Sample 1 - Blog #migrationSample 1 - Blog #migrationhttps://lololol.zohosites.com/thoughts/tag/migrationFri, 02 Aug 2024 18:18:00 -0700http://zoho.com/sites/<![CDATA[Why are SMEs in London recruiting less staff?]]>https://lololol.zohosites.com/thoughts/post/Why-are-SMEs-in-London-recruiting-less-staff


With new statistics from the London Business survey revealing that recruitment figures are down 43% across SMEs in South London, a capital financing firm is keen to assess whether there is a staffing crisis sweeping UK businesses. 


GIC Capital provides SMEs with vital funding through privately owned investment companies and is highlighting the fact that a number of factors including Brexit and a shortage of skills could be behind the drop in recruitment figures.


The latest immigration statistics, which were released in February, revealed that there was a drop in EU net migration, with the number of EU citizens coming over to the UK having decreased by 47,000, which could go some way to explain why more London companies are struggling to recruit, especially given the fact that EU migrants make up 20% of the workforces in 18 British industries. 


SMEs are the lifeblood of the British economy, but without the right staff being recruited, they will be unable to operate in the way that they need to. Recruiting more staff generally means that a business is growing, so these new statistics could suggest that SMEs are struggling to facilitate growth, perhaps as a result of difficulties obtaining appropriate finance. 


Over half of the SMEs in the UK are unable to access the funding that they need to grow their business, with the main reason for this being a lack of understanding about the options that they have available to them. Here at GIC Capital we take the appropriate steps to get to know all of the businesses that we work with and ensure that they understand the financing options that we have available and what will work best for them, whether that be business loans, retail overdrafts or expansion capital. 


While the impending doom of Brexit continues to hang over businesses head, the rise in a skill shortage across the UK is also another factor set to taint recruiting across SMEs. At present, skill shortages are at a critical level across the UK, putting the future growth of businesses at risk. 


 For more information about GIC Capital visit our website. 

We aim to deliver much needed capital to start-ups and SMEs

Call Now +44 (0) 203 2909019

]]>Sun, 03 Jun 2018 22:07:00 -0800<![CDATA[How does migration benefit different industries within the UK? ]]>https://lololol.zohosites.com/thoughts/post/How-does-migration-benefit-different-industries-within-the-UK


Migration within the UK is something that is always on the public agenda. While some are opposed to it, others believe that it is something which is necessary in order for businesses and certain sectors to flourish.

In London in particular, migration is of great importance to a number of industries including the financial sector and the Flat White Economy. It is also of prevalence and importance to construction, hospitality and health and social care.

With the impending doom of Brexit set to change the face of migration and make free movement harder for those hoping to move to the UK for work, could some of the benefits that businesses see as a result of migration be set to diminish?


How migration benefits UK businesses

It helps to alleviate skill bottlenecks and removes barriers

For businesses to grow and prosper effectively, it’s important that there are enough people with the right skills available to do the job. It’s no secret that within the UK, there are certain industries that are suffering as a result of skills shortages.

In construction for example, it has been reported by The Chartered Institute of Building (CIOB) has reported that the industry will need to find 157,000 new recruits by 2021 in order to keep up with demand.  

Migration opens the doors to more talent and helps industries such as construction thrive.


It boosts diversity and creativity

This can especially be witnessed within the Flat White Economy, which relies on creativity in order to flourish. The Flat White Economy refers to a millennial generation of business people and entrepreneurial types that are focused on both technology and creativity. This is particularly prevalent in London, where the spending habits of millennials, who are less inclined to save money and prefer to spend their disposable income in cafes and restaurants.

These types of people also tend to live and work in close proximity of each other, which in term helps to bolster creativity as they are constantly bouncing ideas off each other.


It helps businesses to become more profitable

Every business is looking for ways that they can boost they profit margins, and migration is a sure fire way to do that. While initially it will result in downward pressure on wages through the enhanced supply of labour, the secondary affect is that it will boost wages through faster growth. 

We aim to deliver much needed capital to start-ups and SMEs

Call Now +44 (0) 203 2909019

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