5 min read
Whether you’re just starting out, or growing your business, we believe the UK government is a global leader in the services it offers to help digital businesses grow faster and more efficiently.
The UK will leave the EU on or before 31st October 2019. If there is no deal in place, this could impact your business in a number of way. Prepare for all eventualities with these Brexit-readiness guides.
- Data protection and Brexit – Six Steps to help you understand the implications and prepare, from the Information Commissioner’s Office
- Find out what you need to consider, with the Brexit business quiz
- How to Brexit-proof your business data webinar
- No deal scenario immigration Policy Paper
- Getting no-deal business ready – HMRC video advice
- BEIS advice for professional and business services, and science, research and innovation.
- British Patient Capital commitment
- Visa options as we stand
- EU Settlement Scheme employer toolkit
Start your business
Transforming an idea into a reality can seem overwhelming. Knowing where to start is one key to success. A range of government support, initiatives and experts aim to guide you through the process.
- Starting a business – the first steps to get you going
- Plan ahead – help whilst you are planning your idea
- Great Business – this site collates a range of useful Government resources for SMEs
- Running a business – resources and documentation you will need to run your business smoothly
- Getting advice – talking to someone who has “been there, done that” can always help
Grow and expand
Growing and expanding your business is the next natural step. Here are some handy links to government services aimed at helping you scale up your business once you’ve started.
- Growing a business – an overall step by step guide on how to start growing your business
- Department for International Trade – the first port of call for all UK companies who want to expand overseas
- British Chambers of Commerce – provides you with extensive advice and publications about export services, documentation, training and trade missions
- The G Cloud – introduced to drive government procurement, is one of the world’s most innovative tender systems in the world
Upskilling you and your team will help you stay ahead of the curve in the long run. Take a look at these initiatives to help you build your dream team.
And don’t forget to check out our Digital Business Academy!
- Apprenticeships – more and more companies are hiring apprentices, to enhance their workforce and provide people with the chance to get upskilled
- Small Business Recruitment Service – provides you with support and advice about hiring schemes including wage incentives, youth contracts and the Work Choice programme
- ACAS – stay up to date with the latest employment laws and regulations
Having a clear grasp of finance is one of the cornerstones of a successful business. These resources will help you understand the range of financial support available to you.
- Business finance guide – what kind of finance is available to fund your business?
- British Business Bank
- Public sector financial support – a handy reference tool to identify government-backed support options
- Private sector finance – set up by a coalition of the largest UK financial institutions, this site takes you through private funding possibilities
- Directory of financial support – learn about the different types of Financial Support offered by the government
- ICAEW, ACCA and ICAS the Business Finance Advice Scheme is run by the three participating accountancy bodies. Find an expert finance adviser in your local area
The government provides tax aid through a range of investment and support schemes which could help your business.
- Business Growth Fund offers long term capital for fast-growing companies
- Enterprise Finance Guarantee (EFG) The government provides a guarantee of 75% of individual outstanding loan amounts on loans of up to £1m
- The rate of R&D tax credit for companies with fewer than 500 employees is now 230%
- The Patent Box Scheme which lowers Corporation Tax to 10% on profits from the development and exploitation of patents and certain other intellectual property in the UK has been introduced
- The Seed Enterprise Investment Scheme (SEIS) provides 50% income tax relief for UK taxpayers investing in qualifying startups for the first £100,000 seed investment
- The Enterprise Investment Scheme (EIS) offers 30% income tax relief for private investors – bringing the scheme in line with the relief available in contributions into venture capital trusts
Moving from overseas
If you’re looking to expand your business from overseas, the UK is the ideal place.
- The UK has one of the lowest corporation tax rates in the G20
- You can register a company within 48 hours
- 4 of the world’s top 10 universities are based in the UK
- The labour force is the second largest in the Europe
- The UK government offers support to startups and entrepreneurs
- UK visa options
- Come for 5 years with no visa sponsorship requirement with the Tech Nation Exceptional Talent Visa
According to figures from 2015/16, central government spent £5.6 billion directly with small businesses. When sub-contracts to small businesses from larger suppliers was taken into account, total spend rose to £12.2 billion.
Each year, the UK public sector spends over £200 billion on goods and services from third parties. Government has set a challenging aspiration that 33% of procurement spend should be with small businesses by 2022.