Startacus Monthly Financial News Round-up - September 2014
by Startacus Admin
Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting.
Scotland decided to stay in the UK and the media moved their clairvoyance elsewhere. Meanwhile, September saw more growth for small and micro-businesses, who, it is predicted, will change the face of British enterprise. Ed Miliband also showed his support for the self-employed ‘army’, highlighting the need for better government backing and growth schemes.
60% of small businesses expect growth 
60% of small firms in the UK expect to grow over the next 12 months, with all sectors reporting a positive outlook for the seventh quarter in a row, according to a survey by the Federation of Small Business (FSB).
The report coincides with the latest growth figures from the Office for National Statistics, which show the economy grew 3.2% in Q2 this year. This continued growth has prompted a stronger confidence in small businesses, who, it is believed, will continue to “spearhead the UK’s recovery.”
Crowdfunding grows in popularity
A third of small businesses say that crowdfunding will be their most preferable funding option in the next year, according to survey by law firm, Irwin Mitchell.
They report showed alternative business funding is growing in popularity and acceptance, with 77% of businesses saying they would consider crowdfunding as an option. 73% are for P2P lending and 69% for angel investment.
Miliband gets behind self-employed ‘army’
Ed Miliband pledged to support the UK’s self-employed at the Manchester Labour conference towards the end of the month. He said:
“To the growing army of our self-employed, five million working people so often the most entrepreneurial, go-getting people in our country, they don’t want special treatment, but they do deserve a fair shot.
“Two thirds have no pension. Because of the jobs they do, one in five is stopped from getting a mortgage. It is time to end this modern, 21st century discrimination. The next Labour government will ensure there are equal rights for the self-employed.” 
Average Brit happy with wages but not happy with their jobs
British people are happy with their financial situation but unfulfilled in their jobs, a new global survey looking into people’s lives has shown.
51% said they were not “thriving” when it came to the purpose of their work, whereas 46% said their financial situation was “thriving”.
Dan Witters, who was a research director of the project suggesting the UK’s economic recovery may be to blame. He said: “As the country’s employment situation improved, it’s possible that many job seekers took the first available position they could get, without regard for whether the job was a good fit for their talents or long-term goals.”
Micro-businesses geared to change the face of British enterprise
The swelling number of micro-businesses in the UK looks set to change the way Britain does business, as more and more entrepreneurs strive to make money from their hobby, says new research from the Royal Society of Arts (RSA).
The number of people who are part-time self-employed increased by 10% since the beginning of 2014 and by 31% since 2000, signalling a rise in a new way of working.
If you're interested in finance news, why not check out 'Crunch Accounting' or some of our other financial roundups!
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Innovate UK KTN’s Sustainable Impact Investment Programme chooses 13 sustainable UK startups striving to change the world
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Etihad Airways partners with Aerospace Xelerated and Tawazun Economic Council to seek applications from innovative startups that are working in the digital services and solutions area.
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New cross-border collaboration project featuring interactive portal and series of networking events to be delivered by TechIreland and Startacus, with support from InterTradeIreland’s Synergy initiative.
In London later this week and interested in learning how AI can help startups scale? Book your ticket now for this free event from Women in AI featuring a panel of industry experts discussing just that.
The latest Funding Review from TechIreland reveals that Irish Startups raised €746M in the first-half 2022 but early-stage rounds have dropped to a five-year low.
London-based SaaS startup Evorra has created a data marketplace enabling brands and agencies to build and scale their marketing audiences.
Artist John Kerr set to exhibit a series of personal paintings at The Spot, the urban-art focused gallery in Derry as part of Culture Night 2022.
The lowdown on customer behaviour analysis - what it's all about, the kinds of things that can have an impact on it and how to get it right.
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The innovative businesses participating in this year’s AI Accelerator, delivered by The University of Edinburgh’s Innovation Hub for Data Science and Artificial Intelligence, the Bayes Centre are revealed.
Edinburgh-based startup SmpliCare innovating how we care and age by exploring the use of AI-driven wearables to predict the risk of falls and other age-related health issues
Published on: 29th September 2014
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- Innovate UK KTN launches its 2022 sustainable impact accelerator programme 28th Sep 2022 Innovate UK KTN’s Sustainable Impact Investment Programme chooses 13 sustainable UK startups striving to change the world
- Etihad Airways Joins Aerospace Xelerated as a Partner for its Fourth Cohort 27th Sep 2022 Etihad Airways partners with Aerospace Xelerated and Tawazun Economic Council to seek applications from innovative startups that are working in the digital services and solutions area.
- TechIreland & Startacus promote cross-border business collaboration with InterTradeIreland support 26th Sep 2022 New cross-border collaboration project featuring interactive portal and series of networking events to be delivered by TechIreland and Startacus, with support from InterTradeIreland’s Synergy initiative.
- TechIreland publish their mid-year report on Irish startup and tech funding. 22nd Sep 2022 The latest Funding Review from TechIreland reveals that Irish Startups raised €746M in the first-half 2022 but early-stage rounds have dropped to a five-year low.
