Wakefield business park fully let
Farmers delighted to have won Government support after meeting at Number 10
- The publication of a Food Security Index.
- A commissioner for the farming sector who has a non-statutory responsibility for helping to facilitate and resolve issues between landlords, advisors, and tenants.
- Confirmation of £72 million to help combat endemic disease.
- A £22 million infrastructure grant for laying hens to help poultry farmers improve the health, welfare, and productivity of their flocks.
- £75 million of funding for internal drainage boards.
- New regulations in Parliament for eggs, fresh produce and pigs to ensure contracts in the sector are reasonable and transparent.
- £3 million of support for abattoirs.
- A new producer organisation offer for the UK horticulture sector.
- A blueprint for growing UK horticulture.
‘Could do better’: FSB verdict on HMRC’s customer service performance
Firms urged to continue carbon reporting in the wake of Government’s regulatory rule change
East Midlands accountancy and business advice practice Duncan & Toplis is urging employers to continue carbon reporting after proposed regulatory changes come into effect.
In March, the UK government published suggested changes to company size limits that will impact 131,000 companies nationwide by changing auditing thresholds and other reporting requirements, including carbon reporting obligations.
These changes could see 5,000 large companies reclassified as medium-sized, 13,000 medium-sized companies reclassified as small and 113,000 small companies reclassified as micro-entities.
While the reforms aim to reduce the non-financial reporting obligations for businesses, Duncan & Toplis is warning that companies could be at substantial risk if they don’t maintain existing obligations around sustainability.
Stuart Brown, Director and Head of Technical and Compliance at Duncan & Toplis said: “At first glance, businesses may think that the government’s changes to company size are an easy win that would simplify auditing and annual reporting – but there’s more to it than initially meets the eye.
“The proposed reclassification would mean that thousands of currently ‘large’ companies can take advantage of eased requirements to cut their admin spend, but it also means that thousands of businesses will no longer be required to report their carbon emissions to the government – as this only applies to large companies. This could prove especially problematic for companies that are effectively downsized by the move, potentially extending as far as limiting their access to loans if they cease their carbon reporting.”
The move has been projected to save £150 million per year for UK companies and while, on the surface, this will reduce the regulatory burden on thousands of companies, there may well be unintended consequences. The company highlights that the potential fallout from the reduced regulatory need to report carbon emissions could mean that they no longer appear committed to environmental sustainability – something that lenders, customers, suppliers and employees are increasingly invested in.
A recent study by the Journal of Banking & Finance found that banks in 30 countries globally are more likely to offer lower loan rates to companies that show clear environment and sustainability concerns – increasing their rates to companies that fail to do so. There are also concerns about the impact this may have on recruitment and retention.
Sally-Anne Hurn, Sustainability Champion at Duncan & Toplis, explains: “With figures from DWF showing that almost two-thirds of businesses are already losing out on recruiting new staff and tender agreements due to poor environmental, social and governance performance, further loosening the current requirements could put businesses at risk of losing customers, suppliers and emerging talent – ultimately impacting on the profitability of the company.
“Environmental and social responsibility is an increasing concern for jobseekers and there has been a pronounced shift in focus towards seeking out sustainable, environmentally-friendly employment opportunities in recent years. Employers should prioritise investing in continued carbon reporting and being transparent about their emissions.
“My advice to businesses is to continue diligently monitoring your carbon emissions and the environmental footprint of doing business, even if the legal mandate to do so is removed when your company is reclassified as a medium entity.
“You may well find that failure to do so means that banks are less likely to lend you finance and you may struggle to win tenders against more socially responsible competitors. Importantly, larger suppliers may still require businesses to undertake calculations in order to trade with them. This will be as larger corporations will be considering their Scope 3 emissions – so it’s vital this isn’t overlooked.”
Local authorities to be given power to offer empty shops at bargain basement prices
“These new powers will enable local communities to take back control, backed by over £15 billion of levelling up funding which is transforming towns and left-behind communities across the UK.”
PepsiCo invests £8m in Lincolnshire factory
PepsiCo has announced an £8m investment in its Pipers Crisps manufacturing site in Brigg, Lincolnshire, to meet growing demand for the popular snacks. It coincides with the 20th anniversary of Pipers Crisps and marks five years since PepsiCo’s acquisition of the brand.
The funding will boost production capacity at the site by nearly 80%, through replacing existing crisp fryers with new energy efficient models and installing new packaging machines at the Lincolnshire factory, which has been the home of Pipers Crisps since 2004.
New, more efficient fryers replacing the existing fryers as part of the investment are helping to reduce the site’s greenhouse gas emissions by over 200 tonnes a year. This contributes to PepsiCo’s pep+ commitment to target an absolute reduction across its value chain by more than 40% by 2030, reaching net-zero emissions by 2040.
Originally available in small independent pubs, bars, cafes and farm shops, Pipers has expanded its distribution network to include national wholesalers such as Booker, Brakes and Bidfood, alongside hospitality operators Mitchell & Butlers, Stonegate and Youngs.
The brand’s export business is worth over £2m, shipping to countries including France, Italy and across Scandinavia. The recent investment will help unlock further export opportunities for the premium crisp brand including to the Middle East, China and Japan.
Alongside increasing production, the investment will go towards upgrading facilities for the factory’s 100 local employees, including improvements to workspaces and staff changing rooms.
PepsiCo has continued to invest in its UK manufacturing sites, with a total of £127m committed in investment over the last four years, including a £58m investment in its Leicester factory announced last year.
Mirjam Fogarty, head of operations, Pipers Crisps, said: “Pipers is a much-loved brand with a rich heritage, and we’re delighted to be making this investment at such an exciting stage in our journey.
“From small independent pubs, cafes and farm shops, to working with some of the UK’s biggest wholesalers and hospitality operators, the funding will help us bring our delicious crisps to more people, wherever they are, and expand our brand internationally.
“With Pipers’ 20th birthday fast approaching, I’m looking forward to the next phase of our growth.”
High energy use companies offered help to cut bills
“This will not only help cut bills in the long term, but ensure we keep reducing our emissions – having already led the world by halving them since 1990.”
More than 1,000 projects have now received funding since 2020 to upgrade thousands of buildings through the Public Sector Decarbonisation Scheme. Salix Chief Executive Emma Clancy said: “The climate crisis is one of the greatest challenges of our time. It requires all of us, including governments and businesses, to make change and reduce our carbon footprint. “The Public Sector Decarbonisation Scheme enables the public sector to tap into a fund which can transform our public buildings. These are the sites we use every day; our schools, universities, leisure centres and others will become more energy efficient as well as being comfortable places to use thanks to this funding. “Every day our teams at Salix work with the public sector to achieve ambitious net zero goals and we’re looking forward to working with the latest successful Public Sector Decarbonisation Scheme grant recipients.”Waste management company fined after worker burned
Premier Asset Finance appoints business development manager for the Humber and East Midlands
Andy Craggs has joined Premier Asset Finance as business development manager, focusing on the Humber and East Midlands. Andy joins Premier Asset Finance with over 35 years of experience in the asset finance industry, having spent the last 25 as Managing Director at asset finance brokerage, ECS Group.
As Managing Director of ECS Group, Andy supported clients and equipment suppliers across the Humber, East Yorkshire, and Lincolnshire regions, specialising in sourcing suitable funding solutions for businesses with a focus on renewable and sustainable energy projects. As a business development manager across the Humber and East Midlands for Premier, Andy will work with new and existing clients and report to Ken McKeating, Managing Director of Premier Asset Finance. Commenting on his appointment, Andy said: “I’m delighted to have joined Premier Asset Finance, working with Ken and the team to develop new relationships with clients in the East Midlands and the Humber, as well as continue to service our existing clients in this region.”Ken McKeating, Premier Asset Finance Managing Director, added: “We’re pleased to welcome Andy to the Premier Asset Finance team. Andy has a wealth of experience in the asset finance industry, running ECS Group, a respected asset finance brokerage for 25 years.
“At Premier we’re continuing to bolster our already experienced team and Andy will be bringing his invaluable experience from the industry, especially in the green asset space. Building our knowledge in this area continues to be a key focus for Premier as we grow.”
Chesterfield motor finance firm grows with acquisition of Leeds broker
Immingham-based Casper Chartering buys seventh ship for its fleet
Immingham-based Casper Chartering Limited has bought the cargo vessel MV VESPER from Norwegian owners.
MV Vesper is the latest vessel to join Casper’s growing fleet, which now has seven ships. Built in 2006, Vesper is 88.60m long and is berthed at Douglas in the Isle of Man, from where she trades within the North Sea and Mediterranean Sea alongside the rest of the fleet. Pete Buffam, managing director of Casper Chartering Limited, said: “It has been an incredibly busy start to the second quarter of this year, with our fleet spread right across our trading range. Just last month, we ensured the safe delivery of ocean freight including urea, steel coils and grain to several ports such as Denmark, Belgium, Germany, Italy, Egypt and Turkey. “We are very grateful for the guidance provided by the team at Andrew Jackson Solicitors who were able to move quickly on the purchase of MV Vesper. She is already providing much needed support and has recently returned from the German Port of Mukran, one of our regular trading routes, to transport grain back to Europe.” Dominic Ward, senior partner and head of shipping and transport at Andrew Jackson, added: “It has been a pleasure to assist Casper Chartering on its latest vessel purchase. Having worked with the Casper Group for several years, we are particularly delighted to see them strengthen their position as one of the UK’s leading cargo vessel operators.”Sheffield student accommodation property sold
Unite Students, the owner, manager and developer of student accommodation, is selling six properties to PGIM Real Estate for £184m, of which Unite’s share will be £76m.
The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield.
The disposal is part of the Group’s portfolio management strategy to increase alignment to high and mid-ranked universities which have the strongest outlook for student demand and support sustainable rental growth.
In Sheffield the 437-bed Exchange Works has been sold.Joe Lister, Unite Students Chief Executive, said: “These disposals continue our disciplined approach of recycling capital for reinvestment and further increases our alignment to the strongest universities.
“The growth outlook for purpose-built student accommodation remains compelling and we are tracking a number of new investment opportunities at attractive returns.”
What do you think of your town centres, Chambers ask South Yorkshire businesses
PM to announce measures to support UK farmers and growers
Energy company donation bears fruit with creation of community orchards
Santander signs three-year partnership with University of Bradford
The University of Bradford and Santander have agreed a three-year partnership with Santander to help its students kickstart their careers.
UK government’s committed to country’s steel industry, says Minister
Mansfield Pollard wins ‘best place to work’ accolade
Ramsdens Solicitors bolsters senior team with five promotions
Yorkshire-based Ramsdens Solicitors has promoted Jennifer Slater, Katie Sharp, Jane Holroyd and Rosanna Drewery to the position of partner across its network of a dozen offices in the region. Jolene Briggs has been promoted to conveyancing manager for the Calderdale region.
Paul Joyce, managing partner of Ramsdens Solicitors, said: “As a firm, we are committed to bringing on board new talent and giving them the support they need to develop their careers with us.
“It’s fantastic to see these five knowledgeable and committed lawyers moving up in the firm, and these promotions are well deserved recognition of their contribution to the continued growth of the firm.”
Working within the firm’s private client practice at its York office, Jennifer Slater has over 18 years’ experience, including expertise in advising on wills and lasting powers of attorney.
She also specialises in lifetime tax planning, and the creation and administration of trusts and estate administration, in particular, estates with complex issues and agricultural estates. Jennifer is a full member of the Society of Trust and Estate Practitioners (STEP) and a member of the Law Society’s Private Client Section.
Having qualified as a solicitor in 2015, Katie Sharp has worked in conveyancing for over 10 years.
Based at Ramsdens’ Mirfield office, she has in-depth knowledge of the residential property industry, including the sale, purchase and re-mortgage of freehold and leasehold properties as well as new-build, unregistered and help-to-buy properties. Katie also deals with private mortgages, lease extensions and title splits.
Based at the Edgerton office, Jane Holroyd is a partner in Ramsdens’ commercial property team.
Since qualifying in 2014, she has dealt for all types of property transactions, such as the acquisition and set up of development sites, buying and selling commercial freeholds and commercial leases from both the landlord and tenant perspective, including new leases, renewals and licences.
Jane also specialises in acting for SIPP and SSAS pension trustees in respect of pension schemes’ commercial property investments.
Having joined Ramsdens soon after her qualification in 2014, Rosanna Drewery has become a partner in the child law practice and works across both West and North Yorkshire.
She has a specialism in public law proceedings, also known as care proceedings, and primarily undertakes work under the Children Act 1989, representing parents, grandparents and other family members. She also deals with special guardianship cases.
Rosanna is an accredited member of the Children’s Panel, representing children in public and private law proceedings, through their guardians.
Jolene Briggs has become conveyancing manager for the firm’s Calderdale offices in Halifax and Elland. Based in Elland, she deals with all types of conveyancing matters including freehold, leasehold, unregistered, equity, right-to-buy and auction properties.
Jolene previously worked in a property practice in Leeds for 10 years before joining Ramsdens in 2014.