LSBF Blog - Global Matters

Innovation centre to be launched in Northern Ireland

A new innovation centre is to be launched in Northern Ireland.

Enterprise minister Jonathan Bell announced that the latest government-backed Digital Catapult Centre will be located at the Northern Ireland Science Parks in Belfast and Londonderry.

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Manchester received over £136m in European funding, says research

March 30 ,2016 | by Claire Payne

Manchester has received over £136 million in European funding, which has supported investment in businesses and helped to create job opportunities, according to research from Britain Stronger in Europe.

The research found that during the 2007-2013 European Structural Funds Programme, which is made up of the European Regional Development Fund and the European Social Fund, Manchester received £136.2 million in European funding. 

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Do It Digital campaign to help three million businesses develop online skills

A campaign that was launched at the end of last year is now aiming to help three million small businesses in the UK to develop online skills.

Do It Digital was launched by Michelle Ovens, director of Small Business Saturday, a campaign that is held every year to encourage consumers to shop at their local independent stores to support small businesses. 

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Family businesses becoming more successful, shows IFB research

March 29 ,2016 | by Claire Payne

Family-run businesses in the UK are looking to expand after a successful year in the sector, according to research from the Institute for Family Business (IFB).

The research showed that family businesses make a significant contribution to the UK economy, making up 87 per cent of all private sector companies in the UK.

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Peckham to get enterprise centre for entrepreneurs

A new enterprise centre is to open in Peckham to provide support and space for young entrepreneurs.

The Peckham Enterprise Centre, which has been set up by the London Youth Support Trust, will be located in the former Bell’s Garden Community Centre on Buller Close. 

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Number of foreign tech directors increasing, according to survey

The number of foreign business leaders has increased in the UK, according to business research company Duedil.

Their figures show that one in five UK tech companies are now led by foreign entrepreneurs, which indicates that Britain is becoming an attractive location to start up a digital business.

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Business group holds drop-in events to help entrepreneurs

March 28 ,2016 | by Hari Sri

A business group in Ilford is holding drop-in events to provide help and advice to start-up businesses and entrepreneurs in the area.

The Seven Kings Business and Community Partnership (SKBCP) launched its first information event on 7th March at the Seven Kings Library in High Road and will now be holding the sessions every fortnight until May. 

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Deadline for 2016 Startups 100 index extended

The deadline for this year’s Startups 100 index has been extended. The annual initiative, which was launched in 2008 by Startups.co.uk, is a countdown of the best start-up companies in the UK.

Described as “the longest running index of its kind”, the scheme searches for the UK’s most “exciting and innovative early-stage businesses with fast-growth potential, original concepts and forward-thinking founders” that have launched within the last three years. 

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Social media start-up secures funding for expansion

A start-up company based in Hackney has secured funding to continue helping mums to get back into work.

Digital Mums, which provides online social media training and flexible work, has secured £285,000 to enable it to expand.

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UK banks sign up for Women in Finance Charter

March 24 ,2016 | by Erin O’Neill

Several UK banks have committed to signing up for a charter to promote gender balance in the workplace.

Major companies such as Virgin Money, Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland are showing their support after the government urged companies to sign up for the charter, which aims to get more women working in senior roles in the finance sector.

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British SMEs save £10,000 by negotiating, according to survey

March 23 ,2016 | by Thiago Kiwi

Almost half of SMEs in Britain saved £10,000 or less on bills in the last 12 months by negotiating with their suppliers, according to a survey by npower Business.

The survey found that this resulted in Britain’s small businesses making overall savings of £511 million across the sector over the past year.

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More young people interested in starting a business, survey shows

Over 20 per cent of young people aged between 15 and 18 are interested in setting up their own business, according to a survey by YouGov.

The survey, which was commissioned by Google, showed that over 30 per cent of teenagers believe that starting up a business would be beneficial, whilst 47 per cent said that they were not afraid of taking risks when making money.

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Sir Richard Branson relaunches pitching competition for entrepreneurs

Sir Richard Branson has relaunched VOOM, a competition that gives entrepreneurs the chance to pitch ideas and win cash prizes.

Entrepreneurs will have the opportunity to pitch ideas to a panel of experts, including Branson. Six businesses will be selected as winners and will share over £1 million in prizes.

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£9.5m fund launched in Manchester to boost exports

March 22 ,2016 | by Helen Gould

A £9.5m fund has been launched to help boost exporting and jobs in Greater Manchester.

According to Manchester Growth Company Chief Executive Mark Hughes, the Greater Manchester Export Fund will create and safeguard over 1,000 jobs.

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Brighton council urges employers to support young people

March 22 ,2016 | by Hari Sri

Employers in Brighton and Hove are being asked to sign a pledge of support to create jobs and raise opportunities and to help young people prepare for work.

Brighton and Hove City Council has urged employers to show their support after announcing that it will be creating 100 apprenticeships in 2016/2017 and a further 150 in 2017/2018. The council has launched the scheme to help tackle the decline of apprenticeships in the city.

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Dorset SMEs taking advantage of £3,000 broadband scheme

Around 750 SMEs in Dorset are taking advantage of a scheme that enables them to have access to faster broadband.

The Connection Vouchers Scheme, which was run by Dorset County Council on behalf of Dorset, Poole and Bournemouth, was set up to offer small businesses up to £3,000 towards faster and more reliable broadband.

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ACCA and Big Four to launch apprenticeship tax scheme

March 21 ,2016 | by Claire Payne

The Association of Chartered Certified Accountants (ACCA) has teamed up with the Big Four to launch a new apprenticeship tax scheme.

The accountancy body will be working with KPMG, PwC, EY and Deloitte to develop a scheme for the audit, accountancy and tax professions. The scheme, known as Accountancy/Tax Technician Standard, will enable school leavers to qualify with a higher apprenticeship and is linked to the Government’s Trailblazer scheme.

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Apprenticeships important factor for business growth, according to research

March 20 ,2016 | by Thiago Kiwi

Apprenticeships are one of the most important factors for business growth, according to research for the Funding Skills Agency.

The research, which was released as part of National Apprenticeship Week, found that nearly half of managers in growing companies in the West Midlands believe that hiring the right employees and having employees with the right skills are the most important factors when it comes to expanding a business.

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North Tyneside business park almost full after creating 14,000 jobs

March 19 ,2016 | by Erin O’Neill

Developers of Cobalt Business Park have announced that it has almost reached its full capacity. Cobalt Business Park is now one of the biggest in the UK, providing space for companies such as Accenture, Hewlett Packard and DNV.

All three firms have expanded, with Accenture now occupying 88,000 sq ft of space over two buildings, Hewlett Packard 200,000 sq ft of space over three buildings, and DNV 10,000 sq ft of space.

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Apprenticeship levy payers to receive 10 per cent top-up, says Treasure report

March 18 ,2016 | by Thiago Kiwi

Employers in England are to receive a 10 per cent top up on their monthly levy contributions. The plans were announced in a budget report published by the Treasury.

The top-up will mean that for employers who pay a levy of £2,000, their levy pot will be £2,200. This will be available for them to spend on apprenticeship training through their digital account. 

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Funding Circle to dedicate office space to younger startups

March 18 ,2016 | by Hari Sri

Funding Circle is to dedicate a floor of its new London-based headquarters to younger startups. The peer-to-peer lending company, which is worth over £1 million, moved into 71 Queen Victoria Street in Mansion House last year but took on more space than it needed.

The company is now giving startups the opportunity to make use of the extra space on one of its trading floors. It is offering 400 desks, which small businesses and freelancers can now book on property marketplace website Hubble. 

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Entrepreneurial Spark launches Newcastle small business hatchery

Entrepreneurial Spark has launched another UK hatchery and is now searching for start-ups and scale-ups for its Newcastle hatchery.

Over the next few months, the company will be signing up 80 small businesses for the programme, which will launch in August.

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ICAEW and PwC launch e-learning programme for accountants

March 17 ,2016 | by Claire Payne

The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered up with PwC to launch the ICAEW IPSAS Certificate, an online learning programme for public sector accountants.

The “practical and user friendly” programme will enable accountants to develop their skills, providing them with technical guidance, revision aids and practical examples. There are no entry requirements for the programme.

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Boris Johnson unveils plans to create East London hub

March 17 ,2016 | by Thiago Kiwi

Boris Johnson has unveiled plans to create a business hub in East London. According to Johnson, the proposals will “transform further parts of the Docks and adjoining Beckton Riverside to become a world-class business destination.”

The proposals include recommendations for improved transport infrastructure and will help to create industrial space, as well as open up further developable land on the north banks, which could help to bring 24,000 homes and 60,000 jobs to the area. 

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Innovate UK launches competition for sharing economy start-ups

March 17 ,2016 | by Hari Sri

Government-backed innovation agency Innovate UK has launched a competition for sharing economy start-ups.

The competition, which is part of Innovate UK’s “IC tomorrow” programme, is searching for solutions across the peer-to-peer market and will give businesses the chance to be awarded £180,000.

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