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Turning the red tape green - business advice for rising SMEs

Getting a business operating within Europe means getting access to 500 million customers. For many SM’s this is an inevitable step to take in order to grow.

A group of UK business leaders have provided the cabinet with a series of findings that show EU regulation handicapping growth among SMEs.

There’s a great summary of the proposal, entitled Business Taskforce: “Cut EU red tape” that might help and is found on the Blaser Mills’ blog.

The report claims calls on Brussels to start making positive changes in allowing business in Europe to be competitive – “Identify where the burden of regulation can be reduced to allow businesses to generate the growth that will benefit us all.”

The report stresses that the smallest, micro-enterprises should be exempt from the burdens of EU employment law, and if this nonsensical i.e. SMEs could benefit, special provisions should be put in place to aid in lightening the workload. The most poignant example of unnecessary red-tape is the 220,000 UK SMEs that are currently obliged by law to keep exorbitant and laborious health and safety reports.

The business taskforce is made up of six prominent UK leaders, including chief executive of BT, Gavin Patterson and chairman of energy company Centrica, Roger Carr. They believe the proposals could directly lead to billions of Euros in savings, and in turn open up “innovation, growth and job-creation.”

The report is broken down as a series of problems and potential solutions, in a one-in one-out approach. Market sectors that the report touches on include legal, energy and telecoms – but the rules that are specifically hampering business are on areas as diverse as “sales, promotions, labelling web content.”

SMEs that are struggling to reach their potential growth and feel in some way restricted by regulation can be very optimistic about this drive. With the full backing and support of our prime minister who has pledged to confront the EU over the matter.

For established businesses and newcomers alike, EU regulation can fast become a bit of a minefield. Spending precious time on matters unrelated to the heavy demands of your day-to-day is very costly. This is where some good quality legal advice might come in handy.

Your key requirement for choosing a solicitor to guide you through EU law should be experience.

Blaser Mills are solicitors who cover a huge range of industries. They have a specific employment law team that can provide information and advice for navigating your way through the regulatory maze.

This was posted in Bdaily's Members' News section by Peter Rivers .