British SMEs own £770 billion in assets – equivalent to 48 per cent of the UK’s GDP – and are owed £291 billion in outstanding invoices that they could use to fund future growth, according to new research published today by Lloyds Bank Commercial Banking.
Although businesses are becoming more confident about investing in future growth, and although many are aware of invoice financing as a possible form of lending, very few businesses have used it to drive growth in the past 12 months.
Invoice finance can help businesses release cash quickly, giving them access to up to 90...
A leading remote aerial filming company has teamed up with local digital marketing agency MiHi Digital to launch their new website.
Flyonix, whose clients include the BBC, ITV, Avios and Stanley recently gained international attention and more than 150,000 YouTube views when they developed their own flying Tardis and took to the skies over rural Devon.
Ben Bailey, Director at Flyonix explained, “We’ve placed innovation and creativity at the heart of our company. With this we’ve been known to undertake a variety of more unusual projects. Whether it be flying washing machines...
In this In a nutshell video, Tim Wadsworth from Space discusses why you should plan your lease renewal early.
Tim explains what could happen if you leave it too late and gives tips on what you should do to renew your commercial property lease. “Ideally you should start making plans eighteen months before your lease expires.
Business tenants normally don't have the right to renew the tenancy of their business premises when it comes to an end. In this case your landlord can ask you to leave.
As part of their impressive expansion plans, Okehampton based accountancy firm, My Business Centre are thrilled to announce that they are now offering their unique services to clients in Exeter. The business, run by Fiona Rook, is currently looking for the perfect location in Exeter’s City Centre with high visibility and customer parking but in the meantime have meeting rooms available or are of course, very willing to meet you at your premises. The rapid growth and success in the Okehampton office has led the team to believe now is the right time to expand.
Exeter-based Crowdcube is celebrating its third year in businesses as the world’s largest Equity-based crowdfunder. Crowdfunding has come to prominence in recent years with online companies such as Kickstarter allowing users to donate funding for a wide variety of projects in exchange for rewards, based on the amount donated. Founded in 2011, Crowdcube became the world’s first equity-based crowdfunder, where the rewards for donations - generally additional or exclusive content- are instead replaced by shares of a company’s potential future profits. Since then the industry has flourished...
Youth charity The Prince’s Trust is urging more unemployed young people in the South West to embrace their inner entrepreneur and explore the option of self-employment thanks to financial backing from the European Regional Development Fund (ERDF).
The Prince’s Trust Enterprise Programme, which helps jobless young people to start up in business, has already created more than £3.1 million in social value for the South West alone, according to research published by the charity last year .
Supported with investment from ERDF, from now until June 2015, over 1,300 more young...
Is your fledgling food or drink brand the next big thing? The search is on for the region’s most promising start up
Four South West businesses have joined together to form The Seed Fund – a start-up business incubator designed to offer one young, regional food or drink brand the support needed to grow and build a future-proof brand. The 2014 Seed Fund launches this week and is calling for entries to find the next Pieminster, Weston’s Cider or Wyke Farms Cheese. Applicants should apply online at www.seedsw.co.uk before 14 March 2014.
Flybe is looking to raise up to £150 million though a share issue to invest in the group in a move announced today. The offer for 141,501,920 new ordinary shares, costing 110p per share is hoped to raise money for a new investment to improve the company’s customer services and infrastructure. The offer price is a discount on the closing mid-market share price on February 19 which stood at of 118.5p.per ordinary share. Flybe said that, funding raised by the share issue would be spent to improve the airline’s flexibility, strengthen its balance sheet and improve its product range and brand...
In this latest In a nutshell video local business expert Chris Wood at Q Social Media discusses how to utilise your Linkedin connections.
Chris gives great advice on how to make LinkedIn work for you. He also explains the importance of using your connections to help your develop new connections. “Advanced People Searches -- you can utilise existing connections to introduce you to shared connections - people you don't know but that your connections do. Helping you to develop new connections. This will give you new opportunities to: Drive sales leads Be seen as industry experts...
The DEFRA Minister George Eustace today (07/02/14) opened a new £1 million workspace hub at Home Farm, Bicton College, which only a year ago received £300,000 of Rural Growth Network capital funding.
The Parliamentary Under Secretary of State for farming, food and marine environment travelled to the county to offer his support for a range of local business initiatives. The visit draws attention to the work which is underway to support the rural economy and to help businesses highlight their needs and access help and advice.
The Farmhouse Business Centre project at Bicton...
