University of Leicester-led training centre to fuse AI into metals industry

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University of Leicester-led training centre to fuse AI into metals industry
A new training centre at the University of Leicester aims to boost the metals industry with the skills in data and artificial intelligence to take on the global competition of the future. The new £18 million Centre for Doctoral Training (CDT) in Digital Transformation of Metals Industry (DigitalMetal) has been funded by the Engineering and Physical Sciences Research Council (EPSRC), who announced £7m funding, five partner universities (Birmingham, Leicester, Loughborough, Nottingham and Warwick) and industry. It’s part of the UK’s biggest-ever investment in engineering and physical sciences doctoral skills, totalling more than £1 billion, announced by Science, Innovation and Technology Secretary Michelle Donelan. 65 Engineering and Physical Sciences Research Council (EPSRC) Centres for Doctoral Training (CDTs) will support leading research in areas of national importance including the critical technologies AI, quantum technologies, semiconductors, telecoms and engineering biology. The DigitalMetal CDT has been designed to meet a national, strategic need for training a new generation of technical leaders able to lead digital transformation of metals industry and its supply chain with the objective of increasing agility, productivity & international competitiveness of the metals industry in the UK. It will provide postgraduate training that combines metals and alloy engineering with digital technology and AI skills, to help the UK metals and manufacturing industries to reap the benefits of ‘big data’. The vision is to deliver the future industry leaders who can rapidly take advantage of the latest discoveries in manufacturing processes through digital twinning to enable defect-free, ‘right first-time’ manufacturing at reduced costs. The metals industry is a vital component of the UK’s manufacturing economy and makes a significant contribution to key strategic sectors such as construction, aerospace and space, automotive, energy, defence and medical, directly contributing £20bn to UK GDP, and underpins over £190bn manufacturing GDP. Professor Hongbiao Dong FREng from the University of Leicester School of Engineering, and Director of the Centre, said: “Without a new cadre of leaders in digital technologies, equipped to transform discoveries and breakthroughs in metals and manufacturing technologies into products, the UK risks entering another cycle of world-leading innovation but losing the benefits arising from exploitation to more capable and better prepared global competitors. “For the UK metal industry to lead at a global level, we must raise its competitiveness and create robust and agile manufacturing processes and sustainable supply chains enabled by digital technology. DigitalMetal CDT is timely due to the readiness of smart digital technology and the availability of new scientific advances to help move the industry to Industry 4.0 and sustainability. Future students trained by DigitalMetal CDT will lead this important industry sector to drive economic growth, job creation and global inward investment in the current challenging post Brexit and Covid-19 economic landscape.” Professor Sarah Davies, Pro Vice Chancellor and Head of the College of Science and Engineering said: “I am delighted that the University of Leicester will be working with the EPSRC, our four partner universities and thirty-five industrial partners to develop and deliver high-quality, exciting research training to our future scientists and engineers. The University of Leicester has a strategic commitment to nurture the next generation of researchers and this Centre for Doctoral Training, led by Professor Hongbiao Dong FREng, will train metals and manufacturing researchers and engineers with the required combination of experimental, analytical, computational, business and professional skills needed for innovation.” Professor Charlotte Deane, Executive Chair of the Engineering and Physical Sciences Research Council, part of UK Research and Innovation, said: “The Centres for Doctoral Training announced today will help to prepare the next generation of researchers, specialists and industry experts across a wide range of sectors and industries. “Spanning locations across the UK and a wide range of disciplines, the new centres are a vivid illustration of the UK’s depth of expertise and potential, which will help us to tackle large-scale, complex challenges and benefit society and the economy. “The high calibre of both the new centres and applicants is a testament to the abundance of research excellence across the UK, and EPSRC’s role as part of UKRI is to invest in this excellence to advance knowledge and deliver a sustainable, resilient and prosperous nation.” Science and Technology Secretary, Michelle Donelan, said: “As innovators across the world break new ground faster than ever, it is vital that government, business and academia invests in ambitious UK talent, giving them the tools to pioneer new discoveries that benefit all our lives while creating new jobs and growing the economy. “By targeting critical technologies including artificial intelligence and future telecoms, we are supporting world class universities across the UK to build the skills base we need to unleash the potential of future tech and maintain our country’s reputation as a hub of cutting-edge research and development.”

New tenants take on organic farm on Paget Estate

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New tenants take on organic farm on Paget Estate

The historic Paget Estate has attracted new tenants for Hungary Lane Farm, which will become the sixth organic farm on the 2,500-acre estate located on the Nottinghamshire and Leicestershire border.

Loughborough based specialist land development and property consultancy Mather Jamie promoted the farm, interviewed applicants and arranged the farm business tenancy agreement on behalf of the landowner, Joanna Herbert-Stepney.

The new tenants are Amy and Lance Charity, who have taken on a twenty-five-year tenancy for the farm. Both come from a family of farmers and previously leased a council farm holding.

Hungary Lane Farm is a 275 acre formally biodynamic, arable and livestock farm, including a four-bedroom farmhouse and modern and traditional farm buildings that will be used to create a diverse range of organic farming and craft activities.

Amy and Lance have a flock of 200 pedigree polled Dorset sheep, a breed which has the unique ability to lamb out of season in September. A proportion of lamb will be sold to Waitrose as part of the Dorset scheme and will provide a year-round supply of 100% British lamb.

Commenting on their plans for the farm, Amy Charity said: “This is an exciting leap for us to move with our young family. As well as the continuing as an organic arable farm, the new farm shop will stock our own organic produce from our farm and market garden, including eggs, lamb and eventually pork. We also have a food prep kitchen ‘Hungary Lane Bakes’ which will launch soon offering brownies, bakes and cookie slices.”

Lance Charity added: “We aren’t here to grow to astronomical levels, we are here to supply and support our local community, the villages, towns and cities around us. Our focus is on producing good quality locally grown food that is 100% traceable. We are very grateful to have this excellent opportunity to become part of the Paget Estate.  The landowner, Joanna Herbert-Stepney is hugely supportive of organic farming principles and has been extremely welcoming, taking a keen interest in our story and farming practices.”

Lance and Amy are committed to the principles of regenerative agriculture, looking after soils and increasing biodiversity. At Hungary Lane Farm they plan to continue bi-cropping, which means growing a spring crop legume, alongside wheat and will supply local mills with both heritage and more commercial wheats.

Alongside the farm, Lance and Amy also run an embroidery business called ‘Needle in a Haystack’ which already has a full order book offering personalised workwear to local businesses, schools and clubs.

As Managing Agents for the Paget Estate, Mather Jamie has previously re-let Home Farm and Cedars Farm as organic ventures within the last five years. Sam Woodhouse, Rural Surveyor, said: “As experienced, pro-active organic farmers, this is a great opportunity for Lance and Amy to develop a successful organic farming business, whilst conserving the natural habitat and landscape.

“After visiting them at their previous small holding and seeing their hard work and passion for their farming business, we had no doubt that they would be the ideal tenants for Hungary Lane Farm.”

Looking to the future there are plans to have farm opens days for visiting schools and community groups as well as improving public footpaths so more people can enjoy the countryside which will hopefully also increase footfall to the farm’s many enterprises.

Electric vehicle scheme to bring thousands of jobs to Midlands Consortiums

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Electric vehicle scheme to bring thousands of jobs to Midlands Consortiums
Figures released by Sub-national Transport Body, Midlands Connect show the economic benefits of an electric vehicle charging infrastructure (EVI) scheme for the Midlands. As well as employment opportunities, the Midlands EVI Consortiums are estimated to bring £1.87bn of economic benefits to the region over the life of the project, from 2025 to 2040. It will also bring an additional £1.46bn in environmental benefits from supporting the transition from fossil fuel vehicles to electric vehicles. The Midlands EVI Consortiums have secured funding from the Local Electric Vehicle Infrastructure (LEVI) Fund – a government-funded programme which supports councils to install electric vehicle charge points with additional private investment from charge point operators, is likely to support approximately 11,000 jobs in the whole electric vehicle charging supply chain. In September 2023, Midlands Connect partnered with Local Authorities for a total of £40.3m of the LEVI Fund, accounting for 61% of the region’s £66.5m funding. The scheme is expected to create direct and indirect jobs across the charge point supply chain. Of these, 2,000 will be during the development phase of the scheme, with a further 9,000 roles to be created during the 15-year operational phase, supporting the Midlands region, UK and wider charging infrastructure. The news comes following Midlands Connect’s Electric Vehicle Conference, which took place virtually last week. Leaders from across the industry shared visions on the electric revolution, from charging infrastructure to fleet electrification. Maria Machancoses, CEO of Midlands Connect, said: “These figures really show the importance of investing in green transport. As the UK moves towards Net Zero, there must be more green jobs and investment, especially in an industrial region such as the Midlands. “Electric car and fleet use is on the rise so it’s great to see the funding for infrastructure will have such a positive impact, it will create thousands of jobs across the region.”

New workplace designer joins Blueprint Interiors

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New workplace designer joins Blueprint Interiors
Workplace consultants and interior fit-out specialists Blueprint Interiors has appointed Caitlin Houlbrook as a workplace designer. Caitlin is relocating to the East Midlands having worked in similar roles for leading London based office designers. She is also a WELL Accredited Professional (WELL AP) and holds a BA in Product Design from Nottingham Trent University. WELL AP practitioners are recognised for their expertise in the WELL Building Standard (WELL) which aims to advance human health and wellness in buildings and communities around the world. Blueprint Interiors already has one WELL AP practitioner and their HQ in Ashby de la Zouch was the first business in the East Midlands to achieve the WELL Health-Safety rating. Commenting on her new role Caitlin said: “I am really pleased to be joining Blueprint Interiors as their values align closely with my own. As a WELL AP I am looking forward to using my skills in a business that supports and promotes these standards when creating workplaces that support healthy and happy employees.” Chloe Sproston, Blueprint Interiors’ creative director, added: “Sustainability, mental wellbeing and emotional health are just as important to embrace when creating productive workplaces. “The WELL Building Standard is at the heart of our process so that our designs help protect the planet and look after our people. With Caitlin as part of our team we will be able to encourage more businesses to embrace these design principles and incorporate sustainability into their workplace.”

Assembly Rooms plans unveiled for Derby’s new cultural heart

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Assembly Rooms plans unveiled for Derby’s new cultural heart
The site of the long-closed Assembly Rooms venue in Derby will pave the way for a massive redevelopment project, marking a significant step towards the regeneration of the Market Place. To mark the ten-year anniversary of the fire which closed the Assembly Rooms, a new image has been released giving an artist’s impression of how the site could look once finished. The proposed new cultural, commercial, and creative public space will feature a multi-functional building, with spaces for meeting, working, and creating alongside restaurant and commercial space. The image also shows how the redesigned and enhanced Market Place could look, as it once again becomes a focal point for the city. Last month, Derby City Council announced VINCI Developments UK and ION Developments as its preferred development partners for the redevelopment of the Assembly Rooms site. Along with proposals for other key areas within the city centre, the partnership has produced an outline masterplan to create a new cultural quarter on the site, forming Derby’s cultural heart. The derelict 1970s theatre building will be demolished to make way for a new multi-purpose development, containing leisure, commercial and community facilities that will put culture at the heart of the city centre. Work is now underway to develop the detailed proposals alongside stakeholders in the city. Pre-demolition works began on the site in 2023 and continue to progress at pace, with the main structural demolition planned to begin in autumn 2024 to make way for the new development. Councillor Nadine Peatfield, Deputy Leader and Cabinet Member for City Centre, Regeneration, Culture and Tourism said: “For the past ten years the Assembly Rooms has stood empty, waiting to be regenerated into a hub of cultural activity. “After several unviable plans being put forward over the past decade, this administration is confident that we can deliver on these plans for the citizens of Derby. I’m thrilled to be announcing that we plan to progress on the demolition of the Assembly Rooms’ this autumn. “We’re on a journey to transform Derby into a vibrant city centre with culture at its heart, creating a go-to destination which not only attracts visitors from outside of the wider region but also offers an affordable place for our citizens to enjoy. It’s fantastic to see change happening in the city centre, with the Market Place taking centre stage at the heart of Derby’s transformation.” Change is already happening in the Market Place, with new hoardings recently installed around the former tourist information office. The hoardings display the Council’s regeneration projects for the city centre and its cultural offer, including the Becketwell Performance Venue and Derby Market Place that are both due to open in 2025. Graham Lambert, Managing Director of VINCI UK Developments, said: “Derby as a city has much to offer and potential to be harnessed. We share the ambition of the Council, the local community and businesses, in seeking to revitalise the cultural core of the city. “The Council has laid the foundation for this, and we will create community led assets, flexible and diverse spaces and a quality business district that compliments the inward investment in the city. “We are proud to be chosen by the Council as partner for this important strategic project and look forward to working collaboratively with the Council and local stakeholders.” Steve Parry, Managing Director of ION Developments, said: “We are delighted to be selected alongside VINCI Developments to work up these exciting plans for Derby City Council and the people and businesses of Derby. “Together, we will use our extensive experience to create a thriving city centre location that offers a blend of cultural, community, and commercial space to meet Derby’s needs, both now and long into the future.” VINCI and ION will continue to work closely with the Council, local businesses and community stakeholders over the next six months to develop their vision and submit their plans for the site.

Planning permission granted for Louth residential development

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Planning permission granted for Louth residential development

Planning permission has been granted to developer Charterpoint and housebuilder Snape Properties for a 90-home residential development in Louth.

It marks the sixth and final phase of the popular Westfield Park scheme masterminded by Charterpoint.

The developer has now sold the 12-acre site off Daisy Way to Snape Properties – paving the way for work to get under way on the final 90 homes.

Once these have been delivered, the 47-acre site will be complete – featuring a total of 330 homes, plus Meadows Park Care Home.

Adrian Goose, CEO of Charterpoint, said: “Westfield Park has developed into a flourishing community and this additional piece of land will facilitate the natural extension of it. It is the sixth and final phase of a residential scheme that we are very proud to have masterminded.

“The site off Daisy Way will provide 90 much-needed homes for the Louth area, and we are delighted that East Lindsey District Council has granted full planning permission for the scheme, which allows building work to start.”

The 90 properties include a mix of one, two, three and four-bedroom homes, plus a children’s play area, surface water attenuation ponds, wildflower meadows, sustainable drainage and an amenity lawn for communal informal recreation.

The site, which is bounded by the A16 Louth bypass to the north west and by Westfield Park to the south and east, will include green infrastructure to provide an attractive quality environment for residents and visitors with consideration given to access for pedestrians and cyclists, enhancement of wildlife biodiversity, sustainable drainage solutions and promotion of use of outdoor spaces for improved mental and physical health and well-being.

Open water, swales and ditches are also included as part of the sustainable drainage strategy to contribute to local biodiversity.

Nottingham MedTech company raises £8.4m

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Nottingham MedTech company raises £8.4m
Nottingham-based MedTech company, Locate Bio has raised £8.4 million in an oversubscribed funding round. It will help progress the orthobiologics company’s ongoing clinical study of LDGraft, which is being developed for use in patients who require surgery for chronic lower back pain. The news was revealed by Mercia Asset Management, which has invested £2.5 million into Locate Bio as part of the syndicated funding round. Mercia’s fully diluted direct stake now becomes 20.1%. The announcement came alongside Mercia confirming investments into other firms, MIP Discovery and Warwick Acoustics. Dr Mark Payton, CEO of Mercia Asset Management PLC, said: “We continue to be encouraged by the overall development of our direct investment portfolio. A number of the companies in our portfolio are maturing as they scale the commercial applications of their underlying IP. “Furthermore, the syndicated nature of these funding rounds, where nearly 80% of the investment funding is coming from outside of Mercia’s balance sheet, reflects the confidence of the wider venture community in these companies. “Our significant liquidity means that we are able to continue selectively supporting the existing portfolio’s growth ambitions, with or without additional syndicated co-investment.”

Think there’s no such thing as bad publicity? Trust me, it’s your funeral: by Greg Simpson, founder of Press for Attention PR

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Think there’s no such thing as bad publicity? Trust me, it’s your funeral: by Greg Simpson, founder of Press for Attention PR
Greg Simpson, founder of Press for Attention PR, illustrates why there is such thing as bad publicity. When I hear that tired old cliche “there’s no such thing as bad publicity” I cringe. The classic Gerald Ratner “cr*p” comment is the one that most often gets cited but that was at least off-camera and off the cuff. Plus, the only bad taste about it was the product, not the message or the media. Let alone the audience. Compare that to the astonishing ill-conceived Valentine’s Cards sent to residents at Whitegates Care Centre in Surrey with the heart-felt (profit driven message) “Sent with love from TH Sanders & Sons.” As if this wasn’t enough, the care home thought it was wise to distribute them! That was the “sliding doors” marketing moment here. Take a pause, think carefully, politely decline for fear of potential offence caused, let alone brand damage! Nobody needs to be made to feel awkward, embarrassed or distressed – well, maybe some embarrassment for the funeral firm but they probably deserved that. To make matters worse, the care home has since come out defending the actions! They did so with some lovely little marketing messages too: “We’re deeply embedded within the local community, and we value the support and engagement of all our neighbours, including TH Sanders. Out of their own kindness and goodwill, they have brought warmth, joy, and generosity to residents through various initiatives.” Out of context, this sounds wonderful! They go on: “From delivering Christmas blankets, donating to our charity raffles, sending in cards and sweets, to gifting seeds for our garden, their contributions have been received with gratitude and appreciation from both residents and our team members alike.” How lovely! However, this goodwill does not give anyone carte blanche to ride roughshod over a potentially devastating and raw time for any number of residents, their families, friends and their caregivers. Apparently: “Residents were thrilled to receive the Valentine’s Day cards and they all had a lovely day celebrating.” Well, you would say that wouldn’t you? No press quotes are ever going to come out saying: “To be honest, it was a tad awks for some. We had one resident taken to A&E yesterday and another has had family over all weekend as things aren’t looking too good but at least there was a jolly card to remind them of a local firm who can take care of their looming doom.” The reply from the spokesperson for Dignity, the funeral director’s parent company, is far better mainly because they have admitted fault albeit they have then thrown the local branch under the marketing bus: “We deeply regret any unintended distress caused by the Valentine’s card sent to Whitegates Care Centre by one of our branches. We are committed to maintaining a positive and respectful relationship with the communities we serve. We accept that, in this instance, our efforts to connect with the local community were misjudged and not appropriate.” So, still think there’s no such thing as bad publicity?   A former business journalist, Greg Simpson is the author of The Small Business Guide to PR and has been recognised as one of the UK’s top 5 PR consultants, having set up Press for Attention PR in 2008. He has worked for FTSE 100 firms, charities and start-ups and conducted press conferences with Sir Richard Branson and James Caan. His background ensures a deep understanding of every facet of a successful PR campaign – from a journalist’s, client’s, and consultant’s perspective. See this column in the March issue of East Midlands Business Link Magazine here.

Investment in engineering and physical sciences training to enable Loughborough to build green hydrogen workforce of the future

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Investment in engineering and physical sciences training to enable Loughborough to build green hydrogen workforce of the future

Loughborough University is set to launch a new research training facility that will help accelerate the affordability, scalability and sustainability of green hydrogen.

EnerHy, the Centre for Doctoral Training (CDT) in Engineering Hydrogen Net Zero, will play a central role in developing the skilled workforce needed to enable rapid growth in green hydrogen-related technology. The centre is 1 of 65 Engineering and Physical Sciences Research Council (EPSRC) CDTs being launched, following a £1 billion funding boost. The investment, which is the UK’s biggest-ever in engineering and physical sciences doctoral skills, was announced by Science, Innovation and Technology Secretary, Michelle Donelan. UK Research and Innovation (UKRI) and the Ministry of Defence are investing £500 million and a further £590 million is being provided by universities and business partners. Collectively, the centres will train more than 4,000 students and address key challenges such as net zero, AI, defence and security, healthcare and quantum technologies. Loughborough’s EnerHy CDT has been developed in partnership with Cranfield University and the University of Strathclyde, as well as more than 60 industry and civic partners, including global organisations, regional developers and local councils. Over 60 academics, with expertise in engineering, science, manufacturing and economics, will work together to train and support the future leaders of the hydrogen industry, whilst also delivering nationally important research and innovation. The University of Strathclyde will lead the wind energy training and research and Cranfield University will lead on elements relating to chemical processes and scale up, alternative fuels and social science. Professor Dani Strickland, Professor of Electrical Power Engineering within Loughborough University’s School of Mechanical, Electrical and Manufacturing Engineering, and lead academic for the EnerHy CDT, said: “To enable rapid growth in hydrogen-related technology for net zero, there are complex global challenges around affordability, supply and waste chain development and scalability, new technologies, and social acceptance. “EnerHy CDT builds on the research that is already happening at Loughborough, Cranfield and Strathclyde to address these challenges. Together with our large network of external partners, we will expand the work we are doing much further and faster, whilst also nurturing the next generation of hydrogen innovators, researchers, specialists and industry experts. “We welcome new researchers from all backgrounds, including STEM, business and social sciences and will be offering fully funded studentships to successful applicants.” Professor Dan Parsons, Pro Vice-Chancellor for Research and Innovation at Loughborough University, said: “Hydrogen offers the scope to deliver energy security and acceleration to net zero and there has never been a more important time to accelerate our wider ambition in this area. Growing the quality and volume of our doctoral researcher community is a key part of our University’s Research and Innovation Core Plan, underpinning a significant expansion in our research endeavours. “Loughborough University is already working with global, national and local partners in research, industry and policy to accelerate the production of hydrogen, as well as creating space for businesses to expand their own research and innovation in this area and supporting new skills and knowledge exchange at all levels. “Through our ambitions for The Hydrogen Works, we are driving innovation and productivity to create a hydrogen superpower in the East Midlands, and the EnerHy CDT is set to enhance and accelerate this intention further.” The University is also a partner institution in two other CDTs that will be launched as part of the same investment: the EPSRC Centre for Doctoral Training in Offshore Wind Energy Sustainability and Resilience, led by the University of Hull, and the EPSRC Centre for Doctoral Training in Digital Transformation of Metals Industry, led by the University of Leicester. Professor Charlotte Deane, Executive Chair of the Engineering and Physical Sciences Research Council, part of UK Research and Innovation, said: “The Centres for Doctoral Training announced today will help to prepare the next generation of researchers, specialists and industry experts across a wide range of sectors and industries. “Spanning locations across the UK and a wide range of disciplines, the new centres are a vivid illustration of the UK’s depth of expertise and potential, which will help us to tackle large-scale, complex challenges and benefit society and the economy. “The high calibre of both the new centres and applicants is a testament to the abundance of research excellence across the UK, and EPSRC’s role as part of UKRI is to invest in this excellence to advance knowledge and deliver a sustainable, resilient and prosperous nation.”

Almost 1 in 4 deals in Midlands is cross-border

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Almost 1 in 4 deals in Midlands is cross-border

Cross-border deals accounted for almost one in four mergers and acquisitions in the Midlands during 2023, compared to almost one in three the previous year, according to research by business advisory firm Dow Schofield Watts (DSW).

DSW’s figures show that while the total number of deals involving Midlands companies fell by 9% last year to 513, the number of cross-border transactions declined much faster, falling by 27% to 119. As a result, cross-border deals accounted for 23% of all transactions in 2023, compared to 29% the previous year.

Almost two-thirds of international deals in 2023 were acquisitions by overseas companies and they proved slightly more resilient than overseas acquisitions by Midlands companies.

DSW was the founder of the international advisory network Pandea Global M&A, which helped to compile the figures. Harry Walker, a Partner in DSW’s Midlands corporate finance team, said: “The wider macroeconomic environment has had a significant impact on cross-border M&A activity as a whole, with declining market confidence throughout 2023.

“While Sterling’s weakness against the dollar may have had some impact on overseas acquisitions by Midlands companies, activity by overseas buyers has held up slightly better. Clearly the region remains a very attractive marketplace for them, in particular for those from the US.

“As yet the impact of the National Security and Investment Act, which was introduced in 2022 and allows the UK government to scrutinise and block foreign takeovers, isn’t clear in terms of deal volumes. However the novelty of this regime and its broad scope, covering around 17 sectors, has presented challenges on some deals throughout 2022 and 2023.

“While there are still headwinds in existence this year, with interest rates expected to fall, there should be an uplift in market confidence which will drive increased cross-border activity throughout 2024 as companies look to grow in the improved economic environment.”

In the UK as a whole, US companies were by far the most active foreign buyers in 2023 and responsible for over a third of all overseas acquisitions, followed by buyers from Sweden, Ireland, France, Germany and Netherlands. The US was also the most popular destination for UK companies acquiring overseas, followed by Ireland, Australia, Germany, Netherlands and Canada.

DSW’s figures, which were compiled using data from Mergermarket, show that technology, healthcare and ESG were key trends in cross-border deals during 2023.

Callum Sellar, a corporate finance specialist with DSW and a board member of Pandea Global M&A, added: “Technological disruption, the rise of artificial intelligence and climate change are all helping to shape the global deals market.

“The technology sector was the most active in terms of investment and completed deals and expected to produce the highest level of growth in the year ahead. Meanwhile in the healthcare sector, global trends in the wake of the pandemic and our evolving healthcare needs are driving investment.

“ESG is another trend worthy of note. The energy transition continues to drive business transformation in energy and utilities, and for businesses in general, ESG credentials are seen as increasingly important by potential buyers.

“Overall, global trends suggest 2024 will see an increase in M&A activity. There is clear pent-up demand from investors and with interest rates expected to stabilise, coupled with falling inflation, predictions for 2024 point towards a more positive outlook for the year ahead.”

Notable inbound acquisitions during 2023 included Thermo Fisher Scientific’s £2.3bn acquisition of Birmingham medical diagnostics manufacturer The Binding Site Group and that of Nottingham-based Pendragon Vehicle Management by US company Lithia Motors for £367m.

Nottingham-based investigation tech firm appoints new chair

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Nottingham-based investigation tech firm appoints new chair

Nottingham-based investigation tech firm, Altia, has appointed a new chair as the company looks to strengthen its growth plans throughout 2024 and beyond.  

Stuart Warriner, who holds over 35 years of corporate finance experience, will join Altia as chair this month, succeeding Simon Hook, who had held the position since 2020.  

The move comes as Altia looks to strengthen its senior leadership team with a view to delivering on its strategy which will further cement its position as a leading provider of investigation software.  

A specialist in its field for almost 30 years, Altia creates intelligence and investigation software to assist law enforcement agencies, government departments, and private sector businesses.  

Stuart joins Altia with an impressive portfolio of chair and non-executive director (NED) roles, and currently serves as chair at Mortgage and Surveying Services Limited and Blue-i Group.  

He is also a NED at Alternative Investment Market (AIM) listed The Pebble Group plc and at the privately owned Lodestone Communications, as well as being a senior advisor to Houlihan Lokey. 

Joining Altia, Stuart’s board roles will be complemented by his extensive corporate finance background, having served as a partner at PricewaterhouseCoopers and as a Managing Director at GCA Altium. 

As chair, Stuart will support the company’s senior leadership team in implementing growth across the company, leveraging his expertise in market analysis and strategic planning. 

Rob Sinclair, CEO, Altia, said: “Stuart’s experience in corporate finance and his successful track record across various leadership roles is simply second to none. He will be an invaluable addition to Altia.  

“Stuart’s expert guidance will be vital as we continue to deliver on our growth plans which will further position the company as the UK’s leading investigation software provider.  

“At Altia we want to deliver the best possible products and service, as well as developing a culture which empowers all our employees to thrive. That means we must seek out the best and Stuart ticks all the boxes as we look to continue our ambitious plans moving forward.” 

Stuart Warriner said: “Altia is top of its class when it comes to delivering intelligence and investigation software solutions. That, mingled with their ambition to always be the best in everything they do, presented a hugely exciting prospect to me.  

“Naturally, I’m delighted to join Altia, and I look forward to being a part of driving the company forward towards its goals. Altia has a remarkable reputation in its field, and I’m looking forward to further building upon this and contribute to its ongoing success.” 

Charity bike ride aiming for 1,000 smiles from 100 miles steps up a gear with new partnership and top cyclist

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Charity bike ride aiming for 1,000 smiles from 100 miles steps up a gear with new partnership and top cyclist

A new partnership is getting the wheels rolling on a 100-mile bike ride to support two charities giving low tech breaks to hundreds of Derbyshire children who might not otherwise get a holiday at all.

Cosy Foundation, the charitable arm of Kings Award winning sustainable outdoor children’s furniture business Cosy Direct, has taken on the running of the “Skegvegas 100” bike ride in which cyclists pedal the 100-mile distance from Derby to Skegness.

Now organisers of this year’s ride on Saturday May 18 would love to see more cyclists and businesses get involved, with participants able to rub shoulders with record-breaking cyclist Leigh Timmis, as well as the current High Sheriff of Derbyshire, Theresa Peltier, and William Cavendish, The Earl of Burlington, all of whom are excited to be taking part.

The countryside to coast bike ride has been raising money for the Derbyshire Children’s Holiday Centre for the past ten years, having been set up and organised by former holiday centre attendee Terry Willis and his son Aaron.

This year for the first time, the money raised will be split between the holiday centre and Derby Kids’ Camp.

Cosy Direct founder and Derby Kids’ Camp patron Peter Ellse, who has taken part in the ride in the past and will be doing so again this year, said: “The Skegvegas 100 is not a race, it’s a really great, friendly event that we hope to grow and see as many people as possible either taking part in or becoming involved with in some way – whether that’s by providing sponsorship, useful equipment or actually getting on their bike!

“Cycling is clearly a highly sustainable mode of transport, which ties in perfectly not only with our environmental ethos at Cosy but also with what the fabulous volunteers and staff at Derby Kids Camp and The Derbyshire Children’s Holiday Centre are trying to do: give children a break, not just from some tricky situations they might be in, but through playing with other children, a break from their screens too. What better way to raise money for these two charities than with a bike ride all the way from Derby to Skegness!

“This ride is for everyone. Cycling is a great thing, and we want to celebrate that. It’s been brilliantly organised for 10 years and we’re taking it on to hopefully benefit even more Derbyshire children.

“It would be great to see businesses getting enthusiastic and joining our Cosy team in coming along and pedalling those miles. Having done it myself, I can attest to the fact it really is pretty flat and there is some lovely scenery to admire along the way! You can either take on the whole 100 miles or why not enter a relay team to divide up the miles?”

Between them, Derby Kids’ Camp and The Derbyshire Children’s Holiday Centre have been giving free holidays to Derbyshire children in need of a break for nearly 175 years. Derby Kids’ Camp celebrated its 50th birthday in 2023 and has over the years welcomed around 15,000 children to enjoy a week’s camping including craft activities, climbing, swimming, before snuggling down for the night in tents with comfortable camp beds. Many of the children who go are living in poverty, have suffered a close bereavement or are finding social interaction difficult.

The Derbyshire Children’s Holiday Centre has been going since 1891 and provides five-day stays in Skegness which include days out, a fully-equipped games room, meals out, and, of course, a good old run around on the beach. Children are nominated to go through their school if it is felt that, due to financial hardship or other reasons, they may not otherwise get a break.

Local organisations have already signed up to join the SkegVegas 100 team to help make this year’s event a big success.

Car manufacturer Toyota has provided three electric cars to provide support while riders are en route, as well as its new Hydrogen bus to ferry riders back to Derby after they have finished. The YMCA is providing lunch for hungry riders mid-ride, and Church Broughton-based WeBuyCycle has agreed to come on board to help with any bike maintenance issues along the way – something that Peter himself found helpful last year.

He said: “Everyone was so helpful last year. My chain broke and someone stopped and helped me. I got a puncture too! I was so delayed that I had to run the last few miles and my brother Paul was actually returning to Derby by the time I made it into Skegness! It’s that camaraderie that has inspired me to take on the organising of the event through our team at Cosy Foundation.”

The launch of this year’s new SkegVegas 100 partnership, with its aim to celebrate cycling amongst the Derby community, follows on from the announcement last year of Derby City Cycling (DCC), the city’s first ever road racing team.

DCC founders Dean Jackson from HUUB and Paul Martin from WeBuyCycle aimed with its launch to turn the city into a Mecca for cyclists.

Anyone who would like to join this year’s SkegVegas 100, either through sponsorship, buying a specially branded t-shirt, taking on the whole distance or as a relay with colleagues and friends, is asked to contact organisers at N.Taylor@cosydirect.com

Funding awarded to train next generation of chemists to take East Midlands towards net zero

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Funding awarded to train next generation of chemists to take East Midlands towards net zero
The University of Nottingham and Nottingham Trent University have been awarded funding for a centre that will train chemists of the future to find new ways to decarbonise manufacturing sectors, and help the East Midlands achieve its net zero target. The announcement, made by Science, Innovation and Technology Secretary Michelle Donelan is the UK’s biggest-ever investment in engineering and physical sciences doctoral skills, totalling more than £1 billion. The Centre for Doctoral Training (CDT) in Resilient Chemistry (Feedstock to Function) in Nottingham has received £12m in collaborative investment and is one of 65 Engineering and Physical Sciences Research Council (EPSRC) Centres for Doctoral Training (CDTs) that will support leading research in areas of national importance. Over 50 postgraduate students will be trained as part of the CDT across the two Nottingham university campuses who will benefit from world-class expertise and facilities. The research they will undertake aims to drive down the environmental impact of chemical manufacturing processes which so many sectors and products rely on, from pharmaceuticals and fragrances to adhesives and lubricants, and create sustainable, circular new processes. The Resilient Chemistry CDT forms part of the shared commitments under the Universities for Nottingham Civic Agreement, a collaboration between Nottingham’s two world-class universities and eight key anchor institutions; the agreement sets out partners’ commitments to working across Nottingham and Nottinghamshire for the benefit of the local community, its people and place. The CDT supports the Universities for Nottingham environmental sustainability mission that aims to develop innovative ways to tackle the barriers to carbon neutrality and strive for a cleaner, more productive, and inclusive local economy. Also, to translate zero-carbon research into practice and to undertake new research to enhance the competitiveness of the area and contribute towards the achievement of carbon neutrality. Professor Tom Rodden, Pro-Vice-Chancellor for Research and Knowledge Exchange at the University of Nottingham, said: “This is a fantastic achievement for the university and testament to the excellent quality of our research and strength of our partnership with Nottingham Trent University. “This CDT will bring together experts from industry and academia across the globe who will train the next generation of chemistry leaders to deliver world-leading research into sustainable, scalable solutions that are urgently needed to reduce the environmental impact of manufacturing processes and support Nottingham’s ambition to be the UK’s first zero carbon city by 2028.” Richard Emes, Pro Vice-Chancellor Research and Innovation Nottingham Trent University, said: “The Resilient Chemistry CDT is another excellent example of collaboration between Nottingham’s universities. I look forward to the fantastic research undertaken whilst training a generation of chemists in the sustainability of chemical manufacturing methods at Nottingham Trent University.”

Major plans approved for new special school in Mansfield

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Major plans approved for new special school in Mansfield
A major scheme to build a new school in Mansfield for children with special educational needs and disabilities (SEND) has moved a significant step forward after councillors gave the plans the green light. The new school will be built on the former Ravensdale School site in the town and will have capacity for up to 160 pupils across the 7 to 19 years age range. It is being designed, project and cost managed by Arc Partnership, a joint venture between Nottinghamshire County Council and SCAPE, with construction being undertaken by Morgan Sindall. The school is expected to open in 2025. Nottinghamshire County Council says the purpose-built facility will provide a specialist learning environment for children with social, emotional, and mental health needs. Councillors gave their approval for the scheme at a meeting of the county council’s Planning and Rights of Way Committee – a move welcomed by Councillor Sam Smith, Cabinet Member for Education and Special Educational Needs and Disabilities (SEND). He said: “It’s great news that planning consent has been given for this state-of-the-art, purpose-built facility, and is a significant step forward in making sure we have sufficient places for our SEND children across Nottinghamshire. “Building a school like this will provide a specific and specialist learning environment for pupils with autism and social, emotional, and mental health needs. “It is also a key aim of our SEND place planning strategy to help more young people to access the education they need, near to where they live. “As a council, we are committed to meeting the needs of children and young people with SEND, and their families, and to investing in providing much-needed special school places in Nottinghamshire. “I would also like to thank my colleague, Councillor Andre Camilleri, who identified this site and has been pushing for a school of this type in his division for more than two years. I know he’ll be delighted the application has been approved.” Dan Maher, Managing Director at Arc Partnership, said: “We are delighted to be working with Morgan Sindall to deliver further additional SEN provision on behalf of Nottinghamshire County Council. “We are focussed on delivering real value together and this school will be key to benefitting both young people and wider communities across the county.” Sensory zones and calm spaces are just some of the design elements included in the construction of the new facility to ensure it is tailored to the children’s needs and complement learning. Each key stage will be accommodated in either four or six classrooms to promote a ‘small school’ feel along with satellite dining spaces ‘to avoid children being overwhelmed by larger central facilities’. Separate building entrances will also be created to address the sensory needs of pupils. The purpose-built school will also boast two all-weather pitches with sports equipment storage buildings and a tarmac multi-use games area, as well as car parking and a drop-off area for minibuses. Six spaces for electric vehicle (EV) charging will be provided in the staff car park and four, including one for a disability parking space, in the visitor car park.

PEAK Gateway Resort secures reserved matters planning approval

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PEAK Gateway Resort secures reserved matters planning approval
Chesterfield Borough Council has approved the reserved matters planning application for a revised first phase of the PEAK Gateway Resort on the reclaimed Birchall Estate. The 300-acre property is located on the eastern boundary of the Peak District National Park in Chesterfield, Derbyshire. PEAK proposes to bring the scope and services of internationally successful ski resorts to create the UK’s equivalent for biking, hiking and other adventure sports as well as for nature, culture and heritage experiences. PEAK will have its own micro grid for energy, waste and water. PEAK will generate and consume its own energy and operate a zero-carbon tourism dedicated mobility service. Planning permission includes extensive overnight and holiday accommodation supported by hospitality, leisure, wellness, a multi-disciplinary bike park and experiential retail. As such, it is one of the largest permitted mixed-use leisure schemes in the UK. Five of the six largest cities in England are within 75 miles, providing a visitor catchment of over 20 million people. Locally, PEAK has the potential to create over 1,000 new jobs. It will partner with the education sector to deliver a Green Skills Academy in support of both PEAK and Chesterfield’s commitment to training and upskilling across a broad range of key sectors, but especially for construction and tourism. PEAK will be open to day as well as stay visitors. Local residents and businesses will be able to take advantage of incentives and membership opportunities. Councillor Tricia Gilby, Leader of Chesterfield Borough Council, said: “PEAK Resort offers a fantastic opportunity to bring more visitors into Chesterfield, grow our local economy and create a range of new jobs. “It will be an incredible asset for our borough and will be a national leader in respect of clean energy, zero carbon mobility and skills. “I look forward to seeing this development take shape over the next few years.” The current landowner has, over many years, fully reclaimed the 300-acre Birchall estate from opencast. The property now provides the perfect natural setting for the consented development. Nature and outdoor experiences are at the heart of the PEAK offer and BNG (Biodiversity Net Gain) resulting from the development will all be achieved on the property. Birchall and PEAK hope to be an exemplar of the reclamation of land from the industries of the past into enterprises of the future. Rupert Carr, a director of Birchall and Peak Gateway Properties, said at the Planning Committee Meeting: “PEAK is the opportunity to deliver a clean growth infrastructure for the regional visitor economy, an opportunity for Chesterfield and indeed the region to build a significant presence in an economic sector growing at 6% per annum. PEAK is finally of its time.” PEAK Resort will also support the UK’s first hydrogen and EV tourist mobility service linking visitors to Chesterfield’s medieval market town centre, its national rail station and surrounding attractions as well as to the trails and natural wonders of the National Park. Colliers’ National Capital Markets team have been appointed to take the project forwards.

Leader of Nottingham City Council not seeking re-election

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Leader of Nottingham City Council not seeking re-election
Councillor David Mellen will not seek re-election as the leader of Nottingham City Council in May 2024. Every year, the majority group of councillors have the chance to choose the person they want to be leader of the council. Councillor Mellen has been leader since May 2019. In those five challenging years he has overseen many changes and difficulties in Nottingham. These have included the Covid-19 pandemic, reduced council funding, the collapse of ‘intu’, the closure of Robin Hood Energy and a government-appointed Improvement Board. However, these challenges have been matched by successes such as the opening of the new Nottingham Central Library, plans for a renewed Broad Marsh development including a new city centre park, several hundred new council houses and a successfully reopened Nottingham Castle. Councillor Mellen has also led the push for a devolved Combined County Authority in the East Midlands and championed a reading scheme that has delivered thousands of free books to children in Nottingham. After five years as leader, Councillor Mellen has decided that he will not put himself forward at the leadership contest in April. He will remain in post until the new leader is formally appointed at a meeting of all Nottingham City Councillors on 13 May 2024. He will continue to serve as a Labour councillor for the Dales ward in the city. Councillor Mellen said: “It has been a privilege to serve the city as leader for the last five years. There have been many challenges as well as successes – and I have always tried to do my best to provide the leadership that the people of Nottingham deserve. I am grateful for the support and understanding I have received in my time as leader. After five years in the role, I have made the decision to step aside to allow fresh leadership to continue our council’s journey of improvement. “I am proud of our continuing vision to improve Nottingham: the ongoing development of the Island Quarter and the revamped Broad Marsh bus station and library, the new Nottingham College campus and the emerging Green Heart will be a legacy for the city in the southern gateway for people who work and visit here. “We have reopened Nottingham Castle and made it once again a must-see attraction – the jewel in our city’s crown which is now attracting tens of thousands of visitors. “I have been a champion for Nottingham’s ambition to be a carbon neutral city by 2028. Our climate emergency demands that people in any position of power must take positive action to protect the planet for the future, and Nottingham is leading the country in the steps we have taken to reduce emissions. “Working with other council leaders in the region, I have been an architect for a devolved authority of combined councils across Nottinghamshire and Derbyshire in the East Midlands, which will allow us to fight for a fairer share of funding for our citizens. This combined authority was approved by Government last month and will see our first elected Mayor in May. “I have also been an advocate for reading and literacy and have long supported the development of the Nottingham Imagination Library that has given more than half a million free books to children aged 0-5 in our city. This is an important work that I intend to continue as a back bench councillor. “It was a privilege to lead our city through the hard times of the Covid-19 pandemic. I will always be proud of the way that everybody pulled together to look after those who are most vulnerable in our city during those long months of lockdown. We also stood shoulder to shoulder following the death of the Queen. Last year the city stood together at the Market Square vigil following the shocking murders of three people in our city. “It’s no secret that our council continues to be in a difficult position. Due to underfunding, we have reluctantly agreed difficult budget cuts and reductions to the services we provide for our city. We have commissioners overseeing the running of the council. We face further budget challenges in future years until a fit and proper model for funding local authorities can be agreed. “There are challenging times ahead. However, I feel strongly that the journey of improvement that we have started is the right one and that our council remains on the right road to recovery. Now is the time for fresh leadership to take the council forward further on this journey. I have no doubt that whoever succeeds me as leader will have a firm foundation and the right support to finish what has been started. “I love this city; Nottingham has been my home for more than 40 years and will always remain a champion for the people who live here.” Councillor Mellen was born and educated in Ipswich and came to Nottingham to study at Trent Polytechnic in 1982. He taught for 21 years in the city and county starting his career at Jesse Boot Junior School, continuing at Crossdale Drive Primary in Keyworth and most recently serving as Headteacher at Mellers School in Radford for four years. He has lived in Sneinton for the last 35 years where he chairs the management committee of Bakersfield Community Centre and supports a variety of other community groups. In May 2015 and 2017, he was the Parliamentary candidate in Rushcliffe for the Labour Party. He has been a councillor for 22 years and represents the Dales Ward in Nottingham.

Plans to replace Nottingham office building with new apartments tipped for approval

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Plans to replace Nottingham office building with new apartments tipped for approval
Plans for new apartments on Nottingham’s Waterway Street, in place of a vacant 1970’s two storey office building, have been recommended for approval by the city council. The proposals for the site near Nottingham train station come from Rainier Developments, and would see the demolition of the existing Waterway House building and construction of a new build development comprising 191 apartments. The scheme would offer 122 one bed and 69 two bed flats over a block of three to eight storeys. The development would provide 22 car parking spaces and 4 disabled parking spaces, as well as 191 cycle parking spaces within cycle store rooms. The site on Waterway Street was purchased by Rainier Developments from Nottingham City Council last year. The proposals for the scheme will go before the Planning Committee on 20 March.

Businesses collaborate for Derby city centre regeneration project

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Businesses collaborate for Derby city centre regeneration project
Matthew Montague Architects (MMA) are collaborating with VINCI UK Developments and ION Developments as part of the design team for an extensive regeneration project in Derby city centre, led by Derby City Council. The partnership between Derby City Council, VINCI UK Developments, and ION Developments marks a significant milestone in the rejuvenation of Derby’s city centre. Daniel Evans, architect at MMA, said: “We have been talking to the team at VINCI and ION for the past year. We were approached due to our deep-rooted local knowledge and understanding of the architectural landscape of Derby. “We have introduced the VINCI UK Developments team to other key stakeholders within the city including; Marketing Derby, representatives from the estates department at The University of Derby, Electric Daisy and Down to Earth. We are passionate about Derby so to then go on and be part of the team that developed design ideas for two key projects within the plan has been fantastic.” The regeneration plans unveiled by Derby City Council set the stage for a vibrant ‘cultural quarter’, which will encompass a new cultural, commercial, and creative hub centred around the former Assembly Rooms site, creating an area with commercial viability and a new, quality cultural and entertainment offer. Matthew Montague, principal architect at MMA, expressed his enthusiasm for being part of such a significant city centre development. “As Derby-centric architects, we are thrilled to contribute to the design team for this ambitious project. Our goal is to create spaces that not only elevate the urban landscape but also enrich the lives of residents and visitors alike in an area we know so well.” Over the coming months the partnership will work collaboratively with the council, businesses and community stakeholders to develop their vision and design for the regeneration of the city centre.

Anthony James Insurance Brokers makes two new Board appointments

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Anthony James Insurance Brokers makes two new Board appointments

Anthony James Insurance Brokers has rewarded talent by appointing two new directors to its Board after a year of sustained growth.Josh Gough and Greg Sands have been promoted by the Loughborough-based firm as it seeks to maintain and develop the volume of its work after the business grew by 38% in 2023.Josh is Anthony James’ new commercial director. He will focus specifically on elevating the delivery of the company’s service, helping to build and maintain relationships with clients, stakeholders, and partners. He will also look to drive initiatives for process improvements and further grow the business.Jacob Duckworth, managing director, said: “Josh has consistently demonstrated a high level of care and attention to detail over the many years he has worked at Anthony James.

“He has a lot to offer in terms of strengthening our opportunity, that he could not facilitate in the capacity of his previous position as an account executive. He has been recognised for his efforts and talents and is sure to raise the bar on client satisfaction.”Greg is Anthony James’ new technical director, and will further the level of technical knowledge amongst the team. Within his new role he will look to implement structured training and development programmes that aim to challenge individuals and create opportunities for them to grow within their position.

“This ultimately adds value to the company’s clients by further supporting them with an even more well-rounded team of champions that they can rely on, no matter what the issue they face,” explains Duckworth.Jacob concludes: “With 30 years’ experience in the industry himself, Greg is well placed to lead the charge as he has dealt with an array of adverse circumstances providing him with unique insights on the most effective way of transferring risk.

“Greg’s passion for both insurance and Anthony James have made him a critical source of support within the business, and so it was only right to recognise his value by giving him the capacity to implement his ideas that will ensure we maintain a standard of excellence.“Whilst Greg and Josh have both been a part of our business for a long time, I am delighted to welcome them to our team of directors to provide additional support specifically to my role, as we enter the next chapter of our business.”

How do you avoid financial forecasting that ends up with rain instead of sunshine? By James Pinchbeck, partner at Streets Chartered Accountants

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How do you avoid financial forecasting that ends up with rain instead of sunshine? By James Pinchbeck, partner at Streets Chartered Accountants
James Pinchbeck, partner at Streets Chartered Accountants, offers tips for mastering financial forecasting for founders and entrepreneurs. Financial forecasting can often feel like the weather forecast, financial predictions not always being as rosy as planned, or in many cases, as hoped – a bit like the weather, whilst sunshine is predicted rain all too often can be the outcome. Whilst many businesses will look to use financial forecasting as part of their day-to-day management, there are also many who only produce financial forecasts based on need, say for external finance or investment. Certainly, those routinely producing forecasts can and do tend to benefit from having validity and accuracy with greater assurance around the numbers and the assumption used to produce them. They are also likely to be subjected to more review, check and challenge helping to improve their rigour over time. The challenge in terms of effective financial forecasting it seems is more so with those looking to produce ad hoc forecasts. Often this can be the early start-up or scale up businesses looking for capital or investment to take it to the next stage. Few founders or entrepreneurs looking for funding are likely to be a qualified accountant or have the prerequisite skills or experience to produce financial forecasts. Therefore, when preparing financial forecasts to seek or obtain financing, entrepreneurs and business owners often make several common mistakes. These can undermine their credibility with lenders or investors and reduce the chances of securing the needed funds. Here are some of the most common mistakes to avoid: 1. Overly Optimistic Revenue Projections One of the most common mistakes is projecting unrealistically high sales or revenue figures. Entrepreneurs may be overly optimistic about their growth potential, leading to inflated forecasts. 2. Underestimating Expenses Underestimating operational costs, including operating expenses, cost of goods sold, and unexpected expenses can result in cash flow problems. 3. Ignoring Seasonality and Cyclicality Failing to account for seasonality or cyclicality in your business can lead to inaccuracies in your forecasts. 4. Lack of Detail Some entrepreneurs provide vague or incomplete financial forecasts, omitting crucial details that would help lenders or investors understand their assumptions. 5. Inconsistent Projections Inconsistencies between different parts of your financial forecast, such as a mismatch between revenue growth and expense growth, can raise doubts about the accuracy of your projections. 6. Not Adequately Addressing Risk Failing to acknowledge potential risks and uncertainties in your business plan can erode investor or lender confidence. 7. Neglecting Working Capital Needs Overlooking the working capital requirements necessary to support growth can lead to cash flow shortages. 8. Not Demonstrating Financial Expertise Lenders and investors want to see that you understand your financials. Failing to demonstrate financial literacy can undermine confidence. 9. Overlooking Debt Serviceability When taking on debt, entrepreneurs may not account for the interest and principal payments in their forecasts. 10. Ignoring Feedback Entrepreneurs sometimes resist feedback from financial professionals, investors, or lenders, leading to missed opportunities for improvement. By avoiding these common mistakes and presenting well-researched, realistic financial forecasts, entrepreneurs can enhance their credibility and increase their chances of successfully obtaining financing. As you might expect the support of an accountant is often a real asset, not least that it provides increased assurance to potential lenders or investors. See this column in the March issue of East Midlands Business Link Magazine here.
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