Business
Lights, Cymru, action: Netflix brings £200 million boost to Wales

Major productions support 500 Welsh businesses and launch careers for local creatives
NETFLIX has revealed that its productions in Wales have generated more than £200 million for the UK economy since 2020, cementing Wales as a vital hub for the global streaming giant.
The announcement, made in partnership with Creative Wales, highlights the scale of Netflix’s investment in the region and celebrates the impact of its latest project — Havoc — the largest feature film ever shot entirely in Wales.

Directed by Welsh filmmaker Gareth Evans and starring Tom Hardy, Havoc was filmed across a range of Welsh locations. The action-thriller follows a bruised detective as he navigates a criminal underworld to rescue a politician’s estranged son following a botched drug deal.
Wales has steadily become a filming powerhouse for Netflix, with previous productions including Sex Education, The Crown and The Witcher. A newly published report showcases the scale of investment and its ripple effect across sectors. For every £1 spent by Netflix in Wales:
- 58p is spent in TV and film production
- 7p in rental and leasing
- 5p in the creative arts
- 3p in food and hospitality
- 27p across other sectors of the economy
In addition, each £1 spent has created an extra 80p in supply chain spending, boosting industries indirectly connected to filming.
Supporting local talent
Netflix has not only brought blockbuster productions to Wales, but also helped launch careers in the creative industries. Over 60 trainee and apprenticeship roles were created during the filming of Sex Education, many of which led to full-time work.
In another initiative, Netflix partnered with the National Youth Theatre to deliver its IGNITE Your Creativity programme, reaching over 350 young people in Newport, Cardiff, Port Talbot, Torfaen and Bridgend with workshops aimed at building skills and confidence.

Championing the Welsh language
As part of its ongoing commitment to Welsh culture, Havoc will be available with Welsh-language subtitles. Previous Netflix hits including The Adam Project and Red Notice also featured Welsh subtitles, and in 2023 the platform licensed Dal y Mellt, its first Welsh-language drama.
Praise from industry and government
Anna Mallett, Vice President of Production for Netflix UK, said: “From Sex Education to The Crown, and now Havoc, some of our most beloved titles were filmed or produced in Wales. Blessed with incredible creative talent and beautiful landscapes, Wales is an amazing place to make entertainment. We’re proud our productions here continue to offer enduring cultural and economic benefits.”
Welsh Culture Minister Jack Sargeant added: “We are immensely proud of our creative industries, which employ over 35,000 people and benefit from world-class infrastructure. As this report shows, welcoming high-profile Netflix productions has delivered significant economic and reputational gains for Wales.”
Joedi Langley, Interim Head of Creative Wales, said: “Collaborating with Netflix brings jobs, training, and major economic benefits to our communities. We look forward to continuing this relationship and building Wales’s profile as a go-to destination for major productions.”
Director Gareth Evans said: “Filming Havoc in Wales was a thrilling experience. The impact of a production of this scale on local businesses and creatives has been incredible. I hope this paves the way for even more filmmakers to choose Wales to tell their stories.”
Local voices: Training and trade
Johnny Gurnett, a former Netflix trainee, credited the company with launching his career: “Getting your foot in the door can be really tough, and this was my first job in the industry. Since then, I’ve worked on Disney’s Willow, BBC’s Lost Boys and Fairies, and HBO’s Rain Dogs. I wouldn’t be where I am now without the experience and connections I made on Sex Education.”
Adam Charles, Head Chef at The Healthy Hangout, shared his business’s role in the production: “We provided meals for some of the stars, which was brilliant for business. But beyond that, there’s a sense of pride in knowing our food was part of something this big.”
Business
Fat Freddies reassures customers after technical hiccup at new Johnston venue

FAT FREDDIES, the new family-run restaurant at the former Silverdale Inn in Johnston, has thanked customers for their overwhelming support after a temporary closure on Friday (May 16) due to teething problems with its order system.
The business, which launched earlier this week as part of a soft opening, faced technical issues with its till and printer setup, which led to confusion in the kitchen and order delays. The team made the decision to pause service mid-shift to investigate and fix the problems — and their honesty and transparency have earned them praise from loyal customers.
In a heartfelt social media post, the team wrote: “Even with additional staff, we were left with no choice but to end the mess that was building up and spend the afternoon problem-solving. Emotional and devastated, after a great opening week to be hit with these issues on our third day.”

Despite the setback, customers have rallied behind the business.
Jo Goldsmith commented: “We had a wonderful breakfast on Wednesday, absolutely delicious and fantastic service. Keep going!”
Roo Ash praised the team’s decision to take a break rather than “try to save a sinking boat,” adding: “You got this! Can’t wait to pop down!”
Another regular, Dianne Riddiford, was equally understanding: “Ahhh there’s always a few gremlins at the start. Enjoy the afternoon and we shall see you tomorrow morning.”
Emma Sutton said: “Sounds like you did the right thing, guys. Chin up, onwards and upwards.”
Even those who missed out are planning to return. Michael Butler said: “We came around 11am but were told the kitchen was closed due to catching up. We were gutted — will try come again.”
Fat Freddies confirmed they are now fully focused on getting everything operational again, with a larger team on hand for the weekend rush. The soft launch continues, with the owners saying the whole point was to iron out issues before a full-scale opening.
They added: “We’re gutted — but also so grateful for everyone’s support and understanding. We’ll be back stronger.”
Business
Sir Michael Moritz tops Welsh Rich List as Sunday Times reveals UK’s wealthiest in 2025

Drop in UK billionaires but rising young fortunes for Wales
SIR MICHAEL MORITZ and his wife Harriet Heyman have retained their crown as the wealthiest individuals in Wales, topping the Welsh list in The Sunday Times Rich List 2025, which was published online today (Friday, May 16) and will appear in this Sunday’s print edition of The Sunday Times.
The Cardiff-born venture capitalist and his American novelist wife are worth an estimated £4.43 billion, despite a recent £168 million dip. They lead the list of the top 20 richest people in Wales, compiled as part of the newspaper’s annual 76-page special on Britain’s richest individuals and families.

Hot on their heels is tech entrepreneur Simon Nixon, with a fortune of £1.95 billion — up £70 million on last year. West Wales is also represented in the top ranks, with Douglas and Dame Mary Perkins, from Carmarthenshire, founders of the high-street opticians chain Specsavers, valued at £1.54 billion. The couple famously launched the company from a ping-pong table in their spare bedroom.
This year’s Rich List reveals the largest drop in UK billionaires in its 37-year history, with the number falling from a peak of 177 in 2022 to just 156 in 2025. The combined wealth of the 350 people featured is now £772.8 billion — a 3% decrease on last year.
While the overall number of billionaires is shrinking, there has been a surge in younger millionaires. For Wales, 39-year-old sports retail entrepreneur Alex Loven leads the under-40 category with an estimated wealth of £262 million. Entry to the 40 Under 40 section now requires a staggering £100 million — nearly double last year’s threshold.
Robert Watts, compiler of The Sunday Times Rich List, commented: “Our billionaire count is down, and the combined wealth of those who feature in our research is falling. We’re also seeing fewer of the world’s super-rich choosing to live in the UK. But at the same time, we’re still uncovering remarkable stories of self-made wealth — from new tech and AI ventures to everyday products like jogging bottoms and radiators.”
The list also highlights rising frustration among entrepreneurs and business leaders about the direction of economic policy. Watts noted that even long-standing British business owners and young tech innovators are warning of the effects of tax changes introduced in the 2024 Autumn Statement.
Among the familiar names still featured are Sir Elton John, Sir Mick Jagger, Sir Lewis Hamilton, and film director Sir Christopher Nolan. The entry level for the Rich List remains at £350 million.
The Rich List also includes The Sunday Times Giving List, which tracks philanthropic giving. This year, the 100 most generous individuals donated £3.7 billion to charity. Welsh businessman Steve Morgan alone contributed millions and called for “braver philanthropic giving to tackle systems, not symptoms.”
The top 5 richest in Wales (2025):
- Sir Michael Moritz and Harriet Heyman – £4.43bn (venture capital and philanthropy)
- Simon Nixon – £1.95bn (technology)
- Douglas Perkins and family – £1.54bn (opticians – Specsavers)
- Sir Terry Matthews – £1.34bn (telecoms)
- David Sullivan and family – £1.12bn (property)
Top under 40 in Wales:
- Alex Loven – £262m (sports retail)
The full list of the 350 richest individuals in Britain and further analysis is available online at: https://www.thetimes.com/sunday-times-rich-list
Source: The Sunday Times Rich List 2025
Business
Welsh TV sector boosted as hit BBC drama films in Cardiff

Cardiff stands in for London again as Industry returns for fourth season
THE WELSH TV industry has received a major boost as filming continues in Cardiff for the fourth season of the hit BBC and HBO drama Industry.
The high-profile series, which follows the lives of ambitious young bankers working in London, is being produced once again by Cardiff-based company Bad Wolf. This season is backed by Welsh Government funding through Creative Wales, under a four-year deal designed to grow the nation’s television sector.
As part of the agreement, the production offers paid trainee roles and career development opportunities for Welsh crew members through Screen Alliance Wales. The Herald understands at least 42 trainee and upskilling placements will be delivered as part of the scheme, helping more people from Wales enter or progress within the TV industry.
The new series stars BAFTA winner Marisa Abela, Myha’la and Game of Thrones actor Kit Harington. New cast members include Stranger Things star Charlie Heaton and Max Minghella of The Social Network and The Handmaid’s Tale.
Although set in London, much of the filming takes place in Cardiff, with the capital doubling for the City’s financial district. In recent years, Cardiff has also stood in for locations including Oxford in His Dark Materials and an unnamed US city in Netflix’s Havoc.
Skills and Culture Minister Jack Sargeant visited the Industry set this week and met with cast, crew and trainees. He said:
“As Learning at Work Week draws to a close, it’s been a pleasure to hear about the fantastic experience our Welsh trainees are gaining on Industry.
“These placements help develop our homegrown talent and reinforce Wales’ growing reputation as a world-class filming location.”
Jacob Cook, a trainee in the graphics department, said he was working in a supermarket before landing the role:
“I studied graphic design at university but had no idea how to get into the film and TV industry. I met someone from Screen Alliance Wales at a careers fair, and two weeks later I was working on set.
“It’s a fast-paced role where I’ve learned so much. You don’t have to go to Hollywood to build a successful career – you can come to Splott!”
Costume trainee Rosie Berry added:
“I’ve got a degree and a master’s in costume design, but after taking time out to raise my children, I wanted to get into the industry properly.
“I’m now based in the studio, helping with fittings for supporting actors – some days we do up to 40 fittings. This placement has given me the confidence to apply for a junior role and work my way up.”
The Welsh Government says the deal with Bad Wolf commits the production company to a minimum Welsh spend over four years, helping to strengthen the domestic industry and build long-term career pathways for Welsh workers.
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