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FAR EAST CONSORTIUM (FEC) SELLS OVER 60 PER CENT OF PROPERTIES AT NEW CROSS CENTRAL MANCHESTER

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DEX Construction appointed to deliver townhouses and apartments at key regeneration scheme for New Cross neighbourhood

Property developer Far East Consortium (FEC) has sold more than 60 per cent of homes at its New Cross Central development in Manchester.

Named after its location at the heart of the evolving New Cross neighbourhood and designed by award-winning architects HawkinsBrown, New Cross Central will offer nine, three-bed townhouses on the ground floor and 71 one and two-bed apartments, including rooftop apartments with private, stepped terraces, a shared central courtyard with seating and planting plus secure cycle storage for each property.

Following a competitive tender process, the development is being delivered by DEX Construction, with work having recently started on site and completion due in the summer of 2022.

FEC project director Hilary Brett-Parr said: “We are excited to be starting on-site with DEX and very pleased to have achieved a significant level of pre-sales in this up-and-coming neighbourhood. I believe New Cross Central will positively contribute to the area and act as a catalyst to further development in New Cross, so it’s great to get started.”

Simon Adams, managing director of DEX Construction, said: “New Cross Central will be an exemplar residential development at the heart of the evolving New Cross neighbourhood and further evidence of the widespread regeneration of Greater Manchester, creating communities for now and the future.”

Manchester-based DEX Construction sits within the FEC International Limited (FECIL) group but operates as a standalone UK construction business and independent contractor.

DEX was formed in January 2020 to complete the delivery of Mount Yard, FEC’s 12-storey scheme of apartments and townhouses at its MeadowSide development of 756 residential properties bordering Angel Meadow, Manchester when Bardsley Construction, the previous contractor on Mount Yard, entered administration.

UK multifamily investment hits record high in 2020

The UK Multifamily sector recorded a total of £955.7m of investment in Q4 2020, taking the full year total to a record high of £3.5bn, according to the latest Marketview report from global real estate advisor, CBRE. Investment levels were up 30% on 2019 and 15% up on the previous record in 2018, illustrating the resilience of the sector in light of the challenges posed by the Covid-19 pandemic.

Additionally, operational performance remained strong in Q4 2020, compared to other sectors. According to the report, average rent collection rates were estimated to be at 97% with occupancy levels increasing to 88%.

Deals that completed in Q4 2020 included the sale of Realstar’s £570m portfolio of Multifamily and Student Housing as well as Realstar and Quadreal’s £100m joint venture forward-funding of Wembley Link with HUB and Bridges Fund Management. Outside of London, Long Harbour agreed the sale of its Skyline II scheme in Manchester to L1 Capital for £27.3m.

This positive momentum is expected to continue in 2021 with £1.6bn of deals under offer at the end of 2020. London accounts for 51% of this pipeline with £810m worth of deals under offer. The remainder is spread across the regional markets, including Bristol, Glasgow, Leeds, Manchester, Newcastle and Sheffield.

Peter Burns, Managing Director, UK Development and Residential Capital Markets, CBRE said:

“The market has shown incredible resilience in 2020 with Build to Rent (BTR) transactions bucking the general trend and delivering a record year for investment. As we enter 2021 this trend is expected to accelerate, with demand increasing as overseas investors are able to travel to the UK when international borders re-open. This demand, coupled with more developers shifting their focus to BTR product lines, and higher quality investment grade stock becoming available to purchase, we expect to see a significant increase in deal-flow with approximately £7bn of trades per annum by the end of 2025.”

“Additionally, COVID-19 has accelerated the drive for institutional grade capital into Single Family Housing. We expect to see a marked increase in Single Family Housing in 2021 as housebuilders and developer alike increase their volumes to sell into a maturing market place.”

Tom Sinclair, Residential Investment Director at CBRE Manchester, said;

“The pandemic provided an opportunity for the BTR sector to prove its resilience in tough market conditions. As a result of strong performance of the sector we have seen a significant increase in investor interest which has translated into record transaction volumes in 2020.

“Looking ahead, we anticipate demand for BTR assets to accelerate throughout 2021 leading to yield compression and further collaboration between investors and developers which will support the delivery of new homes across the UK.”

KOMI Social strikes deal with Dublin-based publisher The Football Faithful

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KOMI Group – the Manchester headquartered social media, marketing & licensing company – has invested in The Football Faithful which is one of the UK and Ireland’s leading sports publishers. Its focus is on delivering the latest news, opinions, topical features, tactical analysis and nostalgia. It averages five million views per month.

The value of the deal has not been disclosed, but the partnership will see The Football Faithfull fall under the KOMI group umbrella. It is the latest addition to the growing number of KOMI’s social media brands which include: It’s Gone Viral, Go Fetch, Ultimate, Happiest as well as various sporting and gaming brands.

Andrew Trotman – MD of KOMI – said: “KOMI is a publisher, marketing and licensing agency – and The Football Faithful is one of the leading football communities and publishers – so we saw this as a natural opportunity to bring our skills and complementary audiences together. It will also add to KOMI’s strong family of in-house brands and accounts, give us another home for premium sport content and the opportunity to offer our clients access to a new platform which is commercially really exciting.”

Peter Henry – MD at The Football Faithful – said: “KOMI has a proven track record of building some of the most popular football accounts on social media so was an obvious fit for us. By focusing on producing high quality content that caters to the needs of football fans of all interests, The Football Faithful has quickly become one of the UK’s fastest growing Premier League publishers and I’m confident this new relationship with KOMI will help us to continue to go from strength to strength.”

The firm is a three divisional agency business consisting of dedicated social media, marketing and licensing teams. It was founded in 2016 and is led by Andrew Trotman and Ryan Williams. Over the past four years, its team of content creators, analysts and video producers have made and then distributed video content and viral campaign adverts for international brands such as BBC Films, O2, Universal, Bud Light and Disney.

Content has been shared across its Facebook, YouTube, Twitter, TikTok, Instagram and LinkedIn accounts including It’s Gone Viral, which is dedicated to relatable, informative and educational content; as well as Go Fetch, a platform for dog lovers to connect with one another; Happiest, which focusses on bringing the most entertaining and uplifting content and real life stories; and Ultimate which is all about sharing fascinating and clever DIY, crafts and hacks followers can do at home.

The last year has seen the company reach other various milestones including launching Ark Media – its new licensing arm, delivering over six billion views across its portfolio of pages, relocating its HQ to Beehive Mill in Ancoats, reporting its highest ever NewsWhip results, acquiring social media brand Happiest Media Ltd and appointing Urban Splash’s Sam Lenehan as its new non-exec director.

In December 2020, the company delivered two Facebook Lives which ranked number one and number two in the most viewed Live videos for that week. One was for the website gofetchstuff.com, which achieved 1.3m views on It’s Gone Viral, and the other was a live Santa’s grotto which saw children speaking to Father Christmas about their Christmas lists – it gathered 1.5m views.

Digital Skills Festival returns to Manchester as tech vacancies remain strong

Manchester Digital’s annual Digital Skills Festival returns next month to assess the impact Brexit and the pandemic have had on the tech sector and its working practices. It will also connect Northern talent with some of Greater Manchester’s biggest tech employers, as many continue to grow and recruit.

The five-day online event includes the UK’s largest digital skills careers fair, Talent Day, which connects 1500 students from schools, colleges and universities across the region, plus anyone else interested in a career in digital or technology, with respected industry professionals and employers, to highlight opportunities across the sector.

While the UK has been hit by mass job losses in recent months, a report last month highlighted that one in 10 job vacancies in the UK are now in tech roles. Tech Nation also reported in November that Manchester is the fastest-growing​ tech hub in Europe, with VC investment reaching $687.6m in 2019, up from $199.1m in 2018 – signalling continued growth.

The Digital Skills Festival will launch on Monday 8 February, where the findings from the 2021 Digital Skills Audit will be revealed. The audit, run in partnership with the Institute of Coding, will take a national view of the impact of COVID on growth and workplaces, as well as taking a deeper dive into the most in demand tech roles and the ongoing skills shortage.

Wednesday 10 February welcomes the festival’s flagship event, Talent Day, where up to 40 of the region’s most innovative digital, tech and creative employers, including Auto Trader, Bentley, musicMagpie and the ICO, will gather online in search of the best talent, offering advice to students on how to break into the industry. Upwards of 250 jobs, placements and internships will be on offer throughout the day in fields including development, data, security, design, project management, digital marketing, UX and more.

Commenting on this, Katie Gallagher, Managing Director at Manchester Digital, said:

“The pandemic has changed the way we do business and the impact on some industries will be permanent. However, as many businesses look to digitize and shift operations online, and remote working becomes more prominent, this has opened up new opportunities for many parts of the tech industry. While there’s no doubt the picture is nuanced and not the case for every digital and tech business, in general, there’s a still strong demand for suitable people to fill open roles – both technical and non-technical.

“This means we’re seeing plenty of prospects for those looking to start a career in the sector, or perhaps move into the sector from industries that have been badly hit by the pandemic. These opportunities will be showcased at Talent Day – where we’ll share routes into the tech industry for people, whether they’ve worked in it previously or not.”

Sarah Brooks-Pearce, Future Talent Manager at Auto Trader, added:

“The challenges of COVID continue into 2021. The impact on young people’s education and employment is significant, and the need to invest and inspire new entrants from the broadest communities into the tech world continues. The skills and diversity challenges that we see currently will only grow if the commitment to invest in skills, educational outreach and entry careers routes pause.

“Supporting initiatives like the Talent Day and Digital Her/Digital Futures with Manchester Digital and continuing to welcome our Early Careers intakes, therefore remains essential to us. We’re delighted to share our latest graduate and apprenticeship opportunities on Talent Day and host a student experience day. And we cannot wait to welcome our new intakes this year!”

For more information about the festival and to sign up for free, visit https://www.manchesterdigital.com/talent-and-skills/skills-festival

Cyber Resilience Centre Introduces Free Core Membership

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The Cyber Resilience Centre for Greater Manchester (CRCGM) has a range of membership options, depending on what level of support businesses in Greater Manchester need.

The core membership is free and provides businesses with access to a range of resources and tools to help them identify their risks and vulnerabilities, as well as offering guidance on the steps they can take to increase their levels of protection.

Core Membership with CRCGM includes:
Welcome Pack – This includes ‘How to Identify your Cyber Risks’, the latest National Cyber Security Centre (NCSC) guidance, additional information on our cyber services and further membership options.

Free Guidance – how organisations can protect themselves in cyberspace, including the ‘10 steps to cybersecurity’ and ‘The Small Business Guide’.

Newsletter – regular, digestible updates which are relevant to organisations in Greater Manchester about cyber resilience.

Services Introduction – Briefing on our cyber services and how these can be tailored to your individual needs.

The centre is headed up by Director, Neil Jones, who commented; “I am excited to launch our core membership offering in the fight against cybercrime.

“The increase in remote working with lockdown has contributed to the increase in cyber-attacks on businesses.

“The threat is very real and can render a business inoperable as well as causing them significant reputational and financial damage. But many smaller businesses can’t afford to access cybersecurity consultancy or services.

“The CRC has launched this core membership to support local business with a range of resources whilst also delivering affordable services to help businesses mitigate their cybersecurity risks.”

You can register for membership on their website and read more about other paid membership options.

Tom Auld – ex assistant to Stephen Hawking – invests in remote work tech Manchester startup: Your FLOCK

“Manchester based tech startup Your FLOCK is be been backed by Cambridge tech investor Tom Auld. Tom will help Your FLOCK’s remote work support platform into the world of Machine Learning. With his years of experience and connections in the field of advanced mathematics and AI.”

Tom Auld is set to join the board of Your FLOCK as an investor and advisor. Tom studied Cambridge University. Whilst at Cambridge Tom was asked to be a graduate assistant to Stephen Hawking. After working with the famous theoretical physicist, cosmologist, and author Tom went on to gain Postgraduate Degrees in Economics and a Theoretical Physics Degree.

At Cambridge Tom received a triple first in maths and a PhD in Bayesian Machine Learning. It is this machine learning degree and number of connections in the world of AI that he will use to help Your FLOCK to help create positive learning outcomes for their clients.

Tom coming onboard means that Your FLOCK can help more remote workers with learning and development. Based on their values. With a learning path in the future being chosen by a machine learning algorithm. Which will “calculate ” what are the best Your FLOCK Activities for their professional career growth. Which is very much on trend and so it is an ideal time to invest. As serial tech investor Tom says:

“Your FLOCK and the world of work is a place rich in data and potential for machine learning to be used. With more and more people needing scalable tech solutions for the future. It seems like a great time to invest in such a tech startup.”

Tom will be helping Your FLOCK use data and machine learning to create a new learning platform for people whilst they work from home or remote work. Using his experience to supercharge the Manchester tech companies growth for 2021. And this is just the start as Michal Wisniewski (co-founder and CEO of YourFLOCK) says:

“With £100,000 from Innovate UK***, we are now looking to find further £140,000 from private investment. We have already secured a commitment of £50,000 from GC Angel. And are matching this with investors like Tom joining Your FLOCK. It’s an exciting time”.

Why now? With 45% of the UK workforce working remotely today. Your FLOCK is in a good position to capitalize on the new trend. With the next round of investment, the new emphasis into support and learning and development. And with the machine learning expertise from Cambridge investor Tom Auld.

Your FLOCK hopes to have a big social impact on how companies in the NW recruit and analyse their own company cultures in 2021.

MENTAL HEALTH, THE HALLÉ AND HOPE Award-winning choir programme provides relief for 150 employees during lockdown.

In these difficult times, people’s mental health and morale is being truly stretched and tested. The reality of working from home has affected a huge number of people, many of whom are now more isolated because of the pandemic.

The need for the Arts to bringing joy, relief and hope, as well as a sense of community, has never been so great. The award-winning Hallé Workplace Choir programme, which has been running across the North of England for the past ten years, offers a tangible solution. Experts in HR are heralding the programme as a tried and tested way to help engage, entertain and support staff working in difficult conditions.

Kerry Lyons, member of the NHS Bolton Our Voice Choir says:
‘Singing just lifts you up; it is something for you, an hour just for you, and you can come together and have fun, and not take it too seriously. Sometimes we come into our sessions on a low ebb feeling emotional or stressed, but you never feel like that afterwards. It has become a highlight in our week: we look forward to it and feel better after it.’

In 2020, necessity forced the programme to move online. The usual competition was replaced with the Hallé’s family of workplace choirs coming together to record a newly-commissioned piece by composer Ollie Lambert, aptly entitled ‘Hope’.
Hallé Virtual Workplace Choir Project – Hope – YouTube

The success of these virtual choirs – increasing accessibility, offering flexibility and allowing colleagues to stay connected all whilst experiencing the mental and physical benefits of singing – has attracted a whole new group of workplace choirs from across the UK. This has led to plans being developed to continue to deliver a virtual Workplace Choir programme into 2021 and beyond, ideally working in parallel with the original format.

In the programme’s original format, each choir was paired with a professional choral conductor for rehearsals. The programme culminated each November with a competition at Hallé St Peter’s where entrant choirs rehearsed and performed two songs. The prize was a unique opportunity to perform alongside the Hallé, one of the world’s greatest orchestras, at The Bridgewater Hall: the winning choir honoured with an exclusive performance whilst all workplace choir singers were invited to join the Hallé’s Massed Choir.

Members of Hallé Workplace choirs have consistently reported how rehearsals have helped them to manage stress, increase productivity and bring fun and energy to their day.

Gary Provis, member of the Siemens Choir:
‘The benefits of having a workplace choir are astronomical. From the point of view of your own company it helps you to build better, more integrated teams, which can even be across different sites … From an individual point of view there are benefits in well-being and general physical and mental health.’

Aileen Wiswell, MBE, Whitehall Campus Programme Lead, Cabinet Office and member of the Hallé Board:
‘Music not only provides a source of pleasure but has recorded psychological benefits. A passionate and powerful medium that can lift your spirits, engage your mind reduce stress and improve your memory … It is recognised as being beneficial to both emotional and physical wellbeing.’

Jo Stonehewer, member of the Veterinary Defence Society Choir:
“As a company with team members spread across the length and breadth of the UK, the virtual nature of the programme this year has meant we were able to invite everyone in the company to come together to learn a new skill and have fun. The hour’s rehearsal each week helped build bridges between individuals and departments and gave us an opportunity to escape the strangeness of the year.’

For more information, including ways your organisation can be involved in this programme, please contact Susanna Caudwell, Hallé Corporate Partnerships Manager at susanna.caudwell@halle.co.uk

Siemens helps combat early careers crisis with recruitment drive for 26 school leavers, university students and graduates

Siemens is bucking the downward trend in early careers opportunities by offering 26 school leavers, university students and graduates a pathway into manufacturing, automation and digitalisation.

The recruitment drive for the Siemens Digital Industries division aims to bolster its intern, apprenticeship and graduate careers programme which accounts for 10% of its 1,000-strong workforce.

Successful candidates will work from Siemens’ UK headquarters in Manchester or its award-winning digital factory in Congleton.

Covid-19 and the resulting economic impact has contributed to a sharp decline in opportunities for school leavers, university students and graduates.

A recent report by Make UK*, the manufacturing industry body, found less than half of the UK’s manufacturers (44%) have plans to hire an apprentice in the next year, down from 74 per cent this time last year.

Meanwhile, research by the Institute of Student Employers (ISE)** concluded that the number of graduate jobs dropped by 12% in 2020 with further declines predicted next year.

Over the next three months Siemens will be recruiting nine young people for its advanced and higher apprenticeships, two for its International Technical Talent apprenticeships, one graduate scheme position, six interns, and three E3 scholarships. Meanwhile, five university students completing their E3 scholarships will secure places on Siemens DI’s graduate programme.

Since establishing its early careers programme in 2010 Siemens Digital Industries division has launched and enhanced the careers of more than 100 young people.

Jess Reading, 21, joined Siemens’ degree apprenticeship programme in 2018.

“I had a lot of misconceptions about the structure of an apprenticeship, suspecting it would start with lots of study and little manual experience,” Jess said. “From day one I was thrown into projects and encouraged to get involved. That hands-on experience was thrilling and really helped my confidence. I was surrounded by industry leaders and was encouraged to ask questions. That culture of support where everyone wanted you to succeed has helped me thrive.

“As the apprenticeship has progressed I have been given more responsibilities, and encouraged to lead projects and take ownership, a skill I am really grateful for. I was also able to get involved in the Ventilator Challenge UK. To be involved in such a once in a generation project was incredible.

“Siemens is an ever-changing environment, working with leading edge technologies and pushing the limits of innovation in engineering. It’s an exciting place to work and learn.”

Elliot Bloor, 21, is in his third year of a degree apprenticeship and is working towards a BEng (Hons) degree in Control and Automation.

“I have been given so many opportunities to develop skills in a wide range of disciplines and absorb knowledge,” Elliot explained. “I have been given solid grounding in business improvement, capacity planning, lean and industrial engineering, as well as access to cutting edge digital tools like Plant Simulation, Siemens’ discrete event simulation software, and access to technologies such as the Virtual Reality Cave.

“The culture here is that Siemens will give you the landscape to learn – the expertise, the technology and the tools – but you push yourself to take the opportunities available.

Elliot has thrown himself into apprentice life at Siemens DI. Within his first year, although just 18, he was leading visitors on tours of the digital factory in Congleton. In his second year, he was rewarded with the opportunity to join the layout and digitalisation team on a six-month secondment. Elliot was also selected to get involved in the Ventilator Challenge and was recently named Siemens’ Engineering Degree Apprentice of the Year.

“It has been brilliant, a great experience,” Elliot said. “It’s a lot of work and needs focus and commitment, but you will get the support, and with that, you will succeed.”

Brian Holliday, Managing Director for Siemens Digital Industries, said: “Early careers opportunities like apprenticeships and graduate schemes are a critical part of UK manufacturing’s effort to take advantage of the digital transformation to the Fourth Industrial Revolution.

“Offering school leavers, university students and graduates a fulfilling career pathway is key to solving the skills gap in the technology, manufacturing and engineering industries.

“Over the years Siemens Digital Industries has evolved and enhanced its early careers offering to ensure we have the talent and growth mindset we need for the future.

“We’ve brought a very diverse group of apprentices and graduates into our business. And guess what, when you throw tough stuff at them, they all step up, and they’re brilliant.

“By opening up our doors to 26 more young people we are committing to recruit, train and retain the next generation of innovators, and create high value jobs in the North West.”

There are three kinds of apprenticeships offered by Siemens. Advanced Apprenticeships take between three and four years and combine work and studying for an NVQ Level 3 plus a technical engineering qualification. Higher apprenticeships take between two and four years to complete and combine studying with hands-on training towards an NVQ Level 4 and a relevant HNC. Degree apprenticeships take around five years to complete and earn an NVQ Level 6-7 equivalent to a Bachelor’s or Master’s degree.

Internships are designed to offer first or second year university students an opportunity to experience life at Siemens through a tailored development programme and put their degree to work in a real world environment through either a three-month summer or 12-month placement.

Another pathway to a career at Siemens is through the E3 Academy, which offers university scholarships for those studying IET-accredited courses with Electrical Energy Engineering options, including a £2,500 bursary for each year of study, paid vacation work placements, summer schools, company mentoring, and a job after graduation.

The Graduate Development Programme is open to those with a bachelor’s or master’s degree, in an engineering, tech or business-related subject, and offers two years of paid training designed to enhance core and soft skills.

The International Technical Talent Apprenticeship programme includes one year in Berlin and then a four-year degree apprenticeship.

Dave Thomas started his career with Siemens 13 years ago through the graduate programme and is now training and development manager currently supporting 100 interns, apprentices and graduates.

He said: “Our early careers programme has been designed to combine the needs and ambitions of today’s talented young people with the skills companies like Siemens need to turn them into the experts of tomorrow.

“Opportunities at Siemens DI cover manufacturing, mechatronics, mechanical engineering, electrical and electronic engineering, technical sales, engineering technical support, IT, data analytics, and business administration.

“Each element of the programme offers stimulating challenges, real-world industry experience, first class mentoring, and opportunity to earn while they learn.

“We’re looking for people who want to take on the challenges of tomorrow with an inquisitive mindset, a desire to contribute to and solve problems in a challenging and diverse environment, the ability to react to changing trends and tackle the unexpected with enthusiasm, and a collaborative approach that saves valuable time and energy, and delivers results for everyone.”

Mitchell Charlesworth moves to new Manchester office

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North West accountancy firm Mitchell Charlesworth is set to move to new premises in Manchester city centre.

The new office is located at 44 Peter Street in Manchester. The firm will occupy grade A office space on the third floor of the building. The office is currently being fitted out and will have all the required Covid-19 safety measures in place to help protect staff and clients.

Mitchell Charlesworth’s Manchester office is relocating from its current base on Deansgate to the new office, which is due to open on 18 January 2021.

Commenting on the move, Alison Buckley, managing partner at the Manchester office of Mitchell Charlesworth, said: “Whilst the Covid-19 pandemic has delayed our relocation plans somewhat, we can now confirm that we will be maintaining a prime city centre base in Manchester, which is ideally located between St Peter’s Square and Spinningfields.

“For over 130 years we have been successfully delivering accountancy services and business advice to our clients by continually evolving and enhancing our services and how clients access them. Our full range of accounting and business services will be available from the new office, which will provide an inspiring working environment for our staff and comfortable surroundings for our visitors as well as support our future growth in the region.”

Mitchell Charlesworth also has offices in Liverpool, Chester and Widnes.

Richard Wharton at JLL and Darren Hamer at Hill Dickinson advised Mitchell Charlesworth on the deal.

Cushman & Wakefield acted on behalf of the landlord Credit Suisse. The property is managed by Muller International.

Energy Save Powers GG Hospitality Towards Sustainability Goal

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The group behind Manchester’s Hotel Football and Stock Exchange Hotel has shaved £13K off its energy bills in the past year after teaming up with corporate energy and sustainability specialists at Core Facility Services in Halifax, just on the other side of the Pennines.

A decision by GG Hospitality to forward purchase its energy and take advantage of record market lows has paid off, leaving more cash in the bank to invest in wider sustainability measures.

Core helped the business negotiate new energy contracts and embark on a programme of proactive purchasing which gives the flexibility to buy gas and electricity when market conditions are most favourable.

Claudio Bondin of GG Hospitality said: “Bringing our energy budget down is just one of the ways we’ve been working with Core to improve sustainability.

“They are helping us plan out a detailed net zero strategy which is looking at a huge range of options for improving efficiency and reducing overheads.

“Our goal is to reduce our impact on the environment without affecting customer experience and any cost savings we make can be reinvested in green initiatives across the group.”

Colette Watts of Core Facility Services said: “GG Hospitality has ambitious sustainability targets and we are delighted to be helping them plan a route map towards energy cost reduction and decarbonisation.

“A combination of low global energy prices and greater awareness of climate issues means this is a particularly good time for businesses to re-evaluate energy spending and turn their attention to improving efficiency and long term sustainability.”