Business
£460m boost helps almost 1,400 Mid and West Wales firms start up and scale up
ALMOST 1,400 businesses in Mid and West Wales have received more than £460 million in support from the Development Bank of Wales since 2017, new figures show.
The milestone forms part of the Bank’s announcement today that it has now invested £1 billion across Wales in equity, debt and property – generating a jobs-based economic return of nearly six times the original investment.
Since it was created by the Welsh Government in 2017, the Development Bank has supported 4,699 businesses through 5,184 separate investments. Across Wales, the funding has helped sustain or create 51,089 jobs and is estimated to have generated £5.8 billion in economic value.
In Mid and West Wales alone, £323.4 million has gone to 1,399 businesses, unlocking a further £143.2 million in private sector co-finance.
Local developments included
Among the local projects backed by the Bank is Mentrus Developments’ Maes y Teirw scheme in Carmarthen. A seven-figure loan helped part-fund the regeneration of a 2.2-acre brownfield site into 21 new homes – including four affordable properties – all fitted with solar panels and air-source heat pumps to maximise energy efficiency.
The Bank has also provided:
- £89 million to 292 tech businesses
- £275 million to property developers, resulting in 2,302 new homes
- £61 million for 787 start-ups
- £138 million across 341 succession deals to keep established firms in Wales
- 30 successful exits, generating £31 million
Welsh Government welcomes milestone
Rebecca Evans, Cabinet Secretary for Economy, Energy and Planning, said:
“It is vital that companies can access finance in order to grow. Since we set up the Development Bank in 2017, it has acted as a social impact investor, supporting entrepreneurship and helping to build a greener economy.
“Reaching the £1 billion milestone makes me proud of the Bank’s role in driving economic development. By securing 50,000 jobs, the Bank shows how targeted investment can open up opportunities and support inclusive communities across Wales.”
First Minister Eluned Morgan added: “The Development Bank is part of the support we offer to companies that want to expand and innovate. Wales is a great place to set up a business or invest in projects, and this is part of the message I will be sharing with global delegates at next month’s Wales International Summit.”
‘Driving ambition across every part of Wales’
Hon. Group Captain Sally Bridgeland, Chair of the Development Bank, said the milestone reflects “the power of sustainable capital”.
“Our investments have supported thousands of businesses at every stage of their growth journey. These results show how long-term, relationship-driven finance can bring ambitions to life and deliver real economic benefits for people, businesses and communities across Wales.”
Chief Executive Giles Thorley said the Bank’s footprint now reaches “every part of Wales”.
“By leveraging £636 million in private co-investment and deploying recyclable funds, we’re building a legacy of resilience for future generations. £1 billion invested in Welsh businesses is £1 billion driving Wales forward.”
Investment breakdown
- 5,184 investments across 4,699 businesses
- Average deal size: £190,000
- Funding mix:
- £564m debt
- £138m equity
- £298m property
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.
Business
Bluestone celebrates King’s Award for Enterprise at official ceremony
Pembrokeshire resort recognised as UK leader in sustainable tourism
BLUESTONE NATIONAL PARK RESORT has formally received The King’s Award for Enterprise in Sustainable Development, marking a major milestone for the Pembrokeshire-based resort.
The prestigious honour — the UK’s highest business award — was presented during an official ceremony at Bluestone’s Serendome by His Majesty’s Lord-Lieutenant of Dyfed, Miss Sara Edwards. It recognises Bluestone as the first holiday resort in the country to receive the award for sustainable development.
During the visit, the Lord-Lieutenant met founder and chief executive William McNamara, director of sustainability Marten Lewis, staff members and invited guests, while also learning more about the resort’s long-term environmental strategy and its relationship with the local community.
The award follows an extensive assessment of Bluestone’s environmental, social and economic performance. Judges highlighted major progress in reducing carbon emissions, the resort’s move to a fossil-fuel-free operation for all purchased energy — a first for a UK holiday park — and its adoption of circular economy principles. Bluestone was also praised for its support for the local economy, its work to protect and enhance wildlife, and an internal culture where sustainability is shared across the organisation. Around thirty per cent of the business is staff-owned.
Speaking at the ceremony, Miss Edwards said: “It was a great pleasure to present Bluestone with The King’s Award for Enterprise and to see first-hand the work they are doing. The team’s passion for sustainability and their commitment to protecting the local area in Pembrokeshire shone through during my visit. Bluestone’s work is having a positive and lasting impact, and they should be extremely proud of what they have achieved.”
The recognition comes at a time when the tourism sector is under increasing pressure to balance growth with environmental protection, as travellers place greater emphasis on sustainable destinations.
Marten Lewis, who has led Bluestone’s sustainability strategy, has been central to developing what the resort describes as its “operational blueprint” — combining environmental protection, community partnerships and local economic support. He has also represented Bluestone nationally and was recently congratulated in person by King Charles III at a reception for King’s Award recipients.
Reflecting on the achievement, Mr Lewis said sustainability was fundamental to the way the resort operates. He added that the award recognised years of collective effort across the business and would act as a powerful incentive to continue pushing standards higher.
Chief executive William McNamara said the award reflected a long-standing commitment to responsible tourism. He said that as travel continues to evolve, businesses have a growing duty to protect the places people come to enjoy, adding that national recognition of Bluestone’s approach was a moment of pride for the entire team.
Formerly known as The Queen’s Awards for Enterprise, the programme was renamed following the accession of King Charles III. Since its launch in 1965, more than 8,000 UK businesses have been recognised for outstanding achievement.
Business
Final wind turbine deliveries completed after months of disruption
Last major component reaches site as Dragon LNG and Dragon Energy thank communities for patience
DRAGON LNG and Dragon Energy have confirmed that the final large component for a new wind turbine project has now been successfully delivered, bringing months of complex abnormal load movements on Pembrokeshire roads to an end.
The companies said the final turbine blade was delivered to the site on Wednesday (Jan 28, 2026), marking the completion of all major component deliveries associated with the project.
In a statement, Dragon LNG and Dragon Energy thanked the local community for its patience and cooperation throughout the delivery programme, acknowledging that the operation caused disruption on local roads.

Residents across parts of the county have previously experienced temporary road closures, traffic delays and police escorts as oversized turbine components were transported from the Port of Milford Haven to the site under tightly controlled conditions.
The abnormal load movements required months of detailed planning and coordination, involving route surveys, traffic management, police support and liaison with local authorities to ensure deliveries were carried out safely and with minimal disruption wherever possible.
The companies also apologised for the inconvenience caused during the delivery phase, saying the support and understanding shown by residents had been “invaluable” in allowing the project to reach this milestone.
A number of organisations were involved in supporting the operation, including Pembrokeshire County Council, Dyfed-Powys Police, haulage specialists Collett & Sons Ltd and Green Light Traffic Management.
Local media outlets, including The Pembrokeshire Herald, provided advance notice and updates during the delivery process to help keep residents informed.
With the final major deliveries now complete, Dragon LNG and Dragon Energy said the project would continue to progress to the next phase of construction on site.
-
Community7 days agoCPRW welcomes long-awaited grid report and calls for more transparency
-
Health7 days agoHywel Dda board to consider refreshed health strategy to 2040
-
Health5 days agoHealth Board to decide on future model for nine clinical services
-
Crime7 days agoHaven Master spared jail after River Cleddau kayak crash
-
News7 days agoMilford Haven School placed in special measures after Estyn inspection
-
Health7 days agoWithybush staff fear crèche fee rise will price parents out
-
Business6 days agoNew planning rules could block Welsh pubs from running pop up campsites
-
News7 days agoIPSO rejects complaint concerning Pembrokeshire Herald court report









