“This has included radical steps such as creating a National Security Unit for Procurement and giving Ministers the power to prevent suppliers from bidding for certain products where there is a risk to national security it will deliver lasting change which protects the UK for generations to come.”
Parliamentary Secretary for the Cabinet Office Alex Burghart said: “This Act is all about supporting British business using the opportunity of Brexit, as we change the way government works so it delivers better for people across the country. In particular, we draw on the new freedoms available to us by leaving the European Union to embrace and best support our small and medium sized businesses. “The Act will streamline the way that companies bid for public contracts, while also giving procurers more room for negotiating prices and innovative solutions with these companies. “These reforms will deliver better value for money, slash red tape, drive innovation and make it easier for suppliers of all sizes to do business with the public sector “It will also be possible to exclude suppliers from bidding for contracts, not only if they’ve performed badly on other contracts in the past, but also based on modern slavery or professional misconduct grounds.” The Government is also committing to publish a timeline for the removal of surveillance equipment produced by companies subject to China’s National Intelligence Law from central government sensitive sites. Government will also produce an annual written report to Parliament detailing progress on this commitment.New laws create one of UK’s largest-ever procurement rules shake-up
Cooked poultry from Grantham wins first Japan export scheme registration
“Supporting economic growth and local businesses is a priority for the council, including global food export at a time when import and export has presented national challenges.”
Beatriz Curran, International Business Development Manager at Moy Park said: “We are incredibly proud to be the first UK business set to benefit from this fantastic export opportunity. As a company, we are wholly focused on the highest standards of food safety, integrity and animal welfare and so we are thankful to collaborate with industry and partners to successfully reach this new market.
“With the momentum from this progress, we are confident that we can grow this export opportunity even further across our facilities given the technical excellence, focus and energy of our talented team and partners.”
£60k loan secures some jobs and creates others for walking stick company
York-based walking stick manufacturer Neo Walk is to expand, hire three people and safeguard nine jobs thanks to a £60k loan secured by the Business Enterprise Fund.
From an idea born a decade ago in Lyndsay Watterson’s kitchen the company now sends acrylic walking sticks to customers worldwide.
As the sole director of Neo Walk, Lyndsay has steered the company toward international acclaim, selling their elegant walking sticks exclusively through its dedicated website.
In 2007 Lyndsay contracted MRSA after a medical procedure, resulting in irreparable damage to her left leg. Three years later, at age 43, she made the courageous decision to have her leg amputated.
She swiftly adapted to using a prosthetic leg and trained to be a circus performer and took part in the 2012 Paralympics Opening Ceremony in London.
Recognising the immense potential of Neo Walk, the company sought support from the Business Enterprise Fund. BEF responded by delivering a £60,000 loan which was backed by the Recovery Loan Scheme. The seamless four-week loan delivery process involved Lyndsay working closely with Chris Conroy, investment manager at BEF.
The impact of this financial support extended beyond Neo Walk. It significantly boosted working capital, leading to the creation of one full-time job and two part-time positions, while also safeguarding nine existing jobs.
Lyndsay said: “Life may present unexpected challenges, but it’s in our power to turn them into opportunities. Neo Walk is not just about walking sticks; it’s a symbol of resilience, individuality, and the limitless potential within us all.”
Chris Conroy, investment manager at BEF, said: “The investment reflects our commitment to supporting women-led businesses with the finance they need to start or grow their business and impact the communities they serve. Supporting Lyndsay and Neo Walk has been incredible. Lyndsay’s tenacity and dedication to innovation is awe-inspiring. We are honoured to be a part of her remarkable journey and wish her every success as she continues to grow the business.”
Recently, Neo Walk joined forces with Christina Applegate, a renowned American actress who, despite her recent diagnosis of Multiple Sclerosis, continues to inspire millions. Together, they unveiled a limited-edition walking cane, symbolising strength, elegance, and the indomitable spirit.
Leeds engineering services group acquires nuclear manufacturing specialist
Renew, the Leeds-based Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, has acquired the entire issued share capital of T.I.S. Cumbria Ltd (TIS), for a total cash consideration of £4.7m.
Based in Cumbria, TIS is a nuclear manufacturing and fabrication specialist. In line with the Group’s strategy, the acquisition enhances Renew’s nuclear services offering by immediately doubling manufacturing capacity and strengthening Renew’s position in the growing nuclear decommissioning and new build markets.
Paul Scott, Chief Executive Officer of Renew, said: “This acquisition will allow Renew to continue to support its existing clients and take advantage of increasing demand across the decommissioning and new nuclear build programmes.
“The added manufacturing capacity will allow Renew to better support its existing clients, as well as strengthening its broader market position.
“TIS represents an excellent strategic fit with our existing multidisciplinary nuclear capability, which offers attractive long term structural growth opportunities underpinned by highly visible committed regulatory spend in a sector that we know extremely well. I am delighted to welcome the management and staff of TIS to the Renew family.”
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Historic Sheffield manufacturer placed into administration
Thessco Ltd, manufacturers of brazing alloys and contact materials since 1760, has been placed into administration with Joanne Hammond and Kris Wigfield of Begbies Traynor appointed as joint administrators.
One of the world’s largest manufacturers of silver brazing alloys, metal joining products and industrial silver alloys, Thessco has its head office and production site in Royds Mills, Sheffield.
The company ceased to trade upon the appointment of administrators with the expected loss of all 47 jobs. The administrators are currently working to ensure the best return for creditors.
The company’s directors said: “It is with heavy hearts that we have been forced to make the decision to close Thessco Ltd in Sheffield, following a year of turbulent market forces. Spiralling energy prices, increased raw material costs and the significant rise in finance costs have all had a huge impact on the business.
“We would personally like to thank all our staff for their hard work and dedication, and all our customers and suppliers for their loyalty.”
Joint administrator Joanne Hammond said: “It is very said to see the demise of such a historic Sheffield business, but, unfortunately, market conditions make it unviable for it to continue. As well as supporting employees, we will be seeking the best return for creditors and anyone interested in purchasing plant or machinery should contact us.”
The Attercliffe site has been occupied by Thessco, which was originally The Sheffield Smelting Company, since 1788. In recent years, it has developed to include the busy tenanted Solpro Business Park which will continue to operate as part of Solpro Manufacturing Limited, hosting a variety of businesses.
Thessco SAS in France will continue to serve all its traditional precious metal markets both within the EU and the UK.