New research published today signals a strong focus on growth amongst UK’s small businesses and an ambition to take their business onto the next level is returning after recent negative.
Business Secretary Vince Cable has accepted that there is more to be done to help business as a report by MPs has said that the government’s growth strategy will have little effect without the support of the banks.
Following the announcement of ‘Project Merlin’ yesterday, the requirement by banks to lend up to £200billion to small and medium sized businesses this year is ‘meaningless’, a senior banking executive admitted.
Businesses entering administration fell by almost a quarter across England in the last quarter of 2010 compared to the same period in 2009, with the fall in insolvency numbers much more pronounced in London and the South East.
The non-profit organisation Enterprise UK, which runs Global Enterprise Week in the UK, has announced that it is to close after more than six years following the withdrawal of public funding.
Following the controversy surrounding Sharon Wright, her company Talpa Products, and entrepreneur James Caan’s following a pitch on Dragons’ Den, which we reported on a few months ago, we understand that it may well now be Caan who will be pitching to a different kind of judge as Wright has launched High Court action against Caan.
The government has announced that it is to scrap the default retirement age of 65 this year, against the wishes of businesses, who wanted another year to manage the change, and who fear it will cause legal confusion and lead to a rise in cases taken to employment tribunals.
The crowd can be fickle. The expression “hero to zero” has come about to describe the way that the flavour of the moment can be despised the next.
For those forward-thinking SMEs already reaping the rewards from moving their sales and service to the cloud, the next stage is to build in real-time business collaboration. Time is a premium for most SMEs, particularly in today’s highly competitive business environment it can be difficult for management to stay in touch with employees and ensure they are kept informed of all the latest company or market developments.
David Cameron plans to kick-start small business sector growth by making it easier to sack staff in the first two years of their employment.