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Biz Network JULY AUG 2016_Chamberlink 06/07/2015 09:11 Page 1 BUSINESS networkJULY/AUGUST 2015 CONFERENCE CALL INTERVIEW ACCOUNTANCY QUIET STORM BOSS EARN TAX BREAKS BY STEVE MEGSON IS A MAN RELOCATING TO A WHO 'LOVES BUSINESS' RENOVATED BUILDING Biz Network JULY AUG 2016_Chamberlink 06/07/2015 09:12 Page 2 Biz Network JULY AUG 2016_Chamberlink 06/07/2015 09:12 Page 3 netBUSINESS work CONTENTS JULY/AUGUST 2015 NEWS UPDATE 4 MEMBER NEWS Reinterment boost for Leicester economy 11 APPOINTMENTS Movers and shakers of the East Midlands 12 DEALS & MERGERS IT firm connects with financial advisers 13 PATRONS British Heart Foundation funds university 14 CHAMBER NEWS Ian Morgan receives OBE 16 20 INTERNATIONAL TRADE 18 Chamber trade missions to China and India POLITICS 20 What does it really mean for the East Midlands to be the UK’s ‘Engine for Growth’? INTERVIEW 22 Steve Megson, of Quiet Storm Solutions, talks about Love Business East Midlands FEATURES 26 ACCOUNTANCY SERVICES How bringing derelict buildings back to life can offer attractive tax breaks to business 30 CONFERENCE CALL Political parties should expand their horizons when it comes to conference venues 34 REGENERATING THE EAST MIDLANDS Canalside housing scheme boost for former 42 textiles factory in Leicester TRAINING & EVENTS 38 Round-up of what’s on the calendar BUSINESS SUPPORT 40 SKILLS Research highlights skills shortage issue Publishers Kemps Publishing Ltd 11 The Swan Courtyard, Charles Edward Road, 44 PROPERTY Yardley, Birmingham B26 1BU Editor Jon Smart Flagship site to drive Nottingham gateway T: 0333 320 0333 ext 2004 T: 0121 765 4144 w: www.kempspublishing.co.uk Deputy Editor Andy Hibberd 45 LEGAL T: 0333 320 0333 ext 2007 Managing Editor Gillian Shirley Assessing the risks of workplace vehicles T: 0121 765 4144 Leicestershire Contributions Editor Suzanne Farmer E: [email protected] E: [email protected] 46 THE eBUSINESS CLUB Submissions Designer Lloyd Hollingworth Book now for Digital Conference and Expo E: [email protected] Advertising Manager Stephanie Foster Chamber Membership T: 0121 765 4144 47 FINANCE E: [email protected] E: [email protected] Make sure you don’t sleepwalk into retirement Follow the Chamber Printers W: www.emc-dnl.co.uk Twitter: @EMChamberNews Warners (Midlands) plc 48 MOTORING Nick Jones test drives Peugeot’s new ‘go BUSINESS NETWORK is produced on behalf of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) by anywhere family estate’ Kemps Publishing Ltd and is distributed to members without charge. The Chamber and the publisher are committed to achieving the highest quality standards. While every care has been taken to ensure that the information it contains is accurate, neither the Chamber nor the publisher can accept any responsibility for any omission or inaccuracies that might arise. Views expressed in the COMMENT magazine are not necessarily those of the Chamber. This publication (or any part thereof) may not be reproduced, transmitted or stored in print or electronic format without prior written permission of Kemps Publishing Ltd. 50 THE LAST WORD Liz Fothergill covers the latest issues business network July/August 2015 3 Biz Network JULY AUG 2016_Chamberlink 06/07/2015 09:13 Page 4 MEMBER NEWS IN BRIEF Cloud firms driving M&As King’s reinterment worth Software as a Service (SaaS) firms are driving up mergers and acquisitions (M&As) and £59m to local economy commanding huge valuations, according to Cooper Parry Corporate Finance. An independent assessment found that Leicester’s 20 March 2015, leaving out the time of the reinterment A recent survey by a partner economy was boosted by over £59m by the which they say would have had an unprecedented firm in its global M&A network reinterment of King Richard lll. impact on the city, unlikely to ever be repeated. identified key features driving Focus, based at Phoenix Business Park, Nottingham, Focus analysed a range of indicators including the value in the human resources discovered that the King was the catalyst for number of retail businesses established in the city sector, where SaaS – essentially increasing visitor numbers, the launching of new compared to the region, the growth of cloud hosting with software as part of the deal – is growing at a businesses, job creation and higher hotel occupancy. accommodation and food services, visits to other 7.5 per cent compound annual rate. Associate at Focus, Heather Frecklington, said: local attractions including city museums and heritage The rapid growth generated by “This was a unique event in history. The effects were sites and hotel occupancy. This was in addition to SaaS businesses is driving M&A felt widely on the economy in many ways, including looking at the King Richard lll attractions in the city. activity across the world, with creating jobs and bringing in income.” They calculated 600,000 additional visitors came major international players such Focus looked at the period from September 2012 to to Leicester as a result of King Richard as Sage (UK), Oracle and SAP lll, resulting in an increased spend buying proven technology and a ‘600,000 additional visitors of more than £54.5m. customer lease, thus saving Leicester City Mayor Peter ongoing R&D. came to Leicester as a result of Soulsby said: “The discovery of King Richard lll, resulting in an King Richard lll and his Detoxing for business increased spend of more than subsequent reinterment has had brains £54.5m’ a greater impact on the city than Dr Brad Poulson we could ever have anticipated.” (pictured), Head Focus found that around 1,000 full- of Innovation time equivalent jobs could have been and Systems at created in the city, based on a formula Central College developed by Deloitte and Oxford Economics Nottingham, has published a new which states that for every £54,000 spent in the book – Process Detox: Rehab for local economy one new job is created. Business Processes. Leicester City Council officers calculated that the The book is designed to help reinterment, in isolation, generated an additional companies gain a competitive £4.5m for the city’s economy, and additional figures edge by examining the way they provided by the University of Leicester estimated the do business. Brad said: “Although value of media coverage obtained was £12m. Process Detox was written to inform professionals responsible for designing change and business processes, especially IT systems, I hope that anyone involved or Waste firm proves a interested in organisational Dynamic investment change and becoming more effective may find it useful.” A waste reprocessing firm launched with a £240,000 loan Conkers’ visitor milestone from funding and advisory organisation First Business Conkers, the award-winning visitor attraction at the heart of Enterprise Agency and now worth The National Forest, welcomed its £9.2m has been backed to triple three millionth visitor during the the size of its operation. May half-term holiday. Bio Dynamic UK has been The Robbs family from approved by Nottingham City Birmingham were rewarded with Council to ramp up its waste-to annual family membership. Collabro will perform at the Air Ambulance event at Southwell Racecourse energy operation from 50,000 to Chris Sturdy, Regional 150,000 tonnes a year. Operations Manager at Conkers, Maxwell Bagnall, director at Bio said: “This milestone shows the Collabro to headline Dynamic UK, said: “We are really enduring appeal of Conkers with grateful to First Enterprise for all its fantastic mix of indoor and their support. They were the first outdoor activities.” charity’s fun day organisation to believe in us and New shed for RSPCA give us the backing we needed to Britain’s Got Talent winners Collabro will perform live after a family fun open the door to other funding Marketing agency Brighter day at Southwell Racecourse on 12 July. opportunities to help us start the Directions is supporting the The group, which went straight to number one with their debut single business.” RSPCA in Chesterfield and ‘Stars’, recently appeared on TV during the VE Day celebrations in London Serving the entire East Midlands, Derbyshire as one of its first and released their second album ‘Act Two’ in June. First Enterprise is a not-for-profit official Wish Granters by organisation providing loans and sponsoring a much-needed shed The day is in partnership with, and in aid of, the Lincolnshire and for the Animal Centre. Nottinghamshire Air Ambulance, and a percentage of ticket sales will go to free business advice to start-ups MD Claire Curzon said: “We the charity. There will also be a special ‘Air Ambulance Package’ available, and existing businesses from all see time and time again the covering admission, plus a goody bag full of Air Ambulance merchandise backgrounds and sectors. wonderful and needed services and a return admission ticket for the price of only £21. Bio Dynamic’s reprocessing plant the team and volunteers at the Sally Crawford, Deputy CEO of Lincolnshire and Nottinghamshire Air is now the second-biggest of its type RSPCA do, so this donation is the Ambulance, said: “This day is all about celebrating our 21st year and I hope in the country, but Maxwell said with very least we can do.” the event will attract people from both counties. They can bring picnics to its expansion plans the business enjoy the group’s take on a wide range of music.” valuation is expected to rocket. 4 business network July/August 2015 Biz Network JULY AUG 2016_Chamberlink 06/07/2015 09:13 Page 5 MEMBER NEWS Intu staff join pupils in the classroom Staff from Nottingham’s intu Broadmarsh and intu Victoria Centre took a break from their working week to go back to the classroom.