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November Business First

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 />

Subscribing to a complimentary copy of BUSINESSFIRSTDIGITAL<br />

Magazine couldn’t be easier and we’ll send your copy of the<br />

magazine directly to your mailbox every time we publish.<br />

To subscribe, visit our website at www.businessfirstonline.co.uk and<br />

follow the easy links to our subscription page.<br />

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

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