SEIS has seen a 73% increase in number of users

The Seed Enterprise Investment Scheme (SEIS) has seen a 73% increase in number of users over the past year. The scheme was introduced in 2012 to help SMEs raise money to finance their businesses, working along side the Enterprise Investment Scheme (EIS). Both of the schemes work by offering potential investors incentives to invest in…

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Insolvency trade body R3 calling for new reforms

R3 Association of Business Recovery Professionals are pushing the UK government to make changes to current insolvency schemes to benefit small businesses. R3 have found that 1 in 6 insolvencies are caused by the failure of another company, suggesting that small businesses could be failing due to their debtors not paying them what they are owed. The…

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Q3 report looks promising for small businesses

The Q3 report by the Federation of Small Businesses (FSB) shows that economic confidence in small businesses is at a record high. The document, published on 15th September 2014, was produced by Verve between 30th July and 13th August with 2,137 small businesses taking part. The report found that 61% of the small businesses surveyed expect growth over…

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An optimistic future for SMEs

The future looks bright for British SMEs, as a recent survey by Albion Ventures, revealed that two thirds of small and medium sized businesses are expecting growth over the next two years. 62% expect either a ‘dramatic’ or ‘moderate’ growth, up from last year’s 59% – demonstrating an infectious optimism among business-owners. And the good news…

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Prepare your small business for auto-enrolment

Come 2017, every UK business that employs staff will be required by law to offer and contribute to workplace pensions – including new and small businesses. This is big (and possibly daunting) news for many SMEs, especially considering the difficulties faced by many in the current economy. However the rule change follows numerous measures to…

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