Friday the 13th was not an unlucky date for British start-up firms, as StartUp Britain revealed that 499,149 businesses had been started by that date, meaning that the target of 523,410 should be reached by the end of the year.
Critics have warned that plans to regulate crowd-funding could deprive thousands of small firms looking for finance of a crucial source of income, as the rules intended to protect small investors strike the wrong balance on key issues and threaten the growth of the practice.
Although Local Education Authorities (LEA) appear to be attempting to dissuade schools from converting to academy status, no less a body than the Confederation of British Industry (CBI) has thrown its weight into the debate, saying that returning to LEA control would be a retrograde step.
Last week saw the 10,000th new firm receive a start up loan from the Government-backed Start Up Loans company meaning that the initiative has now delivered a third of its target and has loaned £50m since its inception.
Education Minister Michael Gove has announced that the Department for Education (DfE) is to appoint a new group of power regulators, called chancellors, to govern the growing number of academies and free schools.
The Education Funding Agency has updated the ‘Academies’ Financial Handbook 2013’, which provides more information on leasehold, the supply of goods and services and a useful factsheet.
The government’s Seed Enterprise Investment Scheme (SEIS), which is aimed at encouraging investors to fund UK start-ups, has invested £82m in firms over the last 18 months.
A group of MPs on the House of Commons’ Education Committee have called for greater powers for Ofsted to inspect academy chains, as many schools are ‘operating in isolation’, they say.
A number of the UK’s leading early stage investors have come together to back a new online platform that could transform venture investing in the UK. Launching today (November 4), JustInvesting is the UK’s first private equity exchange focusing on early-stage ventures.
Earlier this week the Education Funding Agency (EFA) published an update on how pupil referral units (PRUs) can convert their status and become an alternative provision academy.