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Watch: Insider's Business Briefing - 12th March 2025
Insider Media
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12/03/2025
Alice and Jennifer discuss Insider's South West gamechangers, a four-star hotel for sale, and a significant property scheme.
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00:00
A four-star hotel up for sale, South West game changers and significant property developments
00:05
all feature in today's business briefing.
00:14
So good morning Alice.
00:15
Good morning Jen.
00:16
Well, to start off today in Leeds, a proposed residential development in the city centre
00:22
looks set to get the go-ahead later this week.
00:24
A planning application was submitted to Leeds City Council last year for a development on
00:29
land at Wellington Road and Armley Road.
00:33
Planning permission is being sought for the construction of three blocks, the tallest
00:36
standing at 18 storeys with a total of 384 apartments to be created.
00:42
The application will be considered by the council's city plans panel on the 13th of
00:47
March and is recommended for approval.
00:50
In an officer's report prepared for the meeting, it said that the proposal is well-designed
00:55
and will provide high-quality residential accommodation and supporting facilities.
00:59
Excellent.
01:00
Well, I'm sure Stephen, our Yorkshire correspondent, will be covering that, see if it's approved.
01:06
Well, moving over to Torquay, a four-star hotel and spa has been put up for sale.
01:12
So if you have £3.4 million lying around, then it could be yours.
01:18
So have you ever been to Torquay?
01:19
I know you've only lived in the UK for a year or so.
01:23
No, I've never been there, but I've heard it's absolutely gorgeous.
01:25
It is nice.
01:26
It's known as the English Riviera, which I guess is part of the selling point of the
01:32
hotel called the Lincoln Hall Hotel and Spa, which includes 44 guest rooms, two self-catering
01:39
apartments, a restaurant, breakfast and function room, and a lounge for guests.
01:43
Now the spa has five treatment rooms.
01:45
It's also got things such as an ice room and a hydrotherapy pool.
01:50
And the property has actually undergone significant investment in recent years, and it does have
01:55
planning permission to further extend the spa facilities.
01:59
So obviously lots of potential there for the new owner.
02:03
Brilliant.
02:04
Well, on a slightly different note, the controversial Hinckley National Rail Freight Interchange
02:10
Project, which is forecast to create thousands of jobs, has been denied by the Secretary
02:15
of State.
02:16
Proposals would bring forward 9.1 million square feet of rail-served warehousing and
02:22
logistics space, and are forecast to create approximately 8,000 jobs.
02:28
The landmark development is projected to generate between £329m and £406m per year in gross
02:35
value added to the UK economy.
02:38
In September then of last year, the government said it was minded to refuse the project.
02:43
A letter from the Secretary of State for Transport said there is a compelling need
02:47
for the scheme, but highlighted the potential highway safety risks attached to it, and said
02:53
that the negative impacts outweigh the benefits.
02:56
Tritax, the name behind the scheme, said it is disappointed by this decision to refuse
03:01
the development and is seeking legal advice on the next steps.
03:04
I imagine it won't be the last we hear of that development.
03:07
Absolutely.
03:09
Well, finally, on Friday this week, the next edition of South West Business Insider will
03:14
drop and included in that is a list of 50 game changers for the region.
03:19
Now as the name kind of says, the businesses, the companies that are making a big difference,
03:25
they're changing the region, and before that's published, we've actually unveiled the first
03:30
10 businesses that are included on that list.
03:33
One of the businesses is Craft Cannery Sea Sisters, which is labeled as part of a new
03:38
breed of what's called Tinfluencers.
03:42
There's also a global toy manufacturer, Moose Toys, and Dorset-based Fire Pot.
03:47
What that business does is, you know when you go into the shops and they sell those
03:51
kind of dehydrated meals that are designed for hikers and people who go climbing and
03:56
basically do adventurous sorts of things, and you can just add water and they're rehydrated.
04:03
They create those, so they're on the list as well.
04:06
And the initiative is sponsored by law firm Trawers & Hamlins alongside EY.
04:11
So if you do want to read the full list, you can subscribe to the magazine on insidermedia.com.
04:16
While you're there, you can check out all of the articles we've spoken about today and
04:20
also look at the upcoming events we've got, as well as subscribing to our newsletters.
04:25
Thanks for watching.
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