NEWS

Working Brits want to start their own business in 2017

January 20 ,2017 | by Thiago Kiwi

Research from accounting software company FreeAgent has found that one in ten Brits would like to start their own business in 2017.

The research, which surveyed 1,000 working people in Britain, found that the majority of workers wish to become entrepreneurs, with 54 per cent saying that they would like to work for themselves. 

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Law firm launches technology incubator programme for legal startups

January 19 ,2017 | by Thiago Kiwi

A law firm has launched a technology incubator programme for innovative early-stage businesses and growth technology startups that are able to provide products and services for the legal industry.

Mishcon de Reya has launched its MDR LAB with innovation specialists and investors L Marks, and is now accepting applications from businesses with concepts or products and services that are at a revenue-generating stage. 

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Fintech Innovation Lab London launches largest programme class

January 18 ,2017 | by Thiago Kiwi

Fintech Innovation Lab London is to launch its largest ever class since the lab was first launched in 2012, with 20 start-ups being selected for its 2017 12-week programme, Accenture has announced.

The lab’s latest programme received over 300 applicants, its largest ever number, with start-ups from North America, the Middle East, Russia, Turkey and the Nordica registering the most interest. 

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UK employees want to work from home, according to research

January 17 ,2017 | by Claire Payne

Research has found that over 80 per cent of workers in the UK would like to work from home, whilst just 36.5 per cent currently do so.

The research marks the start of Work From Home Week, which was launched yesterday and will run until January 22. 

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Funding Circle raises £82 million in equity funding

January 16 ,2017 | by Erin O’Neill

Funding Circle has secured £82 million in equity funding, enabling the peer-to-peer lending platform to provide financial support to small businesses and create thousands of jobs.

The £82 million round, which was led by venture capital firm Accel and received contributions from Funding Circle’s existing investors Union Square Ventures, Baillie Gifford and Ribbit Capital, comes after the lending platform secured £40 million investment from the Government’s British Business Bank earlier this month.

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Over £6.7 billion invested in UK’s tech businesses in 2016

Tech businesses in the UK attracted more than £6.7 billion in venture capital funding and private equity funding in 2016, more than the amount invested in tech businesses from any other country in Europe, new research from London & Partners has shown.

The research found that over a third of the amount invested in tech businesses last year went to London-based businesses, whilst a total of £4.7 billion in private equity investment went to the UK’s tech sector. This brings the total investment into the country’s tech businesses since 2011 to £9.6 billion. 

 

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Training scheme to plug UK’s digital skills gap

January 13 ,2017 | by Helen Gould

Amazon is to help plug the UK’s digital skills gap by launching a training scheme for young people and ex-military personnel.

Amazon Web Services (AWS) will partner with the Prince’s Trust and the Ministry of Defence to launch AWS re:Start, which aims to help 1,000 additional people to learn digital skills.

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Employers changing recruitment process to access top talent, survey shows

January 12 ,2017 | by Erin O’Neill

Employers are changing their recruitment process to enable them to have access to talented staff more quickly, according to a survey from TotalJobs.

The study of over 3,000 jobseekers and 100 employers found that over 45 per cent of employers have shortened their hiring process as they struggle to find and compete for talented staff.

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Scotland’s small businesses are digital skills leaders, according to index

Small businesses in Scotland are ahead of their UK counterparts when it comes to digital skills, according to the Bank of Scotland’s annual Business Digital Index.

The index surveyed 2,000 small businesses and charities, assessing basic online skills such as managing information, transactions, communication, creating and problem solving, and found that over 67 per cent of businesses in Scotland possess these skills – higher than the UK’s average of 62 per cent. 

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Record number of recruitment start-ups launched last year, figures show

A record number of recruitment start-ups were launched in 2016, according to figures obtained by Clearly PR & Marketing Communications under a Freedom of Information request from executive agency Companies House.

According to the figures, 2016 saw a 13.7 per cent increase in the number of recruitment businesses, with 4,529 start-ups being registered between January and December.

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UK entrepreneurs receive titles in 2017 New Year’s Honours

January 05 ,2017 | by Claire Payne

A host of business owners have been awarded titles from the Queen as part of the New Year’s Honours list.

This year’s list consisted of 1,047 recipients and featured entrepreneurs from a wide range of industries, including STEM (science, technology, education and maths), fashion and hospitality. 

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Record number of entrepreneurs expected to register business in January

Research from domain name registration website 123 Reg has shown that a record number of entrepreneurs in Britain are expected to register their businesses this month.

The research found that January is a popular time for starting a business, with the majority of business websites being registered during this month.  

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ACCA outlines key priorities for accountancy success

January 04 ,2017 | by Helen Gould

The Association of Certified Chartered Accountants (ACCA) has released a checklist outlining the key priorities for achieving success in the accountancy profession in the new year.

The checklist is aimed at accountancy professionals, business leaders and policy makers and consists of a wish list to help professionals deal with uncertainties in 2017, including the upcoming negotiations over Brexit. 

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Demand growing for more workspace in UK

January 04 ,2017 | by Erin O’Neill

The need for flexible office rentals in the UK has been increasing, leading Dutch workspace provider Spaces to expand across the country.

The company will be opening up ten new UK sites in 2017.

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North West is a top area for start-ups, research shows

January 03 ,2017 | by Claire Payne

The North West is a top area for start-up businesses, with the number of businesses in the region increasing by 10 per cent in 2016, according to research from insolvency and restructuring trade body R3.

The research found that there are now a record number of start-ups in the North West, with an additional 32,774 businesses in the area than at the end of 2015. This brings the number of businesses in the region to more than 347,200. 

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Start-ups offered £150,000 in UK’s largest seed funding competition

January 02 ,2017 | by Claire Payne

UK start-ups are being offered the opportunity to secure £150,000 in the UK’s largest ever seed funding competition.

The Start-Up Series is a monthly competition and has returned for January to give early-stage companies the chance to secure equity funding from a £1.8 million Seed Enterprise Investment Scheme (SEIS).

 

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Research shows increase in Christmas tax returns

December 30 ,2016 | by Helen Gould

Research from HM Revenue and Customs has shown that more self-employed workers are choosing to complete their tax return early, with 14,000 people filing their return over the Christmas period.

The research found that 1,944 people filed their tax return online on Christmas Day, a decrease of 100 from last year.

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Co-op to create new jobs across UK

December 29 ,2016 | by Thiago Kiwi

The Co-op is to invest £70 million into a growth project that will see hundreds of new jobs being created in the UK in the new year.

The company will be opening 100 stores for the project, with many of them being located in London and the South East. There will also be new stores in Swansea, Sheffield, Kings Bromley in Staffordshire, and Beverley in Yorkshire.

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North East tech sector fastest growing in UK, report shows

December 28 ,2016 | by Hari Sri

The North East has the fastest growing tech sector in the UK, with the region’s GVA contribution being double the UK average, according to a report from the Office for National Statistics.

The report showed that the GVA contribution of the region’s Information and Communications sector experienced a growth of 14.9 per cent.

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Businesses optimistic about future after Brexit, according to survey

December 27 ,2016 | by Helen Gould

British businesses are feeling positive about their future, according to a survey from the Institute of Directors (IoD).                     

The IoD surveyed 34,000 businesses, questioning them on how they believe Brexit will affect their future, and found that 60 per cent of British businesses are “optimistic” or “very optimistic” about the upcoming year.

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Small businesses want access to technology, according to index

December 23 ,2016 | by Claire Payne

Small businesses want improved availability of technology, with 37 per cent believing that it will positively impact on growth next year, according to the annual SME Hopes and Fears Index from Barclays.

The index also revealed the other most important factors when it comes to boosting growth, with 30 per cent citing opportunities for exporting and access to international markets, 22 per cent moving their business online and having a digital presence, 22 per cent consumer demand and 21 per cent the condition of the UK’s economy. 

 

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SMEs want more support from business lenders, according to research

December 22 ,2016 | by Thiago Kiwi

A new study from Hitachi Capital Business Finance has revealed what SMEs are looking for from business lenders, with the majority wishing to receive more support and a genuine partnership.

The company’s British Business Barometer surveyed over 1,000 small business owners, questioning them on what they believe banks and other providers in the finance services industry should do in order to help them grow their business. 

 

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Christmas can help SMEs boost revenue, according to research

Christmas can help SMEs in the UK to make additional revenue, with 60 per cent of businesses experiencing equal or higher levels of work during the period, according to research commissioned by freelancing platform Upwork.

The research found that businesses can benefit from staying open during the Christmas season, with over 35 per cent of businesses believing that their income could increase by up to 50 per cent. 

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Report shows decline in small business lending

December 20 ,2016 | by Thiago Kiwi

There was a decline in small business lending in one year across ten cities in the UK, according to a report from Hampshire Trust Bank.

The SME Growth Watch Report 2016 showed a 6 per cent drop of £2 billion between the fourth quarter of 2014 and the fourth quarter of 2015. However, the British Bankers’ Association (BBA) said that small business lending has picked up again in 2016. 

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Small businesses can grow profits by networking, research shows

December 20 ,2016 | by Hari Sri

Networking can help boost the performance of small businesses, with 50 per cent saying that it has helped them to increase profits, according to research from NatWest.

The research, which surveyed over 630 senior decision makers from small businesses, found that 70 per cent of businesses have secured new business through networking. However, 33 per cent said that they are struggling to form new connections. 

 

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