This Week in Business

The headlines this week have been dominated by the Prime Minister’s announcement of a snap General Election taking place on 8 June this year- for full details on how this could affect small businesses, have a look at our blog post.

However, this week also saw a number of good news stories for businesses in the construction, marketing and tech sectors in particular.

Real estate

There was good news for the construction sector this week: according to a report by CBRE, London’s commercial real estate market saw record investment in the first quarter of the year. The data shows that just under £5 billion of transactions took place between January and March, creating opportunities across London.

The market is holding strong against the market uncertainty created by Brexit, and the positive direction the sector is heading in suggests there will be even more opportunities for construction companies in the future. Building Legacies’ range of training workshops on offer could give your business the tools it needs to make the most from this uplift: see our events page for more information.

Marketing

A report by IPA Bellwether published this week suggests there are strong prospects for SMMEs in the digital and creative industries. Research found that British companies are planning on increasing their advertising and marketing budgets this year, with particular scope for innovative uses of digital technologies to increase their brand awareness. Although these budgets had been set to decline by at least 0.7 per cent, companies are remaining resilient in the face of Brexit and will be upping their spending. Our upcoming free workshop on ‘How to Create Marketing That is More Hit Than Miss’ will provide valuable insights on boosting the profile of your business’s brand.

Tech investment

London’s burgeoning technology sector is living up to its reputation as a global leader in innovation, and investors are noticing. Since the beginning of 2017, venture capitalists have invested an impressive £395 million in technology start-ups based in London- many of which are based in East London’s tech city.

Financial technologies, as ever, are proving to be most popular with investors, but the robotics and drones sector is also attracting a lot of investment. The sector grew a whopping 30,500 per cent in the first three months of 2017, and there are no signs of this growth slowing down, as incubators and accelerators continue to pop up all over the capital.