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SSU Cluster Newsletter - March 2023



Introduction


Did you come along to our Productivity: Shape Up To Scale Up conference last month at AMRC Cymru? It was good to see so many businesses networking, touring the AMRC demonstrations and listening to our line up of speakers. If you missed it, Programme Manager John Taylerson sums up what he learned at the conference in his blog below or visit the conference page on our website HERE





What We Learned About Productivity at Productivity: Shape Up To Scale Up


On 2 February the Sustainable Scale Up Cluster welcomed Lesley Griffiths MS to officially open its second annual conference at the impressive AMRC Cymru (Advanced Manufacturing Research Centre) facility in Broughton, Flintshire where productivity was the theme for the day.


Speakers on the agenda ranged from Santander’s Chief Economist through to innovation specialist Tom Abbott from Marks and Spencer, with a variety of productivity specialists and food and drink businesses in between.


Read more HERE





Blog: 5 Reasons You Need to Understand Your Accounts


As a food or drink business owner, it is vital that you understand and take control of your business’ finances, however, this can sometimes be daunting and confusing if you’ve never had any finance training, and isn’t that what you pay your accountant for? Click here to read 5 reasons you need to better understand your accounts.





Knowledge Bank: Glossary of Finance Terminology


The finance industry, like many other industries, has its own specific technical language, which, if you are not familiar with, can be difficult to understand. For example, terms like liquidity, retained earnings or operating profit may not be part of your everyday vocabulary. Finance is also an industry that is constantly evolving, and new terms and concepts are being introduced all the time. This can also make it difficult to keep up with the latest terminology and trends.


To help you get a grip on some of the jargon that you may encounter when dealing with your finances, we have developed a searchable glossary of terms. Have a go at searching some of the terms that may catch you out HERE. We will be adding to the glossary regularly, so if you don’t see a term that you’re looking for, get in touch.



What’s Hot & What’s Not in Finance


Grant Thornton: Food and beverage insights Q4 2022


What's the future for food and beverage?


Read more HERE



Development Bank of Wales’ Green Business Loan Scheme


Helping businesses cut energy costs: Development Bank of Wales and Welsh Government launch new Green Business Loan Scheme


Read more HERE



British Business Bank £130M Investment Fund For Wales


A £130 million investment fund aimed at driving the growth of small and medium-sized businesses in Wales is on course to be launched in autumn 2023.


Read more HERE



Economic Intelligence Wales’ Quarterly Report


Economic Intelligence Wales’ latest Quarterly report has tracked deteriorating economic conditions, such as the conflict in Ukraine and inflationary pressures, affecting businesses.


Read on to hear about global, UK and regional economic prospects, and more on their activity and support.



National Skills Academy Food & Drink FREE Skills Insights & Labour Market Report


One of the most significant challenges within the FDMP sector is lack of labour, with widespread reports of unfilled vacancies and rising wages. This report reviews the key influences and highlights the skills required to enable the industry to continue to thrive.


Download HERE




Sustainable Food Leadership Curriculum – would you participate?


Miller Research have been commissioned by the University of Wales Trinity Saint David to carry out research to inform the development of an Academy of Contemporary Food, and in particular to test the demand for a Sustainable Food Leadership curriculum.


The syllabus would be based in the University and out on farm, in food factories or in hospitality, covering subjects such as food safety, nutrition and public health, team leadership, food sustainability, politics of food, diets and zero waste cooking.


If you would consider participating in courses across these subject areas, please complete the survey HERE



Get in Touch


If you’re a Welsh food or drink business who has ambition to grow and is looking for the tools, resources and expertise to support your growth plans, get in touch for a one-to-one consultation with one of our Cluster Managers HERE





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