Clowes Developments’ Forbes Park Scheme in Long Eaton, where agents Tim Gilbertson of FHP Property Consultants and Richard Sutton of NG Chartered Surveyors have acted on their behalf, in now fully developed.
Formerly the home to a substantial manufacturing complex, the 6.5 acre site was initially fully remediated by contractors for the scheme, Roe Developments, and then a development of small to large industrial and warehouse units, augmented by trade counter facilities and roadside retail, was crafted and implemented, designed by Ben Hall of IMA Architects. Once the agents had quickly found occupiers, leases and freehold sales were documented by Heather Dixon of Geldards.
With many units put under offer before and then during the construction phase, just before the end of 2022 the final unit of over 26,000 sq ft was delivered to the last local occupier to enable their relocation and expansion.
The finished scheme sees over 78,000 sq ft built and developed on the park.
This is not the end of similar size development for Clowes in the region as the developers, together with their agency, architectural and legal team, are now rolling forward and starting to progress the marketing and development of Stud Brook Business Park at Castle Donington, a few miles drive away.
Stud Brook Business Park Masterplan
Stud Brook will see the development of 23 units totalling 180,000 sq ft, all to be delivered before the end of 2023.
Already interest is strong in this scheme with a number of pre-lets in place.
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 45.4 in December, down from 47.1 in November, to signal a strong fall in output across the East Midlands private sector.
The decline in business activity was the second-fastest since January 2021 and quicker than the UK average. Of the 12 monitored UK regions, only Northern Ireland recorded a sharper decrease in output. Lower activity was linked to weak client demand and a further fall in new orders.
East Midlands private sector firms signalled a marked decrease in new orders during December, with the pace of contraction accelerating for the third month running. The rate of decline was the sharpest since May 2020 and faster than the UK average. In fact, the pace of decrease was the second-quickest of the 12 monitored UK regions, slower than only Northern Ireland. The downturn in client demand was linked to economic uncertainty and the impact of inflation on customer spending.
Business confidence across the East Midlands private sector dipped at the end of the year. The degree of optimism was below the series and UK averages. The region’s firms remained optimistic overall of an increase in output over the coming 12 months amid hopes of a pick up in client demand. That said, inflation and recession concerns weighed on output expectations.
Workforce numbers across the East Midlands private sector fell for the second month running in December. The rate of job shedding quickened to the fastest since January 2021, albeit was only marginal overall. The decrease in employment was slightly faster than the UK average, as firms attributed lower staffing numbers to the non-replacement of voluntary leavers in an effort to cut costs.
Private sector firms in the East Midlands registered a sharp decrease in the level of outstanding business during December. The fall in backlogs of work accelerated notably to the steepest since May 2020. The decline in incomplete business was linked to weak client demand which allowed firms to work through backlogs. The rate of contraction was the sharpest of the 12 monitored UK regions.
East Midlands private sector firms registered a marked rise in input prices during December. Higher cost burdens were often linked to increased supplier prices. That said, the pace of cost inflation eased to the slowest since April 2021 as the prices of some key inputs fell. The rate of increase was the second-fastest of the 12 monitored UK regions, however, slower than only Northern Ireland.
Private sector firms in the East Midlands signalled a further sharp increase in output charges at the end of the year. The rise in selling prices was attributed to the pass-through of higher costs to clients. In line with the trend for input prices, the pace of output charge inflation was stronger than the UK average. That said, the rate of inflation was the slowest since August 2021 as cost savings were also passed on to customers.
Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “East Midlands private sector companies signalled a dour end to 2022, as activity and new orders shrank at sharper rates.
“Inflationary pressures and the impact on customer spending continued to be felt keenly, with new business contracting at the steepest pace since the initial pandemic lockdown period. As a result, backlogs of work dwindled and firms started to report that cost-cutting measures including the non-replacement of voluntary leavers drove job shedding.
“On a more positive note, cost and price pressures eased. Emerging reports of lower prices for some inputs were reflected in less severe hikes in output charges. Nonetheless, 2023 is likely to prove another challenging year for East Midlands businesses as the cost-of-living crisis and economic uncertainty threaten to dampen customer demand further.”
Totally, a Derby-based provider of frontline healthcare services, corporate fitness and wellbeing services, has been awarded a new contract by NHS England to provide national NHS 111 contingency services.
The contract, awarded to Vocare, part of Totally’s Urgent Care division, will run from 1 March 2023 at a value of c. £10 million per annum, initially for one year with the option to extend for a further year.
NHS England has commissioned this support to provide additional call handling and clinical capacity to help to alleviate some of the pressures on local NHS 111 services, as required. NHS 111 provides an essential service to the UK population, offering support as wide-reaching as over-the-telephone healthcare advice, to access to urgent and emergency care.
Vocare is a long-standing provider of regional NHS 111 services. This new contract provides additional flexible capacity, which can be precisely targeted where and when needed.
Wendy Lawrence, CEO of Totally, said: “Totally has significant experience providing quality, resilient and responsive regional NHS 111 services. Our services have provided essential access to core healthcare services as demand has risen beyond the level anticipated by commissioners.
“This new contract re-affirms Totally as a core partner in the delivery of NHS 111 services and moves to recognise the new normal in which healthcare providers are operating, providing essential additional capacity into the system.”
A major design competition has been launched inviting architects to design a significant new social housing scheme on a derelict site close to Mansfield town centre.
The Royal Institute of British Architects (RIBA) is managing the competition to find an outstanding design for Mansfield’s White Hart Street area on behalf of Mansfield District Council.
Executive Mayor of Mansfield Andy Abrahams said: “We are delighted to be working with RIBA to help find a designer for this flagship redevelopment scheme.
“White Hart Street is an important area close to the town centre which has been crying out to be resurrected into something that combines the old with the new and which will breathe new life into an area which has been run-down and largely derelict for many years.
“We want to find an architect who is sensitive about the area’s heritage and excited about designing new housing that will stand the test of time, addressing the challenges of climate change, and providing affordable high quality homes that people of all ages enjoy and feel proud to live in.”
Applications are invited from architects across the world in accordance with the requirements set out in the briefing document and selection questionnaire on the RIBA website.
Teresa Borsuk, Pollard Thomas Edwards’ and RIBA Architect Adviser for the competition said: “This is an important and exciting opportunity to transform White Hart Street in Mansfield by providing new homes and an identity that will help secure its future.”
The deadline for submission of the selection questionnaires is 12noon (GMT) on Wednesday 15 February 2023.
The land to be redeveloped is located within the Bridge Street conservation area which contains buildings of historic and architectural merit.
Full Council approved a £16.5m budget to build new council homes on this brownfield site in 2019. Architects entering the competition currently have a £14m budget for the scheme although this may increase subject to a successful bid for grant funding.
The properties are expected to be a mix of housing types, including family houses and apartments for older people, and built to the Future Homes Standard to save energy for residents, in line with the council’s Climate Emergency Action Plan. They would be added to the council’s stock of affordable homes.
The area has stood derelict for over a decade. It previously had planning permission for a mixed retail and residential scheme in 2008, but market conditions meant this scheme was never taken forward. It subsequently became blighted and has, as a consequence, become a magnet for anti-social behaviour.
The council purchased land in this area last year (2022) in order to facilitate its regeneration. Redevelopment of this area would strongly align with the council’s Growth, Aspiration, Wellbeing and Place priorities.
The Mayor added: “One of the key principles of the masterplan is for our town centre to be a place where people want to live.
“This will increase footfall for retailers as well as improve the appearance of the centre, and these, in turn, should act as a catalyst for external investment.”
The firm winning the competition will progress the design for planning permission – subject to approval by the Full Council of the business case expected in January 2024.
If approved, a planning application could be submitted in the same month and if that is approved, demolition work could start around October 2024 and building work in February 2025.
Stagedale Limited, the operator of two high-dispensing volume pharmacies in Lincolnshire, has been sold.
The sale comprised West Elloe Pharmacy, which sits adjacent to a busy health centre in Spalding, and Knight Street Pharmacy, which occupies a prominent high street location in Pinchbeck. On average, West Elloe Pharmacy dispenses a huge 53,000 items per month – making it one of England’s highest dispensing bricks and mortar pharmacies – and Knight Street Pharmacy dispenses over 9,000 items per month.
Innovation and technology have been core principles of the business, as they have adapted over the years to implement automated dispensing services and to allow patients to collect prescriptions 24 hours a day – a service that has developed strongly as a result of the pandemic.
Stagedale Limited, which owned and operated these pharmacies for over a quarter of a century, was put up for sale following the impending retirement of some of its shareholders.
Through a confidential sales process managed by Carl Steer and Tony Evans at Christie & Co, it has been sold to BMP Healthcare Limited, a Leicester-based, eight-strong pharmacy group.
Ryszard Cygan, Managing Director of Stagedale Limited, says: “We are delighted to have sold the business to BMP Healthcare, a young and exciting group which shares the same ethos and principles we have had at the core of our business for the last 25 years. We are confident that Rahul and team will continue to develop the services the pharmacies offer, further enhancing their profile with patients across the Spalding area.”
Rahul Patel, Managing Director of BMP Healthcare Limited, says: “We are delighted to have acquired such a prestigious pharmacy business which has been at the heart of community pharmacy in the Spalding area for over a quarter of a century. Working alongside our existing eight pharmacies, we are looking forward to delivering not only the strong service the pharmacies already offer but also to introducing additional services to further enhance the delivery of care to our patients.”
Carl Steer, director – Medical at Christie & Co, says: “The sale of Stagedale Limited demonstrates the appetite and confidence some operators have in the marketplace. Knowing Rahul’s existing pharmacy estate, the purchase of Stagedale Limited’s pharmacies will complement this further to the benefit of patients and the communities the pharmacies serve.”
Stagedale Limited operating West Elloe Pharmacy and Knight Street Pharmacy was sold for an undisclosed price.
Up to 50,000 Ugandan lives will be significantly improved after the Ugandan Red Cross Society partnered with a Leicestershire charitable foundation to build a manufacturing plant for re-usable sanitary pads.
Thanks to significant grant funding from the Randal Charitable Foundation the plant in Namakwa, Mukono district of Uganda, will also create employment opportunities for over 200 vulnerable girls and women who will be trained to make and market the pads.
Once fully established the plant will manufacture 200,000 re-usable pads per year, which is an equivalent of 50,000 4-pad packs. Around 20 percent of the pads will be given to 10,000 vulnerable girls in-school free of charge. The remaining 80 percent will be commercialised to 40,000 girls and women in the wider community at a subsidised price, which will ensure the long-term sustainability of the manufacturing facility.
Dr Nik Kotecha OBE DL, founder and chair of trustees of the Randal Charitable Foundation, said: “Our mission is to directly save and significantly improve the lives of the most vulnerable in society in the UK and globally.
“This project is so beneficial to the community because without access to high quality sanitary pads and toilets, or washrooms for changing, many girls and women are not able to go far from their homes.
“The consequence of this is that they often cannot attend school, and in many cases become trapped in their homes unable to earn a living to support their families.
“We are delighted with our partnership with the Ugandan Red Cross Society because the manufacturing facility will have the dual benefits of ensuring girls are able to stay in school to gain a good education, and in many cases a future free of extreme poverty. It will also deliver sustainable skilled employment to the women and girls involved in the production and sale of the pads.”
The grant funding will support the setting up of the manufacturing facility to produce re-usable sanitary pads and the training and up-skilling of selected girls and women to make them. It will then fund capacity building to involve more girls and women in specific skills, such as record keeping and marketing, as well as support supervision and monitoring.
After acquiring the required production skills, each female trainee is targeted to produce 50 reusable pads per day, which equates to 1,000 per year. Once the first group of 20 trainees have mastered the skills to produce the reusable pads, they will then recruit another group of 20 to expand their labour force.
The project is part of a collaboration between the Uganda Red Cross Society and the Ministry of Education & Sports and partners, which in 2019 launched a countrywide initiative named Keep a Girl in School. The main aim of this project is to improve Menstrual Health Management among Primary and Secondary School going adolescents in vulnerable communities.
During the implementation of the project, URCS is partnering with She for She, which is an indigenous organisation whose goal is to ensure that every menstruator can attend school by improving access to pads and providing comprehensive sexual and reproductive health and rights education.
She for She has experience in training community groups to sew pads and partnering with established local organisations to provide education and dialogue on menstruation and related Menstrual Hygiene Management. While the first set of materials will be imported, the Society will advocate for in-country factories to start producing the materials locally.
Robert Kwesiga, Secretary General of the Uganda Red Cross Society, said: “I would like to thank the Randal Charitable Foundation for their significant support for the humanitarian cause to keep more girls in school through manufacturing, good sanitation, and provision of pads.
“As a result of a lack of access to hygienic sanitary wear, girls and women in the community often resort to using inappropriate materials such as rugs torn from their old clothes, papers, pieces of old mattress foam and leaves.
“And in some cases, in rural communities, they become house bound, and forced to sit over a hole dug in the middle of their mud floors until the menstrual flow ends. School going girls who get blood on their clothes are also often teased by teachers, boys, or other girls, and this has been reported as a significant cause of school dropouts for girls.”
Keep Girl in School is also part of the Uganda Red Cross Society Health and Social Service Agenda under Water, Sanitation and Hygiene (WASH) Interventions – which plays a crucial role around key issues such as health, education, protection and security of women and adolescent girls, both in emergency and in the development context.
Plans to convert the former Midland Railway Institute building in Derby, which is now the Waterfall Public House, for residential use (while retaining the pub in a reduced form) have been recommended for approval.
The building is a non-listed heritage asset, which has historic association with the railway industry in Derby.
The building is a two storey, high ceiling, late 19th Century, ornate red brick building, which was originally an education and recreational facility for rail workers and now comprises a public house and associated function rooms and pool room, kitchen and toilet facilities. The building also houses a former concert hall, which is currently vacant and in poor repair.
Permission is sought to retain the public house, to the ground floor and southern end of the building, and convert of the rest of the building to residential use, to form 31 one and two bedroom apartments over two floors and through the subdivision of the principal rooms and formation of mezzanine levels to some of those rooms to form additional accommodation.
The proposal involves some demolition of some 20th Century extensions which are on the rear of the building and include a two storey toilet extension and external staircase. A single storey outbuilding to the north west boundary of the site, is proposed to be renovated and altered to form cycle and bin store for the use of residents.
The existing rear yard is also proposed to be landscaped to form a private amenity space for residents of the building.
The demolition of a Derby hotel, to make way for new apartments, has been recommended for approval.
The plans from Elgie Properties would see the La Gondola hotel on Osmaston Road replaced with 42 flats in two blocks.
The proposals for the closed two-storey hotel, which comprised of 20 bedrooms, a restaurant, function rooms and associated parking, follow the refusal of a larger scheme.
The new application sees the scale of the development reduced and also looks to address concerns over bat activity.
Following a period of public consultation and planning assessment, Exagen has submitted plans for Normanton Energy Reserve, a 500 MW / 1 GWh grid-scale battery site on land to the northeast of Earl Shilton, Leicestershire.
With plans for further consultation with the local community, the site is a blueprint for co-locating energy with community green spaces and boosting biodiversity.
Once built, the battery will be one of the largest in the UK and capable of powering 235,000 homes for two hours, the same number of homes as in Sheffield, or 80% of the homes in Leicestershire, the county in which it is situated.
The £350 million battery site, which is around ten times larger than the majority of battery projects currently providing storage for the grid, will connect directly to the transmission network, playing a vital role in managing natural fluctuations in intermittent renewable energy. Sites like this are essential in helping the UK to transition to net zero and securing our home-grown energy supply, easing our reliance on foreign fossil fuels, and addressing fuel poverty.
Exagen, a UK developer of renewable energy, is committed to a community-based approach, with plans to use approximately 45% of the 19 acres of land to improve biodiversity. This will include extending Normanton Millennium Wood with construction of a new permissive path open to the public, as well as the option of wildflower meadows, providing land for beekeeping and new hedgerows and tree planting. The project will deliver a more than 44% net gain for biodiversity habitat units, compared with the existing baseline habitats.
The company will also establish a dedicated community fund to spend on improvements in the local area, such as sponsoring education courses for the skills the UK will need to develop renewable projects in the future. In order to decide how the land and fund is used, the company will consult with local communities, inviting citizens in the area to have their say.
The project will be energised and connected to the grid in 2028 with much of the construction being in the year before this, however earthworks and landscaping would be implemented in advance to allow time for the planting to establish and begin to mature before the main development is constructed. Exagen will look to partner with local businesses on the project, inviting local contractors to get involved.
Mark Rowcroft, development director at Exagen, said: “We’re committed to transforming energy for good, bringing batteries onto the grid to ensure we can store energy and keep the lights on when the sun doesn’t shine or the wind doesn’t blow. That’s why we’re excited to work with local communities and businesses to ensure the project is not only bringing clean, home-grown energy onto our grid, but that the site is also benefitting the local area.
“Over the next few months, we’ll be announcing a variety of opportunities for individuals and businesses to get involved. We look forward to hearing from those in Thurlaston, Earl Shilton and the surrounding area about how we can make this site best work for them long-term.”
The amount of money needed to retire at a minimum living standard has increased by almost 20% over the last year, according to new analysis.
This substantial increase highlights the need for pension reform to help more people achieve an adequate income in retirement, says the Pensions and Lifetime Savings Association (PLSA), who funded the research.
This increase in what is needed for a Minimum Retirement Living Standard is in part a result of the higher proportion of a minimum budget going towards the things that have risen the most in price: food and energy.
Based on independent research by Loughborough’s Centre for Research into Social Policy (CRSP), the Retirement Living Standards (RLS) are rooted in detailed discussions with groups of members of the public, who consider what are realistic and relevant expectations for retirement living.
These expectations are described through three different baskets of goods and services needed to reach a minimum, moderate and comfortable standard of living in retirement. These baskets comprise six categories: household bills, food and drink, transport, holidays and leisure, clothing and social and cultural participation.
The RLS are regularly reviewed to ensure they keep up with changes in the public’s expectations of what retired households need as well as the changes in prices on the shelves to remain relevant to real world retirement spending.
The RLS are being used across the pensions and savings industry in the UK, helping savers to understand what they’ll need in retirement and how this compares to projected pensions income. Through the communications of more than 100 pension schemes and organisations, including some of the largest and best-known brands, the Standards are reaching up to 35 million savers.
The annual increase in what is needed to reach each living standard over the last year is by far the largest since the RLS were first established in 2019. Across all of the RLS, the increase in the price of domestic fuel has been the most significant factor in increasing what is needed overall.
Between 2021 and 2022, the weekly cost of domestic fuel rose by around 130%. The increase in the weekly cost of domestic fuel accounts for between 30-40% of the increases in the overall budgets for a minimum, moderate and comfortable living standard in retirement between 2021 and 2022.
Increases in the costs associated with motoring at the Moderate and Comfortable RLS over the past year – driven by increases in the cost of second-hand cars and in the cost of petrol/diesel – have resulted in this element of the budgets increasing by 16%.
Between 2021 and 2022, the cost of a Minimum RLS increased from £10,900 to £12,800 – or 18% – for a single person and from £16,700 to £19,900 – or 19% – for a couple.
The Minimum Retirement Living Standard is the same as the Joseph Rowntree Foundation’s Minimum Income Standard (MIS) and reflects what members of the public think is required to cover a retiree’s needs, not just to survive but to live with dignity – including social and cultural participation.
It includes £96 for a couple’s weekly food shop, a week’s holiday in the UK, eating out about once a month and some affordable leisure activities about twice a week. It does not include budget to run a car.
Rising food and fuel prices have contributed significantly to the increase in the Minimum standard. The update also saw the amount of food included within the budget increasing to bring it into line with the up-to-date nutritional research on a healthy diet.
The disproportionate increase in the cost of retirement at the Minimum RLS means the government’s commitment to the state pension triple lock, announced in the most recent Autumn Statement, is especially important. Rising by a record 10.1% to £10,600 per year, a couple who are each in receipt of a full new state pension would reach the Minimum Retirement Living Standard.
The Moderate RLS increased 12% to £23,300 for a single retiree and by 11% to £34,000 for a couple. The Moderate Retirement Living Standard provides more financial security and flexibility than the minimum.
This moderate level includes £127 for the weekly food shop for a retired couple, a two-week holiday in Europe and the cost of eating out a few times a month.
At the Comfortable RLS, retirees can expect to have more luxuries like regular beauty treatments, theatre trips and three weeks holiday in Europe a year. A couple could spend £238 per week on food shopping. At this level, the cost of living increased 11% to £37,300 for one person and 10% to £54,500 for a two-person household.
Matt Padley, co-director of CRSP, who led this research, said: “This latest analysis shows the impact of increases in the cost of essentials – such as food and fuel – on what is needed to be able to live with dignity in retirement.
“The Minimum Retirement Living Standard sets out what the public think we should all able to have and do in retirement – this isn’t about luxuries, it’s about meeting your basic material needs and being able to take part in the world around you. The reality is that many are not able to do this and face impossible decisions about what to prioritise. As a society we need to work to ensure that everyone is able to reach this minimum in retirement.”
Nigel Peaple, director policy & advocacy, PLSA, said: “The past year has been an enormously challenging one for many households in the UK.
“Inflation has risen to its highest rate in 40 years with the cost of essentials and domestic fuel soaring, putting substantial pressure on incomes for working age and retired households, particularly for those on low incomes.
“These figures underline why the Government was right to increase the State Pension in line with the Triple Lock in the Autumn Statement.
“The jump in the Retirement Living Standards underscores the need for the Government to adopt the PLSA’s recommendations on pensions set down in our recent report, Five Steps to Better Pensions.
“These include the need for the Government to adopt clear national objectives for retirement income, to ensure the state pension protects everyone from poverty and, later this decade once the cost-of-living crisis has passed, to increase the scope and level of automatic enrolment pension contributions.”
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years.Here we speak to Ed Tripp, consultancy director at East Midlands Environmental Consultants (EMEC).
There is no doubt 2023 is going to be year of change for the construction and planning sector. Under the Environment Act 2021, all planning permissions granted in England (with a few exemptions) have to deliver at least 10% biodiversity net gain from an as yet unconfirmed date, expected to be in November 2023.
Now more than ever sustainability has become a key focal point for residential and commercial developers. Our role as the consultant ecologist is as much about protecting habitats as it is about offering added value advice to developers so that the communities they create incorporate diversity. I predict the role of the environmental consultant will become even more important as new biodiversity legislation is implemented.
The cost of living crisis and rising inflation rates are also going to have a major impact on Government funding which under normal circumstances would be utilised for further conservations efforts. This lack of funding could also cause a skills gaps within the sector. Finding the right candidates, with the right technical expertise is becoming increasingly difficult.
Despite it being a challenging year, the more we support nature, the more it supports us.
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years.Here we speak to Andrew Macmillan, partner and office head of Gateley Nottingham.
The predicted decline in the UK economy for 2023/2024 will mean minimal growth. This will lead to companies restructuring to ensure they remain cost effective, while many may enter administration, leading to redundancies.
If instability continues it will become harder for businesses to make decisions on investments and they will hold off until the economy improves.
Unless a solution is reached in Ukraine, fuel and energy costs will unlikely improve. This will place many businesses, particularly those in hospitality and retail, under pressure and unable to survive, leading to job losses and having to close. Many retailers are moving completely online, which is more bad news for the high street.
Remote working is continuing post-pandemic. Employees have got used to the flexibility hybrid working brings and some businesses may consider a purely remote workforce, removing the need for expensive office space rent, rates and utilities. This is not good news for town and city centres.
Another knock-on effect is technology developments and an increase in usage of AI. Many businesses will develop solutions to enable automation of manual and routine workloads. Additionally, businesses would be advised to ensure they are familiar with the latest GDPR regulations and that they have good protection against cyber-attacks.
Last but not least, the UK labour market is likely to remain very tight, resulting in low employment and rising job losses. Many companies are implementing freezes on recruitment and the minimum wage increase will impact on the potential for pay rises and bonuses for employees.
Developer Chancerygate’s plans to speculatively build 98,000 sq ft of trade counter, urban logistics and industrial space in Colwick, Nottingham, have been approved.
Called Colwick Gateway, the proposed scheme will be located on a 6.35-acre site in Colwick Industrial Estate and comprise 13 Grade A leasehold units ranging from 3,500 sq ft to 27,200 sq ft, and the erection of a building for use as a building merchants. The projected gross development value is around £25m.
The site, which was formerly a major fuel distribution centre for Total Petroleum and has been unused for a number of years, is located off Colwick Loop Road approximately five miles east of Nottingham city centre.
Chancerygate development manager, Mark Garrity, who is based in the company’s Birmingham office, previously said: “Our proposed plans at Colwick aim to satisfy the high demand for Grade A sustainable trade counter, urban logistics and industrial accommodation in the Nottingham area.
“The site is situated in a prime industrial area of Nottingham, meaning it is best placed to serve businesses operating within the city as well as across the wider East Midlands region.
“The proposed development will help support both the local and regional economy to stimulate further investment and job creation.”
Agents for Colwick Gateway are FHP and Gerald Eve.
The Midlands have a lot of potential for running a business. You have major cities such as Birmingham, Nottingham, Wolverhampton and, of course, Leicester. Leicester may not be as big as Birmingham, but it offers a great chance to expand your business into a new area without busting your budget. However, you need to consider a few things before doing this, which we will explore below.
Where Will You Be Based?
One of the first things you should think about when expanding into Leicester is where exactly you will be based in Leicester. There are many lucrative opportunities within Leicester. Your business may suit being in the city centre, around Highcross, or it may be that a surrounding outside village could be better.
Areas such as Hinckley, Narborough and Oadby have the potential for business expansion. You may need to work hard to get your business’s name out there. This could involve you engaging in marketing copy. Overall, you need to ensure the place you are expanding to is aware of who you are and that they are even interested.
Is There Demand For Your Services?
Before bringing your new business over to the heights of Leicester, you should ensure that there is suitable demand for your services. This means you need to do some key market research to find out if there is anyone offering what you do or if it is something that people would be interested in if not.
You can conduct various surveys across the Leicester area so that you can gather as much information as possible. The more information you have regarding this, the better informed you will be to decide and plan forward.
You can use a polling platform such as Vevox that allows you to receive instant engagement and feedback. You can also use tools that allow you to create quizzes and run Q&A sessions. This can give you more insight into your customer base. This could also be done to your team, allowing you to find out what they think, and help prep everyone for the big expansion.
Will You Need To Hire Locally?
Once you’re aware of the demand in Leicester, then you will need to think about who you will need to employ potentially. Expanding your business to a new area such as Leicester will mean that you need local help.
While you may be able to bring your employees over from your current store or location, it will be in your best interest to hire locals. This will be more convenient and allow you to gain more useful and relevant information from potential local experts.
How Will You Source Funding?
It will likely be costly for you to expand your business into a new area such as Leicester. As such, you will need to work hard to source funding. This funding could come from you directly, or you could be looking for angel investors. Angel investors have money that they are looking to invest in growth opportunities and are a vital source of funding for many businesses.
You should also consider geographical sources of funding. As you will be looking to expand into Leicester, you could find business grants specific to this area. If you don’t look around and ask, then you won’t be able to find out. You may also partner with pre-existing businesses in Leicester that can help you gain a foothold.
In its latest news bulletin, Streets Chartered Accountants covers the closure of the Certificates of Tax Deposit scheme, the benefits of an optimistic approach to business in 2023, the launch of the Entrepreneurs Connect initiative, and more.Closure of Certificates of Tax Deposit scheme
The Certificates of Tax Deposit scheme had been available for many years. Under the scheme, a taxpayer could purchase a certificate from HMRC and subsequently use the certificate either to pay a tax liability or obtain a refund. They were often used where a liability was in dispute with HMRC, and a certificate was purchased to both put funds in place to pay the liability should HMRC win the dispute and also to mitigate the interest charge on the eventual payment of the liability…
The benefits of a more optimistic approach to business in 2023
It is widely recognised and reported that business confidence declined during 2022, with the start of 2023 perhaps seeing little in the way of renewed confidence. The continued conflict in Ukraine, the continued aftershock of Brexit and the rising costs of living impact in one way or another on business optimism. Perhaps then business leaders, more than ever, need to focus on the importance of optimism as a state of mind, and the impact it has on the realisation of strategy, performance and success…
Entrepreneurs Connect
Streets are delighted to invite all entrepreneurs to the launch of Entrepreneurs Connect, an initiative that we have co-founded with the University of Lincoln’s Research & Enterprise Department. This new network aims to provide a creative and interactive platform, in the form of dynamic quarterly events and workshops, to bring together Greater Lincolnshire’s entrepreneurs. Like-minded, forward-thinking business founders will be able to exchange knowledge and create a strong and inclusive network of enterprising minds…
Midlands Family Business Awards Launch 2023
Streets are delighted to continue to sponsor the Midlands Family Business Awards in 2023. The awards team have made some exciting changes, but the aim remains the same — to celebrate and shine a light on our region’s great family businesses. Streets would like to extend an invitation to members of family businesses to join them for lunch and be the first to find out about the changes that have been made and the 10 exciting Award categories for this year. The awards team will also detail the key dates and explain the 2023 entry and judging process…
SmartMoney – January/February 2023
SmartMoney is the bi-monthly magazine from Streets Financial Consulting plc, its independent financial planning arm, full of news and helpful information on personal financial planning…
The East Midlands Chamber has called on Government to help firms trade more freely with overseas markets after research highlighted the Brexit trade deal is not delivering for them.
Ahead of the third anniversary of the UK formally leaving the European Union later this month, East Midlands Chamber wants to see red tape cut and barriers to trade with EU countries reduced, along with enhanced support for companies looking to enter new global markets.
A study by the British Chambers of Commerce, of which East Midlands Chamber is a member, found more than three-quarters (77%) of UK firms affected by the Trade and Co-operation Agreement (TCA) signed in December 2020 say it is not helping them to increase sales or grow their business.
More than half (56%) of the 1,168 business leaders surveyed said they have faced difficulties adapting to the new rules for trading goods, while four in five (80%) had reported increased costs of importing since January 2022.
As a result, 53% had seen their sales margins decrease, while 70% of manufacturers had experienced shortages of goods and services.
‘Honest dialogue’ needed between UK and EU leaders
East Midlands Chamber Chief Executive Scott Knowles said: “As a region of manufacturers, the East Midlands produces goods that are distributed around the world in industries ranging from automotive and aerospace to food and medical.
“As we have stated in our Business Manifesto for Growth, there is a big opportunity to back us further as a Centre of Trading Excellence – a region that makes things, moving them and innovating in how we do this – to grow both the local and national economy. But the gridlock many firms have experienced at borders is having a significantly detrimental impact on trading relationships in Europe.
“Businesses want our political leaders to move on from the debates of the past and find ways to trade more freely. This means having an honest dialogue with our EU counterparts about how we can improve our trading relationship.
“We need to cut red tape and reduce barriers to trade with our neighbouring markets, but also make it easier to export to non-EU countries.
“There should be enhanced financial support for businesses looking to enter new overseas markets, from initial exploration through to establishment. This should include funding an expanded trade mission and trade fairs programme, specifically targeted at SMEs and those looking to export for the first time.
“With a recession looming, we must remove the shackles holding back our exporters so they can play their part in the UK’s economic recovery. If we don’t do this now then the long-term competitiveness of the UK could be seriously damaged.”
Five recommendations on improving UK-EU trade
The British Chambers of Commerce has published the TCA Two Years On report, which sets out 24 recommendations to increase UK-EU trade.
Its top five proposals for quick action are:
Create a supplementary deal with the EU that either eliminates or reduces the complexity of exporting food for SMEs
Establish a supplementary deal, like Norway’s, that exempts smaller firms from the requirement to have a fiscal representative for VAT in the EU
Allow CE-marked goods and components to continue to be used in Great Britain after 2024
Make side deals with the EU and member states to allow UK firms to travel for longer and work in Europe
Reach an agreement on the future of the protocol on Ireland/Northern Ireland with the European Commission in the early months of 2023, to stabilise our trading relationship.
Mortgage Advice Bureau (MAB), the mortgage intermediary brand, has appointed interior design consultancy Office Principles North to design and refurbish its headquarters in Derby.
More than 13,000 sq ft of office space will be redeveloped at the three storey Capital House in Pride Place, creating a more modernised, eco-friendly workplace to accommodate a variety of working needs.
The project will see the complete strip out of the existing building back to shell, paving the way for a new collaborative working environment that will cater for hybrid working and deliver a range of work settings for up to 300 employees.
Office Principles North will create a series of open plan workplace ‘neighbourhoods’, complemented by new meeting rooms, breakout spaces and a large ground floor space for socialising and town hall gatherings. These bespoke working environments will offer colleagues flexibility in how they work, enabling them to thrive and perform at their very best.
Employees will be able to choose from a range of desk and seating options, with fixed desking and agile seating available across a number of collaborative areas and spaces. Access to the latest AV technology to support video conferencing will also be available.
Aesthetically, the workplace will be marked by high quality finishes and a neutral palette, with exposed ceilings, acoustic baffles and crittall glazing, as well as feature pendant lighting. The space will also promote employee wellbeing through an extensive use of planting, as well as a dedicated area for prayer, nursing parents or meditation.
Visitors will be greeted by an enhanced arrival experience, including a new main entrance to the building and a refurbished façade, as well as LED lighting, timber cladding and new external signage.
Office Principles North has used expert research techniques to inform the new modern design and maximise the available office space.
Gary Tailby, joint Managing Director of Office Principles North, said: “Many businesses are facing the challenge of delivering workplaces that are capable of retaining and attracting staff post-Covid.
“MAB recognises that its people want to work in a modern office environment that offers a greater choice in how and where they work and socialise, and provides a more attractive alternative to working from home. We’re proud to be delivering a headquarters building that makes the very best use of available space and allows people to maximise their day.”
Claire Smith, people and culture director, MAB, said: “Diversity, equality and inclusion remain a significant focus for MAB, and have been fully incorporated within our state-of-the-art office refurbishment. We understand that all our employees have different needs in terms of their wellbeing and how they work, which is why the new office includes a variety of spaces such as focus areas, pods, and a dedicated wellness room.
“We’re delighted with the design that Office Principles North has created to completely transform and optimise the space, and we look forward to seeing our colleagues thrive, connect and collaborate in their new office.”
The new workplace is expected to be operational in Q1 2023.
The best of young business talent across the East Midlands will once again be celebrated at the Generation Next Awards – as a refreshed look is revealed for 2023.
Launching yesterday (11 January), the awards are the showpiece programme of the Generation Next network for young professionals and entrepreneurs aged between 18 and 35, which is run by East Midlands Chamber in conjunction with headline partner the University of Derby.
It features 11 categories, ranging from a Start-up Award and Customer Service Award through to Innovation and Technology Award and the Generation Next Future Leader.
The programme includes a new addition that recognises “rising stars” who show ongoing growth and development, as well as refreshed guidelines for prizes recognising outstanding contributions in diversity and inclusion, creativity, corporate social responsibility and sustainability.
The application process of each category award has also been streamlined for a “one form fits all” method involving a reduced number of questions.
Lucy Robinson, East Midlands Chamber’s director of resources and Generation Next lead, said: “The Generation Next Awards are a celebration of the amazing young talent within the East Midlands, and our diverse programme recognises the next generation of business who make outstanding contributions to their communities.
“We want to encourage young professionals from across the region to tell their story and celebrate their successes. There is an award to suit everyone at each stage of their career.”
Last July, Generation Next held its first in-person awards celebration at Bustler Market in Derby, and recognised young talent such as apprentice Ruby Birks, who works for South Normanton-based marketing agency Purpose Media, and the three entrepreneurs behind Derby-based digital marketing and web development agency Alphageek.
It was an awards ceremony with a twist, featuring street food, a live DJ and arcade games. More than 220 people attended, marking it as a new milestone in the Chamber’s events calendar. This year’s ceremony will be held on 13 July, and the venue will be confirmed in the coming months.
Entries are open for the 2023 awards from now until Monday 6 March. They can be submitted either by individuals within the 18 to 35 age bracket or on their behalf by a colleague or line manager.
The Government’s Energy Bill Discount Scheme offers less for UK steel producers than for competitor countries, according to Gareth Stace, Director General of UK Steel.
Although welcoming the scheme for its certainty and stability, Stace points out that there are concerns that the newly-announced support falls short of that of competitor countries, including Germany, since it significantly narrows the help Government will provide, with a maximum discount of £89/MWh, which stops delivering once those prices go beyond a ceiling of £274/MWh.
He said: “The Government is betting on a calm and stable 2023 energy market, in a climate of unstable global markets, with the scheme no longer protecting against extremely volatile prices. The German Government guarantees an electricity price of €130/MWh for the whole of 2023, ensuring German industry can continue to operate competitively within Europe and beyond. In contrast, the reformed EBDS provides a discount for electricity prices above £185/MWh, leaving UK steel producers paying an estimated 63% more for power than German steel producers this year. This situation will maintain a long-standing competitive disadvantage for UK producers, resulting in higher production costs and a reduced ability to compete this year.
“Given the disparity in relief provided in the UK and competitor countries, it is essential that the Government now delivers on its Energy Security Strategy and addresses the outstanding disproportionate costs UK steel producers face in electricity bills, including high renewable levies and network costs. Years of paying more for these elements of electricity costs have placed UK industry at a competitive disadvantage against its European and global competitors.
“Steel demand and prices are falling in the UK and across Europe, while key input costs remain persistently high, leading to reduced production, shrinking market share, and increased imports for the UK. Whilst we are grateful and pleased to see that Government has acted to extend the scheme, there remains a vital gap in that delivery. We urge Government to take the next step and look to match what is provided in Germany for the most energy intensive industries.”
Homebuilder Bellway has acquired more land to enable the start of work on phase three of its The Foresters at Middlebeck development in Newark on Trent.
The company exchanged contracts subject to planning in January with Urban and Civic – the Master Developer of the wider Middlebeck project – and detailed plans for the site were approved by Newark and Sherwood District Council in September.
The third phase will include 104 two, three and four-bedroom houses on land to the north of Flaxley Lane, including four affordable properties for local people.
The first properties are expected to be released for sale this month.
Tim Pyne, senior land manager at Bellway East Midlands, said: “Our land, planning and technical teams have worked hard on this project and with the land acquired and planning permission in place we are now able to take this development to the next stage.
“The Foresters at Middlebeck has been one of the division’s most popular schemes and we are expecting the next phase to be equally sought after. Its location, with easy links to Newark town centre and the A1 and A46, makes it a site that works for the way people want to live, in a setting that has the infrastructure they need.
“The phased acquisition allows for the first 57 dwellings across the scheme to be developed with the balance anticipated later this year.
“This deal, even with the current UK economy, demonstrates the continued strength of demand for new housing and highlights Bellway’s commitment by getting the deal done.”
The development is part of a much wider consortium project that is ultimately planned to deliver approximately 3,000 homes on the southern edge of Newark on Trent.
Bellway East Midlands has been working at The Foresters at Middlebeck since February 2018, creating 138 properties within the first two phases.
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