20/09/12

Commenting on today’s announcement on the independent scrutiny of regulations affecting challenger businesses by Business and Enterprise Minister Michael Fallon, Dr Adam Marshall, Director of Policy and External Affairs at the British Chambers of Commerce (BCC) said:

“Ensuring that innovative, growing businesses are not hampered by burdensome red tape is a step in the right direction. Independent scrutiny of outdated regulations is vital if we are to help these ground-breaking companies thrive. The BCC has long argued that the role of the independent Regulatory Policy Committee should be strengthened, to ensure regulations that hamper business growth are fully analysed.

“These changes must, however, form part of a wider deregulation package that reduces the burden of red tape for all companies. Only significant deregulation, both domestically and in Europe, will give businesses the confidence to grow, innovate and create employment in the long-term.”

Ends

 For further information please contact the BCC press office on 020 7654 5813 / 5812 or 07825746812 / 07717682221.

Notes to editors:

The Department for Business, Innovation and Skills today announced new measures to boost business potential. These measures include reductions in red tape affecting challenger businesses, extra money to help entrepreneurs, including women in business, find the right mentor and an announcement that 22,000 business mentors are now accessible through the Mentorsme portal. More information can be found at here.

Media contacts

Liz Larvin
T: +44 [0]20 7654 5813
M: +44 [0]7825 746812
l.larvin@britishchambers.org.uk

Lisa Morrison
T: +44 [0]20 7654 5812
M: +44 [0]7717682221
l.morrison@britishchambers.org.uk