Homes England launches new development finance fund
Homes England and Newstead Capital have joined forces to support SME housebuilders by launching an innovative long-term development finance lending fund.
Homes England, alongside Greater Manchester Pension Fund, listed wealth manager Mattioli Woods and other private institutional investors, have committed £80m to the Initial Close of the Newstead SME Real Estate Lending Fund (RELF).
The Fund is to be managed by specialist fund manager Newstead Capital and the intention is to grow the fund to £300m in subsequent capital raised and
QUEEN ELIZABETH II It is with deep sadness that the HEY LEP and Growth Hub marks the passing of Her late Majesty Queen Elizabeth II.
Queen Elizabeth the 2nd was a lovely person and it is very sad that she has passed away, we know that she came to Hull on a number of occasions. We send our sympathy to her family they will all be vey upset and we also welcome King Charles to his new position.
Statement from James Newman OBE, Chair and Stephen Parnaby OBE, Deputy Chair of theHull and East Yorkshire Local Enterprise Partnership
‘’On behalf of HEY LEP, its Boards and
Government announces Energy Price Guarantee for families and businesses
The Prime Minister, Rt Hon Liz Truss MP, announced that typical households would pay no more than £2,500 a year on gas and electricity bills from 1st October through the Energy Price Guarantee (EPG), which will last for two years.
This will be paired alongside the existing Energy Bill Support Scheme (EBSS), providing £400 worth of support to households, brought about by a temporary suspension of green levies on energy bills.
Households who do not pay for mains gas and electricity directly – such
Trade with Ukraine
How you import from and export to Ukraine. Department for International Trade update.
The UK has signed an agreement with Ukraine, which is in effect.
This guidance provides information on aspects of trade covered by the UK-Ukraine agreement. It is for UK businesses trading with Ukraine.
What the agreement includes
This agreement includes provisions on:
trade in goods – including provisions on preferential tariffs, tariff rate quotas, rules of origin and sanitary and phytosanitary measurestrade in servicesintellectual property, including geographical indicationsgovernment procurement
Tariff rates on goods
Tariff rates for bilateral
Companies House will soon be introducing a new WebFiling account
Your new WebFiling account will include improved security features and will give you more freedom to self-manage your account. This is the first step in creating a single sign-in across all Companies House services.
Companies House will soon be introducing a new WebFiling account – GOV.UK
Enterprise Challenge
Fancy
a challenge and a boost to your business? The Adam Corbally
Enterprise Challenge for 16 to 29 year olds in Hull, the East Riding and
Ryedale is back, supported by the John Cracknell Youth Enterprise Bank and Hull
City Council.
Check
out Adam’s promotional video for the competition here:
youtube.com/shorts/r63IhE2_rSI
It’s
a great opportunity for you as a young entrepreneur, setting up in business. The
prize for the winner is up to £1000 in cash and access to Adam as a mentor for
up to a year. All you need
HEY LEP Skills Network – Chair and Vice Chair Recruitment
The HEY LEP Skills Network is now established and aims to build upon the excellent work done through the previous Humber LEP Skills Network on behalf of the Hull and East Yorkshire area.
It brings together key agencies, stakeholders and delivery partners that will provide leadership to the employment and skills agenda in Hull & East Yorkshire.
It will be used to cascade information about the LEP’s activity, act as a consultation body on future plans and will influence employment and skills
The future of maritime has been given a massive funding boost by the UK Government with an increase in training subsidies for cadets and ratings.
Funding for cadets boosted to £43 million pounds over next two years to help build the maritime sector.
Eligible seafarers will now get half of their training paid – providing a real investment in the future of maritime and securing future growth. Previously, the subsidy was 30% but increases to 50% for all new and existing tonnage tax groups and Support for Maritime Training (SMarT) funding. This now means that maritime companies can take advantage of an extra £13m of funding
Hull & East Yorkshire – Creative Business Survey
The Hull and East Yorkshire Local Enterprise Partnership (HEY LEP) are undertaking some research into the business support and financial support needs of creative businesses in the region. This work will inform our business support offer for the “creative industries” where we lack up to date insights, and will also help us to develop bids and secure future funding.
By “creative industries”, we specifically mean businesses that operate – either in full or in part – in the following sub-sectors:
Advertising &
New guidance brings clarity on employment status for workers and businesses
The Department for Business, Energy & Industrial Strategy (BEIS) has published new guidance on employment status to support HR advisers, individuals and businesses to gain a better understanding of which employment rights apply to them.
This new guidance brings together employment laws into one place for businesses and individuals to access – including advice for micro businesses, start-ups and small and medium enterprises (SMEs) that have less capacity and legal expertise to understand the law. The government release also clarifies