New measures announced earlier this month have been designed to free up businesses and innovators to test their ideas, make use of the latest technologies and get their products to market quicker.

These measures include: a new Regulatory Horizons Council to advise government on rules and regulations that may need to evolve and adapt to keep pace with technology; a Regulation Navigator that will provide a new digital interface to “help businesses ease their way through the regulatory landscape and bring their ideas to market quickly”; a partnership with the World Economic Forum to share best practice on getting innovative products and services to market; and a review of the Regulators’ Pioneer Fund, which backs projects that are testing new technology in partnership with the regulators in a safe but innovative environment.

Business Secretary Greg Clark said: “Almost every sector and industry is facing disruption from technological change. Our plans will ensure the UK’s regulatory system maintains its pioneering reputation, keeping pace with cutting-edge technology — from personalised AI medicine to smart ships that can navigate the seas autonomously.

“Our modern Industrial Strategy and innovative regulatory landscape will ensure the UK remains the destination of choice for those developing and bringing transformative products and services to market rapidly and safely.”