The Prime Minister’s Office is appealing for advice on how the government can cut red tape for people wishing to start their own businesses.
Startups has been approached by Number 10 to ask you – our readers – to share your experiences of setting up a new business model, with a feed in our forum.
The coalition government has acknowledged that current regulations may be outdated and is seeking to review its business legislation to reflect the current challenges facing start-ups in Britain.
During the 10 week process, any specific regulations that are criticised by start-up businesses will immediately be put on probation – and will be scrapped, unless the responsible department can justify or modify them.
At the end of the process, the government will work with contributors to translate the best ideas into action.
Speaking at a joint conference organised by UK Trade & Investment and the Department for Business, Innovation and Skills, David Cameron said:
“We’ve heard from start-ups that they’re innovating so fast, their innovations are out-stripping the regulation that currently exists.
“At its simplest, deregulation has got to be about making it easier to start a business and making it easier to employ people. I’m determined to do both.
He added: “We want Britain to be the fastest place in the world in which to start a business. And yet currently it’s quicker to set up a business in Rwanda than it is in Britain. We can’t go on like this.
“…We’re expanding the Red Tape Challenge, so it doesn’t just cover the red tape that affects businesses today, but the businesses of tomorrow too.”
To have your voice heard, take part in the debate on the Startups forum or you can share your experiences privately by e-mailing firstname.lastname@example.org. For more information, visit the Red Tape Challenge website