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· Offer 5000 training grants (worth £2000 each) a year to new businesses that set up in Wales and take on young unemployed people.
· Create a Jobs and Growth Innovation Programme to increase the number of patents, establishing business mentoring schemes and upgrading old manufacturing sites for new jobs.
· Cut red tape for businesses by introducing a ‘one-in-one-out’ rule whereby no new regulation is brought in without other regulation being cut by a greater amount.
· Streamline inspection of businesses by co-ordinating and minimising the number of visits. We would target repeat offenders but inspect compliant businesses less, with the aim of co-operative compliance rather than prosecution.
· Allow councils to fund regeneration projects, paid for from future business rate income through Tax Increment Financing (TIF).
· Freeze business rates for a year.
2 comments:
"Offer 5000 training grants"
So, 5000 x £2000 = £10,000,000 - how is this going to be paid for?
"Create a Jobs and Growth Innovation Programme..."
Ermmmmm, what does that actually mean?
"Cut red tape for businesses by introducing a ‘one-in-one-out’ rule"
So no real evaluation of the of regulations, why they were first introduced, what the effect of removing them, etc just abolished because something else is being regulated. The national government have also implemented this and so they've implemented lots of new regulations but not abolished any - it is a gimmick in other words.
" Streamline inspection of businesses by co-ordinating and minimising the number of visits."
Visits by who? You don't mean HSE visits do you, companies are on average likely to be visited by them every 30 years, so how can you make them less frequent?
" Allow councils to fund regeneration projects, paid for from future business rate income through Tax Increment Financing (TIF)."
So councils are going to be able to borrow against future tax income?
" Freeze business rates for a year."
How is this being paid for?
They're endorsed by the Chief Secretary to the Treasury. What more can you ask?
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