General Interest

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Expanding into the UK: a guide for international financial services firms

The City of London Corporation has created a guide for financial services businesses expanding into the UK. This practical resource will help firms to navigate the UK regulatory system and seek authorisation.
 
Expanding into the UK: a guide for international financial services firms, developed with global law firm Hogan Lovells, provides a clear outline of what to expect. It offers: An explanation of the main elements of the UK’s regulatory regime; Guidance on which regulator – the FCA or the PRA – firms should obtain authorisation from; A step-by-step overview of how to obtain authorisation, and the timeline for the application process;  Sector-specific insights for banking, fintech, insurance and asset management firms; Further practical steps for setting up a business in the UK. With a skilled workforce, global connectivity, and a world-leading regulatory framework, the UK offers unparalleled opportunities for growth and innovation. Building your business here is an opportunity to connect with a vibrant ecosystem of experts, innovators and leaders across financial services and technology.
 
The City of London Corporation is here to help. Get in touch to start your journey.
 
Download the guide now
Posted on Broad Street Ward Interest, General Interest, Wider City of London Interest

Age UK Receives £655k Grant Towards Cost-of-Living Crisis

An historic charity founded by an Elizabethan benefactor has given a six-figure funding boost to London’s vulnerable older people struggling with the cost-of-living crisis.

The Emanuel Hospital charity, set up in 1600 and administered by the City of London Corporation, has awarded a grant of £655,154 to Age UK to support thousands of older people across the capital.

The funding will go to 22 local Age UKs across London, who will use it to offer information and advice sessions on topics including claiming benefits, saving energy, eating well on a budget and avoiding scams.

It has been made available in acknowledgement of the increased demand on Age UK’s services caused by the cost-of-living crisis. The charity’s services provide a lifeline to vulnerable older people struggling to make ends meet amid rising costs.

Research shows that even before this year’s sharp increase in inflation, 15% of pensioners in the UK were in poverty, the equivalent of 1.7 million people[i].

Chairman of the City of London Corporation Emanuel Hospital Management Sub Committee Alderman Professor Michael Mainelli said:

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City Business Library Support During Covid-19

City Business Library (CBL) staff have been working hard behind the scenes to find ways in which we can continue to support our business customers during lockdown with their market research, business start-up questions and online learning. We understand that being at home can be frustrating, but we want to help you continue the business plans you had set for 2020.
Visit Covid-19 business support pages on website to find out more »

Free 121 Bitesize Business Advice Sessions

Regular business advice sessions have been condensed to 30 minute online consultations. These are being offered as a complimentary service to anyone thinking of starting a business while City Business Library is closed. Yes, that’s right – business advice for FREE!  Once you register your allocated business advisor will be in touch to arrange a suitable time to talk.
Register for bitesize business advice 121 >>

Covid-19 Global Data

You can now subscribe to MarketLine to receive their regular Coronavirus Executive Briefing, helping you to understand how the outbreak may impact your business.  CBL Remote Access Membership.  You can still become a City Business Library member to access some of our databases which are available remotely. With the Access membership you can get free access to the Cobra (Complete Business Reference Adviser) database that has a factsheet ‘Coronavirus – Government Support for Business’ which contains advice on sources of information for businesses and employers.
Find more information about CBL membership »

Online Courses

Why not take this time to learn or develop your skills. All online courses have been discounted so you can make the most of your time at home.
Shop the sale »

Posted on General Interest, Wider City of London Interest

2019-nCoV Advice

The UK government has circulated this link – https://www.gov.uk/government/publications/novel-coronavirus-2019-ncov-guidance-to-assist-professionals-in-advising-the-general-public/guidance-to-assist-professionals-in-advising-the-general-public – to advise the public on how to prevent spread of 2019–nCoV infection, what symptoms to look for, and what to do if you become unwell in a variety of settings.  The guidance covers the following topics:

  1. Preventing spread of infection
  2. Actions on return from China
  3. Symptoms and what to do
  4. Feeling unwell while away from home
  5. Travel to countries outside China that have 2019-nCoV cases
  6. Cleaning shared spaces

 

 

Posted on General Interest, Wider City of London Interest

Brexit Ready?

Advice and resources on how your business can prepare for the UK leaving the EU

Brexit checklist for businesses

The British Chambers of Commerce has put together a Business Brexit Checklist, to help businesses plan for Brexit.

The CBI has also published a report to advise businesses on No Deal planning.

Government advice on preparing for Brexit

The Government has also published advice on what businesses should do to Get ready for Brexit.

Employer Toolkit for businesses which employ EU nationals

The Home Office has published an Employer Toolkit which covers the key details of the EU Settlement Scheme, information and materials with which to support affected staff and their families.

Brexit Business Resource Hub

The London Growth Hub and the Mayor of London have launched the Brexit Business Resource Hub to bring together resources to help firms plan, and map areas of their business affected by Brexit.

FSB advice for small businesses

The Federation of Small Businesses also has advice specifically for SMEs.

What we are doing on Brexit

To find out more on what the City of London Corporation has been doing on Brexit.

City Hall

As part of their #LondonIsOpen campaign, City Hall has created a EU Londoners Hub detailing what there is to know about Brexit and how to prepare for it.