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July 28, 2015 7:02 PM ET

Commercial Services and Supplies

Company Overview of Department for Business, Innovation and Skills

Company Overview

Department for Business, Innovation and Skills is a government department for economic growth. The department invests in skills and education to promote trade, boost innovation, and help people to start and grow a business. It also protects consumers and reduces the impact of regulation. Department for Business, Innovation and Skills was formerly known as U.K. Department for Business, Enterprise and Regulatory Reform and changed its name to Department for Business, Innovation and Skills in 2009. The department was founded in 2007 and is based in London, United Kingdom.

1 Victoria Street

Department for Business, Innovation & Skills

London,  SW1H 0ET

United Kingdom

Founded in 2007

Key Executives for Department for Business, Innovation and Skills

Chief Scientific Adviser
Compensation as of Fiscal Year 2015.

Department for Business, Innovation and Skills Key Developments

Department for Business, Innovation and Skills Appoints Timothy Richard Dafforn as Chief Scientific Adviser

Timothy Richard Dafforn has been appointed as Chief Scientific Adviser at the Department for Business, Innovation and Skills, it has been announced on May 26, 2015. Professor Dafforn is currently the Entrepreneur in Residence for Synthetic Biology at BIS and brings extensive valuable experience to his new role, not least through his work as the Director of Knowledge Transfer, Life and Environmental Sciences at the University of Birmingham. Professor Dafforn will ensure that the department's policies and operations, and its contribution to wider government issues are informed by fit-for-purpose science, technology and engineering advice.

Department for Business, Innovation and Skills Appoints Juergen Maier as Non-Executive Board Member

Business Secretary Vince Cable has announced the appointment of Juergen Maier as a Non-Executive Board member at the Department for Business, Innovation and Skills (BIS). Juergen Maier has been a member of the Siemens UK Executive Management Board since October 2008, and has held a number of senior roles within Siemens in the UK and Germany. He was appointed Chief Executive at Siemens plc on 1 July 2014.

Constructionline Put Up For Sale By BIS

Department for Business, Innovation and Skills (BIS) is planning to sell its Constructionline. Investors are being invited to submit their interest for purchasing the service that brings together buyers and suppliers in the construction industry. BIS spokesperson said, "Constructionline offers valuable services to the construction industry, particularly small and medium sized businesses. It has grown significantly under government ownership, and now is the time to enable it to expand further to meet the needs of a changing industry. Gaining access to private capital will enable Constructionline to become even more competitive and branch out into new markets. Bids will be welcomed from buyers who plan to grow the services provided by Constructionline."

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