The Small Business Association says local enterprises are facing serious challenges due to the regulatory framework.

The SBA’s Chief Executive Officer, Dr. Lynette Holder, was speaking on VOB’s Down to Brasstacks call-in programme.

She stresses the framework must be improved.

Minister of Energy and Business, Senator Lisa Cummins says local businesses and global investors can soon expect a major improvement in the regulatory framework and the ease of doing business in this country.

Senator Cummins says government has been listening to concerns about the challenges and is responding with a completely restructured approach.

Minister of Energy and Business Senator Lisa Cummins.