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The Smarter Regulation Programme
The Smarter Regulation Programme is a UK government initiative designed to ensure a well-functioning regulatory landscape.
What are the main aims and objectives?
The Smarter Regulation Programme aims to transform the UK into the world's best-regulated economy by reducing burdens on businesses, promoting innovation, and driving economic growth across all sectors. Its main objectives include stripping away unnecessary and outdated regulations, unlocking the UK's potential for innovation and growth, ensuring high standards while adapting to new technologies and challenges, and reducing burdens on businesses. The programme seeks to reform existing regulations, make regulation a last resort rather than a first choice, and ensure a well-functioning regulatory landscape.
How does the program work?
The Smarter Regulation Programme operates on three core pillars designed to streamline regulations, promote innovation, and drive economic growth across all sectors.
The first pillar focuses on reforming existing regulations to minimize regulatory burdens and ensure they are contemporary and forward-looking. This includes revising both retained EU law (REUL) and wider domestic regulations. The programme has already made significant progress in this area, revoking or reforming over 2,000 pieces of growth-hindering EU law, with plans for 500 more in the coming year.
The second pillar aims to make regulation a last resort rather than a first choice. This approach involves exploring alternatives to regulation wherever beneficial and putting downward pressure on the flow of new regulations. The government is committed to thoroughly assessing potential impacts and engaging with stakeholders to ensure that regulatory interventions are informed, proportionate, and effective.
The third pillar focuses on ensuring a well-functioning regulatory landscape. This involves supporting regulators to deliver world-class service to consumers and businesses while helping to drive economic growth. The programme has introduced several initiatives to achieve this, including a Growth Duty Performance Framework to enhance transparency and accountability, and a new Regulators Council to improve strategic dialogue between regulators and the government.
What is the overall cost?
There is no information available on the cost of implementing the Smarter Regulation Programme.
How was it implemented?
The Smarter Regulation Programme was created in May 2023 in the wake of Brexit, capitalizing on the newfound ability to tailor regulations to the specific needs of the UK economy.
The creation of the Smarter Regulation Programme was driven by the recognition that over decades, successive governments had defaulted to regulation as a preferred option rather than a last resort. This approach had led to an accumulation of complex and burdensome regulations, estimated to cost the economy around £70 billion. The government identified that nearly half of all businesses considered regulation an obstacle to growth, highlighting the need for reform. The Department for Business and Trade (DBT) was given the lead role in implementing this programme across the government.
The creation of the Smarter Regulation Programme was marked by the publication of 'Smarter Regulation to Grow the Economy’ in May 2023, which outlined the principles for how the government intended to regulate and plans to optimize regulations for the UK. This initiative was further solidified with the passing of the Retained EU Law (Revocation and Reform) Act 2023, which enabled the UK Parliament to reclaim sovereignty over its regulatory future.
What impact has been measured?
Enough time has not yet passed to assess the impact of this programme, however the reforms introduced under the programme are estimated to reduce the burden on businesses by up to £1 billion or 50 million hours per year by cutting unnecessary bureaucracy and form filling with a total benefit of £6.3 billion to society.
