Chesterfield motor finance firm grows with acquisition of Leeds broker

Chesterfield-headquartered Evolution Funding is set to acquire motor finance broker Creditas Financial Solutions, subject to FCA approval. This strategic move marks a milestone in Evolution Funding’s growth trajectory and underscores its commitment to expanding dealer access to the group’s finance platform, technology, and broad lender panel. Founded in 2007 by Andy Shaw and headquartered in Leeds, Creditas employs 60 staff and oversees four Appointed Representatives. Creditas will continue to operate under its own brand as a subsidiary of Evolution Funding Group and with its existing management team at the helm. Evolution has completed several acquisitions as part of its expansion plan, including automotive Software-as-a-Service provider Click Dealer in 2021 and the motor finance broker Motion Finance in 2023. Evolution secured majority investment from global private equity firm Carlyle in July 2023, leading to significant reinvestment in the company’s platform, technology, and digital capabilities. Lee Streets, CEO of Evolution Funding, said: “The acquisition of Creditas is highly complementary. With little overlap between Creditas and Evolution Funding Group’s dealer partners, it will grow Evolution’s footprint with independent retailers. “At the same time, our technology, processes, and partnerships will enhance Creditas’ proposition for dealers, maximising its potential and driving long-term growth across the group. “We have been impressed with Creditas’ approach to motor finance, the focus they put on building relationships and doing the right thing for consumers, an ethos at the heart of our own operations. We look forward to working closely with Andy and the team to identify further opportunities and harness our mutual strengths.” Andy Shaw, Managing Director of Creditas, said: “I am delighted we have joined part of the Evolution Group. Having built Creditas up over the last 17 years now is the time to become part of a much larger entity. We are looking forward to working with Lee and his team moving forward – it’s going to open a lot of new options for the benefit of our dealers.” Creditas were advised by Peter Williams, David Kendrick, and Fraser Pirie of UHY Hacker Young (Manchester) LLP.

Construction begins on 760,000 sq ft unit at Magna Park North Lutterworth

GLP has commenced construction of MPN 761, a speculative unit measuring 761,361 sq ft in Magna Park North Lutterworth. MPN 761 will target a BREEAM Outstanding accreditation while the overall scheme will be a net-zero development with each unit independently certified by Planet Mark. It will benefit from best-in-class specifications and ESG features including wide service yards, significant HGV and car parking allocations, dock levelers, level access doors, increased natural light, electric vehicle charging and abundant power supply. The building will be designed to WELL principles with the occupiers in mind, with GLP aiming to provide a more productive and pleasant working environment for employees. GLP will also be supporting customers to reduce energy and operational costs, by providing a complimentary Planet Mark program to help monitor, track and reduce their respective carbon footprint. Construction is expected to be completed in June 2025. Bruce Topley, Managing Director at GLP, said: “We are pleased to have commenced development of MPN 761 in Magna Park North. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. “As companies look to benefit from a prime location, we look forward to welcoming customers to our existing units and positioning Magna Park North Lutterworth for long-term success.” Joe Garwood, Senior Development Director at GLP, said: “The development of MPN 761 will be an excellent addition to our existing units in Magna Park North Lutterworth. “At GLP, we embed customer-centricity at the outset of any development alongside aligning environmental and social concerns. This site is a great example of that and at the cutting edge of the warehouse market in the UK.”

Innovation consultancy’s partnership with University of Nottingham to transform AI-assisted consumer insights

An innovation consultancy is set to revolutionise its consumer insights capabilities by embarking on a collaboration with researchers from the University of Nottingham.
With vast experience in the food, beverage, and fast-moving consumer goods (FMCG) industries, Strategic Innovation Ltd provides its clients with innovative solutions to complex challenges, including strategic road mapping, consumer insights, and technology scouting. The company’s passion for sustainability and ambition to become sector-leaders in AI-assisted consumer insights, has resulted in Strategic Innovation entering into a 26-month Knowledge Transfer Partnership (KTP) with the University of Nottingham. KTPs are a three-way collaboration between a UK-based business or charity, a research organisation, and a qualified graduate known as a KTP Associate who has the capability to lead a strategic business project. This collaboration sees Strategic Innovation partnered with two centres of excellence at Nottingham University Business School – behavioural analytics and social data science specialists N/Lab, and the Haydn Green Institute for Innovation and Entrepreneurship. Leading the project, computer scientist and KTP Associate Dr Weiyao Meng will work alongside the company, bridging the gap between academia and industry. She said: “I’m delighted to be working with Strategic Innovation on such an exciting project. Together, we’re utilising the power of cutting-edge AI and data analytics to advance consumer research, driving impactful change for social good.” She continued: “I’m truly excited to contribute my skills in Computer Science and AI to such a meaningful endeavour, especially with the supportive network provided by Strategic Innovation and the University of Nottingham.” The partnership aims to strengthen Strategic Innovation’s consumer insights, scaling up their existing services, by applying machine learning and advanced AI techniques used by the university, to increase the speed, quality and precision of its data capture and analytical processes. Dr John Harvey, Associate Professor at N/Lab, said: “At a time when misinformation thrives online, gathering reliable, trusted data that can inform optimal decision making has never been more valuable. “We at N/lab and Nottingham University Business School are excited to collaborate in this KTP with Strategic Innovation, using NLP (Natural Language Processing) to advance consumer research. Helping organisations to both better understand their audiences and promote social good.” Through the formation of its ‘Think Better World Alliance’ concept, the company intends to identify and harness rich text and human behavioural insights to support the collaborative transformation of food systems towards sustainability. Key to this is democratising data to ensure everyone has access to the latest, relevant, and reliable information. Paul Frobisher, Strategic Innovation’s Director, said: “I’m so excited to be at the start of a dream that has been incubating for several years. This KTP with the University of Nottingham will help us to develop innovative and scalable approaches to AI-enabled better consumer insight analysis, through which we hope to engage stakeholders from farm to fork – and beyond – to better understand the barriers and enablers to sustainability.”

Nottinghamshire County Council and Nottingham Forest FC to sign new partnership agreement

An agreement is set to be signed to strengthen ties between Nottinghamshire County Council and Nottingham Forest Football Club. Known as a MOU (memorandum of understanding), the agreement sets out how the two organisations can work more closely to further benefit local communities and boost the economy. Nottingham Forest FC’s ambition to deliver new training and stadium infrastructure, as well as promoting the educational and health benefits of sport, links in with the Council’s priorities to find more ways to support the health and well-being of Nottinghamshire families and residents. Councillor Ben Bradley MP, Leader of Nottinghamshire County Council, said: “Nottingham Forest FC, like all the great sporting clubs we have in this county, is an important partner for us. The Club brings so much investment potential to the area which helps our infrastructure and economy. “This agreement is a win-win as it will give us more scope to explore further options to benefit local communities and help with Forest’s ambitions and future plans.” Nottinghamshire County Councillor Keith Girling, Cabinet Member for Economic Development and Asset Management, added: “This is great news as we welcome the chance to work more closely with the Club and the Nottingham Forest Community Trust. “This includes working collaboratively to identify suitable county council sites that could benefit both the Club and our ongoing commitment to bring more investment and jobs to Nottinghamshire.” Tom Cartledge, Nottingham Forest Chairman, said: “The recent launch of our new Vision for Sport in Nottinghamshire has brought us closer to colleagues at the County Council. It is therefore excellent that we can now formalise our working relationship with them to explore opportunities for everyone to enjoy the growth of sport across the county.”

Nottingham Venues signs the Hoteliers’ Charter

Nottingham Venues has signed the Hoteliers’ Charter, the national standard that champions the hospitality industry and advocates for working in hotels as a viable long-term career choice.

In becoming a Charter Hotelier, one of only three in Nottinghamshire, Nottingham Venues is demonstrating its commitment to its 270 employees and to providing a workplace environment built on the foundations of respect, fairness, equality, diversity and opportunity.

By signing the charter, Nottingham Venues also re-affirms its commitment to supporting employees’ career development, their wellbeing and to ending low pay.

Tom Waldron-Lynch, General Manager of Nottingham Venues, says: “We take the wellbeing of our employees seriously and have worked hard to ensure that we are a leading employer within our sector. In 2022, we became a living wage employer, and we offer some of the most competitive salaries and pension packages in the hospitality industry.

“We support our colleague’s wellness with a range of initiatives, including a team of Mental Health First Aiders, and offer the opportunity for all our employees to request flexible working.

“The ambitions of the Hoteliers’ Charter to raise standards and demonstrate that working in hospitality is a viable long-term career choice reflect our own.

“By becoming a Charter Hotelier, we are confirming to our current team and those who wish to join us that we are committed to their wellbeing and to recruiting, developing, and retaining the best talent in our industry.”

The move to achieve Charter Hotelier status is the latest part of Nottingham Venues’ People Development Strategy led by HR Director Suzie Adams who joined the business in 2022.

Since then, there have been measurable improvements in employees’ happiness and satisfaction at work. Nottingham Venues’ staff engagement score of +67 is above the industry average and the company benchmarks well against others in the industry.

Nottingham Venues is a collection of hospitality destinations located on the University of Nottingham’s campuses – including the 4* Orchard Hotel & Restaurant, the Jubilee Hotel and Conferences venues, Campus Venues and the East Midlands Conference Centre. It provides meeting space from 5 to 1,000 delegates, with over 40 meeting rooms, 2,000 sq ft of exhibition space and 300 bedrooms at the Orchard Hotel and Jubilee Hotel combined.

Derbyshire charity reveals plans for city centre base

Derbyshire’s specialist child exploitation charity, Safe and Sound, is forging ahead with plans to create a safe place in Derby city centre for young people and families where they can engage with an expanded range of support services and activities to help them re-build their lives. The charity has secured the purchase of 8 Bold Lane, a former restaurant in Derby’s Cathedral Quarter, which will enable the specialist team to support more young people and families and provide a broader range of services. The charity will also make space available for other charities and organisations to deliver their services. Safe and Sound works with children as young as seven, young people and their families across Derbyshire whose lives have been affected by child exploitation including online grooming, sexual exploitation, County Lines, trafficking, modern slavery and radicalisation. The charity is currently based in rented offices in Darley Abbey and rents further space for activity and therapy work. Thanks to £250,000 funding from the Department of Levelling Up, Housing and Communities’ Community Ownership Fund, plans are now being drawn up for the restoration and refurbishment work required to make the three-storey building fit for purpose. Work is due to start imminently and take around six months to complete. The vision is to provide safe and welcoming ground-floor space for a community hub and a wide range of activities delivered by both Safe and Sound and other youth and family-focused organisations including YMCA, Derby County Community Trust and Umbrella. The flexibility of the space will enable activities and therapies to be expanded ranging from arts and crafts and music to drama and sport. The other two floors will include space for 121 and group support, meetings and workshops as well as office accommodation for Safe and Sound’s team and volunteers who are based there. Fundraising for equipment and specialist facilities will continue under the charity’s Butterfly Appeal banner with the first donations secured including the donation of office equipment from Geldards solicitors and a £4,299 grant from Toyota Manufacturing UK to pay for youth activities equipment at the centre. Last year, Safe and Sound supported a record 343 children and young people who had been victims of or at risk of child exploitation. The charity largely works with 7-18 year olds but includes up to 25 if there are special educational needs and or disability (SEND) issues or children leaving care. Safe and Sound chair Mark Richardson, who is a director of BBJ Commercial, has been working with fellow trustees, CEO Tracy Harrison and key partners in the city to bring the vision to reality. He explained that the purchase of 8 Bold Lane was the culmination of two years’ discussions and site visits and was a milestone moment for Safe and Sound, the wider voluntary sector and for the vibrancy of the city centre. “We have outgrown our rented offices in Darley Abbey Mills and there has always been a desire to have city centre premises to provide a safe and welcoming space for the young people and families that our specialist team supports. “I am delighted that we have found the premises that will be the long-term home for everyone who works at and is supported by Safe and Sound as well as providing much needed accessible space for other organisations supporting some of the most vulnerable people in our local communities. “The property has been vacant for some time and is in disrepair so this is an excellent opportunity to see it brought back to life. Its location next to the Electric Daisy environmental social enterprise further brings new cultural diversity and community to the area “I am particularly grateful for the support shown by fellow professionals in the commercial property, construction and legal fields who have recognised the value that Safe and Sound brings to our city and county and who have provided us with their expertise to enable us to secure this purchase.” CEO Tracy Harrison outlined the importance of upscaling facilities and capacity to support young people and their families whose lives had been affected by child exploitation. She said: “Referrals for our services have doubled since the pandemic – reflecting the reality that any child, anywhere – regardless of their age, sex or family background – is at risk of child exploitation. “However, we have been constricted by having to rent premises not only for our team but to provide an expanding programme of activities, support and therapies which are so vital to help young people and their families affected by exploitation to move forward with their lives. “The Bold Lane premises will be an amazing community asset that will increase our impact by providing a centrally located safe and welcoming space for children and young people who are at risk of exploitation as well as their families. “Our youth participation and parents as peers groups will continue to be heavily involved in the project plan – advising us on the facilities they want and we will continue to consult with our Youth Alliance partners throughout the process to ensure that this facility will benefit everyone.” Mrs Harrison continued: “With the purchase secured, the Community Ownership Fund grant has enabled us to move quickly on the renovation of the property and we hope to be ready to open our doors in early 2025. “We still have a long shopping list of equipment that we want to buy and special features that we want to include in the community hub so will be stepping up our efforts through the Butterfly Appeal to make this a reality.”

Nominations open for the prestigious East Midlands Bricks Awards 2024

Nominations are now OPEN for East Midlands Business Link’s highly anticipated East Midlands Bricks Awards 2024, placing the spotlight on the region’s property and construction industry. The prestigious annual event recognises development projects and people in commercial and public building across the region – from office, industrial and residential, through to community projects such as leisure schemes, schools and public spaces. We also highlight the work of architects, agencies and those behind large schemes. It’s an opportunity to celebrate successes, boost businesses’ profiles, showcase teams, reward their efforts, and bolster morale. To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.
Award categories include:

Nominations end Thursday 5th September

A highlight in the business calendar, winners will be revealed at a glittering awards ceremony on Thursday 3rd October, at the Trent Bridge Cricket Ground (4:30pm – 7:30pm) – an evening of celebration and networking with property and construction leaders from across the region. Attendees will also hear from keynote speaker Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire. Find out who last year’s winners were here.
Tickets can now be booked for the 2024 awards event, taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 3rd October, from 4:30pm – 7:30pm – click here to secure yours.   Thanks to our sponsors:      

       

To be held at:

Trebor Developments exchange off market deal on Northampton employment site

Trebor Developments and Hillwood have exchanged contracts to acquire an 8-acre employment site in Northampton. It will further expand their existing consented 8 acres in order to bring forward a combined, comprehensive development site of 16 acres where Trebor will shortly be submitting a planning application for a single industrial unit of 328,000 sq ft. The site is located adjacent to the A45 dual carriageway, which links to the M1 at Junction 15 providing excellent access to the motorway network. James Drew, Trebor development director, said: “We are delighted to be bringing forward this c330,000 sq ft single unit in Northampton, a prime golden-triangle location. Having secured this further land off market we will shortly submit planning and are looking forward to further detailed discussions with occupiers on both a freehold or leasehold bases.” It is anticipated the building will be available during 2025, being developed on a speculative basis and is also capable of being customised to occupier specific requirements as a build to suit. Agency advice was provided by Drake Commercial, Knight Frank and TDB Real Estate advised the landowner.

Property specialist appointed to operate multi-million-pound build-to-rent development in Leicester

Property specialist Centrick has been appointed to launch and operate a new multi-million-pound build-to-rent (BTR) development in Leicester. 

Centrick will provide its BTR services, through its VICI platform, on behalf of developer and investor Oblix Living for its latest development, The Saxons, comprising 100 one and two-bedroom homes.

Centrick founder James Ackrill said: “It is enormously exciting to be working alongside Oblix Living once again, watching The Saxons coming to life, and we are very pleased to be launching this scheme.

“Working with Oblix Living is always a pleasure. It is great to see their BTR vision come to fruition and to be able to share in the success of launching a high-quality scheme which focuses on the residents and addresses their needs in so many ways.” 

Centrick BTR director Clare Johnson said: “The Saxons is a fabulous boutique scheme, and we are looking forward to working alongside Oblix Living to deliver outstanding consulting, pre-launch, branding and of course operational BTR services which we have continued to grow over many years of experience and expertise in this key growth sector. “With community-led technology and a dedicated residents’ experience team, we will work hand-in-hand with residents to create a thriving, sustainable community.”

Rishi Patel, CEO of Oblix Living, said: “At Oblix Living we’ve always focused on service, design, and amenities in key locations to provide design-led, well specified apartments that residents are proud to call home.

“I’m delighted to be launching The Saxons, which is our second Build to Rent development and our first in Leicester, and excited for residents to enjoy not just the convenience and opportunity of the city, but the living spaces and exceptional communal spaces within the development.”

Nottingham housebuilder secures £1m funding facility to deliver first development

Nottingham-based Infinity Homes has secured a £1m funding facility to deliver the company’s first development which will be located off Holmgate Road in Clay Cross.

The development will comprise five three-bedroom bungalows and, once complete, will have a gross development value of £1.6m.

The £1m funding facility has been secured by Infinity Homes from merchant banking group Close Brothers.

A team from law firm Gordons, led by partner and head of residential development, Michael Finnett, advised Infinity Homes on obtaining the facility.

Work started on site in January, with the first residents expected to move into their new homes this August.

Infinity Homes director, Joshua Greveson, said: “It’s fantastic to have secured this facility to deliver our development. Michael and the team at Gordons are highly experienced in securing funding for residential developers, so they were able to expertly navigate the funding process for us.

“We know there is strong demand for new bungalows within Clay Cross, particularly of the type that we are building and with the specification we have. We’ve already made a great start on site having received our first plot reservation and sales interest in the remaining available plots.”

Commenting on the funding deal, Gordons’ Michael Finnett said: “Infinity Homes is an ambitious housebuilding start up business so we are very pleased to have been able to help them with their initial development.

“We are sure it will be the first of many and we look forward to supporting the business and it continues to grow and evolve over time.”