Course Content
Business Registration
Southwark Pioneers Fund: Launchpad

This lesson helps learners understand the difference between licences and regulations, when each applies, and how to deal with both confidently and responsibly.

It focuses on awareness and good decision-making, not legal detail.

 

Learning Objectives

By the end of this lesson, learners will be able to:

  • Understand what licences and regulations are
  • Recognise the difference between them
  • Identify common activities that are regulated
  • Know how and where to check requirements

 

Licences vs Regulations

What Is a Licence?

A licence is permission to do something.

It allows you to:

  • Trade in a specific way
  • Operate in a certain location
  • Offer regulated services or products

Examples:

  • Street trading licence
  • Food business registration
  • Alcohol licence

You usually need a licence before you start trading.

 

What Is a Regulation?

A regulation is a rule you must follow while running your business.

It sets standards for:

  • Safety
  • Quality
  • Fair practice
  • Consumer protection

You may not need permission to start, but you must comply continuously.

 

Why Both Matter

Licences control who can trade.
Regulations control how you trade.

You may need:

  • A licence and
  • To follow ongoing regulations

Missing either can cause problems.

 

Common Regulated Business Areas

Many industries are regulated to protect the public.

Sector

Examples of Regulations

Food & drink

Food safety, hygiene standards

Beauty & wellness

Health & safety, hygiene

Construction

Building standards, safety

Childcare

Safeguarding, DBS checks

Financial services

Consumer protection rules

Digital businesses

Data protection (GDPR)

Regulations apply even if your business is small or home-based.

 

Examples: Licence + Regulation Together

Example 1: Food Business

  • Licence/Permission: Register with local council
  • Regulations: Food hygiene, safe storage, allergen rules

 

Example 2: Street Trading

  • Licence: Street trading permit
  • Regulations: Trading hours, location rules, waste disposal

 

Example 3: Online Business

  • Licence: Often none
  • Regulations: Consumer rights, data protection, fair advertising

 

Who Sets the Rules?

Rules may come from:

  • Local councils
  • Government departments
  • Regulatory bodies
  • Industry authorities

This is why checking official guidance matters.

 

How to Check What Applies to You

Follow this simple process:

  1. Be clear about what you sell and how you trade
  2. Check official government guidance
  3. Check local council requirements
  4. Ask if unsure — before you start trading

Not knowing is common.
Ignoring requirements is risky.

 

Important Things to Remember

  • Regulations apply all the time, not just at start-up
  • Licences often need renewing
  • Rules can change as your business grows
  • Compliance helps you trade confidently

top