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Business

New drive supports women entrepreneurs

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ECONOMY MINISTER, Ken Skates is calling on the business community to support a new initiative aimed at increasing the number of women entrepreneurs in Wales and providing them with the best possible support.

The Welsh Government’s new Supporting Entrepreneurial Women programme was informed by the work of a panel of experts, convened in 2017 to consider how best to encourage, develop and support female entrepreneurship in Wales.

The panel, chaired by Helen Walbey, considered an array of academic evidence and literature on women in entrepreneurship, spoke to a range of businesswomen, representative groups and partner bodies, and aligned its work with the principles of the Massachusetts Institute of Technology’s Regional Entrepreneurship Acceleration Programme which is championed by Be the Spark in Wales.

The result is a new Framework for Supporting Entrepreneurial Women in Wales and a Good Practice Guide to inform how the Welsh Government and business community works to drive the number of women entrepreneurs in Wales.

The Welsh Government have also responded by publishing the Business Wales Action Plan which identifies 10 specific ways in which the Welsh Government and business community can improve. From providing more gender focussed business support and confidence building, increasing the number of female business advisors and mentors in Wales and promoting the career successes of prominent female entrepreneurs including through business awards, the action plan aims to create the right environment in which female entrepreneurs can prosper.

There is also renewed focus on engagement with women entrepreneurs to understand the barriers they face, improved availability of finance options with no restrictions that unfairly affect women, and a Good Practice Guide that encourages business support organisations to adopt ways of working that support female Entrepreneurship.

The Economy Minister launched the Framework, Good Practice Guide and the Action Plan at a celebratory event in Capital Law. This will be followed by regional events, jointly organised by the Welsh Government and Lloyds Bank, to ensure that business groups right across Wales are aware of the new resources and their role in supporting female entrepreneurship.

The Economy Minister said: “The underrepresentation of women both as business owners and at a senior executive level is well evidenced and there is no doubt the gender gap is hindering women from achieving their full economic and personal potential.

“Our Economic Action Plan focuses on creating the right environment to enable entrepreneurs to prosper and grow and obviously this must apply to women, just as much as men.

“The work undertaken by the panel of experts recognised the progress that we as the Welsh Government and business representative groups have made in recent years in supporting female entrepreneurship – but the message is clear. We must do more, and with Brexit presenting challenges of an unprecedented scale, now more than ever we need our best talent around the table.

“I call on the business community and financial institutions to work with us to adopt a more gender focussed approach to their work. I hope they will use our new Framework and Good Practice Guide to ensure they play their part in building an environment where women entrepreneurs are encouraged and properly supported to reach their full potential.“

Jane Hutt, Deputy Minister and Chief Whip said: “All women should be given equal opportunities and representation at the most senior level. Helping to understand and remove barriers that women face in entrepreneurial opportunities will support the potential growth of women in business. Through this support, we hope women will be more fairly represented and can flourish in the business sector.

“Although, there is still so much more we can do to achieve better gender equality, this initiative will help women to achieve their full potential and to move away from the underrepresentation of women at senior roles.”

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Business

The Range’s Swansea Store Shortlisted for ‘Best Christmas Display’

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Christmas has arrived early for The Range stores in Wales, boasting gigantic displays of all-things festive! The Range is well known for going all out during the Christmas season to create a fun and magical experience full of trees, lights, decorations and much more for their customers to enjoy and this year is no exception. The Range in Swansea surpassed expectations with a display so great, it’s left them shortlisted for ‘Best Christmas Display’ out of all The Range’s 182 stores.

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Business

Swansea Building Society unveils bespoke mortgage product for medical professionals

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Following extensive consultation with mortgage brokers and customers, Swansea Building Society has unveiled a new mortgage product specifically designed to offer medical professionals enhanced terms and a better deal.

The Medical Professional Mortgage Product is designed specifically for cases where the applicant, or one of the applicants in the case of a joint mortgage, is a medical doctor, surgeon or dentist. They might be looking to purchase a property, re-mortgage from another lender, or raise capital against equity in a property.

This new product also allows customers to borrow a higher amount against their income compared with standard mortgage products, subject to meeting affordability rules. Sole customers will be able to borrow up to 5.5 times their sole income (the standard criteria is a multiple of 4.5) while joint customers will be able to borrow up to 5.0 times their joint income (the standard criteria is a multiple of 3.5).

The new product was made available to customers from October 1, 2020.

Alun Williams, chief executive of Swansea Building Society, said:

“We are constantly reviewing what we do based on feedback from customers, brokers and our wider analysis of the mortgage landscape to ensure we are competitive where relevant in the current market.

“In this case, we wanted to develop a product that would reflect the current and future earnings potential of some of our clients who work in the medical profession. We are delighted to be able to roll this product out; we have already had very good feedback from our network of brokers.”

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Business

Simon Mayo to join Swansea local radio

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BAUER MEDIA is proud to today detail a new local initiative that Greatest Hits Radio and The Wave will launch within Swansea and South Wales aimed at helping local workers, charities and businesses as they deal with the economic impact of the Covid-19 pandemic.
Swansea Sound will lead the ‘Getting You Back to Work’ campaign, as it relaunches as Greatest Hits Radioin September. The scheme, which will also run across sister station The Wave, aims to promote local job opportunities both on-air and online. Local employers will be encouraged to submit vacancies for inclusion, allowing them to reach a wide audience of local job-seekers free of charge. Job vacancy bulletins will be broadcast four times a day to local audiences and will be promoted on the relevant Greatest Hits Radio and The Wave websites.
As Swansea Sound gets set to join the Greatest Hits Radio Network, it is also announced today that it will welcome esteemed broadcaster Simon Mayo to its line-up. The former BBC Radio 2 host currently hosts a daytime programme on Greatest Hits Radio’s classical sister station, Scala Radio. However, with this move he’ll be returning to his popular music roots as he presents a new weekend show. ‘The Album Show with Simon Mayo’ will be a weekly three-hour programme dedicated to the greatest albums of all time, including features that explore listeners’ record collections and a weekly Classic Album Countdown. This show aims to celebrate the good times and great memories albums bring as Simon plays their Greatest Hits.
Greatest Hits Radio, which will officially launch across Swansea and South Wales on 1st September, offers listeners the biggest songs of the 70s, 80s and 90s, celebrating music from iconic artists like Blondie, Queen, George Michael, Madonna, Fleetwood Mac, David Bowie, Elton John and Whitney Houston. The station’s presenters will include a local weekday line-up as well as legendary broadcaster’s Mark Goodier, Paul Gambaccini, Simon Mayo, Janice Long and Pat Sharp on weekends.
Online applications for the ‘Getting You Back to Work’ campaign will open on the 1st September 2020. Employers looking to participate should email jobs@greatesthitsradio.co.ukfor more information on how to apply.
Graham Bryce, Group Managing Director – Hits Radio Network Brand,said, “As we look to the future, we’re very excited to add Simon Mayo to our weekend line-up. Simon’s track record speaks for itself and to have someone of his experience and status join the network adds a new dimension to the Greatest Hits presenter line-up.
“Alongside this, our stations continue to be committed to the local community and we’re proud to launch this initiative to provide a valuable boost at a time of great uncertainty and hardship. We know the pandemic has hit communities across the UK hard, and we want to use our privileged position to promote opportunities.”

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