Office for Nuclear Regulation

Business Impact Target (BIT)

As a statutory regulator, we are subject to the government’s Business Impact Target (BIT) following the provisions of the Small Business, Enterprise and Employment Act 2015 which aims to:

  • reduce regulatory burdens on business and voluntary or community bodies;
  • ensure greater transparency around the impact of regulation on business; and,
  • provide greater incentives for regulators to design and deliver policies that better meet the needs of business.

We are required to publish an assessment of the economic impact on business of changes to regulatory policies and practices which are in scope of the BIT which includes:

  • BIT assessments for qualifying regulatory provisions (QRPs) along with the BIT score
  • a summary of non-qualifying regulatory provisions (NQRPs)

Current Parliament

The government’s annual progress reports on the BIT are available on gov.uk 

Previous Parliaments

Parliaments prior to December 2019

BIT reporting under the 2017-2019 Parliament

The 2017 to 2019 Parliament ran from 8 June 2017 – 12 December 2019, during which no QRPs came into force, or ceased to be in force.

BIT reporting under the 2015-2017 Parliament

The 2015 to 2017 Parliament ran from 8 May 2015 - 8 June 2017