83% of people in Yorkshire not told about alternatives to degrees at school

New research has revealed that not enough is being done to educate young people about alternatives to university – meaning billions could be being wasted on tuition fees each year as a result.

The nationally representative study of 2,000 people by AAT (Association of Accounting Technicians) found that only 17% of people in Yorkshire said that they heard about alternatives to degrees, such as apprenticeships, while at school, and 60% think there should be more resources available to help people learn about them.

As a consequence, misconceptions and apprehensions about apprenticeships are commonplace: the research showed that 44% of people in Yorkshire believe that apprenticeships don’t pay enough, and 22% think that they are only available for manual labour jobs. Meanwhile, only 46% see them as a good alternative to university and just 38% are aware that apprenticeships enable people to earn whilst they learn.

At the same time, the research revealed that 42% of all people aged 21-45 believe their degree has not played an essential role in their careers to date, and 16% of all people with degrees wish that they had chosen a different route. This figure rose to 20% of those aged up to 24 years – the highest amongst any age group – suggesting that the 2012 tuition fee increase and ongoing impact of the Covid-19 pandemic on in-person teaching are contributing to growing regret around the decision to attend university.

With around 1.8 million undergraduate students in the UK, each paying up to £9,250 each year, this equates to more than £9.6bn being potentially wasted on degree courses annually.

When asked about the careers advice they received at school, 18–24-year-olds were 28% more likely than average to say that the advice was focused on careers after university, with 41% agreeing with this statement.

Interestingly, 18–24-year-olds were also the least likely to say that they had found it useful (28%). Those aged 65 and over were the most likely to say they had found it useful (42%), with the number steadily decreasing with age.

Throughout the early 2000s, careers advice in schools was delivered by the governmental information, advice, guidance and support service, Connexions. However, following public spending cuts under the Coalition Government, the careers element of the Connexions service was dismantled and devolved to individual schools in 2012, meaning there is currently no requirement for standardised careers advice for those aged 13-19.

Commenting on the research, Anthony Clarke, Business Development Manager, AAT, said: “Our research paints an interesting picture of the careers advice being given to young people. Although we might think that information is widely available about different options including apprenticeships, this data would suggest that many schools are still pushing students towards university, and perhaps even more so than in previous decades.

“While university is of course the right path for some people, with tuition fees now so high and the changing provision of university education such as shifts towards blended learning, it is certainly not a decision to be taken lightly. It’s important for everyone to know that alternative options for qualifications are available, and that student debt isn’t an inevitable accompaniment to successful professional careers.

“It’s often the case that apprentices find spending three years spent in the workplace, working with and learning from experienced professionals, coupled with the opportunity to gain professional qualifications, is of greater benefit to their future careers than going to university.

“Apprenticeships offer a fantastic way into many different careers and sectors, with the opportunity to earn while you learn. It’s a real shame that a fifth of people are left regretting their higher education choices when this could have potentially been avoided with access to better or more tailored careers advice.”

Former AAT apprentice, Ben Boutwood, said: “I left school when I was 18 in 2014, and almost felt like I had no direction. My school were pushing for people to go to university; however, I knew it wasn’t my calling. I was keen to get into work early, get a skill under my belt, and train alongside working so I could earn some money, and learn on-the-job. However, I didn’t know what that was at the time!

“I applied for a job as a trainee accountant with a local firm that was hiring a junior team member, and in September 2014 began full-time work. In September 2015, I enrolled in Level 3 AAT at a local college, completed Level 3 by the summer of 2016, and then by 2018 I was well on my way to completing my Level 4 AAT. I have now been an AAT full member (MAAT) for several years, and I’m still working in the same firm.

“Apprenticeships are a great way to start a career in finance, simply because the nature of the job is very hands-on. Although you can learn a lot by sitting in a classroom, nothing will equip you better, faster and more readily than experiencing it first-hand. So much of what I learned at college was directly reinforced by my day-to-day work, and vice versa.

“An apprenticeship appealed to me for a couple of reasons. Firstly, the financial burden of a student loan terrified me, so it helped that I could earn a salary and have my training paid for. Secondly, I really didn’t want to wait three or four years for my career to start; I left school and started my career in a few months.

“My advice would be not just to go to university because that is what your friends, family or school want you to do. Sit down, and seriously think about what is right for you, and only you. I was one of five people who didn’t go to university in my school year, and it was tough going against the grain, but I knew it wasn’t right for me.

“I would encourage anyone who is unsure about what to do to consider the AAT apprentice route. It worked wonders for me and I am very happy with my career path, progression, as well as all the invaluable skills I have picked up along the way.”

Green light for new business park in Lincolnshire

Around 50 new jobs are one step closer as the green light is given for a brand-new business park in Lincolnshire. Located on the outskirts of Gainsborough, the new business park named Wharton Place, will be developed by established local commercial and residential property developer, Stirlin. Stirlin have received planning approval from West Lindsey District Council for three phases of Wharton Place, which will be their third commercial development in the area. The site is located on Foxby Lane, adjacent to Lincoln County Council’s Business Centre, Mercury House, with easy access to the A1, M180 and A15 road networks. Wharton Place will provide over 18,500 sq ft of new employment space across 1.3 acres, with a mix of light industrial units in sizes ranging from 1,270 sq ft – 2,500 sq ft. The site currently has consent for Use Class E(g), with the potential to consider other uses subject to planning. All units on the development will benefit from allocated parking, an electric sectional door, a personnel door and DDA compliant toilet facilities, as well as an eaves height of 5 metres to accommodate a mezzanine floor upon request. Tony Lawton, Managing Director of Stirlin, says: “We are delighted to receive approval for Wharton Place. We’re seeing a significant increase in demand for modern, cost-effective industrial units for manufacturing and distribution, particularly now that more people than ever are trading online. “This is the third plot of land in Gainsborough that we have purchased from Lincolnshire County Council, following the success of our two other developments in the area: Stirlin Place and Willoughton Place. “Our investment in the area is a testament to the town’s growing appeal as a thriving place to live, work and invest in. We are pleased to be able to help facilitate the town’s growing business base and bring new employment to the area.” Cllr Colin Davie, Executive Councillor for Economy at Lincolnshire County Council, says: “The sale of this land and development of the new business park will be a great and substantial addition to this part of Gainsborough. Building on and enhancing the commercial offer that is already in place nearby, including our own business centre Mercury House, the land will support businesses to start-up, re-locate and grow.” Now that plans are approved, further details are due to be released on the first phase imminently.

Harrogate investment management business to be acquired

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Titan Wealth Holdings is to acquire Cardale Asset Management, as part of its ongoing strategy to bring a new proposition to the wealth and asset management sector.

Based in Harrogate, North Yorkshire, Cardale is an independent investment management business, with turnover of £16m and EBITDA of £9.4m (for FY 2021), and provides portfolio management, stockbroking and financial planning services to private clients.

Since its launch in 2003 Cardale has seen sustained growth, reaching £1.5bn in assets under management (AUM) which it manages for approximately 3,500 clients, and employing circa 70 financial and investment professionals under the leadership of an experienced Board.

James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth, said: “We are delighted to welcome the team at Cardale to Titan Wealth. Cardale is a highly profitable and well-respected business with a focused and proven investment process that consistently delivers outperformance to its client portfolios.

“Cardale will form a key part of Titan’s central investment proposition and enhance the Group’s distribution capabilities, providing Titan Wealth with a significant presence in the North of England, making it an excellent strategic, geographic and cultural fit for both parties.

“This marks another important milestone for Titan Wealth in our journey to drive reform of the sector, to create value and provide more integrated and flexible services to investment managers, IFAs and clients and we are excited by the future growth opportunities.”

Titan Wealth launched in June 2021 with the acquisition of two investment and wealth management businesses – GPP and Tavistock Wealth Limited. The acquisition of Cardale is anticipated to double Titan Wealth’s revenues and will also support its continued growth towards meeting its target of £20-30bn in AUM within four years of launch.

Andy Tod, CEO of Cardale, said: “Having established Cardale in 2003 and grown the business organically since inception, now is the right time to find a partner with the expertise and reach that will take us to the next level and ensure we continue to deliver a compelling offering for our existing and prospective clients.

“In Titan Wealth we have found a highly complementary partnership with strong cultural alignment that will drive growth in our client base and distribution capabilities, allowing us to continue to invest in our operations and client service. “It is a testament to the positivity associated with the acquisition that all existing Cardale employee shareholders will be reinvesting in the new business. We are very much looking forward to working with the team at Titan Wealth.”

The acquisition is expected to complete in March/April 2022, subject to regulatory approval, and after which Titan Wealth will have AUM of £5.2bn.

Cardale will operate under the Titan Wealth holding group and retain its existing model, leadership and brand.

Titan Wealth was advised by Spencer House Partners, Gateley Legal, and BDO.

25,000 sq ft warehouse let at Leeds business park

The Leeds office of property consultancy Knight Frank has completed the letting of a brand-new 25,000 sq ft warehouse to Svella Plc at Logic Leeds business park. Svella Plc will use the warehouse as a base for its telecoms and digital infrastructure business, Svella Connect. Knight Frank acted on behalf of Leeds-based Phoenix Investment Management, who developed the detached Orion@Logic warehouse speculatively. Svella were represented by Avison Young. Tom Goode, associate with the industrial team of Knight Frank in Leeds, said: “This significant deal underlines, once again, the continued demand for good quality warehouse space in West Yorkshire and the outstanding success of Logic Leeds. “The 100-acre Logic Leeds has already attracted high-quality and high-profile occupiers such as Amazon, John Lewis and Premier Farnell and this superb new building is a notable addition to the Logic Leeds success story. “Orion has been built to a very high specification, with ample car parking, a large service yard, electric security gates and 1,000 sq ft of fully fitted office space, and these qualities played a key role in attracting a prestigious new tenant.” Matt Brown, director at Phoenix Investment Management, said: “We are delighted to have agreed this letting with Svella plc on a 10-year lease. The deal highlights the continued demand and strength in depth of the Leeds urban logistics market, underpinning the reasons we chose to invest in Logic Leeds. A special thanks to our agents at Knight Frank and Carter Towler for their guidance throughout.” Gavin Davies, Managing Director of the Svella Connect business, said: “Our plan for strategic growth has driven the need for relocation to a larger premises with modern facilities, a vibrant working environment for our people and superior connectivity. Logic provides the platform we need to deliver on our growth ambitions and will help facilitate service excellence for our telecoms and digital infrastructure customers across Yorkshire.” Rob Oliver, principal at Avison Young, said: “Commercial trends accelerated by the Covid pandemic have resulted in dramatic shrinkage of supply, and strong growth in values. Great news for landlords and developers, but can be very challenging for occupiers and their agents wanting to consider a range of premises, and manage their property costs. “We were delighted to be asked by Svella Connect to work with them on this project. We had a tight timeframe and considered various options before selecting Orion. The unit and yard size suited us well and the opportunity to acquire a new build with an up-to-date specification and clean and clear internal space ready for our fit-out, was attractive.” Logic Leeds sits within one of the Leeds City Region Enterprise Zones which is supported by the LEP, Leeds City Council, the Ministry of Housing, Communities and Local Government and Muse Developments.

Gordons announces Head of Diversity and Inclusion

Gordons has appointed commercial litigation solicitor and current Leeds Law Society president, Catherine Woodward, as its head of diversity and inclusion (D&I). The role has been created to place an even greater emphasis by the firm on its ongoing commitment to D&I, and to raise awareness of its importance within the legal sector. Gordons has a long history of championing diversity and inclusion in the law. In 2011, the firm set out to tackle the lack of social mobility in the legal sector by launching its pioneering legal apprenticeship scheme. The firm was the first to offer an apprenticeship taking its chartered legal executive lawyers to the maximum Level 6, which is an honours degree equivalent. Current Gordons D&I initiatives include focuses on wellbeing and mental health; supporting parents to provide flexibility and enable their career progression; and celebrating women solicitors at the firm. Catherine’s commitment to D&I in the legal sector saw her, as president of Leeds Law Society, help Leeds Law Society’s D&I committee instigate its inaugural D&I conference in September 2020. This was the first conference of its type held by any UK Law Society and, following its success, is now an annual event. Commenting on her appointment, Catherine said: “Gordons is a progressive firm and one which has always naturally embraced diversity and inclusion due to its long-established values and people. “As head of diversity and inclusion, I have been empowered to drive forward the firm’s existing initiatives, create new ones and forge partnerships with like-minded individuals and organisations. “Our people and our clients are fully supportive of the approach we are taking, and it is the firm’s ambition to be regarded as a diversity and inclusion exemplar in the legal sector and beyond.” From Wakefield and state-educated, Catherine joined Gordons in 2011 and qualified as a solicitor in the firm’s dispute resolution department in 2015. She has broad range of experience including contractual disputes, professional negligence and shareholder disputes. Gordons partner and member of the firm’s three-person executive board, Victoria Davey, said: “Catherine is the ideal person to be our of head of diversity and inclusion. She is hugely passionate about it, and this translates directly into her drive and ambition to ensure Gordons leads from the front regarding this very important workplace and societal issue. “Everyone at the firm is aligned in wanting to further enhance diversity and inclusion in the legal sector. Catherine will ensure we continue to deliver against that objective for the benefit of our people and clients.”

Wakefield set for Full Fibre boost as CityFibre begins £27m rollout

Wakefield is to become one of the world’s best-connected communities after CityFibre, the UK’s largest independent full fibre platform, announced a multi-million investment in its digital infrastructure. Work to bring full fibre connectivity within reach of almost every home and business in the city is underway as the full fibre infrastructure builder breaks ground on the £27m project. Construction on the citywide full fibre network has begun in Lupset and is being delivered by O’Connor Utilities (OCU) on behalf of CityFibre. The team will use a range of construction methods while working in close partnership with Wakefield Council and local communities to deliver a fast rollout while minimising potential disruption. Each area will usually take a few weeks to complete, however, construction teams will typically only be outside each home for two to three days and CityFibre will be in touch by mail ahead of any work starting. The overall project is expected to reach completion by 2024 and the first services will go live for people to take advantage of much sooner. As the network is completed in each neighbourhood, internet service providers (ISPs) will ‘light them up’ with some of the fastest and best value broadband packages available in the country. In Wakefield, services will be available from an increasing range of broadband providers. Across the UK, CityFibre is already working with launch partner Vodafone to deliver next generation broadband services, as well as TalkTalk, Zen and other providers. As City Manager, Steve Moore will lead the delivery of the Wakefield project. He will be responsible for ensuring works are delivered efficiently and considerately, while also acting as the main point of contact for all stakeholders. Steve said: “I’m immensely excited and proud to see work getting underway in Wakefield today. We’re already making tremendous progress across Yorkshire and this is the start of an exciting new chapter for the city and its digital ambitions. It’s important to remember that any short-term disruption will pay off tremendously in the long-term – once the network’s built, it will serve the community’s connectivity needs for decades to come.” Full fibre networks, unlike copper-based ‘fibre broadband’ services available today, use 100% fibre optic cables to carry data at light speed all the way from the home to the point of connection. This gives users speeds of up to 1,000 Mbps for upload and download (up to 1,000 Mbps), near limitless bandwidth and connectivity users can depend on. A full fibre connection also goes far beyond simply enabling access to the latest entertainment at lightning speed. As an essential digital utility, full fibre boosts households and businesses alike, with experts saying it will drive a range of economic benefits, such as making us more productive and innovative. Cllr Michelle Collins, Wakefield Council’s Cabinet Member for Resources, said: “Having a fast and reliable internet connection is vital for so many of our residents and local businesses, at a time when we are more reliant on the internet than ever before. “That’s why we’re extremely pleased to see this investment programme get underway in our district, which will in time enable all our communities to access the economic and social benefits that come with good internet access.” CityFibre is bringing full fibre connectivity within reach of up to 8 million homes in towns and cities across the UK as part of its up to £4 billion Gigabit City Investment Programme.

Trebor submit planning on new speculative industrial site at Point 36, Goole

Trebor Developments has submitted planning for a new unit at ‘Point 36, Goole’. The unit comprises 94,841 sq ft and is located on Tom Pudding Way, Goole, East Riding of Yorkshire, in a well-located industrial area and opposite Siemens’ £200 million new manufacturing facilities. The planning application provides for a single unit on the site that extends to 5.90 acres and will be suitable for B2 or B8 uses. The unit will be delivered on a speculative basis and available for early occupation for fit out in late 2022, subject to planning. Greg Dalton, development manager for Trebor, said: “We are delighted to have submitted planning for our next Yorkshire development and look forward to delivering more much needed new build industrial and logistics space for the region. We are encouraged by the early interest.” Point 36 is being jointly marketed by Gent Visick and Holder & Co on behalf of Trebor.

Sharpest manufacturing price growth since 1976

UK manufacturing output growth picked up in the three months to February, but the balance of manufacturers expecting price rises in the next three months was at its highest since December 1976. That’s according to the latest monthly CBI Industrial Trends Survey, based on responses from 224 manufacturing firms.
  • The balance of manufacturers who expect price rises in the next three months rose to the highest since December 1976 (+77% in February 2022, +78% in December 1976).
  • Growth in output volumes accelerated in the three months to February compared with the same period one month earlier (+26% from +14%). Output increased in 13 out of 17 sectors, with growth driven by the chemicals and food, drink and tobacco sub-sectors.
  • Total order books were strong in February (+20%, from +24% in January), while export order books improved slightly and remained above their long run average (-7%, from -10% in January; average of -19%).
  • Stocks of finished goods were seen as inadequate again in February, but with some improvement shown for the second consecutive month (-14% from -17%).
Anna Leach, CBI deputy chief economist, said: “Manufacturers will be buoyed by strong order books and output growth, but amid ongoing cost pressures, almost 4 in 5 firms expect to increase prices in the next three months. “With high inflation dampening growth prospects in the wider economy, the Government must use the Spring Statement to help get businesses investing more, supporting higher growth, productivity and wages. That should start with a permanent Investment Deduction as a successor to the Super Deduction, which ends next year.” Tom Crotty, group director at INEOS and chair of the CBI Manufacturing Council, said: “It is great to see that total order books remained strong in February and that output volumes grew more quickly than in last month’s survey, increasing in 13 out of 17 sectors. “But with rising prices and inadequate stocks of finished goods, the cost-of-living crunch continues to bite across the sector, alongside continuing global energy and supply chain challenges. “While the Government must continue to address these shorter-term challenges, it must also look ahead and focus on productivity. For instance, with a future-focused approach to skills and regulation and an industrial strategy that instils confidence in manufacturers.”

Professional services firm announces plans to acquire financial planning business

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Leeds-based multi-disciplinary professional services firm, Progeny, has announced plans to acquire Chartered financial planning firm, RU Group. The deal, subject to FCA approval, will increase Progeny’s total assets under management to over £3bn and allow the business to expand its presence in South Yorkshire and the East Midlands. RU Group are wealth management and retirement experts with a team of 48 employees based across three offices, in Nottingham, Derby and Sheffield. Becoming part of the Progeny business will give RU Group’s clients access to an additional range of legal, financial and professional services via Progeny’s multi-disciplinary offering. The RU Group were established in their current form in 2003 but the origins of the business date back over 100 years. Andy Dyke, chairman, RU Group, said: “This is a momentous milestone in the RU Group’s history, securing the future for our clients, and we’re delighted to become part of the Progeny business. “We have built a well-established firm that is also well positioned for continued future growth, with Chartered status, a strong client-first ethos and a belief in the importance of embracing technology in the future of financial advice. “What’s more, we are committed to creating long-term prosperity for our clients, placing them at the centre of our decision-making. For all these reasons, Progeny and RU Group are an obvious fit.” Neil Moles, CEO of Progeny, said: “We’re very happy to welcome a firm with the prestige and heritage of RU Group into the Progeny fold. “As a locally owned and managed company, RU Group are embedded in the communities in which they operate. They have demonstrated consistent entrepreneurial organic growth in AUM and profitability, supported by a highly qualified and well-developed team with excellent potential for the future. “We look forward to welcoming RU Group’s clients to Progeny and offering them the chance to benefit from a vast range of additional professional services to meet all their legal and financial requirements. “Our acquisition strategy is driven by our commitment to providing a high-quality multi-disciplinary service to clients, and our acquisition of RU Group is the next step in this strategy. We have a clear philosophy for growth, and clients – existing and future – will always be at the heart of this. “This is a highly significant acquisition, in size and status, and we’re excited about what we can achieve together going forward.” As a result of the deal, Ian Browne, head of advice at RU Group, will become chief of advisory services at Progeny. On Ian’s appointment, Neil added: “Ian comes with a breadth of experience having managed large teams and worked in the industry for many years, both at Standard Life and most recently in his role at RU Group. The chief of advisory services position will be fundamental to the next stage of our growth and we are looking forward to welcoming the experience and energy that Ian will bring to the business.” A team from Progeny’s corporate legal department acted as legal adviser to Progeny on the transaction. RU Group were supported by their legal adviser, Ed Foulkes of Clarke Wilmott, together with Roderic Rennison and John Chapman of Catalyst Partners Ltd.

Commuted Sums bring about major improvements at Well Lane Play Area, Willerby

Willerby Parish Council have completed works at Well Lane Play Area, Willerby, using the £9,295 funding from East Riding of Yorkshire Council as part of Commuted Sums from local housing developments. In addition to the Commuted Sums funding, Willerby Parish Council provided £1,839 towards the £11,134 project. The funding from Commuted Sums allowed the Parish Council to purchase and install a Shade Sail in the centre of the play area to provide shelter from rain and shade from the sun on hot days  – previously, the play area didn’t have any covering, leaving visitors exposed to the elements. Caroline Handforth, Clerk at Willerby Parish Council, said: “The Parish Council are delighted with the installation of our fabulous new Shade Sail. We were hoping that it would be installed before the Spring, so we were thrilled when it was completed before Christmas! “We are now looking forward to it providing some welcome shade from the sun for both parents and children in the summer months (or alternatively shelter from an unexpected rain shower!). The Parish Council will also be hoping to install seating around the Shade in the future. Thank you once again to East Riding of Yorkshire Council Commuted Sums for the funding award.” Councillor Claire Holmes, portfolio holder for planning, infrastructure, and housing, added: “The completion of this project at Well Lane play area will make a real difference for the many users of this facility. It’s very pleasing that we have been able to facilitate this funding through Commuted Sums, provided by local housing developments as a condition of their planning approval.”