Entelliz recommends
Week 47, 2008
STOP PRESS......
Extra support for UK SMEs from the European Investment bank
Britain's small and medium-sized businesses will benefit from up to £4 billion in loans from the European Investment Bank (EIB) over the next four years, announced the Chancellor of the Exchequer, Alistair Darling. UK banks have already signalled their interest in securing around £1 billion a year from the EIB. The banks also welcomed the recent reforms by the EIB to modernise and simplify its SME loan products, namely:
- allowing financing up to 100% of the intermediary's intervention;
- removing the limitation on the purchase of used fixed assets;
- allowing financing in all sectors apart from clearly excluded sectors, e.g. arms, gambling, etc;
- including working capital into the range of financial needs eligible for EIB finance
- including R&D expenses from the concept of innovation and including IP rights finance;
.
Tip of the week
Tax relief is available for people working from home
If you have to work from home, tax benefits are available to you on expenses that include:
- The extra cost of gas and electricity to heat and light your work area
- Business telephone calls
- Business use of a car
- Capital allowance on items like computers or deduction for items such as stationery etc..
If you are an employee of a company, but have to work from home, you are still entitled for deduction of £3.00 per week for each week worked at home.
.
Article of the week
Feeling the Pain in Brazil, Russia, India and China
As the financial crisis continues around the globe, it seems that no country or continent is being spared the consequences. In this article, Shiv Khemka, vice chairman of SUN Group, based in New Delhi and Moscow; Silas K.F. Chou, president and CEO of Novel Holdings, based in Hong Kong; and Odemiro Fonseca, founder of Viena Rio Restaurantes in Rio de Janeiro, discuss their countries' response to the crisis and its impact on specific sectors, among other topics.
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Newsflash of the week
Scarborough was named the enterprise capital of the UK
The North Yorkshire town was the Enterprising Britain 2008 award winner for its Waking Sleeping Beauty project.
Six years ago, unemployment in Scarborough was twice the North Yorkshire average, and third of residents ranked among the 20% most deprived in the country. Through a partnership of the council, local businesses, residents and the Regional Development Agency, Scarborough has successfully diversified its local economy and helped to engineer a start-up boom from the regeneration of its harbourside area.
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Event of the week
Business Startup
When: 28 November 2008
Where: Olympia, London
Cost: free
Business Startup 2008 is the UK’s largest exhibition for people starting and expanding a small business. Just one day at the Business Startup show will help you make contacts, help your business run smoothly and most importantly: make you more money. Click here to register.
Week 47, 2008
STOP PRESS......
Extra support for UK SMEs from the European Investment bank
Britain's small and medium-sized businesses will benefit from up to £4 billion in loans from the European Investment Bank (EIB) over the next four years, announced the Chancellor of the Exchequer, Alistair Darling. UK banks have already signalled their interest in securing around £1 billion a year from the EIB. The banks also welcomed the recent reforms by the EIB to modernise and simplify its SME loan products, namely:
- allowing financing up to 100% of the intermediary's intervention;
- removing the limitation on the purchase of used fixed assets;
- allowing financing in all sectors apart from clearly excluded sectors, e.g. arms, gambling, etc;
- including working capital into the range of financial needs eligible for EIB finance
- including R&D expenses from the concept of innovation and including IP rights finance;
.
Tip of the week
Tax relief is available for people working from home
If you have to work from home, tax benefits are available to you on expenses that include:
- The extra cost of gas and electricity to heat and light your work area
- Business telephone calls
- Business use of a car
- Capital allowance on items like computers or deduction for items such as stationery etc..
If you are an employee of a company, but have to work from home, you are still entitled for deduction of £3.00 per week for each week worked at home.
.
Article of the week
Feeling the Pain in Brazil, Russia, India and China
As the financial crisis continues around the globe, it seems that no country or continent is being spared the consequences. In this article, Shiv Khemka, vice chairman of SUN Group, based in New Delhi and Moscow; Silas K.F. Chou, president and CEO of Novel Holdings, based in Hong Kong; and Odemiro Fonseca, founder of Viena Rio Restaurantes in Rio de Janeiro, discuss their countries' response to the crisis and its impact on specific sectors, among other topics.
.
Newsflash of the week
Scarborough was named the enterprise capital of the UK
The North Yorkshire town was the Enterprising Britain 2008 award winner for its Waking Sleeping Beauty project.
Six years ago, unemployment in Scarborough was twice the North Yorkshire average, and third of residents ranked among the 20% most deprived in the country. Through a partnership of the council, local businesses, residents and the Regional Development Agency, Scarborough has successfully diversified its local economy and helped to engineer a start-up boom from the regeneration of its harbourside area.
.
Event of the week
Business Startup
When: 28 November 2008
Where: Olympia, London
Cost: free
Business Startup 2008 is the UK’s largest exhibition for people starting and expanding a small business. Just one day at the Business Startup show will help you make contacts, help your business run smoothly and most importantly: make you more money. Click here to register.
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