South Yorkshire wins £12m bid to establish an Institute of Technology

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A collaboration of educators and employers from South Yorkshire have successfully secured over £12m to establish a new South Yorkshire Institute of Technology (IoT). The Department for Education (DfE) made the announcement as part of the second wave of IoT bids to have funding confirmed by the government. New employer-led IoTs offer higher level technical education to help close skills gaps in key STEM areas. They are part of the government’s plans to reform technical training to help employers get the skilled workforce they need and offer local people rewarding jobs. The South Yorkshire IoT joins Further Education institutions, Higher Education institutions and local employers together to provide pathways from STEM based T-Levels to Higher Technical Qualifications, apprenticeships, and degrees. The IoT will also offer flexible courses for adults looking to reskill or upskill. The collaboration includes DN Colleges Group, Sheffield Hallam University, Barnsley College, and the University of Sheffield AMRC Training Centre as core education partners. RNN Group, the Sheffield College and the National Centre for Advanced Transport & Infrastructure (NCATI) are also associate partners. In addition, the core employer partners include AESSEAL PLC, Engie UK, HLM Architects and WANdisco. They will have a place on the Board of the IoT and one of them will be chair. The South Yorkshire IoT will work closely with employers to provide specialist provision for over 1,500 learners, aiming to meet the demand for construction, digital, engineering/manufacturing, and healthcare science higher level technical skills within the region. The IoT will target key sectors and occupations, making a substantial contribution to increasing the region’s productivity and ability to attract and retain employers with higher-level technical skilled roles. Mick Lochran, CEO of DN Colleges Group, which has led on the formation of the IoT, said: “I am so proud that South Yorkshire has been awarded an IoT as it has the potential to change the whole dynamic of our region. The working partnerships, between employers and education providers, has been amazing and provides a sound foundation to deliver a successful IoT.” Provision will be designed to be accessible to people across the region and target underrepresented groups. Investment will see IoT sites established across the region, including:
  • DN Colleges Group will be delivering provision from within the existing Doncaster College site;
  • Barnsley College will reconfigure and refurbish its existing Church Street building to create a dedicated IoT centre in the centre of Barnsley;
  • Sheffield Hallam University will create a dedicated IoT space within the existing campus in Sheffield City Centre;
  • The University of Sheffield’s AMRC Training Centre is planning to refurbish and upgrade a dedicated space at its Rotherham site with industry standard digital engineering laboratories.
Education secretary Nadhim Zahawi said the new IoTs will “boost access to more high-quality and flexible education and training – giving people the chance to learn at a pace that is right for them, while ensuring we have the skilled workforce needed to boost our economy.” The South Yorkshire IoT is supported by the South Yorkshire Mayoral Combined Authority, all regional local authorities and local Chambers of Commerce. Professor Sir Chris Husbands, Vice-Chancellor of Sheffield Hallam University, said: “This is fabulous news. It shows what collaboration between universities and further education providers can do for the region “This is a step-change investment in technical education and Sheffield Hallam is delighted to have played our part in securing it. The IoT will drive economic success, build talent and create opportunities. “We are looking forward to using our expertise in work-based applied learning to make the South Yorkshire Institute of Technology an outstanding success.”

2022 Business Predictions: Konrad Czajka, Managing Director of Czajka Care Group

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It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Konrad Czajka, Managing Director of Czajka Care Group. Brexit has done the care sector no favours whatsoever. Next year we will continue to have huge challenges around recruitment, retention, compliance and operational issues, including the complications surrounding compulsory vaccinations for staff. In 2022, there will be massive inflationary pressures, especially on pay rates, utilities and insurance. There are 1.4 million older people with unmet needs. 43% of people over 85 years of age require some form of support, but only 20% of those people are receiving it. The government now realises that if they want a functioning, effective NHS, they will need a strong and sustainable social care sector. A well-funded and good quality social care sector is fundamental to a healthy nation and well performing NHS. The social care sector will continue to care for the most vulnerable members of our society, and it is worth remembering that our complex levels of support, will protect the NHS from being overwhelmed. We will continue to care for people at the end of their life, dispense medication prescribed by clinicians, support individuals with mental health issues and those with complex dementia or physical disabilities. The social care sector will care for more people than the NHS and employ more staff than the NHS and social services put together – 1.75 million to be precise! Our investment returns over £4.3 billion into the economy and in many local areas social care is the biggest employer and drives economic activity. The fear and anxiety caused by the pandemic has been immeasurable and the scars of the past two years have been the most painful in our professional careers. In 2022 we will engage with the Commissioners and the Care Quality Commission to ensure that the older, infirm and disabled people living amongst us receive the quality care they deserve. Despite the enormous challenges we have faced over the last few years, I am still optimistic about what the future holds for the social care sector. Next year the Care Associations will continue to work together through the Care Association Alliance to ensure a strong and influential representation at national level. Together we will, and we are, making a difference!

Logistics REIT to forward fund Sheffield development

Urban Logistics, the specialist UK logistics REIT which recently completed a £250 million equity raise and moved to the Main Market in December, has acquired four assets, using proceeds raised, for a total consideration of £28.6 million. The value accretive assets include three immediately income-producing properties and the forward funding of a development project in Sheffield.

The company has entered into an agreement to forward fund a new logistics unit at Newhall Road. The agreement is subject to planning, and the development is expected to complete in November 2022, and will comprise a warehouse of 131,500 sq ft.

The building is designed to have excellent environmental credentials, with a BREAM Excellent rating, an EPC of A, and electric vehicle charging points. The project is targeting a 6.0% NIY on cost.

The other assets acquired include a 22,783 sq ft warehouse at Caswell Road, Northampton, let to Tuffnells Parcel Express, a 27,115 sq ft distribution depot at Elland Road, Leicester, let to the Royal Mail Group, and a warehouse facility of 117,031 sq ft near the airport in Dundee, occupied by Hermes Parcelnet. Richard Moffitt, Chief Executive, said: “We’re pleased to confirm our continued deployment of capital following the close of our recent oversubscribed equity raise. This is testament to our team’s ability to act swiftly and reliably on deal execution. “As previously stated, we have an excellent pipeline of “last mile / last touch” logistics assets to acquire and the team will be working hard over the coming months, investing in those quality assets that will be accretive to shareholder value, with further acquisitions expected before the end of the year. “Our strategy of acquiring mid-box last mile logistics assets, in key locations, with excellent transport links has not altered since inception in 2016. We acquire properties which are key to our tenants’ operations, and we continue to create additional performance through active asset management and improved environmental performance.”

New year boost for Skegness economy

Construction will be starting in January 2022 on new commercial premises to rent in Skegness.

Local company Manorcrest Construction have purchased land at Skegness Business Park from Lincolnshire County Council following the development of the site. They will now develop 557 square metres of commercial floorspace which will subsequently be available to rent. The £2.4 million revamp and expansion work has seen a key link road completed between Hassall Road and Holly Road, and infrastructure put in place for new and existing businesses to locate at the site. Cllr Colin Davie, executive councillor for economy and place at the county council, said: “Skegness business park is a major employment site on the Lincolnshire coast, and the expansion will help secure year-round jobs for the area. It offers attractive growth opportunities for successful local businesses and inward investors alike. “I’m delighted that as a local company, Manorcrest have been able to take this forward and develop high quality units on the site to support our aspirations for economic growth.” Leigh Hall & Dean Wann, Directors at Manorcrest, added: “As long-established and respected developers in Skegness and throughout Lincolnshire, we remain passionate about our local area. We pride ourselves on working on developments that really make life better for residents and businesses by listening and building exactly what they need. “Providing opportunities for local people and business drives Manorcrest and we hope, encourages growth for Skegness.  We’re really keen that the units on this site will help existing businesses, attract new business to re-locate here and provide local jobs for local people, which in turn will support the local economy.  Great news for Skegness and rewarding for Manorcrest.” The expansion has been funded jointly by the county council and a Single Local Growth Fund Grant from the Greater Lincolnshire LEP. Pat Doody, Chair of the Greater Lincolnshire LEP, said: This scheme provides much needed employment space in the Skegness area, creating new opportunities and supporting key sectors. “We are delighted to have been able to contribute £1.27m of grant funding to enable development of the site.” Skegness Business Park is already home to a variety of well-known national trade counter and industrial businesses, all of whom benefit from quick access to the A52 and Skegness town centre.

New project funding will support more local people into employment

Hull City Council and EN:Able Futures Community Interest Company (CIC) have been awarded almost £200k to deliver a project to invest in skills and support local people into employment. The Pathways into Construction project will engage people more distant from the employment market and take them through a high-quality programme so they can pursue entry-level job opportunities in the construction and built environment sector. The project will be based at the unique purpose-built Humber Construction Hub on Wawne Road in Hull. The hub was made possible by support from Hull City Council regarding the land. EN:Able Futures CIC will host, lead and manage the action-packed 10-day Pathways Into Construction programme at the Humber Construction Hub’s site-based learning environment. The new programme will include a dedicated Development Coach providing key worker support to learners. The comprehensive package of training includes site visits, manual handling, health and safety, First Aid and Construction Skills Certification Scheme (CSCS) cards. Learners will also receive additional advice and guidance to support them into work, to help them gain and sustain employment and long-term careers in the industry. The funding comes from the UK Community Renewal Fund (UKCRF), first launched in March this year. It’s a UK Government programme which aims to support people and communities most in need across the UK to pilot programmes and new approaches. It invests in skills, community and place, local business, and supporting people into employment. The fund is a key initiative in the government’s levelling up agenda, which aims to support people and communities most in need throughout the UK. The Pathways into Construction project is aimed at those living in Hull and the surrounding area, in particular those aged 18 and over and unemployed for 18 months or longer or economically inactive; those not in education, employment or training aged 18 – 24 years and those unemployed aged 30 – 49. Councillor Aneesa Akbar, who chaired the review panel, said: “The council is committed to reducing unemployment and opening up more opportunities to those who are unemployed. “I’m delighted that the Pathways into Construction project has been awarded this funding. It means more local people can learn the skills they need for a career in the construction sector, an area which offers job security and is so critically important to our economy.” Director of Operations at EN:Able Futures CIC Julie Deeley said: “The EN:Able Futures team is delighted to receive this funding. It will help us build on what we’ve already achieved delivering training for local people at the Humber Construction Hub to enable them to become employment and site ready and build a better future for themselves.” Potential learners will be invited to sign up in January. To find out more about the UKCRF, visit the website here.

Three more leading businesses partner with Ron Dearing UTC to open up exciting opportunities for students

Three more leading businesses have teamed up with Hull’s employer-led school to open up further exciting opportunities for students and help shape their potential future employees. Graphics and signage experts Designs Signage Solutions and specialist pipework fabricators and steelwork erectors CDS Energy Services have become Major Partners of Ron Dearing University Technical College (UTC), while overhead line, underground cable and substation system leaders LSTC Group has become a Partner. Working alongside the school’s Founding Partners, the Ofsted “Outstanding”-rated school’s Major Partners and Partners develop and deliver employer-led projects, provide work experience placements and lead the careers information, advice and guidance programme. Major Partners also play a key role in the development of the UTC’s unique, employer-engaged curriculum, while both Partners and Major Partners contribute financially to the school and recruit many students as apprentices within their businesses. Established almost 30 years ago, Hull-based Designs Signage Solutions has grown to a 41-strong team operating from 48,000sq ft premises, offering bespoke briefs, designs and installation signage solutions to retail, corporate, sports stadia, vehicle livery and building sectors across the UK. Drawing Manager Chris Murphy said becoming a Ron Dearing UTC Major Partner will help to establish a new pipeline of talent in the industry. The company has already employed one former Ron Dearing UTC student, Ben Moodie, as a trainee in the Graphics Production department. Chris said: “We want to engage with young talent and this partnership gives us a platform to work with the students, identify rising stars before they leave school and show them our industry and what we’re about. “Ron Dearing UTC acclimatises its students to a full working week, rather than a normal school day, to help them get ready for work. By working together and playing a part in the curriculum, we’ll be able to help to shape what we want to see in our future employees.” CDS, which has its head office at Burma Drive in east Hull, works in the oil, gas, petrochemical and nuclear industries. The business has 30 staff and dozens of additional subcontractors, with clients including Tricoya, Vivergo Fuels, px Group, Mitsubishi and more. Managing Director Danny Laybourne said the business plans to take on Ron Dearing UTC students as apprentices in the future, potentially including in Planning and Quality Assurance (QA) roles. He said: “There’s a lack of young people coming through in this industry and we can see that shortage of quality continuing, which is why we wanted to get involved in Ron Dearing UTC. “With Ron Dearing students, we won’t have to start from scratch because they will have completed courses which stand them in good stead to progress within the industry.” New Partner LSTC Group provides engineering solutions to the electricity sector, specialising in the design and survey of overhead lines, underground cables and substation systems in the UK and internationally. Alongside it’s Driffield head office, the company also has offices in Belfast, Derby, London and South Wales. Finance Director Richard Shipley said the company is keen to increase its 85‐strong workforce to 100 within the next two years, including more women in engineering, and plans to offer opportunities for work experience, apprenticeships and paid employment to Ron Dearing UTC students. He said: “I believe that in order to fulfil all of the ambitious plans to achieve carbon net zero and clean energy, it will require a lot of work on infrastructure across the country and globally. There are not enough engineers in the world to do that work and the only solution is to bring more people into engineering. “We want to be part of encouraging people to come into this industry and Ron Dearing UTC is doing a great job of facilitating that.” Every one of Ron Dearing UTC’s Year 13 students have gone on to exciting apprenticeships, university, employment, further education or the Armed Forces for three consecutive years. Glenn Jensen, Senior Assistant Principal and Head of Engineering at Ron Dearing UTC, said: “We’re absolutely delighted to welcome Designs Signage Solutions and CDS Energy Services as Major Partners and LSTC Group as a Partner. “Their decades of combined experience will be invaluable to our students and open up further career opportunities in these growing industries.” Opened in 2017, Ron Dearing UTC caters for students aged between 14 and 19, offering a unique model of employer-led education with a specialist focus on digital technology, creative digital and digital engineering. The school’s Founding Partners are the University of Hull and leading local employers KCOM, Reckitt, Siemens Gamesa, Smith+Nephew and Spencer Group. It is also supported by Hull City Council and many other industry partners, including Arco, C4DI, Fujitsu, Green Port Hull, Ideal Boilers, INEOS Acetyls, Kohler Mira, Luxinar, NEC Software Solutions, Ørsted, Sauce, Sewell Group and Sonoco Trident.

Plans for 85 zero-carbon homes submitted for York

Planning permission is being sought to build a further 85 zero-carbon homes in York, able to generate energy from renewable sources to power each resident’s property. This is the latest step in City of York Council’s development of 600 homes by its Housing Delivery Programme where at least 40% of these homes are affordable, being a mix of social rent and shared ownership. This planning submission follows three co-production sessions between residents, local stakeholders, and architects Mikhail Riches to design a zero-carbon housing programme for the council-owned site encompassing Ordnance Lane and Hospital Fields Road. Some innovative house types are proposed which allow different generations of a family to live under one roof, providing independence but with support nearby when needed. The development will also encourage older and younger households to live, work and socialise together, sharing access to meeting, eating and library spaces as well as the outdoor areas. The houses and apartments are designed to support home working and accessibility for all. Each home will have private outdoor space. Two new public green spaces are planned including spaces for community growing, reflecting the history of the site. The plans also include indoor community, retail and work spaces, along car free routes that connect to the wider neighbourhood. Cllr Denise Craghill, Executive Member for Housing and Safer Neighbourhoods at City of York Council, said: “I’m very pleased to see this ground-breaking development going forward to planning. High levels of participation by local residents in the design process have helped to produce an innovative application that offers inter-generational living alongside low-carbon lifestyles and energy-efficient homes with low energy bills. “With new residents already enjoying the superb homes and community at Lowfield Green, and with construction tenders out to build 110 Passivhaus homes at Burnholme and Duncombe Barracks, I’m delighted to see this next step of our Housing Delivery Programme being taken at Ordnance Lane.”

2022 Business Predictions: Peter Garrett, Managing Director of Keyland Developments

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It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Peter Garrett, Managing Director of Keyland Developments, the property trading arm of Kelda Group and sister-company to Yorkshire Water.

Setting global pandemic issues aside, I think I can confidently predict that the continuing scarcity of well-located residential and industrial development land means that we are going to continue to see increasing prices for both.

In fact, I think this could well be my prediction for every year going forward until the country faces up to and addresses land supply issues, which would involve having a grown-up conversation about development in the greenbelt and beyond.

With a development pipeline of over 8,000+ houses and 3.5m sq ft of industrial land all within God’s Own County, Keyland is clearly in a good position to benefit from increasing land values, but looking at the country as a whole, it is simply an exercise in futility to carry on trying to meet the needs of a growing population without properly planning where that population will live and work.

IDHL appoints new People Director

IDHL – the connected agency Group and leaders in digital, eCommerce and search marketing – has appointed Ben Turner in the newly created position of People Director to support team investment plans.

Employing over 340 people across its eight agencies and with rapidly growing teams, Turner joins IDHL’s senior management team to lead the development of a comprehensive people strategy designed to meet the future needs of the Group.

A Chartered Fellow of the CIPD with over 20 years of experience, he has spent time with Tesco Group, Well Pharmacy and most recently, Mckesson UK. During his time with Well Pharmacy, he was accountable for rebuilding the Talent and L&D functions. Turner then moved into the role of HR Director to lead various employee attraction and engagement initiatives, relaunching their graduate scheme, leadership programmes and developing industry-leading professional qualification programmes. At Mckesson UK, he led HR for Lloyds Pharmacy as well as UK digital and marketing businesses.

Speaking of the appointment, Dennis Engel, IDHL CEO said: “We warmly welcome Ben to the Group. Our people are everything to us and providing them with the best support and guidance is paramount. Creating the role is one thing but being able to fill it with a candidate of the quality and experience of Ben, is another. We feel very fortunate to have him and can’t wait for him to start working with his team to deliver new programs that will make a tangible difference to the work experiences and career opportunities of our people”.

On his joining IDHL, Ben Turner commented: “I am thrilled to be joining IDHL Group at such an exciting time of growth and look forward to working with my new colleagues in developing a market-leading employee experience through a forward-looking people strategy that delivers the culture, people development and leadership to enable the Group’s future ambitions”.

Working closely with the wider management team across WMG, Pinpoint, NetConstruct, Fostr, equation, Ingenuity Digital and Wired Plus, Turner assumes responsibility for IDHL’s HR and talent acquisition functions as well as learning and development and early careers.

First residents move into new council bungalows

Residents in east Hull have moved into brand new bungalows built by Hull City Council. Shirley Bentley and Betty Cross were welcomed to their new homes in Drayton Close by Councillor John Black, portfolio holder for housing at Hull City Council. The handing over of the keys marked the completion of the first phase of the council’s Small Sites Housing Programme. Councillor Black said: “Today is a significant milestone as we are completing the first phase of our small sites programme. The council took a bold decision in deciding to build two-bedroom bungalows. “By listening to residents, we realised that even though they were downsizing, they need a spare bedroom for family, friends, or even a carer to stay over. Working with our developer partners, these new homes have been attractively designed and built to an accessible, energy efficient specification and are popular with residents. Furthermore, residents moving into these bungalows free up much needed family sized homes in the area.” The first phase of the programme has seen 39 modern dormer bungalows built by local contractors Houlton’s, Hobson & Porter, S Voase and Esh Construction on ten sites in east Hull. The developments were supported by the Hull and East Yorkshire Local Enterprise Partnership (HEY LEP) through its Local Growth Fund The bungalows are designed to a high-quality specification and exceed the current space standard, which offers better accessibility and with scope for adaptations. Each home has a bedroom, bathroom, open plan kitchen and living room on the ground floor, with a second bedroom and a WC located upstairs. They also have their own rear garden and parking space. They all have a lockable shed too, which is ideal for storing bikes and gardening tools. Furthermore, the homes are designed with a ‘fabric first’ approach which means that the thermal performance exceeds that of current building regulations. This energy efficient design will help reduce carbon emissions and contribute to lower energy bills. Mrs Shirley Bentley, who moved to Drayton Close, said: “I am overjoyed with the move.  My walking hasn’t been too good lately and moving to a bungalow will be a game changer for me with wider doorways and generally being able to get about the home easily.” Her neighbour, Mrs Betty Cross added: “I’ve lived around here for 50 years so being able to move locally means I have friends and family living nearby and I know the area well.” The council has operated a local lettings policy for the new bungalows. This gives priority to current council tenants living in the same ward, aged 60+ or people who have a medical condition which requires ground floor accommodation. A feasibility study is already underway for the second phase of the Small Sites Programme and construction work is expected to start in 2022. James Newman Chair of HEY LEP said: “We are very pleased to be involved with this scheme through our Local Growth Fund. Developing these small sites brings tremendous benefits to neighbourhoods. These bungalows suit the needs of older and more vulnerable residents and, because they are built on small sites, they help the local economy by offering opportunities for small, local builders and their supply chain businesses to take on the construction work.” The Small Sites Programme is part of the council’s ambitious, city-wide house building initiative. New council homes are currently under construction on Preston Road and Grange Road, with more in the pipeline. These modern, new homes, offer a wider choice to residents and help meet the target for new and affordable homes, as identified in the Local Plan and the council’s Housing Growth Plan.

Green light for latest phase of work on development masterplan

Leeds City Council has welcomed recommendations which could take it a significant step closer to finalising a major development plan that will help deliver high-quality homes and opportunities for local people. A planning inspector has provisionally backed the council’s proposal for 36 pieces of land to be retained within the city’s protected green belt under changes to Leeds’s Site Allocations Plan (SAP). The inspector has also provisionally backed a related proposal that would see an additional site at Barrowby Lane in Manston earmarked for employment use with the aim of further driving economic growth and job creation in east Leeds. The SAP, a key planning policy document which allocates land for future housing, employment, office, industrial and retail use, was adopted by the council in 2019 after a rigorous process of preparation and public consultation lasting six years. Under the original terms of the SAP, a total of 36 sites were removed from the green belt for possible housing use while a 37th – at Barrowby Lane – was removed from the green belt for a mix of potential housing and employment uses. The council then revisited the document following a legal challenge brought by Aireborough Neighbourhood Forum, with the High Court ruling last year that all 37 sites should be temporarily removed from the SAP and returned to the green belt pending further examination by the national Planning Inspectorate. The remainder of the SAP – which covers hundreds of sites across the city – was unaffected by the court ruling. Work conducted by the council with developers and landowners subsequently found that, due to the changing nature of local land supply, Leeds would in fact be able to more than meet its housing requirements for the period up to 2028 without the need for further green belt site releases. Using those findings, the council drew up a series of proposed modifications to the SAP that were submitted for examination by the Planning Inspectorate in March this year. The Planning Inspectorate has now agreed that, subject to public consultation, the council can retain the 36 housing allocation sites in the green belt and switch Barrowby Lane’s status from housing and employment to solely employment. The council’s executive board yesterday approved a six-week public consultation on the proposed changes. Once the consultation has taken place, the Planning Inspectorate will consider any responses received and prepare a report. This in turn, it is hoped, will allow the council to confirm the modifications, giving it a fully adopted and up-to-date SAP. Councillor Helen Hayden, Leeds City Council’s executive member for infrastructure and climate, said: “The Site Allocations Plan has been a massive undertaking for the council and one that will play a central role in shaping the future of our city. “We are committed to doing everything we can to deliver the kind of homes and jobs that people in Leeds need and deserve, and this document will help us achieve that through the weight it carries in the determination of planning applications. “It’s really encouraging, therefore, to see us getting closer to a position where it can be fully adopted by the council and bring more certainty to residents and investors alike.” The council’s original work on its SAP involved carefully assessing sites throughout the city and deciding which were the most appropriate and sustainable to allocate for development, in accordance with local and national policy. The plan was the subject of independent examination by government-appointed planning inspectors, who found it sound and legally compliant. The council’s proposed modifications are set against a background of considerable housing delivery in Leeds on brownfield sites, with 4,200 new homes currently under construction in and around the city centre. This is the highest number of new homes under development in and around Leeds city centre since the global financial crisis of 2008. In its legal challenge, Aireborough Neighbourhood Forum claimed the council had acted wrongly in its approach to releasing four green belt sites in Guiseley and Yeadon, and by later adopting the SAP on the basis of that specific approach. Four grounds raised in the claim were rejected or not allowed to proceed by the judge in the case. The claim was allowed on a further three grounds. Local authorities are required by the National Planning Policy Framework to maintain a five-year supply of deliverable housing sites.

Bank of England raises interest rates to 0.25%

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The Bank of England has raised interest rates for the first time since the start of the COVID-19 pandemic despite growing concern over Omicron. Threadneedle Street’s monetary policy committee (MPC) voted to raise rates from the historic low of 0.1% to 0.25%, with pressure from surging inflation outweighing the risks to the economy from the new strain. Figures show inflation hit 5.1% in November as energy prices skyrocketed and supply chains saw significant disruption. The MPC has an official inflation target of 2%. The rate rise comes during deterioration in the economic outlook as the new variant hits consumer confidence. Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The Bank of England’s decision to raise interest rates was surprising given mounting uncertainty over the economic impact of the Omicron variant. While today’s rate increase may have little effect on most firms, many will view this as the first step in a longer policy movement – not as a partial reversal of last year’s cut. “While policymakers are facing a tricky trade-off between surging inflation and a stalling recovery, with the current inflationary spike mostly driven by global factors, higher interest rates will do little to curb further increases in inflation. Instead, it is vital more than ever that the Government’s Supply Chain Advisory Group and Industry Taskforce start to provide some practical solutions to the supply and labour shortages that are continuing to stoke inflationary pressures. “Without real improvement to the situation supply chains are currently facing rising prices are likely to continue to be an issue even with monetary policy responses.”

Investment in skills and innovation key for levelling-up and post-pandemic prosperity, says new CBI Yorkshire & Humber Chair

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Business and Government must work together to increase skills investment in Yorkshire and the Humber if the region is to emerge strongly post-pandemic and build future prosperity, according to the CBI’s incoming regional chair. Jane Madeley – Chief Financial Officer at the University of Leeds – has been named as the next Chair of the CBI Yorkshire & Humber Regional Council. She will take up the role in January, replacing Jacqui Hall of gas shipper CNG Ltd, who has held the position for the past two years. Yorkshire-born Jane brings extensive knowledge of the region and business, having worked for a number of firms in the retail and consumer goods sectors prior to moving into the higher education sector. She has been part of the CBI’s regional council since 2011. Jane will be taking on her new role at a challenging time for businesses in Yorkshire and the Humber, but believes the CBI can play a crucial part in helping the region navigate its way through the continued economic ravages of the pandemic and to build an equitable and prosperous future. Jane Madeley, incoming Chair of CBI Yorkshire & Humber Regional Council, said: “I am thrilled to be appointed Chair of the CBI’s Yorkshire & Humber Regional Council, and I look forward to working with fellow council members and business leaders across the region to meet the ongoing challenge of building the regional economy in the face of the pandemic. “This is a region of immense potential, rich in talent and ambition and well positioned to play a significant role in the UK’s push to net zero. However action is needed to address long-term challenges around skills, and invest in the necessary infrastructure to enable innovation to flourish – vital issues at the heart of levelling-up ambitions. “Overcoming these challenges will take partnership between business, education and Government. Business is ready to step up, and I look forward to working with CBI colleagues to be a voice for the region in the critical conversations to come around levelling-up, economic growth and decarbonisation.” Beckie Hart, CBI Yorkshire & the Humber Director, said: “I’m delighted to confirm that Jane will be the new Chair of the CBI Yorkshire and the Humber Regional Council. She takes over from Jacqui Hall, who has done a stellar job of steering the council through a tough two years, and stands down with our thanks. “Jane will bring a wealth of knowledge of the region and insight into the issues that matter to businesses. Her expertise will be a major asset for businesses and for the CBI as we look to build upon Yorkshire and the Humber’s diverse strengths to drive forward the strategies for growth set out in the CBI’s Seize The Moment economic vision. I look forward to working with her to achieve these goals.”

BM Packaging unboxes rapid growth following seven-figure investment

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A packaging manufacturer is set to ramp up production and nearly double its turnover with the support of a seven-figure finance facility. BM Packaging (BM) produces corrugated cardboard boxes and cartons, selling millions each year to businesses across the UK and throughout Europe via its network of trade partners. A key local employer, its 48 staff operate from its site in Netherton, Huddersfield. Demand for BM’s products has been steadily increasing over the past four years, and has recently been spurred on by the ongoing ecommerce boom, which has seen the business significantly grow its order book and take on new customers. Last year, BM expanded its physical footprint by a third, taking on an extra 27,000 sq ft facility to expand production. The team needed to free up additional capital to support investment in further expansion. The company is now supported by a seven-figure invoice finance facility from Lloyds Bank allowing BM to almost double its turnover this year with forecast growth from £8million to £15million. It is also enabling them to invest in new machinery and further strengthen its cash position. Invoice finance helps bolster firms’ liquidity by allowing them to access up to 90 per cent of the value of unpaid invoices, often within 24 hours. It can play a critical role in ensuring businesses have the cashflow available to support continuous investment, without having to put plans on hold while waiting for payment. Chris Latham, Managing Director at BM Packaging, said: “Demand for packaging and shipping cartons has never been higher, as the pandemic pushed online retail sales to record levels. With this new facility, we now have the capacity to increase our production levels and ensure we are best placed to support our trade customers as the market continues to expand. “Looking ahead, with Lloyds’ support, we are on track to continue to grow organically and sustainably, helping to create more local jobs and boost the regional economy.” Chris Parker, broker development manager at Lloyds Bank, said: “BM Packaging is a leading example of a local business that has been able to capitalise on growing global demand for its products, playing a key role in keeping supply chains moving by ensuring its trade customers have ready access to high-quality products. “The business’s track record speaks for itself, and we’re excited to witness the team’s continued growth in the coming year.”

2022 Business Predictions: Kenton Robbins, Managing Director at PFF Group

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It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Kenton Robbins, Managing Director at PFF Group. We all worked tirelessly through 2021, focussing on the belief that 2022 would hail a return to the good times we remember. COVID-19 would be a thing of the past and the New Year would be an opportunity for us all to get back to normal. Yet, as I write we are heading into a ‘soft lockdown’ with a return to working from home being advised by the Government and mask wearing once again as fundamental as coffee and tea! 2022 is going to be the hardest year yet of this pandemic for business. We are staring down the barrel of inflation and supply chain shortages, the like of which we haven’t seen for many years. Energy prices will continue to be the lead item on boardroom agendas through 2022 as we face the greatest increase in wholesale marketing pricing in a generation. Those that have not hedged or have an ability to do so will face profitability challenges based on energy increases alone. Businesses based on a sourcing model of importing cheap goods from across the globe will see their margins eroded like the cliff sides of the East Coast unless they drive significant price increases to their customer base to offset their increased costs. The availability of everyday items we have all taken for granted throughout our lifetimes will soon be something of a fond memory. You only need to walk the aisles of a B&Q store looking for Far East sourced electrical sockets to see an issue that historically would have had the buying dept in a tailspin (incidentally, if any readers have a three-way switched Georgian brass effect socket going spare, I’ll pay good money, no questions asked)! We have spent months focussed on the Northern levelling up debate only to miss the much more significant global levelling up issues right under our noses. As much as I am an advocate for balance between the North and South, it should not distract us from the bigger picture which could be the driver for a year of positive change for UK plc. This coming year will see a huge opportunity for British business to fill the gaps which historically have been filled through so called ‘value’ global sourcing policies, aka ‘cheap’ products. We have to educate the British consumer as to the benefits of buying British and to look beyond buying solely on price – quality and price equals value. British manufacturers are world-leading innovators and produce quality products here in the UK, supporting domestic jobs, as well as the environment. I predict that 2022 will be the year that sees capitalisation of the UK manufacturing sector which will step up to the mark and establish itself in the mind of the domestic consumer as the value driver of the UK economy. 2022 should be the year we all make a choice to invest in ourselves, our country, our products and our planet’s future sustainability by buying the things we make well on our own doorsteps. After all charity starts at home and if there was ever a year that we should look to support ourselves, it is 2022.

Key regional leadership role for CFO

Jane Madeley, the University’s Chief Financial Officer, has been named as the next Chair of the CBI’s Yorkshire & Humber Regional Council. Taking up the voluntary role in January, she will bring her extensive knowledge of the region and business to the position, having worked for several businesses in the retail and consumer goods sectors before joining the higher education sector. The University is a longstanding member of the influential business organisation, and Jane has been part of its regional council on behalf of the University since 2011. It is a challenging time for businesses in Yorkshire and the Humber, but she nevertheless believes the CBI can play a crucial part in helping the region navigate its way through the continued economic ravages of the pandemic and to build an equitable and prosperous future. Representing the higher education sector at the heart of the organisation in the region and nationally, she will help ensure its concerns are heard, and will develop even more mutually beneficial relationships. Jane Madeley, Chief Financial Officer said: “I can’t stress enough the role the University of Leeds – and our fellow higher education institutions across the region – will play in training the next generation of global citizens and leaders and in tackling the huge challenges facing the world.” Jane, who joined the University as Finance Director in 2009, is particularly keen to combine the priorities of her “day” job with the new CBI role, encouraging collaboration between business and the University, and enjoying the mutual benefits of working together to ensure that the skills and expertise provided by the higher education sector are used to help unlock and maximise the innovation potential of the region. She is also a founding non-executive director of Northern Gritstone, an investment company launched earlier this year by the Universities of Leeds, Manchester and Sheffield to help boost the commercialisation of university spinouts and start-ups in the North of England. “I can’t stress enough the role the University of Leeds – and our fellow higher education institutions across the region – will play in training the next generation of global citizens and leaders and in tackling the huge challenges facing the world,” she said. “I am thrilled to be appointed Chair of the CBI’s Yorkshire & Humber Regional Council, and I look forward to working with fellow council members and business leaders across the region to meet the ongoing challenge of building the regional economy in the face of the pandemic. “This is a region of immense potential, rich in talent and ambition and well positioned to play a significant role in the UK’s push to net zero. However action is needed to address long-term challenges around skills, and invest in the necessary infrastructure to enable innovation to flourish – vital issues at the heart of levelling-up ambitions. “Overcoming these challenges will take partnership between business, education and Government. Business is ready to step up, and I look forward to working with CBI colleagues to be a voice for the region in the critical conversations to come around levelling-up, economic growth and decarbonisation.” Beckie Hart, CBI Yorkshire & the Humber Director, thanked outgoing Chair Jacqui Hall, and said: “Jane will bring a wealth of knowledge of the region and insight into the issues that matter to businesses. Her expertise will be a major asset for businesses and for the CBI as we look to build upon Yorkshire and the Humber’s diverse strengths to drive forward the strategies for growth set out in the CBI’s Seize The Moment economic vision. I look forward to working with her to achieve these goals.” Working with business and other sectors in the region is an important part of the University of Leeds’ ten-year strategy: Universal Values: Global Change, combining its global outlook with a keen awareness of the importance of local, regional and national impact through research and innovation, student education and knowledge exchange. An embodiment of this approach is Nexus, the innovation hub on the main campus which launched in 2019 to enhance how the University connects its world-leading research and expertise with business.

Proposals brought forward for next phase of redevelopment at Lincoln’s Cornhill Quarter

As part of the continued regeneration of The Cornhill Quarter in Lincoln, Lincolnshire Co-op are bringing forward proposals for the next phase of its development. Having established a vibrant leisure and retail environment in this area of the city, they are now seeking to bring further investment through the addition of both residential and hotel accommodation at the site. McCarthy Stone, the developer and manager of independent retirement living communities, is bringing forward proposals for a flagship development at the City Square Centre site on Sincil Street and Waterside South, combining specialist retirement accommodation with leisure facilities available to both its residents and the wider community. Adjacent to the McCarthy Stone development, on Melville Street, Lincolnshire Co-op is proposing to develop the site for a hotel with around 150 bedrooms, supporting and enhancing the city’s role as a key destination for tourism.
As identified by the Consultation Draft Local Plan (2021), Lincoln continues to attract increasing numbers of visitors, and hotels in the city are already frequently full and forced to turn business away.
Both McCarthy Stone and Lincolnshire Co-op have commenced a pre-application consultation programme. Because of the ongoing impacts of Covid-19, the consultation programme is being undertaken in digital and postal format.

ABP signs new 10 year deal with Ahlmark Shipping (UK) LTD

Ahlmark Shipping (UK) LTD has signed a new 10 year deal with Associated British Ports (ABP). The new 10 year deal demonstrates that the timber market remains resilient. Ahlmark Shipping has a dedicated terminal at the Port of Hull where they offer stevedoring, warehousing, ships agency and Customs Clearance services. Ahlmark Lines was one of the first shipping lines to move Swedish timber through Hull and has been regularly calling at the port for almost 40 years, helping to make Hull one of the largest UK ports for sawn timber imports. Ahlmark’s fleet sees the company ship 30% of Swedish timber to the UK. Simon Bird, Director at ABP Humber, said: “This new deal with Ahlmark highlights that ABP remains a valuable and trusted partner for timber imports and exports in the Humber. The Humber Ports afford many businesses an opportunity for growth, and ABP is committed to investing in its services and infrastructure to aid that.” Tim Hollands, Managing Director at Ahlmark Shipping (UK) Ltd, said: “This agreement highlights the continued commitment to the timber industry and to the Port of Hull by Ahlmark Lines A.-B., a long-term relationship that now includes regular liner services to the ABP East Coast Ports of Immingham, Grimsby and Kings Lynn. With the support of ABP, Ahlmark Shipping (UK) Ltd is in a strong position to develop business through the Hull terminal, directly handling volumes on weekly sailings from Kristinehamn, fortnightly sailings from East Coast ports of Skelleftehamn and Iggesund; and monthly services from Domsjo, Gruvon and Ala. Ahlmark have also taken on an additional land to support their services in Hull as the business goes from strength to strength.

New Face for Harrogate’s Criminal Law Team

Harrogate’s leading criminal law firm, McCormicks Solicitors, has appointed a new member to its Crime and Fraud Department. Kate Develly joins the practice as a Criminal Law Executive and will assist Partner Peter Minnikin and Associate Solicitor Brian Nuttney in all aspects of Criminal work and client care. Kate graduated from the University of Lincoln with a joint honours degree in Criminology and English before embarking on a nine-year career with the police. She then helped her husband to establish his own business before completing the Graduate Diploma of Law followed by the Legal Practice Course with Masters, in which she gained a distinction, at the University of Law in Leeds. She said: “I think my previous experience gives me an in-depth insight into the criminal justice system from both sides of the fence and I look forward to using this perspective in my new role.” Peter Minnikin said: “We are very pleased to welcome Kate to what is a busy department working with clients who are often at a very difficult time in their lives.” McCormicks is the only firm in Harrogate to be recognised for its Crime work in the latest edition of Chambers UK 2022.

Joint campaign asks Leeds’ revellers to show a little kindness this Christmas

‘Tis the season to be jolly and as the party season gets in full swing, Leeds City Council, Visit Leeds, Leeds Business Improvement District (LeedsBID) and Leeds Hotels & Venues Association (LHVA), are asking the people of Leeds and visitors to show a little kindness as they celebrate Christmas in the city. The campaign has the backing of city centre retailers, bars, restaurants and hotels as well as taxi services and street wardens, asking party revellers and shoppers to show a little patience and kindness in the run up to the very busy Christmas period. Deputy Leader of Leeds City Council and Executive Member for Economy, Culture and Education, Jonathan Pryor, said: “We are absolutely delighted that so many people decide to visit, shop and celebrate in our wonderful city and it is great to see crowds returning to city centres again after 18-months of uncertainty. “The idea for the ‘Be Kind at Christmas’ campaign came from those at the frontline of customer facing businesses such as retail and hospitality as the combination of staff shortages in both areas, coupled with swelled numbers of visitors during this peak trading period, can lead to impatience and frayed tempers.  We would ask that visitors show a little forbearance during this very busy time.” It’s a sentiment shared by Wayne Topley, Chair of the Leeds Hotels & Venues Association (LHVA) and one of the instigators behind the campaign, he said: “We want everyone to have an enjoyable time as we move into the busy party season, and that includes our staff. “Our front of house colleagues often witness the very best and the very worst behaviours.  It’s going to be incredibly busy this year with lots of pent-up demand to party and we would ask revellers to show a little care and consideration for others, particularly our teams, who are working under extreme pressure during these peak periods.” LeedsBID is pleased to support the ‘Be Kind this Christmas’ campaign, and the Christmas Hosts brought to the city by the BID this festive season are on hand to make sure that shoppers receive a warm welcome as they make their way through the bustling high street.   The Christmas Hosts, funded by the Welcome Back fund (WBF)/European Development Fund (ERDF), with support from Leeds City Council, are out and about in key pedestrianised parts of the city centre every Friday to Sunday (10.30 am – 6.30 pm) and every day from December 20th until Christmas Eve.   Andrew Cooper, Chief Executive of LeedsBID said: “The Christmas Hosts are here to provide that all important welcome to Leeds and are on hand to help with essential information as well as bringing some festive cheer to the city centre.”   The campaign includes a number of posters displaying the ‘Be Kind this Christmas’ messages on multiple sites across the city centre.  Hotels, bars and restaurants and participating retailers will also display the message in their venues, as well as adding the ‘Be Kind’ messaging to email and booking confirmation asking for customers’ patience during the busy Christmas period.