Backed by Britain's business community
Good Business Partners and the Supplier Choice Index are supported by the organisations that represent UK business, from small firms to major manufacturers.
The Federation of Small Businesses has been tirelessly campaigning for small firms to get paid on time and quickly, which is why we were pleased to help found Good Business Pays at the outset (and to negotiate the late payments reform legislation with Labour in Opposition, and now through the Government). For a small business cash flow is king, and so the Supplier Choice Index is a great tool. Being empowered to choose partnerships with good and improving payment records means these SMEs can more easily secure a path to establish themselves and grow. Good Business Pays through its Supplier Choice Index takes their important work to the next level, helping businesses know what to expect from their business customers. The Index helps SMEs navigate complex data to show not only current practices but also to quickly flag worsening performance that could put their supply chains at risk.
For a small supplier, getting paid on time is the difference between surviving and thriving. This thoughtful initiative from Good Business Pays turns real, government-reported data into a free, public record of who pays fast and fairly, celebrating good behaviour and giving Britain's biggest firms a platform to prove it, year after year. The CBI is proud to back it.
Our work at the British Chambers of Commerce focuses on making the UK the best place to start, grow and invest in a business. And businesses don't exist in isolation. Regardless of their size, their sector or their place, all businesses are part of a community, a network, a supply chain. Growing one business depends on the success of the whole supply chain. The new Supplier Choice Index service from Good Business Pays is a great way to help identify those businesses that are good partners in a supply chain and helping all businesses learn from that good practice.
Make UK recognises that strong supply chains are at the heart of a successful manufacturing sector, and good relationships between businesses are essential to making those supply chains work. The Supplier Choice Index from Good Business Pays gives manufacturers and suppliers another useful way to assess potential partners and recognise businesses that are committed to being good customers. We're pleased to support an initiative that promotes better business practices and helps build stronger, more resilient supply chains.
The IoD firmly believes that business is a force for good, and that good directors help build a better world. One of the clearest tests of good leadership is how a business treats its suppliers. For decades, consumers have relied on measures such as Net Promoter Scores to help them choose which businesses to engage with. The Supplier Choice Index, created by Good Business Pays, brings similar transparency to supplier relationships, giving businesses valuable insight into potential customers. We are pleased to support this innovative initiative, which promotes greater accountability and encourages best practice across the business community.