Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what processes his Department has put in place to (a) monitor, (b) collate cost information on, (c) review and (d) respond to requests to amend or revoke regulations introduced by his Department.

For the current Parliament, the Government is committed to maintaining a proportionate approach to regulation to enable business growth while maintaining public protections.

The Department both monitors and reviews the impact of regulation through the Business Impact Target (BIT) and statutory review clauses. In addition, policy teams regularly speak with stakeholders and monitor data and intelligence to understand the impact of regulation.

The Small Business, Enterprise and Employment Act (SBEE) 2015 requires the Government to publish its progress against the BIT. This involves publishing an annual BIT report on the estimated impact of regulatory changes in that year. In order to produce this information, the Department is required to collect and collate information on costs or benefits to business of regulatory changes over the year. The BIT report for the 2015-17 Parliament will be published shortly.