Watch: Insider's Business Briefing - 8th October - video Dailymotion

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In today's business briefing, Miri and Robyn discuss expansion plans for sports brands, the future of Lancashire property and our UK Dealmakers Awards.

Transcript

00:00Expansion plans for sports brands, the future of Lancashire property and our UK

00:04Dealmakers Awards. That's all coming up on today's business briefing.

00:13Hi I'm Robin Hewson and I'm Mary Thomas and welcome to today's briefing. So Mary

00:18what's caught your eye today? So today we reveal the shortlist for our Future

00:22Ambition Award for our Lancashire Property Award. So Future Ambition if you

00:25don't know is those projects that we think are going to be catalysts for

00:30development in the years to come. So we found that awards are usually backward

00:33looking so rewarding success is already achieved but Future Ambition is about

00:38those projects that just with an extra nudge can be really transformational. So

00:42in Lancashire for the Lancashire Property Awards we've chosen six

00:45projects. They are Eden Project in Morecambe, the Silicon Sands project in

00:50Blackpool which is a carbon-friendly data centre type offering, Cotton Parkway

00:55which is a new railway station around Preston, the Preston Station Quarter

00:59Regeneration Scheme, Canal Quarter in Lancaster and the Skills and Cyber Campus

01:04in Blackburn which is part of the Blackburn Town Centre Master Plan. It's

01:07all happening in Lancashire. It is and they're really exciting and what's even

01:11more fun about the Future Ambition Awards is that people get to vote on the

01:15one that they like the most so we have no influence over who the winners are

01:19because everybody gets to vote on this one on the night at the awards themselves

01:23so they just scan in a QR code and the one with the most votes wins and takes

01:28home all the glory. Yeah and they'll be doing the same thing at the Liverpool

01:30Property Awards this week. So we've got Future Ambition there I think five

01:33projects there? Yes five projects including a train station. There's always a train

01:37station which is great to see and yeah I think that's the Baltic Triangle and the

01:44other one I can't quite remember. And Daresbury. Oh right. Holton yeah. Okay so

01:50what have you seen today? Yes so in other news we have seen today about the

01:54funding for Foot Asylum which is going to increase its expansion plans. So Foot

01:58Asylum has secured £35 million from HSBC. It was acquired actually by

02:04investment firm Aurelius in August 2022 so it's already been on this sort of

02:07growth journey up to now and now this funding is going to take it to the next

02:11level. So the funding is actually quite interesting because it includes a

02:15sustainability improvement loan. So in order to get reduced interest rates on

02:20the loan Foot Asylum will have to reach certain sustainability targets and I

02:24think we're seeing that more and more now aren't we? Yeah that seems to be coming

02:27through more sort of ESG practices thrown into your funding circumstances.

02:32Yeah definitely yes that was an interesting one. And another similar

02:35story actually is about Thin Cats backing a gym brand One Gym. So this was

02:39originally created in Bishop Auckland and they've already started expanding

02:44across the North East and now they're going to expand even further. So One Gym

02:48was established by Paul and David Pearson and the funding from Thin Cats

02:52is going to enable them to increase by acquiring three to four sites per year.

02:57And in 2022 the business was backed by Middleton Enterprises so it's already

03:01had some backing and been able to open six new sites in the last 18 months and

03:06now they're going even further. So One Gym is absolutely everywhere.

03:09Really ambitious program it sounds like. Yeah absolutely. So staying with

03:13ambitious programs as well. So we've got our UK Dealmakers coming up that's going

03:17to be on the 6th of February and we're talking about it today because we've

03:21added more finalists to that shortlist. So currently we have eight people vying

03:27to be Dealmaker of the Year. So you might see Michael Pay from EMC in the

03:32South East going head-to-head with Geraint Rowe from Wales and Rob

03:37Burden from Clearwater in the Midlands. So we're waiting on four more awards to

03:42be announced. That's the North West of England, Central and East England, Yorkshire

03:46and Scotland and then we'll have 12 in the running to be UK Dealmaker of the

03:51Year. So that's a great one. We also have awards for Management Team of the Year

03:55for Corporate Finance Advisory but you have to wait until February to find out

04:00who the winners for that one are. But if you don't want to wait that long you

04:04can read more on our newsletter this morning and on our website and you can

04:09get all the news you need from insidermedia.com

Watch: Insider's Business Briefing - 8th October

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