2022 Business Predictions: Greg Simpson, founder of Press for Attention PR

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Greg Simpson, founder of Press for Attention PR and the PR and Communications Ambassador for the IoD in Nottinghamshire and Derbyshire.

Would you want to work in your office?

PR is somewhat misunderstood and often underutilised in business (which I don’t predict will change that much sadly) but there’s an area where it really plays a very vital role and yet is often overlooked… I’m talking about your staff. How attractive is your business to work for? Does it look like a great organisation from the outside? Are you winning awards? Are you supporting your local community or good causes? Think about how that might attract potential candidates, suppliers and of course, customers and clients. What about the internal message? Does it feel like a great place to work? Is it exciting? Vibrant? Challenging? Or is it just same old same old? If so, 2022 is going to be a challenge for you because now more than ever, talented people are going to demand MORE from their employers. We know about flexible working and work life balance by now, that is going to be the minimum expected. What we will also need to see is a bit of extra OOMPH! What helps you stand out as an employer of choice? Why, given the rise of home working, would your team want to come in? What impact might that have on company culture? How can you position your business as somewhere that people WANT to work in and partner with? How do you stop them from looking at greener grass? That will be crucial in 2022 and I predict that the organisations that do this well will not only survive but thrive.

Bassetlaw to be part of unique planning pilot

Bassetlaw District Council will be one of just seven Local Authority areas in the country to pilot a ‘Simpler Approach to Neighbourhood Planning’, supported by up to £45,000 of Government funding. Bassetlaw has been at the forefront of community-led planning since it was introduced by the 2011 Localism Act and is already supporting 32 communities across the district with Neighbourhood Plans. Neighbourhood Plans give communities a greater say in guiding development in their areas, for example choosing where they want new homes, shops and offices to be built, in addition to what these new buildings should look like and what infrastructure should be provided. The ‘Simpler Approach to Neighbourhood Planning’ pilot, overseen by the Department for Levelling Up, Housing and Communities, will support local councils to explore innovative ways to get even more people involved in community-led planning. Bassetlaw’s share of the fund will support pilot projects in at least three communities and will help them to develop a better understanding of their local area, before considering if and how a Neighbourhood Plan could help to manage it. Cllr Jo White, Cabinet Member for Regeneration at Bassetlaw District Council, said: “As one of the authorities that have taken a lead in the development of Neighbourhood Plans, the opportunity to participate in this pilot is welcomed. We are already working in partnership with 32 communities across the district to empower them and give them a greater say in the planning process, so we are excited to be part of this pilot. “Thanks to this funding we can explore different approaches and enable more communities to engage in the Neighbourhood Plan process, ultimately giving them more of a say on development in their areas.” The Bassetlaw pilot will explore how the introduction of an initial ‘understanding’ phase will help communities to develop a bespoke ‘place profile’, before considering if and how this could provide a firm foundation for a Neighbourhood Plan to follow. By working with at least three distinct communities, the pilot will allow different approaches to be trialled, such as the use of digital technologies to capture and share local data. This will also help to assess if this approach is more effective in some settings than others. The Council has been a proactive supporter of Neighbourhood Planning from the start and, in partnership with enthusiastic communities, 20 Neighbourhood Plans have been completed in Bassetlaw, with more under development or review. This experience puts the Council in a strong position to reflect on how the current system works and how potential changes could make the process more engaging for all involved. Housing Minister Rt Hon Christopher Pincher MP, added: “Local people know their areas best and by getting involved in neighbourhood planning, they can properly influence future development in their communities. “Through these pilots, we are giving more people, and particularly those from under-represented areas, the tools they need to influence decisions that affect their lives. “Over 1,200 communities across England have completed a neighbourhood plan, and more than 2,800 have started the neighbourhood planning process.” Further details on each project will be published as the pilots progress.

Derby’s high street tipped to thrive with new support scheme for independent businesses

High street businesses in Derby are being offered a helping hand to step into the 21st century with a package of free support to implement modern forms of trading. Up to 100 retail, hospitality and leisure organisations can benefit from access to expert advice via the Derby Business Resilience Programme, which is funded by Derby City Council and delivered in partnership with East Midlands Chamber. Advisers can assist in establishing an online business strategy and, depending on requirements, the creation of a fully search engine-optimised e-commerce website with 12 months’ free web hosting provided by Derbyshire-based digital marketing agency Purpose Media. Grants to cover bespoke consultancy support are available to some eligible businesses, while aspects of the support scheme are also open to companies in the transport industry supply chain. East Midlands Chamber head of enterprise, Paul Stuart, said: “Purchasing habits have changed as a result of Covid-19, with fewer in-store visitors and a move towards online transactions. “We expect this to be a long-term shift, so it’s vital that businesses ensure they see this as an opportunity, rather than a threat. “By engaging with the Derby Business Resilience Programme, small businesses can benefit from expert support to equip themselves with the right mix of tools needed for the online world – something that will complement their existing services, attract new customers and, ultimately, future-proof their organisations.” What does the Derby Business Resilience Programme involve? Derby City Council has provided £200,000 in funding towards the programme, with East Midlands Chamber contributing £42,000. It is aimed at independent micro or small businesses based within the city council’s area that can demonstrate the adverse impact of Covid-19 on their trade. The fully-funded support includes a dedicated business resilience adviser with specific digital or business support skills, who can work alongside a company to help develop an online business plan. This involves reviewing current marketing and social media activities, setting up a Google listing or even signing up a company to its first social media account. By setting up e-commerce websites with features such as click and collect or other delivery options, businesses can increase their profile and use their virtual shop window to drive greater footfall to both their physical and online store. One year’s membership of the Chamber is also provided – giving them access to business protection services in HR, health and safety, tax and legal issues, as well as discounts on member products and services – while they will be able to attend regular events and webinars to increase their digital know-how. Councillor Steve Hassall, cabinet member for regeneration, decarbonisation, strategic planning and transport at Derby City Council, said: “The last couple of years have been incredibly tough for all business, and our local retail, hospitality and leisure businesses have been hit especially hard. “We want to do all we can to offer practical support to independent retail and leisure firms across Derby and help drive our recovery from the pandemic. I’d encourage businesses to apply quickly to take advantage of this scheme.” Going digital is giving businesses ‘a renewed optimism for the future’ Full-service marketing agency Purpose Media has been approved to deliver digital marketing advice, and to design and build websites for those businesses that are eligible. The company, based in South Normanton, has previously worked alongside the Chamber in delivering the Chesterfield Digital High Street project, which has offered similar support to more than 30 businesses – ranging from gin shops and cafés to hairdressers and butchers. Purpose Media business development manager, Grace Golden, said: “Through our work in the Chesterfield Digital High Street project, we have helped businesses learn new ways to engage with customers, attract business and increase profitability. “By implementing new activity online such as posting videos or using Facebook advertising, they have renewed optimism for their future and have confidence in their ability to market their business. “We believe the Derby Business Resilience Programme can be equally successful for independent businesses in the Derby City Council area. It intends to help businesses attract new customers, drive footfall to retail stores, establish an e-commerce website and improve visibility online.” An information session about the Derby Business Resilience Programme will be held at Derby Enterprise Centre on Thursday 20 January. Businesses have until 31 March to apply for support.

PwC makes new partner and director promotions to strengthen Midlands team

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PwC has further invested in its senior team in the Midlands with the admission of three new partners and six newly-promoted directors. These promotions are in addition to PwC’s usual partner promotion round in July, and reflect the strong growth of the firm driven by demand for services including transformation, deals, and ESG. Across the Midlands business there have been a further 93 promotions to senior manager, manager and senior associate posts, making the total number of promotions 102. Matthew Hammond, PwC’s Midlands region leader, said: “I’m delighted we can make these appointments and congratulate each of our talented new partners and directors. The role of leaders has never been more important as organisations grapple with the transformation brought about by the pandemic and other major challenges such as climate change and regional inequality. “We are committed to investing in the future of our business and our new promotees bring sector expertise, local and international experiences. The promotions also represent the diverse skills we need to continue to grow sustainably while supporting our clients and people as they respond to these unique challenges and opportunities.” Partner admissions in the Midlands are; Rachael Hampton, in the consulting practice, Jeff Nye in deals and Matt Timmons in the tax practice. Rachael Hampton leads the UK private enterprise strategy and cloud transformation market, advising clients across industries on technology transformation. She works extensively across the private sector in the UK & Globally leading cloud enabled transformation programmes to deliver significant business benefits. Jeff Nye is part of PwC’s Sale and Purchase Agreement (SPA) team within transaction services and focuses on helping private equity and corporate clients across a range of sectors and deal sizes to maximise and protect value through their M&A transaction pricing mechanisms. Matt Timmons is a partner within the firm’s national Entity Governance and Compliance (EGC) business. With teams located in Birmingham, Manchester, Belfast, Reading and London, Matt will continue to grow PwC’s EGC business in response to significant and transformational changes in UK Corporate Governance. Matt is also PwC’s ESG leader within the legal practice. PwC has also named six new directors in the Midlands, these include;
  • Alison White, Jani Singh, Lisa Orton – tax
  • Kristin Roman & Vladimir Ivanchenko – audit
  • Rachael Ellis – deals

LDC announces new regional heads in the Midlands

Mid-market private equity firm LDC has announced that Chris Handy and David Bains will lead its West Midlands and East Midlands teams respectively, replacing Richard Whitwell when he retires from LDC in March. The promotions are part of LDC’s plans to expand its presence and support for mid-market businesses across the region and follow a strong year in which the firm completed 20 transactions in the Midlands with a combined value of more than £1.6bn in 2021. Richard Whitwell, who has led the Midlands team for the past three and a half years, steps down after a near 10-year career with LDC and over 30 years in the industry. He has played a central role in some of LDC’s most successful and high-profile partnerships. Chris Handy joined LDC eight years ago following a 20-year career in industry, which included operational and financial leadership roles with Rolls-Royce. He also has 10 years’ experience in PwC’s corporate advisory team in the Midlands. Chris is based in the firm’s Birmingham office. David Bains joined LDC from advisory and investment firm GLP in 2016 where he was a Managing Director focused on UK transactions. He is based in the firm’s Nottingham office and will cover an extended regional patch which includes the East of England. In the last 12 months LDC’s team in the Midlands has completed new investments in manufacturer and distributor of fine foods Bramble, mobility solutions provider Kingswood, and global manufacturer of ultraviolet technology BioZone Scientific. The team has also expanded its partnership with marina operator Aquavista through the strategic acquisition of Castle Marinas, in addition to providing support for seven other acquisitions across its diverse portfolio. Successful exits during the same period include holiday park operator Away Resorts after a period of acquisitive and organic growth, and fall protection specialist Kee Safety, following 10 years of international expansion. To support LDC’s commitment to increase investment in the region, LDC continues to recruit into the Midlands team following the appointment of Karen Mann as investment director in October and the return of Craig Hinde as origination director in March. Toby Rougier, Chief Executive of LDC, said: “The Midlands is heartland territory for LDC and a region where we have a 40-year track record of helping businesses to grow. Richard has done a great job of leading our activities, portfolio and teams here in recent years and we wish him all the very best following his retirement from LDC. “We’re committed to increasing our presence across the region and enabling more management teams to access the capital and support needed to realise their ambitions. Promoting Chris and David into their respective roles will help us to continue to deliver on that commitment. Both are experienced investors and have a clear mandate to recruit into their teams and to grow our business across the Midlands. “As the region looks to recovery and growth, we believe its medium-sized companies will have a critical role to play. They’re the fuel in the Midlands engine and, with the right support, they can turbo-charge the recovery through their ability to scale.”

DMU set to help Leicester companies reach net zero

Businesses are set to get free help to go green after Government funding worth £1million was awarded to support companies in Leicester in the race to net zero. The East Midlands Accelerator programme, led by East Midlands Chamber, will be delivered by De Montfort University Leicester (DMU), Loughborough University and the University of Leicester, alongside local authorities and business support organisations in the city. It will mean companies who have between 10 and 250 employees based in Leicester can get free help to discover their carbon footprint and put together practical steps to reduce emissions. Interested companies have until the end of January to sign up. The free support package on offer includes: •    Carbon Literacy Training – free one-day training to learn the basics of calculating your company’s carbon footprint and actions you can take •    Audits – Trained teams of students will visit you to complete a sustainability audit for your organisation •    Planning – helping you draw up a step-by-step plan to set and achieve your company’s decarbonisation plans •    Placements – Get a student or recent graduate to work within your company for free, focusing on a sustainability project •    Grants – Get support towards equipment or feasibility studies for larger-scale programmes. The zero carbon project is just one of five programmes that will be funded through the £1million pot, which comes from the Government’s UK Community Renewal Fund (CRF). Others focus on start-ups, mentoring, finance and digital transformation. Dr Andrew Reeves, Associate Professor in Energy and Sustainable Development at DMU, will be working with companies on the accelerator programme. He said: “We know from recent work we have done alongside the University of Leicester that while many companies want to do more to cut their carbon emission, they are not sure about what steps they can take to become more sustainable. “We hope that by combining all of our expertise, we can support them to take practical steps and have a plan in place which is achievable and could help to ‘green’ the whole of the city’s business eco-system. “It also gives students from the county’s three universities the chance to work with companies to help them reach these goals and play their part in climate change action.” Dr Sandra Lee, Social Impact Lead at the University of Leicester, said: “This programme brings students, businesses and academics together to share expertise and resources to tackle the climate crisis. It is an exciting development to our award-winning Innovation for Good Programme as well as building on our hugely successful environmental sustainability collaboration with De Montfort University and other partners.” The Leicester Accelerator partners are the Food and Drink Forum, Nottingham Business Venture, Start-up Leicester Co-Working and Leicester City Council. If you are an SME and would like to take part, get in touch with Leicester Innovation Hub which is co-ordinating all the expressions of interest: leicinnovation@le.ac.uk

Duo of Midlands logistics assets acquired for £66m

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BMO Commercial Property Trust Limited (BCPT) has acquired two logistics assets in the Midlands for £66 million. The company has acquired Orion One and Two, Markham Vale, Derbyshire for a price of £44.5 million. The two newly built units were completed in April 2021 and are located within Derbyshire’s 200-acre flagship redevelopment scheme adjoining junction 29A of the M1 Motorway. Orion One extends to 224,424 sq ft and is let to The National Lighting Company Limited. Orion Two comprises a smaller unit of 75,958 sq ft and is let to Smurfit Kappa UK Ltd. The second acquisition is Unit 4, Quintus Business Park, Burton-Upon-Trent which is structured as a forward funding to develop a new logistics warehouse of 171,550 sq ft. The property has been pre-let to Werner UK Sales & Distribution Limited. The purchase price is £21.5 million. The development has achieved planning consent and is expected to complete in July 2022.

SourceBio reports “substantial revenue and profit growth”

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Full year results are ahead of expectations at SourceBio International, the Nottingham-based provider of integrated laboratory services and products. A trading update for the year ended 31 December 2021 confirms “considerable growth in both revenues and adjusted EBITDA.” The company has confirmed that full year results will be “significantly ahead of market expectations.” It expects to report, subject to audit, revenues of approximately £92.4 million, an increase of 82% on revenues of £50.7 million recorded in 2020. Meanwhile the company expects to report adjusted EBITDA, subject to audit, approximately 70% higher than the adjusted EBITDA of £14.2 million recorded in 2020. The group’s long-standing business units of Healthcare Diagnostics, Genomics and Stability Storage (together the “Core Divisions”) are all now back to pre-Covid levels of trading. The group’s Cellular Pathology testing services saw very solid recovery from Q2 2021, although the pace of growth later in the year was slower than had been anticipated, as COVID-19 continued to impact on the pace of the return of elective surgeries. COVID-19 PCR testing revenues were healthy in the full year but fluctuated considerably during the year. Demand increased dramatically as travel restrictions lifted in late Q2, then reduced in Q4 as Government policy switched from the higher quality PCR testing to lateral flow testing for day two arrivals. They then bounced back in the latter weeks of the year as the Government mandated a return from lateral flow to PCR testing for day 2 arrivals. Jay LeCoque, Executive Chairman, said: “I am pleased to report to shareholders substantial revenue and profit growth in 2021, in what has been a record trading year for SourceBio. It is encouraging to see that our base business units have returned to pre-Covid levels of trading and continue to capitalise on significant new growth opportunities. Our Covid-19 testing business performed very well in 2021, particularly given the continued switches in Government policy regarding testing requirements for travel. “The company remains well capitalised and has benefitted from very strong cash conversion driving cash balances to over £33 million. With a balance sheet free of borrowings, the group is well positioned to fuel further growth in 2022 through our Core Divisions and to contemplate attractive acquisition opportunities. The board is appreciative of the dedication and efforts from all its staff in a very challenging year and is also grateful for the support from its shareholders. We look forward to updating shareholders in more detail in due course.”

2022 Business Predictions: Martin Tilley, Director, WestBridge SSAS

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to pensions expert, Martin Tilley, a Director of WestBridge SSAS. As a long-standing advocate of the Small Self-Administered Scheme, my predictions for the industry in 2022 refer to the latest transfer regulations and their impact on this small area of the pensions market. Pension scams continue to make both industry and national press headlines, so it was no surprise that HM Government felt the need to consult upon and then publish new measures to prevent the transfer of an individual’s pension assets into vehicles that the ceding scheme considered to be, or at least potentially scams. I therefore predict painful times ahead for individuals wishing to transfer their pensions to new arrangements. Particularly as ceding schemes are now able to determine or interpret their own criteria for flagging a transfer as ‘amber’ and therefore triggering a referral to the Government’s MoneyHelper Service. Potential triggers of amber or even red flags can be “High risk investments,” defined simply as “high end of the normal range of risk in the current financial market” for example, consequently I predict that this service could soon be overrun with referral requests. I very much doubt that any ceding scheme will want to expend the time necessary to make an in dept analysis of such transfer to be able to come to an informed and common-sense decision. With the emphasis likely to be to err of the side of caution, raising a flag will become the default to the likely detriment of many legitimate transfers to SSASs, and the entrepreneurs of small businesses will be curtailed from being entrepreneurial because this red tape will prevent it. Perhaps the important point to raise here is that if you want to use a SSAS at some point in the future, it’s best to set up sooner rather than later as the potential delays to registration and transfers could mean that from day one the SSAS is not actually operable for maybe 6 months.

New year, new goals… or is it? By Fiona Duncan-Steer, founder of RSViP Business Networking Agency

Fiona Duncan-Steer, founder of RSViP Business Networking Agency, discusses goal setting. As we enter into the shiny brand-new year of 2022, we firstly ask ourselves collectively: “Where on earth have the past two years gone?” Secondly, we start to think if we haven’t already about the year that lies ahead, pondering what is in store for us and for indeed mankind (if we want to get that deep about the pandemic). As a rule, new years promote new beginnings, the chance to start again in whichever form that takes for you. It may be the motivation you need to start that business you’ve been deliberating over for the past few years, change careers, start a family or a million other things that relate to YOU personally. ‘The new year, new me’ phrase has become a global phenomenon across social media in recent years, with people from all walks of life announcing their goals into the cloud in a bid to keep themselves accountable; you’ve said it out loud, so you must do it now – right? There is something to be said for sharing your goals with others, not least because it does indeed keep you accountable, but also hearing yourself say what you want to achieve out loud is quite a powerful thing – a commitment to yourself and those around you. What I would say given the past two years of upheaval and change however is to be kind to yourself when it comes to goal setting. I am not saying abolish any goals you have for fear of not meeting them, but be aware of the fact that right now it is just as acceptable to be still in operation if you are a business, to be moving forward in the right direction through taking small steps each day as both a business person and as a human being and if some days you don’t take any steps at all, that is still okay. By all means set those incredible goals by identifying what it is you actually want, after all that is basically what the end goal is – it is a result and with that comes a sense of achievement and a whole host of other positive stuff, but make that goal within reach, a challenge yes, attainable yes, but without impacting your mental health by adding unnecessary pressure to an already potentially stressful umbrella of negativity raining down from all directions in the form of this ever ongoing pandemic, change of government rulings and restrictions. The trick here is to ‘be self-aware’. Self-awareness is the key to happiness in a lot of ways and the queue jumper to becoming a better person overall, which in turn will present greater possibilities and opportunities through growth. The growth that will ultimately help you smash your goals without even realising you have!   Fiona Duncan-Steer, RSViP www.rsvipnetwork.co.uk