SME Business News

When the going gets tough, the tough get going.
With business confidence hitting a three year low it is surprising that a report by Tenon Forum finds that many small business owners are upbeat about their opportunities of exploiting the current situation by winning business from those companies being worst hit by the economic downturn.
Over half [...]

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The Home Office has announced that it is  ‘naming and shaming’ companies that flout the law by employing illegal immigrants, on it’s website from 19th June.
They have revealed that 35 companies have already been fined, mostly small fast food businesses, with fines ranging from £5,000 to £22,500.
The highest fines have been handed out to Besmullah Car [...]

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Funds of £115million, set aside by the government to help SMEs with staff training, has now been transferred to other budgets because of the lack of take up by small companies.
The money has been taken from the governments Train To Gain programme and switched to education and other training schemes, skills minister John Denham revealed.
“We [...]

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Credit management company Graydons UK, have warned that on the back of the credit crunch and economic slowdown, SMEs are facing a tough time with suppliers tightening their credit terms or requirements.
Businesses that have been trading for less than 20 months are currently the most likely to suffer, because they are considered to be most [...]

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If you have ever considered expanding your business abroad, setting up offices or trading in the global market place, then you may well consider a visit to the upcoming London Foreign Investors Expo, that takes place on June 24 and 25 at London’s Excel Centre.
The FDI Expo 2008 is aimed at companies who are planning [...]

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As part of his ongoing commitment to promoting entrepreneurship amongst young people, Dragons Den judge Peter Jones has contributed £100,000 to the governments ‘Make Your Mark With A Tenner’ initiative.
The contribution along with government funding will allow 50,000 students to run ‘real life businesses.’ As part of scheme the students are given £10 each on [...]

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Small businesses are getting the lions share of work from the London 2012 Olympics contracts, organisers have claimed.
Of 82% of businesses where employee numbers are known 71% are considered to be SMEs. Around 650 companies have benefited from the project so far worth a total of £2bn.  Almost half of the firms winning business are [...]

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