Government provides £200m for small firms as Brexit threatens EU funding April 17, 2019 The UK government has handed over £200m to help support smaller businesses in the 2019-20 financial year as the future of European Union funding remains uncertain. Read more: No-deal planning programme extended due to later Brexit date The Treasury announced today that it has made the cash available to the British Business Bank, which provides [...]
Debate: Is Sadiq Khan’s new ultra-low emission zone an effective solution for tackling air pollution? April 9, 2019 Debate: Is Sadiq Khan’s new ultra-low emission zone an effective solution for tackling air pollution? Yes – Fiona Howarth is chief executive of Octopus Electric Vehicles. If London’s water supplies were poisoning 9,000 people a year, there would be national outrage. So why are we not outraged about the air that we breathe? Research published [...]
Funding Circle shares fall as it plans to wind down SME fund April 5, 2019 Funding Circle's shares dived today as it revealed plans to wind down its small and medium enterprises fund and return capital to shareholders. Funding Circle SME Income Fund (FCIF) said that after a consultation with shareholders accounting for over two thirds of the register, it had concluded investors did not want to put more money into [...]
Emojis are a better metric for national wellbeing than traditional data methods March 20, 2019 HMRC’s programme to make tax digital continues to roll out. Anyone with a small business will know about the imminent deadline of 1 April, when VAT returns become digital. Quick to seize an opportunity, several companies have developed software to ease the task. The digitisation of tax raises the wider issue of whether technology will [...]
A third of small businesses have no cyber security strategy, report finds March 18, 2019 A third of small businesses in the UK have no cyber security strategies in place, a new report has found. Research by charity Business in the Community (BITC) revealed 40 per cent of small businesses had not taken any action on cyber security over the past 12 months. In addition, more than three-quarters of firms [...]
Formula One legend Bruce McLaren is a racing role model, but what can business leaders learn from his life story? March 15, 2019 When Bruce McLaren, the founder of the motor racing team named after himself, was just nine years old, he was diagnosed with a hip issue that left him bedridden, with his legs encased in plaster for three years. This devastating experience left him unable to do what every youngster should be doing: playing with friends, [...]
If Kylie Jenner can be an entrepreneurial superstar, so can the rest of Generation Z March 7, 2019 Generation Z are the most entrepreneurial age group, according to recent research. While we all thought that millennials were the trailblazers in terms of entrepreneurship, today’s 16-24-year-olds knock them out of the park. And they are 20 per cent more likely to want to start a business than their parents. What’s even more interesting is the [...]
U-Lez Miserable? London’s small businesses need support on new emissions rules February 25, 2019 A week is a long time in politics, or so goes the famous adage by former Prime Minister Harold Wilson. And it is apparent that a week and a half will be a very long time indeed in the world of small businesses, between 29 March and 8 April. With our departure from the European [...]
Business lender Iwoca rakes in £150m financing from Augmentum Fintech and NIBC February 18, 2019 Small business lending challenger Iwoca has closed a total fundraise of £150m, led by an earlier £7.5m investment from London-listed fund Augmentum Fintech. City A.M. understands the raise was made up of a £20m series D equity funding round and £130m in debt capital. Existing investor Prime Ventures also participated, alongside NIBC Bank. A person [...]
Dwindling cash points spark joint campaign to protect access to physical money February 12, 2019 Small businesses and consumers have teamed up to rail against dwindling access to physical cash, in the wake of a glut of ATM closures last year. Figures from consumer magazine Which show more than 2,500 cash points were lost in the second half of 2018, while 3,000 bank branches have shut since 2015. Read more: [...]