LSBF Blog - Global Matters

Sir Richard Branson relaunches pitching competition for entrepreneurs

Sir Richard Branson has relaunched VOOM, a competition that gives entrepreneurs the chance to pitch ideas and win cash prizes.

Entrepreneurs will have the opportunity to pitch ideas to a panel of experts, including Branson. Six businesses will be selected as winners and will share over £1 million in prizes.

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£9.5m fund launched in Manchester to boost exports

March 22 ,2016 | by Helen Gould

A £9.5m fund has been launched to help boost exporting and jobs in Greater Manchester.

According to Manchester Growth Company Chief Executive Mark Hughes, the Greater Manchester Export Fund will create and safeguard over 1,000 jobs.

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Brighton council urges employers to support young people

March 22 ,2016 | by Hari Sri

Employers in Brighton and Hove are being asked to sign a pledge of support to create jobs and raise opportunities and to help young people prepare for work.

Brighton and Hove City Council has urged employers to show their support after announcing that it will be creating 100 apprenticeships in 2016/2017 and a further 150 in 2017/2018. The council has launched the scheme to help tackle the decline of apprenticeships in the city.

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Dorset SMEs taking advantage of £3,000 broadband scheme

Around 750 SMEs in Dorset are taking advantage of a scheme that enables them to have access to faster broadband.

The Connection Vouchers Scheme, which was run by Dorset County Council on behalf of Dorset, Poole and Bournemouth, was set up to offer small businesses up to £3,000 towards faster and more reliable broadband.

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ACCA and Big Four to launch apprenticeship tax scheme

March 21 ,2016 | by Claire Payne

The Association of Chartered Certified Accountants (ACCA) has teamed up with the Big Four to launch a new apprenticeship tax scheme.

The accountancy body will be working with KPMG, PwC, EY and Deloitte to develop a scheme for the audit, accountancy and tax professions. The scheme, known as Accountancy/Tax Technician Standard, will enable school leavers to qualify with a higher apprenticeship and is linked to the Government’s Trailblazer scheme.

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Apprenticeships important factor for business growth, according to research

March 20 ,2016 | by Thiago Kiwi

Apprenticeships are one of the most important factors for business growth, according to research for the Funding Skills Agency.

The research, which was released as part of National Apprenticeship Week, found that nearly half of managers in growing companies in the West Midlands believe that hiring the right employees and having employees with the right skills are the most important factors when it comes to expanding a business.

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North Tyneside business park almost full after creating 14,000 jobs

March 19 ,2016 | by Erin O’Neill

Developers of Cobalt Business Park have announced that it has almost reached its full capacity. Cobalt Business Park is now one of the biggest in the UK, providing space for companies such as Accenture, Hewlett Packard and DNV.

All three firms have expanded, with Accenture now occupying 88,000 sq ft of space over two buildings, Hewlett Packard 200,000 sq ft of space over three buildings, and DNV 10,000 sq ft of space.

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Apprenticeship levy payers to receive 10 per cent top-up, says Treasure report

March 18 ,2016 | by Thiago Kiwi

Employers in England are to receive a 10 per cent top up on their monthly levy contributions. The plans were announced in a budget report published by the Treasury.

The top-up will mean that for employers who pay a levy of £2,000, their levy pot will be £2,200. This will be available for them to spend on apprenticeship training through their digital account. 

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Funding Circle to dedicate office space to younger startups

March 18 ,2016 | by Hari Sri

Funding Circle is to dedicate a floor of its new London-based headquarters to younger startups. The peer-to-peer lending company, which is worth over £1 million, moved into 71 Queen Victoria Street in Mansion House last year but took on more space than it needed.

The company is now giving startups the opportunity to make use of the extra space on one of its trading floors. It is offering 400 desks, which small businesses and freelancers can now book on property marketplace website Hubble. 

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Entrepreneurial Spark launches Newcastle small business hatchery

Entrepreneurial Spark has launched another UK hatchery and is now searching for start-ups and scale-ups for its Newcastle hatchery.

Over the next few months, the company will be signing up 80 small businesses for the programme, which will launch in August.

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ICAEW and PwC launch e-learning programme for accountants

March 17 ,2016 | by Claire Payne

The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered up with PwC to launch the ICAEW IPSAS Certificate, an online learning programme for public sector accountants.

The “practical and user friendly” programme will enable accountants to develop their skills, providing them with technical guidance, revision aids and practical examples. There are no entry requirements for the programme.

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Boris Johnson unveils plans to create East London hub

March 17 ,2016 | by Thiago Kiwi

Boris Johnson has unveiled plans to create a business hub in East London. According to Johnson, the proposals will “transform further parts of the Docks and adjoining Beckton Riverside to become a world-class business destination.”

The proposals include recommendations for improved transport infrastructure and will help to create industrial space, as well as open up further developable land on the north banks, which could help to bring 24,000 homes and 60,000 jobs to the area. 

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Innovate UK launches competition for sharing economy start-ups

March 17 ,2016 | by Hari Sri

Government-backed innovation agency Innovate UK has launched a competition for sharing economy start-ups.

The competition, which is part of Innovate UK’s “IC tomorrow” programme, is searching for solutions across the peer-to-peer market and will give businesses the chance to be awarded £180,000.

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London and Manchester best hubs for high-growth small businesses

March 16 ,2016 | by Helen Gould

London and Manchester have been named as the best hubs for high-growth small businesses (HGSBs) by Octopus Investments. The company listed 32 of the top cities for HGSBs in the Urban Hub League Table.

The cities were ranked on the factors that small businesses believe are the most important to them when scaling and growing, such as talent and connectivity and access to finance.

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Welsh council to provide employment and training opportunities

March 16 ,2016 | by Helen Gould

Rhondda Cynon Taf Council will be providing employment and training opportunities this week at a jobs fair. The event will be held during National Apprenticeship Week on Thursday 17th March at the Muni Arts Centre in Pontypridd, Wales.

The council recently announced that £550,000 will be invested in its graduate and apprenticeship schemes to provide more employment opportunities for young people. 

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Ten digital start-ups to participate in Virgin Media accelerator

Ten digital start-ups are to participate in a London-based technology accelerator launched by Virgin Media and Techstars.

The businesses, which are from locations around the world, will take part in the programme in Aldgate East, London.

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Young people have misconceptions about apprenticeships, reveals study

March 15 ,2016 | by Claire Payne

Young people have misconceptions about apprenticeships as a result of not receiving proper information from schools and colleges, according to a survey by Prudential.

The survey of 16 to 18 year olds showed that many school leavers avoid apprenticeships because they see them as low-paid, low-skilled jobs, when in fact they are highly beneficial.

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Kent sees increase in number of startups offering jobs

March 15 ,2016 | by Hari Sri

The number of start-ups in Kent offering job opportunities has increased.

This news comes following a recent surge in the number of apprenticeships across the UK.

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UK tech entrepreneurs want Britain to stay in EU, shows survey

The majority of the UK’s tech entrepreneurs want Britain to stay in the EU, according to a survey by techUK. Over 250 tech business owners were surveyed, with 70 per cent stating that they were against a Brexit because EU membership is good for business.

Just 15 per cent of tech business owners said that they wanted Britain to exit the EU, whilst 15 per cent said that they were undecided.

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Over 700 jobs to be created in Sunderland

March 14 ,2016 | by Thiago Kiwi

Multi-channel services company Parseq is to create over 700 jobs in Sunderland.

The company, which operates from Doxford International Business Park, is to expand after investing in the development of a new centre at a second site in the city.

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Over 100 apprenticeships to go online for Apprenticeship Week

March 13 ,2016 | by Claire Payne

Over 100 apprenticeships are to go online this week in Leicester as part of Apprenticeship Week. Apprenticeship Week starts today and will run until Friday 18th March.

In addition to apprenticeship vacancies being offered, young people in the area will also have the opportunity to attend drop-in sessions. The events, which are being organised by the Leicester Apprenticeship Hub, will also include access points for information.

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UK small businesses becoming more innovative, according to report

Innovation is on the rise amongst the UK’s small and medium businesses, according to a report by the Department for Business, Innovation and Skills. The report, which surveyed 29,000 enterprises, found that the UK has seen the biggest boost in innovation since 2010.

The survey looked at how businesses were involved in innovation from 2012 to 2014 and found that over half of UK businesses were actively engaged in developing products and introducing new services.

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Research reveals the highest-paid jobs in Scottish finance sector

March 11 ,2016 | by Hari Sri

A study carried out by Edinburgh-based recruitment company Core-Asset Consulting has revealed the highest-paid jobs in the finance sector in Scotland. The study showed a surge in the number of people employed in the finance sector in the country, with recruiters predicting further growth in 2016.

Marketing-related roles and asset managers were found to have experienced the biggest surge. Core-Asset Consulting also reported a “recognisable shift in companies being prepared and willing to pay above the market rate, especially for difficult-to-fill roles.”

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Amazon to create 1,000 new jobs at fulfilment centre

March 11 ,2016 | by Claire Payne

Amazon is to create new jobs by opening a fulfilment centre in North-West England. The centre, which is set to open later this year, will be located in Manchester and will create 1,000 jobs in the area over the next three years.

Amazon is planning to expand this year, creating 2,500 jobs across the UK. The online retailer’s new centre will join the company’s ten other fulfilment centres, which are located throughout the UK. 

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Entrepreneurs turning their hobbies into businesses, shows study

Britons are turning their hobbies into successful businesses, according to a study by Weebly. The company found that over 35 per cent of entrepreneurs have turned a hobby or passion into a successful business.

The study also explored the current thoughts and trends amongst the entrepreneurial community and found that nearly 90 per cent of entrepreneurs believe that Britain is an ideal place to start a business.

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