LSBF Blog - Global Matters

Number of SMEs trading overseas has doubled

October 11 ,2016 | by Hari Sri

Number of SMEs trading overseas has doubled

The number of British SMEs investing in export activity has doubled over the past year, according to a report from business funder Bibby Financial Services (BFS).

The latest SME confidence tracker, which looks at the investment intentions, sales performance and confidence of SMEs, found that 15 per cent of SMEs invested in trading overseas in the third quarter of 2016, up from 8 per cent over the same period last year. 

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Start-ups in property sector to receive more support

October 10 ,2016 | by Hari Sri

Start-ups in property sector to receive more support

Venture capital platform Pi Labs has partnered with real estate company CBRE to support the next generation of start-ups in the property sector.

The partnership will provide start-ups with mentoring and identify new technologies to benefit clients.

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SMEs using e-commerce and export more confident

October 09 ,2016 | by Thiago Kiwi

SMEs using e-commerce and export more confident

SMEs that invest in e-commerce and exporting are more confident about the growth of their business than those that do not, according to findings from Capital Economics.

The SME Growth Tracker, which was commissioned by Enterprise Nation and Amazon UK and was based on a YouGov survey of over 1,000 SMEs in the UK, found that nearly half of British SMEs expect revenue growth to come via e-commerce over the next 12 months. 

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Small businesses have the happiest employees

October 07 ,2016 | by Erin O’Neill

Small businesses have the happiest employees

The UK’s small businesses have the happiest employees, according to research from business social networking website LinkedIn.

The research, which surveyed 10,000 professionals, found that businesses with ten or fewer employees had the highest levels of job satisfaction. 

 

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Number of startups in London increasing

October 06 ,2016 | by Thiago Kiwi

Number of startups in London increasing

The number of VAT and/or PAYE-based businesses is increasing in London, making up 18.7 per cent of the UK total, according to the Office for National Statistics (ONS).

Figures also showed that London has the largest growth for startups, with an increase of 7.2 per cent between 2015 and 2016, compared to 6.9 per cent in 2014-2015. 

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London accelerator achieves record number of female founders

October 06 ,2016 | by Claire Payne

London accelerator achieves record number of female founders

MassChallenge has announced that 42 of the 100 UK start-ups chosen for its programme are led by a female entrepreneur.

The accelerator, which is the largest in London, selected the companies using an unbiased application process.

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HSBC to save small businesses £13 million

October 05 ,2016 | by Hari Sri

HSBC to save small businesses £13 million

HSBC is to help small businesses in the UK to save £13 million a year by reviewing bank tariffs for businesses with turnovers of up to £22 million.

The plans come after the bank’s Electronic Banking Tariff increased its turnover from £500,000 to £2 million.

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New fund to help SME house builders

October 05 ,2016 | by Thiago Kiwi

New fund to help SME house builders

The Government has announced a new £3 billion fund to assist SME house builders tackle the housing crisis. The announcement comes after house builders called for minsters to launch the fund before the release of the Autumn Statement in November.

The fund will provide support for small-scale developers, enabling them to have access to finance, and will help to deliver 225,000 new homes. 

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Accounting software to help small businesses with finance

October 04 ,2016 | by Thiago Kiwi

Accounting software to help small businesses with finance

Barclays has teamed up with online accounting software company Xero to help small businesses in the UK to manage their finances.

The service will enable Barclays customers to use Xero’s direct feeds technology to access their transaction data.

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UK’s largest ever seed funding competition for start-ups launched

UK’s largest ever seed funding competition for start-ups launched

Startups.co.uk has teamed up with investment company Worth Capital to launch the UK’s largest ever seed funding competition for start-up businesses.

The Start-Up Series competition will give start-ups the opportunity to apply for a share of a £1.8 million investment fund.

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Adults to be given training to learn digital skills

October 03 ,2016 | by Hari Sri

Adults to be given training to learn digital skills

Adults in the UK who lack basic computer skills are to be given training to help them learn digital skills, Secretary of State for Culture, Media and Sport Karen Bradley has announced.

The plans come after research from the Office for National Statistics showed that 5.3 million people in Britain have never used the internet. 

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More Brits using technology in their business, survey shows

October 02 ,2016 | by Claire Payne

More Brits using technology in their business, survey shows

More UK business owners are becoming tech savvy and relying on mobile or web-based apps to run their business, according to a global survey by online accounting software company Intuit QuickBooks.

The study, which surveyed 2,000 business owners and managers globally, found that the UK is the most tech savvy, with 71 per cent using apps to run their business, followed by 59 per cent of business owners in the US, 68 per cent in Canada and 74 per cent in Australia. 

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Employees feel more productive at home, survey finds

September 30 ,2016 | by Helen Gould

Employees feel more productive at home, survey finds

A survey from Flexjobs asked employees when they feel least and most productive.

They found that most feel more productive at home, with 50 per cent preferring to work from home rather than in the office.

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More employers making life better for employees

September 29 ,2016 | by Claire Payne

More employers making life better for employees

More employers are introducing facilities and schemes to make life better for their employees, according to administration and consultancy services provider Barnett Waddingham.

The company’s Why BWell report, which surveyed 300 workers, showed that over 50 per cent of employees feel that their employer is helping them to achieve a good work-life balance. 

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UK-based company enters top 20 gamification list

September 29 ,2016 | by Erin O’Neill

UK-based company enters top 20 gamification list

UK-based learning technologies company Growth Engineering has been named as one of the top 20 gamification companies for the second year running.

The company was entered into the Top 20 Gamification Companies List, which was compiled by Training Industry, a resource company that publishes top 20 lists of the top providers of training services. 

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UK’s business population reaches record high

September 28 ,2016 | by Hari Sri

UK’s business population reaches record high

The UK’s business population has reached its “highest ever level”, up by 4 per cent from £2 million last year to £2.1 million, according to research from UHY Hacker Young.

The research found that the number of businesses in the country per capita has increased to 32.7 businesses per 1,000 of the population, nearly reaching the pre-recession level of 32.8. 

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Citibase launch new centres for Scottish businesses

September 28 ,2016 | by Helen Gould

Citibase launch new centres for Scottish businesses

Office space provider Citibase has announced plans to expand in Scotland, with two new centres being launched in Aberdeen and North Lanarkshire.

The new centres will see Citibase doubling its number of business hubs in Scotland, which will provide flexible workspace for 500 Scottish businesses and boost the country’s economy. 

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Alternative finance platform to help UK startups

September 28 ,2016 | by Thiago Kiwi

Alternative finance platform to help UK startups

Praetura Asset Finance, an alternative finance platform, has secured an £18 million investment from the British Business Bank to help UK startups.

The company, which was launched in 2014, provides a wide range of financial services for small businesses, including asset finance, finance leasing, hire purchase and refinancing facilities of between £10,000 and £2 million.

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Birmingham named most enterprising city in Britain

September 27 ,2016 | by Claire Payne

Birmingham named most enterprising city in Britain

Birmingham has been named the most enterprising city in Britain in the 2016 Enterprising Britain Awards.

The Enterprising Britain Awards are run by Investment in Young People on behalf of the Department for Business, Energy and Industrial Strategy, and celebrate local initiatives to support business and growth.

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North East tech sector growing fast, research shows

September 27 ,2016 | by Helen Gould

North East tech sector growing fast, research shows

The North East has one of the fastest growing tech sectors in England, according to research from accountancy firm Nixon Williams.

The report found that the number of technology businesses in the North East increased from 9,695 to 10,285 from 2014 to 2015 – a growth of 9.2 per cent. This makes the region’s tech growth second only to London, which saw an increase of 11.7 per cent.

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Female entrepreneurs advising women to set up business

September 27 ,2016 | by Erin O’Neill

Female entrepreneurs advising women to set up business

Over 80 per cent of female business owners say that they would recommend that other women set up their own business, as said by the Women-owned Micro Businesses Trend Report from Vistaprint.

The report surveyed 1,200 female entrepreneurs from the UK and US, and revealed that respondents are confident about their business, with over 50 per cent expecting their enterprise to financially improve this year.

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New e-learning initiative for aspiring franchisees

September 26 ,2016 | by Erin O’Neill

New e-learning initiative for aspiring franchisees

Lloyds Bank and the British Franchise Association (bfa) have launched a new online learning initiative for aspiring franchisees.

The Prospect Franchisee Certificate (PFC) will enable people considering starting a franchise to learn about the financial aspects of starting and growing a business.

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DCMS launches cyber innovation centre for startups

September 24 ,2016 | by Thiago Kiwi

DCMS launches cyber innovation centre for startups

The Government Communications Headquarters (GCHQ) and the Department for Culture, Media and Sport (DCMS) have teamed up to launch a cyber innovation centre for startup companies.

The centre, which is called Accelerator, will help startup companies to develop new cyber security systems to protect the UK from cyber-attacks. 

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Google launches Digital Garage for Scottish businesses

September 23 ,2016 | by Claire Payne

Google launches Digital Garage for Scottish businesses

Google has opened a pop-up Digital Garage to provide small Scottish businesses with digital skills training.

The space is being provided in partnership with Glasgow City Council and will run until January 2017.

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More small businesses using Instagram to promote services

September 23 ,2016 | by Thiago Kiwi

More small businesses using Instagram to promote services

Over 500,000 companies are now advertising on Instagram, according to the social networking website.

Instagram announced that the number of businesses actively using the website has more than doubled since six months ago.

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