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05.03.2015

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Starting up a new business can be a daunting prospect for anyone, and there is a lot to consider. If you are thinking of starting your own business then just bring us your business ideas and we will help you to make them a reality! Listed in the YFS business directory in the Accountants Ilford category - Copyright © Ace Business Consultancy Ltd .
Ace Accountants & Tax Consultants recognise that support of experts in the early phases of starting a business is vital for survival. Rise To, a London-based platform that matches young people to entrepreneurial businesses, has raised ?743,625 crowdfunding round via equity-based crowdfunding platform Seedrs. A ?10m start-up accelerator, MassChallenge UK, is to launch in London to support “hundreds” of British entrepreneurs and early-stage businesses. The UK programme intends to build on the success of the US MassChallenge accelerator in Boston, Massachusetts, which claims to be the world’s largest business accelerator with over $1m awarded to winning start-ups each year since it began in 2010.


Based on a “no strings attached model”, MassChallenge UK will offer mentoring, training, free office space, PR coverage, and legal advice, as well as funding prizes of up to ?600,000 with no equity taken.
MassChallenge UK managing director, Chris Howard, said: “If the UK is to continue its economic recovery, then it is vital we nurture a new generation of start-ups and ambitious entrepreneurs, who can develop sustainable long term businesses.
Mayor of London, Boris Johnson, added: “My main priority as Mayor has been creating jobs and growth for Londoners, and I am pleased to welcome MassChallenge to London. Oxford, Cambridge, London, Reading and Aberdeen are ranked among the top 10 British cities for productivity, jobs growth and average earnings, according to the Centre for Cities’ Small Business Outlook 2015.
The report of 64 cities found those that ranked highly on these metrics tended to have a higher density of small businesses in professional, creative or digital sectors – known as ‘new work’ companies.
The highest density of ‘new work’ businesses tended to be found in cities in the South West with the exception of Edinburgh, Warrington and Aberdeen; the latter boasting the highest job creation from ‘new work’ sectors of anywhere in the country. Reading had the highest proportion of technology and digital firms relative to size, while London was found be home to 30% of all digital small businesses in the country.


The report found that ‘new work’ businesses tend to locate where there are large talent pools to hire from, with Reading listed as having the seventh highest proportion of graduate residents. Alexandra Jones, chief executive of Centre for Cities, said: “In recent decades, small innovative firms, taking advantage of technological advances, have started to play an increasingly important role in driving jobs growth, wages and productivity in UK cities. One of the key elements that makes it unique is that no equity is taken and we expect nothing back from the businesses, just dedication and commitment. London, Oxford and Cambridge took the second, third and fourth positions respectively for the number of businesses in the creative industries. Similarly, cities with a high concentration of digital and creative businesses, such as Oxford and Cambridge, were more likely to have high quality universities, with those businesses often working closely with the universities.



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