Business: Regulation
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking through the Regulation Action Plan to align regulatory frameworks with the Modern Industrial Strategy.
Answered by Blair McDougall
The Industrial Strategy sets out how targeted regulatory reform will support key sectors to unlock investment and increase productivity. This is reinforced by the Regulation Action Plan which aims to tackle the regulatory burden and complexity; reduce uncertainty and challenge risk aversion to drive growth.
This is supported by targeted regulatory reviews in growth-driving sectors. For example, DBT is working with Defra and the Regulatory Innovation Office on a regulatory review of agri-tech as a frontier industry, to help SMEs navigate the regulatory landscape and support farmer adoption. This approach ensures regulation supports innovation and investment while maintaining essential protections.
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