Councils get powers to tackle the scourge of empty shops with ‘right to rent’ scheme

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High streets could be revitalised as the government hands councils new powers to tackle the scourge of empty shops. From this week local authorities will be able to auction off leases for commercial properties that have been empty for long periods, helping bring business back to the high street and drive growth across the country. High Street Rental Auctions will create a ‘right to rent’ for businesses and community groups, giving them access to city, town and village centre sites. The changes will stop disengaged landlords sitting on empty lots for more than 365 days in a 24-month period, before councils can auction a one-to-five year lease. With growth a key mission for the government, it is committing over £1m in funding to support the auction process, which will create jobs for local people and boost trade by bringing local businesses back to the heart of our communities. Local Growth Minister Alex Norris said: “High streets lie at the heart of communities the length and breadth of this country. But in many areas, they are not what they used to be. “Small businesses need our support and that’s why we are creating a ‘right to rent’ so that high street lots that have been left empty for far too long can be brought back to life. We want shops and shoppers back on the high street – and that’s what these changes will help to bring.”

Let’s hear it for the girls: Derby-based finance organisation partners with UK Export Finance

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UK Export Finance and Derby-based Female Founder Finance are working together to help more women-owned businesses get export finance support to help grow their business and compete on the international stage. Female Founder Finance, launched in June last year, has handed £115m in funding to women who have founded their own businesses and who have been disadvantaged when seeking access to finance. The partnership between UKEF and Female Founder Finance will streamline the process for referring eligible businesses into one another’s financing programmes, therefore reducing missed opportunities for women owners. For example, Female Founder Finance can introduce their clients to UKEF’s short-term products for small exporters, including capital guarantees, bond support guarantees and export insurance policies. In turn, UKEF can refer female clients to Female Founder Finance where appropriate. According to the Rose Review, only six percent of UK women run their own businesses, compared to around 15% of women in Canada, almost 11% of women in the USA, and over nine percent of women in Australia and the Netherlands. The report also estimates £250 billion could be added to the UK economy if women matched men in receiving business investment. Tim Reid, CEO of UK Export Finance, said: “Supporting small businesses is a priority at UKEF. Each year we support a large number of small businesses. Just last year, 88% of businesses to which we provided a loan, guarantee or insurance were small or medium-sized businesses.  By partnering up with Female Founder Finance we will reach out to more women-owned businesses, providing financing to support them to increase their exporting capacity. Roxanne Goodman, Founder of Female Founder Finance, which operates from Pride Park in the city, said: “By working in partnership with UK Export Finance we can equip women-led businesses with the knowledge and funding they need, and empowering them to reach new international markets, fuelling growth and innovation through export finance, and adding back to the growth of the UK. Together, we can open doors to new markets, drive innovation, and ensure that the voice of women entrepreneurs resonates worldwide.”

Workspace transformation for Promethean Particles

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Derby-based design, refurbishment and fit-out experts, DSP (Interiors) Ltd, have completed a significant transformation project for Promethean Particles, a chemical manufacturing company headquartered in Nottingham. This project transformed a mezzanine floor, previously only used for storage, into a functional and efficient workspace. Promethean Particles Ltd, renowned for its innovative approach to chemical manufacturing, wanted to upgrade its workspace to support its growing team and operations. The project involved a comprehensive reconfiguration of the mezzanine area, starting with the installation of fire-rated partitions to define the office layout and ensure compliance with safety standards. To improve access and functionality, the existing staircase was removed and reconstructed, seamlessly integrating it into the new design. Advanced mechanical and electrical systems were implemented to provide optimal lighting, ventilation, air conditioning and connectivity throughout the space, while the addition of a ceiling grid with quilt insulation enhanced both acoustic performance and temperature control. The transformation was completed with the specification and installation of ergonomic furniture, chosen to complement the modern design and create a workspace that enhances productivity. Darren Ward, director at DSP (Interiors) Ltd, said: “We are thrilled to have partnered with Promethean Particles on this exciting project. Our team worked closely with their vision to create a tailored workspace that enhances their operations whilst reflecting their innovative approach. “This project reinforces our commitment to delivering high-quality, innovative solutions tailored to our clients’ individual needs. We wish the team at Promethean Particles the best in their new space.” James Stephenson, chief executive officer of Promethean Particles, added: “The DSP team have done a brilliant job! We’re thrilled with the transformation of our mezzanine space – it’s modern, practical and perfectly aligned with our needs.”

CWA welcomes new Account Director as latest strategic appointment

Leicester-based B2M full-service agency, CWA, has appointed Dan Holdsworth as Account Director within its Account Management team. Holdsworth brings a wealth of experience from a career that spans digital marketing, brand communications, and client-side leadership roles. His background includes working as Digital Marketing Manager for Derby County Football Club, two years as an Account Director at Linney Create, and serving as Head of Marketing at RST Moto. Most recently, Holdsworth was Brand Communications Manager at TravisMathew (Callaway Golf), where he managed major brand and product campaigns across multiple markets. The appointment of Holdsworth is the latest step in a period of strategic growth for the long-established international agency. This year CWA has bolstered its team with high-profile appointments across key areas, including David Leatham, at the beginning of the year, as Media and Communications Director, followed by Sam Ard as Media and Communications Manager, Mariam Malik as Media and Communications Executive, Tracey Whiskens as SEO Lead, Carl Perkins as Business Development Director, and Adam Spencer as Junior Artworker. Nicola Adams, Managing Director at CWA, said: “This year has been a transformative one for CWA, as we continue to build a team of outstanding professionals who strengthen our capabilities and enhance the agency services we offer. I’m really pleased with all of the appointments we’ve made during 2024. “We’re on track for very big 2025. Dan’s appointment is an important part of that journey… His diverse experience and strong track record in managing campaigns and building brand presence are a perfect fit for CWA and our ambitions as an agency. He’s settled in brilliantly already and I’m excited to have him onboard.” Holdsworth said: “I loved the background and long established history of CWA, but I was equally impressed by the strategic vision for the future outlined by Nicola. It’s exciting to join the agency at such an exciting time and I’m already enjoying the experience, including reaching out to my connections across many different sectors.”

Nottingham Energy Institute in £5m collaboration to scale climate start-ups

The University of Nottingham is set to be part of a new collaborative network, dedicated to enhancing and developing business support and technical ecosystems focused on climate start-ups.
The UK is set to receive a serious boost in its fight against climate change with the launch of the Climate Scaling Collaborative, a pioneering initiative to support IP-rich start-ups and spin-outs with links to universities, working on solutions for climate mitigation and adaptation. The Climate Scaling Collaborative will provide robust support to 60 businesses, helping them develop from initial funding to commercial deployment. Covering multiple industries, these businesses will be sourced from across the UK university ecosystem with the support of a wide network of partner organisations. Backed by £5m from the Research England Development Fund, the Collaborative unites UK universities Imperial, Cranfield University, the University of Derby, the University of Exeter, the University of Leeds and the University of Nottingham to provide the critical support required by deep tech climate innovators in the scale-up phase. The funding was announced by Professor Dame Jessica Corner, Executive Chair of Research England at an event hosted by TenU celebrating a year since the launch of the government’s review of university spinouts. The Collaborative will create a regional hub at each partner university, enhancing and developing business support and technical ecosystems focused on climate start-ups. These hubs will build local relationships and specific expertise on potential clients, partners or collaborators, turbocharging the journey from start-up to scale-up. Through the Collaborative, these local hubs will form an interlinked network across the UK. Professor David Grant, Director of the University of Nottingham Energy Institute, said: “This new Climate Scaling Collaborative will see our climate related research backed up by expertise in knowledge exchange and commercialisation. We’re are excited to see this timely new initiative take shape and look forward to working with our new partners.”

Golden seat marks milestone at Becketwell Live

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Derby’s Becketwell Live has moved a step closer to completion as the final auditorium seat was fixed into place with a ‘golden’ seat made for the occasion. Main Contractor Bowmer + Kirkland (B+K), developer St James’ Securities, building owner Derby City Council and venue management company ASM Global were there to mark the occasion and joined by a selection of representatives from B+K’s supply chain who had all worked together to get the project to this stage. With the handover date of January 2025 only seven weeks away, the £45.8m venue is almost ready to welcome entertainment seekers from across the city and the wider East Midlands. Work between now and practical completion includes testing and commissioning, including 150 acoustic tests. The main auditorium has flat floor seating, a lower tier of retractable bleacher seating, an upper tier of fixed seating and there is a ring of VIP seating on the central and side balconies – enabling a capacity audience of 3,500 to enjoy the range of concerts, family and comedy shows, theatre performances, and more that the venue will host. Investing back into the local area has been at the heart of the project. Of the 1,424 people who have worked on site, 51% are from within 20 miles of Derby and over the span of the whole project, £5.3m has been spent within the local area. The project has supported 36 apprentices and T-Level students equating to 506 weeks of on-the-job training. Robert Kirkland, Bowmer + Kirkland Life President, said: “Becketwell Live has been an important scheme for us all. It has continued a long-standing relationship we have with the city of Derby, it will bring vibrancy and much-needed commerce to this area of the city and we are all very proud to have been part of this exciting development.” Paul Morris, Development Director at St James Securities, said: “We are thrilled to see the Becketwell Live entertainment, events and conference venue reach this important milestone. This project represents a significant step forward in revitalising Derby’s city centre and providing a state-of-the-art facility that will serve the people of Derby and the wider region. “We are proud to have created a scheme that will bring new energy to the city and provide a platform for a diverse range of performances and events. “This is an exciting moment for Derby, and we look forward to seeing the venue open its doors in 2025.” Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said: “Installing the final seat is a huge and very exciting step in the Becketwell journey, bringing us closer to realising our vision of transforming Derby into vibrant city centre that puts culture at the forefront. “We’re looking forward to welcoming audiences from across the region into the city centre to enjoy a variety of performances and functions, with tickets already on sale for some of next year’s shows. A huge thanks to all of our partners and everyone involved for getting us to this stage in the journey – the final seat is in place but this is just the beginning for Becketwell Live.” Marcus Sheehan, Manager at ASM Global, said: “The installation of the final seat is a major milestone bringing us one step closer to opening our doors to the people of Derby. We’ve already begun announcing our first confirmed events for 2025 and beyond here at Becketwell, featuring live music, comedy, and more. “The future here is bright, and we’re committed to delivering the very best guest experiences and unforgettable live entertainment. I look forward to seeing you all in a packed-out auditorium very soon!”

JCDecaux UK awarded council’s digital advertising contract

Nottingham City Council has awarded JCDecaux UK a 15-year bus shelter and free-standing digital advertising contract following a competitive tender. The contract not only provides the council with income from digital advertising screens, but it also includes a refurbishment of bus shelters and the introduction of smart technology benefits like free public Wi-Fi and real-time air quality monitoring. Nottingham is the eighth largest city in England in terms of catchment population and retail spend – a vibrant business and leisure hub in the East Midlands. The new contract will provide advertisers with a new city-wide network of ‘Out of Home’ digital 6-sheet screens, providing a new opportunity for local, national and international advertising clients. The digital network will comprise 30 free-standing units (60 screens) and 75 bus shelter screens as well as ‘classic’ paper poster sites. All 800 bus shelters will be totally refurbished and rebranded in the city’s ‘Robin Hood Network’ livery and will include energy-efficient LED lighting helping to work towards the city’s carbon-neutral goals. JCDecaux will be introducing ‘smart city’ tech to the city centre, providing free Wi-Fi and air-quality monitors across the city centre, enabling the council to access real-time air quality information across the city via an app – all funded by advertising. Aligned with the council’s climate strategy, the high-quality design and robust maintenance of JCDecaux’s bus shelters means they will be refurbished when the new contract begins in January 2025 – reducing greenhouse gas emissions by an estimated 90% compared to the installation of replacement street furniture. JCDecaux will also fund a range of important environmental and community initiatives, paid for by the advertising network. This includes financial support for the Mayor’s Charity, local community group funding as well as supporting city University research projects and city-wide biodiversity initiatives. Councillor Neghat Khan, Leader of Nottingham City Council and Executive Member for Strategic Regeneration, Transport and Communications, said: “Congratulations to JCDecaux on getting this contract after a thorough tender process. We’ve worked with them in Nottingham for many years and look forward to continuing this partnership. “It’s important that the bus stops and shelters in Nottingham are well-maintained and use the latest technology. The digital screens in the city centre provide advertising space for local and national companies, which also brings in extra income for the council.” Phil Drye, Chief Commercial Development Officer at JCDecaux UK, said: “Nottingham is a dynamic city and we are very proud that Nottingham City Council has again placed its trust in JCDecaux UK, continuing our relationship that spans over 20 years. “Our bus shelters are designed with high-quality materials and maintained and cleaned to the highest standards. We are looking forward to delivering this new contract for Nottingham City Council and local residents, which will include digital screens and ‘smart city’ technology to bring innovative public services to the city.” The digital screen network is set to include the main retail and business hubs of: Beastmarket Hill, Carrington Street, Clumber Street, Lister Gate, Milton Street and Upper and Lower Parliament Street.

Bambinos & Beyond expands with letting at Maltings Industrial Estate

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Rushton Hickman has let Unit 5 Maltings Industrial Estate to Bambinos & Beyond, a retailer specialising in new, ex-display and preloved baby and nursery items. It comes as Bambinos & Beyond expands its operations and now occupies a total of three units marketed by Rushton Hickman. Bambinos & Beyond required additional storage space to accommodate their expansion. The newly acquired unit, with a gross internal area of 2,264 sq ft, is located on Maltings Industrial Estate, less than two miles from Burton upon Trent town centre and close to Bambinos & Beyond’s existing units at Albion Gateway. Jade Martin, Associate Director at Rushton Hickman, said: “Working with Bambinos & Beyond has been a pleasure and we are thrilled to welcome them to the Maltings Industrial Estate, which is an ideal location for their growing business.” Jade continued: “We believe this unit offers the necessary space to enhance their operations and meet increasing customer demand. This letting exemplifies the confidence that businesses like Bambinos & Beyond have in both the properties we have available and the service that Rushton Hickman so proudly delivers.”

Castle Donington software provider reaches agreement on £36m acquisition

K3 Business Technology Group has reached agreement with SYSPRO, a Castle Donington-based ERP software provider, for the sale of the Group’s wholly owned subsidiary, NexSys.

NexSys is a leading SYSPRO elite partner in the UK and has over 40 years’ experience of providing and supporting specialised business software solutions to manufacturers and distributors.

Under the terms of the agreement, the total consideration for NexSys is £36 million.

Jaco Maritz, Chief Executive Officer of SYSPRO, said: “SYSPRO, an Advent and Safari company, believes that NexSys is a compelling strategic fit given the company’s position as a trusted provider of digital solutions to manufacturing and distribution companies across the UK and Europe.

“The carve-out acquisition is a key milestone in Safari’s SYSPRO strategy to expand its global footprint, strengthening its presence in the UK and extending its reach across Europe. The acquisition will also enable SYSPRO to expand its highly regarded digital manufacturing suite with new products and capabilities.

“Safari believes there are further initiatives that would help accelerate its existing strategy and which it intends to confirm after a detailed review of the business and operations following Completion. Safari and SYSPRO attaches great importance and value to the skills, experience and commitment of the existing management and employees of NexSys.”

Eric Dodd, Chief Executive Officer of K3 Business Technology Group plc, said: “As the UK and Ireland’s largest reseller of SYSPRO software, our NexSys business is a superb fit for Advent, and we are delighted to have reached this agreement.

“Advent is a leading technology investor and its purchase of NexSys is a natural next step following its recent acquisition of a majority holding in SYSPRO. Advent has the resources and market experience to more fully capitalise on NexSys’s strategic value.

“We view the proposed sale as an excellent outcome for K3 shareholders, NexSys, and Advent and recommend that shareholders vote in favour the proposed sale at the Company’s General Meeting in December.”

How to plan an expansion to your business in the East Midlands

Expanding your business can be a significant step toward achieving long-term growth and profitability. For businesses in the East Midlands, this process comes with unique opportunities and challenges, from navigating the regional market to ensuring financial stability. A well-structured plan is essential to ensure your expansion journey is smooth and successful. This guide will walk you through practical steps to help you prepare for growth while taking full advantage of the opportunities within the East Midlands. Evaluating Readiness for Expansion Before planning an expansion, it’s crucial to assess whether your business is ready to take this step. Start by evaluating your financial stability. Review your profit margins, revenue trends, and existing cash flow to ensure that your current operations are sustainable. Key performance indicators (KPIs) like customer retention rates and sales growth can provide valuable insights into your readiness. Operational capacity is another vital consideration. Ask yourself whether your current processes and infrastructure can scale efficiently. Expansion is only viable if your business is stable and adaptable enough to meet increased demand. Researching Market Opportunities Understanding the East Midlands market is critical to a successful expansion. Research consumer behaviour and preferences within the region to identify growth opportunities. For example, pinpoint areas where demand for your products or services is rising or where competitors may not be adequately serving the market. Analysing the competition is equally important. Study how established businesses operate and consider what differentiates your offering. This research will help you identify underserved niches or refine your strategy to make your expansion more competitive. Developing a Financial Plan Financial planning is the backbone of any expansion. Start by estimating the costs involved, including new hires, marketing campaigns, and potential property expenses. Create a detailed budget that outlines these costs and establishes clear spending limits. This is also the stage to explore funding options. Many businesses turn to small business loans to manage cash flow effectively during periods of growth. These loans can provide the financial flexibility needed to cover upfront costs while your expansion generates returns. For example, small business loans to boost cash flow are a practical tool for maintaining stability while investing in growth opportunities. Selecting the Right Location For businesses expanding within the East Midlands, choosing the right location can make all the difference. Consider factors like accessibility, customer proximity, and local infrastructure when selecting a site. The region offers a variety of commercial spaces suitable for businesses of all sizes. Engaging with Local Resources and Networks The East Midlands is home to numerous resources that can support your expansion. Regional business associations and chambers of commerce provide valuable networking opportunities and access to industry-specific advice. These organisations often host events where you can connect with potential partners or clients. Additionally, explore local grants and support programmes designed for growing businesses. Many regional initiatives are aimed at fostering economic growth and can offer financial or logistical assistance during your expansion. Ensuring Legal and Compliance Readiness Expanding your business involves navigating various legal and regulatory requirements. Review contracts, permits, and tax obligations to ensure compliance with regional laws. If you’re opening a new location, check zoning regulations and other local ordinances. Staying proactive about compliance protects your business and builds trust with customers and stakeholders. Adapting to Regional Consumer Trends Every region has its unique consumer preferences, and the East Midlands is no exception. Understanding the demographics, purchasing habits, and preferences of the local population can help tailor your products or services to meet their needs. Invest time in conducting surveys, focus groups, or market analysis to ensure your offerings resonate with potential customers. Pay attention to cultural and seasonal trends specific to the region. For example, aligning your product launches or marketing efforts with regional events or festivals can significantly boost engagement and sales during your expansion. Preparing for Contingencies No expansion plan is complete without contingency measures. Anticipate potential challenges, such as supply chain disruptions, unexpected expenses, or slower-than-expected growth, and create backup strategies to address them. Regularly reviewing your plans and adapting to changing conditions ensures your business remains resilient throughout the expansion. Investing in Employee Development A successful expansion relies heavily on the people driving it. Supporting your employees through training and development opportunities ensures they are equipped to manage the challenges of growth. From leadership development programmes for managers to upskilling frontline staff, investing in your workforce pays off in productivity and morale. Planning an expansion in the East Midlands offers exciting possibilities for businesses looking to grow. With careful preparation, your business can thrive in its next phase of growth.

Derbion unveils updated plans to revitalise key sites

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Updated plans for the potential development of three key sites within Derbion’s footprint will be unveiled at a public exhibition this week. The Derbion Masterplan is a framework for the long-term development of under-used land that will complement and support the existing centre and its significant position within Derby. It is a starting point for exploring future opportunities over the next 10 years and beyond, that will benefit both Derbion and the ongoing regeneration of Derby City Centre. Plans were originally presented in 2022 and considered the potential of two sites, Eagle Quarter and Bradshaw Way. They have now been updated with a revised layout and reduction in height of the proposed buildings. A third site, the Riverside Quarter, is also included. Planning permission has already been granted for the Eastern Gateway project, which forms the first phase of the proposed Eagle Quarter development. Work is now underway to create a new public square on the corner of East Street and Morledge and provide an enhanced gateway to the city from the bus station. The Derbion Masterplan proposes how the rest of the Eagle Market site could be developed for around 500 new homes and commercial uses, within a framework of green, accessible routes and new public spaces. The updated plans for the Eagle Quarter also include the retention of Derby Theatre, providing a green cultural square at the heart of the project. The proposals for Bradshaw Way include around 480 new homes and commercial space around landscaped public areas, transforming the gateway site and improving links to the Nightingale Quarter. Following the closure of the Riverside car park last year, the masterplan has been extended to encompass the Riverside Quarter, presenting an opportunity to provide around 380 new homes with new public spaces and walkable streets that will improve connections towards the river and into the rest of the city centre. Commenting on the masterplan proposals, Beth McDonald, Managing Director at Derbion said: “As Derbion continues to attract leading retail and leisure brands, our position in the heart of the Derby means that we have an important opportunity to evolve and develop our wider footprint to improve the vitality of the city centre and increase connectivity. “The masterplan proposals are a framework for development over the next 10 years and beyond to revitalise three key sites that will support the wider regeneration of Derby and attract and engage more people to visit and explore the city.” An exhibition of the masterplan proposals will be open to the public on Level 2 of Derbion, opposite Zara, on Thursday 5th December from 11am to 4pm and Friday 6th December from 11am to 3pm.

Internationally experienced employment lawyer joins Michael Cummins Employment Solicitors

Internationally experienced employment lawyer Kate Cauldwell-Hunt has joined the specialist law firm Michael Cummins Employment Solicitors as its new senior associate. It’s a professional reunion for Kate and her new firm’s founder Michael Cummins, who worked together at Gateley more than 20 years ago. After training and qualifying as a solicitor at Gateley, Kate worked as an employment lawyer, including at Averta Employment Lawyers, before moving to Pinsent Masons Vario where Kate worked both in the UK and then in Singapore where she led on the provision of flexible legal services for the international firm Pinsent Masons. As an account director for Pinsent Masons Vario, Kate managed the recruitment and deployment of lawyers and other legal professionals for assignments with the firm’s clients or internally within Pinsent Masons. Latterly Kate managed recruitment of lawyers and business services professionals for the London office of another international law firm, Clyde & Co. Now the solicitor has joined the seven-strong Leicestershire-based Michael Cummins Employment Solicitors which since 2022 has provided employers with advice and representation on all aspects of employment law. Michael said: “It is wonderful to welcome Kate to our firm more than 20 years after watching her set out on what has become an impressive career of great variety in location and expertise. “I know she is looking forward to getting back into the thick of employment law here in the UK and in a setting where she is a key player in a focussed team with a collegiate feel and our approach to providing high quality work for our family of clients. “It is also exciting for us to welcome Kate just a month after her fellow new senior associate Katie Baker-Clifton. Their arrival is a significant step forward for our firm.” Kate said: “I am delighted to have the opportunity to work with Mike again and excited to be working with such a friendly and welcoming team. It is a privilege to work with this team with its fantastic reputation and wealth of experience.”

UK’s ‘critical £1.3 trillion mid-market’ can be engine of growth for East Midlands economy

Mid-market corporates (MCCs) play a significant role across the East Midlands jobs market, employing nearly a quarter of the workforce. And a new report issued by NatWest, in partnership with Oliver Wyman and supported by the Business Secretary, Jonathan Reynolds MP has identified that UK mid-market businesses have an oversized impact on the UK economy, are particularly important to regional economies and are the unsung engine of the economy:
  • c.13,000 of these businesses exist across the UK;
  • while being only 0.5% of the total number of UK companies each MMC business contributes the equivalent of 200 SMEs to the economy;
  • every year they contribute £1.3 trillion of turnover and £420 billion of Gross Value Added (GVA) to the economy, nearly one third of all companies;
  • with the correct support, MMCs could contribute an additional £115bn to turnover and £35bn of GVA by 2030. For areas outside of London and the South East, the growth potential could be up to £70bn and £24bn for turnover and GVA respectively, and
  • employ 7.3 million Britons – 26% of the total and are essential employers across the UK’s regions.
Supporting the UK’s regions MMCs are crucial to regional economies, often employing a large proportion of their local community. As well as employing 24% of the East Midlands’ workforce, they contribute significantly to employment in the West Midlands (26%), North East England (23%), Yorkshire and the Humber (27%) and Scotland (27%). In aggregate they employ more than 1.2 million more individuals than large non-financial corporates. MMCs are also present across all sectors, with 20-30% share of turnover in most industries. MMCs form a higher proportion of the education sector, including many universities and private schools, and the property sector, while being less present in retail and agriculture. Unlocking MMCs growth potential Through consultation with over 2,000 of these businesses, the report has identified five challenges mid-market businesses need support to overcome from government, financial institutions and partners to unlock growth. If these challenges are addressed, it is estimated that the mid-market segment could benefit from an uplift in turnover of £115bn, adding an additional £35bn of gross value add (GVA) to the economy by 2030. For areas outside of London and the South East, the growth potential could be up to £70bn in turnover and £24bn in gross value add. The top 5 challenges are:
  1. Insufficient access to skills – MMCs struggle to fill vacancies at every level (specialist and entry level) and the problem is getting worse;
  2. Infrastructure and planning restrictions – MMCs are typically more regionally based, limitations in regional infrastructure (e.g., housing, rail/bus links, grid connectivity, broadband) disproportionally affects this segment. Compounded by problems with the planning system;
  3. Complexity growing faster than their capacity – the level of complexity can exponentially increase as they establish new business lines, enter new markets or breach thresholds for regulation or red tape;
  4. Lack of self-identity and collective profile – MMCs do not self identify as a distinct segment (unlike the German Mittelstand), and therefore cannot collectively advocate for additional support and policies which would enable growth;
  5. Lack of data and transparency – this segment loses in terms of policy support and other targeted measures as the lack of data means it is difficult for public and private sector stakeholders to understand the importance of the MMC segment to the economy and define policy and other targeted measures to support growth and productivity.
Supporting MMCs to drive economic growth In response to these issues and to provide a unified voice to this critical segment, the bank with the support of the Department of Business and Trade has announced a plan to create a new UK Mid-Market Council, with members representing the primary sectors from across the business sphere. The first bodies to be announced as members include the British Chamber of Commerce, Confederation of British Industry, Make UK, and XYZ, with NatWest Group chair/CEO set to chair the council. NatWest will launch the Mid-Market Growth tracker in January, in collaboration with S&P Global. Thought to be the first of its kind, the tracker will provide a quarterly view of sentiment across the UK mid-market, giving an ongoing view of this sector’s sentiment and growth prospects in every corner of the UK. The bank is also announcing a partnership with the UK Export Academy, with the aim to help educate and encourage businesses to begin exporting to EU and International markets. NatWest’s report cited knowledge, networks and compliance as major barriers for mid-market businesses who want to commence trading internationally; this partnership will aim to break down these barriers and provide mid-market businesses with the confidence and expertise to expand their business into foreign markets. Lisa Phillips, Regional Managing Director of Commercial Mid-Market Midlands at NatWest, said: “Without question mid-market businesses play a pivotal role in the East Midlands economy, employing nearly a third of the workforce. And with the right support and investment, they have the potential and capabilities to have an even greater impact on the region. We look forward to working with our regional partners on developing ways to better support these vital businesses.” Jonathan Reynolds, Business Secretary, said: “I welcome this report, which describes the vital role that mid-market corporates can play in driving economic growth. As these businesses scale up, they can become tomorrow’s blue-chip quoted companies with global scale and reach. I look forward to working with NatWest and the new Council to ensure that the potential of mid-market corporates is fully realised.”

Care group secures facilities to refinance and support future growth

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OakNorth, the digital bank for entrepreneurs, has provided funds to MPS Care Group, a provider of residential nursing and care homes for adults. Founded in the 80s, MPS Care owns and operates a number of care homes with over 180 beds providing care in the North East, North West and the East Midlands. According to research from Knight Frank this year, while bed supply has grown 3% over the last decade, the over 65 population has grown by around 16% over the same period, meaning demand greatly outstrips supply. With an ageing population, it is expected that by 2050, there will be a shortfall of more than 200,000 beds across the UK. Paul Gray, Chairman of MPS Care, commented on the transaction: “Since our founding almost 40 years ago, our goal has been to be the care provider of choice, by providing the highest level of care to all our residents and continually improving the quality of our service. “Covid-19 was a particularly challenging period for the sector, but by consolidating our portfolio and ensuring we provide comfortable, safe and homely environments for all our residents, we were able to come out the other side even stronger. “As we look ahead to the future, we’re excited to have the backing of OakNorth – they’ve supported some of the strongest operators in the business, so receiving this funding from them puts us in great company.” Dale Cowdell, Director of Debt Finance at OakNorth, continued: “The UK elderly care sector has faced its fair share of ups and downs over the years, but with an ageing population and demand for beds already far outstripping supply, it’s vital that providers such as MPS receive the support they need. “Paul has done an exceptional job running the business over the last four decades, making the tough decisions when needed, and taking advantage of opportunities when they’ve come. He is a true entrepreneur and with the excellent leadership of Hannah Marchant and the wider team, the business is well-positioned for growth over the next 40 years.” John Anderson and Jonathan Thompson from AT Commercial Finance advised on the transaction.

Museum awarded grant to secure its future sustainability

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Framework Knitters Museum has been awarded a £244,168 grant from The National Lottery Heritage Fund to secure a sustainable future for the museum. The Framework Knitters Museum is the only museum in the county that is dedicated to Nottinghamshire’s rich textile manufacturing heritage. The knitting frame, invented in Calverton, was a crucial step in the development of Nottingham’s world-famous lace industry. Like many museums, financial pressures which threaten its survival are mounting. Without this support from the Heritage Fund, the future of the museum would be at risk. The project, titled ‘A Stitch in Time’, aims to deliver a range of outcomes to help reduce costs and secure sustainability, such as the replacement of an outdated gas boiler, wiring repairs and new roof insulation. An additional member of the team will be employed to manage the project, which also includes enhancing the resilience and creative vision of the museum through the support of external experts and advisors. Chair of Museum Trustees Ian Rowson said: “We are extremely grateful to have received this support from The National Lottery Heritage Fund. Thanks to National Lottery players, this project will ensure that the endangered craft of frame knitting is kept alive through securing the future of the museum.”

Micromix sows seeds of success with £235,000 funding package

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A Nottingham-based manufacturer of plant micronutrients and biostimulants is investing in growth with the purchase of new machinery thanks to a £235,000 funding package from HSBC UK. The new automatic liquid filling machine will enable Micromix Plant Health to increase its output of plant nutrients and bio stimulants bottle production by some 250%. This process was previously very labour intensive, so the new equipment will lead to a vast boost in productivity for the company, representing a significant step forward in Micromix Plant Health’s future growth plans. With this increased capacity, the business is well positioned to meet increased demand over peak periods, enabling a boost in sales and an opportunity to meet the additional requirements of both existing and new clients either for Micromix products or for additional white label production and packaging. The new kit will also improve the company’s agility in responding to last minute orders – a critical advantage given the urgency in addressing crop nutrient deficiencies or opportunities to enhance yields as agronomists determine them during the crop growth cycle. The investment follows a management buyout in March 2024 which has allowed for greater scope for investment and ambitious forward planning. Tom Mawhood, Director at Micromix Plant Health, said: “Having only completed the MBO of the company a few months ago, we are thrilled to have already been able to make this important investment, automating a key process to significantly boost our capabilities. This will be a gamechanger for us, and we’re excited to continue to modernise our equipment and take on more customers.” Simon Phillips, Relationship Manager at HSBC UK, said: “The new machinery is a catalyst for Micromix Plant Health’s growth, enabling the business to ramp up production and swiftly meet market demands. This is a prime example of how strategic funding can drive innovation and success, and we are thrilled to support the new management team as it takes its first step in its ambitious growth plan.”

Construction of Nottinghamshire Planetarium completes

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Pivotal works on the new £6.8 million state-of-the-art Sherwood Observatory Planetarium & Science Centre in Sutton-in-Ashfield are now finished ready to welcome the public. The occasion was celebrated with an official handover event on Friday 15th November. Works commenced in August last year and were delivered by Midlands contractor, G F Tomlinson, and procured through SCAPE. Using the SCAPE Venture framework, client Mansfield & Sutton Astronomical Society, supported by Ashfield District Council, accelerated the delivery of the scheme through early contractor involvement with G F Tomlinson – driving collaboration, time efficiency and cost savings. The landmark scheme involved the transformation of a disused underground Victorian reservoir into a visitor attraction, and education centre for the general public, schools and group visits, breathing new life into the historic building which now features an exhibition hall, meeting room and café, alongside the cutting-edge planetarium. Works included building a new structure above the reservoir to increase the useable space, maintaining original and historical features such as intricate brick arches, while evolving the existing structure into a unique and functional building. Designed to inspire interest and careers and learning in science, technology, engineering and mathematics (STEM) with a wraparound experience, the facility will also help to increase annual footfall to the location. G F Tomlinson concentrated on supporting the local community during construction, and multiple educational and employment opportunities were provided through a dedicated Social Value Working Group (SVWG). 76% of local spend took place within 20 miles of the construction site and 77% of labour was sourced within the same radius. Over 2,000 tonnes of excavated sand from the site were donated to two separate golf clubs close to the observatory at a value of £20,000. The contractor delivered 2,100 hours of educational value through school talks, visits, mock interviews and career fairs with local schools and colleges, and 10 work experience placements were also provided alongside six apprenticeships which totalled 30 weeks of onsite experience. T level students spent time weekly on site with the design management team, and the contractor also organised mental health visits with the Lighthouse Charity and two ‘Women in Construction’ events. Adrian Grocock, Group Managing Director of G F Tomlinson, said: “We are delighted to have completed works to this unique and significant Nottinghamshire landmark scheme – providing a world-class immersive facility for all ages in the heart of the Midlands. “The Sherwood Observatory will inspire and entertain visitors, and for many years to come they will enjoy the learnings that come with understanding the wonder and science of space. “We’ve wholeheartedly enjoyed working alongside the Sherwood Observatory team, Ashfield District Council and other stakeholders who helped in bringing this incredible project to life.” Dr Steve Wallace, Chair of Sherwood Observatory and client project manager, said: “Right from the initial vision, this project has been about collaboration and teamwork. The new Planetarium & Science Centre has exceeded expectations and the excitement that has been generated in the area as it has taken shape has been tangible. “We are really pleased to open our doors to visitors and show them the wonders of the universe.” Mark Robinson, Group Chief Executive at SCAPE, said: “The Sherwood Observatory planetarium has been an excellent project to be a part of. Procured via the SCAPE Venture framework, we worked closely with our partner, G F Tomlinson to support greater efficiency, deliver cost savings and help embed social values initiatives. “Now open, the planetarium provides a one-of-a-kind attraction not only for the local community but for visitors from further afield. We are looking forward to seeing the next generation of scientists and astronomers that the planetarium inspires.” Cllr Jason Zadrozny, Leader of Ashfield District Council, said: “It really is spectacular, and it is something that will transform the lives of not just the people of Ashfield but also further afield. “It has been incredible to see the building through the various stages of construction and to see the vision really come to life. I am proud to have been some small part of the process. “The immersive shows really are incredible and I would encourage everyone to make sure they experience the Planetarium and all that it has to offer. This is something so unique and will see more visitors coming to Ashfield as they are transported through space. “It truly is an educational experience like no other and hopefully will see more young people develop an interest in learning more about space.” One of 16 projects being funded by the £62.6million Towns Deal which was secured by the council from the Government in 2021, the project benefitted from Levelling Up funding and grants from the Wolfson Foundation, Garfield Weston Foundation, Foyle Foundation and National Lottery Heritage Fund. Solar panels at the scheme were sponsored by Mansfield Building Society and the Changing Places toilet by East Midlands Rail.

Digital agency finds new home in the Lace Market

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A digital marketing agency has relocated in Nottingham as it prepares to celebrate its 25th anniversary. Nzime has taken a 2,292 sq ft office unit on the first floor of 19 Stoney Street – a period building in the heart of Nottingham’s Lace Market. The deal was brokered by Thomas Szymkiw, Head of Agency at NG Chartered Surveyors. Andrew Horner-Glister, the founder of Nzime, said: “After 20 years of being on Woolpack Lane in the same offices a move has come as an opportunity to shake up what ‘the office’ means to Nzime and its team as this is very different than in the early 2000’s. “We have been looking to move for the last few years and finding the right space has been a challenge as we wanted a space with soul and personality rather than a regular carpeted, ceiling tile environment.” Andrew said the move will give him the opportunity to listen to his team and create an environment in the heart of the Lace Market which suits their needs. He added: “We will be able to close the gap between an office environment and a more comfortable social, hospitality, home feel. We have embedded a cafe feel in the heart of the space for the team to come together over food and drink with plenty of options for people to work in different environments. “For those wanting to get their head down we still have a quieter studio allowing for minimal distractions and then we have a much more open plan environment containing dedicated meeting and video call spaces. “Running a hybrid working approach means that when people do come into the office they are often wanting lots of face to face time with colleagues and clients so the new space has been built around this.” Thomas said: “19 Stoney Street is the ideal place for Andrew to take his company to the next level. The market for high-quality period offices in Nottingham – and especially the Lace Market – remains strong as they often add that something extra to a more modern setting. “19 Stoney Street is the ideal place for Andrew to take his company to the next level and we wish Nzime well in their new home.”

Eureka! Archimedia finds perfect hire to kickstart growth plans

A Nottingham accountancy practice is expanding after making a key hire. Archimedia Accounts, which is based at Nottingham Science & Technology Park, has hired well-known city finance professional Jill Fox as a Client Manager and Accountant. Chris Demetriou, Co-owner and Finance Director, explained that Jill is the perfect fit for Archimedia. He said: “Jill is completely aligned with our firm’s culture. She cares about clients, which isn’t something easily found these days. All accountants have the skills, but to truly want your clients to succeed is where the magic happens.” Chris said that Jill’s experience will be hugely beneficial to Archimedia’s clients. He added: “I know Jill will go the extra mile for clients because she truly cares about what they want to achieve, saving them money and giving them insights that will help their businesses grow.” Jill is the next step in the expansion plan for Archimedia, said Chris: “Next year we’ll be looking to hire two more employees; an Accountant and and a Senior Bookkeeper. It’s an exciting time for us – and our clients.” Speaking about joining the business, Jill Fox said: “I’ve always admired the way that Archidemia focuses on their clients and the core values it has as a thriving family firm. Until now, I’ve only seen it from the outside but they have a great reputation locally and within the industry for thoughtful, tailored service. I’m excited to become part of the growing team.”

Future of East Midlands energy production explored at summit

Businesses, policy makers and educators gathered in Derby for East Midlands Chamber’s 2024 Midlands Energy Summit on 28th November. Held in partnership with the University of Nottingham’s Energy Institute and East Midlands Freeport, and sponsored by HyDEX and Tomato Energy, the summit took place at Toyota Motor Manufacturing. Keynote speakers and panel discussions examined energy storage, provision, distribution and technological developments in areas like fission, fusion and hydrogen. East Midlands Chamber Director of Policy and Insight Richard Blackmore opened the summit. Speaking afterwards he said: “Energy plays a vital role in growing the East Midlands economy and embracing and exploring the storage and production scope we have right on our doorstep is a key part of our Manifesto for Growth – our asks to policy makers that have ensuring the East Midlands thrives at their core. “Fast-evolving technology has brought a range of attractive clean energy opportunities that make the clean growth journey to Net Zero something businesses can really benefit from. “The summit today was about marrying the insight businesses in the East Midlands energy sector have as they embark into new technologies and seize its potential, with the detailed research and analysis that our superb universities and academics bring, so that as a region we can lead the way on future energy provision and distribution.” Toyota Motor Manufacturing UK Senior Manager, Environment and Carbon Neutrality Project John Malpas delivered a talk on initiatives to support the company’s goal to become neutral. After the summit he said: “We have 30 years of experience of energy reduction and decarbonisation. “It’s that experience we can share with others, in what pathways we’ve taken, what mistakes or hurdles we came across and then what strategies we’ve adopted, what technologies we’ve adopted, so we can share that information with others and help them along their own pathway. “As you’re decarbonising, there are opportunities to reduce the cost base through energy cost reduction, utility cost reduction and in all our experiences as we’ve gone down this pathway we’ve reduced our costs, and we’re trying to accelerate that to improve our cash flow in the early years, because in the later years when we transition to new technologies, there’ll be investment to make.” University of Nottingham Professor of Sustainable Building Design Mark Gillott gave a talk on the role of research in shaping future energy landscape. He said: “Research is vital in terms of developing the systems, ideas and technologies of the future to address the big issues such as climate change, but more importantly, working collaboratively across disciplines and with industry is essential to get these research ideas developed in the real world. “From the University of Nottingham perspective, we’ve focused in on three key themes: communities and the built environment, transport and power and energy storage.” East Midlands Freeport Chief Executive Tom Newman-Taylor spoke on how to accelerate the region’s journey to Net Zero. He said: “The Freeport can be a catalyst, and in some ways, the glue, to help this region on its journey towards Net Zero, and put ourselves at the forefront of that journey for the nation to become a clean energy superpower. “We’re working closely with sectors like advanced manufacturing, advanced logistics and energy producers. We have three really compelling development sites, which themselves have Net Zero targets, and we’re also working with partners on the wider enablers of the transition, from green skills to high-end research to low carbon transport solutions.” HyDEX and Energy Research Accelerator Marketing and Communications Manager Nick King gave a talk on an energy toolkit HyDEX has developed to guide local leaders in their decisions around hydrogen. Afterwards he said: “Through our HyDEX programme we have been bringing together companies, researchers and the public sector in the Midlands who have an interest in hydrogen, to help develop and kickstart the regional hydrogen economy and support innovation, skills and policy. “It’s vitally important that businesses and universities work together to share knowledge about the latest developments and technologies in energy. The Midlands Energy Summit is an invaluable forum for helping to connect everyone with an interest in energy in the region.” Tomato Energy Partnerships and Frameworks Manager Iain Wheeler participated in a panel on energy development to meet the changing needs of business and society. He said: “Getting the energy sector together at events like this is absolutely fundamental, as there are examples of best practice where companies have done something innovative, and they’ve already worked out their pathways to decarbonisation – they’ve done it, they’ve committed time and effort and resources into it. “Those kinds of companies need to be championed and showcased to show the rest of the business community what they’ve achieved. In the panel discussion I was trying to break it down to things we can implement right now, technologies that are commercially available right now, things that are cost effective to do right now.”