Bdaily

BFG helps Scottish businesses ‘fulfil potential’ “This provides us with a strong platform to continue to deliver on our goal of supporting Scottish business to fulfil their growth potential.” BGF has strengthened its support for Scottish businesses, investing close to £50 million in 2024 and completing three successful exits. The investor backed new ventures including offshore survey firm Sulmara, renewables specialist Glacier Energy and EV charging company Trojan Energy, alongside supporting acquisitions such as the takeover of Dundee-based JTC Furniture Group by WOODLAND. The firm also expanded its team with the appointment of Gregor Steedman as investor and Michael Angelo Berger to the portfolio team. Find out more here: https://lnkd.in/enHZ_Jvm Patrick Graham Invest in Women Taskforce

Flooring firm on a roll with new store opening “As a North East-based company, it’s always nice to come home.” North East-headquartered Flooring Superstore has expanded after opening a 3600sq ft base in Bishop Auckland. The £200,000 Abraham Retail Park investment has created three jobs. Find out more here: https://lnkd.in/eBRkbXqG Kimberley Thompson #bdaily #northeast #businessgrowth #retail 

Kromek 'in good health' with £30 million deal “Both Kromek and Siemens Healthineers are aligned in our vision to enhance healthcare through technological advancements, and we eagerly anticipate collaborating to bring this to fruition.” County Durham-headquartered Kromek Group plc has signed a four-year deal with Siemens Medical Solutions USA to provide detector equipment, knowledge and intellectual property. Find out more here: https://lnkd.in/erKFGHSW Arnab Basu MBE DL Siemens Healthineers #bdaily #northeast #technology #partnership #medical 

‘Landmark’ £200 million Gresham plans submitted “The Gresham project has the potential to play a transformative role in shaping Middlesbrough’s future success." A £200 million regeneration project in central Middlesbrough has reached a “significant milestone” with the submission of a planning application. Developers iMpeC and Buccleuch Property, working with Middlesbrough Development Corporation, plan to transform a derelict site in Gresham with more than 230 build-to-rent properties, student accommodation for over 400 people and a new hotel in what would “see the biggest one-off investment in Middlesbrough in living memory”. Find out more here: https://lnkd.in/eMd3fjGw Neil McMillan Ben Houchen Tees Valley Combined Authority Fairfield by Marriott

GAP Group expands north of the border “The expansion into Scotland is a positive step which will contribute greatly to the circular economy with the new site in Perth supporting the reduction of recycling exports in Scotland overall.” Gateshead-based GAP Group North East Ltd, a recycling and haulage business, has expanded operations into Scotland thanks to a seven-figure funding package from HSBC. The funding will help develop a cutting-edge fridge recycling plant near Perth, which is set to open next year and create 50 jobs over the next 18 months. Find out more here: https://lnkd.in/edfzVqKg Peter Moody Ben Foster (DipACB)

AI and IP changes - what you need to know “Taking proactive steps to comply – such as conducting internal training sessions and reviewing existing initiatives – will help avoid last-minute scrambles once enforcement ramps up in August 2025.” In the latest Bdaily column, Riz Shahid, tech and commercial solicitor in the commercial team at Square One Law | B Corp™, provides an insight into two new updates that are set to shape artificial intelligence and intellectual property laws. The UK Copyright Consultation is set to clarify how AI can lawfully use copyrighted material, while the EU AI Act introduces new obligations for businesses deploying AI systems, with both set to have “a significant impact on how businesses and creators approach and adopt AI”. Read Rizwan’s insight and advice here: https://lnkd.in/eySDjfU2 #bdaily #column #advice #artificialintelligence #regulation #businesslaw 

Electric Press strikes a chord with AD Education “This new chapter in Leeds gives us an exciting opportunity to develop the next generation of talent in one of the UK’s most vibrant cities.” Leeds’ thriving music and creative media scene is set for a major boost as AD Education is set to move into the city’s iconic Electric Press building. The higher education provider, which operates SAE and the Institute of Contemporary Music Performance, has signed a 15-year lease for a 17,000sq ft campus at Switch Leeds, a dynamic office space within the Grade II-listed landmark. Read more here: https://lnkd.in/eTX6QGqQ Steffan Davies Eamon Fox Knight Frank

Business network delivers £1 million in social value “It fills me with immense pride to see how the impact and reach of Sheffield Business Together has grown year on year.” Sheffield Business Together (SBT), co-funded by Business in the Community and Sheffield Chamber of Commerce, has delivered over £1 million in social value to the city since its inception in 2019, helping tackle social and economic challenges. Over the past year, SBT has delivered 42 projects, engaged 193 business volunteers and contributed £218,331 of in-kind support, while education outreach initiatives have benefited over 16,000 students. Find out more here: https://lnkd.in/egaC87p8 Louisa Harrison-Walker OBE Carolynn McConnell Charlie Hedges

Final phase of Hull’s Priory Park takes shape “We’ve gone for a modern, European design with Scandinavian style landscaping and solar panels on the roof contributing to an EPC A rating – quite a contrast from the old days when Priory Park was full of railway sidings!” Hull-based Allenby Commercial has begun construction at The Point, the final stage of a long-running industrial development at Priory Park, which will mark the completion of a 30-year transformation. Find out more here: https://lnkd.in/eNT696cx Charlie Allenby Andrew Allenby Jordan Stokes PPH Commercial

Golf tech firm tees up international success “Thanks to UKEF and HSBC UK's support, we were able to access the finance required to bring our technology to a fast-rising capital in the world of golf.” Yorkshire-based sports technology company MIA Sports Solutions is expanding its global footprint after securing a contract in Dubai, thanks to a a £75,000 finance package from HSBC UK, supported by UK Export Finance. The company, which designs and installs golf simulators and teaching studios, will supply five teaching studio bays for the Emirates Golf Club, home of the iconic Dubai Desert Classic. Find out more here: https://lnkd.in/et33Cf-a andrew keast Andy Booth HSBC