Business 23 July 2014

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Business Bristol Post, Special Report. Take-off for Airbus. Company enjoys its best ever performance at the UK's biggest trade airshow as sector soars - see page 11.

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<ul><li><p>2EPB-E01-S3</p><p>Businesswww.bristolpost.co.uk</p><p>Company enjoys its best ever performance at theUKs biggest trade airshow as sector soars</p><p>TAKE-OFFFOR AIRBUS</p><p>SPECIAL REPORT</p><p> see page 11</p><p>162014JUL</p><p>DONT MISS OUT</p><p>SMEs chance to apply for shareof 5m in LEP funding p2</p><p>MOMENTS IN TIME</p><p>Time-lapse photography firmcaptures key patent p5</p><p>RIPPLE EFFECT</p><p>Marina transformationpowers town growth p8&amp;9</p><p> Airbus graduate Zainab Hassan isexcited about the new A350 XWB</p></li><li><p>EPB-E01-S3</p><p>EPB-E0</p><p>1-S3</p><p>2 We d n e s d a y, July 23, 2014 3We d n e s d a y, July 23, 2014 w w w. b r i s t o l p o s t .co.uk/businessw w w. b r i s t o l p o s t .co.uk/business</p><p> Technology firm XMOS makes multi-core processor chips</p><p>AFIRM that designs micropro-cessors has secured morethan $26 million (15 million)of investment from somemajor technology players in-cluding Bosch and Huawei.XMOS was originally a spin-off</p><p>from Bristol University and now em-ploys about 40 people at its WineStreet headquarters and another 30around the globe.The company designs multi-core</p><p>microprocessors used in devices ran-ging from headphones to lawn-m owe r s.This big investment will allow the</p><p>firm to develop future generations ofits processors, which it hopes will beused in even more devices.XMOS chief operating officer Mark</p><p>Lippett said the firm made platfor mtechnolog y.He said: Sony has been using our</p><p>technology in the audio space; wealso have customers using the samechips in laser etching devices androbotic spiders.</p><p>These are very flexible processorsand have a breadth of reach acrossmultiple markets.</p><p>Our strategy to build on thatbroad base and we are very am-b i t i o u s. He said the company would be</p><p>taking on staff, but would not besplashing its cash recklessly.Mark said aside from the cash, the</p><p>investment was a great signal toother potential customers.</p><p>These [investors] are three im-portant companies which feel con-fident enough to put money behindu s, he said.Both Huawei and Bosch Group are</p><p>both potential customers for XMOS.The former is a Chinese-based ITsolutions firm which recently an-nounced plans for a research centrein Bristol. The latter is best knownfor its sound equipment from hi-fis toheadphones but is also a leading sup-plier of technology for the automot-ive, building and energy industries.The third new investor is Xilinx</p><p>Technology Ventures, the investmentarm of Silicon Valley-based Xilinx,which works in a similar sphere toXMOS.</p><p> VWV managing partner Simon Heald and Midas executive director Derek Quinn at Narrow Quay House</p><p>D eve l o p m e n t Te c h n o l o g y</p><p>Midas touch as buildinggets dramatic new lookA CITY centre office building isundergoing a dramatic 7.3 millionre f u r b i s h m e n t .Bristol-based building firm Midas</p><p>is undertaking the overhaul of Nar-row Quay House, which was sittingempty in Bristols Harbourside.The plans involve expanding and</p><p>modernising the building, creating aglazed atrium.The building, which spans 58,000</p><p>sq ft, is owned by investment firmStandard Life Heritage With ProfitsFund but it isVeale Wasborough Vis-ards which will be leasing most ofthe space once it is finished.The law firm has outgrown its city</p><p>centre spot and will be moving its 250staff in, plus have room to grow.Managing partner Simon Heald</p><p>said: Narrow Quay House willprovide the space we need to supportour future growth. Whilst support-ing our objectives of retaining a citycentre location, a great working en-vironment on the waterfront, andbeing accessible to staff and cli-e n t s. Work began in May and is due to</p><p>finish in spring 2015.</p><p>G row t h</p><p>SMEs chance to apply for share of5m in fresh round of LEP funding</p><p>SMALL and medium sized busi-ness in Bristol can apply for ashare of 5 million for projectsthat will create jobs... but theyneed to be quick as the cashhas to be spent by April next year.The money is available from the</p><p>West of England Local EnterprisePar tnerships Growth Fund.More than 300 companies have</p><p>already successfully applied forgrants in the first two rounds of fund-ing, the first of which was supportingby the Bristol Post Going for Growthcampaign.But with around 5 million of the</p><p>original 25 million pot still available,new applications are being accepted.</p><p>Funding manager Antony Corfieldsaid: The first two rounds of the Westof England Growth Fund have en-abled us to award funding to a wholerange of businesses to help with cap-ital investment, job creation and re-search &amp; development.</p><p>The 25 million has to be spent byApril 2015 otherwise it goes back tothe Government, so weve launched athird round to make sure we get asmuch out to local companies as pos-sible before then.The Growth Fund aims to bring</p><p>about new jobs and to lever privatesector investment with the promise ofmatch funding. The fund is itself fin-anced from the Governments Re-gional Growth Fund, designed to kickstart projects to boost the economyacross the UK.The money is for schemes that</p><p>would not otherwise have been pos-sible, or would have taken longer to</p><p>come about.Grants of 10,000 to 80,000 in this</p><p>latest round can be used by small andmedium sized firms towards capitalinvestment such as new premises orequipment; research and develop-ment; training; employing disabledor disadvantaged workers; and sup-</p><p>porting women entrepreneurs tostart a business.But as the money has to be used on</p><p>projects in this financial year, theclock is ticking.Antony said: We re into the last</p><p>nine months of this particular fundnow, so were keen to get fundingallocated to businesses as soon aspossible, to ensure they have time tospend it before April 2015.</p><p>We have a funding team here tohelp companies with both the ap-plication and the claims process. Ifyou have a project that you thinkmight be eligible for funding, pleaseget in touch with us.Businesses can email the funding</p><p>team on growthfundapps@west-ofengland.org or call them on 0117 9036207.Or visit the website w w w. w e s t -</p><p>ofenglandlep.co.uk/we gfr3 wh i chgoes live today for more details.</p><p>Film production</p><p>Company that recycles film sets moves into city site</p><p>Hackathon looks toimprove takeaway app AN online takeaway service isgiving people access to itstechnology to play around and see ifthey come up with any great ideas.Just Eat, which is opening a</p><p>research centre in the city, is holdinga hackathon at the Engine Shed allday Saturday, starting at 8am.Bristols tech talent are invited to</p><p>use the firms programminginstructions and look for ways ofimproving its app. Ideas fromprevious events have been used byJust Eat, including using near fieldcommunication-enabled posters.Chief technology officer, Carlos</p><p>Morgado, said: The regularhackathons weve been running atour central London offices areessential to our innovation process,enabling us to learn from those bothinside and outside the company.</p><p>Now, with our new technologyinnovation hub in Bristol, we canaccess the brilliant pool of techtalent based throughout the SouthWest. Im looking forward to seeingthe results from the day.Anyone taking part gets a 20</p><p>voucher and the best idea wins aradio-controlled drone. Registeronline at w w w. m e e t u p . c o m /J U S T- E AT- B r i s t o l / e v e n t s /194104862/.Inward investment agency Invest</p><p>Bristol &amp; Bath worked with the firmon its move to the city.</p><p>Firm wins contract tosupply energy plant A BEDMINSTER firm has won acontract to supply a control systemfor a new waste energy plant.GPS, which employs 80 people,</p><p>will supply the technology to ImtechWater for the anaerobic digestionplant being built by Tamar Energy inH e r t f o rd s h i re .GPS motor control centres will</p><p>monitor and control mixing,pre-treatment and the digestionprocesses used to produce biogasfrom food waste.The firm previously made a similar</p><p>system for Wessex Water to use atits Avonmouth treatment plant.</p><p>Te c h n o l o g y</p><p>Te c h n o l o g y</p><p>Microprocessor firm wins 15minvestment from major players</p><p>A GREEN film set company is thelatest business to move into the BottleYard film studios in Hengrove.More and more film and television</p><p>projects are being shot at the formerbottle plant and as a result an eco-system of businesses is beginning tobuild up around it.The latest firm is Drsd, an in-</p><p>novative company that clears setsand then re-uses, recycles or sells onthe materials to production houses,interior designers and charities.It also offers event production and</p><p>office re-fit services making good use</p><p>of its salvage haul. It is based atPinewood Studios with awarehouse in Essex butfounder Lynn McFarlane(p i c t u re d ) said it alwayshoped to set up regionalb a s e s.</p><p>It's always been ourintention to have re-gional bases located con-veniently around the UKto service the demands ofour customers, she said. Soto open a new centre at The BottleYard Studios so soon after moving</p><p>into our new headquarters isheartening for us as a busi-</p><p>ness, and also speaksvolumes about the grow-ing demand amongstour domestic broadcastindustry to deliver sus-tainable productionsfrom concept to wrap.Fiona Francombe,</p><p>managing director of TheBottle Yard Studios added:</p><p>We re so pleased to welcomeDrsd to our growing production</p><p>h u b.</p><p>Sustainability in the broadcast in-dustry is something we care deeplyabout, and having Drsd on site per-manently is a great boost to the stu-dios ongoing drive to reduce waste.</p><p>Departing productions will beable to send less waste to landfillwhilst incoming productions willhave the chance to benefit from whatis left behind by others.</p><p>Its a win-win situation and onethat helps us to reduce our carbonfo o t p r i n t . In 2012-3, Drsd recovered and re-</p><p>used 396.2 tonnes of film set waste.</p><p>Assistant Editor (Business)Gavin Thompson</p><p>Call 0117 934 3336Email gavin.thompson</p><p>@b-nm.co.ukTwitter @gavin_thompson1</p><p>Get in touch</p><p>Writer Rupert JanischEmail business@b-nm.co.uk</p><p>Advertising RobertRodgerson</p><p>Call07828 941469Email ro b e r t . ro d g e r s o n</p><p>@b-nm.co.uk</p><p>Advertising JaneChapmanCall 01179 343025Email jane.chapman@b-nm.co.uk</p><p>Advertising ShamaAbokor, RegionalBusiness Account</p><p>ExecutiveCall 0117 934 3426</p><p>Emailshama.abokor@b-nm.co.uk</p><p>ciple at Robert Bosch Venture CapitalGmbH who will be joining the XMOSboard, described the firm as one ofthe most exciting young semicon-ductor companies around today.He said: We see a huge potential</p><p>for their intelligent multi-core tech-nology in various sectors of our par-ent company.Steve Chu, chief strategy officer</p><p>and vice President at Huaweis sil-icon division, added: We have a veryhigh regard for the team at XMOSand will be working closely withthem on a number of exciting newp ro j e c t s. And despite the extra cash in the</p><p>coffers, Mark said the firm wouldcontinue to be run on a sound busi-ness footing.</p><p>Its about finding the right staff forp ro j e c t s, he said, adding: We arewell embedded in Bristol and drawtalent from around here.</p><p>Without that pool of talent wewould not be able to do what we do.</p><p>Gavin ThompsonAssistant Editor (Business)gavin.thompson@b-nm.co.uk</p><p>Foreign investment creating hundreds of jobsINVESTMENT from foreign com-panies is creating hundreds jobs inBristol.Overseas firms made 27 direct in-</p><p>vestments in the area, West of Eng-land area last year, creating 648 jobs,according to new figures released byUK Trade and Investment.The total is up 450 per cent from</p><p>the 161 jobs created two years earlierin 2011/12.The economy has recovered in that</p><p>period but it has also seen the cre-ation of Invest Bristol &amp; Bath, whichis tasked with bringing investmentto Bristol, North Somerset, SouthGloucestershire and Bath and NorthEast Somerset.Matt Cross (p i c t u re d ), head of the</p><p>organisation, said he was d e-</p><p>lighted and that the local figureshad made a substantial impact on thenational performance.He said: Our strategy is focused</p><p>on attracting new investment thatcreates jobs in the Bristol and Bathre gion.</p><p>We work closely with industryexperts to gather important insightsso that we can generate rich in-vestment propositions targeted atthe most appropriate investors.</p><p>This approach has been critical inour recent success in attracting somuch high quality investment to there gion.</p><p>We are very pleased with ourachievements to date and are wellpositioned to make further progressas the economy and our capability</p><p>i m p rove.It is clear we are now making a</p><p>meaningful impact on the na-tional foreign direct in-vestment picture.Across the UK, the</p><p>number of projects at-tracting foreign dir-ect investment rose14 per cent from2012/13 to 2-13/24.Projects in this</p><p>area during that timei n cl u d e : Somo, the worldsbiggest mobile solutionscompany, which has set up aspecialist engineering centre at theEngine Shed, Temple Meads. Specialist software firm Kanios,</p><p>based in Belfast, opening a new officein Bristol.</p><p> Asian automotive manufac-turing firm Sanoh openinga new site int he city.</p><p>On the national pic-ture, Prime MinisterDavid Cameron said:This Governmentwill continue to workon behalf of everyhardworking busi-ness in the UK todrum up trade, encour-</p><p>age investment and pavethe way for growth so we</p><p>can generate jobs, pay ourway in the world, and create stability,security and a brighter future for ourc o u n t r y. </p><p>Derek Quinn, executive director atMidas Construction, described it as af antastic project that would trans-form a very prominent commercialbuilding in the centre of the city.He said: The logistics of carrying</p><p>out the internal renovations arechallenging and involve a lot ofcareful planning, with a complexsteel frame installation needing tocome through the front entrance andbe erected within the building tocreate the extra floor space, for ex-a m p l e.</p><p>The existing faade will be re-moved from the outside of the build-ing and a dramatic new designcreated, with a double height en-trance to Princes Street.</p><p>The development is of a very highquality, with our client and ourselvesworking closely with AWW Archi-tects to create an extremely high-endoffice development to benefit Bristolcity centre.Standard Life fund manager Will</p><p>Fulton said the investment wouldimprove the public realm and addedthe firm was delighted to have ahigh-profile tenant.</p><p>Opportunity to makeyour voice heard THE Bristol Post wants to hearthe views of small andmedium-sized businesses.Last year the Post teamed up with</p><p>business advisers BDO to launchthe Business Pulse survey.We have already reported some of</p><p>the findings from the first surveycarried out in the spring.Now we are looking for the</p><p>owners and managers of such firmsto take part in the second survey,focusing on sustainability, the role ofthe mid-market in the economicrecovery, and apprenticeships..Post assistant editor (business)</p><p>Gavin Thompson said: OurBusiness Pulse has the ear of theleaders, influencers and decisionmakers in the Bristol area.</p><p>Taking part is a not-to-be-missedchance for the business communityto make its voice heard.</p><p>Business Pulse</p><p>As strategic investors the compan-ies will more than likely leave XMOSto get on with developing newproducts, recognising that new com-</p><p>panies are often more agile when itcomes to development and ideas, butcash in on the profits.Hongqua...</p></li></ul>