Midland business leaders have drawn up a key new charter to deliver better regulation and kick-start vital economic growth.
Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) is pioneering a new relationship between business and local regulators to help stimulate the economy.
Following consultation, companies identified three areas on which regulators should focus: the transparency of inspections, accessibility to advice and support and stronger partnerships with businesses.
GBSLEP has now launched a regulatory charter that sets out a new relationship between regulators and business under the ‘Better Business for All’ brand – and, if successful, it could be rolled out across the country.
ACAS, Birmingham Chamber of Commerce, the Federation of Small Businesses (FSB),
West Midlands Fire Service and all nine local authorities in the LEP area have already pledged their support.
Paul Heaven, GBSLEP board director and managing director of Blue Sky Corporate Finance, said: “We are one of two regulatory pathfinders working with the Better Regulation Delivery Office to change the way regulators and businesses work together to help companies comply with regulation and encourage them to grow.
“It is the small and medium size firms – with limited resources to deal with regulations – that we think will particularly benefit from this work and these are the ones we should be targeting to help them grow and create wealth and jobs.
“Good businesses thrive when regulations are transparent and consistently applied…it sets them apart from operators who flout the law and helps enhance protection for consumers and the general public.
“I’m especially delighted that we’ve got Birmingham, Bromsgrove, Cannock Chase, East Staffordshire, Lichfield, Redditch, Solihull, Tamworth and Wyre Forest all involved.”
The charter is a firm commitment from regulators to be more open and support local businesses to grow.
Leader of Birmingham City Council, Sir Albert Bore said: “Tough economic times require a change in approach. We are working towards a new relationship in which businesses can be confident about calling on us for advice and help in complying with the law.”
An event to share learning from the pathfinder groups will be held in Birmingham on October 31.