Business
Welsh industries to see major cuts in energy bills under UK Government plan
Steel, cement and chemical plants among those set to benefit from landmark support scheme
WELSH businesses are set to benefit from a major cut in electricity costs after the UK Government confirmed new support for the country’s most energy-intensive industries.
From April 2026, around 500 UK companies will save up to £420 million a year through the Government’s Network Charging Compensation Scheme, which increases the discount on electricity network charges from 60% to 90%.
The move forms part of the UK’s modern Industrial Strategy and aims to bring industrial energy prices in line with those of major European economies.
Major boost for Welsh industry
Welsh firms including Tata Steel in Port Talbot, Brecon Carreg in Llandeilo, Amcor Flexibles in Swansea, Kronospan near Wrexham, and Vishay in Newport are among those expected to benefit.
Tata Steel, currently building a new electric arc furnace in Port Talbot, says the investment will reduce CO₂ emissions and secure around 5,000 jobs once complete.
Brecon Carreg, which bottled more than 50 million litres of water last year, is also set to gain from lower electricity network costs.
The Government says the discount will help safeguard vital industries such as steel, chemicals, glass, cement and paper, which together employ around 400,000 people across the UK.
‘Level playing field for British industry’
Business and Trade Secretary Peter Kyle said: “British industry deserves a level playing field – and this government is delivering it. This landmark support will help them stay competitive on the global stage so they can invest and grow here in the UK.”
Welsh Secretary Jo Stevens added: “We are backing our key Welsh industries to drive economic growth, boost investment and create well-paid jobs. By providing cheaper bills to key sectors like manufacturing and steelmaking, while developing energy sources of the future such as floating offshore wind, the UK Government will make Wales one of the best places to invest and do business.”
Complementing Welsh innovation
Cabinet Secretary for Energy Rebecca Evans MS said the support would complement Wales’ existing focus on innovation and skills:
“Cheaper energy means stronger investment, more opportunities, and better jobs. Once again we see the benefits of being a partner in a strong United Kingdom.”
Aligning prices with Europe
The Network Charging Compensation Scheme is designed to cut the cost of accessing the UK’s electricity grid for energy-intensive users, bringing prices closer to those seen in France and Germany.
The Government is also launching a new Connections Accelerator Service by the end of 2025 to speed up grid access for major projects, supporting faster investment and job creation.
A full list of Welsh companies eligible for the scheme includes Tata Steel, Kronospan, WEPA UK, Dow Silicones, Plastipak UK, Montgomery Waters, Cabot Carbon, and others across key manufacturing sectors.
Business
Pembroke Gibbas Way housing scheme refused by planners
A SCHEME for 50 homes in a Pembrokeshire town, which was put on hold temporarily last month, has been refused despite a call for it to remain paused.
In an application recommended for refusal at the October, and now November, meetings of Pembrokeshire County Council’s planning committee, South Meadow Homes Ltd sought permission for a development of 50 homes, including a 10 per cent affordable housing contribution, on land north of Gibbas Way, Pembroke.
A report for members said that further financial obligations for the scheme, other than affordable housing units, were sought, comprising of financial obligations to address the shortfall in planned capacity at Henry Tudor School (£41,321.74) and ‘active travel’ improvements (£25,000) respectively.

The financial obligations sought total £66,321.74.
It said that, other than the provision of the affordable housing units, “the applicant has challenged the obligations sought, suggesting that they are not justified and inferring that the development will be unviable if they are to be secured”.
It was recommended for refusal on the grounds of the absence of that obligation and for the need for a full Screening and Appropriate Assessment (AA) in compliance with the Habitats Regulations (2017) in consultation with Natural Resources Wales.
It said, in the absence of this, to grant planning permission would be “unlawful”.
Pembrokeshire County Council recently backed sending a letter to the First Minister, conveying the authority’s “great concern over Natural Resources Wales’ recent river nitrates guidance,” which has “essentially placed a moratorium on certain types of development in Pembrokeshire”.
It says the area which development is required to demonstrate nitrogen neutrality is approximately 75 per cent of the county, including Haverfordwest, Narberth, Pembroke and Pembroke Dock, and amounts to approximately 35 per cent of the council’s future housing land supply.
At the October meeting, members heard the applicants were investigating ways of mitigating the NRW concerns, and “at no time” had they refused the other obligations sought, awaiting an independent valuation of the viability with those conditions.
Members backed the scheme being “paused” while those issues could be addressed, the application returning to the November meeting.
At the November meeting, agent Guy Thomas reiterated there was no refusal to pay a contribution; members hearing the nitrates issue was ongoing.
“All we’re asking is for the opportunity to develop this application on a paused basis,” he said.
He said the cost for providing the affordable units amounted to some £0.75m, adding: “Our grievance is on top of that a late bid has been put in by education and highways, despite assurances it was no longer incumbent.”
He asked: “Why of all the nitrates paused applications have we been singled out for refusal?” he asked, adding: “Work with us to create these 50 new homes; we need you to allow the application to remain paused.”
Moving the recommendation of refusal, Cllr Simon Hancock said the scheme in its current form could not be approved.
Members voted in favour of the recommendation of refusal by 11 votes to one, with one abstention.
Business
Wales’ economy: Swansea hosts 2025 Wellbeing Economy Festival of Ideas
THE MOVEMENT to redesign the economy around people and the planet rather than profit will take centre stage at the Wellbeing Economy Festival of Ideas 2025, being held at Swansea Arena on Wednesday, November 12.
Organised by Wellbeing Economy Cymru (WE Cymru) and supported by 4theRegion and partners across Wales, the event will explore what a fair, sustainable and inclusive economy could look like — and how Wales can lead the change.
The free, one-day festival is open to all, from community leaders and entrepreneurs to students and residents keen to help shape Wales’ economic future.
A call for systems change
WE Cymru says Wales stands at a crossroads. With the cost of living, climate change and inequality worsening, organisers argue the current economic model — focused on growth and extraction — is no longer sustainable.
They say Wales already has strong foundations for change, including the Well-being of Future Generations (Wales) Act 2015, a thriving social enterprise network, and growing public interest in moving beyond GDP as the main measure of success.
Festival organisers describe the event as “a call to action”, bringing together thinkers, doers and community groups already putting wellbeing principles into practice.
What’s happening on the day
Keynote address from Derek Walker, the Future Generations Commissioner for Wales.
Panel discussions challenging traditional ideas about growth and progress.
Exhibitions showcasing Welsh community enterprises, social businesses and local wealth-building projects.
An interactive Open Space session where attendees set the agenda and collaborate on live ideas.
The event will also feature policymakers, academics, local authorities and grassroots organisations discussing how community wealth-building, circular economy models and social enterprise can support jobs, services and climate goals.
Timely debate
Festival director Dawn Lyle, co-founder of 4theRegion, said: “This event could not be more timely. People are struggling with daily costs while billionaires get tax breaks. We can’t fix inequality or the climate crisis without tackling the systems that create them.”
Sian Jones, chair of WE Cymru, added: “Wales is part of the global Wellbeing Economy Alliance and the Wellbeing Economy Governments Organisation. We have a real opportunity to lead on economic development that genuinely delivers for people and communities.”
Mary Sherwood from the Poverty Insight Lab said: “Economic inequality needs to be challenged if we’re serious about wellbeing. We’re bringing the voices of people on low incomes to this event — those whose experiences must shape real change.”
David Kershaw, MD of Posterity Global, one of the exhibitors, said: “I loved last year’s festival. This year, I’m bringing public procurement to the table — because it’s time we saw spending as investing in our shared future.”
Emma Musgrave, of Purple Shoots, added: “We’re excited to show how enterprise can tackle poverty — taking real, concrete action right now.”
Details
Date: Wednesday 12 November 2025
Venue: Swansea Arena, Swansea
Registration: Free, limited spaces – wellbeingeconomy.cymru
Business
Wales ‘hurt hardest’ by Brexit trade barriers
WALES has been “hurt hardest” by Brexit amid a “mess” of trade barriers, cultural blockades and a “fading” Welsh presence in EU relations, Senedd committees have warned.
Delyth Jewell led an “unprecedented” cross-committee inquiry which found “unanimous” agreement from witnesses that the UK-EU trade deal has not benefited Wales.
The Plaid Cymru politician warned the Welsh Government was not informed of UK priorities in advance, leaving Wales with a “diminishing voice” and no “seat at the table”.
Ms Jewell, who chairs the Senedd’s culture and international relations committee, criticised UK ministers for refusing to give evidence to the inquiry or share their EU priorities.
She told the Senedd: “This is a moment for ambition and for Wales not to be a mere passive observer in the processes that happen.
“We must take an active role in shaping outcomes that matter to our culture, our economy, our environment, our communities.”
Turning to the impact on culture, she said: “Touring artists, creative professionals and cultural organisations face barriers that were unimaginable before Brexit, barriers that restrict mobility, increase costs and diminish Wales’s cultural presence on the international stage.
“The evidence is stark – current arrangements for touring are described as unworkable.”
The debate heard the economic impact has been severe – with the EU remaining the biggest trading partner, accounting for 47% (or £17.6bn) of Wales’ total trade in goods.
Hannah Blythyn, for the economy committee, said 90% of businesses are still dealing with challenges, including increased bureaucracy, costs, time, and supply chain disruption.

The ex-minister said: “According to committee witnesses, processes cause extreme levels of cost, administration, complications and loss, intense annoyance, and are hugely frustrating.”
Ms Blythyn, who is the Labour Senedd Member for Delyn, criticised the Welsh Government for rejecting calls to produce its own detailed impact assessment of the trade agreement.
She pointed out that such documents had been produced for trade deals with “Wales’ smaller trading partners, but not its largest to date”.

The report’s criticism was not limited to trade. Llŷr Gruffydd, chair of the climate committee, warned Wales has had a glaring environmental governance gap since the UK left the EU.
The Plaid Cymru politician expressed concerns about the UK-EU trade and cooperation agreement (TCA) containing no dedicated chapter on environment and climate cooperation.
Meanwhile, Mike Hedges – who chairs the Senedd’s legislation committee – sounded the alarm about Wales’ diminishing voice in UK-EU relations. He criticised ministers for “not stepping in” to support Welsh organisations’ involvement.
Mr Hedges told Senedd Members the Welsh Government has not published any Wales-specific information, advice nor guidance on the TCA since 2021.
“This is incredible,” he warned during Wednesday’s (November 5) debate. “It is one of the most significant international treaties that will ever be considered by the Senedd.”

His Labour colleague Alun Davies told the Senedd he could “think of no witness… who said that Brexit had benefited Wales,” adding he was “astonished” the Welsh Government “doesn’t seem to want to set real objectives for the future”.
The criticism was echoed by Adam Price, the former Plaid Cymru leader, who said: “If I can sum it up – we are in a mess, aren’t we?”
Raising the World Trade Organisation’s first post-Brexit review of trade, Mr Price warned Wales has been “hurt the hardest” due to a reliance on exports and smaller companies.

Conservative Gareth Davies was the only speaker to defend Brexit as he challenged the premise of the committees’ report. He flatly rejected the report’s framing, stating the “debate is over” and the task is to “make Brexit work for Wales, not to re-run the arguments of 2016”.
Responding to the debate, Labour’s Rebecca Evans said the Welsh Government was focused on ensuring Wales’ distinct priorities are represented in UK-EU talks.
Wales’ economy secretary welcomed a “new, more positive direction” in EU relations but insisted it remains “vital that the views of devolved nations are heard”.
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