LSBF Blog - Global Matters

MarketInvoice funding to UK businesses reaches record high

April 11 ,2017 | by Helen Gould

Peer-to-peer invoice finance platform MarketInvoice funded a record £130 million of invoices in the first quarter of 2017, a 160 per cent rise from the first quarter of 2016.

The company also achieved a record high in March, with £54.7 million worth of invoices raised by businesses in the UK being funded.

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UK SMEs are feeling more ambitious, research shows

SMEs and mid-market businesses in the UK are feeling more ambitious than they did a year ago, according to the Ambition Index Report, which was produced by Lloyds Bank National Business Awards.

The report, which revealed how businesses are feeling about ambition, talent, Brexit and the challenges that they are facing, found that 45 per cent of businesses are feeling ambitious, despite concerns over Brexit, Article 50 and a weaker pound.

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UK tech companies have doubled since Brexit vote, research shows

April 06 ,2017 | by Hari Sri

Tech companies in the UK have more than doubled since the Brexit vote, an analysis of data from Companies House has shown.

The data showed that the number of tech companies in the UK increased from 2,325 to 5,995 in the eight months following the EU referendum.

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Survey shows rise in confidence among London’s businesses

April 05 ,2017 | by Hari Sri

The London Chamber of Commerce and Industry (LCCI) has released a survey showing that London’s businesses are expecting a better outlook for their companies.

The research, which surveyed 500 businesses, demonstrated that respondents are feeling positive about their turnover and that confidence rose in the first quarter of the year.

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Amazon Business to be launched in UK

April 05 ,2017 | by Thiago Kiwi

Amazon has announced that it will be launching its Amazon Business service for UK businesses of any size.

The service will be available to sole traders, small businesses, and larger companies.

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Entrepreneurs reveal benefits of remote working in new research

April 04 ,2017 | by Erin O’Neill

Entrepreneurs have revealed the top benefits of remote working in new research from insurance company Direct Line.

The research revealed the best places for small business owners to work, with coffee shops being named as the top choice, cited by 27 per cent of respondents.

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Apprenticeships help to boost career prospects, research shows

April 04 ,2017 | by Claire Payne

Over three quarters of young people believe that apprenticeships help to improve skills and boost their career prospects, according to youth charity YMCA’s Work in Progress report.

The report, which has been released ahead of the Government’s new Apprenticeship Levy, also found that four in five young people would recommend taking an apprenticeship.

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SMEs have increased their growth projections, report shows

Small and medium-sized enterprises (SMEs) in the UK have increased their growth projections, according to a report from Capital Economics for Amazon and entrepreneur network Enterprise Nation.

The report showed that the UK’s SMEs are now predicting a 2.3 per cent growth in revenue in the next 12 months, with small businesses in the financial services sector being found to be the most positive, predicting a growth of 3.1 per cent over the next year. 

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Businesses should tackle gender pay gap, says Young Women’s Trust

April 03 ,2017 | by Erin O’Neill

Businesses need to take action to help tackle the gender pay gap, according to Young Women’s Trust.

The charity, which provides support for women aged 16 to 30 who are on low or no income, is calling for more support as new reporting requirements are set to be put into action this week. 

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UK insurtech investment reached £15m in 2016, research shows

Research from Accenture has shown that investments in UK insurtech more than doubled in 2016, reaching the highest in Europe at nearly £15 million.

The number of deals across technologies such as artificial intelligence and the Internet of Things (IoT) make up nearly half of the total investment in insurtech, increasing by 79 per cent last year.

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Technical and professional sector sees biggest boost in SMEs

March 29 ,2017 | by Hari Sri

New research from Hampshire Trust Bank has revealed the sectors in the UK that have seen the highest levels of growth in SME entrants since 2010, with the technical & professional sector experiencing the biggest boost.

The research found that whilst construction and retail had the highest percentage of SMEs overall, these sectors had the lowest percentage of start-up entrants at 4 per cent and 3 per cent respectively, with issues such as financial concerns and competition being cited as barriers to growth.

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Research reveals investment needs of UK’s early-stage businesses

Research from the UK Innovation Hub and Tech City UK has revealed what early-stage businesses believe are the most important factors for raising external finance.

The research found that start-ups believe that personal trust and chemistry is the most important factor, whilst access to a wide network of investments is also considered to be important, cited by three-fifths of respondents.

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Xero announces integration with business finance apps for small businesses

Cloud-based accounting software company Xero has announced its integration with three business finance apps.

The company has teamed up with the business finance providers to help small businesses to have better access to the finance that they need in order to grow. 

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Entrepreneurs are happier than full-time workers, according to research

March 22 ,2017 | by Claire Payne

Research from employee engagement company Personal Group has found that entrepreneurs in the UK feel happier and more motivated than people who work full-time.

The research surveyed 800 employees, including 124 self-employed workers, and found that over 60 per cent of those who are self-employed look forward to going to work. 

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New guide to degree apprenticeships published for employers

March 21 ,2017 | by Helen Gould

A new guide has been published for employers to help them receive information on degree apprenticeships.

The digital publication, A Guide to Degree Apprenticeships for Employers, was launched by careers advice company Prospects with the aim of providing employers with information and guidance on the Apprenticeship Levy, which is set to be introduced on 6th April 2017. 

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Survey reveals what Brits love about being an entrepreneur

A new survey from property letting agent City Breaks has revealed what attracts Brits to entrepreneurship.

The research, which surveyed 1,000 small and medium-sized businesses, identified the main reasons for Brits wanting to become an entrepreneur, with being your own boss and having flexible hours being the main drivers, cited by 76 per cent and 64 per cent of respondents respectively. 

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GCHQ Director calls for more women in cyber security

March 17 ,2017 | by Erin O’Neill

UK businesses need to encourage more women into the information security industry, according to GCHQ Director Robert Hannigan.

He called for more women to be recruited into cyber security after the latest Global Information Security Workforce Study showed that the infosec industry has the lowest proportion of women at just 8 per cent. 

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Research shows connection between training opportunities and job satisfaction

March 16 ,2017 | by Claire Payne

New research from training platform Course Library has shown a strong connection between training and development opportunities and job satisfaction.

The research, which surveyed 1,000 workers aged between 18 and 64 in the UK, found that almost half are happy in their current job.

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Research shows increase in asset-based finance to businesses

March 15 ,2017 | by Claire Payne

Research from the Asset Based Finance Association (ABFA) has shown that asset-based finance to businesses in the UK has reached £22.2 billion, up by 13 per cent from £20.6 billion in 2016.

The research identified the key reason behind the rise, with the increase in businesses turning to asset-based finance and supplementing traditional sources of finance to help boost business growth and finance the development of new products being the main driver.

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Number of businesses in the UK reaches record high

March 14 ,2017 | by Thiago Kiwi

The number of businesses in the UK has reached a record high, passing 4 million for the first time, according to new figures from software company Inform Direct.

The research, which used data from Companies House and the Office for National Statistics, showed that at the end of February this year, there were 4,005,093 registered businesses in the UK. 

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Confidence among UK’s private sector firms recovers to strongest level

March 14 ,2017 | by Claire Payne

Business confidence in the UK’s private sector has recovered to its strongest level since the middle of 2015, according to data from the Markit UK Business Outlook Survey.

The research, which surveyed 12,000 manufacturers and service providers, found that it has now reached 52 per cent as fears over Brexit begin to subside.

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London remains top location for businesses, research shows

Demand for office space in London has remained at a high despite the Brexit vote, according to data from online property search website Hubble.

The data showed that London is still an attractive place to do business, with many SMEs searching for office space in the city towards the end of 2016 and at the beginning of 2017.

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National women’s campaign Working Forward celebrates 100 members

March 13 ,2017 | by Erin O’Neill

A national campaign that is led by British businesses and aims to end discrimination of pregnant women and mothers in the workplace is celebrating reaching 100 members. 

Pet care retailer Pets at Home has become the latest business to join the Working Forward campaign, which focuses on making employers aware of the best ways in which they can attract, develop and retain women at work and provide them with a better workplace. 

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Innovate UK to invest £15 million in emerging technologies

Innovate UK is to invest £15 million in technology projects that will help to inspire future products and services.

The innovation agency will be funding projects through a competition and is now inviting businesses to apply for a share of the fund.

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Small businesses planning to recruit new staff, research shows

March 08 ,2017 | by Hari Sri

New research from Hitachi Capital has shown that there will be a jobs boost in the SME sector, with one in six small businesses set to recruit new staff by the end of April this year.

The company’s quarterly British Business Barometer, which surveyed SME decision-makers from 11 regions, found that 20 per cent of businesses that are less than five years old are planning to take on new staff by April.

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