Business
£60m port revamp in Pembroke Dock set to create 1,800 jobs
THE ONCE-THRIVING port town of Pembroke Dock is witnessing a significant transformation, as a £60 million redevelopment project breathes new life into the area, with the promise of up to 1,800 jobs. This ambitious project marks the beginning of a series of initiatives aimed at revitalising the local economy, which has been hit hard by the closure of oil refineries and the subsequent loss of jobs.
The historic dockyard has been upgraded into what has been hailed as a “world-class centre” for wind, wave, and tidal power projects. The revitalised Pembroke Port was officially opened on Wednesday by Deputy Prime Minister Angela Rayner, The Secretary of State of Wales Jo Stevens, and the First Minister Eluned Morgan, who all highlighted the significance of this development during what has been described as a pivotal year for marine energy in Wales.

Key features of the upgrade include a new “supersized slipway” designed to attract renewable energy firms, with the ultimate goal of creating 1,800 new jobs in the region. However, industry experts have cautioned that additional government funding will be required to fully prepare Wales’ ports for the growing opportunities in offshore energy generation.

Pembroke Dock, holds a significant place in British naval history. Established as a Royal Navy dockyard in 1814, the town saw the construction of five Royal Yachts and numerous other vessels. During World War II, it became the world’s largest military flying boat station. Now, the site is “on the threshold of a new epoch,” according to Tom Sawyer, Chief Executive of the Milford Haven Port Authority.

Deputy Leader of Pembrokeshire County Council said : “What we are doing is playing our part in de-energising the UK energy industry in developing those new renewable technologies and deploying them.
“If we get this right there is really a chance for this to be transformational for the Pembrokeshire economy. I said in my speech just now that I am old enough to remember four refineries, and we are down to just one now. Never before have we been talking about something which could replace all that on that sort of scale. This genuinely could be transformational, like those days in the 1950’s when the oil industry came to Pembrokeshire.”
The Pembroke Dock Marine programme, supported by both UK and Welsh government funding as well as private investment, aims to transform the site into a “renewables port.” This development is part of the broader Swansea Bay City Deal, and Mr Sawyer described it as “the culmination of years of hard work to create a multi-purpose port” in Pembroke Dock.
In addition to the enlarged slipway, the redevelopment includes new workboat pontoons, office and workshop facilities, and expansive areas for companies to construct and store renewable energy devices and components. Mr Sawyer emphasised the importance of these upgrades, stating that “the size of the slipways and the access from quayside into deep water are fundamental requirements for many of the renewable technologies going out to sea.”
This work complements existing local initiatives, such as the Marine Energy Test Area (META) and the Pembrokeshire Demonstration Zone (PDZ), which provide firms with the opportunity to trial new technologies at sea. Planning permission for the project was granted in 2021, including the construction of the “supersized” slipway into the estuary, despite opposition from heritage organisations concerned about the impact on the port’s historic buildings and infrastructure. Ultimately, Pembrokeshire Council and the Welsh Government determined that the economic benefits of advancing the marine energy sector “far outweigh” those concerns.
Deputy Prime Minister Angela Rayner said: “Today, Pembrokeshire’s long heritage of maritime excellence is leading the way for the future of the UK with the launch of this Pembroke Dock Marine programme.
“This is a major step towards us becoming a world leader in zero-carbon marine engineering and tackling climate change for a cleaner, greener, more ambitious future for us all.
“And a future where we see our bold ambitions on growth and jobs for and with every part of the UK go hand in hand with our ambitions on Net Zero and sustainable energy.”
Prif Weinidog, Eluned Morgan, said: “I would like to thank everyone who has played a part in delivering this important infrastructure project that will be transformative for the region as we grow Wales’ low carbon economy further. It is a real example of the benefits of partnership between private sector business and government at local, national and UK level.
“Supported by Welsh Government, it marks an important milestone in our journey towards realising the opportunities of floating offshore wind in the Celtic Sea – and has real potential to generate high quality jobs and support sustainable economic growth. It also allows us to continue on our journey of tackling climate change together for a green and prosperous Wales.”
Welsh Secretary Jo Stevens highlighted the significance of this investment: ”For the UK to become a clean energy superpower, we need modernised ports just like this in Pembroke Dock, which will be the backbone of the energy hubs of the future.
“The UK Government is proud to invest in this project. Wales is at the forefront of our ambitions for GB Energy and facilities like Pembroke Dock Marine will contribute to our net zero goals, bringing down energy bills and creating skilled jobs for the people of Pembrokeshire.”
Tom Sawyer, CEO of the Port of Milford Haven, commented: “Today is the culmination of years of hard work to create a multi-purpose, future energy ready Port in Pembroke Dock. This vital, enabling infrastructure, made possible by public and private collaboration, will provide the base for a green cyclical economy, rich in local supply chain opportunities, to flourish in south west Wales. As industry is increasingly attracted to these new facilities and services, this hub is expected to generate over 1,800 jobs. But our ambition doesn’t stop here; we stand ready to make further investments to cater for the rapidly evolving demands of the green energy sector so that Wales reaps the benefits of this fledgling industry.“
Henry Tufnell MP, Member of Parliament for Mid and South Pembrokeshire, told The Herald: “It was great to welcome Angela Rayner, Eluned Morgan and Jo Steven’s to Pembroke Dock to open the new world-class centre for wind, wave and tidal power projects at Pembroke Port.
“We are in a new era of collaboration between Welsh and UK Government, which will directly benefit Pembrokeshire, placing us at the forefront of the Green Energy Revolution.
“Labour’s Green Prosperity Plan will ensure that we cut energy bills, deliver energy security and create good well paid jobs in the county – today is the first step on this exciting journey.”
Councillor Rob Stewart, Chairman of the Swansea Bay City Deal’s Joint Committee, said “The City Deal is making significant progress with all projects on the delivery phase. The City deal Pembroke Dock Marine project,is growing the economy and creating employment opportunities with a particular focus on the energy sector and renewable technologies. This investment in Pembroke Port will regenerate Pembroke Dock and the wider region by providing a base for the green energy economy, which is fundamental for the future of South West Wales. Coupled with the recent success of the Celtic Freeport bid, it strengthens our ambitions to create a prosperous region for businesses to thrive and residents to access well-paid jobs, both now and in the future.”
As Wales positions itself to capitalise on these opportunities, Pembroke Dock stands as a symbol of the region’s resilience and its commitment to a sustainable, prosperous future.
Business
Cod price crisis puts Pembrokeshire chip shops under pressure
CHIP SHOP owners in Pembrokeshire say soaring costs are forcing up prices, changing customer habits, and putting pressure on young staff facing questions from customers.
Speaking to the BBC this week, Rhys McLoughlin, co-owner of Môr Ffres in Dinas Cross, said he is installing self-service tills partly to protect staff from being put on the spot over rising prices.
Mr McLoughlin said cod, once his biggest seller, is being overtaken by cheaper options such as chicken chunks as families look for ways to keep costs down.
Prices keep rising
He said: “There are lots of questions being asked. Incoming prices are going up and up.
“We have no control over that, so either we work for no money, or we follow the price increase and pass it on.”
The average price of takeaway fish and chips rose to £11.17 in March, compared with £6.48 in 2019.
Mr McLoughlin warned that cod prices could rise further by September, saying: “If these prices continue to go up, who’s going to buy fish and chips for £21? Who can afford that?”
Staff under pressure
He said the planned digital kiosks would help manage queues in the small shop during the busy summer season, but would also reduce the pressure on young staff.
Mr McLoughlin said: “We have got young staff working here and sometimes this is their first stepping stone out of school.
“It’s no fun for a boy or girl to come to work to be asked pretty abrupt questions on the spot with 20 people in the chip shop.
“We have actually lost a few members of staff through that.”
Seaside favourite
In Saundersfoot, Sy Crockford, of Marina Fish & Chips, said keeping the traditional seaside meal affordable had become increasingly difficult.
He said cod alone had risen by around 50 per cent, adding: “One thing we don’t want to do is out-price fish and chips.
“It’s nostalgia, it’s romance, to come to the beach and have fish and chips. We definitely don’t want to outprice.”
Mr Crockford said cod and haddock were becoming “a luxury, not a necessity”, and suggested more sustainable and affordable fish options may become more common on chip shop menus.
Rural shops hit
At Cegin-24 in Crymych, owner Sioned Phillips said the price of a box of cod had risen from around £36 to between £50 and £60.
She said: “When I opened, it was £6.95 for a piece of cod. I’ve had to raise it to £9, and that’s being quite reasonable.
“If I wanted to make a normal amount of profit, it should be about £11 or £12 for a piece of cod.
“For me, in such a rural community area, to justify charging elderly people and local people so much for a piece of cod is absolutely ridiculous.”
Ms Phillips said some customers were still sticking with cod despite cheaper alternatives being offered, but were cutting back elsewhere by sharing portions of chips.
The National Federation of Fish Friers said cod price rises were linked to reduced quotas in the Barents Sea, sanctions on Russian fish, and wider cost pressures.
President Andrew Crook said many customers understood fish was a premium protein, but added that higher prices had affected visit frequency and footfall in many shops.
Business
Port reports record turnover, but debt, emissions and senior pay also rise
Annual report shows strong growth and major investment, but underlying figures reveal a more complex picture
THE PORT OF MILFORD HAVEN has reported another year of growth, investment and strong trading performance, with rising cargo volumes, record turnover and major spending on infrastructure across the Haven Waterway.
The Port’s 2025 Annual Report shows gross tonnage rose by 11%, while total cargo movements increased by 17% to 38.3 million tonnes.
Turnover also reached £45.2 million, up from £43.2 million in 2024, marking a fourth consecutive year of revenue growth.
The Port said service performance remained strong, with more than 98% service availability for customers using its pilotage services.
As one of Pembrokeshire’s most important economic institutions, the Port plays a central role in jobs, energy, tourism, marine safety and long-term investment across the Haven.
Dr Siân George, Chair of the Port of Milford Haven, said: “Our continued growth has been achieved not by chance, but through deliberate choices, and reflects our long-term perspective – one that prioritises our customers and our many stakeholders.
“As a trust port, we are committed to our mandate to ensure we hand on the Port in a better condition to future generations. We do this by placing responsible growth, environmental stewardship and prosperity for the communities who depend on the Waterway, at the forefront of our decision-making process.”
Tom Sawyer, CEO at the Port, added: “I would describe 2025 as another year of solid performance; one where our service delivery and business resilience continued to improve.
“We saw our fourth consecutive year of revenue growth and another year of strong profits. We thank our customers and Waterway communities and partners for their ongoing support, collaboration and challenge helping us to continually improve.
“And our thanks to our teams who have worked with an unerring focus on ensuring the Port of Milford Haven continues to deliver what our customers and communities deserve.”
Major investment
The Port continued a major investment programme during the year, spending £18 million in 2025 following £27.4 million in 2024.
Projects included a new pilot boat, upgrades to the Vessel Traffic Services command centre, refurbishment of marine facilities and further development at Milford Docks and Milford Waterfront.
The new 22-metre pilot boat, Llanion, completed sea trials and is expected to strengthen safety and resilience for vessel movements on the Waterway.
The Port also continued to position Pembroke Port for future floating offshore wind opportunities linked to the Celtic Freeport.
Supporters of that strategy argue that Milford Haven and Pembroke Dock could become central to the next generation of energy jobs, particularly if floating offshore wind develops at the scale hoped for by government and industry.
The Port also expanded its workforce, with 25 new employees joining in 2025 and four apprentices taken on, which it described as a record intake.
Its marine team has grown by 35% over five years.
Community role
The annual report highlights the Port’s role as a trust port, meaning it does not have shareholders and reinvests profits back into the business.
It says close to £500,000 was invested in community initiatives during the year.
These included water safety programmes, youth projects, support for Milford Youth Matters, the Torch Theatre, STEM opportunities for young women and local environmental work around the Haven Waterway.
Milford Waterfront also received recognition through a Tripadvisor Travellers’ Choice Award, while the Port said its hotels and tourism assets continued to support local jobs and visitor numbers.
The organisation was also recognised as one of the UK’s Best Workplaces for Women, an achievement in a sector that has historically been male dominated.
Profit picture
But the report also shows that, beneath the positive headline figures, the Port faces financial and environmental pressures.
Although turnover increased, operating profit fell from £6.8 million in 2024 to £5.2 million in 2025.
Profit before interest and tax rose to £6.9 million, but that figure was helped by a £1.7 million gain from the revaluation of investment properties.
The Port’s underlying profit measure, which strips out some accounting costs such as depreciation and amortisation, also fell from £11 million to £9.2 million.
That suggests the organisation is still profitable, but facing higher costs and tighter margins despite increased shipping activity.
Borrowing rises
Borrowing also rose sharply during the year.
The report shows total borrowings increased from £17.5 million to £25.2 million, while net debt rose from £15.3 million to £20.7 million.
Much of that increase appears to be linked to long-term capital investment, including marine infrastructure, dock improvements and hospitality assets.
Ports are expensive businesses to run and maintain, and major investment often requires borrowing.
However, because the Port is a trust port with responsibilities to the wider community, the level of borrowing is a legitimate matter for public scrutiny.
The Port says committed financing is in place until 2028 and points to strong operating cash flow and diversified income as evidence of resilience.
Emissions increase
The report also sets out the Port’s sustainability ambitions, including a target to cut total greenhouse gas emissions by 63% by 2035 and reach net zero by or before 2050.
It generated close to five gigawatt hours of renewable energy in 2025, avoiding almost 900 tonnes of carbon dioxide equivalent emissions.
But the report also shows direct emissions increased.
Scope 1 emissions rose from 1,340.39 tonnes of carbon dioxide equivalent in 2024 to 1,578.15 tonnes in 2025, largely due to diesel use.
Carbon intensity also rose from 31.03 to 34.94 tonnes of carbon dioxide equivalent per £1 million of turnover.
The figures underline the challenge facing the Port as it tries to balance growth in marine activity with its environmental ambitions.
Executive pay
Another figure likely to attract attention is senior remuneration.
The annual report shows the highest-paid director received £494,000 in 2025, compared with £271,000 in 2024.
The Port says the figure included a one-off compensatory award following benchmarking of senior executive pay.
There is no suggestion of wrongdoing, and the Port is entitled to argue that a nationally significant energy port requires experienced leadership.
But at a time when many local households and businesses are facing rising costs, executive pay at a trust port is a legitimate public-interest question.
Balanced picture
Overall, the Port of Milford Haven remains one of Pembrokeshire’s most important economic success stories.
The report shows a business that is growing, investing and planning for the future while maintaining a crucial role in UK energy infrastructure.
It also shows an organisation contributing to local skills, tourism, community projects and long-term regeneration.
But the annual report is not simply a success story.
It also shows falling operating profit, rising borrowing, increased direct emissions and a sharp rise in the remuneration of the highest-paid director.
Those issues do not cancel out the Port’s achievements.
But they do matter.
For a trust port serving Pembrokeshire and the wider national interest, scrutiny is not hostility. It is accountability.
Business
Welsh business confidence rises but firms face cost squeeze
PEMBROKESHIRE BUSINESSES WARNED OF PRESSURE FROM FUEL, TRANSPORT AND SUPPLIER COSTS
WELSH business confidence improved in April, but firms are still facing falling orders, job cuts and rising costs, according to the latest NatWest Wales Growth Tracker.
The report, compiled by S&P Global, found that confidence among Welsh businesses picked up from March’s recent low, amid hopes of stronger demand over the coming year.
However, the overall picture remains challenging. The Wales Business Activity Index rose to 47.9 in April, up from 46.2 in March, but remained below the 50 mark which separates growth from contraction.
For Pembrokeshire businesses, particularly those in tourism, hospitality, transport, food, farming supply chains and small-scale manufacturing, the figures point to continued pressure from higher fuel, materials and delivery costs.
The report found that output and new orders were still falling, although at a slower pace than in March. New sales declined for a third month running, with firms blaming weak customer demand and wider economic uncertainty.
Employment also fell sharply. Welsh businesses recorded the steepest drop in workforce numbers of any of the 12 UK nations and regions monitored, with firms cutting staff or not replacing workers who had left.
Cost pressures were a major concern. Operating expenses rose at the fastest rate since November 2022, driven by higher fuel, transportation and supplier costs. Firms increased their own prices in response, but not by enough to fully offset the rise in costs.
Jessica Shipman, Chair of the NatWest Cymru Board, said: “Welsh business confidence ticked higher on hopes of stronger customer demand and planned investment in building resiliency.
“However, we saw contractions in output and new orders soften during April, but underlying business conditions told a challenging tale. A further drop in new sales led to sharper falls in backlogs of work and employment, as firms sought to cut costs and streamline processes.”
She added that pricing remained a key concern, with higher fuel and transport costs putting further pressure on businesses.
The report also found that Welsh export conditions improved only slightly, with weaker performance in Germany and France weighing on the outlook.
For Pembrokeshire, where many businesses rely on seasonal trade, logistics, hospitality and supply chains linked to agriculture, energy and the port economy, the figures suggest that confidence may be recovering, but margins remain under pressure ahead of the summer trading period.
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