LSBF Blog - Global Matters
A growth hub based in Birmingham has secured a £1 million funding package to enable it to provide more support for local businesses to help them to grow.
The Greater Birmingham Growth Hub received funding from the Department for Business, Innovation & Skills (BIS) to expand its programme and offer “greater levels of expert knowledge” to businesses.Read more >>
A start-up scheme launched by the Government will help to drive the economy, according to officials.
The Start Up Loans Company, which was established by the Department for Business, Innovation & Skills in 2012, has so far helped to create 50,000 jobs.Read more >>
Women-led businesses are the driving force of the UK economy, according to data compiled by Founders4Schools, a company that focuses on inspiring young people to set up their own business.
Figures from the open-government and LinkedIn data sets showed that the average annual turnover for businesses led by women is £11,719,080, more than the average business annual turnover of £11,284,634.Read more >>
A new business hub is expected to benefit small and medium-sized businesses in Gloucester and create new jobs in the area.
The hub would consist of 22 units, which would be used for general industrial use and to provide office space for businesses.Read more >>
A company based in Leighton Buzzard is to create 150 apprenticeships to help young people develop a wide range of skills. Property firm Connells Group will be creating the apprenticeships as part of this year’s National Apprenticeship Week, from 14th to 18th March.
The company first launched the Connells Group Apprenticeship Scheme in 2013 to provide young people aged 16 to 23 with the opportunity to develop the skills required to work in the residential property industry, such as business administration, HR, customer services and residential sales.Read more >>
NatWest and Royal Bank of Scotland (RBS) have scrapped lending fees for small businesses. RBS announced last week that small businesses will no longer have to pay arrangement fees and repayment fees on loans.
Businesses will now be able to borrow up to £500,000 and make repayments at any time without having to worry about any penalties.Read more >>
Dr Steve Priddy, LSBF's Director of Research, has interviewed Dutch entrepreneur and author Marga Hoek about her recent best-selling book.Read more >>
Serial entrepreneurs are the central to the success of the UK economy, according to a report from Coutts and the Centre for Entrepreneurs (CFE).
The report, titled “Beyond the first business: the myths, risks and rewards of being a serial entrepreneur”, showed the differences between one-time entrepreneurs and serial entrepreneurs.Read more >>
Accenture has secured a £1.85 million grant from Let’s Grow North East to enable it to expand and create over 100 jobs in the region.
The professional services company has already increased its number of employees from 200 to 600 at its Newcastle Delivery centre over the past five years. Now, the company is planning to expand to a second office in Cobalt Business Park in North Tyneside and increase its number of employees to over 700.Read more >>
The Co-operative Bank has launched a programme nationwide in partnership with Co-operatives UK to support people who are looking to start or grow community enterprises.
The programme, which is called The Hive, will provide a wide range of opportunities, including peer mentoring, training sessions, advice, and one-to-one support.Read more >>
Software company SAP has launched a new front-office solution to enable small UK businesses in the digital economy to run customer interactions more easily.
SAP Anywhere will provide businesses with a wide range of digital tools for customer engagement, e-commerce, marketing, inventory management and business analytics. Businesses will be able to have access to the tools on computers and mobile devices.Read more >>
Female entrepreneurs in Tunbridge Wells are the highest paid in the region, according to a report from the Office of National Statistics (ONS).
Figures showed that women in Tunbridge Wells are paid more than their counterparts in other areas of Kent, earning an average of £377.30 per week (£19,619 per annum) in 2015. This was higher than the average weekly earnings in Kent and in other areas in the south east.Read more >>
Graduates with work experience bring more value to a company, according to research from the Association of Graduate Recruiters (AGR).
AGR’s first annual development report surveyed 191 companies and found that graduates who started out as interns stayed with a company for six months longer than those who did not.
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Salaries for part-qualified accountants are expected to rise in Milton Keynes, which could indicate a high demand for accountancy skills according to recruitment company Robert Walters.
A survey by the company showed that salaries are expected to increase by seven per cent for part-qualified accountants compared to four per cent for all accountants, whilst CIMA-qualified accountants will see an increase of ten per cent.Read more >>
The number of job vacancies in the finance sector increased in January by 12 per cent more than in the same month last year, according to the Association of Professional Staffing Companies (Apsco).
Research showed that average salaries in banking jobs have increased by 4.9 per cent, whilst the average salary across all professional sectors in the UK increased by 4.2 per cent. Pay growth in the professional sector was found to be higher than the UK average recorded by the Office for National Statistics in the latter half of 2015.
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A technology hub based in Birmingham has opened applications for a smart cities incubator programme to help technology startups.
The programme, which is being set up by Innovation Birmingham, will enable tech start-ups to receive support and mentoring. The Serendip Smart Cities Incubator will be located in the new £8 million iCentrum building.Read more >>
A funding scheme has been launched to support entrepreneurs in the Isle of Axholme.
UK Steel Enterprise has partnered up with North Lincolnshire Council and the Growth Hub to launch the Kickstart Fund, which will provide grants of between £500 and £1,000 to help aspiring entrepreneurs to establish a business or become self-employed.Read more >>
The organisers of a new business hub are looking for entrepreneurs who are interested in joining the programme. Entrepreneurial Spark and NatWest will be opening the hub in Milton Keynes at the bank’s Silbury Boulevard branch in August.
The hub is one of many UK business hatcheries that Entrepreneurial Spark is opening to provide help to startups with the development of their business.Read more >>
Businesses need “fast, reliable connectivity” in order to thrive, according to business secretary, Sajid Javid. In a speech to the EEF, the manufacturer’s organisation, Javid announced a review that will provide affordable and high-quality broadband for businesses.
The announcement comes after research found that slow broadband causes businesses to lose up to a full day’s work. A recent study by Virgin Media Business found that having a slow connection is the biggest time waster for small businesses, whilst research from YouGov found that the average employee loses around 15 minutes a day as a result of slow broadband.Read more >>
Small UK businesses are targeting Australia’s export market, according to a survey by Royal Mail. The company surveyed 300 small retail exporters to see where they are sending their goods and found Australia to be a top spot for businesses.
According to the study, UK retailers are placing more focus on customers outside of Europe and are targeting affluent customers in English-speaking countries.
Read more >>
Workers of the age of 50 believe that companies are not helping them to put their skills and expertise into practice, according to an Ashridge survey.
The study, titled Don’t Put Baby (Boomers) in the Corner: Realising the Potential of the Over 50s at Work, found that a large number of respondents believe that their company is doing nothing to share skills and experience between different generations.Read more >>
Self-employed workers are “overwhelmingly satisfied” with their job, according to a report by Bright Blue.
The report found that self-employed individuals are much happier than employees in full-time work, despite having a more difficult working life and being more likely to have a low income.Read more >>
UK employers are planning to recruit more permanent staff in the next three months, according to the latest JobsOutlook survey from the Recruitment and Employment Confederation (REC).
The report found that over 80% of businesses are planning to hire more permanent staff between now and May, whilst 29% said that they have recruited more staff in the past year.Read more >>
According to new research, 79% of finance and accountancy professionals believe professional membership bodies support their career in accountancy.
The statistics come from respondents to a survey conducted by job site GAAPweb, of over 450 accountancy and finance professionals. They include members of ACCA, CIMA, ICAEW, AAT, IFA and AIA, from Part-Qualified to Chief Financial Officer across a wide range of industries.Read more >>
A programme that is being launched in Derry and across the North West will provide entrepreneurs with the opportunity to develop their business.
‘Growing Startups’ will enable entrepreneurs to receive £10,000 in seed capital and support from mentors.Read more >>