Business
Top investment experts join Development Bank of Wales board
TWO of the UK’s leading finance professionals have been appointed as Non-Executive Directors of the Development Bank of Wales.
Annie Ropar, Chief Financial Officer of the UK’s National Wealth Fund, and Paul Oldham, a senior figure at equity investment firm BGF, will now help guide the bank’s future strategy.
The announcement comes as the Development Bank continues to expand its reach, with more than £2 billion in funds under management and over 3,600 Welsh businesses in its investment portfolio.
Broad experience in public and private sectors
Annie Ropar was among the founding staff of the Canada Infrastructure Bank, where she served as its first CFO and Chief Administrative Officer. Her earlier roles included senior finance positions at Aequitas NEO Exchange Inc. (now CBOE Canada), and a nine-year stint in capital markets at RBC, covering corporate finance, private equity, and institutional equity trading.
Paul Oldham, who joined BGF in 2011, helped establish and lead the company’s offices in Bristol, Cardiff and Reading. His career spans 16 years in private equity with 3i and LDC, and six years as a Partner at Grant Thornton, where he led the corporate finance advisory team in the South West and South Wales. He qualified as a Chartered Accountant with KPMG.
Chair welcomes new appointments
The bank’s Chair, the Hon. Group Captain Sally Bridgeland, said: “I’m delighted to welcome Annie and Paul to the Board at such an exciting time for the Development Bank of Wales. With a growing influence across Welsh communities and a portfolio now exceeding £2 billion, our role has never been more important.
“We are a vital bridge between institutional investors and local enterprises, unlocking opportunities and driving public-private partnerships. Collaboration is at the heart of sustainable growth, and these appointments further strengthen our position as a trusted partner for businesses, investors, and communities.”
Supporting ambitious Welsh firms
Paul Oldham praised the bank’s reputation for delivering sustainable funding:
“The Development Bank is widely respected as the leading provider of effective finance for Welsh businesses. It uses taxpayer money responsibly, while enabling early-stage support for high-potential firms like Coincover and Space Forge to thrive globally.
“I look forward to helping shape funding decisions that support start-ups, expanding businesses and the communities they serve.”
Annie Ropar added: “The bank is a catalyst for local innovation, job creation, and regional economic balance. I saw the impact of this approach in Canada, and it’s now core to what we do at the UK’s National Wealth Fund.
“I’m excited to bring that experience to Wales and help increase the impact of private investment alongside public funding for the benefit of people across the country.”
Delivering for Wales
Owned by the Welsh Government, the Development Bank provides loans and equity to Welsh businesses, people, and communities. Since its creation in 2017, it has invested £959 million in SMEs and property developers, supporting wider government goals such as transitioning to a low-carbon economy and building new homes and commercial spaces.
In the 2024/25 financial year, £152 million in debt and equity was invested in 502 businesses, helping to create and safeguard 6,185 jobs across Wales.
Business
Mini golf attraction to be built on historic Saundersfoot harbour ship
PLANS for a mini-golf tourist attraction on part of a Pembrokeshire seaside village heritage family venue have been approved, with relief expressed at the proposal after a previous ‘pirate’ rum bar scheme was refused.
In an application recommended for approval at the January 28 meeting of Pembrokeshire Coast National Park’s development management committee, Lowri Silver sought permission for a change of use of the ground floor area of Saundersfoot Harbour’s Coastal Schooner to an indoor nine-hole mini golf tourist attraction.
The schooner – a prominent feature on the village’s National Events Deck – was built to showcase Saundersfoot’s maritime heritage and is part of the £10m Wales Coastal Centre project.
The building is a replica of a traditional coastal schooner vessel which operated from the harbour during the coal mining era to transport coal from Saundersfoot.
The interpretation centre closed in October 2024.
Last July, an application by Jonathan Thomas of ‘Schooner’ for a pirate-themed bar at the site was refused at the national park development management committee.
That rum bar scheme had raised concerns from the community council, saying it was “considered to be at odds with the current family venue and heritage elements”.
An officer report recommending refusal said that scheme was considered to fall outside the seaside village’s defined retail area and the impact on the amenity of the area and especially nearby residential dwellings.

At that meeting, Cllr Alec Cormack, one of the local county councillors, and member of the community council, called for a more family-friendly scheme for the site.
A supporting statement accompanying the new mini golf application says: “The maritime theme will be maintained as the attraction will maintain many of the existing interpretation information and the maritime theme. The Schooner operated as an interpretation centre and high ropes offer for a year from October 2023 to October 2024.
“It has been open through the summer of 2025 on Tuesday and weekends. However, it has proved not to be a viable option to run the Schooner as an interpretation centre alone and an additional use is sought to maintain the interpretation element of the Schooner and to offer an all-weather attraction for local people and residents alike.”
The latest proposal was “strongly supported by Saundersfoot Community Council, particularly regarding the provision of an indoor family attraction; this was a unanimous decision,” a report for committee members recommending approval said.
It added: “The proposed works will apart from planters, be fully contained within the existing structure and provide an indoor facility for residents and visitors, which is considered to enhance the visitor economy of the area, not just through the tourist season but also outside of the peak season, with the facility being an indoor facility with scope for all year-round operation.”
At the January meeting, approval was moved by Dr Rosetta Plummer, who was seconded by Cllr Simon Hancock, Dr Plummer expressed her relief at the application before members compared with what was previously proposed.
Fellow committee member Dr Madeleine Havard said: “I’m really pleased the hard-won interpretation centre is being retained; Saundersfoot has really done a great job in promoting this site, to have a family friendly attraction indoors in Pembrokeshire that has got information about the heritage as well certainly means a great deal to people.”
The application was unanimously backed by committee members.
Business
Eight-year prison sentence after vehicle stop uncovers drugs worth over £150,000
A ROUTINE vehicle stop by roads policing officers has led to an eight-year prison sentence after more than £150,000 worth of illegal drugs were discovered in a car in Pembrokeshire.
On Friday, January 2, officers from the Roads Policing Unit stopped a grey Seat Ateca on Hoyland Road, Pembroke. The vehicle was being driven by 43-year-old Dean Evans.
During the stop, Evans told officers they would find “stuff” in the car. He and the vehicle were subsequently searched under the Misuse of Drugs Act.
A search of the boot uncovered a cardboard box containing a one-kilogram block of cocaine and ten half-kilogram packages of herbal cannabis. The street value of the drugs was estimated to be well in excess of £150,000.
Evans was arrested at the scene on suspicion of possession with intent to supply controlled drugs. He was later charged with possession with intent to supply Class A and Class B drugs.
The 43-year-old pleaded guilty at Swansea Magistrates’ Court on Saturday, January 3.
On Thursday, January 28, Evans was sentenced at Cardiff Crown Court to eight years’ imprisonment for possession with intent to supply cocaine and cannabis.
DC Jones, from Dyfed-Powys Police’s Serious Organised Crime Unit, said: “Tackling the supply of illegal drugs is a priority for Dyfed-Powys Police, and the misery that illegal drugs bring to local communities will not be tolerated.
“We welcome the sentence passed to Dean Evans, given the large quantity of harmful drugs he was caught trafficking into Pembrokeshire.
“This sentence should serve as a stark warning to anyone tempted to become involved in the illegal drugs trade in Dyfed and Powys.”
Business
Councillor condemns closure of Haverfordwest Santander branch
A PEMBROKESHIRE councillor has spoken out after learning that the Santander branch in Haverfordwest is set to close later this year, warning the decision will have a serious impact on local residents, families and businesses.
The bank’s Bridge Street branch is due to close on Monday (May 5) as part of a wider UK restructuring programme.
Councillor Thomas Baden Tudor said he was “lost for words” and urged the bank to reconsider, describing the closure as devastating for customers who rely on face-to-face services.
Santander says the decision is driven by declining footfall, with more customers banking online, and that services will remain available via digital platforms and Post Office counters.
However, the announcement follows a steady erosion of high-street banking in Pembrokeshire. The Herald recently reported that Haverfordwest’s former Halifax branch is set to reopen as a nail salon.
In what appears to be a serious failure of planning, there is now not a single bank branch left anywhere in south Pembrokeshire. Towns including Tenby, Pembroke and Pembroke Dock are all without face-to-face banking facilities.
North Pembrokeshire has also been affected, with Fishguard and St Davids now lacking bank branches.
Pembrokeshire is understood to be left with just four bank branches in total — Nationwide in Milford Haven, and HSBC, NatWest and Lloyds Bank in Haverfordwest.
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