Prompt Payment Code

The Prompt Payment Code is now closed. Please refer to the new @FairPaymentCode

[Prompt Payment Code @CodePayment]

🆕Today the @SB_Commissioner on behalf of the
@biztradegovuk have launched the @FairPaymentCode.

Join the code⬇️

[Small Business Commissioner UK @SB_Commissioner]

Hear from the Small Business Commissioner, Liz Barclay about how the new @FairPaymentCode seeks to improve payment practices. ⬇️

#FairPaymentCode

[Small Business Commissioner UK @SB_Commissioner]

Applying to the Fair Payment Code?

We are running a series of webinars to support applications and answer any questions.

Book your place now ⬇️

https://t.co/KhTZUZv0r7

[Fair Payment Code @FairPaymentCode]

We are running a series of webinars to support applications and answer any questions about the new Fair Payment Code.

Book your place now ⬇️
https://t.co/KTgjuiKtOh

Sign up to the code ⬇️
https://t.co/go2Zo5vGBt

#FairPaymentCode

[Small Business Commissioner UK @SB_Commissioner]

Hear from the Small Business Commissioner, Liz Barclay about the importance of the new @FairPaymentCode.

Join the code ⬇️

https://t.co/AUYMTKbpvK

#FairPaymentCode

[Elite Business @elitebizmag]

Big news! 🚀 The Fair Payment Code is here to boost transparency and fairness in B2B transactions, replacing the old Prompt Payment Code.

Run by the @SB_Commissioner, this Code awards businesses in tiers based on how quickly they pay suppliers. 
https://t.co/am5CW5e9Gi

[Small Business Commissioner UK @SB_Commissioner]

Liz Barclay, Small Business Commissioner goes into more detail about why we need a new Fair Payment Code ⬇️

[Small Business Commissioner UK @SB_Commissioner]

Many of you may have questions about the launch of the new Fair Payment Code. Feel free to comment below or refer to our FAQs page ⬇️

https://t.co/txmWkMrnHL

[Small Business Commissioner UK @SB_Commissioner]

Hear from Small Business Minster, @gareththomasMP about what the new Fair Payment Code will achieve 📣

[Small Business Commissioner UK @SB_Commissioner]

Hear from Liz Barclay, Small Business Commissioner, about why launching the new Fair Payment Code will improve payment practices 📣

[Small Business Commissioner UK @SB_Commissioner]

The Bronze Standard Award is the lowest tier of the new Code's award categories. To be granted bronze status, companies must demonstrate they pay 95% of their suppliers within 60 days.

More on the new Code's award categories ⬇️

https://t.co/vG2m3ogZhR

[Small Business Commissioner UK @SB_Commissioner]

The Silver Standard Award is the mid-tier level of the new Code's award categories. To be granted silver status, companies must demonstrate they pay 95% of their small business suppliers within 30 days and all other suppliers within 60 days.

More on the new Code's award categories ⬇️

https://t.co/RRZTvkinio

[Small Business Commissioner UK @SB_Commissioner]

The Gold Standard Award is the highest tier of the new Code's award categories. To be granted gold status, companies must demonstrate they pay 95% of their suppliers within 30 days.

More on the new Code's award categories ⬇️

https://t.co/qlFwyOSDHJ

[Prompt Payment Code @CodePayment]

🆕 The Small Business Commissioner, with the support of the Department of Business and Trade, will be launching a new Fair Payment Code later in 2024 rewarding businesses for adopting fair supplier payment practices.

More information on the new Code⬇️

https://t.co/dvhdx5DtkB

[Small Business Commissioner UK @SB_Commissioner]

🆕 The Small Business Commissioner, with the support of the Department of Business and Trade, will be launching a new Fair Payment Code later in 2024 rewarding businesses for adopting fair supplier payment practices.

Find out more information on the new Code ⬇️

https://t.co/RRZTvkinio

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[Small Business Commissioner UK @SB_Commissioner]

"The theme of this year’s Mental Health Awareness Week is Movement. Movement is good for improving mental health and most of us to need to get up and move around more. I want to see another movement too. The Movement for Fair Payments. That will help improve the mental health of small business owners too."

Read the Commissioner's Mental Health Awareness Week blog in full⬇️

https://t.co/dYLimJ9YC6

#EveryoneBenefits #MentalHealthAwarenessWeek #MHAW24

[Small Business Commissioner UK @SB_Commissioner]

According to the most recent Cyber security breaches survey, businesses in the UK have seen an increase in Cyber security breaches and attacks.

Read the report in full➡️https://t.co/lHiy5HxB6F

[Small Business Commissioner UK @SB_Commissioner]

Small Business Commissioner📣

It's not often you get a business owner willing to talk about how it all went wrong, despite everyone's best efforts. It's always down to cashflow but it can take a whole series of events to lead up to the crunch. There can be various points at which outside help could save the day. Great session this morning at @UK_CW week with Iain Mcilwee FIS, Tom Ahmad IP and construction entrepreneur Paul Gaughan dissecting all of that.

[Prompt Payment Code @CodePayment]

In the last week, over 20 businesses and organisations joined the Prompt Payment Code. They include:

👥@Cranstoun_org
💡@YESEnergyS
📈@VirtusDCs

See the benefits of joining the code⬇️

https://t.co/dJYCMj0hHd

[Small Business Commissioner UK @SB_Commissioner]

Last month we continued to receive complaints from the care sector. In one particular case we were able to negotiate a payment plan by mediating with the parties involved. The first installment of the agreed payment plan has been paid and the small business is pleased with the outcome.

Read our case studies to find out how we've helped other small business get paid.⬇️

https://t.co/ndaf6ir7Xz