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Inovo catalyses global investors as it closes new fund on €54m, to scale Polish startups

Inovo

Inovo, the venture capital fund investing in technology startups across Poland and Central & Eastern European region (CEE), has today announced the final close of its second fund, Inovo II, at €54m. A range of global funds, entrepreneurs and family offices joined the European Investment Fund (EIF) as the cornerstone investor. Inovo specialises in identifying disruptive tech startups and supporting their development and growth through participation in early-stage, post-traction seed and Series A funding. Having a diverse range of LPs in the fund will enable portfolio companies to secure global funding as they scale and expand abroad. The new fund has already committed funding to several investment opportunities with leading international investors, including European Bank for Reconstruction and Development (EBRD), Andreessen Horowitz, Hoxton Ventures and Point Nine Capital. Notable investments include: Spacelift, Infermedica, Jutro Medical, AI Clearing, Zowie, Preply, Packhelp, Intiaro, Tidio, Allset and Eyerim. This fundraise follows the success of Inovo I which generated 3.2x return on investments from a portfolio of 15 high-growth tech startups, most of which have since been sold profitably, two have IPO’d, and three top-performing remain in the portfolio. One of the remaining investments is Booksy, the marketplace for beauty services where Inovo invested at the Seed stage. Now the company is one of the world’s top 100 marketplaces with 10 million app downloads and raised $70m in a Series C round (led by CatRock). Booksy is widely considered to become one of the first unicorn startups (those that have a valuation of $1b) from Poland. Tomasz Swieboda, Managing Partner at Inovo commented: “The tech ecosystem in the CEE region is growing at an exceptional pace. In Poland the growth rate is 70% year-on-year. In 2020, almost €500m in venture capital was deployed to 300 companies, which will almost certainly grow this year. It is our expectation that this decade will produce 10 unicorns and a few decacorns from Poland.” With the launch of its second fund, Inovo is aiming to cement its reputation as one of the leading early stage investors in Poland and the CEE region, while helping enterprising startups realize their potential, paving the way for later-stage funding from international VCs. “With 38 million people, Poland is a large market itself. Last year we've seen IPOs of two tech companies valued at over $1bn and focused on the domestic market - Allegro and InPost. Market size is both an advantage and an obstacle, resulting in Polish ecosystem being not very well connected to the West. At Inovo we strive to change that. We are perfectly placed to act as a catalyst to accommodate the new wave of ambitious local founders who want to follow in the footsteps of Booksy, Brainly and Docplanner and target global markets. Through our collaborative approach and international network we can help bridge them to larger investors ” added Tomasz Swieboda. Stefan Batory, Cofounder & CEO at Booksy commented: “The growth of the Polish startup ecosystem will accelerate after seeing success stories, proving that it’s possible to build global businesses out of the CEE region. I am certain that Booksy will serve as one such example, and then many will follow in our footsteps. However, for this to happen, startups need access to VCs like Inovo, which will provide not only capital, but also guidance and international connections for businesses to scale rapidly.” About Inovo Inovo is a venture capital fund investing in rapidly growing tech companies at Seed / Series A across Poland and the Central and Eastern Europe region (CEE). We back early-stage, post-traction startups with up to €3M of initial investment, and help them build global brands, while driving growth of the local startup ecosystem. We take great pride in being close to top founders who think big. We’re investors in: Booksy, Restaumatic, Sotrender, Infermedica, Spacelift, Tidio, AI Clearing, Zowie, Jutro Medical, Intiaro, Packhelp, Preply, Eyerim, Allset. Contact Details Inovo Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://inovo.vc/

April 22, 2021 09:30 AM Eastern Daylight Time

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M Moser Associates Launches New Office in Raleigh-Durham, NC

M Moser Associates

M Moser Associates, a global workplace design firm, today announced the opening of a new office in Research Triangle Park, bringing its advanced suite of architecture and design solutions to the region’s rapidly growing business climate. M Moser is a multi-disciplinary firm known for its strategy-led, holistic and integrated approach to workplace design, and has created dynamic and human-centric spaces for many of the world’s most successful companies. “The business climate in the Triangle is exploding,” said Nabil Sabet, Group Director at M Moser. “It’s easy to see why so many companies find the region attractive, from the caliber of high-growth industries and the world-renowned education resources, to the rich quality of life and access to top talent. Companies in the region are seeking a fresh perspective on workplace strategy — one that unites architecture, design and technology to enhance the wellbeing and productivity of high-performing employees.” The Raleigh-Durham office will be led by Jen Sisak (Director), a North Carolina native with more than 25 years of experience in architecture, design and construction, and degrees from Clemson University and NC State’s College of Design. Having worked in six different locations across the U.S. including New York City, Jen most recently served as a business development manager for Gilbane Building Company in the Raleigh-Durham market. She also served as president of the Triangle American Institute of Architects (AIA), and brings a keen understanding of the market’s unique needs, particularly around the recent boom in the life sciences and biotech industries. Sabet added, “Jen’s design and construction experience combined with her sharp business acumen and knowledge of the region, will position her well to deliver high-caliber, technically sound work through multiple delivery models.” Already home to some of the world’s largest corporations, the Triangle area has seen a recent influx of growth from companies seeking to tap the region for its affordability and access to ample talent. The growth has triggered an increase in demand for advanced architecture and design solutions as companies look to design environments that address the rapid and systemic changes that are impacting how and where their employees work. “The North Carolina spirit is one of innovation, openness and hospitality, and the world is noticing what a unique place this is for companies to thrive,” said Sisak. “I’m thrilled to join a woman-owned business and excited to draw on Moser’s 40 years of global experience to develop workplaces that serve the needs of high-performing employees at both existing and new-to-market companies.” M Moser’s Raleigh-Durham offices are located in The Frontier at Research Triangle Park. For more information on the firm and career opportunities, visit https://www.mmoser.com. M Moser Associates is a global architecture, design, strategy and delivery firm with more than 1,000 professionals networked across Asia, India, Europe, and the Americas. Since 1981, we have helped transform organizations large and small as they’ve expanded locally and globally, providing solutions that meet the unique needs of their business and their people. Today, work happens everywhere, and the purpose of the office and the role it serves for employees is evolving. We believe that now, more than ever, a company’s physical workplace is a critical resource for creation, socialization and culture building. At M Moser, we work as one integrated team to align the physical, social and digital elements of your workplace and create healthy, agile and resilient virtual and physical spaces where people can connect, collaborate and do their best work – wherever they may be. To learn more about our team and how we work with clients and industry partners to create dynamic, resilient and human-centric environments please visit mmoser.com. Contact Details M Moser Associates, North America Mica Guitron +1 415-279-7305 micag@mmoser.com Company Website https://www.mmoser.com/en/

April 22, 2021 08:55 AM Eastern Daylight Time

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SSMS Law Firm Sues Utility Company on behalf of Bobcat Fire Victims and Utility Company and Mobile Phone Company on behalf of Silverado Fire Victims

Singleton Schreiber McKenzie & Scott, LLP

Singleton Schreiber McKenzie & Scott, LLP (SSMS), a leading California fire litigation law firm, announced today that it filed two lawsuits on behalf of hundreds of victims of last year’s Bobcat and Silverado Fires in Southern California. SSMS named both power company Southern California Edison (SCE) and mobile phone provider T-Mobile USA as defendants in the case about the Silverado Fire that burned more than 13,000 acres, critically injured two firefighters, destroyed five structures, and catastrophically impacted the local community. SCE previously reported that the Orange County Fire Authority is investigating whether the Silverado Fire was ignited when a broken lashing wire that may belong to T-Mobile contacted an SCE overhead primary conductor. As to the Bobcat Fire, SSMS sued SCE on behalf of more than 150 clients, stating that the power company’s negligence caused the fire that burned more than 115,000 acres, destroyed over 170 structures, and resulted in multiple injuries. The Bobcat Fire was one of the largest fires in Los Angeles County’s history. In both cases, the lawsuits allege that the defendants negligently, recklessly, and willfully failed to maintain an appropriate clearance area between their equipment in their utility infrastructures and surrounding vegetation. “At the time the Silverado Fire ignited, the defendants were aware that the nature and condition of its electrical equipment, along with geographic, weather, ecological, and other conditions, gave rise to a high risk that Edison’s electrical equipment and T-Mobile’s telecommunication equipment would ignite a wildfire like the Silverado Fire,” said Gerald Singleton, the founding partner of SSMS and one of the most experienced fire attorneys in California. “Similarly, SCE was aware of the inherent dangers and risks that the equipment within its electrical-utility infrastructure would ignite a wildfire like the Bobcat Fire. We are representing hundred of victims whose lives have been altered forever due to the negligence of the defendants.” Singleton Schreiber McKenzie & Scott, LLP, has over 100 employees and has offices throughout California. In the past decade, the firm has represented more than 10,000 victims of utility fires, in multiple states, and has recovered well over $1 billion in settlements and verdicts for its clients. The firm currently represents thousands of victims of the 2020 Mountain View, Zogg and Slater Fires, the 2019 Kincade Fire, the 2018 Woolsey and Camp Fires, the 2017 Thomas and North Bay Fires, and the 2015 Butte Fire. A copy of the Silverado Fire lawsuit is available here. A copy of the Bobcat Fire lawsuit is available here. Both can also be downloaded at www.LawsuitPressRelease.com. For more information, please visit SSMSJustice.com. -end- Contact Details John@LawsuitPressRelease.com +1 888-859-6637 john@lawsuitpressrelease.com Company Website http://www.SSMSJustice.com

April 22, 2021 07:00 AM Eastern Daylight Time

Industries look at transition opportunities as they work towards decarbonization

Morgan Marketing & Communications

In recognition of Earth Day, Purify Fuel’s CEO, John Carroll, reports that the company’s nanO2 fuel additive catalyst is proving to be a significant contributor to companies seeking to reduce their emissions in order to meet corporate and ESG (environmental, social, and governance) goals that stakeholders and shareholders are demanding. Use as a tool for decarbonization by the mining, fracking, power generation, offshore and maritime industries using diesel fuel is accelerating leading to wholescale adoption of the technology. “In this period of increased concern about climate change impacts, industrial companies are seeking interim measures to reduce their emissions while they examine long term energy alternatives,” Carroll stated. “Purify Fuel’s nanO2 fuel additive is proving to be an effective tool to reduce emissions today, without making large capital investments in new engines or infrastructure. It is not yet clear what technologies will be adopted to reach the United Nation’s goals for limiting climate change. Until that clarity is achieved, and large-scale investments made, Purify Fuel’s nanO2 can support their desire to reduce emissions and achieve ESG goals today.” Purify Fuel’s nanO2 technology is a proprietary combustion catalyst which causes diesel fuel to accelerate its combustion process, creating 8% more power using an average of 9.2% less fuel and producing up to an average of 17% lower CO and 20% Nitrous oxide. Further, usage tests have demonstrated a 50& decrease in opacity. “We are partnering with our customers to help them achieve immediate ESG goals through reduced emissions from their diesel fueled engine use,” stated Carroll. “Especially on Earth Day, we are honored to be a transitional solution to reducing emissions and helping reverse the effects of climate change to achieve global goals.” Purify Fuel’s nanO2 is a game changing product scientifically proven to optimize fuel combustion to save fuel, reduce emissions, and protect engines without equipment modification or disruption in operations. With nanO2 fuel optimization, a practical, scalable solution to diesel energy challenges is available now. For more information, go to Purify Fuel nanO2 ESG technology. Contact Details Purify Fuel Carleen Lyden Walker +1 203-260-0480 c.walker@purifyfuel.com Company Website https://morganmarketcomm.com/

April 21, 2021 03:00 PM Eastern Daylight Time

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NAMEPA’s Maritime Sustainability Program Receives Global Recognition

North American Marine Environment Protection Association

Green4Sea has announced that the North American Marine Environment Protection Association (NAMEPA) has won the 2021 Green4Sea Initiative Award for its CSR/ESG (Corporate Social Responsibility/Environment, Social and Governance) Maritime Sustainability Program. The Green4Sea award is given to an organization that has sparked, realized, or significantly contributed with a specific initiative towards greener shipping. NAMEPA is extremely proud of its contribution to the maritime industry with its CSR/ESG Program being the first known standards program of its kind developed especially for the maritime industry. Successful participants of NAMEPA’s CSR/ESG Program receive the Maritime Sustainability Passport and MSP Seal, signifying a participant has met, or exceeded benchmarks set by the program. The program encompasses the three strategies of CSR/ESG: environment, corporate governance, environment and the human element. “After reviewing the global maritime landscape, and verifying with The Governance and Accountability Institute, we have learned that NAMEPA’s CSR/ESG is the only ESG accreditation standard for maritime,” stated Carleen Lynden Walker, NAMEPA’s Co-Founder and Executive Director. “We are honored that we can provide this opportunity for the industry to be credibly recognized for its high standards on these measures which are important to the public as well as investors in shipping and the industry at large.” The first companies to qualify for NAMEPA’s Maritime Sustainability Passport were Cargill, The American Club and Mediterranean Shipping Company (MSC). These three exemplary companies successfully completed all three phases of the program, including supplying supporting documentation for their claims. Their submissions were then evaluated by a team of independent assessors to determine whether they met the criteria of the CSR/ESG Program and were eligible to receive NAMEPA’s MSP Certificate and Seal. Cargill, The American Club and MSC successfully demonstrated to the assessors their qualifications to receive the Maritime Sustainability Passport, and have proven their dedication and continuing efforts to Save Our Seas. “The maritime industry is rapidly recognizing the importance of demonstrating its commitment to sustainability” stated NAMEPA Chairman Joe Hughes, CEO and President of the Shipowners Claims Bureau. “NAMEPA identified the need to provide the industry with a standard guideline of expectations relating to a company’s efforts in CSR/ESG. We are pleased to provide this tool for the industry to support its efforts towards sustainability.” To learn more about NAMEPA’s CSR/ESG Program, visit NAMEPA's CSR/ESG Maritime Sustainability Program - NAMEPA or email CSR-ESGProgram@nameapa.net with any relevant questions. The program is offered to NAMEPA members at no cost to qualify for the Maritime Sustainability Passport and receive the MSP seal. Non-members are welcome to apply to participate at a cost of $2000 or become NAMEPA members and have the fee waived. To protect the proprietary information of the qualifying companies, NAMEPA offers a non-disclosure agreement. The North American Marine Environment Protection Association (NAMEPA) was officially launched in 2007. NAMEPA is a marine industry-led organization of environmental stewards preserving the marine environment by promoting sustainable marine industry best practices and educating seafarers, students and the public about the need and strategies for protecting global ocean, lake and river resources. For more information, go to www.namepa.net. Contact Details NAMEPA Carleen Lyden Walker +1 203-255-4686 executivedirector@namepa.net Company Website https://namepa.net/

April 21, 2021 12:01 PM Eastern Daylight Time

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How 529 College Savings Plans Work by Jennifer Lang Financial Services

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang Financial Services, LLC. Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

April 20, 2021 10:05 AM Eastern Daylight Time

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CMMC Center of Excellence Announces Engagement Agreement with CICER ONE TECHNOLOGIES

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with Cicer One Technologies, an innovative company with a suite of communications and data management and protection tools that are specifically designed to end 3rd party exposure of sensitive information, to protect CUI, intellectual property and sensitive financial, customer, and employee data. Decentralized Autonomous Edge Computing by Cicer One Technologies Inc provides turn-key compliance solutions for CMMC, NIST 800-171, ITAR and Federal or State level privacy requirements. Zero-trust, jurisdictionally controlled management of users, documents, and chat communications enables non-technical business owners the confidence and ease-of-use required to achieve compliance in a cost-effective manner. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. The executed Engagement Agreement establishes a collaborative engagement between Cicer One Technologies and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor, vendor, and supplier community of providers creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( http://cmmc-coe.org ) and Cicer One Technologies ( https://ciceronetech.com ) partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. “We are excited to embark on this journey with Cicer”, said John Weiler, Chairman of the Board at CMMC Center of Excellence, “The foundation of CMMC starts with visibility into devices in the network and the risks they bring. This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience for the US Department of Defense (DoD)”. Cicer One Technologies adds to the growing list of recognized technology providers contributing to the growth and advancement of the CMMC compliance knowledge base, product refinement, and education collateral. Together we share the responsibility to accurately disseminate knowledge and education thereby building cyber resiliency across the DIB supply chain. “This new partnership further enables important and critical discussions regarding cybersecurity and the protection of the DIB supply chain. We are excited to contribute in the development and education of policy, products, and services throughout the adoption of the CMMC protocol supporting contractors across the country,” said Robert Embleton, CEO. The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC Center of Excellence, please visit http://cmmc-coe.org, email info@cmmc-coe.org or call 703-863-3766 For more information on Cicer One Technologies, please visit https://ciceronetech.com/ email info@ciceronetech.com or call 512-582-7009 About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

April 20, 2021 06:00 AM Eastern Daylight Time

XA Network expands and appoints senior advisory board, as Southeast Asia digital economy races ahead

XA Network

The XA Network [the X denotes any tech firm with $1b+ valuation and the A refers to Alumni], the leading member-based investment network of executives from prominent tech firms in Southeast Asia, has today appointed an advisory board. The appointments signal the organisation's growth and reach, as the Southeast Asian digital economy proves resilient and is racing ahead at full velocity. John Wood (ex-Microsoft, Room To Read), Steve Chen (co-founder of YouTube), Maya Hari (Twitter) and David Thevenon (Balderton Capital, ex-Google) have been appointed to advisory board positions. They will work directly with the members as the organisation scales and will champion the new purpose - to be an organisation that fosters inclusive innovation for the benefit of start-ups across Southeast Asia. On his appointment, John Wood, advisory board member at XA Network commented: “I’m delighted to join this esteemed board to support and drive the ambitious community of investors. The XA Network brilliantly embodies Metcalfe's law – e.g., the value of a network rises exponentially as the number of users grows. I believe this generation of technology leaders, by working together to support the start-up ecosystem in Southeast Asia, will have an immense impact on the region. We are all very committed to the power of smart capital, intense mentoring and fuelling inclusive innovation. This approach resonates with me on many levels and I look forward to helping XA Network scale to the next level”. The XA Network is made up of 100 tech leaders from companies including Alibaba, Gojek, Grab, Google, Amazon, Netflix, YouTube amongst others. These investors offer an unmatched array of skills and counsel to their portfolio companies from engineering advice, product management, to marketing and partnership building experience. As a collective, this is embodied in their purpose to foster inclusive innovation beyond simply investing in start-ups. The XA Network exists to empower the tech community in Southeast Asia with its inclusive innovation approach. The Southeast Asia digital economy is forging new ground every year* and 2020 was no different, despite COVID-19. Over 70% of the region is now online, accounting for 400 million people (of a total population of 580 million). Digital adoption of consumer-service businesses increased as more people spent time online during lockdowns. HealthTech and EdTech based companies are earmarked to take-off in the coming years. Overall, the digital economy added USD $100 billion to the region and is poised to grow to over USD $300 billion by 2025. The XA Network portfolio businesses are making a positive impact across the region such as Indonesian startups, Sampingan who enable access to the gig economy and Bukukas who enable small businesses to digitize their operations. Meanwhile, Singapore-based mentor platform Tigerhall is connecting the world’s most successful people with young professionals. Nellie Wartoft, CEO at Tigerhall commented: "We raised $2m in 2020, it was a huge milestone for the company but we had a lot to do. The XA Network members are some of the absolute most supportive investors I've ever had on my cap table. They're never afraid of rolling up their sleeves and doing real work either, which is rare to find amongst investors. They feel much more like an extended team than just financial investors to me, and have been key to Tigerhall's success." The appointments come at an exciting time for XA Network as they achieved their first exit. Lomotif, Singapore’s video-sharing service, was acquired by a syndicate for US$125 million. The deal is said to be one of the biggest exits by a tech startup in Singapore in recent years. XA Network highlights (last 12 months) Membership base increased from 50 to 100 people in March 2021 XA Network portfolio includes 30 start-ups in a range of sectors including mobility, healthtech, foodtech, edtech, adtech, fintech, social commerce, proptech Portfolio companies have also gone on to raise $82m in follow-on capital Notes to the editor * e-Conomy SEA 2020 Report About the XA Network The XA Network [the X denotes any tech firm with $1b+ valuation and the A refers to Alumni] is an investment network comprising senior executives from prominent tech companies including Alibaba, Gojek, Grab, Google, Amazon, Netflix and Twitter amongst others. Its mission is to invest and empower early-stage companies across Southeast Asia through their inclusive innovation approach, by exposing these businesses to the wide array of skills in the network. Since 2018, they have made 30 investments and expanded their member base to 100 people. XA Network has invested in a wide variety of promising companies including Bukukas, Tigerhall, Sampingan, Neuron, and Infradigital as well as the Vertex Southeast Asia and India fund. Contact Details XA Network Bilal Mahmood +44 7714 007257 press@xanetwork.co Company Website https://xanetwork.co/

April 19, 2021 08:00 PM Eastern Daylight Time

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The big move: A third of UK households to move home as COVID-19 set to change where Britons live

Romal Capital

Millions of us are set to move home permanently, as a consequence of the pandemic, citing remote working as the facilitator and quality of life as the ambition, according to new research by property developer Romal Capital. The national survey* of 2,000 households found that nearly a third (31%) are planning to change their living arrangements following successive lock-downs and remote-working experiences. This is a staggering increase as only between 4% to 5% of households, typically, move homes in any given year**. The need to move is slightly higher in the 25-34 years age category (32%) compared to slightly less in those over 60 (28%). One fifth (20%) will have aimed to move within the next three months. The ability to combine working from home and in the office in a hybrid working environment influenced more than a quarter of respondents (26%) to consider relocation. Remote working aside, over a quarter of those surveyed (26%) mentioned the need for suitable jobs in the local area. “We’re seeing a paradigm shift in how this country wants to live and work,” says Romal Capital’s CEO Greg Malouf. “Hybrid working options and lifestyle changes are two key elements driving this change in behaviour. Moreover, the temporary stamp duty holiday and the desire to cash-in on significant property price increases in 2021 have also empowered decision making. In fact, in the same period a 16% property price-hike in Liverpool alone, underlines this very bullish market. The current UK housing market simply does not match this new reality, and with these changing demands, there needs to be a country-wide rethink on meeting housing needs.” While still considering location, 29% said that a good standard of living will be the most important factor in deciding their future location. It seems however people do not want to go completely remote with almost a quarter of respondents (23%) citing road networks and connectivity as two important criteria, with areas perceived likely to increase in value (10%) and locations near hospitals (9%) closely following. People ranked Waterfront living, whether by the sea, lake or canal, as the top “X-factor” draw for their new living location followed by substantial green spaces and good community feel. Of these, over half (51%) of 35-44 year olds selected community feel in contrast to 41% of the over 60’s who opted for waterfront living (61%). Notes to the editor *Research findings based on a survey of 2,000 UK households carried out in April 2021 for Romal Capital by LMRMC (Market Research Society approved partner and ESOMAR corporate member). ** ONS, Families and households in the UK. About Romal Capital Romal Capital is an international award-winning property developer based in Liverpool. The team brings to the city over 60 years of combined property development experience from across Liverpool, and other major UK and international cities. Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.romalcapital.co.uk/

April 16, 2021 04:00 AM Eastern Daylight Time

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