Entrepreneurs need business regulatory support

by Sarah Ashcroft

The UK business regulatory system needs to better reflect the growing need for entrepreneurship in the UK, it has been claimed.

Entrepreneurship is expected to become the focal point for "every facet" of economic and social life going forward, according to chief executive of the National Council for Graduate Entrepreneurship (NCGE), Ian Robertson.

The rules governing business partnerships and the legal forms for your business are among the areas that could be changed to make it easier for entrepreneurs to contribute to economic growth.

Mr Robertson added: "[That] entrepreneurs are said to be the engine room of the new economy provides a great deal of confidence.

"That alone is a stimulus. If you add in measures that benefit small to medium-sized enterprises and a lighter regulatory regime, you have all the ingredients for a successful entrepreneurial economy."

Recent findings published in the 2010 Deloitte Entrepreneurship Survey indicated that over 90 per cent of the UK's entrepreneurial businesses expect to grow their revenue in the next 12 months.

Over half expect to generate at least ten per cent revenue growth over the coming year.

  • Business Start-Up News from Lawpack: Solicitor-approved Business Partnership template with expert guidance on how to complete the legal form

Published on: January 13, 2011

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