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Swansea Building Society appoints new Finance Director

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SWANSEA BUILDING SOCIETY has recently appointed a new Finance Director. Nathan Griffiths from Swansea has been appointed at the Society’s head office in Cradock Street, Swansea.

A Chartered Accountant, Griffiths has an impressive background in financial services having spent eight years at Deloitte specialising in providing advisory and assurance services to building societies and retail banks across the UK. Upon leaving Deloitte as a senior manager, Griffiths joined Monmouthshire Building Society where he has spent the last four years as Financial Controller.

Griffiths joins Swansea Building Society during a time of prosperity. The Society reached record-breaking highs in terms of its total assets, mortgage and savings balances in 2018, when it celebrated the largest single year of growth on both sides of its Balance Sheet in the Society’s history.

The Society remains one of the few financial institutions in the UK that has no wholesale funding or support from the Bank of England in the form of cheap funding. Its Balance Sheet is funded entirely by customer savings balances and its own capital reserves built up from retained profits over many years.

Alun Williams, Chief Executive of Swansea Building Society, said: “We are thrilled to welcome Nathan to Swansea Building Society during such a prosperous time. His impressive financial background and experience within the building society sector makes him a solid asset to the Society. We look forward to working with Nathan and have no doubt he will provide a valuable contribution to the Society, which will enhance our dedication to offering our members an outstanding personalised service.”

Nathan Griffiths, newly appointed Finance Director at Swansea Building Society, added: “I am delighted to be joining Swansea Building Society at such an exciting time in its history. The Society has achieved unprecedented levels of success in recent years. Being born and brought up in Swansea, I am really excited to be bringing my experience within the building society and banking sectors to my local Society and working with the team to contribute to the Society’s future success.”

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Business

West Wales groups shortlisted for housebuilder’s £1m prize fund

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REGIONAL housebuilder Persimmon Homes West Wales has shortlisted three groups supporting under-18s to go forward for a chance to win up to £100,000 through its Building Futures campaign.

The groups have been selected from three categories targeting grassroots sports groups, health organisations and arts & education projects.

Penclawdd Junior Band will represent the arts & education category at the national final, Haverfordwest Swimming Club has been selected to represent sport and Paul Sartori House health.

Penclawdd Junior Band wants the money to completely renovate its band room in Gower Village to make it a state-of-the-art venue for people to learn musical skills.

Haverfordwest Swimming Club, meanwhile, would to invest in coaching courses for its young members, as well as swimming hats to celebrate the club’s 50th anniversary.

And Paul Sartori Hospice at Home, which has been serving Pembrokeshire for more than 36 years, needs the money to continue its counselling services for young people who have suffered bereavement.

Building Futures is being delivered through the Persimmon Charitable Foundation, which last year donated £620,000 to support children’s sport. 

Through Building Futures, a total of 128 grants of £1,000 have been awarded across Persimmon’s 31 regional businesses and its head office this year.

Persimmon Homes is an official partner of Team GB and the Persimmon Charitable Commission enlisted the help of medallists Kat Copeland and Callum Skinner to help determine the three regional finalists for each business division.

One initiative from each category will go on to win £100,000 each through a national award scheme to be decided by a public vote.

As well as the £100,000 first prize, there will be a £50,000 second prize and a £20,000 third prize in each sector, while a further 87 shortlisted projects will each receive £5,000.

Online voting will open on July 23 and run until midnight on September 27. The winners will be announced at a gala dinner at York Racecourse on Tuesday, October 8.

Andy Edwards, managing director of Persimmon Homes West Wales, said: “Building Futures aims to create a lasting legacy for young people and the groups that support them.

“We have been overwhelmed by the response and it is clear there are a lot of very worthy causes supporting the younger generation and a lot of people working exceptionally hard to help them.

“We wish all three of our regional finalists the very best of luck and would urge people to show their support by voting for them at www.persimmonhomes.com/building-futures/ .”

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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

Local companies aim for export boost

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LOCAL food and drink companies are preparing to attend one of the world’s largest food trade events in Dubai, United Arab Emirates, from 17-21 February. Held at the Dubai World Trade Centre, Gulfood will attract over 98,000 visitors over the five days, welcoming more than 5,000 exhibitors from 193 countries showcasing products across 8 primary market sectors.

Supported by the Welsh Government, 14 Welsh companies from across the food and drink sector in Wales will be present under the Cymru/Wales banner all looking to promote their products and increase their export markets.

The Welsh companies exhibiting include Llaeth y Llan/Village Dairy, Rachel’s, Dairy Partners Ltd, Daioni Organic, Fayrefield Foods Ltd, Calon Wen Organic Dairy, The Lobster Pot, Ty Nant Spring Water, Euro Foods Group UK, Prima Foods UK Ltd. Alongside these, representatives from Castle Dairies Ltd, Hybu Cig Cymru/Meat Promotions Wales, Dunbia and Village Bakery Ltd will also form part of the Export Visit.

Lesley Griffiths, Minister for Environment, Energy and Rural Affairs, believes that it is vital for the industry to take advantage of such opportunities to continue to develop global markets: “Our food and drink sector is one we can rightly be proud of and we need to ensure that everybody knows about it. It is important that we maintain our visibility and showcase our innovative products at key global trade events.

“We are committed to supporting Welsh businesses having a presence at events such as Gulfood, as it is crucial in giving ourselves a strong platform to sell Welsh produce around the world. With Brexit approaching it is more important than ever that we champion Welsh produce and support food and drink businesses in every way we can. We need to help them build relationships with businesses in their sector so they can learn about new technologies, explore foreign markets and be competitive in their industry.”

A company looking to make an impact and will be introducing their Afternoon Tea range at Gulfood is Llanelli’s Prima Foods.

Their classic British gluten-free afternoon tea range features both mixes and ready to bake goods, to include Scones, Choux Pastry and Belgian Chocolate Brownies.

Massimo Bishop-Scott, Head of Innovation at Prima Foods said: “Afternoon teas have seen a bit of a resurgence and are an incredibly popular menu offering. They attract consumers outside the normal lunchtime/dinner eating occasions which provide incremental revenue for restaurants and hotels.

“We spotted that there was a gap for great tasting gluten-free offerings on the afternoon tea menu and set about making products that tasted just as good as the gluten-containing equivalent. A number of our customers in the UK have been so impressed with the taste and texture of our products that they have replaced their existing gluten containing range with our Chefs Promise range.”

One company looking to build on its existing links with the UAE is leading organic milk producer Daioni Organic from Boncath.

In June 2018, they began working with Truebell, their exclusive distributor to the UAE and have launched into Carrefour and Choithrams with other retailers to follow throughout 2019.

In 2018, Daioni launched a new iced coffee latte which they will be presenting at Gulfood for the first time this year.

Chief Operations Officer at Daioni Organic, Daniel Jones said: “We have seen high growth in the overseas markets in the past couple of years, particularly from the Middle East and Asia. We see this expansion as well as our presence at Gulfood, as a great opportunity to enter growing markets and to invest in our existing relationships.”

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