Construction gets underway on 43,000ft² warehouse in Leicester

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Urban Logistics REIT and Wilson Bowden Developments have begun construction on a new speculative warehouse/distribution unit in Leicester that will be available by the end of April 2022. The property sits directly off the A46 and Junction 21 of the M1 motorway. The Grade A warehouse will offer 43,850ft² with 12 metre eaves and both dock and level access doors. The site will offer a self-contained securely fenced and gated service yard and car parking area. Tim Gilbertson, director of FHP Property Consultants, said: “Leicester and its environs is a terrifically strong market and this new build unit of over 40,000ft² should go extremely well given the strength of demand in the marketplace and the number of enquiries we continue to receive. “Credit to our clients here for ‘grasping the nettle’ and pressing on with speculative construction. I am very confident that we can have this building with a deal agreed in the coming months ready for an occupier to move into from practical completion in spring 2022.” Toby Wilson of Urban Logistics REIT added: “Leicester continues to experience robust demand with limited new build Grade A options. This is a well located high specification unit with excellent sustainability credentials and a good surrounding labour supply, situated in an established and successful warehouse location offering easy access to both the A46 and M1. “The lack of stock in the area for sub-50,000ft² buildings is generating good levels of initial interest pre-completion in April of this year.” John Barker of Urban Logistics REIT said: “Leicester is a fantastic market which like most Midlands locations benefits from great road links and a market which is hugely under supplied in terms of available stock with demand continuing unabated. “The building will be ready for occupation by the end of April this year and we do hope that the initial strong interest generated by our agents will see a deal completed well before completion of the building.”

Regeneration scheme to bridge the skills gap in Worksop

Bassetlaw District Council and the RNN Group will be bridging the skills gap in North Nottinghamshire with a new partnership that will deliver better futures for local people. The RNN Group confirmed this week that they will be the first education provider to deliver opportunities at ‘The Bridge – Skills Hub’, the Council’s flagship regeneration project that is currently taking shape at Bridge Court in Worksop (formerly badged as the Worksop Access to Skills Hub). Creation of ‘The Bridge’ has been supported by the D2N2 Local Enterprise Partnership with funding of £3.5million from their allocation of the Government’s Getting Building Fund. The Bridge will welcome students, businesses and learners in April this year through courses that will provide access to Higher Education and meet the emerging needs of local and regional employers. As well as initially offering opportunities across a range of subjects including Health and Social Care and Leadership and Management, it is anticipated that more diverse subjects in the fields of digital transformation; green technologies and low carbon and construction will be offered as the provision of skills providers is expanded. ‘The Bridge’ will create 50 jobs and support 300 learners, following a 12-month build project that has seen a long-term vacant building at the gateway to the town centre transformed into a state of the art skills hub. More announcements are expected as the project develops.
Cllr Jo White, Cabinet Member for Regeneration at Bassetlaw District Council, said: “The focus of The Bridge Skills Hub is to change lives, provide new opportunities, raise aspirations and increase local prosperity. “This state-of-the-art skills hub is being created with modern high-class facilities for its future students to develop and I welcome the RNN Group taking the lead and using The Bridge to increase their range of courses for local people. “Worksop town centre is desperate for a place like The Bridge; a catalyst that will increase the number of visitors to our high street, support local businesses, shops and cafes, which is really needed in these current, difficult times.”
Will Morlidge, Interim Chief Executive at D2N2, said: “I’m delighted with the progress of this project and the impact our funding is having to increase skills and career opportunities within Worksop and North Nottinghamshire. “This transformational regeneration scheme will provide a range of opportunities for learners who might never have considered Higher or Further Education, helping to address skills shortages and meet new and emerging needs within the local community.”

Timber transportation company sold to German group

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TTS Shipping, a Leicestershire-based timber transportation and logistics company established in 1988, has been sold to Navalis Group, a renowned family-owned German ship-owner. The two firms have successfully traded together for over twenty years, both specialists in the forest product trade in the North and Baltic Sea, and the acquisition represents a vertical integration into the supply chain for the Navalis Group. Dougie Bryce, director of TTS Shipping, said: “The acquisition by Navalis heralds the start of an exciting new chapter for TTS. The support of the Navalis management with their history of owning and operating specialised, ice-class, timber fitted vessels will take TTS’ long-established timber lines to another level and at the same time create a secure future for the business, our clients and our suppliers.” Bryce will stay on as director of TTS for a limited time to enable a smooth transition period for the integration of TTS Shipping in the Navalis Group. Law firm Geldards advised the shareholders of TTS Shipping Ltd, led by corporate partner Peter Seary with support from colleagues Caroline Findlay (Property) and Andrew Evans (Tax). Peter Seary, corporate partner, Geldards, said: “We have worked with Dougie Bryce and TTS Shipping for a very long time and were delighted to advise them on this transaction. The meshing of the two companies’ specialist shipping expertise and knowledge promises a bright future for the shipping sector.” Corporate finance advice for the sellers was given by Dean Curtis and Caroline Monk of Beever and Struthers in Manchester. Navalis was represented by Alex Kyriakoulis and Amy Gyngell of HFW solicitors.

M-EC helps to ‘Build the Future’ with its 2022 Apprenticeship Programme

Based in Leicester and Brighton, operating nationwide, M-EC is a quality driven firm of technical development consultants, providing engineering consultancy for a range of industries and sectors. The team is passionate about learning and development and has been offering apprenticeships across its different engineering and environmental disciplines since 2012. Dedicated to supporting individuals to succeed and achieve their ambitions, during National Apprenticeship Week 2022 (7th to 13th February), M-EC will be launching its next intake of apprentices. There are opportunities available for eager and enthusiastic school leavers and A level graduates in civil engineering and geotechnical drilling. M-EC’s head of people, Joanna Stevens, said: “Growing our business while supporting the local community with training and development opportunities is important to us and sits well alongside this year’s National Apprenticeship Week theme of ‘Build the Future’. “We have excellent opportunities available this year including Level 3 and Level 6 Civil Engineering apprenticeships, suitable for a passionate and ambitious GCSE school leavers and A level graduates. There will be opportunities to work on a range of projects and learn about civils, structures and flood risk by joining M-EC as Civil Engineering Technicians. “In addition, we are teaming up with the British Drilling Association to offer the opportunity for a Trainee Geotechnical Driller apprentice to be trained as a ‘second man’ assistant driller on our drilling rig.” This is the tenth year of offering apprentice opportunities and M-EC is keen to find new trainees to join the team in delivering engineering consultancy services for both private and public sector projects including residential, commercial, industrial, retail, leisure, education and healthcare.

Last chance to win a free office design

Entries close tonight at midnight for a chance to win a free office design as part of the 25th anniversary celebrations for Lincolnshire commercial office design and refurbishment company APSS. As businesses across the UK have been forced to adapt to a post-COVID working life, many companies have been forever changed. “The way offices are used has changed, and businesses need to ensure they reflect the new way of working,” explained Stuart Marsland, sales director for APSS. “When an office is designed to specifically meet the needs of the business, there is a significant increase in staff morale, as well as productivity. You will find the business flows better and becomes more efficient. “In addition to celebrating our 25th anniversary, we want to help those businesses who may not have considered bringing in a professional company to redesign their office before. If we can help them to better understand the flow of how their business could work going forward, it will make a huge difference to that company.” Established in Lincoln in 1997, APSS has evolved from a partitions and storage solution company to providing clients with a full design and fit out service. APSS specialises in creating offices which showcase a company’s brand, personality and help boost staff morale, productivity, and efficiency using inspirational designs and natural light. Entries close at midnight on February 7th, 2022. To enter, submit an online form and answer four questions about what both the company and its staff want included in their office environment. The winner will be chosen by a panel of judges and will receive computer-generated images and a video walkthrough of the design to show what potential the office has. In the last 25 years APSS has completed over 10,000 orders for customers across the country. The company’s first-ever customer was Siemens. Since then, it has designed and refurbished offices and retail spaces for Wren Kitchens, Slimming World, Octopus Energy, Loughborough University, University of Sheffield and Bakkavor to name just a few. For all terms and conditions of the competition, please visit the APSS website.

Stations on Barton-on-Humber line to receive £400k upgrade

East Midlands Railway (EMR) is to spend more than £400,000 upgrading and refreshing 12 stations along the Barton-on-Humber line. The works, which aim to improve the overall station environment and travelling experience for customers, include the installation of passenger electronic help points – which allow customers to contact EMR’s customer service centre for information or the emergency services for assistance when required. The stations will also have benches, signage and platform information replaced and refreshed – as well as new grit bins installed. Metal fencing will be repainted, timber fences will be stained, while other structures, such as brick shelters and columns, will also be painted – helping to improve the appearance of the stations for customers up and down the route. Specifically at Thornton Abbey and New Clee replacement fencing will also be erected. EMR expect the work to be finished by late Spring. Lisa Angus, Transition and Projects Director at East Midlands Railway, said: “We understand how important these stations are to the rural communities they serve and we hope these improvements will help to enhance the experience for customers who use the line for commuting, to visit loved ones or enjoy the lines scenic tourist locations like Thornton Abbey. “The improvements are real boost to the line and will provide better signage, seating and information at every station on the route.” Gill Simpson, Community Rail Officer at Barton Cleethorpes Community Rail Partnership, said: “Station improvements are always a high priority for the BCCRP and every year our members campaign for large scale improvements and fund smaller projects, so this news from East Midlands Railway is most welcome. “With the high growth of employment opportunities in North and North East Lincolnshire, this is just another excellent reason for people to come to live and work here, and enjoy all the things this area of the country has to offer. The improvements also enhance the station experience for existing residents and casual visitors.”

Worksop company acquires duo of online retailers

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The joint administrators of Big Home Shop Limited and Physioroom Limited have announced a going concern sale of the businesses and their assets to Worksop-based Kybotech Group. Based in Padiham, near Burnley, Big Home Shop Limited sold garden furniture, outdoor equipment and other general furniture items via various channels on Amazon and other such online marketplaces. Physioroom Limited sold home exercise, recovery and injury prevention equipment via its dedicated website, www.physioroom.com. Kybotech Group is an online retailer of garden buildings and garden furniture, in addition to being the designer and manufacturer of the ‘BillyOh’ outdoor buildings range, which is the largest brand of its kind in the UK. The transaction sees Kybotech Group acquire all of the business and assets of the two companies. A total of 23 employees who were retained by the joint administrators while they continued to trade the businesses have transferred to the purchaser as part of the transaction. Commenting on the sale, Rick Harrison, Managing Director at Interpath Advisory and joint administrator, said: “We are pleased to have concluded this transaction, which not only sees Big Home Shop and Physioroom move into new ownership, but which also safeguards a significant number of jobs. “We’d like to express our sincere thanks to all of the employees for their support in trading the business while in administration, and wish them, and the team at Kybotech Group all the very best for the future.” Charles Walton, founder and group CEO of Kybotech Group, said: “We are delighted to be able to continue the brand journey of both Physio Room and True Shopping. These are fantastic additions to the Kybotech Group brand family, and we are very excited about the future.” The Interpath Advisory team comprised Rick Harrison, Howard Smith, James Pollicott, Rich Curran, Amy Starkey, Tony Rudkin, Ryan Manuel, Lorna Cottom, Tom Morton and Emma Loten. The joint administrators were advised by Chris Roberts, Rob Lyons and Grace Imafidon from DLA Piper. Kybotech Group was advised by teams from Kroll and Field Fisher.

Derby industrial unit sold

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FHP Property Consultants have sold 10b Sawley Park, Derby to Derbyshire Flooring Contractors Ltd, on behalf of a private client. The property is a modern end-terraced industrial unit comprising 1,219ft2 of clear span warehouse accommodation. The premises sits within Sawley Business Park, a well-occupied estate located off Nottingham Road which provides convenient access to Derby City Centre via Pentagon Island. Dan Mooney of FHP Property Consultants said: “I am thrilled to have been part of this transaction from start to completion. Back when we began marketing this property in October 2021, I anticipated that it would attract a significant level of interest due to the lack of supply for units of this size. “The property was sold for above the asking price of £185,000 which is not only a great result for the vendor, but also the purchaser who had been searching for something like this for quite some time.”

Anglian Water outlines largest ever year of investment

Anglian Water outlines largest ever year of investment focusing on climate resilience, environmental protection and driving down leakage Including £28million of support for customers as cost of living increases Anglian Water has today unveiled a huge £680million investment programme for the year ahead. The largest investment ever planned for a single year will be spent across the entire East of England, which is the driest and one of the fastest-growing parts of the country. The funds will be ploughed into areas of work specifically aimed at preparing the region to meet the urgent challenges of climate change and population growth, as well as protecting the environment. The water company will also continue to offer a wide range of support for customers to help them plan and manage their water bills, as the cost of living increases that have swept the UK over the last 12 months are set to continue. Average water bills for the coming year are expected to be £454 for the year, or just £1.24 per day – an increase of just 6p per day on last year’s charges. This 5% rise compares to a forecasted average energy bill price hike of around 40%. Having a water meter remains the best way of keeping bills affordable as customers only pay for what they use. Anglian Water’s Director of Customer and Wholesale, Pete Holland said: “We know this year is going to be tough for our customers, as the cost of living increases for us all. That’s why we’re committed to keeping water bills as low as possible while still preparing our region to meet the significant challenges of a rapidly changing climate, and growing population. “The average bill of £1.24 per day pays for all the water you need to wash your hands, to drink and to cook, and for every flush of the loo and cycle of the washing machine. But more than that, it helps us build and look after a water network that protects both the environment and our customers while looking ahead to future challenges too.” A £680million investment programme: fit for a changing region Operating in the driest region of the UK, Anglian Water has often highlighted the future challenges of water scarcity facing the East of England. The company’s largest ever five-year business plan, which began in 2020, outlined ground breaking schemes specifically designed to tackle this challenge, while protecting the region’s environment for the long term. The proposals were wholeheartedly endorsed by customers. This is the third year of that cycle and will see boots-on-the-ground as this work continues, including: ·       Environmental investment: £157million to protect and enhance the natural environment by removing chemicals such as phosphates and ammonia from used water, and working with organisations like The Rivers Trusts on river restoration projects to protect some of the region’s unique chalk stream habitats. This work forms part of Anglian’s £800million Water Industry National Environment Programme (WINEP), which is larger than that of any other water company. ·       Tackling CSOs: Within that programme of work, £52million will be spent on work tackling Combined Storm Overflows by increasing the network’s capacity to store excess rainwater, investigating and remedying the highest spilling CSOs and installing more monitors across the sewer network, so future investment can be targeted in the places where it can have the most benefit for the environment. ·       Securing future supplies: £124million continuing work on the region’s biggest water infrastructure project for a generation, creating hundreds of kilometres of new interconnecting pipelines and associated infrastructure to move water around the region wherever and whenever needed.  This is part of an ambitious new investment in resilience to keep taps running and minimise the impacts of future droughts, and reducing the amount of water taken directly from the environment. ·       Helping customers save water: £31million will be spent on the continuation of the company’s programme to roll out over 1 million upgraded water meters across the region, helping customers to understand their water usage and identifying leaks in customer’s homes to better meet demand for water in the future. ·       Reducing leakage: £11million on continuing to drive down leaks, retaining Anglian Water’s position as having the lowest level of leakage of any water company in the UK, by almost half. The company will also invest heavily in maintaining and improving customer service, providing top quality drinking water and protecting the region against severe weather such as drought and flooding. Continuing support for customers and communities Every year Anglian Water commits £1million to help vulnerable customers facing financial hardship. The year Anglian Water will  continue to extend financial support to over 300,000 households via its WaterCare Service. Alongside helping people who’ve needed financial support this year, the water company has also increased the number of customers signed up to its Priority Services Register, meaning over 250,000 of the most vulnerable customers will get additional help should they need it. The company’s priority service helps a wide range of people, from those with sight, hearing, or mobility difficulties, to parents with babies under 12 months old. The service also provides support to customers with long or short-term medical needs should there be any interruption to their water supply. Pete continued: “Offering the right support for our customers has never been more important. Over the next 12 months we’ll be helping over 300,000 people by putting together packages of support that are tailored to meet their individual needs. This might be through accessing affordable tariffs or payment holidays for those who may be struggling to pay, or could be as simple as direct debit payments to help spread the cost each month. “Whatever the circumstances, our message to customers is simple: if you’re struggling, please get in touch. The sooner we talk, the sooner we can help. And not only with your water bill, our Extra Care team can also signpost you to other support that you may be entitled to. “This is the biggest investment we’ve ever made in a 12-month period and it comes at an incredibly challenging time for everyone. Our customers can be reassured that we invest every pound in doing the right thing now and for the long term. We believe our responsibility is to them, their communities and to the environment we look after.”

Leicestershire alternative finance provider secures £100m in additional funding for SMEs

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ThinCats, the Leicestershire-based alternative finance provider to mid-sized SMEs, has extended its partnership with specialist global asset manager Insight Investment, which has agreed to allocate a further investment of up to £100 million from its funds under management. The new capital will be deployed by ThinCats as a senior finance line to support SMEs across the UK and follows an earlier participation from Insight Investment managed funds in September 2018. Insight Investment’s managed funds are part of a panel of senior investors, including Barclays and Citi, which is deployed alongside ThinCats’ own capital. Shaheer Guirguis, head of secured finance, Insight Investment, said: “Insight has partnered with ThinCats for more than three years and seen it grow from strength to strength. “During this time, and despite the substantial economic impact caused by the Covid pandemic, our investment capital has continued to provide valuable support to UK SMEs while delivering good risk-adjusted returns to our investors. We are delighted to be continuing our relationship through this further investment of £100 million.” Ravi Anand, Managing Director, ThinCats, said: “The relationship between ThinCats and Insight Investment has been a successful one, and we are pleased to be extending the partnership in this way. “The new investment will provide much needed additional support for mid-sized SMEs as they invest in their post-pandemic growth strategies. Adding this new investment to the existing capital of our investor panel, alongside our own funding, means we have £650 million currently available to deploy in support of businesses across the UK.”

Final finial now in place on historic Market Hall roof

Restoration of Derby’s historic Market Hall roof is close to completion with the second and final finial being lifted into place. The Market Hall has been undergoing a transformation beginning with the restoration of its cast iron, copper and glass roof. Completion of the roof leads the way for the internal transformation to begin, as repairs continue to the Victorian brick and stone exterior. Cllr Mick Barker, Deputy Leader of Derby City Council, said: “Completing the restoration of this historic Market Hall roof paves the way for the rest of the Market Hall’s transformation. Soon we can move onto the internal renovation and give Derby a fantastic market which is full of life.” Derby Market Hall will become a vibrant retail and leisure destination at the heart of city. The scheme will link various parts of the city centre together increasing the diversity of the city centre economy. The transformation will also play a key role in creating a thriving cultural heart in the Market Place and surrounding area as part of plans to encourage economic recovery and investor confidence in the city centre. When it reopens the transformed Market Hall will offer traditional and themed markets, events, one off or pop up uses and events, with a greater emphasis on food and drink. It will also contain a Make and Trade area where crafters and makers can create and sell their work. A traditional market offer will be complimented by a new food court and flexible events space adding to Derby’s day and night time economy. Plans to remodel the Market Place and surrounding area as the cultural heart of the city centre is part of the wider vision for a vibrant city centre, which is key to ensuring Derby’s economy remains resilient following COVID 19. A task force, made up of representatives from both public and private sectors, is driving activity to maintain business and investor confidence, and recently a £1.75 million initiative was launched by Derby City Council to encourage more businesses to locate in the heart of Derby.

Register now for free entry to Lincolnshire’s Property & Business Investment Expo

The Property & Business Investment Lincolnshire Expo will return on Wednesday 27 April 2022 at The Bentley Hotel, Lincoln. A well targeted, free to attend event aimed at the Construction, Property, Business, Investment, Finance, Professional Services and related B2B markets, for which Business Link is a proud partner, it has everything you require for a great day of networking and business generation. Take this opportunity to meet more potential clients in one amazing cost effective day, than it would take months out on the road. Opening at 9am, as the exhibition closes (circa 2pm), it will roll directly into an informal network lunch – tickets are just £25 plus vat and can be ordered and paid for directly online.

To attend the event, register for free here.

To generate opportunities by exhibiting at the event, click here.

Purchase tickets to the networking lunch here.

Clowes Developments break ground at luxury apartments in Matlock

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Groundworks have begun at Matlock’s brand-new luxury apartment development, Riber View. Riber View will comprise 47 one- and two-bedroom luxury apartments benefiting from south facing aspects towards the iconic Riber Castle, which overlooks the historic town of Matlock. Construction contractor, Roe Developments have commenced ground improvement and piling works following the satisfaction of pre-commencement conditions set out by the local council. The works are expected to take 12 months to complete with the apartments ready for occupation by Spring 2023. Local agent, Sally Botham and her team of experts will be marketing the properties locally. Residential agent Sally Botham said: “I am delighted that Sally Botham Estates will be marketing a scheme of this nature in our hometown of Matlock. Our brand-new marketing suite will be opening next door to our main office on Bank Road within a matter of weeks. We will be using this space to showcase the scheme to all prospective occupiers over the coming months. We are excited to start promoting this development on behalf of our client, Clowes Developments.” There will also be 3,000 sq ft of ground floor retail opportunity at Riber View. The space can be taken by one occupier or split into two units to suit occupier requirements.

Ditch NICs to recover 250,000 drop in apprenticeship starts, small firms urge, as #NAW2022 gets underway

The Federation of Small Businesses (FSB) is urging the Government to look again at its planned hikes to National Insurance Contributions (NICs) to facilitate more workplace opportunities for young people as part of levelling up efforts. The recommendation comes as this year’s Apprenticeship Week begins today in England. Last week, the Government established an aim of having “200,000 more people successfully completing high-quality skills training annually, driven by 80,000 more people completing courses in the lowest skilled areas,” as part of its Levelling Up white paper. FSB’s latest Small Business Index shows the proportion of small firms citing lack of access to appropriately skilled staff as a barrier to growth has risen ten percentage points to 33% over the past year. Though exemptions do exist for apprenticeships, FSB estimates that employers are paying NICs for most apprentices across the UK. Apprenticeship starts have dropped from just under 500,000 a year in 2016/17, before the introduction of the Apprenticeship Levy, to under 325,000 in 2020/21. To address these trends, FSB is urging policymakers to:
  • Remove all employer NICs costs for apprentices to spur role creation.
  • Cancel planned increases to NICs across the board and dividend taxation to free up funds for recruitment and training among entrepreneurs.
  • Reintroduce the £3,000 incentive to hire an apprentice that ran until January of this year, targeting the funding at small businesses.
FSBs policy representative Clare Elsby said: “Apprenticeship Week is a fantastic opportunity to celebrate the importance of on-the-job education and the massive benefits it brings to employee and employer alike. Our apprentices are our future business leaders and innovators, and that’s why we should be doing all we can to create more of them. “By looking again at its approach to NICs, the Government can make a real difference here – directly, by bringing down the immediate costs of taking an apprentice on, and indirectly, by freeing up more funds for recruitment and training at a moment when cash reserves are depleted. “Small businesses disproportionately hire young people and those from disadvantaged groups when they create apprenticeships, so a targeted reintroduction of the hiring incentive that existed over lockdowns makes sense in the context of the levelling up agenda.”

Two storey office block sold in Burton

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Commercial property agents, Rushton Hickman Ltd, has just sold an 11,769 sq ft two storey modern office property on behalf of a private investment client to local businessman and optometrist, Mr Raheel Fayyaz. The Derby Turn Building is located along Derby Road, Burton upon Trent and is a part let investment, providing ample car parking. Mr Fayyaz intends to convert the unoccupied space into high quality two bed residential apartments, which he hopes to bring to the market in February 2022. Rushton Hickman have been retained immediately as the commercial property agents for marketing ground floor Suite 2, which will provide office or dry storage accommodation suitable for a business looking for swift occupation on a short or long term basis. Mr Fayyaz said: “The Derby Turn building presented an attractive opportunity for a residential conversion following a viewing with Simon from Rushton Hickman. The location and numerous parking spaces further added to the viability of the project. “I have worked with Simon and his colleagues for a number of years, having completed a number of acquisitions through them and trust their knowledge and guidance completely. We hope to add quality housing which is much needed in the area to the rental market in Burton on Trent, by offering luxury living at affordable prices.” Rushton Hickman commercial property agent, Simon Walker, said: “We are delighted to have recently concluded the sale of The Derby Turn Building. The property benefits from easy access to the main A38 arterial route and is close to Burton upon Trent town centre and railway station, which makes for an ideal site to consider for a residential accommodation conversion. “We very much look forward to continuing our business relationship with Raheel in the future and agreeing terms on more property projects with him.”

Save Derby County – Team Derby disheartened by latest meeting

A group seeking to work with the EFL and administrators to save Derby County say they are disheartened by the league’s latest position. ‘Team Derby’, made up of MPs, council leaders and business stakeholders, have been attempting to broker an agreement that would allow the football club to come to an arrangement with creditors and secure a sale to new owners. At a joint meeting with the EFL and administrators last week, the league agreed that the High Court would be asked to adjudicate on the issue of legal claims being mounted by Middlesbrough FC and Wycombe Wanderers against the Rams. The administrators contend that these claims should not be treated as football debts, which the league’s rules demand would have to be paid in full as part of any rescue package. The claims, although felt to be spurious by the administrators and their legal advisors, could run to millions of pounds if they were upheld and none of the parties currently interested in buying the club are prepared to move forward while matters are unresolved. Despite the league’s agreement last week that the issue could be put before the High Court for determination, the EFL has now issued a statement saying that the claims must be treated as if they are football debts and cannot be crammed down as part of a restructuring plan to exit administration. At a meeting to consider the latest developments, Team Derby concluded: “We are fast losing confidence in the process and are struggling to see how actions are matching the rhetoric of trying to save DCFC. “Team Derby feels that the EFL’s change of position is disheartening and leaves them increasingly concerned about the future of the club and they are now demanding an urgent joint meeting with EFL representatives and the administrators and will seek separate discussions with Government through Sports Minister Nigel Huddlestone. “Parliament has already called for all parties to show pragmatism in finding a solution to ensure Derby County’s survival. So far, we have seen little evidence of this from the EFL. “Team Derby members are concerned that another week has gone by, and we are no nearer to a solution. The situation becomes more and more perilous by the minute. “The EFL has repeatedly said that it does not want to see Derby County fold. Now it is time for their actions to match their words.”

Robot Xchange puts fizz into processes for Coca Cola as client base and headcount soars

Nottingham-based robotic automation specialist, The Robot Exchange, has announced the completion of a major discovery project with soft drinks giant Coca Cola HBC. In the last year, The Robot Exchange has seen a 10 times increase in clients and a headcount rise of 15 becoming a major supplier of robotic process automation (RPA) to the UK and Irish markets as customers seek greater efficiencies in their processes and seek to reduce wastage of resource and time. The project with Coca Cola HBC saw the expanding The Robot Exchange team create a full RPA transformation roadmap for the business as part of their plans to scale up RPA digital transformation. After reviewing existing workflow and repetitive and human intensive processes, the team worked with Coca Cola HBC’s internal business leaders and process owner SMEs within the group to talk about which processes were frustrating, causing issues or were unnecessarily time consuming. Andy Wallace, CEO at The Robot Exchange, said: “Working with such a globally recognised brand and business has been hugely rewarding and a testimony to the quality of service that we can provide. “I am very proud of the work the team has done in terms of documenting processes in terms of maps, sizing and checklists and identifying the best areas for automation suitability. “We have also been able to assess the current human time and costs for our client and as a result, we have identified opportunities to improve efficiency by allocating resources in the best possible way whilst providing a clear view on the return on investment by moving to automation.”

ALB Group helps Tiger Community Hub roar onto high street

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Retro gaming, beginners’ yoga and arts and crafts are just some of the activities being brought by a community initiative to a high street currently undergoing regeneration. Tiger Community Enterprise CIC is the latest tenant to move into Nottingham’s Lister Gate. They have moved to a unit owned by property developer ALB Group, which previously revealed ambitious plans to revitalise Lister Gate and nearby Bridlesmith Gate, having acquired 14 commercial properties in the area. As well as offering community activities, there will also be a shop and cafe at the unit, which was a former bank and most recently used as a window display. Tiger was established in 2013, to support enterprise and to help individuals and organisations to grow, sharing skills and building confidence. It has led projects including making and distributing scrubs and face masks to hospitals and care homes during the pandemic, and it is currently working on reusable sanitary wear and sewing drainage bags, which are discrete bags that carry surgical drains. It had to move from its previous base at 38 Carrington Street Urban Room, which is now a pop-up concept. Tiger leaders have spent the past three months with their belongings in storage, waiting for the ideal space to become available. Toni Jarvis, Tiger’s project leader, said: “We wanted something in the city centre that was going to be big enough to do all the things we want to do. We also want people to be able to access us by train, tram, bus, or car, and where Lister Gate is is really central to all these things. “We will drive our own traffic in by doing activities, but it’s also going to be great for people living in the city centre, who say there are very little community activities to do, while also being accessible across the wider county.” As well as selling creations made by volunteers in the shop, the cafe will also be a space for ‘social eating’, with regular cooking workshops and opportunities for people to eat as a community. There will also be work experience opportunities, particularly for people with learning difficulties. The Nottinghamshire Federation of the Women’s Institute have already been involved in making the shop window display. Toni added: “It’s nice to be revitalising Lister Gate. So many people are disappointed with it down there. We are hoping that lots of people come down to do activities with us.” She praised ALB and agents FHP for the swift exchange, saying: “They have been fabulous. We were really struggling to get a decision on a previous property, with a different landlord, and when this one became vacant they moved pretty quickly. We can’t wait to get our team of Tigers back together.” Toni said she was hopeful that Tiger will qualify for community discounted business rates. Arran Bailey, Managing Director of Nottingham-based ALB Group, welcomed Tiger, but said: “It is currently a very difficult time to find tenants for Lister Gate with the half-demolished Broadmarsh Shopping Centre and the high rateable values on the street. “The location is good for these sorts of tenants as they are able to achieve lower business rates than others. “The council should be offering free or lower rates in the area to encourage business to move down there while the works continue at Broadmarsh or the properties on the street to be revalued as soon as possible, due to the decline of the area. “As an example we have let the unit at 14 percent of the rateable value of the property which quite clearly shows how incorrect the rateable values are in Nottingham City Centre.” Oliver Marshall, associate director with FHP, said: “It’s great to see a community-focused operation making the most of the opportunities available on the high street, bringing life into Lister Gate. “Lister Gate is going through a period of change with the proposed redevelopment of the Broadmarsh, but FHP are working with landlords like ALB to bring new tenants into the city. “It has been a breath of fresh air working with ALB to secure this deal with Tiger. ALB are quick to agree a deal and realistic with their expectations on rental prices they will achieve. “This follows other successful deals for ALB including 32 Lister Gate to Hatchet Harry’s and the recent exchange of contracts at 2-4 Albert Street nearby.” It is hoped that the Tiger Community Hub will be fully open by April 1.

The Midlands was the UK’s busiest region for deal making outside of London and the South East in 2021

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A positive upturn in deal making has been recorded for the Midlands in 2021, with an 18% increase in deal volume – from 859 in 2020 up to 1,013 last year – with the market appearing to have largely recovered from the impact of the global pandemic.
That’s according to Experian’s United Kingdom and Republic of Ireland M&A Review. Value figures climbed to the highest they have been since 2012, with a total of £21.5bn. Small deals were up by 20% from 2020 to 150 announced for the year. The mid-market remained relatively static year on year, with 83 deals compared to 82 in 2020, but large and mega deals made an impressive return – large deals were up by 50% year on year and there were five deals with a consideration greater than £1bn in 2021, whereas no deals of this size were announced in 2020. Acquisitions were again the most popular deal type in the Midlands, with a total of 707 transactions worth £7.2bn, a 28% and 75% increase in volume and value respectively. A relatively new deal trend in the region saw employee buy-out groups complete 12 acquisitions over the year for a total value of £31m – up from just three announced in 2020. The Midlands was the UK’s busiest region for deal making outside of London and the South East, with an involvement in 14.7% of all UK deals.
The final quarter of 2021 brought an additional two transactions to the top ten list. First, Triton’s £1.3bn buy-out of Burton on Trent-based pharmaceuticals group Clinigen – an improved offer after Triton’s original £1.2bn bid was sweetened to win the support of initially reticent shareholders. Then, European asset management group Aurelius completed the acquisition of Coventry firm McKesson UK from US healthcare company McKesson Corp, for an enterprise value of £477m – Aurelius’ biggest ever acquisition. The largest transaction in the region by a long way remains US motion and control technologies business Parker Hannifin’s £6.3bn acquisition of Meggitt, the Midlands engineering firm that designs and manufactures systems and components for the aerospace, defence and electronics markets. The mega deal is due to complete sometime in Q3 2022. Elsewhere, the region’s largest ever IPO was completed in January, when iconic boots brand Dr Martens commenced trading on the Main Market of the London Stock Exchange, raising £1.3bn for private equity owner Permira, which sold down part of its stake.
Deal volume was up year on year across the majority of sectors in the region. Manufacturing is traditionally the most active industry in the Midlands M&A market and remained at the top of the list in 2021 with a total of 302 transactions, up by 30% from the 231 announced in 2020. Wholesale and retail was the region’s second most active industry with 245 deals, up 27% year on year. Elsewhere, despite being less active than the likes of manufacturing or wholesale, the real estate sector is usually quite prominent in the Midlands’ M&A market. However, only 40 qualifying transactions were recorded in 2021, down from 56 during 2020, perhaps suggesting that the rate of recovery in the real estate segment is lagging behind other sectors as many organisations look to embrace flexible working and alternatives to the traditional office environment.
There was a definite shift in the Midlands deal landscape in 2021, with a move away from the fundraisings that characterised 2020 back towards more acquisitive transactions. The number of early stage investments was down by over 26% on a year on year basis, but this was set against a 75% increase in outright investor buy-outs and an 11% rise in the number of management buy-outs. The region’s most active capital provider was the Business Growth Fund (BGF), with 16 transactions in 2021 – up from 12 deals the previous year. Bank debt as a source of funds also saw an increase, up by 7% in volume; Maven Capital Partners was the most active source of acquisition finance in the region, with 14 deals, followed by high street bank HSBC, which supported a total of 11 transactions.
Grant Thornton was top of the Midlands financial advisers ranking with a total of 60 transactions, followed by K3 Capital with 55 and RSM assisting on 48 deals. The value table was headed by Citigroup, with Rothschild second and Morgan Stanley third. The top-ranking legal advisor for the Midlands was Gateley with a total of 73 transactions, retaining the top spot they enjoyed in 2020. Second place also remained the same with Harrison Clark Rickerbys advising on 49 transactions in 2021, while Higgs was third with 45 assists. In terms of value, Freshfields Bruckhaus Deringer was the highest-ranking advisor with £7.7bn worth of transactions, followed by Slaughter and May and Weil Gotshal & Manges.

New ‘digital high streets’ programme to boost local shopping in Long Eaton and Ilkeston

A new programme to attract shoppers back to the High Street by harnessing digital technology has been launched in Long Eaton and Ilkeston. Run in collaboration between Erewash Borough Council and social media specialists, Maybe* Tech – the partnership will kick-off with a digital health audit of businesses in Long Eaton and Ilkeston, to understand the digital skills gap in the region. One of the objectives of the programme is to help to bridge the gap between businesses, while engaging local consumers and encouraging them to shop locally. Maybe* has compiled a free online guide aimed at helping businesses in the area use social media more effectively, showing local companies how to create successful social media campaigns which engage with more customers and increase sales. The guide will also draw upon the social media success of three businesses in the area, Harper & Finch Tea Rooms & Gift Shop and HB Brows & Cosmetics in Ilkeston and Opulence Bridals in Long Eaton – all of who have been recognised by Maybe* for excelling at social media. Data within Maybe* technology shows that in the council area around 1,400 businesses use social media, all of these companies will feature on the programme. Of those businesses on social media, around 385 (or 27 per cent) are active, posting most days. Additional research conducted by Maybe* Tech suggests around 66% of consumers spend three hours per day using social media. Councillor Bryn Lewis, Lead Member for Town Centres at Erewash Borough Council, says: “We are delighted to be involved in this initiative which will give our high streets a boost across 2022 and beyond. It has been a difficult time for local traders and this will be a fantastic opportunity for businesses to utilise this digital platform to compete with some of the larger retailers. “The project includes a digital ‘health’ audit of businesses in Long Eaton and Ilkeston, to understand the digital skills gap. Maybe* will help to bridge that gap.” Polly Barnfield OBE, CEO of Maybe* Tech, said: “Initially, our partnership with Erewash Borough Council will focus on gaining an understanding of how businesses are using social media and their level of digital skills. We are committed to supporting businesses that get involved in the programme and will help them gain a better understanding of how digital can benefit them, while providing practical tips on how to use social media to drive sales and reach new customers. “High streets need infrastructure that until now has only been available for online businesses and this programme will help local businesses level the playing field,” adds Barnfield. “They need to communicate with shoppers in real-time and be able to showcase what’s available. In order to compete, High Street businesses need to up their digital game, promote their physical stores and collaborate. Our platforms help them collectively to do that and we are looking forward to working with businesses  across every high street in Ilkeston and Long Eaton.” The Maybe* platform has been developed to provide High Street businesses across all sectors, with access to social media, the tools and training to increase their customer base and drive sales. The Maybe* platform also provides practical suggestions and easy to use tools allowing organisations to connect with their audience, improve their return on investment and understand how to stay ahead of their competition.