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Stove supplier secures £125k investment package
An investment package of £125k is supporting ambitious growth plans for Whitby and Guisborough-based Heritage Stoves, a family-run firm supplying wood burning and multi-fuel stoves.
This funding supports Heritage Stoves following the acquisition of Heritage Hearthstone Fires & Stones, which has been operating since 1997. Following the acquisition, Heritage Stoves will supply and install premium wood-burning and multi-fuel stoves from leading brands to domestic and business customers.
Founded in May 2024 by husband-and-wife duo Daniel and Stephanie Bird, Heritage Stoves brings together the couple’s skills. Daniel’s a qualified heating engineer, and Stephanie, with four years of experience managing the Guisborough office of Heritage Hearthstone Fires & Stones, was approached by its retiring owners to take over the business due to her deep familiarity with its operations.
Daniel said: “This investment marks an exciting new chapter for Heritage Stoves. Acquiring Heritage Hearthstone allows us to build on a trusted legacy while driving local economic growth. We’re committed to offering exceptional products and services to both consumers and businesses.”
The investment, provided by NPIF II – BEF Smaller Loans which is managed by the Business Enterprise Fund (BEF) as part of the Northern Powerhouse Investment Fund II (NPIF II), includes additional support from BEF’s Community Investment Enterprise Fund 2 (CIEF2), backed by Lloyds Bank and Big Society Capital, as well as the British Business Bank’s Start Up Loans programme.
Antony Nicholson, investment manager at BEF, said: “Daniel and Stephanie’s vision, combined with their industry expertise, demonstrates the transformative potential of strategic investment in local businesses. This is precisely the kind of venture NPIF II is designed to support.”
Lizzy Upton, senior investment manager at British Business Bank, added: “Securing finance to accelerate growth is a key part of a business’ journey, and this funding from NPIF II will play a transformational role in helping Heritage Stoves expand its operations following the acquisition. While allowing the company to purchase new stock, it will also be used to create and protect jobs, adding further impact to the local economy.”
The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
BEF specialises in delivering smaller loans between £25,000 and £100,000 to businesses in Yorkshire and Humberside. Committed to breaking down barriers to finance, BEF ensures SMEs across diverse industries receive the support they need to thrive.
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British Gas pledges 400 new apprenticeship roles this year
British Gas has used National Apprenticeship Week to announce it will have more than 400 apprenticeship roles available in 2025 to help accelerate the drive to net zero.
The new apprentices will be helping customers with energy efficiency advice, fixing boilers and installing net zero measures to help customers save on bills and reduce their carbon emissions. British Gas is aiming to attract more women into these roles to close the gender gap in engineering as well as people from underrepresented backgrounds. Training will take place at the Ofsted regulated and award winning British Gas Academies. It comes as new research by the company reveals a major shift in attitudes towards apprenticeships, challenging long-standing views on career and education choices. The research shows over half (55%) of UK adults said their view of apprenticeships has improved since they finished school, while only 2% report a negative shift. Additionally, nearly a quarter (23%) would now consider an apprenticeship to change careers, marking a shift in how we view work, training, and future prospects. When it comes to the reasons why, nearly three-quarters agreed apprenticeships offer a route to long-term job security, and two-thirds see them as means to build essential skills. Avoiding student debt (55%) and faster career progression than university (51%) also rank as key advantages. Chris O’Shea, CEO of Centrica, parent company of British Gas added: “It’s vital that we reflect the diversity of the customers and communities we support, and we’re committed to creating the workforce of the future that can deliver the UK’s net zero ambitions. Our apprenticeship programmes are a brilliant opportunity for anyone who is interested in pursuing a career, whether it’s their first ever job or they’re looking for a career change. Our schemes not only offer the chance to learn new skills, but also an entry point to a lifelong career, with plenty of opportunity to grow.”