Business
New trade strategy promises billions in export support and faster deals for UK businesses
Welsh exporters among those set to benefit as government outlines post-Brexit plan to boost trade
THE UK GOVERNMENT will unveil its first Trade Strategy since leaving the EU on Thursday (June 26), setting out a new approach that aims to unlock £5 billion in opportunities for British businesses and expand UK Export Finance (UKEF) capacity to £80 billion.
The strategy promises faster, more targeted trade deals, a tougher defence system against unfair practices, and a renewed focus on services and high-growth sectors. It marks a shift from broad, slower agreements to a more agile model designed to deliver quicker wins for exporters.
Support for smaller businesses and Welsh firms
A new Small Exports Builder scheme will improve access to export insurance and finance for SMEs, while UKEF’s increased lending capacity will provide up to £13 billion in direct support for key industries. The strategy also includes measures to streamline repeat orders from overseas buyers—critical for Welsh firms with existing international clients.
Secretary of State for Wales, Jo Stevens, said: “We are focusing on sector-specific deals that will help Welsh businesses expand into new markets with confidence. This is a vital step in raising living standards across Wales and delivering on our Plan for Change.”
Boost for services and green sectors
The UK—already the world’s second-largest exporter of services—will pursue mutual recognition of qualifications and digital trade reforms to expand this strength. It will also deepen green energy cooperation with countries like Japan, South Korea and Norway, while exploring new markets such as Brazil and the Philippines.
Tougher trade defence and global engagement
To protect British industries, the strategy pledges to make the UK’s trade remedies system more agile and accountable. The government will also replace the current steel safeguard measure, due to expire in 2026, with a new framework developed in collaboration with industry and unions.
Business and Trade Secretary Jonathan Reynolds said: “We’re sharpening our trade defence and pursuing deals that focus on sectors driving the most growth. This is trade policy fit for the real world.”
Backing from industry leaders
Business groups have welcomed the strategy. Shevaun Haviland, Director General of the British Chambers of Commerce, called it “a clear, evidence-based approach” and said it could “generate economic growth in every region of the UK.”
Mike Hawes, CEO of the Society of Motor Manufacturers and Traders (SMMT), added: “Balanced trading relationships that break down tariffs and barriers will help us get British vehicles into global markets, boosting jobs and prosperity.”
Building on recent deals
The Trade Strategy follows recent agreements with India, the United States, and the EU. The India deal alone is expected to add £4.8 billion to the UK economy and includes significant tariff reductions. The US agreement—the only one it has signed under the current administration—safeguards jobs in manufacturing sectors including automotive and aerospace. Meanwhile, the EU accord eases access for food and pet travel, removing some Brexit-era blockages.
Prime Minister Keir Starmer said: “What works for business works for Britain. This strategy is about helping firms sell more, grow faster, and compete globally. It’s a cornerstone of our Plan for Change—ensuring working people feel the benefits.”
The strategy is published alongside the Global Trade Outlook 2025, which explores the trends shaping the future of international trade.
Business
Herald expands sales team as Milford Haven growth drives demand
THE PEMBROKEHIRE HERALD is launching a recruitment drive to bring in two new sales executives as the newspaper continues to grow its commercial operations across the county.
The move comes as the Herald strengthens its position as the leading independent news platform in West Wales, with increasing demand from local businesses looking to advertise both in print and online.
The expansion is being driven in part by the rapid growth of Milford Haven and the wider energy sector, with major investment in green energy projects, port activity and associated industries creating new opportunities for local businesses.
As the area continues to develop as a key energy hub, more companies are seeking to reach customers, partners and the wider community through trusted local media.
The successful candidates will work directly with Pembrokeshire businesses, helping them promote their services to a growing audience through the Herald’s expanding digital reach and established print readership.
Editor Tom Sinclair said the recruitment reflects both the changing local economy and the Herald’s increasing audience.
He said: “Milford Haven is expanding rapidly, particularly with new energy and green projects coming forward, and that’s creating real opportunities for local businesses.
“At the same time, our audience continues to grow across both our website and social media platforms, meaning we can now offer advertisers a much bigger and more effective platform than ever before.”
The new roles will focus on building relationships with local firms, developing advertising campaigns, and identifying new opportunities across sectors including tourism, retail, trades, energy and professional services.
The Herald has continued to invest in its digital platforms, including Herald.Wales, alongside its well-established print edition, offering advertisers a multi-platform approach to reaching customers.
The recruitment drive also comes at a time when many local businesses are looking for cost-effective ways to promote themselves amid ongoing economic pressures.
Mr Sinclair added: “Local advertising matters. When businesses advertise locally, that money stays in the local economy. It helps create jobs, supports families and helps communities grow alongside the businesses within them.”
The roles are expected to appeal to motivated, target-driven individuals with strong communication skills and an interest in media, sales or marketing.
Both positions are based in Pembrokeshire, with opportunities for training and career progression within the Herald’s growing media group.
Anyone interested in applying is encouraged to email [email protected] with a CV and covering letter before Tuesday (Apr 1, 2026).
Business
Jobs fall in Pembrokeshire as payroll numbers drop over past year
Employment down by 124 year-on-year with further monthly decline recorded in February
EMPLOYMENT in Pembrokeshire has fallen over the past year, with new figures showing a drop of 124 jobs compared with the same period in 2025.
Data for February 2026 reveals that 47,801 people were on payroll across the county, representing a 0.3% decrease year-on-year.
The latest monthly figures also show continued pressure on local businesses, with payroll numbers falling by 82 compared to January — a 0.2% drop.
The data, based on analysis of Office for National Statistics payroll figures by employment app WageSight, paints a mixed picture for the county’s labour market.
Compared with other Welsh local authorities, Pembrokeshire ranks 12th out of 22 for employment change, placing it in the lower half of performers.
The Herald understands that while some parts of Wales have seen modest job growth, others — including Pembrokeshire — continue to experience a squeeze on employment levels.
Paul Hebden, Director at WageSight said: “The latest figures underline the continued pressure on employment in Pembrokeshire. Payroll remains down compared with last year, and recent month-on-month data suggests employers are still cutting back.”
Nationally, employment trends remain uncertain, with fluctuations across different regions and sectors creating an unpredictable backdrop for businesses.
It remains unclear whether the recent decline marks the beginning of a longer-term trend or simply a short-term dip, but the figures suggest that employers in Pembrokeshire are continuing to act cautiously in the current economic climate.
Business
Haverfordwest cinema one of six council properties for sale
SIX COUNCIL-owned properties in Pembrokeshire, including Haverfordwest’s Palace Cinema, a boatyard, and a former social services premises in Tenby, are to be put up for sale following a decision by senior councillors.
At the March 16 meeting of Pembrokeshire County Council’s Cabinet, members were asked to back the disposal of six properties in the county’s portfolio as well the earmarking of four properties for other purposes.
A report for members said: “The Property Department has recently undertaken a review of the council’s estate to identify underused or vacant properties that are no longer required for service delivery and could be transferred internally or disposed of to generate capital receipts.”
The report listed six assets which members were asked to declare surplus for disposal by freehold sale.
Those assets were: Iveston Farm, Maidenwells; land east of Cleddau Reach School, Llangwm; Palace Cinema, Haverfordwest; St Asaph, Trafalgar Road, Tenby – social services premises; land at East Llanion Marine, Pembroke Dock – boat yard area; and land at Maidenwells – development plot.
For those six properties, it said of Iveston Farm: “Farm homestead in need of extensive renovation. An approach to local agents will begin to market the homestead and surrounding land. The remainder of the land areas are to be re-let as part of the County Farm Estate.”
For the land east of Cleddau Reach School, it said: “Areas of land parcels that no longer form part of the school demise and offer no opportunity to the authority and is therefore to be declared surplus for disposal.”
For Palace Cinema, it said: “Freehold of property to be sold. The property is listed and requires significant investment.”
For St Asaph, Trafalgar Road, Tenby, it said: “The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”
For East Llanion Marine, it said: “Freehold of the property to be sold. This is an area of land (0.29 acres) adjacent to Port owned land. Both parcels are leased to East Llanion Marine. The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”
For the land at Maidenwells, it said: “The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”
It also listed three assets in which cabinet was asked to declared surplus to the requirements of one council department and appropriated to another use within the council.
Those were: Portfield Social Activity Centre, Haverfordwest – for future education project; Eastgate Centre, Pembroke – for future re-development project; and land west of Cleddau Reach School, Llangwm – for future education project.
Members were also asked to remove one property declared surplus to council requirements, appropriated for a particular use within the council: Pembroke Dock Watersports Centre – Watersports centre in occupation.
Members backed the 10 recommendations.
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