Business News
Funding requested to transform roads
Plans for three transformational road schemes in the East Midlands have been submitted to Government by Sub-national Transport Body Midlands Connect, with a funding request for £229m to deliver them. Midlands Connect was
empowered by the Department for Transport (DfT) to work with the 22 councils in its partnership to identify priority schemes to improve local roads in the region, as part of a £3.5bn national fund available from 2020-2025. The fund covers upgrades to
request of £20-50m each, and LLM schemes more than £50m, with a local contribution of at least 15%. Simon Statham, Midlands
Connect’s Head of Technical Programmes, said: “A reliable transport network is essential to the success of the Midlands. The Major Road Network targets funding
‘A reliable transport
network is essential’
the Major Road Network (MRN), a new category of the busiest and most economically important local authority ‘A’ roads. The MRN was established by Government to focus on funding schemes that will reduce congestion, support housing and employment growth, encourage people to walk, cycle and use public transport, and provide better links to motorways and major trunk roads. The £3.5bn Government fund
also includes “Large Local Majors” (LLM) schemes, which focus on bigger upgrades to local roads. MRN schemes must include a Government funding
specifically at schemes that help improve job
opportunities, open up new housing
developments, and importantly address
our environmental obligations as well. Objectives
for the funding include understanding how a scheme will create improvements for all road users.” “We believe the schemes
submitted has provided all the evidence Government needs to fund them in full, and we expect to be celebrating a £600m investment in to the region to help our local authorities get on and deliver this transformational programme of upgrades.” Midlands Connect is
encouraging Government to allocate funding for shortlisted schemes as soon as possible to ensure their smooth delivery.
Mayor’s support for homeless veterans
Our Armed Forces personnel play a crucial role in protecting our way of life, but too many veterans can face challenges when leaving the Forces. That’s why Dan Jarvis, Mayor of
the Sheffield City Region, supported by the four South Yorkshire authorities and the South Yorkshire Armed Forces Covenant Group, is using £90,000 of funding from the Government’s Homelessness Veterans Fund to support those veterans who find themselves in need of help. The funding will be used to
Dan Jarvis
extend the work of the Help 4 Homeless Veterans charity, based in South Yorkshire, which currently helps the homeless Armed Forces communities in Barnsley and Doncaster. The additional funding will enable the charity to extend its services to supporting people in Rotherham and Sheffield. Services will be available to all those who are homeless and have served in the British Army, Royal Navy or Royal Air Force. Additional training will be provided for front line staff who support those
who are homeless, ensuring consistency of support and information to veterans and their families. Work will also be undertaken to understand what the current gaps in help and support are and how these can be tackled. Dan Jarvis said: “Most service leavers go on to achieve great things in
civilian life, using the invaluable experience and transferable skills gained in the military. “But as someone who had the honour of serving in the Armed Forces
myself, I understand the challenges some people can face when leaving the Forces. That’s why I’m using the small amount of funding that has been provided by the Government to boost the work of an important charity based here in South Yorkshire.” Help 4 Homeless Veterans works to specifically help those homeless
people who formerly served in the Armed Forces. The charity currently works with Barnsley and Doncaster councils to let homes to homeless veterans. Steve Bentham-Bates, Chief Executive for Help 4Homeless Veterans, said:
“We are delighted to learn our charity has been identified by the Sheffield City Region as a worthy recipient of funding to enable us to provide help to the most vulnerable veterans right across South Yorkshire.”
Experts come together in sale of freight firm
Shorts Accountants recently teamed up with Wake Smith, Dawson Radford and Calverton Finance to act as lead advisors, legal representatives and funders, to Steve Bowling and Derek Libberton on the purchase of Sheffield-based Freight Despatch Worldwide (FDW) Limited, from John Collumbine. International Freight Forwarding Specialists FDW was established in 2004 by John Collumbine. Over the past 15 years, the company has forged close relationships with UK and overseas carriers and freight partners throughout the world, ensuring goods arrive at their destination safely and on time. Martin Dean, Corporate Finance
Executive at Shorts, said: “We are delighted to have advised Steve and Derek, the new owners of the business, on the successful
30 CHAMBERconnect Autumn 2019
Lead advisors and legal representatives with members of the FDW team
completion of this transaction, and we look forward to seeing the continuing success of the business under new ownership.” Emily Revill, of Calverton
Finance, added: “Freight Despatch Worldwide is a long-established company offering a bespoke freight
forwarding service to its clients. They are market leading in Sheffield and surrounding areas while also working countrywide. Historically, John and his team, Derek and Steve, have done an outstanding job in driving the growth of the firm.”
John Collumbine said: “When I
made the decision to sell, I was extremely happy that Derek and Steve wanted to take over running the business. As part of the existing senior management team, I know that FDW is in safe hands with them.”
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