New initiative to help budding entrepreneurs work from home
Business owners across Yorkshire will benefit from a new government initiative which aims to make life easier for the estimated 2.9 million home-based companies across the UK.
As part of the governments long-term economic plan to back businesses, entrepreneurs will be given greater freedom to start and grow a business from their home under new measures.
The measures announced will include new legislation, which will make it easier for people to run a business from a rented home.
The law will be changed so that landlords can be assured that agreeing to this will not undermine their residential tenancy agreement.
An updated planning guidance will also make it clear that planning permission should not normally be needed to run a business from home and new business rates guidance will clarify that in the majority of circumstances home-based businesses will not attract business rates.
Business Minister Matthew Hancock said: “There’s never been a better time to start a business, and even more people are choosing to start up from home.
“It’s this spirit of personal endeavour and self-determination that is driving our economic recovery. But home businesses don’t just fire up the economic engines and create jobs, they turn dormitory towns into living communities, they keep our streets safer, and by driving down car emissions, cleaner too.”
It is estimated that 70% of new businesses start off at home, and they contribute £300 billion to the UK economy.
