LSBF Blog - Global Matters

Specialist lender closes its first fund for UK SMEs

February 13 ,2017 | by Claire Payne

Specialist lender closes its first fund for UK SMEs

A lender that specialises in providing debt and equity capital to small and medium-sized businesses has closed its first fund for UK SMEs.

Beechbrook Capital has raised £150 million for the Beechbrook Capital UK SME Credit I fund, with the fund being supported by investors from the UK, continental Europe and America, and the final close being backed by new and existing investors.

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SMEs continue to be confident about their future, research shows

February 10 ,2017 | by Helen Gould

SMEs continue to be confident about their future, research shows

Small and medium-sized enterprises in the UK and globally remain confident about the performance of their business in the future, according to the American Express Global SME Pulse.

The research surveyed SMEs across 15 countries. It found that 58 per cent of SMEs globally are expecting revenues to grow significantly over the next year. 

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Programme launched to show that London is open for business

February 09 ,2017 | by Erin O’Neill

Programme launched to show that London is open for business

Mayor of London Sadiq Khan is to launch a programme to show that London is the best place to do business.

The “London Is Open” programme aims to show that London is continuing to welcome people that are looking to work, study or visit the city.

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Birmingham most entrepreneurial city outside London, says research

February 08 ,2017 | by Thiago Kiwi

Birmingham most entrepreneurial city outside London, says research

Birmingham has been revealed to be the most entrepreneurial city in the UK outside London in new research by the Start Up Loans Company.

The survey revealed the areas that secured the most funding from the Start Up Loans Company last year, with Birmingham securing over £2 million, up by 39 per cent on 2015. This was followed by Cornwall, which secured £1.3 million.

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Digital workshops to be held for small businesses

February 08 ,2017 | by Helen Gould

Digital workshops to be held for small businesses

Not-for-profit campaign Do It Digital will be holding a series of workshops over the next few months to help small businesses increase their digital and online activity.

The free workshops will be available to aspiring SMEs and entrepreneurs, including a live Twitter Q&A session for those unable to attend in person.

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Accountancy speed is top priority for SMEs, research shows

February 07 ,2017 | by Claire Payne

Accountancy speed is top priority for SMEs, research shows

A new survey from business software provider Exact has identified the top demands from SMEs when it comes to accountants, with speed being revealed to be the main priority.

The study, which surveyed 2,500 SMEs and accountants, also found that SMEs are twice as happy with using an accountant that is tech-savvy.

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BusinessCloud searching for UK’s top 150 tech start-ups

February 06 ,2017 | by Erin O’Neill

BusinessCloud searching for UK’s top 150 tech start-ups

Tech website and quarterly magazine BusinessCloud is searching for the top 150 tech start-ups in the UK.

Nominations are now being accepted, with at least 12 start-ups to be selected from each UK region.

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January sees job application and salary increase, research shows

February 05 ,2017 | by Claire Payne

January sees job application and salary increase, research shows

Job applications and salaries were up last month, with an increase of 55 per cent and 5.6 per cent respectively, according to data from CV-Library.

The research also showed a significant increase in job growth, with the number of jobs rising by 38 per cent month-on-month and 5.1 per cent year-on-year. 

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BT launches pitching competition for UK SMEs

February 03 ,2017 | by Helen Gould

BT launches pitching competition for UK SMEs

BT has launched a pitching competition to give SMEs in the UK the chance to pitch their business ideas to a panel of experts.  

The BT SME Award 2017: Securing the Nation, which is part of the company’s BT Infinity Lab programme with TechHub, is aimed at security-focused SMEs.

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HMRC releases further information on digitising tax

February 02 ,2017 | by Erin O’Neill

HMRC releases further information on digitising tax

Following consultations with the business community, HM Revenue & Customs has released further information on their Making Tax Digital initiative.

HMRC received over 3,000 replies from the consultations.

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New mobile banking app launched for SMEs

February 02 ,2017 | by Claire Payne

New mobile banking app launched for SMEs

A new mobile banking app designed to meet the needs of small businesses has been launched by UK-based mobile banking company Tide.

Tide, which is one of the world’s first mobile banking services for SMEs, enables users to quickly set up a business account.

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Guide to help businesses avoid late payments published

February 01 ,2017 | by Claire Payne

Guide to help businesses avoid late payments published

Guidance to help large businesses improve their payment practices and pay their suppliers on time has been published.

The guide comes after research from payment processor BACS found that almost half of small and medium-sized businesses have problems with late payments, with over £26 billion being owed to them.

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£1 million funding available to UK entrepreneurs

February 01 ,2017 | by Hari Sri

£1 million funding available to UK entrepreneurs

Entrepreneurs in the UK can take part in a global competition to win a share of £1 million equity-free funding for their business.

Business people who are selected for the Innovation & Entrepreneurship International Competition will be competing against entrepreneurs from the US, Canada, Australia, Germany, Israel, India and Japan.

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Facebook partners with Enterprise Nation to support female business owners

February 01 ,2017 | by Helen Gould

Facebook partners with Enterprise Nation to support female business owners

Facebook has partnered up with Enterprise Nation in order to provide support to female business owners across the UK.

The partnership is part of Facebook’s #SheMeansBusiness initiative. The initiative aims to provide 10,000 female business owners with training to help them to learn the digital skills that they need to boost their business. 

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Research shows increase in highly paid part-time jobs

January 31 ,2017 | by Erin O’Neill

Research shows increase in highly paid part-time jobs

There has been an increase in the number of part-time roles paying more than £40,000 a year, with a rise of 5.7 per cent in the past year, according to research from flexible working group Timewise.

The research found that over 770,000 people on a higher salary now work part-time and also showed that the traditional nine-to-five structure is changing as more businesses consider using job shares. 

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New enterprise zone could boost economy by £589 million

January 30 ,2017 | by Claire Payne

New enterprise zone could boost economy by £589 million

A new enterprise zone that will be based in the West Midlands could help to boost the local economy by £589 million.

DY5 - Dudley's Business and Innovation Enterprise Zone, which will be located in Brierley Hill in Dudley, is also expected to create thousands of new jobs across the country.

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Small businesses to benefit from new banking scheme

January 27 ,2017 | by Erin O’Neill

Small businesses to benefit from new banking scheme

Over 40 banks and building societies in the UK have signed a deal with the Post Office to provide personal customers and small businesses with easier access to banking services.

The new scheme will benefit 99 per cent of personal banking customers and over 75 per cent of business customers in the UK by providing a more simplified service.

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Microsoft to offer free digital training in UK

January 27 ,2017 | by Claire Payne

Microsoft to offer free digital training in UK

Microsoft has become the latest tech company to announce free digital literacy skills training to everyone in the UK.

The company will offer free online training to 30,000 public servants in the UK to help them boost their knowledge of digital literacy skills. 

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Brexit could drive demand for financial education, research shows

January 26 ,2017 | by Helen Gould

Brexit could drive demand for financial education, research shows

Over 60 per cent of employers in the UK believe that the impact that Brexit has on the UK’s economy could lead to more demand for financial education in the workplace, according to Nudge’s Financial education yearbook 2016/17 report.

The report surveyed over 300 employers and found that 32 per cent already provide their staff with financial education in the workplace, whilst 54 per cent are planning to introduce it or have already started introducing it.

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SMEs to increase headcount in 2017, says research

January 26 ,2017 | by Thiago Kiwi

SMEs to increase headcount in 2017, says research

SME owners are planning to increase their headcount in 2017, new research from Opus Energy has found.

The research found that 15 per cent of SME owners are looking to increase their number of staff by up to 10 per cent this year, whilst 10 per cent are planning to increase their headcount by up to a fifth. 

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Financial advisors to launch private banking service for SMEs

January 25 ,2017 | by Helen Gould

Financial advisors to launch private banking service for SMEs

Financial advisors from international financial consultancy company deVere Group are to launch a private banking service for UK SMEs and international clients.

The creation of the bank, which will be called deVere Group Bank St Lucia, follows the company’s acquisition of private banking firm Arton Bank.

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New $1 billion fund for investment in UK start-ups

New $1 billion fund for investment in UK start-ups

German internet company Rocket Internet has closed a $1 billion fund to invest in early and growth-stage start-ups in the UK.

The Rocket Internet Capital Partners (RICP) fund is aimed at start-ups in areas such as fintech, software, e-commerce, marketplaces, and travel.

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BBC searching for entrepreneurs with “great business ideas”

BBC searching for entrepreneurs with “great business ideas”

The BBC is searching for entrepreneurs with “great business ideas” to take part in the latest series of Dragons’ Den.

Applications are now open for the TV series, which gives entrepreneurs the opportunity to pitch their ideas to a panel of business experts. 

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Accountants want flexibility when considering a new job, survey shows

January 23 ,2017 | by Helen Gould

Accountants want flexibility when considering a new job, survey shows

Research from the Chartered Institute of Management Accountants (CIMA) and Global Accounting Network has found that over half of qualified accountants are motivated by flexibility when taking a new job role into consideration.  

The CIMA 2016 salary insights report surveyed over 3,400 of CIMA’s student accountant members and over 4,400 qualified accountant members and found that 55 per cent of qualified accountants would like a new job that offers flexibility and a better work-life balance, up from 37 per cent in 2015. 

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Working Brits want to start their own business in 2017

January 20 ,2017 | by Thiago Kiwi

Working Brits want to start their own business in 2017

Research from accounting software company FreeAgent has found that one in ten Brits would like to start their own business in 2017.

The research, which surveyed 1,000 working people in Britain, found that the majority of workers wish to become entrepreneurs, with 54 per cent saying that they would like to work for themselves. 

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