According to the Telegraph, the Government could start using the British Business Bank (BBB) to invest directly in tech start-ups as a way of competing against funding support offers from US firms, which are often boosted by wealth venture capitalists.
For the most promising UK start-ups, tens of millions of pounds of taxpayers’ money could be invested in them, as Britain races to create the next global tech giant.
New data from the Office for National Statistics (ONS) has revealed that business investment has fallen again in the second quarter of 2018.
HSBC UK is launching a £12 billion lending fund for small medium-sized enterprises (SMEs) across the UK.
Two in five businesses about to be affected by Making Tax Digital (MTD) for VAT are not aware of its requirements, a new study has revealed.
The British Chambers of Commerce (BCC) has lowered its UK growth forecast and warned that, by 2020, the economy will have experienced its second-weakest decade.
Entrepreneurs and start-up businesses in the UK should have greater access to funding opportunities and other “Dragon’s Den-style support,” it has been argued.
Small tech firms that automatically switch consumers to the cheapest deal are threatening the dominance of the UK’s biggest energy suppliers, mainly because the “Big Six” have most consumers on the most expensive default tariff.
The Government has this week launched a new toolkit designed to help save schools cut down on billions of pounds in non-staffing costs.
According to the Confederation of British Industry (CBI), the overall business tax contribution in the UK in 2017/18 was £186 billion. This reveals that business taxes have been increasing faster than other taxes.