Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to reduce the regulatory burden on small businesses.
The Government announced the introduction of the Small and Micro Business Assessment (SaMBA) in June 2013. It requires that Impact Assessments provide clear evidence of the potential impact of regulations on small and micro businesses.
The default assumption under SaMBA is that there will be a legislative exemption for small and micro businesses where a large part of the intended benefits of the measure can be achieved without including them. As a result of this policy, small firms can have confidence that future regulation will be more manageable for them and that they will not face disproportionate regulatory burdens.
The Department is currently reviewing the way we account for regulatory impacts on business and considering options for future policies, and more detail will be announced in due course.