Go-ahead given for 392,000 sq ft M1 industrial scheme

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Go-ahead given for 392,000 sq ft M1 industrial scheme
Developers HBD, part of Henry Boot, and CEG have secured a resolution to grant planning permission for APEX; a new 392,000 sq ft logistics and manufacturing hub in Mansfield that could create up to 500 new jobs. The partnership will deliver five high-spec buildings at the site, formerly known as Penniment Farm, ranging from 30,000 to 150,000 sq ft and ready to occupy from Autumn 2025. APEX is located on one of the Midlands’ key industrial corridors, with motorway access from J28 and J29 of the M1, and each of the buildings is designed with sustainability in mind.Vivienne Clements, head of industrial and logistics at HBD, said: “We’re pleased to be working with CEG to deliver this latest logistics scheme – it benefits from an excellent position on the M1 and, given its sustainability credentials and the local skills base in Mansfield, we expect to see strong interest from potential occupiers.“Supply of high-spec industrial stock coming forward remains low across key industrial corridors in the Midlands – we’ll be looking to bring space forward quickly to meet established demand, with the first buildings ready to occupy from Autumn 2025.” Matthew Rhodes, planning manager at CEG, said: “We have worked on the Penniment Farm development for many years and new homes are already being delivered at the site. “This significant proposal represents one of the largest job creation projects in Mansfield in recent years and will assist the Council in delivering its economic strategy of attracting inwards investment and creating more job opportunities for local people.
“The development will provide flexibility, both in terms of uses and unit sizes, and is located in a strong commercial location with good transport links and access to a large, growing workforce. The site will appeal to a wide range of occupiers, from inward investing companies, trade and industrial occupiers to local businesses seeking higher quality space.
“Having delivered a number of Midlands employment sites, including Vesuvius at Worksop and Vaughan Trading Estate in Tipton, we are confident that APEX will also be a huge success, creating hundreds of jobs and economic benefits for the local area.”
The property agents for APEX are FHP, CPP and M1 Agency.

Have we become too obsessed about the use of technology in our businesses? By James Pinchbeck, partner at Streets Chartered Accountants

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Have we become too obsessed about the use of technology in our businesses? By James Pinchbeck, partner at Streets Chartered Accountants
James Pinchbeck, partner at Streets Chartered Accountants, reflects on the “frenzy of activity” in businesses adopting new tech. The last 12 months seem to have been unprecedented in terms of the use and introduction of technology and digital innovation. Who would have thought that OpenAI and ChatGPT only really came to market and wider use in November 2022? With the launch of Google’s AI and other platforms there does seem to be a frenzy of activity as organisations seek to understand what artificial intelligence can do for them or how it might impact their businesses. This follows several years, which included the pandemic and lockdowns, when we looked at the use of technology and digitisation to manage our organisations. Following Brexit increased focus was also placed on the use of technology to address issues around supply chain management and labour shortages. On a personal basis, all of us no doubt are having to master and get to grips with a growing number of software programmes and platforms aimed at making our lives, or at least the day job, easier. How often though do we find things take longer, don’t work as promised and in fact are more of a hinderance than a benefit? From a consumer perspective, it seems we are increasingly required to use automated communications, customer portals and management systems, apps, digital receptionists and chat functions. How often though do these leave us with a sense of frustration, disillusionment, and dissatisfaction? Perhaps the ultimate is when the technology does not work and whilst the problem could be a ‘picnic’ (problem in chair not in computer) there does seem to be an increasing level of system failures. The cost of which can be significant in more ways than just financially, with demoralised workers, dissatisfied customers, and even corporate reputational damage. Has the time then come for business leaders and organisations to take a fresh look at their strategy and approach to the role and use of technology? At the same time there is a need to consider the balance and our focus around being driven or controlled by technology versus the needs of our customers and work colleagues. For some there is probably a need to realign our thinking in terms of being focused on the problems technology can solve or the benefits it brings as opposed perhaps to being taken in by the latest ‘exciting’ innovation or trend or the salesperson’s pitch! A starting point could be considering what problems we look to solve in terms of the use of technology. These include:
  • Increasing productivity
  • Improving working practices for employees
  • Increasing operational capacity
  • Reducing costs
  • Improving profitability
  • Addressing labour and skills shortages
  • Improving and enhancing customer experience
  • Offering customers something new
  • Gaining a competitive advantage
  • Improving internal reporting and management
We also need to consider the wider implications around the introduction of new technology in terms of implications for users, the need for training, ongoing support, security and increasingly good governance. If any of this article resonates with you then perhaps it is time to revisit your approach and even attitude to the use and adoption of technology in your organisation.   See this article in the February issue of East Midlands Business Link Magazine here.

Charity’s office refurbishments reach completion after receiving grant

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Charity’s office refurbishments reach completion after receiving grant
Living Without Abuse, a charity supporting anyone affected by Domestic Abuse and/or Sexual Violence across Leicestershire, Leicester and Rutland, are finally enjoying their new working spaces after a much-needed refurbishment at their Loughborough and Leicester offices. Severn Trent Community Fund awarded the charity £14,840 to complete the project, which saw the offices that staff and clients use at LWA receive a much-needed makeover, to provide a warm, welcoming, and safe space for employees and victims escaping trauma. With almost sixty colleagues using the offices daily to advise, help and support those fleeing or enduring unthinkable situations, it was important that this was done efficiently and quickly, without disrupting them and their workload. After receiving the funds back in April 2023, LWA wasted no time in planning and ensuring funds were well spent, providing new office furniture, network improvements, furnishings and decorating rooms to allow staff and clients to feel happier in their working environment. Work began on LWA’s Loughborough office in August, turning their dated meeting room and offices into a relaxed, inviting environment for all. As well as comfortable furniture and artwork, sound proofing was implemented into the wellbeing/lounge areas to ensure clients and victims of domestic abuse could come and talk to members of LWA’s professional teams in confidence. The Leicester office located on London Road needed a little more than furniture. Long-serving colleagues were consulted on their opinions and palettes, and after a hiring a decorator to begin the makeover, the client meeting rooms and wellbeing areas were transformed from grey and cold, to warm and inviting in under a week. Emma Bliss, fundraiser, says: “Thanks to the funding and support from the Severn Trent Community Fund, we have been able to refurbish both our Leicester and Loughborough offices. Our staff deal with a multitude of clients daily, often experiencing stressful and sometimes, very dangerous situations. “With support needs and demand for LWA’s services increasing every week, it was so important that we could use the funding to provide comfortable and inviting office spaces where colleagues looked forward to coming to work in, and clients could feel safe and relaxed when visiting to discuss sensitive topics.”

Green light for Edwalton  convenience store and retirement apartments

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Green light for Edwalton  convenience store and retirement apartments

Planning permission has been granted for a new convenience store and 77 retirement apartments at Edwalton, near Nottingham.

Developer Charterpoint and not-for-profit housing provider Anchor have received reserved matters planning permission from Rushcliffe Borough Council for the scheme on the corner of Rose Way and Melton Road.

The 2.2 acre site will feature a single-storey convenience store, plus a three-storey retirement apartment scheme providing a range of one and two-bedroom apartments.

Charterpoint has now completed on the deal to sell part of the site to Anchor, England’s largest not-for-profit provider of housing and care for people in later life.

Anchor will carry forward and operate the retirement development, which will include a range of residents’ amenities and a courtyard garden, as well as 77 apartments.

Charterpoint will develop the remainder of the site for the convenience store and will announce further details in due course.

Charterpoint CEO Adrian Goose said: “We are very pleased to have received reserved matters planning consent for this key plot in Edwalton and to have subsequently sold part of the site to Anchor.

“The area around the site has grown considerably in recent years, with new housing, retail and commercial developments. Our plan for the site on the corner of Rose Way and Melton Road will bring a new convenience store to the neighbourhood.

“It will also provide much needed affordable retirement apartments for the community, operated by Anchor, which will help to free up larger family homes in Edwalton, West Bridgford and the wider area.”

Patrick Duffy, Anchor’s director of new business, said: “We are delighted to have acquired this site from Charterpoint. This is a key new development for us to work in partnership with Rushcliffe Borough Council to provide affordable homes for older people locally. We look forward to working with Charterpoint to deliver the wider scheme for the local community.”

The plans for the Edwalton site were designed by Brewster Bye Architects.

Nottingham-based Retail Assist joins Derby tech firm Barron McCann group of companies

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Nottingham-based Retail Assist joins Derby tech firm Barron McCann group of companies
Nottingham-based Retail Assist – a provider of managed services and IT solutions that works with the likes of Selfridges, Harvey Nichols and Vue International – has been acquired by local businessman Alan Watson, executive chairman and owner of independent technology service provider Barron McCann. Established in 1977, Barron McCann provide IT installation and maintenance services, solution design and hardware procurement within the retail, hospitality, leisure, and retail banking sectors. Headquartered in Derby with over 300 employees, Barron McCann serves many leading brands throughout the UK and Europe, supporting over 21,000 sites. This acquisition is the next step in a successful and collaborative partnership between Retail Assist and Barron McCann, spanning over 15 years. “We are thrilled to join forces with Barron McCann and embark on this exciting new chapter,” said Kevin Greathead, Managing Director of Retail Assist. “Through our strategic partnership, we will deliver increased value and enhanced capabilities for our customers. Our shared vision for growth and customer-centric focus sets the stage for continued success.” Scott Watson, Managing Director of Barron McCann, said: “We are excited for Retail Assist to join the Barron McCann family. We have spent the past 15 years collaborating on numerous projects and we have built a strong partnership through our shared commitment to providing the very best service to our customers. “This acquisition formalises our partnership, bringing award-winning managed services and leading ERP software solutions to our group’s ever-growing service portfolio.” Alan Watson, executive chairman and owner, said: “I am delighted to welcome Retail Assist to the Barron McCann group of companies. This is the latest step in our group expansion strategy, ensuring we provide a wider and more diverse portfolio of leading services. “Our combined offering will present a new value proposition to our existing customers whilst spearheading our expansion into new sectors.”

New bottling plant launched in Derby, creating 90 jobs

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New bottling plant launched in Derby, creating 90 jobs
Lidl GB has launched a new bottling plant in Derby, creating around 90 jobs. The facility will bottle water and produce a variety of soft drinks, with a production capacity of 380 million bottles per year. The plant called MEG Derby Ltd is part of Schwarz Produktion, the umbrella brand of the Schwarz Group’s production companies. MEG is one of Germany’s leading mineral water and soft drink manufacturers, and this marks their first venture in Great Britain. By localising production, the move will simplify transport logistics and significantly reduce the distance the products travel to stores, thereby improving Lidl’s carbon footprint and reducing costs. Richard Bourns, chief commercial officer, Lidl GB, said: “This new venture with MEG Derby Ltd. marks a significant milestone in our commitment to improving efficiency, reducing our impact on the environment and providing our customers with great quality products at the lowest possible prices. “Bringing production of this key product closer to home makes sense and aligns with Lidl GB’s vision of contributing positively to the local community and economy.” Jörg Aldenkott, CEO at Schwarz Produktion, said: “The inauguration of MEG Derby Ltd. represents a pivotal moment for Schwarz Produktion. As our first venture in Great Britain, it underscores our commitment to sustainable growth, and will allow us to serve Lidl stores across Great Britain. “As one of the leading soft drink and mineral water manufacturers in Germany we know investments like these pay off, and I can’t think of a better place to do it than in Great Britain.”

Work begins to make space for Leicester railway station transformation

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Work begins to make space for Leicester railway station transformation
An ambitious plan to transform Leicester’s historic railway station and restore its hidden Victorian façade has taken an important step forward. The multi-million-pound project aims to revitalise and restore the landmark station building, improve facilities for passengers and create a more accessible and attractive gateway into the city. Contractors have now been appointed to carry out the demolition of 48 London Road which stands immediately next to the railway station. The work will be carried out by demolition specialists AR Demolition, who will take over the buildings from Monday (12 Feb). Internal works and surveys will be carried out over the coming weeks before work to carefully bring the building down gets underway in late spring. Demolition of the property will create the space needed to relocate the railway station’s main entrance onto Station Street and create an attractive new open space that will link directly to the Granby Street super crossing and into the city centre. It will also allow the original Station Street façade of the Grade II-listed station building to be revealed and restored to its Victorian glory. Rail services to and from Leicester will be unaffected by the demolition works. Pedestrian access to the railway station will also continue as normal during the demolition works, with the London Road entrance and rear entrance from the station car park both remaining open. The railway station car park will also be open as normal. However, traffic restrictions will be in place on Station Street to facilitate the works from Monday 12 February. This will mean that access to Station Street will be limited to essential vehicles only. The ambitious railway station redevelopment project is led by Leicester City Council in partnership with East Midlands Railway (EMR) and Network Rail. The project is backed by £17.6million from the Government’s Levelling Up Fund which aims to invest in infrastructure that improves everyday life across the UK. City Mayor Peter Soulsby said: “Leicester’s railway station is a landmark historic building but, as an important transport hub, it needs a radical overhaul to meet the needs of a modern city the size of Leicester. “We have been working closely with our rail industry partners to develop and progress these ambitious plans which will see the station revamped and revitalised. It is a major and complex project that will make a huge difference to the city and it’s encouraging to see that work is now underway. “The award of almost £18million of extra investment from the Government through the Levelling Up Fund is a tremendous endorsement of the importance of this project. It will help transform the area into a vibrant gateway and make a vital contribution to Leicester’s future growth and prosperity.” Under the plans, Station Street will be permanently closed to traffic and replaced with an attractive new pedestrianised open space, with trees and landscaping, to create a direct link between the railway station’s new entrance and the city centre. The new entrance will feature a ramp and steps leading directly to the main concourse and ticket hall. The ticket hall itself will be re-configured and opened up to provide more space for passengers. New skylights will be installed in place of the existing suspended ceiling to let more natural light into the hall. Taxis will be relocated from inside the existing covered main entrance hall – or porte-cochère – to a new purpose-built looped taxi rank area off Fox Street, close to the new entrance. This will free up the glass-roofed porte-cochere to be revamped as an attractive new plaza for cafes, bars or retail. A new secure cycle store will also be created close to the new entrance. Will Rogers, Managing Director for East Midlands Railway, said: “We’re excited to work alongside Leicester City Council and Network Rail to significantly improve the facilities for our customers. “The investment will see the iconic Leicester railway station restored back to its Victorian glory. The development will transform Leicester railway station, as the gateway to the city, by encouraging integration with the surrounding community and offering an improved customer experience to all station visitors.” Gavin Crook, Principal Programme Sponsor for Network Rail’s East Midlands route, said: “This exciting project will transform Leicester station entrance, bringing better facilities and creating a fitting gateway to the city. “We’ll continue to work closely with Leicester City Council and East Midlands Railway to deliver these ambitious, major improvements for passengers.” Demolition work is expected to be complete by summer 2024. Construction works will follow shortly after. It is estimated that Leicester railway station is currently used by around five million passengers each year. This is forecast to increase by around 60 per cent over the next 20 years.

Revenues leap at Journeo

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Revenues leap at Journeo

Revenues have leaped at Journeo plc, the provider of information systems and technical services to transport operators and local authorities.

According to a trading update for the year to 31 December 2023, results are expected to be in-line with market expectations, with group revenues increasing by 118% to £46m, up from £21m in 2022.

Acquired businesses, Infotec and MultiQ, have performed well and contributed £21m in revenues during the year.

Adjusted profit before tax is anticipated to be in-line with market expectations.

Russ Singleton, Chief Executive of Journeo plc, which is headquartered in Ashby-de-la-Zouch, said: “I am very pleased with the progress we made in 2023, both organically and through two acquisitions.

“These developments are fuelling our strategy to broaden our customer base, extend our geographic reach, deepen our capabilities and provide us with access to thematically linked adjacent markets.

“We have strengthened our recurring revenue alongside our order book and pipeline, providing good forward earnings visibility and a solid base on which grow the business further.

“Together with significantly improved cash balances, we are investing in our people and technologies to develop innovative products and services that meet our customer requirements, as well as anticipating the future needs of the public transport sector.

“With a strong sense of momentum and an increasingly compelling customer offering, we look forward to further organic and acquisitive growth.”

Northamptonshire contractor appoints head of IT to drive digital transformation

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Northamptonshire contractor appoints head of IT to drive digital transformation
Main contractor Kori Construction has appointed a head of IT to spearhead the business’s ongoing digital transformation. Anthony Francis, 43, brings 24 years of digital experience to the East Midlands company, including stints in the legal and construction sectors. In his new role, Anthony is aiming to significantly reduce the administrative burden within business via effective enterprise resource planning (ERP), as well as optimising cyber security to ensure all business and client data is safely stored. His work will also enable Kori Construction to utilise project data more effectively to make better future decisions, and track the carbon emissions of both the business and its projects, helping to minimise its impact on the environment. Anthony said he was looking to solve the key pain points his colleagues are facing to help free them up to spend more time delivering frontline services. He said: “Digital transformation is primarily about increasing back office efficiency to support the frontline team. If we can help them to do their jobs as best they can, they can focus on providing an exceptional experience to clients. “In this respect, data is king. Data enables us to understand our processes on a deeper level and bring this understanding to our work. It enables us to make better decisions going forward and ultimately, provide a better service to clients.” He added optimising cyber security was another vital part of the digital transformation journey, as was looking at ways to integrate the latest technology into the business, particularly AI. “AI represents a huge opportunity for construction and as the technology evolves, the possibilities will be almost endless,” he said. “As part of Kori’s ongoing digital strategy I will be looking at ways to integrate this technology across the business, to help take us to the next level.” Jordan Connachie, Managing Director of Kori Construction, welcomed Anthony to the team. He said: “As a business, we have been going through a digital transformation journey over the past couple of years, particularly in relation to financial management. “However, we reached a point where we needed to bring in specialist expertise to continue that journey. “Anthony is hugely knowledgeable about all things digital and has been brought on board to ensure we provide the best working environment for our team, that we handle our own data and that of our clients in the most secure way possible, reduce our carbon emissions and integrate new technologies into the business. “Over time, I believe his work will have a transformative impact on Kori Construction and the service we are able to provide to clients.”

Approval gained for Leicester light industrial scheme

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Approval gained for Leicester light industrial scheme
Planners have granted consent for a new scheme in Leicester that will deliver c.30,400 sq ft of light industrial accommodation.Commercial developer, Brackley Property Developments (BPD), will redevelop a brownfield site off Blackbird Road near Leicester city centre, on behalf of Leicester City Council. The redevelopment of the Ian Marlow Centre, a former council depot, aims to meet local demand for commercial employment workspace by delivering 21 small units for start-ups and growing businesses. BPD has completed the clearance of vacant office, workshop and storage buildings on site, with construction of the new units set to begin this month. The developer won the remit from Leicester City Council to deliver the project following a competitive tendering process. The project is being supported by funding from the government’s Levelling Up Fund.Stephen Pedrick-Moyle, Managing Director of BPD, said: “We are very pleased to have gained planning consent to redevelop the vacant former Ian Marlow Centre. We have cleared the site in readiness for construction of much-needed small business units for local occupiers.“The scheme will contribute to the Council’s efforts to attract and retain high-tech industries in Leicester, with the potential to support new jobs and business growth.”

BDO Midlands advises on over £1.5 billion deal value in 2023

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BDO Midlands advises on over £1.5 billion deal value in 2023

Accountancy and business advisory firm BDO LLP advised on 40 deals in the Midlands in 2023, with a combined value of £1.68 billion. More than a third of all BDO’s activity in the region (36%) involved private equity.

BDO’s most active sectors continue to reflect wider market trends, with TMT, support services and financial services leading the way, in terms of volume and value. Combined, they accounted for 55% of deals completed by the firm in the Midlands, making up 62% of the total value.

The industrials market also continues to perform well both locally and globally – driven by market dynamics and the sustainability agenda. Sales to overseas corporates was a strong feature in this market with standout deals including the sale of Syrinix to Badger Meter Inc – a listed, US-based provider of water flow and measurement solutions.

Roger Buckley, corporate finance partner at BDO, said: “At BDO, we speak to many buyers and investors with cash and appetite and, compared to the beginning of 2023, we are now seeing closer convergence of buyer and vendor price expectations.

“Despite a stagnation at the upper end of the market, significant opportunities remain, particularly in the lower and mid-markets which have continued to transact at volume.

“There’s no doubt that world events will continue to cast a shadow and more economic and/or political shocks could well materialise. Plus, we have the UK and US elections and potential changes to capital gains tax to factor in in the months ahead.”

Standout deals in the region in 2023 included the acquisition of Hydraulic Authority I Limited by international, multi-brand franchisor, Franchise Brands plc; the sale of TLO Risk Services to Specialist Risk Group; and the investment by Perwyn in iamsold, a market leading proptech business.

Ben Dawson, M&A director at BDO, said: “With greater stability in the debt markets and the cost of capital on the way down, we foresee a rise in deal activity through 2024.

“There is no shortage of liquidity in the corporate and PE universe and there are plenty of owners and management teams looking for a liquidity event, with the gap in valuation expectations gradually closing.

“At BDO, we’re certainly enthused by the number of businesses that we’re speaking to that want to raise money or exit in the next 12 months, with the volume and quality of conversations much higher than it has been during the second half of 2023.”

Virtual reality teaching facility opens at the University of Nottingham

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Virtual reality teaching facility opens at the University of Nottingham
This year’s cohort of second year Product Design and Manufacture students at the University of Nottingham are the first in the country to benefit from a brand-new virtual reality (VR) classroom that revolutionises the teaching of VR software. Based in the university’s Engineering Science and Learning Centre (ESLC), the classroom enables remote viewing and communication between lecturers and students in a way that’s never been done before. Containing 40, high image quality VR headsets, 35 of which are tethered overhead to individual high-power PCs with the remaining five consisting of more traditional desk-based systems with display screens, students can choose the way they want to learn and experience VR. In addition to the in-situ technology, 90 wireless headsets are available to loan to students. These can be used in any location so that they can continue their studies outside the classroom. There is also staff and student access to several 3D scanners and 360 stereoscopic cameras. Professor Joel Segal, Head of Mechanical Materials and Manufacturing Engineering (M3) in the Faculty of Engineering, said: “While many universities, including us, have existing VR labs, these are nowhere near the scale of our newly unveiled facilities, which will provide our students with access to cutting edge tools and technologies unlike anything else on offer across the globe. “The room can also be used flexibly for other teaching purposes as, when not in use the headsets can be raised into the ceiling space. “We have a desire to be at the forefront of technology in teaching and we’ve already been making strides in this area in recent years in our smaller VR labs. Now, however, we have the opportunity to take the lead in the UK and further build our reputation for producing engineers that are ready to shape the real world.” Another aim of the facilities is to allow real time collaboration across international campuses, as Nottingham’s Ningbo campus has its own VR lab, so that students from across the world can work together in labs or in design-based exercises. Professor Sam Kingman, Pro-Vice-Chancellor for the Faculty of Engineering, said: “The virtual reality classroom is an incredibly exciting addition to our teaching facilities as we continue to position ourselves at the forefront of VR teaching. We believe that great minds don’t think alike, which is why we want to provide our students with a truly unique experience. “We’ll also be working to create custom environments and objects that are suitable for teaching a range of engineering and architecture subjects as we widen our remit in the coming years to allow students from other courses access to the VR classroom.”

New plan created to boost Nottingham’s economy

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New plan created to boost Nottingham’s economy
A new plan has been created to help boost Nottingham’s local economy over the next ten years. Nottingham City Council have worked with partners across the city to create a draft Economic Plan for all private, public and third sector partners, residents, and stakeholders. The ambitions of the plan include the creation of 20,000 new jobs, £4bn in regeneration investment, generating £1bn of additional Gross Value Added (GVA) and developing infrastructure and services for the people of Nottingham. The vision is to deliver a “vibrant, sustainable, and investment friendly Nottingham that promotes inclusion, secures resilience and unlocks prosperity for [its] residents and businesses.” The Nottingham Growth Board, which is a partnership of some of Nottingham’s key businesses, educational institutions, and public sector organisations, will have a role in overseeing the plan. People can now have their say on the proposed plan in a public consultation, which runs until Friday 1 March 2024. The idea behind the Economic Plan is to have:
  • A shared vision for improving the economy of Nottingham
  • A plan to help the city grow in a fair and sustainable way that benefits all citizens of Nottingham
  • A framework of activity to help focus ambition and investment in the city
  • A plan for all partners in the city to work towards to create sustainable economic growth
Nottingham is a dynamic city with a young and diverse population, leading creative and digital and life science businesses, and a vibrant visitor economy underpinned by key cultural, heritage and sporting assets. It has significant plans and opportunities for growth of its city centre and neighbourhoods. However, there are areas of challenge, including the city having above average unemployment, low levels of graduate retention and lower than average educational attainment, which are all factors that limit the success of the local economy. To tackle these challenges, the city needs to look at ways to support people to gain skills and remain in meaningful employment, as well as seeking to improve graduate retention, securing future regeneration opportunities, building on greener transport, utilising start-up companies and building on sector strengths. The vision will be delivered by four key ambitions across four themes: People and Skills: To facilitate additional employment of 20,000 new jobs by 2030. The vision is for lifelong learning with an educational offer that aims to improve employment levels and gives residents the skills they need to have successful careers. Enterprise and Investment: To generate £1bn of additional Gross Value added by 2030 in the city. The vision is about sustainable growth in the city, where existing industries are nurtured and new industries are empowered to expand and contribute towards a diverse, growing and prosperous economy. Infrastructure & Regeneration: Develop infrastructure and services to serve a city population of 345,000 and a population across Greater Nottingham of 710,000 by 2030. The vision is to promote areas that are dynamic, green and inclusive, with sufficient quality living space, and excellent physical, transport and digital connectivity. Liveability and Experience: To secure the next £4bn of regenerative investment in the city The vision is for a contemporary, clean and globally competitive city centre with bustling and attractive neighbourhoods that draw residents and visitors to a rich leisure, sporting and heritage experience in Nottingham. Cllr Steve Battlemuch, Portfolio Holder for Skills, Growth, Economic Development and Property, said: “Nottingham has many success stories, including being home to many global businesses. But we know there is more we can all do to improve the prosperity of the city, raising the hope and aspirations of local people, whilst making Nottingham the best place to live and work. “The new 10-year strategy has been created based on significant research, data analysis, stakeholder engagement and input from the Nottingham Growth Board. It aims to tackle the issues impacting our economy now and in the longer term. “I would encourage everyone to have their say on these plans. Engagement is vital to help us plan for Nottingham’s future economy. We want your input so we can create and refine this strategy so it delivers for Nottingham’s economy, and for our residents and businesses that live here now or who will live here in the future.” Nick Ebbs, Chair of the Nottingham Growth Board, said: “Nottingham is a great city. Two world leading universities, enviable cultural assets and high growth businesses in life sciences, digital and creative industries. But there is also another story. A story of deprivation, low productivity, economic inactivity and limited opportunity. “As a city, we need to pull together to build on what is going well and to sort out what is failing. “The city’s newly emerging Economic Plan, which is still in draft form, sets out a roadmap to a more economically successful, sustainable and inclusive future. It can’t fix everything, but it can make a significant contribution. “It is important that the draft Plan is fully informed by local knowledge and insights. I urge everybody to contribute to the consultation invitation. The consultation period is short driven by political necessity so don’t delay.” The public consultation will run from Friday 9 February to Friday 1 March 2024. You can have your say on the Economic Plan in the online survey here. There are two engagement events open for everyone: Tuesday 20th February, 8am to 9am, in-person in the Ground Floor Committee Room at Loxley House; Thursday 22nd February, 6.30pm to 7.30pm online on Teams Webinar.

Diversity In2 Engineering returns to Derby this week

Stuart Pearcey
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Diversity In2 Engineering returns to Derby this week
The Diversity In2 Engineering Apprenticeship and Jobs Fair returns to Derby’s Pride Park, on Wednesday, offering a range of engineering and manufacturing related apprenticeship and job opportunities. There will be over 25 employers on the day, each will have an interactive stand allowing you to learn more about the company, about a career in engineering and help you understand the job and apprenticeship opportunities they have on offer. Attending employers include Rolls Royce, The Royal Navy, JCB, Severn Trent, EON, East Midlands Railway, Expleo, Trent Barton, Loram, Motus Commercials and many more. As well as employer stands, there will also be two workshops on offer to widen your understanding and keep you informed of opportunities. Workshops topics include Green and Future Engineering and Demystifying Apprenticeships. Severn Trent are also running and employability support area, to help you apply for jobs or Apprenticeships at the Fair and get you application and CV ready. The event will help attendees understand opportunities available in engineering, construction and advance manufacturing and equip you with the skills and knowledge to ensure you are well-informed to succeed. Last year the event attracted over 600 attendees and we’re hoping this event will be bigger and better than before. The event is being delivered by Derby Jobs (Derby City Councils recruitment support service) in partnership with D2N2 Careers Hub, SEGRO and Severn Trent. Jade Pearson, New Talent Lead at Severn Trent, said: “We’re thrilled to be able to support such a fantastic event that will help support more people into employment, connecting people with local opportunities. “As a major employer in Derby, we’re looking forward to sharing the current jobs we have available, as well as showcasing our varied apprenticeship opportunities, as we have over 100 apprenticeship opportunities available this year! “We’re excited to be joining other fantastic employers on the day, coming together to inspire and support individuals looking for a career in engineering and showing them what’s available.”

Bosses urged to future proof their businesses by giving staff the right training

Stuart Pearcey
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Bosses urged to future proof their businesses by giving staff the right training
Businesses across Chesterfield have been told they must act today to futureproof their businesses and the town’s economy, by ensuring their staff are receiving the relevant training and skills. The Chesterfield Employability and Skills Conference was hosted in partnership by Chesterfield Borough Council and Destination Chesterfield, introducing a new wave of support for firms in the area, signposting businesses to relevant schemes to help them upskill and reskill staff. Michael Timmins, Chair of the Chesterfield Skills and Employment Partnership, said: “It was fantastic to see so many businesses in attendance at the Employability and Skills Conference. We know that firms across our area are concerned about the future of their workforces, so it is extremely important that we continue to highlight the support that is out there. “I would urge businesses of all sizes to make the most of the assistance available. We must all work together to secure the future growth of Chesterfield and ensure that our workforce has the right skills and abilities to meet future challenges.” Attendees at the event were given the chance to meet representatives from the following organisations:
  • Chesterfield Borough Council, Skills Brokerage Service
  • Chesterfield College
  • Derbyshire BAME Forum
  • Direct Education Business Partnership
  • University of Derby
  • D2N2 Careers Hub/ D2N2 LEP
  • Derbyshire County Council/ National Careers Service
  • North East Derbyshire District Council
  • Department for Work and Pensions
  • Auto Windscreens, owned by Markerstudy Group
  • East Midlands Railway
The call for businesses to access this support comes as firms in some of the town’s key sectors say they are finding difficulties in filling vacancies with suitable skilled people. The latest East Midlands Chamber Quarterly Economic Survey showed that more than 70% of businesses in the region are struggling to fill vacancies, with skilled manual or technical roles proving the most challenging. Industries such as construction, manufacturing, engineering, digital and health & social care are just some of the sectors which Chesterfield Borough Council aims to support with workforce growth. To address those challenges, Chesterfield’s new skills brokerage gives businesses in the borough the opportunity to gain free, impartial, bespoke advice to support them to access funding, alongside connecting companies to training and development opportunities.

Renovation of derelict barns into modern offices completed at Ednaston Park Business Centre

Tess Egginton
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Renovation of derelict barns into modern offices completed at Ednaston Park Business Centre
Clowes Developments, together with their lead construction contractor, TanRo, have completed the renovation of derelict barns into three modern offices at their Ednaston Park Business Centre. Clowes submitted a planning application to convert a courtyard of derelict barns into three offices, The Hayloft, 1,294 sq ft, The Granary, 1,312 sq ft, and The Byre, 1,158 sq ft. Gina Connett, facilities manager at Ednaston Park Business Centre, said: “I am delighted to launch Ednaston Barns to the market. Interest from businesses looking to make Ednaston Park their professional home remains high, and I anticipate it won’t be long until the Barns are fully occupied. “The quality of finish of the Barns is second to none but I particularly love the setting, you’ve got your own space yet only a stone’s throw away from a thriving business hub.” Set in 18 acres of landscaped gardens, Ednaston Park was built in the 19th century. Up until 2016 it housed the St Mary’s Nursing Home, it was then bought by Clowes Developments in September 2017. Since then, the developer has invested heavily in the property to turn it into modern office accommodation, combining contemporary styling with many of the building’s original period features. Clowes recently demolished the old nunnery living quarters at the back of the main building to create a further three units known as Ednaston Mews. Paul Turner, construction director at Clowes Developments, added: “This project has been a labour of love, we have sensitively restored the old barns into crisp new units for tenants but old buildings come with their own complications which has meant we have had to find creative problem solving solutions too. We are over the moon with the final outcome and cannot wait to see them occupied.”

Flogas Britain acquires another energy company

Stuart Pearcey
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Flogas Britain acquires another energy company
Syston-based Flogas Britain has acquired the Energy Management division of eEnergy Group plc (“EML”), subject to shareholder approval. EML is a UK-based energy management services group working with industrial, commercial, and public sector clients with high energy consumption, providing services including energy procurement, market analysis, risk management, and bureau services such as bill validation as well as Net Zero pathway consulting. EML and its highly experienced team will join the DCC Energy group, owners of Flogas. They will work alongside the existing UK and Ireland businesses to create a unique and compelling energy management proposition including renewable technologies for our customers across all sectors with high energy consumption or large multi-site portfolios. EML is headquartered in Coventry and employs over 70 colleagues. Ivan Trevor, MD of Flogas Britain, said: “Together with Certas and our recent acquisitions of Protech, Centreco and DTGen, the addition of EML creates a significant capability in energy management services for our customers. We have set an ambition to halve the carbon emissions from the energy that we supply by 2030 and to support our customers through energy transition. This acquisition is a significant step forward.”

East Midlands business activity growth accelerates to fastest since May 2022

Tess Egginton
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East Midlands business activity growth accelerates to fastest since May 2022
The headline NatWest East Midlands PMI® Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – posted at 51.6 in January, up from 50.7 in December, to signal the fastest rise in output at East Midlands firms since May 2022. Anecdotal evidence suggested the expansion was driven by stronger client demand and a renewed rise in new business. The pace of growth was only marginal, however, and slower than the UK average. East Midlands private sector firms signalled a renewed rise in new orders during January, thereby ending a six-month sequence of contraction. The rate of growth was only marginal, but the second-sharpest of the 12 monitored UK regions. Increased new business was linked by panellists to stronger client demand and new customer acquisitions. January data signalled an uptick in business optimism among East Midlands firms. The degree of confidence was the strongest since last September, despite still being below the series average. Companies noted that motivated sales staff, hopes of stronger client demand and investment in new machinery and facilities boosted positive sentiment. Nonetheless, the level of optimism was weaker than that seen across the UK as a whole. East Midlands private sector firms recorded a seventh successive monthly decrease in staffing numbers at the start of the year. The pace of job shedding picked up from December, but was still only marginal overall. Businesses stated that lower employment stemmed from the non-replacement of voluntary leavers due to cost-cutting efforts, and previously subdued demand which resulted in sufficient capacity to fulfil incoming orders. The fall contrasted with the trend seen across the UK as a whole which pointed towards a slight rise in workforce numbers. January data indicated a further contraction in backlogs of work at East Midlands companies. The pace of decline eased, however, to the slowest since October 2022 and was only marginal overall. Of the 11 monitored regions that recorded a decrease in work-in-hand, firms in the East Midlands registered the weakest fall. Only businesses in London saw a rise in incomplete work. East Midlands firms continued to see a substantial increase in input prices during January, albeit with the pace of inflation slowing slightly from December. The rate of increase was sharper than the series average and in line with that seen at the UK level. Higher costs were attributed to greater wage bills, and increased supplier and shipping prices. Businesses in the East Midlands raised their output charges again in January, thereby extending the sequence of inflation seen since December 2020. Higher charges were reportedly due to the pass-through of greater costs to customers. That said, the pace of increase slowed to the weakest since January 2021 as some companies mentioned discounting and efforts to remain competitive and drive new sales. Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “East Midlands firms signalled a more positive start to 2024 as output expanded at a quicker pace, supported by a renewed rise in new business. An improvement in demand conditions also helped buoy business confidence in the year-ahead outlook, as the level of optimism jumped to a four-month high. “That said, although backlogs of work contracted at the softest rate since October 2022, as signs of pressure on capacity emerge, firms continued to cut employment in a bid to save costs. Despite the rate of increase slowing, input costs rose at a further historically marked pace. Hikes in selling prices softened notably, however, amid reports of discounting and concessions being made, with output charges increasing at the slowest rate in three years.”

Warning for Midlands businesses as tide rises on corporate insolvencies

Tess Egginton
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Warning for Midlands businesses as tide rises on corporate insolvencies

A rising tide of insolvent businesses in England and Wales could swell further and lead to a significant hike in corporate insolvency levels across the region for 2024.

This is according to the Midlands branch of insolvency and restructuring body R3 and follows the latest annual statistics published by the Insolvency Service which show that there were 25,158 seasonally adjusted corporate insolvencies in 2023, which is an increase of 13.7% on 2022’s figure of 22,123.

The 2023 figure is also an increase of 78.9% on the 2021 statistic of 14,059, and a rise of 46.6% on the 2019 pre-pandemic figure of 17,163.

R3 Midlands chair Stephen Rome, a partner at Penningtons Manches Cooper in the region, said: “Increases in Creditors’ Voluntary Liquidations (CVLs), Compulsory Liquidations and administrations have driven corporate insolvencies to a 30-year high.

“This is due to a combination of increased costs, cautious spending, creditor pressure and the post-pandemic hangover. Unless the economic picture improves, it seems likely that insolvency numbers will rise yet again this year.

“The upsurge in consumer spending that many businesses had been hoping for since the end of lockdown hasn’t happened or, at least, hasn’t been sustained, and the firms who were hanging on and hoping for it have simply run out of time and money. The current business climate is undeniably harsh.

“Our message to company directors, therefore, is simple: if you’re worried about your business, seek advice. It can be a hard conversation to have, let alone start, but there will be more options available, and more time to make a decision, if you act when your worries are fresh, rather than when they’ve spiralled.”

Plans for new retail, office and residential space in Derby to go to Cabinet

Tess Egginton
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Plans for new retail, office and residential space in Derby to go to Cabinet
One of Derby’s most exciting regeneration projects will receive a significant update this month, as Cabinet are asked to approve positive changes to the Eastern Gateway Project. The new proposals would see the project split into two elements: Eastern Gateway (Derbion) and Eastern Gateway (Cathedral Quarter). Cabinet will decide whether to approve capital grants to partner developers delivering these two schemes. The regeneration of these areas is expected to create new jobs, drive additional footfall, and support the ongoing growth of the city centre. The Derbion element has been revised and will see the existing façade of the former Eagle Market replaced with an entrance. A new urban garden would also be created as a space for people to sit and enjoy. The revised scope of the Derbion scheme gives the opportunity for the Council to progress the Eastern Gateway Cathedral Quarter element with developers. This would see heritage buildings in the area restored and repurposed to create new commercial and residential space. This comes after the Council approved a £1.3m loan in September 2023 to bring neglected properties back into use. To allow these two strands to progress, Cabinet will also have to approve the allocation of £5m total grant funding to the project. To complement the Eastern Gateway Project, a network of new urban green spaces could be added to the city centre in proposals called Connecting Works. Cabinet approval of these changes will allow the Council to quickly move into contract with the respective project delivery partners once approval from the Department for Levelling Up, Housing and Communities, who provide the Future High Streets Funding, is in place. Derby City Council were originally awarded £15m of Future High Streets Funding in December 2020. Around £5m is allocated to the Eastern Gateway scheme, which would be shared between the Derbion and Cathedral Quarter projects if approved. The rest has already been invested in the refurbishment of the Grade II-listed Market Hall, turning it into an attractive retail and leisure destination that links Derbion and St Peter’s Quarter to the Cathedral Quarter and Becketwell. Councillor Nadine Peatfield, Cabinet Member for City Centre, Regeneration, Culture and Tourism, said: “Revitalising our city centre is one of the key priorities for this administration. “These adjusted proposals allow us to redirect Derby’s city centre focus on well-being, green spaces, regenerating empty retail space and utilising some of our beautiful historic buildings; all things that we have pledged to deliver. “Revising the plans for Eastern Gateway is not only a responsible decision, given the economic and market challenges that have impacted previous proposals for the site, but will still deliver the results required by Future High Streets Fund. “The improved proposal plays a big part in our long-term vision to deliver a city centre for all; one that we can be proud of and want to spend quality time in.” Cabinet will meet at 4pm on Wednesday 14 February.
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