LSBF Blog - Global Matters
Over 20 female finalists for this year’s NatWest everywoman Awards have been announced. The awards, which is in its 14th year, celebrate the success of female entrepreneurs in Britain, from women who are running an early-stage business to those who own a more established organisation.
This year’s finalists are from a diverse range of industries, including design, technology, professional services and manufacturing, and were selected for their drive, their appetite for risk and their focus on growing their business.Read more >>
Over half of small business owners in the UK do not use social media, according to a recent survey from Manta.
The research found that 76 per cent of business owners do not use Instagram to market their business, despite it currently being the most popular social media platform.Read more >>
BT has launched a competition for start-ups and small businesses to find new innovations that will help the company’s UK customers to feel more connected to their family, friends and communities.
The competition, which will be run by BT’s Infinity Lab, will give start-ups and small businesses the opportunity to present their ideas in a Dragons’ Den-style pitch to a panel of the company’s experts.Read more >>
The British Insurance Brokers' Association (Biba) has published a guide for small businesses to help them avoid under-insurance.
The new guide intends to help small businesses obtain the appropriate level of insurance cover to properly protect them against damage to or loss of their property, or injury caused to staff or others by their business.Read more >>
By 2026, accountants believe that tech skills will be required in order to succeed, according to a report from cloud-based accounting software company Xero.
The report showed that whilst the majority of accountants are aware of how important it is to keep up to date with new technologies, many of them are not investing enough time into developing skills to allow them to do so.Read more >>
Small business confidence is at an all-time high for 2016 in the UK, according to a study from Hitachi Capital Business Finance.
The study surveyed 1,006 small and medium-sized enterprise owners, questioning them on the outlook of their business for the coming three months, and found that business confidence has increased by 11 per cent from the last quarter.Read more >>
BT has boosted the UK economy by £23 billion in the last year, according to a report by Regeneris Consulting.
The report, which is titled The Economic Impact of BT and EE in the UK, showed the contributions that BT and EE, which BT has taken over, have made to the economy across England, Scotland, Wales and Northern Ireland in the financial year 2015/2016.Read more >>
An online financial technology lender has revealed that it will provide funding for SMEs by expanding to the UK.
Spotcap, which provides business loans and credit lines to SMEs, is hoping that the expansion will enable the company to help SMEs in the UK to grow.Read more >>
SMEs are set to contribute £217 billion to the UK’s economy by 2020, according to new research from the Hampshire Trust Bank.
The research, which was completed in collaboration with the Centre for Economics and Business Research (Cebr), identified the top ten cities for SME contribution to the economy.Read more >>
A new programme that aims to encourage more women to consider a career in technology is set to be launched this week.
The F-Disruptors programme was developed by CEO Debbie Edwards and set up in the North West by a group of women aiming to raise awareness of job opportunities in technology.Read more >>
Over 85 per cent of UK employees who have more good days at work feel appreciated, compared to 60 per cent who do not have as many good days, according to a survey from Robertson Cooper and the Bank Workers Charity.
The report, titled ‘What is a good day at work?’, surveyed 1,500 working adults from the private and public sector in the UK and looked at how good days are linked to employee wellbeing, including mental and physical health, personal development and job satisfaction.Read more >>
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.
Read more >>
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.
Read more >>
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 >>