New rail plans set to benefit Leeds and Yorkshire-based companies

Through our business recovery and insolvency work, Walsh Taylor often deal with local organisations that are struggling financially. With our support many develop successful businesses and this article on the proposed Northern Powerhouse rail plans shows the positive impact it will have on these companies in Leeds, Yorkshire and beyond.

According to research commissioned by Transport for the North, the scheme may result in over 124,000 more companies and 2.6 million extra people being within 90 minutes travel time of the centre of Leeds.

The network will apparently also utilise the new HS2 infrastructure and boast a faster route to Manchester via Bradford, as well as enhanced connections to both Sheffield and Newcastle. With the city’s economy potentially being boosted by an increase of £1.5 billion per year and thousands of additional jobs, Bradford is likely to benefit too.

Commenting on the news, Tim Wood, Transport for the North’s Director for Northern Powerhouse Rail, mentioned that Leeds is fast becoming the digital capital of the North and possesses a reputation for being at the forefront of embracing start-ups and the latest technologies. He finished his statement by saying that the plans will see key sectors flourish for decades to come.

With offices in Leeds, Harrogate, Bradford and Darlington, Walsh Taylor has worked with hundreds of businesses throughout the North of England over the years and therefore understand the challenges that they face.

As discussed recently on the blog, in the current economic climate there is a strong need for investment in our transport systems, so it is reassuring to hear that the commercial benefits of well-thought-out transport schemes are being recognised.

Should you be based in the Leeds or wider Yorkshire area and require the help of an insolvency practitioner, acting quickly gives you a much better chance of avoiding long-term problems. Please therefore feel free to get in touch today by either calling 03300 244 660 or emailing confidential@walshtaylor.co.uk.