< Previous10East Midlands Business Link www.eastmidlandsbusinesslink.co.ukFINANCE NEWSThinCats funds £550,000Management Buy-InLeicestershire’s ThinCats has successfully completed a transaction for theManagement Buy In (MBI) of Scubair Ltd, a business involved in the design, installationand service for all types of air conditioning, ventilation and electrical systems. TheNewbury-based company is a portfolio business of Venture Equity Partners, the buy andbuild investment specialist group.ThinCats supported the MBI with a £550,000 funding facility, enabling the realisationof value for the shareholders on exit and the on-going growth potential of the business.Ciaran Greenwood, Group Finance and Commercial Director at Venture EquityPartners, commented: “In Scubair, we identified an excellent opportunity to break into anew sector and to acquire a strong platform company as the basis for a buy and buildstrategy to further broaden our facilities management offering.“We knew we would need to partner with a different type of funder than we have done in the past. Traditional high street lenders have had a significantly reducedappetite for Management Buy Ins in recent years, and with the additional complication of the construction sector taking payments on application, invoicediscounting was excluded as a suitable facility. Our adviser recommended that we should speak to ThinCats to discuss alternative debt funding options.”Nottingham medical firm seals £2minvestment dealNottingham-headquartered Locate Therapeutics, has received £400,000 – the first firm to receive equity investment from the MEIF Proofof Concept & Early Stage Fund.Part of a £2m finance package, underwritten by Mercia Fund Managers, including MEIF POC and Mercia EIS funds, the funding will helpthe firm to deliver an innovative targeted drug and stem cell delivery system to marketThe capital will also enable the company to add six more experts to its team and open the doors to international tradePioneeringspecialist in regenerative medicine, Locate Therapeutics, has received the first equity investment from the MEIF Proof of Concept & EarlyStage Fund.Locate Therapeutics, a spinout from the University of Nottingham, is leading the way in the development of a targeted drug and stemcells delivery system which enables doctors to administer treatments to delicate parts of the body where greater levels of precision arerequired, with the added investment bolstering Locate Therapeutics’ business development capacity as it trademarks its inventions andbegins to market it to medical providers all over the world.The Life Sciences sector has been marked by the government in its recent Industrial Strategy as being one of the UK’s main growthsectors over the next 20 years, boasting a current national turnover of £64 billion – a figure that is set to increase significantly.Property firm set to expandwith HSBC funding Belvoir Lettings plc has strengthened its growth strategy with an acquisition relatedloan facility from HSBC which is part of a refinance package with the bank of up to £17m.Headquartered in Grantham, Lincolnshire, Belvoir Lettings operates the UK’s largesthigh street franchised network of residential lettings and estate agents and aims toaccelerate business growth through the acquisition of additional franchises and property-related service companies.Following a number of acquisitions in recent years, Belvoir Lettings already has around300 franchisee offices across the country and plans on using the HSBC loan to fundfurther acquisitions, in support of the group’s future growth plans.The HSBC acquisition fund is part of a Revolving Credit Facility, which extends up to£17m and includes £6.5m refinancing of existing borrowing.Louise George, Chief Financial Officer at Belvoir Lettings, said: “When it came toproviding the funding to support our immediate and longer-term growth ambitions, HSBCstepped in and offered the necessary facilities that were both competitive and flexibleenough to meet our needs.“Phil Carr, our Relationship Director at HSBC, went out of his way to understand ourcompany, our franchising business model, the sector in which we operate and our future plans. Phil’s team also guided us through the process of moving ourbanking to ensure that the onboarding was as streamlined as possible.”Roger Pratt, HSBC Area Director for Corporate Banking in East Midlands, said: “The lettings industry is going through a period of consolidation with increasingregulations placing pressures on administrative tasks for smaller agencies. This is creating a greater need for a business like Belvoir Lettings. We’re delighted towelcome Belvoir to HSBC and look forward to supporting the business as it continues to push forward its ambitious acquisition strategy.”The funding and bank refinance was supported by bank acting lawyer Oliver Morgan of Pinsent Masons, Belvoir acting lawyer Shaun McCabe of BrowneJacobson, and Simon Hall of BDO LLP in relation to Financial Due Diligence.Top: L-R Sara Lemon – HSBC Deputy Relationship Director, Phil Carr –HSBC Relationship Director, Julie Wilson – Belvoir Group FinancialController. Seated: L-R Phil Aspden – HSBC Associate RelationshipDirector, Louise George – Belvoir Chief Financial Officer, DorianGonsalves – Belvoir Chief Executive Officer.www.eastmidlandsbusinesslink.co.ukEast Midlands Business Link 11FINANCE NEWSInvestment drive will see£3bn worth of East Midsprojects marketed toforeign investorsInternational Trade Secretary Dr Liam Fox has launched a new drive to attract foreigninvestment into the East Midlands at a meeting of the Board of Trade in Stirling.The Department for International Trade (DIT) is promoting the East Midlands as partof 68 investment projects worth more than £30 billion to overseas investors.Dr Fox has also extended the highly successful High Potential Opportunities scheme,piloted in Doncaster’s rail industry, Telford’s agri-tech sector, and Greater Manchester’sinnovative graphene-based lightweight materials sector to new industries and parts ofthe UK.Dr Liam Fox, International Trade Secretary and President of the Board of Trade, says:“This is a bold and ambitious programme, building on the UK’s position as theleading destination for foreign investment in Europe through the government’s modern Industrial Strategy, helping to build a Britain fit for the future.“The High Potential Opportunities scheme will deliver growth where it is most needed, ensuring that the benefits of global investment are felt in every part of thecountry.“And with more than £30 billion worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors tothe UK.”DIT works directly with companies in 177 cities in 108 countries around the world. Last year, DIT helped attract 2,265 investment projects which created orsafeguarded 108,000 jobs in the UK.The 68 projects worth more than £30 billion, with more to be added over the coming months, will also be promoted through a revamped online one stop shop forpotential investors: invest.great.gov.uk.The extended High Potential Opportunities scheme is now taking applications from business organisations, Local Enterprise Partnerships and councils from acrossEngland, Scotland, Wales and Northern Ireland. In the first phase, more than 20 new sectors and areas of the UK will benefit from a boost in investment – creatingnew jobs and securing the UK’s prosperity.Carolyn Fairbairn, CBI Director-General, adds: “The UK has a strong standing when it comes to attracting investment to these shores. That investment leads to real,tangible benefits for people and communities – more jobs, prosperity and choice.“The International Trade Department’s drive to attract billions of pounds worth of investment to projects in each corner of the country is warmly welcomed by firms.“The new online catalogue of British projects for global investors to find and research will also be a vital tool to attracting even more capital to the UK, enabling thebenefits of free trade and investment to flow into our communities.”East Mids law firm setto acquirecounterpart in£4.15m deal Gateley, the national commercial law firm which has offices inLeicester and Nottingham, is set to acquire the business and assetsof GCL Solicitors LLP for a total consideration of £4.15 million.GCL will trade as Gateley Plc from its existing offices after the dealhas completed, and is the third and largest that Gateley has madesince the Group’s admission to AIM in June 2015; the first being theacquisition of Gateley Capitus swiftly followed by Gateley Hamer.GCL specialises in legal advice on residential developments andworks with some of the UK’s top housebuilders as well as promotersand landowners. GCL is also one of the leading law firms who act foroverseas private investors buying new build residential properties inthe UK, primarily in and around London.The firm is a profitable and well established business which hasbeen trading since the 1970s and converted to an LLP in 2009. In theyear ended 31 March 2018, GCL generated revenues of £6 millionand corporatised EBITDA of approximately £0.6 million. The Boardexpects the acquisition to generate operational synergies and beimmediately earnings enhancing.© SHUTTERSTOCK.COM / IGOR.STEVANOVIC© SHUTTERSTOCK.COM / PICKET12East Midlands Business Link www.eastmidlandsbusinesslink.co.ukMANUFACTURING NEWSManufacturers concerned about skills accesspost-BrexitAlmost half of the UK’s manufacturers remain concerned about their ability to access skills post-Brexit according to a new report fromEEF and law firm Squire Patton Boggs.The slump in job applications from the EU has slowed since last year, but 17% of companies saw a drop in applications from Europeancitizens.A further 13% of manufacturers still report an increase in EU workers leaving their businesses. Many of those employees are returning tothe EU permanently, with companies struggling to recruit suitably skilled staff in the UK.The report, Navigating Brexit: The Migration Minefield, calls on government to move swiftly to give companies and their workforceincreased clarity over the future of EU citizens working in the UK to stem the outward flow.Proper guidance for EU workers seeking settled status would do much to mitigate this problem, according to the report.Four in ten (39%) of manufacturers need support in understanding the ways to support EU employees to gain residency/settled statusand 68% want guidance on what the changes after March 2019 will mean for employers and their EU employeesIn an attempt to stem the growing skills issue, companies are taking steps to hold onto older workers with specialist skills, with 16%having implemented or are currently implementing such policies.Nearly half (47%) of those manufacturers questioned are also increasing training programmes for all existing employees with 37%increasing apprenticeship and/or graduate recruitment programmes.Notts SME developsproduct to improveefficiency of offshorewindNottingham Trent spin-out, GyroMetric, has developed a new product which, itsays, will improve the efficiency of offshore wind turbines.The Notts company partnered with the Offshore Renewable Energy (ORE)Catapult to develop and prove an innovative condition monitoring technology forapplication in offshore wind.Already an established presence in the maritime sector, GyroMetric saw anopportunity to transfer their drive shaft monitoring technology and use it toenhance the efficiency of offshore wind turbine drivetrains.GyroMetric’s product has been put through its paces during the commissioningof ORE Catapult’s Blyth-based 15MW drive train facility, the largest and mostpowerful of its kind in the world. Installed on ORE Catapult’s 7MW nacelle, the GyroMetric team has collected data as a result of monitoring the bearings, gearboxand couplings.Working with ORE Catapult’s drivetrain experts, GyroMetric’s technology has been tested to improve the understanding of the behaviour of the components inuse, with a view to increasing the efficiency and output of the turbine, whilst reducing the requirement for unplanned maintenance.Manufacturers urged to boost investment inworkforce wellbeingBritain’s manufacturers are being urged to grasp the opportunity of greater investment in thewellbeing of their workforce and reap significant rewards of improved productivity and performance,according to a major survey and study.The study and survey, published by EEF, the manufacturers’ organisation and Westfield Health andcarried out by the Institute of Employment Studies coincides with the launch of Mental HealthAwareness Week. It shows that the overall mental health and wellbeing of employees is inextricablylinked to motivation, engagement and performance in the workplace.In particular, it shows that good wellbeing can bring significant benefit to those companiesemploying lean manufacturing processes, especially if the focus is on good mental health, resilience,autonomy and involvement at work. According to the study this can bring productivity improvementsof up to 10%.By contrast the study highlights that poor wellbeing can increase costs, reduce motivation and employee engagement and take up management time dealingwith issues such as absence and occupational health costs.Commenting Steve Jackson, Director of Health, Safety & Sustainability at EEF, said: “More and more companies are recognising the benefits and opportunitiesof promoting the wider wellbeing of their employees. This can being significant benefit to companies with employees who are better motivated and engaged.”ORE CATAPULT© SHUTTERSTOCK.COM / ANDREY_POPOVwww.eastmidlandsbusinesslink.co.ukEast Midlands Business Link 13MANUFACTURING NEWSMulti-million poundindustrial innovation centreA multi-million pound international industrial innovation centre bringing advancedthinking to metal production is to be established at the University of Leicester.Hong Kong listed company Fosun International and Chinese state-owned enterpriseNanjing Iron and Steel Group have a joint venture, NISCO, that involves the manufacturingof ferrous metals and sales of steel materials.It is a major “challenger” business in the Chinese Iron and Steel Industry with a specificfocus on specialised applications including oil & gas pipeline steel, high strength shipplate, wind turbine plate and heat treatment plate. The businesses is escalating investmentin R&D and internationalisation as part of its growth plans.At a special ceremony in China marking the 60th anniversary of NISCO – with Universityof Leicester delegates in attendance – it will be announced that a joint NISCO-UKResearch Institute is to be established at the University of Leicester in the Department ofEngineering.Professor Hong Dong, Professor of Materials Engineering at the University and ResearchChair of the Royal Academy of Engineering, is the driving force for the new Centre. Hesaid: “This is a tremendous coup for the University bringing our world-renowned expertiseto bear on international industrial processes for metal processing and production. TheResearch Centre will be supported by NISCO at £400,000 per annum over an initial periodof 5 years. The University of Leicester will co invest through non-financial contributions.“It will provide a focal point for industrial partnerships conferring significant benefits tothe partner including preferential industrial access to equipment; a defined quota of post-graduate student projects; prominent branding of the centre within engineering and widerpromotion. Leicester will benefit from collaborative research opportunities, researchimpact, publications and international profile.”Amazon dealboosts sales forGranthammanufacturerA significant contract with Amazon has allowed a Grantham-based manufacturer to continue to grow sales over the lasttwelve months.Viking Signs, which designs and manufactures safety signs inthe UK from its factory in Lincolnshire, has signed a deal tobecome a direct supplier for the online retailer’s new businessdivision, supplying up to 30,000 products for the B2B market.The company is now looking to target a clutch of newcontracts after it tapped into supportfrom the ManufacturingGrowth Programme (MGP) to work towards the ISO 9001quality accreditation, which is important for improvingefficiencies and competing for larger orders.Supported by a Manufacturing Growth Manager and anexperienced industry consultant, the firm is very near tocompleting the process and will shortly be undertaking theStage 1 assessment that will then lead to full certification in afew months.“Going for ISO 9001 has been about much more than justgetting the standard, it has allowed us to fine tune existingsystems and introduce new processes, flexible workingpatterns and eliminate waste,” explained Darren Joint,Managing Director of Viking Signs and a member of the EEF’sRegional Advisory Board.“Working with MGP gave us the opportunity to assessexactly what support was needed and then it was a case ofintroducing us to a consultant, who had a deep knowledge ofmanufacturing businesses and what actions were needed tomeet the criteria.”He continued: “As we continue to grow we will be in aposition to win larger contracts with larger organisations, manyof which deem the ISO accreditation as a prerequisite fordoing business. It’s difficult to quantify how much work it willgenerate, but we are confident that we can increase turnoverby another 10% over the next twelve months.”© SHUTTERSTOCK.COM / MATEJ KASTELIC14East Midlands Business Link www.eastmidlandsbusinesslink.co.ukPROPERTY NEWSNottingham Counciladdress the city’s studentflat “myth”Nottingham City Council have addressed the worry that there are too many newstudent flats in Nottingham, and are pointing to new data that suggests demand is stilloutstripping supply in the city.It’s a common concern that there is over-provision of purpose-built studentaccommodation in the city centre, with the assumption that many student flats arestanding empty and that every other planning application given the go-ahead is forstudent flats.However, a survey of all the main providers of new student accommodation inNottingham has revealed a vacancy rate of just 0.5% in 2017/18 – the lowest everrecorded and representing just 105 bedspaces out of a total of 22,000. This is despite afurther 1,000 new bedspaces becoming available for the academic year 2017-18 – none of which were reported to be vacant.Since 2014 an extra 4,000 students began living in the city, with the University of Nottingham expecting a further 1,000 students for 2017/18, most of whom will livein the city. This means that despite the growth in new student flats, this is still not keeping up with the increase in student numbers.Both of Nottingham’s universities remain successful, popular and over-subscribed and are looking to expand. Nottingham’s universities contribute around £1.5bn tothe local economy and support 19,000 jobs, with 11,000 of these jobs directly linked to the two universities.Planning submitted for multi-million-pound mixeduse development in GranthamMill Hill Developments Limited has submitted a planning application for a new multi-millionpound commercial project at the junction of Harlaxton Road and Trent Road in Grantham. The 4.7 acre (1.9 hectares) mixed use development site is set to comprise a petrol fillingstation with an associated convenience retail unit, a drive thru coffee unit and a buildersmerchant with yard space, alongside retail and office accommodation.The scheme will create numerous job opportunities for the town, as well as attracting newbusinesses.Victor Ktori, Head of Office at Savills Nottingham – the appointed agent for the scheme – toldEast Midlands Business Link: “This is a major development in a prime gateway location which iscrucial to the town. The site provides critical mass at this important junction where we havealready seen a number of recent openings including KFC, Costa Coffee and Burger King.“The shortage of good quality stock has been instrumental to unlocking the pent up demand in Grantham, where existing firms are having to operate, insome cases, out of older properties which do not meet the needs of modern day businesses. This will also encourage inward investment, from neighbouringtowns. As a result, we have already had a significant level of interest in the scheme and agreed pre-let terms with a number of occupiers”. The scheme was designed by John Halton Design Limited with both Globe Consultants Limited and Turvey Consultancy forming part of the team.£23m engineering facility to goahead at Nottingham TrentA new £23 million facility dedicated to engineering teaching and research has been given the go-ahead at Nottingham Trent University.The development at the Clifton Campus comes after the university launched a new Department ofEngineering and a range of innovative engineering courses designed in conjunction with major industryemployers and experts.Courses in biomedical, electronic, sport and mechanical engineering have been created specifically tomeet the industry’s current skills gaps.The facility, which will house these new courses, will also include the creation of a new ‘Institute ofIndustrial Digitalisation, Robotics and Automation’.This will enable the university to play a lead role in providing a highly-skilled workforce equipped withthe digital skills necessary for the major impending changes in industrial manufacturing, known as Industry4.0.Industry 4.0 – the move towards automation in manufacturing technologies – is expected to have amajor impact upon a range of industries, which will require significantly enhanced workforce skills.The new engineering building will include engineering laboratories, workshops and studios, withflexible learning and teaching spaces with specialist equipment, and facilities for commercial research andconsultancy.© SHUTTERSTOCK.COM / KOKLIANGwww.eastmidlandsbusinesslink.co.ukPROPERTY NEWS£150m redevelopmentfor St Marks as 1,300-room student blocksplans submittedPlans have been submitted in Lincoln to create a further 1,368 student flats inthe heart of the City.If approved, work is likely to start as quickly as November this year – with acompletion date of 2022. The project would be the first major scheme in the£150m St Marks redevelopment – a wider scheme which will see £150mregeneration of St Marks Shopping Centre, retail, leisure, parking, flats and a hotel –creating up to 2,000 new jobs.The development, which will have 1,368 student residences, would have a phasedapproach with completion of those phases between 2020 and 2022.The development, which will have 1,368 student residences, would have a phasedapproach with completion of those phases between 2020 and 2022David Stewart of developers Aberdeen Standard Investments added: ”Submitting thisplanning application with the University of Lincoln’s support is a major endorsement of ourplans and a key step on the road to delivering our vision for a revitalised St Marks.”£20m investmentby HarlaxtonEstatesHarlaxton Estates are set to submit a planning applicationfor a £20m mixed-use development, at Farndon roundabouton the A46 at NewarkIf planners give the go-ahead, the development couldeasily be one of the biggest commercial property projects inNewark in recent years, bringing to the area: a 102-bedroomHoliday Inn Express Hotel with conference and meetingfacilities, a high specification office park, a filling station withsmall convenience store, electric car charging points andcoach parking for the town.The plans also include a country lakeside walk for localresidents and a local amenity building which locals are invited to have an input on, in terms of use.The development will also create over 400 new jobs for the region – one of the biggest job creationschemes for the areas in recent times.Construction will be undertaken by local building firm T Balfe construction with all support serviceswhere possible being placed with local firms to further boost the local economyAs Steve Hampson MD of Harlaxton Estates explains to East Midlands Business Link: “The town is indesperate need of a quality hotel with good accessibility and facilities.“We have managed to bring a global brand to the town in the hope of not only facilitating the townscorporate and tourism needs but also make Newark a destination to meet as it is at the convergence of manymajor trunk roads and a great rail link to London.”Industrial estate expansionThe expansion of an industrial estate in Lincolnshire could create hundreds ofjobs for the region.Fairfield Industrial Estate on the outskirts of Louth, could be extended with plansunderway to see if the opportunity is viable.The area is already home to such names as: First College Lincs, Louth Tractors,B&Q, Luxus, CEMEX and Honda Racing, and international packaging giant D SSmith to name but a few.The feasibility study, which is being carried out by East Lindsey District Council,will now look at the site to determine what’s possible. This could includeexpanding from Nottingham Road to accommodate a new 10 acre developmentsite for commercial and industrial use – creating jobs across a variety of sectorsand industries.The Council say the extension would offer investment opportunities for newand current businesses whilst creating new jobs for those within the region.Councillor Adam Grist, Portfolio Holder for Market Towns and the RuralEconomy at Lincolnshire County Council, says: ”The industrial estateextension has the potential to significantly grow the economy of thedistrict and this is the latest move we have taken towards achieving theprojects identified in our Economic Action Plan. It’s a 10-acre site so wecould be talking about hundreds of jobs although it’s too early to tellat this stage – but we know it would mark a significant investment.”He added: ”The industrial estate has been growing steadilyevery year so this would ensure that it’s future proofed forfuture generations. Louth is a growing market town and itwould help support the local economy.”East Midlands Business Link 15COURTESY OF CORSTORPHINE & WRIGHT ARCHITECTS16East Midlands Business Link www.eastmidlandsbusinesslink.co.ukCOMMERCIAL PROPERTY© SHUTTERSTOCK / NEIL MITCHELL With its central location and excellent transportlinks, the East Midlands is key to the nation’s transportand logistics industry. Over the last few years, logisticsand industrial space has become more commonplaceacross our region, driven by the explosion in the e-commerce sector. For Leicester, this has resulted in aslew of major new logistical and industrialdevelopments to better meet the needs of our regionand the nation at large. Among the recent transactions in Leicestershireincludes the acquisition of a recently developedMountpark in Bardon, a logistics park extended to145 acres with an average unexpired lease term ofover fifteen years. The park was part of a £94 millionportfolio acquired by M&G Real Estate CapitalSolutions from Mountpark Logistics EU, a developer ofindustrial and logistics property, which also includedsites in Wakefield and Southampton. “Investor demand for UK logistics assets remainsrobust, propelled by above average occupier demand,low vacancy levels and limited levels of newdevelopment so we don’t anticipate competition forassets moderating any time soon,” says Martin Towns,Head of UK Commercial & Capital Solutions at M&G18 ÁThe state ofthings inLeicestershireThe state ofthings inLeicestershireEast Midlands Business Link explores someof the biggest and best developmentstaking place in Leicestershire’s commercialproperty market, with a focus on businessparks and industrial space.www.eastmidlandsbusinesslink.co.ukEast Midlands Business Link 17COMMERCIAL PROPERTY 18East Midlands Business Link www.eastmidlandsbusinesslink.co.ukCOMMERCIAL PROPERTYReal Estate. “With the support of ourspecialist sector teams, we look forwardto helping existing and future clientsaround the world to secure direct realestate exposure to support their financialobjectives.”Elsewhere in Leicestershire, the CountyCouncil has given the green light to a £7million expansion to Airfield Business Parkin Market Harborough. The developmentpromises a positive impact for the regionwith some eighty jobs expected to becreated as a result. It is also expected togenerate £500,000 worth of income eachyear for the council which, they say, willbe invested into front line services such associal care. The now approved proposal will seethe business park extended by 80,000square foot which will offer a variety ofLEICESTERSHIRE COUNTY COUNCILwww.eastmidlandsbusinesslink.co.ukEast Midlands Business Link 19COMMERCIAL PROPERTYhigh quality premises for fledging firmsand companies looking to expand.According to Byron Rhodes, DeputyCouncil Leader, the expansion is about“supporting local businesses”, somethingthe council has highlighted as a priority.With a dwindling stock of Grade Afacilities available to businesses,providing high quality premises really isone of the best ways in which to helpbusinesses, both new and established,across our region. That’s true of localcompanies, as well as attractingnationwide and overseas businesses tothe area. Parker Drive in Leicester is set to be thelocation for a major new design and buildopportunity for trade park/industrialoccupiers according to developerTrafalgar Global Limited. The developerhas recently instructed commercialproperty agents Andrew & Ashwell andAPB to promote the upcoming site forgeneral industry, trade, warehousing anddistribution uses. The 1.62 acre site is situated on thecorner of Parker Drive and Menzies Roadand forms Phase Two of thedevelopment. It follows the recent lettingon 35,000 square foot to Selco Builder’sWarehouse and indicates the growinginterest from trade, warehousing anddistribution in the area. According to Malcolm Grayson,Director at Andrew & Ashwell, “Therelease of land at Parker Drive Trade Parkoffers exciting opportunities forcompanies seeking bespoke premises,presenting a range of possibilities fordesign and build that will help drive theirexpansion.”New schemes developments andexpansions to existing sites ensure thatthere is enough high quality propertyavailable to businesses, both on the localscale and nationally. It also ensures thatthere’s space available to entice overseascompanies to set up shop in the area. Aswe’ve explored in previous issues, there issomething of a problem when it comes toGrade A space across the East Midlands,something that developers, councils, LEPsand agents are trying to rectify. Industrial,logistics and office space that is fit forpurpose is crucial to the longevity andoperations of any businesses. With theabove (and many more developmentsbesides) in evidence, doubtless the deficitfor Grade A space will shrink. MOUNTPARK LOGISTICS EUNext >