Business
Majority of developers in Wales find sourcing funding challenging

MORE than a quarter (26%) property developers in Wales have been turned down for finance on all occasions
92% of developers say that finding finance was particularly challenging when starting their business1
93% of developers said that specialist lenders offer better support.
Property developers in Wales have pointed to funding as their key concern according to new research from Shawbrook. Over nine-in-ten (92%) of developers said that finding funding was the most complicated aspect of their business, while 93% stated that there are limited funding options for developers.
Significant numbers of developers have been rejected from accessing funding, with over a quarter (26%) having been rejected by a mainstream lender on all occasions.
The conception of a business appears to be the hardest stage to secure funding, with 92% of developers stating that it was particularly difficult to find funding when they were starting their business. On top of this, a similar number (90%) felt that it was harder to secure funding for a smaller business.
However, the vast majority (93%) of developers agree that no matter the size, sourcing funding is the hardest part of running their business, while 92% agree that funding expertise is difficult to source.
Fortunately, specialist funding is available for developers struggling to access funding for their projects, and over 93% said that specialist lenders offer better support to developers.
Terry Woodley, Head of Development Finance at Shawbrook comments: “Housebuilding is a key issue on the political agenda, but developers need support to understand the funding landscape and access the funding levels they need so that these much-needed projects can get off the ground.
“These developers that have struggled in the early stages of their business have gone on to build significant businesses, yet it’s clear funding is still a real barrier for entry, and early stage growth. There is funding available, and working with a specialist lender can help with structuring developers’ funding needs to surface that liquidity. If the gap is not addressed, promises to boost housing numbers will be very difficult to achieve.”
Business
Former Haverfordwest chapel school building could be turned into flats

PLANS to convert the Sunday School building of Haverfordwest’s former Wesleyan Chapel, once the site of a regular place for preaching by John Wesley himself, to six flats have been lodged with Pembrokeshire County Council.
An application to council planners, which has no clear details about the applicant, listing Vitaly + Partners ltd as either the applicant or the agent, seeks the conversion of the Chapel Lane building.
Accompanying documents say Haverfordwest was a regular place of preaching for John Wesley, the founding father of Methodism, first visiting in 1763, with the first chapel built in 1772. By 1781 there were 60 members in the town, the largest congregation in the Pembrokeshire Circuit.
The chapel was rebuilt in 1818 and enlarged in 1835; the adjoining schoolroom built in 1874, with further chapel works in 1880-1.
The chapel closed in 1985 and the interior was stripped for use as an antiques showroom.
A heritage statement accompanying the application says: “The works on internal alternations of former school building started in 2014 after planning permission was approved. Then other records show that works has re-started in 2020. There are previous building inspector assessment notes available for more details. Since there has been numerous of owners and works started again in 2024.”
It adds: “The main factor to support proposed development is in fact it was approved few times in the past. The works already began, and the original layout and external elements are already altered.
“The building was abandoned and not maintained in any way. It did not look pretty and had a negative impact on the residents of the town. The building has had its original use adopted numerous of times to suit the needs of the particular time period and serve the town accordingly.
“The maintenance work to the building has already shown how much cleaner and more beautiful the building appearance became and it has had good impact on the residents who shared their views on social media talking positively about the renovation works on the building.”
The application will be considered by county planners at a later date.
Business
Halfords offering interviews to all staff affected by ATS closures in Wales

HALFORDS extended an offer of interviews to all members of staff affected by the closure of the ATS Euromaster branches in Brecon, Pontypridd and Llanelli
This follows ATS Euromaster’s recent announcement that 86 of its service centres are set to close.
With 639 garages nationwide, including branches in these affected towns, Halfords is one of the UK’s largest employers of automotive technicians. The company services, maintains, and repairs vehicles for 1,400,000 customers annually.
The UK is currently experiencing a shortage of qualified automotive technicians, with the Institute of the Motor Industry (IMI) estimating 20,000 vacancies in the sector.
Halfords remains committed to creating rewarding career pathways, offering opportunities for qualified technicians looking to develop new skills—such as EV servicing—as well as young people entering the industry through apprenticeships.
In addition to supporting ATS employees, Halfords is also stepping in to help customers affected by the closures, ensuring they continue to have access to trusted and competitive automotive services.
Support for ATS customers
To assist those whose bookings are impacted by ATS branch closures, Halfords garages will prioritise MOT and other service bookings originally made with ATS wherever possible, helping customers avoid delays and ensuring their vehicles remain roadworthy.
“We are pleased to be working in partnership with ATS to explore employment opportunities for affected colleagues, while also ensuring that motorists in this part of Wales continue to have access to competitive, convenient, and trusted automotive services,” said Chris Rose, Halfords. Divisional Director
Business
Fishermen upset financial impact of Castlemartin Range closures for 2025

COMMERCIAL fishermen and sea users have voiced their anger over the latest military range activity schedule for Castlemartin Range in 2025, which will see significant restrictions on access to coastal waters.
The schedule, released by the Defence Infrastructure Organisation (DIO), confirms that military exercises will take place across June, October, and November, with extended firing times drastically limiting the ability of commercial and recreational vessels to navigate the affected sea areas.
According to Huw Baker, Chair of the Freshwater East Boatmen & Fishermen’s Association, the closures will have a devastating financial impact on local inshore fishermen who rely on these waters for their livelihoods.
Mr Baker said: “None of the fishers have been contacted about these increased range activities or the sea area closures. There has been no consultation to discuss alternative access routes that would allow us to continue earning a living. The military has effectively blocked off access during prime fishing months, leaving fishermen struggling to stay financially afloat.”
Under the new schedule, the sea areas off Castlemartin will only be accessible during limited hours—between 3:00am and 8:00am, and again between 6:00pm and 8:00pm—making it near impossible for many commercial fishers to operate efficiently.
“This decision comes at a time when the cost of living is hitting everyone hard,” Mr Baker added. “With weather and tides already limiting access, these additional restrictions from Castlemartin and Manorbier firing ranges mean we’re left with barely any opportunities to work.”
Mr Baker is calling for an urgent meeting with range management to discuss the concerns of the fishing community and explore potential compromises that would allow local businesses to continue operating.
The Herald has contacted the Ministry of Defence for comment.
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