Yorkshire firm becomes 2nd in UK to gain Bureau Veritas test facility approval
Santander accelerates digital shift with branch closures and job cuts
Santander is closing 95 UK branches as part of a broader shift toward digital banking, putting around 750 jobs at risk. The bank will also shorten operating hours at 36 locations and remove counters from 18 branches.
The decision follows a 63% rise in digital transactions since 2019, while in-branch usage has declined by 61%. After the closures, Santander will operate 349 branches, including 290 full-service locations and five work cafés.
The bank says 93% of the UK population will still be within 10 miles of a branch, though some closure dates remain unconfirmed.
South Yorkshire SMEs to gain access to £40m in new growth funds
The South Yorkshire Pensions Authority has launched two £20 million investment funds to support small and medium-sized enterprises (SMEs) in the region. The funds aim to address funding gaps and drive economic growth.
FW Capital will manage the South Yorkshire Debt Fund, offering loans of up to £2 million for businesses in Barnsley, Sheffield, Doncaster, and Rotherham. The funding can be used for working capital, equipment purchases, recruitment, marketing, and product development.
Foresight Group will oversee the South Yorkshire Growth Equity Fund, which will provide equity investments of up to £2 million. The fund will participate in larger funding rounds, co-investing up to £15 million alongside other Foresight funds.
Both funds are designed to help businesses scale, create high-quality jobs, and stimulate regional innovation.
Lincolnshire offers free business advice to struggling farmers
Lincolnshire County Council funds business advice sessions to support farmers facing financial and regulatory challenges. The initiative, part of the Lincolnshire Farm Support Programme, follows a £50,000 funding boost in December to help farming businesses plan for the future.
Farmers can access one-on-one advice or group workshops on business planning, cash flow management, diversification, and succession planning. Savills delivers the sessions, which are coordinated by the Business Lincolnshire Growth Hub.
The council cited concerns over rising costs from National Living Wage and National Insurance increases and the sudden closure of the government’s Sustainable Farming Initiative, which previously provided guaranteed income for environmental land management.
Lincoln council expansion plan to be debated amid local government shake-up
Lincoln City Council is set to discuss a proposal to expand its boundaries, merging with parts of West Lindsey and North Kesteven to form a new “Greater Lincoln” authority. The plan will be reviewed in emergency meetings this week ahead of the government’s deadline for local government reform proposals.
The proposed authority would incorporate Lincoln alongside several neighbouring wards, aligning with urban interests rather than the surrounding rural areas. The council argues this would preserve Lincoln’s historical self-governance while creating efficiencies.
The government is encouraging councils to consolidate into larger single-tier authorities, with a suggested population target of 500,000. Lincoln’s proposal, which includes three separate authorities for the region, would not meet this threshold but is projected to save between £4 million and £26 million annually, with an estimated one-off transition cost of £15 million.
The council will submit its initial proposal to the government this week, with final plans due in November.
Streets Chartered Accountants covers payroll and HR updates, company vehicle changes, payroll outsourcing, and more in new news roundup
Sheffield attracts independent businesses with low costs and strong talent pool
Sheffield is emerging as a key location for independent businesses, driven by low operating costs, a skilled workforce, and a supportive business environment.
Operating costs in Sheffield are significantly lower than in cities like London or Manchester. There is affordable commercial rent, lower local taxes, and competitive wage rates. This cost efficiency allows small businesses to reinvest in growth.
The city benefits from a strong talent pipeline. Graduates from the University of Sheffield and Sheffield Hallam University provide businesses with skilled professionals in technology, marketing, and business analysis. Sheffield’s growing tech sector is also drawing innovative talent.
Support networks like Business Sheffield provide funding, advice, and resources to help small enterprises succeed. The city’s high quality of life, with access to green spaces and cultural attractions, further strengthens its appeal as a business hub.
South Yorkshire to move to bus franchising by 2029
The South Yorkshire Mayoral Combined Authority (SYMCA) has confirmed plans to transition the region’s bus network to a franchised model, ending decades of deregulation. The decision follows a public consultation in which 87% of respondents supported the move.
Under the new system, SYMCA will control depots, fleets, fares, ticketing, and service standards across Barnsley, Doncaster, Rotherham, and Sheffield. The first phase of publicly controlled services will launch in September 2027, with full implementation by July 2029.
The franchising model will include large contracts for major operators and smaller contracts to encourage SME participation. SYMCA has allocated £350 million from the City Region Sustainable Transport Settlement (2027-32) for fleet renewal and depot acquisition, alongside £5 million in transitional funding for 2025/26.
This move follows the public takeover of South Yorkshire’s Supertram last year and aligns with the region’s plan for an integrated transport system. SYMCA acknowledges financial risks beyond 2042 when a second fleet renewal cycle may create annual deficits, which it plans to offset through earlier surpluses.
The transition will wind down the South Yorkshire Enhanced Partnership Scheme, impacting existing operators like First South Yorkshire, Stagecoach Yorkshire, and TM Travel as they adapt to the new contract-based model.
Katharine Hammond has been appointed Chief Executive of SYMCA, with a salary of £220,000 per year. A full report on the consultation and the authority’s response is available on SYMCA’s website.