LSBF Blog - Global Matters
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
A law firm has launched a technology incubator programme for innovative early-stage businesses and growth technology startups that are able to provide products and services for the legal industry.
Mishcon de Reya has launched its MDR LAB with innovation specialists and investors L Marks, and is now accepting applications from businesses with concepts or products and services that are at a revenue-generating stage.Read more >>
Fintech Innovation Lab London is to launch its largest ever class since the lab was first launched in 2012, with 20 start-ups being selected for its 2017 12-week programme, Accenture has announced.
The lab’s latest programme received over 300 applicants, its largest ever number, with start-ups from North America, the Middle East, Russia, Turkey and the Nordica registering the most interest.Read more >>
Research has found that over 80 per cent of workers in the UK would like to work from home, whilst just 36.5 per cent currently do so.
The research marks the start of Work From Home Week, which was launched yesterday and will run until January 22.Read more >>
Funding Circle has secured £82 million in equity funding, enabling the peer-to-peer lending platform to provide financial support to small businesses and create thousands of jobs.
The £82 million round, which was led by venture capital firm Accel and received contributions from Funding Circle’s existing investors Union Square Ventures, Baillie Gifford and Ribbit Capital, comes after the lending platform secured £40 million investment from the Government’s British Business Bank earlier this month.Read more >>
Tech businesses in the UK attracted more than £6.7 billion in venture capital funding and private equity funding in 2016, more than the amount invested in tech businesses from any other country in Europe, new research from London & Partners has shown.
The research found that over a third of the amount invested in tech businesses last year went to London-based businesses, whilst a total of £4.7 billion in private equity investment went to the UK’s tech sector. This brings the total investment into the country’s tech businesses since 2011 to £9.6 billion.
Read more >>
Amazon is to help plug the UK’s digital skills gap by launching a training scheme for young people and ex-military personnel.
Amazon Web Services (AWS) will partner with the Prince’s Trust and the Ministry of Defence to launch AWS re:Start, which aims to help 1,000 additional people to learn digital skills.Read more >>
Employers are changing their recruitment process to enable them to have access to talented staff more quickly, according to a survey from TotalJobs.
The study of over 3,000 jobseekers and 100 employers found that over 45 per cent of employers have shortened their hiring process as they struggle to find and compete for talented staff.Read more >>
Small businesses in Scotland are ahead of their UK counterparts when it comes to digital skills, according to the Bank of Scotland’s annual Business Digital Index.
The index surveyed 2,000 small businesses and charities, assessing basic online skills such as managing information, transactions, communication, creating and problem solving, and found that over 67 per cent of businesses in Scotland possess these skills – higher than the UK’s average of 62 per cent.Read more >>
A record number of recruitment start-ups were launched in 2016, according to figures obtained by Clearly PR & Marketing Communications under a Freedom of Information request from executive agency Companies House.
According to the figures, 2016 saw a 13.7 per cent increase in the number of recruitment businesses, with 4,529 start-ups being registered between January and December.Read more >>
A host of business owners have been awarded titles from the Queen as part of the New Year’s Honours list.
This year’s list consisted of 1,047 recipients and featured entrepreneurs from a wide range of industries, including STEM (science, technology, education and maths), fashion and hospitality.Read more >>
Research from domain name registration website 123 Reg has shown that a record number of entrepreneurs in Britain are expected to register their businesses this month.
The research found that January is a popular time for starting a business, with the majority of business websites being registered during this month.Read more >>