Lloyds Bank and the School for Social Entrepreneurs will be providing entrepreneurs in Liverpool with the opportunity to make a social impact by offering a training programme.
The Lloyds Bank Social Entrepreneurs Programme consists of a start-up and scale-up programme. The Start Up Programme provides support to enable entrepreneurs to get their business up and running, whilst the Scale Up Programme enables entrepreneurs to grow a sustainable social enterprise.
Business owners have been urged to understand the importance of leadership after a recent survey showed that over 40% of small and medium-sized enterprises (SMEs) do not offer their staff management training.
The Close Brothers Business Barometer surveyed UK SME owners and senior managers from a variety of sectors, and found that this statistic is despite a majority of businesses believing that strong leadership skills contribute to success.
Digital technology is crucial to the success of UK businesses, according to a report titled Understanding Digital Natives by IT provider Computacenter.
The report, which surveyed over 1,000 employees and IT managers, showed that whilst 77% of employees in the UK find technology frustrating, over 80% of employees believe that it is crucial to the success of a business.
The UK’s small business finance market is on the road to recovery, according to the British Business Bank’s Small Business Finance Market Report. The report showed that bank lending is still the most popular form of finance, with growth increasing for four consecutive quarters.
Figures also showed an increase of 43% in equity finance deals in small UK businesses up to October 2015, along with a significant increase in peer-to-peer lending.
Norwich has been voted the top city for work happiness, according to a survey by business psychology experts OPP. Ten cities were selected by UK workers for the poll, with Norwich being voted number one for its “strong local identity” and “strong sense of community."
Liverpool was voted second, with workers stating that it offers “friendly, collaborative, supportive people”, whilst Birmingham came in at number three for its “huge sense of optimism.”
Female managers, directors and business leaders in Lancashire are being urged to join a project to inspire young female entrepreneurs. The Oysters and Pearls project has been organised to help women achieve success in business.
The project, which is being supported by the North and Western Lancashire Chamber of Commerce, will launch on 8th March, on International Women’s Day.
Businesses in the finance sector cut staff bonuses but increased their salaries last year, according to a survey by consulting firm Mercer.
Banks, insurers and investment managers cut bonuses by around 5% whilst increasing salaries by more than 5%. The research follows recent news that fund managers are fighting to block bonus cap extension.
A new study has shown the methods that successful entrepreneurs use compared to those who fail. Software company Zero carried out the research, surveying 2,000 entrepreneurs across the US and UK. All of the respondents were owners of small businesses with 20 employees or less.
The research provided some surprising results, showing that the habits and practices used by entrepreneurs to achieve success are not ones that people would expect.
Budding entrepreneurs need first-hand experience, according to marketing firm Pro UK Consultants. Whilst online entrepreneurship programs have grown in popularity and are a hit with employers, Pro UK Consultants voiced concerns that they may not add value to those looking to become an entrepreneur.
The Birmingham-based company, which focuses on providing support for young entrepreneurs, stated that the only way in which budding entrepreneurs can fully understand the challenges of running a business is to experience it first-hand rather than studying an entrepreneurship course online.
Several free workshops are being launched to help small Essex-based entrepreneurs build up their businesses.
The workshops will focus on the importance of businesses having high-speed broadband, as well as covering other areas such as competitors, business promotions, social media, online sales, how to attract new customers, and blogging.
The UK economy showed improvement in the three months to December with a growth of 0.5%, according to the Office for National Statistics.
Overall growth in 2015 was 2.2%, a figure that was predicted by the International Monetary Fund (IMF). Whilst the annual growth rate has been slow over the past few years, the UK economy is still one of the fastest growing of the developed nations.
Wales is the UK’s top spot for business growth in the finance sector, according to research from accountancy firm, Nixon Williams. The number of start-ups in the financial services sector increased by 11.2% in 2015, higher than in any other location in the UK.
Research showed that the total number of financial services businesses, including services such as banking, fund management and insurance, rose from 2,400 to 2,695 between 2014 and 2015. Scotland came in second, with an increase of 10.9% since 2014, whilst London, north east England, Yorkshire and Humberside reached third place at 9.7%.
Bloomberg has published a list of the most innovative startups in the UK. The list, titled “Business Innovators 2016”, was selected by a panel of judges along with Bloomberg Head of European Technology News Nate Lanxon and Bloomberg Television’s Caroline Hyde.
The panel comprised ten business experts, including finnCap Ltd founder and CEO, Sam Smith, and ENTIQ Managing Director, Eric van der Kleij.
A UK vote to leave the EU will cause an economic and financial shock for the UK, analysts at Credit Suisse have warned. Whilst analysts predict that the UK will vote to stay in the EU, they say that the consequences will be “drastic and long lasting” if a Brexit does occur.
Credit Suisse economists, Neville Hill and Sonali Punhani, said that a drop in business investment, hiring and confidence is expected.
London has been named the number one city for start-ups in Europe, according to the European Digital City Index (EDCI), which was developed by charity Nesta in association with the European Digital Forum.
The analysis named the best cities for digital start-ups and innovation, and was created to provide a “holistic and local view across Europe, describing what ecosystem factors are most conducive to encouraging digital start-ups (and scale-ups).”