Posts Tagged 'Vince Cable'

Global 1st For Green Investment Bank

I understand the worlds first Green Investment Bank has just been launched by Vince Cable.  The bank has made its first investment in an anaerobic digestion plant on Tees-side and is looking to follow this up using £3bn of funding under it’s belt.

Said Vince Cable, “The Green Investment Bank has the potential to be a game-changing component of the UK’s low carbon economy, and a profitable centre of excellence in specialist and renewable investment.”

Click here to find out more

Sc: MGBA; UKBA

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Start Up Loans for Young Entrepeneurs

A BIS scheme to offer business loans has just been launched to entrepreneurs aged  between 18 – 24. Vince Cable has launched a scheme offering up to £2500 in start up loans as well as professional mentoring support.  Cable believes it’s not just about the money but the professional guidance to help ensure successful businesses.

http://news.bis.gov.uk/Press-Releases/Young-entrepreneurs-get-access-to-first-start-up-loans-68061.aspx

If you would like to know more about this scheme drop me an email to martin.parry@mgba.co.uk or comment on this blog.

Sc: MGBA

Plans To Simplify Staff Dismissals

The BBC are reporting that new plans to allow employers to dismiss staff using a settlement agreement have been announced by Business Secretary Vince Cable.

The proposal is to provide employers and employees with an alternative to employment tribunals to solve workplace problems. British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI) have both welcomed the plans saying they would give businesses confidence and simplify the dismissal process.

However, shadow business secretary Chuka Umunna said the move could undermine employee rights and might be counter-productive in terms of growth.

More Information:

MGBA: 

BIS Launches High Growth Scheme

The Department for Business (BIS) has launched a£200 million scheme to support high-growth businesses in England.  The Growth Accelerator scheme will provide coaching for businesses to identify and tackle problems such as securing finance, commercialising innovation and developing leadership. Under the scheme, firms will be fast tracked to receive business advice from providers such as UK Trade and Investment (UKTI) and angel investors. Business Secretary Vince Cable commented: “With targeted support we are giving entrepreneurs a fantastic opportunity to take their businesses forward to succeed both here and abroad.”

Scource: http://www.bis.gov.uk

More Information

MGBA

Martin.parry@mgba.co.uk

New Employment Rules – Boost To Businesses

 HR Magazine are predicting that planned reforms to the employment tribunal process could make it easier to hire and fire staff and deliver savings of £10 million a year. The changes include:

Extending the qualifying period for claiming unfair dismissal from one year to two

Raising the maximum level for costs awarded to firms winning a tribunal claim from £10,000 to £20,000.

In addition BIS will publish the average value of awards and time taken to reach a hearing to provide both parties with a better understanding of the tribunal process.

More Information

MGBA

martin.parry@mgba.co.uk

 

Vince Cable Mansion House Speech

BIS Secretary of State Vince Cables address to The Mansion House yesterday on re-shaping Britain’s finances the better to serve our industrial and commercial sectors

Link to speech


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