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Top story
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East Midlands to rake in £130m from World Cup
The East Midlands stands to reap financial benefits in excess of £130m if England’s 2018 World Cup bid is successful, Insider has been told. Scott Knowles, deputy chief executive of the Derbyshire and Nottinghamshire Commerce, said the local economy stands to benefit enormously from tourism and employment opportunities if Nottingham is chosen as a host venue. But disagreements still remain over the location of the stadium.
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Deals
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Source BioScience buys Berlin company
Nottingham-based Source BioScience has acquired genomics and cloning materials company ImaGenes, headquartered in Berlin, for a £2m cash fee. The company, which supplies products to the healthcare, pharma biotech and life science research sectors, said the acquisition “fits squarely” with the company’s intention to expand.
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Construction grant supports low-cost home initiative
A Nottingham-based company specialising in 'innovative' building products has developed an insulated panel system for new homes after receiving a grant from the sustainable construction iNet. Banbury Innovations received more than £4,000 to fund the initial research and development of the project.
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Property
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Leicestershire warned of construction 'ripple effect'
Small firms across Leicestershire could find themselves fighting for survival, following a ‘ripple effect’ caused by the collapse of companies Connaught and Rok. The warning comes from Leicester-based adviser RSM Tenon, which said the demise of the construction giants “highlights the hard times” the sector is witnessing.
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Eco hotel planned for university
Plans have been unveiled for a new 200-bed upmarket hotel at The University of Nottingham. The £20m eco-friendly hotel, which will be built on University Park, will be available for use by conference delegates, university visitors, local businesses and the general public.
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Rents rising as tenant demand soars
Rents are rising at their fastest rate for three years, with tenant demand increasing "significantly" in the Midlands. Research by the Royal Institution of Chartered Surveyors (RICS) released today reveals that demand for homes to let continues to soar.
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Business
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University finds chemistry with GSK
A new facility focused on the development of ‘green chemistry’ technology is part of a new partnership between pharmaceuticals giant GlaxoSmithKline (GSK) and The University of Nottingham. The new research and development facility will help to train the next generation of scientists at Nottingham, said the university.
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deVere Group signs up to Flint Bishop
The deVere Group, the world's largest independent financial consultancy, has signed up to the ‘long-distance’ will writing service created by Derby-based law firm Flint Bishop. The Zurich-based group has brought 50,000 customers to the FB Wills Direct service.
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Deloitte partner announces retirement
Peter Hipperson, audit partner at Deloitte in Nottingham, has retired from the business after nearly 40 years. He will be replaced by David Hall, who has been with the company since 2002.
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Carbon panel gives green light to Cobbetts
Law firm Cobbetts has been appointed to the legal framework for the Renewable East’s Low Carbon Development Initiative. The firm is one of only two asked to advise on the panel, which is concerned with the off-shore renewable energy agenda for the East Midlands.
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Community
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In Focus: Life is a rollercoaster
Sam Metcalf takes a look at the rollercoaster world of Nottingham, and specifically the government's decision to block the £200m Meadows PFI scheme.
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Talking Point: Creative concern
The East Midlands creative sector is thriving, but do we risk overlooking it when considering how to stimulate the economy post-recession? Debbie Williams, chief executive of EM Media, shares her thoughts.
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