Business News

On the 5th of May 2017 the old cotton based £5 note ceases to be legal tender. From that date businesses should not accept or issue the old notes. The old notes should be exchanged for the new polymer based £5 note at any Bank, Building Society or the Post Office.

Published 3rd May 2017 under Business News


The Market Square in the center of Leyburn will again become an area for all things 1940s with music, singing, dancing, stalls and all manner of military vehicles, farm machinery, busses, vintage cars and steam traction engines. The event will start on the evening of Friday the 21st of July with a 1940’s style dance … Read more

Published 6th March 2017 under Business News & Local News & Members News


Building on the success of the 2016 Dales Festival of Food and Drink the event will again be held in Leyburn Town Squares with 80 food and drink stalls, craft stalls at Thornborough Hall and the Methodist School Hall, bands, demonstrations, and cookery displays in the Entertainment Marquee, a grand draw and children’s activities. The … Read more

Published 6th March 2017 under Business News & Local News


As from the 30th January 2017 the compensation protection in the event of insolvency on banks, building society’s and credit unions increased to £85,000. Joint account compensation protection has also increased to £150,000 The compensation scheme has a number of restrictions: Each applicant is only able to claim compensation for one account per bank, building … Read more

Published 6th March 2017 under Business News


The Chancellor of the Exchequer, The Rt. Hon. Philip Hammond MP, has announced that the government will publish its next Spring Budget on Wednesday 8 March 2017. The Spring Budget sets out the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility. This will be the last Budget … Read more

Published 6th March 2017 under Business News


As from the 28th of March 2017 a new £1 coin will become legal tender in the UK According to the Royal Mint, some 3 to 4% of the current £1 coins in circulation are now counterfeiters. In order to address this huge cost to both businesses and the tax payer a new £1 coin … Read more

Published 1st March 2017 under Business News


THE future of rural businesses such as cattle marts could be under threat due to business rate increases. The rates are based on a property’s rentable value and the government is reviewing the amounts charged, but there are fears that this could lead to hefty increases particularly for those with a large property footprint such … Read more

Published 27th February 2017 under Business News & Local News


Members are invited to attend a Business Rates Consultation meeting on Monday 23rd January at 1:00pm at Mercury House, Richmond. The purpose of this meeting is to provide an update on the latest government proposals and changes relating to business rates. This will include the Business rates 2017 revaluation, localisation of business rates including discounts, … Read more

Published 12th January 2017 under Business News & Members News


All employers are reminded that, as announced in the Chancellor’s Autumn Statement, the National Living Wage will increase from a minimum of £7.20 per hour to a minimum of £7.50 per hour for all employees over the age of 25 an increase of 4%. The Government also revealed that it was investing an additional £4.3m … Read more

Published 24th December 2016 under Business News


Further to the news item published on the 4th of December 2016, members of the Lower Wensleydale Business Network have again come forward to support the next Wensleydale School and Sixth Form, Year 11 careers event on the 16th of January 2017 “A Conversation With” In response to the requirements of the school the “A … Read more

Published 21st December 2016 under Business News


Latest Posts

Members Only Discount in Richmondshire Today Magazine

All members of the Lower Wensleydale Business Network can now receive a 10% discount on advertising in Richmondshire Today Magazine. They publish 10,000 copies and distribute them to homes and businesses across Richmondshire. The offer can be added to any discounts already given for block booking, up to a maximum of 25 per cent off. If you’re … Read more

The Lower Wensleydale Business Network to host open meeting to discuss Business Rates

The Lower Wensleydale Business Network has responded to the demand from local businesses for more clarity on business rates by arranging and hosting an open meeting. Business owners believe that the imposition of the new business rates is placing an unacceptable burden on their businesses and the future of trade in the area and particularly … Read more