Newspaper article The Journal (Newcastle, England)

Pay Fair Campaign Gets Backing of Top Forums; PAYMENT

Newspaper article The Journal (Newcastle, England)

Pay Fair Campaign Gets Backing of Top Forums; PAYMENT

Article excerpt

Byline: ROBERT GIBSON robert.gibson@ncjmedia.co.uk

TWO of the region's most signif-significant business membership organisations have given their backing to The Journal's Pay Fair campaign.

Both the Entrepreneurs' Forum and the North East Chamber of Commerce

have spoken out in support our drive to get firms in the region to make prompt payments to businesses in their supply chains a matter of priority.

According to the CBI, UK firms - many of them SMEs that have provided goods or services to larger corporations - are owed in the region of PS30bn as a result of late payments.

Through the campaign, we are ask-asking companies of all sizes to help tackle the issue by signing up to the North East Institute of Business Ethics, established last May by managing director of Bridge Club Ltd Caroline Theobald and the Reverend Glyn Evans of St Andrews Church, Newcastle.

Specifically, The Journal is urging firms to sign NIBE's Business Ethics Pledge, thereby agreeing to join with others to discuss the role and value of business ethics and to work with each other to transform their work-working environments into places where ethics and community involvement are part of the everyday activity.

The Entrepreneurs Forum was founded in 2002 by leading business figures from the region to provide inspiration and a helping hand to others.

Today, it has more than 300 member companies who employ more than 34,000 people between them.

Chairman Nigel Mills said: "It is great to see The Journal once more supporting the region's business community with the Pay Fair campaign.

"Cashflow is a big issue for many smaller enterprises which, collectively, are a real driving force for employment and economic growth, and form the supply chains of regional industry.

"In our most recent Business Tracker Survey of North East entrepreneurs, cash flow was one of the leading challenges our members faced. …

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