Business News

Downtown in Business is back to doing what it does best, hosting a flurry of events over the past fortnight as COVID restrictions are slowly lifted.

Celebrating a special commendation from the national Event Production Show awards this week, for the best in-person ‘non-music’ event in 2020, the ‘Livercool’ Conference in December last year, Head of Events Heather Thornton said:

“We have hosted six events across the country during the past fortnight, and the response we have had has been excellent. There is a genuine appetite for people to be out and about again, and it is fantastic to see business leaders and entrepreneurs being able to engage in-person again – without being told every fifteen minutes ‘You’re on Mute.”

“A huge thank you to all those who have attended, and particular thanks to the venues who have been so welcoming to DIB as we return to what is a bonanza of events for the rest of the year.”

Sustainable cooling experts are creating a roadmap to help reach the UK’s 2050 net-zero carbon emissions target, whilst maintaining food security for consumers and economic opportunity for the country’s food industry, as the University of Birmingham secures £2.9 million of UK Government funding announced today for energy-related projects.

Backed by £1.4 million of UKRI funding, the four-year Zero Emission Cold-Chain (ZECC) project will create the first detailed road map to allow the UK food cold chain industry to identify opportunities to reduce emissions.

Led by the University of Birmingham, the project includes experts from Heriot-Watt University, London South Bank University and Cranfield University - highlighting ways in which the industry can become more competitive whilst heading towards zero-carbon.

In parallel at the University of Birmingham and supported by £1.5 million of UKRI funding, the Heat Accumulation from Renewables with Valid Energy Storage and Transformation (HARVEST) project will develop new heat storage and conversion technology to help ensure that renewable electricity is stored in times of less electricity demand and ready for use to meet high heating demand in winter and high cooling demand in summer.

ZECC project leader Toby Peters, Professor of Cold Economy at the University of Birmingham, commented: “Much of UK’s food is dependent on the cold food chain, which is also a significant contributor to the country’s energy demand. Our project is about thinking thermally and analysing engineering, energy resources, food quality and safety, finance and business aspects to crack the conundrum of sustainable decarbonisation of cooling and the cold-chain.

“We’re bringing together world-leading researchers, industry, technology innovators and customers such as farmers and retailers to look at the whole system and map the opportunities and challenges to ensuring that the chain can support UK-wide Net Zero goals and decarbonise while also meeting demand and being resilient.”

Professor Peters, who is also a visiting professor at Heriot-Watt University added that the food cold chain is complex and lacks integration between sectors. Technological challenges exist, but many decarbonisation issues are techno-economic or behavioural. The project provides fresh analysis in a field yet to be researched from a system approach, also targeting food loss in line with the Sustainable Development Goals of United Nations (12.3).

Researchers will identify how sustainability of the cold-chain system can be increased by exploring integrated measures covering societal, technical, operational and economic perspectives across:

·         Reduce: Reducing the need for cooling, ensuring optimal conditions for food

·         Shift: Transitioning to more sustainable technologies and working fluids and taking    different approaches to cooling

·         Improve: Enhance equipment and operation efficiency

·         Aggregate: synergies within the cold-chain to better integrate different cooling demands into single system

The project aims to deliver energy savings, significantly reduced postharvest food losses and better quality of product to UK industry and policy makers, as well as reduced emissions related to crop loss, by:

·         Updating information on energy usage and CO₂ emissions;

·         Assessing how to maintain the quality and safety of fresh produce in the supply chain;

·         Designing strategies to reduce food loss;

·         Evaluating future cooling energy consumption demands and their impact on UK energy;

·         Using a systems approach to explore how to manage cooling demand; and

·         Determining areas of intervention considering available energy and thermal resources, emission targets and other commitments as well as costs.

The HARVEST project sees researchers at Birmingham working in partnership with their counterparts at University of Edinburgh and UCL to develop a microwave-assisted process to flexibly absorb electricity and then regenerate it through reaction between thermochemical materials and ammonia solution.

HARVEST project lead Dr Yongliang Li, from the University of Birmingham, commented: “Great Britain curtailed wind power on 75% of days in 2020, with over 3.6TWh of wind power being turned off in total. The HARVEST project will develop new decentralised heat storage and conversion technology to meet high heating demand in winter and high cooling demand in summer.”

UK Minister for Climate Change Lord Callanan said: “The way we use energy in our buildings makes up almost a third of all UK carbon emissions. Reducing that to virtually zero is going to be key to eradicating our contribution to climate change by 2050.

 “That’s why it’s important that innovative projects like HARVEST and ZECC in Birmingham receive backing to develop new and effective ways to heat and cool our homes and workspaces, helping drive down the costs of low-carbon technologies so everyone can feel the benefits of cheaper and greener energy.”

The recent tractor theft from celebrity chef Jamie Oliver’s farm in Essex has put the spotlight on rural crime, at a time when farmers across the UK are voicing fears of increased targeting by thieves. Tracker, the stolen vehicle recovery (SVR) expert, is urging rural communities to protect themselves from casual criminals and organised gangs focusing on farms, and calls for extra vigilance, reminding owners to look at ways to protect their vehicles, farm equipment and machinery.

The recent National Farmers’ Union (NFU) rural crime survey of farmers across 10 regions in England and Wales found:

·         Overall, 31% said that they experienced at least one crime during 2020.

·         42% of crime victims reported at least one instance of theft with the most common types of items targeted being tools / equipment (17%) and vehicles / machinery (12%).

·         Those affected by crime in 2020 saw estimated average losses of £4,473.

·         59% of farmers surveyed feel that rural crime in their area has increased during the past year (64%) in East Anglia.

Clive Wain, Head of Police Liaison for Tracker commented: “The lifting of restrictions across the UK are a double-edged sword for the farming and agricultural sectors; it brings social and economic relief for many but also fears of a release in pent up criminal activity.

“Unfortunately, East Anglia, where Jamie Oliver lives, typically experiences a higher-than-average crime rate due to the thieves making the most of quick access to nearby docks like Felixstowe. Criminal gangs will steal to order and quickly ship the goods abroad to places like Eastern Europe and North Africa, and farming equipment is high on thieves shopping lists as demand continues to grow.”  

Tractor thefts are rarer due to the sheer size of them and the logistics of moving them quickly enough to ship them abroad. However, quad bikes and All-Terrain Vehicles (ATVs) used on farms are popular targets for thieves; these types of farm vehicles have basic onboard tech, are a compact size to transport in a shipping container and they are often not registered for road use, making them more difficult to readily identify,

“Thankfully, farmers are responding to the rise by taking extra crime prevention measures such as blocking field entrances, digging ditches around fields and most importantly upgrading building security and installing CCTV. Another security strategy is to fit tracking units. Whilst it won’t necessarily stop the vehicle or equipment from being stolen, it will significantly increase the prospect of successful recovery and return to the rightful owner if this happens,” concludes Wain.

80% of stolen vehicles recovered by Tracker are recovered within 24 hours thanks to its exclusive partnership with the UK’s police. A John Deere Tractor worth £25,000 was recovered in Newark in under 24 hours with one other non-Tracker fitted tractor, a valuable Honda TRX500 quad bike that was stolen from a farm in an extremely rural area of Midlothian, a John Deere Gator stolen from a Leicestershire farm, and a Land Rover Defender stolen from Cambridgeshire, are just a few of the assets recently recovered by Tracker.

Tracker’s SVR solutions work like an electronic homing device. A covert transmitter is hidden in one of several dozen places around the vehicle. There is no visible aerial, so the thief won’t even know it’s there. The combination of VHF with GPS/GSM technology, unique to Tracker, makes its units resistant to jamming, confirming Tracker as a superior security defence against determined thieves.

NFU Mutual policyholders can benefit from up to 12.5% discounts on policies covering a tractor or quad bike with a Tracker device fitted.

Simple steps to better protect quad bikes and ATVs:

·         Always remove keys from the vehicle and store them securely.

·         Do not leave the vehicle unattended in fields or visible from roads.

·         Store vehicles in the most secure building on the farm, preferably covered by CCTV or visible from the house or road, and in a well-lit area to deter thieves.

·         Invest in a quad vice or ground stake and chain to add a physical barrier to slow down thieves and prevent opportunistic thefts.

·         Be diligent about always using deterrents and locks such as ram locks, steering lock, pedal locks and immobilisers.

·         Install a tracking device so the vehicle can be located quickly in the event of a theft, to avoid down time and protect insurance premiums. Tracker devices use a unique combination of GPS/GSM and VHF technology to ensure vehicles can be located if stored underground, in a shipping container, or taken to Europe.

Professional services firm PwC has appointed Darren Jukes as its Midlands corporate finance deals senior partner. He brings over 25 years corporate finance experience and has advised private businesses, corporates and private equity clients on a broad range of transactions from finance raising through to divestments.

Darren began his career with PwC in Birmingham in 1992, where he was involved in a wide range of transactions, many involving private, entrepreneurial businesses in the region. His experience spans a wide range of sectors including automotive, aerospace, industrial manufacturing and energy sectors with a significant number of these international deals. 

In 2007 Darren moved to London to lead the firm's corporate finance focus on the industrials sector, and also worked in Germany with PwC’s business recovery team advising on several large, automotive restructurings, before returning to London to continue his focus within industry. Alongside his corporate finance role, Darren is the independent senior partner to a number of high-profile clients where he acts as a board level advisor on a broad range of topics from organisational change and transformation through to portfolio reviews and M&A strategies. Darren takes over from Matt Waddell, who retired last month after 35 years with PwC.

Welcoming the appointment, Matthew Hammond, Midlands Region Leader and Birmingham Senior Partner at PwC, commented: “Firstly, I would like to thank Matt Waddell for his dedication, enthusiasm, expertise and long service.  Matt worked tirelessly to place us at the heart of the Deals market and led many transactions for entrepreneurial private businesses owners and private equity to create value. 

“I am delighted that Darren is appointed to lead our Midlands Corporate Finance business reflecting our Midlands commitment and Industrials sector focus. Darren has extensive experience of managing large corporate finance deals, organisational change and transformation.  Darren has successfully led a wide range of Deals and other advisory work for our clients which will help grow our corporate finance business further.”

On his appointment, Darren Jukes said: “I’m delighted  to take on this role and return to the Midlands to build on the existing momentum our corporate finance business has built within the region: a region with a rich heritage in the automotive, manufacturing, retail and consumer sectors and one that’s home to an amazing array of exciting, innovative, technology-led private businesses. 

“I am particularly proud of the work we have been doing with our clients during such a challenging time, which continues to have a significant impact on businesses and the local economy. We are working hard to support our clients who are acting now to recover by helping clients adapt and respond effectively in this evolving landscape.”

Peter Crowther has become the first person to purchase a vehicle from Motorpoint through the Clean Air Zone Vehicle Scrappage and Travel Scheme. The UK’s largest independent car retailer, which has branches in Aston and Oldbury, was recently selected by Birmingham City Council to help deliver the £10m Clean Air Zone Vehicle Scrappage and Travel Scheme. 

Under the scheme, which went live on May 12, people who work in the zone and earn less than £30,000 per annum, will now be able to scrap their vehicle with Motorpoint. In exchange, they will receive £2,000 credit towards a compliant vehicle. And Peter, who works within the Faculty of Arts, Design and Media at Birmingham City University, became the first person in the West Midlands to take advantage of the scheme to buy himself a Skoda Fabia to use to commute between home in Willenhall and work in Central Birmingham.

“I’ve had my Nissan Note for about five years,” explained 29-year-old Peter, “during which time I’ve done over 100,000 miles with work, firstly with BBC WM and then, more recently, 5Live in Salford. However, it was getting close to its MOT and I knew I would have to spend a lot of money to get it to pass, and I didn’t think it was worth it given its value.

“Then I heard about the scheme and I would be lying if I said that the £2,000 credit towards a new car wasn’t a factor in deciding to change now as it has really helped in terms of affordability. Ironically, whilst this is the third car that I have owned, this will be the first that I have actually bought from a dealer, as the other two were through family and friends, but the experience has been really good with everyone at Motorpoint being really helpful throughout.”

Peter added: “I am really happy to have taken advantage of the Clean Air Zone Vehicle Scrappage and Travel Scheme and get on the road with a much newer and a much cleaner car, especially one from Motorpoint which also comes with the rest of the manufacturer’s warranty, giving me added peace of mind.”

The Birmingham’s Clean Air Zone goes live on June 1, 2021. From this date the owners of vehicles that do not meet the emission standards of the Clean Air Zone will be subject to a daily fee of £8 to enter the zone. The Clean Air Zone is an area of Birmingham city centre inside the A4540 Middleway (but not the Middleway itself).

Kevin Cartwright, General Manager of Motorpoint Birmingham and Oldbury, added: “We’re delighted to see our first customer drive off the forecourt in their new car through the Clean Air Zone Vehicle Scrappage and Travel Scheme. Peter really couldn’t have been happier. His Skoda Fabia is not only fully Clean Air Zone compliant ahead of June 1 but offers a level of comfort, reliability and low running costs that he didn’t enjoy previously, and which I am sure he will appreciate in the coming weeks and months.”

Motorpoint currently has over hundreds of low mileage, nearly new cars and light commercial vehicles available from over 30 different manufacturers at its branches in the West Midlands – all of which are fully Clean Air Zone compliant. Every vehicle from Motorpoint comes with the balance of manufacturer’s warranty backed by the Motorpoint Price Promise. This means Motorpoint will refund the difference to any customer within seven days of their order if they find the same car cheaper from a competitor.

As a bonus, it will also give the customer £50 worth of Amazon vouchers to spend. Plus, as part of the company’s on-going COVID-19 safeguarding processes, all vehicle collections will be completed in specially designated areas to always guarantee social distancing while an online portal means the car buying experience is completely paperless with customers able to sign for their new car using their mobile phone.

The unemployment rate for Black and minority ethnic (BME) workers in the West Midlands has risen at six times the speed of the unemployment rate for white workers over the last year, according to a new TUC analysis of official statistics. 

The analysis was published as the TUC takes part in a week of campaigning on racial equality to mark the first anniversary of George Floyd’s murder. 

BME unemployment in the West Midlands. The TUC analysis of figures from the Office for National Statistics (ONS) reveals that in the West Midlands, the BME unemployment rate rocketed from 5.5% to 12.1% between the final quarter of 2019 and the final quarter of 2020.  

Over the same period, the white unemployment rate increased from 4.1% to 4.9%. That means 1 in 8 BME workers in the West Midlands are now unemployed, compared to 1 in 25 white workers. Nationally, the BME unemployment rate nationally shot up from 5.8% to 9.5%, while the unemployment rate for white workers rose from 3.4% to 4.5%. 

The TUC suggests the West Midlands may have seen such a high increase in BME unemployment because of a higher concentration in the region of the kinds of jobs that BME people often do, and that have been lost in the pandemic – like retail and hospitality. 

TUC Regional Secretary Lee Barron said: “Everyone deserves a decent and secure job. But Covid-19 has held a mirror up to the discrimination in our labour market. 

“BME workers in the West Midlands have really felt the impact of the pandemic. They’ve been more likely to have lost their jobs – working in industries like hospitality and retail that have been hit hard by unemployment. When they've kept their jobs, we know that they are more likely to be in insecure and low-paid work that has put them at greater risk from the virus. Many have paid with their lives. 

“This crisis must be a turning point. Ministers must hold down unemployment, create good new jobs and challenge the systematic discrimination that holds BME workers back.”

The TUC is calling on government to: 

·         Create good new jobs. We could create 1.2 million new jobs in the next two years in clean green infrastructure, and by unlocking public sector vacancies. 

·         Introduce mandatory ethnicity pay gap reporting and make employers publish action plans to ensure fair wages for BME workers in the workplace. 

·         Ban zero-hours contracts and strengthen the rights of insecure workers – which will have a disproportionate impact on BME workers. 

·         Publish all the equality impact assessments related to its response to Covid-19 and be transparent about how it considers BME communities in policy decisions. 

·         Give more financial support for people who have lost their jobs. Without a boost to universal credit, many will be pushed into poverty. 

• The TUC analysis is based on ONS labour market statistics Q4 2019 and Q4 2020:

x = numbers too small to be used. 

TUC anti-racism task force: The TUC has launched an anti-racism task force, chaired by NASUWT General Secretary Dr Patrick Roach, to tackle the structural racism with the labour market – and wider society.

The task force will lead the trade union movement’s renewed campaign against racism at work. It will engage with Black workers across the UK to hear about their experiences. And it will produce recommendations on tackling structural racism in the UK, in workplaces and in unions themselves.  

The West Midlands Rail Executive (WMRE) has today welcomed the publication of the Government’s new Williams-Shapps Plan for Rail.

WMRE, the public sector body which jointly specifies and manages the region’s West Midlands Railway services in partnership with the Department for Transport, believes the plan can help the rail network adapt and meet changing post-COVID requirements.

Councillor Peter Butlin, chair of WMRE, said: “This is an historic moment for the West Midlands rail network as it brings to an end a quarter of a century of inefficient fragmentation within the rail industry.

“The Williams-Shapps Plan sets out a clear vision for a greener, more customer-focussed railway, based on collaboration and the devolution of key decision-making to the most appropriate regional level. The rail industry urgently needs to adapt to the changing post-COVID requirements of passenger and freight customers, and the proposals put forward in today’s Government White Paper should help ensure that the railway is able to respond to current and future challenges in a more effective, more efficient and more sustainable way.”

Other key “Williams-Shapps” proposals welcomed by WMRE include:

·         The introduction of flexible season tickets to assist commuters in adjusting to new ways of post-COVID working

·         A more integrated ‘one stop shop’ approach to retailing of different train operator tickets, a simpler, more easily understandable ticketing structure and a more consistent passenger offer

·         A focus on reducing inefficiency and unnecessary duplication of activity within the rail industry and lowering whole industry costs

·         Faster delivery of rail network enhancements and new stations and services

Malcolm Holmes, WMRE’s executive director and Transport for West Midlands (TfWM) director of rail, welcomed the Government’s commitment in the plan to a modern and green railway with a focus on decarbonisation and improving air quality.

“Tackling air quality at city centre stations such as Birmingham New Street should rightly be a priority for the new ‘Great British Railways’ organisation,” he said. “We can hopefully now also look forward to progressing the further electrification of our West Midlands rail network, starting with the Birmingham Snow Hill lines which link Warwick, Stratford-upon-Avon and Solihull with the Jewellery Quarter, Cradley Heath, Stourbridge, Kidderminster and Worcester.”

Ahead of the Government announcement, WMRE has been instrumental in driving forward regional changes on the network with the establishment of the West Midlands Grand Rail Collaboration (WMGRC). 

The WMGRC has successfully brought together infrastructure owner Network Rail, passenger and freight operators, passenger representatives and rail industry specifiers/funders to enable a more co-ordinated, pan-industry approach to rail service provision and rail infrastructure improvements.

One example of this new approach has been the recent replacement of track on the Stourbridge Town branch line, resulting in an improved passenger experience for users of the popular “Stourbridge Shuttle”. West Midlands Rail Executive is the partnership of 16 West Midlands Local Authorities co-managing the West Midlands Railway franchise with the Department for Transport, and planning the strategic future of the West Midlands rail network in conjunction with rail industry and local authority partners.

Health workers across the West Midlands are appealing to the public this week to back their campaign so NHS staff can receive a proper pay rise before the summer, says UNISON.  

Over the next few days, hospital porters, clerical workers, cleaners, nurses, healthcare assistants and other NHS staff will be urging people to contact their local MPs to keep up the pay pressure on the government. Health workers in Scotland will soon receive a wage rise – of at least 4% – backdated to December after the government there found extra resources to fund the increase.   

NHS staff in the rest of the UK are not so fortunate, says UNISON. The Prime Minister insists everyone else must wait until the NHS pay review body reports, which won’t be until at least July. Health workers were due a pay rise at the beginning of last month – almost seven weeks ago, says UNISON. 
 

The union’s been making the case for a minimum wage boost of at least £2,000 for staff. The government’s suggested an increase of just 1%. By now, NHS staff would be £250 better off if UNISON’s 2k pay claim had been implemented on April 1. 

Instead, staff feel increasingly taken for granted, worn out by the pandemic and overwhelmed at tackling the Covid backlog of cancelled appointments and operations. As a result, many may soon leave the NHS altogether, fears UNISON. Although there’s now significantly fewer Covid patients in hospital than at the January peak, the pressure is still very much on staff, says UNISON.  

Figures published last week show waiting lists are the longest ever. Across the Midlands, more than 361,000 people are now having to wait more than 18 weeks for treatment. Over 84,500 have been waiting over a year.    

Health workers will be touring Birmingham, Stoke, Nuneaton, Walsall, Shrewsbury, Coventry and Wolverhampton in a campaign bus this week and next. This is to garner public support and send a strong message to the government that NHS staff deserve better. 

UNISON West Midlands head of health Chanel Willis said: “NHS staff have given their all during the pandemic. They’ll continue to do so to clear the backlog caused by Covid. But despite their incredible efforts, the government says a meagre 1% rise is all they’re worth.    

“The length of waiting lists across the West Midlands shows the huge challenges still facing the NHS. A decent wage increase paid soon could stop staff feeling unloved and taken for granted, and perhaps be enough to persuade many thinking of walking to stay.”  

Staff in UNISON branches based in NHS hospitals, ambulance stations and clinics across the West Midlands are using social media and taking part in socially distanced events.   

Vehicle technology is evolving at a rapid rate and commercial vehicle engineers must keep pace to ensure their maintenance programmes are fit for the modern fleet. To help those responsible for the maintenance of fleets of all sizes, Logistics UK’s Fleet Engineer Conference returns for 2021, taking place on 7 September 2021 at the British Motor Museum in Warwickshire.

The one-day event will provide delegates with opportunities to hear about the very latest developments in commercial vehicle technology, future vehicle design, maintenance legislation changes, and best practice advice from leading names from across the sector. 

Phil Lloyd, Head of Engineering Policy at Logistics UK, comments: “Inspecting and maintaining vehicles and trailers is becoming increasingly challenging for commercial vehicle engineers as the technology continues to advance at a rapid rate.

“Logistics UK’s Fleet Engineer is designed to provide operators with all the information they need to maintain modern fleets effectively, as well as sharing the insight they need into the future of vehicle design and alternative fuels. The event is a must-attend for anyone with responsibility for specifying commercial vehicles, ensuring roadworthiness, compliance and maintaining vehicles – whether a small fleet of one or two or a large fleet of hundreds.”

Logistics UK is one of the UK’s leading business groups, representing logistics businesses which are vital to keeping the UK trading, and more than seven million people directly employed in the making, selling and moving of goods.

With COVID-19, Brexit, new technology and other disruptive forces driving change in the way goods move across borders and through the supply chain, logistics has never been more important to UK plc. Logistics UK supports, shapes and stands up for safe and efficient logistics, and is the only business group which represents the whole industry, with members from the road, rail, sea and air industries, as well as the buyers of freight services such as retailers and manufacturers whose businesses depend on the efficient movement of goods.

CSM Live, the branding and live experience division of CSM Sport and Entertainment, has been appointed as the Official Provider of Look, Wayfinding and Signage for the Birmingham 2022 Commonwealth Games.

Following a competitive tender process, CSM Live will be responsible for scoping, producing, installing and de-rigging all elements of venue dressing at competition and non-competition venues. This remit includes the Look and Feel, field of play branding, wayfinding and information signage, sponsor recognition, media treatments and Host City dressing, applying relevant experience from previous multi-sport events including the Glasgow 2014 Commonwealth Games.

In line with Birmingham 2022’s sustainability pledge, which includes plans to deliver the first ever carbon-neutral Commonwealth Games, CSM Live will work to design and provide an entirely sustainable solution, maximising the re-use of the hardware with the aspiration that none of the produced materials goes to waste after the Games.

CSM Live has also committed to work with local companies, suppliers and staff on the programme with a target to procure over 65% of its requirements locally, in order to deliver tangible benefits to the business community in the region. Working alongside the Birmingham 2022 Organising Committee, venue scoping will begin immediately, with production due to commence in the early stages of next year. CSM Live will also engage with local students on the design process for the Wayfinding and Signage programme.

The Birmingham 2022 Commonwealth Games will see athletes from 72 nations and territories compete in 19 sports across 14 competition venues from 28 July until 8 August 2022. The event is expected to have a global TV audience of 1.5 billion and attract more than one million spectators.

Giles Stanford, Director, Global Events at CSM Live, said: “We are thrilled to be working with Birmingham 2022 as we seek to deliver a sustainable, innovative and carbon-friendly Commonwealth Games. We have a strong pedigree in providing sustainable branding solutions for major events and combined with the expertise of the local business community, we hope to deliver a spectacular event for all those involved.”

Chief Executive Officer of Birmingham 2022, Ian Reid, said: “It is fantastic to have CSM Live join us as our Official Provider of Look, Wayfinding and Signage for Birmingham 2022. With a strong track record of working on major sporting events, I know we can rely on their expertise to help us deliver the most sustainable Commonwealth Games to date. In addition to their work on competition venues, CSM Live will also be working with us on our community engagement activities, which will support us developing positive relationships within local communities across the West Midlands.”

Dame Louise Martin, Commonwealth Games Federation President, said: “With CSM Live, we have the ideal partner to deliver the look and feel for the Birmingham 2022 Commonwealth Games. I am delighted by the important pledge from CSM Live to ensure that no product used in its operations will go to waste after the Games.

“A further commitment to work with local companies will ensure there will be positive benefits for the West Midlands from the Games. My thanks also goes out to our CGF Partnerships (CGFP) team as they continue bring on board world-leading organisations to support the delivery of Birmingham 2022 as well as our long-term ambitions.”

When thinking of financial literacy in the UK, people’s minds typically jump to London. So, this is a closer look at just how financially-savvy different cities across the country are. Using Google’s Keyword Planner data, the top ten cities have been broken down by search volume.

Bristol ranks at number 1, registering a total score of 92.04 (out of 100) for savings and investment searches. This includes registering the most searches for 8 out of the 10 key categories: stocks, shares, bonds, pensions, funds, TSAs and ISAs, savings options, and property.

Findings suggest Bristolians are eager to make the most of their money, which is more important than ever in light of the pandemic. Research suggests those from higher-income households have seen their savings increase, while those from lower-income households, including those furloughed, unemployed or retired have seen their savings decrease.

For each of these groups, savings and investments are now crucial, whether to create new income streams or to get the largest return on their limited savings.

Bristol’s penchant for saving and investment search queries isn’t too surprising, given the city was found to have the highest density of online traders in the UK – with 24 in every 1,000 Bristolians an active trader. It’s clear residents of the city are regularly looking to make their money work for them.

Edinburgh’s residents are also financially-focused, finishing second overall for their volume of savings and investments searches – including topping the table for ‘commodities’ searches and posting the second-highest number of searches for ‘stocks’, ‘bonds’, ‘pensions’, ‘funds’, ‘TSAs and ISAs’ and ‘savings options’ terms.

Interestingly however, Edinburgh ranked last for Google searches around ‘property’ investments. This is surprising given the city regularly features in regional property investment tables and boasts impressive 5-year price growth figures for its properties.

Most shocking though, is London’s 9^th place finish. The city is regularly considered the ‘financial capital of the world’, however, its residents fall behind most of their compatriots when it comes to researching savings and investments. This includes posting the lowest normalised score for ‘cryptocurrency’, ‘pensions’ and ‘savings options’ searches.

This low search volume may be a result of Londoners’ low levels of disposable income. A recent study suggests London’s high cost of living sees its residents take home the lowest income in the UK, that is after tax and basic living costs are taken into account. This is despite Londoners earning the highest salaries.

According to the same study, Londoners are left with just £260.97 each month, compared with Bristolians’ £1,122.57. Of course, there are a huge number of factors at play here, but the data suggests a correlation between this high disposable income & Bristolians actively learning more about the savings and investment options available to them.

Liverpool saw the lowest total search volume for terms related to savings and investments, including the lowest volume for specific categories including ‘stocks’, ‘shares’, ‘funds’ and ‘commodities’.

Annie Charalambous, Content Manager at ETX Capital, commented on the findings: “It’s fascinating to see the differences in how UK cities research their financial investments. London is often considered a financial hotspot and we expect Londoners to be on top of their finances – however search interest sees Londoners towards the bottom of the table.

“While we may expect different savings and investment vehicles to peak in popularity across the country, Bristolians seem to be the most avid researchers when it comes to almost all investment types. Overall, it’s promising to see so many people across the country taking the time to research their savings and investments.

“Knowledge is key in any financial decision, to make sure it’s right for you and provides the greatest return based on your risk acceptance.”

Severn Trent welcomes Ofwat’s announcement that it has received regulatory endorsement to invest £565million in an ambitious Green Recovery programme to support the UK’s green economic bounce back and create 2,500 new jobs in the Midlands.

The Regulator challenged all water companies to support the UK’s green recovery post-pandemic. Today’s announcement provides Severn Trent with a great opportunity to deliver additional long-term growth, with new investment over the next four years supporting the Company’s ESG ambitions.

The Company will now be working through the detail of Ofwat’s response to its plans. Once finalised, the Green Recovery will enable Severn Trent to lead the way in a number of projects, many of which will be a first for the UK, all of which will involve additional investment and the creation of new jobs. The projects, which were praised for being innovative, will benefit both local communities and the environment, and will be delivered alongside the Company’s existing plans and investment for the region.

The projects will:

·         Increase water supplies with enough water to supply a city the size of Derby, using low carbon technology;

·         Encourage wild swimming by trialling the creation of two bathing rivers in stretches of the River Leam and the River Teme;

·         Accelerate environmental commitments by improving 500 kilometres of river five years earlier than planned; allowing communities and wildlife to benefit sooner;

·         Create a scale trial using a nature-based approach to reduce the risk of flooding whilst creating a green environment which will significantly benefit the town of Mansfield; 

·         Help customers to save water by introducing over 150,000 smart meters; and

·         Remove old customer-owned lead pipes in up to 26,000 homes in two trial areas and using innovative techniques to find and replace them.

Liv Garfield, Severn Trent Chief Executive, said: “We’re really pleased by Ofwat’s endorsement of our ambitious Green Recovery plans. Whilst we still need to go through the finer details of the announcement, we’re delighted that Ofwat shares our enthusiasm for this impressive range of proposals, which we believe will benefit all our customers.

“Our communities, and the environment they care about, are at the heart of what we do. The Green Recovery programme is a key element in the Government’s plans to get the nation back on its feet and improve the environment.

“This investment into our region will see us lead the way by delivering a number of UK firsts including new, innovative trials to reduce the risk of flooding, increased water supplies and transformed stretches of river. What’s more, we will also be creating 2,500 jobs in the Midlands at a time when increasing employment, and getting people back into work, is vital for our region.

“We’ll be accelerating our capital spend to deliver these impressive plans and to achieve our existing commitments earlier. Together with our Green Recovery programme, the investments we are making will play a significant role in providing communities with the confidence that the Midlands can bounce back better than before.” Whilst Severn Trent expects no material changes to today’s draft determination, Ofwat is now entering a consultation period until 9 June and plans to issue its final decision in July 2021.

Black Country Business Festival (BCBF) looks set to help local businesses bounce back after the pandemic by offering opportunities to showcase their innovation and resilience. The annual two-week Festival is back from 4 to 15 October for the fourth year and is going to be bigger and better than ever.

With restrictions easing in the next few months many companies will be starting to hold in-person events once again. As part of the new event application process event hosts can choose to hold their event in person, digitally (using either Zoom or their own choice of platform), or as a hybrid event, whereby people can physically attend, but the event will also be live streamed to capture all audiences.  

The Festival would not be successful without its sponsors, partners and supporters. Not only do they help the Festival survive, but they also aid in showcasing to the rest of the UK what the Black Country has to offer. This is now more important than ever, as businesses begin to emerge from lockdown.

Becoming a partner is more than a financial backing. The BCBF team will work with each business on an individual basis to ensure they get what they need from the partnership. There are four levels of partnerships: headline, partner, affiliate and supporter, which can all be individually tailored.

In addition to this, there are a number of benefits to getting involved with the BCBF, the most obvious being the exposure across the region and beyond. Last year saw a phenomenal amount of international guest attendance with 60 people registering for events from 19 different countries.

The total reach in 2020 was 161,560,419, which was a nearly 100 million increase from 2019. Another benefit is the BCBF team who will be on hand to aid partners with everything from event idea generation and planning, to help and guidance with the application form.

Partners will have regular meetings with the team to discuss their event and how they will work within the Festival programme. Talbots Law have signed up to support the BCBF for a fourth year to show their loyalty to the Black Country business community.

Talbots Law are one the largest independent law firms in the region offering a full range of services to businesses, individuals and families since 1828. They are proud of their heritage in the Black Country and have the expertise of a ‘big city’ firm with friendly local delivery and value for money.

Festival Partner, Matt Wistow, Client Relationship & Business Development Director at Talbots Law said “The Black Country Business Festival has given the business community a huge number of opportunities in the last four years. As a business we have developed countless new relationships thanks to our involvement in previous years and look forward to this continuing in October.

“We have backed the Festival since the start, and we want to encourage more businesses in the Black Country to support and get involved to help take BCBF to the next level and bring the community back together.”

After more than 200 years of trading, Debenhams has now shut its remaining stores, bringing an end to what was once a high street giant. Andy Rudkin, partner and solicitor specialising in insolvency and restructuring at Nelsons, discusses how the coronavirus pandemic has impacted retailers and their supply chain, as well as the changes to insolvency rules that have been brought in to support businesses.

“With the involuntary closure that was forced on many businesses by the UK-wide lockdown in 2020, previously successful companies quickly felt the strain, becoming more concerned about their future viability.

“Many retailers simply did not have the income or cash reserves needed to pay their creditors during that time. However, this was not due to a failure of their business plan or a lack of demand, but because the economy was driven to a dramatic and unprecedented halt as a result of Covid-19.”

Changes to insolvency laws to support businesses impacted by Covid-19

“On 30 March 2020, the government announced proposed amendments to existing insolvency laws, setting out a number of measures designed to give businesses breathing space, so as to enable them to weather the storm. These proposals were made into a bill that was fast-tracked through parliament and brought into legislation on 26 June as the new Corporate Insolvency and Governance Act 2020.

“The introduction of the act represented the most significant reform to the insolvency framework in a generation. Made up of a combination of temporary and permanent measures, it’s something that has never been seen in English law before. The legislation includes:

1. The introduction of a company moratorium:

“This is a completely new procedure modelled on the USA’s chapter 11 bankruptcy process where directors of insolvent, or likely to become insolvent, companies can apply for a 20-business-day moratorium period. The moratorium provides businesses with a statutory breathing space from creditors within which they are able to formulate a rescue plan and work out turnaround options without incurring significant additional costs while an insolvency practitioner acts as the monitor of the company.

“While a moratorium lasts for an initial period of 20 business days, there is the potential to extend it for a further period of 20 business days without consent and with the possibility of further extensions of up to one year with creditor consent – although the court has the ability to extend the moratorium for such period as it thinks fit, which could be for a period in excess of one year.

“However, it’s worth noting that a moratorium is not intended to delay insolvency where it is inevitable and should only be brought into place where a rescue of the company is likely.”

2. The introduction of a restructuring plan:

“Similar to a scheme of arrangement, which many companies already use to assist with the restructuring of debts, the new restructuring plan allows companies at risk of insolvency to propose a kind of compromise or arrangement between the company and its members and/or creditors.

“As with a scheme, members and creditors are divided into classes based on similarity or their rights before or as a result of the plan. This is then put before the court for the court to approve the classification and holding of a vote by the relevant classes of members and creditors.

“If approval is obtained from the court (with or without changes), the proposal is sent to members and creditors, voted on and, provided that it is approved and delivers a better outcome than the next alternative (i.e. liquidation or administration), put back before the court.

“The court then decides whether to sanction the vote or note. The court will take into account elements such as whether the classes have been properly formulated, whether each creditor receives more than they would under the next best alternative, and whether the plan is fair and equitable. It is important to note that a secured creditors rejection of the proposed restructuring plan can be overridden by the court in certain circumstances.”

3. Temporary suspension of wrongful trading:

“Under current insolvency laws, directors may be personally liable to contribute towards the assets of the company if they allow the company to continue to trade past the date upon which the director knew or ought to have known that the company could not avoid liquidation or administration. 

“There was a great concern that many directors could fall foul of wrongful trading provisions given the current situation with Covid-19, especially where decisions made by directors were made genuinely in the belief that they were the best way to get through the pandemic. Therefore, the act makes temporary changes to the existing wrongful trading provisions by effectively suspending the offence of wrongful trading.

“The act directs the court to assume that the director is not responsible for any worsening of the financial position of the company or its creditors during the relevant period (from 1 March 2020). It has been made clear by the government that this is not a rebuttable presumption. It is important to note that this does not suspend any of the directors’ other duties. Directors are still subject to their usual statutory and fiduciary duties and it is important to remember that when a company gets into financial difficulties, the duties of the directors flip from looking after the interests of the shareholders, to looking after the interests of the creditors.”

Think ahead

“The emergency methods that have been introduced to support companies are likely to have caused a reduction in insolvencies. And while in the short-term, these measures have provided protection for many businesses and people’s livelihoods, it is important to remember they are only temporary.

“As they start to unwind, the number of insolvencies should be expected to increase – particularly in the sectors that have been severely hit and are on a far from stable financial footing, such as retail – as the true impact of the coronavirus pandemic come to be exposed. However, when that will be specifically remains unknown.”

Leading and award-winning Birmingham recruitment agency Encore Personnel, which supplies more than 3,500 temporary staff each week, has signed a pact with the Armed Forces which enshrines its commitment to supporting ex-service men and women in finding work and thriving in the workplace.

Encore, which has 10 branches across the region, including one in Birmingham city centre, employs more than 200 staff and specialises in warehousing, manufacturing, logistics, driving and engineering recruitment. The business, which has a projected turnover of £100m, has worked around the clock during the pandemic to support vital supply chains and essential services – and now it has decided to further cement its commitment to ethical and exemplary recruitment practices by signing the Armed Forces Covenant, an agreement which states that a business will do all it can to ensure ex-military do not face discrimination.

Inspired by the suggestion of James Simpson, who joined Encore in 2020 after serving 5 years with the 26 Regiment Royal Artillery, 159 Battery (Gutersloh, Germany) and 132 Battery (Newcastle), Encore’s commitment to supporting ex-service men and women is both an internal and external pledge. A Business Development Consultant in Encore’s Driving division, he said: “As soon as I was settled at Encore, I knew it was a business that really cared about its employees, their wellbeing and future prospects.

“Having served in the forces, I know first-hand how it feels to step out of the routine of military life into the working world. It can be unwelcoming and daunting for some. Encore’s senior team have done everything they can to make my transition into civilian work-life enjoyable and rewarding.

“So, I pitched the idea of signing the Armed Forces Covenant to the Board of Directors and they were all in positive unison – it was signed straight away. It basically means that we will do our utmost as a business to give a fair shot to people who’ve left the forces, be that as candidates for our customers or new recruits to our own teams.”

James added that there was likely to be a large uplift in the number of ex-military looking for work in the coming years as the army scales back its numbers as a result of the recent Defence Review – so now more than ever before it is important that other businesses follow suit.

He added: “I was astounded to learn that less than 0.5% of all registered recruitment businesses in the UK have signed the Covenant. It would be fantastic to see more agencies follow our lead.” Area Manager responsible for Encore’s Logistics Division, Andrew Fletcher, added that James was a real asset to his team and his passion for equality for those who have served the country in the forces was commendable.

He said: “James joined our division with a raft of transferable skills which are clearly a reflection of his training and experience in the military. He’s reactive, reliable and relentless in following a lead – all of which are key core abilities in recruitment. It’s a pleasure to have him on board and thriving as part of the Encore family.”

Managing Director at Encore Pete Taylor added: “We’re honoured to be supporting armed forces leavers and their families by signing this Covenant. It really was a no-brainer for us, a simple and very effective way of both showing gratitude to ex-service men and women for the sacrifices they have made for our country and our collective safety, as well as furthering our commitment to equal opportunities and a level playing field for all candidates and our own teams.”

Businesses in Sandwell have been thanked for their ongoing support in preventing the spread of Covid-19 as lockdown measures ease.

Council chiefs say the vast majority of businesses which reopened from 12 April – as well as those that remained open for essential items earlier in the year – have followed government rules and made sure the necessary safety measures are in place for staff and shoppers alike.

With the next step in relaxing restrictions due on Monday (May 17), the council is reminding everyone to keep following the current government rules at each point of the lockdown easing to help prevent a new spike in infections.

And if a shop or business isn’t taking steps to keep you safe – for example if there’s poor social distancing, if they’re not encouraging the use of face coverings or if a pub or restaurant isn’t taking contact details – then the message is vote with your feet and don’t go there.

Sandwell Council and West Midlands Police are continuing to visit businesses across Sandwell to check compliance with the latest rules, offer advice and guidance and, if needed, take further action if the business doesn’t comply.

Advice for businesses on staying Covid-secure is available from the council’s Think Sandwell team on the government website. Visit www.gov.uk/coronavirus for the latest government rules on what you can and can’t do.

Since April 12, the council and police have visited businesses and responded to household gatherings and provided guidance. We have carried out over 170 visits to premises to check compliance and offer advice and guidance. Three hospitality venues have received a Prohibition Notice for holding indoor gatherings that breached the regulations in place.

The police continue to take action against people illegally hosting or attending large house gatherings or parties, with £200 fixed penalty notices issued where breaches of the government restrictions have occurred.

Deputy Council Leader Councillor Maria Crompton said: “We know it’s been a very difficult time for businesses – and we really want to thank all those businesses and their staff who have been following the rules and doing everything they can to keep people safe.

“Our environmental protection team, along with the police, have been visiting businesses across the borough to check compliance and offer advice and guidance. They’ve made more than 170 visits since 12 April alone, and environmental health and trading standards officers have carried out around 20 follow-up visits where concerns have been identified.

“Overall compliance has been very good and the majority of businesses welcome the additional support and guidance. We want to say a big ‘thank you’ to everyone who’s played their part as well as to our staff and the police for the work they have done.

“With a further easing of restrictions due next week, we would urge everyone to keep following the rules for everyone’s safety and to know the council and police will still be visiting premises and taking action on any reports of non-compliance. The last thing we need is another spike in infections. We’ve come so far and infection rates have fallen dramatically, but there is still a killer virus out there.”

Since March 15, The Health and Safety Executive has also been conducting spot checks on Sandwell businesses with 1,149 contacted to date. As few as 17 (1.5%) of those inspected required a follow-up from the council’s environmental health team.

Small businesses with ten staff and fewer are reminded they are now eligible to collect rapid test kits from West Bromwich Town Hall. Regular testing is the best way to keep yourself, your staff and all your loved ones safe. Just turn up at the town hall and collect your tests, 1-5pm, Monday, Tuesday, Wednesday, Friday and Saturday.

People are also reminded of the importance of getting a Covid-19 PCR test and self-isolating, together with their household, if they develop Covid-19 symptoms.