East Midlands industrial landmark ready to welcome back manufacturing
Dains relocates Nottingham office to support East Midlands growth
Dains Accountants is moving its Nottingham office to Cubo, Standard Court, starting 1 April 2025. The move follows the end of its lease at Butt Dyke House and aligns with the firm’s strategy to expand its presence in the East Midlands.
The new location, part of a redevelopment of the former Nottingham General Hospital site, offers modern office space to support collaboration and flexibility. It also provides improved transport links and energy-efficient facilities, reinforcing the firm’s sustainability efforts.
Colin Peacock, Partner at Dains Nottingham, said the move reflects the firm’s commitment to growth and creating a high-quality environment for employees and clients. The new office will host client meetings, workshops, and networking events, strengthening engagement with local businesses.
Dains, established in 1926, advises private companies, SMEs, and entrepreneurs. The Nottingham relocation is part of its broader effort to invest in workspaces that attract top talent and support evolving client needs.
Council plans land purchase to support new food waste collection service
Derby City Council is considering purchasing a 7.5-acre brownfield site on Stores Road to accommodate infrastructure for a new weekly food waste collection service, set to launch in April 2026. The land will house a Highways Hub, freeing up space at the existing depot, which is already operating at capacity. The purchase is part of the Stores Road Depot Scheme under the Council’s Capital Programme.
Under new ‘Simpler Recycling’ regulations, local authorities must introduce separate weekly food waste collections. Derby currently provides fortnightly collections mixed with garden waste. To meet the new requirements, £1.6 million in capital funding from Defra will support the purchase of 14 collection vehicles, food waste caddies, and staff. An additional £500,000 in revenue funding will be provided in March 2025 to assist with public awareness efforts.
The new service aims to improve waste management efficiency, reduce disposal costs, and increase recycling rates. Food waste collected in caddies will be processed separately rather than sent to landfills. As the council develops the service, businesses involved in waste management, transport, and infrastructure may see contract opportunities.
Travis Perkins reports £77m loss, plans strategic overhaul
Travis Perkins has posted a £77m pre-tax loss for the year ending December 2024, reflecting tough market conditions and declining demand. Revenue fell by 4.7% due to weaker performance in its Merchanting division, as the construction sector struggled with high inflation, interest rate hikes, and reduced consumer confidence.
In response to these challenges, CEO Pete Redfern stepped down in March 2025 due to health issues, with chair Geoff Drabble taking over leadership on an interim basis. Drabble highlighted the urgent need for the company to refocus its operations, particularly in customer engagement and supplier relationships, to regain trust and better align with market demands.
Despite the ongoing challenges, Drabble is optimistic about the future. With the right leadership and a clear customer-centric strategy, Travis Perkins is well-positioned to capitalise on a potential recovery in the construction sector. The company will focus on efficient capital use, strengthening its core advantages, and re-engaging with the workforce to meet future demand.
Rula Developments acquires 39-acre site in Bingham for new business park
Rula Developments has secured a 39-acre site in Bingham, located 8 miles east of Nottingham, from The Crown Estate to create a new business park, Bingham 46. The site has outline consent for employment uses, with plans to offer a mix of trade counters, offices, manufacturing, warehousing, general industrial, and roadside facilities.
The park will provide over 500,000 sq ft of space, with units ranging from 10,000 sq ft to 350,000 sq ft, subject to planning approval. The development will feature low site density and exceed current biodiversity net gain standards, aiming for a 15% increase. Sustainable design features include photovoltaic panels, air-source heat pumps, and energy-efficient lighting. The project will also target an A-rated EPC and BREEAM Excellent certification.
Strategically located near the A46 dual carriageway, the site benefits from strong transport links to Nottingham, Newark, Grantham, and Leicester and regular bus and train services. The masterplan includes pedestrian and cycle linkages and connections to the adjacent housing development, offering access to the town centre’s amenities.
Rula Developments is working closely with The Crown Estate on the scheme and will submit a reserved matters application soon. The development aims to attract both local and regional businesses by offering high-quality facilities and access to a skilled workforce.
Savills and M1 Agency are handling the forward letting and sale of the development, which is expected to provide significant local employment opportunities.
New horizon takes shape on Grimsby’s skyline
Underfunded waterways pose business risks for UK industries
A recent protest across Lincolnshire, involving a flotilla of canal boats and cruisers, highlights growing concerns over the lack of government funding for the UK’s inland waterways, posing a potential business risk for industries reliant on them. The protest, organised by Fund Britain’s Waterways (FBW), draws attention to the urgent need for increased investment in maintaining the nation’s canals and rivers, contributing significantly to the UK economy.
Waterways generate £2.5 billion annually through water-based tourism, while also offering vital social, health, and environmental benefits. However, the FBW, a coalition of groups representing hundreds of thousands of users, warns that rising maintenance costs and climate change challenges threaten to undermine the sector’s sustainability.
For businesses that depend on waterways for logistics, tourism, and recreation, the risk of reduced government funding could result in deteriorating infrastructure and diminished operational capacity. While the Canals and Rivers Trust currently receives £740 million in government grants through 2027, future funding remains uncertain, with reduced support expected beyond that period.
500,000 sq ft logistics and manufacturing site completes in Derby
Greencore’s mission to acquire Bakkavor takes step forward with agreement in principle for £1.2bn deal
Convenience foods manufacturer Greencore’s mission to acquire Bakkavor, the manufacturer of fresh prepared food, has taken a key step forward, with the businesses reaching an agreement in principle on the key financial terms of a possible cash and share offer.
The £1.2 billion deal bringing the companies together would create a leading UK convenience food business with a combined revenue of £4 billion.
Under the terms of the offer, Bakkavor shareholders would be entitled to receive 85 pence in cash for each Bakkavor share and 0.604 Greencore shares.
Greencore shareholders would own approximately 56% and Bakkavor shareholders would own approximately 44% of the combined group.
Following the rejection of previous bids from Greencore, which has its UK head office in Worksop, the board of Bakkavor has now indicated that the key financial terms represent a value it would be minded unanimously to recommend to Bakkavor shareholders.