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BREXIT and the BPI Academy
13th March 2017 @ 3:00 pm - 5:00 pmFree
Free For Academy Members
The Bpi Academy has around 100 members; part of our strategy for the Academy is to get members working together to make sure that their outcome from Brexit is positive, leading to more business opportunities, both in the UK and in the export market. To move this concept forward we are arranging a meeting on the 13th March for senior executives from Academy members to meet to discuss ways that we can work together through the Academy to benefit all members, and to form a steering committee to drive this project through.
Since the release of the government White Paper, the Prime Minister has set a wide vision of the eventual outcome of the Brexit process; ranging from a tariff free position to a high tariff position. It is already eight months since the country voted to come out of the European Union, and it is scary to think that in perhaps less than 26 month’s time we will be out of the EU and the single market.
It is even more scary to think that output in the UK is 18% below the average of the rest of the major G-7 advanced economies, with the UK lagging behind France, Germany and the US by 32 to 33 percentage points. Output per worker is even worse, with the UK productivity being 19% below the average of the rest of the G-7. The performance in Wales lags behind even these figures.
We have therefore decided that for the next couple of years, a significant part of the Academy’s focus will be on providing help to its members to be as successful as possible post Brexit. In order to do this we are looking for advice and guidance from our members to the types of things that we could be doing to support you. This could include methods to: –
1. Identify and apply for funding to support Academy members improve their business opportunities as we move through Brexit.
2. Identify opportunities for joint ventures and collaboration within the Academy, not just for training and consultancy, but ways that you can support each other, using existing skills within the Academy, to improve your business opportunities.
3. Improve efficiencies within your organisations, whether this be through training, consultancy, or both.
4. Improve your purchasing performance. As up to 60% of costs within an organisation come via the products and services we purchase from outside organisations, this skill has a major impact on the profitability and cost efficiency within organisations. Also there will be many members in the Academy that import their materials, and new import tariffs will have a major bearing on what these costs will be.
5. Help you identify the best ways of driving through change.
6. Continue to up skill staff throughout your organisations.
7. Provide training and advice on changes to export rules and tariffs.
8. Keep close contacts with the UK government in order to make sure that we are as clear and up-to-date as possible about what is happening, and what their proposals are regarding Brexit.
9. Keep close contact with the Welsh government to identify what support they will be providing to organisations in Wales, and to lobby them on the type of support that you feel would be appropriate.