Data analytics company eyes growth with Finance Yorkshire investment

A company specialising in data analytics and AI for the retail sector is expanding with investment from Finance Yorkshire.

Leeds based HyperFinity uses data and AI to help retail customers make smart decisions around customer loyalty and pricing, leading to increased profitability.

Investment from Finance Yorkshire’s growth fund will enable the company to build its sales and marketing function as well as support product development.

Co-investor River Capital has made an investment in HyperFinity from its fund:AI. Finance Yorkshire and River Capital join existing investor, Snowflake Inc, a global leader in data and AI technology, completing a seven-figure investment round.

HyperFinity was founded in 2019 by Pete Denby, Adam Barrowcliff, Damon Bryan and Tom Hill who have grown the business’s client base to include Asda, Costa Coffee, Card Factory and Toolstation.

CEO Pete Denby said: “HyperFinity helps retailers make the most of their data using analytics and AI. We’re already helping some of the best-known retailers make profitable loyalty and pricing decisions through a combination of powerful software and expert services.

“We’re delighted to be working with Finance Yorkshire and River Capital whose investments will enable us to accelerate our growth plans.”

Finance Yorkshire CEO Alex McWhirter said: “The team at HyperFinity has established the business as a recognised decision intelligence company for the retail sector. We are pleased to invest in HyperFinity and support its aspirations to be the go-to company that delivers transformational growth in retail using data and AI.”

River Capital Investment Director David Walters said: “We are delighted to support HyperFinity in building their product offering and sales and marketing team. We are excited to see how the business continues to grow over the next few years.”

Finance Yorkshire’s growth fund is part of a wider regional business fund which is expected to provide more than £50m to SMEs over five years. Investment is also available from its seedcorn and loan funds.

Dack Motor Group acquires MotorServ UK to preserve operations and jobs

MotorServ UK, formerly the largest independent garage in Solihull, has been acquired by Dack Motor Group in a strategic move designed to stabilise operations and protect jobs amid a downturn in the automotive sector.

Established in 2014, MotorServ UK grew to a £9.3m turnover business by 2022, offering MOTs, servicing, and community-focused initiatives. However, an 85% drop in used car transactions in 2023 and a 45% decline in servicing revenue over two years forced a shift in direction. The founder has exited the business, triggering the sale.

The Solihull site will continue operating under Dack Motor Group, which already runs facilities in Lincoln, Northampton, and Coventry. Dack plans to integrate the new site with upgraded systems and processes, and a rebrand is expected.

As part of the acquisition, all jobs at MotorServ UK are being retained, and further roles may be created under the new ownership. Once the transition is complete, MotorServ UK Ltd will be formally liquidated, with Dack assuming all staff and assets.

Loxley Collection adds capacity and event space at Hotel Victoria

Hotel Victoria in Robin Hood’s Bay has expanded its room count to 30 as part of a wider refurbishment by new owners, the Loxley Collection. Seven new rooms—including dog-friendly and family-oriented options—have been added, along with an accessible suite completing in April.

The property, acquired in late 2023 by entrepreneur Andrew Long, has undergone significant upgrades, including the addition of Osborne’s Restaurant and Cocktail Lounge, a refurbished pub, and expanded event space. The hotel now offers full hire options for weddings and private functions.

This site joins the Loxley Collection’s growing UK portfolio, including Lincoln and Cornwall hotels. The group is targeting higher occupancy and increased event-driven revenue through its investment in location-based hospitality assets.

Esh Construction scales land-led model with £65m regional housing rollout

Esh Construction is expanding its land-led housing strategy with a £65 million pipeline of developments across the North East and Yorkshire, targeting the delivery of around 300 affordable homes.

The expansion includes four newly acquired sites. In Bridlington, the company plans a 68-unit extra care scheme. In Hull, it’s set to build 65 homes, a mix of two—to four-bedroom properties. The Yorkshire schemes account for £36 million of the total investment.

In the North East, Esh will develop a 55-home extra care facility valued at £20 million in Gateshead, replacing a disused library. A further £9 million has been allocated to a residential scheme in Jarrow, where the company will deliver a mix of houses and flats.

These projects are part of Esh’s ongoing strategy, first launched in 2019, to secure and develop land directly. The firm takes ownership of technical, planning, and construction processes to reduce delivery risk and improve project viability. The firm leverages its status as a Homes England Investment Partner to unlock funding for housing association clients, helping bridge financial gaps in affordable housing projects.

Since adopting this approach, Esh has delivered schemes in Leeds, Doncaster, and County Durham, and is preparing additional sites across both regions for planning submission.

Temporary respite as inflation falls

Responding to the latest CPI inflation figures, which show headline inflation falling to 2.6% and food inflation falling to 3.0%, Kris Hamer, Director of Insight of the British Retail Consortium, said: “Headline inflation fell marginally in March though still remains above the Bank of England’s 2% target. Stable energy prices and falling petrol prices were the main drivers of the fall, while sustained promotional activity by retailers meant inflation in the clothing and footwear category was minimal. Having jumped significantly in recent months, consumers will welcome news that food inflation decreased, despite some extreme weather, poor harvests and high commodity prices. This was driven by falls in price on the month for certain sweeter items such as sugar, jam and honey.” “The slight easing in inflation in March will prove to be largely insignificant once the figures for April are released next month. Not only will many feel the pinch of rising household bills, but the impact of higher employer National Insurance and NLW could begin to filter through into consumer prices. To protect households, it is essential the government limits the burden on the industry in other areas, ensuring no shop pays more as a result of the upcoming business rates reform.”

Council seeks £6.8m to unlock schools and transport for major Harrogate development

North Yorkshire Council aims to secure £6.8 million in funding from Homes England to fast-track essential infrastructure for a major housing and employment scheme in Harrogate. The funding would enable the early delivery of two new schools and transport upgrades tied to the 2,000-home West Harrogate Project.

The funds would be used for highway improvements around the new developments and early-stage design and survey work for the school sites. The grant, sourced from the Brownfield, Infrastructure, and Land Fund, would be recoverable once developers’ contributions—secured through planning agreements—are received.

Council officers noted that the early infrastructure would support creating a sustainable community. Although there is some financial risk if the developer contributions fall short, external consultants have reviewed the cost estimates, and the local housing market remains strong.

Three of the four planning applications submitted for the project have received conditional approval. The latest application, approved in December, involves the construction of 480 homes off Otley Road.

Developers involved in the project are expected to contribute significant funds to local infrastructure, including nearly £1.9 million for a new primary school, £1.6 million for secondary education, over £1 million for sports facilities, and £390,000 towards healthcare services.

North Yorkshire Council’s executive committee will review the grant proposal this week.

£12m industrial park to boost business space in Barnsley

Construction is underway on a £12 million industrial development in Barnsley. The development aims to meet the strong demand for business space and support local employment.

Kestrel Park, located near the A6195 Dearne Valley Parkway, will deliver 77,400 sq ft of industrial space across seven units. Completion is expected in early 2026.

Developer Carnell Management Services leads the speculative project, backed by £3 million from South Yorkshire’s Investment Zone Funding. The park is expected to support the creation of up to 185 jobs.

The new units, designed with sustainability in mind, will include features such as solar panels, EV charging stations, cycle parking, and LED lighting. An environmental impact assessment will also be carried out.

The development responds to ongoing interest from expanding local firms and inward investors looking for smaller, high-quality industrial space. Kestrel Park adds to Barnsley’s growing portfolio of business-ready sites aimed at stimulating regional economic growth.

New start-ups and insolvency-related activity increase in Yorkshire and Humber

New business starts-ups and insolvency-related activity were both on the rise across the UK and in Yorkshire and the Humber last month, according to the latest findings from the UK’s insolvency and restructuring trade body, R3.

The research, based on an analysis of data provided by Creditsafe, shows a 27% increase in insolvency-related activity in the region in March, with new business start-ups increasing by 12% in the same month.

Insolvency-related activity, which includes liquidator and administrator appointments and creditors’ meetings, rose across every UK region, with Northern Ireland’s increase the largest at 100% and Wales’ the smallest at 6%, on February’s figures.

Business start-up numbers also increased across the board, with the South West seeing the steepest rise in the number of new businesses, up 24%.

Dave Broadbent, chair of R3 in Yorkshire and partner at Begbies Traynor in York and Teesside, said: “While it is good news that March saw the number of start-up businesses increase in Yorkshire and across the UK, there’s a strong sense that these latest figures may well reflect the calm before the global economic storm that President Trump’s recently announced trade tariffs inevitably herald.

“SMEs are often less well protected from financial insecurity and economic turbulence than larger businesses and the fear is that the US trade tariffs and the chaos that surrounds them will be a hammer blow to many smaller, owner-managed companies.

“As global and domestic pressures, in the form of challenges such as the hike in employers’ National Insurance contributions and increase in the minimum wage, converge, SMEs in Yorkshire and Humber will be counting on support, both from government and the wider business ecosystem to help them weather this latest storm. And that includes the excellent professional help that is out there to help firms adapt and pivot where necessary so that they can seize the opportunities that still remain.”

Sheffield University upgrades campus security with AI-powered CCTV system

Gough & Kelly has secured a six-figure, five-year contract with the University of Sheffield to supply and maintain a new AI-enabled CCTV system across its campus.

The deal builds on the Leeds-based security firm’s long-standing relationship with the university, spanning more than 25 years. The project will involve the installation and ongoing maintenance of over 1,300 CCTV cameras across 150 buildings, all integrated with Avada Connect — an AI-driven software platform that enhances real-time threat detection and surveillance capabilities.

The system enables advanced identification and tracking of individuals and objects, offering functions such as automated alerts, object-specific searches, and facial and vehicle recognition. The goal is to boost incident response times, support campus safety operations, and streamline security workflows for the university’s 100,000 daily users, including students, staff, and visitors.

The new contract aligns with Gough & Kelly’s broader strategy of deploying advanced cloud-based CCTV monitoring systems across public institutions in South Yorkshire. The firm has also worked with Sheffield City Council and local police on the Safer Streets initiative, rolling out digital surveillance infrastructure in key city areas.

Boston Energy empowers women to pursue careers in wind

Leading wind power specialist Boston Energy has underlined its commitment to empowering women to pursue careers in the wind energy industry. Through its Women into Wind campaign, East Yorkshire-based Boston Energy is supporting more women to enter the rapidly-growing sector and fostering greater gender diversity within the workforce. The initiative aims to encourage more women to consider careers in wind energy by offering hands-on training, mentorship, career development and opportunities to help women thrive and lead in this field. Boston Energy works internationally, supplying skilled technicians to global wind farm developers and operators. The company has worked on more than 100 offshore and onshore wind farms across the world since 2012, with its technicians working on more than 6,000 turbines from pre-assembly and Installation to maintenance. The most recent research from the International Renewable Energy Agency found that just 21 per cent of the global wind industry workforce is made up of women, with only eight per cent holding senior management positions. Boston Energy is committed to playing its part in changing this, by supporting women to enter the industry and benefit from the many highly-rewarding and exciting opportunities available working in wind power. As part of this commitment, female Boston Energy team members recently attended a careers event, staged by the Humber-based Women into Manufacturing and Engineering (WiME) partnership, to showcase careers available to women in the industry. The WiME event, held in Grimsby, a major hub for offshore wind, featured a session aimed at schools and colleges, to capture the imagination of girls and young women beginning their career journey, as well as an open session for women of all ages and backgrounds, who may be considering a career change. Boston Energy’s People Manager Sarah Shires said: “At Boston Energy, we believe that diversity is key to driving innovation and progress, particularly in industries like wind energy, which are essential for our sustainable future. “Through our Women into Wind campaign, we’re dedicated to providing the mentorship, training and opportunities needed to help women thrive and lead within this exciting sector. Our commitment goes beyond recruitment; we aim to create a supportive environment where women can not only enter, but excel, in the wind power industry. “Through our participation in events like the WiME careers day and the implementation of our Women into Wind initiative, Boston Energy continues to promote diversity and inclusion. Attending WiME events is crucial for us because it allows us to connect with and inspire the next generation of talent, especially women, to pursue careers in wind energy.” Boston Energy is based at the Hesslewood Office Park in Hessle and is a leading provider of technical labour, services and training to the global wind energy industry. The business works alongside leading names including Siemens Gamesa, Vensys, GE, SSE and Vestas to supply highly qualified and experienced professionals. Embracing a “one team” philosophy, Boston Energy’s technicians integrate seamlessly with customers’ teams to provide high-quality support with an unwavering commitment to safety excellence. Attending events such as WiME is just one of the ways Boston Energy connects with women of all ages to showcase the exciting opportunities in the wind industry and increase female representation in the sector. The team also works with schools and colleges to capture the interest of girls from a young age, while targeted recruitment schemes are also implemented to make women feel more included and welcome in the industry, with gender neutral language used to make job adverts more accessible. Competent Technician Rebecca Hansen joined Boston Energy just over a year ago is currently working on the Lynn and Inner Dowsing wind farm in the North Sea, with client Siemens Gamesa. She said: “I think a lot of people feel that jobs like these are ‘men’s jobs’ and may be too difficult for women to do, but I think that’s a huge misconception. “There’s no stopping women doing a job in a male-dominated industry – we can do just as well, if not better, and the satisfaction for me in doing so, is just as good as the other benefits the job brings. “I’m very glad to have stepped out of my comfort zone and taken this chance. It changed my life – so to other women thinking about it, I’d say ‘why not take that chance too?’” Boston Energy’s dedication to diversity extends beyond gender, as the company actively supports individuals transitioning from various backgrounds, including armed forces leavers and professionals from other industries, through its Transfer to Wind programme.

UK business confidence falls as tax hikes and US tariffs bite

UK business confidence dropped sharply in the first quarter of the year, driven by rising tax burdens and growing concern over new US tariffs, according to new data from the Institute of Chartered Accountants in England and Wales (ICAEW).

The ICAEW Business Confidence Monitor recorded a reading of -3, the weakest level since the final quarter of 2022 and a marked decline from the previous score of 0.2. The fall reflects growing pessimism among UK firms, particularly over increased costs and the global trade outlook.

More than half of surveyed businesses cited tax as a key challenge, with 56% highlighting it as a growing pressure—an all-time high for the index. The April rise in employer National Insurance contributions added to financial strain, alongside increases in energy bills and the national minimum wage.

The introduction of new US tariffs has also heightened trade uncertainty. Although initially announced as sweeping reciprocal measures, the tariffs were scaled back to a 10% baseline for most countries, including the UK. Nonetheless, the policy shift has added to concerns around global trade costs.

Companies also reported weaker expectations for domestic sales growth this year, forecasting the slowest pace since late 2022. This is despite a modest uptick in sales during the first quarter.

The Office for National Statistics (ONS) GDP figures showed an unexpected 0.5% rise in February, following a flat January. However, the broader economic environment remains fragile.

South Yorkshire’s tech sector sees 700% growth but remains underfunded compared to EU peers

South Yorkshire’s technology sector has seen significant growth over the past decade, with the combined value of local tech companies rising from £370 million in 2014 to £3 billion in 2024, according to new data from Dealroom and TECH SY. The number of active tech firms in the region has climbed to approximately 5,000, employing nearly 20,000 people.

The value of early-stage, pre-exit startups in South Yorkshire has also surged, reaching £737 million in 2024—up from £83 million ten years ago. These figures underscore a rapid acceleration in the region’s innovation economy, particularly in deep tech, which attracted 55% of the more than £200 million raised in venture capital since 2020.

Despite the strong upward trajectory, the report highlights funding disparities. Compared to similarly sized European tech hubs such as Eindhoven and Ghent, South Yorkshire startups are attracting less capital and securing a smaller share from international investors. Just 24% of investment into South Yorkshire startups came from foreign sources, significantly below the national UK average of 55%.

Rotherham has emerged as a local hotspot for tech innovation, with companies such as Xeros, Metalysis, Suiso, Iceotope and IntelliAM cited as standout examples in the region’s expanding ecosystem.

UK expands lending scheme to support small businesses hit by global tariffs

0

The UK Government has injected an additional £500 million into the British Business Bank’s Growth Guarantee Scheme, expanding the programme’s lending capacity to support small and medium-sized enterprises (SMEs) grappling with the financial impact of global tariff changes.

The move brings the scheme’s total financing capacity to over £2.6 billion, delivered through around 50 accredited lenders. So far, it has facilitated £2.1 billion in finance across more than 13,000 facilities.

Targeted at viable SMEs facing cashflow pressures, the scheme offers government-backed guarantees on loans of up to £2 million for most UK businesses and up to £1 million for those operating under the Northern Ireland Protocol. After their recovery process, lenders receive a 70% guarantee on the outstanding balance, though borrowers remain fully liable for the debt.

The scheme supports various financial products including term loans and overdrafts, depending on the lender. While interest rates and fees vary, they reflect the benefit of the government guarantee and associated costs.

Funding can be used for various business needs, including managing working capital or offsetting disruptions linked to tariff shifts. Eligibility depends on lenders’ standard credit and fraud assessments, and applications must be made directly through the British Business Bank’s accredited lending partners.

Rotherham Council secures key sites to advance station project

Rotherham Council is progressing its regeneration strategy with further land acquisitions critical to delivering the planned Rotherham Gateway Station at Parkgate. The new integrated station—combining a mainline rail stop and tram-train connection—will be located on Forge Way and is central to the borough’s plans to improve connectivity and stimulate commercial development through a proposed Innovation Campus.

The council has recently agreed terms to acquire multiple properties essential to the scheme, including Calendar House on Mangham Way. This site has been identified as necessary for health and safety compliance, specifically providing emergency access to the northern platform. It also offers a key access point from the north side of town.

Calendar House is occupied by a local SME and will continue to operate under a leaseback arrangement. The council expects the property to generate rental income in the interim, regardless of whether the station opens as scheduled in 2030.

The acquisitions are being funded through a £10 million allocation from the government’s Town Deal, supporting land assembly while the full business case for the transport project is under development.

Food and drink festival to support local businesses in Pocklington

A food and drink festival will take place in Pocklington, East Yorkshire, from 26 to 27 April. The event aims to promote the region’s local food scene and feature street food vendors, bars, and craft stalls, alongside entertainment including live music, comedy, and children’s activities.

Organised by Market Square Group Ltd in partnership with East Riding of Yorkshire Council, the festival provides a platform for local businesses to expand their reach. The Market Place will host food and drink stalls, leading to a stage and seating areas in St Peter’s Square.

The festival will run on Saturday from 09:00 to 18:00 BST and on Sunday from 10:00 to 17:00.

Network Space Investments secures £9m Sheffield industrial estate

Network Space Investments (NSI) has acquired a 103,262 sq ft industrial estate on Grange Mill Lane in Sheffield for £9 million. The estate, located near Meadowhall and junction 34 of the M1, includes four vacant warehouse units with substantial yard space and parking.

NSI plans to refurbish the property to create a modern industrial hub. The space will offer flexible unit sizes ranging from 10,000 to 50,000 sq ft, with eight-metre eaves. The refurbished space will be available by late summer 2025, addressing the tight supply in the local market.

This acquisition is part of NSI’s ongoing strategy to reinvest capital after the recent sale of its Europa Way property in Trafford Park. The company has also made recent acquisitions in Oakhill, Manchester, and Cowley Way, Sheffield, expanding its presence in key regional markets.

As part of its growth strategy, NSI is seeking new investment opportunities across the North of England and expanding its asset management team to support future acquisitions.

Government takes over running of Scunthorpe Steel plant

In shocking news over the weekend, the Government passed a bill that allowed them to effectively take over British Steel’s Scunthorpe plant from its Chinese owners. Keir Starmer visited Scunthorpe after the decision became law, meeting with relieved locals and industry groups who had for months been asking the government to step in and protect the site. A reprasentatice for the government said that the Chinese owners had been making unreasonable demands of late, and it’s believed the site would have stopped producing steel entirely if the government had not stepped in.

Nineteen47 partners with Honey to support 21 development sites

Planning consultancy Nineteen47 has partnered with housebuilder Honey, providing expertise across 21 of Honey’s development sites. This collaboration includes planning, urban design, and visualisation services to support the builder’s rapid expansion.

The 21 sites, primarily located across Yorkshire and the Midlands, will deliver up to 2,850 new homes with a projected gross development value of £795 million, pending planning approval. Nineteen47, with offices in Sheffield, York, and Nottingham, has been advising clients in various sectors, including residential, commercial, healthcare, and manufacturing, since its founding in 2015.

Honey, established in 2022 with offices in Leeds, is backed by Alchemy Partners’ £937 million Special Opportunities Fund IV. The company employs 80 staff and is involved in five live developments, such as the Iris project in Goldthorpe and Homes by Honey in Edwinstowe. The partnership with Nineteen47 is central to Honey’s ability to secure planning consents and move forward with its growth objectives.

Leeds development for 384 flats receives approval after adjustments

A development plan for 384 flats near the Armley Gyratory in Leeds has been approved after the developer agreed to increase the number of discounted homes. The scheme, proposed by UCR Leeds Ltd for the Wellington Road and Armley Road site, faced delays when the City Plans Panel deferred their decision last month.

Initially, the developer proposed only seven flats at a discounted rate, below 80% of market rent, which fell short of the council’s policy of 20% affordable housing. However, after further negotiations, the number of discounted units was increased to 19, making the project more in line with council expectations.

The revised plans also include added green space and design improvements. Notably, a proposed padel tennis court was removed in favour of more outdoor communal areas. The developer will contribute £530,000 for off-site green space enhancements as part of the development agreement.

The panel unanimously approved the revised plans at a recent meeting. Pending legal agreements, the final consent has now been delegated to the council’s chief planning officer.

Businesses in Yorkshire seek more office time despite hybrid working benefits

New research from Grant Thornton UK has revealed that although hybrid working has improved productivity and well-being, many businesses in Yorkshire are still keen to see their employees spend more time in the office.

The latest Business Outlook Tracker surveyed mid-sized businesses in the region, finding that 84% have adopted a hybrid working model. Most of these businesses report significant advantages, with 95% citing increased productivity, 93% observing a positive impact on employee wellbeing, and 91% confirming that staff prefer hybrid arrangements. Additionally, 95% of respondents believe hybrid working benefits their business.

However, despite these positive outcomes, 93% of businesses still want employees to return to the office more often. This is partly due to the recognition that some activities, particularly mentoring and developing younger staff, are more effective when conducted face-to-face. 86% of businesses with hybrid working models acknowledge that it has affected their ability to adequately support and train less experienced employees.

Businesses are now seeking the right balance between flexibility and in-person collaboration to ensure productivity and professional development continue to thrive.