November Business First
November issue of Business First, Northern Ireland's Business Magazine
November issue of Business First, Northern Ireland's Business Magazine
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northern ireland’s business magazine<br />
BUSINESSFIRST<br />
INFORM CHALLENGE INSPIRE<br />
NOVEMBER- DECEMBER 2016<br />
Belfast Met<br />
PLANNING THE NEXT 110 YEARS<br />
COVER STORY<br />
Belfast Metropolitan<br />
College: continuing to<br />
lead our future generations<br />
to work. Page 12<br />
Thought Leaders<br />
It’s time to make Northern<br />
Ireland the entrepreneurial<br />
capital of Europe, says Tina<br />
McKenzie. Page 30<br />
Best Practice<br />
Anne Philipson of the<br />
Leadership Institute’s Seven<br />
steps to successful talent<br />
development. Page 22<br />
Round Table<br />
Along with TourismNI we<br />
brought together the main<br />
players to review the Year<br />
of Food & Drink. Page 19<br />
Can you help us find NORTHERN IRELAND’S RISING STARS? Page 7
Putting your<br />
<strong>Business</strong> <strong>First</strong><br />
WHAT’S INSIDE YOUR ISSUE<br />
CONTENTS<br />
CLICK ANY PAGE TO BE TAKEN STRAIGHT THERE<br />
THOUGHT LEADERSHIP & COMMENTARY<br />
It’s time to make<br />
Northern Ireland<br />
entrepreneurial<br />
capital of Europe<br />
Tina McKenzie<br />
Staffline Ireland<br />
Page 30<br />
We’re making<br />
headway but<br />
there’s still more<br />
to be done<br />
Dawn Johnston,<br />
Chartered Accountants<br />
Ulster Society<br />
Page 40<br />
WIll Brexit put<br />
Data Protection on<br />
notice?<br />
Glenn Watterson,<br />
Mills Selig<br />
Page 46<br />
In the midst of<br />
Brexit is it time to<br />
rethink business<br />
support in<br />
Northern Ireland?<br />
Andrew Webb<br />
Page 62<br />
<strong>Business</strong> needs a united<br />
Brexit front<br />
There probably isn’t any such thing as absolute<br />
certainty, but if there’s one thing we don’t need<br />
right now it’s uncertainty and yet that’s what<br />
we’re being offered by our political leaders (I<br />
use the term advisedly).<br />
Back in June you and I might have voted to<br />
remain, but four months on we have a political<br />
landscape strewn wtih indecision and lack of<br />
leadership.<br />
So let’s start by deciding what is best for<br />
Northern Ireland and then go from there.<br />
Well for a start we need to acknowledge that<br />
we’re just that wee bit different to the rest of<br />
the UK and so while not necessarily due special<br />
status, we certainly should expect special<br />
consideration. Any thoughts of restoring a land<br />
border in any guise should be swept aside<br />
immediately and our politicians should engage<br />
willingly and immediately with their<br />
counterparts in the Republic of Ireland to<br />
ensure they are instep on this and other areas<br />
of common interest.<br />
Then we need to provide our migrant<br />
workforce a guarantee that they will be<br />
welcome to stay here for as long as it suits them<br />
as they provide outstanding service in both the<br />
public and private sectors.<br />
And finally we need to create a political and<br />
business powerhouse that will effectively<br />
represent our views at Westminster. At the<br />
moment we have no place at the Brexit decision<br />
making table and frankly the Secretary of State<br />
will be of little if any use to us in this regard.<br />
That will require Sinn Fein and the DUP along<br />
with the other major parties to work together <br />
and with business to present a united pro<br />
Northern Ireland front.<br />
See you on the frontline!<br />
Gavin<br />
Gavin Walker, Managing Editor<br />
LEADING FEATURES<br />
Year of Food<br />
and Drink<br />
Round Table<br />
with Tourism NI<br />
Page 19<br />
BEST PRACTICE<br />
On a Board?<br />
You just can’t play<br />
it by ear!<br />
Joy Allen<br />
Leading Governance<br />
Page 18<br />
Belfast has what it<br />
takes to be a<br />
big-hitter on the<br />
international<br />
conference stage<br />
Page 26<br />
Building Family<br />
Governance<br />
Maybeth Shaw<br />
BDO Northern Ireland<br />
Page 24<br />
Subscribe to BUSINESSFIRSTDIGITAL<br />
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Magazine couldn’t be easier and we’ll send your copy of the<br />
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PUBLISHED BY:<br />
The Wordworks Partnership (Limited)<br />
Suite 60. Enterprise House<br />
Balloo Avenue,<br />
Bangor BT19 7QT<br />
Tel: 028 9147 2119<br />
info@businessfirstni.co.uk<br />
www.businessfirstonline.co.uk<br />
Northern Ireland’s<br />
Most Inspiring<br />
Women 2016<br />
Page 35<br />
The tricky<br />
business of<br />
litigation funding<br />
in Northern Ireland<br />
Matthew Hawes<br />
Arthur Cox<br />
Page 28<br />
Great gadgets to<br />
improve the<br />
usefulness and<br />
effectiveness of<br />
your PC<br />
Page 60<br />
Personal<br />
development is<br />
key to success in<br />
business<br />
Carol Magill<br />
CIM Ireland<br />
Page 58<br />
In our Digital Issue you can click on any square to be taken directly to the article. Download it from businessfirstonline.co.uk<br />
YOUR BUSINESSFIRST TEAM<br />
Editor Gavin Walker<br />
gavin@businessfirstni.co.uk<br />
Sales Jenny Belshaw<br />
jenny@businessfirstni.co.uk<br />
Finance Margaret Walker<br />
margaret@twworks.co.uk<br />
Design Studio Tw2<br />
studio@twworks.co.uk<br />
N<br />
www.businessfirstonline.co.uk<br />
1
YOUR EDITORIAL CONTRIBUTORS<br />
Articles from some of Northern Ireland’s most influential business leaders that will inform, challenge and inspire your thinking.<br />
Iain Lundie<br />
UHY Hacker Young Fitch<br />
Chartered Accountants<br />
page 14<br />
Anne Philipson<br />
Leadership Institute<br />
page 22<br />
Matthew Hawse<br />
Arthur Cox<br />
page 28<br />
Tina McKenzie<br />
Staffline Ireland<br />
page 30<br />
Maybeth Shaw<br />
BDO<br />
page 24<br />
Katy Best<br />
George Best Belfast City<br />
Airport<br />
page 34<br />
Professor Simon Bridge<br />
Ulster University<br />
page 38<br />
Dawn Johnston<br />
Chartered Accountants<br />
Ulster Society<br />
page 40<br />
Roseann Kelly<br />
Women in <strong>Business</strong><br />
page 42<br />
Glenn Watterson<br />
Mills Selig<br />
page 46<br />
Ian Laverty<br />
Ingenuity UK<br />
page 48<br />
Andrew Webb<br />
Economist<br />
page 62<br />
In our Digital Issue you can click on any picture to be taken directly to the article. Download it from businessfirstonline.co.uk<br />
2 www.businessfirstonline.co.uk
IN THE HEADLINES<br />
Martin McNaughton KBE named as<br />
Innovation Founder of the Year<br />
SSE Arena<br />
launches new<br />
suites<br />
C<br />
onnect has announced that Mr Martin<br />
Naughton KBE has been named the<br />
Innovation Founder of the Year.<br />
In 1973, Martin Naughton opened a small<br />
electrical manufacturing operation with just<br />
seven employees, making oilfilled radiators<br />
in Newry. Naughton’s company acquired<br />
partners and rivals including Dimplex,<br />
Morphy Richards and Bianella to become<br />
the world's largest manufacturer of domestic<br />
heating appliances. Glen Dimplex Group now<br />
employs more than 10,000 staff across 22<br />
manufacturing facilities spread all over the<br />
world. The business has annual sales of<br />
around €1.5 billion.<br />
Each year, the Innovation Founder award<br />
goes to a person who has achieved distinction<br />
in founding, leading or building a celebrated<br />
local science or technologybased business.<br />
Martin Naughton received his honour at the<br />
INVENT Award finals at the Belfast<br />
Waterfront.<br />
He joins an esteemed list of previous<br />
recipients including Brian Conlon (2015), Dr<br />
William Wright CBE (2014), Dr Peter<br />
FitzGerald CBE (2013), Tom Eakin (2012), Dr<br />
Hugh Cormican (2011) and Prof John<br />
4 www.businessfirstonline.co.uk<br />
Anderson (2010).<br />
“I’m humbled and honoured to join this list<br />
of founders, who have in their own ways<br />
changed the landscape of Northern Irish<br />
business,” said Martin Naughton.<br />
The Innovation Founder Award is<br />
sponsored by Bank of Ireland UK, Julie Ann<br />
O’Hare, Head of Strategy & Sectors, said, “Mr<br />
Martin Naughton joins an inspirational group<br />
of world renowned business leaders.<br />
“We congratulate him and thank him for<br />
accepting this award. The Glen Dimplex story,<br />
driven by “the desire to make the impossible<br />
possible” is rich in learnings for the<br />
entrepreneurs of tomorrow from start up<br />
through to global excellence.”<br />
Steve Orr, Director at Connect said, “Given<br />
the massive impact that our Innovation<br />
Founders have had on the local and<br />
international economies over the past several<br />
decades, this is our most important award<br />
each year.<br />
“I’m delighted Martin Naughton is being<br />
given a muchdeserved accolade for his<br />
contribution to NI’s innovation economy. He’s<br />
an inspiration to us all.”<br />
T<br />
he SSE Arena, Belfast, is launching three<br />
brand new luxury experience offerings<br />
for visitors: ‘Shared Suite,’ ‘Exclusive<br />
Suite Hire – per event’ and ‘Party Suite Hire.’<br />
Shared Suite is a brand new initiative<br />
designed for those who would like to<br />
experience all the luxury of an evening in a<br />
suite but without the cost of purchasing a<br />
whole unit. For the first time ever, guests can<br />
share a suite, purchasing up to four tickets for<br />
an event and sharing the space with<br />
likeminded groups.<br />
Party Suite Hire enables a group to book<br />
out a whole suite for a special occasion such<br />
as a birthday, hen or stag party. It provides a<br />
larger group with a luxurious private space in<br />
which to celebrate in style.<br />
Exclusive Suite Hire – per event, where<br />
parties of 12, 16 or 28 guests can book an<br />
entire suite for just one evening, with the<br />
added benefit of catering options, allowing<br />
more people than ever to experience a night<br />
in a private hospitality suite.<br />
This offering has been designed with both<br />
consumers and organisations in mind. The<br />
three hospitality options offer all the benefits<br />
of a private suite: unmatched views of the<br />
action, a dedicated VIP entrance so visitors<br />
can beat the queues, spacious sofa areas<br />
where guests can relax before, during and<br />
after the show, a Hospitality Manager to<br />
ensure the experience is seamless, dedicated<br />
cloakroom and bathroom facilities, access to a<br />
rooftop smoking deck, a private bar and<br />
waiter service.<br />
The new offerings complement the current<br />
hospitality options of annual suite hire and<br />
lounge access, to one of two lounges: The<br />
Heineken Lounge and the West Lounge.<br />
Ooptions are available to book now and<br />
guests can avail of them at upcoming shows<br />
such as John Bishop, Status Quo and Olly<br />
Murs at ssearenabelfast.com/hospitality.
Belfast One unveils new brand<br />
elfast One – Belfast City Centre’s<br />
<strong>Business</strong> Improvement District (BID) –<br />
Brecently revealed their new brand with<br />
the strapline – “Belfast One – Different Days”.<br />
The new brand is part of the company’s<br />
strategy to promote Belfast City Centre as the<br />
number one destination in Northern Ireland<br />
to shop, eat, socialise and more.<br />
Clare Maguire, managing director at Belfast<br />
One, said “The overarching goal of our fiveyear<br />
marketing strategy is to drive domestic<br />
footfall into the City Centre by promoting the<br />
fantastic retail, leisure, culture and<br />
entertainment offering we have here and<br />
showcasing what a brilliantly unique city<br />
Belfast is.<br />
“Our new brand marks the first step<br />
towards this goal and it has been carefully<br />
developed to reflect the diverse people,<br />
experiences and places that make our City<br />
Centre a friendly, eclectic and vibrant place.”<br />
Belfast One’s new website also launched<br />
today, alongside a promotional social media<br />
video featuring firsthand testimonials from<br />
the people of Belfast stating what they think<br />
makes their city best in Northern Ireland.<br />
Clare continued: “We have also<br />
collaborated with Visit Belfast as part of their<br />
‘Find Your Belfast’ autumn campaign, which<br />
highlights the abundance of things to see,<br />
discover and experience in Belfast this<br />
autumn worldclass events and festivals,<br />
fantastic shopping and great food.<br />
“This has provided an excellent opportunity<br />
Chris Suitor John McDermott and Clare Maguire<br />
to increase our reach across our target<br />
audience with the common goal of promoting<br />
Belfast as a mustvisit destination. We are<br />
delighted that this has helped make our<br />
brand visible around Northern Ireland for the<br />
past number of weeks.”<br />
Clare concluded: “I look forward to<br />
continuing this partnership and the rollout of<br />
our fantastic new brand and campaigns in the<br />
weeks and months to come.”<br />
John McDermott, brand director at AVB<br />
Brand said: “I am delighted and very proud to<br />
have worked alongside Belfast One on the<br />
design and concept of their new brand.<br />
“From the outset it was imperative that we<br />
capture the ethos of Belfast One and really<br />
engage and excite the audiences with their<br />
vision for Belfast – this is an brilliant new<br />
company with a very exciting strategy for our<br />
capital city and we at AVB Brand are thrilled<br />
to be part of this journey.”<br />
Belfast Met launches The Linen Lounge<br />
B<br />
elfast Met launched its Linen Lounge, Scullery and<br />
Yard restaurants to the public at its flagship Titanic<br />
Quarter Campus on October 7.<br />
The event also saw the launch of the college cookbook<br />
featuring recipes from top local chefs Danny Millar, Niall<br />
McKenna, Simon McCance and Andy Rea (pictured).<br />
The names Linen Lounge and The Yard hark back to old<br />
Belfast’s booming linen and ship building industry and the<br />
stunning design concepts inside are also stepped in our<br />
capital city’s history.<br />
The Linen Lounge is the place to be for Fine Dining<br />
Thursdays from 6pm 7.15pm. Food exactly as you imagine<br />
from a culinary training ground and service that ensures our<br />
customers will have a fantastic experience while enjoying<br />
flavours from award winning local producers. On Twilight<br />
Fridays enjoy a bottle of wine, charcuterie and cheese<br />
platter with homemade breads and chutneys £20 for 2.<br />
The fullylicenced restaurants which are fully staffed by<br />
students offer the public a range of food and drink options<br />
to suit every palate. While the Yard and Scullery are<br />
casual eateries, the Linen Lounge offers a fine dining<br />
experience. Belfast Met has worked closely with<br />
employers to ensure each restaurant provides students<br />
with the necessary “real life” industry experience to make<br />
them as workready as possible and able to take up posts<br />
in any kitchen upon leaving the college.<br />
www.businessfirstonline.co.uk<br />
5
Top VA is a finalist for the UK-wide<br />
Virtual Assistant Awards<br />
L<br />
ocal business owner Michelle Shaw and<br />
her virtual assistant company Top VA<br />
have been shortlisted as a finalist for the<br />
UK wide VA awards.<br />
The awards are to recognise the high<br />
standards within the VA industry and to<br />
promote the value that virtual assistants<br />
bring in supporting business entities from<br />
entrepreneurs and startups to multinational<br />
companies and PLCS.<br />
Michelle is in the running for the Best<br />
Newcomer UK when the finals take place on<br />
Thursday 17th <strong>November</strong> at The Great British<br />
<strong>Business</strong> Show in London.<br />
Top VA was set up in September 2015 to<br />
provide expert marketing support for small<br />
business owners and entrepreneurs across<br />
the UK.<br />
Since its start up Top VA continues to grow<br />
and its client list includes a global training<br />
company, a national marketing company and<br />
various small businesses across a wide<br />
variety of industries.<br />
Working from her home office in Bangor,<br />
Michelle assists business owners throughout<br />
the UK with Social Media Marketing, Lead<br />
Generation, <strong>Business</strong> Development as well as<br />
the day to day admin needed to drive her<br />
clients marketing campaigns forward.<br />
Commenting on being shortlisted the Top<br />
VA owner says that “I am delighted to have<br />
reached this stage, these awards are highly<br />
New partnership to grow charitable giving<br />
wo Northern Ireland organisations<br />
dedicated to promoting charitable<br />
Tgiving have launched a new partnership<br />
to boost philanthropy over the next three<br />
years.<br />
Giving Northern Ireland and Belfast<br />
Charitable Society will be working<br />
collaboratively on a series of events and<br />
projects looking at ways to increase<br />
awareness of giving for both businesses and<br />
individuals.<br />
Belfast Charitable Society is the oldest<br />
philanthropic organisation in Northern<br />
Ireland while Giving NI is the youngest,<br />
started just three years ago. The new<br />
partnership brings together a shared skillset<br />
with the aim of driving strategic giving<br />
forward.<br />
Paula Reynolds, CEO of Belfast Charitable<br />
Society said: “The Society is delighted to work<br />
closely with Giving NI to help encourage and<br />
promote philanthropy in today’s world.<br />
“We have benefited hugely from others’<br />
generosity since 1752, and in turn this has<br />
allowed us to help many others; from running<br />
the Poor House and Outdoor relief schemes to<br />
tackling disadvantage today.<br />
6 www.businessfirstonline.co.uk<br />
regarded within the VA industry and it is an<br />
amazing achievement to have been selected<br />
for the shortlist,<br />
“I am passionate about helping my clients<br />
grow their business and always give 100 per<br />
cent to any work I complete for them.<br />
“Im now looking forward to the finals and<br />
will be keeping my fingers crossed that I<br />
bring the award back to Northern Ireland”.<br />
To find out how working with Top VA could<br />
benefit your business, call Michelle on 0786<br />
730 9705 or email michelle@topva.biz or<br />
visit www.topva.biz<br />
Pictured with the Belfast Charitable Society’s minute book dating back to 1752 are Belfast Charitable<br />
Society Chairman David Watters and Giving Northern Ireland Chairman Gary Mills<br />
The partnership programme will include<br />
practical seminars and informative events<br />
about strategic giving.<br />
Due to austerity measures, in recent years<br />
there has been a major shift in the availability<br />
of government funding for charities; in the<br />
years to come this may be compounded by<br />
the effects of Brexit, with uncertainty<br />
currently on what this will mean to the<br />
George Best<br />
Belfast City Airport<br />
helps Shortcross<br />
take off worldwide<br />
G<br />
eorge Best Belfast City Airport has<br />
facilitated a relationship between one<br />
of the world’s leading travel retailers<br />
and a local distillery for it to supply its<br />
awarding winning craft gin to a number of its<br />
stores.<br />
Shortcross Gin has arrived on the shelves of<br />
World Duty Free in Belfast City Airport as<br />
well as further airport outlets across the UK<br />
including London Heathrow, the busiest<br />
airport in the UK and Ireland and one of<br />
busiest in the world, London Stansted,<br />
Gatwick, Birmingham, Manchester and<br />
Edinburgh.<br />
voluntary and community sector.<br />
Sandara KelsoRobb, Strategic Advisor for<br />
Giving NI said: “We live in changing times and<br />
so it’s increasingly important for charities to<br />
look for support from individuals and<br />
corporates and not to rely on public funding<br />
from government or the EU. This project<br />
between will allow us to really focus on<br />
private giving.”
is your company one of<br />
NORTHERN IRELAND’S<br />
RISING STARS?<br />
If so, you should enter the<br />
Rising Stars 2017 Awards.<br />
A simple, effective way<br />
to raise your profile<br />
within Northern Ireland’s<br />
business community.<br />
FOR MORE INFORMATION & TO ENTER<br />
www.businessfirstonline.co.uk/risingstars<br />
sponsored by<br />
The Rising Stars Awards provide a platform to showcase<br />
organisations that have solid rates of growth. In 2017, we<br />
open the Rising Stars awards to all indigenous Northern<br />
Ireland companies. The Awards programme is or any<br />
Northern Ireland company that:<br />
• is based in Northern Ireland<br />
• has shown growth over the past few years<br />
• would like to build its profile<br />
• wishes to inspire others to grow their enterprises<br />
ENTRY CRITERIA<br />
For participation in Rising Stars 2017 an applicant must:<br />
• Be a Northern Ireland enterprise<br />
• Exhibit growth in : turnover, profit and/or staffing numbers,<br />
digital statistics (eg usage, traffic, app downloads);<br />
AWARD CATEGORIES:<br />
1. STARTUP are businesses set up over the past 18 months.<br />
2. MICRO businesses are organisations with less than 10 full<br />
time equivalent staff and trading for at least the last two<br />
financial years.<br />
3. SMALL businesses are organisations with more than 10<br />
but less than 50 full time equivalent staff trading for at least<br />
the last three financial years.<br />
4. NOT FOR PROFIT / CHARITY businesses are<br />
organisations that are run as not for profit and/or have official<br />
charity status, trading for at least the last three financial<br />
years.<br />
5. PROFESSIONAL SERVICES businesses are<br />
organisations that are in the professional services sector<br />
trading for at least the last three financial years.
Clearpath Finance gives SMEs Choice<br />
new Belfast based lending solutions<br />
platform, Clearpath Finance, is set to<br />
Aaddress the need for alternative finance<br />
in the SME sector in Northern Ireland. The<br />
new company will draw down its first tranche<br />
of loans totalling £15m by the end of October<br />
2016, for a range of businesses across<br />
Northern Ireland.<br />
Clearpath Finance provides an alternative<br />
source of lending as a commercial finance<br />
broker working with a number of major<br />
lenders across the UK. The company has<br />
established excellent relationships working<br />
with a select number of peertopeer lenders,<br />
equity and mezzanine funders and private<br />
lending consortiums to go some way to solve<br />
the current liquity crisis in the local economy.<br />
Conor Devine MRICS of Clearpath Finance<br />
said; “The SME market has been seriously<br />
undersupported by the main financial<br />
institutions over the last ten years mainly due<br />
to legacy debt and balance sheet problems<br />
facing the local banks. We identified an<br />
opportunity in the market to provide third<br />
party lending to businesses and organisations<br />
looking for additional financial resources<br />
through our comprehensive experience and<br />
research.<br />
“By bringing together a number of larger<br />
financial institutions that have the capacity to<br />
support the SME sector in Northern Ireland<br />
through Clearpath Finance, we will ensure<br />
that business lending for the SME sector is<br />
through a simplified, uncluttered and<br />
expedient path.”<br />
Small and medium sized businesses are<br />
vital to the Northern Ireland economy and it<br />
Whose data is it anyway, asks CIM Ireland<br />
N<br />
ew research released by the Chartered<br />
Institute of Marketing (CIM) reveals a<br />
shocking 96 per cent of consumers in<br />
Northern Ireland do not fully understand<br />
where and how marketers, brands and<br />
organisations use their personal information<br />
and data.<br />
CIM’s ‘Whose data is it anyway?’ study<br />
surveyed more than 2,500 consumers and<br />
marketers nationally to gain their insight into<br />
the use of personal data for marketing<br />
purposes. It shows data discrepancies and<br />
concerns to be worryingly prevalent across<br />
the board.<br />
More than half of all consumers in<br />
Northern Ireland reveal they do not trust an<br />
organisation to use their data responsibly –<br />
the biggest issue being that their information<br />
may be passed onto others without consent.<br />
The report questions whether enough is<br />
being done by brands to follow correct data<br />
marketing practices and reassure consumers.<br />
Chris Daly, Chief Executive of CIM,<br />
comments: "Customer data is essential for<br />
marketers to reach the right audience and<br />
8 www.businessfirstonline.co.uk<br />
James Gibbons and Conor Devine of Clearpath Finance<br />
has been a challenging trading period for the ‘loan to’ value, ensuring that SMEs have<br />
those organisations who wish to grow,<br />
the access to funds when they need it,<br />
support their business, employ staff and whether it is for additional cash flow, to fund<br />
procure additional materials as they have an extension, or to grow their business.<br />
found limited access to financial resources to “We have continued to make major<br />
do just that. SMEs are continuing to diversify investments in our portfolio of businesses<br />
their funding needs and Clearpath Finance is including establishing Clearpath Finance to<br />
committed to providing those SMEs who wish provide a new finance stream for businesses<br />
to grow with the support and solutions that across Northern Ireland.”<br />
they require.<br />
Clearpath Finance, fully regulated by the<br />
James Gibbons, Clearpath Finance added; Financial Conduct Authority and a member of<br />
“Many businesses in Northern Ireland are the NACFB, is a multifaceted finance brokerage<br />
being turned down by the main street banks specialising in property and business lending<br />
when asking for support for their business for to SMEs in Northern Ireland and the Republic<br />
one reason or another. From the hospitality of Ireland. The company is a viable alternative<br />
sector to renewable energy projects,<br />
source of lending and is committed to servicing<br />
Clearpath Finance, depending upon each the needs of the SME sector.<br />
individual case, can offer up to 70 per cent of<br />
Steve Woolley, CIM Head of External Affairs and Content, Julie McClean of PWC Research to Insight<br />
Team and Carol Magill, CIM Ireland Network Manager<br />
Find out more details about the ‘Whose<br />
data is it anyway?’ report by visiting:<br />
www.exchange.cim.co.uk/thoughtleadership/whosedataisitanyway
IN THE HEADLINES<br />
AMI announces 15 jobs and £1M investment<br />
Philip McMichael, managing director, AMI<br />
A<br />
MI, Northern Ireland’s leading secure IT<br />
retirement company, has announced<br />
that it will invest £1M and create 15<br />
jobs by 2018 as it grows its business and<br />
increases its team to 50.<br />
The investment is funded by the director.<br />
Available positions will include engineers,<br />
logistics personnel and warehouse staff as<br />
well as sales and business development<br />
professionals.<br />
The company plans to triple its Republic of<br />
Ireland business to £2.5 million over the next<br />
three years.<br />
AMI specialises in secure IT retirement<br />
services that can generate revenue back for<br />
customers from the safe disposal of older IT<br />
assets.<br />
It is among the world’s top seven<br />
companies for the quality of its secure data<br />
sanitisation processes, according to the<br />
world’s leading IT disposal standards body,<br />
ADISA.<br />
One quarter of 200 largest IT user<br />
organisations on the island of Ireland already<br />
have their old IT devices retired by AMI.<br />
A major factor in AMI’s decision to invest in<br />
growth at this time is growing concerns over<br />
data security, stemming from the GDPR<br />
regulation which could see companies being<br />
fined four per cent of their global revenues if<br />
they suffer data breaches. A strong increase<br />
in the need for AMI’s services from the fast<br />
expanding data centre industry in Ireland is<br />
also key.<br />
Philip McMichael, managing director, AMI,<br />
said: “We have grown by 20 per cent per year<br />
in each of the last three years, and while the<br />
recovering economy is part of this, a major<br />
factor is the volume of inbound multinational<br />
investment from industries where data<br />
security is critical.<br />
“These include data centres, financial<br />
technology, and medical technology<br />
companies.<br />
“We have also been retained by<br />
government bodies and a number of security<br />
specialists to manage IT disposal on their<br />
behalf.<br />
“We’re always looking to grow and<br />
innovate, and the expansion in the technology<br />
sector in Ireland presents a huge opportunity<br />
for us.<br />
“The IT retirement stage can leave data<br />
vulnerable if not handled correctly. The most<br />
security conscious companies choose AMI to<br />
be assured of the lowest risk of harmful data<br />
leaks from old devices.<br />
“We have invested heavily in being the<br />
most secure operator on the market, and as<br />
more companies become aware of the<br />
importance of security, AMI aims to become<br />
embedded within their businesses.”<br />
Faye Thomas, business manager, AMI, said:<br />
“AMI has achieved steady yearonyear<br />
growth since it opened its offices in Dublin in<br />
2008.<br />
“The larger team is to ensure that we can<br />
continue to deliver on our commitment to be<br />
the most service and customer focused<br />
company in the industry.<br />
“Our Irish operations currently account for<br />
35 per cent of our overall business, and<br />
within the next three years we expect it to<br />
account for the majority of our business.<br />
“We have already made a major investment<br />
in our data sanitisation technologies and<br />
systems so that we can securely process<br />
3,000 devices and wipe almost 200,000 GBs<br />
per day.<br />
“The focus now is now all about expanding<br />
our marketing and logistics capabilities to<br />
cater to customer needs.”<br />
10 www.businessfirstonline.co.uk
Fitzwilliam and Fitzwilliam are business hotels of the<br />
year, says Georgina Campbell<br />
he Fitzwilliam Hotel Belfast and The<br />
Fitzwilliam Hotel Dublin have been<br />
Tnamed <strong>Business</strong> Hotel of the Year 2017<br />
at The Georgina Campbell Awards.<br />
The Georgina Campbell Awards are<br />
Ireland’s longest running and most respected<br />
hospitality awards, seeking out the best in<br />
food and hospitality. They independently<br />
assess and award a wide variety of fine dining<br />
and casual restaurants, accommodation, chefs<br />
and hosts to culminate the annual ‘best in<br />
class’ list.<br />
The Fitzwilliam Hotel, Belfast has won the<br />
prestigious accolade of <strong>Business</strong> Hotel of the<br />
Year for its first class facilities and service.<br />
Situated in the city centre, it boasts 130<br />
guestrooms and four stylish meeting rooms<br />
overlooking Howard Street and Great Victoria<br />
Street, all equipped with stateoftheart<br />
audiovisual equipment; some of the most<br />
contemporary meeting space in Belfast.<br />
General Manager at the Fitzwilliam Belfast,<br />
Cian Landers commented on the award: “We<br />
are so proud that the Fitzwilliam Belfast has<br />
been recognised as one of the rising stars in<br />
Belfast’s hospitality industry being named<br />
<strong>Business</strong> Hotel of the Year 2017. This<br />
accolade is a fantastic achievement and we<br />
are very proud of our team who work<br />
seamlessly together every day ensuring the<br />
quality of our product and the levels of<br />
professional service exceed all our guests’<br />
expectations.”<br />
“Since opening in 2009, the Fitzwilliam<br />
Hotel has quickly established itself as the<br />
premier hotel in Belfast; this has been in part<br />
due to our exceptional location and our<br />
emphasis on providing warm hospitality,<br />
What’s the BIG IDEA at this years Pitch-Up event?<br />
E<br />
ighteen of Northern Ireland’s most<br />
exciting startup businesses took<br />
centre stage at Titanic Belfast<br />
recently as part of the annual Invest<br />
Northern Ireland Propel Programme<br />
‘PitchUp’ event.<br />
Following months of intensive planning,<br />
networking and mentoring, the<br />
entrepreneurs had the opportunity to pitch<br />
their big ideas to an audience of high<br />
profile business investors. From ground<br />
breaking drone technology and worldleading<br />
healthcare innovation to artisan<br />
food and bespoke giftware, the diverse<br />
range of businesses pitched ideas of truly<br />
Titanic proportions in a venue honouring<br />
one of Northern Ireland’s most iconic<br />
exports.<br />
Tracy Meharg, Invest Northern Ireland’s<br />
Executive Director, <strong>Business</strong> Solutions, is<br />
pictured with the group as they prepared<br />
for the big pitch.<br />
good food and excellent service. There is<br />
definitely growing demand in Belfast for<br />
luxury accommodation in a stylish yet<br />
welcoming setting. This prestigious award<br />
will inspire us to continue providing<br />
exceptional service for all our guests.”<br />
Speaking at the awards ceremony on , Ms.<br />
Campbell commented; “Understated luxury is<br />
the hallmark of these city centre sister hotels<br />
in Belfast and Dublin, both of which are cool<br />
destinations for leisure guests thanks to their<br />
excellent locations, designled contemporary<br />
style, good food and outstandingly friendly<br />
and helpful staff. These same qualities plus<br />
thoughtfully designed guest rooms offering a<br />
comfortable inroom working environment,<br />
business back up services and highspec<br />
conference and meeting facilities also have<br />
special appeal for discerning business guests.<br />
Whether as a service for local businesses, or a<br />
residential destination for overseas<br />
businesses meeting counterparts in Ireland,<br />
these hotels also offer great downtime<br />
opportunities and are well placed for visitors<br />
to experience the best of their chosen<br />
destination. In short, they are just great<br />
places to stay, and to work.”<br />
The Five Star Fitzwilliam Hotel Dublin first<br />
opened its prestigious doors in 2001, and<br />
with a location that offers the historically<br />
imbued St. Stephen’s Green to one side, and<br />
Dublin’s most famous shopping destination,<br />
Grafton Street to the other, the hotel<br />
continues to attract the discerning<br />
international traveller and guest.<br />
www.businessfirstonline.co.uk<br />
11
COVER STORY - BELFAST MET<br />
BELFAST METROPOLITAN<br />
COLLEGE: LEADING<br />
FUTURE GENERATIONS<br />
TO WORK<br />
Belfast Metropolitan College has been serving Northern Ireland business for 110 years. With the opening of the Belfast <strong>Business</strong> College<br />
in 2017, it will position itself as a generator of talent for the next century<br />
Damian Duffy (Director of Development), MarieThérèse McGivern (Principal and CEO), Steve McKee (Marketing expert) , Beverley Harrison (Department of<br />
Economy, Frank Bryan (Chair of Board of Governors)<br />
12 www.businessfirstonline.co.uk
S<br />
ince 1906, Belfast Metropolitan College<br />
has pioneered opportunity in Belfast by<br />
‘Leading the City to Work’.<br />
Established to answer the early 20th<br />
century’s growing demands for a workforce<br />
with skills relevant to Belfast’s emerging<br />
industries, Belfast Met has become<br />
synonymous with providing outstanding<br />
knowledge and innovation necessary for<br />
crafting the City’s workforce and contributing<br />
to the country’s economic success.<br />
Now, as the College celebrates its 110th<br />
anniversary, it takes inspiration from its<br />
iconic legacy in paving the way for the future.<br />
Putting it in context<br />
Belfast Met began as the Belfast Municipal<br />
Technical Institute in a year which also saw<br />
the opening of Belfast City Hall and the Royal<br />
Victoria Hospital – two other inherently<br />
Belfast institutions.<br />
1906 was at the height of the City’s<br />
industrial revolution and the aim of the<br />
College was to provide the skills necessary to<br />
propel vital trades forward.<br />
Courses offered included engineering, ship<br />
building, textiles, general manufacturing, and<br />
many more, earning the College the<br />
reputation of providing the ‘workforce of<br />
tomorrow’ – people with the skills needed to<br />
meet job demand.<br />
And skills weren’t limited to men – the<br />
college offered courses for everyone, to<br />
ensure that the entire community was<br />
equipped, prepared and ready to work.<br />
Where we are now<br />
110 years later, the focus of Belfast Met<br />
remains the same. Headquartered at the TQ<br />
building in the thriving Titanic Quarter and<br />
led by Principal MarieThérèse McGivern, the<br />
College provides full and parttime<br />
programmes that are accessible, flexible and<br />
industryendorsed, with strategic links and<br />
partnerships to the local business community<br />
and employers, to help provide a ‘ready to<br />
work workforce’ – and maintain the college’s<br />
slogan, ‘Leading the City to Work’.<br />
Coordinated with the Northern Ireland<br />
Economic Strategy, the College’s curriculum<br />
is developed to match the identified future<br />
economic growth areas and support them by<br />
providing highquality courses required to<br />
equip a modern workforce.<br />
Roadmap to the future<br />
The College’s new Corporate Plan (2016<br />
2020) does just that, and foresees a period of<br />
great change in the wider government,<br />
economic and technological landscapes in<br />
Northern Ireland.<br />
To accommodate this, the College will<br />
launch its new Belfast <strong>Business</strong> School in<br />
March 2017 – the first of its kind in the UK.<br />
Students celebrate Belfast Metropolitacn College’s 110 years of service to Northern Ireland<br />
Led by a team of industry experts, the<br />
<strong>Business</strong> School will feature a packed<br />
prospectus designed to provide students with<br />
the skills to compete in a demanding<br />
corporate market.<br />
There will also be insightful masterclasses<br />
and workshops hosted by industry experts<br />
who have experienced emerging business<br />
developments firsthand.<br />
Based in the e3 building at the Springvale<br />
Campus, the college is spending over £1m<br />
upgrading its teaching and training facilities<br />
to help execute the wide range of digitallydelivered<br />
professional short courses that the<br />
<strong>Business</strong> School will offer.<br />
Belfast Met continues to expand delivery of<br />
its Assured Skills Academy programme – a<br />
unique set of training programmes run in<br />
partnership with the Department for the<br />
Economy and Invest Northern Ireland.<br />
The College works collaboratively with<br />
companies to identify skills needs and in turn<br />
develops a bespoke training academy to suit,<br />
with the aim of providing an upskilled<br />
workforce to facilitate new inward investors<br />
and provide existing employers with the<br />
skills required to enable business expansion.<br />
Since launching in August 2013, Belfast Met<br />
has delivered 30 training programmes,<br />
working with companies such as Deliotte,<br />
PWC, AMS and Fintru, amongst others.<br />
Most recently, Belfast Met has been<br />
recognised by winning a prestigious Northern<br />
Ireland Chamber of Commerce Education and<br />
<strong>Business</strong> Partnership Award.<br />
Over 110 years, Belfast Met has grown to be<br />
a £60m business, employing over 1,000<br />
QUOTABLEQUOTE<br />
Over 110 years, Belfast Met has<br />
grown to be a £60m business,<br />
employing over 1,000 people<br />
and enriching the minds of over<br />
20,000 students every year.<br />
people and enriching the minds of over<br />
20,000 students every year.<br />
These students graduate with vital skills<br />
that not only ready them for joining the<br />
workforce, but have the ability to transform<br />
their lives and directly contribute to the<br />
success of Northern Ireland’s economy. 110<br />
years after first opening its doors, Belfast<br />
Met’s dedication to this mission has not<br />
shifted and today the College looks to the<br />
future of creating leaders, engaging<br />
businesses and ultimately, ‘Leading the City<br />
to Work’.<br />
www.businessfirstonline.co.uk<br />
13
BEST PRACTICE<br />
Banking on Intellectual Property<br />
the underappreciated asset<br />
by Iain Lundie, partner at UHY Hacker Young Fitch Chartered Accountants<br />
he World Intellectual Property<br />
Organization (WIPO) defines<br />
Tintellectual property as “creations of the<br />
mind, such as inventions; literary and artistic<br />
works; designs; and symbols, names and<br />
images used in commerce.”<br />
Unfortunately, when we look to valuing<br />
creations of the mind, accountancy does not<br />
help much and intellectual property value<br />
tends to be a balancing figure which denotes a<br />
business value that cannot be explained by its<br />
tangible assets alone. Your business is worth<br />
more than the sum of its touchable parts.<br />
The problem of undervaluing and<br />
underappreciating this value cannot be<br />
overstated. The issues involved in valuing<br />
and appreciating intellectual property across<br />
the full range of <strong>Business</strong> Owner issues, from<br />
Banking and Finance to decision and policy<br />
making through to taxation.<br />
In 2013 the UK intellectual property office<br />
released the study "Banking on IP? The role of<br />
intellectual property and intangible assets in<br />
facilitating business finance"<br />
The study reported findings on how<br />
effectively Small and Medium Enterprises,<br />
described as “The lifeblood of the economy”,<br />
are able to use their IP assets to secure the<br />
finance they need for company growth and<br />
whether there was more that companies and<br />
financiers could do to leverage the IP assets.<br />
The context of the report was the findings<br />
of the 2012 Breedon Report which estimated<br />
that shortage of finance for SMEs was<br />
between £84 billion and £191 billion and<br />
that, according to recent research published<br />
by BIS:<br />
"If the situation is not resolved, output,<br />
investment and employment will be lower<br />
than would otherwise be the case, with<br />
adverse effects on economic performance in<br />
the short and longer term."<br />
The study found that IP is an "underappreciated<br />
asset class" and is, in effect,<br />
"unbankable". However, the report noted that<br />
IP and intangibles are valued highly by equity<br />
investors and commercial lenders.<br />
A 2006 ACCA report stated that "intangible<br />
assets provide the basis of superior profits<br />
and enterprise value beyond that determined<br />
by competitive market conditions".<br />
However, IP was not considered the asset of<br />
first choice. Nevertheless, a high proportion<br />
of commercial lenders "felt more could be<br />
done with them to improve control, inform<br />
appetite, or both"<br />
As we all know, finance, remains one of the<br />
key issues in maintaining the SME sector and<br />
the issue of identifying and valuing<br />
14 www.businessfirstonline.co.uk<br />
intellectual property<br />
needs to be<br />
improved so that the<br />
routes to finance can<br />
follow.<br />
This is a process by<br />
which businesses<br />
must be educated in<br />
identifying and<br />
valuing intellectual<br />
property, primary<br />
funders must see the<br />
reliability and<br />
repeatability of these<br />
values and be able to<br />
bank this part of the<br />
business.<br />
A further issue in<br />
undervaluing and<br />
underappreciationg intellectual property is<br />
that it is then left unprotected. It is crucial<br />
that your business is able to identify, value<br />
and protect its intellectual property.<br />
This definition can encompass many areas<br />
of your business, such as its name, logo,<br />
designs, inventions works of creative or<br />
intellectual effort or trademarks.<br />
Each of these make your business unique<br />
and in order to protect this ability to generate<br />
commerce the issue must be understood and<br />
protected where possible.<br />
A simple example of where this may<br />
cause issues is with your website, a<br />
good question is “who owns it?”<br />
This seems simple but reality may be<br />
different. You rent the domain name, you<br />
may own the visual design if you created it<br />
but if this is more of a theme amended to<br />
work for your business you may not own<br />
much of the look and feel.<br />
You may own the source code of the site but<br />
be aware of some agencies who will claim<br />
ownership of this as well. You almost<br />
certainly won’t own the platform that the<br />
website runs on and you won’t own the web<br />
server database or browser.<br />
How can you protect this intellectual<br />
property?<br />
This should form part of your inhouse<br />
procedures and processes. Identifying areas<br />
which can be legally protected, ensuring that<br />
registrations are regularly checked and risks<br />
are identified.<br />
There should be action plans in place<br />
should you need to change provider or look<br />
to make changes and upgrades to your<br />
website.<br />
This is an example of something which may<br />
be outsourced cheaply but can cause many<br />
issues.<br />
It would be remiss not to discuss the tax<br />
reliefs which are available to those involved<br />
in generating intellectual property.<br />
In line with the UK strategy of developing<br />
the “Knowledge economy” there are a myriad<br />
of reliefs available including:<br />
• Research and development tax credits<br />
• Creative Industry corporation tax relief<br />
• Tax relief on investment into IP focussed<br />
companies<br />
• Reduced Capital Gains Tax for Directors<br />
and employees<br />
• <strong>Business</strong> Property relief for inheritance<br />
tax<br />
• Capital Gains Tax deferral<br />
• Patent box corporation tax relief.<br />
It is important to understand, harness,<br />
value and protect intellectual property rights<br />
in order to exploit these government reliefs<br />
and ensure that the maximum value of your<br />
business is being achieved.<br />
MOREINFORMATION<br />
If there is anything in this article<br />
that you find of use or if there is<br />
anything that we can assist with<br />
please do not hesitate to contact<br />
either Iain Lundie<br />
i.lundie@uhy-uk.com) or<br />
Michael Fitch<br />
m.fitch@uhy-uk.com)<br />
on 028 9032 2047.
BEST PRACTICE<br />
ON A BOARD?<br />
You just can’t play it by ear!<br />
by Joy Allen CDir, managing director of Leading Governance Ltd, and Lead Tutor with IoD in London. She has specialised in board<br />
review and development processes for 14 years.<br />
very time we turn on the news, there<br />
seems to be another governance<br />
E<br />
scandal. Whether its Volkswagen,<br />
Tesco, BHS or Sports Direct, there are<br />
frequent reminders of the need for company<br />
directors to be alert, engaged and trained for<br />
the job.<br />
Continual learning is essential in the<br />
modern boardroom if risks are to be spotted<br />
and managed, and if strategic goals are to be<br />
achieved.<br />
The most capable directors understand the<br />
relevance of the Chartered Director<br />
qualification, and the importance of<br />
continuing development.<br />
The legal duties of directors are clearly<br />
enshrined in law, including in the Companies<br />
Act 2006.<br />
We are required to exercise ‘care, skill and<br />
diligence’, which means we need to know<br />
what we’re doing! How many directors have<br />
a really good induction when they’re<br />
appointed?<br />
Most get a tour of the premises,<br />
introduction to key staff, and maybe a pack of<br />
papers to read through. Very few, in our<br />
experience, get structured training in their<br />
legal responsibilities, and support to spot<br />
strategic opportunities and key risks.<br />
A good director induction will<br />
include:<br />
• Familiarisation with the governing<br />
documents – Articles of Association,<br />
Shareholder Agreements, etc<br />
• Previous Annual Reports & Accounts<br />
• Strategic Plan, <strong>Business</strong> Plan<br />
• Strategic Risk Register<br />
• Pen portraits of fellow directors<br />
• Role Descriptions for the board, board<br />
members, chairman, company secretary,<br />
MD<br />
• Details about the delegation framework –<br />
in a formal setting, there will be a Schedule<br />
of Matters Reserved to the Board and a<br />
Scheme of Delegation. In a less formal<br />
business, people at each level should be<br />
clear about what decisions they can make<br />
(including spending limits) and what they<br />
need to bring to the next level up.<br />
Induction is just the start<br />
If the company is to maximise success and<br />
minimise the risk of failures, then induction<br />
for board members is just the start ongoing<br />
training is also vital.<br />
Most of us come to the boardroom through<br />
the executive route, promoted through the<br />
18 www.businessfirstonline.co.uk<br />
Alan Taylor of Arthur Cox and IoD NI Director Linda Brown (seated) with Briege Bradley and<br />
Sheila Donaghy from Ulster Bank at one of the Institute’s Effective Board sessions<br />
ranks of management, and familiar with the<br />
detail of day to day business.<br />
Investing in continuous professional<br />
development helps directors to raise their<br />
heads out of operational detail and think in a<br />
more strategic way about how best they fulfil<br />
those duties.<br />
The complexity of the role means that<br />
directors need to be well informed and<br />
energised in their role.<br />
The UK Code of Corporate Governance<br />
guides the board to provide entrepreneurial<br />
leadership within a framework of prudent<br />
controls.<br />
Both of those aspects require director<br />
competence and a board that shows clear<br />
leadership. The culture of the company<br />
should be led by the board, which should set<br />
the tone for everyone else.<br />
By investing in development of the board<br />
and its members, a clear signal is sent that the<br />
organisation values continual learning, and<br />
guards against complacency.<br />
That will encourage staff to continuously<br />
learn and develop, creating a vibrant learning<br />
organisation that will be the envy of<br />
competitors. Really effective directors are<br />
committed to continually developing<br />
themselves and growing in their role.<br />
They lead by example, recognising that<br />
even experienced executives have more to<br />
learn.<br />
Professionalising the board<br />
The mantra of the Institute of<br />
Directors is ‘Better Directors, Better<br />
<strong>Business</strong>es, Better Economy’. Having a<br />
board that believes in continuing professional<br />
development is at the core of creating the<br />
Better Directors, who build a Better <strong>Business</strong><br />
that leads to a Better Economy.<br />
The IoD main objective is to help directors<br />
and business leaders to access professional<br />
development opportunities and so offers a<br />
wide portfolio of one, two and three day<br />
courses as well as the Chartered Director<br />
Programme, which can lead to the award of<br />
the Chartered Director qualification as well as<br />
the Certificate and Diploma in Company<br />
Direction.<br />
The next Programme starts in January 2017<br />
and anyone interested in this can contact the<br />
IoD at iod.northernireland@iod.com for<br />
more information.<br />
In Northern Ireland, the Competent<br />
Director Series has been developed to meet<br />
the needs of local business leaders with<br />
support from Ulster Bank and Arthur Cox.<br />
The Competent Director Series provides an<br />
accessible mix of half day workshops on<br />
topics such as finance for board members and<br />
the role of a nonexecutive director,<br />
interactive boardroom sessions, the New<br />
Director Boot Camps, and for 2017, a new<br />
programme of workshops on The Competent<br />
Chair, covering all aspects of Chairing a<br />
company and its board. For information on<br />
this activity, go to www.iodni.com/events
What do we consider the<br />
achievements of the year to<br />
date?<br />
Naomi Waite, Tourism NI<br />
There are several strands from a<br />
communications and PR angle: part export<br />
sales, part extending the reputation of<br />
Northern Ireland as destination. We set<br />
ourselves the target of generating £10m of<br />
positive PR and at half way point we’ve<br />
achieved £30m of positive PR with 61<br />
international media visits.<br />
The launch event at Ulster Hall was a real<br />
success setting the scene for collaboration<br />
across the sectors. But it was the<br />
development of the monthly calendar of<br />
activity with Food NI that has proven to be<br />
the best way to focus our efforts.<br />
We’ve had numerous international<br />
successes, not least a nine page spread in<br />
Food Canada. Alongside filming at Foyle<br />
Maritime Festival and St George’s Market, and<br />
great social media levels of engagement, we<br />
can confidently say that the year is shaping<br />
up to be an outstanding success.<br />
John Hood, Invest NI<br />
The food and drink sector accounts for 25<br />
per cent of Northern Ireland’s export sales<br />
with 70 per cent of food production exported.<br />
Year of Food and Drink<br />
Round Table with Tourism NI<br />
Year of Food and Drink is delivering strong partnerships and PR across Northern Ireland and beyond. We gathered a<br />
cross section of the sector at Tourism NI’s offices to gauge its success and look at potential next steps. Howard<br />
Hastings, managing director of Hastings Hotels and past chair of Tourism NI sets the scene.<br />
A<br />
fter the success of the Giro d’Italia and<br />
the Irish Open we needed to create a year<br />
long programme of indigenous events.<br />
Food and drink has capacity to do that and<br />
we wanted to build awareness of our food<br />
and drink sector locally and use it as a<br />
tourism driver while also developing the agrifood<br />
industry.<br />
The idea was to build food trails and<br />
festivals, dialup existing food based events<br />
and revive the tired ones.<br />
In 2014 we decided that we would make<br />
2016 the Northern Ireland Year of Food and<br />
Drink. It was an ambitious timescale as we<br />
needed to create the delivery platforms and<br />
grow civic pride to the point of high<br />
engagement.<br />
It was complicated because of the diversity<br />
of the sector which required buyin from<br />
ministers of Economy, Agriculture and the<br />
then Department of Environment plus the<br />
new Councils along with involving Tourism<br />
Ireland to take the project internationally.<br />
Back Row: Michael Jackson, Food Standards Agency: John Hood, Invest NI: Caroline<br />
Wilson, Belfast Food Tours: Glynn Roberts, NIIRTA: Niall Mckenna, James St South: Gavin<br />
Walker, <strong>Business</strong> <strong>First</strong> (chair): Howard Hastings, Hastings Hotels. Seated, John McGrillen,<br />
Tourism NI: Sharon Machala, Food NI: Naomi Waite, Tourism NI<br />
Of that, 97 per cent is consumed within the<br />
European Union and the Republic of Ireland<br />
is by far our biggest market accounting for 16<br />
per cent of exports.<br />
But ours is a competitive market and it’s<br />
hard to make profit, so the most important<br />
aspect of the Year of Food and Drink for us<br />
has been the enhancement of our reputation<br />
outside of Northern Ireland.<br />
Where we have recognised a weakness,<br />
however, is that Northern Ireland doesn’t<br />
have a brand. Scotland plays on the Soltaire,<br />
tartan and thistle, and Wales is developing a<br />
brand around the Dragon. So we need to find<br />
our own identity. For us it revolves around<br />
three ideas: Purity: Natural: Quality.<br />
We have a food fortress which guarantees<br />
food purity. Our natural environment is<br />
recognised across the world, and recent<br />
successes in awards such as the Great Taste<br />
Awards means that our quality has been<br />
measured independently.<br />
In a recent Retail Grocer ninepage article<br />
the headline read: Northern Ireland Food and<br />
Drink is UK’s Best Kept Secret – but that’s<br />
about to change. The export dimension is an<br />
important aspect of the legacy of Year of Food<br />
and Drink.<br />
Food and Drink creates employment<br />
opportunities across Northern Ireland and we<br />
have to make the sector more attractive to<br />
local people.<br />
Sharon Machala, Food NI<br />
There’s no doubt the Monthly Calendar<br />
helped to focus industry and had their buyin.<br />
The calendar was based on existing festivals<br />
and has gradually gained momentum, with<br />
retailers like Tesco and Lidl getting onboard.<br />
Councils and Invest NI have also been very<br />
involved so the year has allowed us to<br />
connect the dots and we look forward to<br />
continuing that in 2017.<br />
Caroline Wilson, Belfast Food Tours<br />
I wouldn’t be here and my business<br />
certainly wouldn’t be as successful as it is<br />
without Year of Food and Drink.<br />
I’ve noticed in particular the focussing of<br />
minds with the industry, retailers and the<br />
public.<br />
Economic confidence in the sector is also<br />
growing with diversification and new<br />
businesses being set up across Northern<br />
Ireland. And that confidence is spreading to<br />
our students who are now convinced that the<br />
industry – food and tourism – has a future as<br />
a career choice.<br />
Michael Jackson, Food Standards<br />
Agency<br />
Our job is to ensure that locals and tourists<br />
both enjoy a secure and healthy experience<br />
and we have continued to see an increase in<br />
www.businessfirstonline.co.uk<br />
19
ROUND TABLE<br />
John McGrillen, Howard Hastings and Naomi Waite<br />
levels of compliance within the industry. At<br />
this point we have 97 per cent of businesses<br />
rated at least three on the Food Hygiene<br />
Scheme which is the highest in UK.<br />
The Year of Food and Drink as provided us<br />
the opportunity to promote healthy eating<br />
and diet choices and the Calendar has allowed<br />
us to align the Eat Well Calendar with the<br />
Year of Food and Drink.<br />
Niall McKenna, James St South<br />
There has been a definite uplift in business<br />
from around UK and a positive mentality<br />
from restauranteurs for collaboration and<br />
development.<br />
Staff retention is also so much better and I<br />
have more international staff wanting to<br />
work in Belfast. Not only that, staff are now<br />
going to festivals to find out more about what<br />
is available locally and becoming more aware<br />
of the produce available to them. It’s been<br />
notable and impressive.<br />
we both know that a successful town centre is<br />
a mix of retail and hospitality: happy<br />
restauranteurs equals happy retailers as they<br />
both feed footfall to each other.<br />
John McGrillen, Tourism NI<br />
We’re all in the economic development<br />
business but sometimes we get stuck in our<br />
silos. What the Year of Food and Drink has<br />
done is allowed us to work together to meet<br />
our individual objectives but with an eye to<br />
the overall success of Northern Ireland.<br />
There is a real opportunity to develop new<br />
businesses outside of the cities with<br />
development of businesses such as Kilmegan<br />
Cider in Newry.<br />
These create real opportunities for smaller<br />
communities to become sustainable which<br />
makes for a better tourist experience and all<br />
of this feeds into the success of the sector.<br />
When we work together we get results. To<br />
some extent this isn’t a surprise to us. We had<br />
experienced it from the feedback from the<br />
organisers of the international events such as<br />
the Giro d’Italia who have all been impressed<br />
by the level of cooperation across all<br />
agencies and sectors to deliver a great<br />
experience for the client.<br />
So we knew it could be done, and it’s great<br />
to have the success of our own Year of Food<br />
and Drink to put all of that to our advantage.<br />
Tourism is an export business. We create an<br />
income of £500m per year. But more<br />
importantly we provide jobs across the<br />
country and in places like Belfast where over<br />
35 per cent of the population is economically<br />
inactive and who are not being served by the<br />
FDI successes that require high level skills<br />
that these people don’t have.<br />
At the same time there are always new<br />
destinations and tourism products being<br />
developed internationally and so while we<br />
have a great product in place, we can’t be<br />
complacent and must continue to invest in<br />
tourism infrastructure and marketing.<br />
Howard Hastings, Hastings Hotels<br />
The success of the Year is hopefully<br />
showing politicians that they need to review<br />
the way they approach economic<br />
development.<br />
Historically it is often the highpay jobs that<br />
are transitory, lasting only until the<br />
machinery or technology becomes obsolete.<br />
Contrast that with the reality that while the<br />
hospitality industry might not create as many<br />
high paying jobs, they are more sustainable.<br />
So when we create jobs within places like<br />
Titanic Belfast, those jobs are going to be<br />
around for 50 or 60 years. That married with<br />
the fact that we are becoming better able to<br />
grow our domestic economy and grow the<br />
euro and dollar economy and you can see that<br />
Glyn Roberts, NIIRTA<br />
As a result of the focus on food and drink,<br />
retailers have become more encouraged to<br />
source locally.<br />
We now have more food processors as<br />
members and we are enthusiastic partners in<br />
the year.<br />
But it’s all about the legacy of the year. Can<br />
we develop more indigenous businesses and<br />
increase the skills level to serve the<br />
expanding sector.<br />
It’s great to see so many different players<br />
getting involved. Success will be measured by<br />
how many new businesses we’ve created,<br />
how many new visitors we’ve attracted and<br />
how many businesses have seen an increase<br />
in turnover and profit.<br />
Hopefully the legacy of the year will be a<br />
greater development of our town centres. We<br />
work closely with Hospitality Ulster because<br />
Niall McKenna, James St South and Glyn Roberts, NIIRTA<br />
20 www.businessfirstonline.co.uk
the tourism pound is better recycled within<br />
the economy. You can see that from the new<br />
jobs and businesses that are being created.<br />
It’s clear that when you are marketing<br />
tourism within Northern Ireland you are also<br />
selling Northern Ireland as a great place to<br />
live, study and invest. This is an exciting time<br />
for a new Programme for Government to reimagine<br />
their industrial policy and we have<br />
demonstrated how investment in tourism<br />
reaches so much further than within the<br />
sector.<br />
So when the Year is finished,<br />
what will be its legacy and what<br />
are the Next Steps?<br />
John McGrillen, Tourism NI<br />
We need to engage with tourists who are<br />
‘culturally curious’. Typically they are welleducated<br />
and focussed on the quality of food,<br />
heritage and culture.<br />
We are perfectly placed for that sector and<br />
we can present ourselves as a food<br />
destination. It might not be the sole reason<br />
for visiting, but it provides an important<br />
addedvalue to these tourists.<br />
The business to business and incentive<br />
market is growing in importance to us as<br />
well. They are looking for an integrated<br />
experience and we have proven that we can<br />
provide that. As a result, they are prepared to<br />
pay premium prices therefore making an<br />
even greater contribution to the local<br />
economy.<br />
Howard Hastings, Hastings Hotels<br />
I get really excited when the Scottish Food<br />
and Drink Society asks, ‘What are you guys<br />
doing right’. Or when the Restaurants<br />
Association of Ireland put in their preelection<br />
manifesto that they want a Year of<br />
Food and Drink. The awards recognition for<br />
food and drink providers is exciting and the<br />
decision of the BBC Good Food Show to come<br />
to Northern Ireland is a significant event that<br />
would have been inconcievable only a few<br />
years ago.<br />
We are demonstrating a new selfconfidence<br />
and that is the really positive<br />
narrative coming out of the year. We’re just in<br />
the foothills of where we can take this and we<br />
need to be sure to drive on into next year and<br />
the year after that.<br />
Opportunities are extensive and exciting.<br />
John Hood, Invest NI<br />
This year we have enhanced our image and<br />
reputation giving us access to new markets.<br />
The most important thing now is to drive<br />
additional sales for our local food and drink.<br />
This year we are looking for a £30m<br />
increase in sales and our next step is simple:<br />
drive sales of our quality produce.<br />
Sharon Machala, Food NI<br />
We are focussed on having a collective<br />
approach through strategic partnerships. We<br />
have linked in with so many organisations<br />
and agencies to enhance Northern Ireland’s<br />
reputation for food and drink and we want to<br />
continue building on that.<br />
Caroline Wilson, Belfast Food Tours<br />
Building on the support that’s going to<br />
producers and tourism providers on the<br />
North Coast and Derry will hopefully be<br />
extended across Northern Ireland. There is<br />
massive corporate demand for tours outside<br />
Belfast and I hope we will build on that.<br />
But perhaps the most important next step is<br />
the development of a Made in Northern<br />
Ireland brand that makes us stand out from<br />
our competitors. The consumers want it and<br />
so we have to educate our locals and tourists<br />
of what is available locally and celebrate that<br />
uniqueness.<br />
Michael Jackson, Food Standards<br />
Agency<br />
We have demonstrated that we can have a<br />
different dynamic that can drive the whole<br />
industry forward. We’re working to provide<br />
information to help people make a more<br />
informed choice when it comes to their food.<br />
John McGrillen, CEO, TOurism NI<br />
Niall McKenna, James St South<br />
The Calendar was a brilliant innovation for<br />
the Year. Now if we could look at the<br />
possibility of bringing some of the events<br />
closer together so visitors will have more<br />
than one event to visit once they are here,<br />
that would be a great next step.<br />
Less fragmentation will encourage a longer<br />
stay and that can be set alongside theatre and<br />
the arts so visitors aren’t left saying ‘that was<br />
great, but what’s next.’<br />
Glynn Roberts NIIRTA<br />
The legacy of the Year will be economic<br />
development and confidence but next steps<br />
are about connectivity with skills needs and<br />
provision. We need to get the right skills sets<br />
in place to serve what is obviously an exciting<br />
and growing industry.<br />
Naomi Waite, Tourism NI<br />
I think there are a number of great areas we<br />
can drive on from here. We can build the<br />
relationships with international media. The<br />
calendar is a real success and we should<br />
continue to build on that. Visitors are looking<br />
for more information and the new<br />
collaboration will allow us to provide that.<br />
We have developed a library of images,<br />
recipes and other collateral all available to<br />
journalists. New food trails for the visitor<br />
who wants a fully immersive food experience.<br />
Caroline Wilson, Belfast Food Tours and Michael Jackson, Food Standards Agency<br />
www.businessfirstonline.co.uk<br />
21
BEST PRACTICE<br />
7by Anne Phillipson, Programme Director, William J Clinton Leadership Institute, QUB<br />
L<br />
STEPS TO SUCCESSFUL<br />
TALENT DEVELOPMENT<br />
eaders spend a lot of time thinking about<br />
the future. Without a crystal ball to<br />
assist them, they have to make an<br />
educated guess as to what the market will<br />
look like, how their customers’ demands will<br />
have changed, and how the entire<br />
environment they operate in will have<br />
shifted. Once they have stepped into the<br />
future, they have to return to the present and<br />
make a plan.<br />
That plan has to involve developing the<br />
bench strength of their people, so that they<br />
have the talent to deliver that future.<br />
Be honest, how many of you reading this<br />
article have invested in a meaningful talent<br />
development process so that you can state,<br />
with confidence, that you know who you want<br />
in key roles in the future and those<br />
individuals are working a personalised<br />
development plan to help them be ready<br />
when the time comes? If your answer is less<br />
than a ‘absolutely, yes’, then read on.<br />
The risk of not having a development<br />
strategy is similar to not having a business<br />
strategy. There’s always a slight chance that<br />
you will be okay without it, but is that a<br />
chance you really want to take with your<br />
organisation’s future?<br />
Wouldn’t it be better to assess your current<br />
talent, identify the critical roles that can’t be<br />
filled from the outside without a huge learning<br />
curve, and develop your own people now?<br />
And what a positive message to be able to<br />
share with your team; we have great plans for<br />
you, we want to grow and develop you to be<br />
ready to take on greater responsibility, and<br />
we are investing in you. Retention; tick.<br />
Engagement; tick. Successful transition; tick.<br />
Large organisations usually have a<br />
22 www.businessfirstonline.co.uk<br />
structured talent development process. But<br />
for medium or small enterprises, it doesn’t<br />
have to be costly process and you don’t need<br />
to hire consultants to do this for you.<br />
In fact, it’s much easier for SMEs to review<br />
their talent pool, since the relationships and<br />
connections across the organisation are much<br />
closer and so there is a real depth of<br />
understanding of the current performance<br />
across the entire team. While HR partners can<br />
help facilitate the process, managers must be<br />
central to the talent review.<br />
1Assess current performance.<br />
Review how people are doing in their<br />
current role. This assessment is not<br />
just about whether they got the job done, but<br />
HOW did they get the job done.<br />
Do people want to work with them again, or<br />
do they hit their targets but leave a path of<br />
destruction behind them. The WHAT and the<br />
HOW are important considerations in<br />
assessing current performance. Performance<br />
discussions should include asking people<br />
about their own desire for future roles in the<br />
organisation and their aspirations.<br />
2Assess potential<br />
When you review each individual, you<br />
will know how they are doing in their<br />
current role based on this year’s performance<br />
review, but you must also consider their<br />
potential. Can you see them getting to the<br />
next level?<br />
What about the level after that? It’s okay to<br />
be a solid performer that won’t go any further<br />
up the ladder; in fact, you need people like<br />
that in most organisations.<br />
That doesn’t mean they won’t get further<br />
development, they will. It will just look<br />
different than those who are expected to<br />
move into roles with greater responsibility<br />
and scope.<br />
3Assess Readiness<br />
Think about when the individual might<br />
be ready to make that move to the next<br />
level. In 12 months? 24 months? The length of<br />
time will influence the development plan, so<br />
think about the ideal timeframe.<br />
4Assess Flight Risks<br />
Is this individual likely to get poached?<br />
Are there signs that they might be<br />
looking elsewhere? This information should<br />
be known, so that you can take steps to keep<br />
your top talent, let them know you have big<br />
plans for them, and engage them in their own<br />
development to mitigate against flight risk.<br />
5Identify Critical Roles<br />
Which roles in your organisation are<br />
critical to your success? Which roles,<br />
where if the current postholder left, would<br />
make you vulnerable? Which roles is it almost<br />
impossible to fill from outside without<br />
waiting months for the new start to get up to<br />
speed and perform?<br />
Which roles do you not have time to wait,<br />
where you need performance from day one?<br />
6Identify Successors<br />
For those Critical Roles, you need to<br />
identify one, two or even three people<br />
to be on the bench. If it would take an internal<br />
candidate 1224 months to be ready, what do<br />
you need to be doing now to begin that<br />
process?<br />
The answer will be different for each of<br />
your potential successors, depending on their<br />
individual starting points, but that’s where<br />
the targeted development plans come in.<br />
7Targeted Development Plans<br />
Once you know where people are now,<br />
what their potential is, which roles<br />
need succession plans in place, and who could<br />
potentially fill those roles, you can then<br />
design bespoke development plans.<br />
Those plans may include leadership<br />
development, training, secondment,<br />
mentoring, travel, extending networks,<br />
temporary assignments or strategic projects.<br />
Whatever is required to give the individual<br />
the skills, competency and confidence to step<br />
into that future role.<br />
And don’t overlook those individuals that<br />
aren’t going up to the next rung on the ladder.<br />
They also need development, but they might<br />
be spending more time doing the mentoring<br />
than being mentored!<br />
A thorough talent review takes time, but it<br />
is an investment in your organisations’ future.<br />
And isn’t that what leadership is all about;<br />
futureproofing.
FIRST TRUST BANK<br />
Speed is of the essence in<br />
business loan approvals<br />
hat if you’ve found the perfect<br />
business opportunity and you need<br />
Wto move fast – to secure a new<br />
customer or take forward an expansion plan,<br />
but you don’t have the finances in place?<br />
Whether it’s in fashion, hospitality, IT or<br />
manufacturing speed increasingly provides<br />
the competitive edge needed to succeed in<br />
modern business. It’s a fact of life today that<br />
we are all programmed to demand and expect<br />
things more quickly and the business world is<br />
no different.<br />
On the other side of the coin, the banking<br />
sector would not traditionally enjoy a<br />
reputation for swift decision making when it<br />
comes to approving finance. But even that is<br />
changing.<br />
Experiencing a significant increase in<br />
demand for business credit and a growing<br />
appetite among the business community for<br />
expansion, <strong>First</strong> Trust Bank recently<br />
announced a market first in Northern Ireland.<br />
Targeting both new and existing customer<br />
they have given a commitment to make<br />
decisions on new business loans and overdraft<br />
requests up to £25,000 within 48 hours.<br />
According to the Bank they are often in a<br />
position to beat that commitment following<br />
receipt of all required information to<br />
progress funding applications.<br />
Speaking about the move Brian Gillan, Head<br />
of <strong>Business</strong> Banking, <strong>First</strong> Trust Bank said;<br />
“With over 118,000 SME businesses active in<br />
Northern Ireland, the ability to support their<br />
ambitions is vital to growing our economy as<br />
a whole and our latest 48hour commitment<br />
is designed to do just that.<br />
“In truth we often are able to beat that<br />
deadline if our customers can deliver all the<br />
required information for the applications.<br />
We have a very broad client base across a<br />
Blend and Batch based in Banbridge, County Down owned by<br />
husband and wife team Peter and Marion Fairbairn<br />
range of business sectors<br />
and we see firsthand just<br />
how critical a quick<br />
funding decision can be.<br />
“It can sometimes be the<br />
difference between being<br />
first to market with<br />
something or securing<br />
new customers. It is also<br />
vital to take account of<br />
seasonal fluctuations, be<br />
they good or bad.<br />
“We have been very<br />
pleased with the response<br />
to the commitment<br />
already which goes to<br />
prove that speed can be<br />
everything in today’s fast<br />
paced world.”<br />
Blend and Batch Coffee Shop<br />
Two companies who have benefited from<br />
the quick decision making are fashion retailer<br />
Spoilt Belle Boutique and contemporary<br />
coffee shop, Blend and Batch based in<br />
Banbridge, County Down which is owned by<br />
husband and wife team Peter and Marion<br />
Fairbairn.<br />
When the selfconfessed coffee lovers, saw<br />
a clear gap in the market for a coffee shop<br />
which would not only serve top quality coffee,<br />
batch baked produce and made to order food,<br />
but would also become a popular meeting<br />
point for the local community, they needed to<br />
move swiftly.<br />
Emphasising the value of the quick decision<br />
making from his Bank, Peter said; “We<br />
spotted the opportunity to open a coffee<br />
shop/ kitchen in Banbridge which had a<br />
prominent location on the edge of the town<br />
centre. We needed a Bank which not only<br />
bought into our overall vision for the place,<br />
but which also understood<br />
the need for speed in their<br />
response.<br />
“With <strong>First</strong> Trust Bank’s<br />
help we were able to move<br />
quickly to establish Blend<br />
and Batch as a<br />
contemporary and<br />
welcoming coffee shop in<br />
the town – and create a<br />
shared space for the local<br />
community.<br />
“Today we also deliver<br />
an appetising food range<br />
based on local sourcing<br />
and seasonal produce, to<br />
go with our top quality<br />
Spoilt Belle Boutique owned by Rachel Shivers<br />
coffee which is roasted by<br />
38 Espresso on the Ards<br />
Peninsula. We believe in the value and<br />
strength of ‘local’ and it is comforting to have<br />
a local Bank that shares our passion.”<br />
Spoilt Belle Boutique<br />
Spoilt Belle Boutique is a clothing outlet<br />
aimed at fashion forward women. With a<br />
keen eye for the latest fashions and the need<br />
to stay on trend the owner Rachel Shivers<br />
wanted to expand from her well established<br />
shop in Magherafelt and continue the growth<br />
of its online presence. She needed money<br />
quickly to support the opening of its second<br />
store in Coleraine, an expansion which also<br />
created seven new jobs in the process.<br />
Rachel explains how the quick turnaround<br />
was vital to her expansion plans;<br />
“Given the fastpaced nature of fashion<br />
retail, it’s essential that businesses like mine<br />
have access to a flexible cash flow or we risk<br />
losing out on opportunities.<br />
“We were given our decision by <strong>First</strong> Trust<br />
Bank well within the 48 hours which helped<br />
accelerate our growth plans so I’m thrilled to<br />
have opened our new store in Coleraine and<br />
create jobs in the local area. While having an<br />
increased physical presence in Northern<br />
Ireland is important, much of our growing<br />
customer base is also owed to our online<br />
presence across social media platforms; in<br />
particular Snapchat and Instagram.<br />
“Having the support of a Bank who took the<br />
time to understand the quick nature of retail<br />
and the evolving needs of fashion conscious<br />
consumers helped fast forward our expansion<br />
plans.”<br />
Further details about the 48hour decision<br />
commitment can be found at<br />
www.firsttrustbank.co.uk<br />
<strong>First</strong> Trust Bank is a trade mark of AIB<br />
Group (UK) p.l.c. (a wholly owned subsidiary of<br />
Allied Irish Banks, p.l.c.)<br />
www.businessfirstonline.co.uk<br />
23
BEST PRACTICE<br />
Building Family Governance<br />
by Maybeth Shaw, BDO Northern Ireland<br />
R<br />
ecently, we have witnessed the formal<br />
announcement of the Government’s<br />
intention to trigger the UK’s exit from<br />
the EU by March 2017.<br />
The announcement was met with mixed<br />
economic reaction with the weakening of the<br />
pound, but the stock market strengthening<br />
from the increased certainty, at least in terms<br />
of the formal timetable, for Brexit.<br />
It is evident that strong government, and<br />
indeed strong governance, will be required to<br />
steer the country through the turbulent<br />
economic and political tides of Article 50 of<br />
the Lisbon Treaty.<br />
The need for clear strategic direction, as<br />
well as the internal processes that support<br />
this, will be important not only in terms of the<br />
Government and its strategy for the country,<br />
but also, for businesses up and down the<br />
country, which will need strong leadership<br />
and governance to mitigate any fallout from<br />
Brexit.<br />
In working with family owned businesses,<br />
we have come to realise that they have to<br />
learn to successfully manage two facets of<br />
governance:<br />
(a) Corporate governance, covering the<br />
direction of business operations; and<br />
(b) Family governance, providing a<br />
framework of rules that define family<br />
members’ roles and responsibilities, and<br />
how the family interacts with the business.<br />
This duality is complicated because in most<br />
family businesses, individuals will often have<br />
several roles. It is often not possible – or<br />
indeed desirable – to eliminate all personal<br />
interests or conflicts of interest, but family<br />
governance systems make it easier to identify<br />
and address these with reasonable<br />
objectivity.<br />
Our experience in working with family<br />
businesses has shown that family governance<br />
needs to evolve to take account of<br />
developments, within both the business and<br />
the family circle.<br />
Family firms become more complex over<br />
time as the business expands, the family<br />
grows and ownership dilutes.<br />
What used to work for an entrepreneur and<br />
their nuclear family – i.e. informal governance<br />
based on understandings and assumptions –<br />
is less likely to serve the interests of a group<br />
of secondgeneration siblings (and their<br />
spouses).<br />
As a result, it makes sense to organise<br />
governance early, while the family enterprise<br />
is young and the family group relatively small<br />
– and at a time when family relations are<br />
peaceful, while big issues like succession<br />
remain a distant prospect.<br />
The aim is to generally change from a<br />
system of informality to an environment<br />
where there are rules, procedures and<br />
structures in place.<br />
At BDO, we have also come to appreciate<br />
that a strong sense of shared purpose among<br />
owners and the wider family is a source of<br />
competitive advantage for family businesses.<br />
Each family needs to work through how<br />
this sense of belonging and teamwork will be<br />
reflected in their family governance system.<br />
However, it is clear that there is no “one size<br />
fits all” and no two families or businesses are<br />
completely alike.<br />
Family governance systems work best<br />
when they are tailormade – shaped by the<br />
age, size and culture of the business, the<br />
family’s degree of involvement, and the<br />
personal dynamics amongst family members.<br />
A formal framework and written rules of<br />
governance make it less likely that<br />
personality issues will divide the family and<br />
interfere in the business.<br />
Through the mechanisms of family<br />
governance, families aim to build trust,<br />
ensure clarity and manage stakeholder<br />
expectations.<br />
We have found a number of family<br />
governance documents and structures that<br />
can go some way towards supporting this<br />
goal. These can include:<br />
A family constitution documenting<br />
• the family’s vision and objectives for the<br />
business;<br />
• key policies – for example, those relating<br />
to family members’ employment,<br />
management succession, and the<br />
ownership and transfer of shares;<br />
• a code of conduct governing how family<br />
members should treat each other; and<br />
• the role of family governance bodies and<br />
their relationship with corporate entities<br />
like the board of directors.<br />
A shareholders’ agreement<br />
Often codifying certain provisions of the<br />
family constitution, such as listing the types<br />
of decisions that owners are entitled to make<br />
(as opposed to the board), rules on share<br />
transfers and how shares are to be valued.<br />
Family governance bodies<br />
Including a family assembly, open to all<br />
family members, and a family council, formed<br />
of chosen representatives of the family. The<br />
council will typically set policies to balance<br />
family and business, and will act as the<br />
conduit between shareholders and the board<br />
of directors. These bodies provide family<br />
QUOTABLEQUOTE<br />
Family governance systems work<br />
best when they are tailor-made –<br />
shaped by the age, size and<br />
culture of the business, the<br />
family’s degree of involvement,<br />
and the personal dynamics<br />
amongst family members.<br />
members with a forum for discussion and<br />
help them develop a coordinated family<br />
approach.<br />
Family council committees<br />
Working to foster family education,<br />
information, communications and social<br />
cohesion.<br />
A family office<br />
Providing centralised wealth management<br />
services to the family, acting as an<br />
investment, liquidity management and<br />
administrative centre.<br />
We have seen the benefits of these formal<br />
structures in practice with several of our<br />
family owned business clients.<br />
It is clear that they can prove invaluable in<br />
keeping the needs of the family and the<br />
business separate while also helping foster<br />
internal processes that aid in the future<br />
running of the company.<br />
It will be important that businesses review<br />
their internal governance procedures and<br />
ensure that these are robust enough to cover<br />
both the strategic direction of the business,<br />
particularly in the current uncertain<br />
economic climate, and the expectations and<br />
ever changing needs of the family circle.<br />
24 www.businessfirstonline.co.uk
BUSINESS FIRST MEETS<br />
BELFAST HAS WHAT IT TAKES TO BE A<br />
BIG-HITTER ON THE INTERNATIONAL<br />
CONFERENCE STAGE<br />
With the addition of 7,000m 2 of conference space at Belfast Waterfront, the plethora of award-winning restaurants, the<br />
coming on-stream of world-class hotels and expanding air connectivity, are we ready to take on Paris, Barcelona and<br />
Berlin in the conference market? Belfast Waterfont and Ulster Hall Limited’s recently-appointed managing director<br />
Catherine Toolan thinks we are. Here she tells Gavin Walker why she’s prepared to bet £100 million on it.<br />
26 www.businessfirstonline.co.uk
I<br />
n our house planning a dinner party for<br />
eight seems to be a major exercise in<br />
logistics. So the idea of providing full<br />
conference facilities and three meals a day for<br />
5000 (the maximum the newly expanded<br />
Belfast Waterfront can facilitate) seems quite<br />
daunting.<br />
But after spending eight years in China with<br />
international facilities management company<br />
Aramark during which time she was<br />
responsible for their delivery of the Beijing<br />
Olympics the biggest peacetime feeding<br />
event those 5000 seem quite manageable.<br />
So it’s all a matter of perspective and an<br />
understanding that whether you’re handling<br />
a meeting of 10 or a major international<br />
conference of 1000, the principles of success<br />
are the same: communicate your<br />
requirements to your staff: ensure you have<br />
the right people in the right place, and set the<br />
level of service bar very high.<br />
With that philosophy in place and the<br />
experience to make it happen, Catherine<br />
Toolan is confident that the new Belfast<br />
Waterfront is about to make a major impact<br />
on both Belfast and across the Province.<br />
“Belfast City Council has been visionary in<br />
its commitment to the expansion of the<br />
Waterfront,” Catherine began, “and I believe<br />
the five year, £100 million economic impact<br />
target is challenging, but achievable. And<br />
when we achieve that, the value of the<br />
investment for both Belfast and the rest of<br />
Northern Ireland will be quite<br />
transformational.<br />
“At the moment each international<br />
conference delegate spends around £400<br />
daily. So one conference of 1000 delegates for<br />
three days creates around £1.2 million of a<br />
spend on hotels, food and entertainment.<br />
“Multiply that by many, many conferences,<br />
and you start to get a sense of how much of<br />
an impact this new market which the<br />
expanded Waterfront has made possible for<br />
Belfast will affect our economy.<br />
“Now add on a two or three day extended<br />
stay in Fermanagh or the North West,<br />
perhaps, and you begin to see how additional<br />
spending can be generated across Northern<br />
Ireland.<br />
“We already have a brilliant product in<br />
place, but with the addition of new hotels and<br />
airroutes, that can only get better.”<br />
Of course, it helps to have a stateofthe art<br />
facility to sell, and Belfast Waterfront is<br />
certainly that.<br />
“Combined with the original facilities, the<br />
new space provides us with the scalability we<br />
need to work with international conferences<br />
of up to 5000 from across the world,”<br />
Catherine explained.<br />
“A lot of time was spent ensuring that the<br />
new space allowed for an easy flow of people<br />
throughout the building, and behind the<br />
beautiful space is stateoftheart technology<br />
QUOTABLEQUOTE<br />
Belfast City Council has been<br />
visionary in its commitment to the<br />
expansion of the Waterfront and I<br />
believe the five year, £100 million<br />
economic impact target is<br />
challenging for Belfast Waterfront,<br />
but achievable. And when we<br />
achieve that, the value of the<br />
investment for both Belfast and<br />
the rest of Northern Ireland will<br />
be quite transformational.<br />
that can meet and very often beat, any<br />
competitor.<br />
“For example, we recently tested the wifi<br />
system and had no difficulty hosting 2000<br />
devices online at the same time! That’s<br />
impressive and it’s only one of so many<br />
technological features of the building that<br />
simply wow visiting conference planners.”<br />
Selling Belfast<br />
Catherine believes Belfast is now well<br />
positioned to takeon some of Europe’s<br />
leading conference destinations.<br />
“Starting with the Lonely Planet Guide,<br />
Belfast has been feted as ‘one to visit’ by<br />
many commentators and publications. Add to<br />
that research that shows the city to be one of<br />
the safest in Europe, an international<br />
following for the Titanic and Game of<br />
Thrones, ease of access, affordability as<br />
compared to other European destinations,<br />
and English as the first language, and you<br />
have the makings of a very attractive package.<br />
“More importantly, we have a culture of<br />
collaboration in Belfast with Visit Belfast and<br />
TourismNI working closely with us to create<br />
a business tourism strategy that brings<br />
immediate access to all the best aspects of the<br />
destination right to the conference planner’s<br />
finger tips. That’s important and it helps us<br />
stand out from the competition.<br />
“And other seemingly small things like<br />
potentially having the Lord Mayor of Belfast<br />
open or address your conference, means a lot<br />
to a conference planner. That’s not the kind of<br />
access they will get in too many other<br />
destinations!”<br />
Working with Belfast<br />
The arrival of a facility the size of Belfast<br />
Waterfront creates a demand for new skills<br />
and job opportunities and Catherine hopes to<br />
see these maximised.<br />
“This larger business tourism market<br />
creates a demand for people with specific<br />
skills and we want to work with the colleges<br />
to help them deliver the training to fill the<br />
demand. We’ll need more people with good<br />
language skills and training and experience in<br />
event planning, production and facilities<br />
management, for example, as well as staff to<br />
fill the new positions that will be created<br />
from the new hotels, restaurants and other<br />
services this market demands.<br />
“I believe the success of Belfast Waterfront<br />
will help create many thousands of job<br />
opportunities across Northern Ireland, and I<br />
look forward to being a part of this new<br />
exciting phase in Northern Ireland’s<br />
economic development.”<br />
www.businessfirstonline.co.uk<br />
27
BEST PRACTICE<br />
The tricky business of litigation<br />
funding in Northern Ireland<br />
Matthew Howse, Litigation and Dispute Resolution Partner at leading law firm Arthur Cox, explains the nuances of<br />
litigation funding in Northern Ireland.<br />
or professionals such as company<br />
financial directors, who deal largely in<br />
Fthe ‘black and white’ of numbers, the<br />
risk and uncertainty associated with pursuing<br />
a legal claim can often be difficult to justify<br />
when evaluating the costs of running a case to<br />
conclusion.<br />
The availability of third party funding to<br />
help meet litigation costs can often be<br />
something that is welcomed by those charged<br />
with keeping a steady hand on the tiller of a<br />
company’s finances.<br />
That is certainly the case in England and<br />
Wales, where the growth in the use of<br />
‘litigation funding’ products has been fuelled<br />
by changes to the legal position, and by large<br />
corporates and their representatives making<br />
active use of these changes.<br />
Risk<br />
Traditionally, a party to litigation funds its<br />
own legal costs, either on an interim basis as<br />
the case progresses or at the end of the case.<br />
A party who has a lawful interest or some<br />
other close connection to the litigation –<br />
shareholders or creditors, for example – can<br />
legitimately fund a party’s case, although they<br />
should be aware that they risk being made<br />
liable for the costs of the litigation if the case<br />
is unsuccessful.<br />
So what are some of the alternatives to the<br />
traditional funding model available in<br />
Northern Ireland?<br />
Professional third party litigation funding is<br />
where a commercial organisation,<br />
unconnected to the litigation in question,<br />
funds the litigation with a view to making a<br />
profit.<br />
Integrity<br />
Traditionally, such funding fell foul of the<br />
ancient rules relating to ‘champerty’ and<br />
‘maintenance’, designed to uphold the<br />
integrity of the litigation system – namely to<br />
prevent trafficking in litigation for profit, and<br />
to prevent people with an improper motive<br />
influencing litigation.<br />
In England and Wales, those rules have<br />
been substantially relaxed over time. And in<br />
the Republic of Ireland, a case has been<br />
appealed to the Supreme Court (likely<br />
hearing early 2017) which will address the<br />
question of whether the existing prohibition<br />
on third party litigation funding in the<br />
Republic should be lifted.<br />
In Northern Ireland, reported cases are<br />
scant, largely because the statutory<br />
28 www.businessfirstonline.co.uk<br />
framework is not on all fours with that in<br />
England and Wales.<br />
Whilst in England and Wales there is an<br />
Association of Litigation Funders, established<br />
in 2011 to regulate the conduct of its<br />
members, there is no such body in Northern<br />
Ireland.<br />
Reforms<br />
This is because there is simply not an<br />
established market in Northern Ireland, for<br />
the legal and technical reasons mentioned<br />
above, as well as other factors including<br />
cultural reasons (“if I can’t afford to bring a<br />
case, I won’t bring it”); the legal aid system in<br />
Northern Ireland (although subject to intense<br />
review and reform, legal aid still remains<br />
more widely available than in England and<br />
Wales); and for other, less tangible reasons.<br />
The “no win, no fee” system (conditional fee<br />
agreements), which TV adverts are fond of<br />
promoting, is legal in England and Wales<br />
(although greatly scaled back of late), but is<br />
not currently legal in Northern Ireland.<br />
The recent ‘Access to Justice Review Part 2’<br />
report has, however, shown support for<br />
introducing this practice in certain cases in<br />
Northern Ireland and time will tell how far<br />
these reforms go.<br />
Finally, after the event insurance (ATE), a<br />
type of insurance enabling plaintiffs to insure<br />
against the risk of having to pay a defendant’s<br />
legal costs, and cover their own<br />
disbursements such as barrister’s fees, is not<br />
only legal in Northern Ireland, but also<br />
increasingly common and there are providers<br />
offering these products. Existing insurance<br />
policies should be checked for the existence<br />
of preexisting insurance cover for legal<br />
claims.<br />
It remains to be seen whether support for<br />
alternative methods of funding litigation in<br />
Northern Ireland will grow.<br />
What is clear is that there are changes on<br />
the horizon – at Arthur Cox we will give you<br />
all the guidance you need on this sometimes<br />
complex area.<br />
MOREINFORMATION<br />
The Litigation and Dispute<br />
Resolution team at Arthur Cox is<br />
well positioned to advise on the<br />
emerging trends in the civil<br />
justice system in Northern<br />
Ireland. Please call 028 9023<br />
0007 for further information from<br />
Matthew or your regular Arthur<br />
Cox contact.
Mastering the tools of marketing<br />
in a digital age<br />
Valerie Ludlow has recently joined the<br />
Board of ASG Ireland as Deputy CEO. This<br />
is after only six years with the company,<br />
most recently heading up the agency’s<br />
advertising and digital marketing client<br />
service, as Director of Strategy. Here she<br />
talks to Gavin Walker about the economic<br />
landscape, ecommerce, and why the<br />
company decided to work with external<br />
partners.<br />
e’re all working in a slightly fuzzy<br />
economic environment at the<br />
Wmoment. One in which uncertainty is<br />
the name of the game and there’s no sign of a<br />
clear way forward for 18 to 24 months.<br />
So it was a pleasure to find that, as far as<br />
ASG & Partners recently appointed<br />
director, Valerie Ludlow, is concerned,<br />
there are still a lot of good news stories<br />
filtering through to her office.<br />
“After some lean years, we were<br />
beginning to see confidence returning in<br />
late 2015 early 2016,” Valerie explained.<br />
“And although we had some fears of the<br />
fallout from the result of the referendum<br />
in June, so far they have been unfounded.”<br />
Valerie reports more calls for pitches<br />
where the agency is called in to bid for new<br />
business. Add to that good news from her<br />
retail customers particularly retail parks<br />
in the border area who are reporting more<br />
Republic of Ireland registered cars in their<br />
car parks and there is a positive picture<br />
coming from many corners of our<br />
economy.<br />
And of course the new economic realities<br />
of a weak pound opens up new markets for<br />
exporters.<br />
“We are working closely with Linwoods<br />
and a lovely company in Magherafelt called<br />
Bloc Blinds to raise their profiles in<br />
international markets. And the beauty of<br />
ecommerce means that small companies<br />
like Bloc can venture into exporting at<br />
minimal risk and without having to send<br />
personnel across the globe seeking out<br />
new customers.”<br />
The realities of digital<br />
For Valerie and ASG, digital marketing<br />
can be an important tool for some of their<br />
clients, but it is only a part of the<br />
marketing toolbox and not the be all and<br />
end all it was heralded as less than a<br />
decade ago.<br />
“When I joined ASG we had a serious<br />
conversation about whether or not to<br />
create our own inhouse digital team.<br />
“There were good arguments for and<br />
against, but in the end we decided that<br />
digital specialists are just that: specialists.<br />
Whereas if we were to have our own team<br />
they would be required to be generalists<br />
and that would probably not satisfy either<br />
them or our clients.”<br />
So instead ASG actively sought out digital<br />
specialist companies that reflected their<br />
ethos of putting the client at the centre of<br />
everything they do, and create a<br />
partnership.<br />
“ASG Ireland became ASG & Partners<br />
when we teamed up with Loudmouth and<br />
Origin Digital both specialists at what<br />
they do. So now we can work with our<br />
clients knowing that we are able to provide<br />
a full suite of marketing that best suits<br />
their needs.”<br />
And Valerie knows of what she speaks as<br />
her experience in digital marketing has<br />
meant a number of digital firsts for<br />
Northern Ireland. She’s been responsible<br />
for more effectively integrating social<br />
media strategies and technologies –<br />
including app development – into client<br />
marketing campaigns.<br />
Gazing into the crystal ball<br />
It’s nigh on impossible to get anybody in<br />
business to make predictions about what<br />
the next 12 to 18 months might bring and<br />
Valerie is no different.<br />
“Regardless of how things are stacking<br />
up at the moment, we know there is<br />
uncertainty in the marketplace and none of<br />
us can be sure of what the next year will<br />
bring,” Valerie said. “But one thing I do<br />
know is that clients are asking agencies to<br />
be more of a partner in their business.<br />
“Not simply coming in and making a<br />
pitch for business, but taking time to<br />
understand what their problems and<br />
aspirations are and helping them develop<br />
strategies to address them.<br />
“I think that will be a growing factor<br />
within our industry. After the challenges of<br />
2008/09 when many businesses simply<br />
turned off their marketing taps, they have<br />
learned that that is not a good strategy.<br />
“Rather they need to ensure that they<br />
have a robust integrated communications<br />
plan in place and that’s where we and our<br />
partners come in.<br />
“Working with hopedfor aspirations and<br />
realtime budgets, we can help clients<br />
maximise their impact within the<br />
marketplace using the right marketing<br />
tools for the job.”<br />
www.businessfirstonline.co.uk<br />
29
THOUGHT LEADERSHIP<br />
It’s time to make Northern<br />
Ireland the entrepreneurial<br />
capital of Europe<br />
Women’s Entrepreneurship Day is <strong>November</strong> 19th so how are Northern Ireland’s women<br />
doing on the global statistics asks Tina McKenzie, Managing Director of Staffline Ireland<br />
T<br />
his year I have the privilege of being the<br />
European Ambassador for Women’s<br />
Entrepreneurship Day. The event is<br />
celebrated on the 19th <strong>November</strong> across 144<br />
countries globally; empowering women to<br />
foster their entrepreneurial spirit and help<br />
their local communities thrive.<br />
The mission of Women’s Entrepreneurship<br />
Day is to alleviate poverty around the world.<br />
An ambitious goal, I admit.<br />
However the real power of encouraging<br />
entrepreneurship is the trickledown effect on<br />
local communities.<br />
In the context of Northern Ireland, I believe<br />
we have the potential to become the<br />
entrepreneurial capital of Europe.<br />
We’ve had some wonderful entrepreneurs<br />
in Northern Ireland. Sir James Martin, who<br />
revolutionized the idea of the ejector seat<br />
throughout the 1930s. John Stewart Bell, the<br />
man from Tates Avenue who proved Einstein<br />
wrong. Professor Frank Pantridge, who<br />
developed the life saving defibrillator in the<br />
1960s; to name just a few.<br />
But entrepreneurship isn’t just about<br />
invention. Brett Nelson, Executive Editor for<br />
Forbes Magazine has said entrepreneurs are<br />
‘in the purest sense, those who identify a<br />
need any need and fill it.<br />
It’s a primordial urge, independent of<br />
product, service, industry or market.”<br />
So if you lead a business, you are an<br />
entrepreneur. If you started a charity, you are<br />
an entrepreneur. If you have the relentless<br />
spirit to do something new and innovative to<br />
solve problems, you are an entrepreneur.<br />
When entrepreneurs are successful,<br />
communities and economies thrive. Increased<br />
entrepreneurship also helps to provide<br />
political stability, which is crucial in a postconflict<br />
society such as ours.<br />
The Council on Foreign Relations has found<br />
that a 10% increase in labourrelated<br />
spending is directly associated with a 10 per<br />
cent decrease in violence, largely by<br />
addressing the underlying causes of conflict.<br />
The economic benefits are clear. For<br />
women in particular, we know that one in five<br />
who start a business or move into selfemployment<br />
were previously unemployed,<br />
increasing economic activity and production;<br />
key challenges for the Northern Ireland<br />
economy.<br />
The Northern Ireland Composite Economic<br />
Index reported a fall of 2.2 per cent in the<br />
Public sector index, with 1.6 per cent growth<br />
reported in the private sector over the same<br />
period from Quarter 1 2015 to Quarter 1<br />
2016.<br />
The Civil Service voluntary exit scheme and<br />
restructuring of the Government<br />
Departments has went some way in<br />
rebalancing our economy, in mind if not yet in<br />
numbers; but there is still a long way to go.<br />
Shifting reliance from the traditional public<br />
sector jobs by encouraging entrepreneurship<br />
is the only way in which we can grow our<br />
private sector and create jobs.<br />
According to the Enterprise Research<br />
Centre, more small firms in Northern Ireland<br />
hit the “magic milestone” of £1m in revenue<br />
within their first three years in business than<br />
anywhere else in the UK around 10 per cent<br />
compared with six per cent in England.<br />
2015 saw over 13,000 new start ups in<br />
Belfast, up 32 per cent on the previous year.<br />
In March 2015 there were 68085 businesses<br />
operating in Northern Ireland registered for<br />
VAT and/or PAYE, the first increase since<br />
2008 (albeit just by 0.6 per cent).<br />
Northern Ireland is a great place to start a<br />
business, but we need to support our<br />
entrepreneurs to get business ideas off the<br />
ground, to make them sustainable, and foster<br />
them into the global brands of the future.<br />
So how can we encourage our<br />
budding entrepreneurs?<br />
Studies have shown that people who have<br />
undergone some sort of enterprise training<br />
are twice as likely to be engaged in<br />
entrepreneurial activity.<br />
Organisations such as Invest NI are<br />
important for providing support for new<br />
businesses, but more needs to be done to<br />
target entrepreneurial potential.<br />
Funding streams from government,<br />
councils and local Chambers of Commerce<br />
should be better advertised, and have an<br />
efficient application process.<br />
Entrepreneurs should remember that<br />
corporate sponsorship shouldn’t be<br />
overlooked as a great way to get a new<br />
business off the ground.<br />
With Brexit now looming, there is concern<br />
that foreign investors will move jobs to the<br />
Republic of Ireland.<br />
However FDI is not a reliable foundation on<br />
which to build our economy. Putting a<br />
renewed focus on entrepreneurship will<br />
minimise our dependency on foreign direct<br />
investors, reducing uncertainty because local<br />
business owners tend to be loyal to their<br />
home nation; riding out the economic dips<br />
and turns out of love for their country.<br />
Our market is small in Northern Ireland, so<br />
we have to work to our local strengths but<br />
think global. We must support and develop<br />
our local entrepreneurs and build stronger<br />
links with our European neighbours,<br />
regardless of Brexit.<br />
We have everything it takes to be the most<br />
entrepreneurial region in Europe. As the<br />
European Ambassador for Women’s<br />
Entrepreneurship, I will be working hard to<br />
encourage entrepreneurial values and<br />
pushing Northern Ireland to the forefront of<br />
the world business stage.<br />
30 www.businessfirstonline.co.uk
BEST PRACTICE<br />
Automatic<br />
Enrolment<br />
YOU CAN’T<br />
IGNORE IT!<br />
All Northern Ireland employers have legal duties relating to workplace pensions. Charles Counsell explains how The Pensions Regulator<br />
is helping more than a million small employers meet their duties.<br />
T<br />
he first workers were automatically put<br />
into a pension scheme by their<br />
employers four years ago.<br />
Since then, we’ve continually reviewed and<br />
updated the information we provide to make<br />
the process as smooth as possible for<br />
employers who may have little or no<br />
knowledge of pensions.<br />
In excess of a quarter of a million<br />
employers have already completed their<br />
workplace pensions duties. This includes<br />
completing a declaration of compliance so we<br />
at TPR know what they have done to comply<br />
with the law.<br />
In Northern Ireland over the next two years<br />
more than 24,000 employers will need to take<br />
action to comply with the law.<br />
If you're not sure whether you have to put<br />
any of your staff into a pension scheme a key<br />
first step is to use the Duties Checker on our<br />
website. This tool will help you to understand<br />
exactly what you need to do and when.<br />
It will take you around five minutes to work<br />
through the Duties Checker and to get<br />
tailored guidance that is right for you.<br />
I know that choosing a pension scheme for<br />
your staff can seem intimidating but we have<br />
guidance to help you make the right choice<br />
for you and for them them, including a list of<br />
schemes who have said they are available to<br />
all employers.<br />
Automation and communication<br />
Many payroll providers already provide a<br />
module or an addon for automatic enrolment<br />
that will help you to work out who to put into<br />
a pension scheme, which earnings to assess,<br />
and how much you and each member of staff<br />
needs to pay into the scheme.<br />
Payroll software can help with your ongoing<br />
duties such as monitoring age/earnings of<br />
existing staff, and enrolling/writing to them as<br />
needed, as well as assessing new starters and<br />
processing leavers.<br />
Our communications approach which<br />
includes letters and emails, work with trade<br />
associations and business networks, as well<br />
as a national advertising campaign in<br />
partnership with DWP is proving successful.<br />
Compliance rates are consistently at the<br />
higher end of our expectations. We do not want<br />
to fine employers and we know that most<br />
want to comply with the law – but we do have<br />
enforcement powers and are using them.<br />
This month in addition to contacting small<br />
employers to tell them when they start their<br />
AE duties, we are contacting more than 5,000<br />
medium employers with their first letter to<br />
tell them about their reenrolment duties.<br />
Re enrolment happens every three years.<br />
Medium employers who want to quickly<br />
understand what reenrolment entails can<br />
find step by step guidance on our website.<br />
Plan ahead<br />
<strong>November</strong> and December can be<br />
exceptionally busy months for some<br />
businesses, especially those involved in retail<br />
and hospitality. The festive period can mean<br />
admin tasks are put on hold.<br />
I’d urge businesses to plan ahead of the<br />
holiday season and make sure not to miss a<br />
deadline to complete automatic enrolment<br />
duties and to submit your declaration of<br />
compliance to us in good time. No one wants<br />
to start the New Year with a £400 fine<br />
because you forgot to complete your<br />
declaration.<br />
We want to ensure business people across<br />
Northern Ireland have the information you<br />
need to help you comply and to give staff the<br />
pensions they are entitled to.<br />
If you haven’t done so already, make sure<br />
you understand how the law affects you. We<br />
can help, so visit our website.<br />
Charles Counsell is Executive Director of<br />
automatic enrolment at The Pensions<br />
Regulator<br />
32 www.businessfirstonline.co.uk
BELFAST CITY AIRPORT<br />
Successful year for<br />
Belfast City Airport<br />
Katy Best, Commercial and Marketing Director at George Best Belfast City Airport, reflects on what has been a very successful year so<br />
far at the airport.<br />
networks, and will be a fantastic opportunity to<br />
showcase the region to more than 100 airlines.<br />
F<br />
ollowing an extremely strong summer<br />
across both domestic and European<br />
routes, we are looking forward to a<br />
similarly busy winter period at Belfast City<br />
Airport.<br />
In 2015, Belfast City Airport reported a<br />
more than five per cent increase in annual<br />
passenger figures, with almost 2.7 million<br />
people using our airport for both business<br />
and leisure purposes. A further increase in<br />
passenger figures is expected for 2016.<br />
Operating profit, before exceptional<br />
expense, at Belfast City Airport grew by 40<br />
per cent in 2015 to £3,331,000 from<br />
£2,386,000 according to accounts filed at<br />
Companies House. Turnover at the airport<br />
also increased five per cent in 2015 to<br />
£20,799,000 up from £19,801,000 in 2014.<br />
There was one exceptional expense which<br />
was due to professional fees of £412,000<br />
relating to the Public Inquiry into the<br />
airport’s seats for sale restriction, the<br />
outworkings of which are still ongoing.<br />
The commencement of the KLM daily<br />
service to Amsterdam and Flybe’s new<br />
services to London City and Liverpool<br />
34 www.businessfirstonline.co.uk<br />
witnessed passenger numbers steadily<br />
increase across our route network in 2015.<br />
Looking Ahead<br />
Once again we expect 2016 to be a strong<br />
year with passenger numbers set to rise once<br />
again with the arrival of Brussels Airlines, the<br />
uplift in the Aer Lingus summer routes to<br />
Palma, Faro and Malaga and new Alicante<br />
service, plus our nine times daily service to<br />
Heathrow with British Airways and Aer<br />
Lingus.<br />
Belfast’s appeal as both a tourist and<br />
business destination has grown considerably<br />
over the last number of years, with the region<br />
hosting worldclass events and attracting<br />
investment from international corporations<br />
which have set up bases in the city.<br />
The reenergised interest in the region<br />
attracted the attention of the Routes Europe<br />
organisers who selected Belfast as the host<br />
city for the April 2017 conference.<br />
The event, which will see 1200 delegates<br />
descend upon Belfast for at least three days, is<br />
the largest European forum for aviation<br />
professionals to decide on future air route<br />
International Passenger Record<br />
Smashed<br />
Quarter 3 of this year saw the airport smash<br />
our annual international passenger record.<br />
By the end of August we had transported<br />
200,977 passengers on our direct European<br />
routes, compared to 171,270 in 2015.<br />
There has been fantastic feedback on our<br />
new routes to Amsterdam and the Belgian<br />
capital with airline partners KLM and<br />
Brussels Airlines, and this has been reflected<br />
in their strong seat sales.<br />
KLM Royal Dutch Airlines, which began its<br />
Amsterdam Schiphol service from Belfast City<br />
Airport in May 2015, has reported an<br />
increase in monthly booking figures of 7.3 per<br />
cent and 4.4 per cent in July and August<br />
respectively from the previous year.<br />
Meanwhile, almost 48,000 passengers have<br />
taken advantage of the sunshine routes<br />
operated by Aer Lingus which operate for the<br />
summer months.<br />
These positive passenger figures across the<br />
board reflect our plans to further grow our<br />
European route network and they very much<br />
illustrate the public demand for such direct<br />
services from Belfast City Airport.<br />
Ongoing Success<br />
Despite the success across our European<br />
network, our core focus remains on the<br />
domestic market, with services operated by<br />
Aer Lingus, British Airways, Flybe and<br />
Citywing.<br />
Flybe, our longest standing airline partner,<br />
reported three months of consecutive growth<br />
this summer with all routes to and from<br />
Belfast City Airport showing growth of 4.5 per<br />
cent, 3 per cent and 5.1per cent in June, July<br />
and August consecutively.<br />
Within the terminal, we have welcomed<br />
Starbucks to the Departure Lounge creating<br />
25 new jobs and further catering to the<br />
demand of our passengers.<br />
We will continue to work closely with<br />
existing and potential new airline partners to<br />
ensure the route network from Belfast City<br />
meets the needs of the business and leisure<br />
travel market in Northern Ireland.<br />
Improving the customer experience further<br />
is always high on the agenda and over the<br />
next 12 months we will continue to invest in<br />
our infrastructure with significant capital<br />
investment planned in the facility.
Northern Ireland’s Most Inspiring<br />
Women revealed and celebrated<br />
he names of the muchanticipated<br />
<strong>Business</strong> <strong>First</strong> Northern Ireland’s Top<br />
T20 Most Inspiring Women were<br />
revealed at a Gala Lunch held at the Malone<br />
Lodge Hotel in Belfast.<br />
Open nominations were gathered in June<br />
with public online voting at<br />
businessfirstonline.co.uk resulting in 10,192<br />
votes cast by the date of closing in early<br />
August.<br />
After independent adjudication, the wellkept<br />
secret was revealed to a hushed<br />
audience by <strong>Business</strong> <strong>First</strong> managing editor<br />
Gavin Walker who had kept the golden<br />
envelope locked in a bank vault for the<br />
preceding two weeks.<br />
“Unlike many awards, the <strong>Business</strong> <strong>First</strong><br />
Northern Ireland’s Top 20 Most Inspiring<br />
Women was driven by the Northern Ireland<br />
public,” Gavin explained.<br />
“From the start we – along with Awards<br />
sponsors MGMPR Ltd – wanted to give men<br />
and women from across Northern Ireland the<br />
opportunity to vote for the women they felt<br />
were the most inspirational based on their<br />
own experiences.<br />
“The result is a fascinating mix of well<br />
recognised names like Mary Peters, Sinead<br />
McLaughlin, Chief Executive of the<br />
Londonderry Chamber of Commerce and<br />
Louise Kelly, Partner at Grant Thornton, and<br />
other equally as inspiring, but perhaps less<br />
well known women such as Estelle Wallace –<br />
Pure Wellness or Julie Ann Muldoon from The<br />
New You Plan.”<br />
Speaking after the event Eleanor McGillie,<br />
director of Northern Ireland's brand<br />
journalism agency, MGMPR Ltd, said; “This<br />
has been a wonderful event to be involved<br />
with.<br />
“Women are now such a major force at<br />
every level and driving every aspect of<br />
Northern Ireland society so it’s a pleasure to<br />
be able to celebrate those women who are<br />
inspiring others to do something different or<br />
believe that they can achieve even more.<br />
"Every woman nominated will have a great<br />
story to tell and this was an opportunity for<br />
those stories to be shared."<br />
The Keynote Speaker at the Awards was<br />
Dorothy McKee, Senior Associate Lecturer at<br />
Ulster University <strong>Business</strong> School and<br />
principal at Dorothy McKee Consultants.<br />
She spoke on the need for Mental<br />
Toughness but concluded by encouraging<br />
women to be strong in the conviction that<br />
they are special and that every one of the<br />
guests can be inspiring by believing that ‘I am<br />
who I am, because I am who I am.’ Dorothy<br />
presented the Award Certificates.<br />
<strong>Business</strong> <strong>First</strong> Northern Ireland’s Top 20 Most<br />
Inspiring Women as voted for by Northern Ireland public<br />
Charlene Bradley, Northern Health Trust<br />
marie Lacy, Belfast Community Gospel Choir<br />
louise Kelly, Grant Thornton<br />
Estelle Wallace, Pure Wellness<br />
www.businessfirstonline.co.uk<br />
35
Northern Ireland’s Top 20 Most Inspiring Women 2016<br />
Sharon Porter MBE, Bide a While<br />
Dame Mary Peters, MBE, Mary Peters Trust<br />
Janine Walker, Rink A Dink<br />
Brenda Shankey, Jason Shankey Salons Group<br />
Deborah McCann, Queen Bee<br />
Nuala Campbell, Titanic Creative<br />
Ciara Daley, Ciara Daley Make Up<br />
Jacqueline Evans, Cafe Vic Ryn<br />
36 www.businessfirstonline.co.uk
Northern Ireland’s Top 20 Most Inspiring Women 2016<br />
Sinead McLaughlin, Londonderry Chamber of Commerce<br />
Lorraine Nelson, Baker Tilley Mooney Moore<br />
Karen O’Rawe, History Hub Ulster<br />
Sinead Fox Hamilton, McKinty Associates<br />
Stephanie Reid, ORTUS<br />
Cathy McCann, Fujitsu<br />
Michael Muldoon on behalf of Julie Anne Muldoon, New You Plan<br />
Barbara McKeown, Fairy Tales Weddings<br />
www.businessfirstonline.co.uk<br />
37
THOUGHT LEADERSHIP<br />
THE<br />
RESPONSIBILITY<br />
OF BUSINESS<br />
Would you rather<br />
be a golfer or an<br />
exporter?<br />
by Profesor Simon Bridge<br />
iam Fox has suggested that many<br />
business owners would rather play golf<br />
Lthan export and he appears to regard<br />
this as deviant and unacceptable behaviour.<br />
This is not, I suspect, because he subscribes<br />
to the unfashionable, but possibly correct,<br />
view that a game of golf is a good walk<br />
ruined. Instead he clearly thinks that<br />
businesses leaders have a responsibility to<br />
spend all their time maximising the export<br />
earnings of their businesses.<br />
Liam Fox is currently (at the time of<br />
writing) a minister in the UK government and<br />
governments and those leading them<br />
generally want businesses to employ more<br />
people and grow their profits because that<br />
will provide more jobs and more taxation<br />
revenues – and governments want businesses<br />
to do it by exporting because that will bring<br />
income into a country, whereas domestic<br />
growth may be at the expense of other<br />
domestic businesses. However, because that<br />
is what they want, governments appear to<br />
have come to believe that businesses want it<br />
also.<br />
Indeed there does seems to be an<br />
expectation clearly established in many<br />
people’s minds that there is some sort of onus<br />
on businesses to make money and therefore<br />
to grow in order to make more money.<br />
38 www.businessfirstonline.co.uk<br />
Thus many government schemes<br />
promoting business growth seem to treat it<br />
as a natural and inbuilt imperative which is<br />
sometimes constrained and which therefore<br />
can best be facilitated by reducing those<br />
constraints.<br />
This belief that businesses exist to make<br />
money was famously reinforced by Milton<br />
Friedman when, in contributing to the debate<br />
about social responsibility, he stated that ‘the<br />
social responsibility of business is to increase<br />
its profits’.<br />
Actually he said a lot more.<br />
He pointed out, for instance, that there is a<br />
lack of rigour in discussions about business<br />
‘responsibilities’ because, as he put it, while<br />
people can have responsibilities, businesses<br />
are only artificial people and can only have<br />
artificial responsibilities.<br />
The people who are responsible are the<br />
people who own and/or manage a business –<br />
not the business per se. Hired business<br />
managers are responsible for carrying out the<br />
wishes of the business’s owners, provided of<br />
course that is within the law.<br />
And it is a business’s owners who<br />
determine its objectives and task its<br />
managers to achieve them. In a company<br />
limited by shares the owners are the<br />
shareholders, of which there may be very<br />
many or very few but it is they who decide.<br />
But on what basis should they<br />
decide?<br />
Should they direct their businesses to<br />
achieve their aims – or just to deliver what<br />
we or our governments want? <strong>Business</strong>es do<br />
not have to focus solely on profit. Indeed<br />
businesses evolved essentially for mutual<br />
benefit.<br />
Early huntergather lived in very largely<br />
selfsufficient family groups where the group<br />
did everything necessary for their own needs<br />
and with little or no exchange with others.<br />
However, once agriculture become<br />
established, we started to develop areas of<br />
specialisation in which people could<br />
concentrate on what they were good at, or<br />
well provided for, and exchange some of their<br />
produce for what others were good at.<br />
Thus businesses evolved in which those<br />
concerned produced mainly not for their own<br />
consumption but to trade with others in<br />
exchange for the other things they needed. So<br />
businesses were about both sides benefitting<br />
from deals, not one side trying to maximise<br />
its take at the expense of the other.<br />
Of course this involved an element of trust<br />
but, as Francis Fukuyama explained in his<br />
book Trust, it has been in relatively high trust
societies that business economies have best<br />
flourished. Therefore, for their longerterm<br />
benefit, business owners should want a fair<br />
exchange for everyone.<br />
But that does not really address Lima Fox’s<br />
point. Should business owners concentrate<br />
on exporting rather than playing golf? Often<br />
business owners appear to want money – but<br />
not for the money itself but as a means to an<br />
end. Usually money is desired for what it can<br />
buy – but sometimes it appears to be sought<br />
an apparent score for how well the business<br />
is doing.<br />
Money may not buy everything but it can<br />
buy a lot – and in particular it can help to<br />
satisfy many needs and wants. Needs, as<br />
Maslow explained, can range from basic<br />
survival requirements for food and shelter,<br />
through providing for one’s family and/or<br />
retirement, to esteem and selfactualisation.<br />
Wants can also include enjoyment which<br />
itself can come from satisfying needs or just<br />
indulging senses.<br />
Who is to say that golf is not a legitimate<br />
form of enjoyment and even, for some, a<br />
source of achievement?<br />
In Northern Ireland we want to promote<br />
golf tourism by encouraging relatively<br />
wealthy people to come here to play golf.<br />
Therefore it does not behove us to suggest<br />
that business people should not indulge in it.<br />
If you are in business and earn enough to<br />
survive and provide for yourself and your<br />
employees, what’s wrong with wanting to<br />
relax a bit instead of earning more money<br />
than you need and, strange as it may seem to<br />
some of us, relaxation can include playing<br />
golf.<br />
Governments want more taxation revenues<br />
in order to deliver more services to us,<br />
presumably to make our lives safer and/or<br />
more fulfilling. But if we earn enough to<br />
provide for our own needs (and not to have<br />
to depend on the government for handouts)<br />
what is wrong in also indulging in some<br />
enjoyment on our own initiative?<br />
While businesses need to make money in<br />
order to sustain themselves, that does not<br />
have to be their overall aim. Of course a<br />
business should try to make enough money to<br />
survive and deliver its owners’ targets but<br />
those targets do not have to be about making<br />
more money.<br />
Many people actually have businesses for a<br />
wide range of purposes other than personal<br />
profit maximisation: including to support<br />
them and/or their families, to continue an<br />
inherited family business, to have a relatively<br />
independent economic existence without a<br />
QUOTABLEQUOTE<br />
Should business owners<br />
concentrate on exporting rather<br />
than playing golf? Often business<br />
owners appear to want money –<br />
but not for the money itself but<br />
as a means to an end. Usually<br />
money is desired for what it can<br />
buy – but sometimes it appears to<br />
be sought an apparent score for<br />
how well the business is doing.<br />
direst boss, to test and develop an idea, or to<br />
compete with others – and they might move<br />
from one reason to another or have a<br />
combination of reasons. But I suggest that<br />
few do it solely as the best way to make more<br />
money for themselves.<br />
But is Liam Fox suggesting that that is<br />
wrong and that, in essence, we should live in<br />
order to work rather than work in order to<br />
live? Of course the government would like<br />
there to be more work in order to provide<br />
more tax revenues – but businesses are not<br />
mirror images of government.<br />
So – to go back to Friedman – should<br />
business, or rather their owners,<br />
acknowledge social responsibilities? As<br />
Doone famously wrote: ‘no man is an island’.<br />
We are both mutually dependent on others<br />
and mutually influenced by them. Our<br />
businesses exist in human society and<br />
humans are a very social species. So I suggest<br />
that for our longer term mutual benefit we<br />
should recognise and address this<br />
responsibility – but there are other ways of<br />
doing it than foregoing golf.<br />
Underlying this is there another clash of<br />
perceptions? On the one side there is the<br />
traditional economic view that people<br />
essentially make rational decisions – and can<br />
therefore be viewed as behaving rather like<br />
clocks in that, once the mechanism is<br />
understood, the result can be predicted<br />
because they always behave consistently and<br />
logically.<br />
On the other side there is a recognition that<br />
human beings are very susceptible to social<br />
influence and often behave, not as<br />
independent individuals, but as crowds or<br />
even clouds which are neither consistent nor<br />
predicable. According to Rowson and<br />
McGilchrist:<br />
‘The notion that we are rational individuals<br />
who respond to information by making<br />
decisions consciously, consistently and<br />
independently is, at best, a very partial<br />
account of who we are.<br />
A wide body of scientific knowledge is now<br />
telling us what many have long intuitively<br />
sensed – humans are a fundamentally social<br />
species, formed through and for social<br />
interaction.’<br />
This has been summed up by Earls in the<br />
observation that: ‘independent thinking is to<br />
humans as swimming is to cats – they can do<br />
it if they have to’.<br />
The trouble is that once we adopt one view<br />
of how we behave it is that hard to switch to<br />
another – and the more embedded a<br />
perspective is the more it acts<br />
subconsciously. As a result we don’t realise<br />
the assumptions we are making. So we<br />
assume both that businesses make decisions<br />
and that they act rationally to maximise their<br />
profits – instead of seeing them as creations<br />
of people who are subject to a wide variety of<br />
influences, many of which are not rational. As<br />
Kahneman puts it in explaining theory<br />
induced blindness:<br />
‘Once you have accepted a theory and used<br />
it as a tool in your thinking, it is<br />
extraordinarily difficult to notice its flaws. If<br />
you come upon an observation that does not<br />
seem to fit the model, you assume that there<br />
must be a perfectly good explanation that you<br />
are somehow missing.<br />
‘You give the theory the benefit of the<br />
doubt, trusting the community of experts who<br />
have accepted it. ... Disbelieving is hard work’.<br />
www.businessfirstonline.co.uk<br />
39
THOUGHT LEADERSHIP<br />
We’re making headway but<br />
there’s still progress to be made<br />
Dawn Johnston, Chairperson, Chartered Accountants Ulster Society<br />
J<br />
ust before the curtain came down on<br />
September, we were hit by a welter of<br />
Government statistics ranging from<br />
household average income and cancer<br />
waiting times to the age profile of our<br />
population and the numbers killed and<br />
injured on our roads.<br />
Behind the blizzard of numbers lay stories<br />
of hardship, pain, suffering and survival. I was<br />
drawn to one particular report not simply<br />
because it made me smile, but because it<br />
painted a picture of a society moving<br />
inexorably in the right direction.<br />
The report was from the Executive Office<br />
with the curious title of ‘Good Relations<br />
Indicators: 2016 Update Report’. In addition<br />
to telling us about hate crime levels, it also<br />
gave us a glimpse into more positive<br />
Protestant/Catholic relations.<br />
I’m not going to bamboozle you with<br />
everything that was reported in the update,<br />
but a few stats merit specific mention.<br />
Twothirds of young people now regularly<br />
socialise or play sport with people from a<br />
different community background – and that’s<br />
up three per cent.<br />
Nearly nine out of ten people say they can<br />
be open about their cultural identity in their<br />
neighbourhood, and more than eight out of<br />
ten say the same about their workplace.<br />
Fewer people were annoyed about murals,<br />
kerb paintings or flags. Most Protestants and<br />
Catholics (80 per centplus) felt their culture<br />
and traditions added to the richness and<br />
diversity of Northern Ireland.<br />
So far, so good. These figures showed we<br />
were travelling in the right direction. Shared<br />
education has slipped back and there’s work<br />
to do on the CatholicProtestant relationship<br />
side, but I think that overall, as a society, we<br />
are more at ease with one another, more<br />
willing to engage, share and appreciate. All of<br />
this augurs well as we confront challenges on<br />
the way to rebuilding the economy.<br />
Happily, eighteen years on from the Good<br />
Friday or Belfast Agreement, tangible<br />
community progress is being made. We<br />
would dearly like to see it happen at a faster<br />
pace, but we have to be content that at least<br />
the graph is upward.<br />
Elsewhere in this fairly dry bit of data is<br />
something more troubling for our politicians.<br />
Less than a third (27 per cent) felt they had<br />
influence on local decision in their<br />
neighbourhoods. The figure slips to one in<br />
five (22 per cent) when it comes to decisions<br />
made in Northern Ireland.<br />
More worryingly, only nine per cent and<br />
seven per cent of young people believe they<br />
have a say at local and regional level. That<br />
means the overwhelmingly majority of our<br />
young people feel on the fringes of the<br />
decisionmaking in Councils and the<br />
Assembly.<br />
If young people feel marginalised, not<br />
listened to or valued, then our politicians<br />
have a serious, uphill battle on their hands.<br />
Politics has to be made relevant to young<br />
people and engagement lies at the heart of<br />
that. Our recent elections did return a bigger<br />
proportion of younger candidates, so<br />
hopefully this will strike a chord with<br />
younger members of our society.<br />
If nothing else, this report should set alarm<br />
bells ringing amongst Ministers and<br />
Opposition. Maybe the <strong>First</strong> Minister and the<br />
Deputy <strong>First</strong> Minister already realise the<br />
disengagement that there is, and perhaps<br />
that’s one of the reasons why they used the<br />
Royal Prerogative to appoint a new<br />
communications specialist.<br />
Northern Ireland Year of Food and<br />
Drink<br />
On a cheerier note, this is the Northern<br />
Ireland Year of Food and Drink – a<br />
celebration of what we produce and make,<br />
and the quality of what we sell.<br />
We have a lot to be proud of agriculture is<br />
our mainstay industry. We export more than<br />
£2 billion worth of produce to Great Britain<br />
and £708 million to the Republic of Ireland.<br />
Total exports to other markets are worth<br />
more than £600 million.<br />
These numbers are impressive but there’s<br />
ample scope to build on the success we<br />
already enjoy in agrifoods. We’ve seen<br />
massive growth in and development in<br />
poultry, largely at Moy Park. The company’s<br />
vertical integration with farmers is creating a<br />
massive supply base. The development of<br />
plants to deal with poultry litter will ensure<br />
growth is sustained.<br />
A similar model is being taken to the pig<br />
sector. Two factories have won approvals to<br />
export to China and just as in poultry, the<br />
potential for export growth is impressive.<br />
Getting our beef into the USA market is a<br />
workinprogress, all underpinned by strong<br />
traceability credentials.<br />
There are several exciting things happening<br />
in agrifoods, and one way the entire sector<br />
could be given a nudge forward is if we had a<br />
Food and Drink Marketing Body to promote<br />
Northern Ireland produce. The industry<br />
wants it and it’s an objective of the AgriFood<br />
QUOTABLEQUOTE<br />
If young people feel marginalised,<br />
not listened to or valued, then our<br />
politicians have a serious, uphill<br />
battle on their hands. Politics has<br />
to be made relevant to young<br />
people and engagement lies at<br />
the heart of that. Our recent<br />
elections did return a bigger<br />
proportion of younger candidates,<br />
so hopefully this will strike a<br />
chord with younger members of<br />
our society<br />
Strategy Board, but so far it hasn’t happened,<br />
which is a real pity.<br />
Tourism on the rise<br />
Another sector making headway is tourism.<br />
This July, we saw our Belfast hotels set a new<br />
record. We saw 97,000 rooms sold,<br />
something that is a remarkable turnaround<br />
when you consider that not too long ago,<br />
bedroom availability in July was anything but<br />
buoyant. In August alone, there were thirty<br />
cruise ships visited the city – eightythree so<br />
far this year, and they delivered 150,000<br />
visitors.<br />
As in agrifoods, much more could be<br />
achieved. That said, I think it’s fair to say that<br />
Northern Ireland has found its feet. Now, we<br />
must deliver jobs and business growth to<br />
cement the progress.<br />
40 www.businessfirstonline.co.uk
BUSINESS FIRST MEETS<br />
RONAN MCGUIRK<br />
ASM CHARTERED ACCOUNTANTS<br />
Ronan McGuirk is a Tax Director at ASM Chartered Accountants. and has been with the comapny for 18 yers. In this issue Ronan gives<br />
us an insight into his role at one of the top accountancy practices in Ireland. With six offices across Ireland, Belfast, Dublin, Dundalk, Dungannon,<br />
Magherafelt and Newry, the 160 strong team specialises in a range of accountancy disciplines including, corporate finance, insolvency<br />
services, forensic accounting, audit and accounting, consultancy services, internal audit, tax, hotel, tourism and leisure.<br />
The best thing about working for<br />
ASM<br />
No two days are the same. We have a very<br />
broad client base on both sides of the border,<br />
from the small oneman band to the large<br />
company working all over the world.<br />
By way of example, this week, I was<br />
advising one client on efficient set up in<br />
Belgium, closing a HMRC enquiry with no<br />
amendment, advising a small construction<br />
company on their Auto Enrolment duties, a<br />
large Irish construction company on Irish<br />
VAT and a high net worth couple on the cross<br />
border tax implications of a draft Will.<br />
You can see what I mean!<br />
What is your passion outside of<br />
work and family?<br />
Sport is my main passion. There are very<br />
few sports that I don’t like, but I am most<br />
passionate about football,<br />
As a long suffering supporter of Arsenal I<br />
have had my fair share of ups and downs.<br />
I also do a lot of reading…..mostly about<br />
sport!<br />
What is your accountancy<br />
speciality?<br />
I specialise in tax and work across all taxes,<br />
both sides of the border. Tax covers a very<br />
broad range and helps to keep my role<br />
interesting!<br />
What kind of clients do you look<br />
after?<br />
All types of clients in all types of industry,<br />
but the vast majority have one thing in<br />
common, they are family run business.<br />
We really enjoy working with family<br />
companies as their advisors. A lot of our<br />
meetings are held at kitchen tables all over<br />
the country!<br />
What is the latest thing in<br />
accounting at the moment?<br />
The latest thing in accounting at the<br />
moment is cloud accounting. This is a real<br />
game changer for the profession and<br />
something that we have invested a lot of time<br />
in recently.<br />
Cloud accounting will give business real<br />
time access to their records, saving them<br />
time, money and giving them valuable up to<br />
date information on their phone or tablet.<br />
It is a really exciting time for the profession<br />
which will see a move away from looking<br />
back and reporting on how the business has<br />
performed, to consultancy work which will<br />
shape the future of the business and<br />
ultimately improve the lives of the business<br />
owner.<br />
Has Brexit affected business at<br />
ASM?<br />
We haven’t seen the full effect of Brexit yet.<br />
To date the major effect has been on the Euro<br />
/ Sterling exchange rate, which although our<br />
clients are used to dealing with fluctuations in<br />
the currency, the post Brexit change has been<br />
sharp.<br />
The main issue with Brexit is the<br />
uncertainty that surrounds it at the moment,<br />
although we now know Brexit will be<br />
triggered by March 2017, no one really knows<br />
what the outcome will be. Uncertainty is not<br />
good for business.<br />
However, with all change comes<br />
opportunity, the trick will be to spot it, at<br />
ASM we are always looking out for the<br />
opportunity for our clients.<br />
How is business in Newry?<br />
<strong>Business</strong> in Newry is good. Newry has a<br />
long history of producing dynamic and<br />
adaptable businesses that are used to dealing<br />
with, and overcoming adversity. Brexit is just<br />
another challenge to be overcome.<br />
If you weren’t an accountant, what<br />
would you like to be?<br />
Something in sport, The next Arsenal<br />
manager maybe?<br />
ASM Chartered Accountants has grown<br />
rapidly since its launch in 1995 and is now<br />
one of the largest accounting and<br />
management consultancy firms in Ireland,<br />
with offices in Belfast, Dublin, Dundalk,<br />
Dungannon, Magherafelt and Newry.<br />
The 170 strong team comprises specialists<br />
in a range of accountancy disciplines and<br />
related skills that include: corporate finance,<br />
audit and accounting, internal audit,<br />
consultancy services, taxation, hotels, tourism<br />
and leisure, insolvency, and forensic<br />
accounting.<br />
MOREINFORMATION<br />
To contact Ronan McGuirk, email:<br />
ronan.mcguirk@asmnewry.com<br />
or call 028 302 69933.<br />
Alternatively, visit<br />
www.asmaccountants.com<br />
for contact details.<br />
www.businessfirstonline.co.uk<br />
41
THOUGHT LEADERSHIP<br />
WILL DIVERSITY BE THE TOP KPI<br />
OF A SUCCESSFUL<br />
COMPANY?<br />
y goodness having harped on for a<br />
number of years about the<br />
Mimportance of Diversity; is it about to<br />
be recognised as the key indicator of<br />
companies current and future success? Will<br />
investors ask for diversity stats before the<br />
P&L? Yes, I believe so.<br />
Every week now there are articles about<br />
gender diversity in the mainstream media.<br />
Although most of these articles are still<br />
negative, and highlighting continuing<br />
problems, what has changed and what is<br />
positive, is that gender diversity issues are<br />
being regularly reported and clearly<br />
acknowledged as a problem.<br />
The recent Institute for Fiscal Studies (IFS)<br />
gender pay gap report revealed that women<br />
earn 18 per cent less than men on average. It<br />
also found that the gap balloons after women<br />
have children, raising the prospect that<br />
mothers are missing out on pay rises and<br />
promotions.<br />
The positive here is, they are measuring it,<br />
they are publishing it, and the media are<br />
reporting it!<br />
Put please could I ask for better quality<br />
reporting? What did a radio station do with<br />
this story? They followed the same format as I<br />
have observed on many occasions when it<br />
comes to “perceived “women’s issues. They<br />
brought together two women with differing<br />
views on the accuracy of the statistics,<br />
encouraging an argument!<br />
Seriously, does it matter if the stats differ<br />
from other reports; they all agree there is a<br />
pay gap! Positive, would have been a<br />
discussion with people who understand the<br />
problem, and who have solutions or who<br />
want to find solutions.<br />
Positive also was the article about Jeremy<br />
42 www.businessfirstonline.co.uk<br />
asks Roseann Kelly, chief executive Women in <strong>Business</strong>.<br />
Corbyn’s launch of a document detailing ten<br />
pledges to advance gender equality for<br />
women in the Labour Party.<br />
He did get into trouble though when he<br />
talked about banning after hours drinking as<br />
this presumed that childcare was solely the<br />
role of the mother.<br />
Labour MP Stella Creasy said while she<br />
agreed networking was gendered the answer<br />
was not ending after work drinks but for<br />
"fathers to do equal childcare so mothers can<br />
go out and enjoy themselves".<br />
Again I would say it does not matter whose<br />
solution is right or wrong, what’s great is that<br />
it is recognised as a problem and people are<br />
seeking solutions.<br />
Within a recent Sunday paper one found<br />
four stories related to gender (and this was<br />
without even looking in the magazines). <strong>First</strong>,<br />
Nicola Sturgeon spoke about the baby she<br />
lost, about how she was hurt by assumptions<br />
that she decided to put her political career<br />
before having children.<br />
Although intensely private she goes public<br />
as she is conscious of her responsibility as a<br />
role model she does not want girls to<br />
conclude that women must sacrifice part of<br />
their lives to climb the career ladder.<br />
Another story is on the success of the<br />
number of blogs and books celebrating the<br />
“imperfect mum”, the “Brummy instead of<br />
Yummy mum” and the new book due out”<br />
Hurrah for Gin” mum.<br />
It is right to take the pressure of all mums<br />
working, or not. If we took the pressure off<br />
trying to be the perfect parent (which is not<br />
possible, my kids inform me) then maybe<br />
more women would step up to higher roles.<br />
Another article talks about the radical new<br />
guidelines at the Abbey Theatre in Dublin.<br />
In response to their 1916 centenary<br />
programme which featured just one woman<br />
in the lineup of 10 new playwrights they<br />
have committed the Republic’s National<br />
theatre to achieving full gender equality<br />
within the next five years.<br />
These new Gender commitments go beyond<br />
play wrights to include director, designers,<br />
actors, stage managers and more.<br />
And finally, the best one, on the front of the<br />
business pages no less “FTSE firms face<br />
targets for women in top jobs”.<br />
This is the one that confirms that the future<br />
of successful business is Diversity. It has been<br />
conceded by Sir Philip Hampton, chairman of<br />
Glaxo Smith Kline that companies will have to<br />
set tough targets if the campaign to put more<br />
women in top earning positions is to succeed.<br />
This campaign although supporting gender<br />
equality is really about successful business.<br />
The business case is driving the call for<br />
women at the top; the Future of <strong>Business</strong> is<br />
diversity.
BELFAST WATERFRONT<br />
The new<br />
Belfast<br />
Waterfront<br />
six months on<br />
Friday 28 October marked six months<br />
since Belfast Waterfront’s new<br />
7,000m 2 conference facility opened<br />
its doors. Over this time, the staff<br />
have hosted nearly 40 events and<br />
welcomed over 28,000 delegates.<br />
Thanks to the additional event space in the<br />
heart of the city, Belfast has seen a welcome<br />
rise in the number of visiting national and<br />
international conferences, not to mention an<br />
estimated £10m for the local economy.<br />
However, this is only the beginning…<br />
The big names keep rolling in<br />
In addition to delivering largescale gala<br />
dinners, awards ceremonies, exhibitions and<br />
business meetings for local organisations, the<br />
Belfast Waterfront team continue to build a<br />
robust pipeline of national and international<br />
events as far out as 2019.<br />
In the immediate future, the venue is set to<br />
welcome the Services for International<br />
Education Marketing Conference in December<br />
with many more prestigious events to follow<br />
including the Routes Europe Conference in<br />
2017 and the Royal College of Nursing (RCN)<br />
Annual Congress in 2018.<br />
An attractive destination for<br />
conferences<br />
The city is already reaping the rewards of<br />
the £29.5m expansion programme funded by<br />
Belfast City Council, Tourism Northern<br />
Ireland and the European Regional<br />
Development Fund, through the European<br />
Sustainable Competitiveness Programme for<br />
Northern Ireland, with the resultant influx of<br />
delegates.<br />
Capable of hosting a much wider range of<br />
events than ever before, Belfast Waterfront<br />
has seen the return of many events that had<br />
previously outgrown the facilities, as well as a<br />
boost in new business.<br />
The new stateoftheart conference facility<br />
along with Belfast’s exciting new offering<br />
have enticed many organisations to consider<br />
Belfast as a host city.<br />
Bhavnita Patel, General Manager of<br />
Association of Surgeons of Great Britain and<br />
Ireland (ASGBI), explains: “It had been<br />
traditional for the association to use a venue<br />
in the President’s home town.<br />
“John Moorehead is from Belfast, but we<br />
had been using three other conference<br />
centres in the UK on a rotating basis, as<br />
Belfast simply didn’t have anything that could<br />
accommodate us. However, we found that the<br />
enlarged Belfast Waterfront…had everything<br />
we required…It was an absolute success and<br />
the feedback from delegates was brilliant.”<br />
Likewise Dr. Frank Amoneit, Managing<br />
Director of Euro Fed Lipids highlights how<br />
having a new stateoftheart conference<br />
facility at the heart of the city’s proposal was<br />
a real game changer: “Belfast Waterfront’s<br />
new expansion put Belfast on the table as a<br />
confirmed host city for the 16th Euro Fed<br />
Lipid Congress in 2018. In addition, the city’s<br />
overall package of facilities, a good spread of<br />
hotels nearby the venue and an extensive<br />
network of flights made Belfast an attractive<br />
destination for our annual conference.”<br />
Accommodate a wider range of<br />
events<br />
Today the stunning riverside venue delivers<br />
a brand new event experience for up to 5,000<br />
delegates. It can cater for large business<br />
meetings, banquets for up to 1,000 guests,<br />
conferences with accompanying exhibitions,<br />
exhibitions with attendant meetings and<br />
conventions with separate breakout rooms.<br />
Two multipurpose halls, together<br />
measuring over 2,500m 2, 6 extra meeting<br />
rooms, and a stunning 660m 2 riverside foyer<br />
have greatly enhanced its existing offering,<br />
comprised of a 2,200seat auditorium, 360<br />
seat studio and 14 meeting rooms.<br />
New opportunities<br />
This may be a highly competitive<br />
marketplace but it is seen as very lucrative in<br />
today's business environment. According to<br />
the ‘UK Conference and Meeting Survey 2016’<br />
(UKCAMS), the sector was worth an<br />
estimated £19.2 billion in venue and<br />
destination direct spend in 2015, and last<br />
year saw more business events being held at<br />
UK venues.<br />
With this in mind, the contribution of local<br />
ambassadors in securing conferences for the<br />
city as well as raising Belfast’s profile on the<br />
world stage will continue to be invaluable.<br />
Dr Sinclair Mayne, the local Visit Belfast<br />
Ambassador and Chair of British Society of<br />
Animal Science Organising Committee<br />
(BSAS), thanked the city for making the 67th<br />
Annual Meeting of the European Federation<br />
of Animal Science (EAAP) such a big success:<br />
“... EAAP is hosted in major European cities<br />
such as Nantes, Rome and Warsaw. Belfast is<br />
as good as any of these cities…it is a worldclass<br />
business tourism destination.”<br />
MOREINFORMATION<br />
We’re ready to welcome you<br />
If you would like to book your<br />
next event at Belfast<br />
Waterfront, contact the sales<br />
team today:<br />
T: +44 (0) 28 9033 4400<br />
E: conference@waterfront.co.uk<br />
W: waterfront.co.uk<br />
@BelWaterfront /<br />
#BelfastWaterfront.<br />
www.businessfirstonline.co.uk<br />
43
TECH [2020]<br />
P2V Systems Provides Local<br />
Procurement of Global IT Brands<br />
electing IT services and solutions can be<br />
an overwhelming process if you aren’t<br />
Sclear on your requirements. And even if<br />
you know what you need, how do you go<br />
about finding it?<br />
P2V Systems aim has always been to offer a<br />
complete IT solution to our customers. With<br />
that in mind, the launch of our new eShop<br />
takes our service the extra mile.<br />
Our eShop offers businesses competitive<br />
prices & next business day delivery on over<br />
90,000 Hardware and Software items.<br />
Products include everything from Laptops,<br />
Tablets, Desktops, Phones and Peripherals, to<br />
Components, Servers, Firewalls and<br />
Networking equipment. The latest Security<br />
and Software programs are also available.<br />
With global leading brands available<br />
including Microsoft, Apple, Samsung, Dell, HP,<br />
VMware, Cisco, Lenovo, Palo Alto Networks<br />
and many more, it is a great resource for your<br />
IT and communications procurement<br />
requirements.<br />
Benefits for our Customers<br />
With 24hour access to the best technology<br />
solutions at great prices, the eShop will help<br />
businesses save time, money and resources.<br />
Our products fit the needs of businesses of<br />
all sizes, from large enterprises to SMEs. Our<br />
eShop provides convenient access to<br />
solutions for IT security, storage, backup,<br />
networking, communications and general day<br />
to day business operations.<br />
In addition to our competitive prices, our<br />
regular featured deals ensure there are<br />
always extra offers to benefit from.<br />
Our fast deliveries are sure to be a huge and<br />
welcome benefit to customers who can’t<br />
afford to wait for their order.<br />
And then of course, there is the security<br />
element. Customers can shop with peace of<br />
mind thanks to our secure online payments<br />
supported by Sage Pay, with flexible payment<br />
options available.<br />
As with any of the services provided by P2V<br />
Systems, great customer care from our eShop<br />
is a priority.<br />
Our local and personal customer service is<br />
another benefit our customers will love. Our<br />
inhouse Customer Service Team ensures<br />
orders and queries are dealt with efficiently.<br />
Customers will also love the userfriendly<br />
eShop platform itself. They can view pricing<br />
info, product specifications and availability.<br />
They can also view their order history and<br />
order receipts, access shipping details and<br />
update their delivery and invoice details, all<br />
on the secure system.<br />
The added convenience of these selfservice<br />
features allows customers to make faster<br />
business decisions by offering access to the<br />
relevant product information and eliminating<br />
unnecessary phone calls and emails.<br />
ISO Accredited Supplier<br />
Based in Lisburn, P2V Systems is an ISO<br />
9001 and 27001 certified IT Solutions<br />
provider to businesses across the UK and<br />
Ireland. So regardless if you are a local<br />
customer or are ordering from further afield,<br />
you can be assured of a great service from a<br />
company whose processes and information<br />
management policies adhere to industry<br />
standards.<br />
Visit shop.p2vsystems.com<br />
Whether you have any IT or<br />
Communications Hardware and Software<br />
requirements just now or not, check out our<br />
eShop at shop.p2vsystems.com and register<br />
as a user.<br />
Make sure you join our mailing list and<br />
follow us on Twitter @p2vsystemseshop to<br />
receive updates on our great offers.<br />
44 www.businessfirstonline.co.uk
COMMENTARY<br />
WILL BREXIT PUT DATA<br />
PROTECTION ON NOTICE?<br />
by Glenn Watterson, Solicitor in Mills Selig<br />
hanges to the data protection rules are<br />
imminent which seek to improve the<br />
Crights of individuals in an increasingly<br />
digital age. Will they affect businesses in<br />
Northern Ireland if the UK leaves the EU?<br />
The new EU General Data Protection<br />
Regulation (GDPR) is scheduled to come into<br />
force on 25 May 2018, replacing the existing<br />
1995 Data Protection Directive, and will be<br />
directly applicable in all Member States<br />
without the need for implementing national<br />
legislation.<br />
These regulations aim to unify and expand<br />
data protection for individuals in the EU.<br />
They contain a number of new features – for<br />
example, the obligation to notify of a breach<br />
within 72 hours and the requirement for data<br />
portability. Fines and penalties for noncompliance<br />
are significantly increased.<br />
Will UK data controllers or<br />
processors be able to hide behind<br />
Brexit?<br />
Although the postBrexit picture remains<br />
unclear, it’s likely some if not all of GDPR will<br />
continue to apply in the UK and will affect an<br />
increasing number of businesses.<br />
• The GDPR will apply in the UK<br />
automatically from 25 May 2018 prior to<br />
the UK’s exit from the EU, which is now<br />
likely to occur in spring/summer 2019.<br />
• The GDPR will apply to UK businesses that<br />
have an establishment processing personal<br />
data within the European Economic Area<br />
and/or that process the personal data of<br />
individuals who are resident in the<br />
European Economic Area.<br />
• Many commentators believe the UK will<br />
leave the EU and join the European<br />
Economic Area thus remaining part of the<br />
single market. In this scenario, the UK<br />
would have to adhere to certain EU<br />
regulations which would include the GDPR.<br />
• The Secretary of State for Exiting the EU<br />
has stated that at the date of exit existing<br />
laws are likely to be adopted into UK laws,<br />
but with the power to amend or cancel any<br />
of these laws.<br />
• The UK Information Commissioner is<br />
advocating that the UK adopt all EU data<br />
protection and privacy laws including GDPR<br />
so as to ensure consistent standards on the<br />
use of data and its flow between the UK and<br />
Europe.<br />
It remains to be seen what approach will be<br />
taken, and there are two years of negotiations<br />
ahead, but it is clear that UK businesses need<br />
to be ready to comply with the new stricter<br />
regime of GDPR.<br />
46 www.businessfirstonline.co.uk<br />
How is GDPR different from the<br />
existing Data Protection Act 1998<br />
(DPA)?<br />
• Stricter obligations on both controllers<br />
and processors – but with separate<br />
responsibilities for each. Processors will<br />
have significantly more legal liability if they<br />
are responsible for a breach.<br />
• Obligation on controllers to ensure<br />
processors guarantee they will meet the<br />
requirements of GDPR.<br />
• Data processors will for the first time<br />
have direct statutory obligations including:<br />
(i) maintaining a written record of<br />
processing activities; (ii) appointing a DPO<br />
as required; and (iii) notifying a controller<br />
on becoming aware of a personal data<br />
breach.<br />
• GDPR contains suggestions as to what<br />
security actions controllers and processors<br />
should take – and if the approved code of<br />
conduct is followed, this will demonstrate<br />
compliance with the GDPR’s security<br />
standards.<br />
• Data breach notification requirements –<br />
even if the breach does not lead to loss of<br />
information that could be used for fraud or<br />
identity theft (as is the case in the US).<br />
• Data portability – the right for data<br />
subjects to transfer personal data from one<br />
data controller to another without<br />
hindrance.<br />
• Subject Access Requests must now be<br />
dealt with within one month rather than 40<br />
days.<br />
• The scope of a person’s consent has finally<br />
been explained in detail. A data subject’s<br />
consent to processing of their personal data<br />
must be as easy to withdraw as to give.<br />
Consent must also be explicit when<br />
processing sensitive data. A data controller<br />
must be able to demonstrate that consent<br />
was given.<br />
• Where personal data is processed for<br />
direct marketing the data subject will have<br />
a right to object. This right will have to be<br />
explicitly brought to their attention. The<br />
GDPR also provides a list of additional<br />
information that must be provided to data<br />
subjects.<br />
• Penalties for noncompliance are<br />
increasing:<br />
• breaches of the key obligations<br />
contained in the GDPR (including the<br />
basic principles for processing and<br />
conditions for consent will be subject to<br />
administrative fines of up to<br />
€20,000,000 or, in the case of<br />
undertakings, 4% of global turnover,<br />
whichever is the higher;<br />
• other infringements such as failure to<br />
keep records or implement technical or<br />
organisational controls are subject to<br />
administrative fines up to €10,000,000<br />
or, in the case of undertakings, up to 2%<br />
of global turnover, whichever is higher.;<br />
and<br />
• furthermore, the GDPR provides that<br />
compensation may be recovered by data<br />
subjects who are the victim of a breach<br />
of the legislation.<br />
What should Northern Ireland<br />
businesses do now?<br />
<strong>Business</strong>es here should continue to prepare<br />
for GDPR. Consider what part of your<br />
operations may be affected by these changes<br />
and identify data flows from the EU to the UK<br />
as regardless of whether the UK adopts GDPR<br />
post Brexit, the Regulations will apply to that<br />
data flow<br />
The position will undoubtedly fluctuate<br />
over the next two years but harmonisation of<br />
data protection will likely remain a priority<br />
regardless of Brexit.<br />
For more information contact Glenn at<br />
028 90 243 878 or<br />
glenn.watterson@millsselig.com<br />
www.millsselig.com
SIGNIFICANT INVESTMENT AS<br />
LONG-STANDING COLERAINE<br />
BUSINESS ACQUIRED<br />
Ulster Bank supports acquisition of Boyd and Logue practice on north coast<br />
Ulster Bank’s Leona McNicholl with new owners Chris and Ruth Bloomer, announces the couple’s investment to acquire the longstanding Boyd and Logue<br />
dental business on the north coast, which employs 20 people.<br />
A<br />
husband and wife team is investing a<br />
significant sum, supported by Ulster<br />
Bank, to purchase and grow a leading<br />
dental business on the north coast.<br />
Ruth and Chris Bloomer, who have a long<br />
trackrecord in the dental sector in Northern<br />
Ireland, are purchasing the Boyd and Logue<br />
practice which has surgeries in Coleraine and<br />
Portrush. Ulster Bank has provided finance to<br />
enable the deal.<br />
Boyd and Logue has operated on the north<br />
coast for almost 45 years and employs 20<br />
people. The Bloomers were associates with the<br />
practice and decided to purchase the business<br />
whenever Mr Boyd and Mr Logue retired.<br />
Chris Bloomer says: “With 20 staff, Boyd<br />
and Logue is a substantial practice in the<br />
area, providing dental services to thousands<br />
of patients through two surgeries.<br />
“Ruth and I are delighted to acquire such an<br />
established and wellrun operation, and see it<br />
as an excellent platform to further grow the<br />
business, particularly in Portrush, where our<br />
midtolongterm plan is to expand the<br />
surgery.<br />
“We are very grateful to Ulster Bank for<br />
their support and expertise in helping us<br />
make the acquisition.”<br />
Ulster Bank relationship manager, Leona<br />
McNicholl, says: “Boyd and Logue was a<br />
longstanding Ulster Bank client of more than<br />
40 years, and we were very pleased to<br />
finance the purchase of the business by the<br />
new owners. It is one of the biggest practices<br />
in the Coleraine area, and Ruth and Chris<br />
have a vision to further enhance and grow the<br />
business into the future.”<br />
For more information on Ulster Bank visit<br />
www.ulsterbank.co.uk<br />
For more information on Boyd and Logue<br />
visit www.boydandlogue.com<br />
www.businessfirstonline.co.uk<br />
47
INGENUITY<br />
PIPELINE OR<br />
WISH LIST?<br />
Ian Laverty, Managing Director, Ingenuity<br />
T<br />
he nature of the sales profession has<br />
changed significantly over the last<br />
couple of decades. In that time, it has<br />
been aided and developed by learning from<br />
behavioural psychology, NeuroLinguistic<br />
Programming, better customer research and,<br />
of course, technology.<br />
In the main these changes have been<br />
positive and have led to the sales person<br />
being seen as a recognised professional<br />
within the organisation.<br />
Previously it was often seen as a dark art<br />
and a poor relation to other disciplines<br />
(although I’m still at a loss as to why there are<br />
few, if any, recognised academic<br />
qualifications in sales to match the disciplines<br />
of marketing, business studies etc?)<br />
There is one area where sales professionals<br />
continue to struggle however and the<br />
consequences for organisations are often<br />
significant. Pipeline assessment and sales<br />
projections.<br />
You see, sales people by their nature are<br />
optimistic. They’re positive people – at least<br />
the good ones are. They have to be. They<br />
believe that every opportunity can be<br />
converted. They’re competitive. They talk<br />
themselves up. The size of a salesman’s<br />
pipeline is a measure of his optimism, hopes<br />
and wishes.<br />
Most sales people have a process for<br />
estimating future sales based on the<br />
opportunities in their pipeline. This starts<br />
with all those leads that enter the sales funnel<br />
at the beginning of the sales process and<br />
follows those prospects through until they<br />
become customers (or not).<br />
There’s usually an assessment of how likely<br />
they are to buy from us – often by way of a<br />
percentage estimate. Most sales CRM systems<br />
offer such a feature. You can then work out<br />
your ‘expected’ future revenue by adding up<br />
your weighted opportunities.<br />
For example, a lead worth £100,000 with a<br />
50 per cent chance of winning it will show as<br />
£50,000 in your future revenue stream. Of<br />
course you are likely to win all of it or none of<br />
it rather than £50,000 but if you have enough<br />
opportunities in your sales funnel then the<br />
system averages out and should be reflective<br />
of the overall situation.<br />
Except it rarely is.<br />
Projections of sales pipeline revenue are<br />
almost always overestimated. They’re<br />
inherently inaccurate and unreliable, and<br />
that’s dangerous for an organisation. If<br />
48 www.businessfirstonline.co.uk<br />
projections are being used to estimate future<br />
revenue streams and therefore decisions,<br />
then the business is going to find itself in a<br />
difficult situation.<br />
Why do fewer prospects filter<br />
through to the bottom of the funnel<br />
than we expect?<br />
The problem is that our estimating system<br />
is flawed. A simple one category estimate of<br />
‘how likely is the prospect to convert’ is too<br />
wide. It asks the sales person to weigh up too<br />
many factors to come up with a single figure.<br />
There is evidence of our overoptimistic<br />
sales professional right from the outset.<br />
We’ve conducted research on this over the<br />
last 12 months. When a new prospect arrives<br />
at the top of the funnel the sales professional<br />
often defaults to ‘50 per cent’ as the<br />
percentage chance of the opportunity being<br />
converted. This happened in 93 per cent of all<br />
cases. To exacerbate this, a sales person will<br />
rarely adjust an opportunity downwards after<br />
the initial assessment until it is lost whereby<br />
it is removed from the pipeline.<br />
Often we find that no opportunities are<br />
ranked lower than a 50 per cent chance of<br />
converting. If that was reflected in actual<br />
results, then one in two opportunities going<br />
into the top of the funnel would be coming<br />
out the other end as customers.<br />
The first thing we need to do therefore is be<br />
far more critical of our chances of converting<br />
a brand new opportunity unless there’s a<br />
compelling reason to look at it confidently<br />
(and 50/50 is optimistic for a brand new<br />
opportunity).<br />
Secondly, we need to introduce a set of<br />
more robust opportunity assessment criteria.<br />
These criteria should break down the<br />
elements of the sales process and quantified<br />
accordingly.<br />
1. How well do we know the prospect?<br />
2. How strong is our relationship with<br />
them?<br />
3. How well do we understand their<br />
business?<br />
4. How well does our product/service meet<br />
their needs?<br />
5. How well does the prospect<br />
know/understand our product/service?<br />
6. How well does the prospect know our<br />
business?<br />
7. What is our competition for this<br />
opportunity?<br />
These criteria should be scored and these<br />
scores should contribute to an overall<br />
probability of the prospect converting.<br />
There should also be room for an element<br />
of ‘gutfeel’ but that should be one of the<br />
criteria rather than the only criteria.<br />
A good assessment process will also guide<br />
the sales person as to the actions required to<br />
move the prospect through the pipeline –<br />
changing the wish list into an accurate<br />
pipeline.<br />
Ian Laverty is the Managing Director of<br />
Ingenuity, a sales and marketing training and<br />
consultancy organisation. Please contact Ian at<br />
ian@ingenuityuk.com or 028 9187 1314
W<br />
ith almost 40 per cent of UK business<br />
reportedly being targeted,<br />
ransomware threats are increasing.<br />
Organisations of all sizes are being attacked<br />
including universities and even NHS Trusts.<br />
How do you ensure your business keeps<br />
going when you are targeted by ransomware?<br />
Ransomware is a type of malware that<br />
prevents or limits users from accessing their<br />
systems. It does this either by locking the<br />
system’s screen or locking the user files.<br />
Information is usually, but not always,<br />
returned after the ransom is paid. The<br />
Are you prepared for the rising<br />
threat of ransomware?<br />
ransomware is delivered in various ways and<br />
often unspotted by the user coming via<br />
websites, clicking on links or emails.<br />
Comic Relief was a recent victim. The<br />
ransomware put the Comic Relief servers out<br />
of action for 3 days, with employees not able<br />
to access Internet services, email or their<br />
files. It isn’t just high profile organisations<br />
that suffer though, no business is too small to<br />
be hacked.<br />
At Atlas, we offer backup and disaster<br />
recovery services to help in the event of<br />
ransomware or other cyberattacks. Many<br />
companies we speak to recognise the threats<br />
but surprisingly few are seemingly ready to<br />
set up comprehensive defences against them.<br />
What can companies do to tackle these types<br />
of attacks?<br />
You should first assess the following three<br />
key factors; How sensitive is the data? How<br />
will your company profile be affected? Can<br />
you restore your data from another source?<br />
These factors may take time to consider<br />
which could cause problems if your company<br />
isn’t fully functioning in its day to day<br />
activities.<br />
Prevention is the best defence. With various<br />
layered defences available such as firewalls,<br />
antimalware and spam filters you can begin<br />
to lessen the threat. Vigilance is important, so<br />
staff training about the issue is critical with<br />
care taken over what emails and websites<br />
they open. Once the malware gets into your<br />
files, however, these measures become<br />
obsolete.<br />
Backups and disaster recovery services are<br />
the most reliable method for recovering<br />
infected systems. If you have a second copy of<br />
your data held somewhere else and<br />
untouched, damage can be limited. The<br />
question then is how quickly you can restore<br />
the data safely. Being prepared to react, even<br />
having an outline of measures to be taken<br />
helps organise your response. Having a<br />
disaster recovery plan in place will ensure<br />
that you will not lose considerable amounts<br />
of time and money trying to recover when<br />
ransomware strikes.<br />
Richard Simpson, Managing Director of<br />
Atlas Communications. Atlas provides inpremises<br />
and hosted data, network and<br />
telephony solutions to businesses across<br />
Northern Ireland and can be contacted on<br />
028 9078 6868.<br />
www.businessfirstonline.co.uk<br />
49
TECH [2020]<br />
Ward Solutions – using home-grown<br />
security solutions to fight cybercrime<br />
very day 1.5 million people around the<br />
world become victims of cybercrime. A<br />
Efrightening statistic, and one that serves<br />
to highlight the threat that cybercrime poses<br />
to the global economy, as well as the need to<br />
fight back against it.<br />
However, the increasingly sophisticated<br />
nature of security threats means that we have<br />
now arrived at a point where traditional<br />
approaches to cyber security are no longer<br />
effective. This highly evolved threat landscape<br />
means that it’s no longer a case of if but when<br />
your business will suffer a data breach.<br />
Cybercriminals are constantly working to<br />
develop more advanced attacks to cause as<br />
much damage as possible and maximise their<br />
potential payout.<br />
Today’s malware variants, for example,<br />
bear little resemblance to their original<br />
strains, having become increasingly complex<br />
and dangerous with each iteration. However,<br />
they still have a shared goal in common with<br />
the original versions of malware – the<br />
extortion of money from businesses through<br />
the use of social engineering and intimidation.<br />
In this climate, preventative approaches to<br />
information security can no longer keep pace<br />
with the latest techniques employed by<br />
cybercriminals.<br />
Organisations now need intelligent,<br />
integrated and automated security<br />
intelligence solutions to handle the everincreasing<br />
volume of events and ensure<br />
timely visibility into what is happening on<br />
their networks.<br />
Northern Ireland as a cybersecurity<br />
hub<br />
Over the past few years Northern Ireland<br />
has become a hub for information security<br />
and technology; two sectors which support<br />
many hundreds of jobs in the region.<br />
Solutions developed in Northern Ireland are<br />
helping to fight the growing threat of<br />
cybercrime and protect businesses both at<br />
home and all over the world. One example of<br />
a ‘homegrown’ security solution is QRadar,<br />
developed at IBM’s Belfastbased QRadar Lab.<br />
QRadar integrates security functions that<br />
have traditionally been disparate, including<br />
including risk management, log management,<br />
network behaviour analytics and security<br />
event management.<br />
The result is a complete security intelligence<br />
platform, and the most advanced security<br />
intelligence and event management product<br />
available (SIEM). Using real –time analytics<br />
QRadar eliminates blindspots in your business<br />
environment, spotting anomalies that may<br />
otherwise have been missed.<br />
Alan McVey, Northern Ireland business<br />
development manager, Ward Solutions,<br />
In order to help businesses to protect<br />
against and respond faster to cyberattacks,<br />
Ward Solutions recently partnered with IBM<br />
Security to deliver the advanced QRadar<br />
Security Intelligence platform to companies<br />
throughout Northern Ireland and Ireland.<br />
Utilising this bestofbreed technology has<br />
allowed Ward Solutions to build a highly<br />
innovative Security Analytics and Incident<br />
Response service to help customers to protect<br />
against cybercrime.<br />
Advanced managed service solution<br />
As a nextgeneration managed service<br />
solution Ward’s QRadarbased SIEM offering<br />
provides businesses with 24/7 incident<br />
detection and response, giving early visibility<br />
and allowing them to respond quickly to<br />
incidents that may be occurring within their<br />
environment.<br />
The service is delivered from Ward<br />
Solutions’ stateoftheart Security Operations<br />
Centre, in which Ward invested £1M just last<br />
year. This pairing of cuttingedge software<br />
with the best and latest hardware<br />
infrastructure available can provide any<br />
business with the competitive edge on<br />
cybercrime.<br />
QRadar and Ward Solutions holistic<br />
information security model<br />
Ward Solutions’ QRadar SIEM offering is<br />
specifically designed to integrate with its<br />
holistic information security model. This<br />
innovative strategy is based on research<br />
conducted by Ward Solutions that found that<br />
traditional ‘preventative’ approaches to<br />
information security are flawed and<br />
ineffective in the face of the sophisticated<br />
techniques currently employed by<br />
cybercriminals.<br />
To tackle this, Ward developed the holistic<br />
model, which focuses less on traditional<br />
preventative forms of cybersecurity and more<br />
on the implementation and lifecycle of five<br />
key stages: identify, protect, detect, respond<br />
and recover.<br />
QRadar augments the ‘detect’ and ‘respond’<br />
phases of the lifecycle. <strong>First</strong>ly, it helps to<br />
dramatically reduce mean time to detection<br />
(MTTD) by monitoring thousands of events<br />
and detecting anomalies that are not easily<br />
spotted by security teams as they search<br />
through system logs. This in turn enables<br />
businesses to respond quickly and effectively<br />
to potential incidents, stemming the flow of<br />
information and minimising resultant<br />
financial and reputational damage.<br />
Information Security is a journey,<br />
not a destination<br />
Organisations typically spend five to eight<br />
per cent of their IT budgets annually on<br />
information security, often ineffectively.<br />
Availing of a managed security service such as<br />
Ward Solutions’ QRadar SIEM offering can<br />
help your organisation to make the most of its<br />
limited resources.<br />
As a combined solution, QRadar reduces<br />
cost of ownership, cost of deployment and<br />
cost of operation, while also providing more<br />
accurate data at a granular level than other<br />
separate systems. Increased visibility and<br />
centralised control will give your organisation<br />
the advantage it needs to effectively combat<br />
cyberattacks that could otherwise put your<br />
business at risk.<br />
As the most advanced solution of its kind,<br />
QRadar is a brilliant example of Northern<br />
Ireland’s rightful status as an information<br />
security hub. The fact that such a highly<br />
technical solution can be developed here<br />
highlights the level of talent on hand across<br />
the region, and is something that won’t go<br />
unnoticed by prospective employers and<br />
inbound multinationals. Further investment<br />
will allow Northern Ireland to continue to<br />
lead the charge in the fight against<br />
cybercrime.<br />
Ward Solutions is currently offering a select<br />
number of companies a chance to win a<br />
QRadar trial worth £2,700, so if you’re<br />
curious about how QRadar can help your<br />
business to thrive in an age of increasing<br />
security threats there’s never been a better<br />
time to get in touch. www.wardinfosec.co.uk<br />
50 www.businessfirstonline.co.uk
www.businessfirstonline.co.uk 51
CHRISTMAS<br />
The dos and dont's of the<br />
OFFICE CHRISTMAS PARTY<br />
W<br />
ith the office Christmas party season<br />
about to be in full swing, how do you<br />
survive the festive season without<br />
mishap?<br />
Tinsel, paper hats and cheap booze: the<br />
Christmas party season is underway<br />
Tinsel, paper hats and cheap booze: the<br />
Christmas party season is underway<br />
Dodgy dancing, loads of booze and loose<br />
lips: the office Christmas party is a minefield<br />
of potential embarrassing missteps and<br />
opportunities for demotion or getting fired.<br />
How do you go about navigating these<br />
treacherous waters? Here are dos and don'ts<br />
from some etiquette experts who know the<br />
proper way to behave. Whether you heed<br />
them is another matter...<br />
Stay away from office gossip<br />
Don’t gossip or spread rumours. Confessing<br />
your sins to colleagues or clients is never<br />
sensible.<br />
Keep small talk general. Be armed with a<br />
few social icebreakers, families, children,<br />
holidays.<br />
It’s far too easy to get caught up in the he<br />
said, she said conversations while having a<br />
good night with your colleagues.<br />
However, office gossip and alcohol is<br />
probably almost never going to end well. It’s<br />
best to stay away.<br />
Don’t drink too much<br />
The mistake that people make with office<br />
Christmas is that it is still a work event and I<br />
think a lot of people see it as, ‘Oh good, free<br />
booze, free food, well let’s be merry.’<br />
Okay you can let your hair down but you<br />
are still being judged and watched by your<br />
superiors and your actions are still<br />
accountable.<br />
The smarter people use the office Christmas<br />
party to present themselves in the best<br />
possible light as opposed to getting<br />
completely and utterly drunk.<br />
Know your limit and stick to it, even if the<br />
boss is getting absolutely trollied, it does not<br />
mean that it’s acceptable for you to do that<br />
yourself.<br />
Alcoholfuelled romance is often in the air<br />
at holiday season events: according to a poll<br />
52 www.businessfirstonline.co.uk<br />
by blinkbox 20pc of staff admit to having<br />
kissed a colleague and 14pc said they flirted<br />
with the boss. One in 50 said they had quit<br />
their job at the office party.<br />
Dress appropriately<br />
The Christmas party isn’t the place to wear<br />
that ‘a bit too’ slinky black dress, or that illfitting<br />
suit that’s been gathering dust in the<br />
back of your closet.<br />
Just make sure you know what the dress<br />
code is and stick to it. If you are really<br />
worried speak to other people in the office<br />
about what they are wearing.<br />
Don’t trap people in very long<br />
conversations<br />
An easy trap to fall into is that you find<br />
someone you like who you want to talk to and<br />
you stay with them for the entire evening.<br />
Well, that person probably wants to talk to<br />
other people and other people probably want<br />
to talk to that person.<br />
Try not to hog people, ten or 15 minutes is<br />
fine.”<br />
Don’t leave too early<br />
Always stay for a reasonable amount of<br />
time, especially if there is a sitdown dinner.<br />
Leaving early may look antisocial or<br />
unappreciative.<br />
In most cases, a lot of time and energy has<br />
been spent planning the Christmas party.<br />
Don’t leave after the first hour.<br />
The Christmas party is the ideal place to let<br />
your hair down and unwind after what’s most<br />
likely been a stressful year of work.<br />
Do attend<br />
Although your attendance is optional, it is a<br />
good idea to make an appearance.<br />
Even if you despise the thought of spending<br />
of a whole evening with the people you work<br />
with everyday, making an appearance shows<br />
that you are part of the team.<br />
They’re great for company morale, and<br />
sometimes a great night out is all that’s<br />
needed to turn work mates into real mates.”<br />
Mingle<br />
You should use the opportunity to talk to<br />
people in the office, perhaps that are higher<br />
up, who you have been desperate to talk to<br />
for the whole year and haven’t been able to.<br />
Use it to social network and to make a good<br />
impression, rather than thinking I am going to<br />
bond with my colleagues.<br />
That’s marvellous but you can do that in<br />
your own time, this is perhaps the time to go<br />
and impress the bosses.”<br />
Always have one hand free to shake<br />
people’s hand<br />
You need to ensure you have one hand free<br />
all the time, don’t have plate and glass, and if<br />
you are being sensible you will hold your<br />
drink in your left hand so you can still shake<br />
with your right.<br />
It just looks rude if you don’t shake hands.<br />
Hopefully your host will have the foresight to<br />
make sure there are plenty of surfaces<br />
available for people to put stuff on.<br />
If the party is being hosted by<br />
someone at work, bring a gift and<br />
send a thank you<br />
If you are going to somebody’s party make<br />
sure you turn up with a gift, it does not look<br />
good to be empty handed.<br />
Avoid flowers that are uncut because it<br />
gives the hostess a job as she has to then go<br />
and put them in water.<br />
It doesn’t have to be a big present, a box of<br />
chocolates or bottle of champagne is fine.”<br />
It is wellmannered to send a thankyou<br />
email the following day to bosses and those<br />
who helped organised the party.”<br />
Don’t leave people standing on their<br />
own<br />
If you find yourself stuck with someone<br />
terribly dull and you want to get rid of them,<br />
it is impolite to leave them on their own.<br />
What I would do is pair them off with<br />
someone else by saying, ‘You know I have just<br />
seen someone I must go and talk to but have<br />
you met soandso and introducing them to<br />
someone else before you escape.
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ON THE MOVE<br />
<strong>Business</strong> <strong>First</strong> celebrates your success<br />
[1] Kirsty Scott has been appointed a<br />
Solicitor in the Corporate, Banking and<br />
Finance Department with Cleaver Fulton<br />
Rankin. She joined Cleaver Fulton Rankin in<br />
June 2015 having worked previously as a<br />
Paralegal in Manchester, London and in<br />
Holywood, Co Down. She became a fully<br />
qualified solicitor in July 2016. Kirsty advises<br />
on corporate finance, banking and commercial<br />
law, acting for public sector bodies, financial<br />
institutions and businesses in Northern<br />
Ireland.<br />
[2] Stephen Goddard has been appointed as<br />
IT Consulatqant with P2V Systems. He will be<br />
focused on project work in a team of IT<br />
consultants. Projects can vary as they are<br />
tailored to the customer’s solution, such as<br />
deploying a new cloud infrastructure for a<br />
client to installing a new firewall. Previously<br />
Stephen worked for B9 Energy O&M Ltd<br />
where he provided end user support,<br />
infrastructure setup and maintenance<br />
services.<br />
1 2 3<br />
4 5 6<br />
7 8 9<br />
Belfastbased marketing communications firm<br />
ASG & Partners has announced the<br />
appointment of three new Directors to the<br />
company’s Board.<br />
[3]Valerie Ludlow will join the Board as<br />
Deputy CEO, following six years with the<br />
company, most recently heading up the<br />
agency’s advertising and digital marketing<br />
client service, as Director of Strategy.<br />
Also joining the ASG & Partners Board are its<br />
department heads, [4 ]Vicki Caddy, whose<br />
career with the PR division of the company<br />
spans over 20 years and who takes up the role<br />
of Director of PR; and [5]Emma Murray, who<br />
has led the Recruitment Advertising division<br />
for 6 years, and is now appointed as Director<br />
of ASG Recruitment.<br />
[6] Fenix Solutions would like to welcome<br />
Chris Higgins to their business development<br />
team. Chris comes from a business<br />
communications and sales background with a<br />
wealth of experience within the<br />
Telecommunications Industry, having spent<br />
several years working as an account executive<br />
for a leading UK telecommunications provider<br />
where he was responsible for numerous<br />
corporate account sales. He also has a wide<br />
range of experience in developing tailored<br />
communications solutions, as well as<br />
providing IP, Digital and hybrid telephone<br />
systems to various clients in both the public<br />
and private sectors throughout Northern<br />
Ireland.<br />
[7] Grant Thornton NI has appointed<br />
Anthony McKibbin as Associate Director,<br />
<strong>Business</strong> Risk Services. A Chartered<br />
Accountant with considerable experience<br />
delivering internal audit and business risk<br />
services to both the public and private<br />
sectors in Northern Ireland, the Republic of<br />
Ireland and Scotland, Anthony has led the<br />
delivery of services to clients in sectors such<br />
as health, education, environment,<br />
transport, energy and financial services.<br />
[8] Davy McGerrity has been appointed<br />
Senior Security Consultant at Cyphra. Davy<br />
will be responsible for advising on<br />
information security risk management and<br />
compliance matters such as ISO27001, UK<br />
Government security and supply chain<br />
security. Davy joins Cyphra from BT Global<br />
Services where he was Head of Security<br />
Transition within BT Security<br />
[9] Ashley Morrow has joined Jago<br />
Communications. Ashley has been appointed<br />
as a Senior Account Manager following ten<br />
years’ experience in the PR and<br />
Communications industry. She has worked<br />
across a vast array of external and internal<br />
communication areas locally, nationally and<br />
globally for companies such as Caterpillar<br />
and Liberty IT.<br />
As Senior Account Manager, Ashley is<br />
responsible for developing and leading<br />
creative PR and communications campaigns<br />
across the UK, Ireland and internationally, in<br />
line with core business objectives and<br />
priorities of clients.<br />
54 www.businessfirstonline.co.uk
THOUGHT LEADERSHIP<br />
Let’s talk about<br />
ENTREPRENEURSHIP<br />
by Sinead McLaughlin, chief executive, Londonderry Chamber of Commerce<br />
W<br />
e have a problem that we need to<br />
talk about. Enterprise. Quite simply<br />
we don’t have enough of it in<br />
Northern Ireland.<br />
Look at the statistics. The rate of early<br />
stage entrepreneurship in Northern Ireland<br />
according to the latest available figures is 6.7<br />
per cent. That compares to 9.1 per cent in<br />
England and 9.2 per cent in the Republic of<br />
Ireland. Surprisingly we exceed the rate in<br />
Scotland (5.4 per cent), while falling below<br />
that in Wales (7.1 per cent).<br />
But worse than that, the North West has the<br />
lowest rate in Northern Ireland – despite, or<br />
perhaps because of, the weak state of its<br />
economy and high unemployment and<br />
economic inactivity.<br />
While the rate in Mid Ulster is 6.6 per cent,<br />
in the Derry and Strabane council area it is a<br />
mere 4.2 per cent. This low level of<br />
entrepreneurship reinforces the weakness of<br />
our sub regional economy.<br />
While the proportion of women moving<br />
into entrepreneurship has risen, it is still<br />
disappointingly low at less than half the rate<br />
of men.<br />
Graduates in Northern Ireland are twice as<br />
likely as nongraduates to start their own<br />
business, which reinforces the argument of<br />
our Chamber that we need to increase<br />
undergraduate places.<br />
Culture is important.<br />
Knowing other people who have set up<br />
their own business can be vital. Self belief<br />
certainly is. There is a higher rate of<br />
entrepreneurship in some of our inward<br />
migrant communities than in the indigenous<br />
population.<br />
Fear of failure is another major factor, as is<br />
expectation of success: while a quarter of<br />
Northern Ireland’s nonentrepreneurial<br />
working age population in 2014 believed<br />
there were good opportunities for starting a<br />
business in their local area, the figure was<br />
36.8 per cent across the UK as a whole.<br />
The positive news, perhaps surprisingly, is<br />
that there has been much more training of<br />
school children and young adults in Northern<br />
Ireland to encourage them to consider<br />
running their own business than has been the<br />
case in the rest of the UK. For this, schools,<br />
colleges, universities and Invest NI deserve<br />
praise.<br />
Without a greater level of entrepreneurial<br />
activity it will be difficult to overcome two<br />
QUOTABLEQUOTE<br />
Without a greater level of<br />
entrepreneurial activity it will be<br />
difficult to overcome two other<br />
problems afflicting our economy: low<br />
productivity and low levels of<br />
exports.<br />
If our economy is merely servicing our<br />
own people without attracting<br />
revenues from elsewhere, then our<br />
population and businesses cannot<br />
generate wealth. Indeed, with the<br />
retail sector dominated by companies<br />
headquartered elsewhere, much of<br />
the locally earned income naturally<br />
migrates away from the city and<br />
region.<br />
other problems afflicting our economy: low<br />
productivity and low levels of exports.<br />
If our economy is merely servicing our own<br />
people without attracting revenues from<br />
elsewhere, then our population and<br />
businesses cannot generate wealth. Indeed,<br />
with the retail sector dominated by<br />
companies headquartered elsewhere, much<br />
of the locally earned income naturally<br />
migrates away from the city and region.<br />
The Brexit affect<br />
Brexit has added to the pressure to grow<br />
entrepreneurship. While the immediate<br />
negative impact of the referendum vote has<br />
been less than many feared, there are<br />
widespread reports that planned investment<br />
has been delayed or abandoned.<br />
Anecdotally we hear of businesses<br />
postponing investment decisions," admitted<br />
the Chancellor of the Exchequer Philip<br />
Hammond, discussing the Brexit impact on<br />
Radio 4’s Today programme. Given this<br />
predicted loss of inward investment, the<br />
focus on promoting entrepreneurship<br />
becomes even more important.<br />
When our former urban regeneration<br />
company Ilex commissioned an economy<br />
scoping exercise a few years ago, the shortage<br />
of entrepreneurship in and around the city<br />
was one of the issues raised by the<br />
consultants. Quite simply, if we are to<br />
economically transform our city in terms of<br />
wealth and job creation, then we must<br />
develop a culture and practice of enterprise.<br />
We in the Londonderry Chamber of<br />
Commerce are determined to do what we can<br />
to change the culture.<br />
Indeed, it will be a central theme of our<br />
activities over the next year. We have a series<br />
of workshops promoting entrepreneurship:<br />
looking at how to learn from others;<br />
observing best practice in innovation; how to<br />
lead; and being adaptable and flexible in<br />
business strategy. While we are short of new<br />
business entrepreneurs, Derry and the North<br />
West do have exciting, successful and<br />
growing businesses who are as keen as we<br />
are for others to learn from.<br />
But more than anything, we have to<br />
persuade people to become entrepreneurs. It<br />
is only by people having the ideas to start a<br />
business, to have the confidence to do so, the<br />
skills and the drive that our city and region<br />
will do well. We must all do better.<br />
56 www.businessfirstonline.co.uk
BEST PRACTICE<br />
Personal development is your<br />
key to success in business<br />
by Carol Magill, CIM Ireland<br />
I<br />
n today’s fastpaced, competitive business<br />
environment, business people can be so<br />
busy fighting fires and dealing with short<br />
term goals that opportunities for personal<br />
development can be pushed aside.<br />
We are all so “busy” all of the time,<br />
answering emails, keeping on top of our<br />
organization’s social media, and making sure<br />
day to day projects are completed on time<br />
and on budget. But if we don’t step back,<br />
assess our own knowledge and build on it,<br />
then we will fall behind.<br />
In this everchanging digital environment,<br />
the business world simply moves too quickly<br />
for any of us to stand still. This is true in all<br />
industries and is something that CIM feels<br />
should be a priority for all marketers.<br />
Those who don’t follow the latest<br />
innovations in the industry will be unlikely to<br />
react to new opportunities and challenges<br />
and may find that the businesses they<br />
represent are losing out to more savvy<br />
competitors.<br />
To reflect changes in the industry, CIM<br />
(The Chartered Institute of Marketing) has<br />
recently made updates to its own continuing<br />
professional development (CPD) programme.<br />
MyCPD is a new online platform that<br />
enables members to do everything online<br />
from identifying what new skills they need to<br />
submitting their annual CPD record.<br />
It includes a directory of the learning and<br />
development resources available from CIM<br />
from professional qualifications, training<br />
courses to articles and webinars– everything<br />
to keep on top of the rapid changes in the<br />
industry.<br />
CIM continues to recognize those who<br />
consistently seek to improve their knowledge<br />
by awarding the Chartered Marketer status,<br />
which recognizes those marketers achieving<br />
the highest level in their profession.<br />
It demonstrates commitment to keeping up<br />
to date and is awarded on a combination of<br />
experience, qualifications and ongoing<br />
learning.<br />
I spoke to one of Northern Ireland’s<br />
Chartered Marketers about the new<br />
programme and the benefits of having<br />
Chartered status. She has welcomed the<br />
changes, which she believes will make CPD<br />
more streamlined and userfriendly.<br />
Nicola McCleery is Head of Marketing and<br />
Sponsorship at Danske Bank UK and has over<br />
18 years of marketing experience.<br />
She is enthusiastic about CIM’s new MyCPD<br />
programme: “Not only have the changes to<br />
the Chartered programme revitalised the<br />
award, but changes to the recording system<br />
and submission timings mean that the<br />
programme is more bespoke, user friendly<br />
and flexible, allowing members even more<br />
time to advance.<br />
“CIM’s development framework has<br />
enabled me to keep my skills up to date, be a<br />
good role model for my team and to feel<br />
energised that I am maintaining a competitive<br />
advantage over others through my ongoing<br />
studies.”<br />
Having achieved Chartered status for over<br />
two years, she fully recognises the benefits of<br />
achieving and maintaining this professional<br />
standard. She says that Chartered status acts<br />
as tangible evidence that you, as an<br />
individual, are committed to being the best in<br />
your industry.<br />
“Our accelerating world means that<br />
marketers have to work harder than ever to<br />
be relevant, add value to consumers’ lives and<br />
be able to champion the customer’s voice in<br />
our respective organisations.<br />
“The CIM CPD framework on which<br />
Chartered Marketer status is based enables<br />
me to identify, plan and fulfil any gaps within<br />
my marketing knowledge; it makes me<br />
accountable that the new knowledge I have<br />
acquired is being applied to improve my<br />
marketing capabilities and helps ensure that I<br />
strike the right balance of core and technical<br />
standards required to carry out my marketing<br />
role successfully.<br />
“Maintaining your Chartered status also<br />
nurtures your ongoing relationship with CIM<br />
and all the associated benefits such as access<br />
to a wide range of marketing knowledge,<br />
expert support and, for me, our local<br />
marketing community. However, the single<br />
most important benefit is the personal<br />
payback at the end of each CPD year, when I<br />
take stock of my new skills and assess how<br />
they have benefited my ability to do an even<br />
better marketing job and bring value to my<br />
organisation.”<br />
To find out more about becoming a Charter<br />
Marketer go to:<br />
www.cim.co.uk/charteredmarketer<br />
58 www.businessfirstonline.co.uk
When Mona Lisa is looking at your laptop<br />
The province’s only accredited and award-winning matchmaking company, Soirée Society NI, can confirm what we all suspected – Work<br />
can get in the way of Love! Founding owner and professional matchmaker Claire Hughes explains more…<br />
M<br />
any of my clients, particularly men,<br />
blame long working hours for the lack<br />
of love and romance in their lives.<br />
And ironically the lack of a partner leads<br />
them to undertake more work than they<br />
would otherwise wish to tackle.<br />
In my earlier career in Banking, I recall that<br />
my first training course when I was promoted<br />
to Bank Manager was a talk with the<br />
interesting title 'There is no Tonight'.<br />
A senior manager talked about the<br />
importance of work/life balance and advised<br />
us on good time management techniques.<br />
One of the things I remember most was his<br />
advice that when faced with a heavy<br />
workload and multiple tasks it was best to<br />
focus and complete the most important things<br />
first.<br />
He said many people fell into the bad habit<br />
of doing the small less important things first<br />
and often consigned the larger more<br />
important tasks to the brief case to be done<br />
'tonight' extending the working day and<br />
leaving little time for relaxation, friends,<br />
family and romance.<br />
I remember him saying that a laptop<br />
wouldn't keep you warm in bed on a cold<br />
winter’s night or be a good companion in<br />
your old age!<br />
Despite the advice, I too was often seen<br />
carrying home the briefcase bulging with<br />
important lending applications that I<br />
intended to complete 'tonight'.<br />
Without being irreverent, it came to the<br />
point that I gave my briefcase a name and<br />
referred to it as 'the Sacred Heart of Jesus'<br />
because just like the holy picture that<br />
adorned so many Catholic homes at the time,<br />
(or alternatively think of the Mona Lisa) it<br />
gave the impression that the eyes moved and<br />
followed you no matter where you were in<br />
the room.<br />
So in addition to the already busy and long<br />
working day, I could feel the 'eyes' of my<br />
briefcase glaring at me (even if in another<br />
room) making me feel guilty if it was left<br />
unopened. It stressed me out if those big<br />
important tasks didn’t get done that night as I<br />
would be in arrears the following day even<br />
before it started.<br />
The situation certainly wasn’t conducive to<br />
a healthy work/life balance.<br />
Now as a professional Matchmaker, I<br />
interview many unattached professionals<br />
who are similarly 'married' to their<br />
work/careers.<br />
It's often the 'chicken and egg' situation of<br />
having a long day travelling and being too<br />
busy with work to have the time or the<br />
energy to date and find a partner. It is also the<br />
case where people state that the reason for<br />
the breakup of their marriage or relationship<br />
was due to one or both of the partners<br />
prioritising work over spending quality time<br />
together.<br />
It is also clear that not allowing adequate<br />
time for the important things in life, like<br />
relaxation, relationships, friends, family,<br />
nutrition, health and fitness leads to a decline<br />
in quality of work as the pressure mounts and<br />
stress leaves people less focused and less<br />
effective.<br />
I find it is most prevalent with men, as they<br />
tend not to have as large a circle of friends as<br />
women and don’t have the same<br />
opportunities to go out socially or to have<br />
someone to talk to about how they are<br />
feeling.<br />
In addition, many of the same people who<br />
are too busy for love also find that being<br />
single leads to them taking on additional<br />
work, which creates a vicious circle as often<br />
more is expected of them, leading to even less<br />
time for the relationship they long for.<br />
It's great to know the theory but not that<br />
easy to put into practice! To break a habit and<br />
to step of the wheel requires not only change<br />
but most importantly a reason to change.<br />
For me it was to leave the briefcase at work<br />
and to spend the time connecting with family<br />
and friends and on more healthy outdoor<br />
activities like walking the dogs.<br />
I found I was less stressed, healthier, slept<br />
better and became more productive at work<br />
as it made me focus and prioritise the most<br />
important things while in the office, and the<br />
even more important things when away from<br />
work.<br />
It has been wonderful to work with some of<br />
our clients to be the spanner in the works as<br />
it were – helping them to reflect on better use<br />
of their time out of the workplace, and<br />
matching them with someone able to bring<br />
about the positive change they were seeking<br />
in their life.<br />
It’s a bit like people outsourcing work that<br />
is going to bring about an improvement in<br />
their situation where someone else is going to<br />
work with you and for you – e.g. hiring a<br />
personal trainer to improve health and<br />
fitness, employing an accountant to save time<br />
and ensure you benefit fully from tax<br />
allowances.<br />
We work with and for our clients to help<br />
find them that compatible partner to bring<br />
love and romance into their lives giving<br />
them that reason to work less and live more.<br />
We’re what you could call a recruitment<br />
agency for relationships, helping people to fill<br />
that vacancy in their lives and allowing our<br />
clients to have a more appealing pair of eyes<br />
following them around the room in the<br />
evening!<br />
Soirée Society are also planning some<br />
exciting singles events, see Facebook and<br />
Website and Twitter for details<br />
soireesocietyni and<br />
@soireesocietyni<br />
For more information,please visit<br />
www.soireesocietyni.co.uk<br />
www.businessfirstonline.co.uk<br />
59
INSURANCE<br />
Towergate Insurance Brokers joins<br />
push to protect SMEs from<br />
underinsurance risks<br />
owergate Insurance in Northern<br />
Ireland has joined an industry<br />
push to warn SME Twide owners<br />
that they could be at risk of<br />
underinsurance.<br />
The issue could affect up to 80 per cent<br />
of business owners, who could receive<br />
far less than they need to restore their<br />
business when they need to make a<br />
claim, leading to potentially devastating<br />
results.<br />
Towergate is today issuing advice for<br />
business owners who could have false<br />
confidence in their policies, highlighting<br />
issues such as the absence of business<br />
interruption cover or uptodate risks<br />
like cyber attacks.<br />
An alarming degree of<br />
underinsurance<br />
According to a study conducted by the<br />
Building Cost Information Service, part<br />
of the Royal Institution of Chartered<br />
Surveyors, up to 80% of small<br />
businesses in the UK could be without<br />
adequate cover.<br />
The Financial Conduct Authority’s<br />
study in claims made by SMEs * found<br />
what it termed a “significant number of<br />
instances” of cover being too low. Some<br />
20 per cent of the claims over £5000<br />
which it examined did not provide<br />
enough cover for the actual loss the<br />
business had suffered.<br />
The British Insurance Brokers Association<br />
has described the situation “an alarming<br />
degree of underinsurance.”<br />
Commercial property owners are also<br />
thought to be underestimating the cover they<br />
require by a considerable amount. A study of<br />
underinsured businesses in 2015 revealed<br />
that more than four out of five underinsured<br />
their commercial property by an average of<br />
£486,000. **<br />
Meanwhile government has found that only<br />
37per cent of businesses have some form of<br />
cyber security insurance ***, despite the fact<br />
that twothirds of large UK businesses had<br />
been hit by a cyber breach or attack in the<br />
past year.<br />
The average cost of a cyber attack to a<br />
business with more than 250 employees in<br />
the UK is some £36,500 with the most severe<br />
attacks costing millions. For smaller<br />
businesses of between 50 and 249 staff, the<br />
average cost of a cyber breach was £847.<br />
Advice from Towergate<br />
Worried you’re underinsured? Towergate<br />
has issued these five pieces of essential<br />
advice for SMEs on how to protect themselves<br />
from risk.<br />
Get your business assets valued by a<br />
professional appraiser<br />
It costs more to pay for a formal evaluation,<br />
but it’s crucial to get rid of any room for<br />
mistakes on your policy. Towergate<br />
Insurance Brokers can assist with<br />
introductions to a professional valuation<br />
company.<br />
Check your insurance policy is up<br />
to date especially if your<br />
property has been altered<br />
Make sure your premises is<br />
insured for its full uptodate sum<br />
of a rebuild cost, not its original<br />
market value.<br />
Account for any extra fees for<br />
reinstatement<br />
This includes paying architects<br />
and planning experts, site<br />
clearance, or the need for heavy<br />
plant machinery.<br />
Remember to update the total<br />
worth of your asset<br />
If you have higher stock levels,<br />
new equipment or additional<br />
locations since you began trading,<br />
be sure this is added to your policy.<br />
Review your existing business<br />
interruption cover and ensure<br />
you discuss adding this cover<br />
urgently, should you not have<br />
any<br />
One in five SMEs surveyed said<br />
they had problems getting back to<br />
normal business trading after a<br />
disruption, but fewer than a third<br />
had business interruption cover.*<br />
Factoring in planning permission,<br />
rebuild time, sourcing specialist<br />
equipment and the time it takes to<br />
win back customers, Towergate<br />
recommends business interruption cover of<br />
at least 24 months.<br />
“As one of the biggest corporate and SME<br />
insurance brokers in the UK, we understand<br />
the devastating consequences an inadequate<br />
policy can have on an SME,” says Hugh<br />
McKinty, Area Managing Director (Towergate<br />
Dawson Whyte). “If you’re not sure if your<br />
existing insurance covers all your assets, we<br />
can recommend professional valuation<br />
experts and help you take stock through our<br />
trusted local team and network of experts.”<br />
60 www.businessfirstonline.co.uk
Deep RiverRock Belfast City Marathon<br />
registration now open!<br />
E<br />
ntries are already coming in for the 36th<br />
Deep RiverRock Belfast City Marathon<br />
following the successful 4th Deep<br />
RiverRock Belfast City Half Marathon which,<br />
started and finished at Ormeau Park, just over<br />
two weeks ago with 3,000 competitors.<br />
The 2017 Full Marathon event will be held<br />
on May Day Bank Holiday, 1st May 2017 and<br />
was launched this morning (Tuesday 4th<br />
October) by David Seaton, Chairman of the Deep<br />
RiverRock Belfast City Marathon at the new<br />
Mencap Centre, Belfast, home of Mencap NI, the<br />
official charity partner of this year’s race.<br />
Technical Race Director, David Seaton said<br />
“In the past number of years, we have seen<br />
our participant numbers grow as there has<br />
been a resurgence of running in the local<br />
community and further afield.<br />
“Whether it is the full marathon distance or<br />
a leg in the relay event, many more people are<br />
signing up to get involved and more<br />
importantly get fit.”<br />
“Following the success of our secondary<br />
event, the Deep RiverRock Belfast City Half<br />
Marathon on the 18th September 2016, we<br />
are confident that entries for the Main<br />
Marathon Run will increase, as entrants will<br />
want to push themselves to tackle the<br />
26.2mile distance and set themselves a goal.”<br />
Assisting the Chairman to launch the 2017<br />
event at the new Mencap Centre, Lord Mayor<br />
of Belfast, Councillor Brian Kingston said: “36<br />
years ago Belfast City Council took the<br />
decision to stage the first Belfast City<br />
Marathon and, over the intervening years, the<br />
event has gone from strength to strength.<br />
When other marathons fell by the wayside,<br />
Belfast continued to grow.<br />
“Now, with the resurgence of interest in<br />
running – especially as a free and efficient<br />
way of getting and staying fit – we are<br />
benefiting from record entry numbers each<br />
and every year.”<br />
“While the marathon is undoubtedly a<br />
serious business, especially for competitive<br />
runners, it is also about having fun and<br />
enjoying yourself – whether you are a serious<br />
runner, or taking part in the relay with a team<br />
of friends or just cheering the runners along.<br />
“Belfast, quite rightly, is regarded as one of<br />
the world’s friendliest marathons, and<br />
runners from near and far are always<br />
encouraged by the warmth of the support<br />
they find in all four corners of our city.<br />
“Once again, I would urge the people of<br />
Belfast to turn out and support the runners<br />
on May Day – whether it be by offering a glass<br />
of water or a slice of fruit, or merely an<br />
encouraging word,” concluded Councillor<br />
Kingston.<br />
In addition to the Deep RiverRock Belfast<br />
Miss Northern Ierland, Lord Mayor Councillor Brian Kingston and Olympian Kerry O’Flaherty<br />
encourage people to hurdle to the finish line<br />
City Marathon being the biggest single<br />
participatory sporting event in Northern<br />
Ireland, it is also one of the biggest<br />
fundraising events, with almost every runner<br />
or walker taking part to benefit charity.<br />
“I’m delighted to announce that, in 2017,<br />
we will again be supporting the magnificent<br />
work of Mencap, as our officially nominated<br />
charity,” announced David Seaton.<br />
Margaret Kelly, Director of Mencap in<br />
Northern Ireland, said; “We are so excited to<br />
once again be the official charity partner for<br />
the Deep RiverRock Belfast City Marathon.<br />
“Last May we raised an amazing £125,000<br />
and we are calling on everyone across<br />
Northern Ireland to help us raise even more<br />
in 2017.“<br />
You don’t have to be a champion runner to<br />
take part on Marathon Day – anyone can get<br />
involved, whether that’s signing up a relay team<br />
or bringing the kids along to the Fun Run. No<br />
matter what the event, we encourage everyone<br />
to run or walk in aid of Mencap this year.”<br />
Margaret continued “Funds raised from the<br />
marathon will go toward a number of<br />
initiatives including our soontobelaunched<br />
Family Support Programme, which will<br />
provide bespoke, oneonone guidance for<br />
families with a young child with a learning<br />
disability.<br />
“This innovative initiative is a first for our<br />
charity and we are launching it this autumn<br />
thanks to the money raised by the marathon.<br />
However, we still need funds to help us<br />
extend this programme over the next few<br />
years and reach even more children and<br />
families who urgently need our help.<br />
“We encourage everyone to ‘Step up for<br />
Mencap’ this year and we can’t wait to see<br />
everyone on Marathon Day!”<br />
Also celebrating the 11th year as title sponsor,<br />
Deep RiverRock’s Sponsorship Manager, Rob<br />
Crabbe said: "As Northern Ireland’s favourite<br />
water brand with its roots in Tullynacross, Co.<br />
Antrim, Deep RiverRock is delighted to continue<br />
its long standing partnership with Belfast City<br />
Marathon in 2017.<br />
“With a shared vision to encourage more<br />
people to lead active and hydrated lifestyles,<br />
Deep RiverRock’s partnership with Belfast<br />
City Marathon is a perfect fit. Deep RiverRock<br />
is proud to be associated with such a world<br />
class event that resonates so well with the<br />
local community and as a company we are<br />
honoured to have played a part in the success<br />
of what is now a key event in Northern<br />
Ireland’s sporting calendar.”<br />
David continued, this year are giving<br />
participants an option of receiving their packs<br />
via post (standard or special service) or at<br />
one of the many race pack collection dates,<br />
which can be found on<br />
www.belfastcitymarathon.com.<br />
This will enable us to ensure everyone<br />
receives their pack ahead of time allowing<br />
participants to dedicate 100% to their final<br />
few weeks of training and preparation. On<br />
completion of the event all entrants will<br />
receive their new finisher’s pack containing<br />
their race tshirt and a number of goodies.<br />
“We are delighted with these plans for Race<br />
Day as it sees us fitting in line with other<br />
main races in the UK and Europe. We want to<br />
create a celebrative atmosphere on Race Day<br />
with the assistance of all our sponsors and<br />
official charity, so will be making the<br />
entertainment at the finish area bigger and<br />
better, an event not to be missed.” David<br />
Seaton commented<br />
Entries now open at<br />
BelfastCityMarathon.com<br />
www.businessfirstonline.co.uk<br />
61
THOUGHT LEADERSHIP<br />
In the midst of Brexit is it time to<br />
rethink business support<br />
in Northern Ireland?<br />
asks Andrew Webb, an independent economist and Managing Director of Webb Advisory Ltd<br />
I<br />
’ve followed and supported the calls for a<br />
Corporation tax reduction in Northern<br />
Ireland for over a decade. And whilst I<br />
haven’t wavered in supporting a reduced NI<br />
rate of Corporation tax, I have started to<br />
wonder if it could be used in a different, more<br />
targeted way.<br />
My thinking here has begun to crystallise<br />
since Brexit, and questions over whether<br />
inward investors will want to come to<br />
Northern Ireland if we leave the single<br />
market.<br />
I also recently conducted research for<br />
NICVA, looking at the range of financial<br />
supports that are currently available to<br />
businesses in Northern Ireland, and just how<br />
effective this support is.<br />
It will come as no surprise that there are<br />
significant levels of business support<br />
provided from public funds. Some estimates<br />
suggest there are 2,000 business support<br />
programmes and 200 providers.<br />
These range from business start<br />
programmes, support for exporting, grants<br />
for undertaking research, leadership<br />
programmes, green energy programmes or<br />
grants for locating here.<br />
On top of that, the tax code is a maze of<br />
capital gains tax reliefs, investor reliefs<br />
business owner taxes and allowances, etc.<br />
How effective are our support<br />
programmes?<br />
From my research, it’s clear that the focus<br />
of business support interventions is, rightly,<br />
on programmes that align to Northern<br />
Ireland’s economic ambitions of a more<br />
innovative, outward focussed economy.<br />
In and of themselves, they can all claim<br />
some success and yet we still don’t create as<br />
many local businesses as other UK regions<br />
and we remain less productive than other<br />
regions.<br />
That said, the needs of businesses and<br />
awareness of supports have been assessed<br />
through a recent comprehensive study<br />
undertaken by Ulster University on behalf of<br />
the Federation of Small <strong>Business</strong>es Northern<br />
Ireland.<br />
Across 200 businesses, the study queried<br />
the barriers and obstacles impacting on<br />
growth and what role government could play<br />
in addressing these barriers.<br />
Almost half of respondents noted that cash<br />
flow/getting paid was the biggest obstruction<br />
to growth while profit taxes and competition<br />
made up the rest of the top three.<br />
Twenty seven per cent of respondents<br />
noted a lack of suitable business support as<br />
being a significant barrier to their business<br />
success.<br />
Several consultees in my research noted<br />
that there is far too much support but that<br />
small businesses do not know where to look<br />
for it.<br />
Indeed, the FSB/Ulster University survey<br />
found that one in ten survey respondents did<br />
not know where to seek support.<br />
What are the gaps in support?<br />
There was a broad consensus that topics<br />
such as R&D and export have been a focus of<br />
business support.<br />
A contrasting view offered during my<br />
research was that there is a gap in provision<br />
in the startup capital stage and at the<br />
growth/scale up stage.<br />
What’s clear from this research is that there<br />
will be an ever present need for people who<br />
wish to start, grow or maintain their business<br />
to need external advice and support to assist<br />
them.<br />
Government has an important role to play<br />
to not only deliver but to enable, provide<br />
information, improve ease of access to nongovernment<br />
support and address market<br />
failures.<br />
Is it time to overhaul our business start<br />
support?<br />
People moving from employment to selfemployment<br />
often do not have sufficient<br />
savings to see them through the initial<br />
trading period or being able to make the<br />
initial investment required to establish.<br />
So, two potential policy responses suggest<br />
themselves here as a means to overcoming<br />
these hurdles and contribute to Northern<br />
Ireland’s policy ambition to be a more<br />
entrepreneurial economy.<br />
The Startup Refunds for Entrepreneurs<br />
(SURE) is a tax relief incentive in Ireland<br />
where new business owner operators can<br />
apply for an income tax refund on up to<br />
€100,000 of income in the previous six years<br />
to the value of the investment made in<br />
establishing their business<br />
In addition, Startup Company Relief<br />
provides relief from corporation tax for new<br />
startups for the first three years of trading.<br />
QUOTABLEQUOTE<br />
I also recently conducted<br />
research for NICVA, looking at<br />
the range of financial supports<br />
that are currently available to<br />
businesses in Northern Ireland,<br />
and just how effective this<br />
support is. It will come as no<br />
surprise that there are<br />
significant levels of business<br />
support provided from public<br />
funds. Some estimates suggest<br />
there are 2,000 business support<br />
programmes and 200 providers.<br />
As with all taxes, there are eligibility<br />
criteria and exemptions but if Northern<br />
Ireland’s policy aim is to create a more<br />
entrepreneurial, private sector led economy,<br />
this may well be as effective, or more<br />
effective, than reducing the headline rate of<br />
corporation tax to 12.5 per cent.<br />
Andrew Webb is an independent economist<br />
and Managing Director of Webb Advisory Ltd,<br />
an economic research advisory practice based<br />
in Belfast, specialising in sector studies,<br />
appraisals and impact assessments.<br />
62 www.businessfirstonline.co.uk
FAMILY FRIENDLY AWARDS<br />
Belfast Trust is Northern Ireland’s<br />
most family friendly employer<br />
T<br />
his year’s most family friendly employer<br />
in Northern Ireland is the Belfast Health<br />
and Social Care Trust. The organisation<br />
scooped the award amid a field of more than<br />
40 entries.<br />
The Belfast Trust employs more than<br />
22,000 staff and is one of the largest such<br />
trusts in the UK.<br />
Marie Marin, CEO of Employers For<br />
Childcare, says winning the overall award is a<br />
tribute to the dedication of the trust to its<br />
employees.<br />
“We are delighted by the Belfast Trust’s<br />
achievement,” says Ms Marin. “The judges<br />
faced a tough challenge as this year the field<br />
was tighter than ever. This in itself illustrates<br />
the degree to which employers are now<br />
committing to the highest possible standards<br />
and conditions of employment for staff with<br />
caring responsibilities, allowing them to<br />
strike a realistic and sustainable worklife<br />
balance.”<br />
Northern Ireland’s Family Friendly<br />
Employers’ Awards have revealed an ever<br />
growing number of firms and organisations<br />
who have faced the diversity and equality<br />
challenges in the work place head on by<br />
providing their employees with the best<br />
possible work life balances.<br />
In its sixth year, the Awards show the<br />
commitment being made by a broad range of<br />
small enterprises, public sector organisations<br />
and larger private sector companies to<br />
accommodate its employees.<br />
“Firm and organisations across Northern<br />
Ireland are increasingly aware of the need to<br />
make their places of work as family friendly<br />
as possible,” says Ms Marin.<br />
“It’s not just about being a decent employer;<br />
it makes commercial sense and secures the<br />
loyalty of staff better than many other<br />
incentives.”<br />
The Family Friendly Employers Awards<br />
were secured in five different categories. The<br />
winners of each category are listed below:<br />
Public Sector Organisation of the Year:<br />
Belfast Health and Social Care Trust<br />
Highly Commended: Armagh City<br />
Banbridge & Craigavon Borough Council<br />
Education Sector Organisation of the<br />
Year:<br />
Queen’s University Belfast<br />
Highly Commended: Aisling Daycare &<br />
After School<br />
Small Medium Enterprise of the Year:<br />
Aisling Daycare & After School<br />
Highly Commended: Progressive Building<br />
Society and Catalyst Inc.<br />
Large Private Company of the Year:<br />
Allstate<br />
Highly Commended: Lagan Construction<br />
Group<br />
Social Enterprise/Charity of the Year:<br />
MACS<br />
Highly Commended: Northern Ireland<br />
Hospice<br />
www.businessfirstonline.co.uk<br />
63
BUSINESS IN COMMUNTY<br />
Taking your seat on the board…..<br />
nterested in getting involved with a<br />
cultural/arts organisation? Interested in<br />
Itaking the leap into the world of creativity<br />
and sharpening your business skills?<br />
Then Arts & <strong>Business</strong> Northern Ireland<br />
Board Matching Programmes could be for<br />
you. The programme has two initiatives: <br />
Board Bank and Young Professionals on Arts<br />
Board which place professionals from the<br />
corporate world onto the boards of arts<br />
organisations to enhance the development of<br />
both.<br />
These programmes place seasoned<br />
executives, strategic thinkers and young<br />
professionals (2130 yrs.), from local<br />
businesses onto the Boards of local arts<br />
organisations and help support cultural<br />
leaders.<br />
The benefit is mutual – the new Board<br />
members develop their leadership skills in a<br />
different environment, while the arts<br />
organisation taps into the specialist skillset of<br />
their newest member.<br />
Ryan Cornett, Associate Director,<br />
Investment Management, Cunningham<br />
Coates, shares his experience of participating<br />
on A&B NI’s Professional Development<br />
Programme and his involvement as Treasurer<br />
on the board of the John Hewitt Society.<br />
“I chose to get involved with the local arts<br />
sector as opposed to another voluntary<br />
position in a different sector because I have<br />
always had a personal interest in the arts.<br />
“However, after hearing more about how I<br />
could make a difference within the sector at a<br />
local Arts & <strong>Business</strong> NI event, I realised that I<br />
should get involved and wanted to find out<br />
how I could help.<br />
“I feel that it is important that the arts<br />
sector thrives and I am happy to play any<br />
small part that I can.<br />
“I first heard about Arts & <strong>Business</strong> NI’s<br />
Professional Development Programme<br />
through a colleague from the office who<br />
participated in the Young Professionals on<br />
Arts Boards initiative and he found it really<br />
beneficial. I then attended a few local events<br />
to hear a bit more and was thoroughly<br />
impressed.<br />
“Before taking on a board position, I felt<br />
that it was important to be fully informed of<br />
all the relevant information, such as the scope<br />
of my duties and responsibilities.<br />
“I really appreciated the information that<br />
was imparted to me on the training courses<br />
and it has helped me to effectively carry out<br />
my role now that I have a place on a board.<br />
“I have been on the board of the John<br />
Hewitt Society for almost two years now and<br />
I hold the position of Treasurer.<br />
“I am enjoying the experience so much that,<br />
if time allows, I hope to be able to consider an<br />
additional board position in the future.<br />
64 www.businessfirstonline.co.uk<br />
“As an individual there has been positive<br />
benefits participation on the programme and<br />
subsequent placement on an arts board has<br />
had for me.<br />
“Having completed the training programme<br />
I feel much better equipped to play an active<br />
role on a board, confidence in knowledge and<br />
abilities plays a big part in effectively<br />
participating around a board table.<br />
“I feel that my background in finance has<br />
helped not only with the numbercrunching,<br />
but also in terms of bringing some more<br />
structure and helping to formalise the<br />
business practices of the organisation.<br />
“Participation on the Young Professionals<br />
on Arts Boards initiative and in turn the<br />
introduction to the John Hewitt Society has<br />
had positive benefits for my career. Not only<br />
have I acquired new skills, but I have also met<br />
lots of new people and made some fantastic<br />
contacts.<br />
“As a young professional who hopes to<br />
eventually have a seat at the board table in<br />
my day job, I also feel that having some real<br />
‘hands on’ board experience is an invaluable<br />
asset.”<br />
Many local business individuals advocate<br />
the participation on A&B NI’s Professional<br />
Development Programme to include several<br />
different sectors, the quotes below showcase<br />
the positive benefits and returns gained by<br />
volunteering on an arts board.<br />
“It is all too easy to underestimate the work<br />
done in the Arts and their impact on our lives,<br />
environment, and community. The sector<br />
relies on folk from all backgrounds and<br />
experiences volunteering for positions on<br />
boards to support our local organisations. I<br />
have served on an Arts charity board for over<br />
a year and have been able to provide some of<br />
my expertise as an accountant while gaining<br />
great experience at board level and learning<br />
much about the vibrant sector and the artists<br />
here. It is a great way to widen your<br />
experience, raise your profile while<br />
contributing to the arts community.” James<br />
Fair, chartered accountant, Harbinson<br />
Mulholland<br />
“When you join the Board of an arts<br />
organisation, you are essentially joining an<br />
SME, even though it isn’t focused on profit.<br />
You may learn about marketing, debt<br />
management, social media, recruitment, local<br />
politics, fundraising, leadership, collective<br />
responsibility, public procurement… but you<br />
will definitely learn a lot about yourself.”<br />
David Hill, director, Hill <strong>Business</strong> Growth<br />
Consultants Ltd<br />
“Does Arts & <strong>Business</strong> NI work? The answer<br />
is yes, our business has been working with<br />
A&B NI for eight years and it ticks all the<br />
boxes. Do you want to develop your staff? Do<br />
you want to train them? Do you want to<br />
brand and market your business whilst<br />
getting your name out into your market<br />
place?<br />
“Then you need to work with Arts &<br />
<strong>Business</strong> NI and integrate the arts into your<br />
business. Our creative journey has been an<br />
eye opener for our business and I highly<br />
recommend getting involved now. The<br />
programmes are amazing and the results are<br />
second to none.“ David McClurg, practice<br />
manager, Edwards & Company, Solicitors<br />
Registration now open for 2016/2017<br />
Professional<br />
Development<br />
Programme both Board<br />
Bank and Young<br />
Professionals on Arts<br />
Boards. To find out how<br />
to get involved contact<br />
Arts & <strong>Business</strong> NI, T: 028 9073 5150,<br />
www.Artsand<strong>Business</strong>NI.org.uk
2016 Responsible<br />
<strong>Business</strong> Summit<br />
The Big<br />
Education<br />
Debate<br />
Pictured (from left to right): Thom Kenrick, Head of Community Programmes, Royal Bank of Scotland;<br />
Richard Donnan, Head of Ulster Bank in Northern Ireland; David Knott, Safety and Environmental<br />
Manager, Belfast Harbour; Gillian McKee, Deputy Managing Director, <strong>Business</strong> in the Community; Nick<br />
Coburn, Northern Ireland Chamber of Commerce; John Brolly, Marketing Manager, Irish News; Jorge<br />
Lopes, Country Director Diageo Northern Ireland.<br />
H<br />
undreds of business people gathered at<br />
Belfast Waterfront Hall on Wednesday<br />
5 October for ‘Tomorrow’s World’<br />
Responsible <strong>Business</strong> Summit.<br />
The event, sponsored by Ulster Bank, was<br />
<strong>Business</strong> in the Community’s third major<br />
conference in Northern Ireland. It explored<br />
the challenges and opportunities that<br />
businesses will face in ‘Tomorrow’s World’,<br />
and looked at how local firms can plan<br />
responsible and sustainable approaches to<br />
meet those challenges.<br />
Hosted by Financial Journalist and<br />
Broadcaster, Declan Curry, the event featured<br />
over 40 leading speakers and thinkers from a<br />
wide range of backgrounds. The day began<br />
with an exclusive CEO Breakfast Forum,<br />
delivered in partnership with the CBI. Over 80<br />
Chief Executives attended to explore the<br />
‘Question of Trust’ ahead of the main<br />
conference. More than 250 delegates were<br />
then given an insight into the key trends and<br />
megatrends predicted to impact on business<br />
in the next decade and beyond through a<br />
mixture of plenary and workshop sessions.<br />
<strong>Business</strong> in the Community’s Deputy<br />
Managing Director, Gillian McKee said: “In a<br />
world that is constantly evolving, it is vital<br />
that local organisations are ready and able to<br />
grasp opportunities as and when they arise.<br />
Anticipating the future isn’t easy, particularly<br />
as technological developments and changing<br />
business models continue to transform the<br />
business landscape at a tremendous rate.<br />
“This Summit provided the perfect platform<br />
for business people to discuss and debate the<br />
prospects and challenges that lie ahead, and<br />
consider how they can adapt to be sustainable<br />
and thrive in the future.<br />
“Events like this are the ideal opportunity<br />
for businesses to come together and learn, not<br />
only from leadingedge thinkers and<br />
speakers, but also from each other. I hope<br />
everyone found the event valuable and<br />
inspiring.”<br />
Richard Donnan, Ulster Bank’s Head of<br />
Northern Ireland, said: “We’re very pleased to<br />
support the Responsible <strong>Business</strong> Summit as<br />
a forum for engagement, new ideas and lively<br />
discussion about how business can innovate,<br />
adapt and thrive in a changing environment.<br />
“It’s a great opportunity for businesses to<br />
understand that a large part of their license to<br />
operate comes from their local communities,<br />
and the need to genuinely listen and engage in<br />
dialogue so that they can sustain themselves<br />
over the longterm.”<br />
The Summit was supported by a range of<br />
leading organisations, including ASDA, Belfast<br />
Harbour, Diageo and Carecall.<br />
<strong>Business</strong> in the Community also partnered<br />
with the NI Chamber of Commerce on the<br />
Summit to help reach a broader base of<br />
business opinion and ensure the delivery of<br />
its corporate responsibility and sustainability<br />
messages to a wider audience.<br />
For information on the Summit, visit<br />
www.RBSummitni.com<br />
W<br />
ith 55 per cent of businesses not<br />
confident that there will be<br />
enough people with the skills<br />
needed to fill their future jobs, an<br />
education system that is well informed<br />
and actively educating young people about<br />
changing economic needs, growth<br />
industries and alternative career pathways<br />
such as entrepreneurship is critical.<br />
Equally important however is employer<br />
understanding of the expectations of<br />
Generation Z, their future workforce.<br />
Qualifications are only one part of the<br />
armoury needed for the working world.<br />
Research shows that young adults who<br />
have greater levels of contact with<br />
employers whilst at school are<br />
significantly less likely to become NEET<br />
(not in education, employment or training)<br />
and can expect, when in fulltime<br />
employment, to earn up to 18 per cent<br />
more than peers who had no such<br />
workplace exposure.<br />
As part of the Responsible <strong>Business</strong><br />
Summit, we invited more than 40 young<br />
people join us to present their ideas of the<br />
future workplace and challenge the panel<br />
with a range of questions. The session was<br />
interactive, with a voting response system<br />
used to reflect the thought of the future<br />
workforce. This is what we found:<br />
• 45 per cent of young people who<br />
attended believe their starting salary<br />
will be £10,000 £15,000<br />
• 41 per cent believe that the Northern<br />
Ireland education system is not effective<br />
in preparing them for the world of work<br />
www.businessfirstonline.co.uk<br />
65
BEST PRACTICE<br />
A WORKABLE SOLUTION<br />
work·a·ble<br />
(wûr′kə-bəl)<br />
adj.<br />
1. Capable of being put into effective operation; practicable or feasible:<br />
a workable solution<br />
2. Capable of being worked, dealt with, or handled: workable clay<br />
he dictionary definition of workable<br />
also applies to the world of<br />
Temployment. However, for nearly 300<br />
employees and 200 employers across<br />
Northern Ireland, Workable also means<br />
something else.<br />
Workable (NI) is a supported employment<br />
programme which assists people to continue<br />
to maintain their employment where there<br />
are barriers due to disability or health<br />
conditions.<br />
One of the providers of Workable (NI) is<br />
Supported Employment Solutions (SES) a<br />
partnership of locallybased disability<br />
organisations The SES partners are Action<br />
Mental Health, the Cedar Foundation,<br />
Mencap, NOW Group, the Orchardville , RNIB<br />
and Action on Hearing Loss.<br />
SES provides individualised support to our<br />
clients and their employers focussed on<br />
helping them to overcome employment<br />
related barriers.<br />
We help to identify ways of making a job<br />
more manageable, use technology to help<br />
employees with a task or enable an individual<br />
to make a successful return to work.<br />
SES, through Workable (NI), provides a<br />
variety of support, both on and off the job,<br />
that can be tailored to each individual<br />
employee with a disability, their coworkers<br />
and the company.<br />
Disability Awareness training for a staff<br />
team can also be very beneficial in dealing<br />
with any apprehension and stigma or to help<br />
the other employees understand a colleague’s<br />
disability.<br />
In our experience openness around the<br />
subject of disability can increase team morale<br />
and can provide good training for staff who<br />
‘I have been supporting a staff<br />
member through the Workable (NI)<br />
programme for the past six months.<br />
This has been an invaluable<br />
programme in getting my staff<br />
member back to work and sustaining<br />
her to stay in work. The level of<br />
communication, information and<br />
advice which I have received through<br />
the Workable NI have been of a very<br />
high standard’. (Large retailer)<br />
want to develop in their role.<br />
Supported Employment is all about<br />
providing support to people with disabilities,<br />
or other disadvantaged groups, to secure and<br />
maintain paid employment in the open labour<br />
market.<br />
A key part of this involves helping to create<br />
natural supports and promote reasonable<br />
adjustments in the workplace.<br />
This can include support from other staff<br />
members, a change in the working hours of<br />
the staff member or a policy amendment<br />
which suits everybody better.<br />
‘I have found the support through<br />
Workable (NI) to be invaluable both<br />
to the staff member and also at<br />
employer level. The combination of<br />
additional practical support and<br />
techniques has really made a<br />
difference to the staff member's<br />
confidence and ability to carry out<br />
their work role’. (Public sector)<br />
SES can provide an extensive range of<br />
support to meet the specific needs of<br />
employers and employers.<br />
For instance, with modern technology, IT<br />
resources and accessibility improving daily,<br />
why do we all not use the accessibility<br />
functions that technology provides?<br />
Specialist SES staff can provide support and<br />
advice on assistive technology such as speech<br />
recognition as well as how to customise the<br />
existing accessibility options on devices and<br />
software.<br />
Almost 50 per cent of longterm absences<br />
from work are due to mental health issues.<br />
SES Employment Officers provide support<br />
and guidance to members of staff and their<br />
employers in dealing with these issues.<br />
Workable (NI) programme looks at 21 ‘key<br />
behaviours’ where support may be required.<br />
These key behaviours can include ability to do<br />
the job, flexibility, confidence and time<br />
management. SES Employment Officers look at<br />
the job role and see how the individual can<br />
improve their reliability, adaptability and<br />
communication skills, while developing better<br />
team working and problem solving skills.<br />
Identifying certain key behaviours focuses<br />
the individual, the team and the organisation<br />
‘We are very happy to work with the<br />
SES programme it is great to see the<br />
development of individuals who need<br />
a little bit more help than some -<br />
keep up the good work’. (Local<br />
restaurant)<br />
to achieve better results. Breaking down<br />
tasks, dividing large tasks into manageable<br />
chunks and providing training can really<br />
enhance everybody’s working practices.<br />
We identify five or six key areas where<br />
support needs to be concentrated to help<br />
ensure the individual can carry out their job<br />
role effectively.<br />
This can involve a wide range of situations,<br />
for example, an individual may be struggling<br />
with workload, confidence may have been<br />
knocked, their ability to move between tasks<br />
needs worked on or their time management<br />
needs sharpening up.<br />
It may also that, be due the effect of a<br />
person’s disability, certain tasks need to be<br />
explained further or in a different format.<br />
The nature of a disability, how it affects the<br />
individual and the way they work will be<br />
different in every situation.<br />
Our Employment Officers are skilled at<br />
working closely with the employer to develop<br />
the best level of support.<br />
This can be delivered in a number of ways<br />
which best suit everyone, onetoone in the<br />
workplace, within group training or discreet<br />
meetings with line managers.<br />
Our Employment Officers work with each<br />
employee and employer to put in place and<br />
individual development plan which helps<br />
everyone to work towards and achieve<br />
agreed goals<br />
Local employers are very positive about<br />
Workable (NI) as the comments from SES’s<br />
most recent employer survey show.<br />
If you would like to discuss how SES can<br />
help you as an individual, or support people<br />
within your company, please contact Peter<br />
Wilson 07791 075921 or Heather Gillen<br />
07894 295246 to discuss or email<br />
workable@sesni.org.uk.<br />
The Workable (NI) programme is funded by<br />
the Department for Communities.<br />
66 www.businessfirstonline.co.uk
BEST PRACTICE<br />
Research provides first<br />
report into race equality<br />
in Northern Ireland<br />
Workplaces<br />
Ulster University’s Dr Lucy Michael<br />
short study by Ulster University into<br />
race equality legislation in Northern<br />
AIreland has indicated significant work<br />
needs to be carried out to give employers<br />
more confidence in dealing with the issue.<br />
The research carried out for the first time<br />
on a small amount of Northern Ireland<br />
employers found that they overwhelmingly<br />
needed more support to raise awareness of<br />
racial bias, communicate the value of<br />
diversity and maintain a focus of equality.<br />
Funded by <strong>Business</strong> in the Community NI<br />
and CRAIC NI, the research is also supported<br />
by the Department for the Economy’s<br />
Northern Ireland Higher Education<br />
Innovative Fund.<br />
Of particular concern was the impact of<br />
English fluency on the ability of highly skilled<br />
migrant workers in low skilled positions, to<br />
maximise their contribution to the economy.<br />
However, of the small number of employers<br />
assessed most were able to identify at least<br />
one action which they could implement<br />
immediately to improve race equality in their<br />
workplace.<br />
In addition, employers who implemented a<br />
zero tolerance approach to discrimination<br />
and harassment reported success in<br />
producing a strong team environment and<br />
respectful work culture, even where there is<br />
no significant training on racial or other<br />
biases.<br />
Ulster University’s Dr Lucy Michael said:<br />
“This research is an important first step in<br />
understanding how people, however they<br />
might be identified, can participate in the<br />
workplace as equals.<br />
“Although a small cross section, the findings<br />
will now enable us to engage further with the<br />
private and public sector to gain even more<br />
insight into racial equality in the workplace<br />
and how we can help employers deal with<br />
any challenges they may face.<br />
“Employers should take great comfort that<br />
such a highly skilled workforce is available<br />
locally but they are unsure of how to<br />
implement race equality in the workplace and<br />
support migrant workers. They are seeking<br />
guidance on how to best implement it with<br />
positive effect, but they are afraid of getting it<br />
wrong.<br />
“The small cross section of employers we<br />
spoke with stated that they would welcome<br />
support and as such we have now developed<br />
a toolkit which we will develop further as we<br />
continue to engage with employers across<br />
Northern Ireland.”<br />
<strong>Business</strong> in the Community NI’s Denise<br />
Cranston said: "Progressive employers have<br />
for some time been integrating equality and<br />
diversity initiatives into core business<br />
functions, such as organisational strategy and<br />
talent management programmes. But this<br />
research shows that they need to do more to<br />
achieve greater race and ethnic diversity.<br />
<strong>Business</strong> in the Community fully supports the<br />
recommendations in the report and would<br />
call upon all employers to commit to taking<br />
action to take full advantage of the<br />
opportunity that migrant and ethnic workers<br />
present. "<br />
CRAICNI’s Maciek Bator said: “As someone<br />
who is from the Black, Minority Ethnic<br />
community, I am delighted to see this report<br />
being launched. It is very encouraging to see<br />
more and more local companies recognising<br />
business potential in the skills and<br />
experiences that migrant and ethnic workers<br />
are bringing to Northern Ireland. However,<br />
there is still space for improvement and a<br />
need for sharing good practice amongst<br />
employers.<br />
“At CRAIC NI, we are determined to<br />
promote race equality. A practical knowledge<br />
of how to manage diversity in a workplace is<br />
key to success, Therefore we are taking the<br />
lead on developing the Employer’s Race<br />
Equality Works training pack available from<br />
<strong>November</strong>. It is the right time to make Racial<br />
Equality work for Northern Ireland.”<br />
A full copy of the Race Equality Works for<br />
Northenr Ireland report is available:<br />
www.businessfirstni.co.uk/race equality<br />
MOREINFORMATION<br />
The results have been used to develop a<br />
new toolkit for local employers, sharing<br />
steps they can take to improve race<br />
equality in the workplace, including:<br />
• Clearly communicating the value of<br />
diversity in an organisation<br />
• Committing to raising awareness of<br />
racial bias<br />
• Being aware of the wider context of<br />
high levels of racism in Northern<br />
Ireland, and that it is not the preserve of<br />
any particular group<br />
• Making sense of local demographics<br />
and the wider picture of race equality in<br />
Northern Ireland<br />
• Open and transparent communication,<br />
with consultation and feedback key to<br />
understanding how well established the<br />
message about diversity is<br />
• Being confident, knowledgable and<br />
comfortable talking about racial bias<br />
• Showcasing success creating visibility<br />
for diverse role models<br />
• Keeping equality on the table,<br />
considering how the value of diversity is<br />
reflected in business activities<br />
www.businessfirstonline.co.uk<br />
67
Luxury BMW 7 Series<br />
T<br />
he sixth generation of the BMW 7 Series<br />
is a true flagship of the BMW range,<br />
blending comfort, style, dynamic ability<br />
and cutting edge technology in equal measure<br />
to create an inspiring mode of luxury<br />
transport.<br />
The new BMW 7 Series is both stronger and<br />
up to 130kg lighter than its predecessor. This<br />
advanced construction is complemented by<br />
sixcylinder petrol and diesel engines taken<br />
from the latest generation of BMW power<br />
units.<br />
I drove the 740 LD MSport. The LD is really<br />
a long wheelbase version of the 7 series and<br />
yes it is big. The exterior is smartly designed<br />
and somewhat understated, which is exactly<br />
what buyers of this size of car like preferring<br />
not attract too much attention whilst they are<br />
driving or being driven about. The 7 series<br />
certainly has a strong road presence.<br />
The three litre, twin turbo diesel engine is<br />
quiet and eager, offering 320 Bhp it is capable<br />
of 155mph and sprinting to 60mph in 5.2<br />
seconds and it does just sip diesel using a<br />
gallon every 50 miles or so, after driving the 7<br />
series it loves munching miles with ease.<br />
The interior is superb, not one bit of black<br />
plastic to be seen. The balance of dynamics<br />
and comfort so central to the new BMW 7<br />
Series’ character is reflected in the design of<br />
the interior.<br />
Whether it’s the driving pleasure generated<br />
from behind the wheel, or the sublime sense<br />
of wellbeing when sat in the rear seats, the<br />
ambience of the new BMW 7 Series is both<br />
modern and luxurious.<br />
All the control and display elements share a<br />
new design that highlights their innovative<br />
functionality – such as the chrome buttons on<br />
68 www.businessfirstonline.co.uk<br />
the multifunctional steering wheel and centre<br />
console, and the touchscreen surface for the<br />
control panel of the automatic air<br />
conditioning with fourzone control.<br />
The controls on the centre console are –<br />
like the interior trim strip – framed by fine<br />
wood or aluminium surfaces. Both the trim<br />
strips and the instrument panel’s chrome<br />
surrounds which border them are made<br />
individually for each car; their dimensions<br />
are therefore matched to the nearest<br />
millimetre.<br />
The accuracy and quality of the interior –<br />
whether you are driving or being driven is<br />
top class. The amount of leg room and space<br />
in the rear feels like you are flying first class.<br />
The 7 series is a big car, but it is easy to<br />
by Ian Beasant, BUSINESSFIRSTMAGAZINE<br />
motoring correspondent<br />
drive and handles well, with options to set the<br />
car in Sport, Comfort or Eco mode – these<br />
adjust the suspension, engine and gearbox<br />
response.<br />
I found that Comfort was great and the 7<br />
series just floated over our bumpy roads<br />
without trying to deviate from the direction I<br />
had pointed it in. The size of the 7 series is<br />
not noticeable when you are on the road as it<br />
is agile and I only noticed the extra length of 7<br />
series when I was parking the.<br />
The BMW 7 series is as good as what is on<br />
the market in this luxury sector it is well<br />
equipped and full of technology, I think this<br />
latest 7 series will give the Mercedes Sclass<br />
some serious competition which previous<br />
BMW 7’s were not always capable of.
The BIGGER Tiguan<br />
ports Utility vehicles or SUV’S are<br />
amongst the best selling vehicles in the<br />
Smarket at the moment and drivers<br />
appetites for them shows no sign of abating.<br />
The SUV in many ways has taken the place<br />
of the estate car and in other ways the need<br />
for a second car. All of this leads to a very<br />
busy and ultracompetitive market, it does<br />
not seem to deter the car manufacturers as<br />
they continue to build them and introduce<br />
new models.<br />
The Volkswagen Tiguan in its previous<br />
form was only out sold by the Volkswagen<br />
Polo and the Volkswagen Golf. The new<br />
Tiguan is is a properly allnew product,<br />
featuring the latest MQB architecture, which<br />
replaces the Mk1 Tiguan – launched in 2007.<br />
This brings many benefits. For starters,<br />
there’s a raft of the latest technology available<br />
much of it familiar from VW stable. So you’ll<br />
enjoy niceties such as cablefree mobile<br />
phone charging, radar cruise control, wagglefoottoopen<br />
automatic tailgates and other<br />
lifeeasing gadgetry.<br />
But it also brings a degree of flexibility.<br />
Wolfsburg’s engineers can stretch the<br />
platform this way and that; hence you can<br />
expect a slightly longer, sevenseat version of<br />
the Tiguan in due course.<br />
I drove the Tiguan at its launch in England<br />
and also spent a week with the new model<br />
fitted with a 150bhp 2.0litre diesel engine<br />
and very sweet changing sevenspeed Dsg<br />
gearbox.<br />
The styling is fresher, crisper and sitting on<br />
its 19 inch alloy wheels a lot more sharper<br />
looking than the Mk1 and it's accompanied by<br />
a whole load of extra space.<br />
This car is 60mm longer and rides on a<br />
wheelbase stretched by 77mm no wonder<br />
there’s so much room for families and their<br />
luggage (the boot swells to 520 litres, or 615<br />
with the rear bench slid forward).<br />
One thing for sure there is no denying<br />
Volkswagen's advantage in interior quality<br />
remains intact. This is a surprisingly<br />
luxurious cabin and we remain enthralled by<br />
the intelligent touchscreen infotainment.<br />
There are a few harder plastics lower down<br />
the dashboard, granted, but it all feels well<br />
assembled and the switchgear operates with<br />
a satisfyingly welldamped action. The Led<br />
dash certainly adds to the premium feel and<br />
quality of the Tiguan.<br />
The new Tiguan feels surefooted and agile,<br />
but not especially sporty. Which is entirely in<br />
keeping with its purpose in life; it does feel a<br />
lot like a Golf in many ways which is no bad<br />
thing.<br />
The elevated seating position does offer<br />
great visibility and the 2.0 litre diesel does<br />
not disappoint, it is smooth and quiet and will<br />
propel the Tiguan to 60mph in nine seconds<br />
and at the same time offering 53 miles per<br />
gallon.<br />
The Tiguan's steering is light and relaxed.<br />
This is a hushed, refined place to sit, with few<br />
thrills. The fourmotion (four wheel drive<br />
system) keeps everything under control. The<br />
Tiguan does more or less everything well and<br />
it is a top quality vehicle.<br />
www.businessfirstonline.co.uk<br />
69
Style and Substance<br />
by<br />
T<br />
he all new Renault Megane released this<br />
year is a real head turner; sleek, sexy,<br />
and stylish with a very strong road<br />
presence.<br />
Renault has always done well in Northern<br />
Ireland and after driving the new Megane for<br />
Honda Magic<br />
he new Honda HRV is the latest entry<br />
into a rather bustling and yet still<br />
Tgrowing market for small SUV’S. Our<br />
appetite for these vehicles shows no sign of<br />
waning as small and medium sized SUV’s are<br />
in great demand both new and used.<br />
The HRV looks actually like a tall coupe<br />
with its dynamic lines, the rear door handles<br />
are recessed into the side windows, the roof<br />
swoops down at the rear it is a sporty<br />
looking vehicle and not one bit boxy looking<br />
like some of the vehicles in its class.<br />
The Honda HRV is offered in either diesel<br />
or petrol form. I drove the 1.6 DTEC engine<br />
model in the top of the range EX trim. The<br />
engine offered a wide range of torque was<br />
extremely well mannered and quiet; the<br />
manual sixgearbox suited the engine<br />
characteristics well.<br />
Performance was good both in<br />
acceleration and economy as the HRV will<br />
propel to 60mph in 10 seconds and return<br />
an impressive 60 miles per gallon. The<br />
Honda HRV is one of the better small SUV’S I<br />
have driven when it comes to tackling a<br />
twisty road as it handles crisply and neatly<br />
with just a hint of body roll.<br />
The interior is well made and well laid out;<br />
70 www.businessfirstonline.co.uk<br />
a week my mind has certainly changed as<br />
style was never in doubt and now the build<br />
quality is as good as any of the class leaders.<br />
Under the bonnet you have a choice of two<br />
petrol or two diesel engines. My Megane was<br />
the 110 dci engine model, and it has a 1500 cc<br />
there is plenty of room in the front for both<br />
driver and passenger. Rear space in the HRV<br />
isn’t quite as generous as it is in the front.<br />
The real magic and innovative design<br />
comes to the fore with Honda’s Magic rear<br />
seat function, which means it’s possible to<br />
not only split the rear seats in a 60/40<br />
configuration and fold them completely flat,<br />
but also raise the rear seat bases to leave a<br />
long, narrow space, between them and the<br />
front seat backs. It’s a useful space for<br />
Ian Beasant, BUSINESSFIRSTMAGAZINE<br />
motoring correspondent<br />
Turbo diesel engine mated to sixspeed<br />
gearbox driving the front wheels.<br />
This is the model that Renault believe will<br />
be their best seller and I reckon they are spot<br />
on. The engine is quiet and delivers its power<br />
very smoothly. The six – speed gearbox (oh I<br />
do love manual gearboxs) has ratios that<br />
work the engine perfectly and the whole<br />
package feels a lot more lively than the<br />
figures of 11 seconds to 60mph would lead<br />
you to believe.<br />
One figure I am sure about is the fuel<br />
consumption. Renault claims a combined<br />
usage figure of 76.4 miles per gallon but I was<br />
able to get 79 miles per gallon without trying.<br />
So much so, I was actually a little concerned<br />
that the fuel gauge was stuck!<br />
The interior is completely new and is very<br />
well equipped and all the controls feel to be<br />
just in the right place. You feel at home in this<br />
car. The quality of materials is super, right up<br />
there with best of its German rivals and<br />
maybe a little bit ahead. The new Megane will<br />
comfortably transport five people and all<br />
their bits and pieces about with ease and it<br />
does with style.<br />
Renault has made a great effort to put the<br />
new Megane up against the German models<br />
that usually dominate this market and I<br />
reckon they have succeeded in every area.<br />
This in my opinion makes the new Megane a<br />
very compelling allround package.<br />
carrying thin, tall objects such as bicycles.<br />
The front passenger seat can then be folded<br />
flat to allow long items to be pushed from<br />
the boot opening right through to the<br />
dashboard. This is simple and very practical<br />
to use. Behind the rear seats is a good size<br />
boot with a low loading lip and wide<br />
opening.<br />
The Honda HRV is a good allrounder with<br />
a nice bit of style and being a Honda it will<br />
never let you down.
The Final Word<br />
Look ahead to<br />
Legislation,<br />
Policy and Plans<br />
by Chris Brown, Director, MCE Public Relations<br />
Connect with Chris @CB_PAandPA<br />
rexit still remains allconsuming and<br />
the fact that the Programme for<br />
BGovernment is still out for consultation<br />
has left the local business community here in<br />
Northern Ireland asking lots of questions<br />
about how their interests will be protected<br />
and enhanced.<br />
We still won’t know until the UK Chancellor<br />
announces his Autumn Statement in late<br />
<strong>November</strong> just how much money we will<br />
have to play with for the next year. Many<br />
business people don’t have the gift of time to<br />
see how things go however.<br />
So what legislation, policies and plans are<br />
coming down the track that business needs to<br />
be aware of early in this new Assembly<br />
mandate. Here’s a brief overview of what has<br />
been outlined so far.<br />
Local Development Plans<br />
Local development plans are currently<br />
being advanced by each of the super councils<br />
to ear mark land in their relevant areas to be<br />
designated for development for up to the next<br />
15 years. This will set the policy for<br />
determining future planning applications and<br />
is a really important issue for the property<br />
development and construction sector.<br />
Preferred option papers are being brought<br />
forward by some Councils already, with draft<br />
plan strategies starting to emerge from early<br />
2017 onward.<br />
Northern Ireland Investment Fund<br />
The Finance Minister Mairtin O’Muilleoir<br />
MLA has stated that he is committed to the<br />
establishment of a Northern Ireland<br />
Investment Fund and sees it as an important<br />
lever in promoting economic growth.<br />
He has identified that the delivery of the<br />
Fund has been delayed due to uncertainty<br />
around the European Investment Bank role in<br />
advancing the Fund in the aftermath of the EU<br />
referendum, but that officials are currently<br />
considering alternative delivery models. One<br />
of the alternative delivery options is currently<br />
with the Office of National Statistics (ONS) for<br />
a classification decision. Once ONS has<br />
provided its determination, the intention is<br />
then to move to procurement of an external<br />
fund manager which is likely to take at least 6<br />
months.<br />
North West<br />
The leader of the SDLP Colum Eastwood<br />
MLA has stated that he is planning to develop<br />
a Private Members Bill to ensure that any<br />
new investment decisions made in the<br />
interest of Northern Ireland are ‘North West<br />
proofed’ so that the area has the best chance<br />
to compete for business.<br />
Organised Crime<br />
Justice Minister Claire Sugden MLA has<br />
stated that the review of the legislation<br />
relating to serious and organised crime in<br />
Northern Ireland is now underway with a<br />
view to introducing draft legislation to the<br />
Assembly in the current session.<br />
Officials are currently scoping existing<br />
legislative models and the Minister expects to<br />
be in a position to consult on policy proposals<br />
by the end of this financial year in order to<br />
determine the appropriate next steps<br />
regarding draft legislation.<br />
Regulatory framework for business<br />
The Economy Minister Simon Hamilton<br />
MLA has committed to improving the<br />
regulatory framework for business by<br />
reducing red tape and streamlining<br />
regulatory functions by taking forward the<br />
Better Regulation Action Plan.<br />
The plan seeks to develop a modern<br />
regulatory regime that will allow business to<br />
grow while ensuring that people, workers,<br />
consumers are appropriately protected.<br />
Employment<br />
Minister Hamilton is also expected to take<br />
forward early conciliation provisions under<br />
the Employment Act (Northern Ireland) 2016<br />
to enhance opportunities for resolving<br />
workplace disputes without the need for legal<br />
action, and making improvements to<br />
employment tribunal regulations to improve<br />
processes for those who do require a legal<br />
remedy.<br />
He has outlined that he will engage with<br />
Executive colleagues in consideration of<br />
policy options to tackle abuses in zero hours<br />
and nonguaranteed hours contracts.<br />
Insolvency<br />
In the course of the current Assembly,<br />
Hamilton will introduce an Insolvency Bill<br />
which will further modernise and streamline<br />
insolvency legislation for the benefit of<br />
creditors and the wider business community<br />
here.<br />
Apprenticeship Levy<br />
The introduction and collection of the<br />
Apprenticeship Levy is a reserved matter<br />
which will be imposed by the UK Government<br />
on employers with a paybill in excess of £3<br />
million.<br />
Whilst it will be a matter for the Executive<br />
to decide on the allocation of those funds, the<br />
Minister is currently considering how they<br />
might be best used for skills and<br />
apprenticeship training in Northern Ireland<br />
in support of our Economic and Skills<br />
strategies.<br />
He has stated that it will be his intention to<br />
issue a short consultation paper, which will<br />
primarily seek the views of the business<br />
community, on how any revenues available<br />
from the Levy might be implemented to<br />
support skills development in Northern<br />
Ireland.<br />
72 www.businessfirstonline.co.uk