How customer focused are you? By Fiona Duncan-Steer, founder of RSViP Business Networking Agency

Fiona Duncan-Steer, founder of RSViP Business Networking Agency, explains the importance of being ‘people’ focused instead of ‘customer’ focused.  Being customer focused isn’t always a good thing. I’ll explain. Wearing your sales hat and providing what you may class as top-notch customer service can and often will go against what you are setting out to achieve in the first place – from the perspective of the customer. Yes as a consumer we expect professionalism, honesty, a delivery on promises etc etc. That is standard for what we as business owners would like to think we provide consistently through our products and services, but as a customer, we also crave personability, personality and a bespoke service that makes us feel…well, exclusive and a little bit special. Not just another ring in the till, another tally on the chart and another invoice to process, because let’s face it, nobody likes to be ‘sold’ to. In fact, the best salespeople are those who sell to you without you even realising you are being sold to. This is why networking has become the new cold-calling – think about it. We as a customer want to feel valued, like the hard-earned money we are spending is appreciated. Some of the best experiences I have had when staying at hotels, dining at restaurants or even getting my car washed, are when I have had actual conversations and a bit of a laugh with the waiter/receptionist/bar tender, when they have taken the time to ask me questions, get to know me and make my experience just that little bit extra, going above and beyond the call of duty. That understandably overused cliché of ‘people buy people’ really comes into play here, as we wouldn’t spend our money with someone we didn’t like that much and if we did, it is likely we would feel regretful and unhappy about it, we’d wish we had gone with their competitor down the road who may not have been offering exactly what we were after, but who certainly would have made up for it with enthusiasm and appreciation. Sometimes this is all that it takes to bag the deal with me, in fact most of the time. As humans, we are continually on the quest for connection – even on a subconscious level, so the answer is simple – connect with your audience. We as businesses cannot afford to get it wrong anymore. With so many competitors out there doing what we do, most markets are saturated, so what stops someone walking a few yards down the road to give their money to your competitor who offers virtually the same thing as you, but just does it with a smile? Mistakes happen yes, no one is perfect, but as a business you cannot afford to be consistently complacent, blindly proceeding with lack of care in anyone or anything besides what they can do for you – particularly in a post pandemic world. ‘Service with a smile’ as they say is most certainly the way forward to capturing the attention of your audience and you’re seventy five percent of the way there in securing business if you have taken the time to get to know what it is your customer wants and needs. Most of the time people don’t even know what it is they need, that’s your job to work that out, so communicating effectively, in order to establish whether what they need is something you can offer them is ultimately very clever business. Granted you won’t be able to help everyone and again should you accept and admit this early on, it will save a lot of time, will not go unnoticed and will in fact be appreciated and you will be remembered for your honesty – instead of trying to manage expectations and not quite delivering on your promises, resulting in the opposite intention of business self-sabotage. Being people focused within your business and putting relationship building at the forefront of everything you do is a sure-fire way to laying a healthy and solid foundation for your business, which in turn will only grow and thrive from there. You will be remembered and recommended for your efforts, you will see longevity and higher customer retention and you will build a reputable brand with strong values with people at the core – something that many businesses don’t do because their tunnel vision for ‘bagging the sale’ overtakes everything else. So, ask yourself, instead of being ‘customer’ focused, could you be a little more ‘people’ focused instead? Fiona Duncan-Steer, RSViP www.rsvipnetwork.co.uk  www.fionaduncansteer.com   See this column in the May edition of East Midlands Business Link Magazine.

YMD Boon opens new Lincoln office as part of business growth

Architects and construction consultants, YMD Boon, have opened a new, larger office in Lincoln as part of growth plans to expand its business further across the Midlands. In the past 18 months, the company has expanded into new sectors, broadened its client-base and increased its employee headcount by approximately 35%. With offices in Market Harborough and Nottingham, the expanding firm will be replicating the success it has had in these areas with a new focus on Lincolnshire and surrounding regions. Shari Setayesh, director, said: “YMD Boon have established relationships with many clients in Lincolnshire, including Boston College, Boston Borough Council and several local schools, so a natural step for us was to open a larger premises here for our growing team.” Jonathan Warren, director, also said: “We are excited at the prospect of working with more organisations in and around Lincolnshire. The move to larger office space strengthens our capabilities within Lincolnshire at a time when the region is booming.” YMD Boon are now looking for talented individuals to join them at this exciting time. Are you looking for a new role? Get in touch today or visit their Careers page here.

Lending to small businesses hits all-time low, new study finds, with six in ten impacted by late payment

The Federation of Small Businesses (FSB) is warning that banks “pulling up the drawbridge” to small firms will further stifle economic growth as its new Small Business Index (SBI) study shows successful finance applications plunging over the first quarter of this year. Fewer than one in ten (9%) small firms applied for finance in Q1 2022, the lowest proportion since SBI records began. The share that saw applications approved (43%) is also at a record low. The number of respondents describing the availability of credit as “good” (19%) has tumbled to its lowest point since 2016. A minority (44%) of successful applicants were offered a borrowing rate of up to 4% in Q1 – the figure is down 32 percentage points on the same period last year. Of the few firms that did manage to secure finance, four in ten (42%) plan to use credit to manage cashflow, considerably more than the numbers planning to use funds for equipment updates (21%), expansion (19%) or recruitment (4%). The majority (61%) of small firms were impacted by late payment of invoices over the first quarter of this year. A quarter (26%) say the propensity for late payment is growing – close to one in ten (7%) experienced late payment for the first time in Q1 of this year. Of those that applied for finance, the majority (61%) sought traditional overdraft and/or loan products. A quarter (25%) applied for asset-based finance, such as invoice finance, with smaller numbers seeking funds through peer-to-peer platforms (7%) and/or crowdfunding (5%). Latest Bank of England figures show the annual growth rate of lending to SMEs at a record low, despite small firms making net debt repayments of close to £1bn in March alone. Lending to big corporates, by contrast, has increased significantly since the start of the year. One in ten (11%) small firms plan to close, sell or downsize their business over the coming year, equating to more than half a million businesses. FSB national chair Martin McTague said: “Lenders pulling up the drawbridge for small firms will threaten our already faltering economic recovery. “Businesses are born every day across the UK – many need funding to get off the ground, ensuring they reach a stage where they’re profitable and creating opportunities. “A lot of those who’ve worked tirelessly to adapt, survive and thrive over lockdowns need finance too, empowering them to take their firms to the next level, driving our economic recovery and the transition to net zero in the process. “A big chunk of what little finance is being accessed is being used to manage cashflow challenges as our late payment crisis worsens, rather than for much-needed investment and innovation. “The Government should accelerate delivery of our proposal to make Audit Committees directly responsible for supply chain practice to address this worrying trend. “Culture change is what’s needed here – lenders taking an objective approach to small business finance and big corporates putting best supply chain practice at the heart of environmental, social and governance programmes. “The result would be win-win: strength in corporate supply chains and a thriving small business community driving economic growth from the ground up.”

New £2m accommodation opens for homeless people in Nottingham

Sir John Peace, Lord-Lieutenant of Nottinghamshire and patron for Framework, has opened a new purpose-built Framework building, providing accommodation for single homeless people. Sixteen people supported by Framework have moved into the new one-bed flats at Mechanics House off Mansfield Road, which replaces Framework’s hostel about a mile away, on Forest Road West. Nottingham City Council has contributed £500,000 from S106 planning funds towards the scheme, which is worth just over £2 million in total, along with funding from Homes England and Framework. Framework staff will be on-site for 24 hours a day to manage the building and provide specialist support to the residents, focused towards successful long-term resettlement. Cllr Toby Neal, Nottingham City Council’s portfolio holder for housing, said: ”Framework provide a range of important services supporting some of the most vulnerable people in Nottingham. The quality new facility will be vital in tackling homelessness and help provide better outcomes for people with complex needs. ”The ongoing partnership work between the council and Framework is having a real and positive impact on people’s lives and this new development will help to continue this.” Speaking about this major housing development, Framework’s Chief Executive Andrew Redfern said: “The creation of Mechanics House reaffirms Framework’s ongoing commitment to providing good quality homes and living environments for homeless people. The difference in outcomes for those living in a new flat with their own front door, compared to a dingy room in an old hostel, is stark. “There are benefits not only for the individual, but also the public purse: investment in good quality supported housing gives service users a much better chance to re-establish their independence quickly, thus leading to a long-term reduction in the cost of services to support them.”

D2N2 LEP’s Manufacturing Advisory Panel back Derby GBR Bid

The D2N2 LEP Manufacturing Advisory Panel met last week at SPE Swiftool Precision Engineering Ltd in Sutton-in-Ashfield. Alongside discussing a range of activity to support its maker SMEs, the Panel took time out to show their support for the Derby GBR bid and the significance this would have for the region – not just for Derby and the rail sector but also the wider manufacturing base. Great British Railways (GBR) will be the new single public body responsible for running and transforming Britain’s railways. The aim of GBR is to create a simpler, better railway for everyone in Britain. If successful, Derby’s bid to become the home of GBR would bring new jobs to the city, boost the local economy and support planned regeneration and future developments. Frank Horsley, head of business and innovation at D2N2 LEP, said: “Manufacturing is at the heart of Derby’s industry and is an historically important sector for the region. The LEP, and the Manufacturing Advisory Panel fully support Derby’s bid to become the home of GBR – it’s a natural fit and we believe is would be an excellent choice.”

‘Six of the best’ investment opportunities in Derby and Derbyshire to be showcased at major investment show

Six of the best investment opportunities in Derby and Derbyshire are set to be showcased at a major investment show taking place this week. Marketing Derby’s investment team will be present at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), which is taking place at the Royal Armouries Leeds, from Tuesday, 17 May. The three-day event will bring together the public sector – with every core UK city and region involved – alongside government, investors, funders, developers, housebuilders and more. With more than 5,000 people set to attend, among the key events taking place will be the launch of the Midlands Investment Portfolio. Put together by the Midlands Engine, the portfolio details investment opportunities across the region, including six key opportunities in Derby and Derbyshire. Those opportunities are Infinity Park Derby, SEGRO SmartParc Spondon, Derby’s Heart of the City scheme, Heart of Chesterfield, the South Derby Growth Zone and the East Midlands Intermodal Park. John Forkin, Managing Director of Marketing Derby, said: “Following a number of events held in Cannes at MIPIM earlier this year, Marketing Derby will be attending UKREiiF in Leeds to follow up contacts made, as well as catch up with many of our Bondholders from the investment and development community. “We have also been part of the team that has pulled together the Midlands Investment Portfolio, which will be launched at a reception in the Royal Armouries and this contains six of the best opportunities in Derby and Derbyshire.” The six Derby and Derbyshire schemes included in the Midlands Investment Portfolio have been taken from the Derby Investment Prospectus and the Derbyshire Investment Prospectus. The Derby Investment Prospectus showcases 16 key investment opportunities across the city, worth £1.2 billion. And the Derbyshire Investment Prospectus, produced by Marketing Derby’s Invest in Derbyshire service, on behalf of Derbyshire County Council and Derbyshire Economic Partnership, details over £1 billion key regeneration opportunities across the county. In total, 23 projects are featured in the Derbyshire prospectus, spanning the length and breadth of the county. These range from major sites which will help drive economic prosperity and support a growing population, to smaller projects at the heart of communities. Some of the projects in both prospectuses will provide the focus for the forthcoming Derby Property Summit, which is due to take place at QUAD, on Wednesday, 13 July.

Matthew Hoggard & Mo Walker open new WestBridge Group HQ

Former England Cricketer, Matthew Hoggard MBE, and British Basketball League winner Mo Walker from Leicester Riders were the VIP guests at the official opening of the new HQ of The WestBridge Group.

The company relocated to Dominus Way on Meridian Business Park in Leicester earlier this year as part of its growth strategy to create a centrally based HQ in a location with easy access to all essential transport links.

Having retired from cricket, Matthew appeared in an edition of Celebrity MasterChef in 2013. Since then he has honed his skills and has established his own cookery school and outside catering business called ‘Hoggys Grill’ which is located in idyllic settings on the banks of Rutland Water within Rutland Water Garden Nurseries.

Over 60 guests attended the opening and were served authentic Indian cuisine carefully prepared by Matthew and his outdoor events team. They were also treated to an informative Q&A session with Matthew and Canadian born basketball player Mo Walker who, standing at 6ft 10 inches tall, talked about his highly successful career and his experience playing for Leicester Riders, who yesterday beat London Lions 78-75 to take the BBL play-off, and become treble champions.

L-R: Mo Walker and Tom Moore

Tom Moore, founding director, said: “It was great to see so many of our clients and other East Midlands business professionals gathered together to officially open our new HQ. The demand for specialist tax advice and pension administration services is growing and by holding an official opening we have been able to thank everyone who has supported us so far and continue to raise awareness of our specialist expertise.”

The WestBridge Group provides specialist tax advice and independent administration, consultancy, and trustee services for Small Self-Administered Pension Schemes (SSAS).

New partnership to own and develop Silverstone Park

Federated Hermes, on behalf of the BT Pension Scheme (BTPS), and Canada Pension Plan Investment Board (CPP Investments) have announced a new partnership to own and develop Silverstone Park, the engineering and technology business park. MEPC, the wholly owned subsidiary of Federated Hermes, will continue in their role as development and asset manager, having established the Park over the past eight years on behalf of BTPS, building a strong management team and community relationships. CPP Investments will commit £135m to the joint venture and hold a 50% interest, with further investment planned to support the future development pipeline of the Park. Silverstone Park stands at 676k sq ft of income-producing assets let to a strong and diverse tenant base in addition to 92.6 acres of land upon which has long term development potential for a range of uses. Silverstone Park is located in the Oxford-Cambridge Innovation Arc, one of the fastest growing areas of the UK supporting more than two million jobs and contributing over £110 billion annually to the UK economy. The Park is situated immediately adjacent to the Silverstone Circuit, the home of the Formula One Grand Prix. The Park provides a global destination for innovation, business development and engineering, and has attracted over 80 high-tech engineering companies with current occupiers focused on automotive, engineering, defence, manufacturing, and electronics. The asset has also developed ties and collaboration schemes with local schools and colleges, including STEM and innovation programmes. CPP Investments and Federated Hermes, as investment manager of BTPS’s UK property investments, have previously co-invested on the development of other MEPC managed assets in Paradise Birmingham, Wellington Place and Milton Park. Chris Taylor, CEO real estate, Federated Hermes, said: “This is a noteworthy extension of our highly successful partnership with CPP Investments. Our vision for Silverstone Park is to build on the history, heritage and global reputation of the Silverstone Circuit, creating a home for engineering, innovation and business development beyond the world of motor sport, and we are delighted to share these aspirations with our joint venture partner.” Tom Jackson, Managing Director, head of real estate UK, CPP Investments, said: “We have successfully partnered with Federated Hermes on several projects in the UK, investing in long-term development projects in growth locations across the UK, where access to talent and innovation is strong, including Birmingham and Leeds city centres, Milton Park and now Silverstone Park. We believe our investment in Silverstone Park will support the scheme’s next phase of growth, further diversify our real estate portfolio and deliver attractive long-term, risk adjusted returns for CPP contributors and beneficiaries.”

New ambition set to launch conversations about the future of Derby City Centre

As part of the city’s recovery from the COVID-19 pandemic, and to meet the challenges of the 21st century, Derby City Council has created a new ambition document which outlines ideas for a bold, transformational vision for Derby city centre. The new document sets out ideas and ambitions for the city centre to inspire a conversation with the people of Derby to share their own ideas. These conversations will be the basis for a new city centre consultation, if approved by Cabinet members at May’s special Cabinet. The proposed conversations will initially run for 12 weeks. The vision will focus on longer-term ideas and interventions that will transform the city centre and secure its future as a vibrant place that people can feel proud of and want to visit. It will recognise the challenges facing all city centres, not just Derby, and provide an over-arching ‘direction-of-travel’ that will inform future plans and actions. Officers have spent some time engaging with key stakeholders and seeking to learn from best practice from across the UK. This has included visiting comparable cities where regeneration activity has led to successful transformation and speaking to those responsible for both planning and delivery. Cllr Steve Hassall, Cabinet member for regeneration, decarbonisation, strategic planning and transport, said: “We want to have a conversation with Derby residents, businesses and stakeholders about what they want Derby to be in the future. Our aim is to produce an exciting vision for the future of Derby city centre, supported by a robust delivery plan. “Whilst we need to take urgent action now to deal with the immediate challenges and the impact of the COVID-19 pandemic, we also need a longer-term plan that addresses the structural issues that face the city centre, of which can’t be solved overnight. This ambition document is unique and outlines possible ways we can transform Derby and create a successful city vision. “We aim to achieve this by working closely with our Team Derby partners and to get a greater understanding of what our residents and businesses would like and need to see in their city centre. These conversations will be the first step towards creating a new vision which will restore its position as the heart and soul of Derby.” This is the first time a city-wide future regeneration conversation has taken place since the creation of the City Centre Masterplan in 2016, which has brought about exciting developments including the Our City Our River project and the Becketwell development. However, the vision will be distinctly different to previous masterplans, setting out overarching principles and a framework within which more detailed plans and strategies can be developed. Conversations around the ambition will inform the development of the new City Centre vision, which is due to be published in 2023. The report will be discussed at Cabinet next Wednesday. If approved, the consultation will commence at the end of the month on the Let’s Talk Derby website. The conversation will initially last for 12 weeks over the summer for residents to share their ideas and give feedback.

Works complete at new £10m manufacturing facility in Mansfield

Midlands contractor G F Tomlinson has announced the completion of a new light manufacturing facility on Hamilton Way, Oakham Business Park, Mansfield. The £10million scheme sees the construction of a two-storey facility and basement space for a UK leading aerospace manufacturer based in the East Midlands. The 80,000 sq ft steel frame building features composite insulated cladding to the walls and roof to provide a production facility and headquarters comprising a ground floor with workshop, office and meeting spaces, including staff facilities and a basement level for storage. Adjacent is an external service yard with two artic loading bays and car parking spaces over three levels for 139 cars. Five gabion retaining walls are also in place across the site – totalling 170 metres in length with a height of 1.2 metres. As part of the project G F Tomlinson also carried out £3million M&E works, and worked alongside project manager and principal designer Jackson Design Associates and Webb Gray Architects – both firms the contractor has worked with previously on office and industrial schemes elsewhere in Mansfield and in Lichfield. Chris Flint, Managing Director of G F Tomlinson, said: “We are very pleased to have completed construction works for this impressive industrial facility in Mansfield, which has been designed to meet the end user’s growing manufacturing ambitions, storage and office requirements. “It is a pleasure to have worked once again with Jackson Design Associates and Webb Gray Architects – two local businesses which each have a wealth of experience in the Midlands region and in this sector.” David Grieves, senior project manager at Jackson Design Associates, said: “It’s great to see this project completed. The collaborative working relationship with G F Tomlinson helped overcome challenges along the journey, resulting in a successful project delivery. The client can now enjoy the impressive internal space for what they do best.”