Nottinghamshire solar farm could create 460 new jobs
Around 460 jobs could be created if plans for a new Nottinghamshire solar park are approved.
The proposed Great North Road Solar Park, near Newark, would create enough clean energy to power every home in the county.
Developer Elements Green states that around 400 roles would be created during the construction phase, with a further 60 needed permanently once it is operational.
“The benefits of the Great North Road Solar Park aren’t just limited to cheaper bills and greener energy,” said Mark Noone, head of UK development.
“There will be hundreds of secure well-paid jobs created during construction and the project’s legacy would include scores of skilled positions once the site is operational.
“Over half of those will be engineering roles, but there will also be a need for admin and support staff, and there will be plenty of chances for these roles to be filled locally.
“These will be good jobs, which are permanent and pay a proper wage. And much like the Great North Road Solar Park, we believe they will make a positive contribution to the lives of families across the area.
“The skills and training opportunities on offer to local people will form part of a separate announcement to follow in the coming months.”
According to Mark, an initial public consultation staged earlier this year revealed “pleasing” levels of support for the development which would be built north of the town.
Almost half of the respondents either backed the development or could support it in an amended form.
If approved it would see around 1.5m solar panels erected to produce cleaner energy, which would play a significant role in hitting the UK Government’s Solar PV target of 70GW constructed by 2050.
Locally, it would lead to a greener Nottinghamshire – with substantially less carbon emitted into the atmosphere each year.
Additionally, around £1m-a-year in grant funding would be made available to the local community via the NG+ scheme, helping community projects that have a focus on areas such as education, food security, energy efficiency, wellbeing and the environment.
Mark added: “Whilst the Great North Road Solar Park is still currently a proposal, the benefits it could bring to this area – be it jobs, community funding and cleaner energy – are huge.
“And this all signals our intent to make a permanent and positive economic difference to the area through Great North Road Solar Park.”
Shoe Zone subject of cyber security incident
Leicester-headquartered Shoe Zone has been the subject of a cyber incident which has resulted in unauthorised access to certain online systems and data.
On becoming aware of the incident, the company said it enacted its established IT security protocols and took immediate steps to stop the unauthorised access to its systems and data.
Specialist, third party consultants have been engaged to investigate the nature and extent of the incident, and to implement the incident response plan. Reports have also been made to the Information Commissioner’s Office and the National Cyber Security Centre.
Actions taken have ensured that the company’s website remains operational and the company continues to trade with its customers and suppliers.
The business noted: “Shoe Zone takes the issue of data security extremely seriously, and any affected individuals will be notified as appropriate and in accordance with applicable regulations.”
At this stage, any financial impact resulting from the incident is not expected to be material.
East Midlands rises to one of UK’s most confident regions in June
Business confidence in the East Midlands rose six points during June to 46%, according to the latest Business Barometer from Lloyds Bank Commercial Banking.
Companies in the East Midlands reported higher confidence in their own business prospects month-on-month, up two points at 42%. When taken alongside their optimism in the economy, up nine points to 50%, this gives a headline confidence reading of 46% (vs. 40% in May).
A net balance of 45% of businesses in the region also expect to increase staff levels over the next year, up 24 points on last month.
Looking ahead to the next six months, East Midlands firms identified their top target areas for growth as introducing new technology (42%), investing in their teams, for example through training (37%) and entering new markets (33%).
The Business Barometer, which surveys 1,200 businesses monthly, provides early signals about UK economic trends both regionally and nationwide.
National picture
Overall UK business confidence fell nine points in June to a net balance of 41%. However, this was consistent with levels seen during Q1 2024, before the sharp rise in May, and remained above the long-term average (28%).
While businesses reported lower confidence in both their own trading prospects, down 10 points to 44%, and the economy, down seven points to 39%, both remained robust.
The East Midlands was the third most confident UK nation or region in June, after Yorkshire and the Humber (48%) and the North East of England (47%).
Sector insights
Results across the sectors were mixed in June as three of the four sectors saw a decline in trading prospects. Construction fell 16 points to 42% and there were other notable decreases in retail (down 14 points to 35%) and services (down 11 points to 46%). Manufacturing however, bucked this trend, increasing by two points to 51%.
Dave Atkinson, regional director for the East Midlands at Lloyds Bank Commercial Banking, said: “It’s great to see East Midlands business confidence continue to grow, and now sit above the national average.
“Our region’s businesses are setting out clear growth plans – from hiring staff to introducing new technology. Delivering these plans will, in many cases, require fresh investment. We’ll continue to be by their side, providing both financial backing and guidance to help them get the most out of the steps they’re taking.”
Celebrate successes in the property and construction industry at the East Midlands Bricks Awards 2024
A long-standing celebration of the region’s property and construction industry, the East Midlands Bricks Awards will return on Thursday 3rd October for the next instalment of the prestigious event.
Attracting leaders from across the region, the awards are the perfect way for firms to raise their profile and promote the work they are completing, and with nominations open until Thursday 5th September, now is the ideal time to prepare your entries.
Take this opportunity to showcase exceptional new commercial and residential developments, those demonstrating a leading position in sustainability and design excellence; gain recognition as outstanding developers, architects, contractors, and agents, as well as for significant deals; and ensure efforts in corporate social responsibility are rewarded, from eco initiatives to charity work, to social value schemes.
To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.
Award categories include:
Tickets can now be booked for the 2024 awards event, click here to secure yours.
Taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 3rd October, from 4:30pm – 7:30pm, connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region.
Attendees will also hear from keynote speaker Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire.
Dress code is standard business attire.
Thanks to our sponsors:
- Most active agent
- Commercial development of the year
- Responsible business of the year
- Residential development of the year
- Developer of the year
- Deal of the year
- Architects of the year
- Excellence in design
- Sustainable development of the year
- Contractor of the year
- Overall winner (this award cannot be entered, with the winner, and recipient of a year of marketing/publicity worth £20,000, selected from those nominated for the event’s other awards)
Nominations end Thursday 5th September, with winners revealed at a glittering awards ceremony on Thursday 3rd October at the Trent Bridge Cricket Ground – an evening of celebration and networking with property and construction professionals from across the East Midlands.
Tickets can now be booked for the 2024 awards event, click here to secure yours.
Taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 3rd October, from 4:30pm – 7:30pm, connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region.
Attendees will also hear from keynote speaker Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire.
Dress code is standard business attire.
Thanks to our sponsors:
To be held at:
Chesterfield manufacturers encouraged to inspire future talent as 10 years of innovative scheme celebrated
Businesses are gearing up to celebrate the 10th anniversary of the Made in Chesterfield initiative, which brings together schools and local firms to close skills gaps in the town.
Designed to spark interest in manufacturing, engineering, and construction careers among young people, the campaign offers a unique opportunity for businesses in those key sectors to inspire the future workforce.
Destination Chesterfield is seeking companies to participate in this year’s Made in Chesterfield scheme. By engaging with school pupils, your business can offer firsthand insights into the exciting career paths within these crucial sectors.
Celebrating a decade of partnership and collaboration, the Made in Chesterfield campaign will run throughout October 2024.
Organised by Destination Chesterfield and Direct Education Business Partnership, and supported by Chesterfield College Group, Chesterfield Borough Council, Derbyshire North Careers Hub, MSE Hiller, United Cast Bar Ltd, and NatWest, the campaign has a proven track record of success.
Since 2014, over 3,500 students have explored career opportunities in the area’s manufacturing, engineering, and construction sectors.
Chesterfield College Group, the project’s headline sponsor, has witnessed a surge in students enrolling in STEM (Science, Technology, Engineering, and Maths) subjects, underscoring the campaign’s significant impact.
Julie Richards OBE, CEO of Chesterfield College Group, shared: “Supporting Made in Chesterfield aligns with our mission to connect students with employers, providing inspiration and creating opportunities for successful careers.
“Our Engineering, Manufacturing, and Science Centre and involvement in the town’s new Construction Skills Hub highlight our dedication to providing the best career opportunities for young people in engineering and construction.”
Ivan Fomin, Director at MSE Hiller and Destination Chesterfield Board Member, emphasised the importance of the initiative: “With an ageing workforce creating a skills gap in manufacturing, it’s crucial to cultivate new talent. These tours and interactions give young people invaluable insights into the promising careers in STEM fields.”
Clare Talati, CEO of Direct Education Business Partnership (DEBP), added: “We are thrilled to continue supporting Made in Chesterfield, facilitating connections between employers and young people. This initiative provides meaningful experiences, raising awareness of local opportunities and helping employers meet potential future employees.”
Administrators appointed at controversial Leicester life insurance broker
Adam Stephens and Kevin Ley of Evelyn Partners LLP have been appointed as joint administrators of controversial life insurance broker Dead Happy.
Leicester-based Dead Happy was founded in 2013 and grew to a revenue of £2.5m by 2023, with more than 25,000 active customer policies.
The administrators are working with the underwriting insurers to ensure that all customer policies transfer back to the insurers with minimal interruption to customers. As part of this process the business will continue to trade on a limited basis, with certain employees kept on to assist the administrators with their work.
Adam Stephens, partner at Evelyn Partners and joint administrator of Dead Happy, said: “We are pleased to be able to assist with ensuring a continuity of insurance provision for all customers as the business is wound down.
“Evelyn Partners has been working with the Dead Happy management team and major stakeholders to enable a smooth transition for customers.
“We thank Dead Happy management for their support in this process and look forward to concluding the process with a positive outcome.”
The news follows provocative marketing tactics at the firm, with public outrage at the beginning of 2023 over an ad featuring serial murderer, Harold Shipman.
Dead Happy included a picture of Shipman in social media ads with the overlaying text: “LIFE INSURANCE … Because you never know who your doctor might be.”
Shipman is estimated to have murdered between 215 and 260 of his patients.
The Advertising Standards Authority (ASA) upheld complaints against the business, saying in a statement that the adverts “trivialised and made light of the murders committed by Harold Shipman, such that they were likely to cause both serious and widespread offence to those who saw them.”
Sir Tim Smit opens Nightingale Quarter Community Garden in Derby
Sustainability champion and co-founder of Cornwall’s Eden Project – Sir Tim Smit – has launched the community garden at the £175m Nightingale Quarter in Derby city centre.
The £40,000 pilot project is a collaboration between Wavensmere Homes and Down to Earth Derby, which will be rolled out across the housebuilder’s city-wide development portfolio.
Down to Earth Derby is the Community Interest Company (CIC) behind the city’s widely-acclaimed Electric Daisy attraction. By connecting the urban community with nature-based activities and a diverse events programme, it has become a nationally recognised symbol of the ambitious regeneration and revitalisation of the burgeoning East Midlands city.
This ethos has been in play for the past six months, while an expansive community garden has been planned, landscaped and planted by residents living at the 18.5-acre redevelopment of the Derbyshire Royal Infirmary, working together with Down to Earth’s team.
The final phases of the 925 houses and apartments are under construction, with over 1,000 residents already living at Nightingale Quarter. Now also a magnet for nature and wildlife, the interactive garden and allotment space is being enjoyed and maintained by locals of all ages, including groups of school children from nearby St James’ C of E Junior School.
Sir Tim Smit, mentor to Down to Earth Derby, said: “The nature-based regeneration that’s been achieved across Derby during the past 12 months shows the potential, together with the public support and appetite for more vibrant urban spaces.
“Down to Earth launched Electric Daisy 12 months ago and has received fantastic support from local people, businesses and organisations. The team has also undertaken a number of projects to introduce interactive nature beds and green spaces to inner city schools. And now this first collaboration with a housebuilder has opened.
“Derby is becoming an outstanding symbol of regeneration, famous across Europe. As the community garden was not a planning obligation, we are very grateful to Wavensmere Homes for the investment, commitment and shared vision.
“Collaborative nature projects like this bring people together to learn about flora and fauna, and the joy that comes with growing seasonal fruit and vegetables. I am encouraging all those involved to see that the success of this pilot may ignite a national appetite for funded community gardens.”
James Dickens, Managing Director of Wavensmere Homes, said: “As with Electric Daisy, people of all ages are being brought together at Nightingale Quarter to enjoy and learn about the power of nature.
“It’s inspiring to work with the Down to Earth team and see how our residents and others from the local community are becoming impassioned with green-finger prowess. We are grateful to Sir Tim for officially opening this pioneering garden, which will lead to further projects.”
Jamie Quince-Starkey, Founder of Down to Earth CIC, said: “My mum worked at the Royal Derbyshire Infirmary, so to have the opportunity to create this special outdoor space at the Nightingale Quarter development has filled me with pride.
“James and the Wavensmere team understand the importance of purposeful living and the wellness benefits of inspiring people to be active and engaged with nature and gardening.
“This community garden has become a living test-bed, demonstrating how regular allotment meet-ups can be the catalyst to bringing a new community together, while also having a transformative impact on mental health.”
A food forest, woodland zone, clean composting area, raised planting beds, bug hotels and bird houses, are amongst the features of the Nightingale Quarter community garden.
Business park and former aircraft factory hits the market
A multi-let industrial estate in Rearsby, Leicestershire, once home to the famous Auster Aircraft, is to be openly marketed for the first time.
CBRE, the global real estate advisory firm, has been instructed to sell Rearsby Business Park on behalf of its private owner, for offers above £10.25 million.
Set on a 12.95-acre site, the estate comprises 15 fully let industrial units, totaling 155,985 sq ft and ranging in sizes from 791 sq ft to 50,047 sq ft. Tenants include East Coast Fittings, T.E.K Seating, GT Plumbing & Heating Engineers, Lewis & Hill Ltd, Metric Services (Leicester) Ltd, and K & D E Barnett & Sons Ltd.
The estate also has planning permission for a 56,400 sq ft industrial unit or alternative uses subject to planning.
The site has a rich manufacturing history. It was first home to Taylorcraft Aeroplanes (England) Ltd’s factory, where the world-famous single propeller ‘Auster’ light aircraft was designed and manufactured. More recently it was occupied by Rearsby Automotive Ltd from 1966 to 1996. Over the years it has been extensively modernised, extended and redeveloped, with the latest unit being added in 2020.
Oli Forster, senior director in CBRE’s investment properties team, said: “This is the first time the site has come to market, having been under its current ownership since the 1970s. As such, it’s a great opportunity to acquire a well-established, fully let industrial estate with strong rental income. Given the shortage of industrial land in the East Midlands, the consented site presents further opportunities to add value.
“The estate is in the heart of the East Midlands’ industrial market, which is continuing to attract high levels of investment and take-up from occupiers, with the region accounting for 29.5% of the total national logistics take-up during the first quarter of 2024 and maintaining headline rents of £9.75psf following a period of sustained growth, which CBRE forecast will continue to rise.
“Prime industrial rents in the East Midlands have remained stable, following a sustained period of growth, which CBRE forecast will continue to rise.”
Hattrick of deals sealed at EastWest Nottingham
Following the £7 million redevelopment of EastWest on Maid Marian Way in Nottingham, a further hattrick of tenants have leased more than 16,500 sq ft of office space.
An international domain registry and web hosting company has taken 5,500 sq ft of bespoke designed workspace within EastWest, signing a five-year lease. Two further deals have been agreed with audit, tax and consulting firm RSM UK taking 7,500 sq ft and Roythornes Ltd taking 3,291 sq ft on 10-year leases.
Ann Barrasso, operations director for Roythornes Limited, said: “As a firm we had been in Nottingham for several years but were ready, due to our ambitious expansion programme, to move to an office which reflected the law firm we are now, rather than the one we were some years ago.
“In addition, of course, we were keen to improve the working environment for our talented team – it’s so important that we look after our people and that staff look forward to coming in to work.
“We’re delighted to say that EastWest ticked all the boxes – it gives us a brilliant base for the firm and our staff love the building, the environment and the facilities. We’re looking forward to continuing to build our business from our new home.”
Sheetal Sanghvi, managing partner in the East Midlands at RSM UK, said: “As part of our commitment to the East Midlands region, we’re thrilled to have extended our lease at the newly refurbished EastWest offices for the next decade.
“We look forward to welcoming our team, clients and contacts to our new home very soon, where we will continue to support fantastic businesses in the city and across the region.”
Alex Goode, investment manager at CEG, added: “We’re delighted to welcome three further businesses with strong covenants to EastWest. The building has fast become a thriving business community following its comprehensive modern refurbishment.”
Mark Tomlinson, Director at FHP which is the agent on the scheme, said: “EastWest represents the ‘best in class’ office offering in Nottingham following its substantial refurbishment.
“In particular, the building offers the high-quality finishes and lifestyle aspects which are sought after by occupiers with the onsite café restaurant and a particular emphasis on the occupier experience.”
CMA launches merger inquiry over Lincolnshire timber product manufacturer’s acquisition
The Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Scanpole Limited of Calders & Grandidge (Boston) Limited.
The CMA is considering whether the merger has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the deal will result in a substantial lessening of competition.
To assist with its assessment, the CMA is inviting comments on the transaction by 10 July 2024.
Based in Boston, Lincolnshire, Calders & Grandidge is a timber supplier specialising in the manufacture of wooden utility poles and fencing posts.
Finland-headquartered Scanpole is a leading producer of wooden poles in Europe.
The CMA launched its merger inquiry on 25 June 2024, with phase 1 of its investigation having a decision deadline of 20 August 2024.
BCC pledges to work with next Government to grow the UK economy
British Chambers of Commerce Director General Shevaun Haviland will today issue a pledge to work in partnership with the next Government to grow the UK economy.
She’ll make the promise at the British Chambers of Commerce Global Annual Conference in her keynote address, when she will also urge the next Government to use the BCC’s Election Manifesto as its ‘day one’ playbook for action. It includes a focus on improving EU trade and better planning around skills.
She is expected to say: “The only factor that matters, is what the Government will do on day one – after six weeks of electioneering, businesses will be looking at the next government and who will be true to their word
“Business wants a long-term sustainable economic growth plan, some call it an industrial strategy, call it what you like, but what we need is a plan for the next 10, 15, 20 years and beyond.
“Firms don’t want handouts; they want government to create the right environment so they can thrive. Whoever wins next week, we are ready to lean in and help our new government power the economy.
“Our plan is to build an economy that has the green transition at its core, with a workforce fit for the future, living in thriving local places and powered by businesses that are globally facing and digitally enabled.
“None of this is going to be easy, none of us can do it on our own, and it’s going to take time. That means we need a real partnership, one that is for that long-term.
“We must stop walking on eggshells and start saying it how it is. The current plan isn’t working for our members. But better trade terms are possible if the UK government and the EU reach agreement in areas of mutual benefit for business on both sides. A better deal is best for everyone.
“Skills are a top concern for our members. It’s time for action to boost investment in skills. It’s not about cutting up existing plans, it’s about making sure the right initiatives are given time to work.
“The labour market is heading in the right direction, as we see the number of vacancies fall, but businesses are still telling us the skills they need aren’t there. We need to ‘Plan Better for Skills’ aligning our ambition and investment to prepare young people and job seekers for great jobs.”
Rail industry companies collaborate on graduate exchange scheme
Rolling stock manufacturer Angel Trains, with premises in Derby, has joined forces with Siemens Mobility, which makes trains at Goole in Yorkshire, to launch a graduate exchange programme aimed at enhancing collaboration and innovation in the industry.
The programme consisted of a six-week exchange between three Engineering graduates; two from Angel Trains and one from Siemens Mobility. The graduates rotated across different teams to expand their expertise and marked the end of their programme with a final presentation to key stakeholders from both organisations.
Syeda Ghufran, Director for Asset Management and Assurance for Siemens Mobility said: “At Siemens Mobility, we’ve seen that early career exchange programmes not only benefits the participants but also our organisation, as we work towards transforming the everyday journeys for people across Britain. Having completed an exchange programme as part of my own early career development, I have seen first hand the benefits of collaborating with customers and partners to share skills and best practice.”
Barry Fox, Product Manager at Angel Trains said: “Angel Trains is proud to have collaborated with Siemens Mobility through the graduate exchange programme, as we continue our commitment to the development of young engineers. The programme offers a unique opportunity for graduates to gain valuable industry insights, and most importantly, helps them develop and grow as rail professionals and individuals.”
Victoria Wright, Graduate Engineer at Siemens Mobility said: “This placement boosted my confidence, personal development, and understanding of the rail industry. During my placement at Angel Trains, I gained a comprehensive understanding of the business, working with both the fleet and product teams. I focused on energy-saving initiatives, remote monitoring, competitor analysis, and engineering change approvals. I hope to see the continued expansion of these programmes throughout the industry, as they enable young people such as myself to reach their full potential.”
Designed to empower entry-level talent, the programme aims to provide professional development opportunities for young people starting out on their career in the rail industry. With skills shortages and an ageing workforce threating the future of the rail industry, the programme is dedicated to preserving knowledge across the sector, ensuring a sustainable future for the industry as a whole. The Siemens Mobility early careers intake currently consists of 113 graduate trainees, 130 apprentices and 72 degree apprentices.
Watches of Switzerland CEO “proud” of performance “in what was undoubtedly a more challenging market”
Watches of Switzerland Group has seen a flat year for revenue, while profits have declined in challenging trading conditions.
According to results for the 52 weeks ended 28 April 2024, the luxury watch and jewellery retailer saw group revenue of just over £1.5bn, in line with results from the year prior, at reported rates, and up 2% at constant currency. The business noted that demand for its key brands continued to be strong and outstripping supply. Statutory profit before tax, however, was £92m, down from £155m. Looking ahead, Watches of Switzerland Group said: “Following the more challenging trading conditions of FY24, we are cautiously optimistic about trading in FY25.”Brian Duffy, Chief Executive Officer, said: “I am proud of the performance that our team delivered this year in what was undoubtedly a more challenging market. We cemented our position as a leading international luxury watch and jewellery retailer and delivered further market share gains in both the UK and US, driven by our proven, differentiated business model. In particular, our US business went from strength to strength, growing 11% and will soon represent half of Group sales.
“The UK market is starting to show signs of stabilisation. In FY24, UK and Europe sales were down 5% impacted by significant price increases overall at a time of reduced consumer confidence influencing discretionary spending, and we see these pressures easing in FY25.
“During the year, we continued to invest for high-quality growth across showroom projects and strategic acquisitions including the 15 Ernest Jones showrooms acquired last November, and the acquisition of Roberto Coin Inc. post year end, which dramatically accelerates our luxury branded jewellery strategy.
“We have an impressive programme of showroom developments on both sides of the Atlantic and our strongest ever pipeline of committed projects, which includes the flagship Rolex boutique on Old Bond Street, London, Audemars Piguet Townhouse in Manchester, Rolex boutique in Atlanta, Georgia and a Rolex anchored multi-brand in Plano, Texas.
“Pre-owned represents a significant opportunity for our Group, with pre-owned luxury watch sales doubling year-on-year in Q4 FY24. Within this category, the new Rolex Certified Pre-Owned programme is performing ahead of our expectations in both the US and UK and is set for further roll-out in FY25 with improved methods of supply in the UK.
“Our strategic momentum underpins our confidence in our FY25 guidance and Long Range Plan objectives of doubling sales and profit by 2028, capitalising on our leading market positions and the unique growth opportunities ahead.”
37,000 sq ft former distribution depot let in Leicestershire
On behalf of private clients, FHP Property Consultants have let a 37,302ft2 former distribution depot situated on Melbourne Road, Lount, Leicestershire.
The premises have been let to Summit Platforms Ltd on a new 10 year lease.
The site is strategically located just 2 miles from Junction 13 of the A42 with Junction 23a of the M1 only 9 miles away to the north east.
The property itself sits on a self-contained site extending to approximately 3.2 acres and comprises a single storey warehouse, a separate workshop facility and a two storey office building.
Darran Severn of FHP Property Consultants says: “I am pleased this letting has completed in what has been an excellent result for all parties. This was not a straight-forward letting and there were a number of difficulties which arose during the due diligence. Pleasingly all parties took a pragmatic approach which enabled everything to be resolved to suit both landlord and tenant.
“Given the nature of the site, there are a number of businesses who we are speaking to that have missed out on this opportunity, therefore I would be delighted to speak with any landlords who have any similar properties becoming available soon.”
Fifth annual Silverstone Soccer tournament raises charity cash
The fifth annual Silverstone Soccer charity event raised more than £3,000 for Cynthia Spencer Hospice on Sunday (23rd June).
Ten teams battled it out on pitch in the five-a-side fundraiser at Daventry Town Football Club, but it was Stonhills Estate Agents who took the much-coveted winner’s trophy.
Betchle UK were named as runners up.
The popular event, which is hosted by vehicle leasing firm Silverstone Leasing, has raised thousands of pounds for its nominated charity partner Cynthia Spencer Hospice, since its conception in 2020.
This year the grand total raised was £3,141, not just through the football tournament but also other family fun activities including a bouncy castle and Silverstone Leasing’s managing director Scott Norville’s car wash service.
Organiser of the event and Silverstone Leasing sales manager Ryan Bishop said: “This year felt more special with it being our fifth consecutive year. It was great to see so many of our teams arriving with their families so everyone could feel part of the day, whether that meant getting their car washed by Scott’s Soapy Suds or letting the kids enjoy the bouncy castles.
“The highlight of the day for me was seeing lots of teams that have played in the past come back to support us again, as well as having three new teams get involved this year.
“Silverstone Soccer isn’t just a football tournament, it is a well-regarded, community focussed, impactful charity event that we are very proud to spearhead. Thank you to our headline sponsors All Things Business, gold sponsors Acorn Analytical Services and everyone who joined in to raise such a fantastic amount of money for a very worthy charity.”
Nina Gandy, corporate partnerships fundraiser at Cynthia Spencer Hospice, said: “Silverstone Soccer once again proved to be a hugely successful event! A massive thank you to Ryan, Scott and the rest of the Silverstone Leasing team, we really appreciate your dedication, it takes a lot of hard work to organise events like this and raise a considerable amount of money.
“It was great to see teams that had previously taken part support the event once again, as well as a number of new teams too. Getting involved with events like this really does continue to make a difference by raising funds as well as spreading the word about the work of the hospice, allowing our patients to be cared for with dignity, and helping them to live every moment.”
Expert energy advice helps Bassetlaw businesses cut carbon emissions
Bassetlaw District Council is offering micro and small businesses the chance to get expert energy advice on how to cut their carbon footprint.
Businesses are being invited to apply for an energy audit, which will help them become more sustainable and could identify financial savings.
During the first year of the project, nearly 40 businesses have been audited by Mitie Plan Zero, with 16 going on to successfully apply for decarbonisation grants of up to £5k from the Council.
These grants support the costs of implementing energy efficiency and carbon reduction measures.
Matthew Hutton, Climate Change Officer at Bassetlaw District Council, said: “These Decarbonisation grants are making a real difference to businesses as they look to reduce their carbon footprint and make cost savings.
“I would encourage other businesses across the district to sign up to the energy audit to see what measures they could introduce to improve their energy efficiency.”
So far, the works have saved 14.2 tonnes of CO2 equivalent from being emitted a year – that’s the same as the average emissions of a return flight from Paris to New York for 14 passengers.
Bottle Up becomes the official sustainable bottle provider for Loughborough Sport
Bottle Up, the bottle of water “designed with the planet in mind,” has secured a new partnership with Loughborough University and Loughborough Sport. This year-long collaboration marks a significant step towards enhancing sustainability and reducing single-use plastics on campus.
As part of this initiative, Bottle Up will become the official sustainable bottle provider for Loughborough Sport. The eco-friendly bottles, crafted from sugar cane, will be distributed to athletes on performance programmes and athletic union members. This effort underscores Loughborough’s commitment to environmental stewardship and sustainability.
Andrew Eversden, co-founder of Bottle Up, said: “We are thrilled to partner with Loughborough University and Loughborough Sport. Our bottles are designed to provide a sustainable alternative to single-use plastics, and we are excited to support Loughborough’s athletes and students in their journey towards a greener future.”
The bottles will not only be available to athletes but will also be sold in university retail outlets across the campus. Each bottle comes pre-filled with water and has a lifespan of up to three years.
By incorporating Bottle Up’s products, Loughborough University aims to further its mission of reducing environmental impact and fostering a culture of sustainability among its community.
Elliot Brown, Sustainability Manager at Loughborough University, said: “Sustainability is at the core of our values, and our partnership with Bottle Up exemplifies this commitment.
“By adopting its innovative, eco-friendly bottled solutions, we are actively reducing our collective environmental impact and promoting sustainable practices within our sports community and beyond. We are proud to support our athletes with sustainable choices that inspire positive change across campus.”
Revenue makes records as profits dip at Marks Electrical Group
Profits have dropped at Leicester online electrical retailer, Marks Electrical Group, in spite of record revenue.
According to full year audited results for the 12 months ended 31 March 2024 (FY24), pre-tax profits declined to £616,000 from £6.4m in the year prior.
This was primarily due to lower trading profitability as well as the impact of the costs incurred to replace the business’s legacy enterprise resourcing planning system with Microsoft Dynamics 365. Revenue, however, was up 16.9% year on year, at £114.3m (FY23: £97.8m), doubling the revenue Marks Electrical achieved in the year prior to listing (FY21: £56m).The firm noted it has “optimism for the year ahead,” following a strong trading performance in April, May and June, with double-digit revenue growth and momentum starting to pick-up following a weaker January to March trading period.
Mark Smithson, Chief Executive Officer, said: “During what was a more challenging year for the Group, in an environment where consumers remained highly price-conscious, we continued to make good strategic progress across multiple fronts as a business. I am proud of the ongoing commitment and dedication of our entire team of customer-focused colleagues.
“Over the past year we invested in our operations and systems to position the business for long-term success, navigated a trade-down in customer buying preferences, managed the inflation increases impacting our cost base and continued to make a profit.
“Having doubled revenue since IPO, we’ve also managed to grow our market share profitably, and thanks to our disciplined approach to capital allocation, we’ve consistently returned a dividend to our shareholders, whilst retaining a net cash position. Our strategy and approach leaves us very well positioned for a market recovery when it occurs.
“Our relentless focus on operational excellence and customer service has enabled us to continue to gain share in a very competitive market, growing our share from 2.5% to 2.8% of the overall Major Domestic Appliances (“MDA”) market and from 4.7% to 5.3% in the online segment, with huge opportunities ahead, both in MDA and in other segments of Consumer Electronics and Small Domestic Appliances.
“Whilst I continue to be personally frustrated about our margin progression during the year, I remain confident in our long-term growth prospects, and continue to be impressed by our ability to deliver market share gains profitably, against a fiercely competitive backdrop, whilst maintaining the highest levels of customer service standards in the industry.
“The first three months of FY25 have been encouraging and we have been pleased to see a return to double-digit growth during the period, providing us with a robust platform to continue driving profitable market share gains, and ultimately enabling the Group to deliver long-term value creation and become the UK’s leading premium electrical retailer.”
East Midlands businesses to attend Corporate and Social Responsibility summit
Charities and businesses in the East Midlands are set to come together to look at the benefits of an effective Corporate and Social Responsibility strategy at East Midlands Chamber’s 2024 CSR summit at the University of Derby on 11 July.
Produced in partnership with the University of Derby, Ideagen, Futures Housing Group and Foundation Derbyshire, the summit will stage a series of inspirational talks, workshops and seminars aimed at showcasing best practice and helping businesses build strong relationships with community organisations and charities.
The summit draws on two of the Chamber’s business goals – to be an ‘architect of change’ in the local business community and to champion responsible business in the region.
East Midlands Chamber Director of Policy and Insight Richard Blackmore said: “In recent years our Chamber has been putting a greater emphasis on the work it does within our community – not at the expense of the overall business support that we offer, but as added value.
“That’s exactly the same thing that we are seeing with the businesses we work with and support – that Corporate and Social Responsibility is becoming ever more central to their aims and objectives.
“It comes down to the fact that helping society, community and the environment ultimately benefits the economy and makes our region a better place to live and work in. The annual summit in Derby will be an excellent way of finding out more about how your business can build its CSR profile and hear from some of the charities and networks which are looking for help.”
100,000 sq ft unit achieves practical completion at Fairham Business Park
Fairham Business Park’s developers are celebrating another practical completion as Unit A is handed over to the occupier.
Works begun at Plot A4, Fairham Business Park in October 2023. Nine months later the 100,000 sq ft unit has been built by lead contractor, TanRo and handed over to the occupier.
The unit is located next to the stand-alone units totalling 260,000 sq ft purchased by international property investment and asset management company Hines and a 100,600 sq ft bespoke building for a local company who will be moving into their premises next year.
The brand-new purpose-built premises comprises of a 95,379 sq ft warehouse with 12,292 sq ft office and welfare space over three storeys, situated at the front of the building.
There are 84 car parking spaces at the front of property with ten electric vehicle (EV) charging bays. There will also be a large service yard to the rear with ten dock levellers and four level access to meet the needs of the occupier. Clowes Developments will be providing a fully photovoltaic (PV) ready frame.
James Richards, director at Clowes Developments, said: “Nine months after works began on site and we’re now handing over to our client, who will be formally identified in the next few weeks. It’s testament to our professional delivery team who can perform to such a high standard and according to a tight schedule. It is fantastic to see the ongoing development of Fairham Business Park, as one completes, another ramps up on plot A2.”
As the occupiers of A2 sign the deal for a bespoke 100,600 sq ft unit, ground works have already been concluded and steel frames are due to be erected in the coming weeks. In total, this will mean over 600,000 sq ft of industrial, warehouse, distribution and manufacturing space has been snapped up at Fairham Business Park, with further announcements expected in due course.
Tim Gilbertson, director at FHP Property Consultants, added: “High demand for commercial units at Fairham says something about the transport links of Fairham Business Park and it’s positioning outside of Nottingham’s workplace parking levy. We are excited to market phase two of the business park, where potential occupiers can make use of more varied commercial opportunities such as office, trade counter or retail schemes.”
