Name for Derby’s Becketwell venue revealed in multi-year deal
More shared ownership buyers increasing stakes in homes
Leicestershire housing association Platform Home Ownership has reported a 50% rise in staircasing enquiries, as more shared ownership buyers seek to increase their equity in their homes.
Staircasing allows homeowners to gradually buy additional property shares, reducing rental costs and moving toward full ownership. Platform, which offers shared ownership homes across the county, has seen a 179% increase in total sales in the current financial year compared to the previous one.
Most shared ownership buyers start with a stake of between 10% and 75% of a property’s market value, paying rent on the remaining portion. Deposits for these schemes typically range from 5% to 10% of the share purchased, making entry into homeownership more affordable.
Market conditions influence staircasing costs, with each transaction requiring a valuation by an accredited surveyor. Platform Home Ownership’s Staircasing and Resales Manager, Laura Hathaway, noted that 72% of the association’s customers ultimately staircase to full ownership, while 28% purchase additional shares on an interim basis.
The surge in staircasing enquiries reflects a growing demand for long-term housing security, as buyers look for flexible ways to build equity and manage housing costs.
Nottingham leads UK cities in EV adoption
Nottingham is emerging as the UK’s leader in electric vehicle (EV) adoption, with 21% of drivers planning to switch to an EV when they next replace their car, according to new research by Motorpoint.
The study ranks UK cities based on willingness to adopt EVs, with Nottingham taking the top spot, followed by Bristol, London, Belfast, and Newcastle.
Despite rising interest, home charging remains a key challenge. Motorpoint found that 72% of petrol and diesel drivers lack access to home charging, with 37% citing high installation costs as a barrier. Nearly half (45%) believe more financial support is needed for home charging infrastructure.
Motorists in Glasgow and Newcastle showed the highest confidence in EVs as the future of transport, with support 7% above the national average. Glasgow, Newcastle, London, Sheffield, and Birmingham are the cities most convinced of EVs’ long-term viability.
The study also revealed strong loyalty among current EV owners, with all surveyed drivers stating they plan to stay electric for their next vehicle.
NHS trust secures long-term lease at Scunthorpe’s Elizabeth Quarter
The Rotherham, Doncaster and South Humber NHS Foundation Trust (RDaSH) has signed a 15-year lease for office space at Elizabeth Quarter, a newly developed council-owned building in Scunthorpe.
The three-storey property includes a ground-floor café and reception area, with modern office space spanning approximately 1,250 sqm across the upper floors. The building was marketed for lease and attracted strong interest from potential tenants.
RDaSH will use the offices for clinical consultations, patient appointments, and as the headquarters for its Community Mental Health and Talking Therapy workforce. The trust, which provides mental health and children’s services in the region, sees the move as a key part of its expansion in North Lincolnshire.
The council expects the agreement to drive further commercial interest in the site, particularly for the ground-floor café. The move aligns with its strategy to support local economic growth and ensure value for money for taxpayers.
RAF Scampton to be sold on open market despite regeneration plans
The UK government will sell RAF Scampton on the open market, rejecting West Lindsey District Council’s bid to acquire the site for a £300 million redevelopment project.
Earmarked initially by the previous Conservative government for migrant housing, the site’s asylum plans were scrapped in September. The Home Office cited regulatory requirements preventing a direct sale to the council, emphasising that disposal of public land must follow market rules.
Since March 2023, the site has cost over £60 million. Government officials claim the sale will prevent further taxpayer losses. Meanwhile, the council, which had partnered with Scampton Holdings Ltd. for regeneration, argues that contamination, heritage issues, and infrastructure limitations make a public-private partnership the only viable option for redevelopment.
Scampton Holdings remains committed to the project despite setbacks. Chairman Peter Hewitt criticised the delays, while local MP Sir Edward Leigh called the government’s decision “madness,” arguing it wasted time and resources on failed asylum plans.
Bungalow development proposed for underused land in Thurnby
A proposal to develop vacant land in Thurnby’s conservation area into nine bungalows, a public car park, and green space has been submitted to Harborough District Council (HDC).
The site, located next to Grange Lane, is overgrown and not publicly accessible. Developer D.W. Hicks Holding Ltd plans to build a mix of semi-detached and detached bungalows, along with a 16-space car park intended to support nearby amenities, including a café and sports field.
Previous proposals for larger housing developments on the site were withdrawn in 2014 and 2015. The latest plan divides the land into residential housing, an expanded green area, and community parking.
Developer Derrick Hicks stated that the project would enhance the area while addressing local demand for bungalows. A consultation is open until 16 April, with a council decision expected by 12 May.
Landmark Grimsby site snapped up
Property experts secure divine Derby deal
Blueprint Interiors invests in team
Topps Tiles sees sales growth but warns of £4m cost increase
Topps Tiles reported a 4% increase in sales to £127.7 million for the six months ending March 29, driven by strong March trading. The company noted a slowdown in January but saw improvement through the quarter, with underlying growth accelerating from 3.3% in Q1 to 4.4% in Q2.
Trade sales were a key driver, with total trade revenue for the Topps Tiles brand rising 12% yearly. The number of active traders grew by 11% to 146,000. In contrast, homeowner sales remained weak as consumers remained cautious about major home improvement spending.
The company expects an additional £4 million in costs due to rising wages and national insurance contributions.
Topps Tiles is also appointing a new CEO after Rob Parker announced his departure in January.
Management remains focused on strategic initiatives, including expanding digital services for trade customers and broadening its product range, to support future growth.
Leicester council plans £2.1m cuts to libraries and community centres
Leicester City Council has outlined plans to reduce costs by £2.1 million by restructuring library and community centre services. The proposal includes transferring 11 facilities to community organisations while retaining 12 sites as “multi-service centres” and keeping the city’s Central Library.
The council cited severe budget pressures, stating it must save £23 million to balance its finances. While job losses are possible, no specific redundancy figures have been provided.
Under the plan, several neighbourhood and recreation centres—including Belgrave, Coleman, Netherhall, Braunstone Frith, and Rushey Mead—could be transferred to external groups. Libraries in Evington, Knighton, and Rushey Mead, along with the Tudor Centre, Eyres Monsell Community Centre, and Gilmorton Community Rooms, are also under consideration for transfer.
With its library relocated, the St Matthew’s Centre may close, while the Fosse Neighbourhood Centre in Newfoundpool could be sold. The council plans to invest £1 million in the 12 sites it will retain, with five locations—including Beaumont Leys Library Hub and Highfields Library Hub—set to operate with staff hours 40 per week. Additional self-service hours will be available at select locations. Seven other sites, including Aylestone Library and Westcotes Library Hub, could operate for 30 hours per week.
The public consultation on the proposals runs until 29 June. Assistant Mayor Vi Dempster stated that while the services are highly valued, financial constraints require operational changes. She encouraged residents to participate in the consultation process.
A government spokesperson acknowledged councils’ financial challenges, highlighting a £69 billion funding allocation for local authorities across England, including a potential £35.6 million increase for Leicester City Council.
Motorpoint hails “strong return to profitable growth”
Motorpoint Group, the independent omnichannel vehicle retailer, has hailed a “strong return to profitable growth” in a trading update for the year ended 31 March 2025.
The Derby business expects to report a profit before tax for the year within the ranges of £4m to £4.3m, representing significant improvement on a £10.4m loss in the prior year.
In early December the firm opened its 21st store, in Norwich.Motorpoint has also announced a share buyback to repurchase up to 3m ordinary shares, with an aggregate purchase price of no more than approximately £4m.
Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “Having returned to profitability in the first half of FY25, I am very pleased with our performance across the full year, delivering profitable growth and significantly outperforming the wider used car market.
“We recommenced our new store opening programme with the Group’s 21st store opening in Norwich in December 2024. Notwithstanding the ongoing consumer and macroeconomic environment, Motorpoint is in a strong position to grow further, and I am cautiously optimistic for the FY26 outlook.
“I am also pleased to announce a further share buyback programme, following the successful completion of last year’s £5 million buyback. This reflects both our ability to generate strong cash flow whilst achieving sustainable growth, and our focus on delivering attractive returns to shareholders.”
Ash & Lacy strengthens position in automotive industry with Vestatec acquisition
Haines Watts sells trio of East Midlands offices to TC Group
East Midlands industrial landmark ready to welcome back manufacturing
Dains relocates Nottingham office to support East Midlands growth
Dains Accountants is moving its Nottingham office to Cubo, Standard Court, starting 1 April 2025. The move follows the end of its lease at Butt Dyke House and aligns with the firm’s strategy to expand its presence in the East Midlands.
The new location, part of a redevelopment of the former Nottingham General Hospital site, offers modern office space to support collaboration and flexibility. It also provides improved transport links and energy-efficient facilities, reinforcing the firm’s sustainability efforts.
Colin Peacock, Partner at Dains Nottingham, said the move reflects the firm’s commitment to growth and creating a high-quality environment for employees and clients. The new office will host client meetings, workshops, and networking events, strengthening engagement with local businesses.
Dains, established in 1926, advises private companies, SMEs, and entrepreneurs. The Nottingham relocation is part of its broader effort to invest in workspaces that attract top talent and support evolving client needs.
Council plans land purchase to support new food waste collection service
Derby City Council is considering purchasing a 7.5-acre brownfield site on Stores Road to accommodate infrastructure for a new weekly food waste collection service, set to launch in April 2026. The land will house a Highways Hub, freeing up space at the existing depot, which is already operating at capacity. The purchase is part of the Stores Road Depot Scheme under the Council’s Capital Programme.
Under new ‘Simpler Recycling’ regulations, local authorities must introduce separate weekly food waste collections. Derby currently provides fortnightly collections mixed with garden waste. To meet the new requirements, £1.6 million in capital funding from Defra will support the purchase of 14 collection vehicles, food waste caddies, and staff. An additional £500,000 in revenue funding will be provided in March 2025 to assist with public awareness efforts.
The new service aims to improve waste management efficiency, reduce disposal costs, and increase recycling rates. Food waste collected in caddies will be processed separately rather than sent to landfills. As the council develops the service, businesses involved in waste management, transport, and infrastructure may see contract opportunities.
Travis Perkins reports £77m loss, plans strategic overhaul
Travis Perkins has posted a £77m pre-tax loss for the year ending December 2024, reflecting tough market conditions and declining demand. Revenue fell by 4.7% due to weaker performance in its Merchanting division, as the construction sector struggled with high inflation, interest rate hikes, and reduced consumer confidence.
In response to these challenges, CEO Pete Redfern stepped down in March 2025 due to health issues, with chair Geoff Drabble taking over leadership on an interim basis. Drabble highlighted the urgent need for the company to refocus its operations, particularly in customer engagement and supplier relationships, to regain trust and better align with market demands.
Despite the ongoing challenges, Drabble is optimistic about the future. With the right leadership and a clear customer-centric strategy, Travis Perkins is well-positioned to capitalise on a potential recovery in the construction sector. The company will focus on efficient capital use, strengthening its core advantages, and re-engaging with the workforce to meet future demand.
Rula Developments acquires 39-acre site in Bingham for new business park
Rula Developments has secured a 39-acre site in Bingham, located 8 miles east of Nottingham, from The Crown Estate to create a new business park, Bingham 46. The site has outline consent for employment uses, with plans to offer a mix of trade counters, offices, manufacturing, warehousing, general industrial, and roadside facilities.
The park will provide over 500,000 sq ft of space, with units ranging from 10,000 sq ft to 350,000 sq ft, subject to planning approval. The development will feature low site density and exceed current biodiversity net gain standards, aiming for a 15% increase. Sustainable design features include photovoltaic panels, air-source heat pumps, and energy-efficient lighting. The project will also target an A-rated EPC and BREEAM Excellent certification.
Strategically located near the A46 dual carriageway, the site benefits from strong transport links to Nottingham, Newark, Grantham, and Leicester and regular bus and train services. The masterplan includes pedestrian and cycle linkages and connections to the adjacent housing development, offering access to the town centre’s amenities.
Rula Developments is working closely with The Crown Estate on the scheme and will submit a reserved matters application soon. The development aims to attract both local and regional businesses by offering high-quality facilities and access to a skilled workforce.
Savills and M1 Agency are handling the forward letting and sale of the development, which is expected to provide significant local employment opportunities.