Manufacturing output falls in the three months to September

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Manufacturing output falls in the three months to September
Manufacturing output volumes fell sharply in the three months to September, according to the CBI’s latest Industrial Trends Survey (ITS). Manufacturers expect output to decline again in the three months to December, the first-time expectations have been negative since November 2023. Both total and export order books deteriorated in September, relative to August, and were reported as well below their long-run averages. Expectations for selling price inflation eased in September, with prices expected to rise at a rate close to the long-run average. Meanwhile, stock adequacy (for finished goods) fell slightly, but remains close to the long-run average. The survey, based on the responses of 275 manufacturers, found:
  • Output volumes fell sharply in the three months to September, following a more modest decline in the quarter to August (weighted balance of -20% from -9% in the three months to August). Looking ahead, output is expected to fall in the three months to December (-7%), the first-time expectations have been negative since November 2023.
  • Output decreased in 14 out of 17 sub-sectors in the three months to September, with the fall driven by the motor vehicles & transport, metal products and paper, printing & media sub-sectors.
  • Total order books were reported as below “normal” in September and deteriorated relative to last month (-35% from -22%). The level of order books remained significantly below the long run average (-13%).
  • Export order books were also seen as below “normal” and deteriorated considerably relative to last month (-44% from -22%). This was also far below the long-run average (-18%) and left export order books at their weakest since December 2020.
  • Expectations for average selling price inflation softened in September (+8% from +15% in August), with the balance standing close to the long-run average (+7%).
  • Stocks of finished goods were seen as more than “adequate” in September (+11% from +15% in August), broadly similar to the long-run average (+12%).
Ben Jones, CBI Lead Economist, said: “This was a uniformly disappointing set of results for the manufacturing sector, with output falling over the past quarter, order books deteriorating and manufacturers expecting activity to soften further in the remaining months of the year. “The survey highlights that the recovery of the UK economy seen over the first half of 2024 remains fragile, with uneven progress seen across different sectors, and businesses increasingly cautious ahead of the Budget at the end of next month. “In the meantime, firms will be looking to the Chancellor to reaffirm the government’s mission of long-term economic growth, providing them with the confidence and opportunities to invest and grow. “Whether that’s building on recently announced planning reforms, introducing a Net Zero Investment Plan or reducing costs – for instance through a clearer, fairer and more competitive business rates system, or setting out a business tax roadmap that delivers a simpler, more digitised and proportionate tax system. “Coupled with a modern, international industrial strategy, the government could take a major stride in delivering the confidence businesses and investors are looking for. This has the potential to supercharge investment and UK growth over the next Budget period and beyond.”

Nottingham coffee roaster secures University of Birmingham contract

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Nottingham coffee roaster secures University of Birmingham contract
200 Degrees, the speciality coffee roaster based in Nottingham, has secured a significant wholesale client in the University of Birmingham. The contract sees 200 Degrees supplying all coffee and ancillary drinks products such as syrups and hot chocolate to the 15 food and beverage outlets across the campus. The wholesale team has already been working extensively across campus to ensure that coffee machines are calibrated, and that food and beverage teams’ barista skills are at the top of their game, ready for the academic year starting in earnest later this month. Being a born and bred Brummie, 200 Degrees’ head of sales Ben Riley is especially proud of this win: “With thousands of students and academic staff requiring regular caffeine breaks, we’re expecting to help University of Birmingham satisfy this demand with tonnes of great tasting coffee and a boat load of hot chocolate! “This is a huge achievement for a roaster of our size, and we are over the moon to be working with the University for the years ahead. We’re really excited for what’s to come and how we develop this partnership.” Commercial director Will Kenney added: “Public sector tenders are incredibly competitive and complex, and 200 Degrees has shown the strength of our wholesale offering by winning this client. “We’ve already proven the crowd-pleasing nature of our coffee with the success of our 21 shops, but this process allowed us to really showcase our client management skills and our commitment to delivering a bespoke, personal touch. We’re looking forward to helping University of Birmingham provide better coffee over the coming years.” Chris Mellins, Director of Food, Beverage & Retail for University of Birmingham, said: “We are excited to have 200 Degrees as our official coffee partner. “At the University, sustainability is one of our key strategic pillars, and it’s crucial for our Food, Beverage and Retail department to embed sustainable practices into all aspects of our operations, including our partnerships. 200 Degrees shares our commitment to these values and aligns with our ambitions in this area – and their coffee is excellent too!” In addition, 200 Degrees is about to sign on the dotted line the deal for its 22nd coffee shop, which is due to open before the end of the year.

Splendour Festival set to stimulate Nottingham’s economy with 2025 return

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Splendour Festival set to stimulate Nottingham’s economy with 2025 return
Splendour Festival is set to return to Wollaton Park in the summer of 2025, with more than 30,000 music fans set to join the party on 19th and 20th July. The festival has welcomed acts including Noel Gallagher, Anne-Marie, Confidence Man, Sugababes, Craig David, Sam Ryder, The Vaccines, Becky Hill, Antony Szmierek, Madness and Rudimental to Wollaton. Each year, the live music industry contributes billions of pounds to the UK economy, and the return of Nottingham’s largest outdoor event to the East Midlands is set to be a significant contributor in stimulating the economy in the area, with local hospitality, tourism and transport sectors all set to feel the benefit from the tens of thousands of travelling visitors and merry-makers from closer to home, as well as the direct investment in local services involved in the event, from crafts people, trades people and event specialists to cleaners and first aiders. Claire Ward, Mayor of the East Midlands, highlighted the impact it is likely to have on the local economy, saying: “I can’t wait to see the city come alive again next summer! As one of the region’s most cherished summer events, Splendour not only brings incredible live music and entertainment to the beautiful grounds of Wollaton Hall & Deer Park, but also showcases the creativity and vibrancy of our community. “Beyond the joy it brings to residents and visitors alike, Splendour plays a vital role in supporting our local economy—boosting our hospitality sector, providing a platform for local businesses, and contributing to Nottingham’s reputation as a destination for world-class events.” Splendour is also known for supporting the region’s music scene each year, with emerging and established artists from across Nottinghamshire, Derbyshire and Leicestershire getting opportunities to perform in front of a festival audience. Splendour’s relationship with local music charity, Nusic, has produced many of these “career highlight” experiences through the Future Sound of Nottingham competition, which gives even the very newest artists the opportunity to open the festival’s main stage. Mark Del of Nusic said: “Every year Splendour gives Nottingham artists the chance to play the biggest stage of their career to date. No spin. No debate. That simple. From that start-of-career artist who opens the main stage via The Future Sound of Nottingham, to the ten to fifteen local artists Splendour embeds across the whole Festival line-up.” Since 2008, more than 150 East Midlands artists have been given significant breaks by appearing at Splendour, including a notable headline appearance by Nottingham’s Jake Bugg, only two years after opening the acoustic Courtyard Stage. The event has helped to shine a spotlight on regional talent coming out of the area, supporting the growth of individual artists while contributing to the growth of a healthy and flourishing local music scene, and encouraging the emergence of more acts. This in turn benefits local cultural and music businesses and helps to brand the city as a musical & creative place, further cementing the East Midlands as a key cultural hub and Nottingham a leading music city. Megan Powell Vreeswijk, CEO of Marketing Nottingham and Nottinghamshire, said: “We’re thrilled to see Splendour Festival returning in 2025, now bigger and better as a two-day event. “Splendour has become a cornerstone of Nottingham’s cultural identity, showcasing not only world-class acts but also shining a spotlight on our vibrant local music scene. Thanks to DHP Family’s incredible work, the festival brings major artists to our city, putting Nottingham firmly on the map as a hub for music lovers. “What’s just as important is the platform it gives to local talent, offering opportunities for Nottingham-based artists to perform on larger stages, in front of bigger crowds, helping them build their careers. “This festival is also a fantastic economic driver for the region, filling our hotels, restaurants, and supporting local traders. It’s a brilliant weekend for visitors and locals alike, with something for everyone, from major acts to family-friendly entertainment. “Splendour truly embodies the spirit of Nottingham which is dynamic, diverse, and community-focused.”

Law firm sees 13% growth following another year of strong revenues

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Law firm sees 13% growth following another year of strong revenues
Law firm Freeths, which has offices in Derby, Leicester and Nottingham, continues its consistent revenue growth as it publishes its financial results for 2023/24, delivering another year of double-digit growth with turnover up by 13% to £145.5m. The latest published accounts reveal a continuous upward trajectory for the firm with average annual turnover growth of more than 10% over the last five years and an increase of £16.7m over the last 12 months. Freeths attributes much of its financial success to its 1,200+ people, including 14 lateral partner hires in the last year alone, and the support of its clients. The business has also seen significant expansion across all main practice areas including high-end M&A, disputes, restructuring and insolvency, real estate and environmental and energy mandates. Over the last year its dispute resolution team has grown by 29%. The team, led by Partner James Hartley, has continued to fight for justice for the sub-postmasters involved in the original Post Office scandal, and is now advising postmasters and other people who are among the hundreds whose criminal convictions are being overturned as a result of the flawed Horizon IT system. Commenting on the results Karl Jansen, Freeths National Managing Partner said: “As we report on another year of strong performance, our success has enabled us to invest strategically in the future of the business. “This includes our investment in the latest market leading technologies such as AI, helping to enhance our performance across the firm, and yielding significant benefits for our clients.”

East Midlands businesswomen receive top awards for outstanding achievement

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East Midlands businesswomen receive top awards for outstanding achievement
Women with exceptional entrepreneurial skill, stand out apprentices and emerging leaders are among the recipients of the 2024 Enterprising Women Awards. Organised by East Midlands Chamber’s Enterprising Women network, the prestigious event took place at Leicestershire’s Winstanley House on 20th September. ITV presenter Emma Jesson, who has hosted the event every year since its launch over a decade ago, announced the winners, spanning ten categories, as well as two special recognition awards. The Businesswoman of the Year Award went to Andrea Gray, Managing Director of Leicester-based music licencing company PPL PRS. Andrea said: “What a huge honour to win this award – I’m absolutely blown away. There was some phenomenal competition in this category. I want to say a huge thank you to Enterprising Women and East Midlands Chamber who put on these awards, as well as Michael Smith Switchgear for sponsoring this category.” The Lifetime Achievement Award was presented to Lindsey Williams, formerly Chief Executive of Futures Housing Group and a former President of East Midlands Chamber. Judges described Lindsey as “an exceptional leader who has made a major contribution to the East Midlands business community for over 20 years. Lindsey has shared her expertise and experience to champion women in business, and who truly embodies the values of Enterprising Women.” Enterprising Women Co-Chair Eileen Perry said: “All I can say is – ‘wow!’ There are those moments in life where you have to take a moment, a few seconds to reflect and you feel so incredibly proud of the East Midlands and its businesswomen. “What we’ve seen right here this evening, evidenced as each and every one of our region’s winning women stepped up onto the stage, is that Leicestershire, Nottinghamshire and Derbyshire are blessed with women that aren’t just keeping a business ticking over; they’re leading. They’re leading change, they’re leading ideas and giving people inspiration. We’ve seen sheer hard work and determination shine. “We hold the Enterprising Women Awards each year to celebrate the very best of female business talent in the East Midlands and I extend my thanks to all of the sponsors who made this glitzy evening so memorable. I only wish there was an award for every one of the finalists as the standard was exceptional.” Enterprising Women co-chair Jean Mountain said: “Being able to stand next to these women that have done so much for women in business in the East Midlands is something that cannot be underestimated. We can all look up to, all learn from, and all aspire to be like the businesswomen that have been recognised at this ceremony. “While the network is ‘Enterprising Women’, winning an award is really elevating the role of women in business. It’s not just achievement; it’s attitude. The winners of these awards are women who don’t stand back – they’re generating new ideas and they’re influencing the people around them to achieve too. “The quality bar has been broken tonight as, once again, we’ve seen exceptional entries and I’ve no doubt the judges will have pulled their hair out during selection. In my mind everyone that entered is a winner, because by doing so you’re doing East Midlands women proud. I’d like to give my deepest thanks to the sponsors that helped make this a spectacular evening.” ITV presenter Emma Jesson, after the hosting the ceremony, said: “There’s so much innovation and resilience and it’s fantastic to see women in business across a wide range of sectors and backgrounds recognised, as well as ladies at different parts of their career journey, whether starting out in apprenticeship roles or already highly successful business leaders.”   Winners of the Enterprising Women Awards 2024: Social Commitment Award (sponsored by Tomato Energy) WINNER: Emma Sharpe – Menphys   Female Apprentice of the Year (sponsored by Futures Housing Group)  WINNER: Sarah Illsley – Pentaxia   Female Employee of the Year (sponsored by Nelsons) WINNER: Charlotte Barker – The Maynard   Emerging Leader Award (sponsored by Sarah Higgins Corporate Coaching) WINNER: Alice Houghton – The George Hathersage   She Who Innovates in STEM (sponsored by Pick Everard) WINNER: Elena Richards – Rolls Royce PLC   Female Entrepreneur of the Year (sponsored by Fraser Stretton Property Group) WINNER: Michelle Williams – Meesh Consulting   Small Business of the Year Award (sponsored by Unique Window Systems) WINNER: Design Studio Architects   Team of the Year (sponsored by Breedon Consulting) WINNER: Bodie Hodges Foundation   Businesswoman of the Year (sponsored by Michael Smith Switchgear) WINNER: Andrea Gray – PPL PRS   Lifetime Achievement Award (sponsored by Paradigm Wills & Legal Services) WINNER: Lindsey Williams   Enterprising Women Co-Chair Special Recognition Awards WINNER: Lai-Yee Cheung – Sanjay Foods WINNER: Laura Holland – EcoTech Engineers

Back-to-back fall in monthly insolvency figures, but conditions remain tough for Midlands businesses

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Back-to-back fall in monthly insolvency figures, but conditions remain tough for Midlands businesses
A back-to-back fall in the number of monthly company insolvencies in England and Wales is far more likely to be due to a seasonal lull than a significant improvement in trading conditions. This is according to the Midlands branch of insolvency and restructuring body R3 and follows latest monthly statistics published by the Insolvency Service which show that corporate insolvencies decreased by 8.9% in August to a total of 1,953 compared to July’s total of 2,144. Corporate insolvencies also fell in July – by 7.3% – but the drop followed a rise in June, when numbers increased by 15.7% compared to the previous month, and a 17.1% rise against June 2023. R3 Midlands Chair Stephen Rome, a partner at Penningtons Manches Cooper in the region, said: “The fall in corporate insolvency figures is likely to be a result of the traditional slowdown in appointments we see during the late summer and shouldn’t distract from the fact that businesses are still struggling and trying to manage high levels of debt at a time when trading remains difficult. “While the overall economic picture is gradually starting to improve, the market remains a challenging one, and managing costs is still very much a key concern for many directors. “From a sectoral perspective, retail sales increased over the summer, and construction output increased in July, but it remains to be seen whether this is enough to compensate for months of challenging trading conditions and whether the critical pre-Christmas trading period can provide the boost businesses badly need. “We therefore urge consumers and directors to remain vigilant about their finances and seek advice as soon as they spot any signs of distress. Most R3 members will give prospective clients a free consultation to learn more about their circumstances – and taking up that option when worries are at an early stage will provide more potential solutions than waiting until the problems become more severe.”

British Gas’ regional headquarters in Leicester put on the market

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British Gas’ regional headquarters in Leicester put on the market
British Gas’ regional headquarters in Leicester has been put on the market. Global real estate advisory firm, CBRE, has been instructed to sell the 89,230 sq ft office building on behalf of an institutional investor for offers in excess of £14,635,000. British Gas has occupied the building, called Spinneyside, since it was built in 2004. The company has just signed a new 10-year lease on the entire property until September 2034. Located on Grove Park, the business park for office and logistics occupiers, Spinneyside comprises modern, flexible office space, over three floors. The building has recently undergone improvement and refurbishment works, to provide the specification and amenity provision associated with modern occupier demands. Oliver Forster, senior director in CBRE’s investment properties team in the Midlands, said: “Spinneyside offers an opportunity to secure an investment let to an excellent covenant on one of the most prime out-of-town locations in the Midlands, at a time when offices are offering historically good value. “It’s also one of those rare buildings which offers several long-term asset management and development opportunities, due to its excellent connectivity, access to labour and the prominence of the site.”

Chamber calls on government to prioritise East Midlands planning asks as public consultation ends

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Chamber calls on government to prioritise East Midlands planning asks as public consultation ends
As an open consultation on national planning draws to a close, East Midlands Chamber is urging the government to act on the asks in its Manifesto for Growth, which include speeding up planning permission and bringing in the private sector to support local authorities. The government has already set out its own proposals, such as building 1.5 million new homes in the UK and widening the definition of brownfield land. Views can be expressed on an online portal until 24th September. East Midlands Chamber Chief Executive Scott Knowles said: “For the East Midlands to thrive, we can’t have businesses waiting on painfully slow decisions, delays and having to face high costs. As we approach the Autumn Statement, the government needs to ensure planning gets the total overhaul it needs. “The Chamber’s Manifesto for Growth outlines the need for joined-up thinking between planning departments to get things done, for private sector involvement which would mitigate against shortages of council staff and for easier access to the National Grid for renewable energy production. “The Autumn Statement must not let these things slip; reforming the broken planning system is critical to pave the way for job creation, investment and growth in the East Midlands.”

Multi-million-pound satellite and information firm joins Space Park Leicester

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Multi-million-pound satellite and information firm joins Space Park Leicester
A multi-million-pound satellite and information firm committed to solving problems on Earth has joined Space Park Leicester. With more than 12 satellites delivered and even more in its backlog, Open Cosmos is deploying a constellation of sensors to monitor the Earth, taking advantage of the latest technologies. The firm has launched two Earth Observation satellites this year: Hammer, in March, and Phisat-2, in August. Hammer, through a combination of Artificial Intelligence and Inter-satellite links, is able to retrieve near-real time information for coastal and high sea areas and other applications such as natural disasters. Phisat-2 is an ESA-Led 6U CubeSat designed to showcase the latest in-orbit AI that could further be used for Earth observation applications. Last year, Open Cosmos secured a $50m round to accelerate the development of DataCosmos, a collaborative data platform to task satellites, store, process and derive insights from satellite imagery. One of its unique features is its collaborative interface allowing scientists and analysts to develop their own algorithms using satellite imagery and other sources. At the end of last year, Open Cosmos was also awarded a £5m project from the Government’s Space Clusters Infrastructure Fund (SCIF) to expand its manufacturing and research and development capability for microsatellite and constellation markets, while extending data exploitation reach and expertise with organisations such as Space Park Leicester. As part of its efforts to strengthen links with the scientific community and collaborative approach for data exploitation, Open Cosmos has now joined the Space Park Leicester – the University of Leicester’s £100 million science and innovation park. Open Cosmos will be supporting the University with the development of the Elfen project as well as the exploration of new algorithms to exploit satellite imagery. Together with fellow Space Park Leicester resident business Meridian Space Command, Open Cosmos will be supporting the University with the development of the Elfen mission. The Elfen mission aims to measure the composition of the solar wind and plasma sheet in near Earth space. Open Cosmos is helping to quickly accelerate the mission design process, aiding Space Park Leicester scientists and engineers in building a testable CubeSat model. Adrian Martindale, Head of Space Projects and Instrumentation at Space Park Leicester, said: “It speaks volumes about Open Cosmos that it was awarded the SCIF funding last year – it is one of only a few businesses in the world that delivers end-to-end telecommunications, Earth Observation, navigation and scientific missions. “Satellite data from Open Cosmos is enabling organisations across the globe to address a range of challenges such as monitoring agriculture and logistics and tracking deforestation and biodiversity. “They design, build, launch and operate advanced satellites; enable organisations to access and share data and offer AI-powered data analysis from a growing range of satellite sources and analytic partners via its data platform DataCosmos. “We’re very proud that they have joined us at Space Park Leicester and we’re looking forward to working with Open Cosmos as they play their part in helping to make the UK’s satellite market more accessible and further establishing the UK as a global space leader.” Rafel Jorda Siquier, CEO and founder at Open Cosmos, added: “Our commitment to solving Earth’s challenges through advanced satellite technology aligns perfectly with the innovative spirit of Leicester’s space community. “By complementing our capabilities in Earth Observation mission and data analysis, we aim to support additional scientific missions and insights derived from satellite data. We’re excited to collaborate with Space Park Leicester to advance the UK’s position in the global space industry.”

The winners of the East Midlands Bricks Awards 2024 to be revealed next week

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The winners of the East Midlands Bricks Awards 2024 to be revealed next week
With the East Midlands Bricks Awards 2024 set to take place next week (Thursday 3rd October), there’s not long left to secure your seat at the prestigious event. The awards recognise and celebrate those behind the changing landscape of our region – the very best companies, teams, individuals and projects – showcasing the exceptional work carried out across the East Midlands over the past 12 months. They also present a prime opportunity to network with property and construction professionals from across the East Midlands over nibbles and complementary drinks. Attend the glittering awards ceremony at Trent Bridge Cricket Ground to see who takes home the title of Contractor of the Year, Developer of the Year, Commercial Development of the Year, Residential Development of the Year, Sustainable Development of the Year, Deal of the Year, Most Active Agents of the Year, Architects of the Year, Excellence in Design, Responsible Business and of course Overall Winner.

Tickets can be booked here.

The event, which will begin at 4:30pm and continue until 7:30pm, will also feature Paul Southby as keynote speaker. Paul is a partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema in Nottingham’s Lace Market, and a longstanding trustee of environmental charity Clean Rivers Trust. He is chair of Nottingham Partners, a group of businesses that supports the work of the local inward investment agency, Invest in Nottingham, and a board member and past chair of Marketing Nottingham and Nottinghamshire Limited. Paul is also a former High Sheriff of Nottinghamshire (2022/23).  

Shortlist for the East Midlands Bricks Awards 2024

Architects of the Year – sponsored by Mather Jamie IMA Architects Design Haus Architecture Matthew Montague Architects   Commercial Development of the Year – sponsored by Global HSE Group Brackley Property Developments – The Dock Extension, Leicester Pick Everard – Nottingham Central Library G F Tomlinson – The Air and Space Institute, Newark   Contractor of the Year – sponsored by EMEC Ecology Cawarden Clegg Construction Winvic   Deal of the Year – sponsored by Tutum Consulting heb Surveyors – The Oaks, Mansfield FI Real Estate Management – The Quad, Chesterfield Freeths – Former Boots factory site, Beeston   Developer of the Year – sponsored by IMA Architects Vistry Group East Midlands Indurent Wavensmere Homes   Excellence in Design – sponsored by Cawarden G F Tomlinson – The Air and Space Institute, Newark Design Haus – Musters Road Distinctive Developments – Woodwell and Meadow Barn   Most Active Agent – sponsored by Roy Geddes Bricks Rigby & Co FHP Property Consultants Salloway Property Consultants   Residential Development of the Year – sponsored by Devello Distinctive Developments – Woodwell and Meadow Barn Phoenix Brickwork UK LTD – IQ Nelson Court Chevin Homes – Chevin Close   Responsible Business – sponsored by Press for Attention PR Stepnell Ltd Cawarden Cora   Sustainable Development of the Year – sponsored by Viridis Building Services Ltd CPMG – Sir Peter Rubin Centre for Veterinary Education Henry Brothers Construction Ltd – Alfreton Park School Keepmoat – Gedling Green   The Overall Winner, sponsored by Blueprint Interiors, will also be announced at the ceremony, who will be awarded a year of marketing/publicity with Business Link worth £20,000.  
  East Midlands Bricks Awards 2024 When: Thursday 3rd October 2024, 4:30pm – 7:30pm Where: The Derek Randall Suite, Trent Bridge Cricket Ground Keynote speaker: Paul Southby, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, and former High Sheriff of Nottinghamshire Dress code: Standard business attire Tickets: Available at https://www.eventbrite.co.uk/e/east-midlands-bricks-awards-2024-tickets-902294566337?aff=oddtdtcreator Thanks to our sponsors:      

       

To be held at:

Business development coordinator joins Ascentant Accountancy

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Business development coordinator joins Ascentant Accountancy
Ascentant Accountancy has welcomed Adrian Peck as business development coordinator. Adrian brings a wealth of experience, having worked with another local accountancy practice, an experienced public speaker and has previously run his own business; experiences that allow him to see the challenges of Ascentant Accountancy’s clients – and connect with them. Adrian will be responsible for building business relationships, community engagement and raising the profile of Ascentant Accountancy through events, workshops and educational partnerships. Adrian said: “I look forward to working with Ascentant Accountancy and collaborating with such a great team. This opportunity allows me to contribute to the firm’s success while growing professionally. I look forward to working with Kevin and the team to deliver exceptional service to our clients and uphold the high standards that define Ascentant.” Director, Kevin, said: “We are really excited to have Adrian onboard with his enthusiasm and experience. He shares the values of Ascentant Accountancy and has plenty of engaging ideas to help the business achieve its goals and beyond.”

Agents assemble at Stoney Stanton Business Park

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Agents assemble at Stoney Stanton Business Park
Earlier this month, Business Link reported that planning consent had been granted by Blaby District Council for the development of Stoney Stanton Business Park in Stoney Stanton, Leicestershire. Stoney Stanton Business Park is being brought forward by Clowes Developments and its team including IMA Architects with a construction contractor to be announced in due course. FHP Property Consultants and Andrew + Ashwell have been instructed as agents on the scheme and are now actively promoting the business park which will see the creation of eight industrial/warehouse buildings, compromising of a combination of terrace and single units. When complete, Stoney Stanton Business Park will feature a range of units from 5,942 sq ft to 28,717 sq ft. All will be available to purchase or rent. Tim Gilbertson, Director at FHP, adds: “New build warehouse and manufacturing space in Leicestershire is so hard to find, particularly on a freehold basis, so having the ability to both offer property to rent and purchase at Stoney Stanton Business Park is fabulous. “Its location is great, within moments of Hinckley and the M69, and with our clients intending to build to their usual faultless specification, we are already encountering good interest in the scheme.” Kelvin Wilson at Andrew + Ashwell said: “Stoney Stanton Business Park is a welcome addition to the delivery of new build industrial accommodation within the county, after a lengthy period of very low supply levels. “With a strong local industrial market and a high-quality scheme to be delivered by Clowes, we do not expect the units to hang around for long.”

Tourism growth success for Blaby District

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Tourism growth success for Blaby District
Visitor spend across Blaby District has smashed the target set by the Council in its bid to make the area one of Leicestershire’s leading, most welcoming and sustainable tourism destinations. In Blaby District Council’s current Tourism Growth Plan one aim was to increase the value of tourism by £50 million on 2016’s baseline level of £159 million. Latest figures for 2023 show this target has easily been surpassed with visitor spend at an impressive £217 million. The growth in tourism spend is proving to be a springboard for wider economic prosperity across the District. Spend on accommodation, recreation and food and drink have seen the biggest rises. There has also been a significant increase in employment numbers despite difficulties faced by the sector. The other two main aims in the Tourism Growth Plan are to, by 2025, increase the number of visitors by 1.3 million – to 4.6 million and increase the number of tourism jobs by 40% to 2,770. As of the end of 2023 visitor figures were at 3.04 million and there were 2,508 jobs. As the existing Growth Plan ends the Council has started planning for 2025-2030. This includes a review of progress to date and consultation within the Council, the Tourism Partnership and key stakeholders, ready to launch in the new plan next year. Councillor Cheryl Cashmore, Blaby District Council Portfolio Holder for Health, Leisure, Climate and Economic Development, said: “We are delighted with the progress being made, especially since the latest data shows a strong recovery post-Covid in all areas. In particular it’s fantastic to see the growth in the value of tourism, surpassing our ambitious target already. “Our Tourism Growth Plan plays a vital role in moving forward the over-riding Blaby District Plan 2024-2028. It helps achieve our vision for Blaby District to be a great place to visit. It is also key to our priorities for ‘growing and supporting our economy’ and ‘keeping you safe and healthy’, by increasing visitor numbers, spend and employment in the District. “It will also play a pivotal role in the Active Travel Strategy, Community, Health and Well-being Plan and the Economic Development Framework, making Blaby District a welcoming and sustainable tourism destination for residents and visitors.”

Engineering specialist chooses Derby for new home

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Engineering specialist chooses Derby for new home
Engineering specialist, Bennett Engineering has relocated to Derby. Salloway Property Consultants completed the off-market deal after long standing clients, Ivygrove, started redeveloping a once forgotten corner of industrial units in Derby. William Speed of Salloway Property Consultants said: “I was aware that Ivygrove were redeveloping these industrial units at Parcel Terrace and that they would do an excellent job as always. It did take some persuading, but I knew all along that the property would be a perfect fit for Bennett Engineering!” Seleena Creedon, director of Bennett Engineering, added: “We were looking for Derby premises; Will had been helpful showing us a range of offices available however when we mentioned industrial units as being part of our future plan, he knew exactly what to show us to make them today’s plans! “Unit 5 was looking good when Will showed us around in May, we had lots of questions and Will was super helpful in answering them. The unit has been brilliantly renovated and this little area is thriving, it’s so busy each day which is a real buzz to be part of. “We’ve also managed to put our own stamp on the place already too with our vision of using a mezzanine floor as our design office space coming to life. This move has enabled us to add new services for Bennett Engineering’s clients including manufacturing and assembly which has already been well received. The Ivygrove team have been so helpful, and we couldn’t be more delighted to be Unit 5’s new tenants.” William Speed added: “This off market letting further confirms the fact that the industrial market in Derby is still experiencing high demand whilst stock levels can’t keep up. We would really recommend any property owner, landlord or owner occupier, to get in contact to discuss potential options with their property.”

Chesterfield accountancy practice acquired by Xeinadin

Stuart Pearcey
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Chesterfield accountancy practice acquired by Xeinadin
Chesterfield accountancy practice Smith Craven has rebranded following an acquisition by Xeinadin. Smith Craven, employing more than 50 in Chesterfield, Doncaster, Sheffield, and Worksop, will join Xeinadin under its Manchester Central and North region, led by KJG Xeinadin Group. Xeinadin is a firm of business advisory and accountancy practices in more than 100 locations across the UK and Ireland that provides over 40 service lines to over 50,000 clients, predominantly SMEs and their owner-managers. It was formed through a merger of the offices in 2019 and is now structured into 14 regional hubs, following dozens of new business acquisitions each year. With the power of a Top 20 accountancy firm behind them, they are able to enhance their client experience through collaboration across other Xeinadin offices and the phased approach to rebrand. Martyn Langley : “We are looking forward, and proud, to be moving to the next stage in the firm’s development, and to helping local businesses get the most out of the opportunities available to them. “Chesterfield is a great location geographically, and has a thriving business community. With the number of businesses, and help from the local professionals in the area (who work well together as a team), and the many transport links – the region is well-placed for exciting times ahead.

Greater Lincolnshire LEP Chair welcomes devolution announcement

Stuart Pearcey
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Greater Lincolnshire LEP Chair welcomes devolution announcement
The man leading the Greater Lincolnshire LEP has announced his support for the devolution deal for Greater Lincolnshire. Professor Neal Juster said: “The deal will move decision making and funding from Westminster to Greater Lincolnshire, which can only be a good thing for our economy. “In the long term it will bring around £4bn of extra funding to Greater Lincolnshire and, just as importantly, it will give our area a stronger voice and better access to the levers that drive our economy such as transport, jobs, housing and skills. This should lead to improved outcomes and greater prosperity for us all. “It will bring about new investments in infrastructure and skills to turbocharge business growth, tackle low productivity, protect our environment and unlock high-quality housing. “The extensive consultation carried out showed that most businesses support devolution, recognising that it has the potential to bring more power, more money and more say over public sector funding. It is essential that we retain a strong Lincolnshire business voice at the heart of the devolution deal. “We look forward to working with the government and closely with partners to put the new arrangements in place.”

Hinckley legal team take on tall challenge for children’s hospice

Tess Egginton
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Hinckley legal team take on tall challenge for children’s hospice
Colleagues from a Hinckley legal firm are taking to great heights to raise funds for Rainbows Hospice for Children and Young People. The team, from Thomas Flavell & Sons Solicitors, will aim to complete the Derby Cathedral Abseil on Saturday 5 October. They will scale 189 steps to the top of the cathedral’s tower, before climbing over the edge and abseiling the 212ft back down. They hope to raise £600 to help the charity continue to provide vital care and support to more than 750 babies, children and young people with terminal and serious illnesses. This is the first time the team, made up of Saher Iqbal, Associate Solicitor; Charlotte Jenkins, Solicitor; Lena Ormerod, Legal Secretary; Joanne Riley, Legal Secretary; Nicola Starbuck, Associate Solicitor and Lauren Jackson, Receptionist, have collectively taken on such a challenge. Joanne Riley, Legal Secretary at Thomas Flavell, said: “As a team we are really looking forward to our abseiling challenge next month, albeit we are all very nervous. It is certainly one for us to tick off the bucket list whilst raising lots of money for Rainbows. Bring it on! Go team TFS.” Lauren Baker, Rainbows Corporate Partnership Fundraiser, added: “We are so thankful to Team TFS for taking on this epic challenge. We really couldn’t be there for so many families, at the hospice, at hospital or at home, without this kind of support. We look forward to cheering them on.” To sponsor the team, visit https://www.justgiving.com/page/thomas-flavell-and-sons-abseiling

Lovedays becomes latest to join Oberoi Business Hub’s expanding law firm client portfolio

Tess Egginton
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Lovedays becomes latest to join Oberoi Business Hub’s expanding law firm client portfolio
Lovedays Solicitors has become the latest to join Oberoi Business Hub’s expanding law firm client portfolio. The growing firm has offices in Matlock, Bakewell, Wirksworth and, more recently, with Brooke-Taylors in Buxton and has appointed Oberoi Business Hub to handle their busy call handling function. The Pride Park-based Oberoi call handling team are ensuring that all incoming calls are answered quickly and professionally. Their service includes 24/7 and online live chat support as well as regular management reports to monitor the nature of incoming calls and the response efficiency. Lovedays Solicitors’ Managing Director Richard Roberts explained: “As a firm we pride ourselves on face to face personal service and decided to outsource call handling some time ago to enable our reception teams to focus on clients coming into the offices rather than their attention being diverted elsewhere. “Keen to use a local firm, we recently moved this important function from a national provider to Oberoi Business Hub where we now receive a far superior quality and more cost-effective service. “Investment in marketing is pointless if you cannot maintain consistently high levels of customer service, including ensuring that every call is answered quickly and efficiency. “Having a dedicated call handling service provided by a professionally-trained team is therefore vital in this day and age and the move to Oberoi Business Hub has been seamless with results proved from day one.” Oberoi Business Hub manager Jodie Brady continued: “Whatever our clients’ requirements, our call handling services are designed to be cost effective and flexible. “Our highly-trained team essentially become part of the customer’s in-house team. They ensure client communications are handling efficiently and professionally – creating the right first impression on behalf of our customers and relieving the pressure on individuals to be able to concentrate on their workload without interruption.” Founder and Managing Director Kavita Oberoi OBE concluded: “Lovedays Solicitors are very clear about the service they require and we were able to prove how our structured and professional approach stands up to stringent monitoring and evaluation. “We have many years’ experience working with law firms both through our serviced office network and with back-office services including call handling and are delighted to welcome Lovedays to the growing Oberoi Business Hub community.”

Business chosen to build Sea Road building in Cleethorpes

Tess Egginton
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Business chosen to build Sea Road building in Cleethorpes
JemBuild Ltd, based in Humberston, have won the contract to build the iconic Sea Road building in Cleethorpes. Committed to using local companies where possible, JemBuild have already been working with North East Lincolnshire Council on the retaining wall works behind the old beach safety offices. Once this has been completed, work will start on the main building. A new three-storey building will be constructed on the brownfield site on Sea Road, comprising retail or hospitality space, as well as new public amenities and a changing places facility. Work is ongoing to secure the pre-let agreement for the hospitality provider, which will be announced in due course. Paul Barker, Managing Director of JemBuild, said: “I am delighted to have secured this fabulous contract with North East Lincolnshire Council and look forward to working with NELC along with our construction partners, Hodson Architects and C2C Structural along with our local suppliers on this exciting project that will undoubtedly cement its place on the local landscape to become as iconic as its sister building, the prominent Pier.” Cllr Philip Jackson, Leader of the council, said: “This is great news for the area and it’s good to see things moving forwards. The Cleethorpes Masterplan, carried out by renowned consultants, Hemingway Design, has helped us create a vision for the future of the resort, based on what people who took the time to respond to the Masterplan want to see. And hundreds of people have been having their say about the future designs for Pier Gardens and Market Place in the last few weeks too.” Interrupted by COVID, the three-storey Sea Road building was granted planning permission in 2020, and promises to offer new high quality outside space, with public viewing areas as well as balconies. The first floor of the building will be accessible from Pier Gardens, giving a gracious nod back to how the pier was accessed when it was first constructed. Other elements of the building hark back to the Art Deco seaside style and the buildings constructed around the resort at that time, such as the small retail kiosks on Central Prom, and the former Electricity Board showroom on Isaac’s Hill. Work to deliver the three key schemes in Cleethorpes, the Sea Road building, Pier Gardens and Market Place, along with a small amount for signage, is being funded by HM Government.

Keepmoat signs lease on Alexandra Dock site in Grimsby

Tess Egginton
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Keepmoat signs lease on Alexandra Dock site in Grimsby
A lease that will result in new housing in the Alexandra Dock area of Grimsby has been signed with Doncaster-based homebuilder Keepmoat. The 6.25-acre town centre site bordered by Fisherman’s Wharf and the River Freshney will eventually see a community of around 130 homes with supporting commercial accommodation. The brownfield site has been the subject of consultation with developers in the housing market since November last year. This is a process where developers register an interest in the site, and then, through rounds of discussions, submit a final bid to take over the build lease of the site which then allows them to put in a planning application for their proposals. Investment worth about £7.8m to support the development at this site has already been secured through the Government’s Towns Fund, and the build will be supported by brownfield funding secured as part of the Greater Lincolnshire devolution deal. Cllr Philip Jackson, Leader of the council, said: “We want to create a place that connects the town and its community with its waterside, creating a fantastic urban living environment. “North East Lincolnshire must develop as a place where people want to live and work. If that does not happen, we risk stagnating as a borough. We’re committed to making sure that does not happen. “There’s a long way to go yet, and developments of this scale don’t happen overnight. But we are working to improve the town centre as a whole and this is part of that vision. “We want people who work in our borough to also live here as this will maximise the economic benefits to the area. “Step-by-step, along with other initiatives in the town centre, we’re changing how our town centre can be used safely, and enjoyed by everyone.” Ben Hindley, Regional Land and Partnership Director at Keepmoat, Yorkshire East, added: “We’re excited to be working in partnership with the Council to regenerate a large parcel of brownfield land and deliver new homes in Grimsby. “At Keepmoat we pride ourselves on supporting local authorities to achieve their housing targets and we are honoured to be the housebuilder of choice for this project, selected to create much needed quality housing stock for generations to come. “We are approaching the project in the Alexandra Dock area of Grimsby with healthy life principles in mind, to ensure the scheme is not only visually appealing, but has plenty of available green spaces for walking, cycling and spending time outside.”
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