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NEWS - ENTREPRENEURS & STARTUPS

NEWS - ENTREPRENEURS & STARTUPS

ICAEW launches digital financial guide for start-ups and SMEs

ICAEW launches digital financial guide for start-ups and SMEs

The ICAEW has launched the British Finance Guide, which offers free advice on lending and investment for small businesses.

It also contains contributions from the British Business Bank and over 20 other bodies from the business and finance sectors.

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Small Business Mentoring competition to support UK companies

Small Business Mentoring competition to support UK companies

Barclaycard will be partnering up with The Guardian Small Business Network to give UK businesses the chance to receive advice from leading mentors.

Successful applicants to the Small Business Mentoring competition will receive support. The competition is open to British SMEs with less than £15 million turnover in the retail, professional services, and hospitality sectors.

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Entrepreneurs to be offered flexible working space in London library

Entrepreneurs to be offered flexible working space in London library

A London-based library has announced plans to provide flexible working space for the city’s entrepreneurs.

The Whitechapel Idea Store, which is located in London’s East End, is aiming to create a workspace where early-stage businesses and entrepreneurs who are looking to set up their own business can network and trade.  

 

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More SMEs choosing to work remotely, according to research

More SMEs choosing to work remotely, according to research

More SMEs are now choosing to work remotely, according to research from internet-based phone service company Nimvelo.

The research showed that 66 per cent of small businesses are now choosing to operate from a remote location or employing remote workers. 

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UK start-ups announced as winners of VOOM 2016 competition

UK start-ups announced as winners of VOOM 2016 competition

Two start-ups from the UK have been announced as winners of Virgin’s VOOM 2016 competition.

The companies will be awarded a share of a £1 million prize from Sir Richard Branson.

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Deloitte launches cloud-based accounting service for SMEs

Deloitte launches cloud-based accounting service for SMEs

Deloitte has launched a cloud-based accounting and analytics service for start-ups and SMEs. The Big Four company has invested £2.5 million into the project, which is called Propel.

Propel will provide a wide range of services, which will be available to the UK’s 5.4 million small business owners. 

 

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Working for free is necessary for small businesses, survey shows

Working for free is necessary for small businesses, survey shows

Over 25 per cent of small business owners believe that working for free is a necessary step when starting up a business, according to research from micro-business company Chorus.

The research showed that over 60 per cent of micro-business owners have worked for free in order to get their business started up. 

 

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Funding Circle teams up with EIB to help small businesses

Funding Circle teams up with EIB to help small businesses

Peer-to-peer lending company Funding Circle has partnered with the European Investment Bank (EIB) to support small businesses by increasing loans.

The partnership, which comes just a few days before the EU referendum, is expected to provide £100 million worth of loans for small businesses. This will be the first time that the EIB has provided lending through a peer-to-peer company.

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Virgin Trains launches new service for SMEs

Virgin Trains launches new service for SMEs

Over the weekend, Virgin Trains launched a new booking tool for small and medium-sized businesses named Railblazers.

The service will support SMEs by enabling them to easily travel across the Virgin Trains Network to attend business meetings.

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StartUp Britain bus tour to inspire thousands of entrepreneurs

StartUp Britain bus tour to inspire thousands of entrepreneurs

The 2016 StartUp Britain bus tour has now been launched. 

The tour is part of a partnership between NatWest and StartUp Britain, and aims to inspire thousands of entrepreneurs across Britain.

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RateSetter to help SMEs become more productive

RateSetter to help SMEs become more productive

RateSetter is to help SMEs by providing business loans. The peer-to-peer lending company, which connects investors with lenders, has so far helped individuals and sole traders, facilitating £1.3 billion of lending.

The company has now hired a specialist team to enable it to break into business loans. The service is being backed by the Government and supported by the British Business Bank. 

 

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Government launches new group for entrepreneurs

Government launches new group for entrepreneurs

The Government has launched a new group to provide more support for entrepreneurs and encourage more people to set up their own business.

Business Secretary Sajid Javid has created the All-Party Parliamentary Group (APPG) for Entrepreneurship to help limited company contractors and small business owners resolve their business problems.

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ACCA publishes financial guide for entrepreneurs

ACCA publishes financial guide for entrepreneurs

The Association of Chartered Certified Accountants (ACCA) has published a financial guide for entrepreneurs.

The report, entitled Financial management and business success – a guide for entrepreneurs, has been launched to help entrepreneurs understand how financial management can help their business and offers advice on how to successfully grow a business. 

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One in 30 people are now business owners, according to research

One in 30 people are now business owners, according to research

One in 30 people in the UK own a business, according to research from Direct Line for Business.

The research looked at the number of microbusinesses in the UK and found that they represent 89 per cent of all UK businesses.

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Pension startup secures £3.3 million in funding

Pension startup secures £3.3 million in funding

A London-based startup company has secured £3.3 million in funding to enable it to expand its customer base.

Smart Pension is an auto-enrolment pension company that provides pension solutions for small businesses. 

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SMEs encouraged to apply for Goldman Sachs initiative

SMEs encouraged to apply for Goldman Sachs initiative

SMEs are being encouraged to apply for an initiative launched by global investment banking company Goldman Sachs.

The “10,000 Small Businesses” UK initiative was first launched in 2010 to help provide support for small companies.

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Entrepreneurs planning to expand workforce, according to survey

Entrepreneurs planning to expand workforce, according to survey

More than six in ten entrepreneurs in the UK are planning to increase their workforce, according to the EY Global Job Creation Survey 2016.

The research surveyed over 400 entrepreneurs and found that 63 per cent are expecting to add to their payrolls over the next 12 months, up from 44.5 per cent who expected to increase their hiring in the same period last year. 

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More people starting up business to tackle unemployment, survey shows

More people starting up business to tackle unemployment, survey shows

More people are choosing to start up their own business to tackle unemployment, according to a survey from AXA.

The research showed that 30 per cent of businesses were created in the past five years as a result of redundancy or long-term unemployment.

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Small businesses to invest more over next 12 months

Small businesses to invest more over next 12 months

Over 60 per cent of small businesses are planning to increase their spending over the next 12 months, according to research from eBay.

The ecommerce company found that two-thirds of small businesses in the UK are expected to ramp up investment through 2016-17, with 45 per cent placing more focus on marketing. 

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International trade expected to boost SME growth by 25%, survey shows

International trade expected to boost SME growth by 25%, survey shows

According to research from EE, international trade will boost the growth of Britain’s SMEs by 25 per cent. 

The EE SME International Ambitions survey interviewed 1,000 businesses, as well as identifying the top target markets for small businesses.

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Cost of co-working spaces rising as start-ups push up demand, figures show

Cost of co-working spaces rising as start-ups push up demand, figures show

The cost of co-working spaces is rising as more start-ups are choosing to work in a flexible and collaborative environment.

Figures from SpareOffice revealed that the most expensive rents for co-working spaces are in cities with a thriving tech sector, indicating that more start-ups are choosing to work in these environments.

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Innovation centre for financial sector businesses opens in London

Innovation centre for financial sector businesses opens in London

An innovation centre for businesses in the financial sector has opened in London.

The hub, set up by Synechron, will focus on providing workshops for businesses that are committed to investing in digital transformation and technology.

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Research reveals best place to start a business

Research reveals best place to start a business

New research from Vonage has shown the best locations in the UK for entrepreneurs and fledgling companies.

The study shows the survival rate of start-ups since 2014, when over 500,000 new companies were launched. Graduate pools in local areas, broadband speeds and property prices were also looked at in the research. 

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Royal Mail launches online mailshot tool to help small businesses

Royal Mail launches online mailshot tool to help small businesses

Royal Mail has launched a mailshot tool for small businesses. The company has created the online tool to enable businesses to easily connect with their customers.

Businesses will be able to create their own mailshots from 49p, which they will be able to have delivered to customers within three working days. The mailshots can be sent to any location in the UK.

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British parents want to start their own businesses, report shows

British parents want to start their own businesses, report shows

Over 60 per cent of British parents want to set up their own business, according to a survey carried out by the Start Up Loans Company.

The research, which surveyed 2,000 adults aged 18 and over, found that the majority of parents want to quit their current job and start up their own business as it would provide them with a better work-life balance. 

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