New legislation set to give home business owners greater freedom
15th August 2014 | News
Entrepreneurs are to be given more freedom to start their own business from home under new legislation set to be announced by the Government.
These measures include laws which will make it simpler to run a company from a rented property and updated guidance on business rates for start-ups.
It’s thought there will be additional updates too on planning guidance to reiterate that planning permission will not be required to run a home-based business in most cases.
Matthew Hancock, Minister of Enterprise, said: “It’s this spirit of personal endeavour and self-determination that is driving our economic recovery.
“But home businesses don’t just fire up the economic engines and create jobs, they turn dormitory towns into living communities, they keep our streets safer, and by driving down car emissions, cleaner too.
“We’ll give people the confidence they need to run a business from a rented home, making sure that the majority of home businesses are exempt from business rates and our aspiring entrepreneurs have the information they need to start up and grow.”
The new measures will result in a revised model tenancy agreement which will be made available to landlords.
Liz Peace, chief executive of the British Property Federation, welcomed the removal of ‘unnecessary barriers’ to setting up business at home.
“At least some of the kitchen table businesses of today will expand and become the commercial property space-seekers of tomorrow,” she said.
“We therefore have an interest in ensuring that the law and our sector is adapting to modern business practice and supporting UK entrepreneurs at every stage of their business development.”
Today, Enterprise Nation launches the UK’s largest Home Business survey, in association with Direct Line for Business, as part of a day of celebration of the millions of people successfully running a business from home.
To download the Home Business badges and show your support for home-based entrepreneurs click here.