Chesterfield warehouse sold to local business

FHP Property Consultants have sold Units 1 and 2 Whittington Way in Chesterfield to Valve & Process Solutions Ltd, an existing Chesterfield occupier seeking larger premises. Valve & Process Solutions specialises in the specification and supply of flow control equipment such as Valves, Actuators, Switchboxes, Positioners, Solenoids and Ancillary Equipment to the process industry. The modern warehouse provides 12,536ft2 of accommodation across two units. Darran Severn of FHP Property Consultants said: “I am delighted that after high levels of interest we could secure a buyer for this property. “There remains little space to buy on the market of any size throughout the region and as a result we were able to place this property under offer within a week of placing it on the market. As a result we achieved the guide price which is an excellent result for our clients.”

Just two days to go before East Midlands makes historic decision on who will lead £4bn investment in region’s economic future

People across Derbyshire and Nottinghamshire are just days away from a decision that will determine how billions of pounds is invested in the regional economy. Voters from across Derbyshire, Derby, Nottinghamshire and Nottingham will elect the first-ever East Midlands mayor on Thursday 2 May. The mayor will lead the new East Midlands Combined County Authority (EMCCA), which will have access to more than £4 billion of new investment in the region for skills, transport, housing and regeneration and net zero – with further investment likely to follow. The vote has been hailed as an “historic moment’ in the region’s future which can turn round decades of under-investment. It also means decisions about key issues affecting the future of people, places and businesses across the East Midlands will now be taken here in the region rather than down in Westminster. Mark Rogers, the interim Chief Executive of the EMCCA, said: “It’s absolutely vital that people across all of the East Midlands’ businesses and communities go to the polls on 2 May. This is their region, their mayor and their vote – and it’s going to have a major impact on their future. “For people across Derbyshire, Derby, Nottinghamshire and Nottingham, this is a genuinely historic moment. For the first time, they will have regional control so that decisions about major issues can be taken in a way that suits regional needs rather than a one-size-fits-all national policy. “By voting for a mayor, they will also have an elected figurehead who can speak up for the East Midlands nationally, and be at the top table to help secure a fair share of funding in the future. “If you look across the region, you can see huge potential for progress all the way from communities to businesses. With a mayor and a combined authority, we will be able to tailor the way we invest so that it makes the most of those opportunities.” The £4 billion investment has been made possible by a landmark devolution deal which means government has handed back some of its powers to an East Midlands mayor and combined county authority. This means the East Midlands will now be on the same level as the West Midlands, Greater Manchester and South Yorkshire, where elected mayors and combined authorities have secured substantial investment. The EMCCA is a new organisation which will have only a small team supporting its work. It is being funded by government and will not take money away from existing council budgets. While existing councils are set up to deliver specific local services in defined areas, EMCCA will focus on major strategic issues across the whole region. Decision-making will be led by the elected mayor, and will be based on four key priorities: · Skills and adult education – working with the region’s employers and skills providers to ensure people develop skills that enable them to access fulfilling careers. · Homes – working with local authorities, landowners, developers and housing providers to create affordable, good quality homes and retrofit existing homes to make them more environmentally sustainable. · Transport – working with local and national transport providers to improve infrastructure and services in a way that best serves the region’s needs. · Net zero – invest in new forms of clean energy and develop a clear path for the region to achieve net zero. Mark Rogers added: “This is a huge opportunity for people and businesses all over the East Midlands to make the most of regional control and shape their destiny. Instead of these big decisions being made down in Whitehall, they’ll be made here by people who know the region, and understand its challenges and how to exploit its many opportunities. “Voting for a mayor on 2 May is only the start. With more than £4 billion of funding available, it means the mayor and EMCCA can kick-start progress, attract further investment from business and government, and drive improvement in issues that matter to everyone. “This is all about making the most of new powers handed back to the region. The biggest power of all lies with voters, and I urge people to make their choice by voting in the East Midlands Mayoral election on 2 May.” EMCCA has been made possible by a partnership between Derbyshire County Council, Derby City Council, Nottinghamshire County Council and Nottingham City Council.

BSP Consulting appointed on £6.6m housing provider framework

East Midlands-based civil and structural engineer BSP Consulting has been appointed onto the (Longhurst Group) Keystone Developments (LG) Limited Professional Services and Consultancy Framework.

The company has been successfully appointed on three lots relating to civil and structural engineering for new build residential schemes, new build extra care facilities and refurbishment projects.

BSP Consulting MD Carl Hilton said: “We are very pleased that BSP Consulting has been appointed onto the (Longhurst Group) Keystone Developments (LG) Limited Professional Services and Consultancy Framework.

“The company has wide experience of working with housing providers across the Midlands and beyond, including Longhurst and Nottingham Community Housing Association who can both access this framework.

“As one of the leading independent civil and structural engineering companies in the East Midlands, BSP Consulting is currently on numerous frameworks and we are proud to have been appointed to this latest one, which highlights our expertise in the affordable housing and extra care sectors and opens up an additional pipeline of opportunities for us.”

Keystone Developments is part of Longhurst Group which is one of the largest housing groups in the Midlands and East of England, owning and managing more than 24,000 homes and delivering a wide range of care and support, specialist housing and home ownership services.

The four-year framework can be accessed by a number of organisations including Longhurst Group, Nottingham Community Housing Association, Tuntum Housing Association, Lace Housing, Norton Housing and Support, YMCA Derbyshire, Lincolnshire Housing Partnership, Lincolnshire YMCA, Framework Housing Association, Lincolnshire Rural Housing Association and YMCA Robin Hood Group.

BSP Consulting, based in Oxford Street, Nottingham, and with offices in Derby and Leicester, was successful in its application to be appointed to all three civil and structural engineering lots.

Drinks company fined after employee loses finger

A drinks company has been fined £14,000 after a man’s finger was amputated after being caught in bottling machinery. Daniel Richardson, then 32, assisted a colleague who was encountering problems with a bottle capping machine at the plant in Wigston, Leicestershire on 17 January 2022. Mr Richardson, from Leicester, was able to reach into the machine and into the capper unit to remove the jammed part at which point the capper head descended onto his finger, amputating the tip. Attempts were made at Leicester Royal Infirmary to re-attach the tip of the finger – this proved unsuccessful, and it was subsequently necessary to amputate his finger between the first and second knuckle. An investigation by the Health and Safety Executive (HSE) found that Sourcing International Limited, trading as Drinks Chef, failed to properly guard against access to dangerous parts of machinery – in this instance fixed guarding had been removed and the machine was frequently used without it. Additionally, an interlock device which should function to isolate the power and stop the machine when protective doors / guards were opened elsewhere on the machine was inoperable and so access to moving parts of machinery was further possible. Sourcing International Limited t/a Drinks Chef, of Unit A1 Bowbridge Works, Chartwell Drive, Wigston, pleaded guilty to contravening a requirement of Regulation 11(1) of the Provision and Use of Work Equipment Regulations 1998. The company was fined £14,000 and ordered to pay costs of £4,175.79 at a hearing at Loughborough Magistrates Court on 24 April 2024. After the hearing, HSE inspector Rebecca Gibson said: “This tragic incident highlights the duty on employers to ensure machinery, and other work equipment, is safe for use. Suitable guards would render dangerous parts of machinery inaccessible during normal use and would have avoided this serious injury to Mr Richardson.” This prosecution was supported by HSE enforcement lawyer Sam Crockett.

Nottingham Business School joins world top 1% with ‘triple crown’ accreditation

Nottingham Business School (NBS) has joined the 1% of business schools in the world to hold triple accreditation for excellence after receiving a global mark of recognition for its MBA and Masters courses from the Association of MBAs (AMBA). 

NBS, part of Nottingham Trent University, already holds AACSB and EQUIS accreditation, two of the most important marks of quality in business education, and is now one of only 129 universities across the globe to have been awarded all three. 

Its latest accolade from AMBA demonstrates that NBS has met the highest standards in teaching, learning and curriculum design, career development and employability, and student, alumni and employer interaction.  

AMBA only accredits programmes from the top 2% of business schools in five continents and limits the number of institutions to 300.  

The assessment also led to Business Graduates Association (BGA) accreditation, which recognises positive impact, responsible management, and lifelong learning. 

An international expert panel visited NBS to examine its MBA, Executive MBA and new Global Executive MBA programmes, along with its MSc Finance course as an example of the School’s Masters offer.   

The assessors particularly noted the significant experience of the NBS faculty and its supportive working environment, as well as the School’s achievement of ‘consistently exceeding student expectations in the delivery of a very positive student experience’. 

The report also highlighted the quality of NBS’ new multimillion-pound Postgraduate Centre, which was purposely designed to accommodate its collaborative teaching style and includes a hub for MBA alumni. 

Executive Dean of Nottingham Business School, Professor Baback Yazdani, said: “Achieving triple crown accreditation is the highest benchmark of international excellence for business schools. It is not only further worldwide recognition for NBS as an institution, but also for our graduates who will be considered top talent by employers.  

“It also demonstrates the commitment of everyone within NBS to delivering innovative, personalised and effective leadership education to our students, so they become globally responsible citizens who can make a lasting and positive impact on the world.” 

Water efficiency funding launched for Midlands businesses

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A project has been launched that will see 100 business sites across a large portion of the Midlands undergo free water efficiency audits and improvements. The partnership is between water retailer, Business Stream, and the water wholesaler for the region, Severn Trent, and is funded by the latter’s £566m Green Recovery Programme. Each site chosen as part of the pilot will receive up to £1,250 to cover the full cost of the audit and installation of water efficient devices including taps and showers. Major national and regional companies are signed up to the initiative, including Boots, Greggs, Lloyds Bank, Next and Network Rail – and Business Stream is now urging SMEs to come forward to benefit from the scheme. Tom Abel, Director of Sales at Business Stream, said: “We know that water can sometimes be overlooked in favour of other areas to improve business sustainability. And yet, by reducing water use businesses stand to save a significant amount of money as well as generate environmental savings. “By removing any upfront costs we have a great opportunity through this initiative to help businesses realise the benefits water efficiency can deliver. We’re delighted to be working in partnership with Severn Trent on this project and hope it will pave the way for similar initiatives across the country.” Kelsey Martin, Workstream Manager at Severn Trent, said: “The last few years have been tough on businesses, and we want to help. That’s why we’re offering free water audits and water saving solutions, alongside Business Stream. “The audits will be able to help detect and resolve issues that could be costing a business money – a leaky loo, for example, can waste up to 400 litres of water every day, meaning businesses can be wasting money on water that they’re not actually using, so we’re delighted to be able on hand to help through our Green Recovery.”

Businesses invited to have their say in new Gedling Business Support Network

Businesses local to Gedling or trading in and around Gedling are to be offered new support following the establishment of the new Gedling Business Support Network.

The new Network will be launched on Friday, 10 May at the Richard Herrod Centre in Carlton. It is being funded by Gedling Borough Council’s share of the UK Shared Prosperity Fund (UKSPF) and delivered by East Midlands Chamber.

Its aim is to enable local businesses to work together, learn new skills and stay up to date on relevant local, regional and national support.

As well as presentations from the Council and its partners on the fully funded business advice, training and consultancy on offer, the launch event will be highly interactive. Businesses will be invited to participate in practical exercises to share their challenges and to tell the stakeholders present exactly where they need the new Network to help.

Gedling Borough Council Portfolio Holder for Sustainable Growth and Economy Jenny Hollingsworth said: “I really look forward to meeting and hearing from local businesses and hope many, from in and around Gedling, are able to attend. “It is of particular relevance to businesses who want to grow Gedling’s reputation as a place to do business and explore opportunities to work with other local businesses.” East Midlands Chamber Deputy Chief Executive Diane Beresford said: “We’ve put together a series of interactive exercises to really drill down to what’s keeping Gedling businesses awake at night and how the Chamber and Council can address those issues, both through the Network and through support delivered through the Gedling Accelerator project and our routes into national programmes.”

Nottingham MedTech company raises £9.2m

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Locate Bio, the Nottingham-based MedTech company, has successfully completed an oversubscribed £9.2 million funding round from both new investors and existing investors, Mercia Ventures and BGF. The proceeds will fund a clinical study of LDGraft, a bone graft substitute for spinal fusion.

This funding and the clinical trial known as RESTORE (A Randomized Study of LDGraft in Single Level Anterior Lumbar Interbody Fusion) marks a significant milestone in the company’s mission to relieve suffering and restore the quality of life for millions of patients suffering from debilitating orthopaedic conditions worldwide.

Locate Bio combines decades of research in advanced drug delivery systems and utilises a proprietary protein encapsulation method to deliver a powerful therapeutic protein called rhBMP-2. This is combined with an osteoconductive scaffold in LDGraft, which received a US Food and Drug Administration (FDA) breakthrough device designation in 2023.

CEO John von Benecke said: “This oversubscribed funding round underscores the significant investor confidence in the company’s vision and the potential of LDGraft to become the most relied-on bone graft substitute globally.”

“With the rapidly ageing global population, there is an urgent need for products that address chronic, progressive, and debilitating back pain,” added von Benecke. “With a design inspired by nature for a more biomimetic approach to the release of rhBMP-2, we are incredibly excited about the potential of LDGraft. The RESTORE clinical trial is an important step towards realising that ambition.”

Jonathan Earl, investor at BGF, said: “Locate Bio has demonstrated significant progress in its drive towards developing innovative solutions that address a wide range of musculoskeletal needs. Their approach represents a significant breakthrough in this field and we look forward to providing continued support for the business as it moves through clinical trials and towards regulatory approval.”

Alex Gwyther, investor at Mercia Ventures, said: “We have long believed in Locate Bio’s mission to develop next generation orthobiologics that can transform patients’ lives. We are pleased to see both the progress in the technology and the world-class team that the company has brought together.”

Frasers Group to commence new share buyback programme

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Shirebrook-based Frasers Group is set to commence a new share buyback programme with Jefferies International Limited. 

The aggregate purchase price of all shares acquired will be no greater than £80m.

The maximum number of shares that may be purchased will be 10,000,000 ordinary shares.

The purpose of the programme is to reduce the share capital of the company.

The shares repurchased by the company will be held in treasury pending cancellation or re-issue.

Yorkshire law firm acquired by Castle Donnington counterpart

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A Yorkshire law firm has been acquired by a Castle Donnington-based counterpart, creating a 60 plus-strong workforce and paving the way for future expansion. WLR Law has purchased commercial, media, and sports law expert Front Row Legal (FRL) for an undisclosed fee. Claire Dibb, WLR group CFO – who has worked with several legal firms in Yorkshire and across the UK, providing commercial financial management & CFO leadership to both SME & corporate clients – will be part of the Board of Directors, to help drive future growth. Richard Cramer, FRL Managing Director, says: “This seamless integration of our expertise and resources is a remarkable opportunity to elevate our client offerings and tap into WLR Law’s vast resources. “I’m thrilled to embark on this journey which will set new benchmarks for legal services in our focused sectors – further refining our approach to meet the evolving needs of our clients with even greater precision and care.” Richard adds: “The new combined workforce will be around 60 – greatly enhancing the scope of services we can offer. We’re always looking to recruit quality professionals, and I’m confident this acquisition is just the start of an ongoing expansion plan to create additional jobs in the coming years.” Martin Collins, WLR Law principal MD and board director, says: “This merger is a celebration of shared values and our unwavering commitment to client success. Together we’re perfectly poised to drive further innovation in the way legal advice is delivered, improving the impact and accessibility for our clients.”