On 12th September 2024, research by Small Business Britain and Lloyds Bank revealed that despite many UK business owners needing help in key areas like marketing, finance, and productivity, 44% remain reluctant to access free business support services.
On 12th September 2024, the Department for Business and Trade and the Office of Trade Sanctions Implementation (OTSI) released guidance on the enforcement of trade sanctions. OTSI will begin enforcing sanctions under The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024, starting 10th October 2024.
On the 23rd of October, 2023, the UK Government paused funding for city and growth deals in Northern Ireland during a spending review, affecting £1.7 billion in deals for Belfast, Londonderry, Strabane, Causeway Coast, and Mid South West.
Mother Games, a New York-based studio, emerged from stealth on 12 September 2024, announcing it raised $5 million in pre-seed funding from BoxGroup, Shine, and Lerer Hippeau Ventures.
Amazon Web Services (AWS) will invest £8 billion in the UK between 2024-2028 to build and operate data centres, contributing £14 billion to the UK’s GDP.
On Monday, September 9, 2024, the UK, US, and Australia signed a Memorandum of Understanding (MoU) to boost strategic cooperation and resilience in critical supply chains.
Toronto-based generative AI startup Viggle AI has raised nearly $26M CAD ($19M USD) in Series A funding to accelerate the growth of its video creation platform.
The Gibraltar Federation of Small Businesses (GFSB) has formed a strategic partnership with the UK Institute of Directors (IoD) to enhance local business leadership development. This collaboration will bring IoD’s highly-regarded Director development programmes to Gibraltar, offering training akin to a ‘mini MBA.’ The flagship IoD Certificate in Company Direction will launch in October 2024.
The UK Intellectual Property Office (IPO) has launched “IP Advance,” a pilot scheme providing targeted financial support to innovative SMEs. This scheme replaces the previous IP Audit and IP Access programs, helping businesses leverage their IP assets.
The Black Business Network (BBN) and Lloyds Bank have launched the Black Entrepreneurial Ecosystem Network (BEECON), a free online platform to support Black entrepreneurs in the UK. BEECON is a response to the “Black. British. In Business and Proud” report, which called for a UK-wide Black business ecosystem with tailored support.
