Vistry Group signs deal to deliver 60 new homes for Northampton

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Vistry Group, the provider of affordable mixed-tenure homes, has sealed a £15 million deal to bring 60 new homes to Towcester Road, Northampton, in partnership with emh Group. The site already has Outline planning permission and the application to approve the Reserved Matters has recently been submitted. This new development will consist of 2-, 3-, and 4-bedroom homes. Set in the heart of south-west Northampton, this project has been planned by Vistry, working under its Countryside Partnerships brand, to strike a balance between family-friendly housing and green open spaces. As well as catering to the diverse housing needs of the area, the project will also include over £550,000 of investment in the local community. Andy Reynolds, Managing Director of Vistry South East Midlands, said: “We are thrilled to be working with emh on this development which will not only meet the housing needs of the community but will also blend with the local environment. “We’re excited to be a part of Northampton’s growth and to be entrusted with the build of these much-needed new homes which will contribute to the unique character of the area as well as releasing over half a million pounds of investment in local services to create a thriving and sustainable community.” Chris Jones, executive director of development at emh, said: “We’re proud to be working alongside Vistry Group to provide this new affordable home development in Northampton. “The scheme has been thoughtfully designed to meet the needs of local people, with community, green spaces and the environment in mind. We look forward to seeing the development progress in the coming months.”

Derby business owner prosecuted over counterfeit t-shirts

A Derby man, prosecuted for producing and selling counterfeit t-shirts for around four years, will have to use equity from the valuation of his property towards paying back the rewards of his crime. In September 2023, Mr Juri Frolov was sentenced to four months imprisonment, suspended for 18 months, and an application made under the Proceeds of Crime Act to recover any money he made from the illicit business. Some of this is now set to be paid from Mr Frolov’s share of equity on a house purchased through the Right to Buy scheme, following a hearing at Derby’s combined court centre on Thursday 11 January. The total benefit amount of £36,891.61 can only partly be met through the release of Mr Frolov’s equity in the property and the sale of seized items, including a heat press, printer and blank t-shirts. Together, these total £22,640, leaving a further £13,000 to be found. Councillor Shiraz Khan, Cabinet Member for Housing, Property and Regulatory Services, said: “This case is a perfect example that crime doesn’t pay, and shows that we are prepared to use whatever powers necessary to tackle illegal activity in Derby. “This type of firm action through the courts serves as a warning and deterrent to anyone operating criminal enterprises in the city.” Mr Frolov was prosecuted in September 2023 after printing and selling T-shirts of famous brands without the consent of the trademark owners. Investigations discovered he had been selling the T-shirts for around four years leading up to December 2019, when a search warrant was carried out at his home in the Arboretum area of Derby City. Trading Standards seized equipment including a T-shirt printer, a large amount of blank T-shirts, and customer returns. The shirts were advertised on eBay and printed to order from Mr Frolov’s home address. Previously Mr Frolov had received a letter from an anti-counterfeiting organisation requesting him to stop selling T-shirts which were produced without the consent of the trademark owner. He had failed to acknowledge the content of the letter and take appropriate action to stop producing and selling the T-shirts.

D2N2 LEP secures funding for next wave of Skills Bootcamps

D2N2 Local Enterprise Partnership (LEP) has been delivering Department for Education funded Skills Bootcamps, which have been developed by the Government as part of the Skills for Life programme. Following successful applications in four previous waves of Skills Bootcamps, D2N2 LEP has secured almost £5 million funding from the Department for Education to boost and broaden its Skills Bootcamps offer, as part of the fifth wave of Skills Bootcamps allocations. Funding of £4,967,950 represents an increase of almost £1.5 million on D2N2 LEP’s previous allocation in Wave 4 (£3.5 million). Skills Bootcamps are free, flexible courses of up to 16 weeks for adults aged 19 or over. They give people the opportunity to build up valuable sector-specific skills based on local employer demand and provide a direct path to a job on completion. With this funding boost D2N2 LEP intends to broaden the range of sectors that its Skills Bootcamps support. For example, it will for the first time, offer Skills Bootcamps in leadership and management for small and medium sized enterprises (SMEs). D2N2 LEP will also work with providers to offer a wider range of Skills Bootcamps programmes in its priority areas of digital, construction, engineering and green skills (construction and electric vehicles). As the lead partner, D2N2 LEP will be working with Derbyshire County Council to open the procurement window to allow providers to apply for delivery contracts for Wave 5 Skills Bootcamps programmes. D2N2 LEP will make an announcement as soon as this window opens, expected to be later this Spring. Employment and Skills Manager, Richard Kirkland, said: “I’m absolutely delighted that we’ve succeeded in our application to be a Wave 5 Skills Bootcamps provider, following our successful track record of delivering Skills Bootcamps in all four of the previous waves. “It’s fantastic that through the increase in funding we’ve secured, we’ll be broadening our offer to include new programmes, such as leadership and management for small and medium sized businesses. “This is really positive news as I look back on my 40 year career in education and skills and prepare to retire; it’s such a proud moment for me. I would like to thank all my colleagues, all our providers and partners for their support over the years and I wish all the Skills Bootcamps learners all the very best in their future careers.”

Derby business calls for applications to community growth programme

A local business is offering to mentor and support companies, charities and non-profit organisations who are making a positive impact in Derby.

Called the Community Growth programme, the initiative is being led by Bev Wakefield, owner of Vibrant Accountancy. It is open to those who can demonstrate the potential for significant impact in the city, and comes after a successful pilot scheme with Bridge the Gap; an organisation that supports children’s mental health.

Bev said: “I am very excited about the Community Growth programme and we have already had significant interest.

“It is open to businesses, not-for-profit organisations and charities that not only seek to elevate their own success but also aspire to make a significant and positive impact on the Derby community.

“This is our way of giving back; by helping others to achieve their goals and make a difference to our city.”

One deserving organisation will be carefully chosen by the Vibrant team in February. That organisation will go on to receive tailored business support that includes strategic planning sessions, cash flow forecasting, mentoring and regular profit and cash flow improvement meetings.

Bev said: “The sessions will be tailored for the business, focussing on their specific pain points and challenges, and helping with opportunities from managing cash flow, profit improvements and fine tuning their personal and business goals.

“Vibrant Accountancy’s mission statement is to make an impact, and that’s what we hope we can do with the Community Growth programme.”

Jennifer Wyman is the founder and creative director of Bridge the Gap. She praised Vibrant Accountancy for being ‘an invaluable partner’ and for the part they have played in the success of the organisation.

She said: “Vibrant Accountancy has played a crucial role in not just managing our finances, but truly understanding our mission to support child mental health.

“Their team has gone above and beyond, seamlessly integrating into our vision and becoming an integral part of our success story.

“The level of commitment and dedication displayed by Vibrant Accountancy is truly commendable. They have not only assisted us with decision-making processes but have also provided insightful forecasting that has allowed us to plan effectively for the future.

“Their ability to ask pertinent questions has been instrumental in shaping our strategies and ensuring the sustained growth of our organisation.

“Thanks to Vibrant’s support, we have been able to bridge gaps in our operations, enhance our financial efficiency and ultimately channel more resources towards providing support to families in need.

“I’d encourage anyone who wants to make a difference in Derby, and who needs that little bit of support to apply for the Community Growth programme.”

Deadline for applications is January 26, 2024.

Leicestershire businesses encouraged to grow with government scheme

Small and medium-sized businesses in Leicestershire are being urged to take advantage of a government-funded scheme designed to boost leadership skills and business performance in 2024. The Help to Grow: Management Course at De Montfort University’s Leicester Castle Business School (LCBS) runs for 13 weeks from March 12. The programme, worth £7,500, is 90% funded by the government and 10% through a bursary from Leicester Castle Business School, however places are limited. Delivered online and in person at Harborough Innovation Centre in Market Harborough, Help to Grow: Management is delivered by expert tutors with real world business experience and is designed to fit in alongside full-time work. Combining online and case study workshops, 1-2-1 mentor support and peer networking, the programme covers key areas for development. These include leading innovation in your business, developing a growth plan, managing and motivating your team, building resilience as a leader, creating new opportunities and leading a culture of responsible business practice. As well as the chance to learn practical skills from business experts, the course offers the opportunity for businesses in different industries and at different stages of their development to learn from each other by sharing experience and offering support. “As a Small Business Charter accredited business school, we’ve been helping businesses across a wide range of sectors grow and develop through Help to Grow: Management since 2020,” says LCBS’s Help to Grow: Management programme director, Dr Danny Buckley. “While over 200 businesses from our region to date have taken advantage of this chance to grow their business, it remains the case that some organisations are still unaware of this fantastic, fully-funded opportunity. So, with some places still available for this spring’s cohort, we’re encouraging businesses in our region to join us for this limited-time opportunity to take their company to the next level in 2024.” To be eligible for Help to Grow: Management at LCBS, participants must have decision-making responsibilities and at least one direct report in a UK-based business with between 5 and 249 employees that has been operational for at least a year. Help to Grow: Management also offers participants an important space to reflect on the bigger picture with their business by devising a tailored Growth Action Plan, supported by a carefully matched mentor. 2023 participant Leanne Martin, director of Tenders UK, says: “The focus is on what’s practical, workable and useable for your business. With the help of my mentor, who was wonderful in supporting me to come up with a plan based on realistic expectations, I’m now thinking strategically about the business and where it’s going next. This means I’m now confidently leading the company with a clear vision and plan.” Nationally, 90% of participants reported improved leadership and management of their business after six months, with 80% stating employee engagement had improved in the same time period following Help to Grow: Management. “As a tried and tested provider of Help to Grow: Management we’re proud of our strong roots in vocational education and we’re looking forward to delivering more great results for businesses in our community this spring,” adds Dr Danny Buckley.

“Particularly volatile” festive period for Watches of Switzerland Group

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In a new trading update, Watches of Switzerland Group has detailed a “particularly volatile” festive period, with consumers turning away from the luxury sector to shop in categories such as fashion, beauty, hospitality and travel. Watches of Switzerland Group noted that despite a positive start to the early part of Q3 FY24, it then experienced a volatile trading performance in the run-up to and beyond Christmas, as challenging macro-economic conditions impacted consumer spending in the luxury retail sector. The business now expects these challenging conditions to remain for the balance of its fiscal year. While sales in the US remained strong with continued double-digit growth, the UK was more challenged. This impacted a broad range of luxury watch brands and non-branded jewellery. In light of the recent challenging trading conditions and based on a more cautious view of the outlook for the remainder of the fiscal year, Watches of Switzerland Group is revising its full year guidance for FY24, which assumes no recovery in consumer demand. Brian Duffy, Chief Executive Officer, said: “The festive period was particularly volatile this year for the luxury sector, with consumers allocating spend to other categories such as fashion, beauty, hospitality and travel. Whilst we are disappointed with this trend, we are encouraged by our market share gains in both the US and UK. “I would like to thank our colleagues for continuing to provide high quality service and support to our clients against this challenging backdrop. We remain confident in the markets in which we operate, our model and the delivery of our Long Range Plan announced to the market in November 2023.”

Chesterfield packaging manufacturer anticipates slight revenue dip as worst of downturn with customers passed

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Robinson plc, the Chesterfield-based manufacturer of plastic and paperboard packaging, is anticipating a slight dip in revenue for 2023. In a new trading statement, released prior to the announcement of its final results for the year ended 31 December 2023, the firm noted that revenue for 2023 is expected to be £49.6m, which is 1.8% below the prior year. After adjusting for price changes and foreign exchange, sales volumes are 6% lower than in 2022, however, the company said it was “pleased to report” that 2023 operating profit before exceptional items and amortisation of intangible assets is expected to be ahead of 2022, and in line with current market expectations. Robinson plc said: “We anticipated that sales volumes would come under further pressure because of inflation, the cost-of-living crisis, the de-listing of some products by our customers, and certain of our customers continuing to prioritise existing business over innovation projects, a characteristic which started during the Covid-19 pandemic. “These factors have manifested in lower sales in 2023, notably in the first half of the financial year.” With lower demand and continued inflationary pressures, Robinson plc implemented a restructuring program in June, which resulted in exceptional costs of £0.4m and annual savings of £0.7m, of which £0.4m benefited 2023. The business added: “We believe we have now passed the worst of the downturn with our customers; sales volumes in the second half of 2023 were 1% above the comparative period in 2022, as implemented new projects began to take effect. As a result of successful sales activity, we expect a substantial increase in sales volume in the plastics business in 2024.”

The update comes after the company was impacted by Storm Babet, during which the River Hipper, which flows through Robinson plc’s premises in Chesterfield, had risen to its highest ever recorded level and flooded part of the site.

Strong first half sales performance for Dunelm

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Dunelm Group, the homewares retailer, has seen a “strong sales performance” for its first half despite a tough market backdrop.

In a new trading update the Leicestershire-based business has indicated that total sales increased by 4.5% to £872m. Pre-tax profit expectations for the full year, meanwhile, are in line with market expectations.

Dunelm said of the positive figures: “Growth in the first half was driven by customer demand for our consistent, outstanding value proposition. Whilst we are conscious that the outlook for consumer spending remains unpredictable and market conditions volatile, we are confident that we can deliver further market share gains and retain our tight operational grip on costs.”

Nick Wilkinson, Chief Executive Officer, added: “The breadth of our range and outstanding value of our proposition continues to be well received by customers, resulting in a strong sales performance for the first half despite a tough market backdrop.

“Consumers remain under pressure and are actively seeking true value at all price points. Our customer offer and positioning as the ‘Home of Homes’ resonates particularly well in this environment, and we are confident we have continued to gain market share. At the same time, our strong operational grip continues to help us navigate the difficult environment and manage our margins.

“Looking ahead, we remain excited about the compelling opportunity for growth for our business. We have continued to execute at pace on our strategic plans, opening four new stores over the first half of the year, whilst continuing to expand our ranges and improve our digital offer. Our new Spring collections look fantastic in store and are being really well received by customers as we reach the end of our Winter Sale, leaving us well placed to make further progress in the months ahead.”

GRAHAM chosen to transform Nottingham’s Bendigo Building into student accommodation

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GRAHAM has been awarded a £70m contract by property developer Bricks Group for the two-stage design and build Bendigo Building project in Nottingham. Originally built in the late 1960s, the Bendigo Building served as a Royal Mail Sorting office. After nearly two decades of vacancy, the redevelopment will bring new vibrancy to the area and high-end accommodation to students, offering great connectivity to Nottingham Trent University, Nottingham train station and high street – all less than half a mile away. ‘True Nottingham’, a 661-bed development, offers a variety of living options including studios and four, five and six en-suite bedroom apartments. The all-inclusive accommodation will provide amenities such as the Festival zone, multi-media/games lounge, state-of-the-art gym with personal trainers plus fully landscaped garden with outdoor seating areas, car parking and cycle storage. Two ground-floor commercial units will provide additional amenities. GRAHAM will work in collaboration with the consultancy team, including Bricks Development team, Abacus as Employer’s Agent and Principal Designer, KKA Limited as Architect, HSP Consulting as Civil & Structural Engineer and ME7 as Mechanical & Electrical Engineer. Ronan Hughes, Regional Director at GRAHAM, said: “We are delighted to be continuing our relationship with Bricks Group to deliver this development that represents a significant investment in student accommodation, contributing to the growth and vibrancy of Nottingham. “We have similar experience in delivering major projects in the city and look forward to transforming an unused space into a thriving new community for Nottingham’s student population.”

2024 Business Predictions: Ann Bhatti, head of Connect Derby

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Ann Bhatti, head of Connect Derby. 2023 was another challenging year, with the on-going cost of living crisis leading to intense pressure on SMEs. This has had a significant impact on how businesses view their workspaces, making many businesses cautious about committing to long-term accommodation leases and opting for a more flexible approach instead. Last year we experienced a sharp rise in the hybrid working model following the pandemic. Going forward, I believe larger companies will continue to embrace hybrid working and demonstrate a growing preference for serviced offices and flexible working solutions. This shift reflects a move towards businesses prioritising operational efficiency which allows them to scale their operations swiftly, whilst accommodating remote or hybrid work set ups. I predict that over the next 12 – 24 months, serviced offices will experience another significant surge, particularly in city centre locations. This will be fuelled by the evolving needs of businesses seeking spaces that offer convenience, scalability, and access to city centre amenities. Derby city centre in particular is in need of more large Grade A office accommodation. This is crucial if we are to attract new investment, increase footfall and foster economic growth, positioning Derby as an attractive hub for businesses and investors alike. The evolving business landscape calls for adaptability and innovation in 2024. While small businesses navigate economic challenges, larger ones are re-assessing and reshaping their operational models. Entrepreneurs and small business owners will need to demonstrate financial discipline again this year and seek more flexible arrangements to make the best use of office spaces as well as operational delivery models as we continue to navigate uncertain economic conditions.