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.
Amidst news of steel producers across the country laying off workers and closing facilities, Business Secretary Sajid Javid has hinted at tax breaks for the beleaguered industry in a bid to cut costs and prevent closures.
A new visa scheme introduced by the Government will make it easier for UK start-ups to hire workers from outside the EU who are skilled in things like artificial intelligence and machine learning.
Outstanding teaching could be rewarded with bonuses as part of the latest government effort to ensure the “best” teachers are recognised.
The final report in the Organisation for Economic Co-operation and Development’s (OECD) G20 series has concluded that companies should pay tax in the countries where they conduct business rather than where they are based.
According to the US-based Global Entrepreneurship and Development Institute (GEDI), the UK provides the strongest environment for start-ups in Europe and the fourth most successful worldwide.