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Government bins business red tape

Business will be freed from the burden of red tape under a package of sweeping reforms to regulation, it was announced today.

In a speech to the Federation of Small Businesses in Liverpool, Mark Prisk revealed Business Secretary Vince Cable’s plans for a range of measures to be included in the Growth Review that will allow businesses to grow, including:

  •  a public audit of almost 22,000 statutory instruments that are currently on the statute book; and
  • a moratorium to exempt businesses with fewer than ten employees and genuine start ups from new domestic regulation for three years.
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New ‘Solutions for Business’ portfolio refocused on growth

The Government is launching a new portfolio of products today to help businesses and support growth in the economy.

The new Solutions for Business (SfB) package is simpler, making it easier to understand and accessible to companies.

There are 13 products designed to help businesses identify and overcome key challenges as they grow and develop. It will target activities where a Government lead is required, such as providing access to strategic advice, helping companies reach international markets and supporting innovation.

Business and Enterprise Minister Mark Prisk announced the 13 products at a North West Business Reception in Manchester.

Mr Prisk said:

“The new Solutions for Business portfolio has been designed to give businesses the help they need to expand and grow.

“We are moving away from centralised advice and focusing on targeted programmes. This streamlining is firmly based on developing those services which work, and which private providers do not offer. Securing economic growth is our central task and this step is part of our broad programme to free enterprise and help small firms prosper.”

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