Having piloted it successfully in the US in July, internet retail giant Amazon has expanded Launchpad. This is an online platform aimed at helping start-ups to market their products and grow their customer reach to the UK.
Increasingly academies are being encouraged to pool resources, it was suggested earlier this month.
A leading businessman has warned that the “potentially lethal” cocktail of increased business rates and the new National Living Wage (NLW) could damage the economy. Particularly in the retail sector, where rates now total £8 billion.
A new study has found that start-up investors in Enterprise Investment Scheme (EIS) companies face long delays in refunds of their tax by HM Revenue & Customs (HMRC), with some waiting for up to a year.
Picturesque Welsh market town Crickhowell is setting up similar techniques to those used by huge multinationals that allow them to avoid paying the usual rate of business tax in a bid to force the Treasury into legislation to crackdown on the tax loopholes.
A new report is investigating why the UK, which is so good at producing unprecedented numbers of new, registered companies, is not as good at helping these start-ups grow to become scale-ups, which could boost the economy by billions.
Local Government Minister Marcus Jones has launched a consultation on plans to shake up the current business rates appeal process and protect councils from speculative appeals by “unscrupulous agents”.
Virgin Media has launched a 13-week start-up accelerator programme to identify and support innovative and disruptive digital start-ups across the UK, in collaboration with global technology accelerator Techstars.
The UK has overtaken the US to become the top G7 country to do business in and is the sixth most business-friendly in the G20, with the joint-lowest corporation tax rate in the group and plans afoot to cut it further still.
Start-ups on the Government-backed Tech City’s Future Fifty programme raised £470m in the first nine months of this year, 63 per cent more funding than they received over the whole of last year, with the total amount being raised by entrepreneurs on the scheme now standing at £1.1bn.