Funding news - 26/03/2012
Government Announces New Support for Small Business Growth
The Government has recently announced new measures intended to reduce the burden of business regulations in the UK.
Speaking at the Federation of Small Businesses Conference, Business Secretary Vince Cable set out the practical steps the Government is taking to help SMEs, boost business investment and cut red tape, including a new 'Focus on Enforcement' campaign to identify where inappropriate or excessive enforcement of regulation is holding companies back.
The campaign asks businesses to tell the submit views on where enforcement can be improved, reduced or conducted differently and to discover and celebrate where it works well, so others can learn from it.
The Focus on Enforcement website can be accessed at http://discuss.bis.gov.uk/focusonenforcement. The site gives business the opportunity to suggest areas for review of compliance and enforcement arrangements, and to provide evidence for the first three reviews.
Urging businesses to put forward their ideas for change, Dr Cable said:
"The Government knows that ill thought-out regulations cost businesses time and money – which is why it devised the Red Tape Challenge. But sometimes the regulations are fine; it is inconsistent, inappropriate or overlapping enforcement that is the problem.
"Focus on Enforcement gives all businesses, but especially smaller and medium sized firms that often feel the disproportionate weight of inspection and compliance, the chance to make a real difference to the way regulators visit, inspect and advise business and enforce the law."
Source: Department for Business, Innovation & Skills, 23/03/12