Industry and Regulators Committee

The Industry and Regulators Committee in the House of Lords examines how regulatory frameworks affect business growth and innovation across the UK economy. This select committee takes oral evidence from government departments, regulators, industry representatives and policy experts. The committee operates within the Lords to provide sustained scrutiny of regulation as a policy tool and its implementation by public bodies. Throughout early 2026 the committee conducted a major inquiry into regulators and growth, hearing from Treasury officials on the Regulators & Growth Action Plan, Department for Business and Trade ministers on regulatory reform strategy, and the Regulatory Innovation Office under Lord Willetts on cross-cutting approaches. The committee also examined specific sectors, taking evidence from the Financial Conduct Authority and Information Commissioner's Office on their approaches to balancing regulation with growth, alongside external reviews from DEFRA on regulatory burden. A particular focus emerged on how regulators address AI and innovation, with the committee exploring how sectoral regulators can support emerging technologies while maintaining appropriate oversight, drawing on both industry panels and regulatory perspectives.