Government cash backs new scheme to create more Ofsted child minders in North Lincolnshire
Chamber highlights need for skills support in South Yorkshire
Science unlocks secrets for small firms in ‘highly successful’ four-year project
A four-year project designed to give SMEs access to some of the world’s most advanced scientific analysis has been declared a major success by academics at the University of Bradford.
Small firms win record amount of Government work reveals Cabinet Office
“One in three pounds of public money is spent on public procurement, which is why through the Procurement Bill we are improving the way it is regulated to save the taxpayer money and drive benefits across every region of the country.”
Under new rules all departments and public bodies are required to consider SMEs when designing their procurements, meaning that more SMEs will get to compete for and win government contracts through simpler and more flexible regulations. The new rules also include:- Greater visibility of upcoming work, giving SMEs more time to gear up for bidding
- A new central platform showing future work in each area. This means for example a new SME tech firm in Lancashire will be able to search for tech opportunities upcoming in their region
- Creating one single website to register on, rather than the multiple and time consuming systems SMEs currently have to register on before bidding for work
- Reducing unnecessary insurance costs before a supplier has even bid for a contract
- A new Competitive Flexible procedure, which will allow contracting authorities to design more innovation into the process.
- Strengthening prompt payment, so that businesses throughout the public sector supply chain receive payment within 30 days
Farming gets new trade body to showcase agriculture as a dynamic industry
University of Sheffield to be biggest green hydrogen producer and drive sustainable aviation fuels development
Drax Community Fund donation saves Village Hall from closure
Renewable energy company Drax Group has provided new funding for 25 community projects – and has saved at least one form closure.
That’s the Village Hall in North Yorkshire’s Henshall, where Drax cash has made possible a new boiler. Said Hall Treasurer David Hardaker: “The new boiler has been installed thanks to the generosity of the Drax Community Fund plus local support via a concert which raised £490.
“Without Drax’s support the outcome would have been so different. We are now looking forward to a warm space in the winter that will ensure that all our groups continue and hopefully expand. Until Drax intervened so generously we were looking at closure, without a doubt.” The £35,200 from the company’s Community Fund, donated between April and June this year, has gone to projects that provide STEM education and skills development, enhance green spaces or improve communities. Jane Breach, Drax UK Community Manager, said: “As part of Drax’s commitment to being a good neighbour in the communities where we operate, we are delighted to announce this quarter’s donations for 25 community-based organisations including Lindsey Lodge Hospice and Brayton Youth Connect. “These groups make a tangible difference to people’s lives and help us make a positive impact on people, nature and the climate in our communities.” In the previous quarter, Drax donated to groups including PlayStillingfleet, who look after the Stillingfleet playground, for new play equipment, and Hensall Village Hall, to help fund a new boiler. Both sites are in the vicinity of North Yorkshire’s Drax Power Station. Ross Powell, Chair at PlayStillingfleet Community Group, said: “The funding has allowed us to successfully deliver the final phase of our playground project. The playground has quickly become a focal point for children and parents to come together and build the next generation of friendships in the village.” Drax’s Community Fund provides donations of £500-£2,000 for community-led projects. In addition to the Drax Community Fund, Drax also provides larger grants of up to £50,000 through the Drax Foundation.Normanton tool firm secures six figure funding boost
Cottingham day nursery sold to expanding group
Misconceptions about accountancy creating barriers for next generation of talent
New research shows that many young people have misconceptions about careers in accountancy which may be creating unnecessary barriers and preventing them from seeing it as an attainable option, limiting the potential future talent pool of the profession.
In the research, accountancy firm Grant Thornton UK LLP explores Generation Z’s view of accountancy as a career. Analysing the responses of 2,000 people aged between 16 – 25 in the UK, the study seeks to better understand the attitudes and perceptions towards the accountancy sector of this age group.
The top misconceptions held by Gen Z about accountancy, identified in the research, are:
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62% believe you need high grades to become an accountant
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57% believe you need to go to university to become an accountant
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57% think training for accountancy qualifications is expensive
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53% think accountants sit at desks all day
The level of misunderstanding about the profession identified by the research may be explained by the finding that two thirds (65%) of young people have never received careers advice about accountancy.
Those that have are most likely to have received it at school or college, however the type of school attended affects how much information young people receive. Those attending private schools are 20% more likely to have received careers advice about accountancy than those from comprehensive schools. Private school students are also more likely to know an accountant than those attending comprehensive schools (52% vs 43%).
Social media and online research are the next most popular ways to source information about accountancy for Gen Z. Those from lower socio-economic backgrounds are more likely to find information in this way, they are also less likely to receive advice about the profession from a family member or friend.
Richard Waite, people and culture director at Grant Thornton UK LLP, said: “There are now so many different routes available for young people considering joining the accountancy profession, whether that is starting on an apprenticeship straight from school, undertaking an internship or placement, or following the traditional graduate route. But it’s clear that there remain significant, and detrimental, misconceptions about access to and working in the accountancy profession.
“It’s therefore vital that employers, such as Grant Thornton, take action to help bridge that gap so we do not miss out on attracting the next generation of new and diverse talent to the sector. Employers need to take the time to actively educate young people, to reach out and work with schools in target areas, such as social mobility cold spots, to tackle some of these false barriers and provide much needed advice and insight to those considering the next step in their lives.”
The research finds that the school you attended has a significant impact on whether you view accountancy as an attainable career. Private school attendees are 25% more likely to believe that a career in accountancy is attainable than those from comprehensive schools.
Gender is also found to impact young people’s perceptions of attainability. Men are 13% more likely to believe that a career in accountancy is attainable than women. Non-binary people are less likely than men or women to feel a career in accountancy is possible.
Overall, half of respondents believe that accountancy is an attainable career for them, while one in four (24%) disagreed. Of those who disagreed, one third attributed it to not knowing enough about the profession to consider it for a career.
James Brown, practice leader for Grant Thornton UK LLP in the Central and East region, said: “It’s clear that the accountancy profession needs to work harder to bust historic misconceptions. There remain clear misunderstandings about not only the routes to entry but also the scope of the career on offer, which may be preventing many from considering it as an option.
“Both the people and the careers available within accountancy are now more varied and diverse than ever before, with opportunities for international travel, varied work across different sectors and specialities and long-term career prospects. It’s evident that we need to showcase this more prominently and shine a light on the reality of the working accountancy world and the broad and rewarding career path it can offer.
“The school you attend, your background or gender should not dictate your access to information or the career path you follow yet our research shows that these factors contribute to the level of exposure to and understanding that a young person may have of the profession.
“Volunteering our time, through established initiatives such as Access Accountancy, RISE and our own firm’s Schools Enterprise Programme, to build confidence and knowledge with a wider range of young people will encourage a better understanding of the sector. Without a concerted effort to tackle these lingering misconceptions, we risk, inadvertently, missing out on a huge diverse pool of untapped talent.”