Prime Minister David Cameron has emphatically announced today his intention to alter or remove a number of regulations for businesses in a conference with the Federation of Small Businesses.
Over 3000 different regulations are set to be removed or significantly changed in a move that the government believes will save them over £850 million each year.
Included within the changes are 640 pages of cattle movement, 380 of waste management regulations and a further 285 on hedgerow rules.
The Prime Minister also announced that he expected the department for Environment, Food and Rural Affairs to cut over 80,000 pages of its environmental regulations by 2015, in a move that he believes will save businesses a further £100 million each year.
And Mr Cameron had some positive news for housebuilding firms in the country, announcing that the current 100 regulations applied to new property will be cut to less than ten, which the government hopes will save them around £60 million each year.
Other changes that have been cited are the implementation of a £1.1 billion deal of business rates relief, £100 million of free broadband passes for businesses so they are helped to expand online and a further £2000 of financing for 20,000 businesses across the UK.
Principles of US needed
Mike Cherry, the FSB’s policy chairman, said that the measures suggested will help real workers feel the effects of growth and should re-create the bond between economic growth and living standards in the UK.
“The government must focus on how they can support these businesses in job creation and growth while the UK’s large businesses need to play their part, too, in supporting ambitious small businesses, for example, through paying their smaller suppliers promptly,” he said.
Despite the vast array of help schemes for small business firms in the UK at the moment, many research studies have indicated that little improvement has occurred in the past few years.
The Federation of Small businesses has argued that despite being well intentioned, many of the schemes were confusing and called for an adoption of a US model to improve the landscape for small businesses in Britain.
Mr Cherry said: “The UK government should look at whether an institution built along the principles of the US SBA is needed – bringing together business support, export guidance, public procurement, and other small business functions into one place, providing a powerful small business voice within government.”
Key to well-paying jobs
Karen Mills, former head of the SBA and an ex cabinet member in the US praised the governmentís proposals, saying that it was necessary to bring up the quality of employment in the UK.
She said: “As governments look to the future, their plans have to be centred on growth, and the primary currency should be well-paying jobs.
“With that, any conversation focused on jobs must include small business and entrepreneurship.”
She added: “When small business has a seat at the table, we can more effectively focus on entrepreneurship and innovation, which are critical components to a strong economic game plan in today’s world.”