Back
Get in Touch Menu

Boosting British enterprise

18 July 2016

The Enterprise Act 2016 gained royal assent in May. A key feature of the act is the introduction of a small business commissioner to help small firms handle disputes with larger businesses over issues such as late payment. The commissioner will also have resources to provide general advice and information to small businesses.

Other measures include:

a requirement under every contract of insurance for insurance companies to pay claims to businesses within a reasonable time.

extending the government’s target to cut red tape and introducing annual reporting requirements for regulators to show the impact their actions have on business.

the introduction of targets for apprenticeships in public sector bodies and establishing an institute for apprenticeships, to ensure they meet the needs of businesses.

extending the primary authority scheme to improve access for small businesses and entrepreneurs to regulatory advice and to save them money.

capping business-rate rises, improving the business rates appeals system and stopping business rate payers from having to share the same information with both local government and the Valuation Office Agency.

powers for government to fund new broadband projects across the country for the benefit of industry and local communities.

stopping six-figure tax payer-funded exit payments in the public sector.

funding powers for UK Government Investments Limited to oversee the sale of government assets in a way that will benefit the tax payer.

decentralising powers to allow local authorities to decide whether or not to extend Sunday trading hours.

Essentially all of the measures introduced under the act are designed to encourage the start-up and growth of small businesses to help boost British enterprise.

A Bristol University graduate with a background in neuroscience, Sophie worked for the NHS and Higher Education Statistics Agency before embarking on her legal career. She trained locally and after qualifying in 2014, she worked in the commercial litigation department of a well-respected national law firm in Bristol and then took a position in the science and technology team at BPE Solicitors. She joined our corporate & commercial team in 2016.

We're here to help
Contact
Sophie Martyn BSc (Hons)
Associate, solicitor
View profile
Sophie Martyn
Related services
Share this article
Resources to help

Related articles

Brexit Q&A: How can my business manage post-Brexit risks?

Commercial

The key to navigating Brexit for any business is planning. Right now, despite the uncertainty around what Brexit may or may not look like, all businesses (whether they trade directly…

Chris Wills LLB (Hons)
Partner

Brexit Q&A: How will Brexit affect data protection for businesses?

Commercial

After Brexit, a UK company may find itself subject to both the GDPR and the parallel Applied GDPR regime. Consequently, a data breach might well fall within the competence of…

Kym Fletcher LLB (Hons) Euro
Consultant, solicitor

Brexit Q&A: How will the new immigration rules implemented after Brexit affect my business?

Business immigration

Businesses who are reliant on skills of EU citizens and who expect to be employing EU citizens arriving in the UK post-Brexit will need to consider the implications of the…

Helen Howes LLM
Trainee solicitor
Contact us