Three quarters of SMEs struggle to innovate due to outdated technology

More than three quarters of SMEs with restrictive budgets are struggling to compete with bigger organisations due to the lack of access to innovative technology, impacting their ability to grow and enlist talent, according to new research. The survey found some 84 per cent of small businesses say they are unable to keep up with the bigger budgets of larger organisations…

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Government spent over £30,000 promoting flop Pick For Britain scheme that failed to recruit British volunteers to save country’s crops

The Government spent more than £30,000 promoting the failed Pick For Britain scheme as farmers could not recruit the 60,000 British volunteers needed to save UK crops when the coronavirus pandemic stopped seasonal foreign workers from entering the last year. Yet £29,830 was spent between April 2020 and April 2021 on the failed scheme, the Department for Environment, Food and…

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British brand Zumo joins world-wide pledge to de-carbonise the crypto industry

Another giant move for crypto currencies as Scottish crypto currency wallet Zumo announced as signatory to the global crypto climate accord. In cooperation with fintech and crypto industry leaders, Energy Web Foundation, the Alliance for Innovative Regulation and RMI created the Crypto Climate Accord. The Accord, inspired by the Paris Climate Agreement, is a private sector-led initiative for the entire…

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Regus owner IWG says new Covid variants will push profits lower

IWG, the world’s largest flexible space provider, has said lockdowns and new Covid variants will push profits this year “well below” 2020 levels. The company, formerly known as Regus, reported a £620m annual loss for 2020, when its finances were hit by social distancing rules, and working from home resulted in empty offices. The UK-listed company, which is headquartered in…

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Facebook investigated by UK and EU competition watchdogs

Facebook is being investigated by UK and European competition watchdogs over concerns it uses advertising data to gain an unfair advantage over rivals. The Competition and Markets Authority is looking into whether it uses information to benefit its own services, such as Facebook Marketplace. The European Commission is examining if Facebook violated EU rules by gathering data from advertisers to…

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SME manufacturers are upskilling 1,800 workers to create the teams of tomorrow

The Made Smarter Adoption programme in the North West has worked with more than 1,200 businesses since 2019, supporting them to introduce digital tools and technologies to help boost productivity and growth, and navigate the impact of Covid-19. Among these, 160 businesses have secured matched funding to develop projects using technologies which enable them to integrate systems, capture and analyse…

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