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Small firms resist move to cashless society, research discovers
Two in five small firms don’t want to see a move towards a cashless society, according to new research from iwoca, one of Europe’s largest small business lenders,.
The analysis finds that around half (46%) of small firms use cash each month, while a third use it every week.
While three in ten small businesses have reduced their use of cash since the start of the pandemic, the majority are using it to the same extent, with some even seeing greater demand from customers. Over half of SMEs say their use of notes and coins has remained stable despite the increase of contactless and online payments being rolled out during the pandemic, with more than one in ten companies seeing an increase.
SMEs still use cash for a variety of reasons, with flexibility for customers coming out on top. Nearly six in ten businesses back cash to promote consumer choice (57%), while a quarter are concerned that card payment costs remain too high (24%).While the use of cash has declined among many small businesses, iwoca says SMEs are evenly split on whether cash should be phased out in future. Two-fifths say that they want to keep using coins and notes with their customers, while the same proportion wants to stop using them entirely.
Colin Goldstein, Commercial Director at iwoca, said: “For hundreds of thousands of small businesses, access to physical money is still essential for the day-to-day running of their company. Yes – the pandemic has moved more businesses towards contactless payments, but the real story here is the strong resilience of cash. From coffee shops to hair salons, restaurants to construction sites, it seems that SMEs want to continue using coins and notes long into the future.”
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Racing driver fuels Yorkshire motorsport business with significant investment
Prior to launching Hype, Hyland previously ran Pole Position Indoor Karting in Leeds before joining forces with Jarvis to launch want2race, which became the UK’s biggest novice racing driver competition. In 2019, want2race was acquired by Ginetta and Hyland spent the next two and a half years continuing to develop want2race under the sports car brand’s umbrella, which is where he met Rupert, who was Ginetta’s 2021 G40 Cup Am Champion, before he made the switch to Porsche.
Laslett, who lives near Canterbury, previously ran a California-based management consulting business, specialising in the oil, gas, chemicals, technology and pharmaceutical sectors, before selling the company in 2014.
He returned to the UK in 2019 and started racing in Ginetta’s competitions, renewing a love for the sport that he’d last been involved in 25 years ago. He has just completed his rookie season in the Porsche Visit Cayman Islands Sprint Challenge, finishing in an impressive second place, in a race car that now displays Hype’s distinctive branding.
Laslett explained: “I met Ben through Ginetta and have always been impressed with his racing knowledge and ability to organise and host superb motorsport events. When he launched Hype with Mike, I immediately knew it would be successful.
“Partnering with ClimatePositive and making Hype’s events climate positive by at least 25 per cent, was a very shrewd move. It also mirrors what’s happening at the very forefront of motorsport, with F1 aiming to become net-zero by 2030 and developing a 100% sustainable fuel that will soon be used in its cars.
“In addition, Hype’s BMW M2 Competition, Porsche Cayman GTS and Alpine A110 all offer a superb motorsport pedigree and are perfect for drivers of all abilities, when combined with the professional guidance of Hype’s instructors. Six months after launching, Hype has already hosted countless events for hundreds of drivers at circuits including Silverstone, Brands Hatch, Donington Park and Spa in Belgium, and I’m really looking forward to helping the team build on this impressive start.”
Ben Hyland said: “Rupert is passionate about motorsport, has enjoyed a successful business career and is a superb racing driver, which all made him a perfect fit for Hype and we’re very pleased to welcome him to the team.
“With Rupert on board, we’re also looking forward to offering tailored corporate partnerships as the Porsche Visit Cayman Islands Sprint Challenge races exclusively alongside the British Touring Car Championship from next year. This will mean millions of viewers on ITV, as well as tens of thousands of spectators at each event, and we can now offer brands exposure on the car and hospitality at race events, in addition to corporate track day event options, which is another exciting prospect.”
The ClimatePostive label assesses that each event Hype Motorsport hosts will emit approximately 1.66 tonnes of CO2. This includes Hype’s team travel, accommodation and electricity, as well as guest’s racing, travel and accommodation. These emissions are offset and another 25% of is also added to give back more to the environment than is emitted. Plus, everyone attending Hype’s events will benefit from offsetting the carbon from their road car for 12 months.
Henry Boot Construction donation brings Christmas cheer to care leavers
South Yorkshire construction firm, Henry Boot Construction, has donated £1,000 to help care leavers in Barnsley celebrate this Christmas.
The donation was made to dedicated volunteers who help organise The Christmas Dinner – an annual project now in its fifth year in Barnsley.
The Christmas Dinner is a national idea founded in 2013 by the poet Lemn Sissay MBE and now runs across the UK. It is not a charity, or a social enterprise, and each dinner event is an independent project.
The Barnsley Dinner is organised by a local steering group of volunteers, who come together to ensure no care leaver aged 18 to 25 is left alone on Christmas Day. The volunteers arrange a venue, presents, a chef, food, transport, volunteers and often so much more.
After restrictions caused by the pandemic in the past two years, volunteers are looking forward to delivering a face-to-face event in Barnsley and creating memories that will last a lifetime.
Beth Goodliffe, chair and lead for The Christmas Dinner Project Barnsley, said: “Our team is determined that no young person in Barnsley – unless out of choice – will ever spend Christmas alone. Being without family is hard enough but to be a young person alone on Christmas day is something that no one should have to experience. Our project strives to ensure this doesn’t happen and that young people experience an amazing Christmas day.”
Tony Shaw of Henry Boot Construction added: “This is an incredible grassroots community project. The volunteers make an enormous difference to the lives of young care leavers, and it is an absolute privilege to be able to support them.”
The Christmas Dinner Project Barnsley is also seeking additional volunteers to help at its present ‘Wrapathon’ on 17, 18 and 19 December. If you’d like to get involved and help young people have a fantastic Christmas then email tcdbarnsley@gmail.com for more information.
Volunteers have also set up a crowd-funding page to raise funds for the event. Visit www.crowdfunder.co.uk/p/the-christmas-dinner-barnsley to donate.
Henry Boot Construction has been involved in Barnsley’s Christmas Dinner project since 2018 – with the company leading on the transformational Glass Works development in Barnsley town centre at the time.
Last month, the firm also raised £1,500 by taking part in the tenth annual Sleep Out for Roundabout in Sheffield. Going back to basics in Meadowhall Car Park, the team braved the cold to raise vital funds for the youth homelessness charity.
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Arco donation helps build next generation of cyber security experts
Hull-based safety company Arco is donating IT equipment and sharing the expertise of its colleagues as part of a new employer-led project to mentor students at Ron Dearing UTC and offer them ‘hands on’ learning in cyber security.
Following an upgrade of systems across its network of safety stores, Arco will be donating several of its firewall units and a number of network switches to allow the students to learn using real-world technology. Arco colleagues Josh Thorpe, Cyber Security Analyst, and James Swinburne, Apprentice Cyber Security Analyst, both former pupils of Ron Dearing UTC, will be delivering presentations as well as mentoring students as part of the project. Richard Martin, Arco Non-Exec Director and Chair of Governors at Ron Dearing UTC, said: “As one of the college’s employer partners, Arco is proud to be working with Ron Dearing on this exciting project, which will be the first of many of its type, to inspire the next generation of cyber security experts. “At Arco, we specialise in health and safety and many lessons carry over well to cyber security, such as the need for appropriate protection, training and compliance. “By providing a hands-on learning experience, we aim to nurture the students understanding of cyber security and develop the skills required to help promote cyber security as a potential career.” Mike Hudson, Cyber Security Manager at Arco, said: “Arco has an excellent relationship with the students and staff at Ron Dearing UTC and this project will strengthen that partnership even further. “It is exciting that we can involve Josh and James, as former students of Ron Dearing, in this project and help demonstrate clearly how their education at Ron Dearing has supported them in starting and developing their careers at Arco.” Glenn Jensen, Senior Assistant Principal – Employer Engagement at Ron Dearing UTC, said: “This is an amazing project led by our very own alumni at Arco. “The project will enable our computer science students to apply their skills to a real-world cyber security scenario with the guidance of industry professionals. This is another excellent example of world class employer-led learning.”Wakefield Council decides not to purchase shopping centre due to ongoing challenging financial environment
Kirklees Council seeks approval to move forward with Station to Stadium Enterprise Corridor
- Innovative and high-value employment – supporting the local economy by attracting new innovative businesses whilst increasing productivity
- Connected and integrated – build on and develop opportunities for residents, workers, students, and visitors to use active travel routes
- Raised aspirations, skills, and education – create a mix of inclusive spaces for Kirklees and beyond to support people into employment, strengthen entrepreneurship, increase skill levels and raise aspirations
- Attractive and vibrant environment – revitalise the area and the routes between Huddersfield Rail Station and the John Smiths Stadium by enhancing the local natural and historical environment whilst re-connecting with key assets of the distinctive landscape setting
- Sustainable and clean growth – create a network of green corridors to connect to other areas of the town, encourage biodiversity net gain, support mental well-being, and maximise natural assets