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SMES ACROSS THE NORTH BOOSTED BY £100M INVESTMENT

6th July 2022 – The Northern economy has been boosted by over £100m according to figures released for investments made by FW Capital in the financial year ended 31st March 2022.

Loans totalling £35.5m were made directly by FW Capital which attracted co-investment of £69m from the private sector, underlining FW Capital’s long-term economic impact in the region.

The investments have helped local businesses across the North to create and safeguard 1677 jobs – a 79% increase from last year’s figures of 935.

This growth has been delivered through the three funds FW Capital has under management. The NPIF – FW Capital Debt Finance has funded £88m with a focus on Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside, and the Tees Valley. The North East Property Fund has invested £12m and a further £8m was invested through the Tees Valley Catalyst Fund (TVCF), which is managed on behalf of Tees Valley Business, the local growth hub for the Tees Valley and part of the Tees Valley Combined Authority. This fund helps businesses bid for new contracts by providing short-term loans.

Gary Guest, North West Fund Director at FW Capital, said: “The level of employment generated as a result of our investments has been impressive, particularly during this crucial period of recovery. Every business has been touched in some way by the events of the last two years and having access to capital has given many business owners the confidence to grow and seek out new contracts. This has boosted job creation and the local economy with many businesses coming back stronger thanks to this funding.”

One business that has benefited from NPIF – FW Capital Debt Finance is Lytham St Anne’s business Airship Interactive which has created 50 new jobs after receiving a £450,000 investment. The funding is also supporting Airship Interactive’s significant growth plan which includes securing a second office, alongside investment in research and new service lines.

CEO of Airship Interactive, Joe Harford, said: “The gaming industry has been very strong over the last few years, and we have been able to capitalise on this further demand for our art services and increase our share of the market. Through continued investment we have built a highly skilled team of specialists complemented with the latest technology and equipment and this latest funding will allow us to expand the business even further.

“We are working with major global gaming companies for some of the highest profile projects and now attract the best talent to join our team. FW Capital has provided exceptional support over the last two years and we’re delighted they are helping us with this next stage of growth. We’re really pleased to continue to work with them.”

SAINSBURYS SIGN PRE-LET DEAL AT GUINNESS POINT IN TRAFFORD PARK

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New 68,374 sq ft distribution facility set to practically complete this month
July 2022 – Harbert Management Corporation (Europe) LLC has announced that it has secured a pre-letting at Guinness Point, a brand new 68,374 sq ft industrial unit in Trafford Park. The new distribution facility will be practically completed this month.
Sainsburys Supermarkets Ltd has signed a 15 year lease on the facility which will provide the retailer with a prominent, high-quality, new build development within the heart the North West’s prime industrial/logistics location.
Having identified a lack of supply within Trafford Park and the wider Greater Manchester region, Harbert Management Corporation committed to speculatively develop the unit with strong occupational demand received immediately.
Steve Capper, Director, CBRE’s Industrial & Logistics team, comments;
“Given the lack of development within Trafford Park, coupled with the prominent location and specification of the unit, it is no surprise that an excellent company such as Sainsburys has committed to the property.”
Howard Hill of Harbert Management Corporation (Europe) LLC further comments;
“We are excited to welcome Sainsburys Supermarkets Ltd to the Trafford Park portfolio. It has been a pleasure to work in partnership with Sainsburys on the scheme and we look forward to seeing them operating from the unit very soon. We have seen record levels of take-up and rental growth across the Trafford Park holding and occupancy levels remain at an all-time high.”
CBRE and B8RE acted for Harbert Management Corporation (Europe) LLC and Avison Young acted for Sainsburys Supermarkets Ltd.

Deloitte eyes 2023 Manchester office move to Salford’s Embankment

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New office to accommodate 70 per cent planned headcount growth

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Office aligned to Deloitte’s hybrid working and climate commitments

Deloitte has agreed heads of terms for a 10-year lease for 43,000 sq ft of space at
100 Embankment,
a new state-of-the-art office building located above Salford’s Greengate Square beside Manchester’s historic Medieval Quarter.

Currently based in a flexible office space at WeWork in the Hanover Building, Deloitte’s 1,050 people in Manchester will move to the new Grade A space in autumn 2023. The decision comes amidst growth for
the firm both in terms of revenue in the region and headcount. Total people numbers have grown by more than 150 in Manchester in the past year alone and plans are in place for Deloitte to increase its Manchester headcount to 1,800 by 2025. 

In line with Deloitte’s commitment to becoming net-zero by 2030, 100 Embankment is rated
‘BREAAM Excellent’ for its sustainability credentials and the fit-out will be aligned to
Deloitte’s
WorldClimate objectives and the green principles set by the firm’s UK head office at 1
New Street Square, London. The new Manchester office will also reflect Deloitte’s hybrid
working model that offers a range of spaces to help fuel creativity, wellbeing and generate more collaboration across the business.

Amenities will include a dedicated entrance, as well as a communal roof terrace suitable for a range of purposes, from meetings and seminars to outdoor spaces for exercise and individual working.

The news comes as Deloitte recently announced 326 promotions across its North West practice ahead of its new financial year, including seven promotions to partner, one to associate partner,
one to senior director, and a further 19 people to director.

Andy Westbrook, practice senior partner for Deloitte in the North West, said: “We want to substantially grow our practice in the North West and Embankment is the perfect place for us to set down roots as we further commit to Manchester
and the wider region. Our headcount has grown by more than 150 people in the last year alone and we have plans to recruit a further 750 people over the next three years.

“This new space also aligns with our commitments to sustainability, wellbeing and digital connectivity. We will create an inspiring and flexible workplace where our people and clients can connect and collaborate. Its central location
makes the office easily accessible via a variety of viable transport options and I am looking forward to designing and shaping our new home with our people.”

Salford City Mayor, Paul Dennett, added: “Embankment is one of the city’s flagship developments and we’re extremely proud of its success in attracting major companies. I’m delighted that Deloitte is choosing to relocate here. They
are coming to Salford at a very exciting time, with our strong strategic vision for the city’s future, built on growth and opportunity.

“Deloitte’s people can look forward to Grade A office space, complemented by stunning views across the River Irwell, Manchester Cathedral and city centre. It offers easy access to key transport links such as the Exchange Square tram
stop and Victoria station, as well as a host of retail & convenience, accommodation and eateries just a short walking distance away.

“This announcement is great news and further emphasises the growing opportunities available in Salford for both businesses and individuals.”

MANCHESTER UNITED ANNOUNCES DXC AS DIGITAL TRANSFORMATION AND SHIRT SLEEVE PARTNER

DXC Also Becomes Presenting Partner of Manchester United Foundation

Manchester United has today confirmed a multi-year global partnership with leading IT services company, DXC Technology, which will see the two organisations work together to enhance its digital offering to fans.

DXC will use its expertise in digital transformation to improve the way United engages with fans through its digital platforms, including manutd.com and the Manchester United App by harnessing the power of data and analytics technologies.

From the 2022/23 season, DXC will be visible on the club’s home, away and third kits, creating worldwide brand exposure for the global tech company.

DXC will also become the Presenting Partner of Manchester United Foundation. The partnership will focus on how technology can have a positive impact on people, the environment, and society, working together to educate and inspire a new generation of STEM students, through digital workshops, programmes and in-person seminars.

Manchester United’s CEO of Alliances and Partnerships, Victoria Timpson, comments:

“We are proud to welcome DXC as our principal shirt sleeve and digital transformation partner. We are two organisations with a shared belief in the power of technology and its role in improving the way in which we operate.

“DXC’s technological expertise will help put Manchester United at the forefront of digital transformation, providing efficient ways of working and new and exciting opportunities to interact with fans. The possibilities are endless, and we are looking forward to working with DXC on our future digital offering.”

DXC Technology’s Chief Operating Officer, Chris Drumgoole, comments:

“Manchester United is a club with huge history and we are proud to be part of its exciting new era for the club.

“Whether it’s running one of the most popular and successful sports teams in the world, or transforming business for Fortune 500 organisations, Manchester United and DXC are experts in managing world-class operations. We stand shoulder to shoulder in our belief in the power of technology to win.”

Parfetts invests in Manchester digital agency.

Fast-growing wholesaler Parfetts has made a strategic investment in Manchester digital agency Pixel. The investment will help the two companies to build new technology for convenience retailers and shoppers.

The Stockport-headquartered wholesaler supports over 1,000 retailers within its Go Local fascia group and operates seven depots across the UK. It has collaborated with Built by Pixel on the evolution of its own digital platforms for over a decade and has seen online orders grow to 40% of its turnover.

The deal sees Parfetts take a 25% stake in the digital agency for an undisclosed sum. It will enable the development of new mobile and online platforms.

Commenting on the move, Guy Swindell, joint managing director of Parfetts, said: “Pixel is a long-standing and trusted partner for Parfetts. We’ve made a strategic investment to help us accelerate our plans and develop new technology that will raise the bar for retailers and shoppers alike. Working together, we are confident we can lead the industry in this area.”

Pixel is a Manchester-based digital studio that specialises in the design, development, and architecture of custom-made online applications. The team of 15 works with clients from start-ups to multi-national brands.

Ben Price, managing director of Pixel, said: “It’s great that a client relationship has evolved over time, and Parfetts has the confidence to invest in our business to help drive digital transformation in the wholesale and convenience sector. We have big plans for the partnership and look forward to sharing more over the coming months.”

Parfetts have further invested in its digital offering by expanding the existing digital marketing team. Mel Bruton has joined as digital marketing manager and comes with over eight years of experience across a number of corporate and retail roles.

Mel will work closely with Pixel, the Parfetts marketing and IT teams to ensure the wholesaler’s digital offering is best in class, delivering the same experience that customers enjoy in the cash & carry environment.

Guy Swindell said: “Mel brings a wealth of experience to her new role. Over 40% of our sales are now generated online so it is an important channel for us. But it isn’t all about online ordering, we want to continue to develop our digital channels to drive customers to our retailers’ stores. We are developing new services that will open up new sales channels and opportunities for our customers.”

Parfetts and Pixel worked together to develop the wholesaler’s online ordering platform. It created a simple and easy-to-use experience for Parfetts retailers and provides a personalised shopping process to ensure orders can be processed efficiently. The systems are regularly updated with new features, and the API platform is already powering additional projects.

Vernon shares £3,000 fund between five local charities

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Stockport’s Vernon has announced the five Community Stars that will share its
£3,000 community fund for the second quarter of 2022.
Employees of the building society voted for the following not-for-profit groups:
 Transport for Sick Children = £1,000
 Jump Space = £750
 Bare Necessities Toiletry Bank = £550
 Poynton Pedals for all = £450
 The Garden House Marple Charity = £250
Marie-Anne Eckersall, Communications & Fundraising Co-Ordinator at Transport for
Sick Children, said: “We’re thrilled to be given such a large donation from the Vernon
Building Society Community Stars fund.
“As a small charity covering Greater Manchester this will make a big difference,
allowing us and our volunteer drivers to support more families who are struggling to
attend vital medical appointments for their children.”
What is Community Stars?
Vernon launched its brand new community funding scheme earlier this year to help
local charities and not-for-profit groups across the Stockport borough.
It offers a share of its £12,000 annual fund to Community Stars every quarter,
chosen by its members, colleagues, and the public throughout the year.

Tanasè Rivers, Head of Marketing, Brand and Culture at the Society, added:
“Vernon is committed to supporting the amazing groups, charities and not-for-profits
that help make Stockport the fantastic place it is.
“We are thrilled to provide funding to these five brilliant local organisations through
our Community Stars scheme.
“It’s not too late to nominate your favourite charity or non-for-profit group our next
vote will be at the end September – Show us the causes close to your heart in our
wonderful community.”

DLA COMPLETES HISTORIC SHOT TOWER TRANSFORMATION IN CHESTER

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DLA Architecture has completed works on the redesign of the historic Shot Tower in Chester and handed over the completed scheme.

The site of the prominent landmark building has been transformed into a 72 unit residential-led development by Manchester based developer Whitecroft Group. The significant redevelopment incorporates the restoration of grade II* listed industrial heritage buildings together with new-build elements.

The 168 ft tall Shot Tower is located alongside the Shropshire Union canal and in the heart of Chester city centre. It is the only surviving leadworks of its kind, dating back to the 18th century and was one of the earliest lead shot manufacturing sites to utilise the method pioneered in the 1780’s by inventor William Watts for British muskets during the Napoleonic Wars. The lead works officially closed in 2001 when lead engineering specialists Calder relocated to Chester West Employment Park.

The site redevelopment has been subject to much scrutiny over its future and conservation. DLA was asked to design a scheme that would reinstate the Shot Tower as a celebrated Chester landmark and the site as an integral part of the wider regeneration of the city and the Boughton Canalside Conservation Area.

Jonathan Knowles, Director at the Manchester office of DLA Architecture, said,

“Our brief was to deliver a high-quality design that was commercially viable and market facing whilst fully recognising and utilising the existing Shot Tower. The site has been abandoned for some time and the tower contributed to heavy contamination and as such there were several technical issues to overcome alongside archaeological sensitivities.

“We have worked very closely with the team at Whitecroft Group and had positive consultations with local interest groups, the local authority planning department and Heritage England to arrive at a scheme that reflects the industrial heritage of the former lead-works using a palette of copper and grey standing seam metal cladding and Cheshire red brick.”

DLA has delivered a high specification scheme of one, two and three-bedroom apartments and duplex apartments alongside three, four-bedroom family orientated townhouses. The homes are situated across the new-build and listed elements with new public realm connecting the north and south side of the Shropshire Union Canal with the new business quarter and the rail station.

David Giovanni, Managing Director at Whitecroft Group, said,

“We were delighted to work with DLA Architecture in the redevelopment of Shot Tower. The team demonstrated considerable expertise in restoration and conservation, helping us to navigate the many challenges to arrive at an impressive design that retains much originality.

Despite the many challenges, including the main contractor going into administration halfway through the project as well as the Pandemic, we were able to complete a scheme that we are all very proud of.”

DLA Architecture is an award-winning practice which employs over 80 architects, landscape architects, technologists, and graphic designers. Established over 40 years ago the practice has offices in Manchester, Leeds and London. Its expertise covers a broad range of sector including workplace, homes, learning, sport, industry, retail, and re-use.

DLA has considerable expertise in designing new community spaces and housing. It recently completed the award-winning Hackney Gardens, a significant £21 million project comprising community space and housing in London. It is also appointed on Equipment Works in London, the Broadway in Wimbledon, Kelly’s Yard in Hepburn and St Cecilia Place, which is the redevelopment of the landmark Quarry Hill flats in Leeds city centre.

eStar becomes official electric commercial vehicle supplier for Bolton Wanderers FC

eStar, the Mercedes-Benz Truck and Van franchise partner in the North West and North Wales, has become the official electric commercial vehicle supplier for Bolton Wanderers FC as part of an exclusive three season partnership.

The deal, which includes prominent branding across three giant advertising hoardings, four perimeter advertising hoardings, and one minute LED advertising for all league home games, is a first of its kind for both eStar, and BWFC.

Steve Bridge, Managing Director of eStar, said: “We’re delighted to be working with Bolton Wanderers FC, particularly to support them with their electric commercial vehicle ambition. The club had a fantastic 2021/22 season, so I am especially pleased to be working with them at this exciting time. We know that there are many commercial vehicle owners and drivers that follow the club, so the partnership feels very aligned and relevant.”

Mike Pink, Chief Commercial Officer at Bolton Wanderers said: “We’re thrilled to be working with eStar for the upcoming season and thank them for their commitment to Bolton Wanderers.

“They provide a great service to electric commercial vehicle owners and businesses and we’re pleased to be partnering with them to raise awareness about what they can offer to our own supporters”

AECOM appoints new Project, Programme and Cost Management lead for the North

London (July 06, 2022) – AECOM, the world’s trusted infrastructure consulting firm, today announced it has appointed Jonathan Moore as Head of Project, Programme and Cost Management (PPC) in the North of England. Jonathan will be responsible for leading AECOM’s PPC business across the region, including its strategic city hub of Manchester. He will also help spearhead commercial growth more widely, with a special focus on Birmingham and the Midlands.

Jonathan joins AECOM from Arcadis. With more than 40 years’ experience, he has held several leadership positions at Arcadis and EC Harris, which was acquired by Arcadis in 2011. Most recently he was a Leader in Arcadis Gen, the company’s digital business providing software solutions to clients. Highly experienced in growing new markets for regional businesses, Jonathan has worked extensively across the property sector, with a focus on residential, mixed use, commercial, retail and leisure. He is a founding board member of the Northern Powerhouse Partnership, the leading voice of business and civic leaders across the North.

Jonathan will grow AECOM’s market presence in the North and Midlands, recruiting locally to build its team and support property clients in all sectors.

Jo Streeten, Head of Project, Programme and Cost Management – Buildings + Places, AECOM, said: “With major property opportunities across the North, Jonathan takes on a critical role to enhance and grow our offer in the region. He brings strong local experience and a passion for prosperity in the North to AECOM and our clients.”

Commenting on his appointment, Jonathan added: “The North is going through an ambitious transformation as it looks to level up its regional economy with the rest of the UK. AECOM is reaffirming its long-term commitment to the region, and I look forward to bringing the business’s scale and diversity of expertise to our real estate clients and their projects.”

Jonathan joined AECOM last month and is based in Manchester.

Newly launched Bergen Finance provides £29m of secured loans in first half year from a standing start

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Secured lending newcomer Bergen Finance has lent more than £29m in its first six months of trading, with a further £40m in legal diligence. Bergen, which is headquartered in London and has offices in Leeds and Manchester, provides real estate-backed loans to a diverse range of corporate borrowers and has already completed loans in all four regions of the UK.

The business is backed by leading European investor and alternative asset manager Arrow Global which has over €70bn of asset servicing AUM. Bergen Finance was established in December 2021 to fill a gap in the market for short-term real estate lends of between £500k and £50m. The company provides loans for UK businesses, secured on land and property, which may not fit the strict criteria of traditional high street lenders, but are seeking growth and acquisition opportunities or require finance for short-term cash flow.

Headed by industry veteran Andrew Ward as managing director and director Adrian Hogan, in the first six months of the year, the new lender successfully completed ten secured lending deals. During the period, Bergen Finance has supported SMEs nationwide including companies located in Wales, Scotland, N. Ireland as well as throughout England, working across diverse industries from the care sector, to distribution, specialist property services and engineering.

“Having worked in commercial lending for over 25 years, I was well aware of the need for flexible secured lending to viable businesses which needed larger sums, particularly above the £2m mark,” said Ward. “The early traction we have is evidence that there was space in the market for an agile partner able to deploy large amounts of capital while retaining the flexibility of an independent lender, in non-standard lending situations, with the benefit of being able to make swift decisions and provide funds very quickly.

“We are looking at all opportunities on their own merits throughout the UK and Ireland, across all sectors and situations. This approach is already proving popular – during our phenomenal first half year, we have already completed deals in England, Wales, Scotland and Northern Ireland and we are currently working on a loan in the Republic of Ireland. Looking forward, we already have an additional £40m of facilities, over eight transactions, approved and going through the due diligence and legal stages.”

Hogan adds: “We are in the fortunate position of having significant funds behind us and our target is for Bergen to invest more than £100m in its first year, with further amounts available from group resources. What differentiates us is not only the quantum of loan we can provide, but also the fact that we are responsive and able to operate without the rigid mandate restraints of an outside funder, enabling us to look at less mainstream businesses and provide a more bespoke service.”