Former CBI Midlands director joins East Midlands Chamber as head of special projects

One of the region’s most prominent business leaders has joined East Midlands Chamber to help expand its engagement work with key Government decision-makers. Richard Blackmore, the former Midlands director of the Confederation of British Industry (CBI), has been appointed head of special projects. Sitting within the policy team, the newly-created senior role supports its work in lobbying politicians and senior civil servants at a local, regional and national level. Richard left the CBI earlier this month after seven years in the role and nine years with the organisation, where he had worked closely with the Chamber’s Chief Executive Scott Knowles and director of policy and insight Chris Hobson in presenting a unified business voice for the region. He said: “I’m delighted to be joining the East Midlands Chamber and working with Scott, Chris and the wider team. “Now, more than ever, business needs to be a leader in shaping the future economy and, working with our members across the East Midlands, I look forward to helping deliver this.” A key pillar of the Chamber of Commerce for Derbyshire, Leicestershire and Nottinghamshire’s remit is to work with Government to develop policies that create a positive trading environment for the local business community – which in turn leads to economic growth and job creation. Last year, the Chamber launched a regional economic blueprint, titled A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, in Westminster. The 12-page document presented local MPs with the region’s economic priorities and a series of national policy asks to help businesses achieve these. This work will be expanded upon as the Chamber gathers intelligence from the East Midlands business community ahead of the next General Election and development of the East Midlands devolution programme in Derbyshire and Nottinghamshire. Richard will support this work, as well as the Chamber’s ongoing engagement with the East Midlands Freeport team in developing the region’s unique proposition to foreign investors. East Midlands Chamber Chief Executive Scott Knowles said: “Richard brings a wide breadth of knowledge and great understanding of the East Midlands region and our thriving business community. “We are very excited to welcome him to the Chamber team in order to support the exciting policy engagement work we have planned as we build towards a General Election, the establishment of a new East Midlands Mayoral Combined County Authority in Derbyshire and Nottinghamshire, and other great economic opportunities.”

14th annual Prologis 100 charity cycle ride raises over £35,000

Celebrating its 14th year in the saddle, Prologis UK, a logistics property owner, developer and investor, has raised over £35,000 for charity through its annual cycle challenge. This year’s event, which took place on 14 September, took participants either 100 miles or 100 kilometres around the Northamptonshire countryside.

With over £400,000 raised since the event’s inaugural running, this year’s Prologis 100 saw over 130 people from Prologis UK, partners and friends of the brand take part to support three UK charities:

Breast Friends is run entirely by volunteers who have all been affected by breast cancer, offering support to those diagnosed with cancer on their journey. The volunteers work tirelessly to provide a much-needed source of comfort and support for those affected by the disease.Battens Disease Family Association is on a mission to help support everyone affected by Battens Disease, a rare childhood neurological disorder. The charity works to improve the quality of life of those affected and funds research into treatments, as well as providing support for families and carers. LandAid, a nationwide organisation that brings together the property industry to help raise money to support charities that provide lifechanging services for young people who are, or have been homeless, or at risk of homelessness in the future.

Paul Weston, regional head of Prologis UK, said: “Every year we hold the Prologis 100 and every year we are able to support a number of great charities doing really important work. This year was no different and as always, I feel incredibly privileged to be part of an organisation that puts such an emphasis on charitable work and giving back.

“From myself and the whole of Prologis UK, a massive thank you to all our sponsors and well done to everyone who took part.” 

Donations to Prologis 100 can be made here: https://www.justgiving.com/crowdfunding/prologis-100 

Work begins on £9.6m crematorium project

0
Bolsover District Council has broken ground on a £9.6 million project in Shirebrook that will see a new crematorium built. Named Roseland Park & Crematorium, the complex is due to be completed in spring 2025. It will include a main crematorium building, wake facility, florist kiosk and take away refreshments, car parking and both formal memorial gardens and informal parkland that will grow into a beautiful landscape to enhance the biodiversity of the site. Situated next to the existing cemetery in the town, the building work is being carried out by Bolsover District Council’s company, Dragonfly Development Ltd, and is a partnership with Shirebrook Town Council. Consultation has taken place with local funeral directors who gave their support for the project as it will provide a much needed local facility for people instead of them having to travel to Mansfield or Chesterfield to say goodbye to loved ones. Council Leader, Councillor Steve Fritchley said: “It’s been a long time in preparation, but I am delighted to see work starting on site. This is partnership working at its best, as the town council have donated the land and our own company, Dragonfly Development Ltd are building it, for the benefit of local people. “Shirebrook is a great central location for this type of facility and it will save travelling times and enable family and friends to celebrate the lives of their loved ones without feeling rushed. This is the latest in a long line of ambitious projects we have that will help enhance the facilities available to residents of Bolsover District.” Roseland Park and Crematorium is aiming to achieve BREEAM ‘excellent’ accreditation – an environmental accreditation for environmental efficiency. Cabinet Member for Growth, Councillor John Ritchie said: “Providing the district with a brand-new, environmentally friendly crematorium is a hugely important project. We understand the difficulty people in the area face when organising funerals and having to travel long distances. “Saying goodbye to loved ones is never easy and we hope that by providing this facility in Shirebrook, we can make the process a little more straight forward.” The facility will have a positive impact on the local area with the inclusion of eight new jobs to help with the maintenance and continued day-to-day operation of the site. It will also bring about new employment and training opportunities through the construction phase of the project i.e. apprenticeships, local labour clauses.

Time to prepare: PSTN and ISDN switch off occurs in December 2025

BT are ceasing their PSTN (traditional copper phone line) and ISDN (digital phone lines). You will either need: • Internet-Based Communication: VoIP services allow you to make calls over the internet using a broadband connection. You’ll have to subscribe to a VoIP service provider, acquire compatible VoIP hardware (IP phones or analogue telephone adapters), and configure the necessary settings to use the service. This may mean a new phone number, although some providers offer the option to retain your existing number. OR • A mobile network system (Mobile Communication): You can switch to mobile networks by using mobile or smartphones. This involves selecting a mobile service provider, obtaining a SIM card and activating a mobile plan.
Traditional landline phone services will stop working. WHY? The change is being made so that all telephony services move away from the old systems that have been in place for decades to a newer, more reliable technology. Some countries have already made the change and the rest of the world are planning on doing this soon.
You may need to get new phones, phone numbers and devices for these options. Existing landline phone may no longer be compatible with the new communication technologies. But in most cases the existing number (especially for businesses), should be able to be moved across (it’s called porting your number).
You’ll need to switch to other ways of making phone calls. If you use a phone system or have an Internet connection which relies on these traditional systems, whether at work or at home, you will be affected by this change. Any service that has not already been migrated to one of the new options will simply stop working.
How can LCS help? LCS can help you move seamlessly from the old to the new by implementing Voice Over IP (VOIP), or mobile systems. These may result in additional one-off cost to replace any incompatible handsets / systems but the on-going running costs should be cheaper than your current systems and be more reliable and provide additional functionality.
T: 01522 718192 E: support@lcsit.com W: www.lcsit.com

Completion closer for £90m development in the heart of the Silverstone Circuit

0
Unbranded Finance, the UK-based non-bank real estate lender, has closed a new revolving credit facility with Escapade Silverstone to assist with the completion of their flagship £90m development located in the heart of the Silverstone Circuit. The development, which is set to open in Spring 2024, and is already over 85% sold, comprises 60 residences and a trackside clubhouse. It includes a swimming pool, sauna, driver-focused gym, restaurant and roof terrace. Escapade was advised in the transaction by London-based residential and hospitality financing experts, RCP Finance, who were also responsible for arranging the construction financing for another recently completed development at Silverstone. Escapade Silverstone provides the opportunity for individuals and corporates to own a piece of the world-famous Silverstone venue, home of the British Formula 1 Grand Prix. Two-, three- and four-bedroom residences are available for purchase, all sitting within the 14-acre Escapade Silverstone site. Located 12 metres from the edge of the track and next to Silverstone’s fastest and most beloved series of corners, the Clubhouse and Trackside Residences have far-reaching views across much of the Silverstone estate. Owners will be able to uniquely benefit from the hospitality returns generated from the 1.2 million+ visitors that are attracted to Silverstone each year, the 7 million visitors that head to nearby Bicester Village, and a central UK location which ensures 50% of the population are within a 90-minute drive. It will also offer a private space to stay and entertain, owners will have year-round access to the Clubhouse and all its amenities, even when not staying overnight, as well as priority access to the legendary tarmac and tickets to all events. Unbranded co-founder, Oliver Holt, said: “Escapade Silverstone is an ambitious, creative and original concept which has proven to be highly successful. With construction now 70% completed, and only a few properties remaining, it demonstrates the huge demand for this motorsport centric ownership and investment opportunity. “We were immediately impressed with Will Tindall and the wider Escapade team’s vision and execution of this exciting project. Unbranded remains committed to providing funding for best-in-class borrowers with high quality property assets like Escapade Silverstone.” Will Tindall, founder and CEO of Escapade, said: “The Unbranded team have personal interests in motorsport, deep knowledge of the hospitality sector, and a strong understanding of the project requirements. “They have proven to be a highly flexible partner, quick to respond, and a pleasure to deal with at each stage. We have now sold over 85% of the properties and are nearing construction completion. We’re looking forward opening in Spring 2024 and being able to work with Unbranded on our future projects.” Christopher Khoi, Managing Director of RCP Finance, said: “I’m thrilled to have teamed up with the Unbranded team and the dynamic Will Tindall at Escapade to put together this financing solution. “We can proudly announce that this is our second successful transaction at the racetrack. We are looking forward to closing more hospitality and lifestyle related financing transactions across the UK, Europe and overseas.”

Final planning approvals received to increase affordable homes provision at Wellingborough development

0
Countryside Partnerships, part of the Vistry Group, the provider of affordable mixed-tenure homes, has received final planning approvals and signed forward sale agreements with two partners to enable the creation of 217 new homes at Station Island, part of Wellingborough’s Stanton Cross development. The plans will see Countryside partner with registered housing provider Stonewater to deliver 128 of these as affordable homes, which Stonewater will own and manage. A further 89 homes for private rental will be created on a separate new area of land as part of the same scheme and will be owned and managed by the single-family build-to-rent provider, Sigma, taken to market under its Simple Life Homes brand following a further forward-sale agreement. The homes will deliver further much-needed housing for the local area, and form part of a new community which is already well-established at Stanton Cross. As a whole, this flagship neighbourhood, which is situated next to Wellingborough train station, will offer 3,650 new homes alongside leisure and community facilities, shops, offices, a newly opened primary school on Irthlingborough Road, along with a 115-acre Town and Country Park as part of the site’s ongoing green infrastructure planning. The site is responsible for creating more than 3,000 jobs and will drive more than £1bn of investment into the area. Andy Reynolds, Managing Director of Countryside Partnerships South East Midlands, said: “With the final planning consents in place and our partners lined up, we’re ready to turn plans into reality, delivering 217 mixed-tenure new homes for the local community. “Working in partnership, we can make a significant contribution to the area’s affordable housing provision, whilst turning a previously disused area of brownfield land into another important and exciting milestone on the Stanton Cross journey. We’re looking forward to getting underway.” Chris Montague, Development Director (East & North) at Stonewater, added: “As the housing crisis continues, and rising house prices pose significant challenges to those looking to rent or buy their own home, we know that a diverse range of housing and tenures is required to meet this need, and our partnership with Countryside will help to significantly increase the range of housing options and choice available to the benefit of local people in Wellingborough. “Furthermore, the homes will be delivered with a range of modern energy efficiency features, including air source heat pumps and photovoltaic panels, which will bring additional benefits to customers and the wider community.” Jason Berry, Regional MD at Sigma, said: “We’re thrilled to be working with our longstanding partner housebuilder, Countryside Partnerships on yet another development which marks a new area of our build to rent brand, Simple Life Homes. With over 5,500 properties across the UK already, we’re delighted to be offering further local people a high-quality, new-build rental option, teamed with a professional service throughout their tenancy.” Lee Barrett, Divisional Operations Director for Stanton Cross Developments, said: “This partnership further underpins the tremendous progress we are making in creating a major residential-led development that builds a diverse and fully integrated, welcoming community where people want to live, and which allows local people to continue living locally.”

Freeths reveals another record performance

0
Law firm Freeths, which has offices in Nottingham, Leicester and Derby, has revealed another record performance in its financial results for 2022/23, with turnover up by 14.9% to £129m – an increase of £17m from last year. Today’s published accounts come following a year of significant expansion for the firm. In July 2023, Freeths launched its first office outside of England, with partners Paul Ockrim and Nick Taylor joining from Addleshaw Goddard to lead the new Freeths office in Glasgow, Scotland. As one of the fastest-growing UK firms, Freeths has continued to deliver compound organic annual growth in excess of 10% since 2015. Karl Jansen, Freeths national managing partner, said: “Freeths’ continued success is driven by the dedication and talent of our people, and the strength of our client relationships. Our firm is built upon strong values of working together to create smart solutions for our clients. “With ambitious plans, our ongoing investment in our people, technology and innovation, and our office network and modern working environment, continues to provide opportunities for growth, and it’s reflected in the record results we publish today.”

Derbyshire sustainable power solutions specialist acquired

0
Speedy Hire Plc, the provider of tools, specialist equipment and services, has acquired Derbyshire sustainable power solutions specialist, Green Power Hire Limited (GPH), for an enterprise value of £20.2m. The total consideration represented £10m of equity value and assumed debt of £10.2m which was settled at completion. Speedy acquired GPH from its principal shareholder, Russell’s (Kirbymoorside) Limited, and four other shareholders. GPH is a recognised owner and supplier of Battery Storage Units (BSU) to the UK rental market, mainly to the construction sector. GPH’s BSUs, with their digital capability, enable customers to achieve both financial and environmental savings compared to alternative systems available. Mark Chamberlain, director and one of the vendor shareholders of GPH, joined Speedy at completion as an integral part of the ongoing management team. Dan Evans, Chief Executive, Speedy, said: “The acquisition of Green Power Hire is further evidence of our Velocity strategy in action, strengthening our market leadership in combining product innovation and sustainability, and positioning Speedy well in a high growth segment of the market. “Alongside investments such as our partnership with Niftylift and our proposed JV with AFC Energy, the acquisition progresses the sustainable and technological evolution of the sectors we operate in, supports our ambitious plan to become a net zero business by 2040 and will deliver long term benefits to our customers, our people and our investors.”

Image Scan hails strong sales and profit growth

0
Image Scan, the supplier of X-ray screening systems to the security and industrial inspection markets, has hailed strong sales and profit growth in a pre-close trading update for the year ended 30 September 2023 (FY23). Unaudited revenue is expected to be £3m for FY23, up from £2m in FY22, while pre-tax profit is anticipated to be £0.1m, recovering from a £0.35m loss last year. Restructuring and cost control programs at the Leicestershire-based firm are said to have contributed to the return to profit. Image Scan’s Chief Executive, Vince Deery, said: “I am delighted with the work we have undertaken this year to ensure organisation changes and cost controls have had their impact which has helped deliver the hugely welcome return to profit. “With the improving market conditions, we wish to build on this result and use the coming period working with significant shareholders to look at the strategic opportunities for growth as a listed business.”

Plans resubmitted for Derby city centre food and drink market

0
A developer has resubmitted plans to create an outdoor artisan food and drink market in Derby city centre. Burton Abbey Developments has put forward revised plans for The Yard Derby, which would be sited on a small, unused plot of land in St Peter’s Churchyard. Proposals for the food and drink market have been turned down by Derby City Council’s planning committee on two previous occasions. Now, it is hoped that it will be third time lucky for the scheme. The latest submission includes revised plans with alterations to the market’s size and layout compared to previous proposals. The proposal has strong backing from the local business community – including Marketing Derby, which has submitted letters supporting the proposals and the land’s change of use. In the letter supporting the proposal, John Forkin, Managing Director of Marketing Derby, writes: “Burton Abbey Developments’ proposal to create an artisan food and drink market delivers substantial benefits for an area of the city that is challenged both economically and socially. “It fits with the ambition of Derby City Council in regenerating underused parts of the city and to diversify the daytime and night-time economies.” The new proposal for The Yard Derby involves creating 10 retail units, a reduction from the previous 12. These spaces would be arranged in an ‘L-shaped’ configuration along the southern and western edges of the site, situated away from the Grade II*-listed St. Peter’s Church and the Grade II*-listed Old Grammar School. Additionally, the plans incorporate a seating area with a capacity for up to 100 people. One key aspect of the proposal and location involves the developer’s plan to create an entrance to the new market through the historic 19th-century wall bordering the site. According to Derby City Council, this wall is considered “curtilage listed,” which means it’s not listed as a Grade itself but is a valuable element within an area where Grade Listed structures are present. As a result, it should be treated with the same level of care as the Grade Listed structures in that vicinity. However, in their updated application, Burton Abbey Developments argues that there is room for discussion regarding the wall’s “heritage significance” in the city and are once again advocating for its partial demolition. Marketing Derby’s letter of support states: “This particular piece of land sits on a significant pedestrian thoroughfare for visitors to the new 3,500 capacity performance venue on the regenerated Becketwell site from areas such as Derbion, the bus station and the Market Hall. “The owner seeks to enhance and make reparations to the boundary wall and therefore improve the overall aesthetic from its current dilapidated condition. “While there is an appreciation of the historical significance of the site, the proposed improvements serve to enhance and promote the important heritage. This is proven by the encouraging endorsement of local heritage specialists.”