Sunday, October 19, 2025

Shawbrook expands support for SME lender with £30m facility

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Shawbrook Bank has expanded its lending facility for York-based One Stop Business Finance (OSBF) to £30 million, representing a 50 per cent increase on its previous arrangement.

The move marks the fifth facility boost between the two since 2019, when Shawbrook first extended a £3 million revolving credit line to the specialist lender. The partnership has steadily scaled in response to OSBF’s growth and rising demand for alternative finance among UK SMEs.

Founded in 2014, OSBF provides tailored funding solutions for small and medium-sized enterprises, including bridging loans, working capital finance, revolving credit, and development funding. The enlarged facility gives the company additional capacity to back larger and more complex transactions, supporting its ongoing expansion plans.

The increase follows a year of strong performance for OSBF, with the business recently surpassing a £50 million loan book and setting a target to double that figure within two years. The expanded funding line reinforces its position in the alternative lending market and underlines Shawbrook’s continued commitment to supporting independent finance providers serving the SME sector.

York-based LNER investigates supplier data breach affecting customer records

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York-based train operator LNER has confirmed that some customer information was accessed following a data breach involving one of its external suppliers. The incident, identified on 8 September 2025, affected the supplier responsible for managing the company’s customer communication database.

An unauthorised third party gained access to the supplier’s systems, exposing limited customer data such as names and email addresses. LNER’s internal systems, including ticketing and payment platforms, remain unaffected and fully operational.

The company has reported the breach to the Information Commissioner’s Office, the National Cyber Security Centre, British Transport Police, and the Department for Transport. Independent security specialists have been brought in to strengthen the supplier’s defences and prevent similar incidents.

LNER has temporarily paused certain communication channels while the investigation continues and has advised customers to remain vigilant for possible phishing attempts. It has also provided a dedicated contact point for anyone seeking verification of messages that appear to come from the company.

The breach underscores the cybersecurity challenges facing transport operators reliant on third-party data processors and highlights the growing importance of robust supplier security management within critical infrastructure networks.

Food and drink gift company “thriving” following Dragons’ Den rejection

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The founder of food and drink gift company IMP & MAKER says her business is thriving despite failing to secure investment on Dragons’ Den. Millions of viewers watched Sarah Louise Fairburn (on 16th October) leave the Den empty-handed after seeking £100k for a 10 per cent stake in her business. However, far from being despondent, the entrepreneur has gone on to raise £500k from an angel investor in a deal that valued IMP & MAKER at £2m, expand the company’s partnership with retail giant Costco, and is on track to report its first profit this year. Fairburn, a single mum-of-four, said: “Appearing on Dragons’ Den was both the toughest and most rewarding experience of my life. You can’t put a price on the advice I received from some of the biggest names in UK business and it’s helped transform the company. “I founded IMP & MAKER in 2020 to become the UK’s go-to business for food and drink gifting and now millions more people have heard of the brand. While the episode was being screened more than 10,000 people logged on to our website!” Fairburn had less than a month’s notice to prepare for her appearance in the Den after being “phoned out of the blue” by Dragons’ Den. “I thought it was a hoax call at first before I realised it was genuine,” she said. “I knew IMP & MAKER was far from the finished article at the time but I’ve always thought you regret the things you don’t do – so I said ‘yes’. “I’ve grown up watching Dragons’ Den and I wasn’t going to turn down the opportunity to pitch to Peter Jones, Deborah Meaden, Steve Bartlett, Touker Suleyman and Sara Davies.” Fairburn said she’ll never forget the moment she walked into the Den when the episode was filmed in June, 2024. “My heart was beating out of my chest but I took a deep breath and went for it,” she said. The regular panel was joined by guest Dragon Emma Grede and Fairburn described her 90-minute interrogation as “brutal, relentless and exhilarating – all rolled into one.” She said: “I was very open about the financials. At the time IMP & MAKER was losing £800k a year; spending £90 per customer acquisition; and margins were as low as 4%. “This year we’re on track to make a profit; the cost of customer acquisition is down to £24; and margins are up to 35%. We’ve also gone on to raise £500k from an angel investor in a deal that valued IMP & MAKER at £2m.” Despite not investing, Dragon Steven Bartlett praised her resilience and determination. Fairburn said: “I took the advice from the Dragons onboard and IMP & MAKER is now five years old and in the best shape it’s ever been as we approach the busy Christmas and New Year period. “We’re a much leaner business than when I appeared on Dragons’ Den. We’ve got the right infrastructure and team in place to take IMP & MAKER to the next level.”

Nestlé announces major global job cuts amid restructuring plan

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Nestlé will cut 16,000 jobs worldwide over the next two years as part of a cost-saving programme aimed at improving efficiency and growth performance. The Swiss multinational plans to eliminate 12,000 white-collar positions, in addition to 4,000 other roles, across its global operations.

The move is expected to deliver annual savings of around 1 billion Swiss francs (£940 million) and contribute to a broader target of 3 billion Swiss francs (£2.8 billion) in savings by the end of 2027.

Nestlé’s strategy focuses on tightening resource allocation and prioritising business areas with stronger growth potential. The company stated that it intends to channel investment into innovation, product development, and high-return markets, while reducing overheads and streamlining internal structures.

Nestlé’s York site, home to a major confectionery manufacturing campus that employs around 2,000 people, remains under review. However, the company has not confirmed how the job cuts will impact local operations. The site produces brands including KitKat, Aero, Yorkie, and Polo, alongside housing research and development, distribution, and office facilities.

The company stated the changes are part of a wider plan to sustain competitiveness and deliver long-term value to shareholders.

Pensana cancels £250m Humber rare earth refinery project

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Plans to establish a £250 million rare earth refinery in the Humber Freeport at Saltend have been withdrawn by Pensana, halting what was expected to be a major boost for the UK’s critical minerals supply chain.

The project was designed to create 450 construction jobs and 150 operational roles, while positioning Britain as a key player in the processing of rare earth elements for electric vehicles and wind turbines. The facility was designed to process neodymium and praseodymium from Pensana’s Longonjo mine in Angola, thereby contributing to the domestic production of magnet metals.

The decision follows recent policy developments in the United States, where the government has committed to purchasing rare earths from domestic mines at fixed prices. This intervention has reshaped global market dynamics, placing UK producers at a disadvantage.

The Saltend site had been a flagship component of the government’s critical minerals strategy, with significant funding support earmarked to reduce reliance on imports from China, which currently dominates global rare earth production.

Pensana’s withdrawal marks a setback for UK ambitions to establish an independent supply chain for materials vital to clean energy technologies, advanced manufacturing, and defence applications.

Sheffield pharmacy sold to first-time buyer

Specialist business property adviser, Christie & Co, has sold High Green Pharmacy in Sheffield.
Established in 2013 by Manish Gupta and Partners, High Green Pharmacy is a 72-hour community pharmacy that dispenses an average of 9,300 items per month. It sits within a Morrisons Daily convenience store and is located on Wortley Road, a residential street in the village of High Green, Sheffield, 150 yards away from a medical centre. Following a confidential sales process with Tom Young at Christie & Co, and funding sourced through Alena Ray at Christie Finance, it has been sold to first-time buyer, Osman Zarroug, of Pharmatique Health Ltd. Manish Gupta, co-founder of High Green Pharmacy, said: “Having set up the pharmacy 12 years ago, it was a tough decision to sell, but I believe we have found the right buyer to hand the pharmacy over to. I wish Osman all the best for the future.” Osman Zarroug, the new owner of High Green Pharmacy, added: “I am very pleased with my first pharmacy business and look forward to welcoming new and existing customers. I have been looking for a pharmacy for a while, and High Green seemed like a perfect fit from the moment I first saw it.” Tom Young, senior business agent – pharmacy at Christie & Co, said: “High Green Pharmacy was a unique opportunity with it being situated in a convenience store, and I was unsure how the market would perceive this. “However, I was delighted with the response received, which resulted in multiple offers, all of which were above the guide price, which shows the high demand for pharmacies in South Yorkshire. I wish Osman all the best with the business moving forward.”

£20m boost for brownfield housing in West Yorkshire

West Yorkshire Mayor Tracy Brabin has announced an additional £20m to expand the Brownfield Housing Fund. The extra government funding reflects the strong performance of the region’s Brownfield Housing Fund to date and has been welcomed as a major vote of confidence in West Yorkshire’s pipeline of regeneration schemes. It will help accelerate the delivery of homes across the region. The now £110m fund, which sees the Combined Authority work with the private sector, local authorities and housing associations to unlock new developments, is already fully allocated and on track to exceed its original target for homes started on-site. As a result of the uplift, construction of hundreds of additional homes will start by March 2029, taking the programme’s overall figure to over 6,000 homes. Tracy Brabin, Mayor of West Yorkshire, said: “Everyone deserves a safe and secure roof over their head, and this extra funding is a strong vote of confidence in our housebuilding success. “By regenerating brownfield land first, we’re building the right homes in the right places – affordable, cheaper-to-heat and better-connected – all while protecting our vital green spaces. “Devolution is working for West Yorkshire, empowering us to deliver record numbers of affordable homes, to give people the security that can only start with a decent home.”

Dewsbury Arcade nears next phase in £4.5m regeneration project

Restoration work on Dewsbury Arcade has entered a new stage as internal construction begins on the first sample retail unit, offering a preview of how the redeveloped site will look and function once complete.

The Grade II listed building, closed since 2016, is being brought back to life under the Dewsbury Blueprint – a flagship regeneration plan designed to revitalise the town centre’s commercial heart while preserving its heritage. The project has already seen major progress, including installation of a new boiler, upgraded mechanical and electrical systems, and essential structural reinforcements.

Cllr Graham Turner, Cabinet Member for Finance and Regeneration for Kirklees Council, said: “Work is continuing to progress on this iconic building where we are not only preserving its rich history but also creating exciting future opportunities for businesses and entrepreneurs.

“It is great to see the work starting on the sample unit as this will give businesses, shoppers, and residents a small glimpse into the future. Restoring Dewsbury Arcade is one of the key steps in bringing the Dewsbury Blueprint to life — creating a lively, welcoming place where people feel proud to live, work, shop, and spend time. This project is just one part of regenerating the town and ensuring that historic spaces continue to serve our communities for generations to come.”

Other milestones include the completion of roof work on both the Marketplace and Corporation Street sides, replacement of key support columns, and the installation of new steel trusses to strengthen the structure. The restored stone “Arcade” lettering and additional Velux windows have enhanced both the building’s appearance and natural light levels.

The next major phase will see the installation of the arcade’s glazed roof, a signature feature that will define the building’s final look. Once the renovation is complete, the site will reopen as the UK’s first community-run shopping centre, managed by the Arcade Group.

Funding for the £4.5 million project has come from the National Lottery Heritage Fund, Town Deal grants managed by the Dewsbury Neighbourhood Board, the West Yorkshire Combined Authority’s Getting Building Fund, and capital investment from Kirklees Council.

High net worth personal tax expert swaps ‘big four’ firms for Saffery

A well-known tax expert who has spent more than 25 years advising high net worth individuals on their personal tax affairs has joined chartered accounting and business advisory firm, Saffery’s Leeds office. Fiona Harford-Cross joins the firm as a private client senior tax manager. Fiona previously worked at KPMG in Leeds for more than 20 years and she also spent six years at Deloitte. In her new role she will advise high net worth individuals based across Yorkshire and the North of England on all aspects of their personal tax, with a particular focus on trusts, landed estates and family wealth structuring. Fiona said: “Saffery is a widely respected firm that has always had a strong reputation for its personal tax expertise, particularly surrounding both trusts and landed estates. These are both areas that I have spent many years specialising in, and when the firm moved to Leeds late last year, I knew it was a place where I could work and add further value. “I’m now looking forward to the challenges and opportunities ahead as we continue to build our client base across the North of England.” Sally Appleton, partner and head of the Leeds office at Saffery, said: “Fiona is a well-known personal tax advisor in Yorkshire with masses of experience and a superb track record when it comes to navigating the UK’s tax system and creating tax efficient structures and strategies for her clients, which makes her a perfect fit for our team, and we’re delighted to welcome her to Saffery.”

Launch your business to new heights with Lincoln College’s Skills Bootcamps

Got a potential superstar within your business? Do you know someone who has shown a growth mindset? Or do you just want to become a better leader yourself? Then Lincoln College’s Skills Bootcamps could be the way to develop and grow your workforce to face the challenges of the future. Director of Business Development & Partnerships at Lincoln College, Mark Taylor, says: “Delivered over 10 weeks, the Emerging Leaders Programme supports succession planning by offering those members of your workforce who aspire to be managers/supervisors an opportunity to learn the essential skills to be an effective leader. the ILM Level 3 Certificate in Leadership. “The course is designed to enhance participants’ leadership abilities, focusing on how leaders think, communicate, and act, as well as earning the ILM Level 3 Certificate in Leadership. It is a fantastic opportunity to not only identify the leaders of the future, but to level up your workforce in a very cost-effective way.” Additionally, participants will also complete the Extraordinary Leadership Programme, delivered by the leading local management consultancy, Human Alchemy. Operations Manager for We Sell Tyres and Excelr8 Motorsport Dan Zelos, who has undergone the 10-week course, said: “As an Operations Manager, I’m always looking for new ways to level up, for myself, my teams, and the business. “This course was incredibly insightful and expertly tailored to help managers like me challenge conventional thinking and drive high performance across the board. “I’d highly recommend the course to anyone in a similar role — or those with ambitions to get there.” The modules, taught at Lincoln and Newark, cover everything from communication to leadership skills, focusing on technology, strategies and much more. Individuals joining this course need to be able to give up one day a week for the full ten week course. Costs are subsidised, for SMEs (under 250 employees) the cost is £265 per learner (90% funded). For large companies (250+ employees), the cost is £795 per learner (70% funded). Newark businesses will pay £199.50 if they are an SME and £598.50 if they have over 250 employees. To find out more, visit https://info.lincolncollege.ac.uk/skills-bootcamps