Blueprint produced to shape Nottingham’s Eastside

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Blueprint produced to shape Nottingham’s Eastside
A blueprint for how the Eastside of Nottingham is developed in the coming years has been produced, underpinned by sustainability and protection of green spaces and heritage sites. A Supplementary Planning Document produced by the City Council will provide developers with a clear idea of what is expected for the area, which includes Sneinton Market and runs north-west to include Victoria Park and St Mary’s Rest Garden, parts of Lower Parliament Street and Glasshouse Street and Huntingdon Street as far as just below Woodborough Road. It provides a connection between the Victoria Centre, Hockley and Lace Market shopping areas and the communities of St Ann’s and Sneinton. It is also close to the Island Quarter and Waterside regeneration sites. As part of the Creative Quarter, the redevelopment of Sneinton Market and the Victoria Leisure Centre has created a vibrant centre for creative and digital economies which the new planning document aims to build from. All of these elements place Eastside as an important centre for regeneration. The new planning guidance states that the area presents a unique opportunity to contribute to the economic growth of the city, providing opportunities for a vibrant mix of new residential, business, shops, restaurants, leisure and cultural uses including the night-time economy. It is envisioned that there will be a variety of high quality housing, attractive to a wide range of households, well related to public realm and accessible to public open space and benefiting from good access to existing and new facilities. New and enhanced pedestrian routes will be created between the Eastside, city centre and adjoining neighbourhoods. The council will assemble existing and potential new sources of infrastructure funding to create high quality public realm and co-ordinate safe pedestrian, cyclist and traffic movement. All new development will be required to achieve a high standard of environmental sustainability and an appropriate balance in the type of housing. Portfolio Holder for Highways, Transport and Planning, Councillor Angela Kandola, said: “Regeneration of the Eastside area aims to deliver high quality housing, attractive to a wide range of households, to promote mixed and balanced communities, improved public realm and enhance connections between the Eastside, the city centre and adjoining neighbourhoods. “In line with our ambitions to become carbon neutral by 2028, we also want to encourage a range of measures that developers can employ to reduce carbon in their development proposals. These relate to energy efficiency, renewable energy and sustainable design and construction.” The Eastside Supplementary Planning Document was approved for adoption by the council’s Executive Board when it met on Tuesday 18 July.

Inflation falls as fuel and food prices decrease

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Inflation falls as fuel and food prices decrease
UK inflation fell to 7.9% in June, according to the latest ONS figures, down from 8.7% in May and coming in below expectations. With hopes that this means a turning point for stubbornly high inflation, reduced motor fuel and food prices drove the decrease – the lowest inflation has been since March 2022. Core inflation, meanwhile, which takes out energy, food, alcohol and tobacco to give a clear picture of underlying trends, was down from 7.1% to 6.9%. Commenting on June’s inflation figures, Editorial and Research Fellow at the free market think tank the Institute of Economic Affairs, Professor Len Shackleton, said: “If last month’s 8.7 per cent annual increase in the CPI was unexpectedly high, this month’s 7.9 per cent is a shade lower than expected. This is mirrored in other indicators such as CPIH and core CPI. “Since these figures were tallied, Russia has ended a deal to allow grain exports from Ukraine, which will likely push up global and UK food prices. Mortgage rates have also gone up. Nevertheless, since the extraordinary increases in the money supply that ultimately fuel inflation have ended, inflation is set to fall further. “Rishi Sunak’s pledge to halve inflation by the end of the year may still be optimistic, but at least there are no grounds for the Bank of England to raise interest rates further. Nor are there any grounds for panic measures to hold down prices artificially, such as Grant Shapps’ silly initiative to curb supermarket petrol prices.”

Microlise Group helps raise over £15k at the inaugural Transaid Cup

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Microlise Group helps raise over £15k at the inaugural Transaid Cup

Microlise Group, a Nottingham-based provider of technology solutions, has helped raise over £15,000 in support of a new fundraising initiative: the Transaid Cup, for international development organisation, Transaid.

Working closely alongside the charity and Libra Consulting to organise the event which took place at Ilkeston Town Football Clubs’ Microlise Ground, employees also took to the pitch to compete against 12 other industry teams.

The tournament featured 13 teams in a 7-aside format, with Michelin Riverside going head-to-head with Michelin Factory in the final match, stealing the crown with an impressive victory. Other teams in attendance on the day included Dawsongroup, Goodyear, GXO, Kinaxia, Lytx, MAN, MEP Hire, and RHA.

Microlise customer, Creed Foodservice, made a sizeable donation of food and drinks, which players and spectators were able to purchase, with all proceeds going directly to Transaid. Employ Recruitment also provided sponsorship to support the event.

All money raised will directly support Transaid’s mission to transform lives through safe, available, and sustainable transport, by improving road safety and access to healthcare in sub-Saharan Africa.

The charity works closely with local communities, government agencies, and the private sector to develop sustainable transportation systems and advocate for policy changes that enhance mobility and improve road safety.

The Transaid Cup offered multiple avenues for participation, including team registrations, spectating, volunteering, and company sponsorship. Its JustGiving page is still open for donations.

Speaking on the event, Nadeem Raza, Microlise Group’s CEO, said: “We are delighted to collaborate with Transaid and Libra Consulting on this dynamic fundraising initiative, to engage with the transport and logistics industry and rally support for Transaid’s life-saving work.

“The event not only offered an exciting day of sporting competition but also the opportunity to contribute to a worthy cause. By raising funds through the Transaid Cup, we have helped Transaid to expand its reach and deliver essential transport solutions to those who need them the most.”

Caroline Barber, Chief Executive at Transaid, added: “We are incredibly grateful to Transaid’s long-term corporate partner Microlise, and the team at Libra Consulting for the level of effort put into making the inaugural Transaid Cup such a great success.

“We would also like to thank the event sponsors for their generous donations, Ilkeston Town F.C. for hosting the tournament, and all the individuals in the teams that participated. The funds raised will contribute significantly to sustaining and developing our programmes in sub-Saharan Africa, ensuring professional drivers can safely leave for a day’s work, and people can access healthcare when they need it most.”

Chesterfield to bridge the skills gap with businesses

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Chesterfield to bridge the skills gap with businesses

A new plan which is designed to boost skills and career opportunities for local people has been launched by Chesterfield Borough Council.

The new Skills Action Plan sets out a variety of partnership initiatives – working with local agencies and businesses – to help bridge the skills gap.

It includes new projects that are designed to provide training and support for local people to improve their skills and access a wider range of career opportunities. The plan also establishes a new Skills and Employment Partnership which aims to put employers at the heart of local skills development and ensure local people are developing the right skills to access new opportunities.

Councillor Tricia Gilby, leader of Chesterfield Borough Council and vice chair of the Skills and Employment Partnership, said: “This new plan and partnership aims to deliver our objective of creating a thriving borough where everyone can benefit from a growing local economy.

“We want to ensure that local people have the skills to progress in their careers or access new opportunities as they become available. Working closely with businesses is key to achieving our aims because we need to ensure that we are helping local people develop the skills that employers need.

“Our action plan introduces a range of new programmes and initiatives that will help people of all ages to boost their skills and develop new careers. We will be working with lots of delivery partners including education providers, employers, voluntary sector organisations and other councils, to ensure these programmes meet the needs of local people.”

The action plan sets out 12 areas of action across six themes including, Young People, Ambitions and Connections to Work, Increasing Higher Level Skills, Barriers to Employment and Widening the Workforce, Anchor Organisation Project Opportunities, Sector Specific and Future Skills, and Skills Brokerage and Partnership.

Within each theme there are a series of activities and commitments, these include the expansion of the Careers Made In Chesterfield programme, delivering a digital inclusion and work readiness programme, and the creation of a workforce upskilling programme focussed on green and digital careers. These are just some of the many actions that the council will take over the next five years to realise the ambitious plan.

Michael Timmins, a director at AECOM and chair of the Skills and Employment Partnership, said: “To help the local economy continue to grow we need to work together to ensure people have the right skills and experience to access high quality jobs.

“I’m proud to chair the new partnership because it shows there is a strong commitment to listening to businesses and responding to their needs through skills development. I look forward to seeing the new programmes starting up and hope that lots of people will take these opportunities on.”

The Skills Action Plan will run from 2023 until 2027. It is just one of a range of projects and initiatives which is being funded through the UKSPF, after the council was successful in securing £2.6m from the Government. It will fund initiatives, until 2025, which are designed to improve life for local people and support local businesses.

Construction completes on new Loughborough apartment development

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Construction completes on new Loughborough apartment development
Horsnall Holdings has completed the construction of The Wharf, a 55-unit scheme in Waterside Village, Loughborough, with support from funding from Paragon Bank’s Development Finance division. Paragon provided an £8.3 million finance package in a deal led by senior relationship director Simon Dekker, with support from senior portfolio manager Craig Seaborne. The Wharf consists of 55 one, two and three-bedroom flats with facilities including a fitness studio, private rooftop garden, co-working space, canalside garden and concierge service. All units within the scheme are fully sold out. The development forms part of the three-phase scheme, with all new apartment buildings, funded by Paragon Bank. Waterside Village developments include award-winning, The Gate, repurposed 1800s hosiery factory, The Mill, and the final installment, The Wharf. Mark Horsnall, director of Horsnall Holdings, said: “We are delighted the final stage of Waterside Village has concluded with The Wharf. The project signifies the completion of the stunning three-phase apartment development in Loughborough. “Our strong relationship with Paragon continues to grow, with the completion of The Wharf. Not only have they funded all three phases of Waterside Village, but this completion is also our seventh deal with Paragon. Working with Simon and his team is always a delight and they are a crucial part of delivering these fantastic facilities.” Simon Dekker, Paragon Bank Development Finance relationship manager, said: “Congratulations to the team at Horsnall Holdings for completing the final development in this incredible scheme. We are delighted to be there from the very beginning and to see their vision come to fruition. “The apartments are superb homes and facilities with each build complementing the other as part of the Waterside Village. We enjoy working with Mark and his team at Horsnall Holdings and are thrilled with their success.”

Nominate exceptional businesses for Developer of the Year at the East Midlands Bricks Awards 2023

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Nominate exceptional businesses for Developer of the Year at the East Midlands Bricks Awards 2023
With nominations OPEN until Thursday 31 August for the annual East Midlands Bricks Awards, shining a light on the region’s property and construction industry, 10 categories are available to enter, offering a prime forum to showcase outstanding businesses, teams and projects. One category at the prestigious event is Developer of the Year, which can be entered here. The winner of this category will be the developer that has truly pushed the limit over the last 12 months. Their scheme(s) will have shown to not only be a success, but that there was true demand for them. The winning developer will have displayed courage in a tough market to deliver award winning results. There is no size limit, but schemes must have been completed over the last 12 months. Last year the award was won by HBD. Judges said: “HBD has demonstrated a commitment to creating places in the East Midlands with purpose. Their work at Markham Vale, Nottingham’s Power Park and plans for TMS in Leicester are driving regeneration and delivering potential for inward investment and job creation across our region.” Runners up were Hockley Developments and St James Securities. With this year’s Developer of the Year award once again sponsored by Ward, Donald Ward, Operations Director at Ward, said: “Each year the Bricks Awards get better and better. The quality of entries gets even tougher to judge. It’s a real celebration of the achievements of businesses in the building and construction sector across the East Midlands. We’re pleased to be sponsoring the Developer of the Year award again this year and look forward to getting involved.”

Submit your nominations for Developer of the Year here before entries close on Thursday 31 August.

Guests network at the East Midlands Bricks Awards 2022
Winners will be revealed at a glittering awards ceremony on Thursday 28 September, at the Trent Bridge Cricket Ground – an evening also offering an opportunity to establish new connections with property and construction professionals from across the region. Other award categories open for entry include: Most Active Estate Agent, Commercial Development of the Year, Responsible Business of the Year, Residential Development of the Year, Contractor of the Year, Deal of the Year, Architects of the Year, Excellence in Design, and Sustainable Development of the Year. All entry forms can be accessed here. The Overall Winner award will also be presented at the event. This award cannot be entered, with the winner selected from those nominated. The Overall Winner of the East Midlands Bricks Awards 2023 will also receive a year of marketing/publicity worth £20,000.

Book your tickets now

Tickets can now be booked for the East Midlands Bricks Awards 2023 – click here to secure yours. The special awards evening and networking event will be held on Thursday 28 September 2023 in the Derek Randall Suite at the Trent Bridge Cricket Ground from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, our keynote speaker. Dress code is standard business attire. Thanks to our sponsors:                                                             To be held at:

Company insolvencies up 40 per cent year on year

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Company insolvencies up 40 per cent year on year
The number of registered company insolvencies in May 2023 was 2,552, 40% higher than in the same month in the previous year (1,825 in May 2022). This was higher than levels seen while the Government support measures were in place in response to the coronavirus (COVID-19) pandemic and also higher than pre-pandemic numbers. There were 189 compulsory liquidations in May 2023, 34% higher than in May 2022. Numbers of compulsory liquidations have increased from historical lows seen during the coronavirus pandemic, partly as a result of an increase in winding-up petitions presented by HMRC. In May 2023 there were 2,181 Creditors’ Voluntary Liquidations (CVLs), 38% higher than in May 2022. Numbers of administrations and Company Voluntary Arrangements (CVAs) were higher than in May 2022. The numbers provided in this publication are not seasonally adjusted and changes between consecutive months may not indicate overall trends. Therefore, in this publication Forbes Burton compare to the same calendar month in the previous year. The number of registered company insolvencies in May 2023 was higher than in the same month last year, driven by a higher number of CVLs. England and Wales, May 2019 to May 2023, not seasonally adjusted.
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This statistical release presents the numbers of CVLs, administrations, CVAs and receivership appointments based on their registration date at Companies House, and therefore numbers reflect company insolvency registrations rather than insolvency procedure start dates. Compulsory liquidation data are sourced from the Insolvency Service and provide an accurate measure of the number of new cases in each month. Data for the latest month were extracted from a live system five working days after month end and therefore figures are provisional. Of the 2,552 registered company insolvencies in May 2023:
  • There were 2,181 CVLs, which is 38% higher than in May 2022;
  • 189 were compulsory liquidations, which is 34% higher than May 2022;
  • 31 were CVAs, which is 121% higher than May 2022;
  • There were 151 administrations, which is 80% higher than May 2022;
  • There were no receivership appointments.
The chart above shows the historical trend of company insolvencies covering the past four years. Up from pre-pandemic levels From the start of the coronavirus (COVID-19) pandemic until mid-2021, overall numbers of company were low when compared with pre-pandemic levels. This is likely to have been partly driven by government measures put in place to support businesses and individuals during this time. Company insolvency numbers have now returned to and exceeded pre-pandemic levels. Between 26 June 2020 and 31 May 2023, in England & Wales, 44 moratoriums were obtained and 21 companies had a restructuring plan registered at Companies House. These two procedures were created by the Corporate Insolvency and Governance Act 2020. Need help navigating the rough seas we’re facing right now? Give Forbes Burton a call on 0800 975 0380. This article contains public sector information licensed under the Open Government Licence v3.0.

£3.5m of funding delivered to East Midlands life sciences companies

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£3.5m of funding delivered to East Midlands life sciences companies
Organisations came together to join Medilink Midlands in celebrating the success delivered under the three ERDF funded programmes, INSTILS, SoLSTICE and ACTIS and to find out what is next for the region. Interim Chief Executive, Melanie Davidson, advised that a total of £3.5m in grants was achieved. This funding was able to leverage investment equating to £47 of private investment for every £1 of public funding. Alongside the funding distributed, Medilink Midlands’ Advisers delivered over 8,000 hours of innovation support to regional life sciences organisations. The business support projects have had a significant impact on the economic growth of the life sciences sector, delivering funding, support, advice, and networking opportunities to companies during the eight years the projects have been in operation. Melanie Davidson explains: “The funding has been instrumental in the creation of over 208 high level jobs and we’ve been able to support 391 businesses on a one-to-one basis, with a total of 66 new enterprises created.” Independent assessments of the projects also demonstrated an impressive 100 percent satisfaction rate from organisations who received support. The projects also involved collaboration with 79 universities and the delivery of 180 events. Success stories from East Midlands businesses that have benefited from the funding include BlueSkeye AI, a company that has developed facial recognition AI to be able to detect depression; Neurotherapeutics, creators of a stimulation and monitoring device aimed at alleviating the symptoms of Tourette’s; Blum Health, which offers bespoke specialist recruitment solutions throughout the healthcare system, and JT Rehab Limited, inventors of the S-Press, which allows patients the ability to continue with their physiotherapy at home. Paul Cable, CEO of Neurotherapeutics (Neupulse) Limited, creators of a medical device aimed at helping sufferers of Tourette’s manage their tics, comments on the company’s progress: “We carried out a clinical trial that started in March 2022 and completed in March 2023 and the results of that trial have been absolutely phenomenal.” He adds: “Short term, our goal is to get this device out there. There are so many people who want this device. It will really make a big difference to their lives.” Other East Midlands-based funding recipients included iethico, a business that has created a technological solution to the supply and distribution of medicine shortages; MumPod, which provides innovative, safe and convenient spaces to employers and service providers supporting pregnant and breastfeeding parents; Spirit Health, which works with the NHS to deliver a new way of delivering healthcare to those in the community, and VUIT, a company providing data analytics to healthcare providers to allow better understanding and more targeted practice of health in the community. Melanie added: “With the established skills, knowledge, expertise, networking and connections in place, Medilink Midlands will continue to deliver sector support whilst representing the Voice of the Industry for Medtech and life science organisations, and although the ERDF funding has now concluded, we are delighted to be able to announce the launch of MeTAP, a new business support programme for businesses based in the East Midlands.” MeTAP aims to assist start-ups with targeted support streams, including the Innovation Accelerator Programme. Working in partnership with the University of Nottingham, MeTAP aims to support companies to accelerate innovation and provide the right skills and tools to enable companies to increase their competitive advantage.

G F Tomlinson partners with Austrian training provider for international skills exchange

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G F Tomlinson partners with Austrian training provider for international skills exchange

Midlands contractor, G F Tomlinson, has extended its reach internationally by linking up with an Austrian training programme, known as ‘The Dual Academy’, to welcome international student Konstantin Pata for a four week internship, to learn about UK construction methods compared to those back home in Austria.

G F Tomlinson were approached via a mutual contact in the UK to see if they could help Konstantin fulfil the requirements of his training programme in the UK.

Konstantin is a 21-year-old student who works for Austrian construction company, Filzmaier Dach Fassade GMBH, who are sponsoring and supporting his apprenticeship, alongside The Dual Academy.

This unique partnership between construction companies from different countries will provide an insight and transferable knowledge for both parties, giving Konstantin first-hand experience of the UK construction process, whilst also enabling the G F Tomlinson team to learn more about Austrian construction methods.

G F Tomlinson developed an enriching placement plan which enabled Konstantin to be both office-based and in an on-site environment, working closely alongside senior contracts manager, Paul Thornewill, and the G F Tomlinson team at Foston Park in Derbyshire – where work has recently started to deliver a 127,000 sq ft warehouse for logistics company Ascott Transport Limited (ATL).

On his placement, Konstantin said: “I’m excited to not only be working abroad but also to be working alongside a well-respected regional contractor such as G F Tomlinson, with over 130 years of experience to call upon. This hands-on experience in the UK within the construction sector will be valuable learning to help me to successfully complete my apprenticeship.”

Andy Sewards, chairman and Managing Director of G F Tomlinson, said: “We were only too pleased to step in and assist Konstantin with his quest for vital construction experience in the UK, following a call from a mutual contact.

“It is a very unique partnership that both parties can benefit from, and it is fantastic to get to know Konstantin and work closely with The Dual Academy enabling us to mutually educate our skilled teams in international construction best practices.

“We’ve provided apprenticeships and work experience placements for years for our own local young people, and we are due to receive five new starters this September. We are incredibly proud that our remit is now extending across international borders, providing opportunities for oversees students and our own teams to collaborate jointly to improve construction methods in the future.”

Affinity lands top recognition as it continues to back UK SMEs

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Affinity lands top recognition as it continues to back UK SMEs

Nottinghamshire’s Affinity Asset Finance has been officially recognised as one of the top volume performers in the UK by one of the country’s largest asset finance businesses.

Affinity has been crowned Top Hard Asset Broker of the Year by Novuna Business Finance, a leading financial services company, which annually awards its brokers across the Midlands, South East, South West and the North regions.

Affinity has a long and successful relationship with Novuna Business Finance, which is part of its extensive panel of funders, regularly introducing and completing business funding for the firm.

Neil Kimberley, director at Affinity Asset Finance, said: “We’re thrilled to be recognised by such a renowned name as Novuna Business Finance and we’re incredibly proud of the relationship we’ve cultivated with the company.

“This award recognises the volumes of business we introduce, as well as very high acceptance and conversion rates for our introduced business over the year.

“We’ve now proven that Affinity is the top volume performer across the Midlands. We can boast £6m+ of brokered finance through Novuna Business Finance across a 12 month average – and this figure is growing.”

Novuna Business Finance is amongst the UK’s top five largest asset finance providers, powering the growth aspirations of SMEs and larger corporations across multiple sectors through bespoke, flexible finance solutions.

It was the first asset finance provider in the UK to be accredited to offer the British Business Bank’s CBILS and played a prominent part in helping businesses navigate the pandemic.

Matthew White, sales manager at Novuna Business Finance, said: “Affinity have been a key funding partner of Novuna for many years. We work exceptionally well together and understand how each other’s businesses operate.

“Knowing where to place deals and getting everything right, first time, is key to a good broker / funder relationship. Neil and Tom deserve to be recognised with this award. Thank you both for your continued support.”

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