Former Dragon’s Den star and CEO of Outsourcery Piers Linney has commended the new Enterprise Bill from Sajid Javid.
The new business secretary this week pledged to save at least £10bn over the next five years through deregulation.
Linney welcomed the move, saying: “Many of the most innovative developments in the technology space come from smaller enterprises, so the government’s move to focus business de-regulation on the needs of SME’s is particularly encouraging.”
The Dragon believes that innovation is being stifled by red tape and it’s on the government to start addressing the issue.
“UK entrepreneurs have some of the best ideas in the world but too often they get stuck at the starting line and we lose out to more flexible markets like the US,” Linney said. “The more that can be done to support smaller enterprises during those vital early stages as they fight to get off the ground, the better.”
The business secretary also announced the launch of a Small Business Conciliation Service, which will help settle late payment disputes between small and large businesses.
“Today’s announcement by the Business Secretary, alongside the continued push by the Cabinet Office to open up government contracts to SMEs, all point to some important developments for the tech industry in the UK in the coming years,” Linney concluded.