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Business advice and inspiration from the UK. Helping entrepreneurs join the workplace revolution to start and grow their own business. With readable columns on insurance, the law and growth advice and assistance. Centred on the Milton Keynes, Buckinghamshire and Bedfordshire area, the advice is relevant to business growth anywhere!
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1
Issue OnePlease mention Inspire Magazine when responding to advertisements.
ISSUE FIVE • AUTUMN 2014
WOMEN IN ENTERPRISESarah wins jewellery awardPage 20
SOMETHING ABOUT MARYMary Seacole’s charity fundraising ballPage 4
BROUGHT TO BOOK Writing a book can benefit your businessPage 16
Behind the LinesHow former soldier Gordon Lines came back from the brink. Pages 18 & 19
WELCOMEto the region’s newest and best
businessmagazine
Making an exhibitionBusiness to business event in October. Page 12
Perils of pensionsTony Byrne’s new column. Page 11
MAIN FEATURE
IT’S OUR BUSINESS TO INSPIRE YOUR BUSINESS
3
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Velocity scheme helps business grow (p5)
What if the worst happens? Be prepared! (p7)
Inspiring offers. How to advertise in this magazine (p17)
Head of steam for East West Rail (p26)
Louise’s salon days (p27)
News round-up (p34)
welcome
In this issue5
7
27
EXPERIENCES TO FILL MANY LIFETIMESGORDON LINES, THE SUBJECT OF THIS EDITION’S MAIN FEATURE,
COULD FILL SEVERAL LIFETIIMES WITH HIS EXPERIENCES.A former soldier, Gordon has faced death behind the lines and in business
life looked down the barrel of a shaking robber’s gun. You can read his inspirational story in the centre spread of this edition.
But he’s also seen rock bottom. Huge stresses from his professional and personal life led to alcoholism and a nervous breakdown. To top it all, he’s
also suffered a heart attack. A trained military medic, he knew what was happening and drove himself home and called the ambulance.
Stress, he believed, may have caused a lump of cholestorol to go spinning through his bloodstream before becoming blocked in his heart.
Like many ex-servicemen Gordon has many skills for business and a fighting spirit to boot.But like life in the military, he couldn’t do it alone. Gordon has many people to thank in his
own family, his patient and caring wife, his GP, staff at Milton Keynes hospital and a charity helping him come to terms with post traumatic stress disorder.
The rest of us, too have others to thank for our success. Nobody does it alone. Here, at Inspire we appreciate all the people who make it possible. Bartham printers,
publisher Mostaque Koyes, designer Heather Ellis, our fabulous readers and growing band of advertisers, the receptionists who take copies and our distributors.
All vital cogs who make it possible for Inspire’s wheel to turn.Thank you for reading the magazine and being a part of #TeamInspire. Follow us on Twitter
@inspirebizmag or email me [email protected]
For copies of the magazine for your reception or to receive a top-up supply, email [email protected]
FOLLOW US ON TWITTER@INSPIREBIZMAG
Publisher:Community Communications, 12 Alexandra Avenue, Luton Beds, LU3 1HG
Editor:David [email protected]
Advertising: Mostaque [email protected]
Design:Heather [email protected]
Printed by:Bartham Groupwww.barthamgroup.com
DisclaimerAny views expressed in Inspire Business Magazine are those of the individual authors and not necessarily those of the publisher.No part of the magazine should be copied or distributed without the prior consent of the publisher and remains the property of the publisher.
welcome
4
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
feature
Mary’s having a Ball
There are many reasons why high profile events can be good for business, especially if you run a good cause like Mary Seacole Housing Association, writes David Tooley.
It’s not all about the money although of course the Friendly Society, which provides supported accommodation in six premises for young single homeless people aged between 16 and 35, needs a steady income to keep its vital services going around the clock.
Last year’s Mary Seacole Fund Raising Ball was attended by around 400 people from various voluntary agencies, staff and the general public who supported the event.
“Engaging with our supporters is a vital reason for us holding big events”, said charity ball organiser Elaine Cruise. “By giving people a good time, we are helping reinforce their relationship with us.
“Organising the event is a major commitment for us, so there is a cost but it will be worth it... and I am looking forward to the day after when I can relax!”
Previous charity balls have helped to highlighted the plight of young homeless people, some of the reasons why they became homeless, how
this made them feel and some of the choices that they made as a result of their dilemma.
Three residents of the association volunteered to participate at a previous event; two of the residents spoke about their real life experiences and one of them sang a very touching song for the audience.
Many commented afterwards on how moved they were by the actual experiences, and how much they had enjoyed the event.
Elaine added: “It is important for us as an organisation to get across the message about why we are here and what we do. Events, attended by our supporters, friends and their guests, is one of the main ways we do that.
“As a charity we help to transform the lives of some of society’s most vulnerable people. That is a message of real hope and we celebrate that with fun and enjoyment.”
This year’s charity ball, at The Auction House, Cresent Road, Luton, on Saturday, November 1, will have a 1920s Gatsby Theme.
MSHA was founded in 1986 by Cllr Desline Stewart MBE, in reaction to the increasing number of homeless young people in Luton. Her work was influenced by the caring model developed by solders during the Crimean War.
Tickets for the Charity Ball on Saturday, November 1 at the Auction House, Crescent Road, Luton, are available from Training & Events Manager Elaine Cruise email [email protected] for further details.
EVENTS ARE VITAL FOR MARY SEACOLE HOUSING ASSOCIATION, NOT JUST FOR RAISING MONEY
5
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Delivery and courier business picks up Velocity!
Growth workshops launched
growth
Delivery and courier business National Sameday in Luton has hired four new employees and safeguarded the jobs of two others thanks to a grant awarded by Velocity Business Support.
National Sameday has been awarded a significant contract to provide bespoke courier services for an aerospace company, requiring additional drivers and support staff to work specifically on the contract, which it won as a result of a grant worth over £7,000 from Velocity.
Velocity, which is free and available to businesses across the South East Midlands, provides grants of up to £10,000 and worked closely with National Sameday to help the firm develop a bespoke IT system in order to tender for the aerospace contract.
Partha Dey is Managing Director of National Sameday, he said: “The grant from Velocity has had a major and immediate impact on the business. This month, we’ve seen a significant breakthrough in the performance of the company and recorded our highest-ever turnover in the 22 years since we started, and we’ve had to recruit four new employees to help us deliver the contract we have just won.
“Not only that, but we’ve also been able to safeguard the jobs of two existing employees, who will now work solely on this new contract, which will operate seven days a week.
“The Velocity grant enabled us to develop and build a brand-new back office system to improve business processes and productivity, which was required in order to tender for the aerospace contract. This new system allowed us to rub shoulders with the’big boys’ in delivery and courier services and we beat off major competition to win this lucrative and significant contract, which we wouldn’t have done without the grant from Velocity.
“We are now in a position to tender for more contracts on this scale which, if successful, will require the recruitment of between eight to ten more drivers.”
National Sameday contacted Velocity via the Bedfordshire Chamber of Commerce, which is delivering Velocity across the county. Partha met with both Justin Richardson from the Chamber and Richard Cooper, Velocity’s Bedfordshire Business Adviser, who guided Partha through the grant application process.
Richard Cooper said: “Very quickly we were able to identify an immediate need for new technology that would help National Sameday tender for this contract. The likes of the larger
delivery companies already have this in-house but National Sameday needed financial support to invest in the development of a new system.
“This is exactly what the Velocity grants are here to do; help businesses like National Sameday win new business or retain existing business, leading to an increase in profit and the creation and safeguarding of jobs.”
To find out more about Velocity’s grants and to book a 1-1 appointment with a Business Adviser, call 0300 01234 35, email [email protected] or visit www.VelocityBusinessSupport.com
Velocity is a business support initiative provided free for companies across the South East Midlands and has been made possible thanks to grants worth £1.75 million from the
Government’s Regional Growth Fund through Lancaster University and South East Midlands Local Enterprise Partnership (SEMLEP).
Velocity has been set up to make it easier for businesses to maximise their growth potential with grants from £1,000 to £10,000 available. Grant recipients are required to invest some of their own funding in order to receive the grant, at a ratio of 2:1. For example, if a business wishes to apply for a grant of £5,000, it would be required to spend £10,000 of its own money.
Velocity is also providing free help and support via an online portal www.VelocityBusinessSupport.com, one-to-one mentoring and support from locally-based Business Advisers and a programme of events and webinars.
National Sameday wins significant aerospace contract creating four new jobs and safeguarding two others
A series of 58 free business growth workshops have been launched across the South East Midlands, including in Buckinghamshire, Bedfordshire and Milton Keynes.
Aimed at owners and directors of businesses, finance managers, senior members of staff and marketing managers, workshops will focus on a range of topics including new ways to finance your business, smashing your sales targets, and attracting and managing investors, as well as sessions on digital marketing, negotiation and product pipeline planning.
Richard Thompson is one of Velocity’s Business Advisers, he said: “These free workshops are a
valuable addition to the portfolio of services we can offer growing businesses.
“Each workshop has been designed to respond to a challenge or need currently faced by firms trying to grow and we hope these free in-depth sessions will give them the skills and knowledge they need to break through any barriers and take their business to the next level.”
Each workshop is offered completely free of charge and will run from 9am until 12pm. Demand is expected to be high so early booking is recommended.
For more details on the courses please visit www.VelocityBusinessSupport.com/workshops
To book a place on one of the courses, and there is no limit on the number of courses you can attend, please call 0300 01234 35.
6
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
employment
LETS work together to reduce unemployment
A SERIES OF EMPLOYMENT FAIRS IN LUTON HAVE HAD A VERY NOTICEABLE DOWNWARD EFFECT ON THE UNEMPLOYMENT RATE. INSPIRE INVESTIGATES
An employment, training and skills fair held regularly in Luton has had a noticeable effect on the town’s unemployment rate.
Attended by hundreds of jobseekers and potential employers the
LETS Fair is organised to match people with opportunities and pass on
skills including interview techniques.
Organiser Mostaque Koyes said local businesses were finding it
difficult to employ people with the necessary skills to fill vacancies,
including in apprenticeships, despite the unemployment rate in Luton
being higher than the national average. Volunteers were also hard to
find.
Mr Koyes, who runs the Bartham print company in the town, said:
“Our aim through the LETS Fair is to provide opportunities between
local employers and job seekers... all under one roof.
“We bring employers to meet potential employees in an informal
setting and also give job seekers the chance to learn more about the
potential employers and all the job and training opportunities open to
them in and around Luton.”
The latest installment of Luton Employment, Training & Skills (LETS)
Fair took place in Venue Central, in Chapel Street, on Thursday,
September 18.
There have been four of these events so far, with each one attracting
more than 1,000 delegates. Some 25% who were on benefits found
an opportunity to get them off reliance on the dole.
In number terms, more than 500 people found employment or
gained a training place from attending the 2013 events.
Organisations including Luton Borough Council and Jobcentre Plus
have been involved in the LETS Fairs.
Mr Koyes, who also organises the annual Luton Community Awards,
added: “I know the LETS Fair raises aspirations, inspires people to
improve their lives, improves people’s prospects, increases the number
of people in learning, reduces worklessness and increases the number
of people in paid employment.
“It also reduces the number of people with no qualifications and
increases the number of people exploring apprenticeships.
“Our aim is to continue to organise LETS Fairs throughout the year,
so we can make a real difference to people living in Luton who need a
little bit of support to get back into employment or training.”
There is no charge to employers and job seekers can also attend for
free.
The benefits to businesses of being involved include:
• They can meet potential candidates in an informal setting and discuss vacancies.
• Recruitment efforts can be maximised while minimising costs.• Employers can meet a large pool of potential employees under one
roof in a single day.• Advertising is done for you.• CVs can be collected or firms can hire on the spot.• It’s a great opportunity to increase your business,voluntary and
public sector contacts.
To discuss exhibition and sponsorship opportunities at future LETS Fairs contact: Mostaque Koyes on 07931 973967 or for more information visit www.letsfair.co.uk
7
Issue FivePlease mention Inspire Magazine when responding to advertisements.
It’s time for a business MOTlegal
As another all-too-brief British summer fades from memory, many business owners are returning to their business rejuvenated from the holiday season.
For most, the focus will understandably be
on growing the bottom line, and the everyday
pressures of running successful enterprises can
absorb a large proportion of management time and
attention.
However, all the value built up in a business can
be at risk if the owners do not put their businesses
through the equivalent of a regular MOT. They
should take stock of their business and whether
they are using the law to protect themselves and
their assets as far as is practicable.
Part of the analysis, of course, is to evaluate
potential threats affecting the business and to
try to guard against nasty surprises. Quite often,
however, business owners have already identified
nagging concerns but have parked them on a ‘to
do’ list and postponed taking action until another
day. By the time they get around to it, it might be
too late.
The particular risks will vary from business to
business, but we identify below some of the issues
which most will have in common.
What happens if you fall under a bus?
As the old cliché has it, none of us can escape
from death and taxes. At a fundamental level,
putting in place proper protection for your business
is about protecting your family if the worst should
happen.
If the arrangements in respect of your business
have not been placed on a sound footing, the
problems which are left behind can be very thorny.
The types of issues falling to be considered
include:
i) Do you have an up-to-date will?
ii) Are your personal liabilities and those of the
business separate? What will happen if any
personal guarantees have been provided in
respect of business debts?
iii) Will the business be able to function without
you?
iv) Will a business partner buy out your share
in the business or can your spouse or other
beneficiary continue to own your stake?
v) Are your life insurance policies in place?
Who owns your business and on what basis?
This deceptively simply question is sometimes
harder to answer than people initially expect.
In many cases the circumstances will be very
straightforward but consider whether:
i) If the business is shared between multiple
owners, is it clear who owns what proportion?
ii) Is there an agreement in place detailing
ownership interests, and if so does it reflect
the actual position? Sometimes ex-business
partners have left but the documentation
has not been updated and there can be
scope for disagreement subsequently. On
other occasions, one or more shareholders
might have injected additional funds into the
company in return for extra shares, but the
shares were never formally issued.
iii) Is it enough to establish who has formal
ownership or are there other issues to consider,
such as interests which should be held on trust
for family members or others?
iv) Is there a partnership agreement, shareholders’
agreement or equivalent document to regulate
matters such as who is entitled to what
proportion of the profits of the business?
Mere verbal understandings can be difficult to
enforce at a later stage, especially if the parties
should have fallen out in the meantime.
How is your business financed?
You should consider, especially if others are also
involved in the ownership or management of the
business:
i) How will the business be funded? Will external
lenders make available sufficient working
capital or other debt facilities, or will the
owners of the business need to inject further
funding? What is the suitable gearing ratio?
ii) If the shareholders or partners are to provide
funds, how will it be structured eg loans,
capital contribution, share subscription etc.
iii) What if some, but not all, of the owners
wish to make available further funds? Can
the interests of those who do not contribute
be diluted and what will be the wider
ramifications of that?
iv) Could any existing indebtedness be discharged
or refinanced on better terms?
How will you derive value from your business?
Securing a return from your investment should
be assessed by reference to the day-to-day running
of the business and the ultimate disposal of your
ownership interests. Matters to evaluate might
include:
i) Is there an agreed dividend policy?
ii) Is there an agreed split in terms of value
extracted by different methods, such as
directors’ fees, remuneration or bonuses
by way of any employment contract, and
distributions to shareholders?
iii) How can shares or other ownership interests
be sold voluntarily? Must co-owners be given a
right of first refusal before any third parties can
acquire a stake?
iv) Should there be any circumstances in which
some owners (eg minority shareholders) could
be compelled to sell their interests at the
behest of the others, and what criteria would
apply?
How is your interest being safeguarded?
Protecting your investment is an ongoing
responsibility and will encompass a plethora of
issues, such as:
i) Does your business have suitable employment
contracts in place with key employees,
including restrictive covenants to protect the
business if they should leave?
ii) Does your business review regularly any
standard terms and conditions and other
contractual documentation upon the basis of
which it operates?
iii) Are your procurement teams trained
periodically on topics such as the anti-bribery
regime?
iv) Is the scope of the insurance for your business
and its key personnel appropriate?
v Does the business review its risk management
housekeeping from time to time, including
factors such as the claims management process
and document retention policies?
One size does not fit all
Many of the general topics outlined above will
be relevant in the case of most businesses, but
every business is unique and must adopt a tailored
approach with appropriate legal, financial and tax
advice. Ultimately the owners of the business carry
the responsibility and should set aside time to give
their businesses periodic health checks, especially if
they have at the back of their minds concerns which
tend to be too often postponed until another day.
For further information or advice on any commercial law issue, please contact Pictons on 01582 870870.
Owners should take regular stock of their companies to guard against nasty surprises, says Tony Roberts of Pictons
8
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Winter’s on its way!security
I know, it’s not our favourite subject either, but it is coming close to that time of year when the nights get longer and the burglary rate goes up.
With this in mind we
thought it would be good to
share some hints and tips to
prepare your home or business
premises for the dark nights ahead.
These tips have been put together with my team at Dyno who have
years of experience securing properties:
Security lights - these are a great way to attract attention and scare away any threats to your property
Trees and bushes - if any of your building is covered by bushes, ensure to cut these back, keeping all entrances visible
Gardening tools - put away any garden tools and ladders, let’s not make their job any easier!
Upgrade your locks - installing anti-snap locks and deadbolts to all entry points all work toward making your property as impenetrable as possible
Sash jammers - these fairly cheap products can be fitted to any window or door helping secure them more efficiently
CCTV - this can be a great deterrent against vandalism and theft, with packages to suit all why not call us now?
And last but definitely not least, have a professionally fitted Alarm.
The most effective deterrent of all. With over 90% of burglars saying
they would avoid a house with an alarm.
But remember, always ensure you utilise all of your security
measures. An unset alarm or unlocked door provides burglars the
opportunity to invade. Reminders at the door with a checklist can be a
great idea.
If you are ready to get your house prepared for the long nights
ahead - but not sure where to start, why not call us at Dyno and
arrange a Free of charge no-obligation security survey? This will help
you plan for all eventualities when it comes to your security and we
Always offer Best advice above a sale.
So why not take advantage and call us now on 01582 519910
to book. Alternatively if you have any questions about any of the
security measures we have suggested please do not hesitate to contact
me on 01582 519910 or email [email protected]
Be safe people!
Get ready for the dark nights - they are coming! That’s the alert from Dyno’s JON SPELLEN who gives some security hints and tips
9
Issue FivePlease mention Inspire Magazine when responding to advertisements.
The middle man.Help or hindrance?
Customers often perceive any middle man as an unnecessary third party that adds cost, causes delays, and possibly makes mistakes. Advertising by insurers to ‘go direct’ has only compounded this feeling.
How can the middle man help consumers?
1. Better prices
Using a middle man is not always more expensive. For example,
buying insurance through a broker such as A-Plan is often better
priced than direct insurance.
How is this possible, you may ask? Ultimately it’s because we can
negotiate on your behalf and reduce the risk for the insurer. As
a broker we have access to negotiated rates from many different
insurers, and our staff are professionally trained to help choose a
policy that’s right for you.
This generates better
results for insurers and
filters through to lower
premiums for buyers like
you.
‘Cutting out the middle
man’ does not always
save you money.
2. Speed and Ease
Going direct usually
means going online, and
the experience can be
slow and frustrating. The
forms are long and often
confusing, and the whole
process can take a lot
longer and be a lot harder
than expected.
At A-Plan we speak
to you to ensure that
nothing is missed, and we are available to advise and reassure you
along the way - ensuring you get the right policy as quickly and
painlessly as possible.
We do the shopping around so you don’t have to.
3. Peace of mind
Policy wording and options can be complex and confusing and
answering questions wrongly could mean that you are not adequately
covered in the event of a claim. We can help you with this. We check
through the information that you provide at the start of your policy
to ensure that nothing has been missed, that your needs are met and
that you are fully covered.
If you do have a claim and deal direct with the insurer it is down to
you to negotiate with them. At A-Plan we are with you every step
of the way. If there is a query or dispute, we are there to act on your
behalf and to help put it right. You only need to make one call to us
and we will handle the rest for you.
We make sure you get the cover that you need.
So who wins? A-Plan or direct?
Whilst conventional wisdom dictates that the middle man offers little
to the discussion and always has his price, in the complex world of
insurance things are not so simple.
At A-Plan our business continues to grow because we consistently
deliver the advice and service that people want when looking for
insurance, and often save them money at the same time. Customer
loyalty is a good indication of success, and that�s why we are so proud
that 9 out of 10 of our clients choose to stay with us at renewal.
legal
Martin Blower speaks in favour of brokers when it comes to buying insurance
“Policy wording
can be complex
and confusing
and answering
questions wrongly
could mean you
are not adequately
covered”
10
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Get your cash flow under control
As autumn gets underway, business owners sometimes need to reinvigorate their businesses and, in particular, focus attention on their cash flow and credit control procedures.
If payment from a customer is not obtained and the goods or
services have been provided, your cash flow is likely to be under
pressure. Ensuring that customers pay on time will make managing
your business easier.
The first thing you should do is get to know your customers. This
should start before you take on a new customer and before you give
them any credit.
The bare minimum of what you should know is:
• the exact name of the customer and the trading address
• their type of business structure, e.g. are they a sole trader, a
partnership or a limited company?
• their credit rating.
Before you provide goods or services to any customer, make sure you
address the following:
• discuss and agree payment terms with the customer before
accepting the order
• agree the terms in writing
• review any documentation from the customer where they try to
change the agreed payment terms
• negotiate and agree payment terms with suppliers before accepting
the order
• if there is a gap between customer and supplier payment terms,
consider whether finance is available to bridge the gap.
• have a standard policy in place to ensure that payment terms
cannot be altered without appropriate authorisation
• ensure that you have the right to apply late payment and interest
charges on invoices.
After you have provided goods or services to a customer ensure that
you:
• raise invoices promptly
• raise invoices accurately to ensure all items are included at the
quoted prices
• include a reference number for the order and then quote this if any
dispute arises
• have everything the customer requires on the invoice
• have a process for chasing invoices
• have a process for dealing with disputes
• keep a log of disputes to ascertain whether similar disputes or
customers occur
• ensure that your invoices are fully compliant with HMRC for VAT
purposes.
Remember that not paying your suppliers on time is a bad business
habit and it may harm your reputation as well. You should:
• ensure you advise your suppliers of any disputes as soon as they
occur
• pay on time by ensuring that your creditor’s ledger is accurately
aged and
• keep your suppliers up to date with any issues you have with
paying on time.
Some businesses unfortunately go ‘bad’, so you may wish to
consider obtaining credit insurance. You may also consider obtaining
factoring and financing options.
If you are struggling with credit control and cash flow management in these more difficult times, then we would be happy to discuss this further with you. Please contact us at Stoten Gillam for more detailed advice on 01582 608601 or via [email protected]
finance
JOHN WRIGHT OF STOTEN GILLAM UNDERLINES THE IMPORTANCE OF CONTROLLING CASH FLOW FOR YOUR BUSINESS
Page kindly sponsored by Telephone: 01582 608601
11
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Pension perils ahead
Back in March in his Budget speech the Chancellor George Osborne announced the most radical changes to pensions legislation affecting money purchase pension schemes we have ever heard.
One of his proposals was that anyone with such a pension would be able to access all of it rather than be limited to 25% tax free as a lump sum with the rest taken as a taxed income with effect from April 2015.
Before this announcement there was only one way in which you could do this and that was by using a method known as flexible drawdown but even then it had strict qualifying conditions and few people in practice could ever benefit from it. The new proposals have no such qualifying criteria.
So what is a money purchase pension scheme? Basically it is a pot of money which pays you a pension based on how much you have contributed into it and how well it has performed.
This is totally different to so called occupational final salary schemes which are mainly offered by the public sector and increasingly rarely by large private employers.
These pensions by contrast pay you a guaranteed pension based on a formula which is calculated based on your number of years of service for your employer and your ‘final salary’. These pensions aren’t affected by the new rules.
Whilst on the one hand it does appear to be very generous of the government to allow complete freedom for individuals to access 100% of their pots, the sting in the tail is that they could potentially end up paying significantly high tax charges on the monies withdrawn from their pensions unwittingly. Why is this so?
Well as before you will continue to be entitled to withdraw up to 25% of your money purchase pension as a tax free lump sum. However, the rest of it will be subject to Income Tax.
So far nothing in the rules has changed. The problem is that the money you withdraw from the remaining 75% gets added to your income for the year and is taxed at your highest rate.
Let’s assume your total retirement income is just £5,000 a year before you access your pot. You are a basic rate taxpayer paying a top rate of 20% Income Tax. You have a money purchase pension fund worth £250,000. You decide to take the whole lot as a lump sum immediately.
Well the first 25% (£62,500) is tax free but the balance of £187,500 is added to your income of £20,000 and taxed at your top rate of Income Tax of up to 45%! That represents a huge tax penalty to the pensioner and a massive benefit to the government. Now it is clear why they have introduced the changes. It’s because it is a significant tax raiser for HM Revenue & Customs.
The other danger is of course that the type of person used in this example could be a big spender who blows all of his pension pot and then becomes a burden on the state. Admittedly only a small proportion of people, the gamblers of society, are likely to do this nonetheless it will inevitably happen.
pensions
Tony Byrne, one of the country’s most highly qualified financial planners tells Inspire how you could lose out
from the Government’s pension changes
Tony Byrne, Chartered and Certified Financial Planner
author of Wealth Magic, Financial Planning Director,
Wealth And Tax Management
12
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Four business gurus have teamed up and are on a mission to stop wealth and money leaking out of the Milton Keynes economy.
Peter Barnett, Katherine McAdam, Dale Adkins and Darren Thomson are the top team behind the MK Exhibition being held in the city in the autumn. Peter, who set up his sales and marketing company Sales Managed four years ago, said: “Local companies like ours can grow by getting to know each other and working together instead of perhaps buying services from other parts of the country.”
MK Exhibition will be held at MKCC, in Strudwick Drive, Oldbrook, Milton Keynes, on Friday, October 17. It is set to attract hundreds of visitors to dozens of exhibition stands.
Peter added: “MK Exhibition is our only exhibition and is dedicated to supporting local
charities and the growth of local economy, we are not running events outside of Milton Keynes.”
Peter, the former business development director of Frosts in Woburn Sands, has been joined in the venture by design guru Katherine McAdam, of Brand Magic Media Ltd, which she set up in 2008.
Dale Adkins, the conferencing manager at the MKCC, has achieved success in promoting the MKCC as the first choice meeting venue for local businesses.
Completing the talented organising team is highly experienced videographer Darren Thomson, of Movey Video Marketing. Darren has produced and trained a large number of students in the craft of creating professional quality video for business, education and local government.
Together they have already organised one successful MK Exhibition and the next one is set to be even better.
Visitors and exhibitors to the 8am to 4pm event can expect lots of business networking, advice workshops, an MK Dragons Den-style event, free advice clinics from local professionals and lots more to be announced.
MKCC is a top-class conference and meetings venue based half a mile from Central Milton Keynes and a mile from the railway station with more than 100 free car parking spaces!
For more information visit: www.mkexhibition.co.uk/ phone 01908 900 908 or email [email protected]
Exhibition organisers are on a mission to keep
money in their local economy
exhibition
Championingthe MK economy
13
Issue FivePlease mention Inspire Magazine when responding to advertisements.
New jobs and businesses could be created in the region’s aerospace sector with the arrival of a new £35million world-leading research facility opening at Cranfield University in 2016.
The Aerospace Integration Research Centre (AIRC) is to be built at the university with co-investment partners Airbus and Rolls-Royce, following the award of funding from the Higher Education Funding Council for England (HEFCE).
Through the integration of airframes propulsion and other systems and technologies, the centre will research innovative aerospace technologies to enhance performance, emission control and efficiency targets on future aircraft.
ProsperityIt is anticipated that the centre will directly contribute to the
competitiveness and prosperity of the aerospace industry and the wider UK economy, safe-guarding existing jobs and creating additional work opportunities within the UK aerospace and academic sectors.
The centre will provide dedicated space and specialist equipment to address future grand challenges which face the aerospace sector.
Professor Sir Peter Gregson, Chief Executive and Vice-Chancellor of Cranfield University, said: “The investment from Airbus and Rolls-Royce in this collaborative centre will change the design of future aircraft.
“It will reinforce Cranfield’s reputation as a global leader in transformational research, strengthen our strategic relationships with world-renowned businesses and meet the needs of business, government and wider society.”
Iain Gray CBE, the current chief executive of the Technology Strategy Board, has been appointed the Director of Aerospace at Cranfield University, with effect March from 2015.
Iain will lead the extensive aerospace capabilities across the University and their strategic relationships with the world’s major aerospace industrial organisations.
Prior to the Technology Strategy Board, Iain was engineering director and then managing director at
Airbus UK during the development of the Airbus A380, the world’s largest passenger airliner.
Iain Gray said: “The University’s pre-eminent business and government relationships places it in an ideal position to provide academic leadership in collaborative research to develop new products, processes and services for the aerospace sector.
“I’m proud to bring my experience of, and passion for, one of the UK’s most important industrial sectors and to progressing Cranfield’s long heritage in this area.”
Professor Sir Peter Gregson, Cranfield’s Chief Executive and Vice-Chancellor, said: “Our University has a fundamental role to play in maintaining the UK as a leader in aerospace.
“Iain’s thought leadership will enhance Cranfield’s impact in this important sector.”
aerospace
Cranfield is taking off
ROOM FOR GROWTH
A NEW £35M AEROSPACE CENTRE IS TO BE BUILT AT CRANFIELD UNIVERSITY, ENHANCING ITS STATUS AS A HUB FOR THE UK’S AEROSPACE INDUSTRY
In another part of the university - the Technology Park - two enterprising businesses are expanding into new offices.
Tendering expert Bidwriting.com is moving to a new 675 sq ft office - a 40% increase - within the Cranfield Innovation Centre (CIC), in order to accommodate its growing workload from clients looking to secure key tenders and new opportunities.
At the same time, high technology recruitment firm Vector Recruitment has moved to 75% larger premises in the CIC to cope with demand as companies in the UK’s booming engineering, science and technology sector expand their teams.
New deals at the Cranfield University Technology Park follow a series of major lettings over the last 12 months, including food freshness firm It’s Fresh!, Impetus Automotive and Japanese car-seat manufacturer, Tachi-S. Meanwhile existing tenants SEMLEP, Alere and Comms 365 have all moved to larger offices in the CIC, taking advantage of the CIC’s flexible leases to support their expansion.
Rupert Wood, regional director at St. Modwen which manages Cranfield University Technology Park said that both these moves reflect an overall confidence in the marketplace and the economy: “The fact that these specialist firms are expanding is a clear indication of the improving market in the region and UK as a whole, as companies look to recruit and invest.
“Allowing flexibility for businesses to move offices is fundamental to our offer on the Tech Park, allowing us to accommodate businesses ranging from start-ups to multi-national firms.”
14
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Recent football success in the triumphant return of Luton Town Football Club to the league and the 4-0 shock cup demoliton of Manchester United by the MK Dons has brought the economic importance of sport to the fore, writes David Tooley.
Tourism chiefs in Milton Keynes estimated that the league cup game, which saw stadium:mk packed out with more than 29,000 spectators, would bring in £2million to the local economy by way of spending in hotels, taxis and restaurants.
Luton Town, known as the Hatters, saw their Kenilworth Road stadium packed out last year as fans shared in the glory of the ending of the club’s five year exile in non-league. This season the club - and the town - should benefit from being back in the big time. According to Sport England, the English economy benefited to the tune of a whopping £20.3billion from sport in the latest figues, going back to 2010.
As a little aside, my local shopkeeper once told me that his small newsagents’ benefited to the tune of £500 in sales when the local children’s football team played at home.
In total, coming in at 1.9% of the total value of the English economy placed sport in the top15 industry sectors in the country. That’s above motor vehicles, telecoms services, legal services, accounting, publishing, advertising and the utilities.
Of course, football is only part of the total sport package but a pretty big one locally at that.
Research commissioned by Sport England and carried out by AMION Consulting found an important and resilient sector.
In terms of employment, sport remains a crucial component of the economy. The number of people with sport-related jobs in 2010 is estimated at over 400,000 - that’s 2.3% of all employment in England.
BenefitsBut the benefits are much wider than that.
Volunteering in sport, and the health benefits from sport, also have an impact on the economy, says Sport England. The estimated economic value of sport-related volunteering is £2.7 billion.
Then there are the health benefits, estimated at £11.2 billion.
There have also been a number of studies on the economic impact of sport in recent years.
The Cardiff Millennium Stadium and the City of Manchester Stadium both had a positive impact on local property markets, one study found.
Locally, the development of stadium:mk and the associated shopping destination has brought in many visitors.
Other researchers have studied the economic impact of non-elite, mass-participation events such as marathons.
They found such events can raise the profile of a host location and generate tourist income for minimal infrastructure investment.
The growing Milton Keynes Marathon is building a brand as the greenest marathon and attracts runners from across the country.
Sport England has launched a new modelling tool to enable local authorities to show how sport benefits their economy.
The ‘Economic value of sport - local model’ provides each local authority, county sport partnership (CSP) and local enterprise partnership area with estimates on sports’ contribution to the local economy in the form of business output and jobs as well as wider benefits like health. It also includes guidance on how to best use this evidence.
Kevin Fenton, national director of health and wellbeing at Public Health England, said: “We know physical inactivity is one of the major causes of ill-health which is entirely preventable.
“This easy to use model will support local areas to understand the positive impact of sport as part of economic regeneration as well as the positive impact on health.
“This reminds us that the true value of sport isn’t just to get people active: it has the potential to save lives.”
The model will also help local partners assess the ‘impact’ of change, showing the effect of increasing or reducing the number of people playing sport, for example if new facilities are built, facilities are closed or more marketing is done to attract those not playing sport regularly.
Councillor Flick Rea of the Local Government Association, said: “Sport plays a huge role in communities and anything which helps local areas derive all the benefits sport can bring is positive.”
sport
RECENT SUCCESSES ON THE FIELD HAVE HIGHLIGHTED THE ECONOMICIMPORTANCE OF SPORT. INSPIRE TAKES A LOOK
We’re football crazy
Photograph by Gareth Owen, official photographer of Luton Town Football Club
15
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Why bother with Uni?
In a new campaign government and employers have called on young people to ‘Get In. Go Far’ by choosing an apprenticeship.
It coincides with the introduction of 40 new
employer-designed apprenticeships in sectors
including engineering, hospitality and the
legal profession.
These new opportunities will give people
the chance to earn whilst they learn on
apprenticeships which have been designed by
businesses in a variety of sectors.
Vince Cable, the Secretary of State for
Business said: “For too long there has been
a divide between university and vocational
education which has been damaging for
both employers and young people. Placing
university degrees and apprenticeships on an
equal footing will help to break down barriers
and better meet the needs of business.
“Since I became Secretary of State we have
expanded apprenticeship numbers greatly,
particularly higher apprenticeships.
“The reforms to apprenticeships
enable employers to design and deliver
apprenticeships that meet their needs, giving
young people valuable qualifications and
helping them to build successful careers
from television production to advanced
manufacturing.”
The campaign showcases the variety and
quality of apprenticeships on offer. With
the strapline ‘Get In. Go Far’, it features real
apprentices in varied sectors giving their own
thoughts on their experiences.
The apprentices, shown in the adverts
taking selfies in their places of work, will
appear on TV, posters, digital channels and in
print media.
To mark the launch of the campaign,
Skills Minister Nick Boles has been visiting
apprentices to see for himself the impact the
scheme is having on young people.
He took ‘selfies’ with the apprentices at
Google which will be pinned to an interactive
‘work selfie’ Pinterest map, plotting the
many apprenticeship opportunities across the
country.
Mr Boles said: “Through an apprenticeship
young people can achieve a degree and work
at some of the biggest companies in the
country.
“The new campaign features some great
success stories which show exactly how far
an apprenticeship can take you. I would
recommend any young person that isn’t sure
what to do next, to look at some of the new
and exciting apprenticeship opportunities
available to them.”
The new apprenticeships which have
been launched are from a broad range of
industries and include roles such as, a land-
based service engineer, senior culinary chef,
solicitor, journalist and a dental practise
manager.
Throughout the process over 200 employers
and training providers were involved in
designing the 40 new apprenticeship
standards that have been approved.
SkillsEmployers will be able to ‘grow their
own’ talent, ensuring the next generation
of professionals have all the practical skills
and experience needed to continue the high
standards expected in dentistry.
This in turn will also help combat the falling
numbers of British technicians, strengthening
the dental industry and UK economy.
This forms part of the apprenticeship
trailblazer project which was launched in
October 2013, the second phase of which
was launched during National Apprenticeship
Week in March 2014.
A survey with employers found that
96% of businesses which have taken on
an apprentice believe their company has
benefitted.
For more information on
apprenticeships and the apprentices
that are being featured in the campaign,
visit: www.apprenticeships.gov.uk.
apprenticeships
We’re football crazy
A new campaign has been launched to persuade young people to consider apprenticeships instead of academia
16
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
marketing
Free marketingwith the wow factor!
In the digital age, it’s never been easier to write and publish a book - but why might you want to? Essentially, because it’s another weapon in your marketing armoury and it can be done at zero or low cost.
But won’t it take ages, I hear you ask? It
doesn’t have to. While it takes me six months
to write a work of fiction, that’s because I’m
making up a thrilling 60,000 word story and
I have to research what I don’t know - such
as how to murder somebody, or smuggle
counterfeit cigarettes, or run a police
investigation.
On the other hand, you could quickly draft
thirty pages of facts and opinions about a
subject you know well. Ask yourself what
your customers would find useful. Chances
are, they’re busy and prefer it short and
sweet.
As a small business, publishing a book
about your area of expertise - provided it’s
well-written, with useful content - will give
you instant credibility in your field.
An e-book is a great calling card, emailed
in an instant to your customers and targets.
If you ask your clients to share the link or
e-book with their friends, you’ll reach out
to a wider audience for your products and
services.
You can use it to build a mailing list too, by
offering a free download if the recipient signs
up for your newsletter.
You needn’t even list your e-book for
sale, but you’re kissing goodbye
to good money if you don’t. It’s
straightforward to list an e-book
on Amazon, and free. You can use
Microsoft Word to produce both
the interior pages and cover at zero
cost. Amazon allows you to choose
any price from 77p, and pays a 35%
or 70% royalty. You’ll sell more
copies at a low price, but consider
charging more; it indicates high
value and exclusivity. Imagine how
your customers will feel when you
email them a free book that’s usually
priced at £9.99!
You can also publish a paperback
at no or low cost through Amazon’s
www.createspace.com division
- or pay an upfront fee to use a
printer like Milton Keynes outfit
LightningSource at
www1.ingramspark.com.
Convinced? Switch on your PC,
line up friends with an eye for typos
to read your draft, and start typing.
By the way, there are lots of helpful
tips at www.thecreativepenn.com
if you’re unsure of anything. As ever, it’s
all about your customers. Give them great
content and value for money, and they’ll
repay you with loyalty and referrals.
AA Abbott was brought up in Luton, and has spent decades working for large multinationals, often commuting into London from Leagrave. She writes fiction about office life - with added thrills. Take a look inside her entertaining thrillers at http://aaabbott.co.uk, especially new book, After The Interview - have you ever wanted to turn the tables after a bad interview? Stay in touch on Facebook + Twitter @aaabbottstories
AA Abbott, writer and publisher of thrillers After The Interview and Up In Smoke, says you could quickly draft 30 pages
of facts and opinions about a subject you know well
17
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Inspiring offersSCAN YOUR BUSINESS CARD AND GET THOUSANDS OF COPIES FOR JUST £40
inspiring offer
You can get some great offers on business cards, including from Bartham Press the printers of Inspire business magazine!
But we have a great offer for you if you have a business card. How about you scan a copy of your business card and send it to us at
[email protected] will then print thousands of copies. Not only that, because we
distribute to venues across the MK, Luton, Bedford, Aylesbury, Hitchin and Hemel Hempstead area, your business card will be distributed, too.
We also hand out copies of the magazine at business networking events.
With your business card. Now that’s a great offer.But wait... there’s more... we’re active on social media, too. Follow us on
Twitter @inspirebizmag and see how we promote the magazine and the people and businesses who support us. We call it #TeamInspire
We’re also online at http://issuu.com/inspirebizmag where we attract hundreds of readers. For an offer like that, with printing and active promotion, you’d expect the cost to be sky high. Well, how does £40+VAT sound? Good eh? Don’t delay, scan your business card and send it to [email protected] now.
The first to apply, quoting #InspireOffer will get a surprise discount.Email [email protected] NOW
Business Innovation
SupportContact the team on 01582 743544 or [email protected] more info visit www.centralbedfordshire.gov.uk/innovationbridge
Unit A • Park Avenue Industrial EstateSundon Park Road • Luton • LU3 3BP
T: 01582 573471 Ext: 225M: 07931 973967
Mostaque KoyesSenior Account Manager
For more information and to join visit www.fsb.org.uk/bedscambsherts
18
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
From rockbottom tothe top again
Former military covert operative Gordon Lines has had enough traumatic experiences to fill three or four lifetimes - ‘more lives than a cat’ he says smiling - including having a pistol held to his head by a nervous robber, hijack attempts, and a bombing.
Gordon, now the managing director of ISO Enigma Solutions Limited, has been to the brink of suicide and back after serving for 14 years in the military in close protection work and as a covert intelligence operative.
“During my time in the military I began to experience some issues with stress,” said Gordon, who served behind the lines in Northern Ireland and Gulf War 1.
“I served for four years in Northern Ireland at the height of the troubles. After two years there, I was ready to come home but my tour of duty was extended by another two years, but it was not ‘the done thing’ to mention the issue, and therefore, like many others, I said nothing, which compounded the gathering ‘post traumatic’ symptoms.”
His work included going undercover into pubs and clubs to check whether they were safe for military personnel to use.
“We were very vulnerable and on high alert 24/7, trying to sleep but not being able to.
“In the Gulf, as we arrived before the main forces, we were ‘not officially there’, this made the job a lot stickier, including avoiding being stopped by chasing civilian police cars!
“When I returned to the UK, my then wife told me I’d changed, I had ‘dead eyes’, and she was frightened of me.
“Today - Even small things like a slamming door, or a child’s scream can put me on edge. If I hear a ‘familiar’ sound - I need to find out what caused it. Busy places like shopping centres, and airports are hard work, memories come flashing back. I still sit with my back to the wall in restaurants, coffee shops and the like.
The stress off the job was relieved by alcohol, and, with an inability to discuss experiences (due to the Official Secrets Act), and a reluctance to talk proved disastrous to both Gordon’s marriages.
“I left the military in 1991 after 14 years and emigrated to South Africa. While in South Africa I began to suffer from severe symptoms of Post-Traumatic Stress Disorder. I had been self-medicating with alcohol for years and I was literally near death. I was at rock bottom.”
Gordon, who was born and bred in Fenny Stratford, Bletchley, became the operations manager of a security company in Johannesburg South Africa, managing 500 staff. At one point he was caught in the crossfire of a gun battle between warring gangs in Johannesburg.
“Drinking became the only way to sleep, which wasn’t helped by the drinking culture in South Africa,” he said. His work involved securing a polling station for ex-pats during the 1994 first free and democratic elections, working closely with the International Electoral Committee
(IEC),”It’s fantastic to see South Africa come out of it the other side, I’m very proud to have been a small part of the process” he commented.
In 1992 he had married for a second time and his wife gave birth to “two beautiful girls”; but later events would see them grow apart.
In 1996 he suffered a complete nervous breakdown. “I didn’t listen to the symptoms,” he said. “I had headaches, backaches and it got worse, palpitations, and panic attacks. One day on a drive to work, I started crying inconsolably. I was off work for four or five months.”
“There was desperation, desolation and isolation and I was wondering what it was all about. I was suicidal.”
But Gordon pulled through and he and his wife invested in a Spa supermarket. Things went so well that they paid off a five year loan in 18 months.
“But because the business was cash-driven we had 13 armed robberies in six years,” said Gordon. “The worst was a customer being shot during one of the robberies, one time, an armed
GORDON LINES TELLS INSPIRE
HOW HE FOUND THE STRENGTH
TO RECOVER FROM THE DEPTHS
OF DESPAIR AND ALCOHOLISM
Inspiration
19
Issue FivePlease mention Inspire Magazine when responding to advertisements.
robber held a pistol between my eyes, I knew the model of gun and could see the safety was catch off and that he was shaking.
“Strange thoughts go through your mind at moments like that. I thought, he’s going to pistol whip me, ok, but not my teeth, anywhere but not the teeth! He told me to lie on the floor, threatening to shoot a customer if I didn’t stay down... He ran off and after counting to about six I ran after him.”
In 2000 the crime-wave had risen so much that the couple had to hand the keys in to the businesses and the house. At the same time his marriage fell apart and his wife and children left to live in Port Elizabeth.
His wife said: “We are going to live in Port Elizabeth and there is no room for you anymore,” Gordon who had to sleep in his car and then a local pub’s bath - turned to the booze again.
Fortunately he was helped to return to the UK and live in his sister’s caravan but, as he says himself, “I was virtually unemployable, homeless, and broken psychologically, spiritually and physically.
“After a year of battling with life and wondering what it was all about, I sought help from the NHS. It was the key moment for me, realising that I needed help.
“I had lost my self-esteem and self-respect and everything. I had lost my will to live - but I was too tired to live and too tired to die,” said Gordon.
Inspiration for Gordon came in 2006 - realising that everything he had been doing, in training, in retail, in leadership and the military meant he had amazing skills to offer. Things started falling into place. He established ISO Enigma Solutions, becoming a Limited Company in 2008
Marvellous“I met my long-term partner, Diane in 2007,
she has been - and continues to be - my rock. She has been marvellous and so understanding.”
A charity, specialising in helping ex-military cope and recover from post-traumatic stress disorder called PTSD Resolution and his GP at Shenley Church End joined in ‘Team Gordon’s fight-back’.
Life however was to throw Gordon another curve ball, in the shape of a heart attack in 2008. Having a military medic’s background he realised the early symptoms while at Morrisons supermarket in Emerson Valley, Milton Keynes.
So he drove himself home, left the door open, took his keys out of his pockets and started making phone calls. The upshot is he spent five days at Milton Keynes General Hospital - miraculously - there was no lasting damage to his heart from the incident - and he made a full recovery.
Since then, it has been onwards and upwards for Gordon, who has recently been offered and accepted a three day a week permanent contract to act as operations director at a £10m pa
turnover company, leaving him able to carry on his management consultancy business two days a week. He specialises in: executive coaching, management mentoring, he is an expert in food safety and quality management systems, and a qualified trainer / teacher amongst other expertise.
Now aged 53 Gordon’s objective is to be a global name in coaching, mentoring, food safety and hygiene, he says, “I often think of Robert the Bruce, and the spider. It gives me constant inspiration.”
Highly qualified, he’s a beacon for the try-try-and-try again, until you succeed mentality.
“For anyone just starting out in business - it’s vital not to be afraid of failure. It is much better to try and fail than to fail to try at all. Dream big, but take baby steps”.
“Talk to others in business, especially the ‘winners’ and recognise when you have got an issue. Strategise properly and have a plan B, especially in the early days.
“Keep learning, develop listening skills and show respect for all around you - everyone has a lesson in life - especially for you.”
Gordon’s final words at the conclusion of the interview, “I have spent my adult life avoiding publicity or photographs or interviews - and at one stage - avoiding life!
“I agreed to this interview with one aim - to inspire and empower others to take up the gauntlet and run with it, no matter where you are from, your formal education, or any other disability, whether as part of a management team, or as an emerging business leader. The only thing to fear, is fear itself.”
For more information visit PTSD Resolution www.ptsdresolution.org and www.isoenigmasolutions.co.uk
Inspiration
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Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
20
A plan set to have a major impact on the centre of Wolverton is entering its final stages.
The Town Centre Neighbourhood Plan seeks to kick-start the regeneration of Wolverton Town
centre through seven policies which are designed to help deliver the redevelopment of the Agora site,
support small, independent shops and businesses and conserve historic shopfronts in the town.
The town council has been consulting with the public over the summer. Changes will be made to
the plan, which will then be submitted to Milton Keynes Council..
The borough council will then carry out a further six weeks consultation, during which the Examiner
plan will be appointed. The Examiner may choose to carry out a hearing which is likely to happen
early in 2015. A referendum could be held in May 2015.
Copies of the draft Neighbourhood Plan, Sustainability Appraisal and comments form are online at:
http://futurewolverton.org/projects/neighbourhood-plan/
Milton Keynes entrepreneur Sarah Jane Wilson has won an Editor’s Choice award for the most innovative collection at International Jewellery London’s sixth competition.
Sarah Jane, pictured, who lives in Milton
Keynes, is a member of Women in Enterprise,
the local businesswomen’s networking group
and has given many of her pieces to charities
to help them raise funds. Sarah Jane creates
statement stone jewellry by hand, selecting
the stones that she has a connection with
from their look, feel and touch.
She said: “IJL has represented such a
journey for me. In the past 12 months I have
accomplished so much. I am over the moon
at winning the Editor’s Choice Award in that
it recognises the unique and innovative way
that I put my jewellery together.
“It is amazing to be recognised in this way
by such a prestigious authority.”
Businesses in Buckinghamshire are wondering if it would make sense to axe layers of local government in parts of the county.
Business organisation Buckinghamshire
Business First (BBF) is running a campaign to
cut the cost of local government and save
between £5m and £25m a year.
RethinkMost businesses responding to a survey
expressed the view that the time has come
to rethink the current five council, two tier
system.
BBF has raised £25,000 from crowd-funding
to finance some high-quality, independent
research, examining the pros and cons of a
variety of different unitary models of local
government.
They believe the savings could pay for
pothole fixing, superfast broadband, Council
Tax rebates and rate relief for businesses.
Visit https://make-a-donation.org/campaign/
cutting-the-cost-of-local-government
In the newsFuture of Wolverton Cull of
councils
Editor’s choice
in the news
For more news turn to pages
34 and 35.
21
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Hotels with chipsin their folders
A competitive spirit has been introduced between hotels in Milton Keynes with a referral scheme with the local super casino.
Guests will receive a bespoke ‘gaming chip’ from their hotel reception which entitles them to a complimentary drink and a £5 free bet at The Casino MK. The Casino MK will record the number of redeemed chips to determine which hotel has reached their target first to win their very own Christmas Party.
Among the first hotels to take advantage of the partnership were The Holiday Inn Milton Keynes, Mercure Milton Keynes Abbey Hill and Novotel Milton Keynes.
Casino group operations director Austin Graham, said: “This is a fantastic opportunity for The Casino MK to build strong relationships with local and regional businesses.
“As a leading leisure destination, it’s important for us to work with the business community to encourage those who visit Milton Keynes to get out of their hotel rooms and see what our fantastic city has to offer. We look forward to working with hoteliers to provide customers with the best possible entertainment experience when visiting Milton Keynes.”
Rob Unson, general manager at Novotel Milton Keynes, who were the first hotel to provide a referral, said: “We’re really excited to be part of The Casino MK’s hotel referral scheme. This is a unique opportunity for us to work closely with the Casino and offer our guests a variety of entertainment options under one roof.”
To find out more about The Casino MK, visit www.thecasinomk.co.uk
BUSINESSES IN THE MILTON KEYNES AREA HAVE EMBARKED ON A MUTUALLY BENEFICIAL COLLABORATION
news
The Casino MK opened in September 2013 at the Xscape entertainment complex in Central Milton Keynes. It offers more than 100 slot machines, 30 gaming tables, a large poker room, restaurant, two bars, including large sports screens. The Casino MK operates 24 -7. Since opening it has attracted more than 300,000 visitors. The Casino MK is operated by the Aspers Group.
22
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Now go and run the world!
Hundreds of University of Bedfordshire Business School students were told they have the potential to be leaders of the future at their graduation ceremonies in the summer.
Ceremonies in Bedford and Luton saw more
than 3,500 students graduate, more than
900 of them were from the uni’s business
school.
Bedfordshire’s summer graduations
concluded with the installation of the Rt Hon
John Bercow MP, Speaker of the House of
Commons, as the University’s new Chancellor.
Taking place at Putteridge Bury and Luton’s
St Mary’s Church, the four Business School
ceremonies saw both undergraduates and
postgraduates honoured, with the courses
recognised ranging from business studies and
accounting to marketing communications
and public relations.
Alongside the graduates receiving their
degrees was guest of honour, Mark Newton,
Assistant Chief Constable with British
Transport Police, who once studied at
Bedfordshire.
Mark said: “I’m delighted to be back here
at the University. I’m a proud graduate of this
Business School, and to this day I still utilise
the skills I developed at Bedfordshire.
Dedication
“I recognise that not one of you would have
attained your degrees today without sacrifice.
To continue to study when things get difficult
requires application and dedication - the
qualities we as employers value strongly.
“You have the potential to be influential
leaders in the future.”
Further highlights of the ceremonies
included the presentation of special prize
awards to some of the highest achieving
students in the Business School, with Luton
resident Adam Mullen scooping the Dean’s
Prize for Marketing.
Dr Gordon Mellor, Acting Executive Dean of
the Business School, added:”Adam is a man
of great talent and modesty.
“What you want in a student is ability,
application and enthusiasm.
“When this is combined with a person who
can work effectively and supportively with
their peers, then you have something special.
Adam has these qualities in abundance.”
Prizes
Other Business School prizes included
the J E Cule Prize, with winner Nicole
Pidgeon completing a full-time Master’s
Degree in Human Resource Management
while raising a family of four children aged
one to six.
Investment
The University of Bedfordshire
(www.beds.ac.uk) is the largest higher
education institution in the county with more
than 24,000 students, representing over 100
countries.
Between 2006 and 2013 over £180 million
has been invested in new facilities at the
university, which contributes approximately
£300 million annually to the local economy.
trade local
MORE THAN 900 UNIVERSITY OF BEDFORDSHIRE BUSINESS SCHOOL GRADUATES WERE GIVEN A PEP TALK AT THEIR GRADUATION CEREMONIES
23
Issue FivePlease mention Inspire Magazine when responding to advertisements.
focus on hemel hempstead
Shopping treatsShopping isn’t just about spending money any
more... customers are looking for an experience they can share with their friends.
It’s one of the biggest challenges facing the high street as the
internet grows. What do they have that can be described as a wow
factor?
In the Hertfordshire town of Hemel Hempstead the local council -
Dacorum Borough - recognises some of the challenges facing the high
street and is giving its shopping areas a makeover.
Under a programme called Evolution, the council is investing in what
it calls ‘improvement works’ in the pedestrianised shopping area and
Bank Court in Hemel Hempstead town centre next week.
Building contractor Greenford has started to bring life to the new
design.
The council has already faced huge criticism for works to ‘improve’
the Old Town areas of Hemel Hempstead, which dragged on for
months, with businesses claiming they’d been brought to their knees.
On this new project, the council says work will pause over the
Christmas period to minimise disruption to retailers and businesses.
The project is set for completion by autumn 2015.
Councillor Andrew Williams, leader of the council and lead on
regeneration issues, said: “These improvements are part of our wider
Hemel Evolution regeneration programme to transform the heart of
Hemel Hempstead into a place that visitors will want to shop, work,
live and enjoy.
“We are working closely with Greenford to minimise disruption to
businesses, residents and visitors and complete the improvements as
efficiently as possible.
“We are very excited to be starting this ambitious project and look
forward working with local residents and businesses and seeing the
changes that will take place over the coming year.”
Key features of the new design include an events space, a new
interactive water feature, a series of play areas along Marlowes,
improved seating and some new paving and landscaping, including
trees and planting.
Dacorum Borough Council is investing £30 million in the overall
improvements (including £4 million just on Marlowes and Bank Court)
to encourage shoppers, support local businesses and attract further
investment to the town and wider borough.
Keep up-to-date with what’s happening by going to the website
www.dacorum.gov.uk/hemelevolution and by following the Council
on facebook.com/dacorum and on Twitter @dacorumBC #HemelEvo
AS SHOPPERS EXPECT BETTER QUALITY FROM THEIR RETAIL EXPERIENCES, ONE HERTFORDSHIRE TOWN IS INVESTING HEAVILY IN CREATING THE WOW FACTOR
How do you
a whole
Maximise your reach and your budget. Get the attention of a wider audience and let your message be heard loud and clear.
Inspire Business Magazine and Community Magazine.
Sometimes two reads are better than one.
www.communitycommunications.co.uk
24
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Bankers say credit conditions have eased in recent months leading to lower borrowing rates which are feeding through into cheaper lending rates.
At the end of August the Bank of England issued stats on the
Funding for Lending Scheme, whereby the government incentivises
the banks to lend to businesses on preferential terms.
The British Bankers Association’s executive director of business
finance Irene Graham said, “We are starting to see a pickup in
borrowing by small and medium sized businesses.
Healthy
“It is also encouraging to see that the Funding for Lending Scheme
is continuing to be used to help businesses. Companies are also
increasing their cash reserves, which suggests that the sector is in a
healthy position.
“The majority of businesses who approach their bank for a loan
are successful and if they are not there is a process in place that
allows them to appeal the decision. We�d encourage business owners
thinking about borrowing to approach their bank to learn about the
range of financing options that are available.”
£7.4 billion of new SME borrowing was approved in Q2, 16% more
than in the same quarter last year and the highest quarterly amount
since 2011.
This increase in borrowing was broadly-based across industry sectors
and geographical regions. Demand from medium-sized businesses
was notably stronger in Q2, leading to a net expansion in their
borrowing.
Figures are also showing SME holdings of cash are continuing to rise
strongly.
Deposit levels are up 9% year-on-year and now exceed borrowing by
more than £43 billion.
Net lending was up slightly overall by £100 million for small and
medium-sized businesses.
Gross borrowing by SMEs in the last three months for which figures
are available (April - June 2014) rose 28% on the same three months a
year earlier to £13.1 billion.
Bank of England data shows that gross lending to SMEs began to
rise in April last year and has risen every month since year on year.
And even as new lending rises, businesses are continuing to repay
loans. In Q2 2014 SMEs repaid £5.6 billion of existing loans.
Companies are also holding healthy cash reserves. At the end of Q2
SMEs were holding £143.1 billion in cash in bank accounts. This is a
rise of 9 per cent on the same quarter in 2013.
Every silver lining has a dark cloud, however and some businesses
see the economic climate, regulation and late payment rates as major
obstacles.
Alternative
The banks also say they are working to increase access to alternative
finance providers, recognising that a traditional loan might not be the
most funding sensible option.
Partnerships with institutions like the UK Business Angels Association
and Community Development Finance Institutions give businesses that
are inappropriate for finance from banks the option to be referred to
Community Development Finance Institutions (CDFIs).
The BBA and some of the major banks have launched a pilot referral
program for Start Up Loans. As part of this pilot, business start-ups
that are inappropriate for bank finance will be given the option of
being referred to The Start Up Loans Company.
A new Finance Finder - betterbusinessfinance.co.uk - offers
businesses access to 500 finance providers across Britain.
Levels of alternative finance are growing, including invoice
discounting and peer-to-peer lending.
The BorrowersBUSINESSES ARE INCREASINGLY LOOKING TO
INVEST TO GROW, FIGURES SUGGEST
finance
25
Issue FivePlease mention Inspire Magazine when responding to advertisements.
A Milton Keynes organisation that helps out of work managers and professionals back into employment or into starting their own businesses has had a staggering success rate.
More than 250 people have attended Milton Keynes Executives Action (MKEA) and more than 80% of them have moved into employment or created new businesses.
MKEA can rightly boast that it is one of the premier organisations of its type in the country.
It achieves success by building the confidence and skills of people who have suffered from unemployment.
Redundancy and unemployment is probably the most stressful, frustrating and lonely period anyone will encounter during their career.
MKEA builds confidence and skills by running free formal training as well as what might be described as support sessions, where people can just pop in for a chat.
Training sessions are run on Wednesday
evenings and coffee stops on Thursday
mornings. Both the training and the
drop-in are free to attend and there is no
membership costs.
The training sessions operate during term
times only and are held in the Milton Keynes
College, at Woughton Campus West, off
Chaffron Way.
Improving
They start at 6.30pm and last for two to
three hours. The range of subjects includes
improving you CV; well-being and self
confidence; social media and job hunting;
starting your own business from an interest
or hobby; interim management; introduction
to networking etc.
Advice
On Thursdays the drop in coffee stop is
help at Strudwicks Coffee Bar at the MK
Christian Centre and a group of members are
available to just sit and talk about any subject
or perhaps give some advice on issues of the
day for the person concerned.
Besides these two events each week they
also provide 1-2-1 advice on CV’s, job search,
business plans etc and occasionally have full
day sessions on topics such as competancy
based interviewing, LinkedIn, etc.
InterviewMKEA also arranage for mock interviews to
help those how have an interview planned and not been through that process for some time.
A successful but unnamed member of MKEA said: “MKEA demonstrates the necessity for an effective targeted comprehensive job search and then provides the training and expertise to implement it. I recommend it to all job seaking executives and professionals.”
MKEA services are provided FREE to jobseekers and those facing redundancy, but donations will be gratefully received.
To find out more about MKEA contact John Dale by phoning 0773 645 4327 or emailing [email protected]
There is also a website at: www.executives-action.co.uk
Making a difference
feature
Unemployment can be a shattering blow. INSPIRE finds out about one group that holds out a helping hand
26
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
east-west rail
The East West Rail project is already set to connect Aylesbury with Milton Keynes and Bedford but a new study says it would make sense to take it further and complete the route to Cambridge.
The East West Rail Consortium claims the delivery of new rail services between key locations could deliver substantial economic benefits and support significant growth.
The report concludes a study by Atkins Consultants and is the first step towards developing an outline business case for the East West Rail ‘Central Section’.
Network Rail, working with the consortium and Department of Transport, will lead the next phase of work to consider and examine the engineering, operational and planning feasibility and cost of several potential route options.
The aim is to establish a scheme with a robust and convincing business case that can be submitted to Government in 2016 to secure inclusion of the scheme, subject to funding availability, in the 2019-24 investment plans for the rail industry.
It has been a long term aim of the East West Rail Consortium to improve rail connections within the region by re-instating the former ’Varsity Line’ between Cambridge and Oxford.
This would provide the rail infrastructure for train services to run from East Anglia to Oxfordshire (and beyond) with connections to all national mainline services to the north, west and south of England.
Bob Menzies, service director for strategy and development at Cambridgeshire County Council, who chairs the East West Rail Central Section Steering Group, said: “Now that the Western Section between Oxford, Bedford and Milton Keynes is going ahead, we are working to develop the business case for the Central Section to complete the missing link.
Benefits“To do this, we need to identify a route that will deliver the greatest
benefits to support the case for investment.“The good news is that this study shows there is significant economic
growth potential that could be unlocked through new rail services and that the Government is providing funds for Network Rail to undertake the next vital phase of feasibility work to identify a preferred route.
“The former line between Bedford and Cambridge has been dismantled, the land sold and sections used for other purposes, including housing. This means that we are looking at constructing a brand new stretch of railway.
“Several routes have been considered in the past but until now there has not been clear justification for investment.
“This is why we commissioned Atkins to identify where the greatest economic benefits could be realised through improved transport links. The study considers forecast population growth, employment levels, economic activity and planned growth as well as a review of existing and forecast transport requirements.”
Dr Julian Huppert, MP for Cambridge and vice chair of the All Party Parliamentary Group for East West Rail said: “There’s no doubt that we need this railway - linking Norwich and Ipswich through Cambridge to Oxford and Reading has huge benefits; that’s why I’ve pressed for it for years.
“But the route is hard to find, and people have quite rightly been asking which route would be taken, how much it will cost and when it will finally happen - this study helps us to answer those concerns. I am delighted that Network Rail will now take forward the next phase of route design and produce a business case.”
For more information: www.eastwestrail.org.uk/central-section
Search is on for a railway route between Bedford and Cambridge after study supports economic case for investment
The rail deal
Advertise your
vacancies with Inspire
27
Issue FivePlease mention Inspire Magazine when responding to advertisements.
A female body building champion is bringing her unique spray tanning offer to a business centre in Newport Pagnell.
Louise Beard, who was placed third in the world at championships in Russia in 2012,
specialises in high volume tanning with care and excellence and includes athletes preparing for
their shows and photo shoots.
Louise, a separated, single mum of three children, said: “I fell into spray tanning through
my personal trainer Karen Marillier, I have built a mobile spray tanning business and now I’m
opening a fixed base for Sexi Skin at the I:Centre in Newport Pagnell. The business has grown
tremendously during the last six years.”
Louise, a degree educated graduate of the University of Bedfordshire, and Karen run Show
Tan, the UK’s first dedicated spray tanning company for fitness models and bodybuilders. Last
year she was appointed UK and Ireland spray tanning trainer for USA-based Liquid Sun Rayz.
Europe is also added into the role.
ProfessionalA published author, Louise has rewritten training manuals and teaches two types of courses,
salon tanning and competition tanning. Louise counts among her customers, world class
professional athletes and promising local athletes who are flying her as their personal tanner to
The Netherlands where they intend to compete in bodybuilding couples category and Jessica
Ennis’s body double.
Louise said: “A tan is so very important in this competitive arena that it can actually make or
break a physique and an athlete’s placing can be seriously affected by having a bad tan. The
level of care and service I have to put into my athletes and models has been transferred into my
mobile tanning work and now my studio Sexi Skin.”
She counts theatre actors among her clients but says: “My work is mostly centred on every
day people needing a tan for a special occasion such as a wedding, night out, weekend away
with someone special, pre-holiday tans, hen parties, bridal and anything else in between!”
“For customers a spray tan treatment has the power to lift their spirits, make them feel more
confident, feel good and look great!
“I feel am really involved in making them happy, my reward for that is real job satisfaction
which makes me happy.”
The Sexi Skin spray tanning studio will give customers the opportunity to get a feel for what
it is the client really wants from their tan experience and for Louise to assess their skin type
through asking a few simple questions and building that all important rapport.
Each consultation can last up to 45 minutes dependent on client time constraints.
Joe Muscat, owner of Bucks Biz business centres, said: “It’s fantastic to attract world leading
business people like Louise to the I:Centre. We hope her association with the I:Centre will be
long and profitable.”
MUM-OF-THREE LOUISE HAS MOVED INTO A FIXED BASE AFTER BUILDING A MOBILE TANNING BUSINESS
my story
BodyBRILLIANT!
28
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
export
Currying favour in India
Companies from Luton and Bedford were among a 40-strong trade delegation that went across to India at the end of August.
The new Indian government, lead by Prime
Minister Narendra Modhi, was elected in May
with a clear focus on economic growth.
The British government believes this new
administration will open up opportunities for
UK companies to do business.
Gravitas
Deputy Prime Minister Nick Clegg and
Ed Davey, the Secretary of State for Energy
and Climate Change provided the political
gravitas.
Bedford company Blue Bear took part in
the three day event to promote business
development in the aerospace and advanced
engineering sector.
Yoge Patel, Blue Bear’s representative, said:
“As a SME, it’s a huge privilege to be asked
to attend the VVIP Trade Mission backed by
a government delegation and we are very
excited to have the opportunity to explore
potential relationships within India.
“As a rapidly emerging market, India has
enormous potential for our agile unmanned
systems in aerospace and maritime, and we
look forward to discussing openings in both
the civil and military sectors”.
Blue Bear has been trading for 14 years and
originates from an R&D company specialising
in autonomy, unmanned systems and flight
management and control software.
Blue Bear was joined by Luton company
Jaltek Systems Limited.
RemarkableJaltek is an integrated electronic
manufacturing and design service provider
offering a full turnkey capability in the
design, development and manufacturing of
complex electronic products, systems and
assemblies.
Deputy Prime Minister Nick Clegg said:
“This (India) is a remarkable country with a
young, dynamic and enterprising population.
“Over the last 20 years, it’s grown to
become a global economic heavyweight.
India’s people are even more ambitious
for the future and Prime Minister Modi
has pledged to attract more investment,
create jobs, boost trade and pursue greater
prosperity.
Milestone
“I would like this visit to be a milestone in
our drive to forge a new special relationship
with India.”
He said British businesses have increased
exports to India by 50% making the UK the
biggest investor in India of any country in the
G20.
As far as trade the other way goes, Mr
Clegg said India invests more in Britain than
it does in the whole of the European Union
combined.
The delegation was organised by UK Trade
and Investment(UKTI), the government
department that helps UK-based companies
succeed in the global economy.
TWO BEDFORDSHIRE COMPANIES WERE IN A BRITISH TRADE DELEGATION TO THE SUB-CONTINENT. INSPIRE LOOKS AT THE OPPORTUNTIES
Picture printed with kind permission of the Cabinet office
29
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Just the job
Bedford College is reinforcing its links with thousands of businesses across Bedfordshire and Milton Keynes by launching a Job Shop for students.
The new scheme will guide students on
from the award-winning careers advice given
to them at college, towards the real world of
work.
Andrew Bridges, Bedford College Job Shop
manager, said: “There is a gap between
having great qualifications, knowing the sort
of career you would like and being able to
convince a HR manager or business owner
that you are the employee they are looking
for.
Sustainable“The Job Shop aims to help bridge this gap
by supporting employers and students to
come together, creating mutually beneficial
and sustainable employment opportunities
that benefit all parties.
“We will also take the pain and strain of
employing people away from the business,
working to help potential employers identify
what skills and qualifications they require. We
will also be advising them on employment
options, such as apprenticeships or full-time
employees.
“We aim to offer a high quality recruitment
service, offering pre-vetting, short listing and
interview space for employers, presenting
them with high quality candidates who fit
their needs. On top of this our service to
businesses will be free.
“Apart from this free service, the other
benefit for businesses is that Bedford
College’s expert team is best placed to
advise businesses if there is any Government
funding for work-related training for such
employees.
“We have a great talent pool here,
incorporating some the most employable
young people in the region; it makes
complete sense for the college to match
these up with local businesses.”
Andy comes from a background of
supporting young people and diverse
groups become more employable. He has
also successfully built his own businesses in
outdoor pursuits and product distribution.
“Students will be helped with CV writing,
interview skills and more, so when they
present themselves to businesses they stand
out,” he said.
Opportunities
“There may also be opportunities for
employers to test out some of our students
through work placements, holiday and
part-time employment. That means valuable
work experience for our students and gives
employers the chance to see what our young
people can offer.
“I will be talking to local employers,
business groups and College contacts to
explain how we can bridge that gap between
college and work. Anyone who would like to
know more can ring me on 01234 29166 or
email [email protected]”
Bedford College works in close co-operation
with Job Centres and other employment
agencies and outlets and will continue to do
so via the Job Shop.
The Job Shop is based at the Bedford
College Cauldwell Street campus and was
officially launched over the summer months.
STUDENTS HAVE
BEEN CRITICISED
FOR NOT HAVING
WORK-READY SKILLS.
ONE COLLEGE IS
AIMING TO CHANGE
ALL THAT, INSPIRE
TAKES A LOOK
young people
30
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
Business satelliteMilton Keynes and businesses
across the South East Midlands region could benefit from having their own satellite - or at least using their valuable data.
That’s the view of Biztech - the business
and technology forum - who together with
UCMK will be hosting an MK Innovation Den
‘Ask the Expert’ event in the city on Thursday,
October 9.
Fredi Nonyelu, the chairman of Biztech,
said: “The Milton Keynes region is known for
aiming high - how much higher can we get
than our own satellite?
Exciting
“It’s not a pipe dream because there is
exciting work going on now, today, to use
the information to transform every aspect of
our everyday lives.”
Fredi added: “There’s a vast array of
possible applications, including better GPS
and traffic management, pollution control
and control of urban development.
“Satellites can also help control disease
in trees, which is very important in Milton
Keynes, where we enjoy having 22 million of
them.
“Flood control, better ploughing and
fertiliser use and things like intelligence
for the insurance industry and emergency
responses are all areas that could benefit
greatly by using satellite data.”
The Innovation Den event on October 9
will see two highly regarded expert speakers
describe the benefits and opportunities of
satellite applications.
Richard Hilton is the Head of Earth
Observation at the Satellite Applications
Catapult, and Dave Fox, chief executive of
Geospatial Insight.
Dave’s company is a great example of how
unlocking space data can help the finance
sector make better commercial decisions.
Benefit
The idea behind Biztech and UCMK’s
Innovation Den series of talks is to spread the
message of new technology and how it can
benefit people and businesses. The global
space sector is forecast to be worth £400
billion by 2030.
The Ask the Expert event will be held from
5.30pm to 7.30pm at University Campus
Milton Keynes, at 502 Avebury Boulevard,
Milton Keynes (MK9 3HS), on Thursday,
October 9.
Tickets are priced £20 for non Biztech
members and £15 for Biztech members.
For details of how to get tickets visit http://
goo.gl/8fascN
Event sets out to look at the commercial opportunities from space technology
technology
31
Issue ThreePlease mention Inspire Magazine when responding to advertisements.
skills
Luton has been approved for Assisted Area Status which means local businesses will be eligible to bid for extra funding and tax breaks to create jobs, invest in new premises or machinery and grow.
Assisted areas are recognised in European
state aid rules as being less economically
advantaged places that would benefit from
additional support for development.
As a result, financial support from
government is permitted to businesses,
for new investments. The government’s
Department for Business Innovation and
Skills points out however that being located
in an assisted area does not confer any right
to financial assistance; rather, it allows the
public sector to provide certain types of
assistance if it wishes.
The new assisted area map came into force
on 1 July and runs until December 2020.
Luton councillor Sian Timoney, portfolio
holder for environment and regeneration,
said: “We are very pleased to be included on
the new Assisted Area map, which will help
our local businesses to grow and create jobs.
Businesses in assisted area wards will benefit
immensely and it should boost our local
economy.”
She urged businesses to apply for Round 6
of the Regional Growth Fund. “This is a great
opportunity for businesses to make
a difference in their area and help to
grow the economy,” she said.
Local authority wards in the town
that are covered by assisted area
status are Biscot, Challney, Crawley,
Dallow, High Town, Lewsey, South,
Stopsley and Wigmore.
GrowthMichael Fallon, the former Business
Minister in the Coaliion Government said: “Assisted Area status can be a shot in the arm for growth and jobs across the UK.
“It makes local businesses eligible to bid for additional funding and support that can help them to create jobs, invest in new premises or machinery, develop and grow.
“We listened carefully to local groups to identify places where regional aid can have the biggest impact and help to rebalance the economy. The regeneration of a range of industrial centres, coastal and urban areas has been given a boost.”
Assisted Area status makes businesses eligible to apply for regional aid, which is typically offered as capital investment for businesses in less prosperous local economies. Programmes in England that offer regional aid include the Regional Growth Fund (RGF) and the Advanced Manufacturing Supply
Chain Initiative (AMSCI).
Eligible areas were selected based on a
combination of economic need and economic
opportunity. Places with the potential for
business growth, particularly manufacturing,
have been favoured.
There have been 2 consultations on which
areas should qualify, with input from Local
Enterprise Partnerships and local authorities
ensuring that local intelligence was a key
driver in the process.
Further information on state aid in the UK is
available at www.gov.uk/state-aid and www.
ukassistedareasmap.com
Giving a helping handNew status gives businesses in Luton the chance to apply for certain types of assistance
Photograph by Richard Thomas - From geograph.org.uk
32
Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
A social media guru has used her business skills to help an 81-year-old retired professor how to blog.
Cassie Hicks Kerr runs MMSpark (Modern Marketing Spark) from her
home in a south Beds village from where she helps 150 clients across
Beds and Hertfordshire reach new customers by using social media.
Cassie said: “Michael Bassey is an education campaigner but he
didn’t have a website and didn’t know how to use social media to get
his message out.
“Michael happens to be 81 but there are many people, including
small businesses, that don’t have a clue about the power of social
media.”
Cassie built www.labourneedsapolicyfortodaysprimaryschools.com
for Michael at and taught him how to blog over the telephone. Now
he’s going from strength to strength.
Prof Bassey is full of praise for Cassie’s work, just like many of her
business clients.
Prof Bassey said: “Cassie Hicks Kerr offered ‘out of the blue’ to sex
up my website. In the event we set up a new one and she did an
excellent job in responding to my ideas. Whether it is sexy I doubt! I
am happy to commend her workmanship to others - she does a good
job and quickly.”
Cassie added: “The ‘sexing up’ reference is from a friend of mine
who told him his site needed to be ‘sexed up’ and referred him to me!
“Michael is a great example of someone who is open to learning
new things and is now seeing the benefits. Many small businesses are
in the same position in that they just need the tools and knowledge to
take advantage of modern marketing.”
For more information on the Modern Marketing Spark visit
http://mmspark.com
CASSIE HICKS HELPED AN 81-YEAR-OLD PROFESSOR HOW TO BLOG
social media
Sexing upsocial media
BUSINESS ISBOOMING!Make sure you’re part of it.Advertise with Inspire.
33
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Businesses working in the visitor economy need to be aware of long term trends shaping their customer base.
That was one of the key messages from a conference in Milton Keynes on July 18.
Held in the Speigeltent venue at the Milton Keynes International Festival, the meeting brought together senior national and local tourism gurus for the launch of a key plan.
The aim was to give businesses involved in the tourism sector the opportunity to find out exactly what the visitor economy entails and why it is so important to the city.
StrategyDestination MK has a 10 year strategy to help
businesses capitalise on the growth of visitor numbers projected up to 2023.
The event welcomed speakers and presentations from VisitEngland, SEMLEP, MK Council, Experience Bedfordshire, Canon’s Ashby and IF:MK.
Keynote speaker James Berresford, Chief Executive of VisitEngland, also officially launched MK’s Destination Management Plan - the 10
year plan for how the visitor economy will be managed throughout the city saying, “It was a sensible yet ambitious plan.”
The very nature of tourism is changing, driven by social upheaval, about 50 delegates heard.
Tom Wells, of South East Midlands Local Enterprise Partership (SEMLEP), told delegates that the post recession visitor was all about value. Even the affluent are looking for a bargain. They are also staying at home for holidays, or would at least consider them.
Almost at odds with that is the development of what is becoming known as the Play Society. In the Play Society people will still spend on leisure activities even if they are cutting back elsewhere.
Driving all this change is an increasing ageing population and changes in family structure. No longer is it true that mum, dad and kids have just grandparents. There is a web of complex relationships, including step parents and grandparents.
But marketers’ concentration on the 18-30 market increasingly ignores grey pound baby boomers who are the driving force decision makers. They are the ones with the money and the resources that younger people don’t possess.
Families are increasingly deciding to go away together for occasions like Christmas and new year.
Also people, driven by the pressure of work to look for shorter breaks, are booking holidays with less than two weeks notice by using tablet devices and mobile phones. And when they go away, they need trophy experiences to post on Facebook, to show their friends they are leading a better life than them.
The conference was told that giving someone a wow experience, something they can take a picture of and post on social media is vital for successful businesses. That’s a lesson that visitor businesses fail to take notice of at their peril.
Businesses that fail to grasp the importance of these trends will soon find themselves struggling on the margins.
Destination MK has developed a management plan, which includes the possibility of bid being made for Milton Keynes to be the EU Capital of Culture UK in 2023. Such a bid would have to be submitted by 2017 and working up to it, organisers believe, would focus minds on what can be done to improve Milton Keynes as a visitor destination of choice.
Steven Gordon-Wilson, Chief Executive of Destination MK said: “This inaugural event was a fantastic start to what will hopefully be a regular event in the MK business calendar - all of our guest speakers gave an important insight into the visitor economy.”
“James Berresford from VisitEngland spoke very highly of our Destination Management Plan when he launched it, and also helped to put the MK Visitor Economy into a national perspective. Having Cllr Rob Middleton from MK Council speak was also really beneficial - for me, it’s crucial that we keep the visitor economy high on the agenda, and this event did just that.”
For more information visit: www.destinationmiltonkeynes.co.uk or www.visitengland.com
tourism
Give them the WOW factor
COMPANIES WORKING IN THE VISITOR ECONOMY MUST GIVE PEOPLE MEMORABLE OCCASIONS
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Autumn 2014 Editorial and advertising enquiries: [email protected] | 07931 973967
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Luton Borough Council has teamed up with Bedfordshire Fire and Rescue Service, Citizens Advice Bureau and Luton Law Centre to tackle problems of poor accommodation in the private rented sector.
The project follows a string of successful prosecutions in which landlords were renting out
poor quality and unsafe homes to Luton residents.
They will focus on Houses in Multiple Occupation (HMOs) which make up approximately a
quarter of households in the private rented sector in Luton.
They’ll be identifying properties being rented out across the town which are damp, cold, dirty,
unsecure, too small or don’t have the appropriate number of bathrooms or toilets.
The council’s housing team can then ensure that these properties are brought up to suitable
standard and licensed. Legal action will be taken against landlords that don’t comply.
A purge against empty properties is also promised.
Construction of the Bedford western bypass has overcome a raft of obstacles to begin construction this year.
Bedford Borough Council calls the project
‘crucial’ and has reached agreement with all
the principal landowners, it says.
The final section of the bypass will join the
A4280 at Bromham with the A6 at Clapham,
completing a link from north to south
without the need for traffic to pass through
Bedford town centre, reducing congestion in
Bedford as well as creating new opportunities
for jobs and investment.
Mayor of Bedford Borough, Dave Hodgson,
said: “It is superb news for our road network,
for the local economy and for local quality
of life that we can now get on and build
this road. A completed bypass will reduce
congestion in Bedford, cut journey times and
help unlock new investment and jobs.”
Have you got what it takes to be a business champion? Then you should enter the race to be named Bedfordshire Business Champion 2014.
This year’s free-to-enter county awards have
been launched with the purpose of finding
the one firm or individual entrepreneur
who best represents Bedfordshire business
brilliance.
Winners of the county champions title
could, at the same time, be judged East of
England Business Champion.
There will be no need to enter another
stage however, as the judging process will be
carried out at the same time.
Awards
The awards night will be held later this year
at the big new Center Parcs Woburn Forest,
in Bedfordshire.
There are a total of 14 categories to enter
and entrants may go for more than one
category up to a total of three.
For more details and to enter visit:
www.eofebusinesschampions.co.uk
Hertfordshire County Council is inviting business
offering property maintenance, management or
construction services to register to receive details
of tender opportunities via Supply Hertfordshire at
https://supplyhertfordshire.g2b.info/
In the newsChampion
chanceHousing crackdown
Western promise
Constructing Hertfordshire
in the news
35
Issue FivePlease mention Inspire Magazine when responding to advertisements.
Central Bedfordshire Council’s Executive Committee has recommended an extra £350,000 capital investment to extend the coverage of superfast broadband in the area. With further additional investment from BDUK this funding would be expected to support well over an additional 1,200 premises.
The council says it is on track to expand its
coverage from 90 per cent of premises to
at least 95 per cent in 2017/18. Superfast
broadband is classed as 24Mbps.
Jason Longhurst, director of regeneration
and business, said: “This further investment
means that we can continue to back our
businesses to grow sustainably, especially
small and medium enterprises in Central
Bedfordshire who can particularly benefit
from superfast broadband.”
For more information visit www.
centralbedfordshire.gov.uk/broadband
Hertfordshire County Councl wands businesses to offer young people work experience placements.
The council says work experience is hugely
beneficial to students, and for employers it
is a tool to allowing staff to develop their
management skills, get fresh eyes on a
project, and have that all-important extra
pair of hands. They may even identify future
recruits.
For details email: wex@youthconnexions.
org or call 01438 843705.
A second business to business exhibition is being held in Aylesbury in October.
Wilde Events are delivering the the
Aylesbury Business Show, in association with
Aylesbury Vale District Council, on Thursday,
October 16 at The Gateway.
The exhibition will provide an opportunity
for small to medium companies based in
Aylesbury Vale to come together for one day,
in one place, to encourage businesses to
trade locally.
Tracey Aldworth, AVDC director, said: “The
hugely successful event last year attended
by hundreds of businesses proved that real
business can be done in a well structured ‘all
day open’ event. Attendees took advantage
of being able to do business by attending
various activities during the day. We know
that businesses want to network with their
peer group to grow their business and believe
we have created the right environment to do
this, with us being close enough if needed.”
For details contact Steph Czaplinska on
[email protected] or 07540 722981
and say you saw the article in Inspire business
magazine.
New research has revealed some very encouraging economic statistics in Luton during the first quarter of the year.
A recent report from Duport.co.uk shows there were a record
number of new company formations during the three months to
March.
ExperiencedDuring this period, company registrations rose by 17%, putting the
area well ahead of the UK as a whole, which experienced a 12% rise.
There were even more positive figures when it came to net company
growth (the number of company formations minus the number of
closures).
By the end of the first quarter, net company growth stood at 252,
compared to 195 during Q1 of 2013.
In further good news, the report also shows the UK company share
of Luton rose over the three months.
Managing Director of Duport.co.uk, Peter Valaitis said: “A rise in
company formation is fantastic news for the economy of Luton and
suggests entrepreneurial spirit is alive and well in the area.”
The Duport Business Confidence Report for Luton provides a range
of data to give an insight into the local economy.
More information and statistics can be found at http://www.duport.co.uk/luton.
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Entrepreneurial Luton
Work experience
Expo in the Vale
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