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Top story
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Springhall calls for funding rethink
Andrew Springhall, the owner of venture capital firm Turning Point, has called for sweeping changes in the way funding is delivered to budding entrepreneurs. Speaking to Insider, Springhall also talked about RDAs “wasting taxpayers’ money” in the past.
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Deals
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Santander fuels HKS acquisition
HKS Motors, based in Leicester, has purchased Oldbury’s Bury Hill Service Station with support from Santander Corporate Bank. The acquisition is the latest in a string of deals for the petrol station operator, and the company said it will enable it to “continue to develop our growth strategy with confidence”.
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East Mids advisers engineer Kilbride deal
Three East Midlands firms have advised the multimillion-pound sale of Devon-based Troy. The sale, to entrepreneur Paul Kilbride, was overseen by the Nottingham offices of HBJ Gateley Wareing, Cooper Parry and RSM Tenon.
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Property
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Double letting at Robin Hood Industrial Estate
Joint agents FHP and Lambert Smith Hampton have let two units at Robin Hood Industrial Estate in Nottingham. Acting on behalf of commercial property investor Willowbrite, the agents have secured deals with Docherty’s Chimneys and Colorset UVI.
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Business
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80 jobs generated as TGI Friday's comes to Derby
Restaurant chain TGI Friday’s is set to create 80 jobs when it opens an outlet in Derby's Westfield Shopping Centre, it has announced. The 210-seated eaterie will open in late February.
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Company failures drop 45 per cent across Midlands
The number of Midlands companies falling into administration in 2010 declined by 45 per cent from the previous year. According to research by business advisory firm Deloitte, 316 companies went bust in the region last year, compared with 577 in 2009.
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Former vice-chancellor named as CBE
The former vice-chancellor of the University of Northampton has been appointed CBE in the New Year’s Honours List. Ann Tate was named in the prestigious list for services to higher education.
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Small business will not be neglected by RGF - Cameron
Prime Minister David Cameron has emphasised that the Regional Growth Fund is designed to ensure the UK's economic growth is balanced and "spread more fairly across the country". In a speech to business leaders at an event attended by Insider, Cameron said the government would be looking to develop industries of the future, but added it would be a "big mistake" to neglect small high growth businesses he claimed were crucial for growth.
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London calling for The Vinden Partnership
Nottingham-based construction and property consultancy, The Vinden Partnership, is set to open new premises in London. The office will be the company’s third in the UK.
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