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East Midlands Forthcoming Events Across The Region… Here are the last

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East Midlands Forthcoming Events Across The Region… Here are the last Powered By Docstoc
					Forthcoming Events Across The Region…
Here are the last few 2008 events, together with previews for the first quarter of 2009
10th Dec Northants Branch – Dinner at Rockingham Castle. Candlelit dinner and festive shopping £40 for all exc. VAT 26th Feb Networking Lunch at Trent Bridge Cricket Ground, 12.00noon start. Casper Berry is the keynote speaker, former professional gambler who now speaks on business risks. £25 Members or £30 Non-Members exc. VAT 2nd Mar Leicestershire Networking Breakfast at Leicester Tigers and Regeneration Tour. Leicester Shire Promotions will give a presentation followed by an optional open top bus tour of the regeneration of Leicester city centre. 7.30am start. £15 Members and £17.50 Non-Members exc. VAT 12th Mar Leicester Professionals Lunch at Shimla Pinks, Leicester at 12.00noon. Come and join us for an Indian buffet and network with other professionals. £12.50 for all exc. VAT. 19th Mar Northamptonshire Visit to SATRA, look behind the scenes at the research testing facility, visit to include buffet lunch. Price and Time TBC. 20th Mar Northamptonshire Breakfast Club at the Mariott Hotel, Eagle Drive, 7.30am start £15.74 for all exc. VAT. 2nd Apr Leicestershire Networking Breakfast at Leicester Tigers. 7.30am start. Speaker from Coutts Private Bank. £15 Members and £17.50 Non-Members exc. VAT. 29th Apr IoD Annual Convention at the Royal Albert Hall a unique event with speakers currently being finalised – more details at www.annualconvention.iod.com

11th Dec

12th Dec

20th Jan

27th Jan

5th Feb

10th Feb

11th Feb

17th/18th

Feb (TBC)

The 2009 programme still being finalised by your branch committees at the time going to press but in he meantime if you wish to reserve a place at any of these events please e-mail rebeca.poulter-suarez@iod.com or telephone 0115 982 3011 For more and up to date information visit www.iod.com/eastmidlands/events

BRAND NEW
Indian buffet and network with other professionals. £12.50 for all exc. VAT. Hotel, Eagle Drive, 7.30am start £18.50 No VAT. Evening time and price TBC Nottingham Forest Football Club Evening. Networking followed by seats for the game. Start time 6pm and price TBC. Leicestershire Networking Break at Leicester Tigers. 7.30am start. Speaker from Tenon Tax. 7.45am start, £15 No VAT team at Silverstone. Finalised details TBC Leicestershire Director's Supper. Following on from the huge success of Hilary Devey, of guest of honour and venue soon. Mark Samworth and Chris Corbin. Confirmation

Contacts

East Midlands
The Newsletter for members in Northamptonshire
Winter 2009

opportunity as we return to the castle. 6.30pm start.

Leicestershire Chair: Rachel Hargrave

Leicester Professionals Lunch at Shimla Pinks, Leicester at 12.00noon. Come and join us for an

Tel: 0870 243 0722
Lincolnshire Chair: James Pinchbeck

Tel: 01522 551 200
Northamptonshire Chair: Martin Straus

Northamptonshire Breakfast Club at the Marriott

Leicestershire Lecture at De Montfort University. Guest Speaker Graeme Leach, IoD Director of Policy.

Tel: 01480 811 833
Notts/Derbys Chair: Murray Macnab

Tel: 01332 546102

Page 2

Page 3
Member profile Ian Sneath of Exclusive Asset Management Ltd

Page 3&4

Page 4
Economic report Peter Fothergill

inside

A word from the Chairman

Events & Reviews

Education Leics:
barbara.chantrill@leics-ebc.co.uk

£15 Members and £17.50 Non-Members exc. VAT Kettering Breakfast at the Kettering Park Hotel,

Northants:
john.jones@northampton.ac.uk

DG Gives Positive Message to East Midlands Business
Director General Miles Templeman, visiting the region at the height of reports of recession, gave a positive message to the media and IoD members when he visited the East Midlands in October.
Whilst acknowledging the difficulties and challenges of the current economic climate, the Director General praised the region’s business initiatives and its enterprise culture. He commented: “The region is determined to ride out the economic storm and use this time to shape its business future. The East Midlands has a great deal to offer.” Transport issues, business support and the regional economy were on the agenda for his day visit to the region. It began with a tour and discussions at East Midlands Airport, which handles over 5 million passengers each year and is the UK’s largest pure freight airport. The Director General said: “EMA is an important regional and national asset but its express freight industry could be adversely affected by the Government’s planned Aviation Duty which could threaten jobs and damage the ability of small businesses to compete effectively in global markets.” He added: “Decisions about the future of aviation in this country must strike the right balance between the huge economic benefits of air travel and its environmental costs.” Nottingham is one of only six designated Science Cities in the UK, holding the national Science City Summit shortly after the DG’s visit. The Director General visited BioCity Nottingham Ltd, the company which develops and operates bioscience and healthcare related incubation and innovation facilities and is currently home to 60 fast-growing companies. He commented: “Nottingham is clearly on the international map as a major centre of international science and technology and innovation in research and business.” His visit culminated in discussions as part of a business forum at the launch of the region’s Business Support Strategy 2008 at emda (East Midlands Development Agency). The Director General spoke of the need to ensure business support services such as Business Link were accessible and well-known. IoD regional Chairs and Committee representatives met with the DG over a working lunch. He was welcomed to the region by IoD East Midlands Chairman Peter Fothergill and Regional Director Ron Lynch.
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Northamptonshire – Force India Visit, Silverstone Fascinating look behind the scenes of the Formula 1

Notts/Derbys: Kate Faulkner
elo.nottsandderby@iod.net

PR Advisors Janet Wootton

Tel: 0115 9139760
Paul Croft

absolute-design.co.uk

Tel: 01507 343753
For Events/Admin

Tel: 0115 982 3011
sue.charlesworth@iod.com rebeca.poulter-suarez@iod.com

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Next Issue Month ’09

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We gratefully acknowledge our regional sponsors
IoD News Winter 2009

}
Copy deadline: date ’09

Advert

Design by Absolute www.absolute-design.co.uk Printed by Taylor Bloxham www.taylorbloxham.co.uk

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www.iod.com/eastmidalnds

member profile: What interesting times! Since the summer we have seen the full impact of the financial sectors failure to itself perform the sort of due diligence it imposes on ‘real economy’ businesses; what hypocrisy. The Government has gone from zero to hero; what hubris. The unions, armed with the so called “Warwick” agreement are now moving back into play as the hand inside the glove puppet; what horror.
Meanwhile in the small to medium sized businesses the reality of the recession is causing real hardship and it has only just begun. Clearly support to business needs to be moved up a gear at such times but we continue to receive mixed messages. At the national level we still have the threat of the business rate supplement; there is no tangible easing of the regulatory burden and the costs of employing people continues to rise with extended flexible working. At the local level the launch of emda’s new Business Support Strategy on October 23rd did demonstrate a positive approach to business needs by streamlining and simplifying support into 5 key strategic objectives, each with a more focussed set of tools which it claims will be far more accessible. Copies of this document can be accessed via the emda website or through the IoD office at Trent Bridge and we will be monitoring our member experiences to ensure that this expensive service does indeed provide what businesses need in these difficult times and beyond. The meeting at emda also provided an opportunity for Miles Templeman, our Director General to comment to the assembled government, agency and business representatives on the IoD’s perspective which supported our key concerns in the region whilst also highlighting the upsides. These reflected his visit to East Midlands Airport and BioCity together with an enjoyable lunch involving regional committee members and sponsors. Hopefully Miles will be back in the region shortly as his visit was much appreciated by all those involved. Finally we are now more than ever needing to hear from members regarding their own experiences of the recession in order that we can represent your views both regionally and nationally. We do have the means to make your voice heard but please, feed in your comments with real information that provides good examples of what is happening on the ground – the stronger the evidence, the stronger will be our inputs and the greater chance of positively influencing policy at a time when it seems anything can happen!

Welcome
from the Chairman

Ian Sneath of Exclusive Private Clients
comments on how to become financially free
Ian Sneath joined the IoD 1 year ago. Since joining, Ian has found that meeting up with like minded fellow directors with similar business aspirations, has been incredibly enlightening. “All business owners are searching for the system which is the solution to the perfect business”. Ian attends events locally, whenever possible, but finds most of his time taken up with Exclusive Asset Management Ltd, a life planning firm based in Narborough Wood Park, Leicestershire which he co-founded.
“WE WANT all of our clients to be financially free! Building assets helps our clients to enjoy more riches in life; family, health, happiness and choices to do what they want to do.” Ian Sneath of Exclusive Asset Management says. “If you stop working today, an asset puts money in your pocket and a liability takes money from your pocket. Too often people call liabilities assets. It’s important to know the difference between the two”. Ian controversially challenges the idea that your home is an asset, as it takes money out of your pocket rather than putting money into your pocket. Cash flow forecasting is therefore, the key to wealth creation “Is it any surprise that people are in financial difficulty, borrowing more and more and saving less and less. You can never have true freedom without financial freedom. Many people have no idea where they are heading financially. “At Exclusive Asset Management we have invested heavily in computer software that plots our client’s future lifestyle and helps them make decisions that will enable them to become financially free and ensure that they build their asset column in the right way”. Exclusive Asset Management offers a one-hour free consultation to ascertain where you are now and where you want to be in the future and gives you the opportunity to follow a simple five-step process to becoming financially free. “It’s not how much money you make that’s important – it’s how much money you keep and how long you keep it for”, Ian says. “We help many people protect their wealth throughout their life and pass it onto their loved ones at the correct time.” Ian would like to offer a FREE 90 minute consultation to fellow IoD members, call 0116 239 0371 and quote IoD.

Martin Straus

I had a mini-stroke a few months back, and was in no state to personally write the previous quarterly message. I’m pleased to say I’m virtually recovered, but treat that unpleasant experience as a warning. Sarah Canning, Branch ViceChairman and Membership Officer wrote an exemplary message and supervised branch committee matters. I should like to thank her for her considerable contribution, bearing in mind her activities include Regional IoD Young Directors Organiser and a Northamptonshire Ambassador, as well as practising as a very active senior partner in a firm of solicitors. I also wish to thank two committee members in particular who worked closely with Sarah – John Jones and Tony Robbs.
The Chinese refer to “interesting” times, and how true that is today. I am contacted by the press frequently for a comment on how our members in Northamptonshire are faring, and one has to take great care in how one phrases the response. I was at Nottingham recently when Miles Templeman, our DG, addressed members of emda. He made clear there is little point in avoiding the word ‘recession’ but also to adopt a positive attitude. I was very pleased when a committee member from another branch complimented me on our events. Your committee work extremely hard on organising these, and it is always disheartening when the take-up is low. In the future, we are planning slightly fewer events, and aiming at more high profile ones, but still affordable. The visit to Haddonstone was attended by a small but select band, but those came really enjoyed themselves; the tour was followed by an excellent meal. We also had a return visit to the Charles Rennie Mackintosh House in Northampton, which was almost at capacity, and once again, enjoyed immensely by all. By the time you read this, our House of Lords Dinner will have been and gone, and I am confident those members who attend will have had an exceptional meeting. We are particularly grateful to Lord Taylor of Holbeach, CBE for hosting the event, and to Miles Templeman for attending. More news in the next newsletter. Forthcoming events also include our pre-Christmas meeting at the delightful Rockingham Castle on 10th December, which was exceptionally well-attended in 2006, and tickets are still available. The visit includes an ideal opportunity to enjoy an outstanding dinner and to buy those last-minute Christmas gifts! In February we have an exciting visit to Force India at Silverstone. Watch out for the flier and book early, as places are limited and demand will undoubtedly be high! I look forward to meeting as many members as possible over the next few months, and take this opportunity of wishing you the Compliments of the Season.

How much money is enough?
BIG questions, like how much is enough to never run out of money and being able to focus on the things in life you really enjoy, can all be answered with the help of Exclusive Asset Management's financial planning service. Expert use of specialist software produces a graphic picture showing the reality of each individual financial future it explores. “Working together we can model ‘what if’ scenarios to demonstrate various different outcomes you can create with the money going in and out of your personal ‘pot’. “Many clients have found they can retire years earlier when armed with the truth about their money. Others identify how they can work towards being financially secure for the rest of their lives.

“ We help our clients
identify what is important to them and the things they want to achieve in their lifetime, then carry out a financial planning analysis using sophisticated software.”

Peter Fothergill
East Midlands Regional Chairman

Contact me either by email or phone. My contact details are:

Tel: 01480 811 833 Email: martin.straus@winetrainers.com

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Business Leaders Dinner
Winter 2009 Red Letter Day for Dragon and Young Directors
At a capacity event our annual Business Leaders Dinner was judged a success by members, guests, sponsors and indeed the speaker.
As the cricketing season drew to a close the Derek Randall Suite at Trent Bridge provided a perfect venue for the event. The late September weather added to the atmosphere of this unique venue. Sponsors Blackberry and were delighted with the event and they were joined by Leicester based Scancom, the UK’s first independent BlackBerry centre owned by brothers Chen and Kal Kotecha. Chen and Kal also provided a brand new Blackberry for the prize draw which raised over £1,300 for local charity FunDays for children and young adults with significant disabilities. The speaker was Rachel Elnaugh, one of Britain’s highest profile female entrepreneurs, who now lives in Bakewell, Derbyshire. Rachel gave a fascinating insight into the challenges of running a fast growing business only to see it eventually snapped up by two of her fellow dragons from BBCTV’s BAFTA nominated cult business show Dragons’ Den.
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Events & Reviews
Networking Lunch 25th September 2008
With the potential distraction of the cricket game between Nottingham and Hampshire at Trent Bridge Cricket ground, guests attending the networking lunch on Thursday 25th September heard from cricket fan Karen Foulds.

Grimsby Evening Telegraph
The editorial team at the Grimsby Telegraph, a sister paper to the Lincolnshire Echo welcomed a small group of Lincolnshire members to take a morning tour of the press office. This was followed by a trip to a traditional fish and chip restaurant for lunch.

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Karen Foulds is the Customer Services Director for Jobcentre Plus East Midlands and spoke openly about how she manages to cope in a high pressured job whilst successfully caring for and bringing up a young child. Karen has worked with the Jobcentre her whole life and is an example of a successful modern day woman. Karen kept the room enthralled with her dedicated enthusiasm for Jobcentre Plus, so much so that the cricket was forgotten about, briefly!

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September And October Breakfast
Members attending September’s Leicester Breakfast, held at Leicester Tiger's ground, were the audience of Rik Pipe’s speech named ‘Digital Recession’. Members were able to get to grips with the importance of maintaining their business websites, both for the benefit of their customers and their internal departments.

For the first time, the event included the inaugural Young Director of the Year Award. This was won by Adam Harris and Mark Lambert of Bear-IT in Nottinghamshire. We’re grateful to Lloyds TSB Commercial for their sponsorship of the award and assistance with the judging. Our Regional Chairman Peter Fothergill said “We are delighted that this event has become part of the Nottingham and indeed wider East Midlands business calendar. The Young Director of the Year award was an added attraction which will be repeated next year. We also plan to introduce a Director of the Year award for the first time”.

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Charles Rennie Mackintosh
Without a doubt the return to the Charles Rennie Mackintosh House was as much of a triumph as the first visit last year. Members enjoyed a tour of the famous house at 78 Derngate, which was re-modelled by the renowned Scottish architect and world famous model maker Pictured (L-R) Person’s Name, Person’s Name, Charles Rennie Mackintosh for Person’s Name and Person’s Name the Northampton businessman Wenman Joseph Bassett-Lowke 1916-17. Guests were able to witness first hand the £1.4 million restoration that was undertaken to the House so many years ago. After the tour a delicious meal was served next door in the charming Dining Room at No. 80. This newsletter is now available in an audio version that you can receive directly on your mobile ‘phone, iPod or computer. This great new piece of technology is brought to you by Wile and sponsored by The Phoenix Partners,ensuring that you catch up on all the local and regional news. To access visit www.iod.com.

Regional Comments
I’m very pleased to welcome St James Place as a new regional sponsor and, in particular, Susan Cain and Dusty Durham who you’ll see at some of our events in Nottingham
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and Leicester. I very much hope that their relationship with IoD will continue to develop over the coming year.
We’ve come through a very busy period of events and consultations and there’s no let up as we work with our committees to plan the programme for 2009, ensuring as always that there’s something for everyone. Our regional sponsors and event sponsors have been very supportive and we’re looking forward to them renewing their commitment to work with us.

Haddonstone
The delightful gardens at Haddonstone made for a perfect end to a brief summer for IoD members and their guests. With fine weather and beautiful surroundings members were able to enjoy a tour and talk lead by Haddonstone’s Marketing Director Simon Scott around the acclaimed show gardens. Established in 1971 Haddonstone has expanded to become an international group with offices and manufacturing facilities in both the United Kingdom and the United States of America. Specialising in fine garden and landscape ornaments it was not hard to see how Haddonstone Ltd had made a name for themselves.

In October then saw the Leicester Breakfast attendees heard from another interesting speaker, this time Debbie Read, the Director of Arts & Business East Midlands. This time guests were shown how the Arts can benefit businesses, both large and small. The ideas ranged from creative visits for employees to how the design of office space can affect motivation.

raise on your behalf. We’re members of the East Midlands Business Forum which has regular meetings with Regional Minister Phil Hope MP, East Midlands Development Agency, Government Office for the East Midlands, Business Link and others. I also pass information on business sentiment and problems faced by businesses to emda and Government Office. There are often other opportunities to voice members’ views and concerns – for example, at the beginning of October I attended a meeting addressed by Gordon Brown who was very keen to hear about the affects of the current economic climate on businesses. So, please feel free to contact me by phone or e-mail at ron.lynch@iod.com. I’d like to take this opportunity to thank our members and sponsors for your support in 2008 and look forward to this continuing throughout 2009. I’ll end by wishing you, your families and colleagues a very happy Christmas.

Picture Quality ?
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With a full continental breakfast members were able to sit back and get to grips with two sides of business that may not be high on Director’s agendas at the moment. However, both Rik and Debbie both excellently demonstrated how simple problems can be easily rectified with extremely satisfying results. It’s safe to say members were given some early morning food for thought this quarter!

Our Young Director of the Year award was so successful that we will be running it again in 2009. In addition, we’ll also be introducing a Director of the Year award and winners of both awards will go forward into the IoD’s prestigious national Director Awards. We are now looking for companies who would like to be associated with our regional awards as sponsors so please get in touch if you’re interested in either or both of these opportunities. Watch out for more news in the New Year. We continue to represent members at the local, regional and national level and would welcome comments and views from you on any issue you’d like us to

Ron Lynch
East Midlands Regional Director

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Supporting business in challenging times The East Midlands Debate
By Pat Zadora, Chairman of the East Midlands Business Forum
The current challenging economic climate is clearly at the forefront of most peoples’ minds at present – particularly so for those of us in business.
The speed with which market conditions have changed is bewildering and, without doubt, it has caused a significant reaction in Government circles with an increasing flow of initiatives designed to help mitigate the effects of the downturn.

on the Talent Challenge!
On Monday 13 October 2008 Business in the Community in the East Midlands held its Regional Talent Debate. At this debate The Prime Minister addressed (by video messaging) an audience of 150 businesses, senior politicians and representatives from education and the community on the need to tackle the UK’s talent challenge, one of the gravest issues facing the country today. The debate, hosted by Portland College in Mansfield, was part of a series of regional events which looked at ways of developing talent and skills inside and outside the workplace. Ron Lynch participated on behalf of IoD. Over the next decade, companies will see large numbers of unskilled jobs being replaced by those requiring higher skills. Government research suggests that, by 2014, Britain will need to train nearly two million workers to remain truly competitive in a global marketplace. The threat to both our economic prosperity and social cohesion if we do not address this challenge is huge. Instigated by the call to action from Prime Minister Gordon Brown at the Leadership Summit last December, Business in the Community is working in a coalition across business, Government (the Talent and Enterprise Taskforce, DIUS, DCSF, DWP and BERR) and key community agencies to begin to develop a common purpose about what is needed to raise the game on productivity and effectiveness in the workforce and in education. For more information on this debate and future action go to:
http://www.bitc.org.uk/workplace/talent/#key_contact_on_talent

Innovative Teach First offer ‘Summer Projects’ to leading East Mid businesses
The prestigious Teach First programme is setting up a regional office in the East Midlands in January 2009, meaning the most challenging schools in our region will be able to apply to have the UK’s finest graduates teaching in the hardest to fill teaching posts. The graduate recruitment programme that has now placed over 1000 exceptional graduates in the most challenging schools in London, Manchester, Liverpool and Birmingham, combines ‘on the job’ teacher training with cutting-edge leadership development opportunities over the course of the two year intensive programme. This exciting development will allow the region’s leading businesses and leaders to benefit in several ways. Teach First’s ‘Summer Projects’ scheme is one such way. Businesses will be invited to offer discrete 1-3 week projects that would benefit their organisation for Teach First’s high-calibre participants to apply for during the school holidays after their first year of teaching. Nationally this scheme has seen businesses seeing immense value in the ‘Summer Projects’, not only with the calibre of the participant but also in the positive impact that they make over a short period of time. If you would like to know more about Teach First and how you could benefit from their ‘Summer Projects’ scheme, contact Matthew Sheldon, Regional Director – East Midlands, Tel: 0121 500 0764 Email: Msheldon@teachfirst.org.uk Visit the Teach First website at http://www.teachfirst.org.uk/

Lloyds TSB and KPMG triumph yet again!
Lloyds TSB and KPMG have again won prestigious accolades at the CBI/Real FD Excellence Awards held recently at The Marriott London Grosvenor Square.
Lloyds TSB has been named ‘Bank of the Year’ for the fourth year in a row by the UK’s finance directors in recognition of the service it offers to its corporate and commercial customers. Whilst KPMG won the ‘Auditor of the Year’ award in the ‘Big Four’ category jointly with Ernst & Young.

Autumn offers to fall for

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Or contact the Regional East Midlands Team on 0115 924 7400

Pictured are Roger Galbraith, Area Director, Lloyds TSB Commercial, East Midlands and Roger Summerton, Senior Partner KPMG Nottingham.

Roger Galbraith, Area Director for Lloyds TSB Commercial in the East Midlands, said: “This is a powerful endorsement that underpins our reputation in the market. To win this award again is fantastic and I believe recognises the excellent service we provide to our customers day in, day out.” Roger Summerton, senior partner at KPMG in Nottingham, said: “We are extremely proud that finance directors have, for the fourth year in a row, rated our audit services second to none. Their views are significant, because they are the people who see their auditors in action at first hand and judge them accordingly. At KPMG, we invest significant time and energy in developing open and constructive relationships with our clients, and in training and developing our people to perform to the very best of their abilities. This award is a reflection of the commitment and quality of our audit teams.” Hundreds of finance directors from across the UK were asked to vote in this the largest satisfaction survey of its kind, rating their satisfaction with companies that provide services to UK businesses. The service provided by different external suppliers was judged based on finance directors’ real experiences. If you would like to talk to either Rogers to see how their teams can add to your business – please call Roger Galbraith on 0115 947 1144 and Roger Summerton on 0115 935 3440.

The EMBF, representing all the key business representative organisations in the East Midlands including the IOD, has been central to numerous debates over recent months – all designed to advise Government – and its various agencies – on the wisest course of action. Indeed, only this month we've been invited, alongside some of our individual business organisations, to sit on the newly formed Regional Economic Cabinet which we hope will serve to sharpen Government thinking in the coming months. We have welcomed initiatives which the Regional Development Agency (emda) has taken in terms of marshalling its business support activities principally through Business Link and, in this respect, the East Midlands is fortunate in having one of the best performing Business Link organisations in the country. Emda is clearly pointing companies in Business Link’s direction so they can receive the best help and advice in terms of tackling the individual problems they may be facing. It must be a call worth making. At a time when Government is looking to RDAs to step up their efforts however it seemed a curious decision, to say the least, to then raid their budgets by £300m in order to fund the HomeBuy Direct housing initiative. The Government’s decision will mostly fall on spending in 2010/11, but the impact on emda's partner organisations implementing various programmes will be immediate and there could be an impact on capital investment in manufacturing, science, technology and skills provision. Long-term funding for economic development is the best way of mitigating the effects of changing economic conditions but this ill-considered move will cause great uncertainty as the agency has to reconsider its priorities.

Loughborough Uni/Bear IT
3 for 2 breaks around Britain this autumn, in association with InterContinental Hotels Group (IHG).
Autumn is a perfect time to get out and enjoy Britain in all its splendour, from major cities with their world famous museums, palaces and impressive architecture, to picturesque chocolate box villages in the heart of the countryside. IHG is offering IoD members a special three nights for the price of two* weekend break at participating IHG hotels across the UK including: • Crowne Plaza hotels • Holiday Inn hotels • Express by Holiday Inn hotels Simply choose your location, make the booking and get away for three nights for the price of one before 26 December 2008. And remember, as IoD members you can take advantage of an extra 10% off mid-week stays and an even more rewarding 25% off weekend stays, any time of the year.** To take advantage of this great offer, visit www.iod.com/hotels or call 0870 400 9221 quoting ‘3 for 2’. To make any other booking, visit www.iod.com/hotels or call 0870 400 9221 quoting ‘954286003’ for weekday stays and ‘exclusive’ for weekend stays. * Visit www.iod.com/hotels for full terms and conditions of this offer. ** The 10% weekday discount applies at participating InterContinental, Crowne Plaza, Holiday Inn and Express by Holiday Inn hotels. The 25% weekend discount applies at participating Crowne Plaza, Holiday Inn and Express by Holiday Inn hotels (a 15% discount applies at participating InterContinental Hotels). Visit www.iod.com/hotels for full terms and conditions of these offers.

Our Business Leaders Dinner this year saw the presentation of our inaugural Young Director of the Year award to Adam Harris and Mark Lambert of Bear IT. Adam and Mark are pictured receiving their award from Roger Galbraith the Area Director of Lloyds TSB Commercial who sponsored the award. The runners up were Scott Snaith of 50 Cycles in Loughborough and Mike Higgins of Hydrock in Northamptonshire. We were very pleased with the response and the very high calibre of the entrants which reflects the talent that we have here in the East Midlands.

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East Midlands
The Newsletter for members in Leicestershire
Winter 2009

Page 2

Page 3
Member profile Ian Sneath of Exclusive Asset Management Ltd

Page 3&4

Page 4
Economic report Peter Fothergill

inside

A word from the Chairman

Events & Reviews

DG Gives Positive Message to East Midlands Business
Director General Miles Templeman, visiting the region at the height of reports of recession, gave a positive message to the media and IoD members when he visited the East Midlands in October.
Whilst acknowledging the difficulties and challenges of the current economic climate, the Director General praised the region’s business initiatives and its enterprise culture. He commented: “The region is determined to ride out the economic storm and use this time to shape its business future. The East Midlands has a great deal to offer.” Transport issues, business support and the regional economy were on the agenda for his day visit to the region. It began with a tour and discussions at East Midlands Airport, which handles over 5 million passengers each year and is the UK’s largest pure freight airport. The Director General said: “EMA is an important regional and national asset but its express freight industry could be adversely affected by the Government’s planned Aviation Duty which could threaten jobs and damage the ability of small businesses to compete effectively in global markets.” He added: “Decisions about the future of aviation in this country must strike the right balance between the huge economic benefits of air travel and its environmental costs.” Nottingham is one of only six designated Science Cities in the UK, holding the national Science City Summit shortly after the DG’s visit. The Director General visited BioCity Nottingham Ltd, the company which develops and operates bioscience and healthcare related incubation and innovation facilities and is currently home to 60 fast-growing companies. He commented: “Nottingham is clearly on the international map as a major centre of international science and technology and innovation in research and business.” His visit culminated in discussions as part of a business forum at the launch of the region’s Business Support Strategy 2008 at emda (East Midlands Development Agency). The Director General spoke of the need to ensure business support services such as Business Link were accessible and well-known. IoD regional Chairs and Committee representatives met with the DG over a working lunch. He was welcomed to the region by IoD East Midlands Chairman Peter Fothergill and Regional Director Ron Lynch.
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www.iod.com/eastmidalnds

Welcome
from the Chairman

Rachel Hargrave

Whilst out and about recently, a client of mine reminded me of a quote from a very famous American tycoon (whose name, of course, completely escapes me now). This wise gentleman said something like, “You have to be fearless when everyone's fearful, and fearful when everyone's fearless.”
That apparently was the secret to his success (and very successful he remains to be). Can we learn anything from it? Over the last few months the world has looked very different to some, and exactly the same to others. Some businesses and sectors continue to do well whilst others are undeniably struggling. How can we make sense of it all and what, if anything can we be doing? Well, one thing's for sure and that is that it's pretty unlikely that there will be any major support coming from the Government (though the conversations continue I'm sure), but there is still support being offered regionally via emda and locally via Business Link. Do get in touch and be persistent if there is something you're looking for whether that is funding or expertise in a specific area. The old adage, “If you don't ask, you don't get” should never be forgotten! It's also a time when help appears from unlikely sources. I've been hearing many stories about colleagues, and even competitors, who are working together in new ways to maximise opportunities and to find new opportunities, and don't let's forget the talent our Universities hold too. Recently a colleague talked to me about a new service they were looking to develop. They could see market potential but didn't have the internal knowledge necessary to develop a new offering from scratch. De Montfort University stepped in and offered to work with them to understand the business question and the market opportunity. A full day brainstorm meeting took place at which a mix of academics and people from the business grew to understand the full opportunity and the business possibilities. Work continues within the business but the day was, I am told, a fantastic start and provided not only the intellectual insight that the company didn't at that time possess itself, but help in shaping up an initial business offer. And the cost? Nothing. Free. Gratis. The University gained insight by seeing how (in this case) the technology could be used in business and the business gained real, credible insight into the latest technology so that they could begin to harness it into a commercial offer. So, perhaps if we can remain fearless when others are fearful, and keep asking questions of ourselves, our businesses and our markets, we too can remain, or regain, our business confidence.

What interesting times! Since the summer we have seen the full impact of the financial sectors failure to itself perform the sort of due diligence it imposes on ‘real economy’ businesses; what hypocrisy. The Government has gone from zero to hero; what hubris. The unions, armed with the so called “Warwick” agreement are now moving back into play as the hand inside the glove puppet; what horror.
Meanwhile in the small to medium sized businesses the reality of the recession is causing real hardship and it has only just begun. Clearly support to business needs to be moved up a gear at such times but we continue to receive mixed messages. At the national level we still have the threat of the business rate supplement; there is no tangible easing of the regulatory burden and the costs of employing people continues to rise with extended flexible working. At the local level the launch of emda’s new Business Support Strategy on October 23rd did demonstrate a positive approach to business needs by streamlining and simplifying support into 5 key strategic objectives, each with a more focussed set of tools which it claims will be far more accessible. Copies of this document can be accessed via the emda website or through the IoD office at Trent Bridge and we will be monitoring our member experiences to ensure that this expensive service does indeed provide what businesses need in these difficult times and beyond. The meeting at emda also provided an opportunity for Miles Templeman, our Director General to comment to the assembled government, agency and business representatives on the IoD’s perspective which supported our key concerns in the region whilst also highlighting the upsides. These reflected his visit to East Midlands Airport and BioCity together with an enjoyable lunch involving regional committee members and sponsors. Hopefully Miles will be back in the region shortly as his visit was much appreciated by all those involved. Finally we are now more than ever needing to hear from members regarding their own experiences of the recession in order that we can represent your views both regionally and nationally. We do have the means to make your voice heard but please, feed in your comments with real information that provides good examples of what is happening on the ground – the stronger the evidence, the stronger will be our inputs and the greater chance of positively influencing policy at a time when it seems anything can happen!

Peter Fothergill
East Midlands Regional Chairman

Contact me either by email or phone. My contact details are:

Tel: 0870 243 0722 Email: rachel@thephoenixpartners.com

2

East Midlands
The Newsletter for members in Lincolnshire
Winter 2009

Page 2

Page 3
Member profile Ian Sneath of Exclusive Asset Management Ltd

Page 3&4

Page 4
Economic report Peter Fothergill

inside

A word from the Chairman

Events & Reviews

DG Gives Positive Message to East Midlands Business
Director General Miles Templeman, visiting the region at the height of reports of recession, gave a positive message to the media and IoD members when he visited the East Midlands in October.
Whilst acknowledging the difficulties and challenges of the current economic climate, the Director General praised the region’s business initiatives and its enterprise culture. He commented: “The region is determined to ride out the economic storm and use this time to shape its business future. The East Midlands has a great deal to offer.” Transport issues, business support and the regional economy were on the agenda for his day visit to the region. It began with a tour and discussions at East Midlands Airport, which handles over 5 million passengers each year and is the UK’s largest pure freight airport. The Director General said: “EMA is an important regional and national asset but its express freight industry could be adversely affected by the Government’s planned Aviation Duty which could threaten jobs and damage the ability of small businesses to compete effectively in global markets.” He added: “Decisions about the future of aviation in this country must strike the right balance between the huge economic benefits of air travel and its environmental costs.” Nottingham is one of only six designated Science Cities in the UK, holding the national Science City Summit shortly after the DG’s visit. The Director General visited BioCity Nottingham Ltd, the company which develops and operates bioscience and healthcare related incubation and innovation facilities and is currently home to 60 fast-growing companies. He commented: “Nottingham is clearly on the international map as a major centre of international science and technology and innovation in research and business.” His visit culminated in discussions as part of a business forum at the launch of the region’s Business Support Strategy 2008 at emda (East Midlands Development Agency). The Director General spoke of the need to ensure business support services such as Business Link were accessible and well-known. IoD regional Chairs and Committee representatives met with the DG over a working lunch. He was welcomed to the region by IoD East Midlands Chairman Peter Fothergill and Regional Director Ron Lynch.
Pictured (L-R) Person’s Name, Person’s Name, Person’s Name, Person’s Name and Person’s Name Pictured (L-R) Person’s Name, Person’s Name, Person’s Name and Person’s Name

Pictured (L-R) Person’s Name, Person’s Name, Person’s Name and Person’s Name

Pictured (L-R) Person’s Name, Person’s Name and Person’s Name

www.iod.com/eastmidalnds

Welcome
from the Chairman

James Pinchbeck

Where have the last three years gone?! As I start to write this, my last missive, I have taken the opportunity to look back to the first column I wrote for the newsletter. It can often be the case that we look back on what we set out to do and unfortunately have achieved little of what we intended or planned. In terms of the Lincolnshire branch I am pleased to say that as a committee I feel we have achieved a great deal of my aspirations as outlined in my induction. In terms of raising the profile of the branch we do seem to have a much higher profile than ever before, with our wider efforts complementing the excellent work of Paul Croft our Public Relations officer. Through the local business media, including radio and the wider business community, we are now approached more frequently for opinion and comment. The culmination for me this year has been the special visit from Pall Mall by Alexander Ehmann, Head of Parliamentary and Regulatory Affairs, to one of our Directors Discussions with the opportunity for members to raise issues and provide grassroots feedback at a national level. Overall membership has remained relatively static and we have addressed the need to engage individuals in senior roles from organisations not traditionally thought of as IoD prospects. I am especially pleased that we have welcomed new members from the public sector and not-forprofit organisations. We have also seen an increased number of women joining; hopefully this is a reflection both in the increasing numbers of senior roles occupied by women and a reflection that the IoD is recognised as a benefit to a wider audience. Over the last three years, the branch programme has been packed with a variety of events and as result we are experiencing some of the highest level of membership engagement at a branch level in the country. Personal highlights have been the visit to Morgan Cars, our behind the scenes trip to Honda Racing, the now annual wine tasting, the visit to the farm enterprise of member Rob Borrill and, our last visit of the year, the Grimsby Evening Telegraph and our special fish and chip lunch - they were mouth watering. Unfortunately as a non golfer I did not tee off at our annual golf day, but I know many of our members enjoy the competition and I am especially grateful to Stephen Cousin for organising it. Our visits and tours have been augmented by special presentation, lectures and our exceptional success in securing two visits from the IoD's Director General, Miles Templeman. Inspiration and motivation have been in abundance whether it was listening to Anna Hemmings the World Champion Canoeist at last year's inaugural Christmas lunch or Graeme Leach the IoD's Chief Economist and visiting Professor of the University of Lincoln. We have also enjoyed hearing Professor Andrew Atherton provide a unique insight into conducting business in China and colleague Professor Coulson Thomas stimulating minds with fresh thinking on innovation. As we approach the second of our new style Christmas lunches I am confident this year's guest speaker, business guru David Hall, leave us with an appetite for aspiring to and achieving more in our day to day roles and business generally after presenting on the topic of Doing it Differently, even if we are replete from the lunch. As this is my last column I would like to take the opportunity to thank the committee for their support over the last three years. We all have busy day jobs and it's only through our collective involvement that the branch will develop and prosper. Thanks also to the members who have supported events; it has been a sincere pleasure meeting so many diverse and interesting people. And finally my personal thanks go to Ron Lynch and the team at Trent Bridge for their help and support, without them, and especially Sue Charlesworth, the Senior Administrator, our branch would not be the success it is. In closing I wish my successor, Stacey Murphy, all the best in her role as Branch Chairman and I look forward to being an active member.

What interesting times! Since the summer we have seen the full impact of the financial sectors failure to itself perform the sort of due diligence it imposes on ‘real economy’ businesses; what hypocrisy. The Government has gone from zero to hero; what hubris. The unions, armed with the so called “Warwick” agreement are now moving back into play as the hand inside the glove puppet; what horror.
Meanwhile in the small to medium sized businesses the reality of the recession is causing real hardship and it has only just begun. Clearly support to business needs to be moved up a gear at such times but we continue to receive mixed messages. At the national level we still have the threat of the business rate supplement; there is no tangible easing of the regulatory burden and the costs of employing people continues to rise with extended flexible working. At the local level the launch of emda’s new Business Support Strategy on October 23rd did demonstrate a positive approach to business needs by streamlining and simplifying support into 5 key strategic objectives, each with a more focussed set of tools which it claims will be far more accessible. Copies of this document can be accessed via the emda website or through the IoD office at Trent Bridge and we will be monitoring our member experiences to ensure that this expensive service does indeed provide what businesses need in these difficult times and beyond. The meeting at emda also provided an opportunity for Miles Templeman, our Director General to comment to the assembled government, agency and business representatives on the IoD’s perspective which supported our key concerns in the region whilst also highlighting the upsides. These reflected his visit to East Midlands Airport and BioCity together with an enjoyable lunch involving regional committee members and sponsors. Hopefully Miles will be back in the region shortly as his visit was much appreciated by all those involved. Finally we are now more than ever needing to hear from members regarding their own experiences of the recession in order that we can represent your views both regionally and nationally. We do have the means to make your voice heard but please, feed in your comments with real information that provides good examples of what is happening on the ground – the stronger the evidence, the stronger will be our inputs and the greater chance of positively influencing policy at a time when it seems anything can happen!

Peter Fothergill
East Midlands Regional Chairman

Contact me either by email or phone. My contact details are:

Tel: 01522 551 200 Email: JPinchbeck@streetsweb.co.uk

2

East Midlands
The Newsletter for members in Nottinghamshire and Derbyshire
Winter 2009

Page 2

Page 3
Member profile Ian Sneath of Exclusive Asset Management Ltd

Page 3&4

Page 4
Economic report Peter Fothergill

inside

A word from the Chairman

Events & Reviews

DG Gives Positive Message to East Midlands Business
Director General Miles Templeman, visiting the region at the height of reports of recession, gave a positive message to the media and IoD members when he visited the East Midlands in October.
Whilst acknowledging the difficulties and challenges of the current economic climate, the Director General praised the region’s business initiatives and its enterprise culture. He commented: “The region is determined to ride out the economic storm and use this time to shape its business future. The East Midlands has a great deal to offer.” Transport issues, business support and the regional economy were on the agenda for his day visit to the region. It began with a tour and discussions at East Midlands Airport, which handles over 5 million passengers each year and is the UK’s largest pure freight airport. The Director General said: “EMA is an important regional and national asset but its express freight industry could be adversely affected by the Government’s planned Aviation Duty which could threaten jobs and damage the ability of small businesses to compete effectively in global markets.” He added: “Decisions about the future of aviation in this country must strike the right balance between the huge economic benefits of air travel and its environmental costs.” Nottingham is one of only six designated Science Cities in the UK, holding the national Science City Summit shortly after the DG’s visit. The Director General visited BioCity Nottingham Ltd, the company which develops and operates bioscience and healthcare related incubation and innovation facilities and is currently home to 60 fast-growing companies. He commented: “Nottingham is clearly on the international map as a major centre of international science and technology and innovation in research and business.” His visit culminated in discussions as part of a business forum at the launch of the region’s Business Support Strategy 2008 at emda (East Midlands Development Agency). The Director General spoke of the need to ensure business support services such as Business Link were accessible and well-known. IoD regional Chairs and Committee representatives met with the DG over a working lunch. He was welcomed to the region by IoD East Midlands Chairman Peter Fothergill and Regional Director Ron Lynch.
Pictured (L-R) Person’s Name, Person’s Name, Person’s Name, Person’s Name and Person’s Name Pictured (L-R) Person’s Name, Person’s Name, Person’s Name and Person’s Name

Pictured (L-R) Person’s Name, Person’s Name, Person’s Name and Person’s Name

Pictured (L-R) Person’s Name, Person’s Name and Person’s Name

www.iod.com/eastmidalnds

Welcome
from the Chairman

Murray Macnab

A week is a long time in politics – but not half as long as in the banking world
By the time you read this I really do hope that the climate has settled down and I do not mean the weather! What strikes me is the impact that this is going to have on the prevalent assumption underpinning growth i.e. leverage. How are we going to create vigorous growth, innovation, improved return on investment, shareholder value and employment without significant debt funding? I expect that the answer in short will be 'the same way we recovered the last time and the time before that'. There is much talk about retaining the capability to recover and that requires resolute forward thinking. We are however seeing equity investors stepping in where the banks have traditionally held sway. It provides those investors with an opportunity to invest in companies that would have not been available to them and can, at a price, provide much needed capital for businesses to survive and then grow. There are certainly those well placed to take opportunities that the lower pricing expectations of sellers of companies afford and much of the current activity as I write and going forward, will be associated with them. One conundrum that is relevant is the degree to which businesses reduce training. In an ideal world companies would continue to train to be ready to act when the opportunity arises and also to cope more effectively with the challenges along the way. Part of the answer could be the practical assistance, funding and support available through Business Link. The Business Support offering has now been through its distillation and we are assured that the new model is much better with very high satisfaction surveys to boot. As we draw to the end of 2008, there is a moment to reflect. I would urge you to join me at the Annual Members Meeting on Tuesday 9 December to share your thoughts and impressions of the IoD locally and beyond. As I look back over the three years as Chair of the Branch the way in which the Branch works within the IoD nationally has evolved. It would be good to know how it is for you and also to hear what sort of events you would like next year. We have a special backdrop to our Members Meeting and that is the follow-on event with Bang & Olufson in Nottingham. Much has been said about innovation in all its forms and here is a great opportunity to hear about a company that lives by that. It is also a chance to kick-back with other directors and try out your favourite tracks on the phenomenal equipment there. I look forward to seeing you there.

What interesting times! Since the summer we have seen the full impact of the financial sectors failure to itself perform the sort of due diligence it imposes on ‘real economy’ businesses; what hypocrisy. The Government has gone from zero to hero; what hubris. The unions, armed with the so called “Warwick” agreement are now moving back into play as the hand inside the glove puppet; what horror.
Meanwhile in the small to medium sized businesses the reality of the recession is causing real hardship and it has only just begun. Clearly support to business needs to be moved up a gear at such times but we continue to receive mixed messages. At the national level we still have the threat of the business rate supplement; there is no tangible easing of the regulatory burden and the costs of employing people continues to rise with extended flexible working. At the local level the launch of emda’s new Business Support Strategy on October 23rd did demonstrate a positive approach to business needs by streamlining and simplifying support into 5 key strategic objectives, each with a more focussed set of tools which it claims will be far more accessible. Copies of this document can be accessed via the emda website or through the IoD office at Trent Bridge and we will be monitoring our member experiences to ensure that this expensive service does indeed provide what businesses need in these difficult times and beyond. The meeting at emda also provided an opportunity for Miles Templeman, our Director General to comment to the assembled government, agency and business representatives on the IoD’s perspective which supported our key concerns in the region whilst also highlighting the upsides. These reflected his visit to East Midlands Airport and BioCity together with an enjoyable lunch involving regional committee members and sponsors. Hopefully Miles will be back in the region shortly as his visit was much appreciated by all those involved. Finally we are now more than ever needing to hear from members regarding their own experiences of the recession in order that we can represent your views both regionally and nationally. We do have the means to make your voice heard but please, feed in your comments with real information that provides good examples of what is happening on the ground – the stronger the evidence, the stronger will be our inputs and the greater chance of positively influencing policy at a time when it seems anything can happen!

Peter Fothergill
East Midlands Regional Chairman

Contact me either by email or phone. My contact details are:

Tel: 01332 546 102 Email: murray.macnab@freethcartwright.co.uk


				
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