Business Breakfast: Investment to supercharge growth at Harrogate firm

Are you already thinking of how to reward your employees this Christmas? Why not choose the Harrogate Gift Card?

The Harrogate Gift Card can be spent in over 100 businesses in Harrogate town centre including retail, hospitality and leisure, whilst keeping the spend locked into the local economy.

Complete a corporate bulk order of over £250 and receive 15% discount from November 1 to 15 with the code ‘HGT15’.

A commercial property management business in Harrogate is on target to achieve 33% growth this year after receiving a six-figure investment from NPIF – FW Capital Debt Finance, which is managed by FW Capital and part of the Northern Powerhouse Investment Fund.

Robinsons Facilities Services will use the money – which follows a first round of funding in 2020 – to plan for its next phase of growth and create new jobs.

The company was spun out of Robinsons Group in 2013, and since then it has experienced year-on-year growth and has broadened its service offering to include fire, security and life safety systems and many other commercial building services. It now has more than 500 sites in Yorkshire, and deals with a variety of sectors including leisure, industrial, healthcare, multi-property residential landlords and education.

Managing director Luke Kitchen said:

“Today, the business is over almost four times the size it was in 2013 and we’ve broadened our services to include everything that’s needed to maintain and repair commercial buildings.

“The investment received from FW Capital has provided us with a secure platform to grow our business with confidence. We’ve also expanded our workforce and recently taken on an engineer and two more admin roles.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Council’s new economic growth plans

North Yorkshire Council has adopted a new five-year economic growth strategy.

The purpose of the plan is to accelerate economic growth across the region, and it includes measures to create a carbon-negative economy, maximise investment, support business growth, increase innovation and productivity and improve skill levels.

Carolyn Frank, York and North Yorkshire Federation of Small Businesses development manager, said:

“Businesses will welcome the joined-up approach recommended in the strategy, and the ambitions outlined, but will be focused on the ‘making it happen’ steps to follow.

“There is widespread economic uncertainty and it is crucial that the council works in partnership with business owners of all sizes to make sure that North Yorkshire continues to be a great place to do business, with businesses and self-employed needs understood.

“There are many exciting opportunities ahead through devolution and these will only be realised by the public and private sectors working in partnership. In a turbulent economy and time of rapid change, a strategy can only make a lasting difference if the implementation is action-oriented, agile and impact focused.”

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Business Breakfast: £660m investment fund to be launched

Staff well-being and culture have rapidly risen up the priority list for many employers.  At the next Stray Ferret Business Club  we’ll hear from award winning employer, LCF Law, on how organisations can ensure their teams are productive and happy. 

The lunch event is lunch at Manahatta, on June 29th at 12.30pm. Get your tickets by clicking or tapping here.

A £660 million investment fund to support the growth of small and medium-sized businesses in northern England is set to be launched early next year.

The Northern Powerhouse Investment Fund II will offer a range of commercial finance options with loans from £25,000 to £2 million and equity investment up to £5 million.

The fund, which is being launched by the British Business Bank  will address a funding gap in the north and increase the supply and diversity of early-stage finance for smaller businesses.

Ken Cooper, managing director of venture solutions at the British Business Bank, said the launch of the fund “will further increase the supply and diversity of early-stage finance for smaller businesses in the region, providing finance for firms that might otherwise not receive investment and helping to break down barriers in access to finance”.

Mr Cooper added:

“We know that the levels of private debt lending and equity investment in the north of England remain below expectations given the region’s share of the UK’s smaller business population and that is something this next generation of the fund will continue to address by backing ambitious businesses that will drive sustainable economic growth.”

The fund will operate across three tiers: smaller loans (£25,000 to £100,000), debt (£100,000 to £2 million) and equity (up to £5 million).

Transdev offers free military bus travel

Bus operator Transdev, which includes the Harrogate Bus Company, is offering free travel for Yorkshire’s serving military and veterans on Armed Forces Day on Saturday.

All journeys on the bus firm’s network will be free throughout the day to current forces personnel, cadet volunteers and veterans from the Army, Royal Navy and Royal Air Force.

Armed Forces Day in June each year salutes the service of men and women in the military.

Those eligible must show a forces ID card, wear their uniform or display their medals.