Significant investment agreed at first gathering of Hull and East Yorkshire Combined Authority
UK economy contracts
Halifax music store expands with start up loan support
Halifax-based music retailer The Jam Shack has grown rapidly after receiving a £15,000 Start Up Loan from the British Business Bank, delivered by the Business Enterprise Fund (BEF).
Founded in 2024 by guitarist and sound technician Rik Panesar, The Jam Shack fills a gap left by the closure of the area’s last music shop. The funding helped secure a 400 sq ft unit in Halifax’s Piece Hall, establishing the store as both a retail space and a social hub for musicians.
The shop offers instruments, personalised lessons, live events, and rehearsal space, attracting customers from across Yorkshire. The BEF and British Business Bank highlighted The Jam Shack’s success as an example of how targeted funding can support regional entrepreneurs and creative industries.
SSE advances major battery storage project in North Yorkshire
SSE has reached a key milestone in its South Milford battery storage project, with battery units now delivered to the Monk Fryston site near Tadcaster. Once completed in early 2026, the 320MW/640MWh battery energy storage system (BESS) will be SSE’s largest to date and one of the UK’s biggest operational storage sites.
The project is more than six times the size of SSE Renewables’ 50MW/100MWh battery in Salisbury and more than double the capacity of its 150MW/300MWh sites under construction at Ferrybridge and Fiddler’s Ferry. When fully operational, Monk Fryston will power up to 533,000 homes for two hours during peak demand.
Morrison Energy Services, part of M Group Services’ Energy Division, is overseeing the installation, which includes Sungrow’s battery units. Sungrow is also working with SSE Renewables on the Ferrybridge storage project.
SSE and its partners see the Monk Fryston BESS as a critical step in improving grid flexibility and supporting the UK’s renewable energy transition.
Soanes Poultry invests £850,000 in solar energy for factory
East Yorkshire-based Soanes Poultry has invested £850,000 in a solar energy system to reduce its carbon footprint and lower operational costs.
The company partnered with Boston Renewables to install a 1,648-module field-mounted solar array, which is expected to generate 727,000kWh of electricity annually—enough to power 269 homes. The system is projected to cut CO2 emissions by 156 tonnes in its first year, equivalent to planting nearly 5,900 trees.
Managing Director Ben Lee said the solar panels were designed with an east-west orientation to maximise energy capture during peak factory hours in the morning and late afternoon. The investment aligns with Soanes Poultry’s broader sustainability strategy, which includes biomass energy, wind turbines, and energy-efficient refrigeration.
Soanes Poultry, a family-owned business since 1947, supplies chicken to butchers, independent retailers, and wholesalers across the UK. Boston Renewables specialises in solar PV installations for agriculture, food processing, manufacturing, and other industries.
UK government expands defence contracts for SMEs
The UK government has announced new measures to increase small and medium enterprise (SME) involvement in defence contracts, following its commitment to raise defence spending to 2.5% of GDP by April 2027. A new hub will be launched to improve SME access to the defence supply chain, and the Ministry of Defence (MoD) will introduce direct SME spending targets by June.
Currently, nearly 70% of defence spending goes to businesses outside London and the South East, but only 4% reached SMEs in 2023-24. The new hub aims to address this gap by working with suppliers across the UK to increase procurement opportunities for smaller firms, enhance competition, and accelerate innovation.
Defence spending supported over 430,000 UK jobs last year, with government contracts injecting £28.8 billion into UK industry. Regional spending increases included a 30% rise in the East Midlands (£328 million), 20% in Northern Ireland, and nearly 19% in Yorkshire and the Humber. The government says expanding SME participation will drive further economic growth, create jobs, and strengthen the UK’s defence industrial base ahead of the upcoming Defence Industrial Strategy.
Work begins to transform site of former Chantry House building in Wakefield into affordable homes
Cllr Michael Graham, Wakefield Council’s Cabinet Member for Regeneration and Economic Growth, said: “I am really pleased to see work beginning on this site.
“Good quality housing is the foundation for economic growth and the priority is for Wakefield to have a high-quality housing offer that meets our residents’ needs. “The Chantry House site is part of our plans to deliver more, better and affordable homes in our district. It is so important to us to create and provide places for people to live and be proud to call home. “We want to encourage people to come and live and work in Wakefield. Creating vibrant communities which will provide a real boost to our local businesses and high street. “The Kirkgate area is a key gateway into the city centre, and this is the next vital step in our regeneration plans.” The Council began preparing this site for development in 2020. After demolishing the Chantry House building, temporary greening was added to the area. Planning was granted for 50 new homes to be built, including 24 new apartments and 26 new houses. The Council has also supported WDH by providing a grant to fill the viability gap to build these homes, using Section 106 commuted sums. This is where developers pay a one-off contribution in lieu of onsite provision of affordable housing so it can be built in other areas of the district (subject to any restrictions). Joel Owen, Service Director for Development at WDH, said: “We’re excited to be working in partnership with Wakefield Council to transform the centre of Wakefield and provide much needed high quality affordable homes. “Investing in our communities is a key priority for WDH and by transforming the former Chantry House site, we’re breathing new life into the city centre creating a new, vibrant community enabling better futures for our customers.” Yorkshire-based Caddick Construction has been appointed as main contractor on the project, with Caddick Civil Engineering also appointed to deliver remediation and groundworks.Building work completes on Keighley College’s new manufacturing and engineering hub
Business leaders invited to help shape Greater Lincolnshire’s economic future
Businesses have been invited to play a key role in the future growth of Greater Lincolnshire by becoming part of the Economic Advisory Panel.