LSBF Blog - Global Matters

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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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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