The Enterprise Bill has been drafted for a second reading.
The government aims to provide businesses with an environment for growth and job creation.
Deregulation and trading
The bill will extended the deregulation target for businesses to include statutory regulators.
The primary authority scheme has also been extended to give more businesses access to reliable, consistent regulatory advice.
Small Business Commissioner
An established small business commissioner will be introduced to handle complaints by small businesses about payment-related issues with larger businesses.
Apprenticeships
The government has committed to 3 million new apprenticeships by 2020.
A new apprenticeship levy will be introduced in April 2017. The levy will be charged at a rate of 0.5% of an employer’s pay bill.
Business rates
Business rate rises will be capped while new legislations will be placed to pave way for better information sharing between local government and the Valuation Office.
The bill will sit alongside a range of legislative changes already introduced:
- reducing corporation tax
- cutting business rates and doubling the small business rate relief
- half a million employers no longer have to make national insurance contributions
- supporting 30,000 businesses with start-up loans
- launched a 5-year programme to help businesses with export opportunities around the world.
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