BUSINESS NETWORX
W W W. T E A M V A L L E Y P U B L I C A T I O N S . C O . U K ISSUE #16 • AUGUST / SEPTEMBER 2015
employing an apprentice the benefits of training people to meet your standards
TEAM VALLEY GROUP MOVE INTO NEW TOP SPEC PREMISES PRINTERS AND WEB TEAM JOIN IN NEW BUILDING
BIZSPACE SET FOR GROWTH Värde Partners’ acquisition
North East transport and haulage sector UK’s most financially secure of its peers
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Sainsburys Team Valley Angeethi Indian Low Fell The Bank Bar Bistro Low Fell UK Land Estates Westray Recruitment Biz Space Business Centre, Earlsway Team Valley Dave’s Hair Salon Team Valley Cafe Team Valley Links Team Valley News Dentist (centre of Team Valley) Regus Main Gate Team Valley
FX Leisure Owner’s Business Centre Newburn Blaydon Business Centre Metropolitan House Business Networks (Metro Centre) Northern Design Gateshead MPH Stonehills Greenfield Business Centre Gateshead International Business Centre
An electronic copy is available to view here: teamvalleypublications.co.uk/business-networx-magazine/ 04 www.teamvalleypublications.co.uk
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A renticeshi s /NVQ’s wit Access Training Access Training is an award winning provider based in the state-of-the-art, Skills Academy on the Team Valley. We have been delivering training programmes for businesses and individuals across the North East for over 30 years. We have a genuine interest in the success of the companies we work with and aim to provide a personal, bespoke service tailoring the NVQ / Apprenticeship to the employers’ needs. We are currently working with a number of Team Valley based employers including: Express Engineering, Elring Parts, H2o Bathroom Design Co, It’s All Good Ltd and Amari Plastics.
OUR OFFER We provide companies with quality apprentices that make a real difference to their business. We take pride in ensuring we recruit the right person for the job and we support you every step of the way to employing a fully qualified, reliable employee. We can also help to up-skill your existing employees and can deliver a range of programmes to help develop the skills of your team.
whAt ARE thE bEnEFits? While gaining qualifications is highly desirable, the most important aspect about good training is whether it has an impact on the individual and your business. Here are some of the benefits that our employers have told us about: • Increased productivity • Improved levels of quality • Growth of the business • Apprentices bring enthusiasm and new ideas into the business
EmplOyER tEstimOniAl “We recently used Access Training to recruit an administration apprentice and they provided an excellent choice of candidates, we were so pleased with the service that we are currently recruiting a second Apprentice with them” Kate Brown Office Manager at Fresh Freight Ltd.
gEtting in tOUch If you would like to offer training programmes to any of your current staff or would like to recruit an Apprentice please contact our Business Solutions team: T / 0191 490 4646 E / info@accesstraining.org
AppREnticEships And nVQ’s ARE AVAilAblE in thE FOllOwing AREAs: • Accounting (AAT) • Business Administration • Customer Service • IT User • Social Media & Digital Marketing • Team Leading & Management Access training Gateshead Skills Academy, Kingsway South, Team Valley Gateshead, NE11 0JL T / 0191 490 4646 E / info@accesstraining.org
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TODD AND CUE
North East Insurance Broker achieves chartered status A leading independent North East insurance broker has become the first independently owned broker in the region to be granted chartered status. Gateshead-based Todd and Cue, which specialises in commercial business insurance and risk management, has been awarded the prestigious Chartered Insurance Brokers title by the Chartered Insurance Institute (CII). The title is only awarded to companies which meet rigorous criteria relating to professionalism and capability and is a major endorsement for the business, 06 www.teamvalleypublications.co.uk
which is headquartered at Kingfisher House, Kingsway North, Team Valley Trading Estate.
ourselves on being thoroughly professional in everything we do.
Founded in 1979, Todd and Cue is one of the UK’s top independent insurance brokers, providing insurance to blue-chip businesses, professional practices, financial institutions, private companies, partnerships and sole traders in a wide variety of sectors, across the country.
“We have an exceptionally high client retention rate and have built up long term relationships with clients, going back over many years.
Chairman, Steve Cue, who holds the individual Chartered Insurance Broker title, said securing Chartered Insurance Brokers status is a key stage in the company’s development. ““For insurance brokers, this is the gold standard and the benchmark for professionalism and integrity,” he said. “Only the UK’s premier brokers qualify for Chartered status, but we have always prided
This is largely because we not only provide cost effective insurance and risk management but also – and this is crucial - strong support when claims occur. “To receive external recognition in this way is very gratifying and, as Chartered Insurance Brokers, we can signal our commitment to the highest levels of service, to our customers.” For further information about the range of insurance services provided by Todd and Cue, call 0191 4820050 or visit www.toddcue.co.uk.
We guarantee to beat your renewal quote or we’ll give you £100 At IU Consult we believe that all businesses, whether large or small, should have the opportunity to receive a fair price for their energy renewals. Having developed strong working relationships with suppliers operating in both the UK & Ireland, we are able to offer the very best pricing available to help
businesses manage their energy costs. That’s why we’ll beat any initial renewal quote you have and if we can’t we’ll give you £100.
You can find out more about the services available by contacting our team of experts on the following details; Tel: 0191 466 1213 Fax: 0845 299 2904 E: info@iuconsult.com W: www.iuconsult.com A: I U Consult LTD, B4 Marquis Court, Team Valley Trading Estate, Gateshead, NE11 0RU
BUDGET WASTE
Gateshead waste company to improve North East service with micro loan Budget Waste, a waste management business, has secured a £13k loan investment from the Finance for Business North East Microloan Fund. Based in Gateshead, the firm provides a skip hire, house clearance and waste removal service to customers in the North East. The business operates from its own fully functioning waste transfer station set up with approval from the Environment Agency and local council, which means they can legally dispose of both household and industrial waste. This provides them with a varied consumer base in the region. Budget Waste is environmentally conscious, with over 90% of the waste collected from customers being recycled. Shaun Baldwin, Director at Budget Waste, began trading in 2013 as a skip hire broker with minimal experience in the waste industry. He saw a gap in the market for waste services and used his experience in online marketing, and background in design to build a small website where he took a small commission for referring customers from his website to already established skip hire companies. Shaun has used his experience in online marketing to maximise his company’s unique selling point, ensuring that the
business has a high online presence, and ensuring that the company takes full advantage of technology such as card payment machines and online invoicing. Nikita Bazko, Fund Manager at Rivers Capital Partners, commented on Shaun’s aspirations for the business: “Shaun has imagined a bigger future for his business. He would like to employ local people, look after them and integrate his company harmoniously into the community and environment.“ Source: bdaily.co.uk
ONS report shows REGION continues to reduce unemployment The latest ONS regional labour market statistics have revealed that whilst North East employment is slowing, the region has nevertheless displayed consistency in reducing unemployment North East employment stands at 1,171,000 , or 68.7%, a fall of 14,000 over the quarter and 4,000 over the year. This compares to a rate of 73.3% nationally. Unemployment, however, stands at 96,000, or 7.8%, a fall of 2,000 over the quarter and 29,000 over the year. This compares to a rate of 5.6% nationally. The claimant count stands at 47,400 or 3.9% in the North East, compared to 2.3% nationally. Jonathan Walker, Head of Policy and Campaigns, North East Chamber of Commerce, said: “The fall in employment numbers is surprising given the results we’ve seen from our Quarterly Economic Survey, where the workforce score was at a higher point than at any point since 1995. This month, our region has bucked the national trend, with national unemployment increasing slightly. The North East is consistently reducing the number of people unemployed, with the unemployment figures dropping almost 25% in the past two years.” Source: bdaily.co.uk Business Networx Magazine 09
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ADVANTEX
Gateshead IT firm wins five-figure contract at Newcastle Science Central Gateshead-based IT firm Advantex Network Solutions Ltd has won a five-figure contract to install a new IT infrastructure at The Core, on Newcastle’s Science Central. The building, opened in late 2014, is set to become a flagship location in the heart of Newcastle, providing state-of-the-art serviced office accommodation for up-and-coming science and technology companies. The infrastructure work, built around the installation of special high performance internet cabling, was designed by Advantex to provide among other services superfast broadband connectivity for tenants across the 2,750 sq. m seven-storey building. It has been specifically designed to accommodate future demand for Wi-Fi and online digital services as further tenants move in to the site. Advantex expects to see current turnover of £4m grow by 20% this year, coupled with an expansion of its current workforce of 45 people, as it continues to help
dozens of organisations across the region access investment funding for superfast broadband services.
“The Core is one of the most innovative
Advantex founder and director Stephen O’Connell said: “The Core is a prestigious contract win for us and is a further example of a public/private sector initiative delivering top quality digital services for the success of local industry and commerce.
secure and reliable access to the online
“We are able to help all types of organisations improve their operations through the provision of quality advice and infrastructure services.” Toby Hyam, managing director at Creative Space Management, operators of The Core, said current and future tenants will benefit from an advanced network that’s one of the foundation stones for the growth of their businesses.
new developments in the heart of the city, so we have to provide our tenants with services they need. “Advantex’s solution undoubtedly provides the required long term solution that I am confident will deliver major performance benefits over many years for occupants.”
“The Core is one of the most innovative new developments in the heart of the city” Business Networx Magazine 11
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North East businesses come together to sponsor
UK’s largest outdoor light festival
North East businesses are coming together to support Lumiere, the UK’s largest outdoor light festival, which returns to the city for the fourth time from 12th-15th November 2015. Sponsors from across the region are working with festival producers Artichoke and commissioning body Durham County Council to help deliver the event that will transform the centre of Durham for four nights with a series of artists’ installations. Furniture manufacturing company Godfrey Syrett, whose head office is in Killingworth, have signed up to sponsor Lumiere’s Gala Dinner on 11th November. This event will welcome leading businesses and their clients from across the North East for an evening at the Radisson Blu Hotel in the heart of Durham, and includes an auction to raise funds for the festival.
Neil Tweddle, Managing Director of Godfrey Syrett said, “We’re absolutely delighted to be involved in Durham’s Lumiere festival. Godfrey Syrett is one of the UK’s leading designers and manufacturers of office and educational furniture, and being based in the North East, we see Lumiere as the perfect springboard to help raise our profile and our drive to become the region’s number one supplier of furniture to the commercial sector.“ Neil Raw, General Manager at the Radisson Blu Hotel said, “It is a pleasure to be involved as a partner of Lumiere for the third time this year, supporting an
internationally recognised festival that showcases our beautiful, historic city to the rest of the UK.” Another longstanding supporter of Lumiere is John Adamson, director of Ramside Hall Estates and organiser of the Hardwick Live 2015 music festival in Sedgefield. This year, he is donating a portion of every ticket sold for Hardwick Live to Lumiere, so music fans coming to see indie favourites James, Cast and Razorlight in August will also be playing a part in supporting one of the region’s most spectacular cultural events. John Adamson said, “As Durham has the privilege of hosting this wonderful
festival of light, it is vitally important that local businesses enthusiastically support and embrace this rare opportunity. The enjoyment and the economic benefit that Lumiere brings to the city should be appreciated.” Other North East sponsors who are helping to bring Lumiere back to Durham in 2015 include County Durham Housing Group, Derwentside Homes, Northumbrian Water,Prince Bishops Shopping Centre, Sevcon and Walkergate. Opportunities are still available for companies to support the festival this year and showcase their brand to visitors and businesses, including sponsoring an artist
installation and donating a prize to the festival’s Gala Dinner auction. Sarah Coop, Artichoke Development Director said, “Lumiere wouldn’t be possible without the generous support of our sponsors and we’re incredibly grateful to the businesses who are working with us, and to our funders Durham County Council and Arts Council England who pledged £1.1m to bring the festival back to Durham in 2015. “With their help, we have raised 90% of the total festival budget of £1.8m and we’re now looking to find the last £150,000 to light up Lumiere for a fourth fantastic year.”
TEAM VALLEY GROUP
Back in 2006, an idea to sell adverts and pRODUCE a free local magazine became the first step in creating what was to become Team Valley Group. It was a project to produce a local advertiser magazine for the Whickham area which rapidly grew to cover a further five areas. Around this grew a print business joined later by a web design company. 2014 saw the business spread over two sites on Team Valley but now bursting at the seams. The obvious conclusion was one larger facility where all aspects of the Group could be amalgamated and which would give room for expansion and development of their services. The new premises on Octavian Way boast an impressive combination of state of the art modern manufacturing and well designed office space with the emphasis on welcoming in clients and being able to demonstrate to them what the Group can offer their business. As an organisation with strong local roots it was important that as many local contractors and suppliers as possible were used to construct and supply services for the new facility. Many companies used were from the Team Valley itself - from the interior construction, to the flooring, telephone
16 www.teamvalleypublications.co.uk
system and even the utilities. Others services such as the electrical, plumbing, and alarm systems were provided by clients of Team Valley Group. Team Valley Group director David Auton said, “The growth of both the print and web companies has been fantastic over a very short number of years. I think we have shown what building strong ties with other local businesses, both large and small, can achieve. We mustn’t underestimate the value of collaboration and reciprocation between businesses in the local economy. We have a wide portfolio of services from print and design, to signage and of course web design and development. All of these under one roof. Having built a strong local base we now have a facility which will allow us to expand not only our services but also the geographical areas we cover. I am extremely proud of what Team Valley Group has achieved and I am excited about what more we can achieve in the future.”
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NEWS
20% more homes are sold in August People hoping to sell their house this year should act fast to take advantage of an annual August boom - that’s the advice of one property expert. Analysis of official Land Registry figures by leading sales and lettings firm KIS show that over the last three years 20% more homes have been sold in August than the annual average, and 30% more than average figures for January. Between 2011 and 2014 224,231 homes were sold in the month of August, 76,917 more than the number sold in the respective Januarys. The difference in sales between January and August is particularly striking in the South West and Yorkshire and the Humber, where sales volumes rose by 47% and the North East and North West, where they rose by 44% compared to a rise of 26% in London. The research also shows that August was the busiest month for Estate Agents in four of the last five years, the only exception being November 2013. 87,173 UK homes were sold in August 2014, 15% higher than the monthly average of 74,770 and 27% higher than the 63,123 sold in January. 74,767 homes were sold in August 2013, 20% higher than the annual average of 60,060 and 45% higher than the 41,763 sold in January.
62,291 homes were sold in August 2012, 19% higher than the annual average of 52,260 and 27% higher than the 42,511 sold in January. The UK’s most innovative property firm, KIS is famous for being the first letting agents in the UK to abolish deposits, replacing them with a one-of-a-kind landlord insurance policy offering guaranteed rent, deposit replacement, legal assistance and round the clock third party emergency home repairs. Founder and Chief Executive Officer Ajay Jagota said: “These figures show that it’s not the Estate Agent equivalent of an old wives tale that people are more likely to buy a property when the sun is shining – the figures back it up. “Here comes the sun, and here come the buyers – if you’re looking to sell a house this year, the next four weeks could be vital in terms of getting your home looking it’s best in time for the August boom. “The simplest and easiest way to market your property better is to take some fresh pictures. People are buying a lifestyle as much as a property, and in the era of property apps and online portals people could only be considering your property for a fraction of a second. First impressions count. “What really stands out though is the allround rise in sales volumes across the board over the last three years. 62,291 homes were sold in 2012’s peak month of August compared to 63,123 in last year’s slowest month of January. We’ve come along way”.
Startups illustrate the North East’s spirit and entrepreneurial environment Figures showing that the North East is leading the way in taking advantage of incentives for business startups illustrate the region’s spirit and entrepreneurial environment, according to the Entrepreneurs’ Forum. With more than 300 member companies from across the region, employing in excess of 29,500 people and with a combined turnover greater than £1.7bn, the Entrepreneurs’ Forum is one of the UK’s leading support networks for growth businesses. Nigel Mills, Chairman of the Entrepreneurs’ Forum, said: “The latest figures, which show that the North East accounts for one in five of those who have taken up the Department for Work and Pensions’ New Enterprise Allowance, is testament to the entrepreneurial spirit we have in this region. “There is a pragmatism in the North East that has seen people unwilling to simply take the knocks of economic downturn in recent years. Instead, many have taken the opportunity to create something new. “There is also a tremendous spirit of camaraderie in the North East entrepreneurial community, with business owners and managers willing to take time to support one another, through such methods as networking and mentorship. “It is certainly no surprise to us that 13,500 people from the North East have taken advantage of the New Enterprise Allowance, because every day we see first-hand the drive and determination of those in this region who want to create wealth and jobs. It isn’t simply a case of ‘needs must’, this spirit is built into people in the North East.”
workplace pensions
Young people in particular are among the biggest winners with 70% of eligible workers now saving into a workplace pension. 24 www.teamvalleypublications.co.uk
A utomatic enrolment : wor k place pension saving at a 1 0 - year h ig h Workplace pension participation has rocketed to its highest level in a decade with young people and those in lower paid jobs among the biggest winners according to the Department of Work and Pensions. New figures have revealed that overall, 70% of eligible employees –13.9 million people – paid into a workplace pension in 2014, a 15 percentage point increase in just 2 years. Young people in the private sector in particular have seen a potential boost to their future retirement prospects, with more than half now saving. The 54% of 22 to 29-year-olds who made regular contributions in 2014 is more than double the 2012 figure of 24%. Bar staff, sales staff and workers in lower paid jobs are all benefiting too, with ever increasing numbers paying in. It is a further sign that the automatic enrolment pension reform is turning around the long-term decline in people who are saving for the future. Minister for Pensions, Baroness Ros Altmann said: There has been a dramatic increase in pension saving across the board, which is great news. The numbers of people participating are set to continue rising as automatic enrolment extends its reach to small and micro firms between now and 2018, by which time about 9 million workers will have been enrolled. We are working hard to try to help more employers set up and contribute to pensions for their employees. The government will be increasing the minimum contributions that must be paid
in to automatic enrolment to 8% in 2018, to help people further accumulate a bigger retirement pot. Automatic enrolment means employees are enrolled automatically by their employer provided they are at least 22 years old and under state pension age, and earn more than £10,000 a year. If they don’t want to belong they now have to actively opt out. The workplace pension participation rates from the Office for National Statistics (ONS) also showed that: n those earning between £10,000 and £20,000 saw the largest increase between 2012 and 2014, more than doubling from 21% to 50% n the participation rate for staff in hotels, restaurants and bars is now running at 59% – up 31 percentage points in just 2 years n the energy and water industry has the highest participation rate, with 83% of workers now paying into a workplace pension, an increase of 18 percentage points since 2012 n 73% of women and 68% of men are now paying into a workplace pension, up by 15 and 16 percentage points respectively since 2012 The automatic enrolment process has been completed by large and mediumsized employers, and is now rolling out to small and micro firms the length and breadth of the UK. All employers have to offer their eligible staff access to a pension scheme, regardless of how many people they employ. So far nearly 5.3 million people have been enrolled by more than 50,000 employers.
Business Networx Magazine 25
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Gateshead’s ZeroLight partners with Audi on visualisation projects Real-time 3D visualisation specialist ZeroLight has announced that it is working with AUDI AG on a range of visualisation projects. The projects, which include next generation and cutting edge display technologies, will all be served by the Gateshead-based firm’s cross-platform real-time 3D visualisation technology. Darren Jobling, ZeroLight CEO, believes that his company’s suite of technologies will transform the automotive industry. He said: “ZeroLight is generating enormous interest as we enable a richer and more engaging buying and selling experience. “Audi revolutionised the car purchasing process with the launch of their innovative Audi City dealerships and we’re very proud to be supporting them build on that success.” ZeroLight enables a premium car configuration experience with a level of interaction that was previously unobtainable. “By providing a solution that uniquely delivers graphical fidelity, a high frame rate and a rich feature set ZeroLight delivers a compelling customer experience that leads to increased sales and higher specification purchases”, said Jobling. Sourced from www.bdaily.co.uk. Receive the Bdaily business news bulletin by registering at www.bdaily.co.uk/register
EMPLOYING AN APPRENTICE? Many companies can struggle to recruit qualified and experienced staff and there are many skill shortages, so Apprentices give the benefit of growing your own and training people to your company’s standards and the required experience level. Standard rights and employment contract requirements arise from the Employment Rights Act 1996 for all employees, but additionally Apprentices are governed by the Apprenticeships, Skills, Children and Learning Act 2009.
HOW TO GET IT RIGHT
Do make sure you work with a recognised and reputable apprentice training provider to ensure the best possible standards of learning for hopefully future employees.
Don’t make the mistake of using a standard contract of employment and just changing the job title or the document heading to ‘Apprentice’. This gives enhanced rights. Do make sure that you employ Apprentices on a properly drafted and fully compliant Apprenticeship Agreement. Do be aware that there are also different provisions for terminating employment at the end of an Apprenticeship if there are no vacancies available. Employers need to ensure that they handle this important stage correctly and with the right timing.
ECONOMY
Regional SME employees to see rise in living standards, says HR Dept. The company, which provides practical HR advice and support in South Tyneside and beyond, runs a survey among its customer base of SMEs each year. Key findings included an 8.3% year-onyear fall in respondents using redundancy services; at 32.7% for 2015, the figure is down from 35.4% in 2014 and 38.4% in 2013. The report also revealed continued growth in planned recruitment, with 58.3% of companies surveyed planning to take on staff over the next six months, up from 56.7% last year and just 48.9% the year before.
employees, as almost two thirds (66.2%) of responding companies nationwide are planning pay rises for their staff in 2015.
families, which is great news for them and also for the businesses, as wage rises are likely to increase employee retention and profitability.
Over a third (34.7%) of respondents expected to raise salaries by up to two per cent this year, with over a quarter (27.8%) opting for between two and five per cent and 3.7% promising pay rises of over five per cent.
“It is also encouraging news for the North East small business sector as a whole, as the wage rise figures combine with the statistics on recruitment and falling redundancy to demonstrate that small businesses are finding life a little more comfortable following the trials and tribulations they have faced since the double-dip recession.
Moreover, only 2.7% of firms were planning to decrease staffing levels, another decrease, with figures down from 4.7% in 2014.
Jayne Hart (below right), Director of the HR Dept in South Tyneside, Newcastle,Gateshead, said: “With inflation having fallen since 2011 and currently hovering around zero per cent, it is encouraging to see that two thirds of companies are planning, or have implemented, a salary increase this year.
Survey results show further good news for the living standards of North East SME
“The results suggest rising living standards for employees of small businesses and their
Small businesses in the UK and Ireland are showing positive signs in confidence and growth, according to a survey of 900 companies by the HR Dept.
“It’s commonly accepted that small businesses and entrepreneurs have been, and will continue to be, the ones which drive our nation’s continued economic growth so all signs of positivity from the SME sector must be extremely welcome.“ The HR Dept is itself an example of a growing small business. Founded in 2003, it provides the full range of HR advice and practical support to small business owners who need corporate level HR advice provided by experienced professionals but without the cost of an agency or permanent in-house employment. Across the UK and Ireland the company’s number of territories is growing rapidly, currently at 75 and with a growth target of 100 set to be comfortably achieved by the end of next year. Jayne added: “The HR challenges for SMEs are growing all the time and the fact that we have had a record number of respondents nationwide to this year’s survey shows that our business model is suitable for the high demand for these types of services. “The growth and expansion of SMEs, as well as new legislative changes like Shared Parental Leave, means that having reliable an expert HR advice on hand is becoming a real asset to small businesses, allowing them to concentrate on what they do best.“ Source: bdaily.co.uk
Business Networx Magazine 29
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North East transport and haulage sector revealed to be UK’s most financially secure
At the mid-way point of the year, the North East’s transport and haulage sector has been ranked as the most financially secure of its peers anywhere in the UK. According to new regional sectoral figures released by insolvency trade body R3, North East companies across key sectors facing high risk of insolvency has dropped 15% in the first half of 2015. At the mid-way point of the year, the North East’s transport and haulage sector has been ranked as the most financially secure of its peers anywhere in the UK. R3 uses research collected from Bureau van Dijk’s ‘Fame’ database of company information to compile a monthly overview of the proportion of businesses in key regional industries that have a heightened risk of entering insolvency in the next 12 months. The North East’s technology and IT sector has seen its proportion at heightened risk drop by 8% over the same period, while the region’s key manufacturing sector has recorded a five per cent drop in that time.
On the downside, the North East construction sector is currently only faring better than its peers in Northern Ireland in terms of heightened insolvency risk, while its professional services sector also ranks 11th out of 12, ahead of only London. However, both sectors have still seen falls over the first half of the year in the proportion of businesses with a raised risk of insolvency, of 1% and 7% respectively. The only regional sectors not to register improvements in their stability so far this year are the restaurant (no change) and hotel (up 9%) sectors. Allan Kelly, chair of R3 in the North East and a restructuring partner with Baker Tilly North East, says: “The general sentiment across the regional business community in the first half of the year is undoubtedly as positive as we’ve seen for a very long time, and the findings of
our research show how this is being borne out in companies’ everyday operations. “The confidence that this gives owners and managers across the regional business community helps to create a virtuous circle. Businesses can plan for the future with a greater degree of certainty about their financial security, and may be in a position to invest or expand rather than just doing their best to hang on. “The enhanced stability in the North East manufacturing sector, which is still absolutely crucial to our region’s economic success, will be very warmly welcomed, as would further similar progress in the second half of 2015.”
LOCAL businesses invest over £27m in renewable energy Businesses across the North East have now invested over £27m in onsite renewable energy projects to cut costs, improve security of supply and reduce carbon footprint, according to new figures. The latest Energy Entrepreneurs Report compiled by independent energy firm SmartestEnergy shows there are now 18 projects including rooftop solar installations on warehouses and wind turbines at factories in operation across the region. Together the projects are capable of generating some £10.3m worth of electricity a year, enough to power 55,000 households. The latest Energy Entrepreneurs Report reveals continued strong growth in onsite renewables across Great Britain. In total 176 new projects were commissioned during the year, a 12.8% increase on 2013 with total investment of £16.9m. There are now 572 commercial-scale onsite projects in operation, generating electricity worth around £10m a year for businesses at current prices. Iain Robertson, Head of Generation Sales for SmartestEnergy, said: “Volatile energy prices, concerns over security of supply and environmental concerns are seeing a continued appetite among businesses for investing in their own generation. “These projects can deliver significant savings in energy costs, ensure continuity of supplies and also provide a new income stream from energy generated over and above the needs of the business. “Consumers are also increasingly interested in the sustainability of companies whose products they buy and investing in renewable energy can be used to highlight environmental credentials.“
Bizspace set for growth following Värde Partners acquisition National provider of flexible business accommodation Bizspace, which has 26 sites in the North East, has been sold to Värde Partners, a privately held registered investment advisor, specialising in alternative investments. Värde acquired all the shares and assets of the Bizspace group of companies and, through its acquisition, substantially deleveraged the group’s balance sheet. The change in ownership is reported to lay a foundation for growth and continued customer enhancement. Gareth Evans, Managing Director, said: “Bizspace’s focus on supporting small and start-up businesses remains at the forefront of our business model. “The sale is fantastic news not only for Bizspace and our staff, but for all our existing and potential customers.” “This deal will allow us to acquire new business centres, ensuring continued growth to meet strong customer demand, and will allow us to make additional investments in our current sites.
“Our ongoing focus on customer satisfaction produces great ideas for improvement, ensuring that our customer experience is second to none.” Tim Mooney, Värde’s Senior Managing Director, said: “We are pleased to be working with Gareth and the team. “Bizspace has a proven business model and continues to support growing businesses, particularly the small business segment which accounts for one in every three jobs in the UK. “We hope our ownership will enable the company to increase that support through the acquisition of additional under managed assets.” Sourced from www.bdaily.co.uk. Receive the Bdaily business news bulletin by registering at www.bdaily.co.uk/register
Learn first aid here at the new St John Ambulance Centre in Gateshead
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ADVERTORIAL
North East BIC opens new managed office facility in Washington The North East Business and Innovation Centre (BIC), a regional enterprise agency and business complex in Sunderland, has strengthened its property portfolio after opening a new centre in Washington. The Hub, on Crowther Road, Washington is in an ideal location, less than two minutes’ drive from junction 64 on the A1 providing businesses with excellent road access to major regional towns and cities including Gateshead and Newcastle in the North to Durham, Darlington, Newton Aycliffe and further afield in the south. The building is situated in three acres of development land, lying over two floors and consisting of 17 modern, air-conditioned offices with a provision for meeting space, conference facilities as well as help and advice to start up and established businesses. These offices range from 150sq.ft. to 1,000sq.ft. Director of operations, David Howell commented: “The BIC continues to grow and in addition to our Sunderland site,
I am pleased to announce we now have locations in Darlington and Washington. The Hub provides a fantastic state of the art facility that will appeal to local businesses wanting space in a great location. “As well as free car parking on site, tenants will benefit from our 21 years’ experience of supporting local businesses offering flexible tenancies as well as the ability to grow and expand by tapping into a range of additional support services provided by the BIC. “The building opened in July and we have already welcomed our first tenant, Craig Downs from marketing and PR agency, Up North Communications.” Craig added: “I looked at other office space in the area, but needed somewhere that
was not only in an ideal location but also offered me the flexibility to grow my business, and that’s exactly what The Hub offers.” The Hub provides flexible contracts allowing tenants to choose a timeframe which suits them best rather than being tied into long term contracts which might not be suitable a few months or years down the line. With offices available from only £49 per week, why not think about relocating your business to The Hub. For more information on the space available at The Hub, please contact Donna Surtees Senior Business Space Adviser on 0191 338 5166, email: space@thehubwashington.co.uk or visit www.thehubwashington.co.uk
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@HubWashington Business Networx Magazine 35
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