A report from CSIS and Intel Security, entitled “Hacking the Skills Shortage”, found that there is a lack of cybersecurity talent in countries around the world, including the UK, the US, Australia, France, Germany, Japan, Israel, and Mexico.
The report says that this causes “direct damage” to companies, and warns that thousands of job vacancies in the industry could remain empty.
A £344 million scheme to expand London City Airport has been approved by ministers, who say that the growth plans will help to boost the economy.
The plans, which include an extended terminal, aircraft taxiway and upgraded public transport links, were given the go ahead by Transport Secretary Chris Grayling and Communities and Local Government Secretary Sajid Javid.
London is to become home to Europe’s largest technology innovation centre. The Innovation Centre is a joint venture between property developer Delancey’s evergreen investment fund, DV4, and tech consultancy firm ENTIQ.
The facility will support start-ups from a wide range of industries, including fashion, health, design and the Internet of Things, promoting collaboration and helping them to grow.
The majority of British people would choose to be in work even if they did not need the money, according to the British Social Attitudes survey.
The survey found that many Britons are happy to be in work, with over 60 per cent saying that they would like to take on a job that they enjoyed doing rather than staying at home, despite being stressed as a result of working longer hours.
As part of the LSBF Great Minds series, Chris Wakerley MBE, Managing Director and Co-Founder of KPMG Boxwood, discussed his experiences of business in an interview with Dr Steve Priddy, Head of Research at London School of Business and Finance (LSBF).
Mr Wakerley co-founded Boxwood in 2000. The company has worked across a range of sectors - including retail, infrastructure, private equity and life sciences – and was acquired by KPMG in 2015.
The British Business Bank invested £527 million into the UK’s small businesses from 2015 to 2016, according to its annual performance review.
The government-owned bank increased finance to small companies by 45 per cent in 2015 and now works with 90 finance partners to support over 48,000 businesses. The bank revealed that it took on nine new partners from 2015 to 2016.
More corporates are interested in collaborating with start-up businesses, according to a report from accelerator programme MassChallenge.
The report, titled The State of Startup/Corporate Collaboration 2016, surveyed over 200 start-ups and over 100 corporates from across Europe. It found that there is a “fundamental mindset shift” in relationships between start-up businesses and corporations.
Skills shortages are holding back businesses, with over two-thirds of businesses not feeling confident about filling high-skilled jobs in the future, according to this year’s CBI/Pearson Education and Skills survey.
The survey highlighted the areas in which there is a skills shortage, with sectors such as construction, manufacturing and professional services being affected.