Invest in Chesterfield

New £1 million car dealership to open in Chesterfield

Bristol Street Motors is investing over £1 million in a brand-new MG dealership in Chesterfield.

This marks Bristol Street Motors’ third MG dealership, with existing locations in Carlisle and Beaconsfield. It is the fourth MG dealership for the brand’s wider group, which has had Macklin Motors Edinburgh MG operating since early last year.

Bristol Street Motors says its Chesterfield MG centre is set to be a ‘game-changer’ in the Chesterfield automotive landscape, offering a comprehensive range of new MG vehicles and exceptional aftersales service.

The dealership’s location, based on Chatsworth Road, has operated as a Vauxhall franchise since 2007. The aftersales facilities have been repositioned to a separate area on the premises, which has enabled the historic service bays to be repurposed into a spacious seven-car MG showroom, showcasing the brand’s innovative and dynamic line-up.

The establishment of Bristol Street Motors Chesterfield MG has created local employment, as the dealership is actively recruiting for three newly-created roles. The brand’s investment demonstrates its commitment to enhancing the local economy and underlines its role as a catalyst for growth within the area.

Robert Forrester, Chief Executive of Bristol Street Motors, commented on the significant investment, saying: “We have witnessed MG’s remarkable success over the last few years, and we are excited to bring this brand’s excellence to Chesterfield.

“Our decision to invest in this new dealership underscores our confidence in both the MG brand and the vibrant economy of Chesterfield. As MG garners awards and recognition, we are proud to be part of its journey.”

MG, a prominent name in the automotive industry, has won an impressive 26 awards in the last three years alone, a testament to its commitment to innovation and quality.

The brand’s noteworthy achievements extend to its market presence, achieving the second-highest market share growth in the first half of 2023, capturing a 1.59% slice of European registrations.

Chesterfield is excellently located, sitting on the doorstep of the Peak District National Park, with superb connections to several major UK cities. Find out more about the range of investment opportunities available in the town.

Vertu_Chesterfield_Team

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Investors praise Chesterfield’s location and lifestyle in new campaign

A series of short films celebrating small and medium-sized companies investing in Chesterfield during 2023 have been premiered online by Destination Chesterfield, the organisation responsible for promoting Derbyshire’s largest town as a place to invest, work, live and visit.

The Why Chesterfield, Why Now? films, which are being published and promoted across a range of online and social media channels, including YouTube and the Destination Chesterfield website, seek to inspire more businesses to locate in Chesterfield and attract investors to the Chesterfield Investment Summit, which will take place in October.

They feature four companies – ChargedEV, Rosewood Wealth Management, NeoDyne and Voeberg Hospitality – that have already created more than 100 jobs in Chesterfield and are expected to invest over £5.6 million in the town’s facilities over the next ten years.

All four business leaders featured in the films cited Chesterfield’s central location and transport connections as significant benefits of being located in the town. They also mentioned lifestyle, access to talent and a supportive investment environment as reasons to base businesses in Chesterfield.

Chesterfield will hold its eighth annual investment summit on 18 October 2023, which will outline the town’s growth strategy, detail new investment opportunities, and provide an update on development activities. More than 200 delegates, including domestic and commercial property investors and business leaders from the UK, are expected to attend the event, which is sponsored by East Midlands Chamber and Turner & Townsend.

Data shared in Chesterfield’s growth strategy, published in April 2023, show the town’s business population grew by more than a fifth (21 per cent) in the last decade and created 2,000 new jobs. Chesterfield aims to attract 400 more businesses and a further 2,000 jobs by 2030.

Matt Close, UK Business Lead at NeoDyne, an Irish industrial automation and electrical engineering company that opened its first UK office at Spire Walk in August, said: “There’s a huge benefit to be able to go and see our manufacturing customers and their processes. Getting to them easily and quickly is why we’ve opened the UK office, and Chesterfield is close to many areas that undertake manufacturing in the UK. There are good transport links from airports, public transport and the road network, a history of engineering excellence in the area, and several local universities we’re partnering with and have recruited from.”

Emily Smith, Director of Voeberg, the property investment company developing The Holywell Hotel in Chesterfield town centre, comments: “We moved from Scotland almost two years ago looking for a new investment area for our residential and commercial projects. Chesterfield was one of the first places we looked at because of the location, and it stood out because of the demand in the area. Chesterfield gave us that kind of local feeling that you don’t get in big cities and the ability to bring something new to the area. Going through this project, we’ve worked closely with the council, which has been massively supportive.”

Mark Pymm, Founder and Managing Director at ChargedEV, an electric vehicle chargepoint installation specialist which relocated to The HQ in March, comments: “We’re already one of the leading installers of EV charging points in the UK, and we expect to maintain that position. We needed new premises that allowed us to grow and scale our customer operations and office-based functions, and this building was prime for that. We chose to maintain a team in Chesterfield because of its transport links and central location, which offer easy access nationwide, and because of the diverse and talented range of people we can get here.”

Donna Robertson, Director of Rosewood Wealth Management, an independent financial advice company relocating to One Waterside Place, part of Chesterfield Waterside, comments: “Chesterfield has a great community feel, people do want to help each other out. It is exciting to be part of that and to be able to grow the business and give back to the community. It was great to get in when Chesterfield Waterside was just starting to take off, and be here from the start, knowing how amazing this development is going to be.”

Cllr Tricia Gilby, Leader of Chesterfield Borough Council and Vice-Chair of Destination Chesterfield, comments: “Entrepreneurs and SMEs are vital for economic growth and Chesterfield provides this section of the business community with everything they need to thrive. Businesses in Chesterfield enjoy a strategic location in the centre of the UK, offering access to great talent, great transport links and a great quality of life. Chesterfield is investing in the facilities and homes required to deliver sustained growth, support local startups and scaleups, and attract great people and businesses from elsewhere looking for a compelling alternative to big cities.”

Destination Chesterfield has received £180,000 from the UK Government through the UK Shared Prosperity Fund. It follows a successful funding bid by Chesterfield Borough Council, to secure £2.69 million worth of funding for local projects.

The HQ Chesterfield Charged EV

 

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Approval granted for Staveley Waterside regeneration project

Approval has been granted for the Staveley Waterside project, which will revitalise the Staveley Canal Basin site.

£2.664 million has been earmarked from the Staveley Town Deal fund, to enable Derbyshire County Council to construct a 2-storey building, offering flexible space for new and existing small businesses, some retail use, and a food and beverage opportunity, with indoor and outdoor dining space, along with an access road, and mooring space.

A total of 11 units are planned within the centre, each equipped with kitchen and restroom facilities, while a new 40-metre footpath is planned along Hall Lane.

The project aims to encourage more visitors to use the canal and will also create space for around ten new businesses. Proposals were unanimously approved recently by councillors at Chesterfield Borough Council’s planning committee.

Councillor Tony King, cabinet member for clean growth and regeneration at Derbyshire County Council, said: “We’ve put together proposals for an exciting new development, which will help to bring jobs to the area and boost the visitor economy.

“Derbyshire County Council has been working alongside partners over a number of years to improve the Staveley Basin area and the Staveley Town Deal has given us a great opportunity to turn our ideas into reality, using our expertise from Markham Vale to create high-quality business accommodation as well as a visitor destination that people from near and far can enjoy.”

The Staveley Town Deal is a £25 million fund, which will bring forward multiple employment sites, and bring higher-level skilled jobs to the area.

As part of the Staveley Town Deal, Chesterfield Canal Trust is working on the restoration of the canal by extending it from the existing limit at Eckington Road. As well as improving outdoor space and creating new leisure infrastructure, it is expected that the restoration project will lead to a 20% increase in visitors to the Staveley area boosting the amount of money spent in the local economy.

Find out more about the range of benefits associated with locating your organisation in Chesterfield.

staveley waterside

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New outdoor activity business to launch in Chesterfield

A business which provides outdoor activities and unique life experiences for adults with additional support needs is set to launch in Chesterfield.

The Adventure Service is expanding into the town, following successful growth in nearby Nottinghamshire since its inception in 2011.

The organisation enables people to participate in outdoor adventure activities, many they have probably never experienced – thus enhancing their quality of life, skillsets and personal development.

Terry Harris-Ellis, Director at The Adventure Service explained how the business has grown over recent years: “By working closely with my wife Helen (a former special needs teacher), who witnessed my frustrations daily, we created The Adventure Service Ltd.  Fast forward twelve years and our business model is going from strength to strength thanks to a dedicated, trained team of over 30 staff members.”

“We have chosen to expand our services into Chesterfield to allow us to continue providing a service with unique life experiences to adults with additional support needs.”

Terry hopes the new service will help in boosting Chesterfield’s visitor economy: “The Adventure Service Ltd has the potential to help increase visitor numbers by drawing in residents from neighbouring areas to access our services.

“We continually look to expand the experiences of our Adventurers and to do this we look to showcase and tap into the resources on our doorstep. As Chesterfield has some wonderful attractions and historical buildings, our aim will be to visit and learn about their heritage and utilise the local leisure economy in the process.

“This unique service will increase the life skills and personal development of individuals through the use of outdoor adventure, and we are extremely keen to develop relationships with the Chesterfield community.”

The business is hosting a series of open days for people in the area to find out more about its services. These will take place at St. Thomas Church in Chesterfield on the following days, all between 10:30am -2:00pm.

  • Tuesday 5th September
  • Thursday 7th September
  • Monday 11th September
  • Wednesday 13th September
  • Tuesday 19th September
  • Thursday 21st September
  • Wednesday 27th September
  • Friday 29th Septmber

Find out more by emailing welcome@theadventureservice.com or visit the company’s website: http://www.theadventureservice.com

Looking to launch or expand your business? Find out why Chesterfield is the perfect place to locate your organisation: https://www.chesterfield.co.uk/business/invest-in-chesterfield/

 

The Adventure Service

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Leading industrial automation and electrical engineering firm opens new headquarters in Chesterfield

One of Ireland’s leading industrial automation and electrical engineering companies has opened its UK headquarters in the centre of Chesterfield today.

NeoDyne’s newly recruited team, based at the company’s state-of-the-art Spire Walk office, was joined at the launch by Toby Perkins MP, Shadow Minister for Skills and Further Education; local councillors Jenny Flood and Keith Miles, Deputy Leader of Chesterfield Borough Council Amanda Serjeant; and Dom Stevens from Destination Chesterfield.

Referring to Chesterfield’s long history of engineering excellence, Matt Close, UK Business Lead, said NeoDyne was harnessing the area’s potential and local talent to guarantee the success of the office. “Chesterfield was the ideal location to base our UK headquarters, with its accessibility to the midlands and the north,” he said. “We are proud to invest in and support the local economy and to work closely with Destination Chesterfield to champion the area.”

Matt Close joined NeoDyne at the start of the year, bringing over 25 years’ experience of working with leading UK automation and engineering companies. He will head up the Chesterfield team.

2_NeoDyne team with Toby Perkins MP and Cllr Amanda Serjeant Dep Leader Chesterfield Borough Council

Introducing Matt, Martin Farrell, NeoDyne MD, said, “With his industrial background, knowledge of our sectors and business connections, Matt brings a wealth of experience and local knowledge to the team. Matt has already grown our UK operation to 15 engineers with plans for significant further expansion. I am confident our UK office will go from strength to strength under his leadership.”

The launch was also attended by representatives from local universities, including Sam Trafford, Andrea Huidan and Greg Stewart, University of Sheffield; and Joe Hockney and John Sorsby, Sheffield Hallam University.

Thanking them for attending, Matt said, “Working with local institutions like Sheffield Hallam University and The University of Sheffield has helped us build a talented and skilled UK-based team. This talent pipeline is another key factor behind our decision to base ourselves in Chesterfield. We are committed to partnering with local universities to help develop future engineering talent through placement and graduate recruitment programmes.”

Toby Perkins MP said: “I am delighted to be joining NeoDyne for the opening ceremony of their new premises in Chesterfield. It is a real show of confidence in our town that NeoDyne has chosen to open here, bringing with them new jobs, and helping to boost the local economy. The company is bringing in highly-skilled jobs and will be a welcome addition to the strong engineering and manufacturing base we have here in Chesterfield.

“Manufacturing in Chesterfield has changed from the days when thousands turned up at factory gates every morning, but still there are products across the world, that are ‘Made in Chesterfield’. “I look forward to formally welcoming NeoDyne to our town and discussing their plans for the future.”

NeoDyne has enjoyed continued growth since its launch in 1998 and employs more than 170 automation, electrical, and IT engineers in six offices across the UK and Ireland.

As a leading industrial automation and electrical engineering solutions and services provider, the company has more than 300 customers, including large multinationals in pharma, high-end food and beverage manufacturing and energy.

Looking to expand or relocate your organisation? Find out why Chesterfield is the perfect location to base your business here.

NeoDyne team with Toby Perkins MP

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Demand for Chesterfield office space soars following completion of flagship developments

Demand for office space has soared in Chesterfield, Derbyshire’s largest town, following the completion of several high-quality schemes, according to new figures published today by Destination Chesterfield.

Demand for space in Chesterfield’s enterprise centres, which provide flexible accommodation for start-ups and businesses with high growth potential, has increased since Northern Gateway Enterprise Centre, the town’s newest centre, opened in July 2022.

More than three-quarters (81 per cent) of the office suites are now occupied at Northern Gateway, well ahead of a 50 per cent 12-month target set by Chesterfield Borough Council. Almost half (14) of tenants at Northern Gateway Enterprise Centre are new to Chesterfield, and have either fully relocated to or opened satellite offices in the town since July 2022.

Occupancy rates at Chesterfield’s established enterprise centres have rebounded to above pre-pandemic levels. 85 per cent of space at Dunston Innovation Centre and 87 per cent of Tapton Park Innovation Centre is now let. Occupancy at both locations was below 80 per cent at the start of the COVID-19 pandemic, and had fallen to 67 per cent at Dunston and 57 per cent at Tapton Park during the third national lockdown in early 2021.

Two floors of One Waterside Place, a 35,000 sq ft office block next to Chesterfield’s mainline railway station are now occupied and Chesterfield Borough Council reports strong interest in the remaining space. Opened in January 2023, One Waterside Place is located in Basin Square, a major part of the £340m Chesterfield Waterside regeneration scheme.

One Waterside Place

One Waterside Place

Private landlords are also succeeding in attracting businesses to new developments in Chesterfield. Occupancy has reached 94 per cent at The Glass Yard, a 50,000 sq ft office and retail park opened in 2022 by Blue Deer on Sheffield Road, Chesterfield. And FI Real Estate Management has secured deals on 1,143 sq ft and 7,647 sq ft spaces at The HQ, a former Royal Mail building delivering 44,000 sq ft of open-plan office space after refurbishment work completed in April 2023.

Chesterfield Borough Council is supporting a series of projects to provide high-quality commercial space for businesses. It has helped bring to market almost 300,000 square feet of modern office, industrial, manufacturing and logistics space since the start of 2022, and expects to make further premises totalling more than a million sq ft available by the middle of 2025.

Councillor Tricia Gilby, Leader of Chesterfield Borough Council and Vice Chair of Destination Chesterfield, comments: “Our local economy is growing and the investments we have made in modern attractive office space has helped bring new businesses into the town and created new jobs for our residents. Our investment coupled with our central location, culture of invention, competitive cost base and quality of life, is driving growth across the borough. Demand is soaring from local start-ups, relocating entrepreneurs from the likes of London, Leeds and Sheffield, and bigger businesses wanting more space or to consolidate their facilities in a single, central location.”

Tim Turner, Managing Director at Blue Deer Ltd, comments: “Chesterfield is a thriving business location and the perfect place for the mix of office and retail space we offer at The Glass Yard. Demand for space here has been particularly strong since we opened last year, both from local companies and incoming businesses.”

The Glassyard

The Glassyard

Dom Knowles, Head of Offices at FI Real Estate Management (FIREM), comments: “We’re passionate about putting Chesterfield on the map as a great place to work, improving its offering in line with nearby cities and enriching the lives of the local business community. We recently carried out a £1.2m refurbishment of The HQ to update the building to a Grade A workspace and we’re already receiving high levels of interest. The HQ offers excellent bespoke office solutions and benefits from well-connected rail and road transport networks, making it a great choice for businesses.”

HQ-Chesterfield-exterior

The HQ, Chesterfield

Chesterfield’s business population has grown by more than a fifth (21 per cent) in the last decade, creating 2,000 new jobs, including 1,800 high-value roles in sectors such as advanced manufacturing and professional services. The town recently published an ambitious growth strategy to attract 400 more businesses and 2,000 more jobs by 2030.

To find out more about the wide range of high-quality office spaces in Chesterfield, go to: https://www.chesterfield.co.uk/office

Northern Gateway Enterprise Centre

Northern Gateway Enterprise Centre

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Medical training and equipment provider moves to Chesterfield

A business which provides equipment and training to NHS Trusts, universities and colleges has opened a new facility in Chesterfield.

Sim & Skills will be based at the Peak Business Park on Foxwood Road in Sheepbridge, occupying the building which used to house local radio station, Peak FM.

The company be giving new life to the former studio, using the space to showcase its latest products with webinars and online demos.

The firm was founded during lockdown back in 2020, and since then has gone from strength-to-strength, becoming one of the fastest-growing distributors of Healthcare simulation and clinical skills trainers in the country.

The business is now a team of seven people, all of whom boast a wide range of healthcare simulation experience. It says the town’s central location and transport links make it an ideal place to grow. The new warehouse, office and training space have been created with the help of local businesses and suppliers.

Sim & Skills aims to provide the training equipment that doctors, nurses and health professionals need. Having the resource to practice with specialised equipment in a simulated hospital environment enhances skills and improves patient safety.

sim and skills team

The company has customers based across the country and beyond, and has already supported many local training providers, including Chesterfield College.

Managing Director Mark Cook said: “We’ve been searching for the ideal property for some time. When we saw Radio House in Chesterfield, we knew it was the one for us. The studio space is unusual but great for what we need. The building is a good size and will support us as we continue to grow.”

One visible change the company has made to the building is the installation of a defibrillator. As a medical training equipment provider, Sim & Skills believes it’s important to support the saving of lives. A spokesperson for the business commented: “We hope the defib is never needed, but if any of our Peak Business Park neighbours ever find themselves in an emergency situation, the defibrillator is there to be used and could save a life.”

Over the next year, Sim & Skills will continue to grow and aims to be the one-stop shop for medical training equipment. The business wants to offer customers the widest range of products and the best advice, so they can make an informed choice.

Sim & Skills also has plans to support the next generation of professionals as the business grows. Operations Director Chris Dinsdale said, “As we expand our warehouse and customer service team in Chesterfield, we’re really keen to help local young apprentices who have an interest in business and logistics.”

To find out more about what we do visit www.simandskills.co.uk, or via Twitter or Instagram.

Find out more about the benefits of locating your organisation in Chesterfield at: https://www.chesterfield.co.uk/business/invest-in-chesterfield/

sim and skills

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New Business Exhibition Launched In Chesterfield

A new business expo is being hosted at Chesterfield’s Casa Hotel this year, featuring some of the best local companies from across the town.

The Chesterfield Business Expo, taking place on Wednesday 25th October 2023, 9.30am -3.30pm, is an exciting new event for local companies to promote their business, raise brand awareness, increase sales and network.

During a conversation about networking opportunities earlier this year, Chesterfield Business Expo founders, Emily & Simon Coy, realised that there was no all-day business exhibition taking place in the town, so they set about making it happen.

Professional network host and Chesterfield resident Simon Coy says, “Our vision for the Chesterfield Business Expo is to create an outstanding event that brings together a significant number of business people from across the town and beyond.”

Casa Hotel Group Managing Director Mark Thurman is delighted the hotel will be hosting the expo: “The Casa Hotel is the ideal venue for the Chesterfield Business Expo, because being in the heart of the country, we’ve got fantastic transport links, wonderful meeting space and we’re the perfect place to celebrate business to business ideas and networking.”

The target is to attract 500 free attendees who can spend an enjoyable day engaging with the exhibitors, and building high-quality business relationships.

Expo founder, and well-known local Business Coach, Emily Coy says: “There are around 10,000 incredible businesses in Chesterfield, and we want to help them connect and work together to thrive and enhance the local economy.”

Chesterfield Business Expo Founders, Emily and Simon Coy

Chesterfield Business Expo Founders, Emily and Simon Coy

The Chesterfield Business Expo is sponsored by four fantastic local businesses – Paperclip, eatsleepthink, Business Doctors Chesterfield and Minuteman Press Chesterfield. Eatsleepthink Managing Director, Mike Marshall says: “To have a business expo, for me is the natural progression for the area.”

An A5 expo brochure available on the day will feature all exhibitors together with advertising opportunities. The brochure will be given free to all exhibitors and attendees. The cost to exhibit is just £275.00 + VAT which includes a 2m x 1.5m space, trestle table, welcome
drink and two freshly made lunches.

Exhibitors and attendees can book their place now via the expo website – www.chesterfieldbusinessexpo.co.uk

Chesterfield Business Expo, Paperclip, Business Doctors Chesterfield. Minuteman Press and eatsleepthink support the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

Casa Hotel

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Northern Gateway Enterprise Centre welcomes nutrition brand as latest tenant

Chesterfield’s Northern Gateway Enterprise Centre has welcomed nutritional supplement brand, Nuzest as its latest tenant.

The business joins a list of several successful organisations to move to the centre in the heart of Chesterfield, which is now more than 80% occupied within its first year of opening.

Nuzest is a premium brand of plant-based nutritional supplements. The company’s key ranges include ‘Good Green Vitality’ a super multi-nutritional greens, and ‘Clean Lean Protein’ a clean and highly digestible protein supplement.

Good nutrition has been the company’s starting point since way back in 2012. It’s what founder, Trevor Bolland from New Zealand turned to when his daughter, Monique, was diagnosed with Multiple Sclerosis at 22.

Not satisfied with the bleak prognosis they were given, they looked to health experts all over the world for advice and turned a diagnosis into a directive to help others. What started as a father and daughter looking for answers, has grown into range of premium plant-based supplements, enjoyed by families around the world.

Fast forward to the UK today, and the business is recording growing sales on its website, on Amazon and across many retail outlets including Ocado, Whole Foods Market and Planet Organic to name a few.

Nuzest’s Adrian Beckett, who will be working from the firm’s new Chesterfield location, commented: “We have operated totally virtually as a team even before Covid. Having the Enterprise Centre available to us creates a new base for all things Nuzest in the UK. A place for us to collaborate in the same space and execute some exciting initiatives much faster.

“Chesterfield is favourably located to our CEO plus some of our existing team, it has fantastic transport links and is centrally located for the rest of the team to access also.

“The building itself is an incredible standard. Very clean, modern and with all the luxuries of a premium office setting (air con, 24/7 access, showers, secure, large windows with lots of light). What really sets it apart is the management though, nothing is ever too much trouble whether it is welcoming guests, receiving parcels or anything else which comes up.”

Adrian is also impressed by the sense of community created by working amongst other growing businesses based at the centre. He added: “There is a buzz here, lots of up-and-coming businesses to network with and find collaboration. Nuzest has quite a broad appeal and we are looking forward to connecting with more and more local businesses.

“The Enterprise Centre is an ideal home for us, it is the place where we see the business taking leaps and bounds in the coming year or two. We are focused on growing all of our main sales channels both in the UK but also the EU. We also have a healthy pipeline of new products which will start to feature online and in-store in the coming months, watch this space.”

Looking for premium office space for your organisation? Our friendly team will help you find the perfect location for you and your business right here in Chesterfield. Find out more at: https://www.chesterfield.co.uk/business/invest-in-chesterfield/office/

Nuzest chesterfield northern gateway

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£18 million funding for our region as part of devolution plans

Millions of pounds in funding, made possible because of plans for devolution in the East Midlands, has been agreed and will be spent on improving housing, transport and the skills of local people.

In total, £18 million of funding is being offered to Derbyshire, Nottinghamshire, Derby and Nottingham as part of early investment to the area during devolution negotiations and is not dependent on devolution proposals going ahead.

The latest funding amount of £9.9 million has now been approved and will help councils to carry out retrofit work on homes to make them more energy efficient.

Councils across the two counties have been working with the government on devolution plans including a package of local powers and funding worth £1.14 billion, from 2024.

Other programmes which have already been approved, and are underway or completed, include:

  • £1.2 million for new gigabit broadband for Derbyshire, Nottinghamshire, Derby and Nottingham. It will mean that an extra 118 rural public sector schools and libraries will be connected to gigabit broadband. The scheme is expected to go live by March 2024.
  • £750,000 for a new cycling and walking route in Derbyshire – a 1¼ mile link connecting Markham Vale to the existing cycle route in Staveley.
  • £1.5 million for a new growth through green skills. The investment will enable the creation of a new £5.4 million flagship skills centre and low carbon demonstrator in the region, as well as 2 electric minibuses for getting students to and from the site, to support the growth of a future low carbon economy as we work towards net zero.

Funding hasn’t been the only benefit drawn in through devolution; with the East Midlands securing one of just 12 new Investment Zones being created across the UK.

The low tax Investment Zones are being introduced to boost growth in areas outside London and will be clustered around universities and research centres. Each zone is to get £80 million of support over 5 years, with tax incentives to attract businesses.

Devolution would mean a new guaranteed funding stream for our region of £38 million a year over a 30-year period. Covering Derbyshire, Nottinghamshire, Derby and Nottingham, the devolved area is home to around 2.2 million people, making it one of the biggest in the country.

The devolution deal includes an extra £16 million for new homes on brownfield land and control over a range of budgets like the adult education budget, which could be better tailored to the needs of people in local communities.

A regional mayor would lead a new combined authority, which would include representatives from existing local councils, with decision-making powers and resources moving from London to the East Midlands. Local businesses would also have a voice, as well as other organisations.

Devolution would not mean scrapping or merging local councils, which would all continue to exist as they do now and would still be responsible for most public services in the area. The mayor and combined authority would instead focus on wider issues like transport, regeneration, and employment across both cities and counties.

Barry Lewis, Leader of Derbyshire County Council, said: “We’ve been pursuing a devolution deal to bring more investment to the region and this early funding pot to improve housing, transport and skills is most welcome.

“If a devolution deal for the East Midlands goes ahead, it will bring a package of local powers and much-needed funding worth £1.14 billion that will help to improve the lives of people in Derbyshire and throughout the region.

“Devolution would bring massive benefits and opportunity to the East Midlands for things like improving transport infrastructure, building more homes and creating more jobs and better training opportunities.”

Now the 4 councils have formally backed the plans, and agreed on a final version of the proposal, it means that new local powers and funding to improve the environment, skills training, transport, housing, and the economy could be in place as soon as next year.

For that to happen, new legislation is needed, so that a new form of Combined Authority can be created. With new legislation in place, proposals for devolution could be sent to the government for approval and Royal Assent, meaning that devolution in the East Midlands could be a reality from spring 2024, with the first ever election for a regional mayor, covering Derbyshire, Nottinghamshire, Derby, and Nottingham, taking place in May 2024.

To find out more about why Chesterfield is an ideal location to invest, go to: https://www.chesterfield.co.uk/business/invest-in-chesterfield/

View of the Crooked Spire from above

Image courtesy of Derbyshire Economic Partnership

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Chesterfield cold storage provider progresses with major expansion

Magnavale, one of the UK’s leading providers of temperature-controlled storage, has announced significant progress on the construction of a new extension at its Chesterfield cold storage facility.

The provider of temperature-controlled storage solutions is currently working on numerous projects that aim to reshape the cold storage sector, creating sustainable storage solutions.

Following a recent announcement of the company’s £130m development at Easton, Grantham, and the significant expansion at its site in Holmewood, Chesterfield, Magnavale is making significant strides towards its Net Zero goals.

Since breaking ground earlier this year, the project at Magnavale’s Chesterfield facility has reached several important milestones, bringing the UK project closer to the expected completion date of late 2024.

Site excavation on the new facility has been successfully completed, and the concrete foundations have been poured. Over the course of the summer, Magnavale’s team will shift its focus towards the steelwork construction of the cold store.

On completion, the expansion will add a significant 25,000 pallet positions to the cold store’s existing capacity of 40,000, bringing the total pallet capacity of the facility to 65,000. This will make it one of the largest cold stores in the area.

This expansion will not only accommodate the increasing volumes of Magnavale’s existing customers but also open doors to new customers wanting to utilise Magnavale’s temperature-controlled facilities and value-added services.

The facility features one of the most comprehensive portfolios of value-added services, encompassing, blast freezing, microwave up-tempering and contract packing. Coupled with its strategic location, just off the M1, Magnavale Chesterfield is extremely desirable for food manufacturers that wish to cut unnecessary cost, risk, and complexity from their cold chain.

Perfectly located in the centre of England and just off the M1 motorway network, Chesterfield is home to a number of leading manufacturing and engineering businesses. Find out more about the benefits of locating your organisation in the town at: https://www.chesterfield.co.uk/business/invest-in-chesterfield/

magnavale extension - artists impression

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