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East Midlands manufacturers see mixed start of the year
East Midlands manufacturers are seeing a mixed picture as they start the year but confidence is remaining robust despite the UK economy remaining weak overall.
However, Make UK is forecasting growth for manufacturing of just 0.1% in 2024 and 0.8% in 2025 which is weaker growth than the economy overall.
The findings come in the Q4 Manufacturing Outlook survey published by Make UK and business advisory firm BDO. According to the survey, output in the East Midlands was negative in the first few months of the year. However, looking forward both output and orders are set to pick up substantially in the second quarter of the year with orders in the next three months especially strong.
This positive picture is reflected in strong recruitment by firms and a jump in investment intentions to the highest level of any English region, which may be due to the full expensing policy announced by the Chancellor in the Autumn Statement.
Chris Corkan, Region Director for the Midlands at Make UK, said: “After the economic and political shocks of the last few years there is now strong confidence among manufacturers in the East Midlands, despite the mixed picture. While growth in the economy is not exactly supercharged, the positive announcements in the Autumn Statement and Budget can at least allow them to plan with more certainty for the future.”
Jonathan Lanes, Head of Manufacturing at BDO in the Midlands, added: “Manufacturers in the East Midlands have continued to show their ability to overcome wave after wave of challenges, but they cannot continue to do this indefinitely without some more long-term support from the Government.
“Despite the challenges faced across the region, demand for labour remains strong with investment intentions higher than in any other English region. That said, the next few months will be critical to the sector within the East Midlands.”
Administrators appointed to Robinsons Caravans group companies
Ryan Grant and Chris Pole from Interpath Advisory were appointed joint administrators to Golden Castle Caravans Limited and Robinsons Caravans Limited on 11 March 2024 and 14 March 2024.
Both companies are part of the Robinsons Caravans group which retails caravans and motorhomes from dealerships located across the Midlands and the South West.
Based in Twigworth, Gloucester, Golden Castle Caravans Limited sells new and used caravans and motorhomes, including from some of the UK’s leading manufacturers.
Robinsons Caravans Limited sells new and used caravans and motorhomes from two sites in Chesterfield, Derbyshire, and Worksop, Nottinghamshire.
While certain companies across the Robinsons Caravans group have been historically profitable, others have experienced lower than expected sales volumes in the wake of the cost-of-living crisis and pressure on household disposable incomes. This in turn served to place financial pressure on the wider group, which in recent times had become increasingly unsustainable.
As a result of these mounting pressures, the directors sought to undertake a review of their investment, refinance and sale options. When it became clear that a solvent solution could not be found, they took the decision to seek the appointment of administrators.
Immediately following their appointment, the joint administrators sold the business and assets of Golden Castle Caravans Limited to Gloucestershire Leisure Limited, a connected party by virtue of one of the directors. Seventeen members of staff have transferred to the purchaser as part of the transaction.
Separately, following their appointment to Robinsons Caravans Limited, the joint administrators sold certain of the business and its assets to a Storebon Holdings Limited, part of the Couplands Caravans group. Nine members of staff based at the Robinsons Caravans site in Worksop have transferred to the purchaser as part of the transaction.
The Robinsons Caravans site in Chesterfield, however, is not included in the transaction and as a result, will close with immediate effect. Consequently, 16 members of staff have been made redundant. The joint administrators will be providing support to all those impacted by redundancy, including assisting with claims to the Redundancy Payments Service.
Ryan Grant, managing director at Interpath Advisory and joint administrator, said: “These have been testing times for many businesses across the leisure sector as a result of high cost inflation and fragile consumer confidence. We are pleased to have secured these two transactions which safeguard the future of Golden Castle Caravans and the Robinsons Caravans operations in Worksop.”
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Local housebuilder set to bring 93 new homes to Nottingham
A local housebuilder is set to bring 93 homes to Fairham, in Nottingham.
Work is set to begin for Redrow East Midlands, who will be joining the Fairham scheme with planning now officially granted by Rushcliffe Borough Council.
Dovecote Grange will include a mix of private and affordable homes for those in the community, including a mix of three, four and five bedrooms on offer from the housebuilder’s Heritage Collection.
The properties will also be part of Redrow’s new Eco Electric generation, featuring air source heat pumps and underfloor heating as standard – designed to significantly reduce energy bills.
Dovecote Grange will form part of the wider 606-acre Fairham site, which will see a new neighbourhood created in the region, bringing new homes, employment opportunities, as well as a new sense community to this area of Nottingham. There will be shared foot and cycling paths, £100m invested in new infrastructure and 200 acres of open space as part of the scheme.
Ryan O’Sullivan, Sales Director at Redrow East Midlands, said: “We’re delighted to have been granted planning permission for this exciting new development. Dovecote Grange will provide much-needed new homes in the area and we’re thrilled to become part of the wider Fairham development.
“Here at Redrow East Midlands, we’re passionate about prioritising sustainability, which is why each home we build will be part of our Eco Electric generation, future proofed with air source heat pumps, underfloor heating and improved insulation.
“We anticipate homes will be incredibly popular, with lots of people looking to Fairham as a vibrant new community with positive prospects for the local area. Now that work is set to begin on site, we’d encourage those looking to purchase a home to register their interest as soon as possible.”
Construction underway on new further and higher education campus in Skegness
The best ways to support and develop your employees this year
- Encourage learning at all levels: Lead by example. Management should actively engage in learning opportunities, demonstrating the value placed on continuous personal and professional development.
- Personalise learning pathways: Recognise that employees have varied learning styles and career aspirations. Work with them to create personalised learning plans that align with their goals and the needs of the business.
- Leverage technology: Utilise online platforms and e-learning tools to provide flexible, accessible learning opportunities. Many platforms offer courses ranging from technical skills to leadership development.
- Assess needs regularly: Conduct regular skills audits and consult with employees to identify training needs within your team. This ensures that training initiatives are targeted and relevant.
- Diverse training methods: Incorporate a mix of training methods to cater to different learning preferences. This might include in-person workshops, online courses, webinars, and peer-to-peer learning. For example, if you’re looking for training for the leaders in your company, look for leadership skills training that suits different stages. Impact Factory can tailor their skills courses to suit your needs.
- Measure impact: Evaluate the effectiveness of training programmes by measuring improvements in performance and feedback from participants. This can help refine future training initiatives and demonstrate ROI to stakeholders.
- Regular check-ins: Don’t wait for annual reviews to provide feedback. Regular one-to-ones offer timely insights into performance and development needs, fostering a more responsive and dynamic growth environment.
- Focus on development: Frame feedback in terms of development opportunities. Discuss actionable steps for improvement and offer support in achieving these goals.
- Create a two-way dialogue: Encourage employees to share their perspectives and aspirations. This not only helps tailor development efforts but also reinforces their role as active participants in their growth journey.
- Formalise mentorship programs: Establish structured mentorship programs that pair less experienced employees with seasoned professionals. Provide guidelines and training for mentors to ensure they are prepared to offer valuable support.
- Offer professional coaching: Consider investing in professional coaching for high-potential employees. Coaches can work with individuals on specific development areas, leadership skills, or career progression plans.
- Promote peer learning: Encourage informal mentorship and peer learning opportunities within teams. Sharing knowledge and experiences can foster a supportive learning environment and enhance team collaboration.
- Flexible working arrangements: Offer flexible working options, such as remote work, flexible hours, and compressed workweeks. These arrangements can help employees manage their personal and professional responsibilities more effectively.
- Encourage time off: Promote a culture that values taking time off for rest and rejuvenation. Ensure that employees feel comfortable taking their full entitlement of annual leave without fear of falling behind or being perceived as less committed.
- Provide resources for well-being: Offer access to well-being resources, such as employee assistance programmes, mindfulness sessions, or fitness memberships. Supporting employees’ physical and mental health contributes to a more positive and productive work environment.
- Career pathing: Work with employees to understand their career aspirations and identify potential paths within the organisation. Transparent discussions about career progression can motivate employees to develop the skills needed for future roles.
- Skill-based assignments: Encourage participation in cross-functional projects or task forces. These opportunities allow employees to apply their skills in new contexts and learn from colleagues in different areas of the business.
- Transparent job postings: Ensure internal job openings are widely communicated. Providing clear information about the skills and experiences required for each role can help employees identify development areas and apply for positions that align with their career goals.
Bassetlaw secures £20m levelling up boost
- £14m to redevelop old print rooms in Worksop, a vacant retail unit in Priory Shopping centre and a derelict site in Harworth & Bircotes. This will help create a new education centre, NHS health and wellbeing centre, and community hub.
- £3m for streetscaping in Retford, Worksop and Tuxford town centres, helping to improve access and tackle anti-social behaviour.
- £1.5m for Worksop to renovate derelict land and create a community farm shop.
- £1m to redevelop Retford Town Hall into a new community space, including a banking hub and £150,000 for investment in Manton Children’s centre in Worksop for use as a Family Hub whose services will support local families.
- £120k of funding to the Council to support them in their local skills scoping work to ensure people can make use of the economic opportunities that STEP will bring and strategic visioning for the arrival of STEP.
- £100k of funding for studies to help improve the town centres of Bassetlaw, which will further prepare the town and surrounding areas for the arrival of STEP.