A new ministry, the Department for Business, Enterprise and Regulatory Reform (DBERR) will be responsible for "creating the conditions for business success", developing "deeper and more effective engagement" with business, and promoting the "competitiveness agenda". It will also have responsibility for "promoting choice and quality for consumers through competition policy" and for promoting productivity and enterprise. The Rt Hon John Hutton MP will be the Secretary of State for Business, Enterprise and Regulatory Reform.

The DBERR will assume the DTI's current responsibilities for competition and consumer policy, productivity, business relations, energy, corporate law, employment regulation, and making sustainable improvements in the economic performance of all English regions.