Student housing portfolio relisted at £30M after price reduction

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Beachrock has significantly lowered the asking price for a purpose-built student accommodation (PBSA) portfolio, now seeking £30 million after initially marketing the properties at £90 million. The portfolio comprises over 1,000 student beds across Coventry, Nottingham, and Sheffield.

The assets are spread across Coventry, Nottingham, and Sheffield. Initially part of the offering, a Cambridge property is no longer included. The remaining properties, which vary in size and price per bed, are available for purchase individually or as a group, with offers due by March 20.

The portfolio is now priced at £26,300 per bedroom, aligning with previous market interest. Beachrock stated that the new price reflects previous interest in the portfolio, aligning with market valuations.

M54-M6 Link road upgrade could reduce congestion and improve freight movement

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According to a new analysis from Midlands Connect, a proposed road link between the M54 and M6 in Staffordshire could significantly cut congestion and improve freight movement. The project, which would connect Junction 1 of the M54 to Junction 11 of the M6, is expected to divert thousands of vehicles off local roads and onto a more efficient motorway route.

The A460 carries around 20,000 vehicles daily, with freight accounting for 28% of the traffic. If the link road is completed, traffic on the A460 could drop to just 4,000 vehicles per day, reducing congestion and improving journey times. The most significant delays occur between the Laney Green Interchange and the A460/M6 Toll junction, where peak-hour speeds are well below the national average.

Supporters of the project highlight the environmental benefits of diverting freight from residential areas and the potential for improved transport efficiency. The government approved the link road in 2022, but with the Department for Transport currently reviewing its spending priorities, no timeline has been confirmed for its construction.

Staffordshire County Council has backed the project, citing its potential to enhance connectivity, reduce emissions, and support long-term regional investment.

Capital thinking – OTB Legal adds expertise

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The Nottingham-headquartered UK immigration law firm, OTB Legal, has bolstered its personal immigration team with the addition of Natasha Mitter to the growing team at its new London office. Fluent in English, Punjabi and Hindi, Natasha began her legal career by obtaining a Law Degree (LLB) from City, University of London, followed by completing the Legal Practice Course (LPC) at BPP Law School, London in 2019. Now, with over 5 years of Immigration experience providing her clients with the support they need to navigate the complexities of the UK Immigration system, Natasha joins OTB Legal at an exciting time for the growing firm, which opened its London address in the summer of 2024. Describing the London launch last year, Director Sally McEwen noted that: “…as a global hub, (London) presents an incredible opportunity to extend our expert legal services to a wider audience at a time when the demand for top-tier immigration and business law advice is soaring.” Sally adds: “This move, along with the recruitment of high calibre experts like Natasha enables us to provide even more responsive, innovative, and client-focused solutions, meeting the needs of our clients in this dynamic and fast-paced environment.” Offering expert legal advice and support from sponsor licences and skilled worker Visas to spouse Visas and citizenship, OTB Legal has grown consistently from its Chase Park headquarters just outside Nottingham. The firm also opened offices in Manchester in 2024, and now has a team of 22 with the addition of Natasha. Commenting on her new role, Natasha said: “I am excited to be joining OTB Legal’s growing team here in London. The firm is making waves in the sector and is a fresh voice and brand in the industry. “I look forward to bringing my expertise to a wide range of Immigration applications and providing our clients with the support they need to navigate the complexities of the UK Immigration system.”

Housing and business development approved near Chesterfield supermarket

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Plans for new housing and commercial units in the Goytside area of Chesterfield have received conditional approval.

The development includes five three-bedroom houses on the corner of Factory Street and Goytside Road. Each home will feature brick construction, grey roofing tiles, front and rear gardens, and two parking spaces. The site is next to a Lidl supermarket, with existing residential properties to the east and former industrial land to the south and west.

In addition, five business units will be built on Goytside Road near a power substation. Each unit will have dedicated parking. The approved plans aim to bring both residential and commercial growth to the area.

Funding uncertainty looms over £200 million North Hykeham Relief Road

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Lincolnshire County Council is still waiting for confirmation on government funding for the £200 million North Hykeham Relief Road, which would complete the ring road around Lincoln. Despite previous commitments, uncertainty has grown following a review of capital spending ordered by the new Labour government.

The previous Conservative administration had pledged £110 million toward the project, which is expected to cost around £190 million. If that funding is withdrawn, council leaders warn the project may not move forward unless alternative sources can be secured.

While the Department for Transport has not officially halted funding, the council must submit a final business case before the government releases funds. That approval is expected in autumn, but the outcome remains uncertain.

Work is still progressing, with archaeological surveys, site clearance, and utility diversions planned for later this year, followed by major construction in early 2026. However, concerns remain that without government support, the relief road could be at risk of cancellation.

Local officials continue to push for clarity, emphasising the road’s importance in reducing congestion and improving transport links in the region.

Apprenticeships more feasible for East Midlands firms says Chamber

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Shorter minimum terms and the removal of English and Maths requirements to pass apprenticeships have been welcomed by East Midlands Chamber. Under new government measures, over 19’s will no longer need a level 2 English and Maths qualification – equivalent to a GCSE – to pass an apprenticeship and businesses will decide whether they require it. The minimum duration of an apprenticeship will drop from 12 to 8 months in August. East Midlands Chamber Director of Resources Lucy Robinson said: “Removing barriers, like cutting 4 months from what was a 12-month commitment for apprenticeships and removing the qualifications the recruit needs to pass will make apprenticeships a viable option to more East Midlands businesses and that’s something we’ve been calling for. “Letting employers have flexibility in deciding whether level 2 English and Maths qualifications are needed for the apprentice to pass makes good sense as the needs of businesses differ. “When 7 out of 10 East Midlands businesses have been struggling to find the right candidates to fill roles and 20% are planning to pull back on training investment, according to our Quarterly Economic Survey, apprenticeships are a worthwhile consideration for firms looking to hire. “Apprenticeships can be a win-win for both employers and recruits. Candidates are getting a great career kickstart in a professional environment, while the workplace gets someone enthusiastic and hungry to learn. With National Apprenticeship Week underway and the skills gap an ongoing challenge, now’s a good time for businesses to explore this avenue.”

Iconic property in Nottingham’s Old Market Square acquired

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SNGgroup has acquired a landmark property in the heart of Nottingham’s historic Old Market Square. The newly acquired commercial property, located on King Street, strengthens SNGgroup’s growing investment portfolio. Richard Singh, Managing Director of SNGgroup, said: “We are thrilled to add King Street to our expanding portfolio. This acquisition reaffirms our commitment to investing in prime locations that offer both commercial vibrancy and long-term value. Nottingham is a city of immense potential, and with our strategic investments, we aim to continue shaping its skyline and enhancing its property landscape.” Tenants at the property include C & J Clark International Limited, Nottingham Trams Limited, King Street Business Centre Limited, and a brand-new phone shop set to launch soon. This latest acquisition complements SNGgroup’s developments in Nottingham, including the brand-new apartments at 33 Long Row, known as Picture House. “Slowly but surely, SNGgroup is strengthening its roster of commercial units and expanding its esteemed list of commercial tenants,” said Stuart Singh, Managing Director of SNGgroup. “Our focus remains on providing exceptional spaces that foster innovation, collaboration, and growth. As we continue to diversify our portfolio, we are committed to building long-lasting relationships with our tenants and contributing to the success of the businesses. This strategic growth reflects our dedication to excellence and our long-term vision for the future.”

Free marketing course to help small businesses grow in 2025

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Small Business Britain is partnering with Adobe Express to launch a free six-week marketing programme aimed at helping small businesses improve their branding and sales strategies. The initiative comes in response to research showing that over 60% of small business owners prioritise sales and customer acquisition, while nearly half want to enhance their social media marketing skills.

Starting on February 25, 2025, up to 500 small businesses across the UK will have the opportunity to join the Small Business Britain x Adobe Express Marketing School. The programme will focus on key marketing areas such as brand identity, social media strategies, and video marketing. Participants will gain hands-on experience using Adobe Express, a design tool that allows users to create professional-quality marketing materials without prior design expertise.

Each week, Adobe’s Senior Manager of Product, Andy Lambert will lead interactive workshops designed to provide practical marketing insights. The course will include live demonstrations, showing how businesses can quickly create standout content, from social media graphics to branded materials. Participants will also have access to a LinkedIn group to connect with peers and share learnings.

The programme aims to give small business owners the tools and confidence to elevate their marketing efforts, making professional design and content creation more accessible.

Plan to expand Derbyshire Business Park could create 600 jobs

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A proposal to expand Dove Valley Park in Foston could bring up to 600 new jobs if approved by South Derbyshire District Council. The plan, submitted by Dove Valley Park Limited, seeks to extend the business park by 35 acres into surrounding land near the A50.

Council officers have recommended approval at a meeting on February 18, where councillors will make the final decision. If given the green light, the project would add four warehouse units of varying sizes and an innovation centre designed to support workforce training. Burton and South Derbyshire College would oversee the centre, which aims to train up to 100 apprentices annually.

A market assessment by Cushman and Wakefield highlights strong demand for warehouse space in the East Midlands, identifying potential tenants such as an online retailer, a pharmaceutical distributor, a local manufacturer, and a builders’ merchant. The report also highlights the region’s importance to the UK’s logistics sector.

The proposal has drawn objections from local residents, with concerns about the loss of agricultural land, increased traffic, and noise pollution from heavy goods vehicles. Critics argue that available sites within the current business park should be used first.

To address transportation concerns, the developer has pledged £185,000 to support public transit, enhancing the Burton-to-Uttoxeter bus route and adding links to Derby. Council planners acknowledge the project would alter the landscape but emphasise the potential economic benefits, job creation, and training opportunities.

Councillors will decide whether to approve the expansion at the upcoming meeting.

Digital ID strengthens networking, enterprise mobility and supply chain visibility with acquisition

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ID card company, Digital ID has acquired Connected ID, a leader in Networking and Enterprise Mobility solutions.

With sites in Corsham and Leicester, Connected ID has built a reputation for the supply of  Handheld Devices, Mobile Computers and Wireless Network Solutions. By integrating their expertise with Digital ID’s Photo ID and Security Solutions, Digital ID says it is “creating a technology powerhouse that enables organisations of all sizes to seamlessly identify both People and Products – faster, smarter, and more securely than ever before.” Recognising the synergy between Digital ID and Connected ID, Digital ID’s owners at Levata saw an opportunity to merge the two businesses, bringing best-in-class Identity, Authentication, Automatic Identification and Data Capture (AIDC) technologies under one roof. This collaboration unlocks new opportunities for Digital ID customers by offering a single-source, end-to-end solution for identity management and product tracking. “Connected ID has an outstanding reputation, backed by a highly skilled team and loyal client base,” said Stephen Dodd, Vice President of Digital ID Europe. “This acquisition is a major milestone for us. By combining our expertise, we can deliver an unparalleled suite of Identity, AIDC and Networking solutions, ensuring businesses operate more securely and efficiently. I’m thrilled to welcome Jamie and his team into our growing organisation.” Jamie Dickinson, Managing Director of Connected ID, said: “From the start, it was clear that Digital ID and Connected ID share a commitment to innovation and customer success. This acquisition strengthens our solutions, expands our market presence, and enhances the overall customer experience. I’m excited to be part of this next chapter and look forward to driving new growth and opportunities together.” The acquisition boosts Digital ID’s headcount to 200 employees across five key locations in the UK and Europe.