The sharing economy is being used for accommodation, transport and deliveries. However, Borroclub harnessed the sector to provide people a way to make a profit on their unused household items while bringing locals together, which effectively secured its place on our Everline Future 50 2016.
Britain’s sharing economy has received renewed backing from business secretary Sajid Javid, who has sung the praises of innovators including Uber, Deliveroo and Airbnb, which has hit the milestone for 4m UK guests, and called for more players to launch and thrive.
Airbnb’s astounding popularity, and the numerous firms that have capitalised on its strategy successfully, highlights the rapid rise of the sharing economy.
Love Home Swap CEO Debbie Wosskow, who is also the chair of SEUK, has shown off her sharing economy savvy to acquire Holland-based rival HomeForExchange.
By Simon Brooke
Many people who are going away this weekend for a short break or who might be planning a trip over Christmas will find themselves with a challenge – who will look after their beloved pet
The connected living market, which includes the sharing economy, smart meters and more, is set to be worth $1 trillion (£658bn) by 2020 and the UK is set to account for a five per cent share of the market, according to PwC.
DriveNow – the sharing economy venture from BMW and Sixt – has forged a partnership with London City Airport, which will see the travel hub welcome on-demand transportation.
Former minister for business and enterprise Matthew Hancock has admitted that, despite continued protests from London cabbies, he’s a fan of Uber – and it’s actually the capital’s taxi drivers that are to blame.
During a sharing economy conference, Tech City chair Eileen Burbidge delivered a keynote and said it’s foolhardy to simply say the next Facebook or Google will come from the UK, explaining that Britain has all of the ingredients for more than that – to lead digital innovation.
The government-backed trade body Sharing Economy UK (SEUK) has struck a partnership with Balderton Capital to launch a pitch event, which will seek out British entrepreneurs disrupting the lucrative space filled with firm such as Airbnb and BlaBlaCar.
