Nottingham’s £4bn development programme highlights Core City’s ongoing regeneration

Nottingham currently has a massive £4 billion worth of recently completed developments and opportunity sites across half a square mile of the city centre, highlighting the Core City’s importance as a major driver of the regional and national economy. A newly created development map of the city highlights a total of 14 major schemes sites including two of the largest and most significant city centre projects anywhere in the UK – Broad Marsh and The Island Quarter. Together the new developments would provide over 7,000 new homes, 15,000 new jobs and create 2 million square feet of new office and commercial floor space. Nottingham’s £4bn development programme was presented this week at UKREiiF, the UK’s Real Estate Investment and Infrastructure Forum in Leeds. City Council Leader, Cllr David Mellen, spoke at the event which was also attended by the council’s Chief Executive, Mel Barrett and Corporate Director for Growth and City Development, Sajeeda Rose, as part of the city’s team at the event led by Invest in Nottingham. Cllr Mellen said: “In Nottingham we support development sites with major improvements to the public realm and transport network. So the Broad Marsh has already benefitted from public investment in a brand-new state-of-the-art car park and bus station, while the surrounding streets have been transformed into a thriving multi-activity area featuring a popular new skateable space and major new street art. “We remain ambitious for our city – in spite of the current cost-of-living crisis – and we pride ourselves on the way we work with partners to ensure this important development can continue. “Right now we are re-imagining our city centre – reinventing ways for people to live, work and enjoy the city – through better connectivity, better sustainability and perhaps most importantly the creativity to be able to see how people want their city centres to evolve – so that we can offer them a greener, brighter future.” In addition to Broad Marsh and The Island Quarter, key sites include the Nottingham Waterside development; the University of Nottingham’s new Castle Meadow campus and Unity Square phase two alongside phase one, the new HMRC office. Broad Marsh Broad Marsh is a “a once in many generations opportunity” for Nottingham to lead the way in city centre regeneration following the impacts of Covid-19 and online retailing. Heatherwick Studios, led by the world renowned and highly acclaimed British designer Thomas Heatherwick, was commissioned by the City Council and the Greater Broad Marsh Advisory Group to create a new vision for the 20-acre site. The vision offers social and economic opportunity to Nottingham on an unprecedented and historic scale, generating over 6,000 jobs, creating up to 1,000 new homes and over 500,000 square feet of commercial and office space. The council has been working to procure a master planner and supporting team to turn the vision into a more detailed master plan over the next few months and is now nearing completion of this process. A more detailed business case and delivery strategy will be developed to help procure the very best private sector partner to work closely with the council to deliver an exemplar sustainable development with social value, viability and deliverability at its core.
  Significant development has already taken place around Broad Marsh over the last three years including the new Nottingham College City Hub and a state-of-the-art car park and bus station. Major improvements to the public realm have been completed on Sussex Street next to the new Nottingham College, creating a thriving multi activity area featuring a popular new skateable space and major new street art. A new ‘Green Heart’ public space the size of a football pitch, designed by Townshend Landscape Architects, is being created at the centre of the Broad Marsh site following the partial demolition of the old shopping centre with work starting later this year. Work is also due to start soon to create a new playable public space on the now pedestrianised Collin Street alongside the new Nottingham Central Library. The Library is nearing the end of its fit out and the books and other equipment will soon be delivered and installed ahead of a planned opening later this year. The Island Quarter The 36-acre Island Quarter site, 500m from Nottingham Station, had been derelict and blighted for over three decades before work started on a major redevelopment three years ago. The Island Quarter is an exciting mixed-use development and unique, not just for Nottingham but for the Midlands and the UK. The 36-acre site is being totally transformed to bring new homes, grade A office space, creative spaces,  a lifestyle hotel, PRS apartments and co-working space, retail units, a ‘linear’ park and vibrant community and event space as well as student accommodation to the city. 1 The Island Quarter – the site’s first phase – opened in 2022, comprising restaurants Cleaver & Wake and Binks Yard. The venue’s outside space opened earlier in 2023, and will be hosting live events and entertainment throughout the summer.
The purpose-built student accommodation on the east side of the site will top out in summer 2023 and be ready for the September 2024 intake of students, and phase 1B – featuring a dual-branded IHG hotel and private rented apartments – will start on site later this year. Nottingham’s integrated transport system Nottingham has taken a joined up approach to planning and transport over the last two decades. The council has retained public ownership of the bus company Nottingham City Transport and made significant investment in public transport including a tram system and Park & Ride which helped grow usage from 67m in 2004 to 80m in 2019. Nottingham City Transport has the largest fleet of bio-gas double decker buses in the world with remaining diesel buses using technology which reduces their emissions by 90%. A Workplace Parking Levy was introduced in 2011 which helped fund the tram network extension and improvements to Nottingham’s railway station. Integrated smart ticketing has been introduced across all forms of transport and also e-mobility hubs which support the roll out of electric vehicles including e-bikes, e-scooters, a recent wireless electric taxi charging pilot and fleet vehicles which actually put electricity back into the grid. Nottingham City Council are also investing in its cycle network including a new pedestrian and cycle bridge over the River Trent. All of these measures support Nottingham’s target to be a carbon neutral city by 2028.

New scheme for healthier workplaces launched for Leicestershire

A brand new programme to help businesses and organisations in Leicestershire become heathier places to work has been launched. The Healthy Workplaces Leicestershire programme from Leicestershire County Council’s Public Health team has been designed to help places of work and local organisations achieve the ‘Healthy Workplaces Leicestershire Accreditation,’ with Leicestershire Fire and Rescue Service becoming one of the first organisations to benefit from the programme. Businesses and organisations who sign up can benefit from the Workplace Health Needs Assessment, Health MOT’s for staff, training for managers and other support that is available. The programme ensures a fully bespoke and tailored programme for each workforce. Launched during Mental Health Awareness Week, and with mental wellbeing often under discussed in the workplace, the scheme also offers both Mental Health First Aid training and Healthy Conversation Skills training. As one of the first to take advantage of Healthy Workplaces Leicestershire Programme, Leicestershire Fire and Rescue Service’s 700-strong workforce, including 580 firefighters, have committed to undergoing a Workplace Health Needs Assessment for their staff, and hosted a special launch event at Birstall Fire and Rescue Station. Councillor Louise Richardson, lead member for health and wellbeing at Leicestershire County Council, said: “I am so pleased to see our new Healthy Workplaces Leicestershire programme launch, especially during Mental Health Awareness week. “We spend so much of our adult life at work that it is important that we make steps to ensure both our physical and mental health is looked after in the workplace. Our new initiative will enable local businesses across the county to do just that. I am especially thrilled to see Leicestershire Fire and Rescue Service get involved and I wish them all the best in their healthy workplace journey. “We are excited to see this new initiative bring a positive impact to the health and wellbeing of our residents and workforce.” Karl Bowden, Area Manager for People and Organisational Development at Leicestershire Fire and Rescue Service, said: “We are extremely pleased to welcome the support from the Healthy Workplaces Leicestershire Programme. “This will further enhance our ongoing commitment to support the health and wellbeing of our employees and ensure our wellbeing strategy remains focussed where there is identified need.”

Grants of up to £10,000 to help Bolsover businesses

Bolsover District Council has launched two grant schemes aimed at supporting existing businesses whilst also giving new businesses that all-important helping hand as they start. The Business Growth Grant Scheme provides funds from £1,000 to £10,000 and is aimed at existing businesses (trading for more than 18-months) to help them grow, create jobs, become more carbon efficient or diversify into new markets. The funding could be used for new equipment and machinery, computer hardware/software or specialist consultancy/training. Up to 80% of the total project cost can be applied for (up to a maximum of £10,000) and businesses must be located in Bolsover District and have up to 249 employees. Businesses will also need to be paying business rates to Bolsover District Council or be receiving small business rates relief. Once an application has been approved the business will be required to purchase eligible items and then submit a claim to receive their grant. The Business Start-Up Grant Scheme offers grants up to £500 and is available to pre-start and new businesses located in Bolsover District who have been trading for less than 18-months. Up to 100% of the project cost can be applied for which could include equipment, tools and machinery, fixtures and fittings and marketing materials. Items purchased before an application is approved will not be eligible for grant payment. Councillor Steve Fritchley said: “This is the second business grant scheme we have launched in a matter of weeks and re-iterates our pledge to help our local businesses and boost the economy as much as we can. “This is a great opportunity for our growing local businesses to get a cash-injection and help them diversify into new products, expand their customer base and grow their workforce. “Our team of economic development experts are on hand and ready to help throughout the grant process and I would urge businesses to contact us so we can provide you with as much help and assistance as possible.” This project is funded by the UK government through the UK Shared Prosperity Fund.

ActionCOACH Loughborough confirms famous guest speaker for GrowthCLUB event

Business coaching franchise ActionCOACH Loughborough has announced actor and executive coach Paul Ryan as guest speaker for its quarterly GrowthCLUB event on Friday 30 June.

Having previously appeared in Channel 4’s BAFTA nominated Brexit: The Uncivil War, BBC One’s The Trial of Christine Keeler and Ghosts, Paul is also an author, executive coach and presentation skills trainer. After a three-year stint in the West End production of Mamma Mia, he took the plunge and set up presentation training company Improve on You in 2012.

Designed to transform the future of businesses and business owners’ lives, GrowthCLUB trains individuals on strategies to help them master their time, be clear on their priorities, equip them with the mindset and tools they need to achieve personal and business goals over the next 90 days.

The fully immersive, one-day event will be held between 8.30am – 5pm, at Prestwold Hall in Loughborough, Leicestershire, and hosted by Managing Director and UK Coach of the Year 2021, Matt Bull.

The day will include motivation, education and inspiration from Matt and two ActionCOACH Loughborough coaches – Laurence Duncan and Kerry Malster – as well as Paul. Previous guest speakers have included accomplished English cricketer Tamsin Beaumont and former English badminton player Gail Emms.

Matt Bull said: “We are thrilled to have Paul Ryan join us as guest speaker at our upcoming GrowthCLUB event, his expertise in communication, leadership and team building will guarantee to inspire and motivate our members.

“Attendees can also look forward to receiving valuable insights and practical tips on how to improve their businesses, network with other like-minded entrepreneurs, and learn from experts in the field of business coaching. We look forward to seeing you all there!”

Paul Ryan said: “I’m delighted to be joining Matt and the team at GrowthCLUB, which is the perfect opportunity to share my skills of getting up on stage and presenting – something that is a far greater challenge than it was before.

“Whether you’re an experienced public speaker or a novice, I’ll be reminding individuals of their core skills and teaching them the body language secrets to control your nerves and win the confidence of your audience before you’ve said a word.”

To reserve your spot at the event, click here.

Construction materials group makes Main Market move

Breedon Group, the construction materials group, has made the move from AIM to the Premium Listing Segment of the Main Market of the London Stock Exchange. The business believes the move will support it in the delivery of its long-term strategy and offers “an appropriate listing for a company of [Breedon’s] scale and heritage.” Breedon’s directors previously noted how the move would enhance the firm’s corporate profile and recognition, as well as extending the opportunity to invest in the group to index tracker funds and a broader group of international institutional shareholders. Rob Wood, Chief Executive Officer, said: “Today marks a significant moment in Breedon’s history as we celebrate our move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange. “Being a member of AIM has served us well. For over a decade, AIM has provided us with access to diverse and engaged investors within a supportive community that understands the needs of entrepreneurial businesses such as Breedon. We thank them wholeheartedly for their support. “As an established business with a track record for growth and value creation, we believe the move to the Main Market will support Breedon in the delivery of our long-term strategy and offers an appropriate listing for a company of our scale and heritage. We look forward to our future as a Main Market company. “This would not have been possible without the hard work and determination of everyone at Breedon, and I would like to thank all of my colleagues for their continued support.”

Property developer continues spree of acquisitions on Nottingham street

Property developer ALB Group has acquired 25 Bridlesmith Gate in Nottingham, currently home to fashion brand Joules. 25 Bridlesmith Gate provides a ground floor sales shop of circa 2,500ft² with the ability to create a rear courtyard garden. The upper floors are already vacant but will be redeveloped to provide office or residential accommodation. Ben Tebbutt, director at BOX Property, says: “This latest acquisition demonstrates ALB’s continued commitment to Bridlesmith Gate. “Working closely with our clients we have already let the units to the southern end of the street to the likes of Sneakrverse, Stick & Ribbon, Barista Lab coffee shop and the vintage clothing retailer Garms. “By owning larger parts of the street, we are able to take a very holistic approach to the lettings, in order to create the right mix of retail and leisure uses.” Chris Ward of Robinson Webster acted on behalf of the vendor.

Another record year for revenue and profitability at Watches of Switzerland

Leicester-based Watches of Switzerland has hailed another record year of revenue and profitability. In a new trading update, for the 52 weeks to 30 April 2023, the company highlighted group revenue of £1.54bn, up 25% on the prior year. Meanwhile adjusted EBIT is expected to be between £163 million and £167 million, up from £130 million last year. The business noted “excellent progress” in the first two years of its Long Range Plan, with Watches of Switzerland entering its new financial year “significantly ahead of schedule.” Brian Duffy, Chief Executive Officer, said: “FY23 was another record year of revenue and profitability, with revenue growth of 25% at reported rates (+19% at constant currency) and continued EBIT margin expansion. “Although, as expected, the second half of FY23 saw a more challenging trading environment, demand remains strong and continues to exceed supply, with client registration lists continuing to grow. I would like to thank all my colleagues for their continued hard work and dedication. “We have an exciting pipeline of showroom projects, and I am delighted to announce the Group has signed a letter of intent with Audemars Piguet (AP) confirming its intention to open an AP House in the UK in the region of St Anne’s, Manchester, via a Joint Venture partnership in Spring 2024. “This is an important expansion in our partnership with Audemars Piguet which has spanned more than 50 years and we look forward to what will be a great showroom for the city of Manchester. We also announce today our plan to open a flagship TUDOR mono-brand boutique at Old Bond Street, one of the most prestigious addresses in London, in Q4 FY24. “We enter FY24 significantly ahead of where we expected to be in our Long Range Plan following two years of exceptional performance and notwithstanding the macroeconomic backdrop. Our FY24 guidance assumes revenue growth of 8 to 11% at constant currency with EBIT margin in line with prior year. “We remain confident in our goals to maintain our leadership position in the UK, become the clear leader in the US, and capitalise on our growth potential in Europe.”

Turley expands into the East Midlands

Full-service planning and development consultancy Turley has expanded into the East Midlands with the opening of a new office in Nottingham. The employee-owned company, which operates across 14 other major cities throughout the UK and Ireland, sees this expansion as a critical step in the long-term growth of its Midlands business unit. Turley’s presence off Wollaton Street, Nottingham will be a central base from which to support its existing clients, grow a regional network and develop new business connections. The consultancy has been delivering major projects across the East Midlands for several years, including strategic residential developments and land promotions, industrial and logistics schemes, purpose-built student accommodation and other higher education schemes.  The business most recently worked on IM Properties Hinckley Park scheme in the Hinckley & Bosworth borough which is now two-thirds complete with the final phase under construction. In total, it will deliver approximately 140,000m² of industrial and logistics floorspace and create c. 2,000 direct jobs. The team will include Angela Reeve, head of Planning, Midlands; Jessica Herritty, associate director and current chair of the RTPI East Midlands Young Planners Committee and Women in Planning East Midlands Committee; Tom Armfield, director; and Sam Lake, associate director at Turley. Speaking on the office launch, Angela Reeve said: “The East Midlands region represents a significant geography for Turley. We have been increasingly active in the region over recent years, working on a diverse range of projects on behalf of clients including housebuilders, industrial and logistics developers, higher education providers and PBSA providers. “We consider there to be an incredible amount of opportunity for employment and economic development in the region, driven forward by the East Midlands Freeport initiative, the Midlands Engine initiative and the arrival of HS2. “Additionally, with at least one university in every city and key road, rail and air freight routes throughout the region, it is a geography teeming with potential. This expansion of our Midlands business unit with the new office space in Nottingham means we are perfectly positioned to seize on the fantastic opportunities the region has to offer.”

Loughborough vehicle hire company secures £18m funding package for acquisition

A Loughborough-based vehicle hire company has expanded its operations across the UK with a HSBC UK supported acquisition. Reflex Vehicle Hire has utilised a £18m funding package from HSBC UK to acquire Hireway Vehicle Rental in Wishaw. The acquisition will see all Hireway Vehicle Rental staff maintained, increasing the Reflex Vehicle Hire team by 11 people, taking them to 115 employees, and adding 900 vehicles to its fleet. The expansion will increase Reflex Van Hire’s fleet to around 6,000 commercial vehicles. As a result of expansion, Reflex Vehicle Hire is anticipating a 19 per cent increase in turnover over the next 12 months. Oliver Waring, founder and chairman of Reflex Vehicle Hire, said: “This acquisition has progressed our growth strategy ahead of schedule and unlocks some fantastic new opportunities for the business. We’re excited to work with Hireway Vehicle Rental staff over the coming months to cement our reputation as the first-choice provider for business customers.” Ben Foster, relationship director at HSBC UK, said: “Reflex Vehicle Hire is a market leader in customer service and pushing sustainability in vehicle rental. HSBC UK are proud to support the business expand across the UK as they cross the border into Scotland.”

Flint Bishop drives revenue to record high

Flint Bishop, a prominent law firm with offices in Derby and Birmingham, is celebrating yet another exceptional year as it unveils its strongest financial performance to date. The firm’s unwavering commitment to excellence and strategic growth initiatives have propelled its revenue to a record high. For the 12 months to 30 April 2023, turnover rose to £19.4m, an increase of 11% on the previous year. With 71 new starters onboarded during the financial year, the current growth rate has seen the firm boost its headcount by nearly 10%, with the total number of employees now standing at well over 200, the highest in the firm’s history. The relentless dedication and expertise exhibited by all teams at Flint Bishop have resulted in numerous accolades and recognitions within the legal community. With the firm boasting several practice areas ranked in the prestigious ‘Top Tier’, and a record number of its lawyers listed as recommended individuals in esteemed publications such as The Legal 500 and Chambers UK, Flint Bishop continues to grow in recognition as the home of outstanding legal talent. To cap off another highly successful year, Flint Bishop opened its new state-of-the-art Derby headquarters, the Pinnacle Building, earlier last month. This significant acquisition and investment in Grade A modern high-tech offices not only offers many additional facilities for clients and staff, but also symbolises the firm’s commitment to excellence, innovation, and reaching new heights, and reflects Flint Bishop’s reputation and position within the legal industry. Commenting on the firm’s achievements, Chief Executive Qamer Ghafoor stated: “Flint Bishop’s exceptional financial results, coupled with its continued commitment to excellence and strategic expansion, set the stage for an even more promising future. With a solid foundation and a focus on growth, the firm is well-equipped to elevate its position in the legal industry and deliver unparalleled legal services to its clients.” Ghafoor added: “As we embark on the new financial year, we have already observed significant growth across several of our teams, and our focus on recruiting experienced professionals will continue at pace. “With the investment in our modern, high tech, creative, open and collaborative office environments, I strongly believe we are now in position to leverage the great ways in which operate and further strengthen the way we work and support each other to elevate our combined service offerings and help to advance our position within the legal sector.”