Lord Blunkett sets out plan to fix Yorkshire’s broken rail network

A phased plan to fix Yorkshire’s broken railways, published by Lord Blunkett, could deliver a multi-billion pound boost to the government’s growth mission. The peer’s review of rail connectivity has identified how constrained and creaking Victorian-era infrastructure is holding the region back, with train services regularly failing to meet the needs of both passengers and businesses due to poor performance and an overall lack of reliability. Yorkshire’s Plan for Rail sets out a package of investment in new and accessible stations. Alongside modern rolling stock, improved services in the short term, upgrades to unlock capacity at key stations, development of strategic schemes to transform connectivity between the North’s major centres in the long term, will be investment for housing, jobs and growth. In addition, the report calls for increased powers as part of the devolution agenda to drive change. It highlights the need for substantial government investment and support as part of the proposed 10-year infrastructure plan and spending review to be announced later this summer, with £2.4bn sought for the first phase of improvements between now and 2030 and approximately £14bn required over the next 15 years to deliver the plan in its entirety. This is in addition to the £2.5bn funding needed to bring trams back to West Yorkshire and investment for tram extension and renewal in South Yorkshire. The thrust of the report focuses on the need to deliver faster, more frequent and reliable train services by increasing capacity at Leeds, Sheffield and York stations, building a new through-station for Bradford and a mainline station at Rotherham, carrying out upgrades and electrification between Leeds and Sheffield, and increasing the frequency of services for places such as Scarborough, the Esk Valley, Penistone Line and Wakefield district’s Five Towns. Over the next decade, targeted rail investment, which will maximise the benefits of the ongoing Transpennine Route Upgrade programme being delivered by Network Rail, has the potential to add £20bn to the region’s economy, could help generate an extra 83,000 jobs, and contribute to the building of 210,000 new homes over ten years. The review is being launched in Leeds today (Friday 16th May) by Lord Blunkett, alongside West Yorkshire Mayor Tracy Brabin, South Yorkshire Mayor Oliver Coppard and York and North Yorkshire Mayor David Skaith. Lord Blunkett said: “Yorkshire has been punching under its weight for far too long, and with the White Rose Agreement and this infrastructure plan, the three Mayors are determined to reverse this historic trend. “It’s been a pleasure to be asked to pull together this credible and affordable plan, which presents a once in a lifetime opportunity to improve rail connectivity, and unlock economic growth and opportunities for all. “By taking action now, the benefits of releasing capacity, speeding up journeys, improving reliability and running more frequent services will be felt not just here, but across the North, Midlands and beyond. “It’s time to back Yorkshire.” Tracy Brabin, mayor of West Yorkshire, said: “We are incredibly grateful to Lord Blunkett for leading this vital and timely review as we work together to create a better-connected region that works for all. “A lack of investment stretching back decades has left Yorkshire with a rail network no longer fit for purpose. This is holding back ambitious growth plans for our regions which will put more money in people’s pockets. “We owe it to everyone, especially younger generations, to secure our fair share of funding so the region’s train services are suitable for the modern age, getting passengers to where they need to go, when they want to go.” The mayor of York and North Yorkshire, David Skaith, said: “Working together, we can drive real change and boost opportunities across our region. This is a credible, long-term plan to deliver the connectivity our communities need – creating better access to jobs, education and investment. “In York and North Yorkshire, that means two trains an hour between York and Scarborough, upgraded stations at Malton, Seamer and Scarborough, and a new station at Haxby. “We need to push forward with the transformation of York Station to maximise the benefits of York Central, one of the most significant regeneration sites in the country. And we need to fix the bottleneck on the East Coast Mainline at Northallerton, which has held back progress for too long. “We’re ready to build a better-connected North, creating the growth, opportunity, and prosperity our communities deserve.” South Yorkshire’s mayor Oliver Coppard said: “David Blunkett has, for the first time, made clear the problems created by decades of underinvestment across the whole of Yorkshire and given us a Plan for fixing them, working together across the whole of God’s Own Country. This is the White Rose Agreement in action. “The Plan we are launching today would address the fundamental issues we face as a region. Here in South Yorkshire we need more trains, investment in our stations, and better connections to Leeds, York, Manchester, London and elsewhere. “Ultimately, we simply want reliable, effective rail services, so we can get to work, see friends and family or just go for a night out. “Through this Plan, there is a pathway with a phased approach to fix our broken rail system. I want to see Sheffield fully electrified, a new station at Rotherham, more capacity at Doncaster and new services between Barnsley and London. “Thanks to the work of Lord Blunkett, as the three White Rose Yorkshire Mayors, we will work with the government and rail industry partners to turn this Plan into action. We’re getting Rail in Yorkshire back on track.” The White Rose region’s population now stands at 4.6m, having grown by more than half a million in the past decade. It generates £127bn Gross Value Added (GVA) for the national economy – larger than 10 European Union Countries, but is £25bn smaller than it should be. The report makes the strong strategic case for investing more in rail as part of a wider regional growth strategy and closing the productivity gap by creating more opportunities, connecting young people to jobs, providing a real incentive for potential employers to relocate, and promoting more sustainable travel. Previous studies have also shown that demand for rail across the Yorkshire and Humber region could be more than doubled if constraints such as price, performance and convenience were addressed. In particular, the leisure market has been identified as an opportunity to grow passenger numbers if services were improved as Yorkshire has a diverse range of cultural attractions, from world-class museums and historical sites to vibrant arts and cultural events, alongside stunning scenery, national parks and miles of coastline. The report sets out a plan to enhance Yorkshire’s rail network in a sustainable, affordable and credible way with a phased approach. In the first five years investment is proposed to deliver:
  • New stations at Haxby, Elland, White Rose, Thorpe Park, Rotherham Gateway, Waverley, Leeds-Bradford Airport Parkway, and Dearne Valley Parkway.
  • Business case development for a new through-station at Bradford and NPR network.
  • Station capacity at Leeds and Sheffield
  • Station upgrades at Malton, Seamer, and Scarborough
  • Platform extensions across the network
  • Leeds platform 17 extension
  • Platform 0 Bradford Forster Square
  • New/improved services for Bradford – Kings Cross, Leeds – Sheffield (fast), Sheffield – York XC (reinstated), Leeds – Goole, Bradford Forster Square – Skipton/Ilkley, Barnsley – London (peak), Wakefield and Five Towns, Penistone Line, Esk Valley, and York – Scarborough.
  • New rolling stock for Northern leading to longer trains and more frequent services.
  • Extension and renewal of the South Yorkshire tram network, and spades in the ground on West Yorkshire’s tram network.
  • Ongoing Transpennine Route Upgrade programme between Manchester, Huddersfield, Leeds and York.
A number of key challenges need to be addressed, from poor performance and reliability to slow journeys, infrequent trains and limited seats:
  • Nationally, Leeds rail station is by far the worst location across the UK in terms of total minutes delay, with Sheffield, York and Bradford Interchange also in the top 10.
  • Connectivity across the region is a challenge: for example, there are only five fast services a day between Sheffield and York, compared to four per hour between Liverpool and Manchester.
  • Meanwhile, commuters living in parts of Yorkshire cannot use trains to travel to work due to a lack of early services, while other areas have no late services for those wanting to go on a night out.
  • Poor off peak and weekend services limit journey opportunities, particularly for leisure travel and staycations.
  • Older trains not only impact service reliability, they also lead to an unattractive public transport offer. Northern Rail, which operates most of the services across the White Rose region, has an average fleet age of 23.6 years compared to 16.6 years nationally.

East Yorkshire wind energy industry service provider sold

GEV Wind Power, a specialist services provider to the wind energy industry, has been acquired by Certek in a deal led by FRP Corporate Finance. Based in East Yorkshire, GEV provides inspection, monitoring, rope-access and maintenance services to on-and offshore wind turbines across the globe. GEV’s client base includes the world’s biggest OEMs and wind farm operators. GEV has been backed by Bridges Fund Management since June 2019. FRP Corporate Finance, led by partner Dave Howes and supported by partner Ryan Symonds, director Alex Hunton and manager Liam Merritt, were appointed sell-side advisers to the shareholders, including Bridges. Certek is employee owned and was founded in 2024 by David Harrison with a mission to partner with quality businesses that have a strong compliance, safety and regulatory element to their service offering. Certek’s investment will enable GEV to grow across its core markets, continuing to support the transition to a clean energy economy. Certek is backing GEV’s CEO and founder David Fletcher and the existing management team who have led the expansion of the group over the past 15 years. Following its acquisition of GEV, Certek’s group revenue will surpass £100 million on a pro-forma basis with a pipeline of other deals in process. This transaction marks the third deal completed by FRP Corporate Finance for GEV, having previously advised the shareholders of GEV on an investment from Maven Capital Partners in 2015, and advised the management team through the exit of Maven, and secondary investment by Bridges in 2019. Dave Howes, partner at FRP Corporate Finance, said: “We are delighted to have supported GEV on their latest transaction to Certek. Having worked with GEV and the management team for over 10 years, it has been fantastic to see the business evolve into a truly global market leading service provider in the wind energy industry. The investment by Certek will enable GEV to continue their growth and innovation in the sector.” David Fletcher, CEO of GEV, said: “Our business plays a critical role in supporting the generation of clean energy, as we actively maintain the operational performance of wind turbines and help to reduce downtime. “With Certek’s backing, we will continue to increase our support infrastructure for our clients and play an active part in supply chain solutions, focusing on the consistent delivery of quality and safety that our clients demand across all key geographies where we operate.” Additional sell-side advisors included Pinsent Masons (legal support to the shareholders), Squire Patton Boggs (legal support to management), GNEISS Energy (market advisory), Ernst & Young (vendor financial due diligence) and Brinckmann (commercial due diligence).

Wakefield city centre regeneration scheme reaches final stages

Yorkshire-based developer and heritage specialist Rushbond has submitted amended plans for the 200-year-old Grade II* listed former Crown Court on Wakefield’s Wood Street, refining the original 2024 planning approval to enhance access, usability and heritage integration, and further progressing a sustainable business model. The updated designs take the vision to the next stage, paving the way for construction to begin in summer 2025. With the site on track to reopen as a creative workspace, cultural, community and leisure destination by summer 2026, this major milestone marks the final key piece in the significant civic quarter regeneration project. The new planning submission—developed by Yorkshire-based architects Group Ginger — reimagines the courthouse as a multi-use venue, a kind of modern-day ‘village hall’ for the city and underpinning the residential community of the neighbouring Wood Street Collection, currently under construction. Developed in partnership with Wakefield Council, the Wood Street Collection is a distinctive new neighbourhood that includes 63 new homes and apartments for sale and rent, delivered by Fallowdale Homes, Rushbond’s housebuilding arm. New design elements within the former Crown Court include:
  • A new accessible entrance at street level inserted into an existing window bay—creating inclusive public access for the first time.
  • A redesigned public terrace, sympathetic to the building’s Georgian stonework, softened with planters and a balustrade.
  • A layered internal layout that brings new life to each courtroom and office: from an events space in the main courtroom, to a food hall, and co-working studios for creatives, as well as workspace.
  • The first glimpse of how these architectural interventions will be expressed visually, with a CGI showcasing the exterior of the building, highlighting the blend of heritage and modern craft.
Jonathan Maud, founder and chairman of Rushbond, said: “Wakefield’s historic administrative city status means it’s got more than its fair share of heritage and architectural jewels and we’re proud to be in a position to restore one of its most dazzling, the former Crown Court, into an important destination at the heart of the city’s life once again. “Wakefield’s really starting to turn heads. This development is part of a bigger wave of change happening across the city—alongside standout projects like Production Park and Tileyard North, which are putting Wakefield on the map as a hub for creativity and innovation. “With world-class cultural gems like The Hepworth, Yorkshire Sculpture Park, together with Neon Workshops already here, and the recently opened Wakefield Exchange (WX) – a new space hosting events, street food, studios and more, there’s a real energy building. “It’s becoming a place where culture, business and community thrive—and where people can afford to live and work in a great compact, well-connected and inclusive city. That’s exactly the kind of city we want to invest in.” A newly commissioned neon sculpture from internationally acclaimed, Turner Prize-winning artist Martin Creed, entitled ‘EVERYTHING IS GOING TO BE ALRIGHT’, will be installed on the portico of the former Crown Court towards the end of 2025 with further public artworks from local artists planned for the Wood Street Collection area. Cllr Michael Graham, Wakefield Council’s cabinet member for regeneration and economic growth, said: “This is one of our city’s most iconic landmark buildings. I am extremely pleased that plans are progressing to bring this historic building back to life. I can’t wait to see it finished, with its doors open, playing an important role in the community once again. “It’s also great to see work continuing across the road from the Old Court House on another historic asset, the former Police Station. Once complete this regeneration project will create fantastic new city centre living opportunities. Ideal for people who want to enjoy the benefits of having shopping, entertainment, restaurants, and job opportunities right on the doorstep. “Rushbond have been working closely with the Council to finalise the securing of funding for these projects. The work being carried out on Wood Street is part of a much wider programme of work the Council is facilitating to support and transform our high streets. This really is an exciting time for Wakefield.”

Investment sees beer company brew expansion

West Yorkshire-based Amity Brew Co is expanding into the UK trade and overseas markets with investment from Finance Yorkshire. The company – founded in 2020 during the Covid lockdown – is opening a new production facility in Bradford to increase the supply of beers to its existing taproom in Sunny Bank Mills, Farsley. The £150,000 investment from Finance Yorkshire’s loan fund will support Amity Brew’s fit out of the new brewing operation at Albion Mills in Greengates. The increase in brewing capacity will also enable the company to increase its sales elsewhere, including the supply of new markets in Europe, Asia and Scandinavia. Amity Brew was founded by experienced beer experts Rich Degnan and Russell Clarke. Rich said: “We are ambitious to expand our offer to customers across West Yorkshire as well as further afield. With the support of Finance Yorkshire, our new brewery operation will enable us to stay true to our vision of community, friendship and good beer while extending our reach to a much wider customer base.” Finance Yorkshire’s investment has also enabled Amity Brew Co to strengthen its team with the appointment of Josh Waldock as sales and events manager. A well-known figure in the craft beer industry, Josh brings over a decade of experience and a passion for connecting people and building relationships. “My journey started behind the bar where I developed a deep appreciation for the art of brewing and the stories that come with every pint,” said Josh. “Whether it’s collaborating with like-minded breweries, organising unforgettable events or exploring new ways to grow, I’m all about making meaningful connections that drive results. I’m excited to be part of Amity as we build something special in Bradford and beyond.” Alex McWhirter, CEO of Finance Yorkshire, said: “In a short space of time, the Amity Brew team have established a solid and exciting brand which is ready to broaden its appeal to a larger home and a new and developing overseas market. “Finance Yorkshire is looking forward to supporting Amity with investment for its new brewery and equipment which will help fulfil the team’s enthusiastic growth ambitions – particularly as a community-orientated business.”

£10m mixed-use farming estate with commercial income potential up for sale

A 878-acre mixed-use agricultural estate straddling Nottinghamshire and Lincolnshire has been listed for sale at nearly £10 million, presenting an investment opportunity for commercial and agricultural buyers.

The property includes Cowsland Farm and Lea Marsh Farm and is being marketed by Bidwells. It is available as a whole or split into four lots, offering flexibility for various acquisition strategies.

The estate features a combination of arable land, pasture, a residential farmhouse, and commercial buildings currently generating income. It has been under long-term ownership and professionally managed through local farming agreements.

The land is arranged in two main blocks: one near South Leverton in Nottinghamshire, and the other south of Gainsborough in Lincolnshire, alongside the River Trent.

Lot 1 spans 12.5 acres and includes a large farmhouse now tenanted, along with commercial buildings currently leased to Cranswick Pet Products, providing ongoing rental income.

Lot 2 consists of nearly 290 acres of arable land used for typical crop rotations such as wheat, barley, maize, peas, and oilseed rape. Fields are configured to suit modern machinery.

Lot 3, Forwood Farmland, is a standalone 92.5-acre arable block located near Treswell Wood. It offers scope for further agricultural or environmental use.

Lot 4, Lea Marsh Farm, is the largest portion with 484 acres primarily of pastureland and one arable field. Its riverside location and environmental characteristics may appeal to buyers pursuing biodiversity or natural capital projects.

The estate combines commercial, residential, and environmental value streams, making it suitable for diversified rural investment portfolios or strategic land acquisition.

GTCR to acquire Leeds-based broker JMG Group

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Private equity firm GTCR has agreed to acquire JMG Group, a rapidly growing UK-based insurance brokerage, in partnership with existing backer Synova LLP. The transaction is expected to close in Q3 2025.

JMG, headquartered in Leeds, primarily provides insurance and risk management services to SMEs and high-net-worth individuals. Since its launch in 2020, the firm has scaled to over 750 staff and more than £350 million in annual gross written premiums. Its growth has been driven by a buy-and-build strategy, acquiring regional brokerages and enabling them to grow through a centralised support platform.

This investment marks another move by GTCR to deepen its exposure to the insurance sector, following previous deals involving Alliant Resources, AssuredPartners, Premium Credit Limited, and other businesses across the insurance value chain.

The management team at JMG, led by CEO Nick Houghton, will retain a significant equity stake and continue to run the business. The new ownership aims to accelerate JMG’s M&A activity and organic expansion across the UK.

Advisors on the transaction included Morgan Stanley and Jefferies for financial advisory, and Kirkland & Ellis for legal counsel.

Sharp fall in women-led business registrations in UK’s major cities raises structural concerns

New figures reveal a steep year-on-year decline in the number of businesses registered by women across the UK’s largest cities. Despite overall growth in new company registrations nationwide, female entrepreneurship has markedly contracted, signalling potential structural issues in access, support, and funding.

According to the latest analysis from Instant Offices, the number of women-led companies registered in 2024 dropped significantly in eight of the UK’s ten largest cities compared to the previous year. Bristol saw the most dramatic fall, down 57%, followed closely by Leicester (–56%), Glasgow (–54%), Leeds (–52%), Birmingham, and Liverpool (both –51%). Even London, the country’s economic engine, recorded a 48% reduction.

This trend comes despite the government’s goals to increase the number of female entrepreneurs by 600,000 by 2030. The reversal suggests that existing initiatives may not translate into results on the ground.

The study highlights key inhibitors, including limited access to funding, underrepresentation in investment decision-making, and the enduring gender pay gap. Only 2p of every £1 in UK equity investment currently goes to all-female founding teams, a figure that has not improved over the past decade.

Although total company registrations in some cities grew in 2024, the disproportionate drop in women-led firms underscores systemic hurdles rather than a broader economic slowdown. The data suggests a need for tailored investment vehicles, expanded mentoring networks, and more inclusive funding structures if the UK intends to meet its long-term targets for entrepreneurial diversity.

Evri and DHL UK ecommerce merge to create logistics heavyweight

Parcel delivery firm Evri has merged with DHL’s UK ecommerce division in a move set to reshape the UK logistics market. The combined operation, now known as Evri Group, brings together over 42,000 workers, including 30,000 couriers and van drivers, positioning the firm as one of the largest players in the country.

Under the agreement, DHL Group takes a significant minority stake in Evri, while private equity firm Apollo remains the majority shareholder following its £2.7 billion acquisition of Evri in 2023.

The newly formed entity will handle over one billion parcels and letters annually. It also marks Evri’s entry into the UK business letter market, heightening competition with Royal Mail and potentially introducing more cost-competitive alternatives for enterprise-scale clients.

The combined group aims to improve service levels by integrating Evri’s high-volume infrastructure with DHL’s premium van network. This promises increased efficiency and scalability for UK retailers and e-commerce platforms.

Yorkshire charities in need to be matched with businesses for free, expert help

A Yorkshire businessman has launched a new non-profit brand, which aims to plug the gap between charities in need and companies that are willing to help them for free. Chris Worthington has established Cause Matcher, an online platform for good causes in the region to find willing volunteers to fulfil their support requirements. From IT, marketing and recruitment to assistance with electrics, plumbing, maintenance and everything in between, Cause Matcher is a platform for charities to use to identify businesses and skilled volunteers that can help them. After working in recruitment for 21 years’, Chris found himself wanting to find a way he could support local non-profits and give back. Chris said: “After working in recruitment for more than two decades, I came to the realisation that I could do far more with my time and skills to help local good causes and make a real, lasting impact. “I quickly identified the need for a central resource that both Yorkshire-based charities and businesses willing to help them could utilise to bring them together and help them collaborate for the greater good – and so, Cause Matcher was born! “Cause Matcher’s mission is focused on supporting local businesses and skilled volunteers in working with local worthy causes that need their help. Rather than asking for monetary donations, the impact of which is difficult to accurately measure, Cause Matcher allows people to donate their time and skills, which are often more beneficial.” With almost 20 Yorkshire-based charitable organisations, companies and volunteers already signed up to Cause Matcher, and even more on the cusp of becoming members, Chris hopes that it will become the go-to resource for willing businesses and in-need good causes to come together and support one another.

Rotherham Council outlines five-year plan to support local business growth and infrastructure

Rotherham Council has announced a new five-year strategy focused on local economic development, infrastructure upgrades, and community investment. The strategy clearly emphasises supporting businesses and enhancing the region’s competitiveness.

The strategy, known as “Forging Ahead,” will be presented to the Cabinet on 19 May 2025. If approved, it will guide council actions through 2030. Key priorities include boosting the borough’s business infrastructure, improving transport connectivity, and driving local procurement.

Among the highlights is an £8.4 million investment in the Templeborough Business Zone, designed to create new commercial spaces and jobs. The Council is also progressing plans for a mainline rail station at Parkgate to enhance regional and national connectivity—an initiative expected to benefit freight logistics and commuter access.

The plan includes initiatives to support local enterprises, such as strengthening supply chains, encouraging local spending, and delivering targeted business support programmes like “Go for Growth.”

Investment in public spaces is also central. A £4 million “Our Places” programme will focus on improving town and village gateways. In contrast, upgrades to public parks and the creation of 400 homes in the town centre aim to make Rotherham more attractive to residents and businesses.

From a workforce and community development perspective, the plan includes support for new families, facilities for young people, and expanded housing options for adults with complex needs, measures intended to boost workforce participation and community wellbeing.

A new Street Safe team will be introduced to address antisocial behaviour and improve perceptions of public safety, which often affects high-street businesses.

The Council sees the plan as a continuation of progress made since 2021, including road improvements and significant cost-of-living support. If adopted, “Forging Ahead” will serve as a roadmap for aligning public investment with private sector growth.