SMEs and mid-market businesses in the UK are feeling more ambitious than they did a year ago, according to the Ambition Index Report, which was produced by Lloyds Bank National Business Awards.
The report, which revealed how businesses are feeling about ambition, talent, Brexit and the challenges that they are facing, found that 45 per cent of businesses are feeling ambitious, despite concerns over Brexit, Article 50 and a weaker pound.
Small and medium-sized enterprises (SMEs) in the UK have increased their growth projections, according to a report from Capital Economics for Amazon and entrepreneur network Enterprise Nation.
The report showed that the UK’s SMEs are now predicting a 2.3 per cent growth in revenue in the next 12 months, with small businesses in the financial services sector being found to be the most positive, predicting a growth of 3.1 per cent over the next year.
Research from the UK Innovation Hub and Tech City UK has revealed what early-stage businesses believe are the most important factors for raising external finance.
The research found that start-ups believe that personal trust and chemistry is the most important factor, whilst access to a wide network of investments is also considered to be important, cited by three-fifths of respondents.
A new survey from property letting agent City Breaks has revealed what attracts Brits to entrepreneurship.
The research, which surveyed 1,000 small and medium-sized businesses, identified the main reasons for Brits wanting to become an entrepreneur, with being your own boss and having flexible hours being the main drivers, cited by 76 per cent and 64 per cent of respondents respectively.
Small and medium-sized businesses benefitted from the drop in the pound in 2016, according to data from PayPal.
The online payments company revealed that UK SMEs saw a 10 per cent year-on-year increase in their international sales from January to June last year, whilst the rate of growth increased to 34 per cent from July to December.
A lender that specialises in providing debt and equity capital to small and medium-sized businesses has closed its first fund for UK SMEs.
Beechbrook Capital has raised £150 million for the Beechbrook Capital UK SME Credit I fund, with the fund being supported by investors from the UK, continental Europe and America, and the final close being backed by new and existing investors.
Birmingham has been revealed to be the most entrepreneurial city in the UK outside London in new research by the Start Up Loans Company.
The survey revealed the areas that secured the most funding from the Start Up Loans Company last year, with Birmingham securing over £2 million, up by 39 per cent on 2015. This was followed by Cornwall, which secured £1.3 million.
Entrepreneurs in the UK can take part in a global competition to win a share of £1 million equity-free funding for their business.
Business people who are selected for the Innovation & Entrepreneurship International Competition will be competing against entrepreneurs from the US, Canada, Australia, Germany, Israel, India and Japan.
SME owners are planning to increase their headcount in 2017, new research from Opus Energy has found.
The research found that 15 per cent of SME owners are looking to increase their number of staff by up to 10 per cent this year, whilst 10 per cent are planning to increase their headcount by up to a fifth.
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.
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.