Chamber opens first quarterly economic survey of 2025
Performance in sales and orders, challenges in hiring staff and anticipated profit are among insight to be reported by the region’s businesses as East Midlands Chamber opens its first Quarterly Economic Survey of 2025.
Business leaders from multiple sectors are being urged to share experience and expectations for the months ahead across areas ranging from investment intention to future pricing.
Corporate taxation, inflation and business rates were the greatest concerns of businesses in the most recent survey, conducted after the Chancellor’s Autumn Budget.
Compiled from a combination of measurable data and sentiment, the Chamber’s Quarterly Economic Survey is a key indicator of challenges and opportunities identified by East Midlands businesses. The findings are recognised by economists, the Bank of England and the government.
East Midlands Chamber Director of Policy and Insight Richard Blackmore said: “The last Quarterly Economic Survey painted an alarming picture – an almost total turnaround in all measures, with nearly all the data tracking business performance and projected growth pointing in a negative direction. Businesses reported significant drops in sales and orders, both within the UK and overseas; the number of businesses saying they plan to pull back on recruitment doubled and there was a huge fall of 38% in businesses expecting to make a profit.
“When businesses are in a good place, they tend to cite competition as one of their primary concerns and will often have plans to spend on things like machinery or increased headcount. Those are signs of healthy, confident operation. In the last survey, we saw protective measures taking shape, with investment plans stalling and corporate taxation, inflation and business rates soaring to the top of reported worries. Reeling from the tough announcements made in the Autumn Budget, requiring firms to prepare for higher costs from April this year, the picture seemed to be a general tightening of the belt.
“Tracking the changing experience of East Midlands businesses is vital and having a wide range of respondents provides the most useful results. This is the first Quarterly Economic Survey of 2025 and I’d urge businesses of all sizes to take a few moments to share their experiences and expectations for the months ahead.”
Construction Skills Hub launches degree level apprenticeship
The Construction Skills Hub has launched a new degree level apprenticeship programme to help people access the skills they need for a great career in Chesterfield.
At the Hub students will be able to undertake an apprenticeship and earn a degree in Construction Management, Quantity Surveying or Civil Engineering from the University of Derby.
The Construction Skills Hub, funded through the Staveley Town Deal, is run in partnership between Chesterfield Borough Council, Chesterfield College and the University of Derby.
Currently more than 40 students are studying on the site earning trade-based qualifications in things like groundworks, brickwork, joinery and more through Chesterfield College.
Councillor Tricia Gilby, Leader of Chesterfield Borough Council and Vice Chair of the Staveley Town Deal Board, said: “It is fantastic that this qualification can now be delivered through the Construction Skills Hub – for our economy to grow we need to build, and I know this facility will help create the next generation of skilled construction workers.
“Apprenticeships offer a great opportunity for anyone to develop their skills whilst also earning, and it was important that through the Construction Skills Hub we can support apprenticeships that offer higher level skills.
“I look forward to welcoming the new students to the site when they begin their studies in September.”
The launch of the new degree apprenticeship programme coincides with National Apprenticeship Week – a chance to celebrate apprenticeships and recognise the important role they play in helping to develop skills for life.
Professor Chris Bussell, Pro-Vice Chancellor and Dean of the College of Science and Engineering at the University of Derby, said: “The University of Derby is delighted to be in partnership working with Chesterfield College and Chesterfield Borough Council, to deliver real-world applied learning through apprenticeships across the construction sector. The Construction Skills Hub provides fantastic opportunities for learners to gain valuable qualifications in construction management, quantity surveying and higher-level construction skills.
“The University of Derby has vast experience in delivering apprenticeships with the recent OFSTED provision highlighting many of the good aspects of our provision. Apprenticeships provide an excellent opportunity for people to earn whilst they learn and to achieve qualifications through to degree level that will provide them a strong basis for a successful career in their chosen field.
“Working closely with industry, as we are through the Construction Skills Hub, is a strategic priority for the University and we are delighted to be working across Chesterfield to provide multiple opportunities to learners.”
Midlands businesses struggling to secure additional funding required to support growth
New research from business and financial adviser Grant Thornton UK LLP reveals that while many companies in the Midlands anticipate needing extra funding for growth this year, most expect a struggle to secure it.
The firm’s research, which surveyed 800 businesses in the UK, finds that 70% expect that they’ll need to apply for additional funding this year. The most common amount expected to be needed was between £10m – £25m. The top reasons noted for this extra funding are to ‘invest in new premises or equipment’ and to ‘invest in R&D or new service offerings’.
Over one quarter of those who required funding also said that it would be needed to manage challenges in the market, including to ‘support liquidity requirements linked to challenging trading conditions’ (29%) and to manage the impact of ‘increasing employment costs’ (26%).
However, many businesses do not anticipate it will be easy to secure the extra funding their business requires. In fact, over two thirds (68%) said that their business is currently finding it hard to access new sources of funding.
The majority (69%) are utilising alternative lending sources, with the number of businesses who would consider funding from alternative funding sources (82%) such as asset-backed loans or specialist credit funds, or a debt fund, being the same as those who would consider a traditional bank loan (82%).
Larger businesses are also much more confident that their existing lender would support their additional funding needs (92%) compared to the medium-sized businesses surveyed (80%).
They are also found to have more flexibility with the funding sources available to them, with 83% of larger businesses prepared to move to a new lender that may be more expensive but offered better terms, compared to 68% of medium-sized businesses.
This may reflect the fact that medium-sized businesses’ confidence in their funding position has been on a steady decline throughout 2024 and remained stagnant in December, at -9 percentage points (pp) lower than the start of the year.
A lack of funding is also found to be constraining all businesses’ abilities to boost their productivity levels. Of the 68% who noted this as an issue, the biggest barriers they are facing when accessing new funding sources are:
- The complexity or length of the funding application process
- Regulatory barriers or compliance requirements
- Limited availability of affordable financing options
- Improve partnerships with private financial institutions to expand access
- Implement policies that incentivise private investment in local businesses
- Enhance tax incentives for private investors in high-growth sectors
Marked fall in number of permanent staff appointments in the Midlands
The latest KPMG and REC UK Report on Jobs survey, compiled by S&P Global, saw the number of permanent staff placements fall for the eighth consecutive month across the Midlands at the start of 2025.
The decrease was marked and softened only slightly from that seen in December. Temp billings meanwhile, rose only fractionally as the rate of increase eased to the softest in the current ten-month sequence.
Demand for staff was contracted, as vacancies for both permanent and temporary roles reduced during January, with the latter seeing the steepest fall since May 2020.
On the pay front, permanent salary inflation gained momentum for the second month in a row and was at a four-month high. Similarly, temp pay rates rose at the quickest pace since last October.
The KPMG and REC, UK Report on Jobs: Midlands is compiled by S&P Global from responses to questionnaires sent to around 100 recruitment and employment consultancies in the Midlands.
Eighth consecutive decrease in permanent staff appointments
The number of staff placed into permanent roles fell across the Midlands in January, extending the current sequence to eight months. Recruiters linked the sustained reduction to a lack of demand from clients as well as reports of recruitment freezes in response to upcoming changes in employment law.
All four monitored English regions saw permanent placements fall in January, with the Midlands seeing the second-softest decline, after London.
January data saw the number of billings received for temporary staff employment broadly stall across the Midlands. The seasonally adjusted Temporary Billings Index was only just above the neutral 50.0 threshold, as recruiters mentioned a lack of jobs coming through agencies. Although fractional, the Midlands was the only region to post a rise in temporary billings.
Latest data pointed to an eighth consecutive monthly decrease in demand for permanent staff in the Midlands. The pace of reduction eased slightly but remained robust overall. Of the four monitored regions, only London saw a softer fall in vacancies than the Midlands.
Temp vacancies fell for the fifth month in a row in January. The decrease was sharp and the most severe since May 2020. Nevertheless, the downturn was the softest of the four monitored English regions.
Permanent staff availability rises at softer yet still marked rate
Adjusted for seasonal factors, the Permanent Staff Availability Index signalled a twenty-second consecutive monthly increase in permanent candidate numbers in January. There were reports that the uplift in staff supply was linked to a rise in redundancies. The rate of increase was marked but the least prominent in three months. The rise in the Midlands was the strongest of the four monitored regions.
Temp staff availability across the Midlands picked up again at the start of 2025, extending the current sequence to 21 months. Recruiters mentioned a lack of temporary contracts being available which pushed candidate numbers higher. The rate of growth in temp staff supply slowed from December and was the softest since last August.
Starting salary inflation gains momentum in January
Recruiters across the Midlands continued to record an increase in starting salaries for permanent workers in January, thereby stretching the current sequence of uplifts which began in March 2021. Some panellists mentioned that the rise was due to higher salary offers to attract suitably skilled staff. The rate of starting salary inflation strengthened from the previous survey period to reach the highest since last September.
The Midlands recorded the strongest salary growth of the four monitored English regions.
Average hourly pay for short-term staff rose for the second time in as many months at the start of the year. Where temp wages increased, anecdotal evidence suggested the rise was due to a shortage of skilled staff. The rate of increase was solid, and the steepest for three months.
Kate Holt, People Consulting Partner at KPMG in the Midlands, said: “Businesses in the Midlands are maintaining a highly cautious approach when it comes to making permanent hires, and the eight-month trend of declining appointments is likely to be extended until the new tax year at least.
“Growth of temporary billings in the region have also stalled, in a clear sign that the impending employers National Insurance rate rise alongside ongoing economic pressures are weighing heavy on employers’ confidence.
“Wage increases also continue to dominate the local market, with starting salaries for both permanent and temporary staff in the Midlands now escalating above the national average. As employers are forced to offer higher starting salaries to attract and retain talent, this will only serve to exacerbate wage inflation further. All this points to the Midlands job market remaining challenging throughout 2025.”
Neil Carberry, REC Chief Executive, said: “Businesses entered the year uncertain on the growth path, and that has driven a ‘wait and see’ approach to hiring. Around the country, REC members report that clients have plans and are hopeful for the year ahead – but firms are slowing investment until they see more momentum in the economy.
“This explains why temporary staff employment broadly stalled across the Midlands, although the Midlands and London had softer declines in permanent hiring than elsewhere in England, however.
“Last week’s move on interest rates was timely as a way of boosting confidence. The more central role of growth in Government thinking since the Chancellor’s speech last month will also help. But it takes time, and real action, to build business confidence.
“An autumn of fiscal gloom, difficulty navigating significant upcoming tax rises and little progress on the practicalities of a costly new approach to employment rights are all acting as brakes on progress. As well as the monetary stimulus to growth, it’s time for greater clarity on how the Government will use its industrial strategy to drive the growth of the whole economy.”
Light Science Technologies signs deal with US agri-giant
Light Science Technologies Holdings (LSTH) has signed a new distribution deal that could expand the Derbyshire-headquartered firm’s reach in the UK and Europe.
The agreement with Agrolux, a global horticulture lighting supplier, gives LSTH exclusive rights to sell its partner’s LED lighting system in the UK and Ireland under the ‘Agrolux presented by Light Science’ brand.
There’s also potential to take the partnership further into Europe over time.
For growers, this means more options when it comes to energy-efficient lighting. LSTH will offer Agrolux’s LED Wega product line alongside its own nurturGROW sustainable lighting range, combining these with its sensor and installation services.
The deal strengthens Light Science’s position in the controlled environment agriculture market, where it already has a growing pipeline of potential projects.
If all goes well, the partnership could work both ways, with Agrolux eventually selling Light Science products through its global network.
The initial pipeline of quoted projects in the UK and Europe stands at over £10 million, with Light Science aiming to convert these opportunities by leveraging Agrolux’s 20 years of expertise in agronomy.
Agrolux is part of Gavita International, which is owned by Scotts Miracle-Gro, a major player in the lawn and garden industry with a market cap of $3.9 billion.
“We are delighted to have established this distribution agreement with such a prestigious partner that is part of the Scotts Miracle-Gro group,” said LSTH Chief Executive Simon Deacon.
“The opportunity to work with Argolux and provide an expanded product range to existing and new clients provides an exciting opportunity for us to target a wider end audience.
“This partnership presents significant potential future benefits for us to expand our global presence and reach as we work on complementary opportunities.”
Small firms call for £3k incentive to help them take on apprentices
Increasing the financial incentive for small businesses that employ an apprentice could help encourage more to do so, according to new data from the Federation of Small Businesses (FSB).
To mark this year’s National Apprenticeship Week in England, which starts today (Monday 10 February), the business group has released statistics that found almost half (47%) of small business employers say reintroducing a £3,000 incentive would encourage them to take on apprentices.
Of those small firms that currently employ an apprentice, almost three quarters (73%) say the financial incentive could mean taking on more in the future.
Currently, employers are given £1,000 when they hire an apprentice under 19 years old. FSB is calling on Government to use the summer’s Spending Review to update this to a £3,000 incentive for those hiring an apprentice under 25 years old, exclusively for SMEs.
FSB data also highlighted that 36% of small business employers who currently employ apprentices say reduced admin or paperwork would encourage them to take on more. FSB wants Government to introduce a standardised way of tracking both on and off the job training that apprentices do. This is currently done by apprenticeship providers, all of which have differing approaches, creating more work for employers.
Latest Government statistics show that although the number of apprenticeship starts has increased overall, lower-level apprenticeships, which are traditionally done by smaller firms have fallen. More needs to be done to encourage more small firms to take on entry-level apprentices.
FSB is calling on Government to set targets to increase the number of apprenticeship starts in small businesses across the parliament.
Tina McKenzie, FSB Policy Chair, said: “National Apprenticeship Week is a great opportunity to shine a light on all the fantastic small businesses out there that currently employ apprentices – nurturing their skills, while at the same time growing their business.
“Our members who employ apprentices often tell us how they help fill skills gaps in their team, and also bring in fresh new ideas.
“We’d love to see the starts numbers increasing and more small firms taking on apprentices, particularly at the entry-level. Our research shows what a difference bringing back the £3,000 incentive, which was briefly introduced during the pandemic, would make to the numbers. The Government has an opportunity to make a difference on this at the Spending Review in June.
“With so many struggling with the admin side of taking on an apprentice, it’s clear time and resources are in short supply for small businesses, most of which don’t have a separate HR team. Providing financial incentives would help to offset this.”
WBR Group further strengthens market position with strategic hires
WBR Group, the independent provider of SSAS administration and tax advisory services, has appointed three new members to its sales team.
Charlie Dewey joins as Director of Distribution with Nick White and James Cannon joining as Business Development Consultants. They join Alan Godbeer, SSAS Sales Director who has been with the firm for 15 years and has a deep understanding of DBSSAS.
Charlie will report to David Santaney, Chief Commercial Officer at WBR, and Nick and James will report to Charlie, as will Alan.
These appointments mark a significant step in WBR Group’s ongoing commitment to delivering exceptional SSAS services and continuing to expand its market presence and coverage of the UK.
Charlie Dewey joins from the SIPP and SSAS platform specialist, Curtis Banks, having spent almost 14 years at the firm, most recently as the Head of Sales.
He brings a wealth of experience in the SSAS sector and will be instrumental in driving the growth of WBR Group’s SSAS book, ensuring that advisers and new direct clients receive the highest level of service and support.
He will work closely with Peter Collier, Director of Marketing and Brand, and Caitlin Southall who recently joined WBR Group as Head of SSAS Proposition. Charlie will be covering the Leicester and Midlands area and London.
Nick White joins from Wesleyan where he was Regional Sales Manager for Yorkshire and the Northeast. He has over 17 years’ experience and has a robust background in sales and client management.
Nick has consistently demonstrated his ability to drive growth and build strong client relationships. Prior to his tenure at Wesleyan, Nick was the Regional Sales Director at WestBridge SSAS, where he successfully expanded the firm’s market presence in the same region.
James Cannon has over 22 years’ experience in the specialist pensions sector and joins WBR from Embark Group, where he excelled as a Corporate Relationship Manager. In this capacity, he managed institutional sales and supported both new and prospective clients, showcasing his strong relationship building skills.
With a proven track record in the financial services sector, James has consistently driven growth and delivered outstanding service and previously worked at Rowanmoor. His expertise and dedication to client satisfaction will be invaluable as he takes on the role of Business Development Consultant for the Northwest of England.
Martin Tilley, COO of WBR Group, said: “The SSAS sector is still experiencing growth and transformation, and it’s crucial for us to stay ahead of the curve. By bringing on board Charlie, Nick, James, and Caitlin, we are not only enhancing our sales capabilities but also reinforcing our commitment to providing exceptional service and expertise.
“These strategic hires and our recent strategic acquisitions of Brunel Trustees and Censeo Actuarial will enable us to better serve our clients and capitalise on the opportunities within the SSAS market and wider actuarial and legal opportunities.
“We have always believed that maintaining personal connections and offering tailored, high quality support are key to navigating the complexities of the SSAS sector. Our new team members will play a pivotal role in ensuring we continue to lead the industry and deliver unparalleled value to our clients.”
Charlie Dewey, Director of Distribution at WBR, added: “The SSAS sector is still a vibrant one and such a useful planning tool for SMEs and family businesses. So, when I was looking for my next challenge, being able to be part of the growth story of WBR was too good to miss.
“I am really looking forward to continuing the excellent work undertaken by Peter and Alan, that has seen the business grow to be the largest independent SSAS administrator in the UK. To continue this growth trajectory, and be able to support advisers and direct clients, we need to build a bigger sales team and we will continue to do this with additional hires.”
Solicitors expand reach into Chesterfield with Northern Gateway Enterprise Centre move
A firm of solicitors has expanded its reach into Chesterfield, following a move to the Northern Gateway Enterprise Centre in the heart of the town.
Best Solicitors has identified Chesterfield as a place where it can build stronger connections with the local community, support new clients, and further strengthen ties with businesses and individuals throughout the area.
Ellie Whitehead, a legal advisor at Best Solicitors, said: “Our new office, conveniently located at the Northern Gateway Enterprise Centre, is strategically positioned to make our services more accessible and convenient for everyone in Derbyshire and the surrounding areas.
“The offices themselves are modern and serviced to an amazing standard and easily accessible for all forms of travel with a car park located right next to us.
“This new location not only brings us closer to those who need expert legal advice but also allows us to extend our solicitor support to the people of Chesterfield. We are truly excited about this opportunity and the positive impact it will have on the community.”
Ellie added that Chesterfield’s recent investment in new businesses at the enterprise centres in Tapton and Dunston were also an incentive.
To coincide with the move, Best Solicitors has teamed up with an assistance dogs charity to offer free wills to people in the area.
Support Dogs is a charity that relies heavily on the donations left to the charity in wills. In fact, one in three of its life-saving support dogs would not exist without this support.
The good cause trains and provides assistance dogs to help autistic children and adults with epilepsy or a physical disability to live safer, more independent lives.
Danny Anderson, head of fundraising at Support Dogs, said schemes like free wills are hugely important to small charities. He added: “We are so grateful to Best Solicitors for being part of this scheme.
“Charities like Support Dogs rely heavily on the donations left to us in wills.
“They really do make a life-changing difference to the people we help. It leaves a real lasting legacy and tribute to their life as well.”
Get more eyes on your social media videos
There is an absolute sea of content on social media, with at least 20 million videos being uploaded daily to TikTok alone. In this crowded space, it’s simply not enough to post content regularly.
The quality of your social media videos reflects the quality of your business, and a professionally produced video can make all the difference.
Professional quality videos ensure that you are aligning your content with the high standards of your product or service, helping you stand out, while reinforcing your brand’s credibility. Sharp visuals, clean edits, and engaging storytelling grab attention and encourage viewers to connect with your business.
It’s an investment in how your brand is perceived and can create better engagement, a higher click-through rate, and ultimately, more sales.
That’s why Glowfrog Video Production, a local specialist marketing video company, provide businesses in the East Midlands with Shorts and Reels from as little as £99 each – for a complete filming and editing service. Whether you’re aiming for TikTok virality or creating polished content for Instagram, Glowfrog’s team handles everything from concept to delivery, ensuring your videos are professional, creative, and perfectly tailored to your brand.
Some of the short/reel video styles businesses can consider include:
- Promotional videos to showcase new products and services.
- Behind-the-scenes clips to add a personal, authentic touch.
- Timelapse and before/after if you offer a transformative service.
- Event coverage for highlighting key moments and generating buzz.
- Niche specific advice/tips to establish you as an industry leader.
- Customer testimonials that build trust and reinforce your brand’s reputation.
- Short how-to videos to offer value while positioning your business as an expert.
Logistics firm launches biodiversity project at Northamptonshire headquarters
XPO Logistics, a provider of end-to-end logistics solutions across Europe, is launching a project to enhance biodiversity around its sites in the UK and Ireland.
The ‘Nature Network’ project is a key part of XPO’s ethos to improve sustainability by reducing CO2 emissions across the business and within the microclimates around each depot. The company’s headquarters at Crick in Northamptonshire will be the first site to implement changes through the project, with plans to roll it out across multiple sites in 2025.
Around 20 varieties of wildflowers are being sown across two acres of land at Crick, along with 50 trees, all of which are native to the UK. This includes blossoming trees, fruit trees like apples and damsons, and large canopy tree varieties to encourage nesting birds. Once available, any fruit grown onsite will be offered to the canteen.
XPO Logistics’ headquarters in Crick will soon have another benefit—honey made by bees in hives on the site. One hive is currently in place, but a maximum of five will eventually be on the site. The honey produced will be provided to the cafeteria and offered to staff and visitors.
Wildflowers and herbs – which will be available again for the cafeteria or staff to use – will be planted in 30 planter boxes and 20 wall box racks.
A wormery will also take care of some of the cafeteria waste, while bug hotels and hibernation houses will help insects and hibernating species find a safe home. The shrub hedge—which will run 80 metres along the fence line with neighbouring company sites—will also provide extra natural habitats and cover for animals and insects.
XPO Logistics’ Crick site is also beginning a new landscaping regime, which includes less cutting of grass and of the existing trees in the main car park area. This will also help to encourage wildflower growth. The pond area will also be enhanced to encourage amphibians, invertebrates, and insects to become part of a thriving ecosystem and ensure a Biodiversity Net Gain.
While each of these measures will improve the environment for the animals and insects in and around the site, it will also benefit the colleagues who work there, creating a more natural, relaxing atmosphere for them to enjoy during breaks.
Staff are also encouraged to volunteer during the working day when appropriate to develop the ‘Nature Network’ project, meaning their time used to nurture nature on the sites will be covered by the business, providing an additional benefit.
Dan Myers, managing director—UK & Ireland, XPO Logistics, said: “Each of these initiatives is a small step to improving the local environment and habitat. The passion the team has shown for enhancing biodiversity has been inspirational. This is another small step in addressing the overall sustainability of our business.”
9 in 10 East Mids businesses face skills gap
A new report into the 2025 skills and recruitment outlook of small and medium-sized enterprises (SMEs) in England reveals nearly nine in 10 (87% of businesses) in the East Midlands are anticipating some kind of skills gap within their business, with the biggest at entry level (35%).
Now in its third year, the Skills Horizon Barometer, launched by the Skills for Life campaign and featuring commentary from local business TG Sowerby Developments, also found that SMEs are more likely to have noticed a skills gap at entry level than in specialist areas (32% versus 23%). However, concerns about retaining staff have decreased since last year – a third (32%) of SME employers cited it as a worry this year, compared to two fifths last year (40% in 2024).
More widely across England, when it comes to specialist skills, opportunities with AI are firmly on the radar for the year ahead, as nearly a quarter (23%) are poised to train their staff in AI related skills or recruit those with knowledge in the field. The research found one in five (19%) are regularly using AI in day-to-day operations, with a further 20% using it occasionally. One in five (19%) also say experience in AI is an asset on a CV for potential new recruits.
While AI knowledge is high on the recruitment agenda for SMEs, they are also looking beyond the skillset to find human characteristics or transferable skills that are the right fit for their organisation too. The top five to pique the interest of employers in the East Midlands for 2025 are:
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A good work ethic (38%)
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A quick learner (35%)
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Ability to work under pressure (27%)
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A team player (25%) / confidence (25%) / adaptability (25%)
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Strong digital skills (19%)
Exploring the type of candidates East Midlands SMEs are looking for reveals employers looking to offer opportunities to those early on in their career, but crucially candidates who have some experience (43%). While a fifth (20%) of businesses still look to hire those from traditional academic routes, such as university, a sixth (15%) of firms would hire straight from school or college, supporting young people with relevant training to build up their skills, and 32% would look to hire candidates with experience from a different field.
The highlighted findings from the latest Skills Horizon Barometer look to help SMEs understand all the technical education training and employment schemes available to them, including Apprenticeships, T Levels, Skills Bootcamps, HTQs, as well as numeracy and digital skills courses.
James Bonsall, Director at TG Sowerby Developments, Scunthorpe said: “We look for talent with some experience and a perspective that aligns with our company values and we work with contacts at local colleges, who keep an eye out for suitable candidates for us. Hiring apprentices is great because we can source talent at the start of their career, we can mould them, teaching our ways of working and our level of standard. We find many apprentices learn these skills and then stay on for many years, so it’s a great time investment for us.
“I’d encourage other businesses who are facing skills gaps to look into the opportunities available to them via technical education. There are many options for recruiting and upskilling and we have found it to be a really valuable asset.”
Minister for Skills, Apprenticeships and Higher Education Jacqui Smith said: “Meeting the skills needs of the next decade is central to delivering the Government’s Plan for Change. Employers are key partners in our mission, helping address skills needs across sectors like AI, green tech, and construction. Using Skills Bootcamps, apprenticeships, HTQs, and T Levels, we’re supporting businesses and individuals to upskill, and establishing Skills England to find and fill skills gaps and support sustained economic growth.
“The Skills Horizon report highlights the progress we’re making together—giving people the skills they need to seize opportunity and drive growth.”
Young people in the East Midlands left in the dark over career choices, survey finds
More than four-fifths (84%) of young people in the East Midlands insist there is not enough information given to them about apprenticeships when considering their career option – a new survey by BDO has found.
Of this group, 55% say more work needs to be done to connect young people with local businesses and apprenticeship providers, while nearly a third (29%) said that this lack of information means those that already know people in certain industries and businesses have an advantage.
The Young Minds survey of just over 1,000 young people across the UK was commissioned by accounting and advisory firm BDO to provide an indicative snapshot of the career aspirations and challenges of young people, canvassing the views of those between the ages of 18-25 years old.
The survey found that nearly half (48%) of young people polled in the East Midlands still believe that attending university will provide more career choices, yet more than a third (35%) would also consider undertaking an apprenticeship after their degree to upskill, achieve a master’s degree-level qualification or to train in a specialist area or profession.
Kyla Bellingall, regional managing partner at BDO LLP in the Midlands, said: “Apprenticeships play a vital role in building an inclusive and highly skilled workforce of tomorrow, yet many young people in the Midlands feel they are still being denied access. This consistent lack of information and education is creating a bottleneck in new talent.
“Greater connectivity between government, businesses and the education system is needed to allow young people to make more informed decisions and to help match them with employers offering apprenticeship opportunities.
“We need to work together to ensure everyone has access to the information, training and high-quality employment they need to reach their potential.”
Fab Lanza, an audit trainee in BDO’s Nottingham office, started his school leaver apprenticeship in 2022 after taking part in ‘Explore BDO’ during his A-Levels.
He said: “There needs to be more information available to students considering their career choices. I first discovered apprenticeships through my student network when I participated in the Explore BDO Insight programme.
“After I completed my A-levels, I was fast-tracked through the application process because of my participation during the insight week. Now I’m halfway through a Level 7 apprenticeship (equivalent to a Master’s degree) and will be fully qualified within the next couple of years.”
Bassetlaw businesses join forces to unlock growth potential
Bassetlaw businesses are joining forces to unlock growth potential in the district and make the most of significant investment and major developments in the pipeline.
Bassetlaw District Council and North Notts BID have teamed up to support the creation of the Bassetlaw Business Alliance Executive Group, which will work independently, bringing businesses together to work towards the same goal, a stronger local economy.
The group met for the first time last week (31 January) at Laing O-Rourke in Worksop where attendees learnt more about developments including the East Midlands Investment Zone and the prototype Fusion energy plant project STEP (Spherical Tokamak for Energy Production) at West Burton.
Rob Holder, General Manager, National Trust for Nottinghamshire and chair of the Bassetlaw Business Alliance Group, said: “I am delighted to be chairing the newly formed Bassetlaw Business Alliance Group and working with brilliant people across various sectors within Bassetlaw to support realising Bassetlaw Vision 2040.”
The alliance, made up from strategic leaders from key businesses in Bassetlaw, will have the chance to shape the district’s plans as well as receiving direct support to unlock potential growth.
Cllr Charles Adams, Cabinet Member for Business and Skills, said: “We look forward to working with the newly created business alliance on growth initiatives in the district and how they can engage with these opportunities.
“We are united in the same goal, to unlock potential growth so collectively we can make Bassetlaw a better place for everyone.”
It is hoped by encouraging joined up working, it will create opportunities to attract further investment, encourage growth and promote the district on a regional and national level.
The Business Alliance Executive Group will also be holding a ‘Skills and Employment Summit’ in March, where it will look to understand the current and emerging skills and employment needs for the district, helping to inform education and training provision for the district businesses and residents.
Sally Gillborn MBE, Chief Executive at North Notts BID, said: “From our industrial areas to town centres, the Bassetlaw Business Alliance Executive Group will provide greater opportunity for businesses to share ideas, provide upskilling opportunities and collaborate towards goals that will collectively drive business growth and invigorate the local economy.”
Shop parade demolished to make way for new homes
A deteriorated and ageing shop parade in Mansfield has been torn down to make way for new homes and a green community space.
The enhanced outdoor space and 13 of the wider 22 energy-efficient homes for the project, will be built on the flattened site in the Bellamy estate, which dates back to the late 1960s. The former shop owner in the parade has now moved into and taken over the three newly built shopping units on the estate.
This is all part of Mansfield District Council’s £7.7 million housing-led regeneration scheme for the area. As well as the new homes and community space, a new through road to better connect the area is also in the pipeline.
The Mayor, Portfolio Holder for Housing Cllr Anne Callaghan, and Chief Executive James Biddlestone were joined at the demolition site by Mansfield MP Steve Yemm. Mr Yemm joined council officers to learn more about the regeneration project, and other social housing schemes the council is leading on across the district.
Works for the overall scheme are anticipated to be completed by autumn this year.
Councillor Anne Callaghan, Portfolio Holder for Housing, said: “It is a momentous occasion to celebrate this ageing shopping area in the heart of the Bellamy estate being demolished to make way for a new generation of homes and green space.
“We know how important it is for residents to enjoy the areas in which they live and to have pride of place in them. By removing this eyesore and giving the estate new eco-friendly homes, new shopping units, and a community green space, we are ensuring the estate, and its residents can thrive for years to come.”
The council’s in-house architects designed the 22 new homes on the site in line with the Future Homes Standard. This requires new homes to have low-carbon heating and high energy efficiency, resulting in lower carbon dioxide emissions than properties built to current building regulations.
The homes, which will be available for council tenants on the housing waiting list, will include three four-bedroom semi-detached houses, eight three-bedroom semi-detached houses, nine two-bedroom semi-detached houses, and two two-bedroom detached houses. The first tenants are expected to move into the first phase of homes completed from April 2025.
The Bellamy regeneration scheme has been made possible by capital investment from the council’s Housing Revenue Account (HRA). The HRA is made up of tenant rents and must be used to build more homes as well as maintaining the housing stock across the district.
The estate’s regeneration began more than two years ago with the installation of a new play park and learn-to-ride cycle track for children, both of which opened in early 2023.
Leicester’s WBR Group acquires Censeo
WBR Group, the independent provider of SSAS services and tax experts, has acquired Censeo Actuaries & Consultants Limited for an undisclosed sum.
Censeo will be rebranded as WBR Actuarial Limited on 1 April 2025, with the actuarial business becoming a separate legal entity wholly owned by WBR Group.
Founded in 2004 and based in Salisbury, Censeo has built a strong reputation in actuarial, investment and pension consultancy services.
With this acquisition, WBR Group continues to build on its strategy of growth through acquisition and diversification, enhancing its expertise and expanding its service offerings.
WBR Actuarial Limited will provide clients with a comprehensive range of services, including:
- SSAS and DBSSAS actuarial services
- Full services for ‘smaller’ defined benefit pension schemes (generally fewer than 1,500 members or under £50M in invested assets):
- Pensions administration and treasury
- Scheme actuary services
- Investment consultancy
- Pensions consultancy
- Trustee training
- Funeral plan trusts
- Pensions on divorce
Small business growth forecasts fall for the first time since July 2024
The percentage of UK small business owners predicting growth (33%) has dipped to a nine-month low, according to the latest quarterly data from Novuna Business Finance. Whilst 45% see Q1 as a standstill period, there is a four-year high in the percentage of small businesses saying they will contract by the end of March (13%) and the percentage of enterprises that fear closure in the next three months has hit a two-year peak (8%).
The findings are from Novuna Business Finance’s Business Barometer study, which has tracked the growth forecasts of more than 1,000 small business owners every quarter for the last 11 years. Following the Bank of England cutting interest rates and reducing its economic growth forecasts for 2025, the new Novuna Business Finance data reveals that UK small business owners are already gearing up for contraction, with major falls in growth forecasts already registered across many key regions – where there has been abrupt change since the start of 2025.
- In London the percentage of small business owners predicting growth has plummeted from 57% to 39% in just three months – presenting a two-year low point in confidence for enterprises in the Capital (since Q2 2023
- The North East was one of the regions that saw a post-election resurgence in small business confidence during the second half of 2025. This quarter, the percentage of North East small business owners that predict growth has fallen sharply back from 36% to 25%.
- A similar picture emerges for the East Midlands, where growth forecasts have fallen from 37% to 31% since last quarter
- Growth forecasts are a serious concern in the South West and Wales, these two regions now falling significantly behind all other UK regions (17% and 16%).
- Scotland bucks the trend prevalent in England. For Q1 2025, the percentage of small business owners predicting growth has hit a five-year high at 36% (the highest figure in Scotland since Q3 2019)
Double election impact?
Whilst the latest data suggests the confidence boost that followed the new UK Government taking office last July has now worn off, the new US administration taking office has also been met with concern in recent weeks. An additional Novuna Business Finance survey found that more than seven in 10 small businesses (77%) said they were fearful of how the new US administration could have a ripple effect for UK small businesses in 2025. Chief among small business concerns were the possibility of tariffs on UK exports to the USA (43%) and concern over the impact on UK economic growth forecasts and interest rates (33%).
Sector analysis
Whilst growth outlook held firm in many sectors, Q1 2025 saw significant falls in small business growth outlook for the manufacturing, retail, IT and hospitality sectors. Growth outlook in manufacturing fell to its lowest level since Q4 2023.
Joanna Morris, Head of Insight at Novuna Business Finance comments: “Over the last 11 years, our research suggests that small businesses are remarkably resilient when it comes to their quarterly growth forecasts. The fall for this quarter represents a reverse on a gradual upward trend over the previous six months. Of concern are signs of more small businesses predicting contraction for the next three months – and some even fearing closure.
“From the Business Barometer study over the last decade, it is clear that there are often fine margins between businesses that predict growth or contraction and decline. Now is a time for small businesses to be supported, so caution and contraction can be replaced by confidence and belief. At Novuna Business Finance, we are serious about helping established small businesses put plans in place to achieve their true potential and, midst the market uncertainty, small business confidence this year will be key to the new Government delivering on its pledge to deliver economic growth.”
Secretary of State for Work and Pensions visits Workbridge in Northampton
The Secretary of State for Work and Pensions, RT Hon Liz Kendall MP, has been to Northampton to visit people who have been taking part in a mental health social prescribing programme.
Ms Kendall, who has held the ministerial position since July last year, visited Workbridge – the vocational and educational part of mental health charity St Andrew’s Healthcare – to find out more about the Community Skills and Wellbeing programme.
The initiative was developed to help people who have been unable to work due to mental ill health, by easing them back into employment. The visit comes as the Department for Work and Pensions (DWP) has published new research which shows that many sick and disabled people say they want to work to help boost their living standards – but aren’t given the right support.
Work and Pensions Secretary, Rt Hon Liz Kendall MP, said: “Today’s report shows that the broken benefits system is letting down people with mental health conditions who want to work. People claiming Health and Disability benefits have been classed by the system as “can’t work” and shut out of jobs and have been ignored – when they’ve been crying out for support.
“That is a serious failure. It’s bad for people, bad for businesses, which miss out on considerable talent, and bad for the economy. For young people in particular, being out of work can have a scarring effect that lasts a lifetime.
“On Time to Talk day, it’s time to change how we support people with long-term health conditions, such as a mental health condition, so that they have a fair chance and choice to work.”
Prison officer Teresa Hawkins is on long term sickness leave, but would really like to return to work when she feels well enough. The 48-year-old, who has been attending the five-week programme at Workbridge, said: “I’ve been off work for three months now and all I’d been doing was sitting at home, overthinking, which wasn’t doing me any good. My social prescriber gave me a list of courses in Northampton to help get me out of the house and I liked the sound of the artwork course at Workbridge.
“It took a lot of courage for me to walk through the door on the first day – I was very nervous as I didn’t know what to expect, I almost didn’t come – but I’m so glad I did because if I didn’t have this course I would be getting up late every day. It’s helped give my day structure and a reason to get up. The course tutors are so lovely and friendly, I feel like this is a safe place for me.”
The programme was made possible courtesy of a £60,000 grant provided through the central Government’s UK Shared Prosperity Fund (UKSPF) via West Northamptonshire Council (WNC). The programme is part of a wider initiative aimed at enhancing local skills and fostering positive change within the community.
Those who sign up are supported by skilled tutors, helping them to realise their potential. Participants are given the opportunity to learn new skills, understand more about resilience and gain confidence which is hoped will assist them in gaining employment.
Teresa said: “This course has really helped me. I’ve met some like-minded people, learnt some new skills and I don’t feel as hopeless as I used to. I live with my daughter and she’s seen me so low, and it’s always her that picks up the pieces. I desperately want to get better so she can go live her life.
“This programme is helping me to heal and for the first time in a long time, I’ve got hope for my future. I want to go back to work eventually and the people here are helping me as I’m getting back all the social skills that I had lost from being at home all day.”
Dr Sanjith Kamath St Andrew’s Healthcare’s Deputy CEO and Executive Medical Officer, said: “As the largest mental health charity in the UK, we are committed to amplifying the voices of those who have complex mental health needs. We know that stigma around mental health remains a major barrier to people getting the support they need and this can be even worse for those with complex challenges.
“Across the UK more than a million people are waiting for mental health services. Too often, long waiting lists and a lack of early intervention mean that people’s mental health worsens, making it harder for them to stay in or return to work. There is an urgent need for parity of esteem between mental and physical health, so that people receive the right support at the right time. We must act to ensure timely, accessible care for all.
“This vital support from the UK Shared Prosperity Fund (UKSPF) means we’re able to offer courses to those most in need helping people rebuild confidence, gain new skills, and take positive steps toward employment in a welcoming and supportive environment.”
Rolls-Royce says Government’s decision will re-establish the UK as a world leader in nuclear
Changes to planning rules brought in by the Government mean Rolls-Royce SMR’s ‘factory-built’ nuclear power plants can be deployed flexibly in more locations – closer to centres of high energy demand – and will support the UK’s energy intensive industries including datacentres, AI infrastructure and hydrogen production.
And that’s been welcomed by Alastair Evans, Rolls-Royce SMR’s Director of Corporate Affairs. He said: “This is a clear statement of intent from the Government. This announcement, coupled with wider planning reform that is focused on growth, will pave the way for the UK to re-establish itself as a global leader in nuclear. This will align the planning of nuclear projects with all other forms of electricity infrastructure and enable projects to be delivered in the longer term.
“There is a range of existing nuclear sites, ready for development now, that will be unlocked by a commitment to the SMR programme in the upcoming Spending Review. It is therefore vital that winners of the SMR selection process are announced in the Spring, to give certainty to these nuclear communities.”
Progress at pace – including a decision by GBN as early as possible this year – will create thousands of jobs, unlock export potential and have a transformative effect on growth and the wider UK economy.
Rolls-Royce SMR offers a radically different approach to delivering new nuclear power, with each plant providing enough low-carbon electricity to power a million homes for more than 60 years on a site that is a fraction of the size of a large ‘gigawatt-scale’ nuclear power station.
East Midlands marina to be sold for first time in its history
Specialist leisure property adviser Christie & Co has been instructed to market Farndon Marina, for the first time in its history.
Located on the River Trent near Newark in Nottinghamshire, Farndon Marina has been owned by the same family since 1966, when the 25-acre freehold site was originally purchased and developed by local businessman and boating enthusiast Mark Ainsworth.
Over the decades that followed, the business evolved and expanded, and today Farndon Marina is owned and operated by Mark’s son Paul and his wife Janet who, after a lifetime of working within the business, are looking to retire and pass the reigns to new owners.
The marina comprises over 300 private berths and moorings, with berthing fees and chandlery sales forming the backbone of the business, together with boat sales brokerage and marine services, which incorporates repair, maintenance and boat lifting.
Recent investments have been made in technology to improve day-to-day operations, site security, and enhance the customer experience, as well as the development of amenity buildings including workshops, visitor facilities and office space.
Farndon Marina presents several development opportunities for a new owner, including the development of holiday park, motor home and touring caravan facilities, extending the boat brokerage business, and the potential to introduce floating lodges (subject to the necessary planning permissions).
Farndon Marina Managing Director Paul Ainsworth said: “Since my father passed away over 16 years ago, Janet and I have continued as custodians of this incredible business. We have consistently invested in improving the facilities and customer experience, and have a fantastic team, who are and will continue to be great assets to the marina.
“We too are at that time in our lives where it makes sense to pass the reigns to new owners. I’ve been contacted many times over the years asking if we would sell, and so this tremendous opportunity now becomes a reality.”
Jon Patrick, Head of Leisure & Development at Christie & Co, who is overseeing the sale process, added: “We’ve witnessed a marked uptick in the demand for both inland and coastal marina and boating businesses over the last two years. This has come from existing UK and European operators, as well as boating and marine enthusiasts and investors.
“However, we’ve also seen greater activity in the sector from owners of holiday parks and associated leisure hospitality businesses which share a number of similarities with marinas in terms of the underlying business model.
“In addition, this is a marina that has never been offered for sale on the open market before, and that in itself is a unique opportunity. As a result, we anticipate that interest in Farndon Marina will come from a diverse range of potentially interest parties.” £1.2m plans revealed for new culinary experience at Retford’s Buttermarket
A new culinary experience is being proposed as part of a £1.2 million project to breathe new life into the historic Buttermarket in Retford Town Centre.
Bassetlaw District Council has revealed plans to create a modern and inviting food hall with multiple street food outlets.
As well as being a new destination for residents and visitors, it will also provide an opportunity for various food vendors in the town, with seating inside for up to 60 diners alongside external seating and new toilet facilities.
Cllr Steve Scotthorne, Cabinet Member for Identity and Place, said: “These are exciting proposals, which if given the go ahead, could attract more people into the Buttermarket and the wider town.
“As well as giving the much-loved historic building a new lease of life it’ll also create exciting opportunities for several food retailers in Retford.”
There is also an ambition to decarbonise the space with the introduction of electrified heating and cooking equipment for food vendors to use.
Planning for the development is due to be submitted in the coming weeks, and if successful, the search for an operator to manage the six food retail outlets will begin.
If given the go-ahead work would be financed through government funding including from the UK Shared Prosperity Fund.
