Planning permission granted for new Corby apartments
Bakewell company secures £250k loan to support regeneration projects
AG Corporate Law strengthens team
WBR Group acquires Standard Life’s SSAS book
Key milestone achieved at Redmoor Academy
UK economy grows, beating expectations
Plans to build a ‘stronger economy and stronger communities’ outlined in NE Lincs
- The continued transformation of Children’s Services. The plan details how current work is having a ‘positive impact on outcomes for our children and young people, as well as supporting financial sustainability’.
- Again, with a focus on transformation, attention will be put on Adult Social Care where innovative solutions will be explored. This will help to meet an increase in demand and complexity of care.
- Continuing with a ‘commercial approach’ to grow a strong and sustainable economy. It details how major investments, such as the redevelopment of Freshney Place, are progressing and will support the borough at a time of economic challenge.
- A pledge to ensure the capital programme is reviewed regularly to ensure schemes remain viable. This approach, adds the report, will help ensure plans remain ‘affordable, sustainable and prudent’.
Student housing portfolio relisted at £30M after price reduction
Beachrock has significantly lowered the asking price for a purpose-built student accommodation (PBSA) portfolio, now seeking £30 million after initially marketing the properties at £90 million. The portfolio comprises over 1,000 student beds across Coventry, Nottingham, and Sheffield.
The assets are spread across Coventry, Nottingham, and Sheffield. Initially part of the offering, a Cambridge property is no longer included. The remaining properties, which vary in size and price per bed, are available for purchase individually or as a group, with offers due by March 20.
The portfolio is now priced at £26,300 per bedroom, aligning with previous market interest. Beachrock stated that the new price reflects previous interest in the portfolio, aligning with market valuations.
M54-M6 Link road upgrade could reduce congestion and improve freight movement
According to a new analysis from Midlands Connect, a proposed road link between the M54 and M6 in Staffordshire could significantly cut congestion and improve freight movement. The project, which would connect Junction 1 of the M54 to Junction 11 of the M6, is expected to divert thousands of vehicles off local roads and onto a more efficient motorway route.
The A460 carries around 20,000 vehicles daily, with freight accounting for 28% of the traffic. If the link road is completed, traffic on the A460 could drop to just 4,000 vehicles per day, reducing congestion and improving journey times. The most significant delays occur between the Laney Green Interchange and the A460/M6 Toll junction, where peak-hour speeds are well below the national average.
Supporters of the project highlight the environmental benefits of diverting freight from residential areas and the potential for improved transport efficiency. The government approved the link road in 2022, but with the Department for Transport currently reviewing its spending priorities, no timeline has been confirmed for its construction.
Staffordshire County Council has backed the project, citing its potential to enhance connectivity, reduce emissions, and support long-term regional investment.