NEWS - ENTREPRENEURS & STARTUPS
Data from HM Revenue and Customs, that was provided to financial advice firm Salisbury House Wealth, has shown that the number of millionaires aged under 30 is rising in the UK, with fintech entrepreneurs among those who are contributing to the increase.
The figures showed a 33% rise in the number of people under 30 earning an annual income of more than £1m over the past year.Read more >>
The Start Up Loans Company (SULCo) has lent more than £100m to small businesses in London since its launch in 2012.
SULCo’s London Data showed that 14,000 London-based businesses have benefitted from the government-backed scheme, with the average loan amounting to £7,600.Read more >>
Figures from card payment solutions firm Paymentsense have shown that the UK is leading the way when it comes to Europe’s tech startup scene, with 1.8 million new businesses being registered over last five years.
The UK came in third in the rankings with a start-up growth rate of 5%, with access to a variety of flexible finance options being one of the main drivers of growth.Read more >>
Research from tech firm Studio Graphene carried out in partnership with marketing and communications agency City Road Communications has shown that the uncertainty surrounding Brexit is influencing entrepreneurs in London, with the majority of early-stage companies choosing to remain in the city rather than relocating.
The study surveyed more than 100 founders of London’s start-up businesses to find out how Brexit has impacted them.Read more >>
London – 14th June 2018, the LatAm Edge Awards will be taking place during London Tech Week at the Global Ecosystem Summit, with experts from all five continents converging to debate the current state of tech ecosystems worldwide.
This is the only awards show to specifically focus on Latin American scale-ups looking to expand business to the UK and Europe.Read more >>
CYBG, the owner of Clydesdale and Yorkshire banks, has reportedly given Virgin Money a revised offer of £1.7bn in order to merge and create a challenger bank that would be worth £4bn.
CYBG’s interest in Virgin Money surfaced early last month, when a preliminary approach was made by the company, which valued the latter at £1.6bn, offering 1.1297 of its shares in return for all shares of Virgin Money.Read more >>
A study from financial comparison website Know Your Money has revealed that London is the UK’s most entrepreneurial region, with 66.2% of London-based respondents considering starting their own business.
The study found that 47.6% of UK adults want to set up their own business, with this figure increasing to 64.8% for those between the ages of 16 to 24.Read more >>
Student accommodation aggregator website Nestpick has named London as one of the best cities for entrepreneurial millennials, with the city earning a place in the top ten.
More than 100 cities were included in the research, which was conducted as part of Nestpick’s larger Millennial City Ranking.Read more >>
Research from investment management company Legg Mason has found that nearly half of millennials in the UK want to set up their own business.
The company’s fifth annual Global Investment Survey explored the views of 15,300 people and found that more millennials in the UK are setting the goal of starting up their own company.Read more >>
A study carried out by online investment platform SyndicateRoom with research company Beauhurst has shown fintech companies are growing twice as fast as start-up businesses from other sectors.
The study looked at more than 500 UK start-ups and found there has been a 63 per cent annual growth in the value of early-stage investments in financial services firms, compared to 30 per cent for start-ups in other sectors.Read more >>
London is leading the way for entrepreneurial spirit, with the city topping the latest Barclays Entrepreneurs Index.
The index, which monitors start-up activity, new business growth and the exits of young enterprises, showed that whilst the future of young businesses is uncertain, London is still the main driver of entrepreneurial activity.Read more >>
The latest Barclays Entrepreneurs Index has shown London continues to be the UK’s top city for entrepreneurship, with the number of high-growth businesses in the city increasing by 9 per cent year-on-year.
The annual index showed that the city accounts for 37 per cent of the UK’s high-growth companies and also has the highest overall number of private equity-backed companies at 204.Read more >>
Having a relatable role model could help female entrepreneurs in the UK who wish to set up their own business to feel more confident in their ability to do so, according to research from Facebook.
The social networking website commissioned the research for its #SheMeansBusiness programme and found that more than 80 per cent of aspiring female entrepreneurs believe that having a relatable role model would inspire them to set up their own business.Read more >>
Several UK banks and financial services firms have made it onto ‘LinkedIn’s Top 25 Companies – Startups’ list.
The companies were selected from nearly 25,000 venture-backed companies. Nearly a third of the list was made up of financial technology businesses, including challenger banks and currency converters.Read more >>
Co-working and office space provider WeWork is offering £1.2 million to aspiring entrepreneurs in the UK.
The grant will be given to winners of the Creator Awards - WeWork’s new global initiative to provide financial support to entrepreneurs, small businesses, and growing companies.Read more >>
London has been named as one of the top cities globally for female entrepreneurs in research from Dell Technologies.
The 2017 Women Entrepreneur Cities Index revealed the top 50 global cities for creating and fostering an environment for high-potential women entrepreneurs (HPWE), with London earning a place in the top five.Read more >>
HSBC is providing financial support to small organisations. This is following their recent announcement of a new £10 billion fund.
The money will be allocated across 43 branches in the UK and made available to all - including non-HSBC customers.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Small and medium-sized businesses benefitted from the drop in the pound in 2016, according to data from PayPal.
The online payments company revealed that UK SMEs saw a 10 per cent year-on-year increase in their international sales from January to June last year, whilst the rate of growth increased to 34 per cent from July to December.Read more >>
US-based workspace provider WeWork is searching for start-ups in London to take part in the company’s UK WeWork Labs programme.
The company is now accepting applications for the programme, which will be based out of its London Fields facility in Hackney.Read more >>
The UK has been named the best place to do business by 44 per cent of the country’s population in a survey by SME finance firm Idinvest Partners.
The research found that over 55 per cent of respondents have confidence in the UK when it comes to economic performance.Read more >>