It’s hard to believe that we’re nearing the end of the second month of 2014. However, following the last two weeks of travel chaos and flooding, it’s good to report that this week has had a much more upbeat feeling to it…
Joley Kirby, SME Procurement Manager, Fujitsu UK & Ireland, @FujitsuSMELady, shares the stories of the week below.
- Still struggling with your business plan? You may want to check out The Guardian’s Efficiency hub this week. Author, Alison White, has posted a top tips article on how to write a business plan. This is based on a recent live Q&A the news outlet recently hosted, which was run by experts from across the industry.
- In positive funding news, it is reported that one in four (26%) people in the UK (or up to 12 million) would consider loaning money to UK SMEs by joining a peer-to-peer lending scheme (P2P) in 2014 when the sector will be fully regulated by the Financial Conduct Authority (FCA). This is according to a new study by rebuildingsociety, a peer-to-business lending website that connects SME borrowers with lenders looking for better returns than those offered by savings accounts.
- The British Private Equity and Venture Capital Association (BVCA) spoke to The Daily Telegraph this week. During the conversation the BVCA highlighted that companies that back small and medium-sized businesses should be offered tax breaks to encourage more investors to provide the “missing piece” of funding to SMEs. Should tax breaks come to pass it would undoubtedly have a positive effect on the UK SME market as many organisations in this category still struggle to secure the funding they need to expand. According to the BVCA, 90% of businesses that private equity and venture capital invest in are SMEs.
- Business Matter magazine also shared an article today around how to get smaller, more inventive businesses off the ground in 2014. This article is definitely worth a read, especially as it shares some great information on the Patent Box tax incentive.
Are you still struggling to get finance? Would you welcome tax breaks for venture capital funders? How is your business plan shaping up? And have you investigated the benefits of the Patent Box tax incentive yourself? Let us know by commenting below, or engaging with us @Fujitsu_UK
Image credit Plantoo47