Search Results for: economy

Consolidation of state properties boosts London economy by £3.5bn

by • Property, Public Sector

Whitehall,_LondonAccording to a new report from property consultancy Knight Frank into the impact of the Government’s policy of consolidating and improving the management of the public sector estate in London, the economy has been boosted by as much as £3.5 billion. The study has reviewed the results of the work carried out by the Cabinet Office’s Efficiency and Reform Group at 16 properties in central London including the Department for Business, Innovation and Skills, the Department for International Development, the Land Registry and the Crown Prosecution Service. Many of these sites were seen as dated and have now been redeveloped for use by other organisations. (more…)

Cabinet for Core Cities looks to reshape the English economy

by • News, Property, Public Sector

A newly formed Cabinet of Core Cities met for the first time in Liverpool on Friday, seeking to reshape England and call on the Government to work with it to maximise the economic potential of the regions by creating a more balanced economic structure for the country and develop policies that would create jobs and investment. The cities represent the urban centres of Manchester, Nottingham, Newcastle, Birmingham, Leeds, Liverpool, Bristol and Sheffield.

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Employers increasingly see AI as a way of reducing headcount

Employers increasingly see AI as a way of reducing headcount

by • News, Technology, Workplace

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOne in six (17 percent) employers expect AI to shrink their workforce over the next year, with junior roles most at risk, according to the CIPD’s latest Labour Market Outlook which surveyed over 2,000 employers on their hiring, redundancy and pay plans.  Of those, almost two thirds (62 percent) believe that clerical, junior managerial, professional or administrative roles are most likely to be lost because of AI. The risk is highest in large private sector firms, where one in four (26 percent) expect headcount to fall, compared with 17 percent in the private sector overall and 20 percent in the public sector. (more…)

Government report warns of growing health-related economic inactivity

Government report warns of growing health-related economic inactivity

by • News, Wellbeing

The Government has published its final Keep Britain Working report, warning that the United Kingdom faces a continuing rise in economic inactivity linked to ill health, disability and long-term sicknessThe Government has published its final Keep Britain Working report, warning that the United Kingdom faces a continuing rise in economic inactivity linked to ill health, disability and long-term sickness. The report, issued by the Department for Work and Pensions and the Department for Business and Trade, sets out evidence that more people are leaving the workforce because of health conditions, reducing productivity and increasing costs for employers and the state. (more…)

There’s a simpler, more natural and diverse approach we can take to workplace design

There’s a simpler, more natural and diverse approach we can take to workplace design

by • Comment, Workplace design

A different approach to workplace design, one that values clarity, quiet and coherence, is being driven more by carbon reductions and overall user experienceOur buildings do more than house activity. They shape our states of mind. Yet many contemporary spaces, whether offices, schools or public buildings, are full of visual noise, synthetic finishes and unnecessary complexity. These elements are often justified in the name of expression or efficiency. But they can leave people disoriented, distracted or exhausted. A different approach to workplace design, one that values clarity, quiet and coherence, is being driven more by carbon reductions and overall user experience than by neurodiversity alone. Through seeking simpler, more durable ways to build: an architecture grounded in natural materials, minimal finishes and thoughtful restraint. (more…)

UK regions receive additional £20 million to support science and technology growth

UK regions receive additional £20 million to support science and technology growth

by • News, Property, Technology

Three UK regions will receive an additional £20 million each to support science and technology development as part of a government initiative to drive innovation outside London and the South EastThree UK regions will receive an additional £20 million each to support science and technology development as part of a government initiative to drive innovation outside London and the South East. The Greater Manchester, West Midlands and Glasgow City regions will see their total funding rise to £50 million each through the Local Innovation Partnerships Fund. The announcement coincides with the first Regional Investment Summit in Birmingham, where government ministers, local leaders and business representatives are discussing ways to strengthen regional economies through research, innovation and private investment. The funding is intended to help local partnerships expand projects in areas such as advanced manufacturing, clean energy and life sciences, translating research activity into commercial growth. (more…)

Most people now use unapproved AI tools despite security and privacy risks

Most people now use unapproved AI tools despite security and privacy risks

by • AI, News

A new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurityA new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurity. According to the research, 71 percent of UK workers have used or tried unapproved “Shadow AI” tools for work purposes, with more than half (51 percent) doing so on a weekly basis. These tools are often used for writing reports and presentations, drafting communications, and even handling finance-related tasks. (more…)

Circular design and human-centred innovation celebrated at BCO National Awards

Circular design and human-centred innovation celebrated at BCO National Awards

by • Environment, News, Property, Workplace design

An office built entirely on circular design principles, a 3,300 sq m living wall and the transformation of a Victorian infirmary into a modern workplace were among the projects recognised at the British Council for Offices (BCO) National Awards. Held on 7 October at the JW Marriott Grosvenor House in London, the event brought together more than 1,200 senior figures from across the office sector to celebrate excellence in workplace design, development and operation. (more…)

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

by • Business, News, Technology

Switzerland retains its long-standing position as the world’s most innovative economy, followed closely by the United States, Sweden, the United Kingdom, and SingaporeIn Orson Welles’ famous scene-stealing cameo in The Third Man, his character Harry Lime comes out with that (in)famous speech about Swiss culture. “In Italy for thirty years under the Borgias, they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance,” he says. “In Switzerland, they had brotherly love, they had five hundred years of democracy and peace, and what did that produce? The cuckoo clock.” This does the Swiss a disservice in a number of ways, not least that a major new report claims that Switzerland is maintaining a long tradition as the most innovative country in the world. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

by • News, Property

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Young people aren’t lazy or disloyal. They just expect different leadership

Young people aren’t lazy or disloyal. They just expect different leadership

by • Comment, Workplace

As they join the workforce in greater numbers, this new cohort is helping to redefine what work and leadership meanFor decades, the idea of a “good job” was measured with a simple formula: a stable contract and competitive salary. That rule does not seem to hold in the same way for Generation Z, broadly understood as those born between 1995 and 2010. As they join the workforce in greater numbers, this new cohort is helping to redefine what work and leadership mean. Salary still matters, of course, particularly when it comes to gaining independence in a time of high living costs, but many young people no longer see pay as the decisive factor in choosing or staying in a job. Instead, they are attentive to whether companies are genuine in their values, whether their work carries purpose, and whether employers are aware of their social impact. (more…)

Just one more CoreNet? Give it to me.

Just one more CoreNet? Give it to me.

by • Comment, Property

Esme Banks Marr reports from CoreNet in AmsterdamLast week, CoreNet Global’s EMEA Summit returned to Amsterdam, and with it, the familiar rhythm of connection, conversation, and the occasional déjà vu. I’ve attended a handful of these, and every year I tell myself I pretty much know what I’m in for… and yet, I keep coming back. Why? Well, let me unpack. First, let’s talk about the setting. Amsterdam is one of those cities that feels like it’s permanently on the front foot. It’s forward-thinking, relentlessly innovative, and always busy shaping the future. From cycling-first urban design to a thriving HQ and campus workplace scene, it’s a natural stage for a conversation about “Innovate to Thrive”, this year’s conference theme. I’ve always had the sense that the city itself lives that mantra. (more…)

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