Following the news yesterday that construction giant Carillion has gone into liquidation, the government has announced that firms working purely on private sector contracts will have just two days of financial support.

While the government has pledged support for contracts, from the HS2 rail project to work with hospitals, schools and prisons, it is a different story for private contracts.

Carillion spent £952m with local suppliers in 2016 and used an extensive network of small firms, as reported by the BBC.

One industry group estimates that up to 30,000 firms are owed money by Carillion. The company employed 20,000 people in the UK and went bust with debts of £1.5bn.

Carillion had previously said it used a wide range of small companies because it was "committed to generating regional economic growth and development". But they are the companies who are going to be hit hardest by the firm's collapse, with many of them facing uncertain futures and wondering if they will ever be paid for their work.

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