On the fly: Couple grow worldwide angling business from premises in Selby
Mayor Tracy Brabin joins local business leaders to support Yorkshire’s ethnic minority business
Leeds estate agent pens open letter to Michael Gove urging government to help PRS tenants
- Removing the 3% additional homes stamp duty and instead charge landlords selling additional homes the 3% stamp duty levy, to incentivise landlords to purchase new buy to let (BTL) properties.
- Incentivising the transfer of BTL property into limited company ownership by removing the 3% stamp duty levy for a 12-month period. This would enable landlords to pay tax on profit rather than revenue and would help to professionalise the industry further.
- Providing more certainty over upcoming rental reforms and streamlining and simplifying the Section 8 eviction process. This would enable landlords to evict bad tenants and ease their concerns about the removal of Section 21s.
New council aims to burst on the scene with business advice for its 32,000 SMEs
Humber Freeport given the go-ahead
In an answer to a question from Cleethorpes MP Martin Vickers, Rt Hon John Glen MP said ‘ The Humber Freeport is already open for business, supporting the regeneration of the region by creating jobs and attracting new business investment. I am pleased to confirm the full business case for the Humber Freeport has now been conditionally approved by the Treasury, with full approval being subject to the customs site being designated and the Freeport signing an MOU with the Department for Levelling Up’.
This announcement paves the way for the full set up of the Freeport Company and for the new body to focus on the delivery of the new jobs and investment planned for the area.
Commenting on today’s news, Humber Freeport Chairman Simon Bird said ‘This is excellent news and means that the most important milestone on the journey to delivering new jobs and investment to the Humber has been passed. This has been a two and a half year project to get to this stage, involving a partnership of local authorities, business groups and universities. We have very exciting times ahead for the Humber area, with a plan to bring at least 7,000 new high-quality jobs and investment for years to come.’
David Gwynne, interim Chief Executive of the Humber Freeport added ‘Following today’s announcement, we will conclude the establishment of the new freeport company and look forward to the hard work to turn the business case vision into reality.’
Rob Walsh, Chief Executive of North East Lincolnshire Council said ‘Today’s excellent news is the culmination of over two years of work involving a large partnership from across the Humber. I am delighted that North East Lincolnshire Council, as the accountable body for the Freeport, will now get to play our role in helping to make the new company as efficient and accountable as possible so that it can focus on delivering new jobs and transforming the area.’
Ofwat given powers to turn off tap on excessive cash payouts for water companies
- Take account of environmental performance and customer delivery when deciding whether to pay dividends.
- Hold a strong credit rating and stop them paying dividends if their financial health is at risk.
“These new powers, made possible through our Environment Act, will enable Ofwat to clamp down on excessive cash pay-outs and make sure companies put customers first. This will apply when a company is not meeting expectations on performance or is facing questions over its financial resilience – and ultimately means we go further in holding water companies to account.”
The government has taken further action in recent years to hold water companies to account for pollution, including:- Hugely increasing monitoring of discharges, from approximately 10% of storm overflows monitored in 2015 to 100% by the end of this year. While storm overflows have existed for over a century, the government was the first to require water companies to comprehensively monitor so that the issue can be tackled.
- Making it easier and quicker for regulators to enforce civil penalties for companies that breach their licence conditions, with a consultation set to launch in the spring. Funding from all penalties and fines will also now be invested in schemes that benefit the natural environment.
- Securing record fines for water companies that break the law. Since 2015, the Environment Agency has secured fines of over £142m through criminal proceedings.
- Publishing the Storm Overflows Discharge Reduction Plan, which will require water companies to deliver the largest infrastructure programme in water company history – £56 billion capital investment over 25 years. Water companies are already investing £3.1 billion in storm overflow improvements between 2020 and 2025. This includes £1.9 billion investment into the Thames Tideway Tunnel super sewer, with the rest used to undertake over 800 investigations and over 800 improvement schemes to storm overflows.
- Demanding a clear assessment and action plan on every storm overflow from every water and sewerage company in England, prioritising those that are spilling more than a certain number of times a year, and those spilling into bathing waters and high priority nature sites.
Yorkshire-based Filstorage appoints daredevil as new SE regional account manager
Comms agency expands team with over 10 new recruits
Number of women owning business is on the rise, according to new data
Charities unite to make a difference for cancer support in York
Smokehouse conservation work is almost compete in Grimsby
Skegness gets £5m cash injection to revitalise pier and theatre
East Lindsey District Council has been awarded £5million from Arts Council England’s Cultural Development Fund to support partners in transforming the Embassy Theatre and regenerating Skegness Pier and the surrounding area.
Law firm Gordons hires senior solicitor as dispute resolution service gears up for further growth
Yorkshire & Humber manufacturers bounce back as clouds lighten
Jobs growth under spotlight as work on updated Local Plan continues
Cash injection of £7m could create 1,200 new jobs in low carbon aircraft manufacture
North Lincolnshire firms to get levelling up cash to create jobs and help the environment
Almost 30 North Lincolnshire businesses across manufacturing, agriculture, retail and hospitality are set to get £141,000 to kickstart a range of projects to create jobs, grow the economy and help the environment.
Money for sustainability projects and digitalisation and marketing schemes will be used to install EV chargers, transition lighting to low-energy LED bulbs and for solar panel installation.
Council leader Rob Waltham said: “This is levelling up in action, enabling North Lincolnshire businesses to embrace sustainability and future-proof their operations. Every £1 of grant funding is being matched with £6 of cash from the businesses – this will help grow the local economy, creating more jobs for residents of North Lincolnshire.
“This latest cash injection comes hard on the heels of £200,000 given to local organisations and charities. It is another fantastic opportunity to directly shape a new, exciting future for North Lincolnshire.”
Twenty-eight businesses will receive a total of £141,154 of funding, which will back projects totalling £723,149, creating dozens of new jobs and safeguarding hundreds more.
It will also cut greenhouse gas emissions and support the council’s ambitious A Green Future strategy, dedicated to protecting and enhancing the environment while growing the economy.
The cash is part of the Government’s UK Shared Prosperity Fund, designed to increase community pride by supporting businesses and helping people achieve better outcomes, access opportunities and lead better lives.
The UKSPF is part of the suite of funds available through the Government’s £2.6bn Levelling Up agenda. It empowers each place to identify and build on their own strengths and needs at a local level.
South Yorkshire supports Rolls-Royce as it researches nuclear power for the Moon
“Partnerships like this, between British industry, the UK Space Agency and government are helping to create jobs across our £16 billion SpaceTech sector and help ensure the UK continues to be a major force in frontier science.”
Nuclear space power is anticipated to create new skilled jobs across the UK to support the burgeoning UK space economy. Rolls-Royce plan to have a reactor ready to send to the Moon by 2029. Relatively small and lightweight compared to other power systems, a nuclear micro-reactor could enable continuous power regardless of location, available sunlight, and other environmental conditions. Rolls-Royce will be working alongside a variety of collaborators including the University of Oxford, University of Bangor, University of Brighton, University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) and Nuclear AMRC. The funding means Rolls-Royce can further strengthen its knowledge of these complex systems, with a focus on three key features of the Micro-Reactor; the fuel used to generate heat, the method of heat transfer and technology to convert that heat into electricity. The potential applications of Rolls-Royce Micro-Reactor technology are wide-ranging and could support commercial and defence use cases in addition to those in space. The aim is to create a world-leading power and propulsion capability for multiple markets and operator needs, alongside a clean, green and long-term power source.