Advertising Standards Authority upholds complaints against Leicester company’s Harold Shipman ad
Loughborough University director lands non-exec role with Sport England subsidiary
Loughborough University’s Commercial and Facilities Director for Sport Jo Simpson has been appointed a Non-Executive Director to the Sports Council Trust Company board – a subsidiary of Sport England.
16.1% rise in insolvency-related activity in East Midlands
The number of East Midlands businesses experiencing insolvency-related activity in January jumped by 16.1% compared to the same period in 2022, according to new research from the Midlands branch of R3, the insolvency and restructuring trade body.
R3’s figures, which are based on an analysis of data from business intelligence provider Creditsafe, show that there were 72 cases of insolvency-related activity in the region last month, up from 62 in January 2022.
The statistics, which include liquidator appointments, administrator appointments and creditors’ meetings, show a similar picture for December 2022, with a 22.8% year-on-year rise in insolvency-related activity compared to December 2021.
The figures come on the back of a number of high-profile company administrations in recent weeks, including local high street retailer Paperchase, and the airline Flybe, which served the region from its West Midlands base at Birmingham Airport.
R3 Midlands chair Eddie Williams, a partner at PwC in the region, said: “What we are seeing here in the East Midlands is a reflection of what is happening to businesses at a national level, where annual insolvency numbers are now riding at a 13-year high.
“Statistics published by the Insolvency Service at the end of January show that corporate insolvencies in England and Wales increased by 57.3% last year to 22,109 compared to 2021’s figure of 14,059, and by 75% in comparison to 12,632 in 2020.
“Rising numbers of company directors in the East Midlands are now turning to insolvency processes to resolve their financial issues in the face of rising costs, low consumer confidence and ongoing economic turbulence.
“These issues will not disappear overnight, and we urge business owners to be aware of the first signs of financial distress and seek advice from a qualified source as soon as they show themselves. Many R3 members offer a free initial consultation to those who are looking for such help and want to explore their options.”
Administrators sell part of fibre infrastructure installation business saving 83 jobs
Leicester projects support more than 1,700 local people and 400 businesses following £3m funding scheme
- Positive Communities – a voluntary and community sector partnership of 12 local organisations led by the Highfields-based Bangladesh Youth and Cultural Shomiti, working to support people into employment and developing new skills development. It received £584,230.
- A community ESOL (English for Speakers of Other Languages) scheme aimed at improving language skills to help people into employment, led by Leicester-based Twin Employment and Training. It received £500,000.
- The ‘She Inspired Business Playbox’ project – comprising five local voluntary and community sector organisations – which works to support women into employment and business. The project was led by Zinthiya Ganeshpanchan Trust, a local organisation helping women to escape from poverty and abuse, and was successful in its bid for £349,588.
- Leicester Accelerator – a partnership of seven business support organisations led by East Midlands Chamber of Commerce. They successfully bid for £1million of CRF funds, to fund a range of support programmes for businesses, including the use of digital technology, mentoring, and grants.
- Leicester Textiles Renewal – an integrated support programme to improve skills, support innovation and encourage best practice in the city’s textile and garment industry. The bid, led by Leicester City Council, received £500,000 of CRF funding.
- 553 people who were previously classed as ‘economically inactive’ and a further 567 who were unemployed were helped into work or training;
- 666 employed individuals were supported to increase their skills;
- 391 small businesses and 35 medium or large businesses benefitted from tailored business support;
- 477 people gained a qualification, for example in maths, ESOL or textiles training;
- 52 businesses were supported to develop decarbonisation plans;
- 13 new businesses were created.
Former fire station sold to charity
University of Leicester to lead Midlands space cluster development
Derby-based serviced apartment provider grows its portfolio with new Nottinghamshire site
Derby train-maker opens new training academy
Train-maker Alstom has officially opened a new national training academy at its Derby site, which will help produce future generations of rail engineers.
During a ceremony at its UK train manufacturing site in Litchurch Lane, Derby South MP Dame Margaret Beckett opened the firm’s Apprentice Training Academy, accompanied by Nick Crossfield, Alstom’s Managing Director for the UK and Ireland. The academy, which will welcome 120 new apprentices and graduates this year, has been created following an investment of £250,000 over the last two years. The opening coincided with National Apprenticeship Week, which took place last week. Mr Crossfield said: “National Apprenticeship Week was the perfect time for us to open our academy as we wanted to express our confidence in the future of the UK apprenticeships and the UK rail industry.” Dame Margaret said: “I’m delighted to see Alstom continuing to invest in Derby’s young people, and in the Litchurch Lane facility, the only factory in Britain with the capability to design, build and test new trains for the UK and for export.” Alstom’s Derby site has been at the heart of UK railway manufacturing for 175 years since it was originally established, with generations of train-makers trained on site to manufacture the most technological advanced trains for Britain’s rail passengers. The new Training Academy, featuring 17 permanent teaching staff, offers 1,600 sq m of learning space, comprising four classrooms, a canteen, coffee area, and break out study areas where new trainees are inducted. It also features a training hall, containing a carriage and cab from the AVENTRA programme – the UK’s largest train manufacturing programme in a generation currently on the lines at Derby – where apprentices can gain practical experience working on carriages before joining a live manufacturing team. All levels of apprentices and graduates will now enter their new traineeship with Alstom through the Training Academy, no matter which of the 30 Alstom locations around the UK they will eventually work at. This year’s intake of 120 apprentices and graduates will be the first to formally benefit from the academy scheme. All courses are structured to complement each apprentice’s college or university course, which they will also attend throughout their apprenticeship. Alstom has said it will be working closely with local universities and colleges, including Derby College Group and the University of Derby. Mr Crossfield said: “Alstom has always believed in developing talent through formalised training, as we see apprentices are the future of our industry both here in Britain and around the world.”