Wanted – entrepreneurs
London – The British government has launched a new Enterprise Strategy aimed at making the UK the “best place to start and grow a business”. The 10-year strategy has been produced jointly by the Treasury and the Department for Business, Enterprise and Regulatory Reform. Areas where the government will focus its efforts are culture, knowledge, skills, access to finance, business innovation and regulatory frameworks, as well as the wider benefits of enterprise.
The strategy is the result of six months of dialogue with more than 600 businesses and business leaders. Specific proposals include one for consultation on the introduction of a new system of regulatory budgets for government departments that would set out the cost of new regulations. Plans are to reduce legislation to a minimum, including the burdens of regulation, inspection and enforcement. At the same time, essential protections are to remain in place, as well as structures for clearly communicating any changes. Innovation in the UK could also benefit from proposals to extend an additional €40 million in funding for enterprise education in primary schools and further education colleges, as well as from proposals for a national enterprise academy offering skills training and qualifications to 16- to 19-year olds.