Small businesses might benefit from GrowthAccelerator
The government recently launched the GrowthAccelerator scheme to help as many as 26,000 of the country’s brightest small businesses.
finance
Small businesses urgently need to access credit
Vince Cable, the business secretary, says that the suggestion to set up a new government funded bank to lend to SMEs, would not be effective in tackling the crisis those businesses face when trying to obtain credit.
SMEs boost cash flow by dipping into owners’ personal wealth
New research suggests that the personal finances, and private lives, of a lot of small business owners are suffering because of the rising costs associated with running their own company.
Do lending targets help the clients of umbrella company contractors?
The FSB claims that small businesses cannot start-up and grow with the present lending targets set by the government.
UK banks recruit volunteer SME mentors
The UK’s major high street banks are recruiting staff, both current and retired, to act as volunteer mentors to help small businesses thrive.
Entrepreneurs need more organisational skills
According to Andrum Consulting, most entrepreneurs lack the organisational skills necessary to launch their ideas successfully.
Are UK banks bad news for umbrella company contractors?
Lord Oakeshott, the former Liberal Democrat Treasury spokesman has accused the UK banks of hindering the economic recovery by refusing finance to small enterprises and charging extravagant rates when they do.
Are umbrella companies at a high risk of insolvency?
The chances of companies collapsing are increasing by the month, according to a new study from RSM Tenon.
UK personal debt is spiralling out of control
UK personal debt has now reached “tipping point” according to a recent report from moneysupermarket.com.
Increased bonuses for directors won’t please shareholders
Nearly 25% of the UK’s largest organisations will freeze executive salaries this year because shareholders will not tolerate high payouts, according to a new report from PwC.
Economy is improving, will business confidence follow suit?
The latest ICAEW/Grant Thornton UK Business Confidence monitor shows that business confidence is weakening but the economy is slowly improving.
Entrepreneurs leap by 117% in the last 5 years
There’s been a massive surge in the number of entrepreneurs who have set up limited companies in the last five years, according to Experian.
FSB calls for more competition in the banking sector
The FSB is asking the government to do more to encourage competition in the banking sector. There have been concerns that the current lack of competition could lead us back into recession.
Just waiting for the worst. It might be yet to come
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.
Don’t ignore tax reforms says the IMA
The Investment Management Association has said that the government must not be detracted from the need to reform the UK taxation system just because spending cuts are being implemented.
Cable to clamp down on banks that do not lend to SMEs
SMEs and umbrella companies have been struggling to get much needed finance from the banks and Vince Cable has now put forward the government’s proposals to force the banks to make more funds available for small companies.