Explanatory note

This Order revokes the guidance brought into force under S.I. 2017/268 and brings into force new guidance issued by the Secretary of State under section 110(1) of the Deregulation Act 2015 (“the Act”).

Section 108 of the Act provides that a person exercising a regulatory function to which section 108 applies must, when exercising that function, have regard to the desirability of promoting economic growth. Under section 110(1) of the Act, a Minister of the Crown may from time to time issue guidance as to the performance of the duty under section 108. Section 110(3) of the Act provides that a person who has a duty under section 108 must have regard to any guidance issued under section 110(1).

The new guidance entitled “Growth Duty: Statutory Guidance Refresh” has been issued and will be published on the gov.uk website. A printed publication can be obtained from the Smarter Regulation Directorate, Department for Business and Trade, Old Admiralty Building, Admiralty Place, London SW1A 2DY.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.