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Bank of England - Bondholder & IoD Breakfast Event

Thursday, 7 March 2019

DoubleTree by Hilton Hull, 24 Ferensway, Hull, HU2 8NH

‘Hull has a fantastic story to tell’

 

Andy Haldane, the Bank of England’s Chief Economist and the Government’s Industrial Strategy Council Chair, joined Marketing Humber’s Bondholders and colleagues from event partners IoD Yorkshire, during his visit to Hull.

With an audience of over 200 Bondholder delegates at a Breakfast event at the DoubleTree by Hilton, and following the Bank’s economic forecast published in February, Andy discussed key points impacting the UK and the Humber’s economy.

Brexit, employment and productivity challenges were some of the key themes discussed by Andy.

He started with the global picture - world growth is slowing and expected to slow a little further.  In the UK, Brexit uncertainty had dragged down investment but consumer spending was largely resilient, boosted by strong employment and rising pay and despite a weak housing market.

However, Andy highlighted the favourable conditions for those who did want to invest – and was not surprised the UK creates a new business every 75 seconds!

He said of Hull:

“Hull is an economic success story, if not one that is as widely told as it should be.  I am very grateful to Marketing Humber for enabling me to learn more about this story first hand by hearing about the experiences of local businesses.  The work of the Bank’s Agents in Yorkshire and Humberside means this conversation will continue, helping us understand how the economy is working”

Following Andy Haldane’s presentation, Bondholder delegates heard from Mark Wilcockson, British Business Bank and Joe Oughtred & Daniel Usifoh, Gateway Procurement.

Mark Wilcockson, British Business Bank joined us to explain the finance options available to support Humber businesses through the British Business Bank’s programmes including the £400m Northern Powerhouse Investment Fund (NPIF), Start Up Loans and the Enterprise Finance Guarantee.

Mark highlighted that the British Business Bank supports £1.02bn of finance to smaller businesses in Yorkshire & Humber, with over 4700 Start Up Loans, worth £41m being made in the region since September 2012.

Daniel Usifoh, Gateway Procurement, joined us to discuss the crucial role procurement plays in supporting, shaping and delivering business strategy.

“Procurement has transformed into an important value creating function,” Daniel told Bondholders. 

If you would like to find out more information regarding Bondholders, please contact Leahann Barnes, Stakeholder & Engagement Manager Leahann.barnes@marketinghumber.com.

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