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.
Growth in bonuses is outstripping the average increase in salary in accountancy roles as employers make retaining top talent a priority, according to data from the Chartered Institute of Management Accountants (CIMA) and finance recruitment agency Global Accounting Network.
The data showed that average salaries increased by 1.9 per cent, up from £62,791 in 2015 to £63,991 this year, whilst average bonuses saw a much bigger increase, up from 8 per cent of annual salary to 12 per cent over the same period.
A business pitch competition has been launched to give female entrepreneurs in Scotland the opportunity to secure angel investment.
Organised by Investing Women, and in its second year, the AccelerateHER competition is open to female entrepreneur-led businesses throughout Scotland and is the only pitch competition for women in the country.
Over 10 per cent of business owners turn to business websites for advice, according to research from small business support company Informi.
The research, which surveyed over 500 business owners, found that business websites are the third main source of information for small businesses, with the main source being accountants at 22 per cent, followed by Google at 19 per cent.
The number of female inventors is on the rise, with an increase of 60% worldwide since 2000, according to research from the Intellectual Property Office.
The research showed that the number of female inventors in the UK has risen by 16% over the past ten years, with Taylor Wessing’s Global Intellectual Property Index recently naming the UK as the best place in the world to patent.
The United Kingdom has been ranked eighth out of 137 countries worldwide and fifth out of 41 European countries for starting a business in a report from Global Entrepreneurship Week.
The Global Entrepreneurship Index 2017, which was produced by the Global Entrepreneurship and Development Institute, gave the UK an over-all score of 71 per cent, making it one of the top ten places in the world for starting up a business.
Flexible working has been named one of the three most important priorities for employees when they are presented with a package of benefits, cited by over three quarters of respondents in a survey by BT.
The company’s Mobile multiplier report surveyed 1,528 employees in offices throughout the UK, France, Germany and Spain, and similarly found that over 65 per cent of respondents consider being able to work independent of location and use good technology flexibly better benefits than a company car
Over 20 female finalists for this year’s NatWest everywoman Awards have been announced. The awards, which is in its 14th year, celebrate the success of female entrepreneurs in Britain, from women who are running an early-stage business to those who own a more established organisation.
This year’s finalists are from a diverse range of industries, including design, technology, professional services and manufacturing, and were selected for their drive, their appetite for risk and their focus on growing their business.
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.
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.
By 2026, accountants believe that tech skills will be required in order to succeed, according to a report from cloud-based accounting software company Xero.
The report showed that whilst the majority of accountants are aware of how important it is to keep up to date with new technologies, many of them are not investing enough time into developing skills to allow them to do so.
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.
BT has boosted the UK economy by £23 billion in the last year, according to a report by Regeneris Consulting.
The report, which is titled The Economic Impact of BT and EE in the UK, showed the contributions that BT and EE, which BT has taken over, have made to the economy across England, Scotland, Wales and Northern Ireland in the financial year 2015/2016.