Belfast Telegraph

Small firms urge Stormont to adopt 'red tape' measures

By John Mulgrew

Small businesses in Northern Ireland are calling on Stormont to bring in recommendations raised in a Government report aimed at slashing red tape.

Wilfred Mitchell, Northern Ireland policy chair of the FSB, is calling for the introduction of a 'regulatory budget', aimed at working out and examining the overall cost of regulation on businesses here.

"Business accepts there is a need for regulation, but it is vital that our politicians understand the potential impact it can have before implementing it," he said.

During a visit to the FSB offices in Belfast, First Minster Arlene Foster - who carried out a review of business 'red tape' during her time as Finance Minister - said she was supporting the initiative by the FSB.

"I give my assurance that the Northern Ireland Executive will do all in its power to support small to medium sized businesses to thrive and grow.

"This will curtail the ever-rising cost of regulation on the typical businesses of Northern Ireland.

"Small to medium sized businesses are the backbone of the Northern Ireland economy and I very much welcome the Federation's contribution to improving the business environment.

"The Northern Ireland Executive will consider carefully the recommendations in the FSB's manifesto and regulation policy paper.

"I commend the work that organisations like FSB continue to do to promote better regulation of this vital sector."

Belfast Telegraph