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The government’s Business Minister, Matthew Hancock, is aiming to introduce a new law that prevents landlords from banning a tenant from starting a home-based business. The way things currently stand a tenant has to ask his landlord for permission before he can start trading from a rented
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home. The new law would remove this requirement. The government hasn’t gone into detail yet, but it looks as if a boiler plate clause will be added to assured shorthold tenancy agreements to facilitate the change.
The UK Entrepreneurial Spirit
Britain is full of entrepreneurs. Official figures indicate that there are small businesses being run from around one in ten homes in the UK. Naturally the government doesn’t want to squash our nation’s entrepreneurial spirit as it helps to generate around £300 million for the UK economy every year.
It’s a Great Time to Start a Business!
“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,” said Matthew Hancock.
“We know that starting up any business can also be hugely stressful and that’s why today I am announcing that the government will change the law to make life easier for Britain’s home businesses. We’ll give people the confidence they need to run a business from a rented home, making sure that the majority of home businesses are exempt from business rates and our aspiring entrepreneurs have the information they need to start up and grow.”
