Business
Why aren’t they being used to solve shortages?



In 1980, when Corina Poore, 36 years old and pregnant, first opened the door to a derelict house in New Cross Gate, south-east London, the estate agent refused to step in with her.
Inside were dead cats, dog excrement and filthy mattresses. Pigeons flew in through holes in the roof and there was no indoor toilet. The intense rotting smell was overwhelming.
Still, Corina decided this was her dream home. It was spacious, the £24,000 price was affordable and she was sure that everything was fixable.
After taking out a mortgage, she received a grant of £3,500 from Lewisham council, her local authority, which paid for fixing the ceiling.
“At that point, £3,500 was quite a healthy amount, which I desperately needed,” recalls Corina.

Some 45 years on, her Victorian four-storey house is worth roughly £1m – something Corina, a semi-retired film and TV critic, could never have afforded otherwise.
However, times have changed.
Lewisham Council has continued to offer grants to the owners of empty homes for improvements – some for as much as £20,000 – but the uptake is low.
Just 22 grants were awarded in the borough in the last five years – despite it having 2,253 empty homes. A spokesperson for Lewisham Council said that, in addition to the grants, it is working “to make sure homes aren’t allowed to remain empty or become derelict in our borough”.
At present, however, 775 have been empty for longer than six months. Meanwhile, there is a national housing shortage, with rising homelessness and long social housing waiting lists.
As of October 2024, there were almost 720,000 empty homes in England, according to the government.

On the face of it, bringing these empty properties back into use would make up a significant chunk of the 1.5m homes that the Labour government wants to add to the country’s housing stock by the end of its term.
But so far that isn’t happening enough. The question is why, and given it could, in theory, be a sensible solution to two growing problems, is this a case of a missed opportunity – or is the issue more complex still?
Rising long-term empty homes
Not all empty homes are in the dire state of repair that Corina’s once was. But roughly 265,000 of them in England have been vacant for longer than six months and are classified by the government as long-term empty (LTE). (Wales, Scotland and Northern Ireland have different housing policies, as housing is a devolved matter in the UK.)
Fixing these would also have a significant effect on the communities around them, as long-term empty properties can attract anti-social behaviour and in some cases reduce an area’s value.
Ann Devereaux, of St Werburgh’s in Bristol, says that after the property next to her home fell vacant, it became a “magnet” for crime.
“It makes me feel scared when I leave my house or come in at night,” she added.

The government has previously stepped in. The 2010-15 Coalition made funding available via two schemes: the Empty Homes Programme, which gave owners grants to fix their long-term empty homes; and the New Homes Bonus scheme, which rewarded councils that brought such properties back into use.
They appeared to have made an impact. Between 2010 and 2016, the overall number of empty homes dropped by 20% to 590,000, and crucially, long-term empty homes dropped by 33% to 200,000.
However, in 2016 the government then ended the Empty Homes Programme and lowered the rewards from the New Homes Bonus scheme – after which the issue became the sole responsibility of councils.
By 2024, the number of empty homes had crept back up by 22% and the number of LTEs had risen 32%.
A report by the charity Action on Empty Homes concluded it was “likely” that the end of the Coalition’s scheme had been a factor behind this increase, alongside changing housing market conditions and economic uncertainty.
And once it was left up to local authorities to decide what to do about empty homes, the approach varied widely from place to place.
Councils got creative – but struggled to solve it
Currently there is no centralised information about the actions individual English councils have taken since 2016, so we contacted each one to ask about their approach.
In total, 77 of the 245 councils who responded to the BBC’s freedom of information requests said they continued providing grants or loans. But in most cases, take-up was so low that it didn’t prevent the number of long-term empty homes from rising.
A few councils even ended their financial assistance schemes because of this.
Corina Poore suggests that people may not realise such schemes even exist.
But Benjamin Radstone, a property developer who partners with the public to identify empty homes, says there is a range of reasons why owners don’t take up offers and incentives around empty homes.
“People don’t want to be pressured,” he says. “They’ll do it when they’re ready to do it.”
Other councils have had some success with schemes of their own. In Kent, a No Use Empty scheme offers interest-free loans for up to three years to owners who will let or sell the property afterwards.
Though it was set up 20 years ago with a relatively modest pot of £5m, today it is self-sustaining. Nearly 200 of these loans have been issued over the past five years.
Now the council wants to see the scheme expanded nationally. Last year a group of MPs, peers and housing campaigners wrote to housing minister Matthew Pennycook urging him to implement it nationwide.
Elsewhere in England, some councils have tried more creative solutions, such as connecting private investors with empty homeowners. Almost all councils charge premium council tax rates on long-term empty homes, which can be as much as 300% of standard council tax rates.
But Mr Radstone, who refurbishes empty homes through his company You Spot Property, argues, that this can “push people away from wanting to engage with the council”.
Some also argue that this can disincentive councils from addressing the root problem, as empty homes bring them more income through the premium tax rates.
“We’re now in a position where councils are actually saying, ‘Well, we’re being rewarded for homes being left empty longer,'” says Adam Cliff, policy lead at the Empty Homes Network.

Councils do also have the power to take legal action against owners of empty homes, but this can be risky, time-consuming and costly.
And while loans and grants can be used to target about 10-20% of long-term empty homes, Mr Cliff estimates, you would need to make use of other processes to get the majority of them back into use, he says.
This was the experience of Kent County Council, which says only 18% of its LTEs that were brought back into use did so after interest-free loans were issued. In fact 61% did so after advice was offered to owners around the likes of tax and VAT, raising finance and planning.
“If a council has 2,000 empty homes,” Mr Cliff says, “they need 2,000 different solutions.”
A baffling conundrum
Part of the conundrum about there being a quarter of a million long-term empty homes is that this comes at a time when at least 354,000 people in England are believed to be homeless, and 1.33m households are on social housing waiting lists.
This is also a time when renters and buyers alike talk about a housing crisis in which soaring costs leave properties out of reach.
The Office for National Statistics’ definition of affordability is homes selling for less than five times local earnings – which has not been the case on average nationally since 2002.
More homes on the market would help tackle this, too. So why has more not been done to solve, or at least better address, this contradiction?

The challenge is that there is no single reason for homes being empty.
One factor is the probate system, which can in some cases take several years, during which time the deceased person’s house cannot be sold. Katie Watson from probate research firm Finders International, believes increasing staff numbers could help address a court backlog.
Then there is the issue that sometimes, councils are unable to track down the owners of empty homes. Jasmine Basran, head of policy and campaigns at homeless charity Crisis, believes there is a “lack of coherent data”.
When the BBC approached English councils, the information we were provided about the condition and reason for homes being empty covered only around 13% of their LTE stock.
This means councils are “blind to their potential”, argues Ms Basran.
The debate around premium tax rates
The experts we spoke to had their own view on the best solutions. For Mr Radstone, it is through offering tax relief to buyers, as well as ensuring that everyone who takes out a mortgage keeps an up-to-date will to prevent probate hold-ups.
Mr Grimshaw, meanwhile, argues that the funds gathered from the premium tax rates could be used by councils to start their own loan schemes.
But Mr Cliff argues councils without an empty homes strategy should not be allowed to charge premiums.
One thing most of those I spoke to were unanimous on, however, was that the government should establish a statutory duty for councils to address long-term empty homes – and force them to investigate and act.
The former Conservative government didn’t introduce this – although in March 2024 it did allow councils to double council tax on empty properties after 12 months rather than two years.

This was part of a “long-term plan for housing” to “help give local people the homes they need”, then local government minister Simon Hoare said at the time.
We are yet to see if the new Labour government has taken the suggestion of a statutory duty on board in its housing strategy, although Housing Secretary Angela Rayner has said councils will be given more power to force landlords to rent out empty homes.
Meanwhile a spokesperson for the Ministry of Housing, Communities and Local Government said: “We are determined to fix the housing crisis we have inherited, and we know that having too many empty homes in an area can have a significant impact on local communities.
“That’s why councils have strong powers to increase council tax on LTEs, and we will strengthen councils’ powers to take over the management of empty homes, with further updates to be provided in due course.”
Back in south-east London, Corina Poore doesn’t fully understand why the scheme that worked so well for her – and allowed her to become the homeowner of a £1m property – isn’t doing the same today.
She believes it could still be a way of getting young people to make empty homes habitable too.
“When you’re young you can do these things,” says Corina, who got in touch through My Voice, My BBC. “[There are] people out there who would be prepared to do it.
“There are lots of houses that are nowhere near as bad as mine that probably just need a kitchen and a bathroom, and I think it should still be encouraged very vigorously.”
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Business
Fintech & AI speed up lending, boost business efficiency

Fintech developments, data sharing, and artificial intelligence are reshaping the lending sector, streamlining finance approvals and enabling faster, more accurate access to funding for businesses and lenders alike.
Gus Gilkeson, Chief Executive Officer of Grow Capital, has outlined how advancements in technology are improving opportunities for those seeking finance, as well as for lending institutions, by minimising delays and inefficiency.
Gilkeson explained that these improvements are influencing both how companies operate and their financial management strategies. He highlighted the practical impact of technology, particularly AI tools, on day-to-day business operations.
“From a borrower’s perspective, AI tools offer the chance to find efficiencies both in the overall running of your business, and also in how you manage your cash flow.”
“Invoices, incomings and outgoings can be tracked accurately, and in real-time if you want, to provide a clearer picture of the business financials. Forecasting, budgeting, and identifying potential funding gaps can be done easily and efficiently.”
He noted that lending institutions also stand to benefit. “For lenders, AI and data-sharing tools are allowing key identification and financial data to be verified sooner and potentially more accurately, as raw data can be shared across platforms reducing the opportunity for human error.”
“Ultimately when finance approval times reduce and funding is being made available sooner –the borrower can make strategic decisions faster.”
Technology shift
Gilkeson compared current fintech and AI progress to earlier technological revolutions, stating that the sector is still in its early stages of transformation. “I would expect some time in the not-too-distant-future that a business will be able to log on to a portal where all their financial and business data is stored and has previously been verified, allowing them to access millions of dollars in finance with the click of a button.”
He identified several key advantages associated with emerging financial technologies:
Access to finance sooner: Quicker funding approval opens opportunities for businesses, particularly when time-sensitive investments or purchases are required or during acquisitions.
Open banking: Through the Consumer Data Right, businesses can securely give consent to share banking and other financial data with authorised parties. This process facilitates quicker verification, reduces paperwork, and minimises the need for physical document signing.
Fraud mitigation: Enabled data sharing allows financial institutions to validate raw information independently, reducing the risk of manipulated balance sheets or omitted information. Human error is also less likely when data is transferred digitally and verified across platforms.
Business efficiencies: For small to medium-sized enterprises, the option to automate financial management and administrative processes has become a reality. According to Gilkeson, “AI tools can flag cash flow risks, optimise payments and identify gaps, potentially resulting in smarter decision-making.”
Potential risks
While the benefits are evident, Gilkeson cautioned that there are risks associated with adopting new technology, particularly related to data security and identity protection.
“Do your research into the tools you are adopting and also into how the third parties you’re dealing with are storing and managing your data. Having strong cyber security should be a non-negotiable.”
He also addressed the reliability of AI-based systems in the financial services sector. “It’s also important to remember that AI is not perfect and mistakes can be made, especially if original data is entered incorrectly. You will still need professional services like brokers, accountants and financial planners to check and validate your application or strategy.”
Gilkeson acknowledged that the pace of change presents further considerations for the sector. “As with any new technology there are always risks and challenges, but the opportunities this will open up is very exciting.”
Business
Start Your AI Agency Launches 90-Day Global AI Training Program to Build Lucrative AI Service Businesses

Start Your AI Agency, under the leadership of CEO Greg Squibbs, has announced the 90-Day global AI training program that enables individuals to build lucrative, location-independent businesses by using artificial intelligence.
Dubai, United Arab Emirates–(Newsfile Corp. – August 31, 2025) – Start Your AI Agency has launched a 90-Day global AI training program to build lucrative AI service businesses. The company’s core offering is a free training program that introduces the proprietary AI Layering Strategy – a system inspired by proven practices from leading global tech innovators. This model allows entrepreneurs to streamline their outreach, automate service delivery, and operate businesses 24/7 from anywhere in the world without the need for complex software or large teams.
CEO Greg Squibbs
To view an enhanced version of this graphic, please visit:
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For digital entrepreneurs looking to launch and scale AI-powered service businesses, Start Your AI Agency 90-Day training program focuses on actionable steps and replicable systems that are accessible to them with no prior experience in AI or coding. By simplifying advanced AI technologies and integrating them into everyday business operations, the program helps to bridge the gap between innovation and execution.
The program supports a wide range of professionals, including freelancers, consultants, and business owners, who are seeking to modernize their services using AI.
Greg Squibbs, a long-time advocate for technological innovation, emphasizes the importance of AI education for long-term success. As he has stated, “Artificial intelligence, automation, team building – if you don’t understand it – learn it. Because otherwise, you’re going to be a dinosaur within three years.”
Furthermore, Start Your AI Agency’s program helps individuals seeking to transition from traditional employment, entrepreneurs aiming to scale digital operations, and professionals interested in integrating automation into their service-based businesses.
About Start Your AI Agency:
Start Your AI Agency is a global training platform dedicated to helping individuals build and scale AI-powered service businesses. Founded with the vision to democratize access to artificial intelligence, the company provides step-by-step training, tools, and automation systems that enable entrepreneurs to launch high-profit, location-independent agencies. With a focus on simplicity, scalability, and real-world application, Start Your AI Agency has become a trusted launchpad for thousands of digital entrepreneurs worldwide. Under the leadership of CEO Greg Squibbs, the company continues to drive innovation and empower the next generation of AI-focused business owners.
For more information, visit at https://www.startyouraiagency.com.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262414
Business
Norway signs £10bn deal for anti-submarine warships built in UK | BAE Systems

Norway has agreed a £10bn deal for anti-submarine warships that will be built in the UK, as the two countries plan joint operations in northern Europe to deal with increased Russian activity.
The Ministry of Defence (MoD) said the agreement to build Type 26 frigates was the UK’s biggest ever warship export deal by value, and Norway’s biggest defence procurement deal.
It said that overall it would provide a £10bn boost to the UK economy and support 4,000 jobs across the UK “well into the 2030s”.
The Type 26 frigates will be built at the BAE Systems shipyards in the Govan area of Glasgow, which employ 2,000 staff and are already constructing eight of the warships for the Royal Navy.
“This £10bn deal is what our plan for change is about,” said the UK prime minister, Keir Starmer. “Creating jobs, driving growth and protecting national security for working people. The export of our world-leading Type 26 frigates will do exactly that, supporting well-paid jobs up and down the United Kingdom, from apprentices to engineers.”
It is estimated that the shipbuilding programme will support 432 businesses, including 103 in Scotland, 47 in the north-west of England and 35 in the West Midlands.
The deal also signals a strengthening of a long-term strategic relationship with Norway, as part of which a combined fleet of 13 frigates will operate jointly in northern Europe.
Eight of the frigates will be British and “at least” five will be Norwegian, with the joint operation designed to “significantly strengthen Nato’s northern flank”.
“This historic defence deal deepens our strategic partnership,” said John Healey, the defence secretary. “With Norway, we will train, operate, deter and – if necessary – fight together. Our navies will work as one, leading the way in Nato, with this deal putting more world-class warships in the north Atlantic to hunt Russian submarines, protect our critical infrastructure and keep both our nations secure.”
Concerns over critical infrastructure around Europe have been raised on multiple occasions in the last year, after the alleged sabotage of the Baltic gas pipeline and undersea internet cables between Finland and Estonia.
Norway was the only other country to participate in the UK carrier strike group’s full deployment this year, and it also collaborates with the UK and Nato partners to safeguard critical undersea infrastructure in northern Europe.
“Norway and the United Kingdom are close allies with common interests and strong bilateral ties,” said Jonas Gahr Støre, Norway’s prime minister. “I am confident that the strategic partnership with the UK for purchasing, developing and operating frigates is the right decision.”
The Scottish secretary, Ian Murray, said the decision showed the “tremendous success” of Scotland’s shipbuilding industry and was an example of another “defence dividend” for the country.
The Type 26 frigate features sophisticated weapons, and advanced sensors and communications. Its design enables the warship to be upgraded to “counter emerging threats”, according to the MoD’s statement announcing the deal.
Charles Woodburn, the chief executive of BAE Systems, said: “The Norwegian government’s decision reflects its confidence in British industry’s ability to deliver a superior anti-submarine warfare platform, together with systems and equipment, that will support its future maritime security and reinforce its position within Nato.”
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