Business

Solva village pub Cambrian Inn on the market for £1.25m

Published

5 months ago

September 1, 2021

THE CAMBIAN INN, a beautifully presented 16 century inn with letting rooms, located in the extremely popular harbour village of Solva, Pembrokeshire has gone on the market. Christie & Co have been instructed to market the property.

The Cambrian Inn is a thriving and highly profitable inn which enjoys a prime location on the main road leading into Solva. The village, which is nestled in the Pembrokeshire National Park a few miles from St David’s, boasts a picturesque harbour, bustling quay, and a charming high street, with an array of craft shops, cafés and art galleries.

The area is a tourist hotspot which attracts visitors year-round thanks to its Blue Flag beaches, sublime walking tracks along the Pembrokeshire National Coast Path, stunning views, and wide range of water-based activities such as sailing, sea angling and rowing.

The family-owned inn has been operated by Jeremy Barton and his family since 2012 and has long been renowned as a popular destination pub due to its summer terrace, high-quality food and beverage offering and welcoming atmosphere. The inn also features five stylish en suite letting bedrooms across the first and second floors, making it an ideal base to explore the surrounding area.

The family has decided to bring the inn to market as they are now seeking a lifestyle change.

Jeremy comments, “A decade ago, when my wife and I were looking to settle back in the UK after being abroad for 15 years, Pembrokeshire was the obvious choice with its stunning scenery, beaches and space. We were lucky enough to find The Cambrian Inn in Solva, a popular and very pretty harbour village. It was under traded and needed work but we, together with the help of a great team, have taken it from a sleepy village pub to a popular destination pub-restaurant with rooms. The business is thriving and there is clearly more potential but we both have other business interests out of the hospitality sector and feel we can’t give The Cambrian Inn the attention it deserves going forward, so it feels like the right time for new owners to take it on and fully capitalise on a booming market.”

The sale of The Cambrian Inn presents a rare opportunity to acquire a substantial and reputable destination pub in a popular tourist location, with scope to expand the building and business.

Marc Blackford, Associate Director in Christie & Co’s Hospitality team, who is handling the sale, comments, “With coastal areas in high demand and the surge in staycations likely to continue over the next few years, this is a fantastic opportunity to acquire an established freehold business in one of Wales’ most desirable spots.”

Cambrian Inn is available on a freehold basis with a guide price of £1,250,000.

Business

Local organisations urged to take advantage of ‘Transforming Towns’ fund

Published

16 mins ago

January 23, 2022

Thomas Sinclair

Town centre property owners in Pembrokeshire interested in improving their buildings and/or sites are being urged to apply for funds available from Welsh Government.

The Transforming Towns ‘Place Making’ grant offers support for a wide range of projects, from green infrastructure developments to internal and external commercial and residential improvements, with the aim of reducing the number of empty, underused sites and premises in town centres.

The scheme is open to private businesses, including developers, third sector businesses, and the public sector. It is not available to private individuals. It is available within the town centre areas of:

Fishguard and Goodwick
Milford Haven
Pembroke
Pembroke Dock
Tenby
Haverfordwest

Also available is the Transforming Towns ‘Town Centre Loan Fund’.

Owners can apply for secured loans, for a maximum term of five years, for projects that meet core eligibility criteria. Loans are interest-free, but subject to a one-off administration fee to cover costs associated with administering the scheme.

The fund aims to reduce the number of empty sites and properties. Applicants can include town centre businesses, private landlords, social housing associations and property developers.

Once the loan is repaid, the local authority can use it again to fund new loans and re-invest in similar projects. It must be re-invested three times over 15 years.

Town Centre loans and grants are administered by Pembrokeshire County Council.

Rachel Moxey, Head of Economic Development and Regeneration, urged all those eligible to receive the funds to consider submitting an application. “Town centres are facing major challenges in light of Covid-19 and these funds from Welsh Government are a fantastic opportunity for businesses and organisations to improve, regenerate and develop their buildings or sites,” she said.

For further information, including eligibility criteria and how to apply, please email: town.grants@pembrokeshire.gov.uk

Business

Applications for Covid-19 emergency business fund open

Published

5 days ago

January 18, 2022

Andy Chandler

A ROUND of Covid-19 support for businesses and sole traders that do not pay rates is now open for applications.

The discretionary Emergency Business Fund is part of a £120m package of support announced by the Welsh Government following the move to Alert Level 2.

The fund is to support businesses in the hospitality, tourism, retail, leisure sector or related supply chain businesses, including creative freelancers and taxi drivers.

More information about the fund and the application process can be found on the Pembrokeshire County Council website at: https://www.pembrokeshire.gov.uk/business-advice-and-support/emergency-business-fund-january-2022

Applications will close at 5pm on, February 14 2022. Businesses are asked to complete the application form carefully.

There are two grants available:

• Grant A:
A £1,000 cash grant payment for hospitality, tourism, retail and related supply chain businesses which do not employ anyone apart from the owner, and do not have a property. This includes qualifying sole traders, freelancers and taxi drivers.

• Grant B:
A £2,000 cash grant payment for hospitality, tourism, retail, leisure and related supply chain businesses who employ staff through PAYE (in addition to the owner).

Supply chain businesses are defined as a business that generates 60% or more of its sales revenue from businesses directly impacted by the restrictions.

The funding is intended to cover the business impact from the December 13 2021 to the February 14 2022.

The Pembrokeshire County Council’s business support pages are at: https://www.pembrokeshire.gov.uk/business-advice-and-support

On the business support pages you will also find details of the NDR linked grant (which opened last week) and how to apply.

Business

Applications open for emergency financial support from Economic Resilience Fund

Published

5 days ago

January 18, 2022

Cerys Lafferty

Eligible businesses can apply for grants of between £2,500 to £25,000

BUSINESSES in Wales impacted by the rapid spread of the Omicron virus can now apply for emergency financial support from the Welsh Government’s Economic Resilience Fund (ERF).

Economy Minister Vaughan Gething previously said £120 million would be available for retail, hospitality, leisure and tourism business and their supply chains affected by the move to alert level 2 announced by the First Minister on Wednesday 22 December.

Eligible businesses can apply for grants of between £2,500 to £25,000, with grants dependent on their size and number of employees.

The application window will be open for two weeks, with payments starting to reach businesses within days.

Economy Minister, Vaughan Gething, said:

“Following positive engagement with businesses, trades unions and other partners, we recently changed the eligibility criteria for the ERF support. The ERF grant is a Wales-only top up payment that currently supports eligible businesses who have seen a 60% drop in their income between December and February compared with the same period two years ago. The new criteria means that businesses in these sectors who have seen a 50% reduction in their turnover will now also be able to access the ERF.

“This means more businesses will receive more support from the Welsh Government.”

Non-essential retail, hospitality, leisure and tourism businesses in Wales can also receive support from the Non Domestic Rates (NDR) linked grant which is being administered by local authorities. Businesses will be entitled to a payment of £2,000, £4,000 or £6,000 depending on their rateable value.

Local authorities are also administrating a discretionary fund for sole traders, freelancers and taxi drivers and businesses that employ people but do not pay business rates. Last week this was doubled to £1,000.

The Welsh Government has provided in excess of £2.5bn funding to Welsh businesses since the start of the pandemic. Focused particularly on backing small businesses and Welsh communities, it’s targeted approach has helped protect in excess of 160,000 Welsh jobs which might otherwise have been lost.

Apply for Economic Resilience Fund support here:

COVID-19 Support for Business | Business Wales (gov.wales)