NEWS - ENTREPRENEURS & STARTUPS

WeWork to give over £1 million to budding UK entrepreneurs

Co-working and office space provider WeWork is offering £1.2 million to aspiring entrepreneurs in the UK.

The grant will be given to winners of the Creator Awards - WeWork’s new global initiative to provide financial support to entrepreneurs, small businesses, and growing companies.

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London a top city for female entrepreneurs, according to research

London has been named as one of the top cities globally for female entrepreneurs in research from Dell Technologies.

The 2017 Women Entrepreneur Cities Index revealed the top 50 global cities for creating and fostering an environment for high-potential women entrepreneurs (HPWE), with London earning a place in the top five.

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HSBC launches £10 billion fund for small businesses

HSBC is providing financial support to small organisations. This is following their recent announcement of a new £10 billion fund.

The money will be allocated across 43 branches in the UK and made available to all - including non-HSBC customers.

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UK SMEs are feeling more ambitious, research shows

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.

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SMEs have increased their growth projections, report shows

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. 

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Research reveals investment needs of UK’s early-stage businesses

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.

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Survey reveals what Brits love about being an entrepreneur

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. 

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London remains top location for businesses, research shows

Demand for office space in London has remained at a high despite the Brexit vote, according to data from online property search website Hubble.

The data showed that London is still an attractive place to do business, with many SMEs searching for office space in the city towards the end of 2016 and at the beginning of 2017.

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SMEs benefited from drop in pound, PayPal data shows

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. 

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WeWork searching for start-ups for its London-based programme

US-based workspace provider WeWork is searching for start-ups in London to take part in the company’s UK WeWork Labs programme.

The company is now accepting applications for the programme, which will be based out of its London Fields facility in Hackney.

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UK the best place to start a business, says survey

The UK has been named the best place to do business by 44 per cent of the country’s population in a survey by SME finance firm Idinvest Partners.

The research found that over 55 per cent of respondents have confidence in the UK when it comes to economic performance.

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Four million Brits want to become entrepreneurs, research shows

February 20 ,2017 | by Thiago Kiwi

More people in Britain are aspiring to be an entrepreneur, with 4 million wishing to become self-employed in the future, according to new research from retail bank Aldermore.

The research found that becoming self-employed has always been an ambition for 22 per cent of Brits, whilst 12 per cent will be looking to make the move in the next six months. 

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Specialist lender closes its first fund for UK SMEs

February 13 ,2017 | by Claire Payne

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.

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SMEs continue to be confident about their future, research shows

February 10 ,2017 | by Helen Gould

Small and medium-sized enterprises in the UK and globally remain confident about the performance of their business in the future, according to the American Express Global SME Pulse.

The research surveyed SMEs across 15 countries. It found that 58 per cent of SMEs globally are expecting revenues to grow significantly over the next year. 

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Birmingham most entrepreneurial city outside London, says research

February 08 ,2017 | by Thiago Kiwi

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.

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Digital workshops to be held for small businesses

February 08 ,2017 | by Helen Gould

Not-for-profit campaign Do It Digital will be holding a series of workshops over the next few months to help small businesses increase their digital and online activity.

The free workshops will be available to aspiring SMEs and entrepreneurs, including a live Twitter Q&A session for those unable to attend in person.

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Accountancy speed is top priority for SMEs, research shows

February 07 ,2017 | by Claire Payne

A new survey from business software provider Exact has identified the top demands from SMEs when it comes to accountants, with speed being revealed to be the main priority.

The study, which surveyed 2,500 SMEs and accountants, also found that SMEs are twice as happy with using an accountant that is tech-savvy.

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BT launches pitching competition for UK SMEs

February 03 ,2017 | by Helen Gould

BT has launched a pitching competition to give SMEs in the UK the chance to pitch their business ideas to a panel of experts.  

The BT SME Award 2017: Securing the Nation, which is part of the company’s BT Infinity Lab programme with TechHub, is aimed at security-focused SMEs.

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New mobile banking app launched for SMEs

February 02 ,2017 | by Claire Payne

A new mobile banking app designed to meet the needs of small businesses has been launched by UK-based mobile banking company Tide.

Tide, which is one of the world’s first mobile banking services for SMEs, enables users to quickly set up a business account.

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£1 million funding available to UK entrepreneurs

February 01 ,2017 | by Hari Sri

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.

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SMEs to increase headcount in 2017, says research

January 26 ,2017 | by Thiago Kiwi

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. 

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Financial advisors to launch private banking service for SMEs

January 25 ,2017 | by Helen Gould

Financial advisors from international financial consultancy company deVere Group are to launch a private banking service for UK SMEs and international clients.

The creation of the bank, which will be called deVere Group Bank St Lucia, follows the company’s acquisition of private banking firm Arton Bank.

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New $1 billion fund for investment in UK start-ups

German internet company Rocket Internet has closed a $1 billion fund to invest in early and growth-stage start-ups in the UK.

The Rocket Internet Capital Partners (RICP) fund is aimed at start-ups in areas such as fintech, software, e-commerce, marketplaces, and travel.

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BBC searching for entrepreneurs with “great business ideas”

The BBC is searching for entrepreneurs with “great business ideas” to take part in the latest series of Dragons’ Den.

Applications are now open for the TV series, which gives entrepreneurs the opportunity to pitch their ideas to a panel of business experts. 

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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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