Small Business Regulatory Taskforce

Blair McDougall Excerpts

Tuesday 9th June 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

When regulation works for small business, it works for all. I am committed to ensuring the Government provide the best assistance to those brave enough to start a business and it is only right our regulatory environment supports entrepreneurs. It is for that reason that I am today announcing the establishment of the small business regulatory taskforce. The taskforce has been commissioned by His Majesty’s Government to develop recommendations that will target reducing regulatory burdens faced by small and medium-sized enterprises, including microbusinesses. The taskforce will first meet on 11 June.

These recommendations will drive forwards our work to reduce the administrative burden of regulation by 25% and build on commitments in our small business plan to make life easier to start, run and grow your business in the UK. Small businesses are central to the UK economy. Yet far too often they face disproportionate regulatory and administrative burdens. Evidence gathered by the Department for Business and Trade’s business questionnaire shows that complexity, duplication and inconsistent guidance across regulators can make it harder for smaller firms to comply and grow. This Government are determined to reduce unnecessary burdens on business while maintaining vital protections for workers, consumers, the environment and the wider public interest. The taskforce will seek to improve the clarity and usability of regulation in a way that looks to support and increase innovation, productivity and growth across the SME economy

I will co-chair the taskforce, in my capacity as Minister for Small Business alongside Tina McKenzie, Chair of Policy and Advocacy at the Federation of Small Businesses. It will bring together voices from business, industry and Government to identify evidence-based reforms that can improve the operation, clarity and proportionality of regulation for SMEs. The composition of the taskforce reflects a broad cross-section of the SME economy and will consult on members’ views and suggestions throughout the duration of the process. In doing so, it will build on the success of the 2025 licensing taskforce and help apply the lessons learnt from the John Fingleton-led nuclear regulatory review across the wider economy. The taskforce’s work is expected to include consideration of issues such as modernising regulatory submissions, embedding more SME-friendly approaches to guidance, exploring regulatory passporting initiatives, reviewing the impact of enforcement across regulators and local authorities as well as examining what more Government can do to support SMEs with the capability, resource and technology needed for compliance.

The taskforce is expected to run through the summer, with recommendations and a Government response to be provided in autumn.

[HCWS96]

Companies House Accounts Reforms

Blair McDougall Excerpts

Tuesday 9th June 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

The Economic Crime and Corporate Transparency Act 2023 included measures to reform how companies report information and what information they report when filing their annual accounts with Companies House.

The reforms include:

Requiring small companies and micro entities to file profit and loss accounts with Companies House as other companies do;

removing the option for companies to file abridged accounts;

a strengthened eligibility statement for all companies claiming an audit exemption;

the ability for the registrar to require all companies to file accounts via software—using inline extensible business reporting language (iXBRL) format; and

requiring component parts of the filed accounts and reports to all be filed together.

We also plan to bring forward secondary legislation to reduce the number of times a company can shorten its accounting reference period and introduce annotations to the register where a company has not complied with a notice regarding compliance of its accounts with the requirements of the Companies Act 2006.

ECCTA 2023 also included a requirement for small companies to file a directors’ report. However, as part of the Government’s modernising of corporate reporting programme, the Government announced that we will remove the requirement for any company to produce a directors’ report as part of their annual report and accounts. This change will therefore no longer apply.

The accounts reforms seek to improve the transparency, accuracy and reliability of data on the companies register, to inform business decisions, modernise practices in line with other countries, and tackle economic crime.

In June 2025, Companies House communicated that the reforms would be implemented in April 2027. This sparked some concern about the impact some of the reforms might have on businesses. As a result, we paused implementation to take time to engage with a range of stakeholders.

We have listened carefully to stakeholders’ concerns and after some consideration have taken the decision to proceed with the reforms, but with two changes.

First, we are proceeding with requiring small companies and micro-entities to file profit and loss accounts, but they will be able to opt out of having these published on the public register. We have taken this decision in response to concerns from the business and investment community around the commercial risks for smaller companies of disclosing this information, and the potential impact on investment opportunities.

Details of how smaller companies can opt out of publication will be confirmed in due course. Companies who wish to enjoy the benefits of publication, such as improved access to finance and enhanced transparency, can still do so.

Where a company opts out of publishing their profit and loss accounts, Companies House, law enforcement and His Majesty’s Revenue and Customs will still have access to identify and tackle fraud, economic crime and tax evasion.

Second, to give companies and software providers more time to prepare, we will postpone implementing these reforms by one year, from April 2027 to April 2028.

We will also proceed with mandating accounts filing in iXBRL format from April 2028. This will improve the quality of financial data for register users and provide more opportunities over time for companies’ accounts data to be aggregated, compared and subjected to analysis in different ways for use more widely.

We will continue to engage with stakeholders as we prepare the necessary secondary legislation and proceed to implement these important reforms.

[HCWS94]

High Street Businesses: Government Support

Blair McDougall Excerpts

Thursday 4th June 2026 Westminster Hall

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

It is a pleasure to serve under your chairship, Ms Lewell. I congratulate the hon. Member for Didcot and Wantage (Olly Glover) on securing this important and passionate debate, and I thank him for his own thoughtful and passionate contribution.

It was interesting to hear so many hon. Members name different local businesses in their areas without necessarily explaining what those businesses did—I am intrigued what Serendipity in Horwich or the Uniform Monkeys do. I would be remiss if I did not abuse my position by naming some of my favourites in my own constituency, including Bica in Netherlee; Wheataly in Clarkstown, which does the best Italian food in Glasgow; The Pad in Neilston; and Valentini’s ice cream in Giffnock.

What is encouraging about this debate is that it has placed the role of high streets in its proper context. Yes, they are full of businesses, which are about a bottom line, but as was said by the hon. Members for Woking (Mr Forster) and for Tiverton and Minehead (Rachel Gilmour) and my hon. Friend the Member for North East Hertfordshire (Chris Hinchliff), this is about more than just soulless economics; it is about how we feel about where we live. It is essential that we understand that.

We must also place high streets in the wider economic context. They are not only the engines of very local economies but a barometer for how the wider economy feels. We have to recognise that the reason why so many of our town and city centres sometimes feel so down at heel is that before we lost the shops on those high streets, we lost the industry at the edges of towns.

It is important to put this debate in the context of the Government’s wider efforts to reindustrialise the country, to create good work and a sense of economic pride and purpose in places. I disagree with the shadow Minister, the hon. Member for Arundel and South Downs (Andrew Griffith): yes, to tackle the insecure work and low incomes that left people without the money to spend in the neighbourhoods where our high streets are—

[Tom Gordon (Harrogate and Knaresborough) (LD)]

Whenever we talk about high streets, we think primarily about town centres, but there are smaller communities and sub-neighbourhoods, such as Bilton and Starbeck in my Harrogate and Knaresborough constituency—and even Kings Road, just a little further outside the town centre—that often miss out on support from the likes of the local chamber of commerce or business improvement district. Does the Minister think there should be additional measures for those that struggle because they are a little further from the town centre?

[Blair McDougall]

One of the hallmarks of our efforts through Pride in Place and other measures is recognition that there is not really a one-size-fits-all solution. In my constituency, we do not have one central high street; we probably have about a dozen separate ones, which sounds similar to the hon. Gentleman’s constituency.

It is clear from what everyone has said during the debate that high streets are facing real pressures, from changing consumer habits to crime and increasing costs. There is not a single quick fix—there is no one-size-fits-all solution. It will take determined effort and real strategy from the Government. A key part of that is our small business strategy, which was launched just short of a year ago and aims to cut red tape, cut costs and make things just a little easier in challenging times. We will build on the strategy later this year as we bring forward a cross-Government high streets strategy that aims to support the businesses that we have been talking about today and equip local authorities with the tools that they need to drive long-term regeneration. We are working really closely on that with businesses, representative organisations and, indeed, Members from across the House.

We have already started taking significant action through, for example, our high streets innovation partnerships—a £301 million package that aims to help local areas to reinvent and reimagine high streets, to make them more attractive places to live and put more services into them. My hon. Friend the Member for Bolton West (Phil Brickell) mentioned a Woolworths that had been replaced by businesses of lower value over the years. There is a challenge for all of us within our areas, working with local authorities and health authorities, to make sure that we locate more services in our areas and drive more footfall to them.

I will give an example of that type of action. I also oversee the Post Office, and as well as the Government making the decision to keep the Post Office network open at its current level, there are really exciting plans under way from the Post Office to create a new community hub model for post offices in towns across the UK. That will offer a place for commercial services and public services to be delivered, and enhance the role that post offices have as an anchor in the high streets.

I will turn quickly to some of the issues raised by hon. Members and outline the areas that the Government are focusing on within each of them. The hon. Member for Strangford (Jim Shannon) raised the issue of payment providers. That issue was raised with me by Kadir’s, a chip shop in Barrhead in my constituency. The payment services regulator recently carried out two market reviews in this area to look at those cost increases and is currently looking at what action to take as a result.

Many hon. Members rightly raised the impact of business rates on high street businesses. They say that all of heaven rejoices more over one sinner who repents, so I welcome the acknowledgment by the shadow Minister that we inherited a system that was, frankly, a mess. It was chaotic; it kept changing. It did not give people any sense of stability. For high streets, we have to ensure that our business rates system is fair, stable and responsive to the changing economic situation that hon. Members have described. That is why, in the face of the cost of the first revaluation since the pandemic, we have put in the £4.3 billion support package.

The hon. Member for Wimbledon (Mr Kohler) asked when we will take on the big online giants—the warehouses—and start to shift some of the burden on to them and away from high street businesses. That is exactly what we did with those lower multipliers. That was paid for by putting the burden on to the big warehouses. We are working in that area. Rather than tinkering, we are doing that big structural change.

Let me turn to jobs, and particularly youth unemployment and the link to high streets. My hon. Friend the Member for Bexleyheath and Crayford (Daniel Francis) said that he was a Saturday boy. I was a Saturday boy as well in Beveridge’s fishmongers in Giffnock. It taught me everything about how to talk to people. It gave me confidence. Every time someone came into the shop, I had to re-find my confidence—remake myself. I do not think that I would be where I am now had I not had that experience.

Some Members raised national insurance contributions in that context. Businesses still have those reliefs for under-21s and for apprentices under 25. It is worth about £2.5 billion. In terms of national insurance, there is relief there for employing young people, but I absolutely take the point. Obviously, the Milburn review is working on the much bigger issue of the number of young people not getting that opportunity.

[Daniel Francis]

I spoke to Alan Milburn about this yesterday. Does the Minister accept that, although there is a clear job for Government in this matter, there is also a clear job for retailers? The kind of schemes the retailer I worked for had in the ’90s for young and disabled people have gone by the wayside for many large retailers. We need to bring them round the table and get them to bring back some of those schemes.

[Blair McDougall]

My hon. Friend will know from talking to Alan Milburn that he is very much of the view that this is not something the Government can do alone; it will need to be done in partnership with industry and, as my hon. Friend says, with retailers in particular.

Nothing in recent years has made people angrier than either experiencing retail crime or seeing videos and images of it on social media, in which shop workers are treated appallingly. Despite that, there are encouraging signs that our efforts to tackle retail crime are beginning to bite. Shop theft has started to fall, following really sharp increases under the previous Government. At the heart of that effort was the revitalisation of neighbourhood policing with 13,000 additional personnel being delivered, 3,100 of whom are already in place.

My hon. Friends the Members for Great Grimsby and Cleethorpes (Melanie Onn) and for Bolton West spoke, rightly, with some anger at how organised crime—as they correctly named it—has impacted the way that our high streets feel. We are seeing legitimate, independent and valued businesses having to compete with businesses that are not real, and that is simply unfair.

My hon. Friend the Member for Bolton West was right to talk about his campaign and efforts, along with other Members, to deliver the high streets organised crime unit to bring about the system-wide response that he described—bringing together HMRC and local authorities, and working with Companies House, the Insolvency Service and the organisations that I oversee. As part of that, my officials have joined the Home Office in engaging with the Dutch Government to learn the lessons from their approach with the Bibob Act, highlighted by my hon. Friend, with a view to exploring whether a similar approach could be taken here.

The Home Office will shortly launch a consultation on strengthening closure orders, with stronger powers for local authorities being considered as part of our work on the high street strategy. Importantly, this is all backed by funding for the organisations that we rely on to do this. This is about fairness, but it is also about the way people feel about where they live. It is one of those issues on which our constituents have been ahead of us; they have noticed that there is something wrong on the high street, and we need to deal with it.

Finally on the point about that sense of where we live, many hon. Members referred to Pride in Place, and the nearly £6 billion invested to support hundreds of places around the country. This is not a one-size-fits-all approach and it is not directed from Whitehall; it is communities shaping for themselves how they want their high streets and local areas to be reimagined.

Alongside that, hon. Members mentioned the perennial problem of empty properties. They are one of the most visible challenges facing our high streets. High street rental auctions are now beginning to bite, not just in terms of the number that have gone through the whole process; the very ability of local authorities to have that conversation is letting them engage with landlords, changing the nature of that relationship and changing things on the high streets. This week, we announced £10 million of funding to support the expansion of high street rental auctions to help councils to identify opportunities, deepen engagement with landlords and get properties ready for use. That is a practical and important step forward.

Finally, hon. Members raised the issue of banking hubs and the loss of banking facilities in local areas. In Barrhead, a large industrial town in my constituency, we recently lost our last bank, so I get the frustration, particularly with the process of deciding whether an area gets a banking hub or not. As hon. Members will know, the Government commissioned an independent review into access to banking services. Alongside that, we are supporting the roll-out of 350 banking hubs, 235 of which are already open. That is alongside the work that we are doing to make sure that the Post Office network is sustained, invested in and able to provide the banking services that people rely on.

I thank again the hon. Member for Didcot and Wantage for securing the debate. As I have said in this room before, we sometimes talk about high streets as being an important part of the community, but for me, as many hon. Members from all parties have made clear today, they are not just a part of the community but where community happens. They are where people get services, meet their friends and have fun, and where those who are otherwise socially isolated find companionship and community. That is why we have to do far more to support them, to ensure that all the places that we represent thrive and have a sense of pride.

Horizon Shortfall Scheme: Fixed-sum Offer Appeals and Independent Senior Lawyer

Blair McDougall Excerpts

Wednesday 20th May 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

The Government are determined that postmasters affected by the Horizon scandal receive the compensation they deserve.

The Government are today announcing further details about how postmasters who previously accepted the Horizon shortfall scheme fixed-sum offer will be able to request permission from an independent person to appeal their award. We are also providing an update on the recommendations from the Horizon shortfall scheme independent senior lawyer on cases where there is no evidence of a shortfall.

Permission to appeal

Volume 1 of the Post Office IT Horizon inquiry report recommended that postmasters who feel they may have under-settled their HSS claim by accepting the 75,000 HSS FSO

“should be afforded the opportunity to appeal against their acceptance of such an offer if they are granted permission to do so”

by an independent person. Being granted permission to appeal will not guarantee that a postmaster’s award will be uplifted when their claim is fully assessed in the HSS appeals process.

To implement Sir Wyn Williams’ recommendation, the Department for Business and Trade has developed draft guidance for the scheme and engaged with key stakeholders, including claimants’ representatives, the Horizon compensation advisory board and postmaster organisations. This is to ensure that the process will be fit for purpose and meets its aims.

The FSO permission to appeal process will open for registrations later this year. Postmasters who have already received an FSO will have three months from the launch date to register and seek permission to appeal. Those who receive FSOs in future will have three months from the date of the offer to seek permission to appeal. Once confirmed as eligible, they will then have a further three months to make their application by submitting a concise written narrative explaining why they believe that their claim was under-settled. Assessment of these requests will be undertaken completely independently of the Department and Post Office. A postmaster who is granted permission will be permitted to apply to the HSS appeals process.

DBT will fund postmasters’ reasonable costs of obtaining legal advice to understand the value of their potential claim and prepare their narrative on the basis of a tariff which was discussed with legal representatives and has also been published today. We will strongly encourage those considering seeking permission to appeal to take up this offer and only engage solicitors and firms that are regulated by the Solicitors Regulation Authority, the Law Society of Scotland or the Law Society of Northern Ireland. Additionally, postmasters should not engage any firm which offers a “no-win, no-fee” conditional fee or litigation funding agreement.

The Government have today published the draft fixed-sum offer permission to appeal process guide, which details the proposed principles, eligibility criteria, stages of the process and expectations for applicants. This provides the information which postmasters and their legal representatives will need to start submitting cases. We continue to welcome feedback from stakeholders on our proposals. This is available at: https://www.gov.uk/government/publications/horizon-shortfall-scheme-hss-fixed-sum-offer-permission-to-appeal-process .

DBT will work with the Post Office to ensure postmasters who previously received an FSO are contacted upon launch to make them aware that this process is available.

Horizon shortfall scheme

In December 2025, Sir Gary Hickinbottom was appointed to the HSS as the independent senior lawyer to review any generic issues arising under the scheme; and, if appropriate, make recommendations to ensure full, fair and prompt redress within the scheme and, as far as possible, across the Horizon redress schemes as a whole.

The DBT and Post Office referred the handling of cases without shortfall evidence to Sir Gary for review. He has reviewed this process and provided recommendations on it. He advised that, subject to implementation of those recommendations, the process is appropriate, robust and fair, and does not apply more than the necessary burden on claimants. The Government have today published the full report which is available at: https://www.gov.uk/government/publications/independent-senior-lawyers-review-of-unevidenced-shortfalls-process . The Post Office and the Department are grateful for his advice and have accepted his recommendations in full.

In addition to the report, we have issued guidance outlining the procedures for managing and processing these cases to ensure claimants have a clear understanding of how their claims will be handled. The Post Office and the Department are committed to providing full and fair redress for those affected by the Horizon scandal. We consider that this revised process will ensure that applicants will obtain that redress in a manner that is fair to all claimants. DBT will continue to work with Post Office to ensure claims are processed as quickly as possible.

I will keep the House updated as this work progresses.

[HCWS45]

Companies House: Public Targets 2026-27

Blair McDougall Excerpts

Monday 18th May 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

I have set Companies House the following targets for the year 2026-27.

Companies House will continue to score above average for the public sector, in the UK customer satisfaction index.

Digital services are available for a minimum of 99.5% of the time.

All incoming calls to our contact centre wait for no longer than five minutes in the call queue, on average.

Using the registrar’s powers, Companies House will take at least 225,000 actions to tackle abuse and improve the integrity of the register.

By the end of the financial year, all companies will have met identity verification requirements linked to their confirmation statement or be on an appropriate pathway to compliance or enforcement action.

Deliver 4% efficiency, in comparison to 2025-26 controllable spend.

[HCWS24]

Group Litigation Order and Post Office Process Review Schemes: Closure

Blair McDougall Excerpts

Tuesday 21st April 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

In March 2023, the Department for Business and Trade formally launched the group litigation order compensation scheme to provide full and fair redress to the trailblazers who uncovered the Post Office Horizon scandal. I am pleased to confirm that, as of today, we have received full applications from over 95% of the 492 eligible claimants, and have settled nearly 90% of all claims. As we are nearing completion of the scheme, I am announcing today that any final applications must be submitted to the Department by 31 July 2026, ahead of the scheme formally closing on 31 December 2026. It is my determination to bring closure to this group for all the suffering they have endured, and I hope today’s announcement goes some way in achieving that. We have consulted claimants’ legal representatives and the Horizon Compensation Advisory Board about these deadlines and will continue to work with them if there are any claimants, for reason of vulnerability, who will need extra support to resolve their claim.

I am also announcing today that the post office process review scheme will close to new applications on 30 September 2026. This scheme is unrelated to the GLO scheme and to the Horizon system-related shortfalls more broadly; instead, PPR provides redress to postmasters for financial losses caused by other Post Office products, policies or processes. The scheme is run by Post Office Ltd and is open to all eligible former and current postmasters, the vast majority of whom should now have received an invitation to apply. Any postmaster who believes they are eligible but has not received an invitation should contact Post Office Ltd directly at: [e-mail]. This follows the closure to new applications of the Horizon shortfall scheme and the suspension remuneration review on 31 January 2026.

[HCWS1527]

Post Office Network Transformation Programme: Independent Investigation

Blair McDougall Excerpts

Wednesday 15th April 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

Parliament was notified last year of the Government’s intention to commission an independent review into allegations surrounding the Post Office’s network transformation programme (2010 to 2019).

I can now update Members that the investigation has begun. Adam Tolley KC has been appointed to lead the investigation, supported by an independent legal team. The terms of reference for the investigation have been published online, and Members and their constituents are welcome to write to the investigation team at: [e-mail].

I will update the House on the investigation’s findings once the final report has been produced.

[HCWS1512]

Industrial Strategy

Blair McDougall Excerpts

Monday 13th April 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

I wish to update Parliament on a package of significant measures and a major investment to drive forward the delivery of the Industrial Strategy, strengthen the UK’s advanced manufacturing base, and ensure the country remains a leading hub for business and investment in a volatile global environment. This builds on the statement made in January, which set out measures to support scale-ups, accelerate battery innovation, and reduce unnecessary regulatory burdens. Alongside this package, the Government will publish the latest quarterly update on delivery of the Industrial Strategy and confirm the re-appointment of Clare Barclay as Chair of the Industrial Strategy Advisory Council for a further term.

Delivering the Industrial Strategy with support for Advanced Manufacturing

We are backing the advanced manufacturing sector with over £700 million to help UK industry move faster towards electrification, create pathways into fulfilling, skilled careers and strengthen our supply chains. This will support up to 4,200 jobs, backing local communities and putting more money in people’s pockets.

At the heart of this package is a £380 million DRIVE35 grant to support the delivery of what will be one of Europe’s largest battery gigafactories in Somerset, with a frame of 100% British steel. This project, delivered by Agratas, will strengthen the UK’s battery manufacturing capability, support growth across the automotive and battery supply chains, and reinforce the competitiveness of the UK automotive sector as it transitions to electrification. The project is expected to support up to 4,200 jobs directly and a strong local skills pipeline, including apprenticeships and training in battery manufacturing and engineering, working with local partners such as the University Centre Somerset. It will supply batteries to Jaguar Land Rover, helping to anchor future electric vehicle production in the UK. This builds on previous Government action to support Jaguar Land Rover and its supply chain following the cyber-attack, helping to protect jobs across the automotive sector.

Backing business to transition, innovate, and compete

This investment sits within a wider package to help advanced manufacturing businesses transition, innovate and compete in electric vehicle manufacturing. This includes interventions from our DRIVE35 programme:

Announcing the winners of four R&D competitions worth £90 million, backing innovation across the UK automotive and battery ecosystem and supporting UK leadership in zero emission vehicle technologies, such as a £32 million project where JLR are partnering with semiconductor firm ARM to bring auto and tech firms together to advance software-defined vehicles technologies for EVs.

Funding of £100 million to help the automotive supply chain and support automotive suppliers to transition their systems and capabilities towards EV manufacturing, focused on the west midlands and north-east of England.

The package also includes the first round of multi-year R&D support through the battery innovation programme to back next-generation battery technologies and UK supply chain capabilities, with up to £22 million awarded—matched by industry—to UK-led R&D projects. We have also opened a round 2 competition, worth £25 million, to support business-led collaborative R&D. The package will support innovation in “breakthrough” battery cell materials, including novel cathode materials and solid-state batteries. It will enable UK battery firms to secure private investment and compete globally. This funding will support the development of a circular value chain in battery materials, mining, refining and recycling, and boost our economic resilience. We have also announced £1.4 million of connected and autonomous mobility pathfinder programme grants for feasibility studies exploring autonomous freight in Teesside, Sunderland and the Port of Tyne, as well as self-driving passenger services at the Wellcome Genome Campus in Hinxton, Cambridgeshire, at an NHS site, at an airport, and in London, advancing safer, more efficient, automated transport.

We are also expanding the Made Smarter adoption programme, doubling our investment up to £99 million over three years, to support manufacturing SMEs to adopt industrial digital technologies, growing local ecosystems and the significant sectoral strengths that are found across the English regions. Taken together, these measures will help firms invest in new capability, adopt new technologies, and build stronger domestic supply chains in strategically important sectors.

In addition, up to £16.44 million-worth of grants will be deployed from the Made Smarter innovation programme to drive the development of scalable, industrial digital technologies, improving productivity while reducing energy and resource use. The programme is designed to help manufacturing SMEs close the UK’s digitalisation gap by connecting innovators with real-world challenges and supporting solutions that boost productivity, resilience and sustainability.

Skills and jobs

The Government are also doubling down on creating a skilled workforce fit for the future and driving forward implementation of our £182 million industrial strategy engineering skills package. This includes £47 million of adult skills funding to train up the next generation of engineers and inventors, and we will be writing to Mayors shortly to allocate this funding to strategic authorities to ensure it is aligned with local needs.

This package also includes £1.8 million to expand engineering and construction T-level provision, and £8 million in capital funding to support clean energy engineering courses at levels 4 and 5. For example, Durham University will upgrade engineering laboratories and create a new flight controls lab to expand capacity in clean energy and advanced manufacturing, while Yeovil College will transform its engineering building with specialist equipment and redesigned teaching spaces to boost high-level skills in advanced manufacturing, clean energy, and defence engineering.

A new battery manufacturing apprenticeship unit has been launched, which will help meet the skills needs of Agratas’s new Somerset gigafactory. The unit will give employers flexible, targeted training to quickly build the specialist workforce needed for the UK’s growing battery sector.

Access to finance

This package also reflects a step change in public financial institution support to UK industry. The British Business Bank is increasing support for advanced manufacturing as part of our wider funding for the industrial strategy sectors. From this month, it will deploy the additional £4 billion of industrial strategy growth capital to support growth and investment, and build the ecosystem of specialist investment funds focused on industrial strategy sectors. UK Export Finance has already backed over £6.6 billion of advanced manufacturing investment over the last two years. This includes £128 million to support the export of two submarine rescue vehicle systems to the Indonesian Navy. The deal will inject over £67 million into the UK economy through British suppliers SMP Ltd and Forum Energy Technologies Ltd to manufacture these advanced vehicles in York and Bristol, safeguarding and creating jobs across the domestic manufacturing and defence industries. In the summer they will announce plans to go even further, supercharging UKEF’s ability to help UK companies tap into the power of international markets.

This package demonstrates the Government’s determination to compete for the industries of the future, strengthen resilience in critical sectors, and back investors who create skilled jobs nationwide.

[HCWS1490]

Corporate Civil Enforcement Regime

Blair McDougall Excerpts

Wednesday 25th March 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

The enforcement activities of the Insolvency Service—tackling economic crime, disqualifying directors for corporate misconduct and winding up companies in the public interest—serve to protect market integrity. This, in turn, fosters economic growth by maintaining a trustworthy environment, conducive to investment and entrepreneurship.

A robust corporate enforcement regime capable of tackling all forms of corporate abuse is essential for providing a level playing field for legitimate businesses, so that they can thrive and grow. It encourages good corporate governance standards, provides the confidence to do business, and helps attract investment for companies based in the UK.

Following a comprehensive review of the corporate civil enforcement framework, I have concluded that while disqualifying directors and winding up companies remain important for addressing corporate misconduct, they do not, as they are, provide the flexibility needed to deal with today’s fast-moving and complex business landscape.

I am therefore publishing a consultation today that contains a range of options that would modernise the regime and add new flexibilities for dealing with varying degrees of misconduct. These options broadly fit into three categories:

Structural reforms

To modernise the enforcement framework, we could introduce additional tools to enhance flexibility and improve efficiency. These reforms would enable Government to address a broader range of corporate abuse, while supporting a more proportionate and targeted response to lower-level misconduct. The proposals seek to accelerate enforcement processes, speeding up the removal of individuals responsible for corporate abuse, and strengthening protections for the public and the wider marketplace.

Options include: introducing tailored restrictions for directors—as opposed to outright bans—when misconduct is due to ignorance, rather than an intent to commit wrongdoing; a faster process to ban directors from the marketplace where companies have been liquidated on public interest grounds due to causing harm; and updating and simplifying disqualification proceedings, by shifting defended cases from the courts to a tribunal model.

Information gathering powers

Strengthening the Government’s powers to seek and gather information necessary to support effective and efficient investigations into corporate abuse. This will ensure powers are fit for purpose, particularly in the light of the new powers introduced by the Economic Crime and Corporate Transparency Act 2023.



Procedural changes

Improving and modernising the current procedure for director disqualification. Making the processes more efficient and ensuring fairness and clarity for all parties.

Consultation next steps

The consultation invites general feedback on the options for reform, which will inform further policy development and identify preferred options. The consultation will be open for 12 weeks. I encourage those interested to respond to this consultation and use this opportunity to provide their views. The full consultation is available on gov.uk.

[HCWS1448]

Corporate Re-domiciliation

Blair McDougall Excerpts

Wednesday 25th March 2026 Written Statements

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

I am pleased to announce that the Government are today launching a public consultation on detailed design proposals of an inward UK corporate re-domiciliation regime as part of our industrial strategy commitment to modernise company law.

The UK is a great place to locate and grow a business, with companies wanting to benefit from the business-friendly environment, world-class regulatory and legal framework, competitive corporate tax regime and extensive network of trade agreements. Under current processes, moving a company’s place of incorporation to the UK involves the creation of a new legal identity. This is costly, complex and can introduce commercial risks due to the need to transfer assets and contracts. An inward re-domiciliation regime, on the other hand, would enable foreign companies to transfer their place of incorporation to the UK while maintaining their legal identity, significantly reducing the disadvantages associated with the current routes. For some companies, the introduction of a regime would provide a practical and viable route to establishing a UK presence for the first time.

Economic growth is the No. 1 mission of this Government, and by making it easier for companies to move their place of incorporation to the UK, we will maximise opportunities for increased investment and skilled jobs. Companies moving to the UK will increase demand for professional and business services. In addition, the regime will support our plan to strengthen the UK’s position as the global location of choice for financial services firms to invest, innovate and grow. Both these sectors are among those identified as having the greatest growth potential in our modern industrial strategy.

To ensure that the regime is attractive, the regime will provide business with clarity and predictability, with proportionate and appropriate safeguards. Insolvent companies, or companies that are subject to specified sanctions—or whose directors, persons with significant control or members are subject to sanctions—would not be eligible, for example. Once a company has re-domiciled to the UK, it will be treated in the same way as a company originally incorporated in the UK, where all UK legal requirements would apply. Companies House will be responsible for operating the regime and will recover the costs associated with applications through fees.

The consultation will run for 12 weeks and may be of particular interest to multinational businesses, foreign incorporated companies, business representative groups, company law experts and professional services firms.

I will place copies of the consultation in the Libraries of both Houses, and it will be published on gov.uk.

[HCWS1447]