Anglian Water’s UK finance ‘first’ will create drought resilience

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To fund UK’s biggest ever drought resilience project Anglian Water has become the first UK company to issue a corporate green bond of £225m in the Canadian ‘maple’ bond market.

The bond raised will specifically fund Anglian Water’s Strategic Pipeline Alliance, delivering a brand new network of hundreds of miles of large-scale interconnecting pipelines to move water to drier areas of our region, alongside other future resilience projects identified by Anglian Water. SPA is the biggest infrastructure programme in Anglian Water’s history and one of the largest infrastructure projects in the UK. On completion, the outcome will be improved the climate resilience for water supplies across the Anglian region.

Crucially, flexibility in moving water more freely around the region helps improve resilience to droughts and enables the company to reduce abstraction from the environment in water-stressed areas. Reducing abstraction is one of the most important contributions to protecting the environment.

This year’s driest July on record since the 1911 and the driest summer since 1976 highlights the importance of such schemes that ensure resilience to drought for future generations and support customers and businesses, including critical industries such as food production.

Anglian Water’s Group Treasurer Jane Pilcher said: “The impacts of climate change are acutely impacting the water industry in the UK, and the world over.  Ours is the driest region in the UK and particularly vulnerable to climate change. Therefore reducing our carbon emissions and adapting to the climate emergency is embedded in everything we do. Spend on resilience to climate change and environmental protection is vitally important.  This focus is why 100 per cent of our debt raised in 2021/22 was sustainable finance.”

Anglian Water’s capital investment is financed by sustainable debt finance as well as through shareholders, supported by stable regulatory environmental. Jane added: “By holding ourself accountable to the green bond principles we are delivering enhanced environmental and social benefits.

“The Maple bond market is a stable and growing sustainable finance market, so for us it’s presented an opportunity to continue our sustainable financing strategy.”

Lincolnshire lime supplier snapped up by US firm

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Mississippi Lime Company (MLC), an HBM Holdings company headquartered in St. Louis, USA, has acquired Singleton Birch, the independent supplier of lime products based in Lincolnshire. The acquisition is part of MLC’s strategy to drive growth, innovation and sustainability through geographic expansion and new products and technologies that proactively address customers’ changing needs. Financial terms of the transaction have not been released. “For more than 115 years, Mississippi Lime has been focused on meeting the evolving needs and priorities of our customers. That focus has served our customers, our employees and our business very well. Our approach is to grow by finding businesses that represent a good cultural fit for us and can complement what we already provide to customers. Singleton Birch is a great fit, and we are delighted to welcome them to the Mississippi Lime family today,” said Paul Hogan, president and CEO of Mississippi Lime Company. Singleton Birch is based in North Lincolnshire, where it employs more than 150 staff. It will continue to operate under its existing brand and the Singleton Birch management team, led by Chief Executive Officer Richard Stansfield, who will remain in place. “Singleton Birch has done tremendous work, and we are grateful that Richard and the leadership team will remain in their roles leading the business,” said Hogan. “This acquisition is about growth, innovation and sustainability, and we do not anticipate reducing the number of jobs at Singleton Birch as a result of this transaction.” “Being part of the Mississippi Lime family will enable us to invest more and power the growth of Singleton Birch,” said Stansfield. “We’re delighted to have a partner for the next stage in our development that shares our culture and values.”

Duo of Yorkshire care homes acquired

Anchor, the not-for-profit provider of care and housing for older people, has expanded its care home portfolio.

Anchor is to acquire two new freehold residential care homes in Yorkshire from Hadrian Healthcare. The two purpose-built homes in Skipton and Roundhay, Leeds, are currently under construction and are due to become operational in April 2023 and June 2024 respectively. Both The Mill House in Skipton and The Manor House in Roundhay include state-of-the-art en-suite rooms, with The Mill House also including eight residential care apartments in the adjoining historic Mill Lodge. The Mill House is set in pleasant surroundings, adjoining the tranquil Leeds and Liverpool Canal, whilst The Manor House, Roundhay is situated on Park Avenue, within the Roundhay conservation area. The news comes after, in July 2022, Anchor announced contracts had been exchanged to acquire the entire share capital of Halcyon Care Homes Topco Limited: 11 purpose-built residential care homes in the East Midlands and the South of England. Along with the announcement in July, this announcement means Anchor – the fourth largest operator of residential care homes in England – will see its care home portfolio grow from 114 to 127 homes. Sarah Jones, Anchor Chief Executive, said: “Hadrian Healthcare is a well-known name in the sector for the development and construction of high-quality, purpose-built residential care homes, and these two homes will add to the five homes we acquired from them in 2019. “We’ve set out a clear strategy for growth in our Business Plan, and this latest announcement shows how we’re realising those aspirations to provide more homes where people love living in later life, and to create more opportunities for people to find a fulfilling career working in the social care sector. “I’m also delighted that Anchor will continue to set high standards in terms of operating sustainable and energy-efficient homes, with these new additions being built to an Energy Performance Certificate A rating standard, including energy efficient measures to retain and recover heat while maintaining high levels of internal air quality and generating renewable energy onsite through solar photovoltaic panels.” Ian Watson, chairman of Hadrian Healthcare Group, said: “We are delighted to have agreed this sale of two of our newest Care Home schemes to Anchor Hanover Group. Hadrian Healthcare continues to raise the standards of care and accommodation for older people and we know our friends at Anchor Hanover share this commitment and focus.”

Operator sought for Bradford’s new food hall

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Bradford Council is seeking an operating partner to manage its new food hall as part of the multi-million pound Darley Street Market scheme in Bradford city centre which is currently under construction. The multi-level market and food hall, as well as an outdoor square for concerts and events, will occupy a prominent and large site on Darley Street and is part of the ongoing cultural and physical regeneration of Bradford city centre, complementing what’s on offer across the district and enhancing Bradford’s destination status as the host city for UK City of Culture 2025. Located on the upper level of the market, the food hall will have a wide variety of dine-in and takeaway food from local street and restaurant traders. There will be 11 high quality food kiosks offering a selection of world foods, two bars, a stage for day and night time entertainment along with seating for around 500 customers both indoors and on the external balcony area overlooking the market square and large outdoor screen. Bradford Council’s foodservice consultancy Coverpoint are now inviting potential operators to formally tender for managing and operating the hot food and beverage floor in Darley Street Market. The operator must have the vision and passion for food and foodservice and be able to attract an engaging and thriving community ready to experience the wide range of hot foods that the new market will offer. Councillor Alex Ross-Shaw, Bradford Council’s executive member for regeneration, planning and transport, said: “The new Darley Street Market will help to transform the evening economy in this part of the city centre and will provide another area for community activity and events. The new food hall in the market will be an amazing destination that will fly the flag for a fresh, innovative and more sustainable approach to the food and beverage sector in the city centre.” Coverpoint director Richard Moulds said: “The operator will have the expertise to manage the food hall and work with local independent operators to run the kiosks. They will also have the passion and vision to create a vibrant and community-focused venue, that helps further secure Bradford’s place on the culinary map of Yorkshire and the UK. “The operator could have a background in restaurants, breweries, street food collectives or even contract catering, or be a local business entrepreneur. The most important consideration is the cultural fit and the sense of community spirit.”

KCom pledges £100m investment in full fibre broadband

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Hull-based broadband provider is to invest £100m across Hull, East Yorkshire and Lincolnshire to give the region what it says will be the fastest, future-proofed and most accessible full fibre broadband network in the UK. The investment includes £62m to expand its award-winning network to more than 50,000 more homes and businesses in 14 initial towns and villages across the region; £10m to upgrade 14,000 properties in East Yorkshire currently without full fibre in communities such as Cherry Burton, £17m to replace the ageing copper phone lines in Hull with an entirely new fibre network and a £10m long term upgrade of the existing fibre network to enable download speeds of 10Gbps. KCOM chief executive Tim Shaw said: “In 2019, KCOM enabled Hull to become the first full fibre broadband city in the UK when we completed our first fibre network rollout – more than a decade ahead of the rest of the UK. Then, in 2020, we announced ambitious plans to invest £100m to reach a further 100,000 properties in East Yorkshire and, for the first time in the company’s history, across the Humber to North Lincolnshire. “Now, in that same pioneering spirit we are forging ahead again. As we expand our world class network so more towns and villages can experience the benefits of ultrafast, Fibre To The Premises, broadband. “This £100m investment is a statement of confidence in our business, our region and our future as we make our region one of the best connected in the UK and beyond. This will cement our reputation as a world class destination that’s not only a great place to live but also a place where high value digital and tech businesses can invest and thrive. This investment will be a major boost to the local economy creating dozens of skilled jobs and enhancing local supply chains.” KCOM will now expand to communities including Flamborough in East Yorkshire, Hunmanby, Stamford Bridge and Cayton in North Yorkshire and Caistor and Mablethorpe in Lincolnshire, as part of the next phase of its expansion with more towns and villages to be announced in the coming months. The expansion plans will take KCOM’s overall footprint to 350,000 properties, enhancing its position as one of the UK’s largest full fibre providers. It would also mean the creation of up to 50 new local, highly-skilled engineering jobs to help build the network. Dr Ian Kelly, Chief Executive Hull & Humber Chamber of Commerce, said: “This is great news for the Humber region with more investment cementing our area’s reputation as one of the UK’s most desirable places for business to locate, invest and then compete on a global level. “Online connectivity is key to creating a thriving future for Hull and the Humber and once again KCOM is leading the way by investing in and unleashing our region’s enormous potential.” As part of its vision KCOM is also announcing its Full Fibre for Everyone scheme which will invest £500,000 in digital inclusion scheme and events across the region over three years. This will enable KCOM to expand on its digital inclusion schemes that it already operates in local communities. These include digital training sessions schools and community centres, installing open access Wi-Fi in public buildings and investing in local infrastructure – such as connecting community and rural hubs to fibre broadband. In addition, KCOM will continue to promote and encourage sign up for its recently launched Flex package that gives full fibre connectivity to those that previously couldn’t afford it.  

Spencer Group takes on 14 more apprentices from Hull

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Hull-based engineering business Spencer Group has taken on 14 more apprentices from Ron Dearing University Technical College. Spencer Group, which is one of Ron Dearing UTC’s Founding Partners, has employed 42 apprentices from Hull’s employer-led school in just three years. The relationship between the school and one of Hull’s leading businesses has created a productive pipeline of fresh talent for the engineering industry as well as opening up exciting and rewarding opportunities for dozens of young people. Former Ron Dearing UTC students now make up a significant proportion of the company’s workforce of more than 300 directly-employed staff. The latest entry-level roles include nine Engineering Apprentices, one Mechanical Apprentice, one Electrical Apprentice, two Marketing Apprentices and one Scheduling Apprentice. Charlie Spencer, Executive Chairman and founder of Spencer Group, said: “As a growing business, it’s essential we bring in and develop young talent and that’s exactly what we’re doing with these exceptional young apprentices. “They’ve had an outstanding experience at Ron Dearing, which has prepared them for the world of work with its employer-led model of education, and now they’ll learn from excellent mentors at Spencer Group during the next stage of their development. It’s very exciting for them – and for us.” Spencer Group, which has its headquarters at Humber Quays on Hull Marina, is a privately-owned, multi-disciplinary engineering business delivering innovative engineering and construction solutions across the UK in the rail, bridges, transport, infrastructure, materials handling, energy and industrial sectors. The business employed 14 apprentices from Ron Dearing UTC three years ago, followed by a further five two years ago and nine last year, with many more planned for future intakes. Yvonne Moir, HR Director at Spencer Group, said: “Our previous apprentices have proven to be of a really high standard and we have no doubt the latest intake will also become valuable additions to Spencer Group. “We became involved with the UTC at the beginning because we wanted access to a pipeline of talented young people who would develop their careers with us. Those hopes have come to fruition and our original apprentices are now excelling in permanent roles. “There’s no doubt that the education and employability skills instilled in students from the moment they join Ron Dearing UTC help them to hit the ground running with us as work-ready employees.” Existing apprentices and former Ron Dearing UTC students who have completed their apprenticeships with Spencer Group help mentor the new intake each year. This year’s Engineering Apprentices will rotate around various departments before heading out on site to work on projects across the UK, while the Mechanical and Electrical Apprentices have already started work on site. Every apprentice who secures a permanent position with Spencer Group is offered the chance to further their studies to degree level and possibly complete a master’s degree.

Businesses pay tribute to Her Majesty, Queen Elizabeth II

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Following the death of Queen Elizabeth II, who ruled the country for over 70 years with poise and dignity, businesses and local leaders have been paying tribute and offering messages of condolence. Barrington Billings and Lee Bloomfield, chair and Chief Executive of Manningham Housing Association, said: “It was with deep sorrow that we learnt of the death of Her Majesty The Queen. “Her Majesty’s record of service to the nation will never be surpassed and her passing will come as a great shock to everyone in the Manningham Housing Association community. “She visited Bradford district several times during her long reign, occasions that will be forever remembered by all who had the privilege to see her. “We offer our sincere sympathies to the Royal Family at this most difficult of moments.” Sophie Allanby of Ripon Farm Services, said: “Like the rest of the nation, we are deeply saddened to hear that Her Majesty Queen Elizabeth II has passed away. She had a true love for the countryside and many from the farming community will have had the honour of meeting her at various shows and events over the years. She leaves behind a huge legacy. Our thoughts are with the Royal Family at this difficult time.” South Yorkshire’s mayor, Oliver Coppard, said: “Her Majesty Queen Elizabeth II was the best of us. “Not simply because of the length of her service, but because of the dignity and unparalleled commitment with which she carried out her role on our behalf: as an ambassador, a servant, a monarch and a leader. “She leaves behind a country unrecognisable to the one she inherited. Throughout decades of war and peace, of prosperity and privation, she offered a constant reassurance; that we remain a United Kingdom, governed by something greater than all of us but for which we are all responsible. “Even in her passing she will bring together our country and our communities, not just to mourn her death but to celebrate her life. Few will match her service – but because of her service, I have no doubt many will be inspired to try. “The thoughts and prayers of South Yorkshire are with the Royal Family. “Thank you, Your Majesty Queen Elizabeth II. “May she rest in peace.” Tony Danker, CBI director-general, said: “The CBI and the UK business community join the nation in mourning the passing of Her Majesty The Queen. “Throughout her unprecedented 70 years on the throne, HRH Queen Elizabeth II served the nation with distinction as a stalwart example of British values of honour, dignity and resilience. She dedicated her life to the people of the UK and the Commonwealth, providing compassionate and inspirational leadership during the many challenging times of her long reign. “Times are hard right now – made more so by the loss of our much-loved Queen – and our tribute should be to work tirelessly to build a better future for the people of this country in memory of Her Majesty.” Phil Newstead, the co-owner of Leeds-based cosmetic vehicle repair company Smart Repairs, said: “We’re devastated to hear about the passing of Queen Elizabeth II. Sincere condolences to the Royal Family from everyone at Smart Repairs across the UK.” West Lindsey District Council chairman, Cllr Angela Lawrence, said: “It is with much sadness that we have learned of the passing of our Sovereign Lady, Queen Elizabeth the Second. “My sadness at this time is shared with Members and Officers of the Council and, I am sure, all residents across the whole of West Lindsey District, as we remember with affection and gratitude the lifetime of service given by our longest-reigning Monarch of 70 years. “As a mark of respect the Union Flag will be flown at half-mast on the Council flagstaff until the morning following the funeral.” IoD director general, Jonathan Geldart, said: “It is with great sadness that we mourn the loss of Her Majesty Queen Elizabeth. “In her 70 years on the throne, the Queen showed a selfless commitment and dedication to the United Kingdom and the Commonwealth. She was loved and held in the highest esteem by the people of her country and around the world. “The thoughts of the IoD and all our members are with Her Majesty and the Royal Family at this very sad time.” Professor Peter Slee, vice chancellor of Leeds Beckett University, said: “On behalf of the staff, students and Governing Body of Leeds Beckett University, I share our sincere sympathies with the Royal Family. “Throughout her life, the Queen demonstrated a keen interest in and support for education and research both in the UK and around the world and valued the contribution of those working to support the development of others. “Our thoughts are with her family, friends and supporters at this very sad time.” Cllr Steve Beasant, mayor of North East Lincolnshire, said: “It is with profound sadness that North East Lincolnshire Council learnt of the death of Her Majesty The Queen today. “Queen Elizabeth II had served her country, Commonwealth and people loyally for more than 70 years and she is the longest serving Monarch to have overseen the United Kingdom and Countries of the Commonwealth. “Flags across the Borough have been lowered to half-mast as a sign of respect for Her Majesty’s passing.” Cedric Boston, the Chief Executive of Unity Homes and Enterprise, said: “The Queen dedicated her life to the service of people, both in the United Kingdom and the Commonwealth. “She witnessed considerable societal changes over more than seven decades on the Throne but moved with the times and was held in the warmest respect by people from all communities and ethnic backgrounds. “We are living through a particularly challenging period but Her Majesty’s presence as our nation’s figurehead was reassuring for so many and her loss will be sincerely felt. “On behalf of Unity, I extend my deepest sympathies and condolences to the Royal Family.” The Lord Mayor of Sheffield Sioned-Mair Richards said: “On behalf of the City Council and the people of Sheffield I want to express our great sadness at the news of the death of Her Majesty, Queen Elizabeth. “Our sincere condolences go to members of the Royal Family at this time of sadness and personal loss. “Her reign will be acknowledged in history as one of the greatest of all monarchs and, through years of major challenges and difficulties for the country, she retained a true sense of dignity throughout. “I recall the enthusiastic welcome given by the people of Sheffield when the late Queen visited the city in April 2015. It will be an event that many will remember for the rest of their lives and will always be a significant day in Sheffield’s history.” Adam Pye, Managing Director at John Pye Auctions, said: “Queen Elizabeth II reigned with dignity, elegance, and grace. She was constant in all of our lives. She devoted her life to this country and we have lost a truly great Monarch. An extremely sad day for us all.” Councillor Keith Aspden, leader of City of York Council, said: “Her Majesty The Queen has inspired millions of people, charities and leaders through her sense of duty and constant service. Her legacy is one of uniting people and communities through finding common ground over many decades, and it is one we must all strive to continue. “Many residents in York will remember The Queen’s visits and connections to our city, including reopening York Minster following the 1984 fire and more recently in 2012 for the Royal Maundy service. As Head of State for over 70 years, The Queen has been a part of most, if not all of our lives including, importantly, a connection to our wartime generations. As Princess Elizabeth, she served in the Auxiliary Territorial Service (ATS) during the Second World War.” Cllr Denise Jeffery, leader of Wakefield Council, said: “This is very sad news and our condolences go to the Royal family. “During her long reign, Queen Elizabeth has been a consistent presence in national life, known and recognised across the world for her devoted public service. “Many people will, over the coming days and weeks, pay tribute to her and reflect on her long life, and how it has touched their own lives. “Many residents will have fond memories of Queen Elizabeth – from her visits to the district on a number of occasions, including in 2005, when large crowds welcomed her to Wakefield Cathedral for the Maundy Thursday service. “Others will have met her through receiving recognition for their public service, and will no doubt be recalling those memories at this time. Queen Elizabeth was an inspiration to many and lived her life with unwavering dedication to this country over her long reign. Her work and her remarkable commitment to national life will leave a lasting legacy for generations to come.” Leader of Leeds City Council, Councillor James Lewis, said: “We were deeply saddened to hear the announcement from Buckingham Palace that Her Majesty Queen Elizabeth II has died. I know many of our residents will be feeling a sense of deep shock, sorrow and grief. “Her Majesty Queen Elizabeth II dedicated her life in service to this country. She is the longest reigning monarch in our history, and the only monarch many of us will have ever known; having celebrated her Platinum Jubilee marking 70 years on the throne this year. “Her late Majesty Queen Elizabeth II had a strong association and connection with Leeds and left a lasting legacy on the city and its communities during her memorable visits and occasions, which crossed different decades and generations. As well as her own family ties with the estate of Harewood, she undertook tours for her Coronation in 1952 and Silver and Diamond Jubilees in 1977 and 2012 respectively; when she also honoured the city by officially launching our Child Friendly Leeds commitment. “A number of iconic Leeds institutions were included in her royal visits across seven decades on the throne including Roundhay Park, the Burton’s Factory, Leeds Art Gallery, the Emmerdale set, Elland Road and the Royal Armouries. She also opened the Seacroft Civic Centre where she took the time to speak with residents and council housing tenants. “I’m sure that people across the city will join us at this time in paying their respects and remembering her many years of service to the city and the country. Our thoughts are with them, and with His Majesty the King and the other members of the Royal Family.”

Leeds pledging support for Future Talent to transform city economy

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Businesses together with education and skills providers in the city are being asked to make a pledge and join the new plan to transform jobs and the economy in Leeds. The new Future Talent Plan for Leeds presents a bold and ambitious new approach to bring together all elements of the employment, learning and training markets in the city to help connect people to opportunities and jobs. The aim of Future Talent Leeds is to be influenced, created, and owned by the city and be adaptable and resilient to thrive in the face of change. This collaborative approach seeks to help people, businesses and the Leeds economy to flourish in a post-pandemic environment. It also aims to contribute to the council’s climate emergency response by promoting skills and opportunities associated with the green economy through low carbon and sustainable infrastructure. The new plan is supported by Leeds City College and has already received pledges from groups including Women Friendly Leeds, 100% Digital Leeds and the West Yorkshire Green Jobs Taskforce. The Women Friendly Leeds pledge focuses on encouraging employers to be Women Friendly recruiters, while 100% Digital Leeds is committed to ensuring everyone in Leeds has equal opportunity to use digital tools, technology and services in the right way for them. The regional West Yorkshire Green Jobs Taskforce has made a series of pledges around the green economy, connecting employers to talent and encouraging progress within jobs, as well as the creation of a thousand new skilled jobs for young people. The council says the key to success of Future Talent Leeds is a focus on maximising all available resources and partnerships. Improving education, training opportunities and addressing the digital skills gap are priority elements, working with higher and further education providers as well as with health partners in the city and wider region to create and align learning and training with the skills employers are looking for. This in turn will drive up standards and boost productivity across the city economy. Deputy leader and executive member for economy, culture and education of Leeds City Council, Councillor Jonathan Pryor, said: “We are very excited to be launching Future Talent Leeds today and look forward to seeing businesses and organisations make pledges so we can all work together and shape the future of the city economy. “This about boosting our city and regional economies as well as future-proofing so everyone can maximise their potential and enjoy fulfilling working careers. “I’d like to thank everyone involved for their comments and enthusiasm to develop the plan, committing to taking on challenges head-on and embracing the future with confidence that Leeds will continue to be a compassionate, vibrant and innovative city with a strong economy for all to benefit from.” Future Talent is a major refresh of the council’s Talent and Skills plan which was published in 2017. It offers a modern approach reflective of the significant changes which have affected the local economy since, including new national government policy, extra devolved powers plus the impacts of Brexit and Covid-19 which have brought considerable changes to industry trends and ways of working. Its focus is on addressing issues such as unemployment, inclusion and diversity, digital skills and climate change whilst also ensuring support and skills are in place as the city continues to emerge from Covid-19. To inform the plan, a citywide conversation took place in two stages at the end of last year, looking at all aspects and challenges influencing jobs and the economy in Leeds. More than 1,300 contributions were received, while there were also discussions held with a wide range of representatives of all ages and backgrounds including key stakeholders and partners including those from business, education and third-sector groups.

Developers invited to share in South Yorkshire Brownfield Fund

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South Yorkshire’s Brownfield Housing Fund, currently at about £35m, is open for applications from private sector developers, Housing Associations and other housing developers from now until Friday 28th October. This funding builds upon the previous South Yorkshire Housing Fund, making it possible for SYMCA to support the delivery of a greater number of new homes. SYMCA will prioritise schemes based on how well they deliver against the principles of Stronger, Greener, Fairer, set out in its Strategic Economic Plan. The risks and overall deliverability of schemes will also be evaluated. All schemes will be assessed in accordance with the MCA Assurance Framework to ensure due diligence and value for money. Schemes that adopt innovations and/or raise the quality and standards of homes across South Yorkshire are particularly welcome. This Fund will provide opportunities to support new homes on brownfield sites up to the end of March 2025; however, SYMCA is also interested in discussing longer term housing development opportunities even if schemes do not meet the BHF criteria. Gemma Smith, Co-Chair SYMCA Housing and Infrastructure Board and MD of Strata Homes said: “In these challenging economic times, this open call for applications provides an opportunity to support and accelerate the development of much needed new homes across South Yorkshire that may otherwise not be built due to viability issues. We welcome applications from across South Yorkshire’s housing sector.” Funding is available to a wide range of public and private sector partners across the housing sector (subject to the production of a compliant Business Case, as well as Value for Money and Subsidy Control considerations). Find more information by emailing growthhub@southyorkshire-ca.gov.uk. In June 2020, the Government launched ‘A New Deal for Britain’ which is said to be the first step in the strategy to rebuild Britain following Covid-19 and fuel economic recovery across the UK. As part of this strategy, £53m of capital in total has been allocated to the South Yorkshire Mayoral Combined Authority (SYMCA) for supporting the development of over 3,300 new homes on brownfield land and through conversions, to be started on site within South Yorkshire by March 2025.

Forgemasters signs MoU which could lead to nuclear reactor deployment

Sheffield Forgemasters has signed a memorandum of understanding with GE Hitachi Nuclear Energy which could lead to the UK’s deployment of small modular nuclear reactors.

A memorandum agrees to discuss how our existing and future capabilities could help meet the potential demands for deployment of the BWRX-300 reactors. Sean Sexstone, Executive Vice President, Advanced Nuclear at GEH, said: “As the UK government aims to expand nuclear power capacity to 25 percent of the nation’s electricity needs, we are pleased to be working with an industry leader like Sheffield Forgemasters to discuss a potential supply agreement for forgings in support of the deployment of BWRX-300 SMRs. “We will also look at how Sheffield Forgemasters’ unique capabilities can help meet the growing global interest in the BWRX-300.”
“David Bond, CEO at Sheffield Forgemasters, said: “ SMRs have the potential to become a standard for civil nuclear power generation and as an emerging technology, our long track record of supplying nuclear grade components brings a wealth of technical forging experience to the market. “Sheffield Forgemasters is undergoing a transformation to Industry 4.0 manufacturing technologies, the centre-piece of which is our investment of up to £400m over ten years, to replace the company’s defence-critical assets. “We look forward to working with GEH to explore the possibilities of becoming a UK supply chain partner in the delivery of complex nuclear grade forgings into the commercial BWRX-300 SMR build programme.” Advanced nuclear technologies like the BWRX-300 are a key pillar of GE’s energy transition leadership. In addition to helping customers achieve carbon-emission goals, the BWRX-300 has been designed to achieve construction and operating costs that are substantially lower than traditional nuclear power generation technologies. The announcement follows Rolls-Royce SMR signing a £3.7m contract with Sheffield Forgemasters to enable the first development forgings to be manufactured to support the deployment of Rolls-Royce SMRs.