small business news

record shattering April for new business in Newcastle

Newcastle upon Tyne experiences its best ever April for company formations according to the Register of Companies from Companies House.

record first quarter for Leamington Spa start ups

Leamington Spa has set a new record for first quarter business start ups with 164 new companies formed in Leamington in the first quarter of 2012.

Bath record company numbers "quite amazing" says MP Don Foster

In response to Duport's announcement of record numbers of new company formations in Bath, local MP, Don Foster praises the city's burgeoning reputation for business and creativity".

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Cable appointed business secretary

may 2010

Vince Cable has been appointed as the coalition government’s Secretary of State for Business, replacing Lord Mandelson as the man in charge of directing policy for businesses and banking.

Cable impressed many business groups with his interpretations of the economic crisis, as well as his outspoken support for small business, focussing on ensuring banks provide them with the credit they need.

"Vince Cable understands business and is popular with many small and medium-sized companies,” stated David Frost, Director General of the British Chambers of Commerce (BCC).

“His work as the Liberal Democrats’ Shadow Chancellor means that he knows where the UK fits within a global context, and the important role the private sector will play in driving future job creation and economic growth.

“His relentless focus on making sure that the banks lend to viable, credit-worthy businesses will be a critical part of his new position. However, with reform of the banking system on its way, he must ensure that these reforms do not lead to an upheaval for businesses.”

Cable is a Doctor of Economics, and was previously Chief Economist to Shell before becoming an MP.

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