LSBF Blog - Global Matters
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 >>
UK business leaders consider data and analytics skills to be more important than management experience, according to The Business Grammar Report by Alteryx.
The report found that 26 per cent of business leaders in the UK believe that data and analytics are the most important skills for potential employees, 60 per cent consider them to be one of the top two skills, and 69 per cent believe that industry experience is the most important.Read more >>
An advertising company is launching its first UK-based venture programme for the “next generation of entrepreneurs and startups.”
R/GA Ventures will be teaming up with government agency InnovateUK to launch R/GA IoT Venture Studio UK, which will be based at its headquarters in London.Read more >>
The companies offering the best work-life balance have been revealed in a new study from jobs website Glassdoor.
Banks, supermarkets, department stores and oil companies were amongst the list of top 20 companies featured in the study.Read more >>
More freelancers are choosing to self-fund their business costs instead of seeking external financial support, according to research from FreeAgent.
The research, which surveyed over 500 micro-businesses, found that 44 per cent of businesses do not need any funding to start their business venture, whilst 43 per cent used personal savings to fund their business.Read more >>
A cash prize of £70,000 is to be offered to disabled entrepreneurs or businesses that employ or offer support for disabled people.
The prize is being offered by entrepreneur Sir Stelios Haji-Ioannou and Leonard Cheshire Disability as part of the Stelios Award 2016.Read more >>
More businesses are embracing drone technology, with over 500,000 people in Britain already using drones for commercial purposes, according to research from DronesDirect.co.uk.
The research showed that companies across a wide range of sectors are adopting drone technology, with media companies being found to be the biggest users at 63 per cent.Read more >>
Entrepreneurship is driving prosperity in every region in the UK, according to the Barclays UK Prosperity Map.
The research identified the cities with the highest increases in small business turnover.Read more >>
China’s investment in business and infrastructure in the UK is up by 500 per cent in six years, according to analysis from financial markets platform Dealogic.
Figures showed that companies from China have spent a total of £3.8 billion on mergers and acquisitions this year, up from £2.1 billion last year and a 470 per cent rise on the £666 million spent in 2010.Read more >>
More people are choosing to stay in the UK for a holiday instead of going abroad, helping to boost SMEs in the accommodation and food services sector, according to a survey from Barclays Business.
Data from the survey showed that 70 per cent of adults in the UK have been on or are planning a staycation, with the average spend per day increasing by over 6 per cent.Read more >>
Women with children face a wider gender pay gap than men, according to new research from the Institute for Fiscal Studies (IFS).
The research showed that the gap widens year on year after a woman has her first child, reaching 33 per cent by the time the child is 12 years old.Read more >>
More businesses are choosing to locate themselves in city centres, with 76,000 more jobs being created since 1998, according to research from The Centre For Cities.
The think tank found that infrastructure, number of potential employees and proximity to other companies is attracting more businesses to cities.Read more >>
The number of people looking for work is expected to increase in September, according to a study by CV-Library.
According to the data, SMEs should expect more interest from candidates, with over 50 per cent of employees being more likely to consider a new job as the end of summer approaches.Read more >>
More workers are leaving their current job role to chase an idea for business that has been created by a hobby, according to research from Samsung Electronics UK in association with the CEBR and YouGov.
The research, which surveyed 511 micro-businesses, showed that 12 per cent of UK employees have abandoned their job role to become an entrepreneur and turn their “passions into pay cheques.”Read more >>
Opportunities need to be created to help young people get into work, according to IPPR. Research from the think tank showed that the number of 16 to 17 year olds working in the summer has halved over the past 20 years.
Over 40 per cent of 16 to 17 year olds were working whilst studying in the late 1990s, compared to just over 20 per cent now, whilst the number of 18 to 24 year olds working in summer jobs has also declined.Read more >>
Recent research by City & Guilds has shown that British teenagers are unfamiliar with many high-paid job roles, which could have an impact on their career prospects.
The research, which surveyed 3,000 young people aged 14 to 19 across the UK, showed that they are familiar with less than one in five of 369 job roles listed by the government.Read more >>
Startup businesses in the health sector are the most likely to have the best chance of survival in their first year, according to research by Ormsby Street.
The research identified the sectors in which start-ups are most likely to still be operating five years after they were created.Read more >>
Self-employed workers take double the amount of holiday compared to those who are employed, according to a new study from freelance jobsite PeoplePerHour.
The research showed that freelance workers spend up to 21 nights away from home in an average year, whilst those who are employed spend an average of ten nights away.Read more >>