Business
Funding package to help West Wales Bacon Supplies


Bringing home the bacon: Kim and Chris Isaac with Finance Wales executive Tony Dowrick
HUSBAND AND WIFE, Chris and Kim Isaac have bought into an established meat packaging and distribution company based in Cross Hands. The Isaacs have bought West Wales Bacon Supplies from its former owner, funding the purchase using their own savings and a six figure loan from Finance Wales. Former owner and local businessman, John Davies set up the company 28 years ago and today its loyal team of 10 supplies around 250 local customers throughout South and West Wales.
Now, having taken over at the company, new Managing Director Chris Isaac is excited about moving the business forward: “Kim and I have always wanted to run our own business and taking on a wellestablished business like West Wales Bacon Supplies is the right option for us. It’s known for its high-quality products and the personal service of its loyal staff and we’re keen to build on what John and his team have achieved.
“With my logistics background, I’m confident we can improve our customer services and generate savings by improving our distribution. We’ll then be able to plough these savings into expanding our premium range. Finance Wales’ funding and local support has meant a smooth transition for the company and its employees and allowed us to fulfil a life-long ambition,” Chris explained. Established in 1986, West Wales Bacon Supplies slices, weighs and vacuum-packs bacon and cooked meats, supplying cafes, hotels, pubs and shops across South and West Wales.
The company’s fleet of delivery vans are a familiar sight on local roads and its customers value the service it provides as well as the range and quality of meat products it supplies. Mr and Mrs Isaac were alerted to the opportunity to buy the company soon after Mr Davies put the business up for sale earlier this year following his decision to retire.
After deciding to take the business on the couple approached Finance Wales who help Welsh businesses secure succession funding. Tony Dowrick, an Investment Executive based at Finance Wales’ local office in Dafen structured the succession investment. Tony said: “Finding new owners for West Wales Bacon Supplies was crucial as it’s an established local business employing 10 staff with a loyal customer base in a close-knit community. Chris and Kim wanted to run their own business, but starting up a business wasn’t the right fit for them.
“Finance Wales’ loan has helped an aspiring couple achieve a long-held ambition while also safeguarding 10 jobs and protecting existing local supplier relationships. The Isaacs have the drive to breathe new life into the business and take it to new heights.” Since taking over the company at the end of Septmeber the couple have already achieved a 10% rise in profits for October and November and are now looking forward to a potential recruitment drive planned for early this year.
West Wales Bacon Supplies is one of Finance Wales’ latest succession investments. It has invested over £29 million to enable ambitious management teams to take over at 94 established Welsh companies and these businesses have created and safeguarded over 1,100 jobs in Wales. Chris Griffiths, New Investments Fund Manager at Finance Wales specialises in succession investments and he believes that acquiring an established business is an attractive option: “Finance Wales is eager to back more management buy-ins and buy-outs of established Welsh SMEs.
They’re important to the future prosperity of the Welsh economy but many Welsh managers are often unaware of the funding options open to them to help them own their own business. We can tailor our funding to suit individual managers’ and management teams’ needs. Finance Wales’ investment in West Wales Bacon Supplies came from the £40 million
Business
Calls for urgent sale of Oakwood site amid trespasser fears

CONCERNS have been raised about trespassers entering the closed Oakwood theme park, prompting calls for a swift sale of the site.
The once-popular attraction near Narberth has become a hotspot for urban explorers and thrill-seekers, with social media videos emerging of people wandering around the abandoned rides and infrastructure.
Since Oakwood shut its gates last month, following a decision by Spanish owners Aspro Parks to cease operations due to falling visitor numbers, locals have raised concerns about safety and the risk of vandalism.
Sam Kurtz MS, who represents Carmarthen West and South Pembrokeshire, said a speedy sale was now vital to prevent further deterioration and potential criminal activity.
“The longer it remains empty, the greater the risk of problems – from trespassing to the site falling into disrepair,” said Mr Kurtz. “There’s also a real risk to health and safety if people are entering unsupervised.”
Mr Kurtz called on Aspro to actively work with the Welsh Government, local businesses, and other stakeholders to secure a new future for the site.
“This is a valuable asset,” he said. “There’s been a lot of interest from businesses already, and I urge Aspro to engage with us so we can get the ball rolling.”
Dyfed-Powys Police confirmed they have received multiple reports of trespassing and possible criminal offences at the site since its closure.
The BBC have reported that Economics expert Professor Calvin Jones, of Cardiff University, was less optimistic about Oakwood’s chances of reopening as a theme park.
“If the existing operator – who’s invested tens of millions – can’t make it viable, it’s unlikely a new operator would be able to,” he said.
Instead, Prof Jones suggested the land might lend itself better to other recreational activities, such as adventure tourism, mountain biking, or zipline attractions, depending on what planning authorities allow.
“Ultimately, the future use of the site will come down to planning permission,” he said. “It may become something entirely different.”
Bluestone National Park Resort, which neighbours Oakwood and employs around 700 people, declined to comment on whether it would consider buying the land. Prof Jones noted that Bluestone has historically expanded cautiously and would likely only consider purchasing the site if the price was low.
The Welsh Government said that it “continues to engage” with Aspro Parks and recognised the former theme park’s importance to the local economy.
A spokesperson said: “We are hopeful a buyer will come forward to ensure this site can continue contributing to tourism in the area.”
Pembrokeshire County Council has confirmed it has not yet held any discussions with Aspro.
Business
Pubs to stay open late for VE Day 80th anniversary

Extended hours to help nation mark milestone in Second World War history
PUBS across England and Wales will be allowed to serve until 1:00am to mark the 80th anniversary of Victory in Europe (VE) Day, the Prime Minister has announced.
The extension applies to the evening of Wednesday, May 8, allowing revellers to continue their celebrations into the early hours of Thursday, May 9.
A series of national events are planned to commemorate the end of the Second World War in Europe, including a military parade through central London, an RAF flypast, and the lighting of more than 2,500 beacons across the UK.
Late opening hours for pubs have previously been granted during major national occasions, including Queen Elizabeth II’s Platinum Jubilee and England’s matches during the Euro 2024 semi-finals and final.
Speaking ahead of the anniversary, Prime Minister Keir Starmer said: “As we mark the 80th anniversary of VE Day, the whole country should come together to remember the incredible sacrifices made by the wartime generation and to celebrate the peace and freedom they secured for us all.
“Keeping our pubs open for longer will give people the opportunity to join in celebrations and raise a glass to all of the men and women who served their country, both overseas and at home.”
The commemorations will begin on Monday, May 5, with Union Flags flying at the Cenotaph in London. A military procession will march from Whitehall to Buckingham Palace, followed by an aerial display by the Royal Air Force. On May 8, the BBC will broadcast a celebratory event live from Horse Guards Parade.
Michael Kill, chief executive of the Night Time Industries Association, welcomed the decision. He said: “At such a challenging time for the hospitality sector, allowing businesses to extend their trading hours during these celebrations offers a much-needed boost while paying tribute to our shared history.”
Business
Greenlink energy link goes live, connecting Pembrokeshire to Ireland

Interconnector brings power boost and green energy potential to Wales and Ireland
A MAJOR new electricity interconnector linking Pembrokeshire and Ireland has gone live, with power now flowing between the two countries for the first time via the Greenlink project.
The 504-megawatt (MW) Greenlink Interconnector connects National Grid’s 400kV substation at Pembroke with EirGrid’s Great Island substation in County Wexford. The link spans 200km, including 160km of high-voltage direct current (HVDC) cable laid beneath the Irish Sea.
The interconnector is expected to improve energy security, increase grid resilience, and support the growth of renewable energy by allowing surplus electricity to be shared between Wales and Ireland.
Greenlink is one of the first privately funded energy infrastructure projects of its kind in Europe. It is owned by Greenlink Interconnector Limited and operated by EirGrid.
At the Welsh end of the link, National Grid carried out a series of upgrades to its Pembroke substation, including the installation of a new gas-insulated switchgear bay inside the existing air-insulated facility. The hybrid solution was designed to be space- and cost-efficient, and it uses a greener insulating gas instead of sulphur hexafluoride (SF6), in line with National Grid’s target to halve SF6 emissions by 2030.
James O’Reilly, CEO of Greenlink Interconnector Limited, described the go-live as a “significant milestone.”
He said: “This is one of the first privately developed and funded energy projects between the UK and Ireland. By enabling the transfer of green energy across borders, Greenlink strengthens energy security, enhances sustainability, and fosters greater connectivity with the wider European market.”
John Twomey, Director of Customer Connections at National Grid, said connecting Greenlink to the network at Pembroke allows both countries to “benefit from that boost in capacity and resilience.”
He said: “As demands on our electricity grids evolve, interconnectors provide immense value by strengthening the security of electricity supplies and improving our collective ability to exploit renewable power produced across borders.”
The converter stations at each end of the interconnector transform electricity between direct current (DC) and alternating current (AC) for use on the respective national grids.
Michael Kelly, interim Chief Operations and Asset Management Officer at EirGrid, said the project was “a vital step forward in strengthening our shared commitment to energy resilience and security.”
He added: “EirGrid is leading the transition to a low carbon future by making Ireland’s grid renewable ready. This latest connection was made possible through collaboration with our UK colleagues and the Greenlink team.”
The interconnector is now fully operational, with electricity flowing across the Irish Sea in both directions.
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