Creative and cultural celebrations boost visitor spend in West Yorkshire
Lincolnshire food and drink gift company secures £500k investment
Asda invests in Yorkshire stores as part of £7.2m refurbishment plan
Asda is investing £7.2m in a store renovation programme across key locations in Yorkshire. The Leeds-based supermarket chain will refurbish stores in Kingswood, Harrogate, York, Pudsey, and Keighley by the end of 2025, as part of its broader strategy to improve the customer experience.
The refurbishments will include a revamped shop floor layout for easier navigation, new lighting, and neon signage aimed at modernising the stores. Additionally, Asda plans to allocate £4.6m to update two other stores in Grimsby and Stockton.
The project is set to begin in September, with each store’s refurbishment taking around seven weeks. The chain assured that stores will remain open throughout the work.
This follows the success of a £2m renovation at Asda’s Pilsworth store in Bury, completed earlier this year. The company intends to expand the renovation programme to more UK locations in 2026.
FinTech growth fuels £5bn boost to the North of England’s economy
The FinTech sector in the North of England is now adding £5 billion to the regional economy each year, with nearly 400 firms employing close to 20,000 people. This contribution is growing, as the workforce across FinTech and related sectors swells to almost 70,000.
The North, which accounts for over 20% of the UK’s population and generates £344 billion in economic output, has long been recognised for its importance in driving national economic growth. The region’s educational infrastructure, with 42 universities and over a million students, further supports its rising prominence in FinTech.
New recommendations aim to accelerate sector growth, such as a dedicated FinTech Accelerator, Investment Fund, and Reskilling Programme. The report also highlights the concentrated FinTech clusters in cities like Manchester, Leeds, and Liverpool, where Payments, Banking, and WealthTech dominate.
Despite a strong economic footprint, the report points to gaps in diversity, noting the low percentage of female founders. Nevertheless, with continued investment and support, the sector is poised to play an even greater role in the UK’s broader financial technology landscape.
This data underscores the North’s growing influence as a key player in global FinTech.
Small businesses adopt technology and eco-friendly measures to reduce costs
Small business owners are increasingly turning to technology and sustainable practices to tackle operational challenges and reduce costs, according to recent research from Smart Energy GB.
The study reveals that over 84% of small business owners are confident in using new digital tools, with a significant focus on automating time-consuming tasks. Key areas for automation include accounting, invoicing, customer communication, marketing, and tracking energy costs.
Financial pressures are also a concern, with 22% of respondents identifying energy costs as a significant burden. Despite this, only 24% feel completely in control of their cash flow and financial planning.
Sustainability is also a growing consideration for small businesses. The research shows that 84% of owners see sustainability as an important factor in their decision-making. Many are now considering eco-friendly technology, with 73% more likely to invest in sustainable tech if it offers a cost benefit. Additionally, 31% of respondents say they are responding to customer demand for more sustainable practices.
Efforts to reduce environmental impact include waste reduction (30%), energy-saving initiatives (25%), and upgrading to more energy-efficient technology (22%). For many, these measures are seen as both environmentally responsible and beneficial for long-term business sustainability.
Coastal flood defences at risk of failure unless significant investment is made
Flood defences along Lincolnshire’s coast are expected to become ineffective by 2040 without substantial funding, according to the Environment Agency (EA). A failure of the coastal defences could result in flooding in areas such as Mablethorpe, with floodwaters reaching around 1.3 metres, and Ingoldmells, with up to 1.6 metres of water.
The flood defences, stretching 30 miles from Saltfleet to Gibraltar Point, are under pressure, with nearly 90% predicted to fail in the next two decades. The region, which lies below sea level, relies heavily on these defences to protect over 20,000 homes and 38,000 static caravans. Without immediate action, the area’s flood protection could be compromised.
The Environment Agency has estimated that replacing the existing flood defences will require billions of pounds. Additionally, ongoing maintenance costs, such as the replenishment of sand along the coastline, are currently between £10 million and £15 million annually.
To address this growing issue, a masterplan is set to be developed by 2028, with the aim of securing funding and contracts by 2036. Local councillors have highlighted the urgent need for investment to prevent economic decline in local holiday resorts. If adequate funding is not secured, a “managed retreat” approach may need to be considered, potentially leading to long-term consequences for the region’s infrastructure and economy.
Pets at Home revises profit forecast as market remains challenging
Pets at Home has lowered its profit expectations for the current financial year, citing weaker-than-expected retail performance. The company now anticipates annual profits to be between £110 million and £120 million, a significant reduction from last year’s £133 million and the previous forecast of £115 million to £125 million.
The retailer reported a 3% decline in like-for-like sales over the 16 weeks to July 17, marking its third consecutive quarter of negative growth. This drop comes as the overall pet retail market struggles, with growth projected to be just 1%, down from an earlier estimate of 2%.
The company has attributed its revised outlook to subdued market conditions and an uncertain consumer environment, which have affected its trading performance. Despite efforts to control costs, including tight cost management measures, the retailer has faced additional challenges, such as a £20 million increase in wage-related expenses.
However, Pets at Home noted that its Vet Group segment has been performing well, with like-for-like revenue growth of 7.8%. Additionally, the company has seen a rise in its Pets Club membership, which now totals 8.1 million customers, contributing 14.5% of its revenue from subscriptions.
Plans for new housing development at Red Hall Nursery site approved in Leeds
Leeds City Council has approved plans for a new residential development on the former Red Hall Nursery site in Shadwell, Leeds, marking a significant step in the ongoing East Leeds Extension project. The development will include over 350 homes, to be built by Redrow Homes on the 29-hectare site.
The plans encompass 352 homes, with a mix of housing types and the refurbishment of key historical structures, such as the Grade II-listed Red Hall House. The project also includes the creation of green spaces, communal areas, an orchard, and a civic space for public use. The development will make use of the existing Gate House, with some outbuildings being converted into garages and storage areas.
This approval follows Redrow’s acquisition of the site in 2021. The former nursery was the city’s main horticultural production site until 2017, after which operations were moved to the Arium in Whinmoor. The new development is part of the larger East Leeds Extension, which has the capacity for around 5,000 new homes, designed to support the region’s growing residential needs.
Despite some objections regarding potential traffic congestion and concerns over preserving the historic elements of the site, the council has granted planning permission, with conditions attached.
Civil engineering company doubles space at Leeds office building
Demolition of derelict Crimea Tavern building begins in Castleford
Cllr Denise Jeffery, leader of Wakefield Council, said: “The Crimea has been derelict for far too long. So, it’s welcome news that demolition work is starting as a first step in our ambition to open up this part of Castleford’s historic riverside.