UK not top of the list as a start-up location
The UK is not the best place in the world to start a business, according to the latest research.
Paras Shah Blog |
The UK is not the best place in the world to start a business, according to the latest research.
Recent research suggests that only a small percentage of the UK’s small and medium-sized enterprises (SMEs) plan to increase investment this year, and many businesses are potentially missing out on a major Government tax break that enables them to invest up to £1 million in plant and machinery while reducing their tax bills.
Critics claim that the return of the Crown Preference policy – whereby HM Revenue & Customs (HMRC) will be given priority in insolvency cases – is a bad idea and will impact on the ability of small businesses to get credit.
According to recent research, the UK’s start-up and scale-up businesses raised £4.5 billion over 889 deals in the first half of 2019, which is 15 per cent more money than in any equivalent period before.
Recent research suggests that a significant number of small business owners in the UK still manually write down expenses and keep receipts in a bag to manage their finances.
Recent research has found that, since 2017, larger scale-ups have received the majority of venture capital investment, with investors placing bigger bets on fewer businesses.
The Confederation of British Industry (CBI) has revealed that the private sector has experienced its worst quarter in almost seven years in the three months to June, as the Brexit impasse and poor weather hit economic growth.
According to Vodafone, 60 per cent of start-ups from a range of sectors are excited about the difference that 5G can make to their business.
Small Business Minister Kelly Tolhurst has unveiled new measures to ensure small businesses get paid on time by holding larger company boards accountable for poor payment practices made to other businesses.
According to a recent report produced for London Tech Week, the UK technology (tech) sector produced 13 so-called ‘unicorn’ businesses, which are firms worth more than £784 million, in 2018, taking its overall total to 72.
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