Platinum Business Magazine - issue 116

platinum THE LARGEST CIRCULATION BUSINESS PUBLICATION IN THE UK ISSUE 116

SUSSEX BUSINESS AWARDS 2023

All the winners – inside London Gatwick Economic Forum

MDHUB

hubbub2023

MOTORING Alpine A110S

Unlocking commercial mortgages

SUSSEX TECH WEEK

Tomorrow’s world...

TODAY

“The best thing to focus on in the short term?

The long term.”

Smart advice to help you make the right decisions for your financial future.

Call our Gatwick office to arrange a free introductory meeting with Paul Cannons.

Call 01293 661323 or email paul.cannons@brewin.co.uk brewin.co.uk/gatwick

The value of investments can fall and you may get back less than you invested.

RBC Brewin Dolphin is a trading name of Brewin Dolphin Limited. Brewin Dolphin Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number 124444) and regulated in Jersey by the Financial Services Commission. Registered Office; 12 Smithfield Street, London, EC1A 9BD. Registered in England and Wales company number: 2135876. VAT number: GB 690 8994 69

CONT ENTS ISSUE 116 SUSSEX TECH WEEK 2024

12 BIG STORY

24 More information on the inaugural event taking place at the Brighton Dome and Corn Exchange next June

FINANCE

12 Looking back at tomorrow’s world With the Sussex Tech Week just six months away, Platinum looks at some every day 21st Century items, and the first generation version of them

22 Kreston Reeves How to realise the opportunities of a commercial mortgage

6 International news A round up of the important business stories from around the world 8 Local news A look at the business news stories from around the South East

51 Haines Watts Dealing with the challenges of running a family business

NEWS

BUSINESS

10 Gatwick Airport 150 local leaders attend Gatwick’s second Economic Summit 18 MDHUB MDHUB celebrates 21 years with hubbub23, its annual awards event 48 Impact For Good To B or not to B – Why you should look at becoming B Corp certified 63 Cleankill Stormy weather can play havoc with your bird netting

42 EMC Why you should consider selling your business in 2024

INNOVATION

32 Sussex Innovation Sussex Business Angels; part of a new investment programme with the University of Sussex

MEDIA GROUP

OPINION

64 Anger Management Maarten Hoffmann feels the financial cost of the NHS is too much for the UK economy to bear, and suggests ways of easing the burden

LEGAL

34 DMH Stallard Will you resolve to get your affairs in order in the New Year?

36 DMH Stallard commentary The pros and cons of Employee Share Schemes 44 Loch Associates The rising costs of DSARs for businesses 46 Mayo Wynne Baxter Asset Protection Trusts: the pitfalls

TRAVEL

EVENTS

66 Casablanca and Tangier Tom Mitchelson on a whistle stop tour of two of Morocco’s most image-conjuring cities

58 Plumpton Racecourse A look ahead to the festive programme at one of Sussex’s finest sports venues

68 Alpine A110S Maarten Hoffmann looks back to the future as Alpine has resurrected and updated one of its 1950s classics

38 Sussex Business Awards All the winners and highlights of this year’s most prestigious business event in the region, now in its 35th year

PLATINUM

CHARITY

54 Head2Head Championing multi-sensory theatre since 2006

MOTORING

All rights reserved. The views expressed in this publication are not necessarily those of the publisher. The publisher cannot accept responsibility for any errors or omissions relating to advertising or editorial. The publisher reserves the right to change or amend any competitions or prizes offered. No part of this publication may be reproduced without prior written consent from the publisher. No responsibility is taken for unsolicited materials or the return of these materials whilst in transit. Surrey Business Magazine is owned and published by Platinum Media Group Limited.

Probate, trust & wills specialsts Call us on 0800 84 94 101 Offices across the South East

www.mayowynnebaxter.co.uk

WELCOME

WELCOME Welcome to the last Platinum issue before Christmas.

As usual, this issue is packed with all the news, views and opinion from the leaders of some of the largest companies in the region. December is a time to reflect on the past year, with a view to improving the lives of our teams, improving the product or service we offer, and improving the work-life balance of the boss.

We spend a lot of time trying to improve the lot of our team but perhaps January should be National Boss Month as very little time is given over to their welfare.

In this issue, we bring you the news of the London Gatwick Economic Forum which took place in November, Sussex Innovation announces the launch of a new Business Angels network, and we bring you more news on the exciting Sussex Tech Week event in June which will see 6,000 attendees visit the Dome in Brighton for the largest event of its kind ever held in the South East.

Jonathan Grant from leading law firm DMH Stallard discusses the Employee Share Scheme, and Michael Pay from EMC Corporate Finance explains why you should consider selling your business in the New Year.

The 35th year of the Sussex Business Awards took place on November 30th at the Grand Brighton and we have all the news and images of the winners.

Inside, you will find Dynamic Magazine, designed for women in business with all the news of another fantastic new event, the Dynamic Festival, with a packed day of Motivation, Inspiration and Education, and we review the latest new restaurant, Tutto, news on the beauty of Morocco and some great advice on wellbeing.

The Platinum Team has been hard at work this year and are due a good break; three days off and back to work we go! (Not really, as the team’s wonderful boss has given us 19 days off over Christmas – hence our note about National boss month!!)

We wish you all a splendid Christmas and happy New Year and will see you in 2024.

The Platinum Team CONTACTS PUBLISHER/EDITOR: Maarten Hoffmann maarten@platinummediagroup.co.uk COMMERCIAL DIRECTOR: Lesley Alcock lesley@platinummediagroup.co.uk EVENTS DIRECTOR: Fiona Graves fiona@platinummediagroup.co.uk EVENTS MANAGER: Žaneta Bealing zaneta@platinummediagroup.co.uk TR AVEL EDITOR: Tess de Klerk tess@platinummediagroup.co.uk PL ATINUM MOTORING EDITOR: Maarten Hoffmann maarten@platinummediagroup.co.uk DYNAMIC MOTORING EDITOR: Fiona Shafer fionas@platinummediagroup.co.uk HEAD OF DESIGN: Michelle Shakesby design@platinummediagroup.co.uk SUB EDITOR: Alan Wares alan@platinummediagroup.co.uk

W W W.PL ATINUMME DIAGROUP.CO.UK

www.platinummediagroup.co.uk

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HOTEL CHOCOLAT SELLS OUT TO MARS The co-founders of Hotel Chocolat will each get £144m after agreeing to sell the business, which was founded in Hertfordshire, to Mars. The US confectionery giant will pay £534m for the firm that Angus Thirlwell and Peter Harris set up in 2003.

Hotel Chocolat said the deal would allow the brand to “grow further and faster”, including overseas. The company has had mixed success with expanding internationally and last year had to shut down its five shops in the US. Thirlwell will stay on as chief executive, and said that he would invest 80% of the £144m he will make back into the company.

Harris, by contrast, will retire.

NEWS BULLETIN UK FOURTH FOR UNICORNS With the demise of tech unicorn WeWork, once valued at $47 billion, and 41 US states actively seeking lawsuits against Meta, what is the state of other unicorn companies across the globe?

Experts at FOREX.com uncovered which countries and industries are most prolific in producing unicorns, through data obtained and analysed from CB Insights.

COUNTRY United States China India UK Germany France Israel Canada Brazil Singapore

SAVE LIKE DAVE UK energy provider Utilita has employed the services of fictional TV character ‘Dave Angel - Eco Warrior’ to help customers use less energy.

Angel, portrayed by actor Simon Day, was a recurring character in BBCTV’s ‘The Fast Show’, where he attempted to get viewers to ‘help out Mother Earth’, only for wife Shirley to completely undo his work with her inadvertent disregard for resources.

In the same vein, Dave Angel is inviting people to cut their energy costs by going over to ‘pay-as-you-go’, a cheaper form of billing than direct debit.

So far, four separate commercials have been broadcast.

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COUNT OF COMPANIES 668 172 72 52 30 25 25 21 16 15

SUM OF VALUATION ($B) 2,064.31 641.67 195.75 188.67 78.98 59.55 55.42 52.23 39.08 88.91

AVERAGE VALUATION ($B) 3.09 3.73 2.72 3.63 2.63 2.38 2.22 2.49 2.44 5.93

NEWS

❛❛ The problem with

troubleshooting is that trouble shoots back ❜❜ Unknown

ROYAL MAIL FINED FOR LATENESS Royal Mail has been fined £5.6m by the regulator, Ofcom, for missing its first- and second-class delivery targets.

The company delivered more than a quarter of first-class post late, with only 74% arriving on time in the 2022-23 financial year, far below its statutory target of 93%.

HEATHROW CLAIMS FOURTH SPOT Heathrow Airport has said it has become the fourth busiest airport in the world. Seven million passengers travelled through the west London airport during October 2023.; up 19% from 5.9 million during the same month last year.

During the October half-term school holiday, 2.2 million passengers passed through Heathrow’s terminals, with Dubai, New York and Los Angeles among the most popular destinations.

New chief executive Thomas Woldbye said: “One thing that really stands out to me is the passion and drive of colleagues to get people away smoothly on their journeys.”

It also missed its second-class target, delivering 91% on time compared with a target of 98.5%, and its postal workers completed 89% of delivery routes for each required day, a far cry from the 99.9% expectation.

Royal Mail, in mitigation, blamed Covid and strikes for missing the targets, though in counter-mitigation, Ofcom stated it took those issues into account.

❛❛ The factory of the future will have only two employees, a man, and a dog.

The man will be there to feed the dog.

The dog will be there to keep the man from touching the equipment❜❜ Warren G. Bennis

MINIMUM WAGE INCREASE The Chancellor, Jeremy Hunt, has announced 9.8% increase in the UK minimum wage – the so-called ‘National Living Wage’ – to £11.44 an hour. He has also expanded the scope of the measure to include 21 and 22 year-olds, where previously it was only for people 24 years and older.

It means the minimum legal salary for a full-time person working 35 hours a week will be £20,821, or £22,308 for anyone on the more common 37.5 hours a week. The new rates, which are still below the Living Wage Foundations expectations, come into effect in April 2024.

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REVAMPED GATWICK AIRPORT STATION OPENS A £249m upgrade Gatwick Airport railway station, which has been going on since 2020, has now finished, and includes a new concourse and airport entrance, as well as a remodelled track.

According to Network Rail, more than 21m people used the station In 2019 – more than it was designed for. The revamp would give passengers travelling between Brighton and London “easier, faster, more reliable journeys”. During the redevelopment, a second concourse has been built, while eight new escalators, five new lifts and four new stairways have been installed.

Network Rail said that the changes have doubled space for passengers, improved movement around the station and would ease congestion and improve train journey times.

LOCAL NEWS ADUR & WORTHING BUSINESS WINNERS ANNOUNCED

PHOTO: SAM PHAROAH

The winners of the 15th Adur & Worthing Business Awards – one of the few awards not currently organised by Platinum Media Group – have been announced at ceremony on November 10th at The Pavilion, Worthing. The main prize, the Overall Business Winner, went to was Brown’s Natural Pet Stores of Goring-by-Sea. Keith Gallis, event organiser of the Adur & Worthing Business Awards, and manager of a vehicle fleet for Seagull Travel, together with local community activist and butcher Mick Magginess scooped the Outstanding Contribution to Business Awards.

IKEA PARENT COMPANY BUYS CHURCHILL SQUARE As previously mentioned in Platinum News, Ikea’s parent company, Ingka Group’s Ingka Centres division, has finalised its £145m acquisition of Churchill Square Shopping Centre in Brighton, its second shopping mall in the UK. The world’s largest furniture retailer plans to convert an empty Debenhams site in the centre, about a third of which sits empty, into a new Ikea store. It expects to open within two years.

The acquisition comes almost three years after the division bought the Kings Mall in Hammersmith, west London, where it installed an Ikea in a former Debenhams and brought in new tenants.

❛❛ Luck is a dividend

Winners of the Overall Business of the Year Award – Brown’s Natural Pet Stores

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of sweat. The more you sweat, the luckier you get ❜❜

Ray Kroc, founder of McDonald’s Corp.

NEWS

❛❛ Growth for the sake

of growth is the ideology of the cancer cell ❜❜

EX-BRIGHTON UNI STUDENT’S NEW FOOTWEAR ENTERPRISE

Edward Abbey, author and environmental advocate

A university graduate who created trainers from recycled Formula One tyres in his bedroom has launched his new business, Compound Footwear. Alex Witty, from Bath, began making products from his bedroom on campus at University of Brighton during the Covid-19 lockdown by melting seaweed in panini presses.

ALBION CONTRIBUTES £600M TO LOCAL ECONOMY

Compound’s motorsport-inspired trainers are made from used race tyre rubber combined with recycled natural rubber to create the soles.

The uppers are made from waste leather and recycled polyester lining and laces. At the end of their natural life, Compound Footwear trainers can be recycled into 100% reusable raw materials to make new shoes and products.

An independent report by Hove-based consultants Marshall Regen has stated that Brighton & Hove Albion FC contributed – directly and indirectly - around £612m to the local economy during the 2022/23 season.

The main beneficiaries were the city’s pub and hotel trade, as well as myriad local suppliers. The club’s – and therefore the city’s – new global reach was also highlighted.

He launched his new business on October 24th with a Kickstarter campaign.

When the club was in front of the Stadium Public Inquiry in 2003, it claimed £23m per annum would be added to the local economy.

This claim was laughed out of the room by the opponents of the stadium, and the Planning Inspector leading the Inquiry.

Who’s laughing now?

❛❛ The politicians say ‘we’ can’t afford a tax cut.

Maybe we can’t afford the politicians ❜❜ Steve Forbes, editor-in-chief of Forbes Media

TEAM EMC COMPLETES THREE PEAKS CHALLENGE On the October 17th eight brave (foolish) members of the EMC Corporate Finance team completed the infamous Three Peaks challenge, climbing the highest peaks in Scotland, England and Wales within 24 hours.

The challenge was to raise money for two local charities close to Platinum’s hearts, The Rockinghorse Children’s Charity and The Starr Trust.

EMC wishes to thank all those who supported and donated.

Contributions on the back of the Challenge are in excess of £5,700.

For anyone still wanting to donate the link for the GoFundMe page is: www.gofundme.com/f/emc-take-on-the-24-hour-three-peaks-challenge

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BUSINESS

Over 150 local leaders from across the region discussed the future of the South East’s economy at the second London Gatwick Economic Summit on November 16th at the Gatwick Hilton

LOCAL ECONOMY, GLOBAL OPPORTUNITY

150 local leaders attend London Gatwick’s second Economic Summit Business and trade minister, Kevin Hollinrake MP; the airport’s CEO, Stewart Wingate; and new London Gatwick Chair, Baroness Margaret Ford of Cunninghame OBE, all led debates at the event.

Minister Hollinrake highlighted that London Gatwick’s economy is a key gateway to the UK for both tourists and overseas investors, and that partnership working across all sectors and industries offered the opportunity to grow the economy further.

Baroness Ford led a discussion on the economic advantages delivered through improved infrastructure, including showcasing the opportunities London’s new Elizabeth Line provided for local people and the local economy.

Stewart Wingate highlighted the airport’s own plan to improve its infrastructure by bringing its Northern Runway into routine use, alongside the Main Runway.

The plan would deliver 14,000 new jobs and inject a further £1 billion into the region’s economy every year.

Stewart also announced that London Gatwick will support an Invest Gatwick Diamond stand at UKREiiF 2024 in Leeds. This platform will showcase the region’s investment potential among over 10,000 global industry professionals attending, including investors, developers, occupiers and agents, all working in the global real estate and infrastructure community.

London Gatwick instigated the inaugural economic summit last year to bring together key stakeholders to discuss driving long-term, sustainable economic growth and future inward investment, following the impact the pandemic had had on the region. As an economic anchor for the region, London Gatwick is committed to being a partner and advocate for a thriving, resilient economy – a core goal in the airport’s Second Decade of Change sustainability policy.

Alison Addy, Baroness Margaret Ford and Richard Lennard

London Gatwick Airport CEO Stewart Wingate welcoming the attendees

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BUSINESS

❛❛ The plan would deliver 14,000 new jobs and inject a further £1 billion into the region’s economy every year ❜❜

Alison Addy, Head of External Engagement and Policy, Gatwick

Richard Lennard, Economic Partnerships Manager, Gatwick

Baroness Ford speaking with David Rowe, Director of Investment Delivery Planning, Transport for London Delegates attending this year’s event at the airport’s Hilton Hotel included those representing local authorities, businesses, developers, education providers, and business forums from across the South East.

Stewart Wingate said: “Our Economic Summit is designed to find new ways to unlock the region’s long-term economic potential. It was great to see so many of the South East’s top economic and business leaders in one room. Our region has many economic benefits to offer investors, and I’m delighted that London Gatwick is helping showcase these at one of the country’s premier investment events.”

Brett North, Chairman of Gatwick Diamond Initiative, said: “What a great conference! I had the privilege of participating in the international connections panel discussion. Home to 45,000 businesses and 500 global businesses with a GVA of £24 billion, the Gatwick Diamond economy outperforms most of the UK’s top cities.

“Local business leaders recognise the critical role that London Gatwick plays as a vital piece of national infrastructure, and it was great to see such a range of partners coming together at the airport’s second Economic Summit.

Louise Punter, CEO of Surrey Chambers of Commerce chatting with Maarten Hoffmann, CEO, Platinum Media Group There was great energy in the room and many opportunities were discussed that will help drive regional economic growth across the Southeast, including by creating new, vital international connections.”

Kevin Hollinrake MP, Business and Trade Minister

www.gatwickairport.com investgatwickdiamond.co.uk

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BIG STORY

EVERYDAY ITEMS Looking back at Tomorrow’s World Technology is very much an everyday 21st Century construct. Rewind 50 years or more, and technology was for people in white coats, for nerds, for people whom you’d be fascinated by and scared of in the pub.

By Alan Wares

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BIG STORY Today, given its omnipresence, technology is for everyone, and – in the western world, at least – is unavoidable. While the world of centuries past made use of tools, gadgets, implements and machinery that worked and lasted for years, decades or even centuries, there are so many artefacts in modern living that have a shelf life of virtually no time at all.

For example, what could your mobile phone of 15 years ago do?

Does this rapid evolution mean anything? There must a reasons why advancing (and is every technological break through or disc over y an ‘advanc e ment ’ ?) te c hnolo g y is increasing in pace. Human achievement is one motivator, although financial reward is never far behind.

Money can be quite the inspiration, but is that the sole driver?

Today, the white coats have gone, but the innovators still often revel in the ‘nerd’ tag, and they probably still scare and fascinate down the craft ale pub.

One source of inspiration for technological advances - mostly for domestic communications and everyday life – is science fiction, both in literature and on screen. The connection between them isn’t always metaphorical.

the folding screens found in other sci-fi films such as Minority Report, Total Recall or Blade Runner; films not un-coincidentally based on books by American author Philip K Dick.

Not everything has a vital function.

Certain gadgets have been specifically designed to replicate fictional technology. In 2016, Nike produced a limited run of self-lacing shoes modelled after those featured in 1989’s Back to the Future Part II. This product wasn’t just a fun gimmick: Nike partnered with Michael J. Fox, who played Marty McFly in the Back to the Future trilogy, to raise money for his foundation to fight Parkinson’s.

While necessity may be argued as being the mother of invention, how many advances have been ‘necessary’, and how many have been purely commercial?

Platinum takes a look at just a small number of recent – i.e. post-war – household and everyday items, some of which have gone through generational upgrades into something quite unrecognisable from the original ‘v1’. It also looks at those which crashed and burned upon delivery into the world, and are now held up as a future warning to innovators everywhere.

The classic Star Trek series features several everyday technologies that seemed far-fetched in the 1960s: video calls, automatic sliding doors and flip phones. These last are already becoming a thing of the past, but the rise of foldable smart phones evokes

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BIG STORY

TELEPHONE If anything represents technological advances, it’s what was once called a telephone, and now referred to as – somewhat euphemistically, given its broad versatility – a mobile phone.

Making its public appearance in 1876, the telephone has seen many interpretive changes in its 147-year history. The flat, black plastic and glass item you have in your hand is about as far removed technology-wise from its 1876 version as it can get. And yet its core concept, allowing two people a considerable distance apart to verbally communicate via a series of electric pulses, has remained largely unchanged.

The claim to be the telephone’s inventor is somewhat controversial, and surrounded in a foggy mystery. History dictates that Alexander Graham Bell ‘invented’ it. However, his claim to fame was that he was the person who took out the successful patent. A revision, or rather a re-appraisal, of the facts would point to Elisha Gray being the real inventor, with him having done most of the heavy lifting in making his system work.

But such was the pace of technology – even in the 1870s – that Bell was so enthused by this contraption that he confidently predicted that, “one day, every city in America will have a telephone.”

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Fast forward 100 years, Michael Rodd demonstrated a prototype ‘mobile phone’ on BBC’s Tomorrow’s World in 1979. It was merely a handset, connected to a radio walkie-talkie. The technology worked well – albeit for the limited Home Office allowance the test undertook. However, seeing as the communication took up valuable radio wavelengths bands, the Post Office, which ran communications on behalf of the Home Office at the time, were less than enthusiastic to release those bandwidths. Even CB radios, which operated on the same wavelengths, were still outlawed.

It took a different technology about 10 years later, and pioneered overseas, for the first commercially successful mobile phones to become available.

Bricks for phones and suitcases for batteries, anyone?

Today, your mobile phone is, depending on the configuration n a telephone n Clock / stopwatch / timer n Camera - video and stills n Dictionary n Library n Music centre n Encyclopedia n Train timetable n Atlas / map n GPS / SatNav (a military invention which they finally let the public have) n Gaming console n Shopping device n Ticket n Calculator n Document scanner n Torch n Language translator We are going to run out of pages if we attempt to list everything else it can do. These are just some of the basics.

What will the mobile phone of the future look like? Given that if there is anything left to add to your hand held computer (which is what it is, really), delegates at Sussex Tech Week may well be looking into that now.

BIG STORY

COMPUTER MINIATURISATION When one thinks of early electronic computers, one is probably drawn to the images of Alan Turing’s ‘bombe’ decoding machine, the huge leviathan that helped cracked encoded German messages sent via the Enigma machine during World War II. Each ‘bombe’ was about 7’ (2.1m) wide, 6’6” (1.98 m) tall, 2‘ (0.61m) deep and weighed just over a ton.

As the decades passed, computers became more and more physically miniaturised, without losing their power.

Number crunchers have long sought to compare the power of the NASA’s computer in the 1960s to the power of a modern day iPhone. So... we are going to do the same.

On board Apollo XI – the programme that landed Neil Armstrong and Buzz Aldrin on the moon in 1969 – was a computer which had 2,048 words of memory – or RAM. Each word comprised 16 binary digits (bits), meaning the Apollo computer had 32,768 bits of RAM memory. In addition, it had 72KB of Read Only Memory (ROM) – memory that is programmed, and cannot be changed once it is finalised – which is equivalent to 589,824 bits.

By contrast, today’s mobile phones typically have 4GB of RAM. This is more than one million times more RAM than the Apollo computer had. The iPhone also has up to 512GB of ROM, or 4,398,046,511,104 bits, which is more seven million times more than that of the guidance computer.

In short, you wouldn’t have been able to get this article into the Apollo XI’s computer. If NASA had placed a 2020s home computer into Apollo XI, the computing times and user interface would have been easier and quicker.

However, what it would not have done is sped up communications with Earth.

The time it takes to communicate is the same today as it was in 1969; the speed of light.

❛❛ Today’s mobile

GAMES CONSOLES It may look horribly dated now, but Pong, released by the then-new company Atari, was the first electronic game that really caught the public imagination. Originally released as a video arcade game, this two-dimensional simulation of table tennis was the very first arcade game that could be played on home electronic equipment.

phones typically have 4GB of RAM. This is more than one million times more RAM than the Apollo computer had.❜❜ November 1975, and became the standard for home electronic and computer games.

It set the scene for all home electronic games systems, including the likes of Nintendo and PlayStation which followed later, and – especially by retro-lovers – is still played years since its first launch.

First released in November 1972, such was its success that, despite Atari struggling with its lack of resources to fulfil its order books, it immediately started working on a home console prototype, one that plugged directly into a television.

Home Pong was released in

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BIG STORY

❛❛ While Betamax

was believed to be the superior format, consumers wanted an affordable VCR. ❜❜ SINCLAIR C5 We can’t have a rundown of gadgets from yesteryear without mentioning the Daddy of all marketing gaffes; the turkey that got stuffed; the epic hero of all-time failures…

50 YEARS OF ILLUMINATED DASHBOARDS Read any motoring reviews, including those by Maarten Hoffmann in this magazine and, much as reviewers love comfort, performance, speed, handling and so on, many get distracted by excessive electronic gismos. To the discerning motorist, engineering is King.

However, many pieces of electronic hardware have been placed in the car for safety, and therefore have their place.

For example, science correspondent James Burke filmed a piece for BBC’s Tomorrow’s World in 1971 where he is driving a Triumph Dolomite which cost £55,000 (about £958,000 today). What justified the twenty-fold increase in cost? The car was bedecked with warning hazards that informed the

BETAMAX Betamax was first released in May 1975 by the Sony Corporation of Japan.

While many considered this video cassette player and recorder superior to its VHS competitor (which came along a year later), it came with a higher price tag. In the end, consumers chose the cheaper VHS model, and the movie industry followed suit, leaving Betamax in the technology dustbin.

What Sony did not take into account was what consumers wanted. While Betamax was believed to be the

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driver if there was something wrong with the car.

Today, of course, every car has dashboard warning lights, albeit far more appropriately sized, and it hasn’t increased the cost of the car by a factor of 20.

So what is excessive? Hopefully, Sussex Tech Week may touch on finding some answers for what future transport may hold. Why, for instance, are electronics so mesmerising for so many car drivers, yet virtually non-existent on, say, public transport?

superior format in the minds of the public and press (due to excellent marketing by Sony), consumers wanted an affordable VCR (which often cost less than a Betamax player).

As a result, other manufacturers were allowed licences to make V HS machines, and in very little time, it was beating the Betamax format hands down.

Despite losing out to the

Despite the C5 being the prototype for current (no pun intended) electric vehicles, and all of the possibilities that has since entailed, it failed on almost every level. For a start, the design was horrendous; a go-kart without much ‘go’. Its range was 20 miles, if the embarrassment hadn’t got to you before you got that far. Its low-slung body made it seriously dangerous, especially as it was marketed as a car.

Who would ever feel safe on the road, on an electric tricycle, doing a maximum of 15mph while your backside is a mere five inches off the ground?

Worst of all, Sir Clive Sinclair, its otherwise brilliant inventor, was hardly the epitome of cool when marketing his three-wheeled glorified mobile potty.

Still, sales of college scarves remained buoyant.

VHS format, Sony carried on producing Betamax machines until 2002, and sell Betamax cassettes until 2016.

Subscription services to myriad TV channels now seems to be winning the home entertainment war; VCRs mostly down to obsolete technology and quality - have gone, as for the most part have their successor, the DVD. Where will home entertainment go next? Popping along to Sussex Tech Week may provide the next clues.

BIG STORY

YESTERDAY’S FUTURE In 1989, Tomorrow’s World made a series of home life predictions of how we would be living in 2020. Given the increasing pace of technology, this was bold. However, many of their predictions were unerringly accurate.

David Button from Pilkington Glass let us know about the new innovations in glass, including diffusion, lightemitting and touch screens; again fairly widespread now.

Voice controlled heating or sound are commonplace. Smart heating and lighting systems, which turn off and on when you enter or leave a room, and controlled from a remote panel (your mobile, for instance), as well as highlighting clutter-free living from music, entertainment and wiring.

The programme also foresaw changes in lifestyle we would need to make in terms of the climate and fossil fuels

use. While it didn’t offer an alternative – wind, tide and solar energy production were still in their infancy then – it’s striking that, over three decades since that broadcast, we are still having to argue the point over the necessity of renewable energy, with too many refusing to accept the evidence.

❛❛ AI has the

potential for good, while it is also a cause for concern. Friend GOING FORWARD or foe? Embrace Is there any point in predicting how we it or deny it? ❜❜ will live our lives in 2053 – 30 years from now? On the current path much of society is taking, there would be little point. But assuming politicians do actually bother to wake up, smell the coffins, humanity can turn its own corner and repair much of the damage This isn’t intended as a warning against a dystopian future in the J.G. Ballard mould. If we wanted to, we could all mitigate against future problems, and use technology in more imaginative and altruistic ways. If we wanted to.

The next technological issue under discussion off the taxi rank is Artificial Intelligence. Many column inches have been written on AI, and not just

in scientific publications; such is its immediate importance, this business magazine has carried several articles on this subject.

There is even an AI creation – ‘Hope Sogni’ – looking to stand as the next President of FIFA, the world’s football governing body. And ‘she’ couldn’t do any worse than the current incumbent.

AI has the potential for good, while it is also a cause for concern. Friend or foe?

Embrace it or deny it? Sussex Tech Week in June 2024 will seek to tackle, debate and clarify many concerns, issues and opportunities – preferably for the collective good.

‘Hope Sogni’ – the AI creation built to run for the FIFA presidency

BUSINESS

In 2023, MDHUB turned 21. MDHUB Directors Fiona Shafer and Phil Green took the opportunity to bring the MDHUB team, current membership and alumni together to celebrate.

By Millie Green, MDHUB Social Media Lead

MDHUB Award Winners 2023 We raised a glass of Ridgeview (a huge thanks to Laquna and R&D tax for sponsoring our drinks!) and toasted our achievements at the stunning Balcombe Place.

As par t of the celebrations, we welcomed fantastic speakers MDHUB alumni Giles Palmer, Mamta Patel and Matt Barker to share experiences and anecdotes from their time at the top of some of the most successful enterprises of the last 20 years.

One of our favourite parts of the event was giving out our annual awards to eight exceptional leaders. Being part of the senior leadership team of any business is hard and often unseen work, so it was a pleasure to acknowledge and celebrate their efforts.

Our first award was The Disruptor Award, sponsored by nTrust, celebrating the best use of technology to break new boundaries. We were thrilled to present the award to Davies Roberts at Flare Audio for his engineering

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prowess and ability to spot gaps and explore solutions in a very competitive market. Despite being a new member, Davies has already made a huge impact on Rob Day and Helen Bailey, facilitators for MDHUB, who commented on his ‘extraordinary‘ leadership and generosity.

by Flare Audio, celebrates bold and successful business transformation.

For ROCC, this change came in the form of Pete Luck, this year’s winner of the Alchemist Award. With fresh ideas, compassion and logic, Pete has helped ROCC flourish into the business it is today.

Sustainability is essential to good business. The Futureproof Award, sponsored by Cheesmur Building Contractors, celebrates the efforts of one leader to minimise environmental impact in their business. For the Aldenham Estate, sustainability is a key priority, so it was a pleasure to present this award to Jessica Allen-Back.

Moving away from arable farming towards renewable energy and environmental land management, the estate have plans to create a 200 acre managed habitat site, allowing local businesses to invest in habitat creation.

Good management is the glue that holds a team together. The Lioness Award, sponsored by Brightec, celebrates the efforts of a leader to foster a happy and productive team.

This year, we were thrilled to present Rosie Freshwater, MD at the Secret Linen Store with the award. Despite only recently joining the business to help focus on strategy, Rosie’s drive and thirst for knowledge have quickly helped her to pull the team together towards a unified vision for the business.

Sometimes, a radical change of direction is necessary for a business to thrive. The Alchemist Award, sponsored

Growing a business is exciting, but it can feel like you’re losing control.

The Born to Run award, sponsored by DMH Stallard, celebrates a business

BUSINESS

leader who has generated exciting but sustainable growth in their business.

This year, it was a pleasure to present Wonderpack Eco’s Steve Ettridge with the award. Since Steve joined the business as Operations Manager, Wonderpack’s Burgess Hill branch has reached capacity, and he has recently overseen the acquisition of a new warehouse.

Good support is key to effective leadership. The Best Supporting Act Award, sponsored by LMS group, celebrates an exceptional colleague who keeps things going behind the scenes, leaving the business owner free to lead the business. This year, it was the unwavering support of Josh O’Riordan that earned Best Supporting Act. Andy Ferrett had been feeling burnt out after a gruelling few years of business, so took a step back to recuperate, leaving Josh to take care of things in his absence. Not only did Josh thrive in the role, he also suggested Andy take a further four weeks off, meaning Andy was fully rested and excited to get back to work.

❛❛ Above all, we are grateful to our dynamic and talented members: you inspire us to do better every day ❜❜ Our penultimate award of the night was Leader of the Year, sponsored by TEK Express. We were thrilled to award Cameron Fry at Liqui Group with this accolade for 2023. Facilitator Helen Bailey put it best: “Cameron cares deeply about his family, his people and his clients and he never loses focus.”

Liqui Group’s success as a design studio is down to Cameron’s dedication to his team and his clients, and it’s a real pleasure to see him succeed.

by Nordell. It was a real pleasure to give the award to Bill Taylor, MD of Design Specific. Bill was with us at the start while working for Brighton Sheet Metal, and is still an active and much-cherished member today. He has provided endless ideas and has given his time generously on our advisory board.

Thank you Bill for your longstanding and unwavering support for MDHUB. We’ve come a long way from our days operating as the hub100 in 2002, supporting the 100 fastest-growing businesses in Sussex. With a membership that stretches from Sussex to London to the Channel Islands and a whole team of facilitators, we’re so proud of what we have achieved in 21 years. Above all, we are grateful to our dynamic and talented members: you inspire us to do better every day.

As part of our 21st birthday celebrations, we had a special award for Longest Standing Member, sponsored

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BUSINESS

THE MDHUB LEADERS AWARDS 2023 1. THE DISRUPTOR AWARD

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6. LEADER OF THE YEAR AWARD

For the leader who is using technology to break new boundaries.

Sponsored by Russ McKenzie of nTrust WINNER: Davies Roberts of Flare Audio

For the outstanding MD or CEO of the year.

Sponsored by Sam Francis of TEK Express WINNER: Cameron Fry of Liqui Group

2. THE FUTUREPROOF AWARD

For the leader who has transformed their business for the better in 2023.

Sponsored by Davies Roberts and Naomi Roberts of Flare Audio WINNER: Peter Luck of ROCC *(Ronni Patel of ROCC collected the award on behalf of Pete Luck from Naomi Roberts of Flare Audio )

7. THE ALCHEMIST AWARD

For the leader who is a driving force behind minimising environmental impact and having a profound impact that goes beyond commercial engagement for the wider community for the greater good.

Sponsored by Steve Hayman of Cheesmur Building Contractors WINNER: Jessica Allen– Back from The Aldenham Estate in Hertfordshire

3. THE LIONESS AWARD

For the leader (of any gender) who has created an exceptional, happy and high performing team.

Sponsored by Andy Ferett and Josh O’Riordan of Brightec WINNER: Rosie Freshwater of The Secret Linen Store

4. THE BORN TO RUN AWARD

8. OUR 21ST BIRTHDAY AWARD

For the longest standing MDHUB member.

Sponsored by Paul Mason of Nordell WINNER: Bill Taylor of Design Specific

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For the business leader who is creating and demonstrating exciting and fast but sustainable growth in their business.

Sponsored by Jonathan Grant of DMH Stallard WINNER: Steve Ettridge of Wonderpack Eco

5. THE BEST SUPPORTING ACT

For the exceptional colleague behind the scenes who helps keep it all together to allow you as the business owner to lead and effectively thrive.

Sponsored by Luke Mead of LMS Group WINNER: Josh O’Riordan of Brightec

Above Ronni Patel of ROCC collected the award on behalf of Pete Luck (pictured right) from Naomi Roberts of Flare Audio

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BUSINESS

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ALL PHOTOS: K AROKI LEWIS

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If you are interested in finding out more about the MDHUB, please visit www.mdhub.co.uk Email MDHUB Directors: Fiona Shafer: fiona@mdhub.co.uk or Phil Green: phil.green@mdhub.co.uk

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FINANCE

Despite the challenging economic environment, business owners continue to seek a commercial mortgage to fund the purchasing, expansion, renovation or refinancing of commercial premises, writes John Walsham, Business Development Consultant of Kreston Reeves

UNLOCKING COMMERCIAL MORTGAGES A commercial mortgage can allow a business owner to seize growth opportunities that would otherwise be out of reach. But, as with all borrowing, there will be conditions attached.

Owning a property offers businesses greater control and flexibility whilst shielding them from increasing rents. It also offers flexibility to modify a building to better suit the business and to let redundant parts of a building adding additional revenue streams.

Finding the right premises can, however, take time, although it is not uncommon for the property’s freeholder to consider selling property to an existing tenant. It is a conversation that should not be overlooked.

❛❛ Owning a property offers businesses greater control and flexibility whilst shielding them from increasing rents ❜❜ 22

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Commercial mortgages typically come with longer repayment terms, often up to 20 or 30 years. This extended timeline allows for manageable monthly payments, reducing financial strain on a business.

Business owners can expect commercial mor tgage lenders to provide a commercial mortgage of up to 65% of the value of the property.

However, a lender will also want to understand your business plan and financial projections which will be reviewed in conjunction with your current trading performance.

The lender will always review the quality of the asset being purchased via an independent professional valuation. This will include a review of the quality of any tenants in situ.

In addition, you can expect that valuation to also include a review of environmental considerations such as energy rating and contamination.

We would expect some lenders to offer more favourable interest rates for a highly energy efficient building and, conversely, may not be willing to offer finance for those buildings with poor energy efficiency ratings.

It is important to consider whether the asset is to be purchased through the existing trading company or whether an alternative structure should considered, such as a separate p ro p e r t y o r h oldin g c o mpany.

Your accountant can advise you on the best structure.

Even where the tenant is effectively the buying business (operating company or proper ty company structure), a commercial lease reflecting the value of the property will be required between the two entities. The lender will structure their lending by taking into account the annual income under the terms of the lease which,

FINANCE

on occasion, can mean a loan offer well below 65% loan to value. If the tenant is a third party, then the same assessment is made as it is the tenant income which will primarily cover the loan repayments.

In the event of a shortfall in the desired funding, lenders may ask the trading company for a guarantee to support the lending request to increase the funding available.

Additionally, lenders will look to tie in key individuals in the business via personal guarantees for at least 10% of the loan amount to ensure continued commitment to deliver upon the financial projections.

Following a satisfactory valuation, business owners can expect a formal loan offer. It is important to seek both fixed and variable loan offers and make a choice dependent on your views of future base rate levels.

❛❛ Buying and holding commercial property is complex. Business owners are advised to speak first to an accountant and solicitor ❜❜ Recognising the number of third parties involved you can expect fees to be payable to a number of professionals including a valuer, solicitor, accountant and the lender.

The lender’s fee will tend to be a percentage of the loan amount, and can be between 1.5% to 3%.

Buying and holding commercial property is complex. Business owners are advised to speak first to an accountant and solicitor before starting negotiations and opening discussions with lenders.

To learn more about commercial mortgages, please contact John Walsham: Email: enquiries@krestonreeves.com Call: 0330 124 1399 Visit: www.krestonreeves.com

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SUSSEX

TECH WEEK JUNE 3RD – 5TH 2024 THE BRIGHTON DOME AND CORN EXCHANGE

... AND ANNOUNCING THE 2024 SUSSEX TECH AWARDS EDUCATION n EMPLOYMENT n COMMUNITY n INVESTMENT

A PARTNERSHIP BETWEEN

PLATINUM ME DIA GROUP

A I

I N N O V A T I O N S A I P O L I C Y E M B R A C I N G 5 G B I G D A T A D I G I T A L T R A N S F O R M A T I O N T E C H P O L I C Y & G O V E R N A N C E G A M I N G E V O L U T I O N X R & T H E M E T A V E R S E A U G M E N T E D R E A L I T Y D I G I T A L E D U C A T I O N T H E F U T U R E O F E D T E C H I M M E R S I V E T E C H N O L O G Y T H E S T A T E O F W E B 3 D I G I T A L O W N E R S H I P T E C H H R C H A L L E N G E S D I V E R S I T Y I N T E C H B R I D G I N G T H E S K I L L S G A P C Y B E R S E C U R I T Y T E C H F O R G O O D G O V E R N M E N T S T R A T E G Y

IN ASSOCIATION WITH

FOR MORE INFORMATION: INFO@PLATINUMMEDIAGROUP.CO.UK

WHAT ARE WE PROPOSING? The partnership will fund, organise, host and deliver an exciting and engaging week-long event for the Sussex digital, media and tech community. The aim will be to celebrate the achievements of the local creative tech industry, showcasing the Sussex area as a hub for innovation on a national level.

The event will bring existing ecosystem groups together, foster and enable commercial ambition in local tech businesses (especially start-ups and scale-ups), and inform, educate and provide unrivalled networking opportunities for professionals, investors, job seekers and enthusiasts alike.

With the Sussex tech sector valued at over £1 billion and rising, this is an ecosystem that should be recognised, united and celebrated.

“With the Sussex tech sector valued at over £1 billion and rising, this is an ecosystem that should be recognised, united and celebrated”

“A mixture of cement and charcoal powder could enable houses to store a full day’s worth of energy in their concrete foundations”

KEY THEMES

n Creativity & tech combined n Collaboration and partnerships n Tech for good n Digital skills driving tomorrow n S tart up – Scale up n S tart up investment n Innovation n Community

POTENTIAL ITINERARY

n The week will start with an opening ceremony featuring local dignitaries, industry leaders, government ministers and highly influential speakers. n Keynote presentations by renowned experts in technology, innovation and entrepreneurship to set the tone for the event. n Host a panel discussion on emerging tech trends, challenges and opportunities. Experts from different sectors will be invited, including academia, industry and government.

TECH EXHIBITION AND STARTUP SHOWCASE

Throughout the week, we will run a large-scale tech exhibition taking up the entire length of the Corn Exchange, where local, national and international companies, startups, and tech enthusiasts can showcase their latest products, services and innovations.

We will host a startup showcase where promising local startups pitch their ideas to a panel of judges and investors.

A networking event where professionals from the local tech industry can connect, collaborate and build partnerships.

WORKSHOPS AND SKILLS DEVELOPMENT

n There will be a series of workshops and training sessions on various tech-related topics, such as coding, web development, data analytics, artificial intelligence and blockchain. n We will invite industry professionals and experts to conduct the workshops and share their knowledge and experiences. n We will host a jobs fair where companies can showcase their employment opportunities, and job seekers can explore career options in the tech sector.

HACKATHON AND DEVELOPER CHALLENGES

n Conduct a hackathon where teams of developers and programmers compete to create innovative solutions within a specific time frame. n Organise developer challenges focusing on specific technologies or problem domains to encourage collaboration and innovation among participants.

CLOSING CEREMONY AND AWARDS

Wrap up the Tech Week with a lively closing ceremony that highlights the achievements and successes of the event.

AWARD CEREMONY

The 2024 Sussex Tech Awards will be the first of its kind in the region and will celebrate the huge achievements of the sector during a top professional, celebrity hosted show.

There will be fifteen award categories up for grabs with an audience in excess of 1800 guests who will enjoy a sumptuous dinner followed by a show designed to be fun, energetic and hugely entertaining, whilst recognising the very best companies and innovations in the UK.

FOR MORE INFORMATION: INFO@PLATINUMMEDIAGROUP.CO.UK

THE SUSSEX TECH AWARDS 2024 The final act of the Sussex Tech Week will be the presentation of the first ever Sussex Tech Awards.

These awards are designed to recognise and reward the highest achieving and most notable tech companies in Sussex, those with a unique product or service or those making inroads into new tech designs, and driving the sector forward.

The Awards will take place on the main stage on the final evening with over 1800 guests in attendance and fifteen trophies on offer, with fifteen sponsoring companies who will be judging.

The awards are produced by the leading event production company in the UK, Platinum Media Group, who produce highly professional awards events that lead the industry.

Platinum is also the publisher of the largest circulation business magazines in the UK, reaching over 720,000 readers each and every month across the South East.

The Platinum events are the most professional we have ever attended Heathrow Airport

What a brilliantly organised awards event.

The quality of the entire evening was exceptional Morr & Co

SPONSOR BENEFITS Sponsoring the Sussex Tech Awards is a fantastic opportunity to demonstrate your commitment to recognising and supporting business excellence throughout the region and meeting face to face with a range of businesses in the £1 billion Sussex tech cluster. Benefits include: n Exclusive sponsorship of your chosen category n The right to judge your chosen category and meetings with senior representatives n Company logo on the event website with a back link to your home page n Credit on e-mail marketing mail shots to the extensive database n Mentions in regular posts across social media platforms n A full-page feature on the sponsoring company within Platinum Business Magazine (South East) and Surrey Business Magazine n A VIP table for 10 guests at the ceremony positioned in the VIP front rows n Company name-check in the event welcome speech

n Company logo displayed on hi res digital screens during the awards dinner n Company logo displayed on the video created for your category n Company name/logo engraved on the trophy for your category

n Live presentation of the trophy to your winner and an official photo n The opportunity to network with over 800 of the region’s leading companies n Countless press and media coverage

FOR MORE INFORMATION: INFO@PLATINUMMEDIAGROUP.CO.UK

Conference offers spark of creativity as Artificial Intelligence (AI) tsunami flows into business world

THE CREATIVE EDGE AI’s ’breakout year‘ guaranteed a good attendance at the Bayes conference, which took place at the Bayes Business School, central London on November 22nd.

It discussed the technology’s likely impact on businesses which can leverage creativity and AI for strategising and problem solving.

Neil Maiden, Professor of Digital Creativity at Bayes Business School (formerly Cass) and Director of the National Centre for Creativity enabled by AI (CebAI), noted that interest in AI had “exploded” since the launch of ChatGPT almost a year ago. However, he added that leaders of small and medium enterprises (SMEs) in particular – and the consultants who advise them – need to consider how to integrate creativity and creative thinking into the ”AI tsunami” descending on business.

“Is AI just for the productivity and efficiency of your business or is it to think more radically around business, business models and strategy?”

“Is AI just for the productivity and efficiency of your business or is it to think more radically around business, business models and strategy?” Professor Maiden asked.

He said, “Even before this AI explosion, there was a shortage of people with creative skills and mindsets – the ability to think creatively when developing business strategies.

We’re not educating people for those creative skills.

Additionally, there is something about the word ‘creativity’ that worries people, that makes them feel it doesn’t apply to them.

“AI solutions need to support creative thinking – not automate it.”

The conference, ‘The Creative Edge: AI & innovation for business leaders & consultants’, saw Bayes and CebAI launch a groundbreaking digital service that addresses some of those issues.

Business Sparks uses AI technologies to stimulate creative thinking by SMEs and consultants about business models and strategies. Bayes and CebAI have drawn on several years of their own research to design new forms of cocreative AI tools that can form novel outcomes which stimulate people to be more creative in their work. Content generated by the tools draws on the vast business expertise of Bayes academics.

Professor Maiden said, “This service means we can equip businesses with new creative thinking capabilities about their business models and strategies. Not only do these capabilities address a strategic UK need, but Business Sparks delivers it in ways that are transparent and controllable by businesses.”

Users can also tap into Bayes’ Executive Education short courses and consultancy services.

Professor Maiden concluded, “The creativity tools that CebAI is developing will certainly give a competitive edge.

If businesses apply them together with practical learning, they will benefit from powerful and long-lasting change in their business.

“AI is an impressive tool. A tool that is operated by humans.

Business leaders need to invest in both humans and AI to ensure this powerful new technology delivers its full potential.”

THE BAYES HISTORY Bayes Business School (formerly Cass) is a leading global business school driven by world-class knowledge, innovative education, and a vibrant, diverse community. The School has been at the forefront of business education for more than 50 years, developing leaders who help businesses thrive through change and uncertainty.

The new name replaces Cass Business School.

In June 2020, there was increasing awareness of the links between Sir John Cass and the slave trade, which made the School, and its stakeholders, reflect on whether such a link was consistent with the School’s values. The School decided that, in line with its values and principles, it should change its name and increase its focus on diversity, equity, and inclusion.

FOR MORE INFORMATION: INFO@PLATINUMMEDIAGROUP.CO.UK

INNOVATION

On the morning of Thursday November 30th, Sussex Innovation hosted the first in an ongoing series of pitch events, part of a new investment programme delivered in partnership with the University of Sussex

KEEPING IT LOCAL: UNIVERSITY OF SUSSEX BUSINESS ANGELS A group of 30 investors watched presentations from the first five businesses to par ticipate in the University of Sussex Business Angels programme, which includes founders from among the University’s staff, students and alumni, as well as

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members of the Sussex Innovation community. The pitches included several businesses focused on social impact innovations, and emerging technologies spun out from academic research.

INNOVATION

SIMON CHUTER Head of Investment Services

I’m delighted to return to the Sussex Innovation team to head up the USBA programme, and this first pitch event has been a great showcase for the range of exciting businesses that we can introduce to local investors. There were some promising conversations happening during the networking portion of the morning, and I look forward to seeing some of those relationships develop fur ther in the coming weeks and months.

I’m enjoying meeting all the other passionate people who want to join us on this journey. One of our aspirations

People with a connection to Sussex are ❛❛ overwhelmingly keen to invest in their region, and support the great ideas that are being developed here ❜❜

NIGEL LAMBE CEO When I became CEO of Sussex Innovation four years ago, one of the first things that I did was to canvass our membership community and find out more about what they needed, and how we could support them. We do a great job helping SMEs and start-ups be more sustainable and impactful, but I was quickly made aware of the many companies in our ecosystem who are seeking investment for the next stage of their growth.

Of course, many of our members have been able to successfully raise the finance to grow in the past. In many cases, we have helped to point the right investor towards the right opportunity. However, it has always been more of an informal process.

I’ve been eager for us to find an approach that works and that can help us to match more opportunities with the local investment community.

‘Local’ is the key word here. People with a connection to Sussex are overwhelmingly keen to invest in their region, and support the great ideas that are being developed here. That’s why we approached the University with a plan for an angel investor club built around our world-class academics and vast alumni network.

This focus on our academic and alumni community will help to make the University of Sussex Business Angels (USBA) unique. Every founder

for this venture was to demystify angel investment, attract first-time investors and diversify from the traditional stereotype of a seasoned investor.

For that reason, we don’t invest on anyone’s behalf – any investments that you choose to make will be entirely up to you. We’re also particularly interested in hearing from women and underrepresented groups. So long as you’re “investment curious”, can afford to invest a minimum of £5,000, and care about supporting the best and brightest growing businesses close to home, get in touch.

that pitches to investors will have a connection to Sussex, either as students, staff or alumni of the University, or as members of the Sussex Innovation community. It’s the whole reason that Sussex Innovation was first established back in 1996 – to grow the regional knowledge economy, creating skilled jobs in the area, and keeping the money and the talent here.

We want to see more future success stories in the vein of Enterprise Therapeutics (a biotech spinout that had its portfolio of cystic fibrosis therapies acquired by the multinational Roche) or Iris Connect (an edtech company founded by a Sussex alumnus that now reaches over 50 countries around the world from its headquarters in Brighton).

Sussex has established Centres of Excellence for cutting-edge technology like AI and quantum physics, life sciences including genetics and neuroscience, and research into healthcare, education and sustainability that could have global impact.

It’s our job to help work like this to thrive. At ever y pitch day, we’ll hand pick a few of the most exciting businesses to present their opportunity.

Find out more about University of Sussex Business Angels at www.sussexinnovation.co.uk/ uos-business-angels

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LEGAL

By Nadia Cowdrey, DMH Stallard

Will you resolve to get your affairs in order in the New Year?

Thinking about Christmas usually conjures images of family and friends having fun, but it can also be a time of sadness, remembering those who are no longer with us, or caring for someone who is nearing the end of their life. It is therefore hardly surprising that, by New Year, many of us have resolved to get our legal affairs in order.

So, what does getting your affairs in order look like? There is more to it than simply thinking about your Will. What about Life Insurance, Death in Service Benefit, Inheritance Tax, and what would happen if you became ill and could not

manage your affairs? Effective planning starts with an assessment of your estate, Inheritance Tax position, and understanding which assets pass by Will, and which assets do not. The best place to start is with a specialist solicitor. An initial meeting will usually explore the following points:

What does getting ❛❛ your affairs in order

look like? The best place to start is with a specialist solicitor ❜❜

POWER OF ATTORNEY

Have you got a power of attorney, delegating decision-making during your lifetime? Losing the ability to make decisions can make life particularly difficult for your loved ones, possibly resulting in an application to Court for an order authorising an individual, or Trust Corporation, to manage your affairs. This is a costly and timeconsuming process; a power of attorney can avoid this, and there are several types: n Lasting Power of Attorney for Property and Finance n Lasting Power of Attorney for Health and Welfare n Enduring Power of Attorney for Property and Finance (pre-October 2007) and n General Power of Attorney, although their use is limited On the horizon is the possibility of a Global Representative Power of Attorney, spearheaded by the Society of Trust and Estate Practitioners (STEP) covering morethan one country. This is merely an idea at this stage however and it remains the case that people with assets in more than one country should think about a power of attorney in each country.

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LEGAL

WILL

A surprising number underestimate the importance of consulting a solicitor and leave the process too late. In times of high inflation, and a cost-of-living crisis, it may be tempting to seek a cheap solution.

Unfortunately, ‘cheap’ usually equates to ‘poor service and advice,’ and likely exposes your estate to increased costs later. Successive governments have pledged to simplify Inheritance Tax, but what we have is anything but simple.

Increasing complexity and traps for the unwary make seeing a solicitor essential.

❛❛ Check if your solicitor is a member

of STEP, a specialist organisation for which additional qualifications are needed ❜❜ DEATH IN SERVICE BENEFIT

If you are employed, it’s possible your employer has a life insurance policy covering employees. The scheme administrators have discretion to whom insurance money should be distributed, although they usually follow your nomination form. People often overlook updating the form, particularly after a relation-ship breakdown, and it’s sensible to review the form when making a Will. Fortunately, no Inheritance Tax applies.

LIFE INSURANCE

If you have a mortgage, you probably have life insurance, typically Term Assurance covering a certain period, or Whole of Life which pays out regardless of when you die. Many do not realise that the sum increases their estate and Inheritance Tax may apply. Writing the policy in trust can avoid this and ensure your loved ones have quick access to

money without waiting for Probate.

Most insurance companies provide a range of trust forms although cannot advise which is most appropriate nor how to complete the trust. A solicitor can advise and ensure any sum escapes Inheritance Tax.

YOUR PENSION

You can usually nominate who you want to receive your pension fund when you die, although there are different types of pension and benefits.

Your solicitor will usually liaise with a financial adviser to guide you regarding planning for your pension.

Homemade Wills are fraught with issues, often throwing up issues about construction, adverse tax consequences and validity. It’s curious how much we spend on unnecessary luxuries in life although scrimp on what will be the most important final document. Solicitors add value and take the stress and uncertainty away.

Check if your solicitor is a member of STEP, a specialist organisation for which additional qualifications are needed. They can also put you in touch with lawyers overseas if you have foreign assets.

Although EU Succession Regulation 650/2012 Brussels IV still applies to the UK as a ‘third state’ and you can in theory have one Will covering more than one country, putting it into practice is far from easy, and legal commentary on its effectiveness is divided. The safest course of action remains having a Will in each country you own assets.

Aside from peace of mind, getting your affairs in order will make life a little easier for your loved ones; what better gift at a time of great loss?

E: nadia.cowdrey@dmhstallard.com www.dmhstallard.com

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LEGAL

Corporate Commentary Welcome to this monthly series for business owners, where myself and my team aim to demystify the corporate market and highlight trends in a non-technical manner

Jonathan Grant Partner and Head of Corporate

Liz Gillingham Senior Associate Corporate Team

EMPLOYEE SHARE SCHEMES These provide and allow key employees to have an equity interest in your business, without the risk of creating minority shareholder rights, or recovering shares if the employee leaves. Employees often qualify for shares immediately before a sale of the company (but with all the tax benefits of being a longterm shareholder).

A CHEAPER ALTERNATIVE?

Clients often like the idea of simply making a gift to loyal employees after a sale (“don’t worry, I will look after you”).

This will create a tax problem (avoided by approved options), because the HMRC will regard the payment as derived from the employment relationship, denying capital treatment.

ENTERPRISE MANAGEMENT INCENTIVE (EMI)

Designed for smaller, high growth companies, these have been very popular, with options often granted on an “exit only” basis, exercisable when an exit (sale of the company) occurs. Employees avoid paying Income Tax and National Insurance Contributions on the gain in value between the date the options were granted, and the date the options are exercised (up to ten years). The option period also counts to qualify the employee to business asset disposal relief on the sale proceeds, which reduces the rate of capital gains tax to just 10%.

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BEWARE!

CONCLUSION

EMI rules are complicated, and schemes will fail if paperwork and submission to HMRC has not been done correctly.

If an error is discovered just before sale, the aim of motivating key employees can be defeated.

Implemented correctly, employee share schemes can be a powerful tool in encouraging employee engagement and business success. Planning early and taking proper advice really will save money in the long run.

OTHER SHARE SCHEMES

With thanks to Liz Gillingham for her help in preparing this piece.

Company Share Option Plans (CSOPs): Similar to EMI, these allow for the grant of options over shares, which can be exercised at a future date, without some of the limitations of EMI. Share Incentive Plans (SIPs): These are popular with larger companies, which do not qualify for EMI or CSOPs, allowing employees to buy shares in their employer through deductions from their pretax salary. The shares are then held in trust for a specified period.

If you would like to discuss putting an employee share scheme in place, please contact Jonathan Grant by email E: Jonathan.Grant@dmhstallard.com

Our focus is you Outstanding legal advice for individuals, families and businesses.

For business We make it our business to know your business, working with you to add value and to deliver tailored legal services with energy and creativity whether you’re an established market leader or an ambitious start-up.

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SUSSEX BUSINESS AWARDS 2023 WINNERS ANNOUNCED Around 500 of the county’s leading businesspeople gathered for the annual Sussex Business Awards ceremony held at The Grand Brighton on November 30th.

Guests enjoyed a sumptuous three-course dinner and entertainment before the awards presentation of 16 trophies by TV star and comedian, Mark Watson.

Celebrating 35 years in 2023, the awards are the most sought-after accolade by businesses across every sector in Sussex. This year saw a record-breaking number of entries, with representatives from 19 towns and cities across the county making the shortlist of 60 finalists.

Judges had an enormously difficult task, as the entries were of such a high standard.

Maarten Hoffmann, Managing Director of Platinum Media Group, said: “Each year the standard of entries gets better and better, and this year was no exception.

This year’s finalists are a stimulating mix of established Winning the ❛❛ has businesses and new entrepreneurial ventures, award had a huge with a common thread running through them all impact on our team.

– resilience and determination to succeed.

We’re incredibly excited and are filled with “Congratulations to all the winners!” so much pride! ❜❜ This year’s charity partner was Rockinghorse KINGSWAY CARE Children’s Charity which supports sick babies, Employer of the Year children and young people throughout Sussex.

2023 Attendees on the night helped raise over £11,500 for the charity which will help support its fight to save lives.

The full shortlist and 2023 winners, can be found in the link below: www.platinummediagroup.co.uk/ events/sussex-business-awards/winners-2023

WWW.PLATINUMMEDIAGROUP.CO.UK

PLATINUM MEDIA GROUP LTD #SUSSEXBUSINESSAWARDS

PROUDLY SP

MAGA ZINE

FINANCE

IN AI D O F

❛❛ We’re so proud that our work has been singled out for its quality among other exceptional professional services firms in the county. Thank you ❜❜ RENAISSANCE LEGAL Professional Services Award 2023

PONSORED BY

❛❛ This has raised our profile to a new level.

Being accredited by such a prestigious award will give thousands more children the opportunity to experience our unique camps ❜❜ BIG SCHOOL CAMP Start-up of the Year 2023

THE 2023 WINNERS SUSSEX BUSINESS AWARDS 2023

Business Growth Award

Employer of the Year

Sponsored by Wellesley

Sponsored by Sherrards Employment Law Solicitors

HYVE MANAGED HOSTING

KINGSWAY CARE

Start-up of the Year

Community Hero Award

Creative Industries Award

Sponsored by InspoHub

Sponsored by Rockinghorse Children’s Charity

Sponsored by University of Sussex Business School

BIG SCHOOL CAMP

ELEKTA

Innovation in Business Award

Best Customer Service Award

Sponsored by Sussex Innovation

Sponsored by Handelsbanken

DESIGN SPECIFIC

ALTNETS

ARKE AGENCY

Large Business of the Year

KURT J. LESKER COMPANY Sponsored by MHA

JOIN THE 2024 MAILING LIST

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Professional Services Award

CFO of the Year

Medium Business of the Year

Sponsored by Dynamic Magazine

Sponsored by Ignata Finance

Sponsored by Kreston Reeves

International Business of the Year

Small Business of the Year

Sponsored by EMC Corporate Finance

Sponsored by Loch Associates Group

RENAISSANCE LEGAL

HYVE MANAGED HOSTING

Businessperson of the Year KRISI SMITH BIRD & BLEND TEA CO.

Sponsored by FRP Corporate Finance

JOHN MORGAN PYROBAN

MORTON WATERS COMMUNICATIONS

Company of the Year

MY GETAWAYS

CEO of the Year

TAMARA ROBERTS RIDGEVIEW WINE ESTATE Sponsored by Ignata Finance

KURT J. LESKER COMPANY Sponsored by Lloyds Bank

❛❛ We would like to thank the judges for recognising the hard work, dedication and spirit in our team – the award truly means a lot to us! ❜❜ KURT J. LESKER COMPANY Company of the Year and Large Business of the Year 2023

FINANCE

By Michael Pay, EMC Corporate Finance

A THOUGHT FOR CHRISTMAS

WHY YOU SHOULD CONSIDER SELLING YOUR BUSINESS IN 2024 As we stand on the brink of a new year, many entrepreneurs find themselves at a crossroads, pondering the future of their businesses. While the decision to part ways with a venture you’ve poured your heart and soul into is never an easy one, the dawning of 2024 might just be the perfect moment to consider selling your business.

In this article, we explore the compelling reasons why seizing this opportunity could be the key to unlocking new horizons in both your professional and personal life.

EMBRACE CHANGE FOR GROWTH

One of the fundamental reasons to consider selling your business is the opportunity for personal and professional grow th. Businesses, much like individuals, undergo various life cycles, and often a change in ownership can breathe new life into a venture. By passing the torch to a new owner with fresh perspectives, strategies, deeper pockets and a greater potential appetite for risk, you open up the potential for your business to evolve and thrive in ways you might not have imagined.

CAPITALISE ON MARKET TRENDS

The world of business is dynamic and ever-evolving, with trends and market demands constantly shifting. The beginning of a new year offers a chance to evaluate current market conditions and capitalise on trends that could significantly impact the value of your business. Whether it’s a surge in demand for sustainable products, the rise of e-commerce, or a growing interest in innovative technologies, staying ahead of the curve can make your business more attractive to potential buyers.

TAKE ADVANTAGE OF ECONOMIC CONDITIONS

❛❛ Selling your

business can also create opportunities for personal enrichment and fulfilment ❜❜

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Economic conditions play a pivotal role in the business landscape, and 2024 is no exception. With the settling of inflation, interest rates likely to be stable or falling, which gives buyers greater certainty on their costs of capital. This, coupled with the need for business to get back to normal, indicates 2024 should be favourable for deal making.

So, it might be an opportune time to sell your business. Indeed, for many sellers, even where we have seen values fall recently, they are still taking advantage of crystallising their hard work and are securing favourable returns on the cash they have to invest.

FINANCE

SEIZE PERSONAL OPPORTUNITIES

Post-pandemic, we have seen a distinct break in the linkage between the business owner and business. Owners realised that they were not reliant on their business to define “who they are” and that there is a world beyond work.

Selling your business can also create opportunities for personal enrichment and fulfilment. If you’ve been longing to pursue other passions, travel, or spend more time with family, the sale of your business could provide the means to turn those dreams into reality. Consider the newfound freedom and flexibility that come with unburdening yourself from the day-to-day responsibilities of running a business.

MITIGATE RISKS AND UNCERTAINTIES

The business landscape is inherently unp re dic tabl e , wi th r isks an d uncertainties lurking around every corner. By selling your business, you can mitigate the impact of potential economic downturns, industry shifts, or unforeseen challenges -including the threat that a change in government in 2024 could bring about a change in Capital Gains Tax rates!

Cash in on your hard work and dedication by securing a profitable exit strategy that shields you from the volatility that often accompanies entrepreneurship.

STRATEGIC TIMING FOR OPTIMAL RETURNS

Timing is everything when it comes to selling a business, and the strategic timing of your exit can significantly impact the returns you receive. The turn of the year provides an excellent opportunity to assess your business’s performance, financial health, and market conditions. By aligning your sale with a period of strength and positive momentum, you enhance the chances of securing an optimal deal.

Conversely, we have seen in the past business owners decide to hang on, in the belief that the market will remain buoyant in the future and that the forecast growth in the will yield a greater value, only to find that the growth does not come or worse that multiples fall and in the worst cases, a complete failure of the business, leaving nothing for the owners!

❛❛ Whether you’re seeking growth,

mitigating risks, or exploring new horizons, 2024 offers a unique chance to make a transformative decision❜❜ EXPLORE NEW HORIZONS

Selling your business doesn’t have to signify the end of your entrepreneurial journey; rather, it can be a springboard to explore new horizons. With a well-earned nest egg from the sale, you can embark on new ventures, invest in exciting opportunities, or even mentor the next generation of business leaders.

Embracing change can lead to a fulfilling and diverse portfolio of experiences.

2024 AND BEYOND

Finally, as we stand on the cusp of 2024, the prospect of selling your business is not just a financial decision but a strategic and personal one. Embracing change, capitalising on market trends, and seizing personal opportunities are all compelling reasons to consider parting ways with your business in the coming year.

Whether you’re seeking growth, mitigating risks, or exploring new

horizons, the dawn of 2024 offers a unique chance to make a transformative decision that could shape the next chapter of your professional and personal journey.

So, as you tuck into your Christmas dinner or consider your New Year resolutions, take a moment to reflect, evaluate, and consider the possibilities that await you in the exciting landscape of the business world and whether 2024 is the year to crystallise the value of your hard work.

Michael Pay is co-founder of EMC Corporate Finance www.emcltd.co.uk

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LEGAL

A recent surge in data subject access requests (DSARs) is costing businesses millions of pounds, with the average individual case costing organisations £20,000.

By Pam Loch, Loch Associates Group

The rising costs of DSARs for businesses DSARs allow an individual to ask an organisation to provide them with the personal information it has on its systems. The legal right to make DSARs was initially introduced by the Data Protection Act 1998. Recently we’ve seen a significant rise in DSARs in the South-East across most industry sectors, with organisations of all sizes being affected.

Many requests are being made as a fishing expedition to find out what information an employer has about the employee. However, it’s worth noting this is not restricted to employees making requests. Any individual can exercise their right to make a DSAR. So, it’s important to be aware of what it means for your organisation and what you can do to make it easier to comply with these requests.

THE RISE OF DSARs

The Information Commissioners Office (ICO), which handles complaints about DSARs, has witnessed an alarming increase of 23% from April 2022 to March 2023, with almost 16,000 complaints relating to failings in respect of DSARs. This is compared to 13,000 for the same period the previous year.

However, this is only the number that relates to the rise in complaints, so the actual number of DSARs being made will have grown significantly too.

The reasons for this increase include individuals becoming aware of their

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right to request DSARs through social media and news reports like the one involving Nigel Farage and NatWest.

There was also the publicity around the implementation of the Data Protection Act 2018 and GDPR (General Data Protection Regulations) which drew attention to data protection rights. That legislation removed the ability for businesses to charge a fee for dealing with DSARs and reduced the deadline for responding to DSARs from 40 days to a month.

DSARs have become an increasingly common tool, used by individuals in dispute with organisations. They have almost become standard when employees are in dispute with their employer and are looking for a ‘smoking gun’ that they can use in negotiations or in an Employment Tribunal, should it come to that.

RISING COST OF DSARs

Based on the ICO figures and with the average cost being £20,000, DSARs are costing organisations at least £320m a year. We think this is just the tip of the iceberg, as the ICO won’t have records for all DSARs that are made. It will only have access to complaints being made to the ICO due to alleged breaches of the legislation governing them. We anticipate the number of DSARs will continue to increase, and businesses should act now to ensure they have processes in place and train their teams to know how to handle them.

At Loch Associates Group, we’ve certainly witnessed an increase in costs relating to DSARs, due mainly to the complexity of the requests and the time required to process them. Each request involves correspondence with the individual, arranging IT searches of data held – often resulting in reviewing potentially thousands of documents, then redacting or excluding information that can be justified as exempt. Then the response to the individual has to be prepared. This process must take place within one month, although in exceptional situations it can be extended to two to three months.

Many DSARs are presented as broad requests for ‘all of [their] personal data’, which often entails a huge task because employers tend to retain more information than they need to. In addition, social media messages,

LEGAL

❛❛ Managing the

retention of data effectively is one way to minimise the cost and management time ❜❜ WhatsApp messages and texts relating to the employee are all disclosable.

All of this can be tricky, time-consuming and costly. They also impact other data subjects, which may not be fully appreciated.

It is difficult to see a resolution to the challenges. As more DSARs are received, businesses may find it harder to respond within the one-month timeframe, and those making the requests are likely to be frustrated by any delays or perceived failures, which may lead to more complaints.

MINIMISING THE COSTS AND PROTECTING YOUR ORGANISATION

Managing the retention of data effectively is one way to minimise the cost and management time. The less documentation you have inevitably means there is less to review. It also means you comply with data protection legislation because you are only supposed to retain relevant information.

However, you do not want to lose critical documentation so it’s important to have a retention policy in place that does not leave the organisation exposed. Getting expert advice on that is important as it’s not a one-size-fits-all answer.

It’s possible to anticipate the likelihood of DSARs, to have a response process in place, and to manage the risks.

In particular, organisations should be doing data protection audits to reduce the amount of information they retain and comply with data protection

legislation. There are cost savings here too as it costs money to store information.

We know how challenging all of this can be for organisations and that’s why we have been helping our clients with our data protection audits, training and DSAR services so that they can outsource the challenges of dealing with a DSAR, reduce the costs and their management time, as well as protecting their organisation.

Pam Loch, Solicitor and Managing Director of Loch Associates Group www.lochassociates.co.uk

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LEGAL

By Matt Parr, Partner Private Client, Mayo Wynne Baxter

ASSET PROTECTION TRUSTS

THE PITFALLS Our specialist Private Client team at Mayo Wynne Baxter meets many clients who have sought advice in the past, and prepared trusts, referred to as asset protection trusts, or similar.

Clients have often been charged thousands of pounds to set them up as well as transferring their property, savings, and investments into the trust itself. In these circumstances, the clients are referred to as the settlors of the trust.

Many clients do not appreciate they no longer legally own those assets – they have given them to the trustees.

Even if the settlors are also the trustees, they do not own the assets personally and they have lost the ability to use the assets in any way they wish to.

Trusts come in various forms but the type we see most in this scenario is a discretionary trust whereby the trustees have absolute discretion to determine how the trust assets are

Substantial changes ❛❛ to trust law mean using

trusts of this nature for the potential tax benefits has been severely restricted

❜❜

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used or distributed amongst the beneficiaries, including when and how much, if any.

to come. There could be immediate Capital Gains Tax implications if advice isn’t sought beforehand.

ARE THERE INHERITANCE TAX BENEFITS?

It is quite common for the settlors to continue living in their property without paying rent to the trustees or to receive dividends paid on the investments which are now owned by the trustees. By doing so, they have retained a benefit in the asset.

A gift whereby a benefit is retained is called a Gift with Reservation of Benefit (GROB) – for Inheritance Tax purposes. The value of the property will still be treated as part of the settlor’s estate on their death regardless of how long ago the gift was made.

Substantial changes to trust law and the introduction of the “relevant property regime” mean using trusts of this nature for the potential tax benefits has been severely restricted.

Subject to some provisos, if the value of the assets transferred into the trust by any one settlor is less than the current Nil Rate Band of £325,000, there would be no immediate charge to Inheritance Tax. However, settlors should keep accurate records as their executors might need to be concerned how having settled the trust will impact the set tlor ’s estate for Inheritance Tax purposes in years

Despite it often being the case that the settlors’ adult children are the only beneficiaries of the trust, the settlors’ executors will have lost the ability to claim the Residence Nil Rate Band on the settlor’s death despite the value of the property being aggregated with their estate for Inheritance Tax purposes because of the GROB rules.

Overall, therefore, creating trusts of this nature can often have no benefits for Inheritance Tax purposes unless stringent conditions are met, and instead can be quite detrimental so caution must be taken.

LEGAL

“AT LEAST MY EXECUTORS WON’T NEED TO OBTAIN A GRANT OF PROBATE ON MY DEATH”

Sometimes, executors need to obtain a Grant of Probate to deal with the sale or transfer of assets that once belonged to the deceased – such as selling their property or shares.

If the deceased no longer owned these types of assets at the time of their death because they had given them away in their lifetime, it stands to reason that the executors won’t need to obtain a Grant of Probate to deal with them.

There are still ❛❛ scenarios in which

gifting assets to a trust during your lifetime can be effective at reducing tax burdens

❜❜

ARE TRUSTS EFFECTIVE AT PROTECTING ASSETS FROM BEING USED TO PAY CARE FEES?

If an asset has been given away in order to deprive oneself of that asset to avoid it being financially assessed for care fees then this is considered a deliberate deprivation of assets.

In this case, the Local Authority can assess the settlor as if they still own

the asset in question regardless of how long ago the gift was made, and the gift won’t be effective.

One could argue that, unless there are legitimate tax savings or other overwhelming reasons to give assets away, such as the need to assist a vulnerable child to live securely, then why else would one give away assets other than to avoid them being assessed for care fees? This is the case particularly as clients get older and the possibility of them requiring care becomes a more realistic prospect.

Consequently, these types of gifts do not work for the purpose of protecting the assets from care fees most of the time.

Obtaining a Grant of Probate can be a relatively straightforward process and advice can be sought at the time which can make this even easier.

On the face of it, obtaining a Grant of Probate can cost as little as the Probate Registry fee itself which is currently £273. Avoiding the need for executors to obtain a Grant of Probate is very rarely a good enough reason in itself to create one of these trusts.

In conclusion, there are still scenarios in which gifting assets to a trust during your lifetime can be effective at reducing tax burdens and as a way of filtering assets down to the future generations. However, advice should still be sought before anything is agreed and put in writing as it is often very difficult to undo what has already been done.

Matt Parr, Partner Private Client mparr@mayowynnebaxter.co.uk

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BUSINESS

Having seen an increasing number of multinational corporations become B Corp certified, I’m being asked more regularly, should my business become a B Corp, or not?

By Matt Letley, Founder and Director, Impact for Good

TO B OR NOT TO B? THAT IS THE QUESTION My response is that when I’ve either chosen to work with a client, join a business or start a friendship, the most important question I ask myself is, “What are their values?” This same approach can be applied to B Corp and, given their theory of change is to transform the economic system into a more inclusive, equitable, and regenerative global economy, this is something most people can get on board with.

The B Corp framework is a powerful business tool and when put in the hands of someone with genuine authentic intentions to use their business as a force for good, great things can happen.

On the flip side, it can be damaging, which is why B Lab has a robust verification process in place.

impact areas – governance; in how you’re running business; how you treat your customers and workers; your engagement within the community; and your environmental impact.

Your business is scored throughout the Business Impact Assessment and to be certified you must score a minimum 80 points. The mean score of businesses that have used the assessment tool is 50, and only 7,000 or so companies globally of the 250,000 that have used the tool have been certified.

B Corp is an holistic assessment that measures a company’s social and environmental performance across five

With only 24 certified B Corps out of ❛❛ the 100,000 companies operating within

Surrey, there’s still benefit that can be achieved as a differential to your business

❜❜

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BUSINESS

good. Interestingly, by looking at our business through a different lens, we increased our profits through efficiency gains, significantly improved employee morale and gained new opportunities by engaging with like-minded values-led businesses.

B Corp standards are in their sixth iteration, and are about to launch a transformation of standards which is currently in its second stakeholder consultation process to ensure the robustness in measuring an organisations’ social and environmental performance is of the highest standards possible. The fact that a company needs to amend its ar ticles of association to have a legal obligation in its decision-making process to all stakeholders (not just shareholders), sets B Corp apar t from other frameworks and third - par ty certifications.

B Corp is an holistic ❛❛ assessment that measures

a company’s social and environmental performance across five impact areas

❜❜

Having redefined in my own mind what a successful business is, and with an intrinsic motivation to help others succeed, I formed Impact for Good, where I use my experiences to help business leaders overcome the same hurdles I faced. With only 24 certified B Corps out of the 100,000 companies operating within Surrey, there’s still benefit that can be achieved as a differential to your business. If you’re interested in hearing more, you can join B Local Surrey, where you get to meet businesses that have started their B Corp journey, gather insight from those that have certified or if you’re just a little curious to hear more.

Having led my previous company on a transformative change journey that culminated in B Corp certification, the most important thing was taking all stakeholders on our journey. That saw significant social and environmental impact and, without question, made our business more resilient and a force for

www.impactforgood.co.uk

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We Do Things Differently At Antler Homes

Antler Homes is a small, private residential housebuilder, with a fifty-year history of designing beautiful homes. We pride ourselves on delivering high customer satisfaction and on our reputation for excellence.

Attention to detail is a unique signature that can be found in each of our new homes, with our highly skilled, customer-focused design team ensuring that every aspect of our properties is precisely as our customers want it to be.

FINANCE

By Dan Morgan, Managing Partner, Haines Watts Esher

Dealing with potential challenges within family businesses FINDING WORK-LIFE BALANCE

Family businesses are one of the most common business types in the UK. However, with a mix of personal and professional dynamics at play, they come with their own unique challenges.

Below are some potential hurdles you may be faced with, as well as advice on how to prevent their occurrence.

The work-life balance can be particularly hard to achieve in a family business, as the boundaries tend to blur. There is an overlap where family members are also your co-workers. Discussions in settings away from the office can easily become about work, leading to the feeling of never ‘turning off’. This can lead to high stress levels, burn-out and weaken personal relationships. Respecting one another’s space and alone time is important and putting in place clear boundaries between work and personal can ensure this is upheld. This will give you a healthy balance and allow you to use your dedicated work hours more efficiently.

FAMILY RELATIONSHIPS IN THE WORKPLACE

With multiple family members, all with differing priorities, it is likely at times that some will feel they are contributing more than others to the business. Here, open communication to discuss expectations and responsibilities is vital as it allows for everyone to have their input.

When everyone has their own defined role, individuals will feel valued and included, It also ensures that no task falls through the cracks due to miscommunication. This can then take pressure off those who feel they have too much on their plates, reducing burn-out and in turn, conflict.

Different members from different generations may have opposing views when making decisions, such as any financial decisions. Fostering a culture of open communication through regular family meetings can help combat this, alongside transparent financial systems, and processes to ensure fairness. Going along with the majority viewpoint is often the best solution. However, you could choose to seek external advice from financial professionals. An expert can provide insights that will benefit the business, and individuals may prefer to hear a third-party perspective.

SUCCESSION PLANNING

Determining who should take over various leadership roles can be tricky.

The goal is to ensure smooth transition to the next generation in a way that does not disrupt business performance or damage family relationships. It will be important to measure the readiness of each member by discussing their interests, skills, and aspirations. As well as this discussion, a concise criterion should be created to help select successors – for example, looking at qualifications and experience. Electing those who have committed more is fair and will be in the best interest of the business. Ultimately, involving every family member in decisions and keeping a collaborative approach is key.

❛❛ With multiple family members, it is likely at times that some will feel they are contributing more than others to the business ❜❜

If you want to discuss your family business, get in touch. www.hwca.com/accountants-esher T: 020 8549 5137 E: esher@hwca.com

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Building Consultancy

Technical property services throughout the building lifecycle Our experienced Chartered Building Surveyors and Project Managers can support you throughout the lifecycle of your property.

Whether you are an occupier, landlord or investor we can support you with everything from pre-acquisition surveys and project management of your building’s fit out or refurbishment, right through to the end of occupation or disposal.

Lease advice and exit management

Due diligence

Dilapidations advice

Schedule of condition

Business relocation/ expansion

End of journey

Building pathology

Preacquisition

Property lifespan

Building surveying

Project monitoring

Project management

Planned maintenance programmes

Party wall matters

Insurance reinstatement valuations

Key contacts Holly Vos Associate T: +44 (0)7789 391915 E: hvos@vailwilliams.com

Nicki Rought Senior Surveyor T: +44 (0)7802 341671 E: nrought@vailwilliams.com

Calum Maynard Surveyor T: +44 (0)7775 853368 E: cmaynard@vailwilliams.com

Vail Williams LLP, a Limited Liability Partnership, registered in England (number OC319702). Registered office: Savannah House, 3 Ocean Way, Ocean Village, Southampton, SO14 3TJ. Any reference to a Partner means a Member of Vail Williams LLP or an employee or consultant with equivalent standing and qualifications. A full list of Members is open for inspection at the registered office. VAI.WIL.1023.NOV23 Regulated by RICS

www.vailwilliams.com Vail Williams

@vailwilliams

Vail Williams

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IB

Helping start-ups take the next step Give yourself the best chance of success with free business information, expert advice, events and support from the BIPC at Jubilee Library.

brighton-hove.gov.uk/bipc Business & IP Centre Brighton & Hove

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JUBILE

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Savvy and Stevo Moynihan, Brighton Founders of Savvy Ferments

Y, B R I G H

CHARITY FOCUS

Head2Head Sensory Theatre is a small volunteer-led charity creating accessible and inclusive theatre and film experiences for children and young people with special needs and disabilities

HEAD2HEAD SENSORY THEATRE Championing multi-sensory theatre since 2006 Supported by a professional team of actors trained in Makaton signing, the charity is based in Surrey and tours UK communities with a variety of immersive multi-sensory experiences for families and schools.

introducing a ‘hang out’ space for local residents. This new ‘drop in’ style base will offer young people with disabilities a safe place to meet, learn new life skills and share experiences.

DREWSHEARNE BARN: A NEW, ACCESSIBLE SPACE FOR THE COMMUNITY

The charity continues to champion ‘accessible theatre’ helping thousands of families to enjoy both live and online theatre experiences through its dedicated YouTube Learning Channel.

In 2024, Head2Head will be touring with ‘Amazing Tales,’ a new sensory

Why not become a corporate sponsor?

If your business is looking for a small charity to sponsor in 2024 or your team would like to give back something and take part in community volunteering or fundraising please get in touch.

The new Drewshearne Barn

E: admin@h2hsensorytheatre.com T: 01372 278021 www.h2hsensorytheatre.com

Thanks to The National Lottery and Surrey County Council funding, Head2Head is of fering a new accessible venue space at its headquarters for local businesses and residents. Located in Oxted, Drewshearne Barn, features a studio theatre with capacity for 50 people, available for hire for events in 2024.

The venue features a wheelchairaccessible hygiene room with a hoist, changing bed, wash/dry toilet, and adjustable height basin. Guests can also access a kitchen, sensory room and library. Drewshearne Barn will also open a community café

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WHAT’S ON IN 2024

introduction to Grimms’ Fairy Tales as well as offering more accessible drama workshops and work experience opportunities for disabled children and young adults.

PLAY YOUR PART

IS YOUR BUSINESS LOOKING TO DEVELOP A NEW IDEA? We can help you address your innovation challenges by connecting you to world-class expertise, technology and facilities. If you are a small or medium-sized business looking for solutions to develop your next product or service, we would like to help.

Register your interest today and we’ll be in touch. Once we agree a way forward, we may be able to draw down funding to support any resulting collaborations.

So, whether you’re just getting started or already have an idea that you’d like to develop, please email us at collaborate@sussex.ac.uk

WEALTH MANAGEMENT EXECUTED BEAUTIFULLY

www.pmw.co.uk

We pride ourselves on our ability to provide independent, sophisticated and bespoke financial advice.

Aissela, 46 High Street, Esher, Surrey, KT10 9QY 01372 471550

EVENTS As winter descends upon the rolling hills of the South Downs, Plumpton Racecourse transforms into a place of enchantment and festivity, welcoming racegoers, and families to celebrate the holiday season in style

Experience the magic of Christmas at Plumpton Racecourse Our idyllic location provides the perfect backdrop for a magical experience, where the thrill of horseracing meets the warmth of festive cheer. Christmas at Plumpton means more than just horse racing; it’s a celebration of togetherness and tradition.

Off the track, there is an abundance of festive fun. On December 18th, immerse yourself in the holiday spirit with carol singing and the chance to meet Santa’s reindeer. Enjoy delicious seasonal treats and get those lastminute gifts with our mini-Christmas market.

For those seeking a touch of elegance, Plumpton Racecourse offers fine dining options that rival any top restaurant. It’s a wonderful way to gather with loved ones or colleagues. Our hospitality and dining options are always in high demand so book now!

Plumpton Racecourse is the heart of the community here, at the foot of the South Downs, having woven itself into the fabric of the local area, embodying the spirit of togetherness and shared experiences. Plumpton Racecourse isn’t just where races happen, it’s where friendships are forged, families gather, and traditions are celebrated.

The beginning of a new year is not just about personal resolutions; it’s also a time to renew connections and friendships. Plumpton Racecourse offers a space where both the local, and the racing community come together.

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❛❛ Plumpton Racecourse is the heart of the

community here, at the foot of the South Downs, having woven itself into the fabric of the local area ❜❜ Our Sussex National Raceday on January 7th, 2024 is the perfect opportunity to catch up with familiar faces while witnessing one horse, jockey and trainer etch their name into the Plumpton history books by landing the prestigious Sussex National.

At each of Plumpton’s race days, racegoers have the unique opportunity to meet equine legends up close, bridging the gap between the racing community and the retired stars. The Retired Racehorse stable invites attendees to

connect with these majestic animals and hear their stories of racing glory.

With thrilling races, fine dining, and the ethos of community, Plumpton encapsulates the spirit of the season.

Gallop into the new year with the promise of memorable moments ahead.

For each of our festive events, all guests will be treated to a free candy cane, and don’t forget, under 18s race free when accompanied by an adult!

To find out more please contact us on 01273 890383 or email racing@plumptonracecourse.co.uk www.plumptonracecourse.co.uk

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CHARITY FOCUS

Brighton-based telecoms company joins as a major sponsor of the Chichester and Arundel art event

RUBIX VT SIGNS AS PRINCIPAL PARTNER OF THE BIG HOOT ART TRAIL With more than 25 years of experience in telecoms services, Brighton-based business owner Nick Poyner knows a thing or two about making connections.

Now, the managing director of Rubix VT is hoping to forge new relationships through the company’s partnership with The Big Hoot, a public art trail in Chichester and Arundel staged by local children’s hospice charity, Chestnut Tree House. “It’s Rubix V T’s 10th birthday next year, so we wanted to do something quite special,” says Nick.

When he went for a meeting at Chestnut Tree House, which cares for children with life-limiting conditions across Sussex and South East Hampshire, Nick wasn’t expecting to sign up as principal partner of the art trail.

“But it was incredibly impactful,” he says of the afternoon spent at the hospice near Arundel. “All the charities we support have a connection to children and young people – giving back in the right way is a great passion of mine. Walking into Chestnut Tree House felt very calm, very serene.

I know the children who go there are

Nick Poyner, Managing Director, Rubix VT coping with serious challenges, but it feels like the right place to help them.

“That day convinced me that we had to get involved. I’ve also enjoyed the other art trails in Sussex recently, so I jumped at the chance to be part of the first one to come to Chichester and Arundel. Last year, we gave away £110,000 to good causes, but we want to do more, and this partnership corresponds with many of our aims.”

Opportunities for employee engagement are also important to Nick, and he’s hoping the whole team of 16 will get involved. “This programme has longevity, so our people can see what we’re actually spending money on.

Feeding back to them where that money went and how it supported the charity helps give them that sense that we are building something. It’s nice to be involved in something good – not just coming to work.”

THE BIG HOOT The Big Hoot will take place in Chichester and Arundel in summer 2024, with around 30 owl sculptures designed and decorated by artists and sponsored by local businesses. There’s still time to sign up as a Big Hoot sponsor.

To find out about the different types of sponsorship, and how involvement in the art trail can help introduce your business to a wider audience, go to www.thebighoot.co.uk

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PEST CONTROL

By Paul Bates, MD, Cleankill Pest Control

Stormy weather can play havoc with your bird netting October and early November 2023 have seen some horrendous storms across different parts of the UK, particularly in the South East.

Pigeon fouling, when it is dry, is especially hazardous to humans as it creates airborne bacteria affecting anybody that may be susceptible to asthma and other breathing difficulties.

Because it’s usually fixed to the top of buildings and exposed areas, bird netting inevitably takes the brunt of any high winds.

As registered waste carriers, Cleankill can carry out full scale removal of bird fouling, as well as contaminated goods and furniture, from infested properties.

Facilities managers and property managers should make sure their bird netting hasn’t been damaged, as even the smallest rip or gap could allow pest birds to enter the protected area. Birds can also become trapped in damaged netting or get injured.

licensed waste carriers and are members of the British Pest Control Association as bird work can be very dangerous,” adds Paul.

Cleankill Pest Control Managing Director Paul Bates explains: “Birds can easily become tangled and trapped in damaged roofing which not only causes them distress, but can lead to further damage to the netting.

Holes in netting will also allow birds to get through and set up home.”

“With pigeons now breeding four or five times a year, compared to two or three times 20 years ago, their numbers are increasing dramatically.

The problem is exacerbated by people feeding them and attracting them into town squares where they are fouling on pavements and buildings.

If birds are trapped, it’s important to retrieve them safely and minimise the stress caused to them. If the birds are dead, they require proper disposal by a registered company. Once any trapped pigeons have been removed, it’s important that repairs are carried out quickly and safely by a professional pest control company.

“If a gap in the netting goes unnoticed and a pair of pigeons gets through and into a roof space, in a matter of months there can be hundreds of birds living there and the floor will soon be covered with fouling up to a foot deep,” Bates concludes.

“Ideally, when the netting was installed, your pest control company should have offered an inspection contract.

This means that it is the pest control company’s responsibility to regularly check the netting and make any necessary repairs. It’s worth checking your contractor has insurance, health and safety procedures in place, are

Pigeons are the most unhygienic and messy birds and actually carry more diseases than rats. They nest on their faeces and attract mites. Nearly all pigeons carry bird mites - tiny insects that feed off the bird and makes humans itch and scratch. Pigeon fouling and nest materials also provide a home for many other insects such as clothes moths, carpet beetle and mealworm beetles.

Cleankill has been solving pest pro ble ms fo r c o mm e rcial and domestic customers since 2005.Using the most up-to-date pest-control techniques and technology, the company keeps its customers pest free and makes sure it is at the forefront of the industry when it comes to the use of pesticides and non-toxic pest control methodology.

As an Investor in People, all Cleankill’s staff are highly trained, and offer an exceptionally fast and efficient level of service. The company is a proud member of the British Pest Control Association, as well as being approved to ISO9001 and ISO14001. Cleankill is also fully accredited to the Altius Vendor Assessment, Safecontractor, Exor, Constructionline and Achilles Health and Safety accreditation schemes, and aims to be recognised as a market leader for innovation and new pest control techniques.

For more information on how Cleankill can help your company go to www.cleankill.co.uk

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ANGER MANAGEMENT

THE NHS IS KILLING THE COUNTRY

By Maarten Hoffmann DISCLAIMER: All views stated here are those of the author and do not necessarily represent those of this publication

We are very spoilt as a country to have such a splendid health care system that is free at the point of need – it is the envy of many countries around the world – or was.

Most countries now see it as unsustainable in the modern age, and this is a lesson UK governments of all colours refuse to accept, or are too scared to mention it, as the NHS is regarded as an untouchable sacred cow. But the cost of the NHS is economically killing us and is totally unsustainable.

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In 2021/22, the Department for Health and Social Care (DHSC) budget was £190 billion. The NHS is one of the world’s largest employers with around 1.26 million full-time staff with a wage bill of £66.2 billion. These statistics don’t include salaries for GPs (who are not directly employed by the NHS) or employees from the DHSC and other national bodies, such as NHS England.

Each day 1.2 million people visit their GP; 260,000 attend an outpatient appointment; 37,000 will call 999; 44,000 people will attend A&E and 675 people will go into critical care.

This humungous £190 billion is not enough by quite some margin resulting in 7.7 million people on NHS waiting lists as we have less than half the hospital beds we had in 1990. It is totally unsustainable.

We should remind ourselves that our delusions of Empirical grandeur have long faded and it should be accepted that we are a tiny island country, with limited resources, limited global power and a military so stripped down that it would struggle to invade your local pub.

ANGER MANAGEMENT

We should remind ourselves that our delusions ❛❛ of Empirical grandeur have long faded and it should be accepted that we are a tiny island country, with limited resources

❜❜

The average council spends circa 84% of their entire annual budget on social care, leaving just 16% for everything else. This is due to central government passing more and more down to local councils as they can no longer afford it – on the assumption that local councils can.

They can’t.

Why oh why can’t the government find courage and make a statement?

The fastest fix is to means test the NHS. If people don’t like means testing things then perhaps they should just get over it.

Why does a millionaire get free NHS treatment? Why does a family with a household income in excess of £150,000 get it free? It makes no sense.

Simply connect the hospital computers to the HMRC. If you earn in excess of £150,000, you are not entitled. You can

then pay the NHS for your treatment or go private. That would remove 789,450 people from the NHS immediately.

Deprive all foreign visitors of using the NHS free of charge, and that would save £388 million a year, so that is circa £2.5 billion saved right there.

It would also give an enormous boost to the private health sector as patients would flood to private hospitals, increasing nursing opportunities and a tremendous boost to all levels of employment.

Then let’s go further. As in the US, private health insurance is part of most people’s employment package. Let’s copy that, change the law and make it mandatory for companies with over a certain number of employees to offer a level of private insurance. That would save circa half of the entire NHS budget and reduce

it from £190 billion to £95 billion. We could also charge these people for GP appointments and greatly lessen the GP’s burden, meaning you might get more than 13.5 minutes with your local doctor. They could also pay for their prescriptions and that would save a further £17.8 billion a year Now we would have a health service that is slimmed down and ready to deal with less than half the UK population, with the other half paying to use it or using private companies. The 999 system would still be free at the point of use.

No sane person can possibly think this little island nation can afford such largesse and if we keep the blinkers on and continue to ignore this fact, we are destined for an economic fall of such proportions that the NHS will go under anyway.

Any economist would tell you this, most experienced CEOs and CFOs might tell you this – the books don’t balance and when that happens, CUT THE FAT.

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CASABLANCA AND TANGIER

By Tom Mitchelson On a whistle stop tour of Morocco, I touched down on the tarmac of Casablanca airport, after an efficient business class flight with Royal Air Maroc. I couldn’t stop my mind conjuring up the image of Humphrey Bogart, having waved goodbye to his one true love, ambling down the runway into the mist with the local chief of police and telling him, “Louis, I think this is the beginning of a beautiful friendship.”

I wondered if that sentiment could be true for the city and me?

On the surface, Casablanca has none of the exotic allure the film promises and perhaps that’s because the romantic drama was shot on a Hollywood set – and life isn’t like the movies.

Having said that locals will point you in the direction of Rick’s Café. Set in an old mansion, built against the walls of the old medina, its interiors are an homage to the saloon in the film –

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and a very neat business idea. Mosaic tiled floors, arched doorways, stencilled brass lighting and giant plants, casting ominous shadows on white walls, allow visitors to drink up a bit of film noir ambiance along with a cocktail.

Casablanca feels ❛❛ too busy for tourists,

as the local population rush about their daily business with expressions of intent ❜❜ Rick’s Café, Casablanca

Casablanca is Morocco’s largest city and economic centre, and the place feels too busy for tourists, as the local population rush about their daily business with expressions of intent.

But there’s a charm in that and it feels like a place that gets things done – and it does.

The Hassan II mosque is the largest in the country, and stands on a promontory overlooking the Atlantic ocean.

Completed in 1993, it took seven years to construct and it’s a masterpiece of modern Moroccan engineering, taking ventilation seriously enough to have a giant retractable roof. With the sea breeze outside, distracting from the powerful sun, I was struck by the sense of peace and calm despite the proximity to a local thoroughfare.

The British government could do with taking a step out of the Moroccan playbook when it comes to big projects.

As the UK’s HS2 is abandoned, Al Boraq (named after the creature in Islamic tradition that transported Mohammad

TRAVEL Selection of spices at a market in Casablanca

Hassan II mosque, Casablanca

“Moroccans know they must work harder because they have to prove themselves to their international partners.”

Hilton Tangier Al Houara Resort & Spa from Mecca to Jerusalem), the highspeed train that joins Casablanca to Rabat and Tangier, on the northernmost point of the country, goes from strength to strength. It stretches 323 kilometres, was built in 2018, took only 10 years to plan and construct, and is the first of its kind on the continent.

I floated out of the station on that train, on time, happy and relaxed.

Tangier has a totally different vibe altogether. Built on the slopes of a chalky limestone hill, it’s the gateway between Europe and Africa, where the Mediterranean Sea meets the Atlantic.

This verdant, culturally diverse port city is very much a reflection of its geography. You can see Gibraltar from the beautiful beaches of this green and pleasant land and the Kasbah, the city’s fortress, (built to keep out invading Brits) has stunning views across the sea.

Walking In the 14th century old town where there was a haze in the air, and the call to prayer provided a soundtrack to the moment, I turned corners into

alleyway after alleyway, sometimes so narrow you could touch both walls at the same time. I went under arches, hidden from the sun, and then sat in small plazas exposed to the heat.

Lunch was a steaming bowl of Bissara – a soup made with fava beans, split peas topped with olive oil and cumin and a traditional tagine, named after the earthenware pot with a pointy lid in which it is cooked. Tender meat, honey, prunes, vegetables and spices made it all delicious, if a bit like eating pudding. I gave the mint tea a miss, and drank wine.

With little time to spare between meetings, I took the slightly eccentric choice of visiting Tanger-Med, the largest port in Africa. It was the vision of King Mohammad VI, who pushed through the project from conception to completion in under 20 years, just like he did apparently with Al Boraq.

It was a hugely ambitious plan and has transformed the local economy, as one of the workers at the port told me,

While at the port, news came through that Morocco had won its joint bid to host the Men’s 2030 FIFA World Cup, and a cheer rose all around. By then, Morocco is set to have doubled its annual tourist numbers and will have increased hotel capacity accordingly, including meetings and conference facilities.

Big hotel brands like Hilton, Barcelo, Four Seasons and Hyatt are already present and have plans to open more properties across the nation. Morocco is proud of what it is achieving and it’s a country that is changing fast.

n Royal Air Maroc is Morocco’s national airline and one of the oldest in Africa. A oneworld Alliance member, it offers 16 direct flights a week from London to Casablanca (nine weekly from Heathrow and one daily from Gatwick). n Prices start from £162 (excl. taxes) for a return ticket in Economy class and £1,128 (excl. tax) in Business class. n The airline has a codeshare agreement with British Airways which allows passengers access to additional destinations across the UK. For more information or to book, visit www.royalairmaroc.com

MOTORING

ALPINE A110S

By Maarten Hoffmann, Motoring Editor Alpine was founded in 1955 by Jean Rédélé, a young man with a passion for motorsport whose favourite playground – the Alps – inspired the name of his brand. And a quick note here, it is pronounced Al-peen not Al-pine.

The company took off as soon as the original A110 appeared in 1962.

At this time, Alpine and Renault worked closely together since the Alpine was sold and serviced by Renault dealerships. In the early 1970s, Alpine was one of the rallying elite, and in 1971, Alpine monopolised the podium of the famous Monte Carlo Rally before winning it again in 1973, the year in which it became the first

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manufacturer to be crowned World Rally Champion. Alpine is a sporting brand. Racing is in its blood.

In 2021, Alpine’s motorsport programme gained momentum with the brand’s arrival in the Formula 1 World Championship under the name Alpine F1 Team.

And here we have the road car, returned after a 68-year hiatus, and it’s tough to argue that it is a pretty good looking car. It has been made as light as possible with sensible power.

“We have tried to follow Colin Chapman’s principle, which is still valid, so if we have low mass, we can have moderate power, so we don’t need super wide tyres or big, heavy brakes and so on,” says Alpine’s chassis technical leader, Thierry Annequin. “We have chased every gram everywhere on each component and each system to achieve this weight.”

The engine is mounted behind the seats and drives the rear wheels via a seve n - sp e e d G etrag d o ubl e clutch gearbox – perhaps the only thing about the car that’s not the lightest possible option.

MOTORING

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The original 1955 A110

❛❛ Want a sports car? This chérie petite French superstar is one of the very best ever made – and l never thought I would say that about a French car! ❜❜ The Alpine A110 does things differently.

Whether that makes it better or worse than a Porsche Cayman depends on your perspective. But essentially it’s a great car, a genuine exponent of light weight that makes you question the claims of almost every firm that says they build light cars. Even Lotus.

It tackles difficult roads with tremendous poise and agility; it’s a nonthreatening sports car that proves that you can buck the trend towards

bigger wheels, bigger brakes, more power and more weight and still have something capable and exciting.

There’s not much that rips across country with so little effort and so little energy expended. That’s why l would plump for the £50,000 A110, instead of being tempted by the more powerful £60,000 A110 S or GT. The standard car is all you need.

in 2022? You could argue very little needed altering, and Alpine doesn’t really have the budget to do so.

The revised touchscreen phone pairing is very welcome and the simplified range makes more sense, but the Lotus offers stuff the Alpine never can: a V6, a manual gearbox, and more cabin space. But the Lotus is bigger and heavier. That doesn’t detract from the A110’s charm though: you just need to buy into what this car offers, not what it sacrifices.

Want a spor ts car? This chérie petite French superstar is one of the very best ever made - and l never thought l would say that about a French car!

Has Alpine changed the car enough since the arrival of the Lotus Emira

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THE BUSINESS MAGAZINE FOR WOMEN

ISSUE #31

E H T C I M A N Y D L A V I T S E F A FESTIVAL OF BUSINESS  EXCLUSIVELY FOR WOMEN

APRIL 29TH 2024 THE GRAND BRIGHTON

TH E IC M A DYN IVAL T S E F A FESTIVAL OF BUSINESS  EXCLUSIVELY FOR WOMEN

APRIL 29TH 2024 THE GRAND BRIGHTON Following on from the phenomenal success of the all-female Dynamic Awards, we have decided to go one step further and launch a full-day Dynamic Festival of Business, exclusively for women.

In our effort to level the playing field, Dynamic Magazine will be presenting a full day of Education, Motivation and Inspiration at The Grand Brighton on April 29th 2024.

This will be followed the next day by the third year of the Dynamic Awards.

It will be a packed day of inspirational speakers, riveting interactive panel discussions, motivational workshops and educational seminars run by some of the leading experts in the UK, to aid women’s continuing professional development.

EDUCATION SEMINARS: DIGITAL MARKETING ● FINANCIAL PLANNING ● EMPLOYMENT LAW ● FUNDING ROOM FULL CPD ACCREDITATION ● UNPARALLELED NETWORKING OPPORTUNITIES

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MAGA ZINE

PLATINUM ME DIA GROUP

WE ARE DELIGHTED TO ANNOUNCE OUR FIRST KEYNOTE SPEAKERS BARONESS MARTHA LANE FOX, OBE, HonFREng Martha was the founder of the world’s first comparison website, lastminute.com which she sold for £577million having started it in a broom cupboard; was the UK’s Digital Champion and created the Government Digital Service, the team that launched gov.uk, and she has a seat on the board of the Cabinet Office Efficiency and Reform Board.

She is also the Chancellor of the Open University; a non-executive Director of Chanel; trustee of the Queen’s Commonwealth Trust; Founder of karaoke chain, Lucky Voice; Chair of WeTransfer; Board member of Twitter/X. She was ranked 15th on the list of 100 Most Influential British Entrepreneurs and became a crossbench peer in March 2013, becoming The Right Honourable Baroness Lane-Fox of Soho.

Martha Lane Fox is currently the President of the British Chambers of Commerce.

Justine Roberts CBE Founder and CEO of Mumsnet Mumsnet has grown into the UK’s busiest and most influential network for parents, with over 10 million unique users per month.

Mumsnet was awarded the Online Comment Site of the Year (Editorial Intelligence Comment Awards) 2011 and 2014.

Justine was the Institute of Internal Communication Communicator of the Year in 2014, and EY Entrepreneur of the Year London and South Winner in 2016, and was one of EU-Startup’s Top 50 Most Influential Women in Startups and VC in 2019. Before Mumsnet, Justine was a journalist for the Daily Telegraph and the Times, and before that, she was an economist and strategist for SG Warburg.

HELEN CANNON Founder and Director ISON Travel ABI SELBY Founder and Director SpaBreaks.com

PAM LOCH Managing Director Loch Associates Group TAMARA ROBERTS CEO Ridgeview Wine Estate

YOUR HOST NATASHA KAPLINSKY OBE

CONTENTS

ISSUE 31

12

BIG STORY

Margherita Della Valle Dynamic chronicles the career of Vodafone’s first female CEO on the eve of a merger with Three UK

16

20

FEATURE

FEATURE

Surrey Research Park

University of Surrey attitudes survey

Award for business and education leader

FEATURE Doctoral training in AI for digital media involving several Surrey-based universities

Extensive research of 10,000 women across the world provide a clearer notion of feminism’s attitude towards men

There are many things you can do overnight but there is no overnight success Tory Burch

PLATINUM MEDIA GROUP

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21

Julie Kapsalis, has been named Leader of the Year at the Institute of Economic Development (IED) Annual Awards 2023

150,000

The number of companies established by women the UK in 2022

All rights reserved. The views expressed in this publication are not necessarily those of the publisher. The publisher cannot accept responsibility for any errors or omissions relating to advertising or editorial. The publisher reserves the right to change or amend any competitions or prizes offered. No part of this publication may be reproduced without prior written consent from the publisher. No responsibility is taken for unsolicited materials or the return of these materials whilst in transit. Surrey Business Magazine is owned and published by Platinum Media Group Limited.

REGULARS

EVENTS

News

2 The Dynamic Festival 2024 Announcing more keynote speakers at next year’s festival of business for women

8 Upfront: The top international news stories involving women in business 22 In The Right Direction: Good news stories from around the world

Spotlight

18 The Dynamic Awards 2024 The prestigious business awards for women returns for a third year in April 2024

24 Highlighting three female business leaders who deserve more recognition that they currently receive

Wellbeing

28 The need for improving women’s health initiatives: how gynaecological issues are considered taboo 30 The need to detox post-Christmas – is it really necessary?

Further reading

34 Sally Percy is an experienced journalist and editor, and has written ‘21st Century Business Icons: The Leaders Who Are Changing Our World’

Art Scene

36 Kellie Miller discusses the fun works of Mélanie Bourget

I drink champagne when I’m happy and when I’m sad.

Sometimes I drink it when I’m alone. When I have company I consider it obligatory. I trifle with it if I’m not hungry and drink it when I am. Otherwise, I never touch it – unless I’m thirsty Lily Bollinger, head of Bollinger Champagne, 1941-1971

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FEATURE

Wellesley

Samantha Kaye looks at how to spread joy at Christmas with five budgeting tips

Travel

38 A relaxing weekend in Chipping Camden in the heart of the Cotswolds

Fine Dining

40 An Italian restaurant with a twist: Tutto in Brighton

What’s On

42 A brief snapshot of art and culture cross Sussex and Surrey

CONTACTS PUBLISHER: Maarten Hoffmann maarten@platinummediagroup.co.uk EDITOR: Tess de Klerk tess@platinummediagroup.co.uk MOTORING EDITOR: Fiona Shafer fionas@platinummediagroup.co.uk COMMERCIAL DIRECTOR: Lesley Alcock lesley@platinummediagroup.co.uk EVENTS DIRECTOR: Fiona Graves fiona@platinummediagroup.co.uk EVENTS MANAGER: Žaneta Bealing zaneta@platinummediagroup.co.uk HEAD OF DESIGN: Michelle Shakesby design@platinummediagroup.co.uk SUB EDITOR: Alan Wares alan@platinummediagroup.co.uk

WWW.PLATINUMMEDIAGROUP.CO.UK www.platinummediagroup.co.uk

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For more than accountancy, business and wealth advice.

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EDITOR’S NOTE Another festive season of baubles and bubbly is upon us. Does it come around too quickly – or is it just me? Does time fly or does it simply feel that way as there’s hardly a break between summer and Sainsbury’s Xmas season specials?

Who knows? Never mind.

2023 is at its end and at Dynamic Magazine we have had a fantastic year celebrating and championing women from across all sectors and walks of life.

We are able to do so thanks to you, our readers, who have been staunch and active supporters. We couldn’t have done it without you – a big thank you from all of us to all of you.

Dynamic brings you plenty to read over the season with our Big Story covering the venerable Margherita Della Vale, the first female CEO of Vodafone who is now overseeing a merger that would see her business become the largest mobile phone company in the UK. I was delighted to hear of a groundbreaking study proving what many of us have always known - feminism doesn’t mean hating men. Read all about it on page 20.

Of course, we have our regular sections, including the very popular Spotlight, while Wellbeing encourages us to take care of ourselves during the party season.

We’ve also looked at some worrying statistics about gynaecological health, highlighting an urgent need for improved dialogue in the workplace.

Stumped for what to gift this Christmas? What’s On can help you there since so many of us would choose great experiences over just ‘things’ this festive season.

All in all, we hope that this edition of Dynamic will keep you in good company until we see you again next year.

Have a joyful Christmas and a Happy New Year.

Editor, Dynamic Magazine tess@platinummediagroup.co.uk

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WOMEN’S ENTREPRENEURSHIP DAY November 19th was nominated Women’s Entrepreneurship Day, an occasion to mark the achievements and resilience of women worldwide, who are leading the way forward in social and economic change.

The international, multi-disciplinary Women’s Entrepreneurship Day Organisation – either ironically or deliberately – chose International Men’s Day to celebrate women’s business achievement around the world.

The programme is dedicated to helping women realise their potential and provides financing and advisory services, along with support including tailored services for developing entrepreneurial skills and linking women entrepreneurs to opportunities, and platforms for business development.

UPFRONT THE LATEST BULLETINS FROM AROUND THE WORLD

BBC REVEALS 100 WOMEN LIST FOR 2023 The BBC has revealed its list of 100 inspiring and influential women from around the world for 2023. Among them are attorney and former US First Lady Michelle Obama, human rights lawyer Amal Clooney, Ballon d’Or-winning footballer Aitana Bonmatí, AI expert Timnit Gebru, feminist icon Gloria Steinem, Hollywood star America Ferrera and beauty mogul Huda Kattan.

In a year where extreme heat, wildfires, floods and other natural disasters have been dominating headlines, the list also highlights women who have been working to help their communities tackle climate change and take action to adjust to its impacts.

The list includes 28 Climate Pioneers, named ahead of the UN Climate Change Conference, COP28.

PRINCESS ROYAL VISITS SUSSEX FIRM

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The king may rule the kingdom, but it’s the queen who moves the board D.M. Timney

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Anne, The Princess Royal, met with staff at Focus SB, an electrical accessories manufacturer in St Leonards for a private factory tour. This year the company won the first ever King’s Awards for Enterprise and was formally recognised for excellence in international trade.

Her Royal Highness is Patron of Women into Science and Engineering. She viewed in-house manufacturing and finishing processes, met employees and discovered how Focus SB supports its local communities, notably Little Gate Supported Employment.

Mr Stevens said: “It’s a huge honour for an SME based in Hastings to have the recognition of a King’s Award, one of the most prestigious awards a company can be bestowed.”

VAGINA MUSEUM TO REOPEN International law firm Womble Bond Dickinson (WBD) has provided pro bono services to help ensure the world’s first museum dedicated to the vagina was able to find a new home.

London’s Vagina Museum has reopened in Poyser Street, Bethnal Green after WBD secured the lease to the new property.

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Amazing things happen when women help other women Kasia Gospoś

The museum, which works to reduce the stigma of gynaecological anatomy, will now be able to house exhibitions across three gallery spaces, alongside a café and space for workshops and performances.

The WBD team spread across the firm’s London and Newcastle offices worked to finalise the deal, ensuring the lease was completed following the granting of planning permission.

$320BN GENDER GAP IN AFRICAN BUSINESS FINANCING The Nigerian Minister for Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu has said that her ministry will work towards policies that will bridge the $320 billion finance gap between African women and their men counterparts.

This is as over 30 female business stakeholders gathered in Lagos at the Gender Impact Investment summit, to discuss how to close the gender financing gap in Africa. She emphasised the need for gender lens investing and called for concrete steps to increase women’s participation across the impact investing value chains from asset owners to fund managers.

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I have learned over the years that when one’s mind is made up, this diminishes fear; knowing what must be done does away with fear Rosa Parks, US Civil Rights Activist

PAY GAP BETWEEN DISABLED AND NON-DISABLED GROWS In marked contrast to the - albeit too slowly - narrowing gender pay gap, new analysis shows the disabled pay gap between workers in the UK is 14.6% – higher than it was a decade ago.

The analysis, carried out on behalf of the Trades Union Congress, reveals that the pay gap for disabled workers across the board is £1.90 an hour, or £66.50 per week; more than the average household weekly food shop bill (£62.20). Disabled women face even bigger pay penalty – 30%, or £3.73 an hour.

That makes for an annual pay difference of £3,460 for someone working a 35-hour week, and means that disabled people effectively work for free for the last 47 days of the year. www.platinummediagroup.co.uk

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FE ATURE PROMOTIONAL

Wellesley’s SAMANTHA KAYE looks at how to spread joy this Christmas... without breaking the bank!

Five festive budgeting tips that keep on giving ’Tis the season of joy, merriment… and spending! It’s easy to get swept up in the festive spirit, so it makes sense to plan ahead to avoid unwelcome financial surprises come January.

Here are my top tips for managing your budget at Christmas, and how you can give something far more valuable than gold chocolate coins to your little ones.

NOT THE ONLY 1SANTA’S ONE WHO NEEDS A LIST

It’s true. Christmas is a time of excess and, regardless of your financial situation, the demands of gift buying and hosting guests can put a strain on your bank account. Take a close look at your finances to determine how much you can comfortably spend, and divide this into categories such as gifts, dining out, charitable donations and your usual monthly expenses.

2 DO YOUR RESEARCH

Being savvy in your shopping is nothing to be sniffed at, especially when it comes to trimming the cost of that latest tech gadget your child/grandchild/niece/nephew has their heart set on (we’ve all been there!). Take the time to compare prices before you buy.

3 BE SAVVY WHEN TREATING YOUR TEAM

If you’re a business owner, brush up on the tax rules surrounding corporate Christmas gifts for employees/ clients, as well as the all-important Christmas party.

Sticking to a budget and helping provide for the financial well-being of loved ones are among the best gifts you can give yourself 10

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4 GOOD FOR THEM – AND YOU

Consider gifting cash as a Christmas present. It will not only be a welcome gift for your loved ones, but it could also lead to significant tax savings for you.

You can gift up to £3,000 per year, and you can make numerous small gifts of up to £250 each as part of your Inheritance Tax (IHT) planning. In fact, almost all gifts are exempt from IHT if you survive for seven years after giving, but bear in mind you’ll need to keep records of the amounts and dates of any gifts you make.

5 LOOK AHEAD

While it’s not quite ‘six geese a-laying’, if you’re keen to create a nest egg for your children or grandchildren, opening or contributing to a child’s pension or Junior ISA can be a thoughtful and forward-looking present that provides them with a head-start in life. These tax-efficient savings options can only be opened by a parent or legal guardian, but anyone can contribute.

As we can see, sticking to a budget and helping provide for the financial well-being of loved ones are among the best gifts you can give yourself this Christmas.

It’s always a good idea to talk to your financial adviser to ensure there are no unforeseen post-Christmas surprises from the taxman. If you want to discuss tax-free gifting in more detail, contact me today to arrange a no-obligation chat.

Wishing you a merry, tax-savvy Christmas!

Contact me today to arrange a no-obligation chat.

Samantha Kaye, Chartered Adviser, Wellesley House, 50 Victoria Road, Burgess Hill, West Sussex, RH15 9LH E: samantha.kaye@sjpp.co.uk www.wellesleywa.co.uk

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

St. James’s Place guarantees the suitability of advice offered by Wellesley when recommending any of the services and products available from companies in the Group. More details of the Guarantee are set out on the Group’s website: www.sjp.co.uk/products.

Wellesley is a trading name of Wellesley Investment Management Ltd. The Partner Practice is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website www.sjp.co.uk/products Registered Office: 44 The Pantiles, Tunbridge Wells, Kent, England, TN2 5TN. Registered in England & Wales, Company No. 06530147.

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STORY BIG

Margherita Della Valle

COMMUNICATIONS, MERGERS AND CUSTOMER SERVICE Vodafone UK is currently negotiating a merger with Three UK, in what would eventually make the largest mobile phone company in the UK. At the helm of Vodafone is Margherita Della Valle. After decades of male domination in the industry, Della Valle appears to have had the flag of ‘women in business’ thrust upon her, and shareholders and spectators alike seek to see how her first major deal as CEO will unfold.

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STORY BIG

M

argherita Della Valle was born in 1965 and grew up in Veneto City, Italy. After gaining a master’s degree in economics from Bocconi University in Milan, she became part of Omnitel Pronto Italia, which ultimately transitioned to Vodafone Italia in 1994.

TELECOMS CAREER

She held the role of Chief Financial Officer for Vodafone Italia between 2004 and 2007. Between 2015 and 2018, Della Valle served as Vodafone’s Deputy Chief Financial Officer.

In April 2023, Della Valle was appointed as the CEO of Vodafone, becoming the first female CEO of the company, having temporarily assumed the role in January, succeeding Nick Read. She is one of a small elite group of women to have reached the top of the telecoms industry.

International communications giant BT will, from 2024, be led by Allison Kirkby; French group Orange has been run

by Christel Heydemann since 2022. So is this a big moment for women in the industry, marking a significant challenge to the decades of male domination?

IN HER OWN WORDS

“I think it is a great thing. Until a year ago it was all men at the top,”Della Valle told This Is Money.

“The breakthrough is about time. It had to happen sooner or later. Times are moving on. It is going to happen everywhere, not just in telcos.”

Della Valle says believes the unconscious bias against women still pervades, making it harder for them to reach the boardroom. However, once they have broken through, Della Valle feels being female can be come with enormous positives.

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Della Valle believes mergers within the industry are what will help drive investment and technology “Being a woman in business today is a bit of a superpower because you bring a different voice,” she says. “It is very difficult to get around the table. But once you are there, your voice can really be heard because you have a different perspective.”

Della Valle’s rise to Chief Executive has been a long time coming. She first joined a previous incarnation of Vodafone in Italy in 1994. Her ultimate promotion to CEO came after her predecessor, Nick Read, was ousted late last year, following sluggish share prices for the company.

There were some, at the time of her appointment, who felt that she was too close to the previous regime, and didn’t necessarily bring a new enough ideas to the table. Less than a year in the role, she dismisses that notion.

“Has anyone before me made so much change in so little time?

My first message as chief executive was everything has to change here.”

To those not in the industry, telecoms may seem a bit, well… nerdy. Della Valle, though, loves it. She keeps in her office a piece of transatlantic telegraph cable, laid by the Eastern Telegraph Company between the US and Cornwall in the late 19th Century.

She is exceptionally proud of how Vodafone restored communications to earthquake-hit Turkey earlier in 2023 with equipment flown over in three suitcases. “We call it a network in a suitcase.

With those three suitcases in an earthquake zone, we created an instant network that is fully autonomous and connects with a satellite.’

MERGER WITH THREE

Vodafone is losing share in Germany, its biggest market. It is also failing to make good enough returns in the UK, Spain and Italy. Della Valle’s view is that there need to be mergers so that beefed up telecom firms can make a decent return and deliver the investment needed in 5G, the new, faster and more responsive mobile technology.

With Vodafone also losing share across many territories in western Europe – something she blames on ‘too many players in the market’, she believes mergers within the industry are what will help drive investment and technology.

In the UK, she is pressing ahead with Nick Read’s planned £15 billion merger with Three UK, which is owned

by Hong Kong investment giant CK Hutchison.

Her hope is that the deal will go through by the end of 2024.

Vodafone and Three are the third and fourth largest operators in the UK respectively. EE, owned by BT, is top of the pile, followed by Virgin Media O2, itself owned by Telefonica of Spain and Liberty Global in America.

A combined Vodafone and Three would send the new company to the top, giving it 27 million customers, compared to Virgin Media O2’s 24 million. It is, therefore, not surprising the Competition and Markets Authority (CMA) is taking a keen interest in the proposed deal.

Vodafone and Three UK say they will invest more than £11 billion over a decade to create an advanced 5G network.

Their claim is that the deal will create up to £5 billion of economic benefits a year by 2030, by giving businesses, households, schools and hospitals state-of-the-art connectivity.

The CMA blocked a bid by Three to buy O2 in 2016, but Della Valle insists that does not set a precedent.

‘The joint venture will be controlled by Vodafone.

+

We appoint the chief executive,” she says.

Her argument is that the merged group will generate strong enough returns to take on the scale of investment needed to modernise.

On jobs, conversely, Della Valle concedes there will be cuts but is sworn to believe ‘it is a net positive’ for the UK overall. She says: ‘There will be a degree of job reduction, but it will be much smaller than the opportunity for the economy more broadly, which will be driven by digitisation.” She insists 8,000 to 12,000 jobs will be created indirectly.

This is the first major deal for Della Valle in her new role. Winning these arguments is vital for her credibility as a CEO, and a female one at that.

She also places customer service as one of her three main priorities in her role, along with growth and simplifying the company. With that in mind, Vodafone is investing £150 million to improving customer service across Europe.

INTO 2024

Next month, she is taking the whole board to – of all places – Stoke on Trent, where Vodafone has its main UK call centre with 750 staff. This is in order for them to experience life on the ‘shop floor’.

On growth, she sees small and medium-sized firms as a ‘huge opportunity’. Many need to digitise but are too small to have their own IT departments and potentially will look to companies such as Vodafone for help.

Shareholders are watching closely to see whether she will succeed where predecessors failed. They are unlikely to tolerate fresh disappointment. While Della Valle isn’t the only female CEO within the telecoms industry, the completion and success of both the merger, and carrying out her personal priorities will – rightly or wrongly – be a major pointer for the shareholders to see if her appointment was the right one.

SO FEW FEMALE CEOs…

Margherita Della Valle is an Italian businesswoman who has been the CEO of Vodafone since January 2023. She was elected Chairman of 100 Group, the association that brings together FTSE 100 CFOs. She is also one of only nine female chief executives at the UK’s top 100 listed companies.

Debra Crew Diageo

Jette Nygaard- Amanda Blanc Andersen Aviva Entain

Milena Mondini Dame Emma de Focatiis Walmsley Admiral Insurance GSK

Louise Beardmore United Utilities

Jennie Daly Taylor Wimpey

Liv Garfield Severn Trent

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BUSINES S

The University of Surrey’s Institute for People-Centred AI and the StoryFutures unit at Royal Holloway, University of London, will be the home to a new UK Research and Innovation (UKRI) Centre for Doctoral Training (CDT) in AI for Digital Media Inclusion

Doctoral training in AI for digital media at Surrey Universities This CDT will combine Surrey’s world-leading expertise in peoplecentred artificial intelligence (AI) with Royal Holloway’s track record of innovation in next-generation digital media.

The Centre will establish a unique creative industry hub for high-quality training in responsible AI, inclusive design and creative skills, catalysing UK leadership in media inclusion for the whole population.

Digital media inclusion is essential for equality across society - it is the primary interface for access to education, healthcare, entertainment, finance and government services, but current media is often produced as one-size-fits-all, creating barriers to societal inclusion.

AI has the potential to transform media into intelligent content that dynamically adapts to individual preferences addressing the needs of diverse audiences, and encompassing factors such as age, language, neurodiversity, and sensory and physical abilities.

AI can be a true leveller ❛❛ of people and a liberator of ideas.

At Surrey, we focus on nurturing the soul of AI with inclusivity, diversity and fairness at its heart. We welcome the announcement of the CDT in AI for digital media inclusion.

This is a recognition of the importance of people-centred AI doctoral training and a vehicle to help us deliver a transformative challenge-led programme in collaboration with Royal Holloway and all the industry partners who have signed up for this innovative approach Professor Max Lu, President and Vice-Chancellor, University of Surrey

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WHAT MAKES THE TRAINING PROGRAMME UNIQUE?

The CDT will train a new generation of more than 80 industry-ready PhDs to lead the transformation to responsible AI-enabled inclusive media. This will forge a ground-breaking challenge-led model, co-designed and co-delivered with creative industry and enduser partners to remove significant real-world barriers to media inclusion.

Working in multi-disciplinary cohort teams to develop leadership, peerlearning and teamwork, the Centre will aim to deliver compre-hensive multi-faceted AI solutions combining creative, technical, behavioural, linguistic, social and legal expertise, designed with inclusion for all at its heart.

Surrey’s PhD cohorts will benefit from the Centre that brings together two world-leading centres; Surrey’s Institute for People-centred AI, number one in the UK, with over 35 years of pioneering research at the forefront of fundamental AI and machine learning; and StoryFutures’ experience of leading creative innovation in next-generation inclusive digital media at Royal Holloway.

PARTNERSHIP WITH THE CREATIVE INDUSTRY

AI-enabled inclusive media is a key driver for the creative industries to grow audience size, loyalty and revenue, but this is severely limited by access to individuals with key AI and creative skills.

Creating digital media content and services that are inclusive for all is essential for societal equality, and a business necessity to increase engagement for diverse audiences.

The so-called ‘Purple pound’ alone is valued at over £274bn per year in the UK. The challenge-led training will foster a responsible creative AI ecosystem partnering with over 50 organisations from big-tech corporations to creative SMEs and user organisations to address real-world inclusive media challenges and realise the impact on society and the UK economy.

Safe, responsible AI innovation ❛❛ will deliver benefits right across the economy and society.

The advances it could unlock for our creative industries are the perfect example of this.

With government backing, this centre will break down accessibility barriers in digital media by using AI to create personalised media experiences, meaning everyone can access information and entertainment regardless of age, background, or disabilities Former Minister of State at the Department for Science, Innovation and Technology, Paul Scully MP

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For more information visit www.surrey-research-park.com www.platinummediagroup.co.uk

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CELEBRATING THE REMARKABLE ACHIEVEMENTS OF BUSINESSWOMEN ACROSS THE SOUTH EAST SUSSEX – SURREY – KENT – HAMPSHIRE

THE AWARDS OPEN FOR ENTRIES TO ENTER VISIT WWW.PLATINUMMEDIAGROUP.CO.UK

ENTRANTS CAN SUBMIT UP TO THREE SUBMISSIONS | £25 PER ENTRY ENTRY DEADLINE: February 7th 2024 AWARD CEREMONY: April 30th 2024

THE GRAND BRIGHTON

PROUDLY SPO

MAGA ZINE

ONSORED BY

THE 2024 AWARD CATEGORIES INNOVATOR OF THE YEAR BUSINESS GROWTH AWARD EMPLOYER OF THE YEAR BUSINESSWOMAN OF THE YEAR CEO OF THE YEAR INSPIRATIONAL AWARD LARGE BUSINESS OF THE YEAR MEDIUM BUSINESS OF THE YEAR SUSTAINABILITY CHAMPION AWARD BEST NEW BUSINESS AWARD LIFETIME ACHIEVEMENT AWARD COMMUNITY HERO AWARD PROFESSIONAL SERVICES AWARD YOUNG PROFESSIONAL OF THE YEAR PROPERTY PROFESSIONAL OF THE YEAR COMPANY OF THE YEAR

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FE ATURE

FACT: Feminism does not equate to misandry In a world quick to jump to conclusions, Dr. Aífe HopkinsDoyle from the University of Surrey embarked on research that would span continents and cultures. She gathered nearly 10,000 participants across various countries including Italy, the United States, Japan, and others.

Each person brought their unique perspective to a study that sought to unravel a deeply rooted question: Are feminists, by their nature, biased against men?

The study’s revelations were as profound as they were surprising.

The ingrained narrative that feminists are anti-men was significantly challenged. This research, which stands as a monumental achievement akin to the ‘World Cup’ of gender studies, illuminated the reality that feminists – far from being adversaries of men – actually exhibit attitudes toward the opposite sex that are as positive as those of non-feminists.

In the UK, feminists did express concerns regarding the implications of certain male behaviours on women’s rights and safety. However, this was not synonymous with a negative view of men. Rather, it suggested a complex, more discerning stance: an awareness infused with caution, not contempt. It’s a subtle yet significant distinction that paints feminists not as detractors but as vigilant advocates for equality and safety.

The study also shed light on the dynamics of feminist activism. Engagement in movements such as #MeToo was indeed passionate and fervent, but this passion was not indiscriminately directed against men as a whole.

Instead, it was targeted at specific issues of injustice.

Feminist activism, therefore, was not reflective of a blanket disdain but a focused discontent with particular societal wrongs.

The implications of Dr. HopkinsDoyle’s work are far-reaching. It challenges the stereotype of the ‘angry feminist’ and urges a recalibration of our understanding of the feminist movement. It’s a clarion call for a more informed, empathetic approach to discussions on gender dynamics.

This nuanced understanding is a beacon for future discourse in gender relations. It’s a narrative that encourages all of us to look beyond the surface, to seek understanding before judgment, and to recognise that, at the heart of feminism lies a desire not for division but for the unity of equal rights and respect.

Feminists did express concerns regarding the implications of certain male behaviours on women’s rights and safety.

However, this was not synonymous with a negative view of men

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The Misandry Myth: An Inaccurate Stereotype About Feminists’ Attitudes Toward Men can be read here.

The nomination for Julie focused on her leadership of Coast to Capital LEP projects leveraging investment and partnerships to realise transformational projects across the region

Double delight for Surrey business and education leader Julie Kapsalis, Principal and CEO of the North East Surrey College of Technology (Nescot) and Chair of the Coast to Capital LEP and Catalyst South, has been named Leader of the Year at the Institute of Economic Development (IED) Annual Awards 2023.

The awards, which were hosted in Birmingham following the IED Annual Conference ‘Grow for Good? Reappraising the UK’s Growth Objectives,’ recognise achievers in the public and private sector through a series of individual, team and organisational categories.

The Leader of the Year award is for economic development professionals who demonstrate outstanding leadership and management in their role, and who motivate and inspire their team to achieve success through effective leadership.

The nomination for Julie focused on her leadership of Coast to Capital LEP projects leveraging investment and partnerships to realise transformational projects across the region, bringing a range of education providers and large employers together to secure over £15 million of investment to open the new Sussex and Surrey Institute of Technology, and her personal support for a range of organisations in the region.

Julie was also Highly Commended in the Equality, Diversity and Inclusion (EDI) Champion of the Year category, which recognises individuals who strive to actively promote, celebrate and raise awareness of EDI, improving under-represented involvement in economic development in their organisation or externally.

After the ceremony, Julie said: “To receive the Leader of the Year award is an incredible honour and one that I share with colleagues at Nescot, Coast to Capital LEP and Catalyst South. As a member and fellow of the IED, to be recognised by my peers is humbling – but it is also reward for the wonderful people and teams I am proud to be part of. I am passionate about the link between education and business, and have a particular interest in promoting and advancing EDI within economic development and further education, so to be recognised for this additionally is both amazing and unexpected.” https://ied.co.uk/news_events/winners_and_highly_ commended_entries_revealed_at_ied_annual_awards_2023 www.platinummediagroup.co.uk

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We meet no ordinary people in our lives C.S. Lewis

BREAKTHROUGH TREATMENT FOR CERVICAL CANCER A pioneering cervical cancer treatment utilising affordable, established medications has been hailed the most significant advance in 20 years.

A Cancer Research UK-backed trial with 500 patients showed that administering a six-week chemotherapy regimen before standard chemoradiation cuts the risk of death or recurrence by 35%. Study authors hope the use of existing drugs – carboplatin and paclitaxel – means the treatment can be rolled out relatively quickly.

“This is the biggest improvement in outcomes in this disease in over 20 years,” said lead investigator Dr Mary McCormack, from University College London’s Cancer Institute.

IN THE RIGHT

DIRECTION

GOVERNMENT TO REMOVE SOME RESTRICTIVE IVF RULES The UK government is set to abolish outdated IVF regulations that restrict access for individuals with HIV and impose costly screening on lesbian couples. The changes will allow couples with HIV to use IVF, especially when the HIV viral load is undetectable, thus preventing transmission. The aim is also to grant female same-sex couples equal rights in the conception process, eliminating the expensive mandatory infectious disease screenings that heterosexual couples are not subjected to. This move is intended to alleviate the emotional and financial burden on those facing fertility challenges.

LATVIA LEGALISES GAY PARTNERSHIPS Latvia has marked a milestone by legalising same-sex civil partnerships, following the appointment of its first openly gay head of state. This progress, championed by President Edgars Rinkēvičs, reflects the country’s commitment to inclusivity and respect. Set to be effective from mid-2024, the law acknowledges same-sex couples with legal recognition, hospital visitation rights, and certain fiscal and social security advantages. However, it falls short of granting full rights akin to heterosexual marriages, such as child adoption. Prime Minister Evika Siliņa celebrated the development, seeing it as a significant step towards a more progressive and compassionate Latvian society.

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ATTITUDES TOWARDS IMMIGRATION SOFTENING In a notable shift, British attitudes towards immigration have become more positive. The European Social Survey, tracking opinions every two years since 2001, reveals a favourable trend post-Brexit, with the latest findings indicating that 59% of Britons now see immigration as positive for the economy, an increase from 17% in 2002. Additionally, 58% appreciate the cultural enrichment brought by immigrants, up from 33%, and 56% feel that immigration enhances the UK as a place to live, a significant rise from 20%.

ICELAND’S PM JOINS A MASS WALKOUT OVER INEQUALITY Iceland’s Prime Minister participated in a significant walkout for gender equality, marking the nation’s first such protest in decades. A massive turnout saw 100,000 individuals, a significant portion of Iceland’s population, rally in Reykjavík against unequal pay and gender-based violence. More protests disrupted services nationwide. PM Katrín Jakobsdóttir expressed solidarity, anticipating her cabinet’s support. Despite Iceland’s reputation as a gender equality leader, confirmed by the World Economic Forum, disparities persist, necessitating action, as highlighted by strike leader Freyja Steingrímsdóttir.

FRANCE ENHANCES ABORTION RIGHTS President Emmanuel Macron announced that starting next year, abortion will become a constitutional right in France, ensuring its permanence. This follows his statement in March 2023 addressing the reduction of abortion rights in the U.S., expressing his intent to solidify abortion freedoms in French law. Although abortion has been legal in France since 1975, it was not constitutionally protected. To expedite the process, Macron aims to pass the amendment with a three-fifths majority in a joint parliamentary session.

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Enjoy life.

There’s plenty of time to be dead Hans Christian Andersen

ENGLAND LICENSES A DRUG TO PREVENT BREAST CANCER Anastrozole, a drug previously used to treat breast cancer, has now been licensed in England as a preventative measure for the disease.

It has been shown to cut the risk of breast cancer by nearly half in at-risk post-menopausal women.

This development, hailed by Cancer Research UK, is significant as anastrozole’s off-patent status allows multiple manufacturers to produce it, substantially reducing its cost.

The price for a five-year regimen of the drug is now approximately 4p per day.

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In our exclusive Spotlight feature, we highlight women who are doing good things in their community.

They’re not always seen but we think they should be.

SPOTLIGH T Sophie Mogford-Revess Sophie is the Operations Director at fire detection specialist, LGM Products, based in Fleet, Hampshire Embracing a childhood filled with international adventures, I discovered the profound joy of travel and the invaluable lessons gained from connecting with diverse cultures. Guided by a passion for global sales and marketing, I embarked on a journey into the B2B corporate world with Johnson & Johnson. I was fortunate to have mentors who urged me to step beyond my comfort zone, fostering personal and professional growth.

Seeking a shift away from the corporate landscape, I found myself drawn into the fire safety industry. Despite commendable efforts to encourage women in STEM, I observed a lingering gender gap affecting women’s advancement in engineering-related fields, a phenomenon illuminated in Claire Shipman and Katty Kay’s excellent book, “The Confidence Code” – a must read!

Joining LGM Products, I set out to elevate the company as a leading fire detection company in marine, industrial, and power generation sectors. Often the sole woman in rooms filled with business leaders, I navigated the challenges of confronting traditional gender norms, particularly in markets where women’s presence is less embraced. I have actively pursued global markets, collaborations with international distributors has expanded our reach to over 80 countries, proving that breaking barriers knows no boundaries.

As an advocate for change, I am determined to be a catalyst for progress. We each possess the power to be architects of change, to use our voices and influence for good 24

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In the male-dominated fire industry, positive shifts are underway, evidenced by initiatives like the Women in Fire Safety Awards. In 2023, I was delighted to be the recipient of Business Manager of the Year. As well as being personally honoured to be recognised by these industry awards, I am inspired by the other women acknowledged at these ceremonies, and the change they are bringing to such a historically male -dominated world.

As an advocate for change, I am determined to be a catalyst for progress. We each possess the power to be architects of change, to use our voices and influence for good. Let us collectively be the change we aspire to see, shaping a more inclusive and empowered future for everyone. www.lgmproducts.com

Anna-Marie Trzebinski Anna-Marie is founder and Creative Event Director of AMTEvents.

She chats with us here at Dynamic I am incredibly proud of the journey AMTEvents has taken so far. We were honoured to be a Surrey Business Awards ‘Startup Highly Commended’ Winner; became a finalist for the Central South Business Awards 2023 ‘Start-up of the Year,’ and also received recognition as a finalist for the Dynamic Awards 2023 ‘Creative Industries Award.’

As a boutique agency specialising in crafting events for B2B clients, my role involves passionately weaving creative and beautiful event stories to deliver captivating guest experiences that drive business or personal goal outcomes for our clients.

My career in this space began approximately 15 years ago, initially cutting my teeth with events at London Fashion Week. Over the years, I’ve expanded our clientele base to include industries such as finance, film, technology, and real estate, with AMTEvents welcoming clients from various sectors.

The inception of AMTEvents traces back to a significant moment in March 2020 when I faced redundancy while expecting my little one. This unexpected turn of events provided the impetus I needed to realise my long-held dream of starting my own agency. Following months of focused vision and values development, AMTEvents officially launched in June 2020.

Being a founder comes with its share of challenges.

Balancing work and personal life has been a significant hurdle, along with navigating the ebbs and flows of the business landscape. Through the past three years, I’ve learned to trust the process, adapt as the business evolves, and use quieter times to reset and plan ahead. Effective communication and shared calendar organisation with my husband have proven crucial in maintaining equilibrium.

Being a founder comes with its share of challenges.

Balancing work and personal life has been a significant hurdle Amidst the challenges, there have been moments of great pride. One standout achievement was winning the opportunity to produce the Global Triathlon Awards in Nice – a massive project that turned out to be a resounding success. The positive outcome has opened doors to new clients through referrals, and I am optimistic about expanding our agency’s staff in the coming year.

Looking ahead, in a perfect world, I envision AMTEvents becoming renowned for its creative and design-focused approach to events on a larger scale. I aspire to establish an inhouse nursery to support our staff and continue working with clients who have been with us since the inception of the agency. In ten years’ time, I see AMTEvents as a thriving force in the event industry, known for its creativity, design excellence, and long-standing client relationships. www.amteventsglobal.com

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SPOTLIGHT

Jenni Riley Jenni Riley is Co-Founder and Chief People Officer at ITARMI, a Leatherhead-based global IT support company

When we embarked on our journey of launching our business back in 2017, I must admit I had little experience with technology, and I certainly had zero experience with starting a business. I was very nervous, especially given the predominantly male-dominated nature of the IT industry.

I often found myself feeling out of my depth. However, I had good organisational skills and the ability to bring people together, which came from my career as a board-level PA and my time spent as a campaign manager. These skills, I believed, would be valuable in our mission which was to create an on-demand IT service platform that connected companies with highly skilled IT engineers on a global scale.

Throughout our business journey, we encountered the usual typical hurdles that come with starting a business.

But what took me by surprise were the personal challenges I had to face. When I reflect on the situations that stand out the most, I recall instances where some associates attempted to manipulate me.

There were encounters with managers who overtly attempted to marginalise my role and authority as a woman at the helm, investors that expressed doubts about my involvement in the business long term, suggesting that I should be at home raising a family and – to top it off – one investor even suggested that they would only invest if my husband fired me. And that was on a good day!

For a while, it felt as though I was constantly in a defensive mode, fighting to ensure my voice was heard, and working relentlessly to prove my worth, not only to others but also to myself. I grappled massively at times with imposter syndrome and self-doubt, but I was adamant to not let anyone else dictate my future.

There were investors suggesting that I should be at home raising a family and – to top it off – one investor even suggested that they would only invest if my husband fired me That was a decision I was determined to make for myself!

I pushed back hard, making sure to participate in as many meetings and calls as possible, ensuring that every word and action I contributed added value. I felt it was essential for me to demonstrate, not only to others but to myself, that I rightfully earned my place in this business.

Fast forward six years, I can confidently say that whilst the journey still isn’t entirely free from challenges, we’ve made significant progress. There are now many more women occupying high-ranking positions in the IT industry, and together, we are shattering the barriers that once stood in our way.

I actively engage in women-led committees, panels, and groups to ensure that as women, we have a strong and influential voice, and that we are collectively paving the way for more women to not only enter the IT industry but to also have opportunities to climb those corporate ladders that we so deserve. www.itarmi.com

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E N G L I S H S PA R K L I N G W I N E

D R I N K R E S P O N S I B LY

WELLBEING

Women would rather blame childcare issues than talk to the boss about gynaecological health

The need for improving women’s health initiatives The Eve Appeal, the leading gynaecological cancer charity, has unveiled a concerning lack of comfort and awareness surrounding women’s health issues in the workplace, emphasising the urgent need for improved dialogue, education and supportive polices to be put in place

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Throughout my career, I have always believed it is vital for women to be supported at every stage of their career.

There are ongoing inequalities to address, including support for women’s unique health needs throughout their career and life stages. This research from Eve shows that organisations who have effective women’s health policies in place are more likely to recruit and retain the best people and win the race for talent. This means taking action to end stigma, introduce appropriate policies, build awareness, and start a conversation. For women at all stages, it can

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be a game changer Sarah Morris, Partner, Human Capital, Bain Capital Private Equity

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The survey, conducted by YouGov, uncovered a stark reality of workplace gender disparities through questioning 2,425 working women in the UK in 2023.

STIGMA AND CAREER CONCERNS

Gynaecological health issues came top of the conversations employees would not like to discuss with their boss – from periods through to menopause. More than a quarter (27%) were uncomfortable talking to their boss about cervical screening, while the same number would also be uncomfortable telling their boss if they experienced miscarriage (27%).

Meanwhile, 29% of respondents shared that they wouldn’t openly discuss perimenopause or menopause symptoms.

Out of the women surveyed, most were more comfortable talking about a cancer diagnosis, with only 17% not wanting to talk about this at work, and only one out of ten would not want to speak about childcare issues with their boss.

EVERY WOMAN PROMISE

COMMUNICATION CHALLENGES Nearly a third (29%) said they would prefer to say they had a tummy bug, while 22% would go as far as taking annual leave to avoid disclosing the real reason they were unable to work.

WOMEN’S HEALTH IS GOOD FOR BUSINESS

Employees don’t just look at pay when accepting a job role; looking after their health and wellbeing in the workplace is also important. The survey highlighted a strong desire for supportive policies related to women’s health in the workplace with 48% expressing that their employer having a wellness or health policy in place that directly impacts them was very important, with only 3% stating it was not important at all.

Nearly six in ten of respondents said they would be more likely to remain in their current role if their employer implemented women’s health policies. With the average cost of recruiting an employee in the UK being £3,000*, staff retention is good for business. Alongside this, 75% of those who participated in the survey said they were more likely to accept a role at a business with female-centred policies in place.

The Eve Appeal has developed a workplace programme on gynaecological health - the Every Woman Promise - to assist in addressing these issues. The initiative is focused on improving the health of your employees, creating a positive working environment, and removing the stigma around gynae health issues. By implementing policies that directly focus on women’s health, it empowers both employees and managers to break down taboos in the workplace so that more women will feel comfortable and supported in their place of work.

As Athena Lamnisos, CEO of The Eve Appeal, tells us, “Implementing health initiatives such as The Eve Appeal’s Every Woman Promise programme isn’t just good for a large percentage of your staff, it’s also good for business. Our research demonstrates the positive impacts on employee satisfaction and retention rates.

“Our findings shed light on the pressing need for a shift in the workplace culture and policies to be implemented so that women feel comfortable discussing essential health matters without fear of repercussions or judgement.”

For more information and resources on gynae health and workplace policies please visit: eveappeal.org.uk/everywoman Recruitment agencies typically charge around £3,000 per new employee, which they base on a fee of 20-30% of the average salary of an employee. According to the Office for National Statistics (ONS), the mean national average salary in 2021 was £38,131 for a full-time employee and £13,549 for a part-time role.

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Sadly, topics surrounding women’s gynaecological health are still considered taboo. The shame and embarrassment around the topic needs to be obliterated and it begins with having open and frank conversations, and normalising these discussions.

Such training and health initiatives guided by experts in the field can make a positive difference both to employees, and in the long run, businesses too Dr Aziza Sesay, GP and women’s health expert

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WELLBEING

What’s the deal with detox?

Is it necessary?

No sooner do we put down our knife and fork on Christmas day when we are bombarded with adverts and social media posts promoting the packages and promises of a much needed ‘detox’ that will deliver weight loss and deliverance from all our overindulgence. But do we actually need to punish ourselves with juice fasts, boot camps and meal replacements?

BY TANYA BOROWSKI 30

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No! Our bodies are equipped with an amazing built-in system to detoxify: our liver, gut, kidneys, lungs, lymphatic system and the skin.

Toxins can be excess hormones, environmental pollutants, acetaldehyde from alcohol, additives and fillers in many processed foods and ready meals. They are transformed by enzymes that exist in the liver and also in the gut, into water-soluble substances and excreted through the urine, bile and faeces, detoxifying the body.

For all our Dymanic readers, I’d like to share my fabulous five health tips for 2024 that will help tip the balance back into some equilibrium, accompanied with the reasoning why, without beating you with a guilty stick or asking you to live off green juices for a month!

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MY FABULOUS FIVE TIPS FOR A HEALTHY AND INFORMED NEW YEAR!

1 MEAL TIMING

Eat two to three meals a day rather than snack and graze all day. Without even realising, many of us are eating up to 16 hours a day. Leaving four-to-five hour gaps between meals or practising eating in an eighthour window during the day reduces inflammation and also stimulates a wonderful protein called brainderived neurotrophic factor (BDNF). BDNF influences a variety of functions including: preventing the death of existing brain cells (sounds good!), inducing the growth of new neurons and synapses and supporting cognitive function. Low levels of BDNF have been linked to: Alzheimer’s, accelerated ageing, obesity and depression.

2 TAME INFLAMMATION

Chronic low-grade inflammation (also termed silent inflammation) is now documented as the predominant underlying cause of a range of chronic conditions from heart disease, arthritis, diverticulitis and colitis to obesity – to name a few.

Inflammation is a vital process that our body uses to mount a response to a perceived threat in the form of infection or a physical injury. However, there are two different types of inflammation.

One type is ‘classical’ inflammation, which is usually associated with pain. This type of inflammation can also result from an overactive immune system that is constantly turned on so that the body attacks itself. This is precisely what happens in the case of autoimmune diseases like rheumatoid arthritis.

Silent inflammation, on the other hand, is different in that it is below the threshold of perceived pain. As a result, no action is taken to stop it, and so it smoulders for years, causing continued insults on the body – system wide: the heart, the immune system, the brain etc.

One of the largest contributing factors to smouldering silent inflammation is eating. The very act of eating is inflammatory, so eating or grazing for 15-18 hours a day by definition is adding fuel to the fire. I’m sure most of us don’t think that we do actually eat for this length of time each day, but consider this as a typical day: Wake at 6am and have a coffee at the station on the way into work at 6.30am. Breakfast at 8.30am, coffee or cup of tea and a piece of fruit. Apple at 11am, lunch at 1pm, cup of tea and snack at 4pm, nibble on kids’ tea at 6.45pm.

Dinner at 8pm, cup of tea and square of chocolate at 9pm is 15 hours of continuous grazing.

So, again consider eating in a smaller window of eight hours, i.e breaking your fast at midday rather than at 6.30am at least three days a week and also being mindful to leave four to five hours between meals and not snacking.

Our bodies are equipped with an amazing built-in system to detoxify www.platinummediagroup.co.uk

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WELLBEING

WHICH FOODS ARE THE MOST INFLAMMATORY 3 CONSIDER

Research has demonstrated that both high levels of refined sugar and saturated fat produce dysfunctional proteins and inflammatory responses. As such, my tips are to: • Cut refined sugar: Throw away the refined sugar products (crackers, crisps, pies, scones, biscuits, etc). Recent studies showed sugar addiction to be a more powerful stimulator of dopamine reward pathways than cocaine. While it’s hard at first, going through a sugar detox will free you from the need to eat every hour or two to keep blood sugar stable and will give you mastery and control over your food choices since you’re not following cravings. Once you cut it out, you’ll notice the beauty of mother nature’s sweetness such as a handful of berries and some nuts and you’ll find confectionery a thing of the past!

• Lower saturated fat intake: This is a type of fat that contains triglycerides with only saturated fatty acids.

Foods with high saturated fats include cheese, fatty meats, lard, coconut oil and butter. I am not advocating to stop butter and cheese altogether, rather think about your intake in an overall day. Butter, for example, is a fantastic source of vitamin A, which is needed for a balanced immune system but a daily diet of croissants and shop bought ready meals is tipping the balance too far. Similarly, the fad of all fats being replaced with coconut oil is flawed too.

Eat two to three meals a day rather than snack and graze all day

4 BUILD STRONG FENCES

In a normal, healthy gut lining there are epithelial cells forming tight junctions that allow certain molecules to pass across into the bloodstream, such as vitamins, minerals and digested food in the form of amino acids, glucose and some fatty acids. However, it also acts as a barrier preventing entry of larger damaging molecules, foreign particles and bacteria.

This intestinal lining is very delicate and can be easily damaged by poorly digested foods, provocative proteins (such as gluten), medications (especially antibiotics and NSAIDs), nutritional deficiencies (especially zinc, vitamin D and A), microbiome disruption (dysbiosis) and inflammatory food triggers.

When there is damage to this lining, it can open up slightly, causing a condition called ‘leaky gut’ or Intestinal permeability. This allows partially digested foods, toxins, and bacteria to enter into the bloodstream and thus be presented to the immune system just beyond the gut wall.

Resulting symptoms are persistent inflammation,

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THE IMMUNE SYSTEM VIA YOUR GUT 5 MODULATE

The gut bacteria (also called microbiota) influence host health, and in particular immune function, by promoting the development and maintenance of the mucosal immune system, protecting against pathogen invasion and maintaining gastrointestinal tract barrier integrity.

The mucosal immune system is essentially our first line of defence: present within our barrier structures namely the skin, gut, and respiratory membranes. This system induces what we term as “tolerance”, so the immune system doesn’t overact unnecessarily.

Dietary fibre, and pre and probiotic type foods increase the production of short chain fatty acids, which help maintain the integrity of the gut barrier, as well as helping regulate T-regulatory cells which help maintain a well regulated immune system as they have been shown to suppress the responses of other immune cells, including those that promote inflammation.

My tip here is to aim to eat eight to ten servings of vegetables daily. Plants contain phytochemicals, and these chemicals have so many health benefits: antiinflammatory, aid liver detoxification enzymes and modulate the gut microbiome.

irritation, possible autoimmune attacks, pain, digestive discomfort and food intolerances – all of which are a result of a now dysregulated immune system. To build strong fences and help prevent intestinal permeability I have these tips for you: • Cut refined sugar: Read the labels before buying and assess how artificial the product actually is, as artificial fillers and preservatives significantly contribute towards intestinal permeability. The best indicators of how highly processed a food is, can actually be found in the list of ingredients. If what you are buying contains more than five ingredients and includes a lot of unfamiliar, unpronounceable items you should reconsider before buying.

• Increase the amount of fibre and polyphenols in your diet by aiming for ten servings of vegetables a day.

Fibre increases the production of short chain fatty acids, which help maintain the integrity of the gut barrier.

• Get your vitamin D level checked annually. Low levels of vitamin D contribute to Intestinal permeability.

My all-time favourite, if I had to name it – broccoli!

Wishing you all a happy and healthy 2024! www.tanyaborowski.com

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RE VIE W

From Mary Barra to Whitney Wolfe Herd: four leadership lessons from the world’s most inspiring businesswomen

FURTHER READING…

Sally Percy is an experienced business journalist and editor, specialising in leadership and management. She is author of ‘21st Century Business Icons: The Leaders Who Are Changing our World’ (Kogan Page) Learning from other leaders can be a great way for leaders to develop themselves, improve their own leadership practice and inspire others. So, for my book, 21st Century Business Icons, I researched some of the world’s most successful and inspiring businesswomen, with the aim of discovering their secrets to success.

This is what I learned:

YOUR TIME ON WHERE YOU CAN HAVE THE GREATEST IMPACT 1FOCUS

When you run one of the world’s biggest car companies, you must effectively use every minute, of every day.

That’s why Mary Barra, chief executive of General Motors, looks for opportunities to make a real difference. She also ensures that she has the right people and strategy in place.

2 BUILD TEAMS WITH DIVERSE TALENTS

Rosalind Brewer, CEO of US retail pharmacy chain Walgreens Boots Alliance, has compared being a CEO with being the conductor of an orchestra.

Both bring together people with many different talents to create the best possible performance. Brewer believes that diversity of thought is crucial to creating successful teams, with this usually dependent on diversity of race and gender.

WOMEN MEAN BUSINESS:

The more we learn about the practice of leadership, and the more we study the philosophy of other leaders, the better leaders we will become

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OVER 500 INSIGHTS FROM EXTRAORDINARY LEADERS TO SPARK YOUR SUCCESS

By Edie Fraser, Robyn Freedman Spizman, Andi Simon Andrews McMeel Publishing (2023) Business needs women, and women mean business. This book provides over 500 insights from women you may not have in your own life when you need support. The voices of mentorship fill these pages to help you achieve your personal goals at every stage of your career. This book includes insights form leaders and luminaries such as: Sheila Johnson, Founder and CEO, Salamander Hotels and Resorts; Margo Georgiadis, Serial CEO and Board Leader, McDonald’s and four other boards; Lilly Ledbetter, Activist; Kay Unger, COO, the Kay Unger Family Foundation.

4 MAKE A POSITIVE DIFFERENCE 3 BELIEVE IN YOURSELF

Melanie Perkins, co-founder of Australian graphic design platform Canva, was rejected over 100 times by investors in her quest to raise capital for her business.

But she kept believing in her vision. In fact, Perkins describes her determination in the face of adversity as a “magical superpower”, saying: “If it were easy, it probably wouldn’t be worth doing.”

10 INFLUENTIAL FEMALE ENTREPRENEURS WHO CHANGED THE GAME:

LIFE-CHANGING BIOGRAPHIES FOR TEENS AND YOUNG ADULTS

By Ariana Smith Self published (2023) Fearless women throughout history have never stopped changing the world with their innovative ideas, providing endless inspiration to us all. This collection of in-depth biographies is a guide to the entrepreneurial spirit, encouraging young women and empowering girls to succeed. From the exotic Antigua in the West Indies, where Eliza Lucas transformed 19th-century agriculture, to Coco Chanel changing the fashion industry and Joyce Chen revolutionising the culinary scene in America, 10 Influential Female Entrepreneurs Who Changed the Game is packed with stories and inspiration.

US entrepreneur Whitney Wolfe Herd, founder of dating app Bumble, believes that the point of being in business is to improve the lives of others. She wanted to challenge antiquated rules around dating and give women the power to make the first move. As a result of her app, people have found love, got married and had babies.

As far as making a difference goes, it’s hard to beat that!

There’s no doubt that being a good leader is a difficult job.

But the more we learn about the practice of leadership, and the more we study the philosophy of other leaders, the better leaders we will become.

THE FOUNDERS:

ELON MUSK, PETER THIEL AND THE STORY OF PAYPAL

By Jimmy Soni Atlantic Books (2023) Out of PayPal’s ranks have come household names like Elon Musk, Peter Thiel, Max Levchin and Reid Hoffman. Yet for all their influence, the incredible story of where they started has gone largely untold. In The Founders, award-winning author Jimmy Soni narrates how a once-ina-generation collaboration turned a scrappy start-up into one of the most successful businesses of all time.

Facing bruising competition, internal strife, the emergence of widespread online fraud, and the devastating dot-com bust of the 2000s, their success was anything but certain.

But they would go on to change our world forever.

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SCENE ART

By KELLIE MILLER

WE JUST WANT TO HAVE FUN! THE WORKS OF MÉLANIE BOURGET In a recent BBC interview, American singer and actress Barbara Streisand declared that “She hasn’t had much fun in her life”. With a varied career spanning six decades, it was surprising to learn that a woman who would appear to have it all struggled to schedule regular fun into her life. Equally astonishing, she identifies simple pleasures to address the imbalance and introduce joy.

This honest omission sheds light on how we all can respond to life. Hearing this was a reminder of how art can give us such pleasures.

A French artist who naturally encapsulates fun in her works is Mélanie Bourget. Her sculptures are an exploration of human expression. With great skill, she creates figurative pieces in a contemporary yet off beat style. Her art conjures feelings of fun and joy. The characters are gregarious, often with a fl irty energy that remind you of people you may encounter that make you want to laugh and be around.

Eccentric hairstyles, textures, tattoos and patterns are composed into vibrant busts. From the charming to the outrageous, Mélanie’s figures oscillate between realism and fantasy with characters that spark a deeply emotive response from the viewer.

Mélanie says, “She thinks of her mysterious characters as poetic, fragile creatures that transmit deep feelings.

Through her art, they come alive, and through the cracks of their glaze, we see the human soul”.

Heaven Scent

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The intended surface cracks illustrate life’s fragility and support the notion of living in the moment. Her figures are finished with a technique called Raku to give this crackled effect. Originally from Korea, the process was further developed in the 16th century in Japan.

Mélanie gives enormous pleasure with the sculptural muses she creates. It prompts us to bring more joy into our lives, memory-making when we can, and keep shouting that life is for living.

Kellie Miller is an artist, curator, critic and gallery owner. www.kelliemillerarts.com

With great skill, Mélanie creates figurative pieces in a contemporary yet offbeat style. Her art conjures feelings of fun and joy My Fair Lady

Rock On

Diva Rant

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TR AVEL

Cotswolds House Hotel & Spa – Chipping Camden REVIEWED BY TORI TOFTS

I do so love the Cotswolds. Come rain or shine, the area captures my heart with each visit. The rolling hills, valleys and woodlands; a canvas changing with the seasons. It is a haven not only for wildlife but also us urbanised humans seeking a touch of tranquillity and a slower pace of life.

The chocolate-box houses and their picturesque ancient little villages are often what foreigners expect of much of England, but their style is actually distinctive of the region that covers close to 800 square miles. We headed

I do so love the Cotswolds.

The rolling hills, valleys and woodlands; a canvas changing with the seasons 38

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for Chipping Camden in Gloucestershire for our most recent visit and were thrilled to be invited by Cotswolds House Hotel & Spa for our Saturday night stay.

We arrived to find Cotswold House Hotel very centrally located, with easy access to the town as well as surrounding areas. The handsome honey-stone Regency town house is Grade II listed and has been receiving overnight guests since the 1920s. Check in was seamless, and the high ceiling reception/sitting area with the backdrop of a striking spiral staircase felt old-English and elegant; original features of beams and fireplaces across the property perpetuated that feeling.

To our delight, we discovered that our suite was in the garden. Lest I forget to mention, the garden is large and

+ GOOD TO KNOW ACCESSIBILITY: No wheelchair accessible rooms.

FAMILY FRIENDLY: Yes PET FRIENDLY: Dogs are welcome

+ EXTRAS Spaces are available for day conferences, meetings and seminars as well as exclusive use of the entire hotel (inc 28 bedrooms and various other spaces) for longer events.

Cotswolds House Hotel can curate Team Building packages.

The handsome honey-stone Regency town house is Grade II listed and has been receiving overnight guests since the 1920s

lovely with semi-private spaces created by box and yew hedges. The garden terrace will certainly be a good space for evening cocktails or afternoon tea when weather permits.

I digress, back to our suite. It certainly was warm and spacious, but also slightly dated. The bathroom made up for it though; with a huge bath that could comfortably fit two, a separate rain shower and good quality amenities.

Cotswold House Hotel has two dining areas; The Fig for slightly more formal dining, and Bistro on the Square, something more casual with a lovely, very well stocked bar and fireplace. Our delicious dinner was in The Fig, starting with an airy cheese soufflé, as well as sweet potato and coconut soup. Mains were dishes of pork and chicken respectively, both flavoursome and tender.

I can wholeheartedly suggest dining at this hotel – whether you’re overnighting or not.

We were up bright and early the next morning, ready for the spa. The spa is rather small but that is not surprising considering Cotswold House Hotel is smack bang in the middle of a small market town. It is perfectly formed,

though, and we enjoyed indulging, lazing about, waiting for our Perfect Trio of Treatments. Heaven, it was.

One treatment encompassed a back, neck, shoulder and scalp massage with a facial added in for good measure.

We had a lovely stay and I would visit again. I would skip breakfast though, as that was slightly disappointing.

A stand-out feature of Cotswold House Hotel is definitely the staff who were friendly, professional and a real asset.

Book a suite from £116 pn in December. www.cotswoldshouse.com www.platinummediagroup.co.uk

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DINE & WINE

FINE DINING: TUTTO BRIGHTON

BY TESS DE KLERK

Our visit to Tutto in Brighton was a pleasure. Great food, an inviting atmosphere and good service, Tutto is another addition to Brighton restaurateur, Raz Helalat’s collection of celebrated eateries that includes Burnt Orange and The Salt Room. Granted, Tutto may not have had the most fabulous of starts, marred by lingering pandemic issues, but all that seems to be in the distant past now.

We gratefully left the blistering wind and cold outside on a Saturday evening as we stepped into the cosy and lively space, and were warmly greeted. Tutto was choc-a-bloc, and living up to its motto ‘bring everyone, eat everything’. It did feel like a space where friends, cousins, nonnas, all were chatting and laughing over tasty drinks and wholesome food. So far, so good.

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We were seated in the back room where the atmosphere was a tad diluted (when booking, ask for the front room) and unfortunately the lighting was so dim that I had to use my phone to read the menu. Fantastic wines and cocktails aplenty on the drinks menu though, while dishes are, of course, Italian. Options are à la carte or sharing platters which is where I think the menu really shines.

This way of dining not only enhances the meal experience but also encourages the Italian tradition of family-style eating, making it ideal for group outings or more intimate evenings. Although the sharing menu is thoughtfully curated, featuring an array of options, we went for à la carte since I’m gluten-free and my partner won’t let anything that once lived in the oceans pass his lips!

I, on the other hand, am all about the seafood. My antipasti order of wood-fired gamberi rossi with paprika butter & parsley was truly flavourful but I would have preferred an incision through the back of these prawns for

Tutto was choc-a-bloc, and living up to its motto ‘bring everyone, eat everything’

easier eating! It’s best to stay away from these if it’s a first date, I’d suggest. The antipasti board starter was a great choice with a balanced selection of cured meats.

We skipped starters to go straight to secondi, where my partner’s chicken Milanese was truly exceptional. It is a dish he often orders and this one was a cut above. Perfectly crispy on the outside and tender and succulent on the inside, complimented perfectly by confit garlic butter and crispy sage. My oven roasted cod with mussels, olives, parmesan, anchovies and lemon was flaky and flavourful. I would happily order it again.

Alas, we weren’t destined for dessert that evening as we had a show to get to, and I do regret having had to skip it as I’ve heard that Tutto’s chocolate torte is something special.

Maybe next time.

An aspect of Tutto that I really like is its aperitivo, available Monday through Friday from 4 to 6pm. This is a nod to the Italian tradition of enjoying a pre-dinner drink to whet the appetite. The aperitivo menu features a selection of cocktails and small bites, setting the tone for an evening – and the perfect place to unwind after a day’s work, or to kickstart a leisurely evening in the heart of Brighton.

Tutto, 20-22 Marlborough Place, Brighton BN1 1UB www.tutto-restaurant.co.uk www.platinummediagroup.co.uk

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BRIGHTON

BURNING THE CLOCKS

The dark grip of long wintry nights is broken by a flicker of light. Started in 1993, Burning the Clocks represents an alternative to the commercial Christmas. Thousands of people gather to make paper lanterns to carry through the city before burning them on the beach as a token for the end of the year and to greet the lengthening days.

CREDIT: SIMON DACK

Madeira Drive, Brighton December 21st https://samesky.co.uk/events/ burning-the-clocks

WHAT’S ON...

A brief snapshot of art and culture in Sussex and Surrey

EASTBOURNE

STARGAZING AT BEACHY HEAD Head to Beachy Head Story visitor centre and be amazed by our beautiful skies.

Using Eastbourne Astronomical Society telescopes you will be able to explore the night skies, view the craters on the moon and see the constellations in the night sky.

Beachy Head January 27th www.visiteastbourne.com/ whats-on/stargazing-atbeachy-head-story-p2022871

42

www.platinummediagroup.co.uk

CHICHESTER

SHEFFIELD PARK

THREE BILLY GOATS GRUFF

STEAMLIGHTS AT BLUEBELL RAILWAY

Baby, Middle and Big are three very hungry goats, and there is absolutely no grass left to eat on their side of the valley.

Come on their adventure as together with Little Bo-Frilly they hatch a plan to cross the bridge to the lush green grass on the other side. They just need to outwit that horrible tricksy troll first.

Want to start a new hobby or learn more about photography and escape auto mode? Learn how to use your camera and unlock your creativity with professional landscape photographer Matt Goddard.

You can learn that you and your camera are capable of so much more when you free yourself from auto mode.

Chichester Festival Theatre,Chichester December 14th - January 7th www.cft.org.uk/events/ the-three-billy-goats-gruff

Leonardslee Gardens, Lower feeding January 6th www.leonardsleegardens.co.uk/ all-events/photography-for-beginners

SINGLETON, NR CHICHESTER

BRIGHTON

WASSAILING DAY

ROYAL PAVILION ICE RINK

Visit the Weald & Downland Living Museum for its annual Wassailing Day to bless the Museum’s orchard. Join a procession, with music, songs and short performances, starting from the market square and leading to the orchard for the wassail, to ensure a good harvest.

Celebrate a greener Christmas this year with the Royal Pavilion Ice Rink. Stunning, twinkly, romantic, child-friendly…and ice powered entirely by Green Energy, Brighton’s Royal Pavilion Ice Rink is open to the public this season.

Weald & Downland Living Museum, Singleton January 14th www.wealddown.co.uk/events/ wassailing-day

Royal Pavilion, Brighton Until January 7th, 2024 https://royalpavilionicerink.co.uk

PANTOMIMES SNOW WHITE Chequer Mead Theatre, East Grinstead December 9th Dec - January 1st www.chequermead.co.uk CINDERELLA The Sinden Theatre, Tenterden December 14th-31st www.tenterdenpanto.co.uk GOLDILOCKS & THE THREE BEARS Rye Theatre, Rye December 23rd-29th www.ticketsource.co.uk/ 3bearsrye2023

LOWER BEEDING

HAYWARDS HEATH

PHOTOGRAPHY FOR BEGINNERS

ROSE PRUNING MASTERCLASS

Want to start a new hobby or learn more about photography and escape auto mode? Learn how to use your camera and unlock your creativity with professional landscape photographer Matt Goddard.

You can learn that you and your camera are capable of so much more when you free yourself from auto mode.

Join Michael Marriott, a world authority on roses, for an informative talk and practical pruning masterclass. Drawing on his vast 30-year experience in rose growing, Michael – the former Head Rosarian at David Austin Roses, will share the theory of pruning and growing techniques.

Leonardslee Gardens, Lower feeding January 6th www.leonardsleegardens.co.uk/ all-events/photography-for-beginners

Borde Hill Gardens, Haywards Heath January 18th https://bordehill.co.uk/events/ rose-pruning-masterclass

SLEEPING BEAUTY: THE PANTOMIME Pavilion Theatre, Worthing December 1st - January 1st https://wtm.uk BEAUTY & THE BEAST The Capitol, Horsham December 1st - December 31st www.thecapitolhorsham.com HORRIBLE CHRISTMAS Theatre Royal Brighton, Brighton December 16th www.atgtickets.com/ venues/theatre-royal-brighton De La Warr Pavilion, Bexhill On Sea December 22nd www.dlwp.com

www.platinummediagroup.co.uk

43

NOV/DEC 2022 #19

THE BUSINESS MAGAZINE FOR WOMEN

WHY YOU NEED A MENTOR

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PREMIER WOMEN

Female political leaders across the globe

GIRL TORQUE

The all-new electric Fiat 500

SPOTLIGHT

Women in business making a difference

TRAVEL

The Highlights of the Highlands

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NEURODIVERGENCE

Is it a superpower

THE UK’S ONLY MAGAZINE FOR WOMEN IN BUSINESS

ALL THE BUSINESS NEWS, VIEWS AND OPINION FROM ACROSS THE REGION

ESSENTIAL READING FOR ANY BUSINESS IN THE SOUTH EAST

PLATINUM MEDIA GROUP

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