LSBF Blog - Global Matters

SME private investments to reach record high

October 31 ,2016 | by Claire Payne

The Government’s Enterprise Investment Scheme (EIS) has helped private investments in SMEs to reach a record high, according to a study from Salisbury House Wealth.

The study found that SMEs received £1.8 billion from private investments through the scheme in the last year, an increase of 14 per cent from £1.6 billion on the previous year.

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Shortage of women in senior accountancy roles, study finds

October 30 ,2016 | by Claire Payne

Over 60 per cent of accountancy firms do not have any women in senior roles, according to a study by Visible Women.

The Women in Finance: Not Adding Up! report showed a shortage of women in senior roles such as executive board members, partners and senior accountants in two-thirds of companies. 

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Small businesses make profit in first year, research shows

October 28 ,2016 | by Hari Sri

The majority of the UK’s small businesses make a profit in their first year, according to research from Yell Business.

The research surveyed 1,500 small business owners, and found that 79 per cent of small businesses achieve profitability in their first year, whilst a further 27 per cent make a profit within one or two months. 

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Majority of insurers to invest in insurtech by 2018

October 28 ,2016 | by Helen Gould

Nearly two-thirds of the world’s biggest insurers have invested in insurtech and plan to continue investing in technology start-ups over the next two years, according to research from Gartner.

The research showed that over 60 per cent of major global insurers have invested in insurtech, and it is estimated that 80 per cent of P&C insurers worldwide will team up with or acquire insurtechs by 2018. 

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Perks and rewards are important to employee satisfaction, survey shows

October 27 ,2016 | by Erin O’Neill

Over two-thirds of adults in the UK believe that perks and benefits are essential to their general satisfaction at work, according to research from employee engagement platform Perkbox.

The research, which surveyed 1,072 adults in the UK, looked at how employees from different age groups feel about perks and rewards in the workplace and found that 30 per cent are not happy in their current job role and would move to a job that offers better benefits. 

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Employee Benefits Awards return for 15th year

October 26 ,2016 | by Helen Gould

An awards ceremony that celebrates employers who have made a significant contribution to their business through reward strategies has returned for its 15th year.

The Employee Benefits Awards 2017, which are sponsored by businesses including AON, Wealth at Work and Xerox, are now accepting entries.

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UK’s first funding platform for female entrepreneurs is launched

October 26 ,2016 | by Erin O’Neill

The UK’s first ever crowdfunding platform to support female entrepreneurs has been launched to help tackle the funding gap between female-led and male-led companies.

Launched by Love Home Swap Founder Debbie Wosskow OBE and Hearst Magazines UK CEO Anna Jones, London-based platform AllBright Crowd aims to discover and fund the best female entrepreneurs in the UK and will invest in start-ups, seed stage businesses and established companies. 

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£60 million fund to help Scottish businesses grow

October 25 ,2016 | by Hari Sri

A £60 million fund to help businesses in Scotland to grow and boost the country’s economy has been unveiled.

The fund, which will come from the European Regional Development Fund, will benefit over 20,000 businesses and help to create thousands of jobs. 

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UK is a good place for starting a business

October 25 ,2016 | by Hari Sri

Over 75 per cent of business leaders worldwide believe that the UK is a good location to start a business, despite the vote to leave the EU, according to research from Barclays.

The research surveyed 1,350 business leaders worldwide, questioning them on their perceptions of British entrepreneurs and their experiences of doing business with scale-up businesses in the UK. 

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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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