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
Calls for urgent sale of Oakwood site amid trespasser fears

CONCERNS have been raised about trespassers entering the closed Oakwood theme park, prompting calls for a swift sale of the site.
The once-popular attraction near Narberth has become a hotspot for urban explorers and thrill-seekers, with social media videos emerging of people wandering around the abandoned rides and infrastructure.
Since Oakwood shut its gates last month, following a decision by Spanish owners Aspro Parks to cease operations due to falling visitor numbers, locals have raised concerns about safety and the risk of vandalism.
Sam Kurtz MS, who represents Carmarthen West and South Pembrokeshire, said a speedy sale was now vital to prevent further deterioration and potential criminal activity.
“The longer it remains empty, the greater the risk of problems – from trespassing to the site falling into disrepair,” said Mr Kurtz. “There’s also a real risk to health and safety if people are entering unsupervised.”
Mr Kurtz called on Aspro to actively work with the Welsh Government, local businesses, and other stakeholders to secure a new future for the site.
“This is a valuable asset,” he said. “There’s been a lot of interest from businesses already, and I urge Aspro to engage with us so we can get the ball rolling.”
Dyfed-Powys Police confirmed they have received multiple reports of trespassing and possible criminal offences at the site since its closure.
The BBC have reported that Economics expert Professor Calvin Jones, of Cardiff University, was less optimistic about Oakwood’s chances of reopening as a theme park.
“If the existing operator – who’s invested tens of millions – can’t make it viable, it’s unlikely a new operator would be able to,” he said.
Instead, Prof Jones suggested the land might lend itself better to other recreational activities, such as adventure tourism, mountain biking, or zipline attractions, depending on what planning authorities allow.
“Ultimately, the future use of the site will come down to planning permission,” he said. “It may become something entirely different.”
Bluestone National Park Resort, which neighbours Oakwood and employs around 700 people, declined to comment on whether it would consider buying the land. Prof Jones noted that Bluestone has historically expanded cautiously and would likely only consider purchasing the site if the price was low.
The Welsh Government said that it “continues to engage” with Aspro Parks and recognised the former theme park’s importance to the local economy.
A spokesperson said: “We are hopeful a buyer will come forward to ensure this site can continue contributing to tourism in the area.”
Pembrokeshire County Council has confirmed it has not yet held any discussions with Aspro.
Business
Pubs to stay open late for VE Day 80th anniversary

Extended hours to help nation mark milestone in Second World War history
PUBS across England and Wales will be allowed to serve until 1:00am to mark the 80th anniversary of Victory in Europe (VE) Day, the Prime Minister has announced.
The extension applies to the evening of Wednesday, May 8, allowing revellers to continue their celebrations into the early hours of Thursday, May 9.
A series of national events are planned to commemorate the end of the Second World War in Europe, including a military parade through central London, an RAF flypast, and the lighting of more than 2,500 beacons across the UK.
Late opening hours for pubs have previously been granted during major national occasions, including Queen Elizabeth II’s Platinum Jubilee and England’s matches during the Euro 2024 semi-finals and final.
Speaking ahead of the anniversary, Prime Minister Keir Starmer said: “As we mark the 80th anniversary of VE Day, the whole country should come together to remember the incredible sacrifices made by the wartime generation and to celebrate the peace and freedom they secured for us all.
“Keeping our pubs open for longer will give people the opportunity to join in celebrations and raise a glass to all of the men and women who served their country, both overseas and at home.”
The commemorations will begin on Monday, May 5, with Union Flags flying at the Cenotaph in London. A military procession will march from Whitehall to Buckingham Palace, followed by an aerial display by the Royal Air Force. On May 8, the BBC will broadcast a celebratory event live from Horse Guards Parade.
Michael Kill, chief executive of the Night Time Industries Association, welcomed the decision. He said: “At such a challenging time for the hospitality sector, allowing businesses to extend their trading hours during these celebrations offers a much-needed boost while paying tribute to our shared history.”
Business
Greenlink energy link goes live, connecting Pembrokeshire to Ireland

Interconnector brings power boost and green energy potential to Wales and Ireland
A MAJOR new electricity interconnector linking Pembrokeshire and Ireland has gone live, with power now flowing between the two countries for the first time via the Greenlink project.
The 504-megawatt (MW) Greenlink Interconnector connects National Grid’s 400kV substation at Pembroke with EirGrid’s Great Island substation in County Wexford. The link spans 200km, including 160km of high-voltage direct current (HVDC) cable laid beneath the Irish Sea.
The interconnector is expected to improve energy security, increase grid resilience, and support the growth of renewable energy by allowing surplus electricity to be shared between Wales and Ireland.
Greenlink is one of the first privately funded energy infrastructure projects of its kind in Europe. It is owned by Greenlink Interconnector Limited and operated by EirGrid.
At the Welsh end of the link, National Grid carried out a series of upgrades to its Pembroke substation, including the installation of a new gas-insulated switchgear bay inside the existing air-insulated facility. The hybrid solution was designed to be space- and cost-efficient, and it uses a greener insulating gas instead of sulphur hexafluoride (SF6), in line with National Grid’s target to halve SF6 emissions by 2030.
James O’Reilly, CEO of Greenlink Interconnector Limited, described the go-live as a “significant milestone.”
He said: “This is one of the first privately developed and funded energy projects between the UK and Ireland. By enabling the transfer of green energy across borders, Greenlink strengthens energy security, enhances sustainability, and fosters greater connectivity with the wider European market.”
John Twomey, Director of Customer Connections at National Grid, said connecting Greenlink to the network at Pembroke allows both countries to “benefit from that boost in capacity and resilience.”
He said: “As demands on our electricity grids evolve, interconnectors provide immense value by strengthening the security of electricity supplies and improving our collective ability to exploit renewable power produced across borders.”
The converter stations at each end of the interconnector transform electricity between direct current (DC) and alternating current (AC) for use on the respective national grids.
Michael Kelly, interim Chief Operations and Asset Management Officer at EirGrid, said the project was “a vital step forward in strengthening our shared commitment to energy resilience and security.”
He added: “EirGrid is leading the transition to a low carbon future by making Ireland’s grid renewable ready. This latest connection was made possible through collaboration with our UK colleagues and the Greenlink team.”
The interconnector is now fully operational, with electricity flowing across the Irish Sea in both directions.
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