The Angel CoFund has today announced the completion of its first five investments, with a total of £7.2 million committed to SMEs. Business and Enterprise Minister Mark Prisk joined some of the first businesses to receive funding, following the end of a strong first quarter for the Angel CoFund, which was launched in November 2011.
Land Registry today, 4 May 2012, launched a consultation on proposals to change Land Charges legislation that will enable it to provide a wider range of services online, and close down its telephone ordering service for business customers (Telephone Services), which can be used for both Land Charges and Land Registry applications.
If you live in an area with a thriving business community looking to grow and become a real force both here and abroad, then you could be living in the most enterprising place in the UK.
Communities are being encouraged to come forward and take part in a nationwide competition that will see a town, city or area crowned as the country’s most enterprising place.
The winner will be the location that can show itself as a hotspot of innovation and somewhere that is boosting local business and nurturing budding entrepreneurial talent.
A range of ways to help students gain vital international experience from overseas study and work placements was set out today in a report commissioned by Universities and Science Minister David Willetts.
The report by Professor Colin Riordan, Chair of the UK HE International Unit, looks at the incentives and obstacles to students studying and working abroad. It makes recommendations to ensure the numbers of students choosing to go abroad increases in the future.
The report’s main recommendations are:
The first review theme for the Government’s Focus on Enforcement campaign is now up and running. For the next five weeks, the Government will be focusing on enforcement that affects small businesses in food manufacturing; and inviting companies to feed back their experiences of working with national regulators and local authorities.
Business and Enterprise Minister Mark Prisk said:
The Bill to suspend Sunday Trading Laws during the Olympic and Paralympic Games received Royal Assent today after it passed the remaining stages in the House of Commons last night.
The Bill, which was announced in the Budget 2012, will mean that shops with a relevant floor area of more than 280 square metres will not be subject to current Sunday trading restrictions during the Olympic and Paralympic Games.
The next stage of the Government’s new £10 million ‘Start-up Loans’ for young people pilot scheme has been announced today by Business and Enterprise Minister Mark Prisk.
The initiative aims to provide budding entrepreneurs with support and a small amount of capital to help them get started as well as access to training and business mentors.
The Government is now inviting organisations and consortiums who can offer the right level of support to deliver the programme to bring forward their proposals.
Changes announced today to the allocation of university places increase the focus on putting students at the heart of system.
• Uncapped recruitment for high achieving students will be further eased in 2013/14. The A-level threshold will lower from AAB+ to ABB+.
• A further 5,000 places will be allocated through a competitive core and margin to universities and colleges offering good quality and value for money.
Government ministers meet local enterprise partnership (LEP) leaders today to discuss their plans to drive growth across the country.
Business Secretary Vince Cable, Transport Secretary Justine Greening, Secretary of State for Communities and Local Government Eric Pickles and Business and Enterprise Minister Mark Prisk are all taking part in the annual conference which brings together leaders from across the LEP network.
Issued by the News Distribution Service on behalf of the Financial Reporting Advisory Board (FARB)
The Financial Reporting Advisory Board (FRAB) today published its 15th annual report. The report highlights actions taken by the FRAB in response to recommendations made within a review report following a formal and independent review of its operations. The changes put in place by the FRAB improve its structure, membership and operational arrangements, to ensure that it remains fit for purpose in its role as an independent advisory body.
The Government’s long term plan to reform the way the public sector does business ramped up today as new and updated data on £70 billion of potential future government contracts was published by Cabinet ministers Francis Maude and Vince Cable.
A new online toolkit has been launched today by Employment Relations Minister Norman Lamb, which provides first-time employers with a step-by-step guide through their obligations when taking on a member of staff.
Business Secretary Vince Cable today announced a landmark investment in green infrastructure by the Government.
A total of £80 million has been committed to two specialist fund managers - who will make and manage investments in the small scale waste infrastructure sector - by a specialist team within the Department for Business, Innovation and Skills (BIS).
All BIS investments made by the fund managers will be match-funded, leveraging in at least £80 million more to the projects.
Businesses and consumers will find it easier to challenge firms they believe are acting anti-competitively, under proposals launched today by the Department for Business, Innovation and Skills.
The proposals for facilitating ‘private actions’ have two key aims:
· To increase growth, by empowering small businesses to tackle anti-competitive behaviour that is stifling their business.
· To promote fairness, by enabling consumers and businesses to obtain redress for losses they have suffered due to anti-competitive behaviour.
With Government f igures showing that by 2030 road use will have grown by 25-30 per cent, there is a pressing need to tackle congestion, pollution and road safety..
A summit today on ‘intelligent mobility’ hosted by the joint government/industry Automotive Council will put these problems and the business opportunities at the top of the agenda.
The UK has a good track record in the development of new technologies and world-class specialist businesses and the summit will focus on how to exploit this talent.
Small and large companies from across the UK are today (21 April 2012) celebrating being named as winners of The Queen’s Awards for Enterprise - the UK’s highest accolade for business success.
A total of 209 Queen’s Awards have been announced this year for business achievement. Overall, 151 companies have won Awards for International Trade, 50 for Innovation and eight for Sustainable Development. The standard of entries in this, the Queen’s Jubilee year, has been the highest ever, with nearly 25 per cent of entrants gaining an Award.
The Main Supply Estimates for central government departments, presented to the House of Commons today, seek Parliamentary authority for expenditure in 2012-13.
Estimates seek Parliamentary authority for the voted element of spending plans set out in Spending Review 2010 and updated in Budget 2012.
The Government has today launched a new Enterprise Capital Fund that will invest at least £40m in high-growth potential small and medium sized enterprises (SMEs) in the UK.
The Government will launch its first marine industries showcase at the Department for Business, Innovation and Skills (BIS) today to highlight the industry’s multi-billion pound contribution to the UK economy.
Held in association with the UK Marine Industries Alliance, ‘Marine Manufacturing - Global excellence and innovation’ celebrates the role of the industry to UK manufacturing across five key themes including leisure, naval, marine energy, commercial and marine science.
A partnership agreement signed during the Prime Minister’s visit to Malaysia cements the education relationship enjoyed by both nations.
The signing ceremony for the UK-Malaysia Partners in Education agreement coincided with the announcements that:
· The Chevening Scholarships programme, which supports Malaysian students to study at UK universities, will double to 28 places, supported by BAE Systems.
More than 300,000 school children will learn to cycle safely, competently and confidently on the road over the next year, thanks to nearly £11m worth of government funding allocated today, Norman Baker has announced.
Funding has been allocated to local highway authorities and schools across the country for the national Bikeability scheme which provides cycling proficiency for the 21st century.
Real Time Information (RTI) moved a step closer today when the pilot was launched, with the first of 10 volunteer employers submitting their RTI return.
RTI will make it easier for employers, pension providers and HM Revenue & Customs (HMRC) to administer PAYE. Under RTI, employers and pension providers will tell HMRC about PAYE payments at the time they are made – as opposed to only at the end of the year.
Most employers will join RTI from April 2013 and all employers will be using the RTI service by October 2013.
Minister for Universities and Science David Willetts will today sign an agreement with the Japanese Economy Minister Motohisa Furukawa for greater collaboration on space research and technology, alongside identifying potential commercial opportunities.
BRDO (Better Regulation Delivery Office) is publishing a discussion paper today, Regulation and Growth, which considers whether effective regulatory delivery can benefit businesses and contribute towards UK economic growth.