£3m contribution set for Newark Southern Link Road

In a boost for local growth, Nottinghamshire County Council has given the green light to transfer £3m to Newark and Sherwood District Council (NSDC) to support the development of the Newark Southern Link Road scheme which will help unlock thousands of new homes and jobs in the area. The new 5km road will connect the A1 at Balderton to the A46 at Farndon along the southern fringe of Newark and will help alleviate traffic pressures within the town, which has been a long-standing issue for residents and businesses. The road will also support the planned improvements to the Strategic Route Network managed by National Highways, including the A46 and A1 near Newark-on-Trent and improve the cycling and walking infrastructure in the area, helping more people to choose active travel to reduce their carbon footprint. As well as providing a new route for traffic, the Newark Southern Link Road will also pave the way for a major transformation of Newark and its surroundings with the construction of Middlebeck, a sustainable urban extension that will offer a range of benefits for the local community. This includes up to 3,150 new homes and the potential to create up to 5,000 new job opportunities for the local area. The new development will also feature a new primary school, shops, restaurants, industry space, and 200 acres of green space for the community. The County Council’s contribution of £3m will help secure an infrastructure package of £80m for the Newark Southern Link Road scheme, which has also received £20m from the Government’s Levelling Up Fund, £7m from the D2N2 LEP and £5m from Newark and Sherwood District Council. The scheme is being delivered in phases by developer Urban&Civic. The first phase between Staple Lane and Bowbridge Lane has already been completed and the developers are currently on site at both ends of the route delivering the A46 to Bowbridge Lane element and linking the Southern Link Road from Staple Lane to the Great North Road just south of the A1 junction. The final connection at the A1 end is expected to be completed by the end of November 2024, with the remaining works scheduled to be finished by Summer 2026. Councillor Neil Clarke MBE, Cabinet Member for Transport and Environment, said: “We are delighted to approve this funding contribution to the Newark Southern Link Road project, which will deliver significant benefits for the residents and businesses of Newark and Nottinghamshire. “This project will help ease congestion, improve connectivity, and support economic growth and housing development in the area. It also demonstrates our commitment to the Government’s Levelling Up agenda and our ambitions to improve transport infrastructure and attract investment in Nottinghamshire.” Councillor Paul Peacock, Leader of Newark and Sherwood District Council, said: “We are extremely grateful for the support from our colleagues at Nottinghamshire County Council to help deliver this significant project for Newark and surrounding communities. “When finished, the road will help ease dreaded congestion and allow much-needed homes and employment opportunities to be delivered. It is a real testament to partnership working, spearheaded by the District Council, that we have reached this point.” Once fully operational, the new road will become adopted highway and the County Council will be responsible for the ongoing maintenance.

Connected Data continues growth with appointment of customer success manager

Data driven technology company Connected Data has appointed Richard Mason as customer success manager. Richard brings with him 30 years of working in the regulated banking and data industry for FTSE 100 businesses. Focused on the effective use of data and analytics, his knowledge and experience have helped him deliver positive outcomes for clients and their end customers. His career to date includes one of the top five banks in the UK, NatWest. For seven years, Richard held a range of customer facing roles at NatWest, managing business and consumer relationships, enabling them to overcome problems, whilst introducing relevant new products and services that more appropriately met their needs. Richard also worked for the global data company, Experian, for over 23 years, holding several different client facing roles and managing portfolios across a broad range of sectors. He successfully enabled high levels of customer satisfaction, retention, and loyalty for Experian. As a result, he developed a reputation for an ability to identify key needs and finding innovative and viable solutions to meet them. Richard enabled greater cost savings, efficiencies and customer engagement for Experian clients. As a result of his significant achievements, he was awarded two prestigious internal Experian wide awards. In his new role, Richard will focus on nurturing and growing relationships with existing Connected Data clients. He will work closely with them to ensure that they continue to see the clear value and ROI enabled by Connected Data’s innovative approach. Commenting on his new role, Richard said: “I am thrilled to be joining Connected Data. Not only is this a very exciting time in terms of expansion and growth for the company, but I’ve also previously worked with several members of the Connected Data team, so I know I’m joining a very passionate, experienced and customer focused team. “Coupled with a unique and innovative market approach that has been making a real difference to organisations and their end customers, I was very much attracted to this role. I look forward to playing a key part in developing and evolving the relationships with Connected Data’s existing and prospective new clients.” Commenting on Richard’s appointment, Anthony Sumner, director of data and analytics at Connected Data, said: “Connected Data’s customer base is growing quickly, and ensuring that they continue to see value and success by partnering with us is vital. “As well as being known for our innovative approach in the market and the combined expertise of our team, we want to ensure that through the delivery of stellar customer experiences, we are building confidence at every touchpoint. “Richard brings with him extensive experience across account and service management which are both fundamental in any customer success role. He has demonstrated strong values in terms of integrity and trust which are key within our organisation. We are looking forward to working with Richard to continue to drive positive outcomes for our customers and end consumers.”

Feedback gathered to help shape plans for Nottinghamshire’s County Hall

Following feedback gathered from residents, businesses and stakeholders, options are now being compiled to give Nottinghamshire’s County Hall a new lease of life. More than 1,620 responded to a public survey which was open earlier this spring and shared their views on County Hall’s future use. It came on the back of the County Council’s decision to move out of County Hall next year after facing spiralling costs to maintain and run the building. It has been the council’s headquarters since 1946. The vast majority of feedback was positive and from people from Nottinghamshire. It backed the wider views of stakeholders that the main building is much-loved, should remain and has the potential to further regenerate and improve the area. 665 of survey responders were business owners, while 448 were from council employees (260 of which work at County Hall). The main survey results reveal: • The majority of people (85 per cent) want to see the main building – with its iconic green roof – remain in place. • 86 per cent value the views of the site from across the river and from Loughborough Road. • 70 per cent agree that the development of the existing car park is an opportunity for regeneration. • 77 per cent would like to see improvements around the riverside. • Almost two thirds of people agree that having more hospitality businesses, such as bars and restaurants, would be a good idea, while 28 per cent of responders don’t. • 73 per cent think that the development of the site would help economic growth. • A wide variety of uses for the site were suggested, but the most popular idea was that it could become a mixed-use development which included offering new homes. As part of a wider engagement exercise, stakeholders such as heritage organisations, sport clubs, universities and other councils were contacted directly for their views. Various developers and regeneration experts also gave their views as part of informal market testing, with most of them praising the site for its unique riverside location with the potential to be transformed into a range of uses. An initial business case is now being put together which will be ready later this summer and will include options for the site. Once approved, a full business case is planned for later this autumn. The shortlisting of developers is earmarked for the New Year. Nottinghamshire County Council Leader Ben Bradley thanked those who gave their feedback. He said: “It was vital we listened to what residents, businesses, partners and developers had to say as we know how important this iconic local landmark is to us all. It was encouraging that we had so much positive and useful feedback, so thank you. “The vast majority who took the time to feed back to us agree with that this site has the potential to bring more jobs and investments to this area. “The savings we’ll be making by not running and maintaining this building will of course mean we’ll have more money to spend on services, not to mention any potential sale.” Nottinghamshire County Councillor Keith Girling, Cabinet Member for Economic Development and Asset Management, added: “What happens to this building affects a lot of people- so we’re really pleased with the feedback we’ve had. It is helping us come up with a business plan that will hopefully be welcomed by the majority. “We’ll continue to engage with and update people as things progress, including making potential designs and artist impressions available as and when. “We’ve also had separate feedback from developers who have confirmed what we always suspected, which is that there’ll be genuine interest if County Hall was to be put on the market. It’s good to know that having to retain and refurbish the main building wouldn’t put potential developers off either. “Whatever the final decision is on this building, we will have to consider what makes best financial sense for the taxpayer and not take any unnecessary risks.” Commercial, development, legal and technical advice will be sought as necessary for this complex project including using the expertise of Arc Partnership, the council’s property, design and consultancy partner. As part of this, Arc has commissioned property consultants Montagu Evans.

Corby Foodbank benefits from £20,000 donation from engineering and construction company

Corby Foodbank, which supports local people in food crisis, has benefitted from a £20,000 donation of food – the equivalent of 6,262kgs – from VolkerFitzpatrick, the engineering and construction company. The donation was made as part of VolkerFitzpatrick’s commitment to engage with the community and leave a lasting legacy during the completion of two state-of-the-art units totalling £84 million at Magna Park in Corby – one of the UK’s largest logistics and distribution parks. Corby Foodbank distributes three-day emergency, non-perishable food parcels to local people in food crisis and the provisions, provided monthly over the course of a year from VolkerFitzpatrick, included toiletries and food packs for the homeless. David Rowell, project manager, VolkerFitzpatrick, said: “As a business, we wanted to have a positive impact during our work in Corby, so we did our research and came across Corby Foodbank. At the time, it was running at a growing monthly deficit, so there was a definite need for support. “It was a big team effort where a team of 15 of us would take it in turns to visit the local cash and carry each month to buy the most-needed items from a list provided by Corby Foodbank. “We would then load the van to deliver and unload the goods, and physically weigh them in at the Foodbank’s warehouse. If we were to win another project in the Corby area, we would be happy to support them again.” Corby Foodbank manager, Martin Langford, said: “We are incredibly grateful for the donations made by VolkerFitzpatrick. We rely solely on donations from local people and businesses to help those in need. “David and his team’s contributions have made a real difference to the people of Corby, and I can’t thank them enough for choosing us to help leave a lasting legacy in the work they have done in Corby itself.”

Alumasc outperforms UK construction markets

Alumasc, the Kettering-based sustainable building products, systems and solutions group, has hailed a “significant outperformance of UK construction markets” in a trading update for the year ended 30 June 2024. The Group expects organic revenue growth for the year to be around 6.5%, outperforming the 2% decline in overall UK construction activity.

Underlying profit before tax (UPBT), meanwhile, is now expected to be at least £12.6m, ahead of current market forecasts and the prior year (£11.2m).

Paul Hooper, Chief Executive of Alumasc, said: “Against such a challenging commercial market backdrop, I am delighted with the Group’s strong performance, which is testament to our robust business model and the significant progress we have made in delivering against our strategic aims.

“We are optimistic that our growth strategy, with a focus on environmentally sustainable solutions, new product development, investment in capability and ongoing self-help initiatives will drive further strong growth in returns as market conditions improve.”

Raise your business’s profile at the East Midlands Bricks Awards 2024

Raise the profile of your business by submitting a nomination for Business Link’s prestigious East Midlands Bricks Awards 2024! Celebrating the region’s property and construction industry, its people, and outstanding developments, the annual awards attract leaders from all over the region and are the perfect way for businesses to showcase the work they are completing and create more buzz. Award categories include: most active estate agent, commercial development of the year, responsible business of the year, residential development of the year, developer of the year, deal of the year, architects of the year, excellence in design, sustainable development of the year, contractor of the year, and overall winner. A highlight in the business calendar, a glittering awards ceremony on Thursday 3rd October, at the Trent Bridge Cricket Ground, will unveil the winners – an evening that will also provide plenty of opportunities to forge new contacts with property and construction professionals from across the region. To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.

Nominations end Thursday 5th September

Tickets can now be booked for the 2024 awards event, click here to secure yours. Taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 3rd October, from 4:30pm – 7:30pm, connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region. Attendees will also hear from keynote speaker Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire. Dress code is standard business attire. Thanks to our sponsors:      

     
     
 

To be held at:

 

Hot tub manufacturer appoints new global marketing director

Chesterfield-based Superior Wellness has appointed Richard Walker as their global marketing director. He joins them with over 15 years of international experience in on and offline marketing, above and below-the-line advertising, e-commerce, social media, influencer projects and celebrity endorsements. Richard is a multi-award-winning international marketing director with a proven track record. Before joining Superior Wellness, he was the marketing director of Wren Kitchens and the Wren brand guardian since its inception in 2009. He drove marketing effectiveness and business expansion, contributing to double-digit growth in turnover each year. Richard will play a pivotal role in driving awareness of the Superior Wellness brands to support the company’s expansion plans and long-term vision. Rob Carlin, Managing Director, said: “We are thrilled that Richard has joined the Superior Wellness leadership team. His experience will be invaluable, he’s an outstanding addition to our existing team and I am looking forward to working closely with him.” Richard Walker said: “I am incredibly excited to be joining the team at such a crucial point in Superior Wellness’s growth. There is a huge opportunity to play our part in the global wellness market – and great things are already happening.”

Local company raises more than £5,000 for Cancer Research UK in gruelling Tough Mudder challenge

A team of 23 from Corby-based SEE Limited, a group holding company responsible for three businesses involved in the supply, distribution and fabrication of wood veneer and decorative laminate panels, has raised more than £5,000 for Cancer Research UK by battling their way through more than 10 gruelling miles and 23 challenging obstacles in the Tough Mudder challenge, which took place at Belvoir Castle in Grantham. Crossing the finish line in around three hours, the team joined forces to help bolster the crucial efforts and vital research that goes into saving lives and finding cures and treatment for cancer, raising £5,355. Robert Thompson, CEO of SEE Limited, said: “It was such a challenging but rewarding experience. Pulling through the obstacles with my family, friends, and colleagues made this a very special moment. “I’m really proud of what we have achieved, all the efforts that went in to fundraising for the event and raising such a life-changing amount of money for a cause so close to my heart. “I’m also grateful to all those who have kindly donated – it means so much to everyone. If you’re contemplating taking on the Tough Mudder yourself, I would urge you to throw yourself at it, you will not regret it!” Digital marketing manager at SEE Limited, Inga Gusauskaite, agrees that it was a worthwhile experience which pulled on their team spirit to get them round the gruelling course: “The course itself was really hard, made even tougher by the challenging weather conditions with the rain and the wind. But I’m very proud of myself and the team because we stuck together and tackled each obstacle as a collective. “The worst obstacle was the electric shock one, where we had to crawl in the water while being electrocuted by the wires above. I think everyone would agree that was the worst one! “See Limited are immensely grateful to everyone who supported us with our fundraising. Every donation no matter how big or small helps towards the life-saving research and crucial support to those living with cancer right now. We can only hope that by uniting in this way, we are doing all we can to ensure that future generations are not burdened with the impacts of cancer.”

East Midlands manufacturer completes £1.6m contract for major residential scheme in Leeds

Mansfield-based Deanestor, the furniture and fitout specialists, has delivered a £1.6m contract to provide more than 300 high specification kitchens for a major new co-living scheme in Leeds, developed by Caddick Developments. Mercer West and Madison East are two adjoining apartment buildings near the River Aire in Leeds’ vibrant cultural quarter, which were built by Caddick Construction. This build-to-rent development is part of SOYO Leeds – a new neighbourhood in the heart of the city. Deanestor provided bespoke, contemporary kitchens for 331 apartments in a range of configurations to suit each apartment layout. This involved the manufacture and installation of around 4,500 items of furniture including base and wall cabinets, drawers, tall fridge unit, oven housing and solid white quartz worktops. Eugene Cannon, Senior Quantity Surveyor at Caddick Construction, said: “The Deanestor team excelled commercially and in the design phase for this complex and large-scale co-living scheme. They were helpful at each stage and had a common-sense approach to any challenges, such as the need to upgrade appliances. The finished kitchens are great – good quality, contemporary detailing, superior worktops, and gave us the value for money we were looking for.” The kitchen cabinetry was supplied in two colour palettes for alternate floors – stone grey and dark blue, and with black D-shaped handles and brushed satin taps. Each kitchen was fully equipped by Deanestor with integrated appliances – a built-in oven, microwave, ceramic hob, washer dryer, fridge/freezer and dishwasher.

Burton testing, inspection, certification, and compliance firm makes acquisition

Burton-based SOCOTEC UK has acquired Impulse Geophysics Ltd, a provider of 4K Digital Video and Ground Penetrating Radar (GPR) services based in Bedford.
Using cutting edge technology and AI, Impulse specialises in Asset Management and Condition Inspection in the Infrastructure industry, allowing clients to visualise and plan their networks/schemes effectively and safely. The company, which has strong experience and links with many key Infrastructure industries, will further strengthen SOCOTEC UK’s range of services in the Infrastructure Asset Monitoring area. Bob Milligan, Managing Director of Impulse, said: “It is great to be joining SOCOTEC UK within the Infrastructure Division. Over the years, we have delivered many projects for SOCOTEC UK, and we look forward to continuing our innovation and growth by utilising the client and geographical reach and expertise that joining SOCOTEC UK brings.” Richard Hildick-Smith, Managing Director of Infrastructure, continued: “We are really pleased to welcome Impulse to our division. It further strengthens our range of services in the Infrastructure Asset Monitoring area. Having Impulse’s expertise in the niche area of video linked with GPR surveys significantly enhances our portfolio. “It will seamlessly integrate with the existing business unit services and clients, bolstering our growth into a more data led offering to clients with the aim of supporting Asset Integrity throughout the lifecycle.” Hervé Montjotin, CEO of the SOCOTEC group, added: “Monitoring solutions are strategic to the infrastructure sector. As a leading trusted third party, ensuring safety, longevity and integrity of built assets are an essential part of our societal role. “This acquisition in the UK is further strengthening our infrastructure activities which at global level represent more than 30% of total Group revenues, and is reinforcing our leadership ambitions.”

Intervention called for as new analysis shows junction 28 of the M1 is ‘full’

New analysis released by Midlands Connect shows junction 28 of the M1 is up to 107% capacity in the morning rush hour. The work shows three junctions off the road are over 100%, two others are nearly full and only one slip road is under 50% capacity. This has been ‘further evidence’ of the need for an upgrade of the Pinxton interchange. The A38 towards Alfreton going eastbound off junction 28 is seeing traffic flows reaching 107%, this equates to 2,302 cars, vans and HGVs using that slip road single hour. Assessments identified that the Northbound M1 slip road sees 1,104 vehicles on average using this off slip every hour and it is at 104% capacity. The Mansfield Road slip road also clocked up 102% capacity. The M1 southbound slip road clocked up 82% capacity and the A38 going towards Sutton-in-Ashfield only has 9% space left at the morning rush hour as 1,126 cars and vans use the route off junction 28. Only one road, the A38 left filter lane towards the M1 had much capacity left, with 38% of space being used in the rush hour. Integrated Transport Programme Lead, Swati Mittal said: “Junction 28 has struggled for many years with gridlock, and we are keen to get solutions moving to fix this. Drivers have been snarled up in traffic which impacts residents and businesses in and around Derbyshire, Nottinghamshire and beyond. “An intervention in this area is necessary to facilitate growth, jobs and allow us to deliver the growth aspirations of South Normanton, Pinxton and the wider region.”

Housing associations explore merger

Longhurst Group and Grand Union Housing Group have entered talks over a potential merger. The groups, which, combined, currently own and manage over 37,000 homes and employ over 1,400 colleagues across the Midlands and East of England, are exploring a proposal that would see them come together before the end of the year. The housing associations’ respective Boards have approved a business case that unlocks significant potential to invest more in existing homes and neighbourhoods and deliver 5,000 new homes over the next five years. The new organisation would be one of the largest housing associations in the region. Longhurst Group’s Chief Executive Julie Doyle said: “We have a strong existing relationship with Grand Union Housing Group, with whom we share similar visions and values as well as our geographic footprints and growth aspirations. “We feel that both organisations have complementing strengths as well as areas that can be further improved by coming together, which would give us the opportunity to learn from each other and, ultimately, deliver the best possible service for our customers.  “There is still a lot of work to be done, however both organisations believe there is a strong case for coming together and we are excited by the potential that this move would represent.” The two organisations will now enter a period of due diligence and will consult customers about the potential change.  Grand Union CEO, Aileen Evans, added: “Both ourselves and Longhurst Group are well governed and built on solid financial foundations and we believe that we’d be even stronger together as a larger organisation and have more resilience to respond to a challenging operating environment.    “We are exploring this from a position of strength and this presents an exciting opportunity for both organisations to take proactive steps in ensuring we’re well placed for the future.    “As one organisation, we could better realise our aims for the future; specifically, to speed up improvements in our homes, provide enhanced services and build more homes.”  

Sales rise at Dunelm as profits move ahead of expectations

Sales are on the up at Dunelm, the homewares retailer, according to a trading update for the 13-week period ended 29 June 2024 (Q4) and for the full year (FY24).

The business reported a strong final quarter, with sales growth of 5% to £399m, with good performance from both store and digital channels. Meanwhile, total sales for the year of £1.7bn grew by 4% versus the prior year, and pre-tax profits are expected to be slightly ahead of current market expectations (£200m). Dunelm’s new store opening programme is also on track, with six new stores opened in FY24, including one relocation.

Nick Wilkinson, Chief Executive Officer, said: “We delivered another strong performance in Q4, with continued volume-driven sales growth across both store and digital channels. Amidst ongoing consumer caution, our unrelenting focus on value and choice means the Dunelm proposition has continued to resonate with customers, and we saw both full-priced and discounted lines trade well during our summer sale period.

“Throughout the year, we grew sales and continued to exercise tight cost control in an environment of high inflation. Our strong gross margin performance means we now expect our FY24 profit before tax to be slightly ahead of expectations.

“Going into FY25, we have a significant opportunity ahead of us. We are finding quality sites for new stores, and are increasingly confident in our smaller format stores. We are also continuing to invest in both our digital offer and wider operations to support further market share gains.

“However, we will need to maintain strong operational grip given ongoing wage inflation. Notwithstanding the continuing uncertainty in our markets, we’re both excited and confident in our plans.”

Frasers Group CEO hails “break-out year”

Frasers Group has shown “sustained profitable growth” in full year results for the 52 weeks ended 28 April 2024 (FY24), with its CEO hailing it a “break-out year.”

This was seen as adjusted profit before tax at the business grew by 13.1% on the prior year to £544.8m (+13.1%), at the top end of Frasers’ guidance range (£500-£550m).

The continued successful execution of the company’s Elevation Strategy was highlighted, alongside strengthened brand partnerships, which contributed to a strong trading performance from Sports Direct particularly. Frasers Group added: “The continued strength of third-party brand relationships and Sports Direct’s positioning, are unlocking further international expansion opportunities.

“Growing our presence in the Nordics, a joint venture in Southeast Asia, and currently acquiring a leading sports retailer in the Netherlands.”

Looking ahead, strong profitable growth is anticipated, with adjusted profit before tax in the year ahead expected to be £575m-£625m.

Michael Murray, Chief Executive of Frasers Group, said: This has been a break-out year for building Frasers’ future growth. As well as delivering a strong trading performance, particularly from Sports Direct, we made significant progress with our Elevation Strategy. We expanded our retail ecosystem, establishing valuable partnerships with new brands.

“Our brand relationships have never been stronger, giving us invaluable support as we continue the international expansion of our business. We invested in group-wide operational efficiencies in warehouse automation and digital infrastructure, which we expect to yield a tangible impact as early as FY25. And we generated new growth opportunities with the rollout of Frasers Plus, including recently signing our first third party partner in THG.

“I’m really proud of what we have achieved at Frasers this year and would like to thank all colleagues for their continued hard work and our brand partners for their support. Together, we are building a resilient, profitable growth retail ecosystem that delivers exceptional value for our partners, consumers and shareholders.

“We have built a lot of momentum this year and are entering the new financial year with many exciting growth opportunities ahead of us, which we will continue to invest in for the long-term benefit of the Group.”  

20,000ft² Mansfield warehouse sold to vehicle recovery operator

Just under 20,000ft² of trade counter/warehouse space has been sold in the heart of Mansfield. The freehold opportunity was snapped up by the expanding Richford Motors, an Alfreton-headquartered vehicle recovery operator established in 1990. The purchaser of the site and premises, Phil Richford of Richford Motors, said: “We are very happy with our new site in Mansfield, this site is to complement Richford Motor Services Ltd in their continuing growth and keep vehicle recoveries local to the Mansfield area, create more jobs locally and help with minimising our carbon footprint. “The site will be fully refurbished to a high standard. We will be advertising for job opportunities to get the site up and running promptly.” Tim Gilbertson, of FHP, who dealt with the sale, said: “My thanks to not only my longstanding clients here but also Phil Richford of Richford Motors for their assistance in ensuring that this sale went through quickly. “It’s another success story for us, a further building of just under 20,000ft² on a large site sold in north Nottinghamshire, reducing available stock yet again, particularly on a freehold basis. “As we enter the summer period, there is undoubtedly better momentum in the industrial and distribution sector, particularly for freehold sales of all sizes as stock levels continue to diminish, which is great when it results from successful sales and lettings, as is the case here, but we are finding more and more parties frustrated by the lack of available options. “Hopefully, this will change later in the summer once the holidays are over as it would be fabulous to build on the current momentum in the market and achieve more disposals before the end of the year. My thanks and best wishes to our purchaser here for his continued success and expansion.”

51,000 sq ft warehouse snapped up at Mercia Park

Scolmore Group has secured 51,000 sq ft at IM Properties’ Mercia Park scheme at junction 11, M42, significantly increasing the size of its warehouse space to accommodate its future growth.

Scolmore Group is a manufacturer of electrical accessories, lighting, home automation, security and cable accessory products. It incorporates Click wiring accessories, Ovia lighting and lighting controls, Unicrimp cable accessories, ESP fire protection and security solutions, and Sangamo heating controls and time switches.

The family-owned business, founded in 1989 in Tamworth and employing more than 350 people, will use the new state-of-the-art logistics centre to house the extensive and growing collection of lighting products from its Ovia lighting division.

The Mercia 51 building, which is Net Zero Ready, BREEAM Excellent, with an EPC A rating will assist Scolmore Group in managing its own sustainability targets.

The facility, which is scheduled to open in September, includes 10 active EV charging spaces, with passive infrastructure for another 30 and storage for up to 12 cycles.

Mike Collins, Managing Director of Ovia, said: “This is a big move for Scolmore Group and an exciting one too. As a proud family business and large employer in the area, investing in Mercia 51 demonstrates to our employees, customers, and the marketplace that we’re committed to the future.

“Of course, at Mercia we’re in great company with DSV and Jaguar Land Rover’s global logistics centre next door, demonstrating the quality of the employment park. It’s connectivity to the M42, Tamworth and the wider motorway network is clearly a major driver for us, allowing for fast, efficient delivery of stock in and out of the warehouse.”

Harry Goodman, development manager for IM Properties, said it was particularly satisfying to attract yet another local occupier and one which is such a success story for the area.

“We welcome the opportunity to assist in the expansion of Scolmore Group, which underlines our belief in Mercia Park as an excellent location for distribution and an important place for job creation, with over 2300 people already employed on the scheme.”

Mercia Park is one of IM Properties’ first large-scale development schemes to achieve Net Zero in Construction, and Mercia 51 raises the bar further to also be Net Zero Ready. This means the building is optimised so the occupier can achieve Net Zero in Operation.

Goodman added: “Mercia 51 was created to a level of specification which sits within our Sustainable Future’s framework and aligns with the Green Building Council (UKGBC)’s recommendations.

“The Mercia Park Community Fund has also made significant contributions to local grassroots organisations and skills and training. This aligns well with Scolmore Group’s own values, and we continue to support projects in the area.”

Mental health training for line managers linked to better business performance, says University of Nottingham study

Mental health training for line managers is strongly linked to better business performance, and it could save companies millions of pounds in lost sick days every year, according to new research led by experts at the University of Nottingham. The results of the study, which are published in PLOS ONE, showed a strong association between mental health training for line managers and improved staff recruitment and retention, better customer service, and lower levels of long-term mental health sickness absence. The study was led by Professor Holly Blake from the School of Health Sciences at the University of Nottingham and Dr Juliet Hassard of Queen’s University Belfast. In the UK one in six workers experience mental health challenges, with 12.7% of all sick days attributed to mental ill-health. The estimated cost of poor employee mental health to British employers is over £50 billion, annually. Mental health training for line managers aims to give them the skills to support the mental health of the people they manage. Ongoing research is exploring whether such training increases the knowledge, skills and confidence of managers to support their staff and benefits employees. However, few studies have addressed its potential business value for companies. To explore the benefits, the group of researchers analysed anonymised survey data from several thousand companies in England collected between 2020 and 2023 by the Enterprise Research Centre at Warwick Business School as a part of a larger programme of research on workplace mental health and productivity. The survey included questions about the companies’ mental health and well-being practices, including whether they offered mental health training to line managers. To avoid errors in their analysis, the researchers statistically controlled for the age, sector, and size of the companies. The results suggest that mental health training for line managers may hold strategic business value for companies. Based on their findings, the researchers recommend that organisations provide mental health training to line managers and institute workplace policies that clarify the line managers’ role in supporting employee mental health. Meanwhile, the researchers outline the need for further research in this area, including looking into different approaches to delivering mental health training for line managers. Dr Juliet Hassard from Queen’s Business School at Queen’s Belfast University, and co-author of the study, said: “Encouraging employers to invest in employee mental health can be challenging. Knowing that improving line managers’ knowledge, skills and confidence in managing mental health at work is linked to better business outcomes will help to highlight the strategic value this approach to employers.”

Law firm boosts planning team with high-profile partner

Howes Percival has appointed highly regarded planning partner Marco Mauro to its planning team, following a significant increase in new instructions. Initially based in the East Midlands, Marco is recognised as one of the go-to planning lawyers nationally and was head of planning for many years at his previous firm. Marco’s practice covers the Midlands, Central, Home Counties regions and beyond. Marco has over 17 years’ experience gained in all areas of planning, acting for developers, landowners, housing associations, investors, financial institutions, occupiers and high net worth individuals. His experience includes dealing with complicated planning obligations and infrastructure agreements, providing due diligence on property and corporate transactions and advising on and dealing with legal oversight of planning applications, appeals and claims for judicial review. Jay Mehta, head of planning, said: “We are absolutely delighted to welcome Marco to Howes Percival. He is very well known and regarded, right across the planning sector, and brings a wealth of experience. “We pride ourselves on being solution focussed and providing excellent client service. Marco is renowned for his ‘can do’ approach, proactive manner and ability to find solutions for clients, which has made him a recognised expert in his field and a perfect fit for our growing team. “The planning system – and indeed legislation and case law – continues to evolve at a record pace and will continue to do so following the election, with the Labour Government pledging to ‘bulldoze through’ planning rules to boost housing delivery to 1.5m homes and support other developments, including infrastructure and renewable energy schemes. “However, in recent years, environmental issues including water scarcity, nutrient neutrality and air quality have stalled the delivery of new developments, particularly housing, across the UK. As a consequence, the importance of the planning law team’s role for our clients has expanded, which has led to a significant increase in instructions year on year as we help our clients navigate such complexities to enable their development projects to continue.”

Predicted GDP growth for East Midlands up on last year, but remains relatively subdued among the UK

The economy in the East Midlands is predicted to grow by 0.9% this year, up from 0.4% in 2023 according to the latest PwC UK Economic Outlook. Despite this year-on-year improvement, the East Midlands still lags behind the predicted GDP growth for the UK overall, which sits at 1.0%. However, the East Midlands is still outperforming the West Midlands (0.7%), North East and South East (0.8%) and is on par with Yorkshire, Scotland and the South West (0.9%). The capital and Northern Ireland are both predicted to see the biggest growth at 1.2%, followed by the North West and Wales (1.1%) and the East of England (1.0%). With many different sectors driving growth across our nations and regions, PwC’s recent Framework for Growth report demonstrates how crucial localised strategies are. Business leaders interviewed for the report said that the changes most critical to their business – the skills system, planning system, infrastructure investment and overall support made available to smaller businesses – were best driven at a local level. Alex Hudson, Market Senior Partner for PwC East Midlands, said: “Despite the data showing that economic growth in the East Midlands is lower than the UK picture, with the new government and recently created East Midlands Combined Authority, now is the time for businesses and local government to work together to develop a localised plan for growth. “PwC’s recently launched Framework for Growth report highlighted the need for businesses and government to collaborate more closely to deliver sustainable growth and outcomes for the future. 68% of UK businesses have identified skills, education and talent as their top priority for growth. “We have some world-class educational institutions and some of the UK’s biggest companies here. I believe that by investing in skills for younger generations and ensuring our current workforce is equipped with skills for the future, we will move the dial on the East Midlands economy, and the time to act is now.” UK overview:
  • UK GDP to grow by around 1% this year, up from the 0.5% estimate late last year. In its main scenario, PwC expects growth to pick up further to 1.7% in 2025 and 1.8% in 2026.
  • It is expected that headline consumer price inflation will bounce around the Bank of England’s 2% target for the remainder of 2024, due in part to stubborn services inflation.
  • Corporate insolvencies are expected to rise again this year despite already reaching a three decade high in 2023.
  • Around one half of sectors are now experiencing growth and the other half contracting. The three sectors with a large proportion of public sector activity grew strongly; health & social work (2.7%), public admin & defence (2.2%), and education (1.2%).
  • Consumer-facing sectors, such as retail and hotels, continue to struggle as consumers remain cautious. In PwC’s latest Consumer Sentiment Survey, 7 in 10 people said they still expect to make some spending cutbacks over the next three months
Barret Kupelian, Chief Economist at PwC UK, says: “The new Government has inherited an economy that was starting to show signs of growing faster as global tailwinds develop with more stable and predictable energy prices and lower inflation, and the impact of tighter monetary policy on economic activity starting to fade away. “In our main scenario, we expect some of this momentum will continue in the short term as the policymaking environment becomes more certain and duller, especially when compared to other peer economies.” Jake Finney, economist at PwC, says: “The UK has gone from being a poor-performing outlier on inflation to being one of the few advanced economies where inflation is currently back on target. “However, the disinflation process is not complete. Indeed, our main scenario projection is that inflation will continue to hover in and around the Bank of England’s target throughout the rest of the year. “There isn’t much scope for goods inflation to fall further, so the key ‘known unknown’ is when services inflation will return to more normal levels. Annual services inflation currently sits at around 5.7%, down from its peak of 7.3%. “This is higher than what the Bank of England expected in May 2024 (5.3%) and way in excess of its level the last time inflation was at target in July 2021 (1.6%).”

Top surveyor joins property consultancy’s East Midlands development team

An experienced surveyor has joined a property consultancy firm’s East Midlands development team as it aims to increase its influence in the region. Phoebe Clark has joined Fisher German’s development team as a Senior Associate following eight years with Savills in Norwich, London, and Nottingham. She will work out of Fisher German’s office in Newark-on-Trent, and will look to seal residential development deals throughout the East Midlands and South Yorkshire. Phoebe will work alongside Fisher German partner Luke Brafield as the firm looks to capitalise on a renewed desire for housebuilding and potential planning reform following the election of the new government. She said: “With Fisher German’s recent growth, it seemed like a really great time to be joining the firm. “It’s long had an excellent reputation in the sector, and I felt I could play a key role in the firm’s success and grow my career alongside growing Fisher German. “The East Midlands land market has proven to be more resilient compared to other parts of the country, and therefore demand for opportunities of all sizes has remained strong. With the likelihood that the delivery of housing will be high on the political agenda, I’m confident I can use my expertise and my strong network to secure the deals that will ensure the homes the area needs are built.” Luke Brafield, partner at Fisher German, added: “We’re delighted to be welcoming Phoebe to the team at Fisher German at a time when lots of opportunities are likely to emerge in the residential development market. “She brings with her a wealth of experience and a clear ambition to drive the business forward in this region.”