Emma Jones CBE has been appointed as the new small business commissioner, starting June 23, succeeding Liz Barclay. This role is crucial for addressing late payments, which plague 23% of small firms. Research indicates that SMEs are owed an average of £42,000 in overdue invoices. With over 5.5 million SMEs in the UK, this issue has gained governmental attention, leading to initiatives like the Fair Payment Code. Small business minister Gareth Thomas praised Jones’s passion and expertise, indicating a strong commitment to making the UK a conducive environment for small enterprises.
Emma Jones believes in the need for proactive solutions to late payments that hinder small businesses, with a focus on advocating for fairer practices.
Minister Gareth Thomas emphasized the significance of Jones's experience, expressing confidence that she would be an effective champion for the UK's small firms and entrepreneurs.
The appointment of Emma Jones highlights the government's commitment to addressing late payments, which affect 23% of small businesses in the UK.
As part of our Plan for Change, we're determined to make the UK the best place for SMEs, tackling late payments and enhancing financial access.
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