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CNC machine tool specialist finds Affinity with new funding partnership
Nottinghamshire-based Affinity Asset Finance has agreed a major strategic partnership with one of the UK’s leading suppliers of CNC machine tools.
The deal will allow Sheffield-based T W Ward CNC Machinery (Ward CNC) to offer its customers a range of flexible machinery financing options, with Affinity acting as their own FCA authorised finance provider.
Neil Kimberley, director at Affinity Asset Finance, said: “We are delighted to announce our preferred finance partner status with T W Ward CNC Machinery Ltd, who are one of the UK’s leading suppliers of high-quality CNC machine tools across multiple engineering services.
“It has been over a year since we began working together and our partnership has continued to flourish as we have worked closely with Ward’s extensive customer base on a variety of finance solutions.
“We see Ward CNC as a valued partner to our business and we’re sure our relationship will continue to strengthen over the coming years.”
With over 140 years of heritage, Ward CNC currently employs over 30 people across its 5,500 square metre facility at Albion Works, Sheffield, and its dedicated sales showroom at Redditch.
It is the sole UK distributor for a number of the world’s leading machine tool manufacturers including Hyundai-Wia, Hartford, Soraluce, Takisawa and Hankook.
Simon Whitworth, Managing Director at Ward CNC, says: “Our new partnership with the team at Affinity is going to be hugely valuable to our customer base. Many of them will have already worked with Affinity to finance purchases from us since we began working together back in early 2022.
“This new partnership will help us to further develop our service offering and mean that we are not tied to any one lender or bank. Therefore, customers are assured that they can access the broadest range of funding/finance packages and deals available on the market, and we can offer extremely flexible terms and attractive finance arrangements for them. It is fantastic news for our customers and of course, for us here at Ward CNC too.”
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Precision FM appoints new business development manager
Leicester-based facilities management company, Precision FM has appointed Peter Hutchinson as its new business development manager.
With over a decade of experience in customer service and business development, Peter will help Precision FM expand its reach into new business sectors while continuing to support the business to deliver FM services to existing clients.
Peter will be responsible for expanding the company’s relationships with existing clients, seeking new contracts and work opportunities, and driving growth across the business. His extensive business development and customer service background will enable him to build strong relationships with clients and stakeholders.
“I am excited to be joining the talented team at Precision FM,” said Peter Hutchinson. “The company has a strong reputation for excellence in facilities management, and I am eager to help drive business growth working with both Precision FM’s current customer base and identify new opportunities and deliver solutions that exceed their expectations.”
Established in 2012, Precision FM offers a total facilities management (FM) service spanning the entire building and property management environment.
Commenting on Peter’s appointment, Brij Thankey, CEO at Precision FM, said: “We are pleased to welcome Peter to the Precision FM team. Peter’s extensive experience in delivering value for customers will be instrumental in helping to deliver the high service standards for which Precision FM is known.
“His appointment will allow us to drive focus into securing new customers within the sectors where we can readily demonstrate our extensive experience, while also enable us to expand into other industry sectors to offer our innovative, value driven FM services.”
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University raises £70m private placement for new business school
Plans for a new Business School in Derby city centre have been secured after the University of Derby raised £70 million funding to help develop the state-of-the-art Business School, a core part of the University’s long-term strategy.
Following a competitive funding process, the £70m private placement was secured, featuring highly attractive, fixed rate, 35-year terms. It is the University’s first debt capital markets issuance and was arranged by Centrus, who acted as corporate finance advisor.
The funding is structured, so half of it has already been received, with the remainder due in December this year, to better match the project’s funding needs while reducing the University’s interest costs. Further, the funding incentivises the University’s commitment to social inclusion and equality. It does so by providing a discount if the target set by the University for reducing the attainment gap is achieved.
Craig Jones, chief financial and commercial officer at the University of Derby, said: “The new Business School is pivotal to our role as a Civic university and the development of our city campus, enhancing the teaching and real-world learning experience for our students and staff.
“Centrus, and Mills & Reeve, provided outstanding support through the process, contributing to the successful outcome achieved. We are delighted our new borrowing arrangements link to our inclusion and equality commitments, given these commitments to the University’s strategic agenda.”
Sam Goldman, director at Centrus, said: “It’s been a pleasure to have supported the University to arrange funding so key to their long term-strategy. This excellent outcome was achieved against the backdrop of significantly volatile financial markets.
“A key element of the success obtained was a carefully targeted investor and credit positioning strategy, on which we worked closely with the University to develop and implement. We see this transaction as part of a broader trend towards universities utilising debt financing for capital projects across the sector.”
Matthew Howling, principal associate at Mills & Reeve, added: “We are delighted to have supported the University on its private placement. It was a pleasure to work with the University at every step in the transaction, providing help and advice throughout. It was also rewarding to work on a project that will have such a positive impact on the University, its students and staff, as well as the wider community in Derby.”
ESG commitments spark business opportunities for SMEs
- Interested in supplier’s credentials (Agree 61% /Disagree 12%)
- Actively investing to improve (59% / 13%)
- Plan to increase investment (58% / 12%)
- Investing to lower energy bills (58% / 14%)
- Very important to our business (57% / 14%)
- Customers demanding to know credentials (53% / 22%)
- Won’t work with company with poor ESG (51% / 17%)


