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Business in brief

EXPERT financial advice is on offer in one-to-one sessions planned in Hartlepool next week.

Jane Reynolds, from North East Finance will be available on Wednesday, February 13, from 9.30am to meet people regarding funding. No appointment is necessary.

North East Finance (NEF), which manages the region’s £125m Finance for Business Fund, has recruited Jane as its business manager for Tees Valley.

She said: “This is an exciting opportunity and I’m really looking forward to be joining the NEF team and encouraging investment in our most exciting companies.”

Jane, who will be based at Wynyard Park, has a wealth of business experience and excellent contacts across the Tees Valley as a result of previous posts with organisations including Finance Tree, Connect and Bridge Club. She has also worked overseas in the US and Holland.

Anyone wanting a one to one session should contact Hartlepool Enterprise Centre on (01429) 867677 or email enterprisecentre@hartlepool.gov.uk

MORE than half of UK finance directors admit to having no succession plan in place if they choose to leave their current role.

Research from recruitment specialist Robert Half UK shows 39 per cent of UK finance directors cite ‘lack of existing internal talent’ as the primary reason preventing them from identifying a successor.

One in four cite lack of time to develop and mentor as the primary factor, followed by lack of time to identify their successor, lack of exposure to senior-level initiatives for employees and lack of professional development opportunities for employees.

Phil Sheridan, managing director of Robert Half UK said: “With a raft of high profile senior resignations over the past year, it is surprising to see such a large proportion of financial directors without a chosen successor, or indeed the pool to choose from. As a result, the future continuity and performance of those businesses is at risk.”

Finance directors in the Midlands are the least prepared for succession planning, with an average 60 per cent who have not identified a successor. The figure stands at 46 per cent in the North.

 

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