Small and medium-sized enterprises (SMEs) could be set to benefit from amendments to business regulations which are aimed at promoting expansion.
As of October 9th, new changes have been made to the Enterprise and Regulatory Reform Bill in an effort to "cut unnecessary red tape and rake steps towards creating the right conditions for business growth".
One of the proposed changes involves getting rid of automatic liability for civil damages in health and safety cases.
Of course, this would only apply when the companies in question were not found to be negligent.
As a result, it is hoped that businesses would have more money to grow and be more inclined to take on staff as a result of feeling better protected against such cases.
Another area where the legislation may be simplified is that of bankruptcy.
Under the proposed changes, the procedures to enter into bankruptcy would be altered for the better by removing any unnecessary court processes.
According to Department for Business, Innovation and Skills (BIS), this would save individuals and companies both time and money.
Business minister Jo Swinson said that removing bureaucratic obstacles such as these is "an essential part of the government's plan for growth".
"The Enterprise and Regulatory Reform Bill will help strengthen the business environment and boost confidence, by sweeping away needless bureaucracy and out-of-date rules," she said.
It is not the first time that changes in regulation have been proposed and unnecessary red tape targeted in order to stimulate growth.
There is currently a Red Tape Challenge underway, according to the BIS, as part of a bid to make it easier for small businesses in particular to expand their workforces and run more efficiently.
Earlier this month, business minister Michael Fallon promised an end to the "over-the-top bureaucracy that stifles community groups and pubs", after it was revealed that the rules governing music performances in these venues were to be eased dramatically.
The Federation of Small Businesses recently highlighted another barrier to SME growth, namely, a lack of access to funding from high street banks.
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