Latest updates and stories from Bedfordshire Chamber of Commerce and its Members

Esther Roche has been named one of the UK’s most inspirational and dynamic female entrepreneurs by the f:Entrepreneur ‘#ialso100’ campaign.

In recognition of its wide-ranging support for small businesses, outstanding student entrepreneurship provision and dedicated work with small or medium sized enterprises (SMEs) to support growth in the local community, Cranfield School of Management has achieved the Small Business Charter Award.

•    After significant declines across all business conditions tracked by the BCC in Q3, most indicators have stabilised at a low level. 
•    Profitability confidence remains at Covid-crisis levels; only one in three (34%) businesses believe their profits will increase over the coming year, while more (36%) expect a decline.   
•    Just 33% of firms experienced an increase in sales over the past three months, while 25% of firms reported a decrease, with hospitality firms the least likely to report improvements.  
•    More firms are reporting taxation (38%) and interest rates (43%) as growing business concerns.  

Years ago, a proverb was inscribed over the fireplace of an old Bedfordshire pub: “Fear knocked at the door. Faith answered. No-one was there.”

It’s a reminder that, even in times of turmoil, all is often not what it threatens to be, and we believe that there are genuine signs that the coming year potentially holds hidden promise for businesses forearmed with the right knowledge and the right connections, despite the wider economic issues.

Here are a few examples of what’s on our radar.

Stephen Blythe, Business Manager at Jaltek Systems Ltd., is proud to be part of the Luton electronics manufacturer that has seen its business double over the last four years, and is targeting further ambitious growth across sectors including Automotive & Electric Vehicles (EV), Clean Energy, Medical, and Defence & Aerospace.

Commercial property consultants Kirkby Diamond has completed a hat-trick of deals at a leading technology park in the heart of the Oxford Cambridge Arc.
 
The deals at Cranfield Technology Park, next to the world famous Cranfield University in Bedfordshire, are expected to bring new jobs and investment to the region.

The people of Bedford will soon be able to enjoy a new art project by Bedford Creative Arts (BCA). Four murals in the style of “Ghost Signs” will be popping up around the town and all will depict historic and technical developments from Bedford’s past.  

Reacting to the ONS GDP figures for October, David Bharier, Head of Research at the BCC, said:    

"The monthly growth in GDP for October of 0.5% is overshadowed by the underlying three-month trend revealed by the data, which shows a contraction in the economy of 0.3%.

Bedfordshire company Colpac has received the nationally recognised Health and Safety Seal of Excellence Award from the British Printing Industries Federation (BPIF) after scoring 100% in a recent audit.

Marsh Farm Futures Staff and Board Members attended the SME National Business Awards at Wembley last Friday, 2nd December 2022 and were very pleased to witness Mr Mohammed Rafi, CEO of Marsh Farm Futures being awarded GOLD for the category of Lockdown Leader, following on from his success, in September, at the Luton & Beds Regional Awards, when MFF won Silver for being the Best SME Business with under 50 employees.

Crouchers are proud to announce that they have recently launched a new office branch in Luton. “We have been operating in the Milton Keynes area for over nine years and we have decided it is time to branch out into Bedfordshire as well. We already have an office in Wellingborough, and we think it's time to expand our reach even further.

As you may be aware, the Government’s Skills for Jobs White Paper set out an ambitious employer-led approach aimed at making Further Education (FE) provision more responsive to local skills needs and ultimately local economic needs.

The WTO’s World Trade Report, released at the recent COP27 summit, contains much to make us all proud of being businesspeople, because it sees trade as the potential cornerstone of sustainability and climate action – not the hindrance to it that it is often viewed as.

Chancellor Hunt’s turn at the despatch box on 17 November was, in many ways, noteworthy for the taxes he didn’t change, rather than those he did.

But it’s important for businesses to understand that the absence of changes to headline tax rates hides changes to thresholds and allowances below the surface – and these will affect how much of your business’s earnings you keep.

Wyboston Lakes Resort has won the Sustainability Award in the highly prestigious Meetings Industry Association’s miaList 2022.

The miaList, now in its eleventh year, recognises inspiring and exceptional individuals and performance in the business meetings and events industry.

Firms of all sizes are currently confronted by a host of challenges, from soaring energy bills, labour shortages, spiralling inflation, and climbing interest rates. 

As a business owner, you need to ensure that your doors stay open and that your business can thrive no matter what the season brings.

Cranfield School of Management has been recognised for the high quality and standard of its apprenticeship provision by City and Guilds / Institute of Leadership & Management (ILM) end-point assessment (EPA) award.

Bedford Creative Arts (BCA) is delighted to be invited to return to Arts Council England's National Portfolio for a further three years.

The Neville Trust Group, a fifth-generation family-run business, that consists of Neville Funerals, Neville Special Projects, Neville Trust and Neville Joinery, has embedded itself deeply within its regional communities for over 140 years, offering support well beyond its remit as a local enterprise. With nine funeral branches across Hertfordshire, Bedfordshire, and Buckinghamshire, and a range of construction sites across that area and wider, the business is committed to serving families during their time of need.

The Cloud Geeks Team are experts at delivering enterprise grade cloud solutions to the SME – and at the CNA awards this year, they received well-earned recognition for its solution provided to Carnevale Group.

It’s no secret that small and medium enterprises (SMEs) have had more than their share of tribulations recently – Brexit, Covid, and now soaring interest rates and energy costs.

But whilst you may be feeling shell-shocked, now is not the time for desperation - it’s the time for preparation.

If you ready your business for the tricky times ahead, you might even turn adversity into opportunity.

With energy bills in the news, businesses of all sizes are keeping a close eye on how much they’re using day to day.

We know that small business owners are working flat out to keep their business running and might not think they have the time - or brain space - to start thinking about this. However, there are some simple hacks out there which can help businesses limit their energy usage.

The Government’s emergency budget – described by them as “The Growth Plan” – is the most radical in decades, and its low-tax agenda and high borrowing has raised alarm in some quarters.

But for small and medium enterprises (SMEs) in particular, there are plenty of changes that stand to deliver new benefits, both to the business directly, and through more attractive conditions for employees.

Here’s what’s changed – and what it means to many of Bedfordshire Chamber of Commerce’s member businesses across the county.

As part of the airline industry’s post-pandemic recovery, Resource Group, Europe’s leading aviation skills business, is opening a new regional hub for Apprentice training at London Luton airport. 

The new Apprentice training facility, which is being launched in collaboration with British School of Aviation, will make a vital contribution in providing the aviation maintenance skills needed to sustain the industry in the years ahead.

Commenting on the Chancellor’s Fiscal Statement, Shevaun Havilland, Director General of the British Chambers of Commerce (BCC), said:
“Businesses will welcome many of the measures announced today that should boost economic growth, relieve cost pressures and encourage investment.

For many UK small and medium enterprises (SMEs), the road is rough at the moment. We’ve spoken to our own expert members, and found some of the best resources on the web, to bring you these five tips for staying successful in a new and unpredictable world.

Newest product is designed with the commercial pharmaceutical market in mind

Peli BioThermal, the life science industry’s partner from discovery to distribution, announces its newest reusable, flexible temperature controlled shipping solution. Crēdo™ Go is designed to adapt to unique customer programs, as well as to help pharmaceutical companies reach environmental, social and governance goals, cost reduction targets and operational performance indicators.

**Please note that there is no budget defined to each competition round. Projects deemed fundable will be funded and, if the budget is used up in a given competition round, there will be no further competitions. Therefore, if you are considering applying for this funding, it is advisable to apply as soon as possible

Beds Chamber member, THSP, celebrated their 30th Anniversary on 2nd September.

But this was no ordinary milestone. Not only has it been 30 years since John Thoday and Adrienne Massey founded The Health and Safety People, but it is also one year on from the business becoming Employee Owned.

With the UK employment skills shortage extending across over 30 domains, according to the Government’s own figures, colleges and other institutions have a critical role to play in identifying where skills fall short and what needs to be done about it.