Sunday, August 17, 2025

East Midlands businesses face new challenges with upcoming changes to employment rights

The government has outlined a timeline for implementing its Employment Rights Bill, which will bring several significant changes to employment law, affecting businesses in the East Midlands. Companies will need to prepare for increased administrative tasks, including updating staff contracts, managing higher costs, and addressing new paperwork requirements.

Starting in April 2026, the Bill will grant workers “day one” rights for paternity and unpaid parental leave. Statutory sick pay will be extended, with the removal of the lower earnings limit. By October 2026, businesses will no longer be able to use “fire and rehire” practices, and employers will be required to take all reasonable steps to prevent sexual harassment in the workplace.

By 2027, additional protections will be introduced for pregnant women and new mothers, including enhanced dismissal protections. Employers will also face new measures to prevent unfair dismissal from the very first day of employment. These changes will require businesses to adjust their practices and ensure compliance with the new legal landscape.

Northampton launches masterplan to revitalise its town centre

West Northamptonshire Council is inviting local residents, businesses, and community groups to help shape the future of Northampton town centre through the draft Northampton Town Centre Masterplan. This initiative aims to provide a long-term vision for the area, focusing on enhancing streets, public spaces, housing, and supporting local businesses.

Building on significant ongoing projects such as the revitalisation of Market Square and plans to redevelop former M&S and BHS stores, the masterplan offers a cohesive approach to guide future investments. The goal is to ensure these developments meet the needs of the community and align with their aspirations.

Key to the plan is a focus on making the town more walkable and better connected, improving the riverside to boost leisure and nature spaces, and restoring heritage buildings to their former glory. The vision also includes creating more housing options in the town centre to foster a vibrant, mixed-use community that supports local shops, promotes pedestrian and cycling access, and increases the area’s overall vibrancy.

To gather community input, the council has launched a dedicated website, northamptonforward.com, where people can review the proposals, explore different ideas, and share their feedback through a brief survey. This initial round of engagement will inform the final version of the masterplan, which will be published later this year, ensuring that future changes reflect the priorities of those who live and work in Northampton.

Another year of revenue growth for Gateley

Professional services group Gateley has seen another year of revenue growth – its tenth consecutive year since IPO – against an unpredictable economic backdrop.

According to audited results for the year ended 30 April 2025 (FY25), the business delivered revenue growth of 4.1%, increasing to £179.5m from £172.5m in the year prior.

Meanwhile, group underlying profit before tax rose to £23.3m from £23m, though reported group profit before tax dropped to £6.4m from £14m.

Rod Waldie, CEO of Gateley, said: “FY25 represents another year of revenue and underlying profit growth for Gateley, set against an unpredictable economic backdrop for much of the year. We are particularly pleased that this growth was driven by the combination of positive returns on our recent investments with an increase in activity levels and active management of cost inflation.

“In-Period highlights include the renewal and increase of our revolving credit facility to £80m. This is primarily to support further investment in our diversified growth strategy and our Employee Benefit Trust in facilitating our equity incentivisation and recirculation strategy.

“We remain ever alert to acquisition opportunities that will add value to our diversified portfolio and build on our successful M&A track record. Despite an increasingly competitive backdrop, we are confident in the quality of our pipeline, the rigour of our selective process and we look forward to updating shareholders in due course.

“Looking forward, the resilience of our diversified model, our strong financial foundations, and our unbroken track-record of revenue growth, underpins our confidence. Our long-term strategy of client-focused investment in people augmented by continued improvements in our internal structure and technology, will ensure the Group is positioned well to deliver profitable growth in FY26 and beyond. Whilst we continue to monitor and adjust in response to the unpredictable environment, the Group is carrying good momentum into the current financial year.”

Burton testing, inspection and certification services provider acquires Scottish firm

Burton-based provider of testing, inspection and certification services, SOCOTEC UK and Ireland has acquired United Kingdom Testing and Certification (UKTC), an independent fire testing laboratory based in East Kilbride.
The acquisition significantly expands SOCOTEC’s capabilities in fire safety and compliance, while reinforcing the company’s growing presence in Scotland, with its second acquisition in the country, following the purchase of Aspect Land & Hydrographic Surveys. Matthew Marriott, CEO of SOCOTEC UK and Ireland, said: “The acquisition of UKTC represents a significant milestone in our growth strategy and commitment to enhancing building safety across the UK. “This marks our second acquisition in Scotland within the last 12 months, demonstrating our intention to continue investing in this important region, as well as developing our capabilities to serve clients throughout the UK and Ireland.” David Brown, director at UKTC, will continue to lead the laboratory operations under SOCOTEC ownership, and added: “Joining forces with SOCOTEC UK and Ireland provides an exciting opportunity to invest and expand our testing provisions and deliver enhanced services to our clients. “Our East Kilbride facility has become the centre of excellence for fire testing in UK, and as part of SOCOTEC, we look forward to building on that legacy while accessing wider resources and expertise.”

Shareholders back takeover of Boots’ parent company

The shareholders of Walgreens Boots Alliance (WBA), parent company of Nottingham health and beauty retailer Boots, have approved the takeover of WBA by private equity firm Sycamore Partners. According to preliminary results, approximately 96% of votes cast at a Special Meeting by all shareholders were voted in favour of the merger agreement proposal. In addition, approximately 95% of the votes cast at the Special Meeting by unaffiliated shareholders were voted in favor of the merger agreement proposal. “We appreciate the consideration and overwhelming support from our shareholders in our value-maximizing transaction with Sycamore,” said Tim Wentworth, CEO of Walgreens Boots Alliance. “With Sycamore’s partnership, we will be better positioned to accelerate our turnaround strategy, further enhance the customer, patient and team member experience and become the first choice for pharmacy, retail and health services. We look forward to closing the transaction and entering this next chapter.” WBA expects to close the transaction in the third or fourth quarter of 2025. The $10bn deal comes after Walgreens had a market value of over $100bn a decade ago. The fate of highstreet staple Boots remains in question, with the Sycamore transaction expected to pave way for considertation of a sale, following WBA’s two previous attempts to offload the business.

Loughborough University part of new collaboration advancing zero carbon aviation with hydrogen

Loughborough University is collaborating with academics from Oxford University, Imperial College London, and King’s College London to develop hydrogen-powered jet engines.

The £9.5m project, backed by the Engineering and Physical Sciences Research Council (EPSRC), aims to transform aviation by achieving net-zero emissions by 2050. The team will tackle critical scientific challenges associated with using cryogenic liquid hydrogen (LH2) as fuel for gas turbines. Hydrogen is seen as pivotal for the future of sustainable aviation because it produces no carbon emissions when combusted, emitting only water. The project’s vision is to replace conventional aviation fuel with hydrogen, thereby making mid-range commercial flights zero carbon. This programme will lay the fundamental scientific groundwork to realise that vision. At Loughborough the work will be led by professor Jon Carrotte and the National Centre for Combustion and Aerothermal Technology. Speaking about the project he said: “The team at NCCAT are delighted to be part of this new ambitious research programme that will build on our existing hydrogen knowledge base. “In collaboration with our partners at Oxford, Imperial, and King’s College we look forward to developing Hydrogen as one of the potential future fuels to decarbonise jet engines that power the aviation sector in the ongoing pursuit to achieve net zero flight.” The programme also benefits from support and collaboration from key industry and international partners, including Rolls-Royce, Airbus, Honeywell, Zeroavia, Boeing, Parker Hannifin and the European Space Agency. The partners will provide direct contributions such as funded studentships, valuable industrial guidance, and critical testing facilities. Across the universities involved, more than 12 studentships are being supported, significantly enhancing training opportunities for future aerospace leaders. The project is being led by the University of Oxford.

Derby developer acquires Looms site

The well-known car breaking site of Albert Looms at Spondon has been acquired by Derby-based developer, Ivygrove Developments Ltd. Ivygrove, who specialise in the provision of small and medium size industrial premises, is rapidly progressing towards conclusion on their latest project at Merlin Park on Osmaston Road, and the Looms site will ensure a continuous supply of Ivygrove units into the Derby market. The new development, to be known as ‘Looms Business Park’, will provide up to 20 industrial premises ranging in size from 2,000 to 20,000 sq ft which will be available in 2026. Nick Blount of Ivygrove said: “We are keen to continue supplying workshop and storage units into the local market and our successes at Merlin Park demonstrate that demand continues unabated for our product. “Employment land for small and medium-sized units is difficult to find, and it seems housing is being prioritised by developers whereby sites are more readily available. We are therefore absolutely delighted to have acquired such a prime site as the former Looms yard, and we cannot wait to start building.” The Looms site was a popular location from the early seventies for hundreds of car owners who required parts for their ageing cars which were not always available at local franchises. John Blount, chairman of Ivygrove, looks back even further: “Looms were responsible for breaking up steam engines and timber goods carriages in the early sixties after Dr Beeching took ‘the axe’ to the railways, closing hundreds of stations in rural England and Wales. “The change from Steam to Diesel also played a major part in the demise of the famous Princess and Jubilee class Steam Engines, together with the workhorse engines many of them built in Derby at the ‘Loco Works’ which is now the home of hundreds of businesses on Pride Park.” Salloway Property Consultants represented Ivygrove in the acquisition of the Looms site and director Stephen Salloway said that it was a competitive process: “Unsurprisingly, such a prime site generated considerable interest and potential buyers were asked to make their best offers in an informal tender procedure. “Ivygrove made a very competitive bid but moreover, they were able to demonstrate an impressive ‘track record’ which provided the sellers with the ‘comfort’ and ‘certainty’ they were seeking. I am grateful to Nick Hosking at Innes England, who represented the sellers, and helped to overcome some of the hurdles encountered during the contract process.” Ivygrove are expecting to submit a detailed planning application before the end of July.

Diversity in business driving success

Leicestershire Business Voice recently hosted an insightful event focused on diversity and inclusion, highlighting its importance for modern businesses. The event, held in collaboration with De Montfort University Leicester (DMU), aimed to demonstrate how creating inclusive workplaces is no longer just a moral choice but a key business strategy.

Business leaders from industries like recruitment, manufacturing, and technology shared their experiences and strategies for fostering diverse and inclusive work environments. The session explored the broader definition of diversity, the obstacles in creating open workplaces, and how language barriers can sometimes hinder progress.

A major takeaway was the importance of organisational culture in driving success. Speakers stressed that business culture should be a priority for leaders, as it shapes company values, employee behaviour, and relationships within the workforce. The event also addressed how diverse teams contribute to innovation, talent attraction, and overall business resilience.

The discussions underscored the value of honest conversations in effecting change and improving business practices. Organisations that prioritise culture and inclusivity are more likely to thrive in the long term, with diversity naturally emerging as a result.

Portman Finance secures £10m funding to boost SME finance options

0

Portman Finance Group, a Northampton-based lender, has secured a £10m funding line from Shawbrook’s Speciality Finance team. Founded in 2007, Portman has evolved from a finance brokerage to a direct SME lender, now employing over 100 people. The company has already provided more than £1.5bn in funding to over 20,000 businesses.

This new funding will enable Portman to expand its loan offerings, focusing on larger and longer-term finance solutions for small and medium-sized enterprises (SMEs) in the UK. The funding will support Portman’s strategy to grow its capabilities and assist more SMEs in accessing the finance they need to scale.

With this partnership, Portman aims to strengthen its market position and further contribute to the growth of UK businesses. The funding line is expected to be a key enabler in Portman’s ongoing expansion plans.

£100m pledge for Derby low-carbon energy network

Low-carbon city heat network developer, 1Energy, has pledged £100m of private capital for a city-wide heat network for Derby at an event for the city’s leaders. This move follows the company securing £23m of investment into the project from the UK Government. Developed at no cost to the local community or council, the Derby Energy Network will cut city wide gas demand by around 7 per cent. It will supply the city with low-carbon heating via underground hot water pipes, using water source heat pumps to repurpose surplus heat from local businesses. 1Energy could invest over £140m into the network as it grows. 1Energy pledged its initial investment to the project at an event attended by Derby’s leaders, including Baggy Shanker MP, on the site of the world’s first factory late last week. The event saw the public and private sectors come together to further plans to deliver a more secure future for the city – to bolster energy security and innovation, create skilled jobs and apprenticeships, and future-proof essential infrastructure. Major organisations in the city, including Derby City Council, the Royal Derby and Florence Nightingale Hospitals, the University of Derby and Derby College, are working with 1Energy to advance the network, with plans to begin construction in 2026. The Derby Energy Network will enable the city to bolster energy security, cut costs for businesses and protect against sudden gas-related energy price hikes, with buildings being warmed by low-carbon heat rather than gas boilers. Additionally, some of Britain’s most innovative businesses, such as Rolls-Royce and SmartParc could soon be linked up via the project, extending the city’s leadership in the circular economy. Andrew Wettern, CEO of 1Energy, said: “Derby has long led the world in terms of innovation, from water networks to defence. We are delighted to bring long-term investment to the city and build on its rich industrial heritage, enabling leading businesses to play a key role in delivering a new utility model. “Home to world-renowned innovators, Derby is uniquely placed to lead the transition to a more secure energy future. Alongside transforming the city’s energy infrastructure, the Derby Energy Network will give businesses greater choice and long-term price certainty. All while unlocking economic, health and environmental benefits for the city, the region and the country. We are exciting to continue working with Derby’s trailblazers to develop the network.” As well as helping the UK achieve its energy security goals, the network will play a vital role in reducing air pollution, improving public health. It is projected to save around 20 tonnes of air pollutants that can cause respiratory problems – equivalent to taking 16,000 cars off the road for a year – by cutting pollutants from connected buildings by around 86 per cent. The network also expects to reduce carbon emissions by 19,200 tonnes through slashing emissions from buildings by up to 77 per cent. Baggy Shanker, Member of Parliament for Derby South, said: “The Derby Energy Network represents a huge opportunity for our city to deliver another cutting-edge project, continuing our long-standing leadership on innovation. By combining private capital and public investment, it will bring hundreds of millions of pounds into Derby. I see it playing a key role in boosting economic growth. “It is great to hear the project will also create hundreds of skilled local jobs, including apprenticeships. As a former apprentice myself, I know first-hand how transformative they can be.” Councilor Carmel Swan, Cabinet Member for Climate Change, Transport and Sustainability at Derby City Council, said: “This is brilliant news for our city. 1Energy’s £100m investment in low-carbon heating will mark a transformative step forward for Derby – not only in our mission to tackle climate change by cutting carbon emissions, but also in fostering healthier, more resilient communities. “This initiative will help to keep homes and buildings across Derby warm in a more sustainable way whilst delivering wider benefits, from improving air quality and reducing fuel poverty, to enhancing public health and wellbeing. “This initiative will be a game changer for communities across Derby, and I look forward to working closely with 1Energy to deliver lasting benefits for Derby.” Phil Lovell, COO at SmartParc, said: “At SmartParc, we are pleased to be working with 1Energy Group, to jointly explore opportunities to provide low carbon heat to the Derby Energy Network. Collaboration opportunities offer greater scope to harness the work we’re already doing at SmartParc for the benefit of the wider city. “By harnessing innovative technologies and shared values, we’re contributing to a cleaner, greener Derby while supporting businesses and organisations across the city in their transition to net zero.”

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close