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New Energy Centre unveiled in Derby
Internet of Things business placed into administration
Revealing the fall into administration to the London Stock Exchange, Ian Ritchie, chairman of Tern, said: “Whilst it is obviously very disappointing that Konektio has been placed into administration, it was clear to the Tern board that the Konektio business had lost focus in the second half of 2023. We therefore decided not to invest further in Konektio in November 2023 and Tern’s stake was significantly reduced.
“The nature of investing in early-stage technology businesses is that there will inevitably be the occasional failure, but this is a first for Tern. I am happy to report that the remainder of Tern’s portfolio companies continue to perform well and I look forward to reporting on their continued progress in due course.”
In March 2023 Konektio, which specialises in digital transformation solutions for the industrial and manufacturing industries, moved to Chesterfield’s Northern Gateway Enterprise Centre from nearby Clay Cross. The business raised £2.1m in December 2021 from both the Midlands Engine Investment Fund (MEIF) and Northern Powerhouse Investment Fund (NPIF), managed by Mercia and Foresight Group, along with Tern plc. The company was previously known as InVMA.Nottingham City Council sets budget and makes significant cuts
- Reviewing Library Service provision while maintaining a comprehensive and efficient service offer appropriate to the needs of citizens.
- Removing the council contribution towards Area Based Grants to the voluntary and charity sector and grants to arts organisations and cultural sector.
- Reducing both the Community Protection and Resident Development services. The requirement to deliver duties relating to environmental enforcement and anti-social behaviour will be met.
- Reviewing the operation of community centres seeking to remove all council contribution from their operation.
- Re-structuring and reducing tiers and overall capacity across the Adult Social Care Assessment function.
- Closure of Colwick Park Activity Centre.
- Ending school uniform support for eligible families if the Household Support Fund grant does not continue.
- A reduction in council staffing levels of more than 500 full-time equivalent posts. Every effort will be made to limit compulsory redundancies through targeted voluntary redundancy.
Number of tech company start-ups in East Midlands jumps 20%
The number of new technology companies incorporated in the East Midlands jumped by a fifth (20%) to 1,627 last year, up from 1,358 the prior year. The figures suggest the region’s tech sector remains resilient despite broader economic challenges, according to analysis by audit, tax and consulting firm RSM UK.
Sheetal Sanghvi, office managing partner, RSM Nottingham said: “It is great to see the continued growth of tech incorporations in the East Midlands. From cyber security and artificial intelligence to data analytics and fintech, businesses in the region are pushing boundaries, helping the UK lead the way in the global tech market.
“With a rich ecosystem of start-ups, established tech giants, and pioneering academic research from its universities, the region continues to be a beacon for technological innovation and entrepreneurial spirit. Many of the groundbreaking technologies and digital solutions that businesses across the UK benefit from originate from the East Midlands and this is attractive to tech entrepreneurs wanting to set up on their own.”
The national data shows a total of 51,017 tech companies were incorporated in the UK last year, up 22% from 41,972 the year before. Key sub-sectors that saw significant growth included software developers, data businesses and IT consultancies.
All regions in the UK saw an increase on the previous year, except for Wales which still incorporated 1,150 businesses, a small decrease from 2022. Tech incorporations in London rose by more than a quarter (26%) on the previous year’s figure to 26,060.
Ben Bilsland, partner and technology industry senior analyst at RSM UK, said: “Our research is testament to the resilience of the UK’s tech sector despite global challenges. The rise in tech incorporations shows there is cause for optimism in this key industry.
“Whilst it’s impossible to ignore AI as a driving force behind UK tech incorporations, especially for businesses working in data, there will be other factors to consider. London projects itself as a leading global authority in tech, and that strength is reflected across the UK by a vibrant and energetic sector that consistently supports early-stage businesses.
“But the sector has, and continues to be, marked by layoffs, so it may be that these members of the workforce have been confident enough to go it alone, thereby fuelling incorporation growth.
“The government has an important role to play if this trend is to continue. Making valuable resources, including AI compute, accessible for universities and early-stage entrepreneurs is critical.
“Funding and policy changes, including innovation reliefs, that ensure a world-class tech workforce are crucial both in terms aiding education and skilled immigration. For those businesses working in AI, clarity on future regulation will assist the ability to forward-plan.”
Tech company incorporations by year
Region |
2022 |
2023 |
% change |
East Midlands |
1,358 |
1,627 |
20% |
East of England |
2,853 |
3,730 |
31% |
London |
20,627 |
26,060 |
26% |
North East |
605 |
704 |
16% |
North West |
3,167 |
3,602 |
14% |
Northern Ireland |
373 |
377 |
1% |
Scotland |
1,280 |
1,553 |
21% |
South East |
4,614 |
5,160 |
12% |
South West |
2,072 |
2,422 |
17% |
Wales |
1,257 |
1,150 |
-9% |
West Midlands |
2,230 |
2,797 |
25% |
Yorkshire and The Humber |
1,536 |
1,835 |
19% |
Total |
41,972 |
51,017 |
22% |
Works progressing on next phases of Lincoln Enterprise Park
Construction works to deliver the next phases at Lincoln Enterprise Park are progressing to schedule with 80% of space already reserved.
Located on the A46 near Thorpe on the Hill, Lincoln Enterprise Park is progressing with phases 7 to 10, which will bring an additional 34,500 sq ft to the park and could potentially create up to 100 new jobs.
Following the continued demand for commercial property in and around Lincoln and a successful planning appeal in 2021, developer and site owner LEP Developments commenced works in October last year, acting as both developer and contractor.
With groundworks done, steel frames ups and roofs complete, works to phases 7 and 8 – which are 6,500 sq ft each – are on schedule.
In total, phases 7 to 10 will bring 13 new mixed-use units ranging from 1,451 to 11,500 sq ft to Lincoln Enterprise Park, offering in-demand expansion opportunities for current occupants and new commercial premises for other businesses.
Current occupant and bespoke kitchen and furniture manufacturer, Krantz Designs, has been on Lincoln Enterprise Park since 2020. With its expanding client portfolio and desire to manufacture all its products in-house, the company has bought phase 7 as well as securing the lease of part of another unit as part of phase 9, giving the company a total of 20,000 sq ft at the park.
Managing director of Krantz Designs, Jamie Krantz, said: “With our showroom on historic Bailgate in Lincoln, we currently manufacture about 90% of our products here at Lincoln Enterprise Park, but for some time have wanted to increase that to 100%.
“We had no desire to move from the park as it’s the perfect location for us, is well managed and has a supportive business network, therefore when Nick secured planning for the next stage of expansion, I jumped at the chance to design and build our new HQ.
“We will have approximately 30 skilled team members at the park when we move into our new spaces later this year, which will include CAD technicians, cabinet painters, machinists and office personnel, and we will be recruiting in due course to fill new roles. The team and I are pleased to be continuing our journey at Lincoln Enterprise Park.”
Managing director of LEP Developments, Nicholas Falkinder, said: “At Lincoln Enterprise Park we support economic growth by providing our premium product in a unique and highly accessible location.
“Because of what we have on offer here and the service we provide, we have been fully occupied for over seven years. Jamie and the team at Krantz Designs are a great example of the business community at the park and how we support those businesses through leasehold agreements, then on to freehold opportunities if required.
“From the outset interest in the new units has been high and this resulted in 80% pre-construction sales in just a matter of months. The majority have been taken by existing occupants, which is what we strive for, and we are welcoming some exciting new businesses later in the year.
“I’m passionate about this park and its success, and for the first time we are developer and contractor, which is an incredible journey to be on to both ensure quality and see the progress onsite each day. I want to thank our community of businesses here and everyone who has made these next phases possible.”
Phases 7 and 8 are due for completion in the summer this year, phase 9 in early autumn and phase 10 in early 2025. Two units remain available to rent or buy and are being marketed by local agents Pygott & Crone and Lambert Smith Hampton.
All contractors working on the site are East Midlands-based and include CM Civils, a Lincoln-based civil engineering company which has delivered the groundworks.
Subject to planning, there is scope for further expansion at Lincoln Enterprise Park.
Derby digital marketers’ office move gives it twice the space to innovate
A Derby digital marketing agency says it has created new space to innovate, expand and grow after it doubled its floorspace by locating to bigger offices.
JDR Group has moved into a 2,938 sq ft office on the Wyvern Business Park, on the other side of Pride Park from its previous base in Brunel Parkway, its home for the past 12 years.
David Roberts, the company’s managing director, said: “This move is a major landmark for JDR Group and it’s a wonderful step forward for us to take in our 20th year and at a time when technology is creating incredible changes in our industry.
“It’s vital that we stay at the forefront of those changes and the new offices will help us to do that, because we have extra space and a larger boardroom to bring staff together for training, invite clients and bring in external consultants.
“It will also allow us to experiment with technology to explore what’s possible and where we should be looking to innovate in the future. There is so much potential with new tools like AI, and while it will mean that some roles may no longer be necessary, it will also mean new roles are created, many of which we simply aren’t aware of yet.”
Freeths bolsters insolvency practice with partner hire
Nottingham baby loss charity issues plea for help from local businesses for DIY SOS style QMC project
Baby loss charity Forever Stars has issued an urgent plea to local people, businesses, artists and workers for help with a DIY SOS-style makeover project for Queen’s Medical Centre (QMC) Nottingham’s Ward A23 and its garden, where families suffering baby loss through miscarriage receive specialist care and support.
With approximately 10 families seeking support on QMC’s Ward A23 each day, it plays a pivotal role in providing treatment and emotional assistance during tough times, and represents a crucial place for families experiencing baby loss before 20 weeks.
“Miscarriage is the most common kind of pregnancy loss, affecting around one in four pregnancies,” explains Forever Stars’ co-founder Richard Daniels. “Despite its prevalence, the emotional toll it takes on families often goes unspoken, leading to a silent suffering for many.
“Forever Stars recognises the need to address this sensitive issue, and provide essential support to those affected by miscarriage. We want to provide as much support as possible to those experiencing baby loss, and so are launching our ‘Supporting 1 in 4 for 2024’ Campaign.”
The charity – created by Richard and his wife Michelle following the stillbirth of their daughter Emily on 19 December 2013 – has pledged to raise £50,000 from donations, fundraising and financial support from local businesses for the Campaign. The money will be used to finance the renovation and improvement of Ward A23’s clinical and non-clinical areas.
The money will also be used to cover work and materials to completely redesign and refit a garden adjoining the Ward, to transform it into a more useable, inviting and appropriate sanctuary space for patients and their families.
“A23 has a fantastic team that supports families dealing with baby loss,” Richard says. “However, the limited funding allocated to A23 primarily caters for essential medical support, leaving the surroundings in need of attention.
“A23 is a busy area, often with the feeling of an A&E ward due to the nature of activities on the ward. We really want to create a better environment for families whilst they wait for treatment or a consultation, at what is a very difficult and scary time.”
Forever Stars has already begun work to transform two of A23’s treatment rooms, to create spaces that not only meet clinical requirements but also acknowledge the emotional needs of families going through miscarriage.
The charity knows that for the 1 in 4 Campaign to truly succeed, it desperately needs more than just financial support to make the renovation of the outside space possible.
Richard explains: “In addition to A23’s vital role in providing medical support, it has the rarity of a garden space, which is a sanctuary where families can retreat to try and deal with the weight of their loss.
“It’s also a valuable waiting area for fathers, and somewhere siblings can get fresh air and be kept occupied and distracted playing with toys while the rest of the family receives treatment. But, the garden requires a lot of attention.
“While Forever Stars’ team never stops fundraising to help support baby loss families, this major campaign is a big challenge, but one we are meeting head on.
“But we desperately need help, donations and resources from as many people and businesses as possible to not only support us in raising the funds we believe are necessary to develop what will be a truly special environment for the families, but also to donate their skills, time, materials, and talents,” explains Richard.
In particular, the charity is hoping for help from local artists to paint large scale murals on outside walls, and a number of specific items and equipment to make the project complete:
- Outside covered areas, seating, heating and lighting
- Audio systems
- Artificial grass
- Bedding plants
- Children’s outdoor toys.
“This is one of our biggest ever challenges, and something we know we can’t do alone. We need as many people as possible to join our fundraising efforts to help us to create a truly special environment for the families that need to use the ward. Support – big or small – can make a genuine difference to the lives of families across the East Midlands who rely on A23 during their miscarriage journey,” says Richard.
Forever Stars officially launched its ‘Supporting 1 in 4 for 2024’ campaign on 1 March 2024. Anyone wishing to donate their time, expertise or materials, or fundraise for the charity and this campaign, can email: enquiries@foreverstars.org.
More than 40% of England & Wales’ Top 25 Net Zero powerhouses are in the East Midlands
Hinckley & Bosworth (going by boundaries at the next general election) comes fourth out of all constituencies in England and Wales for the productivity of its Net Zero economy, a new report has found.
Businesses in sectors such as renewables, energy storage and sustainable construction make up 12% of the Hinckley economy by the Gross Value Added (GVA) measure of productivity, account for almost 2,000 Full Time Equivalent (FTE) jobs, and represent a value of £258 million.
Analysis by CBI Economics and Data City, commissioned by the Energy & Climate Intelligence Unit (ECIU), locates more than 40% of England and Wales’ Top 25 Net Zero economy constituencies in the East Midlands region. Mid Leicestershire, South Leicestershire and North West Leicestershire feature in the Top 15 along with Hinckley & Bosworth.
Researchers found Net Zero businesses in the East Midlands produce £5.1 billion (4.6%) of regional GVA, and that they account for 58,500 FTE jobs or 3% of employment in the region – the highest proportion in England.
Nationally, the study shows that Net Zero industry grew by 9% in 2023 and contributes £74 billion to the UK economy (3.8% of the total) – larger than the economy of Wales. It calculates that the 765,700 Full Time Equivalent roles in the green sector are better paid by almost £10,000: the average salary for a Net Zero job being £44,600 compared to the £35,400 UK average.
Midlands green businesses welcomed evidence of the sector’s significant contribution, but called on Government and partners to support the scaling up of their operations and an expansion of training.
“Since becoming an Enterprise Zone in 2012, our tenants have raised $22 billion (£17.38 billion) in VC investment to fund Net Zero transport technology R&D, with our infrastructure playing a key part,” says Tim Nathan of Horiba MIRA about the company’s 850-acre Technology Park off the A5, where he is the MD.
“The challenge for Government is turning that innovation into commercialisation opportunities for the UK. For example, [fuel cell developer and green hydrogen innovator] Ceres have announced their fuel cells will be manufactured with licensing agreements in Europe and Asia. The global marketplace is a competitive one and we have many strengths to shout about; but a lack of coherent industrial policy and investment does hinder UK growth.
“We are about to break ground on a 72,000 square foot building with a confirmed occupier for 50%, taking R&D into product manufacture. This new development has only been possible with investment from our Enterprise Zone retained business rates through Leicester and Leicestershire Enterprise Partnership and Hinckley & Bosworth Borough Council, and funding from our parent company HORIBA and our joint venture property partner Evans Randall.
“We need continued support to realise our masterplan for a combined 4 million square foot campus from incubation to production, where the employment potential alone could bring over £2 billion into the local economy.
“We have an on-site training centre of excellence in the MIRA Technology Institute, alongside our own Skills Academy through which we play a leading role with our Further and Higher Education partners in electrification skills and increasingly in hydrogen fuel cells. Our STEM Ambassadors visit and host local schools to showcase opportunities for purposeful and well-paid employment.“We are doing all the right things, but we need longer-term Government support and backing to really put Nuneaton on the map as the cleantech capital it has the potential to be.”
Dr Michaela Kendall of Birmingham-based Adelan, developers of microtubular solid oxide fuel cell (mSOFC) technology, warns the Midlands’ success in attracting Foreign Direct Investment in Net Zero industries masks tepid investment by the Government, leading to value being offshored.
Adelan has formed a partnership with Midlands neighbours the Manufacturing Technology Centre (MTC), Johnson Matthey and ANT Industries to explore scaling up fuel cell production for battery range extension. Last year, it showcased the capabilities of mSOFC technology to power a train in Rugby.
“The commercialisation of UK innovation in green technology is vital for cultivating a high-growth economy, supporting the creation and preservation of UK supply chain jobs, and advancing high-skilled manufacturing,” Dr Kendall said.
“When we put a hydrogen fuel cell project out, we were inundated by young engineers. No young engineer sees their future in combustion. “We have the two longest-running fuel cell companies in the UK in the Midlands and the national Hydrogen Champion in the Midlands [Jane Toogood at Johnson Matthey]. Why can we not make more jobs for young people in the Midlands, and retain more people coming out of our universities?”
British Business Bank launches Midlands Engine Investment Fund
Opening the doors to attracting women into manufacturing
Ashfield company Doorcerts is using this week’s International Women’s Day to encourage girls and young women to look at a future career in manufacturing and construction.
Every year International Women’s Day is held to “celebrate the social, economic, cultural, and political achievements of women” around the world.
Doorcerts, which is based in Stanton Hill, is led by commercial manager Sarah Armson. She wants to encourage more women and girls to get into industry.
Statistics show that women make up around 25 percent of the manufacturing workforce, while in construction, this figure is around just 15 percent.
Sarah, a former apprentice, is a member of Mansfield and Ashfield 2020’s Women In Business group, and completed a Women In Leadership course run by Nottingham Trent University.
She says she admires a number of business women, including Dragons Den star Deborah Meaden, and Carolyn Radford, who is the CEO and co-owner of Mansfield Town Football Club.
She said: “There is simply no reason why women cannot forge careers in the manufacturing and construction industry.
“Things are changing for the better but mindsets are the most important things that need to change. Some women and girls think that manufacturing is a man’s job, while some men do not think women are suited to certain roles.
“In fact, we did not have one female apply for a role as an apprentice. This has to change. The jobs are there, and in the right environment, there is no reason why women cannot flourish and lead careers based on their skills and merit.”
And she added: “That’s why days like International Women’s Day are important. They can be used as a beacon to lead the way.”
Doorcerts, based in Brierley Park Close, manufactures bespoke fire doors, and standard doors, and supplies necessary ironmongery and more, such as door handles or secure entry systems.
Sarah’s colleague Kelly Wheeler started working in the industry at the age of 20, and has spent a career in manufacturing.
She said: “There are many different roles in manufacturing and construction, and the old-fashioned view of a factory should be consigned to history.
“While some attitudes do need to change, there is no reason why women coming into industry cannot succeed by working hard and doing their best. We are already breaking down barriers so now is the time to take up the opportunities.”
Doorcerts is inviting schools and colleges in Nottinghamshire to get in touch to arrange a visit from Sarah Armson, who is experienced at giving talks to young people to try to get them to think about manufacturing as a career option. Any educational setting wanting to have Sarah visit should email Sarah@doorcerts.com.
East Midlands jumps to second in top fraud hot spots
The East Midlands has jumped from 12th to second position in the top hot spots for fraud, according to accountancy and business advisory firm, BDO LLP.
The firm’s annual FraudTrack 2024 report shows that the region is the second most prevalent region for UK reported fraud only behind London & the South East, reporting an increase of over 10,000% in fraud value. Compared to the previous 12 month period, the East Midlands also saw a 90% increase in the number of cases in 2023.
Among the notable cases in the region were a fraudulent investment scheme operated by a Spalding man, a Nottinghamshire-based home improvments scam, and a case brought against a UK car dealer regarding alleged ‘fraud or fraudulent misrepresentation’ in connection with a disputed software contract.
The BDO report showed that the overall value of reported UK fraud increased to £2.3bn in 2023, a 104% increase on 2022 and the second largest annual fraud value recorded by the firm since it first started analysing fraud data in 2003.
However, the true level of fraud is likely to be significantly higher, BDO has warned, as some organisations choose not to report the frauds they suffer. The latest Crime Survey for England and Wales revealed that fewer than one in seven fraud offences are reported to the police.
While the number of high value cases (over £50m) in BDO’s FraudTrack report increased by 60% in 2023, the total number of reported cases also rose, up by 18% to a three-year high.
The factors behind the rise include the large increase in online scams, phishing and system breaches, and huge spikes in Authorised Push Payment (APP) transactions when fraudsters trick the unwary into transferring money to them.
Sannan Khan, Partner and Head of Regional Investigation and Economic Crime Risk Management Services at BDO in the Midlands, said: “We are not surprised by the East Midlands jumping 10 places from 12th to second in the list of most prevalent regions for UK reported fraud. This is consistent with the surge in frauds that our forensic investigations teams are seeing on the ground.
“Many people choose not to report fraud because of shame or embarrassment. Businesses are also reticent about coming forward because of fears around negative publicity, reputational damage, and a lack of faith that the authorities will take action.”
One particularly concerning development is the rise in online fraud factories or cyberfraud centres, with reports of hundreds of thousands of individuals being trafficked to work for crime syndicates. The UN has recently estimated that such fraud factories are generating billions of dollars in revenue.
Looking back at the 10 year trend of data, the report identifies that not only are the number of reported cases of fraud rising but the amounts involved are also getting bigger. BDO has warned that this trend is likely to continue as new fraud-enabling technology and AI present new opportunities for fraudsters.
Khan added: “While we hope the introduction of the Government’s Online Fraud Charter will encourage the technology sector to narrow the opportunities for online fraud, the sad reality is that the fraudsters will be looking to stay one step ahead by exploiting new options like AI.
“The failure to prevent fraud offence and reforms to the identification doctrine introduced by the Economic Crime and Corporate Transparency Act 2023 should provide in-scope organisations significant incentives to revisit their fraud and wider economic crime risk management frameworks.”
Unit D progressing at pace at Beauchamp Business Park
Construction is underway on Unit D at Beauchamp Business Park, a new commercial development in Kibworth, Leicestershire. The steel frame is complete, with cladding and roofing works now ongoing at the 10,000 sq ft building. Completion is expected in May 2024.
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.
A sign of the popularity of the site, the freehold of Unit D has already been acquired by a local company. IMA Architects has worked closely with the purchaser to update the initial plans to make sure they met the requirements of the business. The building will be split into two 5,000 sq ft units, each with their own service yard.
Construction of the first phase of Beauchamp Business Park began in September 2023 and 80% of the units were sold or under offer within two months of being made available for enquiries.
The second phase of Beauchamp Business Park has secured planning consent and will see the creation of two additional terraces and a self-contained detached unit to be used for B1 and B2 use class.
Construction is scheduled to begin in Summer 2024 with completion expected in early 2025. 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.
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, adds: “As the initial plans were amended to meet the needs of the occupier, construction work on Unit D has been delayed slightly, so we are pleased to now see the steel frames in place.
“Working closely with occupiers to ensure they get the building that matches their needs is hugely important to us and we are looking forward to delivering the building in the coming months.”
Kevin Webster, Associate Director at Clowes Developments, adds: “Our long-standing relationship with IMA Architects enables a fluid design process from inception to delivery.
“This flexibility provides a unique opportunity to collaborate with end users by tweaking plans to suit their requirements, something we have found useful over the years. We look forward to bringing forward phase two in the next few months and encourage enquiries through our agents TDBRE and Philips Sutton.”
Housebuilder acquires Pleasley site to deliver £90m new home development
A housebuilder has secured a multi-tenure new homes development site at Pleasley Hill, after exchanging contracts on 22-acres of land at Pleasley Hill Farm, Mansfield.
Subject to planning, Avant Homes Central will build 396 of its two-, three- and four-bedroom homes which will have a gross development value of £90m.
The housebuilder will be investing circa £55m to deliver this development, supporting local businesses and communities over a six-to-seven-year period.
The site will form part of a mixed-use development of up to 850 dwellings across a wider area, which will also include retail and commercial space.
Avant Homes Central’s proposed development will deliver 396 new homes covering all price points and a range of tenures, including 40 houses designated affordable housing. The housebuilder’s new homes will also be available for those customers wishing to access the private rented sector (PRS).
Avant Homes Central has also committed to community contributions of around £2.1m towards the provision of local services, education and healthcare.
The housebuilder acquired the site from a private vendor for an undisclosed sum.
Matt Barker, director in charge at Avant Homes Central, said: “Our Pleasley Hill Farm site acquisition represents an exciting opportunity for us to expand our development footprint into Mansfield.
“As a housebuilder, we want to build quality new homes for everyone and this site is an ideal location for us to deliver our range of practically designed, energy efficient homes in a place people want to live.
“We look forward to working with Mansfield District Council and submitting our plans to deliver a new and thriving community within the town.”
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