Search Results for: finance

June 1, 2015

London’s buoyant startup scene driven by tech sector success

by Sara Bean • Facilities management, Flexible working, News, Technology

The UK has seen an all-time high of new startups in 2014, with London contributing the majority of new businesses to the mix. According to a new analysis by Instant Offices, London’s startup scene is set to reach record highs in 2015 as it spearheads the UK’s growing entrepreneurial community. The tech industry in particular has skyrocketed, rising 40 percent year-on-year and resulting in a seven year high. Research from the national enterprise campaign Startup Britain shows 581,173 businesses registered with Companies House last year, beating the previous record of 526,446 businesses recorded in 2013, and 484,224 in 2012, indicating a rapid upward trend of the UK’s startup market. Last year alone, London produced 184,671 startups, centering around finance, media, fashion and technology. Investment into England’s capital has also seen rapid growth, with London now the leading venture capital city in Europe.

May 6, 2015

TfL to occupy first commercial property at International Quarter

by Sara Bean • Architecture, Company news, News, Property

Construction is to begin this summer on the first of a number of office buildings planned for the second stage of the International Quarter, a £2.1 billion mixed-use development in Stratford in East London. Transport for London (TfL) has signed a pre-let with Lend Lease and London and Continental Railways (LCR) to occupy all of the space in the 265,000 sq ft commercial property. An estimated 3,000 TfL workers will relocate to the International Quarter’s new offices and, once completed, an estimated 25,000 people will work at and visit the site each day. The developers claim they are in discussions with other tenants about moving to The International Quarter – which, at a total of four million square feet, will be one of the largest new commercial property developments in the capital.

May 1, 2015

Rubberstamp for relocation of HSBC headquarters to Birmingham ⁰

by Mark Eltringham • Cities, News, Property

Unsurprisingly, the high profile relocation of HSBC to a new base in Birmingham has been rubberstamped by the city’s council. Despite HSBC’s recent threat to quit the UK completely, the planning committee has confirmed that the move, first announced in March, will go ahead as planned. The new 210,000 sq. ft. landmark building at the 2 Arena Central mixed use scheme has been designed by Ken Shuttleworth for handover to HSBC in 2017. The move to Birmingham has been largely attributed to the bank’s reaction to the financial crisis and the subsequent climate of legislative reform and public criticism. HSBC has longstanding links with the West Midlands and The Birmingham Post reported recently that it may resurrect the name Midland Bank as it relocates 1,000 staff to the UK’s heartland.

April 30, 2015

Three workplace issues that could help to shape the general election ⁰

by Mark Eltringham • Comment, Flexible working, Legal news, Technology

With only a week to go until the general election, nobody seems clear on what exactly will happen at the polls, least of all the voters. The BBC’s political correspondent has described it as the Vanilla Election, with the major parties paralysed by the closeness of the race into not doing anything bold or imaginative enough to spook an ambivalent and undecided electorate. With little to differentiate the parties and an unprecedented degree of cynicism fuelled by social media and online commentary, it seems likely that voters may be swayed by what may in the past have been peripheral issues. Over the past few days several news items have even hinted that workplace related issues might have a role to play in making up people’s minds. Here are three.

April 27, 2015

Firms in Middle East could drive the global uptake of HR analytics ⁰

by Mark Eltringham • News, Technology, Workplace

First generation organisations in the Middle East have a unique opportunity to lead the development of HR analytics worldwide but are hampered by unreliable data, a lack of analytical skills and inadequate infrastructure, according to a new report from the Chartered Institute of Personnel and Development (CIPD). Evolution of HR Analytics: A Middle East Perspective highlights the appetite for Middle Eastern firms to use HR and people measurement capability – or ‘HR analytics’ – to gain insights that can improve overall performance and productivity. It explores the unique opportunity that ‘adolescent’ and fast growing firms have to develop innovative approaches to HR analytics, without being shackled by legacy IT systems, ingrained HR policies and strategic barriers that more established organisations can face.

April 23, 2015

Proposal to fund development of Grade A office space in Northern Ireland ⁰

by Sara Bean • Facilities management, News, Property

Plans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

April 17, 2015

Want to rile the electorate? Buy some office furniture. ⁰

by Mark Eltringham • Furniture, News, Public Sector, Workplace design

It’s fair to say that most people can go about their day to day lives without worrying too much about the price of office furniture. That is until they need to work themselves into a state of excitement about the amount of taxpayers’ money being spent on desks and chairs. We’ve already highlighted how the hackles of the electorate are raised easily by the sight of refurbished offices although we are at a loss to explain why, especially when you consider it in comparison to the spectacular foul-ups associated with IT procurement and the fact they probably don’t sit around on tea crates at home. This visceral reaction is an international phenomenon. While the good people of Sheffield can whip themselves up about a £73 task chair, across the pond a political storm has formed around the £4 million expenditure of the Internal Revenue Service (IRS) on office furniture.

April 14, 2015

RBS to save £18 million a year with office consolidation plans ⁰

by Mark Eltringham • Architecture, Facilities management, News, Property

The Royal Bank of Scotland (RBS) is to close four of its offices in Edinburgh as it moves to consolidate its operations at its Gogarburn headquarters. The change is expected to divest around 344,000 sq. ft. of space at the four existing sites in the centre of Edinburgh, saving some £18 million a year when the move is completed by 2017. By then some 6,000 employees will be working at the HQ in the rural district of Gogar, doubling the number of existing employees on the site. In addition to the consolidation, RBS is opening up the building to new and existing businesses to promote their growth. The plans involve the creation of a centre for entrepreneurs and small businesses which will allow them access to expert advice and finance, develop relationships with RBS and also encourage them to collaborate and share ideas with each other.

April 12, 2015

Green Sky Thinking to focus on designing in sustainability for London ⁰

by Sara Bean • Environment, Facilities management, Wellbeing, Workplace design

Green infrastructure, social sustainability and intelligent design are the main themes for this year’s Green Sky Thinking event, which takes place between 20-24 April. The event includes a range of informal session and on-site talks that highlight what the organisers claim is best practice on how to ‘design in’ sustainability. The purpose of the programme, led by Open-City, is to enable those working within the built environment to see real life sustainable solutions, talking face to face with those responsible for designing, delivering and managing successful schemes. Its ultimate aim is to help them gain a holistic and cross-disciplinary understanding of how sustainable development is being practically applied across London, while understanding the current technologies, policy and thinking and how these translate into practice.

March 4, 2015

Majority of UK workers happy with work life balance, claims report

by Mark Eltringham • News, Wellbeing, Workplace

A new report from private bank Investec claims that three quarters of the UK’s professionals working in fields such as law, finance and healthcare are happy with the current balance between their work and personal life. The survey of 2,000 people suggests that just a quarter (25 percent) claim to be unhappy with their work life balance and a third (32 percent) say that their friends and family would describe them as ‘workaholics’. However, a third (33 percent) are also confident of an improvement in their work life balance over the next five years even though the same proportion also claim that the past five years have seen it decline since 2010. Workers in London are most optimistic despite the fact they are most likely to see themselves as workaholics with nearly half (45 percent) feeling optimistic about the future state of their working and personal lives.

February 6, 2015

Over a third of Scottish businesses are based at home (and a fifth started there)

by Mark Eltringham • Flexible working, News

Over half of businesses in Scotland started in somebody’s home and over a third are still based there, according to a new report from the Federation of Small Businesses (FSB) and researchers from the University of Glasgow. The study of 1,000 Scottish businesses found that 39 percent are based from home and a further 19 percent began life there. The FSB claims that Scottish home based firms turn over around £20 billion a year with three quarters of them with a turnover of less than £100,000 and – perhaps unsurprisingly – only 3 percent with a turnover greater than £500,000. Two thirds also employ at least one additional member of staff. The report’s authors are now calling on Government to acknowledge the significance of these firms and develop policies to help them thrive.

January 28, 2015

Digital revolution continues to transform the way we work

by Mark Eltringham • Facilities management, Flexible working, Technology, Workplace

The full extent of the way digital technology is transforming British working life is apparent in new research published by Brunel University. The study – essentially a snapshot of the digital revolution in 2015 – found that 98 percent of the 830 businesses surveyed have a website, 8 in 10 manage finances online, 53 percent provide flexible working and 63 percent see innovation as a way to improve customer satisfaction. However, the study also reveals a major gulf between big business and SMEs, with larger firms significantly more digitised than their smaller contemporaries. This raises concerns over the preparedness of the SME sector at a time when the Government’s growth agenda has prioritised nurturing and supporting new and evolving enterprises – and for whom the digital battleground has broken down traditional barriers to entry.