Business
£8.2 million for Port Talbot regeneration—what it means for West Wales
THE FIRST of Port Talbot’s growth and regeneration projects is set to receive £8.2 million from the Tata Steel / Port Talbot Transition Board, marking a significant step towards revitalizing the local economy.
This investment is expected to support over 100 jobs and ultimately contribute more than £87 million to the South Wales economy. To date, the Tata Steel / Port Talbot Transition Board has allocated £51 million into the local community, with further projects anticipated.
Welsh Secretary Jo Stevens, chairing the latest Transition Board meeting today (February 6), will announce that £8.2 million will be directed to the South Wales Industrial Transition from Carbon Hub (SWITCH). This initiative will redevelop a four-acre site at Harbourside, Port Talbot, incorporating new shared space, flood mitigation measures, and specialist equipment. The investment aims to establish an Innovation District that will assist the steel and metal industry in reducing carbon emissions. The facility is projected to generate and sustain over 100 jobs while bolstering the South Wales economy by £87 million.

This funding is part of the UK Government’s £80 million Tata Steel / Port Talbot Transition Board fund, which has already allocated £51 million since July. The latest announcement is the first targeted at regional growth and regeneration, with up to £30 million more expected to be invested in similar projects in the coming months.
Welsh Secretary Jo Stevens emphasized the government’s commitment to supporting Port Talbot’s community through Tata Steel’s transition.
“We said we would back the community of Port Talbot through Tata Steel’s transition, and we continue to do exactly that,” she said. “In just six months, over £50 million has been announced to support individual steelworkers, their families, and businesses in the supply chain. Now, we are investing in a major regeneration project for the town.”
She added that millions more in funding will follow, ensuring continued support for steel communities amid ongoing industrial changes.
The Secretary of State also confirmed efforts to enhance mental health and well-being services, with funding details to be announced at the next Transition Board meeting. The initiative will focus on community cohesion, well-being programs, and peer support networks, including partnerships with local organizations.
Cabinet Secretary for Economy, Energy, and Planning Rebecca Evans welcomed the funding, stating, “This announcement builds on investments unlocked through the recent Celtic Freeport and other initiatives we are supporting in and around Port Talbot. Working alongside our Transition Board partners, we will continue to provide opportunities for growth while ensuring support for those impacted by Tata Steel’s changes.”
Neath Port Talbot Council Leader, Cllr Steve Hunt, also praised the investment, noting its role in attracting jobs and industry to the region: “The SWITCH project will build on our area’s longstanding expertise in the steel and metals industries, helping to address modern challenges and secure future employment.”
Professor Helen Griffiths, Pro Vice-Chancellor for Research and Innovation at Swansea University, highlighted the importance of collaboration, stating, “SWITCH will strengthen Swansea University’s role in uniting academia, industry, and government. This investment will make Welsh research and innovation more accessible to businesses and help stimulate long-term economic growth.”
The SWITCH project, dedicated to industrial decarbonization, will establish a permanent base at Harbourside, adding to its existing £20 million funding from the Swansea Bay City Deal, which also benefits from UK Government support.
What this means for West Wales
This initiative aligns with broader regional development strategies, including the Celtic Freeport, which links Port Talbot and Milford Haven in Pembrokeshire. The Celtic Freeport, which received approval for its full business case in October 2024, aims to attract investment into low-carbon energy projects, create jobs, and contribute significantly to South Wales’ economic transition.
Key connections between the initiatives include:
- Regional economic impact: The Celtic Freeport is projected to generate £900 million in Gross Value Added (GVA) by 2030 and £13 billion by 2050, complementing the Port Talbot project’s goal of injecting £87 million into the South Wales economy.
- Decarbonization focus: The SWITCH project will support the steel and metal industry in reducing carbon emissions, aligning with the Celtic Freeport’s emphasis on low-carbon technologies, including floating offshore wind, hydrogen, and carbon capture.
- Investment and innovation: The Celtic Freeport aims to attract £3.5 billion in investment for the hydrogen sector, while the Port Talbot Innovation District will serve as a hub for industrial research and development.
- Government backing: Both projects receive support from the UK and Welsh governments, reflecting a coordinated effort to foster economic regeneration.
- Energy transition: With Milford Haven already processing around 20% of the UK’s energy needs, both initiatives contribute to the country’s broader shift towards sustainable energy solutions.
By linking these initiatives, stakeholders can emphasize a holistic approach to economic regeneration, decarbonization, and job creation across South Wales, ensuring a sustainable future for communities from Port Talbot to Milford Haven.
Business
Cardiff airport investment under fire as Qatar link stalls despite £400m public backing
Ministers admit no meetings with airline that once received Welsh Government marketing support
THE FUTURE of Cardiff Airport’s long-haul ambitions has been thrown back into the spotlight after Welsh ministers admitted they have not personally met Qatar Airways executives — despite the airline once operating the airport’s flagship international route and benefiting from a publicly funded marketing partnership.
The admission has prompted fresh questions over whether taxpayers are getting value for the almost £400 million of public money that has been invested in the airport since it was bought by the Welsh Government in 2013.
South Wales Central Conservative MS Andrew RT Davies said the lack of direct engagement was “unacceptable”, arguing that ministers had failed to prioritise restoring one of Wales’ most important global connections.
In written questions to Economy Minister Rebecca Evans and Transport Minister Ken Skates, he asked how many times they had met Qatar Airways since August 2024.
Both confirmed they had not held any meetings.
Ms Evans said commercial negotiations are led by the airport’s executive team and added she would “very much welcome” the route’s return when the time is right.
Mr Skates said responsibility for the airport sits outside his portfolio and declined to comment further while discussions are ongoing.

Flagship route
Qatar Airways launched daily flights between Cardiff and Doha in 2018 to considerable fanfare.
At the time, ministers described the service as “transformational”, linking Wales directly to one of the world’s biggest aviation hubs and providing one-stop access to more than 150 destinations across Asia, Australia, Africa and the Middle East.
Business groups said the route would make Wales more attractive to inward investors and exporters, while tourism chiefs hoped it would bring higher-spending international visitors.
To promote the link, the Welsh Government entered into a two-year marketing partnership with the airline, understood to be worth around £1 million, aimed at raising Wales’ profile overseas and encouraging travel through Cardiff.
The agreement funded joint advertising and promotional campaigns in international markets.
However, the route operated for less than two years before being suspended at the start of the Covid-19 pandemic in 2020.
While Qatar Airways has since restored flights to other UK airports including Heathrow, Manchester and Birmingham, Cardiff remains the only former UK destination where services have not resumed.

Value for money questions
The situation has reignited debate over whether the public investment delivered lasting benefits.
Critics say the combination of direct airport funding and marketing support should have secured a more sustainable presence from a global carrier.
They question whether the advertising partnership represented value for money if the route ultimately disappeared and has yet to return.

For some observers, the absence of Qatar has become a yardstick for judging the success of government ownership.
After more than a decade and hundreds of millions of pounds in loans and support, they argue, Wales should be seeing stronger international connectivity rather than retreat.
Supporters counter that the pandemic severely disrupted aviation worldwide and that rebuilding routes takes time, particularly for smaller regional airports.
They also note that commercial airline negotiations are typically handled by airport management rather than ministers.

Passenger recovery
Cardiff Airport was purchased by the Welsh Government for £52m to prevent its closure and safeguard jobs.
Since then it has required repeated financial support packages to maintain operations and invest in infrastructure.
Passenger numbers remain below pre-pandemic levels, and the airport continues to compete with Bristol, which offers a far wider range of routes and attracts many Welsh travellers across the border.
Industry analysts say long-haul services such as Doha are especially important because they connect regions directly to global markets without relying on London hubs.
Without them, airports risk being seen as secondary or feeder operations.
Political pressure
Mr Davies said the government needed to show greater urgency.
“Senedd ministers have ploughed almost £400 million into Cardiff Airport since they bought it – yet they haven’t even bothered to meet with a major airline to re-establish a crucial international link,” he said.

“When that level of public money is involved, people expect leadership.
“Getting flights back should be a priority.”
The Welsh Government maintains it remains supportive of restoring the route and says talks with Qatar Airways are continuing through airport executives.
But for many travellers and businesses, the key question remains simple: after years of investment and promises, when will Wales once again have a direct long-haul link to the world?
Until Qatar — or another global carrier — returns, critics say, that question will continue to hang over Cardiff Airport’s future.
Business
Croeso awards return to celebrate Pembrokeshire’s tourism stars
Colin Jackson to host major industry night as entries open for 2026 event
THE CELEBRATION of Pembrokeshire’s tourism and hospitality sector is officially underway as the Visit Pembrokeshire Croeso Awards return for 2026 after a two-year break.

The prestigious awards, designed to recognise businesses that go above and beyond to deliver exceptional visitor experiences, are back with what organisers describe as “fresh energy and renewed ambition”.
This year’s ceremony will be hosted by Welsh sporting legend Colin Jackson CBE, the Olympic silver medallist and former world champion hurdler, who will act as compère for the evening.
The awards will take place on Thursday (Oct 29), bringing together leading hotels, attractions, restaurants and tourism operators from across the county for a night of celebration and recognition.

Seventeen categories are open for entry, including Best Hotel, Best Place to Eat, Accessible & Inclusive Tourism Award and Rising Star, highlighting both established operators and emerging talent within the industry.
Organisers say the event is not only about rewarding excellence, but also about developing the next generation of hospitality professionals.
At the heart of this year’s ceremony is a partnership between Pembrokeshire College and the Celtic Collection. Students will gain hands-on experience in staging a live, large-scale event, working alongside front-of-house teams and industry specialists to plan and deliver the evening.
The collaboration aims to give young people practical skills while supporting the long-term future of the county’s tourism sector.
Emma Thornton, Chief Executive of Visit Pembrokeshire, said: “We are very excited to be launching our 2026 Croeso Awards building on our 2024 event through working in partnership with Pembrokeshire College and the Celtic Collection.
“We’ve taken the deliberate step to launch three months earlier than in previous years. By doing so we hope this will encourage more entries, making it much easier for businesses and organisations to submit entries well ahead of the busy spring and summer season.
“If you haven’t entered the Croeso Awards before, please make this the year that you do.”
Applications are now open via the Croeso Awards pages on the Visit Pembrokeshire website and close on Monday (March 31). The shortlist will be announced on July 1.
Support sessions to help businesses complete applications will be held every Wednesday throughout February at the Bridge Innovation Centre in Pembroke Dock.
Tickets and a limited number of sponsorship opportunities are also available.
Photo caption:
Colin Jackson CBE will host the 2026 Croeso Awards when they return this October (Pic supplied).
Business
Welsh business confidence falls sharply in January
BUSINESS confidence in Wales fell by twenty points in January, according to the latest Business Barometer from Lloyds Bank, amid weakening optimism about both trading conditions and the wider economy.
The headline confidence figure for Wales dropped to 32%, down from 52% in December 2025. Firms’ confidence in their own trading prospects fell even more steeply, down thirty points to 38%, while optimism about the wider economy declined by eight points to 27%.
Despite the downturn in sentiment, Welsh businesses reported stronger hiring intentions. A net balance of 44% of firms said they expect to increase staff numbers over the next twelve months, up twenty-four points on the previous month.
Looking ahead, businesses in Wales identified their main priorities for growth over the next six months as developing new products or services (43%), investing in staff training and skills (40%), and introducing new technology (33%).
The Business Barometer surveys around 1,200 businesses across the UK each month and has been running since 2002, providing early indicators of regional and national economic trends.
UK outlook mixed
Across the UK as a whole, business confidence slipped by three points in January to 44%. While firms’ confidence in their own trading prospects increased by seven points to 59%, optimism about the wider economy fell sharply, down fourteen points to 28%.
London recorded the highest confidence level of any UK nation or region at 68%, followed by Northern Ireland at 66% and the West Midlands at 65%.
Sector picture
Retail confidence edged up slightly in January, rising by two points to 49%. Confidence in the service sector increased by one point to 42%, marking the first rise since the summer. Construction confidence, however, fell back after a particularly strong improvement in December.
Nathan Morgan, area director for Wales at Lloyds, said the figures reflected ongoing economic pressures but highlighted some positive signals.
“Business confidence has reduced this month, reflecting wider economic headwinds,” he said. “However, hiring intentions are up sharply, with Welsh businesses planning to invest in people at scale, showing a real commitment to growth despite the challenges.”
Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said firms were entering the year with confidence in their own trading prospects, even as concerns about the broader economy persisted.
“The first rise in confidence in the services sector in seven months is encouraging, given the sector’s central role in supporting UK economic activity,” she said.
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