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Great Britain’s customers set to save billions on energy bills thanks to new energy system.

A new energy system – developed in the north west, and the first of its kind – has the potential to save Great Britain’s customers up to £1bn, after being approved for national roll out by energy regulator Ofgem.

The system, called CLASS, was developed by Electricity North West as a way to help National Grid Electricity System Operator (ESO) manage the power network across Great Britain.

It works by helping balance spikes in demand for energy or dips in supply by imperceptibly reducing the amount of power being used by everything from streetlights to industry to everyday household devices.

Yesterday, Ofgem, gave its seal of approval stating in a report: “Our updated assessment suggests that the net economic benefit is likely to be significant. Prohibiting CLASS would narrow the set of choices available to the ESO and mean consumers faced higher electricity bills than they might otherwise do.”

It also said: “We consider that CLASS is one of the many low cost, low carbon and reliable technologies that will be needed to meet the ESO’s future balancing service requirements.”

The system was deployed over two years ago in the North West with North West customers having received approximately £7.3m off their own electricity bills as a result, on top of savings for all Great Britain’s energy consumers from lower balancing costs.

Ofgem also revealed: “Stakeholders including the National Grid ESO observed that CLASS could be deployed to reduce or, in some cases, eliminate the need for automated disconnection.”

Paul Bircham, Electricity North West’s engagement and regulatory strategy director, said: “In an incredibly difficult time for all customers, we’re delighted to see a forward thinking move by the energy regulator Ofgem in making a decision that enables a national rollout for CLASS.

“The system really is one-of-its-kind and it will benefit all electricity customers and if rolled out nationally, Ofgem have estimated CLASS could save customers in excess of £1bn.

“We do understand it’s a worrying time for all bill payers and we’re committed to doing everything we can to help ensure annual bills are kept as low as possible.”

Currently, Electricity North West receives around £90 from annual electricity bills which funds maintaining and upgrading the North West’s power network. And, as part of its new business plan which will see the business invest a record £1.7bn, it will also aim to keep its part of the bill as low as possible for customers.

And following Ofgem’s confirmation, Electricity North West is considering deploying it further across its network while it is already in talks with other network operators across Great Britain to help them adopt similar schemes outside the North West. Interest has also been shown internationally.

The need to balance the UK’s power supply in clean and low-cost ways has increased in recent years as the country transitions towards using more and more clean, renewable energy.

Because solar panels and wind turbines are less predictable, the National Grid has to be able to quickly respond to sudden rises or falls in electricity generation or changes in the nations use of electricity.

The changes CLASS makes are so small that typical households don’t notice a thing, but when applied across large areas, can make significant differences to the amount of short-term power required, helping stabilise the National Grid.

“Our engineers have worked for years to develop this technology and today’s ruling from Ofgem proves it was all worthwhile,” added Paul Bircham.

“As a country, we have always needed ways to either create new supply or limit demand at short notice but, until now, that has been often achieved by firing up fossil-fuel generators.

“This system does the same job, but without creating any of the harmful emissions that go with old legacy modes of generating electricity and we’re very proud to see Ofgem supporting it.”

CLASS can also allow network operators to free up more capacity by carefully reducing power on the network.

For more information about CLASS, visit https://www.enwl.co.uk/go-net-zero/innovation/key-projects/class.

Exchange begin search for next cohort of UK’s best tech start-ups

Exchange, a programme that seeks to support early-stage tech businesses, is searching for stand-out start-ups in the tech industry to join its fifth cohort of companies who are innovating in their industries – with applications due to close on January 11th 2023.

 

The successful tech scale-up support scheme is now in its third year and is welcoming applications for places on its March 2023 programme. To date, Exchange has supported more than 450 people from over 100 businesses that have created over 120 jobs. The scheme’s tech start-ups have raised more than £10m in funding on their growth journeys.

 

Applications to find its fifth cohort of tech businesses opened early in December, with judging and next stage interviews set to take place in January 2023.

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The scheme seeks to support the UK’s next generation of tech businesses reach their full potential and is based at Department Bonded Warehouse in Enterprise City, Manchester. It offers ambitious entrepreneurs and their businesses a physical base in the city’s tech, media and creative cluster, as well as access to industry experts, networking and learning events, opportunities and introductions for funding and a place in a network of like-minded entrepreneurs.

 

Programme partners span marketing, legal, accounting, recruitment and funding functions, giving successful businesses a complete toolkit of resources to thrive and place themselves among the UK’s most exciting start-ups.

 

Alice Glover, community outreach lead at Exchange Enterprise City, said: “We’re on the hunt for the next wave of exciting business to join our community of entrepreneurs. Over the past three years we have witnessed many success stories and want to continue this and support another series of businesses reach their full potential, with the help of our partners and the ecosystem we have built.

 

“Scaling a business isn’t a level playing field with considerably less women and people from underrepresented backgrounds given the opportunity to bring their ideas to life. Despite women outnumbering men in the UK, only one in five businesses are run by women. We have also seen that split reflected in previous applications for the Exchange but this year we want to change that.

 

“This year we’ll be working more closely with Exchange alumni and the wider female business community to inspire even more people to scale their own enterprises, and make the best use of the ambition, ideas, and determination of people of all demographics.”

 

Exchange is at the heart of Enterprise City at St. John’s, Manchester, and a catalyst for small businesses to join the wider ecosystem, creating jobs and contributing to the region’s tech industry. The programme is delivered in collaboration with its knowledge partner, Tech Nation.

 

The scheme’s alumni include Pixel Max, a 3D virtual workplace tech business which raised more than £2 million while it was an Exchange member, My First Five Years, which secured £1.4 million at the beginning of this year, Versori and Sparkbox, which have both recently completed £1.5 million deals to enable them to grow to the next level.

 

If you would like to apply to join the fifth Exchange cohort and benefit from the knowledge and support offered, apply today at https://www.enterprisecityuk.com/exchange-application/.

LEGO tops 2022 predictions for most popular educational Christmas toys, including skateboards

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In their predictions for 2022, Home learning providers Oxbridge predict Lego will be the most popular educational Christmas toy among children.

Classic Lego, Skateboards, and the Furby toys are projected to be the most popular items on wish lists. Lego toys continue to be a favourite among both kids and adults. So, we fully anticipate it to be at the top of people’s Christmas lists this year.

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Lego, which first gained popularity in 1999, fundamentally changed how we play today. They help kids focus, which is good for their brain development. The past year has seen 8 490 000 searches for them, indicating that they are still in high demand.

The toy won’t break the bank either, costing only roughly £29.99, especially in light of the current cost of living crisis. In spite of the challenges, Christmas should still be a joyful occasion for children.

Unexpectedly, skateboards, which have been flying off the shelves every Christmas since they gained popularity in 1997, are another instructive toy that is likely to make an appearance in letters to Santa this year. These educational toys that teach patience and perseverance only cost between £9.96 –  £58.10 and have continuously been among the most sought-after toys for decades, according to 1 310 000 searches made over the past 12 months.

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Demand will also be high for Furbys this Christmas. Kids will be clamouring for these 2000 toys with artificial intelligence and technology, which are priced at £8.34. 5 12000 people searched for them in the past year, a 38% increase in interest from the Christmas before.

“Toys are an essential part of learning and development for children. Through toys, kids can develop physical skills like balance and coordination, as well as learning to interact with the world around them.” Richard Brennan, head of digital marketing at Oxbridge, gave advice.

“By playing with educational toys, children learn to think abstractly, develop their cognitive skills (e.g., problem-solving), and practise new concepts in a safe learning environment. Toys also help children to express themselves – from learning how to create stories to expressing emotions through make-believe play.”

“Toys provide a fun way to extend learning that encourages exploration and creativity while setting the perfect foundation for social development. Furthermore, research has found that when proper guidance is given in using toys (such as constructive criticism), toys have been proven to help improve focus, concentration, and motivation in learning overall.”


Top 5 Christmas toys 2022
1999 Lego – £29.99
1976 Skateboard – from £9.96 –  £58.10
2000 Furby – £8.34
1992 Barbie doll – £69.99
1970 Easy Bake Oven – £27.99

PR Fire Invests in Young North West Talent with New Apprenticeship Hire

Hot on the heels of their recent exciting new hires, the UK’s leading press release distribution service, PR Fire, is pleased to announce the addition of apprentice Marketing Assistant, Lauren Redford.

Lauren’s apprenticeship, which started in December will bring a fresh focus to PR Fire’s own digital marketing strategy, with projects including branding, social media, email marketing, CRM, SEO and content creation to work on as the business continues to expand in the UK and US markets.

As an English Literature graduate and an already established blogger, Lauren is perfectly positioned to put her knowledge and experience into practice. She joins Naomi Finnen and Holly Darroch, who joined the business in November to bolster the capacity of the PR campaign delivery team.

Dawn Jackson, Managing Director, said: “In today’s marketing landscape, young people bring an undeniably valuable perspective. Today’s graduates have a unique understanding of online services; they have extensive experience as both consumers and creators, on digital platforms that have existed for the majority of their lives.”

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Dawn Jackson, Managing Director

PR Fire’s unique pay-as-you-go approach to press release distribution contrasts with the typical PR agency model and is proving an increasingly attractive proposition in today’s economy. Businesses are less willing to pay monthly agency fees without guaranteed success, and with PR Fire business owners can get the most mileage for their budget. Larger businesses who already retain PR agencies are turning to PR Fire as an extra layer of outreach for optimum results for minimum extra cost.

PR Fire custom-builds targeted journalist lists for each and every news story they distribute and boasts thousands of pieces of coverage on established media outlets including the BBC, The Independent and the New York Times. Internationally, PR Fire has established partnerships across the United States, with clients taking advantage of bolt-ons that guarantee their stories are featured on the likes of Yahoo! News & Finance, MSN, USA Today, and over 200 US News Sites.

The business relocated from Hale to Warrington’s vibrant office building, The Outset, in late November, which has given PR Fire the space to continue to accommodate key new hires.

Dawn added: “Having young and motivated team members allows PR Fire to offer a dynamic, forward-thinking, innovative approach to our clients’ press release campaigns. Our new hires have a great opportunity to apply their skills as part of a growing team and contribute to the wider success of the business.”

To find out more about how PR Fire’s press release distribution services can help your business, visit https://www.prfire.co.uk.

Mike Collins, a Mortgage Expert discusses the meaning of bridging loans and how they can benefit you in the current economic climate

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A bridging loan is a great option during times of high interest rates.

Bridging loans are interest-only loans that are able to be taken out by people who require funds immediately. It’s basically an intermediary between credit being readily available and debt that is incoming.

This financial aid is open to anyone who wishes to purchase property through auction, or buy the property outright, make construction or renovations, and many other projects when the time is short.

Mike Collins has 17 years of experience in financial planning. He stated: With nearly half of all homeowners losing their home purchase to foreclosure It is crucial that the borrowers can get their house back on the market quickly. A bridging loan could assist them in this.

“Interest Rates for Bridging Loans are higher than other Finance Products. I’ve been asked numerous times recently if people should be worried that interest rates have increased.”

The short answer is that the bridge loan is typically returned within a few months. This allows the interest to be more manageable and the loan affordable. I’ll explain bridging loans in greater detail below, and explain how they can help in today’s economic environment.

Rates of interest for bridge loans

They are able to be fixed and can provide stability, provided you are capable of making the payments for your term. Variable rates of loan can be subject to change according to the Bank of England base interest rate (Sept 2022).

The greater the interest rate the greater your monthly repayments will be.

The rates will differ based on the reason for the loan. Bridging loans for business or land are more expensive than loans for home purchases.

The demand for buyers is very large. This causes delays in the purchasing and conveyancing process. This is why it is more crucial to get bridge loans.

It is crucial to keep in mind that interest rates are calculated on a monthly basis whenever you examine them. This is due to the fact that the term typically runs between 9 and 12 months.

Cash is in your account in a flash

Bridging loans are quicker than mortgage or secured loans, if timing is crucial.

Bridging loans are available in just three days.

Since the lender will be dependent on the exit plan you choose, it’s much simpler to plan your exit strategy. This is the way you plan to pay back the loan once the loan term is over.

If your credit score isn’t excellent, you can obtain a credit card

Your credit score will decide whether you’re eligible for the bridge loan. But, it can affect the rates of interest and the fees you might have to have to pay.

If you’re not able to get credit however, it’s not difficult to obtain a loan. The lenders tend to focus on the value of the property more than the credit score in they decide on rates.

Since the loan is secured by an asset of value There aren’t any lengthy screening processes.

Help in repairing broken chains

Recent research has revealed that one in five applicants needed a bridge loan because of a damaged chain. The chain broke, which caused delays in their purchase and forced the borrower to take out an loan to fill the gap.

Bridging loans can be a feasible alternative to sell even though the typical duration is 4 months.

The current rate of interest could result in a decline in demand for buyers, and, in turn of that, a decline in the amount of bridging loans. These loans can be vital for property developers as well as buyers and other.

Whatever bridging loan option you select, make sure that they’re part of the Financial Conduct Authority. This will ensure that any complaints particularly when they concern huge amounts of money, will be dealt with in accordance to FCA guidelines.

The reason why a business should make use of the bridge loan

Bridging loans are short-term financial options that allow companies to meet their immediate needs or to take advantage of an opportunity that is timely. They can be used to help bridge the gap between buying an asset or property and receiving a longer-term loan. Businesses can use the bridging loan to fund a rapid purchase of equipment or to buy a property to meet a new contract. Bridging loans can be a convenient method for businesses to gain access to capital to help them expand.

What can I do to get a UK Bridging loan

You’ll need to talk to a specialist in corporate lending to get an UK Bridging loan. A lot of banks and financial institutions provide bridging loans. There are lenders who specialise in Bridging loans. The lender will assess your financial and creditworthiness prior to granting you the loan.

More from Mike Collins Mortgage Expert

Mike Collins Mortgage Expert – What kind of property development finance is required?

 

Leading Goal Scorer Represented by Manleys Before the Swiss Court of Arbitration for Sport

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Whilst the majority of football’s leading names descended upon Qatar for the World Cup last week, Manleys Solicitors represented an internationally capped footballer in the final hearing of a complex appeal matter, before the Court of Arbitration for Sport – based in Lausanne, Switzerland.

Following an initial win at the FIFA Dispute Resolution Chamber and throughout the 6-month appeal process, Manleys have been instructed by a highly successful footballer who has had a career spanning many of the continent’s top leagues. His agent is an eminent figure across European football.  For legal reasons, neither can be named until the Appeal process is completed.

Manleys instructed highly acclaimed Sports barrister Steven Flynn of Kings Chambers in the appeal following his previous success for the player before the FIFA Dispute Resolution Chamber. In the FIFA DRC’s award, which was appealed by the club, the player was awarded in excess of £100,000.00 having concluded that the player did have ‘just cause’ to prematurely terminate his contract for the matters complained of. His former club, a vastly decorated team in eastern Europe argued that the player did not have just cause. The allegations in the proceedings where quite remarkable – whilst the bulk of the complaints against the club related to unpaid salaries and agent fees, there were other serious allegations of dishonourable conduct on the part of the club and its officers which again, the Player contributed to just cause to terminate his contract without giving notice.

Mark Manley, Managing Director at Manleys said: “This is an important case and is likely to set precedent regarding CAS “just cause” provisions.  Additionally, we have seen some significant differences in procedures operated by the Court of Arbitration for Sport compared to those which would operate in UK courts.  Whilst this has been predominately strictly a legal fight, there has been a human element too. Our client, who gave oral evidence at the recent hearing, commanded the courtroom as he emotionally recounted his allegations of prejudicial treatment that both he and several other teammates suffered. This case has been ongoing for some time now, and our client is keen to see it finalised.  That said, happily, it appears that the legal dispute off the pitch is not impacting his skills on it as he remains the top scorer in his current league.  We eagerly await the Arbitrator’s decision.

Sports law specialists, Manleys, is instructed by Premier League footballers and clubs, managers, World champion boxers, sports associations and athletes involved in Olympic selection disputes.  The firm continues to represent a high-profile client in an ongoing Formula 1 dispute. Manleys is available to assist any individuals or organisations in any sphere of sport who encounter any legal difficulties.

For more information, contact Manleys – info@manleys.law or 01244230000

Pixel Kicks continues growth trajectory with latest client wins

Pixel Kicks, the Manchester-based full-service digital agency, has added to its growing client roster after securing two new client wins in the tech and retail sectors.

Pixel Kicks will be working with Project Mango, which is a leading architectural visualisation studio based in MediaCity. Project Mango works closely with developers, architects, designers and branding agencies, offering a full spectrum of digital communication services for the built environment from early planning stages to producing high-end marketing collateral. These include still imagery, animation, film, immersive virtual tours and custom applications.

The agency will initially lead a full branding revamp of the business along with the rollout of a new suite of marketing collateral. This will be followed by a targeted SEO campaign that will focus on maximising creative content, as well as the creation of a new website which will go live in Q2 next year. The core aims are to increase Project Mango’s reach, to deliver high quality leads and to showcase the company’s broad portfolio of work.

The second win is The Mailing Room which is the biggest distributor of mailing room equipment in the UK. Its range includes franking machines, mail scanners and shredders. Headquartered in Bury, the business supplies clients operating across the public sector as well as large corporations, professional firms, high street and online retailers and SMEs. It focuses on helping them to hone and enhance their mail management and direct marketing strategies.

The project will see Pixel kicks design, develop and deliver a new WordPress/ WooCommerce website that will build on their established brand with a contemporary feel. Careful attention will be placed on ensuring a first-class UI and UX to drive equipment lease enquiries and expand their consumerables offering. The site is expected to go live mid-2023.

Jamie Bray – business development manager at Pixel Kicks – commented: “Despite the current economic uncertainty, demand for our services continues to climb. I believe that is down to our reputation for delivering a strong return on investment for the brands we work with. Our client roster spans numerous sectors, so we never take a one size fits all approach. Every single project is tailored and bespoke. That is how we add value.”

How Formula 1 Has Impacted Upon The Car Industry Worldwide

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Whether it is conscious or subliminal, many sporting worlds heavily impact on day-to-day life the world over. From the parlance used in sports commentary, through to the direct impact sports stars have upon advertising and endorsement, sport has become a huge vehicle within society, that far transcends the white lines of a pitch, court, or track.

In terms of international sporting vocations, few have the global appeal of Formula 1, with the fascination of a car thrashing it around the track at breakneck speed, both relatable and unrelatable in equal measure. In addition, many industries thrive off the back of Formula 1, in particular the online gambling sphere: according to Legalbet, many bookmakers hone in on Formula 1 and the different races taking place in the sporting calendar.

Having first originated back in 1950, few sports can map the evolution of technology and infrastructure that Formula 1 has undertaken in the subsequent 70+ years and the impact of Formula 1 upon society continues to grow exponentially.

Parallels are naturally drawn between the fast and furious world of Formula 1 and the worldwide car industry. Whilst their similarities are often boiled down to fewer than one would think, the way in which Formula 1 is viewed and consumed, has a tangible impact on the car industry as a whole.

Here is a rundown of just some of the ways in which Formula 1 has impacted upon the car industry worldwide:

Same Brands, Different Cars

There are currently 4 teams taking part in the regular 2022 Formula 1 season that represent established ‘regular’ car makers, and this direct crossover goes far beyond placing a badge on the front of a car.

Within the complex world of Formula 1, car manufacturers and engineers are constantly seeking the small percentiles that can shave seconds off a particular car as it travels around a race track. This technology may not be too applicable in the road car world but the engineering qualities that are used in Formula 1 inevitably transfer well over to road car users.

The 4 teams currently racing in Formula 1 that have regular cars on the market are:

Mercedes – A brand that needs absolutely no introduction, Mercedes have long been associated with the luxury car market and their success has transferred well into the Formula 1 sphere. Headed up by Lewis Hamilton again in 2022, Mercedes are one of the main forces in Formula 1, last winning the F1 Constructors Championship back in 2020 – thanks to the exploits of 7-time World Champion Hamilton. George Russell drives alongside Hamilton, as Mercedes base the predominance of their operations in the UK, despite originally being a German company.

The success of Mercedes on the track has certainly had a direct impact on the popularity of Mercedes as a regular car brand and the notoriety of all Mercedes cars remains commonplace all over the roads of the world.

Ferrari – Another iconic brand, Ferrari made their name in the Formula 1 sphere before producing cards that appeal more to regular road use. That said, there is still a huge amount of luxury associated with the infamous red horse of Ferrari and wealth is at the very heart of the aesthetic Ferrari tends to portray.

On the track, success has been hard to come by for Ferrari in recent seasons, and fans will be hoping the dynamic duo of Charles Leclerc and Carlos Sainz can be the catalyst to better things moving forward.

Owning a Ferrari carries a certain level of kudos for any driver and the impact of Formula 1 upon that kudos is huge, making Ferrari arguably the best example of the link between F1 and day-to-day life.

Alfa Romeo – By contrast, Alfa Romeo were an established car brand before moving into Formula 1 – another indicator of the impact the sport is having upon the existing car industry. Based in Milan, Italy, Alfa Romeo are notorious for producing classy sports cars, which have a certain gravitas to them.

Transitioning into the world of Formula 1 is no easy move, especially with the likes of Mercedes and Red Bull having enjoyed so much success in recent years. Alfa Romeo are languishing in the mid-table of the Constructors Championship in 2022, with the experienced Finn Valtteri Bottas teaming up with Guanyu Zhou on the grid week win, week out.

Propelling Alfa Romeo to a bigger audience through Formula 1 has been beneficial for the company and they will be hoping to crack the congested pinnacle of Formula 1 sooner rather than later.

Aston Martin – Another car manufacturer that has transitioned from regular car production into the world of Formula 1 is Aston Martin. A brand made iconic by the fictional character James Bond, Aston Martin are also in the world of sleek, instantly recognisable car production, all of which only serves to add to the appeal of having such a reputable company in the F1 sphere.

Cracking the very upper echelons of Formula 1 takes time, effort and serious money, something Aston Martin appears to have but as yet, they are yet to really trouble the scorers in too many Formula 1 races. 4-time world champion Sebastian Vettel is on board at Aston Martin in 2022, alongside young Canadian hopeful Lance Stroll.

It has been fascinating to see how Aston Martin have developed within Formula 1 since they arrived on the scene back in 2021 and how they will improve moving forward remains to be seen.

Transferrable Technology

Driving a Formula 1 car could not be more different to a ‘regular’ motor, but all of the aforementioned teams have utilised technology used on the track and implemented them into their cars for sale. Ranging from exhaust and acceleration technology, through to communication innovations, there are many transferrable elements between driving a Formula 1 car and a regular road car.

Consumers are constantly on the lookout for innovations and few sports can compete with Formula 1 when it comes to technological advancements. As a consequence, onlookers can expect to see more links between Formula 1 and the worldwide car industry in the future.

Northwood Urban Logistics secures first two lettings at Mersey Reach Phase 2

JLL and B8RE have advised on the lettings of two new-build warehouses, measuring 8,445 sq ft and 5,782 sq ft, at Phase 2 Mersey Reach in Liverpool. These are the first units to be let out of the 12 that were developed by Chancerygate and subsequently sold to Northwood Urban Logistics on completion of the development.

Air conditioning and refrigeration provider TF Solutions, who are a division of Travis Perkins, will occupy Unit 6C, whilst security & fire products distributor Fortus UK will trade from Unit 8C.

The scheme is proving to be hugely popular with two further units under offer and good interest being received in the remaining units. Ranging from 4,047 sq ft to 29,653 sq ft all units will benefit from Electric Vehicle (EV) charging points as well as other carbon saving initiatives such as 15% roof lights to provide natural lighting to workspaces, high performance insulated cladding and roofing materials and on Unit 5, Photovoltaic (PV) panels to help reduce operating costs.

The high-profile site is strategically located on Dunnings Bridge Road in Aintree and benefits from strong motorway connections to the M57 and M58 at Switch Island. Dunnings Bridge Road is a major arterial road into Liverpool and sees 40,000 vehicles pass by every day.

Richard Johnson, Director, Industrial Agency, JLL said: “It’s great to see the first two units at Mersey Reach let to major occupiers that will play a key role in the local economy, and we expect strong demand in the remaining units from occupiers for looking for high-quality trade-counter and SME industrial/ warehouse space in Liverpool.

It really is a fantastic high-profile scheme that has followed on from the hugely successful Phase 1 at Mersey Reach, which is home to Selco Builders Warehouse, Hardy, Happy Drinks, CNC Robotics, Euro Garages and Starbucks.  Its green features like the inclusion of EV charging points that make the space stand out to businesses, especially those that are looking to reduce their carbon footprint and save on operating costs.”

Tom Marriott, Industrial Agent, B8RE said: “Despite the threat of an economic slowdown, we have seen promising depth in occupational demand for good quality multi let industrial property and Mersey Reach is a perfect example with these most recent lettings to high profile occupiers. We are optimistic that this success will continue next year.’’

Iain Taylor, Director, Northwood Urban Logistics said: ‘’We are very pleased to welcome TF Solutions and Fortus UK at Mersey Reach. There is a significant lack of availability of good quality industrial premises within Liverpool City Region and the scheme offers a fantastic solution for growing occupiers.’’

JLL and B8RE are the joint letting agents acting on behalf of the landlord, Northwood Urban Logistics.

Tristone Healthcare strengthens portfolio with latest acquisition

Tristone Healthcare has announced the acquisition of K Bond Healthcare Ltd (trading as Next Steps), completing a trio of deals in 2022 for the buy and build social care investment group.

The acquisition of the North West-headquartered provider – which operates across Greater Manchester – follows the addition of Seaside Care Homes and Beyond Limits Ltd to its portfolio of businesses. In the last two years, the company has expanded its group from one to six, increasing the number of people cared for from 32 to162.

Next Steps, which was founded in 2015, specialises in providing individuals with chronic and treatment-resistant mental illnesses with a therapeutic home environment to receive the highest quality of residential and nursing care. Employing 42 staff, and supporting 22 individuals, the provider currently operates across four specialist nursing homes.

Tristone founder and CEO, Yannis Loucopoulos, said: “The acquisition of Next Steps is another fantastic addition to our community of businesses and an important strategic step in expanding our footprint in the North West in what is a specialist area of nursing and mental health provision.

“The business has loads of potential. As such, we’ll be working closely with the senior leadership team to explore opportunities to open further homes throughout the North West, replicating the existing and highly successful model, which delivers vital services for those individuals with acute needs.”

At the end of 2021, the investor secured £20 million of funding from Duke Royalty, which has supported this latest transaction. The capital has also been utilised to support the organic growth of its current portfolio, together with significant investment in its proprietary platform that supports improved service quality.

Kirsten Bond, founder and managing director, will remain in the business, as part of the deal. She said: “We’re delighted to be part of the Tristone community, which is made up of a diverse range of social care businesses that are all value-driven and care-centric.

“We’re extremely excited about the potential that exists under the guidance of Tristone, which, like us, has an unwavering focus on delivering outstanding care and support. This perfectly aligns with the reputation we have built up across our four specialist nursing homes. Together we are committed to maintaining that focus, while expanding our presence and services throughout the region.”

Tristone adds significant value to its community businesses beyond investment through initiatives such as the Tristone Growth Enablement Platform and it independent safeguarding board. The board is made up of seven of the industry’s leading figures who are responsible for observing and overseeing care and safeguarding matters for Tristone Healthcare’s community of businesses.

Advisers to the transaction: 

Tristone Capital: Moore & Smalley (finance & Tax DD); St Johns Legal (legal DD).

K Bond Healthcare/ Next Steps: Redwoods Dowling Kerr (broker); DHD & Co (accountants); Ison Harrison (solicitors).