Ministerial role

Secretary of State for Business, Innovation and Skills and President of the Board of Trade

Responsibilities

The Secretary of State is responsible for strategy and policy across the Department for Business, Innovation & Skills (BIS). The department’s main policy areas are:

  • business law
  • consumer issues
  • employment relations
  • enterprise and business support
  • trade policy
  • higher education
  • further education and skills
  • science
  • innovation

The Secretary of State responsibilities:

  • overall responsibility for the department, strategy and all policies
  • overall responsibility for the BIS budget
  • President of the Board of Trade
  • lead Cabinet minister for reducing regulatory burdens across government

Current role holder: The Rt Hon Sajid Javid MP

The Rt Hon Sajid Javid MP was appointed Secretary of State for Business, Innovation and Skills on 11 May 2015. He was elected Conservative MP for Bromsgrove in 2010.

Political career

Sajid was Secretary of State for Culture, Media and Sport from April 2014 to May 2015. Previously he was both the Economic and Financial Secretary to the Treasury. He was a member of the Work and Pensions Select Committee from June to November 2010.

Career outside politics

Before being elected MP, he worked in business and finance. Aged 25, he became a Vice President at Chase Manhattan Bank. He later moved to Deutsche Bank in London to help build its business in emerging market countries. Sajid left Deutsche Bank as a senior Managing Director in the summer of 2009 to give something back through politics.

Previous holders of this role

  1. The Rt Hon Dr Vince Cable

    • 2010 to 2015

Policies

  1. Cyber security
  2. Labour market reform
  3. Competition law
  4. Company law reform
  5. Consumer protection
  6. Corporate governance
  7. Export controls
  8. Free trade
  9. Industrial strategy
  10. Regional Growth Fund

Announcements

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  1. Measures to ensure people receive fair pay announced

    • Press release
  2. Business Secretary orders investigation into tipping

    • Press release
  3. Financial red tape targeted in new review

    • Press release
  4. Minister unwraps new production line at chocolate factory

    • Press release
  5. New foreign investments boost Northern Powerhouse

    • Press release
  6. UK to lead the way in testing driverless cars

    • News story
  7. Javid launches new drive to cut red tape

    • Press release
  8. New legislation to make strike laws fair for working people

    • Press release
  9. Productivity plan launched

    • News story
  10. Fixing the foundations: boosting Britain’s productivity

    • Speech