The new plans are for a hybrid residential development, comprising Build to Rent (BtR) and shared apartments. The building will be positioned to the south of the brownfield site, forming a central courtyard to be shared by both the Phase 1 student accommodation building and the proposed Phase 2 residential building.
The development would contain 274 dwellings (a mix of build-to-rent studios, 1 bed, 2 bed, and 3 bed apartments, and shared 4 and 5 bed apartments) as well as a range of amenity spaces, including co-working space, meeting rooms, a cafe, landscaped roof terrace, and sky lounges.
A planning statement submitted to Nottingham City Council says the scheme “will redevelop an underutilised site for residential use and add to the choice of housing available in the city centre. The proposed development will preserve and enhance the character and appearance of the Station Conservation Area and improve the wider street scene.”
Plans submitted for 18-storey residential development in Nottingham
Plans for a new residential building, reaching to 18 storeys, on Queens Road in Nottingham City Centre have been submitted.
MRP Nottingham Ltd are behind the proposals, which represent Phase 2 of the wider redevelopment of the former 1-4 Queen’s Road site. Phase 1 comprises a 406 bed student accommodation building currently under construction.
Innovation Awards finalists meet competition sponsors
This year’s Leicestershire Innovation Awards shortlisted businesses have joined sponsors and other guests at De Montfort University for a pre-awards event.
The awards are this year being led by the LLEP Business Gateway Growth Hub for the first time. Dr Nik Kotecha OBE DL, Chair of the LLEP Innovation Board, congratulated entrants for reaching the final shortlist. He said: “Everyone reaching the shortlist has, in fact, already succeeded. The standard of entries has been so high this year – competition has been incredibly strong.
“Our finalists have all demonstrated exceptional achievement, commercial impact, technical excellence, and creativity – all underpinned by an innovative mindset.
“Our entrepreneurial community throughout Leicestershire is driving growth through innovation, creating jobs and strengthening our economy – we have much to celebrate together.”
Phoebe Dawson, Chief Exec of the Leicester and Leicestershire Economic Partnership noted that innovative thinking was required from the Growth Hub itself as it took the lead on the awards for the first time late last year.
She said: “We worked with partners and sponsors to secure the event for 2024, build a whole new nomination platform, and secure a record haul of nominees. The finalists from those nominees are here tonight and it’s great to meet face-to-face.”
Phoebe described the Business Gateway Growth Hub’s work in supporting innovative small businesses over recent years, with gains in productivity made across a host of sectors. “The Growth Hub will continue joining up the dots for local businesses needing support as the LLEP transitions into a new structure over coming months.”
Lincoln tech business makes acquisition as part of growth strategy
Bluecube Cloud Services Limited has acquired Techbox Managed IT Services Limited as part of its business growth strategy as it evolves from a communications provider to MSP (managed service provider).
Bluecube was founded 15 years ago, initially to provide mobile phone services for business, as well as broadband and telephony. The communications side of the business evolved and Bluecube became a key provider of hosted telephony, unified communications, mobile and internet connectivity services.
Last year the business entered into the IT sector and the acquisition of Techbox Managed IT Services adds momentum to this growth.
In a statement on the acquisition, Managing Director Paul Reames said: “We are absolutely thrilled to welcome the Techbox team and a diverse base of business and education sector clients to add to our growing customer base.
“The merging of the Techbox and Bluecube skill sets demonstrates our commitment to bringing further new talent into the business as we strive to become a leading MSP.”
Techbox was founded in 2018 by Andy Fellows, who becomes Head of IT Services at Bluecube as part of the acquisition deal. Andy and his team have more than 20 years of experience in the IT industry supporting clients in the education and SMB sectors.
As part of the acquisition Bluecube has taken new and larger offices in Lincoln to make room for the new team.
Derby HR & employment company recruits new head of client services
A HR & employment company has continued its growth by adding an experienced head of client services to its ranks.
Derby-based Precept has welcomed Mark Honeybell to the team. Mark has previously worked for Flint Bishop, Knights and TDX Group, where he was client services excellence manager.
His appointment brings the number of members at the Mansfield Road business – part of the Barron McCann group of companies – to seven.
Mark, who is also commanding officer in a voluntary role with Derbyshire Army Cadets, said: “I am delighted to have joined the team at Precept.
“I have been admiring them from afar for a while now and I like their ethos and what they stand for; they offer no-nonsense HR & Employment Law services and genuinely care about the people they work with.”
Mark has known Precept director and co-owner Rob Tice for more than 10 years; the pair worked together at Flint Bishop in 2010.
“The position I held at Flint Bishop was very similar to the one I’ll be doing at Precept,” said Mark.
“My job at Flints was to grow the business and Rob trusted me to just get on with it; we worked well together, and it will be great to rekindle that relationship at Precept.
“My job at Precept is to get to know the clients and to nurture the relationship. It’s a very important job and I’m looking forward to understanding more about Precept’s clients and what they’re about.”
Mark spent more than five years in the Army. A former cadet himself, Mark looks after 950 young people as Commandant with Derbyshire Army Cadets.
It is a big commitment, but one that Mark relishes. He said: “I have a team of 160 people and we are governed and guided by the British Army.
“My main responsibilities include leading and overseeing the delivery of people activities across the organisation and attracting new volunteers.
“We cover a huge area of Derbyshire and aim to give these young people – many whom are from disadvantaged backgrounds – opportunities to grow themselves during trips to incredible places. In the past, we’ve taken cadets to Cyprus and the base camp of Mount Everest. It’s hugely rewarding.”
Director and co-owner Rob Tice said: “We have gone through a huge period of growth over the last 18 months at Precept and we are delighted to welcome Mark to the team; we are now one of the largest HR & Employment Law teams in the East Midlands.
“Mark brings with him a wealth of experience and we are looking forward to another busy year at Precept.”
Rolls-Royce SMR welcomes international agreement between UK and Poland
Rolls-Royce SMR has welcomed the agreement between Polish industrial group Industria and UK-based Chiltern Vital Group to collaborate on international projects to deliver low-carbon energy using Rolls-Royce SMR technology.
In 2023, after working with Rolls-Royce SMR for over two years, Industria selected Rolls-Royce Small Modular Reactor technology to fulfil the zero-emission energy goals of the Central Hydrogen Cluster in Poland and as part of their plans to produce 50,000 tonnes of low-carbon hydrogen every year.
CVG, a leading UK multi-sector project developer, was recently confirmed as the preferred bidder for the acquisition of the Gloucester Science & Technology Park from South Gloucestershire & Stroud College.
With its partners – including Western Gateway, SGSC, University of Bristol, Vital Energi and Rolls Royce SMR – CVG intends to create a world-first net zero and nuclear technologies campus. This will be the first step towards a ‘net zero super cluster’ investment zone, encouraging the roll out of Rolls- Royce SMRs alongside an array of net zero technologies.
Alan Woods, Rolls-Royce SMR’s Director of Strategy and Business Development, said: “This is an extremely positive step forward for Rolls-Royce SMR and we are delighted to see two of our close partners agree to collaborate on their efforts to bring our technology to fruition.
“This is an exciting development. Both CVG and Industria are highly capable organisations, able to deliver low-carbon energy projects powered by Rolls-Royce SMRs. This announcement further opens the opportunity for CVG to support and enable Great British Nuclear (GBN) to deliver innovative technology by the early to mid-2030s.”
The site, next to the former Berkeley Magnox nuclear power station on the banks of the River Severn, was home to the Berkeley Laboratories and has been at the forefront of science and nuclear technology for over 40 years. Berkeley and nearby Oldbury were already amongst several prioritised sites across England and Wales which have the potential to host multiple Rolls-Royce SMR power plants.
After being shortlisted at the end of 2023, Rolls-Royce SMR is committed to progressing through the GBN technology selection process. Being announced as a successful bidder, later this year, will allow immediate investment in the UK supply chain. Each Rolls-Royce SMR can power a million UK homes for 60 years – supplying clean, affordable electricity for generations to come while supporting thousands of long-term, highly skilled jobs.
The Rolls-Royce SMR design is progressing well through the Generic Design Assessment process by the UK nuclear industry’s independent regulators and is two years ahead of any other SMR inEuropean regulatory assessment.
Well known Chaddesden business under new ownership
One of Chaddesden’s best known businesses is under new ownership after a member of staff bought the firm saving it from closure.
Carpenter Myles Hayhurst, 31, had been working for Castle Blinds, in Nottingham Road, for three years when its owners decided to put it up for sale after running the store for 26 years.
Myles, who previously worked as a precision carpenter making bespoke home furniture, has pledged to take the firm into its third decade by continuing to offer a wide range of tailormade blinds, shutters and curtains to homes and businesses in Derbyshire.He has retained all nine members of staff at the firm and already secured contracts with a number of big clients most recently replacing the blinds in the Lund Pavilion at Derbyshire County Cricket Club.
He said: “Castle Blinds has been a long-standing fixture in Chaddesden for decades and has sold and fitted thousands of blinds, most of which were made in our workshop.“Our products are really high standard and reasonably priced, so I know we have potential to be on the high street for another 26 years – there is potential to double our turnover in no time at all.
“My background in carpentry means I have an attention to detail that is deeply engrained – I measure everything to the millimetre and I’m swift of foot; all potential customers receive their quote within 24 hours.”
The firm has forged collaborations with Peveril Interiors and Floorcraft and has provided curtains and blinds for companies including Rolls-Royce, Bower and Kirkland, Mitie, JCB and Trent Barton.Most of the curtains and blinds are made on site at the shop, which is an Aladdin’s cave of fabrics, or in the purpose-built shed at the back of the store.
Myles, who attended Chellaston School, added: “I will be forever grateful to the previous owners Peter and Teresa for the opportunity they have given me and I fully intend to continue their hard work across the East Midlands.
“We have some customers who have been coming to the shop for years because they know we make everything on site and so can be really bespoke, plus we offer that personalised service.
“Olive and Karen in the shop have a combined experience of 24 years so they know our products really well. We ensure a perfect fit and believe we’re the best in the region at what we do.”
Melton Mowbray industrial investment sold
FHP have completed the sale of four income producing industrial units in the centre of Melton Mowbray to Kindale Limited, who were represented by Toby Yates of Yates Real Estate Ltd.
The industrial units, totalling 27,024 sq ft and let to a Signage Company, a Drama and Dance group and a Motorcycle Retailer and Repair Shop, were owned by Lidl who had acquired the property for possible expansion of their adjacent store some years ago.
David Hargreaves, who acted for Lidl in the marketing and subsequent sale, said: “The 4 units provide 27,000 sq ft of accommodation and currently deliver an income of just £51,000 per annum. Two of the leases have expired with the tenant wanting a new lease and therefore there is scope to grow the income to £100,000+ per annum.
“Industrial investments are in great demand and, as expected, we had strong interest resulting in a sale following ‘Best Bids’ to Bedfordshire based Kindale Limited at just over £1 million, showing an initial yield of circa 4.70% and a reversionary yield of circa 9.00%.”
Kindale is a privately owned property company that specialise in acquiring hands-on asset management type properties with opportunities to add value, and so this parade of industrial units was ideal.
Toby Yates of Yates Real Estate acted for Kindale with David Hargreaves of FHP acting for the vendor, Lidl.
East Midlands business activity growth quickens to fastest since April 2022
The headline NatWest East Midlands PMI® Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – posted at 54.2 in February, up notably from 51.6 in January, to signal a solid expansion in output at firms in the East Midlands.
The rate of growth was the sharpest since April 2022, with companies highlighting that stronger client demand and increased investment helped spur the accelerated rise in activity. Moreover, of the 12 monitored UK regions, only London saw a steeper upturn in output.
East Midlands private sector firms recorded a second successive monthly increase in new orders during February. The rate of growth quickened to a solid pace that was the fastest in almost two years. The expansion was sharper than both the long-run series and UK averages. Anecdotal evidence suggested that the upturn was linked to stronger client demand and the acquisition of new customers.
February data signalled more upbeat expectations regarding the outlook for output at East Midlands companies. The degree of confidence picked up notably to the highest since January 2022. Stronger business confidence was attributed to investment in new product and service lines, increased marketing and hopes of further upticks in new business.
Staffing numbers at East Midlands firms continued to decline during February, with job shedding gaining pace. Although only marginal, the rate of contraction in employment was the fastest for three months and contrasted with the UK average which pointed to a fractional rise in workforce numbers.
Lower employment was in part due to the non-replacement of voluntary leavers due to cost considerations.
Private sector firms in the East Midlands recorded a further drop in the level of incomplete business midway through the first quarter. The pace of decline quickened from January and was moderate overall. Businesses noted sufficient capacity to process incoming new work.
The fall in backlogs of work was driven by manufacturers who registered a sharp decrease in work-in-hand.
Input prices faced by East Midlands firms increased at a marked pace during February, with the rate of inflation ticking higher. The uptick in cost burdens was the joint-fastest since September 2023 and broadly in line with the UK average.
Higher input prices were linked to additional shipping and transportation costs, alongside increased supplier charges.
East Midlands businesses registered a faster uptick in output charges during February. The rise in selling prices was steep overall and accelerated notably from January to post above the series average. Anecdotal evidence commonly stated that higher output prices were due to the pass-through of greater costs to customers.
The pace of charge inflation was slightly softer than the UK average, however.
Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “East Midlands firms saw a further improvement in the health of the private sector during February, as rates of output and new order growth accelerated. Moreover, the region was one of the strongest performers across the UK.
“More robust client demand spurred the sharpest rise in new business for almost two years. Firms remained conscious of cost pressures, however, as this, alongside sufficient capacity to process incoming orders, led to a further fall in employment. Jobs were shed at the sharpest pace since last November.
“Lower employment was not indicative of weaker business confidence in the year-ahead outlook, as optimism strengthened to the highest since early-2022. Greater sentiment was expressed despite renewed upwards momentum in rates of inflation. Transportation and shipping costs continued to be a key driver of increases in expenses, which were in turn passed through to clients where possible.”
IT firm owner gears up for busy year of fundraising
The owner of an IT firm is gearing up for a busy year of fundraising for local charities that includes a family fun run and an epic bike ride to Skegness.
Lee Jepson, founder of L.E.A.D. IT Services and a former Noel-Baker Academy pupil, will cycle the 100 miles from Derby to the Derbyshire Children’s Holiday Centre in Lincolnshire, raising vital funds for the charity that, last year, provided 360 children from the county with a five-day seaside stay.
Money raised from the bike ride will, for 2024 – the 10th anniversary of the ‘SkegVegas’ trip – be split between the Derbyshire Children’s Holiday Centre and Derby Kids’ Camp; a volunteer-led charity committed to providing free holidays for the city and county’s most deserving young children.
Lee is also preparing for the Derby 10k Family Fun Run – part of the annual race around the city – which will be sponsored by L.E.A.D. IT Services.
He said: “The Derbyshire Children’s Holiday Centre holds a special place in my heart, as the charity provided me with a seaside break when I was younger.
“I will be volunteering this year with Derby Kids Camp, too, so the 10th anniversary of the much-loved SkegVegas bike ride, which will raise funds for both charities, proved an ideal opportunity to take part.”
L.E.A.D. IT Services provide IT solutions to businesses and schools across the UK. They currently work with 70% of Derby schools – including growing multi-academy trusts including Embark Federation and Reach2 Academy – and have recently moved into new premises, on Pride Park.
In the past, L.E.A.D. IT Services have sponsored the England Dodgeball Team and Derby-based Mickleover FC Girls.
They currently sponsor Notts County Ladies FC and, in 2019, they supported the Project Zao Schools Football Tournament, which saw junior teams in the East Midlands compete for the ‘Community Engagement Champions Cup’.
Organised by the Derby East Safer Neighbourhood team, the aim of the tournament was to educate youngsters about knife crime.
Lincolnshire business lands £300k grant to develop crypto platform
Lincolnshire-based company, Recap, a provider of crypto tax calculation services, is poised for significant expansion following its recent Innovate UK grant win.This milestone achievement marks a pivotal moment in Recap’s journey to revolutionise crypto asset management, with the £300k grant fueling the development of a pioneering, privacy-focused collaborative crypto tax and client due diligence platform tailored for accountants and professional services.Driving this initiative forward, Recap has brought together a consortium of industry experts – namely pioneers in source of fund analytics, Hoptrail, and top UK crypto specialist accountancy firms Andersen LLP and Wright Vigar – also headquartered in Lincoln.Together, they will enhance the platform’s capabilities to seamlessly track and process crypto asset transactions while ensuring trusted source of fund checks during customer onboarding.Speaking about the grant application success, Daniel Howitt, CEO and co-founder of Recap said: “This grant is a testament to our dedication to innovation and our commitment to addressing the evolving needs of the Crypto industry.“We are immensely proud to lead this project alongside esteemed colleagues and partners Andersen LLP, Wright Vigar and Hoptrail, who bring unparalleled expertise in accountancy, tax services and anti-money laundering compliance, respectively. “As HMRC urges crypto holders to disclose gains, it’s been a pleasure to assemble this team of ‘Crypto Tax Avengers’ to make the first steps towards revolutionising crypto asset management and equip accountancy firms with the cutting-edge tools they need to best serve their clients and remain compliant.
“With the support of Innovate UK and our esteemed collaborators, Recap is poised to lead the charge as the go-to solution provider for crypto tax and client due diligence.”Funding a 12-month project – already underway – the Innovate UK grant win represents a significant investment in Recap’s growth trajectory, with plans for its team of five to expand significantly over the next year, with multiple new hires in the pipeline.Playing a key role in the expansion of Lincoln’s digital hub, Recap’s ambitious drive to become the go-to provider for cryptocurrency accounting software is set to help boost the city’s economic landscape – drawing more fintech and digital asset experts to the area.Daniel added: “This investment is not just financial: it represents the confidence and support we’ve garnered from Innovate UK – a testament to our dedication to innovation, and the strategic vision we have for Recap and the future of crypto and digital asset management.“Moreover, our ambitious drive to become the top provider for cryptocurrency accounting software aligns with our hopes of contributing to the economic growth of Lincoln. By fostering innovation and job creation, we aim to make a lasting impact on the city’s financial standing.”
