The Department will be created by merging BERR and DIUS, which will create a single department committed to building Britain’s future economic strengths.
The BIS launch stated that:
"To compete in a global economy and create the jobs of the future Britain requires a regulatory environment that encourages enterprise, skilled people, innovation, and world-class science and research.
The merger of BERR and DIUS brings together the parts of the government with key expertise in these areas. It combines BERR’s strengths in shaping the enterprise environment, analysing the strengths and needs of the various parts of British industry, building strategies for industrial strength and expertise in better regulation with DIUS’s expertise in maintaining world class universities, expanding access to higher education, investing in the UK’s science base and shaping skills policy and innovation through bodies such as the Technology Strategy Board.
It also puts the UK’s Further Education system and universities closer to the heart of government thinking about building now for the upturn."
Further InformationPress announcement on BISBIS website