Thursday, February 13, 2025

Iconic property in Nottingham’s Old Market Square acquired

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SNGgroup has acquired a landmark property in the heart of Nottingham’s historic Old Market Square. The newly acquired commercial property, located on King Street, strengthens SNGgroup’s growing investment portfolio. Richard Singh, Managing Director of SNGgroup, said: “We are thrilled to add King Street to our expanding portfolio. This acquisition reaffirms our commitment to investing in prime locations that offer both commercial vibrancy and long-term value. Nottingham is a city of immense potential, and with our strategic investments, we aim to continue shaping its skyline and enhancing its property landscape.” Tenants at the property include C & J Clark International Limited, Nottingham Trams Limited, King Street Business Centre Limited, and a brand-new phone shop set to launch soon. This latest acquisition complements SNGgroup’s developments in Nottingham, including the brand-new apartments at 33 Long Row, known as Picture House. “Slowly but surely, SNGgroup is strengthening its roster of commercial units and expanding its esteemed list of commercial tenants,” said Stuart Singh, Managing Director of SNGgroup. “Our focus remains on providing exceptional spaces that foster innovation, collaboration, and growth. As we continue to diversify our portfolio, we are committed to building long-lasting relationships with our tenants and contributing to the success of the businesses. This strategic growth reflects our dedication to excellence and our long-term vision for the future.”

Free marketing course to help small businesses grow in 2025

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Small Business Britain is partnering with Adobe Express to launch a free six-week marketing programme aimed at helping small businesses improve their branding and sales strategies. The initiative comes in response to research showing that over 60% of small business owners prioritise sales and customer acquisition, while nearly half want to enhance their social media marketing skills.

Starting on February 25, 2025, up to 500 small businesses across the UK will have the opportunity to join the Small Business Britain x Adobe Express Marketing School. The programme will focus on key marketing areas such as brand identity, social media strategies, and video marketing. Participants will gain hands-on experience using Adobe Express, a design tool that allows users to create professional-quality marketing materials without prior design expertise.

Each week, Adobe’s Senior Manager of Product, Andy Lambert will lead interactive workshops designed to provide practical marketing insights. The course will include live demonstrations, showing how businesses can quickly create standout content, from social media graphics to branded materials. Participants will also have access to a LinkedIn group to connect with peers and share learnings.

The programme aims to give small business owners the tools and confidence to elevate their marketing efforts, making professional design and content creation more accessible.

Plan to expand Derbyshire Business Park could create 600 jobs

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A proposal to expand Dove Valley Park in Foston could bring up to 600 new jobs if approved by South Derbyshire District Council. The plan, submitted by Dove Valley Park Limited, seeks to extend the business park by 35 acres into surrounding land near the A50.

Council officers have recommended approval at a meeting on February 18, where councillors will make the final decision. If given the green light, the project would add four warehouse units of varying sizes and an innovation centre designed to support workforce training. Burton and South Derbyshire College would oversee the centre, which aims to train up to 100 apprentices annually.

A market assessment by Cushman and Wakefield highlights strong demand for warehouse space in the East Midlands, identifying potential tenants such as an online retailer, a pharmaceutical distributor, a local manufacturer, and a builders’ merchant. The report also highlights the region’s importance to the UK’s logistics sector.

The proposal has drawn objections from local residents, with concerns about the loss of agricultural land, increased traffic, and noise pollution from heavy goods vehicles. Critics argue that available sites within the current business park should be used first.

To address transportation concerns, the developer has pledged £185,000 to support public transit, enhancing the Burton-to-Uttoxeter bus route and adding links to Derby. Council planners acknowledge the project would alter the landscape but emphasise the potential economic benefits, job creation, and training opportunities.

Councillors will decide whether to approve the expansion at the upcoming meeting.

Digital ID strengthens networking, enterprise mobility and supply chain visibility with acquisition

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ID card company, Digital ID has acquired Connected ID, a leader in Networking and Enterprise Mobility solutions.

With sites in Corsham and Leicester, Connected ID has built a reputation for the supply of  Handheld Devices, Mobile Computers and Wireless Network Solutions. By integrating their expertise with Digital ID’s Photo ID and Security Solutions, Digital ID says it is “creating a technology powerhouse that enables organisations of all sizes to seamlessly identify both People and Products – faster, smarter, and more securely than ever before.” Recognising the synergy between Digital ID and Connected ID, Digital ID’s owners at Levata saw an opportunity to merge the two businesses, bringing best-in-class Identity, Authentication, Automatic Identification and Data Capture (AIDC) technologies under one roof. This collaboration unlocks new opportunities for Digital ID customers by offering a single-source, end-to-end solution for identity management and product tracking. “Connected ID has an outstanding reputation, backed by a highly skilled team and loyal client base,” said Stephen Dodd, Vice President of Digital ID Europe. “This acquisition is a major milestone for us. By combining our expertise, we can deliver an unparalleled suite of Identity, AIDC and Networking solutions, ensuring businesses operate more securely and efficiently. I’m thrilled to welcome Jamie and his team into our growing organisation.” Jamie Dickinson, Managing Director of Connected ID, said: “From the start, it was clear that Digital ID and Connected ID share a commitment to innovation and customer success. This acquisition strengthens our solutions, expands our market presence, and enhances the overall customer experience. I’m excited to be part of this next chapter and look forward to driving new growth and opportunities together.” The acquisition boosts Digital ID’s headcount to 200 employees across five key locations in the UK and Europe.

Mansfield’s new specialist school reaches construction milestone

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A new school for children with special educational needs and disabilities (SEND) has reached its latest milestone. Nottinghamshire County Councillors and partners gathered at the former Ravensdale School site in Mansfield to mark the completion of the building’s main structure, with a roof also in place. To be known as Horizons Academy and run by Diverse Academies Trust, the purpose-built school will have capacity for up to 160 pupils across the seven to 19 years age range. Due to open by spring term 2026, it will provide a specialist learning environment for children with social, emotional, and mental health needs. The £30 million project is part of a wider programme being delivered by the county council to create up to 490 additional SEND school places by 2026. This will help address the growing demand for more specialist school places across the county. David Cotton, Diverse Academies Trust chief executive officer, said: “We were delighted to attend the structure signing for Horizons Academy and it was a rare opportunity to leave an indelible mark within the building structure for future generations to come. “It was also incredible to see how far the building works have progressed – Horizons is truly on track to deliver an exceptional learning environment for young people in the local community with special educational needs.” The school is being designed, project and cost managed by Arc Partnership, a joint venture between Nottinghamshire County Council and SCAPE, with construction being undertaken by Morgan Sindall Construction. Sara Williams, Deputy Managing Director at Arc Partnership, added: “Horizons Academy is a special project for us. Particular attention has been given to how the design supports the particular needs of these young people, considering their movement around school and accommodating sensory zones and calm spaces to better support the pupils. “It was great to celebrate the school’s progress and we look forward to seeing how it benefits pupils and the wider community.” As well as the build, the £30 million costs include additional costs such as furniture and equipment.

Event helps construction industry on journey to decarbonisation

Over 100 people from the local construction industry attended an event at The Museum of Making on Thursday 6 February. The event, hosted by Derby City Council, in partnership with SCAPE, aimed to give attendees a clear roadmap to decarbonisation. According to the latest data from DESNZ, 25% of the UK’s CO2e emissions come from the built environment. The event included an opening speech from Cabinet Member for Climate Change, Transport and Sustainability, Councillor Carmel Swan and an overview of the Council’s own ongoing journey to net zero as well as the role of procurement in delivering sustainable construction. The second half of the event focused on the practicalities of decarbonisation within construction and gave participants an opportunity to hear about the Supply Chain Sustainability School and The Carbon Reduction Code. The event supported the Council’s wider net zero ambition. With ongoing regeneration work across the city, the Council wants to ensure that the city develops with the climate and sustainability at the forefront of its ambitious plans. Councillor Carmel Swan, Cabinet Member for Climate Change, Transport and Sustainability, said: “It’s vitally important that we work alongside our construction industry and wider supply chain partners as they are key to being able to reach net zero, not just in Derby but the wider region and globally. “This event has given us the perfect opportunity to open lines of communication about decarbonisation and we’ll keep those conversations going.” Mark Robinson, Group Chief Executive at SCAPE, said: “We were delighted to support this event, which provided a crucial platform for Derby’s construction supply chain to engage with buyers and gain practical insights into decarbonisation. “The built environment is responsible for a significant proportion of the UK’s carbon emissions, so it’s vital that businesses at every level of the supply chain have the knowledge and support they need to deliver more sustainable projects. “By working together and accessing initiatives like the Supply Chain Sustainability School and the Carbon Reduction Code, we can drive real change and help ensure that the industry moves towards a low-carbon future.”

Nationwide Platforms empowers employees through apprenticeships

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This National Apprenticeship Week (10th – 16th February 2025), Nationwide Platforms is championing the value of lifelong learning through employees like Yetunde Adefila, a 40-year-old HR Business Partner who’s using an apprenticeship to sharpen her leadership skills and shape company HR strategy.

With an engineering background and a degree in computer science, she began her career in the technical sector. However, she soon realised she missed the human interaction element in her work, leading her to transition into HR in her late 20s. Since joining Nationwide Platforms as an HR Advisor three years ago, she has progressed rapidly, being promoted to HR Business Partner within a year.

While transitioning into her new role, Yetunde sought guidance from a mentor outside of work who recommended an apprenticeship to strengthen her leadership and strategic HR skills. Already holding a Level 7 qualification in HR Practices, Yetunde opted for a career-adjacent route, enrolling in a Level 5 Coaching Professional apprenticeship through KnowledgeBrief. Her apprenticeship is focused on coaching and influencing and takes 12 months to complete, involving online learning, bi-monthly meetings with a skills coach, portfolio development, and a final exam. Now two months in, she is already seeing improvements in her approach to HR strategy. “I absolutely love my role,” says Yetunde. “Every day is different, and I enjoy the gentle strategising that comes with it. HR is often the first place people turn to when they’re struggling at work. I want to be able to guide them effectively, balancing emotional support with strategic decision-making. I’m incredibly thankful for the opportunity to level up. I describe myself as a ‘certification freak’, but this apprenticeship is more than a qualification. It’s about applying frameworks in real-time and developing the soft skills that make a real difference. Balancing work, studies, and family life is no small feat, and Nationwide Platforms’ hybrid working policy has been crucial to maintaining this balance while still enjoying precious family time.”

Charlie Stanley, HR Director at Nationwide Platforms, said, “Nationwide Platforms champions internal career development through apprenticeships. By providing employees with the tools, flexibility, and support to advance their careers, the company is fostering a culture of continuous learning and growth. As we celebrate National Apprenticeship Week, Yetunde’s experience is a testament to the power of lifelong learning and the impact of investing in people. Nationwide Platforms is proud to play a part in helping employees reach their full potential, proving that career growth is always within reach.”

New Procurement Act set to reshape business operations

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The UK government will implement the Procurement Act 2023 on February 24, 2025, introducing changes to increase small business participation in public contracts. The government spends £400 billion annually on public procurement and has set a target to direct over £120 billion to small and medium-sized enterprises (SMEs). Only 11% of contracts are awarded directly to SMEs, rising to 24% when subcontracting is included.

A key change under the new Act is the introduction of a Central Digital Platform to replace and enhance the Find a Tender service. The platform will centralise supplier registration, store core business details for multiple bids, and improve visibility into public procurement opportunities. Suppliers can manage profiles, track procurement notices, and set up tender alerts. The platform will also capture procurement data for future analysis.

All suppliers seeking public sector contracts must register on the new platform, regardless of previous registration on Find a Tender or Contracts Finder.

Robin Hood Energy’s final liquidation report shows £50m unpaid debts

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The final liquidation report for Robin Hood Energy has confirmed that more than £50 million in debts remain unpaid, according to a report from the BBC’s Local Democracy Reporting Service.

The Nottingham City Council-owned energy company, established in 2015, collapsed five years ago. It left 347 claims from individuals and businesses totaling £67.1 million. Only £13.7 million has been repaid, with most creditors unlikely to recover their money.

An independent review showed significant governance failures, and the losses were a key factor in Nottingham City Council’s economic crisis. In November 2023, the council issued a Section 114 notice, signaling its inability to balance its budget.

Number of companies in Leicestershire hits record high

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New figures just published reveal that in 2024 the number of companies in Leicestershire was the highest ever recorded – in a year that presented a range of challenges for business.   During the last 12 months, registered companies grew to an all-time high of 78,116   –  up from 75,930 at the end of 2023 – and 11,209 new businesses were established in the county.  The statistics are taken from the Inform Direct Review of Company Formations, using data from Companies House and the Office for National Statistics. Leicester formed the most new businesses (5,801), followed by Charnwood (1,399) and Blaby (868).  John Korchak, Managing Director at Inform Direct, said: “It is really good news that Leicestershire can celebrate a record number of companies. The year undoubtedly presented a range of challenges for business with the uncertainty of the General Election, the introduction of new regulations and concerns over Labour’s first Budget in October which included the increase in employer National Insurance. World events also played a part in economic volatility with the US Election and instability in the Middle East high up on the list.  Despite all these factors, businesspeople in Leicestershire demonstrated great resilience and inspired leadership, evidenced in this successful result.”  The UK as a whole mirrored this trend with a record total of 5,637,210 companies, up from 5,476,772 at the end of 2023. There were 848,192 formations during the year and 690,501 dissolutions. 

Blueprint Interiors complete full interior design and fit out at Inizio’s new Ashby office

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Workplace consultancy Blueprint Interiors has completed a full interior design and fit out for Inizio’s new office in Ashby-de-la-Zouch. Inizio, a commercialisation partner that specialises in healthcare, was formed in 2022 out of the combination of Ashfield Health and Huntsworth, under private equity firm Clayton, Dubilier & Rice (CD&R). Ashfield Healthcare opened its first office in Ashby-de-la-Zouch back in 2002. Marking a new chapter for Inizio in the region and continued investment in people and communities across the UK, the company took the lease of Excelsior House on Excelsior Road, just off junction 13 of the M42. With 18,000 sq ft across two floors, Blueprint Interiors were briefed to create a workspace that integrated teams, enabled collaborative working, offered creative and flexible spaces, and a place Inizio could welcome clients. The space now includes areas for diverse working styles and activities, such as hot-desking areas for collaboration and interaction across teams and departments, private spaces for focused work and confidential conversations, and a state-of-the-art control for hybrid and virtual events. In line with the company’s core values, the project had clear sustainable goals. The building’s EPC A rating was maintained, existing furniture was repurposed, and recycled products made from ocean plastic were installed. Other features of the fit out included exposed ceiling designs, sustainable bespoke furniture pods and meeting rooms named after Ashby’s traditional trades, such as Smithy, Forge and Cooper. Kate Kelly, Managing Director UK & Ireland at Inizio Engage, said: “The new office has truly transformed how we work. It’s an engaging, sustainable space that brings our Inizio Engage teams together and adapts perfectly to our evolving needs. Every detail reflects our unique culture and values, creating an environment where our people want to spend time because they feel empowered to succeed.” Chloe Sproston, Creative Director at Blueprint Interiors, said: “Having worked with Ashfield Healthcare before it became Inizio, it was fantastic to be supporting them again on their impressive new office space. Just six minutes from our own HQ, the Inizio team were pleased to have sourced a local partner, echoing its sustainable and community focusses. “After immersing ourselves in the Inizio business and culture, we interviewed stakeholders to gain a view of the company’s aims and ambitions. With a clear sense of the project goals, we set to work to create a dynamic workspace that met the needs of the evolving business. “The space we designed brings people together and reflects the culture of the teams based out of the Ashby-de-la-Zouch location. With areas for different styles of working and socialising, alongside sustainable practices, Inizio has a workplace which enhances its wellbeing, diversity and inclusion and environmental policies.” As fit out designer, supplier and main contractor, Blueprint Interiors worked alongside Gleeds as project manager. Emma Wiggin, Director at Gleeds, said: “We were pleased to provide project management services on this exciting new space for Inizio. It was fantastic to work alongside them and other project partners to help achieve their ambitions for an office that truly serves their purpose. It was also great to lead on the delivery of a project that prioritised circularity, which aligns with Gleeds’ focus on sustainable practices in construction.”

Derby ICT company appoints Sales Manager to grow presence in SME sector

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Derby-based IT and telecoms support company, Link ICT has appointed Keith Smith as Sales Manager in order to grow its presence in the SME sector. Link ICT already has a well-respected reputation for providing IT Support Services to the education sector where its sales proposition includes providing an IT engineer on site on a set day and time to resolve IT problems and ensure end users enjoy the best experience. The appointment of a Sales Manager follows the company’s recent move to new offices within Pride Park and a strategic plan to significantly increase the number of IT support retainers with East Midlands businesses. Keith, who lives in Derby, holds an MPhil in Leadership & Coaching, an MA in Communication Science, a Postgraduate Diploma in Business Administration, and a BCOM in Marketing. He has a Diploma in Modern Applied Psychology and various certificates, including Counselling Skills, Digital Marketing, Sales Mastery, and Strategic Sales Management to his CV. During his career, Keith has held leadership positions where he’s built and nurtured high-performing teams and developed strategic initiatives that deliver measurable success. His previous experience includes Chief Sales Officer for software provider d6 Group, where he led a team of over 70 professionals, significantly increased global sales revenue from £12m to £33m and expanded international market presence. As National Sales Manager at training provider Pearson, he developed and implemented strategies that achieved consistent annual growth, driving revenue from £110m to £174m over six years. Link ICT Managing Director Mark Fryers said: “Our business recently celebrated its 20th anniversary, and as part of our ongoing strategy of progressive growth our aim is to increase our portfolio of companies in other sectors that rely on IT to operate profitably. Keith has an impressive track record in sales and his leadership skills will be a great asset to the management team.” As Sales Manager at Link ICT, Keith will be working closely with SME clients to understand their unique ICT needs and provide tailored solutions that enhance their operations and overall efficiency. Commenting on his role Keith said: “A key part of my role will be to develop and execute strategic initiatives, ensuring that we continue to deliver exceptional service and strengthen our position as a trusted partner for SMEs. I’m especially looking forward to collaborating with our clients, helping them unlock their potential and achieve their goals.” He added: “I was drawn to Link ICT because of their incredible values, which align closely with my own, and their exceptional service offerings. It’s clear that they genuinely care about their clients, and this is reflected in the outstanding feedback they receive. “Knowing that I can contribute to a company with such a strong reputation and passionate team is incredibly exciting. I’m confident that my experience in team leadership and strategy development will enable me to make a meaningful impact.” Outside of work, Keith is deeply passionate about psychology and leadership, and enjoys socialising to build connections, share experiences, and learn from others. Keith has also served as a volunteer firefighter and believes the role helped to develop his courage and teamwork skills, whilst also teaching resilience, empathy, and the value of stepping up when it matters most.

Listed Midlands companies record highest number of profit warnings since 2022

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Listed companies across the Midlands issued 37 profit warnings in 2024, a 19% (six) year-on-year increase, according to the latest EY-Parthenon Profit Warnings report. In Q4 2024, 13 warnings were issued by companies in the region, four more than Q3 and the highest quarterly total since Q4 2022, when 14 warnings were issued. In the Midlands, companies within the FTSE Consumer Discretionary sectors issued the highest number of profit warnings in Q4, totaling nine. This trend has been consistent throughout 2024, with Consumer Discretionary sectors accounting for 54% of all profit warnings (20 warnings in total). Dan Hurd, a Partner at EY-Parthenon in the Midlands, said: “Cost pressures caused by uncertainty continued to drive an increase in profit warnings in 2024, particularly within the region’s retail sector. “As concerns about how rising costs, driven partly by increases in National Insurance and national living wage, become a reality, it is important that businesses look at how they can offset these increases through efficiency savings or price adjustments. “A weaker-than-expected end to 2024 means that UK economic growth in 2025 will be slower than previously predicted. EY’s ITEM Club Winter Forecast predicts that GDP will likely struggle to accelerate beyond 1% in 2025, however real incomes should continue to rise as interest rates fall, leaving consumers more confident and likelier to spend.” One in five UK-listed companies issued a profit warning in 2024 Across all sectors, one in five (19%) UK-listed companies issued a profit warning in 2024, the third highest annual proportion in 25 years, behind only the 2020 pandemic (35%) and the impact of the dot-com bubble burst and 9/11 in 2001 (23%). By the end of 2024, 274 profit warnings had been issued – including 71 in Q4 – down slightly from the 294 issued during 2023. The leading factor behind profit warnings in 2024 was contract and order cancellations or delays, cited in 34% of warnings, including 39% in Q4 – the highest quarterly percentage for this reason in more than 15 years. Increasing costs triggered nearly one in five (18%) warnings in the last 12 months. Jo Robinson, EY-Parthenon Partner and UK&I Turnaround and Restructuring Strategy Leader, said: “It’s clear that companies have faced an extraordinary succession of forecasting challenges since the pandemic, contending with interconnected disruptions to supply chains, material and energy costs, and the labour market, as well as higher interest rates. “2024 was also an exceptional year for global geopolitical uncertainty and policy upheaval, with a record level of profit warnings linked to contract and spending delays as businesses held back from recruitment and investment. As a result, companies’ forecasting strategies need to respond to both short-term policy changes and deeper structural issues. “Ordinarily, a sustained increase in company earnings pressures would be followed by a significant rise in insolvencies. But this cycle has been different. The availability of cheap, long-term debt and pandemic support provided breathing space for both businesses and stakeholders to explore consensual solutions and new restructuring options. “However, more companies are now reaching a tipping point as cumulative pressures build. We don’t expect a huge uptick in insolvency levels in 2025, but we are now seeing more distress, and more stakeholders viewing insolvency processes as a real option in finding the best path forward. “While the pace of profit warnings has eased slightly in early 2025, we’ve seen the recruitment sector continue to grapple with a downturn in activity across key geographies and sectors, before the increases in employer National Insurance Contributions and the National Living Wage take effect. Across the board, the road ahead remains rocky with challenges around trade, geopolitics, interest rates, and more.”

Plans for a new rail freight in Leicestershire

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Tritax Big Box Developments (TBBD) has made a further submission to assist the Secretary of State in making a decision on a Development Consent Order (DCO) application for Hinckley National Rail Freight Interchange (HNRFI), a major strategic rail freight interchange project in Hinckley, Leicestershire. The project, when complete, is projected to generate between £329million and £406million per year in Gross Value Added (GVA) to the UK economy. The submission comes a week after Government outlined a series of major infrastructure initiatives aimed at revitalising UK plc.   Tritax Big Box Developments has referred to the project as a “once in a generation opportunity to deliver a major infrastructure project, which has rail freight, sustainability and economic growth at its core.”   HNRFI is supported by Maritime Group, the UK’s leading integrated road and rail freight logistics provider, which signed an exclusive agreement with Tritax Big Box Developments to develop, lease and operate a 40-acre Strategic Rail Freight Interchange. Once in operation, the rail freight interchange will be capable of handling 16 trains per day when fully operational. At full capacity, the SRFI will remove more than 83 million HGV miles from the UK road network. The significant volume of goods switched from road to rail could save around 70,120 tonnes of CO2 each year.   The creation of HNRFI would bring forward:  
  • Over £800m of private sector money invested into delivering major infrastructure, providing direct employment
  • New southern slip roads for M69 J2, making this junction fully accessible for both northbound and southbound traffic
  • New link road between M69 J2 and A47, alleviating traffic from Hinckley and Burbage
  • Up to 850,000 sq m (9.1million sq ft) of modern, rail-served, warehousing and logistics space
  • Creation of c.8,000 jobs of all skill levels
  • Improvement of road junctions near the development
  • Fully funded additional bus services which will serve local areas and the development
  • Improved cycling routes serving the development and surrounding area
  • At least 10% Biodiversity Net Gain (BNG)
  • 50 acre extension to existing Burbage Common amenity space, including planting nearly 20,000 new trees
  “Few developers have the funding, capability and expertise to deliver a project of this scale and complexity,” explained Andrew Dickman, Managing Director at Tritax Big Box Developments. “We are fully committed to the project in the knowledge of the major economic and social benefits it will bring to the country’s future economic prosperity, and its impact on growth in the wider UK economy.”   Dickman continued: “We’re pleased to provide further information to assist the Secretary of State in making her decision on the development, and have made a number of significant improvements, including committing additional funding for key areas highlighted in the Examining Authority’s recommendation report. This project is very much in line with the Government’s understanding of the value private investment into infrastructure in the UK economy and would boost the government’s growth agenda.”

Good performance in a challenging environment for Dunelm

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Dunelm Group, the Leicester-based homewares retailer, has hailed a “good performance and strategic progress in a challenging environment” in newly released interim results for the 26 weeks to 28 December 2024.

The business saw total sales of £893.7m, up from £872.5m in the same period of the prior year, with sales growth of 2.4% driven by volume.

Profit before tax, meanwhile, reached £123.2m, increasing from £123m.

Nick Wilkinson, Chief Executive Officer, said: “Our performance over the first half reflects the growing attraction of the Dunelm offer for a wide range of customers, and the quality and resilience of our business model.

“Amidst a challenging backdrop for retail, those attributes have helped us deliver increased sales, a strong gross margin, and both customer and market share growth.

“We have also pressed ahead with our strategy. Whether our customers prefer maximalist prints or neutral plains, the elevation of our product is apparent through the diverse range of styles on offer for all tastes, with quality once again endorsed through the awarding of a Royal Warrant to our Dorma brand.

“Our thriving total retail system is connecting that product with more customers, and we saw further growth in our increasingly personalised digital channels, as well as some exciting firsts for our store portfolio; we arrived in inner London at Westfield, acquired 13 stores in Ireland, and we will open our 200th store in the second half.

“As ever, whilst pleased with our results, we are eager to move faster and with greater purpose. Customers love Dunelm, but we can grow to become a destination for more customers, across more categories, more of the time.

“With our dedicated colleagues, who have shown incredible adaptability in a difficult trading environment, this gives us a renewed confidence in unlocking our full potential as The Home of Homes.”

The results come as Wilkinson has revealed his intention to retire from Dunelm and full-time executive life, following seven years in the role.

Alison Brittain, Chair of Dunelm, said: “Nick has been a tremendous leader for Dunelm and amongst his many achievements, he has successfully guided the Group through a global pandemic, driven a step-change in the digital offer, established strategic capabilities across the business including in tech and data, and maintained the unique, entrepreneurial culture which makes Dunelm so special.

“Nick will continue to lead the business over the coming months as we transition to a new CEO, maintaining a focus on delivering long-term, sustainable growth for all stakeholders.” 

Administrators launch sale process for Northamptonshire luxury yacht-builder

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The Joint Administrators of Fairline Yachts, a luxury yacht manufacturer, have secured funding for the business and are seeking a buyer to take the brand forward. The additional funding, provided by its existing specialist lender DF Capital, will enable the business to continue the production and sale of its yachts for customers worldwide and retain its 250 employees.
Founded in 1967, Fairline Yachts has built a reputation for crafting best-in-class yachts for its customers, with whom it has established long-term relationships. The company has four yacht ranges, from 33 ft to 68 ft models, which are sold globally both directly and via local dealerships. Fairline’s expert team of 250, based across two sites in Oundle and Suffolk, include highly skilled craftsmen with deep experience in the industry. The Administrators are now encouraging any interested parties to contact them to discuss the opportunity to acquire one of the yacht industry’s most recognisable brands. Michael Magnay of Alvarez & Marsal, Joint Administrator to Fairline Yachts, said: “Fairline Yachts is an iconic brand with a committed and passionate team of experts who have established deep relationships with dealers and end customers over many years. “The business is known throughout the world for the quality of its craftsmanship and the innovative design of its yachts. We expect that it could have broad appeal, to international investors as well as domestic. We encourage interested parties to make contact with us to discuss the opportunity to acquire this exciting business.”

Works to begin to redevelop sheltered housing complex

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Works to redevelop a sheltered housing complex in Thurmaston into nine new bungalows will begin in February. Charnwood Borough Council has chosen Leicestershire-based construction company Mercer Building Solutions to undertake construction of the redevelopment. The first phase of the £2m investment project will be the demolition of the existing buildings, which will take place in late February. The development is expected to be completed in early 2026. The proposed bungalows have been designed for people with mobility issues. St Michael’s Court was built around 1970 and no longer meets the needs of older tenants. The complex comprised mainly of bedsits with shared bathrooms which are difficult to let. The ageing sheltered accommodation also had long corridors which are difficult for people with mobility issues. Cllr Colin Hamilton, the Council’s lead member for planning and housing, said: “I am pleased that the new contract with Mercer Building Solutions is in place, and we look forward to working with them on this important redevelopment. “It will be exciting to see the creation of nine new bungalows in Thurmaston, and I am positive that the team at Mercer will deliver excellent accommodation for residents and provide them with a high-quality standard of living.” Katy Mercer, Director of Mercer Building Solutions, said: “We are delighted to be working with Charnwood Borough Council to deliver nine new bungalows designed specifically for people with mobility issues. “This project reflects our commitment to delivering much needed accessible, high-quality homes. “We are incredibly proud to be part of this important initiative and look forward to seeing these homes provide a safe and supportive environment for their new residents.”

Dedicated Nottinghamshire apprentice travels 161 miles to complete apprenticeship programme

A Nottinghamshire apprentice who battles a six hour journey to complete his apprenticeship training, part-based in Newcastle, has spoken about his career transformation after enrolling on the course.

21-year-old Riordan ‘Rio’ Keetley is currently undertaking a Level 2 Bricklaying apprenticeship at the National House Building Council’s (NHBC) Training Hub in Scotswood, Newcastle. Rio travels the 161 miles for his training block weeks to the Training Hub by train from his home in Nottingham to pursue his career and achieve a nationally recognised qualification.

Before starting his apprenticeship in March last year, Rio worked a number of jobs, including being a waiter, a hospital cleaner and a CCTV operator but he was left feeling unsettled about his future.

Rio chose the apprenticeship route over traditional college or university education because he wanted to learn a practical skill that would serve him for life. He explains: “Construction has always interested me but I struggled to find an apprenticeship initially. I finished school during lockdown and the restrictions meant opportunities were limited.

“I took on various jobs in the meantime, becoming a bit of a jack-of-all-trades. Then, a family member told me about apprenticeship opportunities at Keepmoat, and I knew this was the chance I had been waiting for.

“The apprentice programme with a reputable house builder such as Keepmoat was exactly what I needed. It’s really rewarding to learn a valuable skill, help the community, and know I’m building a great future for myself. The travel is a small price to pay for such an amazing opportunity. I’m excited to see where this career takes me.”

Rio’s apprenticeship includes tailored and immersive training at the NHBC Training Hub, covering both theory and practical skills before working on site. Rio is developing his skills at Park View, a Keepmoat development in Gedling, Nottinghamshire which will deliver 400 homes.

He adds: “I enjoy the physical nature of the job and knowing that what I’m doing is making a difference. It’s satisfying to watch the hard work pay off and use my NHBC industry leading training to see something built the right way by a hard working team. My apprenticeship has given me confidence, independence, and a clear path forward. I’m proud of myself and what I’ve accomplished so far.”

Geoff Scott, Social Value Manager at Keepmoat, comments: “The team is extremely pleased with Riordan’s progression throughout his apprenticeship. He’s a great team player, who is both dedicated and hard working. Our apprenticeship schemes are a testament to Keepmoat’s commitment to delivering key skilled workers into the talent pipeline in the face of a skills shortage.

“It is a privilege to see our apprentices thrive in their roles and become part of the next generation of much-needed bricklayers and we look forward to seeing them progress and succeed in the industry.’’

Roger Morton, Director of NHBC’s apprentice training programme and hubs, said; “It’s fantastic to see how Riordan is thriving at the NHBC Training Hub in Newcastle. Our hubs are not only creating a local supply of talent for the house-building industry but also making a significant positive impact on the lives of apprentices.

“Bricklaying is at the heart of house building and is a vital skill. Through our existing training hubs and our £100 million investment in a national network of 12 new multi-skill hubs, NHBC is committed to supporting the next generation of housebuilders. Our industry-leading, recognised training equips apprentices like Riordan with the skills he needs to deliver high-quality new homes.

“By immersing apprentices in real site conditions from day one, we fully prepare them for life on site. Quality drives everything we do and our tailored approach is enabling Riordan and other apprentices to qualify in just 14 to 18 months, with many achieving distinctions. That’s nearly twice as fast as traditional education routes, which can take up to 30 months.”

Demand conditions in the East Midlands soften as 2025 begins

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Latest Regional Growth Tracker survey data from NatWest signalled a renewed decline in business activity at the start of 2025 amid subdued demand conditions. The headline NatWest East Midlands Business Activity Index registered at 49.8 in January, down from 50.7 in December, to signal a renewed fall in output at firms in the region. The decrease in activity was the first seen since July 2024, albeit only fractional overall. Panellists noted that subdued demand conditions drove the decline, as new orders fell again. Nonetheless, East Midlands firms remained confident of a rise in output over the next year. Average cost burdens faced by firms increased at a sharper pace in the opening month of 2025. Higher input prices were linked to greater wage bills and increased energy tariffs. In a bid to protect margins, East Midlands firms raised their selling prices during January. The pace of charge inflation picked up to the fastest since December 2023 and was sharper than the series average. Panellists sought to pass through greater costs to customers. Lisa Phillips, Regional Managing Director, Midlands and East, Commercial Mid Markets, said: “Whilst the opening month of 2025 saw a challenging demand environment for East Midlands firms, the region started the year in a more stable place than other parts of the country, however. “Businesses remained upbeat in their outlook for the coming year. “Encouragingly, firms were able to pass through some of the increase in costs to their customers, via higher selling prices. Inflationary pressures were strong, but nonetheless, input price and output charge hikes in the region were less marked than at the UK level. “The Bank of England’s interest rate cut last week means that policy is now less restrictive, with further loosening expected in the year ahead.” Performance in relation to UK The fall in output at firms in the East Midlands was only fractional, but contrasted with a marginal increase in activity seen at the UK level. Panellists noted that subdued demand conditions drove the decline, as new orders fell again, and at the fastest pace since June 2024. Lower new orders were often attributed to weak customer confidence amid challenging economic conditions, and the resulting efforts by clients to reduce costs. The fall in new orders was stronger than the UK average, meanwhile. Nevertheless, businesses were positive in their expectations regarding the outlook for output over the coming year in January. Optimism among companies reportedly stemmed from new product development, investment in new facilities and hopes of stronger demand conditions. That said, the degree of confidence slipped from that seen in December. Of the 12 monitored UK areas, only the West Midlands and London were more upbeat regarding their prospects. Meanwhile, anecdotal evidence suggested that lower employment was due to reduced new order inflows and cut-backs to temporary and part-time workers. The rate of contraction was strong and the second-fastest since September 2023. The pace of decline was broadly in line with the UK average, however. At the same time, companies in the East Midlands depleted their backlogs of work at the weakest rate in three months at the start of the year. Panellists stated that subdued demand conditions enabled them to work through incomplete business. Although sharper than the long-run series average, the pace of decline was slower than the UK average. Cost burdens rose at a quicker pace in January. The rate of input cost inflation was historically elevated and the fastest since April 2024, albeit just below the UK average. Subsequently, firms raised their output charges in January, although the rate of increase in selling prices was slightly less marked than the UK average.

Aggregate Industries makes contracting business MD

Aggregate Industries has appointed Kevin Murgatroyd as MD for its contracting business. HIs promotion follows more than two years with Aggregate Industries, having . He joined the business as Regional Director for the South in 2022, managing ten Asphalt plants and the southern contracting business. Since April last year he has had overall responsibility for the Contracting division and its circa 400 employees. The MD role will now see Kevin lead on the business’ strategy development, maintaining key customer relationships with National Highways and other tier one and two contractors, as well as ensuring strict compliance to sustainability targets. He said: “I’m delighted to have taken up the role of Managing Director for Aggregate Industries’ Contracting business and stepping up to the Executive Committee. Having joined the company two years ago, I can already see the incredible work Aggregate Industries offer to its customers, not only in the services and products we provide, but doing so sustainably. “To work for a company that has such a clear desire to do better for the planet, in a traditionally carbon-intensive industry is really exciting, and there’s so many strides we can take in the Contracting business especially to lower our carbon footprint in our transportation and the products we supply. I’m thrilled to be on this journey with them.” CEO Lee Sleight said: “Kevin has a proven track record in leading the operations for a number of high-profile companies, and at the same time demonstrating significant growth and improved profit margins. Since joining us in 2022 he has shown incredible leadership skills and strategic thinking and is so very deserving of his promotion to Managing Director for our Contracting business. I look forward to working with him closer as he joins the Executive Committee at an incredible time of growth for Aggregate Industries.”

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