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NEWS - ENTREPRENEURS & STARTUPS

NEWS - ENTREPRENEURS & STARTUPS

Average cost of start-up business is £12,601

October 21 ,2016 | by Helen Gould

Average cost of start-up business is £12,601

Research from Lloyds Bank has shown that the average cost of a start-up business that is not home-based is £12,601.

According to the survey, 30 per cent of new business owners found that the cost of starting up a new business was more expensive than they thought, with just 6 per cent saying that the cost was lower than their budget.

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Finalists for Great British Entrepreneur Awards announced

October 19 ,2016 | by Claire Payne

Finalists for Great British Entrepreneur Awards announced

Over 100 entrepreneurs from the UK have been announced as finalists in the Great British Entrepreneur Awards.

The Great British Entrepreneur Awards, which are held in association with NatWest, celebrate the contributions and innovations of entrepreneurs in Britain and the impact that they have on the UK economy. 

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Amazon to host first ever UK academy for small businesses

October 18 ,2016 | by Thiago Kiwi

Amazon to host first ever UK academy for small businesses

Amazon has announced that it will be hosting its first ever business academy in the UK for small businesses.

Run in partnership with small business group Enterprise Nation and The Guardian Small Business Network, the Digital Business Academy will provide support to SMEs to help them learn how to use digital skills to boost their business. 

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£1m fund launched to help SMEs close digital skills gap

£1m fund launched to help SMEs close digital skills gap

A £1 million fund has been launched to help SMEs to close the digital skills gap for young people and increase their employability. 

The iAMDigital fund, which has been set up by Creative England and Nominet Trust, will also help to support the growth of new and established SMEs. 

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£2m fund available to North East SMEs

October 18 ,2016 | by Helen Gould

£2m fund available to North East SMEs

SMEs from the North East are being invited to apply for a share of a £2 million cash pot.

The North East Business Support Fund, which is run by enterprise agency NBSL, is providing funding for over 1,400 businesses in the region.

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Northern social entrepreneurs to pitch for £250k investment

Northern social entrepreneurs to pitch for £250k investment

Social entrepreneurs across the North of England can pitch for a share of a £250,000 investment pot with a Dragon’s Den-style funding panel.

Dragon’s SEN is part of Northern Enterprise 2016 conference, and will give six social entrepreneurs the chance to pitch their business ideas and gain investment into their business.

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Number of SMEs trading overseas has doubled

October 11 ,2016 | by Hari Sri

Number of SMEs trading overseas has doubled

The number of British SMEs investing in export activity has doubled over the past year, according to a report from business funder Bibby Financial Services (BFS).

The latest SME confidence tracker, which looks at the investment intentions, sales performance and confidence of SMEs, found that 15 per cent of SMEs invested in trading overseas in the third quarter of 2016, up from 8 per cent over the same period last year. 

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SMEs using e-commerce and export more confident

October 09 ,2016 | by Thiago Kiwi

SMEs using e-commerce and export more confident

SMEs that invest in e-commerce and exporting are more confident about the growth of their business than those that do not, according to findings from Capital Economics.

The SME Growth Tracker, which was commissioned by Enterprise Nation and Amazon UK and was based on a YouGov survey of over 1,000 SMEs in the UK, found that nearly half of British SMEs expect revenue growth to come via e-commerce over the next 12 months. 

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Number of startups in London increasing

October 06 ,2016 | by Thiago Kiwi

Number of startups in London increasing

The number of VAT and/or PAYE-based businesses is increasing in London, making up 18.7 per cent of the UK total, according to the Office for National Statistics (ONS).

Figures also showed that London has the largest growth for startups, with an increase of 7.2 per cent between 2015 and 2016, compared to 6.9 per cent in 2014-2015. 

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New fund to help SME house builders

October 05 ,2016 | by Thiago Kiwi

New fund to help SME house builders

The Government has announced a new £3 billion fund to assist SME house builders tackle the housing crisis. The announcement comes after house builders called for minsters to launch the fund before the release of the Autumn Statement in November.

The fund will provide support for small-scale developers, enabling them to have access to finance, and will help to deliver 225,000 new homes. 

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UK’s largest ever seed funding competition for start-ups launched

UK’s largest ever seed funding competition for start-ups launched

Startups.co.uk has teamed up with investment company Worth Capital to launch the UK’s largest ever seed funding competition for start-up businesses.

The Start-Up Series competition will give start-ups the opportunity to apply for a share of a £1.8 million investment fund.

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Alternative finance platform to help UK startups

September 28 ,2016 | by Thiago Kiwi

Alternative finance platform to help UK startups

Praetura Asset Finance, an alternative finance platform, has secured an £18 million investment from the British Business Bank to help UK startups.

The company, which was launched in 2014, provides a wide range of financial services for small businesses, including asset finance, finance leasing, hire purchase and refinancing facilities of between £10,000 and £2 million.

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Birmingham named most enterprising city in Britain

September 27 ,2016 | by Claire Payne

Birmingham named most enterprising city in Britain

Birmingham has been named the most enterprising city in Britain in the 2016 Enterprising Britain Awards.

The Enterprising Britain Awards are run by Investment in Young People on behalf of the Department for Business, Energy and Industrial Strategy, and celebrate local initiatives to support business and growth.

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DCMS launches cyber innovation centre for startups

September 24 ,2016 | by Thiago Kiwi

DCMS launches cyber innovation centre for startups

The Government Communications Headquarters (GCHQ) and the Department for Culture, Media and Sport (DCMS) have teamed up to launch a cyber innovation centre for startup companies.

The centre, which is called Accelerator, will help startup companies to develop new cyber security systems to protect the UK from cyber-attacks. 

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Small Business Saturday launch date announced

September 21 ,2016 | by Hari Sri

Small Business Saturday launch date announced

The launch date for this year’s Small Business Saturday will be 3rd December.

The event, which was set up to support UK small businesses, is now in its fourth year.

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Majority of young people want to start businesses, shows survey

September 21 ,2016 | by Helen Gould

Majority of young people want to start businesses, shows survey

Research from ABE has found that 82 per cent of the UK’s young people want to become entrepreneurs.

The research showed that many young people are planning to set up their own business in the future, with 4 per cent already having done so.

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UK one of best countries for social entrepreneurs

September 18 ,2016 | by Thiago Kiwi

UK one of best countries for social entrepreneurs

The UK has been named as one of the top countries to be a social entrepreneur in a new study.

The research, which was carried out by Thomson Reuters in partnership with Deutsche Bank, advice group UnLtd and the Global Social Entrepreneurship Network, is the world’s first poll for locating the best countries for social entrepreneurs. 

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Aviva and Founders Factory searching for fintech start-ups

September 16 ,2016 | by Thiago Kiwi

Aviva and Founders Factory searching for fintech start-ups

Founders Factory is searching for start-ups to participate in its accelerator programme, which was set up in partnership with insurance company Aviva.

The programme, which lasts for six months, was launched earlier this year in May and will be selecting five start-ups each year. There are currently three places left on the programme.

 

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Research reveals UK cities with cheapest startup costs

September 15 ,2016 | by Thiago Kiwi

Research reveals UK cities with cheapest startup costs

The UK’s cheapest cities for starting up a business have been revealed in research from business finance solutions company LDF.

Newcastle upon Tyne has been named the cheapest location in the UK for setting up a new business, costing an average of £17,008. 

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North East businesses to support 100 start-ups

September 14 ,2016 | by Helen Gould

North East businesses to support 100 start-ups

Two businesses from the North East have teamed up for a scheme that will benefit 100 start-ups in the region and boost the local economy by £5 million.

Harlands Accountants will partner with TEDCO Business Support to provide businesses with support and guidance.

 

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Entrepreneurs drive job growth in North East

September 13 ,2016 | by Hari Sri

Entrepreneurs drive job growth in North East

Entrepreneurship is the driving force behind job growth in the North East, with the number of jobs rising by 1.7 per cent in the last year, according to the NatWest Regional Economic Tracker.

There are now 2.1 per cent more jobs in the region than there were during the financial crisis in 2008. Self-employment has also risen since 2008, with a growth of 16 per cent. 

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E-commerce firm targets UK start-ups and entrepreneurs

September 12 ,2016 | by Claire Payne

E-commerce firm targets UK start-ups and entrepreneurs

A Canadian e-commerce firm named Shopify is targeting start-ups and creative entrepreneurs in London for its new accelerator programme.

It is searching for start-ups and entrepreneurs in the e-commerce sector to participate in the Shopify Partner Accelerator and create more development professionals and web designers in the area.

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Funding organisation raises £40 million for start-ups

September 08 ,2016 | by Claire Payne

Funding organisation raises £40 million for start-ups

Entrepreneur First has raised a £40 million fund to invest in start-ups that graduate through its programme.

The organisation provides pre-seed funding to help entrepreneurs build a technology start-up over six months.

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Royal Mail helping small businesses start exporting

September 07 ,2016 | by Helen Gould

Royal Mail helping small businesses start exporting

Royal Mail is helping small businesses to sell internationally after research from the company found that 60 per cent of businesses are missing out as a result of not exporting abroad.

The company’s International Delivery Matters report also identified the areas that small businesses believe would generate the most sales, with 35 per cent believing that Europe holds the most potential, followed by the US and North America at 28 per cent. 

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Venture capital firm to target London tech startups

September 06 ,2016 | by Thiago Kiwi

Venture capital firm to target London tech startups

A venture capital firm has launched a £252 million fund to invest in early-stage tech startups across Europe.

Northzone, which is based in Sweden, is looking to invest in early-stage tech startups across Europe, with a particular focus on startups from the finance and health sectors in London. 

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