Sheffield restaurants are on the up, bucking national high street decline

Sheffield restaurants, revealed to be bucking the trend for high street decline, have been hailed as part of a new Yorkshire wide project.

By The Newsroom
Wednesday, 05 June, 2019, 08:41
Jim Rose from Five Rivers Coffee Co

With 77 per cent of Yorkshire small businesses now looking set to grow in the next six months, a new feature series will delve into the faces behind this latest start-up boom.

The Humans of New Yorkshire series will initially launch with eight businesses from Sheffield, Leeds, York, and Huddersfield. The series will feature a botanist, a cutler, a vintage clothing store, a brewery and a variety of unique concept eateries.

The Five Rivers Coffee Co, from Broomhill, No Name restaurant in Crookes, and Michael May Knives, of Portland Works, are all featured in the new series.

In 2019, Yorkshire businesses outdid the rest of the UK with 43 per cent of Yorkshire SME’s reporting a better financial performance in the past six months compared to 36 per cent outside of the region.

Over a third of Yorkshire businesses surveyed were under three years old, with food and drink, and fashion, two of the most popular new start-ups.

Research from Start Up Loans shows that £41m of funding has been allocated to entrepreneurs looking to start a small business in Yorkshire – the most of any region outside of London and the South East. There have been over 5,000 loans given to Yorkshire businesses since 2012 averaging £8,126 each.