Driving Growth

New engine plant: Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable have welcomed Jaguar Land Rover’s announcement that it plans to create 750 jobs at a new engine plant in Wolverhampton. The Government is supporting JLR’s project through the ‘Grant for Business Investment’ scheme which is providing up to £10 million.

Growth plan for marine industries: A new strategy that could lead to £8 billion growth in the British marine and maritime industry has been launched by Business Minister Mark Prisk at one of Europe’s premier on-water shows, the PSP Southampton Boat Show.

See Inside Manufacturing: Speaking at an event earlier this week, Vince Cable called for factories to open their doors and encourage youngsters to think about a career in industry.

Design Industry Growth: The Government launched a call for evidence on how the UK intellectual property system can better support our globally successful design industry.

Business & Reporting

Company pay and reporting: Vince Cable has announced plans for investors to have greater clarity on how top businesses are run and how executive pay is matched to performance. The Department has published a consultation on narrative reporting and a discussion paper on executive remuneration.

Competition and Consumers

Consumer rights: Consumer and Employment Minister Edward Davey has announced a new Consumer Bill of Rights, which will streamline confusing and overlapping legislation and regulation, and provide stronger consumer protection.

Regulation

Red Tape Challenge: The spotlight on Environment regulations is currently live on the website, with categories including waste, environmental permits, emissions and energy labels open for comment.

Get Involved

BIS currently has 9 consultations open for comment, including:

• Mutualisation of the Post Office
• The future of narrative reporting: a further consultation
• The Kay Review of UK Equity Markets and Long-Term Decision Making