Businesses led by migrants are helping to boost the UK economy, according to a report by the Institute of Directors (IoD) and mi-hub, which provides co-working space specifically for migrant entrepreneurs.
The report, entitled Migrant Entrepreneurship in the UK: celebrating the benefits to Britain, showed that migrants are making a valuable contribution to the UK, helping to create jobs rather than taking them.
The UK has been named as the best G20 country for starting up a digital business in EY’s G20 Digital Entrepreneurship Barometer, which is the basis of a report entitled Digital Disruption – Threat or Opportunity for Entrepreneurship?
The Barometer identified the nations with the best digital environment, with the UK scoring the best marks for the time taken to start up a digital business, taxation frameworks, recruitment practices, and legal efficiency.
Women make up nearly a third of all self-employed, according to research from insurance company Towergate.
The amount of women in self-employment has risen significantly over the past eight years, increasing by 40 per cent, compared to a 13 per cent increase in the total of self-employed men over the same period.
Business in the Community’s Age at Work Leadership Team is urging employers to recruit older workers.
The Leadership Team, which consists of leading companies such as Aviva, Barclays and Boots, and the Department for Work and Pensions, stated that older workers are vital to the future of the UK’s economy.
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.
An online business training platform has been launched for micro-businesses after research showed that companies are failing basic online health checks as a result of a lack of training.
The study, which was commissioned by 123 Reg, revealed that whilst 70 per cent of micro-businesses believe that digital skills are critical to the success of their business, over 85 per cent of micro-businesses in the UK lack basic digital skills.
Finance companies are investing more in innovative technology to compete with new market entrants, according to a survey from recruitment consultancy Robert Half Financial Services.
The research, which surveyed over 100 executives from the financial services industry, showed that 54 per cent of financial services companies will be increasing investment in innovative and disruptive technologies over the next 12 months.