Connect with us
Advertisement
Advertisement

Business

Welsh Government and Development Bank launch new Green Business Loan Scheme

Published

on

A MAJOR new loan scheme to support businesses in Wales cut their energy costs by taking steps to become greener and more energy efficient has been launched today by the Welsh Government and Development Bank of Wales.

With the ambition to invest £10m over the next 3 years, the new Green Business Loan Scheme, which will offer discounted interest rates and flexible repayment dates, will help businesses make improvements allowing them to reduce their carbon footprint – supporting Wales’ journey to become net zero by 2050.

Projects which could be supported by the loans include:

  • Investing in renewable energy technology;
  • Improving the fabric of premises and energy efficiencies within the building;
  • Upgrading systems or machinery to reduce energy use;
  • Water usage and waste reduction/improvements
  • While businesses see the benefits in becoming environmentally sustainable, many lack the funds required to make the up-front investment needed. And wider economic circumstances mean many businesses which might have planned decarbonisation work have since had to prioritise other costs – while those who have the resources needed to make such improvements often don’t know the best place best to start.

As well as the new loan, support and advice is also available from the Welsh Government’s Business Wales service to help businesses decarbonise.

Launching the new loan scheme, Economy Minister, Vaughan Gething, said:

“Tackling climate change is a priority for the Welsh Government. That’s why we’ve set ambitious plans for Wales to become net zero by 2050.

“Businesses have a crucial role to play if we are to meet our ambition, so we’re proud to work with the Development Bank in supporting Welsh businesses on their decarbonisation journey.

“The economy has suffered in recent months and many businesses won’t have the resources needed to decarbonise. This is especially concerning as energy bills have risen, which highlights just how important Wales’ journey towards becoming a Net Zero nation is.

“We want to ensure businesses have the support needed to make the improvements they want to make – not just through financial backing offered by the Green Business Loan Scheme, but also with practical advice from our Business Wales service.

“I’d encourage any businesses interested in the new scheme to contact the Development Bank for more information.”

Minister for Climate Change, Julie James, said:

“The current cost of energy has brought into sharp focus the need to reduce our energy use, be more energy efficient and switch to local, renewable energy sources instead of relying on costly fossil fuels.

“Businesses can be at the heart of our transition to net zero, and we know our business community are keen to take action. This scheme offers the capital funding which small and medium sized businesses often need to make investment decisions.

“The Green Business Loan Scheme can help businesses reduce carbon emissions, manage energy costs and increase business competitiveness.”

The market for ‘green’ loans is new and evolving and the Development Bank will use this pilot to test the market – learning lessons that can inform the operation of the larger funds operated by the bank. Those larger funds such as the Wales Flexible Investment Fund carry the firepower to provide finance at far greater scale.

Chief Executive of the Development Bank of Wales, Giles Thorley, said:

“The new Green Business Loan Scheme will help businesses looking to improve energy efficiency and future-proof themselves against rising energy costs.

“We know that sustainability is an increased area of focus for investors, customers and employees – as such, investing in decarbonisation measures is becoming increasingly important for businesses, but few have the initial capital needed to make those changes.

“The new scheme offered by the Development Bank will be provided on a patient capital basis, with payment schedules linked to the payback of improvements made.”

 

Business

Langdon Mill Farm Pembrokeshire expansion signed off

Published

on

THE FINAL sign-off for plans for a heifer accommodation building and associated works at one of Pembrokeshire’s largest dairy farms, with a milking herd of 2,000 cows, have been given the go-ahead.

In an application backed by councillors at the December meeting of Pembrokeshire County Council’s planning committee, Hugh James of Langdon Mill Farms Ltd sought permission for a 160-metre-long heifer accommodation building, a slurry separation/dewatering building and associated yard areas at 1,215-hectare Langdon Mill Farm, near Jeffreyston, Kilgetty.

A supporting statement through agent Reading Agricultural Consultants said: “The holding currently has a milking herd of approximately 2,000 cows, which are housed indoors for the majority of the year, with dry cows and heifers grazed outdoors when weather and soil conditions permit.

“There has been significant investment in buildings and infrastructure at the farm over the last decade in respect of cattle accommodation, slurry storage, milking facilities, Anaerobic Digestion (AD) plant, feed storage. Recently a calf and weaned calf accommodation buildings were approved by Pembrokeshire County Council with construction almost complete.

“The unit is efficient, achieving yields of more than 10,000 litres/cow/year, with cows being milked three times/day in the 60-point rotary parlour. Langdon Mill Farm currently directly employs 21 full-time, and three part-time staff.  Of these, four live on site in the two dwellings opposite the farm, with the remaining staff living in the locality.”

It added: “Although the unit has previously purchased heifers to aid expansion, the farm now breeds most of its own replacements to improve genetics and to minimise the ongoing threat of bovine tuberculosis (bTB).”

It said the proposed building would be used by heifers between the ages of 7-22 months, the siting  “directly influenced by the adjacent calf and weaned calf buildings, with livestock being moved from one building to the next as they get older”.

Members unanimously supported the recommendation of approval, giving delegated powers to the interim head of planning to approve the application following the final approval of a habitats regulations assessment.

An officer report published yesterday, February 5, said Natural Resources Wales confirmed it had received the assessment, and, “in consideration of the mitigation measures detailed and on the understanding there is no increase in stock, they agree with the LPA’s conclusion that an adverse effect upon the integrity of the SAC [Special Areas of Conservation] sites can be ruled out”.

Formal delegated approval has now been granted by officers.

 

Continue Reading

Business

Report into Wales SME finance paints mixed picture as barriers remain

Published

on

A NEW report by the British Business Bank and Economic Intelligence Wales shows that while most Welsh SMEs remain financially stable, many continue to face barriers to accessing finance and are less likely than their counterparts in other devolved nations to seek funding for future growth.

The Wales SME Access to Finance Report 2026 has found that 66% of Welsh SMEs are currently using external finance, and eight in ten (80%) report a positive cash flow position. Despite this, 19% of smaller Welsh businesses reported experiencing barriers to accessing finance, the highest proportion among the devolved nations.

The report also highlights a more cautious outlook among Welsh SMEs when it comes to future investment. Just 17% of Welsh businesses expect to require additional finance over the next year, compared with 42% in Northern Ireland and 47% in Scotland. While 62% of Welsh SMEs that anticipate needing finance say they are confident about securing it, overall demand for funding remains lower than elsewhere in the UK.

Regional variations within Wales are also evident. SMEs based in North Wales and South West Wales were more likely to report barriers to finance (both 21%), while South West Wales businesses were least likely to feel confident about securing additional funding. At the same time, SMEs in South East Wales were most likely to report a finance requirement above £250,000, reflecting differing growth profiles across regions.

Giles Thorley, Chief Executive, Development Bank of Wales; Susan Nightingale, Director, Devolved Nations – UK Network, British Business Bank; Irvine Mwiti, Economist, British Business Bank 

The findings underline the importance of a diverse and accessible finance ecosystem to support business investment, innovation and growth across all parts of Wales.

Susan Nightingale, Director UK Network, British Business Bank, said: “Welsh businesses continue to show resilience and confidence, with most reporting positive cash flow and steady growth expectations. Yet, clear regional and structural differences remain in access to finance, particularly for smaller businesses and sole traders. With Wales recording the highest share of smaller businesses experiencing barriers to finance among the devolved nations, it is vital that all businesses, wherever they are in the country, have the knowledge, confidence and support to secure the right finance for them. This will be key to unlocking sustainable growth across every part of Wales.”

Giles Thorley, Chief Executive of the Development Bank of Wales, said: “This year’s Wales SME Access to Finance Report shows a mixed picture. It’s encouraging to see many Welsh SMEs reporting strong cash flow, yet concerning that confidence and demand continue to lag behind other UK nations. If we want our businesses to innovate, invest and grow, closing that gap must remain a priority.

“Improving access to finance isn’t something any one organisation can solve alone, but the Development Bank of Wales will continue to play a vital role in supporting SMEs, working alongside partners across the wider finance ecosystem to help businesses invest, innovate and grow.”

Economic Intelligence Wales is a unique research collaboration between the Development Bank of Wales, Cardiff Business School, Bangor Business School, the Enterprise Research Centre, and the Office for National Statistics (ONS).

 

Continue Reading

Business

International Women’s Day event aims to open doors for future talent in West Wales

Published

on

BUSINESS leaders, students and policymakers will gather in Pembrokeshire next month to mark International Women’s Day with an event focused on opportunity, leadership and retaining talent in West Wales.

Jane Wallace-Jones, founder of Something Different will be a guest speaker at the event, according to organisers (Pic: Supplied)

The third annual Partners in Progress: Give to Gain conference will take place on Friday (Mar 6), bringing together established professionals and the next generation of workers to share practical advice and real-world experience.

The event is organised by Institute of Directors Wales, in partnership with Bluestone National Park Resort and the Welsh Government through Trade & Invest Wales.

Guest appearance: Belinda Houghton-Jones of RBC Brewin Dolphin

Hosting the conference in West Wales, rather than a city centre, aims to highlight the growing opportunities available in regional communities and the role local employers play in keeping skilled people closer to home.

Running from 10:00am to 2:00pm, the programme will include panel discussions, site tours and networking sessions. Sixth form, college and university students will be encouraged to question speakers directly about careers, leadership and progression.

Looking forward to speaking: Alex Shufflebottom of Shufflebottom Ltd one of the UK’s leading manufacturers of award-winning steel-framed buildings

Speakers include Belinda Houghton-Jones of RBC Brewin Dolphin, Alex Shufflebottom Jones, former managing director of Shufflebottom Ltd and now an investor and mentor, Dr Owain James of Darogan, and Jane Wallace-Jones, founder of Something Different. The panel will be chaired by Richard Selby, National Chair of IoD Wales.

Organisers say the focus will be firmly practical, with businesses sharing examples of how they are developing staff, widening access to opportunity and building inclusive workplaces.

The discussion comes as Welsh firms continue to report difficulties recruiting and retaining skilled staff. IoD Wales’ latest State of the Nation survey found that skills shortages remain the biggest concern for almost four in ten organisations.

Jo Price, Nations Manager for Wales at IoD Wales, said the aim is to connect experience with ambition.

She said: “Partners in Progress is about bringing people together to tackle real challenges facing businesses and future talent in Wales.

“By connecting leaders and students in West Wales, we can share what works, build confidence and create opportunities where people live and want to work.”

Guest: Dr Owain James of Darogan

Rebecca Rigby, Director of Operations at Bluestone, added: “We’re proud to host this event for a third year. It’s about creating meaningful connections between future talent and inspirational leaders, and showing what’s possible beyond the big cities.”

Thanks to Welsh Government support, tickets are fully funded, although places are limited. Standard prices are £25 plus VAT for members and £35 plus VAT for non-members.

Places can be booked online via the IoD website.

 

Continue Reading

Crime15 hours ago

Pembroke Dock man admits threatening to hack woman’s head off with sword

Court imposes strict bail conditions and bans contact with named individuals ahead of sentencing A PEMBROKE DOCK man has admitted...

Crime21 hours ago

Teenager remanded after teacher injured in knife incident at Milford Haven school

Fifteen-year-old charged with Section 18 grievous bodily harm and possession of a bladed article appears before Swansea magistrates A FIFTEEN-YEAR-OLD...

Crime1 day ago

Police confirm teacher was stabbed at school as teenager appears in court

15-year-old charged with Section 18 GBH with intent and possession of a bladed article on education premises POLICE have confirmed...

Crime2 days ago

Man arrested for murder following death of pensioner in Pembroke Dock

Officers called to Hawkstone Road property as investigation continues and residents urged to come forward DYFED-POWYS POLICE officers have launched...

Crime2 days ago

Teacher discharged as Milford School to reopen Monday after serious assault

Deputy head praises ‘calm and professional’ staff and pupils during lockdown A TEACHER injured in a serious incident at Milford...

Crime3 days ago

Teacher discharged as police step back from Milford Haven school after assault

Teenager remains in custody as school closes and patrols increased to reassure community POLICE have confirmed they are no longer...

Crime3 days ago

Teacher injured and teenager arrested for attempted murder at Milford Haven School

Lockdown triggered as pupil allegedly attacks staff member with weapon – boy, 15, held on suspicion of attempted murder A...

international news3 days ago

Pembrokeshire women conquer Atlantic in epic 3,000-mile row

PEMBROKESHIRE’S all-female rowing crew Merched y Mor have completed one of the hardest endurance challenges on the planet after crossing...

Crime4 days ago

Sex offender jailed after living off grid in Pembrokeshire and refusing to register

Man walked into police station after months avoiding authorities A CONVICTED sex offender who told police he intended to live...

Crime4 days ago

More rape and sexual assault survivors to get right to challenge dropped cases

New review scheme to be rolled out across CPS Cymru-Wales following successful pilot SURVIVORS of rape and serious sexual assault...

Popular This Week