- LEP Growth Hubs are successful, and proven to work, especially for SMEs and have “a strong reputation for reliability and independence among stakeholders, partners, and businesses”.
- They reached 8% of all businesses in England – higher than the 2.5% ambition set in BEIS reporting.
- Growth Hubs simplify the business support landscape, undertaking significant stakeholder engagement and management, enabling local businesses to access the support and help available in their local areas.
- National and regional stakeholders saw Growth Hubs’ as having a unique understanding of local needs and strengths. This local strength and insight reaches local businesses where national programmes may not.
- Engagement with LEP Growth Hubs boosted employment levels for supported businesses – beneficiaries demonstrated an average 14% increase in employment one year after first engagement and an average 22% increase in employment after five years.
- In terms of turnover, there is clear sustained growth. Relative to the baseline, beneficiaries report an average increase of £782k one year after the first intervention, compared to £294k for non-beneficiaries. The equivalent increase five years post GH engagement is higher, at £953k.
- Businesses see the ‘human centred’ approach being of “immense value”, in terms of both dealing with partners and business beneficiaries, business felt this was “essential and advantageous, particularly in times of heightened uncertainty”.
- In conclusion LEP Growth Hub outcomes increased business R&D, access to finance, turnover, and job creation for local businesses
LEP Growth Hubs work for business, report finds
Water companies must go further and faster on environmental improvements, say authorities
“The Environment Agency will play its part by transforming the way we regulate the sector. We welcome this week’s announcement on unlimited penalties which will also improve our enforcement powers.”
Ratings takes into account performance on environmental commitments such as pollution incidents and treatment work compliance. Last year, an updated reporting approach was introduced, with revised metrics and tightened performance thresholds.Whitby now out of the running for ‘hydrogen village’ trial scheme
Pharmaceutical packaging firm placed into administration
Pharmaceutical Packaging (Leeds) Ltd has ceased trading and been placed into administration, with Mark Hodgett and Phil Pierce of specialist business advisory firm FRP appointed as joint administrators.
Based in Holbeck, Leeds, the firm used cutting edge technology to create bespoke labels for a range of national and multi-national organisations.
Due to the impact of rising supply costs and supply chain inflation, the firm was no longer able to meet its financial obligations. The firm has now ceased trading and has been placed into administration, with 21 employees made redundant.
Five employees will stay on to help FRP carry out an orderly wind down of the business over the next few weeks.
Mark Hodgett, restructuring advisory partner at FRP and joint administrator of Pharmaceutical Packaging (Leeds) Ltd, said: “Pharmaceutical Packaging had operated in the local area since 1878 and unfortunately, mounting external pressures, most notably rising costs, made the business financially unviable.
“Regrettably, this meant 21 staff were made redundant on appointment. We’re now supporting the individuals affected and preparing for an asset sale.”
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Significant deal completed at Leeds office and retail complex
Building phase complete at revamped Leeds Media Centre
Building work has been successfully completed in a major redevelopment of Leeds Media Centre to create extra business space and new opportunities for aspiring entrepreneurs in the city.
The £1.8 million scheme is being delivered by Unity Enterprise – a not-for-profit subsidiary of housing association Unity Homes and Enterprise – in partnership with Leeds City Council.
It has been part-financed by the European Regional Development Fund including support for a professional adviser to mentor young businesses, particularly those in the creative, digital and media sectors.
The construction phase began last autumn with scaffolding erected around the perimeter of the building in Chapeltown in preparation for the installation of a new roof and windows.
Extensive internal works have also been undertaken to remodel the ground and lower ground floors to facilitate up to 12 new business units and a specially designed business hub with modern virtual facilities.
The completion of the refurbishment programme will be celebrated at a community gathering in September with a separate event planned for the following month focusing on the new business hub.
Leeds Media Centre is owned by Leeds City Council and managed by Unity Enterprise on a long-term lease.
Cedric Boston, Unity Homes and Enterprise Chief Executive, said: “It is incredibly satisfying to see the building phase of this transformational project completed on time and on budget. Anticipation is already building around what the new facilities will achieve for enterprise in Chapeltown and beyond.
“As a housing association rooted in the local community, Unity is passionately committed to helping individuals improve their life prospects by setting up their own business, finding employment or accessing training and education. The brand new facilities at Leeds Media Centre will play a huge role in enabling us to achieve these goals.”
Adrian Green, Unity Enterprise manager, said: “We are grateful to our key partners, Leeds City Council and the European Regional Development Fund, for working closely with us to get this innovative project across the line.
“Having been onsite almost every day since building work commenced, I feel greatly inspired by the potential that Leeds Media Centre now offers to aspiring entrepreneurs to develop themselves and their business ideas.
“I also want to thank our existing tenants who have been so supportive and patient over the past few months. Exciting times lie ahead.”
Cllr Jonathan Pryor, deputy leader and executive member for economy, culture and education at Leeds City Council, said: “It’s great to see the building phase complete on these fantastic new facilities at Leeds Media Centre.
“The centre will be an excellent resource for local, new and aspiring entrepreneurs in the city, and we are very much looking forward to seeing the building open for business.”
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Farmers to get more powers and security over dairy pricing
- Farmers have clearer pricing terms, with contracts setting out the factors which generate the milk price and allowing them to challenge prices if they feel this process isn’t being followed. This is a major advance in transparency, which ensures fairer pricing and addresses historical discrepancies in the dairy industry.
- Changes to contracts can’t be imposed on farmers without their agreement. This will encourage dialogue between the parties where changes do need to be made – improving trust within the supply chain.
- Farmers’ contracts will all include a straightforward way to raise concerns about their contracts, promoting accountability and timely issue resolution.
- There will be clear rules put in place on notice periods and contractual exclusivity, protecting the rights of both buyers and sellers. This will remove any ambiguity from contracts and protect the rights of both buyers and sellers.
- An enforcement mechanism is created to guarantee the regulations are followed, ensuring a fully fair and transparent dairy industry on a solid foundation to thrive in the future.
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Window supplier expands into new premises with help of £1.2m deal
South Yorkshire-based business New Design Windows, which supplies and installs windows and doors to the new build sector, has secured a £1.2 million finance package with NatWest and Lombard to drive further growth.
The investment has enabled the firm, which trades from the North East down to Birmingham, to buy a new 20,000-square-foot warehouse in Mexborough.
The acquisition will treble the firm’s production area, enabling the fast-growing business to expand and meet demand from housebuilders.
Managing Director Lynne Darwin founded New Design Windows in 2019 after working for more than 25 years in the industry. Along with her management team, Lynne has grown the business to turnover more than £6m in the last financial year and is now setting her sights on £10m turnover once the new production site is fully up and running.
Similarly, from starting out with five staff, Lynne has grown the firm to employ 45 local people, with an additional 12 roles to be recruited to as part of the next phase of expansion, which will also see trade sales offered for the first time.
Lynne, who decided to buy the new premises after her NatWest relationship manager Michael Bettinson highlighted its availability, attributes the company’s success to a commitment to giving good customer service.
Lynne said: “While it’s important to be competitive in terms of pricing, our success over the last few years is down to our focus on building relationships and giving all of our customers the very best service we can.
“Customer service is vital to us and we know that it’s valued by our customers too, as much of our growth is down to larger orders from repeat customers, which is a fantastic testament to the hard work and commitment of everyone in the team.
“Our growth has been absolutely phenomenal over the last few years and I’m so excited to be in our new premises with the help of NatWest and to begin direct selling to the trade for the first time too.”
To mark the deal NatWest staff from the bank’s North Regional Board visited the company to meet with Lynne, see the new site and learn about the growth of the business.
Michael Bettinson, senior relationship manager at NatWest, said: “It’s been fantastic to support Lynne and the team at New Design Windows with a flexible finance package that has allowed them to buy a new premises and will help them expand their production capacity and increase their turnover. Their growth to date has been fantastic and I look forward to seeing them thrive in the next phase of the journey.”
The finance package with Lombard will also enable the purchase of equipment that will allow automation of some elements of the manufacturing process, further adding to production capability. While the new premises will also be equipped with solar panels to reduce energy consumption and the firm’s carbon footprint.
Ben Tomlinson, relationship director at Lombard, said: “It’s great to continue to support a local business that we’ve supported from day one. To see the growth achieved to date is a testament to Lynne and her colleagues at New Design Windows. To hear the plans for the new premises and how our facility is going to assist in the future, is something we’re looking forward to being a part of.”
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UK’s largest-ever electricity ‘superhighway’ will connect Drax to Scots wind farms
The ‘Eastern Green Link 2’ (EGL2) project will see the creation of a 525kV, 2GW high-voltage direct current subsea transmission cable from Peterhead in Scotland to Drax in North Yorkshire.
The subsea HVDC cable system is approximately 436km in length with new converter stations at either end to connect it into the existing transmission network infrastructure. HVDC technology provides the most efficient and reliable means of transmitting large amounts of power over long distances subsea.
The EGL2 link will support the growth of new renewable electricity generation, creating jobs and delivering a pathway to net zero emissions targets, as well as helping to alleviate existing constraints on the electricity network.
Eastern Green Link 2 is part of the significant amount of new network infrastructure required for net zero and will play a critical role in supporting the UK’s future security of supply, reducing dependence and price exposure to volatile global wholesale gas markets.Carl Trowell, President of UK Strategic Infrastructure at National Grid said: “The government ambition of 50GW of offshore wind by 2030 demands unprecedented scale and complexity of action. It’s essential that we find new ways to work and unite as a sector to rise to this challenge and this joint venture with SSEN is a prime example.
“Eastern Green Link 2 is part of our Great Grid Upgrade, the largest overhaul of the grid in generations. This new infrastructure will connect more clean, renewable energy from where it’s generated to where it’s needed, helping contribute to lower energy bills over the long-term and make the UK’s energy more self-sufficient.”