Chewing the Fat 6/02 Meeting

1. Council Budget Deficit

• The council is running a £30 million deficit, down from £60 million.
• Government support is limited; local residents must drive change.
• Poor communication from the council, e.g., cycle lane budget misunderstandings, exacerbates issues.

2. Community and Business Initiatives

• There is respect for past efforts, but new ideas are needed to improve BCP (Bournemouth, Christchurch, and Poole).
• The focus should be on enhancing business opportunities and living standards.

3. Introductions and Backgrounds

• Attendees included fintech entrepreneurs, HR professionals, tech founders, and marketing experts.

4. Local Initiatives and Entrepreneurship

• Bournemouth has significant growth potential, supported by a strong entrepreneurial culture.
• The success of The Ivy’s launch highlights the area’s potential.

5. Personal and Professional Journeys

• Unexpected challenges often lead to growth and new opportunities.
• Experiences such as starting a podcast or moving into hospitality after setbacks were shared.

6. Networking and Community Building

• Building professional relationships through networking is essential.
• Lifelong friendships and business collaborations were formed through local networking events.

7. Small Business Culture and Networking

• The UK has a more open and supportive small business culture compared to places like Singapore.
• The Foundry is an example of a thriving business community, with plans to replicate its model in other towns.

8. Crypto and Blockchain Technology

• The focus should be on blockchain’s technological benefits rather than just trading.
• Blockchain can streamline services and prevent fraud.

9. Community and Networking in Bournemouth & Christchurch

• Strengthening local networks is vital for regional development.
• Local initiatives can drive positive change.

10. Challenges and Opportunities in BCP

• While BCP has natural beauty and a strong business environment, it struggles with limited opportunities for young people and a lack of cultural diversity.
• Leadership from local authorities is needed to address these issues.

11. Community Engagement and Media Influence

• Traditional media is losing influence, and personal networks should be used for better engagement.
• Negative media portrayals, such as by The Echo, impact public perception.

12. Local Business Ecosystem and Economic Development

• Keeping businesses local is crucial for economic growth.
• The hospitality and digital industries should be key focus areas.

13. Addressing Negative Perceptions and Building Trust

• Trust and a positive community image must be rebuilt to foster cohesion and progress.

14. Community Engagement and Business Collaboration

• A unified approach is needed to strengthen engagement and cooperation.
• Plans include launching a Facebook group and a think tank event at Bournemouth University.

15. Urban Development and Innovation

• A grassroots approach with clear messaging is essential for urban growth.
• A social event on 13th March is planned to encourage community participation.

Unresolved Issues & Next Steps

1. Council Budget Deficit – Further discussion needed on how local businesses and communities can help.
2. Financial Challenges in BCP – Proactive efforts required to avoid negative impacts on economic growth.
3. Scaling the Foundry Model – A structured plan is needed to replicate its success across three towns.
4. Council Communication Issues – Strategies required to improve public trust and transparency.
5. Youth Opportunities & Cultural Diversity – Urgent attention needed to create an inclusive and thriving community.

This meeting highlighted key economic and community concerns, with a strong emphasis on collaboration, innovation, and proactive leadership to drive positive change in BCP.