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Yorkshire & Humber manufacturers see mixed start of the year
Yorkshire & Humber manufacturers are seeing a mixed picture as they start the year but confidence is remaining robust despite the UK economy remaining weak overall.
However, Make UK is forecasting growth for manufacturing of just 0.1% in 2024 and 0.8% in 2025 which is weaker growth than the economy overall.
The findings come in the Q4 Manufacturing Outlook survey published by Make UK and business advisory firm BDO. According to the survey, output in Yorkshire & the Humber fell in the first few months of the year. However, looking forward both output and orders are set to pick up substantially in the second quarter of the year in line with the national picture.
However, this picture is not currently being reflected in either investment intentions or recruitment, although this reflects an easing from a strong picture for both indicators last year rather than any negative pattern.
Dawn Huntrod, Region Director for the North at Make UK, said: “After the economic and political shocks of the last few years there is now strong confidence among manufacturers in Yorkshire & the Humber, despite the mixed picture. While growth in the economy is not exactly supercharged, the positive announcements in the Autumn Statement and Budget can at least allow them to plan with more certainty for the future.”
Steve Talbot, Head of Manufacturing at BDO in Yorkshire, added: “Manufacturers across Yorkshire and the Humber have continued to show their ability to overcome wave after wave of challenges, but they cannot continue to do this indefinitely without some more long-term support from the Government.
“The expected increase in output and orders in the latter half of this year is positive and in line with the overall national picture, but whatever happens over the next quarter will be critical to manufacturing businesses in the region.”
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Major, new mixed-use neighbourhood approved in Leeds
Caddick Developments, part of Caddick Group, has received a unanimous resolution to approve a major, new, mixed-use neighbourhood in the South Bank of Leeds.
To mark the planning decision, the 2m sq ft scheme, previously named City One, has been rebranded as South Village. The new name reflects not only its location within one of the UK’s largest brownfield regeneration sites – South Bank, Leeds – but also the development’s design as a contemporary urban village for modern city living.
South Village could provide up to 1,925 homes, 650,000 sq ft of commercial space and significant landscaped areas, all centred around a curated ‘village green’ the size of a professional sports field, and accessible to both residents and local community alike.
Positively received by Leeds City Council’s City Plans Panel, the scheme was praised for its potential, which would “change this part of the city altogether.”
A new place brand has also been developed to accompany the name change, which will be revealed in due course.
Lee Savage, Director at Caddick Developments, said: “South Village will offer a revolution in city-centre living, transforming this strategically located brownfield site into an ambitious and accessible new neighbourhood.
“Our proposals are incredibly exciting, having been designed to provide bold, modern architecture, significant public space and enhanced connectivity between Holbeck and the city centre.
“As we work towards submission of a detailed planning application, we will continue to collaborate closely with key partners and the community to bring forward a vibrant new chapter for this part of the South Bank.”
Johnny Caddick, Caddick Group, said: “We’re delighted to have received the resolution to approve from Leeds planning committee for this transformational new development. South Village is set to redefine contemporary urban living in Leeds, offering all the amenities of a traditional village, while being located in the heart of the city centre.
“Perfectly suited to modern patterns of living and working, South Village has been carefully designed to provide significant public realm and community space, promote active lifestyles and connectivity, and ultimately enable the creation of a dynamic, multi-generational community.”