LSBF Blog - Global Matters
A new venture capital firm is to invest in technology companies across Europe to enable them to grow.
KEEN Venture Partners, which is headed up by former BT executive Ben Verwaayen and TomTom COO Alexander Ribbink, will be investing in innovation hubs in the UK, Netherlands, Sweden and Germany.
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Specialist lender Together has confirmed that the company is part of NatWest’s Capital Connections panel of finance providers, with the scheme now being available to businesses nationwide.
The scheme enables businesses that are unable to obtain finance from NatWest to have access to alternative funding.Read more >>
Introducing flexible working hours would contribute most to reducing stress at work, according to a study by Cascade HR.
The research surveyed over 1,000 full-time or part-time employees and asked them what their employers could do to help reduce stress. Introducing flexible working hours was cited by nearly half of respondents.Read more >>
Under a new government scheme, nine of the UK’s major banks will offer small businesses more finance options.
This new initiative will see the details of small businesses passed on to finance platforms by big banks that have rejected them for finance.Read more >>
The Government is aiming to make the UK the safest place in the world to do business by spending an additional £1.9 billion to help prevent cyber security threats.
Chancellor Philip Hammond outlined the new strategy, which will see the Government working with companies and investing in experts over the next five years to help tackle and prevent cyber-attacks.Read more >>
Over 35 per cent of millennials want to be their own bosses and have their own business, according to a new study from Opinium Research.
The research found that over 50 per cent of millennials hope to become self-employed by the time they reach their late 20s.Read more >>
The UK’s top ten highest paid jobs of 2016 have been revealed in a survey from the Office of National Statistics (ONS).
The Annual Survey of Hours and Earnings 2016 used 2015/2016 pay-as-you-earn (PAYE) tax records to obtain the data, surveying a sample of 1 per cent of full-time workers from each occupation.
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Fintech start-ups in London are to receive free legal services worth thousands of pounds through a new programme launched by law firm Slaughter and May.
The Fintech Fast Forward programme will be accepting applications from start-ups in sectors such as distributed ledger technology, datatech, regtech, and insurtech.Read more >>
Business confidence in Britain is at a high after the Brexit vote, with 37 per cent of UK companies expecting their business prospects to improve, according to a survey from Lloyds.
The survey showed that businesses feel confident about the UK’s economy, with 47 per cent saying that they expect the economy to improve and 34 per cent being positive about the direction in which the country is heading. Just 13 per cent of businesses had a negative view.Read more >>
A scheme has been launched to search for entrepreneurs as young as five in Cumbria, with 20 schools from the county teaming up with businesses to help pupils develop business skills.
The Bright Stars 2017 scheme will begin on January 16 next year and will run until 13th March, giving pupils the opportunity to receive mentoring from a wide range of businesses.Read more >>
The Government’s Enterprise Investment Scheme (EIS) has helped private investments in SMEs to reach a record high, according to a study from Salisbury House Wealth.
The study found that SMEs received £1.8 billion from private investments through the scheme in the last year, an increase of 14 per cent from £1.6 billion on the previous year.Read more >>
Over 60 per cent of accountancy firms do not have any women in senior roles, according to a study by Visible Women.
The Women in Finance: Not Adding Up! report showed a shortage of women in senior roles such as executive board members, partners and senior accountants in two-thirds of companies.Read more >>
The majority of the UK’s small businesses make a profit in their first year, according to research from Yell Business.
The research surveyed 1,500 small business owners, and found that 79 per cent of small businesses achieve profitability in their first year, whilst a further 27 per cent make a profit within one or two months.Read more >>
Nearly two-thirds of the world’s biggest insurers have invested in insurtech and plan to continue investing in technology start-ups over the next two years, according to research from Gartner.
The research showed that over 60 per cent of major global insurers have invested in insurtech, and it is estimated that 80 per cent of P&C insurers worldwide will team up with or acquire insurtechs by 2018.Read more >>
Over two-thirds of adults in the UK believe that perks and benefits are essential to their general satisfaction at work, according to research from employee engagement platform Perkbox.
The research, which surveyed 1,072 adults in the UK, looked at how employees from different age groups feel about perks and rewards in the workplace and found that 30 per cent are not happy in their current job role and would move to a job that offers better benefits.Read more >>
An awards ceremony that celebrates employers who have made a significant contribution to their business through reward strategies has returned for its 15th year.
The Employee Benefits Awards 2017, which are sponsored by businesses including AON, Wealth at Work and Xerox, are now accepting entries.Read more >>
The UK’s first ever crowdfunding platform to support female entrepreneurs has been launched to help tackle the funding gap between female-led and male-led companies.
Launched by Love Home Swap Founder Debbie Wosskow OBE and Hearst Magazines UK CEO Anna Jones, London-based platform AllBright Crowd aims to discover and fund the best female entrepreneurs in the UK and will invest in start-ups, seed stage businesses and established companies.Read more >>
A £60 million fund to help businesses in Scotland to grow and boost the country’s economy has been unveiled.
The fund, which will come from the European Regional Development Fund, will benefit over 20,000 businesses and help to create thousands of jobs.Read more >>
Over 75 per cent of business leaders worldwide believe that the UK is a good location to start a business, despite the vote to leave the EU, according to research from Barclays.
The research surveyed 1,350 business leaders worldwide, questioning them on their perceptions of British entrepreneurs and their experiences of doing business with scale-up businesses in the UK.Read more >>
Research from Trainline suggests that more businesses are choosing to be based outside of London, taking advantage of lower costs and increased mobility and interconnectivity between locations.
The research also found that small and medium-sized business rail travel to hubs outside of London has increased by up to 65 per cent since 2012, with Brighton having seen the biggest growth at 230 per cent.Read more >>
Britain’s employment rate has remained at a record high, with the number of people in employment increasing after Britain’s vote to leave the EU, according to data from the Office for National Statistics (ONS).
The data showed that there were 31.81 million employed people in Britain in the three months leading to August, up by 160,000 on the previous quarter and by 560,000 on last year.Read more >>
Research from Lloyds Bank has shown that the average cost of a start-up business that is not home-based is £12,601.
According to the survey, 30 per cent of new business owners found that the cost of starting up a new business was more expensive than they thought, with just 6 per cent saying that the cost was lower than their budget.Read more >>
The 13 best places to do business have been revealed in a business environment index that is part of the Legatum Institute’s UK prosperity index.
The index ranked the locations by taking into account factors such as entrepreneurial activity, business survival rates, infrastructure and broadband speed.Read more >>
The ScaleUp 2016 expo, which brings leading business experts and entrepreneurs together to discuss current business issues, has now been announced.
The event is organised by Enterprise Nation in collaboration with the ScaleUp Institute and the Institute of Chartered Accountants, England and Wales (ICAEW).Read more >>
A group of entrepreneurial organisations have formed a small business taskforce, urging the Government to assist UK businesses and support labour market flexibility when Britain exits the EU.
The 13 organisations in this taskforce (including Enterprise Nation, Global Entrepreneurship Week, IPSE, and the Centre for Entrepreneurs) claim to represent over 1 million small businesses and self-employed workers.Read more >>