Sunday, June 8, 2025

Drax to invest in ‘FastRig’ sail project to cut shipping sector carbon

Drax Group is to invest £1m into a partnership with Smart Green Shipping to develop and use innovative wind-assisted ‘FastRig’ technology, which will be used to help decarbonise the shipping sector. The Drax £1m will be matched by funding from the Government’s Clean Maritime Demonstration Competition grant, which will see Smart Green Shipping’s, lightweight, retractable wingsail installed on a vessel, with a view to demonstrating how the technology can reduce fuel consumption and resulting emissions by up to 30% per year. Smart Green Shipping is currently undertaking sea trials of FastRig on one of Nuclear Transport Solutions’ specialist vessels, the Pacific Grebe – a purpose-built ship designed to carry nuclear cargo around the world safely. The sea trials will conclude by the end of October and will provide Smart Green Shipping with accurate, independently verified performance data. The greenhouse gas emissions from shipping contribute around 3% of all global emissions, having risen 20% over the last decade. An earlier feasibility study conducted in partnership with Drax demonstrated potential fuel savings on ships equipped with FastRig of up to 30% per year on transatlantic routes. If the latest demonstration is successful, work to install the technology on a commercial biomass vessel can begin, helping to decarbonise this hard-to-abate sector. The technology could also prove vital to further reducing supply chain emissions from the bulk transport of Drax’s sustainable biomass, which is used to produce around 8% of Britain’s renewable power. Diane Gilpin, CEO and founder of Smart Green Shipping said: “Wind is abundant, free, and exclusively available to any ship equipped to use it. Modern 21st century easily retrofittable wing sails lower the cost of propelling ships, which reduces the dependency on commodity-based fuels – whether fossil or alternative fuels – and improves supply chain certainty. Smart Green Shipping shares a joint mission with Drax Group to use renewables to move renewables. We are immensely grateful for the support from Drax Group to create seamless and easy-to-access wind solutions for cargo owners and ship owners. The first commercial installation of FastRig is incredibly exciting and an important milestone as we derisk the transition to wind for the whole shipping ecosystem.” Miguel Veiga Pestana, Chief Sustainability Officer at Drax said: “Smart Green Shipping’s technology represents a landmark moment for the maritime energy transition and Drax is proud to provide this funding, which re-affirms our commitment to becoming a carbon-negative business by 2030. We look forward to continuing our longstanding partnership as we work together on this exciting project, which could allow us to significantly reduce emissions from the shipping of sustainable biomass, and help to decarbonise a crucial part of our global supply chain.”

Law firm’s fees top £30m after 14% increase

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Lincolnshire and East Yorkshire law firm Wilkin Chapman has increased fee income by 14% across its offices in Grimsby, Lincoln, Beverley, and Louth in in the last financial year.

Fee revenue of £31.17m bat the previous year’s total of £27.4m in the last financial year, with all four of the firm’s offices achieving increased revenue. revenue rise – with particular growth in Beverley and Grimsby. Net profit was much the same at 24%.

Senior Partner Chris Grocock said: “We are very pleased at the continuing confidence in us as a firm from established and new clients and it is testament to the quality of our support that we have achieved such growth. This follows strong growth in the previous financial year which had seen an increase of more than 10% in fee revenue.

“Importantly this growth has enabled us to invest in our people and infrastructure to further help develop the business in the medium term.”

Farmers’ Friday deadline approaches for free energy efficiency assessment

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Farmers have until Friday to register for a change to get a fully-funded assessment aimed at reducing greenhouse gas emissions and improving farm efficiency. The offer comes from the York and North Yorkshire Combined Authority, in partnership with NFU Energy, has launched a farm decarbonisation initiative offering 30 farms in North Yorkshire the unique opportunity. Funded by North Yorkshire Council through the UK Shared Prosperity Fund, farmers will receive tailored assessments designed to meet the unique needs of their operations. These include energy audits to identify ways to reduce consumption and lower costs, renewable energy feasibility studies exploring options like solar or wind power, biodiversity assessments to improve farm habitats, and soil carbon analysis to evaluate soil health and carbon sequestration potential. Each assessment is geared toward supporting farm decarbonisation, offering practical, actionable recommendations to help lower GHG emissions while promoting long-term economic resilience. The project aligns with York and North Yorkshire’s Routemap to Carbon Negative by 2040 and the North Yorkshire Council’s Climate Change Strategy, both of which focus on reducing emissions across all sectors, including agriculture. David Skaith, the mayor of York and North Yorkshire, said: “York and North Yorkshire’s farmers already lead the way in many aspects. We have high standards of food production and we’re also ambitious on the environment. “With more than 70% of our area used for agriculture, farming has a big part to play in our ambition to become carbon negative by 2040. But we also understand the financial pressures that farmers are facing today. So, this initiative offers cost savings with environmental benefits. “By partnering with NFU Energy, we are helping farmers improve their productivity and efficiency by working with them to embrace low carbon technology, embrace natural resources and create more resilient, sustainable food supply chains.” Contact NFU Energy on 024 7669 6512 for more information.

SME exports total slips back after promising quarter

The Trade Confidence Outlook by the Insights Unit at the British Chambers of Commerce shows the percentage of SME exporters reporting increased exports has fallen back in Q3 by five percentage points after an uptick in Q2. Overall, 22% of SME exporters reported an increase in export sales, while 24% reported a decrease and 54% reported no change. The position for advance orders is even less optimistic with 19% of SMEs reporting an increase, 56% no change, and 25% a decrease. SME exporters are consistently more likely to report decreased exports compared to before the pandemic and Brexit. In Q2 2018, only 14% of SME exporters reported a decrease in overseas sales, in Q3 2024 it stands at 24%. By contrast, domestic demand for SME exporters remains consistently more buoyant, with 32% reporting an increase in domestic sales in Q3 2024, against 22% for overseas sales. SME manufacturers are slightly more likely to report increased overseas sales, with 26% reporting a rise in exports. This compares to SME services exporters supplying end customers (B2C), where 20% saw an increase, while 20% of firms supplying services to other businesses (B2B) saw a rise. However, the picture for advance orders showed no improvement, with 24% of SME manufacturers reporting an increase, 16% of B2C firms and 17% of B2B businesses. William Bain, Head of Trade Policy at the BCC, said:     “While the UK economy made a brighter start in 2024, it’s an increasing concern that this is not translating into a better performance on exports for our SMEs. “It’s also alarming that our research shows the services sector is experiencing a harder time than manufacturers, as it has been the UK success story since the pandemic. “The Government’s forthcoming Trade Strategy needs to be laser focused on addressing the issues which are holding back exporters of both goods and services. “There are some positive actions already underway. These include significant trade negotiations restarting, the UK’s imminent accession to the Pacific region’s largest trade bloc, more focus on digital trade and a commitment to an improved EU trading relationship. “But business will want to work with Government at pace, to put in place a framework that makes use of all the UK’s advantages to unleash our exporting potential. “The Government’s recent announcement of a new supply chain taskforce, to increase resilience, is also an essential step.”

Football arena and sports bar seeks buyer following appointment of administrators

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Active Arena CIC has appointed Mark Hopkins and Ian Rose of FTS Recovery Ltd as joint administrators following the closure of their customer-facing premises on 3 October 2024. The company, which has operated a community football arena and sports bar in Lincolnshire since 2019, was forced to cease trading on 10 October 2024 when severe cashflow shortages resulted in the disconnection of the Arena’s electricity supply. Despite the popularity of the Active Arena venue, the company’s profit margin had been seriously depleted by rising energy prices and other cost increases associated with the cost-of-living crisis. With the company’s cashflow already stretched by Covid, this ultimately made it impossible to continue trading. FTS Recovery is now actively seeking a buyer for the company and its assets, with a view to its continued trading as a going concern at their current premises. The sale will be managed by FTS Recovery’s appointed agents, Eddisons. Mark Hopkins, insolvency practitioner, FTS Recovery Limited, said: “The closure of the Active Arena site will be a blow to the local community who have welcomed the award-winning facility as a fun and safe place to socialise and become active. We are eager to arrange a sale that will allow the company to return to serving its loyal customers as quickly as possible. “The Arena is an excellent opportunity for the right buyer to build on what is already an integral part of the community with a strong customer-base and brand recognition.”

Pet food business secures £15m investment to support growth

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Pure Pet Food, which provides personalised dog food delivered to customers’ doors, has raised £15m from Felix Capital and existing investor Mercia Ventures. The latest investment will support the further expansion of the Yorkshire-based business following a period of rapid growth. Pure Pet Food was founded in 2013 by childhood friends Daniel Valdur Eha and Mathew Cockroft with a £300 loan. Their ambition was to create an alternative to traditional kibble, through the manufacture of natural, healthy and easily digestible food for dogs. The business now employs over 100 people at its manufacturing site and offices in Cleckheaton and serves 40,000 regular customers throughout the UK, who pay a monthly subscription and receive regular deliveries of pet food tailored to their dog’s needs. Since 2013 Pure has served over 42 million meals to dogs all around the country. Sales have grown by over 200% in the last two years. The company appointed new CEO Roz Cuschieri in April 2023, who has previously held senior roles at Warburtons and Genius Food, to work alongside the founders.  The latest investment is to fuel further expansion both in the UK and new markets and enable the company to develop its distribution channels and product range. Mat Cockroft, co-founder of Pure Pet Food, said: “We are thrilled to partner with Felix Capital, whose vision for Pure aligns perfectly with ours. We are also delighted for the ongoing support from our current investors and team, who believe in our mission and sector. Dan and I have come a long way from starting Pure. “Our ambitions have grown alongside the business, and we are eager to continue in our quest to create food that makes a profound impact on the health and happiness of our dogs.” Jan Oosthuizen, Investor at Mercia Ventures, said: “Pure has gone from strength to strength in recent years, a testament to the dedication and hard work of Dan, Mat, Roz and the team. “The company’s vision and ambition consistently excite us, so we are delighted to continue to support them in their pursuit of future milestones and to partner with Antoine and the wider Felix team.” Antoine Nussenbaum, Co-Founder and Investor at Felix Capital, said: “In a world where people opt more and more for pethood over parenthood, we are humbled and excited to join this journey alongside Jan at Mercia, as well as Miles Hill and Sarah Doyle from Pure. “We will be supporting the whole team at Pure with their mission to become a leading, high-quality, sustainable, and distinctive modern brand for pets.” Pure Pet food Ltd were advised by Womble Bond Dickinson and BHP LLP. Mercia Ventures were advised by Muckle LLP and Philip Hare & Associates. Felix Capital were advised by Latham and Watkins, and Mazars LLP.

Scarborough Group International expands life sciences portfolio with acquisition of the Old Medical School in Leeds

Scarborough Group International has expanded its life sciences portfolio across Yorkshire with the acquisition of the Old Medical School in Leeds. Since being selected as the preferred bidder for the property by Leeds Teaching Hospitals NHS Trust in May 2024, Scarborough Group International has been operating under an exclusivity agreement to develop its plans for the historic building’s ambitious redevelopment into a cutting-edge Health Tech Innovation Hub. As a key component of the city’s new Innovation Village, the 75,000 sq ft building will be designed to support Health Tech innovation activity around Leeds Teaching Hospitals’ Innovation Pop Up, alongside start-ups, established industry players, academic institutions, government initiatives and community organisations. Featuring co-working spaces, meeting rooms, event areas, offices and laboratories, the hub will be a catalyst for collaboration to advance scientific research into practical healthcare solutions, driving economic growth and improving patient care. By integrating historic architecture with contemporary innovation, the hub will cultivate creativity, collaboration and technological advancements that will shape the future of healthcare within Leeds and the wider West Yorkshire region. Simon McCabe, Scarborough Group International Chief Executive, said: “This is a pivotal moment for us at SGI as we deepen our commitment to the UK’s life sciences sector. “We fully support the Government’s vision of building a world-leading healthcare and life sciences hub. The sector holds tremendous potential to not only boost economic growth but also improve health outcomes for thousands of people across the UK. We’re proud to be part of this transformative journey.” Professor Phil Wood, Chief Executive at Leeds Teaching Hospitals NHS Trust, said: “I’m delighted we’re moving forward with the redevelopment of the Old Medical School. This grand building will soon become a leading Health Tech Innovation Hub, something Leeds can be truly proud of. “It’s a key part of the wider Innovation Village, which will revolutionize health and life sciences development while complementing the new state-of-the-art hospital at Leeds General Infirmary. This hub will drive innovation that will directly impact patient care for years to come.” Tracy Brabin, Mayor of West Yorkshire, added: “As the home of NHS England and Europe’s largest teaching hospital, Leeds is already a global hub for health innovation. We’re ranked among the top five cities in the world for Health Tech firms. “With our multi-million-pound Investment Zone, projects like the Old Medical School are pushing our region to the forefront of the global Health Tech sector. By bringing together universities, clinicians, businesses, and investors, we’ll drive life-changing technological advancements, grow our economy, and build a brighter future for West Yorkshire.” Councillor Jonathan Pryor, Deputy Leader of Leeds City Council, said: “The new hospital and Health Tech Innovation Hub are key elements of our £1.5 billion Innovation Arc and wider regional Investment Zone. “These developments are essential to delivering innovation that leads to a healthier, greener, and more inclusive future for everyone. This progress reinforces Leeds as a leading Health Tech hub, benefiting both the city and patients, and it is a testament to the power of collaboration.” Fox Lloyd Jones supported Leeds Teaching Hospitals NHS Trust throughout the marketing, developer selection, negotiation and disposal process for the Old Medical School.

Leeds office building snapped up for hotel conversion

Whitbread PLC, the parent company to the Premier Inn hotel chain, has acquired the freehold of a 42,000 sq ft office building (GIA) in the South Bank area of Leeds City Centre which it intends to redevelop into a Premier Inn hotel offering around 120 bedrooms, subject to planning permission. The detached building, which was built in 2000, is strategically positioned for re-use as a hotel given its city centre location and proximity to Leeds Railway Station, which is less than a three-minute walk away. Whitbread intends to retrofit the L-shaped building into a Premier Inn hotel and seek planning consent for an extension. Jill Anderson, Acquisitions Manager for Whitbread, said: “Whitbread has a long and successful track record of converting office buildings into popular budget hotels. It is a proven route to expanding our presence in popular locations like Leeds City Centre where development opportunities are limited and where we have a requirement to grow. “Converting offices into hotels also provides obvious benefits to the environment by extending the life of existing buildings and reducing the embodied carbon of development. “Verity House makes for a superb hotel location given its proximity to the station and all the amenities in Leeds City Centre. It complements our existing network of eight Premier Inn’s across the city and as a freehold purchase it demonstrates Whitbread’s willingness to take on planning and development risk to secure exceptional locations for our guests. “The location has huge potential and I’m looking forward to working with the City Council’s planning team on repurposing the building.” In acquiring Verity House, Whitbread was advised by WSB property consultants. The vendor was advised by Commercial Property Partners.

Precision engineers secure grant to invest in solar energy

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A precision engineering company using sparks of electrical energy to cut through metal has invested in solar panels to reduce sky-high energy bills. Erodatools has gained grant support to help install 240 solar panels on the roof of the Penistone factory it has owned for 52 years. The second-generation family business specialises in electrical discharge machining (EDM) and CNC milling and turning which use energy-intense wire and spark erosion techniques to cut through conductive metals and mill intricate 3D component parts for industry. Its new 102kwp photovoltaic system will generate more than 72,000 kwh green energy a year to help feed this power-hungry process. It is estimated that this will slash the business’s annual electricity bills by £17,000 and reduce carbon emissions by 14.07 tonnes a year too. Erodatool’s investment in solar power has been backed by a Low Carbon Grant delivered by Barnsley Metropolitan Borough Council through Net Zero Barnsley and supported by the South Yorkshire Mayoral Combined Authority (SYMCA); part-funded by the government’s UK Shared Prosperity Fund (UKSPF). Erodatools works manager Caroline Healey said: “As the business has grown, the amount of electricity we use has grown too and recent price hikes and shocks to the market have been challenging. “The greatest proportion of our electrical consumption goes into our EDM and machining and we’ve known for a while that we have to do something to make us more resilient. “But our investment in solar panels would have been significantly delayed until we could raise the funds if not for the support we’ve received to cover the initial outlay. “The Low Carbon Grant essentially means that the photovoltaic system will pay for itself within four rather than five years. It’s great to have it up on the roof and working; helping us to reduce our dependence on the energy grid and reduce our carbon footprint.” Erodatools was set up in 1972 by Ken and Tony Rolfe, Caroline’s dad and uncle. It employs a team of 12, including her brother Chris and sister Charlotte. Turbine Energy of Doncaster fitted solar panels to the roof of the business’s 6,000 sq ft premises at Laurence Works and these have already started to help power 33 machines in the company’s workshop. Enterprising Barnsley business support advisor Matthew Smith, who helped the company secure the Net Zero Barnsley grant, said: “Erodatools has built an excellent reputation as a specialist in precision engineering over the years, but intense EDM machining makes them, by nature, a high electricity demand business. “We’re very pleased to have helped them secure a Low Carbon Grant to help them invest in solar panels so that they can start to generate some of their own green energy in-house as quickly as possible. “The sooner a company is able to invest in innovative renewable energy solutions which suit their business, the sooner they will reap the long-term benefits both in terms of profitability and sustainability.”

Latus Group acquires Yorkshire and Lincolnshire-based occupational health business

Latus Group has acquired Yorkshire and Lincolnshire-based business, OH Services Limited (OHS).

The business is a prominent regional provider of occupational health services and is well-regarded for delivering highly specialised bespoke medical assessments tailored to the needs of the oil & gas, maritime and safety critical industries.

Operating from two key clinic locations in North East Lincolnshire and Yorkshire, OHS has built a strong reputation for its expertise in conducting a range of industry-specific medicals.

Latus works with businesses across a range of sectors to support their people achieve healthier working lives through proactive, preventable healthcare that supports regulatory compliance; improves colleague health & wellbeing and enhances employee engagement.

The acquisition of OHS further strengthens the Latus proposition, broadening the medical expertise across the Group, creating additional capacity for the combined customer base and increasing geographical reach. It also provides the business with greater access to the strategic markets of maritime, offshore renewables and oil and gas. Following the acquisition, Latus plans to invest in additional strategic locations, including Aberdeen and Norwich, to service these industries on a national scale. Jack Latus, CEO of Latus Group, said: “Our mission is to improve access to high-quality, data-driven healthcare in the workplace. The acquisition of OHS supports this ambition and demonstrates our continued commitment to providing safety-critical occupational health across some of the UK’s largest industrial businesses. “OHS is highly complementary to the Latus Group, which has a regional approach with national scale, and a commitment to delivering world-class service for customers. We look forward to welcoming the OHS team and clients to Latus, working together to improve the health, safety and wellbeing of employees across the UK.”