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Goldthorpe logistics company grows with grant
Architects appointed to lead Sheffield Town Hall restoration
My Pension Expert secures £25m refinancing to support expansion
My Pension Expert, a UK-based at-retirement advisory firm, has secured a £25 million refinancing deal through digital lender OakNorth. The agreement is set to aid the company’s expansion, particularly through acquisitions, following a strong trading performance.
The funding will enable My Pension Expert to settle its previous debt with Beechbrook and provide additional capital for future mergers and acquisitions. The firm, which offers independent pension advice through remote consultations, is backed by Palatine Private Equity, which invested in the business in 2022.
Acquisitions are central to the company’s growth strategy, as demonstrated by its recent purchase of adviser Tenet&You in May 2024. The acquisition supports My Pension Expert’s goal to increase its market presence and value through strategic partnerships.
The refinancing deal reflects the company’s ongoing organic growth, and future acquisitions are expected to build on its success. The firm’s leadership is optimistic about its ability to continue expanding rapidly and innovating within the sector.
Major expansion of York business park completes
UK project aims to cut offshore wind farm maintenance costs with autonomous robotics
A new initiative funded by Innovate UK is working to revolutionise offshore wind farm maintenance with autonomous robotic systems. Sheffield-based robotics company BOW has teamed up with ORE Catapult and ACUA Ocean in the OSIRIS project, which aims to combine drones and subsea robots to streamline operations, reduce costs, and improve safety in offshore renewable energy.
Currently, maintenance operations account for around 25% of the lifetime costs of offshore wind farms. Traditional methods rely heavily on human intervention, which is costly, time-consuming, and exposes workers to safety risks. The OSIRIS project seeks to address these challenges by deploying a fully autonomous inspection system that will be scalable and cost-effective.
BOW’s role in the project is focused on enhancing simulation and testing capabilities. The company’s software development kit (SDK) will integrate with ORE Catapult’s Synthetic Test and Unified Demonstration System (STUDS), allowing for more efficient testing of robotic systems in various environmental conditions before they are deployed in real-world offshore settings.
The project will also see ACUA Ocean’s hydrogen-powered unmanned surface vessel (H-USV) deployed as the central hub for managing and coordinating aerial and subsea robots. The combination of these robotic systems aims to reduce reliance on crewed vessels, cutting emissions and improving operational efficiency.
The initiative is part of the UK’s broader efforts to increase offshore wind capacity, with the government aiming to quadruple its offshore wind capacity by 2030. By integrating robotics into offshore wind farm operations, the project is not only set to reduce costs but also accelerate the transition to a Net Zero energy sector.
Expected to be fully operational by 2027, the OSIRIS project could set the stage for broader applications of autonomous robotics across the marine industry.
Yorkshire business confidence falls in April
Network Rail appoints Henry Boot Construction to deliver low-carbon Maintenance Delivery Unit in North Lincolnshire
Yorkshire mid-sized firms look overseas despite trade and skills pressures
Nearly one in five mid-sized businesses in Yorkshire plan to expand or boost exports in the next year, according to new research from BDO. The report reveals a clear international focus, even amid uncertain trading conditions and operational challenges.
The survey of 500 mid-sized UK firms found that 18% of Yorkshire businesses are prioritising international growth. Target markets include South America, Australia, and the EU, each cited by 44% of those eyeing exports. Africa also attracted attention from 35% of respondents.
However, growth ambitions are running up against several barriers. Around 24% of firms in the region report shortages in export and supply chain skills, while 12% are seeing weaker demand, likely linked to inflationary pressures and squeezed budgets among both business clients and consumers.
Despite these issues, sentiment remains broadly positive. The vast majority (94%) of Yorkshire mid-sized businesses believe the UK Government’s upcoming Small Business Strategy will help them. A quarter are calling for specific reforms to simplify customs processes and expand support through channels such as UK Export Finance.
The findings reflect a continued appetite among regional firms to scale up internationally, with many looking to government policy and local authority partnerships to help navigate a complex global trade environment.
Yorkshire launches summit to drive ESG action in the events industry
The Yorkshire Events Sustainability Summit (YESS) will debut on 16 June at Horizon Leeds, targeting professionals across the events industry seeking to improve their environmental, social, and governance (ESG) impact.
Designed for venues, suppliers, agencies, and planners, the B2B-focused summit will feature panel discussions, workshops, and exhibitions with an emphasis on practical tools and peer-led learning. Topics will include carbon reduction, inclusive event design, mental health considerations, neurodiversity, and using technology to track and improve sustainability metrics.
A notable feature of the summit will be the release of the second edition of the Temperature Check Report, which will expand insights on sustainability trends across the UK and Europe. The event will also host Green Action Labs, covering sustainable catering practices, alternative approaches to carbon offsetting, and strategies to cut waste through digital innovation.
Backed by organisations including Conference Leeds, Visit Hull & East Yorkshire, Make It York, and several local councils, YESS is positioning Yorkshire as a national hub for sustainable event practices. The event is produced by Your First, with support from Horizon Leeds, Production Light & Sound, and Soror Pro Consulting.
YESS is expected to become an annual fixture, aiming to move past ESG rhetoric and encourage collaboration across the sector.
ABF considers closure of Vivergo bioethanol plant as profits fall
Associated British Foods (ABF) is warning that its Vivergo bioethanol plant in East Yorkshire may be mothballed or closed, putting around 150 jobs at risk. The move follows sustained losses and production cuts caused by falling bioethanol prices.
The Vivergo facility, located in Saltend near Hull, converts UK-grown wheat into bioethanol fuel and animal feed. It was launched in 2007 but now faces operational uncertainty amid concerns over how UK biofuel regulations are being applied.
ABF is currently in discussions with the UK Government, seeking regulatory support to maintain commercial viability at the site. However, the company has indicated there is no guarantee of a resolution and may proceed with closure if market conditions fail to improve.
The situation coincides with a broader earnings decline at ABF. Pre-tax profits fell by 21% to £692 million in the 24 weeks to March 1, with revenues down 2% to £9.5 billion. Its sugar division was notably weak during the period.