£1.8m investment transforms former convent into rehab centre
A 300 year old former convent has been renovated and refurbished into a state-of-the-art rehabilitation facility.
The £1.8 million refurbishment has transformed the former Convent of the Holy Name, in Oakwood, Derby. The Georgian building’s interior has a new wing of ensuite bedrooms, a modern kitchen for residents, and the chapel has been repurposed into a discussion and break-out room.
The centre, due to open at the end of October, will be run by the charity and housing association Phoenix Futures, which helps vulnerable individuals recover from drug and alcohol addiction.
The nuns who previously inhabited the convent left in May last year for a new home in Yorkshire. The community had been in the Derby suburb for more than 30 years.
The new rehabilitation centre has 38 private rooms, with a team of staff supporting residents with their psychological and social needs, said James Armstrong, Phoenix Futures’ director of marketing and innovation.
James said: “Everyone has potential to make change. This residential service is designed for people who have struggled to access treatment and make the changes they desire in the community. It is one of the only residential facilities to offer support for drug, alcohol and mental health needs on one site.
“For the last decade residential treatment services have been closing due to lack of funding. This will be the first since the new drug strategy was introduced last year to address the inequality of access for people with more complex needs.
“We will work with partners to provide therapeutic support on a one-to-one and group basis, with professional support workers, to help reduce the blame and shame there can be around addiction.
“Residents will be encouraged to support each other and to develop their living skills by being involved in running some aspects of the building, working together as a self-supported community to achieve positive results.”
Deadline extension for Pendragon takeover bid
The London Stock Exchange has agreed an extension on the deadline for Pendragon’s takeover bid by Hedin Group, so that the Swedish based firm can conclude discussions and due diligence with the firm.
The deadline extension gives the firms until 5pm on November 21st, 2022 by which time Hedin must then decide whether to make a formal takeover bid for the car giant which owns Evans Halshaw and Stratstone.
Hedin Group, whose board includes Trevor Finn – the former Pendragon Chief Executive of Pendragon, initially announced its interest at 29p per share but has since this, declaring via the London Stock Exchange that it would consider a takeover bid of 35p per share.
In the meantime, Pendragon which found itself embroiled in a $60m ransom demand after a cyber security breach, has stood fast on its intentions not to make payment to the cyber gang. But the threat is still hanging over the heads of the Pendragon board.
Cost-saving technology in abundance at Midlands Machinery Show
High input prices, labour shortages and environmental pressure are all driving the need for increased efficiency on-farm, and agricultural suppliers are responding.
At the Midlands Machinery Show on 16-17 November at Newark Showground, visitors will find technology that improves performance, precision and safety of machinery. There will also be time-saving innovations for operators, software that optimises input use and apps designed to provide information for more informed decision-making.
The latest JCB Fastrac will be making its Midlands Machinery Show debut. It will sit alongside a selection of other JCB handlers exhibited by Sharmans Agricultural and G&J Peck.
“The Fastrac has always had strong appeal with its unrivalled ride comfort, great all-round visibility, and fast working and road speeds, says managing director of Sharmans, Scott Barclay.
“With the new iCON version, it’s also up with the best in terms of tractor and implement control and guidance, with an enhanced transmission contributing to a more enjoyable, more productive experience for the operator.”
Pecks and Sharmans also plan to exhibit some of JCB’s world-leading range of Loadall telescopic handlers. Earlier this year, the range was expanded with the new 542-70 AGRI Pro which is said to significantly increase productivity potential for large farming enterprises and contracting businesses.
Burdens Group will be showcasing New Holland’s new T7 Heavy Duty with PLM Intelligence tractor. The latest model has a wide variety of features designed to optimise efficiency. IntelliTurn, for example automates steering during headland turns, selecting the optimum route to minimise time and compaction. It can be combined with the HTS II control, which records and stores all implement sequences and operations at the headland.
When it comes to manure handling, the rising cost of synthetic fertilisers has increased demand for the FBS18 Manure spreader, says Amy Taylor at Richard Western. “It is a rear discharge spreader which has horizontal beaters with spinning discs. It is designed to handle all types of farmyard manures, sludges and waste product,” she says.
Alongside the manure spreader, Richard Western will be showcasing the BTTA16/28HS bale trailer with a safe lock bale clamping system, developed to allow farmers to load bales quickly and safely. Also on display will be the SF18HS Suffolk trailer fitted with a hydraulic roll-over sheet – a more effective, quicker and safer way to cover loads than the conventional manual easy sheet.
Root crop growers will find a range of innovations at the event, too. Tong Engineering has recently announced its latest product development – an advanced optical sorting option available on all new models of its popular field loader machine, the FieldLoad PRO.
“With rising costs and an increasing need for growers to streamline their post-harvest operations to get tractors and trailers off the roads, carting less soil and generally minimising crop mileage, the demand for our FieldLoad PRO has continued to increase since its launch in 2018,” says Charlie Rich, sales director at Tong Engineering.
“Recent results have been very impressive, both in terms of the amount of labour that can be saved at this stage of the post-harvest handling process, as well as the potential reduction in storage costs as only good crop is being stored,” he notes.
Technology at the event isn’t limited to machinery hardware. Visitors will also find exhibitors demonstrating a range of software and apps designed to improve accuracy and arm growers with information.
Lemken, for instance, will be showcasing its digital solution, iQBlue, designed to make work more efficient, both in the field and in the office. The easy-to-install module is a cost-effective alternative to upgrading kit, so users can benefit from optimised implement performance and automatic data management.
Cost-efficiency has also been at the heart of Drone Ag’s latest development – the Skippy Scout Android app. Like it’s iOS counterpart, the Android app gives users real-time reports on plant counts, green area index (GAI), crop health and flowering ratio- saving time and providing deeper actionable insights which can enhance crops yields and profitability.
“By introducing the Android app, we have been able to design new features like creating field boundaries,” says Drone Ag founder Jack Wrangham. “Android devices are also far cheaper than Apple, which will enable more users to access the app at a lower price using existing phones, tablets or computers.
“Skippy Scout automates drone flights using field maps to navigate a drone to points of interest. Users need not have any experience of flying drones or a license* because Skippy will fly the drone for them,” he explains. “Our image analysis takes only minutes after the drone has completed its flight to present high resolution photographs and crop data. This means that users can identify problems with crops, like weeds or pests, more quickly by viewing the leaf level images on their phone or tablet.”
R&D investment plunges to new lows says new report
The UK’s share of global research and development (R&D) investment has fallen by a fifth since 2014, according to new analysis of the most recent data by IPPR.
The drop, from 4.2 per cent to 3.4 per cent, has occurred despite consecutive prime ministers talking up science and innovation as a core part of their growth strategies – from David Cameron’s ‘jewel in the crown’ to Boris Johnson’s ‘science superpower’.
The UK only places 11th in the OECD in terms of total R&D investment as a percentage of GDP, well behind countries like Austria, Switzerland and the USA.
Had the UK’s 2014 share of global R&D investment been maintained, it would have been £18 billion – or 26 per cent – higher in 2019.
According to IPPR research, the UK would need to invest an additional £62bn this year – from public and private sectors – to overtake Israel as the leaders in R&D spend.
Additional modelling by IPPR indicates that state investment fuels private sector investment. For example, if the UK government invested a further £1bn in R&D, private sector investors would contribute an extra £1.36bn over 10 years. The UK is currently 34th out of 36 in the OECD for attracting inward private investment.
The Institute argues that if the government wants to pursue a growth agenda, investing in health sciences is significantly more effective than reducing corporation tax. No sector invests more in R&D, globally, than the life sciences.
Changes in ONS methodology announced earlier this month (October) have dramatically increased official estimates of public and private R&D spend, but the UK remains far behind international leaders.
The revised methodology means the UK has now technically met the government’s target of 2.4 per cent of GDP invested in R&D – although more by luck than judgement. However, IPPR argues that genuinely additional R&D investment is vital to overcoming the UK’s chronic lack of growth and low productivity.
The Institute recommends government urgently sets a new stretching R&D target. Researchers have modelled three potential trajectories it could now follow:
- ‘Somewhat ambitious’ – Meeting 3 per cent of GDP by 2027, building on aspirations set out by the CBI, the European Commission and opposition political parties (albeit not in the context of the ONS’ revised R&D estimates). To achieve this, government would need to invest £1 billion extra in R&D, above and beyond existing commitments, by 2027. Private investment would also rise by £0.8 billion in the same year
- ‘More ambitious’ – Meeting 3.5 per cent of GDP by 2030, which would bring us to around the level of R&D investment in Sweden, the USA, and Taiwan. To achieve this, government would need to invest £8.5bn extra in R&D by 2030. Private investment would also rise by £8.3bn in the same year.
- ‘Genuinely world-leading’ – Meeting 5.4 per cent of GDP by 2030, putting the UK firmly in a global leadership position by reaching levels close to South Korea and Israel. To get here, public investment rise would need to increase by £43.1bn by 2030. Private investment would rise by £41.9bn in the same year
- An NHS workforce retention strategy, to ensure the capacity and headspace needed to focus on innovation
- Supporting NHS staff to spend more time on clinical research. New IPPR analysis shows the UK has eight times fewer government researchers than Germany
- A stronger life science skills pipeline, including through reform of the apprenticeship levy
Chesterfield Royal Hospital wins major regional award for work with apprentices
The hard work and dedication of apprentices from the East Midlands, their employers and mentors have been celebrated at a special ceremony; with Chesterfield Royal Hospital winning one of the top awards at the event.
150 people attended the Regional Finals of the National Apprenticeship Awards in Leicester. They are one of nine regional awards across the country, with the winners from each shortlisted for the National Apprenticeship Awards finals which will take place in London on 30th November.
The awards give both individuals and businesses the chance to showcase the many benefits of apprenticeships: These include the opportunity to gain skills for life, earn while you learn and boost your employability.
Angela Borman, Chair of the East Midlands Apprenticeship Ambassador Network, co-hosted the ceremony. She said: “It was amazing to celebrate the talented apprentices, as well as their employers and mentors here in the East Midlands.
“Having worked in the delivery of apprenticeships for the whole of my career, I passionately believe they are a great opportunity. These awards showcase how they can help people thrive.
“We’ve got some amazing employers who work hard to ensure that the delivery of apprenticeships here in the East Midlands is first class. I am proud to be working with them to continue this success.”
The awards are also an opportunity to promote the work of the East Midlands Apprenticeship Ambassador Network – a group of local employers and apprentices who champion the awareness of apprenticeships.
The free-to-join network allows employers to learn from each other and have input into Government thinking and policy on the skills agenda.
The winners are:
Small Employer of the Year – Dental 22
Large Employer of the Year – Chesterfield Royal Hospital NHS Foundation Trust
Macro Employer of the Year – Travis Perkins PLC
Recruitment Excellence – Nottingham City Homes
Rising Star of the Year – Niall Hutton – Capwell Grange Care Home
Intermediate Apprentice of the Year – Julia Jones – John Lewis Partnership
Advanced Apprentice of the Year – Ali Amin – Shawpak (Riverside Medical Group)
Higher or Degree Apprentice of the Year – Evie Marsden – Kier Construction
Apprentice Champion – Kimmy Kimani Hobbs – Milton Keynes College
Application submitted for additional 100 sq ft of industrial and warehouse space at Markham Vale
Henry Boot Developments has announced it has submitted planning to create more industrial and warehouse spaces at one of the area’s flagship regeneration schemes, Markham Vale.
The plans propose a further 107,250 sq. ft. of industrial and warehouse space across four buildings, adding to the existing portfolio of properties, which has seen the likes of Great Bear, Daher Aerospace, Gist and many other companies locate their operations at the site.
Markham Vale is a 200-acre site which HBD is delivering in a joint venture with Derbyshire County Council. It is one of the region’s flagship industrial schemes, attracting new businesses and creating thousands of new jobs.
Speaking of the latest application, Development Surveyor at HBD, Richard Hinds said: “It is great to get plans underway for this next stage of development at Markham Vale.
“It’s a very successful industrial and logistics location, which means demand has remained high for new space – our robust financial backing and our strong track record for delivery means that we are able to continue progressing new schemes throughout the more challenging periods for the economy, injecting much-needed Grade A space into the market.”
Derbyshire County Council’s Cabinet Member for Clean Growth and Regeneration Councillor Tony King added: “Plans for four new buildings at Markham Vale is a strong signal from our property partners, HBD that the site will continue to attract a wide range of businesses. Markham Vale plays a key role in helping to deliver on our commitment to building a strong, diverse, and green economy by creating jobs for local people and attracting local, national, and international businesses.”
Green Light on commercial premises after second application
Display by Design, the Leicester-based shop fitting design and manufacturing company, has been given the green light by planners to extend the business’ commercial property use class, enabling them to provide 27,750 sq ft of surplus space at its Chartwell Drive premises to other businesses looking to grow in the area
Planners had previously denied the application due to perceived issues over lorry manoeuvring and localised congestion. Marrons Planning, acting on behalf of Display by Design worked with the transport consultancy DTA to develop a solution for the site, ensuring all buildings at the premises could be independently serviced and accessed by lorries with shared turning areas.
Emma-Leigh North, finance director at Display By Design, said: “We’re thrilled to have our planning application approved so the space at our £4 million site does not go to waste.
“After Covid and now the uncertain economic environment the country is facing, it is great to have the flexibility to be fluid with the space we have to allow the business to thrive and continue to be competitive within the market.”
Sachin Parmar, associate director at Marrons Planning, said: “This was a challenging project and required significant collaboration and negotiation with the local planning and highways authorities to ensure the impact of the plans would be positive. Often after a planning application is rejected, it’s tough to get it approved second time – that’s where creativity, teamwork and experience were essential.
“Not only have we benefitted the client with this solution, but we’ve also benefitted the local economy, providing opportunity for new businesses to operate in the area in this high-quality commercial space.”
Following approval there will be a new arrangement for servicing space, which will include a clearly defined HGV turning area, independent HGV servicing bays for each unit, additional car and cycle parking, EV charging points and extended pedestrian routes.
Simon Parfitt, director at DTA Transportation, said: “We’re thrilled to have helped provide a solution to increase the opportunities at this site. Our technical appraisal has helped identify a more commercially flexible arrangement for how goods and people move around the site, with more efficient use of the existing site’s service yard freeing up space while also delivering sustainable enhancements for the site.”
Henton & Chattell swoop for new premises in Nottingham
FHP have sold a mixed office and industrial property on Abbeyfield Road on Lenton Lane Industrial Estate to one of the largest garden machinery distributors in the UK. Henton & Chattell have acquired three buildings on the Lenton Lane Industrial Estate from FHP intending to utilise the 40,000ft² warehouse for their own purposes to expand their additional growth.
The property was sold on a long leasehold interest with an average unexpired term of circa 43 years from Nottingham City Council and was income producing, producing a rent of £287,500 per annum with the sale price agreed understood to be in excess of £3 million.
John Proctor of FHP acted on behalf of Abbeyfield Estates on the sale.
Tech executives remain confident to continue digital investment, finds new report
Despite the challenging economic landscape, businesses are accelerating their investment in digital, according to the findings of a new KPMG global technology survey.
The survey of 2,200 tech executives, including 100 in the UK, has highlighted that despite rising costs, economic uncertainty, geopolitical turmoil, and a global talent challenge – businesses are advancing their digital transformation journeys and plan to invest heavily in the next few years.
Sixty-seven percent of those surveyed globally expect to embrace emerging technology platforms in the next two years. Other headline findings from UK respondents to the survey by KPMG include:
- 79 percent say their organisations are currently migrating strategic workloads to the cloud.
- Over the next 12 months, customer and user experience is the key focus area of investment for 52 percent.
- 74 percent believe that technology debts do not inhibit their firm’s future IT investments and are in fact, pivotal for their organisations to grow and evolve.
Ian West, head of technology and alliances at KPMG UK said: “The findings from our new survey indicate that despite global headwinds, businesses still see it as critical to invest in new and emerging technologies to drive transformation and growth in their businesses.”
Businesses are already making plans to embrace the technologies of the future
Organisations are poised to invest heavily in emerging technology and digital transformation, despite tense operating conditions. Survey respondents expressed a bold vision for what they could do across a broad expanse of new technologies: crypto, the metaverse, Web3, NFTs, quantum computing, VR/AR, 5G, and edge computing.
In the next 6-12 months 39 percent of UK respondents said that they plan to invest in cryptocurrencies, whereas in the next 1-2 years, 43 percent plan to invest in VR/AR technologies, followed by Web3 with 42 percent of UK respondents planning to invest. Looking more long-term, 47 percent of UK respondents are planning to invest in NFTs and the Metaverse in the next 3-5 years.
Over two-thirds (70 percent) of UK respondents indicated that they plan to outsource and/or partner with technology companies to build and deploy Metaverse and Web3 technologies. The majority of UK firms (54 percent) are waiting to invest in the Metaverse, with the primary trigger being when the technologies are more developed and more widely adopted.
“A revolution of emerging technology is set to unfold over the next several years. Proficiency in new and emerging technologies will be paramount to defending market share by enhancing customer experience and business resilience,” said Paul Henninger, head of data, AI and emerging technologies at KPMG UK. “Successful businesses of 2022 and beyond will be digital to the core.”
“While many companies remain hesitant to adopt some of these emerging technologies in their infancy, 2024 looks poised to be an inflection point for new technology acceptance. And after five years, it will be the rare company that has not invested in every one of these tools that—while are still in the early days—look poised to reshape the business world,” Henninger added.
Amplifying customer centricity is the primary goal for investing in enterprise technology according to 51 percent (45 percent globally) of UK survey respondents.
Businesses planning to invest the most in customer experience, AI and Machine Learning
Over the next 12 months, customer and user experience is the key focus area of investment for 52 percent of respondents in the UK (57 percent globally). This is closely followed by AI and machine learning at 48 percent. However, there is a shift expected in the next three years with AI and machine learning becoming the topmost priority for UK firms.
Henninger said: “As the amount of data accessible to businesses grows, adoption of AI and machine learning does too as businesses look at the best ways of processing and learning as much as they can from the data at their fingertips. Establishing a platform that can make data truly useful is central to improving customer experience and business efficiency.”
Companies report high digital confidence and returns
The survey found that respondents are upbeat about what their business will achieve through transformation. Specifically, 68 percent of UK respondents (66 percent globally) say their organisations are very or extremely effective in using digital to support their businesses.
Meanwhile, nearly every single respondent reports a positive impact on profitability or performance from digital transformation over the past 24 months and a notable number are making serious gains. One in five respondents (20 percent) say their efforts have achieved profitability or performance increases of 11 percent or higher.
West said: “Digital transformation is less of a differentiator than it was. Nearly all organisations achieved some form of return from digital transformation in the last two years. It’s important to make sure that the success achieved so far doesn’t breed perfectionism that stifles innovation.”
“Digital investment and transformation strategies must always continue to adapt to new conditions and opportunities, or digital leadership won’t last long,” added Ian.
Enterprises are investing heavily in cloud, but face cultural resistance
Businesses of every size and sector are accelerating their move to the cloud to enhance the speed, agility, security and value of their IT investments.
79 percent of UK respondents say their organisations are currently migrating strategic workloads to the cloud. The benefits of cloud transformation are being seen by those businesses with 76 percent (80 percent globally), being satisfied or highly satisfied with the success of their cloud transformation programmes.
However, one of the top challenges being faced by respondents is cultural resistance to cloud migration, with this being faced by 35 percent of UK respondents in their cloud journeys.
“Most respondents are well into their cloud journey but there is still much to do. Satisfaction with cloud transformation to-date is largely positive, but value realisation has taken the form of cost reduction and efficiency gains and these don’t result from a pure technology shift. Rather, organisations need to focus on their ‘ways of working’ as they reach critical scale in their cloud journey,” said Priya Raju, director, cloud transformation – financial services at KPMG UK.
Raju added that tomorrow’s businesses will operate primarily on cloud infrastructure.
“As more companies transform with cloud at their core, the next competitive challenge will be accelerating migration, scaling up platforms, and maximising value of cloud,” she said.
Technology investment seen as pivotal for growth and evolution
Despite the global headwinds that businesses are having to navigate, there is a positive future outlook for technological investments and advancements. 74 percent of UK respondents believe that technology debts do not inhibit their firm’s future IT investments and are in fact, pivotal for their organisations to grow and evolve.
West added, “Businesses are understanding the importance of using technologies to retain customers and improve their market share. Technology looks to be an area of investment that will stay a priority because of the benefits it can have throughout an entire organisation; it is absolutely central to growth. Businesses must now look at how they can innovate and lead the way. The future will be won by businesses that find new ways to push the envelope with digital.”
Deloitte Midlands M&A team complete eight deals in six months
The M&A Lead Advisory team at Deloitte Midlands has reported a successful six months in which it completed eight significant deals across a range of sectors including industrials, manufacturing, and technology.
Over half of the transactions involving overseas investors and buyers, including European finance provider Kartesia’s investment into the Darwin Group and the acquisition of global manufacturer Uni-Pol by high precision components manufacturer Doncasters.
The team also completed a number of deals in the technology sector including Livingbridge’s investment in automotive retail software group CitNOW; the sale of geospatial mapping specialist GeoSLAM to US digital solutions group FARO Technologies, and advising the management team of advertising technology business Blis Group on the sale of the company to LDC.
Whilst completing eight deals in six months was an exceptional result given current economic and geo-political uncertainty, the Midlands M&A Lead Advisory team is confident that mid-market deal activity will be robust and has invested in new talent to support and sustain future growth with the appointment of three new team members.
An experienced manager and two new graduates will join the now 15-strong team of transaction specialists, which provide corporate finance advice to a range of clients including corporates, owner managers, management teams and private equity investors.
Darren Boocock, partner and head of Deloitte Midlands M&A team, said: “We are delighted to have advised a range of fantastic clients to successfully complete important deals at a challenging time. Transactions invariably involve unexpected issues and clients look to experienced advisers, with an intimate knowledge of their sector, who can provide solutions and work closely with them to help deliver on their strategic objectives, whether that is value-enhancing acquisitions, raising funds to grow or more general planning for the future.
“The expansion of our M&A Lead Advisory team across the Midlands will allow us to continue to support our clients with their most critical and strategically important decisions, and reaffirms our unwavering commitment to both Midlands’ economy and investment in future talent.”
