Our Central & East office, based in thriving Milton Keynes, is witnessing enormous growth in some of the most rapidly developing industries, as well as challenges surfacing in other areas. Our Senior Manager, Mark Steff, provides his commentary on the prospects for 2019.
In 2019 the Central & Eastern region of the UK will continue its rapid growth in the commercial sector, as more businesses recognise the value of their HQ being outside of London, but with the capital still in touching distance.
Firstly, in Northamptonshire the Logistics sector continues to go from strength to strength, as many organisations take advantage of the most the central location in the country. An extraordinary 1 in 7 people in the county are employed in Logistics alone. With businesses such as XPO, Kuehne Nagel, NFT Distribution and Yusen all having sites in the region, this number is surely only set to grow.
Secondly, the region will continue to drive forward in its attempts to be a leading Financial Services Hub with Santander and Barclays already in Milton Keynes. In 2019, Goldman Sachs’ first foray into consumer banking, Marcus, will open its HQ in the town, which in-turn will lead to the creation of at least 150 new jobs. Similarly, Santander has unveiled plans for a state-of-the-art new campus to support its long-term growth strategy, representing an investment in excess of £150m into Milton Keynes. The proposed new office, which is expected to be home to over 5000 staff, will replace the bank’s existing local office buildings with a world-class working environment. This will be specifically designed to encourage collaboration and innovation, with operations supported by cutting-edge technology. Work will begin in 2019 on this project, subsequently creating new jobs and bringing more money and development to Milton Keynes.
On the other hand, the difficulties within retail have been widely broadcasted in 2018. As we move into 2019, successfully managing the ever-changing retail climate will be a very real challenge for some major players in the Central & East region. Organisations such as Tesco’s, Sainsbury’s Argos and Avon will continue in their adaptation to the ever-growing online presence of their competitors.
Finally, plans for a brand new ‘21st Century’ university in Milton Keynes have also been confirmed, after the council selected a lead education provider. Building works on this new university will begin in 2019 with plans that ‘MK:U’ will welcome the first of its students in 2023. This will provide continued growth and development in the area, attracting the best and brightest. Elsewhere, Cambridge already has an esteemed reputation in the fields of science and technology and is committed to supporting more businesses. This engagement and the focus on knowledge -sharing will enable rapid growth in 2019. In February, a number of leaders from multiple leading Tech firms, such as ARM, will gather to support start-ups in the area. This is commitment is almost certainly why Cambridge will continue to be a leader in these fields.
If you are looking for roles in the Central & East region or would like more information on acquiring Venn Group’s assistance in growing your team in 2019, then you can reach our office at the contact details provided here.