Search Results for: investment

February 25, 2015

The pressing need for more women to forge careers in STEM disciplines

by Mark Eltringham • Facilities management, News, Property, Technology, Workplace

One of the most pressing economic challenges facing the UK is producing enough qualified professionals in the key science, technology, engineering and maths (STEM) disciplines. And, as a number of new reports make clear, the problem is compounded by the failure of enough women to develop careers in those areas that will define the country’s economic future. It was a point raised in a recent Government report into the UK’s digital future. Writing for the BBC earlier this month Dame Prof Ann Dowling the President of the Royal Academy of Engineering laid out the scale of the problem; by 2022 the UK will need at least 1.82 million new engineering, science and technology professionals. What is also becoming clear is that, while many women are keen to develop STEM careers, they face a series of obstacles at every step.

February 24, 2015

Fit note linked to sharp reduction in long term work absences

by Mark Eltringham • News, Wellbeing, Workplace

The much discussed ‘fit note’ legislation introduced in the UK in 2010 may have resulted in a sharp reduction in the number of people taking long terms absences from work, according to a new study, which also revealed a starkly growing number of people taking time off work to deal with mental health issues. Researchers from the Institute of Psychology, Health and Society at the University of Liverpool claim to have found evidence that the UK ‘fit note,’ which replaced the ‘sick note’ in 2010 in the UK, is linked to fewer people taking long term sick leave of 12 or more weeks. A report based on the same study published in the journal Occupational & Environmental Medicine also found that the proportion of people off sick with depression, anxiety, and stress has increased noticeably.

February 19, 2015

Government making progress in flexible working and green tech

by Mark Eltringham • Facilities management, Flexible working, News, Public Sector, Technology

The Government has published the latest edition of its ‘Greening Government ICT Strategy’ report, which looks at how central public sector bodies in the UK are addressing environmental issues directly associated with hardware as well as related issues such as travelling to work, the use of property, working cultures and the delivery of services. For the first time the report includes details of energy consumption. The main commitments of the strategy are the ongoing shift to cloud based ‘digital by default’ operations and a focus on the flagship the Way We Work (TW3) flexible working programme which aims ‘to ensure that civil servants have the modern tools they need to enable them to work effectively together and with customers. New greener digital technologies and working practices will help do just that.’

February 18, 2015

Record uptake of London office space continues…but at a price

by Mark Eltringham • News, Property, Technology

Take up of leased office space in London has hit its highest level since 2000, claims a new report from BNP Paribas Real Estate. The recorded level of 4.49 million sq. ft. during the final quarter of 2014 was driven by serviced office operators and occupiers in the technology, media and telecoms sectors. TMT firms accounted for just under a third (31 percent) of the market in Q4 and 24 percent for the whole year. However the market is still characterised by a mismatch of supply and demand which means not only low vacancy rates in key business districts but also sustained upward pressure on rents. The average office rent per square metre in the City of London has risen by 17 per cent from £560 to £655. In the prime parts of the West End rents have jumped 8 percent over the year to £1092 per square metre.

February 17, 2015

Employment confidence is increasing, but so is the pay divide finds CIPD

by Sara Bean • News, Public Sector, Workplace

The UK workforce is seeing an increasing pay divide between employers that can now afford to increase wages by 2 percent or more and those that are stuck in a pay freeze. According to the latest Labour Market Outlook from the CIPD, almost half of the UK workforce saw either a pay freeze or a pay cut (3% pay cut, 39% pay freeze) in the twelve months to December 2014. In contrast, a similar proportion (40%) have received a pay increase of 2 percent or more and less than a fifth (18%) fall in the middle ground of people who have received a pay increase in the 0.1-1.99 percent corridor. As well as identifying a growing pay divide, the report finds employment confidence is set to remain strong over the next three months with around two thirds of employers (65%) planning to recruit new employees.

February 16, 2015

Government launches scheme to attract US tech sector to UK

by Mark Eltringham • News, Property, Technology

The Government has launched a scheme to attract US tech firms to set up or ramp up their businesses in the UK. The tech sector is already worth around £120 billion to the UK and the Government hopes the HQ-UK programme will offer investors a chance to tap into a well-established pool of talent and a business-friendly and low tax economy. The initiative is a joint venture between Tech City, the Department for Business, Innovation and Skills, and the Department for Culture, Media and Sport. HQ-UK will simplify and quicken processes for visa applications and setting up UK bank accounts. The programme will also highlight the UK’s high skilled tech savvy workforce, the Government’s commitment to the development of programming skills in schools and the second largest labour market in the EU.

February 12, 2015

RIBA calls for next Parliament to focus on the built environment

by Sara Bean • Architecture, News, Property, Public Sector

The Royal Institute of British Architects (RIBA) has called on all parliamentary candidates to focus on the built environment in the forthcoming general election. Along with a renewed focus on building more quality homes and schools, RIBA is campaigning for improving the planning process; developing flood-proof communities; delivering energy efficient buildings and retrofitting those that are not; and providing a good quality built environment to accommodate an ageing population and encourage more people to become healthier. The #BuildaBetterBritain campaign is based on RIBA’s report and recommendations, Building a Better Britain: A vision for the next Government. RIBA has created a campaign website to enable architects and constituents to find and make contact with their candidates.

February 5, 2015

Buoyant demand for commercial property across Europe, claims report

by Mark Eltringham • Company news, News, Property

Europe’s commercial property market ‘sizzled’ during 2014, according to a new report by Real Capital Analytics (RCA). Europe saw 213.1 billion euros of commercial real estate transactions in 2014, a rise of 13 percent over 2013. Paris led France to a 31 percent rise, although the French capital accounted for three quarters of demand. In contrast, demand in London fell 3 percent as high prices led investors to British regional markets, with the UK market overall up 16 percent. A similar trend emerged in Germany, where volumes in Berlin, Munich and Hamburg fell, while markets in the Ruhr, Cologne and Stuttgart strengthened. Most improved were commercial property markets in Ireland and Spain, where investment volumes soared 89 percent and 134 percent respectively.

February 3, 2015

Government publishes details of UK’s digital infrastructure for first time

by Mark Eltringham • Flexible working, News, Public Sector, Technology

The UK government has today published new information about over 13,000 miles of publicly owned digital infrastructure and outlined steps to ensure that these networks are used to improve connectivity for users and businesses across the country. Each year the government claims to spend around £1.5 billion of taxpayers’ money on public sector networks, including signal masts, fibre optics, and cables but had no comprehensive database of the details of the current infrastructure. The Government now hopes that the publication of the details of the nation’s public digital infrastructure will allow its spare capacity to be used effectively, to minimise the chance that a lack of knowledge will lead to unnecessary duplication and to allow more parts of the UK to enjoy better digital coverage and enhance the benefits of flexible working.

February 3, 2015

UK Government lays out its plans and hopes for Internet of Things

by Mark Eltringham • Facilities management, Legal news, News, Technology

Ofcom, the UK Government’s regulatory body for the telecoms industry, has published its strategy to establish the ways in which the UK can have a leading role in the development of the Internet of Things. The technology, which links objects to each other wirelessly, is already installed in some 40 million devices in the UK and Ofcom predicts this number will grow in to the hundreds of millions by 2022 with more than a billion daily transfers of information. The report is calling for a collaborative programme of work led by the private sector and government to create a regulatory and business environment that encourage the uptake of the technology and drives investment and innovation. The report lays out the key criteria needed to make this a reality and presents a range of scenarios in which the technology yields discernible benefits.

February 3, 2015

Development of urban infrastructure held back by city leaders

by Mark Eltringham • Cities, News, Property, Public Sector

The main obstacles to the implementation of urban infrastructure are those raised by the organisations and people who do most to champion them. That is the standout finding of a new report, Urban Infrastructure Insights 2015, published by the Economic Intelligence Unit and FCC Group. The survey of more than 400 business leaders and policy makers worldwide found that a majority believe the greatest impediment to the development of urban infrastructure is a lack of will and skill amongst civic leaders and officials. Lack of political will was cited by 40 percent of respondents, alongside a lack of skills among officials (39 percent), and poor governmental effectiveness (34 percent). Lack of funds was cited by 34 percent. Policy makers were especially scathing about city leaders with more than half citing their lack of skills and knowledge.

January 28, 2015

Employers over-estimate levels of staff happiness and engagement

by Sara Bean • News, Wellbeing, Workplace

Nearly half (46%) of employers believe their company is a great place to work compared with less than a third (31%) of staff, and UK staff have alarmingly low energy levels, a new survey has revealed. The data from MetLife’s UK Employee Benefits Trends Survey shows how highly employers rate recruitment and retention. Forty percent of UK companies say they will be affected by talent shortages over the next year and their key benefits challenges are retaining (41%) and hiring talent (37%). However, the greatest recruitment and retention challenge is the gap between employer and employee views. Although 32 percent of employees say they are loyal to their employer – just 22 percent believe their employer is loyal to them. In contrast 39 percent of employers’ believe their employees are loyal and 40 percent believe they are loyal to employees.