Bid for £20m investment in Eastwood submitted

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Bid for £20m investment in Eastwood submitted
A bid for a £20m boost to Eastwood has been submitted to Government, as part of the Levelling Up Fund. “It’s great to see such a strong bid going in for Eastwood. For too long Eastwood has been neglected, this money would be a game changer,” said Lee Anderson, MP for Ashfield, which also covers part of Broxtowe, including Eastwood. “It has been many years since Eastwood has seen any real investment and local people deserve to have better facilities and opportunities at their doorstep.
“I’m incredibly proud of the bid we are submitting to Government and the collaboration work that has gone into this bid which if successful, will make a real difference to residents not just in Eastwood, but the whole of Broxtowe,” added leader of Broxtowe Borough Council, Milan Radulovic MBE. If successful, the funding would deliver projects including: D.H. Lawrence Library, Health and Life Chances Centre
  • A new health and wellbeing hub in the heart of the town centre that will house a new GP surgery, pharmacy, library, 5-lane community swimming pool, boxing club and women’s services.
  • Better health facilities are needed in Eastwood and this new Centre will provide brand new, modern facilities for residents of Eastwood as well as brand new leisure facilities for residents to enjoy.
Durban House Community Hub
  • Transformation of an important historic building in Eastwood into a low-carbon, energy-efficient community hub. Services will be overseen by the Durban House Community Hub group, which is a registered charity.
  • Funding will enable the structural changes needed to allow these services to run from Durban House. This will involve making the building more environmentally-friendly through insulation and a new heating system, and redesigning some of the rooms and corridors in the building to make it more user friendly.
  • One of the main services that will be offered is a dementia day care facility.
  • Other services will include a healthy eating café, community garden, employability support, mental health support groups, and health and fitness classes.
Cycle Path Network
  • The cycle path project would create a network of active travel routes around and through Eastwood. In particular, the routes will connect the town centre to key large employment sites in the area to enable environmentally-friendly methods of commuting.
  • It will also connect Eastwood to other important places, such as employment sites including Giltbrook Shopping Park and Panattoni Park, as well as Kimberley and onwards routes into Derbyshire.
  • These routes would allow more people to cycle and walk to commute to work and for leisure purposes and would encourage more visitors to the area.
  • It would also support reducing carbon emissions and healthier lifestyle choices.
The bid has been produced by Broxtowe Borough Council in consultation with local groups and residents and partners including Eastwood Town Council. The proposal will now be reviewed by the Department for Levelling Up, Housing and Communities and approval is expected in the autumn.

Record revenues and return to profit for Van Elle

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Record revenues and return to profit for Van Elle
Van Elle, the ground engineering contractor, has hailed record revenues and a return to profit “following a strong recovery driven by high levels of activity across all divisions.” According to results for the year ended 30 April 2022 (FY2022), revenue reached £124.9m, up from £84.4 for the year prior. Meanwhile the Nottinghamshire-based firm posted a pre-tax profit of £3.6m, up from a £1.4m loss. The news comes after record activity levels and following strategic targeting of structurally growing end markets. The company reported significant growth across all divisions, notably in higher margin Specialist Piling, Rail and Ground Engineering Services. Van Elle noted that trading momentum has continued into FY2023 with all divisions operating at high activity levels. Mark Cutler, Chief Executive, said: “These results are the first to reflect a full year’s trading post COVID and demonstrate the positive progress the group is making under its transformation strategy launched in 2019. “Although the sector continues to face several wider challenges, we have significant opportunities ahead to further improve, and momentum has continued into the new financial year. Overall, it is pleasing to see the actions taken over the last three years starting to deliver sustainable results that put us firmly on-track to deliver our medium-term objectives. “My sincere thanks to our employees, suppliers and customers for their hard work and support over the last year.”

Rolls-Royce’s €1.8bn sale of ITP Aero approved

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Rolls-Royce’s €1.8bn sale of ITP Aero approved
The Spanish government has approved Rolls-Royce’s sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. It follows the approval of all other relevant regulatory authorities. The completion of the transaction, at an enterprise value of approximately €1.8 billion, is now expected in the coming weeks. Rolls-Royce said in a statement: “This sale, which was announced on 27 September 2021, completes our disposal programme announced on 27 August 2020, to raise proceeds of at least £2.0 billion. Upon completion, sale proceeds (excluding any cash retained by Rolls-Royce) of approximately €1.7 billion will be used to help rebuild the Rolls-Royce balance sheet, in support of our ambition to return to an investment grade credit profile in the medium term.” ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both Civil Aerospace and Defence programmes.

Duo of businesses move into St. Modwen Park at Stanton Cross, Wellingborough

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Duo of businesses move into St. Modwen Park at Stanton Cross, Wellingborough
Two growing businesses – bespoke freight company Transglobal and paper merchant Premier Paper – have moved into St. Modwen Park at Stanton Cross, Wellingborough, bringing much needed local investment and jobs. Stanton Cross is a flagship mixed-use development district for Northamptonshire which is gaining more than £1 billion of investment in Wellingborough by Stanton Cross Developments LLP. Once finished it will feature 1.5 million sq ft of high-specification industrial, logistics, leisure, retail and office space, in addition to opening up access to modern transport links and infrastructure. Furthermore, it will provide 3,650 new homes along with community facilities – offering a large local workforce for businesses looking to operate in or relocate to the area. St. Modwen Park at Stanton Cross, Wellingborough offers 314,500 sq ft of sustainable warehouse space, initially comprising three buildings – 96,000 sq ft, 43,500 sq ft and the development of a further 175,000 sq ft speculative unit, which will start in Q3 2022. The initial phase has been delivered by principal building contractor, MCS Group. Future developments of 600,000 sq ft across three parcels of land will offer additional logistics space for the area. Keir Edmonds, group Managing Director of MCS Group, said: “We are very proud of this project. We have delivered two very high-quality warehouse units on time for St. Modwen, according to the 39-week programme, at this impressive development at Stanton Cross. As a result, we have a very happy client and two tenants who are now able to commence the fit-out process right on schedule.” Transglobal signed an agreement for the 96,000 sq ft building, which is a multi-use warehouse used to provide freight solutions by land, sea and air. The move will aid its rapid business growth and accommodate its customers’ evolving needs. The 43,500 sq ft building has been let to wholesale paper and materials supplier Premier Paper. The unit will allow the company to expand into a larger warehouse space, following the diversification of the business. It will also facilitate its growth, and continue providing stocks of paper, print substrates and packaging to customers across the UK. The completed buildings, at St. Modwen Park at Stanton Cross, Wellingborough, come with sustainability benefits including features such as PV solar panels, electric vehicle (EV) charging points and will deliver BREEAM Very Good and EPC A accreditations. Infrastructure has been installed to accommodate up to 20% of the parking spaces, which will be served by EV chargers. Polly Troughton, Managing Director at St. Modwen Logistics, said: “St. Modwen Park at Stanton Cross, Wellingborough, is set to become a thriving commercial hub and we’re delighted to have created the space to accommodate the needs of Transglobal and Premier Paper and offering larger warehouse space which will enable them to continue to grow and succeed. “The park is set to deliver new job opportunities and provide sustainable warehouse space for rapidly expanded businesses such as these. We welcome them to Wellingborough, which will help to support the town’s wider regeneration.” Stephen Knight, Managing Director at Transglobal, said: “Moving into this additional facility at Wellingborough will not only support our business growth and expansion, but also help us to accommodate the growth of our clients.” David Jones, group marketing director at Premier Paper Group, said: “We’re pleased to have signed a deal with St. Modwen Logistics. This new high quality and flexible warehouse facility becomes our latest ‘flagship’ branch which will support our future growth further cementing our position as being one of the most successful businesses of our type in Europe.”

University of Nottingham’s aerospace programme commits £3.8 million to SMEs

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University of Nottingham’s aerospace programme commits £3.8 million to SMEs
The University of Nottingham has awarded more than £3.8m in funding as part of its Aerospace Unlocking Potential (UP) programme, after announcing another round of funding for four Midlands-based businesses. Designed to help smaller companies develop new technologies and solutions to make aviation greener, Aerospace UP, a £20 million programme, is being delivered by the University of Nottingham and the Midlands Aerospace Alliance (MAA), supported by the European Regional Development Fund and Midlands Engine. The programme not only provides funding for projects but also offers small- and medium-sized enterprises (SMEs) with unique access to industry experts, academic support, and facilities that might otherwise have been unattainable. Professor Pat Wheeler, head of Power Electronics in the Faculty of Engineering at the University of Nottingham, said: “We are very excited to open the university up to businesses at this critical time where the industry has been affected by three waves of disruption – Brexit, Covid and climate change. “With Aerospace UP, we have created a new and accessible way to offer innovation support to companies throughout the supply chain, who historically would not access the facilities and extensive range of expertise at the university. This is a pivotal time for the industry, and we hope that we can make a difference to the future prosperity of the sector, the region and the country through this initiative.” Skyfarer, Assemtron, KITAU Robotics and Holscot Fluoropolymers now join more than 200 other companies from across the region that have benefited from the scheme, which is due to run until summer 2023. Between them, the innovative companies represent the diversity of the broader aerospace industry, with the chosen projects working towards simplifying sensor data processing to make companies more efficient, saving lives by making drones accessible in remote communities, automating airport cleaning, and enabling satellites to be refilled in orbit. Andrew Mair, Chief Executive of the Midlands Aerospace Alliance, said: “We are delighted to be working in partnership with the University of Nottingham to deliver Aerospace UP support to Midlands SMEs. The university undertakes world-class aerospace R&D, and for small companies to be able to access that knowledge within the programme is a major boost to our aerospace cluster.”

£16m Level Up Fund bid for Kimberley submitted to Government

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£16m Level Up Fund bid for Kimberley submitted to Government
A bid for £16m to invest in Kimberley, as part of the Government’s Levelling Up Fund, has been submitted. The bid has been produced by Broxtowe Borough Council in consultation with local residents, groups and Kimberley Parish Council. If successful, the funding would be used to boost the town through: A Town Centre Improvement Project
  • In place of the existing Parish Hall on Newdigate Street, a new Business and Community Hub will be constructed. This will offer co-working and office space for start-ups and small businesses, as well as improved space for community activities on the ground floor.
  • Small Business Grants will also be made available to businesses in Kimberley to improve the feel and appearance of the town and the functionality of these businesses.
  • Lighting equipment will be purchased to create light displays and VR attractions similar to that on Valentine’s Day last year, to encourage events-based attractions in Kimberley and drive visitor footfall.
Digby Street Industrial Units and Swingate Farm sports facilities
  • The current football pitch at Digby Street will be redeveloped into 20 new industrial units to allow new businesses to move into Kimberley, driving job creation and economic growth.
  • A new sports facility at Swingate Farm will be developed in its place, with a new football and cricket pitch to support the outstanding Kimberley sports teams.
Cycle Path Network and Bennerley Viaduct Eastern Ramp
  • A new active travel route would link up Kimberley with Eastwood, Giltbrook, Phoenix Park Tram Stop and Bennerley Viaduct.
  • This project will also fund the construction of an accessible Eastern Ramp at Bennerley Viaduct, a Grade 2* listed railway viaduct of great historical and cultural significance and important tourist attraction.
  • These routes would allow more people to cycle and walk to commute to work and for leisure purposes and would encourage more visitors to the area. It would also support reducing carbon emissions and healthier lifestyle choices.
Broxtowe MP, Darren Henry is backing the bid. He said: “From the moment that the Government announced the Levelling Up Scheme I was clear that there should be a bid centred on Kimberley to bring extra investment into the town. I am excited about the projects that have been proposed and the prospect of providing much needed investment into the town.” Councillor Milan Radulovic MBE, leader of the Council, said: “The Council have worked closely with the MP and local groups and organisations to submit, what I believe is a very strong case for this substantial funding for the town. “With its proximity to the M1 and existing infrastructure, Kimberley has so much potential and if we are successful, it will benefit from the biggest investment it has experienced in years. “This, together with our other investment projects in Beeston, Stapleford and the Levelling Up Bid we are also submitting for Eastwood will boost the whole Borough of Broxtowe for generations to come.” Kimberley’s proposal will now be reviewed by the Department for Levelling Up, Housing and Communities and approval is expected in the autumn.

Network with property and construction professionals at the East Midlands Bricks Awards 2022

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Network with property and construction professionals at the East Midlands Bricks Awards 2022
On Thursday 15 September, at the Trent Bridge Cricket Ground, the esteemed East Midlands Bricks Awards 2022 will celebrate the region’s property and construction industry while providing the ideal opportunity to connect with local decision makers. With canapés and complementary drinks, the event will also welcome Managing Director at award-winning investment promotion agency Marketing Derby, John Forkin MBE DL, as keynote speaker, as well as award-winning mind reader, magician, and professional mentalist Looch, who will bewilder and astonish guests during the evening’s networking.

To book tickets for the awards event, which will run from 4:30 PM – 7:30 PM, please click here.

As nominations for East Midlands Business Link’s annual Bricks Awards close on Friday 19 August, it’s time to ensure you have submitted your entries for the prestigious event – shine the spotlight on your business, team and projects. Award categories include: most active estate agent, commercial development of the year, responsible business of the year, residential development of the year, developer of the year, deal of the year, architects of the year, excellence in design, sustainable development of the year, contractor of the year, and overall winner. To nominate a business or development please click on a category link below or visit this page.
The Overall Winner of the East Midlands Bricks Awards 2022 will also be awarded a year of marketing/publicity worth £20,000. Find out who last year’s winners were here.

William Crooks, Managing Director of Cawarden, reflected on winning an award in 2021: “After being named Contractor of the Year at the British Demolition Awards at the start of September, we were absolutely thrilled to win the same accolade from the East Midlands Bricks Awards a few weeks later. The event is a real showcase for the regional property and construction sector and we are proud to be recognised for our project and service delivery expertise as a leading specialist contractor.

“It was a great night and provided an opportunity to catch up with some familiar faces as well as meeting new with the wonderful Trent Bridge Cricket Ground as a backdrop. Well done to the Cawarden team for continuously going above and beyond and maintaining high standards for our valued clients. Congratulations must also go to all the other awards finalists and award winners on the night.”

 
Thanks to our sponsors:                                      

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Revenue rises at Travis Perkins

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Revenue rises at Travis Perkins
The CEO of Travis Perkins has praised a “good performance” in the company’s half year results. For the six months ended 30 June 2022 revenue grew 10.3% to £2.53bn from £2.29bn in the same period of last year. Meanwhile the Northampton-based company posted a pre-tax profit of £136.6m, down from £145.7m in the first six months of 2021. Nick Roberts, Chief Executive Officer, said: “The group has delivered a good performance during the first half of the year, once again demonstrating the capability to navigate challenging market conditions. “Our Merchant businesses continue to perform well, taking market share and extending their market leading positions by developing the customer proposition to meet changing requirements within their respective markets. “Toolstation’s customer base returned to its core trade customer in the period following exceptional trading during the pandemic. We have made great progress in enhancing the trade offer in Toolstation and customers have responded positively. We remain as confident as ever in the long term growth potential of the business and in our UK investment programme, whilst also increasing investment in Toolstation Europe to take advantage of the opportunities we see in those markets. “Whilst we are cognisant of the current macroeconomic uncertainty, our diverse end market exposure, broad trade customer base and strong balance sheet provide resilience against changes in market conditions. The strong performance of our Merchant businesses is set to continue into the second half, driven by our agility in managing inflation and by our leading service propositions. This will be offset by a combination of the normalisation of Toolstation’s customer base and the increased investment in the Toolstation growth opportunity in the UK and Europe. As a result, we expect the group overall to deliver a full year performance broadly in line with market expectations.”

CMP Legal strengthens offering with two new key appointments

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CMP Legal strengthens offering with two new key appointments
Two new appointments have further strengthened the legal offering of Chesterfield’s newest firm of commercial solicitors. CMP Legal, which was established in 2021, has appointed Chris Hutchinson and Ryan Fitzpatrick to its team of solicitors. Chris and Ryan’s appointments now add expert construction dispute advice and healthcare transactions to CMP Legal’s specialisms. Ryan, who is CMP’s first new director appointment just 18 months after launching, joins with a particular specialism of corporate transactions within the healthcare sector. He said: “CMP Legal has developed an excellent reputation for delivering high quality legal services in a very short period of time and I’m excited to now be part of this.” He added: “I am very much looking forward to working with the team to continue the progress and expand CMP Legal both regionally and nationally.” Formerly with Bell and Buxton and Ironmonger Curtis, Ryan brings more than 10 years’ corporate commercial legal experience to his new position at CMP Legal, including corporate restructuring and management buy-ins/outs with businesses based throughout South Yorkshire and the East Midlands. “I get an enormous sense of achievement from helping ambitious business owners buy and sell businesses. It is great to be involved at the start of their journey. Transactions within the care home, GP surgeries and dental sector are particularly strong at the moment. The sector is very buoyant right now,” added Ryan. Alongside Ryan’s healthcare sector specialism, Chris brings industry-leading experience in construction disputes to his new role as a consultant solicitor with CMP Legal.
Chris Hutchinson
Originally trained as a site engineer, Chris has worked in senior quantity surveyor roles for major construction companies, including Morrison Construction and Mowlem, during a 40-year career in the sector. He said: “My hands-on experience in construction has given me an inbuilt understanding of the practicalities of a dispute which not many other lawyers have. This not only saves time but gives clients confidence that they have someone on their side who fully understands the issues and knows what they are talking about on every level – from regulations to construction methods. I get immense satisfaction from being able to take a client from a poor position to getting a positive result for them.” Chris’ experience also means he can act as an expert witness. Welcoming Chris and Ryan to the firm, Anna Cattee, co-founder of CMP Legal, said: “We’re thrilled that Chris and Ryan have chosen to bring their respective specialist skills and experience to CMP Legal. Chris is a construction law expert which ties in perfectly with our existing construction law offering, while Ryan’s expertise will enable us to push forward with our healthcare offering as well as our corporate services to all sectors. These are extremely exciting times for the team and business and our next stage of growth.” Chris and Ryan’s appointments now bring the number of team members to eight, doubling the size of CMP Legal since its launch.

Hockley Developments gets the go ahead for duo of developments

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Hockley Developments gets the go ahead for duo of developments
Hockley Developments, the East Midlands-based supported living and residential development company, have had two new sites approved at planning in Nottingham, and expect to start on site on both imminently. A development of 13 apartments plus staff quarters and communal space will be developed at Hall Street, in Sherwood, and two new blocks with a total of 16 self contained apartments and 2 staff quarters, with a lift, internal communal space and gardens, will be developed on Belconnen Road, Bestwood. Business development manager at Hockley Developments, Rebeka Dobuma, said: “These new developments will provide much required housing for those that require it most in Nottingham city, and we look forward to working closely with Nottingham city council, and selected care providers, and handing these developments over in 2023.” Oliver Cammell, senior architectural designer at Hockley Developments, added: “We are delighted with the two developments that we have designed, working closely with commissioners, planners and the local market to ensure we designed the optimum developments for those that will hopefully enjoy these new homes for years to come. “We have ensured by design both developments will be sustainable, and energy efficient. Both sites are currently under utilised, and we are pleased to be able to add value in both locations, and look forward to working with the construction teams to seeing these develop over the forthcoming months.” Hockley Developments have several other similar sites going through planning across the East Midlands.
CGI of a terrace at Hall Street
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