Business Plans
Department for Business, Innovation and Skills
Select a department and browse the individual actions under each priority. See the status for each action.
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1. Rebalance the economy across sectors
Actions
- 1.1 Establish a Green Investment Bank to support private investment in green infrastructure and late stage technologies
Title Start End Status 1.1.i. Establish the governance arrangements and design the business and operating model of the new institution May 2011 Completed 1.1.ii. Green Investment Bank shadow Board established Dec 2011 Completed 1.1.iii. Design of Green Investment Bank complete and published May 2011 Dec 2011 Completed 1.1.iv. Continue market testing for the role of the Green Investment Bank beyond incubation phase May 2011 Dec 2011 Completed 1.1.v. Green Investment Bank operational Sept 2012 Sept 2012 Yet to start 1.1.vi. Release first annual data on the funds in and size of investments made by the Green investment Bank May 2013 May 2013 Yet to start - 1.2 Promote industry-led developments to increase use of debt capital markets and supply chain finance
Title Start End Status 1.2.i. Analysis of the funding landscape for medium sized businesses to identify any finance gaps and develop options to address them Completed 1.2.ii. Develop and publish implementation plan to support sustainable, affordable lending to business Completed 1.2.iii. Publish Green Paper with HM Treasury on business finance Completed - 1.3 Establish a Cabinet Banking Committee and an Independent Banking Commission to report on banking structural reform, working with HM Treasury
Title Start End Status 1.3.i. Cabinet Banking Committee and Independent Banking Commission established Completed 1.3.ii. Independent Banking Commission report published Sept 2011 Sept 2011 Completed 1.3.iii. Prepare the Government‟s response to the Independent Commission on Banking's final report, working with HM Treasury Sept 2011 Sept 2011 Completed - 1.4 Promote competitiveness in areas of comparative advantage for the UK, to ensure that the country is not so dependent on a narrow range of economic sectors
Title Start End Status 1.4.i. Framework on advanced manufacturing sectors published Completed 1.4.ii. Review regulations to promote growth of key economic sectors, working with Infrastructure UK Completed 1.4.iii. Publish a growth paper, with a new framework to enable broad-based economic growth, including support for innovative small companies and key growth sectors Completed 1.4.iv. Ensure the UK has the right strategies and frameworks, and relationships internationally, for our companies to take advantage of emerging global markets in which the UK has world leading expertise Jul 2011 Completed 1.4.v. Report published with Infrastructure UK on a common set of principles regulation including whether further cross-sectoral action is required Jul 2011 Jul 2011 Completed 1.4.vi. Work with STEMNET to develop a plan to recruit STEM Ambassadors, who promote STEM subjects in schools, focusing on priority growth sectors, including Digital and Creative Industries Oct 2011 Completed - 1.5 Launch an enhanced Manufacturing Advisory Service (MAS) tailored to suit the needs of the individual business and the local economic environment
Title Start End Status 1.5.i. Review options to reform the design and delivery of the programme of the MAS in consultation with industry Completed 1.5.ii. Run procurement process to identify preferred supplier of service Aug 2011 Overdue 1.5.iii. Prepare for launch of the new MAS Dec 2012 Completed 1.5.iv. Launch of new enhanced MAS under a national provider Nov 2011 Jan 2012 Completed - 1.6 Promote growth in the healthcare and life sciences sector by improving access to the skilled individuals the sector needs
Title Start End Status 1.6.i. First meeting of Life Sciences Advisory Board Completed 1.6.ii. Support Cogent as it develops and publishes a plan to improve demand signalling by bringing employers and educators together Jul 2011 Completed 1.6.iii. Work with the Technology Strategy Board to establish the 'Delivering Assisted Living Lifestyles at Scale' programme to show how assisted living technologies and services can be used to promote well-being and provide top quality health and care, enabling people to live independently Jun 2011 Apr 2012 Completed 1.6.iv. Support the Society of Biology to work to establish an accreditation scheme to raise standards of bioscience degrees Mar 2012 Completed 1.6.v. Support Department of Health in delivering actions to ensure improved performance in the delivery of clinical trials in the UK and proportionate regulation of health research, including the new health research regulatory agency and securing a proportional interpretation of the EU Clinical Trials Directive Mar 2012 Completed - 1.7 Remove obstacles to growth and create a business environment in which companies in the construction sector have the confidence to invest
Title Start End Status 1.7.i. In conjunction with HM Treasury and Cabinet Office, publish a pan-government construction strategy and work programme that will cut the costs of construction procurement May 2011 Completed 1.7.ii. Work with HM Treasury and with support from Department for Communities and Local Government to review construction standards and codes with industry May 2011 Completed - 1.8 Work with Department of Communities and Local Government (DCLG) to develop measures to support thriving town centres and build on the Town Centre First Policy
Title Start End Status 1.8.i. Support DCLG to review the Use Classes Order and associated permitted development rights, giving full consideration to the role the Use Classes system plays in encouraging growth Dec 2011 Completed 1.8.ii. Provide best practice guidance, through a single portal, to local authorities and businesses on re-invigorating town centres, including information on potential benefits of Business Improvement Districts Dec 2011 Completed
- 1.1 Establish a Green Investment Bank to support private investment in green infrastructure and late stage technologies
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2. Rebalance the economy across regions
Actions
- 2.1 Empower local authorities and businesses to come together and form new local enterprise partnerships, providing support to accelerate their establishment, working with the Department for Communities and Local Government
Title Start End Status 2.1.i. Develop proposals for the functions, governance and responsibilities of local enterprise partnerships as part of a local growth White Paper Completed 2.1.ii. Outline proposals for local enterprise partnerships received and considered Completed 2.1.iii. Feedback given on outline proposals for local enterprise partnerships Oct 2011 Completed 2.1.iv. Respond to proposals and facilitate the establishment of local enterprise partnerships, including working with those local authorities and businesses who were not immediately ready to establish their local enterprise partnership boards, to enable them to move forward with their local enterprise partnership proposals Oct 2011 Completed 2.1.v. Work with each new local enterprise partnership to enable them to establish their roles and functions May 2012 Completed - 2.2 Put in place a Regional Growth Fund to encourage private sector enterprise and support to help places currently reliant on the public sector to make the transition to sustainable private sector led growth, working with HM Treasury and the Department for Communities and Local Government
Title Start End Status 2.2.i. Develop proposals for a Regional Growth Fund as part of the 2010 Spending Review, publishing plans in the local growth White Paper Completed 2.2.ii. Run first bidding round for the Regional Growth Fund, whereby private bodies and public private partnerships (including Local Enterprise Partnerships) bid for funding to invest in sustainable private sector led growth Completed 2.2.iii. Put in place systems and funds to deliver the Regional Growth Fund Completed 2.2.iv. Conditional offers announced for successful Regional Growth Fund bids Completed 2.2.v. Run a second bidding round for the Regional Growth Fund and announce successful bids Dec 2011 Completed 2.2.vi Run a third bidding round for the Regional Growth Fund if required, subject to review in Sept 2012 Apr 2013 In progress - 2.3 As lead Department, work with the Department for Communities and Local Government to arrange the closure of the Regional Development Agencies and related transition process
Title Start End Status 2.3.i. Evaluate RDA functions and assets, as part of local growth White Paper Completed 2.3.ii. Ensure transition plans are in place for individual RDAs Completed 2.3.iii. Complete RDA projects (stand-alone ongoing major programmes) or transfer to other bodies Apr 2012 Completed 2.3.iv. Manage out RDA functions, assets, commitments and liabilities in an orderly fashion or transfer to other bodies Apr 2012 Completed 2.3.v. Introduce the Public Bodies Bill and the Localism Bill, working with the Cabinet Office and the Department for Communities and Local Government Completed - 2.4 Work with Local Enterprise Partnerships (LEPs) on developing bids for Enterprise Zone status to support growth in their areas
Title Start End Status 2.4.i. With the Department for Communities and Local Government and HM Treasury, work with the LEPs announced in the Plan for Growth as hosting Enterprise Zones, to help them identify the most suitable site for an Enterprise Zone that maximises growth potential in their area Oct 2011 Completed 2.4.ii. Work with the Department for Communities and Local Government and HM Treasury to run a competition to identify a further ten Enterprise Zones, seeking to make decisions on these Zones in the summer Sept 2011 Completed
- 2.1 Empower local authorities and businesses to come together and form new local enterprise partnerships, providing support to accelerate their establishment, working with the Department for Communities and Local Government
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3. Safeguard the future of Royal Mail and the Post Office
Actions
- 3.1 Seek to ensure an injection of private capital into Royal Mail to secure the future of the universal postal service and create a sustainable future for Royal Mail and its employees. Seek to minimise ongoing risk to the taxpayer and ensure that Royal Mail employees are engaged in the transformation of the business and are able to share in its future success
Title Start End Status 3.1.i. Introduce the Postal Services Bill to introduce private sector capital, take on the bulk of Royal Mail's pension fund deficit, commit to an employee share scheme of at least 10%, and establish the appropriate regulatory regime Completed 3.1.ii. Seek State Aid clearance from the European Commission for the Government taking on the bulk of the pension deficit May 2011 May 2012 In progress - 3.2 Help put in place measures to sustain the Post Office and its nationwide network of post offices, including ensuring that Post Offices can offer a wide range of services
Title Start End Status 3.2.i. Introduce the Postal Services Bill to allow for the legal and operational separation of Post Office Ltd from Royal Mail. The Post Office will not be for sale Jul 2011 Completed 3.2.ii. Develop a new commercial strategy in partnership with Post Office Ltd Completed 3.2.iii. Develop options for potential mutualisation of Post Office Ltd Jun 2011 Completed
- 3.1 Seek to ensure an injection of private capital into Royal Mail to secure the future of the universal postal service and create a sustainable future for Royal Mail and its employees. Seek to minimise ongoing risk to the taxpayer and ensure that Royal Mail employees are engaged in the transformation of the business and are able to share in its future success
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4. Build an internationally-competitive skills base
Actions
- 4.1 Develop and publish a strategy for reforming further education for building an internationally-competitive skills base including the reform of further education
- 4.2 Expand and improve the quality of the apprenticeships programme
Title Start End Status 4.2.i. Provide funding and a training offer to support the creation of additional 75,000 adult Apprenticeship places by 2014-15 relative to the level of spending inherited from the previous Government Mar 2015 In progress 4.2.ii. Introduce new statutory national standards to increase the quality of Apprenticeships (Specification of Apprenticeship Standards for England) Completed 4.2.iii Gather and analyse data ahead of the first release publishing the number of new Apprenticeship places Jan 2012 Completed 4.2.iv. Fund an additional 40,000 adult Apprenticeship places focused on the young unemployed and an additional 10,000 advanced and higher Apprenticeship places Mar 2015 In progress 4.2.v. Develop a support fund to address the specific barriers faced by SMEs in setting up Advanced and Higher Level Apprenticeship schemes Apr 2012 Completed 4.2.vi. Work through our partners to encourage more retail apprentices Apr 2012 Completed 4.2.vii Develop regulations to lay before Parliament supporting our commitment to enable flexible models of delivering advanced and higher level Apprenticeships in the Digital and Creative Industries Jul 2011 Completed - 4.3 Introduce a new systems of loans for further education students, in parallel with reforms to funding of higher education, with the expectation that those adults who benefit most from training will contribute to the costs where they can afford to do so
Title Start End Status 4.3.i. Develop proposals to introduce loans for further education students Completed 4.3.ii. Publish proposals on the introduction of loans for further education students Mar 2011 Completed 4.3.iii. Consult on proposals and develop an implementation plan so that loans are introduced in time for the academic year 2013/14 Aug 2011 Overdue 4.3.iv. Higher Education legislation introduced, including clauses that will allow introduction of Further Education loans May 2012 May 2012 Yet to start - 4.4 Implement a new round of the Growth and Innovation Fund, for employer co-funded projects, that invest in training and skills development
- 4.5 Enable people to choose the learning that will help them achieve their goals, and empower and inform learners so they can hold colleges and providers to account
Title Start End Status 4.5.i. Launch an improved careers service to help people make informed choices Completed 4.5.ii. Put in place Lifelong Learning Accounts to encourage learners to make informed choices and take up the funding they are entitled to Sept 2011 Completed 4.5.iii.Publish initial information about providers and their performance to inform choice of learners and employers and review options to create a new information system Completed - 4.6 Set colleges free from central control, including by abolishing and radically scaling back further education quangos. Ensure public funding is fair and follows the choices of students
Title Start End Status 4.6.i. Review funding and the organisational structure of the UK Commission for Employment and Skills and refocus on employer leadership and ambition Completed 4.6.ii. Consult on removing unnecessary controls and regulation attached to further education funding, auditing and monitoring Completed 4.6.iii. Remove controls from further education funding, auditing and monitoring to reduce bureaucracy for colleges Nov 2011 Completed - 4.7 Develop proposals for reforming informal adult and community learning and review the effectiveness of basic skills training in delivering economic and social outcomes, to support the development of the Big Society and progression to formal learning
- 4.8 Develop proposals to introduce a new workplace training programme to replace Train to Gain, targeted at SMEs
- 4.9 Work with the Department for Work and Pensions to ensure that Jobcentre Plus,Work Programme providers, further education colleges and other training providers collaborate so that people on active benefits have access to training to find and keep work, and progress once in work. This collaboration will include work with employers to give benefit claimants access to sector-specific training (alongside work experience and guaranteed interviews brokered by Jobcentre Plus) through sector-based work academies
- 4.10 Work with the UK Commission for Employment and Skills (UK Commission) and Sector Skills Councils to increase business investment in skills and to support employers in making more productive use of skills
Title Start End Status 4.10.i. Introduce a new remit for the UK Commission with the focus on increasing employer investment in and use of skills in support of jobs for growth Apr 2012 Completed 4.10.ii. Appoint new Commissioners and a permanent Chief Executive Jul 2011 Completed 4.10.iii. Introduce new funding mechanisms through an employer investment fund to change the way Sector Skills Councils encourage employers to invest in skills Nov 2011 Completed 4.10.iv. Re-launch Investors in People by the UK Commission as a business development tool Apr 2012 Completed - 4.11 Increase employers’ investment in skills and improve the recognition of vocational skills by supporting employer proposals for professional and occupational standards
Title Start End Status 4.11.i. Ensure that the relevant first round of Growth and Innovation Fund bids are submitted Jul 2011 Completed 4.11.ii. Run a first wave of sector initiatives through the Employer Investment Fund Aug 2011 Nov 2011 Completed 4.11.iii. Review the effectiveness of initiatives and the overall scope of the programme Apr 2012 Jul 2012 In progress - 4.12 Contribute to the cross-Government work on improving social mobility
Title Start End Status 4.12.i. Publish jointly with the Department for Work and Pensions and the Department for Education a participation strategy for 16-24 year olds Nov 2011 Overdue
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5. Support universities, science and research in building a strong, innovative economy
Actions
- 5.1 Reform higher education to deliver a sustainable, world class system, that is open to people from all backgrounds while also expecting greater funding contributions from those who can afford to pay
Title Start End Status 5.1.i. Develop and publish the Government‟s response to the Browne Review, including support to students from disadvantaged backgrounds; support for lower income graduates; and to secure greater funding contributions from those who can afford to pay Completed 5.1.ii. Develop and publish a White Paper on the future strategy for higher education to encourage greater choice for students, high quality teaching, a fair deal for part-time students, and wider participation for students from disadvantaged backgrounds Mar 2011 Completed 5.1.iii. Introduce legislation so that higher education institutions, the Higher Education Funding Council for England and the Student Loans Company can implement new arrangements May 2012 In progress 5.1.iv. Implement the new National Scholarship Programme to provide awards to students entering higher education in the academic year 2012/13 Jun 2011 In progress - 5.2 Review options to monetise the Student Loan Book
- 5.3 Improve information for prospective students on different higher education institutions
Title Start End Status 5.3.i. Universities publish statements on how well courses equip students for employment Jul 2012 In progress 5.3.ii. Ensure information is available for each university on key issues for students, including student satisfaction and post-educational outcomes for graduates from different courses and universities Jul 2012 In progress 5.3.iii. Consult with the higher education sector on best way to make information available including through the existing Unistats website, enhancing and adding to the information already available through the website Completed - 5.4 Ensure that future investment in science and research is focussed on excellence
Title Start End Status 5.4.i. Publish changes to the Research Excellence Framework (REF), including a robust method for assessing the economic impact of research Completed 5.4.ii. Develop guidance for institutions on preparing their submissions for REF Jul 2011 Completed 5.4.iii. Prepare and run a pilot of the REF submissions system Jan 2012 Dec 2012 In progress 5.4.iv. Develop REF submissions system and open it to responses by institutions Jan 2013 Nov 2013 Yet to start 5.4.v. Conduct assessment of REF submissions Jan 2014 Dec 2014 Yet to start 5.4.vi. Reform Quality Related Research funding to further focus on research excellence, taking account of critical mass and multidisciplinary capacity Jul 2011 Completed 5.4.vii. Develop and publish a clear policy statement on the Haldane Principle to ensure that publicly funded research projects are selected through effective peer review Completed - 5.5 Improve the efficiency of the research system
Title Start End Status 5.5.i. Implement recommendations of the Wakeham taskforce on research efficiency in higher education institutions Completed 5.5.ii. Complete migration of Research Councils back office processes to a shared service centre, including grant administration Completed 5.5.iii. Research Councils UK undertake a process review of implementation of efficiency measures Nov 2011 Mar 2012 Completed 5.5.iv. Allocate research organisations to efficiency groups for 2012/13 to reflect the savings they need to make Apr 2012 Apr 2012 Completed - 5.6 Enable greater private investment in research and aid the commercialisation of technology research through the creation of centres of scientific and technological excellence and stronger links between universities and industries
Title Start End Status 5.6.i. Create a national network of Technology and Innovation Centres to support growth, increase UK translational capability and position the UK to take advantage of emerging global markets Apr 2012 Completed 5.6.ii. Work with the Technology Strategy Board to run a competition for a Cell Therapy Technology and Innovation Centre to help the UK‟s healthcare and life sciences industry fulfil its potential May 2011 Oct 2011 Completed 5.6.iii. Develop a strategy for enhancing the innovative capability of the UK economy Nov 2011 Completed 5.6.iv. Publish first report on progress in establishing Technology and Innovation Centres, including level of resources committed Oct 2012 Oct 2012 Yet to start 5.6.v. Reform Higher Education Innovation Funding (HEIF) to incentivise and reward universities to increase commercial interaction between the research base and business Jul 2011 Completed 5.6.vi. Issue final HEIF allocations for 2011-12 and conditional allocations for 2012-15 May 2011 May 2011 Completed 5.6.vii. Review universities' HEIF strategies and confirm allocations for 2012-15 Jul 2011 Nov 2011 Completed 5.6.viii. Work with the Engineering and Physical Sciences Research Council to fund the establishment of nine new Centres for Innovative Manufacturing to feed new ideas and discoveries through to business and Technology and Innovation Centres, helping to open up new industries and markets in growth areas Completed 5.6.ix. Work with EPSRC to launch a programme of new Manufacturing Fellowships for exceptional engineers and technology specialists from business to forge links between business and the research base Mar 2012 Completed 5.6.x. Invest an additional £100m in 2011-12 in science capital development to provide facilities for the commercialisation of research, accommodation for innovative SMEs and new research capabilities Apr 2012 Completed 5.6.xi. Carry out a series of round table discussions with representatives from academia, industry, funders and the NHS to identify any barriers limiting geographical clustering to support entrepreneurship and business growth, building on the UK's world-class research base Oct 2011 Completed 5.6.xii. Develop appropriate actions to remove barriers to geographical clustering which have been identified Jul 2011 Mar 2012 Completed - 5.7 Take action to promote innovation and growth of the UK space sector
Title Start End Status 5.7.i. Establish the UK Space Agency as an executive agency to formalise links between industry and researchers in a single body Completed 5.7.ii. Undertake an impact assessment of the Outer Space Act 1986 to develop reforms which will remove restrictions which put UK operators at a competitive disadvantage Oct 2011 Completed 5.7.iii. Provide UK industry with clearer guidance on the regulation of security aspects in export deals to create a more predictable environment for licensing space assets and services to overseas customers Oct 2011 Completed 5.7.iv. Work with Ofcom to support international reform at the World Radio Conference of the processes used to gain access to orbit satellite slots to ensure that British industry has full and fair access to them Feb 2012 Completed 5.7.v. Develop proposals, including agreeing parliamentary time, for a regulatory environment for space vehicles to promote space tourism Mar 2012 Completed 5.7.vi. Accelerate the development of the International Space Innovation Centre at the Harwell Science and Innovation Campus May 2012 Completed - 5.8 Implement the new Birth Cohort Facility Project as set out in Opening Doors, Breaking Barriers, the Governments’ Social Mobility Strategy
Title Start End Status 5.8.i. Initiate and complete the competitive commissioning process for the new Cohort Resources Facility which will make the most of data collected from new and existing UK birth cohort studies Jun 2011 May 2012 In progress 5.8.ii. Initial data collection phase of the Birth Cohort Study commences May 2013 May 2013 Yet to start 5.8.iii. Release first findings from the Birth Cohort Study Jul 2015 Jul 2015 Yet to start
- 5.1 Reform higher education to deliver a sustainable, world class system, that is open to people from all backgrounds while also expecting greater funding contributions from those who can afford to pay
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6. Boost enterprise and make this the decade of the entrepreneur
Actions
- 6.1 Help improve the flow of credit to viable small and medium-sized enterprises (SMEs)
Title Start End Status 6.1.i. £200m continuation of the Enterprise Finance Guarantee in place Completed 6.1.ii. Develop proposals to support sustainable lending to business and improvements in service for SME customers, working with HM Treasury and industry Completed 6.1.iii. Green Paper published with HM Treasury on business finance Completed 6.1.iv. Government response to Green Paper on Business Finance Completed 6.1.v. Develop policy options to address market failures in provision of bank lending and equity finance to viable SMEs, improving access to finance Completed 6.1.vi. Simplify publicly funded venture capital funds by bringing funds together at the national level to improve value for money Completed 6.1.vii. Help the banks set up the business growth fund as soon as possible, developing a credible investment capability and attracting other non-bank investors to support established small businesses with growth potential Jul 2011 Completed 6.1.viii. First investment of banks' business growth fund in SMEs seeking capital to grow Jul 2011 Jul 2011 Completed 6.1.ix. Complete the transfer of c.90 venture capital loans from RDAs to BIS Mar 2012 Completed 6.1.x. Monitor the banks' implementation of the British Bankers Association (BBA) Business Finance Taskforce commitments Jan 2012 Completed 6.1.xi. Analysis of SME lending data made available by the BBA by region on a quarterly basis and by postcode area on an annual basis Nov 2012 Dec 2012 Yet to start - 6.2 Make the UK one of the fastest countries in the world to start up a new business, working with Companies House and HM Revenue and Customs
Title Start End Status 6.2.i. Launch online 'Start up hub' for people looking to start up a new business, co- locating existing online transaction services offered by HMRC and Companies House Nov 2011 Completed 6.2.ii. Publish online business information in a single place and complete the rationalisation of 'Solutions for Business' products Completed 6.2.iii. Develop plans to align Company House and HMRC systems to create a 'one-click' registration process for new companies Completed 6.2.iv. Agree implementation plan for a joined-up company registration service ('one click') Aug 2011 Overdue - 6.3 Rationalise and better target information and advice for businesses
Title Start End Status 6.3.i. Rationalise and simplify the range of ‘Solutions for Business’ products Apr 2011 Completed 6.3.ii. Promote the benefits of mentoring and make it easier for small and medium-sized enterprises (SMEs) to find business advice and support from mentors, working with the private and voluntary sectors Completed 6.3.iii. Ensure those looking to start a business can access the information they need online, including about franchising, published in in an open and standardised format so that it can be re-used for free by third parties Nov 2011 Completed 6.3.iv. British Bankers Association collate and release first annual data on the number of business mentors enrolled in business support Dec 2011 May 2012 Completed 6.3.v. Carry out a scoping review of how online businesslink guidance on regulation can be improved Jul 2011 Sept 2011 In progress - 6.4 Ensure that the UK has world-class competition frameworks
Title Start End Status 6.4.i. Review competition law and the roles of sector regulators with competition powers, including the Competition Commission and the Office of Fair Trading Completed 6.4.ii. Consult on competition law and the roles of sector regulators with competition powers Completed 6.4.iii. Analyse consultation responses and develop final review of competition institutions and competition law Jul 2011 Completed 6.4.iv. Final report published on competition law and the role of sector regulators with competition powers Dec 2011 Dec 2011 Completed - 6.5 Create a stronger entrepreneurial culture
Title Start End Status 6.5.i. Support Department for Work and Pensions led trials for the New Enterprise Allowance in Merseyside by facilitating access to mentoring advice and micro-finance loans to enable unemployed people in setting up their own business (including franchises) Completed 6.5.ii. Trials launched in Merseyside to support unemployed people hoping to set up their own business Completed 6.5.iii. Develop a proposal for enterprise education in schools, further education and higher education, working with Department for Education Completed - 6.6 Introduce a network of Business Coaching for Growth services, targeting SMEs with the potential to achieve rapid and significant growth, and providing strategic advice at key stages in the business development cycle
Title Start End Status 6.6.i. Develop the infrastructure and award service contracts to deliver the Business Coaching for Growth programme, targeting up to 10,000 businesses per year Jan 2012 Completed 6.6.ii. Launch and roll out the Business Coaching for Growth programme across England Jan 2012 Jun 2012 In progress
- 6.1 Help improve the flow of credit to viable small and medium-sized enterprises (SMEs)
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7. Stimulate exports and inward investment
Actions
- 7.1 Set out the Government's strategy for growth through free, fair and open markets, including trade agreements, promoting trade facilitation and cutting global red tape, working with key departments
Title Start End Status 7.1.i. Develop and publish a Trade White Paper Completed 7.1.ii. Publish a review of progress against the Trade White Paper implementation plan Dec 2012 In progress - 7.2 Develop and publish a strategy setting out how UK Trade and Investment (UKTI) will deliver on key trade priorities, stimulating trade in high tech sectors, creating inward investment in regions and supporting small and medium-sized enterprises
- 7.3 Improve the functioning of the EU's single market and trade agreements to increase the access of UK business to overseas markets
Title Start End Status 7.3.i. EU-India Summit held Completed 7.3.ii. Liberalise European markets for business services by working with EU partners to deliver achieve an ambitious outcome for the European Commission's blueprint to improve trade in the EU (called "Single Market Act") Dec 2012 In progress 7.3.iii. Make it easier to sell goods and services online in the EU Dec 2012 In progress 7.3.iv. Work with EU partners to ensure the services directive is properly implemented to radically improve free movement of services. Estimated benefits to UK economy of £6bn per annum Dec 2011 Completed 7.3.v. Establish a single point of contact with the largest license-issuing authorities Completed 7.3.vi. Make trade in Europe work better through improving transparency, dispute resolution and enforcement for UK companies selling their products in major EU markets Dec 2012 In progress - 7.4 Achieve substantive progress on the Doha Development Agenda, working with international partners
- 7.5 Build stronger connections between UKTI and UK businesses
Title Start End Status 7.5.i. Simplify inward investment activities and connections with UK businesses Mar 2012 Completed 7.5.ii. Improve the speed and quality of responses to business enquiries by increasing the range of online services Completed 7.5.iii. Align UKTI's sector-based approach to identifying overseas business opportunities for UK business with the Government‟s approach to rebalancing the economy Completed 7.5.iv. Support the defence and security industries through the Defence and Security Organisation of UKTI to maintain and improve the UK's leading position in the global market place, working with the Ministry of Defence May 2015 In progress - 7.6 Improve the effectiveness of UKTI’s overseas network in identifying export and inward investment opportunities
Title Start End Status 7.6.i. Review deployment of UKTI resources overseas against demand from business for UKTI support in mature and emerging markets Completed 7.6.ii. Launch a trial programme to develop partnerships with leading business people and organisations who will act as advocates for UK business overseas Completed - 7.7 Implement the new UKTI strategy and actions in the Plan for Growth to encourage investment and exports as a route to a more balanced economy
Title Start End Status 7.7.i. Announce new priority high growth and emerging markets May 2011 May 2011 Completed 7.7.ii. Focus diplomatic resources and use Ministerial visits, along with bilateral government-to-government bodies such as Joint Economic and Trade Committees, to campaign for better market access for UK companies across all our priority markets May 2011 May 2012 Completed 7.7.iii. Provide a bespoke service to key inward investors, providing them with speedy resolution of obstacles to investment Oct 2011 Completed 7.7.iv. Deliver an enhanced package of support to help SMEs with an ambition to break into overseas markets Mar 2012 Completed 7.7.v. Deliver a pipeline of high quality FDI projects and market UK infrastructure and regeneration projects to major institutional investors Mar 2012 Completed 7.7.vi. Provide UK businesses with local intelligence on high value projects overseas and intensive support to win these deals Mar 2012 Completed 7.7.vii. Develop a more entrepreneurial culture in UKTI which makes better use of private sector expertise and talent Mar 2011 Completed 7.7.viii. Further pilot the contracting out the delivery of inward investment services, with the use of private sector specialists and entrepreneurs incentivised to attract investment into London‟s Tech City innovation cluster Oct 2012 In progress 7.7.ix. Work in partnership with the Department for Culture, Media and Sport to develop a marketing plan for the digital industries May 2011 Mar 2012 Completed - 7.8 Provide additional support to British businesses exporting, particularly SMEs
Title Start End Status 7.8.i Extend the eligibility of the Export Credits Guarantee Department's (ECGD) short term credit insurance policy, the Export Insurance Policy, to address demand for short-term trade credit insurance Completed 7.8.ii Make permanent the ECGD's Letter of Credit Guarantee Scheme and allow ECGD guarantees to be used to raise long-term finance in capital markets for UK exports In progress 7.8.iii Work with banks to launch three new ECGD products: a bond support product, an export working capital product and a foreign exchange credit support scheme May 2011 Completed 7.8.iv Commence the Export Enterprise Finance Guarantee and promote its use to SMEs May 2011 Oct 2011 Completed 7.8.v Develop and launch a high profile industry showcase alongside the 2012 Olympic and Paralympic games that will be open to a British and International public and business audience visiting London for the 2012 Games Jul 2012 In progress
- 7.1 Set out the Government's strategy for growth through free, fair and open markets, including trade agreements, promoting trade facilitation and cutting global red tape, working with key departments
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8. Create a positive business environment
Actions
- 8.1 Introduce ‘One-in, One-out’ so no new regulation is brought in without other regulation being cut by an equal amount. Impose ‘sunset clauses’ on regulations and regulators to ensure that the need for each regulation is regularly reviewed and apply moratorium to new domestic regulation of new start-ups and micro-businesses
Title Start End Status 8.1.i. Introduce a Reducing Regulation Cabinet sub-committee to impose 'One-in, One-out' Completed 8.1.ii. Develop and Publish Statement of Regulation Completed 8.1.iii. Develop and publish guidance to impose “sunset clauses” on new regulations so that they automatically expire unless positive action is taken by Government to renew them Completed 8.1.iv Publish forward regulatory programme Completed 8.1.v. Carry out review of implementation of sunsetting regulations policy Sept 2011 Dec 2011 Completed 8.1.vi. Launch a civil society red tape taskforce to identify ways of reducing the bureaucratic burden on social enterprises and small voluntary organisations, working with Cabinet Office and publish recommendations May 2011 Completed 8.1.vii. Develop and publish a government response to civil society red tape task force recommendations May 2011 Sept 2011 Completed 8.1.viii. Issue guidance to Departments on the operation of the moratorium to new domestic regulation for start-ups and micro-businesses with fewer than ten employees May 2011 Overdue 8.1.ix. Publish progress report on work with other Government Departments and their agencies to implement the Penfold review of development consents May 2011 May 2011 Completed - 8.2 End the culture of ‘tick-box’ regulation, and instead target inspections on high-risk organisations through co-regulation and improving professional standards
Title Start End Status 8.2.i. Publish White Paper on reforms to the front line delivery of regulation: introducing reviews and Oct 2011 Completed 8.2.ii. Consult on White Paper May 2011 Aug 2011 Overdue 8.2.iii. Develop any legislative proposals, including sunset clauses for regulators May 2012 Mar 2012 Completed 8.2.iv Introduce legislation in the second session of Parliament to ensure better accountability for regulators, better targeted inspection and to extend the Primary Authority scheme to additional regulatory areas and a wider range of businesses May 2012 May 2012 In progress 8.2.v Consult on a code of guidance for conducting test purchases for age-restricted sales Jun 2012 Oct 2011 Completed 8.2.vi Publish code of guidance for conducting test purchases for age-restricted sales Oct 2011 Nov 2011 Completed 8.2.vii Amend regulations affecting retailers to make them more outcome focused, use a checklist approach to assist SMEs in complying with these regulations and create action plan to take forward after pilot Jul 2011 May 2012 Completed 8.2.viii. Work with the Heath and Safety Executive use the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations as a pilot for outcome focused regulation Jul 2011 Nov 2011 Completed - 8.3 Develop guidance for policy-makers in all departments to seek alternatives to regulation, supported by the Cabinet Office Behavioural Insights Team
Title Start End Status 8.3.i. Publish guidance for all departments to seek alternatives to regulation Completed - 8.4 Give the public and business the opportunity to challenge the worst regulations
Title Start End Status 8.4.i. Develop response to the first set of suggestions from the Your Freedom website Completed 8.4.ii. Hold regional meetings with small and medium sized enterprises to identify regulations that they would like to amend or repeal Completed 8.4.iii. Work with Cabinet Office and other departments to help lead the review of the stock of over 21,000 statutory instruments and regulations to free businesses and give people greater freedom and personal responsibility Dec 2012 In progress 8.4.iv. In line with the Red Tape Challenge, bring forward proposals to reduce and reform the stock of statutory instruments and regulations for which the Department has overall responsibility Dec 2012 In progress - 8.5 Establish a rigorous approach to tackling EU regulations on their journey from inception to UK implementation in order to minimise unnecessary burdens & ensure that UK businesses are not disadvantaged relative to their European competitors
Title Start End Status 8.5.i. Review EU rules already in force or in the pipeline for future implementation Completed 8.5.ii. Develop government policy to end gold-plating and a stronger role for the Reducing Regulation Committee and publish new guidance for Departments Mar 2011 Completed 8.5.iii. Monitor Departments' progress in ending gold-plating, including in using copy-out, getting right timing, applying review clauses, aligning EU obligations with domestic policy and using alternatives to regulation Dec 2012 In progress 8.5.iv. Develop Government policy to maximise UK influence in Brussels through earlier engagement Jun 2011 Completed 8.5.v. Work with GlaxoSmithKline, Kingfisher, Balfour Beatty and Tribeka to identify European best practice in the implementation of EU rules and review where EU laws could be made more growth-friendly Dec 2011 Completed 8.5.vi. Work with EU institutions to embed smart regulation, contributing to Commission report on overall burden reductions and exemption of micro-businesses Dec 2012 In progress 8.5.vii. Work with EU partners to set target for reducing the overall burden of EU regulation by the end of 2014 Dec 2014 In progress - 8.6 Extend the right to request flexible working and develop a new system of shared parental leave
Title Start End Status 8.6.i. Work with the Prime Minister‟s Childhood and Families Taskforce to develop proposals for a new system of shared parental leave Completed 8.6.ii. Consult with business on shared parental leave and extension of flexible working to all employees alongside equal pay measures May 2011 Sept 2011 Completed 8.6.iii. Analyse consultation responses and developed detailed plans on shared parental leave and the extension of flexible working to all employees Sept 2011 Mar 2012 Completed - 8.7 Review BIS employment and workplace laws, for employers and employees, to ensure they maximise flexibility while protecting fairness and providing the competitive environment required for enterprise to thrive, working with other Departments
Title Start End Status 8.7.i. Consult on workplace disputes and employment tribunal reform, working with the Ministry of Justice Completed 8.7.ii. Publish the Government's response, working with the Ministry of Justice, on workplace disputes and employment tribunal reform Dec 2011 Dec 2011 Completed 8.7.iii. Frost / Black review of sickness absence underway, publish the Government's response, working with the Department for Work and Pensions Mar 2012 Completed 8.7.iv. Publish timetable for review of employment legislation May 2011 May 2011 Completed 8.7.v. Publish a ministerial statement on proposals for the Government's workplace enforcement activities Oct 2011 Oct 2011 Completed 8.7.vi. Invite the Low Pay Commission to consider the best way to give business clarity on future levels of the national minimum wage May 2011 May 2011 Completed - 8.8 Phase out the Default Retirement Age to support flexible labour markets and fairness in the workplace to support economic growth, working with the Department for Work and Pensions
Title Start End Status 8.8.i. Consult on phasing out the Default Retirement Age Completed 8.8.ii. Develop and refine guidance for employers and individuals, working with ACAS Sept 2011 Completed 8.8.iii. Draft regulations to remove Default Retirement Age and lay them before Parliament Completed 8.8.iv. Regulations to remove the default retirement age come into force Completed 8.8.v. Complete phasing out of Default Retirement Age Oct 2011 Completed - 8.9 Ensure the UK has world-class corporate governance frameworks
Title Start End Status 8.9.i. Undertake a comprehensive review of corporate governance and economic short- termism, including reviewing the range of factors that can be considered when takeovers are proposed Mar 2012 Completed 8.9.ii. Publish interim review on corporate governance and economic short-termism Completed 8.9.iii. Develop and publish options to improve corporate accountability and transparency, including reinstatement of an Operating and Financial Review Completed 8.9.iv. Develop and publish a strategy to increase the number of women on the boards of listed companies in the UK Completed 8.9.v. Encourage the European Commission to include proposals to exempt medium sized companies from mandatory audit within the forthcoming Commission White Paper Jan 2012 Completed 8.9.vi. Consult on bringing small company audit rules in line with the minimum requirements of the relevant EU Directives Oct 2011 Feb 2012 Completed 8.9.vii. New regulations come into force on bringing small company audit rules in line with the minimum requirements of the relevant EU Directives, subject to outcome of consultation Oct 2012 Oct 2012 Yet to start 8.9.viii. Consult on exempting unlisted companies from mandatory audits for subsidiary accounts, subject to conditions contained in 4th Directive Oct 2011 Feb 2012 Completed 8.9.ix. New regulations come into force on exempting unlisted companies from mandatory audits for subsidiary accounts, subject to conditions contained in 4th Directive and outcome of consultation Oct 2012 Oct 2012 Yet to start 8.9.x. Consult on materially simplified narrative reporting for quoted companies Jul 2011 Dec 2011 Completed 8.9.xi. Publish 6 monthly report on progress in negotiating changes to European legislation to simplify reporting requirements for the smallest companies Dec 2012 In progress 8.9.xii. Report on work by BIS and the Financial Reporting Council with the professions, businesses and users of financial information to reinforce the principle that independent regulation and enforcement should focus on risk and outcome rather than processes Mar 2012 Mar 2012 Completed 8.9.xiii. Improve the guidance on businesslink.gov.uk to support business and social enterprise start-ups - in particular with respect to legal forms and ownership models Jul 2011 Completed - 8.10 Enhance the support that the UK's intellectual property framework gives to entrepreneurialism, economic growth and social and commercial innovation
Title Start End Status 8.10.i. Appoint an independent expert to lead a review to identify how to overcome barriers to growth in the intellectual property (IP) system, and to consider the role of the intellectual property framework in supporting new business models appropriate to the digital age Completed 8.10.ii. Consult on options to address barriers to growth in the intellectual property system Completed 8.10.iii. Publish result of the Hargreaves Review of IP and Growth and consultation Apr 2011 Overdue 8.10.iv. Consider the Hargreaves Review recommendations, including simplifying payments for copyright materials and freeing up orphan works, and formulate government response May 2011 Jun 2011 Completed 8.10.v. Publish a response to the Hargreaves Review that sets out the Government's implementation plans in detail and how implementation will contribute to future growth Jun 2011 Jun 2011 Completed 8.10.vi. Pilot launched on “peer to patent” system Completed 8.10.vii. Run a pilot “peer to patent” system to support patent examination through community involvement, including working with the US “peer to patent” project Apr 2012 Completed 8.10.viii. Examine the cost and complexity to small and medium-sized enterprises of accessing intellectual property services to help them to protect and exploit intellectual property Completed - 8.11 Improve the UK’s International Approach to Intellectual Property, to benefit the UK economy, improve the international intellectual property system and facilitate worldwide innovation
Title Start End Status 8.11.i. Scope and agree details of IP Attaché network in key economies, including China and India, to help UK businesses operating abroad to make the most of their intellectual property Dec 2011 Completed 8.11.ii. Establish a network of IP Attachés in key economies Dec 2011 Mar 2013 In progress 8.11.iii. Scope and prioritise policy goals at World Intellectual Property Organisation (WIPO) including policy on Investment and Coordination Mechanism Oct 2011 Completed 8.11.iv. Prioritise UK efforts in the WIPO with a key focus on Patent Cooperation Treaty reform, delivering improvements in access to copyright materials for the print disabled, and a treaty on designs Jun 2011 Dec 2015 In progress 8.11.v. Influence negotiations such that agreement is reached on EU Patent and Patent Court proposals in line with UK priorities Mar 2016 In progress - 8.12 Establish a programme to improve the private sector response to the challenges of cyber security in support of the Government's cyber security agenda
- 8.13 Report back to the Prime Minister on work with other Government departments to support the development of Every Business Commits by overcoming the four barriers identified at the launch of the campaign: criminal records bureau checks and the vetting and barring scheme; professional indemnity and liability insurance; competition law; and rules around work placements
- 8.14 Work with Cabinet Office and HM Treasury to create a Public Data Corporation
- 8.1 Introduce ‘One-in, One-out’ so no new regulation is brought in without other regulation being cut by an equal amount. Impose ‘sunset clauses’ on regulations and regulators to ensure that the need for each regulation is regularly reviewed and apply moratorium to new domestic regulation of new start-ups and micro-businesses
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9. Protect and empower consumers
Actions
- 9.1 Introduce reforms to empower consumers through transparency of customer data and ease of feedback, and by improving information and advice
Title Start End Status 9.1.i. Develop and publish a consumer empowerment strategy, drawing on the insights from behavioural economics and social psychology, including collective bargaining, data transparency, and customer service Mar 2011 Completed 9.1.ii. Take forward strategy proposals to enable local people to bargain collectively to improve their purchasing power, improve the transparency of consumer data and ease of access, and enhance customer service in the public and private sectors Dec 2011 Completed 9.1.iii. Develop proposals to transfer information and advice functions to independent consumer bodies and local authorities Sept 2011 Completed 9.1.iv. Implement Consumer Rights Directive and simplify existing consumer legislation in a Consumer Bill of Rights Dec 2014 In progress - 9.2 Work with credit card companies so that they provide electronic statements to their customers that will allow them to compare the cost of their current deal with other companies
Title Start End Status 9.2.i. Agree form and content of statements Completed 9.2.ii. Review technical issues and announce timetable for implementation Completed 9.2.iii. Develop and implement pilot of electronic statements Dec 2011 Completed 9.2.iv. Electronic statements available nationally to customers of credit card companies Dec 2011 Dec 2011 Completed - 9.3 Introduce stronger consumer protections
Title Start End Status 9.3.i. Undertake a consultation and publish a joint review with HM Treasury of consumer credit and personal insolvency in the UK, including reviewing regulators' powers to define and ban excessive interest rates on credit and store cards a seven-day cooling-off period for store cards Jun 2011 Completed 9.3.ii. Develop measures to end unfair bank and financial transaction charges for consumers Jun 2011 Completed 9.3.iii. Announce proposed package of measures on which voluntary agreement with banks will be sought Jul 2011 Jul 2011 Completed 9.3.iv. Reach agreement with banks on a voluntary package of measures to end unfair bank and financial transaction charges for consumers Jun 2011 Dec 2011 Completed 9.3.v. Introduce a Groceries Code Adjudicator Bill to set up the Groceries Code Adjudicator to monitor and enforce the Groceries Supply Code of Practice Sept 2012 Sept 2012 Yet to start
- 9.1 Introduce reforms to empower consumers through transparency of customer data and ease of feedback, and by improving information and advice