Business News
Brummies reveal career regrets
Birmingham’s professionals have revealed their top career regrets in a new survey. Data from job board the CV-
Library reveals 77.3 per cent of workers in the second city would start a new career if they had the chance, with 45.8 per cent admitting that they’ve made a career move that they’ve regretted. The survey, which explored the
views of 1,200 UK workers, quizzed employees in Birmingham about their biggest career regrets and ambitions. The majority of workers
regretted moving to a company that they didn’t end up liking (35.6 per cent), leaving a company that they actually really liked (30.5 per cent), not quitting their previous job sooner (27.7 per cent), starting out in their chosen career later in life (26.2 per cent) and not going for a promotion (21.5 per cent). Lee Biggins, founder and managing director of CV-Library, said: “It’s only human to wish that we’d done something differently, but there are so many fantastic opportunities out there. My advice would be not to get stuck in a rut. There will always be an opportunity to reach your goals.”
A walk down Growth Street could help SMEs
Growth Street, an alternative finance provider for UK SMEs, plans to inject £50 million into growing Midlands businesses over the next 12 months. The announcement comes as
Growth Street targets several key sectors for 2018, including manufacturing, wholesale and professional services. The call to arms from chief
executive Greg Carter follows an important landmark for the business, which has now matched £100m of loans between investors and borrowers since its launch in 2015. Mr Carter (pictured) said: “The
Midlands is a UK manufacturing powerhouse, and we want to ensure that SMEs from Birmingham, Coventry, Wolverhampton and beyond are able to fulfil their potential with an investment boost. “SMEs in the Midlands face an
estimated £360m funding gap, and we are looking to contribute to closing this gap in the coming months.
‘SMEs in the Midlands face an estimated £360m funding gap’
“UK SMEs are working in
uncertain times. With Brexit fast approaching, we believe that more than ever businesses need access to flexible finance, which can help mitigate risks as well as allowing fast-moving businesses to take advantage of opportunities. “At Growth Street, we’re on a mission to not only give
businesses access to this finance, but to provide the tools that will help take growing manufacturers in the Midlands to the next level.” Growth Street’s flagship
product is GrowthLine, a flexible solution that allows companies to access capital when they need it and make repayments as often as they like within their limits. The increasing use of
accounting software, and secure data sharing via the cloud, allows Growth Street to better manage risk, while also simplifying administration and providing insights to borrowing businesses. Greater Birmingham Chamber
of Commerce chief executive Paul Faulkner said: “We are delighted that Growth Street is planning to make this substantial investment in SMEs around the Midlands region over the next 12 months. “Not only is it a further sign of
business confidence across the Midlands, it reinforces the region’s status as a powerhouse for startups and SMEs.”
Plans for hospital site
Cushman & Wakefield has submitted plans for the redevelopment of the former Royal Hospital site in Wolverhampton have been unveiled. A planning application for the
regeneration and redevelopment of the 12.5 acre site to develop new homes has been submitted on behalf of the Homes and Communities Agency (HCA). The proposed scheme will create
up to 193 new homes and apartments at the site, through both new development and the reuse of the landmark Grade II Listed hospital building. The former hospital lodge
building on Cleveland Road is proposed to be converted to
18 CHAMBERLINK December 2017/January 2018
accommodate a café and community facilities to support the new housing development. The plans for the Royal Hospital
site are the second phase in the redevelopment of the wider area, with work to prepare for 146 new homes on the adjacent former Wolverhampton Bus Depot already underway. Karl Tupling, general manager for
the HCA in the Midlands, said: “After more than a decade of development delays associated with the former site owners, the HCA’s proposals will speed up the construction of new homes and reintegrate this area of Wolverhampton with the city centre, creating a safe and thriving community.”
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