Enterprise Bill [HL]

Explanatory Notes


Overview of the Bill

1 The Bill deals with a range of Government commitments which are intended to support the growth of enterprise in the United Kingdom. The Bill:

a. establishes a Small Business Commissioner, to enable small businesses to resolve disputes with larger businesses and avoid future issues;

b. expands the deregulation target to include regulators;

c. requires regulators subject to the duty to have regard to the Regulators' Code and/or the Growth Duty to report on the effect these duties have had on the way they exercise their functions to which these duties apply;

d. extends the Primary Authority scheme to make it easier for more businesses to join;

e. protects the term apprenticeship in law, with a view to ensuring that apprentices have access to high quality training;

f. gives powers to set targets for apprentice numbers in the public sector;

g. requires insurers to pay insurance claims within a reasonable time;

h. reforms the business rates appeals system;

i. simplifies and updates the Industrial Development Act 1982;

j. repeals some of the legislation relating to the Green Investment Bank in order to allow it to be classified as private sector;

k. includes provisions concerning the pubs code.

2 The Bill gives the Treasury and Scottish Ministers powers to make regulations to restrict public sector exit payments. The Bill also gives the Treasury or the Secretary of State a power to provide financial assistance or make other payments to UK Government Investments Limited.

3 The Bill contains provisions on a range of policies which span the responsibilities of the Department for Business, Innovation and Skills, HM Treasury, Department for Culture, Media and Sport and the Department for Communities and Local Government.

 

Prepared 18th December 2015