It’s time for another exploration of the business world, with great news about windpower, disturbing news about new commercial property lease rules and the state iof British small business… where growth is on the cards for 56% of businesses but actually getting there is proving easier said than done.
Business growth news – Denmark’s wind triumph
As a business growth expert working closely with a respected wind energy business, I’m always on the look-out for good news on the wind energy front. In 2015 Costa Rica – coincidentally or not the planet’s happiest country – achieved 99% mixed renewable energy, and the splendid wind turbines of Scotland generated the equivalent of 97% of the country’s household energy needs.
Now it’s Denmark’s turn, a little country which has a big love affair with renewables. They’ve just hit the world record for wind energy consumed in a year, a whopping 42.1% of the country’s energy needs. Denmark’s goal is to generate 50% of its energy from wind by 2020, and already serves as a sterling example of ambitious green policies.
It’s ironic that our warming climate means the possibility of a whole lot more wind in some places, which should in turn drive the rise of wind energy in future. But it also reveals an opportunity. If your organisation is struggling with massive energy bills, keen to future-proof itself and dedicated to a greener future, give me a call. There are some seriously good financial benefits to harnessing windpower, and it’ll help reduce your energy bills.
Take care next time you review your commercial property lease
A landmark ruling has clarified a grey area in the lease break clause world, but it looks like the new system will benefit landlords more than their commercial tenants. Plenty of businesses don’t want to commit to a long term lease, and lease break clauses let them review leases mid-contract. Now the landlord can legally keep any overpayment made when the break clause is used, unless, of course, the lease contract expressly stipulates a refund.
Fresh facts from the Small Business Finance Markets Report
Are we seeing more green shoots of investment recovery? Let’s hope so. According to the latest Small Business Finance Markets Report by the British Business Bank, equity finance investment in small businesses grew by more than 40% in the year between October 2014 and ’15. But there’s more. The thriving ‘alternative finance’ sector lent 75% more cash during 2015 than in 2014, shelling out an epic £1.26 billion.
Bank lending, the bugbear of many a British business, is still the main way people finance smaller businesses, and it’s on the rise as well. 2014-15 saw the first four consecutive quarters of positive net bank lending to smaller businesses in a very long time.
56% of smaller businesses want to increase their turnover in the next year and improve business growth success, but some awkward challenges remain. While there are millions of small businesses thriving in Britain they’re not scaling up as expected, remaining small. OECD data shows that Britain sits close to the bottom of the heap for businesses growing to more than ten employees within three years, and national productivity is sluggish as a result.
A freelance business consultant you can trust
Come back for more news and views from the world of business growth consultancy. If you want to find a freelance business consultant who’ll help push your business forwards, give me a call or send an email.