LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Report indicates more small businesses moving outside London

October 24 ,2016 | by Helen Gould

Research from Trainline suggests that more businesses are choosing to be based outside of London, taking advantage of lower costs and increased mobility and interconnectivity between locations.

The research also found that small and medium-sized business rail travel to hubs outside of London has increased by up to 65 per cent since 2012, with Brighton having seen the biggest growth at 230 per cent.

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Britain’s employment rate remains at record high after Brexit

October 21 ,2016 | by Thiago Kiwi

Britain’s employment rate has remained at a record high, with the number of people in employment increasing after Britain’s vote to leave the EU, according to data from the Office for National Statistics (ONS).

The data showed that there were 31.81 million employed people in Britain in the three months leading to August, up by 160,000 on the previous quarter and by 560,000 on last year. 

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Average cost of start-up business is £12,601

October 21 ,2016 | by Helen Gould

Research from Lloyds Bank has shown that the average cost of a start-up business that is not home-based is £12,601.

According to the survey, 30 per cent of new business owners found that the cost of starting up a new business was more expensive than they thought, with just 6 per cent saying that the cost was lower than their budget.

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Best places to do business revealed in prosperity index

October 20 ,2016 | by Thiago Kiwi

The 13 best places to do business have been revealed in a business environment index that is part of the Legatum Institute’s UK prosperity index.

The index ranked the locations by taking into account factors such as entrepreneurial activity, business survival rates, infrastructure and broadband speed. 

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Top entrepreneurs to attend small business expo ScaleUp 2016

October 20 ,2016 | by Erin O’Neill

The ScaleUp 2016 expo, which brings leading business experts and entrepreneurs together to discuss current business issues, has now been announced.

The event is organised by Enterprise Nation in collaboration with the ScaleUp Institute and the Institute of Chartered Accountants, England and Wales (ICAEW).

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New taskforce to support small businesses

October 19 ,2016 | by Hari Sri

A group of entrepreneurial organisations have formed a small business taskforce, urging the Government to assist UK businesses and support labour market flexibility when Britain exits the EU.

The 13 organisations in this taskforce (including Enterprise Nation, Global Entrepreneurship Week, IPSE, and the Centre for Entrepreneurs) claim to represent over 1 million small businesses and self-employed workers.

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Finalists for Great British Entrepreneur Awards announced

October 19 ,2016 | by Claire Payne

Over 100 entrepreneurs from the UK have been announced as finalists in the Great British Entrepreneur Awards.

The Great British Entrepreneur Awards, which are held in association with NatWest, celebrate the contributions and innovations of entrepreneurs in Britain and the impact that they have on the UK economy. 

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Amazon to host first ever UK academy for small businesses

October 18 ,2016 | by Thiago Kiwi

Amazon has announced that it will be hosting its first ever business academy in the UK for small businesses.

Run in partnership with small business group Enterprise Nation and The Guardian Small Business Network, the Digital Business Academy will provide support to SMEs to help them learn how to use digital skills to boost their business. 

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£1m fund launched to help SMEs close digital skills gap

A £1 million fund has been launched to help SMEs to close the digital skills gap for young people and increase their employability. 

The iAMDigital fund, which has been set up by Creative England and Nominet Trust, will also help to support the growth of new and established SMEs. 

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£2m fund available to North East SMEs

October 18 ,2016 | by Helen Gould

SMEs from the North East are being invited to apply for a share of a £2 million cash pot.

The North East Business Support Fund, which is run by enterprise agency NBSL, is providing funding for over 1,400 businesses in the region.

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Didn’t pass your ACCA exam? Here’s how to succeed next time

October 17 ,2016 | by LSBF Blog Staff

ACCA results are now out, but many students may not have achieved the marks they wanted. However, there’s no reason to feel downhearted – there are always re-sits where you can do better and learn from your experience.

Here are our tips on how to turn disappointing news into success the next time round.

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Manchester Metrolink create job and apprenticeship opportunities

October 17 ,2016 | by Thiago Kiwi

Plans to expand Greater Manchester’s Metrolink network have been given the go-ahead by Secretary of State for Transport Chris Grayling.

The expansion will involve building a new £350 million 3.4 mile line through Trafford Park under a Transport and Works Act order.

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UK small businesses expecting growth

October 14 ,2016 | by Hari Sri

Over 70 per cent of small businesses in the UK are expecting dramatic or moderate growth over the next two years, according to a report from Albion Ventures.

The fourth Albion Growth Report surveyed 1,000 small businesses and found that just 5 per cent think that they are likely to shrink or wind down, whilst 50 per cent are planning to take on more employees.  

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UK’s highest paid part-time jobs revealed

October 14 ,2016 | by Claire Payne

The UK’s highest paid part-time jobs have been revealed in new research from jobs review website Glassdoor.

The company gathered the data by looking at the total median annual base salaries for part-time workers in the UK. Whilst not every job listed is only part-time, the company used data on part-time workers. 

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Business activity in London reaches eight-month high

October 13 ,2016 | by Thiago Kiwi

Business activity in London reached its highest in eight months during September, according to a report from Lloyds Bank.

The bank’s regional PMI, which is an economic health-check of UK regions, showed that business activity in London’s private sector reached its highest rate since January, with businesses experiencing a growing demand for goods and services. 

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Trainline launches new app for business travellers

October 13 ,2016 | by Claire Payne

Independent train ticket retailer Trainline has launched a new feature in its app to help make travelling by train easier for business travellers.

The Trainline App, which offers features such as live journey updates and one-click refunds, now has a new business profile feature that enables businesses to separate business and leisure travel accounts. 

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Dropbox launches new features for entrepreneurs on the go

October 13 ,2016 | by Thiago Kiwi

Dropbox has launched five new mobile features that will enable entrepreneurs to work outside the office.

The new features will be available in their updated app for Apple iOS 10.

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Employees feel comfortable discussing mental health with employer

October 12 ,2016 | by Claire Payne

A third of UK employees would feel comfortable discussing mental health issues with their employer, according to a survey by Capita Employee Benefits.

The research, which surveyed over 3,000 employees in the UK, found that employees would feel comfortable discussing issues such as depression, whilst 31 per cent would speak to colleagues about taking time off work for mental health issues. 

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Northern social entrepreneurs to pitch for £250k investment

Social entrepreneurs across the North of England can pitch for a share of a £250,000 investment pot with a Dragon’s Den-style funding panel.

Dragon’s SEN is part of Northern Enterprise 2016 conference, and will give six social entrepreneurs the chance to pitch their business ideas and gain investment into their business.

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Salaries to increase in finance and accountancy roles

October 11 ,2016 | by Claire Payne

Recruitment agency Robert Half has found that starting salaries for finance and accountancy jobs are expected to increase by an average of 2.9 per cent in 2017.

The company has predicted that starting salaries in finance and accountancy roles will rise across more than 100 roles.

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Number of SMEs trading overseas has doubled

October 11 ,2016 | by Hari Sri

The number of British SMEs investing in export activity has doubled over the past year, according to a report from business funder Bibby Financial Services (BFS).

The latest SME confidence tracker, which looks at the investment intentions, sales performance and confidence of SMEs, found that 15 per cent of SMEs invested in trading overseas in the third quarter of 2016, up from 8 per cent over the same period last year. 

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Start-ups in property sector to receive more support

October 10 ,2016 | by Hari Sri

Venture capital platform Pi Labs has partnered with real estate company CBRE to support the next generation of start-ups in the property sector.

The partnership will provide start-ups with mentoring and identify new technologies to benefit clients.

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SMEs using e-commerce and export more confident

October 09 ,2016 | by Thiago Kiwi

SMEs that invest in e-commerce and exporting are more confident about the growth of their business than those that do not, according to findings from Capital Economics.

The SME Growth Tracker, which was commissioned by Enterprise Nation and Amazon UK and was based on a YouGov survey of over 1,000 SMEs in the UK, found that nearly half of British SMEs expect revenue growth to come via e-commerce over the next 12 months. 

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Small businesses have the happiest employees

October 07 ,2016 | by Erin O’Neill

The UK’s small businesses have the happiest employees, according to research from business social networking website LinkedIn.

The research, which surveyed 10,000 professionals, found that businesses with ten or fewer employees had the highest levels of job satisfaction. 

 

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Number of startups in London increasing

October 06 ,2016 | by Thiago Kiwi

The number of VAT and/or PAYE-based businesses is increasing in London, making up 18.7 per cent of the UK total, according to the Office for National Statistics (ONS).

Figures also showed that London has the largest growth for startups, with an increase of 7.2 per cent between 2015 and 2016, compared to 6.9 per cent in 2014-2015. 

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