ADVERTISEMENT
Ashfield & Mansfield
Strong local business growth and a healthy appetite for good M1 locations are making north Nottinghamshire a sound place for investment.
The conurbation of Ashfield and Mansfield has pulled itself up the rankings in recent years, taking a key part in the East Midlands becoming the UK’s fastest-growing economy. The area now ranks in the top 10 out of the UK’s 64 cities for SME expansion and second in the country for expansion of knowledge-intensive businesses. Sutton-in-Ashfield was in the top ten performing UK towns
“ Returns on the investment market for industrial are
very strong at the moment.” Edward Hine
for reducing vacancy rates this year. Mansfield (Nottinghamshire’s second city) has climbed the retail ranks from 137 to 112, with a 7% increase in footfall and £29m increase in comparison spend to £313.4m. While local businesses are optimistic about growth, property consultants are reporting high demand for good-quality sites close
to the M1. Commercial space is dwindling and the highest level of design-and-build leasing deals have been struck this year.
With 400 acres of development sites all within easy access of the M1 and with one of the country’s most solid SME economies, Ashfield and Mansfield offers the property industry steady, low-risk investments. Commercial property consultant Edward Hine says: “Good quality sites close to the M1 are harder to find. Competitive rents and easy motorway access make Ashfield and Mansfield a good prospect for end users. With strong local businesses, this is a worthwhile place to look for good returns. Funders who wait until next summer may be left chasing the tide.” Businesses put their buoyancy and growth potential down to accessibility; loyal staff; low direct costs; the M1 and several universities on the doorstep.
Specialist healthcare manufacturer BPR Medical, in Mansfield, has doubled its turnover in the last five
years and is heading towards £10m. Managing director Richard Radford says: “Our people are good, loyal and knowledgeable. Ours is a conservative business. The stability of our staff has been paramount. We have excellent industry expertise on our doorstep through the universities. It means we can get hold of the right people to fix product problems. That’s vital.”
Nick Linney, chairman of the Linney Group, which employs 750 people on a 34-acre site in Mansfield said: “We have seen 20 per cent growth in the last year and predict good continued growth. That is down to the quality of our people. Their attitude includes great innovation and flexibility, which means we can chase future markets rather than being stuck in former markets. This is an interesting place to be.”
Contact Invest Ashfield & Mansfield on 01623 463537, visit MIPIM stand B25 or
invest.ashfield-mansfield.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44