23 projects have been awarded up to £50,000 each to help restore local community assets and landmarks to their former glory.

A partnership building on the UK’s heritage and excellence in regulation will ensure the UK is at the forefront of the next regulation revolution – creating an environment which fosters and supports entrepreneurship and the innovative industries of the future from flying taxis to digital lawyers – was announced yesterday by the Business Secretary Greg Clark.

Speaking at the World Economic Forum Annual Meeting in Davos, the Business Secretary confirmed the UK would establish a new partnership with the World Economic Forum Centre for the Fourth Industrial Revolution, based in San Francisco, to develop future regulation which benefits business and consumers.

New technology is rapidly changing and creating entirely new industries, products and ways of serving customers with digital platforms improving the quality, speed, and price of a range of services from shopping and parking to streaming entertainment and travel. But alongside these economic opportunities come a range of ethical, legal and consumer protection issues which will require an active and agile response from regulators.

Business Secretary Greg Clark said:

The speed of technological innovation across the globe is faster than ever. New technology is not only revolutionising existing products and services, it is creating whole new industries and business models. The UK is recognised across the world for its regulatory environment which achieves both the protection of consumers whilst maintaining an openness to innovation – a framework which has been exported across the world.

Our regulators have a fundamental role in ensuring the success of future industries and innovations through active and agile governance whilst ensuring the protection of consumers.

The government sees active and agile regulators as key to creating the business environment in which the industries of the future can grow, as part of our modern Industrial Strategy. This new international collaboration will ensure the UK leads the way in guaranteeing the UK and global regulatory system keeps pace with the speed of change.

The United Kingdom is the first country to partner with the Centre for the Fourth Industrial Revolution on this project, building on its existing collaboration with the Centre on artificial intelligence.

The partnership work will focus on areas of innovation which align with the UK’s Industrial Strategy Grand Challenges, such as:

• AI and Machine learning
• Autonomous and Urban Mobility
• Drones and Tomorrow’s Airspace
• Precision medicine

The move reflects the government’s commitment to ensuring that UK regulators are agile and ready for and to foster the industries of the future. In October 2018 the OECD reported the UK as a world leader, recognising the supportive and exceptional performance of the UK’s regulatory system in its annual Regulatory Policy Outlook.

The UK has been pioneering an agile approach to regulation, such as the Financial Conduct Authority (FCA) introducing a ‘regulatory sandbox’ in 2016, allowing innovative businesses to work with the regulator to test products with consumers without having to meet all the usual requirements for compliance. This allows innovators to benefit from better market testing and consumers to benefit from new products which have better safeguards built-in from the beginning.

The Business Secretary has been leading efforts in the government, through a Ministerial Working Group on regulation, to transform the UK’s regulatory system towards this agile approach. This involves continuously identifying new opportunities and driving regulatory reform; making regulations technology neutral and framing our laws around the goals we want to achieve; and creating more space for experimentation with a greater emphasis on testing and trialling new innovations.

Kay Firth-Butterfield, Head Artificial Intelligence & Machine Learning at the World Economic Forum said:

I am delighted that BEIS will be joining the work of the Forum around agile governance of 4IR technologies. I look forward to working with them on the AI Team’s ‘Reimagining the regulator‘ project, where their work on regulatory models will be very valuable.

In October 2018 the Business Secretary awarded £10 million to 15 projects through the government’s Regulators’ Pioneer Fund to help unlock the potential of emerging technologies, from robolawyers to flying taxis. To support innovations to come to market, regulators as diverse as the UK Space Agency and the Care Quality Commission launched new initiatives to boost engagement with innovators in their sectors.

The government’s Modernising Consumer Markets green paper set out how regulators should ensure that consumers are not being unfairly penalised by suppliers who hold information on their behaviour as well as looking at how their own data can be made more accessible to consumers and making it easier for people to switch to better value services.

New partnership between the UK and World Economic Forum (WEF) to ensure innovators have the environment needed to create and support the industries, products and services of the future.

Following a competitive procurement process, the Environment Agency awarded the contract as part of a continued drive to work with partners to ensure freshwater fisheries thrive and encourage more people to go angling throughout England.

The contract will run for up to 4 years and is worth £1.15 million a year. It is funded by income from fishing licence sales.

The priorities for the contract include:

• recruiting and retaining more anglers,
• providing expert advice on tackling non-native or invasive species, reducing predation and discouraging littering,
• sharing important information with anglers on the fisheries issues that matter to them through social media and face-to-face forums; and
• building effective enforcement partnerships with the police, angling clubs and fishery owners through the Voluntary Bailiff Service and Building Bridges project (aimed at educating and integrating migrant anglers about England’s angling laws and rules).

These services complement the Environment Agency’s regulatory work to protect and improve fisheries through monitoring and managing fish stocks.

Kevin Austin, Environment Agency Head of Fisheries, said:

This contract continues the Environment Agency’s commitment to work with partners to deliver our fisheries priorities for anglers. Through commissioning work with partners we aim to secure the best future for angling by making fishing licence income go further. We are delighted to be working with the Angling Trust on this endeavour.

Mark Lloyd, chief executive of the Angling Trust, said:

We are thrilled to have been awarded this contract and our ambition is to go above and beyond the requirements of the contract wherever possible. Both organisations are committed to protecting and improving freshwater angling. The Angling Trust offers a very cost-effective way of delivering this work because of our extensive network and unique access to match funding.

Notes to editors

• The current National Angling Strategic Services contractual arrangements are due to end on 31st March 2019 and the new contract will commence on 1st April. The contract will initially be until 31st March 2021, with an option for a further 2 years.
• The contract was procured through an advert in the Official Journal of the European Union. Interested organisations who passed a pre-qualification questionnaire were formally invited to tender for the work.
• The award of the new contract was made on an evaluation of bids based on cost and technical quality.
• Negotiations continue with the Angling Trust on finalising the contractual arrangements for the new service.

Published 23 January 2019

The Angling Trust has been awarded a new contract to undertake essential angling services including tackling illegal angling and encouraging more people to go fishing across the country.