Phenna Group makes strategic acquisition
Enter outstanding schemes for Commercial Development of the Year at the East Midlands Bricks Awards 2025

The East Midlands Bricks Awards 2025
What: The East Midlands Bricks Awards 2025 When: Thursday 2nd October (4.30pm – 7.30pm) Where: Derek Randall Suite, Trent Bridge Cricket Ground, Nottingham Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands Tickets: Available here Dress code: Standard business attire Thanks to our sponsors:









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Midlands leads new era of clean energy growth as potential sites assessed for nuclear power stations
KPMG expands Nottingham footprint with new city centre office
Government steps in to support at-risk jobs following refinery insolvency
The UK government is stepping in to support the continued operation of the Prax Lindsey Oil Refinery in Immingham, North East Lincolnshire, after its owner went into administration, putting 420 jobs at risk. Prax Group, which acquired the refinery from Total in 2021, filed for insolvency last Sunday, prompting concerns from union representatives that as many as 1,000 jobs, including those of contractors and supply chain workers, could be affected.
The government has allocated funding to the official receiver to ensure the refinery’s safe operation. The Department for Energy Security has confirmed the refinery suffered losses of approximately £75 million from the 2021 acquisition to February 2024. Despite reassurances from Prax that no immediate closure was imminent, the company shifted its position last week, stating that it could no longer continue as a going concern.
Energy Minister Michael Shanks criticised Prax’s lack of transparency about its financial gap and its failure to cooperate in finding a solution. The government is now looking for potential buyers for the refinery and other uses for the site if a sale cannot be secured. The government has pledged to maintain energy supplies and protect the local community while supporting affected workers.
Trade unions, including Unite, are calling for immediate action to protect jobs and ensure the refinery’s continued operation. Concerns have been raised about the long-term future of the site, which is strategically important for both fuel production and local employment.
Chesterfield businesses urged to tap into £165bn industrial strategy
The UK Government’s newly unveiled Modern Industrial Strategy offers Chesterfield businesses a wealth of opportunities across sectors like advanced manufacturing, clean energy, life sciences, and digital innovation. The £165bn investment plan sets out a ten-year vision designed to fuel long-term growth.
Key measures include large-scale investments: £39bn for advanced manufacturing, £30bn for clean energy, and £31bn for creative industries, alongside £65bn directed at professional and business services. A significant £1.2bn per year is allocated for skills development, and £99m is earmarked for SME manufacturers through the expansion of the Made Smarter programme.
The Government has also introduced a new Business Growth Service, aiming to enhance access to support and funding, as well as reforms to planning procedures for faster project delivery.
Chesterfield’s established manufacturing sector and reputation for innovation make it a prime candidate to benefit from this strategy. However, the East Midlands Chamber is calling for further clarity on how the strategy will be delivered to ensure regional businesses can capitalise on these opportunities.