east midlands chamber

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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East Midlands Chamber launches Generation Next Awards 2024 to celebrate region’s young talent

Young business talent across the East Midlands will be showcased through the Generation Next Awards as the programme launches its 2024 season.

The awards are the showpiece programme of Generation Next – a network for young professionals and entrepreneurs aged between 18 and 35, which is run by East Midlands Chamber in conjunction with headline partner the University of Derby.

It features 12 categories, ranging from a Start-up Award and Customer Service Award through to Innovation and Technology Award and the Generation Next Future Leader.

The programme includes a new addition, the “Investing in Young Talent Award”, that recognises forward-thinking businesses which provide mentorship, training and growth opportunities for young professionals.

The application process of each category award is streamlined to a “one form fits all” method involving a reduced number of questions.

Lucy Robinson, East Midlands Chamber’s director of resources and Generation Next lead, said: “The Generation Next Awards are a celebration of the amazing young talent within the East Midlands, and our diverse programme recognises the next generation of business who make outstanding contributions to their communities.

“We want to encourage young professionals from across the region to tell their story and celebrate their successes.”

This year’s ceremony will be held on 4 July, and the venue will be confirmed in the coming months.

Entries are open for the 2024 awards until Monday 11 March. They can be submitted either by individuals within the 18 to 35 age bracket or on their behalf by a colleague or line manager.

Applications can be downloaded at www.generationnextemc.co.uk/awards and should be emailed to the Generation Next team at gennext@emc-dnl.co.uk upon completion.

Generation Next Awards 2024 categories

  • Future Leader Award (sponsored by the University of Derby)
  • Apprentice of the Year Award (sponsored by Loughborough College)
  • Creators and Makers Award (available for sponsorship)
  • Customer Service Award (sponsored by Express Recruitment)
  • Entrepreneur of the Year Award (available for sponsorship)
  • Environmental Warrior Award (sponsored by Hydropath Technology Group)
  • Equality, Diversity and Inclusivity Award (sponsored by Futures Housing Group)
  • Innovation and Technology Award (sponsored by Hardy Signs)
  • Rising Star Award (sponsored by Nottingham Trent University)
  • Start-up Award (sponsored by University of Nottingham)
  • Volunteering and Charitable Impact Award (sponsored by ITS Technology)
  • New for 2024 – Investing in Young Talent Award (available for sponsorship)

Generation Next Awards 2024

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Chamber lands global accreditation for workplace wellbeing

East Midlands Chamber is helping to set the bar for workplace wellbeing after landing a global accreditation – with the help of the region’s top expert in the field.

The region’s largest business representation group has achieved the WELL Health-Safety Rating at its offices in Chesterfield and Nottingham, following consultancy support from workplace consultants and office fit-out specialists Blueprint Interiors, based in Ashby-de-la-Zouch.

Administered by the International WELL Building Institute (IWBI), the rating is an evidence-based, third-party verified rating for buildings that focuses on operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-Covid environment now and into the future.

WELL certification helps large and small businesses to take the necessary steps in order to prioritise the health and safety of their staff, visitors and stakeholders by reviewing environmental aspects such as air and water quality, nourishment, light, noise and comfort.

The WELL Health-Safety Rating focuses on stakeholder engagement, health resources, emergency preparedness and cleaning procedures. East Midlands Chamber director of resources Lucy Robinson said: “The pandemic shone a new light on how we manage workspaces in order to instil confidence among employees and visitors who use our buildings, whether it is everyday or on a hybrid working basis.

“We therefore felt it was important to adopt a recognised standard to ensure our buildings support the wellbeing of our people when they are working from the office in order to support collaboration with colleagues.

“Working closely with our patron Blueprint Interiors, we focused on areas including air and water quality management, cleaning and sanitation, emergency preparedness, health service resources, and stakeholder engagement and communication.

“As a result of these efforts, we are delighted to have received the WELL Health-Safety Rating, which we believe will enhance our offer as an employer of choice in the region while also acting as an exemplar for our 4,000-plus members.”

Workplace design consultancy and interior fit-out specialist Blueprint Interiors became the first company in the East Midlands to achieve the WELL Health-Safety Rating in 2021, and now supports other businesses to meet the requirements for accreditation.

Rebecca Beadle is a WELL-accredited professional, and lead project designer and well-being specialist at Blueprint Interiors.

She said: “We are continuously innovating in order to bring workplace consultancy, practical processes, sustainable building techniques, psychological theory, data insights and accreditations such as the WELL Building Standard together to ensure workplaces meet the needs of the people that use them. East Midlands Chamber has fully embraced all these principles and we are pleased to have been able to support it to achieve this prestigious rating.”

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

Dean Symonds and Lucy Robinson

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General Election must not get in way of businesses, says Chamber

The uncertainty surrounding when a General Election takes place must not get in the way of businesses’ ability to drive forward the growth that will bring down inflation and boost wages.

This was the view of business leaders speaking at East Midlands Chamber’s Annual State of the Economy Conference.

On the day the Bank of England kept the base rate at 5.25%, the highest point in 15 years, and 24 hours after the latest economic data showed the UK’s GDP shrank more than expected by 0.3% in October, speakers made the case for cross-party consensus on key economic issues such as skills, productivity, and research and development – which they said are crucial to raising business investment from its current low bar.

Among the business leaders and economists were Institute of Directors director-general Jonathan Geldart, Barclays global head of transactional FX sales Sat Khuntia, PwC East Midlands partner Alex Hudson, Freeths Leicester managing partner Lisa Gilligan, Future Life Wealth Management founder and divisional director Jillian Thomas, and Mukesh Bulsara, partner at business advisory services firm Coadax and vice-chair of Leicestershire Business Voice.

Data from the Chamber’s latest Quarterly Economic Survey, run in partnership with the University of Leicester School of Business, was presented to give a snapshot of the past year. It showed how after a general improvement in activity and sentiment throughout the first half of 2023 there has been an overall slowdown towards the end of this year.

Historical trends show activity often slows ahead of a General Election

East Midlands Chamber director of policy and insight Chris Hobson said: “Our Quarterly Economic Survey results for 2023 can be viewed as a game of two halves, with the recent slowdown underpinned by a decrease in advanced orders – both at home and overseas – along with a weakening labour market, flat investment intentions and a decline in cashflow performance.

“Driving this has been, firstly, fiscal pressures from 14 consecutive increases in the base rate by the Bank of England. It may be the lag time between rate hikes and subdued consumer demand has now passed and we are experiencing the full impact of that prolonged, proverbial belt-tightening.

“Away from this, we’re also experiencing an unpredictable political environment, with multiple ‘resets’ as the country gears up for a General Election. This has meant an increase in policy announcements, arguably with more of an eye on positioning as opposed to meaningful growth strategies for UK plc.

“Looking at historical trends via our State of the Economy Index, it’s not unusual to see things slow down ahead of an election, but the concern is that continued uncertainty about when this might take place could act to lengthen the duration of this for businesses.

“Sentiment is an incredibly powerful – and often underestimated – factor in economic activity. As businesses seek surety over the environment into which they’ll be investing over the coming 12 months, it’s incumbent on all parties to ensure we don’t allow the nature of our political cycles to mean we are found wanting.

“But one note of confidence – this time 12 months ago, many were predicting a recession in 2023 that never materialised. And when talking to individual businesses, the big picture trends we see are hiding many, many positive stories of growth and success.”

East Midlands Chamber Quarterly Economic Survey Q4 2023 findings

Key findings from the Quarterly Economic Survey Q4 2023 for the East Midlands, which was completed by 370 organisations between 6 and 30 November 2023, included:

  • UK and overseas sales have each remained steady throughout the year, increasing by a net 2% between the third and fourth quarters, but there were declines in advanced orders for a net 9% and 10% for UK and overseas respectively
  • Recruitment has slowed with a net 8% drop in businesses that added to their headcount in the prior three months compared to the previous quarter, although there was a net 1% rise in firms expecting to increase their workforce in the next three months
  • Many employers continue to face challenges with filling job vacancies – 55% of organisations attempted to recruit and, of those, more than seven in 10 (72%) experienced problems in finding suitable staff. Skilled manual and technical, and professional and managerial roles were the most difficult to fill.
  • After easing throughout the year, price rises are back on the agenda. In Q1, 54% of businesses had expected to increase their prices due to cost pressures from energy, raw materials, people and fuel. This fell to 30% in Q3 before rising again to 40% in the final quarter of the year, with increased labour costs the main driver
  • A net 7% of firms reported cashflow was down in Q4, a 6% rise from the previous quarter
  • There was no difference in intentions to invest in plant and equipment between the third and fourth quarters, but investment intentions for training increased by 5%. Both indicators have remained very low throughout 2023, with the total proportion of firms intending to increase their investment never climbing above 20%
  • Business confidence shows a mixed picture, with confidence in profitability prospects down by 2% compared to the previous quarter but up by 4% for turnover expectations.

Chris Hobson speaking at the Annual State of the Economy Conference

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Regional unemployment rate remains among lowest in the UK

The East Midlands’ unemployment rate has remained at 3.7% for the fifth month running, new figures by the Office for National Statistics (ONS) show.

It puts the region near the top of the list for having a low proportion of over-16s out of work and significantly below the UK average of 4.2%.

The data, for the period between August and October 2023, means the region’s unemployment rate has now been under 4% for the past two years, having last been above the threshold in the three months to October 2021.

The economic inactivity rate for 16 to 64-year-olds – which measures the number of working-age people who have dropped out of the labour market for reasons such as retirement, caring duties, long-term ill health or studying – remained at 20.9% for the East Midlands for the third consecutive month, above a pre-pandemic trend around the 19% mark.

East Midlands Chamber chief executive Scott Knowles said: “The fact our region’s unemployment rate has remained at a relatively low level for such a prolonged period is testament to the efforts and resilience of our region’s business community in the face of significant economic challenges.

“Rising economic inactivity has been one of the greatest concerns over the past couple of years as it led to a dwindling labour market, which has restricted capacity – and therefore the ability to grow, raise productivity and bring prices down.

“While this rate remains above pre-Covid levels, it’s pleasing to see this has now come down by about 2% throughout this year, giving firms more room to manoeuvre.

“However, our own research shows there is no room for complacency. Our Quarterly Economic Survey shows a net 7% of businesses have increased their workforce during the final three months of 2023, compared to a net 15% in the previous quarter – an indication of the tough trading challenges that persist. Over the next three months, a net 17% expect their workforce to expand in size, so prospects may improve.

“Many employers continue to face challenges with filling job vacancies. More than half (55%) of organisations attempted to recruit during Q4, and more than seven in 10 (72%) of these experienced problems in finding suitable staff. There are particular shortages to fill skilled manual and technical roles, as well as professional and managerial positions.”

East Midlands Chamber published its regional economic blueprint, titled A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, in November last year, urging Government to focus on the “four Is” of investment, innovation, infrastructure and international trade.

It set out a list of policies to encourage businesses to invest in their people, including introducing flexible incentives for businesses that invest in staff training and bringing forward the introduction of the Lifelong Loan Entitlement to support retraining and the retainment of an older workforce.

Scott added: “We really need a dedicated Government policy that supports companies to invest in their people, whether that be in upskilling their existing workforce or reskilling prospective employees to fill skills gaps.

“We must also tailor policies to recognise the diversity of people who are out of work and avoid a one-size-fits-all solution. We would also like to see Government work with businesses to offer support, and share best practice, on what a flexible and inclusive workplace looks like as this is another vital ingredient in enticing people back to work.”

To read the Chamber’s Business Manifesto for Growth, A Centre of Trading Excellence, visit www.emc-dnl.co.uk/manifesto.

 

Scott Knowles

Scott Knowles, Chief Executive of East Midlands Chamber

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Businesses urged to find out more about Chesterfield Accelerator support scheme

A range of new business support programmes that aim to provide advice and funding for both established and start-up businesses has been launched in Chesterfield.

Chesterfield Borough Council and East Midlands Chamber launched the support projects at an event at Chesterfield Football Club’s SMH Group Stadium on Thursday 7 December.

The Chesterfield Accelerator initiative, which will be run by East Midlands Chamber but funded by Chesterfield Borough Council through the UK Shared Prosperity Fund (UKSPF), includes a dedicated local business advisor, access to a range of courses and workshops on a variety of topics which are free for local businesses to attend.

Chesterfield Borough Council has also launched a new business grant scheme funded through the UKSPF. The grants are open to any business based in Chesterfield and can be used to support initiatives designed to help the business grow.

Councillor Tricia Gilby, Leader of Chesterfield Borough Council and cabinet member for economic growth, said: “We are an ambitious borough with our sights firmly set on growing the local economy to create new jobs and improve the quality of life for our residents.

“We recognise the importance of working closely with local businesses to deliver growth. Our business support packages aim to help businesses in any sector and of any size to realise their potential. From providing tailored business advice to business grants and hosting workshops, there is a wide range of support available.

“I encourage any business owner in Chesterfield to look closely at the support we can provide and to get in touch with us as soon as possible to access these business support programmes.”

The Chesterfield Accelerator is one of 16 Accelerator programmes being run by the Chamber across the East Midlands. The programme includes access to a dedicated business advisor who can provide advice on a wide range of issues relevant to businesses.

It also includes access to training workshops designed to support development in areas like digital skills; a subsidy for a 12-week executive leadership programme; support to apply for grant funding; networking sessions; vouchers for specialist consultancy programmes; and energy saving audits.

Diane Beresford, Deputy Chief Executive of East Midlands Chamber said: “It was standing room only at today’s launch event, such is the interest of local businesses in the new Chesterfield Accelerator project, decarbonisation grants and the business grants on offer from the Council.

“The Chamber and Council have a great track record of partnering on such initiatives, including on the Chesterfield Digital High Street Project which brought much-needed footfall to the town’s high street businesses. We’re now looking forward to reaching a much wider range of sectors to give businesses the skills and resources they need to build in the most robust way for the future.”

As well as the Chesterfield Accelerator, businesses in Chesterfield can access the new grant scheme that could provide 80% of the cost of investments designed to help a business grow or expand. This could include the cost of new equipment – for instance a local café could apply for new machinery that would help expand their menu. These grants are only available for a limited time, and businesses are advised to apply as soon as possible.

Green business grants are also available to help businesses to reduce their carbon footprint.

The new initiatives complement the existing business support offer in Chesterfield which includes a local business advisor who can provide advice and support on a range of relevant issues. These include:

  • An Innovation Support Programme which includes regular workshops designed to give business leaders information around new topics and industry standards.
  • A skills brokerage service which aims to provide local businesses with advice around skills development, including apprenticeships and will signpost them towards relevant training courses.
  • As part of Vision Derbyshire anyone in Chesterfield looking to start their own business can access specialist start-up advice and grant funding to help with the initial costs.
  • Chesterfield Borough Council also runs a dedicated commercial property service.  Through this service landlords can advertise properties for free and business owners looking for premises can receive advice on the types of property currently available.

Find out more about the wide range of business support programmes available in Chesterfield.

Chesterfield Accelerator launch

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East Midlands can ‘lead the way’ in energy transition, Midlands Energy Summit hears

The East Midlands has the potential to “lead the way” in the energy transition to net zero by holding some of the key ingredients – but businesses need more support to make changes right now.

These were two of the headline messages at the Midlands Energy Summit, held by East Midlands Chamber at the University of Nottingham’s Trent Building yesterday (Thursday 30 November).

Speakers from major organisations including Toyota, Uniper, National Grid and the East Midlands Freeport gave an insight into some of the clean energy activities happening in the region, including in hydrogen, nuclear fission and nuclear fusion.

A new East Midlands zero-carbon innovation centre, which aims to transform cutting-edge green research at the University of Nottingham and Loughborough University into commercial products, was announced by the Freeport’s chief executive Tom Newman-Taylor at the event – with the Freeport contributing £5m over funding towards the initiative.

East Midlands Chamber director of policy and insight Chris Hobson said: “With three of the big bases for future energy provision – hydrogen, nuclear fusion and nuclear fission – being developed here in the East Midlands, across a range of nationally-critical projects and research that is backed by public and private sector investment, we are leading the way in the energy transition.

“It was fascinating to hear more about some of these plans from the major players in these areas, and the new East Midlands zero-carbon innovation centre is an exciting initiative that taps into these strengths while developing new sectors that will deliver further investment and high-quality jobs for our communities.

“But while the future holds plenty of promise, we mustn’t forget about what we can do here and now to make gains in the green agenda. Toyota is a great example of a company making small adjustments to save lots of energy and while some of these learnings can be passed down through the supply chain, there is plenty more we can do.

“Small businesses tell us they want to make the necessary changes to decarbonise their operations, and many are already taking huge strides forward, but require more support.

“Our Sustainable East Midlands initiative can signpost businesses to funded programmes, events and best practice. More broadly, it’s crucial for businesses, the public sector and universities to work closer together to develop research and roll out new technologies that will help the East Midlands and UK to become a world leader in the net zero economy.”

Midlands Energy Summit - Scott Knowles

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East Midlands economy shows resilience as regional unemployment remains under 4%

The East Midlands’ unemployment rate has remained at 3.7% for the fourth month running, new figures by the Office for National Statistics (ONS) show.

The data, for the period between July and September 2023, means the proportion of working-age people in the region who do not currently have a job but are actively looking for work has been below 4% since the three months to October 2021 – almost two years.

Nationally, the unemployment rate is half a percentage point higher at 4.2%, although the economic inactivity rate for 16 to 64-year-olds – which measures the number of working-age people who have dropped out of the labour market for reasons such as retirement, caring duties, long-term ill health or studying – is 21% for both the UK and East Midlands. This remains above a pre-pandemic trend around the 19% mark.

East Midlands Chamber chief executive Scott Knowles said: “The fact our region’s unemployment rate has remained at a relatively low level for such a prolonged period is testament to the efforts and resilience of our region’s business community in the face of significant economic challenges.

“Rising economic inactivity has been one of the greatest concerns over the past couple of years as it led to a dwindling labour market, which has restricted capacity – and therefore the ability to grow, raise productivity and bring prices down.

“While this rate remains above pre-Covid levels, it’s pleasing to see this has now come down by about 2% throughout this year, giving firms more room to manoeuvre.

“However, our own research shows there is no room for complacency. Our Quarterly Economic Survey has highlighted a slight growth in the region’s workforce, with 60% of East Midlands businesses adding to headcount in the first quarter of 2023, rising to 62% in Q2 and 63% in Q3.

“Employment prospects look weaker going forward with the proportion of firms expecting to recruit in the coming months falling by a net 8%, amid slowing demand for our region’s businesses products and services from both domestic and international customers.

“Many employers continue to face challenges with filling job vacancies. While 58% of organisations attempted to recruit during Q3, two-thirds (67%) of those experienced problems in finding suitable staff.

“This illustrates how we really need a dedicated Government policy that supports companies to invest in their people, whether that be in upskilling their existing workforce or reskilling prospective employees to fill skills gaps.

“In our regional economic blueprint, A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, investment is one of the ‘four Is’ we urge Government to prioritise – and next week’s Autumn Statement provides a great opportunity to address this.

“We have set out a list of policies we believe will make the required difference, including introducing flexible incentives for businesses that invest in staff training and bringing forward the introduction of the Lifelong Loan Entitlement to support retraining and the retainment of an older workforce.

“We must also tailor policies to recognise the diversity of people who are out of work and avoid a one-size-fits-all solution. We would also like to see Government work with businesses to offer support, and share best practice, on what a flexible and inclusive workplace looks like as this is another vital ingredient in enticing people back to work.”

Chesterfield has a quality workforce, and sits between several universities in Sheffield, Nottingham and Derby. Find out more about why our town is an excellent location to base your business. 

Commerce House, East Midlands Chamber

Posted in About Chesterfield, Apprentice Town, Business, Development, Home, Made in Chesterfield, Property and Construction, UncategorisedTagged in , , , , ,

Chesterfield Champions win prestigious Derbyshire Business Awards

Two businesses in the town’s network of Chesterfield Champions have taken home prestigious accolades at East Midlands Chamber’s Derbyshire Business Awards.

The ceremony recognised East Midlands Chamber members across 13 categories, ranging from Excellence in Innovation and Environmental Impact at organisational level through to individual honours for Entrepreneur of the Year and Apprentice of the Year, in addition to the overall Business of the Year winner.

Chesterfield’s EcoTech Engineers won the award for Outstanding Growth (Sponsored by Amazon), while Rose Cottage Doggy Day Care took home the accolade for Excellence in Innovation (sponsored by Rolls-Royce).

Finalists, chosen by a judging panel of the Chamber’s senior leadership and board of directors, as well as sponsors, discovered their fate during a gala dinner attended by 350 people at Derbyshire County Cricket Club.

Scott Knowles, chief executive of East Midlands Chamber, said: “The winners of our Business Awards are testament to the resilience, ingenuity and hunger for growth within the Derbyshire business community, which never ceases to amaze.

“Despite some of the relentless challenges that have been thrown their way, our region’s businesses continue to find new ways of succeeding and contributing to the communities in which they are based.

“It’s always important to celebrate these achievements and shout about the great things happening right here in Derbyshire. We know it’s a fantastic place to do business and these organisations are shining examples.”

The Derbyshire Business Awards – one of three awards hosted by the Chamber, along with Leicestershire and Nottinghamshire – were hosted by former badminton world champion Gail Emms MBE and featured live entertainment from high-energy party band Central Avenue.

A raffle was held to raise funds for the Chamber Charitable Fund, which comprises president Stuart Dawkins’ three chosen charities for this year – Foundation Derbyshire, Leicestershire and Rutland Community Foundation, and Nottinghamshire Community Foundation.

chamber business awards 2023 rose cottage

Winners of Derbyshire Business Awards 2023, in association with headline partner Mazars

Business Improvement Through Technology (sponsored by Purpose Media)

Coach Hire Comparison

Community Impact (sponsored by University of Derby)

Derventio Housing Trust

Outstanding Growth (sponsored by Amazon)

EcoTech Engineers

Excellence in Collaboration (sponsored by ITS Technology Group)

Colleague Box and Blue Light Card

Environmental Impact (sponsored by Futures Housing Group)

HSG UK

Commitment to People Development (sponsored by think3)

Midland Lead

Apprentice of the Year (sponsored by Toyota Manufacturing UK)

Leah Bancroft – Longbow Bars & Restaurants

Entrepreneur of the Year (sponsored by East Midlands Manufacturing Network)

Steven Thai – Ocean King

Education and Business Partnership (sponsored by Concertus)

EMA Training

Excellence in Customer Service (sponsored by Howden)

Reformed IT

Excellence in International Trade (sponsored by East Midlands Freeport)

Bloc Digital

Small Business of the Year (sponsored by University of Derby)

Bloc Digital

Excellence in Innovation (sponsored by Rolls-Royce)

Rose Cottage Doggy Daycare

Business of the Year (sponsored by Mazars)

Midland Lead

EcoTech Engineers and Rose Cottage Doggy Day Care support the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

Derbyshire Business Awards 2023 winners

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East Midlands Chamber secures £8.9m funding to deliver new generation of business support

Businesses in the region are to receive a significant boost to their operations with a helping hand from East Midlands Chamber’s new generation of business support.

The chamber of commerce for Derbyshire, Leicestershire and Nottinghamshire has secured £8.9m of public funding until March 2025 to deliver its Accelerator project, which aims to provide one seamless point of entry for relevant business support.

It comprises key activities under the strands of net zero, innovation, digital and finance, with the aim of helping companies at all stages of their development to start, sustain, grow and innovate.

The East Midlands Chamber Accelerator project brings together a number of publicly-funded contracts including the UK Shared Prosperity Fund (UKSPF), a key part of the Government’s levelling up agenda to enhance communities, businesses and skills; Innovate UK EDGE, which helps innovative SMEs to grow and achieve scale; and Made Smarter East Midlands, which assists manufacturers in switching to advanced and automated technologies.

Diane Beresford, deputy chief executive of East Midlands Chamber, said: “The East Midlands Chamber Accelerator programme has been carefully designed to provide businesses across the district with the right support, at the right time.

“At the heart of the project is a team of locally-based advisers and specialists, employed by the Chamber, who will offer high-intensity support to businesses seeking to grow, create new jobs or exploit technology to improve performance.

“Working with an adviser or specialist will be a key ingredient for businesses interested in taking advantage of Accelerator support and a diagnostics report will show them where best to point their energies.”

Key activities will be delivered under the strands of net zero, innovation, digital and finance to help businesses achieve the following:

  • Develop new-to-the-firm technologies
  • Improve productivity
  • Safeguard and create jobs
  • Adopt new digital technologies and processes
  • Engage in new markets
  • Improve productivity
  • Introduce new products and services
  • Increase revenue
  • Make progress on their journey to net zero.

The Net Zero Accelerator will build on the success of the Sustainable East Midlands campaign to deliver events, workshops, and the opportunity for an energy-saving and improvement opportunities audit.

Other investment themes include increasing investment in research and development at local level, with a focus on commercialising ideas and accelerating the path to market; improving training hubs, incubators and accelerators to support entrepreneurs and start-ups through the early stages of development and growth; and taking a whole systems approach to infrastructure investment that delivers effective decarbonisation across energy, buildings and transport.

While the Accelerator programme is open to participation from all sectors, there is recognition that manufacturing, visitor economy, retail and services businesses are critically important sectors that warrant targeted support.

The East Midlands Chamber Accelerator programme will build on the success of the Growth Hub service via a range of fully-funded action-planning workshops delivered locally on topics such as finance, carbon efficiency, HR and digital marketing.

Working with a locally-based business adviser or specialist will be the first port of call for businesses interested in taking advantage of Accelerator support. Diagnostics will be assessed, and a business action plan produced through the Balanced Scorecard strategic management system model.

Growth vouchers worth up to £2,000 – covering 100% intervention – will be available for specialist or sector-specific training or consultancy advice, in addition to support for identifying and accessing grant funding.

Businesses employing more than five people and with a turnover of £100,000 are invited to apply for a Chamber subsidy covering the £750 cost of joining the Help to Grow: Management course being delivered by the region’s universities, with the remaining cost of attendance covered by a Government subsidy.

The course provides an excellent opportunity for senior managers and leaders to engage with and learn from their peers.

Collaboration is very much the theme too for the Chamber’s East Midlands Manufacturing Network, in which manufacturers have the opportunity to share best practice and seek advice during local forums that take place every six weeks.

Businesses interested in benefitting from this next generation of business support are invited to contact the Chamber’s Information team on 0333 320 0333, info@emc-dnl.co.uk to arrange an exploratory meeting with a business adviser.

Upcoming events delivered as part of the Accelerator programme include:

  • 2 November: Building a high-performance team
  • 7 November: WordPress masterclass
  • 14 November: Negotiating sales through excellent customer care
  • 15 November: Getting started with paid advertising
  • 21 November: Managing finance

Workshops will be held in person at various locations across the districts.

For a full list of East Midlands Accelerator events, visit bit.ly/AcceleratorEvents

Find out more about support available to businesses based in Chesterfield.

Commerce House, East Midlands Chamber

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North East Derbyshire firms urged to take up support for growth, innovation and decarbonisation

How to grow, sustain, innovate and decarbonise are top of the agenda for an innovative new programme being launched in North East Derbyshire.

The Accelerator project is funded by the UK Government through the UK Shared Prosperity Fund (UKSPF) and East Midlands Chamber.

It signals a new era of local place-based support for districts like North East Derbyshire and will help local businesses to improve productivity through innovation and digital technology, reduce energy costs through decarbonisation and moving towards net zero, and grow through a robust business plan and strategy.

The Accelerator project offers:

  • Net Zero support to help businesses at any stage of their sustainability journey to reduce the cost of their energy bills and improve energy efficiencies. Training and 1-2-1 consultancy will be offered on a range of subjects including waste management and Investors in the Environment, also supporting businesses to develop comprehensive energy audits and de-carbonisation plans.
  • Innovation and R&D support from Innovation and Technology Specialists to help high-growth and scale-up businesses adopt digital technologies and take advantage of national programmes such as Innovate UK EDGE and Made Smarter.
  • Action planning workshops with expert trainers on a range of topics including Finance, HR, Digital Marketing and Sales.
  • Access to finance and specialised consultancy through growth vouchers and grants.
  • Networks for collaboration with fellow businesses including through the national Help to Grow: Management Course and the East Midlands Manufacturing Network which invites North East Derbyshire businesses to attend forums in Derby and in other key locations across the East Midlands.

Businesses are invited to hear about support on offer at the North East Derbyshire Accelerator launch event, taking place on Friday, 27th October 2023 at Coney Green Business Park, Clay Cross. Diane Beresford, Deputy Chief Executive of East Midlands Chamber, will present on the range of Accelerator support available, and explain how businesses can register to join the project and secure their free training workshop places.

Councillor Jayne Barry, North East Derbyshire District Council’s Portfolio Holder for Growth & Assets, said: “The new Accelerator Programme is a wonderful opportunity for businesses across North East Derbyshire to take their business to the next level – whether that be in terms of growth, developing new processes, adopting new technologies or tackling their energy costs.

“Knowing where to start can, however, be a real challenge. The package of specialist support and guidance on offer from East Midlands Chamber will, I’m sure, be invaluable to businesses seeking to inject new energy into their operations.

“I encourage anyone who would like to hear more about the exciting opportunities available through the Accelerator Programme to join our launch event on 27th October at Coney Green Business Centre.”

Diane Beresford, Deputy Chief Executive of East Midlands Chamber, added: “The Accelerator project will help businesses across North East Derbyshire to improve their operations in a number of areas. Chamber business advisers are on hand to help businesses develop a business strategy to help achieve key objectives such as driving efficiencies and productivity, developing a decarbonisation plan, and becoming more sustainable.

“As well as one-to-one business adviser support, businesses have the opportunity to sign-up for a series of action planning workshops which significantly boost key skills within their teams.”

Businesses wishing to learn more about the Accelerator project in North East Derbyshire can do so by signing up to the 27th October event or visiting the programme at: www.d2n2growthhub.co.uk/accelerator and choosing North East Derbyshire as their district.

Find out more about the range of support available to businesses in Chesterfield and surrounding areas at: https://www.chesterfield.co.uk/business/business-support/

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