Senior banker advises firms: Get on board with AI, offer flexible payment options, and invest in store environment

0

Businesses that succeed in the year ahead are likely to be those who start to incorporate AI into their operations, offer flexible payment methods and invest in their store environments, as well as those with clear fundamental mission.

That’s the view of James Sawley, HSBC Corporate Banking’s head of retail and hospitality, who met representatives from York’s retail and hospitality sectors at City of York Council’s HQ for an industry forum.

He guided business leaders through an in-depth look at the  brands and market shares which have grown and contracted over the past two years, and shared his predictions for high street businesses over the next 12 months. Pointing to the strengths of York’s independent business community, James identified independent businesses with a focus on customer experience as one of the most promising areas of the nation’s retail economy. The event also featured presentations from The Retail Institute and York College, who discussed the skills and intelligence support schemes they offer for retail and hospitality businesses in our region. Olga Munroe, Director of the Retail Institute at Leeds Beckett University, spoke about how the retail and hospitality sectors can benefit from academic research into changing social, political and environmental factors. This approach can help businesses understand the bigger picture of the complex factors influencing their operations, and help them create an evidence-based plan for the future. York College also shared insights into workforce and skills, presenting the wide variety of qualifications they offer to help businesses understand how a diverse workforce equipped with in-demand skills. They also spoke about the close relationship the College has with the city’s business community, working together to understand the type of education and skills that are most needed by these sectors. Mr Sawley said:It was great to meet with retail and hospitality operators in York and share my experiences as a major lender to this important sector to the UK economy and the thousands of communities it serves.”  

New advice aims to help Lincolnshire SMEs on Net Zero journey

A new initiative called Low Carbon Lincolnshire has been launched by Business Lincolnshire offering tailored workshops for SMEs keen to shift to sustainability. A series of fully-funded workshops and supporting materials will be delivered by the business support team at PECT, an environmental charity based in Peterborough, which already works with more than 300 organisations on sustainability and decarbonisation projects. Says Councillor Colin Davie, Executive Councillor for Economy & Place at Lincolnshire County Council: “Business Lincolnshire’s Low Carbon Lincolnshire programme offers vital support to our local SMEs. These fully funded workshops are a gateway for small businesses in Greater Lincolnshire and Rutland to embrace sustainability and contribute to the broader Net Zero mission.  A crucial initiative for a greener and more resilient business landscape in our region.” The UK has set an ambitious goal of becoming Net Zero by 2050, and many large businesses have pledged to bring their target forward to 2030. Whilst there is guidance for larger organisations, the national objective requires the involvement of all sectors, including small businesses, which constitute 99% of the UK’s enterprises and employ 60% of the workforce. Introductory webinars:
  • Energy Management – Wednesday 21st February 2024,1pm-2pm
  • Supply Chains – Thursday 29th February 2024, 9am-10am
With many more webinars to follow, find out more about what is available by visiting our Low Carbon Lincolnshire page.

More than 30 businesses attend Market Rasen breakfast briefing

More than 30 business delegates have attended a West Lindsey District Council breakfast briefing at Market Rasen Golf Club tolerant about the latest initiatives and support packages available to them.
The council’s Director of Planning, Regeneration and Communities at West Lindsey District Council, Sally Grindrod-Smith said: “We recognise the vital role that local businesses play in driving our economy forward, and ensuring they have access to the necessary support is paramount. By fostering collaboration and providing resources, we empower our business community to thrive and contribute to the prosperity of our district.”
James Makinson-Sandars, Economic Growth Team Manager at the Council, said: “The breakfast briefing served as a valuable platform for local business to gather insight, make connections, and explore avenues for growth and development. With ongoing support and collaboration, the business community in West Lindsey is poised for further success.”
Nicky Brooksbank from The Bistro Bar and Kitchen in Market Rasen, shared her experience of receiving business support. She explained how her business had benefited and improved since engaging with the support available from Clare Bailey via West Lindsey District Council‘s bespoke business support offering.
Hayley Wallis from the Cross Keys Gastro Pub and Tearoom at Stow said: “The networking element of today’s session has been the most useful to us and I have been able to make new contacts and start to explore collaboration opportunities whilst here today.”
Liza Williams from Andy’s Hospice added: “I’ve found this morning a great opportunity to highlight the work we do. This is the first West Lindsey District Council business breakfast I have attended and I am already looking forward to the next one.”

Chair of R3 in Yorkshire appointed as King’s Counsel

Eleanor Temple, chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire, and a barrister at Kings Chambers in Leeds, is set to be appointed as King’s Counsel by His Majesty The King, based on the recommendation of The Lord Chancellor. Eleanor will officially take her oath at a ceremony on 18 March at the Palace of Westminster.

Eleanor has been regional chair of R3 in Yorkshire since 2017 and is one of the UK’s leading insolvency barristers. Her practice primarily centres on commercial litigation for both domestic and international clients, covering areas such as insolvency, company law, partnership actions, banking and finance, guarantees, civil fraud, contract disputes, breach of trust and fiduciary duties, asset tracing claims and directors’ disqualification.

Eleanor also serves as the North Eastern Representative of the newly formed NBPBA (Northern Business and Property Bar Association), the Co-Chair of the Yorkshire Pro Bono Committee, and regularly sits as a Recorder and BPC Deputy District Judge on the North Eastern Circuit.

Andrew Singer KC, head of King’s Chambers, said: “Eleanor thoroughly deserves her appointment as KC which rightly marks her expertise and excellence.”

Eleanor is an Insolvency Service Equality and Diversity Champion and has long been an advocate of diversity and inclusion in the professions and the judiciary. As a former student of Guiseley School in Leeds, she hopes to use her appointment as a KC to encourage others to believe the higher echelons of the professions are open to all.

New employment site and Castleford Tigers stadium redevelopment recommended for approval

Castleford Tigers and Axiom Yorkshire’s plans for a major upgrade to the Wheldon Road stadium and a significant new employment development on the Axiom site, at Junction 32 on the M62, have been recommended for approval by Planning Officers and will be discussed at Wakefield Council’s Planning Committee on Thursday 15 February. If planning is approved for both projects, the circa £200 million Axiom Yorkshire proposals will deliver new employment, logistics and manufacturing floorspace, providing around 1,830 permanent full-time jobs in Castleford, with a further 365 ‘spin-off’ jobs created within the Wakefield Council area. Furthermore, during construction approximately 1,500 on and off-site construction jobs per year are likely to be generated at both Wheldon Road and the Axiom employment site. Once fully operational, this significant job creation at the Axiom site is calculated to generate around £142 million of local economic activity per year. The Axiom site will also provide approximately £3.2 million per year of additional Business Rates when fully occupied. In addition to major economic benefits for Castleford and the surrounding area, the Axiom proposals would provide £12.2 million of funding towards major upgrades at Castleford Tigers’ Wheldon Road home. With a further £2 million from Wakefield Council’s Rugby League Resilience Fund, improvements to the Wheldon Road stadium will bolster the club’s ability to meet the Grade A status required to secure long-term Super League status. The plans will deliver a much improved matchday experience for fans, players and officials alike. Proposed improvements to Wheldon Road include a new all-seater main stand and refurbishment of the three existing stands. A new banqueting suite and corporate hospitality function will help the club to generate much-needed additional revenue, including on non-matchdays. An upgraded stadium will also enable the Castleford Tigers Foundation to deliver additional work of social value in the community, which has been calculated as being worth the equivalent of an extra £19.6 million of spending per year. Axiom will also deliver £15 million of highways improvements to the Junction 32 roundabout. According to the Council’s planning committee report, the Wheldon Road proposals have been supported by 2,256 people and the Axiom application has had 2,101 representations in support. Mark Grattan, Castleford Tigers RLFC Managing Director said: “Everyone knows how important the club is to the town and we take seriously our responsibility to maintain professional rugby in Castleford. However, it is no secret that the available money within the sport is diminishing. “Without significant external funding, like that offered by the Axiom proposals, there is no realistic prospect of us raising the money required to pay for the major improvements to our stadium which are necessary over the long term. “In turn, significantly improved banqueting and hospitality facilities will help us to substantially increase non-matchday income to the benefit of the club. We are also desperately keen to improve facilities for supporters with disabilities. The proposed stadium improvements will also deliver a new base for the Tigers Foundation which does so much important work within our community. “It is critically important that we secure approval for both the planning application for the Wheldon Road improvements and the Axiom proposals which pay for them.” A spokesperson for Axiom Yorkshire, owners of the Junction 32 site said: “We are pleased that both planning applications have been recommended for approval by Wakefield Council’s Planning Officers. If approved the Axiom proposals alone will deliver around 2,200 permanent jobs, alongside further jobs at the stadium and during the construction period. “The cumulative beneficial impact of this level of job creation, combined with the social-economic benefits to the area and the circa £142 million boost to the Wakefield economy, will deliver significant and lasting benefits for Castleford. It is now for planning committee members to make their decision on both applications.” The planning application for the Axiom site at Junction 32 proposes development of up to 141,085 sq m of employment floorspace, across approximately 13 units of varying sizes. The development will benefit from a total of 22 acres of public open space and landscaping, which will help to minimise the visual impacts of the development. In total, some 40,000 new trees will be planted and around 3 miles of new public paths and cycle routes provided, opening the site up for community use and linking residential areas to the east of the site with Xscape, Junction 32 Outlet Centre and Glasshoughton railway station. Wheldon Road will benefit from a new all-seater main stand. As well as much improved ‘back of house’ sporting facilities for players and officials, a banqueting suite and corporate hospitality function rooms will provide new opportunities for income generation. Upgraded facilities at Wheldon Road will deliver major improvements to be enjoyed by all fans, including new catering facilities and toilets. Importantly, improved accessibility and much enhanced viewing areas will transform the matchday experience for fans with disabilities.

Steel remains the material of choice for Britain’s buildings, survey finds

Steel still dominates as the structural framing material of choice with market share growth in key UK construction sectors in 2023, according to an independent survey. The 2023 Construction Markets’ survey, commissioned by the British Constructional Steelwork Association (BCSA) and marketers Steel for Life, looked at non-residential multi-storey, non-residential single storey and residential buildings. The key non-residential multi-storey sector includes offices, retail, leisure, health and education. BCSA Chief Executive Officer David Moore said: “The survey shows that steel remains the preferred choice of the UK construction market across all the building types analysed. With the total UK consumption of constructional steel in 2023 at 893,000 tonnes, it is clear that steel has out-performed other framing materials and retained its market share in some areas and increased it in others. “The cost-effectiveness of steel, its adaptability, speed of construction and contribution to the circular economy through reuse and recycling are all factors that continue to be valued by developers, contractors, designers and building users alike. “I’m confident that future market share surveys will continue to illustrate the dominance of steel as a framing material.” British Steel Commercial Director Ben Cunliffe said: “British Steel would entirely support the BCSA comments regarding steel being the material of choice, which is around 70% of commercial buildings whereas in Europe its concrete dominated with steel share less than 30%.”

Garden centre owners fined £18,000 for sale of unsafe scatter cushions

The company which runs Hornsea Garden Centre has been fined £18,000 for selling unsafe scatter cushions. Woodthorpe Hall Garden Centres Ltd, of Woodthorpe, Alford inLincolnshire put in a guilty plea to six charges of breach of Regulation 11 of the Furniture and Furnishings (Fire) (Safety) Regulations 1988, contrary to Section 12(1) of the Consumer Protection Act 1987. The company was fined £3,000 for each charge, and ordered to pay costs of £4,854, and a victim surcharge of £2,000. The cushions were forfeited and destroyed. East Riding of Yorkshire Council trading standards officers carried out a routine inspection at Hornsea Garden Centre, during which a display of non-labelled cushions was identified. Two were taken away for further inspection.Samples of the cushions were sent off for flammability testing at Fire International Ltd, which showed all the samples failed the flammability testing. Daniel Padgham, East Riding of Yorkshire Council’s trading standards manager, said :  “These cushions were very dangerous and posed a serious fire risk to those who had bought them. The company involved in this case is an experienced trader which failed in its obligations in relation to the safety regulations when simple physical checks would have revealed the inadequate labelling of the products. “I would urge anyone buying items such as cushions and soft furnishings to ensure they have the correct safety labels attached so they know the items they are taking into their homes are safe.”

Steady Yorkshire industrial market in 2023 with positive outlook for 2024

Occupier take up of industrial units in Yorkshire has settled back to pre-pandemic levels, says Knight Frank.The latest Yorkshire Industrial LOGIC report compiled by commercial property experts Knight Frank concluded that in 2023, occupational transactions in South Yorkshire was focused on units under 250,000 sq ft, with distribution firms dominating over half of the annual take-up totalling 1.3m sq ft.Whilst in West Yorkshire, take-up recovered from the record low level of 909,000 sq ft posted in 2022 to 1.6 million sq ft last year, mainly due to a steady delivery of new speculative space to the market.Knight Frank anticipate demand across the size spectrum in 2024 with a continued focus on quality and prime locations. Headline rental growth is expected to remain positive and move forward, with average growth of 3.3% forecast for 2024 for Yorkshire & the Humber – with a 4.06% forecast for Sheffield and 3.48% forecast for Leeds (RealFor).Across Yorkshire, occupiers continued to prioritise quality and ESG standards with new builds and second hand, good quality grade A space proving most popular.Talking about South Yorkshire and North Derbyshire, Rebecca Schofield, partner and head of the Yorkshire industrial team at Knight Frank, said: “2023 take-up was more in line with pre pandemic transaction levels, with the majority of units let being sub-250,000 sq ft. “There was a shortage of larger transactions last year with third-party logistics companies (3PLs) almost absent from the market. Many had their own surplus ‘grey’ space to back fill, which was their main focus.”Looking ahead for 2024 Rebecca added: “We have started to see a number of new requirements enter the market across the size spectrum, which we hope to see move forward during the first half 2024. We have seen demand for space from 3PLs, end occupiers and manufacturers. “The region has seen a number of new development completions, along with second-hand stock returning to the market, resulting in a healthy supply of buildings, giving occupiers a wider choice. The requirements in the market appear serious about acquiring premises but decision making is taking a little longer.“Key occupier deals in South Yorkshire last year included Gem Imports acquiring 186,000 sq ft at Arrow 186 in Barnsley; Butternut Box taking 132,750 sq ft at Symmetry Park in Doncaster, and JLA acquiring 109,000 sq ft at Mirastar’s new Catalyst development J33 M1.” Reviewing West Yorkshire & the Humber industrial sector, Iain McPhail, partner in Knight Frank’s Leeds office, said: “We have witnessed a ‘flight to prime’ from occupiers over the last 12 months, with well-located developments with good motorway links and high ESG credentials attracting a good deal of interest, for example, Leeds Valley Park and Velocity Point, both in Leeds.“While occupiers continued to display a sense of cost conservatism, the steady delivery of new, speculative space to the market towards the last quarter of 2023 has created more choice and contributed to a gradual recovery in take up from its record low in 2022. “Key occupier deals in West Yorkshire and the Humber region in 2023 included Advanced Supply Chain’s pre-let of  230,000 sq ft at Super B Cleckheaton; XPO’s move to 211,364 sq ft at Voltaic in Wakefield; IFCO’s 153,323 sq ft pre-let at Prism Park in Wakefield; and Siemens Mobility’s pre-let of 94,841 sq ft at Point 36 in Goole.“A significant volume of new build space reached practical completion during the final quarter of 2023 (c. 1.3 million sq ft, units 50,000 sq ft+). Consequently, the supply of immediately available space steeply rose to 4.2 million sq ft by year-end, increasing the vacancy rate from 4.3% in Q3 to 6.3% in Q4. However, 22% of this available space is currently under offer.”Looking ahead at 2024 he added: “Several new build mid-box units are under offer in the region, which will see quoting rents increase again from £8.75 per sq ft to circa £9.50 per sq ft in early-mid 2024.“Similar to South Yorkshire, after a quiet 2023 from the 3PL market in the region, we are starting to see more contract-led requirements return, so expect more activity in this sector.“New development is being hindered by the absence of speculative institutional funding with the exception of Baytree Developments’ two unit proposed speculative development in south Leeds which should commence shortly. Consequently, we expect the medium-term pipeline of units over 50,000 sq ft to remain constrained in the region, adding to the view that rental growth may continue to steadily rise.”

Work begins on Starbucks drive-thru at Grimsby business park

Construction has begun on a Starbucks drive-thru café at Europarc, the business location on the south bank of the Humber. The coffee house will serve the growing community of workers and visitors to developer Wykeland Group’s Europarc business park in Grimsby. The 1,800 sq ft, single storey drive-thru and eat-in café will have additional external seating and 22 car parking spaces, including four electric vehicle charging bays. Construction work has now begun, with the facility expected to open its doors this summer. Having successfully taken the Starbucks facility through the planning process, securing approval from North East Lincolnshire Council, Wykeland has sold the site to property and development company Burney Group, which will deliver and let the café to Starbucks franchise K Beverage. Wykeland Development Director Jonathan Stubbs said: “The arrival of Starbucks will add to the appeal of Europarc and provide a high quality new facility for employees and visitors to enjoy. “Europarc is firmly established as the location of choice on the south bank of the Humber for leading businesses and we continue to see strong demand from companies keen to invest on site. “Having worked closely with Burney Group in securing planning approval, we’re delighted to have concluded a deal to sell the land, which enables the new Starbucks drive-thru café to be taken forward and delivered. “Burney Group has a proven track record of delivering high-quality roadside retail developments of this kind across the UK, including a number of other Starbucks drive-thrus. They share our commitment to job creation and economic development and it’s been a pleasure to work with them on this project.” Developed and owned by Wykeland, Europarc has more than 800,000 sq ft of business space, with over 2,500 people employed on site. Blue chip occupiers include supermarket giant Morrisons, Humber Seafood Institute, Ultimate Packaging, the Hain Daniels Group and 2 Sisters Food Group.

Sheffield water and air hygiene management specialist acquired

BGF-backed Environmental Essentials has completed its second acquisition. The asbestos service providers has acquired Sheffield and Sandbach-based Quality Environmental Services Limited (QES) for an undisclosed sum, providing a significant route into the water / air hygiene sector. The deal follows the acquisition of Adams Environmental in November 2022, which was supported by follow-on funding from BGF. In total, BGF has invested £5.6 million in Environmental Essentials, as it looks to cement its position across the UK as a ‘one-stop-shop’ for key compliance services, including asbestos management, water hygiene and fire risk management. QES is a water and air hygiene management specialist, employing 35 people and working across food manufacturing, healthcare, leisure and hospitality, and education, to develop and deliver air and water quality regimes to organisations. As part of the deal, co-founders, Tim Jones and Dave Beatson, will remain with the business, bringing a wealth of water and air hygiene expertise to Environmental Essentials. Richard Powner, executive director and co-founder of Environmental Essentials, said: “The acquisition of QES makes perfect sense for Environmental Essentials. Water hygiene, air hygiene, and asbestos management, are three major areas of compliance and highly complementary from a business perspective. “By incorporating the wealth of expertise and capabilities of QES into our business, we can diversify our offering and gain national coverage for our water hygiene services. “Not only does it allow us to cross-sell our existing services into new and untapped markets, while providing our workforce with a fantastic opportunity to upskill in the area of water and air hygiene, but it also strengthens our compliance proposition, which includes our recently launched online risk management tool, OMNI.” BGF investor, Jon Earl, added: “The acquisition of QES is yet another demonstration of the team’s ambition and desire to build a company that has the strength and depth, in personnel, services and technological capabilities, to meet the growing needs of customers across the compliance landscape. “BGF’s aim is to invest in innovative and exciting businesses that are vital to the country’s economic growth – dynamic businesses that are well positioned to seize opportunities and manage a multitude of challenges in a measured way. Environmental Essentials is an excellent example of this and we’re delighted to be supporting them with their latest acquisition.”