LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Banks announce plans to keep jobs in Britain after Brexit

July 02 ,2016 | by Claire Payne

Several of the UK’s major banks have announced that they will be keeping jobs in Britain following the result of the EU referendum.

Though many banks originally announced that they would be relocating to the EU if the UK voted to leave the EU, they have now said that they will not be scaling back in the UK. 

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Small businesses need to adapt their models, research shows

July 01 ,2016 | by Hari Sri

Small businesses believe that they could fail within the next five years if they do not adapt their models, according to research from business software company Exact.

The research showed that despite 38 per cent of SMEs believing that they will go out of business if they do not adapt their models, only 2 per cent have taken action. 

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Entrepreneurs to be offered flexible working space in London library

A London-based library has announced plans to provide flexible working space for the city’s entrepreneurs.

The Whitechapel Idea Store, which is located in London’s East End, is aiming to create a workspace where early-stage businesses and entrepreneurs who are looking to set up their own business can network and trade.  

 

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More SMEs choosing to work remotely, according to research

More SMEs are now choosing to work remotely, according to research from internet-based phone service company Nimvelo.

The research showed that 66 per cent of small businesses are now choosing to operate from a remote location or employing remote workers. 

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UK start-ups announced as winners of VOOM 2016 competition

Two start-ups from the UK have been announced as winners of Virgin’s VOOM 2016 competition.

The companies will be awarded a share of a £1 million prize from Sir Richard Branson.

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UK would welcome annual shutdown of businesses, survey shows

June 29 ,2016 | by Claire Payne

The majority of Britons would welcome an annual shutdown of businesses, according to a study by virtual assistant website ava.

The study showed that nearly 60 per cent of those surveyed feel that shutting down a business during quiet periods would enable it to remain cost-efficient and be more productive. 

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Entrepreneurs call for training to protect London’s tech sector

Entrepreneurs have called for action to be taken to protect London’s status in the tech sector following the UK’s exit from the EU.

Business leaders who supported a Remain vote have spoken out, discussing the importance of providing training to address skills gaps in the sector. 

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Recruitment company secures £350,000 to help 10,000 businesses

June 27 ,2016 | by Hari Sri

Recruitment platform Talendrone has secured a £350,000 investment to enable it to generate more income for UK recruiters.

The company, which specialises in recruitment in the IT sector, is hoping that the investment from Finance Yorkshire will help to benefit 10,000 companies. 

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UK’s tech firms put expansion plans on hold after Brexit

Britain’s tech companies are putting expansion plans on hold following the UK’s exit from the European Union.

Companies are now concerned about how the loss of access to European markets could affect the UK’s financial technology sector, with some considering moving to a continental location. 

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London facing competition to hold onto tech graduates, survey shows

June 24 ,2016 | by Hari Sri

London is facing competition to hold onto its technology graduates, according to research from LinkedIn.

The research, which has been released during London Technology Week, showed that the city’s graduates are being snapped up by tech hub rivals from the UK and Europe. 

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Deloitte launches cloud-based accounting service for SMEs

Deloitte has launched a cloud-based accounting and analytics service for start-ups and SMEs. The Big Four company has invested £2.5 million into the project, which is called Propel.

Propel will provide a wide range of services, which will be available to the UK’s 5.4 million small business owners. 

 

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London provides most opportunities for female workers, study shows

June 24 ,2016 | by Helen Gould

London provides the most opportunities for female workers in the tech sector, according to technology recruitment company Mortimer Spinks.

The research, which surveyed over 3,700 workers across the UK, showed that 40 per cent of the country’s female tech workers are employed in the city. 

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Self-employed will base EU vote on personal choice, says study

June 23 ,2016 | by Claire Payne

Over 70 per cent of self-employed people will be basing their EU vote on personal choice rather than what is best for their business, according to a study from Intuit QuickBooks.

The study looked at how self-employed people plan to vote in today’s EU referendum and found that just 20 per cent will base their vote on what will be best for their business rather than their personal or political views.

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Techspace to support scale-up companies with office space

June 23 ,2016 | by Hari Sri

Techspace has secured investment from multimillionaire Leo Noé and Goldacre Ventures to enable it to expand and provide extra space for scale-up companies.

The company, which is based in London and specialises in providing flexible co-working space for fast-growth tech companies, will use the £5 million Series A funding to drive growth in the city. 

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Working for free is necessary for small businesses, survey shows

Over 25 per cent of small business owners believe that working for free is a necessary step when starting up a business, according to research from micro-business company Chorus.

The research showed that over 60 per cent of micro-business owners have worked for free in order to get their business started up. 

 

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Office atmosphere can affect employee health

June 22 ,2016 | by Helen Gould

In addition to obvious culprits such as eating habits, smoking, and exercise, studies are increasingly showing that work environment can affect the health of staff members.

Factors such as employers’ attitudes to sick leave, stress, and “presenteeism” (staff being at their desks more than necessary) may all contribute to the overall health of workers.

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Entrepreneurs most likely to underestimate accountancy fees, survey shows

June 22 ,2016 | by Hari Sri

Entrepreneurs are most likely to underestimate accountancy fees when it comes to costs, according to a study from business services company Geniac.

The study looked at the costs involved with running a business and identified the most expensive areas for starting up a business. 

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More Brits turning to online learning sites, figures show

More Brits are turning to online learning sites to develop new skills, according to research from Hitwise.

Figures released by the company showed that over 4 million people in Britain searched “how to” queries in the first quarter of 2016, whilst 1.3 million Brits visited a learning site over the same period. 

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Funding Circle teams up with EIB to help small businesses

Peer-to-peer lending company Funding Circle has partnered with the European Investment Bank (EIB) to support small businesses by increasing loans.

The partnership, which comes just a few days before the EU referendum, is expected to provide £100 million worth of loans for small businesses. This will be the first time that the EIB has provided lending through a peer-to-peer company.

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UK employers working together to provide digital apprenticeships

June 21 ,2016 | by Hari Sri

Employers in the UK are working together to provide apprenticeships for young people under a new initiative called the Digital Apprenticeship Standards Steering Group.

The group has already collaborated over the past few years to develop digital and tech apprenticeships for areas such as digital marketing, data analytics, and software development as part of the Government’s Trailblazer scheme.

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Cybercrime costing UK economy £5.26 billion, according to FSB

Smaller businesses are collectively attacked 7 million times per year by cyber criminals, which is costing the UK economy £5.26 billion, according to a report from the Federation of Small Businesses (FSB).

The report, Cyber Resilience: How to protect small firms in the digital economy, showed that despite over 90 per cent of smaller businesses taking action to prevent digital threats, over 60 per cent have fallen victim to cybercrime over the past two years. 

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Fifth of UK tech companies run by women, study shows

Technology companies are ahead of FTSE companies when it comes to female leaders, according to research from Tech London Advocates.

The Women in Tech Leadership Index showed that a fifth of UK tech companies are run by women, compared to 5 per cent of FTSE 100 companies and 4 per cent of FTSE 250 companies.  

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Virgin Trains launches new service for SMEs

Over the weekend, Virgin Trains launched a new booking tool for small and medium-sized businesses named Railblazers.

The service will support SMEs by enabling them to easily travel across the Virgin Trains Network to attend business meetings.

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Companies should rethink how they use digital learning, says CMI

Companies need to rethink how they go about helping managers and leaders develop professional skills, according to a survey from the Chartered Management Institute (CMI).

The CMI’s report, “Learning to lead: the digital potential”, looked at how digital learning is used in companies and what methods of learning managers prefer. 

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Campaign calls for more support for female entrepreneurs

June 18 ,2016 | by Claire Payne

A campaign has been launched to help provide more support for female entrepreneurs. The Federation of Small Businesses (FSB) is aiming to increase the number of women in business and has called for the UK and Welsh Government to provide more support and better access to finance.

According to the UK Government, providing more support for female entrepreneurs could help to boost the economy by £600 billion. 

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