Supplier Incentive Programme

Supplier Incentive Programme

Supplier Incentive Programme 

Supplier Incentive Programme  is an early payment programme that gives suppliers the opportunity to be paid earlier than contracted terms. It also allows the council to improve its payment processes.

The Supplier Incentive Programme  gives you the option to be paid as soon as the invoice is authorised, ahead of your 30-day terms. You'll need to pay a small pre-agreed discount which is applied as the invoice is paid. The discount is proportionate to the number of days we accelerate the payment by.

We aim to pay you on day 10. The discount is only applied if the invoice is paid earlier than 30 days.

The benefits of Supplier Incentive Programme

We believe that strong supplier relationships are essential in achieving our strategic goals. We recognise early payment can make a significant impact on the growth and development of your business.

With the Supplier Incentive Programme, you’ll benefit from:

  • improved cash flow through faster payments
  • more efficient processes for payment

We will be contacting our suppliers to update them on the scheme.

Our partner

We’re working with Oxygen Finance; the leading provider of early payment programmes in the UK. They work with councils across the UK and thousands of suppliers participate in their early payment programmes.

Next steps

You may receive:

  • a phone call from Oxygen Finance to explain more about the programme
  • an email with details about how to join the programme online

To find out more about the programme and how to sign up, you can:

email newcastle@oxygen-finance.com

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