Lesley Mansell, Labour’s candidate for West of England Metro Mayor, today pledges to support small business as they chase late payments.
New research from Labour reveals small businesses across the South West are missing out on £2.47m each year due to late payments from big companies.
Meeting today with the Federation of Small Business, Lesley Mansell will say she supports Jeremy Corbyn’s three pledges to small business:
· Tough action on late payment
· No quarterly reporting
· Regional investment banks to improve access to finance
Lesley Mansell said: "Many small businesses in the West of England are struggling to keep afloat from one month to the next as late payments from big companies keep them on a financial knife edge.
“If elected as Metro Mayor, I will do everything I can to support them. They’re the engine that keep our local economy running – we must have an economy that works for everyone.”
The Metro Mayor Elections will be taking place on Thursday 4th May. Residents in B&NES, South Gloucestershire and Bristol will have the opportunity to select who they want leading the newly-formed West of England Authority.