The UK government’s proposal for a registration scheme for short-term rentals risks stifling startups that rely on the sharing economy. Companies such as Ashore work with homeowners in the UK to provide creative spaces for people to work productively when they need a change of scene. They are concerned that the government’s scheme, which is being mulled over, could burden them with additional costs and time, and prevent new businesses from entering the sector by increasing the barriers to entry to restrictive levels. The startup coalition has published a report into the needs of startups in the sharing economy, which shows that success means keeping barriers to entry low. The government’s current proposals for a central register of short-term lets are preferable to a licensing scheme, but more detail is needed on how time-consuming and resource-intensive compliance with the scheme will be.
Risks of Licensing Schemes on Startups: Could Stifle Innovation
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