LATEST ARTICLES

Drinks company fined after employee loses finger

A drinks company has been fined £14,000 after a man’s finger was amputated after being caught in bottling machinery. Daniel Richardson, then 32, assisted a colleague who was encountering problems with a bottle capping machine at the plant in Wigston, Leicestershire on 17 January 2022. Mr Richardson, from Leicester, was able to reach into the machine and into the capper unit to remove the jammed part at which point the capper head descended onto his finger, amputating the tip. Attempts were made at Leicester Royal Infirmary to re-attach the tip of the finger – this proved unsuccessful, and it was subsequently necessary to amputate his finger between the first and second knuckle. An investigation by the Health and Safety Executive (HSE) found that Sourcing International Limited, trading as Drinks Chef, failed to properly guard against access to dangerous parts of machinery – in this instance fixed guarding had been removed and the machine was frequently used without it. Additionally, an interlock device which should function to isolate the power and stop the machine when protective doors / guards were opened elsewhere on the machine was inoperable and so access to moving parts of machinery was further possible. Sourcing International Limited t/a Drinks Chef, of Unit A1 Bowbridge Works, Chartwell Drive, Wigston, pleaded guilty to contravening a requirement of Regulation 11(1) of the Provision and Use of Work Equipment Regulations 1998. The company was fined £14,000 and ordered to pay costs of £4,175.79 at a hearing at Loughborough Magistrates Court on 24 April 2024. After the hearing, HSE inspector Rebecca Gibson said: “This tragic incident highlights the duty on employers to ensure machinery, and other work equipment, is safe for use. Suitable guards would render dangerous parts of machinery inaccessible during normal use and would have avoided this serious injury to Mr Richardson.” This prosecution was supported by HSE enforcement lawyer Sam Crockett.

Nottingham Business School joins world top 1% with ‘triple crown’ accreditation

Nottingham Business School (NBS) has joined the 1% of business schools in the world to hold triple accreditation for excellence after receiving a global mark of recognition for its MBA and Masters courses from the Association of MBAs (AMBA). 

NBS, part of Nottingham Trent University, already holds AACSB and EQUIS accreditation, two of the most important marks of quality in business education, and is now one of only 129 universities across the globe to have been awarded all three. 

Its latest accolade from AMBA demonstrates that NBS has met the highest standards in teaching, learning and curriculum design, career development and employability, and student, alumni and employer interaction.  

AMBA only accredits programmes from the top 2% of business schools in five continents and limits the number of institutions to 300.  

The assessment also led to Business Graduates Association (BGA) accreditation, which recognises positive impact, responsible management, and lifelong learning. 

An international expert panel visited NBS to examine its MBA, Executive MBA and new Global Executive MBA programmes, along with its MSc Finance course as an example of the School’s Masters offer.   

The assessors particularly noted the significant experience of the NBS faculty and its supportive working environment, as well as the School’s achievement of ‘consistently exceeding student expectations in the delivery of a very positive student experience’. 

The report also highlighted the quality of NBS’ new multimillion-pound Postgraduate Centre, which was purposely designed to accommodate its collaborative teaching style and includes a hub for MBA alumni. 

Executive Dean of Nottingham Business School, Professor Baback Yazdani, said: “Achieving triple crown accreditation is the highest benchmark of international excellence for business schools. It is not only further worldwide recognition for NBS as an institution, but also for our graduates who will be considered top talent by employers.  

“It also demonstrates the commitment of everyone within NBS to delivering innovative, personalised and effective leadership education to our students, so they become globally responsible citizens who can make a lasting and positive impact on the world.” 

Water efficiency funding launched for Midlands businesses

0
A project has been launched that will see 100 business sites across a large portion of the Midlands undergo free water efficiency audits and improvements. The partnership is between water retailer, Business Stream, and the water wholesaler for the region, Severn Trent, and is funded by the latter’s £566m Green Recovery Programme. Each site chosen as part of the pilot will receive up to £1,250 to cover the full cost of the audit and installation of water efficient devices including taps and showers. Major national and regional companies are signed up to the initiative, including Boots, Greggs, Lloyds Bank, Next and Network Rail – and Business Stream is now urging SMEs to come forward to benefit from the scheme. Tom Abel, Director of Sales at Business Stream, said: “We know that water can sometimes be overlooked in favour of other areas to improve business sustainability. And yet, by reducing water use businesses stand to save a significant amount of money as well as generate environmental savings. “By removing any upfront costs we have a great opportunity through this initiative to help businesses realise the benefits water efficiency can deliver. We’re delighted to be working in partnership with Severn Trent on this project and hope it will pave the way for similar initiatives across the country.” Kelsey Martin, Workstream Manager at Severn Trent, said: “The last few years have been tough on businesses, and we want to help. That’s why we’re offering free water audits and water saving solutions, alongside Business Stream. “The audits will be able to help detect and resolve issues that could be costing a business money – a leaky loo, for example, can waste up to 400 litres of water every day, meaning businesses can be wasting money on water that they’re not actually using, so we’re delighted to be able on hand to help through our Green Recovery.”

Businesses invited to have their say in new Gedling Business Support Network

Businesses local to Gedling or trading in and around Gedling are to be offered new support following the establishment of the new Gedling Business Support Network.

The new Network will be launched on Friday, 10 May at the Richard Herrod Centre in Carlton. It is being funded by Gedling Borough Council’s share of the UK Shared Prosperity Fund (UKSPF) and delivered by East Midlands Chamber.

Its aim is to enable local businesses to work together, learn new skills and stay up to date on relevant local, regional and national support.

As well as presentations from the Council and its partners on the fully funded business advice, training and consultancy on offer, the launch event will be highly interactive. Businesses will be invited to participate in practical exercises to share their challenges and to tell the stakeholders present exactly where they need the new Network to help.

Gedling Borough Council Portfolio Holder for Sustainable Growth and Economy Jenny Hollingsworth said: “I really look forward to meeting and hearing from local businesses and hope many, from in and around Gedling, are able to attend. “It is of particular relevance to businesses who want to grow Gedling’s reputation as a place to do business and explore opportunities to work with other local businesses.” East Midlands Chamber Deputy Chief Executive Diane Beresford said: “We’ve put together a series of interactive exercises to really drill down to what’s keeping Gedling businesses awake at night and how the Chamber and Council can address those issues, both through the Network and through support delivered through the Gedling Accelerator project and our routes into national programmes.”

Nottingham MedTech company raises £9.2m

0

Locate Bio, the Nottingham-based MedTech company, has successfully completed an oversubscribed £9.2 million funding round from both new investors and existing investors, Mercia Ventures and BGF. The proceeds will fund a clinical study of LDGraft, a bone graft substitute for spinal fusion.

This funding and the clinical trial known as RESTORE (A Randomized Study of LDGraft in Single Level Anterior Lumbar Interbody Fusion) marks a significant milestone in the company’s mission to relieve suffering and restore the quality of life for millions of patients suffering from debilitating orthopaedic conditions worldwide.

Locate Bio combines decades of research in advanced drug delivery systems and utilises a proprietary protein encapsulation method to deliver a powerful therapeutic protein called rhBMP-2. This is combined with an osteoconductive scaffold in LDGraft, which received a US Food and Drug Administration (FDA) breakthrough device designation in 2023.

CEO John von Benecke said: “This oversubscribed funding round underscores the significant investor confidence in the company’s vision and the potential of LDGraft to become the most relied-on bone graft substitute globally.”

“With the rapidly ageing global population, there is an urgent need for products that address chronic, progressive, and debilitating back pain,” added von Benecke. “With a design inspired by nature for a more biomimetic approach to the release of rhBMP-2, we are incredibly excited about the potential of LDGraft. The RESTORE clinical trial is an important step towards realising that ambition.”

Jonathan Earl, investor at BGF, said: “Locate Bio has demonstrated significant progress in its drive towards developing innovative solutions that address a wide range of musculoskeletal needs. Their approach represents a significant breakthrough in this field and we look forward to providing continued support for the business as it moves through clinical trials and towards regulatory approval.”

Alex Gwyther, investor at Mercia Ventures, said: “We have long believed in Locate Bio’s mission to develop next generation orthobiologics that can transform patients’ lives. We are pleased to see both the progress in the technology and the world-class team that the company has brought together.”

Frasers Group to commence new share buyback programme

0

Shirebrook-based Frasers Group is set to commence a new share buyback programme with Jefferies International Limited. 

The aggregate purchase price of all shares acquired will be no greater than £80m.

The maximum number of shares that may be purchased will be 10,000,000 ordinary shares.

The purpose of the programme is to reduce the share capital of the company.

The shares repurchased by the company will be held in treasury pending cancellation or re-issue.

Yorkshire law firm acquired by Castle Donnington counterpart

0
A Yorkshire law firm has been acquired by a Castle Donnington-based counterpart, creating a 60 plus-strong workforce and paving the way for future expansion. WLR Law has purchased commercial, media, and sports law expert Front Row Legal (FRL) for an undisclosed fee. Claire Dibb, WLR group CFO – who has worked with several legal firms in Yorkshire and across the UK, providing commercial financial management & CFO leadership to both SME & corporate clients – will be part of the Board of Directors, to help drive future growth. Richard Cramer, FRL Managing Director, says: “This seamless integration of our expertise and resources is a remarkable opportunity to elevate our client offerings and tap into WLR Law’s vast resources. “I’m thrilled to embark on this journey which will set new benchmarks for legal services in our focused sectors – further refining our approach to meet the evolving needs of our clients with even greater precision and care.” Richard adds: “The new combined workforce will be around 60 – greatly enhancing the scope of services we can offer. We’re always looking to recruit quality professionals, and I’m confident this acquisition is just the start of an ongoing expansion plan to create additional jobs in the coming years.” Martin Collins, WLR Law principal MD and board director, says: “This merger is a celebration of shared values and our unwavering commitment to client success. Together we’re perfectly poised to drive further innovation in the way legal advice is delivered, improving the impact and accessibility for our clients.”

Leicestershire businesses offered Government funded training

Small and medium-sized businesses in Leicestershire are being offered a time-limited opportunity to take one of the remaining places in a fully funded government training scheme for business owners.

Help to Grow: Management is a government scheme delivered via Small Business Charter accredited business schools. The programme is designed to empower businesses to innovate, increase profits, develop staff and improve leadership and management skills.

Limited places are available for the next intake delivered by De Montfort University’s Leicester Castle Business School (LCBS), which will take place over 13 weeks, beginning with an introductory session on June 11th.

The course is delivered by expert tutors with real world business expertise and is designed to fit in alongside full-time work. The next programme will be delivered entirely online to offer ultimate convenience for time-pressed business owners located throughout the whole of Leicestershire.

The programme, worth £7,500, is 90% funded by the government and 10% through a bursary from Leicester Castle Business School, which has been successfully delivering Help to Grow: Management since 2020.

In addition to the weekly 2-hour online sessions, creating a bespoke Growth Action Plan in partnership with a one-to-one mentor is an important aspect of the programme.

Weekly peer-to-peer support sessions also offer a valuable opportunity for business leaders in various sectors and at different stages to support each other through sharing experiences and offering support.

Areas covered in the programme include developing a growth plan, leading innovation in business, team management and motivation, building resilience as a leader, creating new opportunities and fostering a culture of responsible business practice.

“We’re delighted to be offering places for our 11th Help to Grow: Management course, which due to demand will be immediately followed by our 12th intake on September 2nd,” says LCBS’s Help to Grow: Management programme director, Dr Danny Buckley.

“Over the past four years we’ve helped over 200 fantastic SMEs from our area develop the skills they need to take their business to the next level. We look forward to more of the same on our upcoming course, which will be an option for more business owners than ever thanks to being delivered fully online with no valuable time taken up by commuting.

“As always, places are filling up fast, so we would urge anyone interested to act now to secure their place.”

This fully funded opportunity to grow and scale up their business is open to any professional with decision-making responsibilities and at least one direct report in a UK-based business which has been established for at least a year and employs between 5 and 249 staff.

2023 participant Megan Murray, partner in Market Harborough-based Duncan Murray wines, says: “The main benefit is having a chance to work on the business rather than in the business. We found the introduction to new models, frameworks and ways of thinking very beneficial.

“In particular, the business planning model was a very strategic tool to help us really sit back and take the time to evaluate every aspect of the business. It was a great opportunity to do some proper planning which can be difficult amidst the day-to-day running of a business.”

Across the UK, 90% of participants reported improved leadership and management of their organisation after six months, with 80% stating employee engagement had improved in the same period after attending Help to Grow: Management.

On completion of the course, members have access to various alumni events, and many continue to benefit from the valuable peer network they establish as a member of the programme.

“We found the peer support really valuable,” adds Megan Murray. “Even though we were quite a disparate group, it was so helpful to get together with people who are all facing the same kinds of challenges. There really is a ‘greater than the sum of your parts’ kind of thing that comes out of this sort of collaboration.”

New network launched in Leicester to support Asian founded businesses

A new network designed to support Asian founded businesses to scale up and innovate is set to inspire businesses around the country after launching in Leicester. The Asian Founders Community Meet will see hundreds of businesses attend events held around the country from Scotland to Southampton, run in partnership between Barclays Eagle Labs and De Montfort University Leicester (DMU). And it all began last week as entrepreneurs, business owners, mentors and funders came together for the launch event at Winstanley House in Braunstone. The Asian Founders Community Meet was devised by Eagle Labs ecosystem manager Poonam Sharma and Nimesh Kanani, city leader for Barclays Leicester to offer targeted support and networking opportunities for businesses owned by or founded by Asian entrepreneurs. Poonam said: “I’m extremely proud to launch the Asian Founders Community Meet with Nimesh Kanani in Leicester before heading to eight other cities across the UK. “Supporting and empowering Asian entrepreneurs is vitally important and for Barclays Eagle Labs to launch the initiative here in Leicester, a city which boasts so many successful Asian businesses, is very exciting indeed.” Helen Donnellan, director of Research Business and Innovation at DMU, said the university was proud to be a partner of the Asian Founders programme. She said: “At DMU, we believe that diversity inspires innovation. “Different approaches are taken, different ideas shared and exciting things happen when you empower people to succeed. That is why Asian Founders Community Meet is so important in showcasing and connecting founders and creating opportunity for everyone.” A fireside chat saw Chandila Fernando of Innovate UKRI, Jaz Kaur of Fraser Stretton Property Group, Shahid Sheikh OBE of Clifton Packaging Group, and designer Jay Gill, founder of Jheez Clothing, share their stories and experiences of starting and running successful businesses and pitching to investors. Taruna Mistry of CIC Leicester Community Links said: “Events like this are really important – hearing other people’s stories gives you ideas and I have already made connections tonight that will help my business.” Keynote speaker Anuj Ashar, a 22-year-old entrepreneur who has already had more than five businesses, said: “I am such a supporter of Asian Founders programme and to hear events will be held around the country is brilliant. It’s so important to come together as a community and supporting each other through sharing our expertise or our contacts or our skills to help each other.” DMU’s Innovation Centre, home to the only Eagle Lab in the East Midlands, hosted the first event last year when the idea was trialled with three events.

Strategic senior hire expands Freeths’ corporate practice in the East Midlands

Law firm Freeths has appointed corporate partner Martin Smith to further grow and develop the practice across the East Midlands. He joins from Knights Plc. Renowned in the market, Martin has over 25 years’ experience advising high profile clients both nationally and internationally on all aspects of M&A across a variety of sectors. He regularly works on high value private and public equity transactions, fund raisings and restructurings. In this new role at Freeths, Martin will work alongside partner and head of corporate Leon Arnold and corporate partner John Heaphy to establish a presence for the practice within the region, expanding on the firm’s national capabilities. Commenting on the appointment, Leon Arnold, said: “This is a real notable hire for our team as we look to match the firm’s strength in strategically growing its offerings across the UK. With an illustrious history in the corporate finance industry, Martin’s capabilities will help provide a solid grounding in the East Midlands market.” Martin’s appointment is the first of several significant senior hires in the East Midlands corporate team for Freeths over the next six months. Martin Smith added: “This new role will give me the opportunity to utilise my experience in helping Freeths really embed and expand its corporate practice in such a thriving region. “With a shared vision on expanding this offering for clients across all sectors and a strategic commitment to the East Midlands, I’m incredibly eager to hit the ground running at such a prominent national firm.”