Monday, August 11, 2025

Chancellor’s plans fall short as inflation and business costs hinder growth

Despite recent proposals from the Chancellor to stimulate growth, businesses in the East Midlands are sceptical. The region’s inflation rate surged to 3.6% in June, exacerbating already fragile business confidence, as reflected in the latest Quarterly Economic Survey.

In the Mansion House speech, the Chancellor outlined measures intended to ease business operations, including reducing regulatory barriers to encourage risk-taking, streamlining recruitment processes for senior leaders, and offering a concierge service to assist companies wishing to set up in the UK. However, local businesses remain unconvinced.

East Midlands Chamber has pointed out that while the measures may benefit certain sectors, they fall short of addressing the underlying challenges faced by businesses. The rising inflation, alongside increased operational costs such as higher National Insurance contributions and the national living wage, continues to put pressure on firms.

In a climate where many businesses are anticipating no growth, the Chancellor’s plans may not be enough to restore confidence or encourage the much-needed investment. As the economic outlook remains uncertain, business leaders are calling for stronger, more immediate support, including assurances that future tax hikes will not further hinder their operations.

Sustainable building products group sees revenue and profit rise

Alumasc, the Northants-based sustainable building products, systems and solutions group, has seen revenue and profit rise, despite ongoing macroeconomic uncertainty in the majority of its commercial markets.

According to a trading update for the year ended 30 June 2025 (FY25), the firm is expecting revenue growth of 12% to approximately £113m, up from £101m in the year prior.

Meanwhile, underlying profit before tax is expected to be £14.2m, approximately 9% above the prior year, and in line with market expectations.

Paul Hooper, chief executive of Alumasc, said: “I am pleased to report another year of revenue and profit growth and a performance in line with market expectations.

“This strong performance was achieved against a backdrop of challenging market conditions, with macroeconomic uncertainty affecting business and consumer confidence.

“We have established plans to mitigate any continued short term challenges, by continuing to focus on winning market share and entering adjacent markets, and by providing excellent customer service and new products. We will also maintain our disciplined approach to capital allocation and our commitment to efficiency improvements.

“As market conditions improve, we remain optimistic that our growth strategy and focus on higher-growth environmentally sustainable solutions will deliver significant shareholder value.”

Fire protection tech gains traction with UK boaters and caravan owners

A Nottingham-based fire safety company is experiencing a sharp rise in demand from the leisure sector, particularly from boat and caravan owners, who are seeking more effective ways to protect their vessels from fire risks. Aerocom (UK) Ltd, the sole UK distributor of MAUS fire suppression products, has reported an increase in enquiries, driven by the growing awareness of the hazards posed by onboard electrical systems.

The company’s MAUS units, including the MAUS Stixx Pro V1 and MAUS Xtin Klein, are particularly popular due to their compact design and zero-damage capabilities.

Government statistics have highlighted that electrical fires are the second most frequent cause of household fires in the UK, reinforcing the need for reliable fire safety solutions. The MAUS systems, which are also used by high-profile automotive brands such as Toyota and Audi, are proving valuable in protecting both property and people.

In addition to the UK, demand is rising in international markets, with notable installations such as the superyacht Mirage in Spain, which recently outfitted 15 units. Boat owners are increasingly adopting this innovative technology, appreciating its efficiency and minimal footprint for fire protection.

£60m secured to support carbon capture in UK cement industry

A new carbon capture initiative in the UK’s cement industry has successfully raised £59.6 million in equity funding to help decarbonise up to 40% of the sector. The Peak Cluster project, aimed at reducing carbon emissions from manufacturing sites in Derbyshire and Staffordshire, will utilise this funding to develop a new carbon dioxide transport pipeline.

The initiative is backed by key industry players, including Breedon, Tarmac, Holcim, and SigmaRoc, alongside decarbonisation specialists Progressive Energy and Summit Energy Evolution. The project’s mission is to capture, transport, and store CO emissions from cement and lime production, contributing to the sector’s shift towards a low-carbon future.

A £28.6 million investment has been secured from the National Wealth Fund to help fund the pipeline infrastructure. The project is set to play a vital role in achieving the UK’s carbon reduction goals, with significant backing from both the private and public sectors.

Inflation sees June jump

Inflation ticked up in June, according to new figures from the Office for National Statistics (ONS). Measured by the Consumer Prices Index (CPI), inflation was stronger than expected at 3.6% in the 12 months to June, up from 3.4% in the 12 months to May. On a monthly basis, CPI rose by 0.3% in June 2025, compared with a rise of 0.1% in June 2024. Transport, particularly motor fuels, made the largest upward contribution to the change. Core inflation, meanwhile, which takes out volatile factors like energy, food, alcohol and tobacco to give a clear picture of underlying trends, came in at 3.7% in the 12 months to June, up from 3.5% in the 12 months to May.
Martin Sartorius, principal economist, CBI, said: “June’s stronger-than-expected inflation print will raise concerns that recent price pressures – driven by higher household energy prices and the passthrough of increased employment costs – could potentially re-entrench inflation in the economy. “While we still expect the Bank of England’s Monetary Policy Committee to continue gradually cutting rates, today’s upside inflation surprise means its August decision will be finely balanced. Underlying price pressures show signs of easing as the labour market cools, which should support a rate cut. However, some members of the MPC will be wary of loosening too quickly and, consequently, risk inflation remaining above target for longer.”

Frank Key backs Deal of the Year at the East Midlands Bricks Awards 2025

Frank Key has joined the sponsor line up for the East Midlands Bricks Awards 2025, backing the Deal of the Year category. Since 1907 Frank Key has been renowned for supplying market-leading building, plumbing and timber materials. Built on family values, the business has grown to stock interiors, landscaping, civils and drainage products, as well as providing high-quality plant and tool hire equipment, making Frank Key a true one-stop shop for all your project requirements. Frank Key’s reputation is not only built on the wide range of products sold, but how it does business. Given its experience within the industry and with many of the Frank Key team being long-standing members of staff, the firm is in the best position to provide you with the expert advice and service you need. Frank Key will order non-stocked items, stick to delivery dates and honour agreements. Speaking with Business Link, Ben Sansom, Group Sales & Marketing Director at Frank Key, said: “Frank Key is delighted to sponsor the East Midlands Bricks Awards 2025. “With over 110 years of experience supplying the building trade, we are proud to support an event that celebrates the incredible achievements in the property and construction sectors across our region. We wish all the nominees the very best of luck and look forward to seeing the innovative projects shaping the East Midlands.” The East Midlands Bricks Awards, which will take place on Thursday 2nd October at Nottingham’s famous Trent Bridge Cricket Ground, celebrates the successes of property and construction companies in Derbyshire, Nottinghamshire, Leicestershire, Lincolnshire, and Northamptonshire. Recognising those behind the changing landscape of the East Midlands, the occasion highlights development projects, businesses, and people in commercial and public building across the region – from office, industrial and residential schemes, through to community projects such as leisure schemes and schools. It also toasts the work of architects, agencies, and those behind large schemes. Welcoming almost 150 professionals, nominating a company or project for the awards is a great way to showcase your successes, recognise your team’s efforts, bolster morale, and reach our audience of over 60,000 business readers, while also offering a chance to connect with respected professionals. It’s completely free to enter and making the top three finalists in your category also wins you free tickets to the event.

To make a nomination for the East Midlands Bricks Awards 2025, please click here.

Supporting imagery, video, documents, or links to these, can be sent to bricks@blmgroup.co.uk. Video nomination pitches are also welcome as an alternative or companion to written entries. Categories include: All finalists will have the chance to take home the Overall Winner award, which this year comes with a grand prize of a year of marketing/publicity worth £20,000, with the opportunity to split or gift the marketing to a charity of your choice.

Nominations will close on Friday 15th August.

New for this year, all entrants will also have the opportunity to be featured on our dedicated nominee showcase on the East Midlands Business Link website, providing space for marketing your achievements.

The East Midlands Bricks Awards 2025

What: The East Midlands Bricks Awards 2025 When: Thursday 2nd October (4.30pm – 7.30pm) Where: Derek Randall Suite, Trent Bridge Cricket Ground, Nottingham Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands Tickets: Available here Dress code: Standard business attire Thanks to our sponsors:                                                                        

To be held at:

East Midlands Chamber urges Chancellor to restore confidence in financial sector

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The East Midlands Chamber is calling on Chancellor Rachel Reeves to take swift action in her upcoming Mansion House speech to address the growing concerns within the region’s financial sector. The Chamber’s latest Quarterly Economic Survey for Q2 2025 reveals a concerning drop in overseas sales, which have fallen by 10%, and a 3% decline in orders. Furthermore, only 30% of businesses expect profitability to improve shortly.

With businesses facing mounting pressure, the Chamber is urging the Chancellor to consider measures that reduce the burden of regulation and costs, allowing for more calculated risk-taking within the financial services sector. Firms are seeking a clear and supportive plan, particularly regarding tax policies, to ensure they can continue to plan for growth without fear of additional obstacles.

The Chamber stresses that firms in the region are seeking proactive, tangible actions from the government to support growth. Businesses need a stable and positive environment to thrive, and the Chamber is calling for policies that clear the path to recovery and expansion.

Policies in Employment Rights Bill are barriers to growth says Chamber

East Midlands Chamber has reinforced calls for parts of the Employment Rights Bill to be reconsidered after UK-wide research revealed significant concerns from businesses across a number of areas, such as the speed at which the Bill is travelling through Parliament and the impact of policies on tax, employment and regulation seen as a ‘barrier to growth’. Nearly 8 out of 10 businesses that took part in the British Chambers of Commerce (BCC) study felt the impact of policies is not being adequately assessed, while a third said trade union proposals would have a negative impact. Measures outlined in the Bill, currently going through the report stage in the House of Lords, include removing the lower earnings limit from statutory sick pay; requiring employers to take ‘reasonable steps’ to prevent sexual harassment of employees; ‘day one’ rights given to employees for parental or paternity leave and protection against unfair dismissal. Findings from the British Chambers of Commerce research on business views on the Employment Rights Bill:
  • One third (33%) said trade union proposals would have a negative impact
  • Only 2% of firms believe the proposals would be positive
  • Nearly 8 out of 10 (79%) of firms don’t feel the impact of new government policies is being properly assessed
  • 77% don’t think policy change is moving at the right pace
  • Nearly 7 out of 10 (69%) think government policies such as tax, employment and regulation are barriers to growth
East Midlands Chamber director of resources, Lucy Robinson said: “Parts of this Bill, including requirements like statutory sick pay and day one paternity leave are due to kick in as soon as April next year – that doesn’t give much time for businesses to prepare – and then they’ll be followed not long after with a number of other measures, like the end of ‘fire and rehire’ and day one unfair dismissal protection, according to the timeline the government recently published. “The proposed measures are going to impact the way most firms operate and are likely to add to their pile of paperwork and associated costs, as well as limit the scope of those looking to restructure. While I appreciate there’s been some consultation from the government, for 8 out of 10 businesses across the country that took part in the British Chambers of Commerce research to have said the impact has not been properly assessed underlines the need to get a better steer from the business community and how they’ll be affected. “7 out of 10 UK businesses in this research said policies around things like tax, regulation and employment would be a barrier to growth – I’d say that’s a clear red flag and shows a need for more consultation to get this right. With the speed this Bill is moving through Parliament, also highlighted as a concern in this study, the government should be open to making changes before these policies are set in stone. “When you consider the barrage of challenges firms have had to contend with recently, whether increased staffing costs from higher National Insurance contributions or inflation, it’s essential their needs are prioritised before this Bill is passed. “For East Midlands businesses, I’d urge taking advantage of the Chamber’s HR Forums as a really useful resource around what the proposed changes might mean for them.” British Chambers of Commerce deputy director of public policy, Jane Gratton said: “The opportunity to make any significant changes to the Employment Rights Bill to ease the cost and disruption to business is fast disappearing over the horizon. While the government has consulted on several aspects, and listened to some concerns, the legislation still does not strike the right balance. “A number of the proposals are deeply worrying for employers. They will increase employment costs, complexity and risk for firms, particularly SMEs who will be disproportionately affected. We are likely to see unintended consequences that could limit people’s employment opportunities and the UK’s economic growth. “To grow our economy, firms must have the flexibility and agility to deal with challenges and opportunities. Government needs to help not hinder businesses – to innovate, adopt new technologies and be more productive and competitive. By adding more restrictions and building in further delays before change can happen, the Bill jeopardises all of this. It is creating a lose-lose scenario for everyone in the workplace. “While there many are things in the legislation that reflect what good businesses are already doing, there are some specific proposals that need amending. Planned changes to dismissal rules, trade union ballot thresholds and zero hours contracts, for example, are some of the critical areas that need to be revisited. “The government must continue its positive approach to engagement with business and remain open to changes. Only then can it ensure this legislation is proportionate, affordable and right for both firms and their employees.”

Nottingham Venues to open Castle Meadow Central following two-year refurbishment

Nottingham Venues has been appointed to operate Castle Meadow Central, the iconic Grade II listed building in Nottingham city centre. The building will reopen in early September following a significant two-year refurbishment and will serve as a new destination for conferences, events and flexible working. It will also be home to a new deli which will be open to the public, offering a range of locally sourced fresh food and 200 Degrees Coffee. Nottingham Venues, which also operates the East Midlands Conference Centre, Orchard Hotel and Bramleys Restaurant, as well as the Jubilee Hotel and Conferences on the University of Nottingham campus, will operate Castle Meadow Central as the city’s newest location for conferences and events. With the capability to host events for up to 300 people Castle Meadow Central will become an integral part of the company’s portfolio of venues across Nottingham. Castle Meadow Central is part of the wider Castle Meadow Campus and is located just a short walk from Nottingham Train station and Castle Wharf on the banks of the Nottingham and Beeston Canal. Originally completed in 1994, Castle Meadow Central is widely regarded as a landmark of 1990s British architecture. Its distinctive tensile fabric roof, supported by four steel masts, remains a defining feature. The building was one of the first in the UK to achieve the highest possible BREEAM rating and was awarded both a Brick Award and a Concrete Society Certificate of Excellence in the 1990s. The building has now been adapted for public and commercial use following a two-year renovation. It will offer a variety of flexible spaces, including five meeting rooms and a large central atrium suitable for conferences and larger events. The ground floor will feature Deli Central, a café open to the public, providing locally sourced food and refreshments in a relaxed setting. The café will also serve the wider business community based at Castle Meadow Campus. Tom Waldron-Lynch, CEO of Nottingham Venues, said: “Castle Meadow Central is one of the region’s most recognisable buildings. For many years it was home to HMRC, and while people in Nottingham have always known the building, very few have had the opportunity to step inside and experience it. “That is now changing. We are delighted to be operating this iconic venue and opening it up for meetings, events and public use for the first time. “Our aim is for Castle Meadow Campus to become a real asset to Nottingham, not just for the businesses based here, but for the wider community. With its unique design, central location and high-quality facilities, we hope it will become a valued part of Nottingham life for years to come.” The opening will also create new local employment opportunities, with Nottingham Venues recruiting staff across hospitality, events and facilities roles.

Asbestos management consultancy raises £3,000 at halfway point of charity challenge

The mammoth fundraising mission of a Northampton-based asbestos management consultancy has already raised more than £3,000 for a trio of charities. In April, Acorn Analytical Services pledged to complete 10 events in six months to raise much-needed cash for local cause Cynthia Spencer Hospice, plus Mesothelioma UK and Muscular Dystrophy UK. Already, after just three months, the dedicated team have completed six fundraising events including the London Moonwalk, the Northampton Dragon Boat Festival and Cynthia Spencer’s annual Northampton Colour Run, as well as a parachute jump and boxing match. Two courageous colleagues, Viviana Pista and Abbie Bruce, from sister company Acorn Safety Services, also abseiled down the Northampton Lift Tower. Collectively, the efforts of the whole Acorn Analytical team have taken their charity collection so far to £3,255 – more than half of their £6,000 target. The final four fundraisers – the Pretty Muddy course, the first ever Acorn coffee morning, the Northampton Half Marathon and a gruelling 100 miles in 24 hours trek attempt – will complete the gargantuan challenge by September. Alongside the 10 charity events, Acorn Analytical have also raised an additional £3,500 for the charities involved with the actual events, for example the Moonwalk also raised £2,000 for Breast Cancer Awareness and the Dragon Boat and boxing events both raised cash for smaller local charities. It is hoped that at the end of the challenge, the team will have raised £10,000 in total, £2,000 of which Acorn Analytical has donated as a company through entry fees. Acorn Analytical Services managing director, Sam Savage said: “It has been an amazing start to our charity challenge. The dedication and enthusiasm of the team has been contagious and to watch them all in their fundraising efforts has been inspiring. “Six events down and four to go and we are more determined than ever to reach that £6,000 target for our three fantastic charities. These causes make such an incredible difference in their vital work and we’re proud to be able to show our support. “If you’re able, please do back our charity campaign as we hurtle towards the finish line.” A Go Fund Me page has been set up to cover all events. All proceeds from the page will go to the three partner charities. Anyone can donate by visiting: https://gofund.me/0ee714e7

East Midlands businesses face new challenges with upcoming changes to employment rights

The government has outlined a timeline for implementing its Employment Rights Bill, which will bring several significant changes to employment law, affecting businesses in the East Midlands. Companies will need to prepare for increased administrative tasks, including updating staff contracts, managing higher costs, and addressing new paperwork requirements.

Starting in April 2026, the Bill will grant workers “day one” rights for paternity and unpaid parental leave. Statutory sick pay will be extended, with the removal of the lower earnings limit. By October 2026, businesses will no longer be able to use “fire and rehire” practices, and employers will be required to take all reasonable steps to prevent sexual harassment in the workplace.

By 2027, additional protections will be introduced for pregnant women and new mothers, including enhanced dismissal protections. Employers will also face new measures to prevent unfair dismissal from the very first day of employment. These changes will require businesses to adjust their practices and ensure compliance with the new legal landscape.

Northampton launches masterplan to revitalise its town centre

West Northamptonshire Council is inviting local residents, businesses, and community groups to help shape the future of Northampton town centre through the draft Northampton Town Centre Masterplan. This initiative aims to provide a long-term vision for the area, focusing on enhancing streets, public spaces, housing, and supporting local businesses.

Building on significant ongoing projects such as the revitalisation of Market Square and plans to redevelop former M&S and BHS stores, the masterplan offers a cohesive approach to guide future investments. The goal is to ensure these developments meet the needs of the community and align with their aspirations.

Key to the plan is a focus on making the town more walkable and better connected, improving the riverside to boost leisure and nature spaces, and restoring heritage buildings to their former glory. The vision also includes creating more housing options in the town centre to foster a vibrant, mixed-use community that supports local shops, promotes pedestrian and cycling access, and increases the area’s overall vibrancy.

To gather community input, the council has launched a dedicated website, northamptonforward.com, where people can review the proposals, explore different ideas, and share their feedback through a brief survey. This initial round of engagement will inform the final version of the masterplan, which will be published later this year, ensuring that future changes reflect the priorities of those who live and work in Northampton.

Another year of revenue growth for Gateley

Professional services group Gateley has seen another year of revenue growth – its tenth consecutive year since IPO – against an unpredictable economic backdrop.

According to audited results for the year ended 30 April 2025 (FY25), the business delivered revenue growth of 4.1%, increasing to £179.5m from £172.5m in the year prior.

Meanwhile, group underlying profit before tax rose to £23.3m from £23m, though reported group profit before tax dropped to £6.4m from £14m.

Rod Waldie, CEO of Gateley, said: “FY25 represents another year of revenue and underlying profit growth for Gateley, set against an unpredictable economic backdrop for much of the year. We are particularly pleased that this growth was driven by the combination of positive returns on our recent investments with an increase in activity levels and active management of cost inflation.

“In-Period highlights include the renewal and increase of our revolving credit facility to £80m. This is primarily to support further investment in our diversified growth strategy and our Employee Benefit Trust in facilitating our equity incentivisation and recirculation strategy.

“We remain ever alert to acquisition opportunities that will add value to our diversified portfolio and build on our successful M&A track record. Despite an increasingly competitive backdrop, we are confident in the quality of our pipeline, the rigour of our selective process and we look forward to updating shareholders in due course.

“Looking forward, the resilience of our diversified model, our strong financial foundations, and our unbroken track-record of revenue growth, underpins our confidence. Our long-term strategy of client-focused investment in people augmented by continued improvements in our internal structure and technology, will ensure the Group is positioned well to deliver profitable growth in FY26 and beyond. Whilst we continue to monitor and adjust in response to the unpredictable environment, the Group is carrying good momentum into the current financial year.”

Burton testing, inspection and certification services provider acquires Scottish firm

Burton-based provider of testing, inspection and certification services, SOCOTEC UK and Ireland has acquired United Kingdom Testing and Certification (UKTC), an independent fire testing laboratory based in East Kilbride.
The acquisition significantly expands SOCOTEC’s capabilities in fire safety and compliance, while reinforcing the company’s growing presence in Scotland, with its second acquisition in the country, following the purchase of Aspect Land & Hydrographic Surveys. Matthew Marriott, CEO of SOCOTEC UK and Ireland, said: “The acquisition of UKTC represents a significant milestone in our growth strategy and commitment to enhancing building safety across the UK. “This marks our second acquisition in Scotland within the last 12 months, demonstrating our intention to continue investing in this important region, as well as developing our capabilities to serve clients throughout the UK and Ireland.” David Brown, director at UKTC, will continue to lead the laboratory operations under SOCOTEC ownership, and added: “Joining forces with SOCOTEC UK and Ireland provides an exciting opportunity to invest and expand our testing provisions and deliver enhanced services to our clients. “Our East Kilbride facility has become the centre of excellence for fire testing in UK, and as part of SOCOTEC, we look forward to building on that legacy while accessing wider resources and expertise.”

Shareholders back takeover of Boots’ parent company

The shareholders of Walgreens Boots Alliance (WBA), parent company of Nottingham health and beauty retailer Boots, have approved the takeover of WBA by private equity firm Sycamore Partners. According to preliminary results, approximately 96% of votes cast at a Special Meeting by all shareholders were voted in favour of the merger agreement proposal. In addition, approximately 95% of the votes cast at the Special Meeting by unaffiliated shareholders were voted in favor of the merger agreement proposal. “We appreciate the consideration and overwhelming support from our shareholders in our value-maximizing transaction with Sycamore,” said Tim Wentworth, CEO of Walgreens Boots Alliance. “With Sycamore’s partnership, we will be better positioned to accelerate our turnaround strategy, further enhance the customer, patient and team member experience and become the first choice for pharmacy, retail and health services. We look forward to closing the transaction and entering this next chapter.” WBA expects to close the transaction in the third or fourth quarter of 2025. The $10bn deal comes after Walgreens had a market value of over $100bn a decade ago. The fate of highstreet staple Boots remains in question, with the Sycamore transaction expected to pave way for considertation of a sale, following WBA’s two previous attempts to offload the business.

Loughborough University part of new collaboration advancing zero carbon aviation with hydrogen

Loughborough University is collaborating with academics from Oxford University, Imperial College London, and King’s College London to develop hydrogen-powered jet engines.

The £9.5m project, backed by the Engineering and Physical Sciences Research Council (EPSRC), aims to transform aviation by achieving net-zero emissions by 2050. The team will tackle critical scientific challenges associated with using cryogenic liquid hydrogen (LH2) as fuel for gas turbines. Hydrogen is seen as pivotal for the future of sustainable aviation because it produces no carbon emissions when combusted, emitting only water. The project’s vision is to replace conventional aviation fuel with hydrogen, thereby making mid-range commercial flights zero carbon. This programme will lay the fundamental scientific groundwork to realise that vision. At Loughborough the work will be led by professor Jon Carrotte and the National Centre for Combustion and Aerothermal Technology. Speaking about the project he said: “The team at NCCAT are delighted to be part of this new ambitious research programme that will build on our existing hydrogen knowledge base. “In collaboration with our partners at Oxford, Imperial, and King’s College we look forward to developing Hydrogen as one of the potential future fuels to decarbonise jet engines that power the aviation sector in the ongoing pursuit to achieve net zero flight.” The programme also benefits from support and collaboration from key industry and international partners, including Rolls-Royce, Airbus, Honeywell, Zeroavia, Boeing, Parker Hannifin and the European Space Agency. The partners will provide direct contributions such as funded studentships, valuable industrial guidance, and critical testing facilities. Across the universities involved, more than 12 studentships are being supported, significantly enhancing training opportunities for future aerospace leaders. The project is being led by the University of Oxford.

Derby developer acquires Looms site

The well-known car breaking site of Albert Looms at Spondon has been acquired by Derby-based developer, Ivygrove Developments Ltd. Ivygrove, who specialise in the provision of small and medium size industrial premises, is rapidly progressing towards conclusion on their latest project at Merlin Park on Osmaston Road, and the Looms site will ensure a continuous supply of Ivygrove units into the Derby market. The new development, to be known as ‘Looms Business Park’, will provide up to 20 industrial premises ranging in size from 2,000 to 20,000 sq ft which will be available in 2026. Nick Blount of Ivygrove said: “We are keen to continue supplying workshop and storage units into the local market and our successes at Merlin Park demonstrate that demand continues unabated for our product. “Employment land for small and medium-sized units is difficult to find, and it seems housing is being prioritised by developers whereby sites are more readily available. We are therefore absolutely delighted to have acquired such a prime site as the former Looms yard, and we cannot wait to start building.” The Looms site was a popular location from the early seventies for hundreds of car owners who required parts for their ageing cars which were not always available at local franchises. John Blount, chairman of Ivygrove, looks back even further: “Looms were responsible for breaking up steam engines and timber goods carriages in the early sixties after Dr Beeching took ‘the axe’ to the railways, closing hundreds of stations in rural England and Wales. “The change from Steam to Diesel also played a major part in the demise of the famous Princess and Jubilee class Steam Engines, together with the workhorse engines many of them built in Derby at the ‘Loco Works’ which is now the home of hundreds of businesses on Pride Park.” Salloway Property Consultants represented Ivygrove in the acquisition of the Looms site and director Stephen Salloway said that it was a competitive process: “Unsurprisingly, such a prime site generated considerable interest and potential buyers were asked to make their best offers in an informal tender procedure. “Ivygrove made a very competitive bid but moreover, they were able to demonstrate an impressive ‘track record’ which provided the sellers with the ‘comfort’ and ‘certainty’ they were seeking. I am grateful to Nick Hosking at Innes England, who represented the sellers, and helped to overcome some of the hurdles encountered during the contract process.” Ivygrove are expecting to submit a detailed planning application before the end of July.

Diversity in business driving success

Leicestershire Business Voice recently hosted an insightful event focused on diversity and inclusion, highlighting its importance for modern businesses. The event, held in collaboration with De Montfort University Leicester (DMU), aimed to demonstrate how creating inclusive workplaces is no longer just a moral choice but a key business strategy.

Business leaders from industries like recruitment, manufacturing, and technology shared their experiences and strategies for fostering diverse and inclusive work environments. The session explored the broader definition of diversity, the obstacles in creating open workplaces, and how language barriers can sometimes hinder progress.

A major takeaway was the importance of organisational culture in driving success. Speakers stressed that business culture should be a priority for leaders, as it shapes company values, employee behaviour, and relationships within the workforce. The event also addressed how diverse teams contribute to innovation, talent attraction, and overall business resilience.

The discussions underscored the value of honest conversations in effecting change and improving business practices. Organisations that prioritise culture and inclusivity are more likely to thrive in the long term, with diversity naturally emerging as a result.

Portman Finance secures £10m funding to boost SME finance options

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Portman Finance Group, a Northampton-based lender, has secured a £10m funding line from Shawbrook’s Speciality Finance team. Founded in 2007, Portman has evolved from a finance brokerage to a direct SME lender, now employing over 100 people. The company has already provided more than £1.5bn in funding to over 20,000 businesses.

This new funding will enable Portman to expand its loan offerings, focusing on larger and longer-term finance solutions for small and medium-sized enterprises (SMEs) in the UK. The funding will support Portman’s strategy to grow its capabilities and assist more SMEs in accessing the finance they need to scale.

With this partnership, Portman aims to strengthen its market position and further contribute to the growth of UK businesses. The funding line is expected to be a key enabler in Portman’s ongoing expansion plans.

£100m pledge for Derby low-carbon energy network

Low-carbon city heat network developer, 1Energy, has pledged £100m of private capital for a city-wide heat network for Derby at an event for the city’s leaders. This move follows the company securing £23m of investment into the project from the UK Government. Developed at no cost to the local community or council, the Derby Energy Network will cut city wide gas demand by around 7 per cent. It will supply the city with low-carbon heating via underground hot water pipes, using water source heat pumps to repurpose surplus heat from local businesses. 1Energy could invest over £140m into the network as it grows. 1Energy pledged its initial investment to the project at an event attended by Derby’s leaders, including Baggy Shanker MP, on the site of the world’s first factory late last week. The event saw the public and private sectors come together to further plans to deliver a more secure future for the city – to bolster energy security and innovation, create skilled jobs and apprenticeships, and future-proof essential infrastructure. Major organisations in the city, including Derby City Council, the Royal Derby and Florence Nightingale Hospitals, the University of Derby and Derby College, are working with 1Energy to advance the network, with plans to begin construction in 2026. The Derby Energy Network will enable the city to bolster energy security, cut costs for businesses and protect against sudden gas-related energy price hikes, with buildings being warmed by low-carbon heat rather than gas boilers. Additionally, some of Britain’s most innovative businesses, such as Rolls-Royce and SmartParc could soon be linked up via the project, extending the city’s leadership in the circular economy. Andrew Wettern, CEO of 1Energy, said: “Derby has long led the world in terms of innovation, from water networks to defence. We are delighted to bring long-term investment to the city and build on its rich industrial heritage, enabling leading businesses to play a key role in delivering a new utility model. “Home to world-renowned innovators, Derby is uniquely placed to lead the transition to a more secure energy future. Alongside transforming the city’s energy infrastructure, the Derby Energy Network will give businesses greater choice and long-term price certainty. All while unlocking economic, health and environmental benefits for the city, the region and the country. We are exciting to continue working with Derby’s trailblazers to develop the network.” As well as helping the UK achieve its energy security goals, the network will play a vital role in reducing air pollution, improving public health. It is projected to save around 20 tonnes of air pollutants that can cause respiratory problems – equivalent to taking 16,000 cars off the road for a year – by cutting pollutants from connected buildings by around 86 per cent. The network also expects to reduce carbon emissions by 19,200 tonnes through slashing emissions from buildings by up to 77 per cent. Baggy Shanker, Member of Parliament for Derby South, said: “The Derby Energy Network represents a huge opportunity for our city to deliver another cutting-edge project, continuing our long-standing leadership on innovation. By combining private capital and public investment, it will bring hundreds of millions of pounds into Derby. I see it playing a key role in boosting economic growth. “It is great to hear the project will also create hundreds of skilled local jobs, including apprenticeships. As a former apprentice myself, I know first-hand how transformative they can be.” Councilor Carmel Swan, Cabinet Member for Climate Change, Transport and Sustainability at Derby City Council, said: “This is brilliant news for our city. 1Energy’s £100m investment in low-carbon heating will mark a transformative step forward for Derby – not only in our mission to tackle climate change by cutting carbon emissions, but also in fostering healthier, more resilient communities. “This initiative will help to keep homes and buildings across Derby warm in a more sustainable way whilst delivering wider benefits, from improving air quality and reducing fuel poverty, to enhancing public health and wellbeing. “This initiative will be a game changer for communities across Derby, and I look forward to working closely with 1Energy to deliver lasting benefits for Derby.” Phil Lovell, COO at SmartParc, said: “At SmartParc, we are pleased to be working with 1Energy Group, to jointly explore opportunities to provide low carbon heat to the Derby Energy Network. Collaboration opportunities offer greater scope to harness the work we’re already doing at SmartParc for the benefit of the wider city. “By harnessing innovative technologies and shared values, we’re contributing to a cleaner, greener Derby while supporting businesses and organisations across the city in their transition to net zero.”

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