Saturday, 28 February 2009

Southampton - This time it's personal

A short essay by Stuart Greenfield in response to a workshop discussing Inward Investment for Southampton held in Southampton on February 27th 2009.






Southampton












Manhattan







As the home for my business since 1999 and living and working in the region since 1995 you couldn’t really call me a Hampshire man, in fact I am actually from Kent although I spent most of my childhood in East Anglia (school) then in Devon and finally for over 10 years in London. So you could say I have been about a bit! But what’s my point? The point is that for all my married life and all my children’s life we have lived in Hampshire and Southampton has been of key importance for my business life and as a gateway, on a very small scale, my wife comes from the Isle of Wight and I love being close the sea as my sport and recreation love is yachting.

So Southampton fulfils a number of key needs for me. I have always been a supporter of Southampton and this is for many reasons many of them practical. I decided to set up business in the city area in 1999 before actually moving into the city district itself in 2003. This was for practical reasons of ensuring we were seen as a leading business in the heart of the leading city in the South. It gave the businesses a geographical focus which at that time and maybe for many service industries who need to do face to face business is still crucial. Yes I could have chosen a business park on the M27 or Winchester or Portsmouth, but I didn’t because Southampton had that extra something. Many other locations ticked all the boxes but Southampton had that feeling of opportunity, activity, and perhaps because it seemed like a city with ‘work in progress’ it was like us ready to grow.



Having ‘made my bed’ in Southampton and with fresh eyes I wanted to do my bit to ensure Southampton could deliver for me. Mainly but not completely for business reasons I wanted the city to attract the biggest businesses have the most start ups and grow faster than any other. I wanted the creative industries to grow. One of the reasons I was in Southampton was because I realised that the city was not strong in this area.

We joined many of the city’s business groups and pitched for Council work which we always did our best to provide exceptional service at the very tightest margins. I engaged with other business owners and we created Business Southampton. A single aim: to keep Southampton on the journey of remaining a successful, booming and exciting city both nationally and internationally. Through the boom years of 2000-2006 we all prospered city rents and house prices increased, the port prospered, the cruise industry grew, the service sector did well, and the university created and gained funding for many successful innovative start ups. All was rosy especially with West Quay booming and unemployment low.



But it seems that during these years we may have missed a trick or two and it has taken the current downturn for me to see this. The city hasn’t changed as much as perhaps it should have. The retail and leisure areas are wholly disjointed, we have not opened up the water front, we have not built a good mix of housing and office space, we have not marketed the city and promoted the obvious advantages of a University City full of talented people. We have new business property mixed in with old, many are empty. We do not have a creative ‘quarter’ where people would wish to live and work. Transportation could be so much better we have train, airport and motorway like many cities but they do not appear to have an overall strategy. This is, of course, the same for any city in the world but could it be different?



In any argument about a City’s prosperity the effect of the region it is in is, of course, important, The City itself cannot function alone but a City’s role is to ‘carry the torch for the region’. People (and businesses are just people) come to Hampshire to live and work because of a number of key factors. (International connections, labour force, history, customers, Government incentive, quality of life). Identification of Hampshire being the choice will strongly depend on the quality of the dominant City at its centre, I really believe this. Southampton is the ‘jewel in the crown’ of the South’s prosperity and for a simple reason: It is central to the south a port has focused geography and although far from perfect the best transportation infrastructure. With the River Itchen and Test creating the East and West boundaries it is, in a very small way, like the British Manhattan!



So what is to be done? Will this recession just put any plans on hold. The truth is that right now we have a lot of people who are working as hard as they can to survive. But a new dawn will come and we need to be prepared with a strategy and a plan which puts aside small thinking and looks to a new prosperity in a world where energy usage, new technology, and population growth means most of us will have to work and live in closer proximity in our cities without two cars, maybe no cars. Life will be different for our children - that is clear. A UK where we have a new type of manufacturing, and greater local food production just as a start. With this in mind we must create a Southampton that delivers this leadership ensuring the success of the region and leading from the front.



I realise that all of this has been said in one way or another before but when economic growth stops, as it has, we have a moment to reassess and start again. Bristol, Manchester, East London, Plymouth, Liverpool, Oxford, Newcastle to name a few. All have responsibility of being the focus for their region and the magnet for regional talent all have identities which are different all have had ‘moments of reinvention caused by good fortune or catastrophe. Is this Southampton’s time, are we able to make this our moment?



Innovation, green industry, marine technology, leisure, education, international trade, are watch words for the region and Southampton should build a new vision around being a Green City of the future with innovative work and living solutions built into the city environment. We must also become the ‘start up’ city offering work and living clusters for entrepreneurs and knowledge workers with incentives for these businesses to stay in the region. There will be new business built on technology which will grow as fast, perhaps faster than success stories like Google, we need to identify and nurture these micro organisations by providing the support to keep them in the South. It may be unrealistic to think that large organisations will be relocating in this climate, so we must build our own and help those on the cusp of success succeed and not move away.



So the DNA of the Central south region is embedded in Southampton and today Southampton is the head of this ‘monster’ when it comes to world wide recognition. Yes some may say the brains are in Winchester which was, of course, the ancient capital of Wessex but that is history and we must look forward.



Every city has similar challenges; they all have a multilayered series of contradictions and issues. Southampton’s unique issues of still being an ‘industrial style’ port (and very successful because of it) means we should leverage this success into a new City for the future.



The success of our region depends on the success of Southampton, she is our Captain and as such leader. We must know her character and support her.



Please join this conversation by emailing Southampton@greenfield.co.uk and your views will be published.

Thursday, 26 February 2009

Back a new regional Bank









Massive losses, share prices going up!!!!



The tax payer will pay!

On one hand maybe we should support the new management of the big 4 banks and ensure that those still employed stay employed. I fear, however, it is too late and therefore we must find a new way. Everything is about timing and confidence. My idea of a small 'Business Society' Uvestin plc - blogged earlier has received very positive support but the bigger idea of a Regional Hampshire Bank - HantsFund- is a solution which as a marketing professional I believe is the right product at the right time. It will be an incredibly positive statement of the regions will to remain as a regional power house of innovation.

Hampshire and the Solent region offers a fertile place where we could lead the country out of recession. Southampton remains our gateway to the world and for years has has been modest about its achievements this is the moment for the people of Hampshire from all walks of life to support the Bank of Hampshire.

To add your support please email me at backthebank@greenfield.co.uk

Saturday, 21 February 2009

When the banks say no uvestin!







Stuart Greenfield launches new company to invest in Southampton businesses



Today Uvestin plc has been launched by Stuart Greenfield with the aim of initially investing £1million of cash into the Southampton business community.

The money will be invested in return for share holdings in the chosen companies and the successful Southampton business will be picked by a panel of Southampton’s leading business professionals.

Companies interested in the investment opportunity will be asked to present to the uvestin plc panel and decisions will be made within a 30 day period. The goal is to invest in at least 2 businesses per month during 2009/10.

Uvestin plc will be launching a private offering of shares within the next 30 days before floating on the PLUS market later in the year.

Stuart Greenfield said:

Over the last 9 months I have watched, as we all have, the world’s economy take one disastrous blow after another and I now believe the time is right to do something positive and quickly but on a very focused local scale.

He continued:

‘Uvestin plc’s mission statement is: To build regional business prosperity by providing investment and expertise in the community by the community.

A year ago such a business idea would have been a dream but working in partnership with the many business and support agencies in the city and realising that even with positive government incentives money is still not flowing I realised a more entrepreneurial approach is necessary to prevent some incredibly good businesses just running out of cash.

For this reason I call upon all Southampton business owners, high wealth individuals and those in need of funding in the Southampton region to contact me today and take action to ensure we keep Southampton in business.

This is not going to be a cash giveaway and the criteria for investment will be tough but every business will receive an incredible range of support, they will have guidance and help from a team of the regions best business brains and yes the Uvestin team we will be working very closely with them every step of the way.

The success of Uvestin plc will provide a return to all who invest but the bigger opportunity is that as a Southampton businesses or member of the community you get a double wammy ; every successful Southampton business builds the prosperity of the region and that means more jobs and more business – its micro economics at work.

A big incentive for every citizen of Southampton

Uvestin plc will be offering 250,000 free shares to the community of Southampton. These shares will be free to trade on the PLUS market. One share will be offered to each member of the community by simple registration on the Uvestin plc website

Tuesday, 3 February 2009

Snowed in!

Broadband more rubber band






Peter behind a Digital UK - time to speed it up!



Today with much of the UK at standstill and many people using that well worn phrase ‘Working from home’ how many really will be working? Broadband speeds in the villages and small towns are still far slower than that of our European friends and today I really understood how that feels. Yes I am working from home and today I have just 130Kps which is ridiculous and enables me to pick up an email every 10 minutes of so!



The Governments latest report on the UK in the digital age (http://www.culture.gov.uk/what_we_do/broadcasting/5631.aspx) outlines the plans and if implemented the UK will be on the crest of a wave (excuse the pun). But as ever the ‘how’ bit is a little slim.



What is for sure that social networking in all its forms from Facebook and Twitter, to blogs and corporate networks we must all continue to broaden our minds and broaden our broadband.



Here are just a few of the machinations of the Social Networking world over the last 6 months:



Social media start-ups continue to attract funding and VC money, despite financial doom and gloom and recessionary fears.



Twitter is reportedly on the brink of integrating search into its home page. Finding relevant information for companies is thought to be a potential route to monetising the microblogging service.



At the end of 2008, European business social network, Xing, acquired New York-based socialmedia, for a reported $7.5 million.



In October 2008, financial services blog, Bankaholic, was purchased by financial information portal, BankRate for $14.9 million.



In 2008, AOL bought Bebo for $850 million, as part of its international expansion strategy. AOL also acquired social networking site SocialThing in 2008 in a $10 million deal.



In July 2008, Twitter acquired search utility, Summize. Tech gossip blog, Silicon Alley, valued the acquisition at an estimated $15 million.



With mobile social networking predicted to be the “next big thing,” Vodafone acquired mobile social networking tool, Zyb in the early part of 2008, in a €31.5 million deal