It looks like the UK Government has recognised the importance of small business and is giving incentives for home based businesses.
According the .gov site, 2.9 million home-based businesses in the UK contribute £300 billion to the economy. Pretty impressive
Here are the new measures announced by the Department for Business, Innovation and Skills.
- new legislation 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. A new model tenancy agreement will also be made available shortly
- updated planning guidance makes it clear that planning permission should not normally be needed to run a business from your home
- new business rates guidance clarifies that in the majority of circumstances home based businesses will not attract business rates
Sounds like good news, if not spectacular. Any thoughts?