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Today, the smartphone in your pocket is capable of more than the most advanced supercomputer available 25 years ago. In the past couple of decades, we have seen technology push boundaries further than we could ever have imagined, but more recently, this trend has exploded - innovative tech is growing at an exponential rate. What the next 50 years hold is anyone’s guess, but what we do know is that, right now, there is no shortage of funding sources for…

In light of the spiralling cost of traditional forms of energy and an increasing urgency to hit clean energy targets, renewable energy solutions are becoming more attractive, which is why, more companies are investing in sustainability, cleantech and the drive to net zero. The period 2000 to early 2002 alone saw £80.95bn invested from 2,400 investors into the sector in the UK – equivalent to 18% of all European investment in the sector. Energy production had the highest level of…

Companies across the UK are facing changes to GDPR regulations but assurances have been given that new arrangements for UK companies will remain compatible with EU digital protection rules. Michele Donelan MP, the Secretary of State for Digital, Culture, Media and Sport has reaffirmed the government intention to redraft rules on data protection following the UK’s decision to leave the European Union. The Secretary of State believes the current data protection laws bind businesses with “ unnecessary red tape” and says this…

Commissioning a bespoke piece of software to meet your business needs is often an essential element to business growth and operational improvements. However, the project needs to be delivered with a plan that ensures the final delivery matches your vision and that if problems arise, there is a clear route to remedy. The way to achieve this is via a professionally drafted contract which is agreed before the software development begins.   The document does not have to be overly long…

When the New York Times purchased the free to play word game Wordle for a seven figure sum, eyebrows were raised. How could a new game that has never generated an income be worth so much? The New York Times purchased it as a method of potentially boosting subscription numbers which will increase revenue. No one knows if the strategy will pay off but The New York Times were aware of this and prepared to take the risk! There are…

The appointment of Rishi Sunak as Prime Minister is likely to boost the passage through Parliament of wide ranging legislation on crypto assets. Mr Sunak was among the architects of amendments to the Financial Services and Markets Act 2000 with regard to cryptocurrency. The amendments received a second reading in the House of Commons on October 24, 2022, while Mr Sunak’s appointment as the new Conservative Party leader was confirmed the following day. If you are in need of legal…

To ensure your interests and your business are protected you need an experienced team advising you so the final terms are both fair and workable in the long term. If you are considering a funding round, congratulations! It’s an incredible achievement to build a business that is worthy of external investment. That said, if this is new territory for you, it’s highly recommended to seek professional support, including lawyers and accountants, to guide you through the process.| Thinking about a…

Whether or not you are starting to think about retirement, if you have any plans to sell your business in the future then there are steps that you can take to ensure that you achieve the best price for your business and to sell it on the most favourable terms. It is worth investing time and effort to ensure that your business is presented as attractively as possible before you start to market it to potential purchasers

The Government is introducing the Economic Crime and Corporate Transparency Bill as part of an upgrade of powers to Companies House, described as the organisation’s biggest upgrade in 170 years. Anyone who registers a company in the UK will need to verify their identity. The Home Office says this is necessary to tackle anyone who uses companies as a “front for crime or foreign kleptocrats”. Companies House will be given new powers to check and challenge information in a bid to…

New rules are planned in the UK to support the need to speed up the development of offshore wind farms. The Government has unveiled a new Offshore Wind Environmental Improvement Package (OWEIP) to help to reduce the time taken in the planning process for proposed developments. It can currently take around four years to gain consent and the new process aims to reduce this to around 12 months. The OWEIP is designed to strengthen commitments in the Government’s British Energy Security Strategy (BESS). Published…