Staffline secures significant strategic partnership with food and drink logistics provider
Strong lending growth marks 2024 performance for Cambridge & Counties Bank
Cambridge & Counties Bank reported a 15% year-on-year rise in gross new lending for 2024, reaching £376 million. The growth was driven by continued property and asset finance strength, despite a cooling interest rate environment.
The bank’s pre-tax profits stood at £35.8 million for the year. Property finance drawdowns totalled over £285 million, marking a third consecutive year of growth in that core segment. Asset finance lending rose sharply, up 39% to £89 million.
Finance for classic, vintage, and sports cars increased notably, climbing 41% to £72 million. Customer loan balances rose 11% to £1.23 billion, while customer deposits grew 10% to £1.27 billion.
The lender invested heavily in operational infrastructure during the year, including new offices in Manchester and Reading to support asset finance. Headcount increased by 8%, ending the year with 243 employees.
2024 also saw the expansion of its lending portfolio with new offerings such as development finance and more fixed-rate products. The bank continues to focus on SMEs and underserved segments of the UK market, aiming to support business investment and property growth.
Mansfield secures £1.58 million to back business growth and local initiatives
Mansfield District Council has been awarded £1.58 million from the UK Shared Prosperity Fund, with funding allocated via the East Midlands Counties Combined Authority. The investment will support business development, workforce upskilling, community grants, and local events.
This round of funding is part of the wider £2.6 billion UK Shared Prosperity Fund, which aims to reduce regional disparities and boost economic performance across the country. The financial package was reviewed during a council meeting in early May.
Acquisition sees The Access Group expand ERP software offering
Greencore’s £1.2bn Bakkavor acquisition takes step forward
Pepsico invests in sustainability at Leicester factory
New letting sees commercial property agents Rushton Hickman find own new neighbour
Charles Clowes Decade Dinner raises over £62,000 for Macmillan Cancer Support
Nottingham investigative tech firm makes senior appointment
UK migration reforms raise pressure on skills development
The UK Government’s latest migration reforms are drawing criticism from the business community. Industry groups warn that they could intensify existing labour and skills shortages unless backed by a robust domestic workforce strategy.
The new rules, outlined in a white paper, include tighter criteria for skilled worker visas, a higher English language requirement, an increase in the qualifying period for settlement to 10 years, and a cap on post-study work visas for graduates to just 18 months. The care worker visa route will also be closed entirely.
These changes are expected to significantly restrict the flow of overseas workers into key sectors such as health and construction, industries already facing serious recruitment gaps.
According to data from the East Midlands Chamber, nearly 70% of regional firms reported difficulties filling both skilled and non-skilled roles in recent quarters. Businesses are calling for investment in training infrastructure, including reforms to the apprenticeship levy, to provide more flexibility and align with labour market needs.


