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focus on southampton Accelerating growth across the South Coast


EY is proud to be part of the thriving business community across the South Coast, which includes some of the world’s leading companies which have established a European base in the region, writes James Harris, partner at EY Southampton


Our teams work with boat builders and aerospace engineers, defence firms and fast-growth tech companies, among the many other diverse and globally connected businesses. The South Coast is also an attractive destination for the burgeoning start-up and scale-up community; Southampton Science Park is home to a vibrant entrepreneurial community and Dorset is one of the fastest growing creative and digital hubs in Europe.


EY is committed to the success of the South Coast and is keen to play an active role within the local business community. This is reflected in our Economics for Business programme that supports the region’s changing economic landscape. EY’s latest region and city economic forecast predicts that Southampton and the South Coast economies will each grow by 1.6% Gross Value Added (GVA) over the next three years – outperforming UK average growth of 1.5%. Southampton is also expected to see annual employment growth of 0.4% until 2019.


This is our first regional forecast


since the EU referendum and, while clearly there are still many risks and uncertainties, it’s positive that the strong economic performance of both Southampton and the South Coast are expected to continue in the coming years. However, to ensure these growth forecasts become a reality, I believe the region needs to focus on three key drivers to accelerate growth: Firstly, to avoid significant skills shortages, it’s vital that any new immigration ‘systems’ are flexible enough to ensure we can recruit the skilled labour needed to fuel our growth. Secondly, investment in infrastructure is needed to support business growth, including roads, public transport and the region’s connectivity via faster broadband. Thirdly, we have an opportunity to enhance and sustain a culture of collaboration between corporates and start-up’s to deliver further innovation.


EY in Southampton has over 130 highly- qualified professionals dedicated to serving local businesses across the South Coast, with a successful track record of advising businesses from large listed companies to entrepreneurial


Southampton: Lunch hour is now just 30 minutes


The average worker in Southampton now takes just 30 minutes for their lunch break, with over half of UK workers (52%) skipping their lunch break completely – a significant shift from the traditional one-hour break. In addition, Londoners are most likely to skip their lunch hour altogether, closely followed by Birmingham, Manchester and Norwich. This is according to new research from Workthere.


Workthere commissioned a poll of 2,000 full-time workers across Britain on their lunchtime habits to find out how long they actually take for lunch. The results show that office employees in Southampton eat lunch at their desk on average three days per week and even when they do take a lunch break, they often don’t


THE BUSINESS MAGAZINE – SEPTEMBER 2017


step out of the office, with over a third of those polled {36%} saying they rarely leave the office at lunch time. Additionally, 7% agreed they felt pressure to work through their lunch hour.


Workthere was also keen to understand how the office environment impacts these lunchtime statistics and found that 34% of those questioned in Southampton said that access to outside space at lunchtime would make them more productive at work, with 24% confirming a quiet area to escape to would make a difference to the time they spend on their lunch break.


Cal Lee, founder and head of Workthere, commented: “We have seen wellness establish itself firmly on


the workplace agenda with employers in Southampton increasingly recognising the benefits of ensuring staff are content, happy and most importantly, in good health. Part of this is creating a productive office environment where employees feel comfortable taking a longer lunch break and engaging with colleagues.”


Workthere notes that the trend of providing a range of areas for staff to enjoy their breaks is particularly visible in the serviced and flexible office sector with providers looking to cater to a range of diverse requirements. Examples include: outdoor space; roof terraces; a subsidised canteen; quiet areas and even lunch hour activities to encourage staff to step away from their desks.


businessmag.co.uk 47


start-ups. Our focus is on providing strategic advice to help our clients achieve their growth ambitions, which in turn helps boosts growth, innovation and productivity across the region.


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