NEWS - ENTREPRENEURS & STARTUPS
There was a decline in small business lending in one year across ten cities in the UK, according to a report from Hampshire Trust Bank.
The SME Growth Watch Report 2016 showed a 6 per cent drop of £2 billion between the fourth quarter of 2014 and the fourth quarter of 2015. However, the British Bankers’ Association (BBA) said that small business lending has picked up again in 2016.Read more >>
Networking can help boost the performance of small businesses, with 50 per cent saying that it has helped them to increase profits, according to research from NatWest.
The research, which surveyed over 630 senior decision makers from small businesses, found that 70 per cent of businesses have secured new business through networking. However, 33 per cent said that they are struggling to form new connections.
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Research by the Institute of Directors (IoD) has shown that entrepreneurs continue to be positive about the UK as a location for setting up a new business.
The research, which surveyed almost 200 entrepreneurs, found that 85 percent would choose Britain over other locations in Europe to set up a business.Read more >>
A new guide has been launched to promote London as a start-up hub and encourage people to set up and grow their business in the city.
The StartUp Guide London was produced by content publishing company StartupEverywhere.com in partnership with innovation consultancy newmedia2.0 and aims to market the city internationally following the UK’s vote to leave the EU.Read more >>
Over 50 per cent of respondents to a recent survey from membership organisation FoundersCard are planning to take at least one trip that combines work and leisure in 2017.
The organisation surveyed 334 of its members, finding that over 80 per cent have already taken a “workcation”.Read more >>
Startups and small businesses in the UK need to improve their SEO to enable consumers to find them online, according to a report from 123 Reg.
The research, which surveyed over 1,000 adults in the UK, found that three out of five respondents believe that online searches favour established stores over smaller brands.
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Over 1.6 million Brits have helped to bridge the funding gap by lending money to their friends and family to enable them to start a business, according to research by ThinCats, a peer-to-peer lender.
The research found that entrepreneurs are being given £4,479 on average to help them to set up their business, with a total of £7.2 billion being lent directly from family and friends.Read more >>
London-based video agency Hub has joined up with e-commerce website Alibaba.com and US business network CNBC to launch a new TV show highlighting the work of entrepreneurs in the UK.
Pop Up Start Up will have a similar format to The Apprentice and Dragons’ Den, with 12 start-ups launching their own business and competing for a cash prize.Read more >>
The UK and Poland will be working together to support entrepreneurs from both countries, Prime Minister Theresa May has announced.
Speaking after a number of meetings between British and Polish government ministers earlier this week, May said that the main focus will be on supporting small enterprises and boosting economic ties between the UK and Poland.Read more >>
Britain has been named one of the top places for entrepreneurs in a new study from the Mara Foundation and Opinium Research.
The study looked at which countries provide the best entrepreneurial environments, with the UK coming in fifth place above the United States and most of the EU.Read more >>
The Government has launched an advisory panel to help boost investment in the UK’s small and medium-sized businesses.
The panel will consist of over 20 prominent business figures and entrepreneurs, who will collaborate with the Government with the intention of making sure that before 2020, £1 of every £3 that Whitehall invests in goods and services will be given to SMEs, which could help to create an additional £3 billion of new business every year.Read more >>
Research from Virgin StartUp has found that the UK’s start-up community generates over £196 billion each year for the economy.
The report, entitled The Start-Up Low Down: How Start-ups are Changing Britain, found that 40 per cent of businesses were founded in the past three years.Read more >>
London-based lender Wirefund will soon be providing financial support for an additional 3.6 million British businesses.
The company has expanded its service after receiving approval from the Financial Conduct Authority (FCA).Read more >>
A report by Fujitsu has found that over 90 per cent of European entrepreneurs believe that their business must evolve in order to succeed.
The research found that 60 per cent of the respondents believe that digital disruption is the biggest challenge that their business is currently facing.Read more >>
Over 50 per cent of business owners in the UK believe that Britain’s exit from the EU will help to boost entrepreneurship, according to a study from Amway.
The Global Entrepreneurship Report showed that the referendum has not dampened entrepreneurial spirit, with over 65 per cent of businesses believing that a single economy is good for business.Read more >>
Entrepreneurial performance in the UK is higher than ever before, according to Barclays’ Entrepreneur Index.
The index showed that entrepreneurial performance had increased by 10 per cent since 2011.Read more >>
The Building Small Business Britain report has found that an initiative set up by finance company Goldman Sachs has had a positive impact on the growth of small businesses in the UK.
The report assessed 933 companies that graduated from the 10,000 Small Businesses UK programme in 2010 – 2015 to see how the initiative impacted their growth.Read more >>
BT has launched a competition for start-ups and small businesses to find new innovations that will help the company’s UK customers to feel more connected to their family, friends and communities.
The competition, which will be run by BT’s Infinity Lab, will give start-ups and small businesses the opportunity to present their ideas in a Dragons’ Den-style pitch to a panel of the company’s experts.Read more >>
The British Insurance Brokers' Association (Biba) has published a guide for small businesses to help them avoid under-insurance.
The new guide intends to help small businesses obtain the appropriate level of insurance cover to properly protect them against damage to or loss of their property, or injury caused to staff or others by their business.Read more >>
Small business confidence is at an all-time high for 2016 in the UK, according to a study from Hitachi Capital Business Finance.
The study surveyed 1,006 small and medium-sized enterprise owners, questioning them on the outlook of their business for the coming three months, and found that business confidence has increased by 11 per cent from the last quarter.Read more >>
An online financial technology lender has revealed that it will provide funding for SMEs by expanding to the UK.
Spotcap, which provides business loans and credit lines to SMEs, is hoping that the expansion will enable the company to help SMEs in the UK to grow.Read more >>
Fintech start-ups in London are to receive free legal services worth thousands of pounds through a new programme launched by law firm Slaughter and May.
The Fintech Fast Forward programme will be accepting applications from start-ups in sectors such as distributed ledger technology, datatech, regtech, and insurtech.Read more >>
The Government’s Enterprise Investment Scheme (EIS) has helped private investments in SMEs to reach a record high, according to a study from Salisbury House Wealth.
The study found that SMEs received £1.8 billion from private investments through the scheme in the last year, an increase of 14 per cent from £1.6 billion on the previous year.Read more >>
The majority of the UK’s small businesses make a profit in their first year, according to research from Yell Business.
The research surveyed 1,500 small business owners, and found that 79 per cent of small businesses achieve profitability in their first year, whilst a further 27 per cent make a profit within one or two months.Read more >>
Over 75 per cent of business leaders worldwide believe that the UK is a good location to start a business, despite the vote to leave the EU, according to research from Barclays.
The research surveyed 1,350 business leaders worldwide, questioning them on their perceptions of British entrepreneurs and their experiences of doing business with scale-up businesses in the UK.Read more >>