Five new Business Councils to advise the Prime Minister on post-brexit opportunities
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The Prime Minster has formed five new Business Councils to advise
on how to create the best business conditions in the UK after
Brexit. Each Council will aim to meet three times a year,
twice with the Prime Minister and once with a senior Cabinet
Minister, to provide high-level advice and policy recommendations
on the critical issues affecting business. The Councils will
also be a forum for government to share developing policy ideas and
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The Prime Minster has formed five new Business
Councils to advise on how to create the best business conditions
in the UK after Brexit.
Each Council will aim to meet three times a
year, twice with the Prime Minister and once with a senior
Cabinet Minister, to provide high-level advice and policy
recommendations on the critical issues affecting
business. The Councils will also be a forum for government
to share developing policy ideas and seek the views of
members.
Co-chaired by two business leaders, each
Council will have around ten members representing core sectors of
the UK economy, as well as a representative from the UK’s key
business groups.
The Prime Minister, Theresa May said:
“The UK has always been one of the best
places in the world to do business and is a leader in sectors
from advanced manufacturing to the creative
industries.
“Brexit presents a huge opportunity to
build a better, stronger economy for people all over the
country.
“So I’ve asked these new councils to
advise us on the opportunities and challenges facing business as
we shape the UK for the future.”
The Prime Minister will welcome the co-chairs
at Downing Street for the first time on Wednesday 7 November,
where she will set out their objectives and they will discuss
cross-cutting issues such as productivity and international
investment. Going forward the co-chairs will be responsible for
preparing agendas, ensuring all members are briefed and driving
outcomes and progress on the key enabling opportunities for the
businesses represented by their council:
Emma Jones, Founder, Enterprise Nation
said: “The overwhelming majority of businesses
in the UK are small and they are the heart of our economy – so
I’m pleased that their voice is formally being recognised in
these Councils. I’m looking forward to representing these
entrepreneurs and innovators and discussing their unique
perspective with the Prime Minister.”
Carolyn McCall, CEO, ITV
said: “Our creative industries are a £92bn
sector, growing at twice the rate of the economy and setting
trends around the world. The UK exported nearly £1bn of TV
programmes and formats alone in 2016/17 and film and high-end TV
by themselves attracted over £2bn of inward investment
to the UK in 2017, creating jobs, boosting tourism and attracting
global talent to the UK. I’m delighted to co-lead with Jan Du
Plessis, Chairman of BT, the Telecoms, Creatives Industries,
Technology and Media council to continue to nurture this for the
future.”
Sir Roger Carr, Chairman, BAE Systems
said: “Companies in the Industrial,
Manufacturing and Infrastructure sectors are the backbone of the
economy and amongst our largest employers. We are a vital part of
the wealth creating machinery of the country where improved
training, productivity and exporting will be the cornerstones of
our global success. Engaging with the Prime Minister to tackle
these issues in a focused and practical manner is a welcome and
important step forward in achieving our collective growth
ambitions.”
The launch of five Business Councils is a new
initiative and forms part of a comprehensive, sector-focused
approach, enabling the Prime Minister and government to engage
directly with more businesses in the different sectors of our
economy.
Notes to Editors – Business Council
terms of reference
The role of each Business Council will be to
provide the Prime Minister and her Ministerial team with regular,
high level advice and policy recommendations on critical issues
affecting business that will enable companies to invest, grow and
succeed in the UK once it leaves the European Union. The Councils
are to be formed as follows:
The Business Councils will be advisory, will
hold no decision making powers and will report to Prime
Minister.
Each Business Council will be led by two
co-chairs appointed by the Prime Minister who will undertake
their role for one year from November 2018 when a further term
may be allocated subject to agreement by all parties, including
the Prime Minister.
All costs will be borne by the individuals and
no reimbursement of expenses will be made.
Members of each of the Business Councils will
commit to:
The secretariat for each Business Council will
be provided by government and will be responsible for working
with the co-chairs of each Business Council.
Membership of the Business Councils carries
with it a duty of confidentiality in relation to information
received.
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