Development

Midlands Engine Investment Fund II launches providing businesses with the funds to grow

The British Business Bank has launched its £400 million Midlands Engine Investment Fund II, unlocking additional funding to help smaller businesses in Derbyshire prosper and thrive.

The fund will drive sustainable economic growth by supporting new and growing businesses across the whole of the Midlands, through investment strategies that best meet the needs of these firms. It includes a range of finance options with loans from £25,000 to £2 million and equity investments up to £5 million to help small and medium-sized businesses start up, scale up, or stay ahead.

The Midlands Engine Investment Fund II aims to build on the success of the inaugural Midlands Engine Investment Fund, a £300m fund which has already supported 739 smaller businesses since its launch in 2017. The new fund will help hundreds more businesses to achieve their potential and further increase the supply and diversity of early-stage finance by providing options to firms that might otherwise be unable to secure investment. Funding is designed to help smaller businesses with activities including expansion, product or service innovation, new processes, skills development and capital equipment.

Five fund managers have been appointed to manage the fund. BCRS Business Loans and First Enterprise – Enterprise Loans will manage the smaller loans part of the fund (£25,000 to £100,000), Frontier Development Capital and Maven Capital Partners will be responsible for larger loans (£100,000 to £2 million) and Mercia Ventures will manage equity deals (up to £5 million).

Louis Taylor, Chief Executive Officer, British Business Bank said: Small businesses are at the heart of The Midlands’ economy. Since launching in 2017, the first Midlands Engine Investment Fund has so far created more than 4,000 jobs across the region by backing 739 smaller businesses, boosting the region’s productivity by 70%.

The first Midlands Engine Investment Fund provided a blueprint for how we can support entrepreneurs and founders, whoever they are and wherever they are in the region, to access the funds and support they need. This new fund will allow us to continue supporting business owners across the Midlands, whether they’re at the start of their journey or are already running an established firm.

Promoting growth by ensuring entrepreneurs can access the finance they need regardless of where and who they are is one of the Bank’s strategic objectives, and vital to unlocking the full potential of the UK’s smaller businesses.

Exchequer Secretary to the Treasury, Gareth Davies MP said: Small businesses are the engine of the economy, which is why having access to funding like this is vital to help them thrive and grow, creating jobs and spreading opportunity everywhere.

As the birthplace of the Industrial Revolution, the Midlands propelled the UK into a new era of technological and economic growth and now the next generation of entrepreneurs will have the support they need to continue this success.

Find out more about support available to businesses in Chesterfield.

Manufacturing at Weightron. Two men working on industrial weighbridge with sparks flying

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New bookable on demand bus service for Chesterfield, Bolsover, and North East Derbyshire

Residents are now able to use a new bus service to take them anywhere within Chesterfield, Bolsover and North East Derbyshire.

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Chamber warns new government railway funding needs to do more to respond to East Midlands’ needs

Long-anticipated government funds of £123 million allocated to Midlands Rail Hub – a project to improve connectivity between train stations across the midlands – is to be welcomed, however, does little to meet the needs of those in the East Midlands, say East Midlands Chamber.

The initiative uses cash freed up by abandoned HS2 funds to upgrade stations and improve infrastructure across the overall midlands area.

East Midlands Chamber Director of Policy and Insight Chris Hobson said:

“While any investment in midlands railway infrastructure is to be welcomed, we’re concerned that once again the primary focus is on towns and cities outside of the East Midlands. Our Manifesto for Growth 2024, which we’re taking to Westminster on 11th March, asks our policy makers to ensure we deliver fair funding for infrastructure in the East Midlands.

“This isn’t about receiving investment at the expense of our neighbours to the west, it’s about Government doing more to rectify the fact that we are the most under-funded region in the country when it comes to rail travel.

“We have desperately inadequate service between stations within the East Midlands and this hampers the tremendous growth potential of businesses. It’s all very well that a Birmingham-bound passenger might be able to jump on an extra train here and there at Nottingham but what we’re stating loud and clear in our manifesto is the huge need for transformational improvement within the East Midlands.

“We look forward to taking our manifesto to Westminster on 11th March and insisting politicians listen to what our businesses need to succeed.”

In Chesterfield, ambitious plans are set to transform the area between the town centre and Chesterfield Railway Station – creating a vibrant gateway to North Derbyshire and providing improved public transport access.

Read more about the Chesterfield Station Masterplan here.

Chesterfield rail train station

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Chesterfield legal firms celebrated at regional awards ceremony

Two Chesterfield legal firms, Banner Jones Solicitors and CMP Legal received accolades at the annual Sheffield & District Law Society Awards.

The team at Banner Jones are celebrating after winning Employment Team of the Year at the event, which took place on the 23rd of February at the historic Crowne Plaza Royal Victoria Hotel, Sheffield.

The event saw the Employment Team take home the accolade for the third consecutive year.

Commenting on the news, Banner Jones’ Chief Executive, Simon Wright, said: “The Sheffield & District Law Society Awards provide an opportunity for the local legal community to come together to celebrate our many achievements and successes from across the year.

“It is therefore a real privilege and an honour to have been shortlisted in three categories, and to have taken home another of the awards. Our collective success is a real testament to the hard work and dedication that everyone at the firm has shown over the past 12 months.

“A huge congratulations in particular goes to our Employment Law team, who have now won for the third consecutive year!”

Katie and Sara Banner Jones Employment Team of the Year

Katie Ash, Head of Banner Jones’ Employment team, added: “We are delighted to have won Employment Law Team of the Year for the third time.

“It has been a pleasure to help guide our clients through the past year and we are very much looking forward to building on those relationships throughout 2024 and beyond.”

Meanwhile, fellow Chesterfield solicitors, CMP Legal were also successful at the event, taking home the Litigation and Dispute Resolution Team of the Year award.

Stacey Pocock, Solicitor and Executive Director at CMP Legal commented: “Winning the Litigation & Dispute Resolution Team of the Year award underlines the effort and hard work that has gone into the creation of CMP Legal since we opened our doors for business three years ago.

“We are all thrilled and delighted by the recognition we have received”.

Banner Jones Solicitors and CMP Legal support the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

CMP Legal Litigation & Dispute Resolution Team of the Year

 

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DBC Training announces move to larger Chesterfield premises

Skills and employability training provider DBC Training is expanding into larger Chesterfield premises, following successful growth in the town.

The organisation will move into new offices at Markham House in the centre of the town, allowing more learning space for the business to deliver its courses.

Commenting on the expansion of the business, Luke Brailsford, Senior Performance Manager at DBC Training said: “As a business we are growing, and we see Chesterfield as a key part of our growth plans. The investment in our new premises support this, offering more learning space for us to deliver high-quality employment and skills training courses in Chesterfield.

“This supports our ultimate aim to support local residents back into employment and to help more employers upskill their workforce through our award-winning apprenticeship service.

“We are still in Chesterfield Town Centre, on the top floor of Markham House. There are many benefits to this move, however, key ones being more space and room for the courses we deliver, along with being centrally located and close to partners that we work with.”

DBC Training has been delivering employment and skills training since 2000. The business matches skills training to local job vacancies and offers a range of courses to help unemployed people transition into work.

This offer includes warehouse, digital/ICT skills, FLT, Customer Service, Confidence building, CV preparation and much more. DBC is also an award-winning apprenticeship training provider, with apprenticeships available in Business Administration, Customer Service, Leadership and Management, Sales and Marketing, and much more.

Luke continued: “For DBC, Chesterfield is a perfect location for the services we offer. Having great transport links, growing employment markets and a thriving town centre. These are all key to making sure local residents thrive in our town.”

To find out more about the courses on offer at DBC Training, go to: https://www.dbc-training.co.uk/ – or attend the open evening at the new centre in Markham House on 11th March at 4pm.

DBC Training supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

DBC new premises

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New Mayor and East Midlands Combined County Authority given final go ahead

The last legal step to establish the East Midlands Combined County Authority (EMCCA) has been signed and made into law.

Jacob Young MP, Levelling Up Minister, this week signed the regulations that allow for EMCCA to be created. It means that residents across the area will get to vote for the very-first East Midlands Mayor, with elections taking place on Thursday 2 May 2024.

The new combined county authority is all thanks to a devolution deal, which will see the region benefit from a £1.14bn investment package, spread over a 30-year period, alongside devolved powers around transport, housing, skills and adult education, economic development and net zero.

Cllr Barry Lewis, Leader of Derbyshire County Council, said: “The passing of this final piece of Government legislation is an historic milestone for Derbyshire and the wider region.

“It marks the moment when the East Midlands Combined County Authority comes into existence, bringing a £1.14bn devolution deal to our region to improve people’s lives through better housing, improved transport and new job opportunities.

“In many ways it’s only the beginning of this exciting journey and more benefits and funding are already starting to flow – such as the government’s announcement of £1.5 billion local transport funding for the new East Midlands Mayor.

“Year-on-year the new combined county authority will bring even more funding to our region through a strong, collective voice and a national platform.”

Plans for East Midlands devolution are similar to those already in place in other mayoral regions, like the West Midlands and Greater Manchester, and it is estimated that the region will unlock around £4bn of funding over the coming years.

The East Midlands devolution deal, agreed with Government ministers in 2022, will see Derbyshire, Nottinghamshire, Derby and Nottingham benefit from a £1.14 billion investment fund. All four councils approved the creation of EMCCA in December.

In October 2023, the Government announced around £1.5 billion in transport funding for the East Midlands Mayor.

Thanks to devolution plans, the East Midlands has also been invited to establish an ‘Investment Zone’, which will attract £160 million of support over ten years, with tax incentives for businesses that will help boost economic growth right across the region.

Government will continue to work with EMCCA and other partners to co-develop plans for the East Midlands Investment Zone – which will bring in hundreds of millions of pounds of private investment and create thousands of jobs – including priority development sites and specific interventions to drive cluster growth, ahead of final confirmation of the plans.

£18 million has already been awarded to the area during devolution negotiations, which is being spent on improving local housing, transport and skills provision.

Further investment for the region would also be provided through annual Whitehall budgets and spending reviews.

The inaugural election for Mayor of the East Midlands will take place on Thursday 2 May 2024.

For more information on the elections, visit www.eastmidlandsdevolution.co.uk

Businesses in Chesterfield can hear from mayoral candidates for the East Midlands Combined County Authority at the annual Celebrate Chesterfield conference, taking place on 20th March 2024.

Jacob Young Levelling Up Minister

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Chesterfield homes to get a new lease of life in major renovation

A section of houses in Chesterfield which have been unoccupied for many years are now being brought back to life, following an exciting collaboration between two property businesses.

The buildings at 18-20 Highfield Road date back over 150 years, and are now being restored into high-end and co-living homes.

Once complete, the properties will be managed by Dovedale Property Lettings, who are working alongside Property Projects Group on the revamp.

The works will also greatly improve the energy efficiency of the properties, with plenty of insulation being installed ready for the arrival of new occupants.

Rick Cusimano, Co-Owner of Dovedale Property Lettings explained the story behind the exciting project: “Overgrown with trees and weeds, the houses were barely visible from the road for many years.

“I first became aware of them around 5 years ago, when I tried to make some enquiries to locate the owners, to no avail. Eventually, I saw them go up for auction and immediately knew I had to try and restore them if I could.

“Mark-Jonathan Wilkinson from Property Projects Group shared my vision for bringing these properties back into use and after a few visits he decided to take it on! His team is doing a great job over there.”

“With super-fast broadband and modern decor, these will be stunning places to live. I’m incredibly excited to be able to restore these houses to high-end homes, it’ll be an incredible transformation. Work is progressing well and we’re hoping to be able to officially launch in August this year!”

In addition, Rick also explained the many strengths Chesterfield has for people looking to locate themselves or their families: “I’m a huge advocate for Chesterfield, it has so much potential, with excellent transport links north and south, and the Peak District on the doorstep, it has an enviable location and a huge charm and character with its iconic crooked spire and mock tudor buildings.

“We’re so excited to see the regeneration and development happening within the town, and we’re delighted to be helping, one property at a time!”

Keep up-to-date with the project on the Property Projects Group Linkedin page and the Dovedale Property Lettings website.

progress_garden_clearout Highfield Road

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Chesterfield apprentice employers encouraged to enter prestigious top 100 list

Firms in Chesterfield are being encouraged to enter themselves into the running for the England Top 100 Apprenticeship Employers list.

The Top 100 Apprenticeship Employers celebrates England’s outstanding apprenticeship employers, recognising their commitment to creating new apprenticeships, the diversity of their apprentices, and the number of apprentices who successfully achieve their apprenticeships.

And the Top 50 SME Apprenticeship Employers features the country’s leading small and medium-sized employers who offer apprenticeship programmes.

First compiled in 2020, the prestigious annual employer rankings have been developed by the Department of Education, in partnership with High Fliers Research, who independently assess and rank the nation’s top apprenticeship employers.

Over the past three years, more than 1,000 apprenticeship employers from a wide range of industries and business sectors have entered for the rankings.

The Top 100 Apprenticeship Employers and Top 50 SME Apprenticeship Employers are back in 2024 to showcase the apprenticeship employers that have done the most to provide apprenticeship opportunities over the past 12 months.

Entries are now open and the results will be announced during a special TV programme in the summer – and apprenticeship employers featured in the new 2024 rankings will be invited to attend a celebration lunch at the House of Commons in the autumn.

Previous Chesterfield winners for the top 50 SME list include Less Than Zero barbers and Clee Hill Plant. Find out more about their nominations here.

Together, the Top 100 Apprenticeship Employers and Top 50 SME Apprenticeship Employers will reveal which employers – large and small – are this year’s most successful apprenticeship employers.

Gillian Keegan, Secretary of State for Education commented: “Since 2020, we’ve been highlighting the top apprenticeship employers in England, to recognise their ongoing commitment to delivering amazing apprenticeships.

“Last year we received a record number of entries from more than 800 different employers, and this year we want to break that record. We’ve revolutionised technical education in this country, with almost 70% of occupations now available as apprenticeships. We couldn’t do that without you, the fantastic employers who deliver them.

“We look forward to seeing another fantastic range of entries for the 2024 rankings. Thank you and good luck!”

Find out more about the list and nominate your business at: https://topapprenticeshipemployers.co.uk/

Apprentice welder and mentor at a local manufacturing business in Chesterfield

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New business centre created in Chesterfield town centre following £800,000 investment

A prominent Chesterfield town centre building has been given a new lease of life, and is soon set to become a business centre to meet the needs of contemporary professionals and businesses.

York House, on St. Mary’s Gate will now be known as York House Business Centre following the transformation of the property by Sovereign Assets & Developments.

A significant investment in the region of £800,000 has been made to ensure York House is at the forefront of workspace solutions in Chesterfield.

The development includes a substantial refurbishment to introduce a range of high-quality, serviced self-contained offices, workspaces and a coffee shop.

The company says standout features of York House which led them to invest in the premises include:

  • Prime location in central Chesterfield, offering accessibility and visibility.
  • Flexibility with a variety of office sizes and layouts to cater to different business needs.
  • High-speed internet connectivity to ensure productivity is never hampered.
  • Modern amenities including meeting rooms, communal kitchen area and a coffee shop
  • A sleek finish to every office, designed to inspire creativity and professionalism.

A spokesperson for the developer commented: “At York House Business Centre, we’ve been diligently transforming this iconic building into a modern, functional business centre designed to meet the needs of contemporary professionals and businesses.

“Our vision for York House is to create a space that not only serves as a practical work environment but also fosters a community of innovation and growth for all its members.

“Every corner of York House has been reimagined to offer the perfect blend of heritage charm and modern convenience, with state-of-the-art facilities that businesses need to thrive in today’s fast-paced world.

“The choice to develop York House into business units was driven by the building’s innate potential and Chesterfield’s growing demand for quality office space. We recognised the opportunity to create something that could truly make a difference for local and incoming businesses.

“York House will play a pivotal role in growing the local economy by attracting diverse businesses and talents to the area. By providing top-notch facilities, we’re helping start-ups, scale-ups, and established companies to operate efficiently, which in turn will generate job opportunities and stimulate economic activity.

“Through York House, we’re excited to contribute to Chesterfield’s growth, helping the town to become an even more desirable place for businesses to set up and flourish.”

The company has also cited several reasons as to why it believes Chesterfield is incredibly attractive to businesses:

  • Strategic location near major cities like Sheffield and Nottingham, while also providing easy access to the Peak District.
  • Excellent transport links, including proximity to the M1 motorway, rail services, and airports.
  • A rich industrial heritage translated into a strong work ethic among the local population.
  • Competitive cost of living and business operation compared to larger cities.
  • Continued investment in local infrastructure, making it a town that’s on the up.

Businesses and professionals who are interested in finding out more about York House Business Centre can do so by visiting Zoopla, or by emailing: Enquiries@sovereignad.co.uk

Find out more about why Chesterfield is the perfect location to start-up or grow your business venture.

York House

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Event to give Chesterfield people the chance to meet local employers

People searching for work in Chesterfield are being invited to a work and wellbeing event, where they can meet employers, find out more about local job vacancies and training schemes and access wellbeing support to help them get back into work.

The event is on Thursday 14 March from 10am in Chesterfield Town Hall.

Councillor Tricia Gilby leader of Chesterfield Borough Council and cabinet member for economic growth, said: “Helping people find new jobs and get back into work helps ensure that we can continue to grow the local economy. Working with our partners at DWP Jobcentre Plus helps maximise the benefits of these events and through engagement with our business contacts we aim to create an informal setting where people seeking work can speak directly to employers and find a good fit for them. If you’re looking for work or planning to change careers this event is here to help you.”

Paul Munday, Employer Adviser at DWP Jobcentre Plus Derbyshire, said: “With the continuing success of these events held in partnership with Chesterfield Borough Council, we are very excited to announce that our next event will be on Thursday 14 March.

“Moving to a new venue, Chesterfield Town Hall, this event will give Chesterfield Residents the opportunity to speak to local employers and find sustainable employment. We’re also proud to be adding a wellbeing side to this event that will help signpost people to organisations and programmes where they can get support to re-enter the workforce.”

The drop-in event is open to everyone, with no need to make an appointment, but job seekers registered with Jobcentre Plus can reserve their place by speaking with their work coach.

As well as job opportunities there will also be several apprenticeship providers who are currently recruiting for new apprentices. An apprenticeship offers a great opportunity to earn while you learn and can help people at any stage in life. Search for apprenticeships in Chesterfield by visiting: www.chesterfield.co.uk/apprenticeships/become-an-apprentice-in-chesterfield/find-an-apprenticeship-in-chesterfield

Derbyshire Careers Service will also be attending the event to promote training courses but also advise job seekers on how they can get support with their CV and interview techniques.

town hall drone shot

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BRM corporate team completes over £85 Million of deals in 12 Months

Regional law firm, BRM has completed more than £85 million in corporate deals in the last 12 months.

BRM’s corporate team, led by Executive Director Sarah Rowland, brought in more than £85 million in high-profile transactions during 2023. The deals spanned a variety of sectors including healthcare, construction, logistics, energy and transport.

Completing more than 20 large transactions last year, BRM, which has offices in Chesterfield and Sheffield, advised on deals including supporting Classic Lifts on one sale and two purchases including their acquisition of Southern Counties Lifts.

2023 also saw the firm’s corporate team advise Synecore Ltd in their sale to H.I.G Capital, as well as advising Sheffield-based All Seasons Energy in their acquisition by Swedish counterpart, Aira.

BRM Executive Director Sarah Rowland predicts another strong year in 2024: “In 2023, we saw a positive deal flow which has been reflected in the volume of deals we managed to complete.

“Although a demanding and busy period, our team has risen to the challenges to provide first-class specialist corporate legal advice to our clients.

“We have had the pleasure of working with some of our long-standing clients in getting their deals over the line and helping them with their strategic goals.

“We predict a buoyant 2024, with yet again another solid pipeline of deals across a variety of sectors. We look forward to another strong year.”

BRM Supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

 

BRM rebrand

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