Latest News
North Tyneside Business Forum brings you the latest news and information from businesses throughout North Tyneside. Up to date, informative and accurate, you can trust our latest news to keep you informed of the latest North Tyneside business developments.
Whether it's good advice from a local company, the latest business successes or information about up-coming events, you'll find it here.
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The September Edition of the Business Forum newsletter is now available.
Please note that hard copies of the Newsletter are only sent to companies for which we have no email contact addresses. This service will cease for the next edition - if you would like to be on the mailing list to receive an electronic copy please ensure you are registered as a Business Forum Registered Member.
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What will EU policy mean for web-business
Posted on: 19/04/12
A survey has shown that less than a quarter of web users will happily opt in to cookies, following the introduction of the EU ePrivacy Directive next month. A survey of 1,097 web users found that 17 of people would definitely not accept cookies if prompted when arriving at a website.60 said that they might accept them, depending on what they were used for and only 23 will provide immediate consent. The Directive will force many UK companies to change their websites in order to provide better guidance to visitors about how cookies are used, and those not complying could be fined up to £500,000.Cookies can be used to save the contents of a shopping cart or track user experience via web analytics for example. 21 of respondents said they would authorise cookies that were used to improve the targeting of ads.A wider survey of 1,593 respondents found that nearly a third of web users do not know what a cookie is, nor why websites use them.Graham Charlton of Econsultancy, the reports author, said The ECPR is a major - and somewhat unwelcome - challenge for online businesses in the UK. As the survey results show, persuading users to opt in to cookies will be very difficult. E-commerce sites that rely on analytics to improve the user experience and maximise conversion rates, and publishers which rely on advertising income in order to offer free content online face a serious challenge. The law could result in a loss of data, sales and ad income for many online businesses.26 of visitors would provide consent to cookies that helped to make a website easy to use, while 50 would use another website.For information on how to respond to the EU Directive, see Maxymisers previous a hrefhttpbdaily.co.uknewsfinance12-01-20121326299020-maxymiser-advise-on-eu-cookie-regulationsadvice piecea on Bdaily.
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Work to begin on new Stoke CBD
Posted on: 19/04/12
The first phase of Stoke-on-Trents new Central Business District CBD will begin to take shape in mid-May, it has been announced.Work will begin with the removal of the former Andromeda building, to make way for the development of new offices.Stoke-on-Trent council is working with developer Genr8 to define requirements for the new office buildings.Cllr Ruth Rosenau, Stoke-on-Trent City Council cabinet member for regeneration, said The CBD is a key project within the regeneration of the city centre and it is exciting to see work starting on the site. As a council we are continuing to work with the developer to define the project requirements and are pleased to see the project progressing to the next stages with enabling works.The Andromeda building, acquired by the former Advantage West Midlands as part of the CBD project, was built in the 1980s, and houses the former Regimes nightclub and Rileys snooker club.Mike Smith, partner at Manchester based Genr8 said Work is continuing to progress well with the CBD. The demolition works and site preparation is the next stage of the process which we hope will be concluded by the end of the year, allowing the first phase of building works to start immediately thereafter.
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Tyneside undertaker secures £120,000 funding
Posted on: 19/04/12
A South Tyneside undertaking firm is expanding under new management, after securing an investment of £120,000 from the Finance For Business North East Growth Fund.Tynedale Funeral Services was purchased by former manager Mark Cook and his wife Diana at the start of 2012 when founder Peter Kerrigan decided to retire.In order to bring operations up to date, the Cooks secured the investment, which will now be used to improve facilities at the companys South Shields and Hebburn offices, as well as the purchase of new vehicles and stock.Mark Cook began training as a undertaker straight after leaving school, and has developed his career with a number of firms around the region over almost a quarter of a century. He says When I told my school careers adviser that I wanted to be an undertaker, he didnt take me at all seriously and sent me on my way, but I always knew it was the right industry for me and running my own firm is something Ive wanted to do ever since I started work. Tynedale Funeral Services has established a strong reputation around South Tyneside, and were now building on that by bringing in the sorts of new products, services and vehicles that we know will maintain and improve the standards that have been built up here over almost two decades. The money was administered by regional fund management firm NEL Fund Managers. Commenting on the deal, Simon Johnson, senior investment executive at NEL Fund Managers added This is a slightly unusual deal for us, but the principles behind all the Growth Fund investments weve made are very much in evidence an experienced management team with a strong industry track record and robust plans to take the company forward.
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Last call for Entrepreneurs Forum Annual Awards nominations
Posted on: 19/04/12
Time is running out for people across the North East business community to nominate the person who gets their backing as the regions top entrepreneur.
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Increase Your Sales With Business Sales Leads
Posted on: 18/04/12
In the current market situation where every business is facing a cut throat competition at every step it is very necessary for a business to obtain as manybusiness sales leadsas possible to survive. It is very important for you to stay a step ahead from your competitors to survive in the business and this can only be done by increasing your sales and get more traffic for yourself. Marketing is a very important element in a business but being a quite expensive affair, a hrefhttpwww.netvancer.combusiness sales leadsa is an element which is used to eliminate the cost which is incurred in reaching people who might not be interested in your line of product.
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Reconsider RD tax relief, say PwC
Posted on: 18/04/12
PwC are encouraging North East manufacturers to reconsider RD tax relief schemes, and prepare to take full credit for sustained investment in innovation.
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£2.1m housing development complete
Posted on: 18/04/12
Work has been completed on a £2.1 million affordable housing development in Carlisle.
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Upturn in North East employment levels
Posted on: 18/04/12
Unemployment levels in the North East have fallen faster than the UK average, according to recent figures.
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More aid needed to access Public Sector contracts
Posted on: 18/04/12
Regional businesses are missing out on public sector contracts which could generate up to £1.35 billion and 6000 jobs for the region, according to the North East Chamber of Commerce NECC.In the Unlocking the Barriers report, the NECC recommends that a series of improvements are made to the public procurement process to help regional businesses tap into the North East public sector supply chain.Each year the regional public sector spends an estimated £3.5 billion on goods and services, and represents a significant slice of regional business opportunities.NECC Director of Policy, Ross Smith, said The sheer size of the public sector within the North East means that it forms an important part of the market for many businesses in the region. However, many perceive barriers reducing the opportunity to compete for public sector contracts. With public spending in the North East 7 higher than the UK average, the opportunities from selling to the public sector are potentially greater in this region. If we make more opportunities open to North East firms here, it will also bolster their chances of winning similar work outside the region. NECC findings have previously indicated that since the onset of the recession, the region has witnessed a weak pattern of private sector investment. Mr Smith believes that this highlights the importance of public procurement markets.Businesses ability to win work in this sector is critical to the success of many individual firms as well as to the regional economy as a whole. He continued. The survey was produced in partnership with Dickinson Dees law firm, and focussed on the crucial pre-qualification stage which the public sector uses to shortlist potential suppliers.Deborah Ramshaw, head of Procurement at the firm worked closely with the NECC on the report.She commented We believe that the implementation of the recommendations contained within it would make a real difference to suppliers seeking greater access to the public sector market both within the North East region and further afield. The NECC is now calling for improvements to the PQQ debriefing process, a requirements checklist for procurers and improvements to the transparency of PQQ evaluation to provide clear guidance for regional firms looking to secure contracts. Mr Smith believes that the adoption of these suggestions would allow businesses in the region to compete more effectively for contracts.He added Regional local authorities face an £800m reduction in capital spending over three years. In the current drive to make efficiencies, there is focus on maximising procurement value. At the same time, businesses are concerned that the economic impact of procurement decisions is well understood and influences decisions.We hope to see these recommendations widely adopted within the North Easts public sector, and future opportunities for engagement between suppliers and procurers are grasped to ensure the process of improvement continues.
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Clear aviation strategy vital to UK economy.
Posted on: 18/04/12
The UK must develop a clear aviation strategy, or risk becoming a branch line destination, unable to compete in global export markets, according to the CBI.The CBIs chief policy director Katja Hall is calling for urgent action to ensure that the UK remains a major player in the exports industry whilst also attracting much needed inward investment.In a speech to a Transport Times conference A new strategy for UK aviation, Ms Hall will highlight the damaging impact of Government inaction in this area.She said With a private sector prepared to provide the airport capacity to meet rising demand if a clear government strategy can be set out, a continued policy of no policy represents a serious political gamble.It leaves us with one hand tied behind our back in our attempts to capture trade and investments in high growth markets. And in this Olympic year, where our focus should be on promoting the image of a world-beating UK, this is not the brand of an ambitious global economy that UK businesses want to be selling.In last months Budget, the Chancellor expressed ambitions to double UK exports to £1 trillion a year, but Hall believes that to do this, decisive leadership is needed.The UK has used its transatlantic geography over the last half century to put itself at the centre of the international air network. Hall continued. But as the global economy moves east and south, constraints at a hub airport running at 99 per cent capacity are preventing airlines from meeting demand for flights to growth markets in emerging economies.Seven major cities in China are now served by airports in Frankfurt, Paris or Amsterdam, which have no direct flights from the UK. Ms Hall also believes could undermine the UKs image as a global hub for trade, finance and as a destination for overseas investment.It threatens our ambition as a centre for manufacturing in high-tech, high-growth industries. And it hits the export potential of individual businesses across the UK. She added.The CBI is now calling on the Government to take action to maximise the capacity of existing airports, whilst also prioritising road and rail schemes to improve access to a number of airports, including Gatwick, East Midlands, Newcastle and Bristol. We cannot become obsessed by a polarised debate that seeks to present development of our hub capacity and growth at other UK airports as mutually exclusive options they are not. An effective hub should be complementary to a network of thriving regional airports providing direct links to the most popular destinations in Europe and beyond.And we need to begin a process now to deliver a new runway to serve the south of the UK within the next decade at Heathrow, Gatwick, Stansted, Birmingham or elsewhere subject to an urgent review of the most feasible option to address the current serious constraints at Heathrow.And for the longer-term we need to explore all options, including a new hub airport for London.
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UK unemployment levels fall to 2.65m
Posted on: 18/04/12
UK unemployment levels have fallen by 35,000 to 2.65 million, according to the Office of National Statistics.During the period between December and February, unemployment fell from a 12 year high of 8.4 to 8.3 - the lowest levels since summer 2011.However, the claimant count rose by 3,600 in March to 1.61 million, the highest claimant count since October 2009.The number of younger jobseekers also fell, with figures indicating that the number of unemployed 16-24 year olds had fallen to 1.03 million. Youth unemployment still stands at 22.2.
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Gallery Calls On Fashionistas To wearmima
Posted on: 17/04/12
North East fashionistas are being called upon to show off their style to be in with a chance to wear jewellery from mimas extraordinary collection and be featured on The Space.
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Government to front £5m investment in rail industry
Posted on: 17/04/12
The Government is leading on an investment of £5m to accelerate business innovation and growth in the UKs rail industry.The funding, from the Technology Strategy Board, the Department for Business Innovation and Skills and RSSB, will support the development of technologies to address challenges and to meet customer requirements in both UK and international rail markets. £5m will be invested through grant awards to 19 major new business-led research development projects.Iain Gray, Chief Executive of the Technology Strategy Board, added These exciting business-led collaborative projects will develop innovative technologies to address the key challenges facing the UK rail industry today cost, carbon, capacity and customer satisfaction and we are delighted to be working with the rail industry through RSSB to support such vital business innovation. Len Porter, Chief Executive of RSSB, said The railway industry is a product of invention and innovation, but today the industry is facing the twin challenges of growth while reducing costs. This partnership recognises the role that innovation from all sizes of business can play in meeting those challenges. We are delighted to be working with the Technology Strategy Board to take so many exciting projects forward.The 19 projects will involve a total of 46 companies, universities and other organisations, including 21 SMEs.Some of the projects to be included in the programme involve the development of systems to improve the energy efficiency of both diesel and electric-powered trains better passenger services such as multi-modal journey planning and enhanced voice and broadband provision on passenger trains improving safety and reducing delays and cost in winter with energy efficient heating system for points and an on-train adhesion monitoring system and reducing the lifetime costs of rail infrastructure and rolling-stock with technologies such as laser cladding, asset monitoring systems and the use of composite materials.
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Retail Parks and High Street can co-exist
Posted on: 17/04/12
High numbers of retailers moving to out of town shopping centres does not signal the demise of the traditional high street, according to one retail expert. A report by Trevor Wood Associates indicated that budget stores including Home Bargains, BM, and Poundworld took more than 1 million square foot of out of town space during 2011. The vacancy rate for retail parks with A1 planning permission which can be occupied by any retailer has dropped to 6.8 from 7.9.While this indicates that retailers are moving out of town, Graham Soult, consultant at CannyInsights.com believes that the retail property picture is more complex than the report suggests.Many successful chains are pursuing a twin-track strategy of opening both high street and retail park stores, He said.If you look at which retailers have taken over the North Easts former Woolworths sites, for example most of which are in town centres many are the same names mentioned in the report as opening out-of-town stores, including Poundworld, Home Bargains, Poundland, BM and Next. Other expanding chains, such as Wilkinson, Store Twenty One and the big supermarkets, are also ramping up their high street presence.The Definitive Guide to Retail and Leisure Parks 2012 also found that 82 new schemes are likely to proceed before the end of 2018, including 3 leisure parks, 11 leisure schemes, 11 shopping parks, 42 retail parks and 5 retail and leisure parks.While this indicates that many retailers are drawn to the large, easily accessible sites, Graham does not believe that this indicates the demise of the traditionl high street.He added Its certainly true that the amount of retail park space has ballooned in recent years, and that the mix of retailers has been shifting away from furniture and bulky goods towards fashion and variety stores.While no-one would claim that the high street faces an easy future, but its not all gloom and doom there are still retailers who are interested in the right town centre stores in the right locations, and implementing Mary Portas recommendations will ensure that more places are equipped to pull in both the shoppers and the shops.
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Business community welcome results of Fracking Enquiry
Posted on: 17/04/12
A report giving the green light to the use of hydraulic fracturing to extract shale gas has been welcomed by the business community.The process - also known as fracking - involves pumping water and chemicals into shale rock at high pressures to extract gas. It caused controversy last year after triggering two earthquakes near Blackpool, which led to the enquiry into whether the process should continue.The findings of a Government appointed panel indicate that there probably will be more tremors, but they are too small to do any structural damage above ground. The Department of Energy and Climate Change will now consult the report before issuing a firm set of regulations.Commenting on the publication, Rhian Kelly, CBI Director for Business Environment policy, said The Government has signalled that gas should play a big part in moving to a low-carbon economy, so it makes sense to explore new gas sources here, rather than increasingly depend on sources from elsewhere in the world.
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Eurostar report more passengers and increased revenues
Posted on: 17/04/12
Eurostar has reported growth in sales revenues and passenger numbers, demonstrating a strong start to the year.In the first quarter of 2012, sales revenues rose by 7 from £197m to £211m, and passenger numbers also saw an increase to 2.24m from 2.15m in the same period last year.Growth is thought to be fuelled by increases in leisure travel and business travel. In addition to enjoying Eurostars traditional destinations, passengers are looking to travel further afield by high speed rail.Nicolas Petrovic, Chief Executive of Eurostar, said The year got off to a strong start with sales revenues and passenger numbers on the up. Our core destinations continue to be a big draw for passengers but we have also seen particularly good take-up of our Amsterdam fares as passengers are increasingly keen to try out new leisure destinations by high speed rail. Eurostar is set to be a sponsor of the London 2012 Games, as a key transport provider for spectators.Mr Petrovic added We are gearing up for an exciting summer as the nation counts down to the London 2012 celebrations. Bookings for the June bank holiday weekend are looking strong with thousands of visitors coming to London to enjoy the unique pageantry of the Queens Jubilee. There is no doubt that London is set to have one of its most memorable years on record and we are looking forward to welcoming visitors from around the world to share in the experience.
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TTE form MoD training partnership
Posted on: 17/04/12
TTE Technical Training Group have formed a new partnership with the Ministry of Defence MoD, in a move which will allow them to continue to support ex-military personnel entering industry.The Middlesbrough-based training provider will now deliver accredited training and qualifications to support the retraining and upskilling of former forces personnel under the MoDs Enhanced Credits Learning Scheme ELC.The scheme will support lifelong learning amongst Armed Forces personnel in the oil and gas, process and manufacturing sectors, and will also provide financial support for a maximum of three years.Funding will be available for courses resulting in a nationally recognised qualification at level three of above on the National Qualifications Framework, level six or above in the Scottish Credit and Qualifications Framework or an approved international qualification of pursued overseas.Applicants must have completed four years of full time service and undertake learning with an approved education provider to be eligible.Steve Grant, Managing Director of the TTE Technical Training Group, said The Enhanced Learning Scheme is an excellent opportunity to support the transition of armed forces personnel into potentially long-term careers. One of the challenges facing a number of industry sectors is the percentage of the workforce that is coming up to retirement. Employers, with the support of organisations like TTE, are can address part of the issue through initiatives like the Enhanced Learning Credits Scheme and our recently introduced adult apprenticeship.Securing this accreditation is the latest commitment from TTE to supporting industry career aspirations of forces personnel. The organisation is currently delivering a 21-month adult apprenticeship for nine trainees to enter the process industry.Supported by SABIC UK Petrochemicals, Lotte Chemical UK Ltd, ConocoPhillips and Lucite International, the apprentices are working towards the Process 0610 qualification and an NVQ Level 3 qualification, at TTEs specialist training centre at South Bank, Middlesbrough and their sponsoring company.He added The standard of the trainees taken on the process apprenticeship is very impressive, which is a positive reflection of the benefits of working with people previously trained in the Armed Forces.
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£40bn of Northern potential must be unlocked
Posted on: 17/04/12
The UK economy is losing out on up to £40 billion pounds each year by failing to fully utilise the economic potential of Northern England.According to research by the Northern Economic Futures Commission, narrowing the difference in output by only 50 between the North of England and other English regions would be the equivalent to over £1,600 per English worker.The Commission, which is made up of a number of high profile business figures, academia and the public sector, argues that a greater focus on the Norths economic potential would bring benefits to the whole of the UK. Their findings indicated that the value of export goods, business investment in Research and Development and entrepreneurship rates are all growing faster in the North than in the South. Furthermore, business survival rates in the North have been significantly better than anywhere else in the country since 2008. According to Geoff Muirhead, chair of the Northern Economic Futures Commission, the North South divide has existed for too long, and is having a negative effect on the national economy which is desperate for growth.He commented Our Commission is convinced that we can unlock potential for vital growth in the North of England if government creates a more level playing field. So-called spatially blind policy-making has simply favoured short-term returns in London and the South East. The North doesnt need more hand-outs but a long-term economic strategy which recognises the differences between places and the need for more local approaches to skills, innovation and infrastructure.The report has also argued that if the Government were to properly address the unemployment problem in the North and brought it down to the England average, the Government could be £1.2 billion better off. Unemployment in the North currently sits at 9.9, in comparison to 7.9 across the rest of England.Ed Cox, Director of IPPR North and Deputy Chair of the Commission added In terms of sheer scale the North cannot be ignored. Twenty seven per cent of Englands working age population lives in the north but only contributes 23 per cent of national economic output. If the North was a country then it would rank as the 8th biggest economy in the EU, twice the size of Scotland and bigger than countries like Sweden and Denmark. If the national economy is to prosper the North needs to be performing strongly its in all our interests.
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£40m for UK cloud and software SMEs
Posted on: 17/04/12
The Government has launched a new Enterprise Capital Fund that will invest at least £40m in high-growth potential SMEs.£62.9m has already been committed to Notion Capital, the eleventh and largest Enterprise Capital Fund is supported by private investors. the Government and the European Invesment Fund EIF.It will target emerging, high-growth cloud computing and Software-as-a-Service companies.Business and Enterprise Minister Mark Prisk said It is absolutely vital that ambitious small firms can access the finance they need to expand and grow, and this new Enterprise Capital Fund will provide at least £40m of funding to viable UK high-tech businesses.Notion Capital is the largest Enterprise Capital Fund to date and will help a significant number of firms to grow and create jobs, boosting our economy.Rory Earley, CEO of Capital for Enterprise Limited added We have been very impressed by the ability of the Notion Capital team to bring to bear their extensive entrepreneurial and operational experience to enhance the businesses in which they invest.We are delighted that the team has reached first close with £62.9m in investor commitments. This result demonstrates the strength of the Enterprise Capital Fund programme and in particular the attractiveness of the Notion Capital fund.Enterprise Capital Funds were established to address a market weakness in the provision of equity finance to SMEs.Notion Capital has a pan-European focus and will invest at least £40 in the UK, which the Government says is the highest total investment guarantee of any ECF.Rory Earley, CEO of Capital for Enterprise Limited said We have been very impressed by the ability of the Notion Capital team to bring to bear their extensive entrepreneurial and operational experience to enhance the businesses in which they invest.We are delighted that the team has reached first close with £62.9m in investor commitments. This result demonstrates the strength of the Enterprise Capital Fund programme and in particular the attractiveness of the Notion Capital fund.
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Local website development company celebrates milestone
Posted on: 16/04/12
From humble beginnings, the first 12 months of Colin Harris Website Development tenure at their office on Queen Street in Amble has been nothing but an unprecedented success. The company provides website, internet and digital marketing services to businesses in the area and is proud to be part of the ongoing digital revolution in the UK.
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Local Photographer Celebrates Second International Win
Posted on: 16/04/12
North East based photographer Laura Jane Vest is celebrating a second high profile photography award this month. She has beaten over 6,300 world wide entries to take the Runner Up award in the Digital Photographer of The Year Awards.
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US Retail Sales offset Spanish woes
Posted on: 16/04/12
Despite continuing concerns surrounding the economic situation in Spain today, as evidenced by Spanish 10 year government bond yields rising above 6, market began the week in an upward fashion.
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Newcastle firm develop pioneering Parkinsons diagnosis pen
Posted on: 16/04/12
A Newcastle-based medical technology company has developed a special pen to help in the early diagnosis of Parkinsons disease.MANUS Neurodynamica Ltds sensory pen and software, analyses the control of motion in the nervous systems of patients, concentrating on upper limb and hand activity.By comparing patients handwriting patterns to those of healthy subjects, the technology could help to determine if an individual is suffering from Parkinsons, or another neurological disorder. A prototype is currently being trialled as part of a £1.4M European research project called DiPAR, which is led by MANUS and has secured funding with help from Enterprise Europe Network North East at The Centre for Process Innovation.Dr. Rutger Zietsma, director of MANUS and Technical Coordinator for DiPAR said The trials to date have showed clear differences between healthy controls and Parkinsons sufferers. For instance, Parkinsons sufferers move more slowly in tasks and their writing is significantly smaller.By providing clinicians with an easy-to-use tool for earlier diagnosis, one that can also distinguish between differing neurological disorders and that gives the neurologist a probability for each of the different impairments, we hope to improve patient monitoring. This will provide the best possible patient outcome and will help patients and carers to plan for the future.Although there is currently no cure, there are neuroprotective therapies in development and an early intervention will significantly improve patient care in the future, as regenerative treatment becomes available.The visible symptoms of Parkinsons are often only displayed up to seven years after the disease has developed, making it difficult to achieve a clear diagnosis before significant deterioration of motor function has taken place.
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1000 jobs secured through OGNs offshore wind funding
Posted on: 16/04/12
Oil and gas offshore construction firm OGN have been awarded a £640,250 grant by the Department of Energy and Climate Change for its move into offshore wind technology.The boost from DECCs Offshore Wind Component Technologies Development and Demonstration Scheme means the creation of up to 1000 long term jobs in the North East.It will fund the building of a prototype steel jacketed foundation, Triton, which will be designed and developed by sister company Aquind at OGNs Hadrian Yard site in Wallsend.
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Business trade summits taking place alongside London 2012.
Posted on: 16/04/12
Whilst the world is watching London in 2012 the government and its organisations are looking to put the spotlight on UK to promote the country abroad and encourage long term economic benefits.
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BP announce two Carbon Offset schemes.
Posted on: 16/04/12
BP have announced two schemes to offset carbon emissions as part of BPsnot-for-profit Target Neutral Scheme.
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Clegg ignores detrimental green policies, claim Civitas
Posted on: 16/04/12
Last week, Nick Clegg delivered a speech which aimed to dispel claims that environmental legislation was holding back industrial recovery.In the speech, entitled the myth green versus growth, the Deputy Prime Minister argued that we do not have to give up on the green economy in order to grow, and pointed out that countries powering away from the recession such as Germany, China and Brazil were all investing in low carbon industries. However, a new report from think-tank Civitas, suggests the UKs energy policy is causing the collapse of a successful British industry.The closure of the Lynemouth aluminium smelter examines the influence of Government policy decisions to move aluminium production elsewhere, using the Northumberland smelter as a case study.David Merlin-Jones, author of the report, has charted the downward spiral of British primary aluminium business as UK energy prices have risen unilaterally.The report highlights costs that British energy-intensive industries pay, that their rivals in other countries do not. The most recent addition to these costs is the carbon price floor, as total UK electricity costs in 2013 will be raised by 24 for energy-intensive sectors. By contrast, German energy-intensive businesses will only be paying 16 extra through government-added costs in the same period. Merlin-Jones explains that finding a buyer for the closed Rio Tinto Alcan plant was made difficult by rising energy bills, a future cost that no company would be prepared to absorbed.He also argues the Government has failed to provide a credible long-term energy policy, leaving companies unwilling to commit to UK production. In Iceland, Rio Tinto Alcan secured a 26 year electricity contract for its facility and will consequently invest US350m to modernise the plant and increase output by 20 a guaranteed forward security that is difficult to establish in the UK.In his speech, Mr Clegg said Were using the tax system - with our Carbon Price Floor and the Climate Change Levy.And, because not all companies can change to low carbon overnight, were helping traditional industries become more sustainable.One of the first areas UKGI will look at, for example, will be industrial energy inefficiency, making £100m available from this month.
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North East football coaching business still going strong
Posted on: 16/04/12
Football coaching is like no other business and after 15 years teaching children all over the North East, Euro-Camps UK shows no signs of calling full time. For those who want to emulate Newcastle United, Manchester United and Chelsea Euro-Camps UK can help.
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Group launch campaign to highlight worst Olympic sponsors
Posted on: 16/04/12
A group of environmental and human rights groups are launching a campaign focussing on the worst Olympic sponsors, called Greenwash Gold 2012.The group have identified The Dow Chemical Company, BP and Rio Tinto as three controversial Olympic sponsors, and will be awarding the Greenwash Gold Medal to one, based on the results of public voting.A launch event has brought together members of communities supposedly impacted by the operations of these companies, including a representative from the Gulf Coast which is dealing with BPs catastrophic oil spill, a mother from Utah fighting against air pollution caused by one of the mines from which Rio Tinto is providing the metal for Olympic medals, and a survivor of the Bhopal disaster, caused by Union Carbides chemical explosion.Meredith Alexander, ex Olympics ethics tsar who resigned over controversies surrounding Olympic sponsorship, will chair the launch.She said The Olympics are meant to be about so much more than how fast Usain Bolt can run or how many medals Britains finest athletes score. The modern Olympics was founded here in the UK to promote peace and understanding between the peoples of the world. The Olympic values are all about celebrating our common humanity. But the Olympics is also big business. There is an expensive machine behind the Games that is funded by corporate sponsors. Sadly when these sponsors are selected, money talks much more loudly than values. As an ex-member of the Commission for a Sustainable London 2012, I know first hand just how little scrutiny is allowed when sponsors are chosen. Greenwash Gold 2012 is a chance to turn this around by letting the public vote for the least ethical sponsor.Jess Worth, from the UK Tar Sands Network, said, BP has bought itself the prestigious title of London 2012 Sustainability Partner. But this is dangerous greenwash. BP is one of the least sustainable companies on earth, responsible for the Deepwater Horizon disaster and the extraction of highly-polluting tar sands. Its entire business is geared towards keeping the world addicted to fossil fuels and driving us towards uncontrollable climate change. And the Olympics are helping BP get away with it Colin Toogood, from the Bhopal Medical Appeal said The Dow Chemical Company are the owners of the Union Carbide Corporation wanted, in India, on the criminal charge of culpable homicide. The Bhopal disaster site has never been cleaned up and highly toxic chemicals are now found in the drinking water of over 30,000 poor people. If we can clean up the London Olympic site in readiness for the games, why cant Dow take responsibility for cleaning up Bhopal.
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FAB line up for NE Expo
Posted on: 16/04/12
One of the tallest men in sport has linked up with two of the biggest names in business networking in time for the North Easts largest free business to business event takes place next Wednesday 18thApril
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Increase in sales, new clients and new staff
Posted on: 15/04/12
A D Scott Consultancy of Blackhill, County Durham a hrefhttpwww.asbestosconsultancy.netwww.asbestosconsultancy.neta has seen a fantastic growth in their business. In the last fourteen months they have won new multi-international clients, increased their sales, expanded into a new office and employed five new staff.
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Lloyds, RBS and Barclays weight on UK market
Posted on: 13/04/12
The main news driving global markets lower today was from China, with investors learning that the worlds second largest economy had grown at a rate of 8.1 in the year to the first quarter of 2012. The figure is lower than the country is accustomed to and is weaker than the 8.3 that was anticipated and the 8.9 in previous 3 months, adding to fears that the country will experience a hard landing.
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Nomination deadline extended- Friday 20th April
Posted on: 13/04/12
Due to a significant number of requests we have decided to extend the nomination deadline for the sixth annual Nigel Wright North East Accountancy Awards to Friday 20th April.
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£640,000 Wind Farm Investment creates 1,000 jobs
Posted on: 13/04/12
A North East engineering firm is set to create up to 1,000 new jobs after receiving a Government grant to build the foundations for offshore wind farms.Offshore Group Newcastle were given a £640,000 grant to build the foundation structures, which will be designed for large wind turbine generators in water over 30 metres deep.Speaking to the Press Association, OGN chief executive David Edwards said We are delighted to have been selected for this grant. Government support is especially vital in the early stages of project development. The offshore wind energy market is crucial to Britains future energy needs and we will do our utmost to ensure that this grant takes the UK into an even stronger role as the lead player in this sector.The design and technology of the new foundations have the potential to reduce the costs of offshore wind foundations by at least 25, making wind energy a viable renewable energy source for the UK.Energy and Climate Change Minister Greg Barker said The coalition is determined to drive ambitious green growth and this is putting our money where our mouth is. This cash shows we are delivering on our commitment to support innovation and offshore wind.
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Feasibility studies to investigate future energy provision
Posted on: 13/04/12
Feasibility studies led by innovative small companies will stimulate innovation in power distribution and management of demand are to share government funding of £2m.30 studies will receive the funding from the Technology Strategy Board to conduct the first, exploratory phase of a new four-year programme to develop technologies to build a resilient energy system.All led by SMEs, the studies will demonstrate innovation in component design, software, demand side management, integrated systems and novel business or operational models. It seeks to address the challenge of building interdisciplinary supply chains and will focus on applied research to develop products from energy storage, through to virtual power plants and network infrastructure.Applied RD will also underpin and build on other energy related programmes at the TSB, and those of the organisations partners across in electric transport, offshore renewables and grids. Iain Gray, Chief Executive of the Technology Strategy Board, said If we are to truly move towards a more sustainable energy system, then we must take a systems approach where the business opportunity will be to integrate security, resilience and flexibility into the energy grid. We believe the Technology Strategy Board has a role to play in bringing different disciplines and markets together to ensure UK business benefits from these opportunities.All of the studies will deliver a tangible outcomes, including components, systems and business models. They will also demonstrate how their idea can reduce the costs of network reinforcement and upgrades associated with decarbonisation of power networks.
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Komatsu hold biggest European launch
Posted on: 13/04/12
Construction equipment manufacturer, Komatsu UK Ltd have have held their biggest European product launch in Birtley. Over 750 customers from 19 countries descended on the North East to see the range of new low emission machines. Komatsus Birtley facility was showcased to European customers who were given a taste of the North East including a lunch at Lumley Castle and overnight stay at the new Jurys Inn hotel in Gateshead.Peter Howe, said As this is the largest product launch that has taken place in Europe, we areimmensely proud that we were able to hold the event at our site, especially as this year we willbe celebrating our 25th anniversary since the official opening of the company in 1987 by HRHthe Prince of Wales. So, in many respects, the launch is also a tribute to all the staff who have contributed so well to the plant over those years.It was great to welcome so many important customers, who not only viewed our new productsand our manufacturing facilities, but also got a chance to test drive the new machines. During these difficult economic times, we were also delighted the local economy benefited from the influx of such a large number of influential people.To launch our new range of machines we were keen to bring customers to our site to helpus to establish a closer connection with the people that are key to our business. For over 90 years, Komatsu has led the industry in the development of innovative technologies. Innovation has always been at the core of Komatsus DNA. By listening to customers and understanding their operational needs, Komatsu has created an extensive range of construction equipment machines providing engineering solutions and products which are unique and unrivalled.I am confident our new products will be well received in the European Market, which will bringlong term benefits to our business.
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Education partnership signed with Malaysia
Posted on: 13/04/12
The Prime Minister has signed a new education partnership with Malaysia, which is supported by industry.UK-Malaysia Partners in Education agreement coincides with The Chevening Scholarships programme, which supports Malaysian students to study at UK universities and supported by BAE Systems.Dyson and Lloyds Register Education Trust are also supporting 19 new engineering scholarships at the University of Southamptons new camps in Malaysia.Universities and Science Minister David Willetts said The UK and Malaysia have a strong and long-standing education relationship which this agreement seeks to reinforce and further deepen. There are thousands of British trained graduates in Malaysia, from Prime Minister Najib downwards.More than 80 British institutions already have links with Malaysian counterparts and this number is set to grow in the coming year. We want to build on these links and explore the potential for new cooperation in skills development.More than 14,000 Malaysian students currently study at UK universities, with a further 58,000 students studying our qualifications in Malaysia. As part of Mr Camerons recent trade mission, he visited the University of Nottingham Malaysia Campus and was joined by Malaysian Prime Minister Datuk Seri Najib Tun Razak.
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Dickinson Dees lawyer wins top agricultural accolade
Posted on: 13/04/12
A North East lawyer has achieved the accolade of Fellowship of the Agricultural Law Association, and is one of only 54 people in the UK to do so.Elizabeth Allen is an Associate in Dickinson Dees Property Litigation practice specialising in rural and agricultural farming disputes, including tenancy matters, partnership disputes, and advising on all other property law issues such as easements, restrictive covenants and mineral rights on rural land.She commented ALA Fellowship is a badge of excellence in the sector that I amproud to have achieved I am very grateful to the partners at Dickinson Dees, who havesupported me in attaining this Fellowship.Elizabeth recently acted in a reported agricultural case, which established the rules relating to tenancy succession, and regularly appears in the County Court, the Agricultural Land Tribunal and in Arbitration.John Marshall, senior partner at Dickinson Dees said We are delighted for Elizabeth thather hard work and commitment has been rewarded with this prestigious Fellowship. To be one of less than 60 people to have attained this accolade in the whole country is a fantastic achievement.
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Businesses facing tax penalty fines through late submissions
Posted on: 13/04/12
Businesses who failed to meet the 31 January deadline for paper tax returns are being advised to contact their accountant to mitigate further financial difficulties.According to Peter Cronin of Clarkes Chartered Accountants in Gateshead, businesses who are considering submitting their forms late will face an automatic £100 penalty, plus a daily penalty of £10 per day. This could run up to a maximum of £900.However, as Mr Cronin explains, there is a possibility that fines can be mitigated. He said Visiting a chartered accountant to get your return filed on-line will avoid any daily penalties that have clocked up so far and moreover the daily penalties for online tax return submission do not start running until 1 May 2012.Peter adds that chartered accountancy firms will already be authorised as agents to file returns online so this also avoids the delay in waiting for an authorisation code to be issued while the penalty carries on increasing He says At 5 April the daily penalties would already have risen to £650. The fees an ICAEW chartered accountant would charge for the average tax return will be less than the penalties already incurred. Therefore, now is the time to get some professional advice to bring your affairs up to date. Getting peace of mind and saving money is a good combination
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QE3 hopes fuel markets after poor data
Posted on: 12/04/12
Markets continued yesterdays rally, mainly on the back of increased speculation that the US Federal Reserve would step in with further measures to aid the US economy. Evidence for this came in a variety of forms, not least the Federal Reserve themselves signalling that that US interest rates would remain low to support the recovering economy. It was backed dup by rhetoric form New York Federal Reserve vice chair Janet Yellen who commented that the Fed has a variety of options if it decided to instigate its third round of asset purchases, or quantitative easing, and stated that it is too soon to say whether the economy was out of the woods.
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Whats on this weekend 13 - 15 April
Posted on: 12/04/12
This weeks top pickField Music - Independent, Sunderland. Saturday April 14, 8pm. Tickets £10.Inventive North East outfit, Field Music, play a hometown gig this weekend as part of their current tour. Expect leftfield pop songs from at least four albums worth of material now amassed. Heralded as one best contemporary bands, Field Music have a style and direction that is completely their own, and will thrill fans of angular pop that takes in 70s glam, post-punk, together with unusual structures and deconstruction of melody. CinemaLa Harve - Tyneside Cinema, Newcastle. Sunday April 15, 3.55pm. Tickets £8, £6.95 concs.Set in the French harbor city which gives the film its name, La Harve follows Marcel Marx, a well-spoken bohenmian who works as a shoeshiner and discovers a young African refugee who is hiding. He takes pity on the boy and rallies friends and neighbours in order to send the boy refugee to relatives in London. The Daily Telegraph described it as having immense minor-key charm and channels director Aki Kaurismakis deadpan style. FamilyThe Great North Build - Hancock Museum. All weekend until April 14. Free admissionNewcastle Universitys interactive Lego exhibition looks for answers to societys big questions, such as how does a city plan for a growing and and ageing population You are encouraged to take part in the construction of a giant Lego town. Around 110,000 bricks will be used to create the mini-city which will continue to take shape over the course of the exhibition.Art AV Festival Julien Maire - The Hatton Gallery, Newcastle. All weekend. Free admission.The first UK solo exhibition by leading international new media artist Julien Maire. Responding to the festivals theme of slowness, Maire creates his own cinematic machines, often using obsolete technology, to reflect on memory and the passage of time. This exhibition includes working made since 1995, alongside brand new commissions.
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Supply chain funding initiative for Black Country
Posted on: 12/04/12
Black Country manufacturers are being urged to apply for part of a new £125m fund to support their work.The governments Advanced Manufacturing Supply Chain Initiative is a £125m pot, created through a successful bid for RGF from the Black Country LEP, together with partners in Coventry, Warwickshire, Greater Birmingham and Solihull and Liverpool City Region.Now businesses that are part of supply chains are being urged to come forward and bid for the funding.Stewart Towe, chair of the Black Country Local Enterprise Partnership, said We are delighted as a region to have secured the £25 million to support the development of the supply chain with our partners in Greater Birmingham Solihull, Coventry Warwickshire and Liverpool City Region. Black Country firms will be eligible, along with companies in the other three areas, to bid into this £25 million pot and Black Country companies can also bid into the additional £100 million fund available across the country.Full details of the scheme will be announced at a launch event at the ICC in Birmingham on April 27.Businesses will find out how the initiative will look to support existing supply chains while also encouraging new suppliers to set up in this country.Birmingham City Council will administer the fund, with registration and processing of applications undertaken by the Technology Strategy Board.
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SUMO extends global reach
Posted on: 12/04/12
A North East entrepreneur is taking his innovative calorie-burning drink global, after announcing a new deal with Australian based Amiral.The new agreement will mean that SUMO will now be available in Australian New Zealand, the Middle East and North Africa, bringing the number of territories stocking the groundbreaking beverage to 40. Distributor Amiral has already taken on dedicated staff to deal with demand. Richard Baister, managing director of SUMO came up with the idea of a drink containing ingredients specifically blended to boost the bodys metabolic function after 3 years of development. The product was launched in August 2011, and in the wake of the companys recent success, he has high hopes of continuing the drinks overwhelming popularity.
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UK power technology company secure Japanese operations
Posted on: 12/04/12
Loughborough University spin-out Intelligent Energy, have been awarded funding from the Japan External Trade Organisation.The power technology company is one of only ten global companies to have met strict JETRO funding criteria, as the announcement was made at the British Embassy in Tokyo, with David Cameron and the UKTI VVIP trade delegation.This is part of the New Growth Strategy, from the Japanese Government, which aims to promote establishment of high value-added business by global companies within Japan.JETRO has identified Intelligent Energy for its proven technology and business attributes, following the firms recent joint venture with Suzuki Motor Corporation to develop power technology for a range of mass-manufacture products.Making the announcement to the Prime Minister and UKTI delegation at the British Embassy in Tokyo, Phil Caldwell, Intelligent Energys Director of Corporate Development, commented This latest stage in Intelligent Energys expansion shows our continued rate of development from a British fuel cell technology company to a global power business. Were proud to have received recognition from both UK and Japanese Governments, underlining our ability to be a highly valuable technology partner to the worlds leading companies. Furthermore, it highlights the importance of our technology development as a major stimulant for growth in both the Japanese and UK economies.IE Japan will be led by Masataka Yamakawa, who takes the position of representative director, and is also director of Smile FC System Corporation, the 5050 joint venture company formed with Suzuki.Mr Yamakawa said The formation of IE Japan enables us to further increase the pace of commercialisation of our core power technology across motive, stationary power and consumer electronics markets.Our aim is to build on the solid foundations we have already established, such as our ongoing successes with Suzuki, and to repeat these achievements with other partners and customers in Japan.Professor Steve Rothberg, Loughborough Universitys Pro Vice Chancellor Enterprise, added The formation of IE Japan marks yet another milestone in Intelligent Energys unprecedented success. Were proud of the fact that Intelligent Energy remains so close to its origins, with the founding academics still at the heart of the company, a 225-strong workforce based on our Science and Enterprise Park and research collaborations ongoing.
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North East leisure properties in high demand
Posted on: 12/04/12
Pubs, bars and leisure properties are trading well on the North East market, despite the economic downturn.In the last quarter, Sanderson Weatherall LLP have reported a number of successful deals on leisure properties, including the Elgins site in Redcar, which was sold after just one day. Surveyor, Kevin McGorie, said We are witnessing a steady stream of activity from cash-readybuyers looking for reasonably priced, well-appointed properties in town locations across the region.Interest is coming from parties looking for alternative use opportunities from the re-developmentof former pub and bar sites, as well as smaller regional leisure operators looking to extend their local portfolios.The firm has also completed the freehold sales of a number of other sites in Ashington and Berwick-upon-Tweed, and are in the process of marketing properties in Gateshead.Kevin added Looking across the leisure market generally, 2011 was another tough year for the pub sector in particular. However, the rate at which sites closed did slow.Generally, operators are refocusing their offering and their environments to be in-line with current customer needs and many are now food-led and family orientated.
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From Geordie Shore to Newcastle United and PulmanVolkswagen
Posted on: 12/04/12
Just Out Marketing works alongside two major players in the North East.
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Networking established for Gloucestershire creative companies
Posted on: 12/04/12
Creative companies in Gloucestershire are being invited to the first networking event of the Creative Industries Forum.The Forum, which is one of 10 sector groups created by Gloucestershire Local Enterprise Partnership is holding the event at the inaugural Cheltenham Design Festival on April 20. Sir John Sorrell, chief executive of the London Design Festival, will present a question time session called Question Time Is there a future for designThe session will be chaired by Stephen Marston, Vice-Chancellor of the University of Gloucestershire and board member of Gloucestershires LEP. Donna Renney, Chair of the Creative Industries Forum and Chief Executive of Cheltenham Festivals, said There are some brilliant success stories among the creative industries in Gloucestershire but we found that they do not network on a regular basis. This is partly because the sector is very diverse covering a whole range of activities from film to architecture and partly because there is no contemporary hub in Gloucestershire for such networking. So, our first simple step in trying to develop Gloucestershire as a creative county and address some of the challenges is to identify all the creative businesses in Gloucestershire and to get those working in the sector talking to each other more regularly. Hence, our first event. It is particularly apt that the Question Time event at the Design Festival will address education because the matter of skills, retaining and attracting talent to Gloucestershire was also discussed at an early meeting. With my day job of Chief Executive of Cheltenham Festivals, I am delighted to be trying to help the creative industries become even more successful and celebrated in Gloucestershire. I hope you will support this initiative and look forward to seeing you on April 20. The Creative Industries Forum networking event will be held on April 20 at the Parabola Arts Centre in Cheltenham.
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Sony cuts 10,000 jobs
Posted on: 12/04/12
Electronics giant Sony is set to cut 10,000 jobs as part of a major reshuffle.In recent months, Sony has struggled to compete with other firms in the television business such as Samsung and LG, while Apple iPhones have challenged them in the telecommunications and audio spheres.On Tuesday the firm forecast record annual losses of 6.4 billion, double its previous estimate.Cuts will be made in the next 12 months in a number of areas including the companys joint venture in making flat screen displays. The firm now plans to focus on digital imaging, games consoles and mobile devices.The reorganisation will cost the firm £581 million during the next financial year. In an update on their website,Sony said By implementing a rapid decision-making approach that draws on the strengths of the entire Sony Group as One Sony, Sony aims to revitalize and grow the electronics business to generate new value, while further strengthening the stable business foundations of the Entertainment and Financial Service businesses.Alongside this, the firm laid out a number of key initiatives, including revitalisation of the television business, expanding business in emerging markets, creating new business and accelerating innovation and realigning business portfolio and optimizing resources.
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Advanced signs partnership agreement with Intuitive Business Intelligence
Posted on: 11/04/12
The Commercial Division of Advanced Business Solutions Advanced today announces that it has signed a partnership agreement with Intuitive Business Intelligence.
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Main Sponsor Announced
Posted on: 11/04/12
Perhaps it is because Glasgow based Spitfire Consultancy has direct links within our region, or perhaps it is because they like to support worthy causes. Either way, we are delighted that they have come forward as main sponsor of a charity GOLF EVENT we are helping to organise, and we thank them for that.
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Markets rise despite worrying Italian debt auciton
Posted on: 11/04/12
After heavy losses experienced during the risk-off trade yesterday, and a relatively shaky start to trading today, European indices gained ground through the afternoon to post respectable gains by the close. The FTSE 100 finished at 5634.7, a 40 point or 0.7 gain for the day, with the German DAX more than 1 higher and indices of southern Europe Spain and Italy appreciating by closer to 2.
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BT announce Accrington contact centre bringing 300 jobs
Posted on: 11/04/12
BT have announced plans to open a customer contact centre in Accrington, in autumn 2012, creating around 300 new jobs.Geoff Driver, leader of the county council, said Were obviously delighted that BT has recognised what Lancashire has to offer to businesses.
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US investment bank open UK office
Posted on: 11/04/12
A Boston-based investment bank have announced the opening on their London office, along with the addition of veteran technology banker Bruno Tourme to lead the European business.AGC Partners, are an emerging growth-focused investment bank, who have experienced strong expansion over the last two years, with offices in New York and Minneapolis.Ben Howe, CEO of AGC Partners, said We have always considered Europe as a key market, given the strength of its technology sectors, growing entrepreneurial culture and increased access to growth capital at all stages.London was always a clear target for us as the gateway to Europe, and we are delighted to have a proven and seasoned veteran in Bruno Tourme spearheading our efforts across the continent from this new office. He joins us from Bryan Garnier, a firm with which we have had a long-standing partnership and with which we will continue to partner in the future. Bruno will be in a strong position to leverage AGCs considerable platform and network of resources and relationships for the benefit of existing and future clients both in the U.K. and on the Continent.The firm is focussed on discovering and working with exciting emerging growth companies, helping them raise capital or execute MA transactions.
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Online high-street scheme piloted in Hereford
Posted on: 11/04/12
A new scheme to turn Britains high streets and independent shops into a single on-line retail force is being piloted in Hereford.OpenHighStreet combines the convenience of doorstep delivery with the quality and choice offered by local retailers, and if successful will be rolled out across the UK.It will also promote sustainable shopping as it allows consumers to lower their carbon footprint by removing the drive to the shops.The scheme allows shoppers to browse and purchase via an online version of their local high street as well as interact with each retailer. It also allows them to make one consolidated payment for all good to be delivered at a convenient time, or for collection from a central point.For the local retailer or producer, the benefits include access to nationally supported marketplace, backed by regional delivery franchises. The retailer notifies OpenHighStreet of inventory updates and special offers, fulfils the orders and prepares them for collection. More than 30 retailers in Herefordshire are interested in participating in the scheme which is being backed by big names such as Unilever, Inzenka, Sequoia, Pi3, Eziserv and the Governments Technology Strategy Board. The majority of Herefordshire will be incorporated into the pilot followed by neighbouring counties such as Worcestershire and Shropshire.Jonathan Bretherton, CEO of Hereford Futures, the group spearheading development in the city, said Hereford is about to go through a vigorous period of growth. Thanks to partnerships with the likes of Stanhope, it is just about the only UK city that has a new retail development being built in 2012. Visit Herefordshire is also ramping up the annual food festival. These initiatives, along with OpenHighStreet and Herefords successful discount Truffle card, illustrate how big business and smaller independents can work together to ensure the citys future prosperity.Richard Garnett, a member of the project team and a resident in Herefordshire, said This is an innovative and interesting opportunity for retailers and customers to celebrate local business, enjoy local produce and benefit from the convenience and service that most of us expect but seldom experience. The team behind this pilot are eager to see the reaction from retailers and customers across the county and comments can be left on the OpenHighStreet site.
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UK jobs safeguarded by major Airbus deal
Posted on: 11/04/12
Jobs have been safeguarded at Airbus plants in Flintshire and Bristol after a deal for 11 new aircraft has been sealed with Garuda Indonesia.The wings for the aircrafts are built at the Airbus plant in Broughton and are designed at a facility in Filton.Around 140,000 jobs are generated in the UK by Airbus wing work, directly as well as indirectly through supplier contracts.David Cameron announced the deal as part of his trade mission to East and South East Asia.Speaking to the BBC at Halim Perdanakusuma Airport, he said it was good news for the UK aerospace industry.Mr Cameron continued I think we need to recognise that so much of the power in the world is going to be to the South and to the East and we need to rebuild those relationships.Weve got a good standing here because were one of the largest investors into Indonesia, but we could be doing far better in terms of our exports and our sales.Thats why Ive packed a plane full of business people to come here to make those links to create those jobs and investment back at home.
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More efforts needed to combat energy prices
Posted on: 11/04/12
Forcing energy companies to be more transparent will not do the trick, say the think tank IPPR.The Deputy Prime Minister Nick Clegg has today announced changes which will require energy firms to tell customers about the most suitable tariffs for them, and to offer it if they request it. According to Mr Clegg, 70 of people currently pay too much for their energy and are on the wrong tariff.However, Will Straw IPPR Associate Director believes that the new reforms do not go far enough to ensure that all customers are given a fair deal.He said Fewer than one in six consumers switched provider and 60 per cent claim never to have switched. Switchers are likely to be younger, more connected and upwardly mobile consumers rather than poorer, older households at risk of fuel poverty. Comprehensive reform must ensure that every consumer gets a fair deal from their energy company, not just those willing or able to switch tariff.Analysis by the IPPR also indicated that in parts of the country some households were paying up to £330 more than they neighbours, despite using the same amount of fuel. This indicates that some firms fail to offer consumers tariffs which properly reflect the cost of energy.Mr Straw continued Tightening up the rules around tariffs so that the Big 6 are no longer able to use their oligopoly power to price out new entrants is one key reform. Ofgem must also crack down on firms found to be breaching their rules on cost reflectivity. Transparency alone will not do the trick.IPPR is now calling on the Coalition and energy regulator Ofgem to do more to remove anti-competitive practices in the energy market to encourage more competition between energy suppliers. Licensing requirements must also also be enforced to ensure that tariffs and cost-reflective, and must investigate suppliers who breach this.Later this month IPPR will publish a report into the efficacity of the energy market as a whole, and the implications this has for the cost of energy.
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£180m for SMEs addressing healthcare challenges
Posted on: 11/04/12
£180m of funding is available for innovative SMEs and academics to develop solutions to healthcare challenges.The Biomedical Catalyst is a key element of the Strategy for Life Sciences launched by the Prime Minister in December last year.Open from the end of April, it will accept promising ideas from sectors or disciplines that demonstrate the potential to provide significant positive healthcare and economic impact.It will support the development of innovative technologies emerging from partnerships between clinicians, academics and industry.David Cameron said The UK boasts a world-leading life sciences sector which is changing at an incredible pace. And Im absolutely committed to helping it widen its significant foothold in the global market.
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Continental Market Returns to Durham City Centre
Posted on: 10/04/12
Durhams hugely successful Continental Food Marketwill return to the Citys Market Place for four whole days from Thursday 12th to Sunday 15th April 2012.
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FTSE100 hits 2012 lows amid eurozone fears
Posted on: 10/04/12
The opening of equity markets this morning was first chance investors had to react to news that had emerged over the extended Easter break, the FTSE 100 closing on Friday at 5723.6. Whilst equity markets were closed for Good Friday, the US Bureau of Labor Statistics released payroll data that showed the economy had added 120,000 jobs during the month of March, considerably less than the 200,000 that were expected by economists. It broke a positive trend of employment data, and exacerbated fears that the worlds largest economy is more fragile than many may have presumed.
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UK benefits from £200 million Japanese Investment
Posted on: 10/04/12
Japan is to invest more than £200 million into the UK economy, in a move which is set to create almost 1500 jobs, whilst safeguarding thousands more.The Prime Minister David Cameron made the announcement on a UK trade delegation to Japan, in a move which is of huge significance to the UK economy. In 2011 UK exports of goods to Japan were £4.4billion up seven per cent on the previous year. Japanese inward investment was worth more than £26 billion, safeguarding over 130,000 jobs. Key proposals include investment in Nissans Sunderland plant to secure the production rights for an all-new hatchback model from 2014, a £2 million investment by Panasonic in a new fuel cell and development centre in Cardiff, and an £89 million investment for Edinburgh by Mitsubishi to scale up a new type of wind turbine generator. North East automotive manufacturer Calsonic Kansei has also received a £15.3 million investment, which will help them to create 145 new jobs and see the company expand its range of products.Councillor Paul Watson, the Leader of Sunderland City Council said We worked very closely with Calsonic Kansei to work up these proposals and were delighted to see this go ahead, creating a further 145 news jobs in Sunderland and the £15 million investment that goes with it. Its yet more good news on the jobs front for Sunderland after the recent announcements by Nissan, Vantec and SNOP.The Trade Minister Lord Green has also signed a Memorandum of Understanding with the Japan Bank for International Cooperation, to support increased infrastructure investment by Japanese companies into the UK, in support of the National Infrastructure Plan. The deals which have been announced further cement the strong relationship between the two nations, and It is hoped that Japanese companies with particular skills and attributes will now be able to contribute further to UK infrastructure investment.Lord Green said Bilateral trade with Japan is important for our future prosperity. These business announcements make the most of the world-leading skills and research and development that are present in the UK in sectors from renewable power to advanced engineering and electronics.I hope more UK companies will look to Japan as a good place to do business and more Japanese companies will consider investing in the UK.
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Supporting success with Investors in People JLES Group
Posted on: 10/04/12
JLES Grouphave released a new case study today sharing how Investors in People has helped them to achieve success, increase their client base and ultimatelyincrease profits.
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Supporting success with Investors in People JLES Group
Posted on: 10/04/12
JLES Grouphave released a new case study today sharing how Investors in People has helped them to achieve success, increase their client base and ultimatelyincrease profits.
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Entrepreneurs Forum Hall of Fame
Posted on: 10/04/12
A roll of honour that recognises some of the North Easts most successful entrepreneurs is set to grow as business people are inspired to nominate the latest generation of worthy winners.
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Entrepreneurs Forum Hall of Fame
Posted on: 10/04/12
A roll of honour that recognises some of the North Easts most successful entrepreneurs is set to grow as business people are inspired to nominate the latest generation of worthy winners.
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Further emissions targets could hamper business, say IoD
Posted on: 10/04/12
Minister of State for Energy and Climate Change, Greg Barker has suggested Britain should further increase carbon emissions reduction targets.Speaking on Radio 4s Today Programme, Mr Barker, said There is plenty of scope for us to increase that level of ambition and push up the carbon price and still do it in a way that is good for business and gives long-term certainty, but doesnt actually harm our competitiveness.He added the 2020 emissions target could be increased from 20 to 30 comfortably. Simon Walker, director general of the Institute of Directors, said The Governments environmental targets already impose a sizeable cost on business, at a time when everyone is working hard to get the economy growing. The reason the carbon price is low is that growth is still slow the price will rise as the economy recovers, but if Ministers try to increase it artificially they will strangle growth. Business needs to know that the framework Government has set out is reliable and fixed moving the goalposts will make our members lives a lot harder. British industry has got to compete with America and Asia, and higher emissions targets make that much more difficult to do.
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Decade of Success at Former Colliery Site
Posted on: 10/04/12
Phase 3 of Priority Sites Green Lane 100,000 sq ft warehouse and distribution hub is now fully occupied marking the successful end to over 10 years of phased former colliery site regeneration which has seen the creation and retention of some 600 jobs by the 16 companies who have invested into the developments.
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Decade of Success at Former Colliery Site
Posted on: 10/04/12
Phase 3 of Priority Sites Green Lane 100,000 sq ft warehouse and distribution hub is now fully occupied marking the successful end to over 10 years of phased former colliery site regeneration which has seen the creation and retention of some 600 jobs by the 16 companies who have invested into the developments.
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NECC welcome Nissan announcement
Posted on: 10/04/12
The North East Chamber of Commerce NECC have welcomed the announcement that Nissan UK will produce a new hatchback car at its Sunderland plant. The as-yet-unnamed model will now lead to the creation of around 225 jobs at the factory, along with a further 900 in the supply chain by 2014. The £127 million investment in the project has been supported by £8.2 million from the Governments Regional Growth Fund. Commenting on the announcement, NECC Chief Executive James Ramsbotham said Barely a month goes by without yet another exciting announcement from Nissan. I would like to congratulate the company and its incredible workforce on another major coup for the Wearside plant. The unparalleled level of performance from the Wearside workforce can only have served to convince Nissans senior management that Sunderland is the perfect place to oversee production of this new vehicle, coming hot on the heels of last months announcement that it had secured the new compact model.This news will provide good news for not only the local economy and Nissans North East supply chain, but for the UK automotive sector as a whole. Nissans impact on the regional economy is high, and for every person employed by the company, another four are supported in Nissans supply chain. The car manufacturer also recently announced that employment at the plant had reached a record high.Mr Ramsbotham added Todays announcement, couple with securing the Invitation, the Sunderland Plant set to launch Nissans first lithium-ion battery production facility outside Japan and preparations well underway for the start of Nissan LEAF production in 2013, the year ahead looks incredibly exciting for the company.
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Teesside Hair Extensions Business Expands Into Yorkshire
Posted on: 10/04/12
A multi-award winning Teesside hair extensions business has expanded into Yorkshire with the opening of its second retail store due to month-on-month growth.
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IiP Champion success for Platform People
Posted on: 10/04/12
a hrefhttpwww.i-dg.co.ukidgiipwp-contentuploads201009Platform-People.pdfPlatform Peoplea,based in Warrington, has been awarded with the prestigious title of Investors in People Champion -acknowledging theircommitment to improving performance through people.
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IiP Champion success for Platform People
Posted on: 10/04/12
a hrefhttpwww.i-dg.co.ukidgiipwp-contentuploads201009Platform-People.pdfPlatform Peoplea,based in Warrington, has been awarded with the prestigious title of Investors in People Champion -acknowledging theircommitment to improving performance through people.
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Nigel Wright NorthEast Accountancy Awards Nominations deadline approaching
Posted on: 09/04/12
Nigel Wright North East Accountancy Awards Nomination Deadline Approaching
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Government launches carbon capture and storage programme
Posted on: 09/04/12
Energy and Climate Change Secretary Edward Davey has launched a new competition for Carbon Capture and Storage CCS.The CCS Commercialisation Programme aims to drive down costs by supporting practical experience in the design, construction and operation of commercial scale CCS with £1bn capital funding.The DECC has also set out the first UK CCS Roadmap, which details the steps towards developing a world-leading CCS industry, including £125, funding for RD, planned long term Contracts for Difference through Electricity Market Reforms to drive investment in commercial scale CCS, and a focus on international engagement, particularly in sourcing knowledge from foreign projects.Edward Davey, Secretary of State for Energy and Climate Change said The potential rewards from Carbon Capture and Storage are immense a technology that can de-carbonise coal and gas-fired power stations and large industrial emitters, allowing them to play a crucial part in the UKs low carbon future.
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Does the National Careers Service go far enough
Posted on: 09/04/12
The Government has launched the National Careers Service, amid concerns over the effectiveness of helpline and website advice. The new service will provide information and advice for approximately 370,000 young people through a helpline and website, and offer face-to-face advice to 700,000 adults each year, in a range of locations.Skills Minister John Hayes, said With competition for jobs more fierce than ever, now is the time to introduce a careers service that will deliver on its promise.The National Careers Service, universally available to people at all stages of their careers, has the very best interactive tools on its website and the highest-quality advisers, committed to the noble cause of helping others fulfil their aspirations.Making available the right advice at the right time and in the right places is to strike a blow for social mobility, social cohesion and social justice - a society that encourages people from wherever they start to journey to the destination of their dreams.However, despite celebrity endorsements, many see the scheme as a poor alternative to the Connexions service which has been phased out since last year. Mark Ravenhall, NIACEs Director for Policy Impact, said NIACE is particularly concerned about young people between 16-19 years old, who are not yet eligible to take up the face-to-face offer. The impact of this is likely to be most acutely felt by those who have benefited least from their education to date and are in greatest need of help to establish a successful path to learning and work. NIACE would like to see access to career guidance as an integral element of emerging policy to tackle the issue of youth unemployment and to see colleges and training providers offering access to face-to-face provision for those who want it as an integral part of their programmes for this group.Malcolm Trobe, deputy general secretary of the Association of School and College Leaders commented ASCL remains concerned that this new service does not do enough to help young people or schools, which will have increased responsibility for careers advice come September. The government has missed the opportunity to put in place a truly comprehensive service which ensures that all young people are able to make the best career choices.Although the Careers Service provides a telephone helpline and a website, what is missing is access to impartial face-to-face guidance from a qualified professional. This is a necessity for many young people, particularly in a period of rising youth unemployment and with a bewildering range of routes towards further education and training.The DfE statutory guidance commits schools to a minimal level of provision without adequate resources, support or funding. ASCL has been working closely with the careers guidance associations to ensure that clear quality standards for independent providers are in place but in the meantime schools are left dependent on a free market of variable quality, without a clear means of distinguishing the cowboy outfits from high quality companies.ASCL strongly believes that the remit and funding of the National Careers Service should be extended to ensure that all services for under 19-year-olds meet the same quality standards as those for adults.Dr Neil Bentley, CBI Deputy Director-General, said We need to inspire people, especially young people, about career options and all the job opportunities that are open to them. Its a good idea to bring together high-quality, practical information on a national careers website, to help them make informed decisions about their future. But, for the NCS to be truly effective, it must have a programme of continuous engagement with businesses to ensure that impartial careers advice and guidance is always up-to-date and relevant.The business community has an appetite to play a bigger role CBI research shows that over half of companies want to be more involved in delivering careers advice.A statement from BIS said Schools will be required to secure independent, impartial careers guidance for their pupils and the Department for Education has published statutory guidance to help schools discharge this duty.
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Does the National Careers Service go far enough
Posted on: 09/04/12
The Government has launched the National Careers Service, amid concerns over the effectiveness of helpline and website advice. The new service will provide information and advice for approximately 370,000 young people through a helpline and website, and offer face-to-face advice to 700,000 adults each year, in a range of locations.Skills Minister John Hayes, said With competition for jobs more fierce than ever, now is the time to introduce a careers service that will deliver on its promise.The National Careers Service, universally available to people at all stages of their careers, has the very best interactive tools on its website and the highest-quality advisers, committed to the noble cause of helping others fulfil their aspirations.Making available the right advice at the right time and in the right places is to strike a blow for social mobility, social cohesion and social justice - a society that encourages people from wherever they start to journey to the destination of their dreams.However, despite celebrity endorsements, many see the scheme as a poor alternative to the Connexions service which has been phased out since last year. Mark Ravenhall, NIACEs Director for Policy Impact, said NIACE is particularly concerned about young people between 16-19 years old, who are not yet eligible to take up the face-to-face offer. The impact of this is likely to be most acutely felt by those who have benefited least from their education to date and are in greatest need of help to establish a successful path to learning and work. NIACE would like to see access to career guidance as an integral element of emerging policy to tackle the issue of youth unemployment and to see colleges and training providers offering access to face-to-face provision for those who want it as an integral part of their programmes for this group.Malcolm Trobe, deputy general secretary of the Association of School and College Leaders commented ASCL remains concerned that this new service does not do enough to help young people or schools, which will have increased responsibility for careers advice come September. The government has missed the opportunity to put in place a truly comprehensive service which ensures that all young people are able to make the best career choices.Although the Careers Service provides a telephone helpline and a website, what is missing is access to impartial face-to-face guidance from a qualified professional. This is a necessity for many young people, particularly in a period of rising youth unemployment and with a bewildering range of routes towards further education and training.The DfE statutory guidance commits schools to a minimal level of provision without adequate resources, support or funding. ASCL has been working closely with the careers guidance associations to ensure that clear quality standards for independent providers are in place but in the meantime schools are left dependent on a free market of variable quality, without a clear means of distinguishing the cowboy outfits from high quality companies.ASCL strongly believes that the remit and funding of the National Careers Service should be extended to ensure that all services for under 19-year-olds meet the same quality standards as those for adults.Dr Neil Bentley, CBI Deputy Director-General, said We need to inspire people, especially young people, about career options and all the job opportunities that are open to them. Its a good idea to bring together high-quality, practical information on a national careers website, to help them make informed decisions about their future. But, for the NCS to be truly effective, it must have a programme of continuous engagement with businesses to ensure that impartial careers advice and guidance is always up-to-date and relevant.The business community has an appetite to play a bigger role CBI research shows that over half of companies want to be more involved in delivering careers advice.A statement from BIS said Schools will be required to secure independent, impartial careers guidance for their pupils and the Department for Education has published statutory guidance to help schools discharge this duty.
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Employment law changes cause hire and fire concerns
Posted on: 09/04/12
Recent changes to employment law will not spark a hire and fire frenzy, suggests a director at the Recruitment and Employment Confederation.On Good Friday, the Government increased the qualifying period for protection from unfair dismissal from one to two years.Tom Hadley, Director of Policy Professional Services at the REC, says Employers want to recruit and retain good staff, anything else is costly and a waste of time and effort
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Employment law changes cause hire and fire concerns
Posted on: 09/04/12
Recent changes to employment law will not spark a hire and fire frenzy, suggests a director at the Recruitment and Employment Confederation.On Good Friday, the Government increased the qualifying period for protection from unfair dismissal from one to two years.Tom Hadley, Director of Policy Professional Services at the REC, says Employers want to recruit and retain good staff, anything else is costly and a waste of time and effort
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Employers need to know changes to employment law
Posted on: 08/04/12
April sees a number of changes to employment law coming into force in the UK. Here, Leon Deakin, employment associate at Thomas Eggar LLP sifts through the Coalition Governments rhetoric to provide a digestible summary of the Top 5 changes coming into force this April and exactly what they mean for employers.
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Employers need to know changes to employment law
Posted on: 08/04/12
April sees a number of changes to employment law coming into force in the UK. Here, Leon Deakin, employment associate at Thomas Eggar LLP sifts through the Coalition Governments rhetoric to provide a digestible summary of the Top 5 changes coming into force this April and exactly what they mean for employers.
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Firm Expands at Priority Sites Selby scheme
Posted on: 06/04/12
Since relocating toPriority SitesAbbey Courtdevelopment last year, specialist educational service provider The Skills Network has expanded so rapidly that the firm has just signed its second extra lease in 12 months and is now actively recruiting more employees.
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BSkyB declines on hacking news as FTSE gains
Posted on: 05/04/12
Shares in BSkyB were rooted firmly at the foot of FTSE 100 performers on Thursday as it revealed that its Sky News channel admitted to illegally hacking emails. Rumours surfaced in mid afternoon and the shares mysteriously started to decline further towards the close, despite a rebound at the time elsewhere. Eventually they closed 3.5 lower at 635.5p as Sky News announced officially that it had hacked emails of members of the public on at leasttwo occasions, including those of infamous canoe-man John Darwin. The revelations will heap further pressure on the Murdoch family and James in particular who resigned from his Chairmans position at the broadcaster just two days earlier.
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HMRC criticised for IT shut-down amid tax returns
Posted on: 05/04/12
The Forum of Private Business has criticised HMRC for shutting down its IT systems, just days before the end of the current tax year.HMRCs network will be affected from the close of play today until next Tuesday, but has said this will count as a sufficient excuse for late payment for those self-assessment, PAYE agents and customers trying to file tax returns.Forum chief executive Phil Orford, said Many firms will find it hard to understand why HMRC has chosen to do a major upgrade to its IT systems at such an important time of the year in the tax calendar. With regards VAT returns, if this shutdown does lead to problems and customers find they cannot file their returns on time, we would hope HMRC has put in place a plan and is ready to deal with the fallout quickly and efficiently for those affected. We know from our members own experiences in the past, however, that once a fine has been issued because of HMRC mistakes, it can take months and months of wrangling to sort out and for firms to be reimbursed. While HMRC says this is a routine shutdown and has been planned, it will come as little solace for those businesses which are affected. The fact it was only announced last week as well shows little understanding for the needs of businesses.Forum members have also criticised HMRCs short notice and timing of the network shutdown. Rachel Andrews, who runs Andrews Computers in Hemel Hempstead, said I make my living teaching people how to do this and supporting them through the process, and my diary has been booked with client appointments since January. HMRC announced this just last week. Where is the commitment from them to give us timely warning and fair notice This simply shows a spectacular lack of insight on their part. She added I think this is really unhelpful for business as it narrows the window when the submissions can be done, and means that it puts even more pressure on firms when they least need it. A large number of small businesses rely on a third party or their accountant to do this submission for them. The professionals cant work 247, though, and need to schedule clients in over the period from the end of March to the end of April. To schedule maintenance now just shows a lack of real world appreciation. HMRC needs to stop this stupidity and make a commitment to business owners to treat them fairly, and give fair warning of events like this, and to not close over busy periods. Mid-month, over the summer is fine there are no major deadlines after 19 July for P11D. Alternatively, why not close it in February when there are no major deadlines They wouldnt close it at the end of January because of self-assessment, so why April, when its payroll year-end
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Social Enterprise - Moving Forward
Posted on: 05/04/12
The term social enterprise seems to be on everyones lips at the moment. I myself have been adirector of a social enterprise called Tyne Gateway for over a year now. Tyne Gateway was initiallya collaborative project set up by North and South Tyneside Councils to combat child poverty in theNorth East. This project has now been spun-out as its own social enterprise, independent fromthe councils, having established the crucial networks so important for new business formation andfuture success.
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£22.5m Japanese investment for Sunderland
Posted on: 05/04/12
Freight and customs specialists Vantec Europe have announced a £22.5m investment in Sunderland, which will create 230 jobs by 2015.The Japanese company aim to expand global automotive logistics following a £2.7m RGF package, and this move represents the first Enterprise Zone development to get underway in the UK. Sunderland City Council have worked closely with Vantec on the RGF application, and the plans for expansion into 421,000 sq ft of building at Turbine Business Park.Akira Koyama, President of Vantec Corporation, said We are delighted to be investing in Sunderland and thank the UK government for supporting the project through the Regional Growth Fund. We would also like to thank Sunderland City Council for all the support we have received in planning this investment in the North East.Chancellor of the Exchequer George Osborne said Im delighted that Vantec are breaking ground on the NE Enterprise Zone, building on the success of Nissan in the area and cementing the export orientated manufacturing base of the region. Bringing new jobs and success to all parts of the UK is this Governments priority, and it is a great boost to Sunderland and the NE LEP to have Vantec on its Enterprise Zone. I wish the company and everyone involved the very best of success.
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Does the UK knowledge transfer model need revamping
Posted on: 05/04/12
The UKs model of knowledge transfer is actually restricting commercialisation, according to a leading expert.Ahead of the Innovation through Knowledge Transfer 2012 conference at the University of Bournemouth, Professor Mike Smith has set out the need for different thinking.He said Thinking purely in terms of knowledge transfer or exchange is part of the reason why the HE and private sectors in the UK so often struggle to work well together. In fact, the future lies in the co-creation of innovation. Because universities focus on what technologies or skills they can transfer to the private sector, this creates a trading relationship we sell, you buy. It is a sage on a stage model the academic expert bestowing their knowledge on a private sector audience.This model actually restricts effective commercialisation and is one of the main reasons knowledge transfer in the UK is hitting the buffers. If were to see the sector advance, universities and companies need to start identifying non-obvious, unmet needs and jointly create the innovation to fulfil them, developing relationships based on trust rather than trade.Professor Smith suggests that differing governance in the public and private sectors is fuelling the culture clash between the two.He says the risk averse nature of the public sector is hampering economic transformation.
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Does the UK knowledge transfer model need revamping
Posted on: 05/04/12
The UKs model of knowledge transfer is actually restricting commercialisation, according to a leading expert.Ahead of the Innovation through Knowledge Transfer 2012 conference at the University of Bournemouth, Professor Mike Smith has set out the need for different thinking.He said Thinking purely in terms of knowledge transfer or exchange is part of the reason why the HE and private sectors in the UK so often struggle to work well together. In fact, the future lies in the co-creation of innovation. Because universities focus on what technologies or skills they can transfer to the private sector, this creates a trading relationship we sell, you buy. It is a sage on a stage model the academic expert bestowing their knowledge on a private sector audience.This model actually restricts effective commercialisation and is one of the main reasons knowledge transfer in the UK is hitting the buffers. If were to see the sector advance, universities and companies need to start identifying non-obvious, unmet needs and jointly create the innovation to fulfil them, developing relationships based on trust rather than trade.Professor Smith suggests that differing governance in the public and private sectors is fuelling the culture clash between the two.He says the risk averse nature of the public sector is hampering economic transformation.
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Owning an e-reader makes you read more
Posted on: 05/04/12
Owning an e-reader such as Kindle - increases the amount of time people, and young people in particular, spend reading according to a new study published today.
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Owning an e-reader makes you read more
Posted on: 05/04/12
Owning an e-reader such as Kindle - increases the amount of time people, and young people in particular, spend reading according to a new study published today.
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CIMA welcomes new Executive Director to team
Posted on: 05/04/12
CIMA Chartered Institute of Management Accountants is delighted to announce the appointment of Penny McLoughlin ne Cooper as Executive Director Marketing, to its senior management team.
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CIMA welcomes new Executive Director to team
Posted on: 05/04/12
CIMA Chartered Institute of Management Accountants is delighted to announce the appointment of Penny McLoughlin ne Cooper as Executive Director Marketing, to its senior management team.
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Stocks tumble on fears lifesupport will be withdrawn
Posted on: 04/04/12
Global equities plunged on Wednesday, seeming to gain additional downward momentum as the day unfolded. The consensus view on why the decline occured generally focused on the US Federal Reserves March meeting minutes. No gloom was specifically highlighted but asset managers and market commentators spent much of the day discussing that further quantitative easing was not mooted.
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UK accounting software firm looks to Asia
Posted on: 04/04/12
London-based accounting software company Kashflow have announced their expansion into the Singapore market with cloud-based accounting software.The firm will become a recommended supplier of communications group SingTel, the largest comms company listed on the Singapore Exchange. SingTel is developing a hub for SMEs looking to adopt cloud solutions to gain a competitive advantage, and Kashflows software aims to simplify accounting processes for small business owners. Melioris, a financial IT solutions company across Asia, and headquartered in Singapore will partner with Kashflow to support services.
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Womens equal pay dispute with Sunderland Council continues
Posted on: 04/04/12
Sunderland City Council has lost the latest round of a long-running equal pay dispute, which could see workers get a multi-million pound payout. The Court of Appeal upheld the decision of Newcastle Employment Tribunal, which found that bonus payments of up to 50 for road sweepers, refuse workers and gardeners discriminated against more than 1,000 female cleaners, care workers, cooks and administrative assistants.In a statement, Sue Stanhope, director of Human Resources and Organisational Development at Sunderland City Council, said This employment tribunal case has not been concluded.This Court of Appeal decision relates to only one part of an ongoing three-part case, called Brennan and others.The city council is now considering this judgement. The other parts of the employment tribunal case are ongoing.There is no final or definitive figure for any possible compensation that the City Council may have to meet. Any subsequent compensation will require a remedies hearing.Paul Doran, of Stefan Cross Solicitors Limited, who acted for the women, said This is another important step on the long road of achieving justice for my clients. It is appalling that during these times of austerity the Council continues to incur huge legal costs by trying to defend the indefensible. The simple fact remains that we are now well into the 21st Century yet this huge employer in the North-East continues to treat women as second class citizens.He added that a Grade 4 Care Assistant working 30 hours a week could be in line for a total payment of £60,000 at the conclusion of the case.
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Study examines driver perceptions of electric vehicles
Posted on: 04/04/12
Drivers who switch to an electric vehicle, tend to be more thoughtful in the way they use their cars, a new study has found. Research carried out by Newcastle University, as part of the SwitchEV project, has shown that will an electric car, drivers will think twice about making unnecessary journeys, and are generally more environmentally conscious of the journeys they make. The team from Newcastle say this is an added benefit that further reduces the environmental impact of electric vehicles. However, the study also found drivers tended to make increased journeys to city centre locations, where public charging posts are sited.Phil Blythe, research lead and Professor of Intelligent Transport Systems at the University, said In an electric vehicle, drivers reported being very aware of the battery charge and this made them think twice about hopping in the car for a journey which they could perhaps walk or maybe combine with another trip out. However, we also found that drivers tend not to worry about range anxiety once they are familiar with the electric vehicle, as they trust the information the vehicles tell them about available range and plan journeys accordingly.Edmund King, AA president and visiting professor at Newcastle University added The recent fuel shortages have started to make many drivers think twice about the discretionary trips they make.This study shows that EV drivers are one step ahead and tend to cut out unnecessary journeys to preserve their battery charge. Once behind the wheel of an electric vehicle, range anxiety becomes a thing of the past and these EVs have a real chance of being part of our future.The study put drivers behind the wheel of electric cars and recorded their perceptions about the experience.One trialist commented I think theres four things for me which are best about the EV. The fact that it is zero emissions is great, the fact that it is very cheap to recharge it compared to refuelling an internal combustion engine ICE makes it really good, the EV is a really smooth drive, and I think along with everyone else, you get a really good feeling when you go downhill and see the battery is recharging.Drivers also reported feeling calmer and more in control in an EV, and even pride in driving a greener vehicle.Another said My last car was an Audi TT, the one before that was a Jaguar XK8 so we are used to putting the foot down and hammering off, and its been lovely, I have to say, to suddenly discover a new way, a new peaceful less stressed way of driving and we both actually thoroughly enjoyed it.Professor Blythe also added that a switch to electric vehicles resulted in safer driving. He said Because drivers were trying to conserve battery power, they didnt push their car and tended to stay well within the speed limit. The unintended benefit was one of improved safety, bringing down driving speeds.
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AXA begins sale of Bluefin Corporate Consulting
Posted on: 04/04/12
AXA, the global insurance and asset management company, have entered into an agreement to sell London-based Bluefin Corporate Consulting.The company, with offices all over the UK, will be sold to Capita plc for a cash consideration of £50m on cash-free, debt-free basis.It is expected the transaction will be complete in Q2 of 2012, following regulatory approval, and AXA will continue to keep the Bluefin trading name.Paul Evans, Group Chief Executive of AXA UK and Ireland commented Following the sale of the AXA Life business in 2010, and in particular the corporate pensions business, the consulting services offered by BCC are no longer aligned to our long term strategy and core lines of business. We are pleased to have entered into an agreement with Capita which will ensure that BCC and its customers benefit from the scale and market presence offered by becoming part of Capitas enlarged employee benefits operation. Bluefins other operations, including Bluefin Insurance Group, core to AXAs Commercial Lines operation, and Bluefin Personal Consulting, which provides wealth management services, do not form part of this transaction.
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Respondez Appoints Business Development Director
Posted on: 03/04/12
Leading north east contact centre, Respondez, has strengthened its sales and marketing team with the appointment of Luke Porter as Business Development Director.
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Respondez Appoints Business Development Director
Posted on: 03/04/12
Leading north east contact centre, Respondez, has strengthened its sales and marketing team with the appointment of Luke Porter as Business Development Director.
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CIMA Head highlights importance of Ethics in business
Posted on: 03/04/12
The Chartered Institute of Management Accountants CIMA has produced an animation tool to remind members and students about their obligations to comply with the institutes code of ethics and protect their professional standing.
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Half a million home working fund launched
Posted on: 03/04/12
A £500,000 fund has been secured to help businesses looking to take on new home-based employees in the North East.The Home Working Fund, managed by Entrust, will contribute up to £3,000 towards the costs of training and equipment for each new home-worker.During the initial phase of the project, the business services firm, has helped 12 companies to successfully access the fund and create over 220 jobs. Bob Travers, managing director of Vir2all, a home-based virtual call centre, comments With modern technology, our call handlers can operate anywhere irrespective of geography. Our future operating plans will require us to double our workforce and invest in a new hub to manage our expanding home working team.Philip Marley, managing director of Home Heating Solutions Ltd, commented Due to working hours being completely flexible and people being able to carry out work from the comfort of their own home, there is also a hugely positive impact on morale which in turn increases productivity. The Home Working Fund provides the assistance we require to keep up with the unprecedented demand we are experiencing.Director of VeryCheapHolidays.com, Nick Jackson also added We are delighted to have the opportunity to take part in this exciting project. Part of our USP is having the flexibility to offer home working positions to all staff that we recruit and employ. 5 to 9 working is a vital part of our service offer and enables us to stand out from High Street based competitors.Chief executive of Entrust, Dan Brophy encouraged businesses large and small to think about the benefits from increased productivity from home workers, and reduced overheads.
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Half a million home working fund launched
Posted on: 03/04/12
A £500,000 fund has been secured to help businesses looking to take on new home-based employees in the North East.The Home Working Fund, managed by Entrust, will contribute up to £3,000 towards the costs of training and equipment for each new home-worker.During the initial phase of the project, the business services firm, has helped 12 companies to successfully access the fund and create over 220 jobs. Bob Travers, managing director of Vir2all, a home-based virtual call centre, comments With modern technology, our call handlers can operate anywhere irrespective of geography. Our future operating plans will require us to double our workforce and invest in a new hub to manage our expanding home working team.Philip Marley, managing director of Home Heating Solutions Ltd, commented Due to working hours being completely flexible and people being able to carry out work from the comfort of their own home, there is also a hugely positive impact on morale which in turn increases productivity. The Home Working Fund provides the assistance we require to keep up with the unprecedented demand we are experiencing.Director of VeryCheapHolidays.com, Nick Jackson also added We are delighted to have the opportunity to take part in this exciting project. Part of our USP is having the flexibility to offer home working positions to all staff that we recruit and employ. 5 to 9 working is a vital part of our service offer and enables us to stand out from High Street based competitors.Chief executive of Entrust, Dan Brophy encouraged businesses large and small to think about the benefits from increased productivity from home workers, and reduced overheads.
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Spanish economic woes weight on European markets
Posted on: 03/04/12
Markets paused for breath this morning after the strong gains seen in the closing stages of yesterdays trade. The FTSE 100 opened slightly higher but it wasnt long before it dipped into negative territory, reaching new lows throughout the day to eventually finish 36.6points, or 0.62, lower at 5838. The German DAX and the French CAC were weaker by 1.05 and 1.62 respectively. The decline in the UKs index was led by banking stocks, with the UKs Barclays, Lloyds and RBS all losing more than 2.5.
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Business growth for financial services sector
Posted on: 03/04/12
Business volumes in the financial services have grown for the eighth consecutive quarter, prompting increased optimism in the sector.According to the latest CBIPwC Financial Services Survey, 44 of businesses questioned have witnessed an increase in business in the quarter to March, while 21 reported a fall, resulting in a balance of 23. This is double the long running average of 12 and is driven by business with private individuals. 34 of businesses now anticipate that growth will continue into the coming quarter, with work again coming from business with private individuals.These figures are reflected in the first rise in optimism in a year, to 32 and an unexpected increase in employment in the sector to 19. Ian McCafferty, CBI Chief Economic Adviser, said Financial services sales volumes and income continued to rise this quarter, putting the sectors recovery on a firmer footing. Optimism levels and business investment intentions have also improved, in contrast to last quarter as some of the worst risks around the euro area crisis have eased.The unexpected rise in employment is a further encouraging sign for the sector. But with the current level of business regarded as below normal, conditions remain relatively challenging for financial firms. The rise in incomes was driven by fee, commission, or premiums, with income from the value of net interest, investment or trading remaining flat at 3. Meanwhile, average spreads widened further this quarter to 11, building on 43 growth in the previous quarter. The growth in income more than offset the impact of the sharp increase in total costs, allowing profitability to rise more rapidly than in the previous three quarters.Mark Menton, director at PwC in the North East said More positive economic data and a slightly more stable environment in the eurozone mean that banks are much more confident about their sector. This confidence is translating into recruitment with many banks reporting that they plan to increase headcount over the coming months. Banks are also planning to invest in their businesses, particularly in their digital offerings, and customers should reap the rewards of this.As has been the case over the last year, companies continue to cite uncertainty about demand and inadequate net return as the factors most likely to limit capital expenditure over the next twelve months. The number of firms highlighting the shortage of labour as a significant constraint increased this quarter.Level of demand and competition continued to be the two most significant factors likely to constrain business expansion in the coming twelve months.
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Business growth for financial services sector
Posted on: 03/04/12
Business volumes in the financial services have grown for the eighth consecutive quarter, prompting increased optimism in the sector.According to the latest CBIPwC Financial Services Survey, 44 of businesses questioned have witnessed an increase in business in the quarter to March, while 21 reported a fall, resulting in a balance of 23. This is double the long running average of 12 and is driven by business with private individuals. 34 of businesses now anticipate that growth will continue into the coming quarter, with work again coming from business with private individuals.These figures are reflected in the first rise in optimism in a year, to 32 and an unexpected increase in employment in the sector to 19. Ian McCafferty, CBI Chief Economic Adviser, said Financial services sales volumes and income continued to rise this quarter, putting the sectors recovery on a firmer footing. Optimism levels and business investment intentions have also improved, in contrast to last quarter as some of the worst risks around the euro area crisis have eased.The unexpected rise in employment is a further encouraging sign for the sector. But with the current level of business regarded as below normal, conditions remain relatively challenging for financial firms. The rise in incomes was driven by fee, commission, or premiums, with income from the value of net interest, investment or trading remaining flat at 3. Meanwhile, average spreads widened further this quarter to 11, building on 43 growth in the previous quarter. The growth in income more than offset the impact of the sharp increase in total costs, allowing profitability to rise more rapidly than in the previous three quarters.Mark Menton, director at PwC in the North East said More positive economic data and a slightly more stable environment in the eurozone mean that banks are much more confident about their sector. This confidence is translating into recruitment with many banks reporting that they plan to increase headcount over the coming months. Banks are also planning to invest in their businesses, particularly in their digital offerings, and customers should reap the rewards of this.As has been the case over the last year, companies continue to cite uncertainty about demand and inadequate net return as the factors most likely to limit capital expenditure over the next twelve months. The number of firms highlighting the shortage of labour as a significant constraint increased this quarter.Level of demand and competition continued to be the two most significant factors likely to constrain business expansion in the coming twelve months.
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Treasury didnt see crisis coming report reveals
Posted on: 03/04/12
HM Treasury have published a review into their handling of the financial crisis, and the lessons learnt.Although the report does not go into finite detail, but admits the Treasury, like other institutions, was under-resourced at the time. In candid interviews, two Senior Treasury officials revealed their frustration at levels of staffing, and resources.One said In retrospect, we did not gear up nearly enough. We should have had five teams and 100 people, not two teams with 30. Another commented From July 2008 to January 2009, I was working 7am to 10 or 11pm seven days a week, with no let-up thereafter. I felt under extraordinary pressure from July-October. I often had only three to four hours sleep, but always went home. I was constantly asking for more people. The review suggests that peak staffing in 2009 should have come earlier, in the summer of 2008, to adequately equip the institution. Following the collapse of Northern Rock in the autumn of 2007, the review also highlighted the team assembled to respond to the challenges were not experienced in banking, and the majority of staff were forced to learn on the job.Commenting on the review, Sir Nicholas Macpherson, Permanent Secretary to the Treasury, said Im very grateful to Sharon and her team for their work over the past six months. This report will help the Treasury learn the lessons of its handling of the financial crisis which started five years ago and ensure the department has the right capability to fulfil its duties in relation to financial services in the future.In her forward to the review, civil servant, wrote Looking ahead, the Treasury will need deeper expertise generalists with greater experience and some financial sector specialists if it is to play an effective role in the new regulatory arrangements. This may necessitate a different career path for such professionals that takes them between the Treasury and outside financial institutions and regulators. It may also require stronger incentives for staff with experience to remain at the Treasury for longer. This in turn will mean tackling organisation-wide issues, most notably high turnover and low pay relative to the rest of the public sector.
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DWF merge with Buller Jeffries for Midlands strength
Posted on: 03/04/12
Business law firm DWF have announced a merger with insurance specialists Buller Jeffries, in a move to secure the Midlands legal services market.As specialists in insurance litigation and with experience of dealing with major specialist cases, Buller Jeffries has successfully earned a reputation for managing cases with strategic, sensitive or reputational issues. As Buller Jeffries becomes formally incorporated into DWF on May 1, the merger is set to reinforce DWFs presence in Birmingham.
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Intellectual Property seminars for SMEs launched
Posted on: 03/04/12
A new series of free business support events for SMEs has been launched today in Liverpool by the Intellectual Property Office IPO and Companies House. Get It Right - First Time is aimed at business owners looking for help with protecting their Intellectual Property and understanding the responsibilities as a first-time director.The joint venture between the IPO and Companies House will be hosted by experts from both offices.IPO will present a variety of seminars that will run through the basics of IP what it is, why it is important, how to protect it and then how to exploit it commercially. The seminars will also support business owners and managers, including information about the incorporation process and how to use the many tools and resources provided by Companies House.Baroness Wilcox, Minister for Intellectual Property said These events are enormously helpful for directors who have little or no experience of protecting their IP, or are new to being directors.Having run my own business, I know how starting up your own company can be a daunting experience and I am delighted that we can offer directors free support and expert guidance on two key areas of their business.I hope that many directors will sign up for these events and use the experience to grow their companies.The series coincides with the publication of From ideas to growth Helping SMEs get value from their intellectual property, an IPO paper.The paper sets out IPO plans for improving access to the knowledge and support that will help firms maximise the value of their intellectual property assets, and develop strategies to manage them effectively. SMEs, business advisers and representative bodies are invited to talk to the IPO, to discuss these plans further.
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Minimum 12 months for apprenticeships, as NE recruits
Posted on: 03/04/12
Apprenticeships will last for a minimum of 12 months to improve training and workplace learning, Skills Minister John Hayes has announced. New standards will come into force for all age groups from August 2012, as apprenticeships for those aged 19 and over will last between one to four years unless prior learning or attainment has been recorded, and apprenticeships for all 16-18 year-olds will last a minimum of 12 months without exception.Mr Hayes said The momentum we have created by building the apprenticeship brand has brought about unprecedented success for the apprenticeship programme.The majority of apprenticeships are the gold standard in vocational training. They boost individuals life chances and build the skills that drive growth.
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Retailers must innovative say PwC
Posted on: 02/04/12
North East retailers need to be innovative in order to survive market challenges and increase valuations, experts have said. PwC in the region have released the latest Valuations Index which reveals the UK retail sector is now a mature market, not having grown in real terms since 2002.The firm suggests innovation will be critical to retailers growth prospects, and less innovative firms will fare worse. Jonathan Greenaway, partner at PwC in the North East, said Some retailers in the region have responded well to the market challenges and their prospects for growth are somewhat better, due to their focus on product and channel innovations such as a successful online strategy or international expansion. In these cases, the use of higher profit multiples when making valuations may be justified. Companies on the high street have found their core business is increasingly pressurised by online retailers and supermarkets, and with huge fixed cost bases in their store networks, there are no obvious or quick fixes to resolve these issues.Ian Logan, Valuations director at PwC in the North East, added We would normally expect profit multiples for retailers to rebound after a recession as market sentiment improves. While this may be the case for some top-performing players, prospects for real growth are limited in what is a hugely competitive marketplace. This means that investors interested in buying a retail business should take care that their valuation is properly aligned with the growth prospects of the business.
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Tyneside hydraulics firm host elected Mayor
Posted on: 02/04/12
Tyneside-based hydraulic products manufacturer has been visited by elected Mayor of North Tyneside, Linda Arkley.It was part of the Elected Mayors year-long programme of visits to local businesses, an initiative to help boost the regions economic and business growth. Quick Hydraulics, a member of NOF Energy, has been providing hydraulic engineering expertise for 35 years. During the visit, Mrs Arkley toured the workshop and met with a number of skilled technicians and support staff, including new apprentices Corey Nelson and Bethany Henderson.Mrs Arkley said It has been fascinating to find out about the highly-skilled and technical work that goes on at Quick Hydraulics and a delight to meet some of its workforce.I was also especially interested to hear about its bold and ambitious plans for the future, to maximise emerging opportunities in the hydrocarbon and renewable energy sectors, bringing with it growth and new jobs.North Tyneside Council will do all that it can to support Quick Hydraulics in its continued success.Andrew Esson, Quick Hydraulics Managing Director, said The Elected Mayor was very impressed with the growth we have achieved at Quick Hydraulics and the plans we have for the future. We are very proud to be based in North Tyneside, which has such an important role to play in the local, regional and national economy through its strong links with industry, particularly the offshore energy sectors.Joanne Leng, Director Business Development at NOF Energy, added Quick Hydraulics is one of a number of companies in North Tyneside that are leaders in their fields in the energy sector supply chain. The Elected Mayor has always been very supportive of the energy sectors and understands the benefits local companies in the supply chain have on the economic future of the region.
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Tyneside hydraulics firm host elected Mayor
Posted on: 02/04/12
Tyneside-based hydraulic products manufacturer has been visited by elected Mayor of North Tyneside, Linda Arkley.It was part of the Elected Mayors year-long programme of visits to local businesses, an initiative to help boost the regions economic and business growth. Quick Hydraulics, a member of NOF Energy, has been providing hydraulic engineering expertise for 35 years. During the visit, Mrs Arkley toured the workshop and met with a number of skilled technicians and support staff, including new apprentices Corey Nelson and Bethany Henderson.Mrs Arkley said It has been fascinating to find out about the highly-skilled and technical work that goes on at Quick Hydraulics and a delight to meet some of its workforce.I was also especially interested to hear about its bold and ambitious plans for the future, to maximise emerging opportunities in the hydrocarbon and renewable energy sectors, bringing with it growth and new jobs.North Tyneside Council will do all that it can to support Quick Hydraulics in its continued success.Andrew Esson, Quick Hydraulics Managing Director, said The Elected Mayor was very impressed with the growth we have achieved at Quick Hydraulics and the plans we have for the future. We are very proud to be based in North Tyneside, which has such an important role to play in the local, regional and national economy through its strong links with industry, particularly the offshore energy sectors.Joanne Leng, Director Business Development at NOF Energy, added Quick Hydraulics is one of a number of companies in North Tyneside that are leaders in their fields in the energy sector supply chain. The Elected Mayor has always been very supportive of the energy sectors and understands the benefits local companies in the supply chain have on the economic future of the region.
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Durham firm nets contract with national energy provider
Posted on: 02/04/12
County Durham-based 0800 Repair Gas Services have won a national contract with ScottishPower.The Chester-Le-Street firm have signed up to manage heating sales and installations across the UK on their behalf. 30 new engineers will build the successful gas services division of 0800 Repair, as the company strive towards their target for a £25m turnover in five years. Phil Pallister, MD of 0800 Repair Gas Services said We are thrilled to work with such a prestigious energy firm and this is testament to the skills and experience of all our staff andour passion for delivering an industry leading customer service.Our gas repair and installation division is growing rapidly and we are hoping to build on our ScottishPower contract win and secure further contracts to drive business growth particularly in the renewable sector.All this will work will be managed from our Headquarters in Chester Le St and it will help us achieve our goal of a £25m turnover by 2017 and builds on our reputation as one of the largest professional appliance repair companies in the UK.Michael Hutchinson, New Business Development Manager at ScottishPower added We were really impressed with the service offered by 0800 Repair Gas Services particularly the reliability and quality of their work. They are gaining a great reputation across the UK for excellence in customer services and we were delighted to choose them as our preferred partner to help drive our gas heating sales and installations.0800 Repair Gas division is part of Pacifica Group, and employ more than 160 staff with a national network of sub-contractors and employed engineers as well as franchises across the UK.As well as the County Durham site, the company has a distribution and repair centre in Elland, West Yorkshire, an IT centre in Surbiton, Surrey, and call centres in Chester-Le-Street and Rotherham.
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Durham firm nets contract with national energy provider
Posted on: 02/04/12
County Durham-based 0800 Repair Gas Services have won a national contract with ScottishPower.The Chester-Le-Street firm have signed up to manage heating sales and installations across the UK on their behalf. 30 new engineers will build the successful gas services division of 0800 Repair, as the company strive towards their target for a £25m turnover in five years. Phil Pallister, MD of 0800 Repair Gas Services said We are thrilled to work with such a prestigious energy firm and this is testament to the skills and experience of all our staff andour passion for delivering an industry leading customer service.Our gas repair and installation division is growing rapidly and we are hoping to build on our ScottishPower contract win and secure further contracts to drive business growth particularly in the renewable sector.All this will work will be managed from our Headquarters in Chester Le St and it will help us achieve our goal of a £25m turnover by 2017 and builds on our reputation as one of the largest professional appliance repair companies in the UK.Michael Hutchinson, New Business Development Manager at ScottishPower added We were really impressed with the service offered by 0800 Repair Gas Services particularly the reliability and quality of their work. They are gaining a great reputation across the UK for excellence in customer services and we were delighted to choose them as our preferred partner to help drive our gas heating sales and installations.0800 Repair Gas division is part of Pacifica Group, and employ more than 160 staff with a national network of sub-contractors and employed engineers as well as franchises across the UK.As well as the County Durham site, the company has a distribution and repair centre in Elland, West Yorkshire, an IT centre in Surbiton, Surrey, and call centres in Chester-Le-Street and Rotherham.
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Students challenged to submit world leading ideas
Posted on: 02/04/12
A competition to encourage undergraduates and recent graduates to establish world leading, market defining companies and brands has been launched.RBS, LinkedIn and Find Invest Grow, a venture capital firm focused on the student and recent graduate market have launched EnterprisingU, an initiative open to any student or graduate of the past five years with the drive to start and succeed in business.
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Students challenged to submit world leading ideas
Posted on: 02/04/12
A competition to encourage undergraduates and recent graduates to establish world leading, market defining companies and brands has been launched.RBS, LinkedIn and Find Invest Grow, a venture capital firm focused on the student and recent graduate market have launched EnterprisingU, an initiative open to any student or graduate of the past five years with the drive to start and succeed in business.
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North East businesses given case for elected mayors
Posted on: 02/04/12
North East business leaders heard from Minister for Cities Greg Clark MP, and Lord Andrew Adonis on why Newcastle should have an elected mayor.As part of the Yes to Mayors campaign, Mr Clark and Lord Adonis outlined the case for Newcastle, suggesting that most of the democratic world had adopted the elected mayor model, and that Newcastle needs to be competitive in a global marketplace.Mr Clark said that through his experience in Whitehall, he recognised the city was one of the countrys best kept secrets and that it spoke with a whisper, when really it should be speaking with a roar.He commented Increasingly, Newcastle is in competition with Frankfurt, Milan and Bangalore, we need to have a Mayor to stand up and speak for the city around the world. Also nationally, the Prime Minister has said he is going to form a cabinet of big city mayors. We know that by the end of this year its quite likely that most of Britains big cities will be sat around the cabinet table, and it is crucial for Newcastle that they should be at that table. Former Leader of Newcastle City Council, David Faulkner presented the case against elected mayors and what he saw as a forced referendum on the matter. He highlighted the North East as having fantastic examples of civic leadership under the current system, which he said while not perfect, was not broken. Mr Faulkner was critical of what he called the personality contest creeping into politics, and suggested the elected mayor model was divisive in this. He said he saw no real added value in changing the system, and that he was troubled by the constant analogy of London, which is wholly different to Newcastle. He also encouraged assembled members of the Chamber to look at the results council leaders had achieved, not at the spin, as the powers enjoyed by Boris Johnson over fire and police were not on the table. Lord Adonis suggested the system could lead the way for wider metro-mayors, responsible for the wider region, which was a point endorsed by Mr Faulkner, who said the region needed to break the deadlock of parochialism. Mr Clark pointed out that city mayors could wield soft powers, exercising leadership beyond the their elected areas. He suggested Boris Johnson had extended influence over outlying authorities because he was seen as a legitimate spokesman, and that he saw no reason for a similar model not to work in the North East. In a follow-up question and answer session, businesses quizzed Mr Clark and Lord Adonis as to whether the changes could be guaranteed not to raise overheads. To this, the pair reaffirmed that a mayor would replace the chief executive of the council.
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CBRE sells former Sheffield bank
Posted on: 30/03/12
Acting on behalf of a private client, the Agency team at CBRE in Sheffield has completed the sale of 5,687 sq ft former Grade II listed bank building on Leopold Street, Sheffield for £500,000.
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Humber economy set for £200m boost
Posted on: 30/03/12
The Humber economy is set to experience an economic boost worth £200m, coming into effect from Sunday.As £150m of debt is written off, the Humber LEPs two Enterprise Zones will come into effect, with a package of incentives worth over £50m to potential investors.The debt write-off will enable tolls to be halved for cars, with similar reductions for other vehicles, and the Humber LEP is the only LEP in the country to have two Enterprise Zones.Humber Zones cover 16 sites, including Green Port Hull, the Able Marine Energy Park, the BAE Systems site at Brough and the Port of Grimsby East.Incentives to investors include Enhanced Capital Allowances on plant and machinery worth £50m to support up to £500m of investment, and discounted business rates worth up to £275,000 per company. Simplified fast-track planning will also be introduced on many sites over the next few months, as the Enterprise Zones are designed to attract investment in renewable energy.Lord Haskins, Chairman of the Humber LEP, said From this month the Humber has a largepackage of financial incentives to offer potential investors on a range of excellent sites, and a skilled and capable workforce that is now more mobile thanks to the reduced tolls on the Humber Bridge.In less than a year the Humber has won a Government stimulus of nearly £250m, based on a clear proposition for growth. That is something many parts of the country would be envious of. It shows what a united Humber can achieve by working together towards a common goal. This is a model we need to repeat time and again to make the most of the outstanding potential we have to grow our economy.Later this year, the region will benefit from Round 2 of the Regional Growth Fund, with £25m won by Hill City Council and East Riding of Yorkshire Council and £10m won by North Lincolnshire Council and the Growing Places Fund, with £8.7m to be invested by the Humber LEP.
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Humber economy set for £200m boost
Posted on: 30/03/12
The Humber economy is set to experience an economic boost worth £200m, coming into effect from Sunday.As £150m of debt is written off, the Humber LEPs two Enterprise Zones will come into effect, with a package of incentives worth over £50m to potential investors.The debt write-off will enable tolls to be halved for cars, with similar reductions for other vehicles, and the Humber LEP is the only LEP in the country to have two Enterprise Zones.Humber Zones cover 16 sites, including Green Port Hull, the Able Marine Energy Park, the BAE Systems site at Brough and the Port of Grimsby East.Incentives to investors include Enhanced Capital Allowances on plant and machinery worth £50m to support up to £500m of investment, and discounted business rates worth up to £275,000 per company. Simplified fast-track planning will also be introduced on many sites over the next few months, as the Enterprise Zones are designed to attract investment in renewable energy.Lord Haskins, Chairman of the Humber LEP, said From this month the Humber has a largepackage of financial incentives to offer potential investors on a range of excellent sites, and a skilled and capable workforce that is now more mobile thanks to the reduced tolls on the Humber Bridge.In less than a year the Humber has won a Government stimulus of nearly £250m, based on a clear proposition for growth. That is something many parts of the country would be envious of. It shows what a united Humber can achieve by working together towards a common goal. This is a model we need to repeat time and again to make the most of the outstanding potential we have to grow our economy.Later this year, the region will benefit from Round 2 of the Regional Growth Fund, with £25m won by Hill City Council and East Riding of Yorkshire Council and £10m won by North Lincolnshire Council and the Growing Places Fund, with £8.7m to be invested by the Humber LEP.
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Bdaily speaks to North Tyneside Mayor Linda Arkley
Posted on: 30/03/12
Elected Mayor for North Tyneside, Mrs Linda Arkley visited Bdaily to talk about her involvement in the Business First scheme in the area. Throughout 2012 Mrs Arkley will visit businesses in North Tyneside to find out how they are faring in the current economic climate, their plans for growth and any other business-related issues they wish to raise.
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Bdaily speaks to North Tyneside Mayor Linda Arkley
Posted on: 30/03/12
Elected Mayor for North Tyneside, Mrs Linda Arkley visited Bdaily to talk about her involvement in the Business First scheme in the area. Throughout 2012 Mrs Arkley will visit businesses in North Tyneside to find out how they are faring in the current economic climate, their plans for growth and any other business-related issues they wish to raise.
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Dickinson Dees advise on £4.25m deal
Posted on: 30/03/12
Dickinson Dees have advised Anpario plc on the £4.25 million acquisition of Meriden Animal Health.Worksop based Anpario is a major supplier of natural high performance additives to enhance health, growth and sustainability in global agriculture and aquaculture markets. The acquisition of Meriden will now help Anpario to broaden its product technology and market share in the feed additive sector.Meriden specialises in natural animal feed additive products, and the Orego-Stim range is a leading brand across 60 countries worldwide.The Dickinson Dees team was led by Newcastle-based partner Jamie Pass and Matthew Smith, an associate in the firms Yorkshire office.Jamie Pass said We are delighted to assist Anpario with all the legal work needed for this significant deal. The acquisition of Meriden is another important chapter in Anparios success story and it was a privilege to be involved.Meriden have ten full-time staff in the UK and Malaysia, and typically supplies through distributors in local territories except Australia where the company has a joint venture comapny.The Chinese market accounted for 26 of the firms total sales during 2011, and continues ot grow well . Anpario now intends to give further support to this relationship in a bid to capitalise on the vast potential of the Chinese agricultural market. Richard Edwards, Executive Vice Chairman of Anpario, commented The corporate team of Dickinson Dees delivered first-class legal advice for us, enabling us to complete the acquisition of Meriden with maximum efficiency and minimum fuss. We would like to thank the team for their excellent efforts.In line with Anparios strategy, Meriden will be run as a separate business enabling the team to focus on selling and marketing high quality feed additive products around the world. Joining Anpario means Meridens management team will gain additional support and can benefit from working together with Anparios research and development resource to develop new and innovative products for sale under the Meriden brand.Richard Edwards added Meridens significant presence in China increases our involvement in the worlds biggest producer of poultry and pig meat and reinforces our strategy to build moresignificant positions in emerging agriculture and aquaculture markets. We are delighted to welcome the Meriden team and very much look forward to working with them in achieving continued success with the business.
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Dickinson Dees advise on £4.25m deal
Posted on: 30/03/12
Dickinson Dees have advised Anpario plc on the £4.25 million acquisition of Meriden Animal Health.Worksop based Anpario is a major supplier of natural high performance additives to enhance health, growth and sustainability in global agriculture and aquaculture markets. The acquisition of Meriden will now help Anpario to broaden its product technology and market share in the feed additive sector.Meriden specialises in natural animal feed additive products, and the Orego-Stim range is a leading brand across 60 countries worldwide.The Dickinson Dees team was led by Newcastle-based partner Jamie Pass and Matthew Smith, an associate in the firms Yorkshire office.Jamie Pass said We are delighted to assist Anpario with all the legal work needed for this significant deal. The acquisition of Meriden is another important chapter in Anparios success story and it was a privilege to be involved.Meriden have ten full-time staff in the UK and Malaysia, and typically supplies through distributors in local territories except Australia where the company has a joint venture comapny.The Chinese market accounted for 26 of the firms total sales during 2011, and continues ot grow well . Anpario now intends to give further support to this relationship in a bid to capitalise on the vast potential of the Chinese agricultural market. Richard Edwards, Executive Vice Chairman of Anpario, commented The corporate team of Dickinson Dees delivered first-class legal advice for us, enabling us to complete the acquisition of Meriden with maximum efficiency and minimum fuss. We would like to thank the team for their excellent efforts.In line with Anparios strategy, Meriden will be run as a separate business enabling the team to focus on selling and marketing high quality feed additive products around the world. Joining Anpario means Meridens management team will gain additional support and can benefit from working together with Anparios research and development resource to develop new and innovative products for sale under the Meriden brand.Richard Edwards added Meridens significant presence in China increases our involvement in the worlds biggest producer of poultry and pig meat and reinforces our strategy to build moresignificant positions in emerging agriculture and aquaculture markets. We are delighted to welcome the Meriden team and very much look forward to working with them in achieving continued success with the business.
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Bids submitted for Portas Pilot towns
Posted on: 30/03/12
Towns across the country have submitted their applications to become Portas Pilots as the Government announces it will accept virtually all the recommendations put forward in the Portas review.A raft of new incentives are expected to be announced by Ministers, including funding schemes and removal of bureaucracy. In what Ministers are referring to as Portas Plus, a new package of help will include a multi-million pound High Street Innovation Fund, kick started by £10m of taxpayers money focussed on bringing empty shops back into use a £1m Future High Street X-Fund, which will be awarded to the locations which deliver the most creative and effective schemes, and a £500,000 fund for Business Improvement Districts, to help town centres access loans for set-up costs.In response to the massive interest, a further round of Portas Pilots to trial some of Marys recommendations and to drum up new ideas will also be launched.Minister of State for Housing and Planning said Today, Im accepting virtually all of the recommendations from Mary Portass review but Im also going that one step further, offering a Portas-Plus deal, with a range of measures designed to help local people turn their high streetsinto the beating hearts of their communities once again.Mary Portass review made crystal clear the stark challenge our high streets face. With Internet shopping and out-of-town centres here to stay, they must offer something new if they are to entice visitors back.Her report has provided the catalyst for change that many towns have been craving. I now want to see people coming together to form their own town teams and turning their creative ideas into reality to ensure their high streets thrive long into the future.Martin Blackwell, chief executive at the Association of Town Centre Management, said We all recognise that the high street in 10 or even five years will be radically different to that we see today. This governments approach, shown in the response to Marys report, is giving local communities the opportunity to shape the future High Street they want to see in their town.Responding to the first recommendation in the review, Mr Shapps said he wanted to see hundreds of town teams made up of key players in the local area including the council, local landlords, business owners and local MPs being formed and mobilised across the country to drive forward the necessary change.Mr Blackwell will encourage town teams to consider how their high streets can become the beating heart of the community and how they can work with councils to use the forthcoming new powers to offer local business rate discounts.He will also outline how they can stimulate a vibrant evening economy by encouraging local shops to open later and how they can make more imaginative and exciting use of public spaces. Government commitments to help councils revoke unnecessary and archaic byelaws through a new streamlined process, reforms to current planning rules for conversion of above shop space into flats and a consultation on abolishing centrally-set minimum parking charges, will also be announced.
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Whats on this weekend March - April 1
Posted on: 29/03/12
This weeks top pickNational Learn to Play Day. - The Bunker, Sunderland. Saturday March 31. All day.The Bunker opens its doors, along with thousands of musical instrument shops across the UK, to offer free instrument taster lessons to the general public as part of National Learn to Play Day. Free lessons are being offered on a variety of instruments, supported by staff at The Bunker and additional guidance on getting started learning to play music. Spaces are limited, so anyone interested in having a go should apply by contacting The Bunker via email on infobunkeruk.com or by calling 0191 5671777.CinemaThe Hunger Games - Tyneside Cinema, Newcastle. Saturday March 31, 8pm. Tickets £8 £6 conc. Based on the first novel in the bestselling The Hunger Games trilogy by Suzanne Collins, this action adventure is set in a post-apocalyptic North America, divided into 12 districts. Each year, the districts must select two teenagers by lottery to compete in The Hunger Games a brutal televised battle to the death. ArtWatercolor Gems - The Laing. Until June 2012. Some of the biggest names in British watercolours of the 18th and 19th centuries are included in the Laings display from the collection. Watercolours by Thomas Girtin, JMW Turner, John Sell Cotman and David Cox demonstrate the atmospheric effects of light and weather which made British watercolours famous.FamilyClassics - The Centre for Life, Newcastle. All weekend. Tickets £10 family, £5 adult, £3 children.Lifes classic hands-on exhibits including the sound mirrors, magnet table, flying mirror, giant lens and other favourites for you to rediscover.
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Whats on this weekend March - April 1
Posted on: 29/03/12
This weeks top pickNational Learn to Play Day. - The Bunker, Sunderland. Saturday March 31. All day.The Bunker opens its doors, along with thousands of musical instrument shops across the UK, to offer free instrument taster lessons to the general public as part of National Learn to Play Day. Free lessons are being offered on a variety of instruments, supported by staff at The Bunker and additional guidance on getting started learning to play music. Spaces are limited, so anyone interested in having a go should apply by contacting The Bunker via email on infobunkeruk.com or by calling 0191 5671777.CinemaThe Hunger Games - Tyneside Cinema, Newcastle. Saturday March 31, 8pm. Tickets £8 £6 conc. Based on the first novel in the bestselling The Hunger Games trilogy by Suzanne Collins, this action adventure is set in a post-apocalyptic North America, divided into 12 districts. Each year, the districts must select two teenagers by lottery to compete in The Hunger Games a brutal televised battle to the death. ArtWatercolor Gems - The Laing. Until June 2012. Some of the biggest names in British watercolours of the 18th and 19th centuries are included in the Laings display from the collection. Watercolours by Thomas Girtin, JMW Turner, John Sell Cotman and David Cox demonstrate the atmospheric effects of light and weather which made British watercolours famous.FamilyClassics - The Centre for Life, Newcastle. All weekend. Tickets £10 family, £5 adult, £3 children.Lifes classic hands-on exhibits including the sound mirrors, magnet table, flying mirror, giant lens and other favourites for you to rediscover.
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Nationwide UK house prices decline 1 in March
Posted on: 29/03/12
UK house prices suffered their most significant monthly fall in over two years in March, asNationwide announced that prices were lower by 1 on the month, on a seasonally adjustedbasis. The news came as a surprise to most economists, who had anticipated a small increase inprices following a 0.4 appreciation in February. Analysts have highlighted the ending of a stampduty holiday for first time buyers of homes costing up to £250,000 as a factor in the house pricedepression.
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Koru secure £2.3m building contract
Posted on: 29/03/12
Koru Property Services have a won a £2.3 million contract to build a health centre in Gateshead, creating 30 jobs in the process.The firm will completely reconfigure the Gateshead NHS Health Centre, which currently houses Bridges, Millennium and Central Medical Groups. The work on Prince Consort Road is now expected to last until spring 2013.Mark Taylor, co-director for Koru Property Service, said We are delighted to once again play afundamental role in the regeneration of Gatesheads town centre.This healthcare contract follows the completion of Felling Health Centre in August 2011 for NHSSouth of Tyne and Wear. In line with the Trusts expectations, we are confident that we will handover the new facility on time and well within budget.Koru are now expanding thanks to a number of contract wins, and will now begin to refurbish the existing premises, overhauling existing heating and electric systems. The investment will help to improve the centres energy efficiency, and the addition of a 400 square metre extension will provide the practice with eight extra GP consulting and nurse treatment suites, as well as an onsite pharmacy. Peter Todd is capital projects manager for NHS South of Tyne and Wear, working on behalf ofGateshead Primary Care Trust PCT. He added The refurbished premises will provide the people of central Gateshead with a modern, spacious environment which will enable high quality services to be delivered now and into the future.This development, in conjunction with the new facility at Trinity Square in Gateshead town centre will provide a step change in terms of the quality and availability of health services in the area.Koru is the firm responsible for the construction of the sustainable Gateshead Citizens Advice Centre on Swan Street. Complete late last year and constructed using 52 shipping containers, the building marked the start of the regeneration of Gateshead.Tony Henderson, co-director, Koru Property Services concluded The continuing redevelopment of Gateshead marks an optimistic future for the area, in terms of benefiting the local community as well as drawing people to the area.Koru Property Services has been involved in a number of regeneration focused projects inGateshead and as a forward-thinking local company we take great pride in working towards making the area a great place to work, live and visit.
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Bdaily speaks to Ashley Evans of ETN
Posted on: 29/03/12
Bdaily spoke to Ashley Evans, chief executive of the Electronics Technology Network, ahead of the organisations event with North East universities, which aims to showcase research agendas and innovations to industry delegates.
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Intermediaries must be aware of Breedon Report propsals
Posted on: 29/03/12
The Breedon Report may fail if more is not done to educate intermediaries on the funding support available to SME clients, according to a new report.Touch Financial made these comments following the publication of the Breedon Report into alternatives to bank finance for SMEs. While the recommendations have been welcomed, Simon Carter, director of Touch Financial is now calling on the Government to work closely with banks, professional accounting bodies and advisors to accelerate the adoption of invoice finance, or face the risk of undoing good intentions.He commented We have been here before when the Government decided it would oblige banks to lend as part of Project Merlin.At the time we said that Government and perhaps some of the banks missed a huge opportunity to promote the value of invoice finance as a viable alternative to the traditional overdraft that so many businesses were being refused.One of the key recommendations of the report is for the banks to ensure that they recognise the powers they have within their own subsidiaries to help clients with access to invoice finance - or risk running into difficulties.Now at last invoice finance is on the agenda, but to what extent it is championed will be dictated by the understanding of the product by those in a position to promote it. Simon continued. And in our experience, that understanding is not at the levels it needs to be to really help SMEs with their current funding issues.Research by Touch Financial also indicated that one in six small businesses have had their overdraft facility removed without being offered an alternative. For many this is the is only form of cashflow available. Mr Carter said Removing or restructuring an overdraft is understandable in certain cases.Removing an overdraft without offering an alternative, however, is somehow more difficult to explain or excuse.In the handful of cases where businesses were offered alternatives, 10 were offered loans, 10 invoice discounting, and 5 factoring. Perhaps of more concern, however, was the lack of knowledge of where to go to seek further adviceAt a time when the Governments re-organisation of Business Links appears to be in disarray, it is now up to the banks and accountants to provide much more leadership in terms of helping small businesses, Simon concludes.
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FES supply Xcite Energy with fluid Swivels -NorthSea
Posted on: 29/03/12
FES International, a global supplier of fluid transfer systems for the offshore industry has been commissioned to supply North Sea oil exploration and development company, Xcite Energy, with a bespoke swivel system.
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Iconic Midlands designs focus of Birmingham Made campaign
Posted on: 29/03/12
Design and brand guru Alasdhair Willis is backing an initiative to showcase iconic designs created in Birmingham.IDEA Birmingham, the business think tank, led by Birmingham City University, has brought together a group of influential business leaders to promote brands and products under the theme Birmingham Made Me - The Original Design City.The project is set to be unveiled in the first week of April with an eye-catching, city-wide poster campaign, and almost 200 sites have been earmarked to promote the Design EXPO and Awards due to be held 15-22 June at The Mailbox.Mr Willis, the man behind David Beckhams new Bodywear range and global consultant for Adidas, has created the campaign messaging and design.Designs such as the Land Rover Defender, AGA Range cooker, Pashley Clubman bicycle and Brooks England saddles and new hybrid supercar concept the Jaguar C-X75, are being held up as world-beating innovations from the Midlands. Beverley Nielsen, director of Employer Engagement at Birmingham City University, said These, and a great deal more, will be on view at Birminghams first design EXPO in well over 100 years.The campaign has the support of Birmingham City Council and JCDecaux to promote the message. Willis, husband of Stella McCartney, has been supporting the work of Beverley Nielsen and colleagues at Birmingham City University, together with Stuart Kendall, strategy partner at Cogent Elliott, one of the largest advertising agencies outside London.Mr Kendall said It has been tremendous to work with Alasdhair and his team at Announcement Creative on the Birmingham Made Me campaign. We are so lucky that he has invested this time and energy into developing this focussed and beautifully-executed campaign. We need to accelerate our joint efforts to drive more business success and growth through increased collaboration. Targeting international markets, opening up new partnerships between business and education, focussing business into new opportunities for knowledge transfer with our great university institutions and gaining a greater reputation for our design excellence can make great strides in moving our region forward.IDEA group includes business leaders such as Ian Callum, director of design at Jaguar, who is the Founder Chairman, William McGrath, Group chief executive at AGA Rangemaster, Glenn Howells of Glenn Howells Architects, Adrian Williams, managing director of Pashley Cycles, Charles Morgan of Morgan Motor Company, Steven Green of Brooks England, Emma Bridgewater, other key Midlands brand leaders and Aston University.
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UK Growth revised lower in 2011
Posted on: 28/03/12
The UK Suffered a surprise revision to economic growth in the last quarter of 2011, with GDP nowestimated to have contracted 0.3 against a previous reading decline of 0.2. This took the annualrate of growth to 0.5, with the Office for National Statistics highlighting the key driver as a weakservices sector.
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Private employers not interested in ex-public sector employees
Posted on: 28/03/12
Private sector firms remain reluctant to take on ex-public sector workers and believe Government job creation initiatives have done nothing, new research from Barclays has shown.The results of the Barclays Job Creation Survey 2012 show the majority of firms plan to create new jobs this year, although many private companies remain uninterested in ex-public sector candidates. 670 executives of businesses of all sizes were questioned, and 58 of companies planned job creation over the next 12 months, compared with 57 last year. Almost a third of companies would not consider employing ex-public sector workers, with 35 stating that they were not at all interested in employing public sector workers that had lost their positions through Government spending cuts, up from 32 in 2011.Expected job creation had declined among larger companies, with 70 suggesting they would in 2012, as opposed to 85 in 2011.In contrast, small businesses showed more confidence with 51 planning to create jobs compared with 41 last year. Of those who were creating roles, 82 planned to create middle management or skilled labour jobs, while 59 plan to create unskilled jobs and 21 will create senior management positions.Ian Stuart, Managing Director, Corporate Banking, Barclays, said It is good to see smaller companies in particular more confident around creating new positions than they were last year. There is also more confidence amongst larger firms around investing in jobs in order to grow sales, rather than waiting for sales to increase before hiring people, which is hopefully a sign of increasing investment within the corporate sector in 2012.The research also showed that businesses were sceptical around how equipped public sector workers would be if they were to take on roles in the private sector.A third of businesses believe public sector workers will be quite well equipped and another 18 feel those coming from the public sector would not be equipped with the right skills for their organisation.Mr Stuart added There is still a disconnect between public sector workers and private sector employers, with a persistent element of mistrust of the former by latter. This is something that needs to be challenged directly if we are to have a fluid employment market place that allows people to move between the public and private sector easily, bringing the best of both worlds to their roles.
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Private employers not interested in ex-public sector employees
Posted on: 28/03/12
Private sector firms remain reluctant to take on ex-public sector workers and believe Government job creation initiatives have done nothing, new research from Barclays has shown.The results of the Barclays Job Creation Survey 2012 show the majority of firms plan to create new jobs this year, although many private companies remain uninterested in ex-public sector candidates. 670 executives of businesses of all sizes were questioned, and 58 of companies planned job creation over the next 12 months, compared with 57 last year. Almost a third of companies would not consider employing ex-public sector workers, with 35 stating that they were not at all interested in employing public sector workers that had lost their positions through Government spending cuts, up from 32 in 2011.Expected job creation had declined among larger companies, with 70 suggesting they would in 2012, as opposed to 85 in 2011.In contrast, small businesses showed more confidence with 51 planning to create jobs compared with 41 last year. Of those who were creating roles, 82 planned to create middle management or skilled labour jobs, while 59 plan to create unskilled jobs and 21 will create senior management positions.Ian Stuart, Managing Director, Corporate Banking, Barclays, said It is good to see smaller companies in particular more confident around creating new positions than they were last year. There is also more confidence amongst larger firms around investing in jobs in order to grow sales, rather than waiting for sales to increase before hiring people, which is hopefully a sign of increasing investment within the corporate sector in 2012.The research also showed that businesses were sceptical around how equipped public sector workers would be if they were to take on roles in the private sector.A third of businesses believe public sector workers will be quite well equipped and another 18 feel those coming from the public sector would not be equipped with the right skills for their organisation.Mr Stuart added There is still a disconnect between public sector workers and private sector employers, with a persistent element of mistrust of the former by latter. This is something that needs to be challenged directly if we are to have a fluid employment market place that allows people to move between the public and private sector easily, bringing the best of both worlds to their roles.
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Deadline looms for Portas Town applicants
Posted on: 28/03/12
Towns across the UK have until the 30th March to bid for their share of £1 million to help them boost their ailing High Street and become a Portas Pilot. In the wake of a review led by retail expert Mary Portas, the Government launched the scheme to help 12 struggling towns to revive their high street. In her report, Portas made 28 recommendations on what can be done to improve them, including business rate concessions, town teams to champion high streets and penalties for negligent landlords. However, there are some concerns that the scheme could be undermined due to lack of funding.Rod Wilkinson, associate partner at KPMG, Newcastle said Portas has sparked the imagination of many retailers and communities as well as putting the challenge of managing local conflicting agendas and rivalries squarely on their shoulders. Exactly how the scheme will be measured is yet to be clarified. But in spirit this concept of local community teams working together to come up with innovative ways to improve the high street is exactly what is needed and could be a first step to bringing some of Britains high streets back from the brink.In light of the monumental scale of the challenges high street champions are facing, Wilkinson is worried that a share of £1 million will not go far enough. In order to ensure that the the scheme is successful, he is now encouraging the Government to revise the allocated funding.He added Without it these local communities are likely to struggle to make innovative changes.The recent collapse of a number of high profile retailers including Game, Blacks, La Senza and Peacocks also illustrate the need for upheaval on the High Street. The culmination of persistently suppressed consumer spend, large rent bills and huge debt facilities is a toxic cocktail that many retailers in this region and others are unable to recover from, and Mark Firmin, KPMGs Northern head of restructuring believes that a change from quarterly to monthly rents could help many retailers.Firmin commented Moving to monthly rents can be a huge relief to a struggling retailer but, for many, their property portfolios are completely out of synch with their sales. While we have seen company voluntary arrangements used to restructure property portfolios since 2008, there have been few high profile CVAs in the past year. In the case of stressed and distressed businesses this is usually because a companys problems run too deep for a property portfolio fix.Certainly the Portas review has raised the profile and understanding of the issue but financial support to the tune of thousands is unlikely to help those retailers that are beyond redemption.
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Energy Efficient businesses should be rewarded say Utilitywise
Posted on: 28/03/12
The Government should consider rewarding energy efficient businesses, as well as simplifying red tape, according to an energy and utilities consultancy.This week the Department for Energy and Climate Change have launched a consultation into the CRC Energy Scheme CRC, which targets emissions from large public and private sector organisations.The consultation documents will include proposals to streamline and simplify the scheme for businesses delivering energy efficiency objectives, whilst also making compliance easier and cheaper for participants. However, Utilitywise are concerned that simplification could mean that green firms who have already invested heavily in carbon offsetting will effectively have to pay twice.
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£60,000 boost for new gym concept
Posted on: 28/03/12
The North Easts first no frills fitness club is coming to the region, thanks to a £60,000 investment from the Finance for Business North East Fund.Brothers Paul and David Pearson have opened the first OneGym is Bishop Auckland, which will offer users access to fitness equipment without costly add-ons like swimming pools, saunas and fitness classes they dont necessarily want to use.The new venture has created 7 jobs, and the Pearson brothers now hope to expand the concept to other parts of the region. They have plans to open a second premises by the end of 2012, eventually expanding to 10 centres across the North East.The pair chose the location in the centre of Bishop Auckland due to the towns population size and lack of similar facilities in the surrounding area. A similar business model has already proved to be a success in the US and Europe, with membership costs kept significantly below those charged by hotel leisure facilities and lifestyle gyms. OneGym managing director Paul Pearson, who has a long-standing background in the regional health and fitness industry, believes that the north east will be very receptive towards the no frills fitness concept. He says The cardiac and resistance equipment and changing facilities in which weve invested is the same standard as youd find at any high-end fitness centre where were able to bring membership costs down is by cutting out all the added frills that gym users dont necessarily want, but end up paying for anyway. The concept is based on doing the simple things brilliantly everything from our opening times and car parking through to our membership costs and management systems has been planned in meticulous detail, and weve recruited highly-skilled staff to deliver the service in an area where were confident there will be a real appetite for whats on offer.More than £100,000 has been invested in equipment in the facility, and members can join online or at a purpose built booth on the premises.Paul continued Were confident that weve got the right model in place, and think the North East has a lot of locations in which the OneGym concept would be a success our aim is to open a second facility before the end of the year and we plan eventually to build a network of venues right across the region. NEL were recommended to us by our bank, and the team very quickly understood the commercial potential of what we were offering them the process of applying for the investment went very smoothly, and were very excited to have now opened for business.David Thomas, investment executive at NEL Fund Managers, added The OneGym concept makes a lot of sense from both a users and an investors point of view, and the expertise and ambition that the management team brings to the overall package adds to an already-compelling business case. Aimed at regional businesses which are at a development and growth stage, the Growth Fund forms part of the wider Finance for Business North East Fund. Managed by North East Finance, it will see £125m of investment capital injected into the region by the European Investment Bank, the European Regional Development Fund 2007-13 and the regional development agency over the next five years. NEL is looking to make around 130 investments over the five-year life span of the Growth Fund, and is actively looking to speak to ambitious north east companies with robust business plans.
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World first solar generator wins export prize
Posted on: 28/03/12
A Solihull based firm have won the West Midlands Export for Growth prize for developing the worlds first plug and play electric solar generator.Aceon Battery Solar Technoloy Ltd will now benefit from £5,000 worth of support and advice from UK Trade Investment UKTI, PwC and HSBC to help boost worldwide sales. The firms technology enables users to access free electricity on the go, as well as powering low energy homes lighting and electronic devices.Managing Director, Mark Thompson gave his reaction to the company having the best export idea in the West Midlands We are absolutely delighted to win such a prestigious award against some very good companies. Our SolarSDS is a product with a worldwide market and with the help from UKTI we can and will be an international company. A big thank you to all the judges for selecting us - now the fun starts after two years of developingRunner-ups in the competition include Shropshires Green Roof Tile Company Ltd and EnDet Ltd, who will both receive grants and support towards targeting international markets.GRTCL manufactures and produces Envirotile, the sustainable roof tile manufactured using 75 re-processed polypropylene polymer. The company is also working on tiles that can be used in different international climatesDirector Trevor Wakefield, said It was a great achievement receiving the runners up award - the competition from other companies was outstanding, proving that the UK is still a great leader in new ideas and innovative design. The award will help us in our mission to solve roofing problems and the contribution by UKTI will be invaluable in pursuing our international trade strategy.EnDet Ltd gained a runner-up place for its probe for sampling natural gas Worldwide, providing fast, accurate and environmentally friendly natural gas sampling. Tom Knight of EnDet said We feel very honoured to have been chosen to receive third prize in such a prestigious award and amongst such strong competition. We look forward to working with UKTI more closely over the coming months to launch our products globally.Finalists went head-to-head as they pitched their export idea to a panel of judges made up of representatives from UK Trade Investment UKTI, PwC, HSBC and independent specialists as well as an audience of delegates from the Chambers of Commerce, the Manufacturing Advisory Service, universities, legal firms, training companies and translators.Christine Hamilton, Acting Deputy Regional Director for UK Trade Investment West Midlands says The calibre of firms who presented their ideas has been excellent and Id like to offer my congratulations to all of them. However, Aceon Solar stood out not only because of its innovative product, but also because it had thought about how the product could be applied in specific areas going forward. The company had also thoroughly thought through the issues of exporting to the markets they wish to target. We are looking forward to working with Aceon to help the company succeed. Exporting is crucial for firms to sustain their business and grow, which is why we urge all West Midlands companies to take advantage of the range of support and opportunities available.Mark Smith, regional chairman at PwC in the Midlands said West Midlands SMEs are particularly strong in exporting and are reaping all the rewards that come with it. These finalists represent the next generation of successful SME exporters and weve been really impressed with the energy and enthusiasm they have shown to the judging panel. We are really looking forward to working with Aceon Solar as it embarks on its own export challenge and hope its story will inspire other SMEs to take the leap into export.Roy Harris, HSBCs Regional Commercial Director for the Midlands added At HSBC we forecast that UK international trade will grow by 60 over the next 15 years, so it is encouraging to see such strong West Midlands businesses here today, positioning themselves to grow by taking advantage of international and export opportunities. We have seen some exciting and innovative businesses from a diverse, creative and economically vibrant region. Congratulations to Aceon Solar and we look forward to seeing the company grow in the years to come.
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UK Green Investments seeking fund managers
Posted on: 28/03/12
The Department for Business, Innovation Skills UK Green Investments team is looking for experienced fund managers to run investment accounts of up to £100m to invest in the green economy.The Government run accounts will be used to invest in the non-domestic energy efficiency infrastructure sector. Expressions of interest are being welcomed for the roles which will involve sourcing a pipeline of projects across the full range of energy efficiency projects, including building retro fit, urban infrastructure and industrial energy efficiency.Their work will be fundamental to the success of the Governments commitment to achieving the transition to a green economy, and the delivery of long-term sustainable growth.In December 2011, UKGI started the process of looking for fund managers to invest in waste infrastructure projects ahead of the establishment of the Green Investment Bank.
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Northumbria University develops groundbreaking grid capacity calculator
Posted on: 28/03/12
Academics at Northumbria University have developed a tool to predict the impact that electric cars will have on the nations power supplies.The grid capacity calculator, considers future electricity needs by taking a measurement of an areas existing energy consumption, and the calculating the likely future demand for and impact of having increasing numbers of electric cars plugged in for recharging.The project was led by Dr Ghanim Putrus, reader in Electrical Power Engineering in the School of Computing, Engineering and Information Sciences, who decided to create the easy to use tool to help policy makers prepare for the increase in electric vehicles and how the need to charge them will affect the national grid. Dr Petris said This tool will help to build the infrastructure around electric cars and can be used inside and outside the region, as well as in international contexts.Any electricity usage scenario can be tested using this tool, giving a picture of what can happen to existing grid infrastructure and helping to plan future power networks or smart grids.Northumbria University developed the new grid capacity calculator in collaboration with the Charge Your Car project, which is currently installing electric vehicle points across the North East. The region has been chosen as the UKs first designated low carbon economic area, and a number of measures to support this have been implemented. This includes the installation of 1,000 electric car charging points by 2013.It is hoped that once the necessary infrastructure is in place, more individuals will choose to switch from petrol or diesel cars to electric cars, adding more pressure to the grid as people charge their vehicles.The new tool will enable informed planning of electric vehicle infrastructure, and will also be applicable to all regions across the UK.The tool is the result of teamwork involving Dr Sara Walker School of the Built and Natural Environment, Dr David Johnston and Mr Edward Bentley School of Computing, Engineering and Information Sciences. The team is currently discussing a follow up project with Charge your Car, which will develop the tool further to allow analysis of smart charging of electric vehicles.The team are also involved in a similar European project to address smart grids solutions for future power networks, and other joint projects on electric vehicles with the School of Design.It is hoped that these projects and other ongoing research will put Northumbria University at the forefront of research into a new generation of transport and the supporting infrastructure smart grids.
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Northumbria University develops groundbreaking grid capacity calculator
Posted on: 28/03/12
Academics at Northumbria University have developed a tool to predict the impact that electric cars will have on the nations power supplies.The grid capacity calculator, considers future electricity needs by taking a measurement of an areas existing energy consumption, and the calculating the likely future demand for and impact of having increasing numbers of electric cars plugged in for recharging.The project was led by Dr Ghanim Putrus, reader in Electrical Power Engineering in the School of Computing, Engineering and Information Sciences, who decided to create the easy to use tool to help policy makers prepare for the increase in electric vehicles and how the need to charge them will affect the national grid. Dr Petris said This tool will help to build the infrastructure around electric cars and can be used inside and outside the region, as well as in international contexts.Any electricity usage scenario can be tested using this tool, giving a picture of what can happen to existing grid infrastructure and helping to plan future power networks or smart grids.Northumbria University developed the new grid capacity calculator in collaboration with the Charge Your Car project, which is currently installing electric vehicle points across the North East. The region has been chosen as the UKs first designated low carbon economic area, and a number of measures to support this have been implemented. This includes the installation of 1,000 electric car charging points by 2013.It is hoped that once the necessary infrastructure is in place, more individuals will choose to switch from petrol or diesel cars to electric cars, adding more pressure to the grid as people charge their vehicles.The new tool will enable informed planning of electric vehicle infrastructure, and will also be applicable to all regions across the UK.The tool is the result of teamwork involving Dr Sara Walker School of the Built and Natural Environment, Dr David Johnston and Mr Edward Bentley School of Computing, Engineering and Information Sciences. The team is currently discussing a follow up project with Charge your Car, which will develop the tool further to allow analysis of smart charging of electric vehicles.The team are also involved in a similar European project to address smart grids solutions for future power networks, and other joint projects on electric vehicles with the School of Design.It is hoped that these projects and other ongoing research will put Northumbria University at the forefront of research into a new generation of transport and the supporting infrastructure smart grids.
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Mixed response to RD consultation
Posted on: 28/03/12
PwC have offered a mixed response to the Governments recently published consultation document detailing ideas for the new above the line RD credit.The new credit system will be set against the cost of RD rather than reducing the tax charge, and will also be payable to companies with losses. Under the current regime, companies paying tax save cash at 7.8 of the amount spent on RD, but those with losses get nothing.Lynsey Fothergill, senior manager at PwC in the North East specialises in RD and Patent Box. She commented Getting the credit against RD costs is really important to making the incentive effective. It makes UK RD more competitive on cost and should enable budget holders to factor it into investment appraisals.This announcement will be welcomed by large businesses in the automotive sector, who have made repeated calls for change. If is hoped the the new RD credit, patent box incentive and the reduced headline rate of tax will make the UK a more attractive place for innovation.Nonetheless, Lynsey is concerned that the new system will detrimentally affect companies with losses.She continued It is disappointing that efforts to minimise the cost of funding the RD credit have resulted in designs to discount the amount paid to companies with losses. The proposals which suggest the payable credit should be perhaps 6 rather than 7.8 - are complex and may jeopardise getting it above the line.
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RBS tops FTSE100 after Abu Dhabi talks
Posted on: 28/03/12
It appeared some of yesterdays Federal Reserve induced positive sentiment spilled over into todays trade, with European markets making mixed gains at the open. France also posted economic data that showed a better than expected gain in consumer confidence in March, a leading indicator of consumer spending that contributes significantly to economic growth. The news, along with suggestions of a bigger eurozone firewall by Angela Merkel yesterday, helped European markets gain around half a percent, although the UK was a noticeable underperformer compared to French and German indices.
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RBS tops FTSE100 after Abu Dhabi talks
Posted on: 28/03/12
It appeared some of yesterdays Federal Reserve induced positive sentiment spilled over into todays trade, with European markets making mixed gains at the open. France also posted economic data that showed a better than expected gain in consumer confidence in March, a leading indicator of consumer spending that contributes significantly to economic growth. The news, along with suggestions of a bigger eurozone firewall by Angela Merkel yesterday, helped European markets gain around half a percent, although the UK was a noticeable underperformer compared to French and German indices.
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Trade Minister visits North East
Posted on: 27/03/12
The Minister for Trade and Investment has visited the North East today, in a bid to encourage the regions business advisers to help smaller companies to take up the export challenge.In a speech in Gateshead, Lord Stephen Green highlighted the important role business advisors can play in encouraging more small and medium businesses to export to overseas markets. The North East is the only English region that is a net exporter of goods and services, with an impressive £13.5 billion of exports.While this is a strong figure, the UK still remains behind the European average when it comes to exporting.Lord Green commented UKTI is determined to increase the number of exporters and there is a new expanded role for UK Export Finance to work with businesses of all sizes to take advantage of overseas opportunities. Firms that export become more competitive, more innovative and more productive. They are the kind of firms that can help the UK become more competitive internationally.The event, which was part of the UK Trade Investment Exporting for Growth initiative, aims to increase the number of SME exporters from 20 to 25, in like with European competitors.It also comes a week after the Chancellor announced the ambition of increasing the value of UK exports to £1 trillion by 2020, alongside the introduction of new measures to help exporters secure new opportunities. He also reaffirmed UKTIs role in helping to drive this expansion.He added Government alone cannot turn round the export performance of this country. We need to work with those that have most to do with small companies, can help them to understand the benefits of exporting, and can then help make it a reality.David Coppock, Regional Director of UKTI North East echoed these sentiments and was keen to stress the support networks which are available to businesses looking to take their products and services overseas.Less than a quarter of the estimated 10,000 medium-sized firms in the UK export, and many of those that do are doing business in markets with low growth, he said. As part of the North Easts export challenge I want to see more medium-sized firms diversifying into new and high growth markets, which will them to grow their business rapidly. We will work closely with the regions MPs, LEPs and local authorities to deliver more signposting for business support and to develop the export proposition of Enterprise Zones.Event sponsors HSBC and PwC have also offered their support to the regions export industry. HSBC recently launched a £4 billion HSBC International SME Fund to help SMEs who trade, or plan to trade internationally, and has a clear strategy to help rebuild the UK economy.David Beaty. HSBCs Regional Commercial Director for the North of England said It is essential that all business advisers are geared up to help with this export drive. At HSBC we forecast that UK international trade will grow by 60 over the next 15 years, so it is encouraging to see such strong businesses in the North East positioning themselves to grow by taking advantage of international and export opportunities. Richard Podd, director at PwC in the North East added If you have a well-run business with a good product to offer, the chances are that there are many opportunities out there. If the rewards you expect justify the investment and the risks, you should commit to your export plan and make it happen. All businesses have to start somewhere and we can all contribute to the growth of the North East economy and the UK economy as a whole.
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Business School students flying high with social-media consultancy
Posted on: 27/03/12
An innovative business consultancy project has been led by Newcastle Business School Northumbria University, BA Hons Corporate Management students to look into alternative ideas for Newcastle International Airports Social Media Strategy.
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Black Country LEP welcomes additional funding
Posted on: 27/03/12
The Black Country LEP has welcomed its share of the extra Growing Places Fund, announced in last weeks budget. Black Country businesses will be boosted by a further £4.7m of the £270m added to the Fund by the government. While £70m of the extra funds will be directed to London, the rest will be divided between the remaining LEPs.The new amount will bring the Black Country LEPs pot to around £14m, for kick-starting stalled developments.Stewart Towe, chair of the Black Country LEP, said This additional money through the Growing Places Fund is excellent news for the Black Country. We have already secured nearly £10 million through this fund that will help to kick-start stalled developments in the region. The extra funding will again be available for appropriate causes to apply for and we will release details of how to bid for the money in the near future.Bids from businesses and developers across the Black Country are being appraised by the LEPs, to determine which projects will gain a share of the funding.Those who have been successful will be announced in coming weeks, with details of applications for the share of additional funding expected to appear in the near future.
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Black Country LEP welcomes additional funding
Posted on: 27/03/12
The Black Country LEP has welcomed its share of the extra Growing Places Fund, announced in last weeks budget. Black Country businesses will be boosted by a further £4.7m of the £270m added to the Fund by the government. While £70m of the extra funds will be directed to London, the rest will be divided between the remaining LEPs.The new amount will bring the Black Country LEPs pot to around £14m, for kick-starting stalled developments.Stewart Towe, chair of the Black Country LEP, said This additional money through the Growing Places Fund is excellent news for the Black Country. We have already secured nearly £10 million through this fund that will help to kick-start stalled developments in the region. The extra funding will again be available for appropriate causes to apply for and we will release details of how to bid for the money in the near future.Bids from businesses and developers across the Black Country are being appraised by the LEPs, to determine which projects will gain a share of the funding.Those who have been successful will be announced in coming weeks, with details of applications for the share of additional funding expected to appear in the near future.
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Government fudging decision on carbon reporting
Posted on: 27/03/12
The Government has been accused of fudging its decision on whether to introduce mandatory reporting for greenhouse gas GHG emissions. Ministers were expected to present their response to the framework for climate change and greenhouse gas reporting, which will affect up to 33,000 UK companies.As part of the Climate Change Act 2008, the UK Government is required to use powers under the Companies Act 2006 to make emissions reporting mandatory or inform Parliament why this is not happening by April 6 2012.A Defra spokesman said No decision has been made on introducing mandatory business reporting of greenhouse gas emissions. The consultation received a large number of detailed responses, and Ministers have taken additional time to fully consider these responses and other evidence to ensure they make the right decision. An announcement on our chosen option will be made soon.Ongoing indecision on the subject is said to be weakening investor confidence, with many calling for swifter action.Martin Baxter, Executive Director of Policy at the Institute of Environmental Management and Assessment, said This is an unacceptable delay. We are extremely disappointed that the Government has failed to reach a decision on whether to make GHG reporting mandatory for business. The Government has had 4 years to make a decision, held a number of consultations, and built up a strong evidence base that demonstrates that GHG reporting delivers cost savings for business and environmental benefits. The Government needs to urgently make a decision on this.The business and environmental case is clear, growing numbers of businesses support GHG mandatory reporting, and both coalition parties when they were in opposition supported it. And yet, the Government is now failing to make a decision, provide clear leadership and the long-term direction that will enable UK businesses to save money and deliver environmental benefits. The case is clear - GHG reporting is a win win decision for business and the environment - so why delay a decision any longerRaymond Dhirani, finance policy officer at WWF-UK, said An overwhelming majority of organisations, businesses and investors agree that mandatory carbon reporting is the right thing to do, but rather than giving certainty to businesses, the Government is simply fudging a decision. They have known the deadline has been coming for four years, but with just days to go they seem to be kicking a decision into the long grass by announcing a review of the carbon reduction commitment instead. This is yet another delay on MCR that saps investor confidence that the government is serious about a cleaner, greener economy. It represents a deplorable lack of leadership. It suggests that the Government simply does not care about providing the level policy framework which would enable companies to measure, manage, and reduce their carbon emissions, theyre just interested in raising revenue.
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Leeds based global data firm in management buyout
Posted on: 27/03/12
A founding director Leeds-based Backup Technology has successfully completed a management buyout of the business. With funding from Yorkshire Bank, Simon Chappell bought the firm, which he started in 2005 with partners Chris Powell and Ritchie Fiddes. The firm employs 29 staff from its UK headquarters in Leeds and its US base in Houston, and also operates three international datacentres in Manchester, London and Dallas.
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Leeds based global data firm in management buyout
Posted on: 27/03/12
A founding director Leeds-based Backup Technology has successfully completed a management buyout of the business. With funding from Yorkshire Bank, Simon Chappell bought the firm, which he started in 2005 with partners Chris Powell and Ritchie Fiddes. The firm employs 29 staff from its UK headquarters in Leeds and its US base in Houston, and also operates three international datacentres in Manchester, London and Dallas.
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Contingency Plans for Eurozone crisis needed, say KPMG
Posted on: 27/03/12
Businesses in the North East should consider forming contingency plans to prepare themselves for changes to the Eurozone, according to KPMG.One third of management teams in the region have yet to implement emergency measures to deal with the European sovereign debt crisis, indicating that many are unclear of the impact that collapse could have on their business. This week Spanish and Italian economies have come under scrutiny, as politicians, economists and central bankers attempt to find a solution. Further defaults, bail outs and even exits all remain as possible outcomes. Mark Firmin, KPMGs Northern Head of Restructuring believes that the first step for businesses is to consider whether and how they might be impacted by scenarios such as an exit by a Euro economy.He said Certainly the boards and management teams of local companies with customers, operations or critical suppliers in the Eurozone should be making plans and taking actions here and now to protect themselves from the heightened risks of the crisis, preparing for a range of potential outcomes as the situation evolves over the coming weeks and months.The initial focus for action is treasury and management of cash in the business, which just one in five companies have underway. Attention also needs to be paid to the current and potential impact of the crisis on customers, operations, supply chains and the back office.Firmin advises North East management teams to take a number of key steps to prepare themselves for any changes. Businesses should look to focus on developing mitigation and failure risk plans for critical suppliers, whilst also focussing on forecasting and analysing management information.They should also consider revisiting revisiting continuity and contingency plans in the context of a default or exit, agreeing on trigger events and covering group and local businesses as well as critical distributors and suppliers. Changes in the Eurozone could also present opportunities, and as some businesses exit or limit operations in certain countries, this could offer up new market shares. Firmin concludes There are an unsettling number of potential impacts on businesses in this region, from bank liquidity issues to fraud risk, which can rise during times of confusion and rapid change, but the key message is that corporates need a good radar and decision making process they need to be able to monitor the situation and have plans in place, allowing them to respond quickly as the Euro situation unfolds.
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Regional Business leaders share views on 2012 Budget
Posted on: 27/03/12
Last week Bdaily attended an economic briefing and budget event hosted by Tees Valley Unlimited, at which business leaders from across the region heard firsthand from nationally-renowned commentator David Smith, economics editor of the Sunday Times.
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Tanker drivers vote to strike
Posted on: 27/03/12
Petrol tank drivers have voted in favour of strike action, prompting the Army to take up tanker driving duties. Energy Minister Ed Davey said the results were disappointing and warned of the disruption to economic recovery that would be caused if strikes went ahead. 2000 members of the Unite union were protesting over safety conditions and efficiency of the distribution system. John Cridland, CBI Director-General, said This vote should disappoint us all. Disruption is in nobodys interest at this critical moment in the recovery.Our roads are vital for the health of our economy, delivering 83 per cent of all goods in the UK, and 70 per cent of employees to work.Drivers have voted for a strike, but each employer and Unite should now get back around the table to discuss the issues raised. Going ahead with strike action would have a real impact on people across the country.Simon Walker, Director General of the Institute of Directors, said This is bad news for British business a tanker drivers strike threatens to clog the arteries of the economy. The vast majority of travel in Britain takes place on the roads. If the fuel runs out, firms will not be able to transport goods, staff will not be able to get to work and it will cause chaos. All businesses, not just those the drivers are protesting against, will be hugely disappointed if the unions press ahead with strike action.Mr Davey said With the London 2012 Olympics approaching, it is unacceptable and selfish to behave in this manner and jeopardise our international reputation.Unite has committed to ensuring that essential services are not disrupted. We trust it will live up to this commitment and not put anyone in harms way.The Government stands ready to take whatever action we can to minimise the impact of any strike. If we have to, we will use emergency powers to make sure supplies for emergency services are prioritised and we will work to ensure trained military personnel are available to drive oil tankers. The Police will be on hand to ensure that strike action does not intimidate or prevent drivers that wish to work from doing so.While their main concerns are pay and conditions, which are matters for their employers, they have also raised health and safety. We take health and safety very seriously and will be looking carefully at what Unite is saying. Ensuring people are safe at work is a priority for us and we are committed to resolving any issues around this.But we are clear - first and foremost - the parties must get back around the table. There is no justification for this. Its the wrong action at the wrong time.
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Talks over purchase of GAME
Posted on: 27/03/12
PwC have announced the joint administrators responsible for the GAME Group plc are in talks with a number of parties who have expressed interest in purchasing part or all of the business.At the same, the administrators have been forced to close 277 stores throughout the UK and Ireland, leading to 2,104 redundancies this week. The remaining 333 stores employing 2,814 people will stay open as normal while the administrators continue their efforts to find a purchaser for the business.Mike Jervis, joint administrator and partner at PwC said Our priority is to continue trading the business as normal while we continue to pursue a sale. The recent job losses are regrettable but will place the company in a stronger position while we explore opportunities to conclude a sale. My team and I will be doing all we can to help the affected employees at this difficult time. Administrators are working with affected employees, to ensure they receive support, assistance with redundancy claims and other compensatory payments.
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German data and Merkel concessions boost markets
Posted on: 26/03/12
Markets were relatively buoyant this morning, despite a mixed Asian session overnight. News fromGermany certainly provided some support, with a German Ifo business climate index coming inslightly higher than anticipated and providing some comfort to investors after a very disappointingset of PMI readings from the region last week. Additionally, Germany conceded to the idea ofallowing the European Financial Stability Mechanism and the European Stability Mechanism thecurrent temporary and proposed permanent regional bailout funds, to run in parallel with oneanother. This was previously a sticking point within the Eurozone, and German concessions maypave the way for a firewall with the weight of 700 billion, ahead of the 500 billion cap that theGermans had originally pushed for.
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Former Apple CEO set for London cloud Forum
Posted on: 26/03/12
A former CEO of Apple and PepsiCo has been announced as the keynote speaker at the Cloud Computing World Forum in London in June.John Sculley, former CEO of Apple will deliver the shows opening speech, Looking at Technology Innovation from the CEOs Perspective.While at PepsiCo in the late 70a and 80s, Mr Sculley was responsible for overseeing the market innovations Pepsi Generation and Pepsi Challenge which helped propel the company to become the largest selling packaged consumer brand in America.In his role as CEO of Apple between 1983 and 1993, he helped launch Apples 1984 Apple Macintosh, Desktop Publishing, and the Apple Powerbook. It was during this time that he experienced an infamous working relationship with Steve Jobs, which has garnered much intrigue, controversy and speculation.Since leaving Apple, Culley has gone on to build a number of transformational technology-enabled companies in information technology, financial services, telecommunications and healthcare, as well as mentoring entrepreneurs and CEOs. His current role is managing partner for InflexionPoint, an IT and financial services investment firm with offices in London, Delhi, Dallas, Boca Raton, Florida and Toronto.He joins a list of over 150 industry experts already confirmed to speak at the Forum, including Minister for the UK Cabinet Office, Francis Maude CRO for Amazon, Werner Vogels Chief Scientist for Salesforce.com, JP Rangaswami CISO for eBay, Dave Cullinane and more. Seminars are to be held across 8 theatres covering the latest trends and topics within cloud computing including SaaS, Security, Big Data, PaaS, Mobile, public sector, virtualisation, communications and Social CRM.
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DurhamGate launches bespoke home programme
Posted on: 26/03/12
A County Durham regeneration scheme has announced the launch of a new bespoke home building programme as part of its residential property initiatives.DurhamGate have released an initial seven plots, on which purchasers will be able to input on key design aspects including the exterior, interior layout, room sizes and kitchen and bathroom design.The five bedroom homes will all have a southern aspect, with a scenic view of the County Durham landscape.The home will form part of a development of 70 houses, which will be overseen by Durhamgate developers, a partnership between Carillion Developments and Arlington Real Estate and built by Taylor Wimpey.A second tranche of 67 homes will also be built this year at DurhamGate by Yuill Homes.Allan Cook from Arlington Real Estate, said This bespoke housing programme is ideal for discerning occupiers who want to design their own home. There is a demand for high quality housing in this price range and this development provides the opportunity to secure a property in what is becoming a very desirable location in County Durham.Alongside the new homes being introduced by Yuill and Taylor Wimpey, the properties will enhance the strong blend of homes, business and leisure opportunities planned for DurhamGate.£45 million of committed investment has already been made in the development, establishing DurhamGate as the regions largest landmark mixed-use regeneration project incorporating commercial, living and leisure opportunities.
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National Manufacturing Strategy vital for growth
Posted on: 26/03/12
The Government should consider implementing a National Manufacturing Strategy to create the conditions for an industrial renaissance in the sector.This was the call in a letter to the Business Secretary from Chris Coopey, partner and practice director at Carpenter Box LLP chartered accountants, auditors and tax advisers and head of the Manufacturing Group of national accounting association MHA. Mr Coopey believes that by implementing a national strategy, the Government will be better equipped to rebalance the UK economy by providing the manufacturing sector with a firm platform from which to build.In a recent survey compiled by MHA, 90 of UK manufacturers do not believe that the Government has a specific manufacturing strategy in place. Despite this however, two thirds of businesses anticipate that they will see some growth in 2012.
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Korean pension fund to establish UK base
Posted on: 26/03/12
The worlds fourth largest pension fund has revealed plans to open a UK base in London, as part of its overseas investment expansion.The South Korean National Pension Service NPS will open in June, as announced today by Nick Clegg following his meeting in Seoul with the Chair of NPS, Jun Kwang-woo.NPS has320bn under management and has ambitions to almost double its current overseas portfolio of 36bn.The Cabinet Office say it represents a huge opportunity for significant investment in UK real estate, infrastructure projects and equities. NPS has invested over £1bn in the UK economy over the last two years, purchasing stakes in Gatwick Airport and 40 Grosvenor Place, and bought the HSBC headquarters in Canary Wharf and 88 Wood Street. Mr Clegg said This is fantastic news which has the potential to bring considerable investment to the UK and create a significant jobs boost back home.
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Korean pension fund to establish UK base
Posted on: 26/03/12
The worlds fourth largest pension fund has revealed plans to open a UK base in London, as part of its overseas investment expansion.The South Korean National Pension Service NPS will open in June, as announced today by Nick Clegg following his meeting in Seoul with the Chair of NPS, Jun Kwang-woo.NPS has320bn under management and has ambitions to almost double its current overseas portfolio of 36bn.The Cabinet Office say it represents a huge opportunity for significant investment in UK real estate, infrastructure projects and equities. NPS has invested over £1bn in the UK economy over the last two years, purchasing stakes in Gatwick Airport and 40 Grosvenor Place, and bought the HSBC headquarters in Canary Wharf and 88 Wood Street. Mr Clegg said This is fantastic news which has the potential to bring considerable investment to the UK and create a significant jobs boost back home.
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BT and Northern Grid get 100,000 pupils online
Posted on: 26/03/12
BT and Northern Grid have signed a five-year deal, which will connect around 250 schools in the North East to next generation network and broadband services.The new high speed network will give over 100,000 pupils and teachers safe, secure and flexible high speed internet access. The deal will also offer capped pricing, with the opportunity to reduce costs for schools across the life of the contract. The new partnership has ensured that pricing has remained at the lower end of the national pricing range.Paul Ringham, Vice President Local Devolved Government, BT Global Services, said BT isreally excited about the opportunity to work with Northern Grid for Learning. This partnership will deliver financial savings and faster, more reliable internet access for schools right across the North East. Using the very latest broadband technologies pupils will benefit from safe and reliable access to a host of online learning activities. BT is also very committed to the adoption of PSN in local government so it is great to see that the new network could eventually form part of an integrated Public Services Network PSN.The new network could also form the basis of a larger Public Services Network, which would integrate a range of public sector services such as Local Authorities, health and emergency services.Mel Philipson, Northern Grid Manager, said This contract provides the best broadbandconnectivity at the best prices for schools in this region. Northern Grid is very pleased to partner with BT and looks forward to using this opportunity to continue to improve our services to schools boosting our value for money. We are excited by the prospect of working with such a successful company and are committed to work with BT to bring the benefits to as many schools as possible.
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Frank Haslam Milan receives national construction awards
Posted on: 26/03/12
Frank Haslam Milan North East has received three National Site awards for its considerate approach to construction in the region.The firm received two silver and one bronze at this years Considerate Constructors Scheme Awards, following a number of scored site visits which looked at their attitudes to local neighbourhoods, general public, the workforce and the environment.Only 650 out of the 8500 eligible sites were named as Bronze, Silver or Gold Awards.Stephen McCoy, Managing Director for FHM North East, said We are committed to best practice and working with consideration for the local community is a top priority. We are delighted to have received these awards and the fact they are for three different sites and clients demonstrates our thorough approach and commitment to considerate construction across the region.Frank Haslam Milan received the silver award for its construction work on 10 new bungalows in Bedlington. Throughout the project the firm kept local people updated on its progress through newsletters and a community notice board on site.Local schools and youth groups also benefitted from the project, and Frank Haslam Milan donated 150 football shirts to Bedlington Town Football Club.One of the Bronze Awards was given for refurbishment work on more than 300 properties in the Stobhill area of Morpeth, on behalf of Isos Housing. During the course of the project, staff from the construction firm gave safety presentations in local schools and acting as ambassadors during careers events. Surveys carried out amongst tenants living in the renovated properties indicated that 97 were satisfied, and the site was awarded a score of 36.5 out of 40 when it was visited by CCS monitors.
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Industry alliance to boost regional economic growth
Posted on: 26/03/12
Industrialists from across the region have joined forces, in a bid to double the number of apprentices recruited into the sector this year.The newly-formed North East Skills Alliance for Advanced Manufacturing is made up of representatives from all 12 local authorities, employers, business membership organisations, training providers and the National Apprenticeship Service. It is hoped that the group will encourage SMEs to seek more information about the support available to them, who are often unaware of the training and funding opportunities which are available to them.The North East Skills Alliance for Advanced Manufacturing is being coordinated by Semta, thesector skills council for science, engineering and manufacturing technologies. Semta estimates that around 8,500 skilled workers are due to retire in the next six years, and for the North East to perform as a world class region, 15,000 employees need to improve their skills.One of Semta s council members Teesside-based Trevor Arnold director of engineering consultants PX Limited, has already met with the Prime Minister to discuss the issue and is dueto meet the minister for skills, education and lifelong learning, John Hayes, in the near future.Commenting on the new proposal, Mr Arnold said The North East has a terrific record and skills base which has helped attract a huge amount of investment from companies across the globe.If we are to enhance our position as the leading region for manufacturing, more companieshave to act now and in a coordinated way.Apprenticeship start-ups are already 20 higher against the same period last year and theAlliance hopes a series of events, one-to-one visits, business networks and mentoring, forgingcloser links with schools, colleges and universities and having one point of contact in each areawill make it easier for firms to understand the benefits of apprenticeships leading to a big rise intime for the September intake.Kevin Fitzpatrick, Nissans Vice President for Manufacturing in the UK, who chairs the Alliancesaid The North East Skills Alliance is aiming to help companies in the North East understandthe need to invest in our people.We also recognise the need to make it as easy as possible for companies to offer apprenticeships and graduate programmes, and to upskill their current workforce.
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Solomons Lounge receives resounding accolade
Posted on: 26/03/12
Solomons Group, an established Indian restaurant chain in Newcastle, has recently opened Solomons Lounge in the heart of Heaton. With over 20 years of experience in Punjabi, Kashmiri Indian cuisine Solomons Lounge is the newest member of the Solomon family which also includes Solomons Dhaba and Solomons Restaurant. Solomons Lounge delivers the finest in Indian cuisine at affordable prices. Encased in luxurious, authentic surroundings, Solomons Lounge is set to offer you outstanding customer service, exquisite food and a perfect relaxing ambience. We are a family run business that strives to make you feel part of that family and give you the care and attention you deserve.
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Northgate invests in Snodland to support the South
Posted on: 23/03/12
Market leaders in flexible vehicle hire and a fleet solutions, a hrefhttpwww.northgatevehiclehire.co.ukNorthgate Vehicle Hirea, has unveiled its new look Snodland depot after investing £500,000 in the existing infrastructure, to drive process efficiencies for customers and set its commitment to the region in stone. The new depot will now act as the central hub for Northgate in the South East.
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Northgate invests in Snodland to support the South
Posted on: 23/03/12
Market leaders in flexible vehicle hire and a fleet solutions, a hrefhttpwww.northgatevehiclehire.co.ukNorthgate Vehicle Hirea, has unveiled its new look Snodland depot after investing £500,000 in the existing infrastructure, to drive process efficiencies for customers and set its commitment to the region in stone. The new depot will now act as the central hub for Northgate in the South East.
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Government loses feed-in tariff appeal
Posted on: 23/03/12
The government has lost its appeal over plans to cut subsidies for solar panels on homes.
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BAE open Lancashire fighter factory
Posted on: 23/03/12
BAE have opened their new jet manufacturing facility at Samlesbury in Lancashire, representing £150m investment. The new facility, when fully completed, will allow the production of one F-35 fighter jet fuselage set every day, compared to the current rate of one per week. Nigel Evans, MP for the Ribble Valley and deputy chairman Ways Means, opened the facility in a special ceremony today.Chris Allam, Senior Vice President on the F-35 programme said The facility opening is an exciting development in the F-35 story at Samlesbury. F-35 is an important programme for BAE Systems and the capabilities that this facility provides are equal to anywhere in the world. Were using state of the art machines and manufacturing techniques to ensure we can meet the rates of production that the F-35 programme demands. Its fair to say that this facility is proof that were standing up to that challenge and were keeping ourselves at the forefront of UK manufacturing.Martin Wright, Chief Executive for the North West Aerospace Alliance added The F-35 programme is the largest defence project in the world and, through BAE Systems, will be the backbone of stability to our regional industry through those companies successful in winning F-35 contracts. This facility is somewhere in which our young people will want to work, to build knowledge, create jobs and secure the future of this magnificent industry of ours.The extension sets in motion the second part of a three-phase project to gear the plant towards peak rate production in production by 2016.
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Bdaily speaks to Andrew Hodgson of NE LEP
Posted on: 23/03/12
Bdaily was at the North Tyneside Business Forums Open Forum this week in Benton where we caught up with Andrew Hodgson, Vice Chair of the NE LEP, and Peter Hedley, Vice Chair of the Business Forum.We talked to Andrew about recent developments with the NE LEP ahead of his talk on developments with the Enterprise Zone on the North Bank of the Tyne, and asked him what he thought about claims the LEPs had lost momentum. Listen to what Andrew had to say a hrefhttpss3-eu-west-1.amazonaws.commedia.bdailyaudiobdaily-speaks-to-andrew-hodgson-of-ne-lep.mp3herea.Peter Hedley talked about the importance of tourism to North Tyneside, and the three year initiative to focus specifically on coastal tourism. Listen to what he had to say a hrefhttpss3-eu-west-1.amazonaws.commedia.bdailyaudiobdaily-speaks-to-ntbfs-peter-hedley.mp3herea.
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Bdaily speaks to Andrew Hodgson of NE LEP
Posted on: 23/03/12
Bdaily was at the North Tyneside Business Forums Open Forum this week in Benton where we caught up with Andrew Hodgson, Vice Chair of the NE LEP, and Peter Hedley, Vice Chair of the Business Forum.We talked to Andrew about recent developments with the NE LEP ahead of his talk on developments with the Enterprise Zone on the North Bank of the Tyne, and asked him what he thought about claims the LEPs had lost momentum. Listen to what Andrew had to say a hrefhttpss3-eu-west-1.amazonaws.commedia.bdailyaudiobdaily-speaks-to-andrew-hodgson-of-ne-lep.mp3herea.Peter Hedley talked about the importance of tourism to North Tyneside, and the three year initiative to focus specifically on coastal tourism. Listen to what he had to say a hrefhttpss3-eu-west-1.amazonaws.commedia.bdailyaudiobdaily-speaks-to-ntbfs-peter-hedley.mp3herea.
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Cable outlines small business help
Posted on: 23/03/12
Business Secretary Vince Cable was at the FSB today, setting out the Governments plans to help SMEs and boost business investment, and cut red tape.Dr Cable outlined the £125m Advanced Manufacturing Supply Chain Initiative, which will open for applications from March 29, and the new Focus on Enforcement campaign to identify where inappropriate or excessive enforcement of regulation is holding companies back. He said This Government has an absolute commitment to clearing away the barriers that act as a brake on growth for British SMEs. That is why, for example, we are not just reviewing whether there is still a case for each regulation, but now we are going to tackle how regulations are actually enforced as well. That commitment to lighten the load lies at the heart of our strategy for achieving economic transformation and recovery.In addition the Advanced Manufacturing Supply Chain Initiative will help build manufacturing capacity and ensure that more of the necessary components can be sourced in this country. We will support projects that deliver economic growth, greater competitiveness and safeguard or generate jobs.We will also increase the supply of capital through non-bank lending channels via our £100m SME focused Business Finance Partnership, targeting finance channels other than loan funds.The Advanced Manufacturing Supply Chain Initiative is to be run by Birmingham City Council and will provide grants and loans to successful projects demonstrating ambition to develop competitive supply chains.Funding can support a combination of investment in capital equipment, associated RD, and training and skills in recognition of the flexibility needed to overcome the barriers that suppliers and supply chains can face.Dr Cable also launched the Focus on Enforcement campaign, which asks businesses where improvements can be made, and what is working well. Government will select the best ideas and look to improve the experience of regulatory enforcement in those business areas. He added The Government knows that ill thought-out regulations cost businesses time and money which is why it devised the Red Tape Challenge. But sometimes the regulations are fine, it is inconsistent, inappropriate or overlapping enforcement that is the problem.Focus on Enforcement gives all businesses, but especially smaller and medium sized firms that often feel the disproportionate weight of inspection and compliance, the chance to make a real difference to the way regulators visit, inspect and advise business and enforce the law.
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Cable outlines small business help
Posted on: 23/03/12
Business Secretary Vince Cable was at the FSB today, setting out the Governments plans to help SMEs and boost business investment, and cut red tape.Dr Cable outlined the £125m Advanced Manufacturing Supply Chain Initiative, which will open for applications from March 29, and the new Focus on Enforcement campaign to identify where inappropriate or excessive enforcement of regulation is holding companies back. He said This Government has an absolute commitment to clearing away the barriers that act as a brake on growth for British SMEs. That is why, for example, we are not just reviewing whether there is still a case for each regulation, but now we are going to tackle how regulations are actually enforced as well. That commitment to lighten the load lies at the heart of our strategy for achieving economic transformation and recovery.In addition the Advanced Manufacturing Supply Chain Initiative will help build manufacturing capacity and ensure that more of the necessary components can be sourced in this country. We will support projects that deliver economic growth, greater competitiveness and safeguard or generate jobs.We will also increase the supply of capital through non-bank lending channels via our £100m SME focused Business Finance Partnership, targeting finance channels other than loan funds.The Advanced Manufacturing Supply Chain Initiative is to be run by Birmingham City Council and will provide grants and loans to successful projects demonstrating ambition to develop competitive supply chains.Funding can support a combination of investment in capital equipment, associated RD, and training and skills in recognition of the flexibility needed to overcome the barriers that suppliers and supply chains can face.Dr Cable also launched the Focus on Enforcement campaign, which asks businesses where improvements can be made, and what is working well. Government will select the best ideas and look to improve the experience of regulatory enforcement in those business areas. He added The Government knows that ill thought-out regulations cost businesses time and money which is why it devised the Red Tape Challenge. But sometimes the regulations are fine, it is inconsistent, inappropriate or overlapping enforcement that is the problem.Focus on Enforcement gives all businesses, but especially smaller and medium sized firms that often feel the disproportionate weight of inspection and compliance, the chance to make a real difference to the way regulators visit, inspect and advise business and enforce the law.
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Business School leads new routes to graduate employment
Posted on: 23/03/12
The recent study entitled High Fliers The Graduate Market in 2012 indicates that even though the total number of vacancies is set to increase in 2012, recruiters have confirmed that a third of this years entry-level positions are expected to be filled by graduates who have already worked for their organisations either through industrial placements, vacation work or sponsorships. Newcastle Business School, Northumbria University has a strong reputation for enabling their students access to graduate employment opportunities through unique placement routes. This is evidenced by their ranking in the Top 10 for Graduate Level Employability in the Sunday Times Good University Guide in 2011 and 2012.
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ANEC video showcases North East
Posted on: 23/03/12
ANEC explain the reasons behind producing this video, and the role it will play showcasing the region.
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ANEC video showcases North East
Posted on: 23/03/12
ANEC explain the reasons behind producing this video, and the role it will play showcasing the region.
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Budget bolsters National Planning Policy Framework
Posted on: 23/03/12
Whilst the budget failed in many eyes to deliver a much neededkick-start to Britains struggling economy, Chancellor Osbornesannouncement that publication is going ahead of the final version of theNational Planning Policy Framework NPPF, could provide light at theend of the tunnel for business, according to Lambert Smith HamptonLSH.In order to ensure delivery of much needed housing and employmentopportunities, we need certainty in the planning system and access todevelopment finance.With the publication of the NPPF this week, I predict renewedstability, that will in turn kick-start economic growth, as thousands of pages of policy are condensed into a document supportive of sustainabledevelopment.The development industry is a major contributor to theeconomy but for far too long, development and house building has beenperceived in a negative manner by the general public. Establishing apresumption in favour of sustainable development is a positivestep forward, but much work still needs to be done to ensure, that thenature and quantity of information requested by local planningauthorities, is proportionate to the development proposed. There isstill too much emphasis placed by Councils upon producing voluminousreports, prolonging the decision making progress. The validationprocess has become a tail which is wagging the dog.The Government is to be applauded for standingfirm and publishing the NPPF despite having received vociferousopposition. There will undoubtedly be ongoing debate and differentinterpretation of the document, however the support of development hasto be welcomed.
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Empty shop levels hit 14.6
Posted on: 23/03/12
The proportion of shops which currently lie empty hit a record high of 14.6 last month, indicating a difficult start to the year for retailers.According to BBC reports, vacancy rates began to stabilise towards the end of 2011, but rose again in January and February.Consumer confidence has also slipped in February, which has been attributed to concerns over employment prospects.Commenting on the news, the Nationwide chief economist Robert Gardner said Consumers also scaled back their expectations for the future, with the forward-looking aspects of the index weakening during the month.The Local Data Company compiled the statistics, and were unsurprised at the high level of vacant premises, due to cutbacks and insolvency in the retail industry.They are now calling on the Government to respond to the Portas Review, which details ways to revive ailing town centres. The Review, which was published in 2011, recommended cutting regulation and creating a bigger role for street markets.Local Data Company director Matthew Hopkinson said It is a timely reminder to the government, who are due to respond to the Portas Review this month, of the significant challenges facing town and city centres up and down the country,
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Whats on this weekend March 23-25
Posted on: 22/03/12
This weeks top pickFlow - North bank of the Tyne, Newcastle Quayside. From Sunday March 25 onwards. Free.Flow is a floating tidemill that generates its own power using a tidal water wheel. Housing electro acoustic musical machinery and instruments, it responds to the changing environment of the river in creating different sounds. Three-interconnected sonic instruments blend traditional and digital sounds by drawing water from the river, and passing it through a series of filters, lasers and sensors, which bubble, beep, hiss, creak and groan. The Salinity Sampler Sequencer creates a tune from the last 12 hours of tide by storing and playing hourly river water samples, while the Bubble Synth and giant overhead Bellows create sounds from resonating bubbles, controlled by the chemical composition of the river.FamilyMake It - Centre For Life, Newcastle. Saturday March 24 and Sunday March 25. A range of hands-on activities for building, creating, tinkering making. In a series of workshops, artists and makers will lead participants through a variety of classes in the gallery. This weekend, guest maker Theresa Easton shows you how to create a book and draw collage onto the pages.Food and DrinkMedieval Banquet - Blackfriars Restaurant, Newcastle. Friday March 23. £39 per person.Established in 1239, Blackfriars Restaurant is the claimed to be the oldest dining room in the UK. Customers are invited to dress like their medieval ancestors by buying a range of monk and wench costumes direct from its website. Banquets take place in the restaurants candlelit Banquet Hall, which houses long convivial oak tables and features authentic banners, chandeliers, wall coverings and stained-glass windows, created by local craftsmen. MusicThe Dirt Daubers and Kentucky Cowtippers - The Cluny. Sunday March 25. £10.Hailing from Paducah, Kentucky and Nashville Tennessee, The Dirt Daubers play a mix of Appalachian folk, ragtime, jazz standards, cowboy songs, bluegrass and honky tonk. J.D Wilkes, of The Legendary Shack Shakers fronts the three piece, who have travelled the world with their loud and proud style. Art Transmitter Receiver The Persistence of Collage - Middlesbrough Institute of Modern Art. All weekend. A touring exhibition that traces the use of collage in British art, from the first influences of the Parisian avant-garde in the early work of Ben Nicholson and Surrealists Eileen Agar and Roland Penrose through to present day artists such as Steve Claydon, David Noonan and Idris Khan. The exhibit boasts traditional collage on paper, alongside painting, sculpture, film and slide projections from the Arts Council Collection. CinemaOnce Upon A Time In Anatolia - Tyneside Cinema, Newcastle. Saturday March 24. 8.05pm. Tickets £8 £6 conc.Winner of the Grand Prix at Cannes 2011, this gorgeous looking film follows the search by police, prosecutors, a doctor and the alleged culprit for the body of man buried in the Anatolian steppes. Set over the course of a day, the plot slowing unfolds with black humour and hypnotising scenes. The Independent called it a character piece, a landscape study, a police thriller and a philosophical contemplation.
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Last chance DEAL- final Get Mentoring workshops
Posted on: 22/03/12
Over April and May, DEAL Group will be running additional workshops under the Get Mentoring initiative. A limited number of workshops will be scheduled for those who are keen to become mentors or develop their mentoring skills.
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2012 Public Sector pay increases just 2
Posted on: 22/03/12
Private sector employees are set to see pay rises of just 2 in the year to 28 February 2013, as the slow recovery continues to hit many organisations.More than 75 of all respondents to the XpertHR survey said that they are planning to award a pay rise on the normal review date, but a tenth of businesses can expect to see their wages frozen. Most organisations anticipate award rises worth between 2 and 3, and a mere 9.9 of organisations expect to give an annual award worth more than 2012s RPI forecast of 3.2.While many employees are struggling with the financial squeeze, most bosses do not feel the need to compensate for several years of low pay rises. Only 16.6 feel obliged to make up for previous low rewards.XpertHR Pay and Benefits editor Sheila Attwood said Although we might expect employees to be tiring of low pay rises or pay freezes, our survey respondents indicate that to date they have understood about the economic challenges that organisations face. However, a median 2 increase during 2012 will result in another of year of below-inflation pay rises.The figure from our pay forecast survey is lower than our current median pay award of 2.6 for the three months to 29 February 2012, but organisations may be wary of committing to higher pay rises and some feel burdened by pension changes. Additionally, the not-for-profit sector, which tends to take its lead from the public sector in terms of pay awards, accounts for more than one-fifth of respondents to this survey.
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TVU launch business health survey
Posted on: 22/03/12
Tees Valley Unlimited is calling on private sector businesses in the area to take part in a survey to help determine the health of the local economy.The online survey hopes to collate the views, ideas and ambitions of firms in the area, and the Local Enterprise Partnership hopes that business of all sizes and from all sectors will take part.The economy of the Tees Valley is changing, and our business community has had to adapt, explained Stephen Catchpole TVUs Managing Director.We want to know how businesses are diversifying, evolving or indeed needing support so we can prioritise our actions and look to create the right opportunities for growth.It is difficult economic times for many businesses in the area regardless of size. Stephen hopes that by identifying pressures on businesses, Tees Valley Unlimited will be able to offer targeted and effective help to them.Stephen continued We are keen to identify access to support facilitate supply chain growth and assist with an introduction to new markets.The underlying objective of this survey is to serve not the LEP but the business community and I would encourage everyone to take part.Data received during the project will help to inform future Tees Valley Unlimited and local authority partners of the best ways to aid the business community. In addition, the findings will also be passed on to Central Government and key decision makers.Participants will also be given access to the final report.
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Retail sales fall by 0.8
Posted on: 22/03/12
Sales in the UK retail industry fell by 0.8 last month, providing a sharp contrast to the growth witnessed during December and January. The decline was far bigger than expected, but despite this sales volumes were still 1.7 higher than the same period in 2011. Many economists had expected that spending was going to moderate significantly after December and Januarys bumper growth figures.Commenting on the news, Richard Driver, an analyst for Caxton FX said This mornings UK retail sales figure certainly caught the market by surprise.The -0.8 mm is very disappointing and the slight downward revision to the previous two months figures is a reality check for the retail industry.Yesterdays Budget announcements also indicated that UK households will continue to feel the financial pinch for the rest of the year. Nonetheless, a fall in inflation and with growth slowly picking up, retailers have some reasons to be optimistic.He continued It is not all doom and gloom however, as some high street heavyweights like Next and Debenhams posted some decent profits recently and with the Olympics on the horizon, as well as the relaxing of Sunday trading laws, the UK retail sector could be in line for a much-needed boost. We were expecting to see surging petrol prices provide a boost to non- fuel sales as consumers look for more cost-effective ways to spend their money but this simply wasnt the case.
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GlaxoSmithKline choose Ulverston for £350m factory
Posted on: 22/03/12
GlaxoSmithKline has confirmed it will be locating its new factory site at Ulverston in Cumbria, as the company invests more than £500m in UK operations.It is the first new GSK manufacturing facility to be built in the UK for almost 40 years, and has been spurred on by the announcement of a patent box in yesterdays budget to encourage investment in RD.The package will introduce a lower rate of corporation tax on profits generated from UK-owned intellectual property. £350m will be invested in the new biopharmaceutical plant at Ulverston, following an extensive feasibility study which took into consideration other sites such as Barnard Castle, and Irvine and Montrose in Scotland.GSKs CEO Sir Andrew Witty said The introduction of the patent box has transformed the way in which we view the UK as a location for new investments, ensuring that the medicines of the future will not only be discovered, but can also continue to be made here in Britain. Consequently, we can confirm that we will build GSKs first new UK factory for almost 40 years and that we will make other substantial capital investments in our British manufacturing base. In total, this will create up to 1,000 new jobsover the lifetime of the projects. We are also actively considering other investments in our UK manufacturing network which would create further jobs and reinforce the UKs international competitiveness and as a world leader in life sciences. Construction of the Ulverston facility will begin in 201415, and is likely to take 6 years to complete.GSK have suggested that investment at the site could double, if the environment for innovation continues to improve in the UK.Prime Minister David Cameron said This is excellent news, a major investment that will create many highly skilled jobs and provide a great boost to the economy. It shows why we are right to cut business tax and focus on making the UK a dynamic and competitive place that can attract exactly this type of high tech investment. We have a world class life sciences industry, and I am determined not just to keep it here in the UK but significantly increase it too. We cannot be complacent, the industry is changing, and we must change with it. Our innovative life sciences strategy and ground breaking patent box are already making a difference, helping to grow this important industry and ensure the great discoveries of the next decade happen here in British laboratories.Elsewhere, the company will also invest more than £100m across its two manufacturing sites in Scotland.£80m will go towards sites in Ware in Hertfordshire to increase manufacturing capacity for its next-generation respiratory inhalation device, and at Barnard Castle to establish a dermatology manufacturing centre of excellence.
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GlaxoSmithKline choose Ulverston for £350m factory
Posted on: 22/03/12
GlaxoSmithKline has confirmed it will be locating its new factory site at Ulverston in Cumbria, as the company invests more than £500m in UK operations.It is the first new GSK manufacturing facility to be built in the UK for almost 40 years, and has been spurred on by the announcement of a patent box in yesterdays budget to encourage investment in RD.The package will introduce a lower rate of corporation tax on profits generated from UK-owned intellectual property. £350m will be invested in the new biopharmaceutical plant at Ulverston, following an extensive feasibility study which took into consideration other sites such as Barnard Castle, and Irvine and Montrose in Scotland.GSKs CEO Sir Andrew Witty said The introduction of the patent box has transformed the way in which we view the UK as a location for new investments, ensuring that the medicines of the future will not only be discovered, but can also continue to be made here in Britain. Consequently, we can confirm that we will build GSKs first new UK factory for almost 40 years and that we will make other substantial capital investments in our British manufacturing base. In total, this will create up to 1,000 new jobsover the lifetime of the projects. We are also actively considering other investments in our UK manufacturing network which would create further jobs and reinforce the UKs international competitiveness and as a world leader in life sciences. Construction of the Ulverston facility will begin in 201415, and is likely to take 6 years to complete.GSK have suggested that investment at the site could double, if the environment for innovation continues to improve in the UK.Prime Minister David Cameron said This is excellent news, a major investment that will create many highly skilled jobs and provide a great boost to the economy. It shows why we are right to cut business tax and focus on making the UK a dynamic and competitive place that can attract exactly this type of high tech investment. We have a world class life sciences industry, and I am determined not just to keep it here in the UK but significantly increase it too. We cannot be complacent, the industry is changing, and we must change with it. Our innovative life sciences strategy and ground breaking patent box are already making a difference, helping to grow this important industry and ensure the great discoveries of the next decade happen here in British laboratories.Elsewhere, the company will also invest more than £100m across its two manufacturing sites in Scotland.£80m will go towards sites in Ware in Hertfordshire to increase manufacturing capacity for its next-generation respiratory inhalation device, and at Barnard Castle to establish a dermatology manufacturing centre of excellence.
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Bad for Barbers, Good for Banks
Posted on: 22/03/12
As you walk along Eastcheap, London EC3 during business hours on any weekday, you need to be very careful. Theres an A framed advertising board which stands at the edge of the pavement opposite a barbers shop. The message displayed on the board is a simple one Gentleman, wet shaves by student barbers. Now when it comes to someone else shaving you, it is certainly the one occasion when an old experienced hand commands a premium. In the words of Gordon Brown, this is not a moment for novices. So I, perhaps like many others, will be avoiding the delights of my personal early morning appointment with a student barber.
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The Chancellor has missed a golden opportunity
Posted on: 21/03/12
The Chancellors key 2012 budget fails to go far enough says Richard Wackett, national head of ratings of property specialists, Lambert Smith Hampton LSH and this is storing up problems for the economy and future growth. Property owners, developers and potential occupiers will continue to be reluctant to build and occupy new space given the level of business rates which remain linked to a historical valuation date.
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Crafted Co Compose a Masterpiece
Posted on: 21/03/12
The team at Gateshead-based bespoke joinery company Crafted Co have been working like dogs to create a stunning, one-off coffee table for iconic Beatles-themed hotel, the Hard Days Night in Liverpool.
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Crafted Co Compose a Masterpiece
Posted on: 21/03/12
The team at Gateshead-based bespoke joinery company Crafted Co have been working like dogs to create a stunning, one-off coffee table for iconic Beatles-themed hotel, the Hard Days Night in Liverpool.
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North East firm pioneer location intelligent mobile product
Posted on: 21/03/12
A North East technology company have developed a new mobile application that allows users to explore their surroundings.Virtuteqs augmented reality technology allows smartphone users to see information about their location through photos, videos, audio and 3D models, and even obtain directions.It has been made possible with the support of Newcastle Science City, and is the work of Paul Smith. At the University of Sunderland and Leeds Trinity, students are now using Virtuteqs technology to find facilities on campus, and the company is currently working with local museums to provide an interactive guide that allows visitors to have exhibition information at their fingertips. The technology can also be used to deliver discount vouchers for food, location maps with a take me there functionality, and even treasure hunts for children. Paul is looking to secure investment to take the company international, and to market the product to a wide range of potential users including local authorities and tourist attractions.He said As far as I am aware there arent any other companies in the North East or even the UK doing exactly what we are doing. The closest competitor we have is in Austria but the service provided there isnt as comprehensive as ours so we really are at the forefront of this exciting technology and Im really excited about rolling it out.The potential for the application is incredible there are so many ways in which geographic content can be used to supplement the users view of reality with information relevant to their current location.The technology gives our clients a new, more powerful technique of engaging and immersing users into their environment much more than the equivalent paper leaflet, brochure or information board. It allows them to filter out irrelevant data that you get from generic internet trawls, and provide very specific information that they control so they can manage their corporate messages very carefully and closely.Simon Green, head of business support at Newcastle Science City, added The really innovative thing about Virtuteqs location based content system is that it can be used by virtually anyone and updated in real time.There are a number of competing augmented reality systems out there but Paul had the insight that the ease of updating content was key. This is a great example of using known technology in a novel way to solve a market problem and then building a business out of it.
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Jaguar Land Rover team with Chinese manufacturer
Posted on: 21/03/12
Warwickshire headquartered Jaguar Land Rover have reached an agreement on a proposed joint venture with Chinas Chery Automobile Company Ltd.The agreement follows extensive talks between JLR and Chery on establishing an equal partnership company, and represents the first foray into foreign markets for the Indian owned manufacturer.The venture would include production of JLR and JV branded vehicles, establishment of a research and development facility, engine manufacture, and sale of vehicles produced by the JV company.In a joint statement, Dr Ralf Speth, JLR chief executive officer, and Mr Yin Tongyao, Chairman and chief executive offficer of Chery Automobile Company Ltd, said Working together on this proposed joint venture is an exciting prospect for both JLR and Chery. Demand for Jaguar and Land Rover vehicles continues to increase significantly inChinaand we believe that JLR and Chery can jointly realise the potential of these iconic brands in the worlds largest car market.
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Jaguar Land Rover team with Chinese manufacturer
Posted on: 21/03/12
Warwickshire headquartered Jaguar Land Rover have reached an agreement on a proposed joint venture with Chinas Chery Automobile Company Ltd.The agreement follows extensive talks between JLR and Chery on establishing an equal partnership company, and represents the first foray into foreign markets for the Indian owned manufacturer.The venture would include production of JLR and JV branded vehicles, establishment of a research and development facility, engine manufacture, and sale of vehicles produced by the JV company.In a joint statement, Dr Ralf Speth, JLR chief executive officer, and Mr Yin Tongyao, Chairman and chief executive offficer of Chery Automobile Company Ltd, said Working together on this proposed joint venture is an exciting prospect for both JLR and Chery. Demand for Jaguar and Land Rover vehicles continues to increase significantly inChinaand we believe that JLR and Chery can jointly realise the potential of these iconic brands in the worlds largest car market.
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Hunt is on for top North East entrepreneurs
Posted on: 21/03/12
The search is on to find the best entrepreneurial talent in the North East, as The Entrepreneurs Forum is gearing up towards its annual awards in May.Regional businesses will be honoured for excellence in entrepreneurial achievement at the Who Dares Wins Annual Business conference awards ceremony on May 17.Winners will be chosen after being tested against a range of criteria ranging from the financial performance of their business to their personal achievements and contribution to the North East economy. This years awards will be presented across several categories including Young Entrepreneur of the Year, Lifetime Achievement Award, and Entrepreneur of the Year. Finalists will be invited to present their business to an esteemed panel of judges on May 1 and 2, including Simon Lenney of Yorkshire Bank, sponsor of the awards. A shortlist of nominees in the Forums Entrepreneur of the Year and Young Entrepreneur categories will be chosen after the April 20 closing date.Judges will be looking for outstanding financial performance and growth, both historic and forecasted consider any unique innovations in the business increase in employees and the impact the organisation may have on the wider region. The panel is also keen to hear about the personal development of the entrepreneur themselves, and any particular achievements they can highlight. Nigel Mills, chairman of the Entrepreneurs Forum, said We have really shaken up ourannual awards this year to make them more accessible, transparent and inclusive in recognising the best entrepreneurial talent we have here in the North East.Anyone can enter or be nominated and that offers a very exciting prospect for the panel inthat they may discover new things that are going on in businesses across the region.We are looking for the very best great ambassadors for the entrepreneurial spirit and talent of our region. For the winners, there is the honour of knowing they have been chosen above other outstanding entrepreneurs and been recognised by their business peers.Winner of last years Emerging Talent of the Year award, Sara Davies, said You very rarely see women at business award events so to win as a woman, and at my age, is what Im most proud of. To be recognised at this sort of level was really a big privilege.Entrepreneurs who think they are the regions best can nominate themselves.
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Esh group launch innovative new website
Posted on: 21/03/12
One of the biggest construction companies in the North East has launched a new website, in an attempt to streamline its business processes.Esh Group decided to redesign the website to make it easier for visitors to navigate between the groups 12 firms, bringing traditionally paper-based procedures online. It is hoped that this will make it easier for the companys team to control all of its websites in one place.The website was created by Gateshead-based Solution Group, who were chosen for its creative credentials, web expertise and experiences in the construction sector.Solution Group have worked with Esh Group for over five years on a number of projects, and were selected to overhaul the firms corporate website following a pitch against a number of agencies for the project earlier this year.Sarah Dodds, marketing officer at Esh Group, said The overhaul of our website has been a fundamentally important element to our communications strategy given we engage with so many different stakeholders across our businesses. The team at Solution Group has done an outstanding job in creating, planning and delivering huge improvements to the site in a very short space of time. Not only does our new website provides a more user-friendly experience but it is also now much easier for our team to update in an efficient manner. This year Solution group is also celebrating its 20th year in business. Director Peter McGlynn said We are extremely pleased with the outcome of the Esh Group project and believe the new website will provide a solid online presence that is now consistent with the rest of its brand communications and incorporates all of its separate companies. Aside from modernising the look of the website and giving visitors better functionality, we have also provided the Esh Group team with much more control in terms of being able to fully manage all of its websites from one dashboard and make changes in-house. Not only does this massively improve the efficiency of their web management but also reduces any future outlay relating to the website,
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Government beats the drum for green channel IP
Posted on: 20/03/12
Intellectual Property Minister, Baroness Wilcox has been looking to drum up support for the green channel scheme, which aims to speed up the patent process for innovative eco-friendly ideas.She challenged businesses to make more use of the process in a series of visits to companies in Surrey that are already successfully using it to add value to their business. Gordon Murray Design were praised for their use of the green channel which has allowed the company to speed up the launch of a product, and go on to produce low-cost, eco-friendly cars which use recycled plastic bottles in the body panels.Baroness Wilcox said Its tremendous to see how an idea has been turned into an actual business product swiftly and efficiently. By using the green channel, an environmentally friendly idea and novel approach to manufacturing is being brought to market quickly, helping to deliver real value and growth to a typically inventive small British firm. Protecting your intellectual property, and maximising its economic potential, makes a real impact especially for small companies which are the lifeblood of the UK economy.Gordon Murrays iStream automotive manufacturing process has been licensed out, so that other companies can invest in, manufacture and deliver environmentally friendly cars.Bob Elliott, Partner at DWF and expert in IP suggested that it was not alway in the applicants best interest to accelerate the patent process, when the technology to be covered by the patent is still in development. Mr Elliott said This is the government beating the drum for an initiative which was first launched in May 2009.
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Newcastle firm among top 100 places to work
Posted on: 20/03/12
Newcastle-based national qualification provider NCFE has been voted by staff as one of the best employers in the UK for the third time.The company ranked 60th in The Sunday Times 100 Best Places to Work in the Public and Charities Sectors. It identifies best practice defined by performance across eight key indicators of workplace engagement, including leadership, management, immediate colleagues, pay and benefits, wellbeing, willingness to give something back and peoples personal development and overall sense of affiliation with their employer.Some 49,000 employees from 250 organisations across the UK voted as 126 staff at NCFE showed positivity. One of the firms key motivational tools is a special development fund, worth £200 per year to each member of its team, which can be used to fund a new skill or hobby.Some employees have learned how to drive, play the piano and even qualify as an Indian Head Masseuse within the last year.David Grailey,Chief Executive of NCFE, said Gaining recognition as one of the top 100 companies to work for is an achievement were extremely proud of. Were continuing to improve our internal systems and our product portfolio to ensure that during what has been a tough time for the education sector across the UK, we remain unbeaten. Our people, who we value very highly, have helped to make NCFE one of the top national qualifications providers in the UK by demonstrating their commitment, innovation, and sheer hard work every day which helps to make NCFE such a success.Rebecca Brenard, Sector Leader at NCFE, added Ive used my training allowance to pay for a Level 1 Award in British Sign Language, along with my colleague Claire Appleby. Not only am I learning some useful skills that I can use both in and out of work, Ive met new people and more than anything, I am really enjoying myself on the course
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Newcastle firm among top 100 places to work
Posted on: 20/03/12
Newcastle-based national qualification provider NCFE has been voted by staff as one of the best employers in the UK for the third time.The company ranked 60th in The Sunday Times 100 Best Places to Work in the Public and Charities Sectors. It identifies best practice defined by performance across eight key indicators of workplace engagement, including leadership, management, immediate colleagues, pay and benefits, wellbeing, willingness to give something back and peoples personal development and overall sense of affiliation with their employer.Some 49,000 employees from 250 organisations across the UK voted as 126 staff at NCFE showed positivity. One of the firms key motivational tools is a special development fund, worth £200 per year to each member of its team, which can be used to fund a new skill or hobby.Some employees have learned how to drive, play the piano and even qualify as an Indian Head Masseuse within the last year.David Grailey,Chief Executive of NCFE, said Gaining recognition as one of the top 100 companies to work for is an achievement were extremely proud of. Were continuing to improve our internal systems and our product portfolio to ensure that during what has been a tough time for the education sector across the UK, we remain unbeaten. Our people, who we value very highly, have helped to make NCFE one of the top national qualifications providers in the UK by demonstrating their commitment, innovation, and sheer hard work every day which helps to make NCFE such a success.Rebecca Brenard, Sector Leader at NCFE, added Ive used my training allowance to pay for a Level 1 Award in British Sign Language, along with my colleague Claire Appleby. Not only am I learning some useful skills that I can use both in and out of work, Ive met new people and more than anything, I am really enjoying myself on the course
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Production rises coincide with increased inflation
Posted on: 20/03/12
Manufacturers anticipate an increase in output over the next year, but also expect inflationary pressures to pick up during 2012, according to the CBI.Over 400 manufacturers responded to the CBIs monthly Industrial Trends Survey, of which 39 believe that output would rise in the next quarter, while 15 expect it to fall. The resulting balance of +24 is the strongest since +27 was recorded in March 2011.Order books also remained above average, albeit slightly lower than last month. 18 of respondents said that order books were above normal, while 26 said they were below, resulting in a balance of -8. This is far stronger than the long run average of -17.Ian McCafferty, CBI chief economic adviser believes that this indicates that the recovery in the manufacturing sector is now building a positive momentum.He commented Firms again expect a strong rise in output over the next three months, on the back of above-average order books.However, expectations for output price inflation have also moved higher, most probably reflecting the recent rise in oil prices.Despite some positive results, export demand has weakened at -11.Expectations for output price inflation have also increase, with 24 of firms expectating to raise output prices in the coming quarter. This is the highest since June 2011, where the figure was recorded at 27.McCafferty continued Any further rise in oil prices would be a significant concern, given the additional cost burden this would place on UK manufacturers and the knock-on effects it could have on the nascent recovery.Stocks of finished goods stayed broadly in line with the long-run average, of 14 at 17.
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Channel Islands VAT loophole closed
Posted on: 20/03/12
A court has ruled that the VAT loophole exploited by internet retailers operating in Guernsey and Jersey will be closed. The companies were taking advantage of Low Value Consignment LVCR for the sales of goods such as CDs, DVDs and contact lenses.For many retailers, the ruling will come as a relief as they had repeatedly told the Treasury they were unable to compete with the VAT-free prices online.The Channel Island governments were fighting Chancellor George Osbornes decision to target greater funds through the abolition of LVCR, announced in last years Budget. Ruth Corkin, Head of VAT Services at accountants and business advisers James Cowper said From 1 April thousands of items valued under £15 will carry VAT. Channel Islands based companies will have to pay sales tax and their prices are expected to rise. We expect local suppliers to in future become more attractive to consumers, generating a welcome boost in sales for many small shops and internet traders in the South East.Rumour has it that the big companies will move their operations to somewhere like Switzerland but before that the Channel Islands governments might appeal and test the decision in the European courts.The developments, while good news for mainland businesses, present a potential disaster for the local economy, which is dependent on big companies presence.
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Deloitte preview of Budget 2012
Posted on: 20/03/12
Stephen Hall, tax partner at Deloitte in Newcastle, considers what tax measures the Chancellor is expected to focus upon in the Budget.
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Deloitte preview of Budget 2012
Posted on: 20/03/12
Stephen Hall, tax partner at Deloitte in Newcastle, considers what tax measures the Chancellor is expected to focus upon in the Budget.
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Government must create new software jobs
Posted on: 20/03/12
In his Budget announcement, the Chancellor should create 5000 new software trainees to tackle youth unemployment and to drive industry growth, according to Sunderland Software City.By combining on-the-job and technical training, the large scale project would address the UKs shortage of skilled software workers whilst also addressing the issue of unemployment for 16-25 year olds. Chief Executive Officer David Dunn believes that the biggest obstacle that businesses in the sector are currently facing is the lack of necessary skills, and the introduction of this scheme could help to alleviate this issue.He commented There are excellent IT training projects out there, but they require a big commitment in money and time, which many companies find off-putting. We think if the government was to pilot a scheme where it paid training costs and a small bursary to cover living expenses, take up would dramatically increase. We appreciate that money is tight, we believe the government could deliver this project it for less than a penny per taxpayer.Under the scheme, the Government would finance tuition fees for an intensive training course through universities and colleges, followed by placements in software companies. Course fees are estimated at £4000, while living expenses would be supported by a £3000 bursary. Sunderland Software City is also volunteering to collaborate with local learning institutions to lead on the project.Mr Dunn added Industry training body eSkills have estimated that the UK needs over 100,000 new IT staff every year, so if anything 5000 software trainees is a drop in the ocean but its a practical, achievable and affordable step the government could take this week to support UK software
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Smartphone essential for North East shoppers
Posted on: 20/03/12
Shoppers are becoming increasingly reliant on smartphones to chose their purchases, according to a new survey.Deloittes sixth annual State of the Media Democracy survey found that 17 of respondents compare products using mobile technology and 18 use their phone to read product reviews.
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Small Business Finance a FSB view
Posted on: 20/03/12
Getting access to finance when it is needed and at an affordable cost will help small and micro businesses in the North East drive the recovery of the economy. However, there are still far too many small and micro businesses across the region that struggle to access finance on affordable terms.
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Trade volume low as investors await further data
Posted on: 19/03/12
Markets opened up lower this morning, pulling indices off their multi-month and in some casesmulti-year highs that were reached last week. With no major economic data out today, investorsappeared hesitant and volumes of transactions were low ahead of ECB and Federal Reservemeetings on Thursday and US jobless claims on Friday.
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Lord Heseltine in York to promote RGF
Posted on: 19/03/12
Lord Heseltine is set to visit York tomorrow as part of the Regional Growth Fund Roadshow.He will address around 100 business representatives, entrepreneurs and civic leaders from Yorkshire and Humber. His speech will encourage businesses and entrepreneurs to bid for project funding from the additional £1bn available in the third round of the fund. As Chair of the Independent Advisory Panel for the Fund, Lord Heseltine will also meet potential bidders from the region, and offer his advice on the application process. He aims to inspire local people to think strategically about community economic priorities and come forward with high-quality, innovative proposals for growth.
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£50m Business School development officially opened
Posted on: 19/03/12
The Newcastle University Business School on Barrack Road has been officially opened, as part of a development set to rejuvenate the heart of the city centre.The building, which won the Lord Mayors Design Award 2011 for best new building, will unite the universitys research, teaching, enterprise and innovation activities under one roof.The £50 million development comprises of state-of-the-art lecture theatres, social areas, a cafe and areas specifically dedicated to undergraduates, MBA students and staff. The top floor of the building also includes an engagement space for businesses. A commemorative plinth to mark the opening was unveiled by Lord Burns, Chairman of Santander UK and Professor Chris Brink, Vice-Chancellor of Newcastle University.Newcastle University Business Schools Director, Professor Ian Clarke, believes that the location of the building will allow the school become a gateway to Newcastle Science City and Science Central when they are eventually completed. He said Newcastle is popular with students and faculty because its near the city centre, but more importantly, the new building sits alongside the future development of Newcastle Science City and Science Central behind this building on the old brewery site.The best science in the University and the best spin out businesses are going to be in this area, and our new location at the heart of Newcastles centre of business and commercial development is very fitting for a forward thinking institution.He hopes that the buildings location will also help the Schools 2,800 students and academic staff to further engage with the local business community, whilst also building on the Universitys strong reputation for academic excellence. After speaking to staff and students, one of the key things they like is that its right next door to the city centre as it makes us business accessible, so its easy for them to come in and join us.When you look at the role Universities play in encouraging people to stay and economic development, Newcastle is no different. Having a healthy business school is a key part of that and when some of our students choose to stay and get experience in the City, they can offer a real benefit to business.Lord Burns, Chairman Santander UK added Newcastle University is one of UKs most prestigious higher education institutions.By opening this new building the university is sending a clear message to all of us that it is in less buoyant economic times when investment is needed most. I am convinced that this Business School will benefit immensely from these impressive new facilities and it will soon become a reference for other universities in the UK and abroad.
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Yulli to deliver new sustainable Hull homes
Posted on: 19/03/12
Hartlepool based Yulli Homes has started work on an eco-friendly, affordable housing scheme at Swanland Village, near Hull.The development will include 26 new sustainable homes for local residents to rent, created in partnership with Railways Housing Association, and part-funded by the Homes and Communities Agency HCA.Each building will include an innovative sedum roof, which is planted with an array of herbs and flowers to improve insulation of the building as well as reducing the surface run off of rainfall. Alexandra Ross, partnership manager at Yuill Homes, said Were delighted that construction work has started on our first affordable housing scheme in East Yorkshire. Yuill Homes has a reputation for delivering sustainable communities across the North East and were committed to repeating this success here in Swanland village. Were particularly looking forward to working alongside Railway Housing and their residents on such an exciting eco-friendly scheme - that will integrate new sustainable techniques with traditional building methods to provide new high quality homes for residents.The homes will be built to the Code for Sustainable Homess Level 3 standard, and will be installed with solar thermal panels to provide up to 60 free hot water for occupants.Anne Rowlands, Chief Executive of Railway Housing Association, added Our core business is to provide affordable housing for the over-55s and we have done this successfully for over 90 years. We already own social rented homes in the East Riding of Yorkshire and with this new development we are looking forward to making a further contribution to providing much-needed affordable homes in the area. We are also delighted that our current residents will benefit from moving into new, high quality, energy efficient properties.
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Cameron sets out road privatisation
Posted on: 19/03/12
David Cameron has paved the way for semi-privatisation of the road network, as he announces plans to allow sovereign wealth funds to lease roads. The move is intended to bolster development and maintenance of Englands road infrastructure, which is seen to be falling behind the quality of European competitors. It could mean that companies will impose tolls on new pieces of road, but not existing parts of the network. The Prime Minister highlighted that private sector capital is used to fund other utilities such as water, and suggests that roads can be steered away from dependence on public finances. He said The truth is, we are falling behind our competitors. And falling behind the great, world-beating, pioneering tradition set by those who came before us. There is now an urgent need to repair the decades-long degradation of our national infrastructure and to build for the future with as much confidence and ambition as the Victorians once did. He added Infrastructure matters because it is the magic ingredient in so much of modern life. It is not secondary to other, more high profile elements of economic strategy. It affects the competitiveness of every business in the country it is the invisible thread that ties our prosperity together. It gets power to our lights, water to our taps, workers to their jobs, and food to our shops. It enables factories, offices, warehouses, workshops to function, to trade, to grow.John Cridland, CBI Director-General, welcomed the news as driver for economic growth.He said As weve said, one of the best ways we can create activity and new jobs is by attracting investment into our ageing infrastructure.Congestion on our roads costs the UK economy up to £8 billion a year1, so the Prime Ministers ambition to get much-needed private investment into the strategic network could not have come at a better time. Every £1 spent on infrastructure adds £3 to the economy as a whole.In the short-term, we need contracts to be agreed with companies to maintain our roads and repair the potholes. In the longer-term, investor confidence will be critical to injecting new money into removing bottlenecks, reducing commuting times and helping firms to transport their goods.Maria Eagle MP, Labours Shadow Transport Secretary, said Motorists already suffering from record fuel prices now face a road charging free for all, adding to the cost of living crisis facing households up and down the country. Instead of easing the burden on drivers and boosting our stalled economy through a temporary cut in VAT, Ministers look set to let private companies take over the strategic road network and charge drivers for access. These proposals risk simply driving traffic onto local roads, increasing congestion and emissions while yet again setting back efforts to improve safety.
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Small Business Finance a FSB view
Posted on: 19/03/12
Getting access to finance when it is needed and at an affordable cost will help small and micro businesses in the North East drive the recovery of the economy. However, there are still far too many small and micro businesses across the region that struggle to access finance on affordable terms.
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KPMG doubt future profitability of UK banks
Posted on: 19/03/12
A new report has raised concerns over the future profitability of UK banks, who have suffered significantly at the hands of the Eurozone crisis, PPI costs, the bank levy and regulatory requirements.In 2011, the big five banks, Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered made combined pre-tax profits of £19.4 billion, down £2.9 billion on profits previously reported. This followed a year of aggressive cost cutting and restructuring, including the offloading of non-core businesses which saw retail banking faring better than investment banking.Richard Gabbertas, KPMGs Northern head of financial services believes that it was a much tougher year than expected, and banks will need to continue working hard to turn things around.He commented I expect we will see continued cost costing which inevitably means further job losses and business models will be reviewed again to ensure banks are concentrating on their core strengths and the markets with the greatest potential.The banks with larger exposures to Asian economies were the star performers, which reinforces how the UK and Europe are becoming relatively difficult places for banks to do business. HSBC, which has 49 of its business based in Asia and Latin America, and Standard Chartered, with 80 of its business in Asia and the Middle East, outperformed the more UK and US focused banks.As the amount of liquidity and capital required to write business in the UK becomes higher than in other jurisdictions, it is increasingly difficult for banks without an international focus to achieve the return on equity expected by investors.He continued The UK bank levy knocked a significant dent in the profitability of all banks and PPI and other customer redress had an even more significant impact. In addition, the cost of regulation is starting to bite and this will not ease off anytime soon, especially as work on implementing the Independent Commission on Banking recommendations and recovery and resolution plans heats up.The impending introduction of a new regulatory regime will also present the significant challenge of managing a dual regulatory relationship with both the prudential and conduct supervisors.Mr Gabbertas added All in all, banking in this country requires major changes in business models and remuneration levels for staff to meet the increased capital requirements. Banks can improve their capital ratios either by raising capital or de-leveraging. At present they are finding it tough to generate capital and it is therefore easier to reduce overall lending.
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Top housebuilder welcomes NewBuy 95 mortgage scheme
Posted on: 19/03/12
Initial rates from the large high street lenders to support this product look very favourable, making NewBuy an attractive mortgage option for buyers of new build homes. NewBuy is a much-needed shot in the arm for the whole housing sector and with research showing every new home built creates five jobs the Governments provision of up to 100,000 NewBuy mortgages will also give a welcome boost to UK growth and employment.
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MEP gains support in crusade against turnaround calls
Posted on: 19/03/12
Four MEPs have offered their support to North East MEP Martin Callanans calls to Europe to stop Liverpool using its publicly funded cruise terminal for turnaround calls. Martin Callanan North East, Daniel Hannan, Keith Taylor, Sharon Bowles South East, and Struan Stevenson Scotland have all signed the appeal to Johannes Hahn, Commissioner for Regional Policy, and Joaqun Almunia, Competition Commissioner, to withhold State Aid clearance from Liverpool until they repay all of a £10m grant from the European Regional Development Fund ERDFThe MEPs signed the joint letter in a concerted effort to increase pressure on the European Commission.When the terminal in Liverpool was built, it used £9 million from the UK Government and a £10 million European grant, on the premise that it would not compete for lucrative turnaround cruise business with privately funded operations at other UK ports.Liverpool City Council have offered to repay the £9 million UK grant, and is now going ahead with plans to host turnaround cruises by granting permission for a temporary baggage handling and check in facility. Cruises are set to begin in May, despite the fact that the Government has yet to announce the results of an independent consultation on the proposal, and no decision in Europe has been made on the ERDF funding. Commenting, Martin Callanan said Martin Callanan MEP said Some very clear funding conditions were put in place so that other ports including the Port of Tyne, would not be unfairly disadvantaged.By going ahead with the turnaround terminal before State Aid clearance has been granted, it is perfectly clear that Liverpool City Council is breaching its funding conditions. I want to see the UK Government take a firm approach and ensure that all of the taxpayers money, including from the EU, is returned if Liverpool is to proceed, and I also urge the European Commission to enforce the condition of the EU grant. Anything less will set a very dangerous precedent. Liverpool have yet to offer to repay the funds, which were offered on the same basis as money from the UK.He added The North East has worked incredibly hard to build up its cruise industry and Liverpool must play by the rules they happily signed up to. By ignoring them, Liverpool City Council is showing that I and others were absolutely right to protest and we will carry on doing so until we reach the only fair outcome. If they want the new turnaround terminal, they must hand back the public money in full, first.
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MEP gains support in crusade against turnaround calls
Posted on: 19/03/12
Four MEPs have offered their support to North East MEP Martin Callanans calls to Europe to stop Liverpool using its publicly funded cruise terminal for turnaround calls. Martin Callanan North East, Daniel Hannan, Keith Taylor, Sharon Bowles South East, and Struan Stevenson Scotland have all signed the appeal to Johannes Hahn, Commissioner for Regional Policy, and Joaqun Almunia, Competition Commissioner, to withhold State Aid clearance from Liverpool until they repay all of a £10m grant from the European Regional Development Fund ERDFThe MEPs signed the joint letter in a concerted effort to increase pressure on the European Commission.When the terminal in Liverpool was built, it used £9 million from the UK Government and a £10 million European grant, on the premise that it would not compete for lucrative turnaround cruise business with privately funded operations at other UK ports.Liverpool City Council have offered to repay the £9 million UK grant, and is now going ahead with plans to host turnaround cruises by granting permission for a temporary baggage handling and check in facility. Cruises are set to begin in May, despite the fact that the Government has yet to announce the results of an independent consultation on the proposal, and no decision in Europe has been made on the ERDF funding. Commenting, Martin Callanan said Martin Callanan MEP said Some very clear funding conditions were put in place so that other ports including the Port of Tyne, would not be unfairly disadvantaged.By going ahead with the turnaround terminal before State Aid clearance has been granted, it is perfectly clear that Liverpool City Council is breaching its funding conditions. I want to see the UK Government take a firm approach and ensure that all of the taxpayers money, including from the EU, is returned if Liverpool is to proceed, and I also urge the European Commission to enforce the condition of the EU grant. Anything less will set a very dangerous precedent. Liverpool have yet to offer to repay the funds, which were offered on the same basis as money from the UK.He added The North East has worked incredibly hard to build up its cruise industry and Liverpool must play by the rules they happily signed up to. By ignoring them, Liverpool City Council is showing that I and others were absolutely right to protest and we will carry on doing so until we reach the only fair outcome. If they want the new turnaround terminal, they must hand back the public money in full, first.
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Business and University collaboration
Posted on: 16/03/12
A vital ingredient for any ambitious companys growth strategy.Meet with the North East Universities Durham University, March 29th
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Northumbrian Water install £1.3m hydro power technology
Posted on: 16/03/12
Northumbrian Water is building on its green credentials, after the installation of a £1.3 million hydro power generation unit at its Mosswood water treatment works.Commissioning of the plant is now underway after eight months of construction and technical challenges.The 185kw unit at the treatment works near Consett, County Durham will create enough power to supply the equivalent of 300 homes, and will be used to meet a third of electricity needed to run the entire treatment works. This will result in an annual saving of £200,000, and alongside government incentive scheme subsidies, the sites power bill will be cost neutral.Installation works at the site, which serves around 700,000 customers in Sunderland South Tyneside and North Durham, were carried out by JN Bentley contractors.Climate Change Manager, David Chapman, said Northumbrian Water is committed to reduce carbon emissions by 35 by 2020 and utilising every opportunity at its reservoirs and treatment works to increase renewable energy generation.Northumbrian Water has already installed the biggest hydro electric plant at Kielder Water, as well as other energy generating assets at Selset and Derwent Reservoirs. They have also installed the technology at treatment works in the Wear Valley and Darlington.The company is also working on ground breaking plans to create power from sludge left after sewage treatment. They currently operate the biggest anaerobic digestion plant of its kind at the mouth of the Tees, while another is under construction at the mouth of the Tyne.Following the introduction of these initiatives, Northumbrian Water have received the Best initiative by a large business in the Climate Week Awards 2012. It has also been named in two internationally recognised indexes this week. The company was one of only 15 across the UK to gain Platinum Plus Status in the Business in the Community Responsibility Index 2012, and was the only UK water firm to be designated as one of the Ethisphere Worlds Most Ethical Companies 2012.
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The science of decision making
Posted on: 16/03/12
Bdaily was at Newcastle Science Citys Science of Decision Making event this week, where we talked to Professor Kenny Coventry, Professor of Cognitive Science and director of the Cognition and Communication Research Centre at Northumbria University.
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Breedon Report outlines alternative finance for SMES
Posted on: 16/03/12
The taskforce employed to investigate alternative financing for SMEs has published its proposals for non-bank lending.Tim Breedon, CEO of Legal General, lead the independent review which examined a range of alternative and sustainable finance sources. As bank lending is by far the biggest source of external finance currently used by businesses, the taskforce looked into the supply of non-bank lending to match the financial landscape of countries like the US.Mr Breedon said that while there was no silver bullet to address the issue, he hoped the report would help to open up alternative channels for UK SMEs.Recommendations were put to Vince Cable including a single brand and business support agency to deliver the Governments range of SME finance programmes the establishment of a Business Finance Advice network consideration of the potential for the Governments Business Finance Partnership to invest in innovative products such as mezzanine loan funds and peer to peer lending and investigation of the impact of international prudential regulation on the supply of SME finance.Business Secretary Vince Cable said We need to reshape the UKs finance landscape to better serve the needs of ordinary businesses, helping more companies find the support they need to start and grow.Tim Breedons Taskforce has brought together industry, investors and advisers to provide evidence and ideas on increasing the range of finance sources available to small businesses. I thank them for their hard work and detailed recommendations, and I hope this will represent a turning point in business finance in this country.The report anticipates growth in demand for finance as the economy recovers, and the expected constraint on availability from banks as they deleverage, could create a finance gap for business of £84bn to £191bn over the next five years.John Cridland, CBI Director-General, remarked that it was encouraging to see proposals on opening up the UK bond markets to mid-sized firms. He said Tim Breedons report argues a compelling case for the need to help our small and medium-sized businesses to access non-bank finance.Our report on future business champions said that, to achieve an extra £20 billion in growth potential by 2020, medium-sized firms must have access to new kinds of finance. This report confirms the scale of the challenge, and sets out practical steps needed to help these companies grow and create jobs.The Government must now work with businesses to drive this agenda forward, and we want the Chancellor to give these recommendations the serious attention they deserve in next weeks Budget.John Walker, National Chairman, Federation of Small Businesses, added We very much welcome this report as the recommendations chime closely with changes the FSB has called for to open up finance for small businesses. Bold action needs to be taken to ensure a behavioural shift so that small firms know what alternatives to bank finance are available.Putting the Governments financial products under one umbrella organisation and looking at a pilot SME bond scheme, as well as learning what works well in other countries is a good step forward and we urge the Government to take forward the recommendations as soon as possible.
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Work begins at Center Parcs new Bedfordshire site
Posted on: 16/03/12
Center Parcs have started work on a new holiday village in Woburn, Befordshire this is set to create some 1500 permanent jobs.Investment in the site has totalled £250m, as a further 1200 jobs are created during the construction phase of the project. The site is expected to open for business in Spring 2014, and will comprise 625 forest lodges, a 75 bed hotel and spa, as well as outdoor sports and leisure facilities.Prime Minister David Cameron weclomed the news, and said Center Parcs is much loved by many and this new site is not only great news for holiday makers but great news for the economy too. This expansion and the jobs that it brings will be a real boost to growth and a sign of the increasing investor confidence that there is too.Woburn will complement four existing Center Parcs sites at Whinfell Forest in Cumbria, Sherwood Forest in Nottinghamshire, Elveden Forest in Suffolk and Longleat Forest in Wiltshire.John Cridland, CBI Director-General, said It is welcome that Center Parcs is building a new site in Bedfordshire. With services making up three quarters of our economy, its vital that we continue to attract and encourage investment into sectors such as leisure, so this is a significant development.I have no doubt that this major investment will prove to be a substantial job creator for the area in the coming years.Martin Dalby, Chief Executive of Center Parcs, added I am delighted to be moving ahead with the construction of our new site at Woburn, which will bring significant benefits for both our guests and the wider economy. This is our 25th year of operation and Center Parcs is trading strongly, with occupancy rates of around 97 throughout 2011 and positive forward booking trends for 2012, as guests continue to respond positively to the high quality holiday experience we offer.The addition of a fifth site, made possible by the strong support offered by Blackstone and our four lending banks, further enhances our geographic footprint in the UK. As we begin construction at Woburn and continue our investment programme in the existing villages, I am confident we can continue to deliver both a first class experience for our guests and continue our track record of profitable growth.
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First European daily deals event comes to London
Posted on: 16/03/12
Europes first ever daily deals event is set to take place on Monday, bringing together over a dozen of the industrys leaders in London.The DD Summit Europe 2012 will feature key speakers including Tobia Tschoetsch, managing director of Groupon, and Omid Ashtari from Foursquare, among others.Between them, the speakers have seen capital investment worth over £1.5 bn since the sector took off in Europe just two years ago. There are now around 70 daily deal sites active in the UK, and over 1,500 deal providers across Europe.Stavros Prodromou, director of DD Summit Europe, said The DD Summit provides a forum for daily deal professionals to share their thoughts on recent acquisitions, to advise start-ups, and to discuss the economic influence of the daily deal industry.We have a fantastic line up of speakers from across Europe who will be covering a huge variety of topics including the future of ecommerce, customer acquisition, flash sales and hyperlocal best practices.The summit will also hear from daily deal experts Lopo Champalimaud, co-founder and CEO of Wahanda Fabian Heilemann, co-founder of Dailydeal.de Germany Gerard Doyle, CEO of Discountvoucher UK Joaquin Engel, co-founder and CEO of Groupalia Spain and Esra Sertoglu, CEO of Groupanya Turkey.
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First European daily deals event comes to London
Posted on: 16/03/12
Europes first ever daily deals event is set to take place on Monday, bringing together over a dozen of the industrys leaders in London.The DD Summit Europe 2012 will feature key speakers including Tobia Tschoetsch, managing director of Groupon, and Omid Ashtari from Foursquare, among others.Between them, the speakers have seen capital investment worth over £1.5 bn since the sector took off in Europe just two years ago. There are now around 70 daily deal sites active in the UK, and over 1,500 deal providers across Europe.Stavros Prodromou, director of DD Summit Europe, said The DD Summit provides a forum for daily deal professionals to share their thoughts on recent acquisitions, to advise start-ups, and to discuss the economic influence of the daily deal industry.We have a fantastic line up of speakers from across Europe who will be covering a huge variety of topics including the future of ecommerce, customer acquisition, flash sales and hyperlocal best practices.The summit will also hear from daily deal experts Lopo Champalimaud, co-founder and CEO of Wahanda Fabian Heilemann, co-founder of Dailydeal.de Germany Gerard Doyle, CEO of Discountvoucher UK Joaquin Engel, co-founder and CEO of Groupalia Spain and Esra Sertoglu, CEO of Groupanya Turkey.
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Alternative Sources of Finance
Posted on: 16/03/12
If social housing providers are to meet the escalating need for affordable housing they must explore alternative sources of private sector funding to bridge the funding gap, following the cuts to government grants and less favourable conditions for borrowing.
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Chocolate entrepreneur comes to North East
Posted on: 16/03/12
A entrepreneurial chocolatier is visiting the North East to share the secrets of his sweet success with local businesspeople. Willie Harcourt-Cooze, who is best known for his appearance on Channel 4s Willies Wonky Chocolate Factory, has spent much of his career travelling the world seeking the finest cacao beans. After purchasing a 1,000 acre hacienda farm in Venezuela, his farm managers taught him the basics of chocolate making. Since then he has developed an extensive range of artisan chocolate, Willies World Class Cacao, made from 100 cacao, including Madagascan Black.At an event on April 3 in Wynyard, Willie will share his adventures and reveal the secrets of his success in an immensely competitive industry. He said I feel very lucky with how the adventure has worked out. A lot of blood, sweat, tears, more sweat and tonnes of cacao have been poured into it.Willie harvests his cacao in Venezuela before it is transported to his factory in Devon. Here, it is made into chocolate using restored antique machines which he has sourced from around the globe.Alongside his television appearances, Willie has also written two books on chocolate.Nigel Mills, chairman of the Entrepreneurs Forum, said Willie talks with a gritty readiness about his life and work and will provide a vivid insight into how he has built an innovative business from the ground up.Im confident our guests will be inspired by the sheer drive of this passionate modern day chocolatier who admits to being a dreamer and a doer.The event will take place at the Wynyard Rooms, Wynard Park House, from 6.30pm-8.30pm onApril 3.
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BACK man walks the Front for war heroes
Posted on: 15/03/12
Two North East businessmen are putting on their walking boots and exploring the past to raise much needed funds for ex-servicemen.
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Fitch threatens to downgrade UKs AAA rating
Posted on: 15/03/12
The ratings agency Fitch joined its peer Moodys in placing the UKs AAA credit rating on negativeoutlook earlier today. The designation meant that there was a slightly higher than 50 chanceof a downgrade within the next two years, citing a limited capacity to deal with further economicshocks despite recognising the countrys commitment to deficit reduction and a diverse and flexibleeconomy. It comes just a week ahead of the Chancellor of the Exchequer George Osbornes Budgetannouncement.
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Dont cut subsidies, say Energi Coast
Posted on: 15/03/12
A group of leading energy companies in the North East have urged the Chancellor to make offshore wind a priority to help the UK establish itself as a world leader in the sector.Ahead of the Budget next week, Energi Coast have voiced their concern that any changes to subsidies received by the industry will put further pressure on the sector, which is currently at a critical stage of development.Offshore wins has previously been targeted by opposition groups, who believe that cutting subsidies to the sector could be a way of saving money.The Group believes that the Chancellor needs to create a climate of stability in the offshore wind market, to offset the disruption caused by the surprise taxes on North Sea oil and gas projects announced in the 2011 Budget.Alex Dawson, Chairman of Energi Coast, said The offshore wind industry is not looking for hand outs, but an equitable and stable environment during this significant period in its development. As an emerging industry we have been made an easy target, but subsidies are a tried and tested practice for the energy sector. No energy sector has developed without subsidy, be they direct transfer, preferential tax treatments or research and development intervention.If subsidies were reduced further, there is a danger that they could further damage confidence and immediately affect the plans of developers, investors and potential supply chain investors.The difficult economic climate has given anti-wind protesters a platform to voice their opinions, but support for wind farms has remained consistent at around 70-80Mr Dawson continued If the Government listens to reactionary opposition they could lose a sector that has the potential to be a jewel in the countrys industrial crown.The Chancellor has said the Government should manufacture its way out of recession. In offshore wind they have a golden, once in a lifetime opportunity to build a world leading industry that creates real jobs, a sustainable energy resource and future tax revenues for UK PLC.
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SMEs crucial to defence industry
Posted on: 15/03/12
Peter Luff MP, Minister for Defence Equipment, Support and Technology has stressed the role of SMEs in making the UK the second largest exporter of defence in the world.Speaking at the Northern Defence Industries Building for Growth Conference outside Bristol, Mr Luff talked to over 250 delegates from businesses within the defence supply chain. The event focused on business opportunities within defence, security, aerospace and space, as the UK boasts £6bn in sales every year.Mr Luff said Despite recent reports defence is big business in the UK and will remain so. The industry is the second largest exporter in the world, with £6bn sales per year. We are still finalising the materials programme but we will be looking at a spend of around £150bn in the next decade on procurement for the UK defence sector.He stressed the importance of SMEs as the lifeblood of the industry, given their agility to exploit new technologies, the niche capabilities to develop it and their cost effectiveness.On research and technology Mr Luff, said We must spend on science and technology. Weve set the base line at 1.2 per cent of total defence budget, currently equivalent to £400m per annum. But Im hoping it will be possible to increase this as part of the equipment programme.The conference also featured speeches from industry experts, the Home Office and the MoD and Ambassador of France, Bernard Ernie, as focus was turned towards UK - France Defence and Security Co-operation Treaty.Summarising the two-day event David Townsley, executive director of NDI UK, said Our aim was to bring together the industrys experts at a conference to generate knowledge-sharing and some real business opportunities for both sides. The general consensus is that weve achieved this. Peter Luffs key-note speech was incredibly well received. It reaffirmed our belief that investment in RT is essential for the growth of the UK defence sector, and the vital role SMEs have in its development.Mike Maiden, chairman of NDI added Its been a fantastic two days, full of expert commentary. Perhaps the most successful element was the Meet the Buyer event where businesses were able to discuss their procurement options. There are some big deals around this year and its up to UK business to take advantage of them.
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Business Adviser goes back to school
Posted on: 15/03/12
Not everyone has happy memories of their school days, but going back to school to deliver a sessionabout self-employment on Life Skills day at Prudhoe Community High School in Northumberlandwas a stimulating and enjoyable experience for Julia Weldon, NBSLs Business Adviser based at theHexham Business Advice Centre.
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CBI President warning over government meddling in business
Posted on: 15/03/12
Sir Roger Carr, president of the Confederation of British Industry, has suggested that extreme government intervention in corporate governance and executive pay could send out the wrong message about British business.At a YouGov-Cambridge Symposium in London this morning, Sir Carr is due to give a speech which will warn against measures which may portrait Britain as closed for business.He will acknowledge the need to address the failure of banks in remuneration control, self control and shareholder engagement, but will urge caution against meddling. To the symposium, he will say Less is often more and government must avoid believing the bureaucracy is an antidote to bad behaviour.The suggestion that shareholder approval may be required for settlements on outgoing directors in excess of 1 years remuneration appears reasonable in principle subject to practicality - in the increased spirit of openness between owner and manager.But the exam question remains would coalition plans for shareholder empowerment make any difference to corporate excess or growthThere is no doubt that the economic trauma we experienced in the West, shook the beliefs of many on fairness, wealth distribution and personal values and shook them to the core.The groundswell of public opinion initially aimed at bankers, spread to corporates, and the mood was picked up by politicians.Politicians and regulators then fanned the flames of discontent with anti business rhetoric and sought to quench the fire they had fuelled with controlling legislation.Public opinion has already started to adjust behaviour individuals forsaking bonus payments companies vying for customer goodwill in their public commitments to self discipline in pay and transparency of performance. The tide is turning and legislation and code adjustment will reinforce the message providing it is balanced and sensible.Most businesses know that good governance and growth are not mutually exclusive and that doing the right thing is invariably the right thing to do in business. On the topic of remuneration, Sir Carr is expected to highlight the perceived dangers in intervention in pay, suggesting goodwill could impact on talent, reward, entrepreneurial drive and ambition.He will say Reward structures are a function of markets, not morals. High rewards for mediocre performance are unacceptable and any reward for failure is intolerable but the check and balance of RemCos and boards that exist, supported by additional transparency and annual voting on directors should be enough to do the job.On balance, I am hopeful that common sense will prevail and we will emerge from a long period of consultation that will reflect sensible adjustment, not draconian change an outcome that should comfort the doubtful and discipline the process, without demotivating the wealth creators.In his closing remarks, he will add In achieving success or controlling excess, it is the quality of the individual that is the determining factor. Government should set the climate, allowing business to deliver the goods.In corporate governance rules provide the framework people make the difference.
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North East unemployment figures receive cautious welcome
Posted on: 15/03/12
The Chief Executive of the North East Chamber of Commerce is encouraged by news that North East unemployment levels have fallen for the second month in a row. Unemployment in the North East currently stands at 138,000, or 10.8 which represents a fall of 11,000 over the quarter but a rise of 11,000 over the year. While this is still higher than the national rate by 8.4, it reflects small levels of business positivity in the region.Commenting on the news, James Ramsbotham said It is excellent news that for the second month in a row we have seen a fall in the number of unemployed people in the North East and we appear to be closing the gap on the rest of the UK. While we must not get carried away, this news must receive a cautious welcome and it does reflect increasing business positivity from our membership.Mr Ramsbotham also offered his sympathies to individuals who have been hit by cutbacks, both in the public sector and in manufacturing. However, he was also keen to focus on the regions strength areas.While we are still to experience the full impact of the public sector cutbacks, our manufacturing and engineering sector continues to provide the foundations for our economic recovery, remaining the only region with a positive balance of overseas trade and on course for another record year. This good news must be weighed against the sad news that Sanofi is to close its Fawdon plant with the loss of 400 jobs and the 515 jobs that are being lost at Rio Tinto Alcan, which confirmed its closure last week. While we welcome this good news, our sympathies lie with the people affected by those announcements.
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Sayu partner with Google for web platform success
Posted on: 14/03/12
A Stockton based web company has been confirmed as the vendor for a Google initiative aimed at helping retailers and publishers go mobile phone friendly.Sayu Limited were confirmed as the UK vendor for the GetMo Initiative after an extensive selection process by Google. The firm were chosen for their knowledge of mobile website technology, which their developed through their own dedicated mobile platform SayuConnect. A similar initiative entitled GoMo has already been successfully launched in the US, and Sayu will now help to bring this knowledge to the UK marketplace. As well as helping businesses to develop an effective strategy to access the opportunities that the new market will bring, Sayu anticipate that the announcement will help them achieve significant growth whilst also creating local jobs.Director at Sayu, Simon Pitts said The team at Sayu is delighted and proud to be confirmed as a Google vendor for the GetMo initiative. This is a significant development for us and were looking forward to working with GetMo to help businesses within the region and throughout the UK realise the importance of mobile.SayuConnect took a year to research and develop, and can now deliver a mobile website which can be integrated into any existing website platform. The system will enable ecommerce and web publishing business to take full advantage of their respective sectors.Pitts added The launch of GetMo is important as many businesses still do not realise the importance of the shift in consumer behaviour. A number of major brands have already taken the plunge, but mobile is something that will affect all businesses and publishers particularly SMEs and local businesses website owners should act now so that they dont get left behind.
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Taste success through sustainable procurement
Posted on: 14/03/12
Co-founder of Green Blacks, the organic chocolate pioneer, Craig Sams is a keynote speaker at next weeks sustainable procurement conference, which is essential for your business, whatever its size and whatever your sector.
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£15m investment in food industry research and development
Posted on: 14/03/12
The Government is set to invest £15m in new research and development projects and studies that will stimulate innovation and growth in the UKs food industries.Money will go towards RD projects that increase the efficiency, sustainability and competitiveness of the food processing and manufacturing sector.A further £500,000 is to be targeted at SMEs, to provide feasibility studies that will consider better and more cost effective systems and processes, and the delivery of better products and services across the broader agri-food sector.Jim Paice, Food and Farming Minister, said The UK has a world class reputation for innovation. I want to take this strength and use it to the economic advantage of the whole country.Thats why the Government is investing £15 million in the development of cutting edge ideas that increase efficiency and reduce waste in farming, food and drink production and manufacturing.By getting businesses innovating and enhancing the UKs reputation as a world class pioneer of new production and manufacturing techniques, the food and farming sector can be a real engine for growth.The Food Processing and Manufacturing Efficiency competition for collaborative RD funding will be managed by he Technology Strategy Board, in partnership with Defra, the Biotechnology and Biological Sciences Research Council and the Scottish Government. Proposals for business led projects will need to secure industrial leadership from the food processing, manufacturing, distribution, retail or food service sectors, rather than those inolved in primary production. The Innovation for Growth in Agriculture, Food and Drink competition for feasibility study funding will offer grants of up to £25,000 and will be available for feasibility studies that will support the rapid development of an innovative idea and demonstrate its practical feasibility. Iain Gray, Chief Executive of the Technology Strategy Board, said There are tremendous opportunities for UK businesses to develop technologies and innovative systems that can improve the competitive position of the food and drink manufacturing sector, which has a turnover of over £75 billion a year, and to help grow the British economy.We will be seeking proposals for projects and feasibility studies that will deliver innovation and technological advances throughout the UKs food and drink supply chain, creating opportunities for the export of goods and services to the wider global agri-food industry.
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£15m investment in food industry research and development
Posted on: 14/03/12
The Government is set to invest £15m in new research and development projects and studies that will stimulate innovation and growth in the UKs food industries.Money will go towards RD projects that increase the efficiency, sustainability and competitiveness of the food processing and manufacturing sector.A further £500,000 is to be targeted at SMEs, to provide feasibility studies that will consider better and more cost effective systems and processes, and the delivery of better products and services across the broader agri-food sector.Jim Paice, Food and Farming Minister, said The UK has a world class reputation for innovation. I want to take this strength and use it to the economic advantage of the whole country.Thats why the Government is investing £15 million in the development of cutting edge ideas that increase efficiency and reduce waste in farming, food and drink production and manufacturing.By getting businesses innovating and enhancing the UKs reputation as a world class pioneer of new production and manufacturing techniques, the food and farming sector can be a real engine for growth.The Food Processing and Manufacturing Efficiency competition for collaborative RD funding will be managed by he Technology Strategy Board, in partnership with Defra, the Biotechnology and Biological Sciences Research Council and the Scottish Government. Proposals for business led projects will need to secure industrial leadership from the food processing, manufacturing, distribution, retail or food service sectors, rather than those inolved in primary production. The Innovation for Growth in Agriculture, Food and Drink competition for feasibility study funding will offer grants of up to £25,000 and will be available for feasibility studies that will support the rapid development of an innovative idea and demonstrate its practical feasibility. Iain Gray, Chief Executive of the Technology Strategy Board, said There are tremendous opportunities for UK businesses to develop technologies and innovative systems that can improve the competitive position of the food and drink manufacturing sector, which has a turnover of over £75 billion a year, and to help grow the British economy.We will be seeking proposals for projects and feasibility studies that will deliver innovation and technological advances throughout the UKs food and drink supply chain, creating opportunities for the export of goods and services to the wider global agri-food industry.
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Unemployment increase slows
Posted on: 14/03/12
Unemployment has risen by 28,000 to 2.67 million in the last quarter, the Office for National Statistics.29.12 million people were in employment aged 16 and over, up 9000 on the quarter, however the unemployment rate represented 8.4 of the economically active population. Average earning increased by 1.4 in the year to January, and were down 0.5 on the three months to December 2011. Neil Carberry, CBI Director for Employment policy, said While unemployment has risen again, thankfully the pace of increase has continued to slow, as we have seen in previous months.Overall employment remained broadly flat over the past three months, but its encouraging that private sector jobs rose in the last quarter of 2011. During that period, private sector jobs more than compensated for the losses in the public sector.Growth in private sector jobs has also been driven by rising numbers of employees, rather than the self-employed, which suggests that firms are beginning to feel more confident about taking on new staff.
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Budget should tackle tax to help small business
Posted on: 14/03/12
The Forum of Private Business is calling for tax measures to help small firms drive job creation and economic growth. Part of the proposal recommends changing the existing £5,000 National Insurance holiday for the first ten employees recruited by start ups, to apply to the first two new staff taken on by all firms. According to the Forums Tax and Budget Panel Report, 54 of business owners feel the current deficit reduction programme is about right, while 44 called for wholesale changes to the structure of the UKs tax system.A third of tax and budget panel members believe that HMRC could use easier communication methods and reduce bureaucracy in the process.53 of respondents believe HMRC is doing a poor job to support them and 45 believe it is doing a poor job in targeting tax avoidance schemes. In advance of the Budget, business owners prioritised reducing fuel taxes, a VAT reduction for labour-intensive industries and removing barriers to employment, such as cutting employers National Insurance.Phil Orford, the Forums Chief Executive, said The Budget is a real opportunity to remove the growth barriers for small firms created by the complexity of the tax system. It is clearly one that should not be missed.In particular, our members want a level playing field on tax, and the UKs tax system to be conducive to business growth and success rather than a hurdle that is a struggle to overcome. It is also time to see genuine tax incentives to boost employment and investment in small businesses including more encouragement for private lenders to compete with banks and stimulate funding for all firms.
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Sportswear firm takes advantage of Government apprentice scheme
Posted on: 14/03/12
A local sportswear firm have become one of the first in the North East to take advantage of the subsidies provided by the Government-led apprentice scheme. After the Government announced plans to make funds available to SMEs looking to take on a 16-24 year old apprentice, Orion Teamwear turned to Access Training for advice. They soon discovered that they were eligible for a new £1,500 grant, and have now taken on a 17 year old apprentice, Nathan Wilson, to support the day-to-day running of the business.Orion Teamwear was established by former Scottish international rugby player Richard Metcalfe, and produces team and leisure clothing for a range of professional and amateur teams. Mark Whitely, joint owner of Orion Teamwear believes that the grant will be invaluable to the small firm, and will allow them to dedicate time and efforts to Nathans development.He said We run an extremely busy operation and needed someone who we could train up to be a key part of the team. There are only four of us here so it is so important that we get the right person to work with us, and we wanted someone who was young, bright and a blank canvas with no bad habits.Access has been really helpful and Nathans doing well - he is helping with stock management, printing, goods in and goods out and checking orders.To be eligible for the grant, an organisation must have less than 250 employees and be taking on an apprentice for the first time or for the first time in over three years. The managing director of Access Training Malcolm Armstrong believes that the additional funding will be welcomed by many small and medium businesses.Malcolm added Since the introduction of higher university fees we have seen the calibre of applicants for our apprenticeships get higher and higher, many of our apprentices now have A Levels and higher qualifications. We are matching very capable, ambitious young people to apprenticeship vacancies in companies across the North East.
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Government missing out on untapped potential in North
Posted on: 14/03/12
The gap between the North of England and South East unemployment rates are the widest on record, according to IPPR North.In a new report, it has been revealed that the North of England has experienced a labour marker double-dip over the last year, while unemployment in the South East has remained below its recession peak.Now IPPR North are calling on the Government to put more focus on cities in the North of England or risk preventing the strong economic recovery which the UK needs. Commenting on the findings, Ed Cox, director of IPPR North said There has to be a greater focus on cities in the North if we are ever to get out of the mess the UK economy is in.Cities like Manchester, Leeds and Newcastle have the potential to create real growth in the economy but this potential has to be taken seriously by the government with a focused regional policy.In the North just 5 of long term claimants left unemployment in January 2012, and the number of young people leaving unemployment in the North has reached levels not seen since the last Conservative Government in 1997. White collar jobs have also been affected by unemployment, with managers, senior officials and administrative staff hit the hardest. By contrast numbers of managers and senior officials have been increasing since the recession ended. Mr Cox has now suggested that infrastructure investment could be a positive way for the Government to encourage growth in the North.He added Investment in transport projects is one way of doing this they create jobs in the short term and create the conditions for long term growth by improving the connections between places. The government has indicated its intention to invest in the Northern Hub rail project, which will address the bottle neck around Manchester. This project is set to deliver a £4 boost to the economy for every £1 spent. We need many more projects like this one, and they need to be brought forward and begun as soon as possible. He has also recommended a five-point plan for jobs growth, which alongside infrastructure includes a targeted jobs guarantee, a regional investment bank, innovation clusters and capital allowance concessions.
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FTSE100 multi-month highs following bailout sign-off, economic data
Posted on: 13/03/12
Sentiment was clearly aided today by a number of factors, foremost of which was the approval ofthe second bailout package for Greece, and the region may get the first tranche 5.9 billion of its130 billion bailout package this month. A German ZEW economic sentiment index for March alsolifted the mood, with results coming in at 22.3 ahead of the expected 10 and a previous readingof 5.4. The data is complied form a group of 350 German institutional investors and analysts, withreference to their six-month economic outlook, and was at its highest levels since July 2010. Ifprovided the positive tone for the morning, which was subsequently supported by US retail salesdata that showed a 1.1 increase in February, in line with forecasts and ahead of a 0.6 increase inJanuary.
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FTSE100 multi-month highs following bailout sign-off, economic data
Posted on: 13/03/12
Sentiment was clearly aided today by a number of factors, foremost of which was the approval ofthe second bailout package for Greece, and the region may get the first tranche 5.9 billion of its130 billion bailout package this month. A German ZEW economic sentiment index for March alsolifted the mood, with results coming in at 22.3 ahead of the expected 10 and a previous readingof 5.4. The data is complied form a group of 350 German institutional investors and analysts, withreference to their six-month economic outlook, and was at its highest levels since July 2010. Ifprovided the positive tone for the morning, which was subsequently supported by US retail salesdata that showed a 1.1 increase in February, in line with forecasts and ahead of a 0.6 increase inJanuary.
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Jaguar Land Rover create 1,000 jobs
Posted on: 13/03/12
Jaguar Land Rover has announced the creation of 1,000 jobs at its Halewood factory on Merseyside. The additional shifts are being introduced to support increased production of the Land Rover Freelander and Range Rover Evoque. It will take the workforce at Halewood to almost 4,500, treble the number employed just three years ago. Jaguar Land Rover HR Director, Des Thurlby, commented These 1,000 new jobs are further evidence of JLRs clear ambition for continued growth. We are moving Halewood to three shifts and 24-hour operation to meet increased global demand for our products.
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FSB calls for US style body
Posted on: 13/03/12
The FSB has called for a UK version of the American Small Business Administration, that has represented small business across Government since the 50s. Acknowledging the developed entrepreneurial economy in the US, the FSB believes such a body could help to secure higher levels of productivity and innovation. In its Budget submission, the FSB has outlined how a UK version of SBA would provide a single focus for small business issues, encompassing access to finance, procurement, exporting, regulation and targeting help for less advantaged communities. It also suggests the body would be able to challenge Government departments, especially with regard to regulation that may adversely impact small business, and become a strong independent advocate for small business needs.Elsewhere in the submission, the FSB call for intelligent and creative use of the estimated £240bn public sector spending power, to avoid small businesses being excluded from procurement contracts. The Governments target of 25 of new business to SMEs, was welcomed, but pointed towards a rethink of the current approach of aggregating contracts, and a policy which requires large contracts to be divided into smaller lots for tender. Tax simplification was also raised, as the Federation supported the OTS call for a cost-benefit analysis of moving to a turnover based tax system for micro-businesses. They argue a move to turnover tax would help make it easier for small business to comply and start to address issues around compliance.
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Boardroom versus Classroom challenge launched
Posted on: 13/03/12
Local businesses and school students are set to unite today for the Boardroom versus Classroom Challenge, in a bid to encourage entrepreneurialism in schools. This years Challenge, which will be launched in 14 March, will build on the success of last years pilot which brought together three North East businesses and schools to identify commercial opportunities relating to the low-carbon and climate resilient economy.The initiative also coincides with Climate Week, and aims to give businesses with the opportunity to realise ideas which they might not have the time or resources to do normally. Ideas which came out of last years Challenge included a prototype for an environmentally friendly luxury tent, and using a decommissioned NASA space shuttle heat shield to develop a product which recovers energy rather than losing it.One of the businesses who took part in last years Challenge was C2MUK Ltd. Commenting on the experience, managing director Gary Thompson said The Boardroom v Classroom Challenge was an immensely valuable chance to explore and develop commercial opportunities relating to climate change that we wouldnt necessarily have the time or resources to do so otherwise. It was great working with the students and tapping into their ideas and enthusiasm is inspiring and practically very useful.The project is run in partnership with Climate NE, the Climate Change Schools Project and the Federation of Small Businesses.Regional Chairman at the North East FSB Ted Salmon added There is no doubt that moving to a low-carbon and resilient economy offers significant commercial opportunities. The Boardroom v Classroom Challenge teams up local innovative businesses with the next generation to make their ideas a reality while allowing young people to really use their creativity to solve climate change challenges in an entrepreneurial way.Once the challenge is launched, students will have until the end of June to develop their ideas before pitching them to their partner business. Businesses will then give feedback on the ideas and help the young innovators to identify next steps.
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Regional output growth calms recession fears
Posted on: 13/03/12
February saw an improvement in private sector business conditions across English regions, latest figures show.
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Test Factory celebrates £435,000 investment
Posted on: 13/03/12
A North East assessment and survey business is expanding following an investment if £435,000 from the Finance for Business North East Technology Fund.The investment will now help The Test Factory to enhance its product portfolio, with the hope of enabling the firm to take advantage of opportunities in key growth areas including Asia and Australasia.
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Sintons offer vital advice to EEIF members
Posted on: 13/03/12
A Newcastle Law Firm has joined forces with the Energy and Environmental Industries Forum to address the challenges and opportunities facing the sector as it grows. At an event, entitled Legal Issues in the energy and environment sector, Sintons LLP will look at the latest regulatory and legislative changes in the industry. Specific issues up for discussion will comprise of environmental, health and safety and fire risk issues. Speakers will include Mark Quigley and Matt Collen, both of whom are partners at Sintons. Mark frequently represents companies facing enforcement action by regulators, while Matt specialises in corporate finance, often advising on banking and finance transactions, insolvency and probate equity. Nikki Silcock, director at the EEIF, said Given the scale, complexity and in some cases cost of many projects and businesses operating in these industries, the regulatory challenges they face are considerable. Were delighted to be able to give our members an opportunity to speak with experts in this field from Sintons who will provide valuable insights into the latest issues and challenges. Ian Hughes, managing director of Green Dragon in North Tyneside will also be speaking at the event. Green Dragon specialise in tailor made safety, environment and fire risk solutions for businesses. Karen Simms, partner and head of the Energy, Renewables and Resources sector group at Sintons hopes that the seminar on March 21 will give businesses operating in the area an inside track on some of the latest regulatory and legislative issues which could affect them.She added The North East is already becoming a leading region for companies in the energy and environmental sector. We have good natural assets, a developing infrastructure and the right knowledge and skills to be very successful. At the same time, the challenges we face in growing the industry, from both a financial and regulatory position, are not insignificant.The EEIF was established to act as the voice of the North East low carbon environmental goods and services industries.
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Record increase in female board members
Posted on: 13/03/12
Increasing numbers of women are being appointed to decision-making roles in business, according to a Government report.One year ago, Lord Davies of Abersoch was asked to review the economic and social benefits of encouraging women to take up senior businesses. Reflecting on his findings, Lord Davies believes that a culture of change is now taking place in relation to how women are seen within the workforce.He commented Some excellent work has taken place and I want to take this opportunity to thank the many Chairmen, Chief Executive Officers, business organisations, training providers, networks, journalists and individual business men and women whose commitment to this issue remains unstinting. However, I must also emphasise that efforts need to be ramped up and the speed of change accelerated if were to avoid Government interference.Between 2008 and 2010, the number of female directors on boards increased by less than 1 annually, but in the 12 months since the report was published, the largest annual increase of women on boards has been recorded.As of the end of February 2012, women account for 15.6 of all directorships within the FTSE 100 - up from 12.5. 27 of all board appointments have been taken up by women, an increase of 14 and mow only 11 male-only boards remain. This progress is particularly encouraging, considering the long lead times involved between a board position opening up and the confirmation of a new appointment. According to the Cranfield School of Management Female FTSE report, if the current momentum is maintained then a record 26.7 of female board representation in FTSE 100 companies would be achieved by 2015. Secretary of State for Business, Vince Cable said Increasing female board representation is a win-win proposition for business. Well-balanced boards with broader experience introduce fresh perspectives and new ideas, which help improve performance and boost productivity.This report provides real evidence that business is taking the issue of board diversity seriously and is working to bring about the necessary changes. It demonstrates why we dont think quotas are necessary at the moment as the UK is making the voluntary approach work.Within the FTSE 250, women make up 9.6 of all directorships, and for the first time ever all-male boards are in the minority. Over the next year, Lord Davies and his panel will prioritise work towards reaching the 25 target in FTSE 350 companies, and on building a sustainable and credible supply of board-ready women through training and development initiatives.
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Chocolate pioneer announced as Team Tomorrow keynote
Posted on: 13/03/12
Craig Sams, co-founder of organic chocolate pioneer Green Blacks has been announced as guest speaker at Get It Sussed, the upcoming sustainable procurement conference organised by Team Tomorrow, NewcastleGateshead Initiative and One North Easts programme of events for businesses in the region to engage with London 2012 opportunities.
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Food to dine for at Rockliffe Hall
Posted on: 13/03/12
Throughout March foodies can enjoy complimentary wine, prosecco or champagne when dining at one of Rockliffe Halls three restaurants.
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Food to dine for at Rockliffe Hall
Posted on: 13/03/12
Throughout March foodies can enjoy complimentary wine, prosecco or champagne when dining at one of Rockliffe Halls three restaurants.
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Northern business confident despite challenges
Posted on: 13/03/12
Northern businesses have emerged as the most confident in the fight back across the first quarter of 2012.According to the latest ICAEWGrant Thornton UK Business Confidence Monitor survey, the region seems to be showing resilience. ICAEW Regional Director Keith Proudfoot says Northern businesses seem determined to fight back and are continuing to show great resilience and determination in the face of adversity. The financial performance of local firms is actually holding up relatively well. This optimism may have been boosted by the fact that more capital investment is likely to follow in the region, as both Teesside and Tyneside have been named as Centres for Offshore Renewable Energy CORE. This will allow the region to receive additional government support for obtaining investment linked to offshore wind farms. Tata Steel is investing an additional £2m in its Hartlepool mills to enable them to accommodate the growing European offshore wind turbine market.Despite the promising findings, 43 of firms in the region have found levels of customer demand a greater challenge than a year ago, and as export growth has fallen sharply this quarter, risks remain.Keith added Hiring intentions among Northern Englands private sector businesses remain relatively buoyant this quarter. Over the coming 12 months, firms in the region expect to increase their employee numbers by 2.0 on average. Roughly 1,500 private sector jobs will be created or safeguarded in the region by the European Regional Development Fund Competitiveness Program, which aims to help businesses increase turnover.He went on to highlight the regions dependence on the public sector for employment as a barrier to job prospects, as one in four employees are public sector workers.
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Northern business confident despite challenges
Posted on: 13/03/12
Northern businesses have emerged as the most confident in the fight back across the first quarter of 2012.According to the latest ICAEWGrant Thornton UK Business Confidence Monitor survey, the region seems to be showing resilience. ICAEW Regional Director Keith Proudfoot says Northern businesses seem determined to fight back and are continuing to show great resilience and determination in the face of adversity. The financial performance of local firms is actually holding up relatively well. This optimism may have been boosted by the fact that more capital investment is likely to follow in the region, as both Teesside and Tyneside have been named as Centres for Offshore Renewable Energy CORE. This will allow the region to receive additional government support for obtaining investment linked to offshore wind farms. Tata Steel is investing an additional £2m in its Hartlepool mills to enable them to accommodate the growing European offshore wind turbine market.Despite the promising findings, 43 of firms in the region have found levels of customer demand a greater challenge than a year ago, and as export growth has fallen sharply this quarter, risks remain.Keith added Hiring intentions among Northern Englands private sector businesses remain relatively buoyant this quarter. Over the coming 12 months, firms in the region expect to increase their employee numbers by 2.0 on average. Roughly 1,500 private sector jobs will be created or safeguarded in the region by the European Regional Development Fund Competitiveness Program, which aims to help businesses increase turnover.He went on to highlight the regions dependence on the public sector for employment as a barrier to job prospects, as one in four employees are public sector workers.
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Markets flat as Chinese trade data disappoints
Posted on: 12/03/12
Markets began the week in uninspiring fashion as major European indices struggled for directionat the open. Asian stocks were lower following data over the weekend that showed Chinas tradedeficit was 31.48 billion in February, with exports sharply lower amid Europes weak economy.It helped stoke fears of a slowdown in China, the worlds second largest economy, which recentlyannounced that it was targeting growth of 7.5 in 2012 following years of 8 plus GDP growth.The news ensured that mining stocks and others linked to Chinas economy were weaker with thebuying of equities focused on the more defensive sectors.
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North East colleges recognised by Peter Jones academy
Posted on: 12/03/12
Two North East colleges have been granted hub status by the Peter Jones Enterprise Academy, in recognition of their work in developing young entrepreneurs. Enterprise will inform an increasing part of the colleges curriculum, with new qualifications designed by the Dragons Den star.The Enterprise Academy was founded by Peter Jones CBE, with the aim to encouraging more entrepreneurial activity within the UK, based on a philosophy of learning by doing. Robin Ghurbhurun, Deputy Principal at Newcastle College, said To be named as a north east hub for the Peter Jones Enterprise Academy is a massive coup and testament to our commitment to develop and support the next generation of entrepreneurs. Newcastle College is committed to embedding enterprise across the curriculum to support and empower young people to be entrepreneurial and develop their own business ideas. Small businesses and start-ups make a huge contribution to our economy, creating jobs, growth and investment. Newcastle College shares the academys ethos of learning by doing and we hope this partnership will inspire and support many more people to develop their skills and ideas into sustainable enterprises.Angela ODonoghue, Principal at Sunderland College said The Peter Jones Enterprise Academy is a really exciting initiative that teaches business skills in a truly practical sense. These courses will allow students to learn from the very best. Students can enrol now for courses starting in September and we expect demand for places to be high as Sunderland College will be only one of 35 centres across the country to offer the courses.We will be working alongside the BIC Business Innovation Centre in Sunderland, which plays host to around 120 small businesses. Here students will receive support and will have access to premises, facilities and advice to help shape their business plan from their innovation support specialist. We want to make it as easy as possible for young entrepreneurs to develop their ideas and help them grow to become fully fledged businesses contributing to the local and national economy.Peter Jones CBE, founder of the Peter Jones Enterprise Academy, added With record levels of youth unemployment, I believe it is a priority to inspire more young people across Britain to consider a different career path an entrepreneurial one. Our growing Academy network aims to equip young people with the skills, confidence and experience to unleash the entrepreneur in them. I would like to welcome the 18 new colleges to our Academy network - through them we can reach out to more young people in the UK and prepare them for an entrepreneurial future.
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Alcan opens doors to prospective employers
Posted on: 12/03/12
Regional employers are to be invited to the Rio Tinto Alcan Smelter in Lynemouth, to tap into the skilled workforce who are set to lose their jobs when the plant closes in June. On April 3 the factory will open its doors to businesses looking to expand their workforce, at an event which Caroline Kennedy, Rio Tinto Alcans UK human resources director hopes will help the skilled workforce showcase their skills. She commented We have a vast range of skills and experience here and I am sure that North East employers will want to capitalise on the availability of those assets. Our workforce can hold their heads high and compete with the best when it comes to securing new employment. Companies in the North East who attend our Job Fair will be rewarded by meeting highly skilled, loyal people who have the passion and commitment that makes for the dedicated, high-performance workforce that we have enjoyed at Lynemouth. A wide range of skills have been developed at the plant in a number of areas including operations, leadership, administration, engineering, finance, and disciplines associated with operating a large manufacturing site. Nissan is just one of the regions leading employers which have already confirmed their attendance but Caroline Kennedy hopes to welcome companies of all sizes and disciplines with job opportunities to Lynemouth next month. She added Our employees have excellent transferable skills and experience of working to the highest safety standards. Many drive various plant vehicles and operate a range of different tools and machines. They also have a vast experience of Lean Manufacturing techniques.
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SCM Pharma expands production capabilities
Posted on: 12/03/12
A Northumberland based pharmaceutical manufacturer is expanding its product filling capability after placing a major new order to help deal with clinical trials and commercial supply contract wins. SCM Pharma have invested over £500,000 in new vial filling equipment, which will help the firm deliver increased capacity and efficiency, and will also be integrated with its existing technology.The move follows an increased demand for liquid and powder filling from new and existing clients who have scale up requirements. The firm also has aspirations to move into the US market, and will use the Interphex trade exhibition in New York next month to showcase its capabilities to the US market. Dianne Sharp, managing director at SCM Pharma, said The new kit represents a major investment for the business and will help us strengthen our position in the market in relation to the filling of new and existing drug products into vials. It will allow us to handle more specialist in-demand products such as cancer drugs, which we can safely fill at speed into vials and ampoules to meet the demands of our clients. We also look forward to flying the flag once again for the regions manufacturing sector in the US.The firm is one of only a handful who can handle and produce certain, novel, difficult and dangerous products. While the investment is set to be a step change in the firms current filing capabilities, it will remain at a scale which will be of interest to companies requiring products for clinical trials and the supply of licenced drugs needed in niche markets.The company recently announced a contract to develop and manufacture an injectable product for Ireland-based BrePco BioPharma to be used in a clinical trial researching the treatment of critically ill premature babies suffering from hypotension. After a major recent recruitment drive, SCM Pharma now employs over 80 staff. The company, which has been nominated for two North East business awards, now works with several top specialty pharmaceutical companies in Europe and many of the big pharma firms.
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SCM Pharma expands production capabilities
Posted on: 12/03/12
A Northumberland based pharmaceutical manufacturer is expanding its product filling capability after placing a major new order to help deal with clinical trials and commercial supply contract wins. SCM Pharma have invested over £500,000 in new vial filling equipment, which will help the firm deliver increased capacity and efficiency, and will also be integrated with its existing technology.The move follows an increased demand for liquid and powder filling from new and existing clients who have scale up requirements. The firm also has aspirations to move into the US market, and will use the Interphex trade exhibition in New York next month to showcase its capabilities to the US market. Dianne Sharp, managing director at SCM Pharma, said The new kit represents a major investment for the business and will help us strengthen our position in the market in relation to the filling of new and existing drug products into vials. It will allow us to handle more specialist in-demand products such as cancer drugs, which we can safely fill at speed into vials and ampoules to meet the demands of our clients. We also look forward to flying the flag once again for the regions manufacturing sector in the US.The firm is one of only a handful who can handle and produce certain, novel, difficult and dangerous products. While the investment is set to be a step change in the firms current filing capabilities, it will remain at a scale which will be of interest to companies requiring products for clinical trials and the supply of licenced drugs needed in niche markets.The company recently announced a contract to develop and manufacture an injectable product for Ireland-based BrePco BioPharma to be used in a clinical trial researching the treatment of critically ill premature babies suffering from hypotension. After a major recent recruitment drive, SCM Pharma now employs over 80 staff. The company, which has been nominated for two North East business awards, now works with several top specialty pharmaceutical companies in Europe and many of the big pharma firms.
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Coast Country named on top employer list
Posted on: 12/03/12
A Tees Valley Housing Association has been recognised as one of the best not-for-profit organisations in the UK. Coast Country was included in the list compiled by the Sunday Times, after 73 of staff reported that the housing association was a low stress place to work. The majority of workers also indicated that they were happy with their pay and benefits, and the recognition they receive when providing services to residents.The non-for-profit regeneration and housing firm is one of the largest in the North East, and manages more than 10,000 homes across the Redcar and Cleveland area and employs over 500 staff.To compile the results, the Sunday Times surveyed nearly 50,000 employees from more than 250 organisations. The top 100, out of which Coast and Country came 73rd, highlights the best not-for-profit businesses to work for in the UK.Iain Sim, chief executive of Coast Country attributed the inclusion of the company to the excellent quality of its staff.He commented Coast Country has always been a people company with our employees hugely passionate about the work they do and the customers they serve. Every single person in the company plays a vital role in the running of the business.Our staff are our greatest asset and we are committed to supporting them by nurturing their career development, treating them with respect, providing a healthy work-life balance and driving staff empowerment initiatives.A substantial element of the ranking is based on confidential employee feedback about what they think of the company. The high standard of human resources policies in place to support our staff is demonstrated by the substantial percentage of employees reporting low stress and being happy with their pay and benefits.
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Government steps up SME contracts
Posted on: 12/03/12
The Government has announced it will increase spending on contracts awarded to SMEs, from £3bn to £6bn by the end of the year. Minister for the Cabinet Office Francis Maude revealed the figures as he marked the year anniversary of the Governments new approach to doing business with smaller companies. A report on the progress made shows the amount of business going to SMEs across central government is on track to double from 6.7 to 13.7 by the end of the financial year. Mr Maude, said We said we wanted to improve things for smaller businesses and today we have shown that the measures we introduced a year ago are making a difference.Governments might be able to print money but it is SMEs who make it successful SMEs are crucial to the future of this country and can save taxpayers money with innovative new ideas. Doubling the amount of business going to these companies is no small feat but we will now go further. We are determined to shake up public buying so radically that there is no turning back to old days of SMEs being shut out.Some of the key measures to be introduced include a new approach to IT contracts with felxible, cheaper solutions prompter payment for SMEs extending the investigative Mystery Shopper service, where SMEs can complain about procurements and trigger an investigation better dialogue between Government and smaller businesses, and new commitments from large private sector companies.The new package of measures is intended to drive faster and deeper progress in opening up business to smaller companies. Dr Tim Bradshaw, CBI Head of Enterprise and Innovation, said The progress which the Government has made enabling SMEs to supply it with goods and services, whether directly or through supply chain partners, is to be welcomed.Winning a contract to supply goods and services to the Government can provide a vital springboard for businesses looking to expand their operations. It is positive that the Government is becoming more open to the potential for innovative ideas and delivery from companies of all sizes.The public sector currently spends £230bn a year on goods and services, roughly 15 of the UK economy, and £1 for every £7 spent in Britain.
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£16m Cumbrian wind farm gets go-ahead
Posted on: 12/03/12
Banks Renewables has got the go-ahead to build its first wind farm in Cumbria, thanks to a £16 million funding agreement with the Co-operative Bank.Banks Renewables, part of the Banks Group, will now begin work on the Armistead Wind Farm which will be located on land near the village of Old Hutton in South Cumbria. The site, to the east of the M6 between junctions 36 and 37 will have an installed capacity of 12.3MW, which is enough to meet the needs of around 6,800 homes. The creation of the wind farm will also avoid the release of around 13,500 tonnes of carbon dioxide, which would have been resulted from generating the same amount of evergy by non-renewable means.The project will also create a number of new jobs locally, as well as commercial opportunities for local firms and a community benefits fund worth over £300,000 across the 25 year lifespan of the project. Group commercial director at the Banks Group Neil Brown believes that the the scheme gives further strength to Banks reputation within the onshore wind industry, which he is now keen to expand further.
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New Starts
Posted on: 12/03/12
Business law firm DWF have confirmed the reappointment of Andrew Leaitherland as managing partner for a further three year term. Since Andrews appointment in 2006, DWF has seen sustained double digit, year-on-year growth in revenue and net profit. Chairman, Alan Benzie, added Andrew has been the prominent force behind the consistent and highly successful growth realised by the business in recent years. His re-appointment was uncontested, recognising the partnerships belief that with his continuing leadership the firm will achieve its strategic ambitions and undoubtedly much more.Rob Langley, partner and head of the Construction and Engineering Team at Muckle LLP has been elected President of Newcastle Law Society for 201213.The prestigious position recognises Robs national reputation as a solicitor in the region. On his election, Rob said It is a great honour to be elected by my peers to the role of President of the Newcastle upon Tyne Law Society. As well as representing the legal profession in the region, I will also be discussing the challenges facing the profession nationally and speaking to government on legislative issues.Durham Tees Valley Airport has appointed We Do to deliver its marketing activity, and Emma Ormerod will take the lead.Emma, an Account Director at We Do, previously worked at the airport for eight years, and will deliver the new strategy being developed by the Peel Group. She said This is a challenge which I and the rest of the We Do team are looking forward to. Durham Tees Valley has been through some pretty tough times but I firmly believe we can work with the Peel Group and the local team led by Airport Manager Shaun Woods to stabilise the current business and move forward to develop new opportunities. KPMG in Newcastle has recruited three specialists as it invests further in its ability to advise North East businesses on tax.Lois Tack will focus on transfer pricing, advising inbound and outbound companies on planning, documentation, and thin capitalisation Michael Doran is a manager specialising in international executive services and Paul Price will lead KPMGs indirect tax team.David Elliott, head of tax at KPMG in Newcastle, said Im delighted to offer clients the breadth of tax advice, from professionals here on their doorstep, that the appointments Lois, Michael and Paul enable.
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Chaotic Greek default averted although CDS contracts likely
Posted on: 09/03/12
Much of todays headlines were dominated by news from Greece where it was revealed that atotal of 85.8 of bondholders had agreed to the bond swap by yesterdays late deadline. Fallingshort of the 9095 mark that would pave the way for the countrys second EUIMF bailout,Greece was forced to impose its collective action clauses and force smaller investors to partake inthe restructuring. Whilst many are sure this will constitute a credit event, the final decision restswith the International Swaps Derivatives Association, who met at 1pm today and as at the timeof writing hadnt released a decision. The outcome of their meeting would dictate whether the 3billion of outstanding CDS contracts would be triggered.
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Chaotic Greek default averted although CDS contracts likely
Posted on: 09/03/12
Much of todays headlines were dominated by news from Greece where it was revealed that atotal of 85.8 of bondholders had agreed to the bond swap by yesterdays late deadline. Fallingshort of the 9095 mark that would pave the way for the countrys second EUIMF bailout,Greece was forced to impose its collective action clauses and force smaller investors to partake inthe restructuring. Whilst many are sure this will constitute a credit event, the final decision restswith the International Swaps Derivatives Association, who met at 1pm today and as at the timeof writing hadnt released a decision. The outcome of their meeting would dictate whether the 3billion of outstanding CDS contracts would be triggered.
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Exporting for Growth competition reaches final stages
Posted on: 09/03/12
11 North East Businesses looking to export their products and services are set to go head to head for a chance to win more than £5000 worth of support from UK Trade and Investment UKTI. Many businesses entered the UKTI Exporting for Growth Competition, which aims to encourage more SME businesses to consider exporting by offering a comprehensive package of support to the best idea. UKTI Regional Director David Coppock said The judges task has already been a difficult one, but weve now got 11 finalists from a wide range of sectors ready to showcase some really innovative ideas and why now is the right time for them to take up the export challenge.The prize on offer could well be the springboard to international growth that they need.But the competition is also important in a wider sense as it has helped raise awareness ofthe importance of exports to the regions economy and Im hoping this will help us reachour target of helping 500 more companies become exporters this year. At a special event this Monday 12 March, the finalists will present their ideas to a live audience of business leaders and a judging panel, which will be headed by former BBC dragons Den entrepreneur Richard Farleigh.He added The North Easts future prosperity will not come from domestic markets alone.Across the world there are markets that are showing strong, long-term growth. We want tomake sure that the regions firms are not just trading abroad but thriving there.Over the last 12 months North East exports reached a £13.211 billion, a 16 increase on the previous year. Richard Podd, Director at PwC in the North East, said As exports from the region aregrowing more strongly than much of the rest of the country we must harness this growth tocreate jobs and help lift the UK out of the economic slump. The many SMEs based in the North East have a key role to play in this. Overseas markets offer many opportunities for them and as there continues to be strong demand for North East products there is no better time to step up to the challenge.
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Construction output falls in January
Posted on: 09/03/12
Latest construction figures released today indicate that construction output in January fell by 12 on the previous month. Noble Francis, economics director at the Construction Products Association was unsurprised by the statistics from ONS, which also showed that output was down by 11 on the previous three months.Attributing the decline to the effect of public sector cuts, he commented What is extremely disconcerting is that while public sector construction activity has fallen 12 per cent in the three months to January compared to the previous three months, private sector construction has fared almost as badly, falling 10 per cent over the same period.He is now calling on the Chancellor to consider mechanisms which could boost the sector.He added The government has made much play on private sector construction leading the recovery, as the public sector cuts begin to bite. Unfortunately from the ONS data out today, this recovery is just not happening and even commercial activity, usually the largest private construction sector is showing a fall of 11 percent. With this evidence, it is imperative that the Chancellor uses his budget speech later this month to provide an urgent boost to kick start construction activity, so as to get the economic recovery back on track.
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Northern business confident despite challenges
Posted on: 09/03/12
Northern businesses have emerged as the most confident in the fight back across the first quarter of 2012.According to the latest ICAEWGrant Thornton UK Business Confidence Monitor survey, the region seems to be showing resilience. ICAEW Regional Director Keith Proudfoot says Northern businesses seem determined to fight back and are continuing to show great resilience and determination in the face of adversity. The financial performance of local firms is actually holding up relatively well. This optimism may have been boosted by the fact that more capital investment is likely to follow in the region, as both Teesside and Tyneside have been named as Centres for Offshore Renewable Energy CORE. This will allow the region to receive additional government support for obtaining investment linked to offshore wind farms. Tata Steel is investing an additional £2m in its Hartlepool mills to enable them to accommodate the growing European offshore wind turbine market.Despite the promising findings, 43 of firms in the region have found levels of customer demand a greater challenge than a year ago, and as export growth has fallen sharply this quarter, risks remain.Keith added Hiring intentions among Northern Englands private sector businesses remain relatively buoyant this quarter. Over the coming 12 months, firms in the region expect to increase their employee numbers by 2.0 on average. Roughly 1,500 private sector jobs will be created or safeguarded in the region by the European Regional Development Fund Competitiveness Program, which aims to help businesses increase turnover.
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Best Companies success for local IiP organisations
Posted on: 09/03/12
A number of Investors in People organisations based across the North of England have achieved places on the prestigious Top 100Companies to Work For list 2012, published by The Sunday Times.
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Apex celebrate Humberside schools contract
Posted on: 09/03/12
A Durham based electronics firm has won the contract to supply modular wiring system for two new schools in Humberside.The contract will see Apex Wiring Solutions providing pre-wired distribution boards, pluggable lighting and power products for the Northern Academy and Andrew Marvell Business and Enterprise College.Both establishments are part of the Hull Building Schools for the Future programme, which is a £465 million public-private partnership delivered by infrastructure firm Morgan Sindall. The initiative will provide new educational facilities as part of a city-wide social and economic regeneration initiative.The new system, which will include new lighting and power systems, will help to cut installation times and waste for the schools.Apex is very experienced in this field, having supplied wiring products to over 50 PFI and ProCure 21 schemes, including the new Royal London and St Barts hospitals in London.
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Energy Minister Visits North East
Posted on: 09/03/12
Minister of State for Energy and Climate Change Charles Hendry has visited the region to discuss Government plans for the future of the UK energy industry. Speaking at the NOF Energy Conference in Gateshead, Mr Hendry discussed the opportunities and challenges businesses operating within the North East oil, gas, renewables and nuclear sector are set to face during the next decade.
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Energy Minister Visits North East
Posted on: 09/03/12
Minister of State for Energy and Climate Change Charles Hendry has visited the region to discuss Government plans for the future of the UK energy industry. Speaking at the NOF Energy Conference in Gateshead, Mr Hendry discussed the opportunities and challenges businesses operating within the North East oil, gas, renewables and nuclear sector are set to face during the next decade.
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Achieve successful women in business
Posted on: 08/03/12
Positive female role models are out there for businesswomen, but they need to be given more recognition was the overall message from delegates at the Achieve International Womens Day, North East Conference.Organised by the Entrepreneurs Forum, the event brought together women from across the region to discuss the opportunities available to them, as well as the difficulties they may face on a daily basis.Throughout the day, a number of inspirational speakers shared their personal business experiences, including Sara Murray, founder of Confused.com, Heather Jackson CEO of An Inspirational Journey and Fiona Cruickshank, founder of SCM Pharma. Nicola Short, Executive Director of the Entrepreneurs Forum believes that the event will provide inspiration for women, whether they want to do more within their own corporate environment, develop their own brand or succeed as an entrepreneur.I think it is inherent that women have a culture of self-doubting, which is why we are trying to foster a culture of self belief within the Forum. As well as inspiring women, we believe the event will allow women to make connections with each other, so that they then ask each other for advice and help, and its ultimately fast-tracking knowledge.While each individual at the event was a successful businesswoman in her own right, individual views of female capabilities and responsibilities differed vastly within the room. Sarah Davis, founder of Crafters Companion believes that women face more barriers than their male counterparts in the workplace.She commented I think a women we have an awful lot more responsibility than men sometimes have, and it can be difficult when you are constantly reminded by media about the tiny proportions of women who are in in top business positions or who succeed as entrepreneurs.However, days like today can give us the opportunity to build up that confidence, and say actually its not like that at all.Heather Jackson, chief executive of An Inspirational Journey, works closely with a number of international businesses to help them create better gender balanced management teams. While she supports the idea of encouraging more women to enter into top business positions, she believes that only by combining male and female skill sets will businesses fully recognise their potential.The only way forward now is to recognise that its skills and capabilities that lead us in whatever were doing. said Heather. Actually men and women are equal but were different and never before has there been a time until now for women to be accepted as women within business, and for men to accept their roles as well, but to work together, using their skills and capabilities.Throughout the day, delegates engaged in frank discussion about the difficulties of setting up business. Kirsty Henshaw set up her frozen dessert business Worthenshaws as a single parent with very little money. She was keen to stress the importance of persistence and determination, to would-be entrepreneurs. I started with nothing,and I thought oh, I will never be able to do this, but persistence and passion really got me through.Its a lonely place when you are setting up a business, and even if youre the boss youre still quite on your own, so events like this are good for interaction and kind of a good boost really.The aim of the day was to encourage women to be inspired, make connections and share knowledge. While there is no doubt that this was achieved, it is even more important that the women who were in attendance spread this message, acting as ambassadors for women who are succeeding in business.
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North East Exports witness record £13.5bn growth
Posted on: 08/03/12
The North East exports industry grew by a record amount during the last quarter, bringing the 12-monthly total up to a record £13.5 billion. Between October and December 2011, the North East witnessed exports from the region reaching £3.62 billion, one of only eight English regions to do so.This figure also represents a 13 increase on the previous 12 months, compared to just less than 12.The region, alongside Yorkshire and Humber, also recorded a small increase in the number of firms involved in international trade. During 2011, 1,555 North East firms exported goods around the globe, an increase of 1.8 per cent compared to 2010.Ford Aerospace Limited, in South Shields, was one of those firms. The firm specialises in supplying components and precision machined products to the global aerospace industry. Commenting on the support the firm has received from UK Trade and Investment UKTI to facilitate this, managing director Mark Podmore said With UKTIs support we have managed to secure new clients in several overseas markets and have now signed up new agents in China which has led to more new business for us.This has enabled us to increase turnover and sustain employment and we hope this trendwill continue as our relationship with China develops further.Todays figures also revealed that the fastest growing single market for the region duringthis quarter was South Africa, with exports to that country increasing by £88.5 million, or 99 percent to give a total of £178 million in the past 12 months. The USA remains the largest singlemarket for North East goods with a 12-month export value of £2.4 billion, an increase of 37 percent on the previous 12 month figure.Among the regions other fastest growing markets were Canada, an increase of £67 million or57 per cent to give a total of £184m and Russia, an increase of £337 million or 47 per cent togive a total of £1.06billion.David Coppock, UKTI Regional Director was delighted by the regions excellent performance. He said Its also encouraging to see that more North East companies are taking up the exportchallenge and UKTI will be working hard in its bid to help find 500 new exporters.Overseas markets offer a host of opportunities and there continues to be a strongdemand for North East products, as companies such as Ford Aerospace Limited hasproved. Our challenge now is to build on this strong growth and I would urge companies totake up the export challenge and contact UKTI to find out how we can help.
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Relieving the Headache of SmartphonesiPads in Business
Posted on: 08/03/12
There is a growing demand for employees to be able to use their own smartphonesmobile devices in the workplace, but how can IT departments cope GPs are even being told to recommend the use of apps to their patients - but surely they all need the right tools to demonstrate these apps securely to their patients
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Live at International Womens Day ACHIEVE conference
Posted on: 08/03/12
Bdaily is talking to female entrepreneurs speaking at todays ACHIEVE conference in Newcastle. In the first of our interviews, Editor Ruth Mitchell talks to Sarah Davies, founder of Crafters Companion. Listen to what Sarah had to say a hrefhttpmedia.bdaily.s3.amazonaws.comaudiobdaily-talks-to-sarah-davies-of-crafters-companion.mp3herea.
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Eco-innovation centre set to bolster North West
Posted on: 08/03/12
Scientists at Lancaster University and the University of Liverpool will lead a new global eco-innovation centre, which will foster developments in green technology and services.The £9.8m Centre for Global Eco-Innovation CGE, led by Lancaster University in partnership with the University of Liverpool, will also strengthen the regions economy in key export markets.It will provide research and development expertise to hundreds of the regions companies which are working on solutions to environmental problems. The virtual centre has been developed in partnership with Inventya Ltd at the Daresbury Science and Innovation campus and will receive £4.9m from the ERDFs North West operational programme.Working across businesses in sectors such as chemicals, environmental technologies, digital, and high value manufacturing the centre will bring a number of new graduate jobs to the region, with posts used as the collaborative basis of a PhD programme. The formal launch will come in spring, with the first cohort of 50 graduates to join in October for three years.International focus in the centre means a portion of the graduates are anticipated to be recruited from overseas.Dr Mark Bacon, faculty director for Business Partnerships and Enterprise in Science and Technology, and Dion Williams, head of Knowledge Exchange Support will lead the programme, and Dr Ruth Alcock of Lancaster Universitys Environment Centre will manage.
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Social housing providers faced with funding gap
Posted on: 08/03/12
Social housing providers are being forced to seek new sources of funding to revive their development programmes, research suggests.The survey from accountancy firm BDO asked senior executives from 60 providers on their views about the current position, and looking to the future.Banks were found to be raising the cost of loans or reducing the period for which they will lend, despite over 70 of social housing providers seeking to raise new funding this year.Bonds were identified as the most popular option for new finance, as the longer-term loan profile preferred by social housing providers, lends itself to bond financing as banks tend to cap lending periods at a decade or less. Philip Rego, Partner and Head of BDOs Social Housing practise commented It is clear from what providers are telling us that the sector faces a severe funding gap. The need for an increase in social housing stock in the UK has never been greater, so its concerning that providers are experiencing difficulties. Its not for everyone, but Capital markets provide a definite alternative to bank debt financing and this option should be explored by those social housing providers that require capital to fund expansion. Both bond and equity markets provide borrowers with an excellent stream of long-term funding and financial institutions with an alternative way to cover long term liabilities.Elsewhere, providers were turning to joint ventures with private developers to expand or accelerate their development programmes, share risk and access skills. It was shown that 46 of social housing providers surveyed are working with, or considering a private partner. Impending changes to the UK Real Estate Investment Trust REIT regime, were also noted as another emerging stream of funding.The changes should enable smaller organisations to enter the UK REIT regime at lower cost, and could enable social housing providers to put part or all of their rented housing portfolio into a UK-REIT, listing them on AIM in order to raise equity. Mr Rego added The government says that it is making housing the cornerstone of its plans for economic growth and recovery.However, this sector faces a major funding shortfall. Whilst some have the strength to bridge that gap, many will soon be severely challenged to source alternative finance from yesterdays traditional models without some painful pricing implications and acceptance of greater commercial risk.
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Gentoo reveal low energy homes
Posted on: 08/03/12
Housing provider Gentoo have launched a series of innovative low energy homes that bypass the need for a traditional heating system.David Orr, chief executive of the National Housing Federation visited the North east to show his support for the creation of 28 energy efficient bungalows, built to German PassivHaus standards.The developmen in Houghton-le-Spring is believed to be the first PassivHaus scheme of this scale in the UK, and has achieved formal accreditation from the Building Research Establishment BRE.Peter Walls, Chief Executive of Gentoo said Gentoo is proud to be known for pushing the boundaries of housing design and when our research into carbon reduction led us to the PassivHaus concept, we knew we needed to bring it to the region. The build quality was unique and a challenge for everyone involved - however, the power of collective working has helped us to champion this innovative and unique project. With Housing accounting for around 27 of the UKs total carbon emissions and the continuing rise in the cost of domestic energy bills in the UK, it is hoped that our approach will assist in the fight against fuel poverty and help set a precedent for reaching the Governments overall carbon reduction targets by 2050.The homes rely on solar gain, air tightness and super high standards of insulation. The design channels passive heat from sunshine through windows, and also generated from people and appliances in the home.Gentoo used Devereux Architects as their PassivHaus consultant the concept was first developed during the early 1990s in Germany to provide excellent living conditions during summer and winter. Given their low energy demand, the homes are estimated to have an annual energy bill for heating and hot water of just £68, and residents will benefit from air quality, noise reduction and more comfortable temperatures.Anne Mulroy, Head of Area at the Homes and Communities Agency HCA said It is fantastic that our investment of £200,000 has helped Gentoo build such amazing homes. It shows what can be achieved for local people.Harry Trueman, Deputy Leader of Sunderland City Council also noted the benefits for elderly residents.He said Elderly people are often the most affected by extremes of weather and can strugglewith rising energy prices. Living in state-of-the-art homes like these, which will stay warm in winter and cost much less to heat will be extremely beneficial for all the residents who are lucky enough to live in one.
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Gentoo reveal low energy homes
Posted on: 08/03/12
Housing provider Gentoo have launched a series of innovative low energy homes that bypass the need for a traditional heating system.David Orr, chief executive of the National Housing Federation visited the North east to show his support for the creation of 28 energy efficient bungalows, built to German PassivHaus standards.The developmen in Houghton-le-Spring is believed to be the first PassivHaus scheme of this scale in the UK, and has achieved formal accreditation from the Building Research Establishment BRE.Peter Walls, Chief Executive of Gentoo said Gentoo is proud to be known for pushing the boundaries of housing design and when our research into carbon reduction led us to the PassivHaus concept, we knew we needed to bring it to the region. The build quality was unique and a challenge for everyone involved - however, the power of collective working has helped us to champion this innovative and unique project. With Housing accounting for around 27 of the UKs total carbon emissions and the continuing rise in the cost of domestic energy bills in the UK, it is hoped that our approach will assist in the fight against fuel poverty and help set a precedent for reaching the Governments overall carbon reduction targets by 2050.The homes rely on solar gain, air tightness and super high standards of insulation. The design channels passive heat from sunshine through windows, and also generated from people and appliances in the home.Gentoo used Devereux Architects as their PassivHaus consultant the concept was first developed during the early 1990s in Germany to provide excellent living conditions during summer and winter. Given their low energy demand, the homes are estimated to have an annual energy bill for heating and hot water of just £68, and residents will benefit from air quality, noise reduction and more comfortable temperatures.Anne Mulroy, Head of Area at the Homes and Communities Agency HCA said It is fantastic that our investment of £200,000 has helped Gentoo build such amazing homes. It shows what can be achieved for local people.Harry Trueman, Deputy Leader of Sunderland City Council also noted the benefits for elderly residents.He said Elderly people are often the most affected by extremes of weather and can strugglewith rising energy prices. Living in state-of-the-art homes like these, which will stay warm in winter and cost much less to heat will be extremely beneficial for all the residents who are lucky enough to live in one.
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New York firm choose Gateshead for European office
Posted on: 08/03/12
A New York based mobile design and development agency is the latest company to move into Gatesheads Northern Design Centre.American agency Fueled has chosen the Northern Design Centre as the location for its first European office.The firm have provided their services to a number of high-profile worldwide brands such as Porsche, MTV, Ducati and Malibu.Their move is part of a three-year deal to take 452 sq ft of space in the centre, as they begin ambitious plans to grow business in the UK.Rob Palmer from Fueled said Since the launch of Fueled early last year, we have experienced rapid growth in employment, with the agency now standing at 22 fulltime staff. These include UI Designers, iOS and Web Developers, Producers, Strategists and an Animation team. Despite our ethos to employ the best people for the job regardless of their geo-location, we have been lucky enough to find a fantastic set of UK based designers. In turn, setting up a UK based branch of our agency was natural progression. We are all very excited about our new home in the Northern Design Centre.The Design Centre was awarded £4.95 million from the European Unions European Regional Development Fund ERDF Competitiveness Programme 2007-13, in addition to Single Programme Funding.
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Jobs data shows encouraging signs for the North
Posted on: 07/03/12
The number of people placed in permanent jobs by Northern recruitment consultants continued to rise.Following the national picture revealed by the Recruitment and Employment Confederation, the data showed the North of England registered a slower rise in permanent appointments than in the Midlands and South of England. February data on North of England job vacancies supported the findings on placements, with further rises in demand for both permanent and temporary staff, and in both cases growth rates increased. Average starting salaries in the North were slightly down in February, following Januarys marginal rise as recruitment consultants reported clients were attempting to keep costs down. Hourly rates of pay increased modestly over the month owing to the effect of Agency Worker Regulations, and adding to a six month improvement of temporary pay. Falls in permanent salaries in London and the North contrasted with modest rises recorded in the Midlands and South. Keith Gallagher, Regional Director of REC in the North says There are some positive signs for the jobs market in the region particularly the fact that we seen the seventh successive monthly increase in permanent staff appointments. However, this comes against a backdrop of public sector jobs haemorrhaging away month on month and recent cuts at high profile employers like BAE.The silver lining for those exiting BAE and other roles is that there is significant demand for highly skilled workers. Recruitment agencies in the region will be at the forefront of helping individuals back into work as soon as possible.With regards to the market for temporary staff, the overall number of placements has remained flat. However, agency work continues to provide an important outlet for employers and job-seekers and the Agency Workers Regulations AWR have certainly not had the catastrophic affect that the doomsayers were predicting back in October. Recruitment agencies in the region have taken on the implementation challenge and got on with business as usual.Mick Thompson, KPMGs senior partner in the North East added that while wider economic conditions continued to put significant pressure on the Northern jobs market, permanent placement levels were encouraging.He said This continued growth in February, alongside rising permanent and temporary vacancies, suggests that Northern corporates entered the year with renewed vigour and one eye on expansion. However, this perceived uplift in personnel should be viewed in the context of the wider economic recovery and, for many firms, is likely to have followed significant organisational rationalisation in previous low growth years. Sustainable growth rests largely on wider European fiscal stability, a story which will play out as the year unfolds.
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Part of MJN Colston sold to Integral Holdings
Posted on: 07/03/12
Following news that MJN Colston is set to go into administration, the joint administrators have announced that part of the business is set to be sold to Integral Holdings UK Limited.This move will now save the jobs of 47 employees in Bristol and Bury St Edmunds. However, the inability to find a buyer for the rest of the business has resulted in the closure of offices in Gateshead, Blackburn, Coventry, Exeter, Bridgend, Croydon and Thornaby.Commenting on the move, Daniel Butters, joint administrator and partner in Deloittes restructuring services team, said We are pleased to announce the sale of part of MJN Colston to Integral Holdings UK Limited. Regrettably, it has not been possible to find a buyer for all of the MJN Colston business and therefore it was necessary to make a total of 241 employees redundant across the business. Employees in this position were paid up until the last day of employment.The Leeds office of Addleshaw Goddard advised the Administrators on the sale.
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Consider switching the switch to green
Posted on: 07/03/12
For companies willing to take the challenge, going green with their business practices can be great for the bottom line. Using more eco-friendly initiatives to accomplish the same objectives can actually give companies a boost both economically and socially, and it also places these businesses miles ahead of the competition when it comes to innovative operations. Are you considering turning the switch to green Read ahead to find out why now is the perfect time to take the leap.
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Consider switching the switch to green
Posted on: 07/03/12
For companies willing to take the challenge, going green with their business practices can be great for the bottom line. Using more eco-friendly initiatives to accomplish the same objectives can actually give companies a boost both economically and socially, and it also places these businesses miles ahead of the competition when it comes to innovative operations. Are you considering turning the switch to green Read ahead to find out why now is the perfect time to take the leap.
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Hartlepool electronics firm reports encouraging figures
Posted on: 07/03/12
Hartlepool electronics manufacturer Stadium Group have reported pre-tax profit of 38, despite weak demand in the tail end of 2011, continuing into 2012.Revenues at the firm remained relatively flat at £44.94m in 2011, from £44.81m in 2010.Stadium had made significant changes to operation in 2011, including the appointment of new chief executive Stephen Phipson CBE, investment in improving operations and commercial management teams, and the deployment of a defined strategy to move the Group towards the design and manufacture of electronic subsystems.Commenting on outlook, Chairman Nick Brayshaw OBE said, While the weakness in demand experienced towards the end of 2011 has continued into the start of 2012, there has been a good deal of success in converting opportunities into new business wins. In addition, the focus on operational improvement in areas such as overheads, purchasing and factory efficiencies has yielded significant benefits which will be realised during the remainder of the year. Consequently the Board remains confident about the overall group performance for 2012.
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Hartlepool electronics firm reports encouraging figures
Posted on: 07/03/12
Hartlepool electronics manufacturer Stadium Group have reported pre-tax profit of 38, despite weak demand in the tail end of 2011, continuing into 2012.Revenues at the firm remained relatively flat at £44.94m in 2011, from £44.81m in 2010.Stadium had made significant changes to operation in 2011, including the appointment of new chief executive Stephen Phipson CBE, investment in improving operations and commercial management teams, and the deployment of a defined strategy to move the Group towards the design and manufacture of electronic subsystems.Commenting on outlook, Chairman Nick Brayshaw OBE said, While the weakness in demand experienced towards the end of 2011 has continued into the start of 2012, there has been a good deal of success in converting opportunities into new business wins. In addition, the focus on operational improvement in areas such as overheads, purchasing and factory efficiencies has yielded significant benefits which will be realised during the remainder of the year. Consequently the Board remains confident about the overall group performance for 2012.
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Calls to postpone working tax credits change
Posted on: 07/03/12
Campaigners are calling on the Government to postpone changes to working tax credits, fearing that some people will be significantly worse off.Changes to the tax credits threshold for families with children from 16 hours to 24 hours of work a week will leave couples with children, with a marked income drop. The lowest income families stand to lose £3,780 a year due to a crackdown on low-paid, part-time workers.Newcastle North MP Catherine McKinnell warned that in her constituency along, 1,255 people will be plunged into poverty by the measures. The shadow childrens minister said In todays economy, part-time workers are going to find it extremely difficult, if not impossible, to negotiate the eight extra hours a week to keep their working tax credit. And the potential loss of over £75 a week is a crippling amount for any family, let alone the poorest.When challenged by Mrs McKinnell, during Question Time in the Commons, Treasury Minister Chloe Smith, said there was plenty of opportunities for people to take on extra hours.Mrs McKinnell added To accord with reality - something I suggest the Minister should get back in touch with - how does the Government intend to reduce the unfairness of the rule change
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Beauty guru set to inspire North East businesswomen
Posted on: 07/03/12
I want women to be taken seriously and feel confident, and thats what Im hoping to inspire them to do. My message is that if I can do it, anyone can.Beauty guru, Judy Naake is the entrepreneur behind St Tropez tanning, and is set to inspire women at the North Easts Achieve conference this Thursday March 8. Bdaily spoke to Judy ahead of her talk to find out what she thinks it means to be a successful woman in business. If you speak to any woman, she will feel the same. We want to be everything to everybody, and this is where the difficulty can lie. With this, it can seem like youre not doing anything properly.For instance, if a woman is late for meeting, quite often she will feel she needs to have an excuse - I had to pick up the kids. But a man will more typically just sit down and want to get on with it, without any apology.The entrepreneurial spark began for Judy as a young girl, observing her fathers businesses, including various wallpaper, hardware, jewellers and florist shops in Nottingham.Following her first job as a glamorous sales agent for John Player cigarettes, Judy went on to forge her own successful business after spotting the value in the St Tropez product.In 2002, Judy sold distribution rights in the UK and Europe to Lloyds Development Capital for a reputed £70m, marking the huge amount of work she had invested in building the brand. Throughout the course of her hard work and determination she encountered sexism and mysogyny that she says spurred her on to strive for even greater achievement.When I was getting a divorce, the solicitor said why are you coming to me for a divorce, you cant even afford a loaf of bread. I said its a good job that my dad owns a bakery. I couldnt believe how cheeky it was. That was a catalyst for me, and I really set out to show them and within six months I was on to my third BMW. Judy acknowledges that there are differences between men and women in business, and believes part of her experience has taught her to have confidence in her own decisions, and not to be knocked off-course by the staid opinions of business processes asserted by her male contemporaries.I think women bring different things to the table. Take for instance paying bills. I always settled my bills on time, and then I had a male accountant who said that isnt what you do. He said you need to wait at least 30 days, and a few extra if possible. Well, theres advantages in leveraging some lee-way, but I believe women are more typically frightened to let people down and will look to keep people happy.She sees the ability of women to remain sensitive in business relationships as a quality which can really be used to drive success.When I was a sales rep I would go out of my way to put a complaint right for someone, and my partner at the time might say, why did you waste half a day on that. But for me, something wonderful would always come of that, because you had gone the extra mile for people. As the EU measures up forced quotas for women on corporate boards, Judy thinks this could be a good idea to ensure these qualities get the chance to make a difference at the top.Women always achieve fantastic things in higher positions, but the problem is getting them into these instances in the first place, which is where this quota might come in. Someone said to me, if Emily Pankhurst was given the vote, but told to wait 70 years, there would be outrage. At the moment its more a case of, hes leaving this post, who can we get in to fill it, well shes available. It shouldnt be that way.Judy will address women at the Achieve conference at Hilton Hotel, Gateshead on Thursday March 8.
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Demand for staff grows
Posted on: 07/03/12
The amount of permanent job placements grew in February, and at the strongest pace since last May, research reveals.The lastest Recruitment and Employment Confederation REC and KPMG Report on Jobs, shows that overall demand for staff rose at the fastest pace in four months during February.A sharper increase in permanent vacancies offset the slower growth of temporary vacancies, with IT Computing shown to be the most in-demand permanent staff type, while Engineering and Construction was most in-demand for temporary vacancies. Recruitment consultants reported a drop in permanent staff salaries during February for the first time since October 2009, while in contrast temporary staff pay rates increased, at the fastest pace in four months. Kevin Green, chief executive of the Recruitment Employment Confederation, says The labour market is clearly improving as this months Report on Jobs shows the strongest performance on permanent placements for nine months. Demand for staff also rose at the fastest pace for four months, so jobseekers should take heart that there are vacancies out there. Slowly, private sector employers are becoming more confident as the gloom, caused by a slowing economy late last year and fears about the Eurozone, recedes.The temporary market has shown a slight decline since January and is essentially flat at present. However, agency work continues to provide an important outlet for employers and jobseekers with over a million temporary workers placed on assignments in any given week.Mr Green went on to say that he anticipated a continued worsening of unemployment over the next few months, before a bounce back towards the end of this year and on into early 2013.Bernard Brown, Partner and Head of Business Services at KPMG comments The latest report raises hopes of a Spring revival in the jobs market with a second successive monthly rise in the number of people securing permanent roles and the data also indicating that February saw the rate of growth accelerating to a nine-month high. Put alongside recent news from the ONS which suggested that the last unemployment figures represented the smallest rise in almost a year and there may be signs that the market is displaying early signs of recovery.Yet cautious optimism must remain the watchwords because the picture is not as rosy for temporary positions. Of course, the reduction in contract placements may yet be related to the Agency Workers regulations, but without buoyancy in both the permanent and temporary markets it is still too early to unfurl the bunting.For those who have found new employment, we are also seeing rates for wages reducing for the first time since 2009, with a real prospect of continued downward pressure as the year goes on. Given the ongoing squeeze many are feeling as costs go up on the high street, it appears that the price of permanent employment is lower take-home pay, but this is an inevitable consequence of a competitive, yet still fractious, market.
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Alastair Campbell set to inspire North East business
Posted on: 06/03/12
Former Labour spin-doctor Alastair Campbell will visit Newcastle next week as part of Newcastle Science Citys drive to bring the first regional Business and IP Centre to the city.Speaking as part of The Science of of series, Mr Campbell will give insight into what makes a strong leader and how making the right decision can relieve pressure for business leaders.The event is designed as a behind-the-scenes look at the inner workings of Number 10, and aims to inspire attendees. Joining him will be Prof Kenny Coventry, Professor of Cognitive Science and director of Cognition and Communication Research Centre at Northumbria University, who will speak about the theoretical science of decision making, using practice examples.Professor Coventry said Often we have to make quick decisions based on partial information. Research identifying when decision making breaks down, such as in the case of gambling behaviour, has enriched our understanding of how decision making takes place under conditions of uncertainty.Speaking ahead of the event Mr Campbell said The key to leadership is decision-making and I will be sharing with the event insights about the leaders I have worked with and the way they set about making decisions. I hope it will have some relevance for the North East business leaders and others attending.Simon Green, programme manager at Newcastle Science City, remarked the event was not to be missed, as Mr Campbell has wealth of knowledge to share.He added At a time when inspiration and business support are vital for the regions entrepreneurial community, our guest speakers will merge the highly topical subject of decision making with science, business and personal development into their sessions, which are sure to stimulate a great deal of thought and debate amongst the audience.
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Snorkel Lifts plans workforce expansion
Posted on: 06/03/12
Snorkel Lifts is planning to expand its workforce by up to 50 this year, as the manufacturer emerges from a prolonged downturn in the aerial platform industry.At the height of the recession Snorkels parent company, The Tanfield Group Plc,was forced to downsize its workforce at the Vigo Centre Headquarters in Tyne Wear. Demand for aerial platforms has since returned, and the firm is looking to recruit during 2012.Brendan Campbell, Group Operations Director, said After talking to our key customers, our build plan for 2012 calls for up to a 50 growth in our assembly workforce between now and September. This will be a gradual process as we ramp up production in line with demand.Principally we will be employing production operatives for our assembly lines, but we are alsotaking on three new apprentices as we build for the future.Snorkel have also announced that it was raising an additional £12 million from investors to help increase production capacity in line with increasing demand. In recent months the firms order book has swelled by 170. The Vigo Centre in Washington exports 95 of its production to Europe, the Middle East. Africa, Asia and the Pacific Rim. It is also the firms global headquarters, which runs alongside satellite factories in North America, China and New Zealand.During the downturn, the firm used the time to cross-train and up-skills assembly workers, launch new products and improve performance on its existing range of lifts. Brendan added Although we had to downsize during the recession, we stuck firmly to a strategy of keeping our core people and enhancing their skill sets. We are emerging from a tough, prolonged downturn as a much stronger, smarter company and are now ready for the next growth phase.
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Controversy over Digital Economy Act appeal
Posted on: 06/03/12
BT and TalkTalk have lost their appeal for a judicial review of the Digital Economy Act measures to tackle copyright infringement online. The Federation Against Software Theft has welcomed the news, which represents a step forward in stakeholders taking on board some responsibility in the fight against piracy.Julian Heathcoate Hobbins of the general counsel at FAST, said The ISPs originally challenged the Act on the grounds of basic rights and freedoms and that the legislation did not receive sufficient scrutiny in the wash-up period before the General Election. A review then led in turn to rights holders being blocked from using the anti piracy provisions of the DEA.We must not erode the perception of value in digital product to where all online product is considered free.Under the terms of the Digital Economy Act all ISPs will now have to get ready to send warning letters to alleged illegal file downloaders, and to keep lists of repeat infringers which can be requested under established legal procedures. OFCOM will publish the Code on the practical application. As a matter of principle, this is a tremendous step forward and one that puts the provisions of the Digital Economy Act beyond this dog fight, dispelling legal confusion moving forward. However, Loz Kaye, leader of Pirate Party UK said This decision brings the draconian Digital Economy Act another step closer. The coalition government must be clear now once and for all on whether it supports this anti-Internet piece of legislation.No one has proved that the Act will help the creative industries financially, that is just lobbyists spin. A recent study on a similar system in France suggests that there is no benefit at all for music sales. Threats to chuck entire households off the web will be bad for the economy, bad for society - and bad for us as a creative nation too.
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Spirit Partnership to receive £2.9m renovation funding
Posted on: 06/03/12
Derelict houses on Teesside are set to receive a revamp thanks to a £2.9 million Government grant to extend its successful Empty Homes scheme.The Spirit Partnership will be led by Coast Country, and will look to refurbish around 205 properties in Redcar, Cleveland, Stockton and Hartlepool. It will also provide training opportunities for those seeking construction work experience by working with a number of educational social enterprises including Community Campus, East Cleveland Youth Housing Trust, Opening Doors and Five Lamps.The scheme was originally established when Coast Country joined forces with Redcar Cleveland Borough Council, Community Campus 87 and East Cleveland Youth Housing Trust to bring long-term empty properties back into use. Last year 11 homes were brought back into use through the scheme, while a further 29 properties will be completed by the end of March. 30 trainees are currently working on the projects.Communities Minister Andrew Stunell announced that more cash was to be dedicated to the scheme after visiting one of the renovated properties in Redcar last year. Commenting on the initiative, he said Coast Countrys collaborative approach reflects exactly what the Government, which is determined to overcome the affordable homes shortfall, wants to see happening in local communities. Iain Sim, chief executive of Coast Country has welcomed the additional funding to continue and extend the Empty Homes scheme.
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ETEC Development Trust to cease trading
Posted on: 06/03/12
ETEC Development Trust are to cease trading after it was confirmed that the firm is unable to fully service its financial obligations.The Sunderland based charity was founded in 1991, and provides youth and adult training across a range of vocational areas of study.Gordon Goldie and Allan Kelly from Tait Walker have been appointed to act as liquidators for the company, and will now deal with any outstanding matters relating o ETEC Development Trust going forwards.Chairman of Trustees at ETEC David Fallon attributed the closure to the loss of income streams, including non-payment from the Transition Fund and the abolition of Education Maintenance Allowance.
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Olympic swimmer Get match fit for Olympic opportunities
Posted on: 06/03/12
Chris Cook, Olympic swimmer will be chairing the latest Team Tomorrow event which will see local businesses who have gained Olympic related contracts sharing their story as an inspiration for others to follow their example at Home and Away on 15th March 2012 at The Riverside Stadium, Middlesbrough.
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Top tips to let a property
Posted on: 05/03/12
KIS Lettings, a property management agency, supports landlords looking to let their property. The service includes advice to landlords on how to best market their residential property to secure tenants and achieve the best possible rental income.
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Teesside business calls for extension of apprenticeship scheme
Posted on: 05/03/12
Top level Teesside businesspeople have met with Skills Minister John Hayes to plead the case for the extension of a hugely successful apprenticeship scheme.Funding for the Tees Valley Apprenticeship Programme TVAP finishes at the end of March, however the scheme has created safeguarded almost 300 apprenticeships in less than two years.134 Tees Valley employers have taken on apprentices through the scheme which cost £1.8 million and is employer-led but managed through the National Skills Academy for the Process Industries. The delegation of businesspeople communicated to Mr Hayes that with a further injection of a similar amount of public money, the scheme has the potential to become self sustaining within two years, and benefit the wider North East. Following the meeting Mr Hayes said I was delighted to meet the delegation led by my friend Iain Wright MP. The North East has seen record growth in apprenticeship numbers in the past year and I listened carefully to the case made by MPs and local businessmen.The party was led by TVAP Chairman George Ritchie, Senior Vice President for HR with Sembcorp Industries and chair of the North East regional ambassadors of the National Apprenticeship Service NAS, and included Stan Higgins, chief executive of NEPIC Ian Mains, business development director of NSAPI Allan Wallace, employer services director of NAS and Heather Smithson of NSAPI, who is project director of TVAP.A delegation of local MPs supported them, including Hartlepool MP Iain Wright, former junior minister for apprentices Redcar MP Ian Swales Middlesbrough South and East Cleveland MP Tom Blenkinsop and Stockton North MP Alex Cunningham.Mr Ritchie said The Minister was very gracious with his time and he and his team listened intently to what we had to say. He was clearly extremely impressed with the success of the scheme in an area where jobs creation is absolutely vital and we showed him how this fits the Governments agenda on apprenticeships perfectly.The thrust of our case was that there is a real opportunity to build on TVAPs success and firmly cement the idea into employers minds that apprenticeships like this, which give young people fantastic skills, are producing people who have the ability to grow their businesses. Many of those on the TVAP scheme have now been taken on as full time employees by their sponsoring companies because they are bringing real value to those businesses. That message is particularly important for those employers who perhaps dont have access to the support resources that bigger businesses have or the same confidence to take on an apprentice.The smaller and medium sized firms who have engaged in this process have in fact become the best ambassadors for apprenticeships, particularly those who have never had an apprentice before, and we know they can be extremely influential over the next few years in persuading others throughout the wider region to display the same faith in our young people as we have in the Tees Valley. The delegation was told it should hear within the next five weeks whether their bid has been successful.
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Take advantage of £200bn energy investment say NOF
Posted on: 05/03/12
North East businesses in the oil, gas, nuclear and offshore renewables sector are being encouraged to take advantage of the anticipated £200 billion investment in the UKs energy infrastructure.Over the course of the next decade, around £200 billion of energy investment is expected to take place as new nuclear and more renewable power sources in remote, costal and offshore locations are connected to the National Grid.Now, NOF Energy, the business development organisation for the energy industry is calling on firms in the sector to ensure they are equipped to deliver necessary services to take advantage of the impending investment.George Rafferty, Chief Executive of NOF Energy, said The £200 billion investment required to deliver the countrys future energy infrastructure presents some real opportunities for the UK supply chain. Operators and Project Managers will need to draw on the expertise, experience and innovative approach of suppliers to ensure the infrastructure is in place to meet European Union and UK Government energy targets. Industry leaders are set to come together to address these issues on the 7 March at the NOF Energy conference, entitled Energy a Balanced Future. The event will address the importance of securing a balanced energy mix in the UK to meet future targets through a supportive and effective cross-sector supply chain.Speakers will include executives from EDF Energy, Areva, Seimens, Wood Group PSN and AMEC, who will discuss the future of the energy sectors served by a multi-skilled, adaptable, integrated supply chain.It is hoped that the event will allow attendees to understand the challenges and future prospects over the next couple of decades in the existing and emerging energy sectors. Mr Rafferty continued NOF Energy members have these attributes in abundance, but supply chain companies have to be aware the requirements of multiple energy streams and how they can adapt their business and services to meet these challenges. The major organisations speaking at our conference, are keen to work with quality suppliers and I urge those in this region to step up to the mark and take the opportunities that will be presented to them.
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NEL wins Management Contract for £50m Fund
Posted on: 05/03/12
A regional fund manager has won the management contract for a new £50 million investment fund for SMEs in Northern Ireland.NEL Fund Managers will now work as part of a consortium with Perth-based fund manager Braveheart Investment Group and Clarendon Fund Managers in Belfast to identify investment opportunities over the next five years.Northern Irish manufacturers and tradable services firms will now be able to bid for investments of between £50,000 and £500,000, in a move which will replicate the mezzanine finance work NEL currently undertakes in the North East.The new fund is now being initiated by staff from the companys Newcastle office, and the team is now working to recruit and train a new investment team in Northern Ireland.It is hoped that the new Fund will help to create a legacy of enhanced business investment experience within the provincial economy.Barrie Hensby, chief executive at NEL Fund Managers, says This is a tremendous achievement for our team, and a real recognition of our expertise that we have consistently demonstrated in successfully identifying, shaping and managing mezzanine finance investment opportunities. The three consortium members bring a range of different skills and knowledge to the table, and our collective expertise will make a real difference to Northern Irelands SME community. In the North East, NEL is responsible for the management of a £20 million Finance For Business North East Growth Fund, which aims to help businesses which are in the development and growth stage. To date, the fund has made 34 investments worth more than £5.5 million.Mr Hensby continued The expertise weve developed in the North East over two decades has played a crucial role in helping us to secure this contract, and we remain just as focused on making new investments here as we ever have.Our aim is to replicate the investment model we operate in the north east, where providing the capital that regional companies required to implement their expansion plans has helped many of them go on to achieve national and international success.
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SME representative needed in Whitehall, say FSB
Posted on: 05/03/12
The Government should consider creating a body to defend the interests of small businesses at the heart of Whitehall, according to the Federation of Small Businesses FSB. The FSB made this announcement in its Budget submission to the Chancellor, suggesting that the Government consider implementing measures in ensure that the voice of small enterprise isnt lost amongst competing priorities.Successive Governments have failed to understand the needs of small businesses, appeasing them with temporary eye-catching measures with no real tangible effects. The FSB is now proposing that the Government consider creating an agency modelled on the US Small Business Administration, designed to give SMEs a real voice. The Small Business Administration helps to facilitate small business finance, including credit easing and export finance, improve procurement opportunities and offers rapid assistance to businesses hit by circumstances out of their own control. It also has a seat in the Cabinet. If a similar body was introduced in the UK, it would be able to challenge other departments to reconsider policies which could potentially damage small business interests, as well as co-ordinating communication between Government and SMEs.Commenting on the proposal, Ted Salmon, North East Regional Chairman, Federation of Small Businesses said The Chancellor has made clear that there will be no big tax give aways in this years Budget and that it is up to the private sector to drive economic recovery by creating jobs and growth. The FSB in the North East argues that in order to do that, the Government must think small first by giving the North Easts 121,000 small businesses a more prominent seat within Government.The FSB is also encouraging the Government to consider select areas for intervention to make a lasting impact on business confidence, look at measures to help small businesses in tax simplification and reworking how long term policies are regulated and composed.He continued Through implementing a Small Business Administration, it would allow the Government to quickly implement policies aimed at helping small businesses in the North East such as credit easing which firms have been waiting for since the Autumn Statement. It would give the Government a channel through which it can advertise procurement opportunities, give expert help and advice on exporting as well improve communications with small firms in the region. All of this would in turn help to achieve growth in the region.
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SME representative needed in Whitehall, say FSB
Posted on: 05/03/12
The Government should consider creating a body to defend the interests of small businesses at the heart of Whitehall, according to the Federation of Small Businesses FSB. The FSB made this announcement in its Budget submission to the Chancellor, suggesting that the Government consider implementing measures in ensure that the voice of small enterprise isnt lost amongst competing priorities.Successive Governments have failed to understand the needs of small businesses, appeasing them with temporary eye-catching measures with no real tangible effects. The FSB is now proposing that the Government consider creating an agency modelled on the US Small Business Administration, designed to give SMEs a real voice. The Small Business Administration helps to facilitate small business finance, including credit easing and export finance, improve procurement opportunities and offers rapid assistance to businesses hit by circumstances out of their own control. It also has a seat in the Cabinet. If a similar body was introduced in the UK, it would be able to challenge other departments to reconsider policies which could potentially damage small business interests, as well as co-ordinating communication between Government and SMEs.Commenting on the proposal, Ted Salmon, North East Regional Chairman, Federation of Small Businesses said The Chancellor has made clear that there will be no big tax give aways in this years Budget and that it is up to the private sector to drive economic recovery by creating jobs and growth. The FSB in the North East argues that in order to do that, the Government must think small first by giving the North Easts 121,000 small businesses a more prominent seat within Government.The FSB is also encouraging the Government to consider select areas for intervention to make a lasting impact on business confidence, look at measures to help small businesses in tax simplification and reworking how long term policies are regulated and composed.He continued Through implementing a Small Business Administration, it would allow the Government to quickly implement policies aimed at helping small businesses in the North East such as credit easing which firms have been waiting for since the Autumn Statement. It would give the Government a channel through which it can advertise procurement opportunities, give expert help and advice on exporting as well improve communications with small firms in the region. All of this would in turn help to achieve growth in the region.
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Nigel Wright NorthEast Accountancy Awards- Awards Judges Announced
Posted on: 05/03/12
A prestigious line up of judges from the finance and business sector is announced for the sixth Nigel Wright North East Accountancy Awards.
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New Starts
Posted on: 05/03/12
The Institute of Directors IoD has appointed a new Chairman.Ian Dormer has replaced Dr Neville Bain after he stepped down. Dormer has been involved with the IoD for over 20 years, having previously served as Regional Chairman for the North East.Simon Walker, Director General of the IoD, said I am delighted with Ians appointment. He has proved his commitment to the best interests of British business during many years of involvement with the IoD and its members.
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Infrastructure and planning needs to be streamlined
Posted on: 05/03/12
The CBI has called for further improvements to major infrastructure planning in the UK, to help accelerate investment and speed up decision-making.In a new report, the group has called for the Government to make the planning system as effective as possible in order to attract £200bn of investment needed in our infrastructure by 2015. Minor measures, major results - Fine-tuning the major infrastructure planning system, calls for simplification of the non-planning consent landscape and introduce more flexibility and a sense of urgency.Dr Neil Bentley, CBI Deputy Director-General, said Businesses approve of the Governments reforms to our major infrastructure planning system to streamline planning decisions, but its vital we dont lose momentum while these significant changes take hold. Too many applications are still at the initial stages, at a time when we need major investment in our infrastructure.Were suggesting ways the Government can fine-tune the system to spur on much-needed new infrastructure, such as energy plants, railway lines, airports, roads, ports and waste facilities.Investing in major infrastructure projects will bring big rewards for our economy, with new jobs and growth. But investors both at home and abroad must have the confidence that the planning system will deliver timely decisions, so the Government needs to act now. Waiting for a much fuller review in 2014 would be a lost opportunity.52 major proposed projects are currently in the pipeline, including wind farms, nuclear power stations and key transport upgrades, which have not even reached application stage. The CBI recommends the Government should define its remaining National Policy Statements, continue to simplify and streamline non-planning consents under the Penfold recommendations, allow developers to be involved in training case workers and encouraging case workers to provide non-binding pro-active advice to applicants at pre-application stage.
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Whats going up, whats going down
Posted on: 04/03/12
The FSA agreed as part of a market abuse case that, wall crossing can legitimately entail the provision of inside information to a third party. The telephone transcript released by the FSA makes interesting reading, not least being Greenlights views on first the role of investment banks, I wouldnt allow myself to get browbeaten by convertible bond holders or excuse me Merrill Lynch investment bankers. Secondly, corporate governance, you guys are the managers, you guys are in charge of the Company, were shareholders and we prefer to be passive shareholders and not run the company. If we wanted to run the company we should be doing something different. We want to run our company, not your company.
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Confidence grows in manufacturing and engineering sectors
Posted on: 02/03/12
The manufacturing and engineering sectors have demonstrated encouragingly high business confidence according to research from MHA Macintyre Hudson.One third of the 145 respondents predict growth of 10, although almost half expressed concern over the continuing eurozone crisis impacting the economy. The survey reaffirmed the reliance of UK manufacturers on the Eurozone, as almost 90 of businesses cite it as an export location. Despite competition from low-cost producers, Asia was also identified as a key export location, marginally coming ahead of North America.Mike Brown, MHA Chairman said Its clear from this survey that confidence for growth in manufacturing is improving with the sector looking at new and innovative ways to manage uncertainty in the Eurozone as well as rising production costs. Within the UK economy, more guidance and support at the highest level is necessary to ensure growth for this vital sector. We know the Government has expressed a commitment to rebalancing the role of manufacturing in terms of contributing to GDP, but this survey shows immediate and extensive action is necessary to deliver this. We would urge the Government to consider a wider national manufacturing strategy and increased awareness in the support currently available to support the sector and ensure it maintains its place as a leading player in the global economy.The report featured comment from Nick Baird, CEO of UKTI, who have worked to encourage SMEs to explore exporting as a means to achieve growth.He said This is very encouraging and reflects the priorities of UK Trade Investments strategy. SMEs are crucial to re-balancing the economy. In 2011 SMEs accounted for more than half of employment and almost half of turnover in the UK private sector.But we need even more SMEs to export. Exporters contribute 60 per cent of the UKs productivity growth.The research also showed nearly half of companies were planning to increase capital expenditure in 2012 and 60 of manufacturing businesses intended to take on apprentices or trainees. Investment outlook for research and development was low, with a quarter of businesses having no plans for RD spend in 2012, while of the rest, around 35 planned to spend between 1-2 of their turnover.Mr Brown added While the effects of the recession have clearly put pressure on investment such as RD spend, we would urge manufacturing businesses to focus on the significant benefits of long term competitiveness and in the shorter term, tax credits in this area. Reduced investment at this key point could threaten competitiveness in the longer term. Recruiting and building the right talent across the sector is very much a part of this.Pricing and costs emerged as contentious issue as 61 believed they could pass supply chain increased on to their customers, while 39 felt unable to do so.
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Leading industry awards open to celebrate top franchisors
Posted on: 02/03/12
The 2012 bfa HSBC Franchisor of the Year Awards, supported by Express Newspapers, are now open for entries. With franchising continuing to perform strongly despite the challenging economic climate, the bfa is seeking those exceptional businesses which are thriving through innovative approaches and smart businesses thinking to come forward and share their successes. The bfa is encouraging UK franchisors of any size or sector to tell their stories and inspire the next generation of franchisors.
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Tyneside Cinema launches young production company
Posted on: 02/03/12
The Tyneside Cinema has launched a new film production company of 16-19 year-olds from its media training academy.Northern Stars Production has already won the business of corporate clients including Procter Gamble, law firm Ward Hadaway and the Heritage Lottery Fund, with further partnerships to be announced over coming weeks. The company, run by a team of young creatives and backed by highly-experienced production professionals, has received support from legendary film director Sir Ridley Scott.Ian Fenton, Director of Northern Stars said We offer a professional production service to clients in the North East and beyond to achieve their commercial and brand objectives. At the same time, Northern Stars Production is a unique proposition that will benefit North East business, the North East film industry and the regions most exciting new talents. Not only have our clients received a first-rate production service, they have also had the opportunity to boost their corporate social responsibility credentials. We expect several more high-profile companies to follow suit over the coming months.Northern Stars will initially focus on corporate production and advertising markets, developing target multiplatform opportunities across factual television, virals and drama. Gillian Hardy, Community Matters Co-ordinator, Procter Gamble said Working with Northern stars has been fantastic. The outstanding film was delivered on-time and they have captured everything that we discussed in the brief. I would certainly recommend working with these guys and girls.The venture has spun-out of Northern Stars Young Filmmakers Academy, Tyneside Cinemas award-winning media training academy for young filmmakers in the North East.Graduates of the academy develop commercial and creative skills under the guidance of award-winning TV, film and interactive media writer and director Ian Fenton. The scheme is free for anyone with genuine talent, irrespective of means, and aims to provide for the most promising young talent in the North East.
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Restaurant design agency forge success
Posted on: 02/03/12
North East-based Restaurant Design Associates have found significant success despite the economic trend.In the last year, the firm went from a £4.9m turnover to £7.7m, and now employs 16 members of staff. The company designs and creates eating spaces in schools, hospitals, restaurants and work places, and is looking to branch into other high street and profit sector markets within the industry. This move follows successful work to design and create the restaurant and bar for the five star Aloft Hotel at Londons Exhibition and Conference Centre Excel. Janine Ramsay has recently been promoted to creative director as part of the companys restructure, and worked on the Aloft project.She said We were provided with an empty space in which we had to incorporate a full restaurant design.Our brief was to create an attractive destination venue, which had an authentic British theme. Roy Addyman, managing director of RDA added that the Aloft hotel was a departure from the companys usual work but within a market place they are looking at expanding into. We work on a whole variety of eating spaces, from creating restaurants and cafes in hospitals, schools, universities and other work places, to high street chains like Costa Coffee and one-off projects like Blackfriars restaurant here in Newcastle, where we created something unique as a result of it being in a listed building. While we hadnt done a restaurant within a luxury hotel before, the skills, expertise and level of service we provide are obviously all transferable to any market within the catering and hospitality industry. The restaurant at the Aloft London Excel demonstrates that. It was a great project to be involved in and a market we hope to expand further into in the future. Mr Addyman went on to reaffirm the successful year RDA had experienced, and expressed his desire to develop the firm.He said We have made the changes because we need to be aware of market trends and enable staff to have the time to research what is going on from a design perspective within the catering and hospitality industry. We also want to free up the teams operational knowledge to give clients the best advice possible at the start of their projects, so we are providing them with a consultancy service. Our clients have changing needs and the greater variety of work we have has an increasing emphasis on design. The restructure is aimed at ensuring we have the right staff in the right roles to make sure we are taking account of these changes. We want the business to develop and grow and we want to stay ahead of the game.
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Rock farm dairy limited in administration
Posted on: 02/03/12
Durham based Rock Farm Dairy Limited have gone into administration after having difficulties with trading performance.
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Ready, Steady, Grow Cash is King
Posted on: 02/03/12
North East businesses are still reaping the rewards of applying for funding to help them grow their enterprises. By attending a recent event several business owners not only benefitted from an excellent networking opportunity but were also able to apply for up to £1,000 of funding on the spot.
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Strong eurozone bond auctions hint towards successful LTRO
Posted on: 02/03/12
The sell-off in equity markets towards yesterdays market close was largely attributable to Chairmanof the US Federal Reserve, Ben Bernanke. Whilst stressing in his testimony to politicians on CapitolHill that the jobs market was far from normal and that interest rates are likely to stay low until2014, he failed to hint towards the third round of Quantitative Easing QE3 that the market wouldhave welcomed. Asian shares were lower overnight.
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TNT Post UK opens Vehicle Maintenance Unit in
Posted on: 01/03/12
TNT Post, Britains largest private postal operator, has opened a Vehicle Maintenance Unit VMU at its 120,000 sq ft depot in Rugby. The VMU allows TNT Post to undertake its own maintenance and repairs of its 150 fleet of trailers as well as undertake the legal compliance inspections each vehicle has to undertake every ten weeks.
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TNT Post UK opens Vehicle Maintenance Unit in
Posted on: 01/03/12
TNT Post, Britains largest private postal operator, has opened a Vehicle Maintenance Unit VMU at its 120,000 sq ft depot in Rugby. The VMU allows TNT Post to undertake its own maintenance and repairs of its 150 fleet of trailers as well as undertake the legal compliance inspections each vehicle has to undertake every ten weeks.
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Scottish Independence presents opportunities for North East
Posted on: 01/03/12
There will be many opportunities for areas both north and south of the Border if Scotland gains Independence, according to the Scottish External Affairs Secretary.Speaking at the North East Economic Forum Conference, Fiona Hyslop was keen to stress that Independence would allow the North East and Scotland to enhance already-established links, whilst also working towards a common goal of economic growth.The main issue is to what extent two neighbours are fighting to maximum firepower, and that clearly isnt happening for either of us, Scotland or the North East. She said. Independence would draw upon new opportunities which build on the many values and interests we share, such as our desire to improve connectivity with the rest of the UK. Ms Hyslop also drew upon the resources available both in the North East and in Scotland, which she is keen to promote throughout Europe.There is a real opportunity, particularly in renewables, engineering and manufacturing for us to develop reputations as places which have real expertise. She continued. This is a win-win situation for all of us, and I am keen to ensure that Scotland gets the best effects of that.The question of Independence has also raised some concern in the North East, with many worrying that the region will miss out on key contracts if the bill is passed. Online retailer Amazon recently made the decision to build its largest UK distribution centre near Edinburgh and hire another 750 staff, after receiving £2.5 million in support from Scottish Enterprise. However, Ms Hyslop was keen to stress that Independence could be of real benefit, both economically and politically for the North East.Weve lost out on contracts to England and the North East at different times, but thats part of a market where we have to compete - and we would be competing whether or not we gained independence.When you have a more distributed economic and political power base across a state, you have more equity within that.The problem we have in the UK is a system which is serving neither the North East nor Scotland well, and our message is that you shouldnt see Scottish Independence as a problem, rather as an opportunity.In her address, Ms Hyslop drew comparisons between the North East and Scotland, which she believes should be able to identify their own priorities and make decisions about local matters.A strong, secure,independent nation to the north of Britain would not only lessen the economic dominance of the South East but will serve to shift the balance of power fulcrum to the regions, creating stronger partnerships between near neighbours and ultimately benefiting all these islands.
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The Facebook Factor
Posted on: 01/03/12
A variation of the BBC Quiz show, Who Dares Wins was played at the recent New Street Square social. Participants were asked to call-out the number of reasons why a company would undertake an IPO. When the number was thought high the last person was asked to name those reasons.
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Barclays offer 1,000 apprenticeships
Posted on: 01/03/12
Barclays has opened its apprenticeship programme, offering 1,000 young people a route into a career in banking. Barclays Retail and Business Banking is looking for people no, or few qualifications and experience in the hope that their own training and mentoring will develop the right confidence and skills.The first successful applicants will join the £20m programme at the end of April, and will receive 12 months dedicated training, support and mentoring the chance to work towards a competency qualification in Financial Services similar to an NVQ a BTEC Award in Customer Service, and qualifications in numeracy and literacy. Recruits will also have the potential to progress to a permanent position after completing the programme across Barclays branches as well as operational and contact centres. The new opportunities will be based in Manchester, Liverpool, Leeds, Sunderland, Birmingham, London, Northampton and Coventry. Antony Jenkins, Chief Executive of Barclays Retail and Business Banking, said Britain faces a real challenge with many young people who have potential and want to work but are currently struggling to get their first job opportunity.At Barclays our doors are wide open for people who are prepared to learn the ropes, work hard and provide great service to our customers even if they have not had a job before, because we want to support them to go on and develop fulfilling careers.Creating jobs is one of the best ways that banks can support our economy, and this ground-breaking programme will change lives for people who would not have had the opportunity to work in banking until now.
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Leeds City Region opens infrastructure fund
Posted on: 01/03/12
Leeds City Region has launched the first round of its £24m Growing Places Fund, which will go towards infrastructure projects. £10m will be available initially, and the LEP is inviting expressions of interest from a variety of organisations, with final decisions on the allocation of funds due in the summer. The Growing Places Fund is a revolving fund, distributed mainly as loans and over the long term, the funding will be returned to the LEP to be re-invested in other infrastructure projects.Chair of the Leeds City Region LEP, Neil McLean said From our discussions with business and the public sector, we know that unavailability of finance is a major barrier preventing many infrastructure schemes from progressing. Through the Growing Places Fund we aim to help unlock those schemes that will make the biggest difference to the City Region economy. The Fund will also provide vital financing for the LEP over the longer term, enabling us to re-invest in future projects that will create jobs and economic growth, or lower carbon emissions. Examples of projects the Fund could support include investment in physical infrastructure, such as new roads, local energy generation or infrastructure that will provide apprenticeship and training opportunities.The objectives of the Growing Places Fund is to generate economic activity in the short term by addressing infrastructure constraints establish sustainable revolving funds for the LEP and to lever in additional investment from other funding sources.
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Leeds City Region opens infrastructure fund
Posted on: 01/03/12
Leeds City Region has launched the first round of its £24m Growing Places Fund, which will go towards infrastructure projects. £10m will be available initially, and the LEP is inviting expressions of interest from a variety of organisations, with final decisions on the allocation of funds due in the summer. The Growing Places Fund is a revolving fund, distributed mainly as loans and over the long term, the funding will be returned to the LEP to be re-invested in other infrastructure projects.Chair of the Leeds City Region LEP, Neil McLean said From our discussions with business and the public sector, we know that unavailability of finance is a major barrier preventing many infrastructure schemes from progressing. Through the Growing Places Fund we aim to help unlock those schemes that will make the biggest difference to the City Region economy. The Fund will also provide vital financing for the LEP over the longer term, enabling us to re-invest in future projects that will create jobs and economic growth, or lower carbon emissions. Examples of projects the Fund could support include investment in physical infrastructure, such as new roads, local energy generation or infrastructure that will provide apprenticeship and training opportunities.The objectives of the Growing Places Fund is to generate economic activity in the short term by addressing infrastructure constraints establish sustainable revolving funds for the LEP and to lever in additional investment from other funding sources.
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More flexibility needed for non-EU workers
Posted on: 01/03/12
The Charted Institute of Personnel and Development have called for measures to ensure sufficient skilled non-EU workers can enter the workforce as the economy recovers.New restrictions will prevent non-EU students from remaining in the UK after their studies to take up jobs. Therefore, the CIPD, is supporting the recommendations from the Migration Advisory Committee to maintain the current Tier 2 visa limit for skilled non-EU workers. A freezing of the current Tier 2 visa limit for April 2012-13 would still amount in real terms to a 25 decrease in the total number of non-EU skilled workers available to employers, as many who formerly came through the post-study route would now transfer to Tier 2. The CIPD argues that a fall of this magnitude could leave employers without the means to fill skilled vacancies, if business conditions improve in the next 12 months. Gerwyn Davies, CIPD Public Policy Adviser, comments With the post study route due to close in April, the Government needs to be ready to raise the Tier 2 visa bar to ensure UK employers have access to the skills they need to drive growth. As the economy recovers, demand for skilled staff could quickly outstrip demand. Tier 2 visas account for a very small proportion of total immigration but could make a big difference to British business. Growth must be prioritised over symbolic measures to crack down on immigration. Even at current levels, the number of Tier 2 visas is so low that any further reductions would have a very limited impact on its overall aim of reducing net migration levels to the level of the tens of thousands. The CIPD has also recommended a £40,000 income threshold for intra-company transferees by maintained, so that migrants do not under cut UK workers.Research from the CIPD suggests that the economic crisis and stagnation in the labour market has meant that only a tiny proportion of UK employers sat the permanent cap has had a damaging impact on them since its introduction in April last year. As the economy recovers, the CIPD argues the Government must be ready to respond employers needs, with access to a sufficient supply of skilled labour to drive growth and international competitiveness.
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New improvements to the Tyne Tunnel permit system
Posted on: 01/03/12
When construction of the tunnel began in 2008, the day when both tunnels were in full operation seemed a long way off. But on 21st November 2011 that mission was completed and 2 lanes of traffic 40,000 vehicles freely passed through the tunnels for the first time, but the project didnt stop there.
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New improvements to the Tyne Tunnel permit system
Posted on: 01/03/12
When construction of the tunnel began in 2008, the day when both tunnels were in full operation seemed a long way off. But on 21st November 2011 that mission was completed and 2 lanes of traffic 40,000 vehicles freely passed through the tunnels for the first time, but the project didnt stop there.
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Free mentoring training workshops prove popular
Posted on: 01/03/12
It is often surprising how many people want to put something back into the community, but if the popularity of free SFEDI Small Firms Enterprise Development Initiative accredited mentoring training workshops is anything to go by, the North East community will be benefitting greatly in future from the skills and knowledge of the many experienced people who are currently qualifying as trained Volunteer Business Mentors.
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Northern Rock bailout benefits UK Financial Investments
Posted on: 29/02/12
Major news this morning was the much anticipated results from the ECBs second 3 year LTRO,from which we learnt the ECB had allotted 530 billion across 800 institutions. Whilst the numberof banks participating was significant, the total value of the loans was slightly ahead of, but notsignificantly divergent from expectations. With such a figure anticipated, reactions were mutedacross asset classes, major Eurozone stock markets traded modestly higher and the Euro lost someground against the dollar.
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CBI supports Job Seekers work scheme
Posted on: 29/02/12
The CBI has offered its support to work experience schemes aimed at individuals claiming Job Seekers Allowance.The Government met with businesses to discuss the Get Britain Working scheme, in which 16 to 24 year olds on job seekers allowance do up to eight weeks unpaid work but keep their benefits. In recent weeks the scheme has come under increasing criticism after is was exposed that individuals who dropped out of the scheme after a probationary period of one week could have their benefits docked. The Government have since dropped this threat, but sanctions will still apply if a gross misconduct occurs.Many large corporations have pulled out of the scheme after receiving accusations that their involvement in the project was tantamount to slave labour.However, Katja Hall, CBI chief policy director believes that the scheme does provide youngsters with an excellent chance to experience the world of work.She commented Gaining hands on experience of the workplace is vital to giving young jobseekers a foot in the door, and it can make such a difference when they are applying for interviews. The advantage of this scheme is that they gain work experience while remaining on benefits.The work experience schemes record of getting people into jobs is very strong, with more than half coming off benefits after 13 weeks of starting a placement.
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CBI supports Job Seekers work scheme
Posted on: 29/02/12
The CBI has offered its support to work experience schemes aimed at individuals claiming Job Seekers Allowance.The Government met with businesses to discuss the Get Britain Working scheme, in which 16 to 24 year olds on job seekers allowance do up to eight weeks unpaid work but keep their benefits. In recent weeks the scheme has come under increasing criticism after is was exposed that individuals who dropped out of the scheme after a probationary period of one week could have their benefits docked. The Government have since dropped this threat, but sanctions will still apply if a gross misconduct occurs.Many large corporations have pulled out of the scheme after receiving accusations that their involvement in the project was tantamount to slave labour.However, Katja Hall, CBI chief policy director believes that the scheme does provide youngsters with an excellent chance to experience the world of work.She commented Gaining hands on experience of the workplace is vital to giving young jobseekers a foot in the door, and it can make such a difference when they are applying for interviews. The advantage of this scheme is that they gain work experience while remaining on benefits.The work experience schemes record of getting people into jobs is very strong, with more than half coming off benefits after 13 weeks of starting a placement.
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Darlington football fans use crowdfunding to save club
Posted on: 29/02/12
Fans of stricken Darlington Football Club are looking to secure the future of their much-loved team by using a crowdfunding website to raise funds.The 129-year-old club has faced financial difficulties, and in a last bid to save it from closure fans are using Crowdcube to offer the chance to buy shares in the club.Following administration on January 3, the Buy Darlo campaign has now raised £291,450 of its £750,000 target. If the bid turns successful, fans of the Quakers, will mean that fans will own 100 of the club.Jenny Chapman, MP for Darlington and a Quakers fan comments If Darlington FC went bust it would be a disaster for the local community and economy. With clubs around the country experiencing financial difficulties we passionately believe that fan ownership is the future for Darlington and other clubs to ensure that they are run sustainably and are here for future generations to enjoy.Support for the campaign has extended beyond the UK, with one Italian fan investing £100, after following the club for 20 years.Luke Lang, co-founder of Crowdcube says Crowdcube was designed to be a platform to help entrepreneurs raise growth capital but Darlington is proving that it is just as effective for sports clubs seeking to raise money. As a personal supporter of Exeter City FC, who faced its own financial difficulties in 2003 and is now owned by fans, Im especially happy that Crowdcube could provide that platform to make this fantastic dream one step closer to becoming a reality. Crowdfunding has tremendous potential for the public to step in and take ownership to safeguard important organisations such as a village pub, post office or in this case a football club.
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Darlington football fans use crowdfunding to save club
Posted on: 29/02/12
Fans of stricken Darlington Football Club are looking to secure the future of their much-loved team by using a crowdfunding website to raise funds.The 129-year-old club has faced financial difficulties, and in a last bid to save it from closure fans are using Crowdcube to offer the chance to buy shares in the club.Following administration on January 3, the Buy Darlo campaign has now raised £291,450 of its £750,000 target. If the bid turns successful, fans of the Quakers, will mean that fans will own 100 of the club.Jenny Chapman, MP for Darlington and a Quakers fan comments If Darlington FC went bust it would be a disaster for the local community and economy. With clubs around the country experiencing financial difficulties we passionately believe that fan ownership is the future for Darlington and other clubs to ensure that they are run sustainably and are here for future generations to enjoy.Support for the campaign has extended beyond the UK, with one Italian fan investing £100, after following the club for 20 years.Luke Lang, co-founder of Crowdcube says Crowdcube was designed to be a platform to help entrepreneurs raise growth capital but Darlington is proving that it is just as effective for sports clubs seeking to raise money. As a personal supporter of Exeter City FC, who faced its own financial difficulties in 2003 and is now owned by fans, Im especially happy that Crowdcube could provide that platform to make this fantastic dream one step closer to becoming a reality. Crowdfunding has tremendous potential for the public to step in and take ownership to safeguard important organisations such as a village pub, post office or in this case a football club.
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Danish firms 150 new jobs
Posted on: 29/02/12
Up to 150 jobs are to be created after a disused factory was brought back to life.
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Excelsior Academy celebrates young entrepreneurs
Posted on: 29/02/12
Businesspeople from across the region came together last night to celebrate some of the regions most innovative and creative young entrepreneurs from Excelsior Academy, Newcastle.This is the second year that Excelsior Academys Business and Enterprise Awards celebrated the achievements of pupils across the Academys four schools - Armstrong, Hadrian, Jefferson and Milburn, as well as the sixth-form Excelsior College.The awards were run in partnership with If we can, you can, an online mentoring community inspired by the Entrepreneurs Forum, who are keen to support the successes of each and every young entrepreneur at the school. Executive director of the Entrepreneurs Forum, Nicola Short was in attendance at the event. Speaking about the Forums involvement in the programme, she commented We at the Forum feel that it is very important to inspire young individuals in schools and colleges to want to aspire to do well. Whether that is to go forward and set up a new business or to be the next business leader, we feel that its important to provide them with access to people who can inspire them along that journey.Tonight has been inspirational - Im absolutely blown away by the sheer determination of these young people.Over the course of the evening, 10 entrepreneurs gave short presentations about their interesting and inspiring career paths, before pupils were presented with awards in a number of categories including Creativity, Digital Media, The World of Enterprise and Ex-Factor to pupils who have demonstrated initiative and creativity in business. Lynn Aitchson is Principal of Armstrong School Business and Enterprise School within Excelsior Academy, and believes that the ceremony is a very important occasion for pupils. She said The awards help to raise pupils aspirations and self-belief whilst also helping them to go out and engage with the wider community.On a wider scale, it shows that there are opportunities, both from an employer and employee perspective.Ammar Mirza, secretary general of Asian Business Connexions ABC and serial entrepreneur was in attendance at the Awards. Mr Mirza believes that ABC and Excelsior share a common ethos - to create business opportunities and to foster harmonious community relations within the area. He added These awards typify the exciting, innovative and unique outlook of the Academy. This is an incredible achievement from the young people of our community, these are not future entrepreneurs, these are young people making a name for themselves now. Everyone at ABC is particularly excited at the opportunity of working with the Excelsior Academy providing real live business support from industry experts to the pupils to further enhance their learning experiences.
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Whitley Bay to benefit from Big Local scheme
Posted on: 29/02/12
Whitley Bay has been chosen as one of the 50 areas across the UK to benefit from the Big Local scheme.The project will enable local people to build on their own skills to make their areas better communities to live in. The area is now set to receive financial investment and support from an independent charitable organisation, which aims to encourage local residents to come together to prevent the decline of their town.The activity will compliment the physical regeneration of the town which is currently being progressed by North Tyneside Council and its partners.
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All-star lineup for Great North East event
Posted on: 28/02/12
North East marketing man Geoff Ramm has assembled an all-star cast of speakers for a one-off event in aid of a childrens charity.Geoff is celebrating 10 years in business with Now Thats What I Call A Great Event, which will take place at South Shields Customs House, with proceeds going to the Bubble Foundation at the RVI hospital.Times No1 best selling author Richard McCann Kevin Morley, former CEO of Rover and Secret Millionaire Kevin Gaskell, former managing director of both Porsche and BMW and Michael Jackson, one described by Nelson Mandela as a national treasure, will address 400 entrepreneurs. Geoff said For the past 18 months Ive been thinking of how to mark my 10 years in business and I thought what better way to do it than to bring together the people who have inspired me in the last decade and who I know businesses in the region are going to get so much from.I have been inspired by every one of the speakers and I am delighted that they are giving up their time to support my event and the Bubble Foundation. As for me I will be delivering some of my greatest Observational Marketing hits over the last decade and some never before seen material.The event is being sponsored by SAGE, along with South Tyneside Council, Spacecraft and Printing.com. Jo Lennon, Customer Marketing Manager at SAGE added We are delighted to support Geoff and his Great Event. 2012 is a challenging year for every business out there, but an evening like this will give so many people ideas and inspiration to stay successful. Almost half of the 400 tickets for the event have gone to businesses booking blocks for their staff and teams. Geoff added Its amazing, businesses are coming in from all over the country including Cumbria, Lancashire, London, Yorkshire and North Wales but I am calling on all businesses in our region to see the best of the best on April 2 and to help support such a wonderful childrens charity.Now Thats What I Call A Great Event will take place on Monday April 2 between 6pm-10pm, and tickets are priced £30 from the Customs House box office.
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FTSE higher despite Greek downgrade and weak US
Posted on: 28/02/12
SP late yesterday cut Greeces long term credit rating to selective default, following a similar move by Fitch last week. The agency cited the retroactive insertion of collective action clauses in Greek bonds, a move that forces minority holders into a restructuring if it is agreed by the majority. SP stated that the insertion changed the original terms of the debt, although the rating would be upgraded to CCC once the debt restructuring has occurred which will see bonds lose around 74 of their full redemption value.
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Sales in retail sector remain steady
Posted on: 28/02/12
Retailers have seen little change in sales volumes in the first half of February, compared to last year.The CBIs latest quarterly distributive trades survey, conducted over the first two weeks of February, revealed that 34 of retailers reported an increase in sales in the year to February, and 36 had seen a reduction. Grocers reported significant increases in their volume of sales +55, and non-store retailers, including online and mail order, recorded +71. Wholesalers beat expectations on increased volume of sales and the volume of orders placed upon suppliers. Other sectors saw weaker performance, such as clothing retailers reported -41, the lowest figure since March 2009, and household goods along with hardware and DIY fared poorly at -100 and -90 respectively. In the motor trades, sales volumes fell in the year to February, as sales of new and used vehicles still falling rapidly at -44.
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Government must do more to increase business confidence
Posted on: 28/02/12
New research has shown that the Government is wasting vital opportunities to increase confidence amongst investors which could speed up economic growth.
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Bombardier hopeful as Crossrail tenders open
Posted on: 28/02/12
Transport Secretary Justine Greening has opened the tender period for the £1bn London Crossrail project, sparking hopes that Derby-based Bombardier will win.Bombardier will face international rivals in the bid to build 60 new trains and a depot in West London. Announcing the launch of the invitation, Mrs Greening said Crossrail will create vital new transport infrastructure to support economic growth. It will deliver faster journey times and a 10 increase in the capacity of Londons rail network.She also noted the successful bidder would be required to operate responsible procurement, meaning they would need to set out how they will engage with the wider supply chain and provide opportunities for training and apprenticeships.The government came under criticism when Bombardier lost out to Germany company Siemens on the £1.6bn contract for the Thameslink rail project. Mrs Greening noted that findings of the Growth Review, promoted by the Bombardier loss, would form part of this tendering process.Bombardier will face competition from three other companies including Spains CAF, Hitachi Rail Europe and Siemens. Andrew Wolstenholme, Crossrail Chief Executive said Procurement of the rolling stock and depot is crucial to the overall delivery of Crossrail, which will create a significant transformation of transport in London and the southeast. Over the past year Crossrail has successfully procured some of the largest value contracts in recent UK construction history, creating major employment opportunities and providing a much needed boost to the UK economy. In doing so we have developed a reputation for being an industry leader in procurement built on a commitment to conduct our procurements in a fair, objective and transparent manner and in full compliance with the regulatory framework.Commenting on the overall Cross rail project, Mayor of London, Boris Johnson, said Crossrail provides London with a multitude of benefits including a huge economic boost for our city. Thousands of jobs are being created through the construction of the railway, many of which will be through the manufacture of trains and depots. When up and running Crossrail will single handedly increase the rail capacity in our great city by a whopping ten per cent and support regeneration across the whole of the capital.
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Getting the lowdown on hazardous goods
Posted on: 28/02/12
Companies that transport hazardous goods have learned more about the rules which will prevent them being banned from the roads.
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Universities key to strong economic future
Posted on: 28/02/12
A new report is encouraging the Government to place universities at the centre of plans to promote economic growth.Professor Tom Wilson, former vice-chancellor of the University of Hertfordshire and HEFCE board member was asked by the Government to consider how universities can work with businesses to ensure students meet the needs of the workplace.His findings indicated that the UK has the potential to be a world leader in university-business collaboration, building on the diversity of collaborative networks, partnerships and supply chains that already exist.Professor Wilson commented The key to success is on-going cultural change, strengthening and extending the relationships between business and universities. To achieve this belief, commitment and leadership amongst universities, business and government is essential.If this potential is fulfilled, universities will be at the heart of our knowledge-based economy, collaborating with business and government to generate the wealth necessary for a healthy and prosperous society.The report recommends that universities focus on producing graduates with knowledge relevant to their future careers, ensuring that there is a constant interchange of research, ideas and people between academe and business.Universities should also consider working closely with Local Enterprise Partnerships and government agencies to attract inward investment whist also identifying areas of future knowledge and capability creation. Commenting on the findings, universities and science minister David Willetts said Sir Tims review has identified a number of examples of how collaboration can work in the real world and the good practice that already exists. Id now like to see this best practice spread more widely within and across universities, businesses, industry sectors and local areas.Sir Tim has produced a comprehensive and timely report. The challenge now is for universities and businesses - with government - to work together to drive forward these recommendations to ensure the long term world class competitiveness of our economy.
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Leeds City Region tackle next stage of RGF
Posted on: 28/02/12
Leeds City Region is urging businesses to apply for the third round of the Regional Growth Fund.An extra £1bn is available nationally to businesses looking to instigate growth and create new jobs.The LEP will be offering endorsement of projects that reflect the city regions economic priorities.Neil McLean, Chair of the Leeds City Region LEP, said The Leeds City Region economy has already benefited from significant RGF funding including £3.3 million for the Partnerships package of nine advanced manufacturing businesses, which were seeking funding of less than £1 million grant threshold.As with previous rounds we are offering help and support to city region businesses that wish to put their proposals forward for funding and I would like to invite businesses to come forward with their proposals as soon as possible. In order to help smaller business, the LEP will pull together packages of projects that do not meet the minimum £1m threshold, where a relationship is clear across key themes including advanced manufacturing, health, green jobs and creative and digital industries. In rounds one and two of the Growth Fund, Leeds City Region benefited from around £60m of funding.
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Staff Awards
Posted on: 28/02/12
Many firms are still experiencing challenging financial circumstances resulting in small or non-existent pay-rises for employees. To combat this there are lots of things a business can do to keep staff motivated and on-side. Studies have regularly shown that staff morale is never just about the money.
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Service Sector sees conditions weaken
Posted on: 28/02/12
In the three months to February, business conditions weakened for the UK services sector according to the CBI. The decline in activity was at a slower rate than the previous period in Consumer Services, but by less than expected for Business and Professional Firms. However, this decline is expected to get even slower over the next 3 months.In the Consumer Services sector, -25 of firms said that businesses fell broadly in line with the expected figure of -23. This represents a significantly less negative balance than the -41 which was reported in the last survey.Costs per employee were broadly stable for the first time since August 2009 at -3. While the sector witnessed an increase of selling prices to 9, this was still lower than the 22 figure which analysts had anticipated.Ian McCafferty, CBI Chief Economic Adviser, said Although volumes of business activity continued to worsen across the UK services sector in the past quarter compared with the previous quarter, there are some tentative signs that conditions may be levelling out.Theres been a slowdown in the rate of decline in business volumes for consumer services firms, and they expect this to continue in the coming three months.In the Business and Professional services sector, employee numbers grew by 10, defying an expected decline of -11. Many firms expect this trend to continue, anticipating a rise of 8 in the coming months.Plans for capital spending in this area have also been lowered after a period of growth, with businesses planning to spend less than last year on land, buildings, vehicles plant and machinery. Plans for IT investment is at its lowest rate since August 2009. Mr McCafferty continued Firms providing business and professional services have seen business activity deteriorate, but not to the extent they had anticipated, and they too are expecting a more modest decline in the coming quarter.Business confidence remains fragile, and will continue to be so given the continuing uncertainty in the Eurozone. However, there are some signs that after the very sharp fall in confidence at the height of the crisis last autumn, sentiment is stabilising.
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Branson begins hunt for next big ethical idea
Posted on: 27/02/12
Sir Richard Branson is searching for the next big ethical or socially aware business, as part of an online competition.Sir Richards charity, Virgin Unite is looking for the best new businesses who feature in his next book, and to be flown on an all expenses connection trip to South Africa. Screw Business As Usual is the title of the new book from the business magnates new book, which showcases a growing community focused on business as a force for good. Businesses are being encouraged to enter through a story or brief description of their idea in action whether this be the creation or transformation of a business, or the start of a consumer movement that will create demand for better products and services.Each month, the top five entries will be voted for, and will go on to receive a prize. The top ten ideas will then be voted for by the online community, by April 17, before a grand prize winner is selected by an independent judging panel. The overall winner will be taken on a Virgin Unite Connection Trip to South Africa, to learn from front-line leaders who are making change happen, and turning capitalism on its head.
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Sea Cadets sail into final of renowned RICS
Posted on: 27/02/12
Middlesbrough Sea Cadets are celebrating that their new fit-for-purpose headquarters has been shortlisted for a prestigious RICS Award following a generous regeneration project.
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Calvert Trust submits plans for £10m expansion
Posted on: 27/02/12
Plans for the £10 million development of an outdoor activity centre for disabled and able-bodied people in the North East have been submitted to Northumberland County Council.Improvements to the Calvert Trust Centre in Kielder Water and Forest Park, Northumberland would enable thousands more people to benefit from activity park offering. Additions and improvements include a visitor hub complete with climbing wall, caving system, bouldering wall, cafe and offices as well as a sports hall and outdoor activity area.Five new self-catering cabins would also be built under the proposals, adding to the 10 cabins already available on the site close to Kielder Water.Calvert Trust Chief Executive Peter Cockerill believes that the changes will enable the charity to move one step closer to their vision of disability no limitsHe commented Calvert Trust at Kielder has been providing challenging outdoor activities for people of all abilities for more than 25 years and these exciting new plans will lay the foundations for growth over the next 25 years. The development will benefit people with a wide range and degree of disability with some of the facilities open to Day visitors. It will also attract families with a disabled parent or child along with their able-bodied friends charitable organisations working with people with disabilities adults with care needs seeking a break on their own special needs schools and mainstream schools, many of whom have disabled pupils.As a key member of the Development Trust, Calvert Trusts Kielders plans will be a key component of that growing offer ,and will join other businesses in the area by becoming a sustainable year-round attraction. Elisabeth Rowark, director of Kielder Water Forest Park Development Trust said The plans look amazing - a new visitor hub will be a welcome addition to the existing facilities across Kielder Water Forest Park. Over the past few years, new additions such as mountain bike trails and the Lakeside Way have contributed to making the Park a world class visitor destination.Architects, Jane Darbyshire and David Kendall Ltd and landscape architect Glen Kemp, have produced the plans which form part of the overall development of Kielder Water Forest Park.
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Calvert Trust submits plans for £10m expansion
Posted on: 27/02/12
Plans for the £10 million development of an outdoor activity centre for disabled and able-bodied people in the North East have been submitted to Northumberland County Council.Improvements to the Calvert Trust Centre in Kielder Water and Forest Park, Northumberland would enable thousands more people to benefit from activity park offering. Additions and improvements include a visitor hub complete with climbing wall, caving system, bouldering wall, cafe and offices as well as a sports hall and outdoor activity area.Five new self-catering cabins would also be built under the proposals, adding to the 10 cabins already available on the site close to Kielder Water.Calvert Trust Chief Executive Peter Cockerill believes that the changes will enable the charity to move one step closer to their vision of disability no limitsHe commented Calvert Trust at Kielder has been providing challenging outdoor activities for people of all abilities for more than 25 years and these exciting new plans will lay the foundations for growth over the next 25 years. The development will benefit people with a wide range and degree of disability with some of the facilities open to Day visitors. It will also attract families with a disabled parent or child along with their able-bodied friends charitable organisations working with people with disabilities adults with care needs seeking a break on their own special needs schools and mainstream schools, many of whom have disabled pupils.As a key member of the Development Trust, Calvert Trusts Kielders plans will be a key component of that growing offer ,and will join other businesses in the area by becoming a sustainable year-round attraction. Elisabeth Rowark, director of Kielder Water Forest Park Development Trust said The plans look amazing - a new visitor hub will be a welcome addition to the existing facilities across Kielder Water Forest Park. Over the past few years, new additions such as mountain bike trails and the Lakeside Way have contributed to making the Park a world class visitor destination.Architects, Jane Darbyshire and David Kendall Ltd and landscape architect Glen Kemp, have produced the plans which form part of the overall development of Kielder Water Forest Park.
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Fessing Up
Posted on: 27/02/12
The Tipster recalls walking through a rather upmarket departmental store in the north east of England pushing the latest addition to The Tipster Family in a rather swanky buggy.
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Fairtrade sales increase as UK businesses commit
Posted on: 27/02/12
Sales of Fairtrade products increased 12 to £1.32bn in 2011, as cocoa and sugar both show significant growth.The figures mean Fairtrade premiums, the extra received by producers for business or social development increased by over 10 in 2011 compared with 2010. Fairtrade Fortnight begins today, and a briefing reveals the sugar and confectionery industry are stepping up more than ever to meet sustainability challenges, and deliver a better deal for small scale farmers and workers.Recently Wm Morrison supermarkets have committed to stocking Tate Lyle, the first major brand to convert to Fairtrade in 2008.This will take Fairtrades share of the UK sugar market to 42, as other brand manufacturers have also committed to Fairtrade sugar.Divine Chocolate, Cadbury Dairy Milk, Maltesers and ice-cream companies such as Ben Jerrys are all among those switching to Fairtrade. Harriet Lamb, executive director of the Fairtrade Foundation, said Fairtrade is an example of responsible capitalism in action. We believe that responsible businesses are those who dont just tackle the company bonuses at the top, but also seek to ensure a fairer deal for the workers and farmers at the bottom of the supply chain too. The commercial reality is that forward-thinking companies are showing leadership in committing to Fairtrade, realising that, as well as it being the right thing to do, they need to invest in smallholders, developing better, longer-term relationships, to ensure the future supply of commodities like cocoa, coffee, sugar, tea, fruit and more.Impending EU sugar forms will jeopardise access to European markets for some of the worlds poorest sugar producing countries, potentially creating more poverty. Research on The Belize Sugar Cane Farmers Association BSCFA which supplies Tate Lyle, and the Kasinthula Cane Growers Association KCG in Malawi, shows Fairtrade is a strong tool for farmers.The BSCFA, have been able to boost the yield of sugar content in each cane by 30, by improving roads and consequently delivery times.Better environmental management is evident through tree plating programmes and soil analysis date, and social benefits such as education and clean water programmes, have been achieved. This years Fairtrade Fortnight calls on the UK public to take 1.5 million steps for Fairtrade, one for every farmer and worker the Fairtrade system hopes to work with by the end of 2012.Andrew Mitchell, Secretary of State in the Department of International Development Dfid, said Trade drives growth which in turn creates jobs and wealth in communities. Through trade we can help people to pull themselves out of poverty. Ensuring farmers and other producers get a fair price for their produce and effort is central to this. One of Marks Spencers steps for Fairtrade Fortnight is to sell the first ever tea grown and packed at Iri-iani, a small holder group in Kenya. Marks and Spencers shared skills and expertise on packing with the group, part-funded by Dfids Food Retail Industry Challenge Fund FRICH which supports African farmers through innovative business partnerships.
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Tait Walker launch business advice blog for SMEs
Posted on: 27/02/12
Business owner-managers in the North East can now benefit from a newly launched advice blog from chartered accountancy practice Tait Walker.
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New Starts
Posted on: 27/02/12
Newcastle-based Horizonworks Marketing has appointed a new member to its team, following increased demand for its services.Jen Dugdale will join the seven others at Horizonworks as an account manager, focusing on campaigns, branding, PR, web development and market research.Managing director, Samantha Davidson, said I am pleased to welcome Jen to the team and I am sure that she will become an invaluable member of our team.Jens appointment will allow us to develop the business further and provide our clients with an exceptional marketing service.Law firm Dickinson Dees has promoted Emma Moody to Head of Charities, having worked in charity law for ten years.Emma is top ranked for her charities work and is recognised as one to watch by legal bible Chambers and Partners.Commenting on her promotion, Emma, said I am delighted to take on the role of Head of Charities at Dickinson Dees. It will be very much business as usual in terms of the work I do for our charities and independent school clients, advising them on a wide range of legal issues.ARC, Stockton Arts Centre has added three new members to its Board of Trustees.Senior lecturer in performing arts at Northumbria University, Kate Craddock Teeside GP Paul Williams and local playwright Ishy Din all bring a wealth of skills and influence to the Board, which meets quarterly for strategic development discussions.ARCS Board Chairman, Barry Thomas said I am delighted that we have been able to strengthen the Board with these three key new members, and look forward to leading ARC to continued success over the next few years with their contribution.Digital and communications agency Orange bus is creating five new senior level jobs following increased demand from national clients. Co-director Julian Leighton described 2011 as a transformative year for Orange Bus, due to the launch of a new digital marketing division and increased turnover. This year, the firm plan to move into a Software As A Service based business model and Mr Leighton said While the time for money exchange will always form a key part of the business, moving into product development will see the business grow in ways it hasnt before.Darlington-based trade print service provider Addo Printing has expanded its team.Lyn Elkin has joined as commercial manager, taking on payroll duties, office administration and quality assurance responsibilities.The firm has also launched an apprenticeship scheme, signing up three apprentices initially, with the strong possibility that two will be offered permanent roles in the near future.
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Lloyds reveals 2011 full year net loss
Posted on: 24/02/12
Consistent with recent performance, equity markets struggled for direction today amid continuing issues surrounding Europe and Greece. The German Finance Minister stated in a letter to the countrys politicians that there is no guarantee that the Greek bailout will be successful, and urged them to vote for the package ahead of the German parliamentary vote on the Greek bailout on Monday. It also came on the day that the Greeks were to launch their private sector involvement PSI deal with private creditors, following parliamentary approval last night for the insertion of retroactive collective action clauses for bonds issued under Greek law.
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£500m initiative to boost regional healthcare innovations
Posted on: 24/02/12
A new £500,000 initiative is set to provide a boost for small and medium businesses working on new ideas, devices and technology to improve healthcare.The Innovation Pathway North East will offer businesses working on healthcare innovations access to sector experts, advice on stimulating new ideas, protecting intellectual property and disseminating innovation across the regions NHS Trusts.The new organisation will be based at RTC North offices in Sunderland and Gateshead, and will help companies engage with the healthcare sector, NHS Trusts and newly formed Clinical Commissioning Groups. The joint project between NHS Innovations North and the Health Innovation and Education Cluster North East HIEC NE hopes to bring cohesion to the sector whilst also encouraging the adoption and dissemination of new healthcare projects.Dr Philip Nichols, director of HIEC NE believes that this project will be a major boost to the regions healthcare sector, and believes it has the potential to create jobs which will ultimately improve patience care.He commented Innovative ideas can originate from many sources, including front line health professionals in the NHS, innovators in industry or academics in higher education. The Innovation Pathway North East will reach out to industry and help make those important links between innovators, the NHS, healthcare staff and patients.RTC North have extensive experience in working with businesses, universities and NHS Trusts across the North of England to help them take new products and services to market.Commenting on the Innovation pathway, RTC North CEO Gordon Ollivere said It has always been tough for companies to break in to the healthcare sector or to understand how to best deal with the NHS. The Innovation Pathway will give companies access to valuable expertise on how to turn their ideas in to successful products, while at the same time making a real contribution to improving patient care. The Innovation Pathway North East project is part-financed by the European Regional Development Fund, managed by the Department for Communities and Local Government, securing £559,017 investment.
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Rents fall in North East
Posted on: 24/02/12
The North East is the only area in the country where residential rents have fallen according to the latest figures released by property services group LSL.
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Rents fall in North East
Posted on: 24/02/12
The North East is the only area in the country where residential rents have fallen according to the latest figures released by property services group LSL.
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NOF forms strategic partnership with Indian business giant
Posted on: 24/02/12
NOF Energy have formed a new strategic partnership with an Indian based global engineering manufacturer, in a bid to improve international links and globalise the business. Larsen and Toubro provide integrated solutions for the hydrocarbons industry, which will support NOF Energys programme of supply chain development. The firms UK hydrocarbons operation is also looking for engineering services and fabrication opportunities and is keen to develop relationships with new front end partners to facilitate this market strategy.It will also provide advice and guidance to NOF Energys 400 members who are looking to devleop new markets looking to deliver products and services in new markets such as India and the Middle East where Larsen and Toubro is active as a major hydrocarbon engineering, procurement and construction contractor. Phil Emsley, Head of European Business Development from Larsen Toubro, said At a time of unprecedented growth in the Indian market becoming a strategic partner of NOF Energy will help us to globalise our business by gaining access to UK suppliers and providing them with access to the Indian market as well as facilitating our market entry into the UK.The 11.7 billion company, who operate in the technology, engineering, construction and manufacturing is also looking to use its new partnership with NOF Energy as a gateway to the supply chain of new products and services,Joanne Leng MBE, Director Business Development at NOF Energy, said We are proud to announce that Larsen Toubro has joined our Strategic Partner network as it is a globally-respected organisation with an established position across the energy sectors.NOF Energy works closely with its Strategic Partners to provide our members with access to operators, developers and main contractors to support their business development and improve interaction across the supply chain. The partnerships also support the development of relationships with a supply chain that understands Strategic Partners operations and requirements.
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Employers could drive motivation with benefits
Posted on: 24/02/12
UK employers are missing out on the chance to motivate their workforces with affordable benefits, research has shown.A survey by YouGov revealed that just under half of employers recognise the link between staff retention and benefits, and one in 10 say there is no link between staffing and employee benefits.It was found that offering employee benefits can have an impact on costly areas such as recruitment and retention, as more than one third of employees with no benefits say the lack of perks make them more inclined to leave their current job.Those who do have benefits say it makes them more inclined to stay 60 of those with three or more benefits envisaged working for their current employer for the next five years compared to just 35 who do not receive any.The financial services, those earning over £50,000 per year and employees of FTSE 100 companies, were among the groups most satisfied with their current benefits package.Pensions were found to be considered the most important among employees, followed by receiving a bonus and then life assurance. Speaking at the Employee Benefits Connect conference in London on Thursday, YouGovs Dr Michael Wagstaff said there was a clear business case for offering employee benefits.He said Employers may not be able to afford the most expensive benefits in the current climate, but many are missing out on the opportunity to boost staff retention and benefit from employees who act as advocates for their business, by offering affordable employee benefits.There is a clear business case for offering employee benefits to staff they help to boost commitment, job satisfaction and performance. Understandably, many employers arent able to offer company cars or bonuses, but where they are missing a trick is in failing to recognise that there are more affordable benefits that influence happiness and commitment, such as discount schemes and financial advice.He went on to add that 76 of respondents who received benefits said they were advocates for their employers organisation, products and services as a result.
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Industry concerned over carbon tax
Posted on: 24/02/12
Manufacturing organisation EEF is urging government to abandon plans to double the UKs Carbon Price Floor, saying it will damage the countrys competitiveness. According to the EEF, if the government continues with its current price trajectory, this will double the rate of the Carbon Price Support levied on fossil fuels used for power generation.Under the proposals, tax would reach £10 per tonne in 201415, and EEF would like a return to the original estimate of £7.28 for 2014. A tax on this scale would push industrial electricity prices up a further 6-7 on top of the host of existing policy measures already adding to energy costs.EEF director of policy, Steve Radley, said The UK risks blindly walking into a situation whereby we lock ourselves into higher energy taxes, regardless of the market price of carbon. Yet another unilateral increase on this scale, coming at a time when the economy is still in recovery, would only serve to widen further the gap between electricity prices in the UK and those in our competitors in Europe. It would also contradict the governments stance that the UK will go no faster than our partners in Europe and push industrys costs. Government must think again about imposing this unilateral increase.The organisation would also like the Budget used to undertake a strategic review of energy and climate change policy reform in the run up to the next Comprehensive Spending Review.Mr Radley added The current policy landscape remains costly, confusing and complex. Government must grasp the opportunity to undertake unique change which will ensure we meet our environmental challenges at the same time as boosting our manufacturing sector.
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Masterchange- Business doesnt get tougher than this
Posted on: 24/02/12
In todays tough economic climate , it is essential every opportunity to improve the bottom line is identified and acted on with pace.
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RBS shares jump despite reporting further losses
Posted on: 23/02/12
After a moderately indecisive day, Britains leading shares closed marginally higher on Thursday,buoyed somewhat by corporate earnings news and economic data.
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Onyx secure key public sector contract
Posted on: 23/02/12
A North East IT expert is celebrating after it was awarded with a coveted contract to provide cloud computing services to the UK public sector.The Onyx Group has been named as an official supplier to CloudsStore, where public sector organisations can purchase pre-procured cloud services online. As their first public sector contract, the move marks a key milestone for Onyx, and CEO Neil Stephenson now hopes that this will allow the Group to expand its public sectir IT services business.
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MJN Colston goes into administration
Posted on: 23/02/12
National building services form MJN Colston Limited has gone into administration.The firm, which is based in Stockton on Tees employs around 420 staff in their offices in Gateshead, Blackburn, Coventry, Bury St Edmunds, Croydon, Bristol, Bridgend and Exeter.Despite plans to continue trading in the short term, 148 employees are to be made redundant. Partners at Deloitte Daniel Butters and Matt Cowlishaw have been appointed joint administrators to the firm. Mr Butters commented Our appointment follows a strategic review of MJN Colston Limiteds financial position. We intend to trade the business in the short-term with a view to selling and novating the contracts to other providers. We will continue to work with the companys suppliers and customers and will seek to find a buyer for the business and assets to minimise disruption.
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Leeds City Region launch employment and skills campaign
Posted on: 23/02/12
Leeds City Region LEP Board has launched its employment and skills campaign, which aims to help upskill those out of work. 5-3-1 campaign offers 5 things you can do 3 reasons to do them and 1 positive out come, being the growth of the economy.The scheme will promote doing more to invest in skills, enhance links with education, offer work placements to an unemployment person, offering an apprenticeship and mentoring a budding entrepreneur. Private sector members of the Partnership and the LEP Board signed up to the campaign with the ultimate goal of getting 1000 businesses to join them by the end of 2012. Neil McLean, Chair of the Leeds City Region LEP says I am delighted to launch today our first business to business campaign to actively encourage improvements in skills and employment. The figures speak for themselves, we need to invest more in people, increase our productivity and help our business grow.I would like to invite the city region businesses to join this campaign. There are five things you can choose from and it only takes a small commitment to make a big change. For instance, if we increase our employment productivity by 1 point that will result in growing our economy by £1 billion every year. The potential is immense and the time has come to forge ahead.LEP Board Member, Stephen Kennedy, who is leading the 5-3-1 campaign, said he was keen to get as many businesses as possible to take action and support the campaign. He said It is a straightforward action campaign and companies can commit to one or more actions that suit their needs. If we want our businesses to succeed and our economy to flourish signing up to this campaign is an absolute must.
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Cambridge study will guide future of UK manufacturing
Posted on: 23/02/12
A manufacturing report announced at todays Growth Summit in Bristol will be used to guide the future of high value manufacturing in the UK.Cambridge Institute for Manufacturing IfM produced the study, which will be used to inform public policy, research strategies and investment programmes, particularly in the high value manufacturing Catapult centre, opened in October 2011. Five strategic themes were identified in the report, including resource efficiency, and the need to secure UK manufacturing technologies against scarcity of energy manufacturing systems material integration manufacturing processes and business models. The most promising RD innovation opportunity areas were highlighted as additive manufacturing, robotics and automation, micro and nano-manufacturing processes, low carbon vehicles, sensor technologies and energy storage.Professor Sir Mike Gregory, head of the University of Cambridge Institute for Manufacturing Using tried and tested Roadmapping techniques, coupled with a highly structured consultation process, this report reflects the views of a broad cross-section of senior industrialists, academics and institutions.Their collective expertise provides an excellent foundation on which to build robust and focused policies to support our vital manufacturing industries.Mark Claydon-Smith, EPSRC Lead, Manufacturing the Future, added The UK has a well-deserved international reputation for the quality of its science and engineeringresearch. However, the pathway to impact from excellent research can be convoluted. This reporthighlights a number of areas of clear national advantage, where the prospects for successful innovative outcomes are strong. The strategic focus described within this report provides an opportunity to build and sustain manufacturing competitiveness over the long term.
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Council worker pay freeze
Posted on: 23/02/12
1.6 million council workers across England, Wales and Northern Ireland will have their pay frozen for a third consecutive year.The Local Government Association have said that no pay offer will be made to employees for 201213, in order to protect funding to frontline services, and reduce further job losses.
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Corrosion Managers increase North East presence
Posted on: 23/02/12
A national corrosion management firm is increasing its presence in the North East to support the regions flourishing oil and gas industry.Strategic Corrosion Management SCM already has facilities in East Anglia and Gwent, and will now open a new development, support and training base in Blyth, Northumberland to provide clients with its suite of corrosion mitigaton and control services.With 12 staff in the UK, plus a consultancy support network of 12 diverse Corrosion Specialists and an Engineer pool of more than 60, SCM supports the long-term integrity of off and onshore oil gas installations, chemical process plants and manufacturing facilities.Company director Ian Cordingley is already from the North East, and believes that the region is a natural choice for the firms new operations as it is embedded into the UK and international energy and chemical sectors.He commented In addition the region has excellent supply chain links with Aberdeen, which is also a key location for our clients.We have applied our corrosion management solutions to assets operated by companies including Shell, Centrica, Conoco, BP, Maersk and Total, which has enabled SCM to establish an enviable reputation across industry. With our new operation we aim to build upon our previous success to further integrate ourselves into Oil Gas and Chemical industry supply chains out of North East England.SCM is an expert provider of corrosion management and control, corrosion prevention techniques including coatings selection, insulation and passive fire protection and has been serving clients in the North Sea, Europe, Far and Middle East, Africa and the Americas for more than 30 years. Its management systems are currently deployed on more than 80 facilities with at least 300 Client assets having deployed the SCM technologies on past projects.
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Northgate launches new site in Limerick
Posted on: 23/02/12
After increased demand from customers in the West of Ireland,a hrefhttpwww.northgatevehiclehire.co.ukNorthgate Vehicle Hirea, the market leader in flexible vehicle hire and fleet solutions, has launched a brand new site in Limerick. Continuing in its aim to support local businesses in need of efficient fleets.
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Third round of RGF applications opens for business
Posted on: 23/02/12
The third round of Regional Growth Funding has opened today, as the Government makes a further £1 billion available to businesses across the UK.The Deputy Prime Minister Nick Clegg will make the announcement at the Governments National Manufacturing Summit at the Bristol and Bath Science Park. He will also confirm that 48 of the successful firms from the first two round have completed their legal checks, and have been given access to Government funding to leverage private sector investment.It is hoped that the scheme will put in at least £5 of private sector money for every £1 of public money.The Regional Growth Fund is already having a huge impact across the UK. So far there have been over 170 successful bids to the fund, leveraging around £7.5 billion of private sector investment and set to create and protect 330,000 jobsCommenting on the news, Mr Clegg expressed the hope that the fund would create more jobs to get Britain building and making things again.Funding from rounds one and two has gone to some extraordinarily promising manufacturing projects. He said. From Pirelli Tyres in Carlisle wholl use the money to develop a new range of carbon-cutting tyres to a Portsmouth based company which hopes to use theirs to create a cutting edge boat building college.These are the kinds of projects that will lead their communities into brighter times, helping put industry at the heart of the UKs economy. Businesses have until June to apply for a share of this extra £1 billion.Expressing his support for the deputy Prime Minister, Business Secretary Vince Cable stressed that this new round of funding should not make businesses complacent about the future.He added The additional £1 billion in the fund will help us maintain momentum around supporting even more businesses and encouraging the creation of new jobs.Many of the successful projects from rounds one and two were manufacturers and the sector remains one of our national success stories. Manufacturing lies right at the heart of the Governments strategy for economic recovery and growth.Many of the 176 successful bidders from rounds one and two, which are currently going through their legal checks, have already started their projects, with around a third of the companies reporting that activity is underway.
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LEP leaders discuss plans for European relations
Posted on: 22/02/12
Delegates from across Europe have visited the North East this week to witness the opportunities available to them in the region.At the North East England in a Global Europe Ambitions for Growth conference, hosted by the North Eastern Local Enterprise Partnership NE LEP, delegates discussed ways to promote trading between European countries and regional businesses. The conference was also the first opportunity for the NE LEP to bring together key stakeholders to examine possible working relationships with European partners.Paul Woolston, Chair of the North Eastern LEP, said Building our trade and industry links with Europe is vital if we are to achieve our aims and ambitions for regional economic growth. This conference is a unique opportunity for us to come together as a region, to explore best practice and develop those crucial strategic economic relationships with Europe, that will be vital if we are to maximise future growth opportunities.Chief executive of the North East Chamber of Commerce, James Ramsbotham believes that Europe is a huge potential market which regional businesses now must make the most of.He commented There is nervousness about what will happen in the Euro, but it still presents an excellent opportunity for UK businesses.The culture in Europe makes it easier for us to do business than many other parts of the world, and firms must recognise this. We now need to use all of the advantages that we have here in the North East to show European businesses that are looking for opportunities outside of the Eurozone but within Europe that we are the very best place in the world to invest.
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Entering the Winter Olympics
Posted on: 22/02/12
Given the Tipsters failure to break into the summer London 2012 Olympic Team, he turned his mind to the Winter Olympics.
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Two Castles and Esh Group form innovative partnership
Posted on: 22/02/12
250 homes are set to be build across the North east and North West, thanks to an innovative new working partnership between Two Castles Housing Association and the Esh Group.Hadrian Development Solutions Partnership will use £5.2 million of fudning from the Homes and Communities Agency under the Governments Affordable Home Programme, and is one of the first developer led, national contracts signed by the HCA.Rob Brittain, property services director at Two Castles believes that for the housing sector to evolve and find new ways of working partnership schemes could make projects nore effective and prevent duplication.He commented Working in partnership like this has been fantastic for Two Castles as it resulted in the successful acquisition of funding to provide high quality, affordable housing for communities.We are hoping that other housing associations will see the benefits of this innovative partnership scheme based approach and are also inviting others in the housing industry to work with us to share best practice and create an innovative way of working, helping to deliver more affordable homes for more communities in the future. David Halfacre, chairman of Esh Property Services echoed his sentiments, adding We are delighted to be working with Two Castles on this innovative approach to providing much needed affordable housing in the north of England. This partnership is unique in that we led on the successful bid to the HCA in the 2011 - 2015 Affordable Homes Programme.
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Event to put entrepreneurs before senior managers
Posted on: 22/02/12
Senior executives are being called upon to give their time, skills and experience to work with ambitious small businesses.Pitching for Management event is returning to Newcastle, and will see some of the regions most exciting entrepreneurs pitch to senior executives, value added business angels and serial entrepreneurs to find people who can help them grow their business.Supported by law firm Ward Hadaway and Bridge Club North, the event will pair up experienced individuals with those entrepreneurs hungry for success.Modwenna Rees-Mogg, founder and CEO of Ptiching for Management, said Some of the regions most talented businessmen and women have already booked on even though our publicity machine is only just getting going.They really love the fact that they can assess which businesses they can offer the most to, without the usual rigmarole of paperwork, lunches and interviews usually associated with finding a position.And they really like the fact that they can meet and network with like minded people with a common interest in helping businesses to grow.We already have case studies of companies achieving 10-fold growth after hiring the right senior executives at our events. Head of intellectual property at Ward Hadaway, Alex Shiel, added We are supporting Pitching for Management because it is helping entrepreneurs in and around Newcastle to grow better and faster. Some of the UKs greatest entrepreneurs are based here and we want to help them build their teams so they can fulfil their ambitions. They will drive the recovery both locally and nationally. We are delighted to be hosting this seminal event three times this year as it provides a simple practical solution to the biggest challenge any fast growing business faces, gathering the team around the business opportunity so it can be exploited to its maximum potential.Caroline Theobald, founder of Bridge Club North, went on to say that it was key concern of investors on how to improve the management teams of the companies seeking funding from them.She said this event presented an opportunity for entrepreneurs to explain to senior managers what they need to help them grow, on terms that reflect where they are now, and where they intend to get to.
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Wallsend Memorial Hall announces Sting as Cultural Patron
Posted on: 22/02/12
Wallsend Memorial Hall Peoples Centre the MEMis delighted to announce Sting as Cultural Patron, giving the rebirth of one of the North Easts oldest community buildings a major boost.
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Sponsorship Opportunities for Charity Golf Day
Posted on: 22/02/12
Set up by the inspirational teenager Josie Grove who died of cancer in 2007, this Hexham based charity supports 100s of children young people with cancer.
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LEPs The national picture
Posted on: 22/02/12
Its well over a year since George Osbourne originally announced that 24 Local Enterprise Partnerships would be established across the country. Developed as a remedy to the over-centralisation of power, and the perceived expense, and bureaucracy of regional development agencies, the LEPs are now beginning to take shape. A total of 38 have now been approved some still in an embryonic stage, while others have already made positive gains for their regions. Speaking to Bdaily, Alex Ehmann, head of parliamentary and regulatory affairs at the Institute of Directors, acknowledged that it would take time for the LEPs to find their feet.He said Our thoughts when the LEPs first came to fruition were that roughly a third would be outstanding, and make really good progress, a third would be poor, and the rest would be OK.The jury is still out, although I think we need to see some really succeed and achieve progress, and some to fall by the wayside.
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Shares drift lower despite latest Greek agreement
Posted on: 21/02/12
Shares in Europe fell on Tuesday despite the overnight agreement by European finance ministers on a second bailout for Greece. A messy default was avoided but the Greeks must make yet more spending cuts and accept the permanent presence of EU monitors in exchange. Private sector bond holders would be offered a voluntary haircut of 53.5, higher than the 50 previously agreed, but perhaps better than many commentators had speculated of late.
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Shares drift lower despite latest Greek agreement
Posted on: 21/02/12
Shares in Europe fell on Tuesday despite the overnight agreement by European finance ministers on a second bailout for Greece. A messy default was avoided but the Greeks must make yet more spending cuts and accept the permanent presence of EU monitors in exchange. Private sector bond holders would be offered a voluntary haircut of 53.5, higher than the 50 previously agreed, but perhaps better than many commentators had speculated of late.
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Be prepared for RGF say experts
Posted on: 21/02/12
The third round of Regional Growth Funding is set to open soon, and Deloitte are encouraging businesses who are considering applying to consider their bids very carefully to ensure success.In the first two rounds North East businesses have so far been very successful, attracting more than £93 million of investment. However, as RGF awareness rises, it is becoming increasingly difficult to secure funding.John Spurr, Director at Deloitte in the North East said The two previous rounds of RGF have been heavily oversubscribed, but with significant funding available to business in North East, taking the time to prepare and submit a quality bid is worthwhile.Mr Spurr is now encouraging businesses to take active steps to help ensure their bid is successful. Firms looking to apply should ensure they have a credible business plan with a strong investment case. They should also look to professionals for advice on the proposals to ensure they are robust enough to withstand analysis.Businesses should also ensure they understand RGF bidding criteria. While the minimum bidding threshold of £1 million may dissuade smaller businesses from applying, it is possible for firms to collaborate and submit a package of projects to meet the minimum amount.
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SMEs compete for HSBCs growth grants
Posted on: 21/02/12
Ten SMEs have been shortlisted as finalists for HSBCs £200,000 Business Growth Grant Competition.A wide range of companies including a designer and manufacturer of innovative cycle racks, e-logistics provider, mobile app firm and a pudding producer are all in the running.On March 2, the finalists will pitch to a panel of judges to showcase what sets them apart, and how they will use the £50,000 winnings to accelerate their expansion. Two £50,000 Business Growth Grants will be awarded for domestic growth and a further £50,000 grants that will help to support companies develop their overseas trade. Stephen Price, HSBCs UK Head of Commercial and Business Banking, who leads the panel of judges, said Weve made it our challenge to seek out and support growing businesses, which will help stimulate economic growth in the UK. The HSBC Business Growth Grant competition has highlighted some fantastic businesses demonstrating ambition and innovation. I wish them all the best of luck on 2nd March.HSBC is also launching a new multi-billion fund specifically for SMEs that trade with other businesses across the globe. The HSBC International SME Fund will provide at least £4billion of lending to SMEs with a turnover of up to £25million.
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Sunderland named third worst place to find work
Posted on: 21/02/12
Sunderland is one of the hardest places in the country to find a job, with an average of 54 applicants per position, according to new research. The UKs top 50 cities were ranked by comparing job vacancies to the number of claimants in each location. Job titles and categories were also analysed to determine which positions ar more in demand.Job seekers were shown to have hugely varied prospects across the country, with large variations in the types of roles in demand in different locations.Aberdeen was found to be the easiest place to find a job, with more vacancies than it had unemployed, a statistic attributed to the citys strong oil and gas sector. Southern cities made up the rest of the top 5, indicating the presence of a North-South divide.Sunderland was the third most difficult place to find work, behind Hull and Stoke-on-Trent, where there were 80 and 72 applicants per job respectivelyAndrew Hunter, Co-Founder of Adzuna, said Because we list nearly every UK job ad in our search engine, were able to see how the employment market is changing on a daily basis. Jobseekers can use this information to help them target their job search in the locations in demand and acquire the skills employers are looking for. Policymakers should also take note of where the jobs are being created, and make sure that people are being trained in the right skills in the right locations.The top jobs in demand across the UK are engineering, IT, sales and marketing, and the need for computer experts and engineers means that salaries for these roles are often over 20 above the national average.
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Grayling calls on employers to favour young Brits
Posted on: 21/02/12
Employment minister Chris Grayling has said that recruiters should give preference to young British people over immigrants. Speaking to Sky News, Mr Grayling commented on how he perceived young people to be struggling to get hired, as older, more qualified workers from elsewhere in the EU were beating them to posts.He said They come out of school or college, they dont have previous experience, they may be up against someone who has come to the UK from Eastern Europe, who is five or six years older, who has got work experience already and are quite an attractive recruitment option for the employer.It is my hope that every employer in the UK, in deciding if they are going to recruit in the next few months, will put young UK unemployed people at the top of their priority list. Despite Mr Graylings comments, EU employment legislation states it is illegal for British employers to discriminate against candidates from elsewhere in the EU.
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Care Home developers set to create 300 jobs
Posted on: 21/02/12
Two former care home developers have launched their own company, in a move which will create over 300 jobs across the UK. NorthStar has been set up by Ian Homes and Danny Sharpe, who have established a strong reputation within the care home industry for their innovative approach to developing and project managing care homes. The pair have already secured contracts with a number of care providers, and are now looking to expand their reach further across the UK. One of their most recent developments, a care home in Newmaket, Kentford Manor has also been chosen as one of three finalists in the Best Larger Home for the Elderly Care category at this years national Pinders Healthcare Design Awards. Commenting on the developments, Ian Homes said The NorthStar supply chain of architects, lawyers and other construction professionals have worked hand in hand for many years and offer a comprehensive service comprising of the best consultants in the healthcare sector, all under NorthStars lead.This is a particularly exciting time for us at NorthStar as we branch out independently.To be shortlisted for such a prestigious award as we start our journey is a welcome boost to morale and serves to strengthen our already impressive portfolio of award winning care homes which we have developed.The firm have also nominated Alzheimers Research UK as their designated charity, and recently presented them with a cheque at Kentford Manor. Jodie Vaughn, community fundraising officer with the charity was on hand to recieve the money.She said Support from companies like NorthStar plays a key part in helping Alzheimers Research UK progress its pioneering dementia research. This donation of £500 will pay for hours of research and vital equipment for our scientists, bringing us closer to finding ways to diagnose, prevent, treat and cure dementia.NorthStar offer an integrated service of planning care home developments from finding sites tohanding over a fully-furnished and equipped, CQC-compliant building to the care home operator.Ian added As our aging population continues to grow, it is increasingly important to deliver well-designed residential care with specialist services. With a combined 50 of years in the industry under our belts we develop care homes which enable residents to flourish and which are equipped with state-of-the-art equipment, particularly for those suffering from dementia.
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Care Home developers set to create 300 jobs
Posted on: 21/02/12
Two former care home developers have launched their own company, in a move which will create over 300 jobs across the UK. NorthStar has been set up by Ian Homes and Danny Sharpe, who have established a strong reputation within the care home industry for their innovative approach to developing and project managing care homes. The pair have already secured contracts with a number of care providers, and are now looking to expand their reach further across the UK. One of their most recent developments, a care home in Newmaket, Kentford Manor has also been chosen as one of three finalists in the Best Larger Home for the Elderly Care category at this years national Pinders Healthcare Design Awards. Commenting on the developments, Ian Homes said The NorthStar supply chain of architects, lawyers and other construction professionals have worked hand in hand for many years and offer a comprehensive service comprising of the best consultants in the healthcare sector, all under NorthStars lead.This is a particularly exciting time for us at NorthStar as we branch out independently.To be shortlisted for such a prestigious award as we start our journey is a welcome boost to morale and serves to strengthen our already impressive portfolio of award winning care homes which we have developed.The firm have also nominated Alzheimers Research UK as their designated charity, and recently presented them with a cheque at Kentford Manor. Jodie Vaughn, community fundraising officer with the charity was on hand to recieve the money.She said Support from companies like NorthStar plays a key part in helping Alzheimers Research UK progress its pioneering dementia research. This donation of £500 will pay for hours of research and vital equipment for our scientists, bringing us closer to finding ways to diagnose, prevent, treat and cure dementia.NorthStar offer an integrated service of planning care home developments from finding sites tohanding over a fully-furnished and equipped, CQC-compliant building to the care home operator.Ian added As our aging population continues to grow, it is increasingly important to deliver well-designed residential care with specialist services. With a combined 50 of years in the industry under our belts we develop care homes which enable residents to flourish and which are equipped with state-of-the-art equipment, particularly for those suffering from dementia.
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Markets rise on Greek bailout hopes
Posted on: 20/02/12
Equity investors welcomed a buoyant start to the week on what had been built up to be a make or break day for Greece and potentially the eurozone as we know it. Immediate uplift was provided by mining stocks after the Peoples Bank of China cut its banking reserve requirements over the weekend in an effort to spur growth in its slowing economy. The measures have been implemented to increase bank lending at a time when a housing market is slowing and the eurozone debt crisis is weighing on the countrys exports.
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Government all talk on John Lewis economy
Posted on: 20/02/12
The prospect of a John Lewis economy is being hampered a lack of access to finance for start-up and early expansion business, suggests the Chair of John Lewis.Speaking at a recent panel discussion organised by IPPR, chair Charlie Mayfield made the comments as he also pointed out that the much-citied German Mittelstand system was based on a strong long-term relationship between the German banking systems and the small business sector.He called for the government to push British bands to look at alternative financing routes for a wide range of companies. Mayfield said German banks have for a long time tended to lend against a business plan rather than against assets. Our system makes it much more difficult for smaller businesses, without established assets, to borrow money This is a challenge if we want in the UK to have a great pluralism in ownership of businesses.He also noted that many lawyers and accountants had little knowledge of employee-owned business, and consequently it was difficult to seek advice on setting up such an operation.Contrary to Nick Cleggs recent enthusiasm over the John Lewis economy it was suggested that negative attitudes towards cooperatives in government, was an obstacle. Will Davies, academic director of the Centre for Mutual and Employee-Owned Business, also pointed out that business schools teach students that the purpose of a company is to maximise returns to its owners.He called for government to do more towards breaking the rigid orthodoxy about what companies are. Mr Mayfield proposed that an equivalent incentive to capital gains tax relief is needed to encourage cooperative entrepreneurs, and long-term value creation.
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PEA awards to celebrate individuals with green agenda
Posted on: 20/02/12
The People and Environment Achievement PEA Awards 2012 will celebrate businesses that have contributed most the green agenda. Sponsored by The Co-op, the awards will recognise everything from raising awareness, responsible travelling and proving ethical best practice, through to creating technologies, designing products and services and developing specific campaigns.12 categories will be spread across industry sectors, to allow industry-specific standards and current practices to be taken into account during judging.A panel of judges, will be chaired by sustainability adviser and one of the UKs best known environmentalists, Tony Juniper, and will include head of sustainability at PwC Leo Johnson, Jo Wood, co-founder of Green Blackss Josephine Fairley, founder of green traveller, Richmond Hammond, director of National Geographic and founder of the PEA Awards, Jarvis Smith. Nominations can be made across multiple categories, and the awards are free to enter, with the deadline for submissions falling on midnight February 24.
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Successful advertising for Select Livings retirement village
Posted on: 20/02/12
On 5th February 2012 Eslington Mews and Springfield House, the brand new retirement village and care home from Select Living by Helen McArdle at Low Fell, opened their doors for the first time.
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Teesside software firm wins £500,000 investment
Posted on: 20/02/12
A Teesside-based software provider specialising in services to the gas and oil sector is set to expand rapidly thanks to a £500,000 investment from the Finance for Business North East Technology Fund.Datum 360 was formed in 2009, but has quickly established itself as an expert in specialist engineering informatics, working on analysing and resolving issues around managing complex engineering formation on large capital projects and assets.Thanks to the investment, which is being managed by the IP Group plc, Datum 360 will now be able to release a cloud-based Saas offering, which will introduce new capabilities in to the industry.Steven Wilson, managing director of Datum 360 believes that the time is now right to accelerate the growth of the business.He commented The business was set up to address gaps in the traditional information management practices that we saw in many projects. We knew there was a market for Datum360 for that reason and chose to be based on Teesside because of the strength of industry and the skilled workers that are here and as we grow, we hope to be able to capitalise on that.The investment comes at an important time for us in our growth, and will enable us to developour consulting services and software we are creating a concept that will give new capability to the industry.Datum 360 has worked with a number of blue chip clients on projects around the world including ConocoPhilips and BP.Nick Edgar, Investment Manager at IP Group plc in Newcastle, said Datum 360 is a business which has built on the experience of its founders to devise much-needed solutions to challenges in the offshore IT sector. We are pleased to be able to support it at an important stage in its growth.
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£4m project to improve energy efficiency in Stockton
Posted on: 20/02/12
A new £3.9 million project to end fuel poverty in Stockton-on-Tees has been launched, in a bid to deliver energy efficiency measures to more than 400 homes in the area.GoWarm Parkfield is being run by fuel poverty specialists GoWarm in partnership with Stockton Borough Council, and will help deliver energy efficiency measures and benefits advice to three areas of Stocktons Parkfield ward.The first stages of the project involved fitting external cladding, heating, onsulation and draft proofing to more than 50 properties in Tarring Street.Karen Hindhaugh, Director of GoWarm said We are delighted to now have work underway on the GoWarm Parkfield scheme and to have been able to celebrate this landmark with residents, councilors and Government representatives who were given a tour of the site at its official launch.The new scheme will fit homes in the area with a number of energy efficient measures, all designed to help residents lower their bills and make their homes more comfortable to live in. The first stage of work is expected to be complete in the next few days, and will then be rolled out across a number of other qualifying areas. The project is expected to be finished by the end of the summer.Councillor David Rose, Stockton Councils Cabinet Member for the Environment, said Fuel poverty is a huge challenge, with rising energy prices, and the people living in the least energy-efficient homes also often suffering most from reduced household income. This scheme shows that even in tough times, councils can make a difference to peoples lives, and our partnership with GoWarm means thousands of people can look forward to living in warmer homes, leading to lower fuel bills, more disposal income and better health. We are grateful to Eggborough Power Station for backing our strategy to significantly reduce carbon emissions by targeting those areas most in need of support.The project should now cut the boroughs carbon emissions by around 110,000 tonnes, and is being funded by Eggborough Power Ltd, via the Government-backed Community Energy saving Programme which helps households in areas of low income to improve energy efficiency standards and reduce fuel bills.Endeavour Housing tenants are some of the individuals set to benefit from the scheme. Barrie Westbrook from Endeavour Housing said Endeavour is delighted to be working in partnership with Community Energy Solutions to provide tenants with warmer more efficient homes. The well-being of our tenants is our highest priority, and we hope that our work with CES will help them stay warm, whilst keeping their energy bills to a minimum.Not all homes in Parkfield will automatically qualify, but those who dont can still apply for heavily subsidies energy efficiency measures, including cavity wall and loft insulation, as well as free energy efficiency and benefits advice from GoWarms teams of experienced assessors.
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New fund opens up to SME marketplace
Posted on: 20/02/12
Palio Capital Partners have responded to demand for non-bank finance by unveiling plans to provide senior debt and mezzanine loans to SMEs.The firm is aiming its services at businesses with an enterprise value of between £10- £100 million, and the model has already been enthusiastically received by European investors and The European Investment Fund EIF. The EIF has already pledged a cornerstone investment to Palios Superflex Fund I LP, which has taken the fund a third of the way to its first close of 100 million.CEO and founder of Palio Mike Henebury is confident that the new fund will help UK SMEs to gain access to necessary finance.
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The flexible alternative to vehicle finance
Posted on: 20/02/12
With external costsincreasing faster than the eye can see, the question of how to finance a fleet of vehicles is increasingly playing on the minds of fleet managers and business owners nationwide. While vehicle finance may be an appealing alternative to buying a fleet, there is actually a more attractive option that brings with it more benefits.
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New Starts
Posted on: 20/02/12
Insolvency export Steve Ross has taken over as chairperson of the North East arm of insolvency trade body R3.Steve is director in the Corporate Recovery department of RSM Tenons Sunderland office, and will serve two years in the new post.He commented Insolvency practitioners play a crucial, but often unrecognised role in saving businesses that would otherwise cease to exist, and part of R3s work is to raise awareness of the positive impact that our profession has in terms of the economy and employment.Property consultancy, Johnson Tucker LLP has appointed a new associate partner in investment agency.Douglas Cranston joins the practice from Jones Lang LaSalle, and will work to provide investment advice to pension funds, property companies and private investors, on an array of regional commercial property assets. Partner, Andrew Tucker, said Whilst investors are under no illusion that 2012 will once again be a challenging year, the downturn also offers significant opportunities for those willing to take a more long term view. In this regard, its the ideal time for us to further develop our investment arm.Get Carter Productions have recruited former Capital Radio Group regional creative director, Kim Galvin.Managing director Paul Carter said Its no secret that Kim is widely regarded as one of the UKs top creative minds. Im so delighted I have finally managed to persuade her to join us and build on the success of Get Carter Productions.The addition of Kim brings the companys collective radio experience to well over a century. Newcastles Centre for Life have appointed a new Sales Executive, responsible for promoting Lifes conference and catering facilities.Sheila Smith previous worked at Marriot Hotels as an account manager, and comes armed with extensive knowledge of the conferencing business.Commenting on her new role, Sheila said The job at Life appealed to me because its a new challenge. I have attended functions here as a delegate and remember it being a positive experience. Now in the role I want to fully capitalize on what we have here. Marketing company Mediaworks has expanded its team with 9 new recruits in the past 90 days.
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Region awaits full force of LEPs
Posted on: 19/02/12
In October 2010, the Government set out proposals for the introduction of Local Enterprise Partnerships LEP, which were created in a bid to realise every places potential. However, their role in the economic revival of the region and the UK has come under immense criticism from business leaders and politicians alike, with many believing that they are unable to fulfill their mission statement. Furthermore, many individuals still struggle to understand exactly what these bodies will do when their structure is finalised - so are they a replacement for Regional Development Agencies, a Council spin-off or something different all togetherIn the North East there are two Local Enterprise Partnerships - Tees Valley Unlimited, and the Newcastle Gateshead Local Enterprise Partnership. The former is well established in the south of the region, and their statement of ambition promises to drive the transition to a high value, low carbon economy, and create a more diversified and inclusive economy. The latter is still relatively embryonic, but both could add real value to the region if they are correctly implementedPaul Woolston, chief executive of the Newcastle Gateshead LEP explained more about his plans to build on two of the regions strength areas, offshore and renewable engineering and electric vehicles. The early priorities we are working on are the enterprise zones around the North of the Tyne and at the Nissan site. We are also looking to extend the enterprise zone around the Blyth estuary, where we are trying to create jobs to offset the Alcan closure.While the LEP will not directly create jobs, Mr Woolston hopes to create cohesion to foster a positive growth culture within the region.Alot of support already goes on, but by pulling together with what already exists along with some support from Government, we will be able to coordinate it strategically through our partners.Indeed, this idea of coordinated working practices was echoed by Stephen Catchpole, who was keen to stress the important role LEPs will play on both a regional and a national stage.The primary task of LEPs is to understand their own local economy and drive it forward to achieve growth. He explained.However, each local economy has certain attributes which are different , but when you get beyond that into a bigger picture you have to coordinate with your neighbours, and then make a contribution to the national economy.Both individuals spoke confidently about their plans, and while they have supported businesses in the region trough a number of successful bids for Regional Growth Funding, the lack of visible evidence of action is a concern for many individuals in the region. Nonetheless, Paul Watson, Leader of Sunderland Council believes that the region should accept the new regime, despite its current invisibility.He commented This is what has been offered, so we will support and use them to benefit the region.There is going to be some confusion when a group if people get together, but I believe they have already done some fantastic work.Im confident that they will use everything in their toolbox in order to work for the area which they serve.Despite supporting the idea of cohesion Cllr Watson also noted that a degree of self-sufficiency would also be required by other interested parties, as a lack of resources would make it impossible for LEPs to do everything themselves.The LEPs are sort of the interface between Government, Local Authorities and business. They are in effect, the Governments baby.However, it is important that business and Local Authority learn to do some things for themselves.This idea, especially for small businesses who are struggling in the economic climate, is easier said than done. One Bdaily reader expressed concerns that the self help proposition offered as an alternative support mechanism is impractical and of little value. Another was concerned that the lack of momentum behind the project means businesses in the region are losing interest.James McRoy, a strategic consultant from Glass Frog Digital Marketing believes that the LEPs now need to start listening to businesses, rather than creating proscriptive solutions which could force them down the wrong path. He commented Meetings with business group representatives on an informal, consultative basis, or even having business specialists on board as an ad hoc arrangement could resolve many issues. 2012 could be the year that the presence of the LEPs is truly felt, and businesspeople across the region now wait with great anticipation to see exactly how their plans will unfold. These organisations have been presented with an opportunity to determine the economic future of the region and the UK and now need to start making an impact - sooner, rather than later.
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UK outlook improves following strong retail sales
Posted on: 17/02/12
British retail sales data was the most significant domestic news out today, given its insight intoconsumer spending which accounts for the majority of our economy. The volume of sales includingpetrol increased 0.9 from December, way ahead of the anticipated 0.4 fall. This monthly figuremeant that sales rose 2.0 over the last year, compared with expectations of a 0.4 gain, and gavesupport to the idea that the UK has had a relatively good start to the year economically.
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Quadruple birthday breakfast celebration in Salisbury
Posted on: 17/02/12
Over 40 local businesses gathered at the Salisbury Playhouse this morning for a very special birthday celebration and enjoyed a slice of cake with their cooked breakfast.
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European First for Cleardata with Kodaks i5800
Posted on: 17/02/12
UK Document Scanning Company, Cleardata is the first company in Europe to invest in Kodaks brand new i5800 production scanner. The new technology, ideal for the document scanning bureau environment, captures 420 images per minute with advanced image features. Its perfect for bulk volume scanning work such as digital mailroom, invoice scanning and insurance claims capture.
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Banks should share branches say FPB
Posted on: 17/02/12
The UKs biggest banks should consider sharing branches to solve the problem of closures, according to the Forum of Private Business FPB.The FPB has joined forces with the Campaign for Community Banking Services CCBS, and is now working to alleviate the problem of local branch closures. Since 1990, 7,555 banks - or 44 of local branches - have closed across the UK.Many small and medium businesses already report poor levels of service and difficulties even contacting their bank representatives, who are often and indifferent to their needs. Now Phil Orford, the chief executive of the FPB is calling on the Government to take action.He commented Regardless of the Project Merlin lending targets there is a serious risk that the impact of the alarming decline in local bank branches is being missed.The Government should act without delay to address the situation and pressure banks to genuinely think locally and consider branch sharing as an option. It works in elsewhere so why not in the UK Competition between banks is clearly important, but branch sharing shouldnt be seen as an anathema to it it is difficult to see how reducing local services can possibly make a business more competitive.466 urban communities across the UK are only served by one bank branch, which causes an enormous inconvenience to individuals who are not members of that bank. CCBS Director Derek French said Branches in vulnerable urban and rural communities are disappearing as the banks interpret government silence on the issue as a licence to escalate closures. A proven and cost-effective sharing model is available and action to implement is needed now before it is too late.The CCBS data shows that the number of rural dual bank communities is down to 208. At present, 238 urban communities are served by just two banks, 106 of these being within a mile of an alternative bank.While those qualifying as last bank in town are currently protected to some degree by non closure pledges, the pressure to close in dual and multi bank communities, in order to avoid being last, has increased.The FPB is now calling for bank infrastructure be be improved, as part of its Get Britain Training Campaign
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Banks should share branches say FPB
Posted on: 17/02/12
The UKs biggest banks should consider sharing branches to solve the problem of closures, according to the Forum of Private Business FPB.The FPB has joined forces with the Campaign for Community Banking Services CCBS, and is now working to alleviate the problem of local branch closures. Since 1990, 7,555 banks - or 44 of local branches - have closed across the UK.Many small and medium businesses already report poor levels of service and difficulties even contacting their bank representatives, who are often and indifferent to their needs. Now Phil Orford, the chief executive of the FPB is calling on the Government to take action.He commented Regardless of the Project Merlin lending targets there is a serious risk that the impact of the alarming decline in local bank branches is being missed.The Government should act without delay to address the situation and pressure banks to genuinely think locally and consider branch sharing as an option. It works in elsewhere so why not in the UK Competition between banks is clearly important, but branch sharing shouldnt be seen as an anathema to it it is difficult to see how reducing local services can possibly make a business more competitive.466 urban communities across the UK are only served by one bank branch, which causes an enormous inconvenience to individuals who are not members of that bank. CCBS Director Derek French said Branches in vulnerable urban and rural communities are disappearing as the banks interpret government silence on the issue as a licence to escalate closures. A proven and cost-effective sharing model is available and action to implement is needed now before it is too late.The CCBS data shows that the number of rural dual bank communities is down to 208. At present, 238 urban communities are served by just two banks, 106 of these being within a mile of an alternative bank.While those qualifying as last bank in town are currently protected to some degree by non closure pledges, the pressure to close in dual and multi bank communities, in order to avoid being last, has increased.The FPB is now calling for bank infrastructure be be improved, as part of its Get Britain Training Campaign
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Retail sales rise by 0.9
Posted on: 17/02/12
UK retail sales rose by an unexpected 0.9, higher than many economists had predicted.Following on from strong retail growth in December, this figure represents an excellent start to the year, with non-store and online sales acting as key performers.Commenting on the figures, Richard Driver, currency analyst for Caxton FX said There was a minor clue from the improved UK consumer confidence figure earlier in the week, however, high street sentiment remains at historically very low levels and nobody saw this coming. Some fairly sharp recent declines in UK inflation will have played a part but wage growth has been poor and household incomes remain tightly squeezed so this is a genuine upside surprise.Nonetheless, the near-term outlook for the UK economy is downbeat, and huge certainties still remain. Wage growth continues to be sluggish, unemployment is rising and many households are heavily in debt, indicating that challenges are not over yet for retailers.
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Technology firm receive Microsofts gold rating
Posted on: 17/02/12
North East technology company TSG has become one of Microsofts gold level partners, following rigorous testing.The Gosforth based firm is now among only 1 of Microsofts 650,000 partners worldwide to have earned the status.To earn a gold competency, organisations must prove their level of technology expertise, have the right number of Microsoft certified professionals, submit customer references and demonstrate their commitment to customer satisfaction in an annual survey.TSG achieved gold level across server platforms, enterprise resource planning and portals and collaboration competencies. David Stonehouse, TSG CEO, said As the highest level of accreditation Microsoftoffers its partners we are extremely proud of these achievements, especially as its areflection of the hugely talented team here at TSG. Our people really are our strength and I cant praise them enough.The company also secured silver status across a further four competencies, helping to cement their reputation with customers across the region. Mark Joynson, managing director of TSG in the North East commented He explained This was a very challenging process in which we put significant investment. Microsoft raised the bar last year by introducing their new competencies strategy, allowing for some differentiation within the Partner Network.With only a small number within the network achieving gold we feel justified in shouting from the rooftops. We make it our business to stay ahead of the game and we pride ourselves on having genuinely in-depth knowledge on all products that will make a difference to our customers and their evolving needs in todays dynamic business environment.Clare Barclay, partner strategy and programmes director at Microsoft UK, added The Microsoft Partner Network is designed to empower solution providers to succeed in todays business environment. By achieving the prestigious gold competency, participating companies are provided with a rich set of benefits, including training and support.We are proud to put forth a programme that provides the right resources to help acompany develop the expertise customers demand in todays competitive market and provides the community and infrastructure that can connect them to one another, lowering costs for all parties.
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Technology firm receive Microsofts gold rating
Posted on: 17/02/12
North East technology company TSG has become one of Microsofts gold level partners, following rigorous testing.The Gosforth based firm is now among only 1 of Microsofts 650,000 partners worldwide to have earned the status.To earn a gold competency, organisations must prove their level of technology expertise, have the right number of Microsoft certified professionals, submit customer references and demonstrate their commitment to customer satisfaction in an annual survey.TSG achieved gold level across server platforms, enterprise resource planning and portals and collaboration competencies. David Stonehouse, TSG CEO, said As the highest level of accreditation Microsoftoffers its partners we are extremely proud of these achievements, especially as its areflection of the hugely talented team here at TSG. Our people really are our strength and I cant praise them enough.The company also secured silver status across a further four competencies, helping to cement their reputation with customers across the region. Mark Joynson, managing director of TSG in the North East commented He explained This was a very challenging process in which we put significant investment. Microsoft raised the bar last year by introducing their new competencies strategy, allowing for some differentiation within the Partner Network.With only a small number within the network achieving gold we feel justified in shouting from the rooftops. We make it our business to stay ahead of the game and we pride ourselves on having genuinely in-depth knowledge on all products that will make a difference to our customers and their evolving needs in todays dynamic business environment.Clare Barclay, partner strategy and programmes director at Microsoft UK, added The Microsoft Partner Network is designed to empower solution providers to succeed in todays business environment. By achieving the prestigious gold competency, participating companies are provided with a rich set of benefits, including training and support.We are proud to put forth a programme that provides the right resources to help acompany develop the expertise customers demand in todays competitive market and provides the community and infrastructure that can connect them to one another, lowering costs for all parties.
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BAE Systems lower amid weak and messy numbers
Posted on: 17/02/12
Following a rather indecisive market yesterday today was marked by a more tangible risk offmentality as continued Greek worries chipped away at sentiment. It was to be noted however that,and as has been the case for the last few weeks, the volume of shares being traded was well belowits 90 day moving average suggesting many investors were sitting on the sidelines.
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Finance still available for North East SMEs
Posted on: 16/02/12
Andrew Mitchell, chief executive of North East Finance, manager of the regions Finance forBusiness programme, argues that the investment fund is offering vital access to finance for manylocal SMEs at a critical time.
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Utilitywise creates 200 Tyneside jobs
Posted on: 16/02/12
An Energy and Utilities consultancy has created almost 200 jobs in the region, after moving into new premises on Tyneside.Utilitywise will double in size when it moves into its state of the art premises in South Shields, Tyne and Wear, bringing together the firms energy services and account arms under the same roof for the first time. It is hoped that the move will allow the firm to provide a comprehensive package of energy services.Utilitywise specialises in energy auditing and Ecofit services to help businesses get the most out of their energy consumption. The firm have now created an account care team offering a top-teir brokerage service to provide clients with advice and support.The company was only established five years ago, but has grown exponentially, signing up to 70 new accounts per day. Adam Thompson, managing director of Utilitywise has attributed the firms success to the Edde energy monitoring system. The product was developed in-house, and allows businesses to identify cost savings down to individual circuits, and on average reduces energy consumption by 27.Mr Thompson commented Energy costs are one of the major pressures businesses of all shapes and sizes face. While securing the best rate is important, the biggest savings in energy costs come from reducing consumption and that is where we are able to support businesses, which is good news for them and for the environment. Having moved into the new premises were now able to offer our clients the complete package of savings under one roof.
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Enterprise Finance Guarantee welcomes new lenders
Posted on: 16/02/12
New lenders have signed up to a scheme which offers loans to small businesses under the Enterprise Finance Guarantee scheme.Metro Bank, Hull Business Development Fund, Black Country Reinvestment Society and MSIF have all been named as accredited lenders by the Government, and will now have licence to give SMEs with a poor credit history funding for their business. Business and Enterprise Minister Mark Prisk said If businesses are to start, thrive and grow they must have access to the finance they need, and the Enterprise Finance Guarantee gives more firms the chance to get vital funding. These four new lenders will help widen access to this successful scheme even further.Over the next four years to April 2012, the Government has committed to guaranteeing £2 billion of loans for small businesses. A new round of accreditation is now set to open in 1 March 2012, and lends are being invited to apply for accreditation to apply for Enterprise Finance Guarantee loans.Mr Prisk added The scheme has already supported more than 16,000 businesses and we can support many more.The Enterprise Finance Guarantee is available to businesses with a turnover of up to £41 million, and who is seeking up to 31 million worth of loans.
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Charity trekkers dine in style before climb
Posted on: 16/02/12
15 trekkers all bidding to reach the summit of Mount Kilimanjaro on behalf of a childrens autism charity have enjoyed a final banquet before putting on their walking boots.
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Why a Regional Industrial Policy is Vital
Posted on: 15/02/12
The National Endowment for Science, Technology and the Arts or Nesta, published research in 2009 which concluded that, a small number of high-growth businesses are responsible for the lions share of job creation and prosperity. This conclusion is not radical and confirms the common wisdom as evidenced in the USA that new growth companies, Facebook, Apple, Microsoft being good examples drive job creation and growth when compared with industrial companies like GM. However, perhaps the Nesta conclusion has lain dormant for too long and should be re-visited.
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Autodesk Alias helps Volvos vision of luxury
Posted on: 15/02/12
a hrefhttpwww.volvocars.comVolvoa Car Corporation Volvo one of the global car industrys strongest brands, has revealed that a hrefhttpwww.autodesk.co.ukAutodesk design and visualisation softwarea was key to the successful design of its a hrefhttpswww.media.volvocars.comglobalenhanceden-gbMediaPreview.aspxmediaid39888Concept Youa car.The fully-functional concept model was unveiled to great critical acclaim at the Frankfurt Motor Show last autumn.
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Autodesk Alias helps Volvos vision of luxury
Posted on: 15/02/12
a hrefhttpwww.volvocars.comVolvoa Car Corporation Volvo one of the global car industrys strongest brands, has revealed that a hrefhttpwww.autodesk.co.ukAutodesk design and visualisation softwarea was key to the successful design of its a hrefhttpswww.media.volvocars.comglobalenhanceden-gbMediaPreview.aspxmediaid39888Concept Youa car.The fully-functional concept model was unveiled to great critical acclaim at the Frankfurt Motor Show last autumn.
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North East tourism bodies secure future of branding
Posted on: 15/02/12
North East regional tourism bodies have teamed up to secure the branding for the regions popular Passionate People Passionate Places campaign. Under the Northern Tourism Alliance banner, NewcastleGateshead Initiative on behalf of other cultural bodies has purchased the intellectual property assets from One North East.The successful bid has secured the Passionate People logo and branding, the domain name, and the North East England logo for £2,500. Sarah Stewart, chief executive at destination management and marketing agency NewcastleGateshead Initiative said Since the loss of regional tourism structures and funding through One North East, we have been working closely with colleagues across the region to collaborate and co-ordinate when and where it makes most sense. As the Northern Tourism Alliance we made the combined decision to purchase the Passionate People Passionate Places assets. Following One North Easts closure, none of our organisations have the region wide remit, or significant tourism marketing budgets of One North East, but will work together to ensure that the brand can be developed in future if and when resources allow. In the meantime, were pleased that it has been retained on behalf of the tourism sector in North East England.The Tourism Alliance was established early in 2011 in a bid to maintain regional co-ordination and develop growth of the visitor economy through working with local, national and private sector partners.Geoff Hodgson, chair of the Northern Tourism Alliance added All of the organisations concerned continue to work towards raising the profile of their respective areas of North East England in order to attract visitors and deliver economic benefits. We all, therefore, have a vested interest in assets such as the Passionate People brand. Our combined purchase demonstrates a joined-up approach and a willingness to genuinely work in partnership in the best interests of the tourism sector.Latest tourism statistics indicate the region attracts 8.6 million overnight visitors per year, and 73 million day visitors.This is estimated to contribute £3.9bn to the regional economy, supporting more than 10,000 businesses that employ 50,000 directly.
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Sunderland Plastic Bag Riddle Confounds Environmental Experts
Posted on: 15/02/12
A wave of plastic bag crime along Sunderland beaches has sparked an investigation from the Environment Agencys Waste Crime Unit. Officers are appealing for information from Sunderland residents and businesses that may lead to a resolution of the problem.
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Sunderland Plastic Bag Riddle Confounds Environmental Experts
Posted on: 15/02/12
A wave of plastic bag crime along Sunderland beaches has sparked an investigation from the Environment Agencys Waste Crime Unit. Officers are appealing for information from Sunderland residents and businesses that may lead to a resolution of the problem.
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Stoke-on-Trent recognised as top European city for growth
Posted on: 15/02/12
Stoke-on-Trent has been recognised as one of Europes most promising places for inward investment, economic growth and business expansion.The city was picked as one of the top 10 in the European Cities of the Future Awards for Micro Cities.The awards recognises cities with a population of less than 250,000, and Stoke was picked for its strong transport links and business connections across Europe.Stoke is home to a number of business headquarters including Michelin, FedEx UK and Phones 4U.Stoke-on-Trent City Council cabinet member for economic development, Cllr Mark Meredith, said This is fantastic news for the city as it recognises Stoke-on-Trent is punching above its weight not only in the country but Europe despite its relatively small population. As part of the city councils Mandate for Change we are committed to bringing investment and opportunities to the city and this award recognises the fact that our city is definitely open for business.Stoke is under-going a £1.5bn regeneration project, with major retail and office led developments in the city centre.Cllr Meredith added Stoke-on-Trent has long been known as the World Capital of Ceramics with major brands such as Dudson and Steelite based here in the city. However, the city is also growing its business base in key sectors such as advanced manufacturing and environmental technologies with the city encouraging links with leading businesses such as Siemens. It is an interesting time for the city and the city council, along with its partners, are committed to creating a red carpet approach which supports investment and shows Stoke-on-Trent is open for business.The Foreign Direct Investment magazine organises the awards, and look at criteria from cost effectiveness of office space, number of graduates and universities, through to population growth and spend on research and development. Other cities recognised include Basel and Genk in Belgium, and Reykjavik in Iceland.Business leaders in Stoke, including Duncan Mathieson, managing director of Realis, have welcomed news of the award.Mr Mathieson said I have long been convinced of the potential of Stoke-on-Trent. All the fundamentals are right and I believe it is on the brink of real economic renaissance. As a result, we have remained firmly committed to our scheme at a time when many other retail-led regeneration projects have fallen by the wayside. It is great to see the city gain the recognition it deserves.
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PwC invest in social entrepreneur mentors
Posted on: 15/02/12
Price Waterhouse Coopers have expanded their national network of social entrepreneur mentors.The firm will offer five bursaries for a 12 week business skills programme, as well as 20 business mentors, through the School of Social Entrepreneurs network in Liverpool and Wigan. Two of the students will be aged between 16-25, and will be supported through a dedicated young social entrepreneur programme.Recent research from PwC shows that a wave of social enterprise could capitalise on consumer appetite for local business to scale up social enterprise across the UK.2000 consumers were surveyed, and the majority thought businesses with a social purpose could be more effective in supporting their local economy than government. This was particularly prevalent in the North West, where 58 of respondents believed this to be the case.Stephanie Hyde, PwC head of regions, said the spirit and drive of social entrepreneurs needed to be matched with hardnosed business experience from the private and public sectors. She said Mentoring social entrepreneurs locally can help speed up the development of the sector nationwide. Our mentors are experienced, pragmatic people who know how to create viable businesses. Its a fantastic opportunity to put their skills to the test in a vibrant and fast developing regional economy.The expansion will also encompass support for pioneering social impact measurement, helping social entrepreneurs measure and report on their businesses contribution to local communities and economies.Jacquie Johnston-Lynch, owner of the Brink, a non-alcoholic bar with support centre for alcohol addiction, trained at the School of Social Entrepreneurs.She said PwCs encouragement to me personally when I was going through the School of Social Entrepreneurs was very inspiring.PwCs Stephanie went on to add that social enterprises need a rigorous approach to creating a viable business plan, with the capacity to deliver profit.
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Synergy Solar expands across North East
Posted on: 15/02/12
A North East renewable energy firm in expanding its reach across the region with the hope of growing into a £1 million a year enterprise in the next two years. Synergy Solar already has already opened four franchises in Durham, Sunderland, Birmingham and Reading, and is now planning to open a fifth in Newcastle. The firm also has plans to open a further seven new branches by the end of 2012. Director Mashud Choudhury said We wanted to expand the business with like-minded individuals who were also passionate about renewable energy. There are a lot of people looking to enter the renewable market and our comprehensive model enables them to do this.The company also has plans to extend its services to other areas of renewable energy technologies, including solar thermal, biomass, air and ground source heat pumps, wind turbines and rainwater recovery.Managing director Steve Gaylor added The opening of the new franchise is another great step towards our long-term aim of operating in 40 territories throughout the UK and it also provides us with further evidence that our business sector and model is robust.The newest franchise will be led by Lawrence Winslip, and will initially employ six people. It is anticipated that more jobs will be created as the business scales up over the coming months and years.Mr Winslip is highly experienced in this area, having worked for almost 25 years in power generation and electrical construction, and a stint working on wind turbine projects. As well as supplying products for domestic projects, Synergy Solar is also looking to increase its presence in the commercial sector, having recently completed work for Sunderland Marina.
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Unemployment levels hit 2.67 million
Posted on: 15/02/12
Unemployment across the UK has risen to 2.67 million in the three months to December, according to the Office of National Statistics.This figure represents a rise of 48,000 during the last quarter of 2011, increasing the unemployment rate to 8.4. This is the highest rate since 1995.Scott Liversidge, managing partner at Flame Health, believes that desite the high unemployment figures opportunities are opening up in a number of sectors.He commented Research has shown that the number of permanent job placements has risen for the first time in four months which is encouraging. Unemployment, as we see from the figures today, still remains far too high in the UK however, there are still sectors creating jobs, including health care, clerical, IT and engineering construction.Mr Liversidge believes that the onus now lies with individuals, to make themselves stand out in any way they can.Nothing is going to change overnight in terms of unemployment but these figures will surely push the government to look at ways to incentivise the private sector into creating more jobs. He added.
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Pubs and restaurants experience slow start 2012
Posted on: 14/02/12
The UKs pub and restaurant groups saw collective like-for-like sales fall in January, compared with the same month last year. The Coffer Peach Business Tracker collected performance data from 23 major pub and restaurant groups, revealing a fall of 2.1.In contrast, collective like-for-like sales were up 9.9 in December on the same period last year.Peter Martin of Peach Factory, who produce the Tracker in partnership with KPMG, UBS and the Coffer Group, commented the bumper December will make up for the lacklustre results.He said Restaurant and pub operators are generally optimistic about prospects for their businesses this year. Despite all the economic difficulties of the past two years, the market has shown real resilience, with the public still willing to go out to eat and drink. Sales figures have been positive for the majority of that time. Also, sales in January last year benefited from a bounce-back in spending after a poor, snow-hit December, when many people stayed home. As ever, the weather, and in particular snow, is a major influence on trading, as we have already seen in the first week of this February.Participants in the study included the likes of Whitbread, who operate Beefeater, Brewers Fayre and Table Table outlets, and Gondola, who operate Pizza Express, Zizzi, Ask and Byron.Chris Stott, KPMGs North East food and drink sector specialist Transaction Services partner, said The January figures reveal a relatively slow start to 2012 and the likely impact of the current cold weather means February will probably not look very different. Trading conditions remain tough and they are likely to be with us for a while. However, given the tough economic environment, low consumer confidence and the continuing squeeze on disposable incomes, the growth that has been achieved over the past 18 months is remarkable and shows just how resilient the UKs eating and drinking out market is. Jonathan Leinster, Head of UBS European Leisure Research, added that the concerns over UK consumer spending were nothing new, and would likely linger.He said Nevertheless, the operational performance of most pub groups has been relatively solid of late, with two-year growth last negative in May 2011. Despite rising unemployment, consumers are still happy to allocate discretionary spend to eating and drinking out. The latest UBS UK household cash flow published in November indicates that cashflow pre-savings should rise 1.6 in the current year, a significant improvement on 2011. We maintain buy ratings on JD Wetherspoon, Marstons and Greene King.
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Pubs and restaurants experience slow start to 2012
Posted on: 14/02/12
The UKs pub and restaurant groups saw collective like-for-like sales fall in January, compared with the same month last year. The Coffer Peach Business Tracker collected performance data from 23 major pub and restaurant groups, revealing a fall of 2.1.In contrast, collective like-for-like sales were up 9.9 in December on the same period last year.Peter Martin of Peach Factory, who produce the Tracker in partnership with KPMG, UBS and the Coffer Group, commented the bumper December will make up for the lacklustre results.He said Restaurant and pub operators are generally optimistic about prospects for their businesses this year. Despite all the economic difficulties of the past two years, the market has shown real resilience, with the public still willing to go out to eat and drink. Sales figures have been positive for the majority of that time. Also, sales in January last year benefited from a bounce-back in spending after a poor, snow-hit December, when many people stayed home. As ever, the weather, and in particular snow, is a major influence on trading, as we have already seen in the first week of this February.Participants in the study included the likes of Whitbread, who operate Beefeater, Brewers Fayre and Table Table outlets, and Gondola, who operate Pizza Express, Zizzi, Ask and Byron.Chris Stott, KPMGs North East food and drink sector specialist Transaction Services partner, said The January figures reveal a relatively slow start to 2012 and the likely impact of the current cold weather means February will probably not look very different. Trading conditions remain tough and they are likely to be with us for a while. However, given the tough economic environment, low consumer confidence and the continuing squeeze on disposable incomes, the growth that has been achieved over the past 18 months is remarkable and shows just how resilient the UKs eating and drinking out market is. Jonathan Leinster, Head of UBS European Leisure Research, added that the concerns over UK consumer spending were nothing new, and would likely linger.He said Nevertheless, the operational performance of most pub groups has been relatively solid of late, with two-year growth last negative in May 2011. Despite rising unemployment, consumers are still happy to allocate discretionary spend to eating and drinking out. The latest UBS UK household cash flow published in November indicates that cashflow pre-savings should rise 1.6 in the current year, a significant improvement on 2011. We maintain buy ratings on JD Wetherspoon, Marstons and Greene King.
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Pubs and restaurants experience slow start to 2012
Posted on: 14/02/12
The UKs pub and restaurant groups saw collective like-for-like sales fall in January, compared with the same month last year. The Coffer Peach Business Tracker collected performance data from 23 major pub and restaurant groups, revealing a fall of 2.1.In contrast, collective like-for-like sales were up 9.9 in December on the same period last year.Peter Martin of Peach Factory, who produce the Tracker in partnership with KPMG, UBS and the Coffer Group, commented the bumper December will make up for the lacklustre results.He said Restaurant and pub operators are generally optimistic about prospects for their businesses this year. Despite all the economic difficulties of the past two years, the market has shown real resilience, with the public still willing to go out to eat and drink. Sales figures have been positive for the majority of that time. Also, sales in January last year benefited from a bounce-back in spending after a poor, snow-hit December, when many people stayed home. As ever, the weather, and in particular snow, is a major influence on trading, as we have already seen in the first week of this February.Participants in the study included the likes of Whitbread, who operate Beefeater, Brewers Fayre and Table Table outlets, and Gondola, who operate Pizza Express, Zizzi, Ask and Byron.Chris Stott, KPMGs North East food and drink sector specialist Transaction Services partner, said The January figures reveal a relatively slow start to 2012 and the likely impact of the current cold weather means February will probably not look very different. Trading conditions remain tough and they are likely to be with us for a while. However, given the tough economic environment, low consumer confidence and the continuing squeeze on disposable incomes, the growth that has been achieved over the past 18 months is remarkable and shows just how resilient the UKs eating and drinking out market is. Jonathan Leinster, Head of UBS European Leisure Research, added that the concerns over UK consumer spending were nothing new, and would likely linger.He said Nevertheless, the operational performance of most pub groups has been relatively solid of late, with two-year growth last negative in May 2011. Despite rising unemployment, consumers are still happy to allocate discretionary spend to eating and drinking out. The latest UBS UK household cash flow published in November indicates that cashflow pre-savings should rise 1.6 in the current year, a significant improvement on 2011. We maintain buy ratings on JD Wetherspoon, Marstons and Greene King.
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Harrogate Ladies College fosters future entrepreneurs
Posted on: 14/02/12
Following the Prime Ministers calls for women to be better represented in the board room, Harrogate Ladies College is celebrating the first successful year of its Business School.The Business School has become a hub for budding entrepreneurs, introducing young women to the skills needed to develop their inspired ideas.Since opening in 2010, the centre has offered expert teaching in business courses ranging across Accountancy, Business Studies, Economics and Psychology.HLC Business School Director, Judith Grazier, said The aim of the Business School is to introduce academic business subjects and promote entrepreneurial initiatives to Sixth Formers. Enterprising activity flourishes throughout the entire School, with girls as young as year seven growing in confidence when experiencing enterprising opportunities. For me, implementing a hands-on appreciation of business is one of the Business Schools biggest achievements.Through initiatives such as the Leeds Enterprise Advisory Programme LEAP and team challenges, the girls are given the opportunity to run their own businesses.A number of established entrepreneurs from the economic region, including Deirdre Bounds, have also visited the School to impart their knowledge. Deirdre, who started her own successful travel company, commented HLC is uniquely positioned to take advantage of the global economy because of its international connections. The Business School shows foresight, acumen and knowledge.
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Why settle a Commercial Dispute
Posted on: 14/02/12
There are a number of factors your business should consider if you are thinking of settling a commercial dispute.
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Graduate launches innovative market intelligence tool
Posted on: 14/02/12
A Northumbria University Graduate has launched an innovative new online service to provide businesses with up to date market intelligence.James Mishreki decided to set up Computer Monitor to allow companies to track the price of their product in comparison with others on the market, and helps to automate the process of price checking. Once the software is set up it monitors products daily, automatically reporting back to allow companies to see how their products are being priced.He said The launch of my own business is naturally very exciting and I am thrilled our product is now on the market for firms to benefit from.We have several clients using our software and most have already experienced a direct increase in sales or margin.The product has already come to the attention of AstonParts.com, part of the Aston Martin Restoration Company, who are reaping the benefits of James design.Dean Newsome, head of marketing at Aston Parts commented In a very short space of time, weve already gained a great deal out of this excellent online tool. Not only does it automate our price checking, which frees-up our web team to spend more time on running the business, but it also provides a great daily snapshot of how our products are priced and positioned in the marketplace.James believes that the product will help businesses to become more proactive in protecting their brand, being more competitive and finding market opportunities.He added Due to this direct return the product delivers to businesses, we have already had significant interest from several blue-chip companies keen to trial the software to help them get a better idea of their market positioning without the hassle of time-consuming manual checking. This initial launch is very much the start of our offering to businesses as we have several other product development additions in the pipeline that will allow companies to closely monitor competitor brands online and provide vital business intelligence in a quick, hassle-free, cost-effective manner.
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North East marketing campaigns in national awards
Posted on: 14/02/12
Two North East companies have been shortlisted for the Marketing Excellence Awards 2011, held by The Chartered Institute of Marketing.Marketing campaigns from both Sage UK Ltd and Newcastle Building Society have been recognised by the prestigious awards.Thre Big Little Saver campaign from Newcastle Building Society ran for three months in the early summer of last year, and aimed to increase awareness of the importance of adopting saving habits from an early age.Natalie Falkous, Group Corporate Communications Manager, said The campaign was a big success on all levels.We didnt have an advertising budget so we had to ensure we added value to the campaign every step of the way.We adopted a personal approach and send creative personalised letters to the young savers once the account was opened, which was accompanied by a special savings storybook.The campaign also involved the building society holding financial education lessons in North East schools, where children were taught about the history of money, budgeting, earning money and savings. Over 170 entries have been made for the Awards, which are now in their third successful year, and sponsored by The Marketing Trust.18 finalists, selected by industry professionals, will also compete for Marketer of The Year, and Marketing Team of The Year.Sam Meredith, chairman of the North East Branch of the Chartered Institute of Marketing said The level of entry this year has been unprecedented and the judges were impressed with theexceptional creativity, resourcefulness and sophistication of the work submitted, particularly in this tough economic climate. The Institutes awards are the benchmark for excellence and this years finalists have again raised the bar. It is fantastic to be able to reward their brilliant performance and Id like to congratulate all the short-listed companies and obviously hope that both Sage and Newcastle Building Society go on to win their respective categories.
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Inflation falls to 3.6
Posted on: 14/02/12
Inflation levels in January fell to 3.6, down from 4.2 in December 2011.Downward pressures came predominantly from fuels lubricants, tobacco, the purchase of new vehicles and alcoholic beverages.Annual inflation has now falled by 1.2 since November, the largest fall over a period of 2 consecutive months since October and December 2008.
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New buyers beat Stamp Duty Holiday
Posted on: 14/02/12
Increasing numbers of first time buyers in the North East are looking to beat the stamp duty holiday, according to the latest RICS survey.Last month 5 more surveyors reporting an increase in newly agreed sales since the start of the year, a trend which has been attributed to the stamp duty exemption which ends of the 24th March on properties under £250,000. Michael Newey, RICS housing spokesperson, commented With first time buyers no longer exempt from stamp duty as of the end of March, it seems that some may be looking to purchase homes before the deadline and, as a result, surveyors are relatively optimistic for the coming months. However, many problems with the market still exist and the lack of affordable mortgage finance is still preventing many from getting onto the property ladder. Respondents to the survey also felt optimistic in the near term, and almost a quarter expect transaction levels to increase over the next quarter.Two thirds more surveyors reported increases rather than decreases in new homes coming onto the market, the sixth consecutive reading for new regional instructions.There has also been an increase in buyer demand, with 18 of surveyors witnessing a rise rather than a fall in new enquiries. Nonetheless, the market is still being held back by the lack of affordable mortgage finance.Richard Sayer, Rook Matthews Sayer added A better start to the New Year than in recent times with encouraging listings and sales being achieved. Milder weather may have helped but the grass roots opinions seem to be more encouraging than the relentlessly depressing media commentary. Expectations are for broadly level property prices to remain with a small increase in activity through quarter one.
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Vodafone approach for Cable Wireless Worldwide
Posted on: 13/02/12
Markets reacted well to developments in Greece over the weekend where 199 Greek politicians out of a potential 300 voted in approval of the new bailout package. It moved the country closer to securing an international bailout and hence avoiding a chaotic default, although smouldering buildings in Athens this morning were testament to public outrage at further rounds of austerity. Additionally, 43 rebellious politicians were expelled from their parties for not falling in line with the vote, concerns very prevalent that the wage and job cuts will plunge the country, already in its 5th year of recession, deeper into economic hardship.
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Vodafone approach for Cable Wireless Worldwide
Posted on: 13/02/12
Markets reacted well to developments in Greece over the weekend where 199 Greek politicians out of a potential 300 voted in approval of the new bailout package. It moved the country closer to securing an international bailout and hence avoiding a chaotic default, although smouldering buildings in Athens this morning were testament to public outrage at further rounds of austerity. Additionally, 43 rebellious politicians were expelled from their parties for not falling in line with the vote, concerns very prevalent that the wage and job cuts will plunge the country, already in its 5th year of recession, deeper into economic hardship.
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University links key to economic growth
Posted on: 13/02/12
Building links between universities, local businesses and Local Enterprise Partnerships could be the key to growing the economy, according the a new report.Over the last nine years, IPPR North has witnessed an 11-fold increase in the numbers of student start ups. The think-tank now believes that further engagement with business could help universities to diversify their income streams, whilst also contributing to economic growth, and has called on Local Enterprise Partnerships to act as facilitators for collaboration.Ed Cox, Director of IPPR North said Producing highly trained graduates is a key part of what universities do to help their local economies grow, but it is only one element of their contribution. By supporting businesses to innovate, creating new business start ups, helping businesses with research, supporting employers to train their workforce and attracting investment to an area, universities can have a major impact on their local economy.University start ups and spin outs represent a small proportion of SMEs, but have the potential to be a lucrative offer to the wider economy. The report recommends that universities should now focus on continually improving business engagement, and look for ways to market themselves more effectively to firms which have never previously considered university collaboration.Universities should also conduct their own research, evaluation the impact of student enterprise support schemes to identify the best use of funding in this area.The Local Enterprise Partnerships also have an important role to play, and should encourage collaboration between universities, to address the part they can play in the economic development of their area. It could also provide a forum within which business and university collaboration can flourish.Mr Cox continued The new Local Enterprise Partnerships have been tasked with growing the economy, and all of them have universities on their boards. They should work with businesses and universities in their area to facilitate collaborations that will grow the economy and create jobs.
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Project Merlin must now refocus, say FPB
Posted on: 13/02/12
The Forum of Private Business is calling on the banks to refocus on financing small business, after the Big Four missed their lending targets under Project Merlin.While Barclays, Lloyds HSBC and RBS achieved their overall lending figures, they missed their £76 billion SME lending target by £1.1 billion.Despite repeated promises to engage more readily with the SME community, many Forum members still experience problems with accessing finance from the banks and often find themselves seeking alternate forms to aid cash flow including credit cards and loans from friends and family.Despite the evident difficulties, the news this morning indicates that the banks now need to offer more assistance to small firms by offering better value products, simplifying lending criteria and putting more focus on building strong relationships with SMEs.Nonetheless, the Forums chief executive Phil Orford accepts that the situation is not as clear cut as it appears, as while the banks missed their lending targets for small firms, it was not by such a huge amount as anecdotal evidence suggested.He commented What perhaps muddies the water and makes the banks failure here less clear cut though is that overall demand for bank finance is down. Many companies have been simply looking to survive or consolidate over the past year rather than seeking credit to expand.He now believes that the banks now need to concentrate in rebuilding SME confidence by offering cheaper credit, more investment in regional branches and the restoration of lending powers to local bank managers.Phil continued The onus now, however, is really with the banks to get the ball rolling. They need to reach out further to business and repair the damaged relationship with firms who are essentially their core customers.And if the banks are unwilling or unable to deliver these core requirements, government should intervene more stringently to ensure that the do.Small businesses also have their part to play, and must ensure that banks can find no reason to refuse them credit.He added If businesses can demonstrate that have regular and standardised financial information regarding their accounting, which is supported with a clear business plan, then this will also boost their chances of success, as will demonstrating their ability to repay their loans.
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Rochdale council lead the way on local tendering
Posted on: 13/02/12
Rochdale Borough Council is leading the way in supporting the tendering process for local companies to win business with them.Ahead of Government measures to get councils to publish rolling medium term pipelines for their constructions and infrastructure projects, Rochdale has already been reaping the rewards.For the last three years, the authority has published potential business opportunities online, with 89 of contracts in 201011 being awarded to SMEs, exceeding the national target of 25.Over £100m of contracts have been advertised so far, ranging from the construction of offices to the purchase of Christmas trees.The council has worked with local companies via regular meet the buyer, and tender briefing sessions.Georgina Jones, head of procurement said We actively encourage contact from the business community as early as possible, with council staff attending local network events to make sure were more visible to firms.Its really having a noticeable effect in terms of enquiries coming in and attendance at the sessions we host.
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City workers show no qualms over fiddling expenses
Posted on: 13/02/12
A fifth of City workers claim they would fiddle their expenses, if they didnt get caught, a recent survey has found.The survey, conducted by Project Brokers, revealed that nearly half of workers in leading City jobs claim they would ignore expenses rules if they saw their boss being frivolous with company money.Over a fifth of respondents stated they would be tempted to submit a fraudulent expenses claim if they new they wouldnt be found out and would be even more likely to do so if they were struggling to pay bills and basic essentials at the end of the month. 20 also admitted they would exceed the budget for client entertainment, without permission, if it would increase the chances of winning new business. This thinking was most prevalent amongst respondents in the banking and financial sectors, closely followed by those in professional services. Daren Cox, CEO and Founder of Project Brokers commented This is the first time we have conducted this kind of a survey and the results are a serious cause for concern. Most notably, a third of all respondents rated fraudulent expenses claims among the least serious of offences to commit in the workplace. Whilst theft of company IP and property are undoubtedly very serious offences, it is worrying that fraudulent expenses claims are not, themselves, considered as theft. Although those under the influence of drugs or alcohol are much more likely to be caught before too much damage is done, someone who is consistently cheating on their expenses is often hard to expose and their actions can have an especially damaging effect on company culture and mind set. Expenses fraud can often be left unnoticed, sometimes up to a period of several months or even years if the organisation does not have the appropriate systems and procedures in place to identify mis-placed expenses at an early stage.A majority of respondents claimed the most serious offences to commit at work were both theft of company property and theft of company intellectual property.Drug and alcohol use were deemed to be only moderately serious and fraudulent expenses were rates as not very serious.
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Future of Tees Valley Airport secured
Posted on: 13/02/12
The future of Durham Tees Valley Airport is now safe, after its owner Peel Airports Limited concluded the sale of its majority shareholding to Peel Investments DTVA Limited, a wholly owned subsidiary of the Peel Group. The Vantage Airport Group own 65 of Peel Airports, while The Peel Group own the remaining 35. Peel Investments will now be the majority shareholder in the airport, with the minority continuing to be owned by six local authorities.Craig Richmond, Chief Executive Officer, Peel Airports Limited commented, Since announcing in December 2011 that we were seeking a buyer for our shareholding in the airport, we appreciate this has been a period of uncertainty for the staff, our airline customers, passengers and for the region as a whole. I am therefore pleased that we have been able to conclude this sale process, with our partners the Peel Group purchasing our shareholding and continuing to maintain the airports operational activities.Peel Airports Limited has been asked by the Peel Group to act in an advisory role to assist with the day to day operations at the Airport. This change of ownership will mean it will be business as usual for airport employees, airlines and passengers using Durham Tees Valley Airport.Peter Nears, Strategic Planning Director for the Peel Group commented, We have seen significant interest and support for the airport from across the region during this difficult period and are looking forward to capitalising on this support and working with stakeholders in the region going forward.
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Liverpool as first to city to elect mayor
Posted on: 13/02/12
Liverpool will become the first city in the UK to hold elections for a directly elected mayor.Last weeks meeting of Liverpool City Council resulted in an overwhelming victory for the pro-mayor lobby, meaning voting will take place in May.Through the City Deals initiative, the Liverpool will receive certain devolved powers, in a bid to help the city attract private investment, address skills gaps and create new jobs.Frank McKenna, Chair of Downtown Liverpool in Business, has long campaigned for referendum.He said This result sets a real national precedent and it is great news for Liverpool as it means that we will be ahead of the game now in terms of making the most of this fantastic opportunity. It is quite clear that Liverpools business community want an elected mayor. A large scale poll we conducted last week showed that over 70 of people were strongly in favour of the decision, and Leader of Liverpool City Council, Joe Andersons somewhat controversial decision for bypassing a public referendum on the matter means we will start seeing the impact more quickly than other cities. I believe that Joe Anderson, Leader of Liverpool City Council, is the right man for the job, and will now in a position to drive the growth we need to see on the back of the £130m funding coming to us as a result of this decision. Liverpool is now in a strong position to deliver a whole raft of vital development programmes, and the additional private investment will make a huge economic difference across the region.Following Liverpool City Councils talks with ministers, the next step will be the formal notice of election and nominations, which will close on Wednesday April 4.Cities Minister, Greg Clark said It is fantastic to see Liverpool become the first city in Britain to seize the opportunity on offer. This deal will be a major boost to the standing of this great city, both within Britain and on the world stage. Liverpool has seized the chance to attract private investment, create jobs and build a prosperous future. This is, I hope, the first of many such deals with our cities.
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A question to increase your sales
Posted on: 13/02/12
How can I get more business from my existing clients. This sales query was brought up once again during a sales session at the beginning of last week.
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A question to increase your sales
Posted on: 13/02/12
How can I get more business from my existing clients. This sales query was brought up once again during a sales session at the beginning of last week.
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Nexus unveil new ticket machines
Posted on: 10/02/12
Nexus has began the roll-out of its new Metro ticket machines, with Byker becoming the first Metro station to be upgraded in Newcastle. Newcastle East MP Nick Brown and Chairman of the Tyne and Wear ITA, Cllr David Wood were on hand to unveil the new machines. Machines will be installed at stations every week, and represent the heart of a £25m project to update the ticketing system across the Metro.The new machines can accept credit and debit cards, notes and coins, and will be equipped to accept smartcard payments. It is just one part of the £385m Metro all change modernisation programme, which will see the system transformed over the next 11 years, including revamped stations and trains. Chairman of the Tyne and Wear ITA, Cllr David Wood, said The installation of the new Metro ticket machines is starting to gather momentum and Im really pleased to say that Byker is the first station in Newcastle to get them.More and more stations will get new ticket machines over the coming weeks and they will really transform the way the public use the Metro system. They accept bank notes and credit and debit card payments, making life much easier for the passengers.Touch-screen technology will allow passengers to buy weekly tickets from the machines, up to seven days in advance of using them.The new Pop card scheme will develop into a full pay as you ride option with stored cash balance on card in 2012.
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Law firm buck economic trend with valuable deals
Posted on: 10/02/12
Commercial law firm Muckle LLP have dismissed last years forecast retrenchment and downturn in the region by facilitating a healthy amount of deals.The Corporate Finance Team have recently announced deal statistics for the 2011 calendar year, which reveal mid market private equity became much more active in the region.At the same time, the firm also sat overseas businesses with strong exchange rates looking to acquire quality UK businesses where perceived value could be obtained.In 2011 Muckle completed 112 corporate transactions worth more than £420m in total, following the strategy of supporting a wide range of businesses, largely North East owner-managed businesses, but also overseas and national corporates.Muckle LLPs head of the Corporate Finance team, Robert Phillips, said Although the market is tough, business owners are actively seeking opportunities to expand and defend their markets. North east jobs are being created and secured in many of these deals. We too have expanded our team by attracting experienced lawyers to provide clients with unrivalled expertise, service and expertise.Nearly half of the deals were valued at over £500,000, reinforcing statistics released by Experians CorpFin, in which Muckle LLP was ranked top of the league table in respect of deal volume in the North East for the last three years.Among the 2011 deals was the £5m sale of Sunderland-based Onyx Research Chemicals Ltd to Indian firm Ipca Laboratories Ltd, where the team worked closely with Onyx Scientific CEO Tony Flinn and his co-shareholders.Muckle also helped Newcastle-based Moneygate Group Ltd to open a strategic gateway in London, with the acquisition of City-based Equus Independent Financial Management Ltd and advised the management team at Northumbrian Fine Food when they decided to buy-out the company.David Sillars, Managing Director of Northumbrian Fine Foods, said The deal was unlike anything we have experienced so we are grateful to everyone in the team at Muckle LLP for their advice and support. We are very impressed with the comprehensive help and service we received from them.
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More permanent jobs in January
Posted on: 10/02/12
Permanent job placements have risen for the first time in four months, new research show. The Recruitment and Employment Confederation and KPMG report on jobs, shows a rise in permanent appointments during January, while temporary contract staff billings fell slightly for the second month running.A number of panellists in the study commented on the impact of Agency Work Regulations affecting temporary appointments.Recruitment consultants reported a slower increase in vacancies over January, and data suggested that engineering and construction workers were the most sought-after, while there was declines in demand for hotel and catering staff.Kevin Green, chief executive of the Recruitment Employment Confederation, commented that the report showed glimmers of hope for the UK.He said This is the first positive indicator for some time that employers are looking to hire staff despite the ongoing weakness of the economy. It is particularly encouraging that six out of eight sectors surveyed show growth in demand, including engineering, IT and office professionals. The Report on Jobs also follows better than expected services data from the Purchasing Managers Index last Friday, which suggests that confidence is growing amongst consumers as well as businesses. Permanent staff salaries rose only marginally in January, while hourly rates of pay for temporary and contract staff increased modestly following a slight decline in December.Bernard Brown, Partner and Head of Business Services at KPMG comments Given the continued impasse surrounding the Eurozone and the knock on effect this has on business confidence, it is a welcome surprise to see a modest increase in the number of permanent job placements across the UK. Perhaps employers are beginning to accept that they need to have the right people in place to kick start the economySadly, though, the number of people hoping to fill these vacancies continues to rise and with unemployment benefit claimants up for the tenth month in succession, the competition to be the right candidate in the right place is tougher than ever. At least there are signs within some industries that things are looking up. Amongst the engineering, construction and IT sectors demand for permanent staff has increased since the turn of the year. With so much attention being paid to these sectors at the moment, close attention should be paid to see if this is a trend set to continue as the year progresses.
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Northumbria Law School Hosts Social Enterprise Event
Posted on: 10/02/12
North East businesses are being invited to listen and be inspired by amazing stories from local Social Enterprises and to learn from their experience of start-up as well as being given an opportunity to hear advice from the Student Law Office at Northumbria University Law School on the legalities of setting up a social enterprise.
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ECB and BoE announcements in line with expectations
Posted on: 10/02/12
Despite Greeks politicians failing to agree on the bailout terms imposed by its lenders last night,markets opened higher, apparently unfazed by another missed deadline. The key sticking pointin the negotiations was purportedly 300million worth of pension cuts, with the Prime Ministerexpressing hope that the leaders of the three political parties could sort out their differences by thisevening, at which point a eurozone finance ministers meeting is scheduled.
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What is the value of an apprenticeship
Posted on: 09/02/12
Earlier this week, David Cameron promised to make apprenticeships a Gold Standard option for young people entering the workplace, but what is the real value of this qualificationThe Government has ploughed £1.4 billion into improving the quality of vocational training, £250 million of which has gone directly to businesses to control skills training. Small businesses are also being offered £1,500 incentives to take on apprentices. In the North East, apprenticeship scheme uptake has risen dramatically, from 18,510 in 200910 to 34,000 in 201011. Nonetheless, there is still much speculation as to the true benefits of becoming an apprentice. Yes, in traditional industries such as engineering and manufacturing they are an integral part of the training process, but how can shorter schemes of a few months or weeks really be deemed apprenticeshipsSteve Grant, Managing Director of TTE on Teesside believes that to offer real value, apprenticeship training should have a minimum length of one year.Lots of employers want to take on individuals with hands on practical experience and the relevant theoretical knowledge, as well as the right work ethic - which isnt something which can be taught overnight. He commented. Short apprenticeships in an area like engineering just wouldnt work as many of our students come straight from school and need to be taught the realities of the workplace. Shorter courses can dilute the currency of apprenticeships, which are one of the main sources of skills needed to drive the country forward.He is now calling on the Government to increase the status of apprenticeships within society, and is encouraging other professional organisations to consider the introduction of training schemes.We have anecdotal evidence that increasing numbers of young people are considering apprenticeships as a viable career option because they dont want the debt of a university degree which doesnt always guarantee a job at the end.Many businesses rely on the Government to subsidise schemes, but the now need to move to a place where employers treat them as a cost within the business and a way of keeping up with vital skills.TTE is not the only company in the region to actively encourage apprenticeships. The NECC, along with many of the regions further education colleges actively promote a wide range of schemes and invest heavily in both time and money to get more young people into the workplace. Despite the heavy promotion of apprenticeships, what the Government have failed to address is the wider skills shortage which is so prevalent in the region.Helen Goodman MP believes that the Coalition are failing to address the problem.She said Whilst I am pleased that there has been a rise in the number of apprentices in my constituency of Bishop Auckland and the North East in general, the region still suffers from a significant skills deficit.A recent Banardos report found that the governments replacement scheme for EMA was inadequate and failed to provide young people with the financial support they require.It cannot be right for bright young people from disadvantaged backgrounds to be denied educational opportunities simply because they are poor. Financial assistance for our young people is vital to address the skills deficit.One solution to this problem could be the wider adoption of a scheme similar to the one at Sunderland College. The College has produced a survey for engineering firms to allow them to share their views on the skills and training which is relevant to the future needs of the industry.Ken Hern, curriculum lead for engineering and science at Sunderland College said We are really looking to find out what the local community and employers really want.Semta will communicate what they are hearing from employers, as to what skills they need. But theres some who dont get heard, and we really want to get their opinions.There are skills that are perceived to be in demand, but we want to know whos out there, and what do you need.While this is currently aimed at engineering firms, it is the type of scheme which could be expanded into a wide range of business sectors, and could be of real benefit to school leavers and job seekers. The North East unemployment figures are higher than any other part of the country, and by filling the skills gaps in the region, it could be of real benefit to the regional - and wider economy. It is encouraging that the Government is promoting apprenticeships as a truly viable career option, but there is much more to be done to create real and sustainable jobs in the region.
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Whats on this weekend February 10-12
Posted on: 09/02/12
This weeks top pickThe Big Win - A Morality Tale. Saturday 10am-5pm Sunday 2pm-5pm. Free admission.A newly commissioned contemporary intervention from Barnaby Barford. The exhibition explores a contemporary morality tale, presenting seven sculptures that examine our insatiable appetite for celebrity culture and living beyond our means. It tells the story of a layabout, who aspires to a celebrity lifestyle as he wins the lottery. The theme is loosely based on the narrative of A Rakes Progress by 18th century artist Williams Hogarth. Barnaby has left the space with room for visitors to determine the end of the story. Later in the year he will choose his favourite closing chapter, and complete the scene.MusicThe Cornshed Sisters and Annie Dressner - Independent, Sunderland. Saturday February 11, 8pm. Tickets £3.Guitar pop, folk, protest song, country and gospel The Cornshed Sisters are certainly an eclectic proposition, and are renowned for their beautiful acapella harmonies in North East accents. Annie Dressner recently relocated from New York, bringing her fragile songwriting with conversationally awkward lyrics. CinemaCoriolanus - Stockton Arc. Saturday February 11, 8pm. Tickets £6 £5 concessions. Film adaptation of Shakespeares tragedy, starring Gerard Butler. Coriolanus is a revered and feared Roman General who is at odds with the city of Rome and his fellow citizens. His pushy mother wants him in the powerful position of Consul, but he cant bring himself to ingratiate himself with the masses, whose votes he needs in order to secure the office. The public refuse to support him and Coriolanuss anger sees him thrown out of Rome, before he takes revenge. Food and DrinkHartlepool Historic Quay Farmers Market. Saturday February 11, 8.30am-2.45pm. One of the Northern Dales Farmers Markets, stallholders offer up bread, cakes, biscuits, puddings, cereals, cookware, fish, meats, pies and pasties, preserves, jam, honey and fudge, as well as fresh vegetables and fruit. ComedyAndy White, Eriick McElroy, Tanya Lee Davis - The Hyena Cafe, Newcastle. Friday February 10. 6.30pm. Tickets £11Andy White is a Brummie who escaped from a call centre to become a comic. He likes silly voices, funny faces, observational humour, topical humour and his mixed race background to create cheeky comedy. Erich McElroy is from Seattle and has been gigging regularly on the UK circuit, and has been described as a natural. And LA native Tanya Lee Davis supplies here racy performance.
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Start up Sunderland is fertile ground for co-working
Posted on: 09/02/12
As technology increasingly shrinks the world in many ways, with new communication methods seemingly springing up everyday, its important not to lose sight of the fact that the majority of real business still takes place face-to-face, person-to-person.
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Top football clubs defy European economic woes
Posted on: 09/02/12
The worlds 20 highest earning football clubs have swelled their revenues to a combined 4.4bn, against the backdrop of European economic gloom. Representing 3 year-on-year growth, the clubs have doubled the rate of growth of economies represented in the Deloitte Football Money League. Dominating the league are Manchester United, with Real Madrid chasing and Barcelonas 13 growth taking them beyond 450m for the first time.Dan Jones, Partner in the Sports Business Group at Deloitte, commented Continued growth of the top 20 clubs during 201011 emphasises the strength of footballs top clubs, especially in these tough economic times. Whilst revenue growth has slowed from 8 in 200910 to 3 in 201011, their large and loyal supporter bases, ability to drive strong broadcast audiences and continuing attraction to corporate partners has made them relatively resilient to the economic downturn.Once again, the Money League top 20 comprises clubs from the big five European leagues, six of which come from the English Premier League. A further five Premier League clubs were just outside the top 20 for revenues in 201011 season, including Newcastle and Sunderland. Liverpool slipped another place to ninth position, despite reporting strong growth from commercial revenues and a six-year kit deal with Warrior Sports.Alan Switzer, a director in the Sports Business Group at Deloitte, said Spurs recently received planning consent for a new stadium development, coupled with a continuation of their recent on-pitch form, could secure a Money League top 10 position for the club on a frequent basis. A glance across North London to Arsenal leaves little doubt of the scale and impact of the increased matchday revenue opportunities that arise from a modern stadium development.Tottenhams debut in the Champions League, where it reached the quarter-final stages, gave the club a chance to gain 10th spot in the league.However it was leapfrogged by Schalke, which jumped six places and pushed Italian giants Juventus out of the top 10. A subsequent 14th place finish in the 201011 Bundesliga season and failure to qualify for Champions League football in 201112 will likely see a fall back next year.Manchester City are expected to break into the top 10 in the Money League next year, following the secured 10-year partnership with Etihad. Commenting on the impact of UEFAs financial fair play break-even requirement, Paul Rawnsley, a director in the Sports Business Group at Deloitte said The focus on footballs future financial sustainability is more prevalent in Europe than at any time in the past 20 years. We remain keen to see that translated into a better balance between revenue and expenditure. UEFAs break-even requirement, to be assessed for the first time in 2013, is helpful in driving this improvement. It is encouraging more owners to consider the longer term development of their clubs, in terms of generating revenues, investing in facilities and youth development, and controlling their expenditures.
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Businesses keen to generate own energy
Posted on: 09/02/12
Small to medium sized businesses are showing more interest in generating their own energy, research shows.The report from energy supplier Opus Energy shows one third expect to introduce solar panels, wind turbines or anaerobic digestion.38 of respondents expect to be generating their own renewable energy within five years, as many acknowledge the revenue opportunity, despite recent cuts to feed in tariffs.Younger business owners in the 18-34 bracket were more likely to make the investment sooner.Charlie Crossley Cooke, managing director of Opus Energy, said Theres real dynamism in the SME sector from people who are genuine entrepreneurs and we expect to see more examples of SMEs powering other businesses as well as their own. Opus Energy encourages businesses to take full advantage of the subsidies available and start generating their own renewable energy. Its an investment in their business future a way to reducing overheads and to make savings on their energy costs.With so much talk around the consumer energy sector, we need to be championing the cause for business. Small to medium size business has been coined by the government as the backbone to economic recovery in the UK, but so far we are not seeing the support required to help business owners get to grips with energy costs and innovative solutions such as renewables. We need more carrot than stick when it comes to the Governments intervention in renewable energy generation.Craig Birch, a Lincolnshire farmer, who also runs a green waste composting business, installed a wind turbine on his land in May 2011.He is now generating between £40,000 and £50,000 per year, and the equivalent amount of power needed to run half his village.Mr Birch commented We produce all our own electricity for our farm and composting facility from the wind turbine. It is the icing on the cake in our target of helping towards reversing climate change. Councils and businesses are all more willing to do business with us knowing the commitment we have shown towards environmental issues.
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Financial sector apprenticeships open routes into professional services
Posted on: 09/02/12
The Financial Skills Partnership is promoting two apprenticeship schemes as part of National Apprenticeship Week,The Professional Services Higher Apprenticeships Programme will offer 1,500 apprenticeships across tax, audit and consulting, and is led by Price Waterhouse Coopers.A government-backed consortium of professional bodies representing chartered accountants, management consultants and taxation technicians with training providers BPP, devised the scheme.The FSP has also been awarded funding to develop employer-led higher apprenticeship frameworks in banking and insurance, with an initial project creating 270 new vocational opportunities on par with the first year of a degree.Liz Field, FSPs CEO, acknowledged that apprentices were not simply restricted to a blue-collar setting, and that these new schemes would open exciting paths into the UKs financial sector.She said The current climate is far from rosy for young people today. Against a background of high youth unemployment, rising student fees and falling university applications, we are spreading the word that higher apprenticeships offer talented, ambitious and dedicated young people excellent alternative pathways into many of the professions involved. These allow them to obtain knowledge-based higher qualifications, while at the same time gaining invaluable on-the-job experience and earning a wage.Young people can find out about the opportunities available through FSPs online careers portal Directions, which offers independent careers information on the financial sector including job profiles of most of the sectors major roles, and links to employers currently offering work placements, internships and apprenticeships, as well as graduate traineeships.HSBC are already on board, and will offer apprenticeships across their branch network, call centres and operations areas.Liz added FSP already works with major employers in the financial sector such as HSBC, Aviva, Barclays and Nationwide. We firmly believe more employers will see the benefits of having apprentices, including smaller employers who will be able to tap into the frameworks for higher apprenticeships currently being developed. These will help them attract the talent they need by offering valuable training to industry-recognized national standards.Liz went on to add that she expected to see financial sector employers amongst the nominations for the NAS and City Guilds Top 100 Apprenticeship Employers Awards.
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North East business funding comes under fire
Posted on: 08/02/12
For many years One North East and Business Link were the go-to destinations for businesses in the region looking for finance. In the wake of the Coalitions decision to disband both of these services, many companies in the region are feeling increasingly concerned about where business support and funding will come from in the future.While the Government has promised a Plan for Growth, what this entails remains a hazy and undetermined ideal. Furthermore, the highly anticipated Local Enterprise Partnerships have yet to have any real impact on the regions they serve, and concerns over their role in the development of the Private Sector. We asked the State of the Region panel along with experts from across the North East for their opinions on the current funding landscape. Martin Callanan, Conservative North East MEP was quick to stress the presence of £2.4 billion in Regional Growth Funding which is available to a wide range of businesses, and called on them to consider it as areal option for boosting growth.Round three is approaching and I would encourage local firms to begin putting their submissions together now.I also welcome the Governments credit easing programme as well as using the tax system to encouraging financial support to businesses, such as the enterprise investment scheme. By contrast, Catherine McKinnell, Labour MP for Newcastle North was quick to criticise the Governments proposals for stimulating growth, accusing them of not being a properly thought out strategy, though admits that they do hold some potential. She commented The Regional Growth Fund, which is an excellent potential stream of funding, has proved little use to the North East so far, as only two firms in the North East have used it to match fund European investment that is sitting waiting to be distributed here in the region, so this source of funding may simply be lost, unless the government supports the use of it. In my opinion, this is an excellent funding prospect for the North East and I have raised the issue of how to make the best use of it in Parliament and will continue to do so.Paul McEldon, chief executive of the North East BIC believes that businesses should not be disheartened by the difficulties involved with directly applying for Government funding, and should remember that there are other agencies in the region which can still provide support. Along with our partners, the North East BIC runs the New Entrepreneurs Allowance in the region, where unemployed individuals can access business support, a £1000 loan and an allowance of up to £1,000 to help them during the all important early days in business.On a larger scale there is a large amount of equity loan funding available in the region via North East access to finance which growth-orientated businesses can access.While it appears that funding is available, what is still missing is a lack of confidence. It is difficult to ignore what is happening in the Eurozone, and is a real concern for businesses as it often directly affects the sort of finance they need, as well as potential export markets. Furthermore, bank led finance schemes such as Better Business Finance have not been the great success that the Government had hoped.Mr McEldon continued Banks will obviously only lend to viable businesses so the real challenge is to assist companies and individuals with accessing markets and customers to be able to present viable plans to banks.Conversely there also appears to be more of a reluctance of businesses to take on further debt given the uncertainty in certain markets which contributes to the lack of lending that is being reported.Now eminent businessman Bill Midgeley has made calls for the Government to strengthen its dialogue with businesses to find out exactly what they need to promote growth. He added Funding requires a national input so far as overall grant allocations are concerned. Decisions need to be made locally on distribution and priority and to a local agenda.
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Still waiting for Greece
Posted on: 08/02/12
As with yesterday, European markets took their lead from the US and Asia overnight ensuringthey opened up modestly higher. It follows the postponement of a key meeting between theleaders of the three main political parties until today, and despite another missed deadline marketsappeared confident that Greece was close to a deal. Supporting the mood were concessionsfrom the ECB which agreed to exchange the government bonds that it purchased last year in thesecondary market at a price below their face value, if the private sector debt talks reach a successfulagreement. Whilst it is still unclear as to whether the ECB would make a profit or loss on its holdingsremembering it bought the bonds in the market at well below their face value in an effort tosupport Greek access to capital markets, the concessions could free up an extra 11 billion for theGreeks. This can be seen as a step in the right direction for most private sector creditors who hadpreviously met resistance from the ECB who were insistent on profiting from their holdings as otherssuffered substantial losses.
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Still waiting for Greece
Posted on: 08/02/12
As with yesterday, European markets took their lead from the US and Asia overnight ensuringthey opened up modestly higher. It follows the postponement of a key meeting between theleaders of the three main political parties until today, and despite another missed deadline marketsappeared confident that Greece was close to a deal. Supporting the mood were concessionsfrom the ECB which agreed to exchange the government bonds that it purchased last year in thesecondary market at a price below their face value, if the private sector debt talks reach a successfulagreement. Whilst it is still unclear as to whether the ECB would make a profit or loss on its holdingsremembering it bought the bonds in the market at well below their face value in an effort tosupport Greek access to capital markets, the concessions could free up an extra 11 billion for theGreeks. This can be seen as a step in the right direction for most private sector creditors who hadpreviously met resistance from the ECB who were insistent on profiting from their holdings as otherssuffered substantial losses.
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Investors look to professional service and technology firms
Posted on: 08/02/12
Business and professional service firms attracted increased interest whilst clean and environmental technologies fell out of favour in 2011, research has indicated. According to UK Funders, the market intelligence organisation who research early-stage funding for UK-based startups and SMEs, institutional investors made 66 early-stage investments totalling £116m during the final quarter of 2011.Toby Austin, founder of UK Funders, said We saw a large decline in the proportion of sub-£500k deals amongst institutional investors last quarter. It may be the case that, with renewed talk of recession, investors are as a whole shying away from the earliest stage and usually highest risk companies in favour of those that are more established. Alternatively, it may be that this lower end of the market is being increasingly occupied by individual angel investors as opposed to early-stage institutional investors. Certainly anecdotal evidence suggests that, thanks to low returns from other asset classes, high-risk high-reward and tax efficient early-stage investment looks increasingly attractive to many high net worth individuals.Technology businesses lead the way in attracting investor attentions, while media and retail businesses fell in popularity in Q4. The report suggests that a declining interest in Q4 across clean and environmental technology investment could be due to Government cuts to feed in tariffs.Geographically, London was top both in the number of investments and total amount, whereas the North East represented a smaller amount at just £19.5m.Toby added This could be viewed as negative for the North East as the capital continues to flow predominantly towards the south but another explanation, that very early stage investment is being encouraged in the North East, could be seen as a positive.
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Business confidence reins in capital investment
Posted on: 08/02/12
Businesses remain reserved on capital investment in response to the economic outlook, research has suggested.The latest ICAEWGrant Thornton UK Business Confidence Monitor BCM reveals businesses are remaining cautious on capital investment because of low confidence.Nearly a fifth of businesses have above normal stock levels and over half are operating below capacity. Overall, job creation plans remained subdued, although SMEs are more likely to grow their workforce in the next 12 month, with a predicted increase of 1.5. Michael Izza, Chief Executive of ICAEW, said This survey shows that businesses are responding to concerns about the economic outlook by cutting back on investment in equipment and people. This is at a time when Government desperately needs businesses to be growing. At the moment, it is hard to see where this growth will come from and the Chancellor needs to use the forthcoming budget to give businesses reasons to be more confident about the future, and unlock potential investments.Salary expectations continued to fall, as the labour market rate of growth in the private sector will not be strong enough to prevent unemployment rising in 2012.Grant Thornton CEO, Scott Barnes said The key performance indicators in the BCM remain weak and the concern for business is that domestic and international demand will remain low as we see unemployment continue to rise in 2012 and wages remain static. However these figures are not as bad as anticipated and many of the companies surveyed are predicting at least some growth. They need greater certainty in domestic and global markets before they opt for a more expansive path.
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UK cultural sector explores Olympic opportunities
Posted on: 08/02/12
The UKs culture sector is gearing up to take full advantage of the London Olympics 2012, through a national convention.The National Trust, English Heritage, Historic Royal Palaces, The VA, Tate, British Museum and National Gallery are among over 100 organisations who will be present at the Association for Cultural Enterprises 13th Annual Convention Exhibition.Spread over two days in Brighton, the event will draw together senior industry figures in a bid to pool knowledge and ideas on how the sector can maximise opportunities presented by the Games.It will focus on how the sector can engage and attract an estimated four million additional overseas visitors, with the backdrop of recession and no additional government funding.John Stachiewicz, Chairman of ACE and Publisher and Head of Media Group, National Trust, said Heritage remains the most cited reason for people to visit Britain and currently renders a turnover of in excess of £1 billion a year. The Olympics present the perfect opportunity to boost this figure significantly, which is why it is important that we have the necessary knowledge, skills and ideas to effectively engage with overseas visitors. The ACE Convention will help the sector to do that. Senior industry figures in attendance will include Baroness Andrews, Chairman of English Heritage and Janita Bagshawe, head of museums and director at the Royal Pavilion.Laura Wright, CEO of Tate Enterprises, and a judge of the prestigious Best Product Awards, said The Convention is very timely this year with museums organising their programmes around the Olympics. We need to get thinking about how we can best display our attractions and gear our products to the UK inbound visitors so that they return. The convention will build confidence, skills and generate ideas about how to do that.The convention is to be followed by the biggest UK heritage retail trade fair, showcasing suppliers in the cultural heritage sector.Robert Carr-Archer, Director of Trading at The National Portrait Gallery and an ambassador of ACE said In tough economic times, our unique cultural and heritage sector is well placed to buck the trend with products that stand out and are easily accessible to people. Whether its the Olympics or the Queens Diamond Jubilee, the country has some wonderful opportunities to capitalise on these strengths this year and we need to make sure we are at the top of our game so our offer is as appealing as it should be.
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Doubt cast on Government infrastructure proposals
Posted on: 08/02/12
The Governments ability to boost private funding for infrastructure has come under fire, as the construction industry stalled during the last quarter of 2011.Less than 20 of surveyors were satisfied with the Governments proposals in the Autumn Statement, and were concerned that they would be insufficient to generate sufficient institutional funding for planned projects.Only 25 believed that the Get Britain Building Fund would have a positive impact on the sector.Simon Rubinsohn, RICS Chief Economist, commented Predictably, with workloads continuing to fall and costs slowly increasing towards the end of the year, the outlook for the construction industry remains rather downbeat with no prospect of improvement in sight.The pessimistic outlook was reflective of the industry as a whole, with a net balance of 7 more respondents reporting falling overall workloads from -1.Across the UK, the North-South divide was once again in evidence with only London and the South East reporting positive net balance readings. Significantly, there are also no sign that the pressure being felt by the SME sector is lessening. Indeed, a small majority of respondents see recent government initiatives as being unhelpful for this segment of the industry.Particularly worrying are the questions being raised over the governments plan to secure institutional funding for infrastructure projects. Simon added. We would hope that this scepticism proves to be overly pessimistic, but the responses highlight the sizeable job the government still has to do in convincing industry professionals that this approach is going to deliver. Looking forward, surveyors expect overall workloads to stagnate over the next twelve months and employment in the construction sector to fall further. Input costs continue to rise albeit at a slower pace than previously with a net balance of 19 per cent of surveyors reporting increasing costs. As result of this, expectations for future profits were firmly downbeat as 44 per cent more surveyors predicted future margins to decrease rather than increase over the coming year this is the sixteenth consecutive quarter with a negative reading for this series.
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Vela makes apprenticeship pledge
Posted on: 08/02/12
The Vela Group have pledged to help more young people into the workplace and to recruit more trainees to their apprenticeship scheme. The Group, which encompasses both Hartlepool Homes and Tristar Homes, owns 17,000 homes in the Hartlepool and Stockton areas. They are now looking to provide new schemes to help create a new generation of skilled workers.They are now working closely with Hartlepool Cellege, Springboard and Connect to Work to establish the programmes, which can last up to four years.Cath Purdy, Vela Group Chief Executive, said Housing associations are about much more than just bricks and mortar. As well as providing an affordable roof over peoples heads, Vela is committed to playing an important role is improving the lives of residents.Helping people gain skills, which opens doors to fulfilling careers, is crucial to the economic wellbeing of an area. Apprenticeships are a great way to gain practical experience and study for industry-recognised qualifications while earning a wage.This agreement demonstrates the Vela Groups commitment to helping shape a future generation of skilled workers. In 2011, the Vela Group took on 24 young apprentices, who now work in a variety of areas, including administration, IT, brick laying, plastering and plumbing.The Vela Group and other social landlords are now working with the National Housing Federation, the voice of affordable housing in England, to ensure the sector continues to provide opportunities for young people as a springboard to future careers.Monica Burns, the Federations lead manager for the North East, added I am delighted that the Vela Group is leading the way during Apprenticeship Week by committing to take on more apprentices.The apprenticeship culture is already well embedded in the North Easts social housing sector and this new commitment demonstrates how the region is keen to continue setting the standard.Housing associations in the North East have pledged to increase the number of apprentices they employ to be between one and five percent of their workforce. This has already resulted in more than 100 new apprenticeships being created.
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Funding for business growth still available- act now
Posted on: 08/02/12
If you employ between 2 249 people, run a private sector company or social enterprise, undertake the majority of your business in the Business to Business arena and can show that you have aspirations for growth over the next three years, then you may be eligible for up to £1,000 of funding support from the North East Leadership Management Advisory Service, matched by a contribution from your business.
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Bdaily member in the spotlight
Posted on: 08/02/12
Today we have chosen Hannah Mattison, Marketing Manager at Urban River Creative Agency as our member in the spotlight.
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1000 Jobs to go at Lloyds Bank
Posted on: 07/02/12
Lloyds Bank have today announced a number of organisational changes which will result in ALMOST 1000 role reductions across the UK. The move is part of the Banks ongoing cost cutting measures measures to make cost savings of £1.5 billion by 2014.The losses will come from Group Operations, Group Executive Functions, Risk, Wholesale and Insurance divisions.The main bulk of the jobs will be lost in Romford and Leeds, where 212 and 186 jobs have been cut respectively. Sites in Newcastle and Scunthorpe are also set to close, but affected staff will be redeployed elsewhere in the business. A spokesperson for Lloyds commented and Insurance divisions. Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. The Groups policy is always to use natural turnover and to redeploy people wherever possibleto retain their expertise and knowledge within the Group. Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy.
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Local Businesswoman smashes target
Posted on: 07/02/12
Karen Langdon, DEAL Group, and her birthday twin, Ken Bradshaw, set out to raise £2,500in a year to mark the occasion of their reaching 50. Through a series of challenges such asNorthern Cyclone and the Great North Run and innovative events such as the Durham BigDinner Party and an Open Gardens on the rainiest day of 2011 they have raised more than£5,000. Now, Hilary Armstrong, Baroness Armstrong of Hill Top, and the Director of VSO,Brian Rockcliffe, OBE, will be coming to collect the cheque on the 20th February.
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1000 Jobs to go at Lloyds Bank
Posted on: 07/02/12
Lloyds Bank have today announced a number of organisational changes which will result in ALMOST 1000 role reductions across the UK. The move is part of the Banks ongoing cost cutting measures measures to make cost savings of £1.5 billion by 2014.The losses will come from Group Operations, Group Executive Functions, Risk, Wholesale and Insurance divisions.The main bulk of the jobs will be lost in Romford and Leeds, where 212 and 186 jobs have been cut respectively. Sites in Newcastle and Scunthorpe are also set to close, but affected staff will be redeployed elsewhere in the business. A spokesperson for Lloyds commented and Insurance divisions. Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. The Groups policy is always to use natural turnover and to redeploy people wherever possibleto retain their expertise and knowledge within the Group. Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy.
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New customers impressed with Workwear Express
Posted on: 07/02/12
Workwear Express is celebrating after reviewing their 2011 new customer survey results. The results show that Workwear Express,one of the UKs leadingcorporate clothing, workwear and promotional apparel specialist, ismeeting and often exceeding new customer expectations.
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SMEs look to invest despite gloomy outlook
Posted on: 07/02/12
Despite the gloomy economic outlook, over half of all UK SMEs are increasing their budgets to invest in marketing, sales and IT services, a new report indicates.Of the 100 UK small business heads surveyed by Iconnyx managed IT services 79 said that 2012 economic forecasts for 2012 had not affected their budgets, and are now planning to make new investments. Half of all businesses will make investments in IT, while over 60 will spend in sales and marketing, indicating a positive outlook within the SME domain. The main priority areas for development include email marketing, website development and social media. 30 of businesses also plan to outsource services as a means of reducing their overheads. Tim Walker, managing director pf Iconnyx commented Its really positive to see the strategy of investment despite all the doom and gloom out there,It shows that smaller businesses are more resilient to current economic uncertainty, and the government should recognise and reward them as a major contributor to the future of UK growth.
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Yorkshire building services firm lands £3.3m contract
Posted on: 07/02/12
Building services provider NG Bailey has secured a £3.3m contract to provide engineering services to an energy from waste plant in Lincolnshire.The project includes mechanical, electrical, plumbing and fire engineering services to the waste bunker, boiler hall, turbine hall, office and visitor centre for Lincolnshire Waste Partnership.The Ilkley-based business has worked with the JV team of Cnim and Clugston Construction Ltd and with its own IT Services division, who supplied data cabling and network connections to a number of areas within the building.Managing director for the Engineering division in the north and Scotland, Mike Darlington, said This project is a landmark win for NG Bailey and shows our growth into the power industrial sector.It is the beginning of an exciting period of time for the company, as we look to grow in this sector.NG Bailey have been involved in the preliminary work on the project, which began in October 2011.On site work will commence in April 2012, with an estimated completion period of December 2013.Chief executive, David Hurcomb, added This contract award proves that despite tough economic pressures, NG Bailey has the strength and ability to succeed and break into new and expanding market sectors.
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Support offshore wind power says Energi Coast
Posted on: 07/02/12
The new Secretary of State for Energy and Climate Change must ensure the Government remains committed to offshore wind power, according to the Chairman of Energi Coast.Alex Dawson made the announcement in the wake of Chris Huhnes resignation and the subsequent appointment of Ed Davey to the position. Over 100 Conservative MPs have now urged the Prime Minister to cut subsidies for wind turbines, but Mr Dawson believes that the Government needs to show continuity of policy, in a way which will benefit the environment and the UK economy.He commented This should not be the time for a new broom Secretary of State, but one who understands the benefits of renewables, and particularly offshore wind, not only to the environment and the countrys energy requirements, but also to UK industry.When Mr Huhne visited North East England last year to officially open my companys new offshore wind turbine foundation plant, he was very clear that Britain should have an effective supply chain, serving both domestic and international markets, which can also make a considerable contribution to UK plc.Mr Dawson, who is also CEO if TAG Energy Solutions in Billingham, went on to note the enormous impact the industry has on the North East, and called on the new Energy Minister to recognise the importance of offshore wind power to the region and the wider UK.In our region alone, a group of 22 companies, who are part of North East Englands renewables group Energi Coast, have already invested £400m in their renewable energy operations and employ 6,500. he added. I hope, as new the Secretary of State, Ed Davey emulates Mr Huhnes support for the energy sector supply chain and take the opportunity to see first hand what it can do to ensure that his energy targets are fulfilled.
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Over-reliance on Public Sector damaging economy
Posted on: 07/02/12
For many years the Public Sector has played a major part in the North East economy, employing over a third of the workforce. However, the recent downturn has resulted in the cancellation of contracts, the closure of key services and the loss of thousands of jobs.In the second part of our series focusing on the issues arising from the Bdaily State of the Region debate, we asked our panelists and members of the North East business community to consider the problems which have occurred as a result of over-reliance on the Public Sector. While there was little agreement as to the best course of action, what is certain from their responses is that a solution must be found quickly, or we must face up to the risk of more damage being done to the regions ailing economy. As chief executive of the North East Chamber of Commerce NECC, James Ramsbotham works closely from a range of businesses from across the region, and has witnessed the far-reaching effects of the cuts on all areas of the local economy. The region has been over-reliant on the public sector in the past and the current lack of or cancellation of public sector contracts has impacted upon a large number of SMEs.Severe reductions in council grants to local authorities are set to inhibit attempts to encourage enterprise and growth, while the postponement or cancellation of major investment projects which would have previously been outsourced to the private sector have had damaging effects. Dave Anderson Labour MP for Blaydon went even further, calling the Governments cuts to services a determination to squeeze the life out of the public sector, which is reflected in harm to all sectors.While Mr Anderson was quick to criticise his political counterparts, he and Martin Callanan, North East Conservative MEP were in agreement that something must be done about the public-private balance in the region.Approximately 60 per cent of the regions GDP is generated in the public sector, said Martin.Over reliance on any sector is not a sustainable model and the real problem the North East has, is a private sector which is too small.The Government is now looking closely at efforts to reduce corporation tax and scrapping the increase in national insurance, both of which would adversely affect high numbers of small businesses. Nonetheless, the effects of the much-hyped Local Enterprise Partnerships have yet to be seen, both in the North East and the rest of the UK. While we wait to witness the full effects of the cuts, and subsequent changes to the UK economy, it is important to look at the flourishing new industries in the region. The Lear Corporation announced it is to create 300-400 jobs in Houghton, SSI recruitment at the former Teesside Cast Products site is well underway with the workforce up to 800, Tata Steel has invested £2m in wind turbine manufacturing at Hartlepool and Nissan currently employs more people than it ever has during its time on Wearside, having taken on over 1,200 extra employees during the last two years.Nonetheless, it is clear that there is much still be done to encourage growth and the Government must now try to understand how small businesses can be encouraged to expand to replace the gap left by the Public Sector.
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Two businesses join forces on social media
Posted on: 06/02/12
Two independent Great Yarmouth businesses have joined forces to increase their presence on the social media websites Facebook and Twitter.
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Another Greek deadline goes by although markets steady
Posted on: 06/02/12
Investors began the week anticipating a 1000 am GMT deadline by which Greece had to agreecross-party support for further painful austerity measures and reforms in return for additionalbailout funds from its tripartite creditors EU, IMF and ECB. After 5 hours of talks on Sunday,political leaders had apparently agreed on some of the basic points of the conditions of the bailout,including spending cuts in 2012 worth 1.5 of GDP. They were however far from agreement onwage cuts in the private sector and divergent on bank recapitalisation plans. The leaders of PASOK,New Democracy and LAOS, were then given until the aforementioned deadline today to agree onthe remaining measures, to secure the 130 billion second bailout which is required before Athensfaces a 14.5 billion debt repayment in March. In keeping with the ongoing charade, we learntan hour before the deadline that Greece wasnt working to any deadline today. The deadline isnow said to be before the next Eurozone finance ministers meeting which, typically, is yet to beconfirmed.
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Spring Term at New Street Towers
Posted on: 06/02/12
The first intriguing statistic of the year came across my desk yesterday there are more Chinese citizens living in cities in China than in the countryside. According to figures published by the Chinese government, 51.3 of the population or 691,000,000 people or 11 times the size of the UK population now live in cities. Attracted away from the countryside by the prospect of job opportunities in these rapidly growing urban areas, the balance in favour of City dwelling has shifted rapidly . Only a few years ago only 20 of the Chinese population lived in cities.
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Ryder Architecture continue success with high profile projects
Posted on: 06/02/12
Newcastle-based architectural practice, Ryder, has started the year with a number of high profile project wins with a combined build value of almost £200m.The projects include a new headquarters for Avon and Somerset Constabulary, schools in the Scottish Highlands, another police facility in Aberdeen and a technology park in Coventry.It follows other appointments secured since joining with awarding winning architect, Gordon Murray, including the Hitachi project in Newton Aycliffe and further projects in Scotland.Managing director Mark Thompson said Whilst we remain cautious about the future we are absolutely delighted to make this announcement so soon into the New Year. We have worked very hard to secure new work and to streamline the business by creating strategic ventures which are allowing us to build on our strong reputation for delivering innovative designs and operating at the forefront of technology, namely our early adoption some eight years ago of Building Information Modelling. Our joint venture with Northumbria University, BIM Academy which provides BIM consultancy to organisations nationwide - is also providing new and exciting opportunities.Mark added that the firms decade of profile building in the capital was beginning to pay dividends with projects in the residential and hotel sectors.Investment in China dating back to 2010 has also proved successful, with further commissions in the healthcare and education sector to support Chinas rapid population growth.These latest project wins mean Ryder has already secured over 70 of its required orders for the forthcoming financial year, which starts May 1.
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Top tips for designing a winning brand
Posted on: 06/02/12
When it comes to designing your brand, you could do a lot worse than follow some of the biggest brands in the world. With many years and millions of pounds poured into branding research, the big brands usually know what works.
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Principal Leisure saved by Popolo Group
Posted on: 06/02/12
The remaining parts of Principle Leisure North East Limited have been sold to Popolo Leisure Limited.Principle Leisure North East went into administration in April 2011, and since then was operated by the administrators Begbies Traynor under license until agreements with multiple landlords could be reached. The completion of the exchanged contract on Wednesday 1 February 2012 will allow all outlets to remain open, as well as saving the jobs of over 300 employees. Commenting on the proceedings, joint administrator Andrew Haslam of Begbies Traynor Newcastle commented The sale process has been long and fraught, and I would like to thank both Irwin Mitchell, which acted on behalf of the administrators, and Mincoffs Solicitors, which represented the purchasers, for their unwavering efforts to overcome the challenges we faced given the current economic climate. I am sure the business has a bright future ahead under the ownership of Popolo Leisure Limited. Chris Jones, insolvency partner at law firm Irwin Mitchell, said Following such a complex and lengthy transaction, it is extremely pleasing to complete the sale and safeguard the future of 300 jobs. The number one priority since the company went into administration has been to ensure that it could continue to trade and, therefore, provide a viable business for the new owners. This has now been done and we wish Popolo Leisure a successful future.
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Bdaily member in the spotlight
Posted on: 06/02/12
Today we have selected Aled Evan from Eliesha Training Ltd. A regular user of our busy events calander, Aled Evan joined Bdaily Business Network on 20th September 2010 as a member. Having promoted many events such as Leadership Essentials, Lean Management and Dealing with Misconduct to name a few. Check out other events Eliesha are currently running, as well as what other things they are doing across the network.a hrefhttpbdaily.co.ukeventsuser8584httpbdaily.co.ukeventsuser8584a. Well done Aled, keep up the postings
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12 towns to become Portas Pilots
Posted on: 06/02/12
Mary Portas and Grant Shapps, the Local Government Minister, have launched a competition to choose 12 towns to become the Portas Pilots. Struggling towns and cities across England will benefit from a share of £1m to help revamp their unloved and unused high streets.The towns and cities are invited to submit proposals that best serve the recommendations of Mary Portas High Street Review.Mr Shapps, said Our high streets have faced stiff competition from internet shopping, and out-of-town shopping centres, leaving them underused, unloved and under-valued.The internet is not going to go away, and so for our high streets to survive they need to offer something new and exciting.He went on to introduce his golden ticket to 12 town centres, which he said would go to areas with the vision and enthusiasm to breathe new life into what should be the beating heart of their communities.Mary Portas said I am thrilled that now there is an opportunity to turn my recommendations into reality by giving communities across the country the opportunity to come forward with their vision for breathing new life into their locality. I hope my Review has inspired people with another vision of tomorrow where our high streets are re-imagined as destinations for socializing, culture, well being, learning as well as shopping. I want the first twelve Town Teams to challenge the old ways of working, experiment, take risks and reaffirm their place at the heart of a community. A place we all want to be and can be proud of.Successful localities will creat Town Teams comprising key figures in the local community such as the council, local landlords, shopkeepers and the local MP.Such teams will be supported by the Minister, Whitehall and Mary Portas as they work to implement the recommendations of her review.Mr Shapps added I want to see how these Town Teams plan to try new things, experiment and ensure that their high streets and parades become destinations for local people want to be. But these pilots are just the start. We want to learn their lessons and help communities across the country breathe new life into their own towns. Launching this competition now is a signal of our understanding that theres no time to waste in driving forward these important measures.
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Apprenticeship week kicks off
Posted on: 06/02/12
Apprenticeship week is under way, with over 500 events across the country lined up to promote the benefits of apprenticeships to employers.Business Secretary Vince Cable will join apprentices and representatives from the creative industries, at an official launch event at Channel 4. Skillset, the sector skills council for the creative industries, in partnership with the National Apprenticeships Service, and supported by the Government have pledged to work with 300 businesses in industries such as fashion, media and design.They hope to encourage 500 apprenticeships, the first of which will be offered in September 2012.From next week, small businesses will be able to apply for an incentive payment of £1,500 to take on their first apprentice in 201213.Mr Cable commented I am very proud of the fact that at a time of financial constraint this Government has prioritised investment in apprenticeships. This has led to the creation of record numbers of apprenticeships combined with tough new standards to drive up quality.Apprenticeships are at the centre of the Governments skills policy because we know that they work. Not only do they provide individuals with the skills they need for prosperous and rewarding careers, they also boost businesses profits and drive growth in the wider economy.Im pleased that the creative industries recognise this and we support all the work they are doing to increase the number of apprenticeships in the sector, particularly in small businesses.We are providing extra help to enable small employers to hire their first apprentices. We will also continue to develop new advanced and higher-level apprenticeships to deliver the world-class skills individuals and firms need to get ahead.Commenting on the creative industires, David Abraham, chief executive of Channel Four and Skillset board member, said As endorsed by the Creative Industries Council just last month, now is the time for the whole sector to embrace apprenticeships as a key entry route to our industries, helping to address our business needs. That is why we so warmly welcome the partnership between Skillset and NAS to drive this work forward.
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DEAL Group Get Mentoring workshops get the thumbs-up
Posted on: 06/02/12
The Get Mentoring initiative aims to train those who work with, in and for small businesses to become business mentors. DEAL Group are running free introductory workshops across the region which will introduce you to a range of mentoring skills and give you the tools to become an effective mentor.
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I hate sales, I cant do it
Posted on: 06/02/12
Many people say to me that they dont know how I do it they couldnt work in sales and could never sell anything. The strange thing is many of these people are in business and dont see themselves as a sales person but ironically they need to sell their products and services to clients to make their business a success and in some cases to pay their mortgage.
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Absenteeism reaches peak
Posted on: 06/02/12
Today is set to be the worst day of the year for staff absenteeism, but the difficult economic climate will dissuade the workshy from taking more than one day.Research shows that workers will be tempted to pull a sickie by a combination of wintry weather, dark morning starts, and then length of time until their next holiday.Alongside forcing other staff to take on extra tasks, it is estimated that Monday 6th February, or National Sickie Day, will cost the UK more than £34 million in salary, reduced service and output, lost opportunities and overtime payment incurred.Nonetheless, the gloomy financial situation means that most staff will now only dare to spend one day at a time off work.
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Absenteeism reaches peak
Posted on: 06/02/12
Today is set to be the worst day of the year for staff absenteeism, but the difficult economic climate will dissuade the workshy from taking more than one day.Research shows that workers will be tempted to pull a sickie by a combination of wintry weather, dark morning starts, and then length of time until their next holiday.Alongside forcing other staff to take on extra tasks, it is estimated that Monday 6th February, or National Sickie Day, will cost the UK more than £34 million in salary, reduced service and output, lost opportunities and overtime payment incurred.Nonetheless, the gloomy financial situation means that most staff will now only dare to spend one day at a time off work.
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Markets soar on upbeat US employment data
Posted on: 03/02/12
British Services Purchasing Managers Index posted the strongest gain for 10 months this morning.Firms in the sector, which dominants the British economy, were much more optimistic in theiroutlook and eased fears that Britain may slip back into a technical recession two quarters ofnegative growth. The Markit PMI rose to 56.0 in January from 54.0 in December, way ahead of the53.5 dip that was anticipated.
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Markets soar on upbeat US employment data
Posted on: 03/02/12
British Services Purchasing Managers Index posted the strongest gain for 10 months this morning.Firms in the sector, which dominants the British economy, were much more optimistic in theiroutlook and eased fears that Britain may slip back into a technical recession two quarters ofnegative growth. The Markit PMI rose to 56.0 in January from 54.0 in December, way ahead of the53.5 dip that was anticipated.
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£7m Hartlepool development gets go ahead.
Posted on: 03/02/12
A £7 million homes and leisure development has been given approval by Hartlepool Borough Council, in a move which is set to provide a massive boost to the town. The scheme, which will intially create 30 jobs at the Mayfair Centre site in Seaton Carew will include a mini golf course, childrens play areas and air domes with sports facilities.244 Persimmon Homes will also be built on site in partnership with the scheme developer, Brian Morton.Mr Morton has been working on the scheme for the past year, and believes that it will provide Hartlepool with some of the best facilities in the North East.He commented This a massive boost for Hartlepool and will be a great development for the town, and air domes in particular are spectacular and will provide some much-needed all weather sports facilities which have not existed before.Its a great investment in the town and hopefully when complete will be something for Hartlepool to be rightly proud of.He went on to praise Hartlepool Borough Council for the unwavering support they have offered to the scheme. The councils Planning Committee have already agreed to the plans, which means that work can start almost immediately.Mr Morton continued Our aim is to have the full leisure complex open by July 20 to coincide with the start of the Olympics, said Mr Morton.Theres no better time than to showcase the amazing new sporting facilities that we are going to have in Hartlepool.
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More steps needed in Government Building Regulations
Posted on: 03/02/12
The Construction Products Association is encouraged by the launch of the Governments Building Regulations, but stresses that additional steps will still be needed.Under the proposals, the Government are looking to improve local authority building control processes, improving private sector arrangements, strengthening enforcement and introducing compliance coordinators on site. Commenting on the package, John Tebbit, industry affairs director at the Association said The manufacturers and suppliers are already focused on providing the products and solutions necessary to achieve these improvements but recognise that a delay to the implementation until October 2013 was inevitable given the delay in issuing this consultation.Other key proposals include the proposed introduction of consequential improvements, and linking these to the Green Deal. Tebbit believes that this will need to be delivered in a cost effective and consumer friendly way if it is to succeed.He continued Green Deal must be seen as a way of helping deliver these improvements and not an additional burden. This package of proposals will have a significant impact on many of our members and we will be considering the implications very carefully before giving the government our detailed response.Nonetheless, the Association remains concerned that the continuing saga of SAP abd SBEM governance, which is causing some confusion.John added Despite the problems at the last revision of Part L, we are yet again in the unsatisfactory position of having concurrent consultations on SAP and a Part L consultation using a not yet finalised version known as cSAP. We have made proposals for industry to take on more responsibility for SAP and SBEM development, but we need DECC and DCLG to take action, otherwise these problems will recur in three years time.
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University researchers to explore high street futures
Posted on: 03/02/12
Researchers at the University of Southampton have been awarded over £250,000 to evaluate alternative visions of the UK high street over the next 25 years.With the future of UK town centres in the spotlight following the Portas Review, the university team will look to the future of retail.Professor Neil Wrigley, who is leading the research, said We will look at how retail and services provision might evolve over the next quarter century, and, in-turn, to what extent and how our town centres and high streets are likely to adapt and change to survive.The project is funded by the Economic and Social Research Council, with support from Tesco.It aims to provide a range of visions on the future of high streets, in terms of their social, economic and environmental impact explore the ways in which town centres and high streets show resilience by adapting and evolving and to consider what facets of high streets might best be supported by future policy interventions.Along with Professor Michelle Lowe of Southampton Management School, Professor Wrigley will engage with expert panels, comprising retail and property leaders, local and national government and academia.Alongside this, they will conduct in-depth interviews with key stakeholders explore case studies of specific high streets and examine successful small to medium sized businesses which can act as local heroes for retail in their towns. Professor Wrigley There is a growing sense that the time may be right for reinvigorated and coordinated policy responses on high streets, and that the Portas Review has provided a helpful catalyst.
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Business Technology Show - Learn about the Cloud
Posted on: 03/02/12
Regional Buyers. Regional Suppliers. National Products Services.
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Local architect begins work on multi-million academies project
Posted on: 03/02/12
A local architectural firm has been appointed by Carillion Construction limited to work on the £24.3 million Stockton Batched Academies project.
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Bdaily member in the spotlight
Posted on: 03/02/12
Todays member is Jon Celeste from Onit Solutions. Onit joined Bdaily on the 24th August 2010. Jon has been a regular blogger since July 2011 and has contributed some of the most read blogs on excellent SEO and internet marketing advice as well as general commentary on running a business. To check out some of Jons 23 blogs, please have a look athttpbdaily.co.ukblogscompanyonit-solutions
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UKTI to take North East into Asia
Posted on: 02/02/12
UK Trade Investment UKTIare helping the regions businesses to move into new Asian markets, in a move which could help to promote UK services and boost the economy.At two special events this month, UKTI will demonstrate key business opportunities in Thailand,Vietnam and Indonesia to encourage more UK companies to take advantage of high growth markets in Asia.Exports to the 12 markets previously highlighted by the UKTI campaign were worth £25 billion to the British economy, but new Asian markets could offer even greater opportunities. Consumer spending is Asia is expected to reach 32 trillion by 2030 - 43 of world consumption.Geoff Charlesworth, one of UK Trade Investments International Trade Advisers who willbe on hand at the events, explainedNorth East companies are already proving themselves in markets around the globe and we are determined to help drive up exports and the number of exporters in the region, which is the only way for the economy to grow.There can be no doubt of the importance of Asian markets. Companies cannot afford to ignore the potential they offer and these events are a great way of exploring those opportunities, to help companies decide which is best for them.The first seminar will give an insight into the Vietnamese and Indonesian markets, featuring talks from Andy Ziardis, Consul Trade Investment at the British Consulate in Ho Chi Minh City,Vietnam and Deborah Clarke, Director of Trade Investment at the British Embassy inJakarta, Indonesia.Delegates will have the chance to take part in one-to-one meetings, and can discuss opportunities for their own company with UKTI representatives.Thailand will be the focus of the second event, and will allow businesses to meet with UKTIs experts in Bangkok and representatives of the Thai government and Thai Cultural Forum.Geoff added Whether a company is completely new to exporting or already has established markets overseas UKTI can provide support though a wide range of services to help them develop and implement an export plan to turn the potential that these Asian markets offer into new business.
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Whats on this weekend February 3-4
Posted on: 02/02/12
This weeks topic pickTyneside Cinemas Birthday Newsreel - Newcastle. Daily screenings until Thursday March 8. Free admission. This month marks 75 years since the Tyneside Cinema opened as Newcastles News Theatre, and to celebrate this anniversary, a special newsreel from February 1937 will be showing. It features a selection of news stories shown in the first month of the cinemas existence, including the launch of Thomas Sopwiths motor yacht Philante, Emperor Hirohito inspecting Japans military forces, greyhound racing, floods in Kentucky and the dark shadow of war looming as Parliament decides to expand Britains military might. This is an ideal chance to witness part of early 20th century history, while also celebrating in the regions most cherished independent cinema.MusicDarren Hayman - The Star and Shadow, Newcastle. Saturday February February 4. 7.30pm. Tickets £7.Former Hefner frontman and John Peel favourite, Darren Hayman stops at The Star and Shadow cinema this weekend. His tender song-writing style takes in a diverse range of subjects including crumbling crafts, dog charities, retiring school teaches and air hostesses plummeting to their death. Darren has built up a devout fanbase for his remarkably self-effacing and disarming performances that take bare-bones pop songs and personal confessions. ArtThe Big Windoodle - The Gates Shopping Centre, Durham. All weekend.A two-day event featuring award winning street artists and illustrators, who will perform live using brightly coloured designs to adorn empty shop units within the shopping centre. It forms part of the Gates initiative to support the local community by providing free space for art in empty shop units. Paints, sprays and pens will entertain shoppers and add a spot of colour. Food and DrinkBread Making for Beginners - Blackfriars restaurant, Newcastle. Saturday February 4 10am-4pm. Tickets £75.This course at Blackfriars gives budding bread-makers the chance to master the art of baking showing you how to make proper artisan bread that is both delicious and nutritious. By the end of the day, participants will have produced a number of breads, both savoury and sweet. Recipe cards will also be provided for home bread making. ComedyAndrew ONeill Alternative - Live Theatre, Newcastle. Sunday February 5, 8pm. Tickets £10 £8 concs.Rocker-come-comedia Andrew ONeill stops at the Live Theatre this weekend to perform his electrifying routine. Andrew is a long-haired metal head who covers a wide range of comedic styles. He has previously featured on Stewart Lees Comedy Vehicle, Radio Ones Rock Show and even in the pages of Terrorizer magazine. Actor Alan Moore, said ONeill was even funnier than the misfortunes of others.TheatreAlice - Northern Stage, Newcastle. Saturday February 4, 2.30pm and 7pm. Tickets £6.50 - £8.50.Alice tells the dark tale of Alices adventures in Wonderland the story of a girl who always wished for a place without logic and rules to make things more exciting. Once Alice steps in to Wonderland however, she realises that it might not be such a good idea, and begins her intriguing journey to discover the exit. This production is written, produced, scored and choreographed by Newcastle Stagecoach Further Stages, a young theatre group all aged 15-18.
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Search begins for promising North East entrepreneurs
Posted on: 02/02/12
The hunt is on for the North Easts most promising new entrepreneur, as part of the If We Can, You Can Challenge 2012.The award, run by the North East Entrepreneurs Forum, will be open for entries on February 6 and promises three winners an exciting prize.Those being crowned top entrepreneurs will receive a unique package of support to help them build their business.It is open to anyone who is thinking of starting their own business, already in the early stages of doing so, or those expanding an existing enterprise. The scheme aims to expose entrepreneurs to professional expertise and a host of inspiration business leaders.Nigel Mills, chairman of the Entrepreneurs Forum, said In the years that we have run the If We Can, You Can Challenge, its aims of identifying and fostering talent have never been more relevant.The growth of the private sector is critical to the regions economic future and the Challenge helps to meet that need by supporting new entrepreneurs and presenting the winner with a money-cant-buy package of mentoring and practical help to develop their business.The challenge is supported by Eversheds, PwC and Yorkshire Bank, and potential candidates are being encouraged to enter early.Nigel added We believe the region is full of untapped potential and that all people need is the motivation to push themselves forward, safe in the knowledge that there are like-minded entrepreneurs on hand to help and a business community ready to welcome them.The If We Can, You Can Challenge is a fantastic opportunity to encourage people to take that vital next step whatever stage on the road youve reached, whether youre a thinker, a starter, a grower, no-one should be put off from entering.Entries need to be submitted online, here, and the closing date is Wednesday March 21. Shortlisted candidates will then be invited to pitch their business ideas to a panel on March 29.
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National Trust experiences December boom
Posted on: 02/02/12
The National Trust has reported a substantial increase in visitor numbers, and retail and catering sales in December 2011.More than half-a-million people visited Trust properties over the month, representing a 74 year-on-year increase.Mild weather and Christmas themed activities across the properties were identified as factors in the jump in visitor levels.Over forty properties were open to the public over the weekends in December, including Attingham in Shropshire, which saw its busiest ever weekend with its Frost Fair.The numbers mean the Trust is on target to have its best ever year for visitors to pay-for-entry properties, exceeding 18 million visitors for the first time in its history. The retail business, which includes high street shops, shops at properties and online sales, saw an increase in sales of 24, while cafes and restaurants experienced a 71 increase.Fiona Reynolds, Director-General of the National Trust, said In these economically tough times the National Trust seems to have swum against the tide with these fantastic results.
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Defence specialists game-changing technology for hybrid electric vehicles
Posted on: 02/02/12
British defence technology specialists QinetiQ are set to provide a game-changing component of hybrid electric drive systems to BAE Systems.The Hampshire-based firm will supply its E-X-Drive transmission to BAEs Northrop Grumman team, who were recently awarded a contract to work on vehicles for the US army.The technology marks a significant step forward from conventional hydro-mechanical transmissions in terms of efficiency, size, weight, reliability and flexibility. Mark Signorelli, vice president and general manager of weapons systems at BAE Systems, commented E-X-Drive is the key component of our hybrid electric drive propulsion system for the GCV having been proven by the U.S. Armys Future Combat System programme as the most mature and capable product available.
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Businesses encouraged to think electric vehicles
Posted on: 02/02/12
North East businesses will be given the opportunity to test drive electric vehicles next month, as part of an event to showcase the benefits of low carbon transport.GreenFleet and Charge your Car have joined forces to hold the interactive event on Wednesday, March 7 at Gateshead College Skills Academy for Sustainable Manufacturing and Innovation.Those in attendance will have the chance to try out a number of vehicles on the newly developed Performance Track, and will also hear from a range of experts about the benefits of introducing EVs to their business while funding for charging posts is available.Such electric vehicles are tax deductable and running costs are cheaper than petrol or diesel models.A £5,000 subsidy is currently available for businesses towards the purchase of electric cars, and more recently 20 funding has been introduced for the purchase of electric vans, up to a maximum £8,000.In addition, Charge your Car, is offering grant support of up to 100 towards the installation of electric vehicle charging posts for businesses installing them on their premises.Charge your Car project manager Josey Wardle, said Now is the time for the regions businesses to introduce EVs into their daily transport function. As a result of Charge your Car, the North East is now the most connected region in the UK which means drivers are never far from an electric vehicle charging point. Allied to this, the region has also seen a good take-up of interest in electric vehicles, helped by the introduction of the Switch EV project which is enabling both businesses and individuals to trial a vehicle for a six month period. As a region, were now in a position to lead the way in the introduction of EVs and show businesses here just how much they have to benefit from going electric.GreenFleet North East is the first event of its kind and we hope it will encourage many more businesses and organisations to get involved and ensure theyre at the forefront of this pioneering sector.The free GreenFleet North East event will comprise of a two hour test drive experience, as well as presentations from experts such as Dr Colin Herron, managing director of Zero Carbon Futures, who will talk about North East leadership in low carbon vehicles.For more information please see a hrefhttpbdaily.co.ukeventsenvironment07-03-2012greenfleet-north-eastGreenFleet North Easts event listinga.
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North East plan to reduce landfill waste launched
Posted on: 02/02/12
Friday saw the launch of the long awaited North East Resource Management Plan by the North East Sustainable Resources Board NESRB. The plan is, in essence, a strategy for treating the regions landfill waste as a valuable resource with the aim of creating jobs, new business opportunities, reducing landfill waste and improving business profits.
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Van Monster flagship launches in Cannock
Posted on: 02/02/12
Leading commercial vehicle retailer,a hrefhttpwww.vanmonster.comVan Monstera, has launched a brand new £2.5 million site in Cannock, to support local businesses in need of quality used vehicles at competitive prices. Located just off the M6, the new 5.75 acre flagship site will bea hrefhttpwww.vanmonster.comVan MonstersaWest Midlands hub for the specialist sale of premium used commercial vehicles.
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Tender Opportunity Skills Analysis Training
Posted on: 02/02/12
Sunderland Software City is part financed by the European Regional Development Fund ERDF, managed by the Department for Communities and Local Government. It is tasked with supporting the software industry in the North East of England. Given the growing size and importance of this sector we are currently tendering for training contracts, including
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Chinese data and Greek debt optimism lift markets
Posted on: 01/02/12
Sentiment was boosted today following strong economic data out of China suggesting fearsof an economic hard landing were overdone. The official purchasing managers index for themanufacturing sector increased from 50.3 in December to 50.5 in January, ahead of forecasts thathad anticipated a level below 50 and hence contraction. Further, investor were more comfortableputting money to work on increasing Greek optimism, with the Greek Finance Minister EvangelosVenizelos claiming that the country was one formal step away from completing a deal with privatesector bond holders.
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Pensions Compulsion Right Idea, Wrong Timing
Posted on: 01/02/12
Few would argue that people should save more for their retirement. Life expectancy is increasing and government is alarmed at the prospect of a looming welfare gap for retirees. To combat this it will launch pensions auto-enrolment in October this year. Its target is the 7 million employees who have no occupational pension. Businesses will be required to find 8 of pay 3 from the employer and 5 from staff and put this in a government approved pension fund.
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Engineering firms snubbed in qualifications shake-up
Posted on: 01/02/12
Yesterday it was announced that the engineering diploma will be downgraded in value from five GCSEs to one.
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Local businesswoman named as Capital Enterprise Chair
Posted on: 01/02/12
A local businesswoman has been named as the new chair of Capital for Enterprise Limited, the body which advises the Government on the best way to provide SMEs with financial support.Lucy Armstrong is currently the chief executive of The Alchemists, who match up experienced entrepreneurs with high growth medium sized businesses to encourage their growth. She has extensive experience of working with North East manufacturing businesses, and is also a non-executive of a venture capital investment group and angel network.Commenting on her appointment, Business and Enterprise Minister Mark Prisk said I am pleased to announce Lucy Armstrong as the new chair of Capital for Enterprise Limited. She brings a breadth of experience from working directly with high growth small companies, business angels and regional funds.The finance programmes managed by Capital for Enterprise Limited are vital for supporting new and growing small businesses across the UK, and Lucys expertise and insight will ensure these programmes continue to be successful.Centre for Enterprise Limited is the largest single investor in UK venture capital, and has total assets and liabilities of £1.1billion under its direct management. When all private sector money is taken into account, they have created financing schemes worth more than £4 billion.
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Bids in for Green Investment Bank locations
Posted on: 01/02/12
The Business Secretary Vince Cable has received 32 bids from locations across the UK wanting to host the Green Investment Bank.Interested parties were invited to self-assess against a common set of criteria to demonstrate they would be an effective base for the GIB.Part of the criteria dictate that the chosen location should be able to recruit and retain the specialist staff needed enable the GIB to work closely with other parties involved in deals, as well as other investment bodies, project developers and green technology providers and ensure that the bank is cost effective.A review panel, comprising officials from the BIS GIB policy team, Odgers Berndtson and the Government Property Unit will consider the submissions.Business Secretary Vince Cable said I am delighted that the Green Investment Bank has fired the imagination of so many public and private sector groups keen to host this world-first institution. They all have a role to play in helping the UK seize the benefits of a transition to a low carbon economy.The Government has announced it will invest as UK Green Investments in green infrastructure projects from April 2012, ahead of obtaining state aid approval for the Green Investment Bank.
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Nominations open for Private Business Awards 2012
Posted on: 01/02/12
Nominations are open for the Private Business Awards 2012, which celebrates the most successful companies and individuals operating in the private sector.This is the second year of the event, and will focus on highlighting the importance of private businesses to the economys recovery. A launch party on Wednesday at the offices of associate sponsor HSBC Private Bank, will introduce this years voting panel.Miriam Gonzalez Durantez, partner at Dechert Alison Lees, partner at PwC and Charlie Hoffman, managing director at HSBC Private Bank Ltd, will judge entrants.Two new awards will feature this year, including the Rising Star Award, to champion vision, strong leadership and growth strategies, and the Exporter of the Year Award, which will celebrate a strong and growing presence in overseas markets.Paul Drechsler, CEO of Wates Group plc and Private Business Awards 2011 winner, commented Winning the CEO of the Year Award last year was a fantastic achievement for Wates Group and of course an honour, personally. The UKs private sector has made a major contribution to supporting the economy and is at the very heart of job creation and employment. As an example of this, The CBIHarvey Nash Employment Trends Survey predicts that private business will account for an 11 increase in the number of firms creating graduate positions this year, with nearly 50 looking to increase their total workforce by the end of 2012. Jonathan Greenaway, partner at headline sponsor PwC, expressed how pleased the firm were to be sponsoring the awards, and hoped last years array of innovative nominees would be built upon.Charlie Hoffman, Managing Director, HSBC Private Bank UK Ltd. also commented With nominations opening on 1st February, now is the time for companies and individuals across the UK to have their voices heard. The UK is home to a fantastic array of innovative, forward-thinking and successful businesses and the Private Business Awards is a great vehicle with which to highlight their endeavours. The Voting Panel very much looks forward to the challenge of judging each of the categories.
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Northgate introduces fleet services for UK councils
Posted on: 01/02/12
In an effort to support public sector transport within local communities,a hrefhttpwww.northgatevehiclehire.co.ukNorthgate Vehicle Hirea,market leaders in flexible vehicle hire and fleet solutions, has introduced a brand new range of wheelchair accessible buses to its fleet, to help councils avoid the spiraling maintenance and service costs of long-term leases.
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Northgate introduces fleet services for UK councils
Posted on: 01/02/12
In an effort to support public sector transport within local communities,a hrefhttpwww.northgatevehiclehire.co.ukNorthgate Vehicle Hirea,market leaders in flexible vehicle hire and fleet solutions, has introduced a brand new range of wheelchair accessible buses to its fleet, to help councils avoid the spiraling maintenance and service costs of long-term leases.
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Premier League spending tops £60m
Posted on: 01/02/12
Football clubs in the Premier League spent around £60 million in the January transfer windon, a 70 reduction on the record £225 million spend witnesses in January 2011.This level of spending represents a return to a similar level as the January windows in 2004 and 2007, but is still ahead of the investment in players by top division clubs in other European leagues.According to Dan Jones, partner in the sports business group at Deloitte, this comparatively sober level of spending indicates that clubs are focusing on maintaining a strong balance sheet. He commented In the decade since the introduction of transfer windows, January has typically been a relatively quiet window with total spending driven by a few high value transfers, as was certainly the case with the chain of events on last years deadline day.As clubs are now in the reporting period that will count towards the first assessment for UEFAs financial fair play break-even requirement, their comparative restraint is indicative of an overriding reflection on spending levels.The top spenders were found to be Chelsea, Queens Park Rangers and Newcastle, who contributed to over half of the total. In January 2011, 80 of spending was concentrated around just four clubs. No player was purchased for more than £15 million this January, in comparison with six such transfers in January 2011. Despite this, Premier League spending still exceed other European leagues, which are typically at 80 of the level of British clubs.Dan continued The focus on footballs future financial sustainability is more prevalent in Europe than at any time in the past 20 years and, going forward we remain keen to see that translated into a better balance between revenue and expenditure.
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North East LEP secures £17m funding
Posted on: 01/02/12
The North East Local Enterprise Partnership has secured a £17 million funding boost.The cash, from the Governments Growing Places Fund, will help to drive economic growth and create new jobs in the region. It will now go towards helping businesses across Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland.Paul Woolston chair of the Local Enterprise Partnership commented This new resource is timely and demonstrates real faith in the LEP to manage and deploy funding in line with the LEPs strategic priorities of growing key sectors and strengthening infrastructure.The funding will also be used to unlock housing and economic development schemes, and recognises the challenges associated with funding infrastructure under the current financial climate. Mr Woolston continued We will be inviting interested parties to submit proposals to the LEP that fit with our criteria and the aim of the Board to see the funding used in order to accelerate economic opportunity and generate a rolling investment fund.
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Northgate invests in infrastructure with £300,000 Glasgow re-development
Posted on: 01/02/12
Market leaders in flexible vehicle hire and fleet solutions,a hrefhttpwww.northgatevehiclehire.co.uk targetNorthgate Vehicle Hirea, has this week unveiled its new look Glasgow depot after investing £300,000 in the existing infrastructure. To drive process efficiencies for customers and offer an unrivalled experience, the re-development has taken place over three months.As part of Northgates £1.5m investment across the UK this year, the Glasgow site was the natural starting point due to the size of its market area. Striving to set new benchmarks for depots and facilities across the group, the Glasgow site will be used as the blueprint for all 62 depots.
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HMRCs deadline extension the real agenda
Posted on: 31/01/12
Mike Fleming, Tax Director at Straughans Chartered Accountants and Tax Advisers explores the agenda behind HMRCs extension of the tax return deadline.
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Personal Pensions They are worth having
Posted on: 31/01/12
As with other investments, the value of personal pensions can rise and fall. Anyone considering starting a personal pension should seek independent financial advice before doing so.
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Major coaching programme to help businesses
Posted on: 31/01/12
The Department for Business Skills and Innovation has announced a new coaching programme, to help 10,000 high growth potential businesses. It will provide SMEs with coaches to work with senior management teams, in a push to realise their growth potential.Access to business angel networks, UK Trade and Investment and the Manufacturing Advisory Service will also be promoted through the scheme.Business and Enterprise Minister Mark Prisk said Providing intensive and quality coaching for high growth potential businesses is vital to their continued success and their ability to help the UK economy grow. This programme is the latest step the Government is taking to ensure small and mid-sized businesses are well equipped to thrive here and abroad.I know from talking to businesses that they face a range of challenges in growing, such as raising finance, securing new customers and strengthening their leadership capabilities. I want to make sure that we can give them the tools to overcome these obstacles and the success of this programme will be judged on the level of growth it delivers to the UK economy.The Coaching for Growth Consortium will deliver the programme, which is scheduled to be fully operational by March 2012.Accountancy firm Grant Thornton lead the Consortium, which comprises Winning Pitch, Oxford Innovation, Pera and seven other local delivery partners. Karl Eddy, Partner at Grant Thornton said We are delighted to be part of this ambitious new programme. Together with our consortium partners we offer a wealth of experience in assisting businesses with high growth potential to achieve their goals and make a real difference to the wider economy.
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EU bid to simplify Public Sector procurement
Posted on: 31/01/12
Changes to EU legislation could simplify the way that small businesses bid for public sector contracts.The European Commissions is calling for the reformation of the current public procurement system, to make it easier for SMEs to secure work in the sector. If the law was changed, it would offer real hope for UK SMEs to compete with larger businesses.Currently small and medium businesses win between 31 and 38 of all public sector contracts, despite the fact that they make up over half of the total turnover of the EU economy.New plans would simplify this process, as well as actively encouraging public sector bodies to be more SME friendly when putting out contracts for tender.Karen Andrews, partner in the public sector team at Ward Hadaway believes this news will be welcomed by SMEs who have previously been intimidated or confused by the application process.She commented Simplifying the procurement process will hopefully make it much easier forSMEs to compete on a level playing field with larger businesses whose scale and resources have previously given them a substantial advantage when bidding for public sector work.Even though there have been cuts to public spending in the UK and other countries in the EU, the public sector still represents a potentially huge market to all kinds of small and medium-sized businesses and this move should help to free up access to that market.EU proposals include subdividing contracts into smaller lots to allow smaller businsses to effectively bid for work, limiting eligibility requirements and cutting down on red tape. EU members would also need to provide legal and economic advice to prepare businesses for the procurement process.It is hoped that the changes will become law by June 2013.Karen continued While these proposals have not yet been enacted, reforms to the public procurement process are most definitely on the agenda and SMEs with ambitions to boost their share of public sector work should take note.Even before any reforms are put in place, smaller businesses that take the right approach to bidding for public sector contracts can succeed, providing they know the right approach to take.
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Your Homes give tenants vital work experience
Posted on: 31/01/12
Tenants at Your Homes Newcastle have been given the opportunity to get back into the workplace by one of the UKs leading employers.Sainsburys Supermarket are now working closely with tenants, many of whom are long-term unemployed, to drive employment and skills agenda in the region.At the supermarket in Gosforth tenants have learnt key customer skills, good practices in the workplace, dealing with complaints and have linked with existing members of staff to fain an insight into working on the shop floor.They were also given the opportunity to take part in mock interviews, and were advised on application and interview techniques. It is hoped that this will give them the confidence to apply for jobs and an insight into successfully gaining employment.Stuart Clarke, Customer Involvement Officer at YHN, said It has been a really successfulprogramme and highlights the importance of partnership working especially with bigemployers such as Sainsburys.At YHN we dont just provide houses. Its about creating sustainable communities,supporting tenants and ultimately having an impact on the North East economy.Rob Wingate, Store Trainer at Sainsburys in Gosforth, added We are passionate aboutworking with the community and this has been a great project for our store to be involvedin. Everyone involved has shown real enthusiasm and a strong work ethic throughout the training and Im sure the skills they have developed will help them in their search for employment.
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Your Homes give tenants vital work experience
Posted on: 31/01/12
Tenants at Your Homes Newcastle have been given the opportunity to get back into the workplace by one of the UKs leading employers.Sainsburys Supermarket are now working closely with tenants, many of whom are long-term unemployed, to drive employment and skills agenda in the region.At the supermarket in Gosforth tenants have learnt key customer skills, good practices in the workplace, dealing with complaints and have linked with existing members of staff to fain an insight into working on the shop floor.They were also given the opportunity to take part in mock interviews, and were advised on application and interview techniques. It is hoped that this will give them the confidence to apply for jobs and an insight into successfully gaining employment.Stuart Clarke, Customer Involvement Officer at YHN, said It has been a really successfulprogramme and highlights the importance of partnership working especially with bigemployers such as Sainsburys.At YHN we dont just provide houses. Its about creating sustainable communities,supporting tenants and ultimately having an impact on the North East economy.Rob Wingate, Store Trainer at Sainsburys in Gosforth, added We are passionate aboutworking with the community and this has been a great project for our store to be involvedin. Everyone involved has shown real enthusiasm and a strong work ethic throughout the training and Im sure the skills they have developed will help them in their search for employment.
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North East business distress falls dramatically
Posted on: 31/01/12
Business distress has fallen significantly in the North East, but the region still has a way to go before it fully recovers from the effects of the recession.57 on firms in the North of England were suffering one or more signs of business distress, 1 lower than the national average, and significantly less than Greater London and the South East, who registered 66 and 63 respectively.Despite this, less than a quarter of firms saw an increase in turnover during the last quarter, and almost 30 had seen turnover fall during the same period. Just over a fifth of businesses have plans for expansion.Linda Farish, chair of the north east arm of insolvency trade body R3, and director of Recovery Insolvency at Newcastle-based accountants RMT, says Whilst there are still many hurdles for businesses in our region to face as the recovery from recession continues, a few significant positives have come out of our latest Business Distress Index and we hope that the trend continues through 2012. We are concerned, however, that could this be the calm before the storm - many zombie businesses have been surviving but not thriving, and history tells us that that the greatest number of businesses do not fail in the middle of a recession, but instead when the economy is recovering.Businesses in the region reporting a growth in domestic orders and a greater makert share were both the highest at the country - 20 and 24 respectively. Few businesses were also found to be experiencing cash flow difficulties in the North East.She continued The insolvency lag we have seen in previous recessions has been slower to materialise this time around, and traditionally insolvencies increase during the recovery phase, when a companys financial outlook starts to improve and creditors therefore stand to achieve greater returns than they would during the downturn. Changes in policies of lenders and the Government could force a clear out of the system in 2012, and company owners and executives still clearly need to be very much on their guard for signs of distress within their businesses throughout the year to come.
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BSkyB announce 1,300 jobs following growth
Posted on: 31/01/12
BSkyB have announced the creation of 1,300 jobs in the UK and Ireland, following increased profits.The broadcasting organisation revealed revenue has risen by 6 to £3.4bn, and 100,000 new households had subscribed to their services.The gains represent an increase in operating profit of 16 to £601m, the highest ever first-half figure for BSkyB.Off the back of this success, the company has announced it will create 1,300 new jobs over the course of the next two years. Chief executive, Jeremy Darroch, commented It has been a strong first half with progress on all fronts. While these are tough times for many consumers, our customers are staying loyal and more households continue to join us. From broadband to high definition, people are choosing Sky for a wider range of products than ever, underlining the transformation of our business over the last few years.Our approach to growth is working well. Were adding more value to the Sky subscription by investing where it matters most to customers, with more great entertainment and groundbreaking innovation like Sky Go. Alongside that, were improving efficiency behind the scenes so we can expand margins at the same time. Financially, weve delivered another strong result, with our highest ever first-half operating profit and 20 growth in earnings per share. On the back of this, were increasing the dividend again and have started our share buyback programme to increase returns for our shareholders.We expect the environment to remain tough in calendar 2012. No consumer business can be immune to these conditions and we will manage any short-term headwinds as they emerge.Growth in retail and wholesale operations had helped to offset a fall in advertising sales.
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BSkyB announce 1,300 jobs following growth
Posted on: 31/01/12
BSkyB have announced the creation of 1,300 jobs in the UK and Ireland, following increased profits.The broadcasting organisation revealed revenue has risen by 6 to £3.4bn, and 100,000 new households had subscribed to their services.The gains represent an increase in operating profit of 16 to £601m, the highest ever first-half figure for BSkyB.Off the back of this success, the company has announced it will create 1,300 new jobs over the course of the next two years. Chief executive, Jeremy Darroch, commented It has been a strong first half with progress on all fronts. While these are tough times for many consumers, our customers are staying loyal and more households continue to join us. From broadband to high definition, people are choosing Sky for a wider range of products than ever, underlining the transformation of our business over the last few years.Our approach to growth is working well. Were adding more value to the Sky subscription by investing where it matters most to customers, with more great entertainment and groundbreaking innovation like Sky Go. Alongside that, were improving efficiency behind the scenes so we can expand margins at the same time. Financially, weve delivered another strong result, with our highest ever first-half operating profit and 20 growth in earnings per share. On the back of this, were increasing the dividend again and have started our share buyback programme to increase returns for our shareholders.We expect the environment to remain tough in calendar 2012. No consumer business can be immune to these conditions and we will manage any short-term headwinds as they emerge.Growth in retail and wholesale operations had helped to offset a fall in advertising sales.
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Twitter for non tweeters
Posted on: 31/01/12
So what is Twitter Essentially it is a mini-blog or an online diary that provides an ability to have instant conversations with people you follow and who follow you. All of this has to be done in 140 characters or less. Twitter enables you to post short updates on interesting things that are happening in your business which other people can then share with their own followers by re-tweeting the post. As a result you can communicate with a wide network of people very quickly.
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Northern University collaboration to boost Industry and Innovation
Posted on: 31/01/12
A new collaboration between the N8 Northern Univerisites in the North of England is set to bring together senior individuals to encourage innovation links between industry and universities.The Industry Innovation Forum will be led by scientists from the northern research intensive universities, and will drive innovation, competitive advantage and growth. Firms involved in Research and Development and Government bodies will also be involved to maximise links and market pull between all partis.The Forum will be officially launched at a dinner at the University of Leeds, where the Minister of State for Universities and Science David Willetts will officially mark the launch of this initiative. Minister for Universities and Science David Willetts said The Industry Innovation Forum is an excellent example of the benefits of collaboration across the higher education sector. This initiative will give companies of all sizes access to the resources and expertise of eight research-intensive universities, driving innovation and providing them with informed solutions to the challenges they face.The first meeting will focus on Advanced Materials Technologies, which are linked to the aerospace and consumer goods sectors. Discussions will be business led, and will quickly encourage links between all parties. The Technology Strategy Boards role within the Industry Innovation Forum will be to facilitate the forum meetings and encourage industry and academia to engage and explore ideas and insights. Iain Gray, Chief Executive of the Technology Strategy Board, added The Technology Strategy Boards key role is to accelerate economic growth by stimulating and supporting business-led innovation.We are delighted to pilot and support the N8 Industry Innovation Forum, which aims to help businesses of all sizes to work together and form collaborations, and to develop relationships with research-intensive universities in the North of England, translating new research and innovative technology into commercially-viable products and services. We already have excellent examples of working to support business in the North of England and look forward to building on its strong industrial capacity.The N8 Research Partnership is a collaboration between the universities of Durham, Lancaster, Leeds, Liverpool, Manchester, Newcastle, Sheffield and York, which utilises the combined expertise and capabilities of these research intensive universities.
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Greek default fears hit stocks globally
Posted on: 30/01/12
Following last weeks eurozone optimism, the start of the week was characterised by risk aversion.
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FREE Goal Setting Session with paul Robson
Posted on: 30/01/12
FREE Goal Setting Session with me
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Australian law firm acquire Russell Jones Walker
Posted on: 30/01/12
UK law firm Russell Jones Walker have joined forces with Australian practice Slater Gordon Lawyers, the worlds first publicly listed law firm.The move is hoped to bring security and growth through shared pool of talent and knowledge, as the recent Legal Services Act opens the market to outside investment.Neil Kinsella, chief executive of RJW, said We will continue to deliver first class legal services, but as a result of todays announcement we will have the resources and backing to develop and grow.We want to become the largest and most trusted provider of personal legal services in the UK.Our commitment to making justice and legal services accessible and affordable to all remains, but our ability to do this increases as a result this development will bring real benefits to our clients and affiliated organisations.Mr Kinsella went on to say that Slater Gordon have a similar history and ethos to RJW, and also shared a focus on innovation.He added We have jointly identified the opportunities that will come as a result of the changes in the UK market and have already benefited from sharing our knowledge. The potential to share technology and have greater resources to retain and attract additional talented people will underpin our future success.Slater Gordon managing director Andrew Grech noted that while the UK had a similar legal jurisdiction to Australia, it had spent three years searching for the right opportunity in the UK.He said In RJW we have found a great firm built on values which are very aligned with our own. The team at RJW gives us confidence that we have the right people on the ground with local knowledge to achieve our joint aspiration of being the first choice for personal legal services in the UK
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Providing Pension Provisions
Posted on: 30/01/12
It seems as if you cant pick up a paper, switch on TV or listen to the radio with out being bombarded by the statement pension reform. The pension world seems to be going though a process of major re adjustment. The state pension, public sector and private sector are all being subjected to reform.
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SDL completes purchase of Alterian for nearly £70m
Posted on: 30/01/12
Bristol-based web analytics and social media company Alterian have been bought by international information management specialists SDL.The deal, worth £69.7m will see SDL take on all 300 staff at Alterian, and will use the companys integrated marketing platform to grow its global business. In a statement, SDL said there was an excellent strategic fit in combining the marketing analytics, campaign management and social media capabilities across Alterian products, with SDLs own products.Mark Lancaster, Executive Chairman of SDL commented Understanding what your customers are interested in by analysing what they are looking at, and for how long, is key in developing your web and customer engagement strategy. We already have best-of-breed web content management technology, user guidance content management technology and leading language technology. Adding Alterians marketing analytics, social media and campaign management technology will provide customers with a superb integrated solution for managing customer engagement and improving customer experience. We are very pleased to have completed this acquisition and look forward to working with Alterian employees, partners and customers.
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UK small businesses driving business trends
Posted on: 30/01/12
The UKs small businesses are driving innovation and future trends, not corporates, a new piece of research suggests.Index B, the experts in commercial behaviour, release their Ones to Watch report today, which aims to cut to the roots of current business trends, and identifies 25 companies that are shaping the future of business.Studying business at all levels and across the globe, the report suggests that SMEs are leading innovation, and indicates six key emerging trends.John Owrid, CEO of Index B and co-author of the report, said Whilst it is fashionable to characterise the year ahead as one laden with unpredictability, this view is still quite selective and too hasty.In fact the future is more predictable than often realised. While most commentators focus on short-term macro-economic forces, the business world is being reshaped by long-term trends, and the companies that reflect these trends are increasingly important for economic growth, and worth watching.It is not large corporates driving these trends it is primarily innovative small and mid-sized business, although often they ultimately often get taken over by large corporates.Apple taking over Siri in order to use its innovative voice recognition technology for its new mobile phones is a good example. The report aims to step back from commentary on the immediate past and future of business, and looks towards longer-term trends.It notes the presence of technology at the forefront of these long-term trends, representing a historic behavioural revolution in the way business operates.The first of the key trends identified is the transition of the internet from a medium that predominantly served communication and entertainment function, to one that now addresses less sexy areas of functionality.Companies highlighted in this area include Dropbox, the simplified file accessing site, and Evernote, the personal organisation software.The advent of the smartphone is encapsulated through the mobile commerce trend turning to companies such as Proxama, who develop customisable payment devices for mobiles, and Metaio, who are innovators in applications that facilitate the overlay of digital content on the physical world.Elsewhere, the report notes sustainability as a driving trend, with firms such as Closed Loop Recycling, who have repurposed 20 of the UKs plastic bottles, and Whipcar, the vehicle sharing group.Another sub-set of organisations were highlighted as pioneering new ways of facilitating funding, following waning faith in the financial establishment.Organisations such as CrowdCube, BankSimple and Mitie demonstrate a trend in alternative access to money.Tools for one-man businesses to extend their influence were noted in the case of CubeSocial and their personal CRM software and Basekits software which has revolutionised the cost and time involved in website creation.Finally, the growing influence of community gains models is exemplified through the likes of Kaggle, the collaborative platform for researchers, and Songkick, which applies a social network dimension to live music events. Roger Trapp, the reports co-author, said Overall smaller companies are now the forerunners of behavioural change, and it is good news that British companies feature heavily in the report.The UK is definitely at the head of the curve in terms of having a good share of innovative smaller businesses that will shape the future.Londons Silicon Roundabout gets a lot of publicity, but it embodies the spirit of tech-savvy entrepreneur and will prove a huge asset for the UK economy.It also presents a major challenge to government policy, which has previously relied on handing billions in grants and subsidies to large companies to create jobs and skill-creation.This has always had disappointing results, and as a viable approach now looks hopelessly dated in a decade when innovation and employment comes from the self-employed and smaller businesses.
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Government drops changes to pre-pack insolvency
Posted on: 30/01/12
Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies. The proposed improvements to legislation had caused controversy as it would leave creditors unpaid following the administration and sale of a business.In a statement, the Employment Minister Edward Davey said that Government was not convinced of the benefits having taken into account all of the issues. The Forum of Private Business responded to the developments with apprehension, suggesting Government should go even further towards protecting creditors from so called phoenix companies. Research from the Forum, under the cost of compliance survey, revealed that UK small businesses are owed more than £33 billion in outstanding invoice payments.Senior Policy Adviser at the Forum, Alex Jackman, said Cutting red tape is hugely important but, against the backdrop of the Governments de-regulatory agenda this is one area where tighter legislation would protect more firms from phoenix companies abusing the pre-pack insolvency process by starting again while failing to pay them.Late payment, or in this case non-payment, devastates firms ability to maintain any kind of healthy cash flow and threatens their very survival. The Government is working on some extremely positive projects at present to help firms minimise the problem and offering them more protection in this way would also be of great benefit.Mr Davey had argued that pre-pack sales can offer flexibility in business rescues when used properly.However, the Forum had expressed concerns over the abuse of the process, for example when an existing management team or associates are able to effectively buy back the company without consultation with creditors.Often such actions are carried out deliberately with the express purpose of avoiding paying debt.Under the new proposals, insolvency practitioners would need to give three days notice ahead of a pre-pack sale, to allow for challenges. The Forum had backed such steps, along with proposals to ensure best value sale prices to benefit creditors, but made further recommendations.These included strengthening the Statement of Insolvency Practice, with penalties for non-compliance tightening rules against directors involved in multiple pre-pack insolvencies prevention of administrators actively promoting pre-packs and more robust scrutiny from the Insolvency Service.Mr Davey had said that officials were asked to undertake an urgent review in conjunction with stakeholders of how the existing controls on pre-packs have been working and whether more could be done to improve confidence and transparency.
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Social media strategy
Posted on: 30/01/12
There is a lot of hype about Social Media, and how as a business you must be on Facebook, and Twitter, and if you arent then your business will lose out. This isnt necessarily true in reality but you must understand what Social Media could do for your business and then decide what particular medium you want to use to achieve the benefits Social Media can provide. Here are a few tips to help you plan your initial approach to using Social Media in your business.
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New Starts
Posted on: 30/01/12
BHP Law have just appointed their youngest ever partner, as part of the firms drive to nurture young talent.31-year-old Paul Monaghan joined just four years ago, and was last year one of five solicitors to be appointed to the new senior position of Associate.Managing parter at BHP, John Pratt, said I am delighted that Paul has accepted the invitation to join the partnership. In a relatively short period he has gained the confidence and trust of many clients and has rapidly become one of the most respected members of the BHP team.Specialist deep cleaning company, 8 Solutions have appointed a new chairman.Alan Howarth has previously held senior positions at Hewlett Packard, Ernst Young and Bass Charrington.Commenting on his new role, Alan said Joining the company at this crucial period is exciting and challenging. 8 Solutions is a key player in the specialist data centre deep cleaning and decontamination sector and currently works with the majority of the FTSE 100 companies in the UK, but the opportunities for growth are significant.Chartered surveyors and property consultants, Sanderson Weatherall, have appointed a new managing partner.Andrew Ellis has been with the firm for 23 years, and will now lead the business and coordinate and communicate the strategic objectives of its Executive Board across the entire company.Head of office for Newcastle, Richard Farr, commented Andrews strategic appointment is a boost for our business as we continue to look for ways to enhance our service offering and client base.Document management specialists Paragon UK have recruited John Fox as sales manager for the trade arm of the business.John will be responsible for managing a territory, growing business with current clients and developing prospective relationships.He said The role of sales manager at Paragon provides me with a new challenge. The business is growing and cementing its position within the trade marketplace and with that comes opportunity, which we hope to capitalise upon.North East technology solutions company Aspire have appointed aa hrefhttpbdaily.co.uknewstechnology19-01-2012sales-team-arrive-at-aspireteam of five salesaexecutives, and film and cinema promotions specialist Filmology have appointeda hrefhttpbdaily.co.uknewsbusiness27-01-2012filmology-appoints-business-development-directorJohn Ridley as business development directora.
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US fourth quarter growth disappoints
Posted on: 29/01/12
Increasing optimism that a deal would be forged between Greece and its private sector creditorswas sufficient to improve confidence around midday. It was thought that the two parties werecoming closer to a deal, which is hoped to be completed either imminently or over the weekendaccording to Olli Rehn, the EU Commissioner for Economic and Financial Affairs who was speakingin Davos. Others were however sceptical, noting such an imminent deal was expected last weekand markets already appear to have shifted their attention to Portugal. With Portugals sovereignyields at all time highs, the 5 year at 20.48 and 10 year at 15.36, it was evident that the bondmarkets believed that it would be next in line for a second bailout, and hence jitters were evidentirrespective of a Greek deal.
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Sunderland submits Green Investment Bank bid
Posted on: 27/01/12
Sunderland City Council have submitted their self assessment for their bid to host the worlds first Green Investment Bank.The fund demonstrates the Councils commitment to leveraging greater private investment in green businesses, and shows how then will meet key location criteria such as providing energy efficient accommodation. It also will draw upon established and emerging sustainable developments across the city including the Port and the Low Carbon Economic Area.Following the submission, Council Leader, Cllr Paul Watson said I have not been surprised in the least that as we have examined each of the criteria for hosting the Green Investment Bank, we have been able to demonstrate how the city can go above and beyond what the government is looking for. Sunderland is ideally placed at the gateway to off-shore wind, with enviable city-wide super-fast broadband and with multinational businesses locating here year on year.The plans also demonstrate how the Bank would fit well with Sunderlands plans to row its strong ICT and low carbon manufacturing base to benefit the local community. He added Our vision for the city as a low carbon hub for the UK will see investment in sustainable industry grow, at the same time as our intellectual capital across low carbon technologies and all parts of the green supply chain. And with the Council now examining how we could bring forward a new Community Green Fund that can drive new local jobs and provide a benchmark for other cities to follow, we are confident that Sunderland is the right place to site the worlds first Green Investment Bank.The Councils submission follows the launch of the Bank logo design competition and a wide range of endorsements from major businesses from across the region.Leader of the Conservative Group, Cllr Robert Oliver, said Our submission demonstrates the strengths of the city in that we can make the most efficient use of the Banks initial investments by providing a low cost and low carbon location at the heart of an economy focussed on renewable technologies.The Department for Business Innovation and Skills is expected to make its decision on the host location next month.
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The self-employed must beware the Taxman, says expert.
Posted on: 27/01/12
Self-employed businesspeople from across the North East should be cautious when filing in their tax returns, risking overpayment or the taxmans wrath for failing to do so.There has been a five percent increase in the number of self-employed workers in the North East, and for many the 31st January will be their first experience of a process which requires significant attention to detail. However, as well as risking penalties for late returns, many firms will miss out on tax reliefs after leaving preparation to the last minute.Start-up companies are given generous allowances, and it is even possible for individuals to claim back expenses which have occurred up to seven years before the business opens.They are also able to offset losses in the first four years of business against their net income of the previous three tax years.Stephen Hall, Tax Partner at Deloitte in Newcastle, said The government has introduced a number of measures to support entrepreneurs. As a result completing your tax return isnt just about paying what you owe, its about making sure you claim the reliefs youre entitled to.New rules for late returns this year mean individuals could still find themselves liable to a £100 penalty for late filing, even if they have no tax to pay or are owed tax.Managing cashflow is often one of the biggest challenges for businesses so seeking advice to ensure you are not paying too much tax can be a great investment. He added. Itll make those early years in business a little easier and help establish good accounting principles for the future.
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The self-employed must beware the Taxman, says expert
Posted on: 27/01/12
Self-employed business people from across the North East should be cautious when filing in their tax returns, risking overpayment or the taxmans wrath for failing to do so.There has been a five percent increase in the number of self-employed workers in the North East, and for many the 31st January will be their first experience of a process which requires significant attention to detail. However, as well as risking penalties for late returns, many firms will miss out on tax reliefs after leaving preparation to the last minute.Start-up companies are given generous allowances, and it is even possible for individuals to claim back expenses which have occurred up to seven years before the business opens.They are also able to offset losses in the first four years of business against their net income of the previous three tax years.Stephen Hall, Tax Partner at Deloitte in Newcastle, said The government has introduced a number of measures to support entrepreneurs. As a result completing your tax return isnt just about paying what you owe, its about making sure you claim the reliefs youre entitled to.New rules for late returns this year mean individuals could still find themselves liable to a £100 penalty for late filing, even if they have no tax to pay or are owed tax.Managing cashflow is often one of the biggest challenges for businesses so seeking advice to ensure you are not paying too much tax can be a great investment. He added. Itll make those early years in business a little easier and help establish good accounting principles for the future.
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Bristol Airport crowned top for business travellers
Posted on: 27/01/12
Bristol Airport has been named the top airport for business travellers at the Business Travel Awards this week. An independent panel of judges, including travel managers from major organisations such as EADS, Alcatel-Lucent, Tesco, HSBC and E.ON were impressed by Bristols proactive approach to corporate customers. A dedicated sales team works with businesses and agents across the South West to develop the airports services in line with what business passengers need.Offerings include a dedicated newsletter for business travellers, the introduction of free Wi-Fi internet access in the terminal, and plans for a business friendly boarding gate.The airport fought off competition from London City, Gatwick, Birmingham and Manchester to claim the award in front of 1,200 travel industry guests at Londons Grosvenor House.Robert Sinclair, Chief Executive Officer, at Bristol Airport, said This Award is recognition for the relationships we have built with organisations across the South West, and would not have been possible without their support. We will continue to develop our product for business travellers, working with airlines to offer the routes and frequencies required by the regions businesses.Bristol Airport handled 5.7 million passengers in 2011, with around 15 travelling on business. CIBT, specialists in business visas and passports, also fared well on the night, picking up Best Specialist Business Travel Product Provider.Mike Toynbee, chair of the judging panel, commented We were very impressed with the detail and creativity that went into the composition of all the entries, the initial judging of entries to reach the shortlist was no easy task.Thank you to everyone who took the time and effort to submit an entry - the standard across the board was incredibly high.
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Expert suggests business rates are stifling growth
Posted on: 27/01/12
Recent reforms to business rates could be stifling economic growth, suggests one commercial property specialist. Sarah Davey, who has held senior positions within the Valuation Office Agency, and is now head of business rates consultancy Ruddle Merz, suggests such reforms as rate relief for small business and empty space relief are stunting growth.She said The extension of rates relief for small businesses applies to less than one per cent of the smallest businesses in the UK.If any of those businesses start to grow they then find themselves hit with a huge rates bill, so as soon as they start to prosper, they are penalised for it. Small businesses actually managing to grow in the current economy are the key to reviving it. The Government needs to build a more supportive system which fosters the growth of small businesses, not stifles it.Sarah challenges two other Government initiatives the recent rates deferral scheme and the revision of empty space policy.She added Theoretically, rates deferment aims to help businesses hit hardest by the economic downturn, but all it does is simply give them the option to put off the inevitable. Those that take up the offer because they cannot afford to pay their rates bill will simply get a much bigger one further down the line, when theres no guarantee that their finances will be in better shape.Empty space relief for vacant business space was reduced in 2008, to just three months for office premises and six months for industrial premises, collecting the government an extra £1bn in rates.Sarah claims the policy has actually exacerbated the problem, suggesting the measures penalise those speculating and investing in property.
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Extension of funding for business apply now
Posted on: 27/01/12
The Leadership and Management Programme offers match funded support of up to £1,000 for a senior business leader to access external support to help them to grow their business.
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Bernanke bounce as Fed telegraphs extended low rates
Posted on: 26/01/12
Markets received a boost from the US Federal Reserve announcement last night that implied shortterm interest rates would be kept close to zero for a further 3 years, whilst also highlighting thatthey could restart their bond buying program QE 3. The news of cheap money and support for theworlds largest economy helped lift sentiment, with equity markets rallying at the start of Europeantrade.
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Catapult centre to stimulate UK digital businesses
Posted on: 26/01/12
A new hub will support the UKs world-leading digital businesses as they develop, test and apply new technologies.The Catapult centre aims to stimulate growth by reducing the risk associated with creating hugely profitable products and services in the future.The centre will focus on how digital media and content are traded and used the pervasiveness of digital services, addressing the impact of new technologies and systems such as cloud computing and identity management and how technology could enhance our physical lives.Help will also be given to business that are traditionally less active in the digital market place, such as health, retail and education. A transfer of knowledge from experienced sectors aims to broaden the spectrum of UK businesses that use digital technology to build profitable new business models. Business Secretary, Vince Cable said We have world leading, innovative businesses in the ICT, Digital and Creative sectors which have considerable potential for growth. For instance, a few years ago, there were just fifteen technology start-ups around Old Street and Shoreditch, now there are hundreds of high-tech companies in the area, including Holition where I am today.I and the rest of the Government want to make sure that we can maintain that position in the future, taking new technologies and using them in an innovative way to make a product or service that people want. The Connected Digital Economy Catapult will be instrumental in making sure that happens.In the coming weeks, we will be announcing the final areas that will be covered by Catapult centres, further areas where we have a cutting edge which we can support, nurture and exploit to help us rebalance the economy and deliver strong, sustainable and balanced growth.The combines market for the UKs software, ICT and creative industries today accounts for £109bn of GVA.UK e-commerce is also larger, per head, than any other country, and is forecast to grow 10 per year for the next ten years, contributing 10 of the UKs GDP by 2015.Iain Gray, Chief Executive of the Technology Strategy Board said We are extremely pleased to be supporting such an important technology area with a Catapult centre. With many, if not all, industries searching for ways to utilise digital technology, the opportunity for the Catapult will be enormous. It will also be applicable to all internet-using businesses and industries as they attempt to innovate with digital technology to provide consumers and businesses with new products and services.The Connected Digital Economy Catapult is another addition to the network of Catapult centres established by the Technology Strategy Board, including the Cell Therapy Catapult and Satellite Applications Catapult.
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North East print firm land investment
Posted on: 26/01/12
Long-established North East printing firm, MTPrint have kicked-started growth plans with £175,000 of new investment.In order to put their future development plans into action, the Darlington-based firm turned to NEL Fund Managers for investment from the Finance For Business North East Growth Fund. The company provides a range of creative design and print services, from corporate identity development and website design, through to direct mail, point of sale material and press advertisements.This money will be used to expand the firms online presence, including the introduction of a web-to-print service that could be used by customers in any location and appropriate equipment investments. Phil Harburn, joint director, commented Throughout its history, MTPrint has always made strategic investments in the right kind of new products, services and equipment, and at such a milestone moment for us, it makes perfect commercial sense to be doing so again. Enhancing the volume and breadth of work we do online is a very attractive growth option for us, especially as it will enable us to expand the amount of business we bring in from outside the region. We have a very strong in-house design team and we believe there are many opportunities for us to expand the range and volume of work they do for both existing and new clients. NEL provided a local source of investment with a strong reputation, and we had a very positive experience working through the application process with the team.The company was advised by the award-winning corporate finance team at Clive Owen Co LLP, the companys long standing accountants who are based in Darlington, Durham and York.Angus Allan, corporate finance partner, said This is an exciting and hugely positive next step for MTPrint, which leaves the company perfectly placed for many more years of success. It was a pleasure to work so closely with the team to secure this investment.Simon Johnson, senior investment executive at NEL Fund Managers, added MTPrint has built a forward-looking business on very firm foundations, and the new management team now has everything in place it needs to keep the company moving forwards.At the start of the year, MTPrint came under new management, with the appointment of directors Phil Evans and Phil Harburn, alongside chairman Mike Challands on the board, following the retirement of long-serving director Stuart Shutt.The company was established in 1924 and currently employs 16 people, dealing with contracts across a number of high-profile clients including The Bannatyne Group, the Scottish Parliament and North Yorkshire Police.
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Top comms personnel anticipate growing influence
Posted on: 26/01/12
Communications professionals see the management of their organisations reputation as their most important function.Research in the Business Leaders in Communications Study 2012, published by VMA Group, shows that media relations and advising the board on business strategy were ranked as second in importance. 95 directors of communications were surveyed to give a comprehensive picture of corporate communications. 41 of respondents had a seat on the board or management executive, and two-thirds of respondents reported into the CEO.Charlie Mayfield, chairman of the John Lewis Partnership was at the launch of the study, and urged senior communicators to think about their purpose and effectiveness, saying that he believed communication to be the most powerful lever to gain competitive advantage. The launch evening also focused on the use of social media, as communicators identified websites, digital and social media as areas that would see the greatest rise in demand. Only 15 identified the need to recruit in this area as critical however, while almost one in ten communicators do not see social media as a challenge. Some remarked that it was a flash in the pan and not used by the shop floor, yet senior communicators from the BBC, BP and GlaxoSmithKline said those who failed to embrace social media fully, would be left behind. Julia Meighan, Executive Chairman of VMA Group who commissioned the research commented The debate arising from the launch of the BLCS last night demonstrates what a truly significant and timely piece of research this is. The study will play a critical role in helping communicators and CEOs underpin their investment in corporate communications, and better demonstrate the link between reputation and profitability that Charlie Mayfield speaks of.CEOs in the financial services sector were shown to devote a higher proportion of their time to communications, as the study suggested this was a result of the continued fallout from the banking crisis. Overall, the study found that senior communicators expected their influence to increase over the next two years, but so far only report moderate board-level influence.
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Nifco UK unveil new £8.5m facility
Posted on: 26/01/12
A Teesside manufacturing firm is celebrating after it finally recieved the keys to its new £8.5m facility, which will help it grow and create further jobs in the area.The 130,000 sq ft facility in Eaglescliffe will enable Nifco UK to progress into a new phase of car parts production. The firm is now set to double its number of employees to 300 - almost double the size of its team this time last year.The company uses plastic injection moulding to produce more than 250,000 parts a day, supplying car brands including Nissan, Ford Motor Company, Jaguar Land Rover, Honda and Toyota.Managing director Mike Matthews has now recieved the keys, and will now begin preparations to move staff over next month. He commented The move to the new factory represents a very significant step forward for Nifco UK, and were delighted to have taken possession of the new building. The Yarm Road site has served us extremely well, but the growth weve achieved over the last few years has meant that it has become less and less fit for purpose. The move, I believe, will help secure the future of operations here in the North East for at least the next 20 years.The new plant, which was constructed by Tolent, will help the firm to fulfil their contracts, most recently those established with Nissan and Honda. John Wood, chief executive of Tolent, said We are pleased to have played a part in the Nifcosuccess story. We wish them every success for the future in their new premises.The new building also represents the comapnys commitment to Stockton, and will provide the local community with a much-needed jobs boost. Richard Poundford, head of regeneration and economic development at Stockton-on-Tees Borough Council, said Nifco is a real success story and its continued growth is tremendousfor Stockton. It is not only creating jobs for local people in quality manufacturing, its expansion is benefiting local businesses in the supply chain and in the construction industry.There is a real buzz in the Boroughs economy at present and Nifco is one of many companies helping to get the worldwide message out that Stockton is a good place for business and manufacturing.The new factory will also significantly reduce the firms carbon footprint. Naturally Wild, a Guisborough ecology consultancy, was drafted in to help ensure measures were put in place to protect wildlife and the natural environment in and around the site, both during the build and in the future.Graeme Skinner, director and principal ecologist at Naturally Wild, said Nifcos move to what will be a really cutting edge new factory is great news for the firm and for the people who work there. Its exciting that, after all the hard work, the factory will soon be complete, and, not only will it be fit for purpose for a growing company like Nifco, but it will also allow the firm to operate in a way that is much better for the environment.
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UK growth comes in below forecasts
Posted on: 25/01/12
There were a few economic points of notes today, kicking off the morning was the German IfoBusiness climate index, a survey of 6 month expectations of manufacturers, builders and retailers. Itcame in ahead of expectations at 108.8, the most optimistic outlook since September.
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UK growth comes in below forecasts
Posted on: 25/01/12
There were a few economic points of notes today, kicking off the morning was the German IfoBusiness climate index, a survey of 6 month expectations of manufacturers, builders and retailers. Itcame in ahead of expectations at 108.8, the most optimistic outlook since September.
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Deloittes Simon Manning on North East manufacturing
Posted on: 25/01/12
Rising energy and raw materials costs mean factories across the North East are feeling the effects of sustained upwards pressure on the price of raw materials.Natural disasters and political unrest last year have led to shortages and supply challenges of raw materials and energy.
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Event risk remains high in euro-zone
Posted on: 25/01/12
1 Further downgrades for euro-zone countries
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Event risk remains high in euro-zone
Posted on: 25/01/12
1 Further downgrades for euro-zone countries
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Better training needed, say NECC
Posted on: 25/01/12
The failure to implement strong training programmes in the regions high growth industries could severely impact on the future success of the North East.A report from the North East Chamber of Commerce NECC entitled Bridging the Gap highlights major skills gaps in literacy, numeracy and general employability among young people in the region.NECC Chief Executive, James Ramsbotham, said A skilled workforce is the most critical contributor to the success and growth of a business. Put simply, businesses with skilled employees are likely to be more efficient, more productive and more sustainable.At an event, organised jointly by the the NECC, Teesside University and Gateshead College, representatives from all three organisations will also urge the need for unity between public and private sectors and training providers to carve out a future in high growth industries.Key issues up for debate include funding, education, collaboration and brokerage, and it is hoped that it will enable the group to look for solutions to ongoing problems. Mick Brophy, managing director for business, innovation and development at Gateshead College, said Our strategic training partnerships with leading employers like Nissan sees us train their workforce through apprenticeships and tailored training programmes to create a highly skilled team, enabling the company to secure its future. Id urge as many businesses as possible to come along to this event to continue the debate on how we better bring education and business together to bridge the skills gap in our region. Laura Woods, director of academic enterprise at Teesside University, said We are fully committed to working in partnership with business and to boosting graduate employment prospects, and I greatly welcome this report and our involvement. The Bridging the Gap report formed part of a national Workforce Study of 1,200 businesses nationally by the British Chambers of Commerce, which also highlights areas where current legislation hampers growth.
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UK economy shrinks by 0.2
Posted on: 25/01/12
Economic activity shrank by 0.2 in the final quarter of 2011, figures from the Office for National Statistics show.The figures represent a preliminary estimate, and could be revised up or down by 0.2.Speaking to the BBC, the Chancellor, George Osbourne, said the outcome was disappointing, but not surprising.He said They are not entirely unexpected because of whats happening in the world and whats happening in the eurozone crisis.The truth is that dealing with those problems is made more difficult by the situation in the eurozone. The drop follows figures for the third quarter of 2011 which show GDP expanded by 0.6.It is the quarterly fall in GDP since the first quarter of 2012, when the country experience a 0.5 drop. The Forum of Private Business Chief Executive, Phil Orford, said Theres no escaping it, the figures are disappointing. But its important to put it into perspective. Quarter 4 in 2010 saw a significantly higher contraction of 0.5, which was attributed to the snowy weather, followed the next quarter by positive growth. While there wasnt a repeat of the weather for Q4 2011, there was the equally damaging eurozone debt storm which hugely dented confidence among consumers and businesses. People are erring on the side of caution and are holding back on spending and growth plans. You can also factor in to the equation two days of public sector industrial action, and a 4 drop in energy consumption due to the mild autumn. None of these helped. So its by no means certain that the economy will continue with negative growth for this current quarter, although if there is any growth it will be small. During Prime Ministers question time this afternoon, Ed Milliband accused the Government of leading with smug complacency, and challenged the notion that the eurozone crisis was to blame, suggesting that the economy was flatlining well before this. Graeme Leach, Chief Economist at the Institute of Directors, commented The tightrope walk between recession and recovery continues. Weve taken one step towards a double-dip recession, and its now probably 50-50 as to whether well take the second, with a fall in output this quarter as well.Its important to stress that the 0.2 fall in GDP is not large and could be reversed as QE2 works through the economy. But even if output does increase in Q1 well continue to experience the feel-bad jobless recovery for some time yet. Indeed, the combination of falling output and todays MPC minutes suggest QE2 could be further expanded in February.The tipping point for recession or recovery remains economic developments in the eurozone. If the euro crisis gets worse, sustaining UK recovery looks almost impossible.
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Bdaily member in the spotlight
Posted on: 25/01/12
Todays member is Berry Burgess, MD of Armadillo Creative. Berry joined Bdaily back in September 2008, and has become one of our most prolific bloggers as well as publishers of regular news articles. Across his blog posts, Berry covers subjects such as marketing comms, SEO and social media best practice. You can find a list of all Berrys blogs herea hrefhttpbdaily.co.ukblogs66httpbdaily.co.ukblogs66a.The latest news story, a hrefhttpbdaily.co.uknewsbusiness11-01-20121326283349-new-brand-campaign-development-for-the-fish-quayhttpbdaily.co.uknewsbusiness11-01-20121326283349-new-brand-campaign-development-for-the-fish-quaya is also a great read.
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Grant funding available to grow your business
Posted on: 25/01/12
The North East Leadership Management Advisory Service run by NBSL provides funding for eligible organisations whose leaders need support to enable them to develop their management capabilities and grow their businesses. If you
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Key issues raised at Bdaily debate
Posted on: 25/01/12
Last Fridays The State of The Region saw some of the regions most prominent voices in politics and business in intense discussion over the most important issues facing the North East.The panel consisted of eminent businessman Bill Midgely, Blaydon MP Dave Anderson, Newcastle North MP Catherine McKinnell, Conservative Party Spokesperson Anne-Marie Trevelyan, North East MEP Martin Callanan, businessman Jalf Ali and local serial entrepreneur, Ammar Mirza. As a precursor to the debate, each panelist was asked to outline their current views on the region. Bill Midgely, said One of our problems is that we look at short term measures and change direction far too often, and thats been one of my criticisms of the development agencies over the last 10 years or so. We come up with an economic strategy and it doesnt work within 18 months, so we just come up with another. We have to focus on one that is long-term and sustainable. Martin Callanan identified weaknesses in the private sector, noting the heavy reliance on Nissan and its associated companies, which account for 50 of the manufacturing output of the region. On the issue of unemployment, Conservative Party Spokesperson, Anne-Marie Trevelyan, said employers were finding it difficult to find a workforce with the correct skills, and suggested apprenticeships could be the answer to this challenge. Catherine McKinnell MP responded by saying she was concerned about the effect of unemployment on women in the region, and expressed her concern about the knock-on effect this would have on young people. Education arose from the discussion on employment and skills shortages, as Martin Callanan MEP suggested that local authorities had previously failed to provide the levels of education to turn out an adequate work force. This point was refuted by Dave Anderson MP, who said coalition cuts to education would damage the work done by Labour to ensure more children in deprived parts of the region attained 5 GCSEs or over.Funding was another key theme to arise around the table, as Catherine McKinnell MP suggested the Government had failed to assist businesses in accessing and drawing down European money.Problems in match-funding from the private sector to access regional development fund money was highlighted.Martin Callanan MEP said We have to live within our means, and this will affect transport infrastructure, education policy and ERDF funding.Lets look to what we can do in the future however. Within the limited resources we have available we have the regional growth fund, we have the LEPs, we have the more targeted enterprise zones so there is support going in there.Bill Midgley expressed his want for an agency that could pull funding together, and really drive forward development in the North East. Within this, he suggested such an agency should be steered more from the business community, and less by politicians, as he stated those living at the sharp end of business were best placed to inspire other businesses and make important decisions on what should be supported. Ammar Mirza echoed these sentiments, and suggested that the LEPs had not been constructed with adequate representation from the business community. Following the debate, we have tasked the panelists with drawing together a tangible action plan, detailing solutions to some of the key issues raised. The debate was filmed by Pyramid Media for the Bdaily Business News Network website, but if you would like a preview of the audio click here
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Why customer satisfaction makes business sense
Posted on: 24/01/12
Ask most people in business if customer satisfaction is important to them, and the answer will be yes. However, if asked to explain why, most people struggle to immediately quantify the benefits that providing good service brings.One of the reasons for this disconnect is the fact that theres often a degree of separation from the point in the business where service is delivered for example, by front-of-house, or fee earning staff and the point where the financial benefits are seen for example by a sales team or account manager. However, delivering great service brings three key benefits
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Facebook brings 2.6bn Euros to UK economy
Posted on: 24/01/12
Social media is making a bigger impact on business than previously imagined - with Facebook alone bringing 2.6 billion Euros to the UK economy.According to new research by Deloitte, the social network supported over 35,200 UK jobs in 2011. The report, entitled Measuring Facebooks economic impact in Europe breaks down Facebooks economic impact in Europe also breaks down across France, Germany, Spain and Italy.It measures Facebooks economic impact through a number of mechanisms, including its its day-to-day activities within Europe, and its resulting value from third parties as a result of the Facebook ecosystem.Across Europe, Facebook has enabled an economy of 15.3 billion Euros, and supports 232,000 jobs.Chris Williams, Deloitte Economic Consulting partner said Facebook embodies a new generation of social media organisations that have significant global impact and create economic value through enabling ecosystems of businesses to flourish.Traditional narrow measures of economic impact are limited and it is critical to consider the broader impact of Facebook in allowing other parties to create value across the economy.The study also highlights the value of social media for small and medium businesses, which play an integral part in the economy on the UK and Europe.
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Facebook brings 2.6bn Euros to UK economy
Posted on: 24/01/12
Social media is making a bigger impact on business than previously imagined - with Facebook alone bringing 2.6 billion Euros to the UK economy.According to new research by Deloitte, the social network supported over 35,200 UK jobs in 2011. The report, entitled Measuring Facebooks economic impact in Europe breaks down Facebooks economic impact in Europe also breaks down across France, Germany, Spain and Italy.It measures Facebooks economic impact through a number of mechanisms, including its its day-to-day activities within Europe, and its resulting value from third parties as a result of the Facebook ecosystem.Across Europe, Facebook has enabled an economy of 15.3 billion Euros, and supports 232,000 jobs.Chris Williams, Deloitte Economic Consulting partner said Facebook embodies a new generation of social media organisations that have significant global impact and create economic value through enabling ecosystems of businesses to flourish.Traditional narrow measures of economic impact are limited and it is critical to consider the broader impact of Facebook in allowing other parties to create value across the economy.The study also highlights the value of social media for small and medium businesses, which play an integral part in the economy on the UK and Europe.
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Asda announce 5,000 new jobs
Posted on: 24/01/12
Asda has announced plans to recruit 5,000 new jobs this year, on top of the 30,000 jobs created by the grocer last year.The supermarket is expected to launch a comprehensive online recruitment process to find the staff to fill 25 new stores, planned for development this year, along with extension and refurbishment of around 43 existing stores.£500m will be invested over the course of the year, increasing Asdas selling space by 600,000 sq ft.Prime Minister David Cameron welcomed the announcement, saying The additional investment and 5,000 new jobs announced by Asda today will be a real boost for the economy and more importantly for people around Britain seeking jobs.I also welcome Asdas commitment to not only create jobs but invest in their staff too offering employees the chance to join an apprenticeship scheme to gain skills which will benefit them throughout their career. The changes will be through all of Asdas store types, including superstores, small format supermarkets and Asda Living, and follows the absorption of the Danish discount chain Netto into the portfolio last year.As part of the recruitment, a number of City Guilds apprenticeships will be offered for young people. Andy Clare, President and CEO of Asda, commented I am delighted to be able to start 2012 on such a positive note, doing what we do best, creating new jobs, working with new communities and bringing Asdas low prices to families who need the value we can bring.I look forward to seeing these new stores and depots open for business and welcoming new colleagues and customers to our team. Speaking to employees at Asdas main centre in Leeds, President and CEO of Waltmart International, Doug McMillon, added Our continued investment is because we see tremendous opportunity in front of us.Im proud of the difference youre making and that we can make an even bigger difference in the lives of our customers and the communities we serve.
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Yorkshire forklift supplier expands with funding
Posted on: 24/01/12
One of the UKs largest independent suppliers of forklift truck batteries and chargers has expanded, following funding support from HSBC and Finance Yorkshire.Industrial Battery Charger Services Ltd IBCS was provided with funding from HSBCs South Yorkshire Commercial Banking team.The new facilities will support IBCSs next phase of growth, financing the purchase of new premises at Hellaby Industrial Estate to provide the space required to expand the hire division of the business.Following the deal led by Jon Gillgrass at HSBC and Karl Hodson at Finance Yorkshire, a number of new jobs will be created in the area throughout 2012.Martin Nattrass, HSBCs Area Commercial Director for South Yorkshire, said We have worked closely with IBCS since 2003, and we are pleased to continue our support as the company takes its next step.The business has enjoyed significant success and this move will allow it to continue its growth strategy, benefitting the local economy by creating new jobs.IBCS was founded in 1984, and currently employs 14 people, with a £2m turnover. Jonathan Jones, managing director at IBCS, said The financial support from HSBC and Finance Yorkshire will enable our business to implement its ambitious growth strategy.We have experience an increase in demand for hire products and the new premises will provide us with the space we need to increase our stock levels to meet demand from new and existing customers.
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McDonalds announce 2,500 new jobs across the UK
Posted on: 24/01/12
McDonalds UK has announced the creation of 2,500 new jobs across the UK this year, taking their workforce to 90,000.An estimated 30 of the new jobs will go to first-time workers, helping them to take the first steps into the world of work.More than half of the 2,500 jobs are expected to go to young people under the age of 25, and add to the 13,500 jobs that the multinational has created in this country over the last three years. Deputy Prime Minister Nick Clegg, has welcomed the news on his visit to McDonalds UK training centre in East Finchley this morning. He said It is fantastic news that McDonalds is creating 2,500 new jobs in the UK, and that over half of these posts will go to young people.McDonalds has an excellent reputation for developing its staff with training and apprenticeship programmes.This invests valuable time and resources to help young people, with little or no experience in the world of work, to develop their skills and confidence.In the end, that gives young people a terrific opportunity to move up within the company, or use their experience and training to move into other jobs.Its a telling fact that half of McDonalds current board have progressed from the shop floor to the top floor having started their careers serving customers in the restaurant.Mr Clegg attended a training course for restaurant managers and met a number of crew members, many of whom are completing nationally recognised qualifications such as apprenticeships.David Cameron added I am delighted to welcome McDonalds announcement of new jobs. McDonalds has a great record in investing in the UK and providing excellent training, apprenticeships and opportunities for its staff. CEO of McDonalds, Jill McDonald, said Despite these difficult economic conditions our continued emphasis on good quality food at affordable prices and improving the experience for our customers and our people, has meant that we are able to continue to invest in the business and create jobs.Todays job market is particularly tough for young people so it remains vital that these jobs continue to offer great training programmes that teach the valued, transferable skills that will give them a solid footing on the career ladder and help them to progress their careers with us or other employers. 2,135 of the new jobs will be in England, with a further 190 and 125 in Scotland and Wales respectively.
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McDonalds announce 2,500 new jobs across the UK
Posted on: 24/01/12
McDonalds UK has announced the creation of 2,500 new jobs across the UK this year, taking their workforce to 90,000.An estimated 30 of the new jobs will go to first-time workers, helping them to take the first steps into the world of work.More than half of the 2,500 jobs are expected to go to young people under the age of 25, and add to the 13,500 jobs that the multinational has created in this country over the last three years. Deputy Prime Minister Nick Clegg, has welcomed the news on his visit to McDonalds UK training centre in East Finchley this morning. He said It is fantastic news that McDonalds is creating 2,500 new jobs in the UK, and that over half of these posts will go to young people.McDonalds has an excellent reputation for developing its staff with training and apprenticeship programmes.This invests valuable time and resources to help young people, with little or no experience in the world of work, to develop their skills and confidence.In the end, that gives young people a terrific opportunity to move up within the company, or use their experience and training to move into other jobs.Its a telling fact that half of McDonalds current board have progressed from the shop floor to the top floor having started their careers serving customers in the restaurant.Mr Clegg attended a training course for restaurant managers and met a number of crew members, many of whom are completing nationally recognised qualifications such as apprenticeships.David Cameron added I am delighted to welcome McDonalds announcement of new jobs. McDonalds has a great record in investing in the UK and providing excellent training, apprenticeships and opportunities for its staff. CEO of McDonalds, Jill McDonald, said Despite these difficult economic conditions our continued emphasis on good quality food at affordable prices and improving the experience for our customers and our people, has meant that we are able to continue to invest in the business and create jobs.Todays job market is particularly tough for young people so it remains vital that these jobs continue to offer great training programmes that teach the valued, transferable skills that will give them a solid footing on the career ladder and help them to progress their careers with us or other employers. 2,135 of the new jobs will be in England, with a further 190 and 125 in Scotland and Wales respectively.
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Brunel University to develop energy management system
Posted on: 24/01/12
Manufacturing systems researchers at Brunel University will team up with car industry giant SEAT to develop a new energy management system for the automotive industry.The artificial intelligence-driven system will help to cut energy consumption across specific areas of the industry, such as HVAC heating, ventilation and air conditioning, by a minimum 10.EuroEnergest also involves four other partners, including the Spanish company Enertika, VTT Technical Research Centre of Finland, Universitat Politechnica de Catalunya, and Comfort Consulting Ltd.Professor Kair Cheng, Head of Brunel Universitys Advanced Manufacturing and Enterprise Engineering group, and director of the Universitys Innovative Manufacturing Collaborative Research Network, said The automotive industry is one of the main industrial consumers of energy.With a significant 1.2 of the total European industrial energy consumption, and increase in energy efficiency by the automotive industry during the manufacturing process would result in an important advance in energy saving and CO2 emissions limitation.At the same time, the automotive industry is characterised by large factories with large amounts of energy data to be considered during regular operation. Such complexity is beyond human abilities and can only be analysed by automatic ICT systems. Over the next three years, the partners will work together, with funding by the European Framework 7 programme. It is expected that the systems will interact with industrial loads and available power sources to optimise the demanded power costs, as well as maximising local and low-carbon energy sources. Validation of the system at SEATs manufacturing site will guarantee that the final system is effective and can be applied across the Audi-Volkswagen group, and to other worldwide car manufacturers in the future.Dr Richard Bateman of Brunel University, said For the Universitys part we will be leading the life cycle analysis of the total energy costs and environmental impact along the whole process, where energy and CO2 savings measurement procedures and technologies are defined and developed.Were excited about the potential of the project, and look forward to working closely with all the partners.
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livin to invest in people
Posted on: 24/01/12
One of County Durhams largest registered housing providers is celebrating after gaining Silver status from the nationally acclaimed a hrefhttpwww.i-dg.co.ukidgiipabout-2Investors in People aframework.
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Key issues raised at Bdaily debate
Posted on: 24/01/12
Last Fridays The State of The Region saw some of the regions most prominent voices in politics and business in intense discussion over the most important issues facing the North East.The panel consisted of eminent businessman Bill Midgely, Blaydon MP Dave Anderson, Newcastle North MP Catherine McKinnell, Conservative Party Spokesperson Anne-Marie Trevelyan, North East MEP Martin Callanan, businessman Jalf Ali and local serial entrepreneur, Ammar Mirza. As a precursor to the debate, each panelist was asked to outline their current views on the region. Bill Midgely, said One of our problems is that we look at short term measures and change direction far too often, and thats been one of my criticisms of the development agencies over the last 10 years or so. We come up with an economic strategy and it doesnt work within 18 months, so we just come up with another. We have to focus on one that is long-term and sustainable. Martin Callanan identified weaknesses in the private sector, noting the heavy reliance on Nissan and its associated companies, which account for 50 of the manufacturing output of the region. On the issue of unemployment, Conservative Party Spokesperson, Anne-Marie Trevelyan, said employers were finding it difficult to find a workforce with the correct skills, and suggested apprenticeships could be the answer to this challenge. Catherine McKinnell MP responded by saying she was concerned about the effect of unemployment on women in the region, and expressed her concern about the knock-on effect this would have on young people. Education arose from the discussion on employment and skills shortages, as Martin Callanan MEP suggested that local authorities had previously failed to provide the levels of education to turn out an adequate work force. This point was refuted by Dave Anderson MP, who said coalition cuts to education would damage the work done by Labour to ensure more children in deprived parts of the region attained 5 GCSEs or over.Funding was another key theme to arise around the table, as Catherine McKinnell MP suggested the Government had failed to assist businesses in accessing and drawing down European money.Problems in match-funding from the private sector to access regional development fund money was highlighted.Martin Callanan MEP said We have to live within our means, and this will affect transport infrastructure, education policy and ERDF funding.Lets look to what we can do in the future however. Within the limited resources we have available we have the regional growth fund, we have the LEPs, we have the more targeted enterprise zones so there is support going in there.Bill Midgley expressed his want for an agency that could pull funding together, and really drive forward development in the North East. Within this, he suggested such an agency should be steered more from the business community, and less by politicians, as he stated those living at the sharp end of business were best placed to inspire other businesses and make important decisions on what should be supported. Ammar Mirza echoed these sentiments, and suggested that the LEPs had not been constructed with adequate representation from the business community. Following the debate, we have tasked the panelists with drawing together a tangible action plan, detailing solutions to some of the key issues raised. Look out for the results on Bdaily Business News Network.
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Take a new direction Part-time study at Northumbria
Posted on: 24/01/12
If your New Years resolution is to get your career moving in the right or a new direction then apart-timedegree with NorthumbriaUniversitycan help you make that change. Weve over 150 courses to choose from. If youve been out of education for a while you can book a free guidance appointment with our Return to Learning Service. You can find out about access courses or the new Government tuition fee loans forpart-timeundergraduate students starting this September.
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Nifco UK secures £1.65m RGF funding
Posted on: 23/01/12
A Teesside manufacturing firm has successfully secured a £1.65 million grant from the Regional Growth Fund.Nifco UK in Stockton on Tees will put the money towards an £11 million project to equip a new factory and help the company move into the electric vehicle battery market.It will also create 128 new jobs, and safeguard a further 158.A total on £7.9 million was given to three other firms, including e2v Technologies in Essex, Bentley Motors in Crewe and Halifax Rack and Screw Cutting Co. Ltd in Halifax.Commenting on the announcement, Deputy Prime Minister Nick Clegg expressed his hope that the Regional Growth Find would help to unlock private sector investment.Creating long-term jobs and long-term growth is our number one priority for Britain. He said.The Regional Growth Fund is already helping the economy grow in every region and across a range of industries. The 641 jobs announced today is more good news for people in Teesside, Essex, Crewe and Halifax.The projects, three from round one and one from round two, successfully completed a period of necessary checks by the companies and the government to ensure the deals offer the best value for taxpayers.Business Secretary Vince Cable added Its excellent that four more companies are benefiting from the Regional Growth Fund. This support continues to provide a significant boost to the local economies, lever in significant investment and will create jobs where they are needed most. The projects will support advanced manufacturing techniques, enable RD to develop new products and improve skills, all of which are vital to support growth and help rebalance the economy.£1.64 billion has been conditionally allocated to 164 projects through two rounds of bidding. It will create and safeguard more than 330,000 jobs and is supported by more than £6 billion of private investment.
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Risk in vogue despite ongoing Greek debt negotiations
Posted on: 23/01/12
In the two years since Gary Boon co-founded up Shout Digital, the firm certainly has had a lot to shout about. As well as being named as the North East Digital Agency of the Year, the firm has also been ranked by the Recommended Agency Register and industry magazine The Drum. Proud of these achievements he may be, but it seems that Garys biggest personal achievement is actually the creation of North East jobs. In the past two years we have grown from a team of just three to 20 people, and I am very proud that I have been able to create jobs for the region. Managing Director Gary explains. The high quality service we deliver ultimately comes from the team, who have established a strong culture and drive to succeed.The firm has a number of high profile international lifestyle and corporate brands on its books, and in 2012 will exceed a £1 million turnover - representing a 400 annual increase. However, Gary refuses to take credit for Shouts exponential growth, instead choosing to credit his team for their strong design ability. We aim to deliver a quality, customer focused service as a whole team, and because we have some expert people here we can approach projects with a wealth of knowledge. He continues. The companys strong growth trend is a testament to the team, and it is them who deserve the awards and notice - I believe that they are part of Shout, rather than employed by Shout, as they all have something really positive to add.In light of these positive growth figures, it would be easy for Gary to rest on his laurels. However, he is now looking towards London where he believes the firm can offer real value for money. He said The growth of Shout Digital is indicative of a North East digital sector which ischallenging the more established agencies in London.We are now looking to establish a permanent sales office in London. However, we will always be firmly based in the North East, and all service delivery will come from up here.Strategically, this works well as we can provide competitive prices to London clients, whilst also building jobs in the North East.Looking forward, Gary now plans to implement an aggressive growth strategy, along with a number of exciting projects in the pipeline. Nonetheless, he still remains cautious.The greatest challenge is ensuring that we get the right speed of growth and not grow too big, too quickly. By creating a solid foundation, we can create a sustainable platform to expand.Its very important to be realistic. In terms of financial management the economy is nowhere near where it was, and while there are still lots of opportunities to grow, its important to stay within your remit.As the North East digital industry continues to flourish, it is clear that Gary has plans to grow with it - creating even more opportunities for individuals in the North East. My other aim for the next year is to create more jobs and hire new people. he concludes. There is alot of great talent in the region, both through other agencies and strong universities, so there is much to tap into.
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Risk in vogue despite ongoing Greek debt negotiations
Posted on: 23/01/12
In the two years since Gary Boon co-founded up Shout Digital, the firm certainly has had a lot to shout about. As well as being named as the North East Digital Agency of the Year, the firm has also been ranked by the Recommended Agency Register and industry magazine The Drum. Proud of these achievements he may be, but it seems that Garys biggest personal achievement is actually the creation of North East jobs. In the past two years we have grown from a team of just three to 20 people, and I am very proud that I have been able to create jobs for the region. Managing Director Gary explains. The high quality service we deliver ultimately comes from the team, who have established a strong culture and drive to succeed.The firm has a number of high profile international lifestyle and corporate brands on its books, and in 2012 will exceed a £1 million turnover - representing a 400 annual increase. However, Gary refuses to take credit for Shouts exponential growth, instead choosing to credit his team for their strong design ability. We aim to deliver a quality, customer focused service as a whole team, and because we have some expert people here we can approach projects with a wealth of knowledge. He continues. The companys strong growth trend is a testament to the team, and it is them who deserve the awards and notice - I believe that they are part of Shout, rather than employed by Shout, as they all have something really positive to add.In light of these positive growth figures, it would be easy for Gary to rest on his laurels. However, he is now looking towards London where he believes the firm can offer real value for money. He said The growth of Shout Digital is indicative of a North East digital sector which ischallenging the more established agencies in London.We are now looking to establish a permanent sales office in London. However, we will always be firmly based in the North East, and all service delivery will come from up here.Strategically, this works well as we can provide competitive prices to London clients, whilst also building jobs in the North East.Looking forward, Gary now plans to implement an aggressive growth strategy, along with a number of exciting projects in the pipeline. Nonetheless, he still remains cautious.The greatest challenge is ensuring that we get the right speed of growth and not grow too big, too quickly. By creating a solid foundation, we can create a sustainable platform to expand.Its very important to be realistic. In terms of financial management the economy is nowhere near where it was, and while there are still lots of opportunities to grow, its important to stay within your remit.As the North East digital industry continues to flourish, it is clear that Gary has plans to grow with it - creating even more opportunities for individuals in the North East. My other aim for the next year is to create more jobs and hire new people. he concludes. There is alot of great talent in the region, both through other agencies and strong universities, so there is much to tap into.
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Northern Film Media establishes £75,000 creative fund
Posted on: 23/01/12
The regions media industry is set for a boost, thanks to the launch of a new Creative Jobs Fund, which will make grants of up to £75,000 available to a range of film, TV and digital projects.The project, which was launched by Northern Film Media, is the first initiative of its kind to be ring fenced for the creative industries. In combination with match funding, the Fund will create an investment pot of £150,000 to stimulate the creation of new jobs in the sector.Alongside the distribution of funding, the Fund will also look at the impact that modest levels of funding can have on creating jobs and driving growth. Northern Film Media aims to create a strong commercial creative economy in the North East, and has historically generated £4 for every £1 invested. Tom Harvey, chief executive, Northern Film Media There are around 2,100 peopleworking in the North East creative industries and the sector has experienced solid growththrough relatively small levels of public subsidy over the past decade.We want to see more creative companies securing investment from centralised or non-sector specific funds.Applicants will be required to demonstrate an ability to generate or sustain new jobs, which have not previously been supported by ERDF funding. Successful bids will be judged upon their ability to generate employment and offer value for money, as well as being commercially viable in both the long and short term. He continued If they are to be successful, they will have to demonstrate an ability to generate a significant amount of jobs.This pilot fund will test the ability of the sector to deliver on the outputs expected from largerinitiatives such as the Regional Growth Fund.
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Energy companies should do more to support SMEs
Posted on: 23/01/12
The Federation of Small Businesses FSB is calling on energy companies to do more to offer SMEs the same protection as domestic customers or risk damaging local economies.New FSB research indicates that 80 of small businesses are worried about rising energy costs. Many feel they have a limited knowledge of energy options open to them and struggle to understand complicated contracts.According to Ted Salmon, FSB North East regional chairman, energy and fuel costs are the biggest barriers to growth for many members.He commented We want the energy companies to pass on the recently announced bill reductions to small and micro businesses. Given that small and micro businesses typically behave like domestic customers in theenergy market they should be treated in an equal fashion.He is now calling for greater transparency of the big six providers, simpler pricing structures, and a promise that small and micro businesses receive the same protections that demoestic customers with energy contracts have.Ted continued Alongside this the Government should be doing more to help small and micro businesses by ensuring there is greater transparency of the big six providers and introducing a more transparent pricing structure.Small and micro businesses will help lead the recovery and re-balancing of the economy in the North East and by pushing through these changes will help more to survive, grow and prosper.
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More growth for leading corporate clothing company in 2012
Posted on: 23/01/12
Following investment and growth in 2011, Durham based corporate clothing, workwear and promotional apparel specialists, Workwear Express Limited have built the foundations for further successes in 2012. The company has invested heavily across the business in the past year, and has continued to grow despite the recession hitting UK companies hard.
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Growing disparities across UK cities
Posted on: 23/01/12
The economic downturn is fueling growing disparities between the most prosperous of the UKs cities, and the poorest.The Cities Outlook report, published by the Centre for Cities, and supported by IBM and LGA, has isolated key indicators from the UKs main cities.As the national economy struggles to create enough private sector jobs to drive growth, or to counter public sector job losses, the current situation is having uneven affect across the country.In February 2008, the gap in the claimant count rate between Hull and Cambridge was 3.2, and by November 2011 this gap had widened to 6.1. The report identifies cities with less dynamic private sectors, such as Hull, Doncaster and Newport, as those places that will have greater problems in offsetting the effects of the downturn.Edinburgh, Cambridge and London were shown to be among those cities that had performed well, despite the challenging environment. Common traits were identified in these cities, as they shared strong private sectors, high numbers of skilled residents and large numbers of knowledge workers, in professions such as accountancy, law and finance.
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Growing disparities across UK cities
Posted on: 23/01/12
The economic downturn is fueling growing disparities between the most prosperous of the UKs cities, and the poorest.The Cities Outlook report, published by the Centre for Cities, and supported by IBM and LGA, has isolated key indicators from the UKs main cities.As the national economy struggles to create enough private sector jobs to drive growth, or to counter public sector job losses, the current situation is having uneven affect across the country.In February 2008, the gap in the claimant count rate between Hull and Cambridge was 3.2, and by November 2011 this gap had widened to 6.1. The report identifies cities with less dynamic private sectors, such as Hull, Doncaster and Newport, as those places that will have greater problems in offsetting the effects of the downturn.Edinburgh, Cambridge and London were shown to be among those cities that had performed well, despite the challenging environment. Common traits were identified in these cities, as they shared strong private sectors, high numbers of skilled residents and large numbers of knowledge workers, in professions such as accountancy, law and finance.
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New pilot scheme to resolve workplace disputes
Posted on: 23/01/12
The Employment Reforms Minister Edward Davey has announced the introduction of a new pilot scheme, set to teach small business in Cambridge and Manchester how to resolve workplace disputes.The regional mediation networks will provide training to employees from a group of 24 SMEs in the pilot areas, to help SMEs develop an informal method of dispute resolution. This network of trained mediators will then be able to provide mediation to other organisations in their area.Edward Davey believes that employment tribunals should be a last resort for businesses when resolving workplace disputes. He commented Mediation offers an informal method of dispute resolution and can be used at the point when problems first arise in the workplace. For both employers and employees it can mean avoiding the need for formal discipline and grievance procedures, and it can also mean avoiding the time-consuming, complex and often stressful employment tribunal process.It is hoped that the pilot will help employers and employees to help themselves, creating a more constructive and knowledgeable workforce. In particular our consultations showed SMEs are often not aware of the benefits that mediation can bring for both parties. He continued.This pilot will directly target this group, help to raise awareness of the benefits and reduce the burden on the tribunal system.The two regional pilots were created in response to the Governments Resolving Workplaces disputes consultation. It is due to run for 12 months, and if successful could be introduced into other areas of England, Scotland and Wales.
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Less than half say banks are unfair
Posted on: 23/01/12
Customer service levels have improved at retail banks, but customers are less likely to recommend their provider.According to new research by consultancy firm Accenture, the numbers of customers switching banks has declined from 16 to 11 in the last year.The survey of nearly 4,000 current account customers in the UK and Ireland showed the number who are satisfied with their bank has risen from 56 to 60 in the same period. In addition to this, the number of customers complaining about their bank was down from 17 to 13, and more customers were satisfied with the complaint handling process.Despite these positive signs, the survey indicated British customers were less likely to recommend their bank to family and friends, the number falling from 61 to 47. Less than half of customers surveyed believed their bank to be transparent and fair, or to be providing good value for money. Peter Kirk, head of Accenture Banking Distribution and Marketing Services in the UK, and author of the research, said These results show that the banks efforts to fix underlying service issues and engage better with their customers are working.However, while customers may think their own bank is doing a decent job, the banking industry as a whole still has a long way to go to rebuild its reputation and win back the advocacy of its customers.In order to rebuild relationships, banks need to invest more in improving customer service, including meeting the demands of the changing consumer, especially young people, who want to be able to do their banking when it suits them by using digital channels such as online, mobile and social media.They should also look at rewarding customers through loyalty schemes.Six percent of customers surveyed had swapped their current account, and of those 23 had experienced problems with the process although many said switching was worth it.Of those who did not switch their main current account, 90 had no desire to change providers, and the rest wanted to change but either though the process would be too risky, or that it would take too long.Mr Kirk continued With nearly a quarter of those switching their current account still experiencing problems, the industry certainly needs to tackle the shortcomings in the system to create fluidity in the market.However, there is also a clear problem that customers perceive the switching process to be overly cumbersome, which does not necessarily match reality, and this needs to be addressed.
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Less than half say banks are unfair
Posted on: 23/01/12
Customer service levels have improved at retail banks, but customers are less likely to recommend their provider.According to new research by consultancy firm Accenture, the numbers of customers switching banks has declined from 16 to 11 in the last year.The survey of nearly 4,000 current account customers in the UK and Ireland showed the number who are satisfied with their bank has risen from 56 to 60 in the same period. In addition to this, the number of customers complaining about their bank was down from 17 to 13, and more customers were satisfied with the complaint handling process.Despite these positive signs, the survey indicated British customers were less likely to recommend their bank to family and friends, the number falling from 61 to 47. Less than half of customers surveyed believed their bank to be transparent and fair, or to be providing good value for money. Peter Kirk, head of Accenture Banking Distribution and Marketing Services in the UK, and author of the research, said These results show that the banks efforts to fix underlying service issues and engage better with their customers are working.However, while customers may think their own bank is doing a decent job, the banking industry as a whole still has a long way to go to rebuild its reputation and win back the advocacy of its customers.In order to rebuild relationships, banks need to invest more in improving customer service, including meeting the demands of the changing consumer, especially young people, who want to be able to do their banking when it suits them by using digital channels such as online, mobile and social media.They should also look at rewarding customers through loyalty schemes.Six percent of customers surveyed had swapped their current account, and of those 23 had experienced problems with the process although many said switching was worth it.Of those who did not switch their main current account, 90 had no desire to change providers, and the rest wanted to change but either though the process would be too risky, or that it would take too long.Mr Kirk continued With nearly a quarter of those switching their current account still experiencing problems, the industry certainly needs to tackle the shortcomings in the system to create fluidity in the market.However, there is also a clear problem that customers perceive the switching process to be overly cumbersome, which does not necessarily match reality, and this needs to be addressed.
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Government scheme to explore hydrogen fuel cell vehicles
Posted on: 23/01/12
Business Minister Mark Prisk hopes to position the UK for commercial rollout of Hydrogen fuel cell vehicles, with the introduction of a new development programme. The Government will invest £400m to support the development, demonstration and deployment of hydrogen fuel cell powered vehicles through the UKH2Mobility scheme.It will partner Government and industry, across utility, infrastructure and car manufacturing sectors. Speaking at the launch, Mr Prisk said This country has a number of world-class companies that are developing exciting technologies in both the hydrogen energy and automotive value chains and it is vitally important that we identify what is required to make these cars a realistic proposition for UK consumers. UKH2Mobility will bring together industry expertise to establish the UK as a serious global player in the manufacture and use of hydrogen fuel cell electric vehicles and the supporting infrastructure. UKH2Mobility will deliver its report by the end of the year. If the results are positive, an action plan will be developed to get the UK ready to be one of the first markets to take full commercial advantage of Hydrogen fuel cell vehicles.
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Government scheme to explore hydrogen fuel cell vehicles
Posted on: 23/01/12
Business Minister Mark Prisk hopes to position the UK for commercial rollout of Hydrogen fuel cell vehicles, with the introduction of a new development programme. The Government will invest £400m to support the development, demonstration and deployment of hydrogen fuel cell powered vehicles through the UKH2Mobility scheme.It will partner Government and industry, across utility, infrastructure and car manufacturing sectors. Speaking at the launch, Mr Prisk said This country has a number of world-class companies that are developing exciting technologies in both the hydrogen energy and automotive value chains and it is vitally important that we identify what is required to make these cars a realistic proposition for UK consumers. UKH2Mobility will bring together industry expertise to establish the UK as a serious global player in the manufacture and use of hydrogen fuel cell electric vehicles and the supporting infrastructure. UKH2Mobility will deliver its report by the end of the year. If the results are positive, an action plan will be developed to get the UK ready to be one of the first markets to take full commercial advantage of Hydrogen fuel cell vehicles.
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The best way to start a sales call
Posted on: 23/01/12
What is the best thing to say when you first meet someone This is a regularquestion on my sales courses and one that a lot of people seem to fret over forsome reason.
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New Starts
Posted on: 23/01/12
Law firm Dickinson Dees has appointed Naeem Hashmi to its corporate team.Naeem joins the firms Yorkshire office as a solicitor from Addleshaw Goddard in Manchester.Commenting on his new role, he said Dickinson Dees has an excellent reputation for the high quality work undertaken by its corporate team and Im relishing the opportunities that my new role will bring. Residential care home Eastgate Manor, in Prudhoe, has responded to growing demand on its services by expanding its management team. Donna Davidson has joined as deputy manager at the home, which is owned by Executive Care Group.Manager of Eastgate Manor, Donna Dove, said I am delighted to welcome Donna on board to further strengthen the management team here at Eastgate Manor.North East commercial law firm, Muckle LLP, has appointed three new people its legal teams.Gail Marshall joins Muckle LLPs Property Service Group as an associate solicitor in its Corporate Real Estate Team Jonathan Bone has also joined the Property Services Group as a solicitor in the Development Team, and Henry Box has joined the Construction and Engineering Team as a paralegal, from Muckle LLPs business development team. Gail said I am very excited to be working at Muckle. The quality of the work and the range of clients is extensive and the emphasis is very much on providing excellent client service, whilst also being a very people-focused firm.
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No plans for North East wage increases in 2012
Posted on: 22/01/12
Almost 50 of businesses in the region have no plans to increase staff wages in the coming months, in an attempt to make economies for the future.
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Markets hesitant as Greek debt talks continue
Posted on: 20/01/12
There was little in the way of economic data to end the week, the most significant point of note wasthat UK retail sales rose 0.6 in December from the previous month. This equated to sales being2.6 higher than the same period of 2010 in figures that are likely to have been bolstered by heavydiscounting in the run up to this Christmas.
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New social housing for Country Durham
Posted on: 20/01/12
A local housing provider has reveled the development of 22 affordable homes in a County Durham Village.Cestria Community Housing believes that the development of the social housing in Sacriston will help regenerate the area and provide much needed affordable homes.Each bungalow will be designed to the Governments code for sustainable homes level 3, and will include a number of energy efficient features.It is an especially important announcement for Cestria, as is is their first ever development as a social landlord. Paul Fiddaman, chief executive of Cestria Community Housing commented Not only will these sustainable new homes help to regenerate Sacriston but they will also provide a much needed boost to local people looking to rent a new home. Our consultation with local residents has ensured that we have taken all views and comments into consideration before submitting our plans to the council.The project has already received £750,000 funding from the Homes and Communities Agency, and will be developed by social housing and regeneration specialists Galliford Try.Stuart Gibbons, Managing Director of Galliford Try Partnerships, said We are excited to be able to assist our partner Cestria Community Housing in providing their first housing development. This much-needed affordable housing will be a real boost to the surrounding area in difficult economic times and we look forward to providing high-quality homes for Cestrias customers. Plans will be submitted to Durham County Councils planning department for approval on January 30th and, if approved, development is expected to start May 2012.
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New social housing for Country Durham
Posted on: 20/01/12
A local housing provider has reveled the development of 22 affordable homes in a County Durham Village.Cestria Community Housing believes that the development of the social housing in Sacriston will help regenerate the area and provide much needed affordable homes.Each bungalow will be designed to the Governments code for sustainable homes level 3, and will include a number of energy efficient features.It is an especially important announcement for Cestria, as is is their first ever development as a social landlord. Paul Fiddaman, chief executive of Cestria Community Housing commented Not only will these sustainable new homes help to regenerate Sacriston but they will also provide a much needed boost to local people looking to rent a new home. Our consultation with local residents has ensured that we have taken all views and comments into consideration before submitting our plans to the council.The project has already received £750,000 funding from the Homes and Communities Agency, and will be developed by social housing and regeneration specialists Galliford Try.Stuart Gibbons, Managing Director of Galliford Try Partnerships, said We are excited to be able to assist our partner Cestria Community Housing in providing their first housing development. This much-needed affordable housing will be a real boost to the surrounding area in difficult economic times and we look forward to providing high-quality homes for Cestrias customers. Plans will be submitted to Durham County Councils planning department for approval on January 30th and, if approved, development is expected to start May 2012.
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Kwik Fit man to advise North East entrepreneurs
Posted on: 20/01/12
One of the UKs most successful businessmen will visit the North East later this month, to give advice to the regions entrepreneurs.Sir Tom Farmer, the founder of car repair chain Kwik Fit, will host a seminar on Tuesday January 31, telling his own story of success and giving advice on everything from innovation to customer service.Attendees will get the chance to talk to Sir Tom in person, receiving first-hand advice based on his 45-years in business. The event will take place at the Yours Business Networks Gateshead business hub at Delta Bank Road, Metro Riverside Park, which is owned by Morston Assets, a company which Sir Tom also joint founded.A live stream will allow viewers to participate at other Yours Business Network sites in Kings Lynn and Nantwhich to the University of East Anglia and UEA London.Jackie Ridley, centre manager at Yours Business Networks Gateshead, said Its a great coup for us to bring someone of Sir Tom Farmers calibre to the North East and for business people in the region to be able to benefit from his expertise and experience.We hope that would-be entrepreneurs from all business backgrounds will come along and see what he has to say, and also see the technology we have in place which allows us to share this experience with our other sites around the country.The event runs from noon until 2pm, and tickets are priced at £10 each, and include a light lunch.
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Retail sales rise on last year
Posted on: 20/01/12
The Office for National Statistics has revealed a 2.6 year-on-year rise in UK retail sales for the closing months of 2011, despite other statistics showing a rise in retail administrations. Sales rose by 0.6 between November and December, following heavy discounting by retailers as part of their pre-Christmas strategy. The figures are adjusted to allow for the upwards seasonal variation caused by Christmas spending. Clothing, footwear and fuel retailers drove sales volumes from December 2010, which was hit by harsh weather conditions.
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Whats on this weekend January 20-22
Posted on: 20/01/12
This weeks top pickNorthern City Rennaisance - Laing Art Gallery, Newcastle. Saturday January 21 and Sunday January 22, 2pm-5pm. Free admission.Centred on Stings commissioned painting Northern City Renaissance, Newcastle, England by contemporary American landscapist Stephen Hannock, this exhibition focuses on the Laings collection depicting the Tynes sites of industrial shipbuilding and coalmining. Hannocks paintings have often been described as luminous due to his technique of polishing successive layers of paint. He said of the city In many ways Newcastle is the everyman of post-industrial cities. The cultural resurgence currently underway is truly inspiring. CinemaWar Horse - Tyneside Cinema, Newcastle. Friday January 20, 5.40pm 8.10pm. Tickets £8 £6.95 conc.Steven Spielberg takes on Michael Morpurgos much loved childrens novel, transforming it into an epic screen version. Following the huge success of the National Theatres production, War Horse tells the story of farm horse Joey and his loving owner Albert, who goes to war in search of his beloved horse, sold to the military. Set in the trenches of WW1, Joey and Albert embark on a dangerous and emotional journey that will captivate audiences. TheatreDonna Disco - Live Theatre, Newcastle. Friday January 20 and Saturday January 21, 8pm. Tickets £10 £8 concDonna is in her early teens clumsy and fat, bland and bespectacled. Shes given a school project, to source a strangers story and present it at the annual Christmas Pageant. Suddenly her world begins to crumble as her mother goes AWOL, and an innocent crush goes hideously wrong. Directed by Laura Lindow, the Scotsman called it a sweet and tender play which skirts the margins between joy and despair. FamilyFresh Palette Illustration Course featuring Anthony Browne - Seven Stories, Centre for Childrens Books. Saturday January 21, 10.30am - 12.30pm five week course starting this weekend. For those budding illustrators, explore a range of techniques over five weeks, with the chance to develop and work on your own ideas. Visit the Seven Stories exhibitions, handle original artwork in an exclusive white glove experience and get informed about contemporary illustrators. The course culminates in a masterclass with former Childrens Laureate and best-selling illustrator Anthony Browne.Food and DrinkGibside Food Craft Market - Gibside, Rowlands Gill. Saturday January 21, 10am-3pm. Free admission.Tasty seasonal produce and high quality crafts from local farmers and produces on the first and third Saturday every month. Enjoy a range of food, drink and craft stalls, along with tasting and cookery demonstrations.
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Julia Weldons 2 hats achieves double-wammy for NBSL
Posted on: 20/01/12
Julia Weldon has recently expanded her role as a Business Adviser with NBSL and is showing that wearing two hats can benefit businesses both her own organisation which is a respected and well established accredited Enterprise Agency, and the customers it serves.
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Bdaily and ABC host first Regional debate
Posted on: 20/01/12
Bdaily Business News Network is joining up with Asian Business Connexions to host the first debate on The State of the Region.The event, which will be held at the Literary and Philosophical Society Library in Newcastle, will give some of the regions biggest business named and political figures to discuss some of the most important issues facing the North East. The debate will form part of a special edition of Ammar Mirza and Jalfs Show Business radio show, and will be broadcast live on Spice FM. It will also be filmed by Pyramid Media for the Bdaily Business News Network website. Local Asian serial entrepreneur and Secretary General of ABC- Ammar Mirza highlighted his excitement of participating in this unique debate This debate is a great launchpad for hearing business and political leaders share their views, opinions and insights into the region, and more specifically how they are going to support us locally, and represent us nationally. We are appreciative of our partnership with Bdaily that clearly demonstrates two uniquely dynamic, and positively progressive organisations that are the epitome of great business network collaboration.Topics up for debate will include the issues affecting the regional job market, the best way to support businesses and the need for strong regional leadership to guide us into the future.Individuals set to debate these issues are leader of the Geordie Nation Sir John Hall, eminent businessman Bill Midgely, Blaydon MP Dave Anderson, Newcastle North MP Catherine McKinnell, Conservative Party Spokesperson Anne-Marie Trevelyan and North East MEP Martin Callanan. Each individual is well known for their strong support for the North East economy, and in the course of the discussion it is hoped that real life issues will be brought to life by the individuals who can instigate real change for the region.Siobhan Bales, Managing Director of Bdaily Business News Network believes the debate will give businesspeople in the region a real insight into the future of the North East economy. She commented Bdaily is committed to publishing what is truly impacting on business. This series of debates is part of our work to get behind the issues, strip them down and deliver a clearer understanding of what the challenges are, and how our elected bodies, business leaders and influencers are setting about solving them. Although we operate as an impartial news publisher, Bdaily takes our role as a news provider very seriously, and believe we need to challenge our leaders, as well as continue to inform our members as accurately and helpfully as possible. Mr Mirza continued We are appreciative of our partnership with Bdaily that clearly demonstrates two uniquely dynamic, and positively progressive organisations that are the epitome of great business network collaboration. This working togetherness for the benefit of all, is further promoted by broadcasting on Spice FM and Pyramid Media filming the debate, so that a wider audience can get involved. Jalf Ali and I are really excited about our unique radio show being broadcast live remotely from the great Literary and Philosophical Society of Newcastle.
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Barclays leads FTSE to multi-month highs
Posted on: 19/01/12
There was initially an absence of significant news to push equity markets in any specific direction upon opening this morning, as has been the case over the last few days as indices however around multi-month highs. Recent risk appetite has been driven by improving economic data form the US, an increasing likelihood that the Chinese authorities will ease monetary policy, and improving bond yields in Europes troubled periphery.
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Tait Walker pledge to raise £75,000 for 75th anniversary
Posted on: 19/01/12
To celebrate its 75th year in business, a local chartered accountancy firm has pledged to raise £75,000 for some of the regions charities.Tait Walker made the decision to give something back to the North East community who have supported them over the past eight decades, and now the firms 140 staff will take part in a rage of activities to raise the cash. Employees have already kicked off proceedings with a get fit in January pledge, and will take part in a range of activities, including the Three Peaks Charity Challenge and the Coast Castles bike ride.Managing Partner David Arthur, who joined the company in 1977, said By setting ourselves the challenge of raising £75,000 for local charities, the staff at Tait Walker are marking what is an impressive milestone for the company the team are really proud of what we have achieved over the years but we wouldnt be where we are without the support of the North East community. One of the main secrets to our success has been that we are a sustainable business with a sustainable outlook on practices such as management and staff development, for example we were recently awarded a Gold Investors in People accolade, putting us in the top 1 of elite UK businesses holding IIP accreditations in the UK. The firm, who has offices in Tyne and Wear, Northumberland and Tees Valley, have pledged to split the total between a number of local charities, including Great North Air Ambulance, Tiny Lives and Macmillan Cancer Support.
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Government measures to reduce costs faced by universities
Posted on: 19/01/12
The Government has proposed measures to reduce the costs universities face, helping them to focus resources on world-class teaching and research.Delivering the Politeia Winter Address, Universities and Science Minister David Willetts announced an agreement with HM Treasury, which will drive efficiency by encouraging closer collaboration.Mr Willetts, said We are asking universities to become more efficient, and we are helping them to do so. Just this week, I have written to Eric Thomas at Universities UK to give him the good news about the Treasurys agreement to exempt shared services from VAT. The Treasury has confirmed that, under the principle of direct effect, universities can immediately benefit from this decision, and I know it will be welcomed by institutions.The Minister also responded to calls from universities about the cost of data collection.He said I have discussed the issue of data collection with people from across the HE sector, and there is a widespread desire to go back to first principles.We need to establish precisely what information we already collect, what we actually need and why, and to reconcile the two, so that collection is useful and proportionate for all institutions concerned.Im pleased that the information Landscape project, launched last month, and with input from all parts of the sector, is seeking answers to these essential questions.The project website goes live tomorrow. Participants will be identifying any quick wins for easing the burden on universities, as well as publishing a road map for implementing a simpler model overall. He went on to announce a review of philanthropy in the higher education sector, lead by HEFCE, and suggesting ways for universities to successfully establish fundraising as part of their culture.The importance of international students was also noted, as Mr Willetts relayed the findings of the Tracking International Graduate Outcomes research, published today.He noted that four fifths of international students feel their UK degree was worth the financial investment, and that they achieve markedly higher average salaries in their home countries.
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Meet successful entrepreneurs at The National Franchise Exhibition
Posted on: 19/01/12
Two successful entrepreneurs, including one of Alan Sugars original apprentices, are among the many industry experts set to share the secrets of their success at the Growing Your Own Business seminars at The National Franchise Exhibition taking place on 24 25 February 2012 at the NEC, Birmingham.
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Sales team arrive at Aspire
Posted on: 19/01/12
North East technology solutions company Aspire is continuing with its significant recruitment drive by appointing a team of five experienced sales executives.
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Meet NBSLs Sylvia Grainger, Director of Programmes
Posted on: 19/01/12
Having worked in the business support arena for 20 years, Sylvia Grainger, recently appointed as Director of Programmes at NBSL and prior to that NBSLs Enterprise Services Manager, has seen many changes to the programmes available to new start and existing businesses.
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Business distress rises in North East
Posted on: 19/01/12
Business distress levels in the North East are continuing to rise, despite a falling trend across the UK as a whole.Research by business rescue and recovery specialist Begbies Traynor suggests that significant problems in the region grew by 15 year-on-year, in the final quarter of 2011.As the national average in the UK for the same period saw a fall of 10, North East businesses continue to struggle as instances of significant distress rose from 2,057 in Q4 2010, to 2,367 in Q4 2011.Instances of critical distress appeared to be stabilising with a 2 fall during the same period, dramatically below the 24 UK average.Andy Haslam, partner at Begbies Traynor in Newcastle, said Although the figures show that the North East is still faring worse than most other parts of the UK, it is encouraging that the levels of distress seem to be slowing following the third quarter of 2011 when we saw distress in the region higher than anywhere else in the country.The slowing of instances of the more advanced critical distress indicates that the worst effects of the public sector cuts have now been felt in the North East although the region is still suffering from the general spread in distress across numerous sectors and regions of the UK economy.Even London, which is usually insulated from distress, has seen levels rise significantly, and every industry sector from manufacturing to professional services has now been affected over the course of the past 3 years.Business to business support services continued to be hardest hit among the sectors, with a rise of 22 in significant problems, followed by the construction sector, where distress rose 12.Across the UK professional services were affected, which in the North East remained static at 5, and hotels and accommodation which experienced a 4 fall.The largest number of businesses facing critical problems, predominantly CCJs over £5,000 or winding up petitions, were in construction, followed by the business to business support sector.Bars and restaurants saw a rise from 2 to 5 and professional services rose from 2 to 3.
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IMF seeking to bolster its firepower to 1 trillion
Posted on: 18/01/12
The unemployment rate for the UK came in at 8.4 today, although forecasters had expectedno change on last months 8.3 rate. This meant that a total of 2.68 million people were outof work, increasing by 118,000 over the last three months. This came despite a lower thananticipated claimant count change for December, during which only 1,200 extra people signed on forJobseekers Allowance.
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Business distress rises in North East
Posted on: 18/01/12
Business distress levels in the North East are continuing to rise, despite a falling trend across the UK as a whole.Research by business rescue and recovery specialist Begbies Traynor suggests that significant problems in the region grew by 15 year-on-year, in the final quarter of 2011.As the national average in the UK for the same period saw a fall of 10, North East businesses continue to struggle as instances of significant distress rose from 2,057 in Q4 2010, to 2,367 in Q4 2011.Instances of critical distress appeared to be stabilising with a 2 fall during the same period, dramatically below the 24 UK average.Andy Haslam, partner at Begbies Traynor in Newcastle, said Although the figures show that the North East is still faring worse than most other parts of the UK, it is encouraging that the levels of distress seem to be slowing following the third quarter of 2011 when we saw distress in the region higher than anywhere else in the country.The slowing of instances of the more advanced critical distress indicates that the worst effects of the public sector cuts have now been felt in the North East although the region is still suffering from the general spread in distress across numerous sectors and regions of the UK economy.Even London, which is usually insulated from distress, has seen levels rise significantly, and every industry sector from manufacturing to professional services has now been affected over the course of the past 3 years.Business to business support services continued to be hardest hit among the sectors, with a rise of 22 in significant problems, followed by the construction sector, where distress rose 12.Across the UK professional services were affected, which in the North East remained static at 5, and hotels and accommodation which experienced a 4 fall.The largest number of businesses facing critical problems, predominantly CCJs over £5,000 or winding up petitions, were in construction, followed by the business to business support sector.Bars and restaurants saw a rise from 2 to 5 and professional services rose from 2 to 3.
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Students shun big firms for self-employment
Posted on: 18/01/12
Increasing numbers of students and graduates are turning towards self-employment as a viable career option, thanks to a pioneering new initiative.The Young Enterprise Start-up Programme, has helped over 1,586 students from across the UK to create their own company in the first six months of this academic year alone. Young Enterprise believe that the final total could reach 2,000 students, a 40 increase on the 2010-11 academic year.As more institutions look to get involved with the scheme, Young Enterprise is now searching for more business volunteers to mentor 18-25 year olds running their own businesses. The positive uptake from indivudals on the scheme showns that many entrepreeurial young people are choosing to start their own businesses, rather than wait for major firms to begin hiring again. Ideas range from tea, web design and kitwear, and some have already proved to be very profitable.Catherine Marchant, Young Enterprise interim Chief Executive said These powerful figures indicate the number of graduates starting their own business is increasing because of the recession. With the graduate job market slowing, anyone whos got a business idea has an even greater incentive to go ahead with it. As there are fewer safe jobs out there its a good time to take that risk.Adam Soliman, who did start-up at Newcastle University set up his specialist tea business Charbrew in 2009. This year he is heading for a £500,000 turnover.He commented Young Enterprise gave me great insight into the initial structure of setting up a business, registering a company, setting up bank accounts, partnership agreements, trading terms etc. It also demonstrated to me how much time and effort is required to make a business work and especially on a collaborative group level.Catherine added Thanks to the generosity of our supporters, Santander bank, Young Enterprise is there to help them carve their own futures. It is a massive demonstration of the power of enterprise education to transform young peoples lives and make a substantial contribution to the revival of the British economy.
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First privately owned electric vehicle charger opened
Posted on: 18/01/12
The UKs first privately-owned direct current charging station for electric vehicles has been opened by Transport Minister, Norman Baker.ABB, the power and automation technology group installed the charger at the offices of printing company RCS PLC in Retford, Nottinghamshire.RCS aims to become the greenest producer in its industry, and bought the charger with financial support from the Midlands Plugged-in Places project, part of wider government sites to develop charging infrastructures across the UK.The station will be used to charge the companys fleet of sales and delivery vehicles, but will also become part of the Plugged-in Midlands public charging network. Senior vice president and general manager of ABBs Product Group EV Charging Infrastructure, Hans Streng, said The adoption of electric mobility is a reality. All major car brands have either already introduced their electric car models or are planning a launch within the next 1 to 2 years.In the meantime, the rollout of charging infrastructure is accelerating across Europe. Fleet owners, utilities, service operators and car-OEMs are convinced of the need for DC rapid charging.The possibility to quickly recharge will help potential buyers overcome the hurdle of range anxiety.Thats why the UK needs DC charging, in addition to the existing AC infrastructure, to further drive electric mobility.Rapid charging aims to reduce charging times from 8 hours, to between 15-20 minutes, in a bid to alleviate concerns about the limited range of electric vehicles.The rollout of a nationwide recharging infrastructure will play a vital part in incentivising potential buyers of electric cars. Norman Baker commented We know there is public appetite out there for plug-in vehicles and were doing everything possible to make them a real option for both motorists and industry.The installation of this charging station will not only make it easier and faster for electric-vehicle owners to recharge away from home, but demonstrates how our Plugged-in Places programme is helping to stimulate private investment in vital infrastructure.There is no doubt that low-carbon vehicles are here to stay, and we will continue to work with industry to create a world-leading charging network that really reflects the need of its users.Plugged-in Midlands is managed by Cenex in conjunction with Central Technology Belt, and is supported by the Office for Low Emissions Vehicles. Robert Evans, Cenex CEO, said DC charging provides an exciting, fast complement to the AC charging infrastructure and through working with ABB weve enabled RCS to create a UK first, to help encourage electric-vehicle adoption.We believe that this successful implementation will spur other organisations, in both the public and private sector, to become part of the growing electric infrastructure that is powering change in the Midlands.
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Unemployment rises to 2.68 million
Posted on: 18/01/12
Unemployment across the UK rose by 118,000 in the three months leading up to November.The Office for National Statistics has revealed levels of unemployment topped 2.68 million, and the unemployment rate was 8.4 of the economically active population.It is the highest rate since 1995, and the worst hit region was the North East at 12, whereas the South East presented the lowest unemployment at 6.4. Figures show there were 9.29 million economically inactive people aged from 16 to 64, down 61,000 on the quarter.The number of young jobless continued to rise to 1.043 million, and showed 22 of 16-24 year-olds were out of work.Carmen Watson, Managing Director of Pertemps Recruitment Partnership, said, Although there has been a boom in temporary employment over Christmas, this is the time when the greatest challenge will be presented to the job market as many industries enter a quieter period. Retail in particular has taken a battering at the start of the year with the failure of high street stores bringing about job losses.The key step to reviving the employment picture is focussing on enhancing skills and considering roles in industries where there is still a call for talented, hard working people. This will require a greater deal of flexibility on the part of applicants and an amenable, yet determined attitude. Jobs are still out there but in many situations they may be in areas you might not have thought of.
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How to make your website work better
Posted on: 18/01/12
Nick Reavill, co founder of a hrefhttpwww.supersimpleshop.comwww.supersimpleshop.coma, the innovative software that allows businesses to set up their own fully transactional websites at the click of a button, shares his thoughts on how to refresh and improve your existing website without having to spend a penny.
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Businesses should plan ahead for next RGF
Posted on: 17/01/12
SINCE the launch of the Regional Growth Fund in 2010, the North East has seen around £150m worth of grant funding awarded to businesses based in the region. This has been the trigger to stimulate investment of over £1bn by a diverse range of businesses involved in a wide variety of activities throughout the area.
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Businesses should plan ahead for next RGF
Posted on: 17/01/12
SINCE the launch of the Regional Growth Fund in 2010, the North East has seen around £150m worth of grant funding awarded to businesses based in the region. This has been the trigger to stimulate investment of over £1bn by a diverse range of businesses involved in a wide variety of activities throughout the area.
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TUC warn job cuts could spell regional disaster
Posted on: 17/01/12
National trade union, TUC, has warned that the additional job cuts in the public sector, announced in Novembers autumn statement, will devastate regional labour markets and make finding a job tougher.Ahead of tomorrows unemployment figures, the union said redundancies across the NHS, local government, the civil service and education would seriously damage local economies. 710,000 jobs are set to go, and TUC has used existing regional unemployment figures to determine which parts of the UK will be hardest hit.The North East and Northern Ireland look set to be worst off between now and 2017, when all the jobs have disappeared, while the South East and East of England will be less affected.TUC calculations suggest that by 2017 Northern Ireland is likely to see 25,992 jobs 3.2 lost across public services, and the North East will lose 32,668 jobs, representing 2.9. TUC General Secretary, Brendan Barber, said Tomorrows figures are unlikely to bring good news. For the 2.6 million people currently without work, their prospects of finding a job look ever harder, and with thousands of jobs set to go across our public services while private sector job creation stagnates, the picture is set to get much, much worse.Apart from the huge effect that the job cuts will have upon the provision of public services across the UK, mass redundancies across the public sector are bad news for our struggling economy, and will have a devastating impact upon local high streets, as newly-unemployed public sector workers simply stop spending.The government needs to devote much more time and energy towards solving our growing jobs crisis. Instead its making the problem worse, cutting jobs in the public sector and failing to secure growth to protect private sector employees.
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TUC warn job cuts could spell regional disaster
Posted on: 17/01/12
National trade union, TUC, has warned that the additional job cuts in the public sector, announced in Novembers autumn statement, will devastate regional labour markets and make finding a job tougher.Ahead of tomorrows unemployment figures, the union said redundancies across the NHS, local government, the civil service and education would seriously damage local economies. 710,000 jobs are set to go, and TUC has used existing regional unemployment figures to determine which parts of the UK will be hardest hit.The North East and Northern Ireland look set to be worst off between now and 2017, when all the jobs have disappeared, while the South East and East of England will be less affected.TUC calculations suggest that by 2017 Northern Ireland is likely to see 25,992 jobs 3.2 lost across public services, and the North East will lose 32,668 jobs, representing 2.9. TUC General Secretary, Brendan Barber, said Tomorrows figures are unlikely to bring good news. For the 2.6 million people currently without work, their prospects of finding a job look ever harder, and with thousands of jobs set to go across our public services while private sector job creation stagnates, the picture is set to get much, much worse.Apart from the huge effect that the job cuts will have upon the provision of public services across the UK, mass redundancies across the public sector are bad news for our struggling economy, and will have a devastating impact upon local high streets, as newly-unemployed public sector workers simply stop spending.The government needs to devote much more time and energy towards solving our growing jobs crisis. Instead its making the problem worse, cutting jobs in the public sector and failing to secure growth to protect private sector employees.
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Job security fears push sick employees into work
Posted on: 17/01/12
Fears of the current economic climate could be forcing up to a third of staff into work when sick, research suggests.The study of 1,600, conducted by health charity Nuffield Health, found that 30 of workers are now more inclined to go to work sick as a result of the current economic climate around half citing job security as the most important factor in their decision. Overall, nearly three quarters of respondents said they had gone into work last year whilst sick, and more than half went in with a contagious illness such as flu or a cold in the past year.Marcus Powell, Managing Director, Nuffield Health, Corporate Wellbeing, said Employees going into work sick costs business dearly, up to £15 billion a year. Our research shows the economic downturn has made people more likely to go into work sick often because they fear losing their job. This is bad for business. At Nuffield Health we work with more than 1,000 corporate clients to help them maintain a healthy workforce. The corporate world knows that staff well-being directly affects their profits. That is why more and more businesses are providing good clinical and fitness experts for their workers.The research showed those aged between 16-24 were the most likely to go into work sick, nearly half confirming they would because of the downturn.
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Computer technology to advance in 2012
Posted on: 17/01/12
Computer technologies are set to advance rapidly in 2012, with retailers set to sell record numbers of smartphones and tablets over the coming year. This will be good news for North East technology firms, but will also force content owners, network operators and retailers to respond to demands which will come with the increase in numbers of multi-tablet households. Rob Seldon, Head of Technology, Media and Telecommunications TMT at Deloitte in the North East comments This years predictions cover a range of topics, including the demand for consumer technology, the rise of the multi-tablet owner, 3D printing and the growth of big data.The tablet explosion has shown little sign of slowing down since hitting the market in 2010 and is set to take the mantle of the most rapid multiple market penetration in history.Around 5 million tablets will be sold to people who already own one in 2012, generating up to £1.3 billion in revenue for technology businesses. However, the dollar value may be flat, meaning that consumers will be drawn to products offering the latest gadgets and technologies.Julian Hunt, TMT director at Deloitte in the North East, adds The storage technology used for the worlds consumer devices is mostly taken for granted by consumers by the increasing desire for smaller, lighter gadgets and increasing acceptance of cloud-based services could provide a boost for the solid-state drive vendors.By the end of 2012, solid state storage for small devices such as MP34 players, smartphones and tablets will likely account for 90 per cent of the market, compared to 20 per cent in 2006, and a sixth of the laptop segment.
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UK inflation falls in December
Posted on: 17/01/12
The Consumer Prices Index CPI inflation fell to 4.2 in December, the biggest monthly fall since April 2009.
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UK inflation falls in December
Posted on: 17/01/12
The Consumer Prices Index CPI inflation fell to 4.2 in December, the biggest monthly fall since April 2009.
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Champions on camera
Posted on: 17/01/12
Twoa hrefhttpwww.i-dg.co.ukidgiipiip-championsInvestors in People Championsafrom the North of England have featured in a new video released by the UK Commission.
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Mortgage lending experiences growth in 2011
Posted on: 16/01/12
Mortgage lending in November of last year saw a year-on-year rise, for only the second time in 2011.According to the Council of Mortgage Lenders, loans for house purchase totalled 47,000 in November, a 4 rise from October, and a 3 rise compared to November 2010.Remortgaging also increased, as there were 31,200 loans, rising from 30,700 the previous November. The volume of loans taken out by first time buyers was up by 4, and home mover loans increased by 5. First time buyers continued to see a decline in the proportion of their income accounted for by mortgage interest payments 12.2 in November, compared to 12.3 in October and 13 in November the previous year.Interest payments for home movers maintained 9.2 proportion for the second month, representing the lowest proportion in nine years.A likely rise in interest rates spurred 65 of all borrowers to take out a fixed rate mortgage in November, marking their highest point in more than two years.The majority of borrowers chose repayment mortgages 98 of first time buyers 83 of movers and 79 of remortgagers.Director of the Council of Mortgage Lenders, Paul Smee, said A rise in mortgage lending towards the end of 2011 is a welcome indicator for the industry considering confidence has been weak due to fragile economies both at home and in the Eurozone. We should expect a further increase in first-time buyer activity over the next few months as they push through their purchases to take advantage of the stamp duty concession before it ends in March.
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UKTI plots SXSW mission for digital firms
Posted on: 16/01/12
A UKTI trade mission to SXSW in Austin, Texas is set to benefit a number of innovative UK digital businesses. The annual music, film and interactive industry hub is spread across venues throughout the city of Austin.Between March 8-13, the trade mission will visit the festival, taking part in a number of activities hosted by sector experts and local contacts, designed for companies looking to expand their business or seek investment from overseas.Among the those preparing themselves for the trip are two North East businesses advertising network, Addiply, and online music service, sharemyplaylist.com.Founder and director of sharemyplaylist.com, Kieron Donoghue, said We already go over to the States once every couple of months, but this will give us an opportunity to meet valuable contacts in record companies, and tech businesses.Its important for us to maintain a B2B and a consumer profile, and the UKTI trip will mean we can do both.On the trip, delegates will learn about the US market, its drivers, how to win business and getting noticed. Rick Wagthorn, CEO of Addiply hopes the mission will provide an opportunity to raise the profile of his digital advertising exchange. He said We have already seen interest from an organisation that covers Philadelphia and Florida, so SXSW will allow us to gain further reach.We are hoping to introduce and demonstrate a working model to the US, showing that our business can replace traditional local ads sales forces.Much of this trip will not only be focused on building new contacts, but also re-networking with contacts we have previously met in the US. Applications are open to UK-based SMEs operating in the digital sector through a competitive selection process.
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UKTI plots SXSW mission for digital firms
Posted on: 16/01/12
A UKTI trade mission to SXSW in Austin, Texas is set to benefit a number of innovative UK digital businesses. The annual music, film and interactive industry hub is spread across venues throughout the city of Austin.Between March 8-13, the trade mission will visit the festival, taking part in a number of activities hosted by sector experts and local contacts, designed for companies looking to expand their business or seek investment from overseas.Among the those preparing themselves for the trip are two North East businesses advertising network, Addiply, and online music service, sharemyplaylist.com.Founder and director of sharemyplaylist.com, Kieron Donoghue, said We already go over to the States once every couple of months, but this will give us an opportunity to meet valuable contacts in record companies, and tech businesses.Its important for us to maintain a B2B and a consumer profile, and the UKTI trip will mean we can do both.On the trip, delegates will learn about the US market, its drivers, how to win business and getting noticed. Rick Wagthorn, CEO of Addiply hopes the mission will provide an opportunity to raise the profile of his digital advertising exchange. He said We have already seen interest from an organisation that covers Philadelphia and Florida, so SXSW will allow us to gain further reach.We are hoping to introduce and demonstrate a working model to the US, showing that our business can replace traditional local ads sales forces.Much of this trip will not only be focused on building new contacts, but also re-networking with contacts we have previously met in the US. Applications are open to UK-based SMEs operating in the digital sector through a competitive selection process.
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Businesses warned about self-assessment tax returns
Posted on: 16/01/12
Businesses are being warned about new penalties for late submission of self-assessment tax returns, which could prove expensive.KPMG are advising businesses to adhere to the January 31 deadline, highlighting the need to register to file online in time.Dermot Callinan, KPMGs Northern based UK head of private client advisory, said Even those who have no tax to pay will face fines of at least £100 for being just one day late.This could increase to £1,000 if returns are not submitted by the end of July 2012.The deadline for submitting self assessment tax returns is fast approaching. The paper deadline of October 2011 has past so they must be filed online to avoid the £100 late filing penalty.Given this is the first year of the new process, Mr Callinan said he expected some people to be caught out.He highlighted that it takes up to 10 days to register for self assessment online, and encouraged businesses to do so as soon as possible.
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Businesses warned about self-assessment tax returns
Posted on: 16/01/12
Businesses are being warned about new penalties for late submission of self-assessment tax returns, which could prove expensive.KPMG are advising businesses to adhere to the January 31 deadline, highlighting the need to register to file online in time.Dermot Callinan, KPMGs Northern based UK head of private client advisory, said Even those who have no tax to pay will face fines of at least £100 for being just one day late.This could increase to £1,000 if returns are not submitted by the end of July 2012.The deadline for submitting self assessment tax returns is fast approaching. The paper deadline of October 2011 has past so they must be filed online to avoid the £100 late filing penalty.Given this is the first year of the new process, Mr Callinan said he expected some people to be caught out.He highlighted that it takes up to 10 days to register for self assessment online, and encouraged businesses to do so as soon as possible.
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Think tank suggest UK already in recession
Posted on: 16/01/12
Economic forecaster ITEM Club has suggested the UK may have already slipped back into recession. The Ernst and Young sponsored think tank said figures for the first quarter of this year could show a shrinking GDP. Political uncertainty in the Eurozone has paralysed the UK recovery, suggests the report, which forecasts a GDP growth of 0.2 this year.Professor Peter Spencer, chief economic advisor to the Ernst Young ITEM Club explains Figures for the last quarter of 2011 and the first quarter of this year are likely to show that we are back in recession and we are going to have to wait until this summer before there are any signs of improvement. But its not going to be a repeat of 2009 we are not going to see a serious double dip. This time around, UK PLCs have strong balance sheets and have built up large cash stockpiles, which will provide a useful insurance policy if the situation deteriorates further. Business spending has already been cut back heavily. However, with business confidence faltering, investment and recruitment are likely to remain on hold until stability returns. In the labour market, sluggish levels of private sector recruitment will be unable to offset job losses in the public sector, argues the report. ITEM say that unemployment will be just shy of the 3 million mark in the first half of 2013, representing 9.3 of the UKs labour force.Professor Spencer added We are expecting to see another 300,000 unemployed this year, which is relatively modest when compared to the increase in 2009, but this is adding to an already lengthy dole queue. The only piece of good news for UK households is that inflation should fall back below 2 this year, as commodity prices weaken and the VAT rise drops out of the calculation. We will have a bit of extra cash in our pockets, but concerns over rising unemployment are unlikely to see consumers rushing back out onto the high street. As exports accounted for most of last years growth, adding 0.9 percentage points to GDP, exports to markets outside of Europe will be vital to the UK recovery, said the report. This is despite worries over political uncertainty in China and other emerging markets in 2012. It was suggested that firms who are looking forward to a return to business as usual are in for a nasty shock. The predicted 3 growth in exports will depend heavily on the UKs ability to continue to re-orient exports away from the Eurozone to the likes of India and Indonesia.Mark Hatton, office managing partner at Ernst Young in Newcastle, said Many North East companies already manufacture for export. However, they rely heavily on traditional trade partners in the Eurozone, and must alter the business as usual approach. It is imperative they assess their long-term business models and adapt them in a manner that prepares them for new markets. No-one can say for certain how the Eurozone crisis will pan out. Doing nothing is simply not an option.
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Too much box-ticking in risk management practices
Posted on: 16/01/12
Many companies are not prepared for what PwC has called the new risk landscape.A new paper from the professional services firm suggests that too few organisations have adequate risk management practices, and that many are being outpaced by an era of catastrophic black swan events.Black swans turn grey the transformation of risk, calls for businesses to become more agile and innovative in order to combat events such as terrorist attacks, tsunamis or oil spills.It suggests some firms practices are worryingly incompetent and by updating archaic practices, they could achieve wider risk resilience.Richard Sykes, PwC governance, risk and compliance leader, said The risk landscape is changing, and established risk management approaches need to be updated to keep pace. Many organisations currently have the wrong focus. They major on financial and operational risks and crucially regard risk and strategy as separate rather than seeing risk-taking as a key source of value creation. But the world where risk events could be predicted, and their impacts controlled, is fast disappearing.By their nature, black swan events should only occur at unpredictable intervals. Yet recent experience suggests events that fit this definition are happening more frequently. Rather than being infrequent outlier events, it seems they are now part of a faster-changing and more uncertain world, which makes it hard for businesses to understand where new risks are going to come from.The paper suggests that current practice, enterprise risk management ERM, is no longer fit for purpose, and can simply lead to box-ticking, process-led approach.A lack of proper focus can leave large organisations with blind spots, where a high-impact risk could damage or destroy the business.Proper risk management practice can boost a companies reputation it is argued, and even make them more appealing to prospective clients, giving a competitive edge. Armoghan Mohammed, PwC risk partner, said By understanding todays risk landscape, organisations can progress from managing specific risks to achieving wider resilience. What is needed is a new, more flexible and holistic approach to risk management that develops a risk aware culture and fosters an explicit focus on risk appetite. This will provide a clearer ownership of risks at leadership levels, with risk awareness and accountability shared across the organisation through a common risk culture. It can also give a higher market rating. Theres growing evidence that businesses that are seen to truly embed a risk-aware culture and behaviours are valued more highly by the markets.Crucially, ultimate responsibility for driving and embedding this change lies not with the risk function, but with the board. Its their duty to embed the right risk culture and behaviours, supported by an appropriate rewards structure. The resulting awareness and scrutiny of risk at all levels in every business decision will help to protect the organisations reputation, and further enhance its resilience in an uncertain world.
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Clegg calls for John Lewis economy
Posted on: 16/01/12
Deputy Prime Minister Nick Clegg has this morning called for more companies to adopt a model of employee share ownership.In a speech at an event organised by the City of London Corporation and Centre Forum think tank, Mr Clegg suggested a John Lewis economy could be developed. He told the audience that the Government planned to cut red tape and make reforms to the tax system, to facilitate employee ownership.Talking of responsible capitalism, Mr Clegg argued that the model was a hugely underused tool in unlocking growth. He suggested that companies that companies operating employee ownership often performed better, and that they had weathered the economic downturn better through encouraging less staff turnover, lower absenteeism and lower production costs John Lewis gives all its 76,500 staff partner status, meaning they share in benefits and profits of the business. The Deputy Prime Minister said he wanted to get the concept into the bloodstream of the British economy, and bring an end to crony capitalism.
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Flexible benefits on the rise, say employees
Posted on: 16/01/12
A third of employees suggest that flexible benefits offered by their bosses are on the rise. According to a new survey by The Chartered Institute of Payroll Professionals, 32 of employees believe such benefits, offered on top of their basic salary, are rising.The research also found that employees regard these benefits as high in value, with 85 of respondents rating them as either important or very important.Diana Bruce, senior policy liaison officer at the CIPP, said With many employees experiencing pay freezes and even pay cuts it is more important than ever that individuals feel they are getting the maximum value from any benefits provided in the workplace. The employers task is not a simple one as they too are looking for the best value from their spending so the requirement to source the most cost effective benefits, whilst ensuring the provision of optimum reward for their staff is vital.The most popular benefit was shown to be pensions contributions, identified by 77 of respondents.Closely following are childcare vouchers, identified by 73 of employers, and then healthcare benefits 50 and payroll giving 49. Diana added The survey results show that employees feel that benefits are an important part of the remuneration package, so effective communication of whats on offer is key to ensure staff feel valued during these stringent times.Arising from the survey, it was also shown that over a fifth of employers did not offer flexible benefits to their employees.
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Sales in an instant
Posted on: 16/01/12
Everyone asks for the magic formula or the secret sauce to sales success of winning new orders. The truth is that the sales process can sometimes take ages, days, months and in one sale I was working on, two years.
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Social enterprise assisted by NBSL
Posted on: 16/01/12
Blackhall Community Centre in County Durham is a social enterprise that provides function and meeting rooms for hire, runs a caf and a gym and involves the community in a variety of events. The community centre is forward thinking and markets itself though its own Facebook page, but when it came to developing a strategy for improving the leadership and management capabilities of its manager Alison Paterson, external help was needed, and accordingly Alison turned to NBSL for support.
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Deloitte appointed as administrative receivers of hospitality group
Posted on: 13/01/12
Deloitte have been appointed as administrative receivers of hospitality firm, Lincoln Group Limited and subsidiaries.The group, with its headquarters in Middlesbrough, owns and operates the Vermont Hotel and adjoining Marthas Bar in Newcastle, the Baltimore Hotel in Middlesbrough and the Portland Hotel in Hull.It has suffered from poor trading in recent years, due to increased local competition and the general economic climate.Adrian Berry and Daniel Butters, partners at Deloitte, have been appointed as joint administrative receivers.Mr Berry, said The hotels have to varying degrees been affected by the poor market conditions of recent times, and have good underlying businesses in central locations which make them an attractive opportunity for prospective purchasers.The hotels have been marketed for sale since June 2011 and there has been significant interest. Negotiations with a number of interested parties are at advanced stages and we are confident that going concern sales of the hotels and bar can be achieved.The joint administrative receivers have confirmed that the hotels will continue to operate whilst going concern sales are progressed.Colliers International and Christie and Co were previously appointed by the group as joint selling agents, to market the hotels, and they continue to assist the administrative receivers with the prospective sales of the hotels and bar.
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AIM Head visits North East
Posted on: 13/01/12
One of the most senior figures in the London Stock Exchange has visited the region to encourage the the regions business advisers and investors to consider alternative sources of finance.Speaking at an event organised by North East Access to Finance, Marcus Stuttard, head of Alternative Investment Market AIM encouraged management teams to find out about the range of finance options which are available to them, and how they can benefit from them.AIM is the London Stock Exchanges international market for smaller growing companies and a wide range of businesses, including early stage venture capital backed and more established companies, join it to seek access to venture capital.Speaking at the event, Marcus said Our key objective is to get businesses to think more widely about the different types of fiance which are available, and to take a long term view of that.Whether they are going from seed capital at the start up phase or are scaling upwards. the next source of finance is always on their mind, and businesses must learn to structure themselves from the outset in a way which enables them to make the most of this.Its really about the long term education on finance available, and then the pros and cons of each option.In the course of his speech, he stressed the positive attitude common to many small and medium businesses, but also noted the lack of growth aspirations. Increasing numbers of businesses are being cautious due to the financial landscape but Marcus believes that this could present them with new and beneficial opportunities for growth.If we are looking for the positives of the current economic climate, intermediaries as well as management teams are being forced to think more widely, and that certainly is a benefit.Were already seeing changes, and I think they will continue over the long term to have a significant impact, and businesses have already begun to see the capital benefits of flotation on the public market, but also of all the other spin off benefits including credibility and profile.He went on to praise the Government, who have produced a White Paper to reconsider legislation for small and medium businesses, in a move which will drastically simplify the funding landscape.The Government is acutely aware of the need to remove red tape across a number of areas, but by doing this they will provide an environment of certainty so businesses can get on and plan for the long term.As well as targeted tax breaks, this will make sure that entrepreneurs and high net worth individuals will continue to reinvest and by looking to each of the different areas, they Government is signalling that it is taking a much more joined up approach.
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AIM Head visits North East
Posted on: 13/01/12
One of the most senior figures in the London Stock Exchange has visited the region to encourage the the regions business advisers and investors to consider alternative sources of finance.Speaking at an event organised by North East Access to Finance, Marcus Stuttard, head of Alternative Investment Market AIM encouraged management teams to find out about the range of finance options which are available to them, and how they can benefit from them.AIM is the London Stock Exchanges international market for smaller growing companies and a wide range of businesses, including early stage venture capital backed and more established companies, join it to seek access to venture capital.Speaking at the event, Marcus said Our key objective is to get businesses to think more widely about the different types of fiance which are available, and to take a long term view of that.Whether they are going from seed capital at the start up phase or are scaling upwards. the next source of finance is always on their mind, and businesses must learn to structure themselves from the outset in a way which enables them to make the most of this.Its really about the long term education on finance available, and then the pros and cons of each option.In the course of his speech, he stressed the positive attitude common to many small and medium businesses, but also noted the lack of growth aspirations. Increasing numbers of businesses are being cautious due to the financial landscape but Marcus believes that this could present them with new and beneficial opportunities for growth.If we are looking for the positives of the current economic climate, intermediaries as well as management teams are being forced to think more widely, and that certainly is a benefit.Were already seeing changes, and I think they will continue over the long term to have a significant impact, and businesses have already begun to see the capital benefits of flotation on the public market, but also of all the other spin off benefits including credibility and profile.He went on to praise the Government, who have produced a White Paper to reconsider legislation for small and medium businesses, in a move which will drastically simplify the funding landscape.The Government is acutely aware of the need to remove red tape across a number of areas, but by doing this they will provide an environment of certainty so businesses can get on and plan for the long term.As well as targeted tax breaks, this will make sure that entrepreneurs and high net worth individuals will continue to reinvest and by looking to each of the different areas, they Government is signalling that it is taking a much more joined up approach.
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Global public sector at threat from fraud
Posted on: 13/01/12
Public sector organisations around the world are increasingly at risk from being defrauded by their own employees and their suppliers, according to findings from PwCs latest Global Economic Crime Survey.The views of 180 respondents from public sector organisations in 36 countries indicate that fraud is on the rise, given the onset of public sector cuts.46 of respondents from government and public sector organisations experienced one or more incidents of economic crime in the last 12 months the figure up from 37 in 2009.Cybercrime was shown to have risen, as were almost all types of fraud, including the big three of asset misappropriation, accounting fraud and bribery and corruption.Asset misappropriation was highlighted as the most common, suffered by 75 of respondents, and causing damage to an organisations reputation and relationships with regulators, suppliers, employees and the public.Ian Elliott, of PwC forensic services and partner, said It can be all too easy for an individual to simply transfer departments, leaving them free to commit their crimes over and over again. If public sector organisations are to adopt a zero tolerance approach to economic crime, they need to consider seriously the actions taken against fraudulent behaviour.Supplier fraud was also shown to have increased significantly, accounting for 32 of all frauds committed by external parties, up from 13.False invoicing schemes and requests for unauthorised changes of supplier details are on the rise, and the report shows these types of crimes can often involve some collusion from within public sector organisations.Mr Elliott continued As the public service market becomes more open in many countries, suppliers more diverse, and more voluntary and private sector organisations become involved in delivering services, procurement departments will also face a whole raft of new challenges to ensure that the quality and cost-efficiency of the services being delivered are not compromised.Respondents demonstrated their awareness of cybercrime, with 28 expecting an attack in the next 12 months. Andrew Miller, PwCs head of information security in government, said Damage to an organisations reputation and the potential loss of data are high on the public sectors agenda when it comes to the impact of cyber attacks. This is hardly surprising given recent high profile cases of data security breaches. Therefore, it is vital that organisations continue to ensure they are investing in cybercrime monitoring capabilities and align their management structures to take timely actions if a cyber incident occurs.
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Narec Capital form alliance to boost renewables sector.
Posted on: 13/01/12
Businesses in the renewable energy market are set to benefit from a new strategic alliance between insurance broker Willis Group Holdings and clean energy financier Narec Capital.By combining their finance and insurance capabilities, the pair hope to offer potential investors and developers confidence to test and produce new clean energy solutions. It is hoped that the partnership will enable businesses to come together to tackle challenges and mitigate the risk of investment in renewable technologies.Commenting on the partnership with Willis, Jerry Biggs, Chief Executive of Narec Capital, said The strengths of Willis strongly complement those of Narec Capital and our partners. The breadth of our rapidly growing financial risk mitigation capability, headed by the very experienced team of Michael Bullock and Bill Lloyd, in conjunction with our technical due diligence activities, is already helping us to bring much-needed additional financial capacity into the renewable sector and will reduce the overall cost of capital for our investors. With our team working closely with Willis, we are certain that we will be able to accelerate this market development even more rapidly.Willis have extensive experience in insuring businesses in this sector, while Narec have the ability to open up finance opportunities by identifying investors with an appetite for early-stage renewable development and de-risking those opportunities. Michael Buckle, Renewable Energy Practice Leader at Willis, added We are delighted to work with Narec Capital to bring together and harness a unique proposition to accelerate and mitigate the risks of renewable energy development. The agreement supports our companies shared objective to drive positive change in the clean energy market by reducing and mitigating the risks linked to renewable development. Alongside Narec Capital, we share the same vision and the fusion of skills within each organisation shows outstanding and unprecedented capability in the sector.
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Osborne helps reveal Airport City plans
Posted on: 13/01/12
George Osborne has unveiled plans for the development of the UKs first Airport City, at Manchester Airport.The £659m project hopes to transform Manchester Airport from a transport hub into an international business destination in its own right.Following the Governments designation of the site as an Enterprise Zone last March, the Airport City will build on the global connectivity offered by the existing airport.Five-million square feet of business premises will be built to attract international companies that would not previously have located in the region, or even in the UK.Masterplans for the project aim to have the development fully operational from April 2012, and it is estimated that the wider Manchester Enterprise Zone will create up to 20,000 new jobs over the next 15-years.The Enterprise Zone will also include a MediPark development at University Hospital South Manchester and Wythenshawe town centre, with sites linked by a new Metrolink tramline.Sir Richard Leese, leader of Manchester City Council, said Airport City will fill the gap in the market that currently exists for a high quality and well-connected environment for businesses that need access to a major British city and to a global marketplace. Airport City will provide an innovative and complementary offer to Greater Manchesters existing assets, rather than competing against them, adding new capacity to the citys existing dynamic economy. Manchester is well placed with an international offer based on established academic research and technology, innovative businesses, communications and transport infrastructure.The project will represent two core zones one focusing on hotel, office, retail and advanced manufacturing uses, while the other will focus on freight and logistics.Sustainability and connectivity are key to the development, with the design allowing every part of the northern zone to be within an eight-minute walk of transport connections.Park areas and event space will compliment retail outlets, coffee houses, bars and restaurants.Contemporary architectural approaches will be employed in the creation of Airport Citys commercial property, with all buildings constructed to BREEAM and LEED environmental standards.Manchester Airports Group is gearing up to deliver the first stage of the project, which will cover infrastructure and utility provision ahead of developing the plots. An Expression of Interest Document detailing the Airport City opportunity will be officially released through an open competitive process in February.Charlie Cornish, chief executive of Manchester Airports Group MAG, said Airport City is a concept we have been developing for a number of years and we are now at a critical stage in the projects life as we bring it to the market and commence phase one. We were enthused by the Governments recognition of Airport Citys potential when it was named as the focal point of their new Enterprise Zone, as we feel that this project presents a generational opportunity not only for the wider region, but nationally in order to attract new investment to the UK during the economic downturn.
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Unions urge Unilever trustees to see sense
Posted on: 13/01/12
Unions representing thousands of employees within Unilever UK have continued their fight over the closure of the final salary pension scheme, with a letter to pension fund trustees.Unite, GMB and Usdaw collectively wrote to trustees, warning that employees are determined to make the company uphold its commitment to retaining the scheme, even if it means resorting to industrial action.Strikes at the companys UK operations in December last year hit production of major brands including Marmite, Pot Noodles and Persil.Unilever is proposing to replace the final salary scheme with a career average scheme, which the unions claim is inferior, and would cut retirement savings by as much as 40.In the letter, signed by the national officers of each union, trustees are told that employees are angry, not only at the refusal to engage, but at the cancellation of Christmas celebrations.Part of the letter states We are extremely concerned about the approach of Unilever senior management to this dispute in that they have rejected all offers of talks including a proposal by Acas to go to conciliation. As you are aware, this is the first ever national strike in Unilevers history, and it represents an unprecedented response from employees, many of whom have decades of loyal service and in some cases, who form part of generations of people within their family who have worked for Unilever.It goes on to say that the issue has already had a significant impact on the previously good reputation of Unilever, and refers to CEO Paul Polmans previous talks on the importance of responsible corporate behaviour.It finishes by saying We therefore very much hope that you will make the right decision and will not support the recommendations of Unilever management but instead will urge them to re-open talks in order to negotiate a settlement that is good for the workforce and good for the company.However, you should be aware that if the decision is to support the companys proposals, our members have resolved to continue with their campaign using whatever means possible.
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Leadership and Management Advisory Service continues to strengthen
Posted on: 13/01/12
The Leadership and Management Advisory Service provides tailored support, including advice and funding for individual training provision, to senior managers and business leaders in SMEs and social enterprises that have potential for growth and are based in North East England. The service funded by the Skills Funding Agency has been run by NBSL since 2004 and provides grant support giving businesses a fantastic opportunity to access specialist help, to develop not only their leadership and management capabilities but also the growth and profitability of their organisations.
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Leadership and Management Advisory Service continues to strengthen
Posted on: 13/01/12
The Leadership and Management Advisory Service provides tailored support, including advice and funding for individual training provision, to senior managers and business leaders in SMEs and social enterprises that have potential for growth and are based in North East England. The service funded by the Skills Funding Agency has been run by NBSL since 2004 and provides grant support giving businesses a fantastic opportunity to access specialist help, to develop not only their leadership and management capabilities but also the growth and profitability of their organisations.
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Tesco plummets on poor Christmas and profit warning
Posted on: 12/01/12
Shares in Tesco plummeted this morning, causing shockwaves through the British retail sector.What has been a staple stock amongst UK investors for years was discarded followings its Christmastrading update. The reaction was provoked by a profit warning, following one of the worst Christmasperiods for decades with like-for-like sales over the 6 weeks down 2.3. Despite oversees salesseeing strong growth, the UK, which accounts for two thirds of its revenue, was hurt by supermarketprice wars and the retailers stated that the full year trading profit will be towards the lower end ofmarket expectations. Investors also learnt that significant investment will be required and profitgrowth will be limited in 2013, shares tumbled to end the day down 16 at 232p.
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SMEs in line for £95 million investment
Posted on: 12/01/12
Small and medium businesses from across the region could be in line for a slice of a £95 million Government investment.On the 10 November 2011 the Government announced plans to invest i new capital assets, in a move which could unlock around £500 million in new investment, and could create up to 4,000 jobs..Graham Purvis from Robson Laidler LLP is now recommending that businesses take advantage of the money, which could help to stimulate much-needed private sector growth.He commented The new scheme will provide grants designed to support SMEs considering investment in new capital assets and creating new employment but which have been unable to secure commercial funding for their projects.RBS, NatWest and HSBC have agreed to facilitate the distribution of the money. and they are now looking for SMEs with a turnover of less than £25 million Less than £50 million at HSBCMoney will be granted for investment in capital assets such as plant and machinery, or in the creation of new jobs. Grants of up to £500,000 will also be awarded alongside the bank loan on commercial terms. Business Minister Mark Prisk added These schemes will directly help SMEs that want to invest and create new jobs. They will deliver a shot in the arm to local communities and help small businesses drive local growth.
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Government urged to think big on communications sector
Posted on: 12/01/12
The Government needs to be ambitious about the potential of the UK communications sector, and the part it can play in re-balancing the economy, says the CBI.The business lobbying organisation told the Government it should think big when it comes to publish its forthcoming Communications Bill.Competition from countries such as Singapore, Sweden and China means the sector, worth £50 billion a year to the economy, must work hard to maintain its leading global position.In the CBIs recent report, called Blazing a trail - the UK communications sector in a global economy it is suggested that regulation should support a dynamic industry, encouraging competition, maximising export opportunities and ensuring the UK has the infrastructure to compete on a global stage.Dr Neil Bentley, CBI deputy director-general, said The UK is known around the world for its cultural exports, whether its Adele topping the charts in 18 countries around the world, or Downton Abbey being screened in over 200 territories.But the UKs communications sector is worth much more than its high profile successes. It has the potential to grow its exports faster than most other sectors over the coming decade, and can therefore play a key role in re-balancing our economy and reducing our reliance on domestic consumption.Thats why we need the Government to think big in its forthcoming Communications Bill. Our communications sector needs a framework in place that will enable and encourage innovation, with a clear and consistent approach to regulations.Other advice contained in the report includes the creation of an advisory panel, with representatives from industries within the communications sector meeting regularly to achieve progress on difficult issues.A comprehensive review of the obligations of Public Service Broadcasters is also suggested, to ensure their relevance in a digital world, and that the BBC should support smaller content providers seeking opportunities abroad. Broadband infrastructure also featured, as the CBI called for the UK to lead the world in broadband economy, with measures of success beyond simplistic download speeds.
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Specialist snow clearance company receives boost
Posted on: 12/01/12
The first company in the UK to specialise in winter gritting and snow clearance has secured a £700,000 investment from Barclays Corporate.The company is based in Uxbridge, with offices across the UK, and will use the funding to buy 30 new vehicles as part of its expansion.
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Royal Bank of Scotland to cut 3,500 jobs
Posted on: 12/01/12
The Royal Bank of Scotland has announced 3,500 job cuts in a major reorganisation of its investment bank.This round of redundancies comes in addition to the 2,000 announced last year, and are spread across UK and overseas offices.RBS wholesale business arm will be broken down into Markets and International Business following what the bank calls a changed market and regulatory system. Going forward, the wholesale business will focus on fixed income, foreign exchange, debt financing, transactions services and risk management solutions.The reorganisation will see an exit from cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses.Group Chief Executive Stephen Hester said We launched the RBS recovery plan in 2009 with strategic tests for the businesses that the Group would retain. They would be restructured and managed to sustain strong, customer driven competitive positions, return more than their cost of capital, use a proportionate amount of Group resources and be closely connected with each other.
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...and what on earth is it you do
Posted on: 12/01/12
So here we are in the midst of a terrible economic recession and people in all walks of life are having to alter habits of a lifetime and change their behaviour to make ends meet and stay in business, or are they
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The danger of backhanders
Posted on: 11/01/12
The Tipster is always interested to see how legislation beds down and how the courts can initially struggle with new challenges. It tends to ensure that some interesting cases are thrown up.
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The Problem of Excess Packaging
Posted on: 11/01/12
Whilst the decorations have been taken down and the Christmas drinking games are over, there is one hangover that remains to be dealt with long after the festivities have ceased.
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Travelodge announces 1,000 new jobs
Posted on: 11/01/12
Today hotel chain Travelodge has announced it will open 41 new sites, creating 1,000 new jobs across the UK.The new properties represent an investment of £246m, and will boost the companys estate to 537 hotels and over 39,000 rooms.As part of the expansion, Travelodge will offer 120 new apprenticeship places on its Junior Management Programme JuMP, which was launched last year.The scheme was developed to bolster the companys growth strategy, and offer school leavers an alternative to university. Combining on-the-job training with further education, the fast track management programme is a real job, offering the opportunity to become a hotel manager in three years.Guy Parsons, Travelodge Chief Executive said We are delighted to be opening even more new hotels and creating even more new jobs this year compared to 2011. Despite the ongoing tough economic climate, Travelodge is continuing to open hotels at a faster rate than anyone else and create much needed jobs which is exactly what the British economy needs right now. The demand for good quality budget accommodations is growing at such pace across the country, that we have added 146 new UK locations to our target requirements list. Therefore we can build more hotels in the locations where consumers need them. Our ability to raise finance means that we are able to move quickly when other companies remain strangled by red tape. This, coupled with our ability to be flexible and innovative in terms of the development schemes we can undertake, ensures we are in a very strong position to achieve our growth target of having 1,000 hotels by 2020. In a challenging climate for the hospitality sector, Travelodge has managed to maintain a successful model.Benefiting from weak property markets, the company has remained flexible, last year introducing its Metrolodge strategy, taking smaller properties in sought after locations and office buildings.Working with large companies such as supermarket brands Morrisons and Waitrose, as well as the likes of JD Wetherspoons, Travelodge has managed to secure more locations that were not previously viable for hotel development.Eleven of the 41 new properties opening this year are located in London, boosting the companys profile as the most prevalent hotelier in the Capital.
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Graduate recruitment returns to pre-2007 levels
Posted on: 11/01/12
Graduate recruitment in 2012 is set to be up by 6.4 on last year, indicating a return to pre-recession levels. The Graduate Market in 2012 survey showed that 10 out of the 15 industries represented in The Times top 100 employers are planning to hire, while the median starting salary remained at £29,000 across all sectors.This news has been welcomed by PwC, who are already heavily committed to graduate recruitment. Out of 1,200 PwC trainee vacancies, 25 go to former interns, a figure which Mark Menton, director at PwC North East, believes is indicative of the firms commitment to nurturing young talent.He commented Graduate recruitment is the lifeblood of our business. Thats why we continue to invest heavily in offering outstanding opportunities to students. The biggest shift over the past few years is that competition for talented students no longer starts in the run up to graduation, employers start competing for the attention of talented students from their first day on campus, or before they even leave schools and colleges.Early paid work experience can be key for both employers and students as it gives both parties the opportunity to asses first hand potential career opportunities. Likewise the return investment which both receive from the arrangement is becoming increasingly attractive.Lat year PwC expanded its intern programme by 50 after attracting record numbers of applicationsMr Menton continued We think early identification of talent, whether in schools, colleges or on campus will only become more important as the fight for the best jobs becomes more pronounced. The survey results reinforce this trend.
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Manufacturing Survey 2012
Posted on: 11/01/12
Complete the survey and you could win an iPad2
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Hospitality and leisure sectors suffer increased insolvencies
Posted on: 11/01/12
The hospitality and leisure sectors have suffered considerably through insolvencies over the last year, research has shown.Analysis from PwC shows a 30 increase in the number of insolvencies in these industries, compared with the same period in 2010.Construction continues to be the worst affected sector with a total of 656 companies becoming insolvent, followed by manufacturing 394, retail 447, hospitality leisure 375 and real estate 123.London held most insolvencies, showing an 8 increase from the same quarter in 2012, although the East Midlands presented the area with the highest increase at 27.In the North East and Cumbria the numbers had grown by 8, representing a total of 143 companies. Sean Hamilton, director of business recovery in the North East commented Q4 would normally be seen as a good time for bars and restaurants because of the festive season so it is worrying that both these sectors saw a marked increase in the number of insolvencies. We would normally expect to see more casualties in the post-Christmas period and we will have to wait to see whether this does occur or whether the early Christmas gloom resulted in some businesses failing earlier than would normally be the case. The post Christmas blues are always a challenge for restaurants and bars but some businesses are still performing well and these are often those that have focused on ensuring that they understand what their customers want and deliver without fail. Customers have a lot of choice and one bad experience in a bar or restaurant can lose that customer forever. Mr Hamilton went on to say that companies who acted quickly, typically had more options at their disposal, and secured a positive outcome.He added The total corporate insolvency numbers for all sectors demonstrate that the decline in the level of insolvencies witnessed in 2010 has continued into the fourth quarter of 2011. In total, 3,759 companies became insolvent in the fourth quarter of 2011 compared to 4,042 in the previous quarter a 7 decrease. However, the level of insolvencies increased by 4 compared to the fourth quarter of 2010.
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Greggs reveal successful Christmas
Posted on: 11/01/12
High street baker Greggs has reported a successful Christmas and New Year period.Like-for-like sales grew 5.1 in the five weeks leading up to January 7, from a year earlier.The figures are stripped of the sales from across a number of new stores opened by the chain.Expansion lead to the opening of 84 new outlets and a total of 800 new jobs, growing the workforce to over 20,000 for the first time.Chief Executive Ken McMeikan, said An excellent Christmas boosted our sales performance at the end of a tough year for high streets.For the five week Christmas and New Year trading period ending 7 January 2012, total sales grew by 10.8 per cent and like-for-like sales by 5.1 per cent. Highlights during the Christmas period included record sales of our award-winning sweet mince pies with more than seven and a half million sold since the launch of our seasonal range, a 27 per cent increase in sales of Festive Bakes and coffee sales up 21 per cent.Rising food and energy costs have been a feature of 2011 but to reduce the impact on customers we have continued to invest in promotional activity in order to maintain our value position in what has remained a very competitive market.Despite these pressures, we anticipate that we will report full year results in line with expectations when we make our preliminary announcement on 14 March 2012. Mr McMeikan went on to say that he thought 2012 would be a challenging year for the high street, but said Greggs would build on their reputation for value through product innovation and promotional activity.
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New year, new hope, old problems
Posted on: 10/01/12
Year ahead full of event risk, especially in Europe
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Christmas food sales help MS
Posted on: 10/01/12
Reporting seasons in the US traditionally starts with the financial results of Alcoa Inc, the largestUS aluminium producer, and it did not deviate from this position in last nights 2011 4th quarterearnings. The results were mixed, with the first quarterly loss in more than 2 years already forecastby analysts following a reduction in the price of the underlying metal. Despite this, sales were up andthe company was bullish on its outlook for 2012 as increased demand and production cuts will leadto an aluminium market deficit, and hence firmer prices. The news buoyed European equities, withmajor indices opening up around 1 higher this morning.
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Government must do more to support overseas trade
Posted on: 10/01/12
The Government needs to give more support to SMEs if they are to trade overseas profitably, according to an eminent fiance expert.In response to the BCCs report, which showed that the SME needs more funding and confidence to export outside of the Eurozone, Tony Wilson, director of Commercial Foreign Exchange at Raphaels Banks is urging the Government to address the problem.According to Mr Wilson, there is a fundamental lack of confidence amongst SMEs about how to protect themselves from market volatility, which is preventing them from importing and exporting.He commented This latest report from the BCC really demonstrates this - we have seen business performance stagnate with little prospect of improvement in exports, blamed on the uncertainty over the international situation and the Eurozone.
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Housing transaction levels hold up well in Q4
Posted on: 10/01/12
Housing sales in the region remained firm in December as more houses came onto the market, accoridng to the latest RICS survey.In Q4 of last year, each surveyor in the region completed an average of 14 sales. Sales expectations for the next 3 months have now risen to a net balance of 10, up from -12.New instructions have seen an increase, with 21 of respondents reporting rises rather than falls in new homes coming to market. Significantly, the increase in supply in the region is at its highest level since September 2010.House prices fell in December, albeit at a slower rate than in previous months, with 6 of surveyors witnessing a fall in prices rather than a rise, alothugh London was the only part of the UK to see any price increases.While sales remained broadly flat, 8 more respondents said that buyer enquiries decreased rather than increased, a marked change from 43. Richard Sayer, RICS spokesperson and director of Rook Matthews Sayers, commented It was encouraging to see sales activity hold up relatively well in the North East towards the end of the year. However, continuing problems with the economy seem to be weighing heavily on the housing market and, although expectations for activity levels are cautiously optimistic, price predictions for the coming months are fairly subdued.Looking forward, chartered surveyors expect transaction levels to increase, but 32 more respondents expect prices to fall rather than rise over the next 3 months.The increasing number of prospective sellers who placed their homes on the market in December is a positive development, but it is important that vendors are realistic in their pricing if they wish the sale to go through in good time. He added.
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Business encouraged to plan for Olympic opportunities
Posted on: 10/01/12
A lack of basic planning could mean some businesses will miss out on the economic boost potential created by London 2012.Research published BT shows that nearly a third havent made preparations for the period, such as plans to deal with the expected dip in staff attendance. Similar research into the economic outcomes of the Vancouver 2012 Winter Olympic Games found that nearly half of companies in and around the Canadian city felt they could have done more to capitalise on the event, or missed opportunities altogether. The study surveyed 1,200 small, medium and large businesses nationwide, as well as public sector organisations, and found many were positive about the Games, despite tough economic conditions.68 of respondents were expecting a peak in demand and nearly half anticipate a spike in sales, and a similar amount were hopeful about new international opportunities as a result a third expect export or trade agreements to continue following the Games.Some negative aspects were identified as knock-on effects such as supply chain disruption, higher hotel costs, staff attendance and productivity were noted as concerns.Colin Hansen, the former British Columbia Minister responsible for the Vancouver 2010 Winter Olympic Games, said British companies are right to be optimistic because the Olympics had a huge economic benefit in Vancouver and across Canada as a whole. But the scale of the event was much bigger than anybody expected and many companies just werent geared up for how big the opportunity would be. Nobody in the UK should expect next summer to be business as usual, but with the right plans in place, such as flexible working, every business, large or small, can take advantage of the occasion and seize the long-term economic benefits. Baroness Jo Valentine, CEO of London First encouraged businesses to talk with their suppliers and customers to gear themselves up.Jeff Kelly, CEO of BT Global Services said Despite the tough economic climate, we can tell from our own customers that London 2012 presents both challenges and opportunities for public and private sector organisations. But success or failure depends on how ready they are. Theres still time to get plans in place, but with less than seven months to go, we do urge all organisations to begin preparations now or miss out on the economic benefits.
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Business encouraged to plan for Olympic opportunities
Posted on: 10/01/12
A lack of basic planning could mean some businesses will miss out on the economic boost potential created by London 2012.Research published BT shows that nearly a third havent made preparations for the period, such as plans to deal with the expected dip in staff attendance. Similar research into the economic outcomes of the Vancouver 2012 Winter Olympic Games found that nearly half of companies in and around the Canadian city felt they could have done more to capitalise on the event, or missed opportunities altogether. The study surveyed 1,200 small, medium and large businesses nationwide, as well as public sector organisations, and found many were positive about the Games, despite tough economic conditions.68 of respondents were expecting a peak in demand and nearly half anticipate a spike in sales, and a similar amount were hopeful about new international opportunities as a result a third expect export or trade agreements to continue following the Games.Some negative aspects were identified as knock-on effects such as supply chain disruption, higher hotel costs, staff attendance and productivity were noted as concerns.Colin Hansen, the former British Columbia Minister responsible for the Vancouver 2010 Winter Olympic Games, said British companies are right to be optimistic because the Olympics had a huge economic benefit in Vancouver and across Canada as a whole. But the scale of the event was much bigger than anybody expected and many companies just werent geared up for how big the opportunity would be. Nobody in the UK should expect next summer to be business as usual, but with the right plans in place, such as flexible working, every business, large or small, can take advantage of the occasion and seize the long-term economic benefits. Baroness Jo Valentine, CEO of London First encouraged businesses to talk with their suppliers and customers to gear themselves up.Jeff Kelly, CEO of BT Global Services said Despite the tough economic climate, we can tell from our own customers that London 2012 presents both challenges and opportunities for public and private sector organisations. But success or failure depends on how ready they are. Theres still time to get plans in place, but with less than seven months to go, we do urge all organisations to begin preparations now or miss out on the economic benefits.
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High speed rail given the green light
Posted on: 10/01/12
The first phase of the controversial High Speed Rail link connecting London and Birmingham has been given the go-ahead by the Government.Transport Secretary Justine Greening announced plans this morning, which aims to cut journey times between the two cities to 49 minutes.Opponents of the scheme say it will not deliver value for money, and that it poses environmental damage.A second phase of the project would link Manchester and Leeds by 2033, although there has been no confirmed extension of the network further North as yet.James Ramsbotham, chief executive of the NECC, said NECC has long been a passionate advocate of high-speed rail and it is vital that the Government recognises the need to integrate the North East into the network at the earliest opportunity.The North East would benefit immensely from high speed rail connectivity. The ability to connect rapidly with customers both here and abroad is vital for the future success of our economy. With this in mind, the Government must ensure that the first round of legislation, which will make the high speed rail project possible, gives an unambiguous sign that high speed track will eventually be built in the North East.It is concerning that initial estimates suggest it could be two years before HSR legislation is enacted given that the threat of NIMBY-ism and localised political opposition will be ever present.If the Government remains committed to HSR then I would urge the Prime Minister to make clear that the bill must become legislation within one year as soon as possible.The first phase of the project covers 90 miles, and will be built between 2016 and 2036. A similar rail link established in Holland has been relatively unsuccessful, as passengers are not willing to pay increased prices.Chris Meredith, from Midlands based a hrefhttpwww.officebroker.comofficebroker.coma who deal with thousands of small businesses each year, says his firm will not be willing to pay extra to use the service. Mr Meredith said The £32bn earmarked for the project could be better used to improve the existing network or supporting areas of the economy such as start-up businesses. Added to this the fact that the price of using the service is predicted to be particularly high and it becomes clear that most of us wont be able to take advantage of what is going to be an extremely expensive service.
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High speed rail given the green light
Posted on: 10/01/12
The first phase of the controversial High Speed Rail link connecting London and Birmingham has been given the go-ahead by the Government.Transport Secretary Justine Greening announced plans this morning, which aims to cut journey times between the two cities to 49 minutes.Opponents of the scheme say it will not deliver value for money, and that it poses environmental damage.A second phase of the project would link Manchester and Leeds by 2033, although there has been no confirmed extension of the network further North as yet.James Ramsbotham, chief executive of the NECC, said NECC has long been a passionate advocate of high-speed rail and it is vital that the Government recognises the need to integrate the North East into the network at the earliest opportunity.The North East would benefit immensely from high speed rail connectivity. The ability to connect rapidly with customers both here and abroad is vital for the future success of our economy. With this in mind, the Government must ensure that the first round of legislation, which will make the high speed rail project possible, gives an unambiguous sign that high speed track will eventually be built in the North East.It is concerning that initial estimates suggest it could be two years before HSR legislation is enacted given that the threat of NIMBY-ism and localised political opposition will be ever present.If the Government remains committed to HSR then I would urge the Prime Minister to make clear that the bill must become legislation within one year as soon as possible.The first phase of the project covers 90 miles, and will be built between 2016 and 2036. A similar rail link established in Holland has been relatively unsuccessful, as passengers are not willing to pay increased prices.Chris Meredith, from Midlands based a hrefhttpwww.officebroker.comofficebroker.coma who deal with thousands of small businesses each year, says his firm will not be willing to pay extra to use the service. Mr Meredith said The £32bn earmarked for the project could be better used to improve the existing network or supporting areas of the economy such as start-up businesses. Added to this the fact that the price of using the service is predicted to be particularly high and it becomes clear that most of us wont be able to take advantage of what is going to be an extremely expensive service.
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Recession not inevitable, but economy shows stagnation
Posted on: 10/01/12
The economy shows signs of stagnation in early 2012, although recession is not inevitable.Those are the findings of the British Chamber of Commerces Quarterly Economic Survey, which questioned over 6,000 businesses. It found that expectations for the next three months have significantly weakened, however the results are not as bad as those seen in the worst phase of the last downturn.The report suggests there is cause for concern over evidence that the improvements in 2012 and early 2011 have largely been cancelled out.John Longworth, director general of the BCC, said A new recession is not a foregone conclusion. However, action is needed urgently to tackle short-term stagnation and a lack of business confidence, damaged by the ongoing eurozone crisis.A slowdown across the eurozone is inevitable, but Britain need not suffer a similar fate. We simply cannot afford to compromise on economic performance. The UK does have the potential to recover and make its way in the world. We have the talent, the energy, and the enterprise. All we need is an environment that puts business first. We must recognise that business is good for Britain. Boosting growth in our businesses will boost the economy and let Britain lead on the international stage.Ministers need to move faster on promises made in the Chancellors Autumn Statement. Measures to improve the flow of credit to businesses, reforms of our complex planning system, and investment in infrastructure projects are all needed now. If the implementation of the credit easing programme takes much longer, the economy would be better served by the creation of a full blown SME bank. On infrastructure, the government must bite the bullet and move ahead on high speed rail, airport expansion, toll roads and liberalisation of the planning system. Britains economy is at a critical stage, and now is not the time to shy away from the radical decisions needed to inspire confidence and increased investment for years to come.Among some of the indicators, export activity was shown to have declined, and firms were not optimistic about recruitment, as expectations in the manufacturing sector plummeted 18 points.In the service sector, turnover confidence fell by almost 20, and cashflow management also remained challenging for firms. David Kern, BCC Chief Economist, said The results point to a worsening in the economic situation, with signs that the UK recovery is stalling. The survey shows stagnation in manufacturing and minimal growth in services in Q4 2011. The forward-looking home order balances moved deeper into negative territory, and highlight risks of declines in domestic activity early in the New Year. We believe UK GDP will stagnate overall until mid-2012, with one quarter very likely in negative territory. A fall in employment expectations points to risks of rising unemployment over the next year. We are predicting an increase in the UK jobless total to 2.77 million by the end of 2012. Recession is still avoidable, but risks of a setback have increased. Most export balances are still positive. But the worsening international situation and the growing risks facing the eurozone will cause UK exporters difficulty. With confidence falling, every effort must be made to avert recession. We expect the MPC to announce a £50 billion increase in the QE programme, to £325 billion, early in 2012. But QE will not achieve its full potential in supporting growth unless supplemented by the early introduction of a sizable and effective credit-easing programme. As well as reallocating spending priorities, the government must act urgently to cut red tape and contain increases in business rates.
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Kick start your year
Posted on: 10/01/12
The beginning of a year is a great time to get your staff together for a motivational session to discuss the key themes for your business for the year ahead. Lots of companies do it, but with the struggle for survival still a reality for many firms it can easily get overlooked.
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Multi-Million Pound Boost To Tees Valley Housing
Posted on: 09/01/12
Tees Valley is set to gain around £73 million to improve housing over the next two years. At its meeting yesterday, the North East Housing Board endorsed a plan by Tees Valley Living TVL to spend £23 million earmarked last year by Ministers to address housing market renewal issues in the region. The Board also endorsed more spending through the Single Housing Investment Pot known as SHIP for housing regeneration for the Tees Valley Living programme and other improvements in the Tees Valley area.
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GlaxoSmithKline falls on pipeline concerns
Posted on: 09/01/12
Today saw the first of this years EU meetings with Merkel and Sarkozy the pair now knownas Merkozy meeting in Berlin. The agenda included a discussion on the fiscal compact agreed atthe last meeting in December, with hopes that these will be ready to take to an EU wide summit onthe 30th January.
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Mid-sized businesses to seek Turkish opportunities
Posted on: 09/01/12
The first ever UK Trade and Investment visit to focus exclusively on opportunities for mid-sized businesses in an emerging market, will take place in April.A delegation of MSBs will be lead by Trade and Investment Minister Lord Green, and John Cridland, director general of the CBI to Turkey.Described as a forgotten army, the UKs 10,000 mid-sized businesses account for one fifth of the private sector.The Government hopes to unlock a potential £20bn annual GDP, using MSBs, in the next ten years.Government, business and representative groups are working together to provide tailored support to MSBs to target new export markets, through an additional £10m funding for UKTI.LEPs will help to develop local networks and improve their export potential and leadership management capability, while The Institute of Directors is creating a directory of potential non-executive directors, helping MSBs to learn more about the expertise they can bring, and to find the right NED for their business.To address issues around access to finance, a task force on non-bank lending, led by Tim Breedon of Legal General, has been set up.Business and Enterprise Minister, Mark Prisk announced Dame Helen Alexander of the CBI, Julian Franks of the London Business School and Xavier Rolet of the London Stock Exchange, among the members of the industry-led group which will report in time for budget. In addition to this, the Government is working with large businesses, including Mircosoft, Centrica and Diageo, to support and strengthen their supply chains of which MSBs are often a vital link. The Institute for Family Business will provide countrywide seminars dedicated to MSB, including on entrepreneurship, succession planning and professionalising the board.Mr Prisk, said Mid-sized businesses are a powerful force in their local economies and nationally, employing one in five private sector workers.MSBs have immense potential and we want to help them to be recognised for what they do and to raise their sights to the opportunities that exist.So Im very pleased that the Government and organisations such as the Confederation of British Industry, Institute of Directors, Institute for Family Business and others are working together on a series of practical measures to promote the support available for MSBsIm also delighted that John Cridland of the CBI will accompany Lord Green to Turkey. Britain could be £20 billion a year richer if MSBs reach their full potential exporting to fast-growing markets. John Cridland, commented that it was a welcome first step on the journey to creating sustainable growth.He said To support our MSBs, we need to boost their confidence, raise their ambitions, and help scale-up their capabilities.If we do this, and plug the current gap in long-term finance available to MSBs, we think they could contribute an additional £20bn to the economy by 2020.As well as being a strong voice for MSBs, in 2012 the CBI will launch its own programme of activity offering firms practical help through a series of new regional clubs.These will give business leaders of MSBs the opportunity to learn from each other and hear from experts about the challenges of exporting, financing growth and scaling up their business. Andrew Main Wilson, chief operating officer of the IOD, reiterated the usefulness in appointing experienced non-executive directors, and Grant Gordon, director general of the Institute of Family Business said he wanted to see family firms continue to play a powerful role in growth.
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Increase in the value of UK MAs
Posted on: 09/01/12
The value of UK mergers, acquisitions, flotations, rights issues and placements increased by 11 in 2011, according the research by Experian Corpfin.While the overall volume remained fairly constant, dropping by only 2, total value of activity was £229 billion for 2011, representing an 11 increase on 2010.The value of UK Large transactions, those exceeding £100m in value, where a consideration was disclosed was up by 13 to £201 billion in 2011, with the volume of transactions 300 identical year-on-year.BDO International was identified as the most active financial advisor by volume, with 83 deals Citigroup topped the value league with deals worth £48 billion and the leading legal advisors were revealed as DLA Piper, at 126 transactions, and Sullivan Cromwell LLP, with a £43 billion total deal value from 13 transactions. During 2011 45 of all European transactions involved a UK firm. The total value of European transactions in 2011 was £618 billion, a decrease of 8 on the 2010 values. Wendy Smith, Business Development Manager at Experian Corpfin, said A 20 increase in the volume of private equity backed buy-outs means that UK MA deal activity has remained relatively robust in 2011, with a notable increase in the total value of deals, especially at the large end, against stable volumes.There still appear to be good opportunities for investment and growth across the country.The value of deals announced in the North East rose from £3,092m in 2010, to £7,956m in 2011, while one of the biggest increases was seen in East Anglia, as the value rose from £2,274m to £11,500m.The top country dealing with the UK in 2011 was the USA, representing 13.44 of deals.
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Increase in the value of UK MAs
Posted on: 09/01/12
The value of UK mergers, acquisitions, flotations, rights issues and placements increased by 11 in 2011, according the research by Experian Corpfin.While the overall volume remained fairly constant, dropping by only 2, total value of activity was £229 billion for 2011, representing an 11 increase on 2010.The value of UK Large transactions, those exceeding £100m in value, where a consideration was disclosed was up by 13 to £201 billion in 2011, with the volume of transactions 300 identical year-on-year.BDO International was identified as the most active financial advisor by volume, with 83 deals Citigroup topped the value league with deals worth £48 billion and the leading legal advisors were revealed as DLA Piper, at 126 transactions, and Sullivan Cromwell LLP, with a £43 billion total deal value from 13 transactions. During 2011 45 of all European transactions involved a UK firm. The total value of European transactions in 2011 was £618 billion, a decrease of 8 on the 2010 values. Wendy Smith, Business Development Manager at Experian Corpfin, said A 20 increase in the volume of private equity backed buy-outs means that UK MA deal activity has remained relatively robust in 2011, with a notable increase in the total value of deals, especially at the large end, against stable volumes.There still appear to be good opportunities for investment and growth across the country.The value of deals announced in the North East rose from £3,092m in 2010, to £7,956m in 2011, while one of the biggest increases was seen in East Anglia, as the value rose from £2,274m to £11,500m.The top country dealing with the UK in 2011 was the USA, representing 13.44 of deals.
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Morrisons shows slower Christmas growth
Posted on: 09/01/12
Supermarket chain Morrisons has reported slower growth over the Christmas period, and remain cautious heading into 2012.The Bradford-based grocer reported that like-for-like sales rose by just 0.7, excluding fuel, in the six weeks leading up to January 1 as opposed to a 2.4 increase in its financial third quarter.In what they described as a challenging period for the consumer Morrisons said sharp prices and promotional offers had driven an extra 800,000 customers per week over Christmas. Chief Executive Officer, Dalton Philips said I am pleased that in a difficult trading environment we have continued to grow our business and have delivered another good performance in a very tough market. At Christmas, when customers are even more focused on great quality food at outstanding value, we really need to serve our customers well. Weve done that and I thank all our 130,000 colleagues for their outstanding efforts.Morrisons continued to rely on their value food products, whereas rivals Tesco, Asda and Sainsburys rely more heavily on the sale non-food items.Pre-Christmas results for these rival retailers are to be released later this week.
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Regional infrastructure issues must be addressed
Posted on: 09/01/12
Its not a sexy word, infrastructure, but its vitally good for us all as individuals, and for our regionsprosperity and competitiveness. Infrastructure benefits businesses, spurs inward investment,improves travel, provides energy and water reliably. It enhances environment.
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Middlesbrough firm breaks South African markets
Posted on: 09/01/12
A Middlesbrough-based business is celebrating after witnessing a five fold increase in revenue from South Africa, thanks to support from UK Trade Investment UKTIOnline sales management firm i-snapshot helps businesses to quickly and efficiently assess its sales. Sales staff send information through to i-snapshot by mobile or smart phone, which is then collated and analysed to provide companies with realtime sales performance information. This helps businesses to reduce the amount of time they spend on reports, and enables them to better understand their sales model.Prior to branching into the South African market, i-snapshot already dealt with over 20,000 sales visits daily from a range of businesses, from the UK, Europe, India and the Middle East. To develop their presence in South Africa, i-snapshot turned to UKTI, who were able to provide intelligence on market potential and a range of ongoing support.According to i-snapshots chief scientist Alan Timothy, getting a distrobutor in South Africa was absolutely pivotal to the firms success.He commented It has been hard work but UKTI has helped us all the way, and it was clear right from the outset that their whole approach was about making opportunities work for us, providing the right support and asking the right questions. In particular, the excellent relationship we have with Simon, our ITA, has been so important. He has spent a lot of time working with us and the advice that we got from him has made a real difference and helped us grow the company substantially.Looking forward, i-snapshot are hoping to break into Indonesia where they hope to work with some of the countrys banks.The firms trade advisor Simon Crosby is now keen to stress the opportunities available to businesses looking to begin exporting overseas. He added Exporting can be hard work, even for experienced exporters, but i-snapshot has shown that if you take time to research your market and are prepared to put in the effort including travelling to your target markets the rewards can be significant. There are a number of high growth markets around the world, so even for small companies trading internationally can offer enormous opportunities for growth.Increased exports will be a key factor in the UKs economic recovery and I urge local businesses to consider trading overseas as an integral part of their future plans.
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The state of North East entrepreneurship in 2012
Posted on: 09/01/12
When we thinkentrepreneurwe often envision a lone hero or perhaps a dynamic duo struggling against the odds. It was therefore especially welcome news when, in October 2011, the Barclays Business Regional Impact Index reported entrepreneurs in the North East as the most positive in the country, despite current economic uncertainties. It showed that, in terms of expected future growth, employment generation and profit, confidence has pushed the North East up three places on previous years, even edging out London in terms of expectations for 2012.
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Win an online Super Simple Shop
Posted on: 09/01/12
With online sales over the recent festive period growing faster than in any other year, Super Simple Shop, an online shop builder, is providing a new platform for small businesses to tap in to the lucrative online sales market without the need for expensive websites and back end technology and this month we have got one of their shops to give away in our new years competition.
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KPMG Celebrate successful year
Posted on: 09/01/12
2011 was a successful year for KPMG after the firm reported revenues of £1.7 billion, representing growth of 7.In the North East the firm has also witnessed an increase in turnover to a total of £103 million, a robust performance given the challenges economic conditions.While the firm is delighted with its positive results, Mick Thompson KPMGs Newcastle office senior partner believes that the firm must now build on its good work for success in 2012.He commented Our skills and the quality of our team stand us in good stead, supported by our continuing investment in resource, particularly in critical areas such as management consulting. As businesses pursue efficiency and performance improvement programmes, strategic advice from these growing parts of our business will be called upon by our clients in this region.So, we have a good deal to achieve and significant potential for success, in terms of meeting and exceeding client needs in 2012, building on our creditable 2011 results.Nonetheless, KPMG are still preparing themselves for a tough finacial climate in light of last years events. Mr Thompson continued We are braced for more of the same in 2012 and while we would all wish for better trading conditions than those we are probably going to get, our risk management and restructuring experts will be highly relevant to businesses in a flat, uncertain - and looking further afield, possibly turbulent - market.In the past year the firm has advised more than 70 deals in MA, including the Mils group, Kitwave, Onyx, Daniel Foods and Astrum, and has built on their strong relationship with SSI after advising on the acquisition of the Corus Teesside Steelworks.Our Restructuring practice has had a busy year working on many confidential turnaround projects that have helped to preserve thousands of jobs in the region during 2011 as well as insolvency appointments including Amdega, he concludedAnd the achievements of our people have been recognised both internally and externally with three director promotions announced Hilary Stone in Tax Litigation, Paul Glendenning in Audit and Caroline Laffey in Employment Taxes. Caroline was also named this years Tax Accountant of the Year in the North East Accountancy Awards, which saw KPMG also claim the award for Corporate Finance deal of the year for Kitwave.
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Vodafone and ITV lifted on analyst upgrades
Posted on: 06/01/12
Important data for consideration today came in the form of nonfarm payrolls and theunemployment rate in the US. It was to arrive after strong results from the ADP Employment Reportyesterday, which usually gives a reasonable indication as to the outcome of the official nonfarmdata.
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Social media training pays dividends for Shout Digital
Posted on: 06/01/12
The launch of a new social media training and support service has paid dividends for Fifteen Digital. after the online marketing firm landed several new clients in the hospitality sector.Fifteen has offices in Darlington and Stoke, and will now be working with the Crown Plaza in Nottingham, the Holiday Inn Bolton and theStoke to improve their social media services.Due to the success of their in-house social media workshops with hotel staff and services to support social media activity, Fifteen is now in talks to increase its offering to Moat House who are also planning to expand into the rest of the UK.These projects have helped business development manager Sarah Mountford and the rest of her team re-establish exactly what they do. She said People have been noticing what we can do and are really keen to get involved and use our online marketing abilities. We run regular social media workshops which have done really well and we are hoping to expand them into the North East, where we can manage them from our Darlington office. Ross Luckett, assistant revenue manager at Moat House Hotel, said Initially Sarah was working on our Facebook page to give it a more professional edge and we decided we wanted a more commercial feel to it. We didnt have the knowledge to do it ourselves but Sarah made it look so much better and has drummed up a significant amount of trade through it.
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Social media training pays dividends for Fifteen Digital
Posted on: 06/01/12
The launch of a new social media training and support service has paid dividends for Fifteen Digital after the online marketing firm landed several new clients in the hospitality sector.Fifteen has offices in Darlington and Stoke, and will now be working with the Crown Plaza in Nottingham, the Holiday Inn Bolton and theStoke to improve their social media services.Due to the success of their in-house social media workshops with hotel staff and services to support social media activity, Fifteen is now in talks to increase its offering to Moat House who are also planning to expand into the rest of the UK.These projects have helped business development manager Sarah Mountford and the rest of her team re-establish exactly what they do. She said People have been noticing what we can do and are really keen to get involved and use our online marketing abilities. We run regular social media workshops which have done really well and we are hoping to expand them into the North East, where we can manage them from our Darlington office. Ross Luckett, assistant revenue manager at Moat House Hotel, said Initially Sarah was working on our Facebook page to give it a more professional edge and we decided we wanted a more commercial feel to it. We didnt have the knowledge to do it ourselves but Sarah made it look so much better and has drummed up a significant amount of trade through it.
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Tech City Map expands across UK
Posted on: 06/01/12
The Tech City Map, launched by David Cameron in December last year, will now expand its reach beyond London, to encompass the rest of the UK. Mr Cameron pledged £200m to build technology and innovation centres as part of the Tech City Map launch in East London. Now, the scheme will be expanded to highlight emerging hot-spots, so government can target support where it will do the most good. Charles Armstrong, founder of the Tech City Map and CEO of Trampoline Systems, said East London has established itself as the UKs densest and fastest-growing cluster of technology start-ups.This makes it the natural place to start analysing social network data to reveal hot-spots, trends and influences in the start-up community.Trampoline Systems and Playgen developed the Tech City Map which pulls in social network data feeds for over 1,000 businesses and already generates analysis on the relative influence of each one and links them by similar interests.Mr David Cameron said The Tech City Map, which underlines the fantastic level of creativity and innovation that is taking place in the area, is a great showcase for East Londons start-up community.Its also a demonstration of how small innovative businesses can collaborate with leading corporations.Its fitting that the Tech City Map is 100 home-grown in East London with its creators Trampoline and Playgen both based in Shoreditch.
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Sunderland makes Green Investment Bank bid
Posted on: 06/01/12
Sunderland City Council are the latest entrants to the competition to host the worlds first Green Investment Bank, which is set to invest £3 billion in businesses across the UK.The Council made the decision to bid for the Bank to fulfill its ambition to improve the low carbon economy on a regional and national platformIn December they began the self-assessment process in response to the Department of Business Innovation and Skills call for cities looking to host the bank. Launching the bid today, City Council Leader, Councillor Paul Watson said We have the leading manufacturer of electric vehicles in Nissan, the best broadband in the UK which will maximise the potential for international investment communications and our port which is developing expertise in sub-sea engineering vital for the future of the off-shore wind industry. There are major employment opportunities in green industries, both in the North East and across the UK. It is clear that you cannot have a bidding process without Sunderland being central to it.The bid has received support from all political parties, who are keen to see Sunderland make efficient use of public monies and provide stability for businesses and individuals to invest in the city. Chief Executive Dave Smith added We have followed the development of the Green Investment Bank with great interest given our growing profile in sustainability across the city. It is clear that in addition to driving local carbon industry through the Local Enterprise Zone, we can meet and in fact go well beyond the criteria set out by government. We have a vision of thousands of new green jobs being created by the Bank and our own sustainable investment plans.As well as their bid to host the Green Investment Bank 2012 will also see the start of Sunderlands new Inward Investment campaign to increase the citys appeal to international markets.
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Sunderland makes Green Investment Bank bid
Posted on: 06/01/12
Sunderland City Council are the latest entrants to the competition to host the worlds first Green Investment Bank, which is set to invest £3 billion in businesses across the UK.The Council made the decision to bid for the Bank to fulfill its ambition to improve the low carbon economy on a regional and national platformIn December they began the self-assessment process in response to the Department of Business Innovation and Skills call for cities looking to host the bank. Launching the bid today, City Council Leader, Councillor Paul Watson said We have the leading manufacturer of electric vehicles in Nissan, the best broadband in the UK which will maximise the potential for international investment communications and our port which is developing expertise in sub-sea engineering vital for the future of the off-shore wind industry. There are major employment opportunities in green industries, both in the North East and across the UK. It is clear that you cannot have a bidding process without Sunderland being central to it.The bid has received support from all political parties, who are keen to see Sunderland make efficient use of public monies and provide stability for businesses and individuals to invest in the city. Chief Executive Dave Smith added We have followed the development of the Green Investment Bank with great interest given our growing profile in sustainability across the city. It is clear that in addition to driving local carbon industry through the Local Enterprise Zone, we can meet and in fact go well beyond the criteria set out by government. We have a vision of thousands of new green jobs being created by the Bank and our own sustainable investment plans.As well as their bid to host the Green Investment Bank 2012 will also see the start of Sunderlands new Inward Investment campaign to increase the citys appeal to international markets.
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Finance offered for businesses to go green
Posted on: 06/01/12
Some four-hundred thousand businesses throughout England would struggle to raise standard bank loans for energy efficient investments.New analysis from the Energy Efficiency Financing Scheme shows likely difficulties for businesses wanting to raise bank loans for green investments.Myles McCarthy, managing director at Carbon Trust Implementation Services, commented Our analysis shows that there is a huge market potential for energy-efficient equipment investment over the next three years, amounting to almost £9bn across the country e.g. £768m in London, £798m in North East, £580m in South West. The large number of inquiries in the Energy Efficiency Financing Scheme in the first few months confirms the significant appetite from business for investment in this area.Energy Efficiency Financing is a scheme delivered by the Carbon Trust and its partner Siemens Financial Services, designed to cater for organisations of all sizes.Mr McCarthy continued In the current credit squeeze, however, a major problem for firms has been access to affordable finance to enable business to make those green investments. That is why we have put in place a major new financing facility that makes finance more accessible and affordable for companies. The new facility, with finance provided by Siemens, matches monthly payments to real monthly energy cost savings, which means that in many cases firms are cash neutral or cash positive from day one. These investments allow organisations to gain access to new equipment that is more productive, reduces waste and lowers energy costs.Siemens financing expertise is used to identify businesses that would struggle to raise an affordable bank loan because of their credit profile.Subsequently, the scheme offers these businesses the opportunity to apply for green growth finance, designed to match monthly payments with the equivalent savings from lower energy consumption. The scheme covers such technologies as low energy lighting, energy-efficient motors, energy efficient air conditioning, energy efficient motors and biomass heating.Siemens Financial Services in the UK provide the financial backing and management of the funding.
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Anthony Halls artwork an inspiration for all
Posted on: 06/01/12
For anyone who is out of work and struggling to find a way forward in the current tough economic environment, Anthony Halls story will provide inspiration. He had painted as a hobby for many years but his varied formal career path had meanwhile culminated in him buying a gym as a going concern. Anthony had run the business successfully for several years until the boiler broke down forcing the business into liquidation, at which point he lost everything including his home.
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North East Regional Growth funding at risk
Posted on: 06/01/12
The Government is putting £125 million in North East Regional Growth Funding at risk by failing to allocate the money which could provide a much needed economic boost to the region.No mechanism to share out the funds has been put into place, and European Commissioners are now raising concerns that this could jeopardise the much-needed financial support. This funding would previously have been allocated by One North East, which is set to close in March. Across England, a total of £1 billion has yet to be allocatedThe Labour shadow minister for Further Education, Skills Regional Growth Gordon Marsden MP has criticised the shambolic and chaotic way the government disbanded the regional development agencies, and is now calling on them to take fast action.It beggars belief that when the North East is crying out for cash and investment to boost jobs and growth, this Governments actions is putting £125m of potential funding at risk, and over £1billion across England, Mr Marsden commented.There are real concerns that if the Government drags its feet longer, the money could be clawed back centrally by the Treasury.He also accused the government of dithering and delaying, which is having a damaging effect on UK businesses in need of a cash injection.
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Ongoing concerns see Euro-Dollar hit 16 month lows
Posted on: 05/01/12
The Euro hit a 16 month low against the dollar today falling more than 1 to 1.279 at the time of writing, coming as France saw its borrowing costs over 10 years rise to 3.29, up from 3.18 at the beginning of December. It appeared investors were demanding a greater return for their money due to rating agency threats that France is close to losing its AAA credit rating. Despite solid demand for the debt, there was a noticeable albeit small decrease in risk appetite and thus around a 0.2 fall in European indices following the auction, detracting from indices that were already trading around 0.5 underwater.
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Gardening scheme boosts prospects for Teesside youngsters
Posted on: 05/01/12
A scheme to help youngsters on Teesside into the jobs markets has received a boost from UK Steel Enterprise, the business support subsidiary of Tata Steel.The SowToGrow project helps young people between the ages of 14 and 18 who are not in employment or training or have been excluded from school to develop skills to start a career in horticulture. Run by youth charity The Princes Trust in partnership with Groundwork North East and East Coast training, the projects supports around 50 individuals each year gain qualifications in horticulture as well as a range of skills necessary for success in the workplace.To support the scheme UK Steel Enterprises Community Support Fund has donated £3000 to provide a polytunnel on the Centres allotment.Jane Kendall of The Princes Trust in the North East said The help from UK Steel Enterprise is fantastic as the money is enabling these young people to do something so valuable, acquire qualifications and gain a real sense of pride. This support is a good example of how we can all work together to help get young people into work in Teesside.Mike Dent from Groundwork North East was also delighted with the polytunnel, which will allow produce to be cultivated in all weathers. He added This is hands-on practical work and horticulture is an expanding industry so there are jobs available. The five young people currently on the course are fantastic and doing really well.Fruit and vegetables cultivated by the youngsters is donated to homeless people living in supported housing, and it is hoped that the scheme will be involved with the Saltburn in Bloom initiative.Our Community Support Fund is all about improving life for people living in steel areas, explained Simon Hamilton, UK Steel Enterprises Regional Manager. SowToGrow helps young peoples employment prospects and supports others in need with food as well so we are delighted to be supporting it.
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Its out with New Years Resolutions
Posted on: 05/01/12
a hrefhttpwww.greenspacecoaching.comGreen SpaceLife Coachinga founder Karen Liebenguth gives us some top tips to help us stay on track with any New Years Resolutions we might have.
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High tech manufacturing sector shows optimism
Posted on: 05/01/12
The UK high tech manufacturing sector holds a positive outlook for 2012, a new survey suggests.71 of the 362 high tech firms surveyed in the GE High Tech Index believed their business would grow in the year ahead, and 45 felt they would achieve growth above 5.Although business optimism was slightly down from June 2011, 73 of respondents were positive about current trading.Respondents felt the current Eurozone situation could provide UK high tech manufacturers with opportunities as 30 said that the UK had generally become more competitive than other major European economies. Many reported they were busy or operating almost at full capacity, reflecting the health of the sector. 46 of respondents were planning to grow their workforce over the next 12 months, citing improvement in demand from emerging markets, internal improvements in products and services and changes to the business environment as reasons for growth.Mark Elborne, GE UK CEO, said These figures demonstrate UK high tech manufacturing can play a pivotal role in turning round the UKs economy.It is extremely encouraging to see a good proportion of these firms are expecting significant growth in the next 12 months.However we need to ensure the conditions are right to help them to grow. Access to finance is important but ensuring the UK is developing the right skills base and encouraging an atmosphere of innovation and collaborative thinking is important.
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Automotive consultants respond to gloomy predictions
Posted on: 05/01/12
Car dealerships will have to rethink their approach to new car sales in 2012, a national consultancy has said in response to downbeat assessments on the industry.Coachworks Consulting, the automotive business improvement specialists, remain optimistic, despite the gloomy outlook posed by PwC and Deloitte reports.Automotive analysts at PwC predicted the new car market will fall below 1.9 million units this year, while Deloitte said new registrations could drop to as low as 1.8 million.Coachworks believe that paying attention to enquiry management processes could help to drive turnover. Karl Davis, managing director of Coachworks, said There is absolutely no reason why most dealerships cannot increase new car turnover in 2012 if they accept the way they do things is flawed.But national demand levels next year will leave no room for Dealer Principals and directors to hide behind technology.Too often in the past they have happily forked out £100,000-plus on enquiry management IT systems without any thought to culture change, leadership and building rapport with customers.In this sort of climate, its no longer enough for leaders to invest in enquiry management technology and then wash their hands of the matter thinking theyve done their bit.He went on to add that enquiry management systems are no substitute for effective leadership.Coachworks has launched a programme called Soul Provider, which aims to transform attitudes, sales and margins across manufacturers and dealerships.The scheme looks at transforming company culture, from the top down, and the business is encouraged to look at how they treat potential customers.Mr Davis continued With effective enquiry management, a different attitude to potential customers, strong leadership and more effective sales coaching, turnover from new cars, upselling and aftersales can increase significantly in 2012, regardless of the economic indicators.As with all our programmes, soul Provider is self-financing and the actions agreed and attitudes learnt will benefit the business for years to come.
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Automotive consultants respond to gloomy predictions
Posted on: 05/01/12
Car dealerships will have to rethink their approach to new car sales in 2012, a national consultancy has said in response to downbeat assessments on the industry.Coachworks Consulting, the automotive business improvement specialists, remain optimistic, despite the gloomy outlook posed by PwC and Deloitte reports.Automotive analysts at PwC predicted the new car market will fall below 1.9 million units this year, while Deloitte said new registrations could drop to as low as 1.8 million.Coachworks believe that paying attention to enquiry management processes could help to drive turnover. Karl Davis, managing director of Coachworks, said There is absolutely no reason why most dealerships cannot increase new car turnover in 2012 if they accept the way they do things is flawed.But national demand levels next year will leave no room for Dealer Principals and directors to hide behind technology.Too often in the past they have happily forked out £100,000-plus on enquiry management IT systems without any thought to culture change, leadership and building rapport with customers.In this sort of climate, its no longer enough for leaders to invest in enquiry management technology and then wash their hands of the matter thinking theyve done their bit.He went on to add that enquiry management systems are no substitute for effective leadership.Coachworks has launched a programme called Soul Provider, which aims to transform attitudes, sales and margins across manufacturers and dealerships.The scheme looks at transforming company culture, from the top down, and the business is encouraged to look at how they treat potential customers.Mr Davis continued With effective enquiry management, a different attitude to potential customers, strong leadership and more effective sales coaching, turnover from new cars, upselling and aftersales can increase significantly in 2012, regardless of the economic indicators.As with all our programmes, soul Provider is self-financing and the actions agreed and attitudes learnt will benefit the business for years to come.
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One Finance UK expands following funding from NBSL
Posted on: 05/01/12
Everyone knows its tough trying to get a mortgage these days, but despite current market conditions some financial advisory firms are bucking the trend and going for growth. a hrefhttpwww.one-finance.comOne Finance UK Ltda based in North Shields is a firm of residential mortgage and insurance experts which is known as the one you can trust. When they needed assistance to help them to grow they turned to NBSL, also a trusted organisation, known for its practical approach in supporting businesses with funding for leadership and management growth which they can access via a simple and quick process.
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Next slumps following high-street disappointment and 2012 outlook
Posted on: 04/01/12
Markets opened marginally lower across Europe following strong gains in the last few trading days and ahead of a German 10 year bund auction, an event that was marred by disappointment last time round as it failed to raise the targeted amount of debt in November. Todays auction went more successfully, drawing total bids of 5.14 billion at an average yield of 1.93. This helped to diffuse fears that Europes power house was being enveloped by the ongoing debt crisis, with the relatively weak demand perhaps not surprising given the extremely low yields.
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Northgate Vehicle Hire announces One Vision Housing contract
Posted on: 04/01/12
Northgate Vehicle Hire, market leaders in flexible vehicle hire and fleet solutions, has won a three-year contract with One Vision Housing OVH, a property services company based in Merseyside, providing the business with a flexible fleet of 80 plus vehicles.
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Tidy your taxes overseas, say experts
Posted on: 04/01/12
North East businesspeople with interests overseas are being encouraged to tidy up their tax affairs abroad or risk the possibility of coming into conflict with new HM Revenue Customs HRMC legislation.HMRC have changed its policy with regard to declarations from people working overseas to help them maximise returns from overseas earnings.Malcolm Tindle of Bell Tindle Williamson and Les Trotter of Ex-Pat Tax Consultants have joined forces to offer advice to individuals in this situation to take protective steps to address any potential issues, and mitigate the size of their tax bill.Tens of thousands of individuals in the region are believed to be affected by the changes, and could be caught out of their fail to file returns for earnings from any sources abroad.Commenting on the changes, Malcolm Tindle said Its not uncommon for these people to have a million pounds or more sitting in an offshore bank account, but bringing these earnings back to the UK presents a problem if they should have been declaring some or all of them here for tax assessment. HMRC has taken a relatively relaxed attitude towards overseas workers up to now, but with the Government needing to bring as much money as possible into the Treasury coffers to help fund its deficit repayment plans, the Revenue now has carte blanche to go after what its owed.HRMC can detect any payments of more than £10,000 coming into UK bank accounts, and lawyers and bank managers involved in financial affairs have the duty to report large sums of money entering domestic bank accounts. Many of the issues focus on residency, considering how often you return to the UK, how long you stay, where you work abroad and how long you were in employment for.Les Trotter continues Each persons National Insurance provides them with a clear view of any gaps in your contributions records over your whole lifetime, and the best move anyone who thinks they might be in the spotlight is to get HMRC to include them in the self-assessment system as quickly as possible. Completing an early tax declaration gives you a solid base from which to start and will highlight any mistakes that might have been made, rather than them coming to light later when far more costly penalties and charges might be applicable.
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Housing Hartlepool heighten Green Credentials
Posted on: 04/01/12
Housing Hartlepool is confirming its commitment to sustainability and the environment, by trialling an electric car for its Homecall Service.As part of the Vela Group, Housing Hartlepool has already made extensive investment in improving their green credentials by installing solar electric and water panels, low energy light fittings, rain water harvesting and mechanical ventilation heat recovery units.For the next six months Housing Hartlepool operatives will have the use of a Peugeot iOn electric car to allow them to perform routine monitoring and emergency call outs to elderly and vulnerable residents across the area. A partially grant funded charging post has also been installed to charge up the car.After the trial period the community monitoring team will assess whether the vehicle has proved cost effective and a beneficial addition to its fleet in the future. Becky Ferry, Environmental Sustainability Coordinator at the Vela Group, said We continually strive to increase awareness and understanding of environmental issues and to reduce Housing Hartlepools carbon footprint.It also is anticipated that the electric vehicle will be much more cost effective than a conventional vehicle. We are looking to replace one of the diesel run vans, which are currently used for routine monitoring and emergency call outs, with an electric vehicle and to potentially provide these vehicles as works pool cars for the company in the future.Housing Hartlepool were given the trial of the car through the Switch EV project, funded by the Technology Strategy Boards Ultra Low Carbon Vehicle Demonstrator Program.
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Housing Hartlepool heighten Green Credentials
Posted on: 04/01/12
Housing Hartlepool is confirming its commitment to sustainability and the environment, by trialling an electric car for its Homecall Service.As part of the Vela Group, Housing Hartlepool has already made extensive investment in improving their green credentials by installing solar electric and water panels, low energy light fittings, rain water harvesting and mechanical ventilation heat recovery units.For the next six months Housing Hartlepool operatives will have the use of a Peugeot iOn electric car to allow them to perform routine monitoring and emergency call outs to elderly and vulnerable residents across the area. A partially grant funded charging post has also been installed to charge up the car.After the trial period the community monitoring team will assess whether the vehicle has proved cost effective and a beneficial addition to its fleet in the future. Becky Ferry, Environmental Sustainability Coordinator at the Vela Group, said We continually strive to increase awareness and understanding of environmental issues and to reduce Housing Hartlepools carbon footprint.It also is anticipated that the electric vehicle will be much more cost effective than a conventional vehicle. We are looking to replace one of the diesel run vans, which are currently used for routine monitoring and emergency call outs, with an electric vehicle and to potentially provide these vehicles as works pool cars for the company in the future.Housing Hartlepool were given the trial of the car through the Switch EV project, funded by the Technology Strategy Boards Ultra Low Carbon Vehicle Demonstrator Program.
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UK could be world leader in science
Posted on: 04/01/12
Britain has the potential to become a leading location for research into physical and life sciences, but only if it receives the correct support, according to the Universities and Science Minister.David Willetts is to set out plans detailing how Britains universities, science facilities and researchers present the UK with an opportunity to profit from the high-tech industries of the future.In a speech at Policy Exchange, David Willets said If properly nurtured they can ensure that Britain will be up there as a leading location for research in the physical and life sciences and beyond. Britain can be the preferred location for companies RD. We can have world-class industries using cutting-edge technologies. We can have a prosperous future with a role in the world.While the UK is already home to make of the worlds best universities, Mr Willetts is proposing to establish a new type of university focusing specifically on science and technology for postgraduate students, whilst attracting more external investment in higher education over the next 3 years.He also hopes to create a new Catapult centre in satellite applications to provide businesses with access to orbit test facilities to develop new technologies, as well as Leadership Councils in E-infrastructure and in Synthetic Biology.Despite the fact that there will be no government funding for these new projects, Mr Willetts has pledged that no funding will be diverted from undergraduate programmes. However, he believes that it will give the UK the opportunity to identify any obstacles than need to be removed to encourage growth.He continued It is an opportunity to seize new freedoms which we proposed in our White Paper last year, and we have already had alot of interest and are keen to move it to the next level. A major city might wish to offer a site as Mayor Bloomberg has just done so successfully with his competition for a new graduate school in New York. We will be discussing with the interested organisations how best to carry this initiative forward.It is also hoped that the changes will present universities with the opportunity to link with new global partners, who could provide the necessary investment into science and technology. As well as this, Mr Willetts is welcoming proposals from Local Economic Partnerships, Universities and Businesses to put forward proposals.Mr Willetts concluded This Coalition, faced with the crucial challenge of sustaining growth after the deepest recession since the War, has a strategy for high tech enterprise. We can be proud of it because it is coherent, serious and rests on a commitment to the future of our country and its economic base.
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Nissan celebrate record breaking successes
Posted on: 04/01/12
Nissan in Sunderland have much to celebrate after the car plant broke their own record of the most vehicles made in the UK in one year.In 2011 Nissan made a total of 480,485 vehicles in Sunderland, a massive increase of their 2010 total of 423,262 -which was in itself the first time any UK car plant had ever made more than 400,000 cars in one year.
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Young rural entrepreneurs to benefit from bright-sparks bursary
Posted on: 04/01/12
There hasnt been a lot of good news on the employment front for young people recently as the number of unemployed people nationally in the age range 16 to 24 hit the 1.02 million mark in September 2011. In the North East the number of young people described as NEET Not in Employment, Education or Training rose from 59,000 in quarter three in the year 2000 to 70,000 in the same quarter in 2011.
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Dont be caught out by transport rules
Posted on: 04/01/12
CHANGES to how hazardous goods and chemicals are transported on the countrys roads are confusing many companies, according to one of the regions specialist hauliers.
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No win, no fee changes spark angry campaign
Posted on: 03/01/12
Personal injury firm, Claim Today Solicitors are to launch a marketing campaign that attacks planned government changes to the legal system.The company claims the changes will drastically reduce ordinary peoples access to justice during 2012. CTS normal advertising features the strap line dont delay, claim today. However in future this will change to, dont delay, claim today before the government takes your rights away.Thats the angle well be using to raise public awareness of the assault on the fundamental rights of individuals to have access to the law to get redress, Rob Bhol, CTS Managing Director.The Legal Aid, Sentencing and Punishment of Offenders Bill is set to be passed by parliament in spring this year, and will make changes to the current system of no win, no fee funding.Government plans include abolishing the success fees paid by defendants to successful claimants solicitors if they lose a case at trial. This was originally designed to encourage defendants to settle simple cases out of court, however the new system will see claimants having to pay these fees out of their compensation. No win, no fee was introduced in 2000 when legal aid was abolished for personal injury claims to enable anyone regardless of their means access to justice. CTS argues that the planned changes will incentivise defendants to hold out to trail in every case putting extra financial strain on claimants which will deter all but the wealthiest of accident victims from seeking justice.The Government has proposed changing NWNF arrangements in an attempt to stem what it calls a compensation culture, but with only around 25 of accident victims ever making a claim, CTS say the Government is attacking a problem that doesnt exist as a result of lobbying for the powerful insurance industry lobby.Mr Bhol added The only beneficiaries from the changes to no win, no fee arrangements will be big insurance companies and rouge employers who neglect health and safety for their workers.In the future people with genuine claims for injuries caused by employers who owe them a duty of care will have no chance of seeking redress.There is though a small window of opportunity before the law is changed thats why we are urging all accident victims to claim today.
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Overtime hours could create 30,000 North East jobs
Posted on: 03/01/12
Employees in the North East worked a total of 57 million unpaid hours in 2011 - enough to create up to 30,000 jobs.This overtime is worth £750 million to the local economy according to the TUC, who compiled the figures.On average, workers across the North East put in an average on 6.2 hours of paid overtime each week, worth around £4,200 a year per person. If these workers who regularly put in unpaid overtime worked all their hours from the start of the year, the first day they would get paid would be Friday 24 February - which has been named Work Your Proper Hours Day by the TUC.The lighthearted campaign is now in its eighth year celebrating the extra hours that millions of workers put in to help their employers. However, the TUC are keen to emphasise that there is a serious message behind the statistics, in that persistent and excessive hours of unpaid overtime are holding back job creation.TUC Regional Secretary Kevin Rowan said Hundreds of thousands of workers across the North East are giving the economy a huge hidden boost by putting in a million hours of unpaid overtime. But while many of the extra unpaid hours worked could easily be reduced by changing work practices and ending the UKs culture of pointless presenteeism, a small number of employers are exploiting staff by regularly forcing them to do excessive amounts of extra work for no extra pay.Mr Rowan is now encouraging employers whos staff work extremely long hours to take on new employees in a bid to ease pressure and provide much needed jobsHe added This attitude is not only bad for workers health, its bad for the economy too as it reduces productivity and holds back job creation. No-one wants to see us to become a nation of clock-watchers. But a more sensible and grown up attitude to working time could cut out needless unpaid hours and help more people into work.
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Morale low among public sector workers
Posted on: 03/01/12
Disillusioned public sector workers appear to have hit a new morale low going into 2012, new research shows.The findings of the Hays Career Outlook Survey undertaken in NovDec 2011 shows that more than 52 of job seekers said they would be prepared to sacrifice their pension for a career in the private sector.Nearly two thirds of workers also considered the public sector a worse place to work following the recession.The perceived higher job security in the private sector was highlighted as a pull factor for public sector workers, although despite this they remain fiercely defensive of their pensions. Elsewhere, the findings show over three-quarters of public sector employers are concerned that they will struggle to keep skilled workers, and almost half say they will be unable to attract the skilled people needed for the twelve months ahead, and 80 believe this will have an impact on the delivery of public services.Almost two-thirds of public sector workers said the public sector is a worse place to work compared to before the recession, as opposed to 40 in the private sector.76 of public sector employers believe the sector is more stressful now than it was a year ago. Andy Robling, public services director at Hays, said These results indicate the potential dangers ahead for the public sector if something is not done to address poor morale and the perceptions some workers have about what the two sectors offer in terms of career progression and job security.The news that over half of workers in the public sector, who often choose work there to make a positive difference to society, would consider trading in their pension for a career in the private sector, underlines how keen they are to move.Whilst conditions in the private sector are challenging too it is clearly one step ahead of the public sector in terms of attracting and motivating talent.Both sectors reported difficult working conditions, with employers describing morale as pressured, and results from the survey show that their employees agree.Public sector employees blame the government, while their private sector counterparts blame the global economy.Robling added In order to be in a position to tackle these important challenges in 2012, its vital that employers in both sectors take action now.
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Kick-start your marketing in 2012
Posted on: 03/01/12
Get off to the best possible start in 2012 by reaching a targeted business audience with Bdaily.
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NOF Energy look forward to a positive year
Posted on: 03/01/12
2012 is set to be positive year for the oil, gas, nuclear and offshore renewable sector according to the NOF Energy Annual Survey.Despite tough economic conditions, 93 of NOF Energys 400 members described themselves as confident or very-confident about the long-term future. The Oil and Gas industry looks especially strong, with 75 of those taking part reporting an increase in sales during 2010.The survey also showed that NOF Energy members will contribute over £7 billion in sales during 2012, and will provide employment for around 50,000 individuals.Joanne Leng MBE, Director Business Development at NOF Energy said It is clear from our annual survey the ongoing importance of the oil gas sector to the energy industry supply chain. While our members are developing their products and services to be applied across traditional and emerging energy sectors, they are taking advantage of a continually expanding oil gas sector.The Subsea sector has enjoyed particular growth, with more than half of memeber companies operating in the industry reporting an increase in sales. This has been attributed to the discovery and recovery of hard to reach hydrocarbon reserves.Despite the positive conditions, many memebres have reported less optimism about the speed of the development of the green energy sectors in the near future, contributing to the slower than anticipated growth in sales.Members are now calling on the Government to facilitate more UK content, with 90 believing that the use of UK suppliers on UK-located projects should receive more encouragement.A lack of necessary skills is also a major concern for the sector, despite an overall increase in employment numbers during 2011. In the past 12 months, 10,000 jobs have been created, but 25 of memebers believe that a shortage of skilled and technically qualified engineers will detrimentally affect their business. Joanne added While the industry remains confident about the future, they are very clear about the challenges they face. Primarily, they are focused on the issue of UK Content issue, which has to be addressed to maintain the supply chains position in established and emerging energy sectors.
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Government launch Manufacturing Advice Consortium for SMEs
Posted on: 03/01/12
The Business Minister Mark Prisk and the Manufacturing Advice Consortium MAC today announced plans for a new national programme to help small and medium manufacturing businesses grow in the difficult economic climate.The new Manufacturing Advice Service will be open to all manufacturing businesses and will provide a range of support mechanisms, ranging from events and consultancy, to referrals and help with supply chain.It is hoped that the service, which will be delivered by the MAC, will generate £1.5 billion in economic growth, 23,000 jobs and safeguard a further 50,000 jobs.Business Minister Mark Prisk commented Manufacturing contributes half of Britains exports and has much higher productivity than the rest of the economy so it is essential to our plans for growth. That is why we are taking steps to ensure our industrial base is thriving as part of a strong and balanced UK economy.The MAS will play a key role in the recovery of the manufacturing sector by encouraging SMEs to improve competitiveness and unlock growth potential.Karl Eddy, head of Government Infrastructure Advisory at Grant Thornton and Head of the Manufacturing Advice Service believe that this type of programme is vital for British businesses.He added As we drive this historically successful programme in to a new era we encourage business leaders, innovators and entrepreneurs in the manufacturing sector to contact a local advisor to find out more about how MAS can deliver real benefits for their business.The Manufacturing Advice Service will support the £125 million funding initiative recently announced by the Government which will cover the whole of England, supporting the supply chain and encouraging new suppliers to invest in the UK.
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TV food star presents cheque to social enterprise
Posted on: 03/01/12
Celebrity chef Hugh Fearnley-Whittingstall presented a cheque for £40,290 to The Bicycle Academy, marking a successful crowd-funded scheme.The money was raised in just 6 days, through the Peoplefund.it website, and founder Andrew Denham was on hand to receive the cheque.Hughs team have pioneered the site, which The Bicycle Academy used to ask people for backing.Investment was needed to establish an innovative bicycle building academy, teaching students how to construct bike frames which will then be distributed across Africa through partner charities providing a vital transport link to food, water and education.Andrew said Its fantastic to be presented with this cheque by Hugh. We owe a very big thanks to Peoplefund.it and the people who backed us.Weve been working towards this for some time, so its a great feeling knowing that well definitely be setting it all up as planned.The response to our Peoplefund campaign has been overwhelming.The concept of Peoplefund.it allows people with a potentially game-changing business idea to ask the general public for funding they need to set up or expand.A target is set for the money, and the organisation set out how the cash will be used, encouraging small pledges.Nick Underhill, managing director of KEO Digital, the group behind Peoplefund.it, said Its a simple, powerful idea. Great ideas can come from anywhere, as long as they might just change the world.Pledges start at £1 and money doesnt leave anyones account until the target is raised.We are looking for good ideas that may just make a global difference and we want to empower people to take positive action. Hugh Fearnley-Whittingstall, said The success of our Fish Fight, Landshare, and Chicken Out campaigns have shown that solutions and impetus often come from grass roots collective action, and have the power to effect more remarkable change than we really ever imagined.Peoplefund.it builds on that momentum and gives people the means to take their ideas forward. We want it to be a fantastic tool for entrepreneurs and idealists who capture the popular imagination.
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TV food star presents cheque to social enterprise
Posted on: 03/01/12
Celebrity chef Hugh Fearnley-Whittingstall presented a cheque for £40,290 to The Bicycle Academy, marking a successful crowd-funded scheme.The money was raised in just 6 days, through the Peoplefund.it website, and founder Andrew Denham was on hand to receive the cheque.Hughs team have pioneered the site, which The Bicycle Academy used to ask people for backing.Investment was needed to establish an innovative bicycle building academy, teaching students how to construct bike frames which will then be distributed across Africa through partner charities providing a vital transport link to food, water and education.Andrew said Its fantastic to be presented with this cheque by Hugh. We owe a very big thanks to Peoplefund.it and the people who backed us.Weve been working towards this for some time, so its a great feeling knowing that well definitely be setting it all up as planned.The response to our Peoplefund campaign has been overwhelming.The concept of Peoplefund.it allows people with a potentially game-changing business idea to ask the general public for funding they need to set up or expand.A target is set for the money, and the organisation set out how the cash will be used, encouraging small pledges.Nick Underhill, managing director of KEO Digital, the group behind Peoplefund.it, said Its a simple, powerful idea. Great ideas can come from anywhere, as long as they might just change the world.Pledges start at £1 and money doesnt leave anyones account until the target is raised.We are looking for good ideas that may just make a global difference and we want to empower people to take positive action. Hugh Fearnley-Whittingstall, said The success of our Fish Fight, Landshare, and Chicken Out campaigns have shown that solutions and impetus often come from grass roots collective action, and have the power to effect more remarkable change than we really ever imagined.Peoplefund.it builds on that momentum and gives people the means to take their ideas forward. We want it to be a fantastic tool for entrepreneurs and idealists who capture the popular imagination.
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Opportunities in corporate bonds and high dividend yields
Posted on: 03/01/12
The future of the euro remains centre stage and this will continue to dominate the economic agenda in 2012, synchronised unfortunately with the multi-year theme of reducing debt levels across both the US and the UK. Periphery euro-zone countries remain uncompetitive. With these economies now refinancing debt at well over 6 and with no growth, it is clear that debt numbers will continue to compound, said Gayle Schumacher, Head of Investment Office, Coutts. Against this fierce austerity backdrop, we are guaranteed a rocky first quarter as European politicians ask the electorate to approve plans for fiscal union.Over the next 12 months, with high inflation and low interest rates continuing, Coutts predicts that the search for income will be one of the most important goals for investors. Corporate bonds, emerging-market debt and gold will be better placed than global government bonds to deliver absolute positive returns. Overall, equities are likely to generate better returns compared to fixed income. Investing in high yielding equities will help investors to moderate market volatility, as well as provide income. UK commercial property, in particular the Central London office market, will provide attractive returns in a low-yield environment. Investment themes highlighted in the Coutts Global Market Update are Long-term strategies are required for equities. With low returns on cash, investors will need to take a longer-term horizon to preserve the value of money through investing. Alan Higgins, Chief Investment Officer UK, Coutts, believes In order to take advantage of current low valuations in equity markets, history suggests that an eight-year time horizon is required. For investors who can afford to take equity risk, drip feeding money into markets over the coming months will make sense over the longer term.Asian economies will slow in 2012. Weak growth in Europe, a key trading partner for Asia, will be a key driver for slowing momentum, along with the lagged impact of 2011s domestic policy tightening. We expect Asian policy-makers to address some of the problems stemming from Europe, which includes bank lending to businesses, with a continuation of easing fiscal and monetary policies, said Norman Villamin, Chief Investment Officer Asia, Coutts. We dont expect further interest rate cuts in the early part of 2012, but real interest rates are expected to stay low.Stay with gold for commodities exposure. Gold is not immune to market volatility, but drivers such as the growth of central bank reserves and negative real yields from interest rates provide a positive outlook for the asset class. Gold is looking more attractive than other commodities as it is less likely to be affected by the lack of global growth.
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Eldon Square witnesses record number of visitors
Posted on: 03/01/12
In the week before Christmas, more than a million shoppers visited Eldon Square the Shopping Centres highest ever figure.
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NECC reveal 2012 Growth Manifesto
Posted on: 03/01/12
The North East Chamber of Commerce NECC is calling on the Government to make 2012 the year it begins to formally rebalance the UK economy.
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Year ends on a positive for shares
Posted on: 30/12/11
With little in the way of news to provide direction and many an empty trading desk due to the session being just a half day, it was an uninspiring end to the calendar year for UK shares. Not unlike the previous day the initial hours were spent flip flopping between positive and negative territory but gradually markets maintained downward momentum as the morning wore on and the FTSE 100 was lower by 30 points at one point. However, a fantastic last half hour rally meant the year would still end on a high and the blue-chip index closed at 5572, a 5.5 point gain. So a dramatic year came to an end, the FTSE 100 losing approximately 6 over the 12 months, versus a virtually flat year for the SP 500 in the US, but falls of between 15 and 18 for the Dax and CAC 40 of Germany and France respectively. In bond markets the UK continued to show the benefit of having control of your own national fiscal policy. Despite austerity the UK still has a worse annual deficit at present than both Spain and Italy, but as Italian 10 year yields stubbornly remained at 7, the 10 year UK gilt yield fell to a new all time low of 1.95.Gold was able to reverse some of its recent losses, rising 2.5 to 1570, whilst Silver posted a spectacular gain of over 5. Elsewhere though commodity markets were quiet, little price changes being seen anywhere, including oil as Brent Crude moved ahead by just 0.3.
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Funding available to help firms increase profitability
Posted on: 30/12/11
Businesses in the North East region that need to grow to compete may be eligible for up to £1000 of funding to assist with their development needs. a hrefhttpwww.nbsl.org.ukNBSLa has been running the North Easts Leadership and Management Advisory Service since 2004 and can provide grant support giving businesses a fantastic opportunity to access specialist help that will kick start their growth.
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Funding available to help firms increase profitability
Posted on: 30/12/11
Businesses in the North East region that need to grow to compete may be eligible for up to £1000 of funding to assist with their development needs. a hrefhttpwww.nbsl.org.ukNBSLa has been running the North Easts Leadership and Management Advisory Service since 2004 and can provide grant support giving businesses a fantastic opportunity to access specialist help that will kick start their growth.
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Exports vital to 2012 success
Posted on: 30/12/11
Exporters contribute 60 of UK productivity growth, and the UKs many successful export businesses will play a vital part in national prosperity.That is end of year message from Nick Baird, CEO of UK Trade Investment, who suggests that British companies have never before been more export aware. Over the last 12 months, UK Trade Investment has assisted 24,000 companies in exploration of overseas opportunities. Three of these companies are Newcastle-based Nomad Digital, OnePoint Systems Ltd of Sunderland, and Whitburns Phasor Ltd.Nomad enlisted UKTI help to support expansion in the Asia Pacific region, while OnePoint has secured two major contracts in the USA, and Phasor have exported to China and USA. Peter Hage, Technical Director at Phasor Ltd, said Following the successful implementation of five of our £20,000 systems for the inspection of engine seals for a company in the north east of China, we received orders for two more machines for their sister company in the USA. This work has been heavily supported by the UKTI Passport to Export scheme which provided marketing and travel support along with funding for a small exhibition for which we shipped a demonstration system to China. This helped us win the orders for the first five machines. Our success is based on high technology solutions coupled with comprehensive support, providing machines at a cost effective pricing structure to companies expanding in the automotive markets. China is a massive market for this equipment and we see an excellent future there.Statistics show that exporters become more productive, more resilient and more profitable, and Mr Baird remarks No business can afford to sit still.Mr Baird said When I worked overseas I saw for myself the opportunities that existed for British companies, particularly in emerging and high growth markets.Next year will see even more British businesses take advantage of these exciting prospects. The EUKorea Free Trade Agreement, for instance, will reduce tariffs on 97 of all goods and services and represents a huge opening for British exporters to grow in Asia.Next year, as hosts of the Olympics, the UK will have a unique opportunity to showcase our talented businesses to overseas investors.UK Trade Investment can help businesses take advantage of this occasion. We already offer free trade advice to companies looking to export and have a range of other services to help businesses better understand overseas markets.2012 will be the year when we not only showcase British sporting talent but also our businesses prowess to the rest of the World.
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Exports vital to 2012 success
Posted on: 30/12/11
Exporters contribute 60 of UK productivity growth, and the UKs many successful export businesses will play a vital part in national prosperity.That is end of year message from Nick Baird, CEO of UK Trade Investment, who suggests that British companies have never before been more export aware. Over the last 12 months, UK Trade Investment has assisted 24,000 companies in exploration of overseas opportunities. Three of these companies are Newcastle-based Nomad Digital, OnePoint Systems Ltd of Sunderland, and Whitburns Phasor Ltd.Nomad enlisted UKTI help to support expansion in the Asia Pacific region, while OnePoint has secured two major contracts in the USA, and Phasor have exported to China and USA. Peter Hage, Technical Director at Phasor Ltd, said Following the successful implementation of five of our £20,000 systems for the inspection of engine seals for a company in the north east of China, we received orders for two more machines for their sister company in the USA. This work has been heavily supported by the UKTI Passport to Export scheme which provided marketing and travel support along with funding for a small exhibition for which we shipped a demonstration system to China. This helped us win the orders for the first five machines. Our success is based on high technology solutions coupled with comprehensive support, providing machines at a cost effective pricing structure to companies expanding in the automotive markets. China is a massive market for this equipment and we see an excellent future there.Statistics show that exporters become more productive, more resilient and more profitable, and Mr Baird remarks No business can afford to sit still.Mr Baird said When I worked overseas I saw for myself the opportunities that existed for British companies, particularly in emerging and high growth markets.Next year will see even more British businesses take advantage of these exciting prospects. The EUKorea Free Trade Agreement, for instance, will reduce tariffs on 97 of all goods and services and represents a huge opening for British exporters to grow in Asia.Next year, as hosts of the Olympics, the UK will have a unique opportunity to showcase our talented businesses to overseas investors.UK Trade Investment can help businesses take advantage of this occasion. We already offer free trade advice to companies looking to export and have a range of other services to help businesses better understand overseas markets.2012 will be the year when we not only showcase British sporting talent but also our businesses prowess to the rest of the World.
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Networking with Linkedin a guide from NBSL
Posted on: 29/12/11
a hrefhttpwww.linkedin.comLinkedIna could be described as a hrefhttpwww.facebook.comFacebooka for business people but its much more than that. LinkedIn is a way of networking online and connecting with people you know in a business capacity and also connecting to people that you may want to do business with in the future.
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Networking with Linkedin a guide from NBSL
Posted on: 29/12/11
a hrefhttpwww.linkedin.comLinkedIna could be described as a hrefhttpwww.facebook.comFacebooka for business people but its much more than that. LinkedIn is a way of networking online and connecting with people you know in a business capacity and also connecting to people that you may want to do business with in the future.
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North East firm tap into growth fund
Posted on: 29/12/11
A Stanley-based electronics company, who make amplifier parts for top rock bands such as The Foo Fighters, Kings of Leon and Blur, have secured significant investment.Financial experts Harlands have assisted the company in securing £75,000 from the Regional Growth Fund.The money will be used to press ahead with expansion plans at its premises on the Morrison Industrial Estate in Annfield Plain.Glyn Davison, managing director of Harlands Accountants, said We are delighted that we have been able to help secure significant investment for some of our high growth customers.Harlands is always about making our clients more profitable as well as helping to manage their financial affairs.The RGF investment for BLS Electronics came at exactly the right time, with the business enjoying record orders and looking to extend its premises and bring in additional staff.The firm had helped several clients make applications to the Regional Growth Fund, and the success follows their award for Independent Firm of the Year in the 2009 North East Accountancy Awards.BLS, which celebrates its 40th anniversary in 2012, manufactures electronic transformers for a wide variety of uses including sheep shearing machines, beer pipe cleaning equipment, PAT testing equipment and guitar amplifiers.Managing director Fran Williams, said Harlands has changed the world for us and have worked extremely hard to unlock the potential of our business.They have been amazing mentors, they always have the time for us, are willing to listen and help us to get on the right track.We really enjoy working with the team at Harlands and can see the relationship continuing for a long time into the future.
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Time to reflect to achieve business growth
Posted on: 28/12/11
When Linda Hugill of a hrefhttpwww.mungaimirrors.co.ukMungai Mirrorsa expanded the companys range of specialist acrylic safety mirrors, just months after moving into new factory premises in Chester le Street Co Durham, she knew she needed support to grow the business and develop the team to keep up with sales.
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Toffee Factory welcomes new residents
Posted on: 28/12/11
The newly revamped Toffee Factory in Newcastle welcomed its first tenants last week, following a £6m makeover that has made it a regional creative business hub.The former Maynards Toffee Factory, at the southern end of the Ouseburn Valley has been transformed over the last year by Sunderland firm Brims Construction.Seven firms moved into the building, which is now owned by Newcastle City Council, after the decision to axe 1NG, the organisation which commissioned the scheme.Coun Nick Forbes, leader of Newcastle City Council, said The successful redevelopment of the Toffee Factory will enhance the citys growing international reputation as a centre for cultural and creative industries, help to grow the knowledge economy and create much need employment opportunities.It is another important step in the wider regeneration of the Ouseburn Valley which will support small businesses and put us at the forefront of innovation in the design and digital sectors.
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Seafarers receive a warm Christmas welcome
Posted on: 27/12/11
The Port of Tyne is offering visiting ships crews an extra special Christmas this year, by providing phone cards for them to speak to their loved ones all over the world.The Port is sponsoring the Mission to Seafarers to help crew members and others who are on their own or away from their families at this time of year. Crews have been offered phone cards they could not otherwise afford, and other festive treats provide a warm welcome for them at the Port of Tyne this Christmas.Mike Nicholson, Harbour Master, Port of Tyne, says The Mission to Seafarers donate their valuable time to supporting seafarers in 250 ports worldwide. We were more than happy to support this worthy cause in order to make the lives of those at sea more enjoyable over Christmas.The Mission to Seafarers care for victims of piracy, provide a lifeline to seafarers stranded in foreign ports and provide a space to relax, supporting the worlds 1.2 million seafarers.Their services include ship-visiting, flying Angel centres, justice and welfare services, communication, counseling, transport, emergency support, post-trauma care, high-level advocacy and spiritual support.Dianne Erskine, Welfare Officer for the Mission to Seafarers, says We are really grateful to the Port of Tyne for helping out at this time of year. It means a lot to those men who are away from home during the festive period. Any comfort that we can give is always appreciated and very well received.
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Seafarers receive a warm Christmas welcome
Posted on: 27/12/11
The Port of Tyne is offering visiting ships crews an extra special Christmas this year, by providing phone cards for them to speak to their loved ones all over the world.The Port is sponsoring the Mission to Seafarers to help crew members and others who are on their own or away from their families at this time of year. Crews have been offered phone cards they could not otherwise afford, and other festive treats provide a warm welcome for them at the Port of Tyne this Christmas.Mike Nicholson, Harbour Master, Port of Tyne, says The Mission to Seafarers donate their valuable time to supporting seafarers in 250 ports worldwide. We were more than happy to support this worthy cause in order to make the lives of those at sea more enjoyable over Christmas.The Mission to Seafarers care for victims of piracy, provide a lifeline to seafarers stranded in foreign ports and provide a space to relax, supporting the worlds 1.2 million seafarers.Their services include ship-visiting, flying Angel centres, justice and welfare services, communication, counseling, transport, emergency support, post-trauma care, high-level advocacy and spiritual support.Dianne Erskine, Welfare Officer for the Mission to Seafarers, says We are really grateful to the Port of Tyne for helping out at this time of year. It means a lot to those men who are away from home during the festive period. Any comfort that we can give is always appreciated and very well received.
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FTSE edges higher into Christmas
Posted on: 23/12/11
European indices managed to post small gains in the last trading day before Christmas, positive momentum continuing from a raft of largely encouraging US economic data released yesterday. Whilst GDP was revised lower, weekly claims for jobless benefits came in below expectations and at a three and a half year low.
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PPI claims on the rise
Posted on: 23/12/11
Real Time Claims, the consumer PPI claims handling firm, has seen a 2,500 rise in applications over the past three months.The rise comes as banks have set aside £10bn to settle mis-sold PPI compensation.Colin Anderson has recently received £2000, having discovered that he had unknowingly been paying for the insurance on a Lloyds bank loan taken out four years ago.He said To get my money back on a policy I didnt even realise I was paying couldnt have come at a better time. I would encourage anyone in the same situation to do this, and I had known before how quick and easy it was to see if I had been mis-sold the insurance, I would have applied sooner.The process of claiming can take between three to eight weeks from initial enquiry, and clients have the facility to track their claim.Managing director Stuart Bell added We are pleased that people are now more aware that they are entitled to get their money back on policies they didnt realise they were paying for and that we can help people like Colin reclaim what is rightfully theirs.It is amazing how many others are still sitting on money unaware of their potential windfall.Anyone who has taken out a bank loan, credit card, mortgage, car finance agreement where they have paid out for payment protection insurance will most likely be owed money.
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Euro weighed down
Posted on: 23/12/11
Until recently, the euro had remained surprisingly resilient despite a marked escalation of the euro-zone debt crisis. Through the end of October, the euro had gained 5 against the dollar for the year. But since then, doubts about the euro-zones survival have increased and the euro has trended lower. The early-December European summit wasnt enough to reverse this trend, and the euro is now trading near this years trough. In our view, Europes single currency has little upside potential without a major shift in European politics which we dont envisage happening anytime soon.
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British Airways owner gains on BMI deal
Posted on: 23/12/11
Markets posted strong gains today as commodity prices lifted energy companies and miners. The FTSE 100 quickly rose more than 1, a level that it maintained for the rest of the day. Investors learnt that International Airlines Group IAG, the owner of British Airways, has bought British Midland International BMI from the German airline Lufthansa for a sum of 172.5 million. Whilst BMI is loss making, the deal will bring the rights to more than 50 new landing slots at Heathrow airport, one of the worlds busiest. The cost to IAG was, according to some analysts, slightly higher than they expected, possibly because of interest in BMI from Virgin. Still the deal saw IAG one of the best performers on the FTSE 100 with its 3.3 gain to finish at 149.9p.
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Vertem celebrated by Citywire
Posted on: 22/12/11
Vertem Asset Management is celebrating after being named by Citywire as one of the years top ten wealth manager profiles.As they have been open for less than a year, founders John Dance and Gary Stockdale were more than a little surprised to be named alongside some of the Citys biggest and most well known playersNo-one said that we were going to be mentioned, recounts John. So I was more than a little surprised to open the Citywire email and see us named as one of the best profiles of the year.We are both incredibly proud to be ranked so highly by Citywire, as it shows that what we do has real value.In their listing, the pair are described as having palpable and infectious enthusiasm for what they do, and relish the chance to find and buy the best companies they can, and it is clear that the pair pride themselves on these statements.We have always seen ourselves as being a little different - less formal and rigid than your traditional wealth managers, and this recognition proves it, John continues.Vertem was also the only North East based asset manager named on the list, a fact which is a source of great pride for the pair.Finance tends to be pretty south-east centric, so in that respect its great, Gary sais. It can be hard to get people to trust new players on the market, especially when you are up against national players, but this accolade will really help us build up credibility.Following this accolade, the pair are now hoping to continue their success well into 2012. Its a great start to the New Year for us, Gary adds. We are now looking forward to cultivating other relationships, especially relationships within the North East.We have tried really hard to succeed, and it has certainly paid off.
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Trio of catering competitors join forces.
Posted on: 22/12/11
The regions biggest kitchen equipment competitors have joined forces after the appointment of the latest members.Upnorth Group headhunted Tom Cummings from their previous competitor Howell-Cummings to join their Food Service Equipment as a field sales executive.Tom brings 40 years of experience with him to the company, in a move which follows the merger of commercial catering equipment firm Quay Catering Solutions with Upnorth Food Service Equipment in September 2012.The Group is now the united provider of all UK catering equipment, and Tom now hopes to bring in even bigger contracts.He commented The difference from this time last year provides us with exciting prospects for the future now that we are all working together. Our combined contacts, strengths and experience will help grow the business to the next level, increasing the service and sales of the catering equipment side of the business.The Food Equipment Services division is now on target to double its turnover in 2012, creating further North East jobs.Richard Toye, director of Upnorth Food Service Equipment, said Where we can, we always look to employ or contract staff from the region. We have a lot of ambition for the business including looking to further the consultancy side. Being a member of many organisations including NECTA North East Culinary Trade Association, LACA Local Authority Catering Association and HCA Hospital Catering Association the addition of Tom will help us to gel our experiences together which will open up more opportunities for us.The Group is also a member of the Food Consultant Service Industries, which enables then to be prominent in major projects and develop the energy saving side of the catering division.
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New apprentice academy plans for North Tyneside
Posted on: 22/12/11
One of Britains most innovative young companies is planning a brand new apprentice academy for the North East.
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BT announces super-fast connectivity for South West
Posted on: 22/12/11
BT has announced that more than one million South West homes and businesses will have access to super-fast broadband by the end of next year.18 communities including Cirencester, Dorchester, Gloucester, Newton Abbot, Poole, Tewkewbury, Weston-Super-Mate and Yeovil, have been added to BTs £2.5 billion roll-out of fibre broadband.Nearly 250,000 homes and businesses in the region are due to receive the upgrade, with work to be completed during 2012.BTs local network business Openreach is driving forward plans to make super-fast fibre broadband available to two-thirds of UK premises by the end of 2014. A mix of fibre to cabinet FTTC and fibre to premises FTTP technologies will ensure speeds are superior to those previously available to many UK homes and businesses. Jon Reynolds, BTs South West regional director, said This latest major investment is a tremendous boost for the South West.Super-fast broadband will be welcomed by families throughout the area because it will help improve their quality of life and leisure and open new doors through online learning and fast access to information and services.And its also going to provide a huge boost for businesses and the regions economy.At a stroke, SMEs will have access to big business speeds at much lower costs, allowing them to find new markets, boost their competitiveness and create new jobs. He went on to explain how faster upstream speeds are a boon for flexible and remote working, which in turn slashes office overheads and improves employees work-life balance.Mr Reynolds also suggested that partnership with the public sector was required to provide access to BT technology in rural areas.Barbara Janke, Bristol City Council leader added Bristol is well-known as a digital leader amongst cities.It is very welcome news that more communities and companies across Bristol are going to have access to super-fast broadband.The investment means faster connections, better access to online services and more incentive for people to get online.We are keen to work with partner providers such as BT to make sure the infrastructure is there for our companies to thrive and grow, and all our residents have the opportunities to benefit from using the internet.
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Whats on Christmas week
Posted on: 22/12/11
This weeks top pickWoodlawn Christmas Pudding Fun Run 2011 - The Links, Whitley Bay. Boxing Day Monday December 26. Registration 9am. £6 adults £3 under 16s.Take part in the annual 3.5 mile pudding fun run along Whitley Bay seafront. Tynemouth MP Alan Campbell, who starts the race every year says I am delighted to have been asked once again to start the annual Xmas Pudding Fun Run and to be able to support Woodlawn School. It is a great community event, an opportunity to run off the excesses of the day before and all in agood cause. I would encourage as many people as possible to take part and to come to the Links to watch and support the event. Every competitor who finishes the course will receive a Christmas pudding and a certificate. Woodlawn school, in West Monkseaton, is a special school for children from 2 to 18 years old with physical, medical and sensory needs.FamilyEnglish Heritage Christmas events at Belsay Hall and Carlisle Castle. Tuesday December 27 - Thursday December 29. A great series of events to occupy the time between Christmas and New Year. At Belsay, the ghosts of Christmases past, present and future will come together for performances of festive classics, such as A Christmas Carol 11am 2pm each day, and the Storytellers Theatre Company will bring rap, song and mirth to Dickens novel in performances that will entertain everyone. Over in Cumbria, Carlisle Castle will be warming visitors to its Christmas tours with a drop of mulled wine. Take an intimate Characters of the Castle tour Wednesday 28 - Friday 30, with tales of murder, mystery and mayhem. MusicThe Snowman, performed by the Northern Sinfonia - The Sage Gateshead. Christmas Eve Saturday December 24, 11am and 2pm. Tickets £15 £7.50.The annual screening of the classic Raymond Briggs film, The Snowman, with music accompaniment from the Northern Sinfonia. The orchestra perform Howard Blakes score live, and a chorister will sing Walking In The Air. A Christmas tradition at The Sage, and a magical experience for all.FilmThe Girl With The Dragon Tattoo - Tyneside Cinema, Newcastle. Wednesday December 28, 2pm 3.15pm and 8.10pm. Tickets £8 £6.95. Based on the first book of Stieg Larssons Millennium Trilogy, The Girl With The Dragon Tattoo is a Hollywood remake that does not detract from the original. David Fincher, the man behind the likes of Se7en and Fight Club, directs the feel-bad movie of Christmas. Lisbeth Salander is a cyber goth hacker with a troubled past who joins forces with Mikael Blomkvist Daniel Craig to investigate the decades-old case of a disappeared girl. The story twists and turns itself through murder and deceit. TheatreChristmas Pantomime Dick Whittington - The Tyne Journal Theatre, Newcastle. Tickets £10.Join Dick Whittington and his cat as they journey to London to find their fortune in a brand new show full of colourful characters, live music, much mayhem, and the very evil Queen Rat.Award winning comedians Maxie Mitch deliver the very best of traditional panto entertainment to the families of the North East this Christmas. Look forward to gags to suit the children, and some to tickle the grown-ups.
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NBSL funding supports VOSS to grow new brand
Posted on: 22/12/11
Voss, a hrefhttpwww.virtualofficesupportservices.co.ukVirtual Office Support Servicesa, established by Rachel Mackay, specialises in performing a wide range of administrative tasks on behalf of small, medium and large sized businesses nationally.
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AIM Listed companies show unexpected increase
Posted on: 22/12/11
New research has shown that the number of AIM listed companies is set to increase for the first time since 2007 during the first half of 2012, indicating that the shake out of the market is nearing completion.Between 2007 and 2011 numbers of companies on the AIM have fallen from 1,694 to 1,150, while listed companies have left the market in droves. Last month however, the total number of de-listings was was just 131, a fall of 55 with the peak recorded in 2009 when 293 companies were de-listed.Rob Seldon, capital markets partner at Deloitte North East commented By its very nature AIM is a dynamic market. The classic AIM strategy for a company is to join during an expansion phase, use AIM to build profile and access growth capital, and then depart either to a premium listing or potentially be taken over by a larger player in the same industry. The consequence of this dynamism is that over the medium term the constituent members of the market can churn quite significantly. From another angle, if you compare the top 50 capitalised companies on AIM at 31 December 2007 only 9 remain in the top 50 at 30 November 2011 it is a substantially changed population.This move also indicates a change in AIM listings, which have previously been criticised for listing companies of dubious quality.Mr Seldon added The AIM markets return to growth will stimulate a more positive outlook for investors in small cap high growth companies. 2012 is set to be an exciting year for followers of the AIM market.
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Mixed reception to record ECB lending
Posted on: 21/12/11
Banking stocks led the European markets higher this morning, positive sentiment apparently continuing from yesterdays German and US data, as well as a surprisingly successful Spanish bond auction. The euro matched the 0.5 gains seen on most indices. There was some disappointment for the UK and although it didnt necessarily show on the FTSE, investors learnt that our triple-A credit rating was in jeopardy due to the ongoing eurozone crisis, perhaps something that was already well appreciated by the market. Further, Gfk Consumer Confidence indicated that British morale was almost at a three year low.
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Event to address telecoms and technology MAs
Posted on: 21/12/11
A new industry and finance conference is launching in London on March 14 to tackle an anticipated surge in mergers and acquisitions activity between telecoms and technology companies.TMT MA Forum 2012 is designed as a knowledge sharing platform designed to meet the forecast activity in mature and emerging markets.The event will gather leading industry executives including CEOs, CSOs, CFOs and Heads of MA, with investment bankers, private equity investors and specialist legal and strategic advisers to assess how transactions will drive change in telecoms, tech and media globally.Dominic Lowndes, managing director of TMT Ventures, the event researchers and publishers of TMT Finance News, said A number of factors are driving deals including deconsolidation in European telecoms where operators must dispose of assets and infrastructure to fuel acquisitions of 4G spectrum and technology upgrades.Emerging markets telecoms MA is also increasing, especially in Africa and the Middle East, and new technology and internet business models are driving deals across all markets as we enter the next stage of convergence.Programme highlights across the forum will include keynotes by leading telecom and technology executives, investment bankers and professional advisers.The event will also provide exceptional networking opportunities with industry peers from service providers, finance and investment experts, law firms and professional intermediaries. Sessions will include focus on Telecom Consolidation - How disposal strategies are shifting the balance Infrastructure Ownership - Strategies for Investment, Sale and Leaseback Convergence - the next wave of impact from technology and the internet Spectrum Auctions and Financing MA - assessing capital and structuring deals. Dominic continued This conference on TMT MA is especially timely because the challenging global economic conditions combined with rapid technology shifts will expediate deal activity across all markets.Access to finance and a deep understanding of the wider strategic technology and regulatory framework will be critical for those looking to lead the communications sector for the next decade.
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Event to address telecoms and technology MAs
Posted on: 21/12/11
A new industry and finance conference is launching in London on March 14 to tackle an anticipated surge in mergers and acquisitions activity between telecoms and technology companies.TMT MA Forum 2012 is designed as a knowledge sharing platform designed to meet the forecast activity in mature and emerging markets.The event will gather leading industry executives including CEOs, CSOs, CFOs and Heads of MA, with investment bankers, private equity investors and specialist legal and strategic advisers to assess how transactions will drive change in telecoms, tech and media globally.Dominic Lowndes, managing director of TMT Ventures, the event researchers and publishers of TMT Finance News, said A number of factors are driving deals including deconsolidation in European telecoms where operators must dispose of assets and infrastructure to fuel acquisitions of 4G spectrum and technology upgrades.Emerging markets telecoms MA is also increasing, especially in Africa and the Middle East, and new technology and internet business models are driving deals across all markets as we enter the next stage of convergence.Programme highlights across the forum will include keynotes by leading telecom and technology executives, investment bankers and professional advisers.The event will also provide exceptional networking opportunities with industry peers from service providers, finance and investment experts, law firms and professional intermediaries. Sessions will include focus on Telecom Consolidation - How disposal strategies are shifting the balance Infrastructure Ownership - Strategies for Investment, Sale and Leaseback Convergence - the next wave of impact from technology and the internet Spectrum Auctions and Financing MA - assessing capital and structuring deals. Dominic continued This conference on TMT MA is especially timely because the challenging global economic conditions combined with rapid technology shifts will expediate deal activity across all markets.Access to finance and a deep understanding of the wider strategic technology and regulatory framework will be critical for those looking to lead the communications sector for the next decade.
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18 Barratts and Priceless stores set to close
Posted on: 21/12/11
Five Barratts and 13 Priceless shoe stores are set to close on 23 December 2011, leaving 127 employees redundant.Daniel Butters, Neville Kahn and Adrian Berry from Deloitte were appointed joint administrators over the Barratts Priceless Group on Thursday 8th december 2011.Daniel Butters, Joint Administrator and partner in Deloittes restructuring services practice, comments Regrettably, we have been unable to continue to trade all of the Barratts Priceless Group stores and have had to make 127 employees across 18 stores redundant. In addition, a total of 43 staff were made redundant from the head office based in Bradford. Employees in this position will be paid up until the last day of employment. We have provided the employees with full briefings to help them understand their position and the further support available through the Redundancy Payment Office.The administrators will continue to trade the stores whilst seeking a buyer for all or parts of the business as a going concern.
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Charity receives early Christmas gift from Greggs
Posted on: 21/12/11
Specialist food charity The Cyrenians FareShare North East has received an early Christmas gift from Greggs.The bakery firm has donated a long wheel based Volkswagen delivery van, which is capable of carrying three full pallets of food, or the equivalent of over 4,000 meals.It will allow the Cyrenians Fareshare North East to distribute an additional 15 tons of food donations to an extra 40 projects which support people suffering food poverty.Michael Shields, General Manager of The Cyrenians FareShare North East, saidIts fair to say that this van will be clocking up the miles, we expect it to become a well-recognised feature on North East roads as it travels between our hubs in Newcastle, Middlesbrough and Durham and projects serving people in need. The Cyrenians FareShare North East is extremely grateful for this van. Transporting goods is fundamental to us we can now fetch and carry larger volumes of food than ever before. Were looking forward to more food providers and producers and more projects serving people in need getting in touch with us.Food is already donated to The Cyrenians main depot in Newcastle by Greggs three days each week.Ken McMeikan, Chief Executive of Greggs, explained We are delighted to be able to support The Cyrenians FareShare North East in this way. We have supplied surplus foods from Greggs since The Cyrenians started the FareShare service in the North East in 2008. We also work with The Cyrenians in a range of other ways including skills training and mentoring for homeless people, and providing work placement opportunities at Greggs. We have always been impressed with The Cyrenians commitment and innovation in supporting people in need, and hope that the van will enable them to deliver more food to those people who so desperately need help every day.In the UK every year, around 3 million tonnes of food is wasted by the food industry 2.6 million tonnes is thrown away by the manufacturing sector along 362,000 tonnes by the retail sector and 4,000 tonnes is wasted during distribution.
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Search for National Drug Worker of the Year
Posted on: 21/12/11
The search is on for the national drug worker of the year. The awards, part of the Home Offices Tackling Drugs Changing Lives campaign, are open to all public and voluntary sector workers in the UK who have taken direct positive action to tackle drug issues in the local community. Two awards are available, one for an individual and one for a team, and each winner will receive £10,000 for their organisation.
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China leads world in patent applications
Posted on: 21/12/11
China leads the world on patent filings, and looks set to continue at a rapid pace.Findings of the recent Thomson Reuters Invented In China report show that patent filings have increased by more than 450 since 2000.This rate far out-paces other countries such as the US and Japan, despite wide-spread counterfeiting and infringement.As China moves to set-up its intellectual property reputation, the report suggests the country is manoeuvring from a made in China to a designed in China economy.Published applications of patents rose by 16.7 per year in the period between 2006 and 2010, and in 2008 China invested the equivalent of 65.8 billion in research and development.Since 1949, the Chinese Communist Party has laid out a number of 5-year plans, that have driven China to become the worlds second largest economy.Published patent applications in the country are projected to reach 500,000 by 2015, as the recent science and technology plan encourages an innovation orientated society.Publication of scientific literature is also booming in the country, as over the last five years there has been an 80 increase in output.The US currently has the highest output, and grew just 5 in the same period. Despite affirming its place as a global player, the report also highlights a number of challenges that lie ahead for China.It lags behind in corporate innovation, as the most innovative companies are based in the US at 40, Europe at 29 and Japan at 27.The country also trails in protecting their inventions, as only 5.6 of Chinas are protected with global patent filings abroad, far less than the US at 48.8. David Brown, president of IP Solutions business of Thomson Reuters, said Intellectual property is the bridge that connects innovation with economic growth.
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Asset Finance -Helping Businesses Invest to Progress
Posted on: 21/12/11
A key strength of Yorkshire Banks North East Team, which provides business banking fromoffices in Newcastle and Stockton, is asset finance so businesses can invest in equipment tosupport their growth.Asset finance, which has several different forms including hire purchase and lease hire, allows us to fund the acquisition of vehicles, machinery and plant for businesses in a way which enables us to use the asset as security for the loan.Whatever form of asset finance is selected, the basic agreement is usually the same Yorkshire Bank retains ownership of the asset and the business pays an agreed amount for its use and assumes ownership when the bank loan is repaid.Virtually all businesses need to acquire fixed assets at some stage whether it is a companycar or a new production line. As long as we can see that the business can meet its commitments under an asset finance agreement, were happy to discuss how we can support them.This has been necessary during the tough economic climate of the past few years as many businesses have continued to operate outdated machinery for longer than usual and are nowreplacing it using asset finance so they can remain competitive.For example, new legislation is also driving many hauliers to renew parts of their older fleet sothat they can meet the forthcoming exhaust emissions restrictions for operating in London.The main benefit for businesses is that asset finance allows them to obtain equipment theyneed without large capital outlay. Most accountants and financial advisors, including banks,would advise against financing fixed assets from working capital as the benefits of purchasingmost assets are best seen over the long term.This means it makes good sense to spread the cost of such acquisitions to match the incomeavailable or which they help to generate. By acquiring assets through an income stream,rather than capital, businesses can have greater control on the impact on their cash flow.Even if a business has a good cash flow position at the time the asset is acquired, they would still be best advised to consider financing their purchases so they can retain cash in the business to cover any unforeseen costs which may arise. This is because, while it is possible to finance assets after the initial acquisition, it is often easier and more cost-effectiveto finance them when they are bought.Yorkshire Banks asset finance minimum loan amount is £7,500 although we can be moreflexible if required. At the opposite end of the scale, asset finance deals can total millions ofpounds.If a business is in a position where it wants to buy several smaller value assets so they cancomplete a work project, we also have a product which allows them to buy the assets andthen raise an invoice to the bank for the finance at a later date.This is a simple and effective technique which saves them from having to fund a number ofsmaller items on different agreements. It also allows them to negotiate their own deal with acash buyer. However, we must agree this before they buy what they require but, in the rightcircumstances, its a very useful product.
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US housing data provides uplift whilst AstraZeneca Suffers
Posted on: 20/12/11
German business confidence climbed in December, showing an unexpected second month of gains, according to the Ifo survey of 7,000 executives. The forecast had been for a drop to 106 below Novembers 106.6 level, but the data revealed an uptick to 107.2. Additional positive signs from Europe came in the form of a bond auction in Spain, the Spanish Treasury selling more than its maximum target of 3 month and 6 month bills at average yields of 1.735 and 2.435. Whilst these are still elevated, they compared with yields of 5.11 and 5.227 respectively in November, representing a phenomenal decrease in borrowing costs in just over one month.
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Tyne Tunnel tolls set to increase
Posted on: 20/12/11
As of January 1st 2012, tolls at the Tyne Tunnel are set to rise, following the completion of the new crossing.Car drivers will now be required to pay £1.40 per journey, while heavy good drivers will pay £2.00, increases of 20p and 50p respectively.Travel permit owners will continue to receive a 10 discount, while motorbikes and service busses will not be required to pay a toll.Paul Fenwick, Project Director for the Tyne Wear Integrated Transport Authority, said Since both tunnels became operational in November, journey times have reduced dramatically and the long queues are a thing of the past. The increase in tolls is essential to help finance the investment in the New Tyne Crossing, represents excellent value for money, and is still below the 2 shillings and sixpence 12.5p cars paid at the Tyne Tunnel when it opened in 1967 when adjusted for inflation.
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Housing solution launched to tackle world shortages
Posted on: 20/12/11
An innovative solution to the worlds housing problems, and the growth of slums has been developed in the UK, and will now be rolled out across India.The Nano house, created by Nano Living Systems is said to be the worlds cheapest, smallest and most sustainable house.It is a light gauge steel design, measures 32 square metres and can be built within three days.Successful testing in the UK, which has some of the strictest building codes in the world, has now allowed the house to be offered to private buyers and governments, with mass residential plants for Indias millions of poor and homeless leading the way. The design is also equipped to bring down Co2 emissions, using passive solar energy as a completely free and renewable energy source.A prefab kit format consisting of roofs, doors and windows etc, can be assembled in quickly, therefore making it ideal for relief after natural disasters.The house shell provides an extensive lifespan that exceeds traditional building methods, and is also highly resistant to weather conditions and natural disasters.
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Forestry Commission to boost renewable energy supplies
Posted on: 20/12/11
A new scheme has been launched by the Forestry Commission to boost the development of green energy by making it easier for landowners to harvest timber for woodfuel.By offering grants to North East landowners, the Forestry Commission hopes incentivize the conversion of under-managed privately owned woods into renewable energy sources.Ian Everard from the Forestry Commission said The woodfuel market is booming, driven by the high cost of fossil fuels and the Governments renewable heating incentives.To meet this demand we need to act to improve timber supply within the region, and in many ways woodlands are our biggest untapped resource and good husbandry will also enhance wildlife habitats. Many are put off extracting timber due to the high costs involved, especially in more remote woodland areas. Under the new scheme, gateways will be widened and new access roads will be built. Those who choose to become involved in the scheme will also be offered help to market the products. The Forestry Commission currently produces 440,000 tonnes of timber in the North East, which represents a quarter of all timber grown in the UK. The currently untapped resources in the region would expand capacity by 50,000 hectares of woodland.Pam Warhurst, Forestry Commission Chair said There is an old phrase that says A wood that pays is a wood that stays.We are delighted to be able to launch this new scheme to revitalise the economic viability of sustainable woodland management by helping get timber to market. It will create rural jobs and help grow the green economy.
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Business Growth Fund grows team
Posted on: 20/12/11
The Business Growth fund has announced two new major appointments to expand its presence in the North of England and Northern Ireland.David Colclough joins as investment director, and Neil Inskip joins as investment manager, and both with help to drive investment. The recruits bring the total BGF team to 50 people, working across six regional offices in the UK.David Colclough was formerly a Director with 3i with responsibility for the Manchester office and has over 13 years experience of investing in SMEs across the northern region. Neil was an an investment manager at ANZ Private Equity in Sydney, and formerly located in the North of England with PriceWaterhouseCoopers.Since its launch in May, the BGF has scaled its local capabilities to meet its long term objective of offering equity investment to up to 40 businesses a year once fully established. The organisation makes long-term equity investments to fund a wide variety of requirements, including increasing working capital, capital to make a strategic acquisition or to grow capacity delivering a step change in sales and marketing launching an export drive or, developing new products.Investments can be between £2m and £10m in return for a minority equity stake.David Colclough said The current outlook for small and medium sized business is undoubtedly challenging, but BGF has been set up to provide much needed support and long term funding to companies with the ambition to grow.I am confident BGF can make a real difference to the northern region and more broadly across the UK, and I am delighted to be joining the team. Andy Gregory, BGF Regional Director for the North of England and Northern Ireland, said It is great to welcome David and Neil to the team, and to strengthen our presence in this region. We are seeing a strong pipeline of opportunities across the region and are keen to put our capital to work so that businesses in this region have access to the finance they need to grow.We urge business owners in the North of England and Northern Ireland to act on their growth ambitions and consider how best they can be financed for the future.At BGF we believe that equity has always been one of the most effective ways to fund a growing business and as equity investors, with interests aligned with those of business owners, we will work hard to further the growth potential of our investee companies.
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Honda announce 500 new jobs
Posted on: 20/12/11
Car manufacturer Honda has announced the creation of 500 new jobs at its Swindon plant.The move is ahead of a forecasted production increase in 2012, which will almost double the number of cars produced at the site.Currently 3,000 are employed at the plant, and plans to return to a two-shift operation in the late Spring of next year would require the extra workers.Honda Motor Europe President, Manabu Nishimae, said The last three years have been extremely difficult for all of Hondas European operations.We have faced many challenges beginning with the economic downturn through to the two natural disasters in Japan and Thailand.Throughout this period Associates have remained committed and I am extremely proud of how they have responded to these challenges.We will build upon our new found strength and remain confident of our ability to achieve and succeed in the future.Prime Minister David Cameron, said This is great news and a tremendous boost to the workforce, the car industry and UK manufacturing.Honda is contributing to a real renaissance in the UK automotive industry, we have a highly skilled workforce and we continue to be at the forefront of new technology and development.Its success is of great importance to our economy and we are committed to do all that we can to see this vital industry grow and thrive. Business Minister Mark Prisk, added Todays announcement of the creation of 500 new jobs on the day that production started on the next generation of the Civic hatchback is a clear demonstration of Hondas continued commitment to the UK.It is a huge vote of confidence in the skills of the Swindon workforce and the current strength of the automotive sector.The decision reinforces the message that the UK remains a great place to manufacture high quality products.
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Enterprise Programme awarded £900,000 ERDF Funding
Posted on: 20/12/11
An enterprise programme in North Tyneside has been awarded a further £900,000 to help it to continue helping hundreds of disadvantaged people in the area.The Business Factory received an investment of £750,000 from the European Regional Development Fund two years ago, and due to the success of the centre they have now been awarded a second round of funding. Between August 2009 and March 2011 the Business Factory helped around 1,400 people with enterprise support, many of whom came from North Tynesides deprived wards.It is hoped that the centre will now be able to help a further 1,400 people between now and November 2014, creating 350 SMEs and 350 jobs. Communities Minister Baroness Hanham CBE, said Further investment will ensure that the successful work carried out to date will continue to be built upon in a bid to continue tackling unemployment in North Tyneside. The project already has the advantage of having robust management systems in place, and further European Regional Development Fund investment will deliver real results in term of the numbers of businesses created and supporting these businesses to ensure their survival. European investment will help maintain the momentum of the existing programme and offer further and intensive support to people in North Tyneside, continuing to break down barriers while also contributing to closing the gap between the self-employment rate in the borough compared to the national rate.The project will now look to help priority target groups, including those who are looking to start a business, people who are unemployed due to redundancy, under represented groups, and people living in disadvantaged areas of North Tyneside.Elected Mayor of North Tyneside, Mrs Linda Arkley said By supporting our residents through the Business Factory we have been able to introduce more than 300 new businesses into our borough over the last three years.They are businesses built on brilliant ideas and a drive and commitment to make a difference. Importantly, as they establish and grow they have the potential to support innovation, drive our economy and create jobs for our residents. Thats great news for them, but also for North Tyneside.The European Regional Development Fund 2007-13 will bring over £300 million into the region to support business growth, and will help to create and safeguard 28,000 new jobs.
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Low carbon technologies dependent on policy
Posted on: 20/12/11
New research from the Stockholm Environment Institute explains why recent progress in developing and implementing low carbon technology is fragile.According to the Energy Roadmap adopted by the European Commission, low carbon technology will be vital to achieve the goal of decarbonised Energy systems by 2050. Research focused on two key low-carbon technologies solar photovoltaics PV and carbon capture and storage CCS. Support to reduce costs, improve performance and broaden deployment need to come from policy, the report suggests.A large global solar PV industry has emerged off the back of feed-in tariffs in Europe, however these subsidies are now being adjusted.For growth to continue at a sustainable level, policy-supported markets have to emerge in other areas, although there is some controversy over artificially created state-markets.Annika Varns, researcher at Stockholm Environment Institute, and lead author of the report said Great strides have been taken in the industrial development of low-carbon technologies.In particular, developments in solar photovoltaics have been remarkable. However progress has been dependent on market pull policies, such as subsidies, particularly from Germany.Support from more countries is needed, and investment in research and development must be increased, if recent gains are to be consolidated and sustained. From 2005-2009 there was significant interest in carbon capture and storage from the business and policy spheres, largely generated by EU policy ambitions. Development has recently slowed as companies appear less willing to invest in large-scale demonstration projects.Jesse Fahnestock, Climate Policy Advisor to the 3C initiative, said Industry has recognised that CCS will be needed in any ambitious climate mitigation scenario.But as this new report shows, the hurdles to investment remain too high. Both the EU and the United States have committed billions to support the demonstration of CCS, but many important projects are being withdrawn as private investors reconsider the business risks.Without increased commitment from policy-makers, both in terms of financing and legislation covering underground storage of carbon, the timetable for CCS development will slip.Overall, the report highlighted the need for global collaboration to progress scalable sustainability.Current national green growth strategies have managed to shore up the wider global climate regime, but now there is a need for global policy reach.
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Low carbon technologies dependent on policy
Posted on: 20/12/11
New research from the Stockholm Environment Institute explains why recent progress in developing and implementing low carbon technology is fragile.According to the Energy Roadmap adopted by the European Commission, low carbon technology will be vital to achieve the goal of decarbonised Energy systems by 2050. Research focused on two key low-carbon technologies solar photovoltaics PV and carbon capture and storage CCS. Support to reduce costs, improve performance and broaden deployment need to come from policy, the report suggests.A large global solar PV industry has emerged off the back of feed-in tariffs in Europe, however these subsidies are now being adjusted.For growth to continue at a sustainable level, policy-supported markets have to emerge in other areas, although there is some controversy over artificially created state-markets.Annika Varns, researcher at Stockholm Environment Institute, and lead author of the report said Great strides have been taken in the industrial development of low-carbon technologies.In particular, developments in solar photovoltaics have been remarkable. However progress has been dependent on market pull policies, such as subsidies, particularly from Germany.Support from more countries is needed, and investment in research and development must be increased, if recent gains are to be consolidated and sustained. From 2005-2009 there was significant interest in carbon capture and storage from the business and policy spheres, largely generated by EU policy ambitions. Development has recently slowed as companies appear less willing to invest in large-scale demonstration projects.Jesse Fahnestock, Climate Policy Advisor to the 3C initiative, said Industry has recognised that CCS will be needed in any ambitious climate mitigation scenario.But as this new report shows, the hurdles to investment remain too high. Both the EU and the United States have committed billions to support the demonstration of CCS, but many important projects are being withdrawn as private investors reconsider the business risks.Without increased commitment from policy-makers, both in terms of financing and legislation covering underground storage of carbon, the timetable for CCS development will slip.Overall, the report highlighted the need for global collaboration to progress scalable sustainability.Current national green growth strategies have managed to shore up the wider global climate regime, but now there is a need for global policy reach.
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Not so early for a New Years resolution
Posted on: 20/12/11
Oh come on Tipster we havent even had Christmas and there you are talking about New Years resolutions - its all a bit premature isnt it Well not really. The Tipster always finds that there is so much going on over the New Year period that often you lose sight of the important issues.
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Initiative gives landowners incentive to boost timber supply
Posted on: 19/12/11
The Forestry Commission have unveiled a new initiative to revitalise many woods in the North East, and help the development of green energy.A grant scheme will make it easier for landowners to harvest timber for woodfuel by improving access in their woods for felling equipment.It is a response to the concerns of forest chiefs, who say that 50 of privately owned woods in the region are under-managed.Extracting timber, especially in remote woods where roadways can be poor or non-existent, often carries high costs.The new support will make harvesting economically attractive, by widening gateways, building access roads and helping with marketing timber.Ian Everard from the Forestry Commission said The woodfuel market is booming, driven by the high cost of fossil fuels and the Governments renewable heating incentives. To meet this demand we need to act to improve timber supply within the region. In many ways woodlands are our biggest untapped resource and good husbandry will also enhance wildlife habitats.The Forestry Commission produces 440,000 tonnes of timber in the North East, which represents 25 of all the timber grown in England.Opportunity to expand woodfuel supply lies in the private sectors 50,000 hectares 125,000 acres of woodland.Pam Warhurst, Forestry Commission Chair said There is an old phrase that says A wood that pays is a wood that stays.We are delighted to be able to launch this new scheme to revitalise the economic viability of sustainable woodland management by helping get timber to market. It will create rural jobs and help grow the green economy.One landowner who could benefit from the grant is Nick Ridley, who farms the Park End Estate, near Hexham for over two centuries.Tapping into the expanding woodfuel market to finance the restoration of 12 hectares of ancient woodland on his land, which was replanted with conifers decades ago.Using a Forestry Commission grant, nearly 2,000 tonnes of timber has been felled, the vast majority of which will be chipped and used in woodfuel boilers on Nicks estate and in the surrounding area.Nick said We have done the major felling and well aim to start replanting with native trees this spring. The rise in timber prices due to demand for woodfuel has made this whole operation viable. Our plan is to use other woods on the estate to carry on supplying woodfuel on a sustainable basis into the future.Four years ago a survey revealed that over 80 of Northumberlands ancient woods were in a poor condition, and Forestry Commission grants combined with an uplift in timber prices has made restoration of these areas viable for private owners.
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Study suggests graduates are missing SME opportunities
Posted on: 19/12/11
Graduates are said to be missing obvious employment opportunities in SMEs by not making use of social media tools.One in five graduates are proactively seeking jobs in SMEs, and only one in ten use social media to find employment, the study by IT provider Iconnyx suggested.The research collated data from across UK SMEs and recruitment agencies, as well as campaigns polling businesses across LinkedIn and Twitter.Many graduates perceived that larger organisations offered more opportunities and stability.Only 10 of graduates have LinkedIn profiles and are using the network to find opportunities, and only 1 in 3 graduates have heard of the site, or been advised by their university to research it.Managing director of Iconnyx, Tim Walker, said The issues for both top talent graduates and growing SMEs alike are frustrating in that there is no obvious forum for the two to connect and sell to each other.Universities need to alert their talent to the opportunities that exist in UK small to medium businesses as well as channels for reaching them.Its frustrating to see that high-growth companies typically lose out on the best of graduate talent for these reasons.Universities should invite SMEs and networks like LinkedIn into the student community far earlier. Responding to the comments, a spokesperson for Northumbria University Careers Department, said All universities, not just Northumbria, are very aware that a high proportion of their graduates will go on to find employment with small to medium sized businessses.As careers advises we do advise students, and graduates, of the advantages of using social media such as LinkedIn, as part of their job search.Between 2010 and 2011 we ran a successful graduate internship scheme, which saw the majority of students placed with small businesses, and recently we have held a campus event with the FSB, exemplifying the way in which the University engages with small business.Iconnyx are working in conjunction with Duncan Cheatle, founder of The Supper Club, on a 6-week competition for students and graduates to learn practical business skills.The scheme is called Rise To and offers sponsored internships where graduates can gain experience alongside management teams.
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North East firm nominated for national manufacturing award
Posted on: 19/12/11
Bishop Auckland based firm, Thorn Lighting have successfully been nominated for a national manufacturing competition.Made In Britain is organised by the Association of Parliamentary Manufacturing Group APMG and showcases the best British manufacturing has to offer.Helen Goodman, MP for Bishop Auckland, nominated the company for their Menlo3 range, which is designed, manufactured and sold through its purpose built centre in Spennymoor.Mrs Goodman MP, said I am delighted that Thorn Lightings nomination for in the Made In Britain contest has been successful. The contest, which is organised by the Associate of Parliamentary Manufacturing Group, is an excellent forum to showcase the best British manufacturing has to offer. The competition dispels the misconception that we dont make things in this country anymore, by raising awareness of the number of excellent manufacturing firms across the country. Thorn Lighting is an innovative and high skilled manufacturer of electrical products and thoroughly deserves the recognition it has received from the competition. Its commitment to retaining design and manufacturing skills in the local area is also commendable. Furthermore their investments in innovative manufacturing processes have enabled them to produce pioneering products that have been integral to the companys success. She went on to say that Thorns commitment to energy efficiency environmental sustainability demonstrates that a successful business model can go hand in hand with concern for the environment. She added We do still make things in this country lets keep it that way.Thorns Menlo3 range comes from the expertise of in-house design engineers and skilled manufacturing departments, along with investment in new manufacturing techniques.Commenting on the range, Mark King, Product Manager, said Our research indicated that todays lighting professionals face such challenges from new lighting guidelines and energy restrictions that lighting design almost becomes a numbers game. With Menlo3 we aim to make it easy to comply with the latest standards, so our customers can focus on creating attractive, high quality lighting schemes that enhance the office environment. There is no compromise on light quality or style for efficiency.
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University and mine operate partnership
Posted on: 19/12/11
A partnership between Teeside University and Cleveland Potash is set to reduce the companys energy usage, and reduce environmental impact.Cleveland Potash, which runs Bouldy Mine, has enlised the help of the Universitys School of Science and Engineering, to tap into scientific knowledge and expect support.The work has been facilitated by a Knowledge Transfer Partnership KTP, an initiative that draws on University expertise to help increase a companys competitiveness, productivity and profits.As part of the scheme, Teeside postgraduate Balaji Vasudevan is working on the reduction of particle emissions.Based at Cleveland Potash, he works under the supervision of Dr Zhang, a senior lecturer in the School of Science and Engineering, who makes monthly visits to the company.The firm first approached the University to work together to improve some of the process controls in the Potash refining plant, and a two-year KTP, funded by the Technoloy Strategy Board was established.Jennie Thomas, Environmental Services Manager, said There is a legal limit to particle emissions from our stack, set by Redcar and Cleveland Council and although we operate well within the limits we want to ensure that our operations dont affect these levels. Developing control strategies with the Plant Manager and his operators will help us to improve continually. This project and the support from the University is excellent in helping us in our commitment to the environment. Balaji is absolutely excellent. Weve also had fantastic communications with Dr Zhang and Professor Paul Russell at the University. Its been a very rewarding process and were looking to take Balajis work further.Balaji, 25, from India, said I worked first on a Collaborative Innovation Partnership CIP, a six-month project with the University which explored how to reduce the companys particle emissions and make energy savings. This project identified the process disturbances that could impact on particle emissions. Im now looking at the best possible systems to reduce these emissions further without impacting on the production capability of the plant. There are a number of ways, for example trying to balance dryer feed rates and control methodology. My research has indicated that by reducing the variability of dryer control the emissions can be further improved and energy consumption in the drying process can also be improved. An online particulate monitor has been trialled and is now installed in the plant. This has been trialed as part of the KTP function.
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Darlington firm secure tunnel maintenance contract
Posted on: 19/12/11
North East company, Henry Williams Ltd have been awarded a long-term contract to maintain a busy road tunnel in Hertfordshire.The deal, estimated to be worth £1m, will see the firm carry out inspection and maintenance of the A505 Weston Hills Tunnel at Baldock, for the next five years.It is the third tunnel contact for the Darlington company, which is already responsible for the Saltash Tunnel, on the Devon-Cornwall border, and the Medway Tunnel, in Kent.The contract was awarded by Hertfordshire County Council, and includes responsibility for emergency callouts.It will see Henry Williams work closely with systems control company PDS, which designed and installed the tunnels original electrical control system. Alan Herron, production manager for Henry Williams, said Highway tunnels are by nature a challenging environment and it is important to keep them in the best possible working condition to prevent system failures due to traffic pollution.Weston Hills, a 230-metre twin road tunnel, was opened in 2006 as part of a £43m bypass to reduce congestion in Baldock. Stuart Pile, Hertfordshire County Councils Cabinet Member for Highways and Transport, said The A505 is a busy, major road and it is essential that the Weston Hills Tunnel is maintained to the highest possible standards. We are confident that Henry Williams experience in this area makes them the right choice for the work.
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Durham housing provider recognised as top employer
Posted on: 19/12/11
County Durham housing provider livin is celebrating after achieving silver status from the Investors in People standards.They company gained the silver recognition earlier this month, as acknowledgement for its outstanding commitment to staff and good practice in people management.They are now part of the 2 of recognised companies throughout the UK who have qualified for IiP silver status.Colin Steel, chief executive of livin said We are delighted to be accredited with the IiP silver status. livin employees have demonstrated a genuine understanding of our companys purpose, aims and objectives. To achieve the accreditation during a period of significant change within the company is testament to our commitment and team effort. Chris Jones, head of operations at idg the Investors in People Centre for the North of England said This is a fantastic achievement. I would like to congratulate the team at livin on its commitment to continuous improvement. As the IiP centre for the North of England, idg is committed to working with organisations to raise standards and improve performance through people. By offering a flexible, practical and easy to use framework, IiP is designed to help organisations and their people enhance performance and meet goals. By achieving silver recognition, livin is certainly working to do this.
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NECC release report into regional growth
Posted on: 19/12/11
The North East Chamber of Commerce NECC will today release a report detailing the measures needed to put the North East at the forefront of the economic recovery.The NECC compiled the Fit for the Future report in conjunction with a cross-section of the local business community, and singles out infrastructure as a priority area to build on the regions exporting strengths.The North East is the only area of the country with a positive trade balance in the export, and James Ramsbotham, chief executive of the NECC sees this as an example of what the UK as a whole is trying to achieve.He commented Fit for the Future is not a begging letter, it is a business proposal. This is our pitch as a region to say look at what we are achieving with the least infrastructure investment in the entire country give us the tools we require and let us show you how much more we could be doing for the economy. The region has the capacity to take the strain from congested and expensive parts of the UK. We are blessed with an embarrassment of riches in terms of resources, transport links, digital and energy infrastructure, but we must find a way to maximise our undoubted potential.Mr Ramsbotham was also keen to stress that the region has the capacity to accommodate a vibrant private sector, as well as the space and indigenous resources to nurture sustainable growth.The report focuses on four main areas - resources, infrastructure, transport infrastructure, digital infrastructure and energy infrastructure - all of which will be an excellent source of growth and jobs.He also emphasised the need for the development of relationships between the public and private sectors.Mr Ramsbotham continued The private sector, the generators of wealth and jobs, must increase collaboration with and influence over decision making at the local level to ensure that limited investment is directed to the schemes that have the greatest economic rather than political merit, he said. Local Enterprise Partnerships play a crucial role in ensuring that certain assets are given the recognition and protection that they deserve owing to their important economic role.
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Ask this question
Posted on: 19/12/11
When you are speaking to a prospect for the first time and you are qualifying the opportunity by asking questions you sometimes dont get anything back that helps you understand why they want to buy.
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Hartlepool Hub Two officially open for business
Posted on: 16/12/11
Hartlepool Hub Two, Tata Steels business-support subsidiary has officially opened for business.The extension to the UKSE Innovation Centre on the Queens Meadow Business Park is already 60 full, dispelling the fears of those who were concerned that there would not be enough demand.Speaking to an audience of local business people, Stuart Green managing director of UK Steel Enterprise commented We were confident that the demand was there for us to commit to developing Hub Two.Our two Innovation Centres in Redcar and Hartlepool have had a 90 occupancy rate since they were opened in 2000 and 2005.Our Redcar Centre has already been extended and, with 60 of the new offices in Hub Two already occupied, our confidence has been justified. We already have companies here operating in a whole range of sectors from energy to construction and IT to health. Uk Steel Enterprise was established in 1975 with the aim of helping steel areas with regeneration and job creation. They can provide up to £750,000 in funding for the right projects, and are designed to provide high levels of sector specific support.Hub Two will double the size of the Innovation Centre, providing 37,000 sq ft of office and workshop space. The new building is also environmentally friendly, with high numbers of solar panels, rainwater saving technology, intelligent lighting systems and an electric vehicle charger.Mr Green added We are very grateful indeed for the finance and backing we have had from One NorthEast, Tees Valley Unlimited and Hartlepool Borough Council in developing Hub Two.This building would not be here without their support and we are also grateful to P HS Architects, Project Managers Turner Townsend and Mansell Construction Services for delivering a fantastic building.
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Lawyers seal £6.8m deal for Middlesbrough College
Posted on: 16/12/11
Thanks to the efforts of professionals from across the North East, the agreement for a new £6.8 million Sixth Form centre for Middlesbrough College has been finalised.The new 138,000 sq ft building will be constructed on land formerly belonging to One North East opposite the main College on Dock Street.Once work is complete, Middlesbrough College will be grated a long lease by the Homes and Communities Agency, the statutory successor to One North East, and will include state of the art sports facilities and a social area.Experts for the education and property teams at Dickinson Dees law firm were involved in securing the agreement.John Booth, as associate in the commercial development team at Dickinson Dees advised on the project. He commentedIt was a very collaborative effort involving numerous experts from across our firm to provide the rounded advice required to complete this deal.Working together with all the parties involved in the development, we were able to bringthe agreement to a successful conclusion. The new Sixth Form Centre will be a tremendous addition to Middlesbrough College and we are proud to have been associated with such a worthwhile project.The new Middlesbrough College Sixth Form will open in the academic year 201213, and will provide students with some of the best facilities in the UK.Zoe Lewis, Deputy Principal said The College is thrilled to see the work start on site andwe look forward to the opening of an academic and sporting centre of excellence, which willcomplement our existing state-of-the-art vocational facilities.The centre expects to attract a further 300 students into the town, and will create 19 full time posts when it opens.
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£736m wind farm set for Humber coast
Posted on: 16/12/11
Energy firm E.ON has revealed the plans for a £736m wind farm, located off the coast of East Yorkshire.It will consist of 73 turbines, generating up to 219MW of electricity, enough to power up to 170,000 homes. The Humber Gateway will be located 8km off the East Yorkshire coast, just north of the mouth of the river Humber.Work is due to start on the site in March, with construction of the onshore substation, with the overall completion in Spring 2015. Commenting on the plans, David Cameron, said I welcome E.ONs significant investment, which is a vote of confidence in renewable energy and in the UK market.It will create a thousand jobs in the next few years, spearhead development of the UKs fast growing offshore wind supply chain and strengthen links between the UK and Germany in renewables and grid.Dr Tony Cocker, CEO of E.ON UK, said This isnt just an important announcement for E.ON, but is also a significant announcement for the UK.Increasing the proportion of electricity we generate from low carbon, renewable sources is a vital part of the meeting the energy challenges we face.The development is part of E.ONs 7 billion investment programme, spanning the next five years.Wind, solar and biomass power plants will be developed across Europe, in Sweden, Germany and the UK.
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Markets up on successful Spanish bond auction
Posted on: 16/12/11
The FTSE was anticipated to move into positive territory this morning following a fairly sizeable loss of 2 yesterday. A successful five year Spanish bond auction also helped calmed nerves, the yield of 4.02 dropping considerably from an equivalent sale at the start of the month. The troubled country managed to sell double its target in an event that contrast starkly with the negative concerning Italian auction yesterday.
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Alnwick Garden receives students recommendations
Posted on: 15/12/11
Students fro Northumbria University have been given the chance to offer their recommendations to Alnwick Garden about how the attraction can increase its impact on the surrounding area.As part of a university project, 30 students on the BA Hons Corporate Management programme compiled business reports analysing the Gardens achievements and the way they could build on them for the future.Within their recommendations, students focused on ways to enhance the education role of Alnwick Garden, how to attract new visitors using a farmers market and building business by working on collaborative weekend packages with neighbouring hotels.Jane Turner, Associate Dean Corporate and Executive Development Centre at Newcastle Business School, Northumbria University, commented Were so pleased to be working with such an iconic local attraction and its been an excellent opportunity for our Corporate Management students to work on a real business project. With youth unemployment at an all time high and the employability of young people regularly questioned, the course offers a great balance of theory and practice which helps our graduates to stand out from the crowd. Working with forward thinking organisations, such as The Alnwick Garden, not only benefits our students, but the business itself and local area as a whole. The project was the first opportunity for first year students to work on a live project, in preparation for their work placements which make up the remaining two years of their degree. David Ronn, Managing Director of The Alnwick Garden and Castle was keen to receive the students ideas. He added For nearly a decade The Alnwick Garden has delivered a range of activities that promote access without discrimination. We are delighted to be working with Newcastle Business School and its Corporate Management students to bring a fresh perspective to what were doing well now and what we can do more of or better in the future. We look forward to reviewing the excellent student business plan suggestions and will be looking to implement some ideas in the New Year. We hope the students will visit again soon to see the progress weve made.
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MPs debate compulsory financial education in schools
Posted on: 15/12/11
Today MPs debated the motion that young people often grow up without the necessary level of financial literacy.The Financial Education and the Curriculum report, was put before MPs, calling for education on personal finance in schools, with the aim to prevent personal insolvency problems and debt.It suggests training of teachers, appointment of a dedicated member of staff to be a champion of financial education, and the provision of compulsory money lessons in schools.Kate Nathoo, regional director at Thesis Asset Management hopes that todays debate will encourage industrys pleas for financial education will be taken more seriously. She said The industry has introduced a new 16+ qualification - The National Securities Investment Certificate ISI. This is a Chartered Institute for Securities and Investment educational initiative. It is hoped that many state schools will be launching this course in the future. This will provide students at a young age with an understanding of financial services and products. Through a better understanding of finance, young people will hopefully be able to make more informed choices about financial matters, rather than relying on the trial and error approach which is so often used by those who are naive of finance. We very much hope that in the next couple of years, the Government and all of the relevant industry bodies will become as excited about the prospect of financial education at schools as we are. It should be mandatory to learn about finance, because as an adult, all aspects of your life, whether that is job, travel or family will revolve in some way around money. This fact cannot be escaped or ignored for any longer to the detriment of our nations youth.
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College students training for Olympic roles
Posted on: 15/12/11
Two Gateshead College students are building their CVs by taking part in a new training opportunity at the London 2012 Olympic and Paralympic Games.Jessica Wood and Matt Hewitt join 300 students at the college training to be stewards as part of Bridging the Gap, a London 2012 project which aims to address the ongoing skills shortage in the security industry.Students on the scheme will gain an industry recognised qualification awarded by the British Institute of Innkeeping that guarantees a job interview for a role as a paid steward with the Games security contractor.If selected, the students could find themselves at the heart of the worlds biggest sporting event, performing a range of tasks and duties to ensure spectator safety and security.The BIIAB 2 Award in Door Supervision course covers working in the private security industry and as a door supervisor, offering training in conflict management and physical intervention skills.Tim Poolan, Gateshead Colleges strategy manager, said We are responding to a specific demand for training from employers. The Bridging the Gap scheme means our young people will be able to benefit from a guaranteed interview with the security provider at the Olympic Games. This is not only a once in a lifetime chance to be part of something very special here in the UK but also an opportunity for them to acquire the skills and qualifications needed to get jobs in a sector which recruits thousands of people a year.Eighteen-year-old Matt Hewitt, said Im very excited at the possibility of working at the Olympics in London and will be using the skills and experience gained on my course to hopefully make a big impression at my interview. I didnt think that I would ever have the chance of going, but through BtG and the college I have been able to get a chance to go, alongside gaining a qualification that I am interested in and that might help get a job in the future. Just to be there and experience it would be great, but it is even better to be able to say that I was a part of it and that I worked there.
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Cities Minister visits Newcastle
Posted on: 15/12/11
The Cities Minister is in Newcastle to discuss the details of the Core Cities deal with local leaders in Newcastle and Gateshead.It is hoped that the new plans will free cities from Whitehall control in a number of areas, and will give local communities more say over how their area is run in a bid to create new opportunities and to stimulate growth.Greg Clark MP will also visit the North East Local Enterprise Partnership and the Enterprise Zone to discuss the impact the decision will have on the region.Describing Newcastle as one the countrys economic powerhouses, Mr Clark commented I want to work closely with the local enterprise partnership and local councils to agree a new deal that will successfully drive growth across the North East.I have no doubt about the ambition of local leaders in Newcastle to get this right, and I am determined that powers and tools are handed down to them to grow their economy.Paul Woolston, chair of the North Eastern LEP believes the deal will have a positive impact on the region, and is committed to ensuring its success. He said I am delighted that the Government has given the green light for Newcastle to progress and implement a new city deal.Increased flexibility, from Whitehall, to deliver growth and employment will benefit the wider North East economy.Newcastle has been named as one of the eight largest English cities outside of London to be involved in the project, which the government plans to roll out to other areas in due course.Councillor Nick Forbes, Leader of Newcastle City Council, said At a time of high unemployment and low or no growth nationally, we are determined to make our city a Working City and help lead the North East region out of recession and into sustainable growth.We are determined to be open for business and do all we can to create the best conditions for new jobs and investment.
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Digital agency celebrates National contract coup
Posted on: 15/12/11
A North East digital agency is celebrating after beating off national competition to help launch a new website for a well-known outdoor retail specialist.Status Marketing have created an e-commerce site for GO Outdoors which will add to the companys £115 million operation, including 33 superstores.The new website was a major coup for the firm, which only formed in April 2011, and has helped then achieve 90 of its year one trading targets in just 9 months. The project has helped Status to reach a £2 million turnover in 2013. Managing director Nick Salloway said We are extremely pleased with the partnership. GO Outdoors is one of the fastest growing retailers in the UK and its great to be working with such an exciting and ambitious brand.Mr Salloway attributed their successful tender of the GO Outdoors website to their work on the Visit North East England website. Thanks to their tireless efforts when working on the website, Status were credited with boosting the £4 billion that tourism adds to the regional economy.The project shows that although we might be a young company in name, we are a team of expereinced people with a first-class track record in delivering effective and fucused digital marketing strategies. he continued. This is our biggest contract so far, and we could not have wished for a better start to the business. We set out some fairly aggressive targets when we launched so we are more than happy with the steady upward curve of contracts coming in, especially as they have all been via referrals.Status have also invested in online collaboration and video conference technology to reduce costs and improve services to their national client base. The firm recently also moved premises and recruited 2 new members of staff to help cope with demand.Speaking about the new website, Mike Griffin, project manager at GO Outdoors said The tender for the GO Outdoors activities site was contested by developers from all over the UK. Status was chosen because of an excellent portfolio, great feedback from clients regarding their management of previous projects, and a proposal that we felt offered significant added value. We have found Status to be a team who deliver on their promises.
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New energy-from-waste solution launched
Posted on: 15/12/11
A next generation technology that processes waste into clean, renewable energy has been launched by defence technology specialists QinetiQ.
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Restaurant review The Wellington Restaurant at Wynyard Hall
Posted on: 15/12/11
Looming out from the darkness after the long drive down from Newcastle, Wynyard Hall certainly is an impressive sight. Spotlights add to grandeur of the pillars framing the entrance hall, while inside every detail of the restored decor was perfect - setting the tone for the rest of the evening. On arrival at the Wellington Restaurant, we were led into the library and in front of a crackling fire made our choices for dinner. Wynyard Halls cocktails promptly followed, and I was very glad I chose the bartenders amaretto, pineapple and vodka recommendation.After making our choices, our waitress for the evening guided us into the main restaurant, which can only be described as breathtaking. Enormous paintings of notable former residents line the walls, while a ceiling height window overlooked an antique grand piano, where a pianist sat tinkling the ivory keys. Despite being in such grand surroundings, the glow of the fires and the warmth of the staff set us both at ease immediately.For starters, we chose the Scallops £.9.50, and the Parfait £7. The Scallops were accompanied by sweetcorn, beech mushrooms, Serrano ham and a thyme and leek salad - a seemingly long list of ingredients, yet together they created a visually spectacular plate of food. The saltiness of the ham contrasted beautifully with the sweet corn and the meaty scallops, each element complimenting the others perfectly. The Parfait was light yet creamy, and the accompanying mulled wine jelly was a real taste of Christmas.For the main course, I opted for the Roast Cod with chickpea and chorizo cassoulet £18, while my partner plumped for the Winter duck au vin with celeriac mash and buttered spinach. The cod and chorizo were natural partners, while the chickpeas added substance to the dish. I savoured every mouthful. The duck was rich and contrasted with the smooth mash - a simple dish but highly effective.As we took a pause before the final course, the pianist approached us with his repertoire to ask if we would like to make any requests. It was a lovely touch.After our recovery, my partner chose the festive mandarin and cranberry cheesecake £7.50, and while I was tempted by a poached pear, it was the cheese trolley which really caught my eye. The waiter brought it to the table and as he explained the offering of around 12 cheeses, I sat salivating, amazed at his knowledge of the unusual fromagerie. While I cant recall the names of the cheese before me perhaps the accompanying port also recommended by the waiter is to blame, I do know they were so delicious that my boyfriend abandoned his own dessert to help me finish mine. As we left Wynyard and drove off into the night, both of us were left with the feeling that wed had a truly magical evening. The food was faultless, the staff a delight and the setting truly magnificent, and I am very much looking forward to going back in the future.
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The Number of Business Owners considering MBOs Triples
Posted on: 14/12/11
The report, A special kind of exit, explores the attitudes and perceptions to MBO amongst UK entrepreneurs, and found that most entrepreneurs will only instinctively sell their business to their own management team as a last resort, although those that have been through a management buyout say it is the best way to exit a business.
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North East unemployment levels hit new high.
Posted on: 14/12/11
Unemployment in the North East has increased by 12,000 in the last quarter, bringing the total number of people out of work in the region up to 148,000.Nationally the 2.64 million people are out of work in the UK, representing 8.3 of the population. 11.7 of North East residents are out of work - higher than any other part of the country.Commenting on the statistics, Kevin Rowan, regional secretary of the Northern TUC expressed his dismay at the large numbers of individuals who are out of work.He said The further rise in unemployment in the North East blows another hole in the Governments claim that the private sector would create more jobs than were lost in the public sector. George Osbornes strategy has been politically motivated and has now been exposed as economic fantasy and a failure. The economic pain and hardship experienced by those out of work this Christmas is all too real.Mr Rowan believes that the impending closure of One North East in March 2012 will have far-reaching effects on the region, which has previously been heavily reliant on the RDA as an engine for growth and recovery.Along with the abolition of One North East, many of the programmes which would have protected young people and safeguarded industry will go too. he added. Until they reverse their ideologically driven cuts agenda the regions economy will continue to decline. The economy is more vulnerable now than ever and Governments failed and flawed agenda is only making things worse.
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Robots may not cost manufacturing jobs, research suggests
Posted on: 14/12/11
The introduction of robots to manufacturing, does not always spell job losses, a new research angle has pointed out.The Positive Impact of Industrial Robots, recently published by the International Federation of Robotics in Tokyo, argues that automation and robots have contributed to job creation.In addition to increasing productivity and efficiency, the study shows 3 million jobs have been directly created by the use of robots in recent years.A further 1 million positions are expected to be generated across the world by 2016.The research highlighted that robots are able to carry out work that is unsafe for humans, work that is not viable in a high wage economy, and work that would be impossible for humans. The Government funded Automating Manufacturing Programme aims to increase UK manufacturing competitiveness, and is administered by the British Automation and Robot Association BARA.Mike Wilson, chairman of the BARA, said This is great news for British manufacturing.The IFR study highlights the importance of robotics to the future growth of UK industry and the jobs it will create as a result.The recently launched government funded Automating Manufacturing Programme is providing assistance to companies looking to use automation to improve competitiveness and drive growth.Together we can make UK manufacturing the best in the world and create the jobs that our country needs. The report found that between 2000-2008, manufacturing employment increased in nearly evey major industrialised country, as the use of industrialised robotics increased sharply.China, Brazil, and other emerging markets are following suit, as during the study period, Brazil quadrupled its use of robotics, with both production and employment rising by over 20.Through the PPMA Group, up to £600,000 of funding will be supplied by the Government to promote automation in UK manufacturing.Chief executive officer of PPMA group Chris Buxton, said We are delighted that the Government has put its full weight behind a programme that recognises the importance of automation in UK industry and the positive effect this has for growth and employment.Within the report, the Odense Steel Shipyard in Denmark, was used as an example of robots saving jobs in a high wage economy.The company has invested in autonomous, robotic arc welding equipment that has proved key to efficiency savings.Productivity increased six fold when compared with manual welding, speeded up production time and made quality improvements, whilst also protecting the jobs of qualified welders.
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Robots may not cost manufacturing jobs, research suggests
Posted on: 14/12/11
The introduction of robots to manufacturing, does not always spell job losses, a new research angle has pointed out.The Positive Impact of Industrial Robots, recently published by the International Federation of Robotics in Tokyo, argues that automation and robots have contributed to job creation.In addition to increasing productivity and efficiency, the study shows 3 million jobs have been directly created by the use of robots in recent years.A further 1 million positions are expected to be generated across the world by 2016.The research highlighted that robots are able to carry out work that is unsafe for humans, work that is not viable in a high wage economy, and work that would be impossible for humans. The Government funded Automating Manufacturing Programme aims to increase UK manufacturing competitiveness, and is administered by the British Automation and Robot Association BARA.Mike Wilson, chairman of the BARA, said This is great news for British manufacturing.The IFR study highlights the importance of robotics to the future growth of UK industry and the jobs it will create as a result.The recently launched government funded Automating Manufacturing Programme is providing assistance to companies looking to use automation to improve competitiveness and drive growth.Together we can make UK manufacturing the best in the world and create the jobs that our country needs. The report found that between 2000-2008, manufacturing employment increased in nearly evey major industrialised country, as the use of industrialised robotics increased sharply.China, Brazil, and other emerging markets are following suit, as during the study period, Brazil quadrupled its use of robotics, with both production and employment rising by over 20.Through the PPMA Group, up to £600,000 of funding will be supplied by the Government to promote automation in UK manufacturing.Chief executive officer of PPMA group Chris Buxton, said We are delighted that the Government has put its full weight behind a programme that recognises the importance of automation in UK industry and the positive effect this has for growth and employment.Within the report, the Odense Steel Shipyard in Denmark, was used as an example of robots saving jobs in a high wage economy.The company has invested in autonomous, robotic arc welding equipment that has proved key to efficiency savings.Productivity increased six fold when compared with manual welding, speeded up production time and made quality improvements, whilst also protecting the jobs of qualified welders.
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UK e-invoicing platform to support EU trade
Posted on: 14/12/11
Tradeshift, the business-to-business social network has been selected by French agency ADETEF to help build its stake in a new e-invoicing and e-procurement platform.The PEPPOL initiative aims to become the universal standard for European states, creating one shared infrastructure for all transactions processed by EU governmental bodies.A handful of French government departments, will initially use Tradeshift to connect with suppliers and manage all invoicing electronically.The first institutions to use Tradeshift as part of PEPPOL will include the Ministry of Finance and the Aube County.A target has been set to connect with 30,000 suppliers in the first 6 months, and a so far adoption rates of Tradeshift among suppliers has been high as the platform offers time and money saving features.Connectivity capabilities with the current French ministerial system, Chorus, has also ensured seamless integration.Mikkel Hippe Brun, chief strategy officer at Tradeshift, and a former technical director of the PEPPOL project, said Interoperability is crucial to the success of the PEPPOL initiative.
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Thomas Cook announce 200 store closures
Posted on: 14/12/11
Troubled holiday firm Thomas Cook has announced it will close around 200 of its shops of the next two years.
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75 stake in Durham Tees Airport for sale
Posted on: 14/12/11
Peel Airports have decided to sell their majority stake in Durham Tees Valley Airport, and are now looking for a buyer.The decision was made after Peel Airports decided that Durham Tees Valley Airport no longer fitted into the companys strategic plans for its airport portfolio.PwC have been appointed to oversee their 75 majority stake. The remaining 25 is owned by 6 local authorities.The airport will continue to operate as normal during this period, and passengers due to travel in the coming weeks, and employees at the Airport will be unaffected by the decision.
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Thinking ethically at Daisy Green Magazine
Posted on: 14/12/11
The idea for Daisy Green Magazine was borne out of Nicola Alexanders irritation with the traditional womens press, full of too fat, too thin stories. But it was after reading a negative report about charity shops, Nicola was finally spurred into action. I didnt understand how important where something comes from is, but once I did, I couldnt un-learn it, she recounts. I decided to give up my career in teaching, and while this has resulted in huge change and challenges, I have never regretted it due to my wholehearted belief in what I have created, Three years later, Daisy Green Magazine has gone from strength to strength. Described as a cross between Sex and the City and the Good Life, the online publication is aimed at people who are looking to live more ethically and sustainably.On the site we focus on fair trade and charity products, which dont always get mentioned in the traditional press, says Nicola.There are lots of brands out there making brilliant, unique and ethical clothes - many of which are no more expensive that other clothes on the high street.Indeed, provenance is something which is incredibly close to Nicolas heart, and throughout our conversation she stresses the importance of knowing where clothes, food and beauty products come from.When you see these cheap clothes on the high street, you think how are these people being paid she continues. And you really need to consider how making these products can earn someone a living wage.Her views are clearly shared by others, and each month 60,000 visitors - and counting - come to the site. The demand for the site means that Nicola now employs five members of staff, who produce between 20 and 30 articles each week. One the site there is a mixture of fashion, beauty, food and competitions, but whatever area were focusing on, its always about ethics. says Nicola. More recently, Daisy Green published the first of their quarterly mini-print editions, which Nicola hopes will generate further interest and awareness of green issues.We are also organising Daisy Green events, and next year hope to organise Newcastles first Green Expo.Newcastle has developed a reputation as the UKs most sustainable city, and we are also keen to promote that through business to business and business to consumer activities.On the 15th December, Daisy Green has organised a swap and shop event at the Shipley Art Gallery - a great opportunity to see what the Magazine has to offer.
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SME financing there is another way
Posted on: 14/12/11
Rupert Lee-Browne, CEO of Caxton Fx, shares his thoughts on what the Autumn Statement spells for SMEs.
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Whitbread lower as its Premier Inn revenue falls
Posted on: 14/12/11
Having opened broadly flat, the FTSE 100 steadily gained ground throughout the day in what manycommentators described as a bounce back from the heavy losses seen in previous trade. Addingto risk appetite was the strong demand that was evident during the first sale of short term bondsof the eurozone bailout fund, the EFSF. The fund sold 1.972 billion worth of three month treasurybills with a bid to cover ratio i.e. the value of the bids received compared to the funds requiredof 3.2. It also achieved an average yield of 0.2222, something that can be considered a successfulgiven this is lower than the yield on comparable French debt. Further, results from the German ZEWEconomic Sentiment Index, a forward looking gauge of economic outlook, showed an improvementin December, suggesting the country is scraping through these difficult economic times.
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Does it come in ...
Posted on: 14/12/11
I get a lot of requests from people asking for quick fixes and short cuts to sales success. My answer is always the same, there is no quick fix, you have to do your sales job properly by making your customer feel important by asking relevant questions, listening to their answers and selling them something that they really need and something that is of benefit to them
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Alive After Five causes surge in shoppers
Posted on: 13/12/11
Newcastles Alive after Five retail offer is attracting high numbers of shoppers to the city in the run up to Christmas.Most shops in the city centre are now open until 9pm during the week, and the scheme has had a marked impact on shopper levels in Newcastle. During the weeks commencing 21 and 28 November, footfall was up 33 and 44 respectively on the same weeks in 2010.The Alive after Five figures are even stronger, with shops witnessing a 58 and 90 increase in shoppers during the same two weeks.
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ETS acquired by US giant
Posted on: 13/12/11
A global US company have acquired Hartlepool firm Engineering Test Services ETSMistras employs over 2700 staff across the globe, and is well known for its integrity testing services for critical energy, industrial and public infrastructure. The deal will help ETS, who provide testing services and manpower to heavy engineering, offshore and power sectors, to move into a global marketplace.As well as fast forwarding the firms expansion plans, the move is set to create 50 jobs.
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£10m funding boost for NE business
Posted on: 13/12/11
The European Regional Development Fund Competitiveness Programme is investing almost £5 million in the region, in a move which will create or safeguard around 1,500 North East jobs.The money will go towards the Investment for Growth Project, and will be match funded by SME contributions.Business Enterprise Group will deliver the project using their expertise in helping businesses identify new opportunities. By 2012 they hope to assist almost 800 new and established small and medium enterprises to integrate skills into the workplace, and help a further 720 to improve their performance.
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North East duo recognised in Online Fashion 100 publication
Posted on: 13/12/11
In the world of fashion Leon Bailey Green is recognised as an influential character who dedicates his time to helping fashion websites raise their online profile, as well as hosting his own fashion blog. Today Leon Bailey Green released his annual Online Fashion 100 list which featured two of our very own Directors Tim Johnson and Matt Burton.
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Building the Future
Posted on: 13/12/11
There is no denying that times are tough. But the saying when the going gets tough, the tough get going couldnt be truer than in the case of two forward thinking organisations based right in the heart of Wallsend.Earlier this year Wallsend Memorial Hall Trust and Wallsend Peoples Centre made a strategic decision to join forces and become a new charity dedicated to providing Social, Cultural and Educational opportunities for the people of Wallsend and the wider Borough of North Tyneside.
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Party time swings around
Posted on: 13/12/11
Well it is party season and it is fair to say that this is a very busy time for employmentlawyers. Frustrations, angst and budding office romances seem to collide with aheady concoction of alcohol and a chance of a boogie woogie on the salubriousdance floors of the North East to create mayhem.
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Innovative software launched to help knowledge sharing
Posted on: 12/12/11
A unique software system being developed in the North East could help academic institutions share information on a global scale.Inkspot Science have developed the web based platform, which allows science and engineering companies to store and analyse data, run work flows and share work with selected individuals and groups.The cloud computing technology will now help organisations develop faster research in a more efficient and effective manner. It is hoped that the data and information will then be translated into innovative products and solutions to promote economic growth.Sunderland University are the first institution to sign up to the programme in the hope of driving more local economic growth through Newcastle Science City.Inkspot are now based within the Universitys new £8.5 million Science Complex, where they are well placed to support staff and students in various areas of research, including pharmacy, pharmaceutical sciences, biomedical sciences and drug design and development.Roz Anderson, Professor of Pharmaceutical Chemistry in the School of Pharmacy, said Linking up with Inkspot meets our needs in several ways it will support the quality of teaching, our students work and promote our research ambitions, as well as engage further with stakeholders. We want to treat this as a scientific Facebook, where we share our results with groups and universities across the world, in a real-time data-sharing environment with our collaborators, allowing the results to progress quicker.The new cloud technology will enable the university to compile results from a whole class of undergraduates, thereby allowing them to do a whole range of statistics which would not be available using a single set of results.It will also be of benefit to PhD students required to analyse large amounts of data.The five founders of Inkspot bring with them a wide range of technical, scientific and business skills and have launched the product after spending 3 years developing the technology.Professor David Leahy, Chairman of Inkspot Science, said The web-based system means researchers anywhere in the world can access the best tools for doing research and can collaborate with anyone else in the world, so it lowers the barriers to accessing good quality research. We are delighted to be collaborating with Sunderland. This is our first significant breakthrough agreement with a major university were now looking to build on this partnership.Potentially the system offers the same kind of infrastructure larger companies and science industry would have access to.
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US social media marketer opens UK office
Posted on: 12/12/11
US small business marketing advisor, Constant Contact Inc will extend its services to UK SME.The company aims to support its current UK customer base, of over 10,000, and its partner base, with the opening of a London office. Constant Contact has recently conducted research that shows only a third of UK SMEs believe their current social media marketing efforts have been effective.Building on this, the company offer their Social Campaigns product, a tool designed to help SMEs quickly and easily run measurable social media marketing campaigns on Facebook.Annette Lafrate, UK managing director at Constant Contact, said While there are plenty of differences between geographies, small businesses around the world have one big thing in common they are time, and resource starved.In fact, our research shows that two of the biggest challenges for UK SMEs are effectively targeting the right audience and keeping up with the latest online marketing tools. Were here to help them tackle those challenges so they can create effective online marketing campaigns, quickly and easily, and get back to their customers needs.Two free social media tools will also be offered in the shape of NutshellMail, a monitoring tool, and Social Media Quickstarter, a starter package for SMEs wanting to start social media marketing.Annette continued Education is a hallmark of our offering. The vast majority of small business owners arent marketers by trade, and we know they need more than just a tool to get started.Whether thats help with getting their first social media campaign out the door or advice on how to write an attention-grabbing email subject line.Our team of marketing experts can help we truly believe in the power of know-how to get the best results, and were here at every step of the way to provide that knowledge to our customers.
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£85m pyrolysis plant set for construction on Teesside
Posted on: 12/12/11
The development of pioneering new energy plant in the region is drawing high levels of interest from potential suppliers, thanks to one of the key figures behind the project.At an industry gathering, Richard Tweddle, manager of PYReco addressed members of the Energy and Environmental Industries Forum, to discuss plans for an £85 million pyrolysis plant.The plant, which will be the first of its kind in Europe will be situated in Wilton on Teesside, and will use innovative technology to deconstruct tyres into their constituent parts, including carbon black, steel, oil and gas.Richard Tweddle said This is a new technology with so much potential and the North East is the ideal place to have the plant because of the regions facilities, infrastructure, knowledge base and supply chain.Pyrolysis is much more than recycling. It processes used tyres, which are currently buried in landfill, incinerated or illegally dumped, to recover all the valuable components which were used in the initial manufacturing process.Carbon black will be sold back to tyre manufacturers for new tyres, white the high-tensile steel will also be sold on. The retrieved oil and gas will be used to generate electricity at the Wilton site.Mr Tweddle continued The more people in the industry and the region who know about pyrolysis and the benefits it can bring the better so I am grateful to the EEIF and to Ward Hadaway for the chance to spread the word about the plant.The Energy and Environmental Industries Forum is a newly formed network representing the North Easts low carbon environmental goods and services industries, and hopes to enable supply chains and inward investment in the region.Mark Whitehead, partner and head of the Energy Team at Ward Hadaway, said Richard and the team at PYREco have a fantastic vision for the potential of this pyrolysis plant and the process and they are very ambitious about expanding the technology further.This is particularly timely since companies now have a legal requirement to employ the most environmentally responsible recycling or disposal route for any waste products the so-called waste hierarchy.
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Government announces plans for Green Investment Bank
Posted on: 12/12/11
The Government has announced plans for the next steps of the Green Investment Bank which is set to facilitate the UKs transition to a green economy.The priority sectors for the Bank were provisionally named as offshore wind generation, commercial and industrial waste processing, waste generation energy, non-domestic energy efficiency and support for the Green Deal.The business secretary Vince Cable said There is a great opportunity for British businesses to lead the transition to a green economy and stake a claim on a sector that has massive potential for growth.
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Low Carbon Industry set for further growth
Posted on: 12/12/11
The North East low carbon industry has received a boost after a new company was developped to oversee the growth of the sector.Zero Carbon Futures, set up by Gateshead College, will deliver a range of local and national programmes designed to advance the regions reputation as a European leader in the production of low carbon vehicles.The new organisation will take over some of the responsibility for this sector previously held by One North East, and will now begin to work with the Local Enterprise Partnerships and a range of local stakeholders on the new agenda.Zero Carbon Futures will also compliment the Colleges successful Regional Growth Fund bid for £6.2 million, which will create 5000 jobs, including 1500 apprenticeships, in the next 10 years.Mick Brophy, Managing Director of Business, Development and Innovation at GatesheadCollege, said Gateshead College is renowned globally as a leading provider of training andskills for the low carbon vehicle industry.The creation of Zero Carbon Futures will ensure that the North East also remains at theforefront in the development and manufacture of all-electric and low carbon vehicles, along withproviding the training and skills needed for this new industrys workforce.The company, which opened on December 1st will be responsible for overseeing the conversion of the former Nissan test track, into the North of Englands first Performance Track, which will be the last element of the regions comprehensive offering to the low carbon sector.Zero Carbon Futures will also lead the Charge Your Car project, which aims to install over 1,000 electric vehicle projects across the region by 2013 to encourage the adoption of EVs.Zero Carbon Futures is led by Dr Colin Herron who is a Visiting Professor of Engineering atSunderland University and was a key member of the RDAs low carbon vehicle team.Dr Herron said One North East helped the region take huge strides in the development of athriving low carbon vehicle economy. Zero Carbon Futures and the Charge your Car project willbuild on this success and firmly cement North East Englands growing reputation in this sectoras the place to do business.
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Demand for temporary workers rises
Posted on: 12/12/11
Demand for temporary workers has risen once again, as fewer people are being recruited to permanent positions.Research compiled by the Recruitment and Employment Confederation and KPMG, across 400 recruitment agencies, found a drop in permanent job vacancies.Pay pressures remained subdued in November, with both permanent salaries and temporarycontract staff hourly rates increasing only marginally.The availability of staff to fill vacancies continued to rise in November, but at a slower pace, and the growth of permanent candidate availability was only marginal, presenting the weakest growth since May.Bernard Brown, Partner and Head of Business Services at KPMG commented This months Report on Jobs makes grim reading.Given the uncertainties of the European market, the Governments recent stimulus package could not have come sooner, as unemployment creeps ever higher. While most commentators suggest unemployment will peak lower than 3 million, this figure may be tested in the year ahead.Time will tell if recent interventions are enough to reverse the worrying trend of the last few months. If so, we should pick this up in our statistics over the next few months.He went on to highlight bright-spots in the otherwise gloomy data, pointing to the rising demand in permanent placements for engineering and construction staff, ahead of this time last year.Demand also rose for IT and computing staff, and for executiveprofessional and secretarialclerical categories. Kevin Green, the RECs chief executive said This months report highlights a rapidly declining jobs market. The market has been slowing since May but this slowdown has accelerated in the autumn.This is being driven by the double whammy of falling business and consumer confidence.This is bad news for those out of work and, as a consequence, we expect unemployment to rise in December and January.On a positive note however, the report shows that temporary staff appointments are still growing, albeit at a decreasing rate.The Government has done as much as it can in the short term to remove restrictions to employment and stimulate demand, however, if confidence doesnt return quickly to get the jobs market moving again, the Government may need to take more radical action in the New Year.
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Turning high-tech ideas into successful technology businesses
Posted on: 12/12/11
Dr Colin Smithers is co-founder and managing director of Plextek, one of Europes largest electronics and communications design consultancies. He shares his thoughts on starting up a technology business.
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Take care with PAYE, say experts
Posted on: 12/12/11
Businesses are being encouraged to take extra care over PAYE, or risk liability for their employees tax bills.As many employees receive their tax bills for the year 201011, Graham Purvis from Robson Laidler is encouraging employers to ensure PAYE is correct, or risk being caught out.He commented One common problem identified is the failure of employers to operate the correct tax code. Even though this may be because they have not realised it has changed, employers could still be responsible for footing the bill.If employers can show that they took reasonable care when working out employees PAYE however, payment can be collected from the employee.Mr Purvis is now encouraging employers to inform their employees of any amendments to their tax codes before any changes come into place, especially if the code relates to the following tax year.If any errors are spotted, then employers can correct them without asking permission of HRMC. However, if this will result in a large tax deduction on one pay period, employers must contact HRMC and ask to operate PAYE on a week1month1 basis, thus protecting themselves from a potentially hefty tax bill.
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Over half of businesspeople regularly daydream in meetings
Posted on: 12/12/11
New research has indicated that an overhaul of boardroom practices is needed, after half of all business people admitted to zoning out in meetings.53 of those questioned admitted to daydreaming regularly in the boardroom, while a further 10 confessed to falling asleep in dull presentations.Meetings with unfocused agendas, inter-departmental bickering and an over-reliance on PowerPoint were all factors cited as reasons for a quick snooze.Head of the Anti-PowerPoint Party Matthias Poehm, who compiled the statistics, believes that this should now serve as a wake up call to businesses to change the way they conduct meetings.He commented The results show that in the majority of cases, the meetings dont fulfill what one expects.This is because they are allowed to over-run and lose focus, and put too much emphasis on tools such as PowerPoint, which often simply bombard people with results until their attention switches off.On average, British businesses spend around 6 hours and 38 minutes in meetings each week, equating to 308 hours each year. At managerial level, this rises to 777 hours annually.Most meetings last around 47 minutes, but most people begin to lose concentration after around 17 minutes. This means that time, and money, is often wasted through ineffective meetings, and 90 agreed that over-long meetings did more harm than goodHe added The Anti-PowerPoint Party wants to make clear the message that everybody can present in an effective and productive way.There are many tricks to giving a great presentation. One simple remedy is to replace PowerPoint by a flip-chart. Research by the APPP has shown that in 95 per cent of cases, the result is that people are more eager to follow.
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Private investment key to SME growth
Posted on: 09/12/11
Businesses across the region who have previously struggled to fund funding are being encouraged to look towards a private investment scheme to help them grow.The Seed Enterprise Investment Scheme, which is included in the Governments draft Finance Bill 2012 will make it make it more attractive for business angels and investors in support start-ups and SMEs.the new scheme will provide income tax relief of 50 to individuals who invest up to £100,000 in qualifying companies, and in the first year there will also be a capital gains tax relief. This would offer a potential tax relief of up to 78, which should prove very attractive to investors.
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Eurozone developments prompt mixed response from industry
Posted on: 09/12/11
As Cameron defends his decision to block an EU-wide treaty to tackle the Eurozone crisis, many are wondering where this will leave the UK. James Hickman, managing director of Caxton FX, stated that it was no great surprise to see the EU Summit fail to deliver effective solutions to the eurozone crisis.He said David Cameron was completely right to protect UK interests and not bend to the will of the French and Germans. While the economic climate in Britain is far from being rosy, the markets have responded positively to the Governments austerity measures and we dont need to be dragged down by those who havent been as responsible. This is clearly illustrated by the strength of sterling against the euro over the past couple of weeks, with the markets saying much the same.Mr Hickman also suggested the outcome of the EU Summit did not go far enough, and that similar problems would only repeat well into 2012.He questioned the likelihood that periphery eurozone countries such as Greece would be able to conform to proposed responsible economic measures.Elsewhere, David Blair, head of regulation at law firm Osborne Clarke said The Eurozone seems to have come up with a decent plan for staunching the flow, which will be good news for the economy, but the UK hasnt had to entrench itself any deeper in the European mire and has showed the backbone to fight against the erosion of its financial services industry. The thing that amazes me is that there is a queue of six Eastern European nations waiting to join the Euro. I wonder if theyve also hired Bernie Madoff to invest their sovereign wealth for them. Opinion still seems divided on whether to throw our financial industry overboard to avert the dangers of British isolation. In light of the storms battering the country, one would have expected a greater understanding of the need for insulation from the fire raging in Europe.
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Yorkshire businesses risking IT security
Posted on: 09/12/11
One in four Yorkshire businesses have suffered a breach in IT security, according to new independent research from KC.Despite 92 of respondents valuing IT security as important to their business, 25 fail to use any form of security software. As a result KC, formally known as Kingston Communications, have launched a new initiative as part of its wider security services to support small businesses across Yorkshire.The company will be offering free consultations with a KC security expert who will conduct a full assessment of the business and provide advice and guidance on how best to protect it against online threats. Tracey Hannan, IT security specialist at KC, explained The internet is vital to the operations of most businesses these days. But by not taking adequate security precautions, small businesses are playing Russian Roulette every time they go online, open an email or connect a mobile phone to their computer to download music. This may sound dramatic, but when you consider that each security breach costs between £10,000 and £20,000, in a tough economic environment this can mean make or break. No one would knowingly leave their office or shop unlocked at all times, so why do it onlineShe went on to outline a new security system that KC will offer, called SoHoBlue, that can operate over a number of PCs.Tracey added Investment in IT security doesnt need to be difficult or expensive. In fact, with our SoHoBlue system costing the equivalent of just £33 per month, its getting cheaper and easier to protect your business. You can even get someone else to manage it for you, mitigating directors liability should something untoward happen.
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Small businesses rolling their sleeves up for Christmas
Posted on: 09/12/11
Small businesses across the UK are rolling up their sleeves in the lead up to Christmas, as they report a challenging trading environment.Research from American Express and Costco shows that 65 of small businesses surveyed are working longer hours than they ever have before, with the most businesses reporting extended hours in East Anglia at 75.Close behind was the North East at 73, and Yorkshire and Humberside at 69.Respondents also reported harsher trading conditions, as 69 said the cost of business is higher now than this time last year.This was reported highest in Yorkshire and Humberside at 80, followed by East Anglia at 79.Overall more than a third said they will be extending their opening hours even further to maximise business opportunities. With just three weeks left until Christmas, stock management was highlighted as a key issue within the survey.More than half of businesses suggested that paying for stock upfront is a key concern when it comes to cashflow.Steve Pappas, Managing Director, Costco said We understand the challenges that small businesses are facing and that its important to strike the right balance between maintaining cashflow and investing in sufficient stock to make the most of the busy festive period. A significant proportion of small businesses say that using a credit card helps them manage business cash flow 85 per cent and thats why we have partnered with American Express to offer new support to our members.Many respondents pointed to maintaining financial flexibility as the key challenge for 2012.Steve continued We run a tight operation that is focused on driving sales and delivering added value for our members. Our new partnership with American Express means we are giving small businesses across the country greater payment choices through the festive period and going into 2012.
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StinkyInk talk to Bdaily about their e-commerce experiences
Posted on: 09/12/11
John Sollars, serial entrepreneur and MD of the printer ink web superstore Stinkyink.com, shares his thoughts on the role of ecommerce in his small online business.
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Exclusive marketing package
Posted on: 09/12/11
Need new businessWant to attract new customersCommitted to raising your profile and letting people know about youWe are delighted to bring you an exciting, effective and exclusive marketing package that will offer you an excellent foundation to build professional, engaging content to a targeted marketplace across the North East region.Bringing together two formidable networks, Asian Business Connexions and Bdaily Business Network, we can collectively reach over 250,000 people across the North East with a clear message about your business. This exclusive marketing package includes some unique promotional opportunities, as well as active production of marketing materials you can use as part of this activity, as well as use across your ongoing marketing of your business.1. Film Content Production. This will include one piece of film, fully scripted, shot and edited. The type of film includes either a company overview, an interview with a journalist or an eventseminar. The final piece will be delivered to you to use across your website, You Tube and of course to be published and communicated across the Bdaily Business Network and Asian Business Connexions Network.Company Overview short version- 60 second web videoShowcase your product or service with a short voice over lead company profile video. We will spend a half-day at your location of choice to get a true representation of your business.- day shoot with full HD kit and professional crew- 3 stage edit including colour grade and sound mix- voice overExample a hrefhttpbdaily.co.ukvideosnews21-09-2011particularpro-ask-the-experthttpbdaily.co.ukvideosnews21-09-2011particularpro-ask-the-expertaInterview short version- 3 minute web videoLocation based shooting with a single camera crew. This format can be used to address staffclients internally or externally online. Interviews can also be a great way of getting testimonials from clients.- 12 day shoot with full HD kit and professional crew- 3 Stage edit including colour grade and sound mix Examplea hrefhttpbdaily.co.ukvideosinterviews30-08-2011bdaily-visits-ne-bic-and-speaks-to-chief-executive-paul-mceldonhttpbdaily.co.ukvideosinterviews30-08-2011bdaily-visits-ne-bic-and-speaks-to-chief-executive-paul-mceldonaSeminarEvent coverage 12 day- Web video and DVD with no running time limitSingle camera coverage of a corporate seminar. These videos can be edited and delivered quickly to be online shortly after the event has happened.- 12 day shoot with full HD kit and professional crew- 3 Stage edit including colour grade and sound mixExamplea hrefhttpbdaily.co.ukvideosfinance12-09-2011better-business-finance-helping-smes-prosper-or-just-another-initiativehttpbdaily.co.ukvideosfinance12-09-2011better-business-finance-helping-smes-prosper-or-just-another-initiativea2. Company Profile. A web page on the Bdaily Business Network and Asian Business Connexions Networks main sites. This includes a logo, all company members registered across Bdaily, an alignment with one of our 23 sectors, company product and services, and an aggregator of content that is published by the company or Bdaily including news, events, jobs and blogs.3. Company News. The ability to publish content on the main Bdaily site, as well as on your own company pages.4. Company Events. One of the biggest event calendars in the region, your company can publish your events on the main events page as well as your own company pages.5. Company Jobs. A growing jobs board, Bdaily attracts over 100,000 unique visitors to its site per month. This is a great place to post jobs.6. Company Blogs. A successful blogging community, you can publish directly into the blogging pages across the Bdaily central site.7. Spice FM. Mention on the Friday Morning Business Show, hosted by Ammar and Jalf8. NE Times Column. Mention in the monthly ABC column. Next stepsThis exclusive, WOW package will cost £995.00 for ABC members only.This package is a launch price, and is normally worth £2995.Please contact Ammar Mirza at ammarammarm.com or Si Bales at a hrefmailtosiobhan.balesbdaily.co.uksiobhan.balesbdaily.co.ukaLook forward to hearing from you soon,The ABC and Bdaily Team
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Car 2 U celebrate £135,000 investment
Posted on: 09/12/11
A Washington based car rental firm is celebrating the expansion of its fleet and the creation of new jobs, thanks to a £135,000 investment in the business.Northstar Ventures, who manage the Finance for Business North East Accelerator Fund decided to invest in Car 2 U, after their demonstrated strong ambitions for growth.Car 2 U specialise in supplying dual control cars, 4x4s and commercial vehicles with tow bars to driving schools and accident management companies.As well as buying new vehicles to add to their current fleet, the firm now homes to expand into various business and commercial sectors to provide other niche vehicles for work and leisure purposes.Alongside these changes, Car 2 U also plan to further develop bespoke software for the hand -held PDAs carried by their delivery drivers. The new software will allow vehicle availability to be updates in near real-time, minimising paperwork and administration costs, improving efficiency and helping to reduce CO2 emissions and fuel costs by emliminating wasted journeys.Car 2 U managing director Gillian Frary expressed her delight at the news.
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NBSL advisers accredited by standards body SFEDI
Posted on: 09/12/11
When seeking advice of any sort it is often difficult to know whether the information provided will be accurate, helpful, positive and delivered by someone who knows what they are talking about. So how do you choose who to use when seeking business advice and coaching Quality marks indicate that organisations meet certain specified standards and in many fields these also extend to the competence of individuals.
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Water treatment company taps into college expertise
Posted on: 08/12/11
Gateshead College has won a major training contract with one of the worlds leading designers and builders of water treatment facilities to help it boost business performance.Dozens of staff at the head office of Oldham-based MWH Treatment are undergoing the business improvement training BIT, which is being delivered onsite by the colleges employer training team.
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Phoenix Taxis launch their Teen Safe campaign
Posted on: 08/12/11
a hrefhttpwww.phoenixtaxis.netPhoenix Taxisa a well established, licensed taxi firm based in Northumberland, are launching a fantastic new scheme called Teen Safe.
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US CRM provider move into Cambridge
Posted on: 08/12/11
One of the worlds fastest growing Customer Relationship Management companies, SugarCRM, has announced the opening of a new office in Cambridge today.The company, which is headquartered in California, has experienced rapid growth over recent months, with its products and services.As the third largest CRM provider in the world behind Microsoft and Salesforce, the firm hope they can emulate prior international success in the UK, with the introduction of the new office.The new site will be situated in Silicon Fen, the Cambridge high-tech business cluster, which is one of the most dynamic technology centres in Europe.A focus on open innovation within the cluster, and strong links with Cambridge University played a part in companys decision to move there.Tom Schuster, VP and GM of SugarCRM Europe, said Outside of the US and Germany, the UK is our largest market and has the greatest potential, so it was imperative to increase our presence here.Opening an office in Cambridge will allow us to meet the needs of our UK partners and customers and to enhance our offerings further, thereby ensuring clients are supported effectively and are achieving the best possible results for their business.SugarCRM also has offices around the world in Raleigh, Minsk, Belarus, Munich, Germany, Paris and Sydney.
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Charities unaware of energy discounts
Posted on: 08/12/11
Many charities are unaware that the energy they use is subject to a reduce 5 VAT rate, and exempt from the Climate Change Levy.Research from Make It Cheaper, suggests that £78m in unnecessary tax will be paid by charities this year, as 46 of them do not know about the discount.Over two-thirds are unaware that they can also claim a rebate for incorrect payments made over the past three years.It is estimated the total reclaimable amount could be as high as £145m, as charities simply have to sign a declaration form and send it to their supplier to qualify for the exemptions.Jonathan Elliott, managing director of Make It Cheaper, said Theres and awful lot of money being prevented from going to good causes quite unnecessarily.The rising cost of energy already takes a big bite out of budgets at a time when many charities are dreaming of a windfall.Worst hit are the smaller ones, often run by volunteer treasurers with little accounting experience.Whilst its HMRC that benefits from overpayments, the energy companies are not exactly absolved from blame and could be doing more to help their charity customers.He went on to say there were cases of organisations successfully applying for a rebate, only for their supplier to subsequently start billing the full VAT amount again because of an administrative error.There are a number of successful case studies, including the Bosco Society in Bootle, who received a £2000 rebate which funded accommodation for homeless people with a history of drug abuse.The Society for Abandoned Animals in Manchester also managed a £1,200 yearly saving, which has gone towards veterinary bills, vaccines and microchips.
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Barratts Priceless Group goes into administration
Posted on: 08/12/11
The Barratts Priceless Group have announced that they are to go into administration.The nationwide shoe shop train have appointed Daniel Butters, Neville Kahn and Adrian Berry, partners at Deloitte as joint administrators.Daniel Butters, Joint Administrator and partner in Deloittes Restructuring Services practice, comments Barratts and Priceless Shoes have faced a downturn in trading as a result of the difficult economic conditions.This has been exacerbated by the unseasonably mild weather in recent weeks which resulted in fewer sales across new winter lines. We will continue to trade the stores whilst we seek a buyer for all or parts of the business as a going concern.This announcement will cause major concerns for the Groups 3,840 employees, who operate in 191 stores and 371 concessions across the UK.He added We are working closely with suppliers to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.
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Newcastle named one of UKs core cities
Posted on: 08/12/11
The Deputy Prime Minister has named Newcastle as one of the first core cities, in an attempt to shift power award from Whitehall.Newcastle will now feature alongside Birmingham, Bristol, Leeds, Liverpool, Nottingham, Manchester and Sheffield as one of the cities to be given greater autonomy by the government.In return for this freedom, each city must demonstrate that they can provide adequate leadership and accountability for their area, as well as improving efficiency and being innovative in their approachNECC Chief Executive James Ramsbotham welcomed the news. He commented Those at the heart of communities, such as local councils and businesses, are best placed to make the decisions that will affect their areas for years to come so greater control over the setting of policy and priorities at a local level - particularly in infrastructure and skills - is a welcome move.Clearly Newcastle is an important part of our economy, but it is also a relatively small area of the North East and its priorities may not fit with other parts of the region. Clarity is required on how it will help other major towns and cities in the North East, how Core Cities will work alongside the Local Enterprise Partnerships and the role of business, which must be at the centre of setting Core City priorities.
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Keo digital takes Bdaily behind the business
Posted on: 08/12/11
Nick Underhill, managing director of Keo Digital takes Bdaily behind the business.
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NBSL funding enables Red Square Design to grow
Posted on: 08/12/11
Paul Rea started Red Square Design in 1995. The company is a graphic design agency based in Newcastle upon Tyne offering print, corporate identity, packaging, branding, exhibition and display services. After 16 years at the helm he felt that he needed to look towards developing the business and broadening his leadership and management skills to allow him to expand the company. Pauls aim was to secure the future development of the business, ensuring growth, profitability and potential employment opportunities.
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Beginners guide to investments an introduction
Posted on: 08/12/11
Over the next few months and exclusively to Bdaily, well provide a Beginners Guide to Investments. The monthly features will cover various topics from asset class types to portfolio strategies, the economy and the factors that affect your investments.
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Government set challenge to promote community buying
Posted on: 07/12/11
The Department for Business, Innovation and Skills has unveiled a new competition aimed at promoting the benefits of community buying.Launched in partnership with Co-operatives UK, the trade association of co-operative enterprises, the Buy Better Together Challenge offers a prize fund of £60,000.Any group or organisation within the public, voluntary or business sectors will be eligible to enter.Applications open in January 2012, with shortlisted entrants required to prepare a detailed business plan for the final stage. Support will be awarded to the schemes that best demonstrate innovative models of group buying, and which deliver real benefit for communities.Launching the challenge at a conference in London, Consumer Minister Edward Davey, said This is another strand of our consumer empowerment strategy giving consumers the tools and guidance they need to take more informed choices and get better deals. I look forward to seeing the new and exciting ideas that will be put forward for the prize and the benefits that it will bring for the wider community.The Government hopes that by promoting community buying, businesses can be helped to spread their overheads and in turn lower costs for consumers.Ed Mayo, Secretary General of Co-operatives UK, added Co-operative buying, whether informal with friends, student food co-ops or of crowd-sourcing online, is a growing trend among consumers and a good way to make your money go further.Our research shows that a quarter of people already buy in bulk with others and this is set to rise by 20 per cent this year. With household budgets under such a squeeze, we are finding more interest than ever in co-operative models of business.We are delighted to work in partnership with BIS to launch the Buy Better Together Challenge to recognise and inspire new models for buying together.The launch of the competition coincides with the publication of The Guide for Community Buying Groups, which sets out practical advice on how to get started in community buying business planning and dealing with finances, and marketing, legal and tax considerations.
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UKAR close 700-strong Newcastle office
Posted on: 07/12/11
UKAR, the firm that manages the closed mortgage book on Northern Rock is to shut its Newcastle office, which employs 700 people.The company plans to move most of the staff from its Gosforth operation to Sunderland and West Yorkshire, citing cost-efficiencies as the motivating factor behind the change.David Fleming, Unite national officer, said The news that UKAR is to shut down its site in Gosforth, Newcastle is devastating news for the 700 staff based there. Just last month the region had the great news that Virgin Money would commit to the Northern Rock site in the north east. This much needed boost has been short lived. There is a need for urgent action to support the financial services sector of the region.UKAR was established in 2010 to deal with the closed mortgage books of Bradford Bingley and Northern Rock Asset Management.It operates across sites in Newcastle, Doxford Park, Sunderland and Bingley, West Yorkshire.Chief Executive of UKAR, Richard Banks said, Our job is to manage the wind down of the mortgage books. By the end of 2013 we expect the number of mortgages to have reduced by 25 since UKAR was established. As a consequence, we will need fewer people and it will no longer be cost effective to run the business from three sites. Our duty is to deliver value for money for our owner, the UK taxpayer. The loss of some jobs is regrettable but we will work hard with colleagues and the union to relocate people where possible and offer support to those colleagues affected.In a written statement, UKAR said it was acting to maximise value to the taxpayer.
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UKAR close 700-strong Newcastle office
Posted on: 07/12/11
UKAR, the firm that manages the closed mortgage book on Northern Rock is to shut its Newcastle office, which employs 700 people.The company plans to move most of the staff from its Gosforth operation to Sunderland and West Yorkshire, citing cost-efficiencies as the motivating factor behind the change.David Fleming, Unite national officer, said The news that UKAR is to shut down its site in Gosforth, Newcastle is devastating news for the 700 staff based there. Just last month the region had the great news that Virgin Money would commit to the Northern Rock site in the north east. This much needed boost has been short lived. There is a need for urgent action to support the financial services sector of the region.UKAR was established in 2010 to deal with the closed mortgage books of Bradford Bingley and Northern Rock Asset Management.It operates across sites in Newcastle, Doxford Park, Sunderland and Bingley, West Yorkshire.Chief Executive of UKAR, Richard Banks said, Our job is to manage the wind down of the mortgage books. By the end of 2013 we expect the number of mortgages to have reduced by 25 since UKAR was established. As a consequence, we will need fewer people and it will no longer be cost effective to run the business from three sites. Our duty is to deliver value for money for our owner, the UK taxpayer. The loss of some jobs is regrettable but we will work hard with colleagues and the union to relocate people where possible and offer support to those colleagues affected.In a written statement, UKAR said it was acting to maximise value to the taxpayer.
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North East flooring firm suffer administration
Posted on: 07/12/11
High quality flooring and fitting services specialists New City Flooring Ltd have entered administration, following reduced profit margins over a long period.The Houghton-le-Spring based company had been trading since 1998, and now Baker Tilly Restructuring and Recovery LLP have been appointed as administrators.Mark Ranson and Phil Pierce will work to preserve work in progress and recoup debtor balances, which is expected to be completed before Christmas.New City Flooring had grown out of the domestic market and into commercial supply, most recently operating across the UK, with clients such as Barclays Bank, Lloyds TSB and Monsoon.Mr Ranson, said It is a real shame that Directors of such an established company have had to make the decision that they are unable to continue trading. The issues faced by New City Flooring Ltd were further exasperated by the general economic climate and increasing competition and are unfortunately symptomatic of the pressures that businesses within this sector continue to experience.22 full, and part time staff, along with 16 sub-contractors had been employed at the firm, which now retains only eight to finish the outstanding contracts.
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North East flooring firm suffer administration
Posted on: 07/12/11
High quality flooring and fitting services specialists New City Flooring Ltd have entered administration, following reduced profit margins over a long period.The Houghton-le-Spring based company had been trading since 1998, and now Baker Tilly Restructuring and Recovery LLP have been appointed as administrators.Mark Ranson and Phil Pierce will work to preserve work in progress and recoup debtor balances, which is expected to be completed before Christmas.New City Flooring had grown out of the domestic market and into commercial supply, most recently operating across the UK, with clients such as Barclays Bank, Lloyds TSB and Monsoon.Mr Ranson, said It is a real shame that Directors of such an established company have had to make the decision that they are unable to continue trading. The issues faced by New City Flooring Ltd were further exasperated by the general economic climate and increasing competition and are unfortunately symptomatic of the pressures that businesses within this sector continue to experience.22 full, and part time staff, along with 16 sub-contractors had been employed at the firm, which now retains only eight to finish the outstanding contracts.
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Business forum honours regions top performers
Posted on: 07/12/11
Chirton Engineering Ltd are celebrating after receiving the Business Of The Year at North Tyneside Business Forum Awards, last night.Owner, Peter Stewart, collected the award from Andrew Hodgson, CEO of SMD Ltd and vice chair of the North East LEP.Mr Stewart, said the award came as a surprise to him, but thanked the hard work of staff at Chirton Engineering, and called upon other businesses at the get behind the training of young people, in order to grow the regional engineering and manufacturing sectors.His comments echoed, Mr Hodgsons speech, ahead of presenting the award, which outlined some of the key focus for the North East LEP.Mr Hodgson said We have two key issues in the North East that we need to do something about. One is that we have the highest unemployment rate in the country, and that is a travesty.The other, some may disagree with me on, but we have a major skills shortage, as only a fraction of our youngsters are gaining STEM skills - we need to convince our young people that such careers are worthwhile.Its easy to sit on the side lines and criticise, but I urge you as businesses to get behind what we are doing with the LEP.He went on to show his admiration for all the businesses present, saying that current conditions were difficult and to run a successful business at such a time was to be applauded. The awards five other categories, including best service sector business, best manufacturing business, best retailer, best start-up and young entrepreneur.Each of the nominees were introduced by behind the scenes video packages that were created by students from Marden High School in conjunction with Big River Films.In a strong field of entries for the young entrepreneur title, Custom Planet were named winners.The screen printing and promotional product business was started by Andy Dark John Armstrong in 2008, straight out of university. They have since grown into a company with £250,000 turnover and seven employees, and supply big businesses such as Proctor Gamble, and Northern Rock. Andy Dark thanked staff at Custom Planet, and outlined their plans to grow the business through apprenticeships and training of young people. Previous winner of the young entrepreneur award, Nicky Gray gave a talk on her experience in setting up businesses in the region, including childrens hairdressers Fidgets, and play centre Kikis Kabin.She said it was important to engage young people with the idea of entrepreneurship as a future, and was keen to ensure this message got into schools.
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Cable announces boost to manufacturing supply chains
Posted on: 07/12/11
The Government is set to inject £125m into UK advanced manufacturing supply chains, in a bid to improve global competitiveness.This week Vince Cable announced that the Advanced Manufacturing Supply Chain Initiative will fund projects aimed at achieving world class standards, and encouraging major new suppliers to come and manufacture here. Established sectors such as aerospace, automotive, and chemicals will be targets, as will newer growth areas where the UK is well placed to take a global lead, such as the low carbon sector.Announcing the plans, Mr Cable said Recent economic and natural shocks such as the ash clouds, tsunami and Japanese earthquake have shown the fragility of long distance and single source supply chains.I want to seize on the increased preference that big global companies are showing for co-locating key elements of their supply chains with their UK manufacturing operations.British suppliers have a lot to offer and we need to help them realise and develop their strengths and sell them on the international market.While still encouraging free trade I also want to gain maximum value for the UK by ensuring our suppliers are in the best position possible to compete for the very significant new private and public investments being made in the UK over the next few years.Applications to the fund will be accepted early in the new year, with flexibility promoted in the type of support the initiative will offer. Successful applicants will receive investment in capital equipment, associated research and development and improved skills and training support.
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Warm glow from Local Heroes Awards
Posted on: 07/12/11
Anyone planning to stage an outdoor event in December has to think carefully about the weather
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Innovation should be top priority for NE businesses
Posted on: 06/12/11
Many North East businesses are aiming drive growth and innovation by investing in new product development in the next 12 months, research has shown.Of 101 businesses surveyed by Yorkshire Bank, over a fifth said they aimed to invest in product development in the next year.48 went further to say they plan to invest at least 5 of their annual turnover in growth strategies in the same period.Almost one in five businesses added that help with research and development costs would do most to foster growth of their company.Yorkshire Banks managing partner in the North East, Simon Lenney, suggested that inspiring innovation should take priority for organisations that influence the regional economy.He said Whether its through television programmes such as Dragons Den or Government support for entrepreneurs, innovators and inventors, having an environment where business ideas can be fostered and supported with the appropriate advice and financial support is extremely important.North East businesses cant afford to stand still at the moment. Thats not to say they should be exuberant in their development plans but constantly sharpening their service and looking to fill gaps in the market are important exercises they should be pursuing.The regions enterprises must be constantly looking for new ways to stimulate growth and our research shows that many business people are clearly aiming to take that approach.Throughout the year, the Yorkshire Bank North East team has supported several of the regions innovative businesses through their Financial Solutions Centres in Newcastle and Stockton.This includes Prudhoe outfit, Global Manufacturing Supplies Ltd, which has expanded into a new 14,000 sq ft warehouse on Low Prudhoe Industrial Estate, as demand for its products in China grows.Totaly Recycling Services has also expanded with a new waster transfer station and recycling building, along with eight new jobs at Yarm Road Business Park.Simon continued Our commitment to supporting trading and forward-thinking North East businesses is stronger than ever and we continue to attract growing numbers of small and medium sized businesses, all of which is demonstrated by Yorkshire Bank delivering on our two-year promise to make £10b of gross new lending to business and personal customers, ahead of our October 2011 target date.Yorkshire Bank has also launched its Investing for Growth package, offering new and existing business customers a dedicated planning service and flexible lending, including loan repayment holidays, interest-only repayments, and extended loan and credit facilities.
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Delays to statutory residency test
Posted on: 06/12/11
The Government will delay the provision of a statutory residence test by a year, it has been announced today. Reform to the test were originally slated for April 2012, but this will now be pushed back until April 2013, to allow for different industry viewpoints to be considered.The move is intended to introduce a simplified test to determine where an individuals residence is, for taxation. In June, the Treasury proposed tighter regulations on residency, making it more difficult to become non-dorm status when leaving the UK by assessing the connections of the person, and their time spent in the UK.Commenting on todays announcement, Susan Blair, Senior Manager at PwC in the North East, said The announcement this morning that the new statutory rules on residence status will be delayed for a year to 2013 will disappoint employers and individuals who were hoping for early certainty on the position. Although this latest consultation has been running since June, discussions have been taking place for the last 8 years. We hope the rules deal with the particular needs of highly mobile industries like Oil and Gas and provide the necessary flexibility to ensure the UK is an attractive location. Employers and individuals do need certainty on the position as quickly as possible. In a written statement, David Gauke, the Exchequer Secretary to the Treasury, said The Government is committed to the form of the statutory residence test outlined in consultation. It will make a further announcement around Budget 2012 when it will publish its response to the recent consultation together with a further consultation on policy detail and draft legislation. This will ensure that the full package of measures announced at Budget 2011 will be implemented in a two-step programme that will be completed in Finance Bill 2013. The Government remains committed to making no further substantive changes to these rules for the remainder of this Parliament.The tax law has traditionally relied on precedent following court rulings, and also input from Customs and Revenues. An announcement on the results of the on-going consultation and draft legislation will now be made at the time of the 2012 budget.
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North East scores highly in arts health check
Posted on: 06/12/11
The North East is a region of arts lovers it seems, as new research shows engagement rates are high.But the Arts Index, published by the National Campaign for Arts as an annual health check for the sector, shows huge disparity in index scores between English regions.London has an average score that is 165 points higher than the North East, which is the second highest region. The research showed there was an erosion of Londons dominant position between 2007 and 2010, although the change was suggested to be less linked to redistribution of public funds, and more to do with the bite of recession on index indicators.Local Government funding was highest in the North East, of all the regions, averaging £11.38 per person.After London, the region also scored highly across Lottery Funding, Business Contributions and Trust and Foundation funding, although the report said that in trying to raise funds from the private sector, the North East had been affected by the recession.Business contributions and individual giving fell by 17 and 13 respectively from 2007-2008 to 2009-2010, and the study said it was worrying that the Government intended cuts to be supplemented by philanthropic donations, particularly as the US equivalent of the Arts Index showed philanthropic giving had steadily declined over the past decade.Elsewhere, employment in the sector fell, while salaries went up, indicating that arts organisations were scaling back at the same time as maintaining services.There was an increase in volunteering in the arts from 1.7 in 2007 to 2008 to 1.9 in 2009 2010, with suggestion that this was attributable to the aging population, with more free time. This publication does not cover the recent cuts to arts organisation, and so the next one is expected to highlight the 2011 squeezing.
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Retail health deteriorating
Posted on: 06/12/11
This mornings figures from the British Retail Consortium confirmed sales growth in November was the weakest for six months.
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£1 billion added to Regional Growth Fund
Posted on: 06/12/11
A further £1 billion boost to the regional growth fund will be set out today by the Deputy Prime Minister Nick Clegg, as he visits the North West.Mr Clegg will announce at least another two rounds of bidding will take place, the first of which will commence in February 2012.It brings the total pot to £2.4 billion, with the focus remaining on job creation, private investment, and supporting area dependent on the public sector.
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£1 billion added to Regional Growth Fund
Posted on: 06/12/11
A further £1 billion boost to the regional growth fund will be set out today by the Deputy Prime Minister Nick Clegg, as he visits the North West.Mr Clegg will announce at least another two rounds of bidding will take place, the first of which will commence in February 2012.It brings the total pot to £2.4 billion, with the focus remaining on job creation, private investment, and supporting area dependent on the public sector.
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Sledge Hammers and Nuts
Posted on: 06/12/11
It is always interesting to see how governments try to resolve situations where really a good dose of common sense is required.
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Is your business losing this vital attribute
Posted on: 06/12/11
Even in these uncertain or anxious times, there are many businesses that are thriving, writes Malcolm Gallagher, and they all seem to have the same thing. Its something we all associate with good health, positiveness and well being. Its vitality.
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Manchester university leads jet engine research
Posted on: 05/12/11
Academics at the University of Manchester will lead research to create a key component in reducing jet engine emissions.The FLITES Fibre-laser Imaging of Gas Turbine Exhaust Species team aims to produce the first ever images of the distribution of chemicals in aero-engine exhaust plumes.In partnership with the Universities of Southampton and Strathclyde, Rolls-Royce, Shell, Covesion, Fianium and OptoSci, the Manchester academics will spearhead the four-year study.Their research will underpin a new phase of low-net-carbon development that is underway in aviation, based on bio derived fuels, and which entails extensive research in turbine engineering, turbine combustion, and fuel produce formulation.Leading the project is Professor Hugh McCann, who said There has never been any research using turbine emissions data to determine the condition and behaviour of internal engine components, especially the combustor.FLITES will open a new door to penetrate the complex phenomena that dictate the performance and limitations of advanced aero-engines, and will help to really pin down the performance benefits of novel biofuels. The team has been awarded £1.8m by the Engineering and Physical Sciences Research Council, and will build on the existing research of fuel in engine combustion chambers.
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New homes for South West
Posted on: 05/12/11
Over 470 affordable homes are to be built in Bath, Bristol and surrounding areas as part of a four-year agreement between the Homes and Communities Agency and Somer Housing Group. HCA has provided £10m of investment to support the delivery of the new homes across Bath, North East Somerset, South Gloucestershire, Bristol, Somerset and Wiltshire.Colin Molton, HCA executive director for the South and South West, said This agreement is great news as it will see much needed new homes delivered in the West of England, Wiltshire and Somerset and make a significant difference to the local communities in which we work.Our local teams have worked closely with Somer Housing Group over recent months to ensure that its programme brings the maximum benefit for local people.But in many ways, the hard work starts now - and we will be focused on ensuring that people in Bath, Bristol and the surrounding areas see the benefits of our investment over the next four years.The development is part of HCAs Affordable Homes Programme, which is set to deliver 80,000 homes across England in the next three years.Mike Grist, Somer Housing Groups Director of Business Development, said At Somer housing Group we have a strong tradition of providing low-cost, high quality homes for local people, with over 300 new homes build last year alone.We are delighted with this major investment from the HCA which will enable use to continue to deliver much needed affordable homes in and around the West of England, and also recognises our leading role as a provider of affordable homes across the region.
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OBriens celebrate national recycling contract
Posted on: 05/12/11
A local recycling company is celebrating after landing a prestigious contract with property and construction giant Gentoo.OBrien Waste Recycling Solutions will process he waste produced by Gentoo in the area, significantly reducing the housing-groups transport-related carbon emissions and boosting their green credentials.Gentoo serves 70,000 customers and 29,000 homes in Wearside, and by recycling 90 of their waste, they and OBriens will make great steps in reducing the regions carbon footprint.Alan Ballantine, group procurement manager at Gentoo said OBrien successfully came through a robust and very competitive tendering process to secure this contract and the company provides an excellent fit for our group.Its also great for the local economy that we have the skills, infrastructure and desire on our doorstep to protect our environment now and in the future and it supports our contribution to improving the art of living for our customers and staff.Gentoo have focused heavily on improving their carbon footprint, and have been included in the Sunday Times Best Green Companies list 3 years running, as well as achieving the ISO 14001 environmental management standard.OBrien have 3 recycling centres in Newcastle, Sunderland and Teesside and strive to recycle 98 of everything it collects, and hope to eventually send nothing to landfill.Nathan OBrien, director of waste management, said Its fantastic to be working with organisations like Gentoo and to see that large operations care about what happens to their waste.
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Procurement sector hungry for workers
Posted on: 05/12/11
The procurement sector has experienced significant demand for recruitment over the course of the past year.Research compiled by Hays Procurement and the Chartered Institute of Purchasing supply CIPS show that the number of procurement and supply chain job vacancies had risen by 33 in Q2 2011, compared with the same period in 2010.Vacancies for procurement officers increased most sharply 200 followed by senior buyers 110 and procurement managers 75.While traditionally the majority of procurement jobs remain within private sector companies, there was a marked increase in the number of public sector vacancies, with an average of 29 in the first two quarters of 2011. The highest concentration of job vacancies is in the South East, at 22, and London, at 18, followed by the Midlands and South West, both at 12. Automotive manufacturing jobs showed the strongest growth, up an average of 73 per quarter in the first half of the year. 60 of respondents to the CIPSSupply Management Profile of the Profession Survey, earlier this year said their salary had increased in the past 2 years. The number of jobs with salaries between £75,000 and £100,000 had risen by 35 in the first half of 2011.David Noble, CEO of the Chartered Institute of Purchasing Supply, said The financial crisis and continuing uncertainties weighing on the global economy, have led many companies to review their business strategies and to expand parts of their operations that ultimately help them to reduce costs and ensure the sustainability of future growth.Meanwhile, recent scrutiny of government procurement strategies has led to more strategic employment in the sector. Hays findings also suggest there may be comparatively attractive opportunities as well as higher demand for candidates, as supply chain jobs attract 20 applicants on average, compared to 30 for human resources jobs, and 31 for non-qualified finance jobs.
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Chesterfield manufacturer secures £1.6m investment
Posted on: 05/12/11
TMAT Ltd, the specialist manufacturer of acoustic and thermal insulation for vehicles, has secured £1.6m of investment.The Chesterfield based business has secured the funding package from HSBC, which will be used to branch into global markets.Working with some of the worlds biggest heavy plant manufacturers including JCB, Komatsu and Volvo Construction, the company has grown significantly over the last three years.TMAT specialise in noise reduction components, which provide a more comfortable ride for operators of plant equipment.Their products have been exported throughout Europe, Asia and the Americas.Jason Lippitt, managing director at TMAT, said Having grown by more than 24 in 2010 and recording record sales each quarter, its been quite a year for the company.We have secured new contracts that will ensure on-going growth over the forthcoming years.The partnership with HSBC underscores the bright future for us as a business and the manufacturing industry as a whole. The company plan to use the investment to continue product development and innovation of new technologies such as Polyurethane Elastomer, used in the manufacture of high-resilience insulation.
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£45m investment to boost UK exports
Posted on: 05/12/11
Businesses across the North East could be set to benefit from a share of £45 million, after the Chancellor pledged to do more to get more firms exporting.Of the 10,00 medium sized firms in the UK, only 25 are believed to export. Now £10million in funding will be dedicated specifically to this group, and could help an extra 500 businesses move into new markets.The remainder of the funding will be used to help double the number of SME exporters to 50,000 by recruiting new trade advisors and extending support programmes.By extending their presence outside of Europe, SMEs could generate an extra £20 billion for the UK economy each year.
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Software developer makes moves to develop company
Posted on: 05/12/11
A move in premises caused a long established North East software developer to look at their business afresh and to revaluate the aims and objectives of their company. In considering how they might improve as an organisation and grow the business still further they realised they lacked the capability to do this alone and so approached NBSL to assist.
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Groupon to be investigated for advertising breaches
Posted on: 02/12/11
Daily offer company Groupon have been referred to government watchdog, the Office of Fair Trading, after it broke advertising laws on a number of occasions through 2011.The Advertising Standards Authority ASA has referred the company, which will now be begin to investigate its practices.It follows a number of incidences of Groupon breaching UK advertising regulations over the last 11 months. A statement from the ASA said that following repeated breaches of the Advertising Code by MyCityDeal Ltd, trading as Groupon, the organisation would be referring complaints about Groupon ads specifically relating toFailure to conduct promotions fairly, such as not making clear significant terms and conditions failure to provide evidence that offers are available, and exaggeration of savings claims. The statement said the ASA has serious concerns about its ability to play by the rules, and was acting in the public interest by involving the OFT.A similar statement from the OFT said This investigation is ongoing and the OFT will not be in a position to determine whether it considers the law has been infringed until it has completed its investigations and assessed the available evidence.Groupon uses discounts and offers to attract new customers to businesses with consumer products and services.The company has seen huge growth in the last year following the introduction of its travel business, Groupon Getaways among other features, and recently it was valued at £8.1bn.Typically the company will retain roughly 40 of the income generated by the deals. Groupon did not respond to Bdaily enquiries about the investigation.
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New medical phoneline rolled out across Derbyshire
Posted on: 02/12/11
Derbyshire Health United are leading the way in out-of-hours care provision, as one of the first providers to use the new NHS 111 initiative. The Department of Healths new phoneline service is intended to make access to local healthcare services easier, for fast medical health that does not warrant a 999 call.Using Advanced Health Cares Adastra technology, DHU, have launched the service which will provide a route to urgent care for 1.1million people across Derbyshire.Patients who call the number have their symptoms assessed by NHS Pathways, a clinical assessment tool that helps to determine care needs, which forms part of the Adastra patient management system.Pauline Hand, Operations Manager for DHU, said We are excited to be one of the first out-of-hours organisations to deliver NHS 111 with Adastra.Weve used Adastra for the past ten years and we have found it to be a high quality solution that is easy to use. Choosing Adastra as our NHS 111 host system was the natural next step.Callers are prioritised and routed to the most appropriate care based upon the symptoms they report. They are steered towards a range of care options from self-care through to nurse clinicians, GPs, urgent care centres and accident and emergency departments. The service will operate 24 hours a day, 365 days-a-year.
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£18.7 million to support apprenticeships
Posted on: 02/12/11
The Government has announced £18.7 million of funding to support thousands of apprenticeships up to degree equivalent.The Higher Apprenticeship Fund hopes to enable employers, colleges and universities to deliver the advanced skills most critical for growth.Around 250 employers, across sectors such as construction, advanced engineering and financial services will benefit from from the scheme.Among the companies to receive nationally accredited technical training are Leyland Trucks, Unilever, TNT and Burberry.Todays announcement represents part of a £25 million fund revealed in July, and a second round of bids to the fund will be invited early in the New Year, with focus on areas where support is needed for economic growth.Business Secretary Vince Cable said Investing in skills is central to our drive to boost business and productivity and make the UK more competitive. By radically expanding the number of degree level apprenticeships for young people, we will put practical learning on a level footing with academic study.
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Success stories show that Apprenticeships really do work
Posted on: 02/12/11
Its a challenging time to be investing in new additions to the small business workforce when money is tight. But Apprenticeships offer the small business a great cost effective solution to extending their workforce, and starting up new Apprentices is exactly what Northumberland Adult Learning Service is encouraging local businesses to do. The Service is on a mission to increase the number of small Northumberland based companies who can take on a young person, get them into productive training and employment, and help buck the trend of increasing youth unemployment.
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North East secures two renewables hubs
Posted on: 01/12/11
The North East has been awarded two new Centres for Offshore Renewable Engineering, as part of the Governments infrastructure plan.Two sites, on the River Tyne and the River Tees have been identified, and will be promoted as prime locations for offshore renewable engineering businesses.Government will work with local authorities to provide support packages to encourage investment from firms.Chief Executive of the NECC, James Ramsbotham, welcomed the news, commenting CORE status is a commitment from the Government to support the growth in offshore manufacturing in the North East.This recognition of the engineering skills and ambition we have in the region and enhanced status that a CORE will bring will help both the River Tyne and Tees stand out commercially.Hopefully further support will be available as both of the CORE areas overlap with the newly announced Enterprise Zones, which enjoy benefits such as capital allowances and business rates tax relief. The North East locations are two of five sites that have been identified nationally, including Humberside, Lowerstoft and Great Yarmouth, and Sheerness.There was no mention of the CORE plans in Wednesdays Autumn Statement, however the government hopes investment and pension funds will support the sector, as part of the wider infrastructure initiative.
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Powerhouse Biologics receive £100,000 investment
Posted on: 01/12/11
Powerhouse Biologics Ltd have received a £100,000 cash boost to support their business providing personalised advice on foods to boost health and well being.The company was founded by scientists from Newcastle University who developed technology which can analyse an individuals genetic make-up to determine which foods will give them the most benefit.Northstar Ventures decided to back the idea after realising the benefits the service could bring.Set up by Professor Mark Birch-Machin and Dr Georg Lietz, the company has developed out of their cutting-edge research at Newcastle University. Professor Birch-Machin says We are aiming to offer testing kits which will allow people to find out which antioxidants in their diet would successfully boost their bodys own cells. This means we will be able to advise them what they would most benefit from eating. Its incredibly exciting to be on the way to providing a personalised dietary service which means you really will be eating for optimum health.Powerhouse are now in the process of developing a testing kit to analyse a persons genetic differences to offer then a bespoke dietary advice service.Dr Leitz explained Powerhouse Biologics combines our expertise in mitochondria and nutrition and genetic variation. Its the first time these two areas have come together to produce such a test. We know this works in the lab and now the investment from Northstar Ventures means we will be able to take the first step in developing it. The pair are now looking for further investment to produce a prototype of the kit, which they hope to eventually see on high street shelves.Richard Exley from Northstar Ventures added, Powerhouse Biologics has an exciting opportunity at the interface between genomics, nutrition and health. Mark and Georg now have the ability to advance their company to the next level, and get their products into the market place.
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Call for executive pay to be performance linked
Posted on: 01/12/11
The CBI has called for further action to ensure high executive pay packets are linked to performance.In response to the Governments discussion on executive pay, the business group has categorically stated that pay must be squarely linked to performance with no rewards for failure.It has outlined a number of areas where the level of transparency of the remuneration process could be strengthened, including transparency on the criteria used to set rewards executive pay to be considered as part of the broader business pay strategy and withholding performance-related pay in cases of poor performance.Chief policy director at the CBI, Katja Hall, said High pay is only ever justified by outstanding performance.The current system of corporate governance is a robust mechanism for setting executive pay when its applied consistently and effectively, and there are ways it could be strengthened further.Remuneration committees have critical role to play in ensuring that pay is always squarely linked to performance.We believe remuneration committees should be bolstered by widening the pool of non-executive directors that serve on them and giving them greater scope to reduce or withhold rewards in cases of poor performance.The lobby group suggest that remuneration committees should examine the practicalities of greater use of measures to reduce or withhold performance-linked reward where business performance is not sustained in the longer term. It also encouraged RemCos to share best practice and widen the pool of non-executives involved in decision making.
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Starbucks create thousands of jobs with drive-thru model
Posted on: 01/12/11
Starbucks have revealed they intend to create 5,000 jobs across the UK, over the next five years.The multinational coffee chain aims to capitalise on customer demand for drive-thru stores, that offer high-street quality coffee on the road.200 new drive-thru stores will be opened in the hope that the brand will corner this niche in the market.David Cameron applauded the news as a boost for the private sector, and the economy as a whole. Kris Engskov, managing director of Starbucks UK Ireland, said Customers told us that they now expect the best possible coffee wherever they are and the success of our first drive-thru stores shows that this is a huge opportunity. It also means that we are able to create quality jobs at a time when they are most needed and because half of our baristas are under 24 years-old, this will particularly benefit young job-seekers at a time of record youth unemployment. The company currently operates nine of the store types, the first of which was opened in Cardiff in 2008.Subsequent research by Allerga Strategies has shown that customers think coffee available on the road is very poor and that they demand the same quality as found on the high street.Roughly half of the new stores will be operated under license by Blackburn-based petrol forecourt retailer, Euro Garages, with a concentration in the Midlands and the North West.
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Open Data opportunities bolstered by new institute
Posted on: 01/12/11
A new Open Data Institute will be established in East London, to drive innovation and growth opportunities created by the Governments Open Data policy. Up to £10m will be supplied over five years to support the development of the Open Data Institute ODI which will be co-directed by Professor Tim Berners-Lee and Professor Nigel Shadbolt.The facility is to be based in Shoreditch, and will be implemented and developed by the Technology Strategy Board by April 2012.Business and academic institutions will focus on innovation, commercialisation and the development of web standards to support the Open Data Agenda.The work will ensure that Open Data research is opened up as a commercial advantage for UK companies, with work and academic centres to train staff in Open Data skills, and to provide expert advice to government.Chief executive of the Technology Strategy Board, Iain Gray, said It is a measure of the priority given by the government to Open Data that it has committed funding at this time to support he Open Data Institute through the Technology Strategy Board, in collaboration with industry and academic institutions.The new Institute will help to demonstrate the commercial value of public data and develop the capability of UK businesses to exploit this value, with support from academic institutions.ODI will provide support to a range of start-up and embryonic companies. micro-businesses and SMEs that show promise for the exploration of Open Data, with businesses selected through an annual open competition.In yesterdays Autumn budget, Chancellor George Osbourne announced that public sector data in travel, health care, weather and house prices will be opened up, with the aim of encouraging investment and innovation. The Institute will also promote the use of more powerful web data standards and technology and help small businesses with the skills to access procurement opportunities, in order to deliver innovative solutions into the public sector.
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Muckle to help businesses in Special Situations
Posted on: 01/12/11
A North East law firm have set up a Special Situations Team to deal with the commercial and legal issues businesses face in the current economic climate.Many of Muckle LLPs clients are SMEs, and the firm decided to set up the team after developing an in-depth understanding of the problems many are facing. The team brings together a wealth of skills and expertise, which helps them respond effectively to a range of unique situations.Andrew Cawkwell believes that this service could be vital to the survival of many businesses, as it helps to identify their precise requirements by working out who is the most appropriate person to assist them.The team work closely with a wide range of trusted partners, including company doctors, turnaround practitioners, cost reduction specialists, insolvency practitioners, and many more who can offer help and advice.
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Northampton receives free legal services clinic
Posted on: 30/11/11
A Northampton pro bono law clinic has been launched by national law firm Shoosmiths, under Access Legal consumer brand.The Northampton and District Citizens Advice Bureau has been established to provide clients with free legal advice from the Access Legal experts.It is the result of joint effort between Access Legal and Northampton and District CAB, the University of Northampton Law School and LawWorks, in recognition of the importance of free legal services.The launch coincided with National Pro Bono week, which highlighted that many people across the UK desperately need legal advice, but cannot afford solicitors fees. Paul Morrison, Partner at Access Legal, said Were delighted to have had the opportunity to be involved with such an excellent cause.The opportunity to work alongside well respected and dedicated groups such as the CAB, the University of Northampton Law School, and LawWorks has been fantastic its given us the chance to use our professional knowledge and expertise for the benefit of those in the community who find it hard to otherwise access legal advice.Some of the legal services provided by Access Legals experts include legal advice on employment disputes, landlord and tenant issues and consumer rights.Chief executive of the Northampton and Distract CAB, Martin Lord, added This is a significant development for us.It ushers in what we hope will be a new era of cooperation with the legal community.
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New letting agency creates jobs in Tyneside
Posted on: 30/11/11
A local lettings agency is bucking the trend, and is opening a fourth office as part of its exciting expansion programme.The newest branch of KIS Lettings is located in South Tyneside, and will now create several new jobs in the area.The business has gone from strength to strength since it opened in 2006, and company director KIS Lettings is now hoping to expand the business further into the North East.Ajay Jagota commented The new branch location places us alongside our competitors and is a strategic move to increase footfall into our offices. Meanwhile, Ill be looking to recruit a further six new members of staff to work in the head office where well manage online and phone enquiries from new and existing clients. Ajay formed the company after identifying a gap in the market for a competitively prices lettings management agency, and now manages properties for around 300 landlords.The Mayor of South Tyneside, councillor Jim Sewell was there to mark the new office, located on Fowler Street, South Shields.He added Were delighted that Mr Jagota has chosen to open a second KIS Lettings office in South Shields and it was a pleasure to be involved in marking the official opening. The Council is committed to supporting local businesses and recognises the contribution they make to the vitality of the local economy. It is great to see a local business go from strength to strength and we look forward to seeing KIS enjoy continuing success here in South Tyneside.
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Line between work and personal life becoming blurred
Posted on: 30/11/11
A high proportion of UK managers think the 9 to 5 working day is old hat, and believe more flexible working should be introduced.The results of a survey, commissioned by Vodafone, revealed that 70 of managers thought the traditional working hours were dying out, and nine out of ten of these bosses allow their staff to work flexibly. 63 said they did not mind staff going about personal business such as calling family members or checking social networking accounts, as long as they got the work done. Technology was shown to be at the centre of this cultural shift, as 62 of respondents suggested smartphones and working from home had caused work and personal life to become blurred.Peter Kelly, enterprise director at Vodafone UK, commented What this research shows is that a cultural shift has started.For many people in the UK, the way we work is changing. Britains bosses are realising that successful businesses must focus on generating results, not on monitoring what employees do at their desks.The trade-off is that nearly two-thirds of managers ask their employees to work outside office hours, at least occasionally.Here, the survey highlighted a difference between the private sector, where 70 of managers request extra hours from staff, and in the public sector 58 do so.Mr Kelly continued A new generation of workers is coming through the ranks. They prefer fitting work around their lives rather than the other way around.People dont mind doing some work in the evening or at the weekend, but in return, they expect bosses to cut them some slack so they can see to personal chores.Seemingly, bosses draw the line at staff doing their weekly shop online, which around two-thirds took exception to.While 59 of managers said they allow employees to work from home, only 15 provide the tools to do so, such as laptops, broadband connectivity and remote access to company systems.The research is thought to reflect the impact of Generation Y, those born after 1982, on management positions.They are generally perceived as being highly connected and technologically savvy, seeking a less rigid working environment.
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SwimNE wins Swim school of the year 2011
Posted on: 30/11/11
SwimNE has scooped up the Gold award for Swim School of the Year at the Kelloggs ASA Swimtastic awards on 5thNovember at Ponds Forge in Sheffield.
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Coca-Cola Enterprises invest £50 in manufacturing
Posted on: 30/11/11
Coca-Cola Enterprises Ltd has announced a £50 million investment programme across three of its UK sites. Investment will go into developing sustainable manufacturing facilities at its Wakefield, Sidcup and East Kilbride sites.The bottling plant at Wakefield already boasts green credentials as it does not send waste to landfill, and has been certified to the new international energy management standard, ISO 50001. £30m of the fund will go towards developing a new automated warehouse at the site, which will increase storage capacity by 102, and allow products to be delivered direct to customers, saving roughly 500,000 road miles per year.Local MP and Shadow Chancellor, Ed Balls, said I believe everyone in our area is proud to have such a globally significant and environmentally sophisticated bottling plant on our doorstep in Morley and Outwood at Wakefield 41. With the economy locally and nationally facing such a difficult time, its really positive news that Coca-Cola are continuing to invest so significantly in our area.At Sidcup, £15m will be used to boost production by 20 million cases of product per year through the introduction of a new canning line, that uses 20 less water and will go towards reducing the sites carbon footprint by 610 tonnes in 2012.In East Kilbride, £5.4m will be invested over a number of projects including packaging machines designed to reduce PET and cardboard usage.The announcements coincide with a two-week BIS campaign, aimed at highlighting the importance of food and drink manufacturing to the UK economy. Business Secretary Vince Cable, said I welcome Coca-Colas new £50 million investment programme in green technology and their ambitions to grow UK production.
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Coca-Cola Enterprises invest £50 million in manufacturing
Posted on: 30/11/11
Coca-Cola Enterprises Ltd has announced a £50 million investment programme across three of its UK sites. Investment will go into developing sustainable manufacturing facilities at its Wakefield, Sidcup and East Kilbride sites.The bottling plant at Wakefield already boasts green credentials as it does not send waste to landfill, and has been certified to the new international energy management standard, ISO 50001. £30m of the fund will go towards developing a new automated warehouse at the site, which will increase storage capacity by 102, and allow products to be delivered direct to customers, saving roughly 500,000 road miles per year.Local MP and Shadow Chancellor, Ed Balls, said I believe everyone in our area is proud to have such a globally significant and environmentally sophisticated bottling plant on our doorstep in Morley and Outwood at Wakefield 41. With the economy locally and nationally facing such a difficult time, its really positive news that Coca-Cola are continuing to invest so significantly in our area.At Sidcup, £15m will be used to boost production by 20 million cases of product per year through the introduction of a new canning line, that uses 20 less water and will go towards reducing the sites carbon footprint by 610 tonnes in 2012.In East Kilbride, £5.4m will be invested over a number of projects including packaging machines designed to reduce PET and cardboard usage.The announcements coincide with a two-week BIS campaign, aimed at highlighting the importance of food and drink manufacturing to the UK economy. Business Secretary Vince Cable, said I welcome Coca-Colas new £50 million investment programme in green technology and their ambitions to grow UK production. Simon Baldry, Managing Director of Coca-Cola Enterprises in GB, said We are committed to manufacturing in this country and are proud that 95 of what we sell is made in Great Britain.The £50m investment is crucial to developing our business in line with our fundamental objective to grow more, while minimising our impact on the environment.
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Olympic excitement brews as Lord Coe visits Newcastle
Posted on: 30/11/11
Lord Seb Coe paid a visit to the region yesterday to attend the North East Forum for the London 2012 Olympic Games.The tickets for Olympic Football were released yesterday, so it was apt that his visit centred around St James Park.As well as visiting the stadium where part of the football tournament will be held, Lord Coe met with members of the 150th project, to award them with the INSPIRE Mark, recognising charitable initiatives inspired by the London 2012 Games.Alongside hosting some of the football, Newcastle has also been named as a stop on the Olympic Torch Route. Preparations are already in place to welcome it into the city, and Councillor Nick Forbes believes that excitement is already brewing on the streets.Speaking at at the event at St James Park he commented Theres a real buzz around the city, you can tell people are already beginning to get excited and I know that next year will be a fantastic year both for Newcastle and the North East.Sebs really impressed with the work were doing in preparation for next years Olympics and it provides us with a great opportunity to put Newcastle and the North East on an international stage.The activities which take place next year will be remembered by people here in the North East for the rest of their lives.He also believes that the opportunity to host football in the region will also provide individuals and businesses in the region with a much-needed morale boost, and is well worth the investment.Our region has been buffeted by the recent economic storms, and this provides us with a great opportunity for us to pull together as a region and have some hope in the future. he continued.The Olympics will be a once in a lifetime opportunity to put Newcastle on an international stage and involve thousands of people in sporting activities.That kind of investment in our future is priceless, and I know that the people of Newcastle will be very understanding of the minor inconveniences of putting on a major event like the Olympics here.
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Osbourne outlines credit for SMEs in Autumn Statement
Posted on: 29/11/11
George Osbourne has announced that growth to the UK economy will be lower, and borrowing higher than forecast in the March Budget.Commending his Autumn Statement to the House of Commons, Mr Osbourne said that OBR expectations of growth are now 0.9 for this year, down from 1.7 originally predicted in March. To combat the sluggish growth, Mr Osbourne proposes to introduce a £40bn national loan guarantee scheme, which will extend credit to SMEs using the Governments low borrowing rates.Firms with a turnover under £50m will be eligible for the scheme, which aims to reduce rates by 1.The regional growth regeneration fund is due to get £1bn in extra funding and small businesses will also be given a rate relief holiday until April 2012.Elsewhere, public sector pay increases will be capped at 1 for the next three years, until 2015, and the rise in the state pension to 67 will be brought forward to 2026, in order to save an estimated £59bn.Some measures such as credit easing, youth employment initiatives and infrastructure investment had been revealed ahead of todays speech. Government borrowing is forecast to be £127bn between 2011-2012, and is expected to fall to £53bn by 2016. Economic growth is expected to reach 3 by 2015.In his speech, Mr Osbourne criticised Labours something for nothing economics and told the house that the UK population was understanding of the difficult conditions faced, particularly given the Eurozone financial crisis.
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Yorkshire Building Society expands with 120 jobs
Posted on: 29/11/11
Yorkshire Building Society has announced it will create more than 120 financial jobs, following a series of successful mergers and acquisitions.The company is looking to recruit for its head office in Bradford, and will employ local workers, as well as drawing national talent to the region.Bosses are also looking to lease new office space in the area to accommodate the expansion.The move follows this months successful merger with Norwich and Peterborough, making it the UKs second largest building society.Corporate development manager for YBS, Andy Caton, said We place high importance on the quality of our customer service and our recruitment of new staff reflects our continuing commitment to this priority.We value our Yorkshire roots and are pleased to be creating more jobs and supporting the local economy. Bradford councillor David Green added that it was tremendous news for the Bradford area, and was a clear demonstration of the promise being shown by the north of England.He said This is great news for Bradford and reflects the continued growth of one of our highest-profile employers.
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Return to common sense health and safety regulations
Posted on: 29/11/11
Small firms are breathing a sigh of relief as the Government has announced it will scrap unnecessary health and safety legislation that is costing time and money.Employment Minister Chris Grayling announced the changes yesterday, the first of which will take place within the next few months, and could help to low the £16.8 billion spent on compliance.The decision follows the publication of the Lofstedt Review, commissioned by Mr Grayling in March to look into health and safety. It recommends against health and safety laws for around a million self-employed people, whose work activity poses no potential risk to others.The Forum for Private Business has welcomed the move, and senior policy adviser, Alex Jackman said the results of the the Lofstedt review did not disappoint. He said There are recommendations that will see a tangible difference to the shop floor, but also a wider acknowledgement for the needs of health and safety to be a shared burden with staff as well as employers.The Forum of Private Business has long been calling for such a shared responsibility and welcomes this first step in a national debate. Civil action against businesses is a huge issue for our members, and many over compensate where health and safety is concerned.Not only does this unduly raise the cost of compliance, disproportionately so for the smallest businesses, but it also raises expectations of employees should personal injury unfortunately befall them.He went on to say that the report identifies the need to engage with Europe on health and safety issues.In previous research, the FPB found that small firms were increasingly spending extra time and money on complying with employment legislation.Mr Jackman added Complying with health and safety regulations has become a serious burden and a major barrier to growth.That this Government is finally taking action to streamline and improve the system is brilliant news for SMEs who have for too long been drowning under a sea of needless rules and regulations that were ineffectual and over bureaucratic.Common sense should be at the heart of all health and safety legislation and today appears to herald the beginning of the end for pointless red tape. This should save employers money and make for a fairer, fit-for-purpose system with an emphasis on personal responsibility.
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Return to common sense health and safety regulations
Posted on: 29/11/11
Small firms are breathing a sigh of relief as the Government has announced it will scrap unnecessary health and safety legislation that is costing time and money.Employment Minister Chris Grayling announced the changes yesterday, the first of which will take place within the next few months, and could help to low the £16.8 billion spent on compliance.The decision follows the publication of the Lofstedt Review, commissioned by Mr Grayling in March to look into health and safety. It recommends against health and safety laws for around a million self-employed people, whose work activity poses no potential risk to others.The Forum for Private Business has welcomed the move, and senior policy adviser, Alex Jackman said the results of the the Lofstedt review did not disappoint. He said There are recommendations that will see a tangible difference to the shop floor, but also a wider acknowledgement for the needs of health and safety to be a shared burden with staff as well as employers.The Forum of Private Business has long been calling for such a shared responsibility and welcomes this first step in a national debate. Civil action against businesses is a huge issue for our members, and many over compensate where health and safety is concerned.Not only does this unduly raise the cost of compliance, disproportionately so for the smallest businesses, but it also raises expectations of employees should personal injury unfortunately befall them.He went on to say that the report identifies the need to engage with Europe on health and safety issues.In previous research, the FPB found that small firms were increasingly spending extra time and money on complying with employment legislation.Mr Jackman added Complying with health and safety regulations has become a serious burden and a major barrier to growth.That this Government is finally taking action to streamline and improve the system is brilliant news for SMEs who have for too long been drowning under a sea of needless rules and regulations that were ineffectual and over bureaucratic.Common sense should be at the heart of all health and safety legislation and today appears to herald the beginning of the end for pointless red tape. This should save employers money and make for a fairer, fit-for-purpose system with an emphasis on personal responsibility.
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Prepare for Public Sector strikes, says expert
Posted on: 29/11/11
Tomorrow will see the UK facing one of the biggest public sector strikes in several decades, as 2 million public sector employees walk out over cuts to pensions packages.As well as causing mass disruptions to public transport, aviation and local public services, the strike will also hit businesses in the region - especially those who have failed to adequately prepare for the disruptions.Neil Stephenson, chief executive officer of the Onyx Group is now calling on other companies in the region to ensure they have a contingency plan in place to ensure that business can run as smoothly as possible.Directors have a duty of care to their employees to ensure they can come to their place of work easily and safely, and if not they should have an effective plan to facilitate home working.Equally businesses which require office space and equipment such as call centres should consider relocating to a central location.As schools across the UK will also be closed on Wednesday, the Prime Minister has suggested that businesspeople take their children to work. While this might seem like a good idea, this could place an onerous burden on business owners.This would be great in theory, but in practice would come with a legal burden on employers, he continued. They have an obligation to ensure their workers are in a safe environment, and by introducing children into the workplace, this could bring a whole host of issues to the fore.Many businesses will not have made plans for the strikes, and while Neil accepts that the action will be an enormous nuisance for many businesses, there is no excuse for lack of preparation.This is the last thing that businesses want in the current economic climate, and could have serious knock on effects, he concluded. But businesses must consider how they can ensure availability of products to their customers, and the repercussions of not doing so.Every business should have a contingency plan, whether it be for strikes, snow, ash clouds or the Olympics next year - they much consider everything.
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NBSLs business support programmes filling the gap
Posted on: 29/11/11
Following the implementation of radical changes in the business support arena with the Governments closure of the Business Link regional centres, people could be forgiven for thinking that there is no longer any face to face support for new and growing businesses.
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Events and the economy
Posted on: 29/11/11
I have just driven to an event in York. The news on the car radio was dominated by talk of new predictions of a double dip recession for the UK. Tremendous
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Bdaily visits The NewBridge Project and Response
Posted on: 28/11/11
On Friday night I attended two exhibitions held by The NewBridge Project in Newcastle City Centre. When the project began in 2010, it set out to provide affordable studio and exhibition space for local artists, as well as filling the increasingly numerous empty business premises available in the city.Each Artist can rent their own space for just £15 a week as the result of a legislative loop-hole that requires landlords to pay only 20 of usual business rates if they are letting to a charity, providing the property has been empty for three months or more.The NewBridge project was the first venture of the PopUp Initiative, formed in 2010 by Newcastle University graduates, Will Marshall and Will Strong, and soon after won Best Arts and Business Partnership Award at the Culture Awards 2010. The project provides up and coming artists with affordable workshops and exhibition opportunities and allows strong creative networks to be built between local, national and international artists. The ground floor public gallery, Space, provides a permanent platform from which artists are able to curate, exhibit and explore new ways of working.My first exhibition of the night was Response A RuralUrban conversation. The old New Look retail outlet turned art gallery is located near the entrance of Eldon Square, and enticed a good number of devoted art lovers and intrigued late night shoppers. The space itself, once full of rushed shoppers and fast fashion was transformed into a beautifully light, open and inviting arena which almost felt like it was breathing for the first time. The subject of the exhibition was more than fitting and the work explored the temporal nature of space by a collective of rural and city based artists. The work was well presented and engaging, with a mixture of video installation, photography and sculpture bringing together the work of Visual Arts in Rural Communities VARC artist in residence Jenny Purret and five artists from the New Bridge Project collaboratively. The Eldon Square exhibition was the second part of a two part exhibition in which these artists were immersed in the rural setting of Highgreen in the heart of Northumberland National Park, spending three days exploring the relationship between contrasting urban and rural environments. The work was presented firstly at Highgreen before then being dismantled and remade for presentation in Newcastle.As the name suggests, Response presents work which forces us to question not only the ways in which we engage with our environment but it also consider the idea of how we subconsciously assume the permanence of what we are used to. This very idea made me think of the businesses and brands that surround our everyday lives and how much, whether knowingly or not, we rely on their permanence. When things start to change we become restless and lack trust in the things we have always assumed would just be there. It seems like quite a romantic notion to think that the creative amongst us should rescue these empty and neglected spaces and fill them with ideas and purpose, as if disguising the holes of an ugly recession.The second exhibition of the night Construction Under was based at the NewBridge headquarters and was an entirely different affair dark, noisy and interactive. Things just seemed to happen around you as the artists went about their work in half-oblivious recognition of the increasing crowds, all of which added to the construction of a mysterious and dramatic performance that seemed to have no clear transition between acts. The exhibition, curated by NewBridge studio holder Arnaud Moinet was a real treat for the senses, using a broad range of media to continually rearrange the studio space. I felt like I was part of a story with no beginning or end, but it was fascinating.The Art Scene in Newcastle is a growing one, passionately marching to the beat of its own drum in a very cool and underground way - part of me wants to keep it a secret for myself but then that would be too selfish. In my opinion filling empty shops with the art work of passionate individuals brings life to the high street, is a great way to use them.
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Gardening services firm sprouts franchise growth
Posted on: 28/11/11
A North East gardening services firm has successfully flourished and attracted its first franchisee after building a solid tried-and-tested business model.
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Manchester campaigns to host Green Investment Bank
Posted on: 28/11/11
A key promoter of Manchesters economy, pro.manchester is working to bring the Governments Green Investment Bank to the city.John Ashcroft, chief executive of pro.manchester is leading the bid for the new banking initiative that aims to stimulate the development of green infrastructure.To be launched in April, the bank will use £3 billion of public funding to support and develop low-carbon infrastructure projects, which the Government hopes will lead the transition to a green economy.Mr Ashcroft hopes Manchesters strong professional services sector will give the city the edge when it comes to securing the institution.He said What we know is that Manchester has the largest financial and professional community outside of London, which employs 250,000 people and is set to grow by 30 over the next decade.Secondly, there are more than 100,00 students at our universities, meaning we have a large talent pool and thirdly, we are a cost effective location. London, Leeds, Liverpool, Edinburgh and Bristol are all keen to secure the bank, which promises to prompt financial recruitment.The banks start-up capital will match £15 billion of private sector funding over the next four years, after which it will borrow funds from private money markets and begin to upscale its activity.An advisory group will provide strategic direction for the bank, chaired by Sir Adrian Montague, non-executive chairman of investors 3i, Anglian Water Group Ltd, CellMark Investments AB, and non-executive director of Skanksa AB.
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Manchester campaigns to host Green Investment Bank
Posted on: 28/11/11
A key promoter of Manchesters economy, pro.manchester is working to bring the Governments Green Investment Bank to the city.John Ashcroft, chief executive of pro.manchester is leading the bid for the new banking initiative that aims to stimulate the development of green infrastructure.To be launched in April, the bank will use £3 billion of public funding to support and develop low-carbon infrastructure projects, which the Government hopes will lead the transition to a green economy.Mr Ashcroft hopes Manchesters strong professional services sector will give the city the edge when it comes to securing the institution.He said What we know is that Manchester has the largest financial and professional community outside of London, which employs 250,000 people and is set to grow by 30 over the next decade.Secondly, there are more than 100,00 students at our universities, meaning we have a large talent pool and thirdly, we are a cost effective location. London, Leeds, Liverpool, Edinburgh and Bristol are all keen to secure the bank, which promises to prompt financial recruitment.The banks start-up capital will match £15 billion of private sector funding over the next four years, after which it will borrow funds from private money markets and begin to upscale its activity.An advisory group will provide strategic direction for the bank, chaired by Sir Adrian Montague, non-executive chairman of investors 3i, Anglian Water Group Ltd, CellMark Investments AB, and non-executive director of Skanksa AB.
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Students experience virtual reality retail
Posted on: 28/11/11
The next generation of retail professionals are building their merchandising skills in virtual reality, thanks to an innovative software developer.vrSoftware has donated £10m for the education of retail students with its vrMockshop - a 3D, interactive shop model which is used by the likes of Nike, Calvin Klein and Hugo Boss.The software allows students and retailers to create and merchandise a store with hanging and folding merchandise, mannequins, POS materials and posters. Over 250 educational establishments across the world have been offered the product, and in the UK it has provided support to the likes of the National Skills Academy Retail, The Fashion Retail Academy and Hugh Baird College in Liverpool.Colin Liversedge, CEO and founder of vrSoftware, said Im a believer in supporting apprenticeship programs and the benefit it reaps in terms of career development.Our solutions are already used on a global basis by some of the worlds leading fashion brands, and for me it is a privilege to be in a position to be able to give something back to the retail industry.If I can better help prepare these students and apprentices for their future careers and equip them with specific skills which is demanded by the industry then hopefully it will lead to an even more enjoyable workforce.The software is being used in apprenticeship programmes, pioneered by the National Skills Academy through its SkillSmart centres.Jane Rexworthy, head of National Skills Academy for Retail, said We are delighted to have developed a partnership with vrSoftware and their vrMockshop software.The offer of free software through the National Skills Academy for Retails network of retail skills shops, worth around £500,000 now, is of course financially supportive but the software gives our learners a genuine cutting edge when they go out into the job market and the vital retail arena.Plus, we can meet our targets for other skills within the software, as it covers functional skills for all learners. Its refreshing to deal with such a supportive UK company.
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Win the Northern Sinfonias Christmas CD
Posted on: 28/11/11
The Sage Gatesheads popular annual Christmas concert with Northern Sinfonia has been released on CD just in time for the festive season and Bdaily has a copy to give away to one lucky reader.
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Panama trade mission opens Latin American opportunities
Posted on: 28/11/11
A UK trade mission to Panama will be the first of its kind launched by travel and conference management specialists CT Group Travel.The Kent based firm, in partnership with European Atlantic Trade and Investment Missions will lead delegates to the Central American country in March, with full support of the the British Embassy, UKTI in Panama, and the Embassy of Panama in the UK.Panamas economy has boomed in recent years with an average growth rate of 8, which has largely been fueled by the expansion of the Panama Canal and extensive infrastructure projects.As the logistics hub and global financial centre for the Latin American region, Panama has attracted significant foreign investment, and the UK is the second largest investor in the country.Business opportunities in the country include marine services, financial services, procurement related to the Panama Canal, provision of concessionary services to the ports, and logistics, education and training, among others.A recent London conference called Panama Invest 2011 provided investors and decision makers from the main capitals of the world with information regarding business opportunities in Panama.Attending the event was CT Group Travels, missions manager, Lyndsay Snowden, who said The high numbers of delegates attending this event was a pleasant surprise, there were far more attendees than other similar events Ive been to in the past.This confirmed just how much opportunity and interest there currently is in Panama and were confident our mission should attract a good number of participants.
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Executive pay increases unsustainable, say IoD
Posted on: 28/11/11
The Institute of Directors IoD is calling on the government to address the issue of executive remuneration, which they believe is increasing at an unsustainable rate.The Department for Business has carried out a consultation into the rapid increases in executive pay over the last 10-15 years, a practice which Simon Walker, director general of the IoD has noted with great concern.He commented We are aware of the difficult challenges faced by remuneration committees over the last 10-15 years, but the current rate of executive pay is unsustainable.The legitimacy of UK business in the eyes of wider society is significantly damaged by pay packages that are not clearly linked to company performance.As well as calling for reconsideration of pay packets, the IoD made several other proposals, including the introduction of binding shareholder votes on executive remuneration, as well as employee representatives volunteering to be part of the remuneration setting process.He also refreshed demands for more diversity in the boardroom, to encourage objective scepticism.Mr Walker continued A higher level of professional diversity amongst independent non-executive directors will assist boards in aligning executive pay with societys expectations. Shareholders should also play a more active oversight role.Remuneration committees should explore ways of engaging with employees on remuneration policy. This will be important in increasing the legitimacy of executive remuneration in the eyes of wider society.
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Malcolm Gallagher Planning for growth now is vital
Posted on: 28/11/11
Businesses in the North-East may lose out as the economy recovers through the lack of a growth strategy claims a leading business coach.
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Welcome to the Business IP Centre, Newcastle
Posted on: 25/11/11
Newcastle City Councils Library Service, Northumbria University, Newcastle University and the British Library are working together to develop a new service to businesses and entrepreneurs. The Newcastle Business IP Centre is planned for launch in 2012 and will become the first centre outside London to help businesses grow by providing them with the information, skills and resources crucial to success.
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Pub reforms prompt mixed response
Posted on: 25/11/11
Government reforms aimed at boosting regional brewing have caused a wave of controversy within the industry.The Department of Business, Innovation and Skills has revealed it will protect the tied-tenancy agreement, despite the findings of the Business Select Committee that was critical of the pub industry, and suggested self-regulation had failed.Campaigners had called to tackle the issue of tied pubs, where licensees are obligated to buy their beer from large pub companies.Phil McCabe, senior policy adviser for the Forum of Private Business, said The pubco business model does not work and relies on squeezing small landlords until they have nothing left.This is clearly a case of indulging market failure at the expense of thousands of small businesses - significantly more tied pubs are closing compared to free-of-tie pubs, many of which are actually opening their doors.Given the industrys disastrous history of self-policing, it is utter madness to again trust that pubcos will manage themselves properly. The sentiments were echoed by CAMRA chief executive, Mike Benner, who said The Government has been cavalier in rejecting the recommendations of the Business Select Committee and instead putting its faith in the ability of the very companies accused of malpractice to finally put their house in order.The lack of any formal public consultation on this package of measures is truly remarkable and suggests a failure of Government to listen to all interested parties including the consumer.We are pleased the Government has recognised the serious problems of unfair practice in the relationship between the large pub companies and lessees, but deeply disappointed that they are proposing only a weak package of reforms.Meanwhile, many breweries have welcomed the news, suggesting it will protect jobs of local people and suppliers, as well as consumer choice.Paul Wells, chief executive of Bedford based brewer, Charles Wells Ltd, applauded the decision as a boost in confidence for family brewers and their tenants, and remarked that the brewery tie is vital for the regional industry.He said As a family owned company, we take a long view of investment into our pub buildings and, within the traditional brewery tenancy agreement, we take the costs of looking after and improving the buildings we own.This is a centuries old business model and allows a strong partnership between licensee and brewer, sharing the ups and downs of trading the pub.
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Asian businessman honoured twice in one week
Posted on: 25/11/11
Indian businessman Dr Rahul Nanda is celebrating after picking up two prestigious awards in the same week.Dr Nanda, chairman of TOPSGRUP, Indias largest security company, was named Entrepreneur Of The Year at the GG2 Leadership Awards on Wednesday night and also took home the International Business Award at Monday nights Asian Whos Who event.Speaking after Mondays event at Londons Dorchester Hotel, Dr Nanda said I would like to thank Asian Whos Who and the panel of judges for this truly humbling accolade. In addition, I would like to thank our 93,000 employees, 8,000 customers, my family and friends for believing in me and my global vision to make TOPSGRUP one of the largest and most reputed security companies in the world. It is the Asian community in which I have always been a part of that has instilled in me a value system that advocates helping others, doing good and showing gratitude every day. I am so proud of my Asian heritage, to which I attribute the success of TOPSGRUP today and to be recognised by Asian Whos Who in this way makes me truly proud.TOPSGRUP had started out as struggling company, with revenues of just £30,000 pa, and 8 customers on the books.Under Dr Nandas vision, the company grew into Indias largest security group, and a multi-national company following the acquisition of UK security outfit The Shield Guarding Company Limited.
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Businesses asked for their views on energy regulation
Posted on: 25/11/11
Today the Government opens its Energy Red Tape Challenge initiative, encouraging businesses to supply their views on energy legislation. Businesses are being asked to share their views on whether current regulations are creating administrative burdens, and what could be done to implement more effective policy.The initiative covers roughly 300 regulations which relate to all aspect of UK energy, from extraction and generation, to safety, supply and consumption. Energy firm npower have already sought the views of almost 100 major energy users as part of its own Red Tape Challenge - Have Your Say campaign, which was designed to provide businesses with a less time-consuming way to air their views on the UK energy market. Their research asked businesses about energy legislation they would keep, simplify or scrap. Results show that 51 of respondents thought the Carbon Reduction Commitment Energy Efficiency Scheme should be scrapped, and 43 thought Renewables Obligation and Feed-in-Tariffs should be simplified. Wayne Mitchell, interim industrial and commercial markets director at npower, said We welcome the Governments commitment on reducing the legislative burden of regulation on British businesses, both through this initiative and the promise of added support to help energy intensive businesses in the chancellors autumn statement later this month.Our consultation with major energy users shows very clearly that businesses want simplification on certain energy policy, not only to help them manage their own obligations, but to also help the UK meet its carbon reduction targets and help raise the investment needed for low carbon generation. Its important that todays event is a welcome opportunity to feedback these views to Government and start the conversation about how we work to alleviate businesses concerns.Many energy users in the study suggested that current UK energy regulations will not raise the investment needed to ensure the countrys low carbon future. Part of the research involved consulting with major energy users on the Governments Electricity Market Reform EMR White Paper package. Wayne continued Our research has found that businesses are worried about the EMR and frustrated due to the levels of uncertainty around it. Businesses need clarification on the future energy policy to help ensure certainty around future investment decisions.Some businesses we spoke to also voiced concern that if companies dont have to be in the UK, then in the future they may seriously consider moving their operations to more regulation-light climes, if they havent already. This is a scenario no one wants to reach and hopefully one that can be avoided through greater communication between government and businesses on energy legislation businesses want to be heard.
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Tees Valley housing scheme recieves £6.2 million improvement grant
Posted on: 25/11/11
Tees Valley has received a grant of £6.2 million to restart improvements of properties across the area, originally earmarked for development under the Housing Market Renewal programme.The grant will be match funded by local authorities, and will now enable the relocation of tenants in 133 households in Hartlepool, Middlesbrough, Stockton and South Bank. A total of 536 properties will be levelled, and the area will be adapted to provide spaces the community can benefit from.With the help of Tees Valley Unlimited, the borough councils submitted their bid to the department of Communities and Local Government, and thy will now share a pot of £35.5 million with Merseyside, East Lancashire, North Staffordshire and Hull.TVU board member and chief executive of Fabrick Housing Group, Alison Thain welcomed the developments.She commented Todays announcement ends the uncertainty for scores of residents across Tees Valley. They will be relocated to better quality homes within a healthier environment and several pockets of dereliction will be given a new lease of life.The funding will have a positive impact on local neighbourhoods by creating strong communities and on the local economy by removing apparent barriers to private sector investment.The Councils have now started to engage with residents, who will be moved into new homes in the New Year.
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Local manufacturer celebrates expansion
Posted on: 25/11/11
A local manufacturing plant has successfully expanded into new premises, thanks to backing from Yorkshire Bank.Walker Filtration have moved into a new 12,000 sq m premises in Washington to help accommodate its ambitions for growth. The family run firm was set up almost 30 year ago, and A local manufacturing plant has successfully expanded into new premises, thanks to backing from Yorkshire Bank.Walker Filtration have moved into a new 12,000 sq m premises in Washington to help accommodate its ambitions for growth. The family run firm was set up almost 30 year ago, and specialises in filtration equipment for compressed air, gas, vacuum pump and medical applications.The business currently exports 88 of its products to Europe and the US, and now hopes to improve its production facility through the expansion.They also plan to upgrade their design and development facilities, better integrate their supply chain, and improve their stock facility.Lianne Walker MBE, director and group general manager, who took over day-to-dayrunning of the business from her father in 2005, says We are delighted to have completed our relocation which represents a significant investment and re-enforces our commitment to sustain technical excellence, exceptional product quality and outstanding service as we continue to grow.We are pleased that Yorkshire Banks Newcastle Financial Solutions Centre recognisedthe strength and potential of our business and had no hesitation in supporting us at atime when bank funding is still generally hard to come by.The company have already expanded its North East workforce by 30 to 198 in the last 3 years.Simon Lenney, managing partner at Yorkshire Banks Newcastle FSC says Yorkshire Bank is committed to increasing its market share of business, and has the money available to support enterprises with the right proposition. We are delighted to have helped Walker Filtration, a world-class manufacturer, with its re-location through our Investing for Growth initiative.in filtration equipment for compressed air, gas, vacuum pump and medical applications.The business currently exports 88 of its products to Europe and the US, and now hopes to improve its production facility through the expansion.They also plan to upgrade their design and development facilities, better integrate their supply chain, and improve their stock facility.Lianne Walker MBE, director and group general manager, who took over day-to-dayrunning of the business from her father in 2005, says We are delighted to have completed our relocation which represents a significant investment and re-enforces our commitment to sustain technical excellence, exceptional product quality and outstanding service as we continue to grow.We are pleased that Yorkshire Banks Newcastle Financial Solutions Centre recognisedthe strength and potential of our business and had no hesitation in supporting us at atime when bank funding is still generally hard to come by.The company have already expanded its North East workforce by 30 to 198 in the last 3 years.Simon Lenney, managing partner at Yorkshire Banks Newcastle FSC says Yorkshire Bank is committed to increasing its market share of business, and has the money available to support enterprises with the right proposition. We are delighted to have helped Walker Filtration, a world-class manufacturer, with its re-location through our Investing for Growth initiative.
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The 3 basics of business growth
Posted on: 25/11/11
No matter how you look at it, there are just three basic ways to grow your business writes business coach, Malcolm Gallagher.
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Toyota boost UK manufacturing with 1,500 jobs
Posted on: 24/11/11
Car manufacturer Toyota has revealed £100 million of investment, and 1,500 jobs to go with it at its Derbyshire operation.A new generation of C-segment hatchback models will be built at the the firms Burnaston plant as part of its European production strategy.Didier Leroy, Toyota Motor Europe President and CEO, said Toyota has a long and successful record of building vehicles and engines in the UK and our facilities here are among the finest in the world in terms of efficiency and environmental performance.The investment we are making will secure a dynamic future for TMUK as a leading manufacturing centre for our core models in Europe. It also supports our commitment to delivering superior quality vehicles and contributes to Toyotas sustainable growth in Europe.We are not only making a significant investment in our own operations and workforce here, but also sustaining our supplier network in the UK. We know that together we can build vehicles that deliver the highest standards of quality, reliability and environmental efficiency.The news comes on a bumper day for the regions economy, as Nestl also announced a hrefhttpbdaily.co.uknewsfood-and-drink24-11-2011nestl-create-300-new-jobs300 new jobsa.David Cameron welcomed the news as a massive vote of confidence for UK manufacturing.He said This investment and the jobs it will create provide a terrific boost not just to the local economy but to the whole country, and is a tribute to the great skill, hard work and sheer professionalism shown by the Toyota workforce. Toyotas commitment to the UK shows the growing strength of the UK car industry - it is our great British success story.It is vital that we build a more balanced economy, one with manufacturing, innovation and exports at its heart. The automotive sector is leading the way in helping us achieve this - it is an extraordinary success story and one that we are very proud of.Production at Burnaston will take Toyotas total investment in its UK manufacturing business to more than £2.1 billion. The site is one of the firms special sustainable plants which focuses on setting industry standards in cleaner, low carbon production and the harnessing of sustainable energy sources.
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Nestl create 300 new jobs
Posted on: 24/11/11
Nestl has announced it will bring 300 new jobs to Staffordshire, following £110 million of investment in its coffee production. The company plans to expand its Nescaf Dolce Gusto factory in Tutbury, Derbyshire, and will increase its workfore to 800 by 2013.It follows a wave of Nestl investment in the UK, including £200 million to transform its confectionery production in York £40 million to create a European centre of excellence for Nescaf Cappuccino in Cumbria, and £35 million to create a new water bottling factory in Buxton.Paul Grimwood, chairman and chief executive officer of Nestl UK and Ireland revealed the plans at an event in Tutbury.He said We are creating our next generation of world class competitive manufacturing facilities.We need to continue to innovate to remain ahead of the market and are committed to the ongoing modernisation of our UK manufacturing capabilities.The Prime Minister welcomed the news, adding This new investment by Nestl and the jobs it will create is brilliant news for UK manufacturing and for the local community.This demonstrates what can be achieved by investing in capacity and people as Nestl has done consistently over recent years.The jobs created by this new investment will benefit both skilled workers and those leaving school who will be able to train in the workplace to become the skilled workers of the future. The investment will equip the factory with 12 new high speed production lines to triple its output of its coffee capsule product, 90 of which will be exported to 38 countries around the world. Around 300 of the new employees at the Tutbury site will form part of the first intake of the Nestl Academy which will offer young people apprenticeships, graduate programmes and on-the-job training.Tutbury was Nestls first UK manufacturing site, and since opening in 1901, it has produced condensed milk and Nescaf coffee.
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Bdaily goes behind the business with P2i
Posted on: 24/11/11
Could you tell us a bit about P2i
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Asbestos management firm grow with investment
Posted on: 24/11/11
North East asbestos management firm Nichol Associates has secured a £70,000 investment to help fuel its ambitious expansion plans.The funding has come from the Finance For Business North East Growth Fund, and has been used to buy new equipment ahead of bidding for larger and longer contracts with bigger organisaitons.As a result, the company expects to reach over a million pounds turnover next year, and will aim to add at least eight more staff to its workforce of 22. Experienced asbestos manager Dave Nichol founded the company in 2006, which services a wide client base from multi-national organisations and city councils through to individuals from health and safety professions with a particular training need. Dave said When we set up the company, we knew that the increased responsibilities that building owners faced around managing asbestos-related issues presented a clear commercial opportunity, and capitalising on this has helped us build a company that is already recognised as a leading name in its sector.We knew that there were bigger contracts out there that we could bid for if we enhanced the resources available to us, so looked at the different options for bringing in the investment that we needed to make this happen.The NEL team didnt treat us like just another set of figures they developed a really strong grasp of our business and how it would benefit from a capital injection, and worked closely with us through the thorough investment application process. Simon Johnson, senior investment executive at NEL Fund Managers, added Offering proven expertise within an expanding niche market presents a powerful commercial opportunity, and this latest Growth Fund investment will enhance Nichol Associates capacity to build on very solid foundations and achieve even better results. Interest in the Growth Fund continues to be very strong from firms right across the north east, proving that the difficult economic climate is doing little to diminish the commercial ambitions of businesses in our region. Now Nichol Associates hope that bringing contracts into the North East will also bring jobs, and aim to build on their service offerings.
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Beginners guide to investments an introduction
Posted on: 24/11/11
Over the next few months and exclusively to Bdaily, well provide a Beginners Guide to Investments. The monthly features will cover various topics from asset class types to portfolio strategies, the economy and the factors that affect your investments.
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Peoplefund.it raises £40k in 6 days for start-up
Posted on: 23/11/11
The Bicycle Academy is tipped to be fastest crowd-funded enterprise in UK, thanks to a new website developed by Hugh Fearnley Whittingstalls team.
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No win no fee reforms are not enough
Posted on: 23/11/11
A local insurance broker is calling on the government to do more to reform the no win no fee legal system.Despite expressing plans to ban lawyers from buying data on drivers involved, the director of Henderson Insurance Jonathan Willett believes that this will not completely prevent soaring motor insurance costs.referral fee payments are routinely made to secure drivers details from insurance companies and claims management firms, and allow lawyers to contact drivers to encourage no win no fee claims. this then allows solicitors to claim their feels back from the defendant or the insurer.the industry is worth around £3 billion annually, and in most cases are paid by insurance policies but often results in higher premiums for policy holders.Even if this practice becomes illegal, Mr Willet believes that the culture is so ingrained in society that it will continue to impact on premiums.he commented No-one would want to prevent people who have a genuine case from making a claim. However, the no win no fee system encourages people who have been involved in a minor accident or incident to take a punt at trying to win some compensation.The losers under this system are all those, including companies, when it comes to motor insurance policies as the premiums are higher as a result.
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Is your business suffering from Gloom Fatigue
Posted on: 23/11/11
Hundreds of business owners and managers are being struck down by a new illness that is leaving them both exhausted and exasperated writes business coach, Malcolm Gallagher. Im not certain of the correct medical term for it but Im calling it Gloom Fatigue quite simply they are fed up of listening to politicians, economists, whoever telling them how bad the economy is going to be and how long it is going to last.
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Wayne Richardson shares his journey at Revolution Power
Posted on: 22/11/11
What key challenges has your company recently faced
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Wireless specialists branch out the North West
Posted on: 22/11/11
Wireless network specialists, KBR have spotted an opportunity to expand their market share, by expanding into the North West.The move follows a successful project for Northumberland County Council, which connected local authority offices via a cost effective resilient wireless mesh.After working with other local authorities in the North East, KBR now believe the cost savings this solution achieved, could benefit councils across the country.Michael Wilkinson, sales director at KBR, said We identified an opportunity in the North West after completing the Northumberland deployment, which proved to be very beneficial for the region as it resulted in the council achieving hundreds of thousands of pounds in cost reductions.We realised that there were many councils throughout the UK that could benefit from savings by replacing expensive leased lines with our more cost effective and more resilient wireless network solutions, and we look forward to working with these local authorities.Our location in the North West is ideally placed to expand the business further. The companys new Chester office will be handled by new appointment Paul Bright, who will act as new business sales executive.He said I am thrilled to have been chosen to head up KBRs operation in the North West and I am confident that there is a significant gap that we can fill in the market here.Cash-strapped local authorities are all facing the same issues in the current economic climate, with KBRs previous successes in driving down costs and expertise in delivering connectivity through wireless mesh networks I believe that we have a valuable service to offer the public sector.
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How will Apple manage change without Jobs
Posted on: 22/11/11
Sara Ridley, Business Technology Consultant at Waterstons advises on how Apple will survive moving forward
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£500,000 investment boost for local EV innovator
Posted on: 22/11/11
A local business producing a unique scheduling system has secured an investment of £500,000 from the Finance for Business North East Technology Fund towards its ambitious expansion plans.
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Best gift to small business owners this season
Posted on: 22/11/11
You spend your days trying to do the most good for your company, and you expect everyone involved in your business to do the same. Sometimes it can be difficult to find suppliers who contribute to your businesss stated mission with good service and quality products.
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Tipster Taking the stress off GPs
Posted on: 22/11/11
The Tipster was surfing the web early Saturday morning and came across an interesting report following a review commissioned by the government. It links in with some advice given in the past regarding stress and depression and long term sickness.
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Graham Soult on Poundland the new Woolies
Posted on: 22/11/11
Growing numbers of shoppers are becoming seduced by Poundlands offer of drinks, dog food and de-icer all priced at exactly £1 but what are the factors driving this retailers phenomenal rise
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Stay sensible with your food choices
Posted on: 21/11/11
With rising food prices, it can be difficult to be economical and ethical with our food habits.
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Tait Walker and Short Richardson Forth Fraud
Posted on: 21/11/11
Falling victim to a fraud can have a major impact on any business, particularly when assets have been stolen. However, in many cases it is possible to recover those assets.
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Healthcare business support body responds to challenges
Posted on: 21/11/11
The South East Health Technologies Alliance has been forced to adopt a new business model in the wake of mounting pressures on the UK health sector. Catering towards innovative start-ups in the healthcare sector, SEHTA has set up a new commercial arm called SEHTA Enterprises, in order to continue support for businesses.CEO of SEHTA, Dr David Parry, said Times have changed and the publicly-funded business support sector is under extreme pressure on several fronts.The NHS, as we all know, faces severe financial constraints, yet at the same time demand for the improved care of patients has never been higher.It is extremely important for innovative UK businesses in the healthcare sector to continue to receive support so they can develop, build and deliver products and services to make healthcare delivery more efficient and cost-effective.These companies need help that is both independent and impartial, which is what SEHTA provides to its members. Until recently, the organisation was partly funded by the South East England Development Agency SEEDA, that will be closed in March 2012 to make way for LEPs.Dr Parry continued The funding provided by SEEDA has been important to us, but it hasnt been the only form of income to support SEHTA and our members.We continue to manage several other public and private sector contracts and are bidding for several more, both in the UK and EU.We are also developing strategic partnerships with organisations similar to ourselves, those who will providing support and services to SMEs, universities and the health sector. Since its establishment in 2005, SEHTA has developed a strong record in business support, networking and developing projects in response to healthcare sector needs.The organisation supported over £1 million of market-led collaborative projects in the creation of the International Centre of Excellence in Telecare.This year, SEHTA managed a successful innovation voucher project in Europe, which introduced around 50 companies to universities to access expertise and equipment. Dr Parry also spoke about the need for industry to provide innovative cost-effective solutions to NHS challenges.He said We have been responsible for working with our Strategic Health Authorities, now the Southern Cluster, to bring SBRI projects for SMEs to our local companies.These contracts from the SHA are designed to help industry solve NHS problems.
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National Trust puts public in charge of farm
Posted on: 21/11/11
The National Trust has revealed the results of its innovative experiment which put over 10,000 members of the public in charge of a working 1,200 acre farm. MyFarm was an online experiment allowing people to vote on decisions to be taken at the Wimpole Estate farm near Royston in Cambridgeshire.The project aimed to educate people in farming, and where their food comes from, while maintaining a profitable farm that adhered to the highest standard of sustainability and welfare.According to the National Trust, it was intended to lift the lid on the realities of 21st Century farming.Results showed that many were misinformed on seasonal produce, although the project appeared to be instrumental in educating people.93 of respondents in the wider MyFarm community showed they did not know the best time of year to enjoy eating British lamb, as only 7 of respondents correctly identified autumn as the right time to serve lamb.Of the participants in the scheme, 19 knew the best time of year to enjoy lamb, which suggests the project was making useful progress.Richard Morris, the National Trusts Farm Manager at Wimpole, said Eating lamb when its in season ensures consumers can enjoy the meat at its best.Lambs born in spring feed outside on grass throughout the summer resulting in really flavoursome and tender meat.The lamb we see on our supermarket shelves in the spring is either shipped in from abroad, or has been barn-reared out of season without the benefit of maturing and developing naturally on grass.The results also revealed that only 40 of Britons buy British lamb, whereas 21 buy New Zealand lamb, and 16 indiscriminately seeking whatever is on the supermarket shelves.Mr Morris added The National Trust is the countrys biggest farmer, more than 80 of the 250,000 hectares of land under our care is farmed in some way and we see it as our role to re-connect people with farming and to encourage them to care more about where their food comes from.
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Pharmaceutical companies lower walls of secrecy
Posted on: 21/11/11
The pharmaceutical industry is facing a challenging period in which the rising cost of bringing a product to market, and poor revenue forecasts are impacting RD returns.According to Deloittes 2011 annual review, Measuring the Return from Innovation, conducted in collaboraiton with Thomson Reuters, the RD Internal Rate of Return drops year-on-year from 11.8 to 8.4.Julian Remnant, head of Deloittes European RD advisory practice, comments While this picture reflects a snapshot of the very real productivity challenges the industry is facing, it belies some underlying successes.Of the 12 companies we analyse each year, the top 12 research-based pharmaceutical companies globally, nearly two-thirds succeeded in realising more value from product commercialisation than has been lost from late stage product failures.Also, across the 12 companies, non-RD costs have declined, resulting in a higher operating margin, which helps to free up cash flow that could be reinvested in RD.Julian went on to explain the changing landscape within the pharmaceutical industry.He said Taking a more innovative approach through greater collaboration has already proved successful. The walls of secrecy are coming down in some cases and there are increasing numbers of players within the industry forming alliances and joint ventures to pool research knowledge in a particular disease area or indication.Similarly, companies are striving to work more closely with payers at an earlier stage in development, to ensure that their innovation investments are directed towards therapies and propositions that are attractive to payers.He went on to add that the pharmaceutical RD sector could do more to work together, for example sharing knowledge on the science behind failed molecules and studies.This would improve success rates, and ultimately bring down the cost of developing new medicines. Sharing capabilities in non-competitive areas of the RD operation was also highlighted, as shared drug development would remove duplication, maximise capacity utilisation, and drive scale economies within service providers.Julian concluded Were likely to see companies establishing centres of excellence which bring together value analytics, simulation and modeling expertise, and finance and portfolio management capabilities to inform capital allocation decision during drug development.Deloitte indicate the successful implementation of such capabilities will better position RD leaders to gain investment in RD, and continue to develop medicines to benefit patients and society.
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Olympics could stoke bottled water industry
Posted on: 21/11/11
The UK bottled water industry is expected to pick up over the next five years, but not to point it was at in the early 2000s.A report by industry researcher IBISWorld, shows that the London Olympic Games will prompt a profitable spell for producers.Environmental concerns and constrained consumer spending have both impacted on the industry, which experienced a period of stellar growth during the late 1990s and early 2000s, before declining in 2006 and 2007. IBISWorld analyst, Naren Sivasailam indicates conditions are likely to improve over 2012-13.Naren said The London Olympic Games will be a boon for industry operators and any increase in average temperatures will stimulate sales, although stable growth will be hard to achieve.Raising interest rates, weaker public spending, higher taxes and the resurfacing of environmental opposition could impact on demand. According to IBISWorld, future growth will need to be driven by savvy marketing and further innovation in products and packaging.In addition to this, efforts to improve environmental image with the launch of ethical brands, and communication of the health benefits, natural sources and convenience of bottled water to consumers will also be important.Overall the UK bottled water industry displays a medium level of concentration, with the top four producers accounting for the majority of industry revenue in 2011-12.Top companies in the UK include Highland Spring, Nestle Waters UK, Princes Limited and Eden Springs UK Ltd. Danone Waters are the largest producer of water sold in the UK, although all of its water is sourced in France and Italy.
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New business offers advice on acquisitions and disposals
Posted on: 21/11/11
A local expert in acquisitions and disposals has launched a new online service to help business owners in the region easily facilitate sales and purchases.
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Tipster Stop sending out quotations now
Posted on: 21/11/11
What do you do when a prospect asks you to send a quotation How do you respond In my early days I used to get so excited thinking that this prospect was going to buy off me and all I needed to do was send my quotation.
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Winners of CIPR Awards announced
Posted on: 19/11/11
Last night the Pride awards celebrated the best of the regions PR industry in a glittering awards ceremony at the Hilton Hotel Gateshead.
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Warwick University technology spin-out celebrated
Posted on: 18/11/11
A Warwick University spin-out company is celebrating after winning a prestigious award for innovation at the 2011 Lord Stafford Awards.Molecular Solar, have developed ulta-thin, flexible solar panels to be used as portable chargers for mobile phones and other handheld devices.The company were celebrated at the awards following its successful partnership with Warwick Ventures, the Universitys technology commercialisation company.Warwick Ventures played a part in the setting up of Molecular Solar in 2008 and has been instrumental in securing funding to enable the company to convert research conducted in the Universitys Department of Chemistry, into marketable products. Academic founders, professors Tim jones, Mike Shipman and Dr Ross Hatton were presented with the award by Lord Stafford at a Birmingham ceremony last night.Professor Shipman, said Molecular Solar is founded on the strength of its partnerships with Warwick Ventures, the University of Warwicks Department of Chemistry, and other companies with whom we are working closely.We are delighted that the success of those partnerships has been recognised by the Lord Stafford team.Quentin Compton Bishop, CEO of Warwick Ventures, added Warwick Ventures has spun out more than 50 companies over the past 11 years and it is always a great honour to be recognised in the Lord Stafford Awards.We are delighted with Molecular Solars achievement and look forward to working with them as they continue to grow and develop a truly groundbreaking technology. The company has been established to commercialise third generation solar cell technology developed in a multi-million pound RD programme at the University.
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BT create 300 Midlands jobs
Posted on: 18/11/11
BT have announced it is to create 300 new customer advisor jobs at its West Bromwich centre, Providence Place. The jobs at the Sandwell complex are permanent BT roles, rather than third party outsourcing roles.Recruitment began for the customer service centre this week, and new staff will be in place by early 2012. Andy Kerr, deputy general secretary of the Communication Workers Union welcomed the announcement.He said This is a good news story for everyone at BT and for job-hunters in the Sandwell area.Weve worked closely with BT to create these jobs in the UK and were really pleased that the outcome is permanent, stable and directly-employed jobs.For us this is the best scenario as it offers job security and real investment for the local economy.We hope that this model will be used in the future to create more permanent UK-based jobs in BT customer services, and other areas. The new facilities at Providence Place are part of a partnership between Sandwell Council and BT, aimed at revolutionising business in the area.Ian Livingston, BTs chief executive, said Were delighted to be offering new employment opportunities to people in West Bromwich and Sandwell.We all know how difficult the job market is, so the fact BT is bringing more than 300 further roles to the area is great news and is a reflection of the efforts and cooperation of both CWU and Sandwell council.Jan Britton, chief executive of Sandwell Council, added BTs jobs announcement is great news for West Bromwich and Sandwell.Our partnership with BT is making a major contribution to the local job market and economy.
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Manchester unveils Business Growth Hub
Posted on: 18/11/11
Manchesters new Business Growth Hub was launched by Lord Heseltine at Etihad Stadium yesterday afternoon. Lord Heseltine outlined the new body, which aims to give firms of all size in Greater Manchester, and the wider North West, the help needed to grow.Over 400 delegates attended the Manchester Conference for Growth, where the announcement was made, along with speeches from Mike Blackburn, chair of the greater Manchester LEP and regional director for BT, and Richard Guy of the Business Growth Hub.In his rousing speech, Lord Heseltine talked of a recovery strategy to confront and overcome the current economic crisis.He said We need to rebalance our economy. That means a major shift of power from London to provincial England. We are all in this together and Government needs to put its own house in order as it exhorts others to do the same.I believe that we need a rebirth of provincial power, characteristic of the centuries when our cities first came to prominence.Improvement of failing schools and leveraging budgets to link private sector investment were also talked about.The new hub is in response to publicly funded business support schemes that have been scrapped, such as Business Link. It aims to build a community of private firms to share advice and mentoring for up to 75,000 businesses with the ambition and potential to grow.Help will be available for businesses to grow their bottom line, develop their profile, find partners and create growth.Mike Blackburn added The launch of the Manchester business growth hub is hugely important and is another great example of the private and public sectors in Manchester joining forces to support businesses.As we strive to stabilise our economy and then grow again, giving support to businesses is a crucial component in that plant.Im delighted therefore that the LEP has given its full backing to this initiative and look forward to seeing successful growth in the coming years. The Hub is chaired by Michael Oglesby CBE, and directed by Richard Jeffery, and supported by the Manchester LEP, Manchester Solutions and Greater Manchester Chamber of Commerce.It is free to join, and will be recruiting businesses who can benefit from the group of experts who will be at the centre of the organisation. Business mentors, coaches, banks, universities, innovation specialists, lawyers, marketing agencies, chambers of commerce, and other Private sector partners including Ernst and Young, Baker Tilly and Experian are already signed up. Director of the Hub, Richard Jeffery, said We are creating a community where businesses with the desire and potential to grow will get the professional and world-class support they need to succeed. We know that supporting and accelerating the growth of these ambitious companies is absolutely key to our economic recovery.
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North East showcased as key international renewable energies hub
Posted on: 18/11/11
North East Renewable Energies Group, Energi Coast, will showcase the strengths of the regions supply chain at a major international conference in Holland. Alex Dawson, Chairman of Energi Coast and CEO of TAG Energy Solutions, will address delegates from across the continent at the annual European wind energy conference on November 30.Speaking at a UK supply chain component of the conference, Mr Dawson will highlight the North East as a key strategic location for offshore renewables.Amsterdam will host EWEA Offshore 2011, where industry minds will meet to exchange knowledge, forge business relationships and create connections with influential people around the world. It will involve at least 460 exhibitors, and six Energi Coast members will be exhibiting at the conference including Heerema Fabrication Group BV, JDR Cable Systems Ltd, MPI Offshore, TAG Energy Solutions, Tata Steel and Technip Offshore Wind Ltd.Mr Dawson said North East England has an enviable record for delivering high quality products to offshore energy developments and is investing to become a global hub for the offshore renewables industry. We are expanding as an industry and Europe can benefit greatly from what we have to offer.We hope that taking the message to a globally recognised event will offer a huge boost to North East England and further highlight the regions credentials for delivering large scale projects across energy sectors.
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Alcan closure rocks Northumberland
Posted on: 17/11/11
Over 500 jobs have been lost, as Rio Tinto Alcan have confirmed their Northumberland plant will be closing. The company will now shut down the Lynemouth site, following a 90 day consultation process with employee and union representatives. Having been an integral part of the local economy since opening in 1972, the closure of the plant presents a significant blow to the area.Jacynthe Ct, chief executive of Rio Tinto Alcan, said This decision follows a thorough strategic review which explored every possible option for continuing to operate the smelter and power station. However, it is clear the smelter is no longer a sustainable business because its energy costs are increasing significantly, due largely to emerging legislation. We are hopeful that the power station can remain in operation under new ownership.She went on to say that all the workers affected would be supported with local initiatives, designed to promote regional economic development. Chris Jukes, Regional Political Officer for GMB union, said Its devastating news since the company bought this site at the top end of the market, and now this strategic review is masking the fact that they paid over the odds for it.They will bank the land in assets, and if they sell the power station component of the site, what they will really be doing is covering the cost of making these people redundant.Now that the Alcan plant is gone, the only major employer left between Newcastle and Edinburgh will be the public sector, and at a time when we need more jobs in this area. Chi Onwurah, MP for Newcastle Central and Shadow Business Minister, said The closure of the plant is a terrible blow for Northumberland and my thoughts are with those who work there and their families.But I am also worried that at least part of the reason for this closure is the uncertainty caused by the Governments inept and out of touch approach to manufacturing.The sudden imposition of carbon floors and the reduction in solar feed in tariffs are just two examples of government introducing policies in a way that makes long term planning impossible.For energy intensive industries like aluminium smelting this is particularly damaging, but we must now see what the Government will do to help ensure that the site can be put to a new use.
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Virgin Money to take over Northern Rock
Posted on: 17/11/11
The Chancellor, George Osbourne has announced the sale of Northern Rock plc to Virgin Money, at a loss to the taxpayer. Following the banks bail-out in 2008, it will now be taken over by Sir Richard Bransons conglomerate in a step towards returning public sector stakes in banking, to the private sector. While the bank has been sold at a loss, the Treasury insists it is in the best interests of the taxpayer. They say it will secure the long-term future of the company, and create competition in the banking sector. The deal means there will be no further compulsory redundancies, beyond those already announced, for at least three years, and all remaining branches will be retained.Virgin Money intends to keep the banks operational HQ in Newcastle.Mr Osbourne, said The sale of Northern Rock to Virgin Money is an important first step in getting the British taxpayer out of the business of owning banks. It represents value for money will increase choice on the high street for customers and safeguards jobs in the North East.The decision to proceed with the sales was based on advice from UK Financial Investments and their independent advisers. Virgin beat competitors to the acquisition which boasts a £14bn mortgage book, a £16bn retail deposit book and over a million customers. The NECC welcomed news of the sale, and chief executive James Ramsbotham, said The announcement that Northern Rock is returning to private sector ownership is a significant milestone for the company having endured three incredibly turbulent years and undergone complete restructure. It is extremely welcome news that new owners Virgin Money is committed to creating a new headquarters in Newcastle and has provided assurances that there will be no additional compulsory redundancies for at least three years. Hopefully this announcement will bring stability back to Northern Rock and help restore public confidence in the banking sector.
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Small businesses advised to gear up ahead of the taxmans new rules
Posted on: 17/11/11
North East businesses are being cautioned over moves by HRMC to introduce compulsory online tax return submissions. Regional accountancy firm Bell Tindle Williamson, have warned that hundreds of small businesses could become liable for fines as the new rules come into force next year.From the start of the 2012 financial year in April, HM Revenue Customs will introduce the rules that mean any VAT-registered business must submit its returns through the organisations website, rather than by sending paper forms.Regional finance expert at Bell Tindle Williamson, Emma Hartshorne-Ferguson, said HMRC has tried hard to communicate with companies about the forthcoming changes around tax return submission rules, but I very much doubt anywhere near as many firm as theyd have hoped or expected are fully aware of whats coming.Computers have obviously become part of everyday operations for a high proportion of North East companies, but its also true to say that they have very little impact on many thousands of other small businesses, where the cash till is often the most complex piece of technology they use.Many owner-managed businesses take almost all their receipts in cash and dont necessarily have the sorts of computerised documentation that more well-established firms can use to ensure theyre recording everything accurately. The firm are now encouraging owner-managers to look at what they need to do to get themselves fully prepared for their new responsibilities.Emma went on to express her reservation at introducing a new set of regulations for businesses, at a time when many are already struggling.She added HMRC has also said that it will be increasing the number of inspections that it makes of companies records, and theres a real possibility that SMEs who dont make timely, accurate online VAT submissions will be picked out for further inspection, thus creating a potentially costly spiral of tax-related issues.Whilst the taxman has said that a little latitude will be given whilst everyone gets used to the new way of working, were not expecting this to turn out in practice to be very much, and strongly recommend that companies should do everything they can now to prepare for meeting their extended tax responsibilities.
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Atlas Infrastructure Management secure NBSL funding for growth
Posted on: 17/11/11
Atlas Infrastructure Management is a cutting edge IT company based in Newcastle that provides business to business services offering hosted desktops and delivering enterprise class IT to small and medium businesses, where the business only pays for what it uses.
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Milton Keynes firm help Oman elections
Posted on: 16/11/11
Milton Keynes based electronic processing specialist DRS Data Services have aided the smooth running of important elections in Oman.The Oman Majilis A-Shura Legislative Council elections took place in mid October, and DRS worked with Bahwan IT, their partner in Oman to deliver high speed, real-time ballot counting technology. Roughly 600,000 ballot papers were provided by DRS, along with 83 scanners located in 61 regional counting stations. Turnout at the elections was reported to be 76, and each voter was authenticated at the polling station using a National ID Smartcard.In conjunction with Bahwan IT, DRS wored to deliver a training program enabling local count centre staff to understand the methods required to prepare ballot papers and to operate the scanning technology.The results were captured at each local centre, and then transmitted to a central site, and meant that overall results were declared within 12 hours of the end of voting. Head of elections at DRS, Sonya Anderson, said In 2003 and 2007 DRS had the opportunity to support the election process in Oman.We are delighted that our partner organisation Bahwan IT and the Ministry of Interior in Oman once again selected DRS technology for this mission critical process and once again the technology has delivered the benefits of speed, accuracy and security.Bahwan IT general manager, M K Janaki Raman, added The Oman elections went well, thanks to the excellent support from the DRS team.The entire process of voting and counting was all over in less than 24 hourswe would like to place on record our appreciation to the DRS management and to the entire team for having supported Bahwan IT in this crucial project.
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Business mentoring scheme steps up a gear
Posted on: 16/11/11
The Small Firms Enterprise Development Initiative SFEDI and a number of major UK business representative bodies and trade associations have formed a partnership which is set to provide thousands of new business mentors.Business Minister, Mark Prisk announced new grant funding of £1.2m to support the organisations new Get Mentoring programme, which is set to recruit 10,000 volunteers from SMEs to be mentors. The new scheme will compliment existing national mentoring portal, mentorsme.co.uk, that provides a single point of access to mentoring services. It was set in the summer, and presents a search engine for entrepreneurs seeking experienced business people as mentors.Mr Prisk said Businesses tell us they want to get advice from other experienced business people and we know that those seeking support are more likely to succeed.Mentoring can deliver significant economic benefits from just a small commitment of time and resources. Building a relationship with a mentor can have a positive effect on your business, whether you are just starting up or are already established.Ruth Lowbridge, SFEDI chair, added Were thrilled to be delivering a project with such a strong collection of strategic partners. As such this has created a unique opportunity to revolutionise business mentoring in the UK.Get mentoring is about small and micro businesses helping each other to succeed. Through this project new and growing businesses can benefit from the experience of those that have been there and done that and the volunteer mentors can also learn new ideas and give back to the enterprise community. By training mentors and giving them further confidence to support other businesses we will contribute to making the UK the best in the world to start and grow a business.
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Member news Capita Partners With Veritas Vision To Help Further and Higher Education Sector Turn Data into Information
Posted on: 16/11/11
Capitas further and higher education business has announced a new partnership with Veritas Vision, a web-based business intelligence reporting platform for higher and further education managers and leadership teams interested in monitoring Key Performance Indicators KPIs.
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North East tops unemployment figures
Posted on: 16/11/11
The North East has topped unemployment levels, as todays national figures show 2.62m are out of work.UK unemployment was shown to have risen by 129,000 since September, and the North East has now reached 11.6 unemployment.The Office for National Statistics revealed that between July and September, 20,000 more people were unemployed in the region than in the previous quarter.National youth statistics stood out, as the number of 16-24 year-olds out of work hit a record high of 1.02 million in the quarter. This number also includes 286,000 people in full time education, who are looking for part-time work. The total of out-of-work young people increased by 67,000 in the three months to September. Commenting on the figures, James Rambotham, NECC chief executive, said Although not unexpected, todays news on unemployment levels both on a regional level, and youth unemployment, follows an increasingly worrying trend.The North East continues to feel the impact of public sector cuts, but we have seen signs that the private sector is picking up the slack with the lear Corporation creating up to 400 jobs in Houghton SSI recruitment underway with the workforce now up to 800 Tata Steel investing £2m in wind turbine manufacturing at Hartlepool and Nissan currently employing more people than ever during its time on Wearside, having taken on over 1,200 extra staff during the last two years.Hopefully todays announcement of support for companies wanting to access the benefits of apprenticeships will also go some way to tackling the growing issue of youth unemployment.
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Network Rail open Swindon centre for local efficiency
Posted on: 16/11/11
Network Rail has launched a new independent business unit in Swindon, that it hopes will allow more efficient control of its South West routes.The unit is being introduced as part of the companys national devolution drive, that aims to make operations leaner and more responsive by giving more local autonomy on decision making.Network Rail Western aims to boost rail capacity, especially in Bristol, where there is an immediate need for growth as the city has one of the highest forecast growth in rail passenger demand, at around 44 by the end of the decade.Patrick Hallgate, Network Rail Westerns new route managing director, said The next decade is an exciting and challenging period with passengers on the Western route set to see great improvements.We have a big task ahead and devolution is a step in the right direction to enable us to achieve our performance and efficiency targets, whilst seizing the opportunities to drive local economy with these major investments.Infrastructure investment is a key economic driver and the rail industry is a growth sector that can be tapped into.He went on to say that the local presence will mean Network Rail are better placed to work with local stakeholders, including city councils and local enterprise partnerships. Redevelopment potential has been recognised in the land and buildings surrounding Bristol Temple Meads, and plans are to provide more platforms, better parking and an integrated transport hub.The strategy is being developed by the Western team, with contributions from key local leader, and is aligned with the West of England Local Enterprise Partnership.Colin Skellet, Chair of the West of England LEP, said We welcome the announcement of the new devolved structure and the commitment by Network Rail for major investment in rail infrastructure.The investments already announced by Network Rail, including electrification of the line from Paddington, will add significantly to the attractiveness of the West of England as a place to do business.By 2013, Network Rail Western will spend around £400m to operate, renew and enhance the 995 miles of railway in the West.This is in addition to the £4.5bn investment secured to transform the Great Western main line into the most advanced intercity urban railway by 2017.
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Learning programme launched for budding property investors
Posted on: 16/11/11
Salford based property development company, FreshStart Living have launched a learning package to help novice, and experienced property investors achieve financial success.The KickStart programme consists of three subscription packages, offering distance and contact learning modules to assist investors in building a successful and high yielding portfolio.A series of on-demand training videos, e-learning modules and face-to-face seminars make up the programme. FreshStarts marketing director, Stephanie Sowerby, said At FreshStart we receive so many calls from clients who want more knowledge regarding property investment and we wanted to create a product that could help them out.Thats why we developed KickStart - there is nothing else like it around.The tool utilises the existing wealth of knowledge here at FreshStart by sharing it through an interactive web-platform. Its been designed and created with the user always in mind, making it simple yet elegant on the page.Its an ideal platform for people to start from that offers quality educational information which will allow them to understand the most important aspects of property investment so that they can achieve financial success.The company are well placed to advise investors as it has proved to have a successful business model.FreshStart acquire sites at below market value, often bankrupt or distressed stock, and develops them efficiently and cost-effectively, allowing savings to be passed on to final purchasers.Low prices also allow business to let properties to tenants at competitive rents, and savings of over £720,000 per year have been reported. In January this year, FreshStart employed just five people, but now has more than 80 employees and is set be floated on the Alternative Investment Market of the London Stock Exchange.
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£1.9 million investment set to improve Newcastle Councils green credentials
Posted on: 16/11/11
30 housing blocks across Newcastle are set to benefit from rooftop solar energy systems thanks to a £1.9 million investment by Your Homes Newcastle.
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Footsie flat following mixed economic data
Posted on: 16/11/11
European bond yields were once again cause for concern this morning, Italys 10 year benchmark debt once again closing in on, and eventually exceeding, the 7 yield that was only seen last week. Spanish debt also came into focus with a yield at 6.3 following an early debt auction and with political insecurities given the country is to hold a general election on Sunday. Appetite for Italian debt reduced as Mario Monti, the prime minister in waiting, faced resistance on forming the governments new cabinet. The spread or gap between the yield on the French and German 10 year debt also reached a record level today, bond markets clearly pricing in a difficult outlook for France, the eurozones second largest economy.
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Tipster A half brick is like a half truth both travel twice as far
Posted on: 16/11/11
The Tipster remembers this little puzzler coming his way at a school examination. The first thought was-am I in the right exam room but on further consideration he recognised it as a philosophy question and managed to scrape together an answer.
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EDF Energy under investigation by watchdog
Posted on: 15/11/11
Energy watchdog Ofgem is investigating French energy firm, EDF as the provider receives an increased number of complaints from customers.Staff across the the companys call centres, including its Doxford Park operation in Sunderland, have been faced with a surge in complaints following the introduction of a new customer care system.Ofgem are already conducting an ongoing investigation which looks at complaint response times, and may signpost customers towards the Energy Ombudsmen if the complaints remain unresolved. British Gas and Npower have also been investigated, resulting in fines of £2.5 million and £2 million respectively.EDF customer services director Steve Hayfield previously told the Financial Mail I hold my hands up, we have let our customers down badly - especially in June and July.In a statement, EDF said they were investing over £160 million in new customer service systems to allow customers to manage their accounts. They said We recognise that during this bedding-in period some of our customers have found it difficult to reach us via our call centres, and we are really sorry for the inconvenience that this is causing.Currently over 50 of calls are being answered in under 5 minutes and we are working hard to improve further on this.
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Construction group unveils carbon neutral office
Posted on: 15/11/11
International construction group Interserve have unveiled their new Leciester office, a cutting-edge eco-friendly design.The £1.5 million project is the first Passivhaus carbon neutral commercial to be built in the UK, and recognises Interserves emphasis on sustainability. Passivhaus design principles have already been broadly accepted and acclaimed in the UK house building industry, helping developers to achieve superior energy efficiency ratings as part of the Code for Sustainable Homes.Building to these standards within the commercial sector is in its infancy, and the firm are striving to be at the forefront of implementing the construction method across a variety of public and private sector projects around the UK.Gordon Kew, director of regional building for interserve, said New premises were needed to replace the companys increasingly outdated existing offices in the area, which were energy hungy and had become dispersed among various buildings.One of the companys core business values is improving our performance through continual learning and innovation.Sharing our knowledge and the design concept of our new building reflects these values through its simplicity, elegance and efficient energy use.The new premises are located at Watermead Business Park, and construction has been made in partnership with park developer, Raynsway Properties.Around 60 staff are housed in the two-storey, 6,000 sq ft office, which runs at 10 of the energy usage of such a building constructed conventionally.Triple glazing, super insulation and reinforced concrete walls mean the requirements for space heating and cooling are reduced. Ventilated air passes into the building from an earth tube system, making the most of ground warmth in the winter, and low ground temperatures in the summer. Interserve are now applying Passivhaus standards to the building of a new primary school in Leeds, which will be one of the most energy efficient schools in the world upon completion next year.
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Taxi service to use chip-fat fuelled cars
Posted on: 15/11/11
A London taxi firm has launched a new fleet of vehicles powered by chip-fat. Greentomatocars has expanded the number of environmentally friendly private hire cars it offers to customers with a set of innovative biodiesel-fuelled MPVs and executive cars. The company already boasts green credentials with an existing fleet of 200 Toyota Prius, and now aims to cater towards clients who needed larger vehicles, and those seeking a more executive experience.Hamish Phillips, head of innovation at Greentomatocars, said Since we launched five-and-a-half years ago, our fleet has been exclusively comprised of the hybrid Toyota Prius, and unquestionably green choice for people traveling from A to B in London.Recent feedback from customers has shown that they needed other options but still wanted to make a consciously green decision when choosing their private hire provider.With this in mind, rather than simply bolting on a non-green solution, we wanted to maintain our green identity and biodiesel-fuelled vehicles fit this requirement perfectly.Fuel for the new fleet will come from locally-sourced waste vegetable oil, used in the cooking process.Emissions from the vehicles will be greatly reduced in comparison to vehicles using petrol or diesel, as research has shown that life cycle CO2 emissions are reduced by 60-90, when using 100 biodiesel from waste vegetable oil. The firm has further plans to power staff cars by the clients own waste vegetable oil, and is in discussions with a number of organisations in London. Hamish went on to say We, and our clients, find the idea of closed-loop recycling incredibly exciting - giving businesses the option of reducing their emissions by using their own waste vegetable oil to fuel cars for their own staff is a perfect way of enhancing their existing CSR plans whilst keeping their transport decisions consciously green.
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Inflation falls to 5 in October
Posted on: 15/11/11
Inflation fell in October to 5, according to new figures from the Consumer Price Index.
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Dont underestimate the power of digital marketing, says expert
Posted on: 15/11/11
Businesses cannot ignore the power of digital marketing when it come to reaching new customers and growing their company, according to one of the UKs leading experts on the subject.
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Sustainable business showcased at exhibition
Posted on: 15/11/11
As the government has earmarked the North East as the future of the UKs low-carbon economy, the Federation of Small Business is holding a free to attend exhibition, Green 4 Go, to showcase the regions sustainable business and the way small businesses can become more sustainable to save money.
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Restuarant review Five star quality at Rockliffe Halls The Brasserie by Atkinson
Posted on: 15/11/11
Grand buildings, both new and old appeared as we drove towards Rockliffe Halls extensive grounds lit up on the dark November night. With the sky clear and air frosty the buildings provided a perfect backdrop, a real shame we didnt have more time to explore the grounds earlier in the day.
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Online wine retailer scoops top award
Posted on: 14/11/11
Norwich-based wine retailer Naked Wines, is celebrating after being named the UKs Online Business of the Year, at the National Businesses Awards 2011.
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Success for eco-friendly bottles
Posted on: 14/11/11
Suffolk based packaging company, GreenBottle have developed the worlds first paper milk bottle, and is celebrating a landmark achievement by selling its 100,000th bottle.The unique product is being successfully trialed in Asda stores across the South West, spurring the next stage of develop - a paper wine bottle. A prototype paper bottle has been created, and now the company is in talks with supermarkets and wine producers to make it available to the British public as early as next year. Inventor Martin Myserscough is the brains behind the bottle, he said The best thing about GreenBottle is that consumers just get it.Weve found that if you offer them the choice of a paper bottle or a plastic one theyll choose paper every time. Choosing milk in GreenBottles enables consumers to do their bit for the environment every day - and our sales show that ever greater numbers of consumers are doing this.Were hopeful that the success weve had with GreenBottle in milk can be repeated with wine. It would mean an end to those morning-after trips to the bottle bank.Since its launch earlier this year in Asda stores, consumer reaction to GreenBottles paper milk bottle has been positive.A six-month test market in the south-west, showed that UK sales of milk sold in GreenBottles more than tripled compared to previous sales in conventional plastic bottles.Martin has managed to achieve success without funding support from UK banks, using private investors and grants secured from the European Union.
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Yell teams with UKTI to help SMEs go international
Posted on: 14/11/11
Yell, the business directories company, has joined forces with UKTI to deliver guidance and support to UK SMEs looking to expand internationally.The partnership is called Open to Export, and will provide a dedicated platform for UK-based companies to collaborate and share intelligence about conducting business overseas.An online portal will allow local businesses, existing exporters and export industry suppliers to interact, and search for the support they require.Mike Pocock, chief executive officer of Yell Group, said This partnership is an important element of Yells strategy to become a leader in the emerging eMarketplace connecting SMEs and consumers locally.The Open to Export platform is a model which Yell Group can extend across its geographies to help governments drive export growth for SMEs.Speaking at a recent UKTI event in London, Lord Green, Minister of State for Trade and Investment, said Local businesses are the lifeblood of our economy and their success is key to getting the UK economy moving. By helping SMEs grow exports, we will see a significant boost to the UK economic growth.This innovative partnership between Yell and UKTI - Open to Export - will provide an invaluable online marketplace where SMEs will be able to overcome the complexities of trading overseas through relevant advice and support.Research by Yell found that a large proportion of businesses are lacking the confidence and desire to pursue exporting opportunities.Out of 700 SMEs surveyed in July this year, 28 had identified that exporting was not part of their business plan, despite them believing they had the appropriate goods or services.
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Overhaul of public sector will have far reaching consequences, say experts
Posted on: 14/11/11
Radical changes to the public sector are set to have far reaching effects on the way health, local government and education are delivered, according to experts at Ward Hadaway.
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Tipster Get your prospects to say NO
Posted on: 14/11/11
Amongst all of the doom and gloom that is going on at the moment it is time to change your focus and attitude so that you spend your time only on those prospects that are serious about buying from you.
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Railway operations move to York
Posted on: 11/11/11
Network rail will move full control of the London North Eastern route from London to York on Monday.A new route managing director and his team will take up responsibility for the hundreds of miles of railway.The change will afford the team in York a greater decision-making authority, and is seen as a strategic manoeuvre to allow fast response to issues on one of Britains busiest rail routes.It also forms a central part of Network Rails plans to deliver continued efficiency savings, with a target to cut the cost of running Britains railway by more than £5bn between 2009 and 2014. As of Monday, the LNE route will operate as a separate business unit within Network Rail, with its own set of accounts, allowing for greater benchmarking of financial performance and efficiency between routes. Phil Verster, previously deputy CEO and chief engineer at Irish Rail will take up the role of route managing director for LNE.He said This is a significant change for the way we manage the railway.Instead of segregated teams reporting to various head office functions on operations, electrification, signaling, track and structures, we will now have local autonomy and a local focus.We are already running a record number of services, getting more passengers to their destinations and moving more freight than ever.However we need to do this more consistently and with greater responsiveness to train and freight operators.The changes follow the recommendations of the McNulty report, which said savings of up to £1bn a year could be made by continued closer working between Network Rail and the train companies.Phil added I know the team on LNE already have strong relationships with our customers and I look forward to developing those and embedding partnership approaches at the heart of everything we do.
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Dutch PM to visit Manchester and London
Posted on: 11/11/11
The Dutch Prime Minister, Mark Rutte will visit London and Manchester next week as part of a business and trade delegation.Mr Rutte will meet with David Cameron, and Nick Clegg for consultations, including the growth agenda and the Euro zone. The business delegation will focus heavily on creative industries and innovation, transport and logistics. Economic ties between the two countries are strong, as annual Dutch export to the UK amounts to 30bn, while the Dutch invest 94bn in the UK every year, and the UK conversely invests 60bn in the Netherlands.The visit will first see the Dtuch PM co-host a Strategic Business Dialogue breakfast at Number 10 Downing Street with Mr Clegg and CEOs of the largest British and Dutch companies.Following this Mr Rutte will travel to Manchester with the trade delegation, visiting Media City, meeting technology entrepreneurs and making an appearance at TNT, the Dutch postal group based in Wigan. The visit underlines Dutch recognition of the wider Northwest region as an engine for growth and innovation in the UK, and its importance to the Dutch economy. The Dutch government is the first and only government to set up a permanent business support office in the region and will host the 2012 Apeldoom British-Dutch Dialogue Conference in Manchester next March. It will focus on the potential of higher education institutions as incubators for future innovation and economic growth.
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Sunderland gets connected with superfast broadband
Posted on: 11/11/11
Sunderland will become Englands first city to offer total super fast broadband coverage, Sunderland City Council have announced today.A significant commercial investment by BT has allowed extensive coverage of up to 90 of homes and businesses in the city by summer 2012. When combined with the presence of other providers in the city, this further expansion is expected to take Sunderland to almost ubiquitous superfast connectivity.Homes and businesses will benefit from increased some of the fastest speeds in the country as fibre to the cabinet FTTC, and fibre to the premises FTTP technology will provide download speeds of up to 40Mbps, and 100Mbps respectively.On top of this, FTTC speeds are expected to roughly double next year, whilst FTTP will deliver speeds of up to 300Mbps.Cllr Paul Watson, leader of Sunderland City Council, said Sunderland is committed to regenerating and securing its future economic prosperity.The City Council is investing in Sunderlands infrastructure, ensuring the city is the easiest place in the UK to do business - whether youre a small to medium-size enterprise or an international manufacturing giant.Being able to announce that Sunderland will be the first city in Britain to offer wall to wall access to superfast broadband is the result of our vision, ambition and commitment. He went on to say that the plans were a step in the right direction towards the long-term vision for Sunderland, and that it represented a vital ingredient for the economic growth of the city.Network access will be offered to service providers on an open wholesale basis, supporting a competitive market and allowing homes and businesses the choice of providers.Bill Murphy, managing director of Next Generation Access at BT, said Sunderland is hitting the superfast broadband highway at full speed.Were delighted to be extending the reach of superfast broadband across the city so that more homes and business can take advantage of this transformational technology.Sunderland City Councils vision and ambition has created the right environment for BT to make significant investment in the Citys infrastructure. We now look forward to working in partnership with the City Council to extend roll-out even further.
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Birmingham office space becomes cheaper
Posted on: 10/11/11
The cost of office space in Birmingham has fallen over the last nine months, with the average cost of a single desk down by £70 since last year.Online office search and consultancy company, officebroker.com conducted research into prices between January and September for 2010, and 2011.The figures show businesses entering the serviced offices during this year were paying on average £74 less than those who had done so last year. According to the companys City Focus Birmingham Q3 2011 publication, the lower prices may have resulted from higher volume deals being completed by local office providers.Businesses entering serviced office space in 2010 were shown to have an average requirement of just over three work stations each, while in 2011, the requirements had more than doubled to seven work staitons. A spokesperson for officebroker.com, said Larger occupiers will result in lower rates being negotiated with providers.The larger businesses with larger requirements, which were largely absent in 2010, would appear to have had an impact on the pricing levels being recorded across the city centre. And while the individual number of firms moving into serviced space has fallen, the amount of physical space taken has increased by 85. As more enquiries and business moves traditionally take place in the period between September and December, the report suggests that greater demand could drive up prices.
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North East company applies last minute model to training course provision
Posted on: 10/11/11
A North East web company has received funding for an innovative new service which aims to use a last minute business model to help training course providers.Help Training Courses have secured £55,000 of investment from the Finance for For Business North East Growth Fund, as they launch a web portal that facilitates discounted bookings for customers.Having launched less than 18 months ago, the portal offers over 10,000 courses from more than 400 training providers right across the country.The recent funding, secured from regional fund management firm NEL Fund Managers, will now help the company in a drive to bring even more providers to the portal.Craig Fantarrow, one of the founders of the company, said When training providers put on their courses, they have fixed costs for things like venue hire and catering which take a large chunk out of their profits if their courses dont sell out.Our portal takes the last-minute discounting model that is more usually seen in the travel and leisure sectors, and gives training course providers the chance to sell empty places at discounted rates to an audience of several thousand unique users who are all actively looking for the services they provide.The concept aims to benefit providers with sales, while the buyers can access the training at lower prices.Now, following marketing activity through social media, and other online areas, Chris hopes to pursue a wider strategy to broaden the services the firm offer.Jane Siddle, investment executive at NEL Fund Managers, added Help has combined detailed knowledge of a niche market with an innovative use of proven technology to build a successful business in a very short time, and the continuing monthly increase in the portals user numbers indicates a strong ongoing demand for the services they provide.The funding for Help is just part of the £125m if investment capital brought to the region by the European Investment Bank, the European Regional Development Fund 2007-13 and the regional development agency, over the next five years.
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Housing activity in the region increases - but problems still remain
Posted on: 09/11/11
Activity has increased on the North East housing market during October, with the number of chartered surveyors reporting that sales rose rather than fell in the last month.
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Energy firm remains positive despite cuts to subsidies
Posted on: 08/11/11
A Manchester based energy consultancy is remaining positive in the face of government backtracking on solar panel feed-in tariffs. While many installation and consultancy businesses may be concerned following the news, Energy Gain UK Ltd have welcomed the proposals.As payments will be slashed for all panels fitted after December 12, 2011, the firm believe the manoeuvre is a positive one.Directors at Energy Gain said Although the industry has been sent into a tailspin over this, we know that responsible businesses throughout the supply chain will respond effectively and allow us to provide attractive propositions to customers.Structures and prices will be re-addressed by companies with a serious interest in the renewable energy market and consumers will benefit from the exit of weaker businesses and those investors with no interest in the UKs energy diversification and carbon reduction strategies.Feed-in tariffs were introduced last year, with the aim of generating income for those who installed solar panels.Subsidies have now been slashed for new sign-ups, as ministers say it it necessary to make smaller scale renewable schemes cost effective.The news of the cuts has largely been met with dismay by renewable energy firms, who warn it will damage growth and result in job losses.
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Businesses urged to take control of energy efficiency ahead of uncertain future
Posted on: 08/11/11
The UK energy sector faces an uncertain future, and businesses are being warned to take control to protect themselves from risk.Research within the npower Future Report, which was published by the London School of Economics, examined the key challenges the energy industry is currently facing and assesses the impact this could have on business.The report, entitled Demanding times for energy in the UK suggests that £200 billion of new investment is required by 2020 to replace ageing energy infrastructure in the UK and move toward smarter, lower carbon technologies. Volker Beckers, CEO of RWE npower, said We commissioned the npower Future Report to assess how the UKs energy market infrastructure could change in the near to midterm and the impact this would have on UK businessesFour scenarios are presented in the report, and present what may happen if the right balance is not found.These include a government backtracking on decarbonisation commitments, and focus on gas investment shortfall caused by poorly implemented policies, and over optimistic environmental targets causing spiraling costs.Volker continued The scenarios outlined are entirely possible, which means policy to attract the required £200 billion investment needed to ensure the current intended route for the UKs energy infrastructure is established quickly, happens effectively, and delivers an attractive market to invest in.Wayne Mitchell, interim industrial and commercial markets director at npower, added Whatever happens in the future, business energy users can take control by becoming more energy efficient, controlling the timing of their consumption and relying on their own stand-by generation when it is economic to do so.Organisations that actively manage their energy demand not only reduce the risks for themselves, they also become part of the solution and can help the grid match supply and demand.He went on to say that there was an opportunity to gain additional revenue by selling back power to the grid.
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Valuable road projects halted by major funding shortfalls
Posted on: 08/11/11
Almost a hundred high-value UK road projects, that could stimulate the growth agenda, are on hold due to massive shortfall in funding.Research by consultancy firm Arup has shown that at least 96 projects that offer a good cost to benefit ratio are waiting for funding.The shortfall is thought to be £12.8 billion, and the Highways Agency would be responsible for the majority of them, with a local authorities responsible for large minority.Many of the cases have compelling benefits, estimated to deliver more than five pounds of economic benefit for every pound invested.However, the agency only has a budget of £2.3 billion over the four years until 201415. Professor Stephen Glaister, director of the RAC foundation, said This research will worry drivers and should concern government.With ministers talking up the need for infrastructure investment they should turn their attention to the offices of the Department for Transport where there are scores of schemes which deserve to be built.Congestion is set to increase dramatically in the coming years and these projects could make real differences to the lives of individuals and the economic needs of the country.He went on to add that where public funds are lacking, ministers should follow through on their promises to speed up the process of encouraging private investment in new capacity.Transaction director with Arup, Alexander Jan, said There is a real opportunity for central government to look closely at what has worked internationally in getting essential infrastructure funded and delivered.Part of that solution needs to be about giving local and regional government the opportunity to help get important infrastructure funded through tried and tested methods available from abroad.Such an approach should be entirely consistent with the ministers localism agenda.The projects identified in the report were typically localised interventions at key bottlenecks, bypasses, widening projects and junction improvements, not new routes or megaprojects
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New study - Vitis PR investigates what free newswires are helpful for small businesses
Posted on: 08/11/11
Vitis PR, a Birmingham-based a hrefhttpwww.vitispr.comb2b-prPR agencya, has announced the results of its study into free newswires.
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Personal Insolvencies continue to fall
Posted on: 08/11/11
The number of personal insolvencies in England and Wales in the last quarter has fallen by 11 on the same period in 2010.
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Creating the right space
Posted on: 08/11/11
Ive spent a lot of time away from home over the last 10 days. Ive travelled by plane, train and automobile and produced events in some of this countrys well known venues. And next week will be more of the same no doubt.
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Tipster Stressed to bits
Posted on: 08/11/11
It is such a common problem facing employers in the modern office. How do I deal with the employee who is claiming that they are suffering from stress Do I
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Member News Discount retailer opens in Newcastles old Woolworths store
Posted on: 07/11/11
A discount variety store has taken over the former Woolworths site in Newcastles Clayton Street - nearly three years after Woolies shut up shop for the last time.
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Corporate insolvency figures continue to rise
Posted on: 07/11/11
Latest corporate insolvency figures have shown a slow upward trend, with Q3 figures increasing by 7.4 on the same period in 2010.
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Tipster The top 10 activities to build your sales business
Posted on: 07/11/11
Customers are the lifeblood of growing organisations you must continue to seek, deliver and achieve the high standard of the first sale to every sale in doing this you are on the Road to Sales Success.
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Second Tyne Tunnel will transform the region, predicts project MD
Posted on: 04/11/11
As the construction of the Second Tyne Tunnel draws to a close, commuters from across the region will be looking forward to the end of crawling along in seemingly endless traffic queues.
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Hadrians Wall named as London 2012 Festival site
Posted on: 04/11/11
Hadrians Wall has been named as one of the sites for the London 2012 Festival, a 12-week celebration of leading artists from across the world to tie in with the Olympic and Paralympic Games next year.
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Private sector development needed to boost growth say NECC
Posted on: 04/11/11
The North East Chamber of Commerce NECC believes that private sector development can catalyse the regions economy, but only if it gets the right support mechanisms in place.
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New business support programme joins academia and business
Posted on: 03/11/11
A new university-led business support programme could help to fill the gap left by the government closure of Business Link centres.Profitnet is born from the University of Brighton and aims to ally business and academia, in an innovative new approach to business development support.The programme facilitates group meetings between member businesses, where expertise, advice and support are shared.A business plan can be presented, and then constructive input from the group is invited, addressing issues such as staffing, marketing, research and development and launching of products.Following five years of operation across Sussex, the programme is now being rolled out nationally, and internationally under licence. Statistics from programme so far show positive results, with 72 of participants saying they are more innovative in their business thinking as a result of the programme, and almost 60 of member businesses have reported increased market share.Commenting on the success, Deana Ward, Profitnet Business Development Manger at the University of Brighton, said Profitnet works because people have a thirst for knowledge, inspiration and success.It provides an incredible resource for members acting like a board of directors, fellow members provide constructive criticism, advice, feedback and a certain amount of checking and cajoling, keeping businesses on track and constantly innovating and developing.Profitnet now hope that the scheme will fill the gap in SME business development and support in the UK, left by the closure of Business Link.
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To the Dragons Den and beyond
Posted on: 03/11/11
a hrefhttpbdaily.co.ukeventsenterprise-and-startup09-11-2011an-evening-with-rachel-elnaugh-to-the-dragons-den-and-beyondAn evening with former Dragon Rachel Elnaugha is now free to attend thanks to generous sponsorship from North East businesses. Northumberland Business Services Ltd NBSL, Bdaily Business Network, Winns Solicitors, Northern Washrooms, Network North and BACK Consulting Limited are all sponsoring the event that follows the a hrefhttpbdaily.co.ukeventsnews09-11-2011northeastexpo-autumn-2011NorthEastExpo Autumn 2011 exhibitiona at Newcastle Racecourse on Wednesday 9th November.
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Ward Hadaway win major health advisory contract
Posted on: 03/11/11
Ward Hadaway have been chosen to sit on a major health advisory panel to provide legal advice to over 100 NHS organisations nationwide.
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Government needs to take unprecedented action to meet emissions targets, says ICE President
Posted on: 03/11/11
The president of the Institution of Civil Engineers ICE is calling on the government to take unprecedented action to meet carbon emissions targets.
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Win a family ticket to see Doctor Dolittle
Posted on: 02/11/11
The classic tale of kindness to animals and animal kindnesses trots, crawls and flies onto the Whitley Bay Playhouse stage in a big Broadway-sized family musical this week. All of the characters weve come to love through the stories of Hugh Lofting are given new life in the stage version of Doctor Dolittle.
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NECC report calls for better training to boost local economy.
Posted on: 02/11/11
The NECC Skills Policy Report has been released, and is urging the regions universities and colleges to ensure the right training is in place to boost economic growth.
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GDP sees unexpected growth of 0.5 in Q3
Posted on: 01/11/11
Gross Domestic Product has grown by 0.5 in the third quarter 0f 2011, the strongest quarterly increase in four years.
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NECC chief calls on government to promote localism
Posted on: 01/11/11
The Chief Executive of the North East Chamber of Commerce is calling on the government to do more to promote localism after the second round of Regional Growth Funding was announced yesterday.
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Tipster Even handed in times of redundancy
Posted on: 01/11/11
Due to the economic climate a number of employers are thinking about redundancies. They face particular problems when a mother is on maternity leave. Some employers are rightfully fearful of facing a sex discrimination claim andor a breach of the relevant maternity regulations, if they get it wrong. It is obviously a very sensitive time and understanding and consideration should be given to all parties needs.
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A trusting National Trust
Posted on: 01/11/11
Its been a busy week of events for RB Group all over the country including work in Portsmouth, Nottingham and Birmingham, not to mention several projects closer to home.
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Deputy PM pledges £950m to boost the economy
Posted on: 31/10/11
The Deputy Prime Minister will today announce plans to invest £950 million in the economy to create and safeguard more than 200,000 jobs.
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Creative Industries provide £90m boost to regional economy
Posted on: 31/10/11
Creative industries in the North East contribute over £90 million to the North East economy annually, an increase of 37.6 over the past 6 years.
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From redundancy to consultancy
Posted on: 31/10/11
Robin Beveridge, former Head of Policy and Research at ONE North East, talks about the new training programme thats helping public and voluntary sector workers kick start a new career.
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RB Group head to Nottingham for National Trust AGM
Posted on: 28/10/11
Local events production company RB Group are taking their services down to Nottingham this weekend for this years National Trust annual general meeting.
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High energy prices could hit UK manufacturers
Posted on: 28/10/11
Energy intensive manufacturers in the UK are paying significantly more for power than their German counterparts, due to the governments approach to climate change policy.
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Member News Bad Taste Bears Cute, collectable and controversial
Posted on: 28/10/11
OddCo Ltd. of Newcastle is the creative team behind the hugely successful Bad Taste Bears figurine range. Bad Taste Bears is one of the UKs most successful collectable figurine ranges, with a massive collectors base and worldwide distribution. The OddCo Ltd. mission is to bring fun and exciting gifts and collectables into the worldwide market and to provide friendly and efficient service to its customers.
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Employers must boost employee confidence to keep hold of high fliers.
Posted on: 27/10/11
North East employers run the risk of looking their top employees if they ignore the culture and management issues in the workplace.
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HC-One take full control of Southern Cross Care Homes
Posted on: 26/10/11
From next week HC-One will take over the running of a third of the ill fortuned Southern Cross care homes.
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EasyJet PR guru offers advice to local businesses
Posted on: 26/10/11
On Monday night Newcastle City Library played host to one of the PR industrys most eminent experts, who was in the region to share his expertise with local businesses.
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Deputy PM promises to cut Red Tape
Posted on: 25/10/11
Nick Clegg will address small businesses leaders in Shoreditch this morning to discuss how the government plans to cut red tape.
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Deputy PM promises to cut Red Tape for SMEs
Posted on: 25/10/11
Nick Clegg will address small businesses leaders in Shoreditch this morning to discuss how the government plans to cut red tape.
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Have Your Say On Sunday Trading Laws
Posted on: 25/10/11
The current Sunday trading laws are under review, and the Department of Trade and Industry DTI is inviting views from consumers, religious groups, employees and businesses on all aspects of trading on Sundays. Currently, large shops over 280 sqm can only open for six continuous hours between 10am and 6pm. Small shops have no restrictions on opening hours. For details on how to comment on Sunday trading, visit a hrefhttpwww.dti.gov.ukccpsundaytrading.htmhttpwww.dti.gov.ukccpsundaytrading.htma.
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CBI calls for increased help for medium sized businesses
Posted on: 25/10/11
The CBI is calling on the government to offer more help to medium sized businesses, who are often under the radar of policymakers.
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Construction growth now set to return until 2014
Posted on: 25/10/11
More bad news for the Construction Industry, as new figures show that growth is unlikely to return to the sector until 2014.
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Double award winner Alison Taylor from Food Local Food.com talks to Bdaily
Posted on: 25/10/11
Alison Taylor has experienced winning Women Into the Network awards on two occasions she won the Best New Businessaward in 2009and BestUse of Technology award in2010. Angela tells Bdaily about her business, Food Local Food.com, what winning the award meant for herself and the business whilst she also explains what benefits her association with WIN has brought.
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Prince of Wales officially opens The Corner Emporium, Middlesbrough
Posted on: 24/10/11
At the grand opening of the Corner Emporium, HRH Prince of Wales described the project as an example of what is needed to affect real change at local level.
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This weeks new starters 24th October 2011
Posted on: 24/10/11
The tax team at Deloitte have grown its team by 25 by recruiting a range of experienced tax professionals and five graduates to help further grow the business.
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Missing the power point
Posted on: 24/10/11
It isnt that many years since 35mm slides were the main way of presenting your images and bullet points to a business audience. Of course, PowerPoint and other computer packages have made a huge impact by allowing almost anyone to create their own slides as well as make last minute changes.
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Tipster Close sales quicker
Posted on: 24/10/11
Todays tip was something that came out of a session we had last week and someone asked me how they could close their sales opportunities quicker. After a few questions on their examples I stopped them and told them to listen to what I was going to say as it is important if they wanted to close sales quicker.
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Proud to sponsor Sun FMs Youth Worker of the Year
Posted on: 21/10/11
Earlier in October the North East BIC was proud to support Sun FMs Local Heroes awards, which celebrated special people from across Wearside who have gone the extra mile in a range of categories, including Nurse of the Year, Child of Inspiration and Parent Guardian of the Year.
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Member news What a graduate has to do to get ahead in Tyne and Wear
Posted on: 20/10/11
In recent months, the headlines have been dominated by the increasing rate of unemployment amongst recent graduates but full-service design agency Urban River, based in South Shields, have met this problem head on.
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Turner Prize exhibition unveiled
Posted on: 20/10/11
Excitement is brewing at the Baltic Centre for Contemporary Arts, as the venue plays host to the prestigious Turner Prize 2011.
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Shark Club officially opens for business
Posted on: 20/10/11
As Newcastles first Gastro Bar prepares for its VIP launch this evening, bdaily has been speaking to the brains behind the Shark Club.
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Consumer squeeze hits owner of Argos and Homebase
Posted on: 20/10/11
Markets opened higher his morning despite Athens being brought to a standstill by more than 70,000 demonstrators who, through a 48 hour strike, voiced their opposition to a further round of austerity measures that are subject to a Greek parliamentary vote tomorrow. In contrast to the chaos on the streets of the Greek capital, investor sentiment was lifted following a Guardian newspaper report last night that suggested a deal had been struck between France and Germany to increase the firepower of the EFSF. The rumours suggested that the bailout fund was to be leveraged to a total of 2 trillion, however the deal was denied by a senior eurozone source. The Euro rose on the news, which also benefited US equities as they traded into the market close across the Atlantic.
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MEP speaks out against Northumberland factory closure
Posted on: 19/10/11
MEP for the North East Martin Callanan has spoken out against the news that the Rio Tinto Alcan factory is set to close due to restrictive EU regulations.
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Miners suffers as China shows more signs of slowdown
Posted on: 19/10/11
Markets opened lower this morning, weighed down largely by two separate overnight announcements. The first came from Chinas National Bureau of Statistics who reported that the country grew at an annual rate of 9.1 in the third quarter of this year, slightly below forecasts of 9.2 and lower than the 9.5 reading in the previous quarter. News that the Chinese economy grew at its slowest rate for two years negatively affected commodity prices which in turn weighed on those equities with greatest exposure to them, notably miners.
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Northern designers showcased at design event
Posted on: 19/10/11
The biggest design exhibition in the North East took place at the Baltic this weekend, showcasing some of the regions best design talent. Design Event was spread across four different exhibitions at the internationally recognised gallery in Gateshead, and gave art lovers the opportnuity to see a variety of innovative and unique designs. A main showcase event called MART, attendees were also given the opportunity to purchase works by top designers including the likes of Noma Bar, who fascinated audiences with a striking print machine in the shape of a giant black dog. Kala Preston, Design Event acting director, said We are thrilled with the success of this years festival, the sheer volume of public support we have seen at all of this years events so far has been overwhelming. It just goes to show how important design and culture is to our region, and how proud we are of the home-grown talent we have right here. Other curiosities at MART included a gravity defying melted-look fish bowl, giant chain jewellery, a book shelf in the style of a tree branch and Byker inspired mugs. Design Event is now a biennial fixture, and in the years the festival will not take place, organisers will take a group of Northern designers to exhibit at 100 Design, part of the London Design Festival. EndFragment
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North East England Director Returns To His Roots To Film Tourism Ad
Posted on: 18/10/11
An internationally renowned director has returned to his roots to create an advert promoting the North East. North Shields-born Adrian Moat has returned to his native North East to shoot the commercial which will form a key part of the Passionate People, Passionate People regional image campaign. The advert follows the journey of a young couple visiting the region. Their journey takes in a range of sights, including Bamburgh, Durham Cathedral, the Farne Islands, Guisborough Priory, Hadrians Wall, High Force, NewcastleGateshead Quayside, Penshaw Monument, Roseberry Topping and Seahouses.
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Bellway announces 50 profit increase
Posted on: 18/10/11
North East housebuilder Bellway has announced a rise in pre-tax profits of over 50, firmly bucking the trend witnessed by many in the construction sector.
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Inflation hits 3 year high of 5.2
Posted on: 18/10/11
The Consumer Price Index has risen to a 3 year high of 5.2, further highlighting the bleak economic outlook.
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The Beacon Bringing business to the West End
Posted on: 18/10/11
As the finishing touches are completed on the newest development in the West End of Newcastle, Siobhan OBrien has been explaining to bdaily how the latest development Groundworks is supporting will help to transform the area.
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BP advances after agreeing Gulf spill settlement
Posted on: 18/10/11
SourceURLfilelocalhostUsersruthmitchellDocumentsMicrosoft User DataSaved Attachments17 October 2011.docx
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Onyx celebrates £42m investment
Posted on: 18/10/11
North East technology provider Onyx Group have announced a substantial £42m investment by ISIS Equity Partners. Following a £27m purchase price, and £15m in further power to fund strategic acquisitions, ISIS now owns a majority stake in Onyx Group. The move will also help to extend Onyxs geographical reach from their 10 existing sites, including Newcastle, Teesside, Sheffield, London, Edinburgh and Glasgow. Neil Stephenson, CEO of Onyx Group, said This is a milestone for Onyx which will greatly bolster our position as a leading provider of specialised IT provision within the data centre, business continuity and cloud space. It highlights the commitment and sheer hard work of our people in ensuring that Onyx continues to differentiate itself from competitors in the market through the development of bespoke IT solutions to meet the needs of businesses within very different, specific fields. Onyx has completed six acquisitions over the past few years which has seen its customer base grow to over 2,000 clients across mid-sized businesses. The deal will now help them to push ahead with ambitious plans to grow the business through further acquisitons. Mark Advani led the investment in Onyx on behalf of ISIS and said Technology is making off-site hosting of data easier and more cost effective. The Onyx management team has done a great job of building a diverse, high service level provider of data storage and business continuity services with its existing investors. We are looking forward greatly to helping them accelerate their growth whilst building upon their high touch, local service proposition. Established in 1994, the company have successfully grown from a regional IT specialist to a national provider and has since made it into the Sunday Times Tech Track 100, a list of the fastest growing technology companies in the UK. EndFragment
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2010 Women Into The Network Best Retail Business winner Susan Routledge from Finishing Touch Health Beauty Clinic talks to bdaily
Posted on: 18/10/11
Susan Routledge collected the Women Into The Network Best Retail Business award in 2010. She tells bdaily about her business, Finishing Touch Health Beauty Clinic, what winning the award meant for herself and her company whilst she also explains what benefits her association with WIN has brought.
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Tipster Bribery Act
Posted on: 18/10/11
The Tipster has noted the first conviction under the Bribery Act 2010.
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Member News Northallerton-based hotel and restaurant The Village Inn launches their new website
Posted on: 17/10/11
The small village of Brompton, Northallerton saw the re-opening of a hotel, restauarant and bar The Village Inn this summer. The Inn which boasts 11 rooms as well as two function rooms, dining area and bar, is the brainchild of the Price family who saw an opportunity to take advantage of a premise which had been shut for 4 years.
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Charity law Ward Hadaways Fiona Wharton offers us an insight into legislation and the Third Sector
Posted on: 17/10/11
When one thinks of lawyers, charity is not always the first thing that comes to mind. However, as more and more people begin to do their bit for charity, the questions can mount up which is where charity law expert Fiona Wharton comes in.
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Former Newcastle player shows racism the red card
Posted on: 17/10/11
Former Newcastle United ace Olivier Bernard has renewed calls for regional businesses to support anti-racism charity, Show Racism The Red Card.At yesterdays game against Tottenham Hotspur Olivier was inducted into the charitys Hall of Fame for his tireless efforts to stop racism in schools.Newcastle favourites Les Ferdinand and John Beresford were on hand to present the award in the centre circle, live on Sky TV.Olivier said It is a great honour to be receiving this award as it such a great way of delivering a valuable message to young people.He was also keen to engage the business world, adding We would absolutely welcome business to become involved - whether this might be in helping to deliver a workshop or donating to the cause, there are a few ways that they could help.Olivier joins a host of other famous players in the Hall of Fame, including Rio Ferdinand and Gary Lineker. Ged Grebby, Chief Executive of Show Racism the Red Card, said Olivier is receiving Show Racism the Red Cards prestigious Hall of Fame award for his tireless work with the anti-racism campaign - hes a great ambassador for the campaign.Its fantastic that two other recipients of our Hall of Fame have agreed to present Olivier and I am sure both Les Ferdinand and John Beresford will get a warm reception from the crowd.This is a great opportunity for our exposure, as Sky TV will be broadcasting.Coutts bank have already shown their support after hosting the very first awards ceremony, and now Ged hopes to encourage more links with business. The recent launch of a hrefhttpbdaily.infonewsany-other-business12-09-2011showing-racism-the-red-card-at-workBusiness friends of Show Racism the Red Carda venture aims to attract support from the private sector.
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Tipster Four fatal sales mistakes
Posted on: 17/10/11
When you lose a sale there is a chance you may have made one of the four fatal sales mistakes. We have all done it at one time or another. Occasionally we get complacent and need to be aware of what we have done to lose a sale.
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Former Newcastle player shows racism the red card
Posted on: 14/10/11
Former Newcastle United ace Olivier Bernard has renewed calls for regional businesses to support anti-racism charity, Show Racism The Red Card.At this Sundays game against Tottenham Hotspur Olivier will be inducted into the charitys Hall of Fame for his tireless efforts to stop racism in schools.Newcastle favourites Les Ferdinand and John Beresford will be on hand to present the award in the centre circle, live on Sky TV.Olivier said It is a great honour to be receiving this award as it such a great way of delivering a valuable message to young people.He was also keen to engage the business world, adding We would absolutely welcome business to become involved - whether this might be in helping to deliver a workshop or donating to the cause, there are a few ways that they could help.Olivier joins a host of other famous players in the Hall of Fame, including Rio Ferdinand and Gary Lineker. Ged Grebby, Chief Executive of Show Racism the Red Card, said Olivier is receiving Show Racism the Red Cards prestigious Hall of Fame award for his tireless work with the anti-racism campaign - hes a great ambassador for the campaign.Its fantastic that two other recipients of our Hall of Fame have agreed to present Olivier and I am sure both Les Ferdinand and John Beresford will get a warm reception from the crowd.This is a great opportunity for our exposure, as Sky TV will be broadcasting.Coutts bank have already shown their support after hosting the very first awards ceremony, and now Ged hopes to encourage more links with business. The recent launch of a hrefhttpbdaily.infonewsany-other-business12-09-2011showing-racism-the-red-card-at-workBusiness friends of Show Racism the Red Carda venture aims to attract support from the private sector.
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Metrocentre celebrates 25th anniversary
Posted on: 14/10/11
It is 25 years since the Metrocentre opened its doors as Europes largest shopping and leisure centre.This weekend a mammoth fireworks display, thought to be the biggest the North East has ever seen, will mark the end of a series of celebrations that have been running all year. Bosses are inviting shoppers past, present and new to the event which will feature fairground rides for children and adults and live broadcasting by Metro and Magic Radio.A selection of the centres restaurants are also offering 25 discounts across the weekend.Tim Lamb, Metrocentre general manager, said We are very excited about our culmination showcase event to celebrate our 25th birthday.Its been a fantastic year for us, where we have been able to thank our loyal customers by giving them a series of fantastic money-cant-buy prizes, and experiences.This event is a massive thank you to everyone who has shopped, played and worked at the centre over the last 25 years - and we look forward to seeing a great turnout. Throughout the year, flashmobs, fashion shows, dance acts and the launch of Larger than Life, a series of giant metallic sculptures of shoppers, have helped to celebrate a quarter of a century of shopping.A series of whats in the bag competitions also gave customers the chance to win prizes such as a trip to the Monaco Grand Prix and £3,000 worth of Apple products. Gosforth-based charity, St Oswalds Hospice, is also celebrating its 25th birthday and will be hosting a Celebrity Strictly event on Sunday October 16. Since opening in 1986, Metrocentre has helped to create over 7000 jobs and now attracts almost 23 million visitors a year.It was one of the first British shopping malls to combine leisure and shopping, and after expanding to over 340 shops and three and a half miles of shop front, the centre continues to grow 25 years later. Friday Oct 14 Fairground rides start at 6.00pm and fireworks at 8.15pm.
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UK trade deficit is cut by higher exports
Posted on: 13/10/11
Figures show that the UKs trade deficit shrank in August, as exports of goods reached a record high.
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Man Group under pressure as markets edge higher
Posted on: 13/10/11
SourceURLfilelocalhostUsersruthmitchellDocumentsMicrosoft User DataSaved Attachments12 October 2011.docx
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Wealth of experience on offer at Oktoberfest
Posted on: 13/10/11
Oktoberfest 2011 takes place on Wednesday, October 19th and with a wealth of advice and support on offer to attendees, promises to be the best yet.
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Wear crossing will provide welcome new route into Sunderland, John Anderson CBE comments
Posted on: 13/10/11
Tomorrow marks the last chance for comments supporting the New Wear Crossing to be submitted to the Department for Transport.
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North East suffers as unemployment hits record high
Posted on: 12/10/11
Figures released this morning have revealed that unemployment in the North East has hit 11.3 - higher than any other part of the UK.
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BAE shines as markets pause for breath
Posted on: 12/10/11
Equity markets were slightly weaker this morning, suppressed by energy and mining companies as commodity prices retraced slightly following their strong rebound over the last week. Additionally, investors were perhaps apprehensive ahead of the Slovakian parliamentary vote to approve the expansion of the Eurozones rescue fund, the EFSF. Slovakia remains the last to vote on the issue, with the blocs other 16 nations having already agreed the measures. Whilst three of the four parties in the governing coalition were behind the vote, the Freedom and Solidarity party announced it would abstain, viewing their countrys contribution as unfair given they are the poorest nation in the single currency.
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Sunderland software company celebrates international success
Posted on: 12/10/11
A North East IT business specialising in interactive screen technology is celebrating the opening of two new offices in Saudi Arabia, as well as two new UK products.
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Markets higher on Merkel-Sarkozy promise
Posted on: 11/10/11
Investors sought some comfort from European developments over the weekend markets buoyed by a promise of action by the French and German leaders. Following a meeting in Berlin yesterday, Angela Merkel and Nicolas Sarkozy announced that their goal was to come up with a plan for Greece, the wider European sovereign debt crisis and bank recapitalisation before the next G20 summit in early November, although details were lacking.
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Double celebration for young design agency
Posted on: 11/10/11
A fledgling branding and design agency in Gateshead has picked up both a gold and silver award at a top creative industry event only 8 months into its first year of business.
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2010 Women Into The Network Best Social Enterprise winner Deloris Martin from Sunderland Dance CIC talks to bdaily
Posted on: 11/10/11
Deloris Martin from Sunderland Dance CIC collected the Women Into The Network Best Social Enterprise awatd in 2010. She tells bdaily about her business, what winning the award meant for herself and her company whilst she also explains what benefits her association with WIN has brought.
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Tipster Time for pipe and slippers
Posted on: 11/10/11
Someone recently suggested to the Tipster that it was time to grow old gracefully and put on the pipe and slippers. In many ways they were right but there is an automatic assumption that as we get older we should slow down. There is an element of truth but at the same time if you look around at many high achievers you will see that one of the reasons for their success is that they have never accepted the norm.
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Entertainers reunite for charity football game
Posted on: 10/10/11
Former footballers who graced St James Park in the 1990s reunited on Sunday to take part in a football game that benefited five charities. NSPCC, Alan Shearer Activity Centre, Childrens Heart Unit Fund, Sir Bobby Robson Foundation and Pathways all benefited from ticket sales and sponsorship from local businesses.
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Lloyds and RBS under pressure following credit downgrade
Posted on: 10/10/11
The major pre market news to accompany the end of the week once again came in the form of a credit ratings agency downgrade. In the firing line this time were UK financials, with 12 banks and building societies seeing their ratings reduced. Lloyds was subject to a one notch downgrade from AA3 to A1, on the same day that the state owned bank also featured in a Financial Times article suggesting a recapitalisation was needed. RBS was cut by two notches from AA3 to A2, with Santander UK, the Co-Operative Bank and Nationwide building society also negatively rerated. Moodys cited a decreased likelihood for government support for the smaller and less systemically important institutions, emphasising that the downgrade was not a reflection of a deteriorating banking system, or indeed the UK government.
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Optimism falls to 2009 recession levels
Posted on: 10/10/11
Optimism among the chief financial officers of major UK businesses has fallen to its lowest level since early 2009.
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Tipster Steps for cold calling success
Posted on: 10/10/11
During our training courses a lot of the attendees have to cold call to generate new opportunities and new business most of them prefer not to do it. However using the phone can be the quickest and most effective way to reach your target clients.
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Whats on this weekend 7th-9th October
Posted on: 07/10/11
This weeks top pick Kielder Marathon Weekend. Leaplish Waterside Park. October 8-9. The Kielder Marathon weekend of events includes the Kielder 10K, Marathon and Run Bike Run. This relay event gives teams of three or individuals the chance to tackle the Lakeside Way, the Kielder Marathon course that encircles the shoreline of the lake, in three stages an 11k run, a 26km cycle ride and finally 5km sprint. Junior Runs and races will take place for younger children. The Kielder marathon, taking place on Sunday, has been described as Britains most beautiful marathon. Music TUSK Festival - The Cluny and The Star and Shadow. October 7-9. Tickets £32 weekend A real coup for Newcastle, TUSK festival brings an unrivalled line-up of experimental international music across three days, and at two of the citys best venues. The ideal festival to give you sample of contemporary sounds, from the blissful drone of Grouper, to the pioneering noise of John Duncan. The bill also includes panel discussions and talks, as well as stalls offering unique artwork and rare records. Theatre The Gondoliers - Middlesbrough Theatre. Fri October 7. 7.15pm. Tickets £12. Tees Valley Gilbert Sullivan Society celebrate their 40th anniversary with this production, set in Venice, with a typical cast of colourful characters. A biting satire of the snobbery regarding class distinctions, The Gondoliers follows two, just married, Venetian gondoliers as they are informed by the Grand Inquisitor that one of them has just become the King of Barataria, but only their foster mother, presently at large, knows which one. Expect memorable music. CinemaDont Be Afraid Of The Dark 15 - Odeon Silverlink. Sunday October 9. 2pm, 4.30pm, 7pm and 9.30pm. Remake of the 1973 horror, where a family move into a 19th century Rhode Island Mansion and are terrorised by strange creatures. Co-written and produced by Guillermo del Toro, and directed by comic book artist Troy Nixey, this film promises to be an atmospheric and creepy treat for fans of horrors. Starring Guy Pearce and Katie Holmes. Museums and Exhibitions Hartlepool Maritime Experience - Hartlepool. October 7-9. 10am-5pm. Tickets adults £8.25, concessions £6.25, family 2+3 £24. Experience this superb re-creation of an 18th century seaport that recalls the life time of Nelson, Napoleon and the Battle of Trafalgar. Harboured at the Quay is HMS Trincomaee, the oldest British warship still afloat, with its towering structure and thundering cannons. On shore you can sample the interesting range of period shop and buildings including an authentic chandler, gunsmith, swordsmith, naval tailor, architect, printer and even the impressive Admirals House. Quayside guides, in full period costume, displays of musketry, cannon firing and sword fighting are regular fixtures. Family Woodhorn Museum and Gardens - Queen Elizabeth II Country Park, Ashington. Free admission, £3 all day parking. Take a walk or a cycle around the lake delve into the Northumberland Archives, with over 800 years of the countys history, or enjoy a trip on the Woodhorn Railway Societys Narrow Gauge Train. On Sundays a crafternoon takes place between 12pm and 3pm with an artist-led session on crafts, and free demonstrations of the winding house take place between 11.30am and 3pm across the weekend. Food and Drink Northumbria Food Wine Festival 2011 - Tynedale Park, Corbridge. October 7-9. Tickets £20 advance, and £25 on the door. The North Easts biggest wine and gastronomic event features great cooking from the likes of Sachins and The Feathers Inn . Three days of tasting, buying, talks and live music will take place as pop-up restaurants producers and retailers from across the region share their high quality produce with guests. The festival aims to educate, and allow people to discover new facts about food and wine, as well as sample lots of new tastes. Italian Prosecco producers Fasol Menin will exhibit, along with the Newcastle Wine School, more locally. And despite the boozy line-up, the event will cater towards families too. Sport The Entertainers - Kingston Park. Sunday October 9. 1.30pm. Tickets £10 adults £5 children. Watch one of the most flamboyant teams in Newcastle Uniteds history as they re-run their epic 4-3 encounter with Liverpool. Kevin Keegan and his assistant Terry McDermott will parade their Entertainers, led by Alan Shearer at Kingston Park. Joining them will be stars such as Les Ferdinand, John Beresford and Pavel Srnicek. Liverpool also bring the likes of Rob Jones, Ian Rush and Mark Wright, led by Roy Evans. It is a match that has been in the planning for years, and promises a classic piece of Tyneside nostalgia for football fans.
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Members save Newcastle Business Forums
Posted on: 07/10/11
The members of the Newcastle Business Forums have unanimously voted to save the organization, which was facing closure due to council cuts.
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New audit proposals could save UK SMEs millions
Posted on: 07/10/11
New government proposals could save thousands of UK businesses in excess of £600 million in accountancy and administration costs, under new plans to reduce financial reporting requirements.
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Tipster Oh come on referee
Posted on: 07/10/11
The issue of giving a reference is always a vexed one. Do you-
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Business community applaud PMs party speech
Posted on: 06/10/11
The business community yesterday applauded the Prime Ministers closing speech at the Conservative Party Conference, in which he shared his visions of a deregulated economy.
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Optimism among North East businesses
Posted on: 05/10/11
A high proportion of businesses in the North East are remaining confident, despite falling optimism across the rest of the UK.Research by Grant Thornton shows that more than a quarter of businesses in the North see opportunities ahead with 26 expecting exports to grow over the next year.The firms International Business Report also shows that 59 of Northern businesses are expecting to increase turnover in the next 12 months.Almost half expect profits to grow, and 36 expect to create more jobs.Jonathan Riley, senior partner for Grant Thornton in the North East, said Since July, the intensity of bad news in the eurozone and the growing pressure on consumer disposable income has meant that many feel that the light at the end of the tunnel is not getting any closer.
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Construction and property sectors suffer increased administrations
Posted on: 05/10/11
The number of construction and property companies falling intoadministration increased by 11 in the third quarter of this year.Dan Butters, partner in real estate at Deloitte in the North East,believes that rising energy prices and significant cuts to public andprivate sector building projects have brought many projects to a halt.He said The next quarter is going to continue to be tough for theconstruction sector and will particularly hit medium sized firms asopposed to the larger national contractors.
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IoD reaction to revised growth figures
Posted on: 05/10/11
The Institute of Directors has reacted to the revised growth figures, calling on the government to launch QE2.
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North East SMEs are still feeling positive, says report
Posted on: 05/10/11
Despite difficulties in the current economic climate, 97 of all North East SMEs still have ambitious plans for growth.
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Tesco shines but FTSE breaks below 5,000 points on Greek bailout fears
Posted on: 05/10/11
Eurozone worries were driving markets lower this morning as news broke that the blocs Finance Ministers had delayed a decision as to whether to release the next tranche of bailout funds to Greece. The signing off of the next 8bn of funds was previously anticipated to occur during a meeting on the 13thOctober, however this has now been cancelled. Adding to woes were comments from the BNP Parisbas CEO who, speaking at a Bank of America Merrill Lynch conference in London, stated that numerous EU banks need to be recapitalised.
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Added value at OKTOBERFEST 2011
Posted on: 05/10/11
Participants at this years Oktoberfest are set to reap further benefits with the addition of an exclusive professional services section.
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Local housing association provides IT advice
Posted on: 04/10/11
Cestria Community Housing is becoming increasingly recognised as aleader in integrated information technology, after investing in numberof new IT systems.Businesses from across the country are turning to Chester-le-Streetbased Cestria as they offer advice on how new technology can improveefficiency.They are finding out how technology company Northgates automatedworkflow system, Task Manager has helped improve customer service,with the most recent visit from housing association South Essex Homes.SEH staff were impressed by Cestrias website, especially the self-service Rents Online system, which allows tenants to access theiraccount through the internet and for performance data to be sharedacross the organisation.IT Project Coordinator at SEH David Whalley said We recently visitedCestria and were impressed with the way their IT systems have improvedefficiency and customer service.
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Credit easing scheme welcomed by PwC
Posted on: 04/10/11
PriceWaterhouseCoopers have welcomed the chancellors plans to introduce a new credit easing scheme for businesses.
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BT power outages causes business mayhem
Posted on: 04/10/11
Thousands of UK businesses were left without internet yesterday, due to a nationwide BT power-outage.
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2010 Women Into The Network Best Creative Business winner Joanna Feeley from Trend Bible talks to bdaily
Posted on: 04/10/11
Joanna Feeley from Trend Bible collected the Women Into The Network Best Creative Business award in 2010. She tells Bdaily about her business, what winning the award meant for herself and her company whilst she also explains what benefits her association with WIN has brought.
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20 years of The Big Issue on North East streets
Posted on: 03/10/11
The Big Issue is celebrating twenty years since its first edition, whilstalso welcoming a new era of distribution across the NorthEast.Newly appointed regional distribution manager Mark Shipperlee,will be working with over 70 of the regions vendors, acrossMiddlebrough, Newcastle, Carlisle and Berwick.He brings with him a wealth of international experience in workingwith vulnerable groups and street-papers, and is looking forward tothe challenge of using his expertise to effect in the North East.
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Member News Its not all doom and gloom in Amble 6 months on
Posted on: 03/10/11
Businesses in Amble are already feeling gloomy over the pending arrival of a Tesco supermarket to the area in 2012, but one local business is riding against the tide.
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Stocks turn negative, heading into the weekend Latest market Analysis
Posted on: 03/10/11
Another, now commonplace, rollercoaster ride of a week for investors ended on a down note, as the FTSE 100 fell 1.3, to close 68.4 points lower at 5128.5. That meant that despite Tuesdays fantastic leap of roughly 4, the blue chip index gained just 62 points, 1.2 over the week.
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University awarded £518,000 grant to develop green vehicle technology
Posted on: 03/10/11
A team of engineers from Newcastle University have been awarded a £518,000 grant to develop an innovative now motor for electric vehicles.
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Law firms witness lacklustre growth
Posted on: 03/10/11
Law firms continue to be hit by difficult economic conditions, despite an overall increase in revenues.
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Member News Changes to the rights of the temp
Posted on: 03/10/11
The Agency Workers Regulations AWR and implementation of the Agency Workers Directive is the most significant legislation ever to hit the UKs private recruitment industry it will change the recruitment landscape forever, the new regulations will take effect from 1st October 2011.
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Tipster Cold calling scares me
Posted on: 03/10/11
I met some great people over in Wigan this week at the DW Stadium. The staff at the stadium are first class and certainly deliver a premier performance a pun for Monday morning. They make everyone feel important which is what I believe to be one of the secrets of success - MMFI Make me feel important. What doesnt make me feel important is the thought of cold calling and I sometimes find other things to do. This happens to me once in a while, in fact it happens to me a lot, when I cant be bothered or I am just not motivated to start cold calling. I have found over the years that three little tips I learnt help me overcome my cold call reluctance. Click a hrefhttpwww.arrowsales.co.uksecretscold-calling-scares-meherea for the three tips.
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Sunderland regeneration scheme to create hundreds of jobs.
Posted on: 30/09/11
Hundreds of jobs are set to be created in Sunderland, after a multi millionpound regeneration scheme was given the go ahead by planning officials.Work could start as early as Spring 2012 on the plans to develop the run-downformer Jennings site at North Hylton Road,Verum Victum Ltd will turn the 15,700 sq m derelict site into a foodstore, drive-through restaurant, shops, office space and other services.An estimated 250 jobs will result from the £10m development and Verumhas praised Sunderland Council, saying it showed vision andforesight.Project manager, Roy Kenny, said The former Jennings Motor Groupsite has been an eyesore for many years and our development will notonly improve the facilities available to nearby residents but willalso create a significant number of full and part-time jobs.
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The FTSE slips as fears of a Chinese economic slowdown offset better than expected US employment data
Posted on: 30/09/11
The FTSE 100 closed down 20.79 points at 5196.84, underperforming leading indices in Europe and the United States. UK investors seeming failed to draw inspiration from improved economic data from the US, as weekly jobless claims fell by 37,000. In addition the US gross domestic product reading for the second quarter was marginally revised upwards thus lessening recession fears.
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More efficient expenses processes needed, says expert
Posted on: 30/09/11
Employees are being left out of pocket by inefficient expenses processes present in many workplaces.
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Whats on this weekend 30th September - 2nd October
Posted on: 30/09/11
This weeks top pick
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New apprentice scheme for Northumberland
Posted on: 30/09/11
Bernicia has launched a new apprentice scheme in Northumberland in a bid to build strong sustainable communities in the area.
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Millibands Dragons Den tax detrimental to wealth creation
Posted on: 29/09/11
A business angel with more than £10m invested in companies across the North East has slammed Labour proposals for a Dragons Den tax.
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Man group suffers amid turbulent financial markets
Posted on: 29/09/11
Equity markets opened lower this morning as banking and mining stocks lost some ground following the strong rebound seen yesterday. The FTSE 100 was initially off around 50 points although ventured into positive territory late morning before falling more substantially throughout the afternoon.
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Tyneside restaurant celebrates first birthday
Posted on: 29/09/11
A Tyneside restaurateur is celebrating his first successful year of business in North Shields, and is now calling on other businesses to come to the area.
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Government has no clear business orientation says outgoing IoD director
Posted on: 28/09/11
In his final speech to the Institute of Directors, outgoing director Miles Templeman has made a damning speech against the government.
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Smartphone owners must beware fraudsters, says Expert
Posted on: 28/09/11
As the popularity of smartphones continues to grow within the business world, so does the risk they pose to their owner.
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Markets surge as commodities rebound
Posted on: 28/09/11
Equity markets began trading strongly this morning, risk sentiment boosted by comment from the European Central Bank that an extension of the EFSF, the regions bailout fund, was being considered. ECB Governing Council member Ewald Nowotny made the suggestion at Harvard University yesterday evening, however he added that it might not be a trillion Euros, a detail that seemed to have been overlooked given that market rumours had previously hinted towards a 2 trillion figure. The markets positive reaction also came on a day that saw the German finance minister Wolfgang Schaeuble describe an increase in the EFSF as a silly idea.
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Government consultation for SME finance nearing close
Posted on: 28/09/11
A government consultation into investment boost plans for SMEs is nearing its close and businesses are being given a last chance to comment on the proposals.
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Coco Moon expands singles service into Tees Valley
Posted on: 27/09/11
A Newcastle-based bespoke dating agency for busy single professionals is expanding into the Tees Valley.
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FTSE ends higher despite continuing commodity slide
Posted on: 27/09/11
The FTSE 100 was a noticeable underperformer among European equity markets this morning, its weighting towards commodity stocks initially dragging it lower by around 1.7 as commodities suffered their fourth straight day of losses. Gold and silver finished a volatile day of trade lower by around 3 although gold reached a low of around 1530 per ounce prior to the European open, before closing at 1612, whilst silver was at one stage off more than 6. The raising of margin requirements by the Chicago Mercantile Exchange CME Group was detrimental to the precious metals, as again investors had to liquidate holdings to fund open positions. Copper also fell more than 6 at one stage, its sub-7,000 price representing the lowest in 15months. The CAC and DAX began in positive territory as suggestions were made that a rescue plan for Greece had emerged from talks with the IMF.
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Tipster If a worker makes no holiday request during long term sick leave are they still entitled to statutory holiday pay
Posted on: 27/09/11
As part of a new feature bdaily will provide regular quick tips that have been contributed by businesses. Today, David Gibson from Crutes Law Firm, a regular contributor, enlightens us on the following topic
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Search begins for North Easts finest building
Posted on: 26/09/11
The Royal Institution of Chartered Surveyors has announced the return of theOscars of the property and construction sector to the North East.A nine month hunt will now take place to find the top contenders forthe 2012 RICS North East Renaissance Awards.The campaign was launched in Sport Central, Northumbria Universitys£30m city centre development which won the Project of the Year titleat this years awards.Speaking at the launch, managing director of the Hanro Group andmember of the RICS North East judging panel, Adam Serfontein MRICS,said All property professionals who are passionate about their workshould enter a project into the awards.A shortlisting or a win can bring great recognition for individualsand companies but the awards also help to raise the profile of ourwork in the region.Over 80 entries were received in this years awards, which showcasedthe regions top projects and highlight the achievements and successof all property professionals working in the built environments.The 2012 round of prizes will introduce a new category to reflectchanges that have taken place in the construction industry.Infrastructure will replace the sustainability category, as nowsustainable features are less exceptional in buildings, and morecommon place.Those projects delivering essential facilities, services ororganisational structures, including transport, energy, water,sewerage, education and health, will be covered by the new category.Mr Serfontein went on to say We are really excited about the launchof this years awards, not least because of the new infrastructurecategory and the interesting range of projects we hope it will attract.As the judging process gets under way, next years winners are set tobe announced at a black tie dinner on Friday April 27, atthe Civic Centre.
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3000 jobs set to go at BAE Systems
Posted on: 26/09/11
BAE Systems is set to announce up to 3,000 redundancies, in the wake of defence budget cuts, which have seen the defence giant struggle to secure new orders for its European Typhoon combat jet.
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Final chance to win tickets to The Northumbria Food Wine Festival
Posted on: 26/09/11
The Northumbria Food Wines Festival takes place on 7th-9th October 2011 and Bdaily has a final pair of tickets to give away to a lucky reader.
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International print festival comes to the North East
Posted on: 26/09/11
Newcastle played host to the UKs only major printmaking event thisweekend, with support from local and national businesses.
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UK gains international recognition for efforts to reduce carbon emissions
Posted on: 26/09/11
The efforts of British businesses to reduce carbon emissions have been recognised internationally, after the UK was named as one of the top countries working towards reducing carbon emissions.
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Tipster A few phrases to close the sale
Posted on: 26/09/11
As part of a new feature bdaily will provide regular quick tips that have been contributed by businesses. Today, Michael McMeekin from Arrow Sales gives his top tips around closing a sale
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Snap up some tickets to launch of new gastro bar
Posted on: 23/09/11
Weve teamed up with Newcastles new Canadian gastro bar, Shark Club, to offer one lucky person a pair of tickets to the venues exclusive VIP launch night on 20th October, plus a meal for two to the combined value of £40 and a bottle of house Champagne. Shark Club, situated on the ground floor of the new Sandman Signature hotel opposite St James Park, is a contemporary venue featuring 40HD flat screen TVs, a large projector, dance floor, VIP room and a heated outside terrace. The venues cool lounge is the best place to watch the game, outside of the game. Shark Club also boasts a diverse menu that fuses together a mix of Asian, Italian and Mid-West Canadian food. Signature dishes include Ahi Tuna Tacos, Chicken and Brie Sliders, King Shark Back Ribs and the mighty Shark Platter. The venue opened earlier this month and will be hosting an exclusive launch party in October, which looks set to be a glamorous affair with a host of North East sports stars and celebrities, along with entertainment and complimentary food and drink. To win tickets to the VIP night, answer this question what is the capital of Canada
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Mergers and acquisitions at new low
Posted on: 23/09/11
British mergers and acquisitions have dropped dramatically to levels that are the lowest since the 90s.Research analysed by Grant Thornton has shown that 402 MA transactions worth a total £23.8m have been recorded in the third quarter of 2011 one third below the previous quarter.Ian Marwood, corporate finance partner for Grant Thornton in Yorkshire and the North East, said Even though it is normal for deal activity to drop in the third quarter, the latest statistics show a drop in the number of takeover bids from domestic, foreign and private equity bidders compared to both the previous quarter and the previous year.
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North East climate change website launched
Posted on: 23/09/11
A new website providing information for business on climate change issues has been launched in response to demand from North East companies.
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Business leader takes the new Nissan LEAF for a spin
Posted on: 23/09/11
Paul McEldon, chief executive at the North East BIC, tested out the new Nissan LEAF, as part of an investigation into the regions developing low carbon economy for the BICs Innovator publication.
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Asbestos industry buyout grows North East firm
Posted on: 22/09/11
A North East asbestos management firm has taken over a key industry rival, and looks set to take on new clients across the country as a result.Lucion Environmental recently acquired Tyneside based AOH Limited for an undisclosed six-figure sum.The acquisition will give Lucion a presence in the East Midlands, to compliment existing offices in Crawley, Wolverhampton, Chester, Lisburn, and headquarters in Gateshead.30 staff will make the transition from AOH to Lucion, bringing the total workforce of the firm to 85, and raising the turnover from £4m to £5.5m.Founder and managing director Dr Patrick Morton remarked that this move would allow Lucion to expand at a much faster rate.He said AOH is a long-establioshed, solid and well regarded name within our industry, and our ambition is to enhance the services offered by their offices, by adding our own brand of dynamism and forward thinking attitudes.
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Middlesbrough entrepreneurs pioneer new market research tool
Posted on: 22/09/11
An innovative new market research tool is being pioneered in the regionby two Middlesbrough based entrepreneurs.
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Online legal service launches
Posted on: 22/09/11
On Tuesday night bdaily went down to Cargo Fleet, Middlesbrough to witness the launch of Particular.Pro, anew online legal support service has been launched which provides subscribers with information to help them expand their knowledge of legal business and commercial issues.
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Tipster Is an elephant really an elephant
Posted on: 22/09/11
As part of a new feature bdaily will provide regular quick tips that have been contributed by businesses. Today, Andrew Gibson from Crutes Law Firm, a regular contributor, enlightens us on the following topic
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Prepare for Olympic absentees says business expert
Posted on: 21/09/11
Employers need to start preparing for unprecedented numbers of absentees next summer, as experts predict high numbers of employees will call in sick to watch the Olympic games.
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NECC form training partnership with local college
Posted on: 20/09/11
Tyne Metropolitan College is celebrating after winning a hard fought bid to provide training for the NECC.A range of business support programmes, including Train the Trainer, Emotional Intelligence and Marketing and PR will be delivered as part of the new contract.Director of Business Development at TyneMet, Vic Reid, successfully led the college through a tough and highly competitive selection process.He said We are absolutely delighted to have secured this contract with NECC and look forward to working in partnership with them delivering high quality training courses to support their members.The college was selected for its growing reputation within the business community for delivering training solutions, which was supported by a recent Ofsted report.John Millichap, Head of Skills Development at the NECC, commented As a Chamber of Commerce our number one priority is helping business thrive and prosper.
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Deloitte welcomes executive pay proposals
Posted on: 20/09/11
Deloitte have welcomed the proposals set out in the governments executive remuneration discussion paper, but recognises much work has still to be done to achieve best practices.
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Health centre proposals for Gateshead town centre
Posted on: 20/09/11
The transformation of Gateshead has taken another step forward as councillors consider applications for two health centres in the town.
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Markets and commodities slide amid European fears - Latest Market Analysis
Posted on: 20/09/11
Following a modest relief rally last week, equity markets tumbled on Monday as investors fretted as to whether Greece would qualify for the further financial assistance required to prevent its default. Wider political worries were also evident as a weekend meeting of European finance ministers lacked any positive contribution. As has been typical of late, they delayed the decision over more Greek funding into October. Further, local election defeats for Angela Merkels CDU party in Germany highlighted deepening political divides within the Eurozone.
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The 2010 Women Into the Network Best New Business winner Jo Foster talks to bdaily
Posted on: 20/09/11
Jo Foster won the Women Into the Network Best New Business award, sponsored by The Federation of Small Businesses, in 2010. She tells bdaily about her business, Dillies, what winning the award did for her and the company and also explains what benefits WIN can bring.
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Should we plan for the worst
Posted on: 20/09/11
Last week, bdaily posed the following question to readersDoes your business strategic plan include a provision which outlines what happens to the business in the event of your death
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Former factory given creative lease of life
Posted on: 19/09/11
It was once where sweets were made, now it will be a £6 million hub for creative industries at the mouth of Newcastles Ouseburn Valley.
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Newcastle design company celebrate second investment
Posted on: 19/09/11
A Newcastle based design company is celebrating after securing its second round of investment to help grow their business
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Executive pay deals should not be politicized, say IoD
Posted on: 19/09/11
The Director General of the Institute of Directors has responded to Vince Cables speech at the Liberal Democrat Party Conference.
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Another chance to win a pair of tickets for The Northumbria Food Wine Festival
Posted on: 19/09/11
The Northumbria Food Wine Festival takes place on 7th-9th October 2011 and Bdaily has another pair of tickets to give away to a lucky reader.
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Markets end the week higher - Latest Market Analysis
Posted on: 19/09/11
The positive momentum from yesterdays concerted central bank liquidity program was evident in Friday trade. The unprecedented appearance of US Treasury Secretary Timothy Geithner at a meeting of European finance ministers in Poland also added to hopes that some form of coordinated and lasting solution to European debt problems may in fact be realised. It was anticipated that Mr Geithner would urge ministers to increase the size of Europes stability fund, the EFSF. European markets were buoyed, the FTSE 100 trending between its 5338 point opening level and 5400, the latter providing a resistance barrier that the market seemed unwilling to breach.
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2250 Jobs created by purchase of Southern Cross Care Homes
Posted on: 16/09/11
2250 jobs are set to be created in the social care sector, thanks to the purchase of 35 Southern Cross care homes by a Leeds-based care group.
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Northumbria Food and Wine Festival
Posted on: 16/09/11
Calling all food lovers the bdaily has three pair of tickets to give away for the first ever Northumbria Food and Wine Festival. Look out for opportunities to win on our daily bulletin and across the site.Showcasing the finest kitchens, producers and retailers from across the North of England, the Northumbria Food and Wine Festival is will feature a fantastic array of pop-up restaurants, cookery demonstrations, live music, wine talks and tasting.Visitors at the festival will be given the opportunity to learn about food and drink, sample fantastic produce and to purchase top quality food and drink.Organiser Stuart Colmer decided to start the event after growing tired of travelling to London for wine exhibitions, and decided it was time people could enjoy a quality event in the North East.He said What were trying is something different, were offering this great food and wine experience in the North East where people can really learn.The festival takes place between 7-9 October at Tynedale Park, Northumberland and will feature exhibits from the likes of The Feathers Inn who have just won Best Gastro Pub in Yorkshire and North East Region 2011 and Great British Pub of the Year.Owner and Chef Rhian Cradock was excited to be working with the festival.He said I love getting out from behind the kitchen and meeting people and talking with them about my two favourite subjects, food and wineAs for drink, wine merchants Fasol Menin come from the heart of Prosecco growing area, Valdobbiadene.The winery has won awards for both its Cama and Leonte proseccos, which are now available through the vineyards UK partner Stuart Colmer.Tasting master classes will be held by Newcastle Wine School and respected wine writer and educator Helen Savage will give talks.Sponsorship for the event comes from Tynedale Rugby Club, the Hexham Courant and Strategies to Solutions.Tickets are £20 ata hrefhttpwww.northumbriafoodandwinefestival.co.ukwww.northumbriafoodandwinefestival.co.uka,which has more information on events taking place over the weekend.
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Markets surge on central bank lending - Latest Market Analysis
Posted on: 16/09/11
Markets continued their upward surge in early trade, as comment from the Merkel, Sarzozy Papandreou conference call last night reassured investors that Greece would not be subject to a disorderly default. It was confirmed by the leaders of Europes two largest nations that Greece was integral to the eurozone, with Greece reiterating its commitment to deficit reduction. Additionally and following Italys disappointing bond auction on Tuesday, this mornings Spanish debt issue went relatively well, helping markets across Europe add around 2.
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Darlington firm set for expansion thanks to Bank investment
Posted on: 16/09/11
A Darlington based recycling firm is set to create new jobs and improve efficiency this Autumn thanks to an expansion of their site.
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The North East celebrates the 30th Great North Run
Posted on: 15/09/11
54,000 runners will flock to the region this weekend in preparation for the 30th Bupa Great North Run, the worlds biggest half-marathon.
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Languages expert celebrates awards success
Posted on: 15/09/11
A North East sales manager has been awarded with a top export award for the second time, all thanks to her language skills.
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North East hit hard as unemployment levels rise
Posted on: 14/09/11
Unemployment levels have risen again, with latest figures showing 2.51million people across the UK are out of work.The North East is one of the areas hardest hit, with an unemployment rate of10.7 percent, higher than anywhere else in the country. This figure is alsothe highest unemployment rate of any region since 1997.
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North East Employment figures show dip in recruitment
Posted on: 14/09/11
Latest employment outlook figures for the North East show a sharp drop, as increasing numbers of employers in the region reveal they will not be recruiting in the next three months.
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Merkel reassurance lifts markets - Latest market analysis
Posted on: 14/09/11
Markets opened in positive territory in early trade after it was reported that Chinas largest sovereign wealth fund was in discussion with Rome regarding a significant purchases of Italian debt. Whilst Asian equities were buoyed overnight on this potential development, the boost was short lived as the prospect was dismissed as unlikely. European markets soon found themselves slipping into the red, Italy once again in the spotlight as a 3.9billion 5 year tranche of government debt was auctioned off at 5.6. The yield represents the the highest in Italys Eurozone history and was described as enormous by some commentators. Combined with a low bid-cover ratio, i.e. the ratio between the number of bids to securities sold, the auction suggested a lack of appetite amid continued Eurozone worries.
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How can an organisation improve its handling of information
Posted on: 14/09/11
How an organisation chooses to organise its information depends upon many factors. For some organisations the choice can appear to be relatively straight forward, for example, in a highly regulated industry such as pharmaceuticals a company has to demonstrate the management of information and documents to the highest standards. For others a simple structured filing system provides the control they require.
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Newcastle Science City business mentor Matt Hindhaugh explains some of the work thats going on behind the scenes to bring to life the citys Science Central site
Posted on: 14/09/11
The buy-out of the Science Central site by Newcastle University and Newcastle City Council last month marked a major milestone clearing the way for further development and construction.
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North East businessman joins PMs Russian delegation
Posted on: 13/09/11
The Chairman of a North East environmental engineering firm has joined PM David Cameron on a business delegation to Russia.Geoff Turnbull, founder of the GT Group will join executives from BP, Rolls-Royce and London Stock Exchange on the trip, during which David Cameron hopes to bolster ties with Russian the Russian government.GT Group has recently formed Russian links of its own, receiving a £50m contract from Gaz Group, the countrys leading automotive manufacturer.Mr Turnbull now hopes this visit will allow the GT Group to introduce itself and discuss further business opportunities between the two countries.He said GT Group is proud to have been chosen to join the Prime Ministers Russian trade delegation and to meet influential business and political leaders.
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NECC respond to latest Inflation figures
Posted on: 13/09/11
The annual inflation rate rose to 4.5 in August, according tofigures released today by the Office for National Statistics.
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Euro Woes Drag Down FTSE Again Latest Market Analysis
Posted on: 13/09/11
It was another difficult start to the week for investors on Monday, with Europes debt issues once again occupying most minds. Greece admitted that without the bailout funds, agreed in July but not yet received, it would run out of cash in early October. With the Germans in particular adopting a more aggressive stance of late, markets appeared to be pricing in a greater chance of the emergency funds being held back.
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Double success for Muckle LLP
Posted on: 13/09/11
Muckle LLP are celebrating after the commercial law firm was named Corporate Firm of the Year at the North East Insider Dealmakers Awards 2011 for the fourth year in a row.
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Tipster Victims of discrimination may enforce full award against any of the discriminators
Posted on: 13/09/11
As part of a new feature bdaily will provide regular business tips that have been contributed by our readers. Today, Crutes Law Firm, a regular contributor, enlighten us on the following topic
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AP Group complete £55 million contract
Posted on: 12/09/11
The Tyne waved goodbye to part of Britains biggest ever warship thisweekend, as it made its way up to Scotland.AP Groups shipyard at Hebburn was the only North East yard to be involvedin the building of the HMS Queen Elizabeth, which is being assembled inRosyth, Scotland.Part of the flight deck and hangar were completed five weeks ahead ofschedule at AP before the huge metal structures weighing 3000 tonnes wereloaded on to barge AMT Commander, two days earlier than anticipated.Darren Brown, AP Tyne Project Director, said We completed the sectionsahead of schedule and even finished the load-out in 10 days instead of 12.
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Win a pair of tickets to the Northumbria Food Wine Festival
Posted on: 12/09/11
The Northumbria Food Wine Festival takes place on 7th-9th October 2011 and Bdaily has a pair of tickets to give away each week to a lucky reader.
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Better Business Finance Helping SMEs prosper or just another initiative
Posted on: 12/09/11
In July, bdaily headed down to the Better Business Finance event at the Hilton Hotel, Gateshead to hear about the latest initiative offering help to SMEs.
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Stocks End Week With Another Slide Latest Market Analysis
Posted on: 12/09/11
As another week drew to a close it was on a down beat note that investors headed off for their weekends. US markets, which were generally focused on commemorating those who lost their lives 10 years ago in the 911 attacks, took their lead from Europe, and as far as bad news and rumours were concerned, Europe certainly delivered.
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Angela Anderson from Zenith People on If you throw enough mud at the wall some of it will stick
Posted on: 12/09/11
Recruitment can be an up and down industry. There are many fantastic recruitment companies out there employing exceptional consultants, but more and more often we come across companies with such poor processes and culture that theyre giving the industry a reputation for poor quality, flawed practices and an anything to make a quick buck mentality.
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New hotel creates 200 jobs for Newcastle
Posted on: 09/09/11
200 jobs have been created as a leading Canadian hotel chain has opened its first UK site in Newcastle this week.
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Theatre Royal reopens after restoration
Posted on: 09/09/11
This Monday sees the grand reopening of Newcastle Theatre Royal, following six months of restoration work.
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New surveying firm for Darlington
Posted on: 24/08/11
A local engineer has set up a surveying company in Darlington specialising in construction-based engineering services.
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Dickinson Dees celebrates new educational partnership
Posted on: 24/08/11
Dickinson Dees have been awarded a contract to provide legal services and advice to Leeds City College, one of the largest further education colleges in the UK.
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More women needed in the boardroom
Posted on: 24/08/11
A leadership expert is calling for more women to be promoted to top jobs in business as they have a stronger social conscience, and are more sensitive to suffering.
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Member News Ladies and Gentlemen, welcome to Dennis Rose.
Posted on: 23/08/11
The Dennis Rose launch date is creeping closer and closer, and we think its about time we tell you who we are and what we aim to achieve. Dennis Rose are a unique Marketing and Public Relations agency based in Newcastle upon Tyne.
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FTSE higher despite continued banking woes-Latest Market Analysis
Posted on: 23/08/11
Markets were anticipated to begin the week lower on Monday as German Chancellor Angela Merkel furthered her stance on Eurobonds in a television interview over the weekend. She stated that a common bond guaranteed by all members of the currency bloc was the wrong answer that would lead to a debt union and not a stability union. She also suggested that politicians should not be bullied by the markets, comments that have previously led to dramatic negative reactions by investors.
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Investing for Growth gives manufacturing a boost
Posted on: 23/08/11
A North East manufacturer is expanding rapidly thanks to backing from Yorkshire Banks Investing for Growth Initiative.
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Business Leaders Column The future of science is in our hands from Linda Conlon, Chief Executive, Centre for Life and Chair, NewcastleScienceFest
Posted on: 23/08/11
If this doesnt get kids switched onto Science, then I dont know what will This unbridled enthusiasm wasnt prompted by the latest television series from Brian Cox, but by a North East initiative thats grown from small beginnings in 2003 to a nationally recognised festival. This years Newcastle ScienceFest proved to be the most successful to date with over 60,000 people taking part in the six day event, breaking attendance records at main venues and giving a clear indication of the publics appetite for science.
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A day in the life of RB Group - events, production, communication
Posted on: 23/08/11
Unless we have an early event, the RB Group day generally starts at 8.30am when the office staff arrive. Phones arent ringing quite so much before 9am so its a chance for the team to catch up over a cuppa, check messages from the night before and get ready for the day ahead.
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New 60 sqm, 20 seater boardroom style meeting room in Team Valley , Gateshead
Posted on: 22/08/11
Coffee Quarter Corporate Meeting Room is an extension to our highly successful coffee house and sandwich deli on Kingsway North, the centre of Team Valley.
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UK growth lagging behind
Posted on: 22/08/11
According to reports in the Telegraph, UK growth is lagging behind all of the other leading world economies apart from Japan.
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John Anderson CBE, Chairman of the North East BIC comments on tourism-related regional business
Posted on: 21/08/11
I was delighted this week to see positive figures released on the recent performance of the UK tourism industry, with almost 3 million visitors coming to British shores in June alone.
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Ten percent of high street shops empty says BRC
Posted on: 20/08/11
More than 10 percent of all shops in the UK were vacant as of the end of May, according to the British Retail Consortium.
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Member news More Young People Adopting E-Commerce
Posted on: 19/08/11
A recent study looking at adoption of online shopping among the under-25s shows there are encouraging signs for North East E-Commerce businesses targeting this demographic. It seems social media marketing is driving more young people in the region to shop online.
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CES celebrates 250th green energy trainee
Posted on: 19/08/11
Community Energy Solutions are celebrating after training the 250th engineer on their microrenewables scheme at their Boldon site.
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Staying in the new going out, says Deloitte
Posted on: 19/08/11
Northerners are planning to stay at home more often and reduce the number of times they go out to eat and drink, according a new survey.
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Member news The gamble paid off, now businesses need to get in the zone
Posted on: 18/08/11
The announcement that a record 12 sites in Teesside will benefit from Enterprise Zone status should be seen as a welcome boost, making the region an attractive location for businesses in theUKand further afield.
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Local IT business celebrates transatlantic deal
Posted on: 17/08/11
A North East computing company is celebrating the closure of a deal with a Canadian cloud computing firm.
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Tourism receives a boost, after record numbers visit UK in June
Posted on: 15/08/11
June was an excellent month for the UK tourism industry, with almost 3 million visitors coming to British shores and spending £1.685 billion in one month alone.
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Falling levels of distressed acquisitions in the North East
Posted on: 15/08/11
Acquisitions involving insolvent businesses accounted for just one in 22 of all deals in the North East in 2011, according to new research.
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Mixed outlook for construction industry
Posted on: 15/08/11
The figures for construction industry output in the last quarter have been revised to show significant improvements, from 0.5 percent, to 2.3 percent.
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New solar panel scheme for North Tyneside
Posted on: 15/08/11
North Tyneside Council has formed an exciting new partnership with energy provider E.ON to fit solar panels to council homes in a bid to reduce costs and carbon emissions.
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First aiders vital in the workplace says St John Ambulance
Posted on: 15/08/11
Employers in the region need to provide better first aid cover or face prosecution, according to new research.
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Entrepreneurialism workshop hosted by Secret Millionaire
Posted on: 15/08/11
One of Britains most entrepreneurial women is coming to the region next month to share her tips for business success.
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This weeks new appointments
Posted on: 15/08/11
The chief executive of NHS North East Ian Dalton CBE has been appointed to lead the new north cluster of strategic health authorities, NHS North of England.
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Shares continue rebound in to the weekend Latest Market Analysis
Posted on: 15/08/11
As expected, last night saw the EUs financial markets regulator ESMA announced that France, Italy, Spain and Belgium banned all forms of short selling in banking and financial stocks, in an attempt to counter the extreme volatility in stock specific trading. Other news affecting the European open was second quarter French GDP data which, at zero percent, showed growth had ground to a halt in Europes second biggest nation. The markets took comfort from the European policy, shrugging off the French growth news to quickly gain more than 1. The ascent was unsurprisingly led by banking stocks, Barclays putting on more than 8 at one point.
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James Ramsbotham, CEO of NECC shares his view on the regions economy with bdaily
Posted on: 13/08/11
Despite large numbers of press reports detailing the national and global economic downturn, negative employment statistics and price hikes, James Ramsbotham still remains optimistic.
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Muckle seal the deal for Green Energy provider
Posted on: 12/08/11
Local law firm Muckle LLP are doing their bit for the environment by supporting the creation of one of the UKs first and largest solar parks.
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New marine technologies for Northumberland
Posted on: 12/08/11
A Northumberland Business and Science centre has invested in the latest marine technologies to help improve its global appeal in the marine science sector.
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A series of free food tasting sessions
Posted on: 12/08/11
On behalf of a client, Beyond Management are arranging a series of free food tasting sessions for businesses during September 2011. This will be an exciting opportunity for you to try something exotic and healthy The purposes of the tastings are
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New app brings history to life
Posted on: 11/08/11
A North East entrepreneur has launched an innovative new app, which will allow iphone, and ipad users to visit historical sites from the comfort of their own home.
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£100,000 Northern Rock Foundation grant for local charity
Posted on: 10/08/11
The Northern Rock Foundation has awarded a local charity with a grant of £100,000 to help youth offenders escape a lifetime of criminality.
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Lawyers hop aboard to understand their clients
Posted on: 03/08/11
Lawyers from a firm in Newcastle are heading down to the bus stop to get to grips with the activities of one of its clients.
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Sunderland set to become centre of computer excellence
Posted on: 01/08/11
Sunderlands growing software industry is putting the city on the map, according to MP Julie Elliott.
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