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Derbyshire residents to benefit from discounted bus travel across the county

A new ticket scheme is set to offer unlimited bus travel across Derbyshire from £6 a day.

Available from 24 April 2023, the new ‘Derbyshire Wayfarer’ tickets are part of a range of improvements for bus travel in the county, funded by the Government. All bus operators in Derbyshire are offering the new tickets.

Derbyshire County council has been awarded £47 million from the Government to improve bus services in Derbyshire, after submitting a Bus Service Improvement Plan. This amount was one of the largest awarded in the country. The new Wayfarer tickets are being funded from this money.

Day tickets can be bought on all buses, or can be bought online and loaded onto special Wayfarer smartcards. Several options are available, including weekly and group tickets. Wayfarer cards will also be available in libraries and tourist information centres.Derbyshire County Council’s Cabinet Member for Highways Assets and Transport, Councillor Kewal Singh Athwal, said: “These new tickets are great news for everyone who currently uses the bus. We hope they will tempt more people to give the bus a go.

“For a small sum of money you can travel all across the county, making it cheaper and easier to get to work, to visit some of our wonderful tourist attractions or perhaps pop to see friends and family.”

“This new discounted travel scheme is one of a large number of improvements that we will be making to bus travel in Derbyshire and we are grateful for the financial support from the Government.”

Roads minister Richard Holden said: “People up and down the country deserve a modern, reliable, and affordable public transport system. That is why we have provided Derbyshire County Council with £47 million to boost its bus services.

“Supporting all bus operators in Derbyshire with providing unlimited bus travel for as little as £6 is great for local residents, who will now benefit and be able to make the most of the fantastic work, business and leisure opportunities Derbyshire has to offer.”

The Wayfarer tickets available are:

  • one day for an adult – £8
  • one day for a young person aged up to 16 – £6
  • one day for a group of up to 2 adults and 3 children – £15.50
  • seven days for an adult – £33
  • seven days for a young person aged up to 16 – £24.60

Wayfarer smartcards can be bought online at sytravelmaster.com. These prices are set for the next 6 months as an introductory offer.

The current Derbyshire Wayfarer ticket will become the Derbyshire Wayfarer Bus and Train ticket.

 

bus chesterfield

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Collaboration leads to eye-catching display at Chesterfield Waterside

Two Chesterfield Champions have collaborated with Chesterfield Borough Council to deliver an attention-grabbing display in and around the Basin Square area of the Chesterfield Waterside scheme.

FWD: Motion, a creative agency based in Chesterfield, managed the branding, design, manufacture, and installation of the new perimeter display at Basin Square working alongside Bolsterstone Group PLC which is delivering the Waterside scheme with Chesterfield Borough Council.

The new site display builds on the brand redevelopment and website build for Chesterfield Waterside which FWD Motion completed in 2019.

Chesterfield Waterside is one of the UK’s largest regeneration schemes; a £340 million sustainable development set in a canal-side environment. Waterside is built across 16 hectares with phase 1 of the development, known as Basin Square, delivering Grade A office space, a hotel, apartments, and a multi-storey car park.

Phase one at Basin Square recently saw the completion and opening of One Waterside Place, a seven-storey large floorplate office funded by Chesterfield Borough Council.

The new display, which features 190 meters of printed and cut vinyl 8x4ft di bond aluminium hoarding boards with protective anti-graffiti laminate, showcases the high quality office space available within the building.

Already two floors of One Waterside Place have tenants – BHP Chartered Accountants and luxury women’s leisurewear company Varley’s, and the new eye-catching display boards are helping to attract the attention of prospective tenants.

Tom Swallow, Development Manager at Bolsterstone Group PLC commented: “It was a pleasure to work with FWD Motion as always on the design of the hoardings. They worked with us to deliver a quality product which compliments the high quality public realm at Chesterfield Waterside. They are helping to create a lot of interest from prospective tenants and investors in both the office building and forthcoming developments at Basin Square and the wider Waterside scheme.”

Emma Cole, Marketing Director at FWD Motion commented: “FWD were delighted to work with Bolsterstone on the aluminium hoardings project, Chesterfield Waterside is a fantastic development for the local area, and we are proud to be a part of that. Working not only on design, but also print and installation means we get to see a project delivered and in use. Seeing it on display makes a real difference as you can visualise the impact it will have in the local surroundings.

“As a fully integrated creative and digital agency we can work with clients on design, print, installation, development, and marketing projects.  We love working with local companies and helping make a positive branding impact.  If anyone has a project they’d like to discuss, we’d love to help.”

Bolsterstone and FWD Motion support the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

One Waterside Place signage

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Full refurbishment completed at The HQ in Chesterfield

Leading property and asset management firm, FI Real Estate Management (FIREM), has completed all phases of a full refurbishment of The HQ, Rowland Hill House to reveal 44,000 sq ft of modern open-plan office space.

The £1.2m project has seen FIREM upgrade the former Royal Mail building to Grade A office space specifically designed for flexible working, offering bespoke and turnkey packages tailored to meet specific business needs and requirements.

After the completion of the first phase in April 2022, FIREM began a second phase of works to the ground and third floors, completing in February 2023.

The rise of hybrid working has created a shift in office requirements for businesses across the region, with The HQ pioneering a new approach in the Chesterfield business community.

Award-winning commercial vehicle hire company, Northgate Vehicle Hire, has recently signed a lease of 8,000 sq ft, alongside other tenants, Derbyshire Police and Reed in Partnership, demonstrating the diversified offering of the office facilities to suit a range of businesses.

Tim Knowles, founder and Managing Director of FIREM commented: “The HQ’s office concept has never been seen before in Chesterfield and reflects the work we are doing to progress Chesterfield’s business offering in line with nearby cities.

“It is arguably the most competitive office product in the Chesterfield market, offering businesses a bespoke turnkey service from day one that can be modified to suit their changing needs and requirements.”

Modern, well connected office spaces are now available across Chesterfield. Regardless of your workspace requirements, from co-working and hotdesking to spacious offices for a large team, our aim is to make you as productive as possible.

To find out more about the wide range of office spaces on offer across the town, go to: https://www.chesterfield.co.uk/business/invest-in-chesterfield/office/

FI Real Estate Management supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

The HQ reception

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North East Derbyshire businesses to benefit from Shop Front Enhancement Scheme

North East Derbyshire businesses are set to benefit from the launch of a new Shopfront Enhancement Scheme, with grants up to £10,000 up-for-grabs.

North East Derbyshire District Council is inviting businesses and landlords with street-facing commercial premises in the district to apply for grants to help improve the visual appearance of their properties.

This means businesses in towns such as Clay Cross, Dronfield and Eckington will be eligible for the support.

Funded through the North East Derbyshire UK Shared Prosperity Fund programme, the Shopfront Enhancement Scheme will not only enhance the character, value and appeal of each individual property, but collectively will have a positive impact on the appearance of the district’s high streets.

Matthew Broughton, North East Derbyshire District Council’s Director of Growth and Assets, said: “The Shopfront Enhancement Scheme is an exciting opportunity for businesses and landlords to improve their properties, helping to make our town centres and high streets a more inviting and vibrant place for residents and visitors to enjoy.”

“The Scheme will have a positive impact on our local communities and make a visible difference to our district whilst also providing an opportunity to make premises more energy efficient and reduce their utility costs and carbon footprints. We look forward to supporting North East Derbyshire District businesses to improve their properties, footfall and help their businesses thrive.”

Grants are available from a minimum of £500 to a maximum of £10,000, a contribution of up to 75% of total project costs.

The scheme could fund the following types of work:

  • New signage, windows, doors, canopies and professional fees
  • Improved energy efficiency
  • Appropriate lighting
  • Access improvements
  • Reinstatement of historical shopfront
  • Stonework repairs
  • Appropriate external art-work
  • External planters or seating

All works must adhere to the recommendations and principles of NEDDC’s Shopfront Design Guide.

For more information on eligibility criteria, the Shopfront Design Guide, and application process, visit the shop front enhancement pages on the council’s website.

For advice about the scheme, Email North East Derbyshire Council’s Economic Development Team.

The Shopfront Enhancement Scheme is the latest project to get underway, as part of a £2.5m package of funding awarded to the Council earlier this year from the UK Shared Prosperity Fund, to spend on initiatives to improve the District’s parks, play areas, shop fronts, tourism offer and business support, amongst other improvements over the coming years.

Clay Cross

Birds’ eye view of Clay Cross Town Centre

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Vicar Lane Shopping Centre invites visitors to celebrate the coronation in St. James’ Square

On Saturday 6th May, Vicar Lane Shopping Centre is set to host a celebration to mark the coronation of King Charles III in St James’ Square for shoppers and visitors alike to enjoy.

Between 10am and 3pm, families can pull up a deckchair on the green in St James’ Square which will be laid out amongst some family favourite giant games.

For those wanting to watch the ceremony, Vicar Lane will be showing the Coronation Service live on their big screen which is due to begin at 11am.

Throughout the day, there’ll be many more activities to marvel at such as stilt walkers, face painters and royal themed entertainers, bringing a sense of joy to Steeplegate and Vicar Lane. no booking is required and all the entertainment is free.

In the lead up to the event, Vicar Lane Shopping Centre are running a very royal social media competition, giving one lucky follower the chance to win a Hamper Fit for A King worth up to £80! Keep an eye out on their social media channels for further details.

Brandon Howard, Centre Administrator at Vicar Lane said: We are very much looking forward to welcoming new and existing visitors to celebrate this significant day that will go down in history with us.

“It is always so great to see the community using the space here at Vicar Lane so we hope everyone will enjoy the activities we have on offer.”

Based in the heart of Chesterfield, Vicar Lane Shopping Centre is  home to a range of popular high-street retailers and a mix of unique independent stores. Find out more about independent retailers in the town, alongside our historic market and market hall at: https://www.chesterfield.co.uk/visiting/shopping/

Find out more about local events taking place to mark the coronation of King Charles III in Chesterfield and North Derbyshire at: https://www.chesterfield.co.uk/visiting/events/

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

Wimbledon Vicar Lane Big Screen

The big screen at St. James’ Square, Vicar Lane

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Derbyshire tourism organisations receive new national accreditation

The two organisations responsible for leading on the promotion, marketing and development of the visitor economy in the Peak District, Derbyshire and Derby have formed a partnership that has been recognised by VisitEngland – in a government programme to establish a new structure for the tourism industry.

Visit Peak District & Derbyshire and Visit Derby have come together as Visit Peak District, Derbyshire and Derby to receive official Local Visitor Economy Partnership (LVEP) status from VisitEngland.

The LVEP programme is a new national portfolio of strategic and high-performing tourism bodies that work in collaboration with local, regional and national stakeholders on shared priorities to support and grow the visitor economy.

LVEP accreditation recognises tourism bodies that can play a critical role in place-shaping, providing effective leadership and management of their destination and ensuring the area is inclusive, accessible and sustainable for visitors both nationally and internationally.

The creation of LVEPs was part of the UK Government’s response to the recommendations of ‘The De Bois Review’, to reshape destination management across England, reducing fragmentation and bringing coherence to its tourism landscape.

As well as a nationally recognised official status, LVEPs will also be able to access expert advice, dedicated toolkits and training programmes from VisitBritain/VisitEngland in areas ranging from distribution, accessibility and sustainability to business support and marketing.

Importantly, LVEPs will also be able to bid for Government funding streams to support the growth of the visitor economy in their area.

Visit Peak District, Derbyshire and Derby has joined the LVEP programme as one of 12 new partnerships alongside Marketing Cheshire, Experience Oxfordshire, Cornwall and the Isles of Scilly, Visit Hull and East Yorkshire, Visit West, Marketing Manchester, Visit Hertfordshire, Visit Kent, Liverpool City Region, Cumbria Tourism, and Birmingham, Solihull and the Black Country.

Jo Dilley, Managing Director of Visit Peak District & Derbyshire says: “Receiving Local Visitor Economy Partnership status is fantastic news for the Peak District, Derbyshire and Derby. Not only does this official accreditation reflect the effectiveness of our strategic approach to growing the county’s visitor economy, but the wide-ranging support we offer to tourism businesses.

“Great destinations are great places to live, work and visit and it’s essential that we work collaboratively to develop our offer and secure further investment. We are very proud to be at the forefront of delivering the ambitions of the De Bois review and welcome the role that we can play in driving forward change, working closely with our partners and local authorities.

“Having this official status will help us grow our visitor economy further, and will ensure the Peak District, Derbyshire and Derby continues to be a compelling destination for both domestic and international visitors.”

Derbyshire County Council Leader Councillor Barry Lewis said: “We strongly backed this LVEP application and to hear it has been successful is wonderful news which will be welcomed by everyone involved in the county’s tourism sector.

“We already have a thriving tourism industry and strong local visitor economy but this will provide a huge boost to the excellent work that is already being carried out by all the partners involved, who continue to attract millions of visitors to our beautiful and varied county from across the country and much further afield.

“The national recognition will lead to more collaborative working locally, regionally and nationally, better access to extra funding and expert advice on hand from VisitBritain/VisitEngland, ensuring every opportunity can be taken to support, promote and grow this valuable sector which benefits so many.”

VisitEngland Director Andrew Stokes said: “VisitEngland is delighted to welcome onto the programme the 12 new LVEPs, who will play a central role in transforming the visitor economy in England in an inclusive, accessible and sustainable way. Ensuring we have the right national and local infrastructure in place to grow our visitor economy will ensure England continues to be a compelling destination, for both domestic and international visitors, for years to come.

“We look forward to working in collaboration with the LVEPs, providing ongoing support including a team of dedicated VisitEngland regional development leads. LVEPs will also have access to resources and guidance from VisitBritain/VisitEngland in areas including product distribution, business support, bidding for funding and marketing.”

VisitEngland welcomed the first three LVEPs, NewcastleGateshead Initiative, Visit County Durham and Visit Northumberland, into the programme earlier this year. They form the pilot Destination Development Partnership (DDP) in the North East of England, led by NewcastleGateshead Initiative, first announced by the UK Government in November 2022. The pilot is a valuable opportunity to prove the DDP concept and the impact the model can have on growing the visitor economy, strengthening the case for future funding.

Visit Peak District & Derbyshire and Visit Derby will work closely with VisitEngland during the LVEP set-up process and beyond, with ongoing support from a dedicated VisitEngland regional development lead.

staying tourists

 

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Shorts acts as lead advisor on £18 million sale of car parts manufacturer

Shorts recently teamed up with Freeths to act as lead advisors and legal representatives to AML Juratek Ltd in their sale to Brazilian car parts manufacturer, Fras-Le in a deal worth £18.2m.

Founded in 1995, Juratek Ltd supply high-quality automotive aftermarket braking products for both Light & Commercial Vehicles, from its head office in Doncaster.

The Company employs 50+ people and distributes around the world. Matt Robinson (Managing Director), Toby Whewell (Sales & Marketing Director) and Mark Clegg (Operations Director) took over full control of the business in 2019 following a Management Buyout, and the business subsequently acquired Braking specialists Bettaparts in 2021 before now selling to Fras-le.

Andy Ryder, Partner at Shorts commented “Having assisted Matt, Toby and Mark through a number of transactions over the last 4 years, it has been an absolute pleasure to have advised them through the latest stage of the Juratek journey.”

Matt Robinson added: “We were delighted to conclude the transaction with the support of Shorts and Freeths. It is a fantastic deal for the shareholders but also the start of an exciting journey for the company under the ownership of Fras-Le.”

On announcing the news, President and CEO of Fras-le, Sergio L. Carvalho was quoted on Fras-le’s website as saying: “With this strategic action we reaffirm our position as one of the largest portfolios of brands for the auto parts aftermarket, expanding the model that has been working in Brazil for new markets; allowing even more growth, important operational synergies and adding value to our business and quality in delivering solutions to our customers.”

With a long-standing heritage of over 130 years, Shorts has grown from a local business to a nationally recognised award-winning firm which is home to a wide range of experts and specialists.

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

Shorts Juratek sale

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Peak Edge Hotel crowned in prestigious National Pub & Bar Awards

Peak Edge Hotel has been awarded Derbyshire’s Pub of the Year in the National Pub & Bar Awards 2023.

The National Pub & Bar Awards aims to put exceptional on-trade businesses across the UK in the national spotlight, showcasing the hospitality industry’s diversity, creativity, and vital importance to the UK economy.

Peak Edge Hotel, which has been selected on overall best practice across several operational categories, will be officially crowned with the accolade at a glittering celebration on the 28th June.

Nestled on the edge of the Peak District, Peak Edge Hotel is an independently owned hotel and restaurant, which provides guests with a luxurious place to unwind and indulge.

Steve Perez, Chairman and Founder of Global Brands & Casa Hotels Group said: “Myself and the team at Red Lion at Peak Edge are delighted to be shortlisted for the Best Pub in the East Midlands.

“We’ve been working tirelessly at the venue, through difficult times for hospitality renovating and expanding the premises over the past five years, honouring the heritage of the building while providing a fantastic space to serve locally sourced food.

“Being shortlisted for this award really recognises how hard the staff have been working – from our brilliant Executive Chef Ben who’s always working on new seasonal menus, to Craig, the Farm Manger at our Walton Lodge Farm Estate, who supplies the high quality Dorset lamb, Belted Galloway Beef, Black Berkshires pigs, egg from our hens, honey from our bees and herbs from the garden just 1.3 miles away from the restaurant, for a true taste of the Peak District.”

Tristan O’Hana, Editor of Pub and Bar Magazine, which runs the awards, commented: “We were overwhelmed by the level and quality of entries this year.

“It just goes to show what magnificent work is going on across the UK hospitality sector. With outrageous energy costs, recruitment shortages and a punishing taxation system, these businesses are once again facing tough times.

“Now, more than ever, it’s vital that people support their local pubs and bars. So, ahead of the long Easter weekend, why not check out the finest in your county?”

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

The Garden Room at Peak Edge

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Hundreds of butterflies to go on display at Chatsworth to support Ashgate Hospice

Hundreds of butterflies will go on display as part of a stunning installation at picturesque Chatsworth between 23rd May and 12th June.

Ashgate Hospice’s poignant Butterfly Appeal, which is sponsored by Graysons Solicitors, offers people the opportunity to remember a loved one with a handcrafted, stainless steel butterfly.

Then from 23rd May to 12th June, the butterflies, which have been created by local sculptor James Sutton will be installed at Chatsworth as part of a touching display for people to view. Every butterfly on display will represent a loved one being remembered.

Supporters can get their butterfly in return for a suggested donation of £25, which will help fund the hospice’s care for families across North Derbyshire.

Tracie Holocuk will be dedicating a beautiful handcrafted stainless-steel butterfly in memory of her “fun, intelligent and caring” daughter, Kimberley Trickett.

Tracie, 57, from Chesterfield, said: “The camaraderie of the staff and volunteers brightened up our days and nights. The Ashgate angels helped us so much by being there whenever we needed anything.

“Our dog Bracken was also allowed to come and see Kim and the food was restaurant standard; they will bend over backwards to give their patients everything and anything they could possibly want.

“It’s just a home from home and my special memories of our time there are still so vivid.”

Tracie added: “I once said to Kim in the hospice ‘what are you going to come back as then?’ She replied: ‘Don’t ask daft questions, a butterfly of course!’

“All our family and friends truly believe that whenever we see a butterfly it’s Kim popping by to say hello and it’s a reminder to be positive and grateful to be alive.

“She was always my beautiful butterfly, so when the hospice told me they were holding a Butterfly Appeal it was just meant to be.

“I hope other families will join me in dedicating a beautiful butterfly keepsake in memory of their loved ones, so the hospice can be there to help people like my Kim in years to come.”

To find out more about the appeal, go to: https://ashgatehospice.org.uk/butterfly-appeal/

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

ashgate butterfly appeal

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Progress continues at Horizon 29 development in North Derbyshire

A new industrial development near the M1 in North Derbyshire is progressing rapidly, and is expected to total over one million sq.ft of space once complete.

Horizon 29, located in Bolsover is strategically positioned with J29a of the M1 only a mile away, providing excellent access to the UK’s national motorway network. The scheme extends to 53 acres offering a variety of unit sizes, ranging between 73,174 – 249,995 SQ FT across three phases.

Construction is now 80% complete at Horizon 29 for Phase 1A, and 40% complete for Phase 1B. Cladding has completed for Units 1 and 2 and internal works are progressing rapidly. Steelwork is nearing completion for Phase 1B.

Horizon 29 is an outstanding development for a diverse range of businesses seeking to optimise their distribution network in the East Midlands and to the rest of the UK.

Sustainable features of the industrial and development hub include solar PVs, air source heat pumps, enhanced cladding, responsibly sourced sustainable materials, LED lighting and electric vehicle charging points.All external works are being undertaken by McLaren Construction (Midlands & North) including general hardstanding, car-parking, electric vehicle charging points, landscaping, mains services and drainage.

Gary Cramp, managing director of McLaren Construction (Midlands and North), said: “We are delighted that works are progressing well at Horizon 29 P1B and we’re on track for completion this summer. In a prime location in the Midlands, Horizon 29 will be a premier distribution centre for the region, and an ideal hub for quality tenants looking for direct and easy access to the M1 north and south.

Dick Smallman, construction director at Equation Properties, said: “We are delighted to be working with McLaren on the second phase of this prestigious development, the scheme is progressing extremely well. This is a high-quality product in a premier location.”

To find out more about the current developments taking place across Chesterfield, alongside the benefits the town can offer to businesses investing here, go to: https://www.chesterfield.co.uk/business/invest-in-chesterfield/

Horizon29

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Signs of growth and confidence among businesses for year ahead, finds East Midlands Chamber study

After suffering a series of knocks over the past three years, East Midlands businesses are finally optimistic about what 2023 could bring, according to new research into the state of the region’s economy.

Uncertainty has been replaced with confidence, there has been a turnaround in sales and companies are now expecting to employ more people once again, East Midlands Chamber’s latest study illustrates.

Economic indicators covered by the business representation group’s Quarterly Economic Survey (QES), which is delivered in partnership with the University of Leicester School of Business, have been largely negative since the end of 2021, but they are all now heading in the right direction during the first quarter of 2023.

East Midlands Chamber director of policy and insight Chris Hobson said: “Following an uncertain end to 2022, these latest findings demonstrate how businesses are beginning 2023 by displaying signs of growth and an increasing confidence for the year ahead.

“Sales and advanced orders are steadily growing, cashflow is improving – although there are still significantly more businesses reporting a decline in cashflow (35%) as opposed to an increase (22%) – and price pressures continue their gradual drop-off.

“The relative certainty in the policy environment, at least compared to the constant flip-flopping that came before, is now leading to a significant upturn in business confidence and, therefore, investment intentions, which are crucial if we are to steer the economy back on track and achieve consistent growth.

“While the region’s unemployment rate has been at historically low levels in recent times, our research had shown a decline in employers recruiting – mainly due to an extremely tight labour market driven by escalating numbers of economically inactive people since the dawn of the pandemic combined with longstanding skills shortages.

“So it’s pleasing to see a positive swing, with a 7% increase in the proportion of businesses recruiting in the past three months and a 14% improvement in those expecting to add to their workforce before the summer, as this generates jobs and prosperity locally.

“While all this paints a far healthier picture than at the end of 2022, caution is required as many of these indicators are still down from where we were a year ago.

“We are moving slowly in the right direction but Government support is still required to ‘get the basics right’ by knocking down the everyday barriers to doing business, and then backing our firms to grow the economy by focusing on the ‘four Is’ – investment, innovation, infrastructure and international trade – all of which is laid out in our Business Manifesto for Growth.”

East Midlands Chamber QES Q1 2023 data

Key findings from the Quarterly Economic Survey Q1 2023 for the East Midlands*, which was completed by 347 organisations between 13 February and 9 March, included:

  • UK sales grew by a net 1% between Q4 2022 and Q1 2023, with UK advanced orders up by 15%. Overseas sales and advanced orders were both up by 6% quarter on quarter
  • A net 12% of businesses added to their headcount in the first three months of 2023, marking a 7% increase compared to the previous quarter, while a net 30% of firms expect to recruit new staff in the next three months – a 14% increase
  • Recruitment problems persist but are dropping off gradually – six in 10 (59%) businesses attempted to recruit in Q1 2023 and, of those, 73% faced problems filling roles, but this was down from 81% in Q4 2022
  • A net 52% of businesses expect they will be forced to raise prices as they grapple with rising costs for people, energy, raw materials and fuel – although this is down from 57% in the previous quarter
  • While a net 13% of firms reported a decrease in cashflow, there was a 4% positive swing
  • Investment intentions are now trending upwards, with a 12% increase quarter on quarter in the net proportion of firms saying they will invest in training and a 6% rise for investing in plant and machinery
  • Business confidence is now in positive territory, with a net 39% optimistic about growing turnover over the coming year – a 15% rise compared to last quarter – and a net 8% (up by 11%) expecting to improve profitability.

Professor Mohamed Shaban, associate dean for business and civic engagement at the University of Leicester School of Business, said: “The survey results are yet another testament to the resilience of businesses in the East Midlands.

“Despite the challenges in the past few years, businesses have successfully navigated their way through the uncertain domestic and global economic environment.

“Businesses have endured credit tightening, an inflationary environment, supply chain disruptions and skilled labour shortages, which have collectively hindered the possibilities for growth.

“New initiatives are required to support businesses to invest in technologies that help them achieve higher levels of automation, nudge them towards net zero goals and empower them to invest in upskilling employees.”

Commerce House

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