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The news section on Small Business UK allows you to keep up to date with the latest news, economic trends and regulatory developments affecting new and established UK small businesses.

Croydon: The fast-growing hub for young companies

Croydon has the UK’s fastest-growing economy as it increasingly becomes a leading business hub for technology companies, research finds.

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Freelancers and micro-business owners go for self-funding

The majority of UK freelancers and micro-business owners are self-funding their start-up costs rather than relying on external financial support, research finds.

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Job market could be flooded with candidates in September

Despite July and August being quieter months for the job market, SMEs across the UK should be ready for a job hunter surge in September, data suggests.

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Business failure: Four in ten small companies don’t make it five years

Small business survival rates are as high as 91 per cent after one year of trading, but after five years just four in ten small businesses will still be trading, research finds.

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Brexit is an opportunity rather than a hindrance, finds SMEs

Leaders and decision makers at the UK’s SMEs are confident Brexit will cause no significant disruption to their businesses, research finds.

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Small businesses writing off mountains of debt

New analysis estimates that Britain’s SMEs wrote off a combined £5.8 billion in the last financial year.

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Businesses do not feel supported by their banks

More than a quarter of small businesses (26 per cent) do not feel supported by their banks, according to a survey of 500 small and medium-sized enterprises conducted by YouGov.

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Candidate shortages mean SMEs struggle to secure top talent

Some 67 per cent of small and medium-sized enterprises have struggled to secure the best people for their business, facing a shortage of suitable skilled and experienced professionals which can restrict their growth.

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Businesses do not feel supported by their banks

More than a quarter of small businesses (26 per cent) do not feel supported by their banks, according to a survey of 500 small and medium-sized enterprises conducted by YouGov.

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Candidate shortages mean SMEs struggle to secure top talent

Some 67 per cent of small and medium-sized enterprises have struggled to secure the best people for their business, facing a shortage of suitable skilled and experienced professionals which can restrict their growth.

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Freelancers taking more holidays than employed people

A third of self-employed people took two or more holidays outside the UK in the past year compared to just 29 per cent of those who are employed.

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Employers value apprenticeship experience over periods of study for new hires

Some 93 per cent of employers would opt to take on someone who has completed a three-year apprenticeship over somebody who has spent three years studying.

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Employers willing to pay more for good apprentices

A study has shown that 92 per cent of employers are willing to pay more than the typical apprenticeship wage, provided they’re matched with the right apprentices.

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Small businesses unimpressed by pledges from May

Theresa May's message to small businesses that cuts to EU funding after Brexit would be replaced and that the sector would be 'at the heart' of the government’s renegotiation strategy have not convinced the SME sector.

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