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Welsh Government unveils mortgage support scheme

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THE WELSH GOVERNMENT has announced a new funding package for Welsh homeowners having difficulty paying their mortgage.

Julie James, Wales’s Minister for Housing, unveiled the Help to Stay Wales Mortgage Support Scheme on Tuesday, November 7.

TARGETED SUPPORT

With rising interest rates, energy costs and cost-of-living expenses, many homeowners cannot meet mortgage repayments.

As part of the Co-operation Agreement, the Welsh Government and Plaid Cymru considered introducing Local Authority Mortgages. However, that idea is a non-starter.

Instead, the Help to Stay Wales Scheme formed part of discussions about the mortgage market and how the Welsh Government can provide targeted support.

PREVENTION BETTER THAN CURE

With increased investment, the Welsh Government aims to prevent many individuals and families from entering possession proceedings and becoming homeless, adding to the already stressed waiting lists and high temporary accommodation costs for Local Authorities.

During 2022-23 and 2023-24, the Welsh Government provided more than £3.3 billion of support to help people struggling with the cost of living through targeted programmes which put money back into people’s pockets.

As part of the budget agreement with Plaid Cymru for 2023-24, £40m repayable capital funding has been made available over this year and next year to bring forward schemes to provide flexible financial support.

WORKING ALONGSIDE EXISTING SCHEMES

Help to Stay Wales will work alongside support offered by mortgage providers through the UK Mortgage Charter for customers struggling to afford their mortgage payments.

The Scheme will provide an option for homeowners who are at serious risk of losing their home by offering a partial repayment of an existing mortgage balance via a low-cost equity loan, secured by a second charge (behind first charge lender), reducing revised mortgage repayments to a level the applicant can afford.

The Development Bank of Wales will operate the Scheme and be interest-free for the first five years.

The purpose of the Scheme is to reduce the number of homeowners at risk of repossession and homelessness by offering them time to resolve their underlying financial issues.

UK FINANCE AND LENDERS SUPPORT SCHEME

Julie James MS said: “The current economic climate presents many challenges for homeowners as they face the significant rise in fuel costs, high inflation, escalating rent and house prices with incomes often not keeping pace.

“The aim of the Help to Stay Wales Scheme is to help homeowners to continue living in their precious homes.

“By widening our current mortgage rescue offer, we can help more people at an earlier stage before they face the awful threat of repossession.

“I would like to thank UK Finance and mortgage lenders already supporting the Scheme. I hope more lenders will provide their support over the coming weeks.

“We will continue to do all we can with our powers to protect vulnerable households through this cost-of-living crisis.”

Designated Member Siân Gwenllian said: “The detailed work undertaken through the Co-operation Agreement on the mortgage market has led to the creation of Help to Stay Wales to support people affected by soaring interest rates.

“By utilising the financial institutions and the powers we currently have in Wales, we have created a Made in Wales solution which will provide direct support to those facing the greatest difficulties.

“Despite having limited powers and resources in this area, our hope is that the direct support being provided in Wales will provide an additional safety net.”

AVOIDING THE STRESS OF REPOSSESSION

Chief Executive for Shelter Cymru, Ruth Power, said: “We’ve been campaigning for more support for homeowners struggling with their mortgage repayments.

“We welcome any initiatives that get upstream to prevent homelessness and widen the safety net for households facing a cost of housing and cost-of-living crisis.

“This Scheme will offer eligible households assistance from the early point of arrears accruing rather than waiting until they face the incredible stress of repossession.

“We must now ensure that as many households as possible have the option to use it to stay in their homes, learning from people at risk of homelessness how best such a scheme can help them.

“Anyone at immediate risk of losing their home can contact Shelter Cymru’s helpline on 08000 495 495 for independent advice.”

Mortgage Rescue, which has operated in Wales since 2008, is still available and remains a valuable last resort, but requires people to already be in possession proceedings to qualify for support.

Help to Stay Wales will extend this to include those facing possession proceedings and financial hardship.

CONSERVATIVES PROPOSE

AMBITIOUS ALTERNATIVE

Welsh Conservative Shadow Housing Minister Janet Finch-Saunders MS said: “It is not the role of the Welsh Government to hand out loans to pay off people’s mortgages.

“The UK Government has already secured a wide range of support directly from mortgage providers to support people.

“The Scheme raises several questions, including whether it is being targeted correctly and why social landlords are not being supported to invest in homes threatened with repossession.”

Speaking to The Herald, Janet Finch-Saunders explained: “A social landlord mortgage rescue scheme can work in two ways.

“The first is through a shared equity loan. If a homeowner qualifies, they will be given an equity loan from a housing association, enabling them to keep up with their mortgage payments. The loan is repayable to the housing association but is interest-free.

“The second option is mortgage to rent. If an individual cannot afford to continue owning a share of their property, the housing association could buy the property and rent it back to the individual.

“Whilst the second option would mean that the individual no longer owns their own home, they would still be able to live there, but by renting from a social landlord.

“Individuals would reach out to the relevant local authority/social landlord, so there would be no preying on struggling homeowners”.

Entertainment

Join TV and radio presenter Hester Grainger live at the Torch

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THIS June, the Torch Theatre welcomes ADHD coach, speaker and former Wright Stuff presenter Hester Grainger to the stage with her powerful and uplifting show, ADHD: Unmasked.

Expect an evening of open conversation, laughter, and refreshingly honest insights into life with ADHD. In a supportive and inclusive space, Hester invites everyone—whether living with ADHD, supporting someone who is, or simply curious—to share stories, connect, and feel seen.

A well-known voice in the neurodivergent community, Hester is a regular podcast guest and media contributor. Her appearance on ADHD Chatter with Alex Partridge went viral, with clips from the episode racking up over 22 million views.

ADHD: Unmasked is an interactive, dopamine-filled evening where Hester shares how to embrace a fast-paced mind, practise self-compassion, and tap into the strengths of neurodiversity. She’ll also speak candidly about family life—raising two autistic/ADHD teenagers and living with her autistic/ADHD husband—as well as navigating ADHD in the workplace, friendships, relationships, and late diagnosis.

Audience participation is welcome, with opportunities to ask questions throughout. Whether you’ve received a diagnosis or are just starting your journey, this event offers connection, laughter, and a sense of belonging. You’ll leave feeling empowered, informed—and most importantly—reminded that you are not alone.

Hester began her media career on Channel 5’s The Wright Stuff, going on to work with Loose Women and Today with Des and Mel. She has featured on BBC Radio 2, Radio 4, Radio 5 Live, and hosted her own show on BBC Radio Berkshire.

She has appeared on leading podcasts such as ADHD Chatter, The Hidden 20%, and ADHD Women’s Wellbeing Podcast, and her writing has been published by HuffPost, Evening Standard, Reader’s Digest, and Arabian Business.

Alongside her husband Kelly, Hester co-founded Perfectly Autistic, a neurodiversity consultancy providing training, talks, and coaching to support neurodivergent employees. Both were diagnosed with ADHD in their forties, after Kelly’s earlier autism diagnosis.

Hester says: “I’m so excited to tour the UK talking about ADHD—something I’m truly passionate about. Being diagnosed in my forties finally gave me the answers I’d been searching for my whole life. With growing awareness, so many people have questions and want to understand more. This evening will be fun, entertaining, and honest—and nothing’s off limits.”

ADHD: Unmasked comes to the Torch Theatre on Friday 6 June at 7:30pm.
Tickets: £26
Book online at www.torchtheatre.co.uk or call the Box Office on (01646) 695267.

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News

Pembroke Dock boy walks out with Spurs captain at Stamford Bridge

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AN EIGHT-YEAR-OLD boy from Pembroke Dock had the experience of a lifetime on Thursday night (Apr 4), when he was selected as the official mascot for Tottenham Hotspur in their Premier League clash against Chelsea at Stamford Bridge.

Joey Williams, a pupil at Pembroke Dock Community School, walked out onto the pitch hand-in-hand with Spurs’ team captain, Son Heung-min, in front of a packed stadium and millions of viewers watching around the world.

The once-in-a-lifetime opportunity was part of Tottenham Hotspur’s official mascot programme. Joey, who recently turned eight, travelled to London with his family to take part in the unforgettable event.

His proud mum, KatieJane Solomon, told The Herald: “My son lives in Pembroke Dock and was chosen to be mascot for the Chelsea vs Tottenham game tonight. He walked out with Son Heung-min!”

“He’s a very big Spurs fan so we signed him up to be a member on there website about a year ago and he was very lucky selected at random last month.”

The Premier League clash ended in high drama, but for Joey, the biggest highlight was walking out alongside his football heroes.

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News

Trump’s tariffs threaten Welsh exports as luxury carmakers face uncertain future

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Aston Martin and TVR among firms at risk from new US automotive import tax

WELSH exporters have been dealt a major blow after former US President Donald Trump announced sweeping new tariffs on UK goods, including a 25% tariff on all automotive imports into the United States, sparking concern across Wales’ high-value manufacturing sector.

The announcement, made on April 2, also includes a 10% baseline tariff on all UK imports into the US, taking effect from April 5. These new charges come on top of previously announced 25% tariffs on steel, aluminium and automotive parts, with only a limited number of product exemptions such as pharmaceuticals and semiconductors.

The United States is Wales’ second largest export market, accounting for 13.5% of total goods exports. In 2024, Welsh goods trade with the US was valued at £6.4bn, with £2.2bn in exports and £4.2bn in imports. Of the 3,188 Welsh firms that exported goods globally in 2024, over a third (33.4%) exported to the US.

While Welsh exports span sectors from steel to technology, some of the hardest-hit businesses could be those involved in high-end automotive manufacturing—a sector that Wales has been nurturing in recent years.

Luxury carmakers in the firing line

Aston Martin’s factory in St Athan, Vale of Glamorgan, opened in 2020 to manufacture the DBX luxury SUV, has been a flagship project for Welsh industry. With many of these vehicles aimed at wealthy international buyers, particularly in the US, a 25% tariff could significantly hinder their competitiveness abroad.

Similarly, TVR’s long-awaited revival, with plans to produce its new Griffith sports car in Ebbw Vale, is expected to rely heavily on overseas sales, including to American car enthusiasts. Any additional import taxes on these cars could make them prohibitively expensive in the US market—potentially delaying investment and job creation in the Welsh factory.

Both brands represent the premium end of British automotive design and were supported by the Welsh Government as part of a strategy to attract advanced manufacturing jobs.

Welsh Government: “Far-reaching impacts”

Reacting to the announcement, Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning, expressed “deep concern” about the likely effects of the tariffs.

“Whilst it is a small relief to see that the tariffs applied to UK imports are lower than those imposed on the EU, a 10% tariff represents a significant rise for most products,” she said.

“These changes will affect almost all of our businesses that export to the US.”

Evans said the Welsh Government remains in close contact with Westminster and is working with business and industry leaders to assess the fallout. Support will be available through existing business support programmes, and regular updates will be provided as the full impact becomes clearer.

Could there be an upside for UK consumers?

Amid the gloom, some experts suggest UK consumers might see short-term benefits, especially in the used car market.

Aidan Rushby, CEO of car finance company Carmoola, said the tariffs could create a glut of nearly-new and unsold stock that ends up staying in the UK.

“If British manufacturers struggle to sell into the US, we could see more cars redirected to the domestic market, which may mean better deals for UK consumers,” he said.

“An economic wobble caused by global trade tensions could also push used car prices lower as demand softens. That’s good news for buyers, but for current car owners, it could mean faster depreciation.”

Rushby added that it’s more important than ever for buyers to stay informed and work with responsible lenders.

Renewable energy sector raises alarm

It’s not just manufacturing that could suffer. Jane Cooper, Deputy Chief Executive of RenewableUK, warned that the broader fallout from tariffs and trade disputes could stifle green innovation and investment.

“These tariffs, combined with the US Government’s recent moves to halt offshore wind development, will mean UK and American companies will miss out on opportunities to trade, invest and collaborate in clean technology,” she said.

While trade in renewable goods between the UK and US is limited, Cooper said many UK-based manufacturers operate across Europe, and the disruption to supply chains could be significant.

Business leaders urged to prepare

The Institute of Directors (IoD) North Wales hosted a key event last week in Bangor, where industry experts briefed Welsh businesses on how best to navigate the evolving trade landscape.

David Roberts, Chair of North Wales IoD, said: “From global trade concerns such as Trump’s tariffs, to local investment opportunities in Flintshire and Wrexham, it’s vital that Welsh firms stay informed and resilient.”

Despite reassurances, there are no current plans for the UK to retaliate. The UK Government is seeking a negotiated solution with the US and has opened a consultation to assess the impact on British businesses.

For now, Welsh exporters—and especially those in automotive and high-tech sectors—face a turbulent road ahead.

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