In news this week, small businesses get behind next week’s celebration of trainee workers in National Apprenticeship Week.
There is also concern amongst employees that their companies are not sufficiently up to date on technological trends, which could drastically harm their chances of keeping up with the competition, and more and more British entrepreneurs are turning their hobbies into businesses.
Feature of the Week
SMEs support National Apprenticeship Week | SME Insider
Next week will be the ninth annual National Apprenticeship Week, with hundreds of events expected to take place across England.
Apprenticeships are an essential component of the British economy, and are an excellent way of enabling people to gain the skills they need in order to succeed.
Audit office casts doubts over UK government spending claims | The Register
The UK’s governments claims that they’ve increased cash flow to SMEs look dubious as the office stated it ‘cannot be certain’ that spending was increased at all over that period.
The latest spend figure on SMEs across government is 27 per cent of total procurement spending, with £4.9bn of that going directly to SMEs in 2014-15. Although this is impossible to verify due to changes in approach.
90% of employees fear their companies lack tech skills | Smallbusiness.co.uk
An overwhelming portion of employees have concerns that the competitiveness of their company is compromised because of a lack of digital skills.
Studies have shown that advancements in technology will seriously affect UK business over the next 5 years as SMEs struggle to keep up.
Britons are turning their hobbies into businesses | Smallbusiness.co.uk
Around 37% of entrepreneurs in the UK have succeeded in turning their passions into businesses, with 90% feeling confident for the future.
Many small business owners agree that the UK is a good place for a start-up, despite concerns over the Asian market, a new global recession and a potential Brexit.
An increased number of women are embracing freelancing | Smallbusiness.co.uk
Research has shown that the number of women starting their own business has grown by two fifths since 2010, 10% more than their male counterparts. This figure is expected to increase.
Over half of these freelancers reported feeling considerably less stressed since leaving their 9 to 5s.