Suite of support programmes unveiled for Greater Lincolnshire and Rutland businesses
In a significant boost to the economic landscape of Greater Lincolnshire and Rutland, Business Lincolnshire has unveiled a suite of fully funded support programmes.
These initiatives, aimed at fostering growth and development across various sectors, reflect Business Lincolnshire’s dedication to supporting businesses from their inception to their growth stages, and then onto reaching their full potential.
Among the standout programmes available are:
Your Business Boost, designed specifically for Retail, Hospitality, and Leisure businesses. This fully funded initiative provides a comprehensive support package, including group sessions, masterclasses, and tailored expert sessions.
For manufacturing businesses, the Made Smarter East Midlands Adoption Programme and Manufacturing Transformation Programme offer specialised support in digital transformation and business enhancement.
Also available is the Start Up Academy, geared towards budding entrepreneurs and early-stage businesses, offering vital workshops and mentoring sessions.
Meanwhile, the Scale-Up programme promises to take established businesses to new heights through personalised leadership and management training.
Additionally, Business Lincolnshire addresses the pressing need for environmental sustainability through the Low Carbon programme, equipping businesses with knowledge about Net Zero, Decarbonisation, Energy Management, and Supply Chains.
Councillor Colin Davie, executive councillor for economy and place at the county council expressed his enthusiasm about these programmes. He said: “These easily accessible programmes are part of Business Lincolnshire’s commitment to empowering local businesses.
“Not only do they provide expert guidance, mentorship, and funding opportunities, but also serve as educational and networking platforms. They help businesses to adapt, innovate, and flourish in an ever-changing market. As a region, we are investing in our businesses, enabling them to thrive and contribute meaningfully to our local economy.”
In addition to the suite of new programmes, there is a full calendar of upcoming events. The next event in the series is an AI and Marketing Masterclass, which will be delivered online on November 2nd, catering to both experienced and novice marketers and AI enthusiasts keen on advancing their businesses.
Additionally, the Going Global Conference, scheduled for November 27th at Lincoln Bomber Command Centre, offers an opportunity to explore international business opportunities with optional facility tours and a fantastic line up of key speakers from within the region.
Young people to learn entrepreneurial skills with new Chesterfield programme
Young people in Chesterfield are being invited to take part in a new programme designed to develop their entrepreneurial skills and confidence to help them kickstart their career.
After successfully receiving £6,000 in funding through Chesterfield Borough Council’s Community Grants Fund, Young Enterprise – the national financial and enterprise education charity – is teaming up with Springwell Community College and Netherthorpe School, inviting pupils to take part in its Company Programme.
The Company Programme aims to empower young people aged between 13 and 19 to set up and run a student company under the guidance of a volunteer from a local business.
Students will be responsible for making all the decisions about their business, including deciding on the company name, managing the company finances and selling to the public. Participants gain practical business experience and key skills.
Volunteers from local businesses are also being urged to get involved as mentors and provide the students with practical advice and guidance.
As part of the annual programme of activities, Young Enterprise will also be running a launch and pitch event, where the young people will be able to pitch their business ideas to businesses in the area.
Councillor Tricia Gilby, Leader of Chesterfield Brough Council, said: “We’re really pleased that our Community Grants Fund scheme can fund initiatives such as the Company Programme. When we first launched the scheme, we wanted to make sure that funding could be used to help people prepare to get in to work, and this project does just that.
“Our Skills Action Plan, which we unveiled earlier this year, is all about providing people not only with education, but also the experience of putting those skills into practice.
“Young Enterprise is giving young people the opportunity to improve their work readiness and work experience. It will help them to develop practical business experience and key skills including finance management and public speaking.
“We’re investing in Staveley through our Town Deal and I know many of the board members are keen to support this project and support young people to learn more about starting their own businesses. I am really looking forward to watching this project develop and seeing young people thrive.”
Ian Wingfield, headteacher at Springwell Community College, said: “We are delighted to be involved in this project and I know our students are excited to get started. This is a great opportunity for them to develop a range of valuable skills at the same time as connecting further with their community.”
Sharon Davies, Chief Executive Officer, Young Enterprise, said: “We are delighted that Chesterfield Borough Council is supporting Springwell Community College and Netherthorpe School to launch Company Programme to their students.
“Company Programme provides a real-life learning opportunity that introduces young people to the realities of the world of work. Previous participants have come up with innovative ideas for their companies, often with a strong socially-conscious theme, which have real potential to become businesses of the future.
“We are excited to see what the young people taking part in Chesterfield achieve and wish them the best of luck for their Company Programme journey.”
Helen McVicar, headteacher at Netherthorpe School, says that the project will enable pupils to develop real-life skills. She said: “The Young Enterprise Scheme is a fantastic initiative, and we are delighted to be involved.
“We pride ourselves on being connected with our community and this project will help us to further strengthen those ties whilst also testing the entrepreneurial skills of our young people, and developing important real-life skills.”
Sustainable heating and cooling provider makes Chesterfield’s Northern Gateway Enterprise Centre its home
A provider of heating and cooling solutions has made Chesterfield’s Northern Gateway Enterprise Centre its new home.
Infrared Group Ltd. specialises in offering a range of efficient heating and cooling options, including air source heat pumps and air conditioning systems.
Aaron Joseph, sales director at Infrared Group, said: “We stock a wide range of top brands for air source heat pumps and air conditioning with products and prices to suit all budgets. With a focus on rapid growth, we are actively seeking nationwide partnerships with developers who share our vision for the future of efficient heating technology.
“We not only provide top-notch installations but also pride ourselves on delivering exceptional customer service. We’re embarking on a journey to a more efficient and sustainable future in heating and cooling.”
Leaders at the firm say they are ‘thrilled’ to be relocating to Chesterfield’s Northern Gateway Enterprise Centre.
Nathan De La Rosa, industry specialist at Infrared Group, said: “This strategic move stems from our commitment to both efficiency and accessibility.
“Chesterfield offers a prime location in the centre of England, providing excellent transport links to both the north and the south. Moreover, we are passionate about contributing to the development of the Northern Gateway and believe our presence here will help to play a pivotal role in our growth.
“The modern facilities at the Northern Gateway Enterprise Centre are nothing short of fantastic, aligning perfectly with our vision for the future. Furthermore, our founders and dedicated team of staff hail from the Chesterfield area, and we are deeply committed to putting Chesterfield on the map and contributing to the region’s progress.
“We have a vehement passion to build local relationships with fellow business owners in Derbyshire as well as nationwide.”
Looking ahead, the company’s aspirations are firmly rooted in building its brand and spreading awareness about the benefits of ultra-efficient infrared heating. Infrared Group’s mission is to collaborate closely with homeowners, businesses, and developers.
Aaron Joseph added: “We hold a steadfast belief that as people increasingly recognise the immense advantages of infrared heating, it will become the standard in buildings of the future. Our journey at the Northern Gateway Enterprise Centre in Chesterfield is not just about business growth; it’s about catalysing a transformation in how we all approach heating and cooling, ultimately leading to a more sustainable and efficient future for all.”
Government’s funding decision will not end stand-alone Greater Lincolnshire LEP
Lincolnshire’s local authorities and the Greater Lincolnshire LEP Board have agreed that the LEP will not integrate into a local authority by 24th March 2024, when direct core funding comes to an end.
The Government had wanted the work of the LEPs to be absorbed into a local authority, where funding will be sent instead, but the Greater Lincolnshire body will continue to operate in the medium term, with any future integration aligned with a potential devolution deal for Greater Lincolnshire.
Neal Juster, chair of the Greater Lincolnshire LEP, said: “The Greater Lincolnshire LEP continues to serve us exceptionally well and we are proud of the role all partners have collectively played in working together to deliver economic development, infrastructure, and major programmes across our area in recent years.
“As a board and a team, we are committed to working with all partners to continue our work, and to develop next steps leading up to devolution, recognising the importance of a strong business voice and a successful economy for Greater Lincolnshire.”
Councillor Martin Hill, leader of Lincolnshire County Council, said: “Across Greater Lincolnshire, we want to ensure that the voice of businesses in our area continues to be heard. The participation of the private sector has been critical to the success of LEPs, and we have a shared commitment to making sure that businesses play an active role in shaping economic policy going forward.
“Given our ambitions for devolution, we believe there is no reason to transfer responsibilities for economic development away from the LEP at this time.”
Councillor Rob Waltham MBE, leader of North Lincolnshire Council, said: “We’ve worked closely with businesses through the LEP, supporting the creation of more, well paid jobs and backing their ambitious investment plans across the whole of Lincolnshire.
“This will continue with our equally ambitious commitment to securing a game-changing devolution deal which will make a positive difference to every family in the county – businesses will be an essential part of this.
“Businesses across our area have proved themselves to be instrumental in making a huge contribution to productivity for the whole of the country through providing fuel, food and energy for the UK and they will play an integral role in Lincolnshire’s ambitious future.”
Millions to be invested in net zero glasshouse development near Lincoln
A new net zero glasshouse research and development facility is set to be built on the University of Lincoln’s Riseholme campus.
The Greater Lincolnshire LEP is providing a grant of £1.3m for the project, and the University of Lincoln is providing a further £889,000 bringing the total project cost to just over £2 million.
This new purpose-built glasshouse will offer access to specialist research infrastructure and innovation support services. This will allow SMEs and other businesses in the agricultural sector to adapt or improve their products or services.
The glasshouse will be sub-divided into independently controlled compartments, facilitating the delivery of multiple projects at the same time throughout the year.
The Greater Lincolnshire LEP’s proposed Agricultural Growth Zone, designed to support Greater Lincolnshire agriculture and the delivery of the UK Food Valley, will benefit from the addition of the glasshouse facility as it will provide a space for collaborative research and innovation.
The research and development infrastructure will also be used for the new AgriTech Incubator established by the university in partnership with Barclays Eagle Labs.
Eligible businesses will have access to research and knowledge transfer opportunities from experts at the University of Lincoln who will support businesses within the industry to adopt new technology, implement new processes and develop new products to transition into modern, technology-enabled businesses.
Sarah Louise Fairburn, chair of the Greater Lincolnshire LEP Food Board, said: “This project will support those innovative businesses in Greater Lincolnshire that are working on agricultural and horticultural technology.
“The university’s Agri-Tech Incubator will establish a pipeline of businesses who require access to R&D facilities within a professional glasshouse environment, supporting future growth of the agri-tech cluster and ambitions of our UK Food Valley.”
Professor Simon Pearson, director, Lincoln Institute for Agri-Food Technology (LIAT), said: “This is a critical new facility that complements the world-class research and innovation facilities already in place at the University of Lincoln’s Riseholme Campus.
“It will support research, innovation and skills development for the Local Enterprise Partnership and the national horticulture sector, and the investment will focus on the development of novel renewable sources for glasshouse production. These will, in turn, reduce emissions and mitigate the sector’s dependency on fossil fuels.”
Acres of poppies planned for Remembrance by Derby firm
Derby-based Acres Engineering has embarked on a major initiative to raise money for the Royal British Legion (RBL).
The family firm, which is based in Melbourne and counts some of the world’s biggest names in rail, automotive and aerospace as its customers, is creating a 3-petal poppy for Remembrance Day, with all profits going to the RBL.
The idea was conceived whilst hosting a range of STEM activities at their recent open day to mark National Manufacturing Week.
As part of the event, Acres invited students from local schools to manufacture and take home their own poppy in order to understand the significance of Remembrance.
Acres themselves have a long and proud association with the armed forces as a Gold member of the Armed Forces Covenant.
This is an agreement that those who serve or who have served in the armed forces, and their families, should be treated with fairness and respect in the communities, economy and society they serve with their lives.
“We plan to manufacture at least 2,000 poppies,” explains Acres Engineering’s MD Luke Parker, “but we hope to actually make many more if the demand is there from our clients, suppliers, friends of the firm and other like-minded supporters, which we believe it is.
“Growing up in the local area I attended Ashby School and I was stunned when I learned that 144 ex-students are remembered each year from my old school alone. As such, we are ring fencing 144 of the initial run and donating them to Ashby School for their Remembrance garden.”
The project has been endorsed by veteran Brigadier Edward Wilkinson of the Worcestershire and Sherwood Foresters Regiment who added: “This Poppy will be a lasting memory wherever it is placed due to its construction. Its longevity will be a reflection of our Remembrance. It is fantastic what Luke Parker and Acres Engineering are doing to raise money for the Royal British Legion.”
The Acres Remembrance Poppy is available in single, large or bulk orders via their online shop.
Fall in corporate insolvencies a ‘false dawn’
A surprise decrease in the number of insolvent businesses in England and Wales should be viewed with caution and is far more likely to be a ‘false dawn’ than an indication of economic recovery.
This is according to the Midlands branch of insolvency and restructuring body R3 and follows latest statistics published by the Insolvency Service which show that corporate insolvencies decreased by 15.2% in September 2023 to a total of 1,967 compared to August’s total of 2,319, but when compared to September 2022’s figure of 1,688 they increased by 16.5%.
The government statistics also indicate that corporate insolvencies increased by 35.4% from September 2021’s total of 1,453 and by 112% from September 2020’s total of 928. There is also a rise of 30.4% compared to the pre-pandemic figure of 1,509 in September 2019.
R3 Midlands chair Stephen Rome, a director at law firm Thursfields in the region, said: “The September 2023 numbers are the highest we’ve seen for this month in four years as a combination of economic issues, director fatigue and the post-COVID insolvency lag see a rising amount of firms use corporate insolvency processes to resolve their financial issues.
“Compared to September 2022, more directors have turned to Creditors’ Voluntary Liquidations to wind down their businesses and more creditors have turned to Compulsory Liquidations to recover the debts they are owed. While the statistics for these processes are higher than they were pre-pandemic, administration numbers have yet to return to 2019 levels, although they are higher than this time last year.
“It’s clear that the challenging trading climate is taking its toll. Businesses are operating in a climate where people are cutting back on their spending on non-essential items, while at the same time the costs of operating a business remain high – and will only increase as the weather gets colder and the cost of borrowing and servicing existing debts get more expensive.
“Our message to company directors is simple: if you’re worried about your business, seek advice. It’s a hard conversation to have, let alone start, but you’ll have more options open to you and more time to take a decision if you begin it when your worries are fresh, rather than when they’ve spiralled.”
Magma make five promotions
Magma Chartered Accountants has made five promotions across their Rugby and Leicester offices.
The promotions are across the firm’s Audit, Business Services and Corporate Finance teams.
In Audit, Luke Edwards becomes associate director, Kaylee McCarthy becomes senior manager and Laura Vincent is promoted to assistant manager.
Within the Business Services team Emma Steptoe has been promoted to senior manager, and Chris Matthews becomes senior manager within the Corporate Finance team.
For Luke, Kaylee, Laura and Emma who have all been with then firm for several years, their promotions mark the latest stages of their progression within the firm. Chris’ first Magma promotion follows a successful spell in the firm’s Corporate Finance team.
Mark Tuckwell, managing partner, said: “Individual progression is at the heart of the business’s own success and these further five, well-deserved, promotions highlight our continued and exciting trajectory.”
Pall-Ex makes corporate sales director appointment
Leicestershire freight distribution network Pall-Ex has appointed Bridie O’Halloran as corporate sales director.
Bridie brings with her a wealth of experience, boasting 30 years in sales, 23 of those in logistics, with a background of managing sales teams in renowned logistics companies such as Target Express and Parcelforce.
In her new role, Bridie will build a robust pipeline of corporate accounts and travel across the UK to engage with customers and promote Pall-Ex services. Key responsibilities include focusing on new business and exploring diverse sectors – with the aim to grow market share significantly.
Michelle Naylor, commercial director at Pall-Ex, said: “We are thrilled to welcome Bridie to our team. Her extensive experience and proven track record in sales and logistics will undoubtedly drive Pall-Ex to new heights. We look forward to achieving market share growth and enhancing our presence in various sectors under her leadership.”
Starting her sales journey as a door-to-door salesperson selling double glazing, she transitioned into logistics as an international coordinator. Bridie’s dedication and leadership qualities saw her rise to the position of area sales manager at Target Express, where she managed sales teams and earned numerous awards over 11 years.
Bridie expressed her enthusiasm, saying: “I’m delighted to join Pall-Ex, I was especially drawn by the passion and commitment of the team I met during the interview process. The member-owned structure of the company and the advanced IT capabilities, notably the impressive tracking and ETA features, were also key factors in my decision. I’m looking forward to contributing to the company’s success.”
Food and drink manufacturers remain confident despite mounting challenges
Eight in 10 (81%) leaders in the UK food and drink sector feel positive about the prospects of the industry over the coming year, but mounting pressures including the twin threats of higher energy costs and constraints on consumer spending will continue to test businesses’ resilience, accountancy and business advisory firm BDO LLP has warned.
BDO’s annual Food & Drink Report, which surveys manufacturers in the sector, reports a high degree of optimism among food and drink manufacturers.
Although down slightly on last year (78%), 70% of respondents are feeling positive about the future of their own business in the next 12 months. This is buoyed by the big jump in optimism for the sector overall which has increased from 69% in 2022 to 81%.
Over a third (40%) expect an increase in their gross profit margins over the coming year and, as the buoyant mood continues, a further quarter (24%) are planning acquisitive purchases. Almost a third (30%) say new product development will be a key driver for growth across the next 12 months, whilst 29% say expanding in non-European Union (EU) markets is a key focus.
Despite the confident outlook, BDO’s survey highlights the myriad of challenges businesses in the sector are facing.
Half (50%) of the respondents reported difficulties in recruiting the people they need, with engineering and project management or production-related roles the hardest to fill. Almost two fifths (39%) of those experiencing recruitment challenges believe skills shortages are worse now than before Brexit and COVID-19.
Digital transformation remains a key area of investment to boost productivity and gain competitive advantage. The majority of respondents state their executive teams recognised the importance of this, however 60% aired concern that they were falling behind on their digital transformation journeys as firms grapple with unswerving economic headwinds. In addition, 28% say they are taking on higher levels of debt to counteract inflation.
The Ukraine conflict continues to affect 65% of businesses in the survey. According to the BDO report, overly complicated import-export rules are cited as reasons for hampering trade. Almost two thirds (63%) are finding it hard to trade with Northern Ireland via the Trader Support Service, with a further 69% struggling to use preferential origin under the UK’s Free Trade Agreements.
Cindy Hrkalovic, head of food and drink at BDO, said: “After enduring Brexit, COVID-19, supply chain disruption and a cost-of-living crisis brought on by a war in Ukraine, food and drink businesses should be applauded for the resilience and adaptability they have demonstrated.
“However, the long-term nature of many of the threats facing UK food and drink companies suggests that leaders will need to stay flexible and think strategically about the future of their businesses. Sticking-plaster measures from businesses or government will not suffice in an environment where a return to normality – whatever that is – remains elusive.”
Food and drink is the biggest manufacturing industry in the UK with a turnover of £128bn and exports worth £25bn. The sector employs 456,000 people in the UK, with its supply chain employing a further 4.3m people.
