Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United Kingdom and Ireland:
- British Support SImplification Program Is A Mess: Government plans to simplify it’s business support system in the UK by reducing the number of separate schemes that are currently in operation from 3000 to ‘less than 100′, is on course for introduction in October.
- UK SME Wins Dell European Award: The European sector of the Dell Small Business Excellence Award has been won by a UK business that specialises in the design and creation of environmentally friendly and sustainable gardens
- Barclays Predict A Brighter Future For SMEs: In the midst of the doom and gloom of recession it is refreshing to hear that Barclays Bank are predicting a brighter short term future for SMEs in the UK.
- Parcel2Go to deliver profits of £1m-plus: A FAMILY-RUN parcel delivery business looks set to wrap up record annual profits of at least £1m as the number of people making a living through internet trading soars.
- Decline in new startups expected to be over by year end: The decline in startup business numbers is expected to ease by the end of 2008, according to Barclays estimates. The bank’s figures expect 380,000 new businesses to start up this year, compared to 430,000 in 2007.
- Desperate companies turn to ‘usurious’ hedge funds: Smaller companies on the junior Alternative Investment Market (AIM) are being forced to borrow cash from hedge funds at “usury rates” in order to survive, Square Mile insiders have warned.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.