Lloyds Living expands portfolio with 610-home acquisition

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Lloyds Living has finalised the purchase of Start Living, a 610-home portfolio created through a joint venture between Gatehouse Living Group and TPG Real Estate. The deal increases Lloyds Living’s total holdings to more than 7,300 properties across the UK.

The portfolio comprises 578 single-family houses and 32 low-rise apartments developed by Countryside and Vistry. Properties are located in key regional markets including West Bromwich, Nottingham, Liverpool, Grimsby, Scunthorpe, and Coseley. The Nottingham apartments are situated in Fairham.

Over 550 of the homes are already completed and operational, while the remaining units at Fairham and Padstow are scheduled for completion by the end of 2025. Each property has an EPC rating of B or higher, reflecting a focus on energy efficiency and modern construction standards.

Matthew Burgess, Chief Investment Officer at Lloyds Living commented: “This new deal is another significant step in our growth journey. The secondary market for PRS portfolios is still in its infancy but is vital to the wider success of the sector by allowing a freer flow of capital and continued investment in new developments.”

The new acquisition supports Lloyds Living’s continued growth in the private rental sector and marks another significant investment in purpose-built housing for long-term renters. Property management will remain under Ascend, one of the UK’s largest operators in the sector.

Gatehouse Living Group has now delivered or is developing around 5,000 homes nationwide, representing over £1 billion in deployed capital across the single-family rental market.

Chesterfield solicitors raise thousands for Blythe House Hospice in Wills Month campaign

Chesterfield solicitors BRM has raised thousands for North Derbyshire’s Blythe House Hospice in their latest Wills Month campaign. The announcement of the campaign’s success coincides with national Hospice Care Week, which runs until 12th October and celebrates hospice care throughout the UK. Run in partnership between the legal firm and the hospice, Wills Month saw BRM’s professional will writing services offered in exchange for a voluntary donation to Blythe House. The initiative raised £7,400 for services supporting those affected by cancer and other life-limiting illnesses across the High Peak, Hope Valley, Derbyshire Dales, Chesterfield and North-East Derbyshire. Since the start of the partnership in 2017, the annual Wills Month campaigns have raised almost £76,000 to help fund the hospice’s vital services. BRM executive directors Rob Woodhead and Paul Berresford lead the Blythe House Hospice Wills Month campaign from the firm’s Chesterfield office. Rob said: “We are incredibly grateful to everyone who supported our annual Wills Month for Blythe House Hospice – helping us to raise an amazing amount of money for their important work. “We are proud to have raised almost £76,000 since the start of our partnership in 2017, in addition to sponsoring the Blythe House Hospice Chatsworth 10K, which took place at the end of September. “It is a privilege to support Blythe House each year and, as a local business, we know many families affected by cancer in our community who have benefitted from their services, including home care, therapies, counselling, and more. “We also want to take this opportunity to raise awareness and celebrate their important work, alongside the work of all hospices throughout the UK, as part of national Hospice Care Week.” Shane O’Reilly, CEO at Blythe House Hospice, said: “We are sincerely thankful to BRM for their incredible support and the staggering amount raised through Wills Month. “This partnership makes a real difference to the lives of local patients and their families: seven in every 10 of our patients receive care because of support from our local community, including BRM. “The money raised will help to fund vital services such as specialist hospice care in the comfort of patients’ homes, counselling, and bereavement support.”

Italian manufacturer invests in new Derbyshire facility

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Italian building materials firm Fassa Bortolo will open a major production site at New Stanton Park near Ilkeston, creating around 100 jobs in Derbyshire. The plant will manufacture approximately 300,000 tonnes of pre-mixed plasters and renders each year, marking a significant expansion of the company’s UK operations.

The new facility will include 30,000 square feet of office space, a Fassa Academy training centre, and 140,000 square feet of warehousing. It forms part of a €400 million investment programme across Fassa Bortolo’s international network of 21 production sites and nine commercial branches.

Fassa Bortolo, which has operated a UK commercial office in Gloucestershire for a decade, is strengthening its presence in response to increasing demand for construction materials. Recruitment will focus on local hires in production, logistics, engineering, and quality control, with an emphasis on sustainability and advanced manufacturing.

The New Stanton Park site, located close to the M1 and with access to the Midland Mainline, is undergoing redevelopment to support up to 4,000 jobs and 2.2 million square feet of industrial space. Fassa Bortolo’s investment represents one of the first large-scale manufacturing commitments at the site, signalling renewed confidence in the region’s industrial capacity.

Company president Bortolo Fassa said: “We are extremely pleased to announce our new headquarters in the East Midlands. This investment in New Stanton Park is a strategic choice, dictated by growing demand for our high-quality solutions across the UK and our strong belief in the continued growth of the UK construction market. “By expanding our specific product lines, we aim to bring our expertise closer to our customers and significantly strengthen our distribution network.” New Stanton Park is being redeveloped by Verdant Regeneration. David Ward, of Verdant, said: “Fassa Bortolo is an historic name in the construction materials industry and its decision to invest here at New Stanton Park speaks volumes about its status as one of the best locations for manufacturing. “We look forward to working with the Fassa team as their proposals develop and to seeing manufacturing return to an historic industrial location.”

Work starts on new bungalow development in Wingerworth

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Construction is now underway on a development of 17 bungalows in Wingerworth. Designed for people aged 55 and over, the homes are being delivered by Chesterfield-based housebuilder Stancliffe Homes. The development, named Kingswood Park, will feature five styles of two- and three-bedroom bungalows, with each home built to high energy-efficiency standards. Lynne Siddons, sales manager at Kingswood Park, said: “We’ve already had so many enquiries about when these new homes will be available to the market. Given the strong demand for our high-quality new build homes in the locality, we’re expecting these further homes to be hugely popular.” The homes at Kingswood Park are designed to support independent living while reducing environmental impact. Each bungalow will include air source heat pumps, underfloor heating, solar panels, EV charging points and other energy-efficient features.

Nearly 500 new jobs to be created in East Midlands following Prime Minister’s trip to India

Nearly 500 new jobs are set to be created in the East Midlands following a raft of new deals secured by the Prime Minister during his visit to India this week. Indian investors have confirmed their confidence in the East Midlands as a business destination by collectively investing into some of Britain’s most thriving businesses. This includes digital transformation company Delaplex, which plans to invest up to £5 million over the next three years in the UK, creating 100 new jobs in the East Midlands, and company Carysil, which specialises in building luxury kitchens, investing £24 million across the UK, creating 43 jobs in the region. Business and Trade Secretary Peter Kyle said: “India is now the fourth-biggest economy in the world, and by investing billions of pounds to back thousands of jobs from sectors as diverse as AI, education, and financial services shows the scale of opportunity this presents for businesses in the East Midlands. “Their success in India will only grow as our new trade deal galvanises economic partnership, brings our two countries even closer together, and ultimately delivers economic growth right across the East Midlands.” Elsewhere financial services firm Muthoot Finance will invest £100 million to expand its branch network to 20 locations across the UK, creating 20 new jobs in the East Midlands. India is already the UK’s second largest investor and more than 1,000 Indian companies operate in the UK, supporting millions of UK jobs.

Devello on the move as East Midlands property and planning law firm expands

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Property and planning law firm and strategic planning advisors Devello Group has expanded to larger premises, taking space at Wellington House in Nottingham. The practice has also recruited Charlotte Denny as a paralegal and Michelle Christian as real estate executive, taking the team to seven. Set up by friends and former colleagues Shruti Trivedi and Iain Hibbert 18 months ago, Devello has experienced high demand for its unique approach to property and planning law since its inception, and having now built a team, the company had outgrown its previous location. Wellington House, on Wellington Circus, is in the professional quarter of Nottingham and is owned and managed by work space provider Charterspace. The move marks a new chapter for Devello as Wellington House provides a more contemporary and flexible work environment with room for the future growth of the practice. CEO of Devello, Iain, said: “I’d firstly like to welcome Charlotte and Michelle to the team – they join at a great time as we move office. Wellington House is a beautiful period property that offers the facilities we now require as our business moves forward. With a sleek internal fit out, flexible work spaces and prominent location in the heart of the business community, it’s the ideal location for us. “From our new address we want to continue to build on our reputation and to deliver great results for our clients, which Charlotte and Michelle will be part of. We set out to create measured, organic growth that is built from the results we strive for. Thanks to Jas at Charterspace for his assistance on this move.” Managing director of Devello, Shruti, said: “This is a fantastic step for our team as we continue on our journey, with our ethos remaining to put the client first through accessibility, responsiveness and diligence. As part of our growth strategy, we’re building our practice to provide our clients the best possible service and our new location is part of that strategy. “I’d like to thank our team for their commitment and energy, and our supportive clients and wider industry contacts, and of course welcome Charlotte and Michelle who are already real assets to our team.” Devello offers high-level strategic advisory to developers, landowners, promoters, investors and others in the planning and development sectors. Jas Landa, director of Charterspace, said: “We’re thrilled to welcome Devello to Wellington House, our latest office space. This beautifully renovated period property blends historic charm with modern functionality. Situated in the heart of Nottingham’s prestigious professional quarter, it offers an ideal setting for ambitious businesses like Devello to thrive. “Shruti and Iain have built something truly special. Their reputation for delivering sharp, strategic advice with a refreshingly client-focused approach is clear to see. We’re proud to support their next chapter and excited to have such a dynamic and forward-thinking team as part of our growing community.” As well as growing their team and portfolio, the co-founders are committed to supporting good causes in the communities it operates in. Since the company began, Shruti has become a Trustee of Nottingham young people’s charity Base 51 and been appointed as Governor at Boston College. The team also mentor women through the Women in Planning Network. Devello is actively recruiting property legal professional of all levels to the team.

Rolls-Royce SMR reports £115m loss amid expansion and increased government funding

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Rolls-Royce’s small modular reactor (SMR) division posted a £115 million loss in 2024, widening from the previous year’s £78 million shortfall. The subsidiary, which is still pre-revenue, reported a rise in government grant income from £65.4 million to £86.9 million, according to recent Companies House filings.

The division continued to grow its workforce, increasing headcount from 590 to 714 employees during the period. Rolls-Royce has previously indicated that the SMR business is expected to move towards profitability and positive free cash flow by the end of the decade.

The ongoing investment reflects the company’s strategic commitment to developing small modular reactor technology as part of the UK’s long-term clean energy ambitions.

Actons makes director promotion

Actons, the independent law firm in Nottingham, has promoted Alastair Rose in its corporate & commercial team to director. Alastair joined the firm’s corporate & commercial team in 2019 and stepped up as an associate in January 2023. His progression from newly qualified solicitor to director in just six years reflects his legal expertise, commercial insight, and leadership qualities. Beyond his legal work, Alastair has been instrumental in driving innovation within the team and wider firm, championing new technologies and improving internal processes. He is also a committed mentor and training supervisor. Peter Flowerday, director & head of corporate & commercial at Actons, said: “I’m delighted to see Alastair become a Director with the firm. Since joining us, he has been an integral part of the Corporate and Commercial team, consistently delivering excellent results. I look forward to seeing his continued impact on the firm’s ongoing success.” Simon Dakin, chairman at Actons, added: “Alastair’s promotion is thoroughly deserved, and I’m delighted to formally welcome him to the partnership. He brings energy, clarity and commerciality to everything he does. His ability to build strong relationships, both internally and externally, has made a real impact. I’m excited to see him continue to shape the future of our team and the firm.”

Fundraising appeal launched to complete transformation of Nottingham lace factory into homes for rough sleepers

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A charity is launching a fundraising appeal on World Homeless Day (10 October) to complete the transformation of a former Nottingham lace factory into high quality homes for some of the city’s most vulnerable rough sleepers. Since April 2021, Framework has raised nearly £3 million through its Building Better Futures campaign to build 200 homes in the East Midlands. It has seen hundreds of lives transformed over the last four years, with people given their own front door and a safe place to call home. 197 new homes have been opened by Framework to date with the help of Building Better Futures providing safe, stable accommodation for people experiencing homelessness with the most complex needs. Now the charity is launching its Homeless to Home campaign to raise more than £180,000 this winter to complete the development of 20 high-quality, self-contained homes in Basford. Construction is about to begin on the new Lee House supported housing accommodation. It will become home to some of the most vulnerable men in Nottingham along with round the clock support to help them move towards a better future. Framework’s brand-new supported housing developments give people in urgent need of safety and consistency a place to rebuild their lives, and a home of their own with their own front door. Unlike the challenges of a traditional hostel, these are self-contained homes with bespoke support for each person to help them address complex challenges. Claire Eden, Framework head of fundraising and communications, said: “We have been developing modern, purpose-built homes for people experiencing homelessness locally for a number of years now and we have evidence that proves this approach is highly effective. “That’s why we have an urgent need to raise over £180,000 this winter, to fill the gap in funding for our latest development in Nottingham – Lee House – which will provide secure, self-contained homes for 20 men facing homelessness right now. “Supporting men in this way is hugely important. Shame and stigma often contribute to men suffering in silence. Many struggle alone. By the time they access our services, most men have been rough sleeping for months, sometimes years. They are entrenched in the lifestyle and carry an enormous backlog of trauma. “With the proper housing and support, men can and do recover from homelessness. We want to provide a home where they can find stability, receive wrap-around support for their mental health needs and substance use issues, and find their confidence again.” Jack, a Framework resident, said: “This is the way to end homelessness – it’s extremely important to have your own front door. Beyond that, I’ve mostly got to thank my Support Worker for where I am now.” Sarah, a Framework resident, said: “Now I’ve got my own flat, my favourite thing is to put music on. It’s given me my identity back and reminded me who I am.” The Single Homelessness Accommodation Programme (SHAP), a funding programme from central government, is the principal funder for the Lee House development.

Summit to spotlight how Chesterfield’s ongoing regeneration is driving inclusive growth across the region

How Chesterfield’s ongoing regeneration is unlocking significant investment opportunities and driving inclusive growth across the region will be shared with business owners at the Chesterfield Investment Summit on Wednesday 5 November at the Casa Hotel. The event will provide an in-depth update on the transformative projects shaping the town’s future. It will highlight how regeneration is creating new opportunities for local people, businesses, and investors. Claire Ward, mayor of the East Midlands, will address the summit, sharing her vision and priorities for the East Midlands. Claire Ward said: “Chesterfield is part of our region’s ambitions for inclusive growth. By working together, we can ensure that investment benefits every community, creating new opportunities and a brighter future for all. I look forward to engaging with local businesses and partners at the summit.” Andrew Byrne, development director for the Devonshire Group and chair of Destination Chesterfield, will discuss what inclusive growth means to the Devonshire Group and how this is being delivered across their sites in the borough. Andrew Byrne said: “Inclusive growth is about ensuring that everyone in Chesterfield can share in the benefits of regeneration. At Devonshire Group, we are committed to creating places that support local jobs, skills, and communities. The summit is a fantastic opportunity to showcase the progress being made and to invite more partners to join us on this journey.” A key feature of this year’s summit will be a panel discussion focusing on the East Midlands Investment Zone site in Staveley. The session will explore the unique opportunities and benefits the Investment Zone brings to the borough, including its potential to attract new businesses, create skilled jobs, and drive sustainable economic growth. Simon White from Tawnywood will join a panel to share insights on how the Investment Zone is supporting business expansion and innovation in Chesterfield. Organised by Destination Chesterfield in association with the Devonshire Group and Tawnywood, the event will showcase major regeneration projects across the borough. Dr Huw Bowen, CEO at Chesterfield Borough Council, will provide updates on the £2 billion of regeneration projects across the borough. There will also be a focus on activity in Chesterfield town centre. This includes an update from Dominic Staniforth, chair of Chesterfield Town Board, and insights from Amy Revell, co-founder of We Are Spaces, a commercial interior firm, which is refurbishing an office space in the town centre. Cllr Tricia Gilby, leader of Chesterfield Borough Council and vice-chair of Destination Chesterfield, added: “The Investment Summit is a fantastic opportunity to spread the word about all the incredible things happening in Chesterfield. I look forward to welcoming local businesses and investors to the summit and discussing with them how they can play a key role in Chesterfield’s future.”

Welcome Break signs long-term deal to upgrade motorway services

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Welcome Break has agreed a 75-year extension with the Department for Transport and National Highways to continue operating eight key motorway service areas across England.

The agreement secures the company’s presence at Newport Pagnell, Corley, Woodall, Birchanger, Warwick, Membury, Keele, and Leicester Forest East — locations that collectively employ about 2,000 people.

Under the terms, Welcome Break will invest further in modernising its facilities and expanding its electric vehicle charging capacity. More than 1,000 chargers are expected to be available across its network by 2026, with Leicester Forest East set to receive ultra-rapid chargers for the first time.

The lease renewal forms part of a £400 million investment programme over five years aimed at improving food, retail, and rest amenities across its 60 service areas and 31 hotels.

National Highways said the agreement supports its wider plan to manage public assets sustainably and prepare for higher EV adoption. The deal also provides long-term certainty for roadside businesses that rely on consistent footfall from Britain’s motorway network.

Newmark and Freeths advised Welcome Break. CBRE and Eversheds Sutherland represented the Department for Transport and National Highways.

Planning approval granted for Leicester’s Corah Works redevelopment

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Galliford Try Investments has secured planning permission for a major regeneration project at the historic Corah Works site in Leicester. The development, submitted in partnership with Cityregen Leicester, will transform the former factory complex into a mixed-use urban community featuring around 1,000 homes.

The project will retain and restore key heritage elements, including the 1865 Old Textile Building façade and two landmark chimneys, which will be integrated into the new design. Plans also include new public spaces designed to improve connections between Leicester city centre and Abbey Park.

Beyond housing, the approved scheme may incorporate commercial units and a hotel, broadening its role as a catalyst for economic activity in the area. The project marks a significant milestone in the ongoing regeneration of Leicester’s urban core, bringing a long-vacant industrial site back into productive use while preserving its historic character.

Phil Harris, Managing Director for Galliford Try Investments, said: “We are delighted with this decision, which comes after extensive work with the community and council over a number of years. This is a once-in-a-generation opportunity to transform a landmark site, create much-needed new homes and public spaces, and support Leicester’s future growth. By respecting Corah’s heritage while delivering modern, sustainable development, the scheme will bring pride back to this historic part of the city.”

Decision deferred on 3,500-home Grimsby West Masterplan

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A decision on the masterplan for the proposed ‘Grimsby West’ development site has been deferred at a North East Lincolnshire Council Cabinet meeting. Cabinet members voted not to approve the Masterplan straight away, instead deferring any decision until points raised at a recent scrutiny panel are answered by the private developers behind the scheme. The Grimsby West proposal includes 3,500 new homes set around a country park with open space, a link road and new schools, stretching from the A46 to the west of Morrisons through to the A1136 west of Wybers Wood. The site is allocated in the Local Plan 2013 to 2032 (Adopted 2018) as a Strategic Housing Site under Policy 14. This policy within the Local Plan requires a Masterplan for the Grimsby West site to be submitted to the Council before planning applications for development on the site are determined. Now complete and published, the Grimsby West Masterplan was initially discussed by members of North East Lincolnshire Council’s Transport, Infrastructure and Strategic Housing Scrutiny Panel. Councillors on the Panel voiced concern in three areas: flood risk and waterflow and pollution into the River Freshney, the need for the completion of a Traffic Assessment, and the need for more graphic detail on the Freshney Valley Country Park. Those concerns and comments were then considered by Cabinet members, who went against a report paper recommendation to approve the Masterplan. The developers, Harworth Group and M.F. Stawson Ltd, will now be asked to amend the Masterplan. Following the Cabinet vote and decision, the Portfolio Holder for Housing, Infrastructure and Transport, Cllr Stewart Swinburn, said: “As a council we must ensure we take the appropriate and correct advice and follow all the necessary and statutory steps to consider plans of this nature and that is what we are doing and will continue to do.”

Intercede “confident” as momentum builds

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Intercede, the Leicestershire-based cybersecurity software company, is remaining “confident” despite a slip in revenues, as momentum builds.

In a trading update for the six months ending 30 September 2025 (H1 FY26), the group shared that it expects revenues to be approximately £8.21m, representing a year-on-year decrease of 3.9% or a decrease of 4.2% on a constant currency basis.

Elements of the firm’s revenue, however, “showed encouraging growth, underlying the quality of the business being won and the positive momentum that the Group has generated in broadening its client base.”

Reported revenues includes licence revenue which increased by 65.5% to £1.44m and comprises perpetual licence income of £1.08m (up 63.6% from H1 FY25) and subscription licence income of £0.36m (up 71.4%). The growth in subscription licence income is a key strategic focus, as the group looks to transition towards a more subscription-based revenue model.

The period saw the business experience temporary delays in some contract awards, primarily attributable to the US federal market. These delays, combined with adverse exchange rate movements and changes in revenue mix, have particularly affected reported US dollar revenues in the second quarter of the period.

Notwithstanding these delays, Intercede still saw good progress in contract and renewal orders in Q2, totalling $3.2m. 

Klaas van der Leest, CEO, said: “The Group continues to build momentum through a geo-diversified pipeline, and the breadth of our new contract orders is a clear reflection of that progress. The Group enters H2 FY26 with momentum and a growing revenue backlog for FY27 and beyond.

“As we move into the second half of the year, the Group remains focused on converting pipeline opportunities. Given the underlying momentum being seen by the Group, the Board remains confident in the Group’s short, medium and long-term growth trajectory and maintains that full-year financial performance will be in line with current market expectations.”

£150,000 programme to boost cyber resilience of East Midlands businesses

Applications are now open for a £150,000 programme offering practical support to boost the cyber resilience of regional businesses. East Midlands CyberGrowth is offering businesses fully-funded, practical support to improve how they manage cyber risk, train staff, and futureproof their operations. Led by Dr Ismini Vasileiou, founder and director of the East Midlands Cyber Security Cluster and Associate Professor at De Montfort University Leicester (DMU), East Midlands CyberGrowth arrives at a critical time. Recent high-profile hacks on high street brands have combined with the UK Government making cyber security a central thread of its industrial planning. East Midlands CyberGrowth is itself funded through the Cyber Local scheme, part of the Government’s Plan for Change work to kickstart economic growth and ensure good jobs, skills and growth nationwide. As such, East Midlands CyberGrowth’s overarching aim is to make cyber resilience a core part of how organisations think, operate and grow. Dr Vasileiou said: “The recent wave of high profile cyber attacks on UK businesses shows that even large companies can fall victim to hackers. East Midlands CyberGrowth will help local businesses reduce risk of becoming the next casualty. “Courses are designed to meet businesses where they are – regardless of whether they have an existing cyber security plan. We can help SMEs and nonprofits increase resilience and embed cyber security in their operations.” The fully-funded, in-person East Midlands CyberGrowth programme will help 30 regional SMEs boost their digital resilience. The programme will also organise the East Midlands Cyber Resilience Summit which will see 100+ business come together with leading speakers and delegates for a day-long cyber security conference hosted at De Montfort University Leicester in February 2026.

Motorpoint reports “strong market outperformance”

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Motorpoint Group, the Derby-based independent omnichannel vehicle retailer, has reported “strong market outperformance” in a trading update for the six months ended 30 September 2025 (H1 FY26). The business saw retail volume growth of 8.9%, compared with H1 FY25. Meanwhile, total revenue increased 15% to £648m. Profit before taxation is expected to be £3.6m, up 80%. Mark Carpenter, CEO, Motorpoint Group PLC, said: “I am pleased to report that the Group has delivered strong volume growth and significantly outperformed the wider market in the first half of FY26, building upon the improvements achieved last year. “Data is increasingly fundamental to our business, supporting buying and pricing decisions, underpinning strong metal margins, and enabling us to sell more vehicles through market leading pricing and customer interaction. Providing our customers with a seamless experience has continued to drive our performance and our Net Promoter Score in the first half improved to 83. “Although economic uncertainty remains, I am confident that our omnichannel business model and exciting strategic plans stand us in good stead going forward as we pursue expanded supply channels, new store openings, improved online and store channel integration, along with data and AI to drive further efficiency and improved customer experiences. “We are well placed to take full advantage of the opportunities that exist in our market to build long term value.”

Francis Jackson Homes expands footprint at Corby’s Priors Hall Park

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Work has begun on the next stage of Corby’s Priors Hall Park, as Francis Jackson Homes returns to the 907-acre site with a new 52-home project. The scheme forms part of Urban&Civic’s long-term masterplan to create more than 5,300 properties supported by education, retail, and community infrastructure.

The latest build continues the developer’s partnership with Urban&Civic after strong sales in previous phases. Construction is now underway, with completion of the first homes expected in mid-2026. The mix of two- to five-bedroom houses will feature energy-saving technologies such as air source heat pumps, underfloor heating, and EV charging points — features increasingly standard in modern residential builds as energy regulations tighten.

Priors Hall Park has been positioned as one of the Midlands’ most ambitious mixed-use communities, already home to schools, shops, play areas, and an outdoor amphitheatre. The ongoing expansion signals continued confidence in the Corby housing market and reinforces the site’s role as a regional growth hub attracting both private buyers and investment interest.

East Midlands sees surge in new business registrations

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New company formations in the East Midlands reached their highest level since March, signaling renewed entrepreneurial activity amid broader economic uncertainty.

According to data from Creditsafe compiled by R3 Midlands, 2,566 new businesses were registered in September, marking a 20% increase on the same month last year. The figures suggest growing confidence among business founders and investors across the region.

Insolvency activity also eased during the period, with fewer company failures, administrations, and creditor meetings recorded compared with previous months.

While the increase in start-ups points to optimism, underlying challenges remain. The construction sector continues to face a slowdown, particularly in housebuilding and smaller contracting projects, which are sensitive to shifts in demand. Retail and hospitality firms are under pressure from high labour costs and weaker consumer confidence.

Labour market indicators show rising unemployment and a decline in job vacancies, reflecting wider economic caution. Industry observers note that while new business growth is positive, firms must continue to monitor cash flow and plan strategically to navigate potential headwinds through the remainder of the year.

Pall-Ex gets go-ahead for £80m national HQ

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Logistics network Pall-Ex and commercial property developer and investor Barberry have been given the go-ahead for the construction of a state-of-the-art freight distribution hub in Leicestershire. Pall-Ex’s new Centre of Excellence – the largest build-to-suit pre-let deal in the UK this year – will cover 408,000 sq ft, with an additional 100,000 sq ft of canopy space, on a 14.2-hectare site. The £80 million facility will serve as the flagship logistics hub for the network and will house Pall-Ex’s UK and European headquarters. The Centre of Excellence has been designed with sustainability at its core, aiming for EPC A+ and BREEAM Excellent accreditation. The new hub incorporates a variety of energy-efficient and eco-friendly features, including electric vehicle charging stations, solar panels and designated green spaces. Jonathan Robinson, Barberry Development director, said: “We are thrilled to announce that, having earlier this year secured a pre-let agreement with Pall-Ex to deliver the company’s new national Centre of Excellence in Leicestershire, we have now achieved planning consent. “Our development is key to the region and will create around 500 construction jobs and an estimated 534 permanent jobs, business rates for the local authority and economic growth for local businesses and the community. “Working closely with Pall-Ex, we will create a new national palletised freight distribution centre that will deliver new ESG credentials, carbon net zero in occupation, staff welfare recreation zone incorporating football pitch, basketball court, club house, helping attract and retain staff while providing Pall-Ex with the operational excellence that will make the business stand out amongst its UK competitors. “I would like to thank Hinckley and Bosworth Borough Council for their key engagement with this process and indeed their exemplary service and support for our scheme.” Kevin Buchanan, Pall-Ex Group chief executive officer, said: “Our new, multi-million-pound, cutting-edge Centre of Excellence isn’t just about expansion and growth – it’s about redefining the industry through technology, quality, and state-of-the-art infrastructure. As a market leader, we are immensely proud to unveil plans for premises that will be A+ rated, carbon-neutral, and built for the future. “This investment signals a massive opportunity for our stakeholders, reinforcing Pall-Ex’s position at the forefront of operational excellence. We are once again leading the way and shaping the future of palletised freight distribution through innovation, people, technology and sustainability.” Harris Lamb undertook the land search on behalf of Pall-Ex, identifying the subject site and undertaking the planning negotiations. Sam Silcocks, of Harris Lamb’s Planning Consultancy, secured permission for the scheme, and Paul Wells, of Harris Lamb’s Building Consultancy team, oversaw the development of the site design concept through to the preapp planning stage, and has been instructed to oversee the project and ensure it meets all operational requirements. Andy Lamb, director, Harris Lamb, said: “It is incredibly rewarding to see so many years effort pay off in bringing forward a project of this scale, and we are thrilled to have reached the point where work can commence. We are looking forward to watching the progress of the development as it unfolds.”

IMA Architects appointed to £175m Fusion21 Construction Consultancy Services Framework

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IMA Architects has been appointed to Fusion21’s Construction Consultancy Services Framework, a national framework with a projected value of £175 million over four years. The framework will provide specialist construction-related consultancy services to public sector organisations across the UK and will support projects of any scale, including those of complexity and high value. Fusion21 is a social enterprise and national procurement organisation that supports more than 1,100 members including housing associations, local authorities, schools, NHS Trusts, and emergency services. Its frameworks are designed to help members procure services efficiently while ensuring quality, compliance, and social value are built into every project. The Construction Consultancy Services Framework brings together leading consultancies across a wide range of disciplines including architecture, surveying, project management, and engineering. IMA Architects has been selected for its specialist expertise in Building Information Modelling (BIM). BIM is increasingly recognised as a vital part of modern construction, allowing the design and construction team to create a shared digital model of a building. This enables better collaboration, reduces clashes during construction, improves cost certainty, and supports long-term facilities management. IMA has invested heavily in BIM capability and now embeds it across the design and delivery of projects to improve outcomes for clients. Through its appointment to Fusion21, IMA will have the opportunity to deliver its expertise to a wide range of public sector organisations nationwide. Joe Travers, director and BIM manager at IMA Architects, said: “Being appointed to Fusion21’s Construction Consultancy Services Framework is an important milestone for our team. It highlights the strength of our BIM capability and the value it brings to clients. Digital design is transforming the way projects are delivered and we are excited to work with Fusion 21 members to help them deliver construction projects across the UK.” Tania Silva, framework manager at Fusion21, said: “We are delighted to welcome all the new suppliers onto Fusion21’s Construction Consultancy Services Framework, including IMA Architects. The tender process was highly competitive and has identified the best suppliers for our members to source construction-related consultancy services for the built environment. “Members accessing this framework will work with a team of technical procurement experts whilst benefiting from procurement efficiencies, value for money, and a fast route to market.”