NEWS - BUSINESS & ECONOMY
Global workspace provider Regus has opened a new office in London to provide flexible space for businesses.
The building, which is located at 63 St Mary Axe, will offer a number of facilities for start-up companies, remote workers and businesses that are looking to grow.Read more >>
Freelancers contributed over £100 billion to the UK economy in 2015, according to research published by the Association of Independent Professionals and the Self Employed (IPSE).
The research showed that freelancers now make up 6 per cent of the UK’s workforce, with 1.91 million people freelancing at the end of 2015 - up by 36 per cent since 2008.Read more >>
The number of UK exporters has hit a record high as a result of the Government providing more opportunities, according to new figures from UK Trade & Investment (UKTI).
The statistics were released on the first day of Exporting is GREAT Week.Read more >>
A business event that aims to increase trade between the UK and Ghana is coming to South East London next month.
The GUBA Greenwich Expo 2016 will run from Friday 20th May until Sunday 22nd May.Read more >>
The potential growth of small businesses is being hampered by a lack of leadership and management skills, according to a report from the Federation of Small Businesses (FSB).
The report, “Leading the way: boosting leadership and management in small firms”, found that whilst over 55 per cent of small business owners update their business knowledge and skills every year, there is still a lack of management training.Read more >>
Freelancers can now receive up to £40 extra per week after changes to the UK state pension system were introduced last week.
The new state pension changes apply to people who reach state pension age on or after 6th April 2016. This includes women born on or after 6th April 1953 and men born on or after 6th April 1951.Read more >>
A new group has been launched in Bristol to enable local business people to share tips and advice. The Bristol Small Business Forum was launched in March, and monthly meetings will now be held at the Bradley Stoke Leisure Centre.
The group was launched to provide local people with the chance to experience the benefits of becoming a member. The launch featured local public speaker, Julian Okoye, who opened the event with his talk, “How judo helped me in public speaking: tips for small businesses.”Read more >>
Businesses in the North West are being urged to attend events during Exporting is GREAT week, a programme that is part of the Exporting is GREAT campaign, which aims to inspire businesses to grow overseas.
A range of events is being organised by UKTI North West and its partners during the week, with over 300 delegates expected to participate across the UK.Read more >>
Manchester has received over £136 million in European funding, which has supported investment in businesses and helped to create job opportunities, according to research from Britain Stronger in Europe.
The research found that during the 2007-2013 European Structural Funds Programme, which is made up of the European Regional Development Fund and the European Social Fund, Manchester received £136.2 million in European funding.Read more >>
Family-run businesses in the UK are looking to expand after a successful year in the sector, according to research from the Institute for Family Business (IFB).
The research showed that family businesses make a significant contribution to the UK economy, making up 87 per cent of all private sector companies in the UK.Read more >>
Almost half of SMEs in Britain saved £10,000 or less on bills in the last 12 months by negotiating with their suppliers, according to a survey by npower Business.
The survey found that this resulted in Britain’s small businesses making overall savings of £511 million across the sector over the past year.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.”Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.
Read more >>
A new business hub in East Yorkshire could help to create up to 3,000 jobs.
Plans for the hub were put forward by the Homes and Communities Agency (HCA) and Sterling Capitol, and permission has now been granted by East Riding Council.Read more >>
A report has revealed a list of locations with the most inspiring businesses in Britain.
The report, which was compiled by the London Stock Exchange Group (LSEG), provides a list of the fastest-growing and most dynamic small and medium-sized businesses from a number of locations in the UK.Read more >>
Award-winning book New Economy Business will be launched in the UK today after an innovative approach to its production.
The author Marga Hoek, who is CEO and founder of the Sustainable Business Association, used Creative Commons rather than traditional copyright licensing. She also used crowdsourcing to acquire information from over 325 CEOs, scientists, professionals, students and consumers.Read more >>