Specialist housing provider raises £400k to launch new homes for people with disabilities

A Sheffield company that provides bespoke supported living accommodation has secured £400,000 from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, to open a new facility. The funding will enable SLE Housing to complete the conversion of a Victorian schoolhouse in Greenhill Village to create homes for nine adults with learning difficulties or disabilities. The property, which was built in 1845 as a school and most recently used as a doctors’ surgery, is due to open in August this year. It will offer a mix of purpose-built one and two-bedroom houses and create over 40 jobs for care staff to support the new residents in their daily lives. The Old Schoolhouse is the fourth development for SLE Housing, which was founded in 2017 by Diane Simpson-Lyons, who had a background in the care sector, and her son Brett. They currently offer supported living accommodation for over 30 adults across Sheffield. The business is also expanding into assisted living accommodation for the over-55s and is planning to build homes for over 160 people. It has acquired a number of sites which are currently at various stages of design and development. Brett Simpson-Lyons, Chief Executive, said the company aimed to help residents to enjoy a more independent and fulfilling life in specialist accommodation adapted to their individual needs. “Since construction started on the Old School, we have received an overwhelming number of enquiries and could have filled the accommodation many times over,” he said. “We are currently building links with the community and the Church, which has made a multi-million pound investment in the facilities next door and will be a fantastic partner. Many of the enquiries we have received have come from people with elderly parents which confirms the strong demand for assisted living accommodation for the over-55s and supports our future plans to expand into this area.” Andy Tyas of Mercia said: “There is a real shortage of bespoke supported living accommodation and SLE Housing is doing an excellent job in providing purpose-built high-quality homes. We are delighted to be able to support them with the launch of this latest development, which will add to the facilities available in the area and enable them to help more people live independent lives.” Andy McKenna, Access to Finance Advisor for the Sheffield City Region Growth Hub, provided fundraising advice to SLE Housing.

Leeds entrepreneur named as Great British Entrepreneur Awards 2023 finalist

Leeds-based CEO, Neil Moles, has been recognised for his entrepreneurial spirit as he is named as a finalist in the Great British Entrepreneur Awards. Neil is CEO of Progeny, a national professional services company headquartered in Leeds, offering Chartered financial planning, investment management, tax services, property, HR consultancy and legal counsel. Now in its 11th year, The Great British Entrepreneur Awards celebrate the outstanding individuals and businesses that drive innovation, generate employment opportunities, and contribute to the growth of the UK economy. Neil Moles says: “Entrepreneurship is a major driver in economic growth and innovation and I’m proud to be recognised amongst my peers by the Great British Entrepreneur Awards.
“At Progeny, we’re transforming how people receive and value professional advice with our integrated, multi-disciplinary approach, as well as expanding our footprint into international territories, including Dubai, Hong Kong and Singapore. Launching into the international space brings huge opportunity and my vision is to create the first global professional services business.” Founder of The Great British Entrepreneur Awards, Francesca James, says: “Every year I am blown away with the quantity and quality of applications we receive, and this year is no exception. The Great British Entrepreneur Awards receives thousands of applications annually and the competition is tough. “I am truly inspired by the remarkable accomplishments of this year’s finalists. Their collective achievements of generating over £2.7 billion in turnover and employing over 33,000 people demonstrate the exceptional impact they have made in their industries and communities. These entrepreneurs exemplify the spirit of innovation, resilience, and growth that drives the entrepreneurial landscape in the UK.” The awards ceremony will take place on November 20 2023 at London’s Grosvenor House.

Care home developer secures funding for new sites

OakNorth Bank has provided a bespoke loan to LNT Care Developments (LNT), the developer of purpose-built residential care homes, to facilitate the development of up to eight new sites. Founded by Lawrence Tomlinson, LNT launched in 1988 and developed its first purpose-built care home in 1991. Since then, the business has developed over £3.2b of real estate assets, including over 200 care homes across the UK, providing more than 12,500 beds to the UK’s ageing population. Headquartered in Garforth, West Yorkshire, LNT is pioneering a new generation of carbon-zero care homes, with its care home sites already achieving ESG targets that aren’t required until 2030. The bespoke loan from OakNorth Bank will be used to develop up to eight new carbon-zero care homes at the centre of local communities across the UK. Each site will also include the latest in sustainable technologies, such as geothermal heat pumps, battery technology to maximise stored energy, as well as solar panels and underfloor heating for maximum efficiency and resident comfort. Matthew Lowe, CEO of LNT, said: “For over 30 years now, LNT’s mission has been to provide every community across the country with a truly great place for their loved ones to live, work and visit. Our latest generation carbon-zero homes are our most ESG-forward yet, achieving BREEAM in-use ‘Outstanding’, and we are constantly reviewing the suitability and use of our designs to suit the evolving needs of residents and operators. “By 2026, our aim is to have built over 300 homes across the country, with this funding from OakNorth representing a significant contribution towards this ambition. In addition to having significant experience of the care sector, James and the OakNorth team created a bespoke flexible funding package that was designed specifically for our requirements.” James Espley, director of Debt Finance at OakNorth, said: “LNT is widely regarded by operators as providing homes that enable the very best care quality outcomes. It is this strong industry reputation, coupled with Matthew’s leadership and the hugely talented team around him, that has allowed LNT to become the UK’s primary specialist care home developer. “Given OakNorth’s own strong ESG credentials, we saw numerous synergies with LNT’s focus on net zero-carbon consumption within their homes. We’re delighted to have been able to support such a well-renowned and established business in the industry and look forward to watching the development of each site over time.”

All staff made redundant at Leeds meat alternatives company

Leeds-headquartered food company, Meatless Farm, has made all its teams redundant and ceased trading. Founded in 2016 by Danish entrepreneur, Morten Toft Bech, the business’s 50 staff have lost their jobs as the firm looks set to fall into administration. Meatless Farm made plant-based meat alternatives stocked in major UK supermarkets but has been hit by a decline in demand for plant-based products and an already crowded market. Reports from the BBC indicate that insolvency firm Kroll is now advising the firm on its options. Tim Offer, commercial director, said on LinkedIn: “Sadly my time at Meatless Farm has come to an end. After a fantastic 10 months leading a talented and highly engaged sales team the business has unfortunately made all the teams redundant. I learnt a huge amount in a short space of time and have absolutely loved the people and the brand.”

Raworths’ strategic growth continues with new partner

Rachel Mainwaring-Taylor has been appointed as a partner in Raworths’ Trusts, Wills and Estates team.

Rachel joins from Farrer & Co in London having developed an unusually broad range of expertise, advising individuals, families and trustees on issues including succession, wealth structuring and governance with a particular interest in cross-border succession planning and estate administration.

She advises on all aspects of succession planning including agricultural, business and heritage assets, domicile and tax residence, philanthropy and mental capacity and has extensive experience in dealing with complex estates and international probate as well as the creation, administration and governance of trusts.

Rachel is a full member of the Society of Trust and Estate Practitioners (STEP) and an officer of the Private Client Tax Committee of the International Bar Association. She also sits as a judge in the First-Tier Tribunal (Tax).

Rachel Tunnicliffe, senior partner and head of Private Client Services, said: “We are absolutely delighted to have attracted someone of Rachel’s calibre, contributing further to the strategic growth of our specialist teams across the firm. As families become more international, Rachel’s cross-border experience will be a particularly valuable addition to the support which we already offer to our clients.”

On joining Raworths, Rachel Mainwaring-Taylor said: “I am thrilled to be returning to my Yorkshire roots and joining a firm with such a strong private client offering and impressive reputation where I can continue to deliver high quality bespoke solutions to clients.”

The Trusts, Wills and Estates team at Raworths continues to expand with five new recruits this year bringing the team up to 24 including the six partners, all of whom have joined from leading national and international firms.

Yorkshire cities facing productivity gap challenge

Cities in Yorkshire and Humberside and the North East are lagging behind the rest of the UK when it comes to productivity, but have enormous potential for growth and prosperity, a new briefing from The Productivity Institute (TPI) has found. ‘The Yorkshire and The Humber and North East Productivity Challenge’, written by Kate Penney from The Productivity Institute – of which the University of Sheffield is one of eight partners – provides key insights into productivity growth within the region and highlights a number of strategic initiatives for growth and development. While overall productivity in the region is below the national average, Sunderland, with its strong manufacturing base, has exhibited higher productivity levels and growth rates than the UK as a whole. However, cities in Yorkshire and the Humber, including Bradford, Leeds, Sheffield, and York, have struggled to match the national average in productivity growth over the past decade. The brief highlights several factors that contribute to the productivity challenges faced by the region. The prevalence of low-productivity firms, under-investment in research and development and skills, and inadequate regional connectivity have hindered substantial productivity improvements since 2008. Additionally, the North East and Yorkshire and the Humber were among the least resilient regions to the 2008 global financial crisis and have been significantly affected by Brexit, given their reliance on EU markets for trade. The brief will assist the business community in the region by highlighting various initiatives that offer potential for future productivity improvement, and examines various factors and bottlenecks that shape regional growth. The brief is intended to inform the discussions and actions of the Regional Productivity Forum (RPF) for Yorkshire, Humber and the North East, based at the University of Sheffield. The forum is one of eight regional productivity forums established by TPI. The TPI is an ESRC-funded initiative that brings together academics with business, industry and policy representatives to identify and address the causes of the UK’s weak growth in productivity. Professor Jason Heyes, a Professor of Employment Relations at the University of Sheffield’s Management School and the academic lead for the Yorkshire, Humber and North East RPF, commissioned the new report, as part of ongoing work to understand and address productivity challenges in the region. Professor Heyes said: “This paper provides extremely important information about productivity in our region and the obstacles to improvements in economic performance that different parts of our region face. It will help our RPF to develop initiatives that we hope will make a strong contribution to improving productivity in Yorkshire, Humber and the North East including investing in and retaining skilled workers, the adoption of green and digital technologies and incentivising innovation.” In the North East, the new governance structure resulting from the devolution deal will provide greater powers and opportunities for growth and innovation in areas such as advanced manufacturing, health and life sciences, energy, tech, and business services. In Yorkshire and the Humber, the focus is on leveraging the region’s strengths in sectors such as healthcare and innovation, manufacturing, financial and professional services, and digital technologies. The region has established itself as a major centre for financial and professional services outside of London and earns billions from advanced manufacturing and R&D activities. However, there is a need for increased investment, both public and private, in research and development to unlock further growth potential. One of the common challenges faced by both Yorkshire and Humber and the North East is the need for improved connectivity and transportation infrastructure. The cancellation of the planned HS2 rail eastern leg to Leeds has raised concerns, but the Transpennine route will receive upgrades to enhance connectivity. Infrastructure investment is crucial to facilitate economic growth and ensure efficient access to markets. Professor Bart van Ark, Managing Director of The Productivity Institute, said: “By adopting a comprehensive ‘scorecard’ approach, we analyse key metrics across five core drivers: business performance, skills and training, policy and institutions, health and wellbeing, and investments and infrastructures. “These regions have enormous potential for growth and prosperity, particularly in sectors such as clean energy, advanced manufacturing, digital technologies, and healthcare innovation, and by implementing strategic policies, fostering innovation, and increasing investment, there is the real opportunity for them to unlock their productivity potential and contribute to the national economic landscape.” Sarah Tulip, Chair of the Yorkshire, Humber and the North East RPF, and Senior Director at IT services and consulting company Cognizant based in Leeds, added: “This paper both sadly highlights the lack of productivity in these regions, with both sitting in the bottom quartile nationally and that major factors such as the significant lack of investment have driven this down during challenging times when it needed support most. “What I believe shines through is that despite adversity, the cities across Yorkshire, Humber and the North East are finding ways to reinvent themselves – and in areas of innovation, becoming world leading across sectors. With the right support, powers, skills and investment in the region, this could be accelerated and have a massive impact both locally for its people, creating high skilled work and transforming some of the left behind communities, but also nationally in allowing the region to contribute more significantly. I look forward to us diving deeper into some of the core challenges faced.”

Firms invited to collaborate in waste re-use as ‘raw materials’

Manufacturers in West Yorkshire are invited to take part in research to help reduce their environmental impact and reuse material waste.

The West Yorkshire Combined Authority and The Yorkshire Circular Lab are collaborating on a project to explore eays manufacturers can work together to give new purpose to their waste materials instead of throwing them away. This process is called industrial symbiosis. Manufacturing is one of the biggest industrial sectors in West Yorkshire, but it also produces a lot of waste that harms the environment. Industrial symbiosis allows manufacturers to find new ways to use this waste rather than disposing it in landfill or incinerating it. The research project aims to understand the main sources of waste in the region and find other industries that can directly use or repurpose these materials in their own production processes. This research project supports West Yorkshire’s goal of becoming net zero by 2038 and helps manufacturers in the region move away from the traditional linear approach of taking, making and disposing, towards a more sustainable circular economy. If your manufacturing business in West Yorkshire wants to participate in this study to assess the potential reuse of your waste materials, please contact isaac.lassey@westyorks-ca.gov.uk.

Sheffield parcels firm calls in administrators

Today Richard Harrison and Howard Smith have been appointed Joint Administrators of Sheffield-based Tuffnells Parcel Express Limited.

Most of Tuffnells’ 2,200 employees have been made redundant, with fewer than 130 retained. All 30-plus UK premises have been closed.

The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability. Tuffnells Parcel Express Limited is registered in England and Wales. Richard Harrison and Howard Smith are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.

New university partnership to develop rapid growth of Halifax pet treat company

Marketing experts at Leeds Beckett University have joined forces with Halifax pet treats company, Sniffers, to build on the company’s rapid growth. They will support them in a strategy to develop their new ‘Naw’ own-brand products and enter new markets. A team of Leeds Business School academics will work with Sniffers Pet Care Limited on the two-year Knowledge Transfer Partnership (KTP), which is part-funded by the Government through Innovate UK. Sniffers is a small business based in Elland, Halifax, with over 40 years’ experience in the pet industry. Dr David Andrews, senior lecturer in marketing and project leader, said: “The KTP will focus on developing and embedding a platform for Sniffers to grow sustainably. We will develop strategies to identify the best distribution channels for Sniffers to enter new markets and establish their own-brand products. “Using our expertise to support the wider team at Sniffers, we will build their management capabilities, skills and training. This will create a more strategic approach for the business, embedding innovation throughout the company and facilitating the company’s long term growth objectives.” Another key focus of the KTP will be to build Sniffers’ targeted marketing strategies to amplify the brand impact with the company’s customers. The project aims to create a brand personality and reputation that reflects the central principles of Sniffers, and positions it more strongly in the market – to support their goal of being recognised as the UK’s leading natural dog treat supplier. Simon Brown, CEO, and son of the founder of Sniffers Pet Care, said: “We have experienced impressive sales growth in recent years – in part, due to the Covid-associated increase in dog ownership in the UK. We are ambitious and motivated to continue our strong growth through this new partnership with Leeds Beckett – including developing our own-brand products and growing in new markets. “Working with LBU has been a fantastic experience so far – the support and insight we’ve received already to get to this point in the KTP process has been beyond expectations. We very much look forward to embedding the capabilities within our business and helping us meet our ambitious targets – particularly as we are on the cusp of launching our new retail brand NAW.” The Sniffers team will have access to the university’s popular business support programmes including Help to Grow: Management, the #WECAN (Women Empowered through Coaching and Networking) programme – building the leadership skills, capabilities and opportunities of women in SMEs in the Leeds City Region, and student consultancy projects and placements. Jo Griffiths, head of Knowledge Transfer Partnerships at Leeds Beckett, added: “Working with our academics enables Sniffers to take advantage of future opportunities from a basis of sound academic knowledge and expertise, and a solid strategic foundation. “The project will embed improved strategic marketing decision-making capabilities and skills to support longer-term, sustainable SME growth. These ambitions and objectives align directly with the UK government’s agenda to foster a robust economy and for levelling up.” Dr Andrews has more than 30 years of industry experience including senior posts as CEO of Yorkshire Tourist Board and as a company director. He has worked with more than 200 small and medium-sized enterprises (SMEs) in the last four years on a variety of funded programmes. He is also a workshop facilitator and business coach on the BEIS funded Help to Grow: Management programme at Leeds Beckett and regularly works with Leeds City Region businesses with growth aspirations and strategic challenges. The academic project team is completed by Helen Hepworth, lecturer in marketing at Leeds Business School. Prior to joining the university, Helen spent two decades working in the UK consumer packaged goods market, holding senior positions in product development, category management and sales, and more recently working as a retail consultant. A skilled graduate will be recruited to carry out the project, as a full-time member of staff within the business, and with the full support and input of the academic team at Leeds Beckett.

Chemical specialist receives £1.3m investment to facilitate management buy-in

A Yorkshire business which produces chemicals for the foundry industry for customers worldwide has undergone a management buy-in backed by a £1.3m debt funding package from Frontier Development Capital (FDC). Eurotek Foundry Products specialises in resin binders, which are manufactured and blended to specific customer needs, and exports 70% of its production. Established in 1993, the company employs 18 staff at its headquarters in Elland and has a European subsidiary in Poland. As part of the buy-in Richard Catchpole, who has over 35 years’ experience in the chemicals industry and is the former CEO of Akcros Chemicals, will become chair. The deal also gives GIL Investments, a specialist industrial investor, a majority shareholding and provides an exit for the founders. However Dale Crystal, the current Managing Director, and Raymond Higgins, sales director, will remain with the business for the foreseeable future to help deliver its growth strategy. Richard Catchpole, the new chair, said: “I am delighted to be joining Eurotek, which is an established business with a strong track record in the chemicals sector. The management team have done an excellent job in successfully navigating some of the challenges of recent years, such as the pandemic, Brexit and the war in Ukraine. I look forward to working with the team as we continue that journey and explore new opportunities to take the business forward.” Simon Kelsall, investment director at Frontier Development Capital, said: “Eurotek has built an impressive export business and loyal client base and benefits from extremely high levels of customer satisfaction. Richard’s appointment will add further weight to the management team while the investment from FDC and GIL will provide additional working capital to support its future growth.” The Wilkes Partnership LLP provided legal advice to FDC, while Gateley Legal advised the acquirers including GIL Investments. Shoosmiths LLP advised IGF which provided invoice discounting facilities and AG Corporate Law acted for the vendors. BSN Associates provided financial due diligence for the acquirers.