Vision set out to boost visitor economy and support local businesses in Northamptonshire
Funding boosts for Hinckley & Bosworth borough businesses
Interest rates held at 5.25%
Sale of Pendragon’s UK motor and leasing business completes
Nottinghamshire car retailer Pendragon has completed the sale of its UK motor and leasing business to North American automotive retailer Lithia in a £367 million deal.
The company said in a statement to the London Stock Exchange: “Pendragon is pleased to announce the sale of the entire issued share capital of Pendragon NewCo 2 Limited completed on 31 January 2024 for a gross aggregate consideration of £367 million, subject to certain financial adjustments, following the satisfaction of all customary completion conditions, alongside the subscription by Lithia for an aggregate subscription price of £30 million and the entry into the strategic partnership with a wholly-owned subsidiary of Lithia Motors, Inc.”It marks the beginning of the transformation of Pendragon into Pinewood Technologies, a pure-play SaaS business, which operates the company’s dealer management software business.
The business believes that the growth prospects for the company will be enhanced materially as a result of becoming a standalone business, as well as through a strategic partnership with Lithia.
Chris Holzshu, Chief Operating Officer of Lithia, and George Hines, Chief Technology Officer of Lithia, have been appointed to the Board.
In addition, Mark Willis’ resignation as Director and Chief Financial Officer of the company will become effective today. He is replaced as a Director and Chief Financial Officer of the company by Oliver Mann, previously Director of Group Finance of Pendragon.
Nottingham Venues hosts launch of 2024 British Transplant Games
This summer, Nottingham will host the annual British Transplant Games and Nottingham Venues, the collection of independent venues within the University of Nottingham Campus, has announced that it is an official Games Partner for the event.
The flagship event of charity Transplant Sport, the 46th annual British Transplant Games, is a multi-sport event, which aims to raise awareness of the life-saving benefits of organ donation.
Nottingham Venues provided the Jubilee Hotel and Conferences on the University of Nottingham’s Jubilee Campus as the backdrop to the launch event last month. Welcoming Games stakeholders, sponsors, partners, donor families, doctors and transplant recipients from across the UK, the launch event started the official countdown to events running in Nottingham from Thursday 1st to Sunday 4th of August 2024.
Nottingham Venues will provide accommodation for the 2000+ organisers/athletes across its collection of independent venues, including the 4* Orchard Hotel and the Jubilee and Conferences Centre. In addition, they will set up a team of volunteers to help during the 4-day event.
Tom Waldron-Lynch, General Manager of Nottingham Venues, said: “We’re really excited about being a Tier 1 partner for the British Transplant Games 2024. We are incredibly proud of our region, our city and our accessible location, as well as our exemplary guest experience.
“This will be a landmark event for Nottingham this summer and we are looking forward to supporting the event and providing the perfect locations for members of the transplant community to prepare to compete, come back, relax and convene with other like-minded people.”
Seeking to reach and engage families and communities in Nottingham and the wider Midlands region, as well as spark vital conversations around organ donation and prompt people to share their decisions with loved ones, the Games will celebrate the gift of life and give the transplant community the opportunity to reconnect.
As well as promoting the organ donation, the event also encourages transplant recipients to stay active post-transplant. The Games Transplanted includes over 2,000 athletes ranging from ages three to eighty. Plus, more than sixty hospital teams across the UK will represent their transplant unit with the support of family, friends and volunteers to compete in the Games, uniting the entire transplant community.
Transplant Sport was delighted with the success of the 2023 British Transplant Games in Coventry and the Nottingham Games are set to be bigger and better than ever with events being held across Nottingham Trent University (NTU) Clifton Campus, University of Nottingham David Ross Sports Centre and Harvey Hadden Sports Village. Nottingham Tennis Centre, Bowls Club and Wollaton Park Golf Club are also hosting events.
Dr Paul Harden, Chair of Transplant Sport, said: “I’m sure I can vouch for everyone involved in the Games in saying that we are all really looking forward to a wonderful event hosted in Nottingham as we know the facilities will be first class.
“I have no doubt this year’s Games will be the best yet through our ongoing support network from the stakeholder board, talented athletes and volunteers making it their mission to leave a legacy behind in Nottingham.”
The British Transplant Games are being staged with the help of continued support of Westfield Health, Kidney Care UK, Anthony Nolan, NHSBT and Extra Motorway Services. Local partners who have committed to financially support the Games include Nottingham University Hospitals NHS Charitable Trust, the Nottingham Organ Donation Committee Nottingham University and Nottingham Trent University, with Nottingham Venues committing to a Tier 1 partnership.
Tim Reddish, Chairman at the 2024 British Transplant Games, said: “This is a wonderful chance to express our gratitude towards the donor families and live donors who selflessly contribute to improving the quality of life for people all over the UK. I strongly encourage everyone in the vicinity of the Games to attend and witness first-hand the inspiring stories of the athletes and families involved this summer!”
For more information on the Westfield Health British Transplant Games and how you can get involved, visit: https://www.britishtransplantgames.co.uk/
East Midlands loses out on funding to protect against flooding
Following A National Audit Office report which confirms that the region is losing out on much-need funding to protect against flooding, East Midlands Councils (EMC), a body which represents local authorities across the region, is calling on the Government to update the model for investment in flood defences.
The NAO’s analysis of the Environment Agency’s investment programme confirms that the East Midlands receives almost the lowest level funding per property at risk at £3,227, despite large areas of the region being vulnerable to fluvial (river), surface water, and coastal flooding. This compares unfavourably to North East which receives almost 4 times as much at £12,563 per property and the North West at £10,204. Cllr Martin Hill, Chair of EMC, and leader of Lincolnshire County Council, said: “For many towns and villages in the East Midlands, it is becoming almost impossible to secure the necessary investment to protect homes and businesses. “While proposed flood defence schemes in the East Midlands inevitably stall, we are seeing funding increasingly skewed to other parts of the country. “East Midlands Councils have written to the Government highlighting these concerns, including with the Government’s model for investment and business case appraisal that has made it increasingly difficult to secure funding despite a clear need and the obvious value for money that our region offers.” Cllr James Naish, EMC Executive Board Member and Leader of Bassetlaw District Council, said: “The NAO report clearly shows that it is time to overhaul the funding model for flood defences. “According to Environment Agency data, just 120 extra properties across Derbyshire, Leicestershire and Nottinghamshire were protected from flooding in 2022/23. This is a much lower figure than in other more affluent parts of the country. “This is despite East Midlands counties being some of the areas worst hit by recent storms and being promised millions of pounds of extra investment to make them more resilient. “Our communities are no longer willing to be treated as collateral damage for funding failures. It is time for the Government to overhaul the system to make sure that the shackles blocking the Environment Agency are broken, so they can invest where there is a demonstrable need to reduce frequent flooding.” In recent months, the East Midlands has battled Storm Babet, Storm Henk, Storm Isha, and Storm Jocelyn, which have caused major disruption due to flooding, leading to major evacuations, emergency responses and clean-up operations. Last year, the East Midlands All Party Parliamentary Group consisting of MPs from across the region published a report on the wider social and economic benefits of major infrastructure investment in the region which highlighted the need for more investment in flood defences.EMC has been warning about the dangers of increased flooding for some time, producing a major report with the Met Office in 2015 (Changing Nature of Flooding in the East Midlands) which outlined the key challenges facing the region over the next decades, and areas where an enhanced response will be required to protect against flooding.
IAB issues fresh Instructions for Nottingham City Council’s budget-setting process
- The s151 officer, after consultation with the Chief Executive and fellow Corporate Directors, shall present his best professional view on a draft budget for 2024/25 in line with normally expected professional standards but which in particular maximises the level of savings options that Corporate Directors believe can be delivered and thus quantifies the minimum budget imbalance relying on the bid to Government for ‘Exceptional Financial Support’
- Subject only to any professionally required changes determined by the s151 officer, the draft budget for 2024/25 as defined in 1 above, shall be presented and recommended to the Full budget-setting Council meeting for its approval.
Rutland goes ‘wild’ as pre-planning application submitted
An ambitious project fronted by the owners of a farming and land estate in Rutland could see native bears, wolves, and lynx reintroduced to the countryside along with other indigenous species, if local proposals are successful.
With conservation at its heart, the aim is to turn over 1000 acres of land stretching from Burley Wood to the Oakham bypass, into Wild Rutland – an immersive visitor attraction, bringing with it employment opportunities and transforming the tourism landscape of Rutland.
The Hanbury family, who have lived and farmed on the Burley Estate for centuries, believe now is the right time to embark upon the Wild Rutland project.
James Hanbury said: “Like many farms in the UK, Burley needs to diversify in order to remain self-sufficient, but it has been a long-held dream of our family to develop a project that benefits the natural environment, builds upon what Rutland has to offer both residents and visitors and retains the integrity of the county.
“We hope that our proposal will be seen as complementary to what is already on offer in Oakham for nature lovers and provide a place where people can explore and learn more about indigenous species and their habitats. We sincerely hope that Wild Rutland will enhance the county and be something that Rutland can be proud of.
“The overriding intention is to improve the natural habitat and ecology of the area, using techniques such as regenerative farming, which in turn will create new opportunities for greater bird, insect and reptile diversity. Ultimately, our ambition is that Wild Rutland will facilitate an education of British nature and encourage people to enjoy the natural world, whilst reflecting positively on and promoting Rutland to a wider audience.
“Wild Rutand would create a job opportunity in sectors such as land management, nature conservation, zoology and hospitality. Like many large visitor attractions across the UK this project has the potential to create a lasting impact on the tourism industry and local economy of Rutland.”
The pre-planning application was submitted in December 2023 and a full planning application is anticipated to be submitted to Rutland County Council in summer of 2024. This application will set out the nature park’s mission to improve the biodiversity of Burley Wood and the surrounding fields.
The team behind Wild Rutland intends that the vision should be shaped through genuine consultation and collaboration with all relevant local authorities, residents, neighbours, businesses, and environmental agencies.
Wild Rutland and Burley Estate CEO Hugh Vere Nicoll has a background in conservation of natural spaces. He said: “It is hoped that this style of collaborative approach will ensure that the final proposal delivers the maximum benefits to the local environment, landscape, community and economy.”
A public exhibition will be announced in early 2024 giving local communities the opportunity to see the plans for Wild Rutland and speak to members of the planning team and estate management team.