Hosts: Sir Tom Hunter and Lord Willie Haughey

Board You Can't Afford Guest: Scott Munn (12th generation funeral director)

Episode Summary: 

In this episode, Sir Tom Hunter and Willie Haughey discuss various business topics, including the recent budget, the state of the NHS, and the challenges faced by car manufacturers.

On the Board You Can't Afford, Scott Munn, a 12th generation funeral director, has a question and chats about his experiences in the family business and the funeral industry.

Key Topics Covered:

Budget Discussion:

Analysis of the Scottish budget and its impact on small businesses.

Discussion on business relief and the hospitality sector.

Concerns about the allocation of funds to the NHS and public services.

Critique of the SNP government's handling of economic growth and public services.

NHS and Public Services:

Examination of the NHS budget and the need for systemic changes.

Discussion on the inefficiencies in public services and the need for better management.

Business Growth and Economic Policies:

Importance of growing the economy to fund public services.

Discussion on tax policies and their impact on businesses and individuals.

The need for big ideas and quality leadership in the Scottish government.

Elon Musk's Compensation:

Discussion on Elon Musk's $56 billion pay award and the legal challenges surrounding it.

Debate on the role of shareholders and judges in executive compensation.

Political Donations:

Discussion on the influence of wealthy individuals in politics.

Debate on whether political donations should be allowed.

Car Manufacturing Industry:

Challenges faced by car manufacturers in transitioning to electric vehicles.

Discussion on the impact of government policies on the automotive industry.

Housing Market:

Concerns about the drop in mortgage approvals and the long-term implications for homeowners.

Board You Can't Afford with Scott Munn:

Scott's background and experience in the funeral industry.

The history of his family business, which started in 1811.

Transition from a family-owned business to being part of a larger company.

Scott's role and responsibilities as a funeral director and operations manager.

Insights into the funeral industry and the importance of attention to detail.

Subscribe to the podcast for more insightful discussions on business and economics.

Follow and Connect with the show :

#BusinessPodcast #ScottishEconomy #NHS #PublicServices #FuneralIndustry #ElonMusk #PoliticalDonations #CarManufacturing #HousingMarket #EconomicGrowth

Episode Summary

Sir Tom and Lord Haughey discuss the relevance of the CBI and government interactions, as well as their wishlist for the upcoming Scottish budget, which includes tax reforms and business rates. They emphasise the importance of investing in apprenticeships and skills, suggesting tax incentives for companies. Additionally, Scottish Water's £9 billion investment in infrastructure is highlighted, presenting opportunities for SMEs.

The special guest is Simon Burgess, CEO of BIP Solutions in Glasgow

Episode Highlights 

[00:02:00] Scale-Up Conference Recap

Discussion about the recent Scale-Up Conference at Gleneagles.

Highlights of the event and key speakers like Professor Sir Christopher Evans and James Watt.

[00:05:30] CBI and Government Relations

Conversation about the CBI's relevance and government interactions.

Sir Tom and Lord Haughey opinions on political responses and budget implications.

[00:10:00] Scottish Budget Preview

Upcoming Scottish budget discussion.

Lord Haughey and Sir Tom discusses their budget Wishlist, including tax reforms and business rates.

[00:15:00] Apprenticeships and Skills Investment

Importance of investing in apprenticeships and skills.

Suggestions for tax incentives for companies investing in training.

[00:18:00] Scottish Water Investment

Announcement of Scottish Water's £9 billion investment in infrastructure.

Emphasis on opportunities for SMEs.

[00:20:00]

Special Guest: Simon Burgess, CEO of BIP Solutions in Glasgow

BIP Solutions in Glasgow provides procurement services and solutions to the public and private sectors. BIP Solutions offers services like tendering, procurement advice, and digital tools to help organisations manage and streamline their procurement processes. 

Board You Can't Afford

Craig Johnstone from Launch Foods has a question for Sir Tom and Lord Haughey..

Launch Foods was established in 2018. Craig identified the contradicting news reports of food waste and food surplus, against child poverty and children going hungry 

Follow the show :

Summary: 

In this episode, Sir Tom Hunter and Lord Willie Haughey delve into a range of topics from the challenges faced by the hospitality and retail sectors and the potential impact of redundancies at Edinburgh University. They are joined by Jonathan Burridge Co-founder & CEO and John Trower Co-founder of Utopi and its innovative approach to smart building technology. The discussion also touches on the importance of investment in Scottish scale-ups and the development of green energy technologies.

Additionally, on the Board You Can’t Afford, David Dwyer highlights the transformative potential of AI for businesses and asks for advice on growing in the AI sector.

Key Topics Discussed:

[00:00:38] Children in Need Challenge: Sir Tom Hunter's participation in the Paddy McGuinness challenge, cycling from Wrexham to Glasgow, and the Hunter Foundation's donation.

[00:03:00] Bank of England's Interest Rate Strategy: Analysis of Andrew Bailey's approach to interest rate cuts and the comparison with European rates.

[00:05:00] Consumer Confidence and Budget Impact: The effect of the budget on consumer confidence and spending habits.

[00:07:00] Unemployment Rates and Economic Growth: The rise in unemployment rates and its implications for economic growth.

[00:10:00] Scottish Labour's Stance on Pensions: Analyzing the announcement by Scottish Labour regarding the reversal of the pensioners' ruling.

[00:12:00] Arnold Clark's Financial Performance: Overview of Arnold Clark's turnover and profit, and the impact of a cyberattack on the company's finances.

[00:15:00] Young Entrepreneurs: Highlighting the success of Finlay Gordon and his business 'Restock' in the limited edition sports shoes and clothing market.

[00:17:00] Hospitality and Retail Sectors: The challenges faced by these sectors, particularly with business rates and the NRA.

[00:20:00] Investment in Scottish Scale-Ups: The importance of investment in Scottish scale-up businesses and the role of the Scottish National Investment Bank.

[00:23:00] Green Energy Technologies: The construction of a new facility in Aberdeen for developing green energy technologies.

[00:25:00] Edinburgh University's Redundancies: The potential impact of staff cuts at Edinburgh University on talent and innovation.

Special Guests: Jonathan Burridge Co-founder & CEO and John Trower Co-founder of Utopi

At Utopi, they simplify the complexities of data acquisition and ESG reporting to decarbonise the multi-tenant real estate sector, for the benefit of people, planet, and profit. Whether it be Performance Reporting, Automated Temperature Control or Empowering Residents to change their behaviours.

[00:27:00] 

Utopi's Business Model: Jonathan Burridge and John Trower discuss their company Utopi and its focus on smart building technology and IoT.

[00:35:00] Net Zero Carbon Challenge: The role of data and IoT in helping real estate investors meet their net zero carbon targets.

[00:40:00] Commercialising Smart Building Technology: Utopi's approach to selling their technology and the benefits it provides to clients.

Board You Can’t Afford

[00:45:00] AI in Business: David Dwyer from Inspire Digital Agency talks about the opportunities and challenges of AI for Scottish businesses. He also has a question for Sir Tom and Lord Haughey.

Follow the show :

The Go Radio Business Show Highlights,

[00:01:00] - Planning Hub Announcement

[00:02:00] - Public Sector Efficiency

[00:03:30] - Unemployment Figures

[00:05:00] - Hospitality Sector Challenges

[00:06:30] - Inheritance Tax Changes

[00:08:00] - Trump's Appointments

[00:09:30] - Public Sector Reform

[00:11:00] - SSE Profits and Renewables

[00:12:00] - Glasgow Airport Sale

[00:13:00] - Prestwick Airport's Turnaround

Special Guest: Mark Wilson, CEO of ILI Group and MD of Intelligent Land Investments Ltd.

Mark has over 18 years of experience in the land property market and has successfully carried out fundraisings for property investment companies in this sector. Since the economic downturn in 2008, he diversified into the Renewable Energy sector replicating the same financial model.

This has proved a timely decision. From an original target of 100, ILI (RE) achieved 96 consents for onshore wind turbine projects. Mark is a highly motivated and entrepreneurial individual who brings creative solutions to the table. His personal, and client, successes are a consequence of his energy and knowledge, and above all his willingness to put his reputation on the line.

Key Insights:

Board You Can't Afford: Penny Steel Folkerton Mill

Question: Strategy For Growth?

Business Overview:

Venue Details:

Impact of Covid-19:

Business Growth:

Challenges Faced:

Additional Services:

Future Plans:

Advice:

.

In this episode, Sir Tom Hunter and Lord Willie Haughey discuss the implications of Donald Trump’s victory in the U.S. elections, the Bank of England’s interest rate cut, and the impact on the UK economy.

They also touch on global affairs, including the situation in Ukraine, and the role of Elon Musk in the new U.S. administration.

Special guest Federico Charosky, CEO of Quorum Cyber, shares his entrepreneurial journey and insights into the cybersecurity industry.

Episode Highlights.

US Election Insights:

Decisive Victory: The hosts discuss the recent election results, emphasising the decisive victory and its implications for future policies.

Economic Focus: They delve into the role of the economy in the election outcome, particularly focusing on inflation and petrol prices

[00:05:30] 

Global Implications:

Middle East and Ukraine: Concerns are raised about the impact of the election on international relations, especially in the Middle East and Ukraine.

Trade and Tariffs: Potential changes in trade policies are explored, including a proposed tariff on imports and its effect on UK businesses.

[00:10:15] 

UK Perspective:

Interest Rates: The Bank of England’s interest rate cut and its potential impact on businesses and mortgages are analysed.

Budget for Growth: The recent budget is scrutinised for its implications on economic growth in the UK.

[00:15:00] 

Climate Change and Housing:

Retrofitting Homes: The challenges and importance of retrofitting homes to meet climate change targets are discussed.

Scientific Approach: The need for a scientific approach to achieve sustainability in the built environment is highlighted.

[00:20:45] 

Technology and Innovation: 

Decommissioning Costs: A new AI-powered platform that could significantly reduce decommissioning costs for businesses and governments is introduced. 

Electric Vehicle Infrastructure: Scotland’s progress in electric vehicle infrastructure and its impact on the adoption of electric cars is examined.

[00:25:30] 

Business News:

Company Acquisition: The sale of a business to Biffa and the legal implications of the deposit return scheme are discussed.

Quirky: Greggs’ first-ever Christmas advertising campaign featuring Nigella Lawson and the brand’s sense of humour is shared.

Guest: Federico Charosky, Chief Executive Officer at Quorum Cyber

Interview Highlights:

Federico’s Journey: From VP at a Bank in the Middle East to CEO of Quorum Cyber.

Cyber Security Landscape: Insights into the current cyber security threats and how Quorum Cyber is addressing them.

Future of Cyber Security: Federico’s vision for the future of cyber security and the role of Quorum Cyber in shaping it.

Advice for Businesses: Practical advice for businesses on how to protect themselves in the digital landscape.

Conclusion:

Final Thoughts: Federico’s closing remarks on the importance of cyber security and the mission of Quorum Cyber.

Board You Can’t Afford

Guest: Claire Smilie, a business growth consultant.

Company: G6, where ‘G’ stands for growth and ‘6’ represents her birthday.

Superpower in Business:

Question: If you were a superhero starting your own business, what would your superpower be?

Background:

Sports Industry: Claire works in the sports industry, helping businesses and elite athletes grow.

Personal History: She and her brother played professional football, which fuelled her passion for sports.

Entrepreneurial Journey:

First Business: During university, she started a swimming school, which she sold after graduation.

Consultancy: She established her consultancy around 8-9 years ago, allowing her to travel and work internationally.

G6 Game Plan:

Academy: Claire founded G6 Game Plan, a sports business hub for kids, teaching them skills to stay in the sports industry.

Expansion: The academy has been introduced to football clubs in Europe and the Middle East.

Keywords: Sir Tom Hunter, Lord Willie Haughey, Donald Trump Victory, U.S. Election Results, Trump Administration Impact, Bank of England Interest Rate Cut, UK Economy, Business Impact, Mortgage Rates, Global Affairs, Ukraine Situation, Elon Musk, International Relations, Federico Charosky, Quorum Cyber CEO, Cybersecurity Insights, Election Insights, Economy Focus, Inflation, Petrol Prices, Global Implications, Middle East Relations, Trade Policies, UK Businesses, UK Perspective, Interest Rates, Economic Growth, Recent Budget, Climate Change and Housing, Retrofitting Homes, Sustainability, Built Environment, Technology and Innovation, AI Platform, Decommissioning Costs, Electric Vehicle Infrastructure, Business News, Company Acquisition, Biffa, Deposit Return Scheme, Greggs Christmas Campaign, Cyber Security Landscape, Current Threats, Quorum Cyber Approach, Future of Cyber Security, Business Advice, Board You Can’t Afford, Claire Smilie, Business Growth Consultant, G6 Game Plan, Sports Business Hub Kids Football Clubs.

Episode Summary and Highlights

In this episode, Sir Tom and Lord Haughey discuss the impact of recent budget changes on businesses and the economy, particularly in Scotland. They delve into topics such as housing, taxation, and government spending, offering insights and opinions on how these changes might affect entrepreneurs and the broader business landscape.

[00:00:48]

Labour Budget Impact

Willie discusses the financial implications of the Labour budget. Potential benefits for Scotland, including the Barnett Consequential.

[00:01:39]

Entrepreneurs and Wealth Creators

Debate on whether Labour understands the needs of entrepreneurs and businesspeople. Concerns about the lack of encouragement for wealth creators.

[00:02:41]

Corporation Tax and Business Survival

Discussion on the impact of corporation tax on businesses. The potential disincentive to employ and grow businesses.

[00:03:51]

Social Policy and Employment

The importance of decent paid jobs as a social policy. Challenges faced by businesses post-Brexit and COVID-19.

[00:06:30]

Regulation and Business Growth

The need for an anti-regulation minister to fast-track important projects. Examples from the UK and the US on handling business regulations.

[00:08:04]

Government Spending and Accountability

Discussion on government spending inefficiencies and accountability. Examples of wasteful spending and the need for better procurement practices.

[00:10:11]

Business Trust in Labour

How Labour can regain business trust. The importance of engaging with entrepreneurs to understand policy impacts.

[00:11:07]

Positive Economic Outlook for Scotland

The potential benefits of increased funding for Scotland. Discussion on the Barnett Consequential and the impact.

[00:12:07]

Housing Bill and Investment

The SNP’s revised housing bill and its implications for investors. The need for more housing to address rental market issues.

[00:14:27]

Investment in Scotland

The importance of attracting investment to build more homes. Feedback from investors on the current regime and its impact on investment decisions.

[00:16:01]

Sauchiehall Street Development

Updates on the Sauchiehall Street development project. The need for fast-tracking beneficial projects for the city.

[00:16:55]

Hospitality and Leisure Sector Support

Plea for the Scottish Government to support the hospitality and leisure sector. The importance of following the English model for rates relief.

[00:18:27]

Tribute to Bill Munro

Tribute to Bill Munro, founder of Barrhead Travel, who passed away. His contributions to the travel industry and his legacy.

[00:19:04]

Investment in Golf Scotland

Government investment in Golf Scotland and its expected benefits. The leverage of golf tourism for economic growth.

Special Guest: Darren Auld, CEO of ClearSky Logic

Darren Auld, CEO of ClearSky Logic, shares his journey from a small village in West Lothian to leading a successful software delivery company. Darren’s passion for technology began in childhood, where he naturally excelled at problem-solving and tech-related tasks. This early interest led him to study at Napier University and work in customer support at Sky Television.

Darren’s entrepreneurial journey started when he joined a satellite office of an energy company in Edinburgh, where he built a team and developed complex software solutions. In 2018, driven by a desire for control and problem-solving,

Darren co-founded ClearSky Logic. Despite early challenges, including a major client going under, Darren’s resilience and ability to leverage his network helped the company grow. ClearSky Logic specializes in bespoke software solutions, helping businesses streamline processes and improve efficiency.

The company has expanded significantly, now employing around 55 people with offices in Edinburgh and Glasgow. Darren emphasizes the importance of building high-quality, specialised teams and maintaining a strong focus on innovation and client needs.

Throughout the episode, Darren discusses the impact of the COVID-19 pandemic, the importance of resilience, and the value of mentorship and networking in business growth. He also highlights the company’s future, including potential global expansion and maintaining a reputation for excellence in software delivery.

Board You Can’t Afford: Seonaid Daly, Executive Director of Glasgow Film, which includes the Glasgow Film Theatre and the Glasgow Film Festival

Seonaid seeks advice on how to engage with private investors and property developers to support GFT’s growth and expansion plans. She emphasises the importance of finding partners who understand the social and cultural impact of GFT’s work while navigating more commercially focused conversations.

Glasgow Film Theatre (GFT) is a not-for-profit charity and limited company, celebrating its 85th anniversary in 2024. It is known for its diverse film program, showing around 650 films from 50 different countries annually. The theatre is housed in a historic art deco building and is one of the most successful cinemas in the UK in commercial terms.

GFT is celebrating multiple milestones in 2024, including its 85th anniversary, 50 years since GFT was established, and the 20th edition of the Glasgow Film Festival.

The theatre is a significant cultural institution in Glasgow, known for its broad and diverse film offerings and its commitment to community engagement and equality.

Keywords: Labour budget impact, Business and economy in Scotland, Housing and taxation, Government spending inefficiencies, Entrepreneurs and wealth creators, Corporation tax effects, Social policy and employment, Regulation and business growth, Government accountability, Business trust in Labour, Economic outlook for Scotland, SNP housing bill, Investment in Scotland, Sauchiehall Street development, Hospitality and leisure sector support, Tribute to Bill Munro, Investment in Golf Scotland, Darren Auld ClearSky Logic, Bespoke software solutions, Technology and business growth, Glasgow Film Theatre, Glasgow Film Festival, Cultural institutions in Glasgow, Private investment in arts, Community engagement in film, Sir Tom Hunter, Lord Willie Haughey, Scottish Business News.

Episode Summary and Highlights:

Financial Troubles in Football Clubs

Discussion on the financial struggles of Inverness Caley Thistle and football clubs aiming for the Premier League in general. Mention of the sacking of Duncan Ferguson.

Highlighting the unrealistic financial expectations and the need for clubs to manage their budgets better.

Emphasis on the importance of financial prudence for clubs.

Noting the failure to raise sufficient funds and the challenges faced by provincial clubs.

[00:02:46]

Positive Economic Indicators

Mention of positive news about economic growth predictions by the IMF.

Discussion on the potential impact on the UK economy and small businesses.

Talk about inflation rates and interest rate predictions by Goldman Sachs.

[00:04:46]

BRICS Nations and Global Economics

Discussion on BRICS nations (Brazil, Russia, India, China) forming their own payment clearing service to counter the dollar.Emphasis on the growing influence of BRICS nations in geopolitics.Debate on the likelihood of moving away from the dollar.

[00:09:27]

Budget Speculations and Economic Policies

Speculation on upcoming budget announcements and their impact on businesses.

Mention of the Green Party’s proposal for a mansion tax in Scotland. Discussion about the anti-growth policies and their potential consequences on economic opportunities.

[00:13:33]

Young Enterprise Scotland Funding Issues

Highlighting the risk of Young Enterprise Scotland losing government grants. Emphasis on the importance of enterprise education and the potential negative impact of funding cuts. 

[00:15:59]

Elon Musk’s Recent Activities

Discussion on Elon Musk’s positive Tesla financial results and stock performance. Mention of Musk’s political involvement, including his support for Trump and a unique voter incentive scheme

Discussion on Elon Musk’s strategy to influence swing state voters by offering $1 million a day to registered voters.

[00:18:22]

McDonald’s Sales Drop Incident

Anecdote about Donald Trump’s team targeting Kamala Harris over her McDonald’s work claim. Mention of McDonald’s sales dropping by £21 billion due to an E. coli outbreak.

[00:18:43]

Housing Development in Aberdeenshire

Announcement of a significant investment in building up to 1,000 houses in Aberdeenshire for workforce support. Plan to transfer houses to local authorities once no longer needed for the workforce.

[00:19:38]

Appointment of Trade Envoy to Japan

Appointment of Stephen Baxter as an unpaid trade envoy to Japan. Discussion on the importance of this role and Baxter’s experience in the Asia Pacific region.

Special Guest: Billy Lyle, co-founder of Illuminate AI

If you’re passionate about AI, you won’t want to miss this episode featuring Billy Lyle, co-founder of Illuminate AI. Billy’s journey from entrepreneur to a leader in AI-driven solutions is nothing short of inspiring. He shares his unique insights on the evolution of technology, the challenges of scaling a business, and the future of AI.

Billy Lyle, a visionary entrepreneur and the driving force behind Illuminate AI and GHFway. He is pioneering the integration of Generative AI into executive leadership, aiming to make AI an essential part of all business strategies.

Billy’s passion for technological innovation and sustainable investments is evident in his latest ventures. At Illuminate AI, he equips CEOs with the tools to navigate and lead in the AI era.

Whether you’re an aspiring entrepreneur or a tech enthusiast, Billy’s story offers valuable lessons and a glimpse into the future of AI and sustainable investments. Don’t miss this opportunity to learn from one of the industry’s most innovative minds!

Board You Can’t Afford

Caitriona Davis addresses the growing importance of employee wellbeing, especially in the wake of Covid-19. She acknowledges that while larger companies might have comprehensive support systems, smaller businesses often struggle to provide the same level of care due to limited resources.

Caitriona highlights how the National Support Network can be particularly beneficial for these smaller businesses, offering an accessible and scalable solution to support their employees’ wellbeing. This service is designed to help companies of all sizes ensure their employees have access to the necessary support, even if they don’t have a full-time HR department.

Episode Highlights and Summary Notes

[00:01:00]

Tribute to Alex Salmond

Discussion on the passing of Alex Salmond. Sir Tom shares personal anecdotes and reflections on Salmond’s career and personality. 

[00:01:55]

Clean Energy Initiatives

Discussion on clean energy provisions and advancements in Germany. Mention of Scottish Power’s investment and Scotland’s potential to achieve 100% clean energy.

Introduction of Doug Duigood new division in renewable energy, creating 30 new jobs.

[00:03:45]

House of Lords Update

Lord Haughey shares insights from the House of Lords.

Discussion on corporation tax and potential changes to national insurance contributions. Concerns about the impact of tax changes on small businesses.

[00:06:00]

Air Conditioning and Energy Consumption

Discussion on the future energy demands due to increased air conditioning needs by 2050. Mention of innovative building designs to reduce energy consumption, inspired by Roman architecture.

[00:08:00]

Tech Giants and Energy Investments

Discussion on tech companies like Microsoft, Amazon, and Google investing in small nuclear communities to power data centres.

Emphasis on the importance of supply chain security and energy capacity for tech expansion.

[00:09:00]

Local Business Highlights

Mention of Robert Graham’s family business and its contributions to the local economy.

Robert Graham’s family business success:

Turnover of £153 million by March 24th.

Profits of £2.8 million, attributed to the high protein range.

£13 million investment in capital expenditure over the last two years.

Emphasis on staying ahead of the game and evolving the business.

[00:10:30]

Entrepreneur in Residence Update

Matt Logan, the entrepreneur in residence, moves on. Discussion on the impact of right-wing media. Debate on the role and compensation of the entrepreneur in residence.

Concerns about the future of the Scale up Scotland programme without Logan’s drive.

[00:13:00]

Economic Updates

Inflation drops to 1.7%, better than expected.  Discussion on the potential for interest rate reductions.

Speculation on the normalised interest rate for the next decade being around 4%.

Explanation of the pound’s devaluation due to expected interest rate cuts.

[00:14:30]

Innovative Heating Solutions

Introduction of a pilot project for electric wallpaper in social housing. Explanation of how electric wallpaper works, likely using infrared technology. Curiosity about the effectiveness and implementation of this new technology.

[00:15:00]

Scotland’s Visa System and Demographics

Discussion on the potential for Scotland to have a different visa system due to its unique demographics. Scotland needs positive immigration to support its aging population.

Ed Miliband’s proposal for a skills passport to help oil and gas workers transition to renewables.

Debate on the political implications and narrow-minded views on devolving more powers to Scotland.

[00:16:30]

Collaboration Between Holyrood and Westminster

Emphasis on the importance of cooperation between Holyrood and Westminster. Positive remarks on Ed Miliband’s statement about working together. The need for balanced criticism and praise of government actions.

[00:17:25]

Scale Up Scotland 2.0 Recruitment

Recruitment for Scale Up Scotland 2.0. Programme details: for ambitious businesses with over £10 million in turnover.

Quarterly meetings at Blair Castle with successful entrepreneurs sharing their experiences. Emphasis on peer-to-peer support as the “silver bullet” for growth.

[00:19:00]

Investment in Scottish Businesses

Discussion on the importance of investment for business growth. Mention of a recent investor meeting in London with a commitment of £62 billion. Desire for more investment in scale-up businesses across the country.

[00:20:00]

Challenges in the Salmon Fishing Industry

Follow-up on a previous guest discussing omega-3 and salmon fishing. Highlighting funding challenges in the industry. Upcoming meeting with Jason McGibbon from Bridgepoint to address roadblocks in Scotland.

Special Guest: Willie Patterson, Chief Executive of Asset Alliance Group

Willie Patterson shares his childhood experiences.

Grew up with hardworking parents; father was an intellectual from a working-class background, mother was a farmer’s daughter. Developed a strong work ethic from a young age.

Career Beginnings

Willie discusses his decision to join the Clydesdale Bank instead of going to university. Offered a job by a local bank manager. Worked at the bank for five years, gaining valuable experience and motivation.

Transition to Entrepreneurship

Willie shares his long-term goal of starting his own business. Decided to leave the bank after five years to pursue his entrepreneurial ambitions.

Transition to Asset Alliance Group

Willie Patterson discusses his journey into the trailer rental business.

Partnered with Alan Evans to refurbish and rent out used trailers.

Invested £10 million, creating a fast-growing trailer rental business.

Joined the company as a commercial director but had reservations about the move.

Move to Alliance & Leicester

Willie was introduced to the managing director of Alliance & Leicester PLC.

Joined the company as they transitioned from a building society to a commercial bank. Helped restructure the business and created Alliance & Leicester Commercial Finance PLC. Built the UK’s largest truck leasing business and expanded into various finance divisions.

Founding Asset Alliance Group

Willie decided to leave Santander and proposed buying the asset finance business.

Successfully doubled profits during the financial crisis by making tough decisions quickly. Focused on supporting key clients and maintaining profitability.

Navigating Financial Challenges

Willie discusses the pressure of securing capital during the financial crisis and COVID-19. Identified opportunities with challenger banks and wealth banks. Leveraged strong business yields to secure funding.

Strategic Networking

Willie reached out to his network, including a former chief executive, to secure capital. Successfully negotiated deals with multiple banks Completed the deal within three months, ensuring business continuity.

Board You Can’t Afford

 Guest: John Kipp, Owner of Power Circle Projects

Overview of Power Circle Projects

Power Circle is a social enterprise owned by Charity Power Circle Ltd. Focuses on delivering a net-zero future at scale. Addresses barriers to scaling up low-carbon investments. Aims to benefit all sections of the community, including businesses, homeowners, and low-income households.

Question: As our organisation enters a period of rapid growth, primarily with established technologies like funded solar PV and upcoming heat solutions, we are keen to learn about potential pitfalls during this phase. Specifically, we are interested in experiences related to rapid growth, challenges in team dynamics, and managing cash flow. What are some common pitfalls and effective strategies to address and overcome these challenges?

Episode Summary and Highlights:

Scotland’s Clean Energy Potential:

Discussion on Scotland’s potential to be the first country fully supplied by clean energy. Announcement of Scottish Power’s £12 billion investment in clean energy.

[1:26]

Investment and International Interest:

Information about Scottish Power’s ownership by Spanish company Iberdrola and the positive outlook on the UK as an investment destination.

Government’s Role in Clean Energy:

Praise for government efforts in reducing planning permission time and the impact on investment barriers.

[3:03]

Future of Planning and Investment:

Debate on the need for quicker planning processes and the potential benefits of reducing planning time to 12 months.

Battery Storage and Hydropower:

Discussion on an article by Mark Wilson, CEO of Intelligent Land Investments, about the benefits of battery storage and hydropower.

Consideration of inviting Mark Wilson to the show to discuss achieving net zero and 100% clean energy.

[4:06]

Heat Pumps and Job Concerns:

Addressing concerns from the Institute for Public Policy about potential job losses due to a slowdown in heat pump installations.

Emphasis on the importance of insulation as a cost-effective alternative to heat pumps.

[5:08)

Importance of Battery Storage:

Highlighting the potential of battery storage in achieving clean energy goals.

Pace of Change in Business:

Discussion on the rapid pace of change in business and the need for quicker government processes like planning permission.

[6:08]

Ferry Construction Issues:

Issues with the ferry being built in Greenock, including outdated technology and infrastructure problems.

[6:51]

Brewdog Contamination Incident:

News about Brewdog having to destroy over a million pints due to contamination, and the impact on the company.

[7:25]

Elon Musk and Driverless Taxis:

Debate on Elon Musk’s announcement of driverless taxis and the potential impact on the market.

Discussion on the feasibility and timeline of Musk’s projects and their effect on Tesla’s share price.

[11:27]

American Election and Its Impact:

Discussion on the potential impact of the American election on Scotland.

Concerns about Donald Trump’s possible re-election and Elon Musk’s influence through his social media platform.

Elon Musk’s Political Involvement:

Analysis of Musk’s support for Trump and his potential role in the government.

Discussion on Musk’s ambitions to improve government efficiency.

[13:03]

Meeting with Keir Starmer:

Willie shares his recent one-on-one meeting with Keir Starmer.

Discussion on the importance of supporting entrepreneurs and business people for economic growth.

Emphasis on the need for the government to deliver on their promises.

[15:00]

Capital Gains Tax Concerns:

Discussion on the potential changes to capital gains tax and its impact on wealth creators.

Analysis of the behavioural changes in response to tax adjustments.

[16:02]

Tax Reduction for Creative Industries:

Announcement of a 53% tax reduction for investments in films up to £15 million.

Discussion on the positive impact on the film industry in Scotland.

[17:02]

Portugal’s Tax Haven for Young People:

Discussion on Portugal’s new policy to retain young talent by offering zero income tax for the first year and reduced taxes for ten years.

People around the world are thinking better than our current government. (18:50) And it's not good enough for us. (18:52) We're in a global competition for talent.

[19:00]

Dame Anne Glogg Cleared of Charges:

Announcement that Dame Anne Glogg will face no charges and no further action regarding the long-standing investigation.

Discussion on the waste of taxpayers’ money and police time, and the stress caused to Dame Anne and her family.

Recognition of Dame Anne’s significant contributions to charity and business in Scotland.

Hunter and Haughey's special guest this week is Douglas Martin  - Founder and Managing Director of Mialgae Ltd.

Gemma Stuart, Gut Wealth

1 in 20 people have IBS in the UK - with symptoms such as: gas, bloating, cramping, abdominal discomfort and urgency.

Gut Wealth is liquid vitamin mineral and postbiotic supplement - proven to improve bloating, inflammation and bowel regularity.

It’s sold out twice, been featured in The Times, Daily Mail, Women’s Health, Men’s Health - chosen as a high growth potential business as part of the Scottish Enterprise’s pathways to scale programme in 2023-24. Also won Medtech & Healthtech StartUp of the Year 2024

Gemma is preparing for an equity raise in Q1, and asks what advice would Hunter and Haughey give to position the business to attract the right investors who align with her mission?

This episode covers the introduction of new energy reduction systems, the importance of productivity, and the economic implications of the Commonwealth Games for Glasgow. The discussion also touches on local council services and budget challenges.  Plus, the Lord Haughey's exclusive interview with Sir Alex Ferguson.

Lord Haughey and Stuart Patrick delve into the potential of green hydrogen, the challenges of electricity pricing, and the future of renewable energy jobs. We also discuss the importance of battery storage and solar panels, and the impact of regional investments in renewable energy.

Key Highlights:

[00:01:10]

Commonwealth Games Discussion

Detailed discussion on the financial commitments and benefits of hosting the Commonwealth Games in Glasgow.

[00:02:25]

Financial Implications

Further exploration of the financial aspects and the economic development benefits of the Commonwealth Games.

[00:03:23]

Local Council Services and Budget Challenges

Discussion on a recent survey showing dissatisfaction with local council services and the challenges faced by officials due to budget constraints.

Examination of various local taxes and levies, including the tourist tax, workplace parking levy, and residential parking permits.

Debate on the fairness and effectiveness of these measures in addressing budget shortfalls.

[00:09:12] Investment in Rental Housing

Discussion on the need for investment in rental housing and the impact of potential amendments to the Scottish housing bill.

Debate on rent controls and their effect on new builds and existing tenants.

Mention of the importance of affordable housing and the potential benefits of excluding new builds from rent controls.

[00:11:40]

Buchanan Galleries Restructuring

Discussion on the decision by Landsec to reconsider the restructuring of Buchanan Galleries due to changes in the retail market and construction costs.

Exploration of the potential investment in Glasgow’s city centre and the impact of retail recovery post-pandemic.

[00:13:01]

Planning Resources and Infrastructure Investment

Discussion on the need for more resources in planning departments to support large infrastructure projects.

Mention of the competition for talent between local authorities and private sector companies involved in climate change initiatives.

[00:14:29]

Apprenticeships and Job Creation

Announcement of significant investment in apprenticeships and job creation by BAE Systems, highlighting the positive impact on Glasgow’s economy.

[00:16:19] Renewable Energy Projects

Discussion on Scotland’s plans to build the largest hydrogen plant in Europe, with a £600 million project in Aberdeen.Mention of a German delegation exploring green hydrogen export opportunities.

[00:16:31] 

Green Hydrogen Opportunities

Discussion on the delegation from Germany and the plans for exporting hydrogen. The main challenge highlighted is the cost due to the current electricity pricing model.

[00:17:24] 

Battery Storage vs. Solar Panels

Insights into the effectiveness of battery storage compared to solar panels. Mention of a chart showing savings from sustainable housing, with a significant portion coming from battery storage.

[00:18:31] 

Investment in Glasgow: Discussion on a potential huge investment near Glasgow and the opportunities it presents. GB Energy and Regional Presence: The importance of having a regional presence in places like Aberdeen and the role of GB Energy. Retirement Announcement: Announcement of Professor John McDonald’s retirement and his contributions to Glasgow.

 [00:21:56]

Education and Airline Connections

The discussion highlights the critical role of the education industry and the importance of maintaining strong airline connections through the Middle East. These connections are vital for fostering international relationships and ensuring the flow of students and professionals.Emphasis is placed on the commitment to building and maintaining relationships with states in the Midwest and Middle East. This commitment is seen as essential for economic and cultural exchanges.

[00:22:13]

Financial Struggles of Football Clubs

The financial difficulties faced by Caledonian football club are discussed, highlighting the broader issue of financial instability in Scottish football. The need for substantial fundraising efforts to avoid bankruptcy is underscored. The unique challenges of running a football club as a business are explored. The discussion suggests that smaller clubs could benefit from mentoring by successful business personalities to improve their financial health and operational efficiency.

[00:23:30]

City and Football Club Success

The relationship between the success of a city and its football clubs is examined. Successful clubs are seen as enhancing the city’s reputation, attracting tourists, and contributing to the local economy.

[00:23:30]

Investments in Inverness and Glasgow

Concerns about the future of Inverness and the investments in Glasgow, including those in Rangers and Partick Thistle, are raised. The impact of these investments on the cities’ international standing is considered.

International Pitching

The role of football clubs in international city pitching efforts is discussed. Football clubs can significantly influence how cities are perceived globally, making them valuable assets in international relations and marketing.

Tourism and Reputation

Successful football clubs are credited with boosting tourism and enhancing the city’s reputation. Visitors are drawn to the city not only for the football matches but also for other attractions like museums and cultural sites.

[00:24:23]

Business Guidance for Football Clubs

The need for business guidance and mentoring for smaller football clubs is emphasized. This support is seen as crucial for strengthening Scottish football and ensuring the sustainability of smaller clubs. Collaborations with Rangers and Celtic on overseas trips for youth development are highlighted. These initiatives are part of broader efforts to foster international relations and promote the city’s image abroad.

Special Guest Sir Alex Ferguson

This week’s special guest is Alex Ferguson, one of Glasgow’s most famous sons. Sir Alex is a winner and enjoyed unparalleled success with his winning mentality at Aberdeen and Manchester United, and he shares his insights on leadership, resilience, and the business of football.

[00:28:26]

Early Leadership Qualities

Alex Ferguson discusses his early realisation of leadership qualities during his school years and apprenticeship. He shares how joining the union and becoming a shop steward at 19 helped him develop his leadership skills.

[00:28:26]

Union Involvement and Apprenticeship

Sir Alex Ferguson talks about his involvement in the engineering union and the challenges he faced as a young apprentice. He recounts the experience of balancing his apprenticeship with part-time football and the support he received from union leaders.

[00:30:27]

Transition to Full-Time Football After completing his apprenticeship, Sir Alex Ferguson decided to pursue football full-time. He reflects on his decision to leave engineering behind and focus on a career in football.

[00:30:47]:

Developing Coaching Skills

Sir Alex shares his journey of obtaining coaching badges in England and Germany. He emphasises the importance of continuous learning and preparation in his path to becoming a football manager.

Impact of Leadership in Football

The discussion highlights how Sir Alex Ferguson’s leadership qualities translated into his football career. He talks about the influence he had on teams and his determination to succeed in football management.

[00:31:49]

Life-Changing Moments

Sir Alex Ferguson recounts a pivotal moment in his life when he scored a hat trick against Rangers, which changed his career trajectory. He emphasizes the importance of seizing opportunities and making decisive choices.

[00:33:21]

Entrepreneurial Ventures

Sir Alex discusses his venture into entrepreneurship by owning a pub. He explains how this experience, combined with his part-time football career, shaped his managerial ambitions.

[00:34:36]

First Managerial Experience

Shares his first experience as a manager, dealing with limited resources and building a team from free transfers. He highlights the importance of strategic thinking and resourcefulness in management.

[00:35:58]

Transition to Aberdeen

The conversation touches on the move to Aberdeen and his thoughts on the importance of perseverance and long-term vision for young players and managers. Sir Alex reflects on key moments that influenced his career, such as deciding not to emigrate to Canada and scoring a hat trick against Rangers. These moments reinforced his commitment to football and leadership.

Building a Football Club

Discusses the importance of bringing out the best in oneself. Reflects on his career as a player and the challenges faced. Emphasises building a football club, not just a team. Highlights the success of young players he coached, such as Peter Weir and Frank McAvennie. Stresses the value of giving opportunities to young players and the different personality required to manage them.

[00:38:27]

Coaching and Managing

Acknowledges the shift in the role of a manager in modern football. Notes the commercial aspects of the modern game and the difficulty of managing large clubs.

[00:38:51]

Managing Manchester United

Reflection on his time as a manager at Manchester United. Emphasis on the importance of personality and communication skills in managing a large club. Discusses the global fan base of Manchester United and the responsibility to deliver for them. Mentions the influence of Sir Matt Busby and the tradition of giving young players a chance.

[00:40:20]

Changing the Culture

Highlights the challenges of changing the existing culture and the dedication required. Describes the work culture and the need to instil discipline and dedication in players. Reflects on the long process of changing the culture at the club.

[00:43:39]

Importance of a Strong Captain

The significance of having a strong captain on the field, with examples of influential captains.

[00:45:02]

Role of Assistants

The importance of surrounding oneself with good people and the impact of assistant managers throughout the guest’s career.

[00:47:49]

Career Reflections

Reflections on the careers of former assistants and their paths in football management.

Sir Alex expresses pride in the success of young players he managed. Highlights winning the European Cup in Barcelona as the pinnacle of his career, describing it as the “Holy Grail” and a moment he will never forget.

Keywords: Education Industry, Airline Connections, Middle East Relationships, Football Club Financial Struggles, Business Mentoring, Tourism, Youth , Rangers, Celtic, Inverness Caledonian Thistle, Development, International Relations, Green Hydrogen, Renewable Energy Jobs, Battery Storage, Solar Panels, Electricity Pricing, GB Energy, Sustainable Housing, Lord Willie Haughey, Sir Tom Hunter, Stuart Patrick CBE, Sir Alex Ferguson.