uk

Overseas Entrepreneurs Choose UK for Business

Overseas Entrepreneurs Choose UK for Business

Thousands of UK small businesses have been created by entrepreneurs born outside of the UK providing Britain with connections to high growth global economies, according to research by consultancy group Procorre published today. The report attributes the UK’s start-up environment and recent government measures like the Entrepreneur Visa to increasing numbers of aspiring entrepreneurs moving to the UK to set up a business. Singling out Made.com’s Ning Li, Euro Car Parts’ Sukhpal Singh Ahluwalia, e-bookers.com’s Dinesh Dhamija and Cobra beer’s Lord Bilimoria, the report emphasised that overseas-born entrepreneurs are providing the UK with some of its leading businesses. The consultancy group also asserted that entrepreneurs from other countries will encourage links between the UK and the fast... »

CBI Predicts UK Economy Return to Growth in 2012

The UK economy will see growth resume in the second half of 2012, with faster GDP growth during 2013, according to the latest quarterly CBI economic forecast. The CBI now expects GDP growth in 2012 to be 0.6%, down from the 0.9% growth forecast made in February. The figures have been revised as a “direct consequence” of the preliminary ONS figure for quarter one. In the longer term, however, the CBI forecasts GDP growth for 2013 to be 2%. Quarter-on-quarter growth is expected to be flat in the second quarter of 2012 (0%). However, the CBI says there will be an improvement in the second half of the year (0.7%, 0.5%), citing an improving global economy, an expected easing in inflationary pressures, a boost from the Olympics and a bounce back from the second quarter. The CBI also ... »

A World Awaits for UK Exporters

A World Awaits for UK Exporters

There are opportunities for UK exporters in all corners of the world. They include: Brazil – The value of UK goods exported to Brazil grew by 24 per cent to £2.2 billion in 2010. China – China has become the UK’s ninth largest goods export market and British export activity there rose by 418 per cent from 2000-2010. France – The UK’s fourth-biggest export market. India – UK exports to India grew 45 per cent between 2005 and 2010. Ireland – Widely considered the ‘easiest’ overseas market for UK exporters, who sold goods worth £17 billion there in 2010. Mexico – UK goods exports to Mexico increased by £207 million in 2010. 24 per cent of internationalised UK firms said that they are already doing business here or are ‘very’ or ‘quite’ likely to do so in th... »

Exporting: Support Services for UK Exporters

Exporting: Support Services for UK Exporters

A wide range of support services exist to help UK exporters and would-be exporters to tackle virtually all of the issues and challenges which they are likely to face, and help them become established in international markets. Following are just some of the many organisations which can help you get started on your exporting journey. UK Trade & Investment UK Trade & Investment (UKTI) is the Government Department that helps UK-based companies succeed in global markets and assists overseas firms in bringing their high-quality investment to the UK. UKTI has a global network of 2,400 staff. Its International Trade Advisers (ITAs) around the UK have years of business experience to draw on when advising companies. In 96 markets based in British Embassies and other Diplomatic offices around... »

Business Owners Lack Confidence in Non-exec Directors

More than half of company owners lack confidence in their non-executive directors, research by private bank Coutts & Co has revealed. The survey of 141 entrepreneurs found that 56% were sceptical about the ability of a non-executive director (NED) to improve business performance, while a third (33%) admitted they had had a poor experience of using NEDs in the past. The survey also found that more than half felt that non-executive contracts should be limited and that individuals must not remain on the board if they ceased to add value. Andrew Haigh, managing partner for the entrepreneurs client group at Coutts, said NEDs were typically taken on to fill skill gaps and add an independent perspective to a business. “However, it is important that they are brought on board for the righ... »

UK SME Leaders Challenge Traditional Business norms

UK small businesses are challenging the traditional norms of doing business successfully according to a survey of 1,500 owners and senior managers of small and medium enterprises (SMEs) released by T-Mobile. The research identifies a range of business conventions challenged by business leaders across the UK. Traditionally accepted ideas of what constitutes business success, are increasingly being challenged with 58% claiming the amount of staff in the business can no longer be considered a benchmark of success. While more than a third (39%) disagree with the idea that the size, design and location of your office reflects the success of your business, suggesting a shift to alternative ways of operating as mobile working becomes increasingly prevalent. A clear majority (94%) of business lead... »

UK the Best Place for Business

A worthy aspiration but is it achievable? Conservatives: “Our goal is simple: to make Britain the easiest and the best place in the world to set up and grow a business.” Labour: “Labour’s aim is to make the UK the best country in the G20 in which to set up and run a business, and become one of the most attractive places in the world to invest.” Liberal Democrats: “Our vision is simple we want Britain to be the location of choice for business.” The three main political parties have ‘making the UK the best place/location for business’ as either a ‘goal’, ‘aim’ of ‘vision’. These aspirations will no doubt be shared by other nations around the world, with the UK competing to be the best place to set up, l... »

What Would You Ask the UK’s Top Business Minds?

The Carbon Trust Best Advice campaign offers UK business people the chance to find out The Carbon Trust is running a competition to win business advice from some top business minds as part of its Best Advice campaign. Some of Britain’s best known and most successful leaders of industry have backed a campaign to help British businesses stop wasting energy by taking a free Carbon Survey. They have called these “the best free advice a business can get” and are now offering their own ‘best advice’ through a free competition. The Carbon Trust’s Best Advice business gurus – including Ian Cheshire, Group CEO of Kingfisher and chairman of B&Q – are offering five winners the chance to quiz them on how to survive and thrive... »

UK to Emerge from Recession after Election

UK to Emerge from Recession after Election

Despite the National Institute of Economic and Social Research (NIESR) saying Britain is already out of recession the Federation of Small Businesses (FSB) has predicted that business investment is unlikely to increase and the economy will not emerge from recession until after this spring’s general election, According to the FSB’s head of public affairs, Stephen Alambritis, while it will be another difficult year for businesses there are signs that the UK will start to emerge from recession after the general election — which is expected to take place in May this year. “The results of the general election will influence investment decisions, as businesses don’t yet know what the tax rates will be — for example capital gains tax — and that will hold t... »

UK Philanthropy Still Resilient

UK Philanthropy Still Resilient

New research out today, which tracks the quantity, size and destination of charitable donations worth £1m or more in the UK during 2007/08, reveals the resilience of philanthropy and the desire of donors to fulfil their pledges and sustain their giving in the face of the economic situation. Despite several research reports citing significant drops in wealth* amongst the UK rich – the fall in the total value of donations worth £1m or more was found to be 13%, and the fall in the number of donors making commitments at this level fell by just 6%. Furthermore, the research finds that more ‘million pound donations’ are being given directly to charities to spend on activities. In a reversal from 2006/07 – the first year this research was undertaken – the... »

Page 1 of 212