Government Initiatives

Businesses ignoring Prompt Payment Code to be named

Big businesses that do not sign up to the Government's Prompt Payment Code (PPC) will be publicly 'named and shamed', business minister Michael Fallon has warned.

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Business record checks re-launched for SMEs

Fewer SMEs may be subject to spot checks on their business records under a new approach to HMRC's business record checks (BRC) programme.

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Northern Ireland launches scheme to tackle unemployment

Businesses in Northern Ireland are being encouraged to take part in a new Government funded scheme by offering work experience or full-time positions to young people currently out of work.

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Business bank: Further details unveiled

Business secretary Vince Cable has unveiled further plans for a £1 billion Government-backed business bank to help small and medium sized businesses access finance.

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Regional Growth Fund too costly and complicated for businesses

The Government's £2.4 billion Regional Growth Fund (RGF) has been criticised for poor management and being 'too costly' for businesses applying for funding.

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New Universal Credit regulations could hamper self-employed

The self-employed could face difficulties accessing state benefits from next year if draft regulations regarding the new Universal Credit system go ahead, tax advisers have warned.

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Disused Government properties available for start-ups

Start-ups and small businesses will be able to take advantage of 20 disused Government properties at low rental costs, the Department for Business, Innovation and Skills (BIS) has announced.

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Committee report sceptical of length of apprenticeships

MPs have criticised the length of apprenticeship programmes after a report found a fifth of apprenticeships lasted for six months or less.

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SMEs 'losing battle' for public sector work, says business group

Small and medium sized businesses (SMEs) are continuing to lose out on public sector contracts, despite recent Government initiatives, says the Federation of Small Businesses (FSB).

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Businesses still struggling with late payment culture

Companies struggling with the effects of late payment are failing to take advantage formal procedures and are putting their business at risk, a new business report has warned.

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