Monthly Archives: January 2023

Hot Business News Today

How the new energy support scheme will work for SMEs

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By Anna Jordan on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

UPDATED: The Government has announced a new energy support scheme that cuts financial support for business energy costs by 85 per cent from April 2023 until March 31, 2024.

Chancellor Jeremy Hunt has said that the Energy Bill Relief Scheme, running until the end of March 2023, will cost £18bn. He added that the scheme was always going to be “time limited and intended as a bridge to allow businesses to adapt”.

The new 12-month energy support scheme will be capped at £5.5bn (based on estimated volumes) and “strikes a balance between supporting businesses over the next 12 month and limiting taxpayers’ exposure to volatile energy markets.”

Hunt announced its replacement, the Energy Bills Discount Scheme, “giving businesses the certainty they need to plan ahead”.

What is the Energy Bills Discount Scheme?

The Energy Bills Discount Scheme is open to businesses who are:

On existing fixed price contracts that were agreed on or after December 1, 2021

Signing new fixed price contracts

On deemed / out of contract or standard variable tariffs

On flexible purchase or similar contracts

On variable ‘Day Ahead Index’ (DAI) tariffs (Northern Ireland scheme only)

Businesses will receive

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EORI number: What it is and how to get or check one

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By Ben Lobel on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

If you’re considering growing your business internationally, or if you have suppliers based overseas, you’ll probably already have heard of an EORI number.

From January 1 2021, businesses based in Great Britain have needed an EORI number (starting with GB) to import and export goods to the EU.

If you’re just getting started in importing or exporting, the registration process can seem daunting. Don’t worry though – we’ve got you covered.

Here’s all you need to know about the EORI system, who should register, how to apply and where to go for more help.

What is an EORI number?

An EORI number – which stands for an Economic Operator Registration and Identification number – is a unique ID code used to track and register customs information in the EU.

It’s used by customs and other authorities to monitor and track shipments coming into and out of the European Union.

Who needs an EORI number?

Companies importing goods into or exporting goods from the European Union need an EORI number. This number is used to exchange information with customs authorities.

As of January 1st, 2021 companies importing goods into or exporting goods from the

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Who were the Dragons’ Den Dragons and where are they now?

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By 19395pwpadmin on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

Dragons’ Den has been on our screens for a long time and we’ve seen plenty of hits and misses among the investors.   

Over the BBC programme’s 17-year tenure, business hopefuls have faced 19 Dragons in the nerve-rattling Den.

You may not know that Dragons’ Den originated in Japan in 2001 and was called The Tigers of Money while the US version is known as Shark Tank.   

With successes like Levi Roots’ Reggae Reggae Sauce and Sam Jones’ internet browser, Gener8, the Dragons’ approval still holds a lot of heft in the business world.

Nobody beats Peter Jones on the investment front though, having invested £5,983,167 in total, according to the BBC.

Now that we’re in series 20, we look back to some of the Dragons who have left the Den and where they are now.
The post Who were the Dragons’ Den Dragons and where are they now? appeared first on Small Business UK.

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