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Enterprise Bill moves to second reading

The Enterprise Bill has been drafted for a second reading.

The government aims to provide businesses with an environment for growth and job creation.

Deregulation and trading

The bill will extended the deregulation target for businesses to include statutory regulators. 

The primary authority scheme has also been extended to give more businesses access to...

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London Help to Buy scheme launches

The new Help to Buy scheme for London has launched, allowing residents to buy a new home with a 5% deposit and a mortgage as low as 55%.

First-time buyers in the capital can purchase a new home with a deposit backed by a 40% interest equity loan for the first 5 years.

The new scheme is an extension of the current Help to Buy scheme launched in 2013.

Under the current...

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‘Skill-shortage vacancies’ a challenge for businesses

The challenge that many businesses are facing in trying to get the right people for their workforce has been detailed in a UKCES Employer Skills Survey.

Of the 91,200 employers surveyed, 19% had a least one vacancy, up from 15% in 2013.

“Skill-shortage vacancies” (vacancies that are hard to fill due to a lack of skilled applicants) present a growing challenge for business owners...

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Buyout activity for SMEs at 5 year high

Investment for SMEs is at its highest level for 5 years, according to research from Lyceum Capital and Cass Business School.

Based on private equity investments in 2015 with an enterprise value between £10 million and £100 million, the analysis shows that volume transactions increased by 12% last year, with 87 investments totalling £3.43bn.

Total deal volumes remained between 30...

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Insolvencies continued to fall in 2015

The number of people being declared insolvent was at its lowest level for a decade, according to the Insolvency Service show.

A total of 79,965 individual insolvencies were reported in 2015, a 19% decrease compared to 2014 and the lowest since 2005.

3,495 companies entered insolvency in the last quarter of 2015, 2.7% less than Q3 2015 and over 10% less than Q4 2014.

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