Chambers Ireland Weekly Digest: 2nd May 2017

  • Prompt Payment Code

Minister of State for Employment and Small Business, Pat Breen recently launched a public awareness campaign to promote the ‘Prompt Payment Code’. Chambers Ireland and several Chambers have signed up to the Code and encourages businesses of all sizes to sign up and commit to ending the culture of late payments in Ireland.

By signing the Code, businesses pledge to pay suppliers on time within the terms agreed at the outset of the contract, or 30 days, in accordance with legislation. Code signatories pledge to provide suppliers with clear and easily accessible guidance on payment procedures. Those who sign up to the Code also agree to encourage good practice.

As part of the Awareness Campaign a new PPC portal has been developed where, in addition to signing up to the Code, businesses can also find information and advice on prompt payment. The new PPC portal which is maintained jointly by the Department of Jobs, Enterprise and Innovation and the Irish Institute of Credit Management (IICM) also contains a streamlined sign up process where businesses can now sign up to the Code in less than two minutes.
Read all frequently asked questions about the Prompt Payment Code here
If you pay on time why not let your suppliers, and indeed any potential suppliers, know that you are a prompt payer – Sign up today

  • Teleconference on the investment and industrial opportunities in the Kaluga Region of Russia

The Russian Trade Delegation in the UK with support of the RBCC are organising a teleconference with the Russian Kaluga region, which will take place on Friday 11 May in London (Highgate).

Please find the event program attached. The Teleconference on the investment and industrial opportunities in the Kaluga Region of Russia – RELIABILITY–INNOVATIONS–PARTNERSHIP is a unique project, bringing together senior representatives of both British and Kaluga Region businesses.

The Teleconference will assess investment and industrial opportunities in the Kaluga Region of Russia and identify areas of mutual interest. The «RELIABILITY–INNOVATIONS–PARTNERSHIP» will take place at the Russian Trade Delegation office in the UK (32-33 Highgate West Hill, London, N6 6NL) on 11th of May and will gather senior Russian & British officials, businesses and investment companies.

«RELIABILITY–INNOVATIONS–PARTNERSHIP» provides a perfect opportunity to discuss all types of projects, investments and trade cooperation in Russia and the UK including projects in construction, energy and energy efficiency, pharmaceutical, food industry, production of glass, automotive industry, agribusiness, wood processing and air freight logistics.

The attendance is free of charge. To register for the event please send an email to

  • DJEI – A Framework for Town Centre Renewal

Minister Mitchell O’Connor recently launched the Framework for Town Centre Renewal. The Framework sets out a practical step by step action plan for stakeholders to work collaboratively to enhance their local town or village. It will be a key support document for towns and villages applying for funding under the recently announced Town and Village Renewal Scheme.

The Framework for Town Centre Renewal will play an important part in the work to rejuvenate and revitalise towns and villages around the country. The Framework supports the Government’s commitment to ensure that the benefits of sustainable economic recovery are felt in every part of Ireland.

The Framework document can be downloaded here