Friday, September 30, 2016

News: Rotherham college merger proposed

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A recommendation that Dearne Valley College (DVC) should join forces with the RNN Group - which is made up of Rotherham and North Nottinghamshire Colleges - is set to be taken up early next year as the two Rotherham-based institutions outline merger proposals.

The colleges believe that the merged organisation would offer school leavers the widest range of college courses, apprenticeships and higher education provision within the region, and would educate and train more 16 to 18-year-olds than any other school or organisation in the area, whilst working with over a thousand companies offering specialised training and apprenticeships to support business growth and success.

Under the proposals, DVC's Manvers campus would continue under the name of Dearne Valley College but will become part of a family of organisations supported by the RNN Group, encompassing three further education colleges and five training providers, with a projected annual turnover in excess of £50m.

The move follows the merger between the Rotherham and North Nottinghamshire Colleges earlier this year. It saw transfer of the property, rights and liabilities to the Corporation of Rotherham College of Arts and Technology and the subsequent dissolution of the Further Education Corporation of North Nottinghamshire College.

Rotherham College took on a similar role in the merger with Rother Valley College in 2004 and the statutory notice for the latest merger again shows how DVC would be dissolved after it joins the RNN Group on February 1 2017.

The proposals, now out for consultation, were recommended in a Government review into post-16 education and training across the Sheffield city region (SCR).

The Government is undergoing a restructuring of the further education sector leading to "fewer, larger, more resilient and efficient providers" as it believes that substantial change is required to deliver its education objectives while maintaining tight fiscal discipline.

In addition to the expansion of the apprenticeship programme, reform is proposed to ensure there are high quality professional and technical routes to employment, alongside robust academic routes; and that there is a better responsiveness to local employer needs and economic priorities.

Specific challenges were identified, including a falling numbers of 16–18 year olds, potentially risking the range of courses the colleges can offer, projected public funding cuts for at least the next three years, potentially reducing capacity, and limitations on available funds for significant investment.

The colleges hope to overcome the challenges together as a larger group and better meet the needs of the Sheffield city region (SCR) which needs to raise skill levels and productivity levels.

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Martin Harrison, principal and chief executive at DVC (pictured, left), said: "After some in-depth discussions about the opportunities and challenges we may face in the future, we are delighted to put forward a proposal for Dearne Valley College and the RNN Group to merge, offering an even stronger provision of high-quality and effective training, courses and apprenticeships for school leavers, higher education students, adult learners and businesses. It will also enable us to invest further in our students with additional resources and facilities. Students who are already enrolled with us at Dearne Valley College would not be affected by the merger, and all existing courses would continue to be taught at our Manvers campus."

John Connolly, chief executive at the RNN Group (pictured, right), added: "By pooling our resources, the knowledge of our industry-experienced staff and employer links, we can offer a breadth of provision to ensure students are reaching their career aspirations and contributing to the economy and local community. The proposed merger between two Ofsted "Good" organisations will place us in a strong position for the future."

The enlarged RNN Group would have campuses in Rotherham town centre, Wath-upon-Dearne, Dinnington, Worksop and Retford. Plans are also progressing for a higher education campus in Rotherham town centre.

The prospectus states that the merger will benefit local employers as a larger provider will be able to be more responsive to specific training needs, offer a wider range of training and apprenticeship frameworks, provide more co-investment opportunities to meet skills needs, link employers with a large bank of work-ready students, and be a single point of contact, to make managing training easier.

It adds: "It is not anticipated that the merger will directly necessitate compulsory redundancies of teaching staff, as there are no proposals to reduce the curriculum offer or to close any of the campuses. Over time, some rationalisation of other functions may be possible, mostly through natural turnover."

The corresponding chairs of the colleges, outlined in the prospectus: "The decision of the two Corporations to submit this proposal reflects a positive and deliberate strategy to deliver a stronger local skills offer in a climate where the stability of individual colleges may be challenged in the future.

"The Boards and senior teams have recognised the strength and opportunities created by a single, larger college with one vision, one area-wide curriculum and a singleminded focus on quality, standards and excellence."

DVC website
RNN Group website

Images: RNN Group


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News: Work underway on new Rotherham bar

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A pub in Rotherham town centre, vacant for a number of years, is being brought back to life with a focus on restoring its historic past.

The 1915 Bar & Bistro is set to open on Domine Lane where the former public house was sold after an auction with Allsops earlier this year. The vacant 8,000 sq ft property was previously The Exchange and formerly Yates Wine Lodge. It was given a guide price of £80,000+.

The property forms part of the Westgate Chambers site, the majority of which has been under offer for over a year after Rotherham Council agreed to dispose of its asset. It is hoped that it will be redeveloped into a residential development with an active commercial ground floor.

Setting out to become Rotherham's finest eaterie and wine bar, fit out work is well underway with an English stitch wall being restored to its natural state and glasswork and detailing uncovered in the eves.

A message on social media reads: "Welcome to 1915. We have been given this exciting new project which is to build our brand in and around Rotherham. We aim to restore buildings which have a focal point to Rotherham's great past..."

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Adjacent to the site is the former post office in a prominent corner building on Main Street and Market Street. It was completed and opened in March 1907 and was designed by Mr W. Pott, ARIBA, of His Majesty's Office of Works. Now used as offices, the building includes stone carving on the pediments over the two principal entrances depicting the Royal Arms with appropriate scroll work. The arms of the Borough of Rotherham also feature in the stonework.

The latest Supplementary Planning Document again outlines that the central block of Westgate Chambers should be brought forward for residential occupation. It states: "This provides an excellent opportunity to complement the residential units delivered at Keppel Wharf, only a short distance away from Rotherham Central via Forge Island."

The new bar will look out on Forge Island were a leisure hub is proposed. With the Council hoping to acquire the site and demolish the empty Tesco store, a cinema development is expected to attract secondary restaurant, shop and bar developments in the surrounding area.

Nearby, the prominent nightclub building on Moorgate Street has re-opened as The Amber Lounge - a cocktail, champagne and craft beer lounge. In addition, plans have been approved for a restaurant in a former bar at the foot of Ship Hill and for a restaurant and bar to operate over 5,000 sq ft of floorspace in the former Santandar bank on College Street.

Across the town centre, at The Crofts, the vacant former Cross Keys pub recently sold at auction. Given a guide price of £125,000, it sold for £141,000.

1915 bar website

Images: Tom Austen


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News: Law firm rises to charity challenge

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Local law firm Malcolm C Foy & Co has been working hard to support a cause close to its hearts – our local hospices.

In June, the solicitors which has offices in Doncaster and Rotherham, ran a "Make a Will Month" event, where clients were asked to donate to Rotherham Hospice rather than pay the normal will writing charge, and raised £1,500 for the hospice.

The only adult hospice in Rotherham for the people of Rotherham, Rotherham Hospice is an independent charity and must raise significant sums of money each year in order to pay for the quality care provided free of charge to patients, their families and carers.

Clare Outram, Wills & Probate executive at Malcolm C Foy & Co, said: "We were delighted to support Rotherham Hospice with our Make a Will Month this year. We know from direct experience and from feedback from our clients that Rotherham Hospice do absolutely fantastic work for families' at the most difficult times of their lives. Rotherham Hospice need to raise around £2.2m per year through fundraising to continue providing their services, so we were only too happy to do what we could to offer our support."

Malcolm C Foy & Co have also been participating in the Master Cutler's Challenge, which ran from February to September and aimed to raise as much money as possible to support to vital work of Rotherham Hospice and St Luke’s Hospice Sheffield. Malcolm C Foy raised a total of £3,843 through various events, including a 5k charity run, quiz night, Will donation week, dress down days, book sales and more.

Rotherham Hospice enlisted Malcolm C Foy & Co as one of the companies who would support their fundraising as part of the Master Cutler's challenge, and the company set to work. The Master Cutler's Challenge was launched in 2008, when the Master Cutler for that year, Gordon Bridge from AESSEAL in Rotherham, invited companies to transform a £50 investment into as much charity fundraising as possible. Every year has seen the event grow – more than 500 companies have taken part to date, raising in excess of £1m for a range of charities.

Sarah Hartley, solicitor and director at Malcolm C Foy & Co, said: "When Rotherham Hospice asked us to support them through the Master Cutler's Challenge we had no reservations, but I didn't appreciate how much taking part would benefit us as a company and team. Coming together as colleagues in support of Rotherham and St Luke's Hospices has been really valuable to us as a company, and clients have been more than happy to donate and have been really supportive and proud of what we have been doing, which is great for business long term. We have had so much fun taking part in all the fundraising events, and will definitely do it again."

Malcolm C Foy & Co website

Images: Malcolm C Foy & Co


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Thursday, September 29, 2016

News: That's Entertainment opening in Rotherham

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That's Entertainment, the High Street store that sells used CDs, DVDs, games and electronics, is opening a new outlet in Rotherham town centre.

With 27 stores, That's Entertainment is part of the business called Music Magpie - the most popular recommerce website in Europe, providing consumers with cash for their unwanted CDs, DVDs, games and electronics.

Established in 2007 by co‐founders Steve Oliver and Walter Gleeson, Music Magpie has developed websites and mobile apps that enable customers to easily sell unwanted items.

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That's Entertainment, which has a store in Doncaster but closed its Sheffield store at Crystal Peaks, has taken on 38-40 College Street in Rotherham town centre and will open this Friday following the recruitment of staff.

The property, which has a ground floor sales area of 2,000 sq ft, has been advertised by retail property consultants, Barker Proudlove. The whole of the historic building on the corner of the High Street is currently up for sale.

Previous occupiers include clothing retailers, Internacionale and Dorothy Perkins / Burtons.

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The Music Magpie business now has sales of around £75m per annum across the UK and US, establishing its US brand decluttr.com in 2014. The UK business employs around 800 people, primarily at its two distribution centres in Stockport and Macclesfield, where the business was founded.

NVM Private Equity invested in the company at the end of 2015 after LDC exited the business following its investment in musicMagpie.co.uk in 2011 to support the business' international expansion.

Other recent openings in Rotherham town centre includes K.D Davis & Sons - The Greengrocers, The £1 £12 Bookshop and PhoneMatic.

Consultants, NLP identified 66 vacant retail/service units within Rotherham town centre in July 2016, which equates to 20.6% of all units.

Music Magpie website

Images: Music Magpie


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News: Crawshaw's sales growth restoration plan

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Rotherham-based fresh meat and food to go retailer, Crawshaw Group PLC has confirmed a reduction in like for like sales but expansion will continue.

The AIM-listed Hellaby firm is undergoing growth plans that will see it invest £200m, opening 200 stores and creating 2,500 jobs. As new stores opened, standardised offers and price points were also introduced into existing stores but the management has now admitted that they "didn't resonate as well with customers as we thought."

In the six months ended July 31 2016, total revenue for the group increased by 29% to £21.6m from the £16.7m reported in 2015. Like-for-like sales however, dropped by 4.4%. Gross profit increased by 31% to £9.8m and EBITDA (earnings before taxes) was £0.3m (2015: £0.5m) with increased operating costs offsetting sales and margin growth.

Crawshaws described the year ending January 31 2016 as a "transformative year" with a new management team and the appropriate infrastructure in place to deliver the rapid growth plan. The following six month saw phase one of the rollout programme complete with the delivery of nine new trading stores across the period. The total number of stores is now 49.

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The group reported record sales for the previous year but the update to the stock exchange explained that sales had dropped since. Standardised offers and prices were introduced and initial results were encouraging, with strong like-for-like sales and margin through the middle of last financial year. With customer loyalty initially translating into additional sales through bigger, better value packs at higher price points in the first instance, this gave way to waning loyalty and lower sales through the first half of this year.

Sales in the the first seven weeks of the second half of the year have continued to be lower, with like-for-like sales tracking at -15.8%.

Noel Collett, CEO at Crawshaw Group, said: "We have now identified the cause of this sales underperformance by spending a great deal of time in stores with our customers and colleagues. The feedback from these visits was relatively straightforward. Our customers want to see some of the old fresh meat pack sizes, price points and offers that were previously on sale in their specific store.

"As a result, we have made immediate changes to give store managers flexibility to re-introduce local ranging products which has been positively received. We have also significantly increased the number and depth of price-led promotions on fresh meat with managers being given the flexibility to choose the promotions that resonate most with their customers."

Expansion will still continue but the board has taken the decision to open up to 12 stores this year as opposed to the 15 originally planned. The group has found success with its new factory shop location and is planning the trial of up to two further factory shops this year.

Collett concluded: "We are acting quickly to restore sales momentum and feel that this can be achieved in readiness for the important winter and festive season.

"Management focus over the next months will be on supporting stores to deliver for our customers and restore sales momentum in like-for-like and newly opened stores.

"We believe our actions can restore sales momentum, and we will invest in margin to sharpen our value proposition to win back customers and drive sales. We are disappointed with current trading and clearly the outlook for the full year will depend on the result of our actions, upon trading during the important winter and festive season, and upon the timing of our store openings. At this stage, however, we expect our full year profit to be materially lower than our previous expectations."

Crawshaw website

Images: Crawshaws


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News: Solid start for Inspiration Healthcare

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The healthcare group created when Rotherham company, Inditherm completed the acquisition of Inspiration Healthcare Limited in a reverse takeover, has reported an increase in sales and a solid start to the year.

Manvers-based Inditherm has developed products using low voltage carbon polymer technology to provide heat. Its systems are used for patients undergoing operations which carry risk of inadvertent hypothermia and in neonatal wards.

Inspiration was founded in Leicestershire in 2003 as a medical device distribution company focused on innovative products for critical care.

Reporting its financial results for the six months to July 31 2016, the AIM-listed firm had a growth in sales on a proforma basis by 10% to £7.1m compared to the same period in the previous year. International sales were up 19% with growth in the Americas and Europe.

The profit after tax was £361k, up from the £504k loss reported as the takeover was concluded in 2015.

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The £7.2m reverse takeover came after Inditherm directors identified the need to make the business part of a larger entity, thereby allowing the medical business to grow with fewer constraints.

The latest results showed that operating room sales for the Inditherm Alpha range of perioperative patient warming systems showed an expected decline during a "difficult first half year."

The management team has identified and prioritised plans to improve the product in the short term as well as streamline the product offering and its promotion via a new sales team in the UK.

Spend on R&D is set to increase in the second half of the year with the board stating that there is untapped potential with the Inditherm Alpha system and the LifeStart system which facilitates the delaying of the clamping and cutting of the umbilical cord following childbirth by providing resuscitation at a newborn baby's bedside.

The company continues to support academics wishing to study the benefits that its products may bring. LifeStart is being used on studies both in Ireland and the United States of America and "interest in the LifeStart at the Paediatric Academic Society meeting (Baltimore) shows the concept of the product has great potential."

Inspiration Healthcare website

Images: Inspiration Healthcare


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Wednesday, September 28, 2016

News: Taco Bell unwraps first Rotherham location

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The first Taco Bell Mexican restaurant in Rotherham is set to open this weekend.

Rothbiz revealed last month that the world's leading Mexican-style quick service restaurant chain was planning to open two new outlets in the borough - at Manvers and Eastwood.

The subsidiary of Yum! Brands, which also includes KFC and Pizza Hut, was founded in 1962 by Glen Bell, a former US Marine, who invented the preformed taco shell in 1951.

Serving more than 36.8 million consumers each week in approximately 6,500 restaurants worldwide, Brits got their first taste of tacos, burritos and quesadillas with the launch in the UK in the late 1980's. The Manvers location will be just the 12th UK site.

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The Rotherham restaurant is the seventh Taco Bell location that franchise group Northgate Fast Food will have opened in the space of two years, hiring local talent from the area and creating over 30 new jobs.

Arjun Patel of Northgate Fast Food, said: "We love being able to bring Taco Bell to the hungry North. Being locally from Yorkshire myself I always craved something a little different when eating out, and the response from the Taco Bell fans after each opening has reflected my sentiment, I can’t wait to see the response from Rotherham next!"

The single story, 46 seater Rotherham restaurant features an urban look with influences from Mexico and the brand's California based headquarters. It is located next to KFC off Manvers Way where the QFM Group secured planning permission for a two unit development back in 2011, shortly after it opened the large KFC restaurant, which now includes a Costa outlet.

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Opening on October 1, the firm is celebrating the occasion and keeping up the Taco Bell UK tradition by giving away "Manvers' First 100" T-Shirts to the first 100 customers on opening day.

Nick Dawson, general manager at Taco Bell Europe, said: "We are lucky to have such a great local partner who is driven to continue to bring Taco Bell to the people of Yorkshire. There is great passion for the brand up here and we're excited to show the people of Rotherham what it means to Live Más!."

At the site of a vacant car showroom at Eastwood, RJD Associates were appointed as principal designer for the next phase of a retail food led development. Plans have changed so that a KFC drive-thru restaurant will be joined by Costa Coffee and Taco Bell. Oakstone Construction is currently on site and recruitment via the QFM Group is underway.

Taco Bell website

Images: Taco Bell


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News: Land deal on the cards for Rotherham golf academy

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Rotherham Council is preparing to sell off its land to a golf academy that attracts a number of the sport's top players to the borough.

Peter Cowen is recognised as one of the world's elite teaching professionals and is based at an academy at Kimberworth. He has coached the likes of Darren Clarke, Lee Westwood, Paul McGinley, David Howell, Henrik Stenson and Danny Willett.

The Rotherham Golf Academy (RGA) leases land at Grange Park from the Council in order to operate a golf driving range business. Cowen says that he has invested some £17m in the facility over the years and it now includes a driving range and bays, pitching facility, mini golf putting course and a clubhouse and pro shop. Four professionals are employed, teaching members of the public and working to get juniors playing golf.

A report to Rotherham Council shows that the RGA has asked to purchase the site on a number of occasions between 2007 and 2015 but each of these has been refused. Paying a rent of £15,000 pa, there was a request in 2012 to change the terms of the lease as RGA felt they were limiting business growth.

A deal is now close to being concluded that would see the land sold to the academy after RGA set out the reputational benefits of retaining the business in Rotherham and elements of the potential economic, community and environmental benefits.

Approval for the deal is being sought from Commissioner Julie Kenny with the prospect of the business failing and the Borough losing a well-respected golfing operation if the lease remains as it is.

The asset has been valued at £125,000 by the Council based on the rental income being capitalised. An independent valuation prepared by the District Valuer had the value at between £250,000 and £300,000 based on comparable evidence of land transactions of golfing facilities throughout the region, and applied a rate per acre.

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The council report reads: "As a result of ongoing discussions between the Council and RGA a sale of the freehold interest has been considered with a minimum value assessed by the Council as being £167,000. A revised counter offer was made by RGA to purchase the freehold interest for £150,000, subject to full settlement of outstanding rent and business rate arrears, and with robust claw-back provisions to protect the Council's long term interests. The clawback will be negotiated and initially aim to seek 25 year term on 80% of the uplift in value in the Council's favour."

The property has been the target of vandals and suffered break-ins on numerous occasions. A new threat is the prospect of a nearby tip re-opening. Grange Landfill Ltd has been granted a permit by the Environment Agency to take in up to 200,000 tonnes of waste per year.

Rotherham Golf Academy website

Images: Rotherham Golf Academy


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News: £5.5m Northern Impact Fund launches for social enterprises

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Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Established in South Yorkshire in 1999, Key Fund has pioneered an approach to revitalise communities decimated by the collapse of the coal and steel industries. By first administering small social capital grants, under £10,000, to support community economic development and then moving into social investment products, with a focus on increasing financial and impact sustainability.

All Key Fund clients have been turned down by mainstream investors because they don't fit their lending criteria. Key Fund has directly invested over £35m since 1999, with an enviable track record in business success and an average loss rate of only 4.4% – despite its investments being higher risk on paper.

The Northern Impact Fund is now open to applications from social enterprises operating in the Midlands, North East, North West and Yorkshire and the Humber.

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Matt Smith, CEO of the Key Fund, said: "With this fund we're offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.

"We have always believed small organisations can deliver big impact in disadvantaged communities. In this current economic climate, we are seeing good businesses struggling and access to finance and support has never been so crucial, so we’re delighted to be delivering the Northern Impact Fund."

The grant is aimed to help cover the initial costs related to social impact, such as investing in training for young people and staff, as the enterprise gets up and running.

The Northern Impact Fund has received support from the Growth Fund, which is an initiative of Access – the Foundation for Social Investment. The Growth Fund has been designed to increase the availability of small, affordable, unsecured loans for charities and social enterprises. The Growth Fund totals £45m and provides a blend of loan from Big Society Capital and grant from the Big Lottery Fund, to social investors across England. This allows those social investors to offer smaller loans and take much greater risk than some other lenders are able to.

Seb Elsworth, chief executive of Access, said: "The blend of loan and grant, which we make available to social investors, like the Key Fund, means that they can provide smaller loans on affordable terms with appropriate support. We are also encouraging the development of partnerships which can help to open access to social investment for more charities and social enterprises to help them to sustain and grow their impact."

Key Fund website

Images: Key Fund


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Tuesday, September 27, 2016

News: AMRC to boost research for China's space programme

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The University of Sheffield Advanced Manufacturing Research Centre (AMRC) with Boeing and the Shanghai Academy of Spaceflight Technology (SAST) have signed an agreement to launch a new joint research institute.

Based on the Advanced Manufacturing Park (AMP) and a partner in the HVM Catapult (the Government's strategic initiative that aims to revitalise the manufacturing industry), the AMRC focuses on advanced machining and materials research for aerospace and other high-value manufacturing sectors. It is a partnership between industry and academia, which has become a model for research centres worldwide.

SAST has conducted extensive research, design and manufacturing for many parts of China's launch rockets and also specialises in space satellites and tactical missiles.

Having singed a Memorandum of Understanding (MOU) creating its first partnership in China, the AMRC will work with SAST to develop strong thin-walled structures for commercial rockets.

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SAST, which has an annual budget of $60 billion, is a subsidiary of the China Aerospace and Technology Corporation (CASC), a state-owned enterprise and the main contractor for the Chinese space program. CASC provides commercial launch services to the Tiangong 3 Space Station, scheduled for launch in 2020.

CASC also provides commercial launch services to the international market and with 20,000 employees in Shanghai, is one of the world's most advanced organisations in the development and deployment of high energy propellant technology, strap-on boosters, and launching multiple satellites atop a single rocket.

SAST is working with the AMRC on the technical issues associated with creating strong thin-walled structures for commercial rockets. They will fund mobility for academic and commercial staff to receive training in advanced manufacturing techniques and send China Scholarship Council (CSC) students to study for their PhDs in the Sheffield city region.


Professor Sir Keith Burnett, vice-chancellor of the University of Sheffield, was in Shanghai on a ministerial visit. He said: "I am delighted that two world-leading organisations such as SAST and the University of Sheffield's AMRC are collaborating so effectively to find technical solutions to complex aerospace issues.

"This is a priority area for China as announced by President Xi Jinping, and also one of longstanding expertise at the University of Sheffield. We see tremendous potential for companies and products in both countries."

John Baragwanath, executive director of the AMRC, added: "The AMRC is delighted to partner SAST on this new collaborative research programme, which will combine expertise in the two centres and lead to improved products and new innovations."

Last year, the AMRC unveiled a new corporate structure with ambitions for further growth at home and abroad, targeting a more than doubling of its turnover to in excess of £80m over the next five years.

AMRC website

Images: SAST / University of Sheffield


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News: Wine bar paired with Rotherham steakhouse

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Glasses were raised as a new wine bar was officially opened alongside the recently re-opened Double Barrel Steakhouse in Rotherham.

Croft Wine Bar at Thurcroft was officially opened by the Mayor of Rotherham, Cllr Lyndsay Pitchley and guests which included former premiership chairman Sir Dave Richards and champion racing driver Christian England, whose team has since gone on to win the European Le Mans LMP3 race series.

Guests were treated to an exclusive wine tasting hosted by Kieron Atkinson, an ex-army captain who has been responsible for leading the resurgence in English wine production.

The new wine bar is the first in South Yorkshire to specialise in English produced wines and brought together a range of ten varieties which have been carefully developed by Kieron using hand-picked grapes produced in his vineyards at Renishaw Hall, Kedleston Hall, Derbyshire and Welcombe Hills, Warwickshire.

During the opening evening, visitors to Croft Wine Bar were given a chance to see United Autosports Ligier LMP3 Le Mans racing car driven to victory on some of Europe's top circuits.

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Since May, Rotherham-based Jason Mace, the founder of Gala Tent, has invested more than £100,000 into the Double Barrel which has included an extensive refurbishment of its steakhouse restaurant and the introduction of a new coffee shop in a previously unused area of the building. Twenty jobs have been created in Thurcroft as a result of the investment.

Jason Mace, Owner of the Croft Wine Bar, said: "When people think of fine wines they instantly cast their minds to those produced on the continent, but few people are aware of the many different choices and varieties available from English producers. In recent years there has been a lot of interest in English wines which are admired by wine connoisseurs across the world for their delicate and subtle flavours. We wanted to give wine lovers in Rotherham a chance to experience the unique tastes on their doorstep.

"I first met Kieron a few months ago and I was immediately impressed by his passion and knowledge of English wine production. After sampling his selection, I had no hesitation in supporting his work and bringing his selection of award-winning wines to Rotherham for the first time.

"There are a wide selection of wines and champagnes available at Croft Wine Bar, from still and sparkling to reds and rosés. For those who prefer brews to bottles we also offer a selection of craft bottled beers and an extensive cocktail menu, so there is definitely something for everyone."

Croft Wine Bar website

Images: Croft Wine Bar


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News: Volunteers rewarded as new stadium facilities set to open

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The award-winning Rotherham United Community Sports Trust (RUCST) is close to completing its new state of the art facility at the AESSEAL New York Stadium.

The Trust is relocating from Mangham House on the Barbot Hall Industrial Estate which has been its home ever since the club's departure from Millmoor in 2008.

Opened on site of the former Guest & Chrimes foundry on the edge of Rotherham town centre in 2012, the £20m stadium was built with a number of units and space for commercial and community uses and to host a variety of events.

The new facility will extend over three floors. Three classrooms for educational provision will have the latest educational equipment enabling the students to study to their full potential.

A health / activity floor will have two reaction walls, gym equipment such as kettle bells, vipr bars and medicine balls. Along with this, it will have multi-functional gym exercise equipment, sprung floor and a mirrored wall for dance sessions.

Office space will include 17 desks to accommodate both RCUST staff and community coaches in a hot desk style along with meeting areas and kitchen facilities.

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For the recent home game with Nottingham Forest, head of community, Jamie Noble, surprised a number of volunteers from ACL Limited with a special upgrade into the plush surroundings of the hospitality lounges. 

ACL is based on Tenter Street and specialises in suspended ceilings and partitioning for a range of construction projects. It has played a major role in helping to install the ceilings at the new community offices, and Jamie was delighted to show his appreciation for all their hard work. 

Noble said: "Many of the volunteers were Rotherham supporters, and regularly attend games, so we thought we would give them a nice surprise for all their hard work.

"This project could not have been completed without the help of many people – including many volunteers who gave up their time for free. 

"We were delighted to offer this package as gesture of our appreciation to ACL and we hope they had a great night watching the Millers."

An open day at the new "Goal Zone" facility at the stadium is being held on October 5. Gym classes at the new community facility are also set to start next week with dance and yoga classes also planned.

RUCST website
ACL website

Images: RUCST


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Monday, September 26, 2016

News: Shanks experiences challenges at Rotherham waste plant

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Shanks Group plc, one of Europe's leading waste management businesses, has been forced to admit that profitability at the award-winning waste treatment plant in Rotherham has not been reached as quickly as expected.

The 220,000 sq ft development at Brookfield's Park in Manvers creates material suitable for recovery and recycling and includes Mechanical Biological Treatment (MBT) and Anaerobic Digestion (AD) facilities.

Barnsley, Doncaster and Rotherham Councils secured £77m through the Private Finance Initiative (PFI) for the scheme and Shanks Group plc joined in partnership with SSE (Scottish and Southern Energy plc) to progress the plans. Known as 3SE, the operators signed a 25 year contract worth in excess of £750m with the councils for the treatment of black bag waste.

The facility processes around 250,000 tonnes of waste a year from 340,000 homes across Barnsley, Doncaster and Rotherham. Since it opened in July 2015, more than 96% of waste has been successfully diverted from landfill.

In a trading update to the stock exchange, Shanks plc, which has a 75% interest in the project, said: "We are continuing to experience challenges in ramping up the new Barnsley, Doncaster and Rotherham (BDR) and Wakefield facilities to targeted profitability as quickly as we had expected, the latter largely a result of the contractor insolvency last year."

The facilities are expected to contribute to profit and cash performance over the next 25 years but Shanks said its Municipal Division had continued to experience market and operational challenges in the UK, with a resultant impact on profitability.

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Reports to the BDR waste partnership board show that, during the first year of full service, there has been some processing issues in the refinement section of the plant. "As a result some waste was diverted from the facility to allow for improvements to be made to the refinement section of the MBT to improve the quantity and quality of the recyclates collected." Shanks has an improvement program in place to ensure the refinement section of the MBT is achieving its optimum performance. The areas for improvement have been agreed and the work is expected to be completed by the end of 2016.

Problems have also been encountered in the part of the facility that deals with solid recovered fuel (SRF) which has had some downtime due to boiler and crane issues. SRF is taken from Manvers to the new multi-fuel generator at Ferrybridge, operated by SSE.

Also, in August 2016, a fire in the quarantine bay of the reception area was dealt with by staff on site in addition to the fire service assistance. Minimal damage was caused to site.

In addition, the market for recycling plastics from an MBT is poor at the moment. The price of oil is low, this means the virgin plastic material is cheap and consequently lowers the value of the recyclable material. This has led to the contractor paying to get plastics reprocessed.

The report also shows that the total Unitary Charge paid to 3SE from the July 2015 to the end of March 2016 was £15.9m In the same period, the BDR waste partnership received Waste Infrastructure Credits from the Government for the value of £4.5m.

Despite the teething problems, the BDR and 3SE partnership won the Best Energy from Waste Initiative category at the MRW National Recycling Awards in July.

Shanks plc website
BDR Waste website

Images: Shanks


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News: Motorists not convinced by smart motorways

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Eight out of ten drivers in a recent survey think that all lane running schemes have made motorways more dangerous than four years ago. Over £300m is currently being spent creating a so-called "smart motorway" on the M1 through Rotherham.

Highways England has been working on the £106m scheme on a ten mile stretch of the M1 between junctions 32 (south of Sheffield and Rotherham) and 35a (north of Sheffield and Rotherham). A 20 mile stretch of the M1 between junction 28 (South Normanton) and 31 (Aston) is also benefiting from a "smart motorway" project costing £205m where four lane running began in April.

The projects include converting the hard shoulder to an extra traffic lane in both directions and variable mandatory speed limits and they deliver benefits at a significantly lower cost than conventional motorway widening, and with less impact on the environment during construction.

Previous schemes have only used the hard shoulder at peak times or to deal with congestion. An AA-Populus poll of 20,845 drivers backed up concerns over the lack of lay-bys when the hard-shoulder is used as a running lane.

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It follows from a report by the Transport Committee, a group of MPs charged with scrutinising the Department for Transport, that concluded that "all lane running does not appear to us to be the safe, incremental change the Department wants us to think it is."

It added that the most recent incarnations of All Lane Running, such as the South Yorkshire projects, have less provision for safety measures than original pilot schemes. The Highways England guidance is for the Emergency Refuge Areas (ERA) to be no more than 2.6km apart (approx. 1.5 miles) whereas the AA would like to see at least twice as many lay-bys and they should be twice the length.

Edmund King OBE, president of the AA, said: "Four fifths of our members think that motorways without hard shoulders are more dangerous.

"Whilst we support measures to improve motorway capacity, we do not think that safety should be compromised. We do not accept that the current criteria of an Emergency Refuge Area or exit at least every 2.6km is safe.

"Breaking down in a live running lane with trucks thundering up behind you is every driver’s worst nightmare. The official advice is to dial 999 which just shows how dangerous the situation can be.

"If drivers can see the next lay-by, they are much more likely to make it to the relative safety of that area even if their car has a puncture or is overheating. If they can't see the lay-by, they often panic and stop in a live running lane. If more lay-bys are designed at the planning stage it will be less expensive and safer."

Highways England has set out proposals for a project for four lane running on a stretch of the motorway between Rotherham and Wakefield which would ultimately help create a smart motorway all the way to Leeds. In the last budget, the Government confirmed that funding would be made available to accelerate an M1 smart motorway scheme from junction J35a to 39.

The AA website

Images: Highways England


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News: Picsima to showcase revolutionary polymer printer

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Fripp Design and Research, one of the UK's leading product design, research and business consultancies, is returning to a leading trade show to showcase its method of 3D printing silicone that has the potential to revolutionise the medical market and create commercial benefits across all sectors.

With bases in London and on the Advanced Manufacturing Park (AMP) in Rotherham, Fripp are experts in all areas of product design and industrial design with customers ranging from blue chip companies, to UK leading universities, to individual inventors and entrepreneurs. It also develops its own own intellectual property in areas ranging from DIY to healthcare.

Picsima is a 3D printer developed on the AMP that prints in full colour silicone, a world's first, that will revolutionise the rapid manufacture of soft tissue prosthetics, including "new" ears, noses and eyes.

Instead of mixing components together, placing them in a mould, and waiting some time for rubber to set, experts at Fripp have figured out how to use the catalyst component to create three dimensional geometry without the need for a mould.

Earlier this year, the company announced that it had secured the UK patent specific to a method for creating three dimensional geometry from a class of polymers using the "addition curing" method of vulcanisation.

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With the support of a small UK Government grant, the company has developed a demonstrator to allow them to get a better understanding of what the market opportunities are for 3D Printing Platinum Curing Silicones.

The advancements are being showcased by Fripp at the UK's leading show on 3D printing and additive manufacturing - TCT + Personalize - which is dedicated to accelerating the adoption of 3D technologies and attracts 8,000 people. It will provide customers, potential investors and other interested stakeholders with the opportunity to see how they 3D Print silicone and gauge the quality of the parts they are already capable of producing; all on a shoestring budget.

Steve Roberts, director and co owner of Fripp Design, said: "The world of 3D Printing is changing with greater emphasis on materials rather than process. The explosion in interest in metal 3D Printing is been driven by factors such as the materials used because they are already well established and used in other manufacturing methods.

"Polymer based 3D Printing is very different, most polymers are specially formulated for the process selected; meaning that material properties are compromised and restricted into where they can be used.

"Fripp Design and Research have come to the world of polymer based 3D Printing from the complete opposite position. We have taken an existing industrial/medical material - silicone (specifically platinum curing silicones) - and worked out how to create three dimensional geometry without casting, a very similar approach to how metals are being 3D Printed."

Picsima website

Images: Picsima


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Friday, September 23, 2016

News: Council's Forge Island bid set for sign off

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Rotherham Council is getting closer to concluding negotiations with Tesco over the acquisition of Forge Island - the key site in the continued regeneration of Rotherham town centre.

Rothbiz reported first that the authority was preparing a bid to buy the 4.23 acre site that was previously the Rotherham Forge & Rolling Mills.

Currently home to an empty supermarket and a car park following the relocation of Tesco across town in 2014, it was identified as a suitable site for development of a town centre leisure hub as detailed in a council-commissioned planning document which placed bringing a cinema and leisure development to Forge Island as the first "key move" in the town's renaissance.

Commissioner Julie Kenny is being asked to approve the strategic acquisition and empower council bosses to negotiate terms with the vendors. Commercial property agents, Savills listed the Forge Island site in July with Tesco inviting offers from interested parties to purchase the site.

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Approval is also being sought for the funding for the acquisition and demolition to be drawn from the town centre allocation in the Council's capital programme and for a bid to be submitted to Sheffield City Region to seek Growth Fund money to assist with the acquisition and demolition.

The Council is set use its financial firepower to invest around £17m in key projects that have been agreed in principle as those that should be supported. These include a cinema, which in turn is expected to attract secondary restaurant, shop and bar developments. The pot includes provisional sums for the purchase of Forge Island and a "reverse premium" to incentivise a developer or end user to deliver a leisure scheme.

Financial details of the deal have not been disclosed but it is known that the Council had an option to buy the site for £1.5m when Tesco vacated and moved across town to the a £40m store on the site of former council buildings on Drummond Street. Demolition costs are an estimated £251,000 and consultants at Jacobs identified in a 2013 study that around £6m would need to be spent to deal with flooding and ground issues on the site.

The authority will be hoping for a better response from the city region as a bid was knocked back last year for £6m of pubic sector funding via the Local Enterprise Partnership's investment fund for strategic infrastructure investment (SCRIF) when discussions were taking place over a potential 200,000 sq ft office development on Forge Island.

A report to the Council's decision makers states: "It is clear that Forge Island will be a major component of Rotherham town centre's regeneration and a catalyst for the regeneration of adjacent sites. The Supplementary Planning Document (SPD) confirmed the suitability of the site for a leisure hub. Building from the SPD, Forge Island will feature as a major strand of the town centre masterplan."

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The Council has discounted letting the market decide what happens to the site due to uncertainties in terms of timescales and the prospect of development not coming forward in accordance with regeneration aspirations. It has also discounted using compulsory purchase orders (CPO) to acquire the site, again due to the timescales that would be involved.

The report concludes that the Council purchasing the site by agreement is the recommended option as it "provides certainty, subject to reaching agreement with Tesco, in terms of being able to control the future use of the site. Tesco is actively marketing the site and prepared to negotiate on a mutually acceptable price."

Private sector members of Rotherham Partnership's Business Growth Board have taken the view that the acquisition of the site by the Council "will send a clear message to the market that the site will be available at an early stage to deliver the town centre masterplan proposals. This will build confidence in Rotherham town centre as a place to invest and assist in bringing forward other regeneration opportunities. The Business Growth Board would encourage the Council to take all reasonable steps to negotiate the purchase of the site as soon as practicably possible."

With commissioner approval, council officers hope to exchange contracts next month, allowing for the sale to take place and demolition work to begin by the end of 2016.

A detailed development proposal and a delivery and implementation plan for the site will be prepared in tandem with the town centre masterplan which is due to be completed in Spring 2017.

Images: Savills


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News: ITM ups the pressure at Rotherham hydrogen fuel station

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A pioneering hydrogen refuelling station on the Advanced Manufacturing Park (AMP) in Rotherham, the first of its kind in the UK, has been upgraded.

ITM Power, the Sheffield-based energy storage and clean fuel company, has completed a 700 bar upgrade to the system that is used as a showcase for its world-class hydrogen generation equipment and to provide retail hydrogen fuel services.

Originally funded by Innovate UK, the hydrogen refuelling station is located at the Hydrogen Mini Grid at the AMP. It consists of a 225kW wind turbine coupled directly to an electrolyser, 220kg of hydrogen storage, a hydrogen dispensing unit and a 30kW fuel cell system capable of providing backup power generation for nearby buildings.

It is one of only a handful of places in the UK where pioneering hydrogen fuel cell vehicles can be refuelled and is unique in that the energy stored in the grid is created by wind power, which means that the vehicles it powers will not contribute to carbon dioxide emissions.

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Further funding from the UK Government, Office of Low Emission Vehicles (OLEV), has seen ITM upgrade the original 350 bar dispenser to a new BOC/Linde system capable of dispensing hydrogen at both 700 and 350 bar. The higher pressure of 700 bar satisfies the requirements of a broader range of vehicles and enables fuel cell electric vehicles such at the Toyota Mirai and Hyundai ix35 to achieve their full driving range of over 300 miles.

Dr Graham Cooley, CEO at ITM Power, said: "The M1 hydrogen refuelling station is a flagship green hydrogen station which has an important strategic role serving the Northern M1 corridor. This important upgrade strengthens our developing portfolio of hydrogen refuelling infrastructure and forms an important part of the UKs hydrogen roll out."

ITM took delivery of one of only six UK-bound Hyundai ix35s in 2014. Its Fuel Cell emits only water from its exhaust and is fitted with a 100 kW (136 ps) electric motor, allowing it to reach a maximum speed of 99mph with a 0-to-62mph time of 12.5 seconds. A pair of hydrogen tanks, located between the vehicle's rear wheels, gives it a range of 369 miles, meaning that a round trip to London would require just one refuelling.

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The company received £4.9m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015.

ITM Power website

Images: ITM Power


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News: TWI showcases Rotherham expertise

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Member of Parliament for Rotherham, Sarah Champion, visited TWI's Rotherham facility last week to find out how advanced engineering technologies are being used to support local companies.

TWI is one of the world's foremost independent research and technology organisations, with expertise in solving problems in all aspects of manufacturing, fabrication and whole-life integrity management technologies.

The Cambridge organisation has a Technology Centre on the Advanced Manufacturing Park (AMP) in Rotherham where experts provide technical support in joining and technologies such as material science, structural integrity, NDT, surfacing, electronic packaging and cutting.

The MP was welcomed and shown around by TWI associate director Rob Scudamore, who oversees activities at the Rotherham base. During the tour Sarah was able to see two of TWI's principal technologies in action: friction stir welding and laser additive manufacturing. She was also given a brief overview of TWI's history of engineering innovation, covering the invention of friction stir welding, 50 years of laser technology development and its current focus on supporting industrial companies wishing to exploit additive manufacturing.

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Sarah was particularly interested in the work of Rachel Sanderson, one of TWI's STEM ambassadors. Rachel highlighted TWI's outreach programme with local schools, including its ever-popular ‘welding with chocolate’ activity, which uses chocolate bars to memorably demonstrate the strengthening effect of joining metals.

Sarah expressed that she was keen to see companies engage not only with pupils, but also with parents and teachers, to encourage more youngsters to take up engineering as a career choice.

Rob Scudamore (pictured, second left), said: "Our facility in Rotherham delivers world-class innovations to industry worldwide. Our work on friction stir welding has made the new generation of light fast trains possible, and is used in products ranging from Apple iMacs to spacecraft.

"TWI's activities in metal additive manufacturing over many years have pushed the boundaries of what is thought possible, and helped numerous industries adopt and use the technology to make real products.

"We are currently developing production-ready processes for clients in numerous sectors, including aerospace and medical, and are delighted to work with Sarah to continue to deliver innovation in Rotherham."

TWI website

Images: TWI


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News: Stafforce helps Rotherham’s foster children experience Proms in the Park

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Foster children from across Rotherham got the chance to experience a live orchestra at the town's first ever Proms in the Park, courtesy of industrial and commercial recruiter, Stafforce.

Part of the ambitious Nicholas Associates Group, Stafforce has a head office on Percy Street in Rotherham town centre and a UK-wide network of sites, offering a range of services to national clients.

Chairman Nick Cragg, and Rotherham businesswoman Julie Kenny, donated 100 tickets to Rotherham's looked after children to the classical orchestra debut at the Rotherham Show on September 10.

Nick said: "We wanted to give children in Rotherham the opportunity to experience something they might not usually have the chance to do and hear classical music in a live environment. Proms in the Park with the Sheffield Philharmonic Orchestra was the perfect place to do this."

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The Proms in the Park event, the first of its kind in the town, was a huge success and saw almost 400 guests enjoy wonderful classical music in the beautiful surroundings of Clifton Park. After such positive support from local people, the event has already been secured for a repeat performance next year.

The event was strongly supported by Stafforce as a key sponsor, as part of its commitment to local charity initiatives including Gallery Town and the Titans Foundation. The company is passionate about giving back to its local community in its aim to enable people to be their best.

Established in 1977 by local entrepreneur, Nick Cragg, an ambitious five-year growth strategy is in motion at the Nicholas Associates Group where the aim is to achieve a £200m turnover within five years. The group's vision is to become the market-leading partner of choice for talent management solutions "from apprentice through to boardroom level"

Stafforce website

Images: Clifton Community School


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Thursday, September 22, 2016

News: Sheffield City Region LEP changes stance on HS2

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The Sheffield City Region Local Enterprise Partnership (LEP) has changed its stance on HS2, recognising the impact that a proposed new route will have on areas of Rotherham, Doncaster and Barnsley.

Given a funding envelope of £55.7 billion in 2015 prices, the new North-South high speed train link should reach Birmingham in 2026 and Manchester and Leeds by 2033.

The South Yorkshire HS2 station location was initially chosen as Meadowhall but a new option announced in July proposes that HS2 services between London and Sheffield would take a spur off the high speed line and travel directly to the existing Sheffield Midland station using the existing railway line.

A city centre station solution for Sheffield high speed services would allow the main HS2 line to be built east of the previously proposed route, following the M1 and M18 through Rotherham before heading through the Dearne Valley.

LEPs are the Government's model to promote economic development and provide the strategic leadership required to set out local economic priorities, and better reflect the natural economic geography of the areas they serve. Private sector led, the board is made up of business people and the leaders of constituent councils.

Whilst vocal in its support for HS2 coming to the city region, the LEP has always declined to commit to backing a specific site for a South Yorkshire station and instead reiterated its stance that the location should be based on achieving the greatest economic benefit.

At a recent board meeting, a suggested amendment to support the revised HS2 proposal for the Sheffield city region was agreed. It notes that Sheffield Midland station becomes the HS2 station in Sheffield but adds that it understands the fact that Doncaster Council and Rotherham Council would continue to advocate for the Meadowhall HS2 station option.

Both Rotherham and Doncaster councils have passed motions opposing the changes to the HS2 route. Sheffield Council has long since lobbied for the HS2 station to be in the city centre.

The minutes show that the board "recognises the deep concern of local authorities over the impact on local communities of the proposed route of HS2 and understands that local authorities would put forward the strongest possible case for an alternative route which was less disruptive to local communities."

The 2013 route to Meadowhall affected development at Rotherham employment sites such as the former Laycast foundry at Fence, and impacts the Waverley development. The 2016 route east of Rotherham would affect Wales, Aston, Ulley, Thurcroft, Bramley, Hellaby, Ravenfield and Hooton Roberts.

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The new recommendations would cut journey times on services heading to Leeds, York and Newcastle, and would also reduce the cost of the project by around £1 billion. Five high speed trains per hour were initially planned to stop at Meadowhall but only one or two high speed trains per hour are planned to stop at Sheffield Midland.

The LEP board adds that it notes "that the service frequency, speed of service and HS2 access to Birmingham and Leeds were less advantageous in the Midland Mainline spur solution than the alternative options and the LEP Board would lobby for improved service frequency and speeds."

HS2 Ltd believe that the new route would create the possibility of classic compatible services running through Sheffield Midland to other destinations, including Barnsley, Meadowhall and Rotherham. However, a link North from Sheffield Midland and back onto the HS2 line has not been confirmed but may be included in proposals for HS3 / Northern Powerhouse Rail which aims to link Sheffield with Leeds and Manchester in under 30 minutes.

The LEP is seeking "a clear and unequivocal commitment to constructing the loop north of Sheffield to the main HS2 line" and pressure is being applied for the Government to commission a study on the potential for a parkway station on the M18/Eastern leg route which could serve the South Yorkshire area as a whole.

A request was made by the LEP for an urgent meeting with Sir David Higgins, the head of HS2 who published the new route, to discuss current proposals and options for a Parkway station and improved connectivity. The LEP and combined authority transport team is considering the priorities for improved inter and intra region connectivity to ensure full economic advantage was taken of HS2 in the city region.

Sheffield City Region LEP website

Images: HS2 Ltd


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News: Fishing Republic to invest for growth

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Rotherham-based retailer, Fishing Republic has increased revenues and profit margins, prompting the board to accelerate investment in future growth.

The placing of ten million new shares at 15p per share in June last year raised £1.5m for the Eastwood company that is already one of the largest retailers of fishing tackle in the UK by floorspace. A share placing this year raised a further £3.75m.

Floating on AIM, the directors believe that Fishing Republic is the only participant in the market looking to act as a consolidator, snapping up smaller, often family-run businesses.

For the six months ended June 30 2016, the group reported that revenue increased to £2.5m, up by 34% from the £1.87m in the same six months of 2015. Profit before tax was £157,000 and compares to a loss of £150,000 reported last year after exceptional costs of £299,000.

During the period, Fishing Republic expanded its store network, opening two new stores, in South Birmingham and Crewe, and relocated its existing Hull store to a significantly larger site. The first acquisition, Cotswold Angling in Swindon - the first presence in the South of England, was integrated into the group and after the period end the company acquired Fantackletastic, a fishing tackle store in Lincoln, taking the total number of outlets to 11.

The Company generated a gross profit of £1.25m (2015: £814,867), an increase of 54%, year-on-year. This increase benefited from an uplift in gross margin to 50% from 44% in the comparative period last year. Sales from its own websites increased 153% year-on-year (from a low base) although, reflecting the shift of of focus to its own website sales, total online sales decreased by 9% year-on-year.

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Given the strong balance sheet position, the group has decided to rebase its profit forecasts for the current financial year to allow it to invest for growth in both its store network and online.

James Newman, chairman of Fishing Republic, said: "Since joining AIM in June 2015, we have made significant progress in working towards our ambition of becoming a dominant player in the highly fragmented fishing tackle market. These results show the Group's continuing encouraging progress. The additional funds raised in June support ongoing growth and we are pleased to welcome new shareholders including Bill Currie, Iain McDonald and Sir Terry Leahy.

"With the planned opening of two further stores before the year end, additional investment in our recent acquisition and the increase in resource across key areas, including multi-channel, the Group's cost base will rise significantly in the current financial year. This, coupled with lower than expected sales during the latter part of the summer season, means our results for this financial year are now anticipated to be below current market expectations."

Steve Gross, chief executive of Fishing republic (pictured), added: "Following the successful placing in June, we are now accelerating investment across the business, including multi-channel. We expect the benefits of this investment programme to come through in 2017. The Group has a strong balance sheet and we are confident about growth prospects and will continue to consider further acquisitions and selective store openings."

Fishing Republic website

Images: Fishing Republic


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News: Plasflow owner in MBO

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SWP, the AIM-listed group that operates the Plasflow business in Rotherham, is to go back into private ownership after the board accepted an offer worth £18.3m from the management team.

Based in Cambridgeshire, SWP Group Plc designs, manufactures and installs a range of industrial engineered products and systems, serving international markets in the oil, gas and petrochemical markets as well as in construction and water utilities.

Its Plasflow subsidiary, based at Canklow Meadows, offers specialist services in the fabrication of large diameter plastic pipe work and supplies the UK civil nuclear sector. It delivers the fabrication needs of Fullflow, another SWP subsidiary based in Sheffield that specialises in rainwater management and syphonic drainage systems.

Friars 716 Ltd, a new company established by SWP's management team, has made an offer to purchase SWP Group which will see shareholders receive 9p for each share, valuing the business at about £18.3m.

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An update to the stock exchange said: "Friars intends, upon the Offer becoming wholly unconditional and subject to Friars then owning 75% of the SWP Shares, to take the necessary actions to cancel the admission to trading on AIM of the SWP Shares and re-register SWP as a private limited company."

For the year ended June 30 2015, SWP made a profit after tax, but before discontinued activities of £1.7m and a loss of £0.4m after discontinued activities.

Relying on projects, Plasflow has performed well in recent years but has suffered recently due to the absence of any meaningful orders from the nuclear sector where the company is a respected player in providing pipe solutions for most of the major nuclear plants in operation throughout the UK.

The company was programmed to commence substantial works for EDF but delays to its massive nuclear investment at Hinkley Point have had knock on effects. EDF, unilaterally deferred, for up to two years, a major outage project at one of their UK plants where Plasflow was scheduled to play a prominent role.

Alan Walker, chairman of Friars, said: "SWP is too small to benefit from maintaining a public quotation and AIM has not provided SWP's shareholders with sufficient liquidity, with some feeling trapped. As a private company, SWP will be better able to weather the feast and famine nature associated with transacting a small number of large projects. I therefore believe that the Offer is in the best interests of shareholders as a whole and I look forward with great optimism to working with all stakeholders to continue the successful development of the business."

Alan Smith, independent director at SWP. added: "I am pleased to recommend this offer to shareholders of SWP. The principal operating companies of SWP, being Fullflow and Ulva, are profitable and, in my opinion, well regarded by their peers and customers. However, it is my opinion that the market capitalisation of SWP does not reflect either its financial progress or the continued efforts of my colleagues and that SWP's public quotation is no longer beneficial to its stakeholders, particularly given the very low levels of liquidity in the Company's shares. The offer from Friars gives shareholders a chance to realise value from their investment at a significant premium to the recent share price, while safeguarding the existing employment rights of SWP employees."

SWP Group plc website
Plasflow website

Images: Plasflow


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Wednesday, September 21, 2016

News: AMRC hosts Pitch@Palace

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The Sheffield city region hosted a round of Pitch@Palace this week - an initiative that offers the chance for business ideas to be seen by a global audience of influencers who can catapult them to the next level.

Established by The Duke of York, in less than three years Pitch@Palace has helped over 205 businesses grow, with some now enjoying huge global success. This year's event focuses on technology and HRH hosted the touring event at the University of Sheffield Advanced Manufacturing Research Centre with Boeing's (AMRC's) Factory 2050 building on the Sheffield Business Park.

Pitch@Palace was set up by The Duke of York's Charitable Trust to support start-up businesses and entrepreneurs in the UK. It gives potential entrepreneurs the chance to explain their hi-tech business ideas to Prince Andrew and a panel of experts, in front of an audience of investors, business leaders and mentors, in a bid to secure the backing they need to take them to the next level.

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42 entrepreneurs will be selected to attend a boot camp and 15 will go forward to pitch at St. James's Palace in November.

The first of a number of regional events, Factory 2050 saw around 25 hi-tech businesses pitch their innovative ideas to the Prince, local dignitaries and leading business people and a judging panel including AMRC co-founder Prof Keith Ridgway, CBE.

Amongst the pitches were Rotherham-based SOTpay - a unique payment transfer system which uses a series of rigorous card and customer checks to prevent fraudulent transactions from taking place. The system was developed in-house by Manvers company Gala Tent, the UK's leading distributor of marquees and gazebos, and has eliminated fraudulent telephone transactions.

Also pitching was Cumulus Energy Storage (CES), a high-tech start-up based on the Advanced Manufacturing Park (AMP) in Rotherham. Cumulus is developing prototype battery technology which can be developed commercially to cope with the rigours and requirements of the renewable industry.

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The event was won by three companies; Doncaster-based Drenched Ltd and its product for taps that transforms the flow of water, reducing the volume of water used by 90%; Offer Moments, a Manchester start-up creating digital advertising screens to personally engage visitors and shoppers; and Sheffield's Mobile Power Ltd that has designed a way to deliver renewable energy at a price-point affordable to the emerging market.

Prince Andrew said that the standard and passion of businesses was outstanding and praised the AMRC. He said: "I have watched this incredible institution grow over the years and to be able to see this wonderful new building being filled with some really clever advanced manufacturing is fantastic."

Prof. Ridgway said: "It is a great honour to have one of the AMRC’s facilities selected to host this prestigious event.

"We created Factory 2050 to be the home of cutting edge research and innovation involving technologies that will underpin the future success of UK manufacturing and to inspire the next generation of engineering leaders.

"That made it an ideal location for a new generation of entrepreneurs to explain and seek backing for their ground-breaking ideas and, hopefully, seeing what is already being achieved at Factory 2050 will inspire them to achieve yet greater things."

AMRC website
Pitch@Palace website

Images: Pitch@Palace / twitter


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