LSBF Blog - Global Matters

Microsoft to offer free digital training in UK

January 27 ,2017 | by Claire Payne

Microsoft has become the latest tech company to announce free digital literacy skills training to everyone in the UK.

The company will offer free online training to 30,000 public servants in the UK to help them boost their knowledge of digital literacy skills. 

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Brexit could drive demand for financial education, research shows

January 26 ,2017 | by Helen Gould

Over 60 per cent of employers in the UK believe that the impact that Brexit has on the UK’s economy could lead to more demand for financial education in the workplace, according to Nudge’s Financial education yearbook 2016/17 report.

The report surveyed over 300 employers and found that 32 per cent already provide their staff with financial education in the workplace, whilst 54 per cent are planning to introduce it or have already started introducing it.

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SMEs to increase headcount in 2017, says research

January 26 ,2017 | by Thiago Kiwi

SME owners are planning to increase their headcount in 2017, new research from Opus Energy has found.

The research found that 15 per cent of SME owners are looking to increase their number of staff by up to 10 per cent this year, whilst 10 per cent are planning to increase their headcount by up to a fifth. 

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Financial advisors to launch private banking service for SMEs

January 25 ,2017 | by Helen Gould

Financial advisors from international financial consultancy company deVere Group are to launch a private banking service for UK SMEs and international clients.

The creation of the bank, which will be called deVere Group Bank St Lucia, follows the company’s acquisition of private banking firm Arton Bank.

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New $1 billion fund for investment in UK start-ups

German internet company Rocket Internet has closed a $1 billion fund to invest in early and growth-stage start-ups in the UK.

The Rocket Internet Capital Partners (RICP) fund is aimed at start-ups in areas such as fintech, software, e-commerce, marketplaces, and travel.

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BBC searching for entrepreneurs with “great business ideas”

The BBC is searching for entrepreneurs with “great business ideas” to take part in the latest series of Dragons’ Den.

Applications are now open for the TV series, which gives entrepreneurs the opportunity to pitch their ideas to a panel of business experts. 

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Accountants want flexibility when considering a new job, survey shows

January 23 ,2017 | by Helen Gould

Research from the Chartered Institute of Management Accountants (CIMA) and Global Accounting Network has found that over half of qualified accountants are motivated by flexibility when taking a new job role into consideration.  

The CIMA 2016 salary insights report surveyed over 3,400 of CIMA’s student accountant members and over 4,400 qualified accountant members and found that 55 per cent of qualified accountants would like a new job that offers flexibility and a better work-life balance, up from 37 per cent in 2015. 

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Working Brits want to start their own business in 2017

January 20 ,2017 | by Thiago Kiwi

Research from accounting software company FreeAgent has found that one in ten Brits would like to start their own business in 2017.

The research, which surveyed 1,000 working people in Britain, found that the majority of workers wish to become entrepreneurs, with 54 per cent saying that they would like to work for themselves. 

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Law firm launches technology incubator programme for legal startups

January 19 ,2017 | by Thiago Kiwi

A law firm has launched a technology incubator programme for innovative early-stage businesses and growth technology startups that are able to provide products and services for the legal industry.

Mishcon de Reya has launched its MDR LAB with innovation specialists and investors L Marks, and is now accepting applications from businesses with concepts or products and services that are at a revenue-generating stage. 

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Fintech Innovation Lab London launches largest programme class

January 18 ,2017 | by Thiago Kiwi

Fintech Innovation Lab London is to launch its largest ever class since the lab was first launched in 2012, with 20 start-ups being selected for its 2017 12-week programme, Accenture has announced.

The lab’s latest programme received over 300 applicants, its largest ever number, with start-ups from North America, the Middle East, Russia, Turkey and the Nordica registering the most interest. 

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UK employees want to work from home, according to research

January 17 ,2017 | by Claire Payne

Research has found that over 80 per cent of workers in the UK would like to work from home, whilst just 36.5 per cent currently do so.

The research marks the start of Work From Home Week, which was launched yesterday and will run until January 22. 

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Funding Circle raises £82 million in equity funding

January 16 ,2017 | by Erin O’Neill

Funding Circle has secured £82 million in equity funding, enabling the peer-to-peer lending platform to provide financial support to small businesses and create thousands of jobs.

The £82 million round, which was led by venture capital firm Accel and received contributions from Funding Circle’s existing investors Union Square Ventures, Baillie Gifford and Ribbit Capital, comes after the lending platform secured £40 million investment from the Government’s British Business Bank earlier this month.

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Over £6.7 billion invested in UK’s tech businesses in 2016

Tech businesses in the UK attracted more than £6.7 billion in venture capital funding and private equity funding in 2016, more than the amount invested in tech businesses from any other country in Europe, new research from London & Partners has shown.

The research found that over a third of the amount invested in tech businesses last year went to London-based businesses, whilst a total of £4.7 billion in private equity investment went to the UK’s tech sector. This brings the total investment into the country’s tech businesses since 2011 to £9.6 billion. 

 

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Training scheme to plug UK’s digital skills gap

January 13 ,2017 | by Helen Gould

Amazon is to help plug the UK’s digital skills gap by launching a training scheme for young people and ex-military personnel.

Amazon Web Services (AWS) will partner with the Prince’s Trust and the Ministry of Defence to launch AWS re:Start, which aims to help 1,000 additional people to learn digital skills.

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Employers changing recruitment process to access top talent, survey shows

January 12 ,2017 | by Erin O’Neill

Employers are changing their recruitment process to enable them to have access to talented staff more quickly, according to a survey from TotalJobs.

The study of over 3,000 jobseekers and 100 employers found that over 45 per cent of employers have shortened their hiring process as they struggle to find and compete for talented staff.

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Scotland’s small businesses are digital skills leaders, according to index

Small businesses in Scotland are ahead of their UK counterparts when it comes to digital skills, according to the Bank of Scotland’s annual Business Digital Index.

The index surveyed 2,000 small businesses and charities, assessing basic online skills such as managing information, transactions, communication, creating and problem solving, and found that over 67 per cent of businesses in Scotland possess these skills – higher than the UK’s average of 62 per cent. 

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Record number of recruitment start-ups launched last year, figures show

A record number of recruitment start-ups were launched in 2016, according to figures obtained by Clearly PR & Marketing Communications under a Freedom of Information request from executive agency Companies House.

According to the figures, 2016 saw a 13.7 per cent increase in the number of recruitment businesses, with 4,529 start-ups being registered between January and December.

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UK entrepreneurs receive titles in 2017 New Year’s Honours

January 05 ,2017 | by Claire Payne

A host of business owners have been awarded titles from the Queen as part of the New Year’s Honours list.

This year’s list consisted of 1,047 recipients and featured entrepreneurs from a wide range of industries, including STEM (science, technology, education and maths), fashion and hospitality. 

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Record number of entrepreneurs expected to register business in January

Research from domain name registration website 123 Reg has shown that a record number of entrepreneurs in Britain are expected to register their businesses this month.

The research found that January is a popular time for starting a business, with the majority of business websites being registered during this month.  

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ACCA outlines key priorities for accountancy success

January 04 ,2017 | by Helen Gould

The Association of Certified Chartered Accountants (ACCA) has released a checklist outlining the key priorities for achieving success in the accountancy profession in the new year.

The checklist is aimed at accountancy professionals, business leaders and policy makers and consists of a wish list to help professionals deal with uncertainties in 2017, including the upcoming negotiations over Brexit. 

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Demand growing for more workspace in UK

January 04 ,2017 | by Erin O’Neill

The need for flexible office rentals in the UK has been increasing, leading Dutch workspace provider Spaces to expand across the country.

The company will be opening up ten new UK sites in 2017.

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North West is a top area for start-ups, research shows

January 03 ,2017 | by Claire Payne

The North West is a top area for start-up businesses, with the number of businesses in the region increasing by 10 per cent in 2016, according to research from insolvency and restructuring trade body R3.

The research found that there are now a record number of start-ups in the North West, with an additional 32,774 businesses in the area than at the end of 2015. This brings the number of businesses in the region to more than 347,200. 

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Start-ups offered £150,000 in UK’s largest seed funding competition

January 02 ,2017 | by Claire Payne

UK start-ups are being offered the opportunity to secure £150,000 in the UK’s largest ever seed funding competition.

The Start-Up Series is a monthly competition and has returned for January to give early-stage companies the chance to secure equity funding from a £1.8 million Seed Enterprise Investment Scheme (SEIS).

 

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Research shows increase in Christmas tax returns

December 30 ,2016 | by Helen Gould

Research from HM Revenue and Customs has shown that more self-employed workers are choosing to complete their tax return early, with 14,000 people filing their return over the Christmas period.

The research found that 1,944 people filed their tax return online on Christmas Day, a decrease of 100 from last year.

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Co-op to create new jobs across UK

December 29 ,2016 | by Thiago Kiwi

The Co-op is to invest £70 million into a growth project that will see hundreds of new jobs being created in the UK in the new year.

The company will be opening 100 stores for the project, with many of them being located in London and the South East. There will also be new stores in Swansea, Sheffield, Kings Bromley in Staffordshire, and Beverley in Yorkshire.

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