LSBF Blog - Global Matters

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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Small UK businesses targeting Australia export market

February 26 ,2016 | by Erin O’Neill

Small UK businesses are targeting Australia’s export market, according to a survey by Royal Mail. The company surveyed 300 small retail exporters to see where they are sending their goods and found Australia to be a top spot for businesses.

According to the study, UK retailers are placing more focus on customers outside of Europe and are targeting affluent customers in English-speaking countries.

 

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Over 50s want career development, survey finds

February 26 ,2016 | by Hari Sri

Workers of the age of 50 believe that companies are not helping them to put their skills and expertise into practice, according to an Ashridge survey.

The study, titled Don’t Put Baby (Boomers) in the Corner: Realising the Potential of the Over 50s at Work, found that a large number of respondents believe that their company is doing nothing to share skills and experience between different generations. 

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Self-employed are “overwhelmingly satisfied”, according to report

February 26 ,2016 | by Claire Payne

Self-employed workers are “overwhelmingly satisfied” with their job, according to a report by Bright Blue.

The report found that self-employed individuals are much happier than employees in full-time work, despite having a more difficult working life and being more likely to have a low income.

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UK employers planning to recruit more permanent staff, shows survey

February 25 ,2016 | by Thiago Kiwi

UK employers are planning to recruit more permanent staff in the next three months, according to the latest JobsOutlook survey from the Recruitment and Employment Confederation (REC).

The report found that over 80% of businesses are planning to hire more permanent staff between now and May, whilst 29% said that they have recruited more staff in the past year. 

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Accountants champion professional membership bodies

February 25 ,2016 | by Erin O’Neill

According to new research, 79% of finance and accountancy professionals believe professional membership bodies support their career in accountancy.

The statistics come from respondents to a survey conducted by job site GAAPweb, of over 450 accountancy and finance professionals. They include members of ACCA, CIMA, ICAEW, AAT, IFA and AIA, from Part-Qualified to Chief Financial Officer across a wide range of industries.

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Startup fund to be made available to UK entrepreneurs

February 25 ,2016 | by Claire Payne

A programme that is being launched in Derry and across the North West will provide entrepreneurs with the opportunity to develop their business.

‘Growing Startups’ will enable entrepreneurs to receive £10,000 in seed capital and support from mentors.

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Finance professionals understand importance of cybersecurity, says report

February 25 ,2016 | by Helen Gould

Accountants and other finance professionals are becoming more aware of the risks of cybercrime, according to a study by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).

The study, titled Cybersecurity – Fighting Crime’s Enfant Terrible, stated that cybercrime is becoming too dangerous for accountants to ignore. However, it found that the majority of accountants and finance professionals clearly understand the importance of the issue, with over 80% saying that their management are concerned about cybercrime.

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LSBF Alumni Interview: Raunaq Zaidi

February 24 ,2016 | by LSBF Blog Staff

Raunaq Zaidi, an Indian student who graduated in 2011 with an MBA (UoW) in Marketing Management, came to London because of its cultural diversity.

Studying in the uniquely multi-cultural environment of LSBF has fully prepared him for his job at the State Bank of India in London.

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The most influential books in business, according to experts

February 24 ,2016 | by Erin O’Neill

We asked leaders of the business world about the books that have influenced their professional lives.

The right book has the potential to change the way we think, the way we act and even the way we work. The influence of literature is undeniable, and there’s never a bad time to undertake a new reading venture. Comprised of recommendations from industry professionals, these are the books you should be reading if you want to get ahead in the world of business.

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