Why financial planning is pivotal in today’s economy: by Karen Sheldon, Director of Sheldon Flanders Financial Services Ltd

Karen Sheldon, Director of Sheldon Flanders Financial Services Ltd, the financial advisory firm based in Derby, speaks on why financial planning is pivotal in today’s economy. I love the following sayings…’Fail to plan, plan to fail!’ ‘If you don’t know where you are going how can you ever get there?’ Whilst not specifically related to financial planning, this is so true of financial planning and in my view is essential, especially in today’s society. Most life journeys do not continue in a straight line. There are usually twists and turns and bumps along the way and without financial planning you could face difficult times. Financial planning ensures you can plan your journey and if life events get in the way you can adapt. Financial planning is even more necessary in today’s world. I know every decade has had its challenges, and I’m aware that there hasn’t been such a thing as a “job for life” in a very long time. However, I don’t think I have ever experienced what feels like a constant barrage of challenges and issues affecting markets, issues affecting employment and uncertainty in the economy on such a regular basis, which has in my opinion exacerbated the need for strategic financial planning. I don’t see these challenges ending any time soon. The world is changing rapidly, new markets are opening up, the employment arena looks vastly different and will only keep changing, and the economy is uncertain. The one thing I absolutely stress though, is whilst we do not know what is ahead of us, we do know what planning tools are available today, and whilst these may change in the future, the benefits of planning today will never change. When I decided to set up my firm in 2008 I set out to make an impact and give back to the community as well as work around my children and I haven’t looked back since. At Sheldon Flanders Financial Services Ltd, we specialise in pensions and wealth management and I in particular deal with high net worths for this and with group pensions for companies. As a firm we are on a mission to make sure financial planning is available to all, irrespective of wealth, in a sustainable way. I am looking to grow our team to include advisers that are available to offer advice to those who would at times feel financial advice isn’t available to them. I am also looking to develop an application that will be available to all to help as well in those vital decisions, effectively ensuring we can provide financial planning solutions for all who require it.

Go-ahead given to Rolls-Royce Raynesway site expansion

The green light has been given to Rolls-Royce’s plans to significantly expand its Submarines site in Derby to meet the growth in demand from the Royal Navy, and as a result of last year’s AUKUS announcement. In March 2023 it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US. This increase in demand will see new manufacturing and office facilities being built at the Raynesway site, alongside a multi-storey carpark, and will create 1,170 skilled roles across a range of disciplines, including manufacturing and engineering. The proposal includes the demolition of five buildings and the construction of 10. Rolls-Royce Submarines currently employs more than 4,500 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Hire a drone operator in the East Midlands

Drone videos are all the rage right now and it might be time to invest in a drone video to help captivate potential customers and promote your business online. Glowfrog provide CAA registered and fully insured drone pilots to capture footage for businesses throughout the Midlands and can even provide drone filming free of charge when included within a wider scope video production project, or be hired for entirely drone-based projects. Here is a sample of some of the footage they have captured in Derby and Nottingham:    If this is an option you would like to explore, be sure to visit the link below for more information. ->  www.glowfrogvideo.com/drone-video-production 

Former Government business champion takes helm at Loughborough Town Deal

A former Government business champion has been appointed as chair of the Loughborough Town Deal Board. Martin Traynor OBE is a former consultant and Group Chief Executive of the Leicestershire Chamber of Commerce and spent many years in the hospitality sector. More recently Martin has been a Small Business Crown Representative for the Cabinet office, helping to improve relations between Government and businesses. He now chairs the Town Deal board responsible for working with 11 projects which are delivering over £40 million of investment into the area, boosting skills, regenerating the town and supporting the visitor economy. Martin has been on the board since its inception and was appointed as chair at the March meeting, replacing Dr Nik Kotecha OBE DL. Martin said: “I am honoured to be appointed as the chair of Loughborough Town Deal Board. “The Town Deal has already delivered almost £15 million of investment into the area and several projects have been completed including the creation of the Careers and Enterprise Hub, improvements to the canal side, a significant town centre regeneration scheme and support for the visitor economy. “There is much more on the way, and I am determined to support the remaining Town Deal projects through to their completion. They will leave a significant legacy for Loughborough.” Local businessman Charles Bentley has also joined the Town Deal board. Charles is managing director of Loughborough-based Charles Bentley which provides a wide range of products for the home and garden. The company was founded in 1860. Charles said: “I am extremely pleased to join the board and look forward to working with fellow board members and officers to help drive forward this exciting investment for the town.” Loughborough Town Deal secured £16.9 million from the Government’s Towns Fund and is backing 11 projects in total. Other Town Deal projects already completed include the creation of SportPark Pavilion 4 at Loughborough University which is part of the Healthy and Innovative Loughborough project. Several elements of the Living Loughborough project are also up and running including the expansion of free wi-fi in the town centre, an augmented reality heritage trail and free business support for local businesses. More elements of this scheme are being developed. Other projects include work to save the last major Bell Foundry in Britain – John Taylor & Co; the Lanes and Links scheme which will better link the town centre and Queen’s Park and see the creation of a place to mark the impact of Covid on the community; a Digital Skills Hub at Loughborough College; the creation of the Generator, a creative arts and culture hub; support for Great Central Railway; and support for a flood scheme for Loughborough’s Wood Brook. The Town Deal Board involves representatives from Charnwood Borough Council, Loughborough University, Loughborough College, Love Loughborough, Leicestershire County Council, the Leicester and Leicestershire Enterprise Partnership, Charnwood Together Economy and Skills Group, local businesses and Loughborough MP Jane Hunt.

Plans for Derby theatres to move forward

Plans to restore Derby’s Guildhall Theatre and enhance Derby Theatre are set to move forward this week, as part of a major investment putting culture at the heart of the city. Derby City Council’s Cabinet will agree terms for use of £20 million Government Levelling Up Funding allocated to Derby. The funding will be split evenly between the Guildhall Theatre and Derby Theatre. Combined the two projects will generate an additional £2.7m per year for the local economy. A partnership agreement has been drawn up by the two organisations to agree details of how the funding will be spent, with the Council’s Cabinet set to agree the terms of the agreement this week. The £10m allocated to the Guildhall Theatre will contribute to the restoration of the Grade II listed building to its former glory and once again welcome audiences. Restoration plans for the Guildhall Theatre will include a new front of house experience with enhanced foyer as well as a new ground floor cafe and box office opening onto the Market Place. The auditorium will also be remodelled to increase the seating capacity to around 280. Back of house facilities will also be renovated to make the venue more accessible, other improvements include refurbished dressing rooms and the installation of a new service lift.  A new courtyard will also be included in the works, adjacent to Derby’s historic Market Hall, which is due to re-open in the spring of 2025 following major renovations. Councillor Nadine Peatfield, Deputy Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Culture and Tourism, said: “By bringing the Guildhall Theatre back into use, we can not only restore one of our historic buildings but create more space for community-led arts groups to perform right in Derby’s cultural heart. “We’re on a mission to put culture at the heart of our city, bringing pride to our high streets, and attracting further investment into the city. Change is coming and what is planned for Derby’s Market Place is truly exciting.” Derby Theatre’s £10 million allocation will enable the Theatre and the University of Derby to complete phase one of its New Horizons project, delivering a state-of-the-art new accessible studio theatre and Learning and Research Hub. The Learning and Research Hub will allow the Theatre and University to develop further the undergraduate and postgraduate offer onsite in a professional theatre continuing to make the most of and enhance the unique connection between students, professional artists, participants and audiences. Sarah Brigham, Artistic Director and CEO, Derby Theatre, said: “These are exciting times for Derby Theatre as we continue to trailblaze new ways of training the next generation of professionals and creating high quality theatre for our communities. We are known for working directly with people from all backgrounds to release their creativity and this first phase of expansion on our current site will allow us to do even more of that. “I’m excited that as we approach our 50th birthday we are adding a new auditorium to the site and our longer term plans will see a refreshed front of house and backstage facilities.” The Guildhall restoration works are currently planned to begin on site in summer 2025 and be completed in late 2027. The Guildhall already needed £10m of repairs to prevent the building falling into disrepair. In total the extensive restoration is expected to cost £24.55 million, which will be funded by a combination of the £10 million from the Levelling Up Funding and £14.55 million from the Council’s capital budget. Work will also be carried out at 30 and 31 Market Place, which adjoin the Guildhall, allowing them to be brought back into use and contribute to the city.

Construction starts on Phase Two of Leicestershire business park

Construction has begun on Phase Two of Beauchamp Business Park, a new commercial development in Kibworth, Leicestershire. Due to the strength of demand for units at the site, construction of Phase Two has started earlier than originally planned.

Beauchamp Business Park is being brought forward by Clowes Developments and its team including IMA Architects, TanRo, Millward Consulting Engineers, Gateley’s Legal and Postins Project Services. Philips Sutton and TDBRE have been instructed as agents on the scheme.

Planning permission for Phase Two was granted by Harborough District Council in December 2023. The second phase will see the creation of two additional terraces and a self-contained detached unit to be used for B1 and B2 use class. Completion is expected in late 2024.

When complete, Beauchamp Business Park will feature a series of freehold and leasehold industrial units ranging from 1,270 sq ft to 10,085 sq ft.

Construction of the first phase of the development began in September 2023. Due to the demand for units from local business owners and investors, the construction of Phase Two has started earlier than originally planned. 80% of the units on Phase One were sold or under offer within two months of being made available for enquiries, and there is similar interest in Phase Two, with Unit E already under offer.

Clowes Developments have retained IMA Architects who are providing all architectural services and acting as Principal Designer on the scheme.

Ben Hall, director at IMA Architects, says: “The popularity of the site demonstrates the need for quality, well located industrial space in the local area. Phase Two was originally planned to begin in the summer, but due to the demand it was decided that the construction teams could remain on site and push on with the next phase.

“My colleagues and I are proud to be working with Clowes Developments to deliver another site that will bring economic growth and employment opportunities to Leicestershire.”

Kevin Webster, associate director at Clowes Developments, adds: “Groundworks have begun on the second phase, and we are hopeful that the whole site will be finished ahead of schedule. I am already looking forward to the occupiers moving into the units and seeing Beauchamp Business Park really come to life.”

Letting sees new use for former restaurant

A 2,105 sq ft former restaurant in Burton has been let to T J Parry Independent Funeral Directors. The premises have been taken ‘back to the bricks’ and completely re-furbished and re-decorated to create a purpose-built Funeral Home, which is prominently located on the prestigious Anson Court Development at 188/189 Horninglow St. T J Parry & Family Funeral Directors Ltd was conceived by founder Timothy Parry and opened in Station St, Burton in 2018. Tim grew up in Burton upon Trent and following family bereavement to himself, started working in the funeral industry at Bretby Crematorium as a 14-year-old. He continued working his way ‘up the ladder’ at two Funeral Directors and continued to gain valuable experience working alongside many others during his employment. After achieving industry recognised qualifications, Tim decided to set up his own company to provide a trusted, independent service that truly cares for the local communities. Tim said: “We have always provided the highest levels of professionalism, care, dignity, and respect to our clients which we have become well known for and this has resulted in us needing to relocate to larger premises. “We chose the new location as it offers a beautiful and prominent setting for our business. The building is full of character and provides a real charm inside and out now, and following the refurbishment works carried out, offers the most perfect of Funeral Homes. Our new premises provide more quality space for our families and further deceased care facilities. “This move has enabled us to create a calm and comfortable space for grieving families, whilst continuing to provide the highest standards of care for our clients. The additional space also allows for more staff to join our family, as part of our natural growth.” Salloway commercial agency surveyor, Simon Walker said: “I am absolutely delighted to have helped Tim with his relocation to these larger premises, having been initially involved with finding him a suitable commercial property and concluding the letting when he started his own business over 5 years ago. “His relocation to the award-winning Anson Court Development on Horninglow St, Burton provides much needed expansion space for his business, and he has transformed the premises completely to provide a truly high quality feel Funeral Home.”

Information management specialists secure Markham Vale warehouse

Devonshire Property Group, part of the portfolio of Devonshire Group businesses, has let its 102,515 sq ft Markham Vale warehouse following the agreement of a new letting to digital and information management specialists, Restore Records Management. Restore Records Management has agreed to take the unit on a long-term lease. The move is part of a consolidation of properties, as it looks to move into newer, more efficient buildings. Restore expects to be operational at the new site later this Spring. Andrew Byrne, Property Development Director at Devonshire Property Group, said: “Letting our property at Markham Vale is not only a really positive milestone for the scheme, but a testament to the site’s proposition and the quality of space on offer. “Alongside Derbyshire County Council and HBD, we’re fully committed to ensuring that the site continues to generate value and quality job opportunities for the surrounding communities. Bringing another strong business in Restore Records Management to the site is part of our work to fulfil that promise.” Nigel Dews, Managing Director at Restore Records Management, said: “The entire facility, will be able to accommodate a staggering 1.4 million boxes, making it one of the biggest sites in our portfolio. We look forward to taking management of the site in the forthcoming weeks.” The agents representing The Devonshire Group were Rebecca Schofield at Knight Frank and Stuart Waite, of CPP. Restore were represented by Cameron Frazer of Berrys.

Beat The Streets raises £81k to save vital frontline services for rough sleepers

Beat The Streets has announced the total raised from this year’s festival is a huge £81,600, thanks to the thousands of people, artists and those behind the scenes coming together for a day of live music in January.

All the money raised by DHP Family’s festival will go to support the vital work carried out by the Nottingham based charity Framework to help the growing number of rough sleepers in the city.

A cheque for the 2024 total was handed over by DHP Family MD George Akins to Framework’s Deputy Chief Executive Claire McGonigle this week. In return, the charity presented DHP Family with a commemorative platinum disc in recognition of the fundraising achievement and the company’s ongoing commitment to raising vital funds each year.

This year, the money from Beat The Streets will secure around a quarter of the jobs in the charity’s Street Outreach team, which were at risk due to cuts in Nottingham City Council funding. The Outreach team take to the streets every morning to engage with the growing numbers of rough sleepers, and are at the forefront of the charity’s work aimed at ending homelessness.

In the year to December 2023 the Nottingham Street Outreach team identified and worked with 869 known people sleeping rough in Nottingham, a 19 percent year-on-year increase. Having gained the confidence of someone sleeping rough, team members help the rough sleeper to find accommodation, and work to identify their support needs and employment options.

Working with this highly transient population of rough sleepers, the team also engaged with roughly 800 additional individuals who could not be definitively identified.

Framework’s Chief Executive Andrew Redfern said: “Each year the money raised at Beat the Streets plays a vital part in maintaining support for rough sleepers in Nottingham and we continue to be very grateful for this outstandingly generous assistance.

“In 2023 the funds raised enabled the construction of purpose-built accommodation for rough sleepers and we look forward to celebrating the opening of these new flats in a few weeks.

“The level of rough sleeping continues to rise relentlessly. Funds raised at the 2024 festival back in January will help us maintain the outreach team who work with people on the streets of Nottingham every day of the year. Three posts are at risk due to cuts in City Council funding and Beat the Streets funding will cover a large part of the cost.”

The live music company’s charitable music festival Beat The Streets was launched in 2018 and has now raised a grand total of £490,600 for Framework as well as shining a spotlight on the homelessness crisis. The charity works to turn around the lives of people who are homeless or at risk of homelessness across the East Midlands, providing housing, health, employment support, and care services to people with a diverse range of needs.

Every venue was packed out on Sunday 28 January to enjoy a full day of live music showcasing more than 50 homegrown artists along with special guest Beans on Toast. The talent on display blew away audiences at Rock City, Rescue Rooms, Bodega and Rough Trade with all proceeds from tickets, bar and merch going directly to Framework.

George Akins, MD, DHP Family, said: “Everyone at DHP is very proud of the funds raised from this year’s Beat The Streets. After working hard to deliver a wonderful day of live music, it’s always great to see our total and hand it over to Framework.

“The funds raised each year at our event make a tangible difference to the lives of homeless people in the area, and thanks to everyone who attended, performed at, and worked on our 2024 event, we’ve been able to make another significant contribution to the hard work that Framework do, at a particularly vital time.”

The funds raised by Beat The Streets in previous years have gone towards keeping Sneinton Hermitage shelter open all year round; accommodating more than 60 high risk service users; employing two full time mental health workers and helping to open Mechanics House, which provides accommodation and resettlement support.

Beat The Streets is delivered by DHP Family in collaboration with local organisations and music groups including I’m Not from London; Farmyard Records; Hockley Hustle, and Rough Trade.

Retailers record six months of negative sales

Total in-store and online sales fell -2.2% in March, marking the sixth consecutive month of negative sales results, according to new data from BDO’s High Street Sales Tracker. The last six months marks the longest consecutive period of negative growth outside of the COVID-19 pandemic. BDO’s data, which looks at sales across discretionary spend categories, highlighted that in-store sales were negative for the fourth month in a row (-1.8%) and pulled down by sharp falls in both fashion and homewares sales. Non-store sales were also negative (-2.3%), following three successive months of positive results. Sophie Michael, Head of Retail and Wholesale at BDO, said: “These results continue to paint a bleak picture for retailers. Despite both the Easter bank holiday weekend and Mother’s Day falling in March this year, these results serve as a stark reminder of the pressure the sector is under.” Fashion was the only non-store category to see positive results in March but the growth of 1.5% failed to offset the negative in-store sales, which declined by -6.0%. The homeware sector also performed poorly, falling by -10.9%, the lowest monthly result for this category since May 2022. The lifestyle sector performed slightly better, with sales up +0.9% compared to the same month last year. Sophie continued: “Going into April, retailers will see their costs rise even higher with the uplift in the national minimum wage and increased business rates leaving very little room to spend on investment, promotions or other ways of encouraging consumer spending. “Elsewhere, there are reports that order levels fell in March and are expected to fall further in April, showing no signs of appetite for consumers to increase discretionary spend. Retailers will be fixated on managing their cost base to ride out what continues to be a challenging trading period, with no notable recovery on the horizon just yet.”

Tech firm distributes 1,600 bamboo cups to Derby charities so they can enjoy a brew or two

A Derby firm has helped spread the message about saving the planet by handing out 1,600 bamboo-fibre cups to local charities and organisations.  

Family-owned Barron McCann, which provides IT services to customers throughout the UK and Europe, handed out the eco-friendly cups to YMCA Derbyshire, Treetops Hospice, Derby County Community Trust, Derby Women’s Centre and Bridge The Gap C.I.C so that they can enjoy a hot drink and know that they are doing their bit for the planet.  

Barron McCann were gifted the mugs – created by British homeware and gifting company Milly Green – by Hampshire-based Cable Talk, which is part of the Barron McCann group of companies. 

Each mug is made from 100% bamboo and is fully recyclable.  

Lucy Laughton, Barron McCann’s business support and social values co-ordinator, delivered the mugs to the five charitable organisations. She said: “We were lucky to receive this kind donation from our friends at Cable Talk and chose local charities and organisations who we felt were deserving of the mugs.  

“The mugs are made from recycled, reusable resources – even the lid is bamboo, so there is no plastic after taste. 

“We all know the benefits of a cuppa and a chat, and I hope that the charities will be able to enjoy drinking from the Milly Green mugs.” 

Paul Taylor is YMCA Derbyshire’s Community Relationship Co-Ordinator. 

He said: “We are extremely grateful to Barron McCann for this kind donation. We will be able to use the mugs to bring a smile to participants of the various projects we run here at the YMCA.  

“Our Health & Wellbeing team will be able to use the mugs for their sessions and I know that they will be most welcome down at our Wilmorton Community Gardens.” 

Glowfrog wins for 4th year running

In receipt of a ThreeBestRated® Excellence Award, for the fourth year in a row, is Glowfrog Video Production based in Derby. Following a year which involved working with the likes of Mercedes-Benz, Marks & Spencer and the University of Derby, Glowfrog have now earned another ThreeBestRated® Excellence award for 2024. Glowfrog produce premium-grade business videos and specialise in corporate video production. Helping businesses to make an impact and attract new customers with effective video marketing, Glowfrog offer an award-winning complete video production service and have more than satisfied the video advertising needs of a vast range of clients from different industries.   Make professional video production a part of your marketing strategy this year and book a free consultation on the link below.  Website: www.glowfrogvideo.com Email: hello@glowfrogvideo.com Phone: 01332 492 465

Motorpoint Group hails strong and profitable Q4 performance

Motorpoint Group, the independent omnichannel vehicle retailer, has hailed a strong and profitable Q4 performance in a trading update for the quarter ended 31 March 2024, with retail volume up 9% year on year and continued margin recovery.

As a result, January, February and March were all profitable months.

The Derby-based firm noted that loss before tax for the full year is thus anticipated to be at the “favourable end” of management expectations.

Consumer demand has picked up, the company shared, with Motorpoint benefitting from enhancements made to its digital presence which is generating strong website traffic.

Motorpoint also highlighted a robust balance sheet with no structural debt and £9m of cash.

The business has initiated a share buyback to repurchase and cancel up to 5m shares, with 220,255 repurchased as at 31 March 2024.  

Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “I am delighted that the difficult conditions experienced in 2023 have eased in Q4 and, combined with our focus on driving operational excellence through a programme we call Brilliant Basics, has meant that Q4 was characterised by consistent profitability.

“We are achieving growth, increasing stock turn and improving margins, and this is expected to continue into FY25 as supply improves following recent new car registration growth. I am therefore optimistic for FY25 and look forward to Motorpoint making the most of the growth opportunities ahead.”

Great British Car Journey snaps up AROnline

Great British Car Journey, the Derbyshire interactive classic car museum, has acquired the AROnline website from its founder Keith Adams.

AROnline was established in 2001 by Keith and has grown to become a key resource for fans of British motoring history, boasting nearly 6,000 published articles.

Richard Usher, founder of the museum which is based in Ambergate, Derbyshire, said: “As a classic car authority and renowned journalist, Keith was a terrific help to us four years ago when we were putting Great British Car Journey together. He has been a stalwart supporter of our vision.

“AROnline is a ready-made archive of the history behind the majority of our exhibits, and it is a site I have been visiting for more years than I care to admit. It made absolute sense to acquire the site and give our visitors and club members access to even more of the UK’s very rich automotive history.”

Keith Adams said: “I am delighted that the future of AROnline has been secured and I am pleased to be able to retain control of the past and future content by working with Richard and his team.

“There are no plans to change the website in any material way or introduce any form of subscription charge. It has always been a free resource and the intention is that it stays that way.”

The acquisition of AROnline follows the Autocar deal in 2022, which saw Great British Car Journey secure an agreement to reproduce articles and artwork from the 125-year Autocar magazine archive.

Richard added: “We want Great British Car Journey to become recognised as the authority and place to go for all British motoring history, whether that’s viewing cars, driving them, hanging pictures of them on their wall or, now, reading about them at AROnline.”

Great British Car Journey opened in May 2021 and is a celebration of cars built in Britain. Richard, a lifelong car enthusiast and being born in Birmingham, has a natural affinity with cars built in the Midlands and beyond.

Keith has been similarly car obsessed from a very early age and has had a long journalistic career during which he has written articles for all the leading classic car magazines and is currently editor of Parker’s Guide.

Between them, Richard and Keith have owned more than 500 cars and have an abiding interest in the cars that gave the ordinary family the freedom of the road.

Property & Business Investment Lincolnshire 2024: A Resounding Success

On March 20th, 2024, Lincolnshire experienced a remarkable convergence of visionaries, investors, and innovators at the Property & Business Investment Lincolnshire Expo. The occasion served as a beacon of opportunity, showcasing the region’s potential for growth, development, and prosperity. The day kicked off with an exhibitor breakfast that set the tone for all of the exceptional business opportunities awaiting attendees. Networking over a breakfast roll, exhibitors laid the groundwork for fruitful partnerships and collaborations. One of the highlights of the event was the informative Netzero update by Lee Marshall of Viridis. Lee’s insights into sustainable practices and their integration into business operations left attendees inspired and equipped with the knowledge to navigate the evolving landscape of environmental responsibility. It underscored Lincolnshire’s commitment to sustainability and its pivotal role in shaping future business endeavours. The fast-paced and fun speed networking session with Lincoln Business Club provided a unique opportunity for participants to expand their networks and forge meaningful connections in a dynamic environment. Additionally, attendees had the privilege of accessing the Lincolnshire Chamber of Commerce March Construction & Property Network free of charge, further enriching their experience and providing valuable insights into the latest trends and developments in the industry. It exemplified the event’s commitment to providing attendees with unparalleled opportunities for learning and professional development. The Property & Business Investment Lincolnshire event would not have been possible without the steadfast support of Team Lincolnshire & Invest East Midlands, whose continued sponsorship ensured the event’s success. Their unwavering commitment to promoting business excellence and economic growth in the region is commendable and deserves recognition. As we reflect on the success of the Property & Business Investment Lincolnshire Expo, be sure to add to your diary the big East Midlands Expo on November 11th, 2024, held at EMCC, Nottingham. Exhibitor space bookings are now open, and we encourage you to secure your spot early to avoid missing out on preferred position. This is a fantastic opportunity to connect, collaborate, and strengthen relationships within the Property, Construction, Investment, Financial & B2B environment. For further information visit https://businessshowsgroup.co.uk/nottingham/ or email office@businessshowsgroup.co.uk

Fresh phase of development completes at major logistics and distribution park

Magna Park South in Lutterworth has reached completion, ending a five-year period of activity, which has seen GLP speculatively develop 2.9m sq ft across eleven buildings over three phases. The first phase units (MPS 1, 2, 3 & 4) were successfully leased to Amazon, Whistl, Movianto and JD.com. GLP then developed MPS 5, 6, 7 & 8, providing a further 1m sq ft. The fresh completion of units MPS 9, MPS 10 and MPS 11 which are 388,000, 136,000, and 119,000 sq ft respectively, bring to the market a combined footprint of almost 645,000 sq ft of Grade A, sustainable logistics buildings. Throughout the development of Magna Park Lutterworth, GLP has sought to achieve high environmental standards. MPS 10 and MPS 11 have already achieved BREEAM Excellent ratings. MPS 9 meanwhile is striving for an Outstanding rating. Bruce Topley, Managing Director at GLP, said: “The completion of Magna Park South is a major milestone for us. The park contains some of the most environmentally responsible warehouses in the country, affirming our commitment to maintaining the highest sustainability credentials. “The combination of state-of-the-art facilities, a prime location, and an enviable list of existing and prospective tenants positions Magna Park South for continued long-term success.”

New grants for high street businesses in Rushcliffe

A new grant scheme from Rushcliffe Borough Council (RBC) is now offering grants of up to £5,000 for small high street businesses in Rushcliffe, to help boost their trade by improving their energy efficiency, digital offer or shopfronts. Supported by Shared Prosperity Funding from the UK Government, the High Street Small Business Grants can support up to 70% of the cost of projects up to a maximum of £5,000 to further assist those currently trading on local high streets and town centres. Funding is available for businesses, particularly from the retail, hospitality and leisure sectors, to help support and sustain existing businesses on the high street, improve the appearance of existing premises on the high street and encourage businesses to introduce energy saving measures. Energy efficiency activities include funding for the installation of small-scale measures to reduce energy consumption and costs, for example, LED lighting, improved insulation and upgrades to modern electronic thermostats. Funding for digital support that will enable improved productivity or efficiency in the business can include, the purchase of specialist equipment and support for growing and improving their digital footprint. Examples of shopfront improvements to enhance the visual appearance of the high street can include, restoration or repair work, replacement of shop front signage, windows or doors and appropriate lighting. The grants launched on April 1 and will close once all the funding is allocated. All grants awarded must be claimed before March 2025.

Businesses provide music to the ears of Brookfield students

A team of local businesses have pooled their resources to put an end to crackles and feedback by replacing Brookfield’s old microphones and speakers with a state-of-the-art sound system. The PFA, headed by Greg Campbell, explains more: “As a group of Brookfield parents, we come together a few times each term and raise money for the school. When the opportunity arose to match the school’s funding budget for a new sound system, we were quick to accept the challenge. “Having the support of Palfreymans from Chatsworth Road, Specsavers Chesterfield, Validate consulting and Londis all pull together has been a brilliant team effort.” Keith Hirst, Headteacher, said: “We are very lucky to have such a dedicated and hard-working parent association. The BPFA [Brookfield Parent and Friends Association] work tirelessly throughout the year to raise funds to support students at Brookfield. “The new sound system is something that will benefit the whole school community and I am very grateful for the support of the BPFA, along with local businesses – Specsavers, Londis, Validate and Palfreyman’s – in helping to provide this system.” Validate Consulting made a substantial financial contribution towards the equipment. “We have been enjoying performances at Brookfield for many years and it has been a pleasure to be able to support the school in this way,” said Damien Eaves, Managing Director of Validate. “We hope that the equipment will be useful to the school for many years to come.” Representatives from all the local business were treated to a VIP experience at the performance of the Little Mermaid at Brookfield Community School, which ran the week before the half-term break.

Abandoning second class post is too much for small firms to bear, says FSB

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Doing away with second class postage is a step too far, Royal Mail is being told by the Federation of Small Businesses (FSB). The FSB says keeping six-day-a-week service for first class letters is a good step, bulk mail delay from two to three days is a difficult but sensible decision, but second class proposals should be revised.
Policy Chair Tina McKenzie said: “Taking the axe to daily deliveries for second class would be a drastic cut which would hit the many small businesses which rely on it, and will in all probability leave some with no choice but to fork out for first class. “However, Royal Mail’s concession to retain a six-day-a-week service for first class letters is a good step in the right direction, compared to its original dire proposal – voiced via Ofcom – to torpedo daily deliveries altogether. The Government rightfully said it was committed to keeping the six-day service as it is, and that is something that would have required legislation to change. “We do recognise that savings need to be made, therefore the idea that bulk business mail, like bills and statements, will arrive within three working days instead of two is a difficult but sensible way to make savings without causing an enormous amount of disruption. “It’s good that Royal Mail has listened to us on some parts of its consultation response. We hope that Ofcom will reflect on the detrimental impact of diminishing six-day-a-week deliveries, and remind itself that its role is to protect consumers rather than be a cheerleader for service cuts by an organisation it’s supposed to regulate.”

Harborough district’s biggest solar farm approved

A solar farm, which will be the largest in the Harborough district, will be created in Wistow after approval by Harborough District Council’s Planning Committee.
The installation of 103,000 solar panels at Wistow Lodge Farm off Fleckney Road will power 13,465 properties annually – around 30% of Harborough district’s homes – helping to tackle climate change. In addition, the solar farm will have a planned lifespan of around 40 years and a maximum capacity of 49.99 megawatts making a substantial contribution to renewable energy generation levels. After 40 years, the site will be decommissioned and returned to its agricultural use. Landscape enhancements and ecological mitigation such as hedgerow and tree planting and grassland enhancement will also be implemented at the site to minimise any impact of the development.