Increasing numbers of staff want to return to the office post pandemic

More needs to be done to help staff adjust to a hybrid working environment says a Lincolnshire Managing Director, as research from the University of Leeds shows a 9% increase in staff wishing to work from the office. However just 22% report their office has been redesigned to support the new flexible working regime. Lincolnshire-based commercial interior design and fit out company APSS specialise in creating efficient workspaces to help streamline businesses. Following on from initial research in April 2021, where only 58% of staff wished to work from the office in some form (either full time or a 50/50 split), the most recent research indicates that six months on, 67% now want to have some form of office base for most of the week. “Many of our customers are telling us that working from home is having a significant impact on the culture of the business. They want to bring people back into the office as much as they can to help revitalize the company values and the collaboration that has been harder to achieve at a distance, but most importantly to bring back the office banter. “The longer people work primarily from home, the more disconnected they feel from the company they work for. This research shows, as we move further away from the initial impact of the pandemic, more people want to return to the office to keep that connection to colleagues and the business strong,” Laurence Barrass, MD for APSS said. “It doesn’t matter if you have the best-looking office in the world, if you haven’t adjusted the layout to how you are now working, it can have a detrimental impact on both your staff and the efficiency of your business. But it’s such a simple thing to fix. As an employer, you need to stop, take a step back and ask, ‘What is it that no longer works?’ “Listening to your staff is key to getting the best from your workforce. Experience has shown that we want everyone to perform and produce. Making sure the office is set up right is the way you do that. “When you know the answer to that, you can put a plan in place. This will enable your staff to be more productive and morale can quickly improve,” Laurence said. Following a survey of more than 1,000 office workers across the UK, it appears many employers are still working things out as they go, instead of taking a planned approach. “We can really see customers embracing a new way of working and seeing the positives in reorganizing their workspace to help them get the best from their work area and staff. We have spoken so much about how people still want the open plan office environment and culture to survive. Maybe not in the way it was pre-pandemic, but still in some form to provide the ability for staff to bond,” Laurence continued. “Although businesses appear to be more confident with how they will work going forward, we appreciate there is still a lot of uncertainty in the air,” said Laurence. “Understandably, businesses do not want to invest a lot of money in a temporary solution. Creating a planned approach as to how to move forward and seeing what could be improved in your office, can have long term positive effects. This includes increased staff productivity, morale and efficiency.” “It is so important to have an office that works for your business in both style and layout. There are some really easy ways to adapt your office without having to commit to a full refurbishment,” Laurence continued. “Take a step back and look at how you are now working as a team. If you’re implementing a hybrid working policy, do you now need more meeting spaces or more Zoom meeting rooms to allow for privacy when in the office? Do you need less in the way of desk space as you only have half of your staff in at any one time? “Installing glass partitions to create more meeting space can be a huge help to businesses who need to create additional privacy and it is relatively easy to do with demountable partitions. It also means if your requirements change later down the line, these can easily be relocated if needed.” With nearly 25 years of experience in office design, refurbishment and fit outs, APSS has helped businesses across the UK provide effective, inspirational and productive work environments. With a growing team of over 35 staff, experts are always on hand to help customers create the best working environment.

The British Business Bank Recovery Loan Scheme: David Marshall, Sterling Commercial Finance

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David Marshall of Sterling Commercial Finance offers fresh thoughts on the British Business Bank Recovery Loan Scheme. Six months ago, when I commented on the Recovery Loan Scheme (RLS), the article was headed in large capital letters ‘BE PATIENT’. The heading faintly amused me as it reminded me of the words on the front of The Hitchhikers Guide to the Galaxy which had ‘DON’T PANIC’ in large, friendly letters on the front cover. Between the British Business Bank and the various Lenders involved, it has taken far longer than CBILS for some Lenders to be fully operational with RLS. However, while back in April there were only eighteen accredited Lenders to the scheme, there are now over seventy. Not all of these will be relevant to the needs of all businesses. Some offer only certain products, e.g., Term Loans, Asset Finance, Invoice Finance or Overdrafts. Some are specific to certain geographies and do not operate in the East Midlands and to be fair, the British Business Bank website has helpful filters that will help you narrow your search. What is not obvious is that some Lenders are only looking to support certain transaction sizes, or to lend to businesses making a positive impact on society or the environment. Some are focused on international trade, while others are looking to support property transactions. When it comes to security, some Lenders will only finance specific business assets, others are looking for conventional security cover and there are those that will lend on a partially or unsecured basis (albeit with Personal Guarantees). What is clear is that it is going to take you some time to identify the most appropriate Lenders likely to support your business. Alternatively, you might contact a Commercial Finance Broker to do the hard yards for you. Find a broker that is authorised and regulated by the FCA, is NACFB registered, and importantly does not charge an upfront fee. At Sterling Commercial Finance Ltd we operate on a contingent basis so if we are unable to help it costs nothing. David Marshall: E: Click Here  T: 07764 512 840 David Griffiths: E: Click Here   T: 07850 188 046

Reasons why many people have turned to franchises during the pandemic

Over the years, there has been a steady global growth in franchises. Though this has eased slightly as a result of the general uncertainty in the world economy caused by the Covid pandemic, the trend continues. In the UK franchises contribute an annual £15 billion to the economy. In the past decade, franchises have increased by 46% and employ over 621,000 people. Sectors such as accountancy and fast-food restaurants are almost bywords for franchising, wherever you travel in the world, you’re likely to be confronted by that familiar “M” logo in the high street. Yet they continue to show solid growth. For example, a niche Californian operator recently opened its first restaurant in London, and now plans to expand across Europe. The educational sector may, at first sight, seem an unlikely sector for franchising until we consider how more and more English secondary schools are being transformed into independent “academies,” licensed and funded by the government. Brazil is just one country where the lucrative language school sector is increasingly dominated by franchises. In both the UK and other western countries, school closures caused by the pandemic have led to a significant rise in home tutoring, as ambitious parents fret about the possible lasting negative effects on their children’s progress. Many individual teachers who possess abundant expertise in their specialisms, and enthusiasm to pass on their knowledge, but little experience or interest in marketing and the business world, have welcomed the support given by franchisors in growing their activities and their incomes. Hospitality is a notable growth sector, most of the familiar global hotel brands are in fact based on franchises. Who hasn’t been surprised to see a familiar hotel in their locality suddenly bearing the name of a national or global brand? Name recognition, combined with coherent marketing, tends to result in an upsurge in turnover. Rising affluence and leisure in the western world are significant factors in many growth areas. More and more people spend several hours a week in their local gym or swimming pool. The support enjoyed by franchisees, along with their larger budgets, enables them to offer a wider range of services than their public competitors. In some cases, well-known athletes and sporting personalities have lent their names to such enterprises. The pandemic has led many families and individuals to acquire a pet, to provide them with much-needed comfort and solace at home during successive lockdowns. Though most Brits probably still turn to their local kennels when they need to board their beloved pooch or moggy, there has been a remarkable growth in businesses offering such services as pet-sitting, grooming, “luxury hotels” for pets, and “living portraits.” We live in an ageing population. While senior citizens still tend to be looked after by their families elsewhere, their welfare is increasingly put in the hands of professional caring establishments in the west. With national and local governments unable to cope with the demand, franchising plays a growing role in this sector, and in hospital provision. Franchising is also seeing significant growth in the developing world and in emerging markets. As home markets may approach saturation point, ambitious operators will cast their eyes towards virgin territory. Eighty percent of the world’s population live in countries regarded as emerging markets. The US Department of Commerce estimates that, as growth stagnates in the developed world, these regions are likely to account for 75 percent of the growth in global trade over the next two decades. Franchisors must expect to face different challenges there. They need to consider carefully whether they are able and willing to tackle them. It’s been said that “franchising only works when franchisors get wealthy by helping their franchisees get wealthy.” In other words, the rewards and risks are mutual. Success isn’t a zero-sum game; everyone benefits. So what kind of person is likely to succeed as a franchisee? They should start by asking themselves certain key questions. Firstly, am I being true to myself? Do I know my own strengths and weaknesses? And do I know those of the sector in which I plan to operate? Is it still on the rise or has it already passed its zenith? Am I willing to take advice however unwelcome this may be? Is a franchise really the best way for me to operate in this sector? Provided they can give themselves clear-eyed answers to such questions, franchising can lead to abundant rewards.

Nottingham accounts administrator completes five fundraising challenges

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A Nottingham accounts administrator has successfully completed a series of five fundraising challenges to raise money for Tommy’s, the pregnancy and baby loss charity. Over two months, Andrea completed three half marathons, a Tough Mudder and her first triathlon and raised £800 for the charity. Previously postponed due to the pandemic, Andrea began her challenge at the beginning of August by completing the London Landmarks Half Marathon. She then went on to tackle the 10-mile Tough Mudder event 2 weeks later with colleagues from The RU Group. The third challenge was Andrea’s first ever triathlon at the Huub National Triathlon relay; consisting of a 500m open water swim, a 15km bike ride and a 5km run. In September, Andrea put her running shoes back on and successfully completed both the Great North Run in Newcastle and the Robin Hood Half marathon in Nottingham. From a target of £350, Andrea raised an impressive £800 for Tommy’s; the baby charity which funds research into miscarriage, premature birth, stillbirth and provides trusted pregnancy advice for parents. Commenting on her fundraising challenges, Andrea said: “Running kept me going through lockdown, so I decided to take on these challenges and raise some money at the same time. “I chose Tommys’ as I believe the work that they do is invaluable to parents to be and research into these heart-breaking issues is so important. Although I have no further activities planned at the moment, I’m sure there will be some coming up next year!” The RU Group is fully behind Andrea’s charitable efforts. The company encourages its employees to undertake their own campaigns for their chosen causes and supports them along their fundraising journeys. Head of financial planning and marketing, Ian Browne, said: “It’s always great to hear news of our staff taking on fundraising activities outside of work to raise money for such worthy causes. Everyone at The RU Group is extremely proud of Andrea’s inspiring efforts over the last 2 months and we look forward to supporting her in the next challenge!”

Developer adds £12m new home scheme to Lincolnshire portfolio

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A developer has revealed plans for the second in a series of new housebuilding projects it will deliver in Lincolnshire. E5 Living UK will build 39 bungalows in a £12m scheme in Marton between Gainsborough and Lincoln. The homes at Stow Park Road — provisionally named Marton Meadows —include 31 high specification two to four-bedroom single storey properties with eight affordable housing units. Work is expected to start in early 2022. Marton Meadows will be E5’s second house building venture in Lincolnshire to date. It is currently heading into phase two of King’s Park in Grimsby, a new community of nearly 100 new homes with retail units next to the Diana, Princess of Wales Memorial Hospital. E5 has also secured land in Market Rasen where it is proposing more than 70 bungalows and has further plans for an additional site in Market Rasen and one in Caistor. The Marton homes are being designed by Lincolnshire-based architects Hodsons and will address the lack of single storey homes in the area, said E5 Director Kevin Stevens. “There is a nationwide shortage of bungalows,” he explained. “We know from our experience in Grimsby that demand for bungalows far outweighs the availability and we’re going some way to redressing the balance with our Marton Meadows development. “We have worked with Hodsons on King’s Park and together we bring a fresh approach to single storey living. Bungalows offer great scope for all kinds of house buyers — from young families to downsizers — and our designs reflect the preference for open plan contemporary homes.”

Work gets underway on Gedling’s largest modular housing scheme

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A new development of 131 factory-built affordable homes – one of the largest of its kind in Nottinghamshire – is now underway following planning permission being granted by Gedling Borough Council. ilke Homes, a modular housing firm who recently raised £60 million in a fundraise from a mix of public and private sector investors, is manufacturing the homes offsite for Jigsaw Homes, who will eventually own and operate the scheme. The homes will be manufactured at ilke Homes’ 250,000 sq ft factory in Knaresborough, North Yorkshire, before being delivered to Rolleston Drive. The latest milestone follows news that in October 2020, ilke Homes was chosen by Nottinghamshire County Council to regenerate the nine-acre brownfield site following a competitive tender process. The Homes England-backed scheme will deliver 45 two-bedroom homes, 73 three-bedroom homes and 13 four-bedroom homes – all of which will made available for either shared ownership or affordable rent. The new development is one of the largest modular schemes to be funded through the Affordable Homes Programme by the Government’s housing agency. It is Jigsaw’s first foray into delivering factory-built houses as part of its sustainability strategy and plans to reach net zero carbon by 2050. A number of the homes could also be fitted with a mix of photovoltaic (PV) panels and Air Source Heat Pumps to maximise energy efficiency. The homes will be constructed in phases consisting of 15 properties at a time and transported to site. The first homes are expected to be in place, tested and handed over in May 2022 with all 131 homes ready by summer 2023. Garnet Fazackerley, operations director of development at Jigsaw Homes Group, said: “This is an incredibly exciting project and one that will potentially change the way we look at development in the future. “Not only will these homes be affordable and meet the local housing need but are beautifully built as well as being sustainable. We are proud to be working with ilke Homes and Homes England to bring innovative housing to Gedling.” Tom Heathcote, executive director of development at ilke Homes, said: “This new scheme is breathing life into a brownfield site that has laid derelict for over six years, so it’s really great to see work beginning on site. “As one of the country’s most forward-thinking housing associations, Jigsaw Homes Group shares our ambition of ensuring that the homes delivered are some of the country’s most sustainable and energy efficient. “Since securing the site just over a year ago, our Midlands team have worked closely with both Nottinghamshire County Council and Gedling Borough Council to ensure the development will deliver not only best value, but also a well-designed sustainable development all stakeholders will be proud of.” Dilys Jones, assistant director of affordable housing growth at Homes England, said: “This is one of the largest fully volumetric sites we’ve funded through the government’s Affordable Homes Programme via Continuous Market Engagement. It’s an excellent example of how this funding can be accessed and used to facilitate ambitious MMC led schemes that deliver affordable housing at scale.” Deputy leader for Gedling Borough Council, Councillor Michael Payne, said: “I’m very pleased to see work beginning at the Rolleston Drive site. This development will breathe much needed new life to this unused brownfield site, a site which had been an eyesore for local residents for a very long time. “One of our main priorities is to redevelop vacant or underused sites to create affordable homes and provide much needed new homes to boost the local economy. We will work together with our local housing providers to bring this development together to offer high quality, energy efficient and affordable housing for our residents and I look forward to seeing the works as they progress.”

Green light for new creative workspace on Grimsby docks

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Plans have been approved for a brand-new workspace which will be created on Grimsby docks for a mixture of artists and creative entrepreneurs. World renowned conservation architects and historic buildings consultants, Donald Insall Associates, were appointed last year to develop plans to create the new workspace, and a planning application was submitted earlier this year to redevelop a number of buildings in the Fish Dock area of Grimsby as part of the Grimsby Creates programme. Work will now move forward on the first phase of the project – initially to regenerate three central buildings back into use, and create a new space for creative individuals and businesses, which will incorporate studio space as well as a communal space for collaboration, networking, and art installations. The first stage of this development will be to do some initial works ahead of the winter period to secure the buildings from water ingress. Following this, a tender for the redevelopment will be released and it’s expected that the main construction work will take place from mid-2022 onwards. The Council will also be seeking an organisation to take on the day-to-day operation of the workspace once it has been completed. Should further funding be secured, additional buildings already identified in the planning application may be developed in the future. Cllr Callum Procter, Cabinet member for economic growth, said: “This is a really important project for Grimsby, bringing together the creative activity that’s been happening along with development of a unique affordable space for businesses and creatives to grow. I look forward to watching the space develop in the coming year.” The buildings in question have had a long history associated with the port – from being occupied by a bank to being home to carpenters, sail printers, basket makers, engineers and boiler makers and of course fish handling companies. Some of the buildings also had to be re-built after suffering bomb damage in the Second World War. Other buildings have associations with long-standing Grimsby employers, including Edwin Bacon, Ross and Youngs. And many sailors will have heard “Sailor Radio” on their travels, transmitted from one of the buildings in years past. The project aims to provide a culture-led regeneration project in the historic ‘Kasbah’ area of the Port of Grimsby as part of the wider Great Grimsby Heritage Action Zone. The Department for Digital, Culture, Media and Sport funds the Cultural Development Fund which is administered by Arts Council England.

Leicestershire sustainable cycling apparel business to create 7 jobs following £500,000 funding package

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A Hinckley-headquartered cycling apparel manufacturer has secured a £500,000 investment to fuel expansion and strengthen its position in global markets. Velobici Ltd secured the funding from the Midlands Engine Investment Fund (MEIF) – managed by The FSE Group Debt Finance Fund and backed by the Coronavirus Business Interruption Loan Scheme (CBILS). The company will use the funds to bolster its workforce over the next three years, creating seven full time jobs, six dedicated to the manufacturing side of the business and a new finance employee. Velobici manufactures and distributes high-end cycling apparel and accessories. It uses sustainably sourced fabrics and has an adaptable manufacturing strategy that helps limit excess production. The funding will also enable the company to increase stock levels to help meet demand from both UK and export markets. Velobici is also planning to move to larger premises, which will increase production capacity and allow the company to grow its distribution channels overseas. Alongside the larger premises, a new range of cycling apparel is being developed for Spring 2022. Chris Puttnam, founder and director of Velobici, said: “Being a keen amateur cyclist myself, I understand the importance of having the correct, high-performance cycling apparel. COVID-19 affected supply chains across the manufacturing sector, but with lockdown restrictions easing, the situation is greatly improving, enabling us to get back to ‘business as usual’, albeit with the correct safety measures in place. “This funding has not only enabled us to maintain our workforce, but we are now back to full manufacturing strength, fulfilling current orders and scheduling new ones. We take great pride in attention to detail and all our roadwear garments are manufactured by our own master craftspeople from start to finish. The imminent move to our new premises will see capacity increased to deliver a growth in sales.” Ann Marie McFadyen, investment manager at The FSE Group, which manages the MEIF Debt Finance Fund, added: “Velobici has a highly experienced leadership team, all committed to ensuring the business becomes carbon-neutral by 2025. Its respected high-quality ‘Made In England’ brand, being 100 per cent UK manufactured, is well respected and sought after, both overseas and in the UK by both current and new customers. “The sector is set to continue to expand, and it is great to see the business getting ready to move to a larger production site to fulfil the increase in orders. We look forward to joining Chris and his team at Velobici on the next stage of their journey.” Kevin Harris, chair of the Leicester and Leicestershire Enterprise Partnership, said: “Velobici is an innovative textile manufacturer whose products and designs are made right here in Leicestershire, keeping our historic heart of the UK textile industry very much alive. “I’m very pleased that they have secured this funding to enable them to expand their team and invest in the future of their business. It is essential that our local innovative and sustainable manufacturers get the support and funding they need to expand, so they can offer future jobs and opportunities for local people. This is exactly what the Midlands Engine Investment Fund was set up to do.”

Green light for 71 new energy-efficient West Bridgford homes

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Plans for 71 new homes on Abbey Road in West Bridgford have secured a unanimous Reserved Matters Approval from Rushcliffe Borough Council. The no-gas housing development will sit on the Central Works Depot site, which was previously used primarily as the Borough Council’s depot for the storage of refuse freighters, vehicle maintenance and the storage of some recyclables. Stagfield Group and Peveril Homes are behind the new scheme, which will include 21 affordable homes for Futures Housing Group. The development, which is to feature energy systems and Smart living technology to assist homeowners to control their lifestyle and energy consumption, is estimated to deliver in excess of 50% CO2 reduction compared to building regulations, which is significantly higher than the enhanced standard target of 19% CO2 reduction for the scheme. A supporting statement accompanying the submission said: “The design and layout is sympathetic to the existing locality yet creates a contemporary and high-quality new urban environment which encourages walking and cycling to local facilities.”

Miller Knight acquires headquarter building at Mansfield business park

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FHP Property Consultants, on behalf of retained clients, have completed on the sale of 2A Sherwood Oaks Business Park in Mansfield to Miller Knight Resource Management Ltd. The company, who also acquired the adjacent 2B property through FHP, have now secured a substantial 6,200 sq ft headquarter office building to expand their operations. The property provides quality office accommodation over two floors, with the benefit of air conditioning and good levels of on-site car parking and several amenities in walking distance including the Golden Eagle public house, an ALDI supermarket and McDonald’s restaurant. Thomas Szymkiw, of FHP’s Office Agency Department, said: “Miller Knight were keen to acquire this building for obvious reasons having already purchased the building next door previously through myself. “I am therefore pleased that they have managed to secure the space required to expand their office operations on the same site – and wish them the very best of luck for the future.”

Derby manufacturer expands into neighbouring property

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Tidyco, a producer of hose assemblies for the rail industry, has acquired an adjacent unit to house the expansion of its overhaul and refurbishment department. In order to make the building fit for purpose, renovations have started with an official opening scheduled in November. At the beginning of the year, the decision was made to acquire the adjacent space (Unit 6) of Tidyco’s existing location once the rental lease of the previous business was due to come to an end. The purpose of this is to house the firm’s expansion of its overhaul and refurbishment of rolling stock components, which is managed and operated by the Tidyco Rail Division. Rail Division Director, Paul Jacks, said: “Over the past few years we have worked tirelessly towards establishing an overhaul and refurb department within the rail division. We are starting to see our efforts pay off, which is why we needed to consider extending our premises. When we found out about the lease for the adjoining unit, it made perfect sense to move into there.” James Tidy, Managing Director, said: “This really is a testament to the relentless determination of the rail division despite the incredibly difficult times brought about by the pandemic. I am immensely proud and optimistic of what they’ve achieved. This is a really exciting time for Tidyco.”

Smaller firms responsible for half of all UK greenhouse gas emissions from businesses

The British Business Bank has revealed that, based on its estimates, smaller businesses account for almost a third (30%) of all current UK greenhouse gas emissions (including emissions from households, industry and government) and around half (50%) of total emissions from UK businesses. Its latest research report, Smaller businesses and the transition to net zero, highlights the potential collective influence of UK smaller businesses and the considerable contribution they could make to wider net zero objectives if they all made changes to reduce their carbon footprint. The report, one of the most in-depth so far in this under-explored part of the market, incorporates results from fresh data via a bespoke, nationally representative survey of 1,200 smaller businesses, and analysis of public data sources. Over three in four businesses (76%) are yet to implement comprehensive decarbonisation strategies, capabilities and actions, according to Bank estimates. One example of this is that just 3% of smaller businesses surveyed say they have measured their carbon footprint in the past five years and subsequently set an emissions reduction target. The early stages of transition There is limited proactivity from businesses to improve their own knowledge and capability, for example, with more than half (56%) in the survey saying they have taken no actions to change this. However, when asked about physical actions, it is encouraging to see that the vast majority (94%) say they have taken at least one action to reduce their emissions, though they tended to be low-effort ones, such as installing a smart meter. Overall, the most common motive for taking action, mentioned by just over half (51%) of businesses, was that it ‘made financial sense’, speaking to the need to align net zero and financial objectives for businesses in the transition. The data reveals around half (52%) of smaller UK businesses fall within the ‘Carbon Complacent’ or ‘Carbon Exposed’ personas established by the Bank based on business characteristics, emissions intensity, actions and attitudes. Businesses falling under these personas are reactive or simply disengaged in their attitudes to cutting emissions and have ‘low carbon transition maturity’. Awareness is mixed and attitudes split More than half (57%) of smaller businesses have heard a lot, or a fair amount, about the government’s commitment to reach ‘net zero’ emissions by 2050, and the implications of climate change for their businesses (56%), establishing a strong base for further transition. However, while nearly half (47%) of smaller businesses state reducing carbon emissions or environmental impacts is a high or very high priority over the next two years, 53% indicate they are not yet ready to prioritise decarbonisation. This split in attitudes demonstrates the need to raise awareness, balance the knowledge gap and ultimately help facilitate change. Barriers are multiple, complex and business specific   The research found that smaller businesses identified more than twenty barriers preventing action on net zero, demonstrating the complexity in addressing the issues on a wide scale and the need for tailored approaches. Some common themes have emerged, however – more than a third (35%) of smaller businesses cited costs as a barrier for reducing carbon emissions, particularly upfront capital costs (21%), followed by feasibility (32%), such as lack of control due to tenancy agreements or lack of an appropriate technology. Over one in ten (12%) said that lack of information was preventing them from action. Finance as an enabler to net zero transition So far, 11% of the smaller business population – equating to around 700,000 businesses in the UK – have accessed external finance, in the form of loans or equity, to support net zero actions. Looking forward, 22% of the UK smaller business population (equivalent to around 1.3 million businesses) – say they are prepared to access external finance to support net zero actions in the next five years. Catherine Lewis La Torre, CEO, British Business Bank, said: “Smaller businesses will generally have lower individual carbon footprints than their larger counterparts, but by broadening their vision and committing to action they can collectively produce a significant overall impact. “Action to mitigate the impacts of climate change is at tipping point, and it is crucial for smaller business owners to feel empowered, informed and supported in making the relevant steps to decarbonising their business if the UK is going to meet its wider net zero objectives by 2050. “More than half of smaller businesses say they’re not ready to prioritise decarbonisation, so clearly more needs to be done. “The Bank continues to strive to bridge the knowledge gap and work with its partners to improve smaller businesses’ access to the right finance to help them transition to net zero. We hope this report encourages business owners to review their business model, consider where changes can be made and to make the necessary investments to secure a sustainable future for their businesses.”

East Midlands commercial vehicle company secures £7.5m for fleet expansion

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An East Midlands commercial vehicle rental company has secured a £7.5m asset finance loan from HSBC UK to help purchase a new fleet of 200 trucks, as demand for vehicles in the supply chain soars. The investment will create 20 full-time jobs across the East Midlands. With operating depots in Leicester, Loughborough and Nottingham, Alltruck provides contract hire and rental vehicle services to over 250 SMEs across the UK. The company has used the funding to increase its fleet of commercial vehicles – which ranges from 3.5 tonne vans to 44 tonne tractor units – from 2,000 to 2,200 to help meet an increase in demand from its customers. As part of the company’s ‘Journey to Zero’ initiative, the new investment includes 10 fully-electric vans which will enable Alltruck and its customers to become more eco-friendly. As well as creating 20 new jobs, the company hopes its expanded vehicle capacity will increase annual turnover by 10 per cent. Paul Robinson, Managing Director of Alltruck, said: “We pride ourselves on having the trucks our customers need, when they need it – and it’s crucial we continue to support customers during this period of sustained pressure facing UK supply chains.” Simon Woods, relationship director East Midlands corporate banking, HSBC UK, said: “This deal gives Alltruck the funding to realise its own growth ambitions, which include becoming more eco-friendly as well as playing an important role in boosting supply chain capacity. We were pleased to support Paul and the team and look forward to working with them closely as they continue to grow the business.”

Capital One submits plans for roof terrace at Nottingham HQ

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Plans from Capital One to convert the existing flat roof areas of its HQ at Trent House, on Station Street, have been submitted to Nottingham City Council. The credit card provider wants to create a new roof terrace space for employees as it looks to “introduce high quality external areas to supplement the internal spaces, bringing the benefits of wellbeing associated with landscaping and the outdoors,” according to a design statement. A green wall would also be incorporated and the firm is looking to complete remodelling internally to provide conference space. The project aims to provide: • New open air hospitality/events areas on existing rooftop areas • Covered events terrace area at main roof level, with extension of terrace areas to high-level plant deck roof • Maximisation of green walls and planting • Provision of new vertical access through the existing building, via new stair and platform lift from Level 02 accommodation • A dedicated conference suite at the existing Level 02 Mezzanine level, with improved vertical access

Business insolvencies at highest level since January 2020

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The economic effects of the pandemic continue to impact heavily on local businesses as latest Government insolvency statistics highlight an increase in corporate insolvencies to their highest level since January 2020. Monthly research by the Insolvency Service shows that the number of insolvent businesses in England and Wales increased by 7.2% in September to a total of 1,446, which is 55.8% higher than September 2020’s figure of 928 and approaching the pre-pandemic statistic of 1,515 for January of last year. According to the Midlands branch of insolvency and restructuring body R3, the dramatic increase in corporate insolvencies compared to this time last year illustrates just how crucial the Government’s support has been in keeping businesses afloat and suggests that there may be a rocky road ahead for many now it has ended. R3 Midlands Chair Eddie Williams, a partner at PwC in the East Midlands, said: “The monthly rise in corporate insolvencies was driven by Creditors’ Voluntary Liquidations, which have increased for the third consecutive month. Directors may be closing their businesses after deeming financial survival unlikely after 18 months of struggling through a pandemic. “Despite the fact that businesses have benefitted from two months of restriction-free trading and the economic boost over the summer, conditions are still not back to where they were before Covid-19. “Consumers are now more cautious about the state of the economy and the growing cost of living and are more wary about spending their money. With widespread supply chain disruption and significant wholesale energy price increases building up between September and October, there is likely to be little slack for vulnerable businesses. “For those companies continuing to struggle, the sooner advice is sought from a qualified and reputable source, the more potential there is for a solution.”

Record growth continues at Boyds with expansion for Product Development team

Leading pharmaceutical and biotech product development consultancy Boyds has added two experienced product development experts to its team, amid growing demand for its specialist Product Development services from biotech and spinout businesses in the UK, Europe and the US. Diane Shattock Ph.D., joins as Director of Product Development and Ian Hollingsworth M.Sc., as Associate Director of Product Development. Both are working alongside Boyds’ Vice President of Product Development, Nick Meyers Ph.D. The hires are central to Boyds’ planned expansion of the Product Development team and its clear strategy of expansion into the US, specifically of its programme management and product development support to US-based clients via its expertise, support and guidance throughout the life-cycle of medicine development activities, from early-stage discovery to commercialisation. Diane and Ian are the latest of 18 new starters since March, when Boyds embarked upon its current expansion. The consultancy has created the new roles to further enhance its expertise and also expand the business, in response to a 25% surge in turnover and sustained growth in demand for its services across the UK, Europe and the US. The Product Development team works collaboratively with Boyds’ in-house regulatory affairs, clinical operations and medical teams to support clients from the earliest stages of drug development, through clinical trials towards product approval and launch, working closely with regulators in the UK, European and US. With over 19 years’ experience in clinical drug development, Dr. Shattock is a Project Management Professional (PMP)-qualified programme director and before joining Boyds, was Project Lead at Freeline for its lead gene therapy programme in Fabry Disease, and Project Manager on its Haemophilia B programme. Diane has a wealth of programme management experience from her work across many therapeutic areas and all phases of drug development, including as Global Project Manager at Takeda and leading a collaborative Phase I-stage programme for an antibody therapy in Rheumatoid Arthritis for Eisai and Morphotek. Ian Hollingsworth is PMP qualified, and has over 20 years of experience in the pharmaceutical and biotech industries. His career began as a research chemist at AstraZeneca before his move into project managing early-stage programmes. Ian has managed projects in production facilities as well as transnational drug development programmes, and most recently the UK initiative to establish Advanced Therapy Treatment Centres (ATTC) across the NHS. Following their appointments, Boyds’ Nick Meyers said: “I am delighted that Diane and Ian have joined the group. As well as their scientific expertise, they bring a wealth of development and programme management experience from previous R&D roles across the sector, and importantly, provide us with a significantly increased capacity to support our clients and their programmes.” Professor Alan Boyd, who founded the consultancy in 2005, adds: “Boyds is committed to supporting the development of medicines for patient benefit. “The number of companies approaching us for support and guidance with taking their idea through the discovery and development pathway, has grown again this year, and in particular there has been significant surge in the number of biotech’s and spinouts seeking our expertise. Not only do we have the experts to deliver the relevant support and guidance to companies that don’t have the expertise or resource in-house with which to take their idea through the pathway from discovery to commercialisation, but we may also be able to help save them time and money, particularly when involved from an early stage.” Last month (September) Boyds opened a US office in Pennsylvania, which is headed by Katy Rudnick, Vice President and Head of US Regulatory Affairs. Since Boyds was established, the company has worked with companies across the globe to help them translate their ideas into medicines for the benefit of patients. The company’s global reputation for its work in advanced therapies has led to a steady increase in the number of companies approaching Boyds for this expertise, with over 60% of the company’s client base now in the US.

Newly published business book supports Uganda charity

Nottinghamshire businesswoman Louise Third is using the publication of her new book ‘PR ON A BEERMAT’ to support a charity working in the Teso region of northeast Uganda. She will donate £1 of every book sold to give assistance to the Teso Development Trust (TDT) in its relief and development activities. PR ON A BEERMAT is a guide to public relations aimed at freelancers, entrepreneurs, and owner-managers of growing businesses. The author draws from over 30 years as a business adviser and PR consultant. “I decided it was time to capture in print the advice I share through my mentoring and online workshops,” she says. “Everyone can do PR. It’s simple once you understand the basics, but it must be done well.” Louise has worked closely with Mike Southon and Chris West, authors of The Beermat Entrepreneur (Pearson 2018). Chris comments: “Louise’s book is the perfect lesson plan for every small outfit seeking to get heard amid all the noise out there. It should be part of the desk-top clutter of any office; pick it up, scribble in the margins, have a go.” Central to the book are the stories of smaller firms who use publicity to get noticed. Firms such as TEA REX teas, outdoor clothing company Alpkit, Tuneless Choir, retailer The Bottle Top and Lindhurst Engineering. Journalists from The Daily Express, The Times, the Daily Mail, and city paper Nottingham Post guide the reader about how to work with the media. Given the increasing importance of online publicity, Louise drew on the expertise of the multi-award-winning digital marketing company, Hallam. Tom Bestwick, Hallam’s Content Marketing & PR Consultant, says: “PR has changed significantly over the last few years and its importance to organic growth and visibility on search engines, like Google, has only increased. There’s a big opportunity right now for savvy small businesses and entrepreneurs when it comes to standing out digitally. I can’t thank Louise enough for giving me the opportunity to support her with the writing of PR ON A BEERMAT. I hope our readers will take some fundamental golden PR-shaped nuggets away that will help them, their business or venture, thrive online.” Louise adds: “We have created a new website www.pronabeermat.co.uk to gather stories, comments and ideas from readers who are experimenting with PR. I want to hear from anyone whose experience we can share, or who might like to be interviewed for our podcasts. Seeing the lessons from the book come to life through thriving small businesses will make all our work worthwhile.” Chris West will host an online webinar between 6 pm – 7 pm on Wednesday 10th November with Louise and guests who appear in the book. They will chat about how they have used PR in their companies and will answer audience questions.

Robinson wins ‘Best Custom Packaging Solutions Provider’ at Midlands Enterprise Awards

Robinson – the manufacturer specialising in value-added custom packaging – has been named ‘Best Custom Packaging Solutions Provider’ at the 2021 Midlands Enterprise Awards.

 

Now running for four consecutive years, the Midlands Enterprise programme is created to acknowledge and award those SMEs of all different sizes covering a range of businesses and industries that are based within the Midlands. The region is often described as the beating heart of the British industry and is a strong force in opening new avenues and business opportunities to most SMEs.

 

Dr Helene Roberts, CEO at Robinson, says: “We are thrilled to be named Best Custom Packaging Solutions Provider. With nearly 200 years within the industry, we have a wealth of knowledge and expertise to provide our customers with customised solutions that meet their packaging needs.

 

Roberts continues: “Being an independent business, it gives us the advantage of being highly adaptive and flexible, our in-house team can help develop sustainable packaging formats, introduce innovative features and designs, or refine functionality, to make sure our customers meet their goals.”

 

The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity and hard work, distinguishing them from their competitors and proving them worthy of recognition.

 

Awards Coordinator Dean Taylor commented: “I am incredibly proud of all of the winners this year and would like to congratulate them on achieving so much. It has been a pleasure managing this programme and I wish all the winners the best of luck for their future endeavours!”

Silverstone’s Carbon Component Solutions acquires plastic manufacturer

Carbon Component Solutions, a composite component manufacturer situated in Silverstone, has acquired Arnold Engineering Plastics. Arnold Engineering Plastics, a well-established manufacturing business based in Northampton, was previously owner managed by the Larkins family, who shared a long-standing relationship with Carbon Component Solutions. The firm has specialised in plastic manufacturing for 50 years and the acquisition has enabled Carbon Component Solutions to expand the manufacturing services and goods available to its clients. Co-owner and director of Carbon Component Solutions, Bryn Noon, said: “Purchasing Arnold Engineering Plastics is an exciting opportunity to expand our business and manufacturing capabilities. We have had a strong relationship with AEP for some time and we’re now excited to work alongside Peter Larkins to integrate the two businesses together into Carbon Component Solutions’ wider services.” Co-owner and director of Carbon Component Solutions, Scott Noon, said: “We are looking forward to being able to provide our clients and customers with a greater range of services which was one of the driving forces for us doing this transaction. We couldn’t have done the deal without our team of advisors, Howes Percival and CED Accountancy Services, who provided clear guidance throughout and their combined project management got the deal over the line.” Howes Percival’s team comprised Matt Thompson and Matt Mayes (Corporate), Graham Irons and Sobia Ahmad (Employment), Rob Starr (Regulatory) and Owen Franks (Commercial Property).

Duo of tools and building materials businesses open at new £30m mixed-use development

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Two UK-wide tools and building materials businesses have opened their doors at a new £30 million mixed-use development in Nottingham. Tool Station started trading earlier this month at Teal Park off the Colwick Loop Road in Netherfield. They have been joined this weekend by Screwfix. Howdens is due to start the fitting out of its 6,000 sq ft premises towards the end of this month. This activity marks the completion of the 33,300 sq ft trade park and a 28,860 sq ft industrial unit sold to Storage Giant which has been jointly developed by Warwickshire-based AC Lloyd Commercial and Nottingham-based based Henry Davidson Developments (HDD). The multi-million-pound development will also include another six trade units and six large employment units totalling 111,000 sq ft, a care home, a new Local Centre with four retail shops, a children’s day nursery and a pub as well as an Aldi supermarket when it is completed. Mark Edwards, Managing Director at AC Lloyd Commercial, said this was the first time he had visited Teal Park since the first national lockdown in March 2020. “It was fantastic to see all the work that has been done over the last 19 months in person – and the difference to my last visit is staggering,” he said. “There was a hive of activity with customers already visiting Tool Station and Screwfix and I’m sure there will be an equally positive response when Howdens and Storage Giant open. “Looking at photos of the trade park doesn’t do it justice and we are really pleased with the completion of the first phase of the development.” Richard Croft, director at HDD, added: “This is the first branch of Tool Station in this part of Nottingham and the steady flow of customers shows that Tool Station and Screwfix are already proving popular. “The opening of these two units will be part of an overall job creation figure of 340 full-time equivalent posts when Teal Park is finished which is good news for local job-seekers and the local economy.”