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<strong>Issue</strong> <strong>18</strong>: september - november 2016<br />
issue <strong>18</strong> | page 1
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<strong>IQ</strong> welcome<br />
welcome to the eighteenth edition of iq business magazine,<br />
a quarterly publication that offers insight and inspiration<br />
to sme business owners in cambridgeshire and suffolk<br />
Keep us up-to-date with your latest<br />
business news and press releases.<br />
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At the start of September I attended a business leaders<br />
dinner courtesy of the Suffolk Chamber of Commerce.<br />
The evening was hosted by Matt Hancock MP who was<br />
there to answer questions and strike up debate for others<br />
to participate in around the table. The conversation<br />
inevitably centred around the hot topic of the moment:<br />
Brexit. Business leaders around the table seemed eager<br />
for reassurance of a clear plan and indications as to what<br />
will happen to the UK once we leave the EU. Although we<br />
have been given confidence in the new Prime Minister and<br />
her government’s ability to steer the ship, what will happen<br />
post Article 50 is failing to be predicted.<br />
Following the referendum, I read a great quote which was<br />
in favour of a second vote, it said ‘who would enter<br />
a game of poker not knowing the stakes?’ I couldn’t agree<br />
more, which is why I predicted (abysmally) in the last issue<br />
of iQ that the referendum would have a low turn out!<br />
With the overwhelming amount of misleading and<br />
conflicting information the leave and remain camp were<br />
publicising, I couldn’t see how anyone could possibly make<br />
an informed decision. However, it seems that I was wrong<br />
and the UK chose to vote anyway!<br />
Gemma Treby<br />
to receive your free issue of iq each quarter<br />
Visit www.iqmag.co.uk and sign up to the iQ database.<br />
issue <strong>18</strong> | page 7
iQ contents<br />
In THIS<br />
ISSUE<br />
Gemma Treby Editor<br />
John Treby Creative Director<br />
Sammi Nice PR & Editorial Executive<br />
Elyssa Fagan PR & Marketing<br />
Rachel Cracknell PR & Marketing<br />
Pete Townshend PR & Marketing<br />
Becca Plaxton Publication Sales<br />
Adam Blythe Designer | Rachael Savory Designer<br />
Matt Cockerton Designer | Eugene Hector Designer<br />
James Willcox Designer | Steve Parr Designer<br />
Expert Contributors<br />
Peter Waters | Emma Thornton<br />
Emmerson Dutton | Steve Elsom<br />
Miles Vartan | Glen Mon Hughes | Ashley Hicks<br />
James Pinchbeck | Jacqui Burke | Jacqui Kemp<br />
Cubiqdesign<br />
Goodwin Business Park<br />
Newmarket, CB8 7SQ<br />
01638 666432<br />
www.iqmag.co.uk<br />
10<br />
14<br />
17<br />
19<br />
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23<br />
25<br />
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28<br />
30<br />
33<br />
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36<br />
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41<br />
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45<br />
46<br />
48<br />
52<br />
57<br />
60<br />
61<br />
62<br />
Hinkley Point C: What does this mean for<br />
the future of Suffolk?<br />
The consequences of Brexit<br />
HR post-Brexit: Keep calm and carry on<br />
Post-Brexit property: Expert insight<br />
Brexit on tourism: Opportunity or threat?<br />
Brexit: Are we facing an international<br />
M&A smash and grab?<br />
Employee wellbeing and the EU Referendum<br />
Newmarket BID: Planning the next five years<br />
Suffolk’s newest and most impressive attraction<br />
The arc Shopping Centre: seven years on<br />
Inspiring colleagues and delegates<br />
Communications: Agency vs In-House<br />
Getting Cosy<br />
Content is King<br />
Re-investment is key<br />
Why business development might not be<br />
developing your business<br />
Secured growth<br />
Taking care of business<br />
The working environment<br />
Business Diary<br />
Feeling festive<br />
Quickfire Q&A with Ashley Hicks<br />
Book review: Bricks and Mortals<br />
Book review: The Inevitable<br />
issue <strong>18</strong> | page 9
<strong>IQ</strong> insight<br />
Hinkley Point C:<br />
What does this mean for<br />
the future of Suffolk?<br />
The Government’s decision to delay its final decision<br />
on EDF Energy’s plans to build a new nuclear power<br />
station at Hinkley Point C in Somerset is being<br />
scrutinised by Suffolk Chamber of Commerce for any<br />
knock-on effect on the Suffolk economy.<br />
Suffolk Chamber of Commerce is so exercised by<br />
this last-minute delay that it has written to the Prime<br />
Minister expressing its members’ worries.<br />
It is concerned for two main reasons, one general, and<br />
the other more specific to the business community here<br />
in Suffolk.<br />
The general reason is the message such a delay may<br />
have on business confidence and investment decisions.<br />
Since the Brexit vote, Suffolk Chamber of Commerce,<br />
alongside its national body The British Chambers of<br />
Commerce, has been urging Government to boost<br />
business confidence by accelerating its approval of<br />
major infrastructural projects.<br />
The delay on a final decision on Hinkley Point C is<br />
unhelpful and counter-productive in this regard, and<br />
especially when set against Government delays on<br />
other nationally significant infrastructure projects.<br />
It calls into question not only the opportunities for<br />
businesses from every part of the country to benefit<br />
from the £<strong>18</strong> billion project cost, but also the 25,000<br />
jobs that could be created during construction and the<br />
900 permanent jobs when the station is operational.<br />
The more specific issue for Suffolk Chamber of<br />
Commerce is the knock-on impact of the delay in<br />
approving Hinkley Point C on the prospects for the<br />
prospective new station at Sizewell on the Suffolk coast.<br />
Suffolk Chamber has a close working relationship<br />
with EDF Energy, and its belief is clear: the nuclear<br />
industry is good for Suffolk and good for businesses<br />
here in Suffolk.<br />
It has been good for Suffolk, thanks to both<br />
the jobs created directly and indirectly and<br />
in terms of investment in the skills base<br />
of our local workforce over many decades.<br />
Sizewell B is worth £40 million a year to the<br />
local economy. The building of<br />
a new nuclear<br />
issue <strong>18</strong> | page 10
<strong>IQ</strong> insight<br />
Miles Vartan, Supply Chain Manager at Suffolk<br />
Chamber of Commerce, outlines why the Government’s<br />
delay in deciding on Hinkley Point C power station could<br />
hurt Suffolk’s economy<br />
power station would further boost our economy, both<br />
during construction and once it is up and running.<br />
The Chamber has been working closely with EDF<br />
Energy through the local supply chain website<br />
(www.sizewellcsupplychain.co.uk) to ensure that as<br />
many local businesses as possible have a chance to pick<br />
up contracts, should Sizewell C get the go ahead.<br />
80% of work packages related to building<br />
and running a power station are non-nuclear.<br />
Therefore, there will be plenty of opportunities<br />
for SMEs in Suffolk and for regional businesses.<br />
Of course, the benefits of Sizewell C would be felt<br />
nationwide as, once operational, the station would<br />
supply power for about 6 million homes and would<br />
make a significant contribution to this country’s long<br />
term energy security.<br />
That is why Suffolk Chamber of Commerce urges the<br />
Government to keep this extra time for reflection to an<br />
absolute minimum, before approving the Hinkley Point<br />
C project, both in itself and so as to free up progress<br />
on the Sizewell C proposals and public consultation on<br />
the project.<br />
More information<br />
Suffolk Chamber of Commerce<br />
42 Felaw Street, Ipswich, Suffolk IP2 8SQ<br />
01473 680600<br />
www.suffolkchamber.co.uk<br />
issue <strong>18</strong> | page 11
'Big enough to cope but<br />
small enough to care’<br />
CorporateINTL<br />
GLOBAL AWARDS<br />
WINNER 2016
issue <strong>18</strong> | page 13
<strong>IQ</strong> brexit<br />
You can’t make a massive, seismic shift in the national<br />
economic future without some discussion.<br />
What must have surprised everyone, from Prime<br />
Ministers and politicians to business leaders and<br />
economists worldwide, has been the breadth - which has<br />
been sometimes vicious and threatening - of the myriad<br />
of comments made.<br />
The day after the Referendum vote - who could forget<br />
the Breaking News logo on the BBC website around<br />
6am with the headline saying ‘Britain Votes to Leave the<br />
European Union’ - social media immediately erupted<br />
with millions of words of relief, accusation, confidence,<br />
anger . . . almost every emotion.<br />
Michael Gove, a leading Brexit campaigner, famously<br />
dismissed the views of experts, saying they were of no<br />
consequence. So why are they employed?<br />
Mr Gove has since faded away. Yet, since the morning<br />
of 24th June, expert views prevail.<br />
Their views – fabricated or not – make the<br />
news, and have affected markets.<br />
For anyone running a business – small<br />
businesses, especially – the picture is<br />
extraordinarily confused. At the<br />
beginning of August, news came that<br />
the service sector, an extraordinarily<br />
important part of the UK economy,<br />
was shrinking at a faster rate than<br />
ever. This could be the moment<br />
alarm bells<br />
started to<br />
ring twice as<br />
loudly, but there were calm words from Marcus Scott,<br />
chief operating officer of The City UK.<br />
Speaking on BBC Radio Four’s Today programme, he<br />
revealed astounding figures. Some 2.2m people work in<br />
the financial services industry in the UK, with two thirds<br />
of those working outside London. In 2014, they paid<br />
taxes amounting to £66bn, two thirds of the nation’s<br />
education budget. Yet that calm front broke rather, when<br />
he said that the UK still wanted access to the European<br />
Single Market and that financial services should be a<br />
priority in forthcoming negotiations.<br />
With East Anglia supporting a range of highly<br />
prestigious universities, Scott’s other comments were<br />
particularly relevant. “We have a great deal of skilled<br />
talent in the UK,” he said. “Evidence shows that those<br />
who were educated in the UK often make favourable<br />
decisions regarding inward investment in the UK later<br />
in their lives.”<br />
So, as a nation, we<br />
are wringing our<br />
hands about<br />
the dent to<br />
the economy<br />
which Brexit<br />
has caused.<br />
The pound<br />
has fallen<br />
issue <strong>18</strong> | page 14
<strong>IQ</strong> brexit<br />
Glen Mon Hughes takes a look<br />
at the national economic future<br />
following Brexit<br />
in value, though exporters say that makes UK exports<br />
more competitive. The stock market initially crashed,<br />
but is recovering and heading back towards record highs.<br />
Then we read that France, hardly a nation in search of<br />
Frexit (although National Front leader, Marine Le Pen,<br />
who seems to be surging in the polls, has said it is time<br />
for a similar exercise across The Channel) has seen a<br />
massive slump in output and economic performance.<br />
Eurozone economic performance halved in the second<br />
quarter, yet France, a vocal critic of the UK’s decision,<br />
saw zero growth in the quarter to the end of July.<br />
Tellingly, data released in July showed that Eurozone<br />
jobless figures were fixed at 10.1% in June. On the day<br />
that the UK lowered interest rates to just one quarter<br />
of one per cent, the Governor of the Bank of England<br />
expected that UK unemployment rates would rise to<br />
just over 5% - considerably lower than in neighbouring<br />
Eurozone countries.<br />
Growth prospects have been lowered in the UK, but<br />
Eurozone nations, as well as competitors elsewhere, have<br />
lower growth prospects.<br />
What does it all mean? The economic world has ended?<br />
Or has it begun anew? Can we control our future or not?<br />
When interest rates fell, some welcomed the move.<br />
“Small businesses are operating during a period of<br />
significant political and economic uncertainty,”<br />
said Mike Cherry, the National Chairman<br />
of the Federation of Small Businesses.<br />
“FSB research carried out before the Referendum<br />
showed small business confidence had fallen to a<br />
four-year low. In this challenging environment, it is<br />
encouraging to see the Bank of England taking decisive<br />
action to boost the economy.<br />
“This is the first time interest rates have been cut<br />
for seven years. Lower rates should lead to cheaper<br />
borrowing costs, making finance more affordable and<br />
helping to support business investment. Small firms will<br />
also welcome the boost to household spending power<br />
and consumer demand.<br />
“However, FSB members do have concerns about the<br />
longer-term economic outlook. There is a real risk that<br />
sterling will depreciate even further, which could benefit<br />
the UK’s visitor economy and small exporters, but could<br />
also affect prices, inflation and investment. Mediumterm<br />
forecasts indicate a slowing of the economy.”<br />
Nearly 5.5m small businesses make a considerable<br />
impact on the UK economy. Their confidence in East<br />
Anglia has always been key to the local economy.<br />
Challenges exist, of course. Investment in infrastructure<br />
is vital for the region. Small businesses, education,<br />
research and many other sectors are highly significant.<br />
Who knows what may happen?<br />
Expert comments remain vital and, of course, will<br />
continue.<br />
More information<br />
www.iqmag.co.uk<br />
issue <strong>18</strong> | page 15
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<strong>IQ</strong> HR<br />
HR Post-Brexit:<br />
Keep Calm<br />
and Carry On<br />
Jacqui Burke of Flourishing People<br />
gives a post Brexit HR overview<br />
The recent Brexit vote has created uncertainty in<br />
many aspects of our lives and the world of HR is one<br />
of those that many businesses are wondering about.<br />
For many who voted to leave the EU it was the<br />
imposition of EU red tape and regulations that perhaps<br />
prompted that vote.<br />
And it would be true to say that some of the UK’s<br />
employment legislation does have its origins in<br />
Brussels in areas such as:<br />
• Anti-discrimination<br />
• Treatment of pregnant workers<br />
• Working time rights<br />
• Employment of agency workers<br />
• Rights to collective consultation<br />
• Health and safety rights<br />
However, the process that our Government has<br />
used over the years is to weave various pieces of EU<br />
legislation into the UK’s own legislation rather than<br />
tag it on the side. An example of this would be laws<br />
relating to equality and discrimination. In 2010 the<br />
UK Government removed a whole host of existing<br />
legislation and replaced it with the Equality Act. This<br />
incorporates both EU and UK legislation in one Act.<br />
And in some cases the UK Government has<br />
introduced legislation that goes beyond the original EU<br />
requirements.<br />
However, the Brexit vote does mean that the UK<br />
Government is no longer constrained by EU rules if<br />
they do wish to remove certain pieces of legislation in<br />
an effort to reduce red tape for businesses.<br />
Another factor to consider, however, is that those<br />
businesses who wish to continue trading with the EU,<br />
may find that future trade agreements still require them<br />
to demonstrate that they are meeting EU standards in<br />
order to continue with that trade relationship.<br />
So in summary:<br />
• Nothing will change any time soon.<br />
• Changes may not be as radical as some might be<br />
expecting - whole chunks of legislation are unlikely<br />
simply to disappear - changes are likely to be minor<br />
and implemented in a piecemeal fashion as each<br />
individual piece of legislation is reviewed.<br />
• Businesses may still need to abide by certain EU rules<br />
if they wish to trade with the EU.<br />
So the key message to employers at this time is -<br />
keep calm and carry on!<br />
More Information<br />
Flourishing People<br />
07770 477 688<br />
www.flourishingpeople.co.uk<br />
issue <strong>18</strong> | page 17
<strong>IQ</strong> property<br />
Post Brexit<br />
Property:<br />
Expert<br />
Insight<br />
Since the result of the EU Referendum, there has been a huge amount of<br />
speculation surrounding the effects of the Brexit vote on the housing market,<br />
but so far no obvious consequences. We caught up with Emmerson Dutton,<br />
Partner at Bedfords estate agents in Bury St Edmunds, to find out more<br />
What are the current effects of the Brexit vote on<br />
the property market?<br />
Presently, it is quite difficult to see beyond the typical<br />
summer ‘lull’ that we would expect ordinarily in August,<br />
but the initial knee-jerk reaction from buyers on the<br />
day of the result was just that, and we had no real fall<br />
out with ongoing transactions. My instinct is that we are<br />
running very much business as usual.<br />
What are the potential implications for the next<br />
five years?<br />
Inflation and interest rates will be watched closely. I<br />
think the Bank of England are acting responsibly and<br />
are aware of how fractious things could be. I would<br />
not expect any great capital growth in the short term,<br />
but supply and demand will continue to underpin any<br />
thought of price retraction. The demand to live in<br />
Suffolk is supporting prices, however, we are advising<br />
clients not to be bullish, but realistic.<br />
Who will be most affected and why?<br />
At a local level, those that are struggling to afford to<br />
buy will not see the situation change, rental prices are<br />
strong – almost too high, but there is no reason to see<br />
how things will change dramatically. One could argue,<br />
if interest rates continue at rock-bottom, those with cash<br />
in the bank doing nothing will undoubtedly consider<br />
property as a better yield for their money.<br />
What measures, if any, could be employed to<br />
combat any negative impact?<br />
There is sadly no rule book for this, but a continuing<br />
flow of communication from the Government and the<br />
Bank Of England will reassure many, and we can only<br />
watch closely the effects of Article 50 when it begins.<br />
What are you doing to prepare for the potential<br />
implications?<br />
We are being watchful, cautious in our outgoings and<br />
thinking twice before we invest in heavy business costs.<br />
We are doing all we can to make the most of any<br />
opportunities that come to us at the moment, as we<br />
are not taking anything for granted. We are confident<br />
the region will be resilient. Buyers on the whole are not<br />
using Brexit as a tool for negotiations, which says an<br />
awful lot about their mindset.<br />
More Information:<br />
Bedfords, 15 Guildhall Street,<br />
Bury St Edmunds, Suffolk IP33 1QD<br />
01284 769 999<br />
www.bedfords.co.uk<br />
issue <strong>18</strong> | page 19
<strong>IQ</strong> tourism<br />
We speak to Pete Waters, Executive Director of Visit East<br />
Anglia, to get the post-Brexit lowdown on one of our most<br />
important industries<br />
How has the Brexit vote affected the UK tourism<br />
industry?<br />
Short term it appears to have provided an uplift for the<br />
visitor economy in East Anglia. Brexit allied to economic<br />
uncertainty, fear of terrorism in Europe causing some<br />
people to think twice about travelling abroad, and the<br />
weaker pound has produced a double win – more people<br />
enjoying staycations, and we’re currently good value for<br />
overseas visitors.<br />
What are the potential implications for the<br />
future?<br />
It’s too early to say what the long-term impact will be<br />
until Article 50 is invoked and the negotiations shake<br />
down to resolutions. It could go either way. It’s an<br />
opportunity but also a threat.<br />
Who will be most affected and why?<br />
There is a risk that our reputation as a welcoming,<br />
friendly destination could be affected if the negotiations<br />
are protracted and bitter. There is an important PR<br />
role here for the tourism industry, Visit Britain and<br />
the government to take into consideration. If it looks<br />
like we’re taking our ball and walking from the field,<br />
it will have an adverse impact. This is as much about<br />
perception as reality. We also need immigration, and not<br />
just highly-skilled, high earners – the visitor economy<br />
here in East Anglia relies on that.<br />
How will Brexit affect the way British people<br />
holiday?<br />
Again, we can’t be certain. It could be the weather that<br />
is a bigger factor. The trend now is to book shorter and<br />
later, so if the weather is good there’s a chance they’re<br />
likely to stay in Britain. East Anglia is the combined<br />
sunniest-driest region in the country so we’re in a good<br />
position to benefit from that.<br />
How will Brexit affect incoming international<br />
tourism from both inside and outside Europe?<br />
If sterling continues its post-Brexit trajectory, then we<br />
will be attractive to incoming visitors. The Head of<br />
the Metropolitan Police, Sir Bernard Hogan-Howe,<br />
has said it’s a matter of when, not if, there is a terrorist<br />
attack in this country, but as things stand we are a safe<br />
destination. However, crucially, we must also be seen<br />
as welcoming to our overseas friends, particularly from<br />
the Continent. We are leaving the EU, not Europe. The<br />
authorities must crack down on any instances of antiimmigrant<br />
hate crime.<br />
What measures, if any, could be employed to<br />
combat any negative impact?<br />
PR and marketing, definitely. Confidence is everything<br />
in tourism, whether it’s businesses being optimistic<br />
enough about the future to invest in product, or<br />
potential customers wanting an enjoyable, welcoming,<br />
value-for-money experience. The government must talk<br />
up tourism.<br />
Are there any positives to come from this?<br />
There are positives in the short term, in that East Anglia<br />
is seeing more domestic and overseas visitors, but there’s<br />
no guarantee that will continue if negotiations go awry.<br />
If we’re to continue being attractive to overseas visitors<br />
we can’t allow a perception of unfriendliness to develop.<br />
issue <strong>18</strong> | page 20
<strong>IQ</strong> tourism<br />
How will Visit East Anglia be affected by the loss<br />
of the EU tourism budget?<br />
If the government are sensible, they’ll look at the best<br />
bits of EU legislation and retain them, particularly if<br />
they have positively impacted on this region’s largest<br />
industry sector and one of its biggest employers. The<br />
visitor economy is one that can be grown quickly if the<br />
environment is right.<br />
Where do you see the UK tourism industry in<br />
10 years?<br />
It’s too easy for our national character to talk ourselves<br />
into the doldrums. Norfolk alone has seen over £17m<br />
invested in visitor attraction product development<br />
in the last year, much of it weather-proofing, and<br />
that’s helping grow the year-round visitor economy.<br />
That should be the focus. We are open 12 months of the<br />
year, not 12 weeks.<br />
The majority of people do not have their breaks dictated<br />
by school holidays and they can take travel when they<br />
want. We should look for the positives in that. For<br />
instance, wildlife watching in East Anglia is best in the<br />
winter and spring.<br />
Also, growing the year-round visitor economy and<br />
increasing optimism and confidence overcomes the<br />
tropes thrown at tourism - seasonal work can be turned<br />
into full-time work, low wages can be improved and<br />
low skills can be up-skilled. That said, it would also be<br />
helpful if schools could stagger their holidays.<br />
I get supply-and-demand, but it’s taking advantage of<br />
families who have no choice and it doesn’t make parents<br />
think well of us.<br />
What is your advice to SME owners across the<br />
region?<br />
Be confident that Brexit will be a success. The thought<br />
of failure is a self-fulfilling prophecy.<br />
Cambridge is a city that welcomes over<br />
5million visitor trips a year, so how will<br />
Brexit affect this major city? Emma<br />
Thornton, Chief Executive at Visit<br />
Cambridge and Beyond explains more<br />
“A recent survey undertaken by the Tourism Alliance<br />
of its members indicates that it really is too early<br />
to tell how the Brexit vote will affect Cambridge<br />
and the UK Tourism industry. The majority of<br />
respondents in this survey reported no demonstrable<br />
impact to date; that cancellations were not up,<br />
forward bookings remained the same, general<br />
confidence level is positive and the perception was<br />
that investment in the sector remains the same.<br />
“Brexit has created some new opportunities for<br />
Cambridge and the surrounding area. Using the<br />
audience we have on our doorstep to explore our<br />
beautiful city and the surrounding area is something<br />
we’re looking to grow. At Visit Cambridge we’re<br />
continuing to develop and innovate, finding more<br />
unique selling points of our city and the area. We<br />
want to set Cambridge apart from its competitors<br />
and continue to deliver outstanding customer service<br />
to ensure visitors (and their friends and family) come<br />
back time and time again.”<br />
More information<br />
www.visiteastofengland.com<br />
issue <strong>18</strong> | page 21
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<strong>IQ</strong> brexit<br />
Brexit:<br />
Are we facing<br />
an international<br />
M&A smash<br />
and grab?<br />
With Cambridge-based<br />
ARM Holdings’ co-founder<br />
describing its takeover by<br />
SoftBank as a ‘sad day’ for<br />
the British tech industry,<br />
we take a closer look at<br />
whether this could become<br />
an all-too-common case in a<br />
post-Brexit Britain<br />
The British Chancellor, Philip Hammond, stated on his<br />
Twitter feed that this “shows UK has lost none of its<br />
allure to global investors - Britain is open for business,”<br />
while the Chairman of SoftBank, Japan’s second richest<br />
man, Masayoshi Son, said, “We did not need to do this,”<br />
and “It’s my way of showing commitment to the UK.”<br />
Whatever your thoughts on the above, the fact remains<br />
that a market-leading British tech firm was bought by<br />
a Japanese electronics powerhouse (whose Chairman is<br />
one of the world’s most savvy investors) three weeks after<br />
the EU Referendum, when the pound was at the bottom<br />
of a year-long 30% fall against the yen.<br />
Herman Hauser, co-founder of ARM Holdings, told the<br />
Financial Times, “The fall in sterling has made this very<br />
cheap, and while I suspect they were considering it for a<br />
long time, they have acted now because the opportunity<br />
is there.” And it seems he could be right, at least for the<br />
short term, with another three major foreign acquisitions<br />
of British firms taking place just weeks after the Brexit<br />
result. These include the takeover of Odeon Cinemas<br />
by US cinema chain, AMC Theatres; the takeover of<br />
Poundland by South African retailer, Steinhoff; and<br />
Newscorp’s acquisition of Wireless Group (owner of<br />
Talksport). But will Brexit mean a sustained foreign raid<br />
on British business assets, or is this a flash in the pan<br />
reaction to the sterling slump?<br />
Many experts believe that it is merely investors taking<br />
advantage of market conditions, as opposed to a direct<br />
result of Brexit. This view is shared by Piers Prichard<br />
Jones, Partner at legal firm Freshfields Bruckhaus<br />
Deringer, who told the Financial Times, “Strategic deals<br />
that make sense regardless of Brexit may be accelerated<br />
because the current market conditions present<br />
opportunities. A lot of UK companies, particularly those<br />
with significant non-sterling revenue, feel like they should<br />
be reviewing their takeover defence procedures now.”<br />
Uncertainty is the underlying cause of the recent<br />
market turmoil, and consequently the weaker pound,<br />
so, with cheap deals a big temptation, will the lure of<br />
rich rewards persuade any more brave investors to take<br />
a punt, or will unpredictability prove to be the strongest<br />
influencer of international M&A market behaviour?<br />
We’ll just have to wait and see.<br />
issue <strong>18</strong> | page 23
The Northgate Business Centre hosted by The Bury St Edmunds Farmers<br />
Club, is the business hub within the heart of Bury St Edmunds. Bespoke<br />
meeting rooms offer an abundance of character, history and charm.<br />
From small board meetings to large theatre style seminars.<br />
We can offer a dedicated dining experience, anything from a<br />
conference platter to individually priced and prepared menus.<br />
Our Chefs can provide a range of choices to suit all requirements and<br />
tastes. Various business memberships are available.<br />
Contact us for an informal look around our club<br />
01284 750969 | frontofhouse@bsefc.co.uk | www.bsefc.co.uk
Employee Wellbeing<br />
and the EU Referendum<br />
by Jacqui Kemp, of Namasté Culture<br />
<strong>IQ</strong> HR<br />
Business uncertainty has grown following<br />
the EU Referendum; until the negotiations to<br />
withdraw under Article 50 are complete, it is<br />
impossible to know what the impact will be on<br />
employers and employees.<br />
Impact on EU Nationals<br />
On 12th July, the Government announced on its<br />
website that ‘When we do leave the EU, we fully<br />
expect that the legal status of EU nationals living<br />
in the UK, and that of UK nationals in EU<br />
member states, will be properly protected.’<br />
Hopefully, this statement will have helped to<br />
alleviate most of the fears of the 2.1 million EU<br />
nationals working in the UK.<br />
Perceived Job Insecurity<br />
However, research shows that ‘perceived<br />
job insecurity’ has serious effects on<br />
employees and businesses; when job<br />
security is under threat, it can have<br />
a more negative impact on health<br />
and wellbeing than actually losing<br />
one’s job.<br />
This is because when you have<br />
lost your job, you know how to<br />
respond and can take action to<br />
resolve the situation, but when a job is under<br />
threat people feel powerless.<br />
Until withdrawal negotiations are<br />
concluded, a level of uncertainty will<br />
remain in business; some industries will be<br />
harder hit than others with the removal of<br />
EU funding, so people may choose to find<br />
work outside the UK rather than face the<br />
uncertainty of two years of negotiations.<br />
Impact on Business and Personal Health<br />
Dr Tinne Vander Elst, a postdoctoral researcher<br />
in organisational and personnel psychology at the<br />
University of Leuven in Belgium, says “Research<br />
indicates that job insecurity reduces both physical<br />
and mental health, increases burnout, reduces job<br />
satisfaction and decreases work performance.”<br />
The impact this will have on businesses will<br />
be a reduction in productivity, a potential<br />
increase in presenteeism (working when<br />
unwell) and employee turnover, as well as<br />
difficulty recruiting to certain roles due to<br />
a shortage of labour.<br />
What can Businesses do?<br />
In the absence of information from the<br />
top, employees will start to openly<br />
question what is happening; the<br />
rumour mill then takes over and<br />
impacts on productivity.<br />
To counter this, managers need<br />
to communicate openly and<br />
regularly with their people,<br />
reassure their EU migrant<br />
workers, and clamp down on any<br />
bullying or harassment which has<br />
seen an increase in certain regions<br />
since the Referendum.<br />
Even if there is nothing to report,<br />
let people know, otherwise rumours<br />
build, trust in management is broken and<br />
productivity drops.<br />
Namasté Culture provides Employee<br />
Wellbeing programmes and training<br />
in Equality and Diversity.<br />
More Information<br />
For more information call 01954 267640<br />
www.namasteculture.co.uk<br />
issue <strong>18</strong> | page 25
<strong>IQ</strong> newmarket BID<br />
iQ magazine looks at how the<br />
injection of £1.2million will help<br />
to transform Newmarket over the<br />
next five years, through a Business<br />
Improvement District<br />
Newmarket BID:<br />
Planning the next five years<br />
What is a BID?<br />
Business Improvement Districts (BIDs) in the UK have<br />
been operating for over 10 years and there’s now well<br />
over 200 across some of the biggest and smallest towns<br />
and cities throughout the country. BIDs are established<br />
to give businesses control in improving their trading<br />
environment. They are funded by businesses that are<br />
located within a defined geographical area or those<br />
businesses that pay a voluntary fund to be a member.<br />
Newmarket is one of the most recent towns to have<br />
been voted in favour of creating a BID by the town’s<br />
businesses over the next five years, but what does this<br />
mean for Newmarket?<br />
Who will the Newmarket BID benefit?<br />
The Newmarket BID area has the potential to benefit<br />
the whole town, but there are boundaries as to where<br />
the support and investment will be injected.<br />
The BID zone covers a wide geographical area covering<br />
the end of Bury Road towards the Clock Tower, through<br />
the retail heart and up until Falmouth Avenue, where a<br />
potential new retail park will be developed. The zone<br />
covers north of Newmarket, to as far as Rowley Drive,<br />
covering Waitrose and The Watercourse Road. The area<br />
also encompasses the new National Heritage Centre for<br />
Horseracing and Sporting Art to the south-east of town.<br />
Each business within the zone with a rateable value of<br />
£5,000 and over will contribute<br />
to the BID. Businesses that are<br />
either outside the BID zone or<br />
have a ratebale value under<br />
£5,000 can opt-in to be a<br />
voluntary member. This will<br />
entitle them to the majority of<br />
the projects and services offered<br />
by the BID.<br />
issue <strong>18</strong> | page 26
<strong>IQ</strong> newmarket BID<br />
to establish a brand for the town, which will<br />
be recognised by residents and visitors alike,<br />
as the go-to place for all things ‘Newmarket.’<br />
The brand will be supported by a coherent<br />
marketing plan that will integrate a digital<br />
presence with offline awareness opportunities.<br />
The brand will also establish a yearly events<br />
calendar, supporting successful events that<br />
already exist as well as new ones.<br />
How will the investment be spent?<br />
Following a consultation process with businesses in the<br />
area, the next five years of investment will be spent on<br />
delivering these four key areas:<br />
Accessibility<br />
In order to attract new investment in the shape of<br />
visitors, new residents and employers, the perception<br />
and accessibility of the destination is key. Is Newmarket<br />
easy to get to and to explore as a visitor? Is it accessible<br />
to and from Cambridge and London for employees<br />
and businesses? Are there enough parking spaces for<br />
residents to shop and socialise in the town centre?<br />
Newmarket is a well-connected town, but there are<br />
fundamental accessibility points that can be improved.<br />
The BID will work to improve the signage in Newmarket<br />
through online activity and physical maps. Maximising<br />
the car parking space available in the town will also be<br />
investigated with the local authority. The BID will look<br />
to introduce incentives for those visiting the town, to<br />
stay longer and to spend more money with the town’s<br />
businesses.<br />
Marketing, Promotion and Events<br />
Searching for a destination to visit, live, work and study<br />
tends to start online. ‘Things to do in Newmarket’ are<br />
currently promoted by Discover Newmarket, Community<br />
Interest Company (CIC), but<br />
little collaborative marketing<br />
is done to bring people to the<br />
town, to showcase everything<br />
that is on offer.<br />
Disjointed marketing is to be<br />
a thing of the past, under the<br />
Newmarket BID. The BID will<br />
work with existing organisations<br />
A Warm Welcome<br />
Once a visitor, resident or potential business investor<br />
has finished searching online about a place and made<br />
their way to the destination, they want to arrive and be<br />
welcomed to a town that’s clean, safe and will provide<br />
them with a pleasant experience.<br />
The Newmarket BID will employ a Town Ranger that<br />
will provide a welcoming and reassuring presence for<br />
those in the town. They will be the eyes and ears of<br />
Newmarket, helping visitors to get around and assisting<br />
businesses with concerns and issues they may have.<br />
Business Support<br />
The Newmarket Business Improvement District is<br />
funded by businesses and run by businesses. Therefore, a<br />
business support function will be established, connecting<br />
the business community and delivering initiatives that<br />
will benefit the town and the businesses within it.<br />
The five-year vision<br />
At the end of the Newmarket Business Improvement<br />
District’s five-year term, £1.2million would have been<br />
invested in the town. This investment injection will<br />
promote Newmarket to a wider audience, competing<br />
with other towns and cities across the region and the<br />
UK. It will help Newmarket to be a place that residents<br />
want to talk about as a great place to live. A place that<br />
visitors want to stay for a night, a weekend or more. A<br />
place where businesses want to do and make business.<br />
Newmarket BID is being put in place to shout about<br />
its growing offer - its heritage, attractions of national<br />
significance, hotels, independent shopping streets and, its<br />
increasing business offer.<br />
More information<br />
www.newmarketbid.com<br />
issue <strong>18</strong> | page 27
<strong>IQ</strong> profile<br />
Suffolk’s Newest and<br />
Most Impressive Attraction<br />
The National<br />
Heritage Centre<br />
for Horseracing<br />
and Sporting Art is<br />
opening its doors<br />
in the heart of<br />
Newmarket this<br />
autumn, but what will<br />
the new site offer and<br />
how will it benefit our<br />
region?<br />
350 Years of History<br />
Newmarket has been at the heart<br />
of horseracing for 350 years and<br />
until now, the industry has all<br />
happened behind closed doors.<br />
With the exception of the horses<br />
on the Gallops in the morning, the<br />
industry is one that very few people<br />
have been able to explore, but this is<br />
all about to change with the opening<br />
of Suffolk’s biggest attraction.<br />
The site of the National Heritage<br />
Centre for Horseracing and<br />
Sporting Art spans five acres in<br />
the heart of Newmarket and is<br />
built on the land that Charles II<br />
once occupied. Palace House was<br />
originally built as a sporting palace<br />
for King Charles II, a monarch<br />
whose passion and pioneering<br />
ideas for racing and breeding is still<br />
enriched in the sport 350 years on.<br />
In <strong>18</strong>57 the Rothschild family<br />
acquired Palace House with the<br />
accompanying racing yard, making a<br />
number of improvements, including<br />
the creation of an additional yard.<br />
Under the Rothschild’s ownership,<br />
four Derby winners were trained<br />
from Palace House Stables,<br />
including ‘Macaroni’ trained by<br />
James Godding in <strong>18</strong>63, ‘Kisber’<br />
trained by Joseph Hayhoe in <strong>18</strong>76,<br />
‘Sir Bevys’ and ‘St Amant’ both<br />
trained by Alfred Hayhoe in 1904.<br />
The last trainer to occupy the Palace<br />
House Stables from 1965-1985 was<br />
the legendary Bruce Hobbs, who<br />
made history by winning the Grand<br />
National himself in 1938, at the age<br />
of just 17.<br />
3 Major Attractions<br />
The National Heritage Centre will<br />
comprise of three attractions in<br />
one. The first ever National Gallery<br />
of British Sporting Art will display<br />
the finest collection of sporting<br />
art, from field sports to popular,<br />
more modern pastimes. The Fred<br />
Packard Galleries will be located in<br />
Palace House and will feature works<br />
from Tate Britain and the V&A, as<br />
well as a number of other private<br />
and public collections.<br />
The new National Horseracing<br />
Museum will hold an internationally<br />
significant collection. The museum<br />
will tell the story of the ‘sport of<br />
kings’ from its origins to the present<br />
day, with a specific focus on the<br />
science behind the evolution of<br />
the thoroughbred. The museum<br />
will tell the story of flat and jump<br />
racing including everything from<br />
works of art to the silks worn by<br />
famous jockeys. It will use the latest<br />
technology to bring the exhibits<br />
to life, creating an exciting and<br />
interactive journey for visitors to<br />
follow.<br />
The final and most exciting part of<br />
the Heritage Centre will be a live<br />
horse experience in the new home<br />
for the Retraining of Racehorses<br />
Charity. Visitors will be able to<br />
meet former racehorses and watch<br />
demonstrations by them twice a day<br />
to showcase what these magnificent<br />
athletes go on to do after racing.<br />
As well as the three major<br />
exhibition spaces, there will be an<br />
education centre for school visits<br />
issue <strong>18</strong> | page 28
<strong>IQ</strong> profile<br />
More information<br />
Palace House, Palace Street,<br />
Newmarket, Suffolk CB8 8EP<br />
01638 667333<br />
www.palacehousenewmarket.co.uk<br />
and two state-of-the-art temporary<br />
exhibition spaces that will host a<br />
lively programme of collections<br />
throughout the year. The first<br />
temporary exhibition will explore<br />
the development of Tattersalls<br />
from a horse, carriage and hound<br />
auctioneer in the <strong>18</strong>th century<br />
to one of the world’s leading<br />
bloodstock auction houses.<br />
60,000 Visitors a Year<br />
Every year Newmarket welcomes<br />
millions of visitors to the town<br />
to explore its current attractions<br />
that include Tattersalls, the two<br />
Racecourses, the Jockey Club<br />
Rooms and the National Stud,<br />
to name a few. The Museum is<br />
expected to bring an estimated<br />
50,000 - 60,000 visitors a year to<br />
the town, five times more visitors<br />
than the current Museum attracts.<br />
The centre is to be a world-class<br />
venue, not only providing regional<br />
visitors with a new attraction, but<br />
also attracting racing enthusiasts<br />
on an international scale.<br />
Discover Newmarket is the central<br />
point for Tourist Information in the<br />
town and they will be continuing<br />
their tours to include the<br />
National Centre. The<br />
organisation will be looking<br />
to encourage weekend and weeklong<br />
trips to the area through<br />
marketing activity, to ultimately<br />
increase the spend of visitors<br />
in Newmarket. With the current<br />
economic contribution from visitors<br />
at £9million, the Centre is expected<br />
to help increase this significantly.<br />
From 17th to 21st Century<br />
The Fred Packard Galleries in<br />
Palace House will house the finest<br />
national hang of British Sporting<br />
Art. Three floors of artwork from<br />
famous artists such as George<br />
Stubbs through to Peter Blake<br />
demonstrate sport in art from the<br />
17th to the 21st century. Loans<br />
have come in from all around the<br />
country from private and public<br />
collections including the Tate and<br />
Victoria & Albert Museum and<br />
it will become the permanent<br />
home to the British Sporting Art<br />
Trust. Chris Garibaldi, director<br />
of the Horse Racing Museum<br />
said, “Through collections in the<br />
National Horseracing Museum<br />
and the Fred Packard Galleries, the<br />
National Heritage Centre showcases<br />
the role that Newmarket has played<br />
in the development of horseracing.<br />
It could not be more fitting that<br />
this is housed in the remains of the<br />
Palace that Charles II had built to<br />
enjoy the town and the sport in the<br />
1660s. The Rothschild Yard will<br />
bring everything to life with live<br />
exhibits - the heroes of the sport,<br />
the racehorse!”<br />
The National Heritage Centre<br />
opening will see the result of over<br />
10 years of meticulous planning,<br />
fundraising and construction<br />
come to fruition. It will be a<br />
world-class tourist destination that<br />
has transformed the centre of<br />
Newmarket providing a cultural<br />
quarter for the town. It will be a<br />
national resource for the whole<br />
of the community and we’re<br />
extremely excited to share this with<br />
Newmarket, East Anglia and the<br />
rest of the world.<br />
issue <strong>18</strong> | page 29
<strong>IQ</strong> profile<br />
seven years on:<br />
The arc Shopping Centre<br />
iQ magazine goes back in time to<br />
discover how the growth of the arc<br />
Shopping Centre has gone from being<br />
feared to being loved by the businesses<br />
and residents of Bury St Edmunds<br />
The arc Shopping Centre opened in March 2009 to<br />
heavy criticism from businesses in the town, in particular<br />
from independent retailers.<br />
2009 was a difficult year for many small businesses in the<br />
Suffolk town. First came the recession and then came<br />
the arc, a centre boasting some of the country’s top high<br />
street chains. This caused anger and worry throughout<br />
the independent business community.<br />
Bury St Edmunds received negative national coverage<br />
on the ‘double whammy’ hit for businesses in 2009.<br />
The link between the ‘old’ Bury St Edmunds and the<br />
‘new’ Bury St Edmunds, in the shape of the Shopping<br />
Centre, was heavily criticised, as well as the addition of<br />
chain stores that were huge competition for some of the<br />
independent businesses in the town.<br />
Moving on seven years, the arc Shopping Centre has<br />
established itself as the heart of Bury St Edmunds,<br />
which supports independent businesses and the town’s<br />
community. But how has the arc Shopping Centre been<br />
so successful in transforming this Suffolk town?<br />
Collaboration<br />
Organisations such as Ourburystedmunds, the Business<br />
Improvement District for the town, St Edmundsbury<br />
Borough Council and the Bury St Edmunds Chamber<br />
of Commerce, have their own priorities for growing<br />
and developing the town for their members. However,<br />
all these objectives are pulling together in the same<br />
direction, leading to a more prosperous and thriving<br />
town centre. There is an agreement about a clear vision<br />
for the future of Bury town centre, and the arc Shopping<br />
Centre has always been a part of this vision.<br />
Colin Roberts, the centre manager of the arc Shopping<br />
Centre, is a key spokesman across the town. A Director<br />
for Ourburystedmunds, sitting on the organisation’s<br />
Board, he regularly attends council meetings to work<br />
and assist with the development of the town centre,<br />
the shops, the food and drink sector and the tourist<br />
attractions. Therefore, Colin gets involved in town-wide<br />
initiatives that not only benefit the Shopping Centre, but<br />
other businesses too. As he explained, “Bury St Edmunds<br />
is flourishing and thriving because organisations such as<br />
the Council, Ourburystedmunds and other stakeholders,<br />
including independent businesses, work very closely<br />
together to promote all that the town has to offer. We<br />
all ‘sing from the same hymn sheet’, so to speak!”<br />
Economic Uplift<br />
When the arc Shopping Centre received the go ahead, a<br />
lot of the criticism focused on the new high street chains<br />
damaging the growth of the independent shopping<br />
scene. But in fact, the centre helped the town to grow.<br />
issue <strong>18</strong> | page 30
<strong>IQ</strong> profile<br />
More information<br />
arc Shopping Centre, 14 Prospect Row<br />
Bury St Edmunds, Suffolk, IP33 3DG<br />
01284 706037<br />
www.arc-burystedmunds.com<br />
The arc brought with it huge<br />
economic benefits. It created<br />
new jobs, developed a thriving<br />
public space as well as a fantastic<br />
entertainment centre, and, most<br />
importantly, it brought in new<br />
visitors. In fact, footfall in the arc Shopping Centre<br />
reached over 1 million people last Christmas, due to<br />
the ice rink and Coca-Cola truck. This benefited the<br />
Christmas trading period for all businesses in the town,<br />
not just those in the arc.<br />
Diversification<br />
The arc Shopping Centre is a commercial space, so<br />
property agent Jones Lang LaSalle needed to fill it<br />
quickly. However, for the arc Shopping Centre, it’s not<br />
just about full occupancy, it’s about bringing a diverse<br />
range of shops, restaurants and attractions to the town.<br />
The arc has not only allowed stores such as Next,<br />
Topshop and Topman to expand, but it has also<br />
welcomed restaurant chains Wagamama, Carluccio’s<br />
and Byron Burger, as well as stores Joules and Pandora,<br />
to open their very first Suffolk premises.<br />
“Many of the businesses that now exist in the arc would<br />
not have considered coming to the town before it was<br />
built. This is because there was a lack of suitable units<br />
available in the town at the time. There is no doubt that<br />
the arc has helped to stop the leakage of many local<br />
people from travelling to competitor towns, which in<br />
turn, has helped all businesses.<br />
“In fact, now the arc is fully let, other businesses are<br />
turning to other locations, such as Abbeygate Street and<br />
St Johns Street, to grow their businesses. This is great<br />
news for a growing town,” continued Colin.<br />
This diversification of businesses has resulted in a<br />
vacancy rate that is 6% lower than the national average.<br />
Also, 57% of all businesses in the town are now<br />
independent, compared to the national average of 41%.<br />
issue <strong>18</strong> | page 31
Inspiring<br />
Colleagues<br />
and Delegates<br />
Studies have shown that it is four<br />
to six times harder to sell to a new<br />
customer than to an existing one.<br />
Organising a corporate event can<br />
go a long way to inspiring potential<br />
clients to work with you<br />
<strong>IQ</strong> corporate events<br />
Investing time and resource to entertaining clients can<br />
strengthen your bottom line, it improves your connections<br />
and offers opportunities for growth within your business.<br />
It also offers the chance for your colleagues to enjoy time<br />
out of the office, to connect with different people and<br />
businesses, and act as ambassadors to demonstrate your<br />
business’ commitment to delivering unique services. But<br />
how can you create a corporate event with a difference;<br />
inspire colleagues, create captivating experiences and<br />
keep attendees engaged and entertained?<br />
Corporate experiences<br />
Scudamore’s offer a varied selection of activities for<br />
corporate events. Conference tours can host up to 300<br />
delegates and give you the opportunity to charm and<br />
captivate your audience for a couple of hours, or a<br />
whole day.<br />
You can add a touch of luxury to your private business<br />
tour with a bottle of chilled champagne or opt for a<br />
luxurious Afternoon Tea on the lawns of the Doubletree<br />
by Hilton Cambridge - it’s the perfect way to impress<br />
potential customers.<br />
Compelling surroundings<br />
Scudamores Punting packages can take you along the<br />
famous College Backs or upstream towards the beautiful<br />
village of Grantchester. You will be at the heart of the<br />
world-class centre for education, where your delegates<br />
can learn about the city’s history and how the University<br />
and businesses continue to innovate across the world.<br />
activities for teams include expeditions and Treasure<br />
Hunt tours where teams of 4 - 5 people tackle clues and<br />
quizzes on and off the river to finish ahead of colleagues<br />
and win a much-deserved prize.<br />
Employee rewards<br />
Good business ethics are designed around rewarding<br />
employees when they truly deserve it. And for that<br />
reason, Scudamores have designed an Annual Corporate<br />
Ticket, where companies can offer employees tickets<br />
to punt along the river on a daily basis. Whether the<br />
punts are used during lunch hours, for special occasions<br />
or during the weekends and evenings, it’s an affordable<br />
opportunity for businesses to reward staff.<br />
You’re all in the same boat<br />
The team at Scudamores also organise team-building<br />
exercises to improve productivity and motivation,<br />
increase morale and help businesses to thrive. Punting<br />
More information<br />
www.scudamores.com<br />
01223 359750<br />
enquiries@scudamores.com<br />
issue <strong>18</strong> | page 33
<strong>IQ</strong> advice<br />
communications:<br />
agency vs in-house<br />
Elyssa Fagan, PR and Marketing Manager at Cubiqdesign answers the<br />
age-old question: pool resource in-house, or appoint an agency?<br />
When looking at your marketing and PR resource, a<br />
business has a number of questions to answer, and a<br />
number of choices to consider. Will it make sense to hire<br />
a person or team, with specific experience relevant to<br />
your company, to look after communications, from both<br />
an internal and external perspective?<br />
Or, do you look at appointing an agency, with a wealth of<br />
experience across your (and other) industries, which can<br />
help facilitate a number of integrated communication<br />
tools? Sorry to tell you, but, there is no one-size-fits-all<br />
package with PR and marketing communications. What<br />
works for one business, may not wholly translate to<br />
another, so thought must be placed into what objectives<br />
your business is trying to achieve, the results you wish to<br />
see, and how quickly you wish to see them.<br />
Let’s look at the key differentials.<br />
Hiring an in-house marketing and communications<br />
team gives you access to a person who is experienced,<br />
normally in one industry, which would mirror that of<br />
your business. They may have varying skill sets but will<br />
know the length and breadth of their chosen sector –<br />
and will want to grow your business from within. They<br />
bring with them internal communication focus, and are<br />
part of your team from the beginning, having access to<br />
company information, values and access to high level<br />
personnel when required.<br />
Agencies bring with them a number of resources:<br />
numbers, creativity, expertise across various industries,<br />
extended output, integrated services that stem a wide<br />
variety of communication channels, not normally just<br />
one, and valuable contacts. Hiring an agency will give<br />
you access to a number of their employees, and their<br />
creativity as well as knowledge – across varying skill sets<br />
issue <strong>18</strong> | page 34
<strong>IQ</strong> advice<br />
and career stages - all there for you. An agency has their<br />
finger on the pulse, mixed with longstanding expertise in<br />
communications, giving your business the extra support<br />
it requires in both traditional and more digitally led<br />
means.<br />
An in-house specialist can help redefine brand values,<br />
but may struggle to be as impartial as an agency, who<br />
can sit outside of a company and consult from a third<br />
party perspective.<br />
However, what needs to be considered if you choose to<br />
appoint an agency is that an agency is only as strong,<br />
and successful as the person controlling and leading<br />
them from within your business. If the agency cannot<br />
become a true partner to you, have access to information<br />
and key people to gain information from; if they cannot<br />
become an external resource to your team – and instead<br />
remain at arms length, without being trusted, they<br />
cannot thrive, or deliver.<br />
An agency needs someone internally within your<br />
business who understands communications and the<br />
importance of them, and for that person to be able<br />
to share information in a relatively timely manner, so<br />
that they can ensure they’re providing the best possible<br />
service to your company. An agency can be creative, but<br />
to really add personalisation and ensure the company<br />
they represent is being promoted effectively, they need to<br />
have support, buy-in and assets from within.<br />
The same can be said for in-house teams. Instead of the<br />
potential lack information, often a PR and marketing<br />
team is thrust in various different directions, or asked to<br />
complete tasks or skills that are outside of their remit, to<br />
bring in new campaigns, ventures or challenges. They<br />
then run the risk of being pulled in too many directions,<br />
or not having the time to truly apply this to their areas<br />
of expertise, or learn new skills to bolster the company.<br />
That’s where my personal opinion comes to the fore.<br />
Personally, I believe that the best solution often lies<br />
with a business looking to diversify its communications<br />
efforts, with a mix of both in-house and agency support.<br />
This way the in-house team can focus on their internal<br />
tasks, as well as ensure an agency is working to the best<br />
of its ability. It also ensures that the agency has a key<br />
contact within your business that understands their<br />
communication practices and what they’re doing, as<br />
well as provide information so they can complete their<br />
role and deliver results. I feel that there shouldn’t be a<br />
constant question over which is better, but a joined-up,<br />
concerted effort, where a business chooses the correct<br />
support for their objectives, and sometimes, this requires<br />
help from both in-house and agency experts, who each<br />
bring their own expertise and skills to the table.<br />
More Information<br />
To find out how Cubiqdesign can work with you to fulfil your<br />
business’ specific communication objectives, please get in<br />
touch: www.cubiqdesign.co.uk 01638 666432<br />
issue <strong>18</strong> | page 35
<strong>IQ</strong> product<br />
Getting Cosy<br />
Elyssa Fagan looks at Green Energy Options (geo)’s smart<br />
thermostat, Cosy and how it intends to create a hybrid home<br />
Technology is always advancing, changing and adapting,<br />
and with this shift in tech, we’re seeing new gadgets<br />
and systems that aim to help make our lives easier and<br />
more comfortable, whilst conserving energy and saving<br />
precious pennies.<br />
A connected home is a home that is automated around<br />
your movements, and predicts your needs in terms of<br />
heating, lighting and security. Products centred on the<br />
connected homes market are set to skyrocket, with pwc<br />
predicting a 35% increase in market share by 2020.<br />
We are already seeing a number of automated systems<br />
available at present, and early adopters are going for<br />
something that helps to provide comfort and, in the<br />
long-term, monetary benefits: the smart thermostat.<br />
One such product is Cosy, is a wireless home heating<br />
system from geo, an industry-leading Cambridge-based<br />
business, specialising in the home energy sector. The<br />
company’s vision is to create understandable, smarter<br />
energy technologies for users that reduce costs, but<br />
increase comfort, through a new ‘Hybrid Home’.<br />
Director, Simon Anderson explains their concept, “A<br />
Hybrid Home combines modern and traditional ways<br />
of powering a home to give lower running costs and a<br />
better living experience.<br />
“Our technology will work in the background, taking the<br />
problem away from the users, bringing together heating<br />
controls, energy storage, solar generation, smart meters<br />
and electric vehicle charging, under one roof.<br />
“A new Hybrid Home will cost a third less to run, and<br />
if it has solar panels, up to two thirds less to run than an<br />
issue <strong>18</strong> | page 36
<strong>IQ</strong> product<br />
equivalent standard home.”<br />
Cosy’s smart thermostat has user convenience at its<br />
core, with the system designed to create a connected<br />
service that translates across the entire home, rather<br />
than simply a heating controller.<br />
However when<br />
“Our technology<br />
will work in the<br />
background, taking<br />
the problem away<br />
from the users,<br />
bringing together<br />
heating controls,<br />
energy storage, solar<br />
generation, smart<br />
meters and electric<br />
vehicle charging,<br />
under one roof.”<br />
starting out, the<br />
business faced<br />
barriers, the biggest<br />
being that they had<br />
to look to integrate<br />
their product with<br />
a wide range of<br />
heating systems in the<br />
UK. Simon states,<br />
“we overcame this<br />
challenge by carrying<br />
out a major trial of<br />
1,000 homes, testing<br />
out alternatives.<br />
The result was Cosy,<br />
a system that can<br />
work with pretty well all types of heating systems, that<br />
installers consider the easiest to fit and appeals to those<br />
who don’t want to be wedded to their mobile phones all<br />
the time.”<br />
As Simon mentions, the Cosy display is mobile, which<br />
means that a user can take the unit around the home<br />
with them and boost the heating in one specific room,<br />
making them ‘cosy’ where they are at that point in<br />
time, something Cosy competitors can’t boast.<br />
Adding to this connectivity are smart plugs, which<br />
can be automated at the touch of a button. In the<br />
world of the connected home, this could be key.<br />
If you’re away on holiday, deter potential security<br />
threats with timed lighting, or if you’re going to<br />
be home late from work, ensure the heating, hot<br />
water and lights are on and waiting for you the<br />
moment you get in.<br />
Cosy’s current system is definitely only the beginning,<br />
Simon states that this winter there will be integrated<br />
notifications and energy reports, and this product will,<br />
in the future, link to smart meters. The future for homes<br />
looks very Cosy indeed.<br />
More information<br />
www.geotogether.com<br />
issue <strong>18</strong> | page 37
<strong>IQ</strong> advice<br />
Content<br />
Elyssa Fagan, PR and<br />
Marketing Manager at<br />
Cubiqdesign looks at the<br />
continual rise of content<br />
marketing, and why you should<br />
be getting stuck in<br />
Utilising content as a sales tool has been a<br />
strategy used for decades, (way back to the<br />
days of the printing press!), but it seems<br />
that lately all anyone can talk about, in<br />
communications-led circles at least, is the<br />
importance of content, content, content.<br />
Content creation from brands is growing at an alarming<br />
rate, as research by the Content Marketing Institute<br />
has identified, 9 out of 10 UK marketers are doing<br />
something around content marketing this year. This has<br />
actually risen from 2015, where content usage was at<br />
85%, to 89%. So what about content is so important?<br />
Well, we’ve been exposed to and digesting content for<br />
hundreds and hundreds of years. We now know when<br />
we’re being sold to, often pulling away from this process,<br />
which can be a bit of a nightmare for a communications<br />
professional. This is why intelligently devised content,<br />
alongside a fully integrated marketing strategy has<br />
become such a strong area of focus for companies<br />
wishing to grow their audience interaction, as well as<br />
develop a longstanding, loyal customer base.<br />
Content, in the form of (to name but a few) blogs,<br />
video, graphics, audio, infographics, web pages, public<br />
speaking, presentations, apps and books are on the<br />
rise. This content is all being developed with two key<br />
elements of a buyer’s cycle in mind. One, awareness<br />
of your product, business or personality and two, the<br />
research stage of a customer’s process, where they have<br />
been made aware of a solution to their need, and now<br />
they want as much information as possible at hand so<br />
they can make an informed decision to then consider<br />
and purchase.<br />
The aim of developing this easily shareable content,<br />
which might sound obvious, is to ensure that what you’re<br />
issue <strong>18</strong> | page 38
<strong>IQ</strong> advice<br />
creating actually adds value to the consumer digesting<br />
it. If you’re delivering something new, or something<br />
that adds a new angle, opportunity, information or<br />
insight to a consumer who is genuinely interested in<br />
your offering, without constantly selling your product or<br />
company, which then lead them onto a new element<br />
of content, or drives them to engage, then you’re slowly<br />
and methodically pulling them through your marketing<br />
funnel, to achieve your desired goal.<br />
The other two main areas you need to take into<br />
consideration with content marketing is that:<br />
a) Content might be king, but it definitely needs help<br />
from its entire support staff. You cannot simply create<br />
content and let it be, you need to nurture and drive your<br />
audience to that content, and then use the content to<br />
continue their journey. So you could direct traffic, using<br />
creative content on social media to drive users to a blog<br />
on your site and then on to a landing page. Alternatively,<br />
you could use a variety of content, blog posts, video,<br />
and audio to all link towards, in an informative, and<br />
subtle approach, the products a company is selling.<br />
b) Less is more. Trying to reach your target audience<br />
with great, relevant and consistent content on one<br />
platform, rather than trying to tackle multiple channels<br />
at one time. Test tactics to reach your audience, and not<br />
just for a week, but over longer term periods, so you can<br />
actually assess the results and measure the feedback.<br />
They key/issue with this, in terms of content creation, is<br />
doing this correctly, doing this with a plan and purpose,<br />
and understanding that a content marketing plan is not a<br />
campaign, and this is where many companies, marketers<br />
and agencies are actually getting it wrong. This process<br />
is a long-term strategy, which needs to be assessed<br />
along the way, tested, trialled and perfected to achieve<br />
objectives which should have been outlined before any<br />
content has been activated.<br />
So content marketing is for those businesses that want<br />
to create a long-term asset, and grow and grow its<br />
revenue once they have an audience that is engaged<br />
and interested in the business. If you’re thinking about<br />
utilising content marketing for your company, after<br />
seeing some amazing examples of it recently (hello, The<br />
LEGO Movie!) you first need to ask yourself, what is the<br />
end goal? There’s no point in trying to get in on the<br />
party and create content if you don’t have an actual end<br />
result in mind. Once you’ve come to this, then you can<br />
build your content around that key goal, in a strategic,<br />
thought-out manner, which might just take months or<br />
years, but will lead to long-term repeat purchase from<br />
your audience.<br />
More Information<br />
To find out how Cubiqdesign can help create an effective and<br />
engaging content marketing plan, please contact us:<br />
www.cubiqdesign.co.uk 01638 666432<br />
issue <strong>18</strong> | page 39
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www.cambridgequymill.co.uk
<strong>IQ</strong> profile<br />
Gemma Treby speaks to the owners of<br />
Newprint about their management buyout<br />
and the importance of re-investment<br />
re-investment is key<br />
Newprint, based within the<br />
industrial area of Newmarket<br />
is an independently-owned<br />
printers that specialises in<br />
business-to-business printing<br />
services. Owners of the<br />
company Paul Howe and David<br />
Prior have established a varied<br />
portfolio of clients throughout<br />
Cambridgeshire and Suffolk<br />
from one-man businesses to<br />
multi-national organisations.<br />
Paul and David’s story is<br />
inspiring, having worked for<br />
Newprint collectively for over<br />
20 years, they chose to purchase<br />
the company as a management<br />
buyout three years ago. “Since<br />
then our client base has<br />
increased considerably with<br />
significant year-on-year growth<br />
reported.” Says Paul. “We have<br />
concentrated on re-investment<br />
and have ensured we have the<br />
most up-to-date machinery<br />
and processes which allows<br />
a quicker and more reliable<br />
turnaround” he continues.<br />
Re-investing has also allowed<br />
Newprint to offer more<br />
services, most recently display<br />
banners can now be printed<br />
competitively in house<br />
alongside large-format prints<br />
up to A0. As the business caters<br />
for both high-volume and<br />
specialty work such as exclusive<br />
brochures and presentations,<br />
the team thought it best to<br />
invest in a perfect binding<br />
machine. Once again this<br />
negates the need to outsource<br />
finishing, making the process<br />
quicker, more cost effective and<br />
better managed. Probing Paul<br />
more into what he puts their<br />
success down to he says, “it’s<br />
offering customers what they<br />
want, a simple model, really!<br />
Clients, whatever their business<br />
want a personal service where<br />
things are delivered on time, to<br />
the standard they expect and at<br />
a competitive price”.<br />
“Since then our client base has increased<br />
considerably with significant year-on-year<br />
growth reported”<br />
More Information<br />
Newprint, Goodwin Business Park,<br />
Willie Snaith Road, Newmarket, Suffolk<br />
01638 600900<br />
www.newprint.co.uk<br />
issue <strong>18</strong> | page 41
<strong>IQ</strong> advice<br />
Why business development<br />
might not be developing<br />
your business<br />
James Pinchbeck<br />
Marketing Partner<br />
Streets Chartered<br />
Accountants<br />
issue <strong>18</strong> | page 42
<strong>IQ</strong> advice<br />
There seems to be a growing trend to recruit Business<br />
Development people; whilst previously such roles were<br />
more typical of the larger business or corporate entity,<br />
more and more small enterprises are looking to fulfil<br />
such vacancies.<br />
It does seem though, that the success of such roles<br />
is varied to say the least, often with appointments<br />
being short-lived, the result of expectations not being<br />
met or results not being delivered. The impact on an<br />
organisation can be costly in terms of loss of time and<br />
money.<br />
What then can be done to improve the success of your<br />
organisation’s Business Development and the role of a<br />
Business Development person?<br />
Perhaps the starting point is having a clear appreciation<br />
as to what Business Development means strategically,<br />
and then what is required of or by a person<br />
undertaking that role.<br />
In essence Business Development is the strategic<br />
process whereby an organisation is looking at growth<br />
opportunities to expand their business activities, with<br />
opportunities being assessed for their viability in terms<br />
of the organisation’s overall objectives, resources,<br />
capabilities and capacities.<br />
Once such opportunities have been assessed and a<br />
number shortlisted for development, then the next<br />
stage is to develop a plan or campaign to exploit the<br />
opportunity. The task of implementing the plan<br />
and realising the opportunities is invariably one<br />
of an Account Manager, Salesperson or Business<br />
Development person, the role of that individual being<br />
to take the product or service and to engage with target<br />
customers, generating revenue for the business.<br />
Given this logical process and clear indication as to<br />
the roles of those in the organisation around business<br />
development, where does it go wrong? There are a<br />
number of reasons, which include:<br />
1. The Board or Senior Management team’s<br />
inability to assess and evaluate business<br />
opportunities, with little time, resource or depth<br />
given to the process.<br />
In some cases, there is even no due process; in fact,<br />
the idea is a whim or knee-jerk reaction with no<br />
commercial thought process. The outcome is a poor<br />
and often unrealistic assessment of the opportunity.<br />
2. Given a failure to assess the opportunity,<br />
then all too often the plan to realise the same is<br />
typically set to fail too.<br />
In many cases, such plans lack detail and depth with<br />
little or no detail on how sales are to be generated<br />
together with a lack of detail given to the target<br />
market, sales forecasts, marketing activities, timescales<br />
and costs.<br />
3. Given the first two points, the person charged<br />
with generating the orders is set to fail or fall<br />
short of expectations, even if they are good at<br />
the job or the right person for the job.<br />
As with any appointment, successful recruitment<br />
starts with a clear understanding of the role to be<br />
fulfilled, along with the skills, expertise and experience<br />
required. Certainly a proven track record is a minimum<br />
requirement in appointing a Business Development<br />
person.<br />
4. The ability of any Business Development<br />
person to deliver their skill set and track<br />
record aside, is then often dependent upon<br />
clear and defined management outcomes and<br />
management process.<br />
Not untypically, such failure to deliver is the result of<br />
role ambiguity/uncertainty, lack of targets and poor or<br />
no supervision. Such a situation is often compounded<br />
by a lack of a robust eco-system and the overall<br />
business approach to the role of Business Development,<br />
with poor integration of marketing, production, service<br />
delivery, business process and customer fulfilment.<br />
In summary, the appointment of a Business<br />
Development person, even if they’re good, is not<br />
necessarily going to develop your business without a<br />
detailed plan for the development of the business. In<br />
essence the two areas are inextricably linked.<br />
More information<br />
James Pinchbeck, is Marketing Partner with Streets<br />
Chartered Accountants a top 40 UK accountancy firm.<br />
Email info@streetsweb.co.uk or visit<br />
www.streetsweb.co.uk<br />
issue <strong>18</strong> | page 43
Secured Growth<br />
<strong>IQ</strong> profile<br />
Klöeber is a bespoke glazing company renowned<br />
for its product security. 2016 not only marks its<br />
10th anniversary, but is also a landmark year in<br />
the company’s constant expansion. iQ has been<br />
finding out more<br />
Since 2006, when Klöeber first burst onto the scene at<br />
the Grand Designs Exhibition, the company has gone<br />
from strength to strength. Its humble beginnings on a<br />
small stand at the Birmingham show all those years ago<br />
seem like a distant memory, as it is now a market leader,<br />
with a list of clients that would be the envy of most in<br />
the industry.<br />
Initially offering a range of modern timber bespoke<br />
glazing solutions, the company has since expanded to<br />
offer a wide range of windows, doors and roof lights in<br />
timber, aluminium and composite materials.<br />
Not only have Klöeber’s<br />
This is testament<br />
to the products’<br />
effectiveness in<br />
preventing or<br />
reducing crime.<br />
award-winning products<br />
featured on TV shows<br />
such as Grand Designs,<br />
DIY SOS and George<br />
Clarke’s Amazing Spaces,<br />
its timber bi-folding doors<br />
were the first in the UK to<br />
successfully achieve ‘Secured by Design’ membership.<br />
This is testament to the products’ effectiveness in<br />
preventing or reducing crime.<br />
Now, a decade on, Klöeber is celebrating its 10th<br />
anniversary in style, with the unveiling of its brand new<br />
showroom and head office in Huntingdon, and few could<br />
be more excited than Sales Director and Co-Owner,<br />
Matt Higgs. “This 10th year comes at an incredibly<br />
buoyant time for us, wherein we’re looking at expanding<br />
and improving in every possible way,” says Matt. “We’re<br />
so proud of what has been achieved over the past 10<br />
years, where we’ve seen growth in turnover as well as<br />
within our profile and reputation in the marketplace.”<br />
This continued expansion has led to a year-on-year<br />
growth in profit, and an increase in staff and output,<br />
which has meant that, inevitably, Klöeber has outgrown<br />
its old premises. “The larger space will enable us<br />
to deliver our growth plan,” continues Matt. “The<br />
opportunities for recruitment and expansion are now<br />
increased and we intend to take full advantage of this.<br />
Guiding Kloeber on its successful path and seeing our<br />
business expand and improve organically every year<br />
is extremely rewarding. Our 10th year is a landmark<br />
anniversary, and compels us to look back at what’s been<br />
achieved as well as to look further into the company’s<br />
long-term future.<br />
“The exciting thing for me personally is that I know<br />
Klöeber is still nowhere near to fulfilling its potential -<br />
new products, new customers and exciting projects are<br />
always just around the corner, meaning that anything is<br />
possible for the next decade and beyond!”<br />
More Information<br />
Klöeber, St Margaret’s Way, Stukeley Meadows<br />
Industrial Estate, Huntingdon, PE29 6EU<br />
01487 740044<br />
www.kloeber.co.uk<br />
issue <strong>18</strong> | page 45
<strong>IQ</strong> industry insight<br />
TAKING CARE<br />
The flexibility and convenience of car and van transport<br />
remains fundamental to the successful running of the<br />
majority of UK SMEs. From meeting customers<br />
to moving goods around the country, they are the<br />
preferred choice for businesses that value ease of use<br />
and reliability, according to new research commissioned<br />
by Lex Autolease and carried out by YouGov.<br />
49% of SMEs depend on<br />
vehicles, saying they’re important<br />
to running their companies<br />
We asked more than a thousand SMEs from across the<br />
UK how they used company vehicles, how they viewed<br />
the UK’s public transport network and what they<br />
believed the impact on their business would be,<br />
should they be forced to go without<br />
their cars and vans.<br />
We found that vehicles are<br />
crucial for a high proportion<br />
of companies, with almost half<br />
(49%) saying private transport<br />
is important to running their<br />
businesses and over a quarter<br />
(29%) saying they could not<br />
operate without it.<br />
This reliance on leased or owned<br />
vehicles is fuelled by not being able to<br />
depend on public transport. The new research found<br />
that fewer than a third of businesses are able to rely on<br />
current bus, train and tram services, with firms finding<br />
cars and vans to be better suited to business needs and<br />
the locations of the majority of UK SMEs.<br />
With vehicles the preferential mode of travel for more<br />
44% of SMEs said that if they had<br />
to rely on tram, trains and buses it<br />
would make them less efficient<br />
than two thirds of UK SMEs, the challenge for the fleet<br />
industry is to help firms finance and operate the vehicles<br />
they need without tying up cash that could otherwise be<br />
invested in their businesses.<br />
Public transport is not meeting the needs of the<br />
majority of UK small businesses<br />
Our research reveals that only a small minority of UK<br />
SMEs can rely on public transport. Just 26% say their<br />
locations are well served by current services and that<br />
they provide a convenient option for business travel.<br />
Vehicles are essential for firms to operate successfully<br />
on a daily basis, with almost half (49%) of<br />
UK firms depending on private vehicles for<br />
vital activities such as visiting clients and<br />
attending meetings.<br />
Public transport is providing a reliable<br />
service for just a quarter of SMEs, with more than one<br />
in five (22%) stating their office locations are poorly<br />
served by public transport. This is the finding of a study<br />
carried out in partnership with YouGov, which surveyed<br />
over a thousand senior decision makers at UK SMEs<br />
on their dependence on vehicles for business travel. Our<br />
research shows that a high proportion rely on vehicles,<br />
with almost half (49%) saying they’re important to<br />
running their businesses and over a quarter (29%) stating<br />
they could not operate their companies without them.<br />
When asked what would happen if they were forced to<br />
issue <strong>18</strong> | page 46
of BUSINESS<br />
<strong>IQ</strong> industry insight<br />
Keeping the wheels of business turning - the importance of vehicles to British SMEs<br />
rely on public transport, 44% said they would be less<br />
efficient, 31% believe it would cost the business more,<br />
and almost half (46%) said it would make visiting clients<br />
more difficult.<br />
Vehicles at the heart of UK small businesses<br />
Our research found that cars and vans are fundamental<br />
to the successful day-to-day operations of the majority<br />
of British firms. Given the choice, over two thirds (67%)<br />
of the SMEs we spoke to would rather use vehicles than<br />
public transport, with 74% of these companies<br />
stating that vehicles are more convenient and<br />
half believing them to be more reliable.<br />
In addition, more than half (58%) of<br />
SMEs need cars and vans to visit<br />
customers, with over a third (37%)<br />
relying on them for transporting goods and services.<br />
The importance of vehicles to businesses is reinforced<br />
by the fact that driving remains a key skill SMEs look<br />
for when recruiting. According to our findings, 59% of<br />
companies consider holding a valid driving licence a key<br />
requirement for new employees.<br />
Supporting Britain’s SMEs on the road<br />
Firms need a reliable, convenient mode of travel to<br />
handle those day-to-day demands and through leasing,<br />
businesses can plan more effectively and reduce their<br />
upfront costs. Through a small initial outlay and easyto-manage<br />
fixed monthly payments, leasing provides<br />
firms access to a wider range of vehicles they wouldn’t<br />
have been able to otherwise afford, freeing up funds to<br />
invest in growing the business and enhancing employee<br />
benefit packages.<br />
50% of SMEs prefer to use cars<br />
and vans becuase they’re more<br />
reliable than public transport<br />
Leasing - providing the wheels for UK business<br />
growth<br />
As cars remain so vital to the day-to-day running of<br />
UK businesses, it’s not surprising that we’re seeing<br />
more and more SMEs leasing their cars<br />
and vans as opposed to purchasing<br />
them outright. We saw a 29%<br />
year-on-year rise in the number<br />
of vehicles leased to small firms<br />
last year, with a steep 110%<br />
growth in van leasing, and expect<br />
to see further increases for 2015.<br />
By partnering with a vehicle leasing<br />
provider that can offer servicing, support<br />
and maintenance within manageable monthly payments,<br />
SMEs can not only mobilise their workforces quickly<br />
and free up funds to invest in business growth, but access<br />
a mode of transport they can fully depend on.<br />
More INFORMATION<br />
Steve Elsom, Regional Director,<br />
SME Banking, East England,<br />
Lloyds Banking Group.<br />
steve.elsom@lloydsbanking.com<br />
@steveelsom1<br />
issue <strong>18</strong> | page 47
<strong>IQ</strong> opinion<br />
With more and more companies devising new<br />
and ever more creative working environments,<br />
we catch up with a few of our Top Under 30<br />
winners to hear their views<br />
Top Under 30 Insight:<br />
The Working Environment<br />
The working environment can be an enormous factor<br />
in shaping the way we work. It can affect productivity,<br />
quality, communication and overall team morale. Many<br />
different companies will argue that their way is best,<br />
but in truth, there is no right or wrong. It is a very fine<br />
balance and every case is different.<br />
It should be open enough to allow good communication<br />
and interaction and at the same time retain privacy, but<br />
not so much that it causes segregation. And that’s just the<br />
physical environment in which we work: there are plenty<br />
of other factors involved such as working hours, incentive<br />
schemes, team building and work/life balance.<br />
Add to this the individual personalities of your team<br />
members and it becomes quite a minefield to negotiate.<br />
With this in mind, we’ve spoken to a few of our Top<br />
Under 30 winners to see how they feel about the subject<br />
and what their idea of the perfect working environment<br />
would be.<br />
Amy Heaslip<br />
Research & Marketing Manager<br />
Goodsense Research<br />
I love that every day at Good Sense<br />
Research is different and so the<br />
surroundings change regularly too. From<br />
report writing in the office, to field work in<br />
a restaurant, the setting is always different<br />
and with that comes meeting people from<br />
all walks of life and with varying opinions,<br />
experiences and stories to tell.<br />
Our office is really fun and trendy;<br />
perfectly set up to accommodate our<br />
consumer research but also designed in a<br />
way that encourages us to think creatively<br />
and collaboratively.<br />
Then of course the people I work with<br />
are most influential on the environment.<br />
Passionate about consumer research,<br />
everyone on the team is a people-person<br />
and we have lots of fun in the office doing<br />
simple things like bringing in and sharing<br />
home-made brownies or battling each<br />
other for steps on our fitbits for example!<br />
We ensure a positive working environment<br />
by creating a high-praise culture in the<br />
office. We are also encouraged to come up<br />
with our own ideas and take ownership of<br />
things which means we all have an input<br />
and feel included.<br />
Team bonding experiences take place a<br />
couple of times a year for the summer<br />
and Christmas parties which are awaited<br />
with much anticipation! The typical party<br />
involves some sort of sporting activity<br />
that is kept secret which obviously lends<br />
itself to team work and a healthy bit of<br />
competition, and having worked up an<br />
appetite we then go a restaurant that is<br />
in-line with current food trends and enjoy<br />
each other’s company.<br />
Training and development is also really<br />
important to me; firstly because I love to<br />
learn new things, but secondly because<br />
it’s about working on and towards new<br />
goals. Being challenged is what keeps a<br />
job interesting.<br />
issue <strong>18</strong> | page 48
<strong>IQ</strong> opinion<br />
Ben Hutton<br />
Owner<br />
Ben’s Restaurant<br />
The best thing about my work<br />
environment, is that it is very sociable.<br />
You get to interact with a lot of different<br />
customers as well as the rest of the team.<br />
The working environment is very important<br />
for morale, if it is tense or uncomfortable<br />
it will create a negative atmosphere for<br />
staff. We help each other out and work<br />
together to achieve our common goal:<br />
customer satisfaction. We also keep things<br />
relaxed and friendly to ensure all staff are<br />
happy. Happy staff equals happy customers!<br />
Communication is pivotal to ensure the best<br />
working environment. Miscommunication<br />
could result in a number of problems. We are<br />
constantly talking throughout shift, filling<br />
each other in on what stage our customers<br />
are at, and also talking to the kitchen so we<br />
understand how they are coping. Without<br />
communication, we wouldn’t know where<br />
to allocate resources when required.<br />
Training is key for development and<br />
progression. I think no detail should be<br />
overlooked during training, it is important<br />
for all staff to understand the expectations<br />
of the business and their role within it.<br />
It is important to acknowledge hard work,<br />
and our staff are always thanked, whether<br />
it be a bonus, or a team treat, but it is also<br />
important for employees to understand<br />
the requirements and standards associated<br />
with their particular job and meet them on<br />
all occasions. For my employees, I think<br />
it is important to have a healthy work/<br />
life balance. You can’t perform at your<br />
best if you are overworked, and as an<br />
employer you have to remember it is their<br />
job, not their life. I think the ideal working<br />
environment is the one I have created at<br />
Ben’s. It is friendly and welcoming to new<br />
staff, we work as a team to ensure targets<br />
are met and customers are satisfied.<br />
The overall working environment is of<br />
paramount importance; staff must feel<br />
relaxed and comfortable if they are to<br />
perform well and enjoy their work.<br />
Jacobs Allen operates an open door policy<br />
and everyone has their own working area<br />
– we don’t have impersonal banks of<br />
desks. Our offices are also located at the<br />
heart of Bury St Edmunds and Haverhill<br />
allowing easy access to a variety of shops<br />
and lunchtime venues. To promote team<br />
bonding, we have weekly team meetings<br />
on a Friday afternoon where all the<br />
staff can talk about what they’re up to<br />
and share work around if they have too<br />
much on. We also enter lots of quizzes,<br />
fundraising and other events so there are<br />
plenty of opportunities for the team to<br />
build positive relationships.<br />
Flexible working hours are also helpful in<br />
achieving a fair and equitable relationship<br />
between employer and employee. Jacobs<br />
Allen allow various flexibilities to their<br />
staff so that no one has to miss their child’s<br />
school play!<br />
At Jacobs Allen our hard work is<br />
recognised in a number of ways.<br />
The team often celebrate the hard<br />
work of an individual by suggesting<br />
that they go out and buy cakes for the<br />
office! In all seriousness though, we<br />
run regular staff appraisals where hard<br />
work and achievement are discussed<br />
and pay rises are reviewed annually.<br />
We also run an annual tax return trophy<br />
which gets handed out to the client<br />
manager who finishes their clients’ tax<br />
returns first. Merit should always be<br />
rewarded; both to gratify the achiever<br />
and spur on others. I believe the ideal<br />
working environment should be friendly,<br />
fun and professional, working with a good<br />
variety of people with different interests<br />
and located in the heart of town.<br />
Thady Senior<br />
Marketing Manager<br />
Jacobs Allen Chartered<br />
Accountants & Chartered<br />
Tax Advisers<br />
issue <strong>18</strong> | page 49
<strong>IQ</strong> opinion<br />
The working environment is a hugely important factor in<br />
ensuring a productive and successful team.<br />
Our business relies on creativity and free-flowing ideas so<br />
a relaxed, comfortable working environment is essential!<br />
Here at Selfie Clothing, we work as a family. We believe<br />
that to create a tight-knit team you need to break down<br />
barriers, that’s why we work in an open plan, spacious<br />
and welcoming studio environment where everyone is<br />
approachable and no individual feels segregated from<br />
the rest. This ensures that all team members build<br />
strong relationships and work together as one unit. We<br />
hold a weekly team catch up where every member gets<br />
together to discuss current projects and bounce ideas<br />
off each another. This is a great way to ensure everyone<br />
feels involved in what the company’s doing. It’s also a<br />
chance to recognise staff members for their hard work<br />
and achievements through our financial bonus scheme<br />
and Employee of the Month award. The nature of our<br />
business means that sometimes we have to work outside<br />
normal hours in order to meet deadlines or communicate<br />
with clients in different time zones.<br />
Therefore, in order to<br />
ensure that everyone<br />
maintains a healthy work/<br />
life balance, we offer<br />
flexi-hours which help each<br />
team member to manage<br />
their work schedules to<br />
fit around their personal<br />
commitments. On top of<br />
all this, we have a ping<br />
pong table in the middle<br />
of the studio which anyone<br />
is welcome to use. It’s a<br />
Joe Carrisi<br />
Marketing Executive<br />
Selfie Clothing<br />
fantastic way to not only take a break on a stressful day,<br />
but also to build rapport with colleagues. Overall, I love<br />
the working environment we have at Selfie. It allows<br />
everyone to feel completely at ease in their surroundings.<br />
This encourages people’s personalities to shine through<br />
and helps them to be themselves, but most of all, creates<br />
a place of work that people look forward to arriving at in<br />
the morning.<br />
Andrew Cooper<br />
Partner<br />
Greene & Greene Solicitors<br />
The atmosphere in our<br />
office is relaxed and<br />
friendly, and there is always<br />
someone willing to help if<br />
you need to bounce an<br />
idea around. I enjoy the<br />
character of our office<br />
building and the fact that<br />
we all have individual<br />
offices, rather than being<br />
in an open-plan layout.<br />
When you spend all day in<br />
an office, you need to have a<br />
good environment otherwise it can become demoralising.<br />
We therefore encourage interaction between staff, and run<br />
events through the course of the year to boost interaction<br />
between different parts of the office.<br />
To promote team bonding, we hold an annual Christmas<br />
party and summer BBQ which all staff and their families<br />
attend. We organise social events such as a quiz or bowling<br />
evening, and we take part in a range of team sport events<br />
through the course of the year.<br />
Good communication is vital to ensuring that everyone<br />
feels engaged in the business, which enhances productivity<br />
and promotes good relations around the workplace.<br />
Without it, some staff can feel isolated, and that can lead<br />
to other problems.<br />
Employee reward schemes are effective and work best<br />
when they encourage everyone to pull in the same<br />
direction, for the benefit of the entire business and all<br />
employees. We recognise our staff’s hard work with a<br />
balance of financial rewards and social events.<br />
Training is also a very important factor in ensuring a<br />
fulfilling working life. As lawyers, we need to keep abreast<br />
of changes in the law, and all of our lawyers regularly take<br />
part in professional development courses.<br />
A healthy work/life balance is key to ensuring that staff<br />
can perform well at work. If you get the balance wrong<br />
by working too much, you are more likely to suffer from<br />
tiredness and stress, which in turn reduces performance<br />
and leads to mistakes. That is bad for a business, and bad<br />
for its customers and clients.<br />
More Information<br />
www.iqmag.co.uk and follow<br />
us on Twitter @iQBusinessMag<br />
issue <strong>18</strong> | page 51
<strong>IQ</strong> diary<br />
After Hours Networking<br />
A friendly evening event, with<br />
open networking and a ‘Spotlight<br />
10 Spot’. Meet with others from<br />
Cambridge-based businesses over a<br />
drink and nibbles.<br />
Dates: 6 Sept, 4 Oct, 1 Nov<br />
Time: <strong>18</strong>:30 - 21:00<br />
Venue: The White Horse, 20-22 High<br />
St, Milton, Cambridge CB24 6AJ<br />
Booking Details: £7.50<br />
info@afterhoursnetworking.co.uk or book<br />
online at www.afterhoursnetworking.co.uk<br />
Cambridge South Business<br />
Networking<br />
Relaxed, friendly and productive<br />
networking including a 40-second<br />
round and three x10min 1-2-1s<br />
with people you choose.<br />
Dates: 7 Sept, 21 Sept, 5 Oct, 2 Nov<br />
Time: 8:00 - 10:00<br />
Venue: TWI Building, Granta Park,<br />
Great Abington, Cambridge CB21 6AL<br />
Booking Details: £13<br />
Find out more and book online at<br />
www.4networking.biz/Events<br />
St Ives Business Owners’<br />
Mastermind Group<br />
This breakfast meet-up is themed<br />
around collaborative problem<br />
solving. Stay on for optional coworking,<br />
with high speed WiFi and<br />
great coffee.<br />
Dates: 8 Sept, 6 Oct, 3 Nov<br />
Time: 8:45 - 10:00 and co-working<br />
between 10:00 - 17:30<br />
Venue: St Ives Corn Exchange, The<br />
Pavement, St Ives, Cambs PE27 5AD<br />
Booking Details: Mastermind<br />
Group £10. Co-working £2 per hour<br />
or £7.50 for the day. Co-working only,<br />
without Mastermind Group, £4 per hour<br />
or £20 for the day. Book by emailing<br />
info@cambridgebusinesslounge.com<br />
Cambridge Alternative<br />
Networking (CAN), Cromwell<br />
Group<br />
Members with contacts, help find<br />
each other new business.<br />
Dates: Alternate Thursdays, 8 and 22<br />
Sept, 6 and 20 Oct, 3 and 17 Nov<br />
Time: 6:45 - 08:30<br />
Venue: Quy Mill Hotel & Spa,<br />
Stow-cum-Quy, Cambs CB25 9AF<br />
Booking Details: £12.50<br />
Book online at www.eventbrite.co.uk<br />
Cambridge Business over<br />
Breakfast (Bob) Club<br />
This lively group concentrates on<br />
quality referrals in a secure and<br />
successful networking environment.<br />
Dates: Alternate Thursdays, 8 and 22<br />
Sept, 6 and 20 Oct, 3 and 17 Nov<br />
Time: 7:00<br />
Venue: Arundel House Hotel,<br />
Chesterton Road, Cambridge CB4 3AN<br />
Booking Details: £12. Contact<br />
organiser Tony Miles on 07799 623028<br />
or 01487 800032. Book online at<br />
www.bobclubs.com<br />
Coffee Means Business<br />
A relaxed, informal business<br />
networking opportunity with a<br />
short presentation from a local<br />
business.<br />
Dates: 8 Sept, 13 Oct, 10 Nov<br />
Time: 9:30 - 11.30<br />
Venue: The Apex, 1 Charter Square,<br />
Bury St Edmunds IP33 3FD<br />
Booking Details: No need to book,<br />
£2 on arrival<br />
Informal Networking Evening<br />
Learn more about the local<br />
business community, make new<br />
business connections and meet<br />
Cambridgeshire Chamber of<br />
Commerce staff.<br />
Dates: 12 Sept, 10 Oct, 14 Nov<br />
Time: 17:00 - 19:00<br />
Venue: The Lamb Hotel, Lynn Road,<br />
Ely, Cambs CB7 4EJ<br />
Booking Details: FREE. Contact<br />
Peter Watts on 07545 697799 or email<br />
p.watts@cambscci.co.uk<br />
St Neots Business Coffee<br />
Morning - No Fuss No Fees<br />
NO Fee, NO Fuss, NO Formality,<br />
these meetings are all informal<br />
networking. Turn up, chat and<br />
connect with local businesses.<br />
Dates: 13 and 27 Sept, 11 and 25<br />
Oct, 8 and 22 Nov<br />
Time: 8:00 - 10:00<br />
Venue: Moores Moores Walk Café, 20,<br />
Moores Walk, St Neots PE19 1AJ<br />
Booking Details: FREE. Register at<br />
www.stneotsnetwork.co.uk<br />
issue <strong>18</strong> | page 52
<strong>IQ</strong> diary<br />
Business Planning and<br />
Cashflow Forecasting<br />
Get expert advice on writing<br />
a good business plan, sourcing<br />
finance, managing cashflow,<br />
taxation and VAT, as well as<br />
networking with others who are<br />
planning to start a business.<br />
Dates: 14 Sept<br />
Time: 9:30 - 12:30<br />
Venue: Menta Business Centre, 5<br />
Eastern Way, Bury St Edmunds<br />
IP32 7AB<br />
Booking Details: £30. Book online<br />
at www.eventbrite.co.uk<br />
Kickstart Marketing Your<br />
Business<br />
Learn about marketing, free and<br />
cost-effective marketing tools to<br />
reach your customers, and develop<br />
an action plan to kick start your<br />
business marketing.<br />
Dates: 15 Sept<br />
Time: 9:30 - 12:30<br />
Venue: Menta Business Centre, 5<br />
Eastern Way, Bury St Edmunds<br />
IP32 7AB<br />
Booking Details: £30. Book online<br />
at www.eventbrite.co.uk<br />
Cambridge B2B Exhibition<br />
Take advantage of this exhibition’s<br />
unrivalled promotional<br />
opportunities. Seminars on<br />
Speed Networking, Facebook and<br />
Maximising Sales Potential.<br />
Dates: 15 Sept<br />
Time: 10:00 - 16:00<br />
Venue: Quy Mill Hotel and Spa,<br />
Church Road, Stow-Cum-Quy, Cambs<br />
CB25 9AF<br />
Booking Details: FREE. Contact<br />
Jenni Misseldine on 01223 209810 or<br />
email j.misseldine@cambscci.co.uk; visit<br />
www.cambridgeb2b.co.uk to book<br />
seminar places<br />
Office Drinks<br />
An unusual networking event with<br />
a pub quiz and nibbles included.<br />
Dates: 19 Sept, 24 Oct, 21 Nov<br />
Time: <strong>18</strong>:30 - 21:00<br />
Venue: Oakes Barn, St Andrews Street<br />
South, Bury St Edmunds IP33 3PH<br />
Booking Details: Contact<br />
lynette@virtualheadoffice.co.uk<br />
Ely Safari Networking<br />
Breakfast<br />
Raise your profile and extend<br />
your network of business contacts.<br />
Move around three different<br />
tables, with additional networking<br />
opportunities over a full English<br />
breakfast and tea/coffee.<br />
Dates: 23 Sept<br />
Time: 7:45 - 10:00<br />
Venue: Rosewood Pavillion,<br />
Freckenham Road, Chippenham,<br />
CB7 5QH<br />
Booking Details: Member fee £15<br />
+VAT; non-member fee:£22.50 +VAT.<br />
Contact Jenni Misseldine on<br />
01223 209810 or email<br />
j.misseldine@cambscci.co.uk.<br />
Link4Growth Ltd -<br />
Link4Business<br />
In this structured and educational<br />
environment, businesses can come<br />
together, network, make new<br />
connections and learn from each<br />
other too.<br />
Dates: 27 Sept and 25 Oct<br />
Time: <strong>18</strong>:30 - 20:00<br />
Venue: Stirling House Business<br />
Centre, Denny End Road, Waterbeach,<br />
Cambridge CB25 9QE<br />
Booking Details: £12. Contact<br />
Peter Daykin, 07769 906432. Book<br />
online at www.eventbrite.co.uk<br />
Global Business Network<br />
Organised by Cambridgeshire<br />
Chamber of Commerce, this<br />
informal networking event is for<br />
exporters or those considering it.<br />
With a guest speaker at 17:15.<br />
Dates: 27 Sept, 25 Oct, 29 Nov<br />
Time: 17:00 - 19:00<br />
Venue: The Moller Centre, Storey’s<br />
Way, Cambridge CB3 0DE<br />
Booking Details: FREE. Call Helen<br />
Bosett on 01223 209815<br />
Storm in a Teacup<br />
This innovative event brings<br />
professional women together to<br />
share ideas and experiences in a<br />
supportive and welcoming womenonly<br />
environment.<br />
Dates: 28 Sept<br />
issue <strong>18</strong> | page 53
<strong>IQ</strong> diary<br />
Time: 9:30 - 11:30<br />
Venue: Poets House, 40 St Mary’s<br />
Street, Ely, Cambs CB7 4EY<br />
Booking Details: Members £12<br />
+VAT; non-members £17 +VAT.<br />
Contact Helen Bosett, Sector<br />
Co-ordinator, on 01733 370809 or<br />
email h.bosett@cambscci.co.uk<br />
Making the Most of Cambridge<br />
Network Membership<br />
Come along to this informal<br />
seminar and networking lunch and<br />
find out what The Network can<br />
offer.<br />
Dates: 30 Sept<br />
Time: 11:00 - 13:00<br />
Venue: Hauser Forum, 3 Charles<br />
Babbage Road, Cambridge CB3 0GT<br />
Booking Details: FREE. Book<br />
online at www.cambridgenetwork.co.uk<br />
Contracts of Employment -<br />
How to get it right<br />
Find out what makes an agreement<br />
binding and what an employee is<br />
legally entitled to.<br />
Dates: 4 Oct<br />
Time: 9:15 - 13:00<br />
Venue: Acas House, Kempson Way,<br />
Bury St Edmunds, Suffolk IP32 7AR<br />
Booking Details: £105. Call Acas<br />
on 0300 123 1150 or email<br />
events@acas.org.uk<br />
Menta Trade Fair 2016<br />
Meet the region’s newest and<br />
established businesses, and exhibit<br />
your products and services to over<br />
600 visitors. With a new ‘Digital<br />
Zone’ & Brunch Means Business.<br />
Dates: 4 Oct<br />
Time: 12:00 - <strong>18</strong>:00<br />
Venue: The Apex, 1 Charter Square,<br />
Bury St Edmunds, IP32 7AB<br />
Booking Details: For exhibitors’<br />
terms and conditions, visit<br />
www.eventbrite.co.uk<br />
Suffolk Chamber Networking<br />
Lunch<br />
Jerome Mayhew, Managing<br />
Director of Go Ape, will be<br />
sharing with delegates the<br />
adventurous approach Go Ape<br />
takes to business.<br />
Dates: 12 Oct<br />
Time: 11:30 - 14:00<br />
Venue: The Granary Barns, Parsonage<br />
Farm, Woodditton, Suffolk CB8 9RZ<br />
Booking Details: Members £24.98<br />
+VAT; non-members £36.25 +VAT.<br />
Contact Alicia Matthews, Senior Events<br />
Coordinator, on 01473 694805 or book<br />
online at www.suffolkchamber.co.uk<br />
Cambridge Safari Networking<br />
Breakfast<br />
Raise your profile and extend<br />
your network of business contacts.<br />
Move around three different<br />
tables, with additional networking<br />
opportunities over a full English<br />
breakfast and tea/coffee.<br />
Dates: 14 Oct and 22 Nov<br />
Time: 7:45 - 10:00<br />
Venue: Madingley Hall, Madingley,<br />
Cambridge CB23 8AQ<br />
Booking Details: Members £15<br />
+VAT; non-members £22.50 +VAT.<br />
Contact Jenni Misseldine on<br />
01223 209810 or email<br />
j.misseldine@cambscci.co.uk.<br />
Suffolk Skills Show<br />
This offers young people the<br />
chance to find out which careers<br />
interest them. If you have<br />
apprenticeships, internships or<br />
jobs to fill, or you offer skills and<br />
training opportunities, book a<br />
stand, bring in a demonstration, or<br />
set up have a go activities.<br />
Dates: 19 Oct<br />
Time: 9:00 - 16:30<br />
Venue: Trinity Park, Felixstowe Road,<br />
Ipswich IP3 8UH<br />
Booking Details: Stands from £300<br />
+VAT. Visit www.suffolkskillsshow.com<br />
Informal Networking Evening<br />
Learn more about the local<br />
business community, make new<br />
business connections, and meet<br />
members of the Chamber staff.<br />
Dates: 20 Oct and 17 Nov<br />
Time: 17:00 - 19:00<br />
Venue: Holiday Inn, Lakeview, Bridge<br />
Road, Impington, Cambridge<br />
CB24 9PH<br />
Booking Details: FREE. Contact<br />
Peter Watts on 07545 697799 or email<br />
p.watts@cambscci.co.uk<br />
issue <strong>18</strong> | page 54
<strong>IQ</strong> diary<br />
Networking Masterclass<br />
Cambridge<br />
Become a confident and<br />
effective networker; find out<br />
how to present yourself and<br />
convey your company’s USPs<br />
effectively. Exclusive to members,<br />
recommended for new members.<br />
Dates: 1 Nov<br />
Time: 11:45 - 14:30<br />
Venue: Quy Mill Hotel & Spa,<br />
Church Road, Stow-Cum-Quy, Cambs<br />
CB25 9AF<br />
Booking Details: Members £20<br />
+VAT. Contact Jenni Misseldine on<br />
01223 209810 or email<br />
j.misseldine@cambscci.co.uk<br />
British Chambers of<br />
Commerce Global Business<br />
Network Live<br />
An unmissable event for<br />
British SMEs looking to<br />
trade internationally. Learn<br />
from inspirational exporting<br />
companies, meet trusted Chamber<br />
representatives from dozens of<br />
countries, network and learn<br />
practical tips.<br />
Dates: 1 Nov<br />
Time: 8:30 - 17:45<br />
Venue: etc venues, 155 Bishopsgate,<br />
Liverpool Street, London EC2M 3YD<br />
Booking Details: Early bird<br />
Chamber members £80; standard<br />
delegate £160.<br />
Book online at<br />
www.bccexport.co.uk. Contact on<br />
01223 209803 or email<br />
f.tester@cambscci.co.uk<br />
How to Gain More Customers<br />
Using LinkedIn<br />
Get to grips with the benefits of<br />
LinkedIn and use it to find new<br />
leads.<br />
Dates: 3 Nov<br />
Time: 9:30 - 12:30<br />
Venue: Menta, 5 Eastern Way, Bury<br />
St Edmunds IP32 7AB<br />
Booking Details: £30. Book online<br />
at www.eventbrite.co.uk<br />
Smart Selling<br />
This 3-hour high impact workshop<br />
is aimed at business owners who<br />
need to sharpen up and increase<br />
sales.<br />
Dates: 7 Nov<br />
Time: 9:30 - 12:30<br />
Venue: Menta, 5 Eastern Way, Bury<br />
St Edmunds IP32 7AB<br />
Booking Details: £30. Book online<br />
at www.eventbrite.co.uk<br />
Twitter for Beginners:<br />
Business to Business<br />
Create your own Twitter strategy,<br />
set up a Twitter account incl. home<br />
pages and settings, be a savvy B2B<br />
twitter account manager, find and<br />
increase your followers, and find<br />
out what not to Tweet.<br />
Dates: 10 Nov<br />
Time: 9:30 - 12:30<br />
Venue: Menta, 5 Eastern Way, Bury<br />
St Edmunds IP32 7AB<br />
Booking Details: £30. Book online<br />
at www.eventbrite.co.uk<br />
Cambridge Business Network<br />
Business Lecture: Focus on<br />
Start ups<br />
Get updates on some Cambridge<br />
high-impact start-ups, and hear<br />
key speaker Stew McTavish of<br />
ideaSpace, home to over 100<br />
members from just-graduated<br />
undergraduates to repeat<br />
entrepreneurs.<br />
Dates: 22 Nov<br />
Time: <strong>18</strong>:00 - 20:30<br />
Venue: The Hauser Forum, 3 Charles<br />
Babbage Road, Cambridge CB3 0GT<br />
Booking Details: Cambridge<br />
Network members free; non-members<br />
£50 +VAT. Contact Louise Rushworth<br />
on 01223 760102, or email louise.<br />
rushworth@cambridgenetwork.co.uk<br />
I’m an Employer, Get me out of<br />
here…<br />
This session gives delegates the<br />
opportunity to watch an unfair<br />
dismissal Employment Tribunal<br />
scenario take place and to see how<br />
decisions are made.<br />
Dates: 23 Nov<br />
Time: 9:30 - 14:30<br />
Venue: British Racing School,<br />
Snailwell Road, Newmarket, Suffolk<br />
CB8 7NU<br />
Booking Details: £170. To book<br />
please call Acas on 0300 123 1150 or<br />
email events@acas.org.uk<br />
issue <strong>18</strong> | page 55
<strong>IQ</strong> christmas<br />
Feeling<br />
Festive party<br />
Have you<br />
booked<br />
your office<br />
Christmas<br />
yet?<br />
Yes now really is the time to start thinking<br />
about booking your company’s Christmas party!<br />
Venues and events often get booked up fairly early in<br />
the year so it’s best to be organised and get something<br />
pencilled in the diary.<br />
Your annual Christmas party is a chance for you to step<br />
away from work and get in the festive spirit. It’s often<br />
also a good chance to show your appreciation to your<br />
colleagues and to celebrate the year’s success.<br />
The most vital part of planning your Christmas party<br />
is of course securing a suitable venue. At this point you<br />
should consider how big your team is and the type of<br />
celebration you’re looking for. Is it a chance to have a<br />
quirky themed party or more of a formal dinner? Take<br />
a look at some local venues and their offerings for the<br />
festive period...<br />
issue <strong>18</strong> | page 57
<strong>IQ</strong> christmas<br />
Highfield Event Group<br />
& HQ Nights<br />
This local marquee and event management business<br />
are holding four exclusive events this Christmas<br />
and promise to mix business with pleasure in a<br />
fashionable manner. Fizz on arrival, a 3-course meal,<br />
DJ and a bar; it’s set to be a fun-filled evening.<br />
Prices start from: £55 per guest<br />
Dates: 2nd, 3rd, 9th and 10th December<br />
HQ Nights Christmas Party location in Newmarket<br />
Tel: 01638 745301 www.highfieldeventgroup.com<br />
Rosewood Pavilion<br />
Located in the beautiful Cambridgeshire countryside,<br />
Rosewood Pavilion is an exclusive and versatile venue<br />
with lots to offer. This Christmas they’re hosting a<br />
series of festive parties with Prosecco on arrival and<br />
3-course dinner, as well as a sleight-of-hand artist<br />
and disco.<br />
Price: £49 per person<br />
Dates: 2nd, 3rd, 8th, 9th, 10th, 15th, 16th and 17th<br />
December<br />
Freckenham Road, Chippenham, CB7 5QH<br />
Tel: 01638 723155 www.rosewoodpavilion.co.uk<br />
Farmers Club<br />
If you’re looking for a refreshingly elegant yet<br />
relaxing setting, look no further. Founded back in<br />
1947, The Farmers Club in Bury St Edmunds has a<br />
range facilities and social areas with private dining<br />
available.<br />
Prices: 2-course menu including tea and<br />
coffee £23<br />
3-course menu including tea and coffee £28<br />
Canapes and Prosecco also available at<br />
additional price<br />
10 Northgate Street, Bury St Edmunds, IP33 1HQ<br />
Tel: 01284 750969 www.bsefc.co.uk<br />
The Rupert Brooke<br />
The Rupert Brooke, also part of the Chestnut<br />
Group, is within walking distance of central<br />
Cambridge and has an ethos centered upon great<br />
service and exceptional food.<br />
Capacity: Tables up to 40. Restaurant capacity 125<br />
Price: Christmas parties £29.50<br />
Dates: Runs throughout December<br />
2 Broadway, Grantchester CB3 9NQ<br />
Tel: 01223 84<strong>18</strong>75 www.therupertbrooke.com<br />
The Bull Inn<br />
Renowned for their calendar of exciting Christmas<br />
events, The Bull Inn have a jam-packed schedule for<br />
this year’s festive period. From live music and themed<br />
nights to Sunday lunches, tribute shows and festive<br />
sing-alongs.<br />
Capacity: Up to 150<br />
Prices start from: £25 per person<br />
The Street, Barton Mills,<br />
Bury St Edmunds, IP28 6AA<br />
Tel: 01638 711001 www.bullinn-bartonmills.com<br />
The Rowley Mile,<br />
Newmarket Racecourses<br />
Experience an evening of fine dining and<br />
entertainment at Newmarket Racecourses. Their<br />
magnificent Millennium Grandstand will be<br />
transformed into a magical ‘Classic Christmas’<br />
setting offering a 3-course festive dinner, live<br />
entertainment, DJ and disco.<br />
Alternatively book a private suite.<br />
Price per person: £55<br />
Capacity: Up to 500 guests<br />
Dates: 2nd, 3rd, 9th, 10th, 15th, 16th, 17th of<br />
December<br />
Newmarket Racecourse, Rowley Mile Racecourse,<br />
Newmarket CB8 0TF Tel: 01638 675300<br />
www.newmarketracecourses.co.uk<br />
issue <strong>18</strong> | page 58
<strong>IQ</strong> christmas<br />
Quy Mill<br />
This stunning refined hotel in a converted watermill<br />
located just outside of Cambridge has an enviable<br />
calendar of Christmas events this year. Their Party<br />
Nights include a 3-course festive dinner in their 2AA<br />
Rosette Mill House restaurant and there’s also the<br />
option to stay over too. For a more exclusive affair,<br />
how about a private party?<br />
Dates: Various dates from 25th November to 7th<br />
January<br />
The Packhorse Inn<br />
Part of the Chestnut Group, the award-winning<br />
Packhorse Inn in Moulton is renowned for offering a<br />
stunning dining and staying experience.<br />
Capacity: Tables up to 33. Restaurant capacity 93<br />
Price: Christmas parties £32.50<br />
Dates: Runs throughout December<br />
Bridge Street, Moulton, CB8 8SP<br />
Tel: 01638 75<strong>18</strong><strong>18</strong> www.thepackhorseinn.com<br />
Church Rd, Stow cum Quy, Cambridge, CB25 9AF<br />
Tel: 01223 293383 www.cambridgequymill.co.uk<br />
The Old Hall Ely<br />
Best Western,<br />
Heath Court Hotel<br />
Located in Newmarket, The Best Western Heath<br />
Court Hotel are offering numerous Party Nights<br />
to welcome the festive season. Opt for a 3-course<br />
meal topped off with coffee and warm mince pies,<br />
then dance the night away with their resident DJ.<br />
Alternatively, book a private party which can cater<br />
up to 120 guests.<br />
Price: From £39 per person<br />
Dates: 2nd, 3rd, 9th, 10th, 15th, 22nd or 23rd of<br />
December<br />
After several years’ practice, The Old Hall Ely<br />
guarantee a party night that everyone will remember.<br />
Overlooking the famous Ely Cathedral, their<br />
traditional Christmas dinner will be served in their<br />
marquee. You’ll be welcomed with a glass of bubbles<br />
and will also indulge in after dinner coffee and<br />
mince pies.<br />
Price: £58pp<br />
Dates: 2nd December (exclusive, min. 100 people),<br />
16th December (mixed parties)<br />
Stuntney, Ely, CB7 5TR<br />
Tel: 01353 663275 www.theoldhallely.co.uk<br />
Moulton Road, Newmarket, CB8 8DY<br />
Tel: 01638 667171 www.bw-heathcourt.co.uk<br />
Jockey Club Rooms<br />
DoubleTree by Hilton<br />
Whatever the size of your party, DoubleTree by<br />
Hilton can accommodate. From festive afternoon tea,<br />
to lunch in the Marco Pierre White restaurant, be<br />
sure to enquire about their Merry Meetings or Party<br />
Nights.<br />
Prices: Festive afternoon tea £20pp available<br />
monday to sunday, 13:00 - 17:30. Party nights<br />
from £35pp.<br />
Dates: Various dates from 25th November to<br />
7th January<br />
Granta Place, Mill Lane, Cambridge, CB2 1RT<br />
Tel: 01223 259933 www.doubletreecambridge.com<br />
Having been at the heart of British horseracing<br />
for over 250 years, this stunning and quintessential<br />
venue is hosting an evening of Festive Fine Dining<br />
on Friday 2nd December. They also provide private<br />
and exclusive hire for other Christmas events,<br />
from afternoon teas and tours through to dinnerdances.<br />
Treat family, friends and work colleagues to<br />
something totally different this festive season.<br />
Capacity: 120 dining or 300 for a reception<br />
Prices start from: £27.95 per person<br />
101 High Street, Newmarket, CB8 8JL<br />
Tel: 01638 663101 www.jockeyclubroom.co.uk<br />
issue <strong>18</strong> | page 59
<strong>IQ</strong> profile<br />
Quickfire Q&A...<br />
...with Ashley Hicks, Managing<br />
Director at Kettle Foods, to find out<br />
why he joined the business, his biggest<br />
challenge and his vision for the future<br />
What was it about Kettle Foods that made you<br />
want to take the reins? I was excited to work with<br />
a business that’s got the agility and passion of a small<br />
company but have a product that’s consumed by third<br />
a of all UK households.<br />
What’s your biggest achievement to date? There<br />
has been a lot going on in the year I have been with the<br />
business and I think our biggest achievement has been<br />
the acquisition of the Metcalfe’s skinny popcorn brand.<br />
This will help the business expand our range of snacks<br />
to reach new consumers.<br />
And your biggest challenge so far at Kettle<br />
Foods? It has to be learning everything there is to know<br />
about potatoes!<br />
What’s the best piece of advice you’ve ever<br />
been given? I was coaching my local rugby team<br />
recently and I heard a lovely piece of advice from one<br />
of the youngsters playing, ‘don’t limit your challenge,<br />
challenge your limits.’<br />
Would you rather be a business partner with<br />
Larry Page, Richard Branson or Howard Schultz?<br />
It has to be Howard Schultz.<br />
Who’s your guru? I’ve spent over <strong>18</strong> years with some<br />
of the biggest food and drink directors in the business<br />
but I would have to say my wife, Julia. She’s always<br />
been able to tell if I’m pushing too hard or if I’m not<br />
‘challenging my limits.’<br />
What do you listen to first: your gut, your heart,<br />
your brain, or your accountant? My gut instinct<br />
comes first followed by my heart. I also have a number<br />
of clever accountants around me too.<br />
If you weren’t a Managing Director, what would<br />
you want to be? Since moving to Norfolk, I’ve found<br />
a hobby that I would love to do full time... I’ve taken<br />
a course at Easton & Otley College about Beekeeping.<br />
I’ve got a hive at home and I’m expecting my first pot<br />
of honey very soon.<br />
Away from business, what would be your ideal<br />
Sunday? It has to be watching the children play rugby<br />
and hockey. My wife and I flip a coin in the morning to<br />
decide who’s going with who and then we all get back<br />
home ready for Sunday lunch - it’s the perfect family day.<br />
If you could tell your 16-year-old self one thing,<br />
what would that be? Listen to your parents! They<br />
know you better than anyone else and have always got<br />
your best interests at heart.<br />
Where would you like to see the business in 10<br />
years time? The aim is to grow Kettle Foods further<br />
internationally and to have a wider portfolio of brands.<br />
And finally… What’s your favourite flavour?<br />
Sweet Chilli & Sour Cream... Eat them with a pint<br />
of Suffolk Adnams beer and you’ve got the perfect<br />
combination.<br />
issue <strong>18</strong> | page 60<br />
more information<br />
www.kettlefoods.co.uk
<strong>IQ</strong> review<br />
article by<br />
Emily Denton<br />
book<br />
review<br />
Bricks and Mortals:<br />
Sixty years in property<br />
Author: David Bedford<br />
Paperback: £11.99<br />
“A fascinating autobiography<br />
looking at the property world and some<br />
of the changes it has endured over the<br />
past 60 years.”<br />
Review: David Bedford, of Bedfords Estate Agents,<br />
has written a fascinating autobiography looking at the<br />
property world and some of the changes it has endured<br />
over the past 60 years. He delves into East Anglia’s<br />
business and social landscape, exploring estate agents over<br />
the past six decades and the dramatic changes they have<br />
experienced as a result of the ever-changing economic<br />
climate and technological advances.<br />
Like any business founder, David speaks of his career<br />
growing Bedfords to be one of the top 20 independent<br />
estate agents in Britain, as named by The Daily<br />
Telegraph. He goes into considerable detail about the<br />
good times as well as the bad, and how, in 2016, he is<br />
proud to be marking 50 years in business. David adds<br />
a great personal touch to the read, explaining how he<br />
bought his first house for just £800 with a 90% mortgage,<br />
and what might have happened if he hadn’t accepted his<br />
first job in the Youth Employment Office in Kings Lynn.<br />
This book is perfect if you value property or if you’re<br />
intrigued as to how the industry has been shaped across<br />
our region in the last 60 years. David’s humble and<br />
positive attitude, combined with his desire to grow a<br />
leading business, is showcased perfectly in this thoughtprovoking<br />
read.<br />
more information<br />
Postal enquirers to hilarylynn@bedfords.co.uk<br />
issue <strong>18</strong> | page 61
<strong>IQ</strong> review<br />
article by<br />
Emily Denton<br />
The Inevitable:<br />
Understanding the 12<br />
technological forces that<br />
will shape our future<br />
Author: Kevin Kelly<br />
Hardback: £15.30<br />
book<br />
review<br />
“We shouldn’t fight against the<br />
changing future, but rather embrace it<br />
and work with what it has to offer.”<br />
Review: In this New York Times bestseller, founding<br />
executive editor of Wired magazine, Kevin Kelly explores<br />
our future with technology. Kelly investigates in detail<br />
how our lives are adapting to technological changes,<br />
featuring everything from virtual reality in our homes to<br />
artificial intelligence fixed in everything we manufacture.<br />
Throughout the book, Kelly highlights that we shouldn’t<br />
fight against the changing future, but rather embrace it<br />
and work with what it has to offer. Neither should we live<br />
in fear of the technological revolution, because change is<br />
inevitable.<br />
Kelly also explores in detail the forces and current trends<br />
that will develop technology and shape the next 30 years,<br />
altering the way we work, learn and communicate with<br />
one another. He asks how old business models will cope<br />
with new technologies, and what new occupations will be<br />
born out of this technological change.<br />
This book is perfect if you’re seeking guidance on where<br />
your life or business should be heading and how you<br />
should adapt. It explains what to invest in and what to put<br />
into place ahead of this new world. I would recommend<br />
this read to anyone interested in technology and the farreaching<br />
change it will have on our lives.<br />
issue <strong>18</strong> | page 62
issue <strong>18</strong> | page 63
You might not expect your<br />
accountant to be trendy,<br />
but you would expect<br />
them to be on trend.<br />
What’s trending this month?<br />
Tax planning is not something you should<br />
leave until the end of the tax year. Taking<br />
appropriate action will help to ensure that<br />
you are able to make the most of the tax<br />
saving opportunities available to you and<br />
your business.<br />
For further information and hints and tips<br />
for 2016/17 please visit our website:<br />
www.streetsweb.co.uk<br />
www.streetsweb.co.uk 01223 570000<br />
info@streetsweb.co.uk<br />
Follow us on Twitter @streetsacc<br />
Watch us on YouTube<br />
Connect with us on LinkedIn<br />
Offices in Cambridge, Newmarket, Peterborough, Bedford (Wyboston Lakes) and Stevenage.