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Top story
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Transparency key to planning upheaval, say property experts
Central guidelines surrounding the forthcoming changes to planning legislation need to be produced before a ‘planning postcode lottery’ war erupts. That’s according to commercial property company Lambert Smith Hampton (LSH), which said that local authorities need to be given a definition on the easing of laws surrounding sustainable development. CBRE also voiced its concern over the potential ‘dictation’ by councils on the use of brownfield sites.
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Deals
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David Wood cooks up Dudley bakery buy
Dudley-based BRC Grade A Bakery has been acquired by David Wood Baking. Managing director David Wood secured backing from Yorkshire Bank to make the purchase and now aims to achieve turnover of £30m after two years in business.
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AIM capital soars to £1.45bn, says Grant Thornton
AIM has experienced a significant increase in capital raised by companies this year while initial public offerings have stalled, according to Grant Thornton.
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Asset based lending on the up, says Weightmans
Manufacturing firms in the West Midlands have moved away from traditional lending arrangements in favour of asset based lending. That’s the view of the Birmingham office of law firm Weightmans.
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Nursery to open £1.8m site with Barclays loan
A Bilbrook-based children’s day nursery is opening a second centre after securing funding from Barclays Business. ABC Early Learning & Childcare Centre said 38 jobs would be created once the new plot is open.
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Property
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£8.5m housing proposals submitted
Proposals have been submitted to Stoke-on-Trent City Council for the creation of 88 houses. The £8.5m plans for Fegg Hayes Victorian Village were put forward following consultation with residents.
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Swallow leaves Knight Frank
Mark Swallow has parted company with the Birmingham office of Knight Frank after 16 years with the business.
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Birmingham housing development kicks off
Plans to create a housing scheme on the former Moor Green Football Club site in Birmingham have been given the green light by the city council. Birmingham Council's planning committee has approved proposals to build more than 80 homes on the grounds.
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Business
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Arena dealt winning hand with poker tournament
The Ricoh Arena in Coventry has been selected as the venue for the "largest poker tournament in Europe". G Casino, based in the arena, plans to break a European record by hosting a five-day poker tournament in August.
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Smith Cooper to sponsor Midlands Family Business Awards
Midlands’ accountancy firm and business adviser Smith Cooper has been announced as the headline title sponsor of this year’s Midlands Family Business Awards. Insider is the media partner of the event.
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The Top 500 Companies marketing database
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