Connect with us
Advertisement
Advertisement

Business

Milford Haven Port: Hospitality income overtakes biggest energy terminal

Published

on

Tourism and hospitality generate more than any single energy customer, marking a historic economic shift for the UK’s leading energy port

THE PORT OF MILFORD HAVEN — long known as Britain’s busiest energy gateway — has revealed that its hospitality and tourism businesses are now outperforming its largest energy customer.

For the first time in the Port’s history, income from hotels, restaurants, and visitor operations exceeded the revenue earned from its single biggest energy terminal, according to the Port’s 2024 Annual Report.

The milestone marks a strategic turning point in the commercial direction of the trust port, which has traditionally relied on oil and gas terminals such as Valero, Dragon LNG and South Hook.

Excellent results: Port boss Tom Sawyer has definitely got something to smile about

Chief Executive Tom Sawyer said that the shift demonstrates the value of diversification in a volatile global energy climate. “Hospitality and tourism generated more income for us in 2024 than the busiest of our energy terminal customers,” the report confirms. “This should be very reassuring to all our stakeholders as it underpins our ability to invest with greater confidence in our core port operations.”

Port invests in community and renewables

As a trust port, Milford Haven has no shareholders. All profits are reinvested locally — and in 2024, more than £500,000 was delivered in community grants, youth outreach, environmental work, and local development.

The Port posted £43.2 million in turnover, a 4.6% rise on the previous year. Operating profits rose by 65.9% to £6.8 million, and net profit after tax stood at £1.9 million, reversing a £1 million loss in 2023. Diversified revenue now accounts for 45% of total income, up from 39% the year before.

Green energy future for Pembrokeshire

Plans for new floating turbines in the Celtic Sea could provide enough power for more than 4 million homes

The year also saw the official opening of the Pembroke Dock Marine facility — a £60 million infrastructure project supported by the Swansea Bay City Deal, with visits from the Deputy Prime Minister, the Welsh First Minister and the Secretary of State for Wales.

With the emergence of Floating Offshore Wind (FLOW) as a regional growth sector, and new hydrogen projects launching from Pembroke Port, the Port of Milford Haven is positioning itself as a central hub in Wales’ clean energy transition.

Two green hydrogen firms — ERM and Haush — launched operations in 2024, with trials underway and a 15MW electrolyser planned for local supply and refuelling uses.

Coastal tourism rises — jobs follow

The Tŷ Hotel, Milford Waterfront

Meanwhile, Milford Waterfront is booming. The Tŷ Hotel, operated by The Celtic Collection, exceeded expectations for its second full year, while McDonald’s, Greggs, Costa, and other outlets created 130 jobs over the past two and a half years.

Milford Marina reached 100% occupancy, with a growing waiting list. The area hosted thousands at events such as the Round Table’s fireworks display and beer festival. One luxury cruise ship, Star Legend, even brought cyclists from North America on a bespoke “Tour de Pembrokeshire”.

A new play park, accessibility upgrades, and repurposing of historic dockside buildings are all planned in 2025.

Changing priorities — and opportunities

The Yasa Southern Cross, berthing at the Valero jetty, June 2025

While energy remains the Port’s core operation, the fact that hospitality and tourism are now more valuable than its top energy customer sends a strong message about the changing economy of coastal Pembrokeshire.

Dr Siân George, the Port’s new Chair and a veteran of the marine renewables sector, said the shift was both strategic and symbolic: “This Port is anchored in its community. The fact that our strongest individual revenue stream in 2024 came from local tourism, not global energy, shows that our strategy is not just working — it’s transformative.”

Business

Computer gaming lounge plans for Tenby cinema submitted

Published

on

FORMAL plans to turn Tenby’s former Poundland and Royal Playhouse cinema to a retro computer gaming lounge have been submitted to the national park.

Following a takeover by investment firm Gordon Brothers, Poundland shut 57 stores earlier this year, including Tenby’s branch on White Lion Street.

In an application to Pembrokeshire Coast National Park, Matthew Mileson of Newport-based MB Games Ltd, seeks permission for a change of use of the former Gatehouse (Playhouse) Cinema, most recently used as a Poundland store to a retro gaming lounge.

This follows a recently submitted application for a ‘CONTINUE? Retro Gaming Lounge’ sign on the front of the former cinema, ahead of the wider scheme for a retro gaming facility at the former cinema site, which has a Grade-II-listed front façade.

A supporting statement for the change of use scheme through agent Asbri Planning Ltd says: “The proposed retro gaming lounge will be inviting to all ages, including families, groups and individuals with no age restriction. The applicant has several similar premises across other parts of the UK and operates under a successful business model.

“This includes a fee being payable to enter the premises which thereby grants access to unlimited game time to all consoles/arcade machines. There will be no slot or coin-based reward games, so the proposal would not be considered/classed as gambling. The site will provide snacks and drinks (including alcohol) which will be canned/bottled drinks.

“The sale of such drinks would be ancillary to the overall function of the premises, and a separate alcohol licence will be submitted, accordingly.”

It adds: “The development would provide a much-welcomed addition to White Lion Rd which will improve the vitality and viability of the immediate area by promoting greater levels of footfall within the area and introduce greater variety to the shopping frontage at this location.”

It proposes opening hours of 10-10, Sunday to Thursday, and to 11pm on Fridays and Saturdays.

The application, and the related signage scheme, will be considered by park planners at a later date.

Prior to being a Poundland, the site was the Royal Playhouse, which had its final curtain in early 2011 after running for nearly a century.

The cinema had been doing poor business after the opening of a multiplex in Carmarthen; in late 2010 the opening night of the-then latest Harry Potter blockbuster only attracted an audience of 12 people.

Continue Reading

Business

Independent brewers join call for business rates relief as pub closures feared

Published

on

INDEPENDENT brewers have joined growing calls for urgent, pub-specific relief on Business Rates amid fears that community pubs across west Wales and beyond could be forced to close.

The Society of Independent Brewers and Associates (SIBA) has warned that changes announced in the Autumn Budget will see pub costs rise sharply over the next three years, with the average pub facing a 76% increase in Business Rates. By comparison, large warehouse-style premises operated by online and technology giants are expected to see increases of around 16%.

The issue will be discussed at a meeting taking place on Monday in Saundersfoot, where local publicans, small brewers and business representatives are due to come together to examine the impact of rising Business Rates and escalating operating costs. The meeting is expected to focus on the future sustainability of community pubs, particularly in coastal and rural areas where they often act as vital social hubs as well as key local employers.

Independent breweries are particularly exposed, SIBA says, as the vast majority of their beer is sold through local community pubs. Many small breweries also operate their own pubs or taprooms, meaning they are hit twice by rising rates. Some independent brewers have reported rateable value increases of up to 300%, creating new costs they say will be extremely difficult to absorb.

New industry research published on Thursday (Dec 12) suggests that introducing a pub-specific Business Rates relief of 30% from April 1, 2026 could protect around 15,000 jobs currently under threat in the pubs sector and help prevent widespread closures.

The call for action follows an open letter sent last week by SIBA’s board, expressing deep concern at the impact of the Budget’s Business Rates decisions on the hospitality sector.

Andy Slee, Chief Executive of SIBA, said: “The last orders bell is ringing very loudly in our community pubs after the shock changes to Business Rates in the Budget.

“Publicans and brewers feel badly let down by a system that still isn’t fairly addressing the imbalance between big global tech companies and small business owners.

“We were promised proper reform of Business Rates in the Labour manifesto last year and a rebalancing of the tax regime, but this has not been delivered. Pubs therefore need urgent help to address the planned increase in costs through a pub-specific relief, followed by full and meaningful reform.”

Those attending Monday’s meeting in Saundersfoot are expected to consider how local voices can feed into the national debate and press for urgent action to protect community pubs across Pembrokeshire.

Continue Reading

Business

Cosheston Garden Centre expansion approved by planners

Published

on

PLANS to upgrade a garden centre on the main road to Pembroke Dock have been given the go-ahead.

In an application to Pembrokeshire County Council, submitted through agent Hayston Developments & Planning Ltd, Mr and Mrs Wainwright sought permission for upgrade of a garden centre with a relocated garden centre sales area, additional parking and the creation of ornamental pond and wildlife enhancement area (partly in retrospect) at Cosheston Garden Centre, Slade Cross, Cosheston.

The application was a resubmission of a previously refused scheme, with the retrospective aspects of the works starting in late 2023.

The site has a long planning history, and started life as a market garden and turkey farm in the 1980s, and then a number of applications for new development.

A supporting statement says the previously-refused application included setting aside a significant part of the proposed new building for general retail sales as a linked farm shop and local food store/deli in addition to a coffee bar.

It was refused on the grounds of “the proposal was deemed to be contrary to retail policies and the likely impact of that use on the vitality and viability of nearby centres,” the statement said, adding: “Secondly, in noting that vehicular access was off the A 477 (T) the Welsh Government raised an objection on the grounds that insufficient transport information had been submitted in respect of traffic generation and highway safety.”

It said the new scheme seeks to address those issues; the development largely the same with the proposed new garden centre building now only proposed to accommodate a relocated garden centre display sales area rather than a new retail sales area with other goods, but retaining a small ancillary coffee bar area.

“Additional information, in the form of an independent and comprehensive Transport Statement, has now been submitted to address the objection raised by the Welsh Government in respect of highway safety,” the statement said.

It conceded: “It is acknowledged that both the creation of the ornamental pond and ‘overspill’ parking area do not have the benefit of planning permission and therefore these aspects of the application are ‘in retrospect’ and seeks their retention.”

It finished: “Essentially, this proposal seeks to upgrade existing facilities and offer to the general public. It includes the ‘relocation’ of a previously existing retail display area which had been ‘lost’ to the ornamental pond/amenity area and to provide this use within the proposed new building and moves away from the previously proposed ‘farm shop’ idea which we thought had merit.

“This revised proposal therefore involves an ‘upgrading’ rather than an ‘expansion’ of the existing garden centre use.”

An officer report recommending approval said that, while the scheme would still be in the countryside rather than within a settlement boundary, the range of goods sold would be “typical of the type of goods sold in a garden centre and which could be sold elsewhere within the garden centre itself,” adding: “Unlike the recent planning application refused permission it is not intended to sell delicatessen goods, dried food, fruit and vegetables, pet products and gifts.”

It added that a transport statement provided had been reviewed by the Welsh Government, which did not object on highway grounds subject to conditions on any decision notice relating to visibility splays and parking facilities.

The application was conditionally approved.

Continue Reading

News13 hours ago

Search under way in Pembroke Dock for missing man Lee

Coastguard, RNLI and rescue helicopter launched as fears grow he entered the water A MAJOR search and rescue operation is...

News13 hours ago

Search under way in Pembroke as man reported missing

Rescue teams battle worsening weather ahead of amber rain warning A MULTI-AGENCY search and rescue operation is under way in...

News17 hours ago

Amber weather warning as ‘danger to life’ rain set to hit Pembrokeshire

Dyfed-Powys Police and council teams prepare as Monday deluge expected COMMUNITIES across Pembrokeshire are being urged to brace for severe...

Crime18 hours ago

Former Army Cadet leader sentenced for child abuse image offences

Judge condemns “horribly abused” victims as Carmarthen man admits offences A FORMER Army Cadet instructor from Carmarthen has been sentenced...

Crime20 hours ago

Trefin dog case ends in forfeiture order after protection notice breach

Village protest followed months of complaints about barking A WOMAN from north Pembrokeshire has been fined £1,000 and ordered to...

Crime2 days ago

Man spared jail after baseball bat incident in Milford Haven

Judge says offence was so serious only a prison sentence was justified A 44-YEAR-OLD has been given a suspended prison sentence after...

Crime2 days ago

Rural cannabis factory exposed after five-year operation in Carmarthenshire

Family-run drugs enterprise brought in millions before police raid during lockdown A FAMILY who relocated from England to a remote...

Business3 days ago

Senedd rejects calls to ‘eliminate’ rates for small businesses

A CONSERVATIVE call to abolish rates for all small businesses in Wales has been voted down by the Senedd amid...

Community4 days ago

Christmas song pokes fun at Haverfordwest’s ‘Instagram-friendly’ bridge

Rock track raises money for charity while giving a gentle dig to the council A BRAND-NEW Christmas rock song by...

Crime4 days ago

Police reassure community after school lockdown incident in Carmarthen 

DYFED-POWYS POLICE have issued reassurance to the community after Ysgol Bro Myrddin in Carmarthen was placed into a precautionary lockdown on...

Popular This Week