Top 200 unveiled

New research has been published by Bondholder the University of Derby ranking Derby and Derbyshire’s top 200 most successful businesses.

The league table, compiled on behalf of the Derby Telegraph by academics from the university’s Business School, shows the biggest contributors to the region’s economy.

Four Bondholders feature in the top ten, with Bondholder Rolls-Royce topping the table with fellow OEMs Toyota UK and Bombardier close behind. Construction giants Bowmer & Kirkland were placed 8th.

It is the third year that the research, based on turnover, has been published with the aim of lifting the lid on local businesses who are leading from the front and showcasing the world-class businesses in Derby and Derbyshire.

Speaking at the launch event held at the University, John Forkin of Marketing Derby said "This list captures the nature of our vibrant local economy and, as well as including some of the ubiquitous large corporates, it is interesting to see the number of dynamic SMEs in growth.”

To see the full Top 200, sponsored by Bondholder Invictus Communications, click here

Bombardier smashes £1bn mark

Turnover has smashed through the £1bn mark at Derby-headquartered Bombardier Transportation UK, new figures have revealed.

Newly filed accounts for the year to 31 December 2018 show the business achieved a turnover of £1.24bn, up from £834.2m.

A statement signed off by the board said ""The rail market continues to be very resilient despite economic uncertainty and the EU referendum result in June 2016. Order levels in general in the rail industry have continued to be at the high levels seen over the past few years, demonstrating not only the industry is less subject to short-term volatility than other industries but there is an appetite for investment in the industry."

Announcements made in 2018-19 by Bombardier have included: winning a £72m contract to make 27 new trams for Transport for Greater Manchester; the sale of its UK rolling stock electrical component and system production and installation activities in a deal worth about £10.9m; an increased order from Transport for London for five additional trains for the city's Elizabeth line, increasing the contract value to £73m; a new £133m contract to maintain trains for Abellio and Eversholt Rail for the new East Midlands Railway franchise; and a key role in a €4.1bn monorail project in Cairo.

In March 2019 it was announced that an extra 300 jobs are set to be created at Bombardier's Derby plant to help meet its manufacturing demand over the next two years.

Despite its pre-tax profits dipping from £89.7m to £47.3m over the same period, a statement signed off by the board said "Turnover increased and profitability decreased against the prior year due to mix of contracts and impacts of exceptional items but continues to be strong and the company is undertaking a number of key contracts within the UK.

"Bombardier management is continuing its commitment to address costs across the organisation and improve the risk management throughout the execution of the contracts."


EMR £133m contract for Bombardier

Bondholder Bombardier Transportation has announced today that it has signed a new Train Services Agreement (TSA) with Abellio and Eversholt Rail for the new fellow Bondholder East Midlands Railway franchise in the United Kingdom.

Under the new agreement which lasts until December 31, 2022, Bombardier will maintain Bombardier class 222 diesel-electric multiple unit (DEMU) trains at Derby Etches Park depot for use on East Midlands Railway mainline services. The new agreement follows Bombardier’s previous role in maintaining the 125 miles per hour trains for the former East Midlands Trains franchise. The contract is valued at approximately £133 million GBP ($161 million US, €145 million euro).

Phil Hufton, President, Bombardier Transportation UK said, “We are delighted that we have reached agreement with Abellio to maintain the Class 222 fleet for East Midlands Railway’s mainline services. This important contract win is testament to our team at Derby Etches Park and their hard work and professionalism in continually delivering one of the highest performing and most reliable Intercity fleets.”

Steve Timothy, Client Relations Director, Eversholt Rail said, “We are pleased to be working in partnership with Bombardier Transportation to support the delivery of our Class 222 trains for the Sheffield – London mainline service to Abellio East Midlands Railway from 19th August”.

Under the Train Services Agreement, maintenance of the 27-strong fleet of Class 222 trains will take place at Derby Etches Park depot, where 130 staff are employed, with heavy component maintenance taking place at Bombardier Crewe.


Bombardier & Greater Anglia

Testing has begun of the trains being built by Bondholder Bombardier for the Greater Anglia train company to operate into London Liverpool Street.

Bombardier is building 111 trains for Greater Anglia which will run from Essex, Suffolk, Cambridgeshire and Hertfordshire into London and the newly built trains are being put through their paces at 110mph at the Railway Innovation and Development Centre test tract at Old Dalby, Leicestershire.

The acceleration and braking systems of the train are being tested, as well as a number of safety systems. Other tests underway include an extreme sway test, which checks physically how much a train may sway when travelling around curves to check no infrastructure or part of the train is damaged.

Ian McConnell, Greater Anglia franchise and programme director, said: “It’s good to see one of our new Bombardier trains running at full speed on the test track. These trains are going to transform our customers’ experience of rail travel in this region as we replace old trains with brand new state-of-the-art modern trains.”

Andy Derbyshire, UK Chief Operating Officer, Bombardier Transportation said: “This is an exciting time for our Aventra platform and our product for Greater Anglia. We are looking forward to completing the tests and seeing the new trains in passenger service.”

The Bombardier trains will have underfloor heating – a first for UK trains – which will work with an overhead heating and ventilation system to improve passenger comfort and increase foot room for passengers sitting in window seats.

The first of the new Bombardier trains is expected to come into service at the end of this year and all of them should be in service by the end of 2020.


Let’s talk partnership

Let’s talk partnership.

Not the nicey-nicey, process-focused Kumbaya type, but collaboration that makes genuine impact and change.


Marketing Derby is what is called in the business an Investment Promotion Agency (IPA) with a role to promote Derby and Derbyshire in order to attract inward investment.

Every city, region and country has an IPA – I recently received an invite to meet with Invest in Iraq – meaning the world of inward investment is intensely competitive.

Investors can’t go everywhere, but they do like to have options, and, in my experience, their decisions are invariably based on a cocktail of the emotional and rational - perception and reality – plus how they are received and encouraged by a place.

Marketing Derby is itself a collaboration with a unique business model.

Our single largest source of funding is our Bondholders - the 350 companies, large and small, who contribute a fee which drives our activity.

Complementing this is funding from the public sector, including a 12-year relationship with Derby City Council, a new relationship with Derbyshire County Council and the support of D2N2, via ESIF funding.

We recently engaged a company called Conway – world-leading investment consultants based in Atlanta, Georgia – to carry out an independent analysis of our impact. Conway work globally for the likes of Invest in Paris or Invest Toronto meaning they were therefore able to apply their evolved assessment tools to our numbers.

We will be communicating the key conclusions to stakeholders this summer but headlines include the fact that, over the past three years, Marketing Derby has attracted 1,354 jobs and £359m of capital investment, delivering an impact to the city’s GVA of £333m.

Of course, we keep a tag on all our numbers so some of this wasn’t a surprise. What was interesting though was the emphasis Conway made in identifying that key to this success is our business model – that of a trusted, independent, honest broker, sitting between the investor and place, focused on helping to land the investment.

It’s always good to receive third party endorsement which is why we were especially pleased when the Financial Times FDI award was presented to us this year for having the best Digital IPA Strategy in the world, beating both Invest in New York and Hong Kong into second and third place respectively.

Core to our pitch to investors is the strength of the local economy which we promote as being the UK Capital for Innovation.

This is based on a 300-year track record, from being home to the world’s first factory - the UNESCO recognised Derby Silk Mill in 1721 - through to today being the world headquarters of one of the most innovative companies on the planet, Rolls-Royce plc.

Investors like to feel a place is ‘on the up’ which is why items such as last week’s news of Bombardier’s £2.5bn deal to design and build the Cairo monorail system in Derby is so welcome.

Earlier this month we held one of our ubiquitous Marketing Derby Embassy events on the 34th floor of a city of London skyscraper, Broadgate Tower. There, it was interesting to hear investors talk openly about how the rise of the University of Derby in the league tables, now standing at 26th with the Guardian, was a factor in their thinking.

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Some time ago, we created the Invest in Derby Red Carpet, a deceptively simple concept designed to handhold investors through their journey. It starts with our London footprint – where we have an office and Ambassadors’ Club – and continues locally as we strive to ease their investment experience.

No matter how fancy, a red carpet cannot replace a viable business case, but when investors can meet the City Council leadership, one-to-one, at our Embassy in London, it makes a tremendous difference to their experience of place. They begin to feel part of the team.

We are of course focused on bringing investment into Derby and Derbyshire but we are not parochial and so recognise the benefit of regional collaboration.

Marketing Derby helped initiate the incredibly successful Midlands Pavilion at the MIPIM commercial property show, held each March in Cannes. Investors love the fact that we are big enough to see the benefit of working across regions and we have received record enquires at MIPIM as a result.

International platforms will always be one of the main drivers of co-operation and the work we now do in China – Derby being twined with Hefei and Derbyshire with Anhui – is supplemented by midlands-wide collaboration in missions and exhibitions across China.

We believe and practice ‘collaboration with purpose’ and so it’s appropriate to end with a Chinese expression that neatly sums up this approach – ‘many hands make light work’.


Arena Rail Expo

Marketing Derby will be exhibiting at the 2019 Rolling Stock Networking Expo and Conference at Bondholder Derby Arena next week.


Held on Thursday 11th July, the event will provide a major networking platform for suppliers and customers in the rail industry.

Visitors will have the chance to meet over 130 exhibitors, including an international contingent from the USA, Canada, The Netherlands, Spain, Sweden and Italy.

Also at the event will be companies including Bondholder Rail Forum Midlands and Bombardier Hitachi HS2 along with Vivarail, and CAF. Equipment suppliers include LPA Group, FISA, Westermo, Depot Rail and Garrandale. Innovators and engineering companies will also be strongly represented ensuring that the show offers both the dependable services and the exciting innovations needed to transform the passenger and freight industry.

The event is complemented by the conference where an impressive array of eight industry leading speakers will deliver engaging presentations sharing their knowledge, experience and innovative working practices during a series of sessions throughout the day.

Marketing Derby will be at the show to increase profile amongst businesses in the rail industry that are either based in Derby or looking to invest in the city, and is keen to meet with attendees on the day- please visit us at stand A10.

The event is free to attend, and those interested can register here -

Bombardier's Great British bid

Bondholder Bombardier has submitted, with Hitachi Rail, its ‘Great British’ train proposal to High Speed Two (HS2) that would be the most advanced, customer-oriented train ever to run in the UK.

The contract, worth £2.75billion, is to design, build and maintain at least 54 trains for Phase One of HS2.

Bombardier’s President, UK, Phil Hufton said “HS2 is this generation's chance to transform our country. Our Great British train will connect our great cities and improve the journeys of every passenger. HS2’s vision is to be a catalyst for growth across Britain – we are ready to make that happen.”

Hitachi has pioneered Japan’s world-renowned Shinkansen ‘bullet trains’ while Bombardier offers a depth of international experience from its high speed trains operating in Europe and on the world’s largest network in China.

In 2015, the two companies together delivered the Frecciarossa (Red Arrow) ETR1000 for Trenitalia, which is the fastest yet quietest in-service high speed train in Europe. Operating at speeds up to 225 mph, it has transformed passenger experience and connectivity across Italy.

Its success has been recognised by Trenitalia placing a further order in June 2019 for 14 new trains, increasing Frecciarossa (Red Arrow) high speed services across Italy.

Hitachi Rail’s Managing Director, Karen Boswell OBE, said “Hitachi-Bombardier’s Great British train for HS2 would be a shining example of British ingenuity. Our bid, if successful, would bring significant benefits for economies and communities, while truly transforming connectivity and passengers’ experience.”

Alongside London, Birmingham, Manchester and Leeds, HS2 services will also serve destinations beyond the core HS2 network, including York, Newcastle, Liverpool, the North West, Glasgow and Edinburgh.


Bombardier set for Cairo monorail

Bondholder Bombardier Transportation has been named preferred bidder to build and supply a new monorail system in Cairo, Egypt with the rolling stock part of the order to be developed and built in Derby.

The potential value of the bid for Bombardier Transportation is €1.2 billion for the Design & Build Contract. In addition, there is a 15+15 years Operations and Maintenance deal with a potential value of about €1.1 billion.

The project is for the delivery of a 54km monorail system connecting the New Administrative City with East Cairo as well as a second 42km line connecting 6th October City with Giza. Bombardier Transportation will deliver the project in partnership with two Egyptian companies Orascom Construction and the Arab Contractors.

Phil Hufton, managing director of Bombardier Transportation, said the monorail was "a new product line". He said: "It will create a situation where we will probably employ about 100 people on this contract - that includes apprentices as well."

Mr Hufton added that it was "excellent news for Bombardier and for our teams in the UK and in Egypt".

"It shows that the British rail industry is world class and can compete and win in global markets," he said.

International Trade Secretary Liam Fox said: "This is a strategically important project in a growing market like Egypt, demonstrating how UK manufacturing expertise is competing and winning in global markets against tough competition.

"The British rail industry is world class. Derby has been making trains for 180 years, and this project shows that the Derby Litchurch Lane facility remains globally competitive."

This will be the first export of overseas rolling stock from the Derby facility since 2010 when Bombardier built trains for South Africa.

The order award is subject to contract and final confirmation.

Recruitment drive for train maker


Bondholder Bombardier Transportation UK has launched a major recruitment drive to find 300 assembly workers to help them deliver a record number of trains.

It is looking to recruit electrical and mechanical assemblers to work at the Litchurch Lane plant, and has organised an interview day, which is due to take place this weekend, to carry out assessments for those who are interested in the available positions.

In recent years, Bombardier has landed a number of major contracts for its Aventra train - designed, developed and now built in Derby.

They include orders from London Overground, Greater Anglia, South Western and West Midlands. Now, many of these contracts are starting to come on-stream - and Bombardier now needs extra workers to build them.

In other news Bombardier has sold its UK rolling stock electrical component and system production and installation activities in a deal worth about £10.9m.

This transaction is another step in Bombardier’s Transformation Programme and the acquisition extends existing global relationship between Bombardier and Motherson Sumi Systems Ltd.

New MD and Chairman for Bombardier

Bondholder Bombardier Transportation has appointed senior rail executive, Phil Hufton, as its new Managing Director and Chairman of the Board for Bombardier Transportation UK Ltd, effective from October 1, 2018. In addition, Mr. Hufton will become the Head of Projects UK and lead the UK management team.

“We are delighted to welcome Phil Hufton to our Bombardier team,” said Per Allmer, President, Western Europe, Middle East, Africa and South East Asia at Bombardier Transportation. “He is a proven leader with a deep knowledge of the rail industry and extensive experience in delivering complex railway operations, maintenance and renewals. In his new role, Phil Hufton will drive the performance of our UK business, focus on customer satisfaction and strengthen our leadership team.”

Mr. Hufton joins Bombardier from Network Rail where he was Managing Director, England and Wales. Prior to that, he held various senior executive positions with London Underground, including Chief Operating Officer and Asset Performance Director. His career before London Underground included manufacturing and engineering around the world, mainly in the rail industry.

Mr. Hufton succeeds Richard Hunter as Chairman and Managing Director: Mr. Hunter held the role since 2015. In March 2018, Mr. Hunter was appointed as President of Rail Control Solutions and Wayside for Bombardier Transportation worldwide. After handover, Mr. Hunter will be dedicated to this global role.

Bombardier and Hitachi team up

Bondholder and Derby-based manufacturing giant Bombardier is working with Hitachi Rail on a joint bid to build a fleet of 225mph HS2 trains.

Bombardier Transportation will tender for the £2.75bn contract in partnership with Hitachi.  

The companies had previously put forward separate bids to build and maintain the 54-train fleet which will be used on the first HS2 phase between London and Birmingham.

If the joint venture is chosen by the government, the trains would be built in Bombardier’s Derby plant and Hitachi’s base in County Durham.

Richard Hunter, Bombardier’s UK managing director said “By joining together in partnership with Hitachi we will combine both companies' global high-speed expertise with unrivalled British experience.”

It is expected that the tendering process will start later this year, with the contract awarded in late 2019.

Alstom Transport, Patentes Talgo, Siemens and CAF have also been shortlisted.

Bombardier win £73m deal

Bombardier Wins Multi-billion Pound Contract

The deal with Transport for London (TfL), worth £73 million, will see bondholder Bombardier Transportation build five additional trains for services on London’s Elizabeth line increasing the total order to 70 trains.  

The agreement also includes an expansion to the existing Train Services Agreement to cover the new trains.

The additional BOMBARDIER AVENTRA trains will have 9 carriages which will boost the capacity to the central section of the new Elizabeth line service and an extension to Reading and Heathrow Terminal 5.  

Each train will carry up to 1,500 passengers, include air-conditioning, interconnecting walk-through carriages, and have been designed with an emphasis on energy-efficiency and intelligent on-train energy management systems.

These extra cars will be added to the 585 cars already in production in Derby for the Elizabeth line and are scheduled to enter service by the end of 2019.

Mark Wild, TfL’s Managing Director for London Underground and the Elizabeth line, said: “The opening of the Elizabeth line in December will redefine transport in London with journeys made easier and trains passing through brand new tunnels beneath central London to new, accessible stations. The additional trains will allow us to serve all the terminals at Heathrow and provide an increased frequency when the line is fully open in December 2019.”

Richard Hunter, Managing Director, Bombardier Transportation UK said, “The Elizabeth line is set to transform transport in London with quicker, easier and more accessible journeys, and we are proud to be playing our part. This important additional order is an endorsement of our workforce and the quality of the products we design, engineer, manufacture and service in the UK.”

Jointly sponsored by the Department for Transport (DfT) and TfL, the Elizabeth line is the largest infrastructure project of its kind in Europe and is now in its final stages. When complete, London’s new railway will carry over 200 million passengers per year and add 10 percent to central London’s rail capacity.


Bombardier Secure £647m Contracts

Bondholder Bombardier has secured a £647m contracts, including a £542m deal with Corelink Rail Infrastructure to build and maintain 333 train carriages for the new West Midlands Trains franchise. 

Bombardier will supply its new Aventra vehicles, and will also provide maintenance and support services.

Today, the company has also announced a £105m deal with Derby based Porterbrook to supply 60 electric trains.

Richard Hunter, UK managing director at Bombardier Transportation, said: “Our modern Aventra trains will be built in the Midlands for the Midlands, and will transform the travel experience for passengers on the new West Midlands Trains franchise by delivering more reliability, shorter journey times, and an exceptional travel experience through enhanced interior design.

“This important contract win again demonstrates Bombardier is the first choice when it comes to delivering high quality, integrated transportation products and services, and value-adding long-term solutions for our customers.

“It’s another huge endorsement of our workforce and the quality of the products we design, engineer and manufacture in the UK.”

Bombardier Shortlisted for HS2 Contract

Bondholder Bombardier has been shortlisted for a £2.75bn contract to supply trains for High Speed 2.

The firm is one of five companies that has been invited to tender for the contract.

The contract will cover design, build and maintenance of the trains.

A Bombardier spokesperson said: “We are delighted to have pre-qualified for the contract to supply the new trains for High Speed 2.

"Bombardier has the unique capability to design, develop, build and maintain trains in Britain, so we are very excited by the chance to be part of this transformational project to transport 300,000 passengers a day on Britain’s new high speed rail network and the existing railway.”

All five bidders will now be invited to tender in spring 2018, with contracts awarded in 2019.

Chris Rayner, HS2 Ltd managing director of railway operations, said: “It’s great to see such a strong line-up of experienced high-tech manufacturing and design talent.

“Together with the successful bidder, HS2 will deliver some of the world’s most advanced rolling stock, engineered to provide seamless, accessible, fast and reliable journeys."

State of the Economy Conference 2017


Bondholder East Midlands Chamber is hosting its annual State of the Economy Conference at fellow Bondholder Rolls-Royce next month. 

Bringing together business leaders from across the East Midlands, this is the only conference that focuses on the economic performance and prospects for the region.

Through a series of keynote speakers and expert panels, the conference will examine the latest research and projections for the regional and national economy following the UK's landmark decision to leave the European Union.

Speakers include:

For more information, or to book your place, please click here

Bombardier Wins £680m Contract

Bombardier has won a share of a £680 million deal to supply trains for the new West Midlands rail franchise.

The firm will manufacture 333 electric carriages for West Midlands Trains – a consortium made up of Dutch national operator Abellio, the East Japan Railway Company and Mitsui and Co.

Bombardier will be working alongside Spanish firm CAF, who have been selected to make 80 diesel carriages for the franchise.

Dominic Booth, managing director of Abellio UK, said: “We are delighted to award this work to Bombardier and CAF, which means we are now overseeing £3bn of investment into 1,700 new carriages across all our franchises.

“It is great news that so many of these trains will be produced in the UK. As a company, we are committed to working with the government to strengthen the British economy and deliver thousands of high-quality jobs over the coming years.”

The model of train it will be supplying to West Midlands Trains will be the Aventra.

Richard Hunter, UK managing director at Bombardier Transportation, said: “Being selected for this important order is another huge endorsement of our workforce and the quality of the products we design, engineer and manufacture here in the UK.

“Our modern Aventra trains will be built in the Midlands for the Midlands, and provide passengers with greater connectivity, reliability and shorter journey times.” 

Working with Autism

Bondholder Rolls-Royce has worked alongside Autism East Midlands to host a Working With Autism networking event at the Learning and Development Centre. 

The networking event allowed invited guests including local policy makers, business leaders and key individuals including Cllr John Whitby (The Right Worshipful Mayor of the City of Derby) Annie Hall (High Sherriff of Derbyshire) Heather Wheeler MP (Member of Parliament South Derbyshire) Cllr Nicola Roulstone (Representing Pauline Latham MP).

The event also included representatives from Bondholders BombardierDerby College, GeldardsLoatesHR, Pattonair, and Smith Cooper.

The event focused on the overarching point “What can we do but more importantly what can we do differently?” when supporting autism in the workplace. 

Jane Howson, Autism East Midlands Chief Executive, said: "The employment rate for people with autism has not changed in the last decade and remains extremely low, with only 16% of autistic adults in full-time work.

"However, we know that with the right support and simple, low-cost adjustments to their environments many more autistic people could thrive in the workplace.  

"This event will show, through our partners’ experience, how we can help local businesses to embrace a more diverse workforce, celebrate their employees’ individuality and reap the rewards of doing so."

£112.1m Win for Bombardier

Bondholder Bombardier has been awarded a contract worth £112.1 million, to supply new motors and traction control equipment for London Underground's fleet of Central line trains.

The train maker will provide parts for 85 eight-car Central line trains. 

Richard Hunter, Managing Director of Bombardier Transportation UK, said: "This important contract win is testament to the significant improvements in energy consumption, reliability and performance of our Bombardier MITRAC systems.

"Bombardier has a long history of working with London Underground, and we continue to provide cutting-edge technology across the tube network, playing a vital role in keeping London moving."

Mark Wild, Managing DIrector of London Underground, added: "Installing new motors is one of the most important parts of this work, and will mean we can deliver a more reliable service to our customers, which in turn will boost capacity."

Trinity's UK Tech List

Trinity Mirror has compiled a list of 35 companies that showcase the best of UK tech and innovation, and a number of Bondholders have made the cut. 

The Prime Minister has recently dubbed the technology industry as a "great British success story", with the sector attracting £28bn worth of investment since 2011. 

Bondholders listed included Bombardier, epm:technology, Rolls-Royce and Toyota Motor Manufacturing UK.

John Forkin, Managing Director of Marketing Derby, said: "Derby has a rich history as the UK Capital for Innovation - the birthplace of the industrial revolution. This tradition is now being carried on by many of our Bondholders."



£900 Million Contract for Bombardier

Bondholder Bombardier has landed a contract with South West Trains worth almost £900 million.

First Group/MTR, the new franchisee of South West Trains, announced that it had selected Bombardier to supply 750 carriages. The deal, worth £895 million, is the third largest contract the Derby firm has won since 2014, and represents the largest ever single Aventra train order.

First Group/MTR has also chosen Bombardier to maintain its trains throughout the duration of its seven-year franchise, which starts in August.

Richard Hunter, UK managing director at Bombardier Transportation, said that the contract "demonstrates further confidence placed in this market-leading rolling stock, designed and built in Britain.

"Aventra offers enhanced performance and increased passenger capacity, which will play an important part in helping First/MTR satisfy continued levels of passenger growth on the South Western network. The contract builds upon our strong credentials, following the selection of Aventra for Crossrail, as well as for the East Anglia franchise. We look forward to deepening our collaborative relationship with First/MTR."