About Chesterfield

New Festive Fayre announced for Chesterfield

A new three day Christmas Fayre has been announced set to take place in New Square from the 22nd – 24th December.

The Chesterfield Festive Fayre, organised by Cobbled Street Events and supported by Chesterfield Borough Council, will be a welcome addition to the towns festive event calendar.

There will be a number of quality stalls, selling festive gifts and food and plenty of family friendly festive activities including a visit from Santa, fun rides, donkey rides, street entertainers, flash mob, stalls galore and much more.

Alongside the market there will be a variety of entertainment acts from a top Michael Buble tribute performing on Friday to Princess Anna & Elsa (from Disney’s Frozen) and Spiderman visiting the Fayre on Saturday. There will also be an opportunity for local acts to perform in the ‘busking challenge’ being held over the event.

The event is set to be streamed live on S41 local radio from the stage in New Square.

Peter & Rob, representatives of Cobbled Street Events and organisers of Chesterfield Christmas Fayre, said:-

“We are two market traders, with over 50 years experience of trading, and running markets and events.

“The council have given us the chance to bring the town, people and local business’s of Chesterfield together, to have a great free fabulous family 3 day event.”

Chesterfield Festive Fayre

Posted in About Chesterfield, Christmas

Perez Duo Set the Pace on R.A.C. Rally

Chesterfield motorsport duo father and son, Steve and Seb Perez, took the Welsh and Scottish Forests by storm as they attacked the grit gruelling Roger Albert Clark Rally (R.A.C. Rally) just over a week ago.

The rally that recreated The famous RAC Rallies of the 1970’s has been followed by the Perez family over the years, the rally dates back to 2004 and named in honour of the famous World Rally Championship (WRC) driver who won the championship back in 1976.

Competitors were limited to vehicles released prior to 1982, and traces a route used by the Lombard RAC Rally of its time and what inspired Perez senior to build the rare and ever popular Amigos Tequila Flavoured Beer sponsored Lancia Stratos HF seen on this rally before and used for many years on European Historic Rally Championship events. In the passenger seat with Steve was new co-driver John Millington as his usual navigator Paul Spooner was nursing an injury.

18 year old Son Seb with co-driver Alex Lee was competing in a classic Mk2 Ford Escort rally car as seen on events from the 1970’s again sponsored by dads Chesterfield’s Global Brands drinks business.

Rallying is not new to the family with Dad Steve being a championship driver and Son Seb being a Junior Rally Champion as well as a proven race circuit contender too.

With a start line of over 90 cars the Father and Son team of two cars took on a challenge of four days, 30 special stages and nearly 300 competition miles not without adventure and misfortune.

The rally started for its first two short stages at the famous Shelsley Walsh hill climb course in Worcestershire where Father and Son should have been re-named “cat and mouse” chasing each other over the stages with only one second separating them at one stage and Seb just piping Dad to the post.

It was full steam ahead for them both after as they went into the thick of it and into the slippery Welsh Forests, first up was Radnor 1 a classic rally stage from the 70’s and 80’s and still used on World Rally Championships and 13.61 miles of gravel forest tracks.

By the end of the tight, twisty and treacherous stage Seb was flying finishing 18th fastest tackling gravel stages only for the second time in anger in the last three weeks leaving Dad 18 places behind in 36th.

The tables had turned as both went into the service area at Epynt after tacking SS4 Gwibidog where Steve made up 19 places on the stage to finish it in 17th leaving Seb limp back to finish stage in 28th.

Seb was still in a good place, he maintained his rally lead over Steve in 18th overall and Perez senior in 31st place

To end the first day Epynt Forest was next up and the re-run through SS6 Radnor 2 was cancelled due to marshalling issues, the Stratos of Steve’s was suffering from a misfiring engine and limped back to the overnight halt in Carlisle leaving him in 29th overall and Seb in a fantastic day in 13th place.

Day two saw a change in climate much colder and frosty weather met the drivers as they entered Scotland and had 10 stages to tackle during the day and much more demanding conditions to cope with.

They tackled tricky forest stages in Sheperdshield, Whitehill, Roughside Orge Hill and Harwood all being repeated for a second run later during the day as well with two service areas as well.

The Walton based rally team of Dansport keeping the cars in good order.

The stages were packed with spectators to get a glimpse of the Perez duo and waiting for the thundering sound heard miles away in the forests of Steve’s Lancia Stratos to flash past them, a first in car rarity and enjoyment for them and the first time it had competed on British rally soil for almost 3 years.

As the day progressed the drama unfolded as both drivers went along, the game of  “catch me if you can”  still continued with Seb still progressing further up the field, by early afternoon the Stratos of Steve’s was in 22nd place at the end of the re-run through Sheperdshield 2

Disaster struck on stage 11 Whitehill when the engine blew up on the Escort of  Perez Junior just as a good battle for second in class was forming and such a disappointment as he was 13th overall in the rally.

Up until then he had driven the drive of his life and was impressing spectators and other competitors alike, such as the famous Jimmy McRae, father to the late Colin McRae.

By the end of day 2 Steve Perez finished 18th place.

The Team at Dansport tried their hardest to get the car going to keep Perez and Lee in the Super Rally classification with an engine change to find a part not fitting correctly. All was not lost for Seb he borrowed the Escort MK2 belonging to Geoff Bell to compete in the smaller Clubman’s Rally that took place at the same time during the last two days

The Perez duo now were competing in two different rallies as such but over the same ground.

Day 3 saw 9 more demanding special stages for Perez senior to tackle and who knew what would happen. Greskine, Windyhill, Greskine, Twiglees, Castle Ore were all on the cards with some being re-run twice,

By mid morning service at Lockerbie after completing Windyhill 2  Steve Perez was in 16 place in the rally but not without its problems, the Stratos had suffered some punctures during the morning stages and also the car had lost 2nd gear for some time and Steve Perez fighting to keep the car on the road. At one stage he lost 35 places but the stage after making up 54 places and the going was tough.

By the end of Castle Ore 2 Steve had finished the stage in 15th place and 12th overall in the rally.

Still suffering with gear problems Day four saw 5 stages ahead of Perez and Millington before the Kielder Waterfront finish.

By about midway and Falstone Forest Perez was 16th out of the stage and 20th overall, a re-run of the stage early afternoon saw Steve having to stop after another puncture struck the Stratos and do a tyre change resulting in them loosing places on the final part of the event dropping from 9th on stage to finish the rally with a top 20 place of 18th overall.

Seb had a busy last two days competing on the Clubman Rally after his second day drama and retiring from the main rally, all was not lost he won the Clubman Rally setting 7 fastest times on the stages and getting used to a different car

After the gruelling four days the duo were praised for their determination to finish such a demanding rally, the Lancia Stratos of Steve Perez was also given its place as number one for its rarity and spectator enjoyment.

Steve Perez said ” We both made it, it was a long tough rally over 1000 miles and 300 stage miles , I had an incredible 6 punctures and changing the wheel on that last stage lost us our top ten place”  He added ” we are happy to have finished this long and tough rally, much of the first two days being beaten by my 18 year old son who unfortunately retired on Day two”

Steve’s son Seb commented “it was unfortunate we had to retire on Day two with a blown engine but was given the chance to compete in the Clubman’s event after borrowing a car from Graham Bell, it was a learning curve but managed to set 7 fastest times” He added “we owe a big thank you to the help of Dansport for keeping our cars going to the end”

Editorial by Paul Horton

Images by Mark Deamer Photography

R.A.C. Rally

Posted in About Chesterfield

Free conference to help peak businesses make the most of the ‘Purple Pound’

Visitor economy businesses and services are being invited to book free places at a one-day conference featuring local and national experts in accessible tourism – now worth an annual £12 billion to the UK economy.

Access Exchange – creating an accessible destination, will be held at the Proact Stadium, Chesterfield on Thursday November 30 to help business people and service providers make the most of the so-called ‘purple pound’.

Co-ordinated by Access for All UK, the consultancy arm of Accessible Derbyshire and supported by official tourist board Marketing Peak District & Derbyshire through the European Regional Development Fund (ERDF), the main aim is to create an even more accessible destination by:

  • Sharing best practice and top tips from national experts
  • Learning about accessibility projects across the Peak District and Derbyshire
  • Browsing and sampling products to improve accessibility
  • Finding out how accessibility can boost profits
  • Promoting and sharing accessibility projects, plans and marketing techniques
  • Improving confidence in welcoming people with access needs
  • Collaborating, creating new partnerships and celebrating success
  • Planning future action to improve accessibility

Key speakers will include Ross Calladine, Head of Business Support at national tourist board VisitEngland; John Child, Managing Director of multi-award winning Sandcastle Waterpark, Blackpool; Ed Warner, Managing Director of Motionspot, which manufactures accessible bathrooms and Derbyshire accommodation provider Steve Dawes.

The event will be held from 9.30am to 5.30pm, and a two-course lunch and refreshments are included. During the afternoon, there will be a series of workshop sessions, during which delegates will have the chance to experience the wide range of accessible facilities and services that are on the market.

“National research by VisitBritain reveals that one in six people in England and Wales have an ‘activity limiting’ health problem or disability, and that British and international visitors spend more than £3 billion on overnight tourism trips in England each year,” said Jo Dilley, Managing Director, Marketing Peak District & Derbyshire.

“Not only is improving accessibility important for people, it’s clearly very good for business, so we’re delighted to support this event, which we hope will build on the Peak District and Derbyshire’s excellent reputation in this rapidly expanding field.”

Gillian Scotford, of Access for All UK and Accessible Derbyshire, added: “This is a great opportunity for local businesses and services to learn more about how they can better understand and meet the needs of the 13 million people with disabilities in the UK – ranging from hearing, vision and mobility impairment to autism, learning difficulties and dementia.

“They quite rightly expect accurate and timely information to help them select the right venues for them, quality facilities that are inclusive and stylish and exemplary customer service.

“We hope as many people as possible will join us for what promises to be an enjoyable, interesting and ground-breaking day.”

purple pound

Posted in About Chesterfield

Chesterfield youth tackle racism

Young participants of the National Citizen Service (NCS) score their goal of bringing people of all cultures together through the medium of football.

NCS brings together 16-17 year olds from different backgrounds to learn new skills and make a real difference in their communities through social action projects. As part of their social action project, team ‘Without Borders’ decided to team up with ‘stand up to racism’.

NCS is a unique two or four week full-time programme focused around fun and discovery, including 30 hours committed to a community project that benefits both young people and society. Coming from a multicultural background, team member Connor Mullin is often confronted with racial slurs and abuse, and so to rectify this he decided that he’d put this at the forefront of his team’s social campaign.

On Thursday 26th October, ‘Without Borders’ took to the Outwood Academy football ground and played a game – not for the sake of competition, but social justice.

They continued this inspiring journey to create awareness by organising a talk held by Jeannie Robinson (Head Organiser for SU2R), who shed light on raising funds for Syrians who have found refuge in Chesterfield.

Ultimately the group raised £226.39 which is going to be used to buy Christmas presents for the four refugee family’s children, who have made Chesterfield their home.

Connor Mullin, Social Action Project Manager of Without Borders, said:-

“It was a great turnout and for a good cause, which is all that matters.”

Future Foundations have been delivering NCS in different regions since 2012. Future Foundations develop the social leadership and academic potential of young people by delivering numerous coaching, mentoring and training programmes across the UK and internationally.

Simon Paterson, NCS Delivery and Development Manager at Future Foundations, said:-

“It’s amazing to see so many socially conscious young leaders in Chesterfield. NCS fills me with hope for the future.”

racism

Posted in About Chesterfield

Businesses asked to identify barriers to recruiting apprentices

Businesses are being asked to identify their biggest concerns about recruiting apprentices.

East Midlands Chamber, which employs apprentices and is also a successful apprenticeship provider, is using its Quarterly Economic Survey for the final three months of 2017 to delve deeper into why firms don’t make more of this form of training.

The survey follows recent research by the British Chambers of Commerce which found that many businesses were struggling to understand the Government’s Apprenticeship Levy.

What the researchers at Middlesex University found was that 23% of levy-paying firms had no understanding of how it worked. That figure rose to 66% of non-levy-paying firms.

And 15% of respondents said they didn’t expect to recover any of the added cost while 36% said they expected to recover all of it and possibly more. Almost nine-out-of-ten (86%) of firms said the levy scheme had increased their overall costs.

Commenting on that research, Scott Knowles, Chief Executive at East Midlands Chamber, said:-

“Worryingly, what this research shows is that, at one end of the scale, there are firms paying additional costs for something they don’t understand and don’t ever expect to see a return for and, at the other end, the very firms which should be taking money out of the pot to fund apprenticeships seem to have no idea how it works.

“It seems that since implementing the levy, the Government has simply left firms to work out for themselves what they are supposed to do instead of making sure they fully understand it and how to maximise its potential.

“We have the expertise to help members make the most of the levy and, rather than ignore it, we would urge them to call us so that we can talk them through it.”

To better understand why businesses are not making more of apprenticeships, the Chamber has added four questions to the Q4 QES:

  • What are the biggest barriers you face when deciding to take on an apprentice?
  • Where would you go to find out more about apprenticeships?
  • What one thing could the National Apprenticeship Service do to better engage with your business?
  • What do you need more information about?

Chris Hobson, the Chamber’s Director of Policy, said:-

“For a few years, the concept of apprenticeships took on a negative connotation, somehow not as good as a university education, but for a very long time before that they were regarded as the best way to learn a skill and be paid for your training.

“The situation has now gone back to where it should have been all along, which is recognising that apprenticeships help to close the county’s appalling skills gap between what employers need and what is offered by those leaving academia.

“But the delivery method changed at the beginning of this financial year with the introduction of the Levy and it seems that businesses have yet to fully grasp how it works.

“What we want to do is find out where any confusion lies, what the barriers are to recruiting apprentices and, once we have that information, devise a programme to help firms make better use of the whole apprenticeship system.”

Firms don’t have to be Chamber members to take part in the Quarterly Economic Survey.

recruiting apprentices

Posted in About Chesterfield, Apprentice Town, Business

Chesterfield College students bring home national awards

Three talented and inspirational students from Chesterfield College were recognised for their achievements at the Association of Colleges Awards event last week.

Colleges and students from across the country were awarded at the glittering ceremony in Birmingham, hosted by Steph McGovern, Journalist and BBC Breakfast presenter.

Media student, Rachel Irving, age 20, won the student video of the year for her entry into the competition to create a film which highlighted ‘How colleges transform lives and communities’. Her video showed how a tutor had developed a career in media because of the experiences she had at college and how she is now using her skills to teach the next generation.

Fellow student, Christina Renshaw, age 17, was named as a runner up in the same competition with her film which highlighted the impact college has on students.

Plumbing student, Joyce Abumujor, age 51, was named as a runner up in the Adult Student of the Year category sponsored by the Chartered Management Institute. Joyce stood out to judges because of her commitment and drive to get the skills she needs to give vulnerable young girls in Nigeria the opportunity to learn a trade. She plans to work with existing academies in Nigeria and across Africa to teach girls construction skills enabling them to build a career and a brighter future. Joyce juggles studying construction skills with studying for a law degree at the same time as working as a care assistant in hospitals and mental health units.

David Hughes, Chief Executive of the Association of Colleges, said:-

“The Student of the Year awards showcase the very best of college students across the country. They celebrate exceptional students who stand out from the crowd. The finalists are more than deserving of the recognition.”

Julie Richards, Principal and Chief Executive of Chesterfield College Group, said:-

“It was amazing to see students from Chesterfield College collecting their awards last week. I am really proud of their achievements and very pleased that their efforts and commitment have been recognised. The Association of Colleges awards really did highlight what a difference Further Education Colleges make to students and communities.”

Association of Colleges Awards

Posted in About Chesterfield

Custom Solar secures major renewable energy partnership with Associated British Ports

Following a competitive tender, a three-year deal with the UK’s leading ports group, Associated British Ports (ABP), is set to turbo charge the growth of a Chesterfield-based energy business.

The multi-million-pound deal has seen Custom Solar appointed as the chosen solar partner to ABP, which will result in the company delivering, installing and maintaining the largest volume of solar panels onto commercial rooftops ever seen in the UK.

Custom Solar will install solar assets at the organisation’s 21 ports across England, Scotland and Wales over the next three years helping significantly reduce its CO2 emissions as well as its dependency on the national grid supplied electricity and playing a key role in ABP’s sustainable approach.

As part of the deal, Custom Solar will also support ABP in identifying suitable areas for solar panel installation in order to decrease individual ports’ reliance on external power sources and increase resilience at various port sites. Already ABP has invested in 8 megawatts of solar assets, covering approximately 20 acres, installed across 15 ports in the UK, designed to supply its ports, customers, and the national grid with clean, zero-emission power. Custom Solar will undertake a further 4.5megawatt installation between now and March 2018.

Chris Garton Director, Asset Management at ABP said “We are delighted to be working with Custom Solar and look forward to building a strong working relationship as we further develop our installed base of solar generation. Our existing 8 megawatts of solar generation has already made a major impact on reducing emissions from our operations and reducing our cost of energy. Together with Custom Solar we will identify and implement numerous new schemes as we go forward.”

Fellow Chesterfield Champion Mitchells Chartered Accountants and Business Advisers assisted Custom Solar with the tendering process, preparing cash flow forecasts for the business in order to demonstrate affordability and lay the foundation for potential future financing options and projects.

Andrew McDaid, partner at Mitchells explained: “The team and I have worked with custom Solar since 2014 and we are delighted to see the business not only grow but flourish in what have been challenging market conditions in recent years, highlighting the level of service, experience and technical capability that Custom Solar is able to offer. The adoption of such a large scale commercial installation by ABP based on the return on investment, just demonstrates that solar is still very much a cost-effective solution for businesses.”

Commenting on Mitchells’ involvement in the deal Matthew Brailsford, Managing Director of Custom Solar, said: “Mitchells has been great in what was a complicated process that involved a lot of number crunching. Working with us, they helped us plan and forecast, gaining a concrete understanding of the numbers involved.”

He added: “Securing a framework contract with a major organisation such as ABP is a real testament to the dedicated and detailed work of our team and enhances the strength and stability of our company.

“It further builds on what has already been a very positive year for the business which has seen us deliver commercial solar projects and securing framework positions with multiple authorities. Additionally, we have significantly increased our operations and management business, supporting clients with existing solar systems to maximise their generation and energy savings. This has provided solid financial stability for the company via long term revenue streams and enabled a platform for us to develop our activities into other technology such as battery storage and electric charge points.”

Associated British Ports

Posted in About Chesterfield, Business

Businesses invited to bid for funds for capital projects

Businesses across Sheffield City Region have been invited to bid for funds in order to enable new transport and infrastructure projects to get off the ground.

An open call has gone out for bids to fund projects that can fully commit the SCR resources within the next 18 months.

Funding for these schemes will come from the £650m Sheffield City Region Infrastructure Fund (SCRIF). This fund includes Local Growth Fund resources, which is part of the Government’s continued investment in the Northern Powerhouse.

Nigel Brewster, Vice Chairman of the Sheffield City Region Local Enterprise Partnership (LEP), said:-

“As our major capital investment fund, SCRIF invests in schemes across the whole city region and enables the city region to effectively leverage private and public sector investment, as we build a truly competitive centre of business excellence.

“The current SCRIF programme is made up of 30 major schemes, spread across the varied geography of the city region, including projects as varied as the Great Yorkshire Way, the new iPort facility and the innovative Grey to Green public realm project in Sheffield city centre.

“I hope that partners across the region will take advantage of this opportunity and put their bids forward before the closing date early next month.”

The aim of this call for bids is to build a reserve pipeline of exciting capital projects which can be funded as and when budgets allow, and also to ensure that the City Region is ready to respond effectively to national funding calls as they become available, thereby increasing chances of success.

Furthermore, the scheme will provide development partners with a route for their proposals to be assessed and developed without having to delay until formal budgets are announced, as well as ensuring funding allocations already secured by the city region are fully utilised.

transport and infrastructure projects

Posted in About Chesterfield, Business

Deputation to deliver Brexit message to the heart of Parliament

As part of its campaign to make sure the needs of business drive the UK’s Brexit negotiations, East Midlands Chamber is leading a deputation – including Chesterfield based Global Brands – to deliver the message to the heart of Parliament.

About eight regional businesses, particularly those importing from or exporting to the EU, will be joining the Chamber at Westminster for a round-table discussion with MPs to talk about their fears for trading post-Brexit.

Philip Rycroft, Permanent Secretary at the Department for Exiting the European Union, is due to take part in the discussion, which is being hosted by Alex Norris Labour MP for Nottingham North. Chris Leslie, Labour MP for Nottingham East, was the sponsor for the Westminster visit.

With little progress being made in Brexit talks, businesses are becoming increasingly concerned about the possibility that tariffs could be imposed on imports and exports, which could drive up the cost of UK-made goods sold in the EU and make Britain less competitive.

The export of goods from the East Midlands to the EU was worth £17.7bn in 2016.

The companies joining the deputation on Thursday 23 November include some of the most prolific exporters from the East Midlands and will provide strong cross-sector input to the debate.

Others taking part in the Westminster visit include members of the Chamber’s International Trade Steering Group and national business award nominees in the international trade category.

Chris Hobson, Director of Policy at East Midlands Chamber, said:-

“We’re 17 months on from the Brexit vote, eight months on from Mrs May invoking Article 50 to trigger the UK’s exit from the EU and with just 16 months left before we hit the two-year deadline to secure a deal absolutely nothing has been agreed.

“The EU wants to talk only about how much money the UK will pay. The UK wants to talk about trade agreements, citizens’ rights, the customs union and other important things and is looking at potential trade deals with non-EU countries.

“Business wants guidance on what trading conditions will be like after 29 March 2019, whether they will still be able to supply EU countries without being hit by World Trade Organisation-prescribed tariffs and whether they’ll still be able to buy raw materials from EU sources tariff-free.

“They need to know whether the EU’s negative stance is going to lead to them being chucked out of EU-based firms’ supply chains or whether they will need to establish new supply chains for their own manufacturing processes and whether they will still be able to ship goods freely through the customs union.

“It’s essential that our MPs get behind business and help them deliver this message to the Ministers trying to secure future trade agreements with the EU, or at the very least a transition period to allow final negotiations to continue beyond next March.”

As a member of the EU, the UK enjoys EU-agreed trade agreements with over 60 countries. After Brexit, the UK’s trade with those countries will be subject to WTO rules unless other agreements can be secured.

Chamber representatives at the event will include Chris, Chief Executive Scott Knowles, Head of International Trade Laura Howard and Business Adviser Giles Jones. Ronan Quigley, Executive Director, Corporate Services will be speaking on behalf of British Chambers of Commerce at the event.

Companies already signed up for the deputation include Flexfab Europe, Global Brands, JA Kapasi, Joseph Clayton and Sons, Lemonpath, Marpak, Mills and Reeve, Morningside Pharmaceuticals, RSM and Toyota Manufacturing UK.

The round-table discussion is due to start at 1.30pm and last for 90 minutes in Room P, Portcullis House, Westminster, and will enable attendees to identify to MPs and any Ministers who attend the barriers to trade they fear could make continuing to export to the EU unsustainable.

deputation

 

Posted in About Chesterfield, Business

Patisserie Valerie set to open in Chesterfield

Popular bakery and continental cake shop Patisserie Valerie is set to open its first store in Chesterfield in December 2017.

Patisserie Valerie, who create luxury handmade cakes and patisserie as well as offering a continental menu in cafes across the UK, will move into the former Coral betting shop on the High Street.

The decision to open the store in Chesterfield further strengthens the towns Food and Drink offering joining a number of new establishments to open in Chesterfield over the last year including Bottle & Thyme, Odyssey and Spire by Stephenson’s – all finalists in this years Best Newcomer category at the Chesterfield Food and Drink Awards.

Patisserie Valerie are a proud UK based company with a Belgian founder, who have been making lovingly handmade cakes since 1926. They offer a variety of products from cake to pastries, gateau, breakfast and lunch menu’s. Afternoon Tea’s and artisan made cakes available on order are also available at a number of their stores.

A number of new jobs are set to become available in the coming months.

Patisserie Valerie

 

Posted in About Chesterfield, Business

Leading financial commentator urges families to take control of their finances

The renowned financial commentator Justin Urquhart-Stewart has urged people to take control of their finances.

He said: “Families need to become less British and start talking to each other about their finances. It is not acceptable to bury your head in the sand.”

Wearing his trademark red braces, Mr Urquhart Stewart addressed a crowded room of local business people and investors and at a breakfast seminar organised by Chesterfield-based Milestone Financial Planning.

He advised that families sit down and list all their assets and liabilities. “I think many families would be surprised to find they are better off than they think,” he added. “The next step is get independent financial advice, particularly around retirement and protection so that they can ensure they are financially safe in future years.”

Mr Urquhart-Stewart is the co-founder and head of corporate development at Seven Investment Management, who are one of Milestone Financial Planning’s key partners.

Michael Heath, Director of Milestone Financial Planning, who organised the event in conjunction with BRM Solicitors and Mitchells Financial Services, said: “There has been significant change within the financial services industry, particularly around the rules governing pensions, which is why good financial planning is more important than ever.”

At the event Mr Urquhart-Stewart addressed people’s concerns about the economy and Brexit, blaming the media’s negative headlines for giving the wrong impression and undermining confidence. “The UK is a vibrant economy, however confidence within it is being eroded because the media constantly talk it down.”

He described Brexit as ’infuriating’ and ‘messy’, however he believes that it presents the UK with an opportunity to reform some of its ‘dumb’ taxes, highlighting Stamp Duty as a key offender.

Stamp Duty is a lump-sum tax that anyone buying a property or land costing more than £125,000 has to pay. The rate you’ll pay the tax at varies based on the price of the property and the type. People purchasing residential properties are required to pay between 2% – 5% of the purchase price with the rate rising to 15% on additional properties.

“Stamp Duty actually delivers a very modest amount to the economy, however if it was abolished then homeowners would use that money to move and would then spend money on home improvements. The first thing you do when you buy a new property is decorate, put in a new kitchen and use local tradespeople. The additional revenue generated through VAT on these goods and services would generate a far higher amount to the economy and also support small businesses,” explained Mr Urquhart-Stewart.

Justin Urquhart-Stewart

Posted in About Chesterfield, Business

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