I think your comments echo what's happening in many organisations and institutions.
SWMBO made a comment this morning which was bang on the nose.
Every organisation at the moment seems to be rushing to do at least something. As she said, a token effort for fear of not being seen to be on board.
Token is a very small step from tokenism, and that is a very bad place to be. Like, a 30-50 years ago place to be. It's not progress.
The sad part of this is, for the 'tokens', if I may put it like that, it's also a bad place to be. Take the new presenter of A Question of Sport, for instance. Has it been Alex Scott, many people would only have seen her colour because at the moment we're being battered with colour. She'd have ended up in a position where her credibility was shot before she even started.
That's not progress.
Take the army; the individuals within, including the BAME individuals, just get on with stuff. I can't see that the BAME guys (other gender-something descriptions are available) are chuffed to be constantly shoved to the front in PR photos.
PC for whatever reasons is running riot at the moment and the government's eye** is really off the ball*.
*Other objects are available. 'Ball' should not be taken to be representative of outdated patriarchal construct.
**Eye should not be taken to exclude those who are sensory impaired.
I just got this through to my work email. Its full of woke b0ll0cks. I've just unsubscribed after reading the first paragraph and its tailed with more BLM b0ll0cks.
FFS
Sound of Victory
Friday, 6 November 2020
Dear Simmerit,
Barring a
Pastor Paula White-Cain induced miracle, Joe Biden will be the next President of America. Many US entrepreneurs seem to be on the verge of celebrating –
particularly immigrant entrepreneurs – but a case can be made that UK entrepreneurs will also be better off with someone else in the White House. In fact, our
Adviser Andrew Dixon does just that in a
City AM debate:
“Over the last four years, time and time again, Trump has undermined global cooperation — in everything from pulling out of the Paris Climate Agreement and the Global Compact for Migration, to his sustained efforts to weaken the WTO and Nato. Trump’s populist “America First” approach to international relations has undermined the prospects for global trade — and directly impacted British businesses.
After the pandemic has been defeated, huge global challenges will remain — from the demographic (such as ageing western populations and rising regional and intergenerational inequality) to the technological (like the rise of artificial intelligence, automation, under-employment, the power of Big Tech and the appropriate antitrust response).”
A fair COP
On Monday we released
Green Entrepreneurship with the Enterprise Trust. We launched it to coincide with when COP26 was supposed to take place in Glasgow, but we want it to influence the environmental policy agenda between now and next year's meeting.
Innovation has been key in the UK’s success over recent decades. As Business Secretary Alok Sharma
explained this week: “Over the last 30 years, the UK economy grew by 75%, and yet we also cut our emissions by 43%. We were the first major economy to legislate for achieving Net Zero emissions by 2050.”
Despite positive action by multiple governments, the report argues that incentives still aren't aligned as well as they could be to spur entrepreneurs to innovate. I won’t go through all twenty recommendations, but one of my favourites is perhaps broadest and something we have argued for in the past: making the Annual Investment Allowance unlimited.
The Annual Investment Allowance allows businesses to write-off the costs of new plants and machinery, but currently those who exceed the limit have a reduced incentive to invest in energy efficiency. The report also suggests further thought could be given to broadening out the qualifying lists.
As I write in Forbes, Green Entrepreneurship also has some inspiring case studies of UK entrepreneurs whose innovations will help the environment. Businesses like Too Good To Go, the Uber for unwanted food; Electron, whose platform helps optimise the network capacity for renewable energy; Ryse Hydrogen, which is at the forefront of Britain’s green hydrogen industry; and Saturn Bioponics, which uses fewer resources by growing food vertically in 3D hydroponic towers.
If you want to find out more, we also have a couple of events to launch the report with Bim Afolami MP and Luke Pollard MP that you’re welcome to attend.
Green Entrepreneurship Conservative Party Launch – with Bim Afolami MP
19 November 2020
10am to 11am
Register
Bim Afolami is Member of Parliament for Hitchin and Harpenden. More speakers tbc.
Green Entrepreneurship Labour Launch – with Luke Pollard MP
2 December
11am to 12am
Register
Luke Pollard MP is Shadow Environment, Food and Rural Affairs Secretary. More speakers tbc.
Serious relief
UnLtd has asked us to share details of a new fund they have opened to support England’s social enterprises recover from COVID-19. Supported by Comic Relief and match-funded by DCMS, the £4.75 million Inclusive Recovery Fund will offer grants of £10,000 to £500,000 to social ventures across England who are creating a deep and lasting impact for the most vulnerable. Find out more
here.
SVC2UK
Silicon Valley Comes to the UK (SVC2UK) is returning this year with a digital summit. It runs from Monday to Thursday next week, and I’ll be chairing an event on Tuesday.
Attendees will hear from leading US tech entrepreneurs alongside British innovators. Ecosystem leaders, investors and founders from across Southeast Asia, China and India’s tech hubs will also join the conversation for the first time.
Speakers include Michele Romanow (Clearbanc), Alex Scott (BBC/Sky and Arsenal), Michael Acton Smith (Calm), David Rosa (Neat) and Check Warner (Ada Ventures). You can register
here.
Our Next Webinars
Wine Club
As mentioned last week, we've pivoted our Adviser Dinners into a Wine Club. We have
George Freeman MP,
Dr Alan Whitehead MP,
Chi Onwurah MP and
Nadhim Zahawi MP lined up. Advisers will get their invitations on Monday. You can find out more about becoming an Adviser
here.
The Future of Visas and Immigration with Kevin Foster MP
24 November 2020
10am to 10.45 am
Free
Find out more
Hear from Kevin Foster MP, Minister for Future Borders and Immigration, and Nicolas Rollason, Head of Immigration at Kingsley Napley
Female Founders Forum – Cementing your Story
1 December 2020
10am to 11.30am
Free
Find out more
Exploring how to hone in on and adapt your business narrative during the Covid-19 outbreak.
News and Views
Furlough was extended and SEISS grants were boosted –
read all the details in our latest policy update
Pressure grows to support excluded self-employed
More than £1.1bn worth of fraudulent Bounce Back Loans were rejected
“President Trump’s executive order restricting entry of temporary foreign workers to the United States
negatively affected the valuation of 471 publicly traded Fortune 500 firms by an estimated $100 billion”
Extend VC’s diversity beyond gender report analyses the extent of the UK funding gap to understand if bias beyond gender exists in the UK venture capital market and what opportunities lie ahead to make access to innovation and entrepreneurship more equitable
Stuart Brown of Barclays talks to the Scotsman and mentions their work with the Female Founders Forum
Why Keir Starmer needs to crack Labour’s business problems
‘We haven’t received a penny’ – business interruption insurance row intensifies as owners fear payout delays
Covid has put VCs as well as entrepreneurs under pressure
A new report says
we need better metrics for environmental impact to measure SME productivity
The startup trying to rebuild trust in voting with open source
Friends of the Network
WEBINARS
Amazon Bootcamp: West Midlands
17 November 2020
9am to 12.30pm
Free
Find out more
Bootcamp to help get you sell products online.
Don’t Start Looking, Startup!
20 November 2020
1pm to 2pm
Free
Find out more
A showcase of the Launchpad Competition: speak with previous winners, celebrate entrepreneurship and discuss why you too should stop searching and startup.
FounderFuel Live: How to crack team dynamics to perform in a small team
24 November 2020
1pm to 2.15pm
Free
Find out more
Join Laura Penhaul to explore what entrepreneurs can do to foster effective team dynamics.
PROGRAMMES
Innovating for Growth: Scale-ups
Deadline: 18 November 2020
Find out more
Free programme helping businesses to prepare for changes, capture opportunities and adapt with over £10,000 of bespoke support.
COMPETITIONS
Black Founders in Tech
Deadline: 8 November 2020
Competition: 25 November 2020
Prize: Accolade
Find out more
TechInvest event seeking to profile London's most innovative Black founders.
Take care,
Philip
Philip Salter
Founder,
The Entrepreneurs Network
PS.
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