Business London Press

To Help Fill Vacancies, More Diversity is Needed in Construction

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14/03/2023

To Help Fill Vacancies, More Diversity is Needed in Construction

From a wide range of backgrounds in South London, young people are being encouraged to become construction apprentices in an aim to fill the vacancies at sites across the city.

Thousands of roles need to be filled at building sites across London as research shows more than 4,000 jobs will need to be filled every year for construction projects to be completed on time.

A campaign has been launched in a bid to meet these ambitious targets by highlighting the wide range of jobs that are available to apprentices in construction. The campaign includes two virtual information events, which are taking place later this month.

The South London Partnership (SLP) campaign is seeing councils, colleges and businesses in South London working together to find the construction apprentices and tutors needed across the industry.

Shane Routledge-McDonald, 21, an apprentice site manager with the Berkeley Group working on the creation of 926 apartments at the iconic Prince of Wales Drive development in Battersea, said: “After school I wanted to be able to find a way to expand my education while learning something new, and an apprenticeship ticked all those boxes.

“Ever since I’ve been young I’ve had a keen eye for detail and I liked making floor plans for my parents. When I looked into construction, site management suited me and what I wanted to do for a career.”

Shane is studying at Farnborough College of Technology to learn the skills needed to create the Prince of Wales Drive development, which includes resident facilities such as a swimming pool, bar, karaoke room and cinema. Following up on why apprenticeships are a good route into employment, he explained:

“I’d encourage anyone to become an apprentice because you get paid and you can actually see the job getting done rather than being in a room and someone just talking to you about the subject. You also gain skills a lot faster, and looking to the future, I want to complete this apprenticeship and my NVQ and then work up the ranks to become a project director.

“When I wake up in the morning it always puts a smile on my face knowing that I’m not only doing a job I love, but I’m also making my family proud as well.”

Supported by the Mayor of London, the SLP initiative comes after research revealed that more apprentices and tutors are needed across the city.

The South London Partnership is a sub-regional collaboration of five London boroughs: Croydon, Kingston upon Thames, Merton, Richmond upon Thames and Sutton. Apprenticeships are available in hundreds of careers including as a 3D Visualiser, Gas Service Installer, Building Technician or a Glazier.

The Construction Industry Training Board (CITB) recently released its annual Construction Skills Network (CSN) report which shows that Greater London needs 22,800 extra workers by 2027 – that means an annual recruitment boost of 4,560 must happen.

Tutors from a range of backgrounds are also needed to help apprentices achieve the qualifications they need to progress in the construction industry. They will be responsible for providing the support needed for apprentices to develop their technical skills – as well as professional attributes such as communication, problem-solving and teamwork abilities.

The virtual events include one for anyone wanting information on becoming a tutor on March 27 at 5pm https://www.eventbrite.com/e/become-a-tutor-in-construction-find-out-more-tickets-576344861997 and one for apprentices on March 30 at 4.30pm https://www.eventbrite.com/e/apprenticeships-in-construction-find-out-more-tickets-576195144187

For more information email [email protected] or visit http://southlondonpartnership.co.uk/skills/mayors-construction-academy-hub/

Legislate Earn $3.6M to Provide Startups & SMEs the Technology to Query and Compare Every Contract

News Desk

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14/03/2023

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Legislate Earn $3.6M to Provide Startups & SMEs the Technology to Query and Compare Every Contract

UK-based Legislate today revealed it has added $3.6M in funding in a round led by Parkwalk Advisors, with contribution from Oxford Capital and several high-profile angel investors. Using its patented knowledge graph technology, Legislate provides companies with ontologies of legal terms, allowing anyone in the business to semantically search for information across an entire database of contracts. The company, which until now has focused on creating a solution for startups and scaleups, is using the funds to double down on UK sales and prepare for international expansion in 2023.

“For scaling companies, keeping track of terms across hundreds or thousands of contracts is a challenge that creeps up on you. Searching for basic information like contract start and end dates, or nuances in confidentiality terms across entire databases of contracts is painfully manual, or impossible. Before working with us, we know that some of our customers would spend weeks doing this” said Charles Brecque, Legislate’s founder.

“By allowing companies to create their own ontologies of terms and making them semantically searchable, we enable anyone in that business to search for information in contracts, even if they don’t have a legal background. That’s incredibly powerful for scaling companies where business teams need to review terms across hundreds of contracts quickly to understand exposure to risks”, he continued.

With Legislate’s technology, contracts are first made machine-readable, this subsequently allows all business users to easily compare, create, query, and sign every contract without the need for outside legal involvement.

In 2022 the company announced it had been granted its second US patent for semantic document generation, further enhancing its patented knowledge graph technology – ultimately benefiting Legislate’s customers. Customers primarily use Legislate for employment, consultancy, internal contracts, and terms of business agreements.

“We are delighted to have secured additional funding capable of helping us continue to drive innovation in this sector. The grant of our second patent last year has put our technology in an extremely strong position coming into 2023 – we’re making it easier for businesses of all sizes to create and manage complex contracts quickly and in a way that allows them to extract and aggregate data afterwards. We’re looking forward to what we can achieve this year as we focus on our sales capability”, commented Charles Brecque, Founder and CEO of Legislate.

“Legislate has developed a unique solution to simplify contracting for SMEs and mid-market businesses in a way that scales. We’re confident that they are well-positioned to take a significant portion of the market. Their focus on making contracts machine-readable is particularly impressive and we believe it has the potential to be a game-changer in the industry,” commented Claire Pardo from Parkwalk Advisors.

“We are proud to back Charles and the team in their mission to use tech to revolutionise contract creation and management. Investing in Legislate is investing in the future of machine-readable contracts. Their patented Knowledge Graph system sets them apart from other technologies and makes it simple for people without legal training to access contracts created by lawyers and manage them effectively,” commented Stephen Hampson, Investment Director at Oxford Capital.

For more information about Legislate, visit their website at https://legislate.ai/

British Muslim Organisations Partner Up For ‘Fast Money’ in Ramadan’s Charity Spirit

News Desk

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10/03/2023

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British Muslim Organisations Partner Up For ‘Fast Money’ in Ramadan’s Charity Spirit

Muslim Aid has partnered with Muslims in Rail to launch our ‘Fast Money’ campaign to raise money for victims of the earthquake in Turkey and Syria.

We’re calling on the UK to fast one day in Ramadan on 5 April on what we’ve declared to be ‘National Fast Day’ and give up your lunch money to feed fasting victims of the earthquake in Syria and provide emergency assistance to both Turkey and Syria.

Throughout the rest of the month, which will occur between 22nd March to 21st April, we ask that the British public donates what they’d pay for their coffee, lunch, or meal deal to the ‘Fast Money’ campaign.

In February, two deadly earthquakes of 7.8 and 7.6 magnitudes struck Southern Turkey and Northern Syria, killing at least 50,000 people. Muslim Aid, the second-oldest British Muslim charity that aims to serve humanity regardless of who they are and what they believe in, was one of the first to respond to this humanitarian catastrophe and is still on the ground helping victims rebuild their lives.

Muslims in Rail (MIR) is a national network of professionals drawn from leading rail and transport organisations and is committed to connecting, growing and inspiring people working or seeking a career in the rail industry.

The idea stemmed from the two organisations’ faith-inspired interfaith work to contribute to wider society indiscriminately and to unite the British public during one day of Ramadan for the good of humanity.

Since the start of the emergency last month, Muslim Aid has served nearly 10,000 people, providing fuel, food, blankets, water and sanitisation items.

“This is a great initiative to build a strong national community spirit for a great cause”, says Diana Alghoul, Muslim Aid’s Communications and Public Relations manager.

“We are proud of who we are and believe our Islamic ethos calls for us to be of service through unity, charity, and in this case, a lot of fun. We encourage everyone to try the fasting challenge or at the very least, be part of the spirit of charity that Ramadan brings in all of us and donate.”

Nasir Khan MBE, Co-Founder and Director of Muslims in Rail, says: “We are not living in a perfect world; economic distress, rising inflation and worsening geopolitical situation has created several constraints, but we are still privileged to have food, shelter, and health.”

“Our partnership with Muslim Aid means that we will be able to give back to those that are most in need. Bringing food to the disaster-stricken people of Syria and Turkey will help bring meaning to life, and create opportunities to nurture and strengthen our personal values.”

UK Economy Beats Expectations, Growth Up 0.3%

News Desk

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10/03/2023

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UK Economy Beats Expectations, Growth Up 0.3%

GDP grows 0.3% in January
This follows a decline of 0.5% in December
UK services sector rebounds, up 0.5%
Construction fell by 1.7%
Production fell by 0.3%

Jonathan Moyes, Head of Investment Research, Wealth Club said:

“The UK economy continues to beat gloomy expectations. Led by the dominant services sector, GDP growth of 0.3% was stronger than the 0.1% expected. This follows stronger than expected performance in 2022.

It may take a great deal more expectation beating data to shift the bleak expectations for the UK economy. However, a quiet, more optimistic, consensus does appear to be forming. The economic outlook is much improved, energy prices are falling sharply, China is reopening, and interest rate expectations have eased significantly.

All eyes will now turn to Jeremy Hunt and the spring budget next week. With a chorus of voices calling for some relief from the highest tax burden in living memory, will the Treasury spend this unexpected growth windfall?.”

BusinessLDN responds to GDP monthly estimate

News Desk

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10/03/2023

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BusinessLDN responds to GDP monthly estimate

Responding to the GDP monthly estimate, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:

“The date released today show that the economy is still stuck in the slow lane. The Chancellor needs to use next week’s Budget as the catalyst for sustainable economic growth. There are several low-cost measures that could provide an immediate boost, including reforming the apprenticeship levy to encourage greater take up and further devolution of regional pots of government funding so spending can be targeted where needed locally. The decision to end tax-free shopping, which is vital to attracting big spending international tourists, should also be reviewed.

“With strikes on the Tube and rail due to wipe out much of the working week, businesses and Londoners will also be hoping that both sides are edging closer to resolving this long-running industrial action which will inflict further damage on the economy .”

‘World first’ Plastic Free Bottles for Commercial Cleaning Products to be Released at London Trade Show

News Desk

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10/03/2023

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‘World first’ Plastic Free Bottles for Commercial Cleaning Products to be Released at London Trade Show

Innovative Biovate Hygienics is set to launch of one of the world’s first plastic free paper bottles for commercial cleaning products at a major London trade show.

The fast-growing start-up was co-founded last year by experienced environmental entrepreneur Nick Winstone with a mission to drive sustainable change in all markets that use cleaning products.

Their game-changing ‘Zero Compromise’ range – in which Biovate Hygienics has committed over £100,000 – features 500 ml ultra concentrates of floor and wall degreasers and washroom and multi-purpose cleaners.

The eagerly anticipated range will be officially unveiled by the company at The Cleaning Show. Biovate Hygienics is exhibiting on Stand D18 at the show, which is being held at ExCeL London from March 14 to 16.

The new products are all multi-tasking, taking care of 99% of cleaning tasks within a cleaning environment and they also use naturally derived bacteria, enzymes and plant-based actives for their primary cleaning power.

Although highly concentrated, the concentrates cleaning products are not corrosive and do not contain any petroleum derived ingredients. In their diluted form the products are not an irritant or classified in anyway.

Another UK first by ensuring only natural actives have been used, Biovate Hygienics is intending to submit the range to organic certification organisation, Ecocert, to be classified as natural eco detergents. The carbon footprint of Biovate Hygienics and its products are also undergoing certification by Neutral Carbon Zone using their gold standard. This ensures that the integrity of the products and their impact on the environment are externally validated by credible third parties.

Nick Winstone enthused: “In a time of economic hardship, we have ensured that the range is incredibly cost effective, amounting to just a few pence per spray bottle. Our multi-purpose cleaner concentrate 500 ml makes up to 250 spray bottles.

“Commercial cleaning products tend to have traditional fragrances, so we’ve launched the range with contemporary and sustainable perfumes such as Rhubarb Multi-Purpose Cleaner, Mandarin Floor & Wall Degreaser and our Rhubarb Washroom Cleaner.

“Our plastic-free bottle is made in the UK using sustainably sourced vegetable waste fibre paper pulp. This makes the bottle not only plastic free but it’s also created using materials that would otherwise be discarded. This sustainable sourcing also means that no trees were cut down in the production of our new bottles, helping to reduce waste and decrease our carbon footprint”.

The bottle’s interior features a bio liner that protects the inside, preventing contact with Biovate’s liquid cleaning products. This coating is made from natural pure plant sap latex while the outer case is infused with natural seaweed extract for added water resistance and helping to break down the paper fibres quicker, if composted.

Nick added: “Paper is more easily recycled than plastic and breaks down naturally when composted without creating harmful micro plastics. In contrast to plastic that can only be recycled up to six times in most cases, our unique plant-based paper bottle can be recycled indefinitely or composted, allowing two alternative means of disposal.

“With 91% of UK waste plastic not currently recycled but over 75% of paper waste recycled effectively, this is a ground-breaking”.

The paper can be easily pulped in most recycling centres and the natural coating comes away and is used within the organic waste stream for composting back to nature. The bottle has been designed to be recyclable or compostable, while its screw neck and cap are made of Moso Bamboo that breaks down easily and can also be recycled.

“Being a pioneer of biological products 15 years ago and having been out of the FM sector for three years, we wanted to ensure that our new range for the Cleaning & Hygiene sector was as pioneering as bacteria-based cleaning was all those years ago,” stressed Nick. “We spoke to cleaning operatives, managers in cleaning businesses and distributors and we kept on hearing the same thing, namely that the industry wants to eliminate chemicals and plastic from their cleaning practises. However, it was also clear that the products still needed to smell good, work better and cost no more than the chemicals they were replacing. After this extensive feedback we are delighted to unveil our Zero Compromise range”.

Biovate Hygienics, which is based near Towcester, Northamptonshire, has recently completed a successful first year of trading with more than £2 million in sales achieved. The company primarily focuses on providing bio products to housekeeping, hospitality, care and general cleaning sectors.

Building for the future: new campaign to fill construction roles in South London

News Desk

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10/03/2023

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<strong>Building for the future: new campaign to fill construction roles in South London</strong>

The South London Partnership (SLP) is launching a campaign to find apprentices and tutors to help boost the construction trade across South London, as UK labour vacancies reached a record 48,000 in 2021.

Supported by the Mayor of London, the SLP has created the initiative after research showed the construction industry has a shortage of apprentices and tutors. The campaign includes two virtual information events, which are taking place later this month.

Last month the Construction Industry Training Board (CITB) released its annual Construction Skills Network (CSN) report which shows that Greater London needs 22,800 extra workers by 2027 – that means an annual recruitment boost of 4,560.

The SLP is a sub-regional collaboration of five London boroughs: Croydon, Kingston upon Thames, Merton, Richmond upon Thames and Sutton. The SLP will work alongside Wandsworth Council, South London businesses and colleges to deliver this campaign.

Councillor Gareth Roberts, Leader of Richmond Council and Chair of the South London Partnership said:

“South London is a great place to live, but like other parts of London, provision of good quality, affordable and sustainable homes is a priority. Whether this is building new homes or retrofitting existing housing stock, we are predicting an even greater demand on the construction workforce.

“There is a wide range of apprenticeships on offer locally, which give young people a pathway to good quality careers in the industry. And for those further on in their career, tutoring provides a great opportunity to take those years of knowledge and experience and put their skills to use in a different way and help nurture the next generation of the workforce.”

A survey of 1,000 people conducted by UK Construction Week (2022) noted several barriers to young people pursuing a career in the industry. This included it being seen as a ‘dirty job’ (23 per cent), a lack of careers advice (19 per cent), and the sector being seen as male-dominated (15 per cent).

Shakir Kikomeko, 21-years-old, is an apprentice site manager working on one of South London’s biggest projects while studying one day a week at college.

“Most of my friends have gone to university, but I felt it wasn’t for me as I was keen to earn money and get started in a career. Sometimes you can feel unsure about asking questions, but you soon learn that there’s no such thing as a stupid question. When doing an apprenticeship you are surrounded by people that have been in the construction business for 20 or 30 years and there isn’t anything they don’t know.”

A recent study by The Financial Times on behalf of the Association of Colleges found that 85 per cent of colleges across the UK were understaffed for construction courses, with the lack of tutors contributing to a sector-wide shortage of construction workers.

Kevin Williams, 54, worked as a self-employed plumber for 20 years before becoming a lecturer and assessor at South Thames College. Kevin, who himself was an apprentice, said:

“It’s seeing the students grow and learn that really drives me. You can literally see the passion and determination in their faces to learn and succeed.”

The virtual events include one for anyone wanting information on becoming a tutor on March 27 at 5pm https://www.eventbrite.com/e/become-a-tutor-in-construction-find-out-more-tickets-576344861997 and one for apprentices on March 30 at 4.30pm https://www.eventbrite.com/e/apprenticeships-in-construction-find-out-more-tickets-576195144187

For more information email [email protected] or visit http://southlondonpartnership.co.uk/skills/mayors-construction-academy-hub/

The Cheapest and Most Expensive Counties for a Pint of Guinness this St. Patrick’s Day

Food & Drink

News Desk

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10/03/2023

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<strong>The Cheapest and Most Expensive Counties for a Pint of Guinness this St. Patrick’s Day</strong>

St. Patrick’s Day is one of the most lively and entertaining festivities in the calendar, and an opportune time to celebrate everything Irish. However, the cost of living crisis means that we are all as eager as ever to save our money.

During this time, saving your money while out celebrating St. Paddy’s Day doesn’t have to be a complicated process. A large price difference can be found simply in the different areas, pubs and bars where you can get a pint of Guinness. As a result, just changing the place or pub you choose to party at can save you a fortune.

We’ve done the research so you don’t have to. With our interactive maps and convenient table, we have put together easy-to-understand data to show you the cheapest places where you can get a Guinness from across the country.

If you’re looking for the best value places to get a pint of the black stuff, check out this guide from Love Discount Vouchers, the home of discount, voucher and promo codes.

In our research, we have taken the time to put together the prices at which several different bars and pubs within an area serve their Guinness and have used this to create an average per region. In total, we asked over 250 pubs how much their Guinness costs for a fully in-depth survey.

As a result, you can take a look at how Greater London compares to other regions within its average Guinness price. We think the result is particularly interesting!

If you take a look at our full article, you’ll be able to see some fascinating results. You’ll be astounded to hear that the cheapest pint of Guinness you can find in the country is in Halifax in the Barum Top Inn. Alternatively, the most expensive we found was in Rutland at The Olive Branch.

From this result, you may have predicted that there is a particular trend you can notice when it comes to the north and south of England. Generally, the north of England boasted the counties with the best Guinness prices with County Durham, Staffordshire and Merseyside being the cheapest. On the costlier side, East Sussex, Hampshire and Greater London further south were the areas you could find the most expensive Guinness.

However, you can find exemptions to the rule. In Llandudno, The King’s Head had a particularly eye-watering price for an otherwise cheaper UK region. On the other hand, The Royal Oak in Didcot had a fairly reasonable price in a region where otherwise it can be hard to find a cheaper pint.

As well as the previously mentioned Barum Top Inn, these were some other pubs in the UK that caught our eye with their fantastic low-cost Guinesses:

The Kings Arms – Barrow-In-Furness
The Stag and Monkey – Hartlepool
The Bull Rugby – Rugby
Gleesons – Holyhead
Molly Malone’s – Glasgow

To find out in further detail about the cost of Guinness across the UK and see the prices for yourself, take a look at our article to find out more.

Adrian Yearwood, Director at Love Discount Vouchers, said: “As such a wonderful celebration, St. Patrick’s Day shouldn’t be a day where you end up spending a fortune. Using our research, save your hard-earned money by choosing the best value pubs and bars with us!”

Wealth Club introduces new share portfolio service, managed by Charlie Huggins, former manager of the £300+ million HL Select UK Growth Shares Fund

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News Desk

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09/03/2023

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Wealth Club introduces new share portfolio service, managed by Charlie Huggins, former manager of the £300+ million HL Select UK Growth Shares Fund

Wealth Club today announces the launch of its new service: the Quality Shares Portfolio, a discretionary portfolio of global shares managed by Charlie Huggins.

Charlie previously managed the £300+ million HL Select UK Growth Shares Fund, which generated a total return of 64.7%, versus 38.7% for the peer group (ranking the fund 26th out of 209 funds in the sector) in his five-year tenure (from launch to Dec 2021).

The Quality Shares Portfolio is not a fund, so there are no constraints, quarterly performance targets nor imperatives not to stray too far from a benchmark. Charlie’s decisions are solely driven by where he sees the very best long-term growth opportunities, in the UK, North America and Europe.

The result is something markedly different from anything else an investor might hold: a high-conviction, global portfolio of 15-20 exceptional businesses picked for their resilient business models, deep competitive advantages, exceptional cash generation and strong culture.

Charlie Huggins, Head of Equities at Wealth Club said: “We’ve called this the Quality Shares Portfolio because that’s exactly what investors get. A small number of exceptional-quality shares chosen and managed by me, with a significant portion of my own money invested alongside theirs.”

“The companies I’ll invest in provide critical goods and services such as chemicals for premium skin creams, data that insurers and lawyers rely on every day to make decisions, and even employee card/badge readers. They’re the type of businesses where you can bury the share certificate, dig it out 10 years later, and find the profits and cash flows are materially higher. Or at least that’s what I hope. Companies like this are few and far between. I’ve rejected hundreds of good ideas, to focus on the very best. And I’ve been totally uncompromising – fewer than 20 have made it into the portfolio.”

“The Quality Shares Portfolio will deliver an unrivalled level of transparency and service to clients. I’ll communicate with investors regularly, discussing what’s worked and what hasn’t. They will see every share in the portfolio and I’ll explain why I invested.”

Alex Davies, CEO and Founder of Wealth Club said: “Charlie is one of the most talented fund managers I’ve come across. I have known him for 12 years: I gave him his first job at HL fresh out of Oxford University and have been waiting for an opportune time to work with him again. After a year of behind-the-scenes work, I’m delighted the portfolio is now ready and I am investing a significant amount of my own money.”

“In an investment landscape dominated by closet trackers, often too focused on what’s trendy right now or what might make the fund look good at the next quarterly review, Charlie’s approach is a breath of fresh air.”

His style embraces patience, common sense and simplicity, cutting out market noise and focusing on the culture of an organisation. Rather than drowning out the performance with a typical 50 or so companies, Charlie will be concentrating on 15 to 20 truly exceptional ones which could provide equally exceptional long term returns. The result is something unlike any other investment you own.”

About the Wealth Club Quality Shares Portfolio

The Wealth Club Quality Shares Portfolio is a high-conviction portfolio of 15 to 20 shares chosen by Charlie Huggins, Wealth Club’s Head of Equities, to deliver long-term capital growth. The portfolio will invest in North America, the UK and Europe.

The portfolio won’t look like a typical fund – and that is by design. The table below outlines the key differences:

What you get with most funds	What you get with this portfolio
Excessive diversification (50+ positions)	High conviction (15-20 positions)
Short-term decision making	A patient, long-term approach
Same names – e.g. Amazon, Alphabet, Unilever	Many niche, under-the-radar market leaders
Benchmark and liquidity constraints	Very few restrictions
Top 10 holdings with limited commentary	Every holding, regular communication
Units in a unit trust or OEIC	Individual shares

The Quality Shares Portfolio can be held in an ISA and General Investment Account, and is exclusively available through Wealth Club. Clients can invest lump sums or make transfers from other providers. The minimum investment is £10,000.

The details

Type:

Discretionary Share Portfolio

Minimum investment:

£10,000

Geography:

Global

Initial charge:

Nil

Annual custody charge:

0.25%

Annual management charge:

1%

Next deadline:

22 Mar 2023

About Charlie Huggins

Charlie joined Wealth Club in April 2022, after working for over 10 years at Hargreaves Lansdown, including five years as a fund manager. He was the lead-manager on the HL Select UK Growth Shares Fund and co-manager on HL Select UK Income Shares (from launch to December 2021).

Under his tenure, HL Select UK Growth Shares delivered a total return of 64.7%, versus 38.7% for the IA UK All Companies sector, ranking the fund 26th out of 209 funds in the sector.

Prior to managing funds, Charlie worked as a Fund Research Analyst. He is a CFA Charterholder as well as holding the Investment Management Certificate (IMC) and a diploma in regulated financial planning. Charlie studied Biochemistry at Oxford University, gaining a First Class Master’s Degree.

Graphical user interface, chart, line chartDescription automatically generated

Annual Performance Growth	01/12/2016-01/12/2017	01/12/2017-01/12/2018	01/12/2018-01/12/2019	01/12/2019-01/12/2020	01/12/2020-01/12/2021
HL Select UK Growth Shares (Acc)	22.0%	2.2%	15.6%	1.7%	12.2%
IA UK All Companies	15.3%	-3.2%	12.4%	-6.3%	18.0%

Past performance is not a guide to the future. Performance is shown net of fees on a bid-to-bid basis, with dividends reinvested. Source: Morningstar, 01/12/2016 to 01/12/2021. Charlie managed the fund from launch until he resigned in the latter part of 2021.

Equitus and Luxfer Gas Cylinders extend sustainable transport deal

News Desk

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09/03/2023

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Equitus and Luxfer Gas Cylinders extend sustainable transport deal

“Equitus’ expertise in this area is second to none and we’re pleased to announce that we will continue to work with them.

Equitus Design Engineering and Innovations has strengthened its grip in the sustainable transport sector after landing a renewed contract with Luxfer Gas Cylinders Division of Luxfer Holdings PLC (NYSE:LXFR).

The company is supporting Luxfer Gas Cylinders with the design of numerous systems it is currently developing for sustainable transport sector clients.

HVS, Van Hool, Iveco and Tevva Electric are among Luxfer Gas Cylinders’ client base.

Equitus, a London headquartered design, engineering and innovation company with bases in Manchester and Bangalore, is continuing its 3D modelling, CAD Design and Finite Element Methods based structural mechanics assessments to support Luxfer Gas Cylinders on this growth trajectory.

Kevin Gilbert, Design Manager at Luxfer Gas Cylinders, said: “Equitus’ expertise in this area is second to none and we’re pleased to announce that we will continue to work with them.

“A greener world for future generations is part of Luxfer’s core objectives during what is an exciting period for sustainable transport.”

Luxfer Gas Cylinders works with multiple commercial vehicle manufacturers around the world to supply industry leading hydrogen cylinders while also designing hydrogen fuel systems.

It has an 80-year legacy in gas containment, has manufacturing facilities in California, Canada and China and boasts a specialist and expanding alternative fuel facility at its Colwick, Nottingham operation.

Raam Shankar, Equitus CEO and Founder, said: “We’re delighted, after a successful start to our partnership, to have agreed a renewal with such a reputable organisation.

“Luxfer Gas Cylinders is dedicated to bringing forward a brighter future for sustainable transport and mobility and Equitus is committed to helping them achieve this.

“Our work aligns with five United Nations Sustainable Development Goals and we look forward to closely working with the amazing people at Luxfer Gas Cylinders and their excellent client base.”

Raam Shankar is available for comment on topics including;

Sustainable transport
Aviation
Manufacturing
Supply Chain
The future of engineering

To find out more and visit his profile click here

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