2003/04 – 2005/06 REVISED SERVICE PLAN Ministry of Competition, Science, and Enterprise

Performance Planning

This section sets out the performance measures and targets the Ministry will use to measure its success in achieving its goals and objectives. The section is organized to demonstrate clearly how each of the performance measures and fiscal year targets link to and align with the ministry's three goals and six objectives. Performance measures and targets are established based on the best information available at the time the service plan is written. There is a risk that achievement of targets may be influenced by unanticipated internal and external events. If necessary, in these cases, targets will be updated and refined in subsequent annual service plans.

Goal 1: Improving our competitive position in the national and international economy.

Goal 2: Increasing economic development throughout British Columbia, particularly in the Heartlands.

Goal 3: Marketing British Columbia as a preferred place to live, visit, invest and do business.

Deregulation

Ministry Deregulation

The ministry has been a leader in achieving government's deregulation commitment. As of June 30, 2003, the Ministry had achieved a 32 per cent net reduction from its baseline of 2,329 regulatory requirements, far exceeding the Ministry's initial 12 per cent target for 2002/03. The ministry's 2003/04-2005/06 service plan incorporates this result into revised targets leading to a net reduction of 35 per cent in 2004/05.

This year, the ministry eliminated 794 unnecessary regulations through the repeal of outdated or obsolete legislation (Small Business Development Act; Special Enterprise Zone and Tax Relief Act; Industrial Development Incentive Act; Natural Resource Community Fund Act; the Job Protection Act; and the Northern Development Act).

Government Wide Deregulation

As of June 30, 2003, the Government had reached almost 50 per cent of its final deregulation target, with a net reduction of close to 57,000 unnecessary regulatory requirements. This achievement, under British Columbia's innovative and comprehensive deregulation framework, reinforces that British Columbia is regulating sensibly and thoughtfully, and encourages prosperity, innovation and enterprise across the Province.

British Columbia is unique in imposing rigorous performance standards with tough measurable targets for regulatory reform that will promote smart, effective and efficient regulation. Top priorities are regulations with the most direct impact on competitiveness. Major strides have been made in the areas of employment standards, liquor control and licensing, land use management, and the resource sectors. Many of the changes exemplify the shift towards results-based regulation that will encourage innovation and competitiveness. All ministries and agencies across government are striving for smarter regulation and streamlining to make it easier for all British Columbians to interact with government, and help create new opportunities in all economic sectors across the Province, particularly in the Heartlands.