Raft of businesses to move into Sheffield’s Heart of the City development

Multinational companies, local independents, cafes, and creatives are among the five new businesses moving into Sheffield City Council’s Heart of the City development over the coming months.

They include Danish inspired HYGGE café, an independent local business who are expanding into the ground floor of Elshaw House whilst keeping their existing sites at Fitzalan Square and Eyre Street.

Global professional services company Turner & Townsend has also agreed to move into Elshaw House, becoming the second major business to take up space in Sheffield’s first zero-carbon office block. The multi-disciplinary project management and programme delivery firm has been working with Sheffield City Council and Queensberry on delivering the Heart of the City project. Chris Sargent, Managing Director, Real Estate UK at Turner & Townsend, said: “We are thrilled to be moving to Elshaw House, a pioneering development that aligns perfectly with our commitment to sustainability and wellbeing. “This move not only provides us with a larger, state-of-the-art workspace but also places us at the heart of Sheffield’s vibrant and transformed city centre. The exceptional amenities and green credentials of Elshaw House will undoubtedly enhance our team’s productivity and overall work experience. “We are especially proud to relocate to a building that we played a significant role in delivering as Project and Cost Managers as part of the Heart of the City II development. This achievement reflects our dedication to excellence and innovation, and we look forward to continuing our growth and success in this outstanding new location.”
In addition to Turner & Townsend and HYGGE, three other companies will be moving into the area in the coming months including Barclays Bank, Two Thirds, and AllStore. AllStore is a Sheffield-based company that will create a multi-use space including three film editing studios and a small flexible workspace for production companies and freelancers to use, with the front of the unit transformed into a café and independent retail outlet. Two Thirds are a craft beer and German street food bar who are expanding and opening a new European inspired beer hall on the ground floor of Elshaw House to add to their Abbeydale Road bar. Barclays Bank will be moving into a new unit on Pinstone Street, opposite the Peace Gardens and next door to the Radisson Blu Hotel. Cllr Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “The latest round of announcements goes to prove that we’re not slowing down when it comes to offering residents and visitors to the city the best selection of retail, food and beverage and office space. “Sheffield is changing, it’s transforming into a fantastic place for people to work, live and enjoy with our flagship project right at the heart of that. But we’re not stopping there, interest remains high in the scheme, and we will have more exciting announcements to come in the next few weeks and months.”

Work underway on energy efficient new homes in Doncaster

Work is well underway at an affordable housing development in Doncaster which is set to see over 50 homes built in the area. Together Housing, a social housing provider based in the North of England, is working with house builder, Wordsworth Properties, to provide energy efficient, affordable homes in Balby. Marking the progression made on site, both organisations, as well as representatives from Identity Consult, were joined by Councillor Glyn Jones, Deputy Mayor and Portfolio Holder for Housing and Business from City of Doncaster Council, and Ben McLaughlin, Senior Manager of Affordable Housing Delivery for Homes England, to see the work commencing and speak to the teams involved in the process. The scheme off Cross Bank has been designed to support a range of housing needs in Doncaster and comprises one, two, three, and four-bed homes built in a considered mix of terraced and semi-detached homes. Funded through the government’s Homes England funding scheme, the development aligns with Together Housing’s Net Zero commitments; each home will be fitted with energy upgrades including solar panels, EV charging points and Air Source Heat Pumps. Two-bed adapted bungalows are being built, fitted with an accessible kitchen layout including adjustable worktops and a level access shower. Ceilings have been designed to support the need of a hoist and each bungalow will also be fitted with an electric wheelchair charging point, located inside the property. In addition to the 39 affordable rent homes, the project is also set to deliver 18 homes for shared ownership to be managed and sold via Together Homes, part of the Together Housing Group. Councillor Glyn Jones, Portfolio Holder for Housing and Business, said: “As part of our five-year Housing Delivery Plan, we are committed to enhancing housing options for older residents, families and individuals with physical disabilities. These new homes align with our goals, ensuring that local communities benefit significantly. “Designed with affordability and energy efficiency in mind, these homes will provide comfortable living while also prioritising sustainability. Through thoughtful development, we are not only meeting housing needs but also protecting and enhancing the natural environment for future generations. “We are incredibly excited to see this project come to fruition and witness the positive impact it will have on the lives of local residents.” Dai Howells, Assistant Director of Development at Together Housing, said: “Cross Bank is shaping up to be a dynamic development and we were thrilled to show Councillor Jones and Ben McLaughlin how we’re contributing to the affordable homes offering in Doncaster. “We’re passionate about developing communities for future generations and to have three housing types available and homes for shared ownership widens the market for more people. “It’s been great working with Wordsworth Properties to deliver energy efficient homes that meet high quality standards and we’re eager to share the completed development with the local community in the coming year.”

Croda reports lower profits and sales amid challenging economic conditions

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Croda International, a chemicals company based in East Yorkshire, has posted a decline in sales and profits for the year ending 31 December 2024. Group sales dropped to £1.63 billion, down from £1.69 billion in 2023, with pre-tax profits falling to £207.8 million, compared to £236.3 million the previous year.

Despite the weaker sales growth, Croda focused on cost reduction and operational efficiency, which helped meet profit expectations. The company highlighted improvements in its Consumer Care division, especially in Fragrances & Flavours, and solid growth in New & Protected Products. However, the absence of COVID-19-related demand for lipids and weak consumer health sales impacted its Life Sciences division. On a positive note, Crop Protection saw stronger performance in the year’s second half.

While the economic climate remains subdued, Croda has seen more stable customer inventories and demand across various markets. The company is ramping up innovation efforts to meet renewed customer interest, particularly after a slowdown in new product development during the pandemic.

Smith+Nephew boosts profits and revenues despite workforce reductions

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Smith+Nephew, the Hull-based med-tech company, reported a solid financial performance for 2024. Revenues were £4.6 billion, up from £4.4 billion the previous year. Profits also significantly increased, rising to £394 million, compared to £228 million in 2023.

The growth follows the implementation of the company’s 12-Point Plan, which drives operational changes and restructuring. As part of the plan, Smith+Nephew has reduced its workforce by nearly 9%, including more than 1,000 job cuts in 2024. Most of these reductions occurred in the year’s final quarter.

Over 60% of revenue in 2024 came from products launched in the last five years. The company also focuses on improving operational efficiency, with two years of margin expansion and strong cash flow generation.

Looking ahead, Smith+Nephew is targeting continued revenue growth in 2025. To drive improved returns, the company will emphasize product development and further efficiency gains.

New rules aim got make it easier for SMEs to win Government work

A more open public procurement regime driving value for money is now in place through the Procurement Act 2023, setting rules that all public bodies must follow when they buy goods and services. The Act will boost growth by slashing red tape for SMEs applying for government contracts – combining multiple regulations into one simple set, and publishing procurement data in a standard, open format on a Central Digital Platform. The changes open up opportunities for small businesses to bid for public sector contracts, helping deliver growth and opportunity across the UK. It ends late payments that put small businesses at risk, introducing a mandate of 30-day payment terms for all public sector contracts. Costs for both business and the public sector will be reduced through simple new processes that drive innovation, offering greater flexibility for buyers to tailor procurement to their exact needs. For example, providing public bodies more opportunities to negotiate with suppliers, and using built-in stages to procurement cycles such as demonstrations and testing prototypes. Cabinet Office Minister Georgia Gould said: “Public sector procurement can now fully deliver on the Plan for Change – unleashing local growth, opening up opportunities and embedding transparency and accountability.

“The Procurement Act will tear down barriers that stop small businesses from winning government work, giving them greater opportunity to access the £400 billion spent on public procurement every year, investing in home-grown talent and driving innovation and growth.

Shirley Cooper, Crown Representative for Small Businesses, said: “This change to public procurement laws will provide enormous opportunities for small businesses to take a greater share of contracts. The Act, which goes live alongside our bold new National Procurement Policy Statement, will drive economic growth and deliver on the Government’s Missions and the Plan for Change.”

New laws create ‘bonus ban’ for bosses of firms polluting UK rivers

Major new laws to crack down on water bosses polluting Britain’s rivers, lakes, and seas have been created in the most significant increase to enforcement powers in a decade. The Water (Special Measures) Act 2025 will give regulators new powers to increase the ability of the Environment Agency to bring criminal charges against water executives who break the law. It will create new tougher penalties, including possible imprisonment, for water executives who obstruct investigations, and give Ofwat the power to ban payment of bonuses to water bosses if they fail to meet high standards to protect the environment, their consumers, and their company’s finances. Other measures in the Act include automatic penalties to allow regulators to issue penalties more quickly, without having to direct resources to lengthy investigations. It will also introduce independent monitoring of every sewage outlet, with water companies required to publish real-time data for all emergency overflows. Discharges will have to be reported within an hour of the initial spill. Environment Secretary Steve Reed said: “Polluting water bosses will no longer be paid undeserved bonuses. And if they break the law over water pollution, they could end up in the dock and face prison time. “This is just the beginning. The Independent Water Commission will report back later this year to shape new laws that will transform our water system so we can clean up our rivers, lakes, and seas for good.”

AspinallVerdi moves to new premises at The Calls after strong growth

Independent property regeneration and development consultancy AspinallVerdi has doubled the size of its head office with a move at The Calls in Leeds. The move comes in the wake of growth in staff numbers and rising demand for its services from an increasing number of clients. The consultancy has moved from its 975 sq ft location at Studio 7 46 The Calls to occupy the 1,630 sq ft entire top floor at number 31, accommodating 24 staff and providing space for further expansion. The firm’s new HQ reflects its sustained and ongoing growth, strong financial performance and its commitment to reinforcing its regional and national presence for an expanding workload across the public and private sectors. AspinallVerdi now employs more than 30 staff in total at Leeds and offices in London, Liverpool, Newcastle and Birmingham. Executive chairman Atam Verdi, who co-founded the consultancy with managing director Ben Aspinall in 2009, said: “We’ve almost doubled the space of our previous home, enjoy a 270-degree view of The Calls and provide a contemporary, professional and inspiring workspace for our growing team in Leeds. “We recently recruited four new members of staff and plan to add to our numbers in 2025 as we continue to attract and retain top talent. We are a client focused consultancy that is increasing its range of services and through recruiting and retaining excellent staff we can continue to provide high quality service to our clients. “Our financial performance at Leeds and our other offices remains strong and demand for our expert and tailored services from our public and private sector clients continues to grow.”

UK pharmacies warn of financial crisis, may cut hours

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The National Pharmacy Association (NPA), representing 6,000 independent pharmacies, warns that rising costs could force its members to take collective action, including reduced operating hours, if the government does not provide additional funding soon.

According to the NPA, pharmacies in England face £250 million in unplanned costs from April due to increases in National Insurance, the National Living Wage, and business rates. Unlike other businesses, pharmacies cannot adjust pricing to offset expenses, as around 90% of their revenue comes from NHS-funded services.

A recent NPA ballot found that 99.7% of participating pharmacies support collective action if funding does not improve. The group says pharmacy closures have already reached record levels, and those remaining are under severe financial strain.

The Department of Health and Social Care stated that it is consulting with Community Pharmacy England on funding and will provide an update when it has the opportunity.

Oncimmune seeks funding as contract delays impact cash flow

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Oncimmune Holdings has hired Alvarez & Marsal to help secure additional financing for its trading subsidiary. The Leeds-based precision medicine company cited slower-than-expected contract conversions as a key factor in its need for funding.

The company is also exploring strategic partnerships and business synergies. Despite current financial pressures, Oncimmune stated it remains confident in its long-term prospects. It highlighted ongoing discussions for 11 projects worth over £1.8 million and potential follow-on contracts from existing clients. However, the company acknowledged uncertainty around the timing and value of these deals.

Rotherham Gateway Station bid focuses on regeneration despite weak transport case

Plans for a new mainline railway station at Parkgate in Rotherham are moving forward. To secure funding, supporters are emphasising the project’s economic regeneration potential.

A masterplan has been completed, but local officials acknowledge that current government evaluation criteria show “weak transport benefits” for the integrated mainline station and tram train stop. The project remains under the Department for Transport’s oversight, requiring a business case aligned with Treasury guidelines.

In 2022, the government blocked £8 million in regional transport funding for the station, citing the need for integration with national networks.