LSBF Blog - Global Matters
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Charity Finance Group (CFG) has launched a programme to help small charities manage their finances and provide support for community accountants.
The Small Charities Programme for England and Wales will be piloted this year and is set for a full launch in January 2017.Read more >>
The launch date for this year’s Small Business Saturday will be 3rd December.
The event, which was set up to support UK small businesses, is now in its fourth year.Read more >>
Research from ABE has found that 82 per cent of the UK’s young people want to become entrepreneurs.
The research showed that many young people are planning to set up their own business in the future, with 4 per cent already having done so.Read more >>
HutZero, a government-funded project, has launched the UK’s first boot camp for cyber security entrepreneurs.
The project is run by Cyber London (CyLon) and the Centre for Secure Information Technologies (CSIT), and is intended to help entrepreneurs build their businesses.Read more >>
The Prince's Countryside Fund, which was created six years ago to help improve rural businesses and communities, has announced a £600,000 grant funding pot to support rural initiatives.
The fund will help to support projects that provide opportunities, such as training for young and unemployed people, in rural communities.
Read more >>
London’s fintech sector could help the UK’s law firms after almost a quarter of finance directors from the country’s top law firms expressed their concerns over an M&A slowdown hitting profitability.
A new report by Thomson Reuters Legal, an organisation that helps professionals in areas such as finance, legal and accounting, states that the number of finance directors concerned over an M&A slowdown was down from 8 per cent last year.Read more >>
Small businesses in the UK have seen a second consecutive year of growth, according to the annual Hiscox DNA of an Entrepreneur report.
The report showed that 64 per cent of small businesses have reported revenue growth over the past 12 months.Read more >>
The UK has been named as one of the top countries to be a social entrepreneur in a new study.
The research, which was carried out by Thomson Reuters in partnership with Deutsche Bank, advice group UnLtd and the Global Social Entrepreneurship Network, is the world’s first poll for locating the best countries for social entrepreneurs.Read more >>
Lending to small businesses has reached a record high over the past year, according to new figures from the National Association of Commercial Finance Brokers (NACFB).
The figures showed that lending has risen by 30 per cent to a record £20.7 billion, despite the economic uncertainty surrounding the EU referendum. It is the seventh year in a row of growth for lending to small businesses.Read more >>
Founders Factory is searching for start-ups to participate in its accelerator programme, which was set up in partnership with insurance company Aviva.
The programme, which lasts for six months, was launched earlier this year in May and will be selecting five start-ups each year. There are currently three places left on the programme.
Read more >>
New measures are being introduced to tackle late payments that affect small businesses. The measures were supported in a letter from Minister for Small Business Margot James to PPC signatories.
The letter, which has been backed by Chartered Institute of Credit Management Executive Philip King, stated that paying invoices within 30 days should become “the norm.”Read more >>
Businesses led by migrants are helping to boost the UK economy, according to a report by the Institute of Directors (IoD) and mi-hub, which provides co-working space specifically for migrant entrepreneurs.
The report, entitled Migrant Entrepreneurship in the UK: celebrating the benefits to Britain, showed that migrants are making a valuable contribution to the UK, helping to create jobs rather than taking them.Read more >>
The UK’s cheapest cities for starting up a business have been revealed in research from business finance solutions company LDF.
Newcastle upon Tyne has been named the cheapest location in the UK for setting up a new business, costing an average of £17,008.Read more >>
First Minister of Scotland, Nicola Sturgeon, has revealed plans for a £500 million fund to help Scotland’s businesses over the next year.
The Scottish Growth Scheme package is designed to help the country’s small and medium-sized businesses to grow.Read more >>
Two businesses from the North East have teamed up for a scheme that will benefit 100 start-ups in the region and boost the local economy by £5 million.
Harlands Accountants will partner with TEDCO Business Support to provide businesses with support and guidance.
Read more >>
The UK’s fastest-growing technology businesses have been revealed in the Sunday Times’ Tech Track 100 index.
Cloud services provider UKCloud was named the fastest-growing tech business, with their annual sales increasing by 262.66 per cent over the past three years.Read more >>
In the Sustainable Cities report by Arcadis, Leeds was named Britain’s best city for work-life balance.
The report compared different cities around the world, measuring factors such as work-life balance, income inequality, health, education, crime and affordability.Read more >>
Entrepreneurship is the driving force behind job growth in the North East, with the number of jobs rising by 1.7 per cent in the last year, according to the NatWest Regional Economic Tracker.
There are now 2.1 per cent more jobs in the region than there were during the financial crisis in 2008. Self-employment has also risen since 2008, with a growth of 16 per cent.Read more >>
Facebook has launched new tools that will help small businesses to find new customers and grow internationally.
Businesses can now use the Lookalike Audiences Tool to upload a list of their current customers or leads and search for similar customers and leads.Read more >>