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April sees UK-wide hike in start-ups with over 30% more new businesses launching in Yorkshire and the Humber
Economic confidence in Yorkshire and the Humber appears to be on the rise with the region, along with much of the rest of the UK, experiencing a marked uplift in the number of new businesses launching last month compared with March 2024.
The latest research from the UK’s insolvency and restructuring trade body, R3, which is based on an analysis of data provided by CreditSafe, showed that in April all regions and nations saw a rise in start-ups since the previous month.
Yorkshire and the Humber was among the strongest performing with an increase of 32% which represented a total of 6,773 new businesses. Since December 2023, almost 22,700 new businesses have launched in the region.
Looking across the UK, the East Midlands saw the greatest month-on-month rise in start-ups with an increase of 41.7% while Northern Ireland and the North East both rose by over 33%. In contrast, the poorest performing of the 12 regions and nations was Scotland with an increase of just 1.8%; followed by East Anglia (up by 27.2%) and the South East (up by 27.6%).
The research also showed that insolvency-related activity (which includes liquidator and administrator appointments and creditors’ meetings) had fallen across much of the UK in April. The most marked decreases were in the South East (-20.7%); Scotland (-20.6%); and Northern Ireland (-19.2%).
However, Yorkshire and the Humber was one of four regions and nations to experience a rise in this type of activity with 263 businesses affected here, an uplift of 8.7% since March. The East Midlands, Greater London and the South West also saw a month-on-month increase.
Eleanor Temple, chair of R3 in Yorkshire and a barrister at Kings Chambers in Leeds, said: “Last month’s rise in the number of start-ups across almost all of the UK is an encouraging sign of slowly returning business confidence.
“Unfortunately, the year got off to a slow start for many consumer-facing businesses, such as retailers and restaurants, amid high interest rates and energy costs, together with dismal weather further dampening spending.
“As we head into the summer, economic prospects appear to be brightening, although many experts are not expecting a real recovery until the autumn. Given the current uncertainty, it is vital that business owners remain vigilant and turn to a qualified insolvency practitioner for advice as soon as any financial problems become apparent.”
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40,400 sq ft let to global life sciences company at Advanced Manufacturing Park
Harworth Group plc, a regenerator of land and property for sustainable development and investment, has completed a 40,400 sq ft letting to Calibre Scientific, a global life sciences and diagnostics company, at R-evolution 4, its recently completed business space development that forms part of the Advanced Manufacturing Park (AMP).
Located in Rotherham, Yorkshire, the AMP is home to some of the world’s biggest manufacturers including Boeing, Rolls-Royce and the UK Atomic Energy Authority.
Calibre Scientific UK has signed a new 10-year lease for Units 11A and 11B, which will be used to provide products and solutions to support the global life science industry. The letting represents a further expansion for Calibre Scientific, who already occupy over 10,000 sq ft at the Advanced Manufacturing Park. Jonathan Haigh, Chief Investment Officer, Harworth Group, said: “This letting demonstrates our ability to support business growth, as Calibre Scientific adds to its existing presence on the AMP by expanding into newly developed space at R-evolution 4. “Together we are realising the vision and benefits to the region of enlarging this established vibrant cluster demonstrating the powerful role of the AMP as a centre of excellence for advanced manufacturing, science and innovation in the UK. “We’ve experienced strong demand from occupiers for our high specification R-evolution 4 scheme, with half of the available space now let, and positive discussions ongoing with additional prospective occupiers.” Andy Wright, Head of Manufacturing, Calibre Scientific, said: “Calibre Scientific are delighted to expand our presence on the AMP, since first setting up on the park in 2022. “The leasing of these new state-of-the-art units allows us to significantly expand our operations and build our global presence, while cementing our position as one of the UK’s leading and fastest growing life-science providers. “Focusing our expansion within the AMP, demonstrates our commitment to the region, and plans to build a life-science campus, achievable through our successful partnership with the Harworth Group and other local business providers.” Harworth was advised by Knight Frank and CPP.Hull & East Yorkshire reveals shortlist of potential winners
Hull & East Yorkshire People in Business Awards has announced its shortlist for this year’s ceremony in July, which is says is showcasing the highest-ever level of talent.
Lee Solway of Harrison Solway, who’s head of the judging panel said: “Having had the privilege of being part of the previous 2 years judging panels, the sheer number and calibre of nominations this year made the judging incredibly difficult to say the least. it is very clear that we have some unbelievable individuals and businesses in the Hull and East Yorkshire area, from the ‘Rising Star’ category, all the way up to the Lifetime Achievement nominees. It was a huge honour for me to be asked to lead this years judging panel.”
The awards ceremony will take place on Friday 5th July, at the Doubletree Hilton Hotel in Hull and will see businesses recognised in thirteen categories. The 2024 PIBA Awards Shortlist: Rising Star – sponsored by Bondholders- Rosie Jukes – Hudgell Solicitors
- Rebecca Shipley – Emmerson Kitney
- Anna Bisby – James Legal
- Rosie Andrew – Swift Group
- Jack Moore – HEY Mind
- Claire Clappison – Innovations In Care
- Paul Bird – KWL
- Lindsey Openshaw – Williams Den
- Erin Symons – Beal Developments
- Tommy Predergast – KWL
- Jessica Brooks – Rubicon Technical
- Zara Holland – Mimi Boutiques
- Green & Green Mortgage Protection
- Hull Truck Theatre
- Smart Temporary Solutions
- Diane Lumb – Heron Foods
- Daisy Lawford – MS3
- Samuel Mcfadyen – Hudgell Solicitors
- Jason Nichols – Stretch Pizza
- Jordon Sandland – Cosmesure
- Victoria Bratten – Childrens Physiotherapy
- Sue Fellows – Innovations In Care
- Gareth Allen – Herd
- Nicky West – New Options Ltd
- Run With It Education Centre
- Rachel Di Clemente – Hudgell Solicitors
- Joshua Barnfather – Dock Robotics
- Louis Deane – VISR
- Global Student Team – Hull University
- Marketing Team – Hudgell Solicitors
- Freedom Festival Arts Trust
- Rachel Middleton – Heron Foods
- Sarah Smith – Princes Quay
- Jack Dennett – Doubletree by Hilton, Hull
- Vicki Miller – MS3
- Paul Matson – Hull 4 Heroes
- James Halls – Open Source Healing Initiative