Wavensmere sells £11.6m of off-plan houses in Derby – over two years before completion

Wavensmere Homes has sold 40 off-plan houses to a club of existing customers who have already purchased two or more of its homes. With a total value of £11.6m, the two- and three-bedroom homes located in Derby will be build complete from Q3 2027. James Dickens, managing director of Wavensmere Homes, said: “Our inaugural Clique event has exceeded all our expectations. “We invited our loyal customers to socialise with the team and each other at an information evening, where they had preferential access to a limited release of 40 plots. Before the event ended, these two- and three-bedroom houses were assigned to purchasers – over two years before they will be build complete. “While the buy to let market is not without its challenges, investing in quality homes off-plan in well-located developments that offer a range of amenities can reap significant dividends. “Clique members have already been through the investment journey on other Wavensmere developments. They are benefitting from attractive yields and the pick of a pool of aspirational tenants. “These people keep in touch with us, follow planning updates, share our excitement for upcoming development launches, and enthusiastically ask for first dibs. The Clique concept was inspired by them as a way of formalising the gratitude we have for our repeat customers.” Wavensmere provides Clique members with a dedicated sales relationship manager, access to exclusive mortgage products, and tenant benefits from the point of completion. Wavensmere Homes is highly active across Derby, with its £175m Nightingale Quarter development in the final phase of being transformed into a new community, including over 900 houses and apartments. In autumn 2024, Wavensmere commenced work on site to regenerate and redevelop Friar Gate Goods Yard in Derby city centre, with 276 houses and apartments to be available for occupation from 2026, together with commercial opportunities. At the start of this year, the housebuilder also commenced construction work at the £22m redevelopment of Milford Mills, which overlooks the River Derwent, located between Belper and Duffield in north Derbyshire. 69 new homes are being delivered on the historic site, which is within the Derwent Valley Mills UNESCO World Heritage Site. Additionally, pre-construction work is well underway at Cathedral One, within Derby’s newly revitalised Cathedral Quarter, where 195 studio, one- and two-bedroom apartments will be delivered.

East Midlands business confidence hits 2025 high

Steadying economic conditions and softening inflationary pressures are giving East Midlands firms reasons for confidence, according to the latest NatWest Regional Growth Tracker. The headline NatWest East Midlands Business Activity Index rose to 49.3 in May from 47.5 in April. Although the reading represented a fifth successive monthly fall in output, the latest reduction was only slight and the weakest since January. Where output decreased, panellists generally linked this to subdued demand conditions and falling new orders. Although companies in the East Midlands continued to scale back their workforce numbers solidly during May, the latest reduction was the least pronounced since last November. A number of respondents indicated that they had been reluctant to replace departing staff, in some cases due to cost considerations. That said, other firms had opted to hire additional workers during the month, limiting the overall pace of job cuts. After dropping to a 28-month low in April, business confidence rebounded in May and was the strongest in the year-to-date. In fact, sentiment in the East Midlands was the third-highest of the 12 monitored regions and nations, behind only the West Midlands and North West. The pace of input cost inflation eased in May, but remained sharp and was above the series average. Respondents again mainly linked higher input prices to rises in the National Minimum Wage and employer National Insurance contributions. Sebastian Burnside, NatWest chief economist, said: “While companies in the East Midlands continued to face a challenging demand environment in May, there were some signs in the latest Growth Tracker of light at the end of the tunnel. “Business activity moved closer to stabilisation and confidence in the future rebounded. Companies subsequently moderated the pace at which they scaled back their workforce numbers. “While firms again reported the inflationary impact of recent labour market policy changes, rates of inflation of both input costs and output prices both softened in May, providing some respite for companies and customers alike and adding to signs that the worst of the recent soft-patch may have passed.”

Phase one completes at Castle Donington business park

All units in phase one at Stud Brook Business Park have now achieved practical completion, and have been officially handed over to their new occupiers. Industry leaders including Argon Medical, Bucher Municipal, Unilode, and Shawpak are either fully operational or finalising their fit outs, with plans to be fully operational by summer 2025. Phase one features a range of industrial and distribution units from 8,500 to 30,000 sq ft. Delivered on time and in line with a tight construction programme, the development overcame several challenges. Duncan Paterson, contracts manager at TanRo, said: “Stud Brook was a logistically and technically complex scheme, located adjacent to an ongoing residential development and East Midlands Airport. Working under strict working-at-height restrictions presented significant challenges, but our team rose to the challenge. “None of this would have been possible without the dedication and expertise of our on-site team. We also extend our gratitude to our subcontractors, who overcame every challenge with professionalism and delivered excellent results throughout. “We are proud to have successfully delivered another major project for our client, Clowes Developments, on programme and to the exceptional standards they rightly expect.” The project delivery was supported by IMA Architects, Millward Consulting Engineers, Geldards LLP, and Postins Project Services. Meanwhile, Roe Developments has commenced construction of Units 1B to 1F, which will comprise five new trade counter units, ranging from 3,229 to 4,606 sq ft. The units will wrap around the now fully operational Starbucks Drive-Thru, located prominently at the front of the park. Plot 1 also neighbours the newly opened Sainsbury’s Local, offering added convenience and footfall for future occupiers. Several tenants are already lined up, with announcements expected soon. James Richards, director, Clowes Developments, said: “With household names like Starbucks and Sainsbury’s on site and prominent industrial occupiers such as Unilode, Argon Medical, Bucher Municipal, and Shawpak, Stud Brook is quickly becoming a vibrant commercial destination. We’re proud of what’s been achieved and excited about what’s still to come.” Richard Sutton, director at NG Chartered Surveyors, said: “Stud Brook Business Park is another great example of what Clowes Developments does best. Its success comes down to a prime location, high-quality sustainable buildings, and a well-thought-out mix of amenities. With only three units remaining at completion, it’s clear the market has responded strongly. “The addition of Sainsbury’s Local and Starbucks has been a real plus, making the park even more attractive for businesses and their staff. Future phases will build on this, adding more retail and trade counter units to serve the growing community. “Quite simply, the quality of what Clowes delivers, and the way they support their occupiers, is second to none.”

Nadine Peatfield, Leader of Derby City Council, revealed as keynote speaker for the East Midlands Bricks Awards 2025

The keynote speaker for this year’s East Midlands Bricks Awards, taking place on Thursday 2nd October at Trent Bridge Cricket Ground, can now be revealed. Councillor Nadine Peatfield is the Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, as well as Deputy Mayor of the East Midlands. Speaking with Business Link, Councillor Nadine Peatfield said: “2025 is a landmark year for Derby. We’re not just planning, we’re actively building a vibrant and welcoming city for everyone to enjoy. This vision has been brought to life thanks to the crucial partnerships with our talented development partners. “The East Midlands Bricks Awards is a fantastic opportunity to celebrate the exceptional skills and expertise within our region’s property and construction sector, and I’m very excited to see their achievements recognised.” Celebrating the property and construction industry, the East Midlands Bricks Awards showcase the outstanding work of those shaping the landscape of our region, recognising development projects and people in commercial and public building – from offices, industrial and residential, through to community projects such as leisure schemes, schools and public spaces. We also highlight the work of architects, agencies and those behind large schemes. Nominations are now OPEN for East Midlands Business Link’s 10th annual Bricks Awards. Entering the awards is completely free and making the top three finalists in your category also wins you free tickets to the event, where you’ll be in the running for one of our coveted awards. To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page. Categories include: All finalists will have the chance to take home the Overall Winner award, which this year comes with a grand prize of a year of marketing/publicity worth £20,000, with the opportunity to split or gift the marketing to a charity of your choice.

Nominations will close on Friday 15th August.

Supporting imagery, video, documents, or links to these, can be sent to bricks@blmgroup.co.uk. Video nomination pitches are also welcome as an alternative or companion to written entries. Tickets can now be booked for the 2025 awards event, click here to secure yours. Taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 2nd October from 4:30pm – 7:30pm, connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region. Dress code is standard business attire. Thanks to our sponsors:                                                                

To be held at:

With a limited number of sponsorship opportunities remaining, please contact Angie Cooper at a.cooper@blmgroup.co.uk to learn more if you are interested in becoming an East Midlands Bricks Awards 2025 sponsor.

Nottinghamshire NHS lands £2.6m to upgrade hospital infrastructure

Nottinghamshire Healthcare NHS Foundation Trust has secured £2.6 million in government funding to address high-risk maintenance issues and modernise critical hospital infrastructure across five of its sites.

The funding, drawn from the Government’s Critical Infrastructure Risk (CIR) capital programme, will go towards essential upgrades at Rampton Hospital, Wathwood Hospital, Arnold Lodge Hospital, The Wells Road Centre, and Thorneywood Mount. All five facilities are specialist mental health hospitals, providing varying levels of secure care to patients across the Midlands and South Yorkshire.

Work will focus on replacing or upgrading ageing systems tied to fire safety, water and energy infrastructure, and electrical networks. At Rampton, a full-scale overhaul of fire alarms and suppression systems is planned. At The Wells Road Centre, the outdated mechanical plant will be replaced to improve reliability and energy performance. Arnold Lodge will see major improvements to its electrical and energy systems, contributing to the Trust’s wider Net Zero targets.

The projects are part of the Trust’s long-term Estates Strategy and Green Plan, which aims to create safer, greener, and more resilient healthcare environments. Works begin this summer and will be phased through to spring 2026 to minimise disruption to services.

Ambulance upgrade targets faster emergency response in East Midlands

Thirty new ambulances will be rolled out across the East Midlands to replace ageing vehicles, backed by £4.7 million in government funding. The investment forms part of a wider £450 million package aimed at modernising emergency care services across England.

The East Midlands Ambulance Service (EMAS), which currently operates a fleet of over 800 vehicles, is expected to receive the new units by March 2026. The vehicles will support the government’s Urgent and Emergency Care Plan for 2025/26, a strategy designed to reduce pressure on emergency departments by streamlining frontline response capacity.

The wider plan involves phasing out nearly 500 older ambulances nationwide to improve response times and reliability.

EMAS’s current vehicle mix includes emergency ambulances, rapid response cars, community responder units, and patient transport vehicles, positioning the trust as a major buyer and operator within the region’s emergency care infrastructure.

Local councils seek business backing for foster care campaign

Businesses across Derbyshire and Nottinghamshire are being asked to support a joint initiative aimed at boosting local authority foster care in the East Midlands.

The Foster for East Midlands Councils campaign, launched in March 2024, is a collaborative effort between Derby City, Derbyshire County, Nottingham City, and Nottinghamshire County Councils. Its goal is to increase the number of foster carers and improve support for existing ones through coordinated regional outreach.

As part of its business engagement strategy, the campaign will host two breakfast networking events in June to introduce the initiative to local employers. These events will provide information on how companies can get involved and share insights from current foster carers. Sessions are scheduled for 19 June at Pride Park Stadium in Derby and 25 June at Notts County Football Club in Nottingham.

Beyond attending events, businesses are encouraged to support the campaign by promoting fostering across internal communications channels, offering space for events, or providing discounts to foster families. Companies can also gain recognition by becoming Fostering Friendly employers through The Fostering Network’s national scheme, with support provided to implement the necessary workplace policies.

The councils emphasise the role businesses can play in raising awareness and creating a supportive environment for children in care. Interested organisations can contact the campaign team via phone or visit the website for further details on partnerships and event bookings.

£2m council-backed investment brings H&M to new Grosvenor Centre site

H&M has relocated to a new unit in Northampton’s Grosvenor Centre, supported by a £2 million loan from West Northamptonshire Council. The funding is part of a broader local initiative to revitalise the town centre and attract higher foot traffic through improved retail and commercial offerings.

This investment forms one of two council-backed loans aimed at enhancing the shopping centre’s appeal and functionality. The second, worth £1 million, is earmarked for developing flexible workspaces within the centre to accommodate demand for hybrid and remote working environments. Both measures are part of the council’s strategic push to stimulate economic activity in central Northampton by supporting commercial tenants and enhancing business infrastructure.

H&M’s move from its former site on Abington Street aligns with the council’s efforts to modernise retail space and attract major high street names back to the area. The Grosvenor Centre’s management has highlighted the reopening as a significant boost to its tenant mix and overall commercial offering.

The dual investment in retail and workspace reflects a trend in urban commercial redevelopment, combining experiential shopping with flexible working to future-proof town centres.

Apprenticeship events support Chesterfield’s future workforce

Chesterfield Borough Council is strengthening its business talent pipeline by connecting school leavers with local employers through a series of Apprenticeship and T Level information events. The initiative targets sectors with strong regional demand, including construction, manufacturing, engineering, and health and social care.

These events, delivered in partnership with the East Midlands Combined County Authority Careers Hub, the ASK programme, and a network of local firms, aim to bridge the gap between education and employment. Outcomes from this academic year already include student enrolment at Chesterfield College’s Construction Skills Hub and new apprenticeship hires.

Employers participating in the events include Frank Shaw Associates, Chesterfield Royal Hospital, Stepnell, United Cast Bar, MSE Hiller, and regional universities. The initiative is part of the UK’s first designated ‘Apprentice Town’, a place-based strategy where apprenticeships form a core part of economic development.

There are currently around 60 apprenticeship opportunities available within a 10-mile radius of Chesterfield, according to the national Find an Apprenticeship service. The next council-run information event is scheduled for October.

By focusing on vocational routes and promoting direct employer engagement, Chesterfield is positioning its young talent as a solution to local skills shortages and long-term business growth.

Derby-based PfP Thrive unites 26 industry leaders to tackle housing sector skills shortage

PfP Thrive, part of Places for People, has struck up partnerships with housing associations to deliver bespoke training programmes designed to address the critical skills shortage in the housing and construction sectors. With demand for skilled workers at an all-time high, PfP Thrive is delivering tailored and comprehensive training modules for the UK housing and construction sectors and now, it has announced a new collaboration with 26 major industry names, including Havebury Housing, Amplius Housing, Futures Housing Group, Thrive Homes, Saffron Housing, Wates Group, Peabody Housing, East Midlands Homes (EMH), Alpha Living, Platform HG, Plymouth Community Homes, Novus Property Solutions, Gilmartin’s Group, Breck Group, Flagship Group, Notting Hill Genesis, The Guinness Partnership, Alpha Living, Derventio Housing Trust, Anchor, Riverside, Nottingham Community Housing, Warrington Housing Association, and West Kent Housing. Learning partners have also come on board, with the Retrofit Academy, City and Guilds, Construction Industry Training Board (CITB), Chartered Institute of Housing (CIH) and Study Academy supporting training and accreditation moving forward. By working together, the partnership will rapidly train new and existing colleagues within the housing sector, ensuring the sector has the expertise needed to maintain homes, meet retrofit targets, and deliver ambitious housebuilding programmes. The initiative will focus on traditional trades, emerging skills and housing specific learning ensuring the workforce is futureproofed to meet the evolving needs of the industry. In addition to technical training, PfP Thrive will also offer compliance courses, apprenticeships, and leadership development programmes, helping to create a pipeline of skilled professionals at all levels. Tom Arey, director of PfP Thrive, said: “The skills shortage is one of the greatest challenges facing the housing and construction sectors today. The only way to solve it is through genuine cross-industry collaboration, and that’s exactly what we’ve built with these partnerships and look forward to supporting more organisations across our sector. “By working together, we can equip both the existing and new housing workforce with the skills, knowledge and behaviours the sector needs to thrive. This is about securing the future of our sector, our workforce, and ultimately, the homes we build and maintain.” PfP Thrive aims to train over 100 apprentices in its first year, with a new academy and central hub in Derby welcoming its first intake this autumn.

Chief financial officer steps down at Marks Electrical Group

The chief financial officer at Marks Electrical Group, the Leicester-based online electrical retailer, is set to leave the company to take up a new role as chief financial officer of Roadchef.

Marks Electrical is now commencing a process to appoint a successor. Josh Egan, who remains a director of the company, will continue to fulfil his current role, which will include supporting the business through its preliminary results in June and facilitating a smooth transition. 

Mark Smithson, CEO of Marks Electrical, said: “Josh has made a great contribution to the transformation of Marks Electrical, bringing professionalism and rigour to the finance function and through wider support across the business. Our financial controls, reporting and financial discipline are in a far stronger place than when he arrived.

“Under his guidance, we have improved our financial and operational capabilities, creating a strong platform for our future success. He has been a great colleague, and we thank him for his efforts at Marks Electrical and wish him well in his new role.”

Josh Egan, CFO of Marks Electrical, said: “It’s been a pleasure to work with Mark and the team, as we transitioned from a successful family-owned business to a publicly traded company. It’s never an easy decision to leave a great business, especially with the progress we have made over the last few years.

“However, the opportunity has arisen for me to take on an exciting new challenge. I leave Marks Electrical in a good position and have every confidence that the business will continue to flourish, as it executes on its strategy of driving profitable market share gains to become the UK’s leading premium electrical retailer.”

PR agency joins creative community in Northampton

Ballyhoo PR, a Northamptonshire-based public relations agency, has moved its operations from Lamport to creative hub Vulcan Works, in the heart of Northampton’s Cultural Quarter. The move marks the start of a new chapter for Ballyhoo PR, which celebrated nine years in business last month. Ballyhoo PR started working with the team at Vulcan Works at the end of 2022, preparing for its official opening in February 2023. Since then, they have established a strong agency/client relationship and Ballyhoo PR has seen first-hand the benefits of using the flexible workspace and additional services provided by Vulcan Works to support business growth. Emma Speirs, founder and director of Ballyhoo PR, said: “As soon as we walked through the doors of Vulcan Works, we were impressed with the space, which combines old and new and pays tribute to Northamptonshire’s shoe-making heritage. “Since then, we have helped to tell the stories of the inspiring entrepreneurs and thriving businesses who call Vulcan Works home. We’ve also seen how hard the team work to support businesses and help them to grow through various events, workshops, and a dedicated business support manager on-site. “I adored our converted barn office in Lamport and it was our home for just shy of four years. But, like many businesses, we adopted a hybrid way of working and were only using the office once or twice a week and the bills were constantly going up. “Now, we have taken out coworking memberships at Vulcan Works for all of the team and use it as our base. We still meet up to work together as a team a minimum of once a week but now have the added benefits of being part of a wider, creative community with additional opportunities for business support too. “The move also gives us a town centre base and makes us much more visible as a business. We should have done this years ago!” Garrick Hurter, centre manager at Vulcan Works, added: “Ballyhoo PR is a perfect fit for Vulcan Works, which was established to provide flexible, scalable workspace solutions for creative businesses. “The Ballyhoo team were always welcome and felt part of our team, but now they are regularly working out of Vulcan Works, we get to see more of them. “Ballyhoo PR has been instrumental in helping tell the Vulcan Works story and the team have a deep understanding of what we’re about. Having them embedded in the space brings everything full circle and we look forward to seeing their business continue to thrive here.”

Airport fleet switches to renewable fuel in East Midlands

East Midlands Airport has transitioned over 60 of its operational vehicles to hydrotreated vegetable oil (HVO) biodiesel, cutting their carbon emissions by up to 90% compared to traditional diesel. The switch includes airfield operations vehicles, fire engines, snow ploughs, and other ground support units.

The move aligns with Manchester Airports Group’s (MAG) five-year sustainability strategy, which aims for net zero operations across its airports, including Manchester, London Stansted, and East Midlands- by 2038.

Supplied by YourNRG, the HVO fuel is derived from waste vegetable oils and fats. It undergoes hydrogen treatment to create a clean-burning, biodegradable fuel that also significantly reduces particulate emissions.

East Midlands Airport has been carbon neutral since 2012 and was the first UK airport to achieve certification from the Airport Carbon Accreditation scheme. Alongside the new fuel switch, the site uses 100% renewable electricity, has installed commercial-grade wind turbines, and diverts all waste from landfill. Additional upgrades include electric ambulifts for passengers with reduced mobility and expanded electric vehicle (EV) charging infrastructure for airside vehicles.

The fuel conversion reflects growing momentum among UK infrastructure and transport hubs to decarbonise operations with scalable, low-carbon technologies.

East Midlands manufacturers urged to accelerate digital adoption

Manufacturers in the East Midlands are being encouraged to capitalise on Made Smarter, a government-backed programme that offers tailored support to small and medium-sized enterprises (SMEs) seeking to integrate digital technologies into their operations.

The initiative includes up to £20,000 in matched grant funding to help manufacturers automate manual processes, improve stock control, or enhance production planning through the use of technology. Beyond funding, the programme provides access to digital experts, personalised change roadmaps, leadership and skills development, and fully funded internships pairing manufacturers with students or graduates to explore digital projects without long-term commitments.

The support aims to improve productivity, reduce costs, and increase resilience for regional manufacturers, many of whom are under pressure to modernise in the face of economic uncertainty and global competition.

With limited places available and time-sensitive funding, businesses are being encouraged to assess their digital readiness and act now to secure support. The Made Smarter programme has already demonstrated results in other regions, where participants report improved efficiency, faster innovation, and greater confidence in deploying new technologies.

Side-hustle support programme targets UK’s next wave of entrepreneurs

Small Business Britain and eBay have launched a free six-week digital skills programme designed to help UK side-hustlers formalise and scale their ventures into full-time businesses.

The initiative, called the Side-Hustle Lab, launched on June 4 and will support up to 500 early-stage entrepreneurs. It includes online modules on launching and growing a business, managing time and finances, selling through platforms like eBay, customer service, and sustainability.

The programme responds to a five-year decline in UK small business numbers, which fell from 6 million in 2020 to 5.45 million in 2024. Despite the downturn, new research suggests side-hustling is now the most common entry point into entrepreneurship, accounting for 39% of small business launches. Nearly half of those eventually become full-time operations.

Participants will receive guidance from industry experts and gain access to a peer network of fellow entrepreneurs. The training also focuses on e-commerce, digital marketing, and artificial intelligence, areas of increasing relevance in today’s small business landscape.

The move is part of a broader call for more tailored support for micro-enterprises and emerging founders, particularly those launching businesses alongside other work.

Funding support sees Leicester manufacturer gear up for global growth

A Leicester-based family manufacturing business is accelerating its global growth following a six-figure funding package from Lloyds. DMMP Limited, a subsidiary of the fourth-generation, family-owned George A. Palmer Group, designs and distributes high-precision fertiliser spreaders for the amenity and landscape sectors. Originally established as a UK wholesaler in 2009, the company pivoted to manufacturing its own products in 2023 in response to rising international demand. To support the next stage of its expansion, Lloyds provided a £400,000 funding package to enable operations through DMMP’s new Indian manufacturing arm, Indian Small Tool Equipment Company (ISTEC). Located near Pune in Western India, the site now employs more than 40 staff and has capacity to produce a container’s worth of spreaders daily for export worldwide. The US is also emerging as a key growth market, driven by the country’s expansive landscaping, golf and sports turf sectors. The company is also building out its presence across Asia, targeting emerging markets such as India, Vietnam and the Middle East. Since establishing the Indian facility in early 2024, DMMP has seen its turnover triple – driven by increased production capacity, shorter lead times, and the ability to fulfil larger export volumes. Looking ahead, DMMP Limited is forecasting further growth with the potential to double turnover again over the next 24 months. To support this, the company is investing in new metalworking machinery to bring more of the manufacturing process in-house and further improve quality control. Marcus Palmer, director at DMMP Limited, said: “Our international expansion has been the most ambitious and rewarding phase in our company’s near 100-year journey. Lloyds understood the complexity of what we were trying to do and structured a financial solution that bridged borders and timelines. Their support has helped us stay ahead of soaring demand, particularly in North America and India, while retaining the quality and precision our customers expect.” Claire Carr, relationship manager at Lloyds, said: “DMMP is a fantastic example of a business that has responded to supply chain challenges with innovation and bold thinking. Their shift from importer to international manufacturer demonstrates what’s possible with the right leadership and support. We’re proud to have helped facilitate this next chapter in their global expansion.”

See Limited ramps up hiring to support built environment growth

Northamptonshire-based See Limited is expanding its workforce as part of its ongoing growth in the UK’s built environment sector. The company is currently recruiting for two new positions within its panel fabrication division, Bousfields, based in Corby.

The recruitment drive includes roles for a Production Support Specialist and a Sales Account Executive. The former will be responsible for managing the flow of materials to support production and delivery targets. At the same time, the latter will play a key role in driving commercial performance and client relationships.

This follows recent internal promotions and continued investment in operational leadership, as See Limited positions Bousfields for greater commercial output and market share. Bousfields, a long-established name in panel fabrication since 1949, is a core part of See Limited’s offering and central to its wider growth strategy.

Targeting candidates seeking long-term progression within the built environment industry, See Limited aims to strengthen its in-house capabilities and support its ongoing expansion in one of the UK’s largest economic sectors.

New CEO for Space Park Leicester

The University of Leicester has named a new CEO to lead Space Park Leicester, its £100 million science and innovation park. The University has appointed Will Wells as chief executive officer of Space Park Leicester, who will take up the role from his current position as director of commercialisation and knowledge exchange within the research and enterprise division. Working at the juncture between business, universities and government, Will’s career has spanned senior roles in global corporations (Anglo-American and Cummins), the Civil Service and high growth SMEs. Will led on the commercial and government engagement themes of Space Park Leicester’s development from the initial concept through to its delivery. Nationally he has been the architect and executive lead on major national innovation programmes, including the Space Research Innovation Network & Technology (SPRINT), VentureVersity and, latterly, Forging Beyond. He is director of the European Space Agency Business Incubation Centre Leicester. He has an MBA and is Fellow of the Chartered Management Institute. He takes on leadership of Space Park Leicester as professor Richard Ambrosi moves on from the role of executive director to focus his attention on the spinout company Perpetual Atomics, while continuing in his role as professor of Space Instrumentation and Space Nuclear Power Systems at Leicester. Will Wells, CEO of Space Park Leicester, said: “I am absolutely delighted to be leading Space Park Leicester in this next phase of its development and working with colleagues to deliver on our vision for a world leading beacon of Research, Knowledge Exchange and Innovation for the whole institution. “I am passionate about research and building partnerships that deliver impactful and inclusive growth for the University and our region. Beyond this, Space Park can lay claim to global reach and reputation, aligned with our international prominence in Space and Earth Observation.”

Revenue and profit dip at Dr. Martens as its sets out ‘Levers For Growth’

Revenue and profit are down at Dr. Martens, as the iconic Northamptonshire shoe brand shares its ‘Levers For Growth’ to establish the business “as the world’s most-desired premium footwear brand.”

According to preliminary results for the 52 weeks ended 30 March 2025, group revenue  was down 8% at £787.6m, against a challenging macroeconomic and consumer backdrop in several of the firm’s core markets. Meanwhile, adjusted profit before tax dropped to £34.1m from £97.2m.

The company, however, highlighted its “strong delivery” against its FY25 objectives, which are guiding towards a return to profit growth in FY26.

The year saw Dr. Martens return its direct-to-consumer channel in the Americas back to growth, its marketing approach reset to focus on product, £25m of annualised cost savings delivered, and the business’s balance sheet strengthened ahead of target. Ije Nwokorie, CEO, said: “Our single focus in FY25 was to bring stability back to Dr. Martens. We have achieved this by returning our direct-to-consumer channel in the Americas back to growth, resetting our marketing approach to focus relentlessly on our products, delivering cost savings, and significantly strengthening our balance sheet.

“We are today sharing our Levers For Growth, which will increase our opportunities by shifting the business from a channel-first to a consumer-first mindset.

“We will give more people more reasons to buy more of our products, whether that’s our iconic boots and shoes, newer product families such as Zebzag and Buzz, or adjacent categories such as sandals, bags and leather goods. And we will tailor distribution to each market, blending DTC and B2B, optimising brand reach and ensuring a better use of capital.

“I am laser-focused on day-to-day execution, managing costs and maintaining our operational discipline while we navigate the current macroeconomic uncertainties. Looking ahead, there are significant markets for us to grow into, and we currently own just 0.7% of a total relevant market of £179bn.

“This, combined with the enduring demand for our products, the robustness of our operations, the strength of our cashflow generation and balance sheet and the expertise of our people, gives me confidence that we will deliver the sustainable, profitable growth that this brand is capable of.”

SMEs driving green growth but face barriers to scale

A new report from the government-backed Willow Review has found that UK small and medium-sized enterprises (SMEs) that are embracing sustainability are already seeing measurable business benefits, including cost savings, new customer acquisition, and improved customer loyalty. However, the report warns that persistent barriers are hindering wider adoption, thereby threatening the UK’s green growth potential.

With SMEs representing 99% of UK businesses and accounting for around half of all business-related carbon emissions, their role in achieving national climate targets is crucial. The Review surveyed 425 small businesses and found that 67% of those implementing sustainability practices reduced operational costs, 52% gained new customers, and 33% improved customer loyalty. Many reported using sustainable materials, cutting waste, limiting travel, and sourcing from greener supply chains.

Despite these advantages, many SMEs struggle to take action due to upfront costs, time constraints, and difficulty accessing financial or advisory support. To address this, the Willow Review issued 14 recommendations across three key areas: simplifying sustainability guidance, expanding access to finance, and creating a more supportive policy environment.

The report calls for clearer signposting to existing funding options, the creation of tailored ‘Green-Up Loans’, and reforms to government schemes like the Growth Guarantee Scheme to support green investments. It also urges integration of sustainability into core services such as the Business Growth Service, alongside incentives for landlords to improve energy efficiency in SME premises.