Logistics company Clipper Logistics has been offered financial support by Newark and Sherwood District Council of £1,000 for each new employee it takes on. The company is also finalising a major new contract that would enable it to build a 150,000sq ft extension to its premises, almost doubling its size and employing upto 100 new staff.

Self storage business Big Yellow Group has secured a new 15-year £100m loan facility with Aviva Commercial Finance. The loan, which is secured on a portfolio of 15 of its self storage centres, will be used to repay and cancel £100m of its core bank debt facility of £225m. This facility expires in September 2013. The business has also completed the sale of its site in Blackheath to Hexagon Housing Association for £4.5m and has exchanged contracts on the sale of a one-acre site next to its Chiswick store. John Trotman is Chief Financial Officer.