Government to Cut Small Business Red Tape by £10bn

Government to Cut Small Business Red Tape by £10bn

Business secretary Sajid Javid will announce the government’s plans to cut red tape by at least £10bn today (May 19) in his first speech since being appointed to his new position. The red tape reductions are to take place over the next five years as part of the New Enterprise Bill and will help boost small business growth and create more jobs, according to the department for business, innovation and skills. The speech, which will take place at Engine Shed business centre in Bristol (the city where Javid grew up), coincides with the EU Commissions’ announcement to cut EU red tape and will include the government’s plans to tackle business payment issues by introducing a Small Business Conciliation Service to help settle disputes over late payments. The former culture secretary’s statement co... »

Government Launches New Support Package for Home-Based Businesses

Matthew Hancock announces new business rates and planning guidelines to support entrepreneurs running businesses from home The government has announced new measures that will support home-based companies, including new business rate guidelines and planning laws. The measures will include passing a law to make it easier to start-up in rented housing and updated planning guidance clarifying that planning permission won’t be necessary to run a business from your home. In addition to this, new business rate guidelines will ensure that the majority of home-based firms will be exempt from rates. Business minister Matthew Hancock announced the package today, as part of the government’s long-term goal to support small and mid-sized business growth. The measures are a response to the growing number... »

CBI President Tells Government to Confront Four Hard Truths

Business doesn’t need Ministers to crack the whip to get growth going, says Sir Roger Carr… But they do need to confront some “hard truths” In a speech to senior business leaders and politicians at the CBI Annual Dinner in London last night, the organisation’s President, Sir Roger Carr, made clear that business didn’t need ministers to “crack the whip” to get growth going. “In the race for growth, the going may be heavy at times, but the horses are willing, the course is understood and there is a shared will to win”, he said. With special guest, the Foreign Secretary, William Hague, in the audience, Sir Roger continued: “There are no whinging businessmen here, but engaged and positive people advocating a more constructive approach to solving ... »

Time to Train Regulations Postponed for Small Businesses

Regulations forcing small firms to offer staff the right to request training from this April have been postponed until the full impact of the reforms on businesses can be assessed. The Time to Train regulations (PDF) were introduced for larger firms in April 2010 and were due to come into force for small firms in April 2011. The regulations require businesses to go through a formal process when an employee asks for training, including reporting back in writing and addressing an appeal if the request is turned down. Commenting on the delay in introducing the reforms, further education, skills and lifelong learning minister, John Hayes said: “It’s vital that the right balance is struck between support for training and the need to minimise the burden of regulation for smaller companies.... »

Red Tape Reduction Plans Welcomed by Business Groups

Business groups have welcomed the coalition Government’s plans to set up a Reducing Regulations Committee to cut the burden of red tape on small businesses. Announcing the new committee this week, business secretary, Vince Cable, said it would review business laws due to be introduced between June 2010 and April 2011 to ensure they do not present an unreasonable cost to small firms. Research by the Forum of Private Business (FPB) last year showed that meeting regulations costs smaller employers a total of £9.3 billion a year and takes them on average 37 hours a month. Central to the new committee’s role will be monitoring the new “one-in, one-out” approach, which will ensure a new law is only brought in when an existing one is removed. A “challenge group... »

Government Lifeline for Hi-Tech Business

Government Lifeline for Hi-Tech Business

> NESTA today welcomes the Government’s announcement of a £750million investment fund to support high potential technology businesses. NESTA (National Endowment for Science, Technology and the Arts) which has the largest portfolio of pre-revenue high tech businesses in the UK has worked with the Government to design such a Fund. In a report released earlier this week, NESTA urged the Government to support the UK’s innovative and fast growing companies in sectors including biotech, cleantech and digital media. It warned that a failure to do so would cost the UK an annual £44bn in lost revenue. Responding to the announcement in today’s Budget, NESTA’s Chief Executive, Jonathan Kestenbaum said: “Today the Government took a vital step on the road to re... »

Health and Safety

Anderson Review calls for free Government Advice

An independent review has recommended that the Government introduces a free advice service for small firms on employment law and health and safety issues. According to small–business owner Sarah Anderson’s Government–backed report, the Anderson Review, three–quarters of small firms have paid for advice on employment law or health and safety regulations in the past. This equates to a total of £1.4 billion per year. “Many small businesses do not use and have no confidence in guidance from the Government. The vast majority of small businesses want to comply with the law. The Government should give them a cost effective and efficient way for them to do so.” said Anderson. Anderson has proposed the Government introduce a free advice service to help firm... »

Rates Relief

Demands for Automatic Rate Relief

The Federation of Small Businesses (FSB) has written to the Prime Minister demanding that firms automatically receive small business rate relief Since December 2005, small businesses in England and Wales have been entitled to claim up to 50% rate relief from their local authority, if the rateable value of their premises is less than £15,000 (£21,500 in London). The relief is paid for by a premium charged on the business rate for larger firms. Research suggests, however, that hundreds of millions of pounds of rate relief is going unclaimed. A 2006 report by the Local Government Association, for example, found that £400 million in rate relief was unclaimed in England each year. The Government attempted to simplify the claims system in 2007, but a February 2008 survey by the... »

Ethnic Women

Minority Women help Social Enterprise

The Government has launched an initiative to help more black, Asian and minority ethnic (BAME) women start their own social enterprises. The Cabinet Office drive, launched alongside a new Government report entitled â??Social Enterprise: Making it work for Black, Asian and Minority Ethnic Women’, includes plans to signpost key sources of advice and funding for BAME women and to promote case studies of existing female BAME social entrepreneurs. The report highlighted that the main barriers for BAME women starting social enterprises are a lack of knowledge of what funding is available and how to secure it, a limited understanding of business development, and cultural stereotyping. Deputy minister for women and equality Barbara Follett said;. “Social enterprise can be a route to fu... »

Door to Door Salesman

Doorstep Selling Regulations Revised

Changes to regulations on doorstep selling come into effect from 1 October, giving customers the right to a seven–day cooling off period following a purchase from doorstep sellers. The regulations, which have now been approved by Parliament, replace the previous rules under which cancellation rights were only effective if a trader’s visit was not pre–arranged. Government–backed advice service Consumer Direct received 8,747 complaints about unsolicited doorstep selling in 2007, accounting for a total of £16.5 million in sales. Of the above complaints, 3,814 were related to home maintenance and improvement products. The revised regulations will apply to all contracts with a total payment of more than £35 and set the cooling off period to a minimum of seven... »

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