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The Somerset Business Magazine

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The Somerset Business Magazine ChamberSOMERSET August 2016 Of Commerce & Industry Ltd REPRESENTING AND WORKING FOR SOMERSET BUSINESSES www.somerset-chamber.co.uk Hinkley Update The Somerset Business Magazine Hinkley go-ahead celebrations on hold See pages 4 & 5 EU Referendum EDF’s“WeEDF’s thoroughly longlong--awaitedawaited enjoyed our finalfinal day investmentoutinvestment supporting adecisiondecision well worthy charity, it was superbly Somerset MPs share demonstratesdemonstrates aa significantsignificant votevote their views post-Brexit See pages 6 & 7 oforganisedof confidenceconfidence and we look inin thethe forward local,local, to attending other events in British Chambers regionalfuture.”regional andand nationalnational supply-supply Andrew Jeanes chain.chain. FullFullFull story storystory page pagepage 16 44 QES reveals sub-par UK economic growth See page 13 Skills Zero university fees for Yeovil College centre See page 17 Events Upcoming events See pages 19 & 20 Find us on LinkedIn Follow us @chambersomerset Contents About Us... 3 CEO’s Update 17 Yeovil College Magazine Editor University Centre Scarlett Scott-Collins 4 Hinkley Point C Update Address: MPs’ Views Post-Brexit 18 Somerset Business 6 Somerset Chamber of Commerce Awards 8 New Members & Industry Ltd 19 Upcoming Events Equity House 9 New Somerset Blackbrook Park Avenue Chamber Patron 20 Somerset Chamber Blackbrook Business Park Events Calendar Taunton Somerset 10 Members’ News TA1 2PX 12 Business News T: 01823 444924 13 British Chambers of E: [email protected] Commerce W: www.somerset-chamber.co.uk 14 Town Chamber News Working in conjunction with the following Somerset Chamber members Member Focus: 15 to produce and distribute this edition: Fisher & Company Character Graphics Apprenticeships Day 16 Dome Marketing Ltd Mailadoc Ltd With Thanks to our Patrons AgustaWestland A-Plant Bradfords Group Bridgwater College BT EDF Energy Elecsis Laing O’Rourke Somerset County Council Somerset County Thales Wessex Reserve Forces’ & Yeovil College Cricket Club Cadets’ Association Front cover image courtesy of EDF Energy CEO’s Update information is Dale Edwards reflects on the UK’s position post-Brexit and looks to the future of up-to-date including contact Somerset details, experience and It is now just over a month since the country awoke to accreditations. the news that the electorate had decided Britain would be better off outside the EU. This resulted in a The Hinkley significant amount of political chaos and short term Supply Chain financial turmoil as the world waited to see what Team has also would happen next. been busy creating a There were predictions from some that the country Professional would suffer an economic Armageddon by deciding to Services Group, leave the EU – there were similar fears with the Y2K which aims to provide a support network to those millennium bug for those who can remember, which looking to bid, win and manage contracts going never came to pass. A few weeks on, the initial shock forward. More news to follow on this in a future of the news is subsiding and Armageddon has not issue… happened. As a Chamber, we are preparing for the future and Clearly we face uncertain times and many business I am delighted that Carla Tier has joined us as our new people are understandably concerned about what the Marketing and Communications Manager. Somerset future will bring, particularly those exporting, born and bred, Carla brings a wealth of experience to importing and with strong European connections. the team having worked with high profile Somerset However, with change comes opportunity, so now is businesses in the past. Over the coming weeks new the time for the business community to remain calm team members will join, and we have said farewell to and focused on business growth. Jenn Chidley-Sanders for a while as she goes off on While the Somerset Chamber and the British maternity leave. All at the Chamber wish her well and Chambers of Commerce are politically neutral, I am look forward to seeing her new-born soon, but she is pleased that the Conservative Party has chosen its planning to remain heavily involved in the Somerset new leader in a timely and organised manner, and Business Awards after the birth, such is her dedication that it did not take until September which would have to the Somerset Chamber and the business generated a further two months of uncertainty. It is community of Somerset. great that we have local MP Dr Liam Fox in the I finish this month with a quick reminder about the cabinet as Secretary of State for International Trade. Somerset Business Awards. Entries close on 22nd I am pleased that a new department of Business, August and I would encourage all Somerset Energy and Industrial Strategy has been created and businesses to enter. This is an excellent opportunity to that comments from senior cabinet ministers seem showcase business success and celebrate our thriving supportive of the proposed plans to build Hinkley business community. See page 18 of this issue for Point C, which would certainly provide a boost for our more details. local economy. I hope you’re having a great summer! Over the last few months, the Hinkley Supply Chain Team, led by the Somerset Chamber of Commerce, has been working exceptionally hard and in partnership with EDF Energy and Tier 1 contractors, identifying more work packages and requirements Dale Edwards and matching these to South West businesses CEO of the Somerset Chamber of Commerce registered on the supply chain portal. These are being identified and released on a regular basis, so I would strongly recommend that all 3,200 businesses on the portal revisit their submissions to ensure the 3 Hinkley Point C Update FID celebrations on hold due to further further progress on the project will be delayed until the delay for Hinkley Point C autumn. Mr Clark said that ministers would examine the project, The long-awaited stating, “The UK needs a reliable and secure energy announcement that EDF has supply and the government believes that nuclear made a Final Investment energy is an important part of the mix. The government Decision (FID) to proceed with will now consider carefully all the component parts of the £18billion construction of this project and make its decision in the early Hinkley Point C finally came at autumn.” the end of last month. While the announcement of a government review came On 28th July, EDF’s Board of as a surprise to the vast majority of people, sources Directors voted in favour of the final investment within the Conservative Party have suggested that this decision, giving the go-ahead to build the two nuclear should not have been entirely unexpected, given new reactors at Hinkley Point C. Prime Minister Theresa May’s reputation for focusing The news was warmly welcomed by the Somerset on the detail. Chamber of Commerce and local businesses on the On a more positive note, recent comments from Hinkley supply chain, with the project expected to Britain’s new Chancellor of the Exchequer, Philip provide a great boost for the Somerset and South Hammond, have shown support for the project. West economy. Speaking on BBC Radio 4’s Today programme earlier in Speaking following the FID announcement, Chris the month, the Chancellor said that he was “confident Langdon, Project Lead for the Somerset Chamber’s that we will be able to get the Hinkley Point project Hinkley Supply Chain Team, said, “This is very positive going ahead”. news for local businesses registered on the supply chain portal as it means that contracts with a number of Tier 1 preferred bidders can now be signed, leading to full mobilisation of teams and works on site, with real opportunities arising for the local supply chain. “The Hinkley Supply Chain Team will continue to engage with EDF Energy and Tier 1 teams to identify opportunities early and drive the engagement process, sourcing and promoting the most capable suppliers against identified requirements. We will also continue to capture supplier capability for Somerset and the South West, as well as stimulating and facilitating collaboration where relevant. Summing up the importance of Hinkley Point C, he said, “Being able to deliver a reliable power supply is “We encourage all suppliers already on the supply an absolute prerequisite for a modern, dynamic, chain portal to review their registration and ensure functioning economy and we have to make sure that all details are fully up-to-date. Other businesses we continue to generate the power that is needed for interested in the opportunity that Hinkley Point C the UK grid. Hinkley Point will make a huge presents should register immediately – registration is contribution – 6% of our total power generation free of charge and there are still many opportunities for capacity – and we have to make sure that that project businesses on the portal to be part of the project over goes ahead.” the coming months and years.” While the delay is frustrating, the Somerset Chamber But despite the green light from EDF, an unexpected has reiterated its confidence in the development, announcement later that evening from the Business adding that this may give more local businesses an and Energy Secretary, Greg Clark, has meant that any opportunity to get involved. 4 Chief Executive Dale Edwards said, “The unexpected announcement regarding a government review will no doubt be very frustrating for the many businesses that have been awaiting the green light from EDF. “However, we were very much encouraged by the fact that EDF’s long-awaited final
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