West Gate Plaza: retail business opportunity in West Bromwich

A ground floor commercial property has come up for sale at the popular West Gate Plaza in West Bromwich.

Commercial property agent Bond Wolfe is inviting offers based on £695,000 for the long leasehold on the retail property in West Gate Plaza.

The property is an investment opportunity in a popular retail parade, with residential accommodation above. It is situated on the ground floor opposite the police station at 4 Moor Street, West Bromwich.

The 939 square feet property is let to a regional pharmacy for 25 years from July 2007 at a passing rent of £54,120 per annum. This reflects a net initial yield of 7.4 per cent after usual purchaser’s costs.

Next to the Lyng Medical Practice, its appeal is enhanced by being surrounded by residential properties. It is also conveniently located a short walk from both the tram and bus station.

For more details, visit the Bond Wolfe website, email jmattin@bondwolfe.com or call James Mattin on 0121 525 0600.

‘Made in the UK, Sold to the World’ Awards entries open in November

The Department for Business and Trade’s 2024 ‘Made in the UK, Sold to the World’ Awards will open for entries on Friday 10 November. 

The Made in the UK, Sold to the World Awards recognise and celebrate the global trading success of SMEs from across the UK.

The opening entry date for the awards is Friday 10 November, during this year’s International Trade Week (6 to 13 November 2023).

Award categories

There are ten award categories and this year’s categories are: 

  • Agriculture, food and drink 
  • Consultancy and professional services 
  • Creative industries
  • Education and edtech 
  • Financial services and fintech
  • Healthcare 
  • Infrastructure and engineering 
  • Low carbon energy 
  • Manufacturing, advanced manufacturing and construction 
  • Retail and consumer goods.

There will be one winner from each category and up to three highly commended businesses.

To find out more about the awards and read about 2023’s winners visit the Made in The UK, Sold to the World website.

Entries for the 2024 awards close on Sunday 14 January 2024.

Four workshops in AI innovation: how to sign up

Digital Catapult is holding a series of AI innovation workshops between October 2023 and January 2024. The workshops are designed to empower AI developers and adopters within the agriculture, creative, transport and construction sectors.

The AI innovation workshops will encourage collaboration, explore responsible innovation, dive into data excellence, and uncover investment opportunities for AI-driven start-ups. There are four workshops in the series, each focusing on a different element of AI innovation.

What is Digital Catapult?

Digital Catapult is a UK authority on advanced digital technology. It is dedicated to accelerating industry adoption and driving growth and opportunity across the economy. It is part of the Catapult Network, a network of leading technology and innovation centres established by Innovate UK.

Its goal is to accelerate new possibilities for businesses. To achieve this it aims to break down barriers, open up markets and responsibly shape the products and services of the future.

Workshop 1

Cultivating synergy: strategies for effective AI startup – industry partnerships

When: Friday 20 October or Wednesday 29 November, 9.30am – 4pm 

Where: Digital Catapult Offices, London

About the event

This workshop looks at partnership value and co-creation, addressing barriers that hinder collaboration. The aim is to help bridge AI capabilities and industry needs. There will be interactive activities offering insights into sustainable growth through partnerships. 

Attendees can explore how startups’ innovations meet industry players’ demands, shedding light on AI’s dynamic interplay between supply and demand.

Who should attend?

  • AI Developers: Startups, micro and small enterprises with AI-relevant products or services. Those seeking to enhance their understanding of collaboration with industry end users and interested in establishing potential new partnerships
  • AI Adopters: Medium and large organisations (industry end users) looking to integrate AI solutions into their operations, collaborate with startups, micro and small enterprises, and explore innovative solutions and partnerships to enhance the company’s offerings.

What you’ll gain

  • Leverage industry expertise while connecting with agile partners to spark innovative collaborations.
  • Explore a variety of partnership models aligned with your growth objectives, ensuring the perfect fit for your strategy.
  • Acquire practical strategies for overcoming technical and business challenges, from regulatory compliance to scalability.

Workshop 2

Minimum viable ethics: An introduction to responsible innovation

When: Wednesday 4 October or Tuesday 16 January, 1pm – 3.30pm 

Where: Digital Catapult Offices, London

About the event

This two hour workshop will explore the risks associated with AI. It will uncover responsible innovation solutions through creative and hands-on exercises.

The aim is to empower attendees with the knowledge and tools to make strides in maximising the benefits of socio-technical systems. It will provide an opportunity to grasp the fundamentals of AI risks and responsible innovation in a creative and interactive environment.

Who should attend

  • AI Developers: Startups, micro and small enterprises with AI-relevant products or services. Those seeking to enhance their understanding of collaboration with industry end users and interested in establishing potential new partnerships
  • AI Adopters: Medium and large organisations (industry end users) looking to integrate AI solutions into their operations, collaborate with startups, micro and small enterprises, and explore innovative solutions and partnerships to enhance the company’s offerings.

What you’ll gain

  • Grasp the significance of responsible innovation in today’s fast-paced digital landscape
  • Develop the ability to systematically identify and address the pertinent risks associated with responsible innovation
  • Ensure your projects are both ethically sound and effective
  • Acquire an introduction to the world of Responsible Innovation interventions and solutions – equipping yourself with actionable knowledge that can positively impact your AI-driven initiatives.

Workshop 3

Digital transformation: Data excellence and data ethics 

When: Wednesday 4 October or Tuesday 16 January, 9am – 12.30pm 

Where: Digital Catapult Offices, London

About the event

This workshop focuses on digital transformation, data maturity and readiness. It looks at how to adopt AI in the right way.

The session will explore the potential of AI, its advantages, and the hurdles faced in its adoption. It will answer questions such as: 

  • What is digital transformation?
  • Why do most AI projects fail?
  • What are the right steps towards AI adoption?

The session will include interactive discussions and activities. It will explore how data-driven technologies can augment products or services and identify the data readiness and maturity levels needed to achieve data excellence.

Who should attend?

  • AI Developers: Startups, micro and small enterprises with AI-relevant products or services. Those seeking to enhance their understanding of collaboration with industry end users and interested in establishing potential new partnerships
  • AI Adopters: Medium and large organisations (industry end users) looking to integrate AI solutions into their operations, collaborate with startups, micro and small enterprises, and explore innovative solutions and partnerships to enhance the company’s offerings.

What you’ll gain

  • Immerse yourself in an engaging and practical workshop environment that encourages active participation, making the learning experience dynamic and enjoyable
  • Acquire access to a comprehensive approach for successful AI adoption that spans across digital transformation, data excellence and ethical considerations
  • Join a vibrant community of fellow AI adopters and developers. Foster networking opportunities and connections that extend beyond the workshop to enrich your professional journey.

Workshop 4

Fundraising for AI driven startups 

When: Thursday 26 October or Tuesday 21 November, 2pm – 5pm 

Where: Digital Catapult Offices, London

About the event

This workshop will explore the fundraising landscape for AI-driven companies. It will cover relevant funding opportunities in the UK and beyond, as well as looking at key considerations to weigh up when selecting the best investment option for your business.

The aim of this workshop is to provide businesses with the tools to confidently approach fundraising activities. It will provide top tips for approaching a fundraising process and pitfalls to avoid.

Who should attend?

This workshop welcomes participation from early stage AI-driven SMEs, founders and startup operators within the agriculture, creative, transport and construction sectors who are thinking about selecting the right funding growth engine for their business.

What you’ll gain

  • Develop the skills and knowledge needed to confidently approach fundraising activities 
  • Gain a clear understanding of which funding route aligns best with your company’s goals
  • Gain valuable insights into the investment landscape and dynamics of the AI market 
  • Explore the pros and cons of various investment routes. Gain the knowledge to weigh the benefits and drawbacks which enable you to make strategic choices that best suit your business growth aspirations.