- Increase the number of Nottingham residents with Level 2 qualifications
- Create 15,000 new jobs for Nottingham people
- Continue to support residents into work through the Nottingham Jobs Hub
- Support 1,000 residents into work by securing external funding for programmes across the city
- Support 1,000 more Nottingham young people into learning and work with businesses to create 500 new apprenticeships.
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Business leaders seek tax, trade and skills support to meet challenges of next 20 years
Almost half (47%) of UK businesses said taking on new staff is their key ambition in the medium-term, according to new research to mark the 20th anniversary of the Lloyds Bank Business Barometer.
The survey asked 600 businesses about the major challenges and opportunities faced in the last two decades and anticipated challenges up to 2040 and beyond.
Companies also highlighted developing new products and services (36%) and increasing online sales (30%) as major ambitions and priorities.
The survey found that businesses expect online purchasing (20%) and demand for instant products and services (18%) to be the biggest changes in consumer behaviour in the next 20 years, forcing them to be more creative and innovative in order to adapt to deliver quickly.
These predictions mirror the factors which businesses cited as having had the biggest impact on their operations in the past 20 years – chiefly greater access to information (24%) and more online purchasing (22%) changing customer behaviour.
However, firms are optimistic about further changes to consumer behaviour, with 38% reporting that advances in technology have had the biggest positive impact on their business in the past 20 years.
Challenges ahead
Despite a clear drive towards growth, a net balance of 83% of firms anticipate the next 20 years will be more challenging than the past two decades – which included the financial crisis and resulting credit crunch, recession, the Brexit referendum and the global pandemic.
Some of the challenges that businesses see themselves facing can be linked back to the pandemic, including rising costs (23%) and the ability to recruit staff (11%). In addition, one in ten (11%) businesses see the need to keep up with technological developments as their biggest challenge in the next two to three years.
Government provision of greater access to more vocational-based learning was seen by 44% of firms as being a way to help mitigate these challenges. However, companies believe that future growth opportunities will need to be supported by more favourable taxation to encourage sustainable business practices (52%) and new trade agreements with major trading partners (48%).
Paul Gordon, Managing Director for SME and Mid Corporates, Lloyds Bank Commercial Banking, said: “The Business Barometer has provided unique insights into the views of British businesses for 20 years. In that time, we have seen a seismic shift in the economic context in the UK, as well as the extraordinary ability of business leaders to adapt and evolve to meet changing market needs.
“Perhaps it is not unsurprising that, having faced a quite unprecedented period of late and enormous change over the last twenty years, the majority of business leaders feel the next twenty years will be more challenging. To help them through this, businesses are looking for support on skills, finance, trade and taxation to navigate in this environment.
“One thing that is clear is that our businesses and business leaders are incredibly resourceful and resilient and are adept at facing into constant change. They tell us they are gearing up for growth and expect to increase headcount, enhancing their service offering or utilising new technologies. We’ll be by their side over the months and years ahead as they deliver on their ambitions.”
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Housebuilder given green light for 93 new homes in Nottingham
A local housebuilder has been given the green light for a new development in Fairham.
Planning for Redrow East Midlands’ seven-acre Fairham development, in Nottingham, has now been granted.
Two, three and four-bedroom homes will be created.
As part of the new development, Redrow will also be contributing towards improving the local area, helping to fund affordable housing, two new schools and improved bus service for local people.
Ryan O’Sullivan, sales director at Redrow East Midlands, said: “We are delighted to be bringing more much-needed new homes to Nottinghamshire.
“We understand that the priorities of prospective homebuyers have changed over the last year, with proximity to green, open space, community spirit and easy transport connections high on the agenda.
“We were the first housebuilder to commit to the new neighbourhood being created here, which once complete, will form a brand new, sustainable and desirable location to live. We’re anticipating that this development will be incredibly popular.”
The development forms part of Rushcliffe Borough Council’s Local Plan and will help meet the borough’s housing need for 13,500 new homes over the next decade.
Tax & SSAS consultancy appoints heavyweight marketing team
WestBridge Group, which provides specialist tax advice to businesses and their owners, and independent administration, consultancy, and trustee services for Small Self-Administered Pension Schemes (SSAS) has appointed Chris Darlington and Simple Marketing Consultancy to lead its marketing strategy.
Chris joins as group marketing director having formerly been the head of the Leicester offices for BDO, Tenon and latterly Mazars.
Simple Marketing Consultancy (SMC) is jointly run by Bev Cook who was previously the head of marketing for Tenon. She has worked for a number of other professional services firms including BDO and Grant Thornton and has been running her own outsourced marketing consultancy with business partner Elliot Cook since 2010.
In their new roles they will lead the marketing strategy and help to raise the profile of the group which has its main office in Leicester. In 2020, the group acquired a book of small self-administered pension schemes from financial services provider James Hay and now employs a UK wide team of 40 people who operate under the WestBridge Tax and WestBridge SSAS brands.
Commenting on the appointment, Chris Darlington said: “I am delighted to be joining the group during a very exciting time in its development. We have some ambitious plans for growth and our main goal will be to ensure we implement a focused and co-ordinated programme of marketing activity that ensures our audiences understand the benefits of the specialist advice we can offer to help clients protect their corporate and personal wealth.
“Having previously worked with Bev & Elliot, I’m confident that our combined skillsets will help to create an award winning firm that is renowned for the quality of its advisory solutions and service.”
Group director Tom Moore added: “There are significant advantages to be gained by going to market as a Group rather than separate brands, particularly as we add more new services. We recognise that the same market sectors can benefit from our solutions and Chris and SMC have previous experience of implementing highly effective marketing plans on a UK wide basis.”
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- Supporting and extending the Government’s Kickstart scheme by creating placements for 16-to-24-year-olds whose job prospects have been most impacted by the pandemic.
- Extending superfast broadband to hard-to-reach rural areas.
- Investing almost £4m in supporting community groups, hundreds of small businesses and struggling rural pubs.