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Top story
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East Mids businesses mull "better than expected" Budget
Not a giveaway, but better than expected - that’s the view of PwC in the Midlands reacting to George Osborne’s 2011 Budget proposals. Businesses in the East Midlands have voiced their opinions on the measures revealed in this year’s Budget, which include the introduction of an enterprise zone in Nottingham or Derbyshire. The Derbyshire and Nottinghamshire Chamber of Commerce also recognised that measures such as cutting red tape, boosting funding for apprenticeships and investing in technical colleges would help the region.
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Deals
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Morgan invests in Ikara Business Solutions
The chief executive of Chesterfield retailing group GT Retail is investing in a start-up business which specialises in providing outsourced accounting solutions. Rob Morgan will provide finance for Barlborough-based Ikara Business Solutions, whose board members include former Grant Thornton partner Bruce Thornton.
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Springhall gets ahead with tailoring deal
Tailoring service Head & Griffiths, based in Leicester, has received an angel investment from Nottingham entrepreneur Andrew Springhall.
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WLS receives Funding Circle investment
White Label Saas (WLS), based in Loughborough, has secured a £35,000 loan from online lender Funding Circle.
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Property
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The Treasury opens with NatWest loan
A husband and wife team has opened a gift shop in Beeston after securing funding from NatWest. The Treasury is Paul and Kim Smiley’s first store and will sell jewellery and home furnishings.
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Business
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We will learn from the 80s enterprise zones, says Pickles
Communities secretary Eric Pickles has vowed to ensure that the three enterprise zones in the Midlands will boost economic growth and stimulate private sector employment. Speaking to Insider he said the zones - earmarked for areas in Birmingham and Solihull, the Black Country and Derbyshire and Nottinghamshire - would not simply be a rehash of Conservative policy from the 1980s.
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Profits held at Next ahead of "tough" trading conditions
Retail giant Next has reported only a small increase in revenue in its year-end results this morning. The Leicester-based company said group revenues increased by 1 per cent to £3.5bn for the year 31 ending January 2011.
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Southby takes the chair at Invest in Nottingham
The Invest in Nottingham Club has announced the appointment of a new chairman. Paul Southby, the former East Midlands regional director of the CBI, takes on the role as the organisation marks its first anniversary.
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Five promoted at Cooper Parry
Business adviser Cooper Parry has promoted five of its team members. The firm, which has offices in Derby, Nottingham and Leicester, said the move would drive the company’s growth over the next year.
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Insider Membership – Communicate with Midlands Top Companies
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Community
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In Focus: Twist in the retail
Sam Metcalf casts his eye over Nottingham's retail offer following the confirmation of a £500m upgrade to the Broadmarsh shopping centre.
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Talking Point: The generation game
Annabel Prow from The Wilson Organisation considers the latest thinking on succession planning.
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