Loughborough University is collaborating with academics from Oxford University, Imperial College London, and King’s College London to develop hydrogen-powered jet engines.
Asbestos management consultancy raises £3,000 at halfway point of charity challenge
East Midlands businesses face new challenges with upcoming changes to employment rights
The government has outlined a timeline for implementing its Employment Rights Bill, which will bring several significant changes to employment law, affecting businesses in the East Midlands. Companies will need to prepare for increased administrative tasks, including updating staff contracts, managing higher costs, and addressing new paperwork requirements.
Starting in April 2026, the Bill will grant workers “day one” rights for paternity and unpaid parental leave. Statutory sick pay will be extended, with the removal of the lower earnings limit. By October 2026, businesses will no longer be able to use “fire and rehire” practices, and employers will be required to take all reasonable steps to prevent sexual harassment in the workplace.
By 2027, additional protections will be introduced for pregnant women and new mothers, including enhanced dismissal protections. Employers will also face new measures to prevent unfair dismissal from the very first day of employment. These changes will require businesses to adjust their practices and ensure compliance with the new legal landscape.
Northampton launches masterplan to revitalise its town centre
West Northamptonshire Council is inviting local residents, businesses, and community groups to help shape the future of Northampton town centre through the draft Northampton Town Centre Masterplan. This initiative aims to provide a long-term vision for the area, focusing on enhancing streets, public spaces, housing, and supporting local businesses.
Building on significant ongoing projects such as the revitalisation of Market Square and plans to redevelop former M&S and BHS stores, the masterplan offers a cohesive approach to guide future investments. The goal is to ensure these developments meet the needs of the community and align with their aspirations.
Key to the plan is a focus on making the town more walkable and better connected, improving the riverside to boost leisure and nature spaces, and restoring heritage buildings to their former glory. The vision also includes creating more housing options in the town centre to foster a vibrant, mixed-use community that supports local shops, promotes pedestrian and cycling access, and increases the area’s overall vibrancy.
To gather community input, the council has launched a dedicated website, northamptonforward.com, where people can review the proposals, explore different ideas, and share their feedback through a brief survey. This initial round of engagement will inform the final version of the masterplan, which will be published later this year, ensuring that future changes reflect the priorities of those who live and work in Northampton.
Another year of revenue growth for Gateley
Professional services group Gateley has seen another year of revenue growth – its tenth consecutive year since IPO – against an unpredictable economic backdrop.
According to audited results for the year ended 30 April 2025 (FY25), the business delivered revenue growth of 4.1%, increasing to £179.5m from £172.5m in the year prior.
Meanwhile, group underlying profit before tax rose to £23.3m from £23m, though reported group profit before tax dropped to £6.4m from £14m.Rod Waldie, CEO of Gateley, said: “FY25 represents another year of revenue and underlying profit growth for Gateley, set against an unpredictable economic backdrop for much of the year. We are particularly pleased that this growth was driven by the combination of positive returns on our recent investments with an increase in activity levels and active management of cost inflation.
“In-Period highlights include the renewal and increase of our revolving credit facility to £80m. This is primarily to support further investment in our diversified growth strategy and our Employee Benefit Trust in facilitating our equity incentivisation and recirculation strategy.
“We remain ever alert to acquisition opportunities that will add value to our diversified portfolio and build on our successful M&A track record. Despite an increasingly competitive backdrop, we are confident in the quality of our pipeline, the rigour of our selective process and we look forward to updating shareholders in due course.
“Looking forward, the resilience of our diversified model, our strong financial foundations, and our unbroken track-record of revenue growth, underpins our confidence. Our long-term strategy of client-focused investment in people augmented by continued improvements in our internal structure and technology, will ensure the Group is positioned well to deliver profitable growth in FY26 and beyond. Whilst we continue to monitor and adjust in response to the unpredictable environment, the Group is carrying good momentum into the current financial year.”
Burton testing, inspection and certification services provider acquires Scottish firm
Shareholders back takeover of Boots’ parent company
Loughborough University part of new collaboration advancing zero carbon aviation with hydrogen
Derby developer acquires Looms site
Diversity in business driving success
Leicestershire Business Voice recently hosted an insightful event focused on diversity and inclusion, highlighting its importance for modern businesses. The event, held in collaboration with De Montfort University Leicester (DMU), aimed to demonstrate how creating inclusive workplaces is no longer just a moral choice but a key business strategy.
Business leaders from industries like recruitment, manufacturing, and technology shared their experiences and strategies for fostering diverse and inclusive work environments. The session explored the broader definition of diversity, the obstacles in creating open workplaces, and how language barriers can sometimes hinder progress.
A major takeaway was the importance of organisational culture in driving success. Speakers stressed that business culture should be a priority for leaders, as it shapes company values, employee behaviour, and relationships within the workforce. The event also addressed how diverse teams contribute to innovation, talent attraction, and overall business resilience.
The discussions underscored the value of honest conversations in effecting change and improving business practices. Organisations that prioritise culture and inclusivity are more likely to thrive in the long term, with diversity naturally emerging as a result.
Portman Finance secures £10m funding to boost SME finance options
Portman Finance Group, a Northampton-based lender, has secured a £10m funding line from Shawbrook’s Speciality Finance team. Founded in 2007, Portman has evolved from a finance brokerage to a direct SME lender, now employing over 100 people. The company has already provided more than £1.5bn in funding to over 20,000 businesses.
This new funding will enable Portman to expand its loan offerings, focusing on larger and longer-term finance solutions for small and medium-sized enterprises (SMEs) in the UK. The funding will support Portman’s strategy to grow its capabilities and assist more SMEs in accessing the finance they need to scale.
With this partnership, Portman aims to strengthen its market position and further contribute to the growth of UK businesses. The funding line is expected to be a key enabler in Portman’s ongoing expansion plans.