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FWdiary .. FWdiary ..

■ March 15-16- British & International Franchise Exhibition, Olympia, London. VMG. ■ June 21-22- British Franchise Exhibition, Manchester Central. VMG. ■ July 4-5 - BFA annual conference, Senate House, University of London, Bloomsbury. ■ Sept 6-7 - Franchise Opportunities Live, Radisson Blu Edwardian Hotel, Heathrow, London. VMG. ■ Oct 4-5 - National Franchise Exhibition, NEC, Birmingham. VMG.

Contacts: VMG (Venture Marketing Group): Tel. 020 8394 5230. BFA: Tel. 01235 820 470.

Opportunities for job seekers

JOB seekers visiting their local Jobcentre Plus are to be told of the benefits of joining a franchise. The centres’advisers are being

informed about the benefits in guidance prepared by the Department of Work and Pensions (DWP) in collaboration with the BFA. “We are

● Brian Smart

committed to helping people off benefits and into work, and self-employment can be a great fit for some claimants,” said the DWP. “We are pleased to be working with the BFA to provide

expert advice.” Brian Smart, BFA director-general,

commented: “The DWP has been extremely helpful in getting this important advice out to people. Franchising time and again proves itself to be a powerful way of helping people build successful new lives, but it is vital that they are armed with the right information to avoid any potential pitfalls from the start. “The government has shown a commitment to reducing unemployment with the most recent numbers proving very positive. Jobcentre Plus has remained an important part of that process and we hope this additional resource will help continue the trend of decreasing unemployment.”

FW ● Helen Gilbert

PRIVATE pension pots are being promoted by Clifton Asset Management as a significant source of funding for franchisors and franchisees. A Bristol firm, Clifton, which has launched a website, pensionled, has helped more than 1,200 businesses with this innovative type of funding. Adam Tavener, Clifton’s chairman,

says: “Where franchisees are looking to breach a funding gap, or even find core capital, pension-led funding is the ideal solution because they are backing their own franchise, whilst generating long- term pension growth at the same time. “This form of funding also provides

excellent opportunities for franchisors to either develop their systems or, more importantly, recommend to their franchisees for start-up and development funding.”

Franchisees join Board

THE first three franchisees to form the full complement of franchisees on the Board of the BFA are Ken Bevis (SignsExpress), Dave Padmore (McDonald’s) and Catharine Chalton (Home Instead Senior Care). Bevis has held his franchise at Grimsby for 20 years and played the leading role in

4 April/May 2013

For example, a franchisee couple, James and Helen Gilbert have used the scheme to provide funding for their store of Sevenoaks Sound, a hi-fi retail chain, at Chorleywood, Hertfordshire. “This is a really good way of funding

a business,” enthused Helen. “If you’ve a pension pot that is not

working hard enough for you, why not use it to make life easier?” she said. “ The money I worked to put away is now working for our benefit.” Clifton claims that the average pension pot of the owner of a small and medium-sized enterprise is £75,000, making the total for the 3.1 million SMEs £232bn, and as a result more than £100bn in finance could be secured directly through its scheme.

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the introduction of a BFA membership category for franchisees last year. Padmore joined McDonald’s as an

employee, rising from a trainee manager to an operations manager and then a European development manager before becoming a multi-unit franchisee in East Sussex.

Chalton and her husband are the

Wirral franchisees of Home Instead Senior Care. They won the BFA HSBC Franchisee of the Year title in 2011.


Private pension pots release funding

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