east midlands business news

East Midlands Chamber at Westminster to Present Growth Manifesto for the Region to Government

Improvements to taxation, infrastructure, skills alongside reform of the planning system are among key asks that will be handed to the UK government and MPs today in a new manifesto from East Midlands Chamber.

Under the proposals taxation and regulation would see reforms to make them simpler, transport would benefit from electrification of the Midland Main Line and upgrades to key road networks, while acceleration of full-fibre broadband roll-out across the East Midlands would boost digital growth.

The document also identifies the ‘Big Opportunity’ for the East Midlands – to develop the region as a centre for the future of energy production, storage and provision.

Hosted by Nigel Mills MP, co-Chair of the East Midlands All Party Parliamentary Group, alongside East Midlands Chamber President Stuart Dawkins and Chair of the Board Kevin Harris, and with a delegation of regional business leaders in attendance, the event at 13.00 today in Westminster will mark the official launch of the Manifesto for Growth 2024.

Speaking ahead of the Westminster launch, East Midlands Chamber Chief Executive, Scott Knowles, said: “This document is the culmination of in depth engagement with our members. It builds upon our core themes of Innovation, Infrastructure, International trade and Investment, making specific recommendations in four areas: Skills reform for the reality of today’s workforce; Transport and infrastructure that is fit for purpose; Developing a taxation and regulation regime that is aligned with a long-term vision for the country; and how we fix the broken planning system.

“We’re also really excited to be presenting our Big Opportunity, to create a centre for the future of energy production, storage and provision in the East Midlands. We’ve already had some exciting recent developments in this space, including the STEP fusion plant development in West Burton, the Freeport’s ambitions for the Ratcliffe-on-Soar Power Station site and the work Rolls-Royce are doing on Small Modular Nuclear Reactors.

“A vision of the future where the East Midlands is exporting the products, processes and people that can deliver Net Zero is absolutely possible, and it’s essential that we get the right policy support from Government to unlock that opportunity.”

Chris Hobson, the Chamber’s Director of Policy & Insight, added: “We might not know when a General Election will be called, but it’s a certainty that it will at some point in the next ten months. With economic growth still precarious after several disruptive years, it’s a critical time to release this Manifesto that outlines the things businesses have told us they need for those that live and work in the East Midlands to be successful.

“This isn’t a zero sum game. If we get this right we all win. And the policy environment in which we operate is a key enabler to helping us get this right. Whoever is leading the country, businesses themselves will continue to do what they’ve always done: looking to develop opportunities, open new markets and maximise the materials they have and circumstances they are in to be successful.”

Some of the key asks in the Manifesto for Growth 2024 include:

• Business rates: Full review of the system.
• Tax and regulation: Simplify the R&D tax credits system.
• Skills: Incentives for businesses that invest in staff training.
• Infrastructure: speed up rollout of full-fibre Broadband.
• Planning: Let the private sector plug gaps on council staffing.
• Transport: Full electrification of the Midland Main Line commitment, reinstatement of direct rail links between Coventry and Leicester and improvements to the A50/A500 and A46 corridors.

Chris Hobson, East Midlands Chamber

Chris Hobson, East Midlands Chamber

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Chamber lands global accreditation for workplace wellbeing

East Midlands Chamber is helping to set the bar for workplace wellbeing after landing a global accreditation – with the help of the region’s top expert in the field.

The region’s largest business representation group has achieved the WELL Health-Safety Rating at its offices in Chesterfield and Nottingham, following consultancy support from workplace consultants and office fit-out specialists Blueprint Interiors, based in Ashby-de-la-Zouch.

Administered by the International WELL Building Institute (IWBI), the rating is an evidence-based, third-party verified rating for buildings that focuses on operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-Covid environment now and into the future.

WELL certification helps large and small businesses to take the necessary steps in order to prioritise the health and safety of their staff, visitors and stakeholders by reviewing environmental aspects such as air and water quality, nourishment, light, noise and comfort.

The WELL Health-Safety Rating focuses on stakeholder engagement, health resources, emergency preparedness and cleaning procedures. East Midlands Chamber director of resources Lucy Robinson said: “The pandemic shone a new light on how we manage workspaces in order to instil confidence among employees and visitors who use our buildings, whether it is everyday or on a hybrid working basis.

“We therefore felt it was important to adopt a recognised standard to ensure our buildings support the wellbeing of our people when they are working from the office in order to support collaboration with colleagues.

“Working closely with our patron Blueprint Interiors, we focused on areas including air and water quality management, cleaning and sanitation, emergency preparedness, health service resources, and stakeholder engagement and communication.

“As a result of these efforts, we are delighted to have received the WELL Health-Safety Rating, which we believe will enhance our offer as an employer of choice in the region while also acting as an exemplar for our 4,000-plus members.”

Workplace design consultancy and interior fit-out specialist Blueprint Interiors became the first company in the East Midlands to achieve the WELL Health-Safety Rating in 2021, and now supports other businesses to meet the requirements for accreditation.

Rebecca Beadle is a WELL-accredited professional, and lead project designer and well-being specialist at Blueprint Interiors.

She said: “We are continuously innovating in order to bring workplace consultancy, practical processes, sustainable building techniques, psychological theory, data insights and accreditations such as the WELL Building Standard together to ensure workplaces meet the needs of the people that use them. East Midlands Chamber has fully embraced all these principles and we are pleased to have been able to support it to achieve this prestigious rating.”

East Midlands Chamber supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

Dean Symonds and Lucy Robinson

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Regional unemployment rate remains among lowest in the UK

The East Midlands’ unemployment rate has remained at 3.7% for the fifth month running, new figures by the Office for National Statistics (ONS) show.

It puts the region near the top of the list for having a low proportion of over-16s out of work and significantly below the UK average of 4.2%.

The data, for the period between August and October 2023, means the region’s unemployment rate has now been under 4% for the past two years, having last been above the threshold in the three months to October 2021.

The economic inactivity rate for 16 to 64-year-olds – which measures the number of working-age people who have dropped out of the labour market for reasons such as retirement, caring duties, long-term ill health or studying – remained at 20.9% for the East Midlands for the third consecutive month, above a pre-pandemic trend around the 19% mark.

East Midlands Chamber chief executive Scott Knowles said: “The fact our region’s unemployment rate has remained at a relatively low level for such a prolonged period is testament to the efforts and resilience of our region’s business community in the face of significant economic challenges.

“Rising economic inactivity has been one of the greatest concerns over the past couple of years as it led to a dwindling labour market, which has restricted capacity – and therefore the ability to grow, raise productivity and bring prices down.

“While this rate remains above pre-Covid levels, it’s pleasing to see this has now come down by about 2% throughout this year, giving firms more room to manoeuvre.

“However, our own research shows there is no room for complacency. Our Quarterly Economic Survey shows a net 7% of businesses have increased their workforce during the final three months of 2023, compared to a net 15% in the previous quarter – an indication of the tough trading challenges that persist. Over the next three months, a net 17% expect their workforce to expand in size, so prospects may improve.

“Many employers continue to face challenges with filling job vacancies. More than half (55%) of organisations attempted to recruit during Q4, and more than seven in 10 (72%) of these experienced problems in finding suitable staff. There are particular shortages to fill skilled manual and technical roles, as well as professional and managerial positions.”

East Midlands Chamber published its regional economic blueprint, titled A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, in November last year, urging Government to focus on the “four Is” of investment, innovation, infrastructure and international trade.

It set out a list of policies to encourage businesses to invest in their people, including introducing flexible incentives for businesses that invest in staff training and bringing forward the introduction of the Lifelong Loan Entitlement to support retraining and the retainment of an older workforce.

Scott added: “We really need a dedicated Government policy that supports companies to invest in their people, whether that be in upskilling their existing workforce or reskilling prospective employees to fill skills gaps.

“We must also tailor policies to recognise the diversity of people who are out of work and avoid a one-size-fits-all solution. We would also like to see Government work with businesses to offer support, and share best practice, on what a flexible and inclusive workplace looks like as this is another vital ingredient in enticing people back to work.”

To read the Chamber’s Business Manifesto for Growth, A Centre of Trading Excellence, visit www.emc-dnl.co.uk/manifesto.

 

Scott Knowles

Scott Knowles, Chief Executive of East Midlands Chamber

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East Midlands can ‘lead the way’ in energy transition, Midlands Energy Summit hears

The East Midlands has the potential to “lead the way” in the energy transition to net zero by holding some of the key ingredients – but businesses need more support to make changes right now.

These were two of the headline messages at the Midlands Energy Summit, held by East Midlands Chamber at the University of Nottingham’s Trent Building yesterday (Thursday 30 November).

Speakers from major organisations including Toyota, Uniper, National Grid and the East Midlands Freeport gave an insight into some of the clean energy activities happening in the region, including in hydrogen, nuclear fission and nuclear fusion.

A new East Midlands zero-carbon innovation centre, which aims to transform cutting-edge green research at the University of Nottingham and Loughborough University into commercial products, was announced by the Freeport’s chief executive Tom Newman-Taylor at the event – with the Freeport contributing £5m over funding towards the initiative.

East Midlands Chamber director of policy and insight Chris Hobson said: “With three of the big bases for future energy provision – hydrogen, nuclear fusion and nuclear fission – being developed here in the East Midlands, across a range of nationally-critical projects and research that is backed by public and private sector investment, we are leading the way in the energy transition.

“It was fascinating to hear more about some of these plans from the major players in these areas, and the new East Midlands zero-carbon innovation centre is an exciting initiative that taps into these strengths while developing new sectors that will deliver further investment and high-quality jobs for our communities.

“But while the future holds plenty of promise, we mustn’t forget about what we can do here and now to make gains in the green agenda. Toyota is a great example of a company making small adjustments to save lots of energy and while some of these learnings can be passed down through the supply chain, there is plenty more we can do.

“Small businesses tell us they want to make the necessary changes to decarbonise their operations, and many are already taking huge strides forward, but require more support.

“Our Sustainable East Midlands initiative can signpost businesses to funded programmes, events and best practice. More broadly, it’s crucial for businesses, the public sector and universities to work closer together to develop research and roll out new technologies that will help the East Midlands and UK to become a world leader in the net zero economy.”

Midlands Energy Summit - Scott Knowles

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East Midlands businesses tell Chamber what they want from next Government ahead of party conferences

Long-term strategies for energy and industry are top of the wishlist for the region’s businesses ahead of the next General Election, according to a new study by East Midlands Chamber.

Speeding up the rollout of full-fibre broadband and 5G connectivity, greater investment in road and rail infrastructure projects, and better incentives for upskilling and reskilling people followed closely behind as priorities.

The chamber of commerce for Derbyshire, Leicestershire and Nottinghamshire asked businesses to provide views on 20 policy asks in its latest Quarterly Economic Survey, with the development of a long-term energy strategy for the UK ranking as being the most important.

Results were compiled to establish a list of top priorities for businesses, which has been published ahead of the upcoming Labour and Conservative party conferences in October.

Chris Hobson, director of policy and insight at East Midlands Chamber, said: “With a General Election drawing closer on the horizon, it’s hugely important for the voice of businesses to be heard by the next Government in order to drive sustainable economic growth that delivers jobs and prosperity.

“After many years of policy flip-flopping, economic shocks and the resulting uncertainty this has created for businesses, long-term planning appears to be front and centre of minds.

“A long-term energy strategy is understandably top of the list given the huge rise in utilities costs for firms and households over the past two years combined with the opportunities business see to deliver future solutions in this space. It’s closely followed by a comprehensive industrial strategy that finally addresses the UK’s perennial productivity problem – which is crucial to growing output, creating jobs and bringing down inflation.

“In our regional economic blueprint, A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, launched in Westminster last year, we highlighted the importance of infrastructure – that is, both digital and transport – as one of ‘four Is’ to spearheading growth.

“Businesses are telling us they want to see real improvements across broadband and 5G connectivity, which are both crucial to 21st century working, while investing in our roads and rail is crucial to their future success – an important consideration at a time Government is deliberating over the future of HS2 and our region continues to be bottom of the pile for public transport investment.

“We have also spoken in our manifesto about ‘getting the basics right’ and ‘growing our competitiveness the right way’, and both these themes are reflected in our survey as firms tell us they want the broken business rates to be made fit for purpose and better incentives to support the net zero agenda.”

Policy priorities for East Midlands businesses

The responses on policy priorities were gathered by East Midlands Chamber in August and September 2023 as part of its Quarterly Economic Survey, in which 296 businesses across Derbyshire, Leicestershire and Nottinghamshire took part.

They were presented with a list of 20 policy asks of Government and asked to score them based on importance to their organisation, providing additional comments as to why. The top 10 priority areas, in order, were:

  • The development of a long-term Energy Strategy for the UK
  • The development of a long-term Industrial Strategy for the UK
  • Speeding up the rollout of full-fibre broadband
  • Greater investment in local infrastructure projects (road, rail)
  • More flexible/generous incentives for investment in staff development/reskilling (including application of Apprenticeship Levy)
  • Greater investment in major infrastructure projects (road, rail)
  • Speeding up the rollout of 5G technology
  • Comprehensive reform of the business rates system
  • Greater investment in integrated public transport networks
  • More flexible/generous incentives for developments associated with the green agenda.

Perfectly located in the centre of the UK with excellent connectivity to several major cities, find out why Chesterfield is a great location for your next business base.

East Midlands Chamber supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

Chris Hobson, East Midlands Chamber

Chris Hobson, Director of Policy and Insight, East Midlands Chamber

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Sustainability Summit encourages green growth across the East Midlands

East Midlands Chamber has praised the ‘shining examples of success’ of green growth in our regional business community at its latest Sustainability Summit.

The event explored how to unlock the green growth for SMEs and the wider East Midlands economy – across themes including leadership, innovation, international trade and best practice.

It took place against a backdrop in which Prime Minister Rishi Sunak announced the Government will water down net zero policies, including delaying a ban on the sales of new petrol and diesel cars and phasing out gas boilers.

Speakers at the Sustainability Summit said “flip-flopping” over net zero commitments from Westminster created huge uncertainty that undermined long-term investments and would ultimately harm the UK’s quest to become a global leader in the green economy.

About 200 people representing organisations from across Derbyshire, Leicestershire and Nottinghamshire gathered for the event, held in partnership with the University of Derby, Mazars, Thompson Tree Services and Epson.

East Midlands Chamber director of policy and insight Chris Hobson said: “We heard at our Sustainability Summit about some of the great things that businesses are doing in pursuing green growth and the very tangible rewards they are reaping with innovation and financial growth.

“These are the shining examples of success we can glean from embracing net zero, which means viewing it as not just a challenge but a golden opportunity.

“Yet while our national leaders correctly talk up the research and development strengths of our businesses and ambitions to be a global leader in developing low-carbon goods and services, there is a huge disconnect between this messaging and Government policy – as evidenced by the Prime Minister’s ill-judged shifting of the goalposts on our country’s net zero commitments.

“We saw first-hand the impact policy flip-flopping has on business decision-making during the chaotic political landscape of 2022, which quashed business confidence and thus investment. The lack of certainty about the future direction of our economy will unfortunately have a similar impact at a time when we should be encouraging transformational long-term investment.

“Having net zero targets is one thing, but to get us there we require a roadmap that will be led by business innovation. The vacillating from our political leaders instead undermines our ability to make real progress in this space and we instead find ourselves stuck in limbo when it comes to the most significant economic opportunity of our lifetime.”

Findings from the Green Growth Trends in the East Midlands research conducted by the Chamber and University of Derby were discussed by report author Dr Polina Baranova, associate professor of strategy and sustainability.

It showed the proportion of East Midlands businesses that have made any income from environmentally-friendly goods and services dropped from 45% in 2022 to 36% in 2023, decarbonisation investment varies significantly according to business size and sector, and a widening gap in business support and information.

Dr Baranova said this illustrated not only the impact of the cost-of-doing business crisis but the “fragility” of the current policy landscape, with green growth yet to be a firmly embedded business philosophy.

Other highlights at the Sustainability Summit included:

  • East Midlands Chamber president Stuart Dawkins discussed how sustainability is at the heart of businesses’ responsibility to support their communities and future generations
  • Professor Chris Bushell, pro vice-chancellor and head of sustainability at the University of Derby, outlined how the institution is taking a lead in the net zero agenda via its research, innovation, thought leadership and knowledge capital
  • Ian Meikle, director of clean growth at Innovate UK, explained how Britain can create jobs and sustainable economic growth by developing its own low-carbon products and services, but this required stable policy and regulation, innovation in business models and supply chains, and a step-change in access to capital
  • Chris Fuggle, global head of sustainability services at audit, tax and advisory services firm Mazars, provided practical strategies to upskill leadership teams on the environmental, social and governance (ESG) agenda and embedding sustainability at board level
  • Charlie de la Haye, communications manager at Epson UK, gave an insight into how the global printing manufacturer had pivoted its business model to deliver green goods and services while demonstrating how it could deliver cost-saving benefits to customers.

Chris Hobson speaking at the East Midlands Chamber sustainability summit

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Chesterfield firms encouraged to enter regional Business Leadership Awards

Business leaders in Chesterfield are being encouraged to raise the profile of their organisations and their people by entering a prestigious regional awards ceremony.

Regional business media outlet, The Business Desk is hosting the East Midlands Leadership Awards 2024, and nominations are now open for companies across the area.

TheBusinessDesk.com set up the East Midlands Leadership Awards to showcase leaders and role models within organisations across our area. The winners will demonstrate the qualities of ‘extraordinary leadership’ and be able to show the positive impact this has had on their organisation, industry or the wider community.

The Leadership awards offer a chance for businesses to display their successes to the entire East Midlands region.  The awards are free to enter, and the deadline for entries is Friday, 10th November.

The best of the region’s business leadership will be crowned in a special ceremony on 14th March 2024 at the Crowne Plaza Hotel in Nottingham.

Sam Metcalf, Midlands editor at The Business Desk, said: “TheBusinessDesk.com created the East Midlands Leadership Awards to celebrate the people that are role models within their organisations and raise the bar for their competitors. The winners will show the qualities of extraordinary leadership and be able to demonstrate the positive impact this has had.

“The Leadership Awards offer a great opportunity to recognise and showcase the achievements and success of businesses in the region.”

Categories available to enter include:

  • Young Leader
  • Public & Third Sector Leader
  • Mentor
  • Emerging Entrepreneur Leader
  • Diversity & Inclusion Leader
  • Professional Services Leader
  • Transformational Leader
  • Green Leader
  • HR leader
  • Sales Leader
  • Marketing Leader
  • Technology Leader
  • Finance Leader
  • Property Leader
  • Company Leader (up to 100 employees)
  • Company Leader (up to 100+ employees)
  • Leader of the Year

For more information on the categories, and to nominate your organisation or people for an award, visit The Business Desk website.

Two people shaking hands

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Young professionals in the East Midlands urged to have their say in survey that aims to retain region’s emerging talent

Young professionals in the East Midlands have been invited to take part in a survey as part of a project to enhance their development opportunities.

East Midlands Chamber’s Generation Next network has launched the study to gain a deeper understanding of what young people want to achieve and what support they require to realise aspirations.

The survey results will help it to improve the network, which supports 18 to 35-year-olds working in the region to develop their skills, access mentoring opportunities, broaden their networks and have their achievements recognised through an annual awards programme.

With only about a third of graduates from the region’s six universities remaining in the East Midlands after completing their studies, this will also support Generation Next’s wider mission to retain more young talent in Derbyshire, Leicestershire and Nottinghamshire.

East Midlands Chamber director of resources and Generation Next lead Lucy Robinson said: “Graduate retention is one of the major issues holding back our economy from realising its tremendous potential as having a young, skilled workforce can attract businesses to invest here, which creates the jobs and wealth that allows our communities to prosper.

“The insights we will gather from this survey will be crucial in helping the Chamber and employers across our region to address the needs and values of our young workforce, so we can together create opportunities to help them build their futures in the East Midlands.”

The network, which is backed by a governance board of “champions” within its age group, aims to achieve this by creating better business and learning opportunities tailored to the needs of young workers through its skills-based and social events, mentoring scheme and document library.

The survey will also assist by amplifying their voice across the East Midlands Chamber network of more than 4,000 members, giving regional employers an insight into the driving forces behind young people’s early career choices so they can create a better environment for them to live and work.

Findings will be outlined at Generation Next’s inaugural conference in October, which is funded by its newest partner, ITS Technology Group.

Daniel Nikolla, chair of the Generation Next board and marketing manager at Hardy Signs, added: “Launching the survey is one of my key objectives for my term as chair. We want to be the voice of the next generation of business and amplify their messages to the wider business community, and the results from the survey will help us do just that.”

To fill in the Generation Next young professionals’ survey, visit bit.ly/GenNextsurvey

Commerce House

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Latest employment figures show ‘great resilience’ of East Midlands businesses

Figures show that unemployment in our region has dropped for the second consecutive month, despite the overall UK unemployment rate rising by 0.2%.

The East Midlands’ unemployment rate has reduced to 3.3% for the period between March and May 2023, new figures by the Office for National Statistics (ONS) show.

It fell by one-tenth of a percentage point from the previous reporting period to April, moving in an opposite trajectory to the UK unemployment rate, which rose from 3.8% to 4%.

The region’s economic inactivity rate – which measures the number of working-age people who have dropped out of the labour market for reasons such as retirement, caring duties, long-term ill health or studying – dropped by three-tenths of a percentage point to 21.2%, the lowest level in a year.

East Midlands Chamber chief executive Scott Knowles said: “Despite some mild concerns earlier in the year that the unemployment rate was rising, it appears to have stabilised around historically very low levels, which reflects the great resilience of the East Midlands business community amid some very tough challenges.

“Rising economic inactivity has been one of the greatest concerns over the past year as it led to a dwindling labour market, which has restricted capacity – and therefore the ability to grow, raise productivity and bring prices down.

“While this rate remains significantly above pre-Covid levels, it’s pleasing to see this has now come down by just under 1.5% in the past nine months, giving firms more room to manoeuvre.

“Our own research backs this up but also illustrates persistent challenges, with our Quarterly Economic Survey showing seven in 10 businesses that attempted to recruit between April and June experienced problems in filling roles, compared to eight in 10 at the end of 2022.”

Nationally, regular pay grew by 7.3% during this period, a record annual increase despite lagging behind inflation, which stands at 8.7%.

Scott added: “While recruitment problems may be easing slightly, the record rise in wages suggests firms are still facing major cost pressures as the labour market tightness has forced employers to pay more for people at a time when they are being hit by inflation and surging interest rates.

“This is perhaps why future recruitment prospects are less optimistic, with a net 6% decline in East Midlands businesses adding to their headcount for the next three months. The proportion of firms intending to invest in training also declined by 3%, with business confidence fragile.

“What we desperately need is a dedicated Government policy that supports companies to invest in their people, whether that be in upskilling their existing workforce or reskilling prospective employees to fill skills gaps.

“In our Business Manifesto for Growth, we have set out a list of policies we believe will make the required difference, including introducing flexible incentives for businesses that invest in staff training and bringing forward the introduction of the Lifelong Loan Entitlement to support retraining and the retainment of an older workforce.

“We must also tailor policies to recognise the diversity of people who are out of work and avoid a one-size-fits-all solution. We would also like to see Government work with businesses to offer support, and share best practice, on what a flexible and inclusive workplace looks like as this is another vital ingredient in enticing people back to work.”

East Midlands Chamber supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

East Midlands Chamber - Chesterfield office

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Resilient businesses to be celebrated at this year’s East Midlands Chamber Business Awards

The resilience of the East Midlands business community during a tough trading environment will be celebrated at a trio of upcoming awards ceremonies later this year – and firms are invited to put themselves forward for recognition.

Entries are now open for the East Midlands Chamber Business Awards 2023, which includes three gala dinner celebrations in Derbyshire, Leicestershire and Nottinghamshire.

Businesses, charities and individuals from each county will be recognised across 14 categories, ranging from Outstanding Growth and Excellence in International Trade through to Environmental Impact and an Education and Business Partnership Award.

Headline partner Mazars will also select a Business of the Year winner for each county.

East Midlands Chamber chief executive Scott Knowles said: “With the cost-of-doing-business crisis following hot on the heels of the pandemic and Brexit, the past few years have been as tough a trading environment as many of us can recall.

“Despite this, we’ve seen tremendous resilience on display among our region’s business community, which has found new ways to grow, innovate and collaborate.

“We are once again hugely excited about celebrating these achievements in our Business Awards, which are always one of the most highly-anticipated events in the Chamber calendar – thanks to the sponsors that help to make it happen.”

The deadline for the East Midlands Chamber Business Awards 2023 is Monday 17 July.

Finalists will be announced at a president’s summer celebration on Thursday 24 August and they will then have a chance to state their case at virtual judging panels taking place on the week commencing 11 September.

A gala dinner to celebrate the Chamber’s Derbyshire Business Awards will take place on Friday, 17th November 2023.

To enter the East Midlands Chamber Business Awards 2023 or to find out about sponsorship opportunities, visit www.emc-dnl.co.uk/services/business-awards

East Midlands Chamber Business Awards 2023 categories

  • Business Improvement through Technology
  • Community Impact Award
  • Outstanding Growth Award
  • Environmental Impact Award
  • Commitment to People Development Award
  • Apprentice of the Year
  • Entrepreneur of the Year
  • Education and Business Partnership Award
  • Excellence in Customer Service
  • Excellence in International Trade
  • Small Business of the Year
  • Excellence in Innovation
  • Excellence in Collaboration
  • Business of the Year

Derbyshire Business Awards winners

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Signs of growth and confidence among businesses for year ahead, finds East Midlands Chamber study

After suffering a series of knocks over the past three years, East Midlands businesses are finally optimistic about what 2023 could bring, according to new research into the state of the region’s economy.

Uncertainty has been replaced with confidence, there has been a turnaround in sales and companies are now expecting to employ more people once again, East Midlands Chamber’s latest study illustrates.

Economic indicators covered by the business representation group’s Quarterly Economic Survey (QES), which is delivered in partnership with the University of Leicester School of Business, have been largely negative since the end of 2021, but they are all now heading in the right direction during the first quarter of 2023.

East Midlands Chamber director of policy and insight Chris Hobson said: “Following an uncertain end to 2022, these latest findings demonstrate how businesses are beginning 2023 by displaying signs of growth and an increasing confidence for the year ahead.

“Sales and advanced orders are steadily growing, cashflow is improving – although there are still significantly more businesses reporting a decline in cashflow (35%) as opposed to an increase (22%) – and price pressures continue their gradual drop-off.

“The relative certainty in the policy environment, at least compared to the constant flip-flopping that came before, is now leading to a significant upturn in business confidence and, therefore, investment intentions, which are crucial if we are to steer the economy back on track and achieve consistent growth.

“While the region’s unemployment rate has been at historically low levels in recent times, our research had shown a decline in employers recruiting – mainly due to an extremely tight labour market driven by escalating numbers of economically inactive people since the dawn of the pandemic combined with longstanding skills shortages.

“So it’s pleasing to see a positive swing, with a 7% increase in the proportion of businesses recruiting in the past three months and a 14% improvement in those expecting to add to their workforce before the summer, as this generates jobs and prosperity locally.

“While all this paints a far healthier picture than at the end of 2022, caution is required as many of these indicators are still down from where we were a year ago.

“We are moving slowly in the right direction but Government support is still required to ‘get the basics right’ by knocking down the everyday barriers to doing business, and then backing our firms to grow the economy by focusing on the ‘four Is’ – investment, innovation, infrastructure and international trade – all of which is laid out in our Business Manifesto for Growth.”

East Midlands Chamber QES Q1 2023 data

Key findings from the Quarterly Economic Survey Q1 2023 for the East Midlands*, which was completed by 347 organisations between 13 February and 9 March, included:

  • UK sales grew by a net 1% between Q4 2022 and Q1 2023, with UK advanced orders up by 15%. Overseas sales and advanced orders were both up by 6% quarter on quarter
  • A net 12% of businesses added to their headcount in the first three months of 2023, marking a 7% increase compared to the previous quarter, while a net 30% of firms expect to recruit new staff in the next three months – a 14% increase
  • Recruitment problems persist but are dropping off gradually – six in 10 (59%) businesses attempted to recruit in Q1 2023 and, of those, 73% faced problems filling roles, but this was down from 81% in Q4 2022
  • A net 52% of businesses expect they will be forced to raise prices as they grapple with rising costs for people, energy, raw materials and fuel – although this is down from 57% in the previous quarter
  • While a net 13% of firms reported a decrease in cashflow, there was a 4% positive swing
  • Investment intentions are now trending upwards, with a 12% increase quarter on quarter in the net proportion of firms saying they will invest in training and a 6% rise for investing in plant and machinery
  • Business confidence is now in positive territory, with a net 39% optimistic about growing turnover over the coming year – a 15% rise compared to last quarter – and a net 8% (up by 11%) expecting to improve profitability.

Professor Mohamed Shaban, associate dean for business and civic engagement at the University of Leicester School of Business, said: “The survey results are yet another testament to the resilience of businesses in the East Midlands.

“Despite the challenges in the past few years, businesses have successfully navigated their way through the uncertain domestic and global economic environment.

“Businesses have endured credit tightening, an inflationary environment, supply chain disruptions and skilled labour shortages, which have collectively hindered the possibilities for growth.

“New initiatives are required to support businesses to invest in technologies that help them achieve higher levels of automation, nudge them towards net zero goals and empower them to invest in upskilling employees.”

Commerce House

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