Sunday, May 11, 2025

Building owner given notice to make Leeds buildings safe

The owner of an historic building on Lower Kirkgate in Leeds has been given 28 days to make it safe. The dangerous state of the building, owned by City Fusion, has caused the road to be closed, but now the city council has been given permission to issue an urgent works notice  covering that and five other historic properties on the same street which are at risk of collapse or further serious deterioration.
City Fusion has 28 days from the serving of the notice to begin a programme of structural work to make the buildings safe. If it doesn’t, the council can carry out the work before seeking to recover the cost of doing so from the owner. The serving of the notice comes as the council explores the possibility of buying a number of the historic properties owned by City Fusion on Lower Kirkgate. Should these proposed market-value acquisitions go ahead, the council intends to bring the currently-derelict buildings back into beneficial use.

Trade associations unite to call for consultation over inheritance tax changes

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More than 30 trade associations have joined forces through an open letter to the Chancellor calling for a full and formal consultation on the proposed changes to inheritance tax.
Collectively, these associations represent more than 160,000 family businesses, who warn that the changes to agricultural property relief and business property relief announced in the Autumn Budget will have ‘a severe and long-lasting impact on these businesses and the livelihoods of the millions of people they employ’. In the open letter, published by Family Business UK, leaders warned that the policy changes will ‘starve’ these businesses and the economy of much-needed investment, ‘leading to forced, premature business sales and the loss of jobs in constituencies across the country’. They add that BPR and APR ‘are not loopholes’ but measures that exist to ‘allow profitable businesses to continue trading, without penalty, when the owner dies’.
Economic impact analysis commissioned by FBUK and produced by CBI Economics has revealed that between 2026/7 – 2029/30 the changes to BPR could reduce economic activity by £9.4bn, lead to more than 125,000 job losses – including among the SMEs the government is trying to support and protect – and result in a net fiscal loss to the Exchequer of £1.25bn. The NFU’s own impact analysis, produced in consultation with former Treasury and Office for Budget Responsibility economists, found that 75% of commercial family farms will be above the £1m threshold. NFU President Tom Bradshaw said the Family Business UK letter further showed just how poorly thought through the inheritance tax changes were. He said: “As a signatory of the letter, alongside 31 other trade organisations representing the industry and associated businesses, we strongly echo the sentiment that the proposed tax could have far reaching consequences for the broader economy, employment and public finances. “No one thinks this is a good policy, not even the government’s own advisers. It’s time for Treasury to listen to farmers and the multiple other organisations calling for these proposals to be opened up for consultation.” CEO of Family Business UK Neil Davy said: “The model of family business ownership is unique. It powers the entire economy from farming to finance and everything in between. This letter, and those who have chosen to sign it, are testament to just how widespread family ownership is, and how committed we are to speak up on behalf of our members. “Already, family business owners are taking decisions to withhold planned investments and are putting recruitment on hold.” According to CBI Economics, family businesses mitigating the cost of a potential future Inheritance Tax bill would be most likely to reduce investment and employment leading to an:
  • average reduction in investment of 16.5%
  • average reduction in headcount of 10.2%
  • average loss of turnover of 7.4%.

Hull and East Yorkshire Business Board names its first chair

Ideal Heating COO Jason Speedy has been appointed as the first chair of the recently-formed Hull and East Yorkshire Business Board. He is taking on the leading role as a figurehead of the Board supporting and advising the development of the economic priorities of the new Hull and East Yorkshire Mayoral Combined Authority. Made up of of 22 influential business leaders from across the region, alongside the two local councils, the Board is providing input into strategic decision making, including the delivery of a £400 million investment fund secured as part of the devolution deal with the Government. Jason joined Ideal Heating as COO in November 2019, and previously spent over 20 years with Siemens. He said: “The Business Board was created to bring together private and public sector leaders, to help shape the region’s economic growth strategy and ensure we have a single, clear voice representing our diverse business community and advising the new Combined Mayoral Authority. “I’m honoured to have been appointed chair of the HEY Business Board, at a hugely significant time for our region. “Devolution represents a transformational opportunity to unlock major inward investment and growth in areas such as employment, skills and innovation. “As a leading business and large employer rooted in Hull and East Yorkshire, we at Ideal Heating are committed to playing our full part in forging a prosperous future for the region and unlocking all of the exciting opportunities offered by devolution.” The Business Board is one of two recently formed strategic groups providing support to the new governance structures of the Hull and East Yorkshire region, alongside a Skills Board. The forst elecrtinos to the new authority will take place on May 1st next year.

Yorkshire Building Society converts car park to solar power station

Yorkshire Building Society is installing solar panels in the car park of its Bradford HQ to support its target of reaching Net Zero in its estate by 2035 and saving at least £100,000 every year. It’s using space in its car park at Yorkshire Drive on Rooley Lane to install solar carports,  ground-mounted canopies with slightly angled roofs that are ideal for solar panels. The shape of the carport will optimise the energy they generate while providing shelter for parked cars. The electricity generated will be used on site, helping the Society to reduce its carbon footprint. The solar panel installations, which will complement existing rooftop solar panels installed in 2014, will help to reduce the need for electricity from the grid, which will cut down carbon emissions. Alice Sweeting, Senior Manager, Environmental Sustainability for Yorkshire Building Society said: “In our mission to build a greener society, reduce our carbon dioxide emissions and reach Net Zero in our property estate by 2035, we’re installing solar carports in two of our car parks at Yorkshire Drive. “As well as providing useful sheltered parking for colleagues, the carports will provide a space-efficient way to generate our own energy which will complement the renewable energy we already source through the National Grid. “This is one of a number of retrofit activities we have undertaken, underway or planned for our estate that will support our journey towards Net Zero in our property estate.” The installation was supported by Energy Efficient Solutions Group.

South Yorkshire site chosen for low carbon homes pilot project

Kiveton near Rotherham has been chosen as the trial site to trial a new low carbon homes project partnership involving British Gas, Strata, and heat pump manufacturer, Daikin.

In anticipation of The Future Homes Standard, customers will move into new build homes fitted with a full range of the latest low-carbon technology at no extra cost to the housebuilder or owner. The homes will be equipped with a 6-8 kWh air source heat pump, 4 kWh solar panels, 5 kWh battery storage, Hive electric vehicle charger and thermostat. The first trial phase will launch at a Strata’s “Breathe” development site in Kiveton, Rotherham. As a thank you for participating in the pilot, British Gas is giving homeowners access to a fixed rate tailored British Gas tariff. Each home will be fitted with a Hive hub, which connects to the WIFI network and acts as the home’s operating system, integrating all the sustainable technology. The customers energy and heat schedules and budget will be optimised by the Hive Hub for further savings. When the customer connects to Hive’s app they will be able to control and maximise efficiency by setting schedules and spending budgets and allowing the Hub to help them reduce their bills. Catherine O’Kelly, Managing Director at British Gas Energy, said: “We are delighted to have worked with Strata to create a new homes proposition that is not only sustainable, but scalable. Through this partnership, we are empowering homeowners with the latest green technology and providing them with more control and transparency over their energy usage. “Our proposition will allow new build development sites to equip their properties with the very best low-carbon technology, meet new legislative requirements and deliver energy-efficient homes that are fit for the future. This is all part of our ambition to energise a greener, fairer future.”

Two more sentenced over illegal waste site in Lincolnshire

Two men have been sentenced for allowing the operation of an illegal waste site on their land in rural Lincolnshire, and doing nothing to prevent it. Marc Greenfield and James Baggaley are owners of the illegal waste site on Fen Lane, Long Bennington, and were sentenced at Nottingham Crown Court. Greenfield (46) was sentenced to 19 months in prison, and Baggaley (39) was sentenced to 20 months in prison, both suspended for 18 months.  They have also been ordered to remove the waste from their land by September 2025, at an estimated cost of £2.5 million. They are the latest defendants to be sentenced in the case, bringing the total so far to 11 people, including three family members who controlled the illegal waste site. Sentencing them, His Honour Judge Coupland found that their offending was deliberate: they both lied to residents and tried to conceal the activity, while Greenfield also lied to investigators. The judge found that the highest level of harm had been caused, with the site changing from a grassed area to a ‘smoking wasteland’ which put nearby residents at harm from toxic fumes. The investigation, named Operation Lord, saw Environment Agency officers spend months building a picture of evidence of the illegal waste site. Intelligence revealed lorry-loads of shredded waste were regularly being accepted onto the site the size of a football pitch. Waste was burned daily and buried. This activity intensified during the first Coronavirus lockdown in March 2020, and so action was taken to bring it to a halt. Environment Agency officers conducted a raid on the site in April 2020 with Lincolnshire Police. Two arrests were made, and they seized an excavator and a lorry which were actively depositing more waste at the site when officers arrived. Leigh Edlin, Area Director for Lincolnshire and Northamptonshire, said: “This was a serious illegal waste site which was highly organised and involved multiple offenders. Those involved sought to profit from Covid restrictions at the cost of the environment and by inflicting misery on the local community. The site and its operators had a major impact on legitimate businesses and our regulatory work.

“Our enforcement teams will continue to tackle serious illegal waste crime by working with partners such as Lincolnshire Police, fire services and councils, as we did in this case to hold those responsible to account.”

Interest rates left unchanged

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The Bank of England has held interest rates at 4.75%, in line with expectations following the further rise in inflation announced yesterday. The Monetary Policy Committee (MPC), which sets monetary policy to meet the 2% inflation target, voted by a majority of 6–3 to maintain Bank Rate at 4.75%. Three members preferred to reduce Bank Rate by 0.25 percentage points, to 4.5%. Alpesh Paleja, Interim Deputy Chief Economist, CBI, said: “It was widely expected that the Monetary Policy Committee would keep rates unchanged in December. Having cut twice this year, today’s announcement was in line with the gradual pace of rate cuts that the MPC has previously endorsed. “However, the trade-off facing the Bank of England is getting more difficult. While the worst of the inflation crisis is undoubtedly behind us, we now expect the CPI rate to stay above the Bank’s 2% target for the next two years- following announcements in October’s Budget. “Domestic price pressures also remain stubbornly high. At the same time, business surveys – including our own – show a notable deterioration in growth and hiring expectations. “The MPC has prioritised its price stability mandate in the recent past, which aligns with a gradual loosening in monetary policy. As a result, we expect four more rate cuts over the coming year. “However, if growth prospects worsen more materially, dampening domestic price pressures in the process, we may be looking at a scenario where rates are cut at a faster pace.”

Yorkshire marquee company secures six-figure funding package

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A Yorkshire company that supplies marquees for some of the UK’s most exclusive events has raised a six-figure funding package from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to add a new structure to its range. The English Marquee Company, which is based in Ripon, has already taken delivery of its latest addition, which is capable of holding 350 people and is currently installed at a high-profile private members’ club and hotel in the Cotswolds. The 500 sq ft structure, known as the Nord, has been made to the company’s own specification and consists of glass panels with a glulam frame – an engineered wood product that is a more sustainable alternative to steel. The English Marquee Company provides structures for everything from a small garden party to lavish weddings and major corporate events. Customers include Newby Hall and Grantley Hall in Yorkshire, as well as high-net worth individuals and leading event planners. The business was founded in 2018 by brother and sister Sam and Victoria (Tor) Peters who spotted a gap in the market for marquee hire. The company now employs around 30 staff. Tor Peters, founder and Director, says: “In recent years, particularly since the pandemic, both businesses and individuals have placed greater value on bringing people together, creating connections and crafting unforgettable experiences. Our marquees provide an exceptional centrepiece or backdrop to any event. “We pride ourselves on our stunning range, our responsive customer service and our ability to transform even the most challenging, hard to access sites. This latest funding from Mercia and NPIF allows us to add another innovative marquee to our range in line with our aim to create the most sought-after event spaces.” Andy Clough of Mercia Debt adds: “Sam and Tor had a vision to take marquee hire to a new level and create the most spectacular events spaces. The business has been growing exponentially and is now the go-to supplier for elite event planners and private clients. Mercia and NPIF have provided several rounds of funding to help them build their product range and are pleased to have played a part in their success.”

Henry Boot to take full ownership of premium regional housebuilder

Sheffield property business Henry Boot is to take full ownership of premium regional housebuilder Stonebridge, having exchanged contracts to acquire the 50% share it does not own from its JV partner. The transaction is structured to complete in three tranches over the next five years, with anticipated fixed payments totalling £30m and additional payments linked to Stonebridge’s performance. Tim Roberts, Chief Executive Officer, Henry Boot, said: “This transaction represents an important strategic milestone for Henry Boot, allowing us to acquire full ownership of a high growth builder of premium residential homes that we already know well through our existing 50% share in the business. “The acquisition of Stonebridge also further cements our position in the U.K. house-building sector, a market which currently benefits from a number of supportive structural and political tailwinds, while at the same time simplifies Henry Boot’s structure. “The consideration is performance linked, and the phased structure is designed to generate strong returns whilst maintaining gearing within our optimum range of 10-20%. All of this gives us confidence that this transaction will help drive enhanced shareholder value over the medium term and will be a significant part of our plans for growth.” Stonebridge is a high growth U.K. multi regional housebuilder which is currently focussed on delivering premium homes in Yorkshire and the North-East. The business has grown significantly since it was founded in 2010, increasing output by an average 25% p.a. over the past ten years. In addition, in the five years ending 31 December 2023, both revenue and operating profit more than doubled, reaching £94.4m and £5.9m, respectively. In 2023 Stonebridge completed 251 homes and has a medium term target of delivering up to 600 new homes annually.

Rotherham firm secures grant to plant 150,000 trees

Rotherham-based Harworth Group has secured an England Woodland Creation Offer grant to plant 150,000 trees on its 230-acre Highthorn site in Morpeth, Northumberland.

The new woodland will feature over 150,000 trees, comprising predominantly native broadleaf species with some complementary conifer and scrub. The initiative will also provide significant benefits to the local community, including the creation of a new network of permissive footpaths to enhance public access. Alex Standerwick, the Group’s Natural Capital Manager, said: “The woodland plantation at Highthorn demonstrates our commitment to stewarding the land in our portfolio and delivering on our Net Zero Carbon Pathway to mitigate emissions created through our wider regeneration activities. By leveraging our legacy land portfolio, we are not only creating habitats that enhance biodiversity but also ensuring that the carbon credits we generate are authentic and deliver long-term social and environmental value. This project, alongside our ongoing efforts at Chevington North, is a clear example of how Harworth is embedding sustainability into everything we do.” The Highthorn scheme forms part of Harworth’s Net Zero Carbon Pathway and ambition to achieve NZC status by 2030 through supporting the Group’s carbon sequestration initiatives. Harworth anticipates that this woodland plantation could create up to 25,000 Pending Issuance Units, and Harworth will ensure the authenticity of the carbon credits generated. Earlier this year, Harworth’s first woodland plantation, at Chevington North, also in Morpeth, Northumberland, where over 110,000 trees were planted, opened to the public. Harworth is currently working with the Soil Association to validate the carbon credits generated by the Chevington North woodland. The addition of the Highthorn woodland will bring the total number of trees planted by Harworth in Northumberland to over 260,000.