The professional body for business mentoring, the Association of Business Mentors, has today launched new workplace mentoring initiatives. These new services, which reflect the ABM’s ongoing commitment to support the growth and success of UK Businesses, provides organisations who have mentoring programmes, or wish to offer mentoring programmes to their staff, the tools to maximise […]
The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail. As well as raising public funds, reducing tax evasion encourages a level playing field between […]
techUK has unveiled a new report highlighting the immense potential for growth and productivity through increased digital adoption among UK SMEs. The report, “Small Enterprises, Big Impact”, finds that the UK still suffers of a productivity gap. Despite SMEs making up 99.9% of UK companies and representing some of the country’s most resilient businesses, over […]
New research hints at renewed small business confidence since the installation of the new government. The Novuna Business Finance study of 1,000 small business owners and senior management reveals that the proportion of enterprises considering new projects to secure future growth has risen to 68%, after a dip to 66% at the start of the […]
This year’s Business Finance Week 2024 sees the British Business Bank marking a decade of supporting access to finance for smaller businesses across the UK. Held from 26 September–3 October, with a host of free nationwide and regional in-person events, webinars and more, Business Finance Week helps smaller businesses learn about the different finance options […]
Donna Edwards, director of the North West adoption programme, says businesses are hesitant to commit to change because they lack the confidence with technology and digital skills among leaders and employees. But, delaying digital transformation risks being left further behind, or wasting time, effort and money, Edwards cautioned. The stark warning features in the foreword […]
Three in four (73%) SME finance brokers feel optimistic about the future of small businesses, according to SME lender iwoca’s latest Q2 2024 SME Expert Index. The survey of SME brokers reveals a tentatively bullish outlook for the UK’s 5.5m SMEs, as optimism among brokers is up 3pp compared to Q1 2024, and 6pp compared […]
UK small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company FreeAgent. Analysis of invoices sent by FreeAgent’s small business customers between June 2023 and June 2024 has revealed the startling impact of late payment on the UK’s SME sector, with almost half […]
While the rest of the nation is kicking back, the UK’s hard working entrepreneurs are burning the midnight oil, with an unusual number of small businesses buying business insurance during national holidays and in the early hours of the morning. Insights from small business insurance provider Simply Business revealed 3,000 business owners bought insurance on […]
The agreement, which will enhance economic growth across the UK, will also boost overall availability of the UK’s warships and submarines. It will see far greater access from the Ministry of Defence directly to small and medium-sized enterprises (SMEs), allowing them to bid for work under a seven-year framework worth up to £850m. The Marine […]
