The new Greater Lincolnshire Combined County Authority (GLCCA) is now an official body, following final communication from the Government.
The Leaders of Lincolnshire County Council and North and North East Lincolnshire unitary authorities have received an official letter from the Minister of State for Local Government and English Devolution, Jim McMahon OBE MP.
This confirms he has signed the Greater Lincolnshire Combined County Authority Regulations 2025, which created the GLCCA and devolves functions to it.
In the correspondence, the Minister added: “I would like to thank you and your officers for your hard work in enabling us to deliver this landmark agreement for the people of Greater Lincolnshire.”
Following this, the first meeting of the new authority’s board will be in early March, with the election for a Mayor going ahead as planned on Thursday 1 May.
The Leader of North East Lincolnshire Council, Cllr Philip Jackson, said: “Having enjoyed a local political career here that has spanned more than three decades, this is a true highlight.
“We now move forward with a combined county authority that can work to effect real and positive change for all our residents. We expect to see this new authority make a significant difference in key areas, such as business growth, skills and improving our housing, our infrastructure and public transport – and this is just the start.
“I would like to take this opportunity to thank all those involved in the creation of the GLCCA and bringing the very best deal here to benefit our communities.”
North Lincolnshire Council Leader, Cllr Rob Waltham MBE, said: “The formal creation of the combined authority marks the beginning of an exciting new chapter for the residents of Lincolnshire.
“With ministerial approval now secured, we can move forward with the real work of delivering better jobs, improved transport, and greater opportunities.
“This is a once-in-a-generation opportunity to take control of our own future – ensuring that investment is directed where it will have the greatest impact and that every penny is spent delivering tangible benefits for local people.
“As someone deeply rooted in Lincolnshire, I am committed to making sure this new authority drives real, positive change – protecting our communities, growing our economy, and securing a brighter future for all.”
Cllr Martin Hill OBE, the Leader of Lincolnshire County Council, added: “There has been a lot of hard work to get to this point, and much more still to do. I firmly believe that decisions that affect local people should be taken locally, and the benefits of devolution mean that we will be in charge of our own future in Greater Lincolnshire.
“These issues are really important to residents’ everyday lives, when it comes to the housing available, how we all get about the county and the jobs and training that are available.
“We’ll also be able to deal more directly with government in representing the needs of our area, and have a clearer voice to attract more investment.”
The Government confirmed its support for the GLCCA in the autumn of last year, following a two-month public consultation last January and February.
The deal brings with it an investment package of £720 million over 30 years with a one-off capital investment of £28.4 million to invest in priority schemes across the Greater Lincolnshire footprint. With it also comes an elected Mayor to chair the new authority and give the region a greater voice in Westminster.
Regeneration project given the green light to make Melton Mowbray a major cultural destination
Plans to regenerate Stockyard Melton Mowbray have been approved by Melton Borough Council’s Planning Committee, marking an important milestone for the project.
The Stockyard development is a flagship project for the council that will support the growth of the food production sector in Melton Mowbray and enhance its potential as a cultural destination.
The vision includes a range of improvements to the current site, featuring a new destination anchor building serving multiple purposes and new open plan food production hubs which will enable multi-use occupancy for business needs.
The new buildings have been carefully designed to complement the existing area, and the development will also enhance some of the existing buildings on site, such as the trader hall and existing toilets.
Stockyard forms part of a wider ambition being delivered collaboratively with Rutland County Council under the Rural Innovation in Action scheme, which has received combined UK Government Funding of £22.95m.
The approved proposals, subject to a Section 106 agreement, also include a multifunctional events space in the centre of the site, which will host a diverse calendar of activities to attract local and national visitors to the town.
Many events, such as food festivals already established on the Cattle Market site will remain and will now have the space to expand thanks to the upgraded plans.
The scheme aims to make the space a more welcoming environment for all, with significant improvements to the main walkways, additional green infrastructure and seating as well as electric vehicle charging points. Additionally, there will be the inclusion of a Changing Places toilet facility to ensure the site is accessible for all.
Councillor Pip Allnatt, Leader of Melton Borough Council and responsible for key project delivery at Melton Borough Council, said: “Following a thorough planning and engagement process with the local community and key stakeholders to help form the Stockyard project, it’s good to see that our plans have been approved.
“The scheme is a transformational development that enhances the existing site. We will be able to increase and improve the food manufacturing and education aspects on site, and we’ll also be adding new public toilets with a changing places area – a facility the local community has voiced the need for.
“The planning approval represents a significant milestone, and we’ll be keeping stakeholders up to date on progress.”
In recent years, Stockyard has acted as a local point of interest bringing people together from around the area to experience the goods that are produced on site, which has already attracted visitors to the town.
The Retail Impact Assessment showed the enhancements at Stockyard will generate further footfall and economic activity, supporting existing businesses in the town centre, whilst making full use of a unique site that cannot be replicated elsewhere.
A key part of Stockyard is to incorporate the broader Town Centre Vision, ensuring the plans link and support the wider area. The plans also include new signage directing people to the town centre and improved public realm across the site, with enhanced access.
Following planning approval and the discharge of any relevant planning conditions, work is planned to begin in the spring. The council have already received interest and are taking enquiries from potential occupiers of the new units and are encouraging interested parties to contact APB.
Barwood Capital invests for growth with key hire and promotion
Barwood Capital, the Northamptonshire-based real estate investment and development specialist, is investing for growth with a new senior hire and promotion.
The news comes following a successful year of capital raising, which saw Barwood close its fifth Growth Fund at the beginning of 2024 targeting strong, value add returns from UK commercial real estate, followed by two successful fund raises for its innovative Barwood Residential Investment Platform, BRIPs 10 & 11, and a further equity raise into its Urban Industrial Income LP, an existing multi-let industrial vehicle.
Barwood believes that the UK real estate market is poised to benefit from several key structural tailwinds – limited supply, rising rents, an improving interest rate environment, and potential government support – presenting strong opportunities for investing in undervalued assets.
To capitalise on these opportunities, Barwood has made a key hire to support its capital raising initiatives, with Will Dickens joining as Head of Business Development.
Will brings over 25 years’ experience in the real estate industry, having previously worked at King Sturge (JLL) and multinational investment bank and financial services company, Citi, as a Director within the Global Real Estate and Private Equity Team, and more recently Yoo Capital.
Will’s role will focus on leading the capital raising efforts across Barwood’s various funds, vehicles, and mandates in both the commercial and residential sectors, including seeking strategic co-investment and joint venture partners.
Will said: “The bottoming out of the UK property market during 2024, and availability of debt improving, means that we are seeing significant interest in UK property from both domestic and international investors.
“I look forward to bringing my wider relationships into the Barwood fold as the market picks up pace, supporting the company at an exciting time in its growth trajectory.”
Barwood has also promoted Danielle Sheppard as Head of Performance and Impact, with responsibility for managing Barwood’s commercial portfolios and developments, as well as overseeing its sustainability initiatives and sourcing new opportunities for its property funds.
Her new role will focus on ensuring that Barwood’s funds and mandates deliver optimal returns for investors, while upholding the company’s commitment to making a positive societal and environmental impact.
Danielle said: “I’m incredibly excited to embark on this new role, which will give me primary responsibility for managing the commercial mandates at Barwood.
“This is a particularly exciting step in my journey, due to the current diversity and ambition of the company’s investments across the UK.
“Barwood has a long-standing reputation for unlocking value from underperforming and under-managed real estate — a mission that aligns closely with my passion for sustainable investment and driving investor returns.”
Hugh Elrington, Managing Director at Barwood, said: “Our people have always been our greatest asset, and we’re proud to be able to continue attracting strong talent and giving existing team members the opportunity to grow their career.
“I’m confident that they will play in an integral role in the success of the business going forward, supporting Barwood’s next stage of growth and helping us to achieve our purpose to innovate and unlock value in both the commercial and residential markets.”
Derby’s Electric Daisy founder hails success of accountancy firm’s free year-long community programme
The leader of Derby’s Electric Daisy and Down to Earth nature projects has urged local “mission-led” organisations to apply for an accountancy firm’s free project aimed at improving life in the community.
Jamie Quince-Starkey, who runs the Electric Daisy and Down to Earth project in Bold Lane, said winning a year’s free support from Vibrant Accountancy through its Community Programme has significantly helped the organisation with its mission to help Derby become a greener city.
Electric Daisy and Down to Earth are nature regeneration events spaces in the heart of Derby that are backed by The Eden Project in Cornwall.
Now Vibrant Accountancy has launched its community business support project for 2025 and local organisations including businesses, Community Interest Companies and charities on a mission to improve life in Derby and Derbyshire have been urged to apply.
Vibrant Accountancy owner and founder Bev Wakefield is offering one winning business a year of complimentary advice services, business planning sessions and quarterly coaching to refine and improve goals.
Jamie Quince-Starkey said of winning Vibrant’s Community Programme last year: “Bev and her team were really helpful with us, levelling up our organisation and business so we didn’t have to be so granular and could take a bird’s eye view on the business.
“It has not just the financial side which has been really, really helpful. Just to have people you can talk to about other aspects of running the business – it has been like therapy.
“We’ve been able to focus on the things that we really need to. For start-ups and organisations that are purpose and mission led, because you’re so focused on that, having someone to help you with the business side of things is great.
“If organisations are out there which are about their purpose, and need that support with the business side of things, they should definitely apply.
“We have been able to grow the team which has been really helpful. Having strong budgets and targets has also been helpful.”
Vibrant’s Community Programme is a free initiative aimed at uplifting a deserving Derbyshire business. The tailor-made year of support is being offered to a business making “a real difference” in the community.
Bev said: “Our community programme is about more than supporting a business. We want to amplify the impact of those who care as deeply about our local area as the team at Vibrant does. We really hope that any organisation which is making a difference will apply for the programme and benefit from a year of expert coaching and advice.
“It’s brilliant to hear how our support has helped Down to Earth and Electric Daisy flourish and grow. Now we’d love to hear from other local organisations keen to let us know how they are making a difference to our communities.”
Midlands private equity deals increase in 2024
The number of private equity transactions completed in the Midlands increased marginally in 2024, while the total investment figure fell, according to the latest UK Private Equity Review from KPMG UK.
The comprehensive annual study into private equity deal activity found that investment in the region declined by 27.4% in 2024, to a total of £13.3 billion. The findings come following a period in which the UK experienced a more stable economic climate, with falling inflation and greater interest rate stability; increased political certainty following elections; and a surge in transactions ahead of anticipated changes to Capital Gains Tax.
Despite this fall in investment levels, the volume of deals in the region increased slightly from 157 to 160 year-on-year.
Investment in the Midlands accounted for 8.3% of total new PE backing in the UK. London continued to deliver the greatest interest from PE funds, attracting £78.1 billion of investment, ahead of the North West (£20.0 billion) and the South East (£15.8 billion).
Stuart Sewell, Head of M&A for the Midlands at KPMG UK, said: “Although private equity investment by value in the Midlands fell in 2024, deal volumes remained encouraging, with interest rate cuts likely to stimulate the market in 2025.
“Once again the Midlands made a solid contribution in terms of national investments and the region’s plethora of innovative businesses look to be in good shape to target even larger deals in the coming months.”
Work starts on 107,000 sq ft development at Derbyshire industrial and logistics scheme
Work has started on site at ARK, a new 107,000 sq ft development at Markham Vale, Derbyshire.
The £19m GDV scheme will be delivered by Origin, the UK-focused mid-box industrial and logistics platform formed by HBD, part of Henry Boot, and Feldberg Capital.
Markham Vale is a flagship 200-acre industrial and logistics scheme which was delivered by HBD in joint venture with Derbyshire County Council. An award-winning development, it sits at the heart of the UK motorway network with direct access to the M1 via a dedicated junction, J29a.
It is home to a range of businesses, including advanced manufacturers and logistics providers, with occupiers including Smurfit Westrock, Bilstein Group, Great Bear, Granger International and Sterigenics. More than 2,600 jobs have been created at Markham Vale since work began in 2006.
Henry Boot Construction has been appointed to deliver the four units at ARK, which is expected to complete in Q4 2025.
Vivienne Clements, Executive Director at HBD, said: “Markham Vale is one of the region’s leading I&L locations so it’s positive to be able to deliver further Grade A space, which remains in short supply.
“Like all of our Origin developments, all four units will have market-leading ESG credentials, prioritising sustainability and securing both BREEAM Excellent and EPC A ratings. We look forward to seeing ARK begin to take shape, attracting additional inward investment and creating new jobs.”
Jamie Acheson, Managing Director of Feldberg Capital, said: “Having only just set up the venture in December 2024, the fact that we are already on-site at ARK demonstrates our ambition to rapidly grow Origin into the UK’s leading mid-box industrial and logistics platform.”
The agents for ARK are JLL and CPP.
Bank of England reduces interest rates to 4.5%
The Bank of England has reduced interest rates to 4.5%, in line with expectations.
The Monetary Policy Committee (MPC), which sets monetary policy to meet the 2% inflation target, voted by a majority of 7–2 to reduce Bank Rate by 0.25 percentage points, to 4.5%.
Two members preferred to reduce Bank Rate by 0.5 percentage points, to 4.25%.
The Bank said in a statement: “There has been substantial progress on disinflation over the past two years, as previous external shocks have receded, and as the restrictive stance of monetary policy has curbed second-round effects and stabilised longer-term inflation expectations. That progress has allowed the MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to continue to squeeze out persistent inflationary pressures.
“CPI inflation was 2.5% in 2024 Q4. Domestic inflationary pressures are moderating, but they remain somewhat elevated, and some indicators have eased more slowly than expected. Higher global energy costs and regulated price changes are expected to push up headline CPI inflation to 3.7% in 2025 Q3, even as underlying domestic inflationary pressures are expected to wane further. While CPI inflation is expected to fall back to around the 2% target thereafter, the Committee will pay close attention to any consequent signs of more lasting inflationary pressures.
“GDP growth has been weaker than expected at the time of the November Monetary Policy Report, and indicators of business and consumer confidence have declined. GDP growth is expected to pick up from the middle of this year. The labour market has continued to ease and is judged to be broadly in balance. Productivity growth has been weaker than previously estimated, and the Committee judges that growth in the supply capacity of the economy has weakened. As a result, the recent slowdown in demand is judged to have led to only a small margin of slack opening up.
“In support of returning inflation sustainably to the 2% target, the Committee judges that there has been sufficient progress on disinflation in domestic prices and wages to reduce Bank Rate to 4.5% at this meeting.
“Based on the Committee’s evolving view of the medium-term outlook for inflation, a gradual and careful approach to the further withdrawal of monetary policy restraint is appropriate.”
Dains makes first acquisition after securing private equity backing from IK
Accountancy and advisory services provider to the SME market, Dains Group, has made its first acquisition since securing private equity backing from IK Partners.
Consilium Chartered Accountants, based in Glasgow, has joined Dains Group, which significantly strengthens the client proposition in corporate tax, audit, and corporate finance. The team in Scotland is now almost 200 people strong with offices across the central belt.
“We were attracted to Consilium because of their advisory mindset and strong cultural values,” said Graeme Bryson, Scotland Managing Partner at Dains Group.
“It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”
David Holt, Partner at Consilium, said: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team.
“Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”
“We are delighted to welcome Consilium to the Dains Group,” said Richard McNeilly, CEO of Dains Group. “It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial.
“We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co, and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”
Pete Wilson, Partner at IK, added: “It is fantastic to welcome Consilium to Dains, which represents the 11th acquisition by the group since 2021.
“Dains has a clear ambition to differentiate itself, through offering a high quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market – I know the team cannot wait to get started.”
Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax structuring) and CMS (Legal). Consilium were advised by Vialex (Legal).
BakerBaird builds London link-up
Two long established PR agencies have joined forces to create an East Midlands-London partnership aiming to build a regional network across England.
Nottingham-based BakerBaird Communications’ portfolio includes some of the region’s most significant economic initiatives, including the £4bn East Midlands Combined County Authority, the East Midlands Freeport, and the East Midlands Development Corporation.
It is led by co-founders Richard Baker, a former daily newsroom deputy editor, and Stuart Baird, who was director of communications for government in the Midlands. It also works with the NHS and with a number of technology and built environment businesses.
It is partnering with Allegory, which is based in Shoreditch and was founded by Emma Thwaites, a former BBC news editor who became deputy director of strategic communications at the Cabinet Office and global policy and corporate affairs director for the Open Data Institute.
Now stewarded by CEO Charlotte McLeod, the business specialises in delivering high-impact campaigns for leading universities, research organisations, and data and AI projects for various companies and academic institutions.
The partnership combines the two companies’ experience in strategic consultancy, public relations, public affairs and marketing.
Stuart Baird said: “This time last year, BakerBaird was supporting a Midlands client to host a major event in the House of Commons and it has been our ambition to expand the influence of our clients in the capital. We knew we needed an agency with aligned values, client base and experience. Allegory is a perfect fit.
“Equally Allegory has built a reputation based on excellent delivery for influential clients, such as the AgriTech Centre, and Alan Turing Institute and brings something different to the East Midlands.”
Emma Thwaites said: “Allegory is an insight-driven business with a strong national presence, especially in London and the South East. We have deep expertise in science, data and technology, working with academic, public sector and private sector clients.
“We’ve been actively seeking a regional partner to broaden our reach. BakerBaird stands out as a rare gem outside of the capital – they’ve managed high-stakes campaigns, their team is exceptionally skilled, and they have the expertise to deliver for large-scale clients, much like those we work with.”
Much like Allegory, BakerBaird has supported major university and research projects and worked with key regional businesses. It also has significant experience of government’s devolution programme, delivering awareness raising and engagement campaigns for combined authorities and working across local authority partnerships.
The complementary strengths of both agencies will see them collaborating on a number of new ventures to provide national impact and influence for clients.
SMB College Group’s Brooksby Campus to undergo transformational development with new Agri-tech centre
SMB College Group’s Brooksby Campus is set to benefit from an investment of £18 million from the Department for Education for a transformational development project, including a brand new Agri-tech centre.
With initial building works commencing in the next few weeks, these developments will see the creation of a state-of-the-art Agri-tech centre featuring equipment such as GIS software for field and yield mapping, virtual learning environments, purpose-built labs, drones and robotics.
Dawn Whitemore, Principal and CEO of SMB College Group, said of the new development: “This is a truly transformational project for our Brooksby Campus, and we are incredibly pleased to announce the beginning of construction works for our brand new Agri-tech Centre.
“We have a rich heritage of delivering Agricultural training for many generations and are very proud of our commitment to offering innovative, forward-thinking qualifications and facilities to train the workforce of the future.
“We’d like to extend our thanks to everyone who has been involved throughout the initial planning phases of this project, and we are excited to keep the community updated going forward as the project progresses.
“The support that college has received so far from the teams at the Department for Education and Gleeds has been exceptional, along with Tilbury Douglas who have secured the contract.”
This transformation project also comes in the wake of a series of sustainability projects already underway at the college’s Brooksby Campus, which have been spearheaded by the Land-based Industries Teaching team and their students in recent years.
These impactful projects, which are still ongoing, include a regenerative agriculture/agroforestry project, the restoration of the River Wreake, and a tree planting scheme which has seen hundreds of trees planted across the 850-acre Brooksby estate.
New MD for IMA Architects as senior team step up
IMA Architects, specialists within industrial and commercial architecture, has made three internal promotions at a senior level and welcomed two new members of staff.
Ben Hall, who is celebrating 18 years with the business, has been promoted to Managing Director. Ben will lead on day-to-day operations, continue to run client projects across the UK and oversee the management of the over 20 strong team.
Joe Travers has been promoted to Director and Jack Mellor to Associate Director. The pair will continue to be responsible for the successful delivery of projects for clients, managing client relationships and supporting business development. Ian McCann continues in his role as a Director of the business to share his experience in all aspects, whilst also continuing with a business development role.
The new senior positions also come with the responsibility for mentoring IMA’s growing team. IMA has appointed Alanah Miles as an Architectural Technologist and Jeremiah Olatiilu joins the team as a Part 2 Architectural Assistant.
Commenting on his promotion, Ben Hall said: “It’s a real privilege to take up the position of Managing Director at IMA. Since joining in 2007, I have worked in all elements of the business from being a junior to now being MD.
“To take the helm to help IMA navigate its next chapter is an exciting opportunity for me and the business and something I am immensely proud of. Congratulations to my colleagues Joe Travers and Jack Mellor for well-deserved promotions which will further strengthen our senior team.
“We are really excited to welcome our new team members too, with Alanah and Jeremiah being brought on board to support the team with project delivery.”
Manufacturing network teams up with charity to provide free mental health support
Made in Group, the network that champions, unites, and empowers manufacturers across the Midlands and Yorkshire, has teamed up with Mental Health Innovations, a national charity that powers the Shout helpline. This partnership will enable the group’s 300+ member companies to provide free mental health support to 126,000 manufacturers.
The Made in Group membership is made up of 320 manufacturing businesses across its Made in the Midlands and Made in Yorkshire networks. Shout is the UK’s first and only free, confidential, 24/7 text messaging mental health support service.
The Made in Group is funding access to a Shout helpline, run by trained volunteers, for all network members. Anyone working in a member organisation that has signed up to the initiative can access free support by sending a text message that will enable them to start a conversation with a Shout volunteer at any time of the day or night.
Made in Group CEO Jason Pitt explains the thinking behind the project: “Studies show that manufacturing ranks in the bottom 10% of industries for employee mental health, with 17 million days lost due to work-related stress, depression, or anxiety between 2021 and 2022.
“Add to this the fact that, despite efforts to redress the balance, our sector remains heavily male-dominated, with men making up more than 80% of the workforce in the sector, and men are more than 40% less likely to talk openly about their mental health.
“Our aim is to enable our members to provide free, confidential support for their employees and to help break down stigmas surrounding mental health. We are also keen to encourage a culture of more open conversations about mental health in the workplace and the industry.”
The Made in Group plans to host a series of workshops and events throughout the year, offering further tools and strategies to help manufacturers create supportive environments for their teams. They are also planning a series of fundraising activities for Shout.
Francesca Hughes, partnerships manager at Mental Health Innovations, adds: “At Mental Health Innovations, we are pleased to be partnering with Made In Group to help support engineers across the Midlands and Yorkshire.
“Common challenges those in the industry face, such as financial worries and loneliness, can have a significant impact on mental health, so we want to ensure they have access to immediate and confidential support whenever they need.
“Through our free, confidential and 24/7 text service Shout, we hope to help more people feel heard, supported and empowered to seek further help with their mental health.”
Government develops new planning rules for nuclear development, paving the way for Rolls-Royce SMRs
More nuclear power plants will be approved across England and Wales in the wake of changes planned by Prime Minister Kier Starmer.
Reforms to planning rules will clear a path for smaller, factory built nuclear reactors – known as Small Modular Reactors or SMRs – to be built for the first time ever in the UK. This is expected to create thousands of new highly skilled jobs while delivering clean, secure and more affordable energy for working people.
The new plan will shake up the planning rules to make it easier to build nuclear across the country, achieved by:
- Including mini-nuclear power stations in planning rules for the first time – so firms can start building them in the places that need them.
- Scrapping the set list of eight sites – which meant nuclear sites could be built anywhere across England and Wales.
- Removing the expiry date on nuclear planning rules – so projects don’t get timed out and industry can plan for the long term.
- Setting up a Nuclear Regulatory Taskforce – that will spearhead improvements to the regulations to help more companies build here. This will report directly to the PM.
Charity giving ‘happy days’ to 35,000 children a year hails “incredible” two-year support pledge from Derbyshire science company
Derbyshire children with mental, physical and emotional difficulties are to be given ‘Happy Days’ after a local science company pledged support for a highly valued charity.
The Happy Day’s Children’s Charity which helps 35,000 children each year has hailed the “incredible” two-year support pledge from science company Lubrizol, which has a UK Technical Centre in Derbyshire.
Founded in 1992, the charity provides special days and short breaks for children in the UK who are living with mental, physical and emotional challenges. It is the latest charity to be adopted by Lubrizol which has bases in Derbyshire, Barnsley, Huddersfield and Manchester.
Rob Cox, fundraising and marketing manager for Happy Days, said the charity had seen a significant rise in demand over recent years and that some families requesting help have had to wait for up to 18 months to receive support.
He said: “This support from Lubrizol is absolutely invaluable. They will be our biggest corporate partner this year. People are really struggling at the moment and for families we are working with, life has become even harder.
“We have seen a big increase in families and groups asking for support in the last two years. The more need there is for our services, the more support we need, and for Lubrizol to step in at a time like this, it’s really invaluable to our work. It’s going to be absolutely incredible for us.”
Happy Days Children’s Charity organises and funds a wide range of activities, including trips to the seaside, theatres, zoos, museums, outdoor activity centres, sporting events and other educational and cultural activities.
The charity receives no government funding and relies entirely on support from companies like Lubrizol and an army of volunteers.
Rob said: “Some parents don’t have the finances even to afford a simple day trip, especially with the cost of living situation. One reason we’re able to help is thanks to the many amazing teachers, doctors, care workers and support staff who give up their time to accompany children on their trips.
“We have thousands of volunteers all over the country. As we receive no government funding, we’re 100 per cent reliant on the generosity of companies like Lubrizol to fund our activities – thank you to each and every one of them.”
Charity and community committee leaders at Lubrizol asked employees around all its UK sites to vote for a main charity to support and Happy Days came out on top. During 2023 and 2024 the company has supported St John Ambulance, donating more than £17,000, and it has previously raised more than £28,000 for Mind.
The company’s Derbyshire base has previously donated to Happy Days, paying for 60 children and 17 carers from a Derby special educational needs (SEND) school to enjoy a day out in Skegness.
Rob said money donated through Lubrizol would be used to benefit children living in the areas where the company has sites: Derbyshire, Yorkshire and Manchester.
He said: “A few years ago, we were looking at six to twelve months to be able to arrange an activity or special day out. Now, it can be up to 18 months before we can step in to help. So this support is going to make an enormous difference.
“In a lot of cases, when people phone us it is often when their circumstances have reached breaking point, and often far beyond the time when they really need support. Many families can feel embarrassed about contacting a charity so asking them to wait for another 18 months before we can help is a difficult thing to do.
“The support that Lubrizol will give us will mean we can help children and families much more quickly, which is just so important.
“There are incredible short term and long term benefits to our work.
“It’s about getting children outdoors, out of isolation, and connecting them with each other. For example, some of the children we support have lost siblings or may be young carers supporting parents, and they can often feel very alone in dealing with their problems.
“If we can help them to get out, have fun and meet other kids in similar circumstances, it not only helps them share their worries but helps them form friendships that can last a lifetime.
“We’re also teaching children skills and giving them the opportunity to do things that they wouldn’t normally be able to do because of the barriers they face. So ultimately, whilst our special days are about having fun, they’re vital in enabling kids to overcome challenges, helping them to build confidence and self-esteem.”
Claire Hollingshurst, from Lubrizol’s charities and communities committee, said: “I’m delighted that the brilliant Happy Days Children’s Charity has been chosen as Lubrizol’s UK-wide charity for the next two years.
“Giving back is so important to us at Lubrizol and over the years we have been able to make a big difference to charities with significant funds raised. We really look forward to doing the same for Happy Days. Their work is incredible and clearly makes a huge difference to thousands of children across the UK.
“We can’t wait to support them with some great fundraisers and initiatives. It’s lovely to hear that Happy Days will be supporting children local to our areas and we look forward to working together over the next two years.”
Sparks of economic recovery as new business numbers rise in East Midlands
A steep rise in the number of East Midlands start-ups and a drop in insolvency-related activity are showing sparks of economic recovery in the region as local businesses head into the first quarter of 2025.
According to the Midlands branch of R3, the UK’s insolvency and restructuring trade body, there were 2,424 businesses set up in the East Midlands in January, which is over a third (36.56%) higher than the previous month (1,775) and is one of the highest monthly statistics of the past six months.
The figures, which are based on R3’s analysis of data from business intelligence provider Creditsafe, also highlight a January fall in insolvency-related activity in the East Midlands, which includes liquidator and administrator appointments as well as creditors’ meetings.
R3 Midlands Chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “It’s good to see some positive growth statistics emerging, particularly as we are currently facing so much economic uncertainty.
“It is important to see the full picture, however, and R3’s analysis shows that a sizeable percentage of our region’s businesses continue to struggle – 24,298 East Midlands companies had late payments on their books in January, which is not only high, but is also a rise from the previous month.
“Going forward, there are reports that economic growth will accelerate this year, mainly due to a drop in interest rates and an increase in government spending, but significant hurdles remain for businesses to navigate.
“Key to capitalising on any improvements in the trading environment will be the ability and willingness of business owners to plan ahead and act on opportunities, as well as monitor their company’s finances carefully.
“If cash flow becomes a major challenge, it is crucial to seek professional advice as soon as possible. There is a significant amount which can be done to rescue and support East Midlands businesses if help is taken early enough.”
Leicester shopping centre snapped up
Evolve Estates, part of commercial property and investment collective M Core, has acquired Beaumont Leys, a community shopping centre in Leicester.
The 10-acre site is the dominant local retail offer within the area, serving a significant residential population of 670,000 people. The acquisition is a joint venture with M Core.
The shopping centre has recently benefitted from significant capital investment, including developing a drive-through Starbucks, further boosted by B&M committing to the former Wilko unit on a 10-year lease.
This community asset serves residents’ requirements for convenience shopping and Evolve will use its expertise in this sector to manage the asset, working the tenant mix while optimising the centre for the local community’s needs.
Beaumont Leys is anchored by Tesco Extra and Aldi, with key tenants B&M, McDonald’s, Poundland, and Boots. There are three car parks, which provide 1,500 free car parking spaces and 12 EV charging points.
Sebastian Mcdonald-Hall, Partner at Evolve, said: “The shopping centre is perfectly positioned for the local community; Beaumont Leys is a key district within Leicester and is home to several attractions that contribute to its vibrant life.
“Beaumont Leys is experiencing significant investment and residential development, and the area is a focal point for new housing projects that serve the wider Leicester area.
“Our team will build on the success, ensuring the asset continues to serve the local community with a variety of tenants that meet demand.”
The deal was brokered by Evolve on behalf of the purchaser L&C Investments Ltd and will be managed by Evolve.
James Stratton, Savills, and Tim Lloyd, Cited, acted for Evolve. Will Lund, Knight Frank, and Steven Lewis, Lewis and partners, acted for the vendor.
Streets’ to deliver annual update on issues affecting payroll management, HR and compliance
Whether you have just one employee or a large workforce, you do payroll in house or use a payroll bureau, have an HR team or not, Streets Chartered Accountants’ Annual Payroll & HR Update aims to keep you informed of the issues, regulations and changes affecting payroll management, HR and compliance.
Taking place from 11:00 – 12:00 on Wednesday 19th February, the virtual event will also look at the broader HR matters that may concern employers now and in the year ahead, along with the potential impact of changes to and the introduction of new employment legislation.
Payroll – a topical update and refresher
Theresa Waddingham, Partner, Streets Chartered Accountants
Theresa’s presentation will focus on the forthcoming changes affecting payroll as we start a new tax year, along with some useful hints and tips to make your life easier to ensure that those charged with payroll are on the right track. Her presentation will include the following:
- NLW and NMW changes and rates for 2025
- Statutory increases
- Working from home expenses
- Working from home when home is in another country
- Changes to the employment allowance
- Employment allowance and connected entities
- Employers NI changes
- What can be done to mitigate the NI increases
- What can we anticipate in the future
- What businesses need to do to demonstrate that they are taking measures to prevent sexual harassment following the amendment to the Equality Act that came in in October 2024 and the guidance issued by Equality and Human Rights Commission
- What will happen with the Government’s Employment Rights Bill in 2025
- Other legislation that will come into force in 2025 that businesses should be aware of
To register for the event click here.
This presentation will be recorded and available on demand for those not able to join live. Simply register to receive a link to watch on demand.Record first half performance for sustainable building products firm Alumasc
Alumasc, the Northamptonshire-headquartered sustainable building products, systems and solutions group, has seen a record first half performance, with revenue and profit on the rise.
According to results for the six months ended 31 December 2024, group revenue increased by 20% to £57.4m, with organic growth in all three divisions.
Underlying profit before tax, meanwhile, grew strongly, up 19% to a record £7.5m.
Statutory profit before tax rose to £6.5m from £5.6m in the same period of the prior year.
Paul Hooper, Chief Executive of Alumasc, said: “We are pleased to report a record first half, driven by both organic and inorganic growth. Group revenue grew by 20% compared to the prior period, which is a particularly impressive result given the challenging market environment.
“All three divisions have demonstrated continued growth in revenue, highlighting the resilience of our business model. This performance reflects execution of, and focus on, our four strategic pillars: accelerating organic revenue growth; enhancing efficiency and margins; advancing sustainable products; and making value-enhancing investments.
“We’ve also made significant progress in expanding our presence in export markets, which should benefit future periods’ revenues and profits. We are particularly excited about the performance of ARP Group, who have exceeded expectations since joining the Group in December 2023. We are confident that we will continue to see synergies and efficiencies come through in the second half.
“We remain confident in both the quality of our businesses and in our capacity to deliver our ambitious growth plans, supported by our strong positions in higher growth sustainability-driven markets, and have a clear line of sight to delivery of significant shareholder value.”
Rolls-Royce welcomes strategic co-operation with Hungary over SMRs
Rolls-Royce SMR has welcomed the announcement by Hungarian Foreign Minister Péter Szijjártó of growing strategic cooperation with the UK on nuclear energy, including a specific focus on small modular reactors.
Rolls-Royce SMR’s Director of Strategy and Business Development, Alan Woods, said: “The announcement on cooperation between the UK and Hungary, which specifically mentioned SMRs and described Rolls-Royce SMR as a leader in the development and deployment of this technology, is exciting.
“Hungary is an experienced and credible nuclear nation and our work in Central Europe – including our strategic partnership with Czech utility, CEZ – means there is a huge opportunity in the region.”
Each ‘factory-built’ Rolls-Royce SMR nuclear power station will provide enough low-carbon electricity to power a million homes for more than 60 years, and will create thousands of long-term, high-skilled jobs.
Games Workshop appoints LEGO regional president to board
Games Workshop, the Nottingham-based manufacturer of miniature wargames, has appointed Eric Maugein to the board as non-executive director of the company.
Eric will also become a member of the Audit and Risk, Remuneration and Nomination Committees.
Eric has more than 35 years of experience in the consumer goods sector and spent 20 years of his career at The LEGO Group. Most recently, Eric was regional president at The LEGO Group Asia Pacific.
Eric has considerable experience in building and leading successful strategies for new markets in the Middle East, Europe and Asia, defining and implementing expansions in markets such as China and India.
