WARWICKSHIRE MEANS BUSINESS

Welcome

Welcome from Cllr Izzi Seccombe

Hello and welcome to the November edition of Warwickshire Means Business.

There are many joys to living and working in Warwickshire and one of the greatest is the rich diversity of the county - a diversity fully reflected in its business community.

Within our boundaries lies an amazingly broad range of business skills. Every edition of Warwickshire Means Business emphasises that range - in this edition alone the spotlight falls upon craft beers, electrically-assisted pedal cycles, sales and marketing, fibre-optic cable-cutters, facilities management and camels!

We should all be very proud of a county harbouring such a breadth of skills, enterprise and innovation. Part of the reason for that scope is that we have such a spread of environments, from small and larger towns to villages and rural areas - and Warwickshire County Council is passionately committed to supporting businesses in every location.

Our rural economy continues to perform strongly but, as our chief economist Dave Ayton-Hill writes here, it has potential for significant further growth. Warwickshire's rural economy is powered by much more than the traditional food, farming and tourism. Nearly 40 per cent of our advanced engineering businesses and 36 per cent of IT and digital media companies are in rural areas.

During the last three years the county council was proud to co-pilot the Government’s Rural Growth Network initiative. In Warwickshire, the Rural Growth Network supported 738 small businesses and created or safeguarded more than 550 jobs in rural areas. Its legacy will be long-lasting as we take other projects forward and its excellence led to recognition in London this week with a commendation at the Enterprising Britain Awards at Westminster.

Of course we are every bit as committed to supporting business in our towns. That support takes many forms including our own business centres which offer a well-equipped and cost-effective base for almost 200 SMEs.

Each of those businesses helps power the local economy and many flourish to further enhance the reputation which Warwickshire enjoys, nationally and internationally, for excellence in business. These include Eskuta, based at the Bermuda Innovation Centre in Nuneaton, and it was nice to hear their managing director Ian O'Connor describe the centre "as perfect as you could get." That's what we aim for!

It is also great to hear that Warwickshire has so much to offer that companies like Vitsoe are relocating from London. Vitsoe managing director Mark Adams describes their new Leamington Spa base as "the perfect location." That is the message our Inward Investment team works tirelessly to promote.

I hope you enjoy this edition of Warwickshire Means Business. Please do get in touch with brianhalford@warwickshire.gov.uk if you have a story to feature in the next edition or think there is an issue that we should cover.

Finally, in this edition please do take a look at our detailed explanation of the complex new Apprenticeship Levy which will come into place next April. And don't forget to check out those camels!

Featured News

Warwickshire tourism industry set for £10-15million boost

Warwickshire's economy is set for a major boost next year with an additional £10-15million expected to be pumped into the county's tourist industry from increased visitor-numbers.

With so many world-renowned attractions across the county, including Warwick Castle, the Royal Shakespeare Company and The Rugby World Hall of Fame, the tourist sector is a major component of the county economy. Overseas visitors spent more than £100million in Warwickshire in 2015.

And that sum is expected to significantly increase next year as visitors from around the world, notably the United States of America and Europe, take advantage of sterling's post-Brexit devaluation.

The full implications of Brexit on the national and local economy will take years to unfold with next year likely to be tough as uncertainty over the future causes businesses to hold fire on planning and investment.

But there will be a very positive impact on tourism in the short and medium-terms, says Warwickshire County Council's Economy & Skills Group Manager Dave Ayton-Hill.

"The significant and sustained devaluation of sterling, particularly against the dollar and euro, will encourage more overseas visitors to come to the UK next year," he said. "And with so many fantastic attractions in Warwickshire, we can expect to welcome our share.

"In light of the devaluation of sterling against the dollar and euro, we expect an extra £2.5million spend from visitors from the US and £5.3million from Europe.

"Indications from the US are that a lot of people who have long been thinking of a trip-of-a-lifetime to the UK will now take this opportunity while their money will go that much further. That is good news for Warwickshire because, whereas European visitors tend to come over for a weekend or few days, because of the distance involved tourists from US come for two or three weeks so spend that much more.

"When you factor in tourists from other parts of the world, a £10-15million uplift in tourist revenue next year is likely, simply on increased spending power. That is good news for Warwickshire's tourist industry which is traditionally strong and globally renowned.

"The challenge, not just for Warwickshire but for the UK as a whole, is for Britain to be seen as not turning its back on Europe in light of the Brexit vote.

"But that view will be marginal. Warwickshire's hospitality towards tourists has always been very warm and welcoming and that will continue to be the case."

With sterling certain to continue to struggle, the UK tourist industry is likely to also benefit from more people holidaying within the country rather than going abroad.

Council commitment to apprenticeships is highly commended

Warwickshire County Council has been highly commended at the Midlands National Apprenticeship Awards 2016.

The county council was runner-up in the region for the Macro Employer of the Year category of the awards which recognise excellence in businesses which grow their own talent through apprenticeship schemes.

The awards, run by the National Apprenticeship Service and now in their thirteenth year, are a highly-respected barometer of quality in the field.

Warwickshire County Council was highly commended in recognition of its contribution as an employer, with apprenticeships at the council having reached a record level.

Over the past three years more than 130 young people have benefited from taking up an apprenticeship at the council. Of those, over 80% went on to secure longer-term roles while others took up employment opportunities elsewhere or went on to further education.

Warwickshire County Council's Portfolio Holder for Customers, Cllr Kam Kaur, warmly welcomed the commendation which again underlined the council's commitment to giving young people the best possible career prospects.

“We are delighted to receive this recognition of our work to create over a hundred apprenticeship opportunities at the county council," said Cllr Kaur. "Apprenticeships not only equip young people with the skills that they need to prosper in their lives but also deliver real benefits to the council and the wider economy.”

Cllr Philip Johnson, chair of the county council’s Communities Overview and Scrutiny Committee, added: “We are so pleased our commitment to offering apprenticeships has been recognised by the National Apprenticeship Service. Apprenticeships offer an excellent route into employment and offer young people a great opportunity to earn while they learn in a real job, providing a real future.”

Sue Husband, Director of the National Apprenticeship Service, paid tribute to the county council for playing its full part in ensuring that apprenticeships remain a popular and productive means of channelling young people into the right careers.

“The National Apprenticeship Awards enable exceptional apprentices and dedicated employers to receive the recognition they richly deserve," said Ms Husband. "Apprenticeships enable people to gain the skills and knowledge they need to succeed – in some cases up to degree level; and for businesses to grow the talent they need.

“I would like to congratulate Warwickshire County Council on their achievement of being highly commended, which is greatly deserved. There has never been a better time to become an apprentice or employ one.”

To find out more about the National Apprenticeship Awards, please visithttps://www.gov.uk/government/topical-events/national-apprenticeship-awards

Warwickshire the "perfect location" as major company is lured from London


A prime employment site in Leamington Spa will be brought back to life in 2017 when furniture manufacturer Vitsoe opens its new headquarters and factory at the former Ford Foundry location in Princes Drive.

Around 200 jobs will be created when the company opens its new HQ next year, possibly as early as spring.

And Vitsoe managing director Mark Adams believe Warwickshire is "the perfect location" for his company, which is relocating from London to Leamington "for the long term."

The Princes Drive site has been vacant since 2008 when Ford closed the foundry after more than 60 years, having opened during it during the Second World War after moving from Ireland.

Now the area will enjoy a new lease of business life under Vitsoe which, formed in Germany in 1959, has traded in the UK since 1985 and been based in London since 1995.

"As a manufacturer we are focused on building for the long term," said Mr Adams. "So we are delighted to be part of the next era in Leamington’s rich industrial heritage by bringing skilled jobs and a growing manufacturing business to the area.

"More than 20 years after Vitsœ moved its operations to the UK from Germany, we are in the privileged position to be expanding worldwide. And now, in our long search for a new home, we have found the perfect location."

The luring of Vitsoe from London is another feather in the cap for Warwickshire as a business-base.

The internationally-known company chose to relocate because of Leamington’s excellent road and rail connections and the proximity to Daventry International Rail Freight Terminal, from which they will ship to customers all over the world.

The majority of Vitsœ’s suppliers, meanwhile, are based in the ‘Midlands Engine’ region, making it the ideal home for the manufacturer. Vitsœ was also drawn to the town’s distinguished architecture and the community’s rich industrial heritage.

Groundwork is now underway at the 3.3-acre site on a new building designed by a world-class team including acclaimed designer Kim Wilkie, whose landscaping of the grounds will reflect the ridge-and-furrow fields found around Leamington.

The site’s location near the town centre, railway station and National Cycle Network route 41 are also important factors in the move, allowing employees to travel without reliance on cars.

Vitsœ is investing in Leamington Spa for the long term. In February the company raised funding for its relocation by inviting its customers and suppliers to invest in a bond, the company stating its intention to become an employee-owned business for “the long-term good of Vitsœ, its customers, suppliers, employees and wider society.”

The UK's only camel business is flourishing in Warwickshire

"We were going to present lions but I became pregnant so the business was put on hold. Then when we got round to it we went for camels."

As company origins go, it's pretty unconventional. But not much about the business Joe and Rebecca Fossett have run since 2000 at Idlicote, deep in the south Warwickshire countryside, is conventional.

In fact, their business is unique, not just to Warwickshire but the UK. In this country, Joe and Rebecca are the go-to people for camels.

If you require a well-presented, fully trained, trustworthy camel (and you'd be surprised how many people do) then JA Camels is the place. The only place in the UK.

It's little wonder, then, that JA Camels ticks over nicely. Last year was its most profitable yet as a well-established, engagingly left-field component of a tourist sector which annually pumps more than £100million into Warwickshire's economy.

"I'm glad we switched to camels," says Rebecca. "There is a lot you can do with them."

They certainly do plenty.

Joe and Rebecca's eight camels - Ruby, Kokoso, Max, Cleo, Bertie, Kazzak, Blizzard and Baxter - travel widely and work diversely. They feature in everything from festivals and parades to race-meetings and motoring-events. They calmly perform among thousands of sports fans, in the chaotic streets of London or the broad expanse of Gatwick Airport. They have dealt with luminaries from David Attenborough to David Cameron.

They are no strangers to stage and television. That dating-site TV advert with a chap and a camel on a sofa? The camel is Kokoso, one of Joe and Rebecca's.

Alongside film and TV assignments, the animals have regular duties closer to home; weddings, Christmas, fundraising events - and racing and trekking with their knock-on effect on the county economy as visitors need somewhere to stay and eat.

It is a unique enterprise. So why camels? And why Warwickshire?

Joe, a scion of the famous Fossett circus family and fully-trained lion-tamer whose expertise also covers tigers, elephants and bears, explains:

"We were thinking about lions and perhaps giving it a go in Las Vegas, but then Rebecca fell pregnant. We thought again and realised camels had so much potential. I grew up with animals but always particularly loved camels. They are so genuine and caring and have incredible memories. 

"And Warwickshire is a brilliant location, perfect for any business needing access to the motorways. And it's a beautiful county which will always attract people. We're very proud to be in Warwickshire, adding our little bit to its tourist industry.

"People do love seeing our camels and are often surprised how well-behaved they are. Some say 'aren't they aggressive? don't they spit?' Well, no, not if treated properly. They respond well to kindness, like we all do.

"It's a matter of how well-trained they are. It's vital they are properly trained because you have half-a-ton of animal there. In the wrong hands they are killing machines. Some people have tried and ended up in hospital. Basically, it's no different to any other business. You just have to do things right.

"They are very endearing creatures, though some are better-suited to certain jobs than others. Kokoso, aged 16, is our steadiest. It took several days to train him to settle on that sofa for the TV advert but we knew he could do it. He is reliable - but lazy. Not one for the races!"

It all sounds an engaging and, at times, glamorous business and it is - to a degree. But just like every other business, Joe and Rebecca have to deal with hard commercial realities.

"We have just had our best year," said Rebecca. "But there have been tough times. We were hit by recession. And the Foot and Mouth outbreak caused big problems because of restrictions on moving animals around the country.

"There is a lot of legislation to meet, insurance costs are high and, of course, the welfare of the animals is paramount. If a request is legal and feasible, we'll do it, but the camels' welfare comes first. We raced them at Vicarage Road football ground in Watford in front of 15,000 people and were asked to do the same at Wembley. But we turned that down because it would have been an 80,000 crowd and the camels wouldn't like that.

"They do a lot of motorway miles but are comfortable with that, given lots of food, water and straw. We look after them very well and know a lot about them which is important because not many vets know much about camels. People around the country often come to us for advice.

"We are very lucky to have this life but the business, like any, has to evolve so we are always looking forward. Our 18-year-old daughter Daisy, who is doing her HGV licence, is already deeply involved and looking into the idea of selling camel milk."

 

Bermuda Centre business adds to Warwickshire reputation for innovation

Warwickshire is a small county but, in terms of business reach, innovation and expertise, it has long punched far above its weight - and that continues to be the case thanks to companies like Nuneaton-based Eskuta Ltd.

Many factors must combine to make a successful business. But a good way to start is to spot a gap in a growing, evolving market and to design a product to fill that gap.

That's what Eskuta, based at Warwickshire County Council-run Bermuda Innovation Centre in Nuneaton, have done with a range of Electrically-Assisted Pedal Cycles (EAPCs) which have just gone to market after two years in development.

In Warwickshire's sustained role as a significant player on the local, national and global business stages, Nuneaton more than plays its part. And Eskuta's story is very much a Nuneaton one with the business based there, the product designed there and managing director Ian O'Connor proud to live there.

These are exciting times for Ian and his company as they set about translating the considerable interest in their product into hard orders.

"It is exciting," said Ian. "Challenging, but very exciting. We have spotted a bit of a gap in the market and since the product went to market this summer there has been a lot of interest.

"Basically, we have created a product that looks and performs like a petrol-driven moped but is pedal-powered and electrically-assisted.

"There are strict guidelines, which we have to follow. Up to six kilometres per hour the cycle can be powered electrically then from that point up to 25 kph it must be pedal powered, albeit electrically-assisted.

"Our cycles looks like mopeds and perform like mopeds, but do not require a licence, tax or insurance. They can be ridden in cycle-lanes as well as on the road and there are no emissions so it is a very green product.

"It is appealing to a lot of markets: Young people gaining mobility for the first time; older people who enjoy cycling but find it a little bit harder than they used to; people with minor health problems; commuters just wanting to save time and money.

"When we exhibited at the National Cycle Show at the NEC we had excellent feedback. So then we went to the Motorhome & Caravan Show and though that was a market we had not originally envisaged, we had a lot of success there too."

Eskuta is a lean company, employing just four people, with fat potential. Talks are ongoing with businesses in one of the biggest growth areas around - fast-food delivery - while the export market is also being investigated.

Eskuta has a lot going for it - including, Ian admits, a perfect base at the Bermuda Innovation Centre.

"It couldn't be better," he said. "I have known about the centre and the Attleborough Industrial Estate for a long time so when we got to the end of the development stage and needed a base, I looked online and the Bermuda Centre looked just right. I contacted Lisa Smullen, who runs it, and she was ever so pleasant and helpful. We were soon in here.

"We are expanding rapidly and not only sell directly to consumers but are now developing a national network of Eskuta dealers stocking our range, so Nuneaton's central location is brilliant.

"In fact, all round, our base at the Bermuda Centre is as perfect as you could get."

Big opportunity beckons for business in tech and IT sector

Warwickshire's thriving tech and IT sector has another major potential customer in the pipeline after the Cabinet Office launched a campaign to encourage more businesses to bid for government contracts.

The Cabinet Office and Government Digital Service have published new guidelines designed to help tech and IT companies do business with government.

Minister for the Cabinet Office, Ben Gummer announced a two-way commitment, the ‘supplier standard’, to build collaborative and constructive relationships between government and the tech industry.

The supplier standard has six principles which will form the benchmark for IT and tech contracts.

Those prinicples are:

  • User needs first
  • Data is a public asset
  • Services built on open standards and reusable components
  • Simple, clear, fast transactions
  • Ongoing engagement
  • Transparent contracting

One of the key areas of focus is tech and digital contracts and Mr Gummer outlined the government’s ongoing commitment to move away from large-scale, long-term IT contracts towards more agile and transparent interactions focused on joint delivery.

He emphasised that the government is "open for business" and wants to work with the best suppliers of all sizes - a message sure to be of interest to businesses in Warwickshire which is renowned for its place at the forefront of the IT and tech industries.

"My message to those who operate and work in this sector is, no matter how large or how small your company is, this government is open for business," said Mr Gummer. "The new supplier standard is just a starting point. We want suppliers, both current and potential, to take note of the key principles and use them to help in the bidding process for government IT and tech projects.

"I’d like to thank techUK for helping us to put together these new standards – they have played an instrumental part in helping us to form this pact with the industry."

Julian David, CEO of techUK, said: "In order to achieve digitally-enabled public services that meet the needs of 21st century Britain, it’s vital that public and private sectors work closely together. These six principles are a great step forward in delivering the right collaboration between government and industry.

"They will be the basis for opening procurement to companies large and small, exposing government departments to the best innovation our tech sector has to offer, and delivering value for money to the UK taxpayer."

The principles have been published on GOV.UK. For the rest of 2016, the Government Digital Service will actively collect feedback on the new Supplier Standard, both online and a via number of workshops within the industry.

Hall of Fame will be long-term tourist boost for Rugby

Warwickshire's vibrant tourism industry will boast another unique attraction for visitors from around the world following the opening of the World Rugby Hall of Fame in the town where the sport was born.

A grand opening of the Hall of Fame will be held on November 17 at the Rugby Art Gallery and Museum, where the exhibition will be based long-term.

It is excellent news for the town which gave birth to one of the world's most avidly-followed sports. Every year brings an influx of rugby supporters to England to follow their respective national teams. So the town will benefit from "millions of visitors" in the years to come, said England rugby legend and Hall of Fame member Bill Beaumont.

“It is exciting to tell Rugby’s story in the place that carries such unique importance to our sport," said Mr Beaumont. “We are delighted to be partnering with Rugby Borough Council to deliver an experience that will become a destination for fans from around the world.

"I congratulate the latest list of great players who will be inducted into the Hall of Fame in November. It is they, through their on-field exploits, who bring the Hall of Fame to life and will attract millions of rugby pilgrims in the coming years from wherever the game is known.”

Inaugurated in 2006 with the induction of the sport's founder William Webb Ellis, the World Rugby Hall of Fame now has 120 members including many of the sport's great players, coaches, pioneers and administrators. A peripatetic exhibition until now, it will make its first permanent physical home at the Rugby Art Gallery and Museum.

World Rugby, the sport’s governing body, has strived to make the Hall of Fame "an immersive experience, offering visitors an inspirational journey from the game’s humble origins the present day," using interactive HD touch-screen technology.

The Hall of Fame will open to the general public permanently from November 18.

Visit www.worldrugby.org/halloffame for more information.

 

The rural economy is strong but has so much more to give

In 2016, the rural economy is about so much more than food and farming. Here, in an article first published in the LGA First magazine, Warwickshire County Council's Economy & Skills Group Manager Dave Ayton-Hill discusses the huge untapped potential of the county's rural areas.

The usual perception of the ‘rural economy’ is one of food, farming and tourism.

While these are important elements, it hugely misrepresents the strength and diversity of these areas and the entrepreneurialism that exists within them. Nearly 40 per cent of advanced engineering businesses in Warwickshire are in rural areas, as are 36 per cent of our IT and digital media companies.

Our rural areas also contain huge economic opportunity, with a much higher new business start-up rate, on average, than our urban areas.  However, many of these businesses remain small and do not, for a variety of reasons, fulfil their growth potential, thereby limiting job-creation and economic prosperity in these areas. 

Traditional business support programmes have historically focused on urban areas because it is often cheaper and easier to engage with potential clients and generate the outcomes demanded by funding bodies. This approach misses out this significant and largely untapped rural market.

Warwickshire was one of just five areas to pilot new and innovative ways to support the growth of our rural economy, through the Government’s Rural Growth Network (RGN) initiative. Our focus was on supporting the growth of our small and micro-businesses. We provided a growth-orientated business start-up programme and provided support to existing small businesses committed to growth. 

We also invested in a number of programmes specifically tailored to the needs and issues of rural areas. These included support for businesses around accessing finance for growth and, in partnership with LaSalle Investment Management, the development of a rural innovation centre, providing much needed incubation space for small, growth-orientated businesses.

Our programme explicitly recognised some of the issues facing the delivery of business support in rural areas, including the dispersed nature of these businesses which can reduce business-to-business networking and joint working opportunities, and increase service delivery costs. Many of the businesses we were looking to work with were also ‘micro-enterprises’ (0-9 employees), so the scale of activity, such as size of grants and intervention rates for funding, numbers involved in innovation partnerships, sizes of workshops, etc.,  was adjusted accordingly to make them more effective for this client-base.

The programme was an undoubted success, and I am proud to say led to Warwickshire being highly commended in the recent Enterprising Britain Awards as one of the most enterprising places in Britain.

The legacy of this project will continue well into the future. Over the last three years the RGN has supported 738 small businesses, helped 185 people to start a business and created or safeguarded more than 550 jobs in rural Warwickshire. The legacy will also continue through new investment (private-sector funded) by La Salle Investment Management in a second Rural Innovation Centre at its Stoneleigh Park site based on the success of the first centre.

Following a thorough evaluation of the programme we have learnt a number of lessons that are now being applied to a new Warwickshire-wide business support programme.

In particular, we are maintaining a focus and filter for support towards companies with growth potential. This provides patient, long-term mentoring and support for businesses as they move through their growth journey - spending 3-5 times the ‘normal’ amount of support than traditional programmes; and helping businesses consider and access a wide range of finance to support their growth ambitions rather than a narrow focus on grants. 

Targeted investment in business support, based around sound evidence and research, and tailored to the specific needs of the local area and business community was at the heart of our award-winning approach. This continues to enable a strong and effective approach to small business growth within the Warwickshire economy.

You can find out about our new Business Support Programme by visiting www.warwickshire.gov.uk/cwbsp

Coleshill's 'Diamond' shining among fastest-growing companies

A Coleshill-based business has been listed as one of the fastest-growing facilities management companies in the country by a leading industry report.

Diamond Facilities Support (DFS), based in Station Road on Coleshill Industrial Estate, has made it into the top 50 of the Plimsoll Report’s facilities management survey, which covers over 420 companies in the sector.

The Plimsoll Report is conducted by experts who analyse the finances of companies across 1,600 industries and sectors.

In the 12 months to December 2015, DFS’s total sales increased by 61 per cent, far above the industry average of 4.9 per cent.

The surge comes after a year in which the firm, formed in February 2010, secured a clutch of contracts with clients including TGI Fridays, Loungers, Swinton Insurance and Orchard Care Homes.

DFS, which has also won the custom of retail giants such as The Range and JD Sports, now employs 118 staff.

“To be in the top 50 is fantastic recognition of how we have grown in such a short space of time," said Adam Atkins, joint managing director at DFS. "It’s great to know that we are now mixing with some of the biggest companies in our sector.

“We have grown our turnover significantly every year since we started and are generating new business all the time. We expect to achieve in excess of £8million turnover by the end of this year. This equates to further growth of 45 per cent from 2015.

“Our growth has been down to the wide variety of services we offer to other businesses, including a reactive response service through to cleaning contracts and building compliance.

“Competition in our industry is fierce and it’s all about responsiveness and high standards of service which is why we retain existing clients and win new business via referrals. So to be one of the leaders in our own sector bodes very well for the future.”

Small Business Saturday – support your local high street

Make the most of your high street and support small businesses by shopping locally on Saturday 3 December.

For the fourth year running, Warwickshire County Council has teamed up with the Federation of Small Businesses (FSB) to promote Small Business Saturday (SBS). Last year people from across the county supported the local economy by spreading the message on Facebook and making a conscious effort to visit local businesses.

Small Business Saturday is a national initiative that celebrates local independent firms, including the traders and retailers that contribute to the unique character and atmosphere of our high streets, town centres and villages.

For local traders wanting to join the campaign and make the most of the opportunity offered by the day, they can visit the Small Business Saturday website to download a social media guide, as well as the logo and digital banner to display online, in shop windows, or at an SBS event.

Warwickshire businesses will also be able to upload their contact information to the My Small Business Finder feature on the website, promoting their special Small Business Saturday events or promotional offers.

The benefits of a vibrant small business sector are considerable. When a member of the public buys from a local business it is worth far more to the local economy. Typically, £1 spent with a small business generates £1.76 to the local economy.

With high street businesses continuing to close across the country, it’s more important than ever that shoppers ‘think local’ to help support and safeguard the future of their local traders.

Cllr Izzi Seccombe, Leader of Warwickshire County Council and Portfolio Holder for Economic Development, said:  "Small businesses across our towns and villages add so much to the fabric of our local communities. Apart from providing a level of personal service and quality that’s hard to beat, small businesses create many jobs in our communities. We encourage the public get behind our small businesses for the whole year round, beginning with shopping small on Small Business Saturday.”

Cllr Philip Johnson, Chair of the Communities Overview and Scrutiny Committee, added: “It’s important that we all remember to support our small businesses and 'shop local'. Small businesses are vital to our future because they play such an important role in our local economy and give vibrancy and diversity to our high streets.” 

You can keep up to date with events, news and see the films on our Keep It Local Warwickshire Facebook page and follow us on twitter @keeplocalwarks

Will upskilling the low-wage sectors solve Warwickshire's "productivity puzzle"?

FIGURES 1 AND 2 TO INSERT

One of the biggest challenges currently facing the economy, both in Warwickshire and the UK as a whole, is the “productivity puzzle.” Natalie Henderson (Economist in Warwickshire County Council's Economy & Skills team) explains the problem and outlines the county council's objectives towards providing a solution.

Will upskilling the low-wage sectors solve Warwickshire's "productivity puzzle"?

One of the biggest challenges currently facing the economy, both in Warwickshire and the UK as a whole, is the “productivity puzzle.”

A long-term impact of the 2008 recession, the productivity puzzle has seen growth in output-per-worker stagnate and also led to a “wage freeze.” The UK annual growth rate has reportedly collapsed to under 0.5% - significantly below pre-recession growth of 2.2%.

The situation, further complicated by the recent Brexit decision to leave the European Union, continues to be at the forefront of economic issues across all local areas including Warwickshire. Low productivity and restricted growth in earnings are closely interlinked and have led to the “polarisation of the labour market” where low-skilled and high-skilled employment growth has remained the strongest. This has considerably reduced the share of middle-skilled workers – a consequence of digitalisation and competition from low-wage countries.

Many middle-skilled workers who lose their jobs face the aspect of “moving down the skill ladder” in order to improve their chances of finding work.

As demand for lower-skilled workers continues to grow, and therefore worsens wage-stagnation, it is suggested that improving the productivity of low-wage sectors is essential to pull Warwickshire and the rest of the UK out of the “productivity puzzle." This can help close the widening gap of income inequality and further boost the rate of personal expenditure in the local economy. The Institute for Public Policy Research recognises the following sectors as “low-wage” industries based on nationally low earnings and productivity:

  • Agriculture, forestry and fishing
  • Wholesale and retail trade
  • Accommodation and food services
  • Administration and support services
  • Arts, entertainment and recreation

 Figure 1: Job growth in Warwickshire (2005-15)

Figure 1: Job growth in Warwickshire (2005-15)

Source: EMSI

Since the 2008 recession, 2,700 new jobs have been created in Warwickshire’s low-wage sectors. This was particularly driven by increased expansion demand in the wholesale and retail industry.

In contrast, high-wage sectors (manufacturing, IT services and finance & insurance) saw a significant loss of approximately 7,900 jobs during the years 2008-12. This suggests that our low-wage industries have stronger economic resilience and therefore fuelled the higher growth-rate of 8% in the post-recession era.

Currently, over a third of Warwickshire’s residents (34%) are employed in low-wage sectors, doubling high-wage employment (14%).

Figure 2: Job growth in Warwickshire by 2025

Figure 2: Job growth in Warwickshire by 2025

Source: LEFM

By 2025, there will be about 12,000 new jobs created in these sectors, with nearly half forecast in accommodation and food services; compared to 350 fewer jobs in high-value industries. This will contribute to a widening of the Warwickshire productivity gap where local residents will produce £4,000 less output compared to the average UK resident.

Forecast analysis undertaken by Warwickshire County Council concludes that a future 10% increase in low-wage productivity growth has the potential to halve the Warwickshire-UK productivity gap by 2025 and inject £560 million into the local economy; which will benefit both businesses and residents alike.

Based on this evidence, there is a clear need to undertake more proactive targeting of skills development within the low wage sectors. This should help increase productivity, push up wages and drive increases in innovation and quality. 

Look out for more information in the coming months, and in the January edition of Warwickshire Means Business, on how Warwickshire County Council will be putting these objectives into action.

Promoting employees' Health and Wellbeing is just good business sense

Promoting Health and Wellbeing in workplaces does not just have obvious benefits for workers - it makes excellent business sense for employers, says Warwickshire County Council's Director of Public Health Dr John Linnane.

In his 2016 Annual Report entitled Public Health Matters: Sex, Drugs and Fluoridation, Dr Linnane stresses the benefits to employers of doing all they can to promote wellbeing among their workforces. It is plain business logic to do so. Employees in good health can be up to three times more productive than those in poor health, are usually better-motivated and more resilient to change and also more likely to engage with the priorities of the business.

Dr Linnane recommends that workplaces sign up to the ‘Workplace Wellbeing Charter’ (or equivalent approach) to encourage adopting healthy lifestyles, focusing on reducing risks to health and promoting protective factors by:

  • promoting good mental wellbeing
  • promoting ‘health promoting environments’ for all health facilities
  • offering staff access to physical activity opportunities as available through local programmes

The good news is that in recent years the number of Warwickshire businesses implementing healthy workplace policies has increased. But much work remains to be done.

So Dr Linnane wants every business in the county, big or small, in every sector, to think about their procedures and adopt The Workplace Health Charter or equivalent.

"The workplace is an important setting to promote health and wellbeing for health and wellbeing programmes," said Dr Linnane. NICE (National Institute for Health and Care Excellence) shows that promoting a culture which improves the health and wellbeing of employees is good management and leads to healthy and productive workplaces.

The report is available online: http://publichealth.warwickshire.gov.uk/annual-report

Watch a short video which summarises the report online: https://www.youtube.com/watch?v=goZPC9jXmeU&feature=youtu.be

Small business programme leads to expected 200% turnover growth

Warwickshire entrepreneurs have the opportunity to "take your business to the next level" after applications opened for a new programme dedicated to promoting small businesses.

The Aston Programme for Small Business Growth, which will begin in the New Year, will help early-stage business-leaders based within Warwickshire, Coventry, Birmingham, Solihull and the Black Country to achieve sustainable growth. 

The programme of workshops, one-to-one support and networking is fully funded by Aston University and the European Regional Development Fund (ERDF) with the first group running from January to June 2017. It is open to SMEs and Social Enterprises.

Twenty-eight business leaders from a range of sectors will complete the programme together, sharing their experiences and strategies, building a supportive network and working with an experienced mentor to tackle any issues or challenges faced by SMEs as they grow. 

It is a practical programme, with participants working on their own business straight away and finishing with a growth strategy they have written for their own business that will provide an action-plan to achieve their specific growth goals.

All the 2015 participants surveyed after completing the programme are anticipating significant growth in turnover. Sixty per cent expect turnover growth in excess of 200% while 48% projecting employee numbers to grow in excess of 200% by 2018.

More information, eligibility criteria and the application form can be found on the programme website here. Applications close on December 9th, 2016.

Booming business at Sir Frank Whittle Centre will bring jobs to Rugby

A high-tech business in Rugby is eyeing further growth, bringing jobs to the town, and a spectacular leap in exports from its base at the Warwickshire County Council-run Sir Frank Whittle Business Centre.

Oxford Fiber designs and manufactures cutters for fibre-optic cables to serve the high-speed internet. It is a highly specialist area as the cutters contain diamonds required to cut through the glass fibre-optics, leading to a dramatic increase in internet speeds.

Quite literally at the cutting edge of technology, Oxford Fiber exports around 600 of its products each year to communications giant Verizon in the USA. And the company has now developed a second product which could see a major expansion, potentially shipping between five and ten times as many cutters to the USA.

That a small Warwickshire technology business is succeeding on such a global scale is great tribute to the skills and hard work which underpin their operations. And managing director Ian Murgatroyd is delighted with the company's progress which, he says, has also benefited greatly from being based at the Sir Frank Whittle Centre.

"It is an excellent location," said Ian. "It offers a simple step-up for new or growing businesses and the size of the units allows flexibility as we grow - three people in a business or 12 people is easily accommodated.

"The environment makes for happy working, which is essential in a small business. 

"The location also gives credibility to a small business so that local business support (e.g. county council, grant-giving bodies) are happy with a business located here.

"I have previously been based elsewhere, including the University of Aston and University of Warwick Science Park, which are really good environments, and the feel of the Sir Frank Whittle Centre is similar. Also, for me, the local nature of the centre is ideal, only five minutes from my home which is important, saving me having to travel long distances to work."

Oxford Fiber's sustained growth has also been assisted by the Coventry and Warwickshire Chamber of Commerce through the Coventry & Warwickshire Business Support Programme which is part-funded by the European Regional Development Fund (ERDF), with further support from Warwickshire County Council and Coventry City Council. 

As part of that programme, the Chamber helped the business secure almost £6,000 of ERDF grant-funding through the Coventry and Warwickshire Local Enterprise Partnership. That money will go towards 3D printing technology and microscope equipment, enabling the firm to bring its new product to market earlier, as well as taking on two extra staff.

Mr Murgatroyd, who ran the business from home until making the move to the Sir Frank Whittle Centre, believes the company is ready to move to the next level.

“We can see the huge potential for growth, especially in the USA where our products are already used in the industry," he said. "We are investing in new technology and also in creating new jobs so the support we have had and the grant funding will help us to accelerate our growth.

“We hope to export at least 3,000 units, if not more than 5,000, per year once the new product is launched. That will mean skilled assembly jobs here in Rugby, a town well-known for its engineering prowess.”

Martyne Manning, of the Coventry and Warwickshire Chamber of Commerce, who has been assisting Oxford Fiber, said: “There is great potential for Oxford Fiber to Go For Growth and I am delighted to support the company. Through our Go For Growth campaign we have been highlighting some of the barriers to business expansion and, also, some of the opportunities. It’s great to be able to show the potential for success for Oxford Fiber but also to highlight to other eligible businesses that there is grant-funding available.”

For more information on the support available, contact the Chamber on 024 7665 4321 or email supportyourbusiness@cw-chamber.co.uk

Support programme for creative businesses is up and running

'Creative Warwickshire,' the first dedicated business support programme for Warwickshire-based creative and digital businesses, has successfully launched with 13 firms recruited for the first cohort from November to February.

The group comprises businesses from advertising & marketing, graphic design, visual arts, computer games, film and video who are eager to grow, get a grasp of new market opportunities and take their business skills to the next level.

They will have access to an intensive programme of specialised training, personal mentoring, workshops, seminars, inspirational guest-speakers and networking opportunities: all-in-all a unique opportunity to contribute to the growth of Warwickshire's digital and creative sector.

This is the latest initiative delivered through the partnership between Coventry and Warwickshire Reinvestment Trust (CWRT) and the Women’s Economy (WE). The programme, managed by Warwickshire County Council, is one of two projects under the Inclusive Enterprise Programme, part-funded by the European Regional Development Fund and part of the Coventry and Warwickshire Business Support Programme.

Sally Arkley, director of Women's Economy, said: "CWRT and the Women’s Economy are committed to developing an inclusive and vibrant economy in our region.

"Many individuals and businesses with whom we work with have to jump far out of their comfort zone even to be heard by the mainstream. We see our job as supporting people to tear up that rulebook and then write their own,”

Leamington Spa has just been identified as one of the top 20 Creative Clusters in the UK (‘The Geography of Creativity’, NESTA/Creative England, 2016). This programme will contribute to the continuing development of the sub-region as a powerhouse in the field.

The programme is designed to catalyse the growth of that creative sector in Warwickshire through training, network and investment opportunities and by working closely with partners such as the LEP, the universities and BID. The county's creative sector is strong already but there is scope for further growth by creating a new, energetic and dynamic group of businesses.

'Creative Warwickshire' is for all creative and digital companies based in the county and particularly welcomes applications from groups under-represented in the sector, such as women, ethnic minority businesses, entrepreneurs with disabilities or older participants.

A complementary programme to 'Creative Warwickshire' – 'Creative Springboard' - will be launched in early 2017. This sub-programme will be aimed at start-up businesses from the digital creative sector.

“Together, these programmes form the first phase of our long-term goal, which is to develop a comprehensive education, business support, finance and advocacy programme for the creative sector in the County,” said Sally Arkley, who is holder of the Queen's Award for Enterprise Promotion.

* More information about 'Creative Springboard' will be released in the upcoming months.

Skills for Employment breakfast meetings build links between business and education

Nuneaton was the venue for the first of a series of Business and Education breakfast meetings organised by Warwickshire County Council's Skills for Employment programme.

A series of breakfast meetings has been arranged following the council's successful Skills Conference in February this year when delegates asked if local events could take place in each borough and district to bring together businesses and head teachers.

As a result, the meetings have been set up to provide an opportunity for business and education leaders to establish relationships and discuss skills issues such as the recruitment of school-leavers.

This first took place on November 15 at Central Site, a Nuneaton firm specialising in off-site construction of homes and school buildings for local authorities.

Six local schools attended and heard Central Site sales director Brian Maunder outline the company's plans for growth.

"We are going to grow from 40 employees to around 160 in the next three years," said Mr Maunder. "And we need your help to  achieve this. There will be jobs in design and also support functions like Human Resources as well as factory-floor jobs in construction of buildings."

Another delegate at the meeting, Federation of Small Businesses member Adrian Young of Abbey Money & Property, said: "This is a triple-win situation. There is a national housing crisis, we have a business that is growing fast and we have local schools and colleges trying to help young people to find work and develop their employability skills."

Other breakfast meetings scheduled will be in Warwick on November 24 (led by school Campion School), Stratford-Upon-Avon on December 2 (led by Kineton School) and Rugby on December 9 (led by Avon Valley School).

To book your free place at one of the events, please e-mail skillsforemployment@warwickshire.gov.uk or call 01926-418027.

ERDF grant springs small family-run business to next level

A training company in Nuneaton has opened a new centre to celebrate its 20th anniversary thanks to a business support grant.

Profit from Training Partnership (PFTP) Limited has opened a training centre on Attleborough Fields Industrial Estate.

The family-run business specialises in automotive training, including tyre-fitting, brake-fitting, four-wheel alignment and air-conditioning courses, and also delivers teacher training, health and safety and personal development courses.

Until now the team has travelled to businesses across the country but they can now offer training at their Nuneaton base, thanks to a £3,000 grant. The company was assisted by the Coventry and Warwickshire Chamber of Commerce through the Coventry & Warwickshire Business Support Programme which is part funded by the European Regional Development Fund, with further support from Warwickshire County Council and Coventry City Council.

The company has already seen a boost in business thanks to the new building - and is now also looking to expand by delivering a wider range of courses.

PFTP managing director Alison Higginson said: “We are a small family business and, as it is our 20th anniversary this year, we thought opening a training centre would be an excellent way to celebrate. The new centre means we can now also deliver our courses from there, allowing flexibility for customers and more opportunities to improve the training we offer. Our running costs have gone down and our clientele has grown.

"We can now offer our services to smaller companies, such as small garages, who may not have the space or number of learners for us to travel to them but can send staff to our training centre.”

A 30% grant towards the new training centre came from the Business Support Programme which has £1.5m of ERDF funding available to support Coventry and Warwickshire Small and Medium Enterprises via capital investments to facilitate growth, leading to job creation.

“As we are quite a niche business we have never been eligible for grants in the past," said Alison. "However the Coventry and Warwickshire Chamber of Commerce were very helpful and identified that we were able to apply for ERDF funding. We have already had a lot of positive feedback about the new training centre.”

Helena Bassett, business advisor at the Coventry and Warwickshire Chamber of Commerce, said: “Profit from Training Partnership Limited has demonstrated exactly how much a grant can benefit a  business and we wish them every success in their new training centre.

“ERDF grants are available to established and new start-up businesses that need financial assistance, and we would urge eligible businesses in Coventry and Warwickshire to apply.

“If you are an SME with fewer than 250 employees and are looking to purchase capital assets such as machinery or equipment, or you are looking to move to new premises, you could benefit from up to a 30 per cent grant to cover the costs of your investment.

“We are looking to support businesses that have not previously received a grant and applications are welcomed from all sectors, except retail.”

For details and assistance with the application process, contact the Chamber at supportyourbusiness@cw-chamber.co.uk

Coleshill School and Sertec form exciting partnership

Staff from Coleshill School recently visited The Sertec Group's head office in the town to form a mutually beneficial partnership, particularly regarding apprenticeships and other employment pathways for students.

School staff met with Sertec's learning and development manager Judith Bagley and human resources director Steve Moore to devise an employability strategy for the young people at the school and the wider local community.

Sertec has ten sites across Europe, supplying components to some of the world’s leading automotive manufacturers including Jaguar Land Rover.  The company has grown rapidly over the last few years and now has 2,500 employees and a turnover of £250 million.

One of their current apprentices, Sean Rhodes, gave a presentation about his apprenticeship, starting from when he completed his GCSEs, through A' Levels, to his present position working towards an NVQ in Engineering, studying at Birmingham Metropolitan College for a foundation degree.  

Coleshill School headteacher Ian Smith-Childs believes the new partnership will greatly benefit both parties.

“As business partners we will be looking to work closely on apprenticeship opportunities for our students, starting as early as next summer," he said.  "There are lots of other opportunities as well such as: Our students being able to gain work experience within the engineering industry; Sertec supporting our practice interviews for Year 11 and Sixth Form; and presentations from Sertec at our future career events.

"As we are part of the Arthur Terry Learning Partnership we will also look for Sertec to form links with our other partner schools.

"We are extremely pleased to have formed such an exciting business partnership and are looking forward to working with, and supporting, Sertec over the coming years.”

* For more information about Sertec and opportunities there for apprenticeships and employment please visit www.sertec.co.uk or the company’s facebook page.

Can of dodgy beer was the catalyst for firm's export boom

A Warwickshire export company is raising a toast to a faulty air-conditioning unit which led to a lucrative new arm to the business.

Nick Hansen runs Warwick-based One Source, which began life as a telecoms company before branching out into exporting craft beers and ciders to China, Macau, Hong Kong and Japan through their sister company, 'UK to Asia'.

Such is the success of the company’s ale exports, it has recruited an international trade apprentice, through Coventry and Warwickshire Chamber Training, to assist with the growth.

But none of it would have been possible without a piece of entrepreneurial opportunism from Nick.

“I was in Hong Kong about five years ago on telecoms business," he said. "It was really hot and we were in a high-rise building for our final meeting of the day when the air conditioning packed in.

“We decided to finish the meeting off in the pub to escape the heat and there was only one English beer available. It was in a can and it wasn’t the best! A lightbulb flicked on inside my head.

"We set about exporting some of the wonderful craft beers and ciders we have in this country, especially this region. And we are now up to around £250,000 a year in terms of export sales.

 “We are in talks to start exporting to Japan and that would really take the business to another level. The products we offer are at the luxury end of the market and there is a lot of disposable income in the Far East.”

As orders and demand grew, Paris Calder joined as an international trade and logistics apprentice, helping to process orders and develop new contacts.

 “I am really enjoying it," said Paris. "I didn’t think college was right for me but didn’t really know the types of jobs that were out there. Chamber Training put this opportunity my way and I am so happy they did because not only am I learning new skills and gaining qualifications, I am also earning at the same time."

Ajay Desai, head of the international trade team in Coventry and Warwickshire, said: “This is a great example of a company diversifying in their own bid to Go For Growth.

“Overseas trade is vital for the economy of the region and equipping more young people with the skills to help us export is crucial. That’s why it’s great that Chamber Training can now offer the apprenticeship in international trade and logistics which is one of the first of its kind in the country."

Everything you need to know about the new Apprenticeship Levy...

In the 2015 summer budget the Government announced plans for a new UK-wide apprenticeship levy to commence in April 2017. The levy funds can only be used to fund apprenticeship delivery but will ensure their sustainability in the years ahead while also supporting the Government's target of creating three million apprenticeships in England by 2020.

The Levy is currently set at 0.5% of PAYE and all employers have an allowance of £15,000 so it currently only impacts on employers with a payroll over £3,000,000.

Here, Warwickshire County Council Apprenticeship Hub Manager Torin Spence explains in detail how the new Levy will affect businesses.

Apprenticeship Hub

Apprenticeship Funding and the Levy

From May 2017 the way apprenticeships are funded in England will change with the introduction of the Apprenticeship Levy. The Levy is being introduced by Government to replace all taxpayer funding of apprenticeships for companies of all sizes.

It starts from April 2017 at a rate of 0.5% of an employer’s wage bill, and will be paid through Pay As You Earn (PAYE). 

Who will pay the Levy?

All employers are liable to the Levy, however an allowance of £15,000 is in place so only employers with an annual paybill in excess of £3 million will be impacted on launch.

Where companies are connected, only one £15,000 allowance can be shared between them. The division of the allowance must be decided at the beginning of the tax year so, if during the year an employer becomes connected to a company which already pays the levy, the first employer would immediately become liable to pay on their full payroll.

How will the apprenticeship levy be collected?

The Levy will be collected monthly through the PAYE system, alongside Income Tax and National Insurance Contributions. Single employers with multiple PAYE schemes will only have one allowance.

Levy raised against the payroll of their employees who live in England will be available to fund apprenticeships. Funds raised against employees who live in Scotland, Wales or Northern Ireland will go into general taxation. 

What will employers get back from the levy?

Employers impacted by the Levy in England will be able to reclaim their contributions, with a 10% uplift, as digital vouchers to pay for training apprentices through the Digital Apprenticeship Service portal (DAS). This voucher system will not apply in Scotland, Wales and Northern Ireland.

Connected companies can pool their funds into a single levy to pay for apprenticeship training. But employers not connected to the group, such as companies in the supply chain, are not able to join the pool - but this might change in future years.

What can levy funds pay for?

Funds in the digital account can pay for apprenticeship training and assessment (with an approved provider and assessment organisation) up to its funding band maximum.

These funds CANNOT pay for wages, travel or subsidiary costs, managerial costs, work placements, traineeships, or the costs of setting up an apprenticeship programme.

Employers can use DAS funds to recruit new Apprentices or use Apprenticeships as a progression tool within the organisation where it gives employees progression and/or new skills.

From May 2017, if an employee wants to learn new skills, which are different from their existing qualifications, at a higher, equal or lower level, an employer can use their digital account funds to pay for this. 

Will funds in the DAS expire?

The Government has announced that unspent funds in an employer’s digital account will expire after 24 months. So for example funds entering the account in May 2017 will expire in April 2019, unless the employer uses them.

The digital account works on a ‘first-in, first out’ basis,  so payments automatically draw from the funds which entered the account first.

How much does an Apprenticeship cost?

All employers must choose a training provider and negotiate the cost of the training.

Every individual apprenticeship framework and standard has been allocated a funding band.

The new funding bands range from £1,500 to £27,000 and replace the existing framework rates and are irrespective of age – although there are allowance available for recruiting 16-18 year olds or young people. 

Government funding, either through the DAS or co-investment for non-levy payers (detailed below), cannot be used to pay for apprenticeship costs above the funding cap.

Is there any additional support?

Yes, there is an additional £1,000 available for employers if they take a 16-to-18 year old onto an apprenticeship or a 19-to-24 year old who has previously been in care or who has a Local Authority Education, Health and Care plan to help meet any extra costs associated with this.

This will be paid to employers in two equal instalments at three months and 12 months. Initially, these payments will be made to employers via their training provider, who will pass the money on. These payments will come direct from the government and will not be deducted from an employer’s digital account.

Employers who don’t pay the levy

If you do not pay the levy, you won’t need to use the digital apprenticeship service to pay for apprenticeship training and assessment until at least 2018.

From May 2017 you can choose the training you’d like your apprentices to receive, an approved training provider and an assessment organisation using the registers available on the digital apprenticeship service. Help with this is available from the National Apprenticeship Service and from the Warwickshire Apprenticeship Hub.

Government asks for a 10% contribution to the cost of this training and they will pay the rest (90%), up to the maximum amount of government funding available for that apprenticeship. This is paid directly to the provider and you will be able to spread it over the life time of the apprenticeship. Government is calling this a ‘co-investment’ model.

Employers with fewer than 50 people working for them will also be able to train Apprentices aged 16 to 18 or aged 19 to 24 and have previously been in care or who have a Local Authority Education, Health and Care plan at no cost. These employers will not be required to contribute the 10% co-investment; instead the government will pay 100% of the training costs for these individuals.

Grant funding opportunity for rural businesses in North Warwickshire

Businesses in north Warwickshire have until January 3 to sign up for a grant funding programme aimed at promoting rural development, economic growth and the creation of jobs.

The LEADER programme is now open for Outline Applications in three categories:

  • Micro and Small Enterprises: Offering support for businesses with fewer than 50 employees and a turnover of less than €10m.
  • Farming Productivity: Offering support for a wide range of farm investments which will encourage innovative business practices and new technologies to become more sustainable and productive.
  • Forestry Productivity: Supporting delivery of permanent new supply-chains and jobs which, at the same time, restore regular management to local woods and encourage a greater degree of added value to the timber output.

Applicants must be in the LEADER area which is the rural expanse of North Warwickshire and Hinckley and Bosworth.

If you have a project idea which requires financial support then please get in touch with the LEADER Programme Team on 01827 719 271 to see if you are eligible to apply.

James scoops apprentice award

James Ward, Warwickshire County Council Apprentice

Warwickshire County Council apprentice James Ward has scooped a prestigious award at the Coventry & Warwickshire Apprentice of the Year Awards.

A 350 strong audience saw James collect the award for Transportation, Operations and Maintenance Apprentice of the Year.

James has worked as a Highway Engineer Apprentice for Warwickshire County Council since September 2014 and is passionate about raising awareness about the advantages of apprenticeships. He recently worked with the Local Government Association and featured in a book that they produced to drive awareness about public sector apprentices.

On winning his award, James said: “It’s a great honour to win and get the recognition, not just for myself but also for the other apprentices across the county council. Apprenticeships are a legitimate alternative to university and offer a great route into employment.”

Over the past three years, more than 130 young people have realised the benefits of taking up an apprenticeship at Warwickshire County Council. Over 80% who complete an apprenticeship secure employment with the council, while others take up employment opportunities elsewhere or go on to further education.

Cllr Izzi Seccombe, Leader of Warwickshire County Council and Portfolio Holder for Economic Growth, said: “We are proud to support the Coventry and Warwickshire Apprenticeship Awards and we congratulate James on getting the recognition he so richly deserves. At Warwickshire County Council we are passionate about apprenticeships and believe they offer young people an excellent future.”

Councillor Philip Johnson added: "These awards are a wonderful way to celebrate the success of apprenticeships across Coventry and Warwickshire and we hope many more businesses and young people will benefit from apprenticeships.”

The awards took place at Coventry Cathedral and were backed by partner organisations Coventry and Warwickshire Local Enterprise Partnership (CWLEP), Warwickshire County Council, and Coventry City Council.

The evening, which was hosted by Touch FM’s Ollie Gallant and Si Alexander, recognised sixteen award categories. Winners from the evening, as well as organisations that champion apprenticeships, will become C & W Apprentice Ambassadors to promote apprenticeships at local schools and careers event throughout the year.

Business urged to tell Government what support they need to "Go for Growth"

Businesses across Warwickshire have been urged to grasp the opportunity of Brexit to tell Government exactly what they need in order to grow.

The message came from former minister Michael Portillo, speaking at the Coventry and Warwickshire Chamber of Commerce’s annual economic conference at the Ricoh Arena where the theme was "Go For Growth."

Mr Portillo stressed his belief that the low pound, which has dipped in value since the referendum decision to leave the EU, should be a catalyst for firms to export.

And he urged the local business community to seize this moment to make it clear just what support they require to fully exploit that situation.

“Trade is the most important thing and this is the opportunity, through the Chamber, to tell the Government what you need practically to export more and to grow," Mr Portillo said.

“The Government is as desperate as you are that overseas trade should be a success and my advice would be to strike now.

“There is an opportunity to attract more business into this country because it is now a great deal cheaper than they would have ever imagined, so the 'Go For Growth' slogan for this conference is entirely appropriate.”

Mr Portillo's address to the conference was preceded by contributions by Marcus Jones MP and Coventry and Warwickshire Local Enterprise Partnership chairman Jonathan Browning, who were interviewed by event facilitator Adam Dent, managing director of Advent Communications.

They discussed the region’s potential place in the West Midlands Combined Authority and the Midlands Engine and touched on the barriers to growth such as a lack of employment land and lower productivity.

Mark Berrisford-Smith, head of economics for HSBC Commercial Banking, predicted a slowdown in the UK economy as opposed to a recession. He also warned against placing too much expectation on the low pound leading to a major growth in exports because it didn’t happen the last time sterling fell.

The second half of the conference saw six panellists take to the stage to look at some of the barriers to growth in the region and how to overcome them.

Warwickshire County Council's Economy & Skills Group Manager Dave Ayton-Hill joined Jason Aldridge (Arrowsmith Engineering), Paul Noon (Coventry University Enterprises), David Burbidge (chair of Coventry’s UK City of Culture bid for 2021), Debbie Harper (HSBC) and Lee Rogers (Simplify IT) to discuss everything from apprenticeships to the image of the region.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said the conference had entertained and informed the 300 delegates from across the region.

“It was again a great conference," she said. "We all know that these are uncertain times for businesses across Coventry and Warwickshire on the back of Brexit, but our speakers helped to bring some clarity to the issues that we are all facing.

“I would personally like to thank all of the speakers, the sponsors and to those who attended for making such as successful event.”

Railway links help turn Leamington into booming business hub

Leamington has been named as one of the UK’s fastest-growing business hubs.

Research by rail-bookings specialists Trainline for Business has shown the Spa town to be one of the most attractive places in the country for entrepreneurs and growing enterprises.

The four-year study found that travel by small and medium-sized businesses has increased by 121 per cent on the rail route between Leamington Spa and London, offering significant potential benefits for Leamington’s range of gaming and other high-growth companies.

Trainline’s data reveals that Leamington-based businesses are capitalising on the increased mobility and interconnectivity between locations in the UK.

Paul Miles Rogers, chairman of the Warwickshire & Coventry region of the Federation of Small Businesses (FSB), said: “It’s great to see Leamington named among the UK’s fast-growing hubs in the country for entrepreneurs and enterprises.

“Over the past few years we have seen partners in Coventry and Warwickshire coming together to support start-ups and help businesses prosper, so it’s exciting to see it is having an impact on the economy.

"The FSB is committed to helping new businesses grow and that’s why we offer a range of practical benefits that help them save time and money."

Dr Alasdair Rae, senior lecturer in urban studies and planning at the University of Sheffield, who verified the Trainline for Business data, believes the growth in travel to and from regional destinations suggests a growing appetite for SMEs to be based outside London.

 “Trainline’s data on rail business travel provides a compelling and timely insight into the geography of SMEs across the country," said Dr Rae. “It is clear that something significant is happening in terms of the growing number of SMEs choosing to do business outside London.

“With cheaper rents, quick access to the capital and highly-skilled local labour markets, many SMEs appear to be taking advantage of key towns and cities across the UK, with Leamington Spa proving particularly popular."

Community Messaging Service helps protect your business

Warwickshire Business Watch is in now in full flow across the county with advice sheets, useful links, news, events and incidents being added to the website and updated via Twitter on a regular basis.

In this contribution to Warwickshire Means Business, we will focus below on the importance to your business of email security. But first the latest on our new alert system, the Community Messaging Service, which is now in operation and going from strength to strength.

CMS allows for multiple messages to be sent out immediately to specific areas of Warwickshire. It comes with a range of features to make the information received more user friendly.

To access the Warwickshire Business Watch website and sign up to the CMS Alerts please visit: www.warwickshirebusinesswatch.co.uk or use the Twitter address @WarksBusiness.

We also now use the ‘Keep Me Posted’ system. This is a national government messaging system which enables the subscriber to receive any information that is added to the Business Watch website directly into their inbox. It covers a range of topics from the local area but also nationally if requested.

To sign up to the Business Watch alerts visit the link:

https://public.govdelivery.com/accounts/UKWARWICKSHIRE/subscriber/new?topic_id=UKWARWICKSHIRE_22

Email Security in your Business

Emails have become a way of life; they are used at work, at home and on the move and transcend geographical barriers. However, this development in communication, while massively beneficial in some ways, also has its drawbacks. It has led to around half of all emails sent being spam.

Here we take a look at some of the vulnerabilities and how these can be protected.

Dangers of Emails

  • Shoulder surfing - With the increase in mobile technology, employees can now work from practically anywhere, whether this is with mobile, laptop or tablet. The danger of this is that, when you are working in a public place, someone nearby may take the opportunity to watch what you are doing. Always be careful when opening sensitive emails in a public place. This also applies to working with any sensitive data.
  • Phishing - Phishing refers to the process of deceiving recipients into sharing sensitive information with an unknown third party (cyber criminal). It is often carried out via email, masquerading as a legitimate source but in fact is looking to steal personal details such as login information.
  • Attachments and spelling mistakes – If the email is from someone you do not know and is unexpected, you should be cautious about opening any attachments as they could be harmful to your computer. In order to identify a phishing email as well as unusual attachments, you can look out for spelling mistakes or an unusual email address that sent the email in the first place.
  • Spear Phishing – These are specific phishing emails targeted directly at your business. They are often harder to detect as they are likely to look like they are from a company you do business with and will seem plausible.

Working Securely

  • Secure Email - There are certain email systems that operate much more securely and offer higher levels of encryption so anything passed through them is much more protected.
  • Encryption - Encryption is discussed in detail on the Warwickshire Business Watch website but essentially means securing the contents of the email, i.e. attachments, before they are sent so that if intercepted, the contents cannot be read.
  • Staff training - Human error plays a large part in criminals gaining access to your business via email. It only takes one person to open an attachment or click a link which could jeopardise your whole computer network. It is important that all staff are aware of the risks and are always cautious of unexpected emails.

* Warwickshire Business Watch was created in partnership between the Warwickshire County Council Community Safety and Substance Misuse Team, the Police and Crime Commissioner and the Police.

College eager to build work-experience links with Stratford businesses

Stratford-upon-Avon College has launched a new partnership designed to open up maximum employment opportunities, as well as advice and guidance, to all its learners.

The College is now working in partnership with recruitment company Proactive Education to secure rewarding work-experience placements for all full-time students and collaborate with employers to source apprenticeship opportunities.  

Samantha Fitzgerald, Jane Trevellick and Nick Brosnan from Proactive Education are based in the College Job Pod three days a week. They run a drop-in service every Tuesday, Wednesday and Thursday, offering skills and employment advice to all learners and sharing the vital work-readiness skills sought after by employers.

Samantha explained: “We are delighted to be working in partnership with Stratford College. The team has over ten years experience in education and training delivery and we are currently in the process of recruiting companies in the Stratford area who are keen to offer placements.

"Our aim is to deliver work experience for every student; we act as a single point of contact, ensuring the whole process runs smoothly and the needs of both student and employer are met.”

Stevie Edmund-Jones, Head of Employer Engagement at the College, is excited at the prospect of working with Proactive Education.

“This innovative partnership will be of enormous help to our learners and local businesses alike," he said. "Both parties will benefit greatly from Proactive Education’s expertise in setting up suitable work experience and apprenticeship placements.

"Our learners will receive impartial employment advice and gain invaluable work-based training, whilst employers will be able to expand their workforce in a cost-efficient manner and ensure it is fully skilled.”

Samantha and Nick are also happy to welcome non-college students into the campus to provide employment advice to the general public.  So anyone considering a change in vocation, or who feels they would benefit from impartial guidance on career opportunities, are welcome to get in touch.

For more information, please visit www.stratford.ac.uk or call the College on 01789 266245.

New course for students eyeing career in health and social care

Students in Warwickshire can nurture their skills in health and social care in an exciting new Warwickshire County Council-backed project in schools across the region.

Leading training provider Midlands Training and Development, with development partner Warwickshire County Council's Skills for Employment Programme, has launched ‘Caring for your Career,' an eight-week programme for students in Years 11 and 12.

During two months the students will develop the skills they will need to become a future health and care professional. They will benefit from a series of interactive workshops designed to investigate the values required within health and care sectors.

Learners will benefit from workshop delivery tailored to each participating school, with contributions by National Health Service employers, General Practitioner practices and federations and local private care providers. In addition, students will be able to boost their learning with optional components including personalised one-to-one career profiling and apprenticeship-ready workshops.

There will also be the opportunity to achieve a Level Two Emergency First Aid at Work qualification to enhance employability.

Leader of Warwickshire County Council and Chair of the Warwickshire Health and Wellbeing Board Izzi Seccombe said: "These practical interactive workshops led by key practitioners in the sector will give a real flavour of the variety of roles on offer. They will provide young people with an insight into the fantastic work being carried out in the fields of health and social care in Warwickshire.

"It will provide an opportunity for young people to gain employment in the sector when they leave school, which in turn will help address employers' skills shortages. People working in this sector carry out vital work in our communities and can make a real difference to the lives of some of the most vulnerable members of our community."

Clare McKenzie, commercial director of not-for-profit organisation Midlands Training and Development, added “We are looking forward to inspiring the next generation of carers.”

JMB gets royal approval with the Queen's Award for Enterprise

Warwickshire-based business The JMB Partnership has received the prestigious Queen’s Award for Enterprise.

The Queen’s Award, one of the UK’s highest accolades for British business success, is awarded upon the Prime Minister’s recommendation and The JMB Partnership, a sales and marketing agency, was given the honour for their outstanding contribution to international trade.

Along with Nuneaton-based retailer Holland & Barrett, The JMB Partnership, in Wellesbourne, is one of just two organisations from the region chosen to receive the award this year.

Only businesses which demonstrate the highest levels of excellence within their field are considered for the award. JMB was recognised for their substantial growth and commercial success in the international business arena and year-on-year growth in overseas sales and export activity.

The coveted crystal bowl was presented to JMB managing director James Blakemore by Her Majesty’s Lord-Lieutenant of Warwickshire, Tim Cox, watched by chairman of Warwickshire County Council, Councillor Bob Hicks and fellow business leaders.

“It’s a true honour to receive such recognition for the hard-work put in and the successes achieved over the last few years," Mr Blakemore said. "I am immensely proud of the whole JMB Team for their commitment to driving both our own and our clients’ businesses forward.

"It is the pinnacle of achievement in terms of recognition for our proactive, dedicated approach to championing local, regional and international business growth.”

In recognition of the award, earlier this year Mr Blakemore and JMB account director Sarah Kingston were invited by the Queen to attend a formal reception at Buckingham Palace.

Apprenticeship set Shakeela on the right path

The value of a good apprenticeship has been underlined by a new appointment made by EEF Venues at its venue in Leamington Spa.

Shakeela Cumberbatch has joined the business at Woodland Grange in Leamington where she is now responsible for generating new leads and developing business across the group.

And Shakeela arrived in her new job having benefited from the unique hands-on experience which comes from an apprenticeship. After leaving college in August 2014 she joined The Ricoh Arena in Coventry as an apprentice before going on to become a sales executive there.

With that grounding, she quickly progressed through the ranks to gain strong experience of working within a highly-targeted sales conference sales environment to secure high profile corporate clients and large events.

Now she joins the sales team at EEF with a brief to support its operation across its three AIM gold-accredited venues: Woodland Grange in Leamington Spa, Broadway House in Westminster and Engineers’ House, Bristol.

David Vaughton, director of venues for EEF Venues, said: "Our year-on-year order book is 21% ahead of the corresponding point last year, so this latest investment is an indication of the confidence we feel in the market.

“The diversity and calibre of the business gained is testament to our strong sales team, led by Anna Poole, our national sales manager, whose commercial focus and people skills continue to impact on our performance.”

Rural businesses give green light to carbon vehicle technology

Delegates at a Warwickshire Rural Electric Vehicle (WREV) showcase saw evidence that the pioneering spirit which has long made Coventry & Warwickshire a world leader in automotive development still beats strong.

At the recent event at Stoneleigh Park, delegates discussed the latest low carbon vehicle technology and enjoyed a test drive. The day featured presentations from industry experts who reported back on a WREV trial in which small rural businesses based in Warwickshire adopted electric vehicle technology for work and leisure.

The two-year trial, by Coventry University, Warwickshire County Council and Greenwatt Sustainable Solutions, saw 16 local businesses from a range of sectors ditch diesel and hook up to electric cars and vans. It was aimed at supporting rural SMEs interested in adopting electric vehicle technology in an attempt to lower vehicle costs and reduce their carbon footprint.

Mike Woollacott, project director of Greenwatt Technology, said: “Electric vehicles are not suitable for every situation but are ideal for rural businesses with local transport routes. Our project participants were impressed by the driving style and comfort of the electric cars and vans with benefits including: no exhaust fumes and emissions, fuel savings which can be reinvested back into the business, and not having to rely upon rural filling stations.”

During the event, Warwickshire County Council, Coventry University and Microcab Industries Ltd announced a low carbon vehicle collaboration. The council will provide a test bed for the Microcab H2EV, adding the vehicle to its fleet to trial over the coming months. Staff will use the car to attend meetings and carry out duties around the county, providing useful feedback on their experience.

The car has a range of 180 miles on hydrogen and another 20 miles on its back up electric cell. It is particularly suitable for journeys to Atherstone, Bedworth, Kenilworth and Nuneaton as the hydrogen filling station is located in Coventry.

Microcab Industries, a spin out from Coventry University, is one of many SMEs in Coventry & Warwickshire, engaged in the low carbon R&D supply chain, to attract the attention of automotive companies from around the world.

Councillor Izzi Seccombe, Leader of Warwickshire County Council, said: "At Warwickshire County Council we are committed to protecting the environment and this joint enterprise will help raise awareness of the creativity and research taking place in the locality as well as improve the council’s experience of operating low carbon vehicles.

Councillor Philip Johnson added: "This collaboration will promote the innovation and support that’s available both locally and nationally. Reducing carbon emissions from the transport sector remains an important concern that impacts all UK motorists."

The Council is one of the first local authorities in the country to take part in a hydrogen-powered car trial.

The project was part of the Warwickshire Rural Growth Network programme which was funded by DEFRA and managed by Warwickshire County Council on behalf of the Local Enterprise Partnership. 

Warwickshire Skills Conference 2017

The third Warwickshire Skills Conference for business and education leaders will take place on 13th March 2017 at 8-10 am at Chesford Grange Hotel near Leamington Spa. The focus will be on identifying the financial benefits of business and education collaboration and highlighting the types of activity that have most impact. For example, a recent ACAS report stated it costs around £5,000 every time a business recruits a new member of staff using traditional external recruitment methods or an agency. However, direct recruitment from a school or college would cost a fraction of that amount.

One of the businesses already benefiting from this approach is Alumet Systems UK based in Southam. The firm is working with Southam College which received a grant from Warwickshire County Council to develop the employability skills of students and support local businesses.

Janice Amey, HR Manager, says, “As a specialist company in construction it’s getting even harder to attract people with the right skills, particularly as a small business in a rural area. By working with a local education provider, students are recognising the opportunities available on their doorstep and we have an opportunity to grow our own highly skilled workforce.”

A case study illustrating the college's collaboration with local businesses and the impact achieved is available here: http://apps.warwickshire.gov.uk/api/documents/WCCC-688-246

For more information about the conference or to find out how your business could work with a local education provider, please e-mail skillsforemployment@warwickshire.gov.uk or call 01926-418027

Warwickshire honoured at Westminster in Enterprising Britain Awards

Cllr Alan Cockburn and Matthew Epps of the County Council were at the Palace of Westminster this week on behalf of the Warwickshire Rural Growth Network partners to receive a Highly Commended Award at the Enterprising Britain Awards 2016.

The Awards were presented by Margot James MP, Parliamentary Under-Secretary of State for Small Business, Consumers & Corporate Responsibility.

The Warwickshire Rural Growth Network, designed to help existing businesses to grow whilst providing support for new start-ups, received the Judges Highly Commended Award.

The Enterprising Britain Awards celebrate local initiatives which boost business and growth. The Rural Growth Network (RGN) was designed to help existing businesses to grow as well as provide support for start-ups – with a particular focus on supporting women-led enterprises. It delivered a flexible package of support for businesses in rural areas including workshops, one-to-one mentoring, coaching, specialist advice, small business loans, grants and new business premises.

Over the last three years the RGN has supported 738 small businesses, helped 185 people to start a business and created or safeguarded more than 550 jobs in rural Warwickshire. Businesses supported include a local brewery, a luxury glamping, camper manufacturer, advanced manufacturing and engineering companies, publishing firms, Alpaca breeders, product designers and food manufacturers. It also supported a new, highly successful Rural Innovation Centre at Stoneleigh Park which was developed in partnership with LaSalle Investment Management.

The Warwickshire RGN, one of just five pilots in the country which ran from October 2012 until earlier this year, was led by Warwickshire County Council on behalf of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP). It was funded by Defra, the EU’s Rural Development Programme for England (RDPE), Warwickshire County Council and a range of private sector partners.

For more details about the Enterprising Britain Awards visit: http://www.enterprisingbritainawards.co.uk

Cllr Cockburn and Matthew were receiving the award on behalf of the wider County Council team and the partnership of 12 local partners and specialist delivery organisations which delivered the Rural Growth Network.

Guest column

Clarity of thinking is key to success in business

Running a business is a complicated brief, high-pressure and time-consuming. Running one successfully enough to have time to properly enjoy the fruits of it - that's what every business-owner aims for.

It can be done, says high performance business development coach Tarlochan Gill. And clarity of thinking, assisted by some good old-fashioned writing things down, is key.

Business owners have two important lists that are constantly on our minds: Our list of ‘Frustrations’ and our list of ‘Wants’.

Many business leaders have frustrations such as: A lot of issues that go with a growing business; lack of awareness within the business around ongoing issues; lack of action around that awareness to address those issues

Does this sound familiar?

I also continuously hear from business leaders a list of ‘Wants’. "I just want my people to get the job done"; "I want more time to focus on what I love and enjoy”; "I want to kick back a bit."

Many of us still want a growing business somehow to be less hands-on. Is this possible? Can we have both?

In my experience, there is a lot we can do.

Firstly, as a business owner, you need to pinpoint your strengths and weaknesses. No, not in your head! On paper! You need to ink it, and really think it through. Then see how these traits are playing out in the organisation in the context of your ability to: Inspire people to see the vision as you do; influence others to care about what really matters; get things done.

As they say, “know your weaknesses”, and “play to your strengths.”

If you haven’t already done this exercise, I urge you to invest some time in doing it. High-performing business leaders address this exercise on a regular basis. We know that, as leaders, we are key to how the business performs. We need to be at the top of our game. We set the tone, the standards and the energy. It all starts with us.

To take the guesswork out of this exercise, and to get tangible, useable results quickly, we have developed a powerful tool called the Business Leadership Profile (BLP) to clearly identify and clarify strengths, weaknesses and ambitions.

From this profile we create key, tailor-made coaching programmes that can expedite high-performance leadership by directly addressing your frustrations and achieving your wants now, rather than constantly deferring them.

Your frustrations will continue to run the show until you get clarity about what you really, really, want.

* If you want to know more, please contact me at tc@tcgill.com or call 07977 007350 and we can arrange to have an informal chat. I can show you what we do, how it works and how it can be applied to transform frustration into performance.

Events

Upcoming events...

Rugby World Hall of Fame, official opening: Thursday 17 November, Rugby Library, Art Gallery and Museum, Little Elborow Street, Rugby, CV21 3B2. www.rugby.gov.uk/halloffame

Warwick, Coventry and Solihill Federation of Small Business, Regional Conference and AGM: Monday 21 November, 6.30-8.30pm, Warwick Trident College, Trident Park, Poseidon Way, Royal Leamington Spa, Warwick CV34 6SW. http://www.fsb.org.uk/regions/warwickshire-coventry/events

Coventry to host new West Midlands innovation showcase: Tuesday 22 November, 10am. MTC Limited, Coventry, CV7 9JU. http://bit.ly/nucleusWM

Coventry and Warwickshire Chamber of Commerce, Business is Good for Women Networking Lunch & Exhibition: Tuesday 22 November, 11am to 2pm, Warwick House, 10 Warwick Road, Southam, Warwickshire, CV47 OHN. £30+VAT member rate. http://www.cw-chamber.co.uk/events/business-is-good-for-women-networking-lunch-exhibition/

Nucleus Expo West Midlands: Tuesday 22 November. Manufacturing & Technology Centre, Ansty Park, Coventry CV 9JU. A new science, technology and engineering-themed event comprising presentations, networking opportunities and exhibitor showcases. Attendance free. To register, please visit eventbrite.co.uk/e/nucleus-expo-2016-west-midlands-tickets-26521100325

Nuneaton and Bedworth branch of Federation of Small Businesses, AGM: Wednesday 23 November, 6-8pm, Swan House Business Centre, The Park, Bosworth Hall Estate, Market Bosworth, Nuneaton, Warwickshire CV13 0LJ. http://www.fsb.org.uk/regions/warwickshire-coventry/events

Creative Warwickshire Workshop: Innovation for your business: Thursday 24 November, 1.30-5.30pm, Episode Hotel, 64 Upper Holly Walk,Leamington Spa, CV32 4JL. http://www.inclusive-enterprise.co.uk/creative-warwickshire/programme-details

Rugby Federation of Small Businesses, Networking Breakfast: Friday 25 November, 7-9am, The Morgan Centre, Rugby College, Technology Drive, Rugby CV21 1RW http://www.fsb.org.uk/regions/warwickshire-coventry/events

Meet Your Chamber Networking Lunch: Thursday 1 December 2016, 11:30am to 2pm. Nettle Hill, Brinklow Road, Ansty, Coventry, CV7 9JL. http://www.cw-chamber.co.uk/events/meet-your-chamber-networking-lunch/

Meet the Bank of England with FSB Coventry Wawickshire and Solihull: Monday 5 December, 9.30-11.30m, Venture House Business Centre, Avenue Farm Industrial Estate, Birmingham Rd, Stratford-upon-Avon CV37 0HR. Exclusive round-table debate with guest speaker Graeme Chaplin the Bank of England representative for the West Midlands. http://www.fsb.org.uk/regions/warwickshire-coventry/events

Stratford First Wednesday (Federation of Small Business): Wednesday 7 December, 6-7pm, El Greco, 27 Rother St, Stratford-upon-Avon CV37 6NE. Meet and greet over a drink over work. http://www.fsb.org.uk/regions/warwickshire-coventry/events

Creative Warwickshire Masterclass; Christmas Social and Networking: Thursday 8 December, 6-8pm, Cafe Deli. 53 Regent Street, Leamington Spa, CV32 5EE. Informal drinks event. Peer-to-peer problem-solving where participants discuss issues facing their business.  http://www.inclusive-enterprise.co.uk/creative-warwickshire/programme-details
 
Stratford First Wednesday (Federation of Small Business): Wednesday 4 January, 6-7pm, El Greco, 27 Rother St, Stratford-upon-Avon CV37 6NE. Meet and greet over a drink over work. http://www.fsb.org.uk/regions/warwickshire-coventry/events

People Profile

Sim's in the swim at Inward Investment

For a chap with a degree in marine biology, Simeon Lee has ended up working a long way from the sea.

Within England, you couldn't get much further away from the coast than land-locked Warwickshire - but Sim is very happy with the challenge on his horizon as he settles into his role as Inward Investment Officer in Warwickshire County Council's Economy & Skills department.

Sim, 27, has arrived at Barrack Street with abundant energy, plenty of relevant experience and a sense that, amid a career which has so far been interesting and diverse, he has now a role into which he will settle and grow.

"I'm really looking forward to getting to grips with the job," he said. "I have a lot to learn but there are some great people around me to learn from. And I think I have a lot to ideas to bring to the team.

"I love the idea of making a real difference; of doing a job which helps bring into the county investment that will provide jobs and help support communities. It is a really varied, stimulating role. What we do in the Economy & Skills directly impacts on communities. We can really help."

That is certainly true. Many businesses have been attracted to, and helped become established in, Warwickshire by the support and advice from the county council's Inward Investment team.

Sim's task is to help keep up that momentum. It is one he is relishing, though it is a far cry from the career which beckoned when Sim was studying for his marine biology degree at the University of Plymouth. A future in science or ecology was the plan but, after browsing his options post-degree, he decided instead to travel abroad, encouraged by the fact that he has family in Taiwan and China.

Those travels took in Australia - and led to the first job which tapped into his passion for dealing with and helping communities. In Melbourne, the big city at the heart of Victoria, he became manager of the Catholic Leadership Centre.

Based in bustling east Melbourne, the centre is a major enterprise - a conference centre and learning facility promoting and supporting all sections of the community from businesses to adult education.

"I thoroughly enjoyed it there," he said. "It was a real community-based role, very people-facing, dealing with businesses and schools and promoting events. My role involved attending events, dealing with delegates and also selling the centre as a base both nationally and internationally - much as I now do Warwickshire.

"The Australian people were great. Really laid-back and sports-mad. It was a very interesting job but then my girlfriend Rachel and I were getting to the end of our visas and had to decide whether to renew or return to England and settle down."

They chose the latter. And as Rachel is from Leamington Spa, and keen to set up her business as an educator and hairdresser, Warwickshire was their choice. For a couple of years Sim, a keen mountain-biker and rock-climber, worked as an administrator at Premier Ink in Sydenham but, though a pleasant job within a great team, it did not stretch him.

Now he is prepared to be stretched.

"At first I will be shadowing senior investment officer Stacy O'Connor, which is great because she had a lot of experience and knowledge to pass on," he said. "It is a really interesting challenge because Warwickshire is such a diverse county with an appeal which applies to such a wide spectrum of potential investors. Of course there is a huge automotive history to the county but it's not just the automotive sector, it's digital, retail, service, agriculture.

"Warwickshire's business community has so much going on for us, as an Inward Investment team, to work with and I am really happy to be involved."

Warwickshire Outlook

Post-Brexit inflationary pressures starting to impact on consumers

One of the most significant and obvious impacts on the economy of the EU referendum result earlier this year is the strong depreciation in the value of sterling. 

The pound has fallen considerably against a range of currencies, and particularly the US Dollar (down around 18% from its peak before the referendum) and the Euro (down by about 15%), as shown in the graph below.

DollarEuroGraph

 

While a less valuable pound should be good news for exporters (whose goods now appear significantly cheaper in overseas markets) and for overseas tourists visiting the UK, it also had the consequence of increasing the cost of imported goods and services. 

While these price increases may not be immediate (as wholesalers often hedge the prices of goods for a fixed period to mitigate volatility in the markets), there are signs that inflationary pressures are starting to work their way through the system to consumers.

First there was the very public disagreement between Tesco and Unilever over the price of Marmite and other goods (which has consequently led to an average price-rise of a basket of Unilever goods in the UK’s four biggest supermarkets rising by an average of 5.7%); then reports that the makers of Typhoo Tea and Walkers crisps were requesting a 12% price increase; and finally (and possibly the last straw!) images that Toblerone has remodelled its bar to reduce its size to offset the cost increases. 

Within a globalised economy, many UK manufacturers also import a lot of their components. As a result, while the relative cost of their final goods may be cheaper overseas due to the weak pound, this may not necessarily lead to an increase in output and profits as input costs are offsetting these benefits. 

The latest Purchasing Managers Index survey for manufacturing highlighted the sharpest rise in purchasing costs for the sector in the near-25 year history of the survey. The service sector is being similarly affected, with the sister PMI survey showing the biggest one-month jump in costs for 20 years in October.

In its most recent Quarterly Inflation Report, the Bank of England forecast that inflation would rise from 1.3% this year to 2.7% in 2017 and 2018, and would remain above the Bank’s target of 2% until 2020. These inflationary pressures are expected to impact on real disposable incomes of households over the coming year, reducing spend and constraining the growth of the economy in 2017 and 2018.

The Bank of England has reduced its forecast for growth in these years, along with other commentators such as the CBI and the National Institute of Economic & Social Research. There has even been some rather pessimistic talk of the UK entering a period of stagflation, which occurs when there is very low or zero economic growth coupled with high inflation and creates an equilibrium from which it is difficult to break out (as evidenced by Japan’s so-called “lost decades” of the 1990’s and 2000’s).

While this scenario is extremely unlikely, inflation is a concept and phenomenon that is back in the headlines after a few relatively quiet years, and a further issue that policy-makers will need to contend with in the future. 

Given that the pressure on prices is largely external to the UK, import substitution and “buying British/buying local” is certainly an area of opportunity going forward – both for consumers and for businesses.

Small Business Saturday is just one example of positive action that can be taken on this agenda, and something that Warwickshire County Council is again helping to support and promote.  For further information, go to: www.warwickshire.gov.uk/smallbusiness-saturday.

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