LSBF Blog - Global Matters
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.Read more >>
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 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.Read more >>
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.Read more >>
The North East has the fastest growing tech sector in the UK, with the region’s GVA contribution being double the UK average, according to a report from the Office for National Statistics.
The report showed that the GVA contribution of the region’s Information and Communications sector experienced a growth of 14.9 per cent.Read more >>
British businesses are feeling positive about their future, according to a survey from the Institute of Directors (IoD).
The IoD surveyed 34,000 businesses, questioning them on how they believe Brexit will affect their future, and found that 60 per cent of British businesses are “optimistic” or “very optimistic” about the upcoming year.Read more >>
Small businesses want improved availability of technology, with 37 per cent believing that it will positively impact on growth next year, according to the annual SME Hopes and Fears Index from Barclays.
The index also revealed the other most important factors when it comes to boosting growth, with 30 per cent citing opportunities for exporting and access to international markets, 22 per cent moving their business online and having a digital presence, 22 per cent consumer demand and 21 per cent the condition of the UK’s economy.
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A new study from Hitachi Capital Business Finance has revealed what SMEs are looking for from business lenders, with the majority wishing to receive more support and a genuine partnership.
The company’s British Business Barometer surveyed over 1,000 small business owners, questioning them on what they believe banks and other providers in the finance services industry should do in order to help them grow their business.
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Christmas can help SMEs in the UK to make additional revenue, with 60 per cent of businesses experiencing equal or higher levels of work during the period, according to research commissioned by freelancing platform Upwork.
The research found that businesses can benefit from staying open during the Christmas season, with over 35 per cent of businesses believing that their income could increase by up to 50 per cent.Read more >>
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 >>
New research has revealed how people feel about achieving success in their career.
The survey from First Direct questioned 2,000 British people on the definition of success and what they believe employers should do to enable them to have a successful career.Read more >>
Asset-based lending to businesses in the UK has reached a record high, helping to bridge the funding gap, according to the Asset Based Finance Association (ABFA).
Figures showed that asset-based lending has reached £4.3 billion, up by 22 per cent from last year and 71 per cent since 2011.Read more >>
Recruitment agency Morgan McKinley has found that the number of jobs in London’s finance sector has increased since the EU referendum.
The company’s London Employment Monitor showed an increase of 6 per cent year-on-year in November, indicating that employment in the City could remain strong.Read more >>
A new online portal has been launched by the Government to provide small businesses in the UK with export opportunities.
The GREAT.gov.uk trade hub was set up by the Department of International Trade.Read more >>
Over 40 per cent of workers in the UK would accept a new job if they were able to work from home, according to a new study.
The research also found that workers would be more attracted to a job role that offers staff the option of having a nap.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 >>
Yorkshire and Humber are set to have the fastest economic growth in the UK in 2016, according to EY’s UK Region and City economic forecast.
The forecast showed that Yorkshire and Humber is expected to have a gross value added (GVA) growth of 2.5 per cent in 2016, up from the predicted average growth of 2 per cent GVA.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 >>
Businesses are expecting a higher growth rate over the next quarter, according to the Confederation of British Industries (CBI).
The latest growth indicator, which surveyed 750 respondents, showed that growth in the UK’s private sector has remained steady over the past three months.Read more >>
Over 700,000 jobs were created by businesses in the UK from 2014 to 2015, according to research by the Enterprise Research Centre (ERC).
The research found that 709,174 new jobs were created over this period, with nearly a quarter of them being created by businesses in London.Read more >>