What is the FPC

The Fair Payment Code Background

The Fair Payment Code (FPC) rewards businesses that adopt fair payment practices with their suppliers. The Code is ambitious in setting high standards including an exemplar ‘Gold’ category for those businesses paying suppliers within 30 days. The Code is also aspirational and aims to support businesses to improve payment practices and encourages their transition to Gold over time.   

As well as having three Award categories: Gold, Silver and Bronze, the new Code includes a set of fair payment principles that every applicant business is required to sign up to. To ensure the Code is credible, there is a rigorous but relatively light touch application process, a two-year limit on Awards and a more robust approach to enforcement.  

The Fair Payment Code is administered by the Office of the Small Business Commissioner (OSBC) on behalf of the Department for Business and Trade (DBT).  

If you are interested in signing up to the new Fair Payment Code, please complete the expression of interest or contact the FPC team.