Sir Richard Branson is in advanced talks about a multibillion dollar merger to take Virgin Orbit, his satellite launch company, on to the US public markets.
Source: Sky Business News

Leeds Bradford, Edinburgh, Exeter, Manchester, East Midlands and Birmingham flights are affected by Stobart Air’s liquidation.
Source: BBC

As world leaders gather there for the G7 meeting, one of the UK’s poorest regions is at a crossroads.
Source: BBC

A combination of Covid, Brexit and the Suez Canal delays threaten to disrupt supplies this summer.
Source: BBC

The chain is the latest to be targeted by cyber criminals after attacks on Colonial Pipeline and JBS.
Source: BBC

This brief explains VAT liability of daycare services supplied by private bodies in England and Wales.
Source: HMRC

Originally written by Anna Jordan on Small Business

Almost half (49 per cent) of new business owners since July 2020 are between the age of 25 and 40.

More than 227,000 businesses were set up by millennials in the past 11 months by 14.2m (1.6 per cent) of people in that age range.

Meanwhile, Generation X (aged between 41 and 56) set up a third of new businesses. Baby boomers – currently aged between 57 and 75 – set up 9.6 per cent of businesses and Generation Z, 16-24-year-olds, launched 7.8 per cent of new companies.

Figures come from a study conducted by cloud accounting company Ember, analysing 400,000 records from Companies House.

Ilford is the most entrepreneurial area in the UK, followed by Manchester and Dagenham. Romford is in fourth, Hayes is fifth and Southall six. This means that five of the six most entrepreneurial places in the UK are London boroughs. However, the capital is 25 on the list for ratio of new businesses to population.

>See also: 5 of the coolest co-working spaces in Manchester

The most popular type of new business is eCommerce. More than 26,000 new companies registered as ‘retail sale via mail order houses or via Internet’. The second most popular type of new business is defined as ‘management consultancy activities other than financial management’, which saw more than 14,000 new providers.

In third place was ‘Other service activities n.e.c.’, which can include a vast range of businesses – from pet sitting services and pavement artist, to tattooist and genealogist.

David is the most common name of new male entrepreneurs while Sarah is the most common name of new female entrepreneurs.

Commenting on the study, Ember co-founder Daniel Hogan said: “It’s fascinating to see the trends and themes that emerge when we look at the UK’s newest entrepreneurs. The country has had to adapt to massive changes over the past year, so despite the uncertainty it’s inspiring to see so many people taking the initiative to set up their own business.”

Read more

Five successful business ideas for 2021

Half of the UK’s newest business owners are millennials

Source: SmallBusinessUK

Originally written by Anna Jordan on Small Business

Almost half (49 per cent) of new business owners since July 2020 are between the age of 25 and 40.

More than 227,000 businesses were set up by millennials in the past 11 months by 14.2m (1.6 per cent) of people in that age range.

Meanwhile, Generation X (aged between 41 and 56) set up a third of new businesses. Baby boomers – currently aged between 57 and 75 – set up 9.6 per cent of businesses and Generation Z, 16-24-year-olds, launched 7.8 per cent of new companies.

Figures come from a study conducted by cloud accounting company Ember, analysing 400,000 records from Companies House.

Ilford is the most entrepreneurial area in the UK, followed by Manchester and Dagenham. Romford is in fourth, Hayes is fifth and Southall six. This means that five of the six most entrepreneurial places in the UK are London boroughs. However, the capital is 25 on the list for ratio of new businesses to population.

>See also: 5 of the coolest co-working spaces in Manchester

The most popular type of new business is eCommerce. More than 26,000 new companies registered as ‘retail sale via mail order houses or via Internet’. The second most popular type of new business is defined as ‘management consultancy activities other than financial management’, which saw more than 14,000 new providers.

In third place was ‘Other service activities n.e.c.’, which can include a vast range of businesses – from pet sitting services and pavement artist, to tattooist and genealogist.

David is the most common name of new male entrepreneurs while Sarah is the most common name of new female entrepreneurs.

Commenting on the study, Ember co-founder Daniel Hogan said: “It’s fascinating to see the trends and themes that emerge when we look at the UK’s newest entrepreneurs. The country has had to adapt to massive changes over the past year, so despite the uncertainty it’s inspiring to see so many people taking the initiative to set up their own business.”

Read more

Five successful business ideas for 2021

Half of the UK’s newest business owners are millennials

Source: SmallBusinessUK

The government should revoke a series of steel quotas on cheap imports despite warnings it will damage domestic producers, trade advisers have recommended.
Source: Sky Business News

The public will be able to invest in a portfolio of space firms including SpaceX and Blue Origin.
Source: BBC