Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
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Issue 169 | October 2020 www.londonbusinessmatters.co.uk COV ER S TO RY Unique Central London needs recovery plan Pages 6-7
2 October 2020 Issue 169 (Print) ISSN 1469-5162 (Online) ISSN 2051-9524 Regulars Events LCCI webinars – what’s been on and what’s coming up Pages 22-23 Two minute interview Gary Ruffhead, founder of GPR PS Limited Page 28 News from the EU The latest from Brussels Page 55 New members Who has recently joined LCCI? 10 London through the eyes of the homeless: art and entrepreneurship in the city Page 56 Features EU Exit Celebrating black Understanding China business Spotlight on Yintong October is Black History Betser Month London businesses urged to 8 12-13 prepare for end of transition Literature in the open air London Business Pages 4-5 Lemn Sissay on Network Wimbledon Common Launched for the capital’s LCCI customs declarations scheme community Page 5 14 15 EU exit hub Page 21 Covid-19 Q&A Infrastructure New measures and ‘Build, build, build’ for a Transition and trade deals – Q&A government support functioning economy Pages 26-27 16-20 32 Business law London Tech Week 2020 Home office Lyndsey de Mestre on the Mapping the UK tech Getting more out of impact of Covid-19 sector working from home 35 40 48-49 Front cover: London’s theatreland as it used to be. The centre of the city makes a unique contribution to the UK economy, and indeed to the world’s culture GRANT ROONEY PREMIUM / Alamy Stock Photo London Business Matters is edited by Peter Bishop – pbishop@londonchamber.co.uk Official Publication of Information London Business Matters is PUBLISHING CONTACTS London Chamber of Commerce Alexa Michael – 020 7203 1866 published on behalf of London Chamber of Commerce and Advertising sales 33 Queen Street, London EC4R 1AP International business Industry by Gina Forshaw – 020 7846 4809 Tel: 020 7248 4444 Vanessa Vlotides – 020 7203 1838 gina.forshaw@crosbyassociates. Fax: 020 7489 0391 Membership sales co.uk www.londonchamber.co.uk 020 7203 1960 Production/design CHAMBER CONTACTS Member support Andy Bellis Nick Charles – 020 7203 1957 Events Crosby Associates Media Limited andy.bellis@crosbyassociates.co.uk Victoria Jayne – 020 7203 1875 International trade events Liverpool (Head Office): Vanessa Vlotides – 020 7203 1838 Burlington House. Crosby Road Export Documents Media relations North, Liverpool L22 0PJ Davor McKinley – 020 7203 1856 Steven Reilly-Hii – 020 7203 1897 Tel: 0330 124 3780 Enterprise Europe Network www.crosbyassociates.co.uk 020 7203 1929 Sponsorship opportunities PEFC Certified Dean Wade – 020 7556 2382 This product is from sustainably managed forests and controlled sources PEFC/16-33-254 www.pefc.org www.londonchamber.co.uk | www.londonbusinessmatters.co.uk
October 2020 News 3 More measures needed for London to drive UK economy R “The Prime Minister esponding to the business sup- port measures announced at the end of September by the will know better Chancellor, LCCI chief executive Richard Burge commented: “Whilst than most that businesses welcome government fi- nancial support during these tough central London is the times, they are also looking for gov- economic engine of ernment to not exacerbate the need for help due to untargeted or unevi- the UK.” denced Covid-19 restrictions. “Many companies have diligently is particularly acute for those in kept operating during these last six central London – where footfall is months, or have reopened and tried over 50 per cent lower than nor- to recover, but their trade and reve- mal. nue isn’t where it needs to be right “The Prime Minister will know now. At face value they will welcome better than most that central Lon- the continuation of wage subsidy. don is the economic engine of the But they will study the required em- UK. I hope his government will ployer contribution levels carefully now be looking at further, specific, in making a decision about staffing measures to help the capital drive level viability. ferral measures, including the businesses will be acutely aware the UK recovery faster.” lower rate VAT extension of those that high business rate payments Ball and chain in hospitality and tourism, will are soon to be a ball and chain See pages 6-7 for the launch of “Loan repayment and VAT de- be welcomed. But many London on their recovery. This challenge the Central London Alliance Clarity needed Photos: Number 10/Flickr.com (CC BY-NC-ND 2.0) Power Your Business With IT That Works! Following last month’s require a certain safe percentage announcement by the Prime Minister on increased Covid- of their staff in the office on any given day. Equally many Labyrinth Our four step process is simple and designed to work around the needs of your business! 19 restrictions LCCI chief hospitality businesses will remain executive Richard Burge unclear what difference a 10pm 1 2 Meet us to Allow us to propose commented: “Because we have closure makes, other than being discuss your IT a personalised been presented with no specific detrimental to their business. requirements support plan evidence regarding this risk, “Of course, public health must many London businesses come first, but we need to remain unclear as to why their be driven by published and Work in 3 4 Agree a timeline to Covid-secure workplace is now partnership to explained evidence, not fear or fit the needs of your considered to be less safe. Or buisness execute the plan untargeted measures. And we why allowing flexible commuting also need to keep in mind the on a network that currently has balance of trying to manage one space is an increased risk. health crisis but causing another Call us now for a friendly, no-obligation chat to see how we can help. Detrimental via economic ruin.” 020 3790 7500 Enquiries@LabyrinthIT.com “Many businesses will feel their See pages 16-20 for LBM’s economic recovery continues to comprehensive Covid-19 Q&A www.labyrinthIT.com
4 EU Exit October 2020 London businesses urged to prepare for end of transition L ast month, with 100 days left larly concerned that many small until the end of the post-EU businesses in the capital would be exit transition period, LCCI thinking that if they didn’t export joined with London’s local cham- to Europe then it’s someone else’s bers, deputy mayor Rajesh Agrawal, worry. “This couldn’t be further London Councils and the City of from the truth. Supply chains, em- London Corporation to urge busi- ployment law and transport affect ness across the capital to prepare for any business. the implications of departure. “London’s Local Chambers ful- ly supports the LCCI and strongly Focus recommends that you investigate In an open letter to all London their EU Exit Hub to find out what businesses, the point was made you should be focusing on to en- that focus wasn’t just required for sure your business continues to companies that trade or do busi- prosper.” ness in the EU – all businesses need Richard Burge, LCCI chief execu- ject matters need immediate focus, to assess the impact on their: staff tive said: “Of course Covid-19 is the with an easy reference point to the Unprecedented employment, business travel, ex- clear and present risk for business, official guidance and advice around Catherine McGuinness, policy porting, importing, international but we are increasingly worried that those matters. The clock is ticking chair at the City of London Cor- trade paperwork, costs, logistics, business leaders are not sufficiently ever faster, all London businesses poration, said: “Businesses across data protection, e-commerce, ac- focused on the fundamental change need to give EU exit their attention, the capital have had to focus their counting and auditing, public pro- when we finally break with the EU – despite the other challenges.” efforts on dealing with the un- curement, intellectual property and probably without a trade deal – on precedented challenges posed by taxation. Firms also need to con- the 31 December. Investigate the Covid-19 pandemic for much sider impacts on their immediate “It’s why LCCI has created an EU Steve Nelson, chair of London’s of this year. Alongside this critical supply chain. Exit Hub – to make it clear what sub- Local Chambers, was particu- focus, however, it is vital that firms www.fin1-compliance.com Security, Privacy, and Freedom in Computing visit: https://fin1-compliance.com/secure-tech FIN1 CCGC LTD is the exclusively appointed reseller for all Purism’s Librem Products in the UK and Italy. Purism Librem Products (laptops, mobile phones, mini desktop, servers, and key) not only come with free, private, secure and stable GNU/Linux, but they also change computing for the better with anti-interdiction firmware available. You can now detect hardware and software tampering, enjoy the benefits of full disk encryption, and hold exclusively your master keys. Ethical and secure software and hardware made in the USA For further information please email info@fin1-compliance.com
October 2020 EU Exit 5 Call to action for business leaders – the letter in full Businesses across the capital are grappling with competing pressures at present, so it is understandable that for many the end of the EU exit transition period may not be top of mind. But with only 100 days left until the transition period ends, it is critical that action is taken from now to start preparing for its impacts. Changes introduced from 1 January 2021 will affect much more than our trading relationship with the bloc. Buyers and sellers need to be ready for the potential impacts of logistical and financial also prepare for the end of the tran- sition period and what it means for London’s Local changes to other businesses across their supply chains. Employers them. Chambers fully need to ensure employees and recruitment plans are ready for the UK’s new immigration system. Contracts will need to be checked “There are a number of resourc- es available to help businesses un- supports the LCCI in case references to the EU need reviewing. For those businesses that trade with the EU in goods and services, it is essential that derstand the potential impacts and and strongly preparations are underway to deal with logistical, administrative, provide advice. We urge firms to act regulatory and legal changes. now so that they are ready as pos- recommends that That is why we are urging London business leaders to act now to sible on day one after the transition period ends.” you investigate their ensure that the necessary steps are being taken to assess how your business and employees will be affected, and start putting plans in EU Exit Hub place to prepare as best as possible. Uncertain The challenges that many businesses face with current capacity, Cllr. Clare Coghill, executive mem- the problems of planning for an un- coupled with the uncertainty of what the pandemic may hold for us ber for Business, Europe and Good certain future” over the coming months and the pressures of the fast-approaching Growth at London Councils, said: festive season, make it all the more important that businesses are “With the EU exit transition period To help London businesses in their ready to deal with change. And while some official preparation ending in 100 days we support the preparations London Chamber details remain to be finalised, it is important to anticipate possible calls for businesses across the cap- of Commerce and Industry has scenarios and seek the right advice and guidance on getting as ready ital to prepare for the implications launched an EU Exit Hub as possible. and are ready to help them ensure www.londonchamber.co.uk/ their resilience, although recognise eu-exit-hub/eu-exit-hub See pages 26-27 for the EU exit Q&A Employee Assistance Programme (EAP). Support for the mind. Customs declarations Anytime, From 1 January 2021 the UK will no longer be in the EU single market or customs union. This means that goods moving between the UK and EU – both imports and exports – will be treated differently from now. Customs declarations will need to be Anywhere. completed for UK exports to the EU with immediate effect at the beginning of the year. While employees adjust to new Help your people boost their The requirement for individual customs declarations for imports ways of working, they’re likely mental wellbeing today from the EU has been put back for six months i.e. until 1 July 2021 to need extra emotional and though traders will need to keep specific records to then complete a practical support. 0330 127 3495 summary declaration. Duty and VAT as appropriate will also need to With Healthy Minds, they’ll have option 3 be paid or accounted for. access to a range of confidential, bupa.co.uk/eap 24/7 support from our experts. We may record or monitor our calls. LCCI has joined with ChamberCustoms to provide a Customs This can help them build resilience and manage worries before they declaration service to help exporters and importers comply with this turn into more serious issues. new requirement for trading with the EU, and indeed with the rest of the world where such declarations will continue to be needed. The Bupa Employee Assistance is provided by Bupa Occupational Health Limited. Registered in England and Wales No. 631336. Registered office: 1 Angel Court, London, EC2R 7HJ service will be available in good time for the 31 December deadline MAY20 CLI 00651 and will be publicised here and on the LCCI website.
6 Your business October 2020 Unique Central London needs recovery plan 1. To provide specific support and investment for Central by Ros Morgan London business namely, for the hardest-hit sectors, we are Central London is unique – calling for: as the nation’s capital city, in • an extension of the business rates the value it brings to the whole holiday beyond next April – for at country, and as the leading least another 12 months global city of talent, culture, • an extension of furlough (or sim- commerce and infrastructure. ilar) beyond October for at least I the next six months t is also unique in the challenges • help with tax liabilities it faces and the role it must play • increasing the threshold for hos- in the recovery of the national pitality grants so that more cen- economy. When London does well, tral London businesses qualify. so does the rest of the UK. The cen- tre of London generates £211 billion 2. To deliver coherent and specific in GVA, employs 1.9 million peo- Making a case We know Central London better communications and messaging ple and generates a substantial tax Logic, therefore, dictates that Cen- than anyone else, we know how it is for Central London, we are calling surplus which funds the delivery of tral London should receive the suffering and we know what it needs for: public services across the country – unique attention, solutions and in- now and into the future. It is time to • advanced, timely messaging to crucial to levelling up the regions of vestment it deserves. We must not make ourselves heard. This is this is avoid panic and knee-jerk reac- the UK. wait for government to come to us. one of the core reasons the Central tions costing people their busi- London Alliance has been estab- nesses and livelihoods lished – to unite us in making a case • information on what we can do, to government with one, unique not what we can’t Central London voice. • The last few months have seen We have put together a Manifesto mixed messaging, which created for Recovery, which sets out our pro- confusion and kept people away. posals to get Central London back These are challenging times, of firing on all cylinders. We have three course but government can and CREST CONNECTION UK LIMITED asks of government. should do better. T/A CREST SHIPPING SERVICES WE OFFER Heart of the city • Sea Freight Heart of London Business Alliance • Air Freight represents 500 businesses and 100 property owners in the Piccadilly, St • Road Freight (All Over Europe) James’s, Leicester Square, Piccadilly • International Courier Service Circus and St Martin’s areas. • Import and Export Customs As a Business Improvement District (BID), they provide a robust Clearance Service voice on behalf of the business community, ensuring issues affecting • International Trade Consultancy them are placed onto the wider agenda and in partnership with • Export Documentation others, act as a catalyst for positive change. Commercial wellbeing The team at Crest have over three decades of experience in Heart of London’s purpose is to support the cultural and commercial International Trade & Worldwide Transportation. wellbeing of the businesses and organisations they represent. In 2020, the BID secured another five-year mandate with 96 per cent Established since 2006, we are one of the UK's most reliable, of businesses voting in support and making Heart of London the efficient and professional International Freight and Shipping first BID to achieve four simultaneous ballot wins. Companies. Having provided leadership and direction for businesses and property owners for almost 20 years, as the COVID-19 pandemic Tel: +44 (0) 1923 251 444 | +44 (0) 1923 431 715 brings a new set of challenges, Heart of London is solely focused on Email: info@ccukgroup.com driving the reopening and recovery of the West End. crestconnection.com www.heartoflondonbid.london
October 2020 Your business 7 SPONSORED COLUMN The rise of communications for resilient business of, and affirmation of the positive value of communication in business has had consequences for the mental health of those individuals who are critical to delivering it. A survey by the CIPR’s Health Group explored the impact of Rachel Royall Chart.PR FCIPR the coronavirus pandemic on Director, Healthcare, Wellbeing communications professionals. It and Life Sciences at markettiers Chair of CIPR Health found that over half of respondents reported their organisation placed I n recent months communication, ‘a lot’ of value on communications both the art and the practice, during the pandemic. However, has been propelled front and 82% of respondents answered centre by business, government, ‘yes’ to feeling a mental health and society, putting pressure on impact. The collision of life and the professionals who provide work, the increase in volume communication advice and of communication needed, 3. To give London the public transport and access it deserves. One of Central services. Faced with a global the diversification of channels, We cannot lurch from crisis to crisis London’s greatest pandemic we have all hungered for factual, trusted information additional hours, health and safety fears, employment fears, home- on TfL funding. We are calling for government and City Hall to work draws for tourists is from trusted sources. Businesses schooling, anxiety over loved ones its culture and together to agree a five-year settle- and the public sector have whose treatments may have been ment that puts sustainability at its grappled with how to disseminate delayed - and all other eventualities centre. heritage. But it is information effectively and at - have understandably had an scale, with an almost apocalyptic impact. We are calling for: • removal of the extended conges- collapsing before our ramping up of digital channels. tion charge very eyes Business survival has depended on the ability of companies to continue Whilst these anxieties are not unique to the communication • all the levers pushed to get Cross- rail open on time, making sure to communicate effectively and industry, world-class that business does not bear the Come back stronger empathetically with customers and communication is critical to burden of it going over budget We have stated our engagement employees alike. post-pandemic business recovery. • incentives for green travel. with government. But we need your There is no doubt that the best And, when it is safe to do so we help! The rise and importance of public businesses will be investing in want: The full manifesto is on the Cen- relations has been felt across all communication channels and • incentives to nudge people back tral London website and needs to sectors. In broadcast, for example, resource. However, they also onto public transport. We had be read, shared and quoted to move a Havas Media Group survey need to put in place the right Eat Out to Help Out. Why not the campaign on and get the asks found during lockdown 64% of mental health support for teams Ride Out to Help Out? from government we need. Cen- people were watching more live to build resilience around the • flexible ticketing that mirrors the tral London has so much to offer. TV than before the pandemic and people who lead and deliver the new commuter. But for it to be there for us in the some commercial radio stations communication strategy and good times, we need to be there for have seen daily listenership rise process for organisations. 4. To help and allow London to be it in the bad. Let’s work together by almost 50%. The public turned globally competitive. to make sure we come back even to traditional and trusted forms Great organisations that do great Tourism is critical to our success. To stronger. of media like the BBC, rather communication value and invest allow us to compete at a global level than social media. For internal in their people as advocates for we are calling for: Ros Morgan is chief executive communications businesses their business and their brands. We • comparable marketing budgets to of the Heart of London Business ramped up daily briefings, online must understand the impact of our competitor cities Alliance. This is an edited version content, audio and video content, the last few months on individuals’ • tax free shopping of her address at last month’s live streamed events, launched mental health in order to put in • extended Sunday trading launch of the Central London podcasts and other channels place expert support where it’s • Visa reforms for global visitors. Alliance (CLA) whose objective to effectively engage with their needed to build the resilience of is to support a sustainable, employees and customers. communications teams to lead and One of Central London’s greatest economic recovery of London’s support business recovery. draws for tourists is its culture and business, hospitality, cultural, But what about the people behind heritage. But it is collapsing before tourism, and retail sectors, helping the communication? The challenge For more information visit our very eyes and before the affects both employers and workers to is that this rise in the importance www.cipr.co.uk become irreversible it needs help thrive through the epidemic. CLA now. So we are calling for specific was set up by Tony Matharu, support for the sector including: founder and chairman of Integrity • tax incentives for cultural pro- International Group, and is ductions supported by LCCI. • relief for suppliers. centrallondonalliance.com
8 Your business October 2020 Celebrating SPONSORED COLUMN A Regulator with Teeth! black business October is Black and Tottenham riots and now em- Jon Sharp, Consultant Solicitor, History Month writes braces black people in general rather Silver Shemmings Ash Justine Pernice. than specific cultures. Among a wide T range of activities to commemorate he idea of earmarking a black history, enterprise is not for- month for celebrating the gotten. contributions, cultures and This month in London events The commonly held view claims for business interruption achievements of people of African include Black Business Networking is that insurers very often caused by COVID19 and the and Caribbean origin started in the Expo and the UK Black Business cause difficulties whenever government action consequent US in the 1920s. Show as well as lectures on inclu- a claim is made. Not, to be upon it, should be paid. They It was adopted by the UK in the sivity and empowerment in work- fair, always without cause – have also asked the court to 1980s following London’s Brixton ing life. insurance policies are policies give guidance on quantum – so of indemnity, designed to put how much should be paid. Inspirational business insureds back into the position they were before the incident – The Judgement is due leaders not better, not worse. Further, tomorrow – 15th September the policy wording is the – and there will be Appeals contract between insureds and without any doubt. However, insurers – regrettably, many of what is refreshing about the Madam C J Walker (1867-1919) us do not read this carefully to FCA’s action is that it has been Madam Walker was the first female millionaire, make sure the policy covers the entirely transparent – all the an astonishing feat in the early 1900s. She risks that we want it to cover. pleadings, and full transcripts accumulated her wealth by developing and of the hearing are on the FCA’s marketing a line of cosmetic and haircare However, the recent almost website for all to see. Rightly, products for black women, achieved while enduring segregation and The Great Migration. blanket denial by insurers of as some 390,000-00 policy business interruption cover holders are affected, and Personal hygiene was challenging at the caused by COVID19 brought considerable hardship has been beginning of the 20th century and problems with hair and skin were this issue to the attention caused to businesses, many of common. Enter Madam Walker and her products. Her success of the Financial Conduct whom paid extra for business enabled her to buy a house next door to the vastly wealthy banker Authority – the FCA regulates interruption cover. John D Rockefeller. Her story is told on Netflix’s Self Made and her the financial sector, and unlike products can still be brought in Sephora stores. many regulators in this country, Now I am not brave enough to John H. Johnson (1918-2005) has real teeth. It can, and predict the decision. But the The founder of Johnson Publishing, renowned does, impose massive fines, FCA’s actions have ensured for its Ebony and Jet magazines, was, in 1982, can order banks and insurers that, if nothing else, affected the first African-American to appear on the to change their policies and policy holders who cannot Forbes 400. Previously, in 1951, he had a procedures, and can even bring afford to take insurers to court, similar accolade when selected as Young Man it’s own Proceeds of Crime have had their day in court in a of the Year by the United States Chamber of Act applications without the tough battle between regulator Commerce. need to involve the Police. This and regulated. Johnson Publishing diversified into Regulator abhors uncertainty book publishing, radio broadcasting, insurance and cosmetics in any of its regulated markets, Jon Sharp is a Consultant manufacturing, including Fashion Fair Cosmetics, once the largest and it’s overriding mantra is Solicitor at Silver Shemmings black-owned cosmetics company in the world. In 1996, Johnson that customers must be treated Ash, has practiced in the was awarded the Presidential Medal of Freedom, the highest civilian fairly. City for nearly 30 years with honour in the USA. a wealth of experience in So, the FCA took insurers to the insurance industry & a Levi Roots (1958 - ) court. It did so under an agreed number of reported cases that Born Keith Valentine Graham in Jamaica, framework with 7 insurers demonstrate his abilities in the Levi Roots learnt from his grandma how to combine the spices of Jamaica to make sauces. regarding some 74 policies. areas of dispute resolution, In the UK, he started by producing sauces in Whilst the framework for insurance, marine, aviation, his kitchen with his children to sell from his bringing the matter to court general commercial matters backpack. Equally well known as a reggae artist was agreed, that’s all that was. and social media. Jonathan he performed at the Notting Hill Carnival and The FCA have firmly stood in regularly presents seminars and served food from his popular ‘Rast’raunt’. the shoes of policy holders and lectures to the public, insurers, argued vociferously that the banks and other lawyers In 2007 he appeared on Dragon’s Den, the TV show for entrepreneurs,where Peter Jones and Richard Farleigh invested £50,000. Selling his sauces through Sainsbury’s, his portfolio includes best-selling cookery books, restaurants, and celebrity appearances, as well as music. Brixton-based Roots is reportedly jonsharp@silverllp.com worth £45 million. Tel: 0207 167 6602 Mob: 07826 736 134 Profiles supplied by Chellsie Brooks, Gwen Laryea, and Keith Bedford www.silverllp.com
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10 Your business October 2020 London through the eyes of the homeless Seven years of handing out 100 cameras to people who have experienced homelessness have resulted in a beautiful fundraising calendar being launched in London last month T he 2021 MyLondon calendar, and a sister publication the 2021 MyWorld calendar, will support local homeless initiatives, but it will employ dozens of pho- tographers whose photographs and narratives feature in them. Inspired Run by a small London social enterprise called Cafe Art, (the first project was framing and hanging art by homeless people in cafes, and giving the earnings from sales to the artists), their MyLondon cal- endar has inspired similar projects in many other cities. The 2021 My- World calendar will be a joint effort and raise money for those projects in Budapest, New Orleans, London, Sao Paulo, Sydney and Toronto. The calendars, cards and photo- graphs will be sold exclusively online this year. Paul Ryan (left), co-founder from photographers affected by don taken by people who are or have of Cafe Art says: “Because of the risk homelessness participating in pho- been homeless. of a second spike in Covid-19 we can’t tography contests using Fujifilm risk the health of the regular vendors, Quicksnap one-time-use film cam- The calendars sell for £10.99 but we are giving them codes to give eras. Since the first contest in Lon- each, the greeting cards for to their regular customers for the don in 2013, more than 700 partici- £9.99 for a set of four and the online shop. If the customers use the pants have taken photographs of the photograph enlargements are code they will give the usual 50 per city. The goals of the project are to £19.99 each. All proceeds will go cent commission to the vendor.” empower people through art, pho- to the photographers affected tography and entrepreneurship. It is by homelessness and Covid-19 Art and not a calendar of what homelessness support services. entrepreneurship looks like but one of images of what www.myworldphotographers. Images in the calendar come the photographers love about Lon- org
October 2020 International 11 Lord Mayor pays virtual visit to Queensland Alderman William Russell talked green finance and This was a fintech partnerships when he particularly great paid his first – albeit virtual – visit to Queensland earlier this opportunity to summer. strengthen T he Lord Mayor’s visit was part collaboration in of a wider tour to enhance en- gagement between the City of green finance London and Australia, despite inter- and fintech national travel disruptions caused by Covid-19. His Queensland agen- investment opportunities across da included a webinar hosted by green finance, pension funds, and the Australian British Chamber of the institutional investment, envi- Commerce and the City of London ronmental, fintech, and social and Corporation, and a meeting with in last month’s LBM. “This was a Queensland Agent-General and governance sectors.” representatives from major super- particularly great opportunity to Trade and Investment Commis- annuation firm QSuper. strengthen collaboration in green sioner for Europe Linda Alpelt said www.tiq.qld.gov.au Alderman Russell said he rel- finance and fintech – areas of our that her office was engaged with ished the opportunity to connect industry which will be key catalysts the City of London Corporation See page 52 for virtual tour of with Queensland – the Austral- for post-pandemic global econom- on a regular and increasing basis Mansion House as part of Lord ian east coast state was featured ic growth.” “to unlock high-value trade and Mayor’s charitable activities CHELSEA CENTRE PART OF MORLEY COLLEGE LONDON COVID-19 is changing the world: let Morley help you discover YOUR new normal through learning. Whether you’re looking to progress or change your career, hone your digital skills or invest in your wellbeing, our courses will help you Upskill, Reskill and Enjoy learning this Autumn. www.morleycollege.ac.uk/ upskill-reskill-enjoy LCCI members are eligible for discounts on courses at Morley.
12 International October 2020 Understanding China – spotlight on Yintong Betser Regular readers of this magazine will know that Yintong Betser has been a frequent contributor on China and Chinese affairs since 2009 so it feels only right to turn the spotlight for once on this creative and entrepreneurial lady writes Theresa Booth I have known Yintong for over 20 years, since she first became a member of the Chopsticks Club, and must have discussed with her almost every subject relating to Chi- na. But it is only by doing this inter- view that I have properly discovered the extent of her pioneering and cre- ative career. Yintong was born in Beijing and moved with her British husband to London in 1993 where she worked for a travel company followed by three years with Tottenham Hot- spur Football Club as a marketing 18 Your business April 2019 36 Your business March 2020 executive. Whilst working at the club, she met her first client and Yintong talks with... Yintong talks with... became the company’s Chinese Kevin Sui, chief executive of China Hour Patrik Schumacher, principal of Zaha Hadid Architects consultant. It was in this role that Z British government’s ambition to have 5,000 British pupils speaking Kevin and his team aha Hadid Architects (ZHA) with permanent local offices based she realised the need for bilingual, fluent Chinese by 2020; and the rise to third of Chinese in the table of most studied languages at A-level, cover the whole process, from the was founded in 1980 by the legendary Iraqi-British ar- chitect Zaha Hadid, crowned “the in Beijing and Hong Kong. Thrilling Mandarin and English, profession- overtaking German. Kevin explains: “The general programmes relating to China were produced mostly with selection of a programme, to queen of the curve” by The Guardian for her distinctive style representing “liberated architectural geometry, Unlike in Europe, several build- ings go up together, a community is built, whole districts are created on a als to help UK businesses thrive in the business and diplomatic audi- ence in mind. These programmes had a great deal of depth but they importing, editing, promotion and sales. giving it a whole new expressive identity”. Sadly, Zaha passed away four years ago, and Patrik Schu- big scale at the same time – a thrilling experience and a great challenge for any architect. UK government sup- China. Consequently she set up were not in sufficient quantity and macher took over, championing the port has been welcome and helped coverage to be informative enough initial goal was to achieve 300,000 company’s cutting-edge, beautiful secure ZHA’s recently completed to the general public, so China Hour per month in the first year but in the architecture throughout the world. Beijing Daxing International Air- her own enterprise, ACTIVE An- was born. first month it had already reached Schumacher has degrees in math- port, the largest airport in the world. “It is in English with the core over 600,000 and gathered a viewing ematics and philosophy, as well as This was necessary as the French and target audience being the British of 9-10 million in 2018, with only a PhD in architecture, and joined American competitors had mobilized glo Chinese Communications, a middle-class population. To achieve four hours of daily broadcasting. the firm when it was in its infancy. support from their governments. Ir- that, we don’t just buy programmes To achieve this result, Kevin and He was not, he tells me, driven by respective of the diplomatic efforts, and put them on our channel. In- his team cover the whole process, financial gain but by ideas and the ultimately the best scheme won. business and PR consultancy help- stead, we repackage them and dub from the selection of a programme, company vision. “I believed in her What advice could Schumacher the narratives in English.” As an ex- to importing, editing, promotion and the firm.” “The company had matured in things with their hands, in profes- share with other Western businesses ample he gave a programme called and sales. With the time difference Zaha Hadid’s creativity and tre- the couple of years before her sud- sions such as tailoring. You hardly working with China? “Hiring capable ing UK and Chinese businesses Tea – the story of a leaf (below). The Kevin stays late at night to ensure mendous drive was tempered by an den death. Especially after the pre- saw any Western faces,” he recalls. Chinese colleagues and gathering a all is ready for his Chinese coun- intense and occasionally abrasive vious global financial crisis, we had reliable and trusted circle of support terpart to proceed first thing in character. Schumacher was able purposely started to build a sound Fabulous buildings is crucial. We regularly give lectures develop in each other’s country. the morning, then he gets up early to survive and indeed thrive. With infrastructure headed by a solid Soon after they met the celebrat- and share our knowledge in China. to catch up with his colleagues in only four in the company, everyone management team. For example, ed entrepreneur couple Pan Shiyi Basically, we make ourselves available, China before they go home. This ef- had to pull their weight and cover all we formed a Zaha Cluster, a circle of and Zhang Xin of the Soho Chi- develop friendships and build trust. I ficiency has benefited Kevin greatly ground to keep the business alive. the 40 best design brains within the na Group in Beijing. Their varied still need to be involved in PR at the S as he now can enjoy a successful company, responsible for much of backgrounds and cultures – Pan most senior level but we rely on our Complementary skills Collaboration ongyan Sui – known as Kevin major incidents – the 2004 general work/life balance, a quality time to the front-end design work going out. was originally from Hong Kong and local staff to maintain the good rela- – has quite a story to tell. En- election in Taiwan, 9/11, the death look after his daughter and be there During their business partner- I also have the support of the board brought up in Britain – and strong tionship we have with related partners couraged by his parents to of the Pope, the tragedy of the Mal- for his family. ship of almost 30 years, Schumach- of directors, financial professionals desire to create fabulous buildings on a daily basis on the ground.” become a doctor, he ended up be- colm Bay Chinese immigrants … we original programme was superb but er and Hadid worked through thick and others on hand to help, so I am in China combined to make them a ing the founder of a Sky TV mini covered them all.” These experiences achieved surprisingly low viewing Change and thin, giving lectures together not shouldering everything alone.” potent and multiple award-winning Vibrant In 2005 she completed a master’s de- channel ‘China Hour’ based in the UK, via a career path that took in and learning from other colleagues provided Kevin with the necessary figures. Kevin learnt from this expe- rience, “The original audience were Kevin’s parents had high hopes for him to become a respected doc- and bidding for projects all over the world from Azerbaijan to Mexico, About 50 per cent of ZHA’s rev- enue is generated from projects in force in architecture in the decades to come. Riding on the wave of the global architectural boom, ZHA has grown working when an agricultural sci- tools and an awareness of viewing the Chinese people in China who tor to save lives and do good. In- from the Middle East to China. Their China and I ask how the practice Despite the challenges of lengthy in the last two decades with aston- gree in marketing to ensure she was ence student in a North Chinese cornfield, studying economics in Australia, and becoming a BBC the world objectively to work in the media. Together they formed a solid foundation for his career progres- were already familiar with the Chi- nese context of tea and tea culture. The British audience has a different stead, his career went off on a com- pletely different track. What would they make of it now if they were projects ranged from an opera house to retail, from culture centres to mega cities. At the point of Hadid’s got involved with that country in the first place. I learned that Hadid and Schumacher had popped over decision-making processes, fast de- livery expectations, Schumacher enjoys working in China, finding its ishing speed. The number of per- manent staff has increased from 40 to 400, and it has 950 projects in 44 speaking the same language as many broadcaster in London. In 1990s China, young profes- sionals who could pass stringent sion in broadcasting. built-in understanding and mind- set. Our programme would need to connect with their knowledge with a alive? “I still have a long way to go to change the world for the better but I feel I am on track in contributing to untimely death in 2016, ZHA had 36 projects on-site in 21 countries. They were undoubtedly a tight team to southern China from Hong Kong when on a teaching assignment there in the late 90s. “Shenzhen political and financial stability reas- suring. Having worked there since launching its first project of Guang- countries. With only three projects built in England though, I hope that Zaha of her British clients and be better English exams were encouraged by the government to study overseas. A correspondent with the prestig- His natural curiosity and love shared empathy. “So, we invited the Lonely Planet’s China columnist to add an opening the promotion of the understanding between different cultures and peo- ple; the direction hasn’t changed. I with complementary skills – Hadid’s genius of innovation and creativity; Schumacher, magician-like, weav- was a small fishing village at the time, it looked poor, with no shops, but there were lots of people making zhou Opera House, 2003 – 2010, ZHA has now developed a compre- hensive project management system Hadid Architects will bring more of its modern, innovative buildings to these shores. After all, London, in able to support her Chinese clients. ious Economic Daily, Kevin accept- ed the challenge and subsequently went to Australia. While consider- of exploration dictated that he was ready to move on. A spell with China Daily reinforced his under- talk filmed at familiar locations such as Twinings and Fortnum & Mason before the main body of the pro- know they would be happy to see I am doing something I enjoy. And that, I certainly do.” ing ideas and creativity into finished products through systematic think- ing, backed up by theory. Schumacher’s opinion, is the most ex- citing city in the world with a vibrant and versatile architectural environ- As ACTIVE grew, organising events ing whether to continue his studies there with a PhD, he successfully answered a BBC World Service call standing of the strong demand for Chinese programming in the West, with far too few such programmes gramme. This led the audience to the programme at their own pace. The revised version proved to be www.chnpec.com/en Inspiration He misses her as a friend of ment, and where he and Zaha Hadid developed their craft and prepared themselves for ZHA’s global success. and accompanying British compa- for Chinese-speaking staff, thus be- ginning an 11-year association. to satisfy western appetites. Putting his newly-found business realisation into practice along with his compre- successful, with one episode of the six parts series achieved 380,000 viewings, compared with BBC News Yintong Betser is the author of a series of books on doing course but also “her inspiration, her drive to succeed and dedication to architecture.” Despite the huge Yintong Betser is managing director of ACTIVE Anglo Chinese nies on missions to China, she saw Learning Kevin recounts his experience at the ‘Beeb’ with fond memories and hensive skills and knowledge, China Hour was born in November 2016. at 10’s 400,000 viewing rating in the same month - a resounding result. business in China and the UK and managing director of ACTIVE Anglo Chinese loss, the company has maintained its success, continuing to win bids with an enviable 30 per cent success Communications connecting business cross culture with PR and marketing. She has published a Depth Success the need for handy simple business gratitude. “I was involved with al- Communications ratio. How did he manage to con- series of books on doing business most every aspect of the broadcast- The interest in China within Brit- Audience rating is obviously key tinue with Hadid’s legacy with such in China. www.activeukchina.com ing world and witnessed the world’s ish society is there for all to see – the to success in broadcasting. Kevin’s apparent ease? www.activeukchina.com guidebooks. The result was Active Business Travel – Great Britain (in Chinese) and Active Business Travel Celebrated ture to the UK for its ability to build with the international market, par- – China (in English), both of which Milestones during her twenty plus better country-to-country relations ticularly in the culture sector. have since been reprinted as a result year journey running her own con- and people-to-people understand- Her curated events have includ- of a successful collaboration with sultancy have included a pioneer- ing. This photography exhibition ed a high-profile fashion forum for London Chamber of Commerce and ing photographic exhibition called gave rise to a new business shift for the Shanghai Fashion Week, the Industry and China Telecom Eu- Ebb & Flow at the Saatchi Gallery Yintong, from previously support- Guanxi in the Western Context rope. On republication, both guides in 2014, where Lord Heseltine was ing mostly British companies do- book launch for Professor Barbara were endorsed by the then Trade a keynote speaker. He praised the ing business in China, she started Wang as well as her popular an- Minister, Lord Stephen Green. bringing of the best of Chinese cul- helping Chinese companies connect nual Chinese New Year receptions
International October 2020 13 SPONSORED COLUMN Pensions are where musical changing (again!) talents and By Görkem Gökyiğit, Chartered prominent Financial Planner at Lubbock Fine speakers from Wealth Management the Anglo Chi- nese community are showcased. As a sideline to support her cross culture PR events, Yintong has commissioned With her sense of From 2028, the age at which What if you would still like a hugely popular range of yin- yang and national flags, designed creativity and individuals can access their to retire at 55? pension is set to rise from 55 cufflinks and lapel badges. These entrepreneurial flair, to 57. You still can! It is worth considering adding money into are worn with pride by countless business executives wanting to dis- she has just The Government has confirmed other tax wrappers, such as play their UK-China credentials, including many on China Britain launched the Global its intention to increase the age Individual Savings Accounts (ISAs) and General Investment Accounts. Business Council trade missions. SinoPhoto Awards at which people can access their These are accessible from any private pensions. The aim is to set age and can be part of your Creativity the minimum retirement age to ‘retirement fund’. Wishing to develop her new interest homogenized. Whatever one thinks 10 years below the state pension in photography with business pro- of Chinese politics today, its culture age. This could help reflect trends What 7 things should jects, Yintong has wasted no time is undisputedly rich, fascinating and in longevity, encourage individuals you ask yourself about during Covid-19 lockdown to con- global. to remain in work longer, and help retirement? solidate her photographic knowledge. By extending the award to ex- She has completed online photogra- amples of China culture outside to ensure that pension savings are It is important that every phy courses with New York’s MoMA mainland China, the photographs used for later life. individual considers the following and Beijing’s Central Fine Art Acad- will reveal how Chinese culture has questions: emy as well as building up an audi- been interpreted by not only the What does this mean for 1. What does comfortable ence through her photography blogs worldwide Chinese diaspora, (for you? retirement look like? via a Chinese social medial platform which there are around 45 million The full details are pending. 2. Am I making enough WeChat. With her sense of creativi- first generation Chinese living out- ty and entrepreneurial flare, she has side mainland China), but also sec- However, depending on your age, provisions? just launched the Global SinoPhoto ond and third generation Chinese, you might be forced to wait two 3. When would I like to retire? Awards with her co-founder Lynne not forgetting how other nations years to access benefits if your 4. Is it possible to improve the Bryant, the founder of the renowned and cultures have absorbed Chi- birthday falls on the ‘wrong side’ investment returns of my Architectural Photography Awards. nese culture into their own cultur- of the cut-off date. This would pension? Once again, the awards will be a first al heritage. Overall, she hopes that also give you two more years 5. Is my pension flexible enough and are open now for submissions the awards will “connect humanity, until 5 January 2021. Covid-19 re- strengthen understanding and build of pension contributions and to provide me with a range strictions apart, the intention is that communities through competition investment growth, which could of retirement options (lump prizes will be awarded at her annual and exhibitions.” change the size of your pension sums, regular income, a Chinese New Year reception. This pot. guaranteed annuity payment photography competition is open to Legacy or a combination of all)? anyone interested in Chinese culture, Yintong says that she will deem the A 45-year-old today, with pension savings of £200,000 6. What are the charges being amateur or professional. project a success if the quantity and quality of the submissions are such applied to my pension? and making pension Understanding that she can make these annual contributions of £1,000 per 7. Have I nominated a beneficiary Yintong tells me that she wants to awards and establish them as part who would receive my pension month would have a pension pot “bring people together through of the international photographic in the event of my death? of £480,991 by the time they are photography by inviting photogra- awards calendar. She adds, with a phers from all over the world to wry smile, “we are also keen to find 55 (assuming a 5% growth per How can we help? participate with images of values enthusiastic sponsors and support- annum). If they continued saving If you require any assistance with shared by everyone; a love of life, ers for this legacy project”. at the same rate for another two your retirement planning and family and environment while re- At a time when the West needs to years, the pension pot would pensions, please contact Görkem flecting on an underlying Chinese understand China better, this will grow to £555,839 – a staggering Gökyiğit (gorkemgokyigit@ culture”. She would like to build a be a valuable study of the many hid- difference of £74,848. lfwm.co.uk). better understanding of Chinese den aspects of Chinese culture and culture and society today, a culture society. which has been transported around Lubbock Fine Wealth the world and with a history of over www.sinophoto-awards.com Management LLP 5,000 years, which goes far beyond Paternoster House Chinese food, styles of architecture Theresa Booth is joint chief 65 St Paul’s Churchyard and Chinese New Year, and create a executive of the Chopsticks Club London EC4M 8AB legacy of photographs that bear wit- and founding director of Engage t +44(0)20 7490 7766 ness to this culture in a world that with China Limited www.lfwm.co.uk has become increasingly culturally http://chopsticksclub.com
14 Your business October 2020 Literature in the open air Inspiring trust for a more resilient word Wimbledon Bookfest’s abridged version took account of rules on social gatherings to great effect and showed that such events can Join us at the be held safely and enjoyably writes Daniel Peters. November Standards The weather helped as mid-September was positively balmy. And the line-up of authors was wide, varied and topical – featuring e-Conference, featuring former PM David Cameron (for the record I wouldn’t bother with his autobiography For the Record), former table tennis player and black the BSI Standards Awards, box thinker Matthew Syed, and local comedian Andy Hamilton. to focus on the future and building back better through standards BSI Standards e-Conferences are opportunities for cross-sector knowledge sharing and networking and exploring key developments in standards. The e-Conference is designed for all those already making or using standards as well as anyone interested in learning more about the benefit of using standards or how they can get involved in their development. 17-19 Nov 2020 Barnstorming Most entertaining of them all for me was poet Lemn Sissay. He was due to read from his remarkable memoir My Name is Why and latest poetry collection Gold from the Stone. He didn’t get round to Register here either and instead gave a serious, hilarious, moving, barnstorming performance of a man who has survived an emotionally scarring (you would have thought) upbringing and has developed into something approaching a national treasure. www.wimbledonbookfest.org Photos by Jed Allen
October 2020 Your business 15 Free London business network to help with Covid-19 recovery A new, free, community • A ‘Proud to be part of the London network for the capital’s Chamber Community Network’ businesses has been launched email footer. by LCCI providing vital support and assistance. Note that joining the Community T Network does not give companies he Chamber is offering access to LCCI member-only all businesses who are benefits. These benefits include non-members complimenta- account management support, ry access to the London Chamber discounts on export documentation, Community Network. During chal- facilitated introductions to lenging time for business, the net- members, member-only events, work is designed to help companies profile-raising opportunities, recover and rebuild. enhanced access to Chamber Joining the community provides Connect, HR and legal advice and London businesses with access to: use of the city-based members’ • Business and policy news, digests lounge. and information resources, in- cluding EU Exit The community is free to join and • LCCI’s business resilience webi- • Chamber Connect – Ask the Ex- ed in LCCI’s Members’ Lounge the registration process is simple. nar programme pert – 20 minutes of complimen- • 40 per cent discount on Experian Complete a short online form on • Chamber Finance Finder – an on- tary advice from LCCI member marketing lists and five per cent the LCCI website: line platform enabling a business experts discount on London Chamber of www.londonchamber.co.uk/ to see available funding opportu- • Complimentary token for one fu- Arbitration and Mediation services membership/london-chamber- nities ture LCCI networking event host- • London Business Matters magazine community-network Award winning print and digital media Get in touch Email: hello@crosbyassociates.co.uk or tel: 0330 124 3780 www.crosbyassociates.co.uk Liverpool Manchester London (Head Office) Burlington House, First Floor, Lloyd’s House, 22 Lloyd Street 3rd Floor, 33 Finsbury Square Crosby Road North, Liverpool L22 0PJ Manchester M2 5WA London EC2A 1BB
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