£450m deal sees West Burton power plant sold
TotalEnergies has signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of West Burton Energy for an enterprise value of £450 million.
West Burton Energy owns and operates the West Burton B gas-fired power plant in Nottinghamshire.
West Burton B comprises three combined-cycle gas turbines (CCGT) with total output of 1.3 GW. Commissioned in 2013, it is one of the UK’s most advanced power plants and supplies some 1.8 million homes. A 49 MW battery storage system was added in 2018.
Stéphane Michel, President, Gas, Renewables and Power at TotalEnergies, said: “I am delighted to welcome the West Burton B team to TotalEnergies. This acquisition contributes to our integrated strategy in the UK, which combines renewable and flexible generation capacity.
“It complements our 1.1 GW Seagreen offshore wind farm and allows us to accelerate development of our Integrated Power activities in power generation, trading and marketing in this market.
“The deal also contributes directly to our 2028 ROACE target of around 12% in this business sector.”
Nottingham food factory works with M&S to fight food insecurity
A food factory in Nottingham owned by manufacturer 2 Sisters Food Group is taking part in the second phase of a ground-breaking partnership with customer M&S and FareShare, the food charity, with a further 1.5m meal servings donated to those in need.
It’s one of three 2 Sisters’ factories across the UK which will be involved in producing vegetable curry, carrot & coriander soup and pizza meals using surplus ingredients which might otherwise go to waste, such as fresh vegetables.
The meals are nutritionally balanced to serve between two and four people and all meals will be freshly prepared with a guarantee of four days life from the day of donation. The meals are made at company factories in South Wales (RF Brookes), Nottingham (Pizza Factory) and Grimsby (Recipe Dish).
According to the latest Food Foundation tracker, 15% of UK households – equivalent to approximately eight million adults and three million children – have experienced food insecurity in 2024, as the cost-of-living crisis continues to hit the pockets of low-income families. It is estimated this figure has doubled in the last three years. Ranjit Singh Boparan, founder and President of 2 Sisters Food Group, said: “We continue to do the right thing by partnering with our customer M&S and creating these nutritious meal servings to help those that need it most. This second phase utilises surplus ingredients and what a better way to bring some good from this by creating quality food that have the M&S seal of approval. Helping to feed everyone in need with a nutritious meal is central to how we now think at our business and I am delighted to be leading on this with our partners.”Seven million people have used GenAI for work
Over 18 million people in the UK have now used Generative AI (GenAI), according to new findings from Deloitte’s 2024 Digital Consumer Trends research, based on a survey of 4,150 UK adults aged 16-75.
In the UK, three in five (60%) people are now aware of GenAI and over a third (36%) have used a GenAI tool, an increase of 26% (13 million people) from May 2023. However, notable gender and age gaps were apparent in the findings with 43% of men having used GenAI, compared to just 28% of women. The technology is also primarily used by younger groups, with 62% of people aged 16-34 having actively used it, compared to only 14% of 55-75 year olds.
GenAI in the workplace
One in seven people (14%) have used GenAI for work, equating to around seven million people, increasing from four million a year ago. Of those using GenAI for work, three in four (74%) claim a productivity boost of either ‘a fair amount’ or ‘a great deal’. However, just 27% of those in work claim that their employer encourages the use of GenAI, suggesting that the majority may be doing so without their employer’s official endorsement.
Among those who have used GenAI for work, the most popular reasons are generating ideas (44%) and looking up information (41%), followed by creating written content (39%), writing/editing emails (38%), and summarising text (37%).
Paul Lee, partner and head of technology, media and telecommunications research at Deloitte, said: “Employees are moving faster than their employers when it comes to adopting GenAI to transform how they work. While workers are signalling that GenAI can boost their output and save them time, many employees may not be supported, encouraged, or explicitly endorsed to use the technology by their organisation.
“While the most popular uses tend to be generating ideas and looking up information, these may not be optimal applications of GenAI, given known issues such as hallucination. Employers need to step up and invest in tools and governance to better support their staff in using this technology. Additionally, usage has to thrive among all types of employees, not just certain demographics, if the tools are to be most effective.”
Improving AI fluency is vital for businesses
The survey also demonstrates that the frequency of use of GenAI is variable. Amongst those using the technology, one in three (36%) do so either daily or weekly, whereas two in five (41%) use it less than monthly. Of these low-frequency users, 23% did not find it helpful, 19% were not satisfied with its answers and 18% claimed they did not know how to use it well.
Meanwhile, many of those aware of GenAI are not familiar with its risks, including potential inaccuracies and biases. Among those aware of GenAI, 25% believe it is always factually accurate, and 26% think it is unbiased. Those who have used GenAI are even more likely to be unaware of risks, as 36% of users believe it is always accurate, and 36% think it is unbiased.
However, among those aware of GenAI, more than half (59%) would be less inclined to trust an email if they knew it was created with GenAI. Similarly, 56% would be less inclined to use a customer service if they knew they were conversing with a GenAI assistant.
Costi Perricos, partner and global Generative AI lead at Deloitte, said: “Whether organisations have supportive or strict policies on the use of Generative AI, it is clear that improving business AI fluency is vital.
“GenAI deployment should be accompanied by a thorough learning and development programme, including training on ethics and responsible use, and guidance on how to get the most value from GenAI tools. HR leaders have a key role to play, creating a clear framework in which their workforce can operate.”
Lee concluded: “In 2024, companies ought to be asking what they should do with GenAI, rather than focusing purely on everything it could do. The C-suite is increasingly looking for proof of return on investment in technologies before funding large scale deployment across their workforce. However, there are barriers to this, as quantifying employee productivity can be difficult, particularly in knowledge-based roles.
“Businesses are also exploring customer facing GenAI tools but should be aware that they may face some initial hesitance as fluency improves. Customers may be more welcoming of GenAI if they can be convinced that it enables a better, faster experience, with higher quality answers. Business leaders must fund and drive this education.”
Vice-chairmanship of ethics committee awarded to East Midlands accountant
East Midlands accountant and ethics adviser Stuart Brown from Duncan & Toplis has been appointed as vice-chair of the Ethics and Advisory Committee of the Institute of Chartered Accountants in England and Wales for the next three years.
Mr Brown, who has been a member of the ICAEW’s Ethics Advisory Committee since 2021 and the organisation’s Members and Commercial Board since 2023, is also a Director and Head of Technical and Compliance at Lincolnshire-based Duncan & Toplis.
He said: “Over recent years the accountancy profession has justifiably been under intense scrutiny because it is essential that accountants are reliable, honest and trustworthy professionals with absolute integrity. I believe that ethics is the foundation of being a Chartered Accountant and we must all play our part in upholding the reputation of our profession.
“It is a great honour to be selected as the vice-chair of this committee, helping to maintain the standards for accountants around the world.”
Damon Brain, CEO of Duncan & Toplis, said: “It says a lot about Duncan & Toplis and our commitment to accounting ethics when a leading member of our team is appointed as the vice-chair of the Ethics Advisory Committee at the ICAEW, one of our profession’s most respected membership bodies.
“We pride ourselves on upholding the highest standards of ethics and professionalism and we’re passionate about doing right by our people, our clients and our communities. I’m sure Stuart will make an excellent vice-chair of this committee and I’d like to congratulate him on his appointment.”
Grade II listed office building sold in Leicester City Centre
Andrew + Ashwell has sold Berkeley House, a Grade II listed office premises located in the heart of Leicester City Centre.
The 14,722 square foot property, renowned for its architectural significance and close proximity to Leicester Railway Station, has been acquired by CECOS Capital Ltd, reflecting continued confidence in Leicester’s commercial property market.
The property is an example of Leicester’s rich architectural heritage. Designed by Percy Herbert Grundy, a Leicester architect, who originally configured the property for Goddard’s Silver Plate Powder and Polish firm, the property is an impressive example of art deco design which boasts a number of ornate features, including large span curtain walling, crittall lights and expansive internal ceiling lights.
Despite its historical significance and original construction as a factory, the building has offered a mixture of open-plan and cellular office accommodation for some years and will continue in this vein with its new owner.
CECOS Capital Ltd, the new owner, is excited to integrate this iconic building into their portfolio. Jawad Tanveer, Director, said: “We are delighted to acquire such a distinguished property in Leicester City Centre.
“This building not only represents a significant investment opportunity for our business but also aligns with our vision of preserving historical landmarks while promoting modern business environments. We look forward to continuing its legacy and ensuring it remains a cornerstone of Leicester’s architectural and commercial landscape.”
Joe Dodd, Associate Director of Andrew + Ashwell, said: “This transaction highlights the strength and resilience of Leicester’s commercial property market and despite media uncertainty, the continued need for office space in a central location.
“Whilst there is a lack of Grade A accommodation within Leicester, the sale of Berkeley House represents demand for larger office footprints and a desire to be positioned within the City. We are pleased to have facilitated this sale for an existing client and contributed to the ongoing vibrancy of Leicester’s city centre.”
Historic Derbyshire mill complex set for transformation into apartments and houses
Matthew Montague Architects have submitted a planning application to Derbyshire Dales District Council for the conversion of a 300-year-old derelict mill complex located near Matlock in Derbyshire.
The proposal aims to breathe new life into the derelict Lumsdale Mill by converting it into 11 apartments and 14 houses, offering a blend of modern residential living combined with the rich heritage and beauty of the site.
The planning application proposes converting the former mill into apartments, with additional houses to be constructed within the surrounding grounds.
If planning permission is granted the development will include a mix of two, three and four-bedroom apartments plus a number of bespoke affordable homes; making much needed accommodation in the area available to a range of residents.
With a total of 59 parking spaces planned for the site, the project aims to strike a balance between historical preservation and modern functionality.
Architect at Matthew Montague Architects, Paul Myers said: “The redevelopment of the site will provide much needed quality accommodation whilst preserving and securing the buildings for many years to come. The new dwellings combine heritage, innovation and sustainability; it will be a great place to live.”
The mill complex was originally built as the Farnsworth Bleach Works in the 17th century, it has been used for various business over the years; most recently a printing business.
The remaining outbuildings would become commercial and business premises, adding a dynamic dimension to the revitalisation of the area. Matthew Montague said: “Because the buildings are in a varying state of disrepair and lack modern facilities, they are basically not viable for ongoing commercial use.
“With considered design the new development will fund the restoration of important historic structures and ensure the long-term preservation of the site, whilst providing great new facilities for business to work from.”
He concluded: “It’s a fantastic site, that is significant to the county’s history. We are delighted to be involved with its evolution and to help develop and preserve it for the next hundred years.”
A decision on the comprehensive scheme is expected from the district council in the coming months.
The mill complex was originally built as the Farnsworth Bleach Works in the 17th century, it has been used for various business over the years; most recently a printing business.
The remaining outbuildings would become commercial and business premises, adding a dynamic dimension to the revitalisation of the area. Matthew Montague said: “Because the buildings are in a varying state of disrepair and lack modern facilities, they are basically not viable for ongoing commercial use.
“With considered design the new development will fund the restoration of important historic structures and ensure the long-term preservation of the site, whilst providing great new facilities for business to work from.”
He concluded: “It’s a fantastic site, that is significant to the county’s history. We are delighted to be involved with its evolution and to help develop and preserve it for the next hundred years.”
A decision on the comprehensive scheme is expected from the district council in the coming months.
Kindeva Drug Delivery expands in Loughborough
Global drug-device combination product CDMO, Kindeva Drug Delivery has expanded its Loughborough facilities at the Charnwood Campus Science Innovation and Technology Park.
This strategic move by Kindeva supports the growth of green propellant commercialization and secures a dedicated space for the company’s commercial analytical laboratory services team who will be housed at this location after renovations are completed later this year.
The move doubles Kindeva’s UK laboratory footprint, expands operations, and will relocate approximately 50 quality control employees from Kindeva’s Loughborough manufacturing site.
The company just announced its investment in a second manufacturing line for the production of pressurized metered-dose inhaler (pMDI) products containing low GWP (Global Warming Potential) propellants at this facility.
This additional space also offers potential for further expansion to support future innovation and sustainability opportunities, including development and other supporting capabilities in one location.
“As Kindeva continues to grow worldwide, this expansion is one more step in furthering the commercialization of our customers’ low GWP pMDI products,” says Carl Brookes, Vice President, Manufacturing and Operations – Loughborough at Kindeva.
“This is an exciting time for green propellants, and Kindeva is committed to remaining at the forefront of these product transitions supporting a greener planet. As Kindeva continues to develop more sustainable technologies and processes, we are constantly evaluating the potential across all our drug-device platforms and our sites.
“Our expansion on Charnwood Campus will help Kindeva continue to advance with leading facilities for our employees who are tasked with ensuring some of the highest standards of quality and safety for the products we make, and ultimately improving the health of patients we serve.”
Construction starts on 500,000 sq ft warehouse at Infinity Park Derby
With up to 1,000 new jobs to be created, Logicor, the owner, manager and developer of European logistics real estate, has begun construction of a new logistics building, Derby 507, at Infinity Park Derby.
The site will offer over 500,000 sq ft of premium warehouse space, with a significant number of jobs generated both during the construction phase and when the building is complete.
A new link road will also be constructed connecting Infinity Park Derby to a new dedicated junction on the A50. Works are due to start in 2025.
Logicor will work with Infinity Park Derby LLP to deliver Derby 507 to the highest sustainability targets, aiming for BREEAM ‘Excellent’ and an EPC rating of ‘A’ status.
The construction will also deliver 17% biodiversity net gain, offer secure cycle storage and EV storage for both cars and HGVs.
Derby 507 is located on Infinity Park Derby, a 100-acre development with Enterprise Zone Status (EZS).
Wavensmere Homes makes strategic appointment with new role
Regeneration specialist Wavensmere Homes has appointed Olivia Smith into the newly created role of Private Client Relationship Manager. Olivia will be responsible for nurturing the housebuilder’s customer sales relationships, with £1bn of new homes due to be launched, or in planning.
Olivia Smith joins Wavensmere Homes from Derby-based Ashley Adams Estate Agents, where she was based for close to four years, having been promoted into the role of Sales Account Manager.
Previously, Miss Smith was a New Homes Sales Negotiator for Spicer Haart. She transitioned into a new homes sales role with the national estate agency brand in 2019, having commenced her career as a Senior Lettings Negotiator for Connells Estate Agents, based in Lichfield.
James Dickens, Managing Director for Wavensmere Homes, said: “Olivia has sold our homes at consecutive developments across the Midlands during the past five years. While working for us indirectly, she has been a great company ambassador and understands our ethos and vision.
“During Olivia’s career to date, she has sold over 300 new houses and apartments. While doing so, she has grown her own investor platform, establishing and maintaining relationships with purchasers that loyally follow her from site to site.
“We have structured this newly created role around Olivia’s skillset, as she has a strong appreciation of the importance of client relationships. Her commitment to meeting individual requirements and investment goals underpins Wavensmere’s customer journey, but by selling via a third-party agent, there is a risk this can be diluted.
“Olivia’s timely appointment will enable us to take a more strategic approach to the sales launches for our upcoming developments.”
Olivia Smith, Private Client Relationship Manager for Wavensmere Homes, said: “I am delighted to be joining such a dynamic housebuilding business that is leading the way nationally for the delivery of new homes on brownfield land.
“The consequential ripple effect Wavensmere’s transformational projects have on the wider area are enabling investors to reap much higher returns than other comparative residential investments.
“Despite the challenges the industry has faced, it has been a joy to see how the Wavensmere brand has accrued a loyal following over recent years. This is testament to the build quality, value for money, customer care, and the dedication and significant investment to placemaking and provision of on-site community amenities.
“I am excited to take the leap to an in-house role and take on the responsibility for working with Wavensmere’s existing database of 500 committed investors.”
Clegg Group partners with Nottinghamshire Wildlife Trust
Nottingham-based construction specialists, Clegg Group, has partnered with Nottinghamshire Wildlife Trust as part of its commitment to the environment and sustainability, making nature part of its business with mutual benefits to both parties.
Clegg Group has become a Business Partner of the charity, which is the leading wildlife conservation charity working to protect and enhance the wildlife and habitats of Nottinghamshire.
Nottinghamshire Wildlife Trust, based at the Old Ragged School in Brook Street, Nottingham, has charitable aims to protect Nottinghamshire’s wildlife, restore biodiversity, and inspire people about the natural world.
One of their goals is for at least 30% of land to be connected and protected for nature’s recovery by 2030. The charity states that 30% is the bare minimum that nature needs to start recovering and that we are far short of this currently.
The sponsorship for the partnership has come from Clegg Group’s Charity Fund – used to support local worthy causes and aligns with the Group’s aim of promoting environmental sustainability, protecting wildlife, and promoting health and well-being.
Mark Hyde, business development manager at Clegg Construction, which is part of Clegg Group, and is also a trustee of Nottinghamshire Wildlife Trust, said: “One of the Trust’s aims is to inspire at least one in four people in Nottinghamshire to take action for wildlife, at home, at work, at school or in their neighbourhood.
“We are delighted that Clegg Group has become a Business Partner of the Trust, helping to raise awareness of the Trust and its aims, and to offer support for the charity.
“Clegg Group is a Nottingham-based company, working in the county as well as further afield, and many of our team also live here. As such, we’re keen to do our bit to help protect nature and our local environment, as well as support important good causes like Nottinghamshire Wildlife Trust.
“Being a trustee of Nottinghamshire Wildlife Trust is a privilege and something I enjoy, and I am very pleased that Clegg Group is also now getting involved formally to support this very worthwhile charity.”
As part of the partnership with Nottinghamshire Wildlife Trust, there will be opportunities for Clegg Group staff to get involved in various initiatives around environmental sustainability, protecting wildlife and health and well-being promotion.
Emily Patrick, Business Partnerships Lead at Nottinghamshire Wildlife Trust, said: “We are thrilled to have the support of local businesses like Clegg Group who want to see change in Nottinghamshire. Without the support of our business partners, volunteers and members we wouldn’t be able to make the impact we do for wildlife.”
