Lincoln Business Club boosts charity by £4,800
York and North Yorkshire Business Board backs local growth sectors
The York and North Yorkshire Combined Authority’s Business Board has endorsed the key focus areas for the region’s Local Growth Plan, identifying priority sectors for economic development.
The Board, established in November to advise on strategy and policy, met in Harrogate to support the ‘Competitive Advantage Sectors,’ which include Food and Farming Innovation, Engineering Biology and Life Sciences, Clean Energy, Rail Innovation and Security, and Creative Industries and Heritage. The plan will undergo consultation with industry leaders.
Sector champions, including tourism and hospitality, manufacturing, and SMEs, have been appointed to drive development in these areas. They will engage with businesses and provide direct input to the Mayor and the Combined Authority.
Additional agenda items included a national review of small business support, updates on York and North Yorkshire’s Business Innovation Programme, and discussions on fostering female entrepreneurship in the region.
The Business Board aims to position York and North Yorkshire as a leader in rural economic development, leveraging its strengths to drive long-term growth.
EU revises green rules to ease business burden
The European Union is adjusting its environmental regulations to reduce business compliance costs while maintaining its commitment to decarbonisation. The move follows pressure from industry leaders and major economies like France and Germany, which have raised concerns over high energy costs and regulatory burdens.
The European Commission introduced a “Clean Industrial Deal” to cut red tape, lower electricity taxes, and refine corporate sustainability reporting requirements. Under the proposed changes, large companies would report on supply chain impacts every five years instead of annually, and the reporting threshold would increase from firms with 250 employees to those with over 1,000.
Despite the adjustments, the EU reaffirmed its goal of carbon neutrality by 2050 and its target to reduce greenhouse gas emissions by 55% by 2030. However, the revisions face opposition from environmental groups and some lawmakers, who argue that scaling back regulations could undermine sustainability efforts. The proposals require approval from EU member states and the European Parliament.
British Steel creates bespoke rails for Belgium
North Yorkshire sees record number of companies despite economic challenges
North Yorkshire has hit a record high in business registrations, with 67,293 companies now operating in the region, up from 65,895 at the end of 2023. Over the past year, 8,830 new businesses were established across the county, including significant growth in cities like York and Middlesbrough. This data comes from the Inform Direct Review of Company Formations, using information from Companies House and the Office for National Statistics.
The national trend reflects similar growth, with the UK’s total number of companies rising to 5,637,210 from 5,476,772 in 2023, fueled by 848,192 new formations and 690,501 dissolutions during the year.
Northern Trust acquires Brighouse Business Village for £2.85m
Northern Trust Company has acquired Brighouse Business Village in Middlesbrough for £2.85 million. The multi-let industrial estate spans 41,224 sq ft across 29 units, ranging from 729 sq ft to 3,815 sq ft.
Located near the A66, the site is adjacent to Northern Trust’s existing properties at Collingwood Court and Harwood Court within Riverside Park Industrial Estate, roughly one mile from Middlesbrough Town Centre.
This acquisition boosts Northern Trust’s presence in the North East, increasing its portfolio to over 3 million sq ft. The company emphasised that the site’s strategic location enhances its ability to support local businesses and provides greater flexibility for tenants.
Sheffield strengthens international trade ties with focus on key business sectors
Sheffield’s leaders, including Council Leader Tom Hunt and Chief Executive Kate Josephs, recently visited Pittsburgh, USA, as part of an international strategy to boost trade and investment in key local sectors. The three-day trip saw them engage with over 50 representatives from 16 organisations, including government officials, business leaders, and academics.
The primary goal was to forge deeper ties in advanced manufacturing, health technology, cultural industries, and the tech sector. Sheffield is focusing on these sectors for growth, and the visit was designed to drive collaboration and investment in these industries. The city’s strong manufacturing and health tech capabilities align with Pittsburgh’s similar strengths, offering numerous opportunities for mutual business development.
Sheffield and Pittsburgh, sister cities since 1980, share a rich industrial heritage. Both are positioning themselves for future prosperity through international trade and investment. The visit laid the groundwork for continued collaboration, knowledge sharing, and potential business partnerships in both cities.
Siemens Mobility plots greener future at Goole Rail Village
Commercial property owners face challenges in meeting energy efficiency targets
A new study from the British Property Federation (BPF) revealed that most commercial buildings in key UK cities fall short of the government’s energy efficiency expectations. In a survey covering real estate in London, Manchester, Bristol, Leeds, and other major cities, 83% of commercial properties had an energy performance certificate (EPC) rating below B.
With stringent regulations looming, commercial building owners face rising costs and limited government guidance. The BPF’s analysis points to a significant gap, with only 17% of properties in cities like Manchester and London achieving the required EPC rating of A or B. The current rules, which set a target of EPC B by 2030, require an ambitious increase in retrofitting to meet the standards across millions of square feet of commercial space.
For example, while 20% of commercial buildings meet the minimum EPC B in Manchester, over 10 million square feet still need to be upgraded to meet the 2030 deadline. Nationwide, this translates to the need for 94,595 square metres of space to be upgraded daily over the next five years.
However, the BPF is critical of the government’s lack of response to consultations that addressed these issues. They argue that the proposed interim targets—EPC C by 2027—are now unrealistic, and without more explicit guidance from the government, property owners are left in limbo.
Rob Wall of the BPF stressed that the commercial real estate sector is committed to improving energy efficiency but requires clearer rules on compliance, exemptions, and enforcement. He added that the slow pace of progress could delay meeting the EPC B target unless the government offers immediate clarity on the path forward.