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introduction VIEWPOINT


WELCOMING YOU TO insight MAGAZINE


BUSINESS WEST Leigh Court, Abbots Leigh, Bristol BS8 3RA T: 01275 373 373 W:www.businesswest.co.uk


To let us have your member news, email: membernews@businesswest.co.uk


EDITOR: Laura Ross E: laura.ross@businesswest.co.uk


FOLLOW BUSINESS WEST AT:


2017: the year that was the year after the year before?


@bw_businesswest


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FRONT COVER How to keep going in times of stress See page 16


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After a tumultuous 2016, many of us were perhaps expecting 2017 to be something like the morning after the night before. The hangover of last year, however, has been punctuated with positive new developments and new beginnings for the region as we begin 2018. In terms of transport and infrastructure investment, the election of the West of England’s very first Metro Mayor, Tim Bowles, back in May, brought with it a £1bn kitty to help business in BANES, Bristol and South Gloucestershire. Mayor Marvin Rees unveiled some exciting new plans for a metro system in Bristol (watch this space). Gloucestershire has begun to get to grips with the notorious A417, having started the consultation process. Swindon is becoming a regional centre for electric vehicles. The new GWR trains on the London line are up and running. Bristol Airport is expanding. The Severn Bridge toll is going. Gigabit broadband is coming. Regarding skills, the SGS Berkeley Green campus opened up in Gloucestershire. West of England LEP and WECA are making moves to set the skills agenda for a generation in the West of England, something we are supporting through our Skills West project. STEM is well and truly on the agenda for businesses and decision makers in Swindon. And our own Ian Bell has been a vocal champion of universities and keeping graduates in Bath. In terms of housing, completion rates are good and quality is getting better. As far as culture and place making goes, Colston Hall is about to embark on a radical


‘Enough good has happened in 2017 to leave me feeling optimistic about the year ahead’


transformation. Swindon Museum and Art Gallery is shaping up nicely, building on the great work put in by Switch on to Swindon. Bristol European City of Sport is set to leave a sporting legacy in local communities and workplaces across Bristol. New BIDs for Gloucester and Clifton Village were approved this year and the visitor economy looks set to go from strength to strength. A diverse range of sectors are booming, from food & drink and aerospace, to professional services and manufacturing. Innovation is everywhere and we’re increasingly being recognised as a great place to invest and do business at a national and international level. Riding on the back of devalued, West Country exports are on the up, with Business West authorising more export documents last month than any month since 1823! So, despite the hangover, enough good has happened in 2017 to leave me feeling optimistic


about the year ahead. However, my advice for the New Year remains the same. Plan for the worst. Hope for the best. Government will aim to gain maximum access to EU markets while reclaiming sovereignty


Business West Insight is produced on behalf of Business West by Kemps Publishing Ltd and is distributed without charge throughout the South West of England. The publisher is committed to achieving the highest quality standards. However, views expressed in the magazine are independent and while every care has been taken to ensure that the information it contains is accurate, the publisher cannot accept any responsibility for any omission or inaccuracies that might arise. This publication (or any part thereof) may not be reproduced, transmitted or stored in print or electronic format without the prior written permission of Kemps Publishing Ltd.


(not easy). GDPR comes into force on 25 May and fines are heavy. Inflation is on the rise. Growth is stagnating. So, yes, there will be challenges, but there’s one crumb of comfort – at least we won’t have the hangover of 2016 to deal with!


PHIL SMITH MANAGING DIRECTOR OF BUSINESS WEST


JANUARY/FEBRUARY 2018 insight 3


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