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- The impacts of Covid and Brexit, with people opting for hybrid or work-at-home arrangements, and reduced availability of workers from Europe
- Lack of skills in certain sectors, including hospitality, the visitor economy and in specialist roles
- Demographic challenges, with young people tending to move out of the area, reducing the size of the local labour market
- Cost and availability of public transport, and the cost of housing in areas where there is a lot of second home ownership
- Positive promotion of the Derbyshire Peak District as a place to work
- Emphasis on the value of different occupations in sectors like hospitality, and the importance of apprenticeships for small businesses in addressing skills gaps and retaining younger workers
- Employers and business support organisations working together to creatively tackle some of the shared issues, such as transport shortages
- Lobbying for improved public transport and more affordable housing
Derbyshire narrowboat manufacturer unlocks growth
An Ashbourne-based narrowboat builder is expanding into a new premises thanks to financial support from HSBC UK.
Oakums Narrowboats will use a £881,000 funding package to purchase a new 14,000 sq ft property in Carsington Water. The additional space will increase the business’s capacity by 350 per cent, expanding its manufacturing capability and enabling the business to build seven boats at once, compared to two currently. The funding has also streamlined operations by facilitating the import of key boat parts from overseas.
The newly acquired premises will support Oakums to fulfil its ever-growing order book and reduce its waiting list. With half of the business’s customers based overseas, the funding will also facilitate further international growth for the business.
The funding package allows the business to continue its fast revenue growth, which has doubled year-on-year since the business was founded in 2019. Oakums has already reached £1.4 million of revenue in the past three months and is now anticipating annual revenue to increase to £6 million as a direct result of the expansion.
Liam Hainsworth, director at Oakums Narrowboats, said: “This funding marks a significant milestone and empowers us to embark on a new era of expansion and innovation within our industry.
“This is a strategic leap forward for us and paints a positive outlook for our future operations. Oakums has flourished from a personal hobby to a dynamic workforce of 14 skilled builders, and the banking team’s support has been instrumental in achieving this transformative growth.”
Mark Greasley, relationship manager at HSBC UK, added: “We’re dedicated to ensuring small businesses and enterprises can thrive both domestically and globally. Oakums has created a business model that we’re excited to get behind, and we couldn’t be more pleased to be able to support the company as it continues to grow.”
Founded by former architect Liam Hainsworth, Oakums Narrowboats manufactures luxury narrowboats for private sale. The business specialises in modern ‘Rosie and Jim’ style boats, and its core customer base includes holiday homes for international customers and houseboats for UK-based customers.
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Health testing company moves onto the high street
The owners of an East Midlands-based health testing company is set to offer a face-to-face advice service on the high street after purchasing its first retail outlet.
Healthy Stuff Online Ltd, based in Castle Donington, operates a worldwide testing service for people looking for insights on their health, including food allergies and intolerances.
It has now purchased a health food shop in Knaresborough, near Harrogate, which has been serving customers for more than 30 years.
Staff at the branch, who have all been retained, will now receive training to help customers take the range of Healthy Stuff tests in an on-site consulting room, which will be created later this year.
And its array of self-administered tests will be available to buy in store to complement the existing range of health supplements and well-being products which are already available to purchase.
While the historic building has undergone a refurbishment programme it still sells its complete range of health and wellbeing products, as well as its popular pick and mix loose tea range.
Healthy Stuff chairman Jason Wootton said: “We are absolutely delighted to be working with the team at Natural Choice which has been supporting the people of Knaresborough with their health and wellbeing for decades.
“We intend to support the company’s existing offering completely, but believe we can enhance the customer experience through our testing so they can gain valuable insights into which products will help them improve their health.
“Our tests, which are clinically proven and very similar to those used by medical professionals, are in heavy demand, but we want to go one better and help the NHS by inviting people into our new store to take a test as part of a wrap-around service involving face-to-face consultation and access to health and well-being products.
“We are thoroughly enjoying working alongside the staff at the store and we are learning more every day about this exciting market, which will be used to expand the group and develop further offerings to our current clients and partners.”
It is the first time Healthy Stuff has entered the high street, but it has plans to open several stores throughout the UK during 2024.
The company is making the move into bricks and mortar after doubling in size over the last year, thanks to a huge increase in demand for its hair and finger-prick blood sample tests from people taking investigations into their medical symptoms into their own hands.
The change in behaviour has been prompted by delays in seeing their GPs and people’s awareness of the ease and convenience of home testing following the widespread use of lateral flow tests during COVID.