Keeping Up with Business News in Yorkshire: The Latest Updates and Insights
Yorkshire is a region in the north of England with several important cities synonymous with business and industry. Keeping up with business news in Yorkshire is crucial for entrepreneurs, business owners, and professionals to stay up-to-date with emerging trends, regulations, and changes that may impact their operations.
Here are the latest updates and insights on business news in Yorkshire:
Yorkshire businesses continue to demonstrate resilience despite the pandemic
Despite the various challenges posed by the COVID-19 pandemic, businesses in Yorkshire have adapted and evolved to stay afloat. According to research by Barclays, business turnover in Yorkshire fell by 15.2% in 2020, compared to the national average of 18.9%. The same research also showed that Yorkshire was home to more than 400,000 businesses that employ a total of 2.8 million people.
Leeds and Sheffield remain key cities for businesses
Leeds and Sheffield remain key players in Yorkshire’s business landscape, attracting both local and international businesses. Leeds, for instance, has emerged as the central hub for the region’s financial and professional services sector, with over 120,000 people employed in the industry. Sheffield, on the other hand, has been focusing on developing its advanced manufacturing sector, with the creation of the Sheffield Advanced Manufacturing Park and the Advanced Manufacturing Research Centre.
Yorkshire businesses are more environmentally conscious
With an increased focus on sustainability and reducing carbon emissions, businesses in Yorkshire have been adopting greener practices. For instance, Wakefield-based soap manufacturer, Delphis Eco, has created the world’s first 100% recycled plastic bottle in their effort to tackle plastic pollution.
Yorkshire boasts several incubators and accelerators for startups
Yorkshire provides an ideal environment for startups to grow and thrive, thanks to the presence of several incubators and accelerators. These include the Leeds-based Nexus Innovation Hub, which helps startups access finance, workspace, and mentorship, and the Sheffield-based Ignite Academy, which offers programs to help budding entrepreneurs turn their ideas into viable businesses.
In conclusion, keeping up with business news in Yorkshire is critical for staying informed and gaining a competitive advantage in the region’s business landscape. With its resilient businesses, key cities, environmentally conscious practices, and support for startups, Yorkshire remains an attractive destination for business professionals.
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