- Engagement with minerals and logistics companies
- Bus service improvement plan actions (bus priority through the town and a mobility hub)
- Real-time travel information for key routes through the town to distribute traffic
- ‘Modeshift STARS’, a travel plan programme in which schools would seek to encourage sustainable travel for teachers, parents and pupils
Derbyshire County Council selects Leicester’s EarthSense for air quality monitoring
Growth returns for UK economy
Red flags for East Midlands businesses as government forecasts economic growth
East Midlands businesses face a tough road ahead if they are to meet Britain’s 0.8% economic growth forecast for 2024, cited by Chancellor Jeremy Hunt this month (6/3/24) and based on latest projections from the Office for Budget Responsibility (OBR).
Although the forecast is higher than the 0.7% highlighted in the OBR’s previous outlook, published last November, new research from the Midlands branch of the UK’s insolvency and restructuring body R3 indicates the extent of the struggle facing the region’s companies as they attempt to fight back from a pandemic and a 2023 slump into recession.
Based on an analysis of data from business intelligence provider Creditsafe, the R3 Midlands figures show that East Midlands insolvency-related activity – which includes liquidator and administrator appointments as well as creditors’ meetings – increased by 27.03% last month compared to January, and by 2.17% against 12 months previously in February 2023.
A further ‘red flag’ for the East Midlands economy is raised through a decrease in the number of start-up businesses in the region, which has fallen by 8.68% from 2,995 in January to 2,735 in February.
Additionally, the number of East Midlands companies with late payments on their books has continued to rise, from 23,194 in January to 23,307 last month.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “There are a number of forces hindering economic recovery, not just in the East Midlands, but throughout the UK.
“Some of them are due directly to the pandemic and the subsequent withdrawal of monetary support, but other factors include the war in Ukraine and a tightening of monetary policy to control inflation and the cost of borrowing.
“The uncertainty this is creating in the local business sector is significant, and it appears to be impacting on entrepreneurial prospects in the region as well as on the health of more established companies.
“It’s therefore vitally important for business owners to be cautious and keep a very careful eye on cashflow as the economy continues to challenge. If difficulties arise, it’s crucial to take professional advice as soon as possible.
“There is much which can be done to support local business owners if they decide to seek help early enough.”
Ilkeston furniture manufacturer receives £7.5m investment
Plans submitted for 18-storey residential development in Nottingham
Innovation Awards finalists meet competition sponsors
Lincoln tech business makes acquisition as part of growth strategy
Derby HR & employment company recruits new head of client services
A HR & employment company has continued its growth by adding an experienced head of client services to its ranks.
Derby-based Precept has welcomed Mark Honeybell to the team. Mark has previously worked for Flint Bishop, Knights and TDX Group, where he was client services excellence manager.
His appointment brings the number of members at the Mansfield Road business – part of the Barron McCann group of companies – to seven.
Mark, who is also commanding officer in a voluntary role with Derbyshire Army Cadets, said: “I am delighted to have joined the team at Precept.
“I have been admiring them from afar for a while now and I like their ethos and what they stand for; they offer no-nonsense HR & Employment Law services and genuinely care about the people they work with.”
Mark has known Precept director and co-owner Rob Tice for more than 10 years; the pair worked together at Flint Bishop in 2010.
“The position I held at Flint Bishop was very similar to the one I’ll be doing at Precept,” said Mark.
“My job at Flints was to grow the business and Rob trusted me to just get on with it; we worked well together, and it will be great to rekindle that relationship at Precept.
“My job at Precept is to get to know the clients and to nurture the relationship. It’s a very important job and I’m looking forward to understanding more about Precept’s clients and what they’re about.”
Mark spent more than five years in the Army. A former cadet himself, Mark looks after 950 young people as Commandant with Derbyshire Army Cadets.
It is a big commitment, but one that Mark relishes. He said: “I have a team of 160 people and we are governed and guided by the British Army.
“My main responsibilities include leading and overseeing the delivery of people activities across the organisation and attracting new volunteers.
“We cover a huge area of Derbyshire and aim to give these young people – many whom are from disadvantaged backgrounds – opportunities to grow themselves during trips to incredible places. In the past, we’ve taken cadets to Cyprus and the base camp of Mount Everest. It’s hugely rewarding.”
Director and co-owner Rob Tice said: “We have gone through a huge period of growth over the last 18 months at Precept and we are delighted to welcome Mark to the team; we are now one of the largest HR & Employment Law teams in the East Midlands.
“Mark brings with him a wealth of experience and we are looking forward to another busy year at Precept.”
Rolls-Royce SMR welcomes international agreement between UK and Poland
Well known Chaddesden business under new ownership
One of Chaddesden’s best known businesses is under new ownership after a member of staff bought the firm saving it from closure.
Carpenter Myles Hayhurst, 31, had been working for Castle Blinds, in Nottingham Road, for three years when its owners decided to put it up for sale after running the store for 26 years.
Myles, who previously worked as a precision carpenter making bespoke home furniture, has pledged to take the firm into its third decade by continuing to offer a wide range of tailormade blinds, shutters and curtains to homes and businesses in Derbyshire.
He has retained all nine members of staff at the firm and already secured contracts with a number of big clients most recently replacing the blinds in the Lund Pavilion at Derbyshire County Cricket Club.He said: “Castle Blinds has been a long-standing fixture in Chaddesden for decades and has sold and fitted thousands of blinds, most of which were made in our workshop.
“Our products are really high standard and reasonably priced, so I know we have potential to be on the high street for another 26 years – there is potential to double our turnover in no time at all.“My background in carpentry means I have an attention to detail that is deeply engrained – I measure everything to the millimetre and I’m swift of foot; all potential customers receive their quote within 24 hours.”
The firm has forged collaborations with Peveril Interiors and Floorcraft and has provided curtains and blinds for companies including Rolls-Royce, Bower and Kirkland, Mitie, JCB and Trent Barton.
Most of the curtains and blinds are made on site at the shop, which is an Aladdin’s cave of fabrics, or in the purpose-built shed at the back of the store.Myles, who attended Chellaston School, added: “I will be forever grateful to the previous owners Peter and Teresa for the opportunity they have given me and I fully intend to continue their hard work across the East Midlands.
“We have some customers who have been coming to the shop for years because they know we make everything on site and so can be really bespoke, plus we offer that personalised service.
“Olive and Karen in the shop have a combined experience of 24 years so they know our products really well. We ensure a perfect fit and believe we’re the best in the region at what we do.”
Melton Mowbray industrial investment sold
East Midlands business activity growth quickens to fastest since April 2022
IT firm owner gears up for busy year of fundraising
The owner of an IT firm is gearing up for a busy year of fundraising for local charities that includes a family fun run and an epic bike ride to Skegness.
Lee Jepson, founder of L.E.A.D. IT Services and a former Noel-Baker Academy pupil, will cycle the 100 miles from Derby to the Derbyshire Children’s Holiday Centre in Lincolnshire, raising vital funds for the charity that, last year, provided 360 children from the county with a five-day seaside stay.
Money raised from the bike ride will, for 2024 – the 10th anniversary of the ‘SkegVegas’ trip – be split between the Derbyshire Children’s Holiday Centre and Derby Kids’ Camp; a volunteer-led charity committed to providing free holidays for the city and county’s most deserving young children.
Lee is also preparing for the Derby 10k Family Fun Run – part of the annual race around the city – which will be sponsored by L.E.A.D. IT Services.
He said: “The Derbyshire Children’s Holiday Centre holds a special place in my heart, as the charity provided me with a seaside break when I was younger.
“I will be volunteering this year with Derby Kids Camp, too, so the 10th anniversary of the much-loved SkegVegas bike ride, which will raise funds for both charities, proved an ideal opportunity to take part.”
L.E.A.D. IT Services provide IT solutions to businesses and schools across the UK. They currently work with 70% of Derby schools – including growing multi-academy trusts including Embark Federation and Reach2 Academy – and have recently moved into new premises, on Pride Park.
In the past, L.E.A.D. IT Services have sponsored the England Dodgeball Team and Derby-based Mickleover FC Girls.
They currently sponsor Notts County Ladies FC and, in 2019, they supported the Project Zao Schools Football Tournament, which saw junior teams in the East Midlands compete for the ‘Community Engagement Champions Cup’.
Organised by the Derby East Safer Neighbourhood team, the aim of the tournament was to educate youngsters about knife crime.
Lincolnshire business lands £300k grant to develop crypto platform
East Midlands Chamber at Westminster to present growth manifesto for the region to government
Improvements to taxation, infrastructure, skills alongside reform of the planning system are among key asks that will be handed to the UK government and MPs today in a new manifesto from East Midlands Chamber.
Under the proposals taxation and regulation would see reforms to make them simpler, transport would benefit from electrification of the Midland Main Line and upgrades to key road networks, while acceleration of full-fibre broadband roll-out across the East Midlands would boost digital growth.
The document also identifies the ‘Big Opportunity’ for the East Midlands – to develop the region as a centre for the future of energy production, storage and provision.
Hosted by Nigel Mills MP, co-Chair of the East Midlands All Party Parliamentary Group, alongside East Midlands Chamber President Stuart Dawkins and Chair of the Board Kevin Harris, and with a delegation of regional business leaders in attendance, the event at 13.00 today in Westminster will mark the official launch of the Manifesto for Growth 2024.
Speaking ahead of the Westminster launch, East Midlands Chamber Chief Executive, Scott Knowles, said: “This document is the culmination of in depth engagement with our members.
“It builds upon our core themes of Innovation, Infrastructure, International trade and Investment, making specific recommendations in four areas: Skills reform for the reality of today’s workforce; Transport and infrastructure that is fit for purpose; Developing a taxation and regulation regime that is aligned with a long-term vision for the country; and how we fix the broken planning system.
“We’re also really excited to be presenting our Big Opportunity, to create a centre for the future of energy production, storage and provision in the East Midlands. We’ve already had some exciting recent developments in this space, including the STEP fusion plant development in West Burton, the Freeport’s ambitions for the Ratcliffe-on-Soar Power Station site and the work Rolls-Royce are doing on Small Modular Nuclear Reactors.
“A vision of the future where the East Midlands is exporting the products, processes and people that can deliver Net Zero is absolutely possible, and it’s essential that we get the right policy support from Government to unlock that opportunity.”
Chris Hobson, the Chamber’s Director of Policy & Insight, added: “We might not know when a General Election will be called, but it’s a certainty that it will at some point in the next ten months. With economic growth still precarious after several disruptive years, it’s a critical time to release this Manifesto that outlines the things businesses have told us they need for those that live and work in the East Midlands to be successful.
“This isn’t a zero sum game. If we get this right we all win. And the policy environment in which we operate is a key enabler to helping us get this right. Whoever is leading the country, businesses themselves will continue to do what they’ve always done: looking to develop opportunities, open new markets and maximise the materials they have and circumstances they are in to be successful.”
Some of the key asks in the Manifesto for Growth 2024 include:
- Business rates: Full review of the system
- Tax and regulation: Simplify the R&D tax credits system
- Skills: Incentives for businesses that invest in staff training
- Infrastructure: Speed up rollout of full-fibre Broadband
- Planning: Let the private sector plug gaps on council staffing
- Transport: Full electrification of the Midland Main Line commitment, reinstatement of direct rail links between Coventry and Leicester and improvements to the A50/A500 and A46 corridors.
Clowes Developments employees vote to fundraise for Derbyshire Mind
Midlands Connect highlights benefits from linking cities by rail
Managed hosting and data centre services firm expands in Nottingham
Saint-Gobain PAM UK reveals plans to close Leicestershire factory
Saint-Gobain PAM UK has revealed plans to close its Holwell factory in Melton Mowbray.
It puts 161 staff members at risk of redundancy, according to reports in the Construction Enquirer, as the firm looks to move the manufacturing of access covers and gratings products to its factory in Blénod, France. A period of consultation is now underway with employees and the GMB union. A closure of the factory is not expected until the end of the year.