News
Former banker spices up career by launching Indian food business with help of Chambers
Giving birth to triplets in 2002 was life-changing for Nicki Kainth from Penkridge.
She had worked in banking for seven years but becoming a mum of three girls led her to quickly reassess her priorities.
Nicki said: “As soon as I became a mum and saw these three gorgeous girls, I knew that I wanted to be with them every step of their journey through life. The girls are now 19 and at university.
“When they were 10, I started making cakes. I knew the basics and I’m quite artistic, so I taught myself more advanced techniques with a lot of help of YouTube. This led to me setting up my own cake business.
“During the first lockdown in 2020 I had an idea to start my ‘East meets West’ afternoon teas with an Indian twist of adding samosas and pakoras. This really took off and people loved it as it was something different.
“Positive feedback and readiness for a new challenge led me to start a new Indian food home delivery business, ‘The Indian Foodiva’. This was during the second lockdown; it was an instant hit, and I was fully booked within the first week. I had to turn people away and politely ask them to book early for the following week.
“I tried to offer something a little different by adding a delicious dessert to my starter and main course options. The reviews were amazing, and I got so many comments about the quality, freshness and taste of the food and the addition of desserts with a takeaway.
“However, as lockdown ended and the restaurants reopened, I saw a tail off in business. This is when I got in touch with the Staffordshire Chambers of Commerce for some help.
“I want to take my business to the next level and wasn’t entirely sure how to do this. I had great advice from start-up advisor Aly Davidson. Her advice was invaluable, as not only had she provided me with insight and knowledge to take my business forward but also, her encouragement and faith in me was so positive it made me realise that if I’ve done it once, I can do it again!
“The next exciting stage in the development of my business is to add party and corporate lunches to my offer whilst still continuing with my regular deliveries and my cake business, Adoracake.
“Going forwards I will be attending lots of Chamber meetings I have signed up to their Boosting Women in Business course. I aim to take every bit of help that’s offered and utilise the networking to build up my circle of contacts.
“I am incredibly grateful to Aly and the Chambers for this opportunity and for helping me on my new journey. The help may be free, but its value is immense as I would have struggled to learn so much and make so many wonderful contacts in a relatively short time.”
Aly Davidson added: “Nicki has a fabulous business and a great work ethic. I was impressed that she has quickly recognised that circumstances change, and you can’t stand still. That’s what we are here for, to give people the knowledge and tools to develop and grow their business. It’s a pleasure working with Nicki, and I have no doubt she will continue to build on her success.”
If you are thinking of starting a business and would like to discuss your plans, contact start@staffordshirechambers.co.uk or call 01782 202222.
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Policy Spotlight with Rhouda: Rise in interest rates and what this means for businesses?
Last week, the Bank of England raised interest rates to 1.25%, meaning that the rate is now at a 13-year high. Whilst the increase signals the Bank’s intention to tackle inflation, it is likely that the rise will significantly impact smaller firms who are struggling to cope with the spiralling costs of raw materials.
Since the rise in interest rates, the Bank has also predicted that inflation will soar to 11% this autumn and that UK GDP will shrink by 0.3% in quarter three.
Sara Williams, CEO of Staffordshire Chambers of Commerce, said: “The decision to increase interest rates will impact business confidence which is already at an all-time low due to the current economic instability and tight labour market. Smaller firms who are reliant on banking and overdraft facilities, especially those who are buying raw materials in bulk to offset shortages in the materials, will be largely squeezed as the cost of borrowing will increase.”
Businesses across the region and nationwide have reported concerns regarding the impact of inflation and the surge in the cost of doing business which has come at a time when consumer confidence is also low. Firms are now likely to face further cashflow challenges due to mounting financial pressures.
Chambers across the network will continue to urge the Government to act with pace with regards to the cost of doing business to help ease the pressures on businesses in order to rebuild and strengthen the UK’s economy.
Staffordshire Chambers of Commerce is also lobbying government to find ways to bring people back into the UK labour market to support business productivity.
The next Chamber policy Forum will be taking place on Friday 24th June. Members in the financial or professional services sector are invited to attend the Money Matters Forum which will cover UK GDP, the latest UK economic outlook, the Bank of England’s Monetary Policy Report, and the cost of doing business.
If you are interested to attend, please email rhouda.elalfy@staffordshirechambers.co.uk.
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Finalists for the 2022 #StaffsBizAwards to be revealed on Monday
Join us in our Virtual Members’ Lounge on Monday afternoon as we reveal which businesses have been shortlisted in our 2022 Staffordshire Chambers Business Awards.
Awards host, Dave Bryon, will be announcing which three applicants have been successful from each award category as chosen by our team of award sponsors.
Timings for each category announcement are as follows:
1:00pm – Young Employee/Apprentice of the Year
1:15pm – Employee/Charity Employee of the Year
1:30pm – Employer of the Year
1:45pm – Most Promising New Start-Up Business
2:00pm – Small Business of the Year
2:15pm – Medium/Large Business of the Year
2:30pm – Sustainability and Environment Award
2:45pm – Online Business of the Year
3:00pm – Science, Technology and Innovation Award
3:15pm – Entrepreneur of the Year
3:30pm – Professional Services of the Year
3:45pm – Manufacturer of the Year
4:00pm – International Trade Award
4:15pm – Digital Transformation Award
4:30pm – Student of the Year
The finalists will be revealed to non-members on our social media channels 15 minutes after the timings above.
Congratulations to everyone who’s been nominated. We’ll see you at DoubleTree by Hilton on 14 July – now less than one month away!
If you are a member of the Chamber and have not yet signed in to our exclusive member-only area, The Virtual Members’ Lounge, you can do so, here.
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Sara’s Blog: Latest labour market statistics, interest rate rises again and Let’s Do Business
Earlier this week, the Office for National Statistics (ONS) released their latest latest labour market statistics.
The ONS Labour Force Survey estimates for February to April 2022 show that over the quarter there was an increase in the employment rate, while unemployment and economic inactivity rates decreased.
With an increasingly tight labour market, it has become much harder for employers to fill job vacancies. The knock-on effect is impacting on firms’ ability to operate normally and retain skills in the business.
The further rise in the employment rate coupled with a drop in the unemployment rate is good news, but they also reflect how little room for manoeuvre there is for unfilled vacancies on the ground.
With a new record set for the number of vacancies, and no easy way to fill them for many companies, labour shortages are likely to continue to damage the UK’s growth prospects.
Despite recruitment difficulties, the damage to firms’ finances from soaring inflation and rising national insurance will limit the extent to which wages can continue rising. A double-whammy as disposable income falls, and consumer spending decreases even further.
We need to find ways to bring people back into the UK labour market. Flexible working practices, rapid re-training opportunities and a focus on workplace health can support many economically inactive people to return to the workplace.
We will be directing much of our lobbying resource towards these crucial issues, not only for our area but through the British Chambers of Commerce who have a direct route to government ministers including the PM, the Chancellor and the Minister for Business, Innovation & Skills.
If these issues are affecting your business, we would like to hear from you. I would urge you to get in touch with our External Affairs and Communications Advisor, Rhouda Elalfy at the Chambers: rhouda.elalfy@staffordshirechambers.co.uk or 01782 202222.
You can view the full ONS report here: https://bit.ly/3mOJAeJ
The Bank of England Monetary Policy Committee raised interest rates to 1.25 percent this week – we now have the highest rate in 13 years.
Business and consumer confidence is likely to be further damaged, causing fewer firms to invest and grow their business, ultimately having a negative impact on the UK’s economic growth.
Despite the effect that this will have on UK companies, the Bank of England has stated that an increase in interest rates will help to stabilise exchanges rates and ease rampant inflation.
You can join our discussion about interest rates and its impact on business in our Virtual Member’s Lounge from Monday at: bit.ly/3mQqi8T
I am delighted to announce that Chamber members can now book a stand at Let’s Do Business, Staffordshire’s largest business show, set to take place at Uttoxeter Racecourse on Thursday 20th October.
Let’s Do Business will see over 1,000 delegates and local businesses come together to network, make new connections, showcase their services and ultimately, do business.
Each year, the very best Staffordshire companies come together to promote their products and services to decision makers from across the region. Let’s do Business is also a fantastic way to meet new customers and suppliers to help move your business to the next level.
Members can take advantage of our early bird offer to receive £50 off the cost of their stands.
Networking is still one of the most effective ways to promote and build business, and this event is a must-attend for any business looking to connect and share information with new and existing contacts.
Stands are allocated on a first-come, first-served basis and the sooner you book, the bigger your choice of stands.
You can reserve your stand here: Let’s Do Business – Staffordshire Chambers
If you want to talk to us about any business issues, including funding, you can call our switchboard on 01782 202222 or call the Stoke and Staffs Growth Hub Helpline on 0300 111 8002 or email: info@staffordshirechambers.co.uk
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Staffordshire Chambers partner with FeastedUK for new SDG spotlight
Staffordshire Chambers has partnered with FeastedUK to launch an SDG spotlight that focuses on goal number 12, Responsible Consumption and Production.
Each month, we’re focusing on one of the Sustainable Development Goals – a collection of 17 interlinked global goals designed to be a “blueprint to achieve a better and more sustainable future for all”.
Cris Cohen, Feasted Founder, invited us into his kitchen to explain how their food processes are helping to minimise and repurpose their food waste.
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Policy Spotlight with Rhouda: UK Economic Outlook
Last week, the British Chambers of Commerce (BCC) published its expectations for UK GDP growth for 2022. As the UK inflation rate is expected to reach 10% in quarter 4 later this year, heightened economic uncertainty and rising costs are expected to significantly weaken business investment, resulting in the BCC downgrading its expectations for UK GDP growth to 3.5% from 3.6%.
The expectation for growth in 2022 is now less than half the 7.5% growth which was recorded in 2021, reflecting a combination of soaring inflation, tax rises, less business investment and global economic shocks, all of which have had a detrimental impact on consumer spending.
Sara Williams, CEO of Staffordshire Chambers of Commerce, said: “With petrol and gas prices continuing to reach record highs and inflation expected to reach 10% later this year, the cost of living is really impacting consumer spending and is consequently having a negative impact on business growth, investment and stability.
“Businesses have faced insurmountable pressures since the start of the pandemic, with smaller firms in particular finding it more difficult to grow and invest. With the current tight labour market, businesses will struggle to keep productivity levels high, especially as the demand for workers remains high with low unemployment. Staffordshire Chambers of Commerce, alongside Chambers across the network, continue to urge government to review policies that incentivise business investment.”
The existing political and economic uncertainty means that business investment is now forecast to grow at 1.8% in 2022, which is a large downward revision from the previous forecast of 3.5%. Businesses and consumers continue to face unprecedented inflationary pressures caused by rising raw material costs, the increase in energy price cap and upward pressure on energy and commodity prices. As the consumer price index (CPI) is expected to reach 10% in quarter 4 this year, reaching the highest level since CPI records began in 1989, the financial squeeze will continue to impact businesses and consumers and ultimately cause slow growth in the UK’s economy.
In order to regain business confidence and strengthen the UK economy, the government must put stable and supportive policies in place to help businesses pull the UK out of the economic crisis. Once businesses are able to invest again, economic growth will begin.
Staffordshire Chambers of Commerce holds a Money Matters Forum three times a year, bringing together firms in the financial and professional business sector to exchange information on issues around taxation and corporate law. The forum allows members to discuss issues within their sector and address the current economic outlook whilst also helping to shape the Chambers’ policy and lobbying strategy.
The next Money Matters Forum will be held on 17th June. If you are a member business in the financial sector and are interested to attend, please email rhouda.elalfy@staffordshirechambers.co.uk.
Our forums are also a great opportunity for businesses to network and meet with other similarly minded business owners and leaders.
You can find out more about our forums here: https://staffordshirechambers.co.uk/chambers-forums/.
If you want to talk to us about any business issues, including funding, you can call our switchboard on 01782 202222 or email: info@staffordshirechambers.co.uk.
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Sara’s Blog: Fuel increases, new EV charge points and AA Roadside Assistance
Earlier this week we witnessed the biggest ever daily rise in the price of petrol with a jump of over 2p per litre.
We are already seeing the price of filling the average family car hit the £100 mark with no sign of a halt in the upward price trajectory.
Soaring fuel prices have been driven by the war in Ukraine and moves to reduce Europe’s dependence on Russian oil, and although fuel duty was cut by 5p per litre in March, it made little difference and sadly wasn’t even passed on by some garage owners. There is a plan for the government to ‘name and shame’ those who didn’t comply with the cut, but this won’t really help businesses and consumers in the short term.
One freight owner reported this week that the cost of operating a single lorry is up by a staggering £20,000 on this time last year. This is leading to unprecedented pressure on freight companies and the wider supply chain.
On the positive side, wholesale prices have dropped and there is usually around a two-week gap until this is reflected by pump prices.
Whilst we sadly can’t influence the war in Ukraine, the Chambers believe what the government can do is act again and immediately on the fuel duty and VAT. It is estimated that for each litre of fuel sold the government takes around £1 in VAT and duty. This rises with the wholesale price and so perhaps a cut or cap on the VAT would help to put the brakes on spiralling prices.
For those of you with an electric vehicle (EV) I am pleased to say that the two EV charge points at Commerce House, Festival Park have been replaced and are now fully operational. Why not spend some time in our members lounge, catching up on emails or having a meeting with hot free drinks and Wi-Fi for Chamber members, whilst your EV charges?
And my final motor themed posting is to remind you that the Chambers AA Roadside Assistance package offers breakdown assistance cover at around half the price you would pay by going to the AA direct.
It is available to employers and staff alike and as an example, a Chamber member business in the 1-10 employee category which took out breakdown cover on six vehicles could cover the cost of annual Chamber membership.
If you would like to find out more and be ready to switch to AA Roadside Assistance when your present cover expires, please contact membership@staffordshirechambers.co.uk or call the number below.
If you want to talk to us about any business issues, including funding, you can call our switchboard on 01782 202222 or call the Stoke and Staffs Growth Hub Helpline on 0300 111 8002 or email: info@staffordshirechambers.co.uk
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Sara’s Blog: Celebrating 70 years of Queen Elizabeth II
My blogs of late have been somewhat doom-laden, reporting on the latest sets of economic figures, soaring costs and global crises caused by the terrible situation in Ukraine.
So, this week I have decided to take a break from the bad news and celebrate a remarkable achievement from a remarkable woman.
As we head towards an extended Bank Holiday to celebrate the Queen’s Platinum Jubilee, I wanted to pay the Chambers’ own tribute to Queen Elizabeth II.
Over the course of her reign, she has always been a gentle, thoughtful, and reassuring presence as the world around us has changed, and through the highs and lows we have experienced as a nation.
I cannot think of a head of state anywhere else in the world that commands the level of universal love and respect that the Queen does.
Throughout her life, and on her many travels around the world, she has always managed to negotiate the delicate art of being seen as a representative of the people of the United Kingdom rather than a representative of its government.
At the start of her reign, she was quick to recognise that the Commonwealth bore no resemblance to the Empire of the past and that our relationship with Commonwealth nations was one of friendship and cooperation for the common good of the people.
To some, the Commonwealth symbolised the decline of Britain’s influence in the world. Its early years also coincided with tensions over the arrival in the UK of immigrants from former colonies.
But the Queen’s enthusiasm remained undimmed. “To that new conception of an equal partnership of nations and races I shall give myself heart and soul every day of my life,” she promised in a 1953 speech.
Now we have our opportunity to celebrate Her Majesty’s Platinum Jubilee, the only monarch to have reached such a milestone. It is an extraordinary moment for her and the country.
To put it into perspective just how long 70 years is, only 8.5 million of the UK’s 68.5 million population were alive when she became Queen in 1952.
The Queen is patron of the British Chambers of Commerce, and I was especially delighted and honoured to receive an invitation, along with our president Kate Beardmore, to the Trooping of the Colour on 2nd June.
The long weekend is a chance to celebrate the Jubilee, raising a toast to the Queen for the dignified and selfless service she has gifted all of us over the past 70 years.
And with hundreds of local events and parties to enjoy it just remains for me to wish everyone a happy and memorable Jubilee weekend.
If you want to talk to us about any business issues including funding, you can call our switchboard on 01782 202222 or call the Stoke and Staffs Growth Hub Helpline on 0300 111 8002 or email: info@staffordshirechambers.co.uk
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Sara’s Blog: Energy Crisis, windfall tax and Environmentally Conscious Staffordshire
Another week in politics when yet again we all feel frustrated, punch drunk and devoid of answers to the harsh issues facing consumers and business.
So, it was welcome news earlier today (26 May) that Rishi Sunak acknowledged the acute distress’ caused to millions by inflation and announced in his cost-of-living statement that households in England, Scotland and Wales are set to have £400 knocked off energy bills this winter as part of a £15bn support package. All households will now receive the minimum £400 payment towards bills replacing the proposed £200 loan. There will also be additional help for those with the lowest income.
The extra money to pay for this subsidy will be largely funded by a 25% windfall tax on oil and gas firms.
But it still begs the question of what help is available for business facing mounting costs, supply chain and labour problems – as there was precious little mentioned in the Chancellor’s statement?
Staffordshire Chambers and the British Chambers of Commerce will be continuing calls for an emergency budget and pressuring the government for answers as simply leaving firms to sink or swim is totally unacceptable. It will lead to untold damage to our already beleaguered economy.
It is important that you let us have your views and concerns so that we can represent you at the highest level on this crucial issue. Please get in touch by the methods below or post on our Virtual Members Lounge at www.staffordshirechambers.co.uk
In the meantime, businesses can check out what help is available from Ofgem
Getting help if your business can’t afford its energy bills | Ofgem
Environmentally Conscious Staffordshire
As part of the global effort to tackle climate change, we are committed to supporting businesses in our region in becoming world leaders in environment and sustainability. Due to the pandemic, new ways of working have grown to become a priority for most people who are now looking to join companies who share common interests. The Environmentally Conscious Staffordshire campaign provides businesses with key updates and changes they can make within their workplace to become world leaders in the race to Net Zero.
The campaign focuses on three main areas: clean air, carbon literacy and net zero. It provides a series of case studies and webinars to help support businesses in Staffordshire overcome the challenges of becoming carbon neutral and sustainable.
The three areas of focus for this campaign align with the United Nations Sustainable Development Goals (UNSDGs) which the Chambers has pledged to focus on and support businesses in order to create their own plan of action towards the goals.
You can find out more and get involved here: Environmentally Conscious Staffordshire – Staffordshire Chambers
If you want to talk to us about business issues highlighted above, or any other issues including funding, you can call our switchboard on 01782 202222 or call the Stoke and Staffs Growth Hub Helpline on 0300 111 8002 or email: info@staffordshirechambers.co.uk
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Policy Spotlight with Rhouda: Has the surge in Inflation raised UK prospects of a Recession?
As UK inflation hits 9% – an eye-watering 7% more than the Bank of England’s target – businesses across the country have felt the growing cost of doing business as well as the damaging squeeze on their ability to invest and operate at full capacity.
April’s inflationary surge reflected the continued upward pressure on prices ranging from higher energy and commodity costs as well as the energy price cap and the reversal of the VAT reduction for hospitality.
Head of Economics at the British Chambers of Commerce, Suren Thiru, believes that the rate of inflation and its damage to key drivers of UK output such as consumer spending and business investments means there is a real chance the UK will be in recession by the third quarter of the year.
Sara Williams, CEO of Staffordshire Chambers of Commerce, said: “The cost of doing business crisis must be resolved if the UK economy is to develop and progress through these challenging times. The government must provide financial support to firms, especially SMEs who are particularly struggling to cope with higher raw material prices, higher national insurance contributions and less consumer spending.
“Soaring inflation means that a rise in interest rates in June is inevitable, however, the increase in interest rates is unlikely to address the global factors driving the inflationary surge, instead it risks undermining business confidence and aggravating the financial squeeze on both consumers and businesses.”
As prices are increasing faster than the average income and purchasing power continues to erode, the higher cost of living and doing business will continue to impact the country’s economic growth.
The Bank of England has stated that the painful squeeze on living standards which has primarily been driven by soaring energy prices is set to intensify and will consequently push the UK into a recession later on in the year.
Although surging global energy and commodity prices aren’t directly in the UK government’s control, offering financial support to consumers and businesses through this difficult period will undoubtedly ease the burden and pressures that they are currently facing.
By reversing the National Insurance contributions and cutting VAT on business energy bills to 5%, firms will be in a stronger position to grow, invest and support their staff.
You can join the conversation now on our Virtual Members’ Lounge around inflation by answering the anonymous poll or by sharing your thoughts in the comments section: https://lounge.staffordshirechambers.co.uk/discussion/920/have-you-felt-the-impacts-of-inflation-on-your-business.
If you want to talk to us about business issues highlighted above, or any other issues including funding, you can call our switchboard on 01782 202222 or email rhouda.elalfy@staffordshirechambers.co.uk.
Quarterly Economic Survey
Our own quarterly economic survey for quarter 2 of 2022 launched last week, acting as a barometer of business sentiment across Stoke-on-Trent and Staffordshire. Businesses that take part in the survey will help to shape and influence current policy thinking as the data is shared with the BCC, government departments including HM treasury and the Cabinet Officer as well as the Bank of England.
We want to hear from firms of all shapes and sizes as this will help us to portray an accurate picture of the current business landscape. We understand your time is precious, even more so now, so thank you to all those who complete the survey!
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