Friday, August 22, 2025

New managing partner appointed at Arc Pensions Law

Arc Pensions Law has appointed Anna Copestake as managing partner. Anna has spent her career so far as a pension lawyer, advising on a broad range of both defined benefit and defined contribution pension arrangements, including for trustees, sponsors, insurers and service providers. Having joined Arc Pensions Law in 2016, Anna has played a key role in the development of the firm’s defined contribution and investment practice, combining technical insight with commercial pragmatism. Anna will be taking over as managing partner from Kate Payne and will focus on the delivery of Arc Pensions Law’s long-term strategy and growth, while Kate returns to her full-time client-facing role. Senior partner Anna Rogers said: “Anna Copestake approached us at Arc more or less the day we launched in 2015 and has always been passionate about the business side of pensions law. She’s developed an impressive legal practice and now is the time for her to step into a management role. “Anna has been integral to the growth of the firm from the very early days, and she knows it inside out. We see Arc as the pensions law firm for the future and the next generation of pension lawyers are crucial in driving the change and innovations that lie ahead. “I’d also like to thank Kate Payne for her leadership as managing partner, and I know she is looking forward to focusing on clients full-time again.” Commenting on her appointment, Anna Copestake said: “It is a privilege to be entering the next phase of my career at Arc as managing partner. With pensions law evolving at pace, our strength lies in the clarity, confidence and technical excellence with which we service our clients.” Kate Payne said: “I am excited for this next chapter of Arc Pensions Law. I have immense confidence in Anna Copestake, and I am proud to be leaving this role firmly in her capable hands. I look forward to continuing my practice and supporting the firm’s growth in the years ahead.”

Eutechtics secures Smart Grant to decarbonise chemicals

Eutechtics, a Sheffield chemistry startup developing low-carbon routes to essential industrial chemicals, has been awarded a Smart Grant from Innovate UK. It recognises Eutechtics’ innovative platform technology for producing carboxylic acids from captured CO₂, using significantly less energy than conventional processes — a breakthrough with far-reaching implications for sustainable chemical manufacturing. The grant is match-funded by Prosemino, a specialist venture studio. In total, Eutechtics has raised £400,000 aimed at scaling up the platform and driving it toward commercial readiness. This strategic support marks a major step forward in Eutechtics’ mission to decarbonise critical chemical supply chains. “This award is a huge vote of confidence in our technology and our vision for fossil-free chemical manufacturing,” said Armando Leal, CEO and co-founder of Eutechtics. “We’re proud to be developing a platform that doesn’t just reduce emissions, but reimagines the supply chain using waste CO₂ as a resource.” “Prosemino was built to create the next generation of climate tech companies—starting from first principles,” said Dr. Gyen Ming Angel, director of venture building at Prosemino. “We don’t just invest or provide space – we work side-by-side with founders to turn the real needs of early-stage science-led startups, so teams like Eutechtics can focus on development from day one – not setup or logistics.”

Hull occupational health services provider expands with acquisition

Latus Group, the Hull-based providers of occupational health services, has acquired Peritus Health Management. The acquisition, which was supported by NorthEdge private equity, represents a strategic consolidation within the sector and significantly scales Latus Group’s capacity and geographical reach.
Peritus, based in Brighouse, is a provider of occupational health, health surveillance and occupational hygiene services and has delivered consistent growth of 20% year-on-year for the last five years.
Amanda Dowson, founder of Peritus, brings over 30 years of occupational health and safety management expertise as a Specialist Practitioner and Chartered Member of IOSH. She’s a long-standing committee member of the Yorkshire Branch IOSH Group and has led quality management systems to SEQOHS standards. Julian Dowson, an Occupational Hygienist and Peritus Director, specialises in practical health risk management through robust controls and workplace monitoring. His vocational education background enhances his on-site teaching, influencing positive behavioural safety.
All 30 Peritus employees have been welcomed into the Latus team and operations will continue to be supported from a new Brighouse-based office. Jack Latus, CEO of Latus Group, said: “This deal marks an exciting step forward in our mission to modernise occupational health. Peritus has earned a strong reputation for quality, integrity, and service and those values are right at the heart of what we’re building at Latus. “As businesses continue to turn to joined-up, future-ready workplace health solutions, this acquisition enables us to offer clients a broader, more seamless service, from hygiene monitoring through to health surveillance, all in one place and all working together, supporting UK businesses to maintain statutory health compliance and beyond. “By bringing together our strengths, we’re creating a stronger, smarter platform that’s fit for the future of workplace health in the UK.” Sam Latus, COO of Latus Group, said: “Peritus is highly complementary to Latus, which has built strong relationships through trust, clinical excellence, and personalised service. We’re excited to welcome Amanda, Julian and the Peritus team to the Latus Group, working together to improve the health, safety and wellbeing of employees across the UK.” Amanda Dowson, founder of Peritus, added: “We’re incredibly proud of what we’ve built at Peritus, and joining Latus Group marks the beginning of a new chapter. Our shared values and complementary services make this a natural fit and we’re confident that our customers and team will benefit enormously from the opportunities ahead.”

New initiative to connect Sheffield’s creative talent with industry employers

The Sheffield College has launched a new initiative aimed at strengthening the city’s creative industries by connecting students with local employers. The scheme, named Sheffcol Creates – The Creative Academy, is designed to bridge the skills gap in Sheffield’s growing creative economy by providing students with hands-on industry experience.

Sheffield’s creative sector plays a crucial role in the local economy, generating nearly £1 billion annually and providing approximately 9,000 jobs across a wide range of fields. This includes design, digital marketing, film, photography, media production, and the performing arts. The new project aims to meet the growing demand for skilled workers in these industries by providing a collaborative approach to education.

Each year, The Sheffield College trains over 1,000 students in creative disciplines, including art and design, media, and performing arts, through a mix of diplomas and degree-level qualifications. Sheffcol Creates invites employers to participate in the curriculum actively, providing opportunities for mentorship, live briefs, and industry placements, among other forms of engagement.

The project’s official launch event was held at 99 Mary Street in the Cultural Industries Quarter, with key figures from the Sheffield Chamber of Commerce, Sheffield City Council, and the college in attendance. This initiative marks a significant step towards cultivating a pipeline of talent for Sheffield’s creative sector and ensuring its continued growth.

Sofina Foods expands footprint with acquisition of Finnebrogue

Sofina Foods has strengthened its market position by acquiring Finnebrogue, a family-owned food manufacturing company based in Northern Ireland. Founded in 1991, Finnebrogue employs approximately 1,200 people across four advanced production sites in County Down. The company is known for its range of products, including outdoor-bred pork, sausages, rashers, ham, and plant-based alternatives.

This acquisition aligns with Sofina Foods’ ambitious growth strategy. The company, already a major player in the seafood and pork sectors, operates extensively across the UK and Europe. Its seafood division, which includes the Young’s brand, is the largest provider of chilled and frozen products in the UK and holds significant market share in Germany and France. Sofina Foods Europe now employs over 9,000 people across 27 sites following the acquisition.

Finnebrogue’s operations will complement Sofina’s existing distribution network and further enhance its portfolio of sustainable, high-quality food products. The integration of Finnebrogue’s expertise supports Sofina’s strategic expansion across Europe.

The transaction was managed by Sofina’s in-house teams with external support from PWC, Taylor Wessing, Tughans LLP, Ashurst, and Tetra Tech. Finnebrogue was advised by Piper Sandler, Carson McDowell, and EY.

Recognise Bank completes £1.79m bridging loan for Lincolnshire developer

Recognise Bank has completed a gross £1.795 million bridging loan across multiple industrial sites and land in Lincolnshire for an established development and construction business. Completed in partnership with Archway Capital Partners, the facility will allow the developer to maximise sales values across the commercial units on the sites. The borrower, part of a long standing and family owned group, recently completed two industrial sites across Lincolnshire as well as two landbank sites with planning permission in place. The bespoke bridging facility structured by lending managers, Ian Fields & Heather Mitchell, provided the client with a short-term solution to allow time for asset sales and to support their strategic development pipeline in the future. Sam Monk, director at Archway Capital Partners, said: “It has been a great pleasure to work with Ian, Heather and Stephen to complete this deal and support our client. The Recognise Bank team crafted a bespoke solution, provided timely responses, and maintained great communication throughout. We look forward to working with the team again in the future.” Ian Fields, senior lending manager at Recognise Bank, said: “We are delighted to have worked with Sam and the Archway Capital team to facilitate the next phase of growth for another successful UK SME. Providing bespoke financial solutions is at the very core of what we do and this deal is a great example of what can be achieved when lender, broker and borrower work together.”

Pension reforms risk higher prices, fewer jobs and slower growth, warns FSB

Prospective pension reforms could see small firms raise prices, cut jobs or slash profits, the Federation of Small Businesses (FSB) has warned. New research looks at how the current rules relating to auto-enrolment are already piling cost and complexity onto small employers. It also exposes how possible changes expected in the second phase of the Government’s Pensions Review – due later this year – could heap much further pressure on small firms already dealing with soaring wage bills and mounting National Insurance contributions (NICs). Most employers already say that decoding pension rules is a headache (53%), and a quarter (24%) are paying over £500 a year for advice – even before new changes are introduced. Small employers want to do right by their staff – but 79 per cent are concerned about the rising cost of employment, and reforms must reflect that pressure. FSB’s report, Backing the Future, lays bare the full impact of potential pension reforms being promoted by the Government. If employer pension contributions were to double to six per cent, 92 per cent of small employers would have to change their business negatively to cope, raising prices (52%), recruiting fewer workers (38%), cutting profits or absorbing costs (34%), and reducing the number of employees (14%). One of the proposals could see pension contributions applied from the very first pound earned, instead of the current £6,240. This would see 82 per cent of small employers affected negatively, raising prices (36%), cutting profits or limiting earnings (32%), recruiting fewer workers (28%), reducing pensions to a minimum of three per cent (19%), and cancelling/scaling down plans for investing in the business (19%). FSB is now calling for: 
  • Phase two of the Pensions Review to explicitly examine how workplace pension changes impact small employers and learn from how auto-enrolment has been rolled out until now. The review must look closely at the financial and admin burden on small businesses, including the cost of advice, running payroll, and getting to grips with the rules before bringing in any new proposals.
  • Ministers to commission a full cross-cutting economic assessment before any changes to pension rules are made, which includes the impact of recent rises in National Insurance and the National Living Wage, to ensure small firms are not hit with unaffordable costs or forced into tough choices like raising prices or cutting jobs. Last November, the Labour Government said it would only make changes to auto-enrolment if the impact on businesses was fully considered.
  • No changes be made to the earnings threshold, no increase to employer contributions and no lowering of the age limit before the economic assessment is complete.
  • The Government to convene regulators, including The Pensions Regulator and the Financial Conduct Authority, and industry stakeholders, to simplify pension rules and provide clearer guidance for small employers, reducing complexity and unnecessary admin. This would be a pro-growth, pro-employment move.
  • When considering pensions adequacy, the Government should look beyond just increasing contributions – considering scheme performance, investment returns and the real-world impact on small employers and employees. Poor fund performance leading to lower pensions later in life should not be masked by simplistic debates on contribution levels.
Tina McKenzie, policy chair of the Federation of Small Businesses, said: “Small business owners want to do the right thing. Entrepreneurs have taken on auto-enrolment, absorbed the costs, navigated the jargon, and kept paying into their staff’s pensions even when their own margins have fallen. But goodwill has limits. “The more complex and expensive the system becomes, the more we risk pushing employers from willing participants into reluctant bystanders. If the Government wants pensions policy to succeed, it must prioritise clarity over complexity and provide the right support. “This is not about resistance to pension reform, it’s about the cumulative burden of regulation and the rising cost of employment. Small firms are already feeling the pinch – NICs and wage increases are really taking their toll – and any new reforms could push many to breaking point. This is no time to add new burdens. Ministers should pause, take stock, and think carefully before stacking more costs on firms already under strain. “Now, as phase two of the Pensions Review gets underway, the Government must ensure the real pressures facing small businesses are front and centre – no further changes should go ahead without proper protections in place.”

Government steps in to support at-risk jobs following refinery insolvency

The UK government is stepping in to support the continued operation of the Prax Lindsey Oil Refinery in Immingham, North East Lincolnshire, after its owner went into administration, putting 420 jobs at risk. Prax Group, which acquired the refinery from Total in 2021, filed for insolvency last Sunday, prompting concerns from union representatives that as many as 1,000 jobs, including those of contractors and supply chain workers, could be affected.

The government has allocated funding to the official receiver to ensure the refinery’s safe operation. The Department for Energy Security has confirmed the refinery suffered losses of approximately £75 million from the 2021 acquisition to February 2024. Despite reassurances from Prax that no immediate closure was imminent, the company shifted its position last week, stating that it could no longer continue as a going concern.

Energy Minister Michael Shanks criticised Prax’s lack of transparency about its financial gap and its failure to cooperate in finding a solution. The government is now looking for potential buyers for the refinery and other uses for the site if a sale cannot be secured. The government has pledged to maintain energy supplies and protect the local community while supporting affected workers.

Trade unions, including Unite, are calling for immediate action to protect jobs and ensure the refinery’s continued operation. Concerns have been raised about the long-term future of the site, which is strategically important for both fuel production and local employment.

York and North Yorkshire launch survey to boost creative economy

A new survey aims to provide valuable data on the creative economy in York and North Yorkshire. Conducted by the York and North Yorkshire Combined Authority in partnership with the University of York, the Creative Economy Census targets over 1,500 creative businesses, as well as freelance and self-employed professionals in fields like advertising, design, film, music, publishing, and IT.

The survey will collect insights on the role of creative professionals, funding needs, barriers to growth, and required support services. The results will shape a regional Creative Industries Strategy, focused on fostering growth and making York and North Yorkshire a more attractive destination for creative talent.

This initiative is part of the wider One Creative North project, which aims to boost the region’s creative sector, identified as a high-growth area by the Combined Authority. The findings will inform future funding and support decisions, ensuring that creative professionals in the region have the resources they need to thrive. The survey takes an average of 20 minutes to complete, with both mandatory and optional sections.

Trial to improve rail travel for blind passengers in West Yorkshire

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A new trial is set to enhance the travel experience for blind passengers in West Yorkshire. Publicly-owned train operators, in collaboration with West Yorkshire Combined Authority and Network Rail, are testing a new approach to make it easier for individuals with a blind person’s travel pass to use automated ticket gates at regional stations.

Currently, blind passengers holding an English National Concessionary Travel Scheme (ENCTS) pass can travel for free on LNER, Northern, and TransPennine Express services, but they have faced challenges with automated ticket gates. Instead of passing through barriers independently, they have had to seek assistance from station staff.

This trial aims to address that issue. Ten participants will receive a temporary West Yorkshire travel pass (MCard) to access automated ticket gates without requiring staff support. The initiative, which is based on feedback from blind passengers, runs for three months starting from 1 July, at key stations including Bradford Interchange, Huddersfield, Leeds, and Wakefield Westgate.

The trial is designed to provide blind passengers with greater independence while maintaining support from station staff for those who need it. The hope is that this trial will lead to permanent changes, allowing blind passengers more control over their travel experience.