ITM Power raises revenue outlook as cash position strengthens

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Green hydrogen equipment maker ITM Power has raised its full-year revenue forecast, citing the recognition of revenues tied to completed contractual obligations. The revised outlook now sits between £25.5 million and £26.5 million, up from the previously stated range of £18 million to £22 million.

The Sheffield-based firm, which produces electrolysers used to generate hydrogen from renewable electricity, has also upgraded its cash position guidance. It now expects year-end net cash of £204 million to £205 million. This follows a stronger-than-expected second half, outpacing earlier forecasts issued in both August 2024 (£160 million–£175 million) and January 2025 (£185 million–£195 million).

Despite the improved top-line and cash performance, ITM Power still anticipates an adjusted EBITDA loss of between £32 million and £36 million for the financial year.

Shares in the AIM-listed company surged by more than 20% in early trading before settling around 9% higher by mid-morning. However, the stock remains down 38% over the past year.

Quickline and C4DI partner to accelerate digital transformation in rural businesses

Rural broadband provider Quickline has partnered with the Centre for Digital Innovation (C4DI) to support digital transformation among small businesses and entrepreneurs across East Yorkshire and Lincolnshire.

The three-year initiative is designed to help 60 rural enterprises adopt digital tools and technologies. It forms part of Quickline’s social value contribution to the UK government’s Project Gigabit programme.

The partnership will deliver a series of innovation days, training sessions, mentoring, and workshops tailored to the specific needs of rural businesses. The goal is to enhance digital capability, drive innovation, and create new growth opportunities outside urban centres.

C4DI will lead programme delivery, offering access to its network of experts and support infrastructure, while Quickline provides the digital connectivity and strategic backing necessary to enable long-term adoption.

Yorkshire and the Humber sets the benchmark for employee work-life balance

New workforce data reveals that Yorkshire and the Humber has the lowest proportion of employees regularly working beyond contracted hours, positioning the region as a leader in sustainable employment practices.

Only 36% of workers in the region report working additional hours, well below the UK average of 42%. This contrasts with Northern Ireland, where 48% of employees regularly work overtime, indicating a heavier workload culture.

The findings, based on research by recruitment firm Reed, highlight a broader issue: across the UK, many workers are clocking extra hours due to job demands and unmanageable workloads. However, compensation remains inconsistent. In Yorkshire and the Humber, less than a third of those working overtime are paid for it, and 40% receive no compensation at all.

The region also faces a mixed picture on wage satisfaction. Half of workers are happy with their current pay, while the other half cite stagnant wages and low-paying sectors as reasons for dissatisfaction.

The research, drawn from over 21 million job ads and a survey of 5,000 workers, offers a window into current pressures on workforce wellbeing, job design, and compensation.

Sheffield recycling site expansion recommended despite local objections

A proposal to expand an industrial recycling site in Sheffield has been recommended for approval by the city’s planning committee, despite opposition from residents and local politicians. The application, submitted by Blue Phoenix UK, seeks to extend the aggregate recycling facility at Beeley Wood Recycling Village, located on Beeley Wood Lane, Middlewood.

The planned extension involves a 3.5-hectare land parcel at the north-western end of the Claywheels Lane industrial estate. The proposal includes the construction of a new processing building, as well as an increase in operating hours, waste processing capacity, and stockpile heights.

The planning and development committee at Sheffield City Council is set to decide on the application next week (April 29). The proposed expansion has raised concerns among local residents regarding its potential environmental and logistical impact.

UK tourism misses pre-COVID spending as policy decisions draw criticism

UK tourism spending by international visitors remained £2.2 billion below pre-pandemic levels in 2024, according to new data from the World Travel and Tourism Council and Oxford Economics. The total spend reached £40.3 billion—5.3% less than in 2019—despite the sector contributing £286 billion to the wider economy and supporting over 4 million jobs.

Industry analysis links the lag to recent government policy choices, including the introduction of digital travel permits, the removal of VAT-free shopping for tourists, and higher air passenger duty. These measures are seen as reducing the UK’s competitiveness compared to other European destinations, where recovery to pre-COVID levels has largely been achieved.

There is also concern over reduced investment in tourism promotion, particularly a cut of over 40% to VisitBritain’s budget. With tourism representing around 10% of GDP, stakeholders argue that the sector is being deprioritised despite its potential to drive regional economic growth and private-sector employment.

The government has announced a new visitor economy strategy for later this year, targeting 50 million international visitors annually by 2030. The sector awaits further details on how fiscal and regulatory changes will align with that ambition.

Cemetery Road site approved for major commercial development in Bradford

Plans for a major redevelopment of the former Rentokil site on Cemetery Road in Bradford have been approved, paving the way for a mixed-use commercial scheme targeted at business and industrial occupiers.

The project, proposed by ISA Industrial Park Ltd, includes eight industrial or business units, three drive-thru restaurant or café spaces, an electric vehicle charging and filling station, and an associated convenience store. The site has been vacant for over a decade.

While end-users have not been confirmed, the developer has indicated that there is interest from several national brands across food service and electric vehicle (EV) infrastructure. The location’s proximity to Bradford’s Outer Ring Road was cited as key to the site’s commercial viability, particularly for the drive-thru elements and the volume of vehicle traffic required.

Bradford Council granted planning permission despite objections from the public health department regarding the inclusion of multiple drive-thru units close to a nearby school. Planners classified the proposed units as restaurants with drive-thru facilities rather than takeaways, aligning with existing local policy.

The development team also addressed concerns over HGV access by committing to several highway upgrades. These include widening Northside Road, installing new signal controls at a key junction, and removing an existing pedestrian crossing to improve traffic flow.

To meet biodiversity obligations, the developer will introduce on-site landscaping, install a green roof on one building, and contribute £416,500 towards wildlife enhancement projects elsewhere in the district.

Yorkshire affordable house builder appoints new QS to support growth

Yorkshire affordable house builder Adderstone Living has appointed a new quantity surveyor as it continues to invest in developing client services and expanding its operations.

Jordan Priest will be involved with QS work and procurement management on developments throughout the Yorkshire region, including current new build projects for social housing provider Karbon Homes in East Cowton and Swinton.

Liaising with customers, subcontractors and material suppliers will be among key tasks as Jordan, who brings over 10 years’ industry experience and expertise to the roleand the regional management team develop the Adderstone Living brand across the county, securing the company’s position as the developer of choice for both social housing providers and the supply chain.

Jordan’s appointment follows the recent opening of Adderstone Living’s Yorkshire regional office in Carrwood Park on the outskirts of Leeds, where he will be based

Currently employing 40 people, the company is investing in skills and talent to meet strong demand from local authorities and housing associations for its ‘land-led’ solutions. These include sourcing suitable land, scheme design and securing planning permission to enable quality homes to be delivered.

Regional director Rick Long said Adderstone Living is ramping up its operations, continuing to expand into Yorkshire, where strong demand for good quality affordable housing is delivering growth.

He said: “This is a further key appointment for our busy Yorkshire operations. We have a strong pipeline of work, which we see as key to attracting the best talent. Jordan’s appointment represents a positive move as we invest in resources to meet the demand going forward from our expanding client base.”

Jordan Priest added: “The opportunity to engage in the many exciting projects and play a key role in developing business was very attractive. I’m really looking forward to collaborating with the team to drive these schemes to completion.”

Former Bradford Audi dealership site listed for £6 million

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A commercial property in Bradford, formerly home to an Audi dealership, is now on the market for £6 million. The 4.76-acre freehold site, located on Canal Road, includes a 29,420 sq ft showroom and workshop, plus a separate one-acre parcel of development land.

The site ceased operations in December 2023 after over 15 years of dealership activity. It has since remained vacant and is currently secured with fencing and access restrictions.

The listing, managed by Latitude Real Estate, offers the full property for £6 million—£5.5 million for the main dealership premises and £500,000 for the development land. While preference is for a single buyer, Latitude has indicated willingness to consider separate transactions.

The main facility includes first-floor offices, staff amenities, and over 300 parking spaces, including secure workshop bays and customer areas. Initially constructed in 2005, the property is being marketed as a well-maintained, high-profile site with strong access links and significant daily traffic exposure (circa 25,000 vehicle movements).

Planning permission remains in place for its current use, and prospective buyers seeking to repurpose the site are advised to consult with Bradford Council. This property may be of particular interest to B2B buyers in the automotive, logistics, or property development sectors.

New discount store to open in former bank building in Thirsk

Plans for a new discount store in a former Barclays Bank building in Thirsk, North Yorkshire, have been approved, despite concerns over its impact on the local conservation area. The Yorkshire Trading Company will open a branch in the building located at Market Place, with a 5,860 sq ft extension added at the rear and two flats to be constructed on the first floor.

The proposal faced objections from planning officers, who raised concerns about the potential harm to the conservation area and the effect on a nearby residential property. Historic England also expressed reservations about the project. However, Thirsk Town Council supported the redevelopment, citing its potential to revitalise the site and provide much-needed housing.

Local leaders, including North Yorkshire Council’s deputy leader, highlighted the benefits of the development, including job creation and preventing the building from deteriorating further. Modifications to the original plans were made following feedback from a previous planning meeting.

Councillors voted in favour of the project, with some believing the economic benefits would outweigh the potential impact on the conservation area.

VPI pushes for government support on Humber CCS project

Energy company VPI is seeking government backing for a £1.5 billion carbon capture and storage (CCS) project at its Immingham power station, aiming to decarbonise one of the UK’s most emissions-heavy industrial regions.

The proposal involves retrofitting the existing gas-fired facility with carbon capture and storage (CCS) infrastructure, enabling captured carbon to be transported via a short onshore pipeline and stored under the North Sea using existing offshore assets. This approach avoids the need for new-build power generation, reducing capital outlay and timelines.

The project would serve as a key part of the wider Viking CCS network and is expected to create 1,500 jobs during construction. In the longer term, it supports regional decarbonisation and positions the Humber as a hub for carbon imports, with government projections suggesting potential tax revenues of up to £30 billion by 2050.

VPI is requesting official designation as the anchor emitter for Viking CCS in the upcoming Comprehensive Spending Review—an essential step to secure investment and move to delivery.

For industrial operators, the network would offer shared CCS infrastructure and lower barriers to compliance with emissions. The project is pitched as a strategic opportunity to clean up heavy industry, unlock private capital, and drive regional economic growth through low-carbon infrastructure.

Major Lincolnshire reservoir project eyes 2031 construction start

Anglian Water plans to build a major reservoir in Lincolnshire, with construction potentially beginning in 2031, pending regulatory approval. The proposed site is located south of Sleaford, near the villages of Scredington and Burton Pedwardine.

The project aims to secure long-term water supply for approximately 750,000 homes across the region. If approved, it would result in the flooding of around five square kilometres of land and the loss of at least 15 homes and farms.

Initial survey work is set to begin shortly, although Anglian Water has clarified that this does not mark the start of construction. The utility provider is continuing to develop its plans to submit a formal application in 2028 through the development consent order process.

The proposal has received political support, including from Chancellor Rachel Reeves, signaling broader government interest in strengthening the UK’s water infrastructure. For B2B stakeholders, the project represents a significant opportunity across construction, engineering, environmental consultancy, and utility supply chains.

Sheffield Forgemasters expands 2025 recruitment

Sheffield Forgemasters has expanded its drive to recruit 21 apprentices for 2025, with an additional six employment opportunities up for grabs.

The expansion is the second of two tranches of recruitment for 2025, as the company drives forward a £900 million investment to build a new 13,000 tonne Forging Line and a 30,000 m2, state-of-the-art machining facility.

Successful applicants will join the Ministry of Defence (MoD) owned company to participate in an award-winning apprenticeship scheme to build skills for the future.

Emily Baldwin, People Development Advisor – Early Careers at Sheffield Forgemasters, said: “This year’s early careers vacancies have been unique and we are able to offer some new opportunities.

These include a trainee Shot Blaster, and an Apprentice Welder in our Foundry department, which both close for applications on 27 April.

We are also going to be expanding our graduate programme with two more roles, one in Continuous Improvement, and the other in Finance.

Further to these, a Sales Degree Apprenticeship will also be going live in the next few weeks.

We have had an amazing up take so far for our apprenticeship and trainee positions and we urge any prospective applicants for the new positions to keep an eye on our careers page and apply as soon as they are able.”

Sheffield Forgemasters specialises in the design and manufacture of high integrity forgings and castings offering end-to-end manufacture and steel production from a single site in the UK.

Global markets served include Defence, Marine, Civil Nuclear, Steel Processing, Offshore, Renewables, Power Generation, High Pressure Reactors and Steel Plant.

WorkWell targets York in regional office space expansion

WorkWell, a Leeds-based flexible workspace provider, has outlined plans to open ten new sites over the next decade, with York named among its key target locations.

The company, which already operates two centres in Leeds and recently launched a flagship site in Harrogate, is focusing its growth strategy on major regional cities, including Manchester, Edinburgh, Birmingham, and further expansion within Leeds.

Though no specific York location has been secured, the city is seeing a rise in demand for high-quality office space. Recent developments include new sites by Patch and Wizu Workspace in the Skeldergate area, reflecting broader momentum in York’s office market. Local developer Helmsley Group has also reported increased interest in commercial property across the city.

WorkWell’s growth strategy includes a mix of owned and leased sites, with a preference for ownership to retain long-term control of its workspaces. The company’s operating model centres on delivering premium, flexible offices that support wellbeing and hybrid working, primarily serving professional services firms.

In addition to traditional corporate clients, WorkWell recently acquired Aire Street Workshops in Leeds, a heritage building that hosts around 30 creative businesses. The space will continue to serve this niche under the company’s management.

Since its founding in East Leeds in 2007, WorkWell has expanded to support 800 office users monthly. The business continues to operate with a self-funded model supported by bank lending, focusing on delivering a consistent, high-end workplace experience across its sites.

Redevelopment of Scarborough shopping centre set to begin this autumn

Scarborough’s Brunswick shopping centre will begin transforming into a leisure and entertainment complex called Square One (SQ1) this autumn, and completion is expected by spring 2027.

Scarborough Group International (SGI) is leading the project, which is finalising the design and technical phases ahead of construction. SQ1 will feature a flagship ODEON Luxe cinema alongside a mix of food and leisure operators and aim to enhance connectivity between the town centre and the seafront.

The redevelopment will retain active high-street frontage and is intended to stimulate wider investment in the town. SGI is currently in advanced negotiations with several commercial tenants and will confirm additional occupiers in the coming months.

The scheme is being developed in collaboration with North Yorkshire Council and other public sector bodies. Its long-term strategy is to support economic and social regeneration in Scarborough.

Frontier Software showcases at HR Technologies UK 2025

Frontier Software is proud to be part of HR Technologies UK, taking place at ExCel London on 23rd – 24th April 2025. As the UK’s only event dedicated solely to workplace technology, HR Technologies UK brings together over 60 leading suppliers under one roof. It’s the perfect opportunity for HR professionals to explore cutting-edge solutions designed to drive efficiency and support strategic business goals. The event features a packed agenda with panel discussions, keynote presentations, roundtables, and networking sessions. Attendees can also choose from 40+ free seminars held in dedicated theatres, where industry experts and tech innovators share valuable insights and practical advice. Today’s HR landscape has evolved far beyond its administrative roots. HR professionals now play a critical role in shaping and executing business strategy—driving innovation, fostering culture, and enabling organisations to thrive in an increasingly complex world. With over 40 years of experience, Frontier Software is a trusted partner to HR teams, delivering flexible and powerful software solutions that keep pace with the ever-changing needs of modern organisations. A fully integrated suite of HR and payroll modules offers highly configurable automation tools, designed to deliver seamless employee interactions and support strategic alignment across the business. Real-time data enables quick, informed decision-making, while a ChatHR feature makes it easy for employees to engage with the HR system using simple, conversational interactions. Whether you’re looking for a comprehensive cloud-based HR and/or payroll solution or outsourced payroll processing, Frontier Software has the experience and technology to support organisations of all sizes, from all sectors. Visit stand DD25 at HR Technologies UK to discover how Frontier Software can help power your HR transformation.

New industrial park brings 185-job boost to South Yorkshire

Construction has begun on a £12 million industrial development in Barnsley. The development aims to support growing local businesses and attract new investment to the area.

Named Kestrel Park, the project will deliver over 77,000 sq ft of industrial and trade space across seven units ranging from 3,000 to 21,500 sq ft. It is located near Hoyland, just off Junction 36 of the M1, offering strong regional connectivity.

The site is being delivered by Carnell Management Services (CMS), with support from Barnsley Council’s Property Investment Fund and £3 million from the South Yorkshire Jessica Fund, part of the South Yorkshire Mayoral Combined Authority. It also sits within the South Yorkshire Investment Zone.

Contractor BDB Design Build is leading the construction. All units are set to meet BREEAM ‘Very Good’ sustainability standards. Features will include solar panels, EV charging stations, LED lighting, cycle parking, and fully fitted offices.

Once complete, the scheme is expected to create around 185 jobs and provide much-needed industrial space for expanding SMEs and new entrants to the Barnsley market.

Green skills training centre expansion receives approval

Plans to expand a green skills training centre in North East Lincolnshire have been approved. The development will enhance the region’s ability to meet the UK’s net-zero infrastructure needs. Located at the Catch site in Stallingborough, the expansion will introduce an industrial decarbonisation centre alongside a renewable energy training facility.

The two new facilities, expected to open by 2026, are designed to address the increasing demand for skilled workers in the green energy sector. The renewable energy centre will feature classrooms and specialised workshops for practical training, while the decarbonisation centre will provide lecture theatres and office spaces to support educational activities.

The Catch organisation began its apprenticeships programme in 2021 and aims to train 1,000 apprentices annually by 2030. Key partners such as Associated British Ports and Humber Freeport support the initiative. The development is part of a broader push to equip the workforce with the skills needed to support the decarbonisation of the Humber region’s industrial base.

This project aligns with the government’s commitment to invest in green skills training, fostering new jobs in clean energy sectors across key regions, including North East Lincolnshire, Aberdeen, Cheshire, and Pembrokeshire. The new facilities are critical in supporting the transition to a net-zero economy.

HyperFinity secures fresh funding to scale AI retail solutions

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Leeds-based data analytics firm HyperFinity has raised a seven-figure investment round to accelerate its expansion in the retail sector. The funding includes contributions from Finance Yorkshire and River Capital’s fund:AI, alongside existing investor Snowflake.

The new capital will strengthen HyperFinity’s sales and marketing operations and further develop its AI-driven product suite. The company focuses on helping retailers use data analytics to make decisions about pricing, loyalty, and customer engagement.

Founded in 2019, HyperFinity has grown its client portfolio to include major retailers such as Asda, Costa Coffee, Card Factory and Toolstation. The latest funding round positions the business to deepen its footprint in the decision intelligence space, as retailers increasingly invest in AI to improve commercial outcomes.

Barnett Group takes majority stake in £325m UK furniture manufacturer

W&R Barnett has acquired a majority shareholding in Symphony Group, one of the UK’s largest producers of fitted kitchen, bedroom and bathroom furniture. The transaction amount was not disclosed.

Symphony, which operates under brands including Laura Ashley Fitted Furniture, Gallery, Linear, Koncept, and Urbano, recorded revenues exceeding £325 million in 2024. It serves B2B clients including private developers, social housing providers, merchants and independent retailers. The company employs over 1,800 staff across four manufacturing sites in Yorkshire and Nottinghamshire.

This move marks a strategic investment by W&R Barnett, a fourth-generation Northern Ireland-based business with a global portfolio in commodity trading and industrial sectors. The investment aligns with Barnett’s focus on acquiring and scaling operationally sound businesses with established workforces.

The Gregory family, previous majority owners of Symphony, will retain a substantial minority stake and remain involved at the board level. Paul Whitehouse, recently appointed managing director and a 23-year veteran of the business, will continue to lead the executive team.

The transaction was supported by a range of legal and financial advisors on both sides. Sentio Partners led the deal for the Gregory family, while firms including Macfarlanes, Walker Morris, KPMG, EY, PwC and McKinsey advised various aspects of the transaction.

Connectus doubles down on Doncaster Airport tech hub with new £500k investment

Connectus has committed another £500,000 to Doncaster Airport Business Park, expanding its digital infrastructure in a move aimed squarely at scaling B2B demand. This builds on a previous £1 million investment and comes as momentum grows around the site’s redevelopment.

The new funding will deliver a second fibre route to improve network resilience and uptime for businesses operating on the 62-acre site. The park, which houses 140 business units and has planning approval for over 186,000 sq m of future commercial space, is being positioned as a regional hub for innovation and high-growth companies.

The investment also supports the rollout of AI-powered diagnostics via Connectus’ partner Kaseya, recruitment of additional engineering staff, and new backup energy solutions to minimise service disruption. Part of the funding is earmarked for local engagement initiatives, including grassroots sports sponsorships.

This development follows the UK government’s recent £30 million pledge to reopen Doncaster Sheffield Airport, adding strategic significance to the business park’s growth trajectory.