Introduction According to a 2024 survey by the British Business Bank, 70% of UK businesses stated that they have experienced cash flow problems and in many cases poor working capital management has been cited as a significant contribution to this. There are also other factors that affect why businesses have poor working capital, including the … Read more
Introduction According to a 2024 survey carried out by Manx Financial Group, 31% of UK SMEs questioned have had to stop or pause key business growth activities such as hiring new staff over the last few years due to a lack of finance. It is also the case that around 10% of SMEs who attempted … Read more
Introduction According to the latest Office for National Statistics Survey on Business Insights and Conditions for October 2024 it has been revealed that 22% of businesses who responded expected their business performance to increase over the next 12 months. This is a relatively modest figure compared with the 43% of respondents who expect business activity … Read more
Introduction According to a recent survey by PwC, over 77% of businesses from a broad range of industry sectors stated that they had to raise the price of their products and services over the past 2 years due to continued escalation of commercial energy costs in the UK. 81% of respondents also stated that they … Read more
Introduction According to a recent survey by R3, the trade body that specialises in insolvency and business restructuring, in September 2024 most regions across the UK saw an uplift in business start-up activity. All but 2 regions saw an increase in the number of new business ventures forming month-on-month, with Northern Ireland (14.2% increase), West … Read more
Introduction Most people are aware that a large proportion of support to businesses in the UK comes in the form of direct financial aid, such as grants and loans. However, there is also on offer non-financial support where the UK Government, local authorities and other organisations fund business support packages and vouchers to access specific … Read more
What Is Digital Transformation? Digital transformation is when businesses take advantage of new digital technology and innovation in order to improve efficiency or gain a competitive advantage. It is becoming increasingly important for small businesses in the UK to modernise their operations by improving their technical infrastructure and taking older tried and tested methods and … Read more
What Is Starting a Business Funding? Starting a business grants can help individuals who want to start up a new business venture locally or nationally and get assistance with all the required areas to be successful moving forward. Funding types for starting a business purposes can include market research, creating a business plan, hiring staff … Read more
What Is Business Growth Funding? Business growth grants can help businesses who want to carry out activities that help them expand either locally or in the domestic market and meet different expansion goals defined either as long or short term in a business plan. Funding types for growth purposes can include developing new products and … Read more
What Is Overseas Market Development Funding? Overseas market development grants can help businesses who want to broaden their horizons and expand into potential foreign countries with activities including trade visits, access to export finance and translation services. An overseas market development funding injection can help businesses look into exporting their products and services into new … Read more
