North Yorkshire industrial estate awarded funding to lead the way to become net zero
Yorkshire and Humber shares in £20m investment to help ‘heartbeat of the economy’
The Yorkshire and the Humber region is to get a share in £20m through the Business Enterprise Fund to support support for small firms, via an investment from Lloyds Bank & Big Society Capital.
To support local jobs and improve the economy, the investment is part of a £62m boost to help Community Development Finance Institutions back businesses in the most deprived areas of England and Wales.
BEF, which operates across Yorkshire and the Humber, the North East and the North West, is one of three CDFIs selected to receive the funding, with criteria ensuring that the money goes towards socially motivated lenders who are already lending around £100m every year to businesses which traditional and challenger banks or fintech can’t service.
The fund is designed to support underserved communities including BAME and female led businesses; CDFIs have become known for working with such businesses and providing support where mainstream banking cannot.
Stephen Waud, CEO of BEF said: “It’s good news that mainstream lenders such as Lloyds Bank recognise the transformative effects that CDFIs have in the communities they serve. It’s all about providing business owners, and aspiring business owners, with the opportunity to go to market with their ideas. There’s also a real focus on trickle up, rather than trickle-down economics, where job creation and wealth generation in these communities create proven economic change.
“We’re thrilled to be one of the CDFIs helping to utilise this fund and support small businesses and local economies. We plan to support over 280 businesses and create nearly 600 jobs with the funds that we have, helping both female and BAME led businesses with the opportunity to prove their success.”
Elyn Corfield, CEO Business and Commercial Banking at Lloyds Bank, said: “SMEs are the heartbeat of the UK economy and as the largest domestic banking group, we have a proud history of supporting UK businesses to thrive. We’re therefore delighted to support the CDFI sector to back local businesses, with a focus on deprived areas, and ensure they have access to a range of financial options right for them. When local businesses flourish so do local communities and we hope our leadership within this second phase of CIEF will see many more areas of the UK succeed.”
Hull Trains wins award for reducing delays
Stirlin named as contractor for YMCA housing project in Lincoln
Growth returns for UK economy
Agrifood firms get chance to apply for share in £7.5m
- enhancing the productivity of primary crops, the bioeconomy, livestock, aquaculture or ornamental plants
- biotechnologies related to agriculture, food and nutrition
- food that promotes safe, healthy and nutritious diets
- resource-efficient production methods for low-emission foods
- sustainability in the context of environmental challenges such as climate change and resource scarcity
- protecting, maintaining or enhancing animal welfare within current UK regulatory standard
- nutritional composition, food manufacturing and processing, packaging, and safety
- minimising negative effects such as pollution, food loss and waste
- resilience and responsiveness in the supply chain, mitigating risks, interruptions or disruptions
Bingley business park bought in off-market deal
Yorkshire Water builds underground reservoir between Malton and York
Caddick completes £14.4m warehouse facility in Doncaster
Lincoln tech business makes acquisition as part of growth strategy
Two join board of HEY Smile Foundation charity
2 Sisters Food Group CFO to step down in July
2 Sisters Food Group’s CFO Craig Tomkinson has decided to step down from his role and will be leaving the business in July.
Craig has held the position of Group CFO and Board Director for almost six years, working in total for the company for over a decade, and has decided on a career break before taking on new opportunities.
He will be officially handing over responsibilities at the start of April to new CFO Nigel Williams, after Nigel’s full induction in March. Craig will then focus on key projects from April until his official departure date later in the year, reporting as normal to Chairman Richard Pennycook.
Nigel is a highly-experienced CFO with more than 20 years leading multi-site food and beverage retailers. Having relocated back to the UK last year, Nigel spent the previous eight years in Australia as Chief Financial Officer at global business Collins Foods Ltd. Prior to his role at Collins, Nigel was Finance Director for Starbucks UK.
Craig said: “I believe now’s the right moment for a career break. I will take on fresh challenges after a period of recharging my batteries with my family.
“I have had an incredible journey at 2 Sisters and I’m proud to have played a role in transforming the company. The priorities when I re-joined were to improve trading performance, reduce debt and the pension deficit, strengthen financial controls and rebuild the finance team, and I’m proud of the progress made.”
Richard Pennycook added: “On behalf of the Board, we would like to thank Craig for his significant contribution over the years and his considerable talents in helping transform 2 Sisters for the better. Craig has played a critical role in helping us to overcome some tough external challenges in recent years and setting us up for future success. We wish him and his family all the very best.
“We would also like to welcome Nigel to the Board. He has a first-class track record in financial leadership roles and we look forward to working with him in taking the business forward to the next stage of its evolution.”
Builder gets suspended sentence and fine for illegal waste dumping
Council extends free Wi-Fi to make running businesses easier outdoors
Proposed business park could create 1,700 jobs for Leeds
First Intuition Yorkshire to launch accountancy training centre in Hull
£3m raised by hydrogen generator firm to boost uptake of green energy
Suiso – a Rotherham company developing an innovative hydrogen generator that could boost uptake of green energy – has raised £3m from NPIF – Mercia Equity Finance, which is managed by Mercia Ventures and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds.
The company plans to create generators the size of shipping containers that could be placed on site to power factories, hospitals, and warehouses or at filling stations to fuel hydrogen-powered vehicles.
Producing hydrogen where it is needed eliminates the high costs involved in distribution from a large, centralised plant, which has been one of the key barriers to adoption. It also allows businesses that want to decarbonise their operation to start much sooner than waiting for large-scale hydrogen plants to be built.
Suiso’s process produces low-cost, low-carbon or zero-carbon energy. It uses a novel microwave technology to extract hydrogen from natural gas or biogas, while capturing the carbon in the form of carbon black, a valuable byproduct that can be used to make tyres, batteries and inks. As existing methods of carbon black production create high levels of emissions, Suiso’s technology can help decarbonise these industries too.
A study by the Department of Business, Energy & Industry Strategy (BEIS) confirmed that, for many key applications, Suiso’s technology is lower cost and produces lower emissions than existing production methods such as grid-powered electrolysis, and 97% lower than steam methane reforming, making it one of the greenest forms of hydrogen available. It also uses 80% less electrical energy than electrolysis, therefore putting less stress on the grid network.
Suiso was founded by engineer and financier Stuart McKnight and serial entrepreneur Dr SB Cha, whose father invented Suiso’s microwave technology. The company was one of the winners of the BEIS Low Carbon H2 Supply scheme in 2023.
The latest investment will enable it to scale up its technology and begin a pilot project. Ultimately it aims to produce generators that can produce 1,000 kg of hydrogen a day – equivalent to 1.6 MW of energy and enough to fuel 50 20-tonne trucks. The company, which currently employs five staff, expects to create seven new jobs in the next six months.
Stuart McKnight, CEO of Suiso, said: “Hydrogen is rapidly emerging as a sustainable way to decarbonise the economy, but cost, availability and other practical issues have held back its use. Our technology offers a way to overcome these and provide clean, low-cost power on site.
“For some organisations, Suiso’s on site hydrogen generation may be the only realistic ‘green’ option – for example, energy-intensive industrial applications such as large boilers or furnaces, heavy lifting gear or HGV and truck refuelling. This investment will help us move to the next stage on our journey to bring it to market.”
Ashwin Kumaraswamy, Investment Director with Mercia Ventures, added: “Suiso has found a way to decarbonise natural and biogas to produce ‘greener’ hydrogen than many current methods of production including grid powered electrolysis, and a zero-emission form of carbon black which is a valuable product in itself.
“This technology could make hydrogen a viable option for many businesses and drive rapid uptake. With growing global demand for clean energy, we are confident that Suiso will have many opportunities ahead.”
York Handmade secures contract for Swiss hotel
West Yorkshire law firm Gordons names trio of new solicitors
West Yorkshire law firm Gordons has appointed Ed Strudwick, Brogan Ward, and Ibrahim Alyas to its commercial litigation, commercial property and construction teams respectively.
Ed completed his training at Gordons and qualified as a solicitor in 2017. He returns to the firm after previously working at the Foreign, Commonwealth and Development Office.
Gordons managing partner Victoria Davey said: “We are a progressive law firm that wants to create opportunities for people with the right attitude and ability to be successful, no matter what role they have within our business.
“We recruit and retain according to these values, and in Ed, Brogan and Ibrahim we have three solicitors who meet these criteria and who have the ambition and determination to succeed with Gordons.
“We are particularly pleased to welcome Ed back, and we look forward to all three of them fulfilling their full potential with the firm.”
Employing 170 people, Gordons has offices in Leeds and Bradford. The firm’s clients include retailers AO, B&M, Heron Foods, Iceland, Morrisons, Ocado Retail, Whole Foods Market and Wren Kitchens.
Centre for Leeds entrepreneurs secures funds to support establishment of hi-tech business hub
The redevelopment of Leeds Media Centre in Chapeltown has taken a major step towards final completion after Unity Enterprise secured funds to support the establishment of a hi-tech business hub to develop the next generation of entrepreneurs.
Leeds City Council, which owns the building, has provided £80,000 from the Innovation@Leeds capital fund to equip the dedicated space with new furniture, video conferencing facilities and computer hardware.
Leeds Media Centre reopened its doors in September following a £1.8 million refurbishment which included the installation of a new roof and windows, and the remodelling of two floors to create 12 new business units.
The scheme was delivered by Unity Enterprise – a not-for-profit subsidiary of housing association Unity Homes and Enterprise – in partnership with Leeds City Council and the European Regional Development Fund.
Leeds Media Centre is one of three business locations operated by Unity Enterprise close to the city centre, together with Chapeltown Enterprise Centre and Unity Business Centre.
Collectively, they provide 142 managed workspaces for more than 90 local businesses employing over 900 people.
The new business hub is set to launch in the spring with a week-long series of events themed on entrepreneurship.
Adrian Green, Unity Enterprise manager, said: “We are immensely grateful to Leeds City Council for their continued backing for aspiring entrepreneurs by enabling us to kit out the business hub with the best equipment available.
“Our mission is to support local people to launch and grow a business and create life opportunities in an inner-city part area with so much potential.
“The redeveloped Leeds Media Centre is already making its mark on the city’s business landscape. I have no doubt that the new hub will propel the site to even greater heights.”
Councillor Jonathan Pryor, Leeds City Council deputy leader and executive member for economy, culture and education, said: “This is another brilliant step forward for Leeds Media Centre and further reinforces our commitment to inclusive innovation within the city.
“We’re continuing to build and support an ecosystem where entrepreneurs from every background have the tools, quality workspaces and accommodation close to where they live to help them reach their full potential.
“It is particularly important that we look at access points outside the city centre for people to access business and innovation support programmes and continue on our bold ambition to stimulate innovation which drives and delivers measurable impact towards a healthier, greener and inclusive future.”
Cedric Boston, Unity Homes and Enterprise chief executive, said: “Each new business generated by the hub can transform life chances by boosting career development, generating jobs and increasing local prosperity.
“With Unity Enterprise preparing to celebrate its 25th anniversary next year, the opportunities for people of all ages to build a sustainable business in Chapeltown are growing rapidly.
“Working closely with Leeds City Council and other valued partners, we intend to remain at the forefront of this crusade.”