LSBF Blog - Global Matters

England’s small businesses have ability to double apprenticeships

August 10 ,2016 | by Thiago Kiwi

A new report by the Federation of Small Businesses (FSB) states that England’s small businesses have the ability to double the number of apprentices they hire to more than two million. This will be possible only if the Government offers more attractive incentives and support packages.

The report stated that it was necessary to bring in apprenticeship reform if small businesses in England are to achieve the target of three million apprentices by 2020. This target has been set by the Government. 

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Law firm partners with business accelerator to help entrepreneurs

August 09 ,2016 | by Claire Payne

Scottish law firm Harper Macleod has signed a three-year partnership deal with business accelerator Entrepreneurial Spark.

The firm will support around 700 entrepreneurs by helping them understand the legal processes involved in setting up, running, and scaling an entrepreneurial venture.

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Successful entrepreneur encourages others to take apprenticeships

A former Halfords apprentice from Cardiff Bay in Wales is lending support to the Welsh Government’s Apprenticeship Programme, which encourages school leavers to choose an apprenticeship as a route to their dream career.

Elijah Sumner, who is only 21 years old, was an apprentice at Halfords and has now started his own business.

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Law firm launches online tool for fintech start-ups

August 05 ,2016 | by Hari Sri

Hogan Lovells has launched an online tool to help fintech start-ups gain a better understanding of Financial Conduct Authority (FCA) regulations.

The law firm will be providing the tool for free to businesses that take part in regulated activities in the UK.

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Research identifies key areas for salary growth

August 05 ,2016 | by Thiago Kiwi

UK salaries have increased by 3 per cent in July compared to last year, according to data from job site CV-Library.

The research identified the key areas for salary growth and also the locations and sectors with the highest increases.

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IPG teams up with business platform to launch skills hub

August 04 ,2016 | by Claire Payne

The Independent Publishers Guild (IPG) and business learning platform Thought Industries will be providing free training and professional development opportunities through a new online skills hub.

This partnership comes after the IPG's Independent Publishing Report showed that members were most concerned about training and professional development.

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Barclays helping to provide exporting opportunities for UK SMEs

Barclays is helping SMEs in the UK to grow by providing them with exporting opportunities.

According to research from the bank, current market volatility and the fall in Sterling means that it is now an ideal time for businesses to export products and services.

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Closing gender pay gap will improve UK economy, says Government

August 04 ,2016 | by Helen Gould

A Government spokesperson has said that closing the gender pay gap is “essential” for improving the UK economy.

Industry leaders are now also calling for businesses to encourage women to take on more senior roles to tackle the problem of inequality in the workplace.

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KPMG to speed up recruitment process for graduates

August 03 ,2016 | by Thiago Kiwi

Accountancy firm KPMG is moving on from its multistage interview process after research showed that graduates are frustrated by lengthy interview processes.

The company made the decision after collaborating with market research company High Fliers Research to survey over 400 people who have recently graduated from university.

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John Lewis partners with TrueStart to launch new initiative for retail start-ups

August 03 ,2016 | by Hari Sri

The John Lewis Partnership has teamed up with retail accelerator TrueStart to form a new initiative that will focus on locating and funding disruptive retail start-ups.

The programme, which is called The Eureka Initiative, will help to bring new products and technologies into the retail sector.

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Businesses have higher survival rates in remote areas, survey shows

August 02 ,2016 | by Claire Payne

Businesses that are set up outside London have a higher chance of survival than those in the city, according to research from eBay UK.

The research, which was based on figures from the Office of National Statistics, identified the areas in the UK with the highest survival rates for start-ups.

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Business attitudes to new technology revealed in research

Research from AXA has shown that small businesses are doubtful about next generation technology affecting their business in the future.

The study looked at how 898 companies feel about technology such as robots, driverless cars, and 3D printing, and whether they expect to use these new advances.

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Startup company to launch first banking service for freelancers

Monizo, a startup set up by former PwC staff Samuel O’Connor and Adam Goodall, will allow entrepreneurs to set up an account within a few minutes.

The new banking service will offer a wide range of services to freelancers for a monthly fee.

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Shortage of cyber security skills is damaging companies, report shows

August 01 ,2016 | by Hari Sri

A report from CSIS and Intel Security, entitled “Hacking the Skills Shortage”, found that there is a lack of cybersecurity talent in countries around the world, including the UK, the US, Australia, France, Germany, Japan, Israel, and Mexico.

The report says that this causes “direct damage” to companies, and warns that thousands of job vacancies in the industry could remain empty.

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Graduates want a good work-life balance, survey shows

July 29 ,2016 | by Helen Gould

Nearly half of young people aged 18 to 24 have said that having a good work-life balance is their main career goal.

Research from recruitment website Reed showed that 40 per cent of young people want an employer that will provide them with a career and help them to build up their own family.

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Work-life balance biggest motivator for entrepreneurs, study finds

More control over work-life balance is one of the main motivations for small business owners, according to a survey from AXA Business Insurance.

The research surveyed over 800 entrepreneurs in the UK to find out what motivates them to run their own business.

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London City Airport expansion scheme will boost economy, say ministers

July 28 ,2016 | by Claire Payne

A £344 million scheme to expand London City Airport has been approved by ministers, who say that the growth plans will help to boost the economy.

The plans, which include an extended terminal, aircraft taxiway and upgraded public transport links, were given the go ahead by Transport Secretary Chris Grayling and Communities and Local Government Secretary Sajid Javid. 

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Cloud hosting company to launch digital workshops

UKFast will soon be launching a series of in-house digital workshops to combat the digital skills gap.

The company will use the workshops to help teachers and collaborators to gain industry skills and qualifications that can be passed on to the younger generation.

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Small business banking firm receives $2 million in seed funding

A company that enables small businesses to set up a bank account has received $2 million in seed funding to help it to grow.

Tide, which is based in the UK, offers a mobile banking tool for SMEs to enable them to quickly set up an account without any monthly or annual fees. 

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London to get Europe’s largest tech innovation centre

July 27 ,2016 | by Hari Sri

London is to become home to Europe’s largest technology innovation centre. The Innovation Centre is a joint venture between property developer Delancey’s evergreen investment fund, DV4, and tech consultancy firm ENTIQ.  

The facility will support start-ups from a wide range of industries, including fashion, health, design and the Internet of Things, promoting collaboration and helping them to grow. 

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Google partners with Tinder Foundation to improve digital skills

Google has teamed up with the charity Tinder Foundation to help people across the UK improve their digital skills and increase their chances of finding a job or setting up their own business.

The scheme has been created as part of the Google Digital Garage programme, with funding helping to provide 100 centres for 5,000 community organisations.

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Britons are happy to be in work, research shows

July 26 ,2016 | by Claire Payne

The majority of British people would choose to be in work even if they did not need the money, according to the British Social Attitudes survey.

The survey found that many Britons are happy to be in work, with over 60 per cent saying that they would like to take on a job that they enjoyed doing rather than staying at home, despite being stressed as a result of working longer hours. 

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SMEs should make cyber security a top priority, says expert

APMG International Lead Assessor Andy Taylor has said that SMEs should make cyber security one of their top priorities.

Taylor stated that hackers see small and medium-sized businesses as easier targets, as they believe that these businesses do less to protect their important data.

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Video: Great Minds series - LSBF interviews Chris Wakerley MBE, MD of KPMG Boxwood

July 25 ,2016 | by LSBF Blog Staff

As part of the LSBF Great Minds series, Chris Wakerley MBE, Managing Director and Co-Founder of KPMG Boxwood, discussed his experiences of business in an interview with Dr Steve Priddy, Head of Research at London School of Business and Finance (LSBF).

Mr Wakerley co-founded Boxwood in 2000. The company has worked across a range of sectors - including retail, infrastructure, private equity and life sciences – and was acquired by KPMG in 2015.

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UK to finalise new FinTech Bridge with South Korea

Last Friday, it was announced that the UK will soon finalise a new FinTech Bridge with South Korea to enable easier investment in fintech.

The FinTech Bridge will provide a number of benefits for financial technology businesses and investors from each country, allowing them to gain easier access to each other.

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