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Young entrepreneur’s jewellery business set for take-off with backing from the Development Bank of Wales

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Maggie Cross

DESIGNER, jeweller and silversmith Maggie Cross is expanding her boutique jewellery business with the help of a microloan from the Development Bank of Wales.

The 29-year old single mum makes minimal but fun jewellery using traditional silversmithing techniques and recycled precious metals from her studio in Cardigan. 

Maggie received a degree in Jewellery Making in 2013 from The School of Jewellery in Birmingham. 

After falling pregnant in her final year of studying, she recently began following her passion of making gorgeous jewellery. 

She began by making pieces and promoting them on her personal Instagram account. In 2020, during the pandemic, Maggie opened her store. 

Now living in Cardigan, Maggie owns an “open studio” where she creates her beautiful pieces. All of her work is available on her store maggiecross.co.uk, however, people are able to visit her studio in the Canolfan Teifi Arcade in Cardigan. 

Maggie creates bespoke jewellery which is ethically made using recycled precious materials. Her  aim is to make her brand as sustainable as possible. At the bench, Maggie uses eco-silver sheet, and the casting company she often works with, also only uses recycled metals. 

She is looking forward to the upcoming release of her smiley signet rings which she has been teasing for a while. 

Alongside creating jewellery, Maggie also offers workshops, in which she will work with you to create your own bespoke wax ring. She also sells ring carving kits on her website that allow you to create your own ring at home. 

Speaking about the grant, Maggie said: “I’m aiming to make my brand as sustainable as possible by only using recycled and environmentally friendly materials. Since completing my degree my time has been spent building up my client base and social media following and the time is now right to expand my offering.

Maggie’s Welsh Dragon charm necklace

“The £5,000 loan from the Development Bank has made all the difference because it means that I’ve now got the working capital to invest in my products. Their support also means that I’ve got the confidence that the business has the potential to take off. I’m very grateful for their help.”

A £5,000 loan from the Development Bank has been used to invest in stock, casting and materials as she prepares to scale-up to meet customer demand. Maggie is also preparing to launch a programme of workshops.

The Development Bank of Wales was set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance needed to start up, strengthen and grow. 

The purpose of the Development Bank is to unlock potential in the economy of Wales by increasing the provision of sustainable, effective finance in the market.

It was established in October 2017 as a foundational organisation for the delivery of public sector financial products, assisting micro to medium-sized businesses in Wales, and increasing the supply of finance.

In total, the Development Bank invested £197.6 million in the 2020/21 financial year.  While the Covid-19 Wales Business Loan Scheme (CWBLS) provided £92 million in loans to help businesses through the pandemic, investments in all of our BAU funds remained stable. 

£105.6 million was provided to businesses in all sectors of the economy and at all stages of development.

Assistant Investment Executive Charlotte Price from the Development Bank of Wales said: “We are pleased to be working with young entrepreneurs like Maggie, recognising that we have an important part to play in the Welsh Government’s commitment to supporting them.

“Maggie has been developing the business for a few years and has already built up a strong following. She is passionate about what she does so we have every confidence that she will make a success of the business.”

The £32.5 million Wales Micro Loan Fund is financed entirely by the Welsh Government. Loans between £1,000 and £50,000 are available for sole traders, small businesses and social enterprises based in Wales.

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Business

Communities get outdoors thanks to grants from broadband provider Ogi

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COMMUNITY groups across south Wales are embracing the outdoors this autumn, thanks to almost five thousand pounds from Ogi – Wales’s leading alternative broadband provider. As part of the latest funding round of its award-winning grant programme ‘Cefnogi’, around 20 groups will benefit from a cash boost, volunteering opportunities and community workshops.

Among those benefiting are a Head Boy and Girl duo from Alaw Primary School in Tonypandy, a community mud kitchen in Maesteg, and a woodland school in west Wales, with activities set to engage thousands of people between now and the end of the year. Launched in 2022, the programme has already given away more than £40,000, supporting hundreds of local groups across over 60 communities – in areas where Ogi is rolling its next generation full fibre network.

Lead by the Community Liaison team, the initiative also offers staff and contractors the opportunity to volunteer, with more than 2,500 hours already donated to local community groups.

Staff across Ogi have helped clear walking paths with Valeways in the Vale of Glamorgan, provided equipment for emerging grassroots sports teams in Torfaen, Rhondda Cynon Taf and Caerphilly and provided defibrillators and first aid training in Pembrokeshire.

The wide-reaching impact of the scheme has seen hundreds of projects funded or offered volunteering hours since it started last year [2022].

On announcing the latest round, Head of Brand and Engagement, Sarah Vining, said: “It’s so exciting to see the Cefnogi programme go from strength-to-strength. Our brand has become synonymous with the community work we play a part in – and that’s something we’re very proud of.

“Supporting everything from local Scots groups to warm spaces, women in business events, garden clearing and arts festivals, the programme is now well and truly embedded in our culture – and staff are queuing up to get involved. “Many of our staff, contractors and supply chain partners live in these towns and villages, and this initiative, bringing small – but no less vital – cash injections is our way of giving back to those that are providing much needed support locally.”

The programme extends to volunteering opportunities and one-off grants and is open four times a year for the likes of grassroots community groups, small charities and town councils to apply. For more information visit www.ogi.wales/cefnogi.

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Business

Conference speakers urge Welsh Government to listen to tourism industry

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TOURISM leaders have called on Welsh Government ministers to listen to the industry when developing policies that will impact businesses.

The call came from Wales Tourism Alliance (WTA) chairman Suzy Davies and Steve Hughson, chairman of both the Mid Wales Regional Tourism Forum and the Event Wales Industry Advisory Group, when speaking at the Mid Wales Tourism Conference.

The sell-out conference, which attracted 120 delegates as well as exhibitors and sponsors, was held at the Metropole Hotel and Spa, Llandrindod Wells. The event was organised by MWT Cymru, an independent organisation representing around 600 tourism and hospitality businesses across Powys, Ceredigion and Southern Snowdonia.

Mid Wales Tourism Conference 2023. Picture by Phil Blagg Photography. PB220-2023

Mrs Davies said the WTA, which represents around 6,000 businesses in all sectors of tourism industry across Wales, was working with others to restore the industry’s relationship with the Welsh Government.

There had been a breakdown in communications stemming from the introduction of the 182-day rule for self-catering accommodation in Wales. Self-catering accommodation that fails to be occupied for 182 days of the year now risks paying much higher council tax.

The WTA has been talking to the Welsh Government about the impact of the 182-day rule, a tourism tax and statutory registration of tourism accommodation, but Mrs Davies said it had not been listening and businesses had lost faith in the consultation processes.

“The current engagement structures don’t work for either the Welsh Government or the tourism industry,” she added. “The industry must be in the room when the Welsh Government shapes and designs policy and we need to be listened to.”

She said there were signs that the Welsh Government was now beginning to listen to the industry’s collective voice, as a review of the 182-day rule had been promised and the tourism tax had been delayed until 2027.

“There is now a much better understanding of what we have been all saying for the past 18 months,” she added. “We must never find ourselves in this position again which is why we have organised a symposium in Newtown in January and we hope the Welsh Government will attend.”

Mr Hughson also stressed the importance of a united tourism industry working closely with the Welsh Government to influence and shape policies to ensure that they work well when introduced.

“We can get the Welsh Government and Visit Wales to change, so long as we work in partnership in a polite, respectful and evidence-based way,” he said. “It has never been more important that we work together.”

Regional tourism forums across Wales had an important role in making Welsh Government ministers in different policy areas aware of the cumulative effect of their policies on the tourism industry, he added.

MWT Cymru chairman Rowland Rees-Evans thanked both Mrs Davies and Mr Hughson for their work on behalf of tourism businesses during a challenging time for the industry.

He referred to four consultation papers issued by the Welsh Government. “They will undoubtedly have a major impact on the industry when the legislation is implemented,” he said.

“We are already starting to see the effect of 182-day rule on self-catering holidays. As it stands at the moment, next year we will also have full business rates to contend with, among other changes.

“MWT Cymru has always tried to look after its members, business partners and community groups with help and support from our great team who try to get ahead of the curve whenever new legislation, rules and regulations are being put in front of us.”

Despites concerns about new legislation, he said there were positive signs that 2024 could be a better year for tourism businesses. Forward bookings were healthier than the same time last year and there was feeling that people, who did not take a holiday in Mid Wales this year due to the cost of living crisis, would return in 2024.

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Business

Local optician shortlisted for national award

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A PEMBROKE DOCK optician has been shortlisted for an award at the Optometry Wales Awards 2023.

Emily Couling, 25, who works at Specsavers Pembroke Dock, is a finalist for the ‘Pre-registration Optometrist of the Year’ award.

The winner of the award will be announced at the awards ceremony this Saturday, 25 November, at Portland House, Cardiff.

Ms Couling, who has been employed at the Diamond Street store since she was 18, says: ‘I had no idea I’d been nominated for an award, so it was such a nice surprise when the finalists were announced. It’s nice to have my colleagues recognise the care and passion I have for the job and our customers.’

Andrew Williams, Specsavers Pembroke Dock director, who nominated Ms Couling for the award, adds: ‘We are so pleased for Emily – she has been a real asset to our team since she first joined seven years ago.’

‘At Specsavers, we’re very passionate about providing our local community with not only the best eye and ear care, but also the best careers. Emily started with us just before she went to university so to see her close to becoming a fully qualified optometrist is very rewarding. We are all incredibly proud of her, and, regardless of whether she wins the award, we know she’ll have a long and successful career.’

Specsavers Pembroke Dock offers a full range of eye health and hearing services, including OCT scans and children’s sight tests. Find out more at www.specsavers.co.uk/pembrokedock.

As part of Specsavers’ mission to make eye health accessible to all, it also offers a Home Visits service to the housebound, with mobile opticians covering more than 90% of the UK.

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