Tuesday, July 1, 2025

Gold seen as safe haven amid tax hikes and market volatility

A recent survey of UK retail investors indicates that gold is now the most favoured asset class for the next 12 months, with 58% of respondents expecting its value to increase. This marks a notable shift in investor sentiment as geopolitical and economic uncertainties persist.

The findings, published by Charles Schwab UK, show that confidence in gold has overtaken traditional indices such as the FTSE 100, which only 39% of investors expect to rise. Similarly, 40% are optimistic about the Dow Jones and 38% about the Nasdaq.

This movement towards gold comes amid growing concerns about tariff policy and the recent hike in capital gains tax, which exempts physical gold investments. The Royal Mint has reported increased demand for physical gold assets like coins and bars.

Younger investors are particularly active in this trend, with 31% increasing exposure to precious metal stocks in the past quarter. Overall, 73% of investors view mining and precious metals companies as sound investment opportunities. This figure is even higher among millennials at 79%, reflecting a generational leaning towards assets perceived as inflation-resistant and less exposed to political risk.

By comparison, just 70% of investors view AI stocks as strong investments, highlighting a broader pivot toward defensive positions in portfolios.

Global defence firm secures space at Leeds Valley Park

The penultimate letting has been secured at Leeds Valley Park by Catella APAM, acting as asset manager on behalf of the Greater Manchester Pension Fund (GMPF). The deal sees Leeds-based DIRICKX Systems Ltd take Unit 3, a 43,836 sq ft speculative warehouse. The occupier specialises in the manufacture of force protection solutions, primarily used in the defence industry. Adam Robinson, operations director, DIRICKX Systems, said: “As a trusted UK manufacturer, we are proud of our Yorkshire base and this commitment to Leeds secures our long-term future in the region. “After rapid growth since DIRICKX Systems was established three years ago, our investment in Leeds Valley Park marks a significant milestone – doubling our UK manufacturing capability, supporting our long-term growth ambitions and enabling us to meet the rising global demand for high-performance defence products. “With over 95% of our products exported and key contracts already secured with organisations including the UK Ministry of Defence and NATO, we are proud to be the UK’s leading manufacturer of this type of force protection, flying the flag for British manufacturing in the global defence sector.” Adam Handley, asset manager at Catella APAM, said: “Yet another deal at Leeds Valley Park marks another significant milestone for the estate. It reinforces our confidence in the strength of this location and the continued demand for high-quality industrial space in the Leeds market. We’re delighted to welcome DIRICKX Systems Ltd to the growing community of occupiers at the park.” Carter Towler, Avison Young, and CBRE acted for the landlord with Knight Frank’s Yorkshire industrial and logistics team advising the tenant. Iain McPhail, partner in Knight Frank’s Yorkshire industrial team, said: “Leeds Valley Park provides the perfect opportunity for DIRICKX Systems, which allows them not only to retain their existing workforce, but to grow the business, in line with their future ambitions. It was a pleasure working closely with the team and facilitating another Yorkshire based manufacturer on the business park.” Rob Oliver, principal of Avison Young’s industrial and distributions team, added: “Having completed on two other lettings earlier this year, it is fantastic to have completed on this third letting of 2025 already. “DIRICKX are a great addition to the estate, where we have attracted a combination of production and logistics operations, including occupiers relocating and expanding within the Leeds area, and those seeking a new Yorkshire facility.” This letting leaves just one unit remaining at Leeds Valley Park.

Sheffield nursery group snapped up

Nurtured Childcare, the fast-growing day nursery group, has acquired Elmore Kindergarten Group, which operates three children’s day nurseries in Sheffield. The transaction was financed with a £2.7 million loan from OakNorth. In addition to enabling the acquisition of Elmore Kindergarten Group this facility refinanced existing borrowing by the Nurture Childcare group and will provide an element of working capital. The acquisition is projected to increase Stockport-headquartered Nurtured Childcare’s turnover by more than £2.3 million. Nurtured Childcare was founded in 2021 by the entrepreneur Craig Brennan to provide nurseries that offer high-quality education, create rich environments and foster a spirit of exploration. It now offers more than 790 places across the North of England, employing almost 300 staff across its Greater Manchester head office and childcare premises in Sheffield, Wakefield, Rotherham and Stoke-on-Trent. Elmore Kindergarten was established in 1991 by Richard Marshall, who initially contacted Nurtured Childcare last year to explore the potential for a transaction. His sale of the business has enabled him to retire. The Elmore Kindergarten Group consists of three settings: Broomhill Nursery, Ecclesfield Nursery, and Middlewood Nursery. Each of the three settings is currently rated “Good” by Ofsted. They offer a combined total of 324 childcare places and employ 77 staff. The acquisition of the Elmore Kindergarten Group brings the total number of childcare settings operated by Nurtured Childcare to 11, consolidating its footprint in South Yorkshire. The three acquired nurseries will be rebranded over the coming months to reflect their new ownership. Craig Brennan, CEO & founder of Nurtured Childcare, said: “We’re thrilled to welcome the Elmore team and families into the Nurtured Childcare Group. “Each of these sites is in a prime location and is already equipped with significant resources, which we plan to build on with further investment and an expansion of the extra-curricular activities they offer, as well as providing staff with access to our detailed, bespoke programme of training and support. “OakNorth’s deep understanding of the nursery and early years sector, coupled with their flexible and transparent financing approach, made them our ideal funding partner for this acquisition-led project. Following this successful acquisition, we’re well-positioned to expand high-quality early years education across more areas of the North of England.” Stewart Haworth, director of debt finance at OakNorth, said: “Nurtured Childcare represents everything we look for in a borrower – ambitious leadership, operational rigour, and community impact. We’re proud to back Craig and his team as they bring new energy and vision to the North of England’s nursery sector. “The combination of an award-winning and experienced operator with the projected tailwinds for the UK’s childcare market, means this acquisition is set to be another success story for the group. We look forward to watching their growth story going forward and supporting Nurtured Childcare on future projects.” Nurtured Childcare worked with Poynton, Cheshire-based KeySME Business Finance to secure the OakNorth facility. Ash Richardson, founder of KeySME Business Finance, said: “We were appointed on this transaction to support Nurtured Childcare with a competitive, bespoke funding package to facilitate the acquisition of Elmore Kindergarten Group and consolidate existing finance. “Working with our lender partner, OakNorth, we have collectively delivered a flexible structure to support Craig’s ambitions for the business. This has been a rewarding deal to work on and highlights the abilities of KeySME Business Finance to unlock tailored funding solutions for UK SMEs. “Thank you to all parties involved for their efforts in getting this transaction over the line and congratulations to the team at Nurtured Childcare. We wish them continued success into the future.” Nurtured Childcare also received commercial legal advice from Mark Ryan Solicitors and Clarion Solicitors, while the property element of the transaction was handled by John Galvin of Clifford Johnson Solicitors. The vendor received legal advice from Wake Smith Solicitors and Eddisons.

Cairn Hotel Group expands sustainability efforts across UK venues

Cairn Hotel Group, which operates 28 hotels, eight restaurants, and bars across the UK, has received 33 Green Tourism certifications for its environmental initiatives in 2024. The group earned nine gold and 24 silver accreditations, recognising a broad set of improvements to its sustainability practices.

Among the hotels receiving gold status were the Elmbank Hotel in York and the DoubleTree by Hilton Majestic Hotel and Spa in Harrogate. Green Tourism accreditation evaluates businesses on energy efficiency, carbon reduction, waste management, and biodiversity.

Recent initiatives implemented by the group include air quality improvements, installation of wildlife habitats such as bug hotels, and conservation efforts supporting biodiversity, including some with international reach. Each venue now designates a ‘Green Champion’ responsible for tracking monthly environmental performance and ensuring continued progress on sustainability targets.

Aon makes raft of promotions and appointments at Leeds and Humber offices

Professional services firm Aon has made a series of promotions and appointments across its Leeds South and Humber advisory teams. Following the promotion of James Fell to head of advisory clients, Taz Begum and Andrew Hall have been promoted to head of office for Leeds, and head of office for Humber respectively. Taz draws on 29 years’ industry experience while Andy has 27 years’ experience. They will oversee the direction and operational performance of their offices, support team members, ensure clients receive exceptional service, and drive growth. To support Aon advisory’s strategic focus on clients within the technology and IT industry, Andrew Robson has been promoted to technology practice lead. Drawing on 14 years’ industry experience, Andrew will develop advisory’s technology and IT client service proposition and take overall responsibility for the development of clients within these industries. In addition, Mark Brown has been appointed to the role of client management director, and Kieran Fields as an account executive. Prior to joining Aon’s Leeds advisory team, Mark, who has 36 years’ experience, spent over five years at Brown & Brown Insurance Brokers (UK) where he oversaw two offices, led teams, and managed external client caseloads. Kieran previously worked at One Call Insurance where he managed a portfolio of clients. Mark joins the Leeds advisory leadership team and is responsible for client account management and overseeing the team. Drawing on his previous experience, Kieran will manage a book of clients. Sarah Hanson meanwhile has joined the Humber team as a client director, bringing over 20 years’ experience. In her new role Sarah will manage a book of clients and ensure she secures the best deal to meet their needs and goals. James Fell, head of advisory clients at Aon, said: “Congratulations to Taz, Andy and Andrew on their well-deserved promotions, and a warm welcome to our new colleagues. “Taz, Andy and Andrew’s dedication to our colleagues and clients is second to none, and their promotions are part of our continued growth strategy. Mark, Sarah and Kieran, with their wealth of experience and local market knowledge are a valuable addition to our advisory team. “By acquiring and nurturing highly skilled talent and creating a supportive culture that places colleagues at the heart of our business, we continue to invest in our capabilities, ensuring we can provide our clients with a first-class service.” Sarah Hanson, client director, said: “Since joining Aon, my work-life balance has greatly improved, and the culture of the company is one that places equal importance on career and family, which is refreshing. The team has been incredibly welcoming, and I couldn’t be happier with my decision to join Aon. I’m truly grateful for the opportunity Aon has given me.”

New £600k export fund targets York and North Yorkshire businesses

Businesses in York and North Yorkshire can now apply for a share of a £600,000 grant scheme aimed at supporting international trade.

The programme, called “Get Exporting,” is part of a wider £5 million Business Innovation Fund overseen by the York and North Yorkshire Combined Authority. It’s the second export-specific scheme in the region, following a previous initiative that issued £200,000 in grants and contributed to over £15 million in global sales.

Applications are currently open. A series of in-person advisory events will take place across the region in October, including stops in Tadcaster, Harrogate, Whitby, Malton, York, Catterick and Skipton. These will be staffed by representatives from the Growth Hub and the Department for Business and Trade.

The Get Exporting fund sits alongside other streams in the Business Innovation Fund focused on startups, sector growth, and upcoming initiatives on funding access and product development.

This latest fund complements three other regional programmes launched earlier this year: £10 million for high street regeneration, £7 million for carbon reduction projects, and £2.3 million for workforce development. All are backed by mayoral challenge funding.

Leeds bearings supplier sets sights on South America

A Leeds-based company that supplies bearings worldwide is set to boost exports to South America after securing £500,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Quality Bearings Online currently supplies manufacturing and engineering firms in over 120 countries, with exports accounting for more than 90% of its turnover. Quality Bearings was one of the first online suppliers of its type when it was set up in 2012, and won the Queen’s Award for Enterprise for International Trade in 2022. Last year it launched a trade sales division, QBOL World, after acquiring the assets of another bearings supplier, Euro World. It has also expanded into a second unit adjacent to its existing premises and achieved a 28% increase in turnover. The business, which is led by Denny Maude and Simon Riley, currently employs 27 staff. The NPIF II funding will provide additional working capital to support its growth plans, which include establishing a new division to serve the aerospace, defence and advanced engineering sectors, and the creation of three new jobs. Denny Maude, CEO of Quality Bearings, said: “By embracing e-commerce, Quality Bearings brought a fresh approach to a traditional industry where sales were handled over trade counters. Our ability to quickly source products and deliver to customers worldwide, often within one to two days, has been key to our success. “Looking ahead, we are focused on continued growth and becoming the number one choice for premium bearing supplies on a global scale.” Gary Whitaker of Mercia Debt added: “Quality Bearings has been a pioneer in the industry and its experienced management team have continued to drive the business forward. “Following a year of heavy investment, in which the company has doubled its floorspace and expanded into trade sales, this funding will enable the team to move on to the next phase of growth.” David Baggaley, economic development programme lead at Leeds City Council, provided business growth advice to Quality Bearings.

High-dispensing village pharmacy sold

Elloughton Pharmacy, near Hull, has been sold. The standard hours pharmacy dispenses an average of 13,700 items per month. It is located on Main Street in Elloughton, which is the primary road that passes through the village and connects Elloughton to the neighbouring town of Brough.
It has been owned by Shariq Hussain since 2012 and was brought to market as he wanted to scale back his portfolio. Following a confidential sales process with Tom Young at Christie & Co, it has been purchased by local operator, Sie Yew Ting, who has four other pharmacies in the area. Shariq Hussain, former owner of Elloughton Pharmacy, said: “Since acquiring the pharmacy back in 2012, it has grown consistently over the past 13 years. I thought I had developed the pharmacy as much as I could, so it was pleasing to be able to sell the pharmacy to Sie who can come in with some fresh ideas. “Being a local operator, Sie will be able to offer a hands-on approach, and I wish him all the best with the business in the future.” Sie Yew Ting, new owner of Elloughton Pharmacy, said: “I was drawn to the opportunity to acquire Elloughton Pharmacy due to its consistent performance and strong reputation within the local community. “It aligns well with the existing pharmacies we have in our portfolio, complementing our commitment to high-quality pharmacies in East Yorkshire. I look forward to building upon the excellent foundation that Shariq has established and ensuring continued success for the pharmacy.” Tom Young, senior business agent – pharmacy at Christie & Co, said: “It was a pleasure to facilitate the sale of Elloughton Pharmacy on behalf of Shariq. I have no doubt that under the new ownership of Sie and his team, the pharmacy will continue to thrive at the heart of the community.”

Lincolnshire’s official tourism body folds amid ongoing financial pressures

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Destination Lincolnshire, the designated local visitor economy partnership (LVEP) for Greater Lincolnshire and Rutland, has ceased operations due to prolonged financial challenges.

The organisation was unable to generate sufficient income to meet its operational costs, leading to the immediate termination of all staff positions. While the operational team has been disbanded, the board of directors will remain in place to oversee the insolvency proceedings.

Destination Lincolnshire had served as a central hub for coordinating tourism strategy across the region, facilitating collaboration between local businesses, councils, and tourism operators. Its closure now creates a gap in the delivery and oversight of regional visitor economy planning.

The future of tourism development in the area will depend on fresh public-private partnerships and establishing a more sustainable funding model to support strategic projects and tourism infrastructure. The organisation’s legacy includes a framework for regional coordination, which stakeholders may need to rebuild or integrate into other structures.

The closure comes as other destination management organisations across the UK also face financial strain. The industry is increasingly dependent on mixed revenue models and government backing.

Farmer confidence drops as economic uncertainty builds

A new survey by the Yorkshire Agricultural Society reveals that confidence among farmers is deteriorating, with 65% concerned about the long-term viability of their businesses. Just 30% expressed confidence in their financial outlook over the next year, and only 24% reported being in a stronger position than a year ago.

The findings, based on 400 responses following the UK Government’s Spring Statement, point to mounting pressure from rising input costs, tax and subsidy changes, policy uncertainty, succession issues, and squeezed profitability. These concerns are prompting the Society to reassess its support strategies for the farming sector.

Despite these challenges, farmers identified key areas of opportunity, including strong livestock prices, renewable energy, business diversification, generational input, and direct-to-consumer sales models.

Wellbeing is also a growing concern: 30% rated their mental health as poor or not good, and 36% said it had worsened over the past year. However, 72% said they would seek help if needed.

The Society has responded with a series of practical support initiatives. These include four business viability workshops attended by 300 farmers, mental health and first aid training for over 40 businesses, and targeted programmes for older and younger farmers. Its Goodall Agri-Development Pathway is now in its second year, helping early-career farmers build leadership and commercial skills.

The upcoming Great Yorkshire Show (8–11 July) will showcase British agriculture and provide a networking and knowledge-sharing platform. Key events will address profitability and wellbeing, and the Society will use the occasion to engage policymakers. Approximately 140,000 attendees are expected, with 8,500 animals exhibited and an expanded innovation zone highlighting the future of farming.

The Society, which reinvests £500,000 annually into farming support, continues to run initiatives including networking events, a small grants scheme, and discounted farmer tickets to facilitate industry participation.

Yorkshire leaders propose £14bn rail overhaul to unlock economic growth

A proposed £14bn overhaul of Yorkshire’s ageing rail network aims to transform transport infrastructure across the region and unlock billions in economic value for businesses and local authorities.

The investment plan, developed by former home secretary Lord Blunkett and endorsed by the mayors of West, South, and North Yorkshire, calls for expanded station capacity at Leeds, Sheffield, and York, the creation of a new mainline station in Rotherham, and a through-station in Bradford to improve cross-regional connectivity. The proposal also includes full electrification of the Leeds–Sheffield line and increased service frequency to areas such as Scarborough, the Esk Valley, and Wakefield’s Five Towns.

The program’s first phase would require £2.4bn in government funding by 2030. An additional £2.5bn is earmarked for new and renewed tram infrastructure across West and South Yorkshire.

The review estimates the investment could add £20bn to the region’s economy over the next decade, create approximately 83,000 new jobs, and support the development of over 200,000 new homes—factors that could benefit businesses through improved workforce mobility, logistics, and growth opportunities.

This coordinated push by the region’s Labour mayors comes ahead of the Treasury’s upcoming infrastructure spending review. Instead of competing for funds individually, the mayors promote a unified regional case under the “White Rose” banner to attract central government backing.

The Department for Transport confirmed reviewing the proposals and reiterated its commitment to northern transport investment. Ongoing projects include the Transpennine Route Upgrade and planning work on Northern Powerhouse Rail. The department has also provided £200m to support West Yorkshire’s mass transit development and prioritised funding to scope a new Rotherham station and renew South Yorkshire’s Supertram network.

The proposed rail upgrades align with broader goals to decentralise transport planning and give local leaders a formal role in shaping the rail network under the upcoming Great British Railways governance structure.

Burberry job cuts impact Castleford factory as council steps in with support

Burberry is cutting 1,700 jobs globally as part of a major cost-saving initiative, with approximately 150 roles at its Castleford manufacturing site in West Yorkshire set to be affected. The reductions follow the company’s £66 million annual loss and are concentrated mainly in the UK, where Burberry’s operational base and most of its workforce are located.

The Castleford redundancies are linked to the planned elimination of night shifts at Coronation Mills on Albion Street. The Wakefield Council has confirmed it will provide support to impacted employees. The council is also seeking further details from Burberry regarding the redundancy process and its plans for local operations.

The job losses are part of Burberry’s strategy to double its annual cost savings target to £100 million by the 2027 financial year. While head office staff in London and Leeds will bear the brunt of the reductions, factory-level changes such as rota reorganisations are underway.

Earlier this year, Burberry received planning approval for an upgrade to the Castleford site, but the announced job cuts now cast uncertainty over the scale of its future operations there. The site is a significant employer in the region, making this development notable for stakeholders in local employment and UK manufacturing supply chains.

Construction commences on 125,000 sq ft Barnsley industrial development

Construction of a new industrial and warehousing development has commenced in Barnsley, delivering three units totalling 125,700 sq ft. Rockingham 36 has been launched as a new development consisting of a trio of detached units extending to 25,560 sq ft, 43,000 sq ft and 56,140 sq ft. Located fronting the A6135 Dearne Valley Parkway, Rockingham 36 is set to reach practical completion in Q1 2026.

The surrounding area near Rockingham 36 is now an established commercial location and is home to occupiers including Evri, The Environment Agency, Talurit and CarSupermarket. The area is also home to a mix of trade and roadside occupiers including Screwfix, Howdens, Starbucks, Costa, BP, McDonalds and Taco Bell. Councillor Robin Franklin, cabinet spokesperson for regeneration and culture, said: “Our Inclusive Economic Growth Strategy outlines how important it is for us to protect and enhance our manufacturing and logistics sectors, which are critical to our local economy. “This new development will deliver high-spec industrial space, supporting more and better jobs for our residents in these sectors as well as adding to Barnsley’s reputation as a great place to do business. “The site is in an excellent location with great links to the M1 at Junction 36, and we’re looking forward to seeing it develop, encourage business growth, provide new employment opportunities and boost our local economy.”

Civil Service expansion signals strategic boost for Leeds business landscape

The UK government will relocate more Civil Service roles to Leeds. According to Councillor James Lewis, leader of Leeds City Council, the move reinforces the city’s growing status as a key administrative and public sector hub outside London.

With over 14,000 civil servants already based in the city, the additional roles are expected to drive local job creation and support long-term career pathways.

Lewis pointed to the Leeds Health and Social Care Hub as a model for integrated collaboration between central government, the NHS, local authorities, and academic institutions, highlighting the city’s capacity to deliver public services in partnership with other sectors.

The presence of key institutions, including the Financial Conduct Authority, the Bank of England, and the National Wealth Fund, further underlines Leeds’ prominence. These developments position Leeds as an increasingly important location for organisations working with or supplying services to government bodies, especially in health, finance, and infrastructure.

AI triage tool developed by Vet-AI outperforms major models in clinical test

Vet-AI’s automated veterinary triage tool has outperformed OpenAI’s ChatGPT and Google’s Gemini in clinical testing, positioning the UK-based startup as a key player in AI-powered animal healthcare.

In a blind assessment conducted in April 2025, independent veterinarians reviewed 48 simulated chat transcripts between pet owners and three AI systems: Vet-AI’s proprietary model, Gemini 2.0, and ChatGPT 4.0. Each response was evaluated for clinical accuracy, triage effectiveness, and qualitative factors such as factual reliability, safety, empathy, and clarity.

Vet-AI’s model achieved 81% clinical accuracy, ahead of Gemini’s 69% and ChatGPT’s 50%. On triage accuracy, the model’s ability to stop escalation at the appropriate time, Vet-AI also led with 81%, compared to Gemini’s 75% and ChatGPT’s 56%.

The performance edge is attributed to Vet-AI’s domain-specific training. The model is built on over 400,000 UK veterinary video consultations and draws on more than four billion data points. It continues to be updated in real time with feedback from veterinary professionals.

The company positions this tool as part of a broader strategy to make veterinary care more affordable and accessible at scale, especially for pet owners facing limitations in accessing traditional clinics.

Lord Blunkett sets out plan to fix Yorkshire’s broken rail network

A phased plan to fix Yorkshire’s broken railways, published by Lord Blunkett, could deliver a multi-billion pound boost to the government’s growth mission. The peer’s review of rail connectivity has identified how constrained and creaking Victorian-era infrastructure is holding the region back, with train services regularly failing to meet the needs of both passengers and businesses due to poor performance and an overall lack of reliability. Yorkshire’s Plan for Rail sets out a package of investment in new and accessible stations. Alongside modern rolling stock, improved services in the short term, upgrades to unlock capacity at key stations, development of strategic schemes to transform connectivity between the North’s major centres in the long term, will be investment for housing, jobs and growth. In addition, the report calls for increased powers as part of the devolution agenda to drive change. It highlights the need for substantial government investment and support as part of the proposed 10-year infrastructure plan and spending review to be announced later this summer, with £2.4bn sought for the first phase of improvements between now and 2030 and approximately £14bn required over the next 15 years to deliver the plan in its entirety. This is in addition to the £2.5bn funding needed to bring trams back to West Yorkshire and investment for tram extension and renewal in South Yorkshire. The thrust of the report focuses on the need to deliver faster, more frequent and reliable train services by increasing capacity at Leeds, Sheffield and York stations, building a new through-station for Bradford and a mainline station at Rotherham, carrying out upgrades and electrification between Leeds and Sheffield, and increasing the frequency of services for places such as Scarborough, the Esk Valley, Penistone Line and Wakefield district’s Five Towns. Over the next decade, targeted rail investment, which will maximise the benefits of the ongoing Transpennine Route Upgrade programme being delivered by Network Rail, has the potential to add £20bn to the region’s economy, could help generate an extra 83,000 jobs, and contribute to the building of 210,000 new homes over ten years. The review is being launched in Leeds today (Friday 16th May) by Lord Blunkett, alongside West Yorkshire Mayor Tracy Brabin, South Yorkshire Mayor Oliver Coppard and York and North Yorkshire Mayor David Skaith. Lord Blunkett said: “Yorkshire has been punching under its weight for far too long, and with the White Rose Agreement and this infrastructure plan, the three Mayors are determined to reverse this historic trend. “It’s been a pleasure to be asked to pull together this credible and affordable plan, which presents a once in a lifetime opportunity to improve rail connectivity, and unlock economic growth and opportunities for all. “By taking action now, the benefits of releasing capacity, speeding up journeys, improving reliability and running more frequent services will be felt not just here, but across the North, Midlands and beyond. “It’s time to back Yorkshire.” Tracy Brabin, mayor of West Yorkshire, said: “We are incredibly grateful to Lord Blunkett for leading this vital and timely review as we work together to create a better-connected region that works for all. “A lack of investment stretching back decades has left Yorkshire with a rail network no longer fit for purpose. This is holding back ambitious growth plans for our regions which will put more money in people’s pockets. “We owe it to everyone, especially younger generations, to secure our fair share of funding so the region’s train services are suitable for the modern age, getting passengers to where they need to go, when they want to go.” The mayor of York and North Yorkshire, David Skaith, said: “Working together, we can drive real change and boost opportunities across our region. This is a credible, long-term plan to deliver the connectivity our communities need – creating better access to jobs, education and investment. “In York and North Yorkshire, that means two trains an hour between York and Scarborough, upgraded stations at Malton, Seamer and Scarborough, and a new station at Haxby. “We need to push forward with the transformation of York Station to maximise the benefits of York Central, one of the most significant regeneration sites in the country. And we need to fix the bottleneck on the East Coast Mainline at Northallerton, which has held back progress for too long. “We’re ready to build a better-connected North, creating the growth, opportunity, and prosperity our communities deserve.” South Yorkshire’s mayor Oliver Coppard said: “David Blunkett has, for the first time, made clear the problems created by decades of underinvestment across the whole of Yorkshire and given us a Plan for fixing them, working together across the whole of God’s Own Country. This is the White Rose Agreement in action. “The Plan we are launching today would address the fundamental issues we face as a region. Here in South Yorkshire we need more trains, investment in our stations, and better connections to Leeds, York, Manchester, London and elsewhere. “Ultimately, we simply want reliable, effective rail services, so we can get to work, see friends and family or just go for a night out. “Through this Plan, there is a pathway with a phased approach to fix our broken rail system. I want to see Sheffield fully electrified, a new station at Rotherham, more capacity at Doncaster and new services between Barnsley and London. “Thanks to the work of Lord Blunkett, as the three White Rose Yorkshire Mayors, we will work with the government and rail industry partners to turn this Plan into action. We’re getting Rail in Yorkshire back on track.” The White Rose region’s population now stands at 4.6m, having grown by more than half a million in the past decade. It generates £127bn Gross Value Added (GVA) for the national economy – larger than 10 European Union Countries, but is £25bn smaller than it should be. The report makes the strong strategic case for investing more in rail as part of a wider regional growth strategy and closing the productivity gap by creating more opportunities, connecting young people to jobs, providing a real incentive for potential employers to relocate, and promoting more sustainable travel. Previous studies have also shown that demand for rail across the Yorkshire and Humber region could be more than doubled if constraints such as price, performance and convenience were addressed. In particular, the leisure market has been identified as an opportunity to grow passenger numbers if services were improved as Yorkshire has a diverse range of cultural attractions, from world-class museums and historical sites to vibrant arts and cultural events, alongside stunning scenery, national parks and miles of coastline. The report sets out a plan to enhance Yorkshire’s rail network in a sustainable, affordable and credible way with a phased approach. In the first five years investment is proposed to deliver:
  • New stations at Haxby, Elland, White Rose, Thorpe Park, Rotherham Gateway, Waverley, Leeds-Bradford Airport Parkway, and Dearne Valley Parkway.
  • Business case development for a new through-station at Bradford and NPR network.
  • Station capacity at Leeds and Sheffield
  • Station upgrades at Malton, Seamer, and Scarborough
  • Platform extensions across the network
  • Leeds platform 17 extension
  • Platform 0 Bradford Forster Square
  • New/improved services for Bradford – Kings Cross, Leeds – Sheffield (fast), Sheffield – York XC (reinstated), Leeds – Goole, Bradford Forster Square – Skipton/Ilkley, Barnsley – London (peak), Wakefield and Five Towns, Penistone Line, Esk Valley, and York – Scarborough.
  • New rolling stock for Northern leading to longer trains and more frequent services.
  • Extension and renewal of the South Yorkshire tram network, and spades in the ground on West Yorkshire’s tram network.
  • Ongoing Transpennine Route Upgrade programme between Manchester, Huddersfield, Leeds and York.
A number of key challenges need to be addressed, from poor performance and reliability to slow journeys, infrequent trains and limited seats:
  • Nationally, Leeds rail station is by far the worst location across the UK in terms of total minutes delay, with Sheffield, York and Bradford Interchange also in the top 10.
  • Connectivity across the region is a challenge: for example, there are only five fast services a day between Sheffield and York, compared to four per hour between Liverpool and Manchester.
  • Meanwhile, commuters living in parts of Yorkshire cannot use trains to travel to work due to a lack of early services, while other areas have no late services for those wanting to go on a night out.
  • Poor off peak and weekend services limit journey opportunities, particularly for leisure travel and staycations.
  • Older trains not only impact service reliability, they also lead to an unattractive public transport offer. Northern Rail, which operates most of the services across the White Rose region, has an average fleet age of 23.6 years compared to 16.6 years nationally.

East Yorkshire wind energy industry service provider sold

GEV Wind Power, a specialist services provider to the wind energy industry, has been acquired by Certek in a deal led by FRP Corporate Finance. Based in East Yorkshire, GEV provides inspection, monitoring, rope-access and maintenance services to on-and offshore wind turbines across the globe. GEV’s client base includes the world’s biggest OEMs and wind farm operators. GEV has been backed by Bridges Fund Management since June 2019. FRP Corporate Finance, led by partner Dave Howes and supported by partner Ryan Symonds, director Alex Hunton and manager Liam Merritt, were appointed sell-side advisers to the shareholders, including Bridges. Certek is employee owned and was founded in 2024 by David Harrison with a mission to partner with quality businesses that have a strong compliance, safety and regulatory element to their service offering. Certek’s investment will enable GEV to grow across its core markets, continuing to support the transition to a clean energy economy. Certek is backing GEV’s CEO and founder David Fletcher and the existing management team who have led the expansion of the group over the past 15 years. Following its acquisition of GEV, Certek’s group revenue will surpass £100 million on a pro-forma basis with a pipeline of other deals in process. This transaction marks the third deal completed by FRP Corporate Finance for GEV, having previously advised the shareholders of GEV on an investment from Maven Capital Partners in 2015, and advised the management team through the exit of Maven, and secondary investment by Bridges in 2019. Dave Howes, partner at FRP Corporate Finance, said: “We are delighted to have supported GEV on their latest transaction to Certek. Having worked with GEV and the management team for over 10 years, it has been fantastic to see the business evolve into a truly global market leading service provider in the wind energy industry. The investment by Certek will enable GEV to continue their growth and innovation in the sector.” David Fletcher, CEO of GEV, said: “Our business plays a critical role in supporting the generation of clean energy, as we actively maintain the operational performance of wind turbines and help to reduce downtime. “With Certek’s backing, we will continue to increase our support infrastructure for our clients and play an active part in supply chain solutions, focusing on the consistent delivery of quality and safety that our clients demand across all key geographies where we operate.” Additional sell-side advisors included Pinsent Masons (legal support to the shareholders), Squire Patton Boggs (legal support to management), GNEISS Energy (market advisory), Ernst & Young (vendor financial due diligence) and Brinckmann (commercial due diligence).

Wakefield city centre regeneration scheme reaches final stages

Yorkshire-based developer and heritage specialist Rushbond has submitted amended plans for the 200-year-old Grade II* listed former Crown Court on Wakefield’s Wood Street, refining the original 2024 planning approval to enhance access, usability and heritage integration, and further progressing a sustainable business model. The updated designs take the vision to the next stage, paving the way for construction to begin in summer 2025. With the site on track to reopen as a creative workspace, cultural, community and leisure destination by summer 2026, this major milestone marks the final key piece in the significant civic quarter regeneration project. The new planning submission—developed by Yorkshire-based architects Group Ginger — reimagines the courthouse as a multi-use venue, a kind of modern-day ‘village hall’ for the city and underpinning the residential community of the neighbouring Wood Street Collection, currently under construction. Developed in partnership with Wakefield Council, the Wood Street Collection is a distinctive new neighbourhood that includes 63 new homes and apartments for sale and rent, delivered by Fallowdale Homes, Rushbond’s housebuilding arm. New design elements within the former Crown Court include:
  • A new accessible entrance at street level inserted into an existing window bay—creating inclusive public access for the first time.
  • A redesigned public terrace, sympathetic to the building’s Georgian stonework, softened with planters and a balustrade.
  • A layered internal layout that brings new life to each courtroom and office: from an events space in the main courtroom, to a food hall, and co-working studios for creatives, as well as workspace.
  • The first glimpse of how these architectural interventions will be expressed visually, with a CGI showcasing the exterior of the building, highlighting the blend of heritage and modern craft.
Jonathan Maud, founder and chairman of Rushbond, said: “Wakefield’s historic administrative city status means it’s got more than its fair share of heritage and architectural jewels and we’re proud to be in a position to restore one of its most dazzling, the former Crown Court, into an important destination at the heart of the city’s life once again. “Wakefield’s really starting to turn heads. This development is part of a bigger wave of change happening across the city—alongside standout projects like Production Park and Tileyard North, which are putting Wakefield on the map as a hub for creativity and innovation. “With world-class cultural gems like The Hepworth, Yorkshire Sculpture Park, together with Neon Workshops already here, and the recently opened Wakefield Exchange (WX) – a new space hosting events, street food, studios and more, there’s a real energy building. “It’s becoming a place where culture, business and community thrive—and where people can afford to live and work in a great compact, well-connected and inclusive city. That’s exactly the kind of city we want to invest in.” A newly commissioned neon sculpture from internationally acclaimed, Turner Prize-winning artist Martin Creed, entitled ‘EVERYTHING IS GOING TO BE ALRIGHT’, will be installed on the portico of the former Crown Court towards the end of 2025 with further public artworks from local artists planned for the Wood Street Collection area. Cllr Michael Graham, Wakefield Council’s cabinet member for regeneration and economic growth, said: “This is one of our city’s most iconic landmark buildings. I am extremely pleased that plans are progressing to bring this historic building back to life. I can’t wait to see it finished, with its doors open, playing an important role in the community once again. “It’s also great to see work continuing across the road from the Old Court House on another historic asset, the former Police Station. Once complete this regeneration project will create fantastic new city centre living opportunities. Ideal for people who want to enjoy the benefits of having shopping, entertainment, restaurants, and job opportunities right on the doorstep. “Rushbond have been working closely with the Council to finalise the securing of funding for these projects. The work being carried out on Wood Street is part of a much wider programme of work the Council is facilitating to support and transform our high streets. This really is an exciting time for Wakefield.”

Investment sees beer company brew expansion

West Yorkshire-based Amity Brew Co is expanding into the UK trade and overseas markets with investment from Finance Yorkshire. The company – founded in 2020 during the Covid lockdown – is opening a new production facility in Bradford to increase the supply of beers to its existing taproom in Sunny Bank Mills, Farsley. The £150,000 investment from Finance Yorkshire’s loan fund will support Amity Brew’s fit out of the new brewing operation at Albion Mills in Greengates. The increase in brewing capacity will also enable the company to increase its sales elsewhere, including the supply of new markets in Europe, Asia and Scandinavia. Amity Brew was founded by experienced beer experts Rich Degnan and Russell Clarke. Rich said: “We are ambitious to expand our offer to customers across West Yorkshire as well as further afield. With the support of Finance Yorkshire, our new brewery operation will enable us to stay true to our vision of community, friendship and good beer while extending our reach to a much wider customer base.” Finance Yorkshire’s investment has also enabled Amity Brew Co to strengthen its team with the appointment of Josh Waldock as sales and events manager. A well-known figure in the craft beer industry, Josh brings over a decade of experience and a passion for connecting people and building relationships. “My journey started behind the bar where I developed a deep appreciation for the art of brewing and the stories that come with every pint,” said Josh. “Whether it’s collaborating with like-minded breweries, organising unforgettable events or exploring new ways to grow, I’m all about making meaningful connections that drive results. I’m excited to be part of Amity as we build something special in Bradford and beyond.” Alex McWhirter, CEO of Finance Yorkshire, said: “In a short space of time, the Amity Brew team have established a solid and exciting brand which is ready to broaden its appeal to a larger home and a new and developing overseas market. “Finance Yorkshire is looking forward to supporting Amity with investment for its new brewery and equipment which will help fulfil the team’s enthusiastic growth ambitions – particularly as a community-orientated business.”

£10m mixed-use farming estate with commercial income potential up for sale

A 878-acre mixed-use agricultural estate straddling Nottinghamshire and Lincolnshire has been listed for sale at nearly £10 million, presenting an investment opportunity for commercial and agricultural buyers.

The property includes Cowsland Farm and Lea Marsh Farm and is being marketed by Bidwells. It is available as a whole or split into four lots, offering flexibility for various acquisition strategies.

The estate features a combination of arable land, pasture, a residential farmhouse, and commercial buildings currently generating income. It has been under long-term ownership and professionally managed through local farming agreements.

The land is arranged in two main blocks: one near South Leverton in Nottinghamshire, and the other south of Gainsborough in Lincolnshire, alongside the River Trent.

Lot 1 spans 12.5 acres and includes a large farmhouse now tenanted, along with commercial buildings currently leased to Cranswick Pet Products, providing ongoing rental income.

Lot 2 consists of nearly 290 acres of arable land used for typical crop rotations such as wheat, barley, maize, peas, and oilseed rape. Fields are configured to suit modern machinery.

Lot 3, Forwood Farmland, is a standalone 92.5-acre arable block located near Treswell Wood. It offers scope for further agricultural or environmental use.

Lot 4, Lea Marsh Farm, is the largest portion with 484 acres primarily of pastureland and one arable field. Its riverside location and environmental characteristics may appeal to buyers pursuing biodiversity or natural capital projects.

The estate combines commercial, residential, and environmental value streams, making it suitable for diversified rural investment portfolios or strategic land acquisition.