LSBF Blog - Global Matters
Over 1.6 million Brits have helped to bridge the funding gap by lending money to their friends and family to enable them to start a business, according to research by ThinCats, a peer-to-peer lender.
The research found that entrepreneurs are being given £4,479 on average to help them to set up their business, with a total of £7.2 billion being lent directly from family and friends.Read more >>
Yorkshire and Humber are set to have the fastest economic growth in the UK in 2016, according to EY’s UK Region and City economic forecast.
The forecast showed that Yorkshire and Humber is expected to have a gross value added (GVA) growth of 2.5 per cent in 2016, up from the predicted average growth of 2 per cent GVA.Read more >>
London-based video agency Hub has joined up with e-commerce website Alibaba.com and US business network CNBC to launch a new TV show highlighting the work of entrepreneurs in the UK.
Pop Up Start Up will have a similar format to The Apprentice and Dragons’ Den, with 12 start-ups launching their own business and competing for a cash prize.Read more >>
Businesses are expecting a higher growth rate over the next quarter, according to the Confederation of British Industries (CBI).
The latest growth indicator, which surveyed 750 respondents, showed that growth in the UK’s private sector has remained steady over the past three months.Read more >>
Over 700,000 jobs were created by businesses in the UK from 2014 to 2015, according to research by the Enterprise Research Centre (ERC).
The research found that 709,174 new jobs were created over this period, with nearly a quarter of them being created by businesses in London.Read more >>
Small business owners are feeling positive about the future of their company, according to research from the organisers of upcoming event Small Business Saturday.
The research found that owning a small business can make business owners feel happier and more confident.Read more >>
Jobseekers in the North East region of the UK will be the first to access job opportunities through recruitment app HiUp.
The launch will mark the first time that the app has been made available in the UK.Read more >>
The UK and Poland will be working together to support entrepreneurs from both countries, Prime Minister Theresa May has announced.
Speaking after a number of meetings between British and Polish government ministers earlier this week, May said that the main focus will be on supporting small enterprises and boosting economic ties between the UK and Poland.Read more >>
Accounting software company Sage has announced that its annual global event road show will be coming to London next year.
The Sage Summit Tour will be held in London from 5th April to 6th April 2017 and will offer learning, training and networking opportunities for entrepreneurs.Read more >>
Britain has been named one of the top places for entrepreneurs in a new study from the Mara Foundation and Opinium Research.
The study looked at which countries provide the best entrepreneurial environments, with the UK coming in fifth place above the United States and most of the EU.Read more >>
The Government has launched an advisory panel to help boost investment in the UK’s small and medium-sized businesses.
The panel will consist of over 20 prominent business figures and entrepreneurs, who will collaborate with the Government with the intention of making sure that before 2020, £1 of every £3 that Whitehall invests in goods and services will be given to SMEs, which could help to create an additional £3 billion of new business every year.Read more >>
Growth in bonuses is outstripping the average increase in salary in accountancy roles as employers make retaining top talent a priority, according to data from the Chartered Institute of Management Accountants (CIMA) and finance recruitment agency Global Accounting Network.
The data showed that average salaries increased by 1.9 per cent, up from £62,791 in 2015 to £63,991 this year, whilst average bonuses saw a much bigger increase, up from 8 per cent of annual salary to 12 per cent over the same period.Read more >>
Research from Virgin StartUp has found that the UK’s start-up community generates over £196 billion each year for the economy.
The report, entitled The Start-Up Low Down: How Start-ups are Changing Britain, found that 40 per cent of businesses were founded in the past three years.Read more >>
Innovate UK has celebrated 15 of the UK’s most innovative women at an awards ceremony at London’s Royal Society of Arts.
The Innovate UK awards, which was launched in May this year, will be awarding £50,000 and a tailored business package to each of the winners.Read more >>
A business pitch competition has been launched to give female entrepreneurs in Scotland the opportunity to secure angel investment.
Organised by Investing Women, and in its second year, the AccelerateHER competition is open to female entrepreneur-led businesses throughout Scotland and is the only pitch competition for women in the country.Read more >>
London-based lender Wirefund will soon be providing financial support for an additional 3.6 million British businesses.
The company has expanded its service after receiving approval from the Financial Conduct Authority (FCA).Read more >>
A report by Fujitsu has found that over 90 per cent of European entrepreneurs believe that their business must evolve in order to succeed.
The research found that 60 per cent of the respondents believe that digital disruption is the biggest challenge that their business is currently facing.Read more >>
Google is to offer free digital skills training to everyone in the UK to help them make the most of the company’s online tools.
The new programme, which is set to launch next year, will provide support for individuals and businesses across the country.Read more >>
Over 50 per cent of business owners in the UK believe that Britain’s exit from the EU will help to boost entrepreneurship, according to a study from Amway.
The Global Entrepreneurship Report showed that the referendum has not dampened entrepreneurial spirit, with over 65 per cent of businesses believing that a single economy is good for business.Read more >>
Entrepreneurial performance in the UK is higher than ever before, according to Barclays’ Entrepreneur Index.
The index showed that entrepreneurial performance had increased by 10 per cent since 2011.Read more >>
Over 10 per cent of business owners turn to business websites for advice, according to research from small business support company Informi.
The research, which surveyed over 500 business owners, found that business websites are the third main source of information for small businesses, with the main source being accountants at 22 per cent, followed by Google at 19 per cent.Read more >>
The number of female inventors is on the rise, with an increase of 60% worldwide since 2000, according to research from the Intellectual Property Office.
The research showed that the number of female inventors in the UK has risen by 16% over the past ten years, with Taylor Wessing’s Global Intellectual Property Index recently naming the UK as the best place in the world to patent.Read more >>
The United Kingdom has been ranked eighth out of 137 countries worldwide and fifth out of 41 European countries for starting a business in a report from Global Entrepreneurship Week.
The Global Entrepreneurship Index 2017, which was produced by the Global Entrepreneurship and Development Institute, gave the UK an over-all score of 71 per cent, making it one of the top ten places in the world for starting up a business.Read more >>
Flexible working has been named one of the three most important priorities for employees when they are presented with a package of benefits, cited by over three quarters of respondents in a survey by BT.
The company’s Mobile multiplier report surveyed 1,528 employees in offices throughout the UK, France, Germany and Spain, and similarly found that over 65 per cent of respondents consider being able to work independent of location and use good technology flexibly better benefits than a company carRead more >>
The Building Small Business Britain report has found that an initiative set up by finance company Goldman Sachs has had a positive impact on the growth of small businesses in the UK.
The report assessed 933 companies that graduated from the 10,000 Small Businesses UK programme in 2010 – 2015 to see how the initiative impacted their growth.Read more >>