LSBF Blog - Global Matters
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 >>
A Canadian e-commerce firm named Shopify is targeting start-ups and creative entrepreneurs in London for its new accelerator programme.
It is searching for start-ups and entrepreneurs in the e-commerce sector to participate in the Shopify Partner Accelerator and create more development professionals and web designers in the area.Read more >>
The UK has been named as the best G20 country for starting up a digital business in EY’s G20 Digital Entrepreneurship Barometer, which is the basis of a report entitled Digital Disruption – Threat or Opportunity for Entrepreneurship?
The Barometer identified the nations with the best digital environment, with the UK scoring the best marks for the time taken to start up a digital business, taxation frameworks, recruitment practices, and legal efficiency.Read more >>
Women make up nearly a third of all self-employed, according to research from insurance company Towergate.
The amount of women in self-employment has risen significantly over the past eight years, increasing by 40 per cent, compared to a 13 per cent increase in the total of self-employed men over the same period.Read more >>
The number of full-time jobs increased in August following a slump in June and July, according to a report by Markit and the Recruitment and Employment Confederation (REC).
The report also showed an increase in starting salaries, a result of employers trying to attract workers who are reluctant to change jobs in the current climate.Read more >>
Young people aspire to become the boss of a company but lack confidence in their job prospects, according to a recent report by the Chartered Management Institute (CMI) and EY Foundation.
The report found that 33 per cent of people from lower socio-economic groups are more likely to have lower confidence when it comes to finding a local job, compared to 25 per cent of their peers.Read more >>
A report published by the Association of Convenience Stores (ACS) has found that local shops are a valuable source of flexible jobs for people with commitments.
The report showed that local shops are now a vital source of employment, with the sector employing 390,000 people.Read more >>
Business in the Community’s Age at Work Leadership Team is urging employers to recruit older workers.
The Leadership Team, which consists of leading companies such as Aviva, Barclays and Boots, and the Department for Work and Pensions, stated that older workers are vital to the future of the UK’s economy.Read more >>
Entrepreneur First has raised a £40 million fund to invest in start-ups that graduate through its programme.
The organisation provides pre-seed funding to help entrepreneurs build a technology start-up over six months.Read more >>
Accenture is accepting applications from financial technology startups for its London-based FinTech Innovation Lab.
Launched in 2012, Accenture’s lab offers 20 startups the chance to participate in a 12-week programme that will enable them to develop their business through mentoring from experts.Read more >>
UK businesses have raised a record £20.3 billion in invoice finance this year, according to figures from the Asset Based Finance Association (ABFA).
An increasing number of small businesses are using invoice finance, resulting in the first time the £20 billion barrier has been broken.Read more >>
Royal Mail is helping small businesses to sell internationally after research from the company found that 60 per cent of businesses are missing out as a result of not exporting abroad.
The company’s International Delivery Matters report also identified the areas that small businesses believe would generate the most sales, with 35 per cent believing that Europe holds the most potential, followed by the US and North America at 28 per cent.Read more >>
An online business training platform has been launched for micro-businesses after research showed that companies are failing basic online health checks as a result of a lack of training.
The study, which was commissioned by 123 Reg, revealed that whilst 70 per cent of micro-businesses believe that digital skills are critical to the success of their business, over 85 per cent of micro-businesses in the UK lack basic digital skills.Read more >>
A venture capital firm has launched a £252 million fund to invest in early-stage tech startups across Europe.
Northzone, which is based in Sweden, is looking to invest in early-stage tech startups across Europe, with a particular focus on startups from the finance and health sectors in London.Read more >>
TrueStart is searching for innovative start-ups in the retail sector to participate in its winter accelerator programme.
The company’s accelerator programme runs for four months, starting from 2nd December.Read more >>
Finance companies are investing more in innovative technology to compete with new market entrants, according to a survey from recruitment consultancy Robert Half Financial Services.
The research, which surveyed over 100 executives from the financial services industry, showed that 54 per cent of financial services companies will be increasing investment in innovative and disruptive technologies over the next 12 months.Read more >>
The British Library is to host a “Start-up Day” for budding entrepreneurs, to mark the tenth anniversary of its Business & IP Centre.
The library will be offering support and advice to entrepreneurs who attend the event, which will be free of charge and will take place from 10am to 6.30pm on September 27.Read more >>