Yorkshire firm becomes 2nd in UK to gain Bureau Veritas test facility approval
Santander accelerates digital shift with branch closures and job cuts
Santander is closing 95 UK branches as part of a broader shift toward digital banking, putting around 750 jobs at risk. The bank will also shorten operating hours at 36 locations and remove counters from 18 branches.
The decision follows a 63% rise in digital transactions since 2019, while in-branch usage has declined by 61%. After the closures, Santander will operate 349 branches, including 290 full-service locations and five work cafés.
The bank says 93% of the UK population will still be within 10 miles of a branch, though some closure dates remain unconfirmed.
South Yorkshire SMEs to gain access to £40m in new growth funds
The South Yorkshire Pensions Authority has launched two £20 million investment funds to support small and medium-sized enterprises (SMEs) in the region. The funds aim to address funding gaps and drive economic growth.
FW Capital will manage the South Yorkshire Debt Fund, offering loans of up to £2 million for businesses in Barnsley, Sheffield, Doncaster, and Rotherham. The funding can be used for working capital, equipment purchases, recruitment, marketing, and product development.
Foresight Group will oversee the South Yorkshire Growth Equity Fund, which will provide equity investments of up to £2 million. The fund will participate in larger funding rounds, co-investing up to £15 million alongside other Foresight funds.
Both funds are designed to help businesses scale, create high-quality jobs, and stimulate regional innovation.
Lincolnshire offers free business advice to struggling farmers
Lincolnshire County Council funds business advice sessions to support farmers facing financial and regulatory challenges. The initiative, part of the Lincolnshire Farm Support Programme, follows a £50,000 funding boost in December to help farming businesses plan for the future.
Farmers can access one-on-one advice or group workshops on business planning, cash flow management, diversification, and succession planning. Savills delivers the sessions, which are coordinated by the Business Lincolnshire Growth Hub.
The council cited concerns over rising costs from National Living Wage and National Insurance increases and the sudden closure of the government’s Sustainable Farming Initiative, which previously provided guaranteed income for environmental land management.
Lincoln council expansion plan to be debated amid local government shake-up
Lincoln City Council is set to discuss a proposal to expand its boundaries, merging with parts of West Lindsey and North Kesteven to form a new “Greater Lincoln” authority. The plan will be reviewed in emergency meetings this week ahead of the government’s deadline for local government reform proposals.
The proposed authority would incorporate Lincoln alongside several neighbouring wards, aligning with urban interests rather than the surrounding rural areas. The council argues this would preserve Lincoln’s historical self-governance while creating efficiencies.
The government is encouraging councils to consolidate into larger single-tier authorities, with a suggested population target of 500,000. Lincoln’s proposal, which includes three separate authorities for the region, would not meet this threshold but is projected to save between £4 million and £26 million annually, with an estimated one-off transition cost of £15 million.
The council will submit its initial proposal to the government this week, with final plans due in November.
Streets Chartered Accountants covers payroll and HR updates, company vehicle changes, payroll outsourcing, and more in new news roundup
Sheffield attracts independent businesses with low costs and strong talent pool
Sheffield is emerging as a key location for independent businesses, driven by low operating costs, a skilled workforce, and a supportive business environment.
Operating costs in Sheffield are significantly lower than in cities like London or Manchester. There is affordable commercial rent, lower local taxes, and competitive wage rates. This cost efficiency allows small businesses to reinvest in growth.
The city benefits from a strong talent pipeline. Graduates from the University of Sheffield and Sheffield Hallam University provide businesses with skilled professionals in technology, marketing, and business analysis. Sheffield’s growing tech sector is also drawing innovative talent.
Support networks like Business Sheffield provide funding, advice, and resources to help small enterprises succeed. The city’s high quality of life, with access to green spaces and cultural attractions, further strengthens its appeal as a business hub.
South Yorkshire to move to bus franchising by 2029
The South Yorkshire Mayoral Combined Authority (SYMCA) has confirmed plans to transition the region’s bus network to a franchised model, ending decades of deregulation. The decision follows a public consultation in which 87% of respondents supported the move.
Under the new system, SYMCA will control depots, fleets, fares, ticketing, and service standards across Barnsley, Doncaster, Rotherham, and Sheffield. The first phase of publicly controlled services will launch in September 2027, with full implementation by July 2029.
The franchising model will include large contracts for major operators and smaller contracts to encourage SME participation. SYMCA has allocated £350 million from the City Region Sustainable Transport Settlement (2027-32) for fleet renewal and depot acquisition, alongside £5 million in transitional funding for 2025/26.
This move follows the public takeover of South Yorkshire’s Supertram last year and aligns with the region’s plan for an integrated transport system. SYMCA acknowledges financial risks beyond 2042 when a second fleet renewal cycle may create annual deficits, which it plans to offset through earlier surpluses.
The transition will wind down the South Yorkshire Enhanced Partnership Scheme, impacting existing operators like First South Yorkshire, Stagecoach Yorkshire, and TM Travel as they adapt to the new contract-based model.
Katharine Hammond has been appointed Chief Executive of SYMCA, with a salary of £220,000 per year. A full report on the consultation and the authority’s response is available on SYMCA’s website.
Bradford affordable housing scheme reaches completion
Senior promotions at Lichfields’ Leeds office
Major indoor adventure park under construction in Leeds
Work has begun on a large-scale indoor trampoline and adventure park in Whinmoor, Leeds, with plans to open later this year. The 100,000 sq ft facility, developed by family attraction group Flip Out, is part of a multi-million-pound investment.
The park will feature a trampoline arena with 150 interconnected trampolines, an 18,000 sq ft inflatable obstacle course, a dodgeball arena, a roller disco, a drift bike track, and a multi-storey Ninja Playground. Additional attractions include super slides, soft play, dodgems, an arcade, and 10 party rooms. Corporate meeting spaces will also be available for business events and networking.
The project is expected to create over 60 jobs. Flip Out, which operates 35 adventure parks across the UK, continues to expand, with recent openings in Coventry and Watford. The Leeds venue aims to capitalise on the growing demand for immersive, activity-based social experiences.
New CEO appointed at South Yorkshire Mayoral Combined Authority
Eventum secures £3.8m to expand knee surgery device internationally
Leeds-based medtech firm Eventum Orthopaedics has raised £3.8 million to scale its QuadSense device, which provides surgeons with real-time data during knee replacement procedures.
The funding, secured through the Northern Powerhouse Investment Fund II (managed by Mercia Ventures for the British Business Bank), will support Eventum’s expansion into the UK, US, and New Zealand. After receiving regulatory approval, the device has already been used in 300 procedures.
Eventum claims QuadSense can improve surgical outcomes and reduce post-surgery treatment costs, reaching £6,000 per case. The Northern Powerhouse Investment Fund II, a £660 million initiative, supports northern England businesses with loans of up to £2 million and equity investments of up to £5 million.
Leeds’ economy set to outpace UK growth, but wider Yorkshire lags
According to EY’s latest Regional Economic Forecast, Leeds’ economy is expected to grow at an average annual rate of 1.7% between 2025 and 2028, slightly above the UK forecast of 1.6%. The city’s employment growth is also projected to surpass the national average, with a 0.8% annual increase. By 2028, Leeds’ economy is expected to be £2.5 billion larger than in 2024.
In contrast, Yorkshire and the Humber’s overall economic growth is forecast at 1.5% per year, trailing the national average. Employment growth in the region is also expected to be slower at 0.6% per year, compared to the UK’s 0.7%.
North Yorkshire is set to perform better, with projected economic and employment growth rates of 1.7% and 0.8% per year, respectively, driven by its expanding technology and construction sectors.
Across the region, manufacturing, wholesale and retail trade, and real estate are expected to be key economic contributors. However, rising energy and labour costs continue to pressure the manufacturing sector.
Sheffield, Wakefield, and the West Yorkshire Combined Authority are projected to be the region’s joint-second fastest-growing economies, each with a 1.5% annual growth rate. Barnsley and Doncaster are forecast at 1.4%, while York, Calderdale, Hull, Middlesbrough, and Bradford are expected to grow at 1.3%. Kirklees (1.2%) and Rotherham (1.1%) are forecast to have the slowest growth rates.
Yorkshire and the Humber business leaders are urged to focus on high-growth sectors, emerging technology, and the energy transition to attract investment and boost regional performance.
Lincolnshire councillors debate unitary authority restructure
Lincolnshire councillors are considering major local government reforms as they prepare to submit proposals on restructuring the county into unitary authorities. The government has requested interim proposals by 21 March, aiming for authorities with at least 500,000 residents while minimising service disruption.
Lincolnshire County Council has outlined two main options. One plan would merge North Lincolnshire and North East Lincolnshire into a single northern authority, with the rest of the county forming another council. The second option proposes combining North Lincolnshire, North East Lincolnshire, West Lindsey, and East Lindsey into one authority, while Lincoln, North Kesteven, South Kesteven, Boston, and South Holland would form another.
Cost projections differ between the options. The first would cost £27 million to implement, with expected savings of £250 million over 10 years. The second option carries a higher setup cost of £42 million but is projected to save £246 million over the same period.
Opposition councillors introduced a third option: splitting Lincolnshire into three unitary authorities to create a more balanced population distribution. Some councillors argue that this alternative could be more efficient and should be explored further.
The government makes the final decision, but the Lincolnshire County Council’s full meeting on 22 March will determine which proposals are formally submitted.
Final stages for Gainsborough regeneration projects
The Whitton Gardens and Baltic Mill regeneration projects in Gainsborough are nearing completion, with work expected to finish this spring.
At Whitton Gardens, the former riverside WC block is being converted into a café. Belton Construction teams are replacing the roof, installing internal walls, and beginning electrical work. The project is on track for completion in May, and West Lindsey District Council is working with property advisors Bruton Knowles to secure an independent operator for the café.
The Baltic Mill site is being redeveloped into a green public space by the riverside. Once construction is finished, the area will remain fenced off until May to allow newly planted greenery to take root.
Local council leaders have praised the progress, highlighting the projects’ role in enhancing community spaces and supporting local businesses.
Network Space secures approval for 30-acre commercial site near Wakefield
Network Space Developments (NSD) has obtained detailed planning permission for a 30-acre warehousing and distribution scheme on Newmarket Lane, Wakefield, near Junction 30 of the M62.
The 152,000 sq. ft. development will include 12 flexible storage and office units, a new access road, car parking, service yards, landscaping, and supporting infrastructure. The site is positioned within an established industrial and logistics hub with major operators such as Amazon, Newcold, and Phoenix Healthcare.
The broader Newmarket Lane commercial area spans approximately 200 acres, with potential for up to 1 million sq. ft of development. Currently employing around 1,500 people, the area is expected to generate 1,500 jobs upon full build-out. Planning consultancy Spawforths advised NSD on the scheme.
Bradford Council receives £127m government bailout to stabilise finances
Bradford Council has been granted £127 million in emergency financial support from the UK government to address its ongoing budget crisis. It is one of 30 local authorities receiving “exceptional” assistance from the Ministry of Housing, Communities and Local Government (MHCLG).
The council has faced severe financial strain for two years and narrowly avoided bankruptcy last March following an emergency government intervention. The council is prohibited from selling community and heritage assets as part of the funding agreement.
In November, the council approved £40 million in budget cuts, impacting services such as street cleaning and library operations. Three recycling centres were permanently closed last April to reduce costs. A council tax increase of nearly 15% was finalised last month.
Despite the bailout, the council must save an additional £40 million next year and £50 million annually for the following four years. The government stated that the funding is for councils in “immediate need” and will be accompanied by oversight to ensure financial stability.
Financial planning solutions provider acquires Huddersfield firm
Benchmark Capital, a provider of financial planning solutions and part of the Schroders Group, is to acquire Robertson Baxter.
Robertson Baxter is a directly authorised firm of four advisers with £200 million of client assets, based near Huddersfield.
Benchmark has supported Robertson Baxter with platform and investment solutions for several years.
Ed Dymott, CEO, Benchmark, said: “Over the past 17 years Greg Robertson and Stephen Baxter have built a successful practice and Benchmark has supported their growth by providing technology, platform and investment solutions.
“We’re delighted that they recognise Benchmark’s strong proposition, client focus, and capital strength as being the right long-term home for their staff and clients.
“Benchmark continues to demonstrate strong growth, having increased our number of advisers last year.
“The acquisition of Robertson Baxter represents a continuation of our strategy to support financial planning businesses at every stage of their journey from starting up, running efficiently, growing successfully and succession planning for business owners. The acquisition underscores the strength of our differentiated proposition.
“Robertson Baxter will, over the next two years, integrate fully into Benchmark, moving under Benchmark’s regulatory authorisation. We continue to see very strong interest in directly authorised firms looking to networks to help streamline their business and better navigate the regulatory landscape.
“Our Schroders UK Financial Adviser Survey shows that regulation continues to be a primary concern with the number of advisers ranking it their number one concern rising from 49% in 2023 to 57% in 2024. With close to 200 firms already in our networks we expect to see this shift continue.”
Greg Robertson, CEO, Robertson Baxter, said: “Having worked with Benchmark for several years we knew they were the right partner to support our business growth and secure a long-term home for our staff and our clients, as well as a smooth exit strategy for me and Stephen.
“We’ve already benefitted from Benchmark’s on-going investment into developing their proprietary technology and we’re pleased to be joining their network too; to leverage their broader practice management support to help us service more clients, more efficiently than ever before.”