Referencing service provider Vouch has increased their workforce by 46% in the last six months, despite uncertainty within the sector triggered by the pandemic. The company now employs 35 people, up from 24 back in March, with the new hires ranging from technology development to referencing and sales.
In many ways, we actually have to thank the pandemic for highlighting just how unprepared our economies were to tackle a crisis. It acted as a catalyst for change across industry sectors, including higher and further education, that had been slow to embrace digital transformation and stand up to disruption.
HMRC’s recently-released annual Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) statistics made for interesting reading. While the 2019/2020 numbers don’t offer a full account of Covid-19’s impact on the market, funding from EIS rose to £1.905bn – up from £1.867bn in 2018/2019 – with SEIS funding marginally down, from £171m in 2018/2019 to £170m in 2019/2020. Combined, EIS and SEIS have now helped over 45,000 startups receive over £25bn in funding. A testament not only to the two schemes, but to the UK’s entrepreneurial spirit.
















