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Corporate Plan 2018 - 2021

Innovation Plan

The government launched its plan to raise UK productivity on 10 July 2015. Part of this plan was to look at how the UK regulatory framework is set up to support innovation and disruptive business models.

Departments were asked to work with regulators to consult on and publish innovation plans. These plans specifically set out the following:

  • An assessment of how new technology is likely to shape the sectors being regulated.
  • How legislation and enforcement frameworks could adapt to new technologies and disruptive business models to encourage growth.
  • Actions for how regulators could better utilise new technologies to generate efficiency savings and reduce burdens on business.

Our response to each of these issues is outlined in our Innovation Plan:

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