blank
Connect with us

Business

Financial support for hospitality businesses announced but traders still in ‘state of anguish’

Published

on

Businesses in Wales still affected by coronavirus restrictions will be able to claim up to £25,000 more in support to help meet ongoing costs, First Minister Mark Drakeford has announced.

However, hospitality businesses have said that there’s still much to be done to save nightclubs and DJ and live music venues from absolute ruin.

The Welsh Government have confirmed up to six people from six different households will be able to meet in indoor regulated settings, such as cafes and pubs, when they open from May 17.

Businesses that stand to benefit from the financial support include:

  • Nightclubs and late entertainment venues
  • Events and conference venues not covered by the Welsh Government’s Cultural Recovery Fund (CRF)
  • Hospitality and leisure businesses, including restaurants, pubs and cafes.
  • Supply chain business, which have been materially impacted by restrictions.

The Welsh Government says this latest support package will help those businesses, which remain affected by restrictions, to meet ongoing costs through to the end of June as they prepare for re-opening and more normal trading conditions.

Advertisement

The announcement comes after 170 hospitality businesses from Swansea and Cardiff wrote an open letter to Welsh First Minister urging action to help night time economy.

‘Unite For The Night’ was formed by Swansea Hospitality Forum and Cardiff Licensees Forum to be a voice for the night time industry as the Welsh Government tackles the Coronavirus pandemic.

Advertisement

The Welsh Government says that ministers have made an immediate decision to release funding to support businesses affected by the restrictions but there will be further decisions for the incoming Welsh Government to make about further support, to help businesses recover and develop when restrictions are relaxed further.

Advertisement

First Minister Mark Drakeford said: “The public health situation continues to improve in Wales – we have the lowest coronavirus rates and the best vaccination rates in the UK.

“We know the restrictions have helped to keep us all safe but they have had a big impact on Welsh businesses, which is why we are making more funding available to support firms and safeguard jobs.

“Eligible businesses will receive support of up to £25k as they prepare to reopen and move towards more normal trading conditions.

Advertisement

“My new government will provide more detail about the extra financial support we will be providing to businesses to help them develop and grow as Wales recovers from the impact of the pandemic.

“As we continue to relax the restrictions, I can confirm that from Monday, up to six people from six different households will be able to meet indoors in regulated settings, such as cafes and pubs.”

Advertisement

Nick Newman from Unite For The Night said: “We recognise and appreciate the First Minister giving more clarity to pubs, restaurants and cafes and pledging more money for them and other night time businesses.

“We are pleased the pressure from our industry on these important matters has been productive. But let’s not be complacent – there’s still much to be done to save nightclubs and DJ and live music venues from absolute ruin.

Advertisement

“These valuable businesses are still wholly in the dark about when they might be able to open again, and whether continued social distancing will be in place, which would effectively ring the death knell for most of them. Our members are in a real state of anguish over their futures and we must re-iterate our calls to the First Minister to make this issue an urgent priority.”

Read Unite For The Night’s open letter to the First Minister here.

Advertisement

An eligibility checker will open on the Business Wales website at midday on 17 May so businesses can find out how much support they are likely to be entitled to and how to apply. Businesses will be able submit applications by the end of the month and they will receive between £2,500 and £25,000 depending on their circumstances. Funding will be calculated based on the size of the business and the type of restrictions they are under.

This support is in addition to the Welsh Government’s £610m non-domestic rates relief which will mean more than 70,000 retail, leisure and hospitality businesses pay no rates in 2021-22.

Advertisement

(Lead image: Swansea Council)


Advertisement

Ammanford

Jenkins family set to grow Capel Hendre business as the UK’s leading manufacturer of chimney cowls and flue systems

Published

on

By

Midtec, one of the UK’s leading manufacturers of chimney cowls and flue systems has completed the construction of 2500 square feet of additional manufacturing space at Capel Hendre Industrial Estate near Ammanford, using a £220,000 loan from the Development Bank of Wales.

Formed in 2003 by Managing Director, Trefor Jenkins, Midtec first benefitted from investment from the Development Bank in 2005.

Advertisement

They have since had several rounds of funding from the Development Bank to support growth plans and the next generation is looking to the future with the new additional space being used to house a state of the art ENSIS laser cutting machine, supplied by Amada.

Trefor said: “The ongoing support of the Development Bank means that we’ve been able to grow the business, drive efficiencies and invest in new market opportunities. We’ve also introduced new products including the MidCat, an innovative solution for reducing the pollution created by wood burning stoves and the only one of its kind in the UK.”

“Our latest investment in our technology means that we can now offer a laser cutting service that will help to improve our quality and production processes and save time on the turnaround of customer orders. We hope that this will play an important part in our future growth. Indeed, our turnover is on target to exceed £2 million this year and I’m delighted that my son Thomas and daughter Hannah are already playing a vital role in the business as we focus on our long-term sustainability.”

Midtec make chimney cowls and flue systems at their Capel Hendre manufacturing base
Midtec make chimney cowls and flue systems at their Capel Hendre manufacturing base

Richard Easton, a Portfolio Executive with the Development Bank, said: “Midtec is a family run and owned business that is known for its high quality and excellent customer service. With our continued support, Trefor, Thomas, Hannah and the team have created a modern manufacturing facility that has a really exciting future ahead.”

The loan came from the £204 million Wales Business Fund which is financed by the European Regional Development Fund and the Welsh Government. Loans, mezzanine finance, and equity investments are available for deals between £50,000 and £2 million with terms ranging from one to seven years for small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

Construction company TRJ of Ammanford carried out the building work, while Jamie Reynolds of Cennen Solutions has also been providing strategic support.

Advertisement
Continue Reading

Business

Award-winning Pembrokeshire pub celebrates ultrafast broadband boost

Published

on

By

An award-winning pub in the heart of Pembrokeshire has been supplied with ultrafast fibre broadband in a move to boost connectivity in the area.

In 2010, Simon Vickers and Sian Mathias took over 300-year-old award-winning pub, The Griffin, moving from the city to their home roots with their two children for a lifestyle change. Accidental Chef, Simon, was also recently named Pub Chef of the Year 2021.

Advertisement

The couple celebrated their new broadband connection last Friday (15th July), which has been supplied courtesy of Broadway Broadband.

They were joined by Pembrokeshire Council members Patrick Hannon and Michael Odlin as well as County Councillor Paul Miller, and members of the Broadway Broadband team.

Broadway Broadband has pledged to connect all 224 properties in Dale Village with ultrafast fibre broadband, in their aim to tackle the digital divide currently affecting remote, hard-to-reach areas of Wales.

The area surrounding The Griffin Inn had previously grappled with poor download speeds of around 5-10Mbps, with Superfast and Ultrafast packages completely unavailable. The package supplied by Broadway offers speeds of 100 Mbps for only £19.99 per month.

The new connection hopes to provide a boost for businesses and residents in the local area, who rely so heavily on the internet for day-to-day activity.

Advertisement
Pembrokeshire Council members Patrick Hannon and Michael Odlin as well as County Councillor Paul Miller, and members of the Broadway Broadband team.

Simon Vickers/Sian Mathias, co-owner of The Griffin Inn, said: “We are over the moon to have now been connected by Broadway to fast broadband! This will bring much needed stability and speed to The Griffin Inn which relies on digital connectivity for almost all aspects of its daily running.

“On top of that, Dale Village is a popular tourist destination for families and water sport enthusiasts, so we hope our broadband upgrade will draw in more tourists looking for a ‘staycation’ holiday.”

Reece Simmons, Wales Regional Manager, Broadway Partners, said: “It has been great to witness first-hand the positive impact superfast, reliable broadband can have on local communities who previously have been disadvantaged by frustratingly slow internet speeds.

“The first connection in Dale Village at The Griffin Inn is a welcome first step in our goal to connect all the properties in the area with affordable, highspeed, reliable broadband and begin to bridge this connectivity gap we see across many rural areas”.

Continue Reading

Business

Aldi retains title of ‘UK’s cheapest supermarket’

Published

on

By

As Brits continue to look for ways to cut household costs, consumer group Which? has yet again named Aldi as the cheapest UK supermarket.

With savings of £12.62 compared to the average Big Four basket, Aldi says its shoppers can be confident they’re getting the best deal.

Advertisement

Which? conducted its monthly Cheapest Supermarket price comparison and looked at the cost of a basket of 47 items, including groceries and household essentials, with Aldi coming in cheapest at just £74.23.

The same shopping cost a whopping £16.91 more at Morrisons and £12.54 more at Tesco.

The independent consumer group’s research also found Aldi to be a massive £25.23 cheaper than the most expensive supermarket, Waitrose, for an equivalent basket of items.

The full results of the research are as follows:

RankRetailerAverage £
1Aldi74.23
2Lidl75.61
3Asda83.22
4Sainsbury’s86.27
5Tesco86.77
6Morrisons91.14
7Ocado95.33
8Waitrose99.46

Julie Ashfield, Managing Director of Buying at Aldi, said: “We know that across the nation many families are finding things tough due to the cost of living crisis. At Aldi, we’re determined to help by keeping costs low and quality high for our customers. We’re thrilled to yet again be named the UK’s cheapest supermarket.”

Advertisement

(Lead image: Aldi)

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2021 Swansea Bay News