Business
Ogi secures £45million package to support next stages of growth
Ogi – Wales’s biggest alternative telecoms company – has reached a deal on a new £45million financing package from Cardiff Capital Region (CCR), alongside ongoing equity investment from its principal shareholder, Infracapital, to support the next stages in the company’s growth.
The latest funding package will see Ogi extend its reach in the ten local authority areas that make up CCR (Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Merthyr Tydfil, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen and the Vale of Glamorgan) where it already has an established presence.
An important region economically, CCR also includes Ogi’s multimillion-pound high-capacity network spanning the south Wales trunk road into England. Built to service the growing need for cloud computing, AI and data storage, and serving the fast-growing fintech and creative sectors, among others, the new diverse route also increases Wales’s appeal to datacentre operators, mobile carriers and hyperscalers.
Securing its first round of investment from Infracapital, the infrastructure equity investment arm of M&G plc, Ogi propelled onto the scene in 2021, bringing full fibre connectivity, telephony, and business IT services to underserved communities across Wales, as well boosting the alternative options available in major cities and new and emerging commercial zones too.
The challenger to the incumbent operators has since built a new fibre to the premise [FTTP] network to over 100,000 premises in south Wales, with 1 in 5 of those already signed up as a customer.
With a distinctive Welsh brand, Ogi roots itself in the communities it serves, with a hyperlocal marketing approach backed by an award-winning community engagement programme that’s given thousands back to local groups and charities.
Each ‘full fibre’ community benefits from a capital injection of around £5million, with the long-term economic impact estimated to be worth almost £5 for every £1 invested. The Ogi network uses more sustainable technology compared to traditional copper connections too, helping more people to work from home, reducing the need to commute, and in turn reducing carbon emissions across the region.
Announcing the deal, Ogi’s Chief Executive Officer, Ben Allwright, said: “Right from the start, our ambition has been to become a leading Welsh telecoms company, and the last few years have certainly laid strong foundations for that goal.
“With key strategic sites like Aberthaw to the south and the heads of the valleys to the north, there’s massive potential across the capital region – and partnering with CCR at such an exciting time in their own development is the next logical step for Ogi’s growth in southeast Wales.
“Together with further investment from our principal shareholder, Infracapital, this is yet another endorsement of our mission to make sure no Welsh community gets left behind.
”I’m immensely proud of the work the team at Ogi are doing across Wales, and this news – another leap forward in Ogi’s development – is testament to their commitment to making sure Wales keeps up to speed with the rest of the UK, and the world.”
Chair, Cardiff Capital Region, Councillor Mary Ann Brocklesby, added: “Ogi has taken regeneration to a new level with its initial investment – connecting communities to new possibilities right across the Cardiff Capital Region and beyond. Our investment into Ogi recognises that ongoing commitment to boosting the region, and the work already being done to bring vital connectivity to some of Wales’s biggest towns and villages”.
Ogi was advised on the transaction by Deloitte and CMS Law acted as legal counsel for Ogi and Infracapital.
Previously announced programmes in communities outside of the 10 local authority areas that make up the Cardiff Capital Region – including Pembrokeshire – will continue as planned.
Business
Council denies responsibility for The Range store’s snub of Haverfordwest
THIS week Pembrokeshire County Council has refuted claims circulating on social media that it was responsible for The Range’s decision not to open a store in the former Wilko unit in Haverfordwest.
The rumors, which gained traction on Facebook this week, suggested that the discount retailer pulled out due to issues related to car parking charges in the nearby Perrots Road car park.
A council spokesperson addressed the situation, on Wednesday (Sept 18) telling The Herald: “There is absolutely no truth in the rumour that The Range decided not to take on the former Wilko store in Haverfordwest due to car parking charges in the nearby Perrots Road car park. The Council is unaware of where this rumour has come from.”
This statement comes in response to a flurry of social media activity, where several residents expressed their disappointment and frustration. One user, Stephen Hughes, sparked conversation with a post claiming, “Range wanted to go to Wilko and the council refused free parking at Haverfordwest absolutely shocking.” The post received multiple comments, reflecting the growing frustration among the community.
Chris Wilson said: “The council seemed determined to wreck Haverfordwest,” while Julie McIntosh added, “OMG we will never have them now.”
These sentiments echo a broader dissatisfaction with the current state of the Haverfordwest town centre.
The council, however, has made it clear that The Range’s decision was independent of any car parking policies. “While The Range ultimately decided not to proceed, the Council is currently in detailed discussions with a prospective tenant for the unit and very much hope to have the building brought back into use as soon as possible,” the spokesperson added.
The speculation on social media highlights the ongoing concerns about the town’s retail prospects and the council’s role in facilitating or hindering economic development.
Recent reports indicate that The Range is expanding in the UK, with five new branches opening by Christmas in locations such as Walkden, Cwmbran, Leamington Spa, Chelmsford, and Oswestry.
Additionally, The Range’s parent company, CDS Superstores, has announced plans to reopen up to 300 Wilko stores after acquiring the brand, with five concept stores expected to open by Christmas 2024
Despite Haverfordwest now being off the list, it remains to be seen how the situation will unfold and whether the prospective tenant will bring a new chapter to Haverfordwest’s retail scene.
Business
Recruitment drive for Ledwood as company looks to fill 40 roles
A PEMBROKE DOCK-based engineering, fabrication and construction company is recruiting with up to 40 role available.
Ledwood has launched the recruitment drive as it prepares to scale-up the delivery of key projects throughout the UK.
All required for client projects in the energy production and processing industries are welders, mechanical fitters, pipe fitters, riggers and platers.
Schemes include South Hook and Valero in Pembroke Dock, Hinkley Point C in Somerset, the Fawley TAR turnaround project in Southampton and the VINCI joint venture (EVT) project at Isle of Grain in Kent.
Nick Revell, managing director of Ledwood Mechanical Engineering, said: “With an extensive fabrication facility at Pembroke Dock, we deliver complex engineering projects throughout the UK. Unprecedented demand means that we now have vacancies for both qualified personnel and those looking for apprenticeships. We hope these opportunities will be of interest to those seeking new careers, particularly given the demise of Tata Steel in Port Talbot, and would also like to hear from anyone looking for an apprenticeship.”
Ledwood specialises in the delivery of complex projects in the process and energy sectors.
Business
ECITB welcomes new Chair for the Wales Regional Forum
ALTRAD’S Mark Poole has been appointed Chair of the ECITB Wales Regional Forum and a Council Member after approval by the Board of the Engineering Construction Industry Training Board (ECITB).
Mark, who is Learning and Competence Manager at Altrad, is already a member of the ECITB’s CCNSG Safety Passport Committee and also spent eight years with the industry-led skills body in three different roles between 1998 and 2006.
More recently, Mark has played an instrumental role in creating development pathways at one of the largest employers in the engineering construction industry (ECI), having joined Altrad in 2020.
For example, Mark put in place a supervisory management development pathway for Altrad. He also played a leading role in helping trial and introduce the ECITB’s Work Ready Programme, with Altrad becoming a partner in several locations across the UK to create employment opportunities for new entrants.
He said: “I feel proud and privileged to have been elected by ECITB contractors to represent their interests in Wales. I intend to do my utmost for them.”
Mark’s industry experience spans more than four decades. He started out as a 16-year-old mechanical fitter apprentice, while he achieved his first trainer Level 3 qualification in 1988.
Since the late 1980s, Mark’s career has been rooted in the world of training, including close links to Wales, where he co-founded the Cardiff-based charity TRACK 2000, which provided training for the socially disadvantaged.
During the 1990s, Mark held the role of Training and Enterprise Manager of the Vale of Glamorgan Council and was the vice-chair of the region’s Training Provider Association.
Mark joined the ECITB in 1998 as a Senior Development Advisor within the Product Development Team, where he developed the ECITB’s flagship Supervisory Management Training & Development (SMTD) programme.
He went on to become Head of Partnering and Funding, creating the UK-wide initiative ‘Ambition Energy – Engineering Construction’, and then Regional Operations Manager with responsibility for Wales, the Midlands, South West, South Coast, London Head Offices, East of England and Southern North Sea.
From 2006 to 2020, Mark was founding Managing Director of Phoenix Training Solutions, a leading training provider of the ECITB. During this time, Mark developed numerous ECITB national courses and assessment tests, such as IOSH Engineering Construction.
Mark was also a leading safety training consultant for the governments of Dubai and Abu Dhabi, whilst his company was a preferred training provider on Hinkley Point C (HPC) for IOSH Construction and ILM Nuclear Safety Culture training; both courses Mark had developed.
Now with Altrad, Mark has taken on operational training management for Altrad’s Wales and Southern region.
He added: “Whilst at the ECITB, I directly influenced regionalisation and the establishment of regional fora and chairs.
“Put simply, the ECITB has become part of my professional DNA since 1998 and I feel a sense of loyalty to the team it employs and contractor community it is there to serve.
“Having the experience from within the ECITB, externally as a leading training provider and now within the industry’s largest engineering services contractor, I will have a lot to bring to the table for the wider benefit of all within the region.”
ECITB Chief Executive Andrew Hockey says the link to industry – through the ECITB’s Board, Council and regional fora – ensures the organisation fully understands the needs of employers in the ECI.
He said: “Our regional fora bring industry expertise to our work while helping us forge better connections in the ECI across the regions.
“Mark’s industry experience will be invaluable in identifying and addressing skills needs in Wales and driving our work forward in the region.”
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