Games Workshop and Amazon’s plans to develop films and TV series stride forward

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A year on from its initial announcement, Nottingham’s Games Workshop has entered into an agreement with Amazon Content Services LLC for the prospective development by Amazon of Games Workshop’s Warhammer 40,000 universe into films and television series, together with associated merchandising rights. 

Under the terms of the agreement, Games Workshop has granted exclusive rights to Amazon in relation to films and television series set within the Warhammer 40,000 universe, together with an option for Amazon to license equivalent rights in the Warhammer Fantasy universe following the release of the initial Warhammer 40,000 production.  

Games Workshop and Amazon will work together for a period of 12 months to agree creative guidelines for the films and television series to be developed by Amazon. The agreement will only proceed once the creative guidelines are mutually agreed between Games Workshop and Amazon.

‘Disruptive’ East Midlands startups invited to fully-funded Venture Builder

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Innovative and ambitious startups in the East Midlands are being offered the expertise of dedicated disruptor entrepreneurs to help drive transformation and resilience – as well as access to multiple perks including more than £70,000 worth of hardware and software credits – as part of the CBIT Venture Builder programme at Nottingham Business School (NBS), part of Nottingham Trent University.

The fully funded Venture Builder is a core part of the Centre for Business and Industry Transformation (CBIT) at NBS. It focuses on nurturing entrepreneurs who are looking to challenge and disrupt industry norms and revolutionise their business operations to propel them from the early stages to scalable and sustainable growth.

CBIT Venture Builder’s sparring partner approach delivers a customised journey tailored to each startup, featuring four key offerings: in-depth business model clinics and innovation; business process and product road mapping; strategic growth hacking; and investment readiness. This personalised journey ensures that a business’s growth is strategically guided and robustly supported at every stage.

Start-ups gain access to an array of perks, including advanced hardware and software technologies such as drones, AI development-ready stations, 3D printers for prototyping, and credits for essential services like Notion, Miro, AWS, Stripe, and other essential tools.

Professor Xiao Ma, director of CBIT and an internationally recognised thought leader and educator in entrepreneurship, business transformation, and digital economy, said: “Our role at CBIT has been pivotal in assisting numerous startups in pivoting and understanding their unique value propositions, aiding them in transforming business norms.

“We are committed to nurturing more businesses, helping them to innovate and challenge conventional industry standards, with the aim of establishing them as leaders in their respective fields.”

Businesses supported by the Venture Builder so far include IoT workforce and security management business, Jakin ID, and its parent company, Actatek, which has just won a major contract for the supply of state-of-the-art access control and workforce management hardware and software solutions, and UK grooming brand BarberBoss, which is currently working with the programme on a £230,000 Knowledge Transfer Partnership to improve supply chain efficiency and reliability through the use of artificial intelligence.

Recent additions to the portfolio are Freeaim VR, whose groundbreaking virtual reality shoes offer a highly immersive experience in virtual reality environments, and Healthy Air, a Nottingham-based venture pioneering in the field of air purification technology. Its advanced air purifier product is designed to significantly improve air quality in both workspaces and homes, effectively addressing the critical challenge of air pollution and ensuring a healthier environment.

The Venture Builder has also assisted DOCK-Y, a technology innovation company with a mission to make micro-mobility safer, smarter, and more secure. Experts from the programme helped DOCK-Y through the process of developing and launching its Advanced Rider Assist System (ARAS) that leverages artificial intelligence, computer vision, and machine learning to revolutionise the safety of e-scooters and e-bikes, among other micro-mobility device.

Manish Pillay, founder and chief executive of DOCK-Y, said: “DOCK-Y’s journey in the CBIT Venture Builder program has been significantly beneficial. This opportunity has allowed us to have access to valuable expertise, aiding in the refinement of our business model and processes, and enhancing our growth tactics. CBIT has been more than just a collaborator; they’ve been a valuable partner, propelling us forward in Dock-Y’s journey towards having a strong foot in the micro-mobility sector.”

The CBIT Venture Builder is fully funded but businesses must meet selection criteria as places per year are limited.

Public engagement event on Nottingham City Council budget proposals scheduled

A public engagement event has been scheduled on Nottingham City Council’s budget for 2024/25. The council is faced with a £50m funding gap as the crisis in local government funding continues to impact on authorities across the country. Last week, the council published initial proposals put forward by council officers to make the savings needed to close the budget gap and balance the budget for 2024/25, which is a legal requirement for all councils. The engagement event is due to take place at the Council House on Wednesday 20 December between 5.30pm and 7pm and is open to all. No booking or registration is needed. It will give people a chance to hear from leading councillors and officers on the proposals, the current national crisis in local government and ask questions. The council’s Executive Board will meet on 19 December to discuss the proposals and agree formal consultation can commence which will run for four weeks until 16 January. It will include an online survey as well as further engagement events. The proposals for consultation involve managing demand, increasing charges, reducing costs, reducing services to a statutory minimum and in some cases ceasing services and funding altogether. Last month, the council’s chief finance officer issued a Section 114 Report due to the authority not being able to deliver a balanced budget for the current year. Major pressures affecting local government nationally, including the cost of increased demand for children’s and adults’ social care and rising homelessness presentations, have led to a £23 million overspend this year and whilst the council says it is working hard to reduce this through enhanced spending controls, some of these underlying pressures will continue to affect the budget next year. Last year, services for adults, children and housing and homelessness accounted for 62.5% of the council’s revenue budget. Since 2013/14, the council’s Revenue Support Grant (RSG) from Government has reduced by £97 million every year. Over the same period, Nottingham’s ‘Core Spending Power’, a measure used by Government which also includes income from Council Tax, business rates and other grants, has reduced by 28.2% in real terms compared to 19.4% for all councils in England, according to SIGOMA, the Special Interest Group of Municipal Authorities. Although not the cause of the overspend in the current year, past issues in the council’s financial governance which led to the appointment of an Improvement and Assurance Board have reduced its financial resilience and ability to draw on reserves.

2024 Business Predictions: Edward Grant-Salmon, Managing Director of Xtra Express Logistics

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It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Edward Grant-Salmon, Managing Director of Xtra Express Logistics. I believe that businesses, particularly those in the logistics sector, will need to work hard on their sales pipelines in 2024. Interest rates and inflation on fuel have massively impacted cash flow for businesses in our industry in 2023, so logistics companies need a steady flow of new contracts coming in to negate this and be sustainable. The businesses that are cash rich and not paying high interest rates on business debts will weather any further storms that 2024 sends our way. Ultimately, the 2024 economy will be driven by government decisions on fuel duty, inflation, interest rates and other changes to legislation such as rises to the living wage and National Insurance contributions. Environmental, social and corporate governance (ESG) and eco/sustainability will be key considerations for logistics firms in 2024 too, with many prospective clients looking to them to demonstrate what they are doing to reduce their carbon footprint and tackle climate change.

Derby’s new performance venue reaches another milestone

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Derby’s new £45.8m entertainment and conference venue has reached another milestone as the auditorium starts to take shape. Just five months after main contractors Bowmer + Kirkland moved on site, the steelwork alongside rows of concrete steps which will become a tiered seating area is clearly visible. An overhead steel gantry containing 200 tonnes of steelwork for lighting and other technical equipment is also being constructed. Councillor Nadine Peatfield, Cabinet Member for City Centre, Regeneration, Culture and Tourism at Derby City Council, said: “It’s thrilling to see the building being built from the ‘inside out’ with the seating area being installed before the walls. It’s amazing to think this time next year the venue will be almost complete and getting ready to open. “This new and flexible space is a key part of putting culture back into the heart of Derby. The progress of the scheme so far is giving the city a real buzz and we are already talking to business and shop owners in the area to discuss how they will handle the increased footfall that the venue will bring.” In the coming weeks, additional steel beams will be fitted to create the roof, ready for the concrete pour in early 2024. This will be followed by a layer of insulation, plasterboard and quilting to ensure the building is soundproofed. The finished building will contain 1,200 tonnes of steel. Heavy machinery is helping the 10 operatives responsible for fixing the steel into place. The heaviest single piece weighs 3.5 tonnes and the longest single span of steel is 12.9 metres. Bowmer +Kirkland Contracts Manager, Stephen Green said: “This is an exciting milestone as the purpose of the building is now starting to reveal itself. “Despite the recent inclement weather, construction is on programme and we are delighted to be working with all our project partners to bring such an exciting development to Derby and the wider region.” Paul Morris, Development Director at St James Securities, added: “It’s great to see the new entertainment venue taking shape in front of our eyes. This fantastic venue will offer a larger, more flexible space than Derby has had in the past and will collaborate with and complement the activities of Derby Arena to provide the best possible events programme for Derby and the wider region.” Set to host over 200 cultural and commercial events each year, the venue is expected to attract an additional 250,000 visitors to Derby, create over 200 new local jobs, and increase levels of investment in surrounding areas of the city centre. The venue will be owned by Derby City Council and leased to and operated by ASM Global, a venue management company, whose UK portfolio includes OVO Arena Wembley, AO Arena (Manchester), and Olympia and OVO Hydro (Glasgow). Practical completion and handover are scheduled for the first quarter of 2025, just a couple of weeks later than was originally planned when contracts were signed in March 2022. The new 3,500 capacity venue forms the second phase of the £200m Becketwell regeneration scheme. Phase one includes The Condor, the city’s first purpose-built Build to Rent scheme, which is now open, owned and operated by Grainger plc, along with Springwell Square, a new public square for the city, which officially opened in September. The scheme is being developed by St James Securities, a privately-owned Leeds-based property developer. Future planned phases of the scheme include the potential for a range of other complementary uses of the site including a hotel, further residential accommodation, and purpose-built student residential.

BRUSH Group supports Leicestershire Christmas children’s charity

Loughborough-based BRUSH Group has teamed up with Leicestershire charity, Toys On The Table, to bring presents to some of the region’s most disadvantaged children this Christmas.

Employees of the energy engineering solutions company have gathered together a huge collection of new toys and games for the charity to distribute to children who might otherwise not receive anything on Christmas day.

Besides the generous gifts from its workforce, the company also donated 25 copies of Monopoly – Loughborough Edition – which features BRUSH as the Electric Company.

Nicolas Pitrat, BRUSH Group CEO, said: “Toys On The Table is a wonderful charity and we jumped at the opportunity to support them this year. I hope families receiving our gifts will enjoy spending time together playing Loughborough Monopoly over Christmas and I would like to thank all my colleagues who donated to this year’s collection.”

Survey reveals what young professionals want most from employers

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Flexible working, continuous personal development and maintaining a work-life balance are top of the list for the next generation of business, according to a report by East Midlands Chamber’s network for young professionals. A healthy work-life balance was ranked as the most important aspect of a job by employees aged 18 to 35 in Derbyshire, Leicestershire and Nottinghamshire, with 34% citing this as being above all other considerations in a survey by the Generation Next network. This was followed by salary (30%), entrepreneurial freedom (20%), benefits (10%) and innovation (7%). When asked how important hybrid and remote working is to securing a role, respondents gave it an average score of 7.3 out of 10. Generation Next, which runs professional development events and mentoring services for 18 to 35-year-olds, carried out its first-ever Young professionals in the East Midlands survey, with the aim to help businesses and other key stakeholders in the region understand the development needs and preferences of the future and existing workforce, as well as to align the network’s offering to members. The findings, which also covered challenges encountered by young employees and the type of learning they desire, will be discussed at the inaugural Generation Next Conference, held at Nottingham Forest’s City Ground stadium, on Friday 12 January. Lucy Robinson, director of resources at East Midlands Chamber and Generation Next lead, said: “Undertaking this survey has been a really important piece of work for us, not only to help the wider East Midlands business community to retain and attract young talent, but also to ensure our services are still relevant in developing the region’s skills. “Our Generation Next board of champions, chaired by Daniel Nikolla and featuring young professionals representing a broad range of sectors across the region, have spearheaded this work as they felt it was integral to giving a voice to young people working in our businesses, while enabling the network to stay committed to our mission of helping the young business community in the East Midlands to thrive.” Other key findings in the survey, which was completed by 116 participants, included: · While four in 10 of respondents use to LinkedIn for career development opportunities, 22% look to their own organisation, with local business groups and education institutions also accessed. Some 77% said a company’s training policy is an important driver for recruitment. · Continuous learning was valued by 82% of respondents throughout their careers, with 32% interested in accredited learning. · Networking was found to be either a somewhat or incredibly significant driver of career development for 98% of respondents, and 82% expected their employers to finance a subscription to a membership organisation, such as the Chamber or Generation Next, to support their skills development. · Thirty-six people said they had been mistreated for being young or inexperienced, with other challenges reported including a lack of resource, disrespectful behaviour, a lack of self-confidence, resistance to change from their employer and restricted flexibility. Generation Next chair Daniel Nikolla added: “I’m delighted to launch the results of our first survey, and I’d like to thank everyone who took part in the study. It is important to give young professionals a voice among our community to ensure we are retaining the top talent for the future of business.” Daniel commissioned the survey as part of his goals during his first year heading up the board. Fellow board member Harsh Shah, who is a data analytics manager at East Midlands Chamber, created the survey.

£15.6m development loan secured for 293-bed Lincoln student scheme

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Moorfield Group, a real estate fund manager, has secured a £15.6 million facility from Investec Real Estate to fund the development of a 293-bed purpose-built student accommodation (PBSA) campus in Lincoln. The development is already under construction and due to complete ahead of the 2024/25 academic year. Comprising four three-storey townhouses and a further five four-storey buildings, features will include an on-site reception and laundry facilities. This is Investec’s second student deal with Moorfield, having previously provided an £18.97 million loan for the development of a 282-bed PBSA scheme in Colchester. Jonathan Long, Head of Corporate Lending at Investec Real Estate, said: “With UCAS expecting to receive one million applications annually by 2030, we remain bullish on the student accommodation sector’s compelling long-term outlook. It has an attractive, inflation-protected income profile supported by deep-rooted demographic tailwinds. “Our 13-year track record providing a mix of domestic and international capital with a range of funding solutions means we are well placed to capitalise on the continued demand for new development. “Working with repeat borrowers is central to our longevity – in particular with businesses like Moorfield, who deliver high-quality specialist schemes that are key to supporting the UK’s growing student numbers.” Charles Ferguson Davie, Chief Investment Officer at Moorfield Group, said: “We have been investing in student housing for over twenty years and investor confidence in the sector remains resilient, with domestic and international investors keen to increase their exposure to an undersupplied asset class offering risk-adjusted returns and long-term income streams. “We see a market opportunity in new-build development and refurbishment of existing stock, with both strategies responding to investor demand for high-quality assets with leading ESG credentials.”

Four Northampton pubs sold to Valiant Pub Company

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A quartet of pubs from the McManus Pub Company portfolio has been sold to Valiant Pub Co. Located across Northamptonshire, the properties sold include The Lord Byron, The Fox & Hounds, The Golden Horse and The Foundrymans Arms. Gary McManus, Managing Director – McManus Pub Company, said: “This is not a decision we have taken lightly, and it is with a heavy heart that we say goodbye to a group of pubs that has been with us for many years. We would like to thank all of our guests that have dined, drank and supported us through the years. “We owe a huge debt of gratitude to all of our teams, past and present, for their hard work and dedication and we wish them all the best for the future. “It is the right time in our journey to reduce our liabilities and establish more solid foundations for the business. It gives us confidence to refocus our growth and explore exciting opportunities in bedrooms, wet led and neighbourhood venues, both locally and regionally. “Tom McManus, Strategy & Operations Manager will lead future acquisitions of suitable leasehold and freehold pub opportunities across Northamptonshire, Essex and surrounding counties. “Finally, we would like to wish Valiant Pub Co and their teams every success and hope that these pubs will continue to serve their local communities for many years to come.” Neil Morgan, Senior Director – Pubs & Restaurants at Christie & Co, who brokered the deal, said: “I have been working closely with Gary and his team on re-positioning their existing pub estate, with a focus on expanding their managed house portfolio within Northampton and further afield. “I’m delighted to have assisted with the disposal of these four charming local pubs to Valiant, who will no doubt continue to invest in the pubs and their teams, to ensure they remain at the heart of their local communities. I look forward to working with both McManus and Valiant again in future.” Mark McGinty, Chief Operating Officer of Valiant Pub Company, said: “We are very happy to acquire these high-quality pubs and look forward to welcoming them to the Valiant family.”

Leicester City FC’s planning application for the development of King Power Stadium receives formal approval

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Leicester City Football Club’s hybrid planning application for the development of the King Power Stadium and surrounding site has now received formal approval from Leicester City Council. It follows the Council planning committee’s initial approval in September 2022. This final decision had been held pending the finalisation of a Section 106 agreement in relation to the proposed development, which has now been concluded. A statement from Leicester City Football Club says: “The Club welcomes this endorsement of the planning committee’s previous approval and thanks its fellow city stakeholders for their continued cooperation and support for a developmental vision that will be transformational for the city and the region.” The hybrid application, initially submitted for consideration in October 2021 following a public consultation process, consisted of a detailed planning application for an East Stand expansion of 8,000 seats, along with an outline application for a wider masterplan, including a fanzone and public realm, an event and entertainment arena, a 220-room hotel, a residential tower and a new flagship club retail space. The wider masterplan is critical to the viability of the overall project, and the grant of outline permission for these additional elements represents a critical milestone for the overall development, whilst also providing the Club with an opportunity now to reassess its detailed proposals in light of market dynamics which have changed significantly since the Club’s proposals were initially submitted. The Club’s acquisition of further adjacent land since the planning application was first submitted can now also be factored into the vision for the overall site, and presents a further opportunity to strengthen the Club’s overall commercial proposition. The Club added: “It will be the responsibility of the Club’s leadership to ensure that the final detailed plans for a project of such longevity deliver optimal value, particularly given the scale of investment which will be required from the Club and its owners to bring it to fruition. “The Club looks forward to advancing those detailed proposals, while continuing to monitor associated market conditions, which will enable us to plan an appropriate timeline for development work to commence.”