University of Leeds food tech spinout secures £3.5m investment

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Northern Gritstone has led MicroLub’s combined £3.5 million Seed round, making a £1.8 million investment into the ingredients technology company that replaces fats and oils with water without losing ‘mouthfeel’.

MicroLub, a University of Leeds spin-out, has developed a new ingredients technology that addresses key consumer demands for lower-calorie and sustainable food options.

Fats and oils make foods texturally appealing and tastier by adding ‘lubricity’ and a ‘creamy’ mouthfeel. However, they also add calories. With obesity contributing to a projected global annual health bill of $4.3 trillion, and over half the world’s population on course to be overweight or obese within the next decade, MicroLub is addressing the need for less-calorific healthier alternatives.

MicroLub also aims to contribute to sustainability by supporting the alternative protein industry in making plant-based foods less astringent.

The spinout already has strong traction with some of the largest food and food ingredients companies and with retail sales of reduced-fat dairy and plant-based food products in Europe, the US and the UK alone worth more than $120 billion, the market opportunity for MicroLub is significant.

The company was founded by Anwesha Sarkar, Professor of Colloids and Surfaces at the University of Leeds and Director of Research and Innovation for the School of Food Science and Nutrition. Anwesha is also Project Leader of the newly created National Alternative Protein Innovation Centre where MicroLub is a partner company.

Duncan Johnson, CEO of Northern Gritstone, said: “Northern Gritstone is delighted to support MicroLub’s world-class team. Obesity is a challenge in many countries reducing the quality of life of an individual and often shortening it. MicroLub shows that innovation coming out of the University of Leeds has the potential to help solve these global challenges.”

Professor Anwesha Sarkar, Founder of MicroLub, said: “When we discovered the technology and tested lubricity, we knew it had many potential applications, which we can now explore with this investment led by Northern Gritstone.”

David Peters, CEO of MicroLub, said: “There is a huge market opportunity in food for MicroLub. We already have strong traction with ingredients giants and some of the largest food and dairy companies, who are looking for innovative ways to make their products healthier, more nutritious and more sustainable. I am very excited at the journey ahead with our customers.”

Professor Nick Plant, Deputy Vice-Chancellor: Research and Innovation at the University of Leeds, said: “This groundbreaking research is addressing a major global challenge while placing the UK at the forefront of the quest to reduce health inequalities. We are proud of our track record of transforming academic research into commercial success.”

Ripon’s historic Spa Baths to be brought back to former glory in £2m scheme

The future of Ripon’s historic Spa Baths has been secured, three years after the building was closed and a new swimming facility opened in the city. The Grade II listed building opened in 1905 and has seen generations of families learn to swim there. Local family – the Sternes – have now bought the building from North Yorkshire Council with plans to return the property to its former glory, bringing in new visitors and residents to the city. In a privately funded scheme costing more than £2 million, Sterne Properties will create hospitality led commercial units, four luxury apartments and a publically accessible open courtyard on the site while restoring and retaining its original Edwardian frontage. As much original building material as possible will be salvaged and reused in the development. Deputy leader, Cllr Gareth Dadd, who also has responsibility for finance and property, said: “Sterne Properties was selected as the preferred purchaser for this building because of its positive plans for the future of the site. “Ripon’s Spa Baths were the last of their kind to open in England and we wanted to be sure this listed building was preserved for the city. Robert Sterne and his team have very exciting plans for the building which fits into our focus on the regeneration of our town and city centres and the repurposing of buildings. “It will breathe new life into this historic building and into this area of the city as it brings new people into its hospitality units. I am looking forward to seeing the scheme come to fruition.” The building opened when Ripon saw the success Harrogate was enjoying as a spa town. Spa water was pumped four miles from Aldfield with customers served from a basin in the elaborately tiled entrance hall. The swimming pool was added in the 1930s at the edge of the Spa Gardens.
Sterne Properties specialise in rejuvenating and repurposing redundant and semi-derelict buildings in the company’s home city of Ripon. Managing Director, Robert Sterne, said: “This is an exciting project for our business – as a local family we are passionate about conserving Ripon’s heritage whilst encouraging new and exciting businesses to operate in our city. This scheme will continue the resurrection of the city’s spa quarter. “We want to roll the clock back to when the spa baths were built – the original façade will be restored so it looks just as it was intended to look in the early 1900s. “By opening up the south elevation and creating a rear courtyard the Spa Baths will once again work as it was originally designed. For example, natural light will flood the pump room through the stunning stained glass panels. This is something that hasn’t been seen since the 1930s. “Our architect, Andrew Burningham, has worked meticulously on this scheme which has resulted in a sympathetic and deliverable plan to preserve and enhance the spa baths.”
Member Ripon Ure Bank and Spa division, Cllr Barbara Brodigan, added: “The long-awaited sale of the Spa Baths to Sterne Properties is good news for Ripon, as they have a good track record in sympathetic preservation of traditional buildings in the city. “The proposals for development of this iconic building are most welcome and will contribute to the aesthetic and economic development of the Spa Quarter.” Her colleague, Ripon Minster and Moorside division ward member, Cllr Andrew Williams, added: “I am delighted that the building is going to be brought back into use rather laying to rot and decay next to the Spa Gardens. “I have no doubt that the developer who has a proven track record of delivering many other projects successfully across Ripon will do a first class job and I look forward to seeing the finished scheme which will complement the newly refurbished Ripon Inn and Ripon Spa Gardens and play a major role in the regeneration of Ripon.” The spa baths were closed when the Jack Laugher Leisure and Wellness Centre was opened on Dallamires Lane.

Owner to remove dangerous Sheffield City Centre façade

The owner of a Sheffield City Centre façade in danger of collapsing, has started work to remove it. Contractors, working on behalf of Sheffield City Council, had started work to remove the Tudor-inspired design, in Haymarket, however, the owner of the former Wiley & Co frontage, has now requested that they carry out the work themselves. Recent assessments of the condition of what remains, undertaken on behalf of the Council, had determined that it was in immediate danger of collapsing, posing a real risk to the public. Discussions have since taken place between the owner of the façade, the City Council and the Health and Safety Executive, with the Council requesting the materials making up the frontage are recorded when they are removed and stored safely, when possible, for future reuse, in line with the original plans. Cllr Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “I welcome the owner of the façade coming forward and offering to remove the dangerous structure. Given the fragility of the façade it remains vital that this is carried out as quickly and, more importantly, as safely as possible. “Given the importance of the façade, we have requested the owner removes the structure in such a way as to record it as extensively as possible and stores the historically important elements for possible reuse. We hope this is something the owner is willing to do.” Preparation work to ensure safe access to the site had already been carried out by contractors on behalf of Sheffield City Council. The owner is expected to begin the process of removing it in the coming days.

Reward Funding appoints head of treasury as key part of strategic growth plan

Reward Funding has appointed Tom Dundas to help establish a new treasury function within the business as it gears up for further significant growth. With over 15 years’ experience in finance and treasury, Tom will be responsible for all aspects of Reward’s treasury management and forecasting, while also playing a vital role in further developing relationships with Reward’s ever-expanding roster of institutional funding partners. Bringing in an experienced professional with Tom’s specialist expertise and track record marks another important stage in Reward’s plan to build a high calibre management team capable of leading the business through its growth strategy. Tom Dundas, head of treasury for Reward Funding, said: “Being given the opportunity to establish a treasury function and help further develop the financial strategy for such an established and dynamic lender as Reward is an exciting challenge for me and a major milestone in my career. With the business on a rapid growth trajectory and recently announcing its new brand launch, I couldn’t have joined at a better time.” David Harrop, Reward Funding’s group finance director, added: “As the business grows, we continue to widen our institutional funder base and access to capital. We feel now is the right time to bring in a treasury expert, and we are delighted to welcome Tom to the team. He brings a wealth of experience and will be key to developing the function, enabling us to drive further growth within the alternative funding space.”

East Yorkshire nursery group sold to Kids Planet

Specialist business property adviser, Christie & Co, has sold Tiptoes Nursery Group, a portfolio of seven day nursery settings located around East Yorkshire. Originally founded in 2009 by the current owners Paul and Helen Gilson, Tiptoes is an established day nursery group that has steadily grown in reputation and size to now provide childcare for over 700 children across seven freehold purpose-built properties located in West Hull, East Hull, Hessle, Willerby, Sutton, Goole and Bricknell Avenue. Helen and Paul embarked on their journey of starting a nursery business, with their very young children, Jack and Lucy, who were their first customers and the inspiration behind their venture. As they nurtured their dream into a thriving group, the decision to sell the business was not an easy one; it came with mixed emotions of nostalgia and excitement for what lay ahead. Following a confidential sales process with Nick Brown at Christie & Co the group has been sold to Kids Planet Day Nurseries, which now owns 213 settings across the UK. Helen and Paul Gilson, former owners of Tiptoes Day Nursery Group, said: “Partnering with Kids Planet has transformed what could have been a challenging transition into a truly pleasurable experience. “Their professionalism and genuine commitment to integrating Tiptoes into their group, made the process seamless, allowing us to feel confident that our beloved business was in safe hands.” Clare Roberts, CEO at Kids Planet, said: “Tiptoes is a fantastic group of purpose-built settings, expanding our presence in East Riding of Yorkshire and Hull. We are delighted to welcome these seven nurseries and their wonderful teams into the Kids Planet family. We look forward to supporting all of the teams, children and families moving forwards.” Nick Brown, Director & Head of Brokerage – Childcare & Education at Christie & Co, said: “I first met with Paul and Helen in 2016 when they were looking to expand, and we have kept in touch since then. “It was only this year when they were looking to re-assess where they were at that we had a more in-depth look at where the business and the market were in terms of potential value. This then triggered a highly confidential sales process and it’s been a delight in working with them both. “They are a buyer’s dream because they have been super-efficient in providing all the information a buyer could want. This is an exceptional group that they should be very proud of, and we are delighted to have brokered their sale to Kids Planet who I am sure will continue to build on the excellent work they have achieved over the years.” Tiptoes Day Nursery Group was sold for an undisclosed price.

Housebuilder secures land for 114 homes in Market Deeping

Housebuilder Allison Homes East has acquired land in the Lincolnshire town of Market Deeping, where a total of 114 new homes will be built. The site will be situated off Towngate East and split over two phases, totalling over 10 acres, and form part of Allison Homes East’s existing Beaufort Grange development, which sold out in 2022 in nine months. The new phases of the development, which will now be called Beaufort Gardens, will provide a total of 114 two, three and four bedroom homes. 74 will be available through open market sale and 40 will be affordable homes. Allison Homes East will also be providing in excess of £650,000 worth of S106 contributions, which will go towards supporting the existing community and education services. Construction work on the site is due to commence in January 2025, with the first homes expected to be complete in August 2025. Sophie Kendal, Land and Partnerships Director at Allison Homes East, said: “We are incredibly proud to have acquired this land in Market Deeping and to be returning to our successful Beaufort Grange development. “Beaufort Gardens will deliver 114 high-quality homes, as well as a host of new employment and apprenticeship opportunities for local people. We are looking forward to commencing construction work early next year and to welcoming new residents into our already established community.”

360 Chartered Accountants names a trio of new hires

Three new members have been appointed to the team at Hull-based 360 Chartered Accountants. Niall Daysh joins the firm as a senior corporate portfolio manager, Mia Farrell as a trainee accountant, and Ellis Horrobin as an apprentice. Niall qualified as a chartered accountant two years ago and previously worked at a firm in Lincolnshire. Up to now his focus has been on tax planning and efficiency for owner managed businesses, helping clients in a wide number of industries, including dentistry, hospitality, property, manufacturing, retail and construction. He will now manage and help develop the 360 accounts team, while looking after a portfolio of clients. He is due to complete his CTA qualification to be a Chartered tax advisor next month. Mia Farrell arrives at 360 after relocating to Hull from Scarborough. A trainee accountant, she is midway through her AAT qualifications. Meanwhile, Ellis Horrobin attended 360’s first ever careers evening in February. He is now the firm’s new apprentice accountant, having recently completed his A Levels at South Hunsley school. Andy Steele, Founder of 360 said: “After a period where we have found recruitment rather challenging, we are pleased to have a full team again with spare capacity to cope with the growth we are currently experiencing.” “It is important to us to have a team where every person shares our core values. For us, at 360, that includes giving back to the local community and going the extra mile for clients. That is the team we have today and that’s why we continue to grow and be successful.”

Harrogate BID launches this year’s appeal for new board members

Harrogate BID has launched the application process for members of the town’s business community to join its Board of Directors for the coming year.

Each year the Business Improvement District offers the chance to business owners and representatives to put themselves forward to join the BID Board.

The BID wants to give every levy-paying business an opportunity to take part in the process of joining the 2025 Board, with applications now open until 5pm on Wednesday, November 6th.

Sara Ferguson, Harrogate BID Chair, said: “It’s important that all sectors within Harrogate’s business community are represented fairly on our Board. Our directors, including myself, are very passionate about continuing to improve our town centre and we want the right people involved to continue to do so.

“It’s a fantastic opportunity to not only make sure the voice of business in Harrogate is heard, but to input ideas and advice as we strive to ensure our town continues to thrive.”

Requirements of becoming a director include having the time to devote to the BID activities, being totally committed to the aims of the BID, willing to make bold decisions and wanting to see Harrogate town centre thrive.

The BID team meet with the Board on a monthly basis in different locations to discuss plans, proposals and projects as the organisation moves forward with its overall Business Plan and objectives.

 

Sheffield Chamber names it s business award winners

Sheffield Chamber has revealed the winners of the Business Awards 2024 at an event at the city’s Octagon Centre. Building on the success of last year’s event, which saw the dress code return to black-tie, the introduction of several new awards and an ambitious overhaul of the judging system, this year’s event was bigger and better still. Th event was organised by Sheffield Chamber of Commerce and supported by Chamber Patron and Headline Sponsor The University of Sheffield. Winners from across 16 categories were announced by special guest host, Ben Hanlin, TV presenter and magician Louisa Harrison-Walker, Chief Executive of Sheffield Chamber of Commerce, said: “Last night’s Sheffield Business Awards, hosted by our generous sponsors at The University of Sheffield, were a celebration of resilience and positivity in our city, showcasing the incredible talent held within our very own region. “We celebrated a diverse range of businesses, organisations and individuals that collectively make Sheffield the incredible place that it is. To all those organisations that were shortlisted, and to all those who took home awards, you embody the very best of Sheffield and contribute to making our city the best place in the UK to start, grow or run a successful business.” The winners:
  • The Spirit of Sheffield Award (sponsored by B. Braun); Sheffield DocFest
  • The Community Impact Award (sponsored by Secure Power); St Vincent De Paul Furniture Project
  • The International Trade Champion (sponsored by Newable and UK Export Finance): Pricecheck
  • Outstanding Contribution to Employee Health and Wellbeing (sponsored by Sheffield United Community Foundation); Jenx
  • The Equality, Diversity and Inclusion Champion (sponsored by British Business Bank); Business Sheffield
  • Outstanding Contribution to Workforce Development (sponsored by Opportunity Sheffield); Dalton Roofing Ltd
  • The Environmental Impact Award (sponsored by Irwin Mitchell); Food Works
  • The Brand Campaign of the Year (sponsored by UniHomes)
  • St Luke’s – The Moor
  • The Inspirational Leader of the Year (sponsored by Auditel); Rachel Abbott, Cobra Sport
  • The Leading through Innovation Award (sponsored by Wake Smith Solicitors); Pendo
  • Small Organisation of the Year (sponsored by Business Sheffield); The Green Estate CIC
  • Medium to Large Organisation of the Year (sponsored by Ogilvie Fleet); STEPS Rehabilitation
  • The Collaboration Excellence Award (sponsored by The Clear Group); Sheffield United Community Foundation
  • The Learning Champion of the Year (sponsored by The Sheffield College); Solomon Maragh, OSL Cutting Technologies (Rotabroach)
  • Start-up Organisation of the Year (sponsored by North East Business Resilience Centre); Verticode

Trading Standards team wins award for uncovering £400k ‘fake gold’ scam

The discovery of a jewellery scam worth £400,000 has helped net Hull City Council’s Trading Standards team a prestigious national award. Suspicions were raised in 2023, over a Hull-based online trader selling large volumes of ‘gold’ chain from a home address. The team investigated and found the chains were in fact cheap metal, cut from a reel of chain and stamped with a fake hallmark. The counterfeit jewellery seized from the property would have been sold for £400,000, to customers believing they were buying genuine gold. Trading Standards officers worked closely with the Sheffield-based Assay Office, one of four in the country. The Assay Office tests precious metals to prove authenticity, and is the only UK authority which can carry out hallmarking. Tests by the body proved the seized chains were cheap fakes, and that any hallmarks were not genuine. The team scooped the prestigious Touchstone Award for their work, presented by the British Hallmarking Council. They were also commended for their innovative work with the Natural Diamond Council to ensure retailers are making it clear when diamonds are natural, and when they are lab grown. Cllr Charles Quinn, whose portfolio includes Trading Standards, said: “The team have been rightly recognised for their committed and innovative work. They’ve got fantastic results and importantly, protected the public from falling victim to this scam. “It can be very difficult for people to know what they’re buying is genuine; determining something is a fake, particularly when it includes a hallmark is really hard. This work protects customers and also reputable retailers, who may lose trade to slightly cheaper fakes. “It’s fantastic the effort and innovation has been recognised. Much of the work teams like Trading Standards do can go unnoticed, but it’s happening every day and helping ensure goods people buy are safe and genuine”. Noel Hunter OBE, Chairman of the British Hallmarking Council, who presented the team with the award, said: “Work like this is so important because the jewellery industry is misunderstood. It’s thought of as something elitist or the province of the rich, but the vast majority is bought by ordinary people, usually to mark special moments. “Gold and silver are very difficult to judge for an ordinary citizen, so it’s only work like this which uncovers counterfeit items. Hallmarking is actually one of the oldest forms of consumer protection in the UK and a genuine hallmark confirms the authenticity of a piece of jewellery. “What the team have done is hugely important, not just for customers but for the local economy. Many retailers are small companies, impacted by Brexit, covid and internet sales. It’s hard to compete and hard to export, so tackling the threat of those selling counterfeit goods is vital. I congratulate them on their important and innovative work”.