LSBF Blog - Global Matters
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 >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>