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Future looking bright for Welsh family businesses

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Screen Shot 2016-04-20 at 13.57.12FAMILY firms across Wales are setting their sights on expansion following another hugely successful year for the sector.

New research by Oxford Economics for the Institute for Family Business (IFB) Research Foundation reveals the vast contribution family firms make to the UK economy – employing over 11.9 million people and making up 87 percent of all private sector firms in the UK.

There are now more than 190,000 family run firms in Wales making up one in 20 of all family businesses across the UK.

Family businesses also account for 92 percent of all private sector firms in the region – one of the highest concentrations in the UK, including firms such as Watkin Jones, Brains Brewery, Henllan Bread.

Since 2013 family businesses have increased employment by six percent and turnover has also seen a strong rise, increasing by two per cent to reach £1.3 trillion. In addition, family firms paid £125 billion in taxes and contributed over a quarter (26%) of the UK’s entire GDP.

Speaking about the new findings, Peter Armitage, Chairman of the IFB, said: “The report sheds light on the sheer size and scale of the family business community. It’s an important reminder of how vital family-run firms are to the UK – serving as the backbone of our economy, with family firms making a phenomenal contribution across all sectors, industries and regions.

“Family businesses have always been at the very heart of the UK economy and based on the steady rise in their recruitment and turnover, it is clear they are here to stay. It’s encouraging to see family firms with such a buoyant attitude towards their future expansion – almost half of family SMEs expect to grow over the next two to three years.”

Growth and expansion is a top priority for many SME family firms with just under half (49%) stating they aim to grow over the next twelve months.

Looking to how they will turn this ambition into reality just under a half of firms (43%) say they will invest in improving the skills of their workforce to support growth, with a third (33%) planning to boost productivity through investing in new machinery and premises.

Looking beyond their traditional activities to diversify their business and customer base, 42% of family firms are planning to move into new markets and 37% are developing and launching new products and services.

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Shock in Carmarthenshire as it’s named as one of the top locations for most reckless young drivers in UK

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CARMARTHENSHIRE has landed some unwanted publicity after being named as home to some of the most reckless young drivers in the UK.

According to comprehensive analysis by Adrian Flux, the county is one of the areas with the speediest teenagers on the road. On average 87.1% of FluxScore users there will receive a serious warning about their speeding compared to less than one in five in Conwy (17%).

The warnings are triggered by a black box that sits in the driver’s car to monitor their performance in the hope of improving safety and saving them money.

“This gamification style approach has helped sensible drivers save up to 60% for year-long safe driving upon renewal,” said Scott Goodliffe at Adrian Flux, one of the UK’s largest specialist motor insurance brokers.

“Unfortunately, some users are less attentive or cautious and their behaviour is a cause for concern because it leaves them more likely to make a claim or hurt themselves or others.

“It’s disappointing when alerts have to be sent but we’re proud that they are helping to change behaviour behind the wheel. We already know FluxScore is reducing the number of speeders across the board by 70% and hopefully this analysis will help address the small number who negatively impact these already impressive figures slightly.”

There are also considerable concerns about how quickly youngsters are travelling in Rhondda Cynon Taf with the area also being named and shamed in the top 10. It’s a much better picture in Conwy though with youngsters there being rated amongst the most careful drivers in the UK.

Adrian Flux’s self-fitting black box sits on the inside of the windscreen and tracks journeys. It helps reward safe driving by providing daily updates on the FluxScore app to show how the previous 24 hours’ driving has affected a driver’s renewal premium.

FluxScore sends alerts to drivers who it deems as driving dangerously or above the speed limit. The findings focus on Alert 2s, which are considered serious speeding events and take into account other factors such as the type of road. If a driver receives three Alert 2s, this will result in their policy being suspended.

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Local specialist contractors needed for countryside works

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CARMARTHENSHIRE COUNTY COUNCIL is seeking local specialist countryside contractors for work on Public Rights of Way and conservation sites throughout the county.

Businesses in Carmarthenshire are being encouraged to tender for the countywide framework, which is for two years, starting in September with an option to extend for a further two years.

The work will include the management of nature reserves, mitigation for development and government funded habitat projects on sites with challenging conditions, ecological constraints, wet land and difficult access.

Examples of the work include path maintenance, installation of countryside furniture (stiles and gates), mowing overgrown fields, chainsaw and strimmer work, excavator work, woodland management, fencing and tree planting.

A proven track record and a good understanding of working in the rural and natural environment and knowledge of conservation is essential, as is an understanding of the way that the land changes in challenging weather conditions.

Applicants will need to make available vehicle inspection documents and maintenance records, certificates of operator competency (in relation to plant hire with operatives), health and safety policy and relevant insurance documents.

Any suppliers interested in tendering for this work need to be registered on the National Procurement Portal Sell2Wales website, where they can express their interest and receive further information.

This is a free online service and allows businesses to promote their organisation not only to the council but to other Welsh public sector bodies, and to receive notifications about contract opportunities suitable to their field of work.

The council also encourages businesses to register on the Business Wales Business Directory – a free resource where businesses can advertise their services.

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Police appeal for information after vehicle collides with two pedestrians

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POLICE say they are appealing for witnesses following a road traffic collision which occurred on College Street, Newcastle Emlyn just after 4pm on Monday 20th June.

A black coloured Honda CRV vehicle collided with two people on the pedestrian crossing.

A 70-year-old female sustained serious injuries and was airlifted to hospital.

A 50-year-old female was taken to hospital by ambulance with what are described as minor injuries

The 64 year old female driver of the vehicle was arrested on suspicion of causing serious injury by dangerous driving, and has been released under investigation pending further enquiries.

Anyone who witnessed the incident, or has information that could help officers with their investigation, or anyone who was driving in the area at the time and has dashcam footage, is asked to report it to Dyfed-Powys Police, either online at: https://bit.ly/DPPContactOnline, by emailing 101@dyfed-powys.police.uk, or by calling 101. If you are deaf, hard of hearing, or speech impaired text the non-emergency number on 07811 311 908. Quote reference: DP-20220620-283.”

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