An overview of our roundtable discussion with the Exchequer Secretary to the Treasury, Gareth Davies MP.
Before the Easter Break we were delighted to welcome Gareth Davies MP (the Exchequer Secretary to the Treasury [XST]) to the CBI to discuss how the UK can create the competitive environment for high growth businesses to thrive, building on our recent research. Joined by members big and small representing some of the most innovative high growth businesses in the UK, across life sciences, digital technology, green technology, and advanced manufacturing. We discussed the practical solutions the government could take to realise its aspiration “to make the UK the next Silicon Valley.”
The need for business-focussed regulation
The Pro-Innovation Regulation of Technologies Review was welcomed by members, but now the reports have been published, it is imperative that the recommendations are delivered and momentum continues. Members were buoyed that the XST stated that around 70% of the recommendations are progressing. However it was clear that members still feel pinch-points, from a duplication of regulation
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