Heart of Chesterfield included in Midlands Engine Investment Portfolio

26th May 2022

The Midlands Engine partnership has launched the Midlands Investment Portfolio – a ‘digital front door’ opening up investment opportunities across the region, with the heart of Chesterfield included in the range of investment opportunities available across the region.

Taken together, it is estimated these opportunities could support or create a staggering 220,000 jobs and deliver more than £33bn in Gross Development Value.

Within the digital portfolio, the ‘Heart of Chesterfield’ entry states: “Through a range of significant regeneration and redevelopment underway across the town, Chesterfield is building on its industrial roots and market town heritage to become a contemporary destination with a prosperous future.

“Developments underway have already delivered new business units, office accommodation, innovation centres, modern housing, retail centres and new schools – and the town offers attractive investment opportunities in a range of schemes.

“Over the coming years, the town centre will be transformed through developments including Chesterfield Waterside, Northern Gateway, Elder Way, public realm improvements and the delivery of the Chesterfield Station Masterplan.

“There are a range of opportunities available for investment including capital investment, residential, end-user occupiers and leisure and hotel operators.

“Chesterfield is a sub regional service centre for North Derbyshire, it has a great Town Centre that is steeped in history with a historic market but that is balanced by new investments and opportunities including the Levelling Up Fund.”

The Midlands Investment Portfolio showcases exceptional investment opportunities across Midlands core sector strengths. The Portfolio has been developed in collaboration with Midlands Engine partners, including the region’s local authorities, local enterprise partnerships, and leading promotion and investment agencies – to present the most complete picture currently available of Midlands priority investment propositions.

Working with Midlands champions in geographies across the world, the Portfolio now becomes a vital asset for their continued advocacy and support for the economic growth and future prosperity of the region.

The Portfolio forms the keystone of Midlands Engine’s involvement at the UK Real Estate Infrastructure Investment Forum (UKREiiF). Throughout the Forum, the Midlands Engine partnership will showcase the region’s strengths in support of the urgent need to level up and drive economic growth and prosperity.

Explore the Portfolio here.

Sir John Peace, Chairman of the Midlands Engine, said: “The Midlands offering to the world has always been prodigious – from our heritage as the birthplace of the Industrial Revolution, to the cutting-edge technologies that are being developed right now in sectors as diverse as health and life sciences, digital and clean energy. The Midlands Investment Portfolio showcases the exceptional breadth of our region’s investment potential in one place – a comprehensive resource to pinpoint the primary investment opportunities our wonderful region has to offer. As Midlands Engine partners continue our work, together, to accelerate growth and prosperity in our region, the Portfolio will be a vital tool in our collaborative efforts to drive inward investment.”

Minister for Investment, Lord Grimstone said: “The Midlands Investment Portfolio provides a world-leading resource to maximise investment into the region which will support jobs, boost the local economy and level up the UK. This government is committed to supporting the Midlands Engine through trade and investment, thanks to my department’s support and ambition in signing Free-Trade Agreements that will benefit every region of the UK.”

Minister for Levelling Up, Neil O’Brien MP said: “The Midlands is home to a hotbed of talent across a range of important sectors. With this investment portfolio, the Midlands Engine have done a great job of showcasing the very best investment opportunities across the region.

“The Government is working to ensure the Midlands Engine continues to fire on all cylinders as we deliver our mission of levelling up every corner of the country.”

New digital hub launches to underpin policy making and investment in the Midlands

27th July 2021

The Midlands Engine Observatory has launched the Intelligence Hub.

The new single, interactive portal provides a wealth of up-to-the-minute pan regional data, research and expert insights – a unique tool to inform decision making around key investments and policy formulation for economic and social benefit in the Midlands.

An important part of Midlands Engine Observatory’s continuing work to grow and deepen the evidence base relating to issues impacting the Midlands economy, the Intelligence Hub puts the power of data and research at the fingertips of diverse private and public sector partners from across the region, including central and local Government.

By providing up-to-date evidence and explaining the nuances and impact on the Midlands though academic insight, the Intelligence Hub offers multiple potential uses that can lead to:

Stronger business cases with the potential to secure greater investment for the region
Robust comparisons, benchmarking and forecasting to support policy recommendations
Evidenced regional impact insights to inform reactions to Government policy and lobbying
Better understanding of regional needs and opportunities to target investment for the widest possible economic and social impact

Key features of the Intelligence Hub include: new live and interactive data and Power BI dashboards; spatial visualisations; intelligence briefings; insight pieces from regional experts; and commissioned deep-dive research.

Professor Delma Dwight, Director of Midlands Engine Observatory said: “Through the insights offered in our in-depth think pieces and data, Intelligence Hub users will be able to shape policy and target investment for regional recovery and growth. Better understanding of the region’s successes and challenges will allow Midlands Engine partners to advocate for more equal growth and prosperity for our businesses and communities.”

The Midlands Engine Observatory is an alliance of leading academic researchers, and economic and industry experts, working together to deliver the regionally focused research and analysis partners and stakeholders need, for every part of the Midlands.

Posted in Business, Development, Home, UncategorisedTagged in business development, chesterfield business news, economic development, Intelligence, midlands engine

University invites Midlands businesses to sign up to employee mental health support scheme

9th April 2021

Businesses across Chesterfield and the Midlands region are being offered the chance to boost productivity by working with the University of Derby to provide better mental health support for employees.

The Mental Health and Productivity Pilot will see the implementation of new workplace interventions at pilot organisations and the rollout of existing approaches in small, medium and large businesses across the Midlands Engine region.

The programme aims to:

● contribute to the reduction of mental health distress
● break down the barriers to accessing care faced by people experiencing mental illness
● support their continuation in and return to work
● make a positive contribution to organisational productivity, in terms of wellbeing and economic outcomes

Dr Paula Holt, Pro Vice-Chancellor Dean of the College of Health and Social Care at the University of Derby, said: “The cost to the economy of mental health across the Midlands could be in excess of £45bn this year. Yet research shows that for every £1 invested in supporting the mental health of employees, the return to the employer in productivity is £5. Those returns are greater still when employers take preventative, rather than reactive, steps to help their staff.”

Around 1,900 employers took part in the first phase of project, exploring the issues of how mental health and wellbeing are currently dealt with in the workplace and its impact on performance.

Around a third of those taking part reported sickness absence among staff due to mental health issues, and a similar proportion recorded presenteeism, particularly in the hospitality and business services sectors.

Factors negatively affecting mental health of employees include:

● Lone or remote working
● Client expectations on time, quality and cost
● Job insecurity
● Recruitment practices

Dr Holt added: “A healthy and inclusive workplace is essential for all businesses, so providing appropriate support for employees, creating a culture of openness and tackling discrimination and stigma, will help to remove some of the barriers to growth and development for firms.

“The research we have carried out shows that employers recognise that understanding how to address mental health issues effectively can boost morale, engagement and motivation, but also reveals that they are not always sure where to obtain the help they need.”

The pilot will link employers directly to initiatives such as Every Mind Matters, This is Me and Mental Health First Aid, which all provide expert guidance. Once embedded into an organisation, the guidance aims to help reduce the prevalence of mental health difficulties and increase productivity among the workforce.

The University is now offering businesses of all sizes and from all sectors in Derbyshire, Nottinghamshire, Stoke and Staffordshire, Shrewsbury and Shropshire, and Herefordshire the opportunity to work with them integrate effective mental health provision into their organisation.

Training courses which not only help to raise awareness but could be used to support continuing professional development (CPD) are also available.

Businesses taking part will be asked to commit to an initial meeting to discuss how the programme would work for their company, creating a roadmap for its success, and promoting their commitment to the pilot in the workplace.

To find out more about the pilot, visit our website: https://www.derby.ac.uk/business-services/midlands-engine-mental-health-and-productivity-pilot/

Posted in Business, Featured, Home, UncategorisedTagged in business development, business news, chesterfield business news, mental health, midlands engine, university of derby