South East England Development Agency is Closing on March 31, 2012

The Government has announced that all Regional Development Agencies (RDAs), including SEEDA, will close by 31 March 2012.

Responsibility for economic development and regeneration in England is being passed onto successor bodies, including Local Enterprise Partnerships (LEPs) and central Government departments

Our objective is to ensure a professional and cost effective closure by this date. We have pledged to work closely with our partners, contractors and stakeholders to ensure that the past and future economic benefits of key programmes and assets continue to deliver the greatest economic value for the South East and value for money for the taxpayer.

Please click here for more details about our closure plan, transition arrangements and successor organisations.

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How we work: Policies: Prompt payment code

SEEDA aims to pay all properly authorised invoices within 10 days of receipt, in accordance with Government accounting practice.

SEEDA is committed to improving our prompt payment performance. In the quarter October to December 2009 we achieved 94% of invoices paid within 8 days.

SEEDA is pleased to be an Approved Signatory of the Code.

What is the prompt payment code?

Pay suppliers on time:

within the terms agreed at the outset of the contract
without attempting to change payment terms retrospectively
without changing practice on length of payment for smaller companies on unreasonable grounds

Give clear guidance to suppliers:

providing suppliers with clear and easily accessible guidance on payment procedures
ensuring there is a system for dealing with complaints and disputes which is communicated to suppliers
advising them promptly if there is any reason why an invoice will not be paid to the agreed terms

Encourage good practice: