For all those thinking about starting up in business this year, some help and guidance is 
available in our area very soon. This is part of a national programme that has been running since April 2012. The 
service is hoping to continue until at least March 2017. The advice and programme is funded by the governments 
'Department for Business, Innovation and Skills' and is aimed at those who are currently in the Small and Medium 
Enterprises (SME's) sized category. This project also includes new Start up businesses across England. The 
Growth Accelerator programme is now part of the 'Business Growth Service', again, a Government backed UK 
service offering support to businesses who have the potential to improve and grow. If you have already built a 
successful company and your ready for the next stage of the project, why not attend the event and see what 
happens. Lots of fresh ideas are available for you to use in your own project or expansion programme. 
We need to remember all the big multi million pound businesses in our city centres once started out as a small 
business at one point in the past. Also part of the event is having the chance to meet and network with other 
liked-minded businesses. They maybe in a similar position and have experiences to share. Access is also 
available for up to £2,000 in match funding for senior managers to hone their leadership and management skills. 
For those who are interested or require further details, the Selby contact is Carl Wolf who can be contacted 
on 0113 3854616 or 07841 903 088.
The Pound Coin as we know it, is set to change design and shape by 2017. Over 6000 people designed and suggested ideas for the new look coin. The winner, 15 year old David Pearce is from Wales. He’s drawing will feature on the new currency coin and it will go on general circulation in a few years time. He was told the news he had won by the Governments Councillor George Osborne, in person. The new coin will be the most secure coin anywhere in the world to stop counterfeiting. George Osborne said: “The competition captured the imagination of thousands of people and David’s winning design will be recognised by millions of people from around the world in the years ahead”. The winning drawing shows the UK’s national emblems – a rose for England, a leek for Wales, a thistle for Scotland and a shamrock for Northern Ireland. The other side will feature the Queen as normal. All four emblems are emerging from a Royal Coronet. Renowned coin artist David Lawrence and lettering expert Stephen Raw slightly tweaked David’s design to meet the Royal Mints specifications. The £1 coin is being replaced for the first time in more than 30 years because of its vulnerability to counterfeiters. The main point everyone will notice straight away is it’s shape. It will have 12 sides and remind people of the old three pence coin from decades ago. Machines around the UK will need altering to accept both the new and old coin, as the old coin will be in circulation at the same time until the banks slowly reduce its availability. It will be made by bi-metallic construction and feature the Royal Mint’s new state-of-the-art, and secret, anti counterfeiting technology.
New technology has gained momentum in our high streets. Some Blog readers may already use it, while others are not aware of it. Have you spotted a ‘contactless’ card reader in your favourite shop? The technology and card readers have been around since 2007, but mainly in our big cities. It works in a similar way to having a Oyster card on the London underground, swipe at the beginning and end of your journey and thats it. however contactless card readers are linked directly to your bank account rather than adding credit to an Oyster card. If you use it already, you will be interested to know that the spending limit is to be increased to £30 later this year. The current limit is £20. Over £2 billion was spent on 300 million transactions using the technology in 2014. People using the transport networks in London, Leeds and Cambridge are the trend setters. 1 in 10 journeys in these cities are paid for using this process. The technology allows customers to make payments just by briefly touching the card on a reader, and that’s it. There is no need to enter a PIN or wait for a printed receipt. Consumers are switching away from carrying cash. Having to go to a cash machine to get a note out, buying a coffee or birthday card, then jumping on a train normally results in a pocket full of change. People are more careful with every penny these days so paying the exact amount is a winner. Several cities, including Manchester, plan to introduce contactless payments at a grand scale in the near future.
One of London’s famous city landmarks has been sold to a Brazilian Billionaire. Joseph Safra is reported to have paid more than £700 million for ‘the Gherkin’ tower, which is officially known as 30 St Mary Axe. Given the nickname ‘Gherkin’ because of it’s appearance, famous architect Norman Foster designed the building. It was completed in 2003 and opened in 2004. The structure cost £138m to build and uses about 50% less energy than a typical office building of the same size. The capital city has many skyscrapers, including Canary Wharf. Lots of worldwide businesses have Head Quarters based in them. London is famous for its transport connections to the rest of the world. On the highest level of the Gherkin, the 40th floor, there is a bar for tenants and their guests, A restaurant operates on the 39th floor, and expensive private dining rooms on the 38th floor. The building is a visible landmark for miles around, it can be seen from the M11 Motorway, which is over 20miles away. Each floor rotates slightly by five degrees from the floor below and the only curved piece of glass on the entire building is at the very top. The Gherkin won the Royal Institute of British Architects’ Stirling Prize in 2004 for its “elegant and impressive” design. The new owners, Safra, manages banking all over the world and the overall group has assets worth more than 200 billion dollars. Joseph Safra is 75 years old, and is thought to be personally worth about 15 billion dollars which is around £9.4 billion pounds.
We have completed another year and Christmas has arrived. This time of year we reflect on what has happened over the last twelve months and also what the new year brings. Business wise the area has seen some large investment and has more to come. Lots of jobs have been created this month with the Yodel depot taking over the empty warehouse on the bypass near Selby College. Hopefully this will be the first of many good news stories on the jobs front. We also know that the brilliantly named and now, very famous, Selby Leisure Centre will be open in the new year having had millions of pounds spent on rebuilding it. Fingers crossed that the second phrase plans incorporating the skate park and children’s facilities are quickly given the green light, as the leisure centre will not attract families and bored teenagers in it’s current format. The next stage of the Olympia park complex and Marina projects will proceed further in 2015 which again will mean hundreds of new jobs. Changing the subject, a number of people have asked me where has LRB Trophies moved to? The only problem is we haven’t moved… the former sports shop along the road is completely unconnected to us and has a completely different name. It’s hard enough as it is attracting customers without people telling friends and family we have closed. Please tell everyone that we are fully open, and our Market Lane office & showroom is in the same location as when we first started 3 years ago. Everyone at LRB Trophies would like to wish the Selby Times readers a very happy Christmas and have a great 2015!
Recently, Chancellor George Osborne announced news to increase help to small and medium-sized businesses (SMEs) in his Autumn Statement. He has pledged £400m to extend the Enterprise Capital Funds system and he would guarantee up to £500m of new bank lending. Both of these will be administered by the British Business Bank. The government has a target of £10 billion worth of finance for SMEs by 2017/2018 and they are on target to do it. The scheme has already been extended once and was due to finish at the end of January, it will now run until the end of January 2016. Addressing the House of Commons, the Chancellor said: “This country has succeeded in making Britain the most entrepreneurial economy in Europe”. To make sure that the UK’s growing SME’s have access to credit and help, the government will also extend the Small Business Rate relief charge as well. Other measures announced included a huge increase in research and development tax credit and a £45m package to boost exports. Exporting products and services overseas means more money is kept in the country. National insurance paid by companies for apprentices will be scrapped, Osborne said. “When a business is giving a young person a chance in life we’re going to support.” The Chancellor said the government plans to build a “powerhouse of the North”, continuing a substantial investment in rail and road improvements. £15 billion has been promised to spend on the road network. This includes new roads and repairing the roads we already have. Hopefully this includes a full bypass fix instead of the poor repairs we keep getting.