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First Minister on NATO summit: Costly but worth it

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NATO-logoWELSH First Minister, Carwyn Jones, this week extolled the benefits, despite the cost, of the recent NATO summit held in Newport. He explained that the majority of the costs had fallen to the UK Government as the host state but that the Welsh Government, who had worked in partnership with the UK Government, had spent around the £3m mark. The costs were broken down by the First Minister as two million spent on the security requirements, equipment and man power, and around one million spent on promoting Wales, marketing and advertising and events in London, Brussels and Washington.

He said of the event: “The NATO Wales Summit was the largest event of its kind ever held in the United Kingdom and an unprecedented opportunity to promote Wales globally. The Welsh Government, local authorities, the NHS and a range of other agencies worked with the UK Government and NATO to ensure a safe and memorable summit. “The procurement process for the Summit was led by the UK Government and it is understood that a number of Welsh suppliers secured contracts for the event. In addition, it is understood that 24,000 bedroom nights were reserved for the summit in the cities of Newport, Cardiff and Bristol alone, providing a major boost to the tourism sector in Wales.

“66 delegations attended the Summit, along with 1,500 media from around the world. All major TV news stations in the USA covered the two days in their evening news shows, including coverage of the opening banquet in Cardiff Castle. And, of course, President Obama said on camera, “you can see the extraordinary beauty, the wonderful people and great hospitality, so I’d encourage everybody in the USA to come and visit Wales”. The combined value of this publicity is literally incalculable. “The Welsh Government’s pre and post NATO media releases were picked up by a total of 550 news outlets with an Advertising Value Equivalent of some £900,000. In terms of social media, highlights included the development of a “Welcome to Wales” film, featuring Welsh talent, which has received some 13,000 views to date. The development of our ‘Wales Made’ stamp and hash tag provided Wales with an opportunity to promote Welsh businesses, tourism, food and culture under a common theme for the Summit. This was deployed on twitter both in Wales and through the network of British Embassies overseas.

“The NATO Wales Summit raised the profile of Wales and we capitalised on this through the UK Investment Summit Wales held at the Celtic Manor on 21 November. This brought together global investors, business leaders, the Prime Minister and Ministers from around the world. “At the Investment Summit I announced a package of investment projects receiving Welsh Government support. As I have said on many occasions, the best advertisement for Wales is our investors, who choose to come here because we have the people, the skills, the infrastructure and expertise to compete in the global marketplace. “The NATO Wales Conference presented Wales with a superb opportunity. The Welsh Government worked closely with the UK Government, local authorities, the NHS, police and other agencies to deliver an outstanding conference and other related events. Wales should be proud of its achievement and the reputational benefits to our country will be apparent for years to come”.

Also commenting on the event, was the Secretary of State for Wales, Stephen Crabb, who said: “Every step of the way we have shown Wales’s entrepreneurial ability and spirit. The NATO Summit could not have taken place without the strength and support of Welsh business. World leaders are returning home in no doubt as to the skills, talent and expertise on offer in Wales and the breadth and quality of products and services we provide. Thousands of the world’s media have seen what a beautiful place we live in and our breathtaking landscapes and rich heritage have been seen across the world. Our global profile has never been higher”. He went on to explain what the wider implications were, in terms of the Investment Summit that was brought to Wales in November, saying: “The NATO Summit has put us on the international map and brought a boost to our economy.

I am determined to build on this. The legacy of the NATO Summit must be to promote Wales’s potential as a great place for investment, business, tourism and education. That is why the UK Investment Summit (brought) to Wales in November was so important. Wales is home to some of the most successful international companies in the world. The Investment Summit showcased those businesses to potential new investors to encourage them to also invest in Wales. This conference highlighted why Wales is such a great place to invest. It focussed on the high-tech sector, where we have a growing reputation for excellence.” He added: “I have always been clear that the NATO Summit should bring a lasting economic legacy to Wales. By attracting new investment and growing exports from Wales the Investment Summit will help to secure a stronger economy for Wales”.

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Business

Expansion for Ashmole & Co with acquisition of Jones Ward Accountants

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CHARTERED, Certified Accountants, Ashmole & Co, are delighted to announce their expansion following the acquisition of JonesWard accountancy firm in Carmarthen.

Ashmole & Co Carmarthen has today taken over JonesWard who have closed their office in Lammas Street, Carmarthen. All JonesWard staff, including Ian Jones and James Ward, have transferred over to Ashmole & Co and will be based in the Old School, the Quay, Carmarthen.

JonesWard informed their clients that the administrative burden of running a practice had increased significantly over recent years due to the constant changing money laundering and tax regulations, software requirements and so on. Over the past 12 months it had become more challenging to maintain the level of service they had been used to providing.

Ian Jones said, “We feel Ashmole & Co share the same values as us and have the necessary expertise and resources to ensure we can continue to provide the personal touch and level of service clients have been accustomed to. Myself and James are not retiring but we will be supported by Ashmole & Co’s partners and staff from now on in their Carmarthen office.”

Ashmole & Co partners Sharon George, Carwyn Morgan and Vinal Patel will strive to ensure JonesWard clients will continue to receive the high quality of service they are used to.

Vinal Patel, Partner with Ashmole & Co said, “It is our priority to make the transition as smooth as possible with all employees of JonesWard having already transferred to Ashmole & Co and are now based in our office on the Quay in Carmarthen. We look forward to meeting our new clients and working closely with them to meet their needs in the future.”

Ashmole & Co Chartered and Certified Accountants have been established since 1897 and are one of the largest accountancies and auditing practices in south Wales, now operating from thirteen offices throughout south and west Wales including Swansea, Carmarthen, Haverfordwest and Ammanford.   

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Charity

Fundraiser to take on epic 87k steps challenge to raise funds for Withybush

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SAM Faulkner is challenging himself to walk 87,000 steps in one day to raise funds for the Cardiac Care Unit at Withybush Hospital in memory of his father.

Sam will be walking along the Brecon and Monmouth Canal from Brecon to Rogerstone in Newport.

Sam said: “Since losing my Dad last year, I made a personal commitment to do something to raise money every year for the Cardiac Care Unit at Withybush Hospital in Haverfordwest who looked after my Dad so well in his final days.

“I will be challenging myself to complete 87,000 steps in a day on July 20th 2024 – 1,000 steps for every year of my Dad’s life. I’ll be walking around 40 miles in about 10 hours.

“Canal walks were always a firm favourite of mine and my Dad’s, with many days spent walking along the Grand Union in Northamptonshire when I was growing up.

“My family and I, and the unit at the hospital, would be beyond grateful for anything supporters could give. Thank you ever so much in advance.”

Katie Hancock, Pembrokeshire Fundraising Officer, said: “We’d like to say a huge good luck to Sam with his challenge. Thank you so much for dedicating your time to raise more funds for the Cardiac Care Unit.

“The support of our local communities enables us to provide services over and above what the NHS can provide in the three counties of Hywel Dda and we are extremely grateful for every donation we receive.”

You can donate to Sam’s fundraiser here: https://www.justgiving.com/page/sam-faulkner-1712508280259?newPage=true&fbclid=IwAR2tyVVQVea0DLQelSsrp7Ie2CKjX0jXGnwndR_tBKL-Av2kv8f5nchEolw

For more details about the charity and how you can help support local NHS patients and staff, go to www.hywelddahealthcharities.org.uk

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Business

Dragon LNG explores integration of LNG and CO2 liquefaction processes

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DRAGON LNG, based in Waterston, Milford Haven, recently announced a significant step towards sustainable energy solutions.

The company awarded a contract to Worley, global professional services company of energy, chemicals and resources experts, to conduct a comprehensive feasibility study.

The study is focussing on exploring the potential benefits of integrating LNG (Liquefied Natural Gas)
regasification and CO2 (Carbon Dioxide) liquefaction processes at Dragon LNG’s facilities. This integration holds promise for a more efficient operation, with the potential to reduce energy consumption, carbon intensity and the levelized cost of CO2 export not only at the Dragon site but also for Haven industry companies.

If feasible, the technology at Dragon would support wider collaboration with RWE Pembroke Net Zero Centre, whose CO2 would be transported to the Dragon facility for processing before being shipped via non-pipeline transport (NPT) to carbon sequestration sites.

Key aspects to be addressed in the feasibility study include:

  • Technical Solutions: Worley will evaluate various technical approaches to seamlessly integrate LNG and
  • CO2 liquefaction processes, ensuring optimal energy efficiency and effectiveness.
  • Carbon Intensity Reduction: Dragon LNG is committed to sustainability, and the study will assess how the integration of processes can contribute to lowering the carbon intensity of operations, aligning with broader environmental goals.
  • Economic Viability: Understanding the financial implications is crucial. The study will delve into the levelized cost of CO2 and other economic factors to determine the feasibility and financial benefits of the proposed integration.

Commenting on the partnership, a spokesperson for Dragon LNG stated, “We are excited to collaborate with Worley on this important initiative. As a responsible energy provider, Dragon LNG is continuously seeking innovative ways to enhance our operations while minimizing our environmental footprint. This feasibility study represents a significant step towards achieving those objectives.”

Worley’s expertise in engineering and consultancy services including in the CO2 and LNG sectors makes them an ideal partner for this endeavour. Their track record of delivering sustainability solutions aligns perfectly with the ambitious goals of Dragon LNG.

This collaboration underscores Dragon LNG’s commitment to driving sustainable practices within the energy sector. By exploring the integration of LNG regasification and CO2 liquefaction processes, the company aims to pave the way for a cleaner, more efficient energy future with their ambition of a net zero terminal by 2029.

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