Grants re-launched for rural North Northamptonshire businesses offering up to £50,000

Grants of £5,000 and £50,000 are now available for rural businesses across North Northamptonshire. Using monies received from the Rural England Prosperity Fund, North Northamptonshire Council has re-launched a grant scheme to support existing rural businesses, with applications now open. Following on from earlier rounds of the grant schemes, applications are now being accepted for projects that can start quickly and be delivered in full by 28 February 2025. A particular target for this round is rural diversification, including business diversification and projects which support the visitor economy. Examples of projects supported in earlier rounds include:
  • New Lodge Farm in Bulwick who extended their café and farm shop
  • Austin Davis Biologics who have been able to move into a larger, refurbished facility in Islip
  • Measures Farm in Hemington who developed a new dog field
  • We Don’t Do Ordinary who invested in tourist accommodation at Wallis Mill, Brigstock
Cllr David Howes, the council’s Executive Member for Rural Communities and Localism, said: “North Northants has a diverse and wide range of businesses and this is particularly noticeable in our rural communities where business owners are looking to develop their offering for an economy that has seen considerable change over the past few years. These grants are designed to help them grow and develop.” “Grants of up to £50,000 will really make such a difference to rural businesses in North Northants. There are still a few weeks to apply, so please do contact the team, take a read through the criteria and apply before 26 July,” said Cllr David Brackenbury, the council’s Executive Member for Growth and Regeneration. “The previous three rounds of this grant scheme have made such a difference to a variety of rural business, including farms being able to diversify their offering to appeal to a wider range of customers. With this fourth round, more and more businesses should benefit,” said Jason Smithers, Leader of the Council. Applications for this round of funding must be received by 26 July 2024 and interested rural businesses who wish to apply for funding in Round 4 should email ukspf@northnorthants.gov.uk to request an application form, eligibility criteria and guidance notes.

Students present plan to tackle growing issue of e-waste recycling at international entrepreneurship competition

Students from Nottingham Business School have pitched their idea to tackle the growing issue of electronic waste through recycling and recovering precious metals at a prestigious international entrepreneurship competition. Five MSc Innovation Management & Entrepreneurship students – Luke Hailstone, Devansh Poddar, Eugene Oigara, Pierre Louis, and Ajinkya Khairnar – visited Nairobi, Kenya, to take part in The Hult Prize, which challenges young people to solve the world’s most pressing issues through social entrepreneurship. Rapid technological advancements coupled with short lifespans of products has led to a growing problem of electronic waste. According to the World Health Organisation, e-waste is the fastest growing solid waste stream in the world. In 2019, an estimated 53.6 million tonnes of e-waste were produced worldwide, but only 17.4% was recycled. With the remainder of waste sent to landfill or burned, e-waste can release lead into the environment and have an adverse impact on human health. The NBS team, who hail from Kenya, India, France, and the UK, presented their Imagination Engineering business concept which uses ‘urban mining’ to address the issue. The innovative method uses naturally occurring microorganisms to break down e-waste and recover precious metals like gold, silver, and copper, providing a sustainable and environmentally friendly alternative to traditional recycling methods. Their pitch included the creation of a state-of-the-art bioleaching facility, equipped with advanced equipment, and managed by a team of experienced microbiologists and waste management experts. The facility is designed to offer comprehensive e-waste recycling services to businesses, governments, and individuals looking to dispose of their electronic devices responsibly. To create a prototype, the group conducted research with e-waste recyclers and other stakeholders in the e-waste recycling industry to understand any challenges and receive feedback on usability, efficiency, and effectiveness in recovering valuable materials from e-waste. Their business plan, which also had to consider financial sustainability and potential barriers to taking the product to market, was improved and refined throughout the process. The Hult Prize receives thousands of entries each year and only a selection are chosen to go through to summit events across the world, where ideas are pitched to a panel of esteemed judges, global business leaders, and thought leaders. While the Imagination Engineering team didn’t progress to the final, the group valued the experience and the opportunity to share their business plan. Devansh Poddar, age 23, from Mumbai, said: “One of the biggest challenges we faced was aligning our scientific research with market needs and ensuring our solution was both technically feasible and commercially viable. “I learned a great deal about project management and the importance of aligning technical solutions with market demands. This will be beneficial as we move forward with our careers and future projects. “A standout moment for me was pitching to the judges and receiving recognition for our idea. It was a validation of our hard work and creativity, and it gave us the confidence to continue pursuing our vision.” Luke Hailstone, 23, from London, added: “One of the most memorable moments for me was networking with other teams and learning about their innovative solutions. The exchange of ideas and the supportive community at the summit were truly inspiring. “A significant challenge we faced was refining our pitch under time pressure and ensuring that our complex scientific concept was communicated clearly and effectively to a non-technical audience. “This experience taught me the importance of adaptability and clear communication, which I believe will be invaluable in my future endeavours.” Paul Wreaves, course leader for MSc Innovation Management and Entrepreneurship at NBS, said: “To reach the summit stages of The Hult Prize is a fantastic achievement, and the team received some very positive feedback. “Their unique qualities, education, and professional backgrounds, combined with their shared vision and dedication, make them exceptionally well-suited to transform their venture into a reality and drive meaningful change in the e-waste management sector should they decide to pursue the idea.”

Barwood Capital acquires site in Lincoln in new strategy focused on self-storage sector

Barwood Capital has acquired its first site in Lincoln, as part of a new investment strategy focused on the growing self-storage sector which will see the company partner with self-storage specialist, Flexiss. The acquisition was made through the Barwood Regional Property Growth Fund V. Barwood is partnering with Flexiss as an operator and development partner for the new strategy, helping to acquire vacant buildings to be transformed into modern, energy efficient self-storage assets. Flexiss currently has c.£200m in assets under management, including new build development projects and conversion projects. The new facilities acquired in partnership with Barwood will trade through its SureStore brand. This first acquisition centres on the Scott Storage Centre Facility, which sits within the Lincoln Westminster Industrial Estate and currently includes a purpose-built storage and removals operation, totalling 14,500 sq ft, plus 13,885 sq ft of external storage containers. Barwood has acquired the freehold interest in this prime location and plans to repurpose the existing unit into a state-of-the-art self-storage facility with a full SureStore rebrand in early 2025. Once complete, the new store will incorporate 60,840 sq ft of space arranged over four floors, including 6,840 sq ft of external containers. The plans target an EPC rating of A, with new features including a solar array, EV charging points and motion sensor activated energy-efficient LED lighting. “The self-storage sector is currently under-served, with demand from both individuals and businesses, and our aim is to create a regionally focused portfolio of assets to support the sector’s growth,” said Edward Henson, Director, Head of Transactions at Barwood Capital. “This first acquisition is a unique opportunity to create a high-quality facility, in an area where there’s an acute under-supply of self-storage accommodation. The facility will offer a cost-effective solution for domestic and business customers in the area and create direct employment opportunities. “As with all our projects, environmental responsibility has been among the priorities; our stores will be run with the highest energy efficiencies, keeping our offering cost effective for our customers and our environmental impact to a minimum.” Mike Wilson, CEO of Flexiss, said: “We are proud to be working in partnership with Barwood Capital on this project, which will be the first in a number of projects together. We are delighted to be able to offer our customers in Lincoln innovative, sustainable and convenient self-storage solutions.” CBRE gave agency advice, with Napthens and Osborne Clarke giving legal advice on the purchase and structure.

Van Elle awarded project at former Boots site in Nottingham

Van Elle, the ground engineering contractor, has been awarded a scheme by Keepmoat at the former Boots site in Nottingham.

The scheme is worth up to £3m across several phases and is the largest single scheme awarded to its Housing division in the last 12 months.

This will be the 15th project over the last three years that Van Elle has delivered for Keepmoat.

This project will create a blueprint for a new strategic collaboration between Van Elle and M&J Evans; the groundworker in the housing sector, with a complementary, national capability. Under the agreement, Van Elle and M&J Evans will work closely together nationally on a customer-led basis to offer a more efficient, joined-up delivery model for housebuilders.

The news comes as Van Elle completes a capacity expansion project at the precast pile factory at its headquarters in Kirkby in Ashfield, Nottinghamshire. The expanded factory, which is capable of 24-hour manufacturing and utilises low carbon blended concrete mixes, sits alongside the Smartfoot precast beam factory.

This investment increases production capacity by over 30%, positioning the business well to benefit from the expected growing demand in the housing sector over the mid-term. 

Chief Executive Officer, Mark Cutler said: “We are encouraged by the new Government’s commitment to accelerate the delivery of newbuild housing. We are ready to support incremental demand with our expanded capacity and breadth of expertise, including our precast modular Smartfoot foundation solution, which offers proven benefits compared to traditional methods.

“Although we anticipate housebuilding volumes to remain subdued in the immediate future, orders in Housing for the year to date are up 20% compared to last year. We believe the Company is well positioned to play a leading partner role with a range of blue-chip customers, with whom we enjoy high levels of repeat business.”

Great Central Railway Reunification project planning application submitted

The Great Central Railway has submitted its planning application to Charnwood Borough Council for the ambitious Reunification scheme. The project will reconnect two separate heritage railways to create an eighteen-mile line stretching from the north of Leicester to the south of Nottingham, centered on Loughborough, bringing economic benefit and protecting jobs in the area’s service sector. Three parts of the scheme have already been completed and millions of pounds raised. However, to build more of the scheme planning permission is required. General Manager of the Great Central Railway, Malcolm Holmes said: “As always, we are hugely grateful and humbled by the generous donations we receive from around the world to advance the project. This next stage is crucial, so we’re now asking people to contact Charnwood Borough Council and support the planning application.” Since showcasing new plans for the proposed railway link in April 2024, an additional £50,000 has been raised by supporters towards the next phase of work. Plans now need to be turned into engineering designs and specifications, which is likely to cost in the region of half a million pounds. Malcolm continued: “Formally applying for planning consent is a huge milestone for this exciting project. It has required a lot of hard work and investment from our supporters and stakeholders. We’d like to thank everyone who has got behind Reunification and in particular our design consultants and advisers who have helped and guided us through this vital stage.” The two sections of the line being reconnected were part of the original Great Central Railway which ran from Sheffield to London. It was closed in 1969 and 500 metres of railway was removed. The revived GCR in Leicestershire now welcomes hundreds of thousands of visitors and a sister operation in Nottinghamshire is a developing heritage attraction.

Display exceptional work at the East Midlands Bricks Awards 2024

A key event in the business calendar, highlighting the exceptional work of the region’s property and construction sector, the East Midlands Bricks Awards will return on Thursday 3rd October 2024, at the Trent Bridge Cricket Ground. Nominations for the prestigious event are open, and now is the ideal time to make your submissions, ahead of the deadline – Thursday 5th September. It’s an opportunity to showcase your projects and team, reward their hard work, bolster morale, and to promote your business and its successes amongst leaders in the industry. To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.
Award categories include:

Nominations end Thursday 5th September, with winners revealed at a glittering awards ceremony on Thursday 3rd October at the Trent Bridge Cricket Ground – an evening of celebration and networking with property and construction professionals from across the East Midlands.

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:

East Midlands businesses engage with region’s charities at summit

Businesses, charities and speakers gathered at East Midlands Chamber’s Corporate and Social Responsibility (CSR) summit at the University of Derby on 11th July. 2024’s East Midlands CSR Summit was made up of a series of workshops, seminars, exhibiting charities and inspirational talks from organisations including Ideagen, Loughborough University and Futures Housing Group. The summit formed a key pillar of East Midlands Chamber’s #EMComingtogether campaign, an initiative to strengthen the relationship between commerce and communities in the region. Research findings conducted by Derby Business School and Loughborough Business School into how East Midlands businesses approach CSR were presented by Dr Barbara Tomasella of the University of Derby and Dr Elaine Conway from Loughborough University. Speaking afterwards, Dr Elaine Conway said of the research data: “We’re not surprised that people in the East Midlands want to get engaged with CSR but what has surprised us is that, in spite of COVID, in spite of the downturns of economy or the cost of living crisis, companies are still wanting to engage with CSR. “It’s that commitment, that people want to carry on, in spite of everything around them. That’s a really positive thing.” Kirsty Yates, Housing Operations Manager and Sophie Harding, Community Engagement Delivery Officer at Futures Housing gave a talk on how to collaborate with partners, businesses and employers to deliver social purpose. Kirsty Yates said afterwards: “For us, CSR is working in partnership to enhance our communities, make them more sustainable and ensure that our customers and communities can thrive and have the best opportunities available to them. “We’ve worked successfully with smaller businesses, large businesses and there’s been a mutual benefit to both parties as well as the overall community.” Sophie Harding said: “If we know who our customers are and what’s important to them, what services they need, then we can do better to support them. “For example, if a charity is working with somebody on a local level, they build a relationship with them for a long period of time. That knowledge can be passed on to us so that we can support the wider community.” Claire Knee, Global Community and Social Impact Lead from Nottingham-based global tech business Ideagen shared experience of the social impact they’ve had across education, volunteering, technology and charity support. Speaking afterwards, Claire Knee said: “CSR engagement gives us the opportunity to have social impact, which is important to Ideagen. Community is one of our three values, so it enables us to live out that value, enables us to be proud of the place that we work and to recognise the good that we do. “There’s a lot of positivity we get through colleague engagement in volunteering, there’s an absolute sense of pride in a job well done for the community.” East Midlands Chamber President Stuart Dawkins, who opened the summit said: “Getting businesses together with communities and charities to look at the best ways of developing a solid CSR approach can only be a good thing. “Events like this are a good springboard for thought – what are you doing yourself to assist your community. As I opened the summit, I spoke of the risk to businesses that don’t prioritise CSR getting left behind. It was encouraging to see so many East Midlands businesses share great ideas of how to deliver CSR really well.” Speakers at 2024’s East Midlands CSR Summit included:
  • Dr Nicola Lynch – Head of Business School, University of Derby
  • Claire Knee – Global Community and Social Impact Lead, Ideagen
  • Hafsa Mitha – Philanthropy Executive, Community Foundation Leicestershire and Rutland
  • Kirsty Yates – Housing Operations Manager, Futures Housing Group
  • Sophie Harding – Community Engagement Project Delivery Manager, Futures Housing Group
  • Dr Barbara Tomasella – University of Derby
  • Dr Elaine Conway – Loughborough University
  • Stuart Dawkins – President, East Midlands Chamber

Derbyshire defibrillator firm acquired by Stockholm business

Safe Life, a Stockholm-based provider of life-saving solutions with portfolio companies across Europe and North America, has acquired Derbyshire-based Defib Store.

The acquisition marks Safe Life’s third in the UK and 25th since inception. Defib Store is an Automatic External Defibrillator (AED) cabinet manufacturer and independent defibrillator supplier with expertise developed through 30 years of designing and manufacturing bespoke cabinets and specialist enclosures based at offices in Derbyshire.

“We are happy to welcome Defib Store’s employees to Safe Life,” says Jimmy Eriksson, Safe Life CEO. “The United Kingdom is an important market for Safe Life, and with the stellar reputation Defib Store has earned, we now have a solid base to continue building our infrastructure in the UK to save more lives.”

“We are excited to join Safe Life not only to bring the best minds onboard, but also contributing in its mission to saving lives on a global scale,” said Alex Bennett, Co-Founder at Defib Store.

“I feel it is the responsible decision to join Safe Life for the benefit of Defib Store’s customers, employees and future due to the significant investments in our collective mission that Safe Life continues to make.”

With a recent capital raise, Safe Life is in position to continue to make strategic acquisitions in its core geographical markets.

Go Green, Digital and Innovate Grant Schemes open to Harborough businesses

Businesses are being invited to apply for grants to help them thrive and grow.
Harborough District Council launched three new grant schemes at the recent Harborough Go Green Business Convention that are designed to provide vital financial support for local organisations in the Harborough district. Funding of up to £2,000 is available to support projects that align with one of the following themes:
  • Go Green: Aimed at helping businesses reduce their carbon footprints, increase energy efficiency, and lower fixed costs.
  • Go Digital: Supports the adoption of digital technologies to improve business performance and enhance online customer engagement.
  • Go Innovate: Provides funding for new products or methods to improve efficiencies and drive business growth.
To qualify, businesses must have completed the Leicestershire Business Advice Service (LBAS) programme and must include an LBAS action plan in their grant application. The grants will close on Thursday 31 October 2024, however funds will be allocated on a first come first served basis for those who meet the criteria, so early application is encouraged. Cllr Jo Asher, Cabinet lead for Culture, Leisure, Economy and Tourism, said: “We are thrilled to open these grants and support our local businesses in their growth journeys. “The Go Green, Digital, and Innovate Grants provide essential funding that can help businesses implement sustainable practices, embrace digital advancements, and innovate for the future. I encourage all eligible businesses to take advantage of this opportunity.” These grants are being managed and distributed by Harborough District Council using £46,000 received from the UK Government through the UK Shared Prosperity Fund.

East Midlands experiences downturn in Foreign Direct Investment

The East Midlands has experienced a downturn in Foreign Direct Investment (FDI), according to the latest EY UK Attractiveness Survey. The region recorded 31 projects in 2023, a 35% decrease on the previous year. This decline marks the second-lowest total of FDI projects for the East Midlands in a decade, causing its share to drop to 3.1% of all UK projects. The East Midlands ranked as the UK’s tenth best performing region in attracting investment. The East Midlands recorded almost the same number of jobs associated with FDI projects in 2022 as in 2023. The total in 2023 was 2,848, ranking the East Midlands eighth out of twelve UK regions for FDI-associated employment. The East Midlands’ FDI performance was led by Transportation Manufacturers and Suppliers with seven projects, followed by Agri-food with five, and Machinery and Equipment and Software and IT services, each with four projects. The East Midlands’ performance contrasts that of the West Midlands, which attracted 127 FDI projects in 2023, its highest total of the last decade. Simon O’Neill, Office Managing Partner for EY in the Midlands, said: “The West Midlands recorded a meteoric rise in inward investment last year, a clear indicator of the region’s strong economic potential and its growing appeal to international capital. “While we celebrate these successes, we remain committed to understanding the challenges faced by the East Midlands and to supporting its efforts to regain momentum in attracting global investment. The West Midlands’ success story is not only a win for the region but also a significant contribution to the UK’s position as a prime destination for foreign investment.”

Phenna Group makes seventh acquisition of 2024

Nottingham-headquartered Phenna Group, which invests in and partners with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies, has made its seventh acquisition of 2024. The acquisition augments Phenna Group’s Built Environment Division, adding service and geographic extension to its specialist fire capabilities. Based out of London and established in 2020, TriFire is one of the leading fire protection safety and consultancy providers in the UK, offering a range of services to housing associations, building surveyors and managing agents. Adam Kiziak, Principal Consultant at Tri Fire, said: “I am thrilled for my team and I to be joining Phenna Group. From our first meeting it was obvious there was a great fit and our services would complement their existing portfolio in the UK market. I’m looking forward to working with Brian and his team to fast track our future growth plans.” Brian Shannon, Divisional MD, Built Environment (UK, Ireland & Middle East) at Phenna Group, said: “I’m delighted to welcome Adam and his team to my Division. Their services are highly complementary to the wide range already offered by Phenna Group in the Built Environment space and will offer our customers, old and new, added value. I look forward to helping the Tri Fire team deliver on their exciting growth plans.” Phil Marshall, CEO of Phenna Group, added: “I’m excited to have Tri Fire join our Group. This acquisition is strategically important, adding UK fire expertise to our current Irish market leading position and cements our growing ‘one stop shop’ capabilities in the UK Built Environment market. I look forward to seeing Adam and his team, excel within Phenna.” Phenna Group were advised by RSM and Avonhurst. Tri Fire were advised by Oaklins Evelyn Partners and Cripps.

Call for new government to support East Midlands entrepreneurs as start-ups slump

The steep drop in the number of new businesses set up in the East Midlands has continued into a second month, with significant numbers of local entrepreneurs holding back while the political landscape remains uncertain. This is according to the Midlands branch of national insolvency and restructuring trade body R3 and is based on a monthly analysis of regional start-up data from business intelligence provider Creditsafe. R3’s figures show there were 2,141 businesses set up in the East Midlands in June, which is a substantial 40.51% decrease compared to the 3,599 new businesses registered in April, prior to the announcement of the General Election. The May figure for the region was similarly low, with only 2,076 start-ups during the month. These statistics sit within a volatile economic backdrop while the local economy waits for the dust to settle on the new government. There remains a high number of East Midlands companies with late payments on their books – 23,736 in June – and also a growing quantity of debts owed by liquidated firms in the region. R3 Midlands Chair Stephen Rome, a partner at local law firm Penningtons Manches Cooper, said: “It’s apparent that entrepreneurs have, understandably, taken a cautious approach over the last couple of months, waiting to see how they may be supported or held back by a change in government. “Going forward, it’s vital for start-ups to have a reliable economic platform to launch their undertakings, particularly as they are still having to navigate the longer-term economic challenges of inflation and spiralling fuel, energy and wage costs. Helping to achieve this has to be a political priority for our new politicians, law-makers and opinion formers. “In the meantime, should significant cash flow difficulties arise for new entrepreneurs or established business owners alike, it’s crucial to take professional advice as soon as possible. There is a significant amount which can be done to rescue and support local businesses if help is taken early enough.”

Northamptonshire contractor reports 56% revenue growth

A continued focus on the later living sector has seen main contractor Kori Construction grow revenue by almost 56% in the 12 months to March 31, 2024. The contractor, based in Corby, Northamptonshire, reported sales of £54.1m in 2024, up from £34.7m in the same period of the previous year. Pre-tax profit climbed to £4m in the 12 months to March 31, up from £1.5m in the previous financial year and generating a profit margin of 10.5% – outstripping the industry average. The company also reported a 100% increase in net worth and continues to operate a dividend strategy which prioritises strengthening the balance sheet and retaining earned profits to support future growth ambitions. Jordan Connachie, Managing Director of Kori Construction, described the results as very encouraging, attributing the performance to strong client and subcontractor relationships, and the dedicated and professional team within the business. He added that the company’s deep sector understanding, combined with robust financial controls, had enabled Kori Construction to mitigate risks, particularly inflationary pressures brought about by increases in material and labour costs. Mr Connachie said: “Over the year, we have cemented ourselves as the leading main contractor of choice for purpose-built care homes in the UK, which is testament to the strong relationships we have built and maintained with our operator and developer clients, spanning from independent operators to blue chip businesses. “As a result, the company has safely delivered five projects totalling 332 beds in the year, bringing the total number of completed beds to more than 1,000. “With a further 10 projects under construction totalling 671 beds, the company continues to experience significant demand in the sector.” Mr Connachie added future growth would continue to come from the care home sector, but also from the multiroom sector and retirement living projects which accounted for 35% of the company’s pre-construction opportunities over the financial year.

SkegVegas 100-mile bike ride set to return as £50,000 handed over to charities

Organisers of a sponsored 100-mile bike ride which took cyclists from Derby to Skegness have handed over £50,000 to two city charities – and are already looking for people to take part next year. Cosy Foundation has given the money to the Derbyshire Children’s Holiday Centre and Derby Kids’ Camp following the SkegVegas 100 event, which took place in May. It is the most the bike ride, which was launched in 2013, has ever raised, thanks to the generosity and pedal power of more than 70 participants, whose journey took them from Derby Arena through Nottinghamshire and Lincolnshire and to the holiday centre’s door. It was also the biggest turn-out the ride had ever attracted thanks to a huge effort by its organisers, led by Cosy’s managing director, Dave Hook. But now Peter Ellse, CEO of the Cosy Foundation, says organisers are looking to go bigger and better next year, with more riders and more money for the charities top of their wish-list. The money raised will help pay for the charities’ work, which involves providing holidays for under-privileged young people across the county. The Derbyshire Holiday Children’s Centre treats them to a week at the seaside in Skegness, while Derby Kids’ Camp gives them a week away sleeping under canvas, with games, treats and songs around the campfire at its own site outside Ashbourne. Next year’s ride will take place on May 17 and there will be a host of new features including a walk called the Ashbourne Amble, a 20-mile trek across the Derbyshire countryside which will take place at the same time. It is designed to give people who do not fancy embarking on the bike ride a chance to undertake their own fundraising challenge and it also helps reflect the work done by Derby Kids’ Camp. The bike ride is also being opened up to local businesses, who will be invited to enter teams of four to 10 people and will get their own corporate cycling jerseys to commemorate the occasion. And there will be a special celebration in the evening in Skegness, where the saddle-sore riders can unwind and swap their cycling tales, complete with refreshments and entertainment. Peter said: “We learned this year how much of an institution the SkegVegas 100 is, with people returning year after year to take part and raise thousands of pounds for charity. “We want to build on that by getting as many people involved as possible and raising awareness of these two wonderful charities who give young people a lifetime’s-worth of memories by giving them something everybody else takes for granted – a holiday. “By organising a walk that will take place at the same time as the bike ride we will attract people who might feel that a 100-mile bike ride is beyond their capability but who are willing to take on a 20-mile hike to Ashbourne, which is just a few miles or so away from Derby Kids’ Camp. “We also want to make the events extra memorable and reward everyone who is taking part, so what better way than host a party with, we hope, an Elvis impersonator thrown in.” The SkegVegas 100 ride has become a much-loved fixture in the yearly calendar for the Derbyshire Children’s Holiday Centre, which, in the same spirit as Derby Kids’ Camp, gives a week’s seaside holiday to underprivileged children from Derby. Alan Grimadell, chair of the Derbyshire Children’s Holiday Centre, said: “The SkegVegas 100 ride has raised many thousands of pounds over the years and we are thrilled with the success of last month’s event. “Even though it happened a few weeks ago, Dave and his team have wasted no time in planning next year’s event and we’re all excited with the prospect of raising awareness of the ride even further and incorporating new ways in which to raise money.” Chris Edwards, chairman of Derby Kids’ Camp, said: “This was our first year of being involved in the SkegVegas ride and the warmth, camaraderie and generosity of everybody who has helped organise it or have taken part has been a true eye-opener. “They have helped raise an incredible amount of money, which will buy a whole load of happy memories for the young people who come out to our camp to get some fresh air, make new friends and just have fun.”

Former haulage warehouse in Lincoln hits the market for £3.3m

The former home of a family-run haulage firm is being marketed for sale by Watling Real Estate, who are seeking offers in the order of £3.3 million for the 78,733 sq ft industrial / warehousing unit in Lincoln. The property comprises a detached, self-contained, four bay industrial/warehouse premises, located within the principal commercial district of Lincoln. Ben Holyhead and Chris Davies of Watling Real Estate’s Birmingham office have been instructed to sell the vacant unit on Freeman Road, North Hykeham, on behalf of joint administrators from Kroll, who were appointed over Cartwright Bros. (Haulage) Ltd on 20 June this year. Ben Holyhead said: “Given market demand for freehold industrial and warehousing accommodation, we anticipate a good level of interest, from occupiers and property investors alike. We expect demand to be supported by the property’s sub-division and asset management potential. “Given the critical shortage of standing freehold industrial stock within Lincolnshire and the wider East Midlands, and with the cost of developing new accommodation exceeding £100 per sq ft, we expect the property to be an attractive proposition to a variety of potential purchasers.”

UK economy returns to growth

The UK economy returned to growth in May, following a flat April, according to new figures from the Office for National Statistics (ONS). GDP (gross domestic product), a key measure of economy growth, showed a 0.4% month-on-month uptick in May, ahead of expectations. All three main sectors contributed positively, with services output growing 0.3% in May, production output growing by 0.2%, and construction output growing 1.9%. Ben Jones, CBI Lead Economist, said: “The latest data shows that the UK’s economic recovery is starting to put down roots. While growth in May was driven by a rebound in sectors such as retail and construction, which were hit by poor weather earlier in the spring, recent months have seen activity creeping up across a wide range of sectors. “The new Labour government will benefit from some economic tailwinds going forward, with consumer confidence rising as lower inflation and strong wage gains support household incomes. However, many firms remain cautious about the near-term outlook. While the outcome of the election will help dispel some of the recent uncertainty, it could take a turning of the interest rate cycle for the recovery to really bed in. “The new government’s focus on making growth a priority is welcome. However, to put the economy on a pathway to long-term, sustainable growth, we need to see concrete actions to deliver that vision within the next 100 days.

“While recent commitments to reforming the planning system are hugely welcome, firms are also keen to see progress in other key areas. A Net Zero Investment Plan would support ambitions to boost green growth, and a clear business tax roadmap would help deliver the stability that firms are looking for.”

Nottingham recruitment company secures multi-million-pound investment

Specialist recruitment company Metric Search has secured a multi-million-pound investment from BGF, the growth capital investors. Founded in 2019 by Joe Jani, with headquarters in Nottingham, the business has offices in New York, London and Florida to service its growing US customer base. The funding from BGF will allow Metric to further extend its footprint in the US recruitment market, which is worth an estimated $216 billion, by expanding its offering into dedicated exec search, contract recruitment and further niche specialisms. The deal was led by Adam Huckerby, Sam Giurani and Seb Saywood, investors in BGF’s Midlands team. Andy McCrae – part of BGF’s Talent Network – is joining as non-executive chair (NXC). He brings a wealth of industry experience from the likes of Phaidon International, Oliver James and SR Group, having previously worked with a range of PE-backed businesses and entrepreneurs. In addition, John-Joe Walker has been appointed as chief commercial officer to ensure the company continues to offer the best level of client care across its global office base, alongside continued support from Zac Flint as finance director. Joe Jani, founder and CEO, said: “Our global footprint has enabled us to successfully grow in the US market, whilst building a world leading HQ in our home city of Nottingham. From there, we have developed a compelling proposition in high growth, well capitalised sectors that have an excellent outlook, servicing clients that are at the forefront of cutting-edge technology and innovation and range from SMEs to blue-chip companies. “The US recruitment market as a whole has vast potential and will play a crucial role in helping us to accelerate our growth ambitions – both geographically and from a sector perspective. In BGF we have an aligned investment partner which has the experience, network and approach to help us achieve our exciting plans and we’re delighted to be partnering with them.” BGF investor Adam Huckerby, who will join the Metric board, added: “Metric has achieved remarkable success in a short amount of time, and is well placed to capitalise on the dynamic, growing US recruitment market through its high quality, specialist service. “This is a great example of how BGF can support ambitious, high performing teams to fulfil their plans. We look forward to working with Joe and the team with the next phase of accelerated growth.” Cowgills advised management on the deal. James Kennedy, partner in the deal advisory team, said: “We are very pleased to support Metric in securing an investment from BGF. The high performing Metric team are great to work with and I wish them every future success as they continue their impressive momentum in the US.” Other advisers on the deal to the company and shareholders were Cowgills Corporate Finance (James Kennedy, Brett Marsden, Tom Roberts), Knights (Gavin White, Hannah Jones, Rachel Hatton, Clive Day), Cowgills Tax (Georges Daubney, Jason Gauthier), and Browne Jacobson (Matt Bolton). Other advisers on the deal to BGF were Gateley Legal (Matt Hussey, Sophie Cahalin, Tammi Broad), Claritas Tax (Ses Memhi, Cass Cornforth, Natalie Lee), and Fairgrove Partners (Paddy Woods Ballard, Oli Lestner).

Business helps homeless people learn IT skills

Nottingham-based recruitment company Staffline is providing equipment and training to help homeless and vulnerable people across the East Midlands gain digital skills. Staffline has donated around 400 items of pre-loved IT equipment to the homelessness charity Framework. The items, including more than 140 laptops and 100 tablets, as well as smartphones and protective cases, are estimated to be worth more than £23,000. Framework’s digital inclusion team will use these to help people in need to acquire the vital IT skills and confidence to live independently. In addition staff from the company are providing pro bono support by delivering IT training to Framework’s staff. Matt Roberts, Staffline’s Group Head of IT, said: “At Staffline, we’re not just about providing top-notch flexible work across the UK; we’re about making a real difference in our communities, too. “That’s why we’re thrilled to share our recent collaboration with Framework, a charity dedicated to supporting homeless individuals in the East Midlands. By donating tablets and laptops, we’re opening doors to new opportunities for people in need, aligning perfectly with our core values and vision. “One of our core values, to ‘Stand Up and Be Counted’, is about building credible relationships and delivering on our promises with relentless passion. This donation to Framework embodies that commitment, offering a lifeline to those who are often left behind. We believe in the power of technology to connect, educate, and empower individuals, helping to bridge the gap between adversity and opportunity. “‘Doing the Right Thing’, another core value at Staffline, is at the heart of everything we do. Acting with integrity and honesty, we adhere to the highest ethical standards, which is why partnering with Framework felt so right. “This initiative supports their vision of creating an inclusive community where everyone has the chance to thrive. Together we’re working towards a future where homelessness is not just addressed but prevented, through understanding, support, and access to crucial resources like education and employment opportunities. “We’re proud to support Framework’s goals, which resonate deeply with our vision of creating a future where everyone feels valued, supported, and hopeful. Through this donation, we’re not just providing technology; we’re helping to build a foundation for resilience, skill development, and a sense of belonging. “It’s a reflection of our belief in doing the right thing for our community, standing up to be counted, and making a tangible difference in the lives of those we serve.” Framework’s Head of Fundraising and Communications, Claire Eden, said: “Businesses and organisations provide vital support to our work in many different ways including payroll giving, taking part in fundraising events, or making Framework their charity of the year. “Gifts in kind and pro bono support also make a massive contribution to the work we do to help people in need – as in the case of Staffline’s hugely generous and heartfelt support which is greatly appreciated. “The quantity, quality and range of equipment provided by Staffline have given many more service users access to vital digital communications equipment. The training offered has increased the skill level among our service users. Both elements of this support have increased the scope and effectiveness of the work by our colleagues and have advanced digital inclusion among our service users. “Thank you to everyone at Staffline who has been involved in this exceptional initiative. We are delighted to demonstrate our appreciation by including Staffline among our Friends of Framework – a group of businesses who have gone above and beyond in their support of our work. The plaque we recently presented provides enduring evidence of that appreciation.”

New plan launched for Nottingham’s economy

A new plan has been created to help boost Nottingham’s local economy over the next ten years. Nottingham City Council have worked with partners across the city to create the Economic Plan for all private, public and third sector partners, residents, and stakeholders. The vision is to deliver a vibrant, sustainable, and investment friendly Nottingham that promotes inclusion, secures resilience and unlocks prosperity for residents and businesses. The Nottingham Growth Board, which is a partnership of some of Nottingham’s key businesses, educational institutions, and public sector organisations, will oversee the plan. The idea behind the Economic Plan is to have:
  • A shared vision for improving the economy of Nottingham
  • A plan to help the city grow in a fair and sustainable way that benefits all citizens of Nottingham
  • A framework of activity to help focus ambition and investment in our city
  • A plan for all partners in the city to work towards to create sustainable and inclusive economic growth
Nottingham has lots of strengths, with a young and diverse population, leading Creative and Digital and Life Sciences sectors, strong business survival rates and a vibrant visitor economy. But there are areas for improvement, including the city having above average unemployment, low levels of graduate retention and lower than average educational attainment, which are all factors that limit the success of the local economy. To tackle these challenges, the city needs to look at ways to support people to gain skills and remain in meaningful employment as well seeking to improve graduate retention, securing regeneration opportunities, greener transport, nurturing start-up companies and building on sector strengths. The vision will be delivered by four key ambitions across four themes: People and SkillsTo facilitate additional employment of 12,000 new jobs by 2030. The vision is for lifelong learning with an educational offer that aims to improve employment levels and gives residents the skills they need to have successful careers. Enterprise and Investment: To generate £500m of additional Gross Value added by 2030 in the city. The vision is about sustainable growth in the city, where existing industries are nurtured and new industries are empowered to expand and contribute towards a diverse, growing and prosperous economy. Infrastructure & ConnectivityDevelop infrastructure and services to serve a city population of 345,000 and a population across Greater Nottingham of 710,000 by 2030. The vision is to promote areas that are dynamic, green and inclusive, with sufficient quality living space, and excellent physical, transport and digital connectivity. Liveability, Experience and RegenerationTo secure the next £4bn of regenerative investment in the city and bolster quality of life The vision is for a contemporary, clean and globally competitive city centre with bustling and attractive neighbourhoods that draw residents and visitors to a rich leisure, sporting and heritage experience in Nottingham. Ethan Radford, Deputy Leader & Executive Member for Skills, Growth and Economic Development, said: “The launch of this plan comes at a really important time for the city, which already has many success stories. We have many successful and global businesses based here, but despite this success we know there is more we can all do to improve the prosperity of the city. “The new 10-year strategy has been created based on significant research, data analysis, stakeholder engagement and expert advice from the Nottingham Growth Board. It aims to tackle the issues impacting our economy now and in the longer term. “We held a consultation with the public, partners and businesses of the city earlier this year and took on their feedback to help us create this final version of the Economic Plan. We now need to work with these partners and business to deliver this plan for Nottingham’s economy, and for our residents and businesses that live here now or who will live here in the future.” Nick Ebbs, Chair of the Nottingham Growth Board, said: “Nottingham is a great City. Two world leading universities, enviable cultural assets and high growth businesses in life sciences, digital and creative industries. But there is also another story. A story of deprivation, low productivity, economic inactivity and limited opportunity. “As a City we need to pull together to build on what is going well and to sort out what is failing. The City’s new Economic Plan sets out a roadmap to a more economically successful, sustainable and inclusive future. It can’t fix everything but it can make a significant contribution. “The launch of the new plan is a positive step and I look forward to working with all partners across the city to deliver our shared ambitions.”

Fashion logistics provider lets 587,000 sq ft unit at Magna Park Corby

GLP has signed a new lease agreement with Bleckmann, a logistics provider for companies in the fashion and lifestyle industry, for its 587,662 sq ft MPC 3 unit at Magna Park Corby. A milestone for Bleckmann, MPC 3 is now the largest building in Bleckmann’s portfolio, and now the third occupied building with GLP, with the first two in Magna Park Lutterworth, bringing the total occupied space with GLP to over 965,000 sq ft. Founded in 1862, Bleckmann has evolved from a transport company into a full supply chain solutions provider with a specific expertise in e-fulfilment solutions in the fashion and lifestyle industry. Mark Van Onna, General Manager Real Estate at Bleckmann, said: “The combination of availability, capacity and sustainability was unique and perfectly matched our requirements. The 588,000 SQ FT footprint of the building and an internal clear height of 18 meters, enables us to utilize the cubic meters of the building in a very efficient way. “With a BREEAM Outstanding certificate, this is a future proof building which we have added to the Bleckmann UK portfolio. This is our third transaction with GLP in the UK which clearly demonstrates our professional partnership.” James Atkinson, Development Director at GLP, said: “Magna Park Corby’s importance as a logistics hub is strengthened by this significant agreement with Bleckmann. Their decision to establish a presence at Magna Park Corby recognises the UK as being a crucial growth market for their business. “We continue to see strong demand for modern best-in-class, sustainable logistics warehouses and are delighted to see Magna Park Corby continuing to grow.”