Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)

Identification checks for small businesses would be eased under a new Tory pledge to slash red tape and allow entrepreneurs to open bank accounts at a quicker pace.

Andrew Griffith, the shadow business secretary, will tell party members that the Tories would make growth among small businesses central to wider economic plans as they would take greater control over interactions with the state.

He will vow to increase the number of ways small business owners can prove their identity and ease checks on addresses.

The Tories believe the changes would allow entrepreneurs at low-risk companies to open bank accounts in fewer than two days.

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