December 08 ,2017 | by Erin O’Neill
A new survey from the Institute of Directors (IoD) has shown that UK entrepreneurs are feeling confident, with those who run young companies feeling more positive than those running established companies.
The research surveyed 628 members from entrepreneur group IoD99 and found that 83 per cent of entrepreneurs are feeling optimistic about their business prospects over the next year, compared to just 56 per cent of businesses in the IoD overall membership, who were surveyed in separate research.Read more >>
December 04 ,2017 | by Erin O’Neill
The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.
The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.Read more >>
November 30 ,2017 | by Erin O’Neill
Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.
The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.Read more >>
November 28 ,2017 | by Erin O’Neill
The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.
Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.Read more >>
November 22 ,2017 | by Erin O’Neill
Fintech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY.
The EY Fast Growth Tracker surveyed hundreds of UK entrepreneurs about their future funding plans and found that 34 per cent of fintech firms are aiming to raise £5 million for their next fundraising round.Read more >>
November 21 ,2017 | by Anisa Choudhary
At least 150,000 workers in the UK are set to receive an increase in pay after The Living Wage Foundation announced a 3.6 per cent rise in the UK Living Wage.
The new UK rate is now £8.75 per hour, up from £8.45 and £1.25 more than the minimum wage.Read more >>
November 15 ,2017 | by Erin O’Neill
Business activity growth reached its highest in six months in London last month, the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown.
The London PMI registered a reading above 50, signalling growth in business activity in the city. October’s reading stood at 56.3, up from 54.1 from the previous month and the fastest rate of growth since April.Read more >>
November 13 ,2017 | by Erin O’Neill
Research from Ebuyer has found that 80 per cent of Britons aspire or have aspired to set up their own business, with Londoners being the most entrepreneurial.
The research surveyed 2,000 UK adults and found that 84 per cent of residents in London have thought about starting their own business.
Read more >>
November 07 ,2017 | by Anisa Choudhary
Mayor of London Sadiq Khan has announced the London Living Wage has increased from £9.75 to £10.20 per hour.
The 4.6 per cent rise marks the first time the city’s Living Wage has increased to more than £10.00 per hour.Read more >>
November 06 ,2017 | by Anisa Choudhary
Research from Innovate UK has found business owners misunderstand what investors are looking for, with soft skills being the most valued when it comes to making investments.
The report compared the views of scale-up businesses and investors. It found that 84 per cent of investors believe poor communication is a deal-breaker, compared to 46 per cent of business owners.Read more >>
November 01 ,2017 | by Erin O’Neill
The UK has been named the most attractive country to employers and staff in a report from real estate company Colliers International.
The report rated Britain highly for its talent, quality of life, location and cost, with Colliers International placing the UK amongst the lowest-risk European countries to start and run a business, despite concerns over Brexit.Read more >>
October 30 ,2017 | by Anisa Choudhary
London is a top location for entrepreneurs and business executives, with more than 60 per cent saying they would choose to base their business in the city, according to research from London Executive Offices (LEO).
The research also found that 57 per cent of UK entrepreneurs and business executives believe start-up businesses that are based in London have the best chance of success with an annual growth of 20 per cent.Read more >>
October 27 ,2017 | by Anisa Choudhary
Alternative banking app Revolut has signed up 16,000 companies across the UK and Europe to its Revolut for Business platform since its launch earlier this year.
The service has enabled companies sign up for multi-currency accounts and make money transfers in 26 currencies to make payments to overseas employees or suppliers.Read more >>
October 23 ,2017 | by Anisa Choudhary
Research from Santander Corporate & Commercial has shown SMEs need more access to finance.
The research found that around 50 per cent of high-growth SME owners in the UK have been unable to expand their business as a result of problems with accessing finance. This is compared to 36 per cent of businesses as a whole.Read more >>
October 18 ,2017 | by Anisa Choudhary
London will continue to be the world’s leading financial technology hub, according to research from rating agency Early Metrics.
The research assessed 1,500 FinTech companies across Europe and found London remains the top spot for FinTech. This is despite the challenges and uncertainty faced by executives in the industry over Brexit.Read more >>
October 17 ,2017 | by Anisa Choudhary
Payment solutions company First Payment Merchant Services (FPMS) has launched a new funding solution for small businesses.
The Smart Business Funding solution will provide small businesses that are unable to access funding from traditional banks with financial support. This is in the face of challenges such as Brexit and technology-driven shake-ups in the banking industry.Read more >>
October 11 ,2017 | by Anisa Choudhary
Research from financial services company Aldermore has revealed the best time for people in the UK to start a business.
The research found that spring is the best season for launching a business, with 88 per cent of SMEs (representing more than 4.8 million companies in the UK) that have done so during this period experiencing success.Read more >>
October 11 ,2017 | by Helen Gould
A report from Oxford Economics has found that 110,000 new jobs have been created in East London since the 2012 Olympics, with Hackney, Newham, and Tower Hamlets seeing the highest growth.
According to the research, Tower Hamlets has seen the highest increase in jobs since 2012, with 50,000 new jobs being created.Read more >>
October 04 ,2017 | by Anisa Choudhary
London has outperformed its rival financial centres when it comes to the cost of locating 100 staff. The city is 25 per cent cheaper than New York, according to estate agency Knight Frank.
The 2018 Global Cities report compared the cost of locating staff in top global cities and estimated that the total average cost of employing 100 members of staff in conventional office space in London is $5,228,140 per year, compared to $6,938,000 in New York.Read more >>
September 22 ,2017 | by Helen Gould
A report from Heathrow Express has found that London is the most popular destination for business travel.
The 2017 Heathrow Express Business Travel Insights Report found that 85 per cent of 2,424 business travellers have travelled to London for business.Read more >>
September 21 ,2017 | by Anisa Choudhary
Over 45 per cent of businesses believe the financial technology sector is crucial to the future of London’s prosperity, according to the CBI/CBRE London Business Survey.
The survey of 271 respondents found the creative and tech sectors are the most important for the city’s economic growth over the next five years, with these being cited by two-thirds of businesses. This was followed by the fintech sector (47 per cent) and the professional services sector (49 per cent).Read more >>
September 08 ,2017 | by Anisa Choudhary
The health of the UK’s small and medium-sized enterprises has reached its highest level in 18 months, a new quarterly economic index has shown.
Compiled by the Centre for Economics and Business Research Limited (Cebr), the SME Health Check Index used key performance indicators to measure the health of UK SMEs, including employment and confidence.Read more >>
September 07 ,2017 | by Helen Gould
A leadership development and coaching company is offering a new leadership programme for companies who want to increase staff engagement.
Full Potential Group (FPG) is launching the Charisma Connection programme to help business leaders develop charisma.Read more >>
September 01 ,2017 | by Erin O’Neill
The UK has been named one of the most popular locations to be sent on international business in Santa Fe Relocation’s 2017 Global Mobility Survey, “Embedding Business Strategy in Global Mobility”.
The study, which was conducted by Circle Research and is in its 7th year, surveyed almost 1,000 global mobility teams and business leaders, and found that 8 per cent of international business assignments are arranged for the UK, despite concerns over the decision to leave the EU.Read more >>
September 01 ,2017 | by Anisa Choudhary
The number of households with no workers has reached its lowest level, according to figures from The Office for National Statistics (ONS).
The latest Labour Force Survey figures show that 14.5 per cent of households in the UK had no workers in the three months from April to June 2017.Read more >>