Search

Enterprise agency Nwes acquires Nottingham-based NBV in growth move

Kevin Horne, chief executive of Nwes. Picture: Nwes.

Kevin Horne, chief executive of Nwes. Picture: Nwes.

Archant

East Anglian enterprise agency Nwes has made its second major acquisition in four months, after snapping up a counterpart in the East Midlands.

The deal with Nottingham-based NBV builds upon a decade of joint working and will create the country’s biggest enterprise agency.

It follows a similar agreement with the London Small Business Centre which was announced in October, and will further broaden the range of business advisers, support and services available to Nwes clients.

Chief executive Kevin Horne said the deal, referred to as a merger, would create a £12m-turnover business with 150 staff.

“The business world is changing: it’s a matter of grow or be eaten up,” he said.

“We are very clear that we have growth aspirations. We took over the London agency in December, and we are now by far the biggest enterprise agency in the country.

“And we are acquisitive – where the opportunity is appropriate, we are open it.”

NBV supports aspiring entrepreneurs and small businesses across the East Midlands and was founded in 1982, the same year as Nwes.

The merger is expected to be completed by the end of March, with NBV retaining its name.

NBV chief executive Richard Dearden will leave the business, with deputy Joanna Clarke and chairman James Pinchbeck joining the board of Nwes, though no job losses are planned.

Mr Horne said the deal would put the enlarged Nwes group in a strong position nationally.

“We have to win contracts like everyone else, and this will allow us to do that,” he said.

“Twenty years ago, the contracts we delivered for business support were coming from local authorities.

“Now it’s from the likes of Local Enterprise Partnerships and central government, which cover bigger areas – and they are only interested in people who can deliver over that area.

“They don’t want 20 contracts across England, so we have to make sure we can deliver what they want.”

Nwes – originally Norfolk and Waveney Enterprise Services – also runs managed workspaces including the King’s Lynn Innovation Centre, Rouen House in Norwich and the Beacon Innovation Centre in Great Yarmouth.

Other News

34 minutes ago

The A47 between Acle and Great Yarmouth has been closed following a collision between a lorry and a motor vehicle.

Yesterday, 20:02

A damning dossier compiled by a senior whistleblower from the region’s ambulance trust has claimed at least 40 patients died or were harmed due to delays over Christmas and New Year - including one person who froze to death.

Yesterday, 19:47

The A47 was blocked by a four-vehicle crash.

Yesterday, 17:52

A senior whistleblower within the region’s ambulance trust has claimed up to 80 people could have died or come to harm because of delays over the Christmas and New Year period.

Most Read

Yesterday, 08:28

Great Yarmouth is set for a tourism spending boost after it was confirmed cruise ships will be docking with hundreds of passengers at the town’s port throughout the year.

Read more
Graham Plant
Tue, 20:26

A care home in Great Yarmouth has been forced to close after watchdogs uncovered a catalogue of concerns.

Read more
Care Quality Commission
Yesterday, 11:17

He is a cat who became an internet star by making Great Yarmouth’s Tesco store his second home.

Read more
Facebook
Tue, 10:50

A woman has been arrested on the suspicion of drug-driving and possession of a class A drug after the car she was believed to be driving crashed into a home in Gorleston.

Read more
Mon, 15:48

A teacher is feeling a new woman and enjoying time with her children after she lost more than four stone in 26 weeks.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: 0°C

Show Job Lists

Digital Edition

cover

Enjoy the Great
Yarmouth Mercury

e-edition today

Subscribe

Newsletter Sign Up

Sign up to receive our regular email newsletter