Businesses dealing with the Yorkshire Dales National Park Authority (YDNPA) have a big reason to be cheerful – because they get paid bang on time.
Members of the Authority’s finance team have been working hard to improve the payments system, and staff have been getting to grips with a new software package aimed at speeding up the process.
The result is that the Authority paid 99.66 per cent of its bills within 30 days in the financial year to April 5 2013.
Richard Burnett, the YDNPA’s director of corporate services, said:
“This is great news for the Authority and for businesses which, in these lean times, need to maintain a steady income in order to survive.
“The Authority has a duty to try to foster the economic and social wellbeing of local communities and the results show that, whatever their size, businesses dealing with us can be confident in knowing that they will be paid promptly.
“A second benefit is that the Authority does not have to pay interest on late payments where there is no justification or agreement with the supplier – which saves taxpayers’ money.”
Robert Heseltine, the Authority’s member champion for corporate management, said:
“Cash flow in any business – large or small – is of paramount importance for continuing survival and success, particularly for some rural, local enterprises in these times of national austerity.
“We recognise the positive impact on local businesses flowing from the fact that the National Park Authority leads by example, and we sincerely thank all our suppliers and contractors for their continuing support and input into our work.”