Greencore’s mission to acquire Bakkavor takes step forward with agreement in principle for £1.2bn deal

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Greencore’s mission to acquire Bakkavor takes step forward with agreement in principle for £1.2bn deal

Convenience foods manufacturer Greencore’s mission to acquire Bakkavor, the manufacturer of fresh prepared food, has taken a key step forward, with the businesses reaching an agreement in principle on the key financial terms of a possible cash and share offer.

The £1.2 billion deal bringing the companies together would create a leading UK convenience food business with a combined revenue of £4 billion.

Under the terms of the offer, Bakkavor shareholders would be entitled to receive 85 pence in cash for each Bakkavor share and 0.604 Greencore shares.

Greencore shareholders would own approximately 56% and Bakkavor shareholders would own approximately 44% of the combined group.

Following the rejection of previous bids from Greencore, which has its UK head office in Worksop, the board of Bakkavor has now indicated that the key financial terms represent a value it would be minded unanimously to recommend to Bakkavor shareholders.

Nottingham electrical insulation components manufacturer snapped up

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Nottingham electrical insulation components manufacturer snapped up
Termate, a Nottingham-based manufacturer of electrical insulation components, has been acquired by n Industries. The strategic partnership positions Termate for accelerated growth and expanded global reach. For over 80 years, Termate has established itself as a trusted provider of safety-critical electrical components, specialising in busbar supports, standoff insulators, busbar plugs, and a range of insulation and termination products. “Joining n Industries marks a significant milestone for Termate,” said Rob Swann, departing Managing Director and owner. “Their decentralised structure and commitment to supporting Termate’s excellent management team will enable them to capitalise on the company’s strong foundations to meet the increasing demand for products in key sectors. “With the global energy transition and the rapid expansion of data centres and energy storage solutions, the need for high-quality, reliable electrical insulation has never been greater. This partnership with n-industries will empower Termate to better serve their global customer base and drive innovation.” David Bristow, acting Managing Director, added: “It’s an incredible privilege and really exciting to be leading Termate into the next chapter of development and growth at a pivotal point in the company history as we join the n Industries Group. “Building on the exceptional legacy built by Rob in recent years, I have immense confidence that the strong and loyal Termate team, working together with the depth of experience at n Industries and their passion for growing small UK companies, will be able to make a real success of the opportunities that exist for Termate.” CEO of n-Industries Group, Jonathan Bates-Kawachi, said: “Termate has an outstanding reputation for excellence in designing and manufacturing electrical insulation components. The safety critical nature of Termate’s broad range of products and the excellent growth opportunities available make Termate an excellent fit within our group. “We are excited to work with David, Craig, Lucy and the excellent team at Termate to build on the impressive legacy and history of the business within the Swann Family, and under the leadership of Rob Swann over the last 18 years.”

Lincolnshire Co-op commits £8.5m to renewable energy through long-term wind power deal

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Lincolnshire Co-op has signed an £8.5 million Corporate Power Purchase Agreement (CPPA) to secure renewable energy for the next 10 years. The agreement, part of a £40 million partnership with four other co-operatives, will cover approximately 50% of the society’s emissions across 220 outlets.

The contract, beginning 1 April 2025, ensures Lincolnshire Co-op will receive 10,000 megawatt-hours of energy annually from the London Array offshore wind farm. The facility, located off the north Kent coast, is operated by German energy giant RWE and supplies 10% of the UK’s wind power.

The deal, facilitated by Inspired PLC with legal support from Shoosmiths LLP, aims to provide price stability while reducing reliance on fossil fuels. In addition, Lincolnshire Co-op has invested £2 million in solar panels for 62 sites and is upgrading refrigeration systems for greater energy efficiency.

For businesses, the move highlights the growing role of long-term renewable energy contracts in managing operational costs and sustainability commitments.

Phenna Group makes trio of acquisitions

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Phenna Group makes trio of acquisitions
Nottingham-headquartered Phenna Group, which invests in and partners with niche independent Testing, Inspection, Certification and Compliance (TICC) companies, has made a trio of acquisitions, seeing Atlantic Testing Laboratories, Great Place To Work, and the Ecology Division of Ground Control Ltd join the group. Snapping up Atlantic Testing Laboratories (ATL), a full-service engineering support firm headquartered in Canton, New York State, Phenna significantly strengthens its presence in the United States. ATL, which has 270 employees and 11 offices, will be an integral part of the firm’s Americas Region, delivering TICC expertise to roads, pavements, groundworks and utilities sectors. Eric D’Orio, Divisional MD, Americas for Phenna Group, said: “We are delighted to welcome ATL into Phenna Group. “ATL has built an outstanding reputation for excellence in engineering support services, and this partnership aligns perfectly with our strategy of investing in high-quality businesses that share our commitment to safety, integrity, and customer value. We look forward to working closely with ATL’s talented team to drive continued success.” Marijean Remington, CEO of ATL, said: “After nearly 60 years of dedication and innovation in the industry, ATL recognized the need for a strategic partner to help propel our growth and enhance the breadth of services we offer in construction materials, drilling/geotechnical, and environmental. “We are thrilled to have found that partner in the Phenna Group, whose expertise and commitment to excellence align perfectly with our vision for the future. Together, we look forward to an exciting new chapter of expanded capabilities and opportunities, continuing our legacy of delivering exceptional value to our clients.” Phenna Group were advised by RSM and Eversheds Sutherland. ATL were advised by Hancock Estabrook and The Bonadio Group. The acquisition of Great Place To Work secures a recognised and leading brand that augments Phenna’s certification and compliance division in the United Kingdom and will allow the business to generate significant cross selling opportunities across its group of companies.
Great Place To Work is the global authority on workplace culture. Backed by 30 years of data, their globally recognised Great Place To Work Certification and Best Workplaces Lists enable employers to attract and retain talent, benchmark company culture, and increase revenues. Kunle Malomo, CEO of Great Place to Work UK, said: “Selecting the right partner to support our mission and growth ambitions was a major decision for myself and co-shareholders. “Since my very first interaction, I’ve felt confident we have found an equally like-minded partner who will help us reach our vision of a great place to work for all and who also shares our people-focused values. “They have been open, honest, and transparent in all our dealings to date, which gives me high confidence that we will do great things together. We believe that the future of work is for all and to do that requires a deep, data-driven understanding of employee sentiment, experience, and engagement. “There’s a real sense of excitement about this next chapter, and I’m looking forward to what we can accomplish collectively in the future.” RSM, Eversheds Sutherland and Hill Dickinson advised Phenna Group. Benchmark International, Alvarez & Marsal and Penningtons advised Great Place to Work UK.
The acquisition of the Ecology Division of Ground Control Ltd will see the team join RammSanderson, a Phenna Group company, enhancing the company’s position as a leader in ecological and environmental consultancy. Ground Control has been a trusted provider of grounds maintenance, arboriculture, and environmental services, with its ecology division playing a key role in delivering sustainable, nature-positive solutions. By integrating this team into RammSanderson, Phenna expands the services and expertise available to clients. Stuart Abbs, Divisional MD Infrastructure Division at Phenna Group, said: “We have long enjoyed a successful working relationship with Ground Control, particularly through their provision of drilling services to our geoenvironmental businesses within the Phenna Group Infrastructure Division. “Bringing their ecology team into RammSanderson deepens our partnership and expands our collective capability to deliver first-class ecological services to our clients.” Nick Sanderson, Managing Director (East Midlands and South East England) at RammSanderson, added: “We are delighted to welcome a fantastic group of ecologists to our team. “Their expertise and experience will further enhance our service offering, allowing us to support a broader client base and extend our geographic reach. This move aligns perfectly with our mission to provide high-quality, pragmatic ecological consultancy.” Jason Knights, Managing Director of Ground Control, said: “This move represents a natural evolution for our ecology team, not a departure from our ecological services, but a strategic step forward. “Ecology remains a core part of our offering, and by our team joining forces with RammSanderson, we’re significantly expanding the depth and breadth of what we can offer to clients as well as ensure our ecology team has the best possible opportunities to grow and develop.”

£42m Leicester Square boutique hotel for sale amid growing investor demand

April Lara
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A newly converted boutique hotel in Leicester Square has been listed for £42 million, reflecting increased investor appetite for London’s luxury hospitality sector. The 2-5 Charing Cross Road property is set to open by June.

London’s high-end hotel market is expanding, with 757 new luxury rooms expected by the end of 2025—the largest annual increase since 2014. Despite rising costs, demand remains strong, with occupancy rates returning to pre-pandemic levels.

However, profitability faces pressure from rising wages and operational expenses. RSM UK warns of cost challenges ahead, but increased consumer spending could help sustain growth.

Global real estate firms Avison Young UK and JLL also market the freehold contract for 3-5 Charing Cross Road.

Three Bunkers £100k golf challenge kicks off with focus on those to benefit from support

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Three Bunkers £100k golf challenge kicks off with focus on those to benefit from support
The annual Three Bunkers golf challenge has kicked off its 2025 appeal by focusing on how funds raised will help local beneficiaries. Now in its 5th year and already having raised nearly £50k, The Three Bunkers Challenge involves 24 golfers playing 27 holes within 10 hours at courses in Derby, Leicester & Nottingham. All money raised goes to local charity Big C Little c which supports cancer research and children at risk. This year, a major beneficiary will be the Children’s Brain Tumour Research Centre (CBTRC) which is based at The University of Nottingham, conducting pioneering, internationally recognised research aimed at improving the lives of young people like James Kerry. Until 2024, eight year old James from Nottingham was leading a healthy and active lifestyle doing kick boxing and playing football. Following weeks of severe bouts of sickness and headaches, James was diagnosed with a brain tumour that had also spread to his spine. Showing incredible bravery and determination, James learned to walk again and started his own fund raising activities for CBTRC and has so far raised £32,000 from selling bracelets he makes himself and a sponsored walk around the Nottingham Forest City Ground pitch. Spurred on by his grandson’s bravery, Dave Chapman from MAF Finance Group, a previous participant in the Three Bunkers challenge, approached the Three Bunkers organisers to see if there was a way to support CBTRC. Challenge organiser Elliot Cook, from Simple Marketing Consultancy, said: “Big C Little c was founded to support cancer research and children, so it made absolute sense to nominate CBTRC as one of the beneficiaries in 2025. “We’ve committed to hold the challenge until £100,000 has been raised for Big C Little c to help them support local cancer research projects and initiatives that help young people.’’ This year’s Three Bunkers Challenge takes place on Friday 23 May 2025 and involves teams from Actons Solicitors, Fiscal Engineers, Finance for Enterprise, MAF Finance Group, Michael Reed Wealth Management, Shakespeare Martineau Solicitors, and Simple Marketing Consultancy. All money raised will be donated to the charity Big C Little c which was founded in 2019 by business entrepreneurs, Andrew Springhall and Colin Shaw, former chairman of PKF Cooper Parry, who joined forces to create a charity that would encourage East Midlands businesses to organise events to raise money for cancer research, the NSPCC and other children related charities. Every year over 450 children are diagnosed with a brain tumour. A huge range of research is carried out at the CBTRC, looking into as many aspects of child brain tumours as possible. It’s aim is to find a cure for all child brain tumours and to reduce the disability caused by them. Although the Centre’s research is progressing, it needs more funding to make the most of the scientific knowledge that is being uncovered in order to save more lives. Andrew Springhall, from Big C Little c, added: “More often than not cancer treatment has worse side effects than the initial symptoms and institutions like CBTRC are doing an incredible job researching treatments that are more targeted on the cancer tumours which ultimately means patients enjoy a better outcome. “We sincerely hope the money raised will progress cancer research and help children at risk.” Players will commence the Challenge at 7am at Morley Hayes Golf Club, players then travel to Charnwood Forest Golf Club and conclude at The Nottinghamshire Golf & Country Club, reaching three corners of the East Midlands Counties of Nottingham, Derby & Leicestershire, covering just over 70 miles. The organisers also welcome support via online donations or gifting prizes which can be auctioned during the prize presentation. So far fourballs from Chevin Golf Club, Charnwood Forest & The Nottinghamshire have been gifted.

New partner appointed at Nottingham accountancy firm

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New partner appointed at Nottingham accountancy firm
Nottingham-based chartered accountants, Clayton & Brewill, has appointed Adam Rostance as partner, following the retirement of long-serving partner Neil South. Adam has been working at Clayton & Brewill since 2012, where he joined the firm as an AAT apprentice. After initially working within the compliance department, Adam transferred to the audit department as an audit junior before working his way up to the role of accounts and audit manager. In 2023 he was promoted to director and is now the firm’s newest partner. Adam said: “This appointment has been a huge achievement for me and something I have strived for ever since I became ACA qualified. “I felt right from the start that Clayton & Brewill was the perfect fit for me. It has a mix of both professionalism and a personal approach that really resonates with me, and I am thrilled that I have been able to develop my career here. “I am looking forward to helping to maintain the firm’s positive reputation and position within the market and continuing to provide our clients with high quality services.” After an impressive 37 years with Clayton & Brewill, Neil South has retired from his full-time role as partner. He will continue working two days a week at the firm in a consultancy role. Doug Perry, partner at Clayton & Brewill, adds: “We sincerely thank Neil for his incredible contribution over the past 37 years. Neil’s dedication, expertise, and genuine care for both colleagues and clients have been a defining part of Clayton & Brewill’s success. We’re delighted that he’ll continue to share his insight and experience with us as a consultant. “At the same time, we’re thrilled to welcome Adam as our newest partner. Adam is a highly valued member of the team, providing excellent service to our clients and playing an integral role within the firm. “This promotion is well deserved and reflects his commitment to Clayon & Brewill over the last 13 years. I look forward to working closely with him in this new chapter and seeing the positive impact he will have in his new role.”

Property consultancy makes 34 East Midlands promotions

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Property consultancy makes 34 East Midlands promotions
A property consultancy has announced a string of promotions – including four new partners – at its offices across the East Midlands. Fisher German has made 34 promotions across is offices in Ashby and Market Harborough. In Ashby, Emanuel Skelton, Laura Knight and Thomas Blake have been announced as partners. John Nicol has progressed to associate planner and Marc Strydom, Murray Peat and Stephen Maxwell have been promoted to senior associate. Stephen is now field services manager. Pipeline field technician supervisor Nevil Theyer, senior interface manager Rebecca Taylor and GIS technician James Shannahan have been promoted to associate, while Lucinda Gent, Lucy Bland and Sophie Ward are announced as senior surveyors, Ellie Chadwick as senior financial reporting manager and Katie Lea is now senior sales advisor. Debbie Watts has been promoted to rural CAS property data manager, Charlotte Lloyd to senior client accountant, Elizabeth Hefferin-Towey to senior agency operations coordinator, Elizabeth Townsend to senior GIS technician and Elizabeth Gale to senior administrator. In the firm’s head office, also in Ashby, Harman Basra has been promoted to head of performance & organisational development, Amy Owen and Kirti Chouhan have been promoted to senior risk and compliance lawyers, Warner Bates to performance development manager, Mark Gordon to IT infrastructure manager, Sophie Taylor to senior talent acquisition advisor, Harry Marshall to senior people communications specialist, Chris Norcup to senior systems administrator and Marta Olesinksa to management accountant. In Market Harborough, Harry Edwards has been promoted to partner and Matthew Trembath to associate partner, while Samantha Mottram has been promoted to senior agribusiness consultant, Rachel Cornthwaite becomes an agribusiness consultant, and Nikki Granger becomes a senior property administrator. The firm has made a total of 64 promotions across the business. Richard Benson, senior partner at Fisher German, said: “These promotions recognise the very best of Fisher German and the hard work so many colleagues put in every day to add value for our clients. “All of our promotions have been made against our ‘Grow’ Career Progression Framework, which gives our colleagues clear guidance for career advancement within the company – no matter what level they are at. “Huge congratulations to all those promoted, it is thoroughly deserved and ensures that we continue to build for the future across our business.”

Work starts on more than 760 new Nottinghamshire homes

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Work starts on more than 760 new Nottinghamshire homes
Vistry Group, the provider of affordable mixed-tenure homes, was joined by Cllr Sam Smith, Leader of Nottinghamshire County Council, Cllr John Clarke, Leader of Gedling Borough Council, and leading figures from both councils to celebrate the start of work on 763 new homes at Top Wighay, Nottinghamshire, triggering the start of a £6m investment to bolster local services. Andy Reynolds, Managing Director of Vistry Group’s partnerships division in the South East Midlands, said: “We were delighted to welcome key figures to celebrate the start of work on these much-needed new family homes at Top Wighay. “Over the past year, we have consulted with the community to finalise the details of the scheme and ensure it meets local people’s needs and now we are on site, ready to create a new community of high-quality properties for people in the area to call home.” Situated approximately 2km north of Hucknall town centre and to the east of Annesley Road (A611), the £191m development forms part of Nottinghamshire County Council’s (NCC) flagship mixed-use scheme. The 86-acre site, contracted in 2023 with NCC and earmarked for development for more than a decade, will also include 21 acres of employment land, a local centre with retail offering and a new primary school. Now the ceremonial spade has been placed in the ground, work will start imminently on the 763 one-, two-, three, four-, and five-bedroom homes, maisonettes and apartments. Of the new homes, 269 will be affordable properties, 97 will be available for private rental and 397 will be on sale on the open market through Vistry’s Linden, Bovis and Countryside brands. In addition to new housing, the development will also offer benefits to the wider community, with almost £6m designated to bolstering local services. This includes £4,750,000 for education, £800,000 for highways and bus improvements, and £436,000 towards healthcare. The scheme also includes new parks, sports facilities, wildlife corridors, pedestrian and cycle routes, a new primary school, and an on-site Skills Academy in partnership with Chameleon School of Construction. This innovative training initiative will aim to encourage local people not in employment or training back into work. Cllr Sam Smith, Leader of Nottinghamshire County Council, said: “This milestone marks a significant step forward in a project that will bring lasting benefits to Nottinghamshire. From a brand-new primary school to improved transport links and employment opportunities, this investment will enhance local services and create a vibrant, sustainable community for generations to come.” Cllr Jenny Hollingsworth, Portfolio Holder for Sustainable Growth and Economy at Gedling Borough Council, said: “I am delighted that work is beginning to provide 763 much needed homes, together with improved infrastructure, including highways, education, health, and a local centre. “The plan for on-site skills and training is particularly welcomed and will provide great opportunities for local people and the local economy. “The site has been allocated for development for some time so it’s particularly good to see that this significant investment has allowed this project to get underway. I very much look forward to following its progress over the next few years.”

TowerBrook makes majority investment in Corby sustainable waste management solutions business, Axil

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TowerBrook makes majority investment in Corby sustainable waste management solutions business, Axil

TowerBrook, a purpose-driven investment firm, has made a majority investment in Corby-based Axil, the sustainable waste management solutions business.

With TowerBrook’s backing, Axil is poised for growth, strengthening its market presence and expanding its service offering.

TowerBrook, has invested in Axil through its Impact strategy, TowerBrook Delta which supports high-potential companies with impact at their core. This investment aligns with Axil’s vision of delivering sustainable waste management solutions that create positive impact.

Edward Pigg, Managing Director at Axil, said: “We’re excited to welcome Towerbrook as our partner as we share the same enthusiasm and energy to improve the environmental performance of our customers.

“Our teams share many common values, and we look forward to continuing our track record of growth with their support. What impressed the Axil team during the shareholder transition was the level of engagement and interest demonstrated by Towerbrook with our staff at all levels.”

Tom Redpath, Head of Europe at TowerBrook Delta, added: “We are delighted to partner with Axil. Axil is a great example of the deep thematic work we do in TowerBrook Delta to find high growth, high potential, high impact businesses with great teams underpinned by enduring economic and behavioural demand.

“Axil sits within Resource Sustainability, one of our six key global investment pillars. As global resource scarcity rises, raw material costs increase, and supply chains grow more complex, this area is more critical than ever. In Europe, stricter regulations, higher disposal costs, and limited access to raw materials are driving a stronger push for resource sovereignty.

“Axil’s innovative resource management solutions help businesses reduce waste at source, improve recycling rates, and lower operational costs. Exceptional ROI and NPS have fuelled strong growth, creating a solid platform for the future.

“From the outset, there was real energy and chemistry with Ed and the Axil team. They embody what we seek in a partner – high-performing, high-potential, high-integrity, with low ego and a relentless drive for growth and improvement.

“We are delighted to support their growth aspirations, while maintaining their award-winning culture.”

The sellers were advised by Opus Corporate Finance.

South Wales fire safety equipment supplier snaps up Chesterfield firm

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South Wales fire safety equipment supplier snaps up Chesterfield firm
CheckFire Group, the South Wales-based fire safety equipment supplier, has acquired PJ Fire Ltd, based in Chesterfield. This acquisition secures the manufacturing future of PJ Fire’s CO2 renovated and remanufactured products. Founded in 2007 and now employing a team of 50, PJ Fire has grown into one of the UK’s leading independent trade suppliers of fire extinguishers and ancillaries. Peter Cowley, owner and founder of PJ Fire, said: “The sale of the business marks the culmination of many years of hard work, and I am delighted with this next step. My mission has always been to provide the highest levels of support to our valued customer base. “CheckFire has been one of my longest-standing partnerships, and is renowned for its unmatched commitment to product excellence and exceptional customer service. “When considering a sale, I sought honesty, integrity, and professionalism – qualities I found in CheckFire. Knowing that I’m passing the reins into safe hands gives me confidence that the business will continue to thrive and embark on an exciting and secure future.” Cameron Robins, managing director of CheckFire, added: “We are thrilled to announce the acquisition of PJ Fire, a long-term, truly strategic partner to CheckFire. We feel privileged to become the custodians of Mr Cowley’s legacy and reputation in the sector and delighted to have enabled his well-deserved retirement. “This significant milestone in our partnership is allowing us to secure PJ Fire’s excellent range of products and services while leveraging CheckFire’s resources to unlock new opportunities. “Our goals are clear: to safeguard the trading legacy of the PJ Fire brand, bolster its product offering for customers and strengthen our shared commitment to British manufacturing. This is an exciting step forward for both businesses, and I’m really excited about the opportunities it presents for PJ Fire’s future and its dedicated team.” CheckFire’s director of projects, and taking the helm at PJ Fire, Daniel Robins added: “Our two businesses have a significant amount of common DNA, at our core we have deep-seated family values, and both have a passion for the environment and a sustainable approach to business. “PJ Fire’s innovative CO2 range, including renovated and remanufactured models, is a fantastic set of products. “I’m looking forward to working closely with the PJ Fire team in the coming months, and my focus and commitment is to maintain continuity for PJ Fire’s team and customers, and to further enhance its products and service offerings to fulfil both current and future demands. “Clients of PJ Fire Ltd can rest assured that they will continue to receive the same level of exceptional service and support they have become reliant on over the past 18 years.”

East Midlands financial and related professional services exports register strong year-on-year increase

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East Midlands financial and related professional services exports register strong year-on-year increase
Financial and related professional services exports from the East Midlands increased by 18% year on year, to £3.7bn, in 2022, according to a new report from TheCityUK. The report, ‘Exporting from across Britain: Financial and related professional services 2025’ provides analysis of the latest available data (2022) on financial and related professional services industry exports broken down by region and nation across Great Britain. TheCityUK’s report reveals that in 2022, total financial and related professional services exports from across Britain rose by 18.4% to £158bn. Almost half (47%) of this originated from outside London in 2022. Financial services exports from the East Midlands accounted for 2.3% of Britain’s total financial services exports, with professional services exports from the region also accounting for 2.3% of total related professional services exports. In terms of the destination of the region’s financial services exports, around a fifth (21%) went to the EU, with the remaining 79% generated by exports to the rest of the world. Sandra Wallace CBE, TheCityUK Chair in the Midlands, and Deputy Managing Partner at DLA Piper, said: “The East Midlands’ financial and related professional services industry is a major contributor to the local economy. The region’s export growth in 2022 underscores its expertise. With longstanding strengths in accounting, consulting, and banking, the East Midlands is well equipped to cater to both local and international firms.” Anjalika Bardalai, Chief Economist and Head of Research at TheCityUK, said: “Financial and related professional services make a significant contribution to the UK economy through their exports. In 2022, the East Midlands had a very strong year of export growth, a trend reflected across almost all Britain’s regions and nations. “With nearly half of all financial and related professional services exports originating outside London, it is clear that Britain’s regions and nations are playing an important role in catering to international markets, contributing to local economic growth, and reinforcing the UK’s position as a world-leading international financial centre.” In its report, TheCityUK sets out a series of policy recommendations where industry, government, and regulators can work together to support all parts of the country to continue to grow their export potential. These include: Improving information about trade opportunities
  • Strengthen collaboration between the Office for Investment, UK government bodies, and devolved policymakers, especially in new mayoral combined authorities.
  • Align government goals at all levels, linking trade promotion with the Industrial Strategy and Local Growth Plans to maximise regional specializations.
  • Improve information sharing between devolved bodies and UK government officials to identify opportunities and better coordination of response.
  • Pilot a national brokerage scheme to connect capital with investable projects and enhance the identification, structuring, and presentation of opportunities.
Growing the UK’s share of key global financial and related professional services opportunities
  • Swiftly agree an ambitious UK-Switzerland FTA which will provide UK businesses more freedom to operate in Switzerland, secures digital trade, enables access to high-skilled UK and Swiss talent and commits to collaborating on the green transition.
  • Conclude a UK-India FTA that liberalises trade in services by easing restrictions on UK businesses operating in India, securing digital trade, fostering regulatory co-operation, providing investment protection, and supporting more short-term movement of business personnel.
  • Use the FTA negotiations with Gulf Cooperation Council members to embed regulatory cooperation that promotes frictionless trade and investment as well as enhancing stability and growth in the global economy.
  • Put bilateral financial regulatory dialogues with markets such as the US, EU, Singapore, and Japan on a more robust footing by improving transparency, industry engagement and by adopting a more outcomes focussed approach to promote stability and growth in the global economy.
  • Use the models developed under the UK-Switzerland Mutual Recognition Agreement (MRA) to secure more UK trade with other leading financial centres, such as Japan and Singapore.
  • Work to boost UK and international investment (such as pensions investment) in high-growth companies and develop the UK’s ecosystem for scale-up investment. This will help to keep fast-growing businesses in the UK and grow our share of the global industry.
Building leadership around key areas of future demand
  • Make the UK a global hub for data and technology by using trade and investment policy to lead in global technology and innovation.
  • Position the UK as the world’s leading gateway to international investment opportunities.
  • Target development work at markets where the industry can deliver the greatest value and capture new market opportunities.

Northamptonshire food group gobbles up edible oils and fats platform

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Northamptonshire food group gobbles up edible oils and fats platform
Northamptonshire-based Whitworths Food Group is set to acquire Wednesbury-headquartered KTC Edibles Group from Endless LLP. KTC is a vertically integrated edible oils and fats platform with an important role in the UK food industry supplying over 370,000 tonnes of oils and fats across all major food channels. The group has sales of over £500 million and employs 450 people across its five manufacturing and distribution sites in the UK and Ireland. Endless acquired KTC in May 2022 and has invested heavily in the business over the last three years. Working alongside incumbent CEO, Paresh Mehta, turnover has grown by over £150 million and profitability has more than doubled. This growth has been achieved via the successful introduction of a new management team to support Paresh, significant capital investment across the manufacturing sites together with the successful acquisitions of Cardowan, a Scottish specialist margarine manufacturer, and Trilby, an Irish bulk distributor of edible oils. Originally founded in 1886, Whitworths is the UK’s leading flour milling business. The George family have owned the business since the 1930s and have grown it to over £600 million revenue. The business has ten mills across the UK and supplies almost exclusively into food manufacturing. Paresh Mehta, CEO of KTC, said: “I would first like to thank Endless for the support they have given the business over the last three years. Our partnership has shown what can be achieved with the right backer and when all key stakeholders are strategically aligned. “Whitworths Food Group represent the next exciting evolution in KTC history. Their shared knowledge of developing a market leading enterprise for all stakeholders will be hugely beneficial for KTC. “It is also an exciting development for our customers given the product offering of the combined business. I look forward to continuing the growth of the KTC brand and product offering with the support of our new owners.” Michael George, Director at Whitworths, said: “Whitworths are pleased to welcome KTC into our family of food companies. We have been impressed by the progress of the business over recent years, and look forward to working with Paresh Mehta and his talented management team to continue to progress and grow the business. “The transaction is a great fit strategically and will deliver significant further growth potential for all stakeholders.” Aidan Robson, Managing Partner of Endless LLP, said: “We are very proud of what we have achieved with KTC over the last three years and have thoroughly enjoyed working with Paresh and the KTC team. “Through everyone’s hard work, we leave KTC in an excellent position as the premier supplier of edible oils and fats in the UK with substantial headroom for further growth. Whitworths represent a fantastic long-term owner for the business. “The combination of both businesses will create a strong platform supplying two important ingredients to the UK food sector. We wish the whole KTC team all the very best for the future.” Endless LLP and KTC were advised by Spayne Lindsay (Corporate Finance), Walker Morris (Legal), Park Place (Management) and PWC (Financial, Commercial and Tax). Whitworths were advised by EY (Financial), DLA Piper (Legal), and RSM (Debt Advisory and Tax).

William Davis Homes makes three key appointments to land team

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William Davis Homes makes three key appointments to land team
Loughborough-based William Davis Homes has welcomed a trio of key appointments to its East Midlands land team to support its plans for growth. Reece Richiardi has joined the team as senior land manager, working on the acquisition of open-market sites with existing planning consent, while Harry White, joining as senior strategic land manager, has been appointed to lead the housebuilder’s longer-term land acquisitions. Working alongside Reece and Harry is the company’s new head of design, Mike Barnett, who has been working on an ambitious project to design a new range of housetypes for the developer. The first of the new homes are set to be built on William Davis developments later this year. Harry, Reece and Mike bring significant experience from roles within regional and national housebuilders and said they were drawn to the vision which William Davis’ group land director Sarah Whetton had for the future of the team. Harry said: “After meeting with Sarah and Guy Higgins, the managing director, I felt that William Davis was the right place for me. “The business has an excellent reputation which has been hard-earned, people have a lot of good things to say, and that goes a long way in such a close-knit industry. The quality of build also positions us well in the market. “A family business, we are in a position where we can be dynamic and make decisions quickly, which is valuable in networking and negotiations.” Mike said: “There was an instant connection when I met Sarah and Guy, and they have ambitious plans which I’ve enjoyed working on already. “It’s been a great start to put my experience in the industry and in private practice into designing the new portfolio of housetypes, which is a rare opportunity and one which I jumped at. “The final designs respond to the needs of modern living, recognising how we now use our homes as both our living and social space, and how the space may be used at different stages of life. “The legacy of our developments is key and a lot of time, effort and care has been put into this piece of work.” Sarah Whetton said: “Reece, Harry and Mike are all driven, ambitious, and bring considerable experience and expertise to our team. “As we look ahead to our growth plans over the next five years, we need the right people to make that happen, and Reece, Harry and Mike have already made a huge impact on the business. “Reece and Harry will be key to our plans to increase market share and bring forward new sites, while Mike’s new housetype designs will provide homes across those sites which are efficient and suited to modern lifestyles, while creating an attractive street scene and responding to market needs.”

Sainsbury’s opposes Aldi plan in Matlock as council recommends approval

April Lara
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Sainsbury’s opposes Aldi plan in Matlock as council recommends approval

Despite opposition from Sainsbury’s, Derbyshire Dales District Council has recommended approval for an Aldi supermarket in Matlock’s former Harveydale Quarry. The proposed 1,864-square-metre store would create 50 jobs and redevelop a derelict site.

Sainsbury argues that the town does not need another supermarket and claims that the development would harm the trade of its existing stores. It also cites concerns over pedestrian access and the impact on independent retailers. However, 757 letters of support were received, with the only formal objection coming from Sainsbury’s.

Council planners state the Aldi store would not significantly impact the town centre’s economic viability. The project includes 109 parking spaces and upgraded traffic controls on Dale Road. It will replace former Derbyshire County Council offices and a local MOT garage, despite concerns over the loss of the mechanic business.

A final decision will be made on April 8.

Leicestershire caravan park secures £25,000 for expansion

April Lara
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Leicestershire caravan park secures £25,000 for expansion

The Grange, an independent camping and caravan park in Leicestershire, has secured £25,000 in funding from First Enterprise through the British Business Bank’s Start Up Loans programme. The investment will support expansion into surrounding land and introducing a new glamping experience, including Leicestershire’s first yurt accommodation.

The site offers 26 fully serviced pitches, bespoke facilities, and an on-site shop featuring local produce. The funding will enable the addition of six new hard-standing pitches, set to open in May 2025. The Grange, which recently won Best Camping, Glamping & Holiday Park at the Leicestershire Tourism & Hospitality Awards, aims to enhance its offering to meet growing demand for premium outdoor stays.

Derby’s new taxi licensing rules could disrupt local business

April Lara
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Derby’s new taxi licensing rules could disrupt local business

Derby City Council’s proposed changes to taxi licensing could severely impact private hire taxi owners, with the GMB Union warning that hundreds of drivers may lose their livelihoods.

The council’s plan aims to reduce the maximum age for licensable vehicles from 15 to just 5 years, potentially forcing many drivers to use older vehicles out of business. This move would set Derby apart from neighbouring cities like Nottingham, which allows taxis up to 10 years old.

GMB Regional Organiser Craig Thomson voiced concerns that the council’s approach, focused on reaching green city targets, unfairly burdens local taxi drivers without sufficient consultation. He called for the council to work with drivers and unions to develop a more balanced plan. This shift in policy could disrupt the daily operations of a vital service for the local community, putting many businesses at risk.

Conversion of farm buildings into holiday lets approved in Northamptonshire

April Lara
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Conversion of farm buildings into holiday lets approved in Northamptonshire

Local authorities have approved plans to convert a set of rural farm buildings in Northamptonshire into a holiday accommodation site. The site, situated near Blatherwycke, northeast of Corby, will transform five mid-19th-century barns and stables into six holiday homes. The development also includes plans for a café and retail space.

The proposed holiday homes will vary in size from one to three bedrooms and will feature fully equipped living spaces, kitchens, bathrooms, and terraces. A café offering food and drinks and a bicycle rental service in one of the larger units will be included.

The applicant, F & A George Ltd noted the local demand for tourist accommodation, citing nearby attractions such as Fineshade Woods and Rutland Water, as well as the market towns of Stamford and Oundle.

The site will retain existing access from Blatherwycke Road, with a new car park to be constructed to accommodate guests.

Work gets underway to find new members for Leicester and Leicestershire’s Innovation Board

Tess Egginton
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Work gets underway to find new members for Leicester and Leicestershire’s Innovation Board
Work is underway to recruit new members for Leicester and Leicestershire’s Innovation Board. The announcement came as Leicestershire Innovation Festival 2025 launched with a packed day of events covering industrial strategy, artificial intelligence for SMEs, and routes to finance. The first day of the seventh annual festival included a review of the region’s innovation opportunity from Dr Nik Kotecha OBE DL, founder of RandalSun Capital and a former LLEP Innovation Chair. There was also a deep look into the strategic opportunity of AI for small businesses, and a funding support session led by Innovate UK and the British Business Bank. Delegates started the day at the National Space Centre, where they were welcomed by Andy Reed OBE, Chair of the Leicester and Leicestershire Business Board. He said: “This festival started in 2018 with three events and has become an annual part of the regional business calendar. It brings together partners with a shared interest in encouraging small business productivity and growth in Leicester and Leicestershire.” Mr Reed also informed guests at the National Space Centre that work had recently commenced to populate an Innovation Board. It will sit under the Business Board of the Leicester and Leicestershire Business and Skills Partnership (LLBSP). The Innovation Board’s purpose will be to bring together leaders from business, research, education and finance, seizing on opportunities as they emerge in the innovation space. Previously, the Innovation Board was part of the Leicester and Leicestershire Enterprise Partnership (LLEP). LLEP functions were taken under the control of upper tier local authorities last year. Dr Kotecha followed Mr Reed’s welcome with a look at Leicester and Leicestershire’s innovation landscape and the origins of the regional R&D agenda. He then assessed the emerging opportunity around the Government’s Industrial Strategy. Dr Kotecha said: “The Government’s Invest 2035 programme suggests that innovation is again returning to the forefront of strategic thinking. “This is to be welcomed and we must make sure we are poised to advocate for our economy and our business community and seize – for Leicester and Leicestershire – the opportunities that the Government is trailing.” Steve Barradell and Guy Boyle, directors of Loughborough-based Institute, gave a 45-minute critical discussion of AI and its strategic opportunity for local small businesses. They followed up by confirming that their funded 12-week AI+ programme for small businesses – supported by Loughborough College and Innovate UK – would return in the autumn. A further 60 places have been made available for 2025-26 after the sell-out success of the first programme last year. Guy, Institute’s Creative Director, said: “We’re interested in increasing knowledge among SMEs so they can ask better questions of those selling them current digital solutions.” Guests then made the short walk to nearby Space Park, where an afternoon session, led by Innovate UK and the British Business Bank, provided detailed insights into current funding opportunities. As well as practical guidance on preparing winning funding applications, the session included networking time for small businesses to meet with funding experts and fellow innovators. Leicestershire Innovation Festival 2025 runs until Friday. It is led by the Business Gateway Growth Hub. Events take place online and at venues across the city and county. Subjects covered include finance, life sciences, innovative manufacturing, and digital skills.

Fairham Way to become main arterial route through Nottingham’s new neighbourhood

Tess Egginton
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Fairham Way to become main arterial route through Nottingham’s new neighbourhood
From Monday 14th April 2025, Fairham Way will open and become the main arterial road through Nottingham’s new neighbourhood – Fairham. Fairham Way will allow traffic to flow through the centre of Fairham for the first time since the development of the 606-acre brand new neighbourhood commenced in 2018. With over £58m spent on infrastructure, the road opening marks a significant shift change in the delivery of homes, employment and conveniences at Fairham, providing easier access to all the residential area and business park. The new road will also allow direct access to the centre of the neighbourhood from the Northern Gateway located off Mill Hill Island from the A453 past all residential plots until the road rejoins Nottingham Road at the Southern Gateway. Clowes Developments and Homes England are responsible for delivering Nottingham’s new neighbourhood, Fairham. The partnership is set to bring thousands of new homes, jobs and opportunities to Nottingham. The 606-acre site on the southern edge of the city will become a prime commercial and residential destination. It is anticipated that the new Fairham Way road will see as many as 8,000 cars travelling through the neighbourhood every day. In light of this and at the request of Nottinghamshire County Council, the decision has been made to close a section of Nottingham Road, connecting Clifton to Gotham, between the stagger junction and the Southern Gateway. By closing this section, traffic will be channelled through Fairham Way in both directions which will assist in changing public behaviour to utilise Fairham Way. This will also allow improvement works including traffic calming features to be undertaken to Nottingham Road. It is expected to remain closed for up to 18 months. All road traffic, cycle routes, pedestrian paths and public transport routes, including bus service numbers 1/1A and 4/N4 will be diverted to follow Fairham Way with a new bus stop added to the route. Thanks to infrastructure specialists, O’Brien Contractors Ltd, works around the stagger junction have also been completed on time and according to schedule.
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