This type of study is one that the BCC is uniquely positioned to produce with a vast network of more than 100,000 member businesses employing more than 5 million people. These businesses are spread right across the UK and are cross sector.
What comes across more than anything else from these case studies is the time that compliance with red tape costs businesses. This could be the time spent submitting the same information to the Office of National Statistics or the layers of red tape that prevent small businesses from winning a tendered contract. For a small business time taken away from their core activities is productivity and profits lost and in the global economy in which we now find ourselves this can be the difference between success and failure.
Small to Medium Enterprises are the backbone of our economy and where possible government needs to boost their competitiveness. Addressing some of the issues raised in this document would certainly be a start.
Regulation & Employment Policy Adviser
The British Chambers of Commerce