“This is our clean energy superpower mission in action, kickstarting growth, delivering energy security and transforming towns and cities as part of the transition in manufacturing hubs such as Hull.”
Government promises bonuses to companies investing in industrial and coastal areas
East Lindsey Council moves to exit nuclear waste site process
East Lindsey District Council is preparing to withdraw from discussions on a potential nuclear waste storage site in Lincolnshire, signaling a shift in its stance on the controversial project.
The council initially joined a Working Group in 2021 to explore the feasibility of using the former gas terminal in Theddlethorpe as a Geological Disposal Facility (GDF). However, Nuclear Waste Services (NWS), the government agency overseeing the project, has since identified a different location—four square kilometers of agricultural land between Gayton le Marsh and Great Carlton—as a preferred site.
Council leaders now argue that the new location, which has no history of industrial use and sits in a rural area near the Lincolnshire Wolds, is unsuitable for such a facility. The council has also raised concerns about additional infrastructure, including the potential construction of pylons in the area as part of the National Grid’s Grimsby to Walpole project.
As a result, East Lindsey District Council plans to withdraw from the process. However, Lincolnshire County Council remains involved, and a formal public support test is still planned for 2027. If the county council also withdraws, the siting process in Lincolnshire would likely end.
Nuclear Waste Services has acknowledged East Lindsey’s concerns and thanked the council for participating in the discussions. The agency is also considering two other potential sites in Cumbria.
Yorkshire and Humber sees surge in business start-ups, decline in insolvencies
New business registrations in Yorkshire and the Humber increased by 35% in January 2025, while insolvency-related activity dropped by 30%, according to new data from the UK’s insolvency and restructuring trade body, R3.
The region saw 4,375 new businesses launch in January, up from 3,235 in December. This rebound follows a 16% decline in start-ups at the end of 2024. Meanwhile, insolvency-related events—including liquidations, administrations, and creditors’ meetings—fell after a slight uptick in December.
The trend was reflected across the UK, with business formations rising in all regions. The East Midlands saw a 37% increase, while East Anglia recorded a 36% jump. Northern Ireland experienced the slowest growth at 14% and was the only region where insolvency-related activity increased by 50%. The East Midlands had the steepest drop in insolvencies, down 43%.
The figures indicate renewed business confidence across the UK, particularly in Yorkshire and the Humber, where entrepreneurs are taking advantage of improving economic conditions.
£15.5m car park to be built in Bridlington
New tourism opportunities highlighted at Lincolnshire Business Conference
Businesses in Lincolnshire’s tourism sector gathered this week for a fully booked conference focused on emerging opportunities in the visitor economy. Discussions centred on film tourism, nature tourism, and the expansion of the King Charles III England Coast Path as key drivers of future growth.
Organised by Lincolnshire County Council’s economic development team, the event showcased the increasing impact of the Visit Lincolnshire website in promoting the region. Industry experts, including Location Lincs and BBC Springwatch representatives, shared insights on how local attractions can capitalize on shifting travel trends.
Recent data by the Lincolnshire County Council highlights the growing importance of tourism to the local economy. In 2023, the sector contributed £2.9 billion to Greater Lincolnshire and supported more than 23,000 jobs. The Visit Lincolnshire website saw a 33% increase in traffic in 2024, with a conversion rate significantly above industry averages.
Film and TV play a larger role in travel decisions, with nearly 30% of travelers influenced by on-screen locations. Lincolnshire’s historic sites and landscapes provide opportunities to attract visitors through productions filmed in the region. The county’s birdwatching sites are also among the UK’s top destinations for nature enthusiasts.
The ongoing development of the King Charles III England Coast Path also presents a major draw. Once completed, it will be the world’s longest-managed coastal walking route, with 124 miles passing through Greater Lincolnshire.
The conference provided a platform for businesses to connect, exchange ideas, and explore ways to navigate current industry challenges while capitalizing on new opportunities in the tourism sector.
Property developer purchases brownfield sites from Bradford Council for affordable homes
West Yorkshire Mayor launches million-pound challenge for young people and businesses with big ideas
Doncaster’s airport gets financial boost to progress re-opening
UK manufacturers on edge over potential US tariffs
A new survey by the British Chambers of Commerce (BCC) Insights Unit highlights growing concerns among UK businesses about potential US tariffs. The research, conducted between January 20 and February 7, surveyed over 1,000 firms, including more than 250 manufacturing exporters.
While the US had imposed tariffs on Chinese goods and announced plans for levies on Canada and Mexico during this period, no new charges had been placed on UK imports. Despite this, 10% of all businesses surveyed believe US tariffs would have a significant impact, with around 22% expecting a slight impact. Among manufacturing exporters—the most vulnerable sector—28% anticipate significant disruptions, while 34% foresee a minor effect.
Trade policy experts warn that the global tariff landscape is shifting, requiring a measured response from UK policymakers. With tariff quotas set to expire in a month, businesses are urging the government to adopt a flexible approach while avoiding unnecessary retaliatory measures.
Despite the uncertainty, analysts point to the UK’s strong trade relationship with the US, particularly in services, which remain unaffected by tariffs. However, businesses could face broader economic disruptions if global trade tensions escalate. Companies are advised to monitor shifting trade patterns, particularly in sectors like textiles and footwear, and remain vigilant against unfair trading practices.