Watch: Insider's Business Briefing - 12th March 2025 - video Dailymotion

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Alice and Jennifer discuss Insider's South West gamechangers, a four-star hotel for sale, and a significant property scheme.

Transcript

00:00A four-star hotel up for sale, South West game changers and significant property developments

00:05all feature in today's business briefing.

00:14So good morning Alice.

00:15Good morning Jen.

00:16Well, to start off today in Leeds, a proposed residential development in the city centre

00:22looks set to get the go-ahead later this week.

00:24A planning application was submitted to Leeds City Council last year for a development on

00:29land at Wellington Road and Armley Road.

00:33Planning permission is being sought for the construction of three blocks, the tallest

00:36standing at 18 storeys with a total of 384 apartments to be created.

00:42The application will be considered by the council's city plans panel on the 13th of

00:47March and is recommended for approval.

00:50In an officer's report prepared for the meeting, it said that the proposal is well-designed

00:55and will provide high-quality residential accommodation and supporting facilities.

00:59Excellent.

01:00Well, I'm sure Stephen, our Yorkshire correspondent, will be covering that, see if it's approved.

01:06Well, moving over to Torquay, a four-star hotel and spa has been put up for sale.

01:12So if you have £3.4 million lying around, then it could be yours.

01:18So have you ever been to Torquay?

01:19I know you've only lived in the UK for a year or so.

01:23No, I've never been there, but I've heard it's absolutely gorgeous.

01:25It is nice.

01:26It's known as the English Riviera, which I guess is part of the selling point of the

01:32hotel called the Lincoln Hall Hotel and Spa, which includes 44 guest rooms, two self-catering

01:39apartments, a restaurant, breakfast and function room, and a lounge for guests.

01:43Now the spa has five treatment rooms.

01:45It's also got things such as an ice room and a hydrotherapy pool.

01:50And the property has actually undergone significant investment in recent years, and it does have

01:55planning permission to further extend the spa facilities.

01:59So obviously lots of potential there for the new owner.

02:03Brilliant.

02:04Well, on a slightly different note, the controversial Hinckley National Rail Freight Interchange

02:10Project, which is forecast to create thousands of jobs, has been denied by the Secretary

02:15of State.

02:16Proposals would bring forward 9.1 million square feet of rail-served warehousing and

02:22logistics space, and are forecast to create approximately 8,000 jobs.

02:28The landmark development is projected to generate between £329m and £406m per year in gross

02:35value added to the UK economy.

02:38In September then of last year, the government said it was minded to refuse the project.

02:43A letter from the Secretary of State for Transport said there is a compelling need

02:47for the scheme, but highlighted the potential highway safety risks attached to it, and said

02:53that the negative impacts outweigh the benefits.

02:56Tritax, the name behind the scheme, said it is disappointed by this decision to refuse

03:01the development and is seeking legal advice on the next steps.

03:04I imagine it won't be the last we hear of that development.

03:07Absolutely.

03:09Well, finally, on Friday this week, the next edition of South West Business Insider will

03:14drop and included in that is a list of 50 game changers for the region.

03:19Now as the name kind of says, the businesses, the companies that are making a big difference,

03:25they're changing the region, and before that's published, we've actually unveiled the first

03:3010 businesses that are included on that list.

03:33One of the businesses is Craft Cannery Sea Sisters, which is labeled as part of a new

03:38breed of what's called Tinfluencers.

03:42There's also a global toy manufacturer, Moose Toys, and Dorset-based Fire Pot.

03:47What that business does is, you know when you go into the shops and they sell those

03:51kind of dehydrated meals that are designed for hikers and people who go climbing and

03:56basically do adventurous sorts of things, and you can just add water and they're rehydrated.

04:03They create those, so they're on the list as well.

04:06And the initiative is sponsored by law firm Trawers & Hamlins alongside EY.

04:11So if you do want to read the full list, you can subscribe to the magazine on insidermedia.com.

04:16While you're there, you can check out all of the articles we've spoken about today and

04:20also look at the upcoming events we've got, as well as subscribing to our newsletters.

04:25Thanks for watching.

Watch: Insider's Business Briefing - 12th March 2025

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