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Government spending with small businesses is up by almost £2 billion

Thursday January 30th, 2020

An increase in the amount of money the government spends with small businesses has been welcomed by politicians and business leaders.Tug of War Business

Government spent £14.2 billion with small and medium size businesses in 2018/19

Figure is nearly £2 billion more than previous year.
Spending levels welcomed as a step in the right direction to help the vital small business sector
Latest data also shows Cabinet Office pays 99% of its bills within 30 days
An increase in the amount of money the government spends with small businesses has been welcomed by politicians and business leaders.
Figures released today by the Cabinet Office show that for the year 2018/19, government spending with small and medium size firms rose to £14.2bn – an increase of £1.8bn on the previous year.
The amount of money the government spent with small businesses in 2018/19 was highest since government records began in 2013.
The investment has seen money pumped into small businesses providing services as varied as training courses for apprentices to the development of specialist software.
The government’s manifesto also committed to making sure that businesses are paid on time.
And latest data from the Cabinet Office shows that the department pays 99 per cent of its undisputed invoices within 30 days and 91 per cent within five days.
The government’s commitment to prompt payment also covers the private sector, where tough measures are in place to make sure that suppliers are paid in good time.

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