East Midlands Cyber Resilience Centre teams up with Derbyshire Constabulary to deliver free cyber security guidance to local businesses

The East Midlands Cyber Resilience Centre has teamed up with Derbyshire Constabulary to deliver free cyber security guidance to local businesses within Derbyshire in a new community outreach campaign which will see the team visiting numerous towns across the county over the summer months. The campaign, which has the full backing of the Derbyshire Police and Crime Commissioner Angelique Foster, will see members from the Cyber Resilience Centre, Derbyshire Constabulary’s Cyber Crime Unit and Safer Neighbourhood Officers taking to the streets and talking to local business owners, promoting the Cyber Resilience Centre and its benefits to Derbyshire businesses and local services. The East Midlands Cyber Resilience Centre (EMCRC) is a police-led initiative which utilises the skills of its business and university partners to help small and medium sized organisations to better protect themselves against online threats by offering advice, guidance and the necessary services to make themselves more secure. Small to medium sized organisations seldom prioritise cyber security, often believing it to be unimportant or too expensive. They may be of the belief that they won’t be targeted by cyber criminals because they’re a small enterprise, when in fact the figures point to a small business in the UK being successfully attacked every 19 seconds. It’s hoped that by partnering with Derbyshire Constabulary our business communities will be confident that this police-backed campaign is important, trustworthy and worthwhile, leading them to take advantage of the EMCRC’s free community membership. The campaign begins on Tuesday, June 13, in Derby city centre, aided by the Derby City Centre Safer Neighbourhood Team. During the summer months, the EMCRC team – together with local SNTs and members from the Cyber Crime Unit – will visit towns such as Chesterfield, Matlock, Bakewell, Ashbourne, Ripley, Alfreton and Swadlincote amongst others, encouraging businesses in each area to bolster their cyber resilience via their free community membership, dispelling the myth that basic cyber security measures are expensive. Detective Inspector Colin Ellis from the EMCRC, said: “This is a really important campaign which will, by raising awareness of online crime, help to better protect our business communities and important local services. That’s why the Police and Crime Commissioner Angelique Foster and Derbyshire Constabulary are fully supporting us. “Cybercrime is not just a big business problem. On a daily basis it affects far more of our small businesses, charities, schools and other organisations, but these attacks don’t get the media coverage that the big businesses get. That’s why it’s important to make our local businesses aware of the threat of cyber-crime and help them become better protected.” For more information on the East Midlands Cyber Resilience Centre and to access free community membership, visit their website at www.emcrc.co.uk

Frasers Group acquires strategic stake in online electricals retailer AO

Shirebrook-based retail giant Frasers Group has acquired a strategic stake of 18.9% in online electricals retailer AO World Plc.

Frasers Group has purchased 109,400,000 issued shares at a price of 68p totalling an investment of £75m. The investment is said to be the culmination of productive talks over the last two years about establishing a strategic partnership.

Michael Murray, CEO of Frasers Group, said: “Frasers has long admired what John and the AO team have built, and we are delighted to have the opportunity to form a supportive, strategic partnership. AO is a fantastic business with a clear strategy which is leading the market in online-only electricals.

“Through this investment, Frasers will benefit from AO’s valuable know-how in electricals and two-man delivery, helping us to drive growth in our bulk equipment and homeware ranges. In turn, AO will have the opportunity to benefit from Frasers’ expertise and ecosystem.” 

John Roberts, founder and CEO of AO, said: “This is great news for AO and a fantastic endorsement for our business. We are delighted to welcome Michael and the wider Frasers team into the AO family and look forward to realising the significant potential that we see for this partnership.

“As we continue to build on our strategy of pivoting to profitable growth, it will be hugely exciting to have a range of compelling strategic opportunities to explore together and we’re very much looking forward to working with Michael and his team.”

Softer rise in East Midlands output, but new order growth sustained in May

The headline NatWest East Midlands PMI® Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – posted 50.8 in May, down slightly from 51.5 in April, to signal only a marginal expansion in output at East Midlands private sector firms. Greater business activity reportedly stemmed from a sustained uptick in new orders. The rise in activity was the fourth in successive months, but was the weakest in this sequence of growth. Moreover, the rate of increase was slower than the UK trend, with only Yorkshire & Humber and Scotland recording softer upturns, while Wales posted a decline. Private sector firms in the East Midlands registered a fourth successive monthly expansion in new business during May. The pace of growth accelerated to the second-fastest since March 2022, despite being only marginal overall. Anecdotal evidence suggested that greater new orders were due to stronger demand conditions and increased customer referrals. The rate of expansion was slower than the UK trend, however, despite the pace of growth at the UK level easing. Output expectations across the East Midlands private sector remained upbeat in May, as the level of business optimism posted slightly above the long-run series average. Hopes of a pick up in client demand, and planned investment in new products and machinery reportedly drove positive sentiment. Although the degree of confidence slipped to a three-month low, it was broadly in line with the UK average. May data signalled a marginal uptick in workforce numbers at East Midlands firms. Alongside reports of greater ease in hiring following increased availability of candidates, companies stated that employment rose amid new business growth. That said, the pace of job creation slowed from that seen in April, reflecting the wider UK trend which also indicated only a marginal rise in staffing numbers. Private sector firms in the East Midlands signalled an eighth successive monthly decrease in the level of outstanding business in May. Survey respondents noted that lower backlogs of work were due to sufficient capacity and muted growth of new orders. The rate of contraction slowed to the weakest since November 2022. The pace of decline was quicker than the UK average, despite softening. Cost burdens faced by East Midlands private sector firms continued to increase during May. The rate of inflation picked up fractionally but was the second-slowest since February 2021. Nonetheless, the pace of uptick was sharper than the series average and broadly in line with the trend seen across the UK as a whole. Hikes in input costs were often linked to greater wage bills and higher prices for some raw materials including timber and concrete. May data signalled a softer but still marked uptick in output charges at East Midlands companies. Anecdotal evidence commonly highlighted the pass-through of increased costs to clients as driving the rise in selling prices. Although steeper than the long-run series average, the rate of increase in output prices was slightly weaker than the UK trend. Some firms noted that efforts to drive new sales sparked a slower rise in charges. Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “Firms in the East Midlands continued to register expansions in output and new business in May, however, rates of growth remained muted and only marginal overall amid challenges posed by the cost-of-living crisis and ongoing inflationary concerns. “Nonetheless, some resolution to issues faced earlier in the year with regards to firms’ ability to hire meant that employment grew again, as capacity shortages in certain areas were plugged. “Inflation remained a key concern for firms and their expectations regarding future output levels and demand conditions. Cost pressures were sticky in May, as the latest data signalled a reversal of the recent downward trend in input price inflation. Efforts to drive sales in the face of strain on margins, however, led to a softer uptick in charges.”

East Midlands Chamber urges businesses to adopt new thinking in recruiting and retaining people amid skills gaps

From supporting out-of-work people to find sustainable jobs to creating workplaces where employees feel they “belong,” new thinking is needed from businesses to plug major skills gaps, says East Midlands Chamber. The business support and representation network for Derbyshire, Leicestershire and Nottinghamshire is embarking on a strategy to support firms with their people needs by gathering intelligence from employers, facilitating the sharing of best practices and creating new toolkits. A key milestone in this work was the East Midlands People and Skills Summit, held in partnership with Loughborough University at its West Park Teaching Hub (Thursday 8 June). More than 200 delegates heard from speakers including Baroness Nicky Morgan, the former Education Secretary who now chairs The Careers and Enterprise Company, a national organisation that helps to bring employers closer together with educators in developing careers education. Naomi Clayton, director of the Learning and Work Institute, also discussed research into why the UK has a shortfall of about one million workers compared to pre-pandemic trends because of rising economic inactivity levels – in which people have left the labour market for reasons such as long-term sickness, caring duties, studying and early retirement. East Midlands Chamber director of policy and insight Chris Hobson said: “People are a critical ingredient to businesses realising their growth ambitions, yet many have faced major challenges in finding the skills they need from one of the tightest labour markets we have ever seen. “In 2023, we are in a position where a multitude of changes are unfolding – whether it’s in technology, ways of working or the make-up of our society and workforce – which means we must adopt new thinking to how we recruit and retain our people for business needs. “The Chamber has a key role to play in helping firms navigate these areas, and the East Midlands People and Skills Summit was a major milestone in this body of work, with the insights we learned helping us to determine the practical business support tools we can create. “These cover how they can tap into the young talent coming out of our schools, colleges and universities, but also includes how we engage those people who have left employment since the beginning of the pandemic. “We must also consider how to create a sense of belonging within workplaces, which engages a more diverse workforce with the ability to bring new ideas, perspectives and skills to an organisation – ultimately benefitting the bottom line.” East Midlands Chamber’s Quarterly Economic Survey showed that while six in 10 East Midlands businesses attempted to recruit in the first three months of 2023, almost three-quarters (73%) of those struggled to fill roles. Other key activity within its people and skills focus includes dedicated research into inclusive workplace policies across East Midlands employers, a roundtable about how to support more businesses in this area, and the launch of a Collective Skills Intelligence Observatory that provides a data-led approach to help companies and educators understand skills needs and delivery in local areas.

Plans to activate Broad Marsh streets take a step forward

Proposals to activate streets around the Broad Marsh area have taken a step forward with a decision to remove restrictions to allow trading to take place. The City Council is looking to establish areas in the revitalised streets around Broad Marsh where businesses could set up to give a flavour of what to expect once the area is redeveloped. The move would allow pop-up businesses to set up shop on a number of streets including Sussex Street near the new Nottingham College building, Collin Street opposite the new Central Library and Listergate near the soon-to-be-developed Green Heart space, with a view to potentially staying in the area long-term. This early activation of the site aims to drive footfall to parts of the site which have been underused and overlooked but have now benefited from extensive regeneration. This will further enhance the gateway into the city centre, by giving the million people who pass though the area each year reasons to stay rather than simply walk through. This includes visitors to the city coming from the train station, tram system and new Broad Marsh bus station and car park, along with thousands of students at the new Nottingham College. This approach would give early adopters the opportunity to experiment with their offer and test how it might be incorporated into the site in the longer-term. It could involve independent traders, food and drink outlets, entertainment including seasonal events and opportunities for local producers, suppliers and artists to showcase themselves. It follows a soft market testing exercise carried out by the council which will help establish what is needed to make the sites commercially viable. A meeting of the council’s Regulatory and Appeals Committee today (June 9) approved Collin Street, Sussex Street and several other sites around Broad Marsh being redesignated from prohibited to consent streets, meaning trading can take place. This decision will be open to consultation before returning to the committee. If approved, the new designation could be implemented in December. The move comes as the area continues to be redeveloped. The new Central Library is due to open and work on the Green Heart area is set to start later this year. Public realm improvements like those already carried out on Carrington Street and Sussex Street will also get underway on Collin Street, connecting the new library and new college via amphitheatre-style steps and offering a fresh new gateway to the city via the Green Heart area and Listergate. City Council Leader, Cllr David Mellen, said: “We’ve made fantastic progress on our plans to completely change the look and feel of this part of the city. Streets that were once filled with traffic are now pleasant places to be, students are enjoying the new college, and the new bus station and car park are up and running in a modern building where the new central library will open later this year. “Work on the Green Heart and Collin Street improvements will also get underway this year – but we know that it will be some years before the vision for the whole site will be fully realised. We believe there is a very exciting opportunity to use parts of the site in the short and medium term for a variety of activities, as part of the first phase of the ongoing transformation of the area. We’d like to hear people’s views on this and hope that if there is general agreement, we can move this forward before the end of the year.”

Contract awarded to construct 190,000 sq ft speculative warehouse in Nottingham

Construction company, Glencar has been awarded a contract by privately owned commercial property development company Rula Developments and specialist European real estate investor Blackbrook to build a new 190,598 sq ft speculative industrial development at its Fulwood Park development in Nottingham. The development will comprise of a state-of-the-art distribution centre and offices, complete with car park, 50M service yard, site access and associated external services. It will be built to be BREEAM Excellent rated. Construction of the facility commenced during April 2023 and is expected to take 46 weeks with the development expected to be available for occupation by the start of April 2024. Being marketed as Fulwood 190, the 14-acre development is situated on the established Fulwood Industrial Estate, which is adjacent to the A38 (Alfreton Road) and approximately 1.5 miles from Junction 28 of the M1 motorway. J28 is recognised as the largest strategic cluster of distribution space in the northern part of the East Midlands. Eddie McGillycuddy, Glencar CEO, said: “This is the second instruction we have received from Rula Developments to date and we are absolutely delighted to be back on site delivering for them. It was a great experience for the team and I to be on site for the ground-breaking ceremony on Wednesday 7 June to get this project fully up and running. “This partnership is a testament to Glencar’s unwavering commitment to excellence and customer satisfaction through repeat business. We are thrilled to bring our expertise and dedication to this scheme, ensuring the successful realisation of Rula and Blackwood’s vision in this important location within a well-established logistics cluster in the East Midlands.”

Chesterfield mortgage brokerage acquires counterpart

Chesterfield mortgage brokerage, Mortgage 1st has acquired Peak Mortgages & Protection. Formed in 2008, the family-run company has grown exponentially. During that time Mortgage 1st placed over 10,000 mortgages in arranging £1.67 billion of lending. The move will see Mortgage 1st increase to over 70 staff and follows the launch of their insurance brand, Protection 1st. Mortgage 1st director Jon Stones said: “The opportunity to bring Peak into Mortgage 1st is a unique and ideal scenario. One that will see us continue to grow but also maintain our culture. We’re excited to welcome everyone from Peak into our team. We can’t wait to see how both brands continue to grow alongside one another.” Rhys Schofield, founder of Peak Mortgages & Protection, says: “We are extremely proud and privileged to be a part of Mortgage 1st. Working alongside like-minded people who share the same drive and dedication was an absolute must for me. Jon and Lisa have built a wonderful brand. Visiting their head office I knew this was the perfect home for Peak.”

Lincolnshire-based insurance brokers become latest EMCRC Community Ambassador

Thompson & Richardson has been welcomed as the latest Community Ambassador at the East Midlands Cyber Resilience Centre (EMCRC).

Founded in 1964, the Thompson and Richardson Group are Lincolnshire’s leading insurance broker. Their size enables them to negotiate excellent terms from the insurance market and gives them significant access to the London Market, which is vital to offering the complete insurance package.

The Thompson & Richardson Group provide a professional insurance broking service to corporate, commercial and personal clients.

They will become the latest Community Ambassador to join the Centre, and as a Top 50 Insurance Broker, they will help highlight the importance of cyber insurance, something that many businesses overlook but which should be a vital aspect of their cyber security framework.

In addition, their affiliation with the EMCRC will grant members access to a cyber insurance specialist to coincide with the offerings of existing Community Ambassadors who provide resilience services in IT, retail and education.

Community Ambassadors are local companies who understand the importance of cyber resilience and who want to spread that message as wide as they can.

They do vital work, supporting the EMCRC’s message through raising awareness of its aims and objectives and directing their customers, business communities and supply chains to take advantage of the EMCRC’s free membership and affordable services.

DI Colin Ellis, MD and Police Lead at the EMCRC, said: “I’m really pleased that T&R have joined us as one our community ambassadors. As well as offering a range of useful insurance experience, they will also offer our members expertise around cyber insurance which is critical to cyber resilience.

“T&R recognise the important work that the EMCRC have set out to achieve and they were keen to come on board – which is really pleasing.”

Thompson & Richardson are another great addition to the EMCRC’s Community Ambassador group, and it shows the EMCRC’s ambition as a Centre that it wishes to partner with outstanding businesses and organisations.

But the EMCRC’s ambition doesn’t end there. It is seeking the support of other distinguished businesses and motivational business leaders by joining not just as Community Ambassadors, but as Community Members, Friends of the Centre or Board members. EMCRC now has the scope for businesses to join on various levels of affiliation.

If you would like to support the EMCRC’s work and join its community, or feel you can bring equal skill, vision and ingenuity to the Centre in other areas, then please contact the EMCRC via its website or contact Colin Ellis via his LinkedIn account.

Further progress for Nottingham’s Island Quarter as student scheme tops out

The latest phase of Nottingham’s Island Quarter has moved a step closer to completion as the final structural beam of its student accommodation scheme was put in place. The moment was marked with a topping out ceremony for the ongoing phase, which will be home to nearly 700 students from next autumn. The block is currently under construction by Bowmer + Kirkland, and once completed will be managed by Fresh, a leading student accommodation provider. The student accommodation forms the second phase of the 36-acre development, with the initial phase – restaurant and entertainment venue 1 The Island Quarter – opening its doors in September 2022. The Conygar Investment Company – the developer behind the scheme – has also recently received planning permission for nearly 250,000 sq ft of bioscience and laboratory space which will be situated next to the student accommodation, and will also be looking to start work on its flagship 17-storey IHG hotel later this year. Christopher Ware, property director at Conygar, said: “Alongside the recently updated masterplan and the planning consent for our bioscience facility, this topping out is another key landmark in what has already been a pivotal year for The Island Quarter. “From the very outset, we wanted The Island Quarter to be an exemplar of intergenerational living, and this high-quality student accommodation will not only help us reach those ambitions, but also strengthen the offer that Nottingham has for students, ensuring we get the highest calibre of students in our city and attending our universities.” Designed by DAY Architectural, the student accommodation will offer a range of room types including studio flats and cluster living, and also features a high-level sky lounge, private courtyard, socialising and studying space. Christian Parnell, Bowmer + Kirkland regional director, said: “We are delighted to be a part of this significant milestone for the project. The topping out ceremony marks the one year anniversary that B + K started work on this site. Everyone – Conygar, consultants, and ourselves – have worked well together, and collaboratively, to get where we are today. We are now focused on delivering the project for next year’s student intake.” Craig Bryant, strategy and business development director at Fresh, said: “The topping out today is a hugely significant milestone as we move a step closer to welcoming our first cohort of students to their new home in 2024. “Fresh has been involved throughout the development, providing advisory services to ensure our unique insight has been designed into the scheme from the beginning to deliver what students want and to exceed our client’s expectations. “The Island Quarter is set to be a very exciting development in this great university city, and we can’t wait to add 693 beds to our existing presence in Nottingham.”

Lincoln cyber security firm sold

Lincoln-based cyber-security-as-a-service (CSaaS) provider Cyberlab Consulting Ltd has been sold to technology provider Chess for an undisclosed sum. As part of a shared growth strategy, the acquisition will supercharge Cyberlab’s expansion, as well as add a unique product to Chess’s extensive suite of existing products and services. Expanding its portfolio and solidifying its position as a leading technology service provider, the strategic acquisition will see Chess add Cyberlab’s innovative CSaaS portal as a new service to clients. The portal simplifies the oversight of security posture, identifying individual blind spots and providing tailored training programs to automate fixes. Ryan Bradbury, founder of Cyberlab, has joined Chess’s team as part of the deal, taking on the role of CTO. He said: “We’re delighted to be adding something new, which fits perfectly into Chess’s existing incredible portfolio. There is huge potential for our portal and the backing of such a big player like Chess will help us to meet our ambitions for the Cyberlab brand.” Chess employs more than 300 people across the UK and supports more than 1,000 UK blue-chip enterprise businesses, government departments, and household names. Its expanded capabilities now cover a wide range of services, including testing, assessment, discovery, consultancy, delivery, and hardening. Michael Squirrell, partner at Shakespeare Martineau, who advised founders Ryan and Jessica Bradbury on the sale of Cyberlab, said: “There are clear synergies between the businesses and obvious wins from their union. We’re very happy to have supported Ryan and Jessica on the sale.” The Shakespeare Martineau team involved in the deal also included corporate associate Ashley Taylor, corporate solicitor Nana Maisuradze, intellectual property partner Kerry Russell, and employment expert Oscar Ciaurro. Antony Voakes and Amy Weston at Wright Vigar advised on tax and financial matters. Chess was represented by Nimbus Legal and Vector Tax Consultancy.