LSBF Blog - Global Matters
Small and medium-sized businesses in the North West are remaining confident despite the uncertainty of the UK referendum.
According to the latest SME Confidence Tracker, they are set to invest almost double the UK average.Read more >>
Accountants are one of the many types of workers now in demand as a skills shortage hits companies.
According to research from the Recruitment and Employment Confederation (REC), companies are searching for skilled workers such as accountants, project managers, sales staff, engineers and quantity surveyors to fill permanent positions.Read more >>
Lloyds Banking Group has pledged to support local companies become first-time exporters. As an effort to support and encourage SMEs, Lloyds will be supporting 5,000 exporters in Yorkshire in 2016 and intends to support a total of 25,000 first-time exporters by 2020.
The bank’s campaign has been launched in support of the government’s Exporting is GREAT campaign, which aims to help up to 100,000 businesses trade overseas.Read more >>
Vodafone has announced its plans to establish a number of regional business hubs across the East of England to support local business owners. The telecom giant also announced that it will continue investing in mobile infrastructure in Suffolk and Norfolk.
The company stated that by having teams of business support specialists in its business hubs, it would allow the company to provide faster and more specialised services to SMEs.Read more >>
The UK’s Space Innovation and Growth Strategy (IGS) has said that SMEs will be vital for its long-term plan to increase its share of the global space market.
In its UK Space Innovation and Growth Strategy 2015, the IGS announced that it is on track to increase its share of the market from 6% in 2009 to 10% by 2030. This share will generate £40 billion in revenue from the sector and now SMEs are being targeted for investment.Read more >>
The US online lending firm Kabbage is partnering with Spanish bank Santander to provide same-day funding loans to SMEs in the UK.
A joint announcement by the two collaborators said that the pilot programme will launch in the next two months.Read more >>
Barclays has become the first major bank in the UK to support a new Android and iPhone application that allows users to transfer currencies through various media using bitcoin.
The app has been created by US-based digital payment company Circle and allows users to send emojis, written messages and even animated GIF videos when they transfer money to recipients.Read more >>
Department store John Lewis has announced that it is ready to start receiving applications for its ecommerce startup accelerator programme, JLAB, which supports and develops innovative ideas in the retail industry.
Jointly run with L Marks, an innovation consultancy that works with startups and corporates, the programme will help to hasten the growth of retail startups by providing micro-funding of £200,000. Finalists will also get an opportunity to forge a commercial partnership with John Lewis.Read more >>
Elevator, a business support organisation that works with businesses across Scotland, has said that Aberdeen city and shire are witnessing an increase in startups, and this reflects the robust economy and flourishing entrepreneurial spirit in the region.
The organisation works with startup companies and promotes the growth of existing and new businesses in Scotland. It claimed that the number of startups launched in the north-east during the past year was the highest ever, with 555 new startups opening in Aberdeen and 721 in Aberdeenshire.Read more >>
Investment body UK Business Angels Association (UKBAA) has teamed up with Barclays to launch Angel Hubs in Birmingham.
The collaboration will host a pilot session for entrepreneurs in Barclays’ Eagle Lab in the city.Read more >>
The Department for Work and Pensions has just released new data showing that the New Enterprise Allowance (NEA) scheme was responsible for launching 80,830 startups between April 2011 and December 2015.
Of all the businesses launched through the NEA, Liverpool was leading the way with 1,410 startups. Other places that attracted the most NEA-aided startups included Sheffield (1,250), County Durham (1,180), Birmingham (1,140), and Glasgow City (1,140).Read more >>
Businesses in the North East are set to benefit from an additional £17 million after an EU investment cash programme was given a boost. The JEREMIE programme, also called the Finance for Business North East fund, has received a top up so that it can continue investing in the fastest-growing businesses in the North East until the end of 2016.
The programme was established by North East Finance in 2010 to drive economic growth in the North East; it is made up of a suite of seven investment funds.Read more >>
A Huntingdon-based not-for-profit organisation has secured funding of £10.5 million through Growth Deal, which is the funding arm of the Greater Cambridge Greater Peterborough Local Enterprise Partnership (LEP).
Minister for Business, Innovation and Skills Nick Boles visited the project site of iMET where a new facility will offer training in advanced technical skills in the fields of technology, engineering, and manufacturing.Read more >>
A British website is helping Syrian medical students to become doctors by providing the necessary training and information online. The online healthcare training platform works by connecting students to tutors and academics who are based in the UK.
SyriaScholar was founded in 2015 by two British medical students, brothers Kinan and Louwai Muhammed, both of whom were born to Syrian parents in the UK.Read more >>
Big businesses in the UK are planning to collaborate and forge partnerships with small business owners and innovative start-ups.
Some companies are offering free tools and computers, whilst others are offering training, advice and free-of-cost accelerator services.Read more >>
Rochdale Council has announced that apprentices in the borough will receive an additional payment of £1,000 from the council as an incentive to continue their apprenticeship. Employers operating within the borough will also receive an extra £1,000 for every new apprentice they take on.
The council hopes this incentive will motivate more young people to take up an apprenticeship in fields such as informational technology, computing and engineering.Read more >>
Start-ups should have “the right early support” to help them overcome their fear of failing, according to NatWest North East Entrepreneur Development Manager Dale Sidebottom.
His comments came after new research carried out by Populus for NatWest showed that 23 per cent of people would like to start their own business, but 57 per cent are held back from doing so because they have a fear of failing.Read more >>
SMEs in Tyneside and Teesside have received £285 million in funding from HSBC over the past ten months. The bank first launched its regional SME fund in May 2015 and initially provided £150 million in funding.
The company has now announced that it has increased the size of its fund to meet the demands of local businesses that are hoping to grow.Read more >>
According to a survey carried out by Avon, 60 per cent of women in the UK want to start up their own business.
The company surveyed 2,000 women and found that out of those who wish to start their own business, 45 per cent said that they have been held back because they feared that the process would be too complicated.Read more >>
Google is to be one of the headline acts for Blackpool’s first Enterprise Week. The event, which will be hosted by Blackpool Council, will provide a wide range of activities to help local entrepreneurs to grow their business.
Google will be launching its Google Digital Garage at the event, which will be the first time the tech company has taken the workshop outside a major city.Read more >>
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.Read more >>