PopUp Britain, the retail arm of national enterprise campaign StartUp Britain, warns councils need to act now to create quotas to nurture the British high street entrepreneurs of the future.
Figures released today, uncovered that lower-end retailers like payday lenders, cash converters and pound shops are the only high street sector in growth, while major chain store retailers saw a ten-fold increase in closure, with the potential to hit 28 a day this year.
Access to finance for growing companies
Last year the Chancellor re-confirmed his long-standing support for the creation of a dedicated British Business Bank. However businesses want reassurance that the Bank will live up to its billing as a major new player in British business growth, and they want a firm timetable in place for the Bank’s creation.
Jimmy Wales, the founder of Wikipedia, Martha Lane Fox CBE, founder of lastminute.com and Lord Young, the Prime Minister’s Enterprise Adviser, will be joined on the festival’s main day by some of the country’s leading entrepreneurs and thinkers.
Gathering more than 1,000 business leaders in Liverpool, Accelerate 2013 will provide a unique accelerator for growth, motivating high potential businesses to become world-beating organisations that will lead the economic fight-back in Britain.
The rallying cry comes from Midlands-based language expert Comtec Translations off the back of recent figures released by the British Chamber of Commerce that state only five per cent of businesses in the UK speak enough French to do business in the country while 58% of companies are not confident they have a good enough product or service to market overseas. Comtec’s message is clear – take advantage of the extensive network of support available to successfully take your business overseas.
When a business changes owner, its employees may be protected under the Transfer of Undertakings (Protection of Employment) Regulations (TUPE). TUPE protections make sure that employees don’t unfairly lose out when a transfer takes place, and set out the rules that the old and new businesses have to follow.
In a response to a consultation on TUPE regulations earlier this year, the government is announcing that the laws will be improved to make sure both employers and staff are treated fairly when a transfer takes place.
After rejecting the proposals twice, the House of Lords yesterday voted in favour of plans which will see workers give away employment rights in exchange for receiving shares worth between £2,000 and £50,000 in their company.
Stress had a noticeable impact on businesses in 2012, with decision-makers from British SMEs indicating that the negative effect of stress levels, low morale and staff absence could be set to continue unless the economic environment improves. 29 per cent of SMEs polled state that these issues are having a negative impact on overall business performance.
According to a fifth of SMEs surveyed, workforce absence levels have risen over the past two years, with 12 per cent reporting more short-term stress-related absences of less than four weeks in the last year.
What I did witness, however, at Bloomberg’s offices at 8am was an honest assessment of the current state of the EU as being in crisis and its need to change if it is to survive.
I, along with some of the country’s leading business people and top political journalists, also saw David Cameron emphatically stating his desire to grab history, and his political career, by the scruff of the neck.