UK economy slumps for second month

The UK economy shrunk again in May, against expectations of growth. According to new figures from the Office for National Statistics (ONS), GDP (gross domestic product), a key measure of economy growth, is estimated to have fallen by 0.1% month-on-month in May, following a 0.3% drop in April, versus market expectations of 0.1% growth. It reflects, across key sectors, services output growing by 0.1% month-on-month, construction output declining 0.6% month-on-month, and production output falling 0.9% month-on-month. Ben Jones, CBI lead economist, said: “Flatlining growth in May highlights the ongoing pressures facing the UK economy, with manufacturing and retail struggling, alongside a patchy performance across other parts of the services sector. “Today’s data suggests that a sluggish recovery remains the likeliest path in the near-term amid persistent trade uncertainty, a loosening labour market and slowing growth in real incomes. And with business costs rising, many firms are maintaining a cautious approach to investment. “With growing fiscal challenges and the Autumn Budget on the horizon, the Chancellor must provide clear reassurance—no new taxes on business and instead offer a commitment to work alongside firms to dismantle barriers to growth. An open and collaborative partnership between business and government is crucial to deliver the conditions for sustained economic growth.”

“I encourage organisations across Nottinghamshire and the wider East Midlands to enter the Bricks Awards and showcase the incredible work happening here,” says Marketing Nottingham & Nottinghamshire Chief Executive

As the East Midlands Bricks Awards 2025 draws nearer, and with nominations set to close in just five weeks, Marketing Nottingham & Nottinghamshire is encouraging entries. Megan Powell Vreeswijk, Chief Executive of Marketing Nottingham & Nottinghamshire, said: “For 10 years, the East Midlands Bricks Awards has helped to champion businesses that define our region through innovation, ambition, and resilience in the built environment sector. “These businesses help to shape our communities and drive economic growth across Nottingham & Nottinghamshire. I encourage organisations across Nottinghamshire and the wider East Midlands to enter the Bricks Awards and showcase the incredible work happening here – let’s put our region firmly on the map.” A key event in the business calendar, highlighting the exceptional work of the region’s property and construction industry, the 10th annual East Midlands Bricks Awards will take place on Thursday 2nd October, at the famous Trent Bridge Cricket Ground (4:30pm – 7:30pm). Revealing the winners in a glittering awards ceremony, the evening also offers time to establish new connections with property and construction professionals from across the region, and hear from keynote speaker Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands. Nominations for the prestigious event are open, and now is the ideal time to make your submissions, ahead of the deadline – Friday 15th August. Take this opportunity to showcase your successes, recognise your team’s efforts, bolster morale, and reach our audience of over 60,000 business readers. It’s completely free to enter and making the top three finalists in your category also wins you free tickets to the awards ceremony and networking event.

To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.

Categories include: All finalists will have the chance to take home the Overall Winner award, which this year comes with a grand prize of a year of marketing/publicity worth £20,000, with the opportunity to split or gift the marketing to a charity of your choice. Tickets can now be booked for the 2025 awards event, click here to secure yours. Taking place in the Derek Randall Suite at the Trent Bridge Cricket Ground on Thursday 2nd October, from 4:30pm – 7:30pm, connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region.

The East Midlands Bricks Awards 2025

What: The East Midlands Bricks Awards 2025 When: Thursday 2nd October (4.30pm – 7.30pm) Where: Derek Randall Suite, Trent Bridge Cricket Ground, Nottingham Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands Tickets: Available here Dress code: Standard business attire Thanks to our sponsors:                                                                                          

To be held at:

Time Out: Rebecca Aldridge, managing director, Balance: Wealth Planning

It’s Friday, and the weekend is just around the corner. That means it is time to kick up your feet and relax with some quick fire questions. This ‘Time Out’ features Rebecca Aldridge, managing director at Nottingham financial planning firm Balance: Wealth Planning, who is a secret sourdough bread expert. What is the first thing you do to get the weekend started? Doing something fun on a Friday night is a must – it always makes the weekend seem longer. I quite often have tickets on a Friday to see something at Nottingham Playhouse or Broadway cinema. What is your hobby? Going to the theatre, seeing live music, dance, and that sort of thing. I love a show. What is your favourite movie? Tricky to have an all time favourite, but recent favourites have been Anora and Parasite, both so fierce, funny and well observed. If you hadn’t been successful at what you do, what would you be doing instead as a career? My aim at school was to be a theatre director but that’s a difficult career path. I’d probably have been a project manager of some sort – I love spreadsheets and systems. If you could have any superpower, what would it be? I’d freeze time around me, so I could have more time to get things done or enjoy fun experiences. But I’d definitely also want a cool superhero costume with a staff I could wave about like Zeus or Thor to make time to do my bidding. What is your secret talent? I can make great sourdough bread. What is your favourite genre of music? I love indie bands with fierce, slightly angry female lead singers. Wet Leg are amazing, and Amyl and the Sniffers too. If you could travel to any moment in time, where would you go?  Time travel’s overrated. Look at Dr Who and the burdens he/she has to bear. I’ll stay right here.

Clark Architectural Services

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Clark Architectural Services, established in 1989, is a family-run practice based in Nottinghamshire specialising in residential new builds, alterations, and extensions. They provide architectural and design services across a variety of residential and commercial projects, with a focus on functional design and sustainability. At the heart of the practice is a commitment to sustainable architecture as a guiding principle, shaping every stage of their projects. As a small, dedicated team, they offer a level of personal investment and client connection that ensures responsive, tailored solutions. Delivering thoughtful, practical designs that merge client vision with functionality to create lasting, meaningful spaces. Their excellence has been recognised recently with the BUILD Construction & Engineering Awards: Best Family-Run Home Designer 2025 – East Midlands and Client Service Excellence Award 2025. To learn more about Clark Architectural Services please visit: www.clarkarchitectural.co.uk  

Svella Plc makes first investment into Emeg Group to boost growth

Svella Plc has confirmed the completion of the first stage of its investment in Emeg Group Limited, a Chesterfield-based provider of rail depot and facilities solutions, as well as M&E engineering services. The acquisition strengthens Emeg’s operations and aligns with Svella’s strategy to drive sustainable growth through collaboration and long-term planning.

Emeg, which has been in business since 1997, will benefit from Avidrail’s extensive expertise in the rail sector, including civil engineering, infrastructure, and groundworks. This collaboration aims to expand Emeg’s capabilities, enabling the company to offer a full, in-house turnkey solution for rail projects. With this enhanced offering, Emeg is positioned to secure and deliver a broader range of projects while tapping into new commercial and revenue opportunities.

Svella, known for its successful track record in business development and operational improvement, plans to provide essential working capital to Emeg for growth, asset acquisition, and workforce expansion. The investment also strengthens Emeg’s presence across the north of England, Southern Scotland, and the Midlands.

Svella’s involvement is expected to unlock significant growth potential for Emeg, reinforcing its reputation and ability to deliver quality services while ensuring continued innovation and collaboration with key supply chain partners.

New £400m initiative to boost diversity in UK venture capital

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The British Business Bank has unveiled a £400m programme to address diversity challenges in the UK’s venture capital sector.

Set to launch in 2026, the Investor Pathways Capital initiative will target underrepresented fund managers, aiming to break down traditional investment barriers. The programme will focus on providing opportunities for diverse fund managers to establish themselves, with at least half of the funding earmarked for female fund managers.

Current research highlights the limited access that female founders have to venture capital, with only 2p of every £1 invested in the sector going to businesses led by women. In response, the initiative plans to channel investments into emerging microfunds and partners who can help build diverse investor track records.

In addition to the new programme, the British Business Bank will invest an extra £50m into female-led funds, increasing its total commitment to £100m. This move aims to address the persistent funding gap for diverse founders, which hampers their ability to scale businesses and limits overall market growth.

Google partners with UK government to modernise public sector tech

The UK government has struck a partnership with Google to provide free technology solutions for various public sector services, including the NHS and local councils. The deal aims to phase out outdated technology across government systems, with a focus on upgrading to cloud-based platforms that are more secure and efficient.

Under this agreement, Google will invest significant resources into public sector infrastructure without requiring any direct financial payment from the government. Importantly, the deal ensures that public sector data will remain protected, with no access granted to Google.

The initiative is designed to improve access to public service information while cutting costs, potentially saving up to £45 billion in taxpayer money. The shift to cloud systems is also expected to reduce vulnerabilities to cyberattacks and system outages, which have become an increasing concern for public sector operations.

The UK Government is encouraging other tech companies to step forward with proposals, aiming to create more effective and cost-efficient technology solutions across sectors, from healthcare to local services.

£150,000 cyber programme to protect East Midlands businesses

A £150,000 support programme is launching to help East Midlands businesses – particularly those in manufacturing, logistics, and professional services – strengthen their defences against cybercrime. Led by Dr Ismini Vasileiou, associate professor at De Montfort University Leicester (DMU) and founder and director of the East Midlands Cyber Security Cluster, it offers practical, hands-on support to businesses that want to improve how they manage cyber risk, train staff, and future-proof their operations. The project will be delivered in collaboration with 1284 Communications and Bulb Studios. Funded through the Government’s Cyber Local scheme, this project takes a hands-on approach to tackling one of the region’s biggest economic challenges: how to make cyber resilience not just the responsibility of IT departments, but a core part of how organisations think, operate and grow. It was one of just 20 projects funded across England, selected from more than 110 applications. Dr Vasileiou said: “The programme is designed to meet businesses where they are. It’s aimed particularly at small and medium-sized enterprises (SMEs) that do not have dedicated cyber security expertise in-house or rely on the same trusted person to ‘do the IT’. “The reality is that cyber threats have changed. Ransomware, phishing scams and data breaches are constantly looking for weaknesses. Whether you’ve got a full IT team or just someone who’s always ‘looked after the computers,’ now’s the time to think differently. “It’s about building confidence and capability. Our mission is to make cyber resilience as second nature as health and safety. “As a region powering the UK’s manufacturing, logistics, and professional sectors, the East Midlands urgently needs practical, localised cyber support to protect its businesses and sustain economic growth. This project turns national ambition into local action – equipping East Midlands businesses with the tools to become resilient, confident, and digitally secure.” The pilot will directly support 30 businesses to embed cyber resilience at every level – from boardrooms to shop floors. This will include:
  • 15 businesses which will take part in a structured programme to build organisational cyber resilience, focusing on governance and strategy
  • 10 businesses who will be supported to develop internal cyber workforce plans, identifying and reskilling existing staff into cyber roles
  • 5 businesses who will host academic placements from DMU to trial research-led cyber innovations
Alongside this, a sustained outreach campaign will target traditionally underrepresented organisations, ensuring the benefits of the project are widely felt and not just confined to those already engaged in the cyber sector.

DHL invests £550m in Derby facility and automation upgrades

DHL Supply Chain is set to invest £550m to launch a new health logistics centre in Derby and further advance automation within its UK and Ireland operations. This move supports rising demand in e-commerce and healthcare logistics. The company has already allocated £860m to automation over the past three years, with over 3,200 digitalisation projects implemented across the region.

This investment forms part of DHL’s larger strategy to scale its UK and global operations by 2030, with robotics and digital technologies at its core, driving growth. The expansion is driven by increased demand for efficient and sophisticated logistics solutions, particularly in high-growth sectors like e-commerce and life sciences.

DHL plans to integrate cutting-edge robotics, including the deployment of 750 Assisted Picking Robots and the introduction of Boston Dynamics Stretch Robots for container unloading. These innovations aim to boost productivity, reduce physical strain, and improve return on investment for customers.

The new Derby facility will support the rapidly expanding life sciences and healthcare sectors, which are expected to see double-digit growth in the UK in the next five years. It will feature cold chain and cleanroom capabilities, integral to DHL’s broader health logistics network. This investment solidifies the UK’s role as a key logistics hub within DHL’s global strategy.

Regeneration project in Northampton delayed by power grid issues

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A major regeneration project in Northampton has been delayed due to power grid limitations, pushing back its start date to winter. The development, known as Four Waterside, was initially set to begin this summer. The project, a collaboration between West Northamptonshire Council and Cityheart, will include a mix of residential homes, a hotel, and commercial spaces. It aims to support the wider regeneration of the town centre.

The delay is attributed to local electricity grid constraints. Despite ongoing preparations for the project, the grid’s current capacity cannot meet the demands of the development. Discussions are underway with National Grid to find short-term solutions while long-term capacity improvements are planned.

National Grid has committed to investing £15 million to enhance the local network, with a £7.5 billion investment across its UK distribution network from 2023 to 2028. The Four Waterside site, located near the River Nene, has been in the pipeline since 2016. Initially set for completion in 2017, the project was delayed after negotiations with a previous contractor stalled, leading to a new partnership with Cityheart in March 2025.