Business News
New tech start-ups on the rise in West Midlands
The number of new tech companies being set up in the West Midlands rose by 11 per cent in 2018, according to new analysis by accountancy firm RSM. The research found that there were 563 new
software development and programming businesses launched in the West Midlands last year, up from 505 in 2017. Nationally, there were 11,864 new tech firms
established during the year, according to data held by Companies House, a 14 per cent increase on the 10,394 companies set up in the previous year. The data also revealed that tech company
incorporations grew across every region in the UK with the exception of Scotland, where the number of start-ups dipped by four per cent, and in the North East, numbers remained flat. Mark Taylor, RSM’s managing partner for the central
region, said: “Given the current economic uncertainty, it's fantastic to see that tech start-ups across the West Midlands have continued their upward trajectory. “Our universities are playing a key role in developing
the next generation of tech entrepreneurs and venture capital, private equity and traditional funders are still lining up to commit funds to the right projects. “Tax incentives such as the Enterprise Investment Scheme, R&D tax credits, video games tax relief and
‘The challenge for start-ups, particularly in the tech space, is to develop at speed and to scale-up fast’
the Patent Box regime are all playing their part in helping to fuel this growth. “The challenge for start-ups, particularly
in the tech space, is to develop at speed and to scale-up fast. “There can be a high rate of failures as
projects can often get overtaken by new technological innovations or better resourced competitors. “But get the formula right, find the right
backers and success can be very lucrative.” In order to support the growth ambitions
of successful UK tech-based scale-ups, RSM has announced a partnership with Tech Nation, who run the Upscale 4.0 ‘accelerator’ programme. RSM will work with Tech Nation to offer
its latest batch of 30 companies access to its expertise and experience in a bid to help them develop.
Mark Taylor: ‘Success can be very lucrative’
entrepreneurs@chamber Introducing the Chamber’s newest start-up members
Greater Birmingham Chambers of Commerce’s start-up membership initiative is designed to help new businesses get off the ground. The package, aimed at companies that have been trading for less than a year, features all the benefits of a
standard membership as well as access to 11 half-day workshops. The start-up workshops offer expert advice on areas such as market research, marketing and promotion,
financial forecasting, raising finance, legal requirements and employing people, legal structures, pricing structures and trends, selling skills, networking and social media.
To find out more, call 0800 603 6650. These are the latest firms to have joined the scheme:
Impact Sales Coaching Adam Wootton 07956 442852
adam@impactsalescoaching.co.uk
A sales coaching consultancy, aimed at helping businesses to improve their revenue via sales. The company also helps with sales strategy and planning.
How Did We Do? Jesse Welch-Baines 0121 285 5590
esse.welch-baines@hdwd.co.uk
This company is a ‘feedback solution provider’, which involves collecting feedback about how a company performs, both negative and
34 CHAMBERLINK April 2019
positive. The information collected allows a company to see where it can improve its performance.
Lawrence Business Finance Matthew Lawrence 07770 683874 matthew@lawrencebusinessfinance.
co.uk
Matthew Lawrence is a qualified accountant who helps companies raise finance for business acquisitions, including management buy-outs and buy-ins.
Margaret McGarry 0781 2728235
margaretmcgarry@yahoo.co.uk
Provides physiotherapy services and treats patients with musculo-skeletal conditions, such as low back pain, neck pain and muscle strains.
MDG Fire Safety Training Matthew Greensill 07837 098937
mdgfiresafety@gmail.com
A fire safety business which gives firms practical training, for example in the use of fire extinguishers. The firm also offers fire safety advice and risk assessment.
PRPSFL Limited James Bolle 07989 419203
james@prpsfl.com
A consultancy which advises on business performance, including how to develop and retain staff.
Recruit123 Ltd Karen Eyke, 01902 907123 / 07827 860359,
karen@recruit-123.co.uk
An advertising agency which specialises in recruitment. The firm says it works with companies who typically want to avoid using recruitment agencies.
entrepreneurs @chamber
In partnership with
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