Accelerator programme designed to champion diversity in entrepreneurship in Wales announces inaugural award winners

An accelerator programme designed to champion diversity across the Welsh business start-up landscape has announced the winners of its inaugural awards.

The Excelerator Programme has seen 23 entrepreneurs that are young, female, disabled or from a black and minority ethnic background participate in a Welsh Government-funded 12-week immersive accelerator programme.

The programme was launched to support groups that have been disproportionately affected by COVID-19, to help budding entrepreneurs launch and grow their business idea or scale an existing business.

The Excelerator Programme has included expert masterclasses for founders and mentorship and professional coaching from business start-up and scaleup experts. It has been delivered as part of the Business Wales Accelerated Growth Programme, which is part-funded by the European Regional Development Fund through the Welsh Government. The programme has supported 1053 businesses in Wales to create over 9000 jobs. Research led by Professor Max Mundy of Cardiff Business School has demonstrated … Read more

What Is the Worst Credit Score?

Low credit scores have far-reaching implications. First, borrowing becomes difficult or impossible, as lenders regard you as a risky client. Secondly, you may fail to get the perfect job or apartment, as lenders and employers check credit histories as well. So, what is the worst possible status, and how can it be improved?

Different Assessment Systems

The two most popular scoring methods in the United States are FICO and VantageScore. In both, 300 is the lowest possible total. FICO regards anything under 580 as very poor. In the second system, this category includes totals between 300 and 499.

The best credit repair companies in 2021 can raise the total if it is unfair. Sadly, this happens fairly often. According to the latest statistics, one in five US citizens has at least one flawed report.

Key Components

All scoring scales are based on items in your credit report. They also use … Read more

Big Gains on Day, Week for Markets

Equities in Canada’s largest market perked Friday, as health-care and energy issues provided the impetus.

The TSX rocketed 181.76 points to close Friday at 19,472.74. On the week, the index leaped 364 points, or 1.9%.

The Canadian dollar surged 0.12 cents to 82.39 cents U.S.

Health-care enjoyed the most accolades, with Organigram Holdings up 35 cents, or 11.7%, to $3.33, while Aurora Cannabis stocked 54 cents, or 5.3%, to $10.82.

Among energy issues, Enerplus leaped 41 cents, or 5.9%, to $7.42, while Canadian Natural Resources headed higher $1.32, or 3.3%, to $41.70.

In materials, First Quantum Minerals jumped $2.13, or 6.8%, to $33.70, while HudBay Minerals added 70 cents, or 6.7%, to $11.20.

On the economic front, Statistics Canada reported that the economy lost 207,000 jobs in April and the unemployment rate rose 0.6 percentage points to 8.1%.

This followed cumulative employment gains of 562,000 over the previous two months. … Read more

Plastic bag charge to double to 10p in all shops in England

The single-use carrier bag charge will rise from 5p to 10p and be extended to all businesses in England from 21 May.

The government said all stores, including corner shops, will now have to apply the charge from that date.

The 5p levy on plastic bags was introduced in England in 2015. Since then their use has fallen by over 95%.

The average person in England now buys just four single-use carrier bags a year from the main supermarkets, compared with 140 in 2014.

“The introduction of the 5p charge has been a phenomenal success,” said Environment Minister Rebecca Pow.

By extending the charge to all retailers, the government hopes the use of single-use carrier bags will fall by 70-80% in small and medium-sized businesses.

“We know we must go further to protect our natural environment and oceans, which is why we are now extending this charge to all businesses,” … Read more