Business Manchester

Guaranteed Rent Unlocked by 53 Degrees for UK Landlords

Olivia McHugh

-

14/02/2023

With this service, landlords can enjoy long-term contracts and security knowing that they will receive their rent regardless of whether or not tenants pay. In addition to generating an ongoing stream of rental income, it also eliminates tenant issues and property maintenance costs.

What is Guaranteed Rent UK?

Rent guarantee schemes provide landlords with a fixed monthly rental income for their property regardless of whether or not their property is occupied. This means that landlords and UK property owners can be sure to receive regular payments with no voids, rent arrears or agency fees.

The rent guarantee company offering this service will typically take responsibility for finding and managing tenants, usually renting the property on behalf of the landlord as a holiday let and or serviced apartments. The company collects the payments, cleans the property and takes care of any property maintenance issues that may arise.

Family-run UK 53Degrees Property offer guaranteed rent contracts between 3 to 5 years. Director and co-founder Daniel Budden explains their guaranteed rent service:

“Our service helps landlords to achieve long-term guaranteed rent with zero hassle from tenants or letting agents. The cost of maintaining a property each year sits at roughly 1% of the property’s value. With the current average house price hitting £278,436, this means annual maintenance costs total £2,784 per property for private and social landlords and management companies. With guaranteed rent, the maintenance cost is reduced as 53 Degrees Property takes on most of the associated cost.

Guaranteed Rent also means you have a long-term contract direct with the guaranteed rent company meaning no tenancy fee costs or renewal fees. However, Traditional Lettings agents charge tenancy renewal fees which can be up to 10% of annual rental income yearly.”

The Benefits of Guaranteed Rent for UK Landlords

One major benefit of guaranteed rent is that it offers landlords financial security; they know exactly how much money they will receive each month without having to worry about late payments or other potential problems associated with renting out properties on the open market. Additionally, since most companies offering this service also manage all aspects related to renting out a property and tenancy agreements, such as finding suitable tenants and handling maintenance issues, it can save time and hassle for busy landlords who don’t want to deal with these matters themselves.

In exchange for providing these services, landlords will get peace of mind knowing that no matter what happens during the contract term, they will always receive a steady stream of rental income from the property every month. This makes it easier than ever before for busy landlords or investors looking for reliable returns on investment opportunities.

Key Takeaway: Guaranteed rent offers landlords financial security and peace of mind, providing a fixed monthly rental income regardless of occupancy status. Benefits include consistent income; no need to find new tenants; time-saving property management services.

Advantages of Guaranteed Rent for Landlords

No Tenancy Issues & Long-Term Contracts

As mentioned, this type of service eliminates the need for landlords to find tenants and deal with any tenant issues, such as late payments, damage to their property or eviction costs. Guaranteed Rent also offers them long-term contracts, so landlords don’t have to worry about regularly finding new tenants as they will be paid whether the property is occupied or not.

Property Upkeep & No Maintenance Costs

Furthermore, guaranteed rent services also remove any maintenance costs associated with managing their property since the company providing the guaranteed rent will take care of the cleaning after a tenant stays, as well as any unexpected repairs and general upkeep.

Consistent Income

One major advantage of using a guaranteed rent service is that it provides landlords with a steady stream of income each month without having to worry about tenant issues or maintenance costs. This can be especially beneficial for those who own multiple properties since they won’t have to spend time dealing with individual tenants in each one. Additionally, because these services typically offer long-term contracts, landlords can rest assured knowing that their rental income will remain consistent over the agreed time.

Legal & Experienced

Another benefit of using this type of service is that it eliminates any potential legal issues related to renting out properties in the UK. The company providing the guaranteed rent will handle all aspects related to the holiday lets and short stay and ensure compliance with relevant laws and regulations in England & Wales (or Scotland). This means that landlords don’t have to worry about being held liable if something goes wrong during the tenancy period – which could save them from costly court proceedings down the line.

Flexible & Convenient

Finally, while there are some restrictions on how you use the property when signing up for a guaranteed rent agreement (such as not being able to sublet), these are generally minor compared to other types of rental arrangements available in the UK today. As such, many people find this option attractive due to its flexibility and convenience, allowing them peace of mind when it comes time for collecting monthly rental payments.

Guaranteed rent offers landlords a secure and reliable income stream with no tenant issues or maintenance costs, making it an attractive option for many. However, there are some potential drawbacks to consider before entering into a contract.

Key Takeaway: Guaranteed rent offers landlords a reliable source of income each month with long-term contracts, maintenance costs covered, legal compliance and flexibility.

Disadvantages of Guaranteed Rent for Landlords

One of the potential drawbacks to using a guaranteed rent service for landlords in the UK is the loss of control over property management. When opting for this type of service, landlords must relinquish some control over how their properties are managed and maintained. This may be an issue if they want more involvement in decisions about their rental properties. However, most landlords who choose a guaranteed rent service are happy to pass on the maintenance responsibilities!

Another disadvantage return on investment. While most guaranteed rent services provide reliable income, they frequently require long-term contracts, and landlords may find themselves locked into agreements that do not reflect current market value and cannot easily adjust rents accordingly.

With 53 Degrees, though, the guarantee rent scheme works where landlords get what they could get on the open market rates—or in some cases more.

Guaranteed Rent is a great option for landlords in the UK looking to ensure a steady income and avoid tenant issues. With long-term contracts, no maintenance costs and guaranteed rent payments each month, it can be an attractive proposition for those who want to reduce their stress when it comes to managing rental properties.

However, there are some potential drawbacks such as higher fees than traditional renting models that should be considered before signing up for a guaranteed rent service. Ultimately though, with the right research and due diligence, Guaranteed Rent could provide landlords with peace of mind and financial security in the future.

Hiring Hub enters German market with Henkel partnership

Olivia McHugh

-

14/02/2023

0

The UK’s leading recruitment marketplace, Hiring Hub, is growing to Germany following its appointment by Henkel, a Germany-based multinational consumer goods company, to streamline and support all of its third-party recruitment activity.

With headquarters in Dusseldorf, Henkel, which owns household brands like Schwarzkopf, Persil and Loctite, will consolidate all its third-party recruitment activity using Hiring Hub’s Portal product, allowing it to track supplier performance, ensure compliance, and process all payments through a single vendor and platform.

The three-year deal for Hiring Hub’s enterprise product, Portal, gives the cloud-based recruitment platform provider a foothold in Germany, which it plans to build upon over the coming 12 months courtesy of a strong pipeline of German prospects.

The UK’s leading recruiter marketplace, Hiring Hub core product – a B2B marketplace – connects employers with top-rated recruitment agencies to help them find the best candidates. It first launched version one of Portal in 2020 to help large companies manage their recruitment supply chain, measure performance and track spend.

Portal will enable Henkel’s inhouse recruitment teams to centralise all of its suppliers’ activity, while cutting the time it takes to compliantly onboard new recruiters, giving the €20.1billion turnover business more flexibility to use boutique recruitment agencies for specialist roles.

Henkel, which has over 50,000 employees globally, is Hiring Hub’s first major international client to adopt its Portal product. The announcement follows an exciting period of growth for Hiring Hub, which secured a multimillion-pound investment from MonacoSol in January this year.

Simon Swan, CEO and founder of Hiring Hub, said: “The partnership with Henkel not only represents a major client win but also acts as a gateway into Germany for Hiring Hub, a region for which our Portal solution feels particularly well-suited.

“It was enterprises like Henkel we designed Portal for – large organisations that wanted a single platform to manage all third-party suppliers and procurement to ensure compliance, accelerate onboarding, and provide data and insights for its in-house recruitment team. We proud to partner with such an established and progressive company.“

Henkel’s Head of Recruitment in Germany, Marcus Krahforst, added: “We have been impressed with Hiring Hub’s user-friendly platform and commitment to customer service.

“Implementation was straightforward, and our partnership is only getting stronger thanks to the consistency and responsiveness of Hiring Hub’s relationship management team.

“We would certainly recommend Hiring Hub to other large companies that want to keep recruitment in-house, rather than outsource it, and are seeking a platform to unite its team and supply chain in the cloud to drive greater efficiency, insights, and communication.”

Hiring Hub’s recruitment technology is also used by major employers including On The Beach, London & Partners, SSE, and Sega.

Celebrate International Women’s Day 2023 high above Manchester

Olivia McHugh

-

14/02/2023

0

Restaurant and bar, 20 Stories are inviting guests to join them for their annual International Women’s Day business breakfast and Q&A on Wednesday 8^th March on the 19th floor of No.1 Spinningfields.

The breakfast event will be celebrating the fantastic and influential women of Manchester and raise funds for Manchester Women’s Aid, part of The Pankhurst Trust, who support women to challenge gender inequality and ensure those suffering from domestic violence are provided with the support they need.

The panel will be made up of a number of influential Mancunians, all who have forged their own pathway across different sectors. This includes Founder of Martyn’s Law, campaigner and educational speaker, Figen Murray OBE, Head of Premium Sales at Co-op Live, Becci Thomson, Joint Artistic Director at Royal Exchange Theatre, Bryony Shanahan and co-founder of jewellery brand Astalia, Influencer and TV personality, Darby Ward.

The discussion will be chaired by Roland Dransfield CEO, Lisa Morton and discuss this year’s IWD theme of #EmbraceEquity.

Tickets which are priced at £25 will include a panel discussion and a breakfast buffet of hot sandwiches, pastries, fruit and a selection of tea and coffee.

Tickets can be purchased here.

More information on Manchester Women’s Aid can be found here.

Manchester Airport passes 90% of pre-pandemic traffic in January, as first full year of restriction-free travel begins

Olivia McHugh

-

14/02/2023

0

Manchester Airport has made a strong start to 2023, with passenger volumes at more than 90% of those seen pre-pandemic, according to new figures.

MAG, which owns and operates Manchester, London Stansted and East Midlands Airports, served 3.6 million passengers in January, with over 1.6m of those passing through the Northern hub.

The figure is more than double the 750,000 or so who travelled through Manchester in January 2022, when the Group served just 37% of pre-pandemic traffic, owing to Omicron testing requirements that remained in place for passengers travelling to and from the UK.

Across MAG, January’s passenger figures were 91% of those seen in the same month in 2019.

Elsewhere, operational performance has continued to be much-improved on last summer, with 92.4% of passengers waiting for 10 minutes or less to pass through security checks last month.

The traffic stats round off a positive month at Manchester Airport, which also announced the final phase of its £1.3bn transformation programme in January. The £440m investment will update the existing Terminal Two infrastructure, to bring it in line with the state-of-the-art extension, which opened to passengers in July 2021.

The investment is set to unlock billions in economic activity and create more than 500 jobs in the construction phase alone. A further 16,400 extra jobs will also be generated by 2040 as a result of the economic activity stimulated by the expansion of the airport and its route network. York Aviation research also shows that the Airport’s current contribution to the Northern economy of £3.5bn could increase by nearly 80%, to £6.3bn by 2040.

The announcement was welcomed by a broad range of supporters, including the Secretary of State for Transport, Mark Harper, and the Aviation Minister, Baroness Vere of Norbiton.

As part of its initiatives to make its airports as accessible as possible for all passengers, MAG was also proud to announce the creation of its partnership with SignLive, which provides Deaf customers with interpretation in British Sign Language (BSL) when using and contacting its airports.

Chris Woodroofe, Managing Director at Manchester Airport, said: “We are delighted to have made such a strong start to 2023, with January’s statistics showing passenger numbers continuing to recover well and operational performance steadily improving.

“The announcement of the second phase of our transformation programme is a major milestone for our airport, and a statement of our intent to deliver on our full potential as the UK’s global gateway in the North.

“We are now fully focused on continuing to improve the passenger experience ahead of what promises to be another busy summer.”

Global Investigations on Evading Fraud During The Cost of Living Crisis

Olivia McHugh

-

14/02/2023

0

Continuing to take its toll on many households across the UK, the cost of living crisis sees people falling victim to fraudsters. APP (Authorised Push Payment) fraud rose by 30% in the first half of 2022 compared to the same period in 2021.

As costs rise, fraud is expected to accelerate significantly this year, with criminals finding new ways to scam their victims with fake emails, phone calls, and text messages. Cifas, the UK’s leading fraud prevention service, is warning individuals to be extra vigilant following a rise in reports of criminals targeting online and mobile phone users.

One of the scams involve criminals claiming to be from a person’s phone provider and offering them money off their bill as a way to help cope with the financial strain caused by the crisis. Unsuspecting victims are then asked a number of questions in order to obtain their personal information to be used for fraud. Cifas is urging mobile customers to hang up and contact your provider if you are unsure if a call is legitimate.

In addition, WhatsApp users have reported receiving messages offering job opportunities with appealing hourly salaries. Once they reply, users are then asked to pay money for work equipment or employment screening checks, as well as provide bank details or identity documents.

“It is crucial that people are extra cautious when receiving unexpected calls, texts, or emails,” says Jack Roberts, Director at Global Investigations, a private detective firm offering fraud investigation services. “These offers can seem appealing, but it is important that you refrain from handing over any personal or financial information.”

Through WhatsApp, criminals are also disguising themselves as financial specialists to gain access to cryptocurrency investment chat groups. These groups are frequently occupied by bots that appear like people and guarantee rewarding returns on little investment, but these promises are simply fake schemes. Cifas is asking people to be mindful when approached with exclusive financial investment offers, and remember that only scammers will pressure you into making quick decisions.

Roberts recommends to crosscheck the FCA’s register for resisted firms and personnel before parting with any money. “It is more important than ever to be vigilant of potential scams during these difficult times. Only by keeping yourself informed and understanding fraudulent behaviour can criminals be stopped from exploiting the public.”

Taking precautionary steps, such as keeping up to date on current trends in fraudulent activity, will help to protect yourself against becoming a victim of fraud. If you suspect a scammer has targeted you, the best course of action is to inform your bank straight away and get in touch with Action Fraud on 0300 123 2040.

Funding update shows Council’s dedication to fighting climate change

Olivia McHugh

-

14/02/2023

0

Updated totals reveal how much funding the Council has managed to secure to support its climate change ambitions.

In total, the Council has so far put in place £227m of investment to support its Climate Change Action Plan – which will allow the Council to reduce its own emissions – and the wider citywide Climate Change Framework which is about delivering projects city-wide that will help reduce carbon.

Both the Council and the city as a whole aim to be zero carbon by 2038 or earlier.

The funding secured to date, which is outlined in a report to the Environment and Climate Change Scrutiny Committee which met on Thursday 9 February is as follows:

– £109.2m Council funding (this includes investment in LED street lighting, the Civic Quarter Heat Network, Estates Carbon Reduction, purchase of electric refuse collection vehicles, and others).
– £70.1m from the UK Government (this includes funding for Mayfield Park, the Urban Tree Challenge Fund, Public Sector Decarbonisation Scheme, and others).
– £35.4m from GMCA (this includes Active Travel and the GM Mayors Challenge Fund).
– £4.3m from the European Union (including ERDF funded Unlocking Clean Energy, Horizon 2020 funding for West Gorton Park, URBACT C-Change and Zero Carbon Cities projects and e-cargo bikes).

– £4.3m from partners (including One Manchester contribution to the Social Housing Decarbonisation Fund)
– £3.6m from the Manchester Climate Change Agency (including In Our Nature funding from the National Lottery).

Recently the Council has also set out its plans for Active Travel over the next five years. The Manchester Active Travel Strategy and Investment Plan (MATSIP) explains how the Council will expand the city’s active travel network, whilst implementing new policies that will shift the public away from car travel, towards cleaner and greener alternatives.

Councillor Bev Craig, Leader of Manchester City Council, said: “Manchester City Council is leading the way when it comes to tackling climate change. While we’re pleased to have been recognised nationally for our work, we want to go further and faster.

“Reducing emissions, creating a greener city and putting residents and communities at the heart of these efforts is a key component of our efforts. We know this is a big challenge but taking meaningful action brings benefits, not just in contributing to a global effort to reduce carbon emissions and minimise the impact of climate change but in helping create a greener, healthier and fairer city.”

Councillor Tracey Rawlins, Executive Member for Environment and Transport said: “The extent of funding which we are managing to secure and direct towards tackling climate change demonstrates our commitment to this priority.

“Whether it’s decarbonising buildings and other infrastructure, planting trees and creating new green spaces or helping people to make more sustainable travel choices, there are a host of initiatives we are investing in. The Council is determined to lead by example.

“We will continue to explore opportunities to secure further funding to support the important work being done across the city.”

Slater Heelis makes Modern Law Awards finals

Olivia McHugh

-

14/02/2023

0

Manchester-based law firm, Slater Heelis, is in line for a Law Firm of the Year trophy having made the shortlist of the Modern Law Awards 2023.

Facing tough competition from nine other firms in the hotly-contested category, Slater Heelis hopes that a number of recent successes will stand it in good stead.

Marking its 250^th anniversary this year, the practice recently achieved its largest ever workforce, with a year-on-year rise in the number of fee-earning solicitors taking its employee base over the 200 mark.

Having been recognised with listings in the Legal 500 and Chambers UK rankings, it is also predicting a 13 per cent rise in turnover for the 2022/23 financial year.

To coincide with the anniversary, the firm has moved to a shared ownership model in the form of a Share Incentive Plan and also launched the Slater Heelis Academy, an initiative offering access to more than 100 training and development programmes.

Beyond this, having become the first law firm in the UK to become accredited as an official partner of the LGBT Foundation it has appointed 10 LGBT champions within the business. Additionally, Slater Heelis continues to support the communities within which it operates through a number of initiatives with HOME, the Greater Manchester Youth Network, local foodbanks, and regeneration projects.

Chris Bishop, managing partner at Slater Heelis, said: “We’ve had a tremendous 12 months and that is solely down to the performance, resilience and collective success of our people.

“Slater Heelis wouldn’t be anything without our workforce and, regardless of the result on the night, I’d like to dedicate this award recognition to them.

“Marking a 250^th anniversary is no mean feat and something we are incredibly proud of, so to win this trophy in our milestone year would be the icing on the cake.”

Organised by Access Legal and in its ninth year, the ambition of the Modern Law Awards is to identify and celebrate the very greatest talent and success stories in the UK legal sector.

With a total of 17 categories, winners will be announced on Thursday 2^nd March 2023 at the Hurlingham Club in London.

HMG Paints celebrate Apprentices after successful National Apprenticeship Week

Olivia McHugh

-

14/02/2023

0

HMG Paints have marked National Apprenticeship Week 2023 with a celebration of a number of colleagues at various stages of their Apprenticeship journeys. The Manchester based manufacturer has been a long-term advocate of apprenticeships and developing its own staff and allowing them to develop careers within HMG. This is highlighted with current Chief Operating Office Steve Crossman, who joined HMG as an 18-year-old apprentice himself.

The business employs a number of apprentices across the business in roles ranging from paint production, laboratory and logistics to office-based roles. One of the newer apprentices just starting her journey is Gabby Parfitt, who joined HMG in 2021 as a member of the Print Room. Gaby is undertaking a level 3 apprenticeship. The 16-month course will provide her with a Level 3 business administrator qualification.

“I like doing my course at HMG because it gives me further education while working. HMG also provides time and a quiet space to do my apprenticeship work and participate in online lessons” said Gabby “My apprenticeship has taught me how to manage my time and set priorities for tasks that are urgent and non-urgent and helping create healthy habits. The 4D’s (delete, defer, delegate and do it) helped me with this.”

At the other end of the journey is Shannon Williams, who completed her Degree Level Apprenticeship in Business Management (Chartered Manager) in 2022 and achieved an Upper Second-Class Honours and has since been promoted to Product Manager.

On her apprenticeship journey, Shannon commented, “The Degree Apprenticeship helped to develop my skills and knowledge of business through a wide range of subjects and management processes. These skills have helped with my new role as Product Manager. HMG provided me with the support and time needed throughout to enable me to complete the degree”.

Shannon Williams HMG Paints Apprenticeships 2023 2 — Shannon Williams.

HMG Paints COO, Steve Crossman, is proud of the ongoing success of the apprenticeship scheme, stating: “We’re pleased to support our staff in developing themselves professionally and personally, and the apprenticeships are the perfect way to gain academic knowledge and real-life experience. We have a number of staff who have been here for decades with a wealth of knowledge and we’ve found combining that with the learning providers is a perfect way to bring numerous advantages to HMG.”

One of the common misconceptions of apprenticeships is that they are for early career journeys, however HMG also employ apprentices who are undertaking Level 7 qualifications. One such employee is Lewis Whalen, who is currently studying for his CIMA Level 7 Professional Accounting Technician qualification. Once Lewis completes his three-year apprenticeship course, he will be a qualified Management Accountant – ACMA (Associate of the Chartered Institute of Management Accountants).

“Completing my CIMA qualification whilst at HMG means I can apply some of my learning in the workplace and I have a better understanding of some modules due to the exposure and experience I have within HMG. It is an ideal way to combine practical experience with theoretical knowledge” Lewis added.

Lewis Whalen HMG Paints Apprenticeships 2023 2 — Lewis Whalen.

As a Made in Britain accredited manufacture, HMG offer a number of colour career choices. The nature and variety of HMG’s customer base & product portfolio means that there is a broad range of roles and opportunities within the company from apprentice and graduate opportunities in production and operations to roles for experienced chemists within the Laboratory. These roles include technical positions such as paint technologists, research & development chemists and colour specialists with one eye on a sustainable, net zero future. Believe it or not the company even have roles that require watching paint dry.

Health Assured, the UK & Ireland’s largest EAP provider, is speaking out for LGBTQ+ rights and urging other businesses to do the same

Olivia McHugh

-

14/02/2023

0

In honour of LGBT history month and recognising the discrimination LGBTQ+ people face day-in-day-out, Manchester-based Health Assured has launched a project to help. On Wednesday 15th February, Health Assured’s inclusivity and diversity group, Undivided, will take over the company’s Instagram account with a video Q&A session on how to support LGBTQ+ individuals at work.

Kayleigh Frost, Head of Clinical Support at Health Assured, says “Many people – employees and employers alike – want to do more to support inclusivity and diversity in the workplace. But they might not always know how to approach the subject or may not fully understand the challenges people face.

“More than a third of LGBT staff (35%) have hidden that their sexuality at work for fear of discrimination. And this is hardly a surprise, as the figures show that 9 in 10 LGBTQ+ people have experienced verbal abuse at some point in their lives.

“Hiding aspects of who you are and living in fear of discrimination can have a huge impact on mental health. And it’s up to us all to do our bit to make a change.

“Making a change requires effort and learning, and that’s what this Q&A is here to do. We’ve got 10 volunteers from our undivided group, many of whom identify as LGBTQ+, answering a range of questions including:

Why is it important to create a safe space to discuss sexuality/identity in the workplace?
Is there a way to create a safe space for people to talk about their sexuality/identity openly at work?
How can we work to become more accepting and inclusive towards the LGBTQ+ community at work?
How can you promote pride in the workplace?

“Creating an LGBTQ+ inclusive workspace means employees at Health Assured feel empowered to be their true authentic self in the workplace.”

Clinical Support Manager Jodie Hughes says “When I joined Health Assured, I was surrounded by colleagues who were open about their sexuality, identity, and gender etc. This encouraged me to be myself in a very casual way. Even little things such as managers speaking opening about their lived experiences was eye opening for me.

“I am proud to be a part of the inclusive and diverse culture we have here. This session will give you a fantastic insight into LGBTQ+ at work, and we can’t wait to share it with you.”

The Q&A session starts at 13:00 on Wednesday 15 February on Health Assured’s Instagram account @healthassured.

The Carbon Literacy Project recognises NorthEdge as the first private equity firm in the world to achieve Gold status as a Carbon Literate Organisation

Olivia McHugh

-

14/02/2023

0

From the Carbon Literacy Project (CLP), NorthEdge has become the world’s first private equity firm to gain Gold Carbon Literate Organisation (CLO) status.

The CLP provides firms with an awareness of the impacts of our everyday activities and the cost of climate change for our businesses and our planet. The organisation has been set up to help people to understand how to reduce emissions on an individual, community, and organisational basis.

The CLP was also recognised by the United Nations at the COP21 climate negotiations in 2015 as one of 100 ‘Transformative Actions Projects’ worldwide that could materially change the way we deal with climate change.

As part of its work towards the accreditation, NorthEdge invested in carbon literacy training for its entire team – with colleagues pledging to take accountability for reducing carbon emissions generated from their collective personal and business activities.

The firm has also used the training to support the delivery of its net zero plan, as well as encouraging 14 of its portfolio companies to take steps to build out their own – with a target set for all portfolio companies to have a net zero plan in place within the next 18 months.

NorthEdge is also dedicated to using the accreditation as a platform to drive positive change – not only across its business and portfolio, but also the wider industry. NorthEdge is aiming to encourage other private equity firms to take responsibility for the carbon emissions in their business and portfolios – collectively reducing Private Equity’s impact on the planet through the large network and sphere of influence the sector has.

The Gold CLO accreditation follows NorthEdge’s recent win at the Real Deals ESG Awards, where it was recognised for its commitment to best practice in ESG amongst its peers and for driving positive change in the private equity space, and special recognition from BVCA at the Excellence in ESG Awards.

Lucie Mills, Partner, Value Creation & ESG at NorthEdge said: “We’re thrilled to be the first private equity firm to achieve gold CLO status, emphasising our commitment and efforts to create a positive change not only within our firm, but also our portfolio and the wider industry.

“Whilst it will take a collective effort over many years to achieve the global net zero goals, we want to use our reach and sphere of influence as investors to play a significant role in reducing the impact on our planet and supporting businesses to grow sustainably.

“We will use this accreditation as a call to action to drive further progress and continue to share ESG best practice with our network, our peers and our portfolio – collectively working towards achieving a more sustainable future through building better businesses.”

Phil Korbel, Co-Founder & Director of Advocacy at The Carbon Literacy Project said: “’The power of private equity to move the dial towards a safer climate is extraordinary. This doesn’t just refer to their influence on their portfolio but the signal it sends to any business seeking investment. The fact that NorthEdge has become the world’s first Gold Carbon Literate Organisation in the sector speaks volumes about its commitment and ambition to be a standard bearer for climate action in the business world.”