It is believed that Chancellor Sajid Javid is set to scale back a tax break for entrepreneurs in next month’s Budget, amid concerns that entrepreneurs’ relief is overly generous to the ‘already wealthy’.
The latest figures from the Insolvency Service show that corporate insolvency is at the highest level since 2013, while separate research suggests that young businesses, meaning those formed after 2014, are more likely to have financial problems.
Recent research suggests the majority of start-ups find it relatively easy to secure funding, but when it comes to deciding what to spend the money on, many firms struggle with the decisions.
A recent study has found that venture capital (VC) funding for tech firms reached £10.1 billion in 2019, a 44 per cent increase year-on-year and an all-time record.
New research has found that investors pumped £2.8 billion into UK-based start-ups between 2014 and 2018, marking a fourfold increase.
With small business confidence plunging to its lowest level in eight years, the Federation of Small Businesses (FSB) is urging the Government to deliver on its promises if confidence is to be revived this year.
The Government has announced funding for innovative businesses involved in developing game-changing products and services in any area of technology, science and engineering.
An academy trust set up solely to take on “rejected” academy schools has been approved to take on its first acquisition, reports have revealed.
Additional school funding will not help financially struggling schools, a major think tank has warned.
A record number of shoppers came out to show their support for the UK’s 5.8 million small, independent businesses on the UK’s seventh annual Small Business Saturday on 7 December, providing them with an important boost.