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Infrastructure investment company sells part of Angel Trains stake
International Public Partnerships, the listed infrastructure investment company, has agreed to sell a minority part of its investment in Angel Trains to a vehicle managed by Arjun Infrastructure Partners.
The transaction, expected to complete in the coming weeks, will realise £32m in exchange for a 1.6% stake in Angel Trains, which is based in Derby and London.
International Public Partnerships will retain an 8.4% stake in Angel Trains, a rolling stock leasing company with an asset base of over 4,000 vehicles.
International Public Partnerships initially invested in Angel Trains in 2008 and has made follow-on investments in subsequent years.
The proceeds will support the company’s share buyback programme together with its future investment commitments, such as the recently announced £250m commitment to Sizewell C.
Mike Gerrard, chair of International Public Partnerships, said: “The Company remains focused on optimising its portfolio while supporting both capital returns and attractive reinvestment opportunities.
“This announcement reflects INPP’s strategy of delivering against its stated targets – demonstrated by the Company’s recent announcements, including the successful completion of its recent UK Education PPP transaction, realising £49 million, and selection as preferred bidder for Sizewell C.“
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New rail innovation centre drives growth in Staveley
The construction of the Derbyshire Rail Industry Innovation Vehicle (DRIIVe) centre is progressing rapidly at Barrow Hill, set to become a hub for rail innovation and training.
Located next to the iconic Barrow Hill Roundhouse, the project is a crucial part of the Staveley Town Deal and aims to provide a variety of facilities, including classroom spaces, research and development areas, a digital lab, and commercial workshops.
The steel frame is now in place, marking a key milestone, with the external cladding set to follow. The centre will focus on rail sector training, offering education ranging from level two through to postgraduate research. It will also support specialist rail-related businesses, providing them access to cutting-edge research and technology.
Funded by the Staveley Town Deal, Chesterfield Borough Council, the East Midlands Combined County Authority, and the UK Shared Prosperity Fund, the project is being developed by Stepnell, with ongoing efforts to engage the local community through employment opportunities and local spending.
Once operational, DRIIVe will not only provide essential skills training to local workers but also play a pivotal role in attracting new businesses, particularly in advanced manufacturing and clean technology. This aligns with the broader ambitions of the Hartington-Staveley East Midlands Investment Zone, which aims to foster growth in innovative sectors.
Councillor Tricia Gilby, leader of Chesterfield Borough Council and vice chair of the Staveley Town Deal Board, said: “It is fantastic to see this project coming together so quickly. DRIIVe will help grow our local economy by providing local people with the skills they need to access great careers in the rail sector and will help cement our borough’s position in the sector by attracting new businesses to the area. “Not only is it a key part of the Staveley Town Deal programme but it is a key development that will support the nearby Hartington-Staveley East Midlands Investment Zone site – providing crucial facilities that will drive growth in new sectors and benefit future generations.” Tom Sewell, regional director at Stepnell, said: “Following the completion of the foundations for the DRIIVe project, we’re progressing on schedule with the steel frame now taking shape – a key milestone as the centre begins to come to life. “As we move toward the installation of external cladding, we’re actively engaging with the community to ensure alignment with the ambitions of the Staveley Town Deal and Chesterfield Borough Council. We’re committed to delivering meaningful opportunities for local people throughout the build, through targeted local spend and support for employability.”From crickets to clicks: the multimedia press release advantage – by Greg Simpson, founder of Press For Attention PR
Mansfield businesses and communities benefit from Shared Prosperity Fund
The UK Shared Prosperity Fund (UKSPF) has provided a significant boost to businesses and communities in Mansfield, supporting local development and regeneration. A recent evaluation of the district’s 2022-25 UKSPF programme revealed that over 7,000 individuals were engaged in community activities, and 98 businesses, including 17 start-ups, received funding.
The £2.96 million scheme, which concluded in March, has resulted in the creation of 28 new jobs, and the East Midlands Combined County Authority has allocated an additional £1.5 million for ongoing community regeneration and business support efforts.
The programme, aligned with Mansfield District Council’s “Making Mansfield: Towards 2030” strategy, focused on three key priorities: community development, business support, and skills enhancement. It exceeded its targets for employment and health-related support, delivering 343% more job placements and 370% more health-related employment assistance than initially projected.
Several local projects, such as Switch Up Mansfield and Volunteer It Yourself, have contributed to regeneration, providing essential services to vulnerable groups and fostering community pride.
Despite its success, the evaluation raised concerns about the short-term nature of the funding, recommending more sustainable, long-term solutions for business and skills support.
Mansfield’s future growth will continue to benefit from these strategic investments, strengthening the region’s workforce and business landscape.