Matthew Hancock, the Business Minister has openly criticised those landlords who use their rights to stop their tenants running businesses from their privately rented homes.

He feels that that more and more cottage industries should be encouraged to start up from home. and to help budding entrepreneurs he is introducing a new law. The law will rescind landlords' rights of tenants having to gain permission from them to start up a new business in their rented home.

There are few details of the new law that are available at this moment, however it is being muted that there will be additional clauses for assured tenancy agreements. Hancock is adamant that it will not ‘undermine the rights of a landlord’.

Official government figures reveal that there is at least one home in every ten that has a business operating from its premises. The stats suggest that more than £300 million pounds is being generated for the economy from around three million "home-based" businesses.

The Business Minister is also planning to introduce other measures to help budding  entrepreneurs starting up from home. They include exemption from business rates in some cases and getting rid of the requirement for planning permission.

 

Matthew Hancock said: “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. But home businesses don’t just fire up the economic engines and create jobs, they turn dormitory towns into living communities, they keep our streets safer, and by driving down car emissions, cleaner too.

“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.”