Business
Community share success for popular Pembrokeshire wholefoods shop
THE COMMUNITY share offer for Wholefoods of Newport in Newport, Pembrokeshire has got off to a spectacular start. Over £100,000 towards the £375,000 target has already been raised, and more than 70 individuals and several companies are now shareholders. It is also great news that, although it is possible to become a shareholder with an investment of £100, the average investment currently exceeds the target of £1,000 per person.
“We are delighted with the wonderful progress made so far. We never expected to raise over 25% of our target in just three weeks,” says Anna Brown, a Director of Project Wholefoods, the community benefit society leading the project.
“This is a testament to how much Wholefoods of Newport is loved by the local community and visitors alike, and the huge gap it would leave in Newport’s very special high street if it closed down.”
The current co-owner of the shop, Clare Thomas noted “My mother and I have put our life and soul into making Wholefoods of Newport what it is over the last 11 years, but retirement plans mean that we need to sell it or shut it down in the autumn,” Clare added, “So it is fantastic news that so many people have already invested to safeguard its future as a wholefoods shop through a community purchase. All current staff will keep their jobs if the share offer is successful, and we are excited
by the plans that the Project Wholefoods team have for making it an even better place to shop.”
One of the shareholder Rachel from Moylgrove, Pembrokeshire commented, “Wholefoods of Newport is the centrepiece of the independent shops that make Newport so special,” Rachel added “It provides an outlet for our local growers and bakers as well as stocking basics and more exotic store cupboard ingredients. I invested because I’d like to protect the diverse offering that comes from having shops of all types in our small towns.”
But you don’t have to live locally – or even in the UK – to become a shareholder!
“Although supermarkets and shopping malls have their place, I am a fervent believer that we need to support local businesses, customs and trade whenever and wherever possible, no matter what part of the world we live in,” says Shona from Brisbane, Australia. “This is particularly so in a town like Newport where there is such delight to be gained from wandering down the high street, noodling in and out of the different establishments, and appreciating all that they contribute to the community. When a chance came up to be part of the community purchase of Wholefoods of Newport, I couldn’t resist. Not only will my small contribution help prevent its closure, but I now get the warm glow of knowing I own a teeny, tiny bit of Wales. Now, to work on my Welsh! Rwy’n gobeithio ymweld yn bersonol yn faun.”
Would you like to join the growing number of investors in Wholefoods of Newport? You can become a shareholder or buy a share as a gift from £100. Find out more at ww.projectwholefoods.cymru/english/invest (English/Saesneg) or www.projectwholefoods.cymru/cymraeg/buddsoddi (Cymraeg/Welsh).
Business
New development planned next to Clynderwen rail station
PLANS to site public use storage containers close to a Pembrokeshire village’s railway station have been submitted to county planners.
The application by S Fussell, through agent Gethin Beynon, seeks permission to site the 25 containers on an existing storage yard by Clunderwen railway station.
A supporting statement accompanying the application says: “The application seeks permission to site 25 containers to serve as a storage facility for a public use. The application site is located immediately to the north of the Clunderwen railway line and forms an existing storage and laydown yard.”
It adds: “The containers would all be accessed and open from the north elevation. The container frontage would be fenced off via post and rail fencing for security purposes with parking for 9 vehicles being provided. A turning head to the northwest of the site would be provided to provide accessibility to and from the storage compound. In terms of material finishes the containers would be of a conventional rectangular form and be constructed from steel.”
It says the proposal would “have a positive economic and social impact through employment construction via the development,” with minimal environmental impacts, based on the containers being sited in an existing storage and distribution yard, adding: “In terms of the proposal’s scale design and character, the modular form of the containers being adjacent to the railway line are in keeping with the immediate semi-industrial character of the area.”
The application will be considered by planners at a later date.
Business
Ceredigion sheep shed allowed to stay open as wedding venue
A CALL to allow a sheep shed once owned by Aberystwyth University to remain as a wedding venue, the applicants even having their own wedding there, has been granted by Ceredigion planners.
Dyfrig and Emily Williams, through agent JMS Planning and Development, sought retrospective planning permission for the change of use of the shed at beef and sheep farm Tanygraig Farm House Tanygraig, Llanfarian, some three miles from Aberystwyth.
The building, part of an agricultural holding once owned and operated by Aberystwyth University as a ‘learning farm,’ was partly converted to host weddings in September 2022.
A supporting statement accompanying the application, by JMS Planning, said: “The proposal seeks to formalise the change of use of an existing agricultural outbuilding to a wedding venue and associated works,” adding: “Prior to the applicant’s ownership, the agricultural holding was owned and operated by Aberystwyth University and utilised as a ‘learning farm’, whereby students would attend site and undertake studies.”
After an initial successful one-off use of the shed as their own wedding venue, the applicants pondered with the idea to keep the shed as a wedding venue.
The statement said no major work has been undertaken at the site, retaining the original character of the building, which is expected to host 15 weddings a year.
“The venue has already hosted a few weddings and has developed an excellent reputation, which is supported by the local community and local businesses many of which have benefited from the venue,” the statement said.
“Jobs, wealth and income has been created as a result of the venue, from initial construction works e.g plumbing and electrical works, to those associated with the wedding industry, which will continue moving forward. The proposal would therefore be considered a source of many jobs, including retaining jobs in existing businesses.
“Although the main occupation of the applicants will remain, they will be heavily involved with the preparation, management and promotion of the business.”
Local community council Llanfarian has raised concerns about the retrospective nature of the application, and about access to the main road for wedding traffic.
The scheme has now been granted conditional approval by Ceredigion planning officers, with conditions including restrictions on amplified music.
Business
Demand for Welsh homes surges as market sees fastest growth in three years
THE demand for homes in Wales has risen at the fastest rate since 2021, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. The report reveals a surge in buyer enquiries as more properties enter the market.
In August, a net balance of 50% of survey respondents in Wales reported an increase in new buyer enquiries, marking the highest level of activity seen since May 2021. This uptick in demand coincides with a rise in the number of homes available for sale. A net balance of 57% of Welsh respondents reported an increase in new instructions to sell, a sharp jump from 30% in July.
With both demand and supply on the rise, it is no surprise that sales have also seen an uplift. A net balance of 30% of surveyors in Wales reported an increase in newly agreed sales in August, positioning Wales as the second-highest region in the UK, behind Northern Ireland.
Looking ahead, surveyors remain optimistic about the sales outlook, with a net balance of 12% of Welsh respondents expecting sales to increase over the next three months.
However, house prices in Wales have not followed the same upward trend. Over the last three months, a net balance of -30% of Welsh surveyors reported a fall in home prices, which is lower than the UK average, where prices were reported as flat. Welsh surveyors are also cautious about the near-term price outlook, with a net balance of -22% expecting prices to drop further over the next three months.
In the rental market, demand for lettings continued to rise in August, with 50% of Welsh surveyors reporting an increase in tenant demand. However, the supply of rental properties continued to fall, albeit at a slower rate. A net balance of -17% of respondents noted a decline in rental supply, an improvement from the -33% reported in July. With the imbalance between supply and demand persisting, a net balance of 17% of surveyors expect rents to rise over the coming months.
Anthony Filice, FRICS of Kelvin Francis Ltd. in Cardiff, commented on the sales market, saying: “Appraisals and instructions remain strong. While there are fewer viewers, they are more serious, helped by more favourable mortgage rates. Some sellers with unrealistic pricing expectations are adjusting, leading to sales at lower prices than previously achievable.”
Melfyn Williams, MRICS of Williams & Goodwin The Property People Ltd. in Anglesey, added: “The market is active but not as buoyant as before. Buyers are cautious yet still purchasing, and sellers are concerned but continuing to sell. Activity is down, which is typical for August, but overall, the market remains steady despite seasonal and economic factors.”
In the lettings sector, Paul Lucas, FRICS of R.K. Lucas & Son in Haverfordwest, noted: “Rents continue to rise as the availability of property declines. Many landlords and holiday homeowners are selling due to increased taxation and rental regulation pressures.”
On the wider UK market, RICS Chief Economist Simon Rubinsohn highlighted improved sentiment, noting, “The latest RICS survey shows a lift in buyer interest following a modest fall in mortgage rates, with stock levels also inching up. However, there is still a need for realistic pricing to finalise deals, with uncertainty around future interest rate cuts and the forthcoming Budget keeping market sentiment cautious.”
Rubinsohn added that while affordability remains a challenge in the sales market, it is even more pressing in the lettings sector. “The ongoing reduction in rental stock, as landlords downsize their portfolios, is exacerbating the imbalance in the market.”
As the housing market in Wales continues to evolve, the coming months will determine whether the current surge in demand can sustain momentum amidst broader economic uncertainties.
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