Nottingham electrical insulation components manufacturer snapped up
Lincolnshire Co-op commits £8.5m to renewable energy through long-term wind power deal
Lincolnshire Co-op has signed an £8.5 million Corporate Power Purchase Agreement (CPPA) to secure renewable energy for the next 10 years. The agreement, part of a £40 million partnership with four other co-operatives, will cover approximately 50% of the society’s emissions across 220 outlets.
The contract, beginning 1 April 2025, ensures Lincolnshire Co-op will receive 10,000 megawatt-hours of energy annually from the London Array offshore wind farm. The facility, located off the north Kent coast, is operated by German energy giant RWE and supplies 10% of the UK’s wind power.
The deal, facilitated by Inspired PLC with legal support from Shoosmiths LLP, aims to provide price stability while reducing reliance on fossil fuels. In addition, Lincolnshire Co-op has invested £2 million in solar panels for 62 sites and is upgrading refrigeration systems for greater energy efficiency.
For businesses, the move highlights the growing role of long-term renewable energy contracts in managing operational costs and sustainability commitments.
Phenna Group makes trio of acquisitions
£42m Leicester Square boutique hotel for sale amid growing investor demand
A newly converted boutique hotel in Leicester Square has been listed for £42 million, reflecting increased investor appetite for London’s luxury hospitality sector. The 2-5 Charing Cross Road property is set to open by June.
London’s high-end hotel market is expanding, with 757 new luxury rooms expected by the end of 2025—the largest annual increase since 2014. Despite rising costs, demand remains strong, with occupancy rates returning to pre-pandemic levels.
However, profitability faces pressure from rising wages and operational expenses. RSM UK warns of cost challenges ahead, but increased consumer spending could help sustain growth.
Global real estate firms Avison Young UK and JLL also market the freehold contract for 3-5 Charing Cross Road.
Three Bunkers £100k golf challenge kicks off with focus on those to benefit from support
New partner appointed at Nottingham accountancy firm
Property consultancy makes 34 East Midlands promotions
Work starts on more than 760 new Nottinghamshire homes
TowerBrook makes majority investment in Corby sustainable waste management solutions business, Axil
TowerBrook, a purpose-driven investment firm, has made a majority investment in Corby-based Axil, the sustainable waste management solutions business.
With TowerBrook’s backing, Axil is poised for growth, strengthening its market presence and expanding its service offering.
TowerBrook, has invested in Axil through its Impact strategy, TowerBrook Delta which supports high-potential companies with impact at their core. This investment aligns with Axil’s vision of delivering sustainable waste management solutions that create positive impact.
Edward Pigg, Managing Director at Axil, said: “We’re excited to welcome Towerbrook as our partner as we share the same enthusiasm and energy to improve the environmental performance of our customers.
“Our teams share many common values, and we look forward to continuing our track record of growth with their support. What impressed the Axil team during the shareholder transition was the level of engagement and interest demonstrated by Towerbrook with our staff at all levels.”
Tom Redpath, Head of Europe at TowerBrook Delta, added: “We are delighted to partner with Axil. Axil is a great example of the deep thematic work we do in TowerBrook Delta to find high growth, high potential, high impact businesses with great teams underpinned by enduring economic and behavioural demand.
“Axil sits within Resource Sustainability, one of our six key global investment pillars. As global resource scarcity rises, raw material costs increase, and supply chains grow more complex, this area is more critical than ever. In Europe, stricter regulations, higher disposal costs, and limited access to raw materials are driving a stronger push for resource sovereignty.
“Axil’s innovative resource management solutions help businesses reduce waste at source, improve recycling rates, and lower operational costs. Exceptional ROI and NPS have fuelled strong growth, creating a solid platform for the future.
“From the outset, there was real energy and chemistry with Ed and the Axil team. They embody what we seek in a partner – high-performing, high-potential, high-integrity, with low ego and a relentless drive for growth and improvement.
“We are delighted to support their growth aspirations, while maintaining their award-winning culture.”
The sellers were advised by Opus Corporate Finance.