Rising debt and inflation fuel surge of Yorkshire businesses in financial distress

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Yorkshire businesses are facing a growing burden of escalating economic pressures including rising interest rates and higher labour and materials costs, according to the latest Red Flag Alert data from independent business rescue and recovery specialist Begbies Traynor.

The report found that 29,261 businesses in Yorkshire were suffering early or ‘significant’ distress in Q2 2023, an 8% increase on the same period in 2022 and up 4.9% on the first quarter of this year. ‘Significant’ distress refers to businesses showing deterioration in key financial ratios and indicators including those measuring working capital, contingent liabilities, retained profits and net worth.

Across the UK, ‘significant’ distress was up by 8.5% in the second quarter of this year compared to the same period last year, with a total of 438,702 businesses affected. The three sectors most severely affected by financial distress nationally were support services, construction and real estate and property services.

The latest data is sourced from a completely new Red Flag dataset that has involved deep dive analysis of eight years’ company data by data scientists over the past two years to track key factors behind company distress and failure rates.

Of the 22 sectors monitored by Red Flag Alert, in Yorkshire nine reported increases of over 10% in the number of companies in significant financial distress compared with a year ago. Sectors suffering the biggest increases in significant distress in the region, compared to last year, included sport and health clubs (16.7%), property businesses (14.2%) and retailers (14.6%) which accounted for 21% of this distress (6,074 businesses). Other sectors which saw escalating early distress were health and education (13.4%) and media (11.3%).

Julian Pitts, regional managing partner for Begbies Traynor in Yorkshire, said: “Higher interest rates have hit both consumers and businesses hard and there are mounting concerns that the situation may become worse in the second half of this year in Yorkshire and across the UK, when winter sets in and energy costs go up.

“Consumers are feeling the pinch and cutting back not just on discretionary spending but also on essentials to counteract higher mortgage and loan repayments. Meanwhile businesses are also seeing the cost of their debt rising and, still reeling from the effects of the pandemic and set back by higher energy bills and the effects of the war in Ukraine, it’s no wonder that the number of distressed companies has jumped since last year.

“Given the wider economic uncertainty we fear that time is simply running out for many businesses and we expect a surge in company collapses with the likely failure of many ‘zombie businesses’ in the coming months.”

He added: “Our advice to businesses is to monitor their financial position carefully and seek advice from qualified restructuring professionals as soon as any problems become apparent to avoid them escalating.”

Plans approved for £12.5m Hull facility to drive low carbon technologies

Ideal Heating has received the green light to establish a new £12.5m research and development facility to support low carbon technologies including heat pumps. Hull City Council has granted full planning permission for the UK Technology Centre at Ideal Heating’s headquarters site in the city. The R&D facility will create a testbed for product development and advancements in the heating solutions to help decarbonise UK homes and business premises. The state-of-the-art facility, at Ideal Heating’s site at National Avenue in Hull, will see the company expand its R&D team. It represents a significant investment from Ideal Heating and will play key role in the company’s transition to low carbon heating solutions including heat pumps. Construction of the UK Technology Centre is expected to begin this October and is due be completed in late 2024. The R&D centre is set to be operational in early 2025. Ideal Heating engineering director Helen Villamuera said: “Our UK Technology Centre is part of a major £60m investment we’re making in our Hull site, to support heat pump manufacturing, distribution and innovation in heating technologies. “From the outset, Hull City Council has been fully supportive of our plans, which will create highly skilled jobs in the city and expand our existing R&D capabilities. “We’re delighted to have secured full planning permission for the UK Technology Centre. We will now begin a competitive tender process to appoint a contractor to deliver this project.” The two-storey building, with an additional partial storey to accommodate plant rooms for the centre, will help to develop and refine the low carbon heating technologies, including heat pumps, needed to decarbonise the UK’s 25 million homes. The Government has set ambitious targets for heat pump deployment, including for 600,000 heat pumps to be installed in domestic properties annually by 2028. The UK Technology Centre will provide a purpose-designed new home for Ideal Heating’s expert R&D team, which has an increasing range of engineering roles related to design, development, electronics, simulation and product testing disciplines. Laboratory facilities within the 38,000 sq ft building will enable Ideal Heating’s R&D team to simulate a range of scenarios and conditions to test new innovations and advancements. The R&D facility is one of a series of major investments from Ideal Heating at its Hull site. Construction work has been completed on a heat pump production facility and expanded distribution centre, totalling £20m of investment. Ideal Heating also announced recently it had started producing its new monobloc heat pump, Logic Air, in Hull as the company supports the rollout of renewable heating products. Ideal Heating has also opened a £2.2m National Training and Technology Centre in Hessle, on the outskirts of Hull, with capacity for up to 5,000 installers every year to learn the skills needed to supply and maintain heat pumps.

New commercial scheme set for central Lincoln

Lincoln contractor, Stirlin, has revealed details for a new commercial scheme in central Lincoln. The scheme, Witham Enterprise Park, is planned to offer nine new industrial units with sizes starting from circa 956 sq ft, designed by Johnathan Roberts Architects and constructed by Stirlin. The 1.22-acre site, located off Newark Road, adjacent to the Esso fuel station and the River Witham, serves as a prime gateway into Lincoln City Centre. Split across three phases, Witham Enterprise Park will provide over 16,000 sq ft of employment space. Tony Lawton, Managing Director of Stirlin, says: “We’re delighted to collaborate with our joint venture partner to bring forward Witham Enterprise Park. The existing site will greatly benefit from a complete regeneration and there is a notable lack of sufficient contemporary industrial space within the city centre. “We are looking forward to delivering another fantastic project that will boost the county’s economic growth and support the local business base. With its excellent access to Lincoln City Centre and the A46, Witham Enterprise Park will act as the perfect hub for a variety of both local and national enterprises.” Jasper Caudwell, Chartered Surveyor at Pygott & Crone, says: “We are delighted to be named as sole agents on another one of Stirlin’s leading developments in Lincoln, Witham Enterprise Park. The scheme sits in an extremely attractive and strong strategic position located just off Newark Road and will fill a much-needed gap in the market for accessible, modern warehouse space. “The success of the scheme has already been proven by the early interest off-plan, with two units already under offer. We recommend interested parties to get in touch at the earliest to see how your business could benefit from being located at Witham Enterprise Park.” Site preparation works are underway, with construction due to commence imminently.

Kay joins Chamber in membership and marketing role

The Hull & Humber Chamber of Commerce’s appointed Kay Hudson as Membership and Marketing Executive in the wake of Janice Harrison’s retirement in July. Kay has more than 25 years’ experience in both private and public sector organisations and thrives on creating successful results for clients and is now looking forward to putting those skills to good use in a membership organisation. Kay has previously worked in numerous sectors, including inward investment and economic development, healthcare, education, legal, luxury retail, property, sports, military, tourism and leisure, agriculture and food and energy and renewables, and has met some interesting characters along the way, including Brian Clough, Stuart Pearce and boxers Anthony Joshua and David Hayes. Alongside David Hooper, External Affairs and Membership Director and Anne Tate, Northern Lincolnshire Manager, Kay will be helping to create an exciting Chamber Events Diary for 2024 to support the region’s businesses, keeping them informed of new opportunities and helping them to flourish in the Humber region. Kay said: “I was thrilled to be invited to join the Chamber team and I’m already enjoying my new role. There’s a lot to learn and I’m looking forward to putting my skills and knowledge to good use for the Chamber’s members.” David Hooper said: “Kay has a strong skill set and some great ideas for some different events and she is already proving to be a valuable asset to our team. She is really looking forward to getting to know our members, so feel free to give her a call and say hello!”

Work starts onsite at Leeds Beckett University city campus building

Leeds Beckett University’s Rose Bowl building is undergoing a four-floor transformation, which will revolutionise the way staff and students work, study and collaborate. Chameleon Business Interiors has been commissioned to deliver interior design, fit-out and furniture services at the city centre building. Harriet Wagstaff, head of sales, at Chameleon said: “The work is taking place across a mix of staff work departments, teaching spaces and student areas. “Research shows that working in a collaborative – rather than individual – setting sees a 50% increase in productivity. This boosts motivation and engagement. But Leeds Beckett University had identified that the Rose Bowl building was quite segregated. Departments needed to be strategically brought together to enable better collaboration and in turn, greater productivity – all while embracing hybrid working. “So, we’ll be incorporating collaboration hubs and lounges, a collection of different work environments – from comfortable seating to high benches – and contemporary, glass-fronted meeting pods. Alongside this, work-café areas will feature at the end of each wing on all four floors to create an informal space away from desks, where staff and students can hold informal meetings and hot desk. “We’ve delivered a number of projects in the education sector, but this is our first piece of work with Leeds Beckett University – so we’re incredibly proud and excited to play a role in improving the working environment for staff and students for years to come.” Work is due to complete in September.

Shawbrook increases facility for York-based One Stop Finance

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York-based One Stop Business Finance has agreed an extended deal with Shawbrook to sustain its work in lending to SMEs. The increased facility provided by Shawbrook will allow One Stop Business Finance to keep delivering flexible funding to its clients and grow their loan book, helping in delivering services to an increased number of small businesses, UK-wide. Established in 2014 in York, One Stop Business Finance offers bespoke funding options to SMEs. From working capital solutions to invoice finance and development lending, the specialist lender offers clients a personal service which includes access to a dedicated ‘trusted advisor’ who works one-on-one with business owners. Shawbrook and One Stop Business Finance’s relationship first began in 2019, when Shawbrook provided a £3m facility funding their bridging and development finance book. This has since increased in line with business needs and growth, most recently having grown from £10m to £15m in June this year. Shawbrook is now the firm’s largest funding partner, with Shawbrook’s deep understanding both of One Stop Business Finance’s business and the wider market being a key driver behind the relationship. Andrew Mackenzie, Group MD at One Stop Business Finance, said: “This additional funding line continues to sit well alongside our private money and ensures that we have sufficient cash availability to deliver our plan to become a nationwide lender. “As conditions remain precarious across the country, it is important that we continue to strive in delivering our friendly flexible funding solutions to fund business growth for those who may struggle to access cash through the traditional routes.” Luke Randell, Associate Director of Structured Finance at Shawbrook, said: “One Stop Business Finance offer much needed support to the UK’s SMEs, and we’re pleased to be assisting them with their next stage of growth. The senior team’s professionalism and strategic management skills have been particularly impressive throughout our relationship with them, and we’re excited to see where they take the business next.”

Digital double act simplifies procurement on projects worth billions

A digital double act is working to simplify procurement around built environment projects worth billions of pounds and deliver an equally impressive return in social value.

The partnership between Hull-based businesses The 55 Group and 43 Clicks North is also geared to driving the development of digital skills in their home city and helping other employers use technology to flex their marketing muscles. The 55 Group operates frameworks through its Pagabo brand to match public and private sector clients with suppliers for built environment projects ranging from demolition through to major works and civils and infrastructure. Contract values start from around £50,000 and rise to £50m or more and, with its nationwide reach, Pagabo has pulled in completed projects worth a total of more than £4bn. Pagabo’s sister brand, Loop, uses software to forecast, monitor and evaluate the entire life cycle of any project and has enabled a social value return from projects in excess of £26bn. Other brands in the group, which employs 88 people, include risk management and compliance software company Sypro and digital-first training platform Tequ. Sam Burton, head of commercial marketing at The 55 Group, said: “Our mission is to use technology and innovative thinking to support a better, faster, and greener approach within our core markets. “Our platforms support an ecosystem that allows the world to evaluate, procure, manage and learn in a more sustainable way. From compliant procurement of suitable suppliers through to high-quality social value reporting, it’s an end-to-end process helping clients safely, securely and efficiently complete their important projects.” “We tried digital marketing before and we felt 43 Clicks North would give us greater added value, and we have really seen that in the last few months. They have out-performed where we thought we would be and it’s justified our decision to change. “It’s not that we started from nothing but they have kicked on even further in terms of enquiries through our digital channels. We could have carried on as we were and we would have been fine, but we made a business decision to improve and this has been a step change. “We challenged 43 Clicks North to see what they could do and they have risen to the challenge, including working with our team to help us develop our knowledge.” The value of Pagabo projects currently in procurement is nearly £500m and includes a £90m academy services framework launched in July and a £1bn refit and refurbishment framework which went live in May.

Government acts on creation of his’n’hers toilets in new builds or refurbs

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Every company designing a new non-domestic public or private building will have to provide separate single-sex toilets for women and men and/or a self-contained, private toilet as a minimum. That’s a new announcement that Government is bringing forward a consultation on new regulations, in a change which comes amid dignity and privacy concerns from women and elderly people who feel they are being unfairly disadvantaged as publicly accessible toilets are increasingly being converted into gender-neutral facilities. Concerns over the rise of neutral gender facilities has meant that public have been forced to share cubicle and hand-washing facilities, leading to increasing waiting in shared queues, decreased choice and a limitation on privacy and dignity for all. New regulations and guidance will mean women, who may need to use facilities more often because of pregnancy or sanitary needs, will now be guaranteed appropriate facilities either through a separate single-sex space or through a self-contained, private toilet. The action taken today builds upon the Government’s commitment and wider approach to the protection of single sex spaces. In addition to single sex toilets becoming the default and minimum for new non-residential buildings and places undertaking major refurbishment, the guidelines will encourage the consideration of self-contained toilets, which are a fully enclosed toilet room with a wash hand basin for individual use. This new approach will help to maximise privacy and dignity for of all, which will be explicit in the guidance. A new short technical consultation to shape the changes will open tomorrow. Kemi Badenoch, Minister for Women and Equalities, said: “It is important that everybody has privacy and dignity when using public facilities. Yet the move towards ‘gender neutral’ toilets has removed this fundamental right for women and girls. “These proposals will ensure every new building in England is required to provide separate male and female or unisex facilities, and publish guidance to explain the difference, protecting the dignity, privacy and safety of all.”

Businesses are offered free advice about how to cut energy bills

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British businesses will be able to access brand new advice and support to reduce their energy bills while cutting their carbon emissions. The UK Business Climate Hub launched today includes a free carbon calculator and a suite of new tools to help businesses measure, track and report on their emissions and save money by using less energy. It offers detailed advice on everything from sourcing products from green suppliers and reducing emissions from freight and logistics to the most cost-effective ways of installing solar panels and electric vehicle (EV) charging points. The new support is aimed particularly at the UK’s 5.5 million SMEs, with business and industry accounting for around 25% of emissions. Research shows that 90% of SMEs are keen to tackle climate change, but find it difficult to know how or where to start to find the right solutions to reduce their carbon footprint. Studies also show 85% of consumers are more likely to buy from a business with a reputation for sustainability, meaning going green can help grow the economy. Minister of State for Energy Security and Net Zero Graham Stuart, the MP for Beverley and Holderness, said: “The UK has cut its emissions more than any other major economy in the world. More and more businesses are recognising the business benefits of reaching net zero and we’re determined to empower them to do so. The new UK Business Climate Hub is a one-stop-shop for businesses to find practical advice to reduce their carbon footprint and save on their energy bills.

Whether it’s fitting a low-carbon heat pump, generating energy with solar panels, or reducing the emissions from shipping goods, the new support will ensure businesses can drive towards net zero.

The new UK Business Climate Hub serves as a one-stop-shop for businesses who have yet to start making changes, as well as those who are already taking action to reduce emissions but want to take things to the next level. As well as helping bosses measure and report on their emissions, the site provides advice and support on an array of things, including:
  • switching employee modes of transport and paying less for company EVs
  • getting business grants, green loans and financing for a retrofit
  • getting an air source heat pump
  • generating green energy with a wind turbine and selling it back to the grid
  • reducing emissions from farming and land use
  • buying credible carbon offsets
  • getting low-carbon product labels and certifications
  • reducing waste and recycling more
National Chair of the Federation of Small Businesses, Martin McTague, said: “SMEs recognise their role in net zero but many still find it challenging to access the relevant support and resources to play their part. This new official platform for advice and support will really help.

“In addition to helping small firms become more energy and resource efficient, the hub also has the opportunity to empower small firms to take ambitious steps towards net zero, ultimately ensuring that they also benefit from the economic opportunities created in a net zero economy.”

Yorkshire mouldings company secures £20,000 Made Smarter grant

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“Looking ahead, we aspire to be at the forefront of digital transformation within the manufacturing sector. By offering our wood moulding profiles through an AR interface, we aim to lead in AI-driven research and case study content.” For other businesses in the manufacturing sector seeking grant funding, he offered the following advice: “Understand the benefits you wish to derive beyond the funding itself. This will help you build a compelling case for support and increase your chances of a successful grant award.”
Made Smarter, a national initiative dedicated to driving growth in UK manufacturing through the adoption of digital technologies, innovation, and skill development, is managed in the region by York & North Yorkshire Growth Hub. This programme offers valuable support to small and medium-sized enterprises enhancing their competitiveness and productivity. Mike Pennington, the business relationship manager for Made Smarter in the York and North Yorkshire region, said: “PML’s strategic approach towards digitisation and innovation perfectly aligns with Made Smarter’s objective of fostering growth in the manufacturing sector through digital advancements.”

Susan appointed as service manager for housing initiative

Susan Cake-Taylor has been appointed as the service manager of Gainsborough Housing Related Support Services, run by Longhurst Group, based in the town to care for people at risk of homelessness. She starts her new position next week (August 14) and is already looking forward to forging stronger connections with local service providers in the area. Susan said: “The team here is amazing and the quality of support they give to our service users and residents is awesome. “With this team, we can make sure this is a service that continues to provide outstanding support to vulnerable people. I have heard lots of good things about West Lindsey District Council from the team and we hope the Council will continue to help us to move people on to more permanent accommodation with other appropriate support wrapped around.” Susan said: “People find themselves at risk of homeless for a range of issues including a loss of job, financial difficulties, a break down in a relationship and much more. Here at GHRSS we are here to help support people get back on their feet and on to the next part of their journey.” The facility accommodates 12 service users at any one time, with access to shared features such as a kitchen, lounge, and a games room. It offers four dispersal units which is supported accommodation for up to 6 months before individuals are moved on to a more permanent accommodation – with the appropriate support in place.

Businesses need clear direction from Government, says BCC

The UK economy is still in a precarious place in spite of better-than-expected growth news, according to British Chambers of Commerce Head of Research David Bharier. He said: “Today’s first estimate for Q2, showing GDP grew by 0.2% is better news than expected, but the UK economy remains in a precarious place. Businesses are continuing to face a worrying mix of high inflation, rising interest rates, a tight labour market, and global economic uncertainty. Today’s data is in line with our Quarterly Economic Forecast which expects just 0.3% for the whole of 2023. While the UK remains on course to avoid a technical recession, small movements in one direction or the another won’tmean much for many firms facing the toughest trading conditions in years. Our latest Quarterly Economic Survey shows that most SMEs continue to report no improvement to investment, cash flow, or sales. Worryingly, 41% of businesses are now concerned about the impact of rising interest rates. “UK businesses are very adaptable, but they are looking for clear direction from the government and the Bank of England, particularly on interest rate policy and a long-term plan to unlock investment.

Council plans campaign against rogue traders selling vapes to under age children

Rogue retailers pedalling vapes to children in North Lincolnshire are to be targeted in a new offensive designed to stamp out underage sales. A series of undercover operations will be launched with teens sent into shops to buy vapes from retailers across the area. The vapes should only be sold to people aged 18 or over. Anyone caught selling to children can be fined up to £2,500. Cllr Rob Waltham, leader, North Lincolnshire Council, said: “Our aim is to ensure the well-being of our young people. The increasing use of vapes, combined with mounting concerns about their potential risks, demands tougher measures. “While the evidence suggests that e-cigarettes are less harmful than tobacco products, for adults the choice is theirs to take however there are age restrictions for a reason –selling vapes to children and teens is not acceptable and we will tackle this. “We are committed to preventing underage access to these products, shopkeepers need to be aware that the young person they are selling to may indeed be part of the undercover operations we’re launching – that could cost them.” While many of the vapes come in appealing flavours, they do contain nicotine. This is not the lethal part of tobacco smoke but is addictive. Cllr John Davison, cabinet member for safer, stronger communities (urban), said: “The approach we are taking is targeted to expose rogue retailers and serve as a powerful deterrent. Retailers found in violation of the law by selling vaping products to underage individuals will face substantial fines of up to £2,500. “The financial penalties are designed to send a clear message that we take this issue seriously – we are committed to protecting our young people from the negative effects of vaping and will not tolerate any attempts to circumvent the law, it’s irresponsible and we will not accept it here in North Lincolnshire.” People have also been reminded about discarding disposable vapes irresponsibly. Anyone caught littering in North Lincolnshire can be fined £150, with this limit set to increase to £500 in the coming weeks.

Second Hull venue gets grant to help boost Hull’s city centre economy

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A Hull company called Crepes & Bubbles Whitefriargate Limited is to receive £101,800 for the proposed conversion of a redundant unit to open as a takeaway food and beverage shop selling crepes and bubble tea. The Levelling Up funding will help to bring back into use 33 Whitefriargate, which has stood empty since 2021 when it was vacated by Thorntons. It will aid Crepes & Bubbles to purchase business support equipment such as fridges and freezers and electronic menus, as well as installing preparation stations and the remodelling of stud wall partitioning. There will also be the creation of a new customer counter, internal and external decoration and the remodelling of stud wall partitioning. The project is also predicted to create seven full-time equivalent jobs. Cllr Drake-Davis said: “This is an exciting project and one that will no doubt be popular in the city centre. “Having stood empty since 2021, 33 Whitefriargate is in a fantastic location and Crepes & Bubbles will be a brilliant addition to the Old Town. LUF has already supported many hospitality businesses and I look forward to seeing another one completed.”  

South Yorkshire firms offered share in £3.4m to help cut carbon emissions

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Businesses in South Yorkshire will benefit from a £3.4million investment to help them reduce their carbon emissions. Running until March 2025, the project will provide support to 260 SMEs in Sheffield, Barnsley, Doncaster and Rotherham to help them understand the opportunities available to reduce their carbon footprint. Businesses will benefit from a free energy audit to identify potential energy saving improvements such as low-energy lighting systems or insulation. Delivered by South Yorkshire’s local authorities, the project is part funded by the South Yorkshire Mayoral Combined Authority’s Shared Prosperity Fund allocation. Low carbon grants are also available to help businesses invest in solutions to reduce their energy consumption and costs, helping them to become more productive, resilient, and environmentally friendly. As part of the package of support available, specialist advisors will provide comprehensive advice and support throughout the process. Karen Sherwood is the founder and owner of Cupola Contemporary Art in Sheffield. She benefited from funding to help her save on energy costs, in particular heating and lighting. She was supported to lower ceilings, install insulation and motion sensor lighting, and upgrade the boiler. This helped Karen reduce her energy usage, improve the customer experience and demonstrate commitment to reducing her carbon footprint. Karen said: “The Low Carbon Advisor was personable, honest and responsive to my questions. I felt I was talking to somebody who understood what I might not know. They did what they said they were going to do when they said they were going to do it. Without support and match funding, I wouldn’t have been able to implement the same programme of improvements.” Councillor Martin Smith, Chair of the Economic Development and Skills Committee said: We know many business owners want to reduce energy costs and do their bit for the planet but it can be difficult to plan how to reduce your carbon footprint and find the money to pay for carbon saving measures. “Specialist advisors will help businesses identify where they can make changes that save budgets and tackle the climate crisis. Low carbon grants will bring ideas into action and give businesses the financial support they need to make changes that will reduce energy costs and carbon emissions whilst improving efficiency and resilience. “This scheme will give owners the confidence and support they need to make sustainable changes to their business, something that is crucial if we are to look after our planet and let business thrive.”

City of York plans free events to help business unlock benefits of inclusive recruitment

City of York Council has launched a series of events aimed at helping businesses to unlock the benefits of inclusive recruitment.

The York Inclusive Employer Network Event forms part of a series of events this autumn encouraging businesses in the city to be ambitious about employment for all. It will take place at Delta Hotels by Marriott York on Thursday 28 September, with sessions running from 9.30am to 2.30pm. The free event is being hosted by the council as part of a nationwide programme, Internships Work. It has been designed with employers in mind and will explore how young people with Special Educational Needs and/or Disabilities (SEND) can help businesses meet their recruitment needs through supported internships, supported apprenticeships and work placements. Attendees will be able to connect with other local employers, discover the support available to help their businesses develop an inclusive workforce, and hear from representatives from education, supported employment agencies, City of York Council services, as well as from young people, their parents and carers. Book your free tickets to the launch of York’s Inclusive Employer Network. Cllr Bob Webb, Executive Member for Children, Young People and Education, welcomed the events, saying: “We understand that diversity is not just desirable, but essential for businesses to succeed in the modern marketplace. “We see again and again the positive impacts that diversity has on all aspects of our community, including in the workplace. “We are delighted to support these events and are committed to building opportunities for everyone in our city to learn, earn and grow.’ Simon Mahon, General Manager at the Grand Hotel York, added: “Here at The Grand York, we are committed to being an inclusive employer, and are proud to be one of York’s first Disability Confident Leaders. “We recognise and respect the unique experiences of each and every member of our team and foster a compassionate and understanding environment where everyone can thrive and reach their full potential. “We are thrilled to be a part of York’s Inclusive Employer Network and look forward to working alongside other like-minded organisations in our journey towards a more inclusive society. At The Grand, we believe that inclusivity should be a guiding principle that influences every aspect of service, ensuring that no one feels left behind.”

Libraries’ business support programme delivers payback for small firms

Published by the British Library, a new report called Democratising Entrepreneurship 2.0, reveals the national impact the Business & IP Centre Network has had over a three-year period ending in March this year including in the East Riding. It shows how the Humber Partnership has ​​continued to support entrepreneurship and economic recovery at a local level, contributing to a payback of £6.63 for every £1 of public money spent across the BIPC Network. The BIPC in Hull ​​and its network of libraries in Beverley, Bridlington, Goole and Grimsby are physical hubs where people can learn, network and access free and low-cost information and support in protecting and commercialising a business idea. The service comprises:
  • Free access to high-quality UK and global market intelligence, customer insights and company data, combined with intellectual property advice and guidance
  • Free and low cost workshops, one-to-one support and mentoring delivered by library staff and public/private sector business experts and partners
  • Topical and inspirational networking events, featuring role model entrepreneurs
  • Accessible and welcoming spaces with access to PCs, desks and Wi-​​Fi
  • A comprehensive package of online support; including webinars, one-to-one business and IP advice sessions and screenings of our programme of inspirational panel discussions
Isabel Oswell, Head of Business Audiences at the British Library, said: “This month marks 50 years since the British Library first began operations and helping businesses to innovate and grow continues to be one of the Library’s core purposes. This report reiterates the unique power of libraries as engines of innovation, economic growth and social mobility in the heart of diverse communities. Whether you consider yourself an entrepreneur, freelancer or just have an idea, the Business & IP Centre Network provides accessible, free and impartial support, delivered by dedicated informed professionals and trusted business experts, both online and in person across the UK.’ Councillor Nick Coultish, portfolio holder for culture, leisure and tourism, added: “I would encourage all East Riding residents who feel they could benefit from these facilities to come in and take advantage of these BIPC Locals. They are a great way for enterprising people to learn,  make contacts, and get the information they need to develop their business ideas.”

Former pro footballer jailed for fraud offences

Former pro footballer Stephen Oleksewycz, 39, has been sentenced to 27 months imprisonment by Leeds Crown Courtfor fraud offences and acting as a company director while an undischarged bankrupt. He was also required to pay compensation within three months to the two creditors he defrauded. Oleksewycz, from Halifax, started in the events promotion industry following his retirement as a professional footballer due to injury. He established his company, ‘An Exp With Ltd’, in February 2016 with himself as sole director but he was made bankrupt later that year due to an outstanding debt of over £16,000. Individuals who have gone bankrupt are subject to certain restrictions, in particular it is a criminal offence for a bankrupt to act as a company director, or to manage or promote a company, without express permission obtained at court. Oleksewycz did not have permission, however he continued to act as a director of An Exp With Ltd, which he used to deliver ‘An Experience With’ event in February 2017 involving Conor McGregor, the mixed-martial arts fighter. The fraud offences related to this event, where Oleksewycz sent fake documents to the venue company, EventCity, and the company streaming the event, Groovy Gecko. When both companies contacted Oleksewycz to advise they had not received their fees to run the event, Oleksewycz sent them doctored bank documents purporting to show the payments had been made, as a stalling tactic in the days leading up to the event. This succeeded, and both companies felt they had to proceed in the hope the lack of payments were due an honest mistake and would be addressed, or risk the event collapsing. However, after the event took place Groovy Gecko did not receive any payment and was owed over £15,000. EventCity was paid just £5,000 of the outstanding total, which was nearly £80,000. Both companies were then informed that An Exp With Ltd had gone into liquidation. Glenn Wicks, Chief Investigator at the Insolvency Service, said:”Acting as a company director while being an undischarged bankrupt is a serious offence, and to compound this Stephen Oleksewycz deliberately defrauded two businesses who gave him the benefit of the doubt to run an event despite their concerns about his behaviour.”

Plans submitted for The Square at York Central

A Reserve Matters planning application has been submitted for the new Square at York Central, following a series of events where members of the public shared their ideas to shape its design. Plans for The Square at the York Central development were submitted for approval by Homes England and Network Rail Limited on behalf of the York Central Partnership. It marks the next significant phase of the development since outline planning permission was granted by City of York Council in 2019. Formally referred to as RMA3 (The Square), the application details the proposed layout, scale, appearance and access for creating a new public space with associated infrastructure and landscaping. It also includes suggested alterations to the existing road network, in line with the design guide and outline planning considerations. Initially anticipated to be submitted in Spring 2023, the submission was delayed to gather additional feedback from members of the public, partners and wider stakeholders within York. A series of in person and online events were held from November 2022 to June 2023 for people to share their views on emerging plans and help shape the designs. Natalie Webster, senior project manager on behalf of Homes England and Network Rail, says: “Key feedback which has informed the design has been around safety for pedestrians and cyclists, accessibility, lighting and planting. Greenery and community public space were important to many people too, as well as linking with wider phases of the development. “We’ve listened to what people wanted and worked closely with the wider design and planning team to incorporate as much of this feedback as possible into the latest planning application. There have also been some great ideas that are not suitable for this particular area of the scheme but could work well elsewhere on the site and we will consider these where appropriate.” York Central is one of the largest city centre brownfield regeneration sites in England, with £135m public sector funding already secured to build key upfront infrastructure. Infrastructure work began in Summer 2022 to build over two kilometres of new roads plus public footpaths and cycle ways, as well as new utilities and the building of two new bridges over the East Coast mainline. It will also provide up to 2,500 homes, at least 20% of which will be affordable, create over 1 million sq ft of commercial space for offices, retail and leisure and provide a significant boost for the local economy with potential to create up to 6,000 jobs. The plans for The Square have been validated by City of York Council and will now be considered by its planning team, with a decision expected by the end of 2023.

Acquisition completed at building in the heart of Leeds

Two floors at The Granary, Leeds have been snapped up by White Rose Education. The Granary is a Grade 2 listed local landmark with a history dating back to 1777. The building is in the heart of Leeds and has been substantially redeveloped to offer 20,000 sq ft of office space. Tony Staneff, founder of White Rose Education, said: “We are delighted with The Granary. The property has recently been substantially redeveloped and is now one of the most advanced office buildings in Leeds. “Our ten year commitment to the building is part of a growth initiative and we will use this as offices, training facilities and media work. We expect over 80 staff members to eventually work from the property. “Schofield Sweeney have been absolutely fantastic guiding us through this transaction in particular dealing with very tight timescales and for accommodating our bespoke needs.” Pardeep Khela, director, Schofield Sweeney, said: “I am thrilled to get this deal over the line. The transaction was substantial in terms of value, complexity and timescales. A big thank you to Tony at White Rise Education and Elizabeth at Knight Frank for their help on this. I look forward to working together on new projects in the future.”