British Steel creates bespoke rails for Belgium
North Yorkshire sees record number of companies despite economic challenges
North Yorkshire has hit a record high in business registrations, with 67,293 companies now operating in the region, up from 65,895 at the end of 2023. Over the past year, 8,830 new businesses were established across the county, including significant growth in cities like York and Middlesbrough. This data comes from the Inform Direct Review of Company Formations, using information from Companies House and the Office for National Statistics.
The national trend reflects similar growth, with the UK’s total number of companies rising to 5,637,210 from 5,476,772 in 2023, fueled by 848,192 new formations and 690,501 dissolutions during the year.
Northern Trust acquires Brighouse Business Village for £2.85m
Northern Trust Company has acquired Brighouse Business Village in Middlesbrough for £2.85 million. The multi-let industrial estate spans 41,224 sq ft across 29 units, ranging from 729 sq ft to 3,815 sq ft.
Located near the A66, the site is adjacent to Northern Trust’s existing properties at Collingwood Court and Harwood Court within Riverside Park Industrial Estate, roughly one mile from Middlesbrough Town Centre.
This acquisition boosts Northern Trust’s presence in the North East, increasing its portfolio to over 3 million sq ft. The company emphasised that the site’s strategic location enhances its ability to support local businesses and provides greater flexibility for tenants.
Sheffield strengthens international trade ties with focus on key business sectors
Sheffield’s leaders, including Council Leader Tom Hunt and Chief Executive Kate Josephs, recently visited Pittsburgh, USA, as part of an international strategy to boost trade and investment in key local sectors. The three-day trip saw them engage with over 50 representatives from 16 organisations, including government officials, business leaders, and academics.
The primary goal was to forge deeper ties in advanced manufacturing, health technology, cultural industries, and the tech sector. Sheffield is focusing on these sectors for growth, and the visit was designed to drive collaboration and investment in these industries. The city’s strong manufacturing and health tech capabilities align with Pittsburgh’s similar strengths, offering numerous opportunities for mutual business development.
Sheffield and Pittsburgh, sister cities since 1980, share a rich industrial heritage. Both are positioning themselves for future prosperity through international trade and investment. The visit laid the groundwork for continued collaboration, knowledge sharing, and potential business partnerships in both cities.
Siemens Mobility plots greener future at Goole Rail Village
Commercial property owners face challenges in meeting energy efficiency targets
A new study from the British Property Federation (BPF) revealed that most commercial buildings in key UK cities fall short of the government’s energy efficiency expectations. In a survey covering real estate in London, Manchester, Bristol, Leeds, and other major cities, 83% of commercial properties had an energy performance certificate (EPC) rating below B.
With stringent regulations looming, commercial building owners face rising costs and limited government guidance. The BPF’s analysis points to a significant gap, with only 17% of properties in cities like Manchester and London achieving the required EPC rating of A or B. The current rules, which set a target of EPC B by 2030, require an ambitious increase in retrofitting to meet the standards across millions of square feet of commercial space.
For example, while 20% of commercial buildings meet the minimum EPC B in Manchester, over 10 million square feet still need to be upgraded to meet the 2030 deadline. Nationwide, this translates to the need for 94,595 square metres of space to be upgraded daily over the next five years.
However, the BPF is critical of the government’s lack of response to consultations that addressed these issues. They argue that the proposed interim targets—EPC C by 2027—are now unrealistic, and without more explicit guidance from the government, property owners are left in limbo.
Rob Wall of the BPF stressed that the commercial real estate sector is committed to improving energy efficiency but requires clearer rules on compliance, exemptions, and enforcement. He added that the slow pace of progress could delay meeting the EPC B target unless the government offers immediate clarity on the path forward.
Business advisers and accountants, Fortus makes acquisition to support growth in Leeds
Plans for waterfront office building conversion to support college expansion
Leeds City College, part of Luminate Education Group (LEG), has submitted a proposal to convert the vacant Livingstone House office building at Leeds West Dock into an educational space. The six-story building, currently unoccupied, would be repurposed for both education and office use to accommodate Leeds City College’s expanding needs.
The conversion would help support the college’s growth strategy, enabling the facility to serve approximately 1,000 students. This move follows the college’s recent expansions, including the new Pudsey Sixth Form College and additional buildings at its Mabgate campus.
The project is expected to retain around 70 jobs and create more opportunities in the future. The planning statement highlights that the conversion aligns with local policies for sustainable economic development, benefiting the education sector and the local economy.
Raft of businesses to move into Sheffield’s Heart of the City development
Multinational companies, local independents, cafes, and creatives are among the five new businesses moving into Sheffield City Council’s Heart of the City development over the coming months.
They include Danish inspired HYGGE café, an independent local business who are expanding into the ground floor of Elshaw House whilst keeping their existing sites at Fitzalan Square and Eyre Street.
Global professional services company Turner & Townsend has also agreed to move into Elshaw House, becoming the second major business to take up space in Sheffield’s first zero-carbon office block. The multi-disciplinary project management and programme delivery firm has been working with Sheffield City Council and Queensberry on delivering the Heart of the City project. Chris Sargent, Managing Director, Real Estate UK at Turner & Townsend, said: “We are thrilled to be moving to Elshaw House, a pioneering development that aligns perfectly with our commitment to sustainability and wellbeing. “This move not only provides us with a larger, state-of-the-art workspace but also places us at the heart of Sheffield’s vibrant and transformed city centre. The exceptional amenities and green credentials of Elshaw House will undoubtedly enhance our team’s productivity and overall work experience. “We are especially proud to relocate to a building that we played a significant role in delivering as Project and Cost Managers as part of the Heart of the City II development. This achievement reflects our dedication to excellence and innovation, and we look forward to continuing our growth and success in this outstanding new location.”