New milestone as Airfield Business Park expansion flies ahead
Businesses support YMCA Derbyshire in another successful Sleep Easy event
Fold Hill Foods acquires Brambles Pet and Wildlife
Fold Hill Foods, a Lincolnshire-based pet food manufacturer, has acquired Macclesfield-based Brambles Pet and Wildlife from founders David and Gail Tracey.
Brambles will join Fold Hill’s existing portfolio, which includes Ruffingtons, Pointer Pet Foods, Laughing Dog Food, and Superior. The two companies have previously worked together, with Fold Hill producing some of Brambles’ range.
Managing director Ben Mankertz stated that Brambles’ strong market position and expertise in wildlife nutrition made it a strategic fit. David Tracey will continue supporting the brand following the acquisition.
Midlands Engine to close as government funding ends
The Midlands Engine, an initiative established in 2015 to promote investment and economic growth across the region, will be wound down as its government funding ends in March.
The organisation, which worked with local government, business leaders, and universities, stated that its focus in the coming months will be on concluding key programmes and ensuring a smooth transition. Elected mayors in the East and West Midlands have already taken over many of its functions.
The Midlands Engine highlighted its achievements in attracting investment and strengthening regional collaboration but confirmed that its operations will cease due to the funding cut.
GE Aerospace invests $32m in Rutland for advanced manufacturing upgrades
GE Aerospace is allocating nearly $32 million to upgrade its Rutland, Vermont facility as part of a $1 billion investment in U.S. manufacturing and suppliers in 2025. The Rutland funding will be used for new machines, upgrades to existing equipment, precision tools, and infrastructure improvements to support the production of components for commercial and military aircraft engines.
The investment aims to enhance manufacturing capabilities for narrowbody and widebody aircraft, military helicopters, and fighter jets. Additionally, part of the funding will go towards utility upgrades in the main building.
Last year, the GE Aerospace Foundation contributed $200,000 to Stafford Technical Center in Rutland to purchase advanced manufacturing equipment for student training. The company has also announced plans to hire approximately 5,000 workers nationwide in manufacturing and engineering roles this year.
GE Aerospace CEO H. Lawrence Culp, Jr. emphasised the importance of investing in manufacturing to modernise aircraft fleets and maintain U.S. leadership in aerospace innovation.
Alford Windmill restoration plans move forward
Lincolnshire County Council, East Lindsey District Council, and the Alford Windmill Trust have reaffirmed their commitment to restoring and reopening the historic Alford Windmill as a visitor attraction.
Lincolnshire County Council owns the site and has set aside £450,000 for repairs, including restoring the windmill’s cap and sails. The council is also considering transferring ownership to the local community through the Alford Windmill Trust.
East Lindsey District Council had previously reallocated government funding to Alford Manor House but remains engaged in discussions on how best to support the windmill’s conservation.
The Alford Windmill Trust emphasised the importance of community involvement in the restoration process and future business opportunities linked to the site. Talks between stakeholders will continue as they work towards a viable long-term plan for the windmill.
New Humber energy-from-waste plant gets government approval
The UK government has approved the development of the North Lincolnshire Green Energy Park, an energy-from-waste facility planned for Flixborough Industrial Estate near Scunthorpe. The site will include an Energy Recovery Facility (ERF) capable of converting up to 650,000 tonnes of Refuse Derived Fuel annually into electricity.
Developer Solar 21 says the facility could generate enough low-carbon power for 221,000 homes per year and create up to 257 permanent jobs, with an additional 600 jobs during construction. The project aims to reduce landfill use by up to 760,000 tonnes and prevent 150,000 tonnes of CO2 emissions.
The site will also feature a plastic recycling facility capable of processing 20,000 tonnes of plastic annually. Ash from the energy recovery process will be repurposed into concrete blocks for construction.
Solar 21 highlights the Humber region’s high industrial carbon emissions and landfill waste as key project drivers, positioning the facility as part of the UK’s strategy to reach net-zero carbon emissions by 2050.
Key milestone for £35m scheme at Nottingham hospital
Precision medicine company falls into administration
Oncimmune, a precision medicine company spun out from the University of Nottingham, has fallen into administration.
It follows attempts by the business to sell its German trading subsidiary and a failure to raise additional capital required to meet the company’s short term funding needs. Oncimmune has concluded that there are no further options available to extend its cash runway and that the firm should therefore be placed into administration.In a statement Oncimmune said: “Despite a comprehensive sale process and positive interest in the business it has unfortunately not been possible to secure a buyer for the Company’s trading subsidiary, Oncimmune Germany GmbH. It has also not been possible to raise the additional capital required to meet the Company’s short term funding needs.
“In light of this, and after extensive consideration of the Company’s current financial situation as well as the resulting creditor position, the Board has regrettably concluded that there are no further options available to the Company to extend its cash runway and that the Group should therefore be placed into administration in order to preserve the value of the business for creditors.
“Accordingly, a notice will be filed with the Court today notifying the directors’ intention to appoint Managing Directors from Alvarez & Marsal Europe LLP as administrators of the Company as soon as reasonably practicable.
“Consequently, the Company has requested a suspension in the trading of its ordinary shares on AIM, which will become effective from 7.30am on 17 March 2025.”
Bakkavor rejects £1.1bn offer from Greencore
Greencore, which has its UK head office in Worksop, has made two proposals to Bakkavor, with the first made on 25 February and rejected on 27 February.
Greencore made a second approach to the board of Bakkavor on 7 March 2025, with the revised proposal now rejected.
The £1.1bn offer would have seen Greencore shareholders own approximately 59.8% and Bakkavor shareholders own approximately 40.2% of the enlarged group.The group would create a leading UK convenience food business with a combined revenue of £4bn.