New partnership aims to build more affordable homes in North Yorkshire

More affordable new homes are to be built in North Yorkshire through a new partnership involving its own property company Brierley Homes and Broadacres Housing Association. Brierley Homes is a private house-building company wholly owned by North Yorkshire Council, and Broadacres is a not-for-profit housing association based in Northallerton and operating across the North of England. By pooling their knowledge, experience and resources, they hope to help meet the demand for affordable homes. The first scheme is at Kirkby Malzeard near Ripon. Brierley Homes is delivering the scheme following an agreement to buy the land from Broadacres. It will feature 33 houses, of which 13 will be affordable homes. They will be built to the highest specifications and feature energy-efficient construction techniques. Brierley Homes MD Stuart Ede said: “This announcement is the result of 12 months’ hard work and negotiations between ourselves and Broadacres on this and other schemes. It is an exciting partnership between two North Yorkshire companies that will deliver high-quality housing in areas of greatest need.” Broadacres’ director of development and investment Helen Fielding said: “Working in partnership with Brierley Homes, we are pleased to be able to provide 13 much-needed affordable homes in this part of rural North Yorkshire. “It’s important that we continue investing in even more affordable housing across the county, ensuring our rural communities remain sustainable for local people now and in the future. We see working closely with Brierley as a major step towards achieving this.”

Local businesswoman takes over Scunthorpe United

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A takeover has been completed for Scunthorpe United by local businesswoman Michelle Harness. A current director of the club, and former commercial manager of over 15 years at the Iron, Michelle has acquired the club from the outgoing David Hilton. Following a busy few days of negotiations and putting plans in place, Michelle said: “I would like to thank everyone who assisted in the transaction, especially David Hilton. “There are a lot of challenges and problems to overcome, but David has taken no fee for the club, and wiped all monies that he personally invested to enable this deal to happen. I wish him and his family all the best for the future, and I hope he finds some peace away from football. “I’d also like to acknowledge the efforts of Simon Elliott, who has massively assisted in getting this deal over the line. There is now a lot of work to do behind the scenes to get our great football club back on track, and that work starts immediately with the fantastic team we have working for us, starting with the appointment of a new board.”

SMS Towage adds Turkish-built vessel to Humber fleet

A 22-metre tugboat bought by Hessle-based SMS Towage Limited from Sanmar Shipyards in Turkey has arrived in Hull from Istanbul.

The brand new, environmentally-friendly TRADESMAN  is the latest tug to join the SMS fleet, and will manoeuvre boats and super tankers safely into the ports of Hull and Immingham. Weighing over 190 tonnes, the TRADESMAN has been bought with the help of Andrew Jackson Solicitors. She is equipped with two Caterpillar 1,500 kw engines capable of pulling super tankers carrying gas or oil, which can weigh as much as 200,000 tonnes. The tugs are also fitted with firefighting pumps. Paul Escreet, chairman of SMS Towage, said: “The Humber estuary is one of the busiest trading areas in Europe, but its powerful tide means there needs to be a substantial fleet of tugs readily available to ensure that vessels are capable of manoeuvring and berthing safely. “This latest investment in our fleet means reflects our aim of providing our customers with more modern and environmentally friendly tugs at the Humber port, whilst complementing the existing fleet to meet our specific operational needs. “Once again, we are very grateful to Rebecca Forder and Dominic Ward in Andrew Jackson’s shipping team, who remain our trusted advisors for this type of work. We continue to be very happy with their valuable help and advice.” Dominic Ward, senior partner, and head of Andrew Jackson’s shipping & transport team added:- “SMS Towage is the UK’s largest independent marine towage provider and their passion for the industry is evident. As a long-standing client of the firm, we are particularly delighted to have assisted them with this latest transaction and to ensure the vessel’s smooth transition into the UK, as the business continues to flourish. ”

Sheffield’s SMEs invited to share in funding worth £1.75m

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More than £1.75m of funding is available for SMEs in Sheffield to improve their productivity, become more digital and create jobs. Businesses can apply for one of two grants from Business Sheffield: productivity or digital innovation. Both are designed to help businesses save time, space, energy and materials, without cutting jobs. Business owners will also get access to expert support to review, increase their productivity and monitor their outputs going forward. The scheme is being run with funding from the government’s UK Shared Prosperity Fund. Businesses can apply for grants between £2,500 and £12,499, with the exact amount depending on which grant is applied for. One business that’s benefited from support from grants from Business Sheffield is Triple Point Brewery. The business launched in March 2019, quickly growing from an on-site bar to a trade supplier. By 2022, despite slow growth during lockdown, the brewery was growing faster than their space would allow. The team applied for a Business Productivity Grant to expand Triple Point’s brewing hall into the warehouse next door. This made further productivity-boosting projects possible.  An extra fermentation vessel has already been installed, adding 16% to brewing capacity and creating an extra full-time job. The team plans to add a further two vessels and a new chiller unit.  In future, the new space will also make it possible for the team to explore the automatic packaging beer into kegs and cans. Triple Point MD Mike Brook said: “The need for new drains, piping and hygienic flooring was a real barrier to us growing Triple Point and was very difficult for us to fund.  The productivity grant made this possible and we are really excited about the new opportunities this has opened up.” Small to medium size businesses in Sheffield can apply for a grant. Businesses must be able to fund half the project and show it is financially viable and needs grant support. Full details can be found on the Sheffield City Council website. Councillor Martin Smith, Chair of the Economic Development and Skills Committee, said: “Sheffield is a city of innovators and entrepreneurs and these new grants will give businesses the boost they need to grow. Businesses will get support to tackle barriers to growth, encourage innovation and create jobs, as well as save time, money, space and energy. “Business Sheffield’s team of expert advisors is on hand to help businesses identify where they can increase productivity and support them in applying for grants to help them achieve that. With both Productivity and Digital grants available this investment will help more business owners access the bespoke support they need to achieve their ambitions. I encourage eligible businesses to get in touch to find out how they can benefit from these grants.” If you’re a Sheffield SME and are interested in applying, the first step is to contact Business Sheffield’s  friendly Advisor team. They’ll talk you through all this information, discuss your idea and support you with every step of the process. Please contact Business Sheffield on 0114 224 5000 or email BusinessSheffield@sheffield.gov.uk to discuss your project and whether you’re eligible. This project is funded by the UK Government through the UK Shared Prosperity Fund. The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025.The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus Next week, the Sheffield Chamber of Commerce is hosting the Sheffield Business Awards. Business Sheffield is sponsoring Startup Org of the Year and Opportunity Sheffield is sponsoring the Outstanding Contribution to Workforce Development award. The awards ceremony will be held on Thursday, 12th October.

Emma takes over as Community Ventures MD this month

Sewell Group’ estates consultancy company Community Ventures Management has appointed Emma Bolton assist Chief Executive.

Emma is a Fellow of the Royal Institution of Chartered Surveyors and a qualified town planner, and has spent much of her career in the public sector, working in strategic estates roles. She joined Community Ventures four years ago as Area Director for the North East and Leeds, before stepping up to the Chief Executive role this month.

She is well known throughout the healthcare estate industry after having held a variety of estates roles for local authorities and the NHS, including at NHS Property Services and NHS England, and as Director of Estate and Fleet at Yorkshire Ambulance Service.

Emma takes over from long-term Community Ventures leader Nigel Fenny, who will be stepping back to semi-retirement. He will be staying on with the team in a part-time, freelance capacity, so the company will retain his expertise and knowledge in the business.

Emma is looking forward to stepping up to the challenge of leading the Community Ventures team.

“I am really excited about the future for Community Ventures, and it’s a huge privilege to move into the role of Chief Executive. I’ve got a brilliant, talented team behind me who are passionate about making health estates and facilities fit for the demands of modern healthcare.

“We’re a rapidly growing consultancy, and we’re working tirelessly to help our expanding number of clients and partners find innovative, bespoke solutions to their estates challenges.”

Community Ventures is an estates consultancy, highly experienced across the NHS and commercial services, who support partners across England with estates strategies. Since they were formed in 2008, they’ve worked on some of the highest profile health estates projects in the North of England, including managing a £57.5m primary care transformation project in South Yorkshire, creating the business case for a £20m health and wellbeing centre in Keighley and being a key part of the construction of the £700m Royal Liverpool Hospital.

Financial services activity holds firm

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Financial services activity held relatively firm in Q3 of 2023, despite some softening from a buoyant second quarter. Optimism and business volumes growth were quick in the three months to September, although to a lesser extent than the previous quarter, according to the latest CBI Financial Services Survey. The quarterly survey, conducted between 30 August to 15 September with 150 respondents, found that FS firms expect volumes growth to pick up considerably in the three months ahead. Employment growth, which slowed from last quarter’s 16-year high, is set to decelerate further in the coming quarter. Key findings:
  • Optimism softened in September (weighted balance of +20% from +30% in June; long-run average of +3%).
  • Business volumes growth was quick in the quarter to September, despite slowing from last quarter (+27% from +42% in June; long-run average of +13%). FS firms expect volumes to increase at a faster pace next quarter (+41%).
  • Average spreads increased slightly in the three months to September (+5% from 0% in June). Spreads are expected to be broadly flat next quarter (-3%).
  • The value of non-performing loans grew modestly in the quarter to September (+8% from 0% in June) but is anticipated to decline marginally next quarter (-5%).
  • Profitability growth decelerated in the quarter to September (+13% from +41% in June) but is expected to speed up again next quarter (+38%).
  • Employment expanded at a robust pace in the quarter to September (+34%), albeit at a slower pace than last quarter’s increase (+52%, fastest since December 2006). Firms expect headcount growth to ease further next quarter (+23%).
  • Firms expect to increase investment in IT over the next 12 months (compared to the last 12). Capital expenditures on land & buildings and vehicles, plant & machinery are anticipated to be broadly unchanged.
  • Uncertainty about demand was the most commonly cited factor likely to limit investment in the next 12 months (47%). The share of firms citing cost of finance (28%) as a potential limiting factor rose to its highest since December 2014.
Louise Hellem, CBI chief economist, said: “It’s great to see financial services firms reporting another positive quarter, with optimism and volumes growth both firm, and activity expected to pick up further in the months ahead. A critically important sector to the UK economy, financial services also serves as a key catalyst and backer for a wealth of business activity across the country. “The Government should look to build on this positive momentum by maximising financial services regulation as a lever for broader economic growth in the Autumn Statement. By shifting the focus of regulation towards delivering better outcomes, the Chancellor can ensure the financial services sector enables critical transitions in the economy, like Net Zero and tech adaption, through improved access to and availability of finance.”

Logistics confidence falls to second lowest level on record

Confidence in the logistics sector has fallen to its second lowest level on record, only slightly above that seen during the first COVID-19 lockdown in 2020, a new industry report has found. According to the Barclays-BDO UK Logistics Confidence Index 2023, this year’s score is 47.3, down from 50.4 in 2022. In 2020, the confidence index stood at 47.1. Any index figure below 50 indicates overall pessimism in the logistics sector – a sector that is integral to the functioning of our society at many levels and regarded as a useful barometer of the state of the wider economy. The latest figure is in contrast to the marked optimism seen in 2021, which produced an index reading of 62.5, as the sector bounced back from the effects of the pandemic – a time of increased levels of home delivery and higher rates for global logistics services. The latest study from Barclays Corporate Banking and accountancy and business advisory firm, BDO LLP, found that three quarters of operators (75%) feel business conditions are more difficult now than a year ago, with levels of demand the number one concern for 71% of logistics businesses. Interestingly, staff shortages and increased labour costs – a perennial problem for the sector – are becoming less of a concern for businesses. Less than half of logistics leaders see it as a major challenge in the next 12 months. Challenges in recruiting warehousing staff and LCV drivers have also eased as volumes fall. Jason Whitworth, corporate finance partner at BDO LLP, said: “Given the economic environment and market dynamics, it’s not surprising that the industry is cautious about the current trading environment, with real concern over volume of activity across certain sub-markets. As always, the logistics industry is feeling the effects of a tightening economic climate more than most, as inflation and interest rate rises continue to have an impact on consumer behaviour. “Despite the lower overall confidence, there are still plenty of opportunities for operators, including greater collaboration with customers and other providers in the sector in areas such as shared-user warehousing, shared transport space, as well as electric vehicle charging or alternative fuel infrastructure.” The report also showed that nearly nine in 10 respondents are investing in environmental, social and governance (ESG) projects. While the majority are driven by playing their part to combat climate change, there is clear acknowledgement of the growing commercial importance of being able to demonstrate ESG credentials in winning new business. There is a willingness to consider alternative fuel types, with electric solutions a top priority for investment, albeit jointly with diesel, suggesting the alternatives are not yet viable in many cases. Whitworth added: “Investment in technology and ESG measures is a positive step to pursuing both cost savings and gaining competitive advantage. In addition, due to a need by many operators to boost volumes through new service offerings or breaking into new sectors, appetite for M&A activity remains strong.” Looking at growth opportunities in the next 12 months, the most popular strategy is cost control and efficiency. According to the research, this is also one of the main drivers of investment in technology. More than half of businesses see this as an opportunity and, as in previous years, most will spend on upgrades to and replacement of existing technology. With the rise in cybercrime across all industries, cyber security is the second highest priority. James Lean, Industry Director for Manufacturing, Transport & Logistics at Barclays Corporate Banking, said: “It is consistent with other global indexes to see the UK logistics sector feeling at a low level of confidence following the realigning of supply chain capacity. “However, as our report shows, despite cooler demand from manufacturers and wholesalers, this resilient sector continues to look to the future, adapting their business models through digital strategies, investing in fixed assets and importantly their people.”

Pubic asked to vote on central Hull property development

Property developer Noble Invest and commercial property agent Garness Jones are giving Hull residents the chance to have their say on plans for the future of the city’s high street. The two businesses have launched a public vote to help influence plans for the historic King William House, a key development located in the heart of the city. With the potential to offer a selection of retail, leisure, and food and drink facilities, the vote has been launched to ensure the development delivers exactly what the people of Hull want, whether it’s a new cocktail bar, clothing store, sushi restaurant, deli, or beauty salon. Shaun Larvin, director of Noble Invest said: “King William House is a key development in the ongoing regeneration of Hull city centre, given its position between the Fruit Market, the old town, and the main city centre. “If we get it right, it can become a central attraction, and we will only do that by listening to the people that will ultimately use the facilities. “The results of the public vote will not only influence our thinking and planning, but also help us demonstrate to operators where the demand is, and what the people of our city want in King William House – it will be a powerful message to approach businesses with.” Now live to the public, those who would like to vote can either visit the Garness Jones website or scan the QR codes printed on the front of the development. Paul White, director at Garness Jones, added: “The development of King William House has the potential to bring a wide range of businesses to the city, new and old. If you’d welcome a household name that isn’t yet in Hull, or a much-loved local favourite, all you have to do is tell us your thoughts via our public vote.”

CMA fears Whitby Seafoods’ competitor acquisition will lead to higher prices and lower quality

Whitby Seafoods has been given five days by the Competition and Markets Authority to demonstrate that its purchase of Kilhorne Bay Seafoods won’t lead to higher prices and lower quality products. Whitby Seafoods currently holds 90% of the market to supply breaded scampi to foodservice customers such as pubs, restaurants, and fish and chip shops by some distance. It has a market share close to 90%, and Kilhorne Bay Seafoods, while significantly smaller than Whitby Seafoods, is the second-largest supplier. Whitby Seafoods agreed to buy Kilhorne Bay Seafoods in May this year, and voluntarily notified the deal to the Competition and Markets Authority, which launched a merger review into the deal in August. An initial Phase 1 investigation conducted by the CMA has found that Whitby Seafoods already holds a very strong market position in the supply of breaded scampi to foodservice customers. Following the deal, Whitby Seafoods would face even less competition from other scampi suppliers. The CMA’s investigation also found that Whitby Seafoods faces limited competition from potential market entrants and suppliers of other types of breaded seafood. The loss of competition brought about by the deal could result in foodservice customers having to pay higher prices – which could ultimately lead to higher prices for customers in venues such as pubs, restaurants, and fish and chip shops – as well as reduced product quality. The CMA will refer the deal for an in-depth Phase 2 investigation unless Whitby and Kilhorne Bay offer remedies which fully resolve these concerns. They now have five working days to submit proposals. Colin Raftery, Senior Director of Mergers at the CMA, said: “Scampi is a popular choice when eating out in the UK, with over 20 million servings sold to restaurant, café, and pub goers every year. These venues are already facing significant cost pressures, and it’s critical that we don’t allow a loss of competition to make things worse.

“Kilhorne Bay is a relatively small player, but Whitby Seafoods already faces only very limited competition when competing for foodservice customers – so the deal would leave customers facing the risk of higher prices and lower quality products.”

Rosehill Polymers agrees multi-million pound package to boost international growth

A multi-million-pound deal with Virgin Money and UK Export Finance means Sowerby Bridge-based Rosehill Polymers Group can complete a management buyout and stretch its markets beyond the 550 suppliers and 52 countries it currently serves. The UKEF-backed funding package from Virgin Money will help Rosehill to complete a management buyout, continue its worldwide growth and accelerate its move into new international markets. A key growth area that Rosehill will focus on is the decarbonisation and modularisation of construction materials used within the rail and highways sectors, by expanding its design, development and production of products using recycled materials as a primary raw material. Rosehill anticipates that its continued development within this sector will create new highly skilled job opportunities, both across its production sites in West Yorkshire as well as in its supply chain. The funding package includes a UKEF General Export Facility loan guarantee which covered 80% of the financing, enabling Virgin Money to complete the transaction. The GEF product is a flexible government-supported scheme that helps UK export businesses to access working capital facilities, helping to improve cashflow or speed up international trade growth. Dr Alexander Celik, managing director of Rosehill Polymers Group said: “This new funding package from Virgin Money will enable Rosehill to pursue our growth strategy as we focus on developing sustainable solutions for both the infrastructure and energy markets across the globe. I would like to express my thanks for the exceptional support and service that Rosehill have received from Virgin Money and we look forward to a long, successful, and profitable relationship with them.” Since 1988, Rosehill Polymers has established itself as a market leader in the design, development and manufacturing of sustainable polymer systems at their facilities in Sowerby Bridge, West Yorkshire. The business serves a range of markets and industries including offshore energy, highways, rail, and security. Rosehill exports its products to over 550 customers in 52 countries across the world, manufacturing many of its products using recycled and low-carbon-impact materials.