managing director – Welcome To Poole Thu, 17 Mar 2022 02:16:59 +0000 en-US hourly 1 managing director – Welcome To Poole 32 32 Tees Valley Unlimited trio plan 21 homes at Tall Trees in Yarm Tue, 15 Mar 2022 07:41:00 +0000 Three property developers who were once key Teesside decision makers are back in the area with a plan to build executive homes on the site of the former Tall Trees Hotel.

Bede Homes has announced that it will build 21 five-bedroom executive homes in Beck View, Yarm, which will go on sale in early summer.

The construction will be the first time that three of Bede’s directors have been involved in a development in the area since their days at Tees Valley Regeneration, which was at one time the largest urban development agency in England and evolved into the Local Enterprise Partnership, Tees Valley Unlimited.

Read more: Work begins on 65-unit Ingleby Barwick housing estate

Bede Homes managing director Joe Docherty was managing director of TVR when it was established in 2002. Director Richard Buckley was development director at the agency which developed Middlehaven and created Teesside’s modern landmarks, the bridge Infinity in Stockton, the Temenos art installation. which is outside the Riverside Stadium in Middlesbrough and Central Park in Darlington where Darlington College is now based.

Richard recruited another Bede manager, Andrew Burnett, as project manager for Middlehaven after taking over from Joe as co-CEO in 2009.

The trio, along with fellow director Gavin Cordwell-Smith, are now set to develop the Beck View plot. The properties will likely go on sale in June, but people can register an interest through the Bede Homes website or through Yarm-based estate agents Michael Poole. Property prices will range from £525,000 to £700,000.

MD Joe Docherty said: “We are extremely excited about this development. These will be luxury executive residences and it is expected that there will be considerable interest in the properties given their location.

Bede Homes is still a young company, but we are set on our vision to be the premier independent home builder in the region.

“The previous landowners had planning permission for 35 houses, but we decided to reduce the density because we were aware of Teesside’s concerns about overdevelopment.”

Bede Homes, based in Gateshead, was set up in 2016 by Andrew and Richard, who had formed land and planning agency Buckley Burnett in 2011. They were joined by Gavin, managing director of The Hellens Group, who has worked extensively in Teesside in recent years. as well as in the North East and Yorkshire.

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You can also follow our dedicated Teesside Facebook page for all the latest news in the area by clicking here.

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Kuhoo secures $20 million from West Bridge Capital — TechGraph Sun, 13 Mar 2022 21:06:31 +0000

India-based student loan provider Kuhoo has secured $20 million in seed round funding from West Bridge Capital.


The platform plans to provide online loans to students aspiring to study at universities in India and abroad.

Talking about the development, Prashant A. Bhonsle, Founder of Kuhoo said, “We are on a mission to make Indian students Atmanirbhar. In our cumulative experience of more than 30 years in the field of Indian student loans, we have observed that many talented students do not apply to good universities because they are afraid of imposing tuition fees and fees on their parents. high living expenses. We want to change that.

“At Kuhoo, we combine our vast experience with cutting-edge technology and data science to create risk and credit models. These models help us assess the potential employability of students and their future earnings for the various courses in which students enroll. With this unique ability, Kuhoo can offer different products that are better suited to the individual profiles of students from a variety of family backgrounds. The other benefit – usually underestimated – for students will be that this loan will help them to build a credit history during their studies.As we all know, in today’s world, a good credit rating ensures that students will have access to the best financial products like credit cards, other loans, etc., once they start working,” Bhonsle added.

Kuhoo has also onboarded experienced global talent in the areas of technology, data science, consumer and student loans. Apart from launching their innovative products, Kuhoo will partner with banks and other NBFCs, as well as top colleges and coaching centers around the world.


“As a completely online student lender, we want to provide the most dignified experience for students, parents, universities and all our partners. We also plan to use our expertise to help students find universities, courses and even jobs best suited after completing their studies,” added Bhonsle.

Commenting on the financing, Deepak Ramineedi, Partner, West Bridge Capital, said: “We have been following India’s education sector closely for over a decade now. With the rising cost of education, we believe that India needs loan providers who fully understand the issues of students, parents and academic institutes. Assessing student employability and future earnings are two of the biggest challenges for existing banks and NBFCs that offer student loans. »

“We are happy to have found the right entrepreneur in Prashant. Apart from his experience in building one of the most successful student loan companies in India, we like his vision of using technology and analysis to create an online business model. Additionally, Prashant’s passion for organizational culture and creating impact aligns with West Bridge’s core values. We are excited to partner with kuhoo and wish the best to the talented team,” added Ramineedi.

Speaking in more detail about the investment cycle, Sumir Chadha, Co-Founder and Managing Director of West Bridge Capital Partners, added: “Over the past decades, only a tiny percentage of talented Indian students have had the chance to pursue their higher education dreams. at universities abroad. Although it will continue to grow, the emerging world order and India’s economic growth provide students with many career opportunities. Moreover, the Indian government’s policy of creating high-quality educational institutes and the Edtech revolution of recent years have opened up attractive prospects for young Indian students.

“West Bridge Capital is committed to financial inclusion through long-term investments in sectors such as affordable housing finance and education. We strongly believe that Kuhoo will play a vital role in making these expensive courses affordable, primarily for middle class Indian families. We are delighted to support Prashant and his talented team at kuhoo in their endeavor to build one of India’s leading student loan institutions,” added Sumir Chadha.

The Daily Echo School Awards announce new sponsors Fri, 11 Mar 2022 14:01:52 +0000 The Daily Echo will soon be announcing this year’s winners of the Daily Echo School Awards supported by our main sponsor, United Taxis.

After a two-year hiatus, the awards are back in full swing and we’ve received record nominations for hundreds of worthy teachers and support staff.

We are also delighted to announce that New Milton Sand and Ballast is the sponsor of the STEM Teacher of the Year category.

Rob Flower, Managing Director of New Milton Sand and Ballast, said, “NMSB is proud to sponsor the STEM Teacher of the Year category as part of the 2022 School Awards.

“During a relentless and challenging time, the teachers have maintained as normal a working environment as possible, showing their unwavering commitment to ensuring local children learn.

“As a producer of vital minerals, this price category is particularly important to us. We want to encourage more kids to look into STEM industries as a career because it offers so many opportunities.”

Vicki Solly and Sharon Golding of Supply Tree Recruitment have chosen to sponsor the Elementary School Teacher of the Year category.

They said: “Supply Tree Recruitment is proud to be the category sponsor of Primary School Teacher of the Year.

“We believe there are so many talented teachers who go above and beyond every day.

“We feel privileged to be part of the recognition and reward of these incredible people who make such a big difference in the lives of children in Dorset.”

‘To plant or not to plant’, even if fighting stops, yields could suffer as concerns over inputs loom Mon, 07 Mar 2022 11:16:52 +0000

David L. Stern, Joby Warrick, Kareem Fahim, Dan Lamothe, and Missy Ryan reported on the front page of today’s Washington Post that, “Russian forces pounded key airfields in central Ukraine and launched a new assault on the beleaguered port city of Mariupol on Sunday.Russian and Ukrainian officials said, as Moscow continued its invasion in defiance of new Western economic threats and fierce resistance Ukrainian defenders outgunned.

Financial Times writer Emiko Terazono reported last week that “Russia and Ukraine supply almost a third of global wheat exports and since Russia’s assault on neighboring Black Sea ports are practically paralyzed. As a result, wheat price reached record levels, surpassing the levels seen during the food crisis of 2007-2008”.

“Food Crisis Looms as Ukrainian Wheat Shipments Halt”, by Emiko Terazono. The Financial Times (March 5, 2022).

The FT article stated that ““If Ukrainian farmers do not start planting soon, food security will be seriously threatened”. If Ukraine’s food production drops in the next season, the price of wheat could double or triple,” said [Kees Huizinga] the Dutch national, who has been farming for two decades in Cherkasy, 200 km south of Kiev. He is part of a farmers’ union, whose 1,100 members cover just under 10% of the country’s farmland.

“While well-stored wheat, like that from the Huizinga farm, can last for several months, agricultural experts and policy makers have notified of the impact of delayed shipments on the countries that depend on the region for wheat, cereals, sunflower oil and barley.

“Food Crisis Looms as Ukrainian Wheat Shipments Halt”, by Emiko Terazono. The Financial Times (March 5, 2022).

Terazono said that “sitting in his friend’s house in Siret, near the Romanian-Ukrainian border, Huizinga said that the main question raised during a call with 75 fellow Ukrainian farmers was to plant or not to plant. They may find it difficult to obtain fertilizers and crop protection products and it is unclear if they could actually harvest and ship the crop. “The supply chain is broken,” he said.

Bloomberg writers Megan Durisin and James Poole reported on Monday that “Wheat prices approached record highs as Russia’s escalating war in Ukraine cuts off supplies to one of the world’s major breadbaskets.

“Chicago futures have exceeded the daily limit for the sixth consecutive session, up 7% to $12.94 a bushel. This is based on a massive wave of 41% last weekthe most data spanning six decades, and puts prices at their highest since 2008. The Paris contract violated one all-time high after jumping up to 11%.”

“Wheat nears record as war cripples supply to Ukraine”, by Megan Durisin and James Poole. Bloomberg News (March 7, 2022).

The Bloomberg article stated that “” serious disorders‘, the Agricultural Market Information System said in a report on Monday. “Any serious disruption to production and exports from these suppliers will undoubtedly drive up prices further and erode the food security of millions of people.”

“Food costs have already reached an all-time high, according to the United Nations, and are expected to rise further, compounding the woes of importers,” the article said.

And Patrick Thomas and Alistair MacDonald reported on the front page of today’s Wall Street Journal that, “Ukrainian farmers are supposed to plant their spring crops soon. Yet even if the fighting stops, they may not have enough fertilizers and pesticides. Agriculture industry leaders warn of small yields in Ukraine, which normally has some of the most productive fields in the world.

“‘Depending on the crop you’re considering, it could have pretty serious impacts already in the first growing season,’ said Svein Tore Holsether, managing director of Norway’s Yara International AS A, one of Norway’s largest manufacturers of fertilizer in the world. . ‘Yields could fall by 50%.’”

“War pinches supply chain, driving up prices globally”, by Patrick Thomas and Alistair MacDonald. The Wall Street Journal (front page, March 7, 2022).

More generally, Thomas and MacDonald pointed out that “fertilizer supplies were already tight and prices were at record highs. This adds pressure on farmers, who pay significantly more for fuel, weed killing chemicals, seeds and seasonal labour.

“If fertilizer supplies run out or become too expensive, some farmers may move acres to less fertilizer-intensive crops like soybeans. Others could reduce fertilizerpotentially slimming cropsanalysts said.

Dorset Tourism Awards 2021/2022 winners revealed Wed, 23 Feb 2022 14:45:00 +0000

In a day-long online awards ceremony, 54 winners were announced for the Dorset Tourism Awards 2021/22, with three more to be revealed in May, when winners and sponsors gather at the Sculpture by the Lakes in Pallington, which won gold, silver and bronze at this year’s event.

The judges found many examples of excellence, innovation and resilience applied by Dorset businesses as they worked their way over one hurdle after another, with many becoming significant contributors to the efforts from the county to support key workers.

Judges’ chairman, Professor Peter Jones, said: ‘The tourism industry has seen the very lows of lockdown and the highs of holiday enquiries. What this year’s judging showed is how resilient, creative and innovative tourism businesses in Dorset need to be to survive. They work hard to overcome setbacks and showcase the excellence that Dorset tourism offers to all of its visitors.

Find more details on

The Marsham Court Hotel in Bournemouth has won three gold medals: Dog Friendly Business, Large Hotel of the Year and Business Events Venue of the Year. Treacle the dog with Business Development Manager Jane Swift and Managing Director Rosie Wallace
– Credit:

DORSET TOURISM AWARDS 2021/22 sponsored by Quality in Tourism

ACCESSIBLE AND INCLUSIVE TOURISM AWARDsponsored by Bournemouth University: Gold – Ellwood Cottages Blandford Forum.

SPECIAL APPRENTICESHIP PRIZEsponsored by NFU Mutual Wessex: will be announced in May.

B&B AND COTTAGE OF THE YEAR, sponsored by Goadsby: Gold – St John’s Guest House, Weymouth; Silver – Canal View Bed and Breakfast, Weymouth.

Elegant bedroom with double bed and tray with champagne and glasses

One of the bedrooms at St John’s Guest House in Weymouth – winner of B&B and Guest House of the Year
– Credit:

BUSINESS EVENTS AND WEDDING VENUE OF THE YEAR, sponsored by Furleigh Estate: Wedding Venue of the Year – Highcliffe Castle, Christchurch; Business Events Venue of the Year – Marsham Court Hotel, Bournemouth.

Beautiful room decorated with white flowers and chairs for a wedding ceremony

Highcliffe Castle, once the home of Gordon Selfridge, founder of Selfridges in London, has won the award for wedding venue of the year
– Credit: 2021 Phil Jackson/ Harbor View Photography

CAFE/TEA ROOM OF THE YEAR, sponsored by Clipper: Gold – Picnic Park Deli, Bournemouth; Silver-Tangerine Cafe & Gallery, Beaminster; Bronze – EBIKE Cafe @Deheers, Weymouth; Congratulations – Break Cat Cafe, Bournemouth.

CAMPING & CARAVANING PARK OF THE YEAR, sponsored by Anytime Booking: Gold – Monkton Wyld Holiday Park, Charmouth; Silver – South Lytchett Manor Caravan and Camping Park, Dorchester; Bronze – Higher Moor Farm Campsite, Weymouth.

Aerial view of a pretty caravan park in West Dorset surrounded by green hills and fields

Monkton Wyld Holiday Park in West Dorset, Campsite and Caravan Park of the Year
– Credit: Neil Bigwood/

PRICE OF RELAXED MEAL AND RESTAURANT, sponsored by Furleigh Estate: Gold – The Station Kitchen, Bridport; Silver – Nicetta, Weymouth; Bronze – Shalims Indian Restaurant, Weymouth.

Decorated interior of an old train carriage, now an award-winning restaurant

The Station Kitchen in West Bay – with its award-winning restaurant inside a former WWI hospital carriage – winner of the Restaurant and Casual Dining category
– Credit:

DOG FRIENDLY BUSINESS OF THE YEAR, sponsored by Pear Marketing: Gold – Marsham Court Hotel, Bournemouth; Silver – Burnbake Forest Campsite and Lodges, Corfe Castle; Congratulations – Polygon Pets Ltd, Poole.

ETHICAL, RESPONSIBLE AND SUSTAINABLE TOURISM AWARD, sponsored by Bournemouth Water: Gold – West Bay Discovery Centre, Bridport; Silver – Dorset Forest Garden Glamping, Beaminster; Congratulations – Naked Coffee, Bournemouth

EXPERIENCE OF THE YEAR (ACTIVE OR APPRENTICESHIP), sponsored by Saffery Champness: Gold – All Hallows’ Farmhouse Cookery School, Wimborne St Giles; Silver – Jurassic Coast Guides, Milborne St Andrew; Bronze – Shore Campers – Campervan Hire, Bournemouth.

Double bed made with sheets inside a shepherd's hut with canopy

The Astronomer’s Shepherd’s Hut at Dorset Forest Garden Glamping, Beaminster – Glamping Business of the Year
– Credit:

GLAMPING COMPANY OF THE YEAR, sponsored by NFU Mutual Wessex: Gold – Dorset Forest Garden Glamping, Beaminster; Silver – The Yurt at Hollands Farmhouse, Dorchester; Bronze – At Goathill Farm, Sherborne.

HOLIDAY PARK OF THE YEAR, sponsored by Tozers: Gold: Highlands End Holiday Park, Bridport; Silver – Golden Cap Holiday Park, Chideock; Bronze – Waterside Holiday Park & ​​Spa, Weymouth; Congratulations – Durdle Door Holiday Park.

Drone view of a holiday park by the sea

Bird’s eye view of the award-winning Highlands End Holiday Park, Bridport – Holiday Park of the Year
– Credit: Loveridge

GRAND HOTEL OF THE YEAR, sponsored by Hotel Perfect: Gold – Marsham Court Hotel, Bournemouth; Silver – Holiday Inn Bournemouth; Bronze – RNLI College, Poole; Congratulations – Moonfleet Manor Hotel, Weymouth.

GREAT ATTRACTION OF VISITORS OF THE YEAR, sponsored by Love To Visit: Gold – Moors Valley Country Park and Forest; Silver – Dorset Museum, Dorchester; Congratulations – Adventure Wonderland, Christchurch.

Lake with a swan and a sculpture of a giant dragonfly on a calm autumn morning

Moors Valley Country Park & ​​Forest in the east of the county won major tourist attraction
– Credit:

NEW TOURIST COMPANY AWARD, sponsored by Visit Dorset: Gold – Carey’s Secret Garden, Wareham; Silver – The King’s Arms, Dorchester; Bronze – At Goathill Farm, Sherborne; Congratulations – Apex Expeditions, Poundbury.

Click here to read our review of The King’s Arms in Dorchester

OUTSTANDING CONTRIBUTION TO DORSET TOURISMSponsored by Darren Northeast PR: To be announced in May.

Egg shaped sculpture in a pond in a beautiful walled garden with flowers and paths

Carey’s Secret Garden – a magical walled garden near Wareham – has won the award for new tourist business of the year
– Credit:

BAR OF THE YEAR, sponsored by Dorset Food & Drink: Gold – The Acorn Inn, Evershot; Silver – The Grosvenor Arms, Shaftesbury; Bronze – The Keys to the Cross, Sherborne.

RESILIENCE AND INNOVATION AWARD, sponsored by Bournemouth, Christchurch & Poole Tourism: Gold – Weymouth Bay RIB Charter; Silver – Shore Campers – Campervan Hire, Bournemouth; Bronze – Sculpture by the Lakes.

SELF-CURRENT HOUSING OF THE YEAR, sponsored by Touch Stay: Gold – Spring Cottage, Wareham; Silver – Greenwood Grange Holidays, Dorchester; Bronze – Frog by the Sea, Chideock.

SMALL HOTEL OF THE YEAR, sponsored by Clockwork Marketing: Gold – The Pig on the Beach, Studland; Silver – The Grange at Oborne, Sherborne; Bronze – The Grosvenor Arms, Shaftesbury.

LITTLE VISITOR ATTRACTION OF THE YEAR, sponsored by Resort Dorset: Gold – Nothe Fort, Weymouth; Silver – Sculpture by the lakes; Bronze – West Bay Discovery Center; Congratulations – Bridport Museum Trust.

TOURIST EVENT / FESTIVAL OF THE YEARsponsored by Dorset Magazine: Gold: FORM – The Sculpture Exhibition at Sculpture by the Lakes.

middle aged woman outside some woods

Christine Hughes of Moors Valley Country Park & ​​Forest, winner of the Unsung Hero Award
– Credit: Moors Valley Country Park

UNKNOWN HERO AWARD, sponsored by Sculpture by the Lakes: Gold – Christine Hughes, Moors Valley Country Park; Silver – Mick Callaghan, Bournemouth Electric Club.

VISITOR INFORMATION SERVICE OF THE YEAR, sponsored by Yellow Buses: Gold – West Bay Discovery Center.

WINNER OF WINNERS. sponsored by Dorset LEP: To be announced in May.

Click here to find 20 famous filming locations in Dorset

Bournemouth officials back removing Covid restrictions Wed, 23 Feb 2022 05:00:00 +0000 Residents of DORSET have reacted to the news that England will lift Covid restrictions this week.

Under the new plan for ‘Living with Covid’, the legal requirement to self-isolate after testing positive for the virus will end on Thursday. Free lateral flow tests will also be removed from April 1.

The news has been greeted with concern by many, who say vulnerable people will be left at risk by the changes.

However, Conor Burns, MP for Bournemouth West, said: “I think it’s good news that we’re going to be the first country to be completely restrictions-free and to move on from Covid. It’s really, really good, in especially for an economy like ours that relies heavily on the tourism and leisure industries.”

On the end of free Covid testing for the majority of the population, Mr Burns said: ‘I think the Prime Minister has made it very clear that there will be further announcements about the categories of people who can benefit from free tests from April.

“The reality is that we have to learn to live with this. We have to continue to care for those with weakened immune systems and vulnerable people.”

Christchurch MP Sir Christopher Chope said Boris Johnson’s statement in the House of Commons was “one of the best announcements I have heard in a long time”.

“It was music to my ears,” Sir Christopher added.

The backbench MP said it was ‘reasonable’ for people who want to take a test from April to pay for it, while vulnerable residents could still access it free of charge.

Sir Christopher said: “You’ve had to pay for a test if you’re traveling overseas, so if people want to get tested for any reason in the future they should pay for it.”

Some local businesses in the hospitality industry are welcoming the removal of Covid restrictions.

Andy Lennox, Founder of The Wonky Table, said: “All of our members are thrilled that the restrictions are finally over and we can get back to some kind of normality.”

Mark Cribb, owner of Urban Guild venues in Bournemouth, said: “For hospitality, this will be our first full summer exchange for three years, so we’re really delighted the Easter holidays are starting and I’m delighted that this been the best we’ve had since 2019.”

Speaking of Covid advice for his staff, he said: “I guess where we’re not testing we won’t know when people have Covid so I guess it’s inevitable that there will be people at the working with Covid, but I guess the government are aware of that.

“I think if people test positive for Covid we’ll ask them to stay home for a few days, wait to see if any symptoms develop, and then depending on how that progresses, maybe they can come back to work a little earlier. could but obviously people who test positive and have symptoms we will insist that they stay away.

Tom Doherty, managing director of the human resources department at Bournemouth, Poole, East Dorset and New Forest, said: “It is obviously up to companies themselves to review their own rules.

“At the end of the day, there is no legal basis after February 24 for people to continue self-isolating, but the advice to everyone would probably always be if you are not feeling well enough, whatever the nature of the illness, to go to work, then you shouldn’t and always have.

“What actually happened is the government didn’t give huge notice for this to end and like a lot of businesses everyone is going to have to figure that out, within the confines of their staff , its business and rules. are.

“We advise you to be considerate, to think about people’s views, to clearly communicate the rules you are going to put in place and to be transparent in what you are trying to accomplish.”

Members of the public had mixed views on the removal of restrictions on Thursday.

Jamie Evans, 32, who works in retail, said: “It’s a good thing the restrictions are being lifted. I worked in a supermarket during the worst, but I’m done with everything now. We have to move forward.

Mary Wilkinson, 71, retired, said: “I don’t think we should get rid of the restrictions. I will always wear my mask, but if we all stop isolating ourselves when we test positive, how will we know if new variants appear? »

Student Lucy Bradshaw, 20, said: “I understand why some people will feel uncomfortable, so I think we should all be considerate and see how it goes.”

South Western Railways restores previous timetable Fri, 11 Feb 2022 10:31:31 +0000 A DIRECT train between Weymouth and London Waterloo is returning after South Western Railway announced it would reinstate the pre-Omicron timetable.

From Monday February 21, the train operator will return to its previous services, meaning commuters traveling to the capital will no longer have to change at Bournemouth.

South Western Railway (SWR) says improved staff availability means they can increase the number of trains they run without compromising reliability.

SWR Managing Director Claire Mann said: “It has been a difficult time for our railway and the customers it serves, with significant staff shortages that have left us with no choice but to to temporarily reduce our schedule last month.

“With staff availability constantly improving, we are pleased to be able to announce this improvement, which will essentially see service levels return to what they were before the spread of Omicron.

“More and more people are returning to our railroad, and this schedule will ensure that we match capacity and demand while providing reliability for customers.”

The timetable will be almost identical to that which served customers in December, meaning a host of services, including direct trains to and from Weymouth to London Waterloo, will be restored.

In addition to services from Exeter to London, which also previously had direct trains cut.

However, a small number of services which operated in December 2021 are not restored as SWR says they aim to ‘effectively match capacity with demand’, however these differences do not impact Dorset .

These services are the 07:38 from Southampton Central to Waterloo, the 05:02 from London Waterloo to Guildford, the 07:00 from Shepperton to Waterloo and the 08:15 from Waterloo to Waterloo (via Hounslow).

Previously, South Western Railway introduced a temporary timetable in response to staff absences caused by the spread of the Omicron variant of Covid-19.

The rail operator said it was ‘ensuring customer reliability during a difficult time’ and the timetable’s return ‘raising is timely as more and more people are returning to the railway following the lifting of government instructions home”.

Details of the new timetable can be found via the South Western Railway timeline.

Owner of Sea Life Weymouth calls on government to keep 12.5% ​​VAT on tourism Fri, 11 Feb 2022 05:00:00 +0000 The operator of Sea Life Weymouth is calling on the government to permanently maintain VAT on tourism at its reduced rate of 12.5%.

The tourist attraction, run by Poole-based Merlin Entertainments, says any increase will have a ‘significant negative impact’ on the tourism sector and its millions of jobs.

VAT was reduced to 5% for tourism and hospitality in July 2020, but rose to 12.5% ​​last September and is expected to return to its original 20% in April.

Merlin says this could threaten the survival of 10% of hotel businesses in the UK. The sector has already seen sales fall by around 40% on average in December, meaning a loss of £3billion in trade.

Read more: Dorset County Hospital wins top prize for cancer care

Tamsin Mutton-McKnight, Managing Director of Weymouth Sea Life, said: “As we continue to recover from the pandemic, our focus remains on making good the significant losses suffered over the past two years.

“Although UK tourist attractions have benefited from domestic tourism in 2021, there is still a shortage of overseas visitors, which continues to have a significant negative impact on overall numbers and revenue for the sector as a whole.

“Additionally, the recovery was significantly slowed during the winter period due to the ramp-up of the Omicron variant and Plan B restrictions.”

She added: “We strongly believe that if the VAT rate returns to 20% in April, it will have a significant negative impact on the tourism sector at a time when it is finally starting to turn a corner.

“We firmly believe that keeping the current lower VAT rate will help stimulate demand, create jobs and give the tourism sector a strong boost on the path to a long-term sustainable recovery.”

Read more: MPs call on Commons to fix ‘temporary’ classrooms

Nationally, the tourism sector directly employs 3.2 million people and 1.5 million in the supply chain.

Merlin directly employs over 10,000 people in the UK, with Sea Life Weymouth employing up to 70 in peak season.

A spokesperson for HM Treasury said: “We have supported jobs and hospitality businesses throughout the pandemic with our £400bn funding package and continue to do so.

“We have always been clear that the reduction in the VAT rate was a temporary measure to support businesses in their recovery and thanks to the strength of our fantastic vaccination program which has lifted restrictions and reopened the economy, it’s only fair that our support package reflects that.

£44m of dormant asset funding released for charities and social enterprises Tue, 08 Feb 2022 16:01:00 +0000
  • Funding will help tackle youth unemployment, support communities in deprived areas and give people in need access to finance
  • New government bill could unlock an extra £880m for good causes

Communities and good causes across England have received an additional £44million through the Dormant Assets Scheme.

The funding will be used to tackle youth unemployment, expand access to investment for charities and social enterprises, and help improve the availability of fair and affordable loans for people in vulnerable situations.

The Dormant Assets Scheme releases funds from dormant bank and building society accounts, which are accounts that have been open for 15 years, but during that time no transactions have taken place.

The £44 million funding will be distributed by the National Lottery Community Fund, as follows:

  • £20m will enable the Youth Futures Foundation to test and demonstrate the best approaches to breaking down barriers and improving access to employment for disadvantaged young people
  • £20m will go to Access – The Foundation for Social Investment, to provide urgently needed funding to up to 1,000 charities and social enterprises, particularly in the most deprived areas
  • £4m will enable Fair4All Finance to accelerate its work on affordable consolidation loans for people in financial vulnerability

Already more than £800m has been released through the Dormant Assets Scheme over the past decade, including £150m that supported the response to the COVID-19 pandemic in 2020.

Nigel Huddleston, Minister for Sport, Tourism, Civil Society and Youth, said:

This latest £44million allocation from the Dormant Assets Scheme will make a real difference to people’s lives in communities across England. As well as helping young people find jobs, it will also provide financial support to those who need it most.

And we won’t stop there. We are currently pushing through legislation to expand the Dormant Assets Scheme even further, so that it can free up even more money to help improve communities across the country.

This follows the government’s release of its Leveling Up white paper last week, which set out a plan to transform the UK by extending opportunity and prosperity to all parts of the country.

Following a public consultation process, a new bill is currently before Parliament, which should deliver on the government’s commitment to extend the Dormant Assets Scheme.

This could potentially unlock an additional £880million across the UK over the next few years by allowing a wider range of dormant assets to be transferred into the scheme from the insurance and pensions sectors , investment and wealth management and securities.

There are 30 companies participating in the Dormant Assets Scheme, which will continue to have consumer protection at its heart, with participants’ top priority continuing to connect people with their assets.

Where this is not possible, more companies will soon be able to voluntarily transfer dormant assets into the scheme, unlocking funding for social and environmental causes across the UK which is on top of central or devolved government funding.

The scheme has already helped people like Chris Coyle, who grew up in a deprived area of ​​Coventry and was introduced to cycling through a city center council initiative, and later set up Ebikebrum, a community bike cafe and shop . With a combined grant and loan of £83,000 from the Key Fund as part of the Growth Fund, a partnership between the National Lottery Community Fund and Big Society Capital provided by Access through a range of social investors, Chris was able to provide services from information on health lifestyle choices to a full program of cycling activities, specializing in electric bikes.

Fair4All Finance has previously used the Dormant Assets Scheme to provide Moneyline with long-term funding, enabling them to provide more affordable credit to people in vulnerable situations. A beneficiary, who asked to remain anonymous, had been divorced from an abusive relationship and was struggling financially before contacting Moneyline, who provided the support she needed.

Another organization that has benefited from the scheme is the West of England charity, 1625 Independent People (1625ip), which receives grants from the Youth Futures Foundation in partnership with the West of England Combined Authority. This funding helps youth leaving care prepare and find good jobs through its Reboot West program. The charity works in partnership with the leaving care and employment and skills teams of four local authorities in Bristol, Bath and North East Somerset, South Gloucestershire and North Somerset. It offers tailor-made coaching, training and career support.

David Knott, chief executive of the National Lottery Community Fund, said:

The money released through the Dormant Assets Scheme will be widely welcomed and comes at a difficult time for communities. We are delighted to distribute this £44million on behalf of DCMS, to support charities and social enterprises working to help people in some of the most deprived areas of England. This vital funding will impact people’s lives and support them towards a more prosperous and thriving future.

Seb Elsworth, Managing Director of Access – the Foundation for Social Investment, said:

Communities need the support that charities and social enterprises can provide, creating vital jobs and tackling rooted social issues. But too often, they can struggle to get the financing they need to innovate or grow. The additional £20m from dormant assets will help us and our partners provide the small-scale loans most charities and social enterprises need and focus investments more in places and communities that were previously neglected.

Matthew Poole, Director of Grants and Investments at the Youth Futures Foundation said:

When disadvantaged youth told us what they wanted from employment assistance, they talked about system-wide changes. That’s why we’ve launched our £6.1m Connected Futures Fund to reduce the fragmentation of youth employment and skills supply in the places that need it most. Our goal is to unite services at the local level so that young people who are furthest from the labor market benefit from quality, consistent support that understands their complex needs. We will intensify our learning of what works so that more places are able to offer an effective offer. The additional £20m from dormant assets will help us build on this momentum.

Sacha Romanovitch, Managing Director of Fair4All Finance, said:

11million people have racked up some £25billion in debt during the pandemic. Much of this burden falls on low-income people in the poorest parts of the country. Problematic debt, often well over £10,000 across multiple suppliers, quickly becomes unmanageable. It has a significant impact on mental health and general well-being. This limits opportunities and prevents people from participating in communities.

We are delighted that the government is supporting affordable debt consolidation with £4m of dormant asset funding. We would also like to see the broader credit industry play a role in working with us to service and consolidate debt through affordable credit providers where customers have reached their tipping point.


Notes to Editors

  • The definition of a dormant bank or building society account is contained in the Dormant Bank and Building Society Accounts Act 2008: an account is “dormant” at any time if it has been opened for the period of 15 years ending at that time, but during this period no transactions have been carried out in relation to the account by or on the instructions of the account holder.

  • To address systemic inequalities and ensure access to opportunity, funding is particularly directed to some of the most left behind regions of the country.

  • Where dormant asset funding has been distributed to date:

  • In England, the Scheme released £100 million to tackle financial exclusion and debt problems; £110m to remove barriers to young people working; and £485m of investment in charities and social enterprises across the country. In 2020, £150million from the scheme has been released for organizations in England to support their coronavirus response and recovery efforts.

  • In Wales, £37.7m of dormant asset funding supported a variety of projects, including investing £16.3m in young people, learning, education and employment; and £4.9 million for climate change action. Sustainable Steps Wales will invest a further £16,950,000 over the next 18 months.

  • In Scotland, £67.2 million of dormant asset funding has been allocated under the Young Start scheme. Young Start has awarded over 950 grants of up to £100,000 to voluntary and community organizations for projects led by young people, which help them to become more confident and realize their own potential.

  • In Northern Ireland, Dormant Asset Funding is used to provide flexible multi-year funding to increase the capacity, resilience and sustainability of the voluntary, community and social enterprise sector through a 22.4 million pounds.

  • Funds under the program are held by Reclaim Fund Ltd (RFL). RFL is authorized and regulated by the Financial Conduct Authority and must hold sufficient money to cover customer claims. It donates the surplus to the National Lottery Community Fund to distribute to social or environmental initiatives across the UK. The DCMS Secretary of State can issue policy guidance on the English portion of the funding.

Dorset charities are struggling during the pandemic Fri, 04 Feb 2022 05:00:00 +0000

Charity Funding

DORSET Charities say it could take more than a year for their funds to recover from the Covid pandemic – with demand for their services hitting an all time high.

Charities across the county spoke about the challenges they faced during the pandemic and the impact it had on their services.

And as we begin to emerge from the latest restrictions, with lives tentatively on the path to normality, groups and good causes are seeing an increasing number of calls for their services.

Sarah Lloyd, Managing Director of Age UK Bournemouth, Poole & East Dorset, said: “Like many businesses, our much-loved community services have had to stop. We very quickly shifted our focus to creating a telephone hub and at the height of the pandemic, we were receiving over 400 calls a day.

The charity is now in the recovery phase and has reopened most of its community services with the reopening of its day centre, activities and food clubs in February.

Sarah said: ‘As a charity we will be fully operational by March 2022 but this has had a detrimental effect on our income over the past two years and we have had to rely on the use of our reserves, we expect it will take another year to fully recover.”

Nathalie Sherring, chief executive of the Dorset Race Equality Council, said: “We have had many more requests for support, many more people who have had problems accessing services.

“Discrimination has a hugely negative impact on people’s mental health, so now we’re seeing a lot of clients who have very serious issues and I think that’s going to continue unfortunately.

“We are working from home and it has become absolutely relentless, like any charity we juggle with funding and demand, which far exceeds the capacity of our charity.”

Alistair Doxat-Purser, chief executive of Faithworks Wessex, said: “The impact of Covid is far from over in terms of the economic challenges so many people are currently facing – the work continues to help people strengthen their personal, food and relational resilience: here at Faithworks, we want to continue to play our part in this area.”

As a smaller charity providing support to families struggling with chronic, life-limiting and terminal illnesses, Amelia’s Rainbow has been forced to review its services and reassess what it offers and how it delivers it. provides. Like many charities, its revenue has been significantly affected.

The charity is 50% down on budget and that has put increased pressure on the team who are still very determined to help the 150 families they currently have on the books.

Farah Batchelor, Director of Amelia’s Rainbow, said: “We have had to cancel so many opportunities and the uncertainty has both financial and mental consequences.

“2022 is our 10th anniversary and we hope it’s a chance for the community to celebrate with us but also to grow and recover as we learn from the pandemic.”

A spokesperson for Access Dorset, a charity for people with disabilities, older people and carers, said: ‘From the start we established how important it was for us to stay connected with our communities, who were already isolated even before the pandemic and were likely to be strongly impacted by the restrictions.

“A lot of people were self-isolating, so we started doing our online activities again through zoom.”

The charity is now looking forward to resuming in-person activities at the community centre, hopefully towards the end of this month.