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Exciting arts project re-creates the first live-linked satellite broadcast to celebrate our region

Junction Arts, in association with six arts organisations from across three counties, is set to be take part in ‘Our Place’ which showcases the people and places of the East Midlands, through the arts.

Led by the Chesterfield-based community arts charity, Our Place travels the East Midlands to celebrate diversity, community, culture and place. Through seven creative residencies, Our Place brings together the hills of the High Peak to the streets of inner-city Leicester, where Ukrainian dance from Derby will share the stage with embellished aprons made in rural Lincolnshire.

Junction Arts will be working with several project partners: City Arts (Nottingham), High Peak Community Arts (High Peak), People Express (Swadlincote), Soft Touch (Leicester), Surtal Arts (Derby) and The Hub (Sleaford).

The project has seen over 50 participants working with 27 artists throughout the summer in a series of diverse residencies involving textiles, VR, filmmaking, dance, creative writing and music video production.

The new work created through each residency has been brought together into a feature length film broadcast by Director Chris Bevan, co-curated by Junction Arts with partners and artists to showcase and connect communities across our diverse East Midlands region.

Managing Director of Junction Arts, Paul Steele says: “The project is about connecting people and places. After a hard year of dealing with lock downs and restricted activities, what better way to bring back local communities, by celebrating the people in them and sharing the unique cultures and talents with others.

“We know what it feels like to be ‘in this together’ and we’ve taken that feeling of connectedness and built it into a project where people from across three counties are uniting to share what it means to live in a place in this moment and time.”

Junction Arts were inspired by the first global TV satellite broadcast conceived in 1967, entitled ‘Our World’ which ended with the Beatles performing ‘All You Need is Love’ for the first time, during the height of the Vietnam War.

For their creative residency, Junction Arts commissioned Movement and Theatre Director Chris Yarnell and writer Simon Marshall to work with young people from Derbyshire LGBT+ Youth group to explore what it means to be young, LBGT and growing up in Chesterfield. Filmed within the property of where the group meet, ‘place’ is explored through creative writing, performance and spoken word demonstrating the exciting spirit and anarchic energy of young people challenging norms and finding their place in the world.

The celebratory web broadcast will launch on the Our Place website at 6:30pm on the 9th September 2021: https://junctionarts.org/our-place-broadcast/

Junction Arts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

Posted in About Chesterfield, Business, Celebrate Chesterfield, Featured, Home, Love Chesterfield, Uncategorised, VisitingTagged in , , , , , , ,

Shorts wins ‘In-house finance team of the year’ at prestigious accountancy awards

The finance team at Shorts Chartered Accountants has been named ‘In-House Finance Team of the Year’ at the Yorkshire Accountancy Awards 2021.

The annual awards ceremony, which took place on August 19th, celebrates the achievements and successes of the region’s best accountancy professionals.

The accolade is one of several gained by Shorts in recent years, showing substantial recognition from industry peers. They include:

  • Advisory Firm of the Year, Yorkshire Accountancy Awards Winner 2018
  • Mid-Tier Firm of the Year, British Accountancy Awards Finalist 2016
  • Insider Dealmakers, Corporate Finance Firm of the Year – Shortlisted 2016, 2017 & 2018
  • Insider Dealmakers, National / International Dealmaker of the Year – Shortlisted 2017 & Winner 2018
  • Insider Dealmakers, Mid-Market Dealmaker of the Year – Winner 2017 & Shortlisted 2018
  • Insider Dealmakers, Deal of the Year up to £2.5m – Winner 2018

Prior to the start of the COVID-19 pandemic, the Shorts finance team was already producing regular and detailed information across the whole firm and partner group. However, the work they completed during the COVID period was essential to ongoing stability, enabling sound business decisions to be made during an extremely uncertain period.

The team demonstrated excellent standards of work and improved efficiencies, including production of revised budgets, and enhancing many internal reports.

Michelle Frost, Practice Director at Shorts said: “Our finance team blows me away with their enthusiasm and drive for continuous improvement. And when any of them have the available capacity, they will always offer a helping hand to other team members. True gems.”

According to the judges of the event: “Shorts Chartered Accountants demonstrated a focus on continuous improvement, carrying out a transformation programme that really impressed the judges, and showed how they were integral to the overall success of the business.”

With a long-standing heritage of over 130 years, Chesterfield-based Shorts has grown from a local business to a nationally recognised award-winning firm. With over 120 staff, the company is one of the largest practices in the region.

Shorts Chartered Accountants supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

Posted in About Chesterfield, Business, Celebrate Chesterfield, Destination Chesterfield, Development, Featured, Home, UncategorisedTagged in , , , ,

Council bids for £20m of Government money to further boost Chesterfield town centre transformation and cultural offering

Plans to create a modern and extended customer experience at the Stephenson Memorial Hall – which houses Chesterfield’s Pomegranate Theatre, and Museum – are at the heart of a bid for almost £20m worth of Government funding submitted by Chesterfield Borough Council.

The council’s bid to the Levelling Up Fund makes the case for an allocation of £11m towards the costs of a £15.6m project to remodel and refurbish Chesterfield’s ‘striking’ Stephenson Memorial Hall.

Under the plans, the refurbished Hall would bring together under one roof an extended Pomegranate Theatre, a reconfigured and modern museum offering, alongside new gallery space, a café bar, education and community facilities.

If successful, the remaining £8.5m would be immediately allocated to further regenerate Chesterfield’s historic town centre, with investment centred on four key public spaces – Corporation Street, Rykneld Square, Market Square and New Square – and how these are connected to one another.

These spaces would be re-imagined for a range of flexible uses including markets, festivals, events, cultural celebrations, and community gatherings in a programme that will aim to complement the offering at Stephenson Memorial Hall and other key town centre assets such as the Church of St Mary and All Saints (Crooked Spire) and Market Hall Assembly Rooms.

The funding would enable delivery of a vastly improved public realm alongside new seating, landscaping, lighting, and signage, and a step change in digital connectivity.

The proposals are the next stage of the council’s ambitious plans to transform Chesterfield town centre and make sure the borough’s market traders, retailers and other employers are strongly positioned to recover from the long-term economic impact of the Covid-19 pandemic.

Councillor Tricia Gilby, Leader of Chesterfield Borough Council, said: “We recognise the need to invest in Chesterfield town centre to make sure it remains a vibrant place for generations to come – providing great opportunities and experiences for local people and businesses, and keeping Chesterfield on the map as a go-to place for visitors.

“We’re already making significant progress on our £1bn borough-wide growth programme to create new jobs for local people, support new business start-ups, improve employability through better skills provision, revitalise former industrial sites and attract new investment.

“But our ambitions don’t stop there. Here in Chesterfield, we have a compelling story to tell and a prosperous future ahead of us – one which we firmly believe is deserving of further investment as part of the Government’s ‘levelling up’ agenda.

“The council’s bid seeks funding to invest in another round of ambitious projects which will further bolster our work to transform how Chesterfield town centre looks and feels, while creating a flagship visitor experience in one of the town’s most iconic and striking buildings.”

The Government’s £4.8bn Levelling Up Fund is open to local councils to support investment in town centre and high street regeneration, local transport projects, and cultural and heritage assets.

Chesterfield Borough Council expects to hear in November 2021 whether its bid has been successful.

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Recon Electrical launches free lamp recycling initiative for businesses in Chesterfield

A Chesterfield electrical wholesaler has launched a new initiative to help fellow businesses in the town improve their sustainability, by offering a lamp recycling service.

Recon Electrical is providing firms with a free drop-off point to safely dispose of and recycle their old lamps. The recycling bin will be located in the Recon Electrical trade counter car park.

Businesses are able to simply drive up to the facility on Broombank Road and load up their lamps. They will then be recycled in-line with the latest legislation and guidance.

In the UK, businesses follow waste electrical and electronic equipment regulations which aim to reduce landfill and decrease the impact on our environment caused by hazardous substances.

Russ Gratton, Director at Recon Electrical Ltd. said: “As a business we feel its important now more than ever to operate in an environmentally contentious manner and the recycling of waste materials is high on that agenda.

“Even the smallest contribution towards saving the planet is worthwhile in our opinion and cumulatively can make a huge difference, it’s great to be able to offer a recycling service locally for waste lamps and we would encourage any business to utilise this service, no matter how big or small. We also have a recycling point for small waste batteries inside our trade counter which is open for all to use.”

While compact fluorescent bulbs and fluorescent tubes must be recycled due to the products containing mercury, Recon Electrical says not all lightbulbs can be recycled. Both incandescent and halogen bulbs should be disposed of in your normal household waste.

Before recycling any old lamps, businesses must fill in a consignment note which can be downloaded from the government website.

Recon Electrical supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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Chesterfield FC Community Trust’s Camp Inspire receives praise from local MP

An initiative which has been providing activities, food and support to young people and families in need has been praised by a local MP, alongside receiving regional TV coverage.

Lee Rowley, MP for North East Derbyshire, recently visited Camp Inspire, the innovative programme delivered by Chesterfield FC Community Trust at Parkside Community School.

Camp Inspire was designed to help children and young people, many of whom are disadvantaged or vulnerable over the summer holidays.

After taking a look at the activities organised to keep the attendees engaged, Mr Rowley said: “It was fantastic to visit Camp Inspire again and see the great work happening every day by those involved.

“Having visited last year as well, it is brilliant to see Camp Inspire even bigger and better this year – and doing so much.

“Thanks again for allowing me to come and meet with the inspiring leaders and young people!”

Following the success of the inaugural programme, Camp Inspire returned on a larger scale this summer, with over 200 youngsters attending on a daily basis.

With funding from the Holiday Activities and Food (HAF) programme, every child is provided with a free, hot, nutritious lunch.

Camp Inspire also received television coverage on ITV’s Calendar news recently, displaying the work carried out by Chesterfield FC’s Community Trust for families in need.

Scott Atkinson, the Trust’s head of education and wellbeing, said: “We received so much positive feedback following the inaugural Camp Inspire and we are determined to make a similar impact this year.

“With over 200 attending daily, I understand that we are going to be the largest HAF provider in the East Midlands, catering for the most vulnerable children in our community, which is fantastic.”

Chesterfield FC Community Trust supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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BHP bolsters its VAT offering with new Director

Leading independent accountancy firm BHP has strengthened its tax team with the appointment of Carla Horsfall as a VAT Director.

Carla joins BHP from Hart Shaw Accountants where she trained as a Chartered Accountant after graduating from Sheffield Hallam University in 2006. After spending four years in the audits and accounts team at Hart Shaw, Carla moved into the tax team in 2010 and began specialising in VAT.

The BHP tax team now consists of six VAT specialists, including Amar Zaman who was recently awarded the Chartered Institute of Taxation Wreford Voge Medal for achieving Distinction and the highest mark in the country in the CTA Advanced Technical Paper on Cross-Border Indirect Taxation.

Carla, who will work across Yorkshire and North Derbyshire, said: “The experience of the VAT team at BHP really appealed to me, they have a wealth of knowledge, and I was keen to focus purely on VAT rather than a mix of everything as I had been doing in my previous role.

“I already feel so welcomed by the team and the firm has a real family feel to it which was important to me.

“I’m looking forward to becoming a core part of the team and developing further in my role.”

Joint Managing Partner, Lisa Leighton, said: “Carla brings with her brilliant experience and knowledge, and she will be a great addition to our growing team.

“We pride ourselves on the depth of knowledge of our VAT team and our ability to offer complex specialist VAT advice to our client base.

“Investing and developing our fantastic talent pool and supplementing it with experts like Carla is a key part of our strategy going forward.”

BHP has been ranked the second-best accountancy firm to work for in the UK, and the 35th best company to work for across Yorkshire and the Humber in the Best Companies survey 2021.

The independent accountancy firm is made up of over 350 professionals and 37 partners working across a wide range of specialities including audit and assurance, consulting, corporate finance and taxation.

For more information about BHP visit www.bhp.co.uk.

BHP supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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Chamber calls for clarity on the future of HS2 East

The chief executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) has commented on uncertainty around the future of the HS2 Eastern Leg, calling on the government to “stop playing games” with the future of our region.

If delivered in full, Chesterfield will stand to benefit from the Eastern leg of HS2 in a number of ways, with high speed trains carrying passengers to and from Chesterfield station. There are also proposals for regeneration of the area around the station, along with further plans for a maintenence depot in Staveley, creating a significant number of new jobs in the area.

Commenting on the ongoing uncertainty regarding the future of the HS2 Eastern Leg, East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) chief executive Scott Knowles said: “Fundamentally, nothing has officially changed regarding the future of the HS2 Eastern Leg since last year when the Government said it would set out its proposals in the Integrated Rail Plan (IRP).

“Yet it seems like every other weekend, we are reading reports in national media outlets in which anonymous Whitehall civil servants are sending out signals to diminish its chances of happening.

“With the IRP being kicked down the road continuously and not expected until the autumn, it has left a void for constant speculation that is causing huge uncertainty at a time when we need to know the direction ahead for future regional economic planning.

“It’s time for the Government to stop playing games with the future of our region, and those other areas that would stand to benefit significantly from HS2 East.

“While many of our perceptions have been adjusted during the pandemic, the huge economic benefits that HS2 can bring as part of the much-hyped levelling up agenda haven’t changed.

“Much of the understanding around HS2 appears to be hopelessly flawed. It is much more than just a new railway, bringing growth in the form of business investment, house building, place regeneration, high-skilled job creation, innovation, green technologies and more to areas that have faced chronic underinvestment over a number of years.

“Indeed, we are already seeing these plans start to come to fruition across Birmingham, where the certainty of the first phase of HS2 has already spurred private sector investment and development.

“Without the development of HS2 as promised, these plans will be critically undermined, and any delivery that does happen will certainly not be of the magnitude aspired to.”

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Construction progresses well on new affordable homes in Loundsley Green

Construction of the latest affordable homes being built for Chesterfield Borough Council is progressing well, with new homes set to welcome families later this year.

As part of Chesterfield Borough Council’s commitment to increasing the supply of affordable properties across the borough, 21 new properties are being built on the former Brockwell Court site in Loundsley Green.

Environmental improvements, including the creation of wildflower meadows and planting areas, are also included in the scheme to help boost biodiversity, support pollinators and create a better living environment.

Despite the challenges faced as a result of the Covid-19 pandemic, the council’s main contractor, Henry Boot Construction, started work on site in May 2020 and the homes are set to be completed in late 2021.

The new development, named Badger Croft, will comprise of ten two-bedroom houses, six three-bedroom houses, four four-bedroom houses and one three-bedroom bungalow – all of which will be added to the council’s housing register and let to local families.

As part of the council’s planning permission, whilst works are ongoing on site, Henry Boot Construction is working with the local Holmebrook Conservation and Improvement Group to complete additional landscaping works close to the new development that will help to enhance the wider local community.

Holmebrook Conservation and Improvement Group already maintain land in the area on behalf of the council and have worked closely with the council’s tenant participation team to improve the look and feel of the neighbourhood and promote conservation and biodiversity in the area.

Members of the group have already created a wildflower meadow, installed wooden planters and planted over 100 trees. Now with the support of Henry Boot Construction, further environmental improvements are to be carried out, including mowing paths in the wildflower meadow and planting fruit trees, building and installing more planters and creating a new border for planting.

Councillor Chris Ludlow, cabinet member for housing, said: “We’re pleased to see that works at Brockwell Court are progressing well. We’re committed to meeting the housing needs of local people, now and in the future, and these new properties will provide affordable, modern and accessible homes for families in our borough.

“It’s also really important that new developments in the borough take account of environmental issues – contributing to a more sustainable future for us all. Creating attractive places for people to live is at the heart of what we do. We’re really lucky to have had the support of Holmebrook Conservation and Improvement Group for a number of years, maintaining some of the land on our behalf, so we’re really pleased to see this develop even further with the help of Henry Boot.”

Tony Shaw, Managing Director, Henry Boot Construction, said: “As part of our commitment to achieving net zero carbon by 2030 we were keen to support the community through providing an enhanced conservation space which encourages sustainability, as well as being an area people can treasure and enjoy.

“It has been a privilege to work closely with the Holmebrook Conservation and Improvement Group who have such passion and work so hard to maintain and develop these areas and we hope these improvements will be much enjoyed by all.”

Posted in About Chesterfield, Destination Chesterfield, Development, Featured, Home, Property and Construction, UncategorisedTagged in , , , , , ,

Increased demand fuels expansion for Banner Jones

Banner Jones, which has offices in Chesterfield, Mansfield, Nottingham and Sheffield, has responded to growing demand from new and existing corporate and consumer clients with the appointment of seven new colleagues across the business.

The appointments, which span the firm’s residential property, dispute resolution and commercial property departments, have been made in response to ‘unprecedented demand’ for its legal services during the pandemic – including employment law, family law, wills, personal injury, and commercial property.

In the 12-months ending May 2021 the firm’s residential property department alone completed in excess of 5500 transactions – marking a 38% increase on the previous 12months.

Joining Banner Jones is residential Property Executive Perri Boyes-Weston who brings more than a decade of experience overseeing complex conveyancing matters including leasehold & freehold sales & purchases, remortgages, new builds and transfer of equity matters to the role.

Perri has joined the Chesterfield property team along with paralegals Amy Hawksley and Lauren Smith, and the Sheffield property team has welcomed paralegals Camilla Donnell and Morgan Buisson.

Commenting on her new role Perri Boyes-Weston said she was pleased to be joining the business at the start of such an ‘exciting new era’, and is looking forward to contributing to the firm’s continued success.

The Dispute Resolution team in Chesterfield welcomes Solicitor Adam Tankard who joins the firm from Keoghs where he worked as a ‘Property Risks and coverage’ solicitor dealing with insurance litigated claims for fires / floods and property damage claims.

Previously he undertook his training contract at the Cooperative Legal Services in its Manchester office.

Assistant Solicitor Rozeena Aslam has joins Banner Jones Business Legal Services department in the firm’s Chesterfield commercial property team.

Having qualified at Trent Law where she gained experience in commercial law, she says she is ‘now very much looking forward to expanding her knowledge of commercial law at Banner Jones’.

Welcoming the new colleagues, Banner Jones Chief Executive, Simon Wright said, “The last year or so has been extremely challenging for all businesses, but the demand for both business and personal legal services has bounced back strongly.”

“In response to that, we are delighted and privileged to be welcoming seven new colleagues to the Banner Jones family.

“We are committed to investing in our staff and look forward to providing them with opportunities to develop their career within the firm.  I’m sure that all of our new recruits share our firm-wide passion and dedication to delivering outstanding customer service.”

Simon added that the firm’s recruitment drive was still under way, saying: “As we continue to grow, we remain on the lookout for passionate, skilled individuals at all levels and we would invite anyone that can contribute to our expert, no-nonsense legal services to reach out.”

The firm are currently recruiting for two roles in their Sheffield office, a Head of Corporate and an Employment solicitor or legal executive.  Details of the roles can be found here https://www.bannerjones.co.uk/pages/vacancies.

Banner Jones employs more than 140 staff across its South Yorkshire, Nottinghamshire and Derbyshire offices; operating across a full spectrum of legal services including personal matters such as Personal Injury, Divorce, Wills and Probate, Residential Property and Dispute Resolution through to business advice on Company Formation, Commercial Property, Company Finance, Partnership Agreements, Debt Recovery and Employment issues.

Banner Jones Solicitors supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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Find your next career at the Chesterfield Market Recruitment Event

People searching for work in Chesterfield and North Derbyshire are being invited to a recruitment event where they can, learn more about the Kickstart vacancies, meet employers and get help to perfect their CV.

Chesterfield Borough Council has teamed up with DWP Jobcentre Plus to stage the event – designed to give job seekers a helping hand to find their next role and support local businesses to recruit. This will include hospitality, leisure, construction and health care businesses which are all struggling to recruit following the pandemic.

There will be a special focus on the Kickstart scheme, which provides 16-24 year olds with a six month paid work placement, that could lead to a full time role. There will be the opportunity to find out more about current placements by speaking to the employers directly.

It will run between 10am and 3pm on Wednesday 15 September at Chesterfield Market Square, with employers from sectors including Hospitality, Retail, Warehousing, Logistics, Customer Service, Administration and more still to be confirmed attending on the day.

Find out more about the event here.

Councillor Amanda Serjeant, deputy leader of Chesterfield Borough Council, said: “Events like these are a great way for job seekers to directly meet employers in the area, and hopefully find the right opportunity for them – while helping local businesses fill their vacancies at a time when some sectors are struggling to recruit.

“Working with our partners in North East Derbyshire and Bolsover, we’ve been supporting virtual jobs fairs over the last 18 months and feel it’s important to host this face-to-face event now that restrictions have eased. It gives employers a chance to speak to their potential employees and it gives job seekers a great opportunity to make a fantastic first impression.

“If you’re looking for work, then this event is here for you. Not only will you be able to find out more about current opportunities, you can also get support to develop your CV, interview skills and covering letters.”

Julian Sutton, North Derbyshire Employer Lead & Kickstart District Account Manager, said: “The Department for Work and Pensions (DWP) Chesterfield Jobcentre Plus Offices (Markham House and Steeplegate) are looking forward to working collaboratively with Chesterfield Borough Council to co-host the Chesterfield Market Place Recruitment Event and bring this fantastic opportunity for the local residents of Chesterfield and North Derbyshire. On offer will be a fantastic array of new employment skills, employability skills, jobs and Kickstart vacancies through our local Partner organisations and Employers.”

The drop-in event is open to everyone, with no need to make an appointment, but job seekers registered with Jobcentre Plus can reserve their place by speaking with their work coach.

There will also be a selection of local training providers and other organisations who will be able to offer help and support with your job search. They will be able to offer advice on apprenticeships and the training available.

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Pandemic encourages nine in 10 East Midlands businesses to innovate

Nine in 10 East Midlands businesses have innovated in some form due to the pandemic, according to a new report.

In addition to responding to the impacts of coronavirus on the economy, half of the region’s companies did something differently to survive or grow as a result of Brexit, the joint research by East Midlands Chamber and audit, tax and consulting services firm RSM found.

The organisations have published the findings in a new report, titled Helping you understand innovation in the East Midlands: Business innovation over the past 12-24 months.

It found that many businesses expect to continue innovating over the next two years, with 57% planning for new products and services, but others still face barriers ranging from skills to resources to achieving this.

To overcome these challenges, the report features policy recommendations for Government, including a call for more financial support to increase innovation and collaboration, aligning R&D incentives with Government targets, and additional investment into leadership and management resources.

East Midlands Chamber director of policy and external affairs Chris Hobson said: “The past two years have seen significant change for businesses’ operating environments, with Brexit swiftly followed by the pandemic.

“While this period has caused huge challenges, new opportunities have also arisen that have encouraged firms to make adjustments to the way they operate, create new products and services, or even pivot their business models in some cases.

“Barriers remain, however, with the most significant being a perceived lack of appropriate funding. Further work is needed in this space by funders to understand where current products are falling short and to what extent businesses are aware of funding options available.

“A more general feeling of being too busy is also a significant hurdle. Enhanced support for businesses to build capacity among leaders and managers is required to help overcome this.

“As it becomes clearer which changes to the external operating environment are temporary and which are more permanent, businesses will require continued support to further innovate in these areas.”

Main findings of East Midlands Chamber and RSM innovation study

The research was conducted by East Midlands Chamber during its most recent Quarterly Economic Survey for Q2 2021, in which 432 businesses responded between 17 May and 8 June.

The report found that 45% of businesses “innovated significantly” and 46% “innovated somewhat” in response to the pandemic, with only 9% not innovating at all.

While only half did so in response to Brexit, the proportion jumped to 75% for manufacturers, which have been more exposed to changes in international trade.

Meanwhile, four in five East Midlands businesses (81%) innovated in response to broader challenges or opportunities, with 70% doing so as a response to competition.

For those firms that have innovated, changes to improve workforce efficiency (65%) was the most popular method, followed by creating new products and services (61%), improved IT and technology (55%), and upgrading back-office or support services (45%). A significant find was that one in five transformed or pivoted their business model over the past 12 to 24 months.

Innovation on the road to recovery – and barriers in the way

When looking at plans for approaching continued innovation over the next 24 months, developing new products and services was top of the wish list – with 57% of businesses setting their sights on achieving this.

Almost half (49%) plan to explore the introduction of new technologies or business models, 46% recognise the importance of developing an internal culture to support innovation, and a third (33%) plan to “recruit innovative people”.

It demonstrates the importance companies place in having an appropriate mindset and operating environment in which innovation can take place. Only 4% reported no plans for innovation over the coming period.

A lack of appropriate funding was cited as the biggest barrier to innovation (46%), while four in 10 respondents said they were too busy. A quarter said they lacked the necessary skills in their business, while a fifth believed it to be too risky or unnecessary.

How policy can support future innovation

Innovation can be supported by R&D tax credits, a key incentive and tool available to businesses, which can claim a cash refund or corporation tax reduction for money spent on developing new products, processes or services, as well as enhancing existing ones.

While the East Midlands Chamber and RSM research found 36% of respondents had successfully accessed R&D tax credits previously, 38% didn’t believe they were relevant to them.

Sheetal Sanghvi, partner and head of innovation reliefs in the East Midlands at RSM, said: “The responses to the survey show the scale of the innovation – whether or not they would describe it as such – that has taken place in East Midlands businesses over the past two years, with the pandemic understandably being a significant driver.

“Many businesses have developed new products and services, introduced changes to the way they manage employees, often with significant efficiency gains, and introduced new technology to support their engagement with customers.

“Going forward, general awareness of the importance of the need to continue evolving and innovating in order to succeed is high, but there remain a number of businesses that require further support – both practical and in terms of guidance – in order to maximise innovation activity in the region.

“R&D tax credits play a key part of the Government’s strategy to encourage investment in innovation in the UK. However, a significant proportion of companies – particularly non-manufacturing businesses – do not see these as being relevant to their organisation, suggesting more work is required in the region to raise awareness of this generous tax relief and supporting businesses to navigate the complex rules.”

The report ends with five recommendations for policymakers. These are:

  • Enhanced funding and focus on communication of existing policy to support innovation
  • Additional investment into leadership and management resource among SME businesses, building on the current Help to Grow Management programme
  • Further financial support for those businesses engaged in collaboration activity
  • Incentives for businesses to encourage investment in the creation of specific innovation-focused roles, including a greater focus on engagement with educational institutions
  • Aligning R&D incentives with the wider Government targets and objectives

Of the 432 businesses that responded to the survey, 34% were manufacturers and 59% were service sector companies, with 46% active in international markets during that quarter.

One-fifth (21%) employed more than 250 people, 32% had between 50 and 249 staff, and 42% employed fewer than 10 people.

To read the full East Midlands Chamber and RSM report, click here.

Posted in About Chesterfield, Business, Home

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