LSBF Blog - Global Matters

Number of female inventors on the rise, according to research

November 16 ,2016 | by Erin O’Neill

The number of female inventors is on the rise, with an increase of 60% worldwide since 2000, according to research from the Intellectual Property Office.

The research showed that the number of female inventors in the UK has risen by 16% over the past ten years, with Taylor Wessing’s Global Intellectual Property Index recently naming the UK as the best place in the world to patent.

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UK ranked eighth best place to start a business

November 15 ,2016 | by Helen Gould

The United Kingdom has been ranked eighth out of 137 countries worldwide and fifth out of 41 European countries for starting a business in a report from Global Entrepreneurship Week.

The Global Entrepreneurship Index 2017, which was produced by the Global Entrepreneurship and Development Institute, gave the UK an over-all score of 71 per cent, making it one of the top ten places in the world for starting up a business.

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Flexible working one of top three benefits for employees

November 15 ,2016 | by Helen Gould

Flexible working has been named one of the three most important priorities for employees when they are presented with a package of benefits, cited by over three quarters of respondents in a survey by BT.

The company’s Mobile multiplier report surveyed 1,528 employees in offices throughout the UK, France, Germany and Spain, and similarly found that over 65 per cent of respondents consider being able to work independent of location and use good technology flexibly better benefits than a company car

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SME growth and confidence boosted by business programme, report shows

November 15 ,2016 | by Thiago Kiwi

The Building Small Business Britain report has found that an initiative set up by finance company Goldman Sachs has had a positive impact on the growth of small businesses in the UK.

The report assessed 933 companies that graduated from the 10,000 Small Businesses UK programme in 2010 – 2015 to see how the initiative impacted their growth.

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Finalists for NatWest everywoman Awards announced

November 14 ,2016 | by Erin O’Neill

Over 20 female finalists for this year’s NatWest everywoman Awards have been announced. The awards, which is in its 14th year, celebrate the success of female entrepreneurs in Britain, from women who are running an early-stage business to those who own a more established organisation. 

This year’s finalists are from a diverse range of industries, including design, technology, professional services and manufacturing, and were selected for their drive, their appetite for risk and their focus on growing their business.

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Over half of small businesses do not use social media

November 13 ,2016 | by Claire Payne

Over half of small business owners in the UK do not use social media, according to a recent survey from Manta.

The research found that 76 per cent of business owners do not use Instagram to market their business, despite it currently being the most popular social media platform. 

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BT launches competition for start-ups and small businesses

November 11 ,2016 | by Claire Payne

BT has launched a competition for start-ups and small businesses to find new innovations that will help the company’s UK customers to feel more connected to their family, friends and communities.

The competition, which will be run by BT’s Infinity Lab, will give start-ups and small businesses the opportunity to present their ideas in a Dragons’ Den-style pitch to a panel of the company’s experts.

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Biba publishes under-insurance guide for small businesses

November 11 ,2016 | by Helen Gould

The British Insurance Brokers' Association (Biba) has published a guide for small businesses to help them avoid under-insurance.

The new guide intends to help small businesses obtain the appropriate level of insurance cover to properly protect them against damage to or loss of their property, or injury caused to staff or others by their business.

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Accountants need tech skills to succeed

November 10 ,2016 | by Erin O’Neill

By 2026, accountants believe that tech skills will be required in order to succeed, according to a report from cloud-based accounting software company Xero.

The report showed that whilst the majority of accountants are aware of how important it is to keep up to date with new technologies, many of them are not investing enough time into developing skills to allow them to do so.

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Small business confidence at a high, according to study

November 10 ,2016 | by Thiago Kiwi

Small business confidence is at an all-time high for 2016 in the UK, according to a study from Hitachi Capital Business Finance.

The study surveyed 1,006 small and medium-sized enterprise owners, questioning them on the outlook of their business for the coming three months, and found that business confidence has increased by 11 per cent from the last quarter. 

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BT boosts UK economy by £23 billion, says report

November 09 ,2016 | by Hari Sri

BT has boosted the UK economy by £23 billion in the last year, according to a report by Regeneris Consulting.

The report, which is titled The Economic Impact of BT and EE in the UK, showed the contributions that BT and EE, which BT has taken over, have made to the economy across England, Scotland, Wales and Northern Ireland in the financial year 2015/2016. 

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Fintech lender to provide funding for SMEs

November 09 ,2016 | by Claire Payne

An online financial technology lender has revealed that it will provide funding for SMEs by expanding to the UK.

Spotcap, which provides business loans and credit lines to SMEs, is hoping that the expansion will enable the company to help SMEs in the UK to grow.

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SMEs to contribute £217bn to UK economy, says research

November 08 ,2016 | by Hari Sri

SMEs are set to contribute £217 billion to the UK’s economy by 2020, according to new research from the Hampshire Trust Bank.

The research, which was completed in collaboration with the Centre for Economics and Business Research (Cebr), identified the top ten cities for SME contribution to the economy. 

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Programme to help women into tech careers

November 08 ,2016 | by Erin O’Neill

A new programme that aims to encourage more women to consider a career in technology is set to be launched this week.

The F-Disruptors programme was developed by CEO Debbie Edwards and set up in the North West by a group of women aiming to raise awareness of job opportunities in technology.

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Good days at work help employees feel appreciated

November 07 ,2016 | by Hari Sri

Over 85 per cent of UK employees who have more good days at work feel appreciated, compared to 60 per cent who do not have as many good days, according to a survey from Robertson Cooper and the Bank Workers Charity.

The report, titled ‘What is a good day at work?’, surveyed 1,500 working adults from the private and public sector in the UK and looked at how good days are linked to employee wellbeing, including mental and physical health, personal development and job satisfaction.

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Venture capital firm to invest in Europe’s tech companies

November 06 ,2016 | by Thiago Kiwi

A new venture capital firm is to invest in technology companies across Europe to enable them to grow.

KEEN Venture Partners, which is headed up by former BT executive Ben Verwaayen and TomTom COO Alexander Ribbink, will be investing in innovation hubs in the UK, Netherlands, Sweden and Germany. 

 

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NatWest’s Capital Connections scheme available for UK businesses

November 04 ,2016 | by Thiago Kiwi

Specialist lender Together has confirmed that the company is part of NatWest’s Capital Connections panel of finance providers, with the scheme now being available to businesses nationwide.

The scheme enables businesses that are unable to obtain finance from NatWest to have access to alternative funding.

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Flexible working hours reduce workplace stress, says study

November 04 ,2016 | by Claire Payne

Introducing flexible working hours would contribute most to reducing stress at work, according to a study by Cascade HR.

The research surveyed over 1,000 full-time or part-time employees and asked them what their employers could do to help reduce stress. Introducing flexible working hours was cited by nearly half of respondents. 

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Alternative finance options for small businesses

November 03 ,2016 | by Erin O’Neill

Under a new government scheme, nine of the UK’s major banks will offer small businesses more finance options.

This new initiative will see the details of small businesses passed on to finance platforms by big banks that have rejected them for finance.

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UK to become safest place for business

November 03 ,2016 | by Thiago Kiwi

The Government is aiming to make the UK the safest place in the world to do business by spending an additional £1.9 billion to help prevent cyber security threats.

Chancellor Philip Hammond outlined the new strategy, which will see the Government working with companies and investing in experts over the next five years to help tackle and prevent cyber-attacks.

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Millennials want their own business, shows research

November 03 ,2016 | by Erin O’Neill

Over 35 per cent of millennials want to be their own bosses and have their own business, according to a new study from Opinium Research.

The research found that over 50 per cent of millennials hope to become self-employed by the time they reach their late 20s. 

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Highest paid jobs of 2016 revealed

November 02 ,2016 | by Claire Payne

The UK’s top ten highest paid jobs of 2016 have been revealed in a survey from the Office of National Statistics (ONS).

The Annual Survey of Hours and Earnings 2016 used 2015/2016 pay-as-you-earn (PAYE) tax records to obtain the data, surveying a sample of 1 per cent of full-time workers from each occupation. 

 

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London fintech start-ups to get free legal services

November 02 ,2016 | by Hari Sri

Fintech start-ups in London are to receive free legal services worth thousands of pounds through a new programme launched by law firm Slaughter and May.

The Fintech Fast Forward programme will be accepting applications from start-ups in sectors such as distributed ledger technology, datatech, regtech, and insurtech.

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Business confidence at a high after Brexit vote

November 01 ,2016 | by Thiago Kiwi

Business confidence in Britain is at a high after the Brexit vote, with 37 per cent of UK companies expecting their business prospects to improve, according to a survey from Lloyds.

The survey showed that businesses feel confident about the UK’s economy, with 47 per cent saying that they expect the economy to improve and 34 per cent being positive about the direction in which the country is heading. Just 13 per cent of businesses had a negative view.

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Search for young entrepreneurs launched in Cumbria

November 01 ,2016 | by Helen Gould

A scheme has been launched to search for entrepreneurs as young as five in Cumbria, with 20 schools from the county teaming up with businesses to help pupils develop business skills.

The Bright Stars 2017 scheme will begin on January 16 next year and will run until 13th March, giving pupils the opportunity to receive mentoring from a wide range of businesses. 

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