NEWS - BUSINESS & ECONOMY
A group of small businesses have teamed up to support other small companies and self-employed workers in Britain following the Brexit result.
The group has been formed to provide reassurance to small businesses and help them remain optimistic after the referendum.Read more >>
Small businesses believe that they could fail within the next five years if they do not adapt their models, according to research from business software company Exact.
The research showed that despite 38 per cent of SMEs believing that they will go out of business if they do not adapt their models, only 2 per cent have taken action.Read more >>
The majority of Britons would welcome an annual shutdown of businesses, according to a study by virtual assistant website ava.
The study showed that nearly 60 per cent of those surveyed feel that shutting down a business during quiet periods would enable it to remain cost-efficient and be more productive.Read more >>
Recruitment platform Talendrone has secured a £350,000 investment to enable it to generate more income for UK recruiters.
The company, which specialises in recruitment in the IT sector, is hoping that the investment from Finance Yorkshire will help to benefit 10,000 companies.Read more >>
Over 70 per cent of self-employed people will be basing their EU vote on personal choice rather than what is best for their business, according to a study from Intuit QuickBooks.
The study looked at how self-employed people plan to vote in today’s EU referendum and found that just 20 per cent will base their vote on what will be best for their business rather than their personal or political views.Read more >>
Techspace has secured investment from multimillionaire Leo Noé and Goldacre Ventures to enable it to expand and provide extra space for scale-up companies.
The company, which is based in London and specialises in providing flexible co-working space for fast-growth tech companies, will use the £5 million Series A funding to drive growth in the city.Read more >>
Increasing the employment rate of workers over 55 could add £105 billion to the economy, according to Big Four company PwC.
The study compared employment rates of workers across 34 OECD countries and found that whilst the UK performs well in terms of employment rates for older workers when compared to other EU countries, it does less well when compared to countries outside the EU, such as the US and Japan.Read more >>
Entrepreneurial Spark has been identified as the “world’s most active accelerator” in The Global Accelerator Report 2015 from Gust and Fundacity.
The report looked at the performance of UK accelerators and found that they invested $9.9 million in start-ups in 2015.Read more >>
Small and medium-sized cities (SMCs) in the North contribute £82 billion to the UK economy, according to a report from think tank IPPR North.
The report, City systems: the role of smaller towns and cities in growing the Northern Powerhouse, found that the North’s SMCs contribute more to the UK than Wales and Ireland combined and make up a third of the northern economy.Read more >>
York has been named the UK’s top spot for freelancers in a report by PeoplePerHour.com.
The research identified where the UK’s freelance workers and contractors are based, and found that York has the fastest-growing number of self-employed people.Read more >>
Several small businesses have teamed up to become part of a campaign to encourage other small businesses to vote for the UK to remain in the European Union.
The businesses cover a range of sectors and have been chosen for the campaign to show the diversity of the UK’s small businesses.Read more >>
Businesses and entrepreneurs across Britain’s coast will soon be able to bid for a share of £90 million in Government funding.
This fund is part of the Government’s plans to help businesses in these areas thrive, with the first round of funding released in 2012.Read more >>
More people over the age of 65 are choosing not retire because they enjoy being in work, according to a new survey.
The research, which was carried out by insurance company LV=, found that nine out of ten people aged over 65 are happy to continue working; just one in ten felt that they need to carry on working for the money.Read more >>
Small and medium-sized businesses based in Brighton and Cardiff will be working the hardest this bank holiday, according to research conducted on behalf of SME finance solutions company LDF.
The survey found that 95 per cent of SMEs in these areas will be working. Glasgow was also found to have some of the hardest-working SMEs, with 94 per cent working this bank holiday.Read more >>
British MPs Iain Duncan Smith and Stephen Kinnock went head-to-head in an EU Referendum debate in Central London on Wednesday night.
The Brexit Business Case Debate took place at the Institute of Directors on Pall Mall in Central London, where Conservative MP for Chingford and Woodford Green Iain Duncan Smith was joined by former Director General of the BCC, John Longworth, both of whom support the 'Leave' campaign. CBI President, Paul Drechsler CBE, sat alongside Labour MP for Aberavon Stephen Kinnock representing the 'Remain' camp.Read more >>
SMEs are more cost-conscious and spend more time comparing prices than larger businesses, according to research from Applegate PRO.
The research, which surveyed 726 SMEs, found that they are more careful with their spending, enabling them to make considerable savings.Read more >>
Companies are working hard to tackle the skills gap, and those who have not already done so should act now, according to specialist lending and savings bank Aldermore.
The bank’s report, which was conducted in conjunction with YouGov and CEBR, showed that just 29 per cent of businesses are not suffering a skills gap.Read more >>
The British Business Bank has launched the first instalment of a funding scheme to help businesses to grow.
The Help to Grow programme will provide loans of up to £200 million to small businesses to encourage growth and innovation. The first £30 million instalment of the funding has now been made available to growing businesses.Read more >>
The expansion of Heathrow Airport’s runway will help to boost Britain’s economy, according to Lord Paul Deighton.
Heathrow Airport’s new Chairman made his first official visit to Liverpool John Lennon Airport (LJLA) yesterday and highlighted the benefits of an expansion in an election-style manifesto.Read more >>
Over 50 per cent of business owners say that they will base their decision on whether or not the UK should leave the EU on facts, according to a report by software company Sage.
The report showed that the majority of business owners are not interested in what celebrities or politicians think about the upcoming EU, with 56 per cent saying that facts will have the biggest impact on their decision.Read more >>
A further £100 million investment into the development of Gloucester city is expected to create 700 jobs.
Over 3,000 full-time and part-time jobs have already been created in the city following a £260 million investment from Peel Holdings.Read more >>
Businesses in Teesside are being urged to bid for a £1.8 billion funding pot after Northern Powerhouse Minister, James Wharton, announced that the Local Growth Fund still has money to be allocated.
Wharton stated that the funding could help to provide a boost for Teesside, which has experienced many difficulties in recent months, including the closure of the SSI steelworks site.Read more >>
The HullBID Awards will be returning for the third time in 2016 to celebrate businesses in Hull city centre.
The Hull Daily Mail will once again be partnering up with Hull Business Improvement District (HullBID) for the awards, which are now open for nominations.Read more >>
Britain’s red telephone boxes are to be transformed into mini-offices for workers to use whilst on the go.
Bar Works Inc is a US company that provides co-working space, and its Chief Executive Jonathan Black announced plans to launch Pod Works, a project that will see Britain’s red telephone boxes being refurbished and refitted in several major cities.Read more >>
Plans to invest over £2 million in Birkenhead’s town centre have been announced.
Wirral’s Business Improvement District, which has been renamed Birkenhead First, will be using the money to carry out improvements on the town centre and provide business support services over the next five years.Read more >>