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06 December 2017

Bedfordshire, Cambridgeshire & Hertfordshire Business Bitesize 6 December 2017

Regional News

Reactor: Applied Gaming for Human Innovation

Co-funded by European Regional Development Fund and Anglia Ruskin University, REACTOR will enable small and medium sized businesses in the region to innovate and develop new applied gaming products and services to meet the future challenges facing society by facilitating connections with gaming talent, expertise, and facilities. Find out more here.

Hertfordshire Growth Hub: Low Carbon Innovation Network

The Hertfordshire Low Carbon Innovation Network provides innovation support to SMEs with products/services which have the potential to reduce carbon emissions. It's part-funded by the European Regional Development Fund.  This would be most suitable for SMEs in the tech, energy, construction, ventilation, heating, electrical, insulation, water, waste and transport sectors. More information here.

HMRC supporting landlords with their Self Assessment tax returns

Leading up to 31 January 2018, HM Revenue and Customs (HMRC) are providing a variety of digital products to help you complete your 2016-17 Self Assessment tax returns. More information here.

Business Issues

Record number of small firms in UK

The UK's small businesses contributed a huge £1.9 trillion to the economy this year, according to new Government figures. The latest business population statistics from the Department for Business, Energy and Industrial Strategy, show there's now a record 5.7 million smaller businesses in the UK, proving that despite rising costs and flagging consumer demand, entrepreneurial spirit is not easily shaken.

Industrial Strategy is first piece of productivity jigsaw

After the publication of the Government's Industrial Strategy white paper, Mike Cherry, Federation of Small Businesses National Chairman, said although it marked the first phase of the journey to improved productivity, it's essential we quickly move to phase two. "To have a sustained and game-changing impact on the economy, the focus needs to be on how to improve productivity across the UK's small businesses and the self-employed," he added. Click here to read our full reaction, looking at the impact on policy areas including skills and infrastructure, business support and clean growth.