Saturday, June 28, 2025

Derbyshire house builder gears up for growth after securing full planning approval on latest site

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Woodall Homes, the BGF-backed Derbyshire house builder, is gearing up for significant growth after securing full planning approval on its latest site – the ninth development now in progress in the region. The house builder, which received a £4.25 million investment from BGF three years ago, has received approval for 87 dwellings in Ashbourne. This follows a recent full planning approval for 161 dwellings on their Boleappleton View site in Bolsover. In addition, development has commenced on 75 dwellings in Calow, 18 in Darley Dale, and 15 in Stocksbridge. It is also due to commence construction on a high profile and exclusive 65-dwelling part conversion / part new build scheme near Lowdham, Nottinghamshire early in the New Year. In total, Woodall Homes is on target to deliver over 400 homes in the next three to four years, taking full advantage of its recent planning successes, which have provided the house builder with immediate delivery opportunities in line with its ambitious growth strategy. Chris Dwan, Land and Planning Director at Woodall Homes, said: “The foundations that we’ve put down by bringing these key strategic sites forward will position us perfectly in the coming years, aligning with our strong growth aspirations. “That said, we are always looking for further opportunities, whether that’s sites with or without residential planning status or allocation. The current pipeline of developments demonstrates our in-house planning capabilities and strengthens our position as a key strategic development partner, working with landowners to enhance their land values through the planning system.” Aaron Baker is an investor at BGF and sits on the Woodall Group board. He said: “The success that Woodall Homes has achieved in the last few years is testament to their ability to bring to market exciting developments, while remaining committed to building a strong land bank. “As the team continues to seize opportunities and accelerate development activity, we expect them to deliver against their ambitious growth plans and realise the potential that exists in the regional residential property market.”

HMRC issues more payments for ‘deliberate’ VAT filing errors

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There has been a 38% increase in the serious penalties issued for what HMRC says are ‘deliberate’ VAT errors in the last year, according to chartered accountants and business advisors Lubbock Fine. These errors refer to cases where HMRC believes the business made an active decision to illegally underpay VAT, perhaps by not declaring the correct VAT on sales, or overclaiming VAT on costs. In those cases businesses can be fined  up to 100% of the VAT owed. The number of these serious fines has increased to 2,781 in the past year from 2,011 in the previous year. In total, HMRC handed out £153 million in fines across 46,376 penalties in the past year as it cracks down on errors that are deemed ‘deliberate’. Jas Dhillon, VAT Partner at Lubbock Fine, says: “HMRC is getting tougher with its VAT fines and issuing a growing number of its most serious penalties. It’s difficult not to conclude that it’s a concerted effort to bring in more cash. “HMRC appears to be taking a tougher approach to VAT penalties, aiming to categorise more inaccuracies as ‘deliberate’. Classifying errors as ‘innocent’ would result in lower penalties, or even no penalty at all – which of course means a smaller take for the taxman.” For the most serious cases – those HMRC terms ‘deliberate and concealed’ – penalties can range between 30% and 100% of the tax due. These are cases where HMRC believes the taxpayer has deliberately or intentionally tried to avoid paying their taxes, often through false or amended documents. The number of these penalties rose 4% in the past year, from 1,924 to 1,994.

Merger agreed to create one of the largest housing associations in the region

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Milton Keynes-based Grand Union Housing Group and Rushden-based Longhurst Group have agreed to come together and merge as single entity after Boards at both organisations unanimously agreed to the proposal and signed off a detailed business case. The aim is for both organisations to come together formally and legally in December under a new name and brand. The new organisation will own and manage over 37,000 homes and employ over 1,400 colleagues across the Midlands and East of England. This will make it one of the largest housing associations in the region. By joining together, the organisations say they will unlock significant potential to invest even more in their existing homes and communities, while building more much needed affordable homes and improving the services their customers receive. Back in July, the two housing associations announced their intention to merge and have since completed a consultation with their customers about the proposal and undergone a process of due diligence before reaching their final decision. Lasting six weeks, the customer consultation closed in September and saw just under 2,000 customers provide feedback, either by post, online or over the phone. In total, 47 percent of all feedback from customers of both organisations was positive or very positive, with only 20 percent negative or very negative. A Shadow Board and Shadow Executive Team have been appointed and will take on responsibility for the new organisation. Chief Executive of the new organisation will be current Longhurst Group Chief Executive, Julie Doyle, while Emma Killick, currently Chair of Grand Union’s Board, will become Chair. After 25 years with the company, Aileen Evans, the current Chief Executive of Grand Union, decided not to put herself forward for a role with the new organisation and will step down from Grand Union once the merger is completed. Emma Killick, Chair of Grand Union, said: “It’s a real privilege to take on the role of Chair as we bring these fantastic organisations together. “Our new organisation will have significant potential to make a positive difference to thousands of people’s lives across the regions we serve, improving the homes and services we provide and building more homes. “I’m really looking forward to working more closely with Julie Doyle. We share the same drive and passion to improve the lives of people who rely upon us the most and her philosophy and her values align so closely with those of Grand Union. “Bringing the two organisations together really does seem like the perfect fit and we’ll be in extremely safe hands with Julie at the helm.” Julie Doyle, Chief Executive of Longhurst Group, said: “I’m delighted to have been appointed Chief Executive of the new organisation. A significant amount of work has already taken place and I can’t wait to formally bring the two organisations together in December. “I’m aware I have some very big boots to fill. I’m proud to class Aileen as a friend and she’s someone I have huge respect and admiration for. I’m confident that the new organisation will build on these principles to ensure we’re able to do even more for our customers, the communities we serve and our colleagues. “I’m looking forward to working with Emma and the rest of the Board, and senior leadership team, to bring both organisations together and ensure we have the plans in place to realise our objectives. “Both organisations have acknowledged that we haven’t got everything right and there are improvements we need to make, but the opportunity to merge brings with it fantastic potential for us to achieve even more, building more affordable homes and being a reliable and trusted landlord that delivers the homes and services that our customers need and expect.” Reflecting on the integral role Aileen Evans has played in Grand Union’s growth and success over the years, Emma Killick added: “Aileen has been pivotal to ensuring that Grand Union has continued to deliver on its purpose of providing homes for those that need them. “In recent years, she’s continued this fantastic work despite the sector experiencing some of the most challenging environments it has faced in years, including the pandemic and a cost-of-living crisis. “It’s been an absolute pleasure working with Aileen. With her fantastic reputation and profile in the housing sector, a sector I know she retains huge affection for, I’m sure she’ll continue to be a force for good and drive change and improvement. “I, along with the rest of the Board and all Grand Union colleagues, thank her wholeheartedly and wish her all the very best for the future.” Aileen became Group Chief Executive in July 2017, having previously been Group Operations Director. Under her leadership, Grand Union came together as a single organisation following a unification, then moved to a single office in Milton Keynes. From there, the organisation has started to transform and modernise the way it works, by using data and technology to improve services for customers and colleagues. Aileen, who will still serve on the board of the Chartered Institute of Housing and volunteer for Furnishing Futures – a charity that creates healing homes for domestic abuse survivors – said: “Stepping down from Grand Union is the hardest decision I’ve ever made. “It’s a bit of a cliché, but it genuinely has been a privilege to lead Grand Union over the last seven years and I’m really proud of what we’ve achieved in my time as Chief Executive. “I’m incredibly grateful to those who have helped us achieve what we have. Every day I’ve had the pleasure of working alongside amazing colleagues and board members and got to see the positive impact they consistently have. “Julie will be a fantastic CEO of the newly merged organisation, her values and integrity guide everything she does, and I feel happy in entrusting Grand Union’s proud legacy to her. “After a bit of a break, I’ll still be around in the sector. As well as all the other issues facing the sector, there’s a housing crisis to solve.”

New £500,000 centre at Northampton College to tackle green construction skills shortage

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Northampton College will tackle the UK’s acute shortage of construction workers with up-to-date ‘green skills’ head on with the opening of a £500,000 renewable energies education and training facility. The new Green Skills Centre at Booth Lane will provide up to 250 students with daily access to the latest green technologies each year, reskill adults who want to move into the construction industry and upskill existing professionals in the sector. It will also support a variety of green initiatives run by Northampton College, such as the Big Rig Low Carbon Challenge, which promotes sustainable construction careers to secondary school students across the county. Designed by decarbonisation specialist and renewable training provider Quantum, the centre features rigs and bays for air source heat pumps, ground source heat pumps, solar PV, solar thermal, wind generation, electrification of vehicles and EV charging and promotes sustainable construction methods and materials. Students will receive training on top-of-the-range low carbon technologies such as Daikin air source heat pumps. Deputy Principal Patrick Leavey said: “We tasked Quantum with creating one of the best renewable technology centres in the country for us and they haven’t disappointed. “This incredible facility will support the UK’s targets around carbon reduction and help to address the acute skills shortages within construction personnel to meet the rising demand for green technologies. “This is a fantastic resource for Northamptonshire and the region and will strengthen the area’s construction and built environment workforce by providing them with specialist green construction skills which are needed across the UK.” Construction Curriculum Manager Mark Bradshaw added: “The technology in our Green Skills Centre is highly sophisticated and we’re replicating the best contemporary professional practices there to help our region get to net zero. “With support from Castle Climate Control and Thorn Electrical we’ll be offering master classes, we’re developing a range of competency and licence-to-practice courses in various green technologies and we’re also creating a sustainability course.” The new facility, which is next to the College’s existing Advanced Construction Engineering Centre, will also be used to support an ongoing partnership Northampton College has with the University of Northampton to research efficient design and implementation of low carbon adoption. Green skills was identified as a priority skills development area within the Local Skills Improvement Plan (LSIP), with the centre partially funded with support from the Local Skills Improvement Fund (LSIF).

In a world of Ai, don’t be afraid to be more ‘I’: by Greg Simpson, founder of Press For Attention PR

With the rise of Ai, Greg Simpson, founder of Press For Attention PR, stresses the importance of being more ‘I’. I had an interesting exchange with someone recently, when discussing branding, Ai and marketing. For some, Ai, images-wise for blogs as far as I’m concerned, has been a game-changer. I have been able to be even MORE prolific in my content. It has freed me up no end in terms of productivity and getting things done that look waaaaay better than a woeful stock image would muster. For others, they have finally begun making some marketing moves. I love this. However, whilst Ai has made content so much easier to create, with that ease has come a tidal wave of tedium. There is less personality, simply by dint of it being way easier to bash out some copy and conjure a clever picture. It is almost too easy and with that, there is always a danger of even more “Meh” in your marketing. It doesn’t have to be like this! That’s why when I do media stories about me working with my clients, there is zero Ai. There is ME, with my client, being human and…hold the phones…having FUN! Dun, dun, durrrrrr! Take the press release I put out this week about working with business psychology expert Penny Strutton. Penny is FUN. She is not from a corporate background and has a wonderful vibrancy about her. So, the photo we did to illustrate the story was dynamic. Was it a faff? Yes! Did we have to carve out 2 hours for travel and logistics? Yes. Did Penny forget the Twister mat thingy she uses and had to go back and get it? Yes. But the point is, she did. Did I fall over attempting to stretch in an unnatural way? No comment. The result is that people know we are working together, and they know why, mainly because Penny is rebranding from her “Think Forward” corporate identity, which all sounds very nice and professional BACK to her name. Why? You’ve all heard the phrase ‘People buy from people’, so put the people back into the brand. Penny’s brand is actually HER. Here’s Penny’s take: ‘‘In today’s landscape, where Ai is automating many tasks, people want to work with real people, not faceless brands. “My work has always been about helping individuals and teams thrive and by bringing my personal brand to the forefront, I’m better able to connect with clients who value that human touch. Think Forward remains the core methodology I use to deliver results but this partnership with Greg will ensure that personal touch and human message is heard clearly.” Note Penny used my name, not ‘Press For Attention PR’. In a world of Ai, be more ‘I’. Maybe the penny will drop for a few folk reading this too.   A former business journalist, Greg Simpson is the author of The Small Business Guide to PR and has been recognised as one of the UK’s top 5 PR consultants, having set up Press for Attention PR in 2008. He has worked for FTSE 100 firms, charities and start-ups and conducted press conferences with Sir Richard Branson and James Caan. His background ensures a deep understanding of every facet of a successful PR campaign – from a journalist’s, client’s, and consultant’s perspective. See this column in the October issue of East Midlands Business Link Magazine, here.

Sandwich bread baker fined after worker loses finger

A bakery has been fined more than £360,000 after one of its employees lost a finger in machinery at a site in Northamptonshire. Jacksons Bakery, a supplier of bread used in the commercial making of sandwiches, was given the fine after an engineer had a finger on his right hand caught in a flour sifting machine. The then 31-year-old was assisting colleagues as they attempted to maintain the machine by clearing a blockage at the plant in Corby on 2 February 2023. Following removal of a guard, as the engineer assisted with the task, he checked the tension of a drive belt and his hand got pulled around the bottom pully which resulted in the amputation of part of his right middle finger. The engineer was unaware that the machine had been switched back on. An investigation by the Health and Safety Executive (HSE) found that Jacksons Bakery Limited failed to ensure, so far as is reasonably practicable, the health, safety and welfare of all their employees. In this instance there was a failure to implement a safe system of work ensuring that machinery was isolated and then locked off during maintenance work when fixed guards would be removed. Additionally, HSE found that engineers were unclear on when to isolate and ‘lock out tag out’ machines due to an absence of adequate training and instruction – and the fact that it was custom and practice to not robustly isolate and lock off illustrated an absence of adequate supervision and monitoring. Jacksons Bakery Limited of The Riverside Building, Liverstone Road, Hessle, East Yorkshire, pleaded guilty to contravening a requirement of section 2(1) of the Health and Safety at Work etc Act 1974. The company was fined £366,666 and was ordered to pay £5,386 costs at a hearing at Wellingborough Magistrates Court on 3 October 2024. After the hearing, HSE inspector Rebecca Gibson said: “This unnecessary incident highlights the duty on employers to ensure that there are robust procedures in place relating to maintenance activities. “If an appropriate ‘lock out tag out’ procedure had been produced and implemented and with suitable training, the serious injury would have been avoided.”

U-turn for East Midlands economy as number of companies with late payments falls along with insolvency activity

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The monthly number of East Midlands businesses with late payments on their books has fallen for the first time this year, while there has also been a drop in insolvency activity in the region. According to the Midlands branch of R3, the UK’s insolvency and restructuring trade body, the quantity of East Midlands companies with unpaid invoices past their due date fell to 24,145 in September, which is the region’s lowest number for 2024. It is also the lowest figure for the month across all English regions, except for the North East. R3’s figures, which are based on an analysis of data from business intelligence provider Creditsafe, also show a decrease in insolvency activity in the East Midlands, which includes liquidator and administrator appointments as well as creditors’ meetings. R3 Midlands Chair Stephen Rome, a partner at Penningtons Manches Cooper in the region, said: “There are signs that the local economy is shifting from a period of high inflation, stagnation and recession to conditions which are more favourable for growth. “We have seen retail sales rise over the summer, and the construction and tourism sectors have also received a boost. However, despite some improvement in the local economic picture, there are still significant obstacles to overcome as we head into the critical pre-Christmas trading period. “It is therefore absolutely crucial for both new and longer-established businesses to keep a careful eye on cashflow and to plan ahead. As soon as any significant financial difficulties arise, professional advice should be sought so that rescue options can be maximised.” 

Unique village centre site sold for new housing in Melbourne, Derbyshire

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A development opportunity in the market town of Melbourne has been sold to Cameron Homes by Loughborough-based specialist land and development consultancy Mather Jamie who acted on behalf of the landowner. Formerly used as the Melbourne Senior Citizens Community Centre, the site is an extraordinary development opportunity which benefits from full planning permission for the demolition of existing building and the erection of five new high-quality dwellings with associated amenity space and car parking. Plot sizes range from 1,065 sq ft to 1,700 sq ft. Commenting on behalf of Mather Jamie, Development Surveyor, Sam Tyler, said: “Melbourne is a thriving village on the edge of the National Forest, and 8 miles south of Derby. “With more than 60 restaurants and shops on offer nearby, the potential to have quality housing within the village centre will be a much added boost to the local economy and a huge attraction for new home owners.” Cameron Homes began designing and building individual homes in 1994. Its ethos is to take the right parcel of land in the right location to create beautiful homes that owners would fall in love with, that blend with existing communities, and enhance the surroundings. Elliott Lawley from Cameron Homes added: “This site and its location fits our development model perfectly. Our plan is to be very sensitive to its conservation area location, in the very heart of Melbourne, whilst also meeting the demands of the local community. “Mather Jamie has been a pleasure to deal with and extremely professional and co-operative during negotiations.”

Government consults on plans to modernise pension provision

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The UK government is fast-tracking plans to modernise its own pensions system by broadening access to Collective Defined Contribution schemes. CDC pension schemes were first introduced to the UK in 2022, and have the potential to deliver reliable returns for savers, while ensuring more predictable costs for employers. Today, industry experts, savers and pension providers can have their say on new proposals to extend the current offering of CDC pension schemes to more employers, delivering better value for money for future pensioners and unlocking huge investment potential. In Canada, the funds from pooled pension contributions are invested into a wider range of assets like infrastructure, startups and private equity – which can benefit the wider economy and boost returns. Extending CDCs could similarly allow for greater return on investment for those saving into the schemes and allow for larger investment in the UK – supporting the Government’s growth mission to boost the economy. Minister for Pensions Emma Reynolds said: “We are seizing this opportunity to modernise our pensions market to deliver better outcomes for millions of workers. People work hard to put money aside for their pension with every pay cheque. This significant innovation will offer a more predictable income and greater finance security for future pensioners.” Currently only single or connected employers can set up CDC schemes, with the first scheme launched by the Royal Mail yesterday. Building on the significant appetite from industry for extending CDC provision, the Government is now seeking to broaden access further by allowing unconnected multiple employer schemes – making this pension model more accessible to a wider range of businesses and employees. This work builds on plans to review our pensions landscape as well as our new Pension Schemes Bill which could boost pension pots – with further consolidation and broader investment strategies to possibly deliver higher returns for pensioners. The consultation seeks views from employers, industry experts, pension providers and the public on draft regulations and their potential impact. The consultation will run for six weeks – running until 19 November 2024.

New team member, promotion, and investments at Mackworth Vehicle Conversion Specialists

Mackworth Vehicle Conversion Specialists, a provider of bespoke vehicle solutions, has appointed a new team member, made a promotion, and made a significant investment in  facilities. Mackworth has welcomed Phil Taylor as the new Quality and Compliance Inspector. With over five years of experience in quality assurance from his time at Toyota, Phil brings a wealth of expertise in maintaining high standards in the automotive industry. At Toyota, Phil was responsible for conducting 300 checks in just five minutes on a rolling road, inspecting up to 280 vehicles daily. At Mackworth, Phil’s role will be critical in ensuring that all vehicle conversions and modifications adhere to customer specifications and industry standards. He will be responsible for performing final quality checks on completed builds, verifying that each vehicle meets the bespoke needs of customers and adheres to Mackworth’s rigorous quality assurance protocols. Andrew Kent, General Manager at Mackworth, said: “Phil’s eye for detail and dedication to quality will play a key role in enhancing the company’s operations, ensuring that all vehicles leave the facility ready for use and in perfect condition.” Andrew continued: “Phil’s extensive background in quality assurance and his passion for the industry make him a valuable asset as Mackworth continues to grow and develop its capabilities.” The company has also promoted Emma Ockhuis to Customer Sales Administrator. Emma has been with Mackworth for just over 12 months, during which time she has demonstrated exceptional dedication, attention to detail, and a strong passion for customer service. Andrew said: “Emma has a fantastic work ethic and attitude; she’s always willing to go the extra mile for the team and our customers. Her positive approach and attention to detail have been invaluable, and she’s become someone the team can always rely on. Emma is not only efficient and organised, but she always brings her smile to work, creating a friendly and welcoming atmosphere for everyone.” As part of its ongoing commitment to enhancing the work environment, Mackworth has invested £25,000 in upgrading its workshop toilet facilities. The new installation features automatic taps, promoting hygiene and water efficiency, along with efficient hand dryers, and modern cubicles and urinals. This investment aims to create a comfortable workspace for employees, ensuring the team can operate in the best possible conditions.

Frasers Group acquires over 1 million sq ft of retail assets

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Frasers Group has made three real estate acquisitions in strategic retail locations. The Shirebrook-based business has acquired Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone, and The Olympus Centre in Quedgeley. Covering over 600,000 sq ft and including Princesshay Shopping Centre, this retail destination for shoppers in Exeter city centre and the wider region is home to more than 60 retailers across boutique, specialist and national brands. Fremlin Walk Shopping Centre (350,000 sq ft) is a key retail destination in the heart of Maidstone, and home to major UK high street tenants. It is currently undergoing extensive refurbishment ahead of the opening of a multi-brand 70,000 sq ft FRASERS flagship store, offering consumers access to more brands from the Group’s ecosystem including a Sports Direct, USC, Evans Cycles, GAME and Jack Wills. A 5,000 sq ft FLANNELS store is also set to open this month. The Olympus Centre (65,000 sq ft) is a fully-let retail park located in the Quedgeley area of Gloucester. Strategically positioned, the retail park has good access to a thriving local catchment population and has strong fundamentals as a retail destination. The three centres see an annual footfall of almost 17 million visitors. Michael Murray, CEO of Frasers Group plc, said: “The acquisition of Princesshay, Fremlin Walk and The Olympus Centre reinforces our commitment to investing in physical retail. Securing properties which serve as the primary retail destination for the community remains a top priority for us. “Such acquisitions unlock new growth opportunities for our retail concepts, while revitalising high streets and physical shopping locations up and down the country. At Frasers, we strive to re-invent and elevate retail for UK shoppers, bringing the very best brands, environments, and experiences to all our customers across the country.” Frasers Group was advised by James Keany, Executive Director, Head of National Agency at CBRE on this acquisition.

Derby City Council instructs Salloway to sell Allestree Hall

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Salloway Property Consultants have been instructed by Derby City Council to sell Allestree Hall. Set in 8.7 acre grounds and including the former stables and icehouse, the building is steeped in history and character but requires new owners to repurpose and restore the building back to its former glory. Allestree Hall was built in the early 1800’s on land previously owned by the Mundy family of Markeaton Hall. Commissioned by Bache Thornhill, Architect James Wyatt was instructed to build an imposing mansion within a country park setting. The Grade II* listed building was built over three storeys with Ashlar stone elevations with sash windows and a central full height bow with a foundation stone bearing the initial JW and dated 1802. The house was used as a residence from the early 1800s up until the late 1920s with notable stewards amongst others including William Evans, Sir Thomas Williams Evans, Colonel Herbert Johnson. In 1928 the property was sold to Commercial Constructions Limited who broke the estate up, before disposing of this in 1936. Following the onset of the wars the property was utilised by the National Fire Service as the County Headquarters, albeit conflicting reports suggest that Sherwood Foresters Regiment occupied the property during a similar period. In 1946 Derby City Council acquired the hall and subsequently converted some of the grounds into an 18-hole golf course. In November 2020 the golf course closed with the land returned to nature to become the UK’s largest urban re-wilding project. The picturesque setting and scale of this property means that there is great potential in what the building could be utilised for and, subject to meeting the necessary planning and listed building requirements, Salloway believe that the building may be adaptable for educational, office, leisure and recreational or residential use. “We went live with the property on Friday afternoon and given the volume of enquiries and requests for further information we are looking to conduct block viewings with an intention to draw interest to a close, by late October/early November,” said Chris Keogh, Associate Director, Salloway.

Refurbishment begins at Sutton Theatre

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Sutton Community Academy’s theatre has now been stripped out ready for refurbishment works to begin. The works are part of Ashfield District Council and Sutton Community Academy’s plans to upgrade the theatre, which will be rebranded and opened to the public as Cornerstone Theatre. The project is being funded as part of the Council’s £6.27m Future High Streets Fund, and is central to their plans to revitalise Sutton town centre. The new theatre, which is due to be completed mid-2025, will allow residents and visitors to watch professional theatre performances, cinematic experiences, music and comedy nights in the heart of Sutton. Students at the college will continue to use the theatre for their performances and will give them valuable experience in a high-quality facility. Cllr Matthew Relf, Executive Lead for Growth, Regeneration, and Local Planning, said: “This project will help us achieve our goals of creating a vibrant and safe night-time economy in Ashfield. We are so proud to be investing in arts and culture, to allow more people of all backgrounds, young and old, in Ashfield and beyond to experience the magic of cinema, live theatre and music right here on their doorstep. “All our regeneration projects, funded through over £100million external investment, have the common aim – to create an Ashfield that is a great place to live, work, play, study and visit.” New dressing rooms and a green room, toilets – including a changing places room – foyer and box office will be created to accommodate the improved theatre. Inside the theatre itself the auditorium will be completely refurbished with new flooring, ceiling, acoustic wall treatments and doors. A new retractable seating system will provide seating, and specialist lighting will also be installed. Considerations are being made to ensure the theatre will be an accessible space for staff, performers, and the audience. Simon Martin, Vice Principal at ATTFE, said: “ATTFE is hugely excited to be involved in the inception and the future running of the Cornerstone facility. Sutton-in-Ashfield and the surrounding area has long needed investment in and opportunities for cultural experiences of all sorts, and Cornerstone will provide these for the direct communities, neighbourhoods, and families that we serve.”

WBR Group sponsors Navali Navratri event, supporting Saarthi charity

Leicester-based WBR Group, the independent provider of SSAS services and tax experts, has sponsorsed the Navali Navratri event organised for the fourth consecutive year by the Saarthi Charitable Foundation. Navali Navratri, a nine day Hindu festival dedicated to the Goddess Amba, celebrates the triumph of good over evil and special events will take place on Friday 4th, Saturday 5th and Sunday 13th October. The festival events, which started on Friday, are being held at the sports centre at Rugby College on Technology Drive. WBR Group’s support for this event is particularly meaningful as one of their own, Dimple Joshi, is the driving force behind both the charity and the events. Dimple’s journey into charitable work began in 2019. To celebrate her exam success, her parents made a significant donation to the Guria Foundation Charity in India, which aids children suffering from exploitation. Dimple Joshi, WBR Group, said: “I couldn’t think of a better way to celebrate my exam success than by helping others and my parents were in a fortunate position to be able to do this. I dedicate all of this to them. They chose the Guria Foundation as its purpose is to provide aid for children suffering exploitation. “Wanting to ensure their donation made a genuine impact, as a family we spent time with the Charity’s founder, interacted with workers, and connected with the children benefiting from the foundation’s work. This experience had a lasting impact on me. I was overjoyed to be able to see their work and the time we spent with the children was priceless and left us feeling that we had made a meaningful impact on young lives.” Inspired by this experience, Dimple and her parents founded Saarthi, a registered charity dedicated to supporting various initiatives and touching many lives. The name “Saarthi” roughly translates as someone steering a chariot. The word represents guidance, leadership, and participation in a significant journey. Saarthi aspires to embody these values by assisting individuals in need across India and being part of their lives. Dimple added: “This is just the beginning for the charity, and we hope that it will continue to grow and bring real, tangible benefits to people. There is a lot of work ahead and we are looking forward to providing much needed help and support for the people in India and elsewhere. “The charity will assist in making changes to the life outcomes of the many people it supports. Our goal is to expand our reach to as many people as possible in the future.” The organisers of Navali Navratri have expressed immense gratitude for WBR Group’s continued support through generous donations. Tom Moore, CEO of WBR Group, said: “At WBR Group, we believe in the power of giving back and supporting communities both locally and globally. “Our involvement with Saarthi and the Navali Navratri event is a testament to our commitment to making a positive impact. We are proud to support such a meaningful cause that not only celebrates cultural heritage but also brings tangible benefits to those in need. “As we look forward to launching our own charitable foundation, we are excited to continue expanding our support for diverse charitable initiatives, with Saarthi being a shining example of the difference we aim to make.”

Barratt’s £2.5 billion purchase of rival Redrow Homes cleared

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The Competition and Markets Authority (CMA) has cleared Leicestershire-based housebuilding giant Barratt’s £2.5 billion purchase of rival Redrow Homes.

It follows the CMA concluding a Phase 1 investigation into the deal, where it found an area of concern regarding the supply of new build private residential housing in Whitchurch and Nantwich.

The businesses each have major, competing, developments in one of the towns and have agreed to sell remaining homes through an independent agent, with Savills appointed for this.

Moreover, a monitoring trustee and an independent professional quantity surveyor will be appointed to monitor and oversee the merged entity’s compliance with commitments including that unbuilt houses and unbuilt infrastructure in Redrow’s Kingsbourne development in Nantwich are constructed to Redrow’s quality standards and completed in a timely manner; and that aftersales services are provided to all homebuyers to a level meeting or exceeding Redrow’s pre-merger standards.

The CMA has now published its acceptance of Barratt and Redrow’s undertakings and will not be referring the acquisition to a phase 2 investigation.

Barratt will commence the integration of the businesses.

David Thomas, CEO of Barratt, said: “Today is a significant milestone for Barratt Redrow, as we come together as one organisation. With this combination, we have created an exceptional housebuilder in terms of quality, service and sustainability, able to accelerate the delivery of the homes this country needs.

“Together, we offer a broader range of homes and price points for our customers who we will continue to put at the heart of everything we do. Our focus now is on integrating our businesses as efficiently and effectively as we can to deliver the expected benefits of the Combination.

“We will leverage the best of both companies to deliver significant benefits to our people, our customers and our supply chain partners, and ensuring that Barratt Redrow is set up to deliver long term value to all of its stakeholders.”

New rail link could create 3,000 jobs, says Midlands Connect

Midlands Connect believes that if the rail link is constructed between Coventry, Leicester and Nottingham 3,000 roles will be created during the lifetime of the construction and in the supply chain.

This peaks in 2031 at around 850 and averages at around 400 every year. The majority of the roles predicted are skilled occupations in engineering, operatives or project management.

The company also believes 70 apprentices could be recruited and trained over the course of the programme.

A spokesman said: “Over the course of the seven-year project, linking Coventry, Leicester and Nottingham by rail could generate an additional £68m in economic value as a result of jobs created in both of the Midlands, and nearly £11m in Social Value benefits – which include environmental benefits, wellbeing benefits and social benefits. This is on top of the traditional transport and wider economic benefits outlined in the business case, which amounted to £170m at the last update.

“Journey times along the route would be cut significantly, with trips from Coventry to Leicester falling from 54 to as low as 30 minutes, with trips from Coventry to Nottingham falling to around 65 minutes. Loughborough and East Midlands Parkway could also have new, direct and more frequent links to Coventry.”

Currently, just 3% of trips between Coventry and Leicester are made by train; compared to 30% of journeys made between Coventry and Birmingham.

Average speeds for trains between Coventry and Leicester currently fall under 30mph, compared to average speeds of over 100mph for trains from Coventry to London.

Andrew Clark, Integrated Transport Programme Lead at Midlands Connect said: “This project is so much more than just a rail scheme, it will create high-skilled and high-paid jobs, grow our economy and kick-start careers, thanks to the creation of apprenticeship roles.

At the moment it can take up to 70 minutes to travel less than 25 miles between Coventry and Leicester, and passengers have to change trains halfway – it’s simply not good enough – our plans will fix that and link key Midland cities, once and for all.”

Sir Peter Soulsby, City Mayor of Leicester said: “This project is a priority for the Council. It will allow people to travel easily between Leicester and Coventry. Only 3% use the train now as there is no direct service, leading to high car use, on congested roads.

“The creation of high-skilled, high-paid jobs, is a bonus, as is the creation of apprenticeship roles, kick-starting careers. This all helps to deliver a stronger economy as well as social value benefits to our local community.”

The times they are a-changing: By Jennie Brown, tax partner at Streets Chartered Accountants

With the upcoming budget expected to bring significant changes, Jennie Brown, tax partner at Streets Chartered Accountants, considers what may be on the way. The October budget is right around the corner. It could bring major changes to a whole range of estate planning taxes, especially Inheritance Tax (IHT) and Capital Gains Tax (CGT). Set down are some thoughts, identifying possible changes that might be on the way and how they might impact on your personal wealth and the financial well-being of your family. If you’re serious about protecting your wealth, it’s time to brace yourself. Here’s what might change: Inheritance Tax: changes are widely expected The government could be eyeing cuts to IHT reliefs, which may reshape your estate planning strategies. Here’s where the biggest impacts may lie:
  • Increasing IHT rates
An easy win for the Chancellor in terms of raising revenue would be to increase the rate of IHT in relation to very substantial estates. A death tax rate of 40% is relatively low. There is no reason why a gradated rate could not be introduced, which imposes softer rates on smaller estates as well as higher rates of tax, up to say 55%, for the largest estates. In the past the highest rate of IHT was 60%, and in relation to Capital Transfer Tax, which was the precursor to IHT, it was 75%. In the press there has been speculation as to the fairest way to tax billionaires. This might be something on the Chancellor’s agenda.
  • Business Property Relief (BPR):
BPR has been a lifeline for business owners, letting them pass on business assets with significant tax relief. It has been the envy of owner managed business owners in other countries. But many people do not realise that the rate of tax has not always been a maximum of 100%. Various restrictions have been lifted over the course of time, and it is possible that some sort of financial ceiling limits might be imposed where there are substantial BPR holdings. There is a wealth of difference between the owner of a relatively modest OMB and where someone owns a stake in a major financial enterprise. Hence there are growing concerns that the government may reduce this benefit, potentially leading to higher tax bills for their heirs.
  • Agricultural Property Relief (APR): could farmers get taxed more?
APR offers tax breaks on agricultural assets, but this relief might also face cutbacks. For farmers and landowners, this could result in steeper IHT liabilities. It is well known that some oppose the purchase of farms by wealthy investors, who secure valuable IHT reliefs leaving others to farm the land for them whilst living in substantial mansions. This could well be an area where changes may be introduced. One possibility would be to a put a financial cap on the maximum relief available in relation to a farmhouse.
  • Nil Rate Band and Residence Nil Rate Band: are limits changing?
Again, there has been widely trailed criticism of residence nil rate band relief. This can be worth as much as £140,000 in money terms where husband and wife are concerned. A left wing think tank has urged the Chancellor to scrap the availability of the relief to raise £2bn. In practice, she might be tempted to reduce the level of relief on the basis that the current level disproportionately favours those in the South of the UK as compared to the North. Capital Gains Tax: what’s on the line? CGT could see significant changes too, which might affect anyone looking to sell assets or investments. Here’s what to be aware of:
  • CGT rate hikes: sell now or risk higher rates
There’s speculation about a potential CGT rate hike. This could mean higher taxes on property or investment sales. The difference between the maximum rate of tax on income and capital profits is very marked. You might need to act fast if you were planning a sale to lock in the current rates. From the Chancellor’s point of view, the fallacy in aligning tax rates to a 45% maximum has an inherent fallacy. Individuals may simply decide to retain their investments, such as development land, until such time as the rates come down. Also, proprietors of owner managed businesses might be deterred from selling. The Chancellor will have to take into account the knock on effect of any tax increases as it might put a brake on future economic activity. It’s a potentially difficult tightrope for the Chancellor to walk, as raising taxes might deter future growth.
  • CGT reliefs: will entrepreneurs lose out?
Key reliefs like Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) and Investors’ Relief could be scaled back, increasing the tax burden on business owners and investors when selling assets. In practice it is probably too late to consider starting transactions to save CGT this close to the Budget. It is simply a factor for proprietors of OMBs to consider, unless they are actively considering making gifts to family members in any event and can afford to pay the CGT due on the disposal albeit at 10%.
  • Anti-Avoidance Crackdowns: be aware of possible anti forestalling
It is important to take into account the possibility that the Government may announce new rules designed to limit the tax saving opportunities that would arise by making disposals in advance of the expected tax increases in the Budget. This suggests that only disposals should be made which are prudent in terms of their size and nature. There is also a long-term factor that needs to be taken into account, in that the number of anti-avoidance rules are more likely to increase than reduce in light of the Government’s drive for increased tax revenue. Post-Budget: a brave new world? The upcoming budget could bring significant changes to estates and businesses. It is going to be important to take stock of both the opportunities as well as the challenges that new rules will introduce. To find out more about how the Autumn Budget 2024 might affect you, why not register to watch or catch up on demand our post Budget webinar. https://www.streetsweb.co.uk/about/events/autumn-budget-2024-what-will-it-mean-you/   See this column in the October issue of East Midlands Business Link Magazine, here.

Motorpoint Group returns to profit

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Motorpoint Group, the Derby-based independent omnichannel vehicle retailer, has returned to profit.

According to a half year trading update for the six months ended 30 September 2024 (H1 FY25), profit before tax is expected to be £2m, improving from a £3.7m loss in the same period of last year.

Meanwhile, the businesses saw strong retail volume growth of 17% in H1 FY25 compared with H1 FY24. It comes as the firm highlights easing macroeconomic headwinds in H1 FY25, used car prices and margins remaining broadly stable and customer sentiment improving.

Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “The resilience of the Motorpoint business model has been proven once again and I am delighted to confirm that the successful execution of our Brilliant Basics programme during FY24, alongside the easing of macroeconomic pressures, has resulted in a return to profitability.

“We also welcomed the first interest rate cut in August, the same month that we achieved our highest performing retail volume since March 2022.

“This solid performance in the first half of the year stands us in good stead as we look to progress our strategy to accelerate growth, and I would like to thank our incredibly hardworking colleagues for what they have delivered so far this year. I am confident that we are entering the second half with strong momentum.”

New Derby City Centre Design Guide launches for consultation

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Derby’s new City Centre Design Guide (CCDG) has launched for public consultation, inviting both built environment professionals and local residents to share their views. Created by Urban Initiatives Studio on behalf of Derby City Council, and funded by Homes England, the CCDG outlines a vision for a vibrant and sustainable city centre, ensuring that new developments, public spaces, and residential areas enhance the evolving and ambitious city centre and support its long-term growth. The guide follows on from the ‘Towards A New Vision for Derby City Centre Ambition’ document, published in 2022, which highlighted the need to improve the design quality of the city centre and to meet the needs of its growing population. The aim of the CCDG is to ensure that new building developments, public spaces, and residential areas all contribute to Derby’s unique character and sustainability. Divided into two sections, the first section of the guide offers general design principles for developers. The second section offers comprehensive design guidance specific to the different character areas of the city centre. It further provides guidance on building scale, land use, movement, facades, public spaces, and green infrastructure. Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said: “We encourage everyone to take part in the consultation and to have their say on the future of our beautiful city. “The launch of the new City Centre Design Guide marks an exciting time for the future of Derby’s city centre. It is an essential part of our long-term strategy to turn the city centre into a vibrant, welcoming place with high-quality sustainable developments where people can live, work and spend their free time.” Built environment professionals and members of the public are invited to give their feedback on the new CCDG. Two surveys have been created on the Let’s Talk Derby website with the first asking for general, anonymous views. The second survey aims to record comments on specific sections of the guide and is not anonymous. Drop-in sessions will be held at the City Lab, in Derbion, where council officers, who are working on the project, will be present between 10am and 4pm. The sessions will be held on Tuesday 22 October and Wednesday 13 November. The deadline for feedback is 5pm on Monday 13 January 2025.

Training initiative launched to help manufacturers engage with young talent

Funded training courses are being offered to Chesterfield’s manufacturing and engineering sector to support recruitment and growth. A new initiative – known as Manufacturing Futures – will teach mentoring skills to businesspeople from the sector to help firms engage with young talent. This programme will empower companies to offer more work experience opportunities, confidently take on apprentices and interns, and provide career advice to young people. The concept emerged at a Manufacturing and Engineering Forum organised by Destination Chesterfield which identified recruitment challenges in the sector. In fact, recent data indicates that 66% of businesses attempting to recruit in the past three months have struggled to find suitable candidates. With manufacturing comprising 8% of Chesterfield’s workforce — nearly double the national average — it’s crucial to inspire and equip the next generation with the skills needed to drive local manufacturing forward. Training sessions for new business mentors will be held in a dedicated learning space provided by United Cast Bar, with Chesterfield College hosting the sessions. Manufacturing Futures was launched alongside the tenth edition of Made In Chesterfield, an annual festival supported by The Chesterfield College Group offering tours of local manufacturing, engineering, and construction businesses to school pupils, showcasing the diverse career opportunities available in the sector. Ivan Fomin, Managing Director of MSE Hiller and Board Member of Destination Chesterfield, said: “I urge all businesses in the Manufacturing and Engineering sectors to participate in this exciting new project. While progress has been made in encouraging young people to pursue STEM careers, there is still much work to be done. “By equipping businesses with the skills to mentor and develop talent from local schools and colleges, we can continue to close the skills gap and ensure our local firms remain vibrant and successful.” Councillor Tricia Gilby, Leader of Chesterfield Borough Council and cabinet member for economic development, said: “Chesterfield has a proud tradition of engineering and manufacturing, but we need to ensure this sector can continue to grow and provide new opportunities for our residents. “I’m pleased that we have been able to fund this programme as it will help people advance their careers and support our residents to take up roles in this sector in the future. “Working in partnership with businesses and education providers is key to ensuring this programme is effective and provides the support the sector needs.” The programme is funded through the UK Shared Prosperity Fund and is one of several skills programmes to receive funding which will help ensure local residents can advance their career and that the local economy can grow. This is just one of a range of projects and initiatives which is being funded through the UKSPF, after Chesterfield Borough Council was successful in securing £2.6 million from the Government. It will fund initiatives, until 2025, which are designed to improve life for local people and support local businesses.

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