Silverstone clean-tech business to upcycle bin lorries to electric power

Silverstone Park clean-tech business Lunaz has been appointed to ‘upcycle’ bin lorries to electric power for national operator Biffa as well as Buckinghamshire Council. The first truck converted from diesel to electric inside Lunaz’s 200,000 sq ft Silverstone Park premises will be delivered to the Buckinghamshire authority this autumn ahead of its wider fleet undergoing conversion in 2024. Lunaz’s founder and CEO David Lorenz said: “Lunaz is proud to unlock the power of up-cycling to provide local authorities and waste management companies with electric refuse trucks that represent a dramatically better outcome for both the planet and the taxpayer. “As a Silverstone based technology company, we are delighted to announce the first phase of our large-scale volume commitment to supplying the UK’s local authorities with clean-air and up-cycled refuse trucks.” Gareth Williams, Buckinghamshire Council’s Cabinet Member for Climate Change and Environment, said: “This is a very exciting moment for Buckinghamshire Council and a big milestone in our journey to cutting our carbon emissions and meeting our climate change strategy ambitions. “It marks the first step in our desire to run a more sustainable fleet of vehicles by using a renewable energy source and has multiple additional benefits. These include improving air quality and saving money both in terms of cheaper daily running costs, plus the retention of more than 80 per cent of the embedded carbon versus scrapping an existing vehicle and replacing with new. “In this regard, our partnership with Lunaz represents the best possible outcome for both the planet and the taxpayer. It also reflects our commitment as a council to supporting local business and employment in the area.” Meanwhile, Lunaz has committed to supporting the transition of Biffa’s existing diesel refuse trucks over an initial seven-year period to clean-air electric powertrains through its proprietary upcycling and electrification process and technology. Together the companies are working together to create an innovative solution for the transition of large vehicles to EV to reduce emissions and tackle global climate change. This multi-year production programme is expected to result in growing numbers of vehicles delivered to Biffa over the mid-term, starting later this year. It is estimated that an initial order of up to ten 26-tonne upcycled electric vehicle (UEV) refuse trucks will save up to 210 tonnes in embedded carbon. Biffa’s Maxine Mayhew, Chief Operating Officer, Collection and Specialist Services, said: “As the UK’s leading sustainable waste management company we are committed to enabling the circular economy while reducing emissions and carbon expenditure in every aspect of our business. “This long-term partnership with Lunaz is a major pillar in our collective effort to achieve our 2030 commitments. “We are proud to work with an innovative UK company to realise the transformational power of upcycling to save thousands of tonnes of embedded carbon in our transition to clean-air refuse truck fleets.” David Lorenz added: “Biffa has led from the front in pioneering more sustainable waste management practices here in the UK. We are proud to assist in delivering Biffa’s sustained commitment to leading the waste management industry’s transition to net zero. “By finding new life for diesel-emitting vehicles, we are delighted to stand together with a leading UK company in creating the potential to reduce global emissions at scale.”

Housing Growth Partnership invests £18m of equity to fund 557 new Midlands homes

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Housing Growth Partnership (HGP), the Lloyds-backed equity investor in the UK Living sector, has invested £17.7 million of equity across seven housing schemes in the Midlands since the start of 2023. HGP’s investment, alongside a diverse mix of established, local housebuilders, will enable the accelerated delivery of 557 much-needed for-sale and for-rent apartments and houses across the undersupplied Midlands region. The schemes, which are scheduled to complete between Q3 2024 and Q4 2025, comprise:
  • A sustainability-led retrofitting of the former St. Mary’s Hospital in Melton Mowbray, Leicestershire, to deliver 41 houses and four apartments, alongside Snowdown Homes
  • 37 and 166 apartments respectively in Birmingham city centre, with Rainier Developments and 10M
  • In Leicester city centre, 171 Build-to-Rent apartments, alongside Monk Estates
  • 21 homes in Sutton, Bedfordshire, representing a second transaction with Cora Homes. The scheme will be partly delivered using Modern Methods of Construction, reducing carbon emissions and accelerating construction
  • 47 new homes in Tansley Gardens, alongside Stancliffe Homes
  • Land purchase for 70 new homes in Derbyshire, in partnership with Cora Homes
The Midlands is a key region for HGP, where it has been partnering with SME housebuilders since 2016. To date is has provided c. £37 million of equity funding across 20 schemes in both the East and West Midlands, of which over £26 million has been invested over the last two years. Mike Murphy, investment director for the Midlands at HGP, said: “Against a restrictive debt financing backdrop, the requirement from regional UK developers for funding solutions that enable them to grow their businesses and accelerate housing delivery has never been more acute. “We have significant ambitions in the Midlands to continue expanding into different tenures. At the same time, these investments are aligned with our commitment to funding schemes which are delivering demonstrable environmental and social value.”

Revenue and profit rise at Belvoir Group

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Revenue and profit are on the rise at Belvoir Group, the property franchise and financial services group with its Central Office in Grantham. According to interim results for the six months ended 30 June 2023, revenue at the business increased by 3% to £15.9m. Meanwhile Belvoir posted a 10% increase in profit before tax to £4.4m. The period also saw the acquisition of BMA Bristol Ltd, a financial services business comprising 21 self-employed advisers and a lead-generating website. Dorian Gonsalves, Chief Executive Officer of Belvoir Group, said: “The outperformance of our business model continues to reflect the entrepreneurial nature of our franchisees and self-employed financial services advisers, who remain entirely focused on maximising the opportunities presented in all market conditions. “With 58% of their revenue derived from a strong recurring lettings market, our property franchisees have been able to offset the impact of the reduction in UK housing transactions. Meanwhile our financial advisers are mitigating the lower level of new purchase mortgages by servicing demand for remortgages and other related products from their substantial client banks. “Our resilient business model and our proven growth strategy underpin the ongoing success of the group’s performance and consequently, the Board confirms that the group is trading comfortably in line with management’s expectations for the year ending 31 December 2023.” Belvoir Group acquired MAB (South West) Ltd, a financial services business, last week.

City’s Public Health Chief leaves to take up work at University

Professor Ivan Browne has left his role as Director of Public Health at Leicester City Council, to take on a new role as a Professor of Public Health at De Montfort University. Rob Howard gas taken over his role at Leicester City Council, moving consultancy in public health with work for the voluntary sector, NHS, civil service and local authorities on his CV. Having trained in the city, Rob was very keen to come back and took up the role of public health consultant in the city council in January 2020. He worked closely with Professor Browne throughout the pandemic, which saw the city dealing with the longest lockdown in the UK. He said: “Everyone involved in public health learned so much from our shared experience of the Covid pandemic – the way that the whole city pulled together was remarkable and really cemented my commitment to working for the people of Leicester. “Having worked with Ivan for many years, I know his are big boots to fill and hope my experience will stand me in good stead for this next step.” Professor Browne has accepted a role as Professor of Public Health and Social Determinants of Health at DMU and is set to join the university in the autumn.

About 150 organisations feature on list of finalists for business awards

The finalists of this year’s East Midlands Chamber Business Awards have been revealed. About 150 organisations from across Derbyshire, Leicestershire and Nottinghamshire have been recognised in the 2023 edition of the annual awards, celebrating the region’s world-class business community and once again delivered in association with headline partner Mazars. The awards are split into three events for each county, and feature 14 categories, ranging from Community Impact and Excellence in Collaboration through to Excellence in Innovation and Commitment to People Development. Finalists now have a chance to state their case for winning at virtual judging panels next week. Panels will be made up of sponsors, a Chamber board member, and a representative from the Chamber’s senior leadership team. An overall Business of the Year is also selected for each county from all finalists by Mazars. Last year’s winners were Katapult (Derbyshire), Scope Construction (Leicestershire) and Copley Scientific (Nottinghamshire). East Midlands Chamber chief executive Scott Knowles said: “The resilience, ingenuity and hunger for growth within the East Midlands business community never ceases to amaze. “Our firms have faced some of the greatest challenges they will have ever encountered in recent times. Rather than become consumed by these, they have instead found new ways to succeed, whether that be through collaborating with other organisations, adopting new technologies to innovate, connecting with local communities, developing new export markets, or identifying opportunities for driving environmental and cost efficiencies. “These achievements are reflected across the line-up of this year’s Business Awards, along with individual honours that recognise the tremendous entrepreneurship existing in our region, as well as the future generation of talent among our outstanding apprentices.”

HMV owner’s wilko offer gets backing of creditors

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An offer from the owner of HMV to save Nottinghamshire retailer wilko has gained the backing of creditors, according to new reports. The Times says the firm’s administrators, PwC, are now looking into the financials behind the deal, thought to come as debt from Gordon Brothers. Last week it was reported that Doug Putman’s deal could save roughly 8,500 jobs, as noted by Sky News. Putman was said to be looking to acquire over 300 of wilko’s 400 shops. The news came as OnBuy put forward an improved offer for the wilko brand and after PwC confirmed a raft of redundancies.

Connect with property and construction professionals at the East Midlands Bricks Awards 2023

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While nominations for the East Midlands Bricks Awards 2023 are assessed, book your tickets for the highly anticipated event taking place on Thursday 28 September. Recognising and celebrating those behind the changing landscape of our region – the very best companies, teams, individuals and projects – the event showcases the exceptional work carried out across the East Midlands over the past 12 months. The awards also present a perfect networking opportunity, with the leaders of property and construction businesses from across the East Midlands in attendance. The event will additionally feature Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, as keynote speaker. Attend the glittering awards ceremony at Trent Bridge Cricket Ground to see who takes home the title of Contractor of the Year, Developer of the Year, Commercial Development of the Year, Residential Development of the Year, Sustainable Development of the Year, Deal of the Year, Most Active Agent of the Year, Architects of the Year, Excellence in Design, Responsible Business and of course Overall Winner.

Tickets can be booked here.

The event will begin at 4:30pm and continue until 7:30pm, with additional time thereafter for networking and celebrating. Complementary drinks and canapés will be served on arrival. Dress code is standard business dress.
The overall winner of the East Midlands Bricks Awards 2023 will also be awarded a year of marketing/publicity worth £20,000. East Midlands Bricks Awards 2023 When: Thursday 28 September 2023, 4:30pm – 7:30pm Where: The Derek Randall Suite, Trent Bridge Cricket Ground Keynote speaker: Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council Dress code: Standard business attire Tickets: Available here Thanks to our sponsors:                                                             To be held at:
 

NEXT and Reiss family to acquire private equity firm’s interest in fashion brand

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Leicester retailer NEXT and the Reiss family are set to acquire the entirety of Warburg Pincus’ (WP) 34% interest in the Reiss Group (Reiss) for £128m on a fully diluted basis. Upon completion of the transaction, expected to take place in mid-October, NEXT’s holding in the Reiss business will increase from 51% to 72%. The Reiss family’s holding will increase to 22% and the Reiss management team will hold 6% equity in the business. Following completion of this transaction, Reiss’s results will be consolidated into the NEXT plc accounts. The news follows a period of strong continued growth for Reiss under the leadership of CEO Christos Angelides, who will remain in that role. Christos previously worked for NEXT for 28 years, serving 14 years on the NEXT plc Board as Group Product Director. Reiss will continue to retain its own Board of Directors, Reiss management will retain autonomy and creative independence and the business will continue to be headquartered in London. Reiss’s websites and online operations, both in the UK and overseas, remain contracted to NEXT through NEXT’s Total Platform. In the year to 28 January 2023, Reiss achieved total sales of £324.6m, an increase of 26.4% on the prior year. Profit before tax in the same period was £51.6m, an increase of 50.5% on the prior year. Simon Wolfson, NEXT Chief Executive, said: “Reiss has performed exceptionally well since we first invested in March 2021. This success has been driven by the strength of its brand, first class management and the benefits of Total Platform; we look forward to continuing to develop the business with Christos and the Reiss team. “Warburg Pincus has been an excellent partner throughout the term of our investment and we have enjoyed working with them during the last two years.” Adarsh Sarma, Managing Director, and Rianne Schipper, Principal, Warburg Pincus, said: “Warburg Pincus is proud to have supported Reiss through its growth journey since 2016. “We would like to thank Christos, Jonathan and the management team for their unrelenting hard work and commitment – they have done an outstanding job, consistently demonstrating category-leading performance. “We have also been delighted by our partnership with NEXT and the way in which NEXT’s Total Platform has accelerated growth and enhanced the performance of the business.” Christos Angelides, Reiss Chief Executive, said: “We are appreciative of the excellent partnership with Warburg Pincus over the past seven years – their expertise has been instrumental to our sustained development and they have been a strong and trusted partner. “We look forward to continuing to focus on creating authentic and timeless collections for our customers and over the next few months we will be launching a number of new initiatives that will both expand the breadth and choice of our collections worldwide.” Raymond James served as financial advisor to Reiss. Kirkland & Ellis served as legal advisor to Warburg Pincus. Slaughter and May served as legal advisor to NEXT. nmelaw served as legal advisor to the Reiss family. Fried, Frank, Harris, Shriver & Jacobson served as legal advisor to the Reiss management team.

DMU part of new cyber cluster to support local businesses

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A new cyber cluster has been launched to support SMEs across the East Midlands in the cyber security industry to help the sector grow and boost the region’s economy. Backed by the Department for Science, Innovation and Technology and endorsed by the UK Cyber Cluster Collaboration (UKC3), it will create networks and collaboration between cyber security companies across the East Midlands. Its three founding directors are De Montfort University Leicester (DMU)’s Dr Ismini Vasieliou, David Nicholls, MD of Better IT, and Phil Harding, director of CyRisk. The collaboration is one of several projects that form the second phase of the LLEP’s Digital Skills Partnership, funded by £90,000 of Government investment. By mapping the ecosystem and hosting events, the East Midlands Cyber Cluster will bring together people and companies working in cyber, whether it be products or services, across Derbyshire, Leicestershire, Nottinghamshire, Lincolnshire and Northants. The cluster aims to boost collaboration by mapping the current ecosystem and hosting events and training sessions such as masterclasses. It will help support activities to address the digital skills shortage, promote the region’s cyber expertise and showcase innovation at a national level. Phoebe Dawson, LLEP Chief Executive, said: “Ensuring local businesses are cyber secure is incredibly important. This project is enabling companies to become as resilient as possible and lower the threat of cyber attacks whilst also upskilling the local workforce. “I would encourage local businesses to engage with EMCSC and explore the other programmes on offer as part of the Digital Skills Partnership.” The East Midlands has among the country’s lowest levels of cyber security companies, despite producing thousands of graduates from cyber security and computing courses every year. One of the aims of the cluster is to look at ways of retaining graduates by making sure they are aware of the career opportunities which exist in the region. Dr Ismini Vasileiou, Associate Professor in Information Systems at DMU, said: “The East Midlands Cyber Cluster will be a key pillar in supporting the East Midlands Economy, promoting strong partnerships between cyber security businesses so we can build upon and grow our cyber ecosystem. “We want to have a positive impact on the region’s economy and help create a talent base that will support innovation and skills, and we’d encourage cyber companies to get in touch.” By building cyber security knowledge, skills, infrastructure, and capabilities the cluster plan to support local businesses to become more resilient to cyber-attacks. The new cyber cluster will complement East Midlands Chamber’s work with the Leicester Skills Improvement Plan to give employers the best access to information on where to upskill and train their staff, and access the best talent. David Nicholls, MD of Better IT, said: “Working with SME’s in our region means I get to see the disruption and longer-term impact of cybersecurity incidents up close. “I am delighted to be involved with the EMCSC as it gives the East Midlands an independent platform to educate businesses and collaborate to improve cybersecurity skills and standards.” Linda Smith, Chair of UKC3 and Strategic Advisor to Midlands Cyber, said: “UKC3 is delighted to acknowledge the formation of the East Midlands Cyber Security Cluster and to welcome all future members into the wider national ecosystem. “This important sector economic representation for the region will provide many new opportunities for collaboration and growth.”

Asbestos management company gears up for 24-hour cycling challenge to raise money for Mesothelioma UK

Staff from a Northampton-based asbestos management consultancy will see their fundraising step up a gear when they take part in a 24-hour bike ride to raise money for a national charity. On Thursday, September 21, a team from Acorn Analytical Services will take part in the cycling challenge to raise money for Mesothelioma UK, the only national charity dedicated to supporting people living with the cancer which is caused by exposure to asbestos fibres. Throughout the day, a team of staff will take it in turns to complete legs on an indoor exercise bike which will be set-up at Acorn Analytical Services’ Northampton office. They will be supported throughout by colleagues offering drinks, snacks and plenty of encouragement. Director Ian Stone said: “We’re so proud of the team for taking part in this 24-hour bike ride to raise money for a charity which is hugely important. “Mesothelioma UK do an enormous amount to support people who are forced to live with the devastating effects of asbestos – a legacy which haunts us all. “While our work focusses on giving people the information and support they need to manage asbestos safely, we also want to support those who haven’t been so lucky. “With the support of the Northamptonshire business community behind us, we hope to be able to raise awareness on behalf of the charity, as well as much-needed funds which will go a long way to helping people get the support they need.” For more information about the challenge, or to donate, visit their website at www.justgiving.com/page/acorn-analytical24hour-1690537890484