Coronavirus continues to have a huge impact the day-to-day operations of businesses across our region. Norfolk Chambers stand ready to support you, but we need to understand what challenges you are facing and how well the government support initiatives are working. Working in partnership with the British Chambers of Commerce, we need to hear from you about how your business is coping. In this 2-3 minute poll: Covid-19 Business Tracker – please tell us the immediate business conditions you are facing and whether your business has recently used any of the support packages from government and what your experience was.
Your input is essential to our work on behalf of the overall Norfolk business community. As a business leader, your views have never been more important.
Four years ago the Equality Act brought together various pieces of legislation, and provided for nine ‘protected characteristics’, namely pregnancy and maternity; marriage and civil partnership; sexual orientation; sex; religion or belief; race; gender reassignment; disability; and age.
It would be nice to think that legislation was, and is, unnecessary to tell us that everybody should be treated the same. But, although we’ve embraced ‘diversity’, there are still issues that have to be addressed.
When the Equality Act 2010 was in its infancy there was much advice dished out to employers. It was often defensive. Would newly empowered staff be instigating countless tribunals? ‘Claims may now be successful even when there is insufficient evidence to prove discrimination based on just one of the characteristics’ was a warning. ‘Pay secrecy’ was to be illegal; the staff could compare their salaries! Was this too much ‘power to the people’?
It all rather detracted from the aims of the Act which were to ensure that everybody was given an equal chance and not suffer discrimination.
Four years on we’re more positive and see the benefits of equality and diversity. Employers with a diverse workforce have a wider talent pool to draw on. A mix of ages creates a team that blends youthful thinking with seasoned experience. A balance of genders creates a more informed workforce with male and female opinions represented. A diverse corporate culture has a positive effect on morale; people like working for an aware company.
And yet, even allowing for these business benefits, some are still ‘more equal than others’. I’m not proposing more legislation. What I am suggesting is that there is still a need for cultural change. Take child care, and care for the elderly, as examples. The cost of looking after working parents’ children is much discussed. But the concept of greater flexibility in working hours is something that could help parent, child and employer in a ‘win win’ outcome. An experienced person is available for work, the employer benefits from that, and family life is easier arranged.
With increasing longevity many people now have the care of elderly parents to consider. Are there valuably experienced workers out there who are, probably unintentionally, discriminated against because they need a bit more flexibility in the times they could start and finish work?
The benefits of a more diverse workforce are particularly attractive to smaller businesses. A range of experience, a flexible workforce, the stimulation of ideas from a mix of backgrounds all contribute to a vibrant working atmosphere. Is there though a problem in the small business sector in that they suffer from a lack of known role models? It’s not universally true of course but when the media want examples of glass ceilings and class divides it seems they look no further than our big and established institutions. Many of them talk the talk, but visibly fail to walk the walk. I would like to see our smaller businesses’ good practice more visible as an example to others.
I’ve commented before in this column on the subject of technology, and how it’s changed the way in which we communicate. In short, we can now send messages to each other faster than ever before. Distance is no object. Time is irrelevant. It’s a 24/7 world of constant communication. Which is fine, provided you have people to communicate with.
One thing the digital age hasn’t changed is that businesses need to connect with each other in order to trade. You need to know who is out there, if there is a realistic chance that they will buy from you and how best to meet and talk with them up to, during and after the sale.
How you do that has altered. The online media are now essential to connect with customers.
There’s a phrase in current business circles that’s rapidly becoming something of a mantra. ‘Content is king’ they say. It’s true that using the digital and social media to carry positive information about your company, and developments within your market, is a solid bedrock for your online strategy. But do you know if your audience is actually reading your blogs, or following you on Pinterest, or Google+. Can you be certain that they even look at, let alone appreciate, the content on your website? It’s the never changing conundrum of media and message. Except in today’s world you need to establish that you’re on the same digital platforms as your target audience.
Now, let’s assume, (and why not?) that your online strategy works. With an enhanced digital profile, positioned as a source of expert knowledge through generating high quality content and engaged with web savvy potential customers, you’re out there in the never sleeping world of cyber selling. Liked, favourited and re-tweeted your brand awareness has never been higher. That’s all great, provided you’ve put in place a plan to future proof your customer strategy. You need to have asked yourself if your business will be ready to cope with the growing number of customers looking to Twitter and Facebook for customer service.
Certainly at the Norfolk Chamber of Commerce we embrace the potential of digital marketing. In fact our ‘Click and Connect‘ event in Norwich on September 25th (full details on our website norfolkchamber.co.uk ) is aimed specifically at helping businesses use the online media to their best advantage. My point is that even as we hurtle through this current period of technological advancement, some things don’t change. Things like getting your message right; and finding the right media to get that message to the right audience. What has changed is the number and variety of media available, and the unprecedented voraciousness of audiences engaging with your communications and connecting with your brand all the time, across multiple platforms. Not having a strategy to manage that is commercial suicide.
Getting connected has never been easier. Are we making it work for us is the question. Having an online strategy is the answer.
As part of Norfolk Chambers’ #NorfolkChamberHour at 11am on Tuesday 28 April, we are partnering up with New Anglia Local Enterprise Partnership to check in with your favourite local businesses and make sure they don’t miss out on grants available to them – that’s the message behind the Big Small Business Check-In #bigbizcheckin.
The initiative encourages everyone to check in with local small businesses, through their websites and social media accounts. It’s an opportunity to check that owners and staff are safe and well, to show loyalty and to make sure that the business is getting the support it needs.
Chris Starkie, Chief Executive of New Anglia LEP, said:
“This is a really challenging time for small businesses but there is help available – including grants for small businesses and hospitality, retail and leisure firms.
“Those are being paid out directly by local authorities, but we know that a number of companies have yet to come forward and claim. By checking in and making sure your favourite local businesses are aware of the help which is out there, you could be doing them a financial favour too.
“So think about your hairdresser, your favourite coffee shop or even your dog groomer or market trader – those sort of businesses could be eligible for grants. They are still eligible if they are currently closed due to Coronavirus restrictions so make sure they know what help is out there for them, and that you’re looking forward to visiting them again in the future.”
Make sure they have accessed free, impartial business support if they need it. They can speak to an adviser at the New Anglia Growth Hub for free on 0300 333 6536
Adam Marshall, Executive Director of Policy and External Affairs at the British Chambers of Commerce, recently commented on the fact that now our recently elected, Government is enacting some of the policies that formed part of their manifesto. His point was that there can be a gap between a government’s policies and their political agenda. Without wandering into the dangerous waters of party politics it is interesting to think about the gap that exists between government’s policies and the world of business and commerce.
For example there’s the time lapse between implementing a policy and businesses seeing any positive or negative results from it. Nothing is instant.
In fact the concept of ‘gaps’ is very much in the Chamber’s mind at the moment with our specific campaign of ‘Bridging the Gap’ in place to deal with the links between business and education. Filling the ‘skills gap’ is something that businesses have identified and seek Government backing for. Ideally it’s a ‘virtuous circle’ of commerce and Westminster working together to plan for the future and the greater good of young people, and the economy as a whole. There needs to be a greater understanding between the world of work and the world which schools have to live in, to really bridge the gap between business and education. The Chamber has a core role in achieving this.
But what about some other ‘gaps’? The first that springs to mind is the rift between the focus and exposure given to the North – and its ‘powerhouse’ label – and our region here in the east. We have enormous potential here, fuelled by world class companies who design, make and create service and products for domestic consumption and export. We must not let our profile reduce as others’ gain more awareness.
The ‘gender gap’, is another vital issue that, despite enormous progress, still needs constant attention.
It’s important that girls and young women should be encouraged into jobs and sectors which are currently male dominated often for historical reason, but it is as important that there is a greater understanding across both genders about the opportunities open them not just for young people but across the age ranges here in Norfolk.
I mentioned exporting, and returning to it in more detail there’s another possible crack, that needs to be reduced. The international political landscape is volatile and there are real tensions across the globe. However there are many world markets open for business and looking for the goods and services we provide here in Norfolk which will assist our local business to grow and create more jobs. Businesses need to be aware of the issues but they will normally find a way to market with the support from organizations like the Chamber. .
Whatever you’re planning, wherever you’re trading and whatever policies are in place – ‘Mind the Gaps’ and let’s work together to close some of them effecting Norfolk businesses.
Sir Tim Berners-Lee has every right to have an opinion on the internet. He’s the man credited with inventing the world wide web. Among his many comments there’s this rather telling observation.
‘There was a time when people felt the Internet was another world, but now people realise it’s a tool that we use in this world’.
In the business world that point has been proved beyond all reasonable doubt. Digital technology is now a key driver for the engagement of customers. It’s the interface through which businesses communicate and sell, as well as interact with, and gather information from, their markets.
We’re now in a world where we can no longer view technology as a separate function or discipline. It’s an integral part of business life; it’s a wide range of channels and platforms through which real practical business can be done.
What’s more, consumers expect it of businesses. For people of, shall I say over 30, there’s still a feeling of the ‘digital revolution’ being a relatively new phenomenon. But, those born after 2000, and arguably after 1990, are, as we define them, ‘digital natives’. These are people with no recall of a pre-internet world. And they’re the people who are your customers now, and the business leaders of the future.
Leading consultant Huw Sayer, who will be hosting the Chamber’s annual technology event on 23 September at The Space Norwich – this year themed – ‘The Future is Here’ – made the point that the head of John Lewis recently stated that they are now ‘a technology company’. It’s how they interact with customers, not replacing in-store activity but enhancing the relationship with customers by offering more ways to research products, buy if they choose to, pay online and be kept up to date. It sums up the notion that the internet, and all the digital innovations that have come from it, are not separate from business, they are essential tools for it.
It really has to been seen as all embracing. As much as marketing messages can be sent out through digital technology, feedback and research can be brought in by it. And technology can be harnessed to store and manage the data that’s been acquired – by technology.
Whilst for some the generation of new high tech products is their business, for the commercial world in general the future is about how best to use technology to solve problems and deliver business, and customer, benefits.
Of course some things will never change. Face to face selling over a counter will remain an essential part of commerce for ever. The point is that you can find more customers to sell to, learn more about what they want to buy and engage with them more often than you’ve ever been able to before. And you can do that because of the technology available to you, sometimes literally, at your fingertips.
Which is why you need to be in touch and up-to date. Because technology and commerce aren’t two separate worlds. The one serves the other, for the future of the business world.
Book your tickets to THE FUTURE IS HERE – Putting Technology to Work on Wednesday 23 September at The Space, Norwich by visiting www.norfolkchamber.co.uk/thefutureishere
Charities and organisations who have staff on the front-line help keep Norfolk communities safe can now access a new supply system should their PPE supplies run critically short.
Over the last few weeks Norfolk Resilience Forum (NRF) has been working hard to try and support the provision of PPE for those that need it to deliver key services.
Following a successful public campaign, which has already resulted in more than 180 companies coming forward to support the production of most types of PPE, a new process has been put in place to help front-line services source the equipment they need.
Currently there are times when demand is currently outstripping supply and the system will ensure that supplies of items which are in short supply are directed to those organisations with the most critical need. This will be in line with the current Government guidance. It will also help charities and other local organisations who deliver vital services to communities and meet specific criteria gain access to this equipment.
Trevor Holden, Chair of the NRF’s Tactical Coordination Group, said:
“This is a countywide operation involving all partners in the Local Resilience Forum. Partners in the Local Resilience Forum are all working together as the NRF to ensure every single citizen in Norfolk remains safe and critical needs are met.
“This is a tremendous amount of work and I pay tribute the officers and volunteers who are going above and beyond to ensure we deliver every day.”
If you have front-line staff and you require PPE, you should:
In the first instance you should seek to resolve your demand through your existing supply chain.
Where you are unable to meet your demand through existing supply chains, visit newanglia.co.uk/ppe-supplier-database and request login details for access to the database of local suppliers.
In the event that you are still unable to meet your requirements and you are directly involved in the support of critical services, please contact your local council.
Your local council will also be able to pass your request on to the Norfolk Resilience Forum for consideration for emergency provision, where this is available.
Following a sharp widening of the trade deficit in the third quarter (Q3) of 2016, an increase in exports of goods to non-EU countries saw the deficit on goods and services narrow to £8.6 billion in the fourth quarter (Q4) (October to December).
This is the main finding of the latest trade bulletin produced by the Office for National Statistics (ONS).
It shows that, while exports of goods to both EU and non-EU countries increased through most of 2016, there was a much higher quarter-on-quarter growth in exports to non-EU countries in Q4.
The British Chambers of Commerce (BCC) welcomed the signs of improvement with Director of Economics Mike Spicer describing the figures as an important reminder that UK companies take advantage of trading opportunities in every part of the world.
“This performance comes despite the mixed reaction of exporters to the depreciation in Sterling – which our research has found is hurting as many as it is helping,” he went on.
With Brexit continuing to dominate the headlines, Mr Spicer suggested that the continued weakness of the pound and the expected slowdown in economic growth is likely to dampen future demand for consumer imports.
More direct support from the Government, including more investment in trade show access, is needed “to keep UK businesses trading with the world”, he argued.
The BCC wants to see action in the Budget to reduce the upfront costs of doing business, particularly business rates in order that businesses have the resources to invest in people and product development.
“This is absolutely necessary to take full advantage of the growth opportunities in overseas markets,” Mr Spicer concluded.
Last week, Norfolk’s Resilience Forum launched an appeal for firms to help support the need for more Personal Protection Equipment (PPE). They have now passed 100 responses to the appeal. This is a tremendous show of support from the business community. Every offer, large or small, is needed and they would like to thank every one of those businesses.
The PPE appeal is still open, if you think you can help please go to: https://newanglia.co.uk/data-capture-for-ppe-supply-during-covid/ to pledge your support. The 100 pledges of support join an existing list of partners who got in touch directly – so there are no over 250 leads on the database.
New Anglia LEP are pulling together all the offers of support and is then sharing the information with local partners who procure their own supplies directly. The list includes:
Companies offering existing supplies
Companies who are in the PPE/medical equipment supply chain making us aware of deliveries, stock and provision
Companies who are already or who plan to change their production to make PPE (or parts for PPE)
The equipment that is needed is listed below – please register if you can help with any of these products:
The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
The scheme will be delivered through a network of accredited lenders.
Eligibility:
You can apply for a loan if your business:
is based in the UK
has been negatively affected by coronavirus
was not an ‘undertaking in difficulty’ on 31 December 2019
Who cannot apply:
The following businesses are not eligible to apply:
banks, insurers and reinsurers (but not insurance brokers)
If you’ve already received a loan of up to £50,000 under CBILS and would like to transfer it into the Bounce Back Loan scheme, you can arrange this with your lender until 4 November 2020.
What do Norfolk businesses want? Improved Infrastructure. When do we want it? Now! A follow on question could be – Do we have any chance of getting it? and the answer is Yes if we work together to ensure our voice isheard.
Norfolk’s economy is back on track and there are many companies who are really starting to feel the effect of an improved national economy. Business is never easy and there is still a way to go for many companies as they start to look overseas for business opportunities; have the challenging task of recruiting the right new staff; and deal with the ever confusing political agendas, as we move towards May 2015.
What is clear, however, is that Norfolk has finally been recognised by Government as a region of growth potential. The issue with potential though, is that it is intangible until it is reached. The frustration for many Norfolk businesses is that it costs excessive time and resource to move goods and people around and carry out day to day business.
For years it has been jam tomorrow, but improvements are being made although sometimes not to plan. I refer to the recent issue with Network Rail where the business community was badly affected by a design fault of the new train signalling system being installed at Ipswich causing widespread delays and cancellations.
As a business community we can either grumble down the pub or we can clearly and loudly articulate what we want and the difference it will make to our companies and the local economy. Sometimes it takes only a few moments of your time, like signing up to the Greater Eastern Rail Campaign to achieve a faster more reliable train service to London. Signing up will not guarantee that the Government will listen but not signing up will guarantee that it will be more difficult for the rest of us to achieve our objectives.
Roads continue to be an ongoing challenge for Norfolk business and although the current 40 mph on the A11 is frustrating, it’s opening in December will be more than just a faster journey time, it will show that Norfolk is firmly open for business. The A11 growth corridor provides exciting opportunities for our economy going forward.
Improvements to the A47 once a pipe dream are within reach and the Norfolk Chamber with its partners is working hard to ensure that key positive announcements will be made in the Government’s Autumn Statement. Improvements identified by the Task Force will open up areas for much needed development.
So what can the business community do to ensure that our wish list becomes a reality? Show your support when asked -the business voice is listened to by local and national government. Be visible about your successes -success leads to more success. Talk up your achievements through the Chamber website and the local media. Please do raise your profile so as not to be a ‘hidden gem’, and support Norfolk to achieve improved infrastructure and do better business.
Yesterday the UK announced the following sanctions against Russia:
Asset freeze on major Russian banks
Legislation banning Russian govt & companies from raising money in UK
More oligarchs sanctioned
Sanctions on major Russian companies including Rostech
Aeroflot ban
Ban on high tech exports to Russia
Limiting deposits Russians can hold in UK bank accounts
Bringing forward parts of economic crime bill
Hannah Essex, Co-Executive Director at the British Chambers of Commerce, said:
“With the dreadful news coming out of Ukraine today, all of us at the BCC hope there will soon be a peaceful resolution. Our thoughts are with all those affected in Ukraine and across our Global Network.
“The situation in Ukraine will be deeply worrying for many businesses in the region as well as here in the UK. International leaders must focus on seeking a swift resolution to end the invasion and return to peace.
“The British Chambers of Commerce will work closely with the UK government to ensure that businesses have all of the advice, information and support they need to make decisions, adapt to these circumstances and navigate the challenging times ahead.”
On the impact on trade and the economy, William Bain, Head of Trade Policy, said:
“Alongside the enormous human cost, the Russian invasion of Ukraine will create a significant shock to the world economy by weakening global demand, damaging international financial markets and adversely impacting the UK economy.
“The UK energy market has a lot less direct exposure to Russian gas supplies than most of Europe. But, as the global market is already tight, a scramble to source supplies will very likely result in further rises to prices in the UK.
“There is also a risk of further disruption to global supply chains, particularly those crossing through Russia and Ukraine, with closure of air space likely to have a significant impact on the movement of goods and people.
“The cumulative effect of all of this will likely be higher imported inflation and weakening trade flows.
“There could also be some supply chain disruption to manufacturers if some items cannot be exported in the event of hostilities and alternative supply sources cannot easily be obtained. This would inevitably further increase cost pressures and limit economic activity.”
UK-Ukraine Trade
Trade between the UK and Ukraine to the year-end of Q2 2021 was £1.6bn in total. Four fifths of this is in goods – with imports of iron and steel (about a quarter of all Ukrainian goods imports to the UK), cereals and grains (22%), vegetable oils and fats (15%), oil-seeds/oleaginous fruits (14%), and animal feed (3%).
Key U.K. exports to Russia are machinery, nuclear reactors, boilers ($743m in 2020), vehicles ($504m in 2020), pharmaceuticals ($293m), electrical & electronic equipment ($153m).