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Milford Haven dry dock pitched as home for giant £480m superyacht yard

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Port says dock is being actively marketed as company unveils vast shed plan that could transform town skyline and create up to 3,000 jobs

A HUGE plan to turn Milford Haven’s dry dock into the heart of a £480 million superyacht construction and refit yard has been unveiled, in what could become one of the most dramatic development proposals ever put forward for the town.

Renderings released alongside the announcement show a colossal enclosed build hall covering the existing dry dock and dominating the waterfront skyline. Based on the images, the proposed structure appears likely to be nearly as long as some of the German submarine pens built on the French Atlantic coast during the war.

There is a need for superyacht facilities globally, with order books queuing for repairs and upgrades, Superyacht Sales UK said,

The scheme has been put forward by Superyacht Sales UK, which says it is in early-stage discussions with Milford Haven Port Authority over the possible use of the Port’s 180-metre dry dock as part of a long-term vision for a major new marine engineering hub in Pembrokeshire.

The company says the wider project could eventually support up to 3,000 skilled jobs and generate around £150 million a year in social value, while helping establish Milford Haven as a centre for superyacht refit, construction and green marine technology.

Port’s response cautious

Despite the eye-catching scale of the proposal, the Port has given only a limited response.

Huge plans for Milford: Kerry Ballard, founder of Superyacht Sales UK

In a statement to The Herald, a spokesperson for Milford Haven Port Authority said: “The dry dock is commercially available for rent and is being actively marketed. We have responded to various organisations that have shown an interest. We are unable to comment further due to commercial sensitivities.”

That response makes clear the dry dock is being marketed commercially and that Superyacht Sales UK is not the only organisation to have shown interest.

The release issued by Superyacht Sales UK says the company is also exploring the possible development of a custom new-build shipyard on the site of the former Royal Naval Armaments Depot on the edge of Milford Haven. However, it acknowledges that no contact has yet been made with the current landowners and that the entire proposal remains at concept and feasibility stage.

Kerry Ballard, founder of Superyacht Sales UK, described the plans as a long-term ambition and said discussions with the Port were exploratory.

She said: “This is a long-term vision, and we are at a very early stage. Our discussions with Milford Haven Port Authority are exploratory, focused on understanding what may be possible in respect of the existing dry dock facilities.

“Milford Haven presents a compelling opportunity. The combination of deep-water access, industrial heritage, and alignment with the Celtic Freeport strategy, particularly around hydrogen and green energy, creates a highly attractive proposition for a next-generation shipyard.”

She added that any development of this scale would need to be shaped in partnership with the local community, stakeholders and education providers.

Questions over scale

There is no doubt the vision is bold. If built in anything like the form shown in the released images, the structure would completely alter the appearance of the docks and create a huge new industrial landmark visible across much of the town.

Rather than sitting beside the dry dock, the proposed shed appears designed to swallow it almost whole, enclosing the dock within a giant shell intended for superyacht construction and refit work under cover.

The sheer scale of the concept is likely to prompt both excitement and scepticism locally.

Supporters will point to Milford Haven’s deep-water access, industrial heritage, marine infrastructure and long association with heavy engineering and energy industries. In theory, those strengths could make it a credible location for specialist shipyard activity if sufficient private investment and commercial demand existed.

The company says the international market for superyachts over 30 metres is growing, with existing European yards facing capacity constraints. Its pitch is that West Wales could capture part of that market while also linking the development to future propulsion systems, including hybrid, battery-electric and hydrogen-powered vessels.

The proposal also includes talk of partnerships with colleges and universities to create training pathways in advanced composites, precision engineering and sustainable marine technologies.

Speculative at this stage

For Milford Haven, the attraction is obvious. A project on this scale would not just mean another industrial tenant taking over an existing dock facility. It would represent a major shift in ambition for the waterfront and could, if realised, bring a new type of high-value engineering work into Pembrokeshire.

But serious questions remain.

No planning application has been submitted. No formal development agreement has been announced. The Port has not indicated support for any specific proposal. At this stage, there is no public evidence of secured funding for a project on anything like the scale being discussed.

There are also likely to be wider questions about land control, infrastructure demands, environmental considerations, traffic, visual impact and whether local people would genuinely benefit from the promised jobs and training.

For now, the proposal remains an ambitious vision rather than a confirmed development.

If the idea progresses, it could mark the start the biggest waterfront development discussions the town has seen in years.

 

Business

Solar panels call at Victorian building tearoom approved

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A CALL for works at a Pembrokeshire seaside tearoom, once the site of a Victorian brickworks machinery shed, has been given the go-ahead by national park planners.

In an application recommended for approval at the July meeting of Pembrokeshire Coast National Park’s development management committee, Caroline Jones sought permission to install solar panels to roof over an outside seating area at The Shed Tea Room, Porthgain.

The application, and a related listed building consent call, was for committee consideration as The Shed Tea Room forms part of Ty Mawr, a Grade-II-listed large stone-built former machinery shed owned by the national park itself.

An officer report for members stated: “The Shed Tea Room is a lean-to structure at the west end of Ty-mawr, a Grade-II-listed large stone-built former machinery shed, built c. 1890 to serve Porthgain brickworks. The lean-to itself is built of a mixture of stone and brick, retaining the stump of the brickworks chimney.

“The Shed has been used for retail purposes since 1999, and as a tearoom and restaurant from 2001, after which roof-lights were inserted. The north-western section of the lean-to was incorporated after 2003, when the present timber windows were inserted.

“After 2007, a lean-to scullery was added at the north end, alongside the chimney stump, with a small, fenced compound beyond. The south-western lean-to was added in 2024. The proposal comprises the addition of solar PV panels to the south-western lean-to. The panels – twelve in total – are all-black and frameless. The panels are configurated in a single block covering the majority of the roof, surface mounted on corrugated steel sheeting.

“The scheme is in keeping with the character of the listed building, and its setting in terms of design and form. As such, the application can be supported subject to conditions.”

The recommendation of approval was moved by Cllr Di Clements, and unanimously backed by members; the related listed building consent also moved by Cllr Clements, and again unanimously backed.

 

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Business

Seasonal campsite at former scrapyard approved by National Park planners

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A CALL for a formal seasonal Pembrokeshire campsite with motorhomes camping on the site of a former scrapyard has been given the go-ahead by national park planners.

In an application recommended for approval at the July meeting of Pembrokeshire coast National Park’s development management committee, Mr A Stoddart, through agent Addison Design & Development, sought permission for a change of use of land for the formation of 11 ‘touring caravan’ pitches, tent pitches and the siting of three shepherd’s huts, partly retrospective, on land to the east of Talbenny Hall Farm, Talbenny, near Haverfordwest.

The retrospective element related to the retention of an existing storage shed and facilities building.

The application was for committee consideration as officers had recommended approval despite objections from local community council The Havens.

An officer report for members said a change of use was sought for a a former scrapyard site, “which has been remediated and more recently operated as a seasonal campsite, to provide a seasonal formal camping and glamping site”.

It added: “During the determination of the application, a significant amount of additional information has been submitted in response to consultee comments. In particular, the Local Highway Authority initially objected to the proposal on highway safety grounds pending the submission of further technical information.”

It said those concerns had been withdrawn after further information was received, the scheme before committee as it “relates to a new tourism development in the countryside, and because The Havens Community Council has maintained an objection on highway safety grounds”.

It went on to say: “The site will operate as a medium sized seasonal tourism development between March 31 and September 30 each year. The applicant has confirmed that the three shepherd’s huts will be removed from the site outside the operating season and stored within the existing onsite storage building.

“Officers consider that the previously developed nature of the site, its enclosed landscape setting, seasonal operation and the resolution of technical matters relating to highway safety, ecology and drainage demonstrate overall policy compliance with the requirements [of planning policy] and the proposal is therefore recommended for approval subject to conditions.”

At the meeting, members heard the 2023 submitted scheme had been delayed due to the applicant facing “exceptional personal circumstances”.

Concerns were raised at the meeting by objector Alison Gibbey on highways grounds, while agent Zac Addison told members the former scrapyard had been transformed into “a beautiful little haven,” the applicant not wanting to be “a nuisance to anybody”.

He said the ‘touring pitches’ would be solely used for motorhomes, with a maximum of 20 tents in the tent pitch area.

Moving approval, Cllr Di Clements reflected it was positive tourism in the county was spreading inland away from “honey pot” coastal areas, suggesting a ‘quiet time’ evening condition be included in any approval.

Members unanimously backed the recommendation of approval, Cllr Mike James commenting: “to have something like this in the rural areas, it’s really good to see this.”

 

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Business

‘Times are tough’ warning as corporate insolvencies remain above pre-pandemic levels

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Welsh insolvency specialist says rising costs, shrinking margins and unpaid bills are continuing to place businesses under severe pressure

BUSINESSES across Wales are continuing to face a difficult trading climate as rising costs, falling profits and cashflow pressures take their toll, an insolvency specialist has warned.

Government figures released on Friday (July 17) show there were 1,845 corporate insolvencies in June 2026.

That was four fewer than the 1,849 recorded in May and 10 per cent lower than the 2,048 reported in June last year.

However, Andy McGill, restructuring and insolvency partner at business advisory firm Azets, said the figures remained a cause for concern, with many directors struggling to keep their companies afloat.

Mr McGill, who covers Wales from Azets’ offices in Cardiff, Swansea and St Asaph, said Creditors’ Voluntary Liquidations continued to dominate the figures.

He said: “While 50 fewer took place compared with last month, CVL numbers remain higher than they were before the pandemic, as directors lack the confidence and cash to keep their firms open in a trading climate dominated by rising costs, shrinking margins and political and economic uncertainty.”

Compulsory liquidations also remain higher than they were at the beginning of the year, with creditors increasingly using the courts to recover unpaid debts.

Mr McGill said the patience shown by creditors during the pandemic had largely disappeared, with businesses and public bodies now watching payment deadlines more closely and chasing overdue invoices.

“Everyone is short of money, everyone is watching their payment deadlines and chasing unpaid invoices, and it is likely this will continue in the second half of the year,” he said.

“Times are tough for Britain’s businesses. It costs more to hire staff, profits are falling and cashflow levels are under pressure.

“Firms have been fighting financial fires in one form or another since 2020.”

He said increases in rents, business rates, materials, wages, products and energy had steadily reduced profit margins over the past six years.

Energy bills remained a particular concern for businesses that were unable to pass increased costs on to their customers.

Retailers and hospitality businesses were among those facing the greatest pressure, with some reducing recruitment as they attempted to control costs.

Mr McGill said that although sales volumes may be increasing in some sectors, this did not necessarily mean businesses were making more money.

“Many businesses are having to work harder simply to stand still,” he said.

“Where they can, they avoid passing their costs on to customers, but many simply are not able to do this anymore.”

The construction industry was also being affected by delayed project starts, planning difficulties, late payments, tight margins and rising material costs.

Mr McGill said improved summer weather could help increase construction output, although it remained unclear whether this would be enough to significantly improve conditions within the sector.

He urged company directors worried about their finances to seek professional advice at the earliest opportunity.

“It is a hard call to make and an incredibly tough conversation to start,” he said.

“But doing so while your worries are still new gives you more options and more time to decide your next step than if you wait until the problem becomes more severe.

“It usually gives you a better chance of turning the situation around.”

 

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