LSBF Blog - Global Matters

South West job market is thriving, reveals employment outlook survey

March 10 ,2016 | by Claire Payne

The job market in the South West is thriving, with more employers looking to hire in the region than in other areas of the country, according to the Manpower Employment Outlook Survey.

The study, which surveyed 2,100 employers in the UK, was compiled to find out whether employers are planning to recruit additional employees or reduce the size of their workforce in the first quarter of the year. 

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Finance training academy launched for small businesses

An accountancy company based in Aberdeen is launching a finance training academy for small businesses. Acumen Accountants & Advisors will be offering Sage One software for new clients, as well as training sessions at its premises on Riverside Drive.

According to recent statistics, over 1,300 start-ups have launched in Aberdeen over the past year. Acumen is now aiming to provide these businesses with the software and skills that they need in order to meet the financial demands of starting up a new small business. 

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Number of female entrepreneurs increasing, according to HSBC report

March 10 ,2016 | by Erin O’Neill

The number of young female entrepreneurs in the UK is rising, according to a report from HSBC. The report, which was released on International Women’s Day, showed that the proportion of female entrepreneurs has almost doubled with each generation.

The findings were backed up by new research from Crunch Accounting, which showed that the number of females choosing to start their own business has increased by 42 per cent since 2010, with nearly a third of start-ups now being founded by women.

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Barclays to offer digital labs to businesses and entrepreneurs

Barclays is to offer hi-tech equipment in labs for businesses and entrepreneurs. The labs will provide 3D printers, laser cutters and “incubators” for high-growth companies.

Businesses and entrepreneurs will also be able to receive mentoring and have access to meeting rooms, cybercrime awareness events and workshops. There will also be computer coding classes for local schoolchildren.  

 

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Scheme launched to help homeless access jobs in London

A social entrepreneur has launched a pioneering scheme to enable homeless people in London to have access to the internet.

Peter Paduh is providing homeless people in the capital with refurbished laptops to enable them to get online, apply for jobs and learn web skills. The scheme, which is called the Laptops for Homeless Initiative, has been launched in Camden Town by Socialbox.biz, Paduh’s enterprise.

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Study reveals fastest growing tech start-ups in the North

The North of England’s fastest growing technology start-ups have been revealed by technology investment bank, GP Bullhound.

Manchester was found to have the highest number of companies on the list at 28 per cent, followed by 16 per cent in Yorkshire, 14 per cent in Newcastle, and the rest of the businesses located in areas such as Blackpool, Sunderland and Glasgow.

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Birmingham growth hub secures £1 million BIS funding package

March 08 ,2016 | by Helen Gould

A growth hub based in Birmingham has secured a £1 million funding package to enable it to provide more support for local businesses to help them to grow.

The Greater Birmingham Growth Hub received funding from the Department for Business, Innovation & Skills (BIS) to expand its programme and offer “greater levels of expert knowledge” to businesses.

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Start-up scheme will help to drive economy, say UK officials

March 08 ,2016 | by Hari Sri

A start-up scheme launched by the Government will help to drive the economy, according to officials.

The Start Up Loans Company, which was established by the Department for Business, Innovation & Skills in 2012, has so far helped to create 50,000 jobs.

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Women-led businesses major contributors to UK economy, shows study

March 08 ,2016 | by Claire Payne

Women-led businesses are the driving force of the UK economy, according to data compiled by Founders4Schools, a company that focuses on inspiring young people to set up their own business.

Figures from the open-government and LinkedIn data sets showed that the average annual turnover for businesses led by women is £11,719,080, more than the average business annual turnover of £11,284,634. 

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New Gloucester business hub will benefit small businesses

A new business hub is expected to benefit small and medium-sized businesses in Gloucester and create new jobs in the area.

The hub would consist of 22 units, which would be used for general industrial use and to provide office space for businesses.

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Leighton Buzzard property firm to create 150 apprenticeships

March 06 ,2016 | by Erin O’Neill

A company based in Leighton Buzzard is to create 150 apprenticeships to help young people develop a wide range of skills. Property firm Connells Group will be creating the apprenticeships as part of this year’s National Apprenticeship Week, from 14th to 18th March.

The company first launched the Connells Group Apprenticeship Scheme in 2013 to provide young people aged 16 to 23 with the opportunity to develop the skills required to work in the residential property industry, such as business administration, HR, customer services and residential sales.

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NatWest and RBS scrap lending fees to support SMEs

NatWest and Royal Bank of Scotland (RBS) have scrapped lending fees for small businesses. RBS announced last week that small businesses will no longer have to pay arrangement fees and repayment fees on loans.

Businesses will now be able to borrow up to £500,000 and make repayments at any time without having to worry about any penalties. 

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Marga Hoek interviewed on award-winning book 'New Business Economy'

March 04 ,2016 | by LSBF Blog Staff

Dr Steve Priddy, LSBF's Director of Research, has interviewed Dutch entrepreneur and author Marga Hoek about her recent best-selling book.

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Serial entrepreneurs key to success of UK economy

March 04 ,2016 | by Thiago Kiwi

Serial entrepreneurs are the central to the success of the UK economy, according to a report from Coutts and the Centre for Entrepreneurs (CFE).

The report, titled “Beyond the first business: the myths, risks and rewards of being a serial entrepreneur”, showed the differences between one-time entrepreneurs and serial entrepreneurs. 

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Over 100 new jobs to be created in the North East

March 04 ,2016 | by Hari Sri

Accenture has secured a £1.85 million grant from Let’s Grow North East to enable it to expand and create over 100 jobs in the region.

The professional services company has already increased its number of employees from 200 to 600 at its Newcastle Delivery centre over the past five years. Now, the company is planning to expand to a second office in Cobalt Business Park in North Tyneside and increase its number of employees to over 700.

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New business support programme launched nationwide

The Co-operative Bank has launched a programme nationwide in partnership with Co-operatives UK to support people who are looking to start or grow community enterprises.

The programme, which is called The Hive, will provide a wide range of opportunities, including peer mentoring, training sessions, advice, and one-to-one support.

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New cloud app launched for UK SMEs

March 03 ,2016 | by Hari Sri

Software company SAP has launched a new front-office solution to enable small UK businesses in the digital economy to run customer interactions more easily.

SAP Anywhere will provide businesses with a wide range of digital tools for customer engagement, e-commerce, marketing, inventory management and business analytics. Businesses will be able to have access to the tools on computers and mobile devices. 

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Female entrepreneurs in Tunbridge Wells earn more

March 03 ,2016 | by Erin O’Neill

Female entrepreneurs in Tunbridge Wells are the highest paid in the region, according to a report from the Office of National Statistics (ONS).

Figures showed that women in Tunbridge Wells are paid more than their counterparts in other areas of Kent, earning an average of £377.30 per week (£19,619 per annum) in 2015. This was higher than the average weekly earnings in Kent and in other areas in the south east.

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Graduates with work experience more valuable, shows research

March 02 ,2016 | by Claire Payne

Graduates with work experience bring more value to a company, according to research from the Association of Graduate Recruiters (AGR).

AGR’s first annual development report surveyed 191 companies and found that graduates who started out as interns stayed with a company for six months longer than those who did not. 

 

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Demand for accountancy skills in Milton Keynes high, survey reveals

March 01 ,2016 | by Claire Payne

Salaries for part-qualified accountants are expected to rise in Milton Keynes, which could indicate a high demand for accountancy skills according to recruitment company Robert Walters.

A survey by the company showed that salaries are expected to increase by seven per cent for part-qualified accountants compared to four per cent for all accountants, whilst CIMA-qualified accountants will see an increase of ten per cent.

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Finance sector jobs soared in January, shows research

March 01 ,2016 | by Hari Sri

The number of job vacancies in the finance sector increased in January by 12 per cent more than in the same month last year, according to the Association of Professional Staffing Companies (Apsco).

Research showed that average salaries in banking jobs have increased by 4.9 per cent, whilst the average salary across all professional sectors in the UK increased by 4.2 per cent. Pay growth in the professional sector was found to be higher than the UK average recorded by the Office for National Statistics in the latter half of 2015. 

 

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Birmingham technology hub opens applications for support programme

A technology hub based in Birmingham has opened applications for a smart cities incubator programme to help technology startups.

The programme, which is being set up by Innovation Birmingham, will enable tech start-ups to receive support and mentoring. The Serendip Smart Cities Incubator will be located in the new £8 million iCentrum building.

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‘Kickstart Fund’ scheme introduced to help entrepreneurs

February 29 ,2016 | by Helen Gould

A funding scheme has been launched to support entrepreneurs in the Isle of Axholme.

UK Steel Enterprise has partnered up with North Lincolnshire Council and the Growth Hub to launch the Kickstart Fund, which will provide grants of between £500 and £1,000 to help aspiring entrepreneurs to establish a business or become self-employed.

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Milton Keynes business hub looking for entrepreneurs

The organisers of a new business hub are looking for entrepreneurs who are interested in joining the programme. Entrepreneurial Spark and NatWest will be opening the hub in Milton Keynes at the bank’s Silbury Boulevard branch in August.

The hub is one of many UK business hatcheries that Entrepreneurial Spark is opening to provide help to startups with the development of their business.

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Businesses need fast broadband to thrive, says Sajid Javid

February 27 ,2016 | by Thiago Kiwi

Businesses need “fast, reliable connectivity” in order to thrive, according to business secretary, Sajid Javid. In a speech to the EEF, the manufacturer’s organisation, Javid announced a review that will provide affordable and high-quality broadband for businesses.

The announcement comes after research found that slow broadband causes businesses to lose up to a full day’s work. A recent study by Virgin Media Business found that having a slow connection is the biggest time waster for small businesses, whilst research from YouGov found that the average employee loses around 15 minutes a day as a result of slow broadband. 

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