Skip to main content
Guiding you to a better future

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Spend on Small Business Saturday breaks new record

15 December 2020

The organisers of the Small Business Saturday event have estimated that UK shoppers spent £1.1 billion on the day, as shoppers showed support for their local high streets after a tough year.

The UK's eighth annual Small Business Saturday, which took place on 5 December 2020, saw 15.4 million people hitting the high street and shopping in independent retailers. Research commissioned by Small Business Saturday founder American Express has revealed that spend exceeded the billion pound mark for the first time ever, even though there was a fall in footfall.

Toluna polled 3,701 UK adults on behalf of American Express and found that the average per person spend was £70.74, up 56% from £45.42 in 2019. These figures indicate that UK shoppers spent £1.1 billion in small retailers on the day, using ONS figures for the UK adult population.

Of the shoppers who took to the high street on Small Business Saturday, 48% said they chose to spend money with small businesses as they wanted to support them after a tough year. Small Business Saturday also drew high engagement on social media, with #SmallBusinessSaturday trending throughout the day.

Michelle Ovens, director of Small Business Saturday, said: "It is fantastic to see such phenomenal, record-breaking support for small businesses, in one of the toughest years many have ever experienced. Small Business Saturday has been running for eight years, but this year's campaign has been our most vital. We are delighted that it's generated such a massive boost for small businesses, at a time they are facing huge challenges with the ongoing effects of the pandemic.

"I have no doubt that this strong support for small businesses has been driven by recognition of the critical role they played in our communities during lockdown. So many firms worked hard to pivot and adapt their businesses during this national emergency, often stepping in to offer useful services, vital products, as well as being a source of practical support and kindness, particularly for the NHS and frontline workers.

"While there is light at the end of the tunnel for 2021, with a vaccine, this winter is still going to be tough for many small businesses and it's so important that we all continue to support them. This year Small Business Saturday is not just about one day, but all of the small actions that individuals can do across the winter to add up to one big impact."

American Express is also incentivising its card holders to support their local small shops with its Shop Small offer. From 5 to 20 December 2020, they will receive a £5 statement credit when they spend £10 or more in-store at participating small businesses. The offer is valid for use up to ten times, once per participating location, which means shoppers can earn a total of £50 in statement credits.

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry