The European Commission is expected to approve a £250m Labour-backed scheme to encourage business start-ups in English regions which find it hard to attract private funding. The scheme involves using £50m of state funding over three years to attract £200m private venture capital. The scheme, which was halted by the Commission last year pending investigation, is now hoped to be operating by late autumn – more than two years after it was first suggested. Stephen Byers, outgoing head of the DTI, is credited with resolving the dispute with the EC’s competition commissioner Mario Monti.
DTI website is at: www.dti.gov.uk.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season