Sunday, May 18, 2025

International company chooses Oberoi Business Hub for regional relocation

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DSP, a specialist database, cloud and applications managed service provider, has chosen Oberoi Business Hub in Pride Park as its new regional office. DSP, which also has UK offices in London and Leeds as well as bases in Dublin, USA and Canada, has relocated its sales and marketing function, and some of its technical function, to serviced offices at Oberoi Business Hub in Pride Park. DSP head of business operations John Cronshaw explained: “We were previously based in leased offices in Nottingham but were looking for a new regional base to accommodate the growing number of employees who are returning to the workplace having previously worked remotely. “Oberoi Business Hub is the ideal solution for our sales and marketing team which is a particularly collaborative function within our people-first culture as well as some of our technical delivery. “It is easily accessible by road and rail and provides excellent facilities and office accommodation with flexible options for the future.” Oberoi Business Hub manager Jodie Brady continued: “We are proud to have been able to respond quickly to DSP’s requirements and facilitate a smooth transition for the team – proving from day one that our goal is to take care of the details so that businesses can concentrate on their own operations.” Founder and managing director Kavita Oberoi OBE concluded: “DSP’s relocation to Oberoi Business Hub reflects the growing requirements for businesses of all sizes to have high quality serviced office accommodation with a prestigious business address.”

763 new homes get green light at Top Wighay, Hucknall

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Vistry Group, the provider of affordable mixed-tenure homes, has been given the green light to build 763 much-needed new homes at Top Wighay, Nottinghamshire with almost £6m committed to bolstering local services. Situated approximately 2km north of Hucknall town centre and to the east of Annesley Road (A611), the £191m development, granted outline planning permission in April 2021, is part of Nottinghamshire County Council’s (NCC) flagship mixed-use scheme. The 86-acre site, contracted in 2023 with NCC and earmarked for development for more than a decade, will also include 21 acres of employment land, a local centre with retail offering and a new primary school. The East Midlands Vistry team is poised to start work on the 763 two-, three-, and four-bedroom homes, maisonettes and apartments. Of the new homes, 269 will be much-needed affordable properties, 97 will be available through PRS providers and 397 will be on sale on the open market through Vistry’s Linden, Bovis and Countryside brands. In addition to new housing, the development will also offer benefits to the wider community, with £4m earmarked for future investment and £6m designated to bolstering local services. This includes £436,000 towards healthcare, £4,750,000 for education and £800,000 for highways and bus improvements. The benefits also include new parks, sports facilities, wildlife corridors, pedestrian and cycle routes, a new primary school, and an on-site Skills Academy in partnership with Chameleon School of Construction. This innovative training initiative will aim to encourage local people not in employment or training back into work. Andy Reynolds, Managing Director of Vistry Group’s partnerships division in the South East Midlands, said: “We are delighted to have secured reserved matters planning consents which enable us to start work on these much-needed new family homes at Top Wighay. Over the past year we have consulted with the community to finalise the details of the scheme and ensure it meets local people’s needs. “Our team cannot wait to start building a fantastic community of high-quality properties for people in the area to call home.” Work is expected to start on site in spring 2025.

East Midlands business confidence sees September dip

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Business confidence in the East Midlands fell 13 points during September to 39%, according to the latest Business Barometer from Lloyds Bank Commercial Banking. However, companies in the East Midlands reported higher confidence in their own business prospects month-on-month, up seven points at 57%. When taken alongside their optimism in the economy, which dropped 31 points to 22%, this gives a headline confidence reading of 39% (vs. 52% in August). Looking ahead to the next six months, businesses in the East Midlands identified their top target areas for growth as investing in their team, for example through investing in training (45%), evolving their offering, with the introduction of new products or services (42%) and entering new markets (36%). The Business Barometer, which surveys 1,200 businesses monthly, provides early signals about UK economic trends both regionally and nationwide. National picture Overall UK business confidence in September dipped slightly, to 47%, down from August’s 50%. Though there was a marginal increase in their own trading prospects (up two points month-on-month to 54%), firms’ confidence in the overall economy dropped nine points to 38%. The joint-most confident regions in the UK were the West Midlands and London, both reporting overall confidence of 59%. Only Northern Ireland, Wales, London, the South West and North West reported an increase in overall confidence. Sector insights Projections for output were mixed across the sectors, with some showing significant changes from previous results. In construction, the sharp increase last month was largely counteracted by a drop in expectations in September, falling by 12 points to 46%. Similarly, in manufacturing, trading prospects fell for a second month to 53%, although this figure is still stronger than the year-on-year figure. However, the falls in manufacturing & construction sectors were more than offset by a small rise in retail and a bigger rise in the dominant service sector. Dave Atkinson, Regional Director for the East Midlands at Lloyds Bank Commercial Banking, said: “Despite an overall dip in confidence, businesses’ optimism in their own prospects has rebounded, a promising sign of on-the-ground success. “Coupled with a clear determination to hone in on particular areas for expansion – like staff training and diversification – these results paint a picture of quiet confidence in the region, in spite of wider economic challenges. “And regional businesses’ focus on evolving their offering and entering new markets isn’t just theoretical, as a recent study by the East Midlands Chamber and Derby Business School found that the number of businesses that have made income from environmentally friendly goods and services increased by 7% in the last year. “As even more businesses take this leap, Lloyds Bank will continue to offer on the personalised, on-the-ground support that they need.”

Fintech company to acquire Nottingham lender in $71m deal

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Propel Holdings, the Canadian fintech company, has entered into a definitive agreement to acquire Stagemount, trading as QuidMarket, the Nottingham-based digital only consumer lender specialising in providing short-term installment loans.
The existing management team at QuidMarket will continue to operate the business on a go-forward basis. The $71m deal is an important step in Propel’s global expansion strategy. Since its initial public offering in October 2021, Propel has continued to broaden its product and geographic offerings with the introduction of Fora Credit in Canada, Lending-as-a-Service partnerships in the US, and, most recently, an embedded lending partnership with KOHO in Canada. QuidMarket has served UK consumers since 2011. A fully online, lending solution, QuidMarket is built on scalable and flexible technology that has originated over 310,000 loans in the UK since beginning operations in 2011. Supported by Propel’s AI technology, financial and operational expertise, and capital resources, QuidMarket is expected to accelerate its growth. “The acquisition of QuidMarket will accelerate Propel’s growth and is a critical step in our journey to becoming a global leader,” said Clive Kinross, Chief Executive Officer, Propel. “When we went public three years ago, we set a goal to grow globally. As disciplined operators with a track record of profitable growth, this acquisition had to meet our strict acquisition criteria including a favourable operating jurisdiction, a strong cultural fit and to be financially accretive to our shareholders. “QuidMarket serves a market of more than 20 million underserved consumers in the UK where the demand for credit far exceeds supply. Backed by Propel’s AI-powered technology, financial and operational expertise, and capital resources, we believe QuidMarket will be able to accelerate its growth while broadening access to credit for more underserved consumers. “The QuidMarket team has demonstrated deep experience and a customer focus that sets them apart. United by a shared purpose, together we will build a new world of financial opportunity for consumers globally.” The acquisition is expected to close in either Q4 2024 or in early Q1 2025.

Connect with the property industry this Thursday at the East Midlands Bricks Awards 2024!

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Taking place on Thursday 3rd October, the highly anticipated East Midlands Bricks Awards 2024 is just days away. Set to celebrate the region’s property and construction industry, the event at Trent Bridge Cricket Ground is also an ideal networking opportunity, presenting a chance to form new connections with business leaders from across the East Midlands, as well as hear from guest speaker Paul Southby. 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). Attend the glittering awards ceremony 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, and Responsible Business. The Overall Winner will also be revealed at the event, sponsored by Blueprint Interiors, who will be awarded a grand prize – a year of marketing/publicity with Business Link worth £20,000. Chloe Sproston, Creative Director at Blueprint Interiors, shared: “We’ve been involved in the awards since 2019 either as an award nominee or a sponsor. We continue to be impressed with both the quality of award submissions, but also the event, which attracts the elite of our region’s construction and property professionals. “This year, we’re particularly excited to sponsor the overall winner category, further demonstrating our commitment to showcasing the very best talent in the region’s property and construction industry.” A highlight in the business calendar, book your place at the awards now to avoid disappointment! The event will begin at 4:30pm and continue until 7:30pm. Complementary drinks and nibbles will be served on arrival. Dress code is standard business dress.  

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:      

       

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J25 business park reaches full occupancy

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The latest letting at Interchange 25 Business Park by FHP has resulted in full occupancy on the site. The final ground floor office suite was let to WHP Trust Ltd, the newest tenant to arrive on the business park, further enhancing the diverse range of occupiers. FHP recently secured the first floor tenants at Unit 5 Interchange earlier this year to Equans Ltd. Interchange 25 Business Park is situated just off Junction 25 of the M1 Motorway and the A52 which connects Nottingham and Derby. The park comprises a development of 8 self-contained detached office buildings. Amy Howard from FHP Property Consultants said: “I am thrilled to have secured the final letting with WHP Trust, achieving full occupancy on-site for our client. The business park has remained consistently popular throughout the years we have marketed these office suites and continuing our client’s success by attracting strong tenants. “It was always a risk to split the floor plates on a floor-by-floor basis on Unit 5 with Equans occupying the first floor, however, the level of interest and enquiries during the short marketing period stayed strong to secure us a tenant. It is encouraging to see the demand for out-of-town business parks remain consistent, helping to revitalize the office market and encourage take up. “I had been in discussions with WHP Trust for several months prior to securing this office space for them. From the first viewing at Interchange, it was evident that the unit suited all their requirements and needs, and solicitors were soon instructed. It has been a pleasure to assist them throughout their search and I wish them every success in their new office premises.” A spokesperson for Interchange said: “As always, it is great to see the site reach full occupancy and the diverse range of tenants that we have on-site. FHP Property Consultants have done an excellent job in securing another tenant for Unit 5 to achieve this. We are continuing to listen to tenants’ needs and requirements so we can make the park suitable, keeping them tenants for a number of years to come.”

Clowes Developments launch Mansfield mixed-use development scheme

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Clowes Developments have unveiled their plans for Pleasley Hill in Mansfield, which will provide a mixed-use development scheme prominently set just to the north-west of Mansfield Town Centre. The 35-acre site, which is being marketed by FHP Property Consultants and Fisher German, offers potential for a wide range of end occupiers on both a freehold and leasehold basis. With outline planning consent in place for a range of users, it is anticipated that over 300,000ft² of space will be developed together with a further 850 homes, which will augment the commercial development element and provide much needed residential development in the area and potentially supply additional labour for the commercial occupiers. Marc Freeman, Development Director at Clowes Developments, said: “The combination of 850 homes and up to 300,000ft² of commercial space at Pleasley Hill is a very exciting opportunity that we are delighted to bring forward. “We have appointed FHP Property Consultants and Fisher German to act on our behalf here and we are confident that they can provide us with a range of industrial, manufacturing and logistics users, petrol filling station, retail and leisure facilities in line with our outline planning consent and we will support their efforts by turning around proposals for occupiers quickly to try and create a best in class development in this north Nottinghamshire location. “We are excited to see the scheme move forward and from the initial discussions our agents have had, we are confident that this scheme will be a success in 2025 and beyond.” Tim Gilbertson of FHP Property Consultants said: “It’s great to see Clowes yet again put their money where their mouth is and bring forward this fabulous scheme which will offer a range of uses in a prominent position just to the north-west of Mansfield Town Centre. “Well located, prominent and very easily accessible from both the centre of Mansfield and M1 motorway, this scheme really does tick all the boxes and we are expecting interest from occupiers looking to buy or rent space across a range of uses. “Both our roadside retail/leisure and industrial/warehouse teams will be involved with this development, highlighting again the range of uses the scheme can accommodate.” Rob Champion of Fisher German added: “Likewise, we can’t wait to get stuck into this development and it’s a pleasure to act on behalf of Clowes Developments once again. “We have seen the growth in and around Mansfield in recent years and with this scheme providing additional housing plus employment facilities, it will bring much needed jobs and development to the area serving the future housing to be developed but also the existing neighbourhoods to the north-west of Mansfield. “The scheme’s main road prominence and ease of access from the surrounding areas leave us confident in our ability to quickly find new occupiers wanting to take advantage of a great location and a developer who is ready and raring to develop and bring prosperity to the region.”

Exosens invests £1m to propel research and innovation with Space Park Leicester

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A pioneer of technology used across the Solar System, Exosens – through its brand Photonis – has invested £1 million to advance space research and innovation facilities in collaboration with Space Park Leicester. Exosens has worked with University of Leicester academics for more than 25 years and more recently it forged a relationship with the university’s science and innovation hub, Space Park Leicester, working alongside it on technology which is being used in some of today’s most exciting space missions. It has now invested £1 million, through funding and other support, contributing to the creation of a Centre of Excellence in Optics Design and Manufacturing at Space Park Leicester. This funding will enhance the METEOR space programme which brings together more than 100 researchers and industrial research and development personnel working on Earth observation and the challenges facing the space sector’s evolution. Dr Adrian Martindale, Head of Space Projects and Instrumentation at Space Park Leicester and a Lecturer in Space Instrumentation at the University of Leicester, said: “Photonis’ technology is the enabler for certain types of scientific instruments and as a result its technology is on lots of space missions and is all over the Solar System. “Exosens is supporting us to help develop the quality of the product and the performance of the technology, to push us into the next generation of projects. We have aspirations in space and they have aspirations for a market on the ground and by working together we hope to take both of these things forward.” Chris Tisse, Chief Technology Officer at Exosens, said: “We are proud to support cutting-edge space research at Space Park Leicester. This significant investment reflects our commitment to advancing the technology that powers groundbreaking space missions and innovation. By working together with the brilliant minds at the University of Leicester, we aim to push the boundaries of what’s possible in both space exploration and Earth-based applications.” Leicester space academics worked with Photonis on detector systems and together they developed an entirely new X-ray optic. Photonis’ technology was the cornerstone of Space Park Leicester’s Mercury Imaging X-ray Spectrometer (MIXS) instrument which is on its way to Mercury on the European Space Agency’s BepiColombo mission. Dr Martindale said: “Photonis’ technology is absolutely crucial to the development of that instrument. Essentially, MIXS will help to measure the X-rays that are emitted from the surface of the planet and by measuring them we’ll be able to figure out what the rocks on the surface are made of. This will tell us how the planet formed and we’ll see whether that fits in with theories about how the Solar System formed.” The optic Photonis developed with Space Park Leicester has also led to Leicester’s space scientists working on several more significant missions. These include SVOM (Space-based multi-band astronomical Variable Objects Monitor), which is dedicated to the study of the most distant explosion of stars, and SMILE (Solar wind Magnetosphere Ionosphere Link Explorer) which is a wide-field X-ray telescope that uses micropore optics to spectrally map the location, shape and motion of Earth’s magnetospheric boundaries. Dr Martindale added: “Photonis’ technology will answer questions about Mercury and as a result questions about planetary science, it will answer questions about astronomy through SVOM and it will answer questions about the Earth through SMILE.”

Healthcare services provider secures new contract and extension valued at £6.1m

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Totally, the Derby-based provider of frontline healthcare services, corporate fitness and wellbeing services, has been awarded a new contract for insourcing services and a contract extension for the delivery of NHS 111 online services; both contracts are for the North of England.

The insourcing contract, to be delivered by Pioneer Healthcare, is a further expansion of Totally’s footprint across the North of England. The contract, valued at £5 million will enable the treatment of patients across multiple medical specialties, including outpatients and day cases. This new contract will be mobilized immediately and the work delivered by end of March 2025.

Totally has also been awarded a contract extension for existing services delivering NHS 111 “Speak to” and online dispositions for a Trust in the North East of England. The contract runs from 1 April 2024 to 30 September 2025 and is valued at £1.1 million.

Wendy Lawrence, Totally CEO, said: “These two contracts demonstrate how we can support this for patients across the UK – making sure patients can access help when they need it, and increasing capacity so that no one waits longer than they need to for essential treatment.”

Government funding secured setting the scene for two cultural projects in Derby

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Government funding has been secured for two key cultural projects in Derby, paving the way for the restoration of the historic Guildhall Theatre, and Derby Theatre’s redevelopment project. Sign-off of £20 million of UK Government funding, which was put on hold when the General Election was called, has now been confirmed by the Ministry of Communities, Housing and Local Government (MCHLG). Partners Derby City Council, the University of Derby and Derby Theatre will now work to develop their plans for the two buildings. Half of the funding, £10 million, will go towards bringing the Grade II listed Guildhall Theatre back into use. Further funding has been allocated from the Council’s capital budget, and opportunities for match funding are being explored. Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said: “It is fantastic news that this much-needed funding has been secured for our city. Now we can look towards restoring one of our historic buildings and create more space for community-led arts groups to perform right in the city’s cultural heart.” The other half of the funding will go towards a new accessible and flexible studio theatre adjoining the current building at Derby Theatre. In addition, a new Learning and Research Hub will develop further the undergraduate and postgraduate offer to study theatre in a professional setting and give more space to Derby Theatre’s expanding community programme. Professor Kathryn Mitchell CBE DL, Vice-Chancellor of the University of Derby, said: “We are delighted that plans to develop Derby Theatre are progressing forwards. “The Theatre plays a vital role in the creative and cultural ecology of our city and is a key part of our university. As a professional, producing and learning theatre, it provides our students with a unique and valuable opportunity to study alongside professionals. “We are fully committed to supporting Derby Theatre and the regeneration of our city and look forward to continuing to work with partners on this project.” Sarah Brigham, CEO and Artistic Director of Derby Theatre, said: “These new facilities will enable us to expand and embed our community programmes into the heart of the theatre, become a hot house for artistic talent in the city and develop work which suits a more intimate setting. At a difficult time for artists and cultural venues, we are delighted by this vote of confidence in Derby Theatre.”

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