The financial services industry is committed to supporting businesses, including through providing finance.  Improving business productivity, addressing late payment and supporting high-growth Scale-Up firms have been the focus of significant attention in recent years and the Committee will no doubt reflect on the work that has already been done on these areas, as well as the opportunity for the Government to remain joined up in delivering the solutions identified to these challenges.

As the recent demise of Carillion demonstrated, many small businesses are ever more connected into increasingly complex supply chains.  UK Finance's members took a number of immediate actions to support small business customers who were impacted by the liquidation, putting in place emergency measures, such as overdraft extensions, payment holidays and fee waivers.

Please read the full response via the link below.