The Enterprise Act 2016 is now law. Some provisions will require secondary legislation to implement them.
The Act contains a wide range of provisions, including setting up a Small Business Commissioner and an Institute for Apprenticeships; requiring Regulators to promote economic growth; simplifying the Primary Authority scheme; and establishing a legal obligation for insurers to pay claims to businesses within a reasonable time.
It also reforms the business rates appeals system; enhances shop workers’ rights to opt out of Sunday working; allows the Green Investment Bank to seek private capital and the Government to fund UK Government Investments Limited; and updates the Industrial Development Act.