|
Top story
|
Jones replaces grants with loans in recovery plan
Business grants will replaced with loans, more investment in infrastructure and a focus on six industry sectors in the Assembly Government’s new economic renewal plan. Deputy first minister Ieuan Wyn Jones unveiled the changes which will mean an end to International Business Wales for inward investment, the Flexible Support for Business advice brand, and the Strategic Investment Fund.
|
|
Deals
|
Celtic Manor buys Newbridge inn
The Celtic Manor Resort, due to host the Ryder Cup in October, has acquired the nearby Newbridge on Usk inn from a partnership which included Radio 2 presenter Chris Evans.
|
WestBridge gets first £10m-plus
WestBridge Fund Managers, the investment house based in Cardiff, has raised over £10m in the first stage of its SME Fund which will invest in growing companies.
|
Barclays backing transforms Wiltan
Barclays has backed a management buyout at Wiltan, a Pontypool company which makes parts for electrical transformers.
|
Media firms merge
Push4, the events and communications company based in Barry, and Greenfield Media, the Cardiff media agency, are to merge.
|
|
Today's news
|
Welcome to your new Insider newsletter
From today, Wales Business Insider aims to bring you more up-to-date business and public sector news with two bulletins a week.
|
|
Property and construction
|
CCS McLays takes Blackwood unit
Hawtin, the Cardiff-based property investment company, has finalised a lease on Unit 2, Blackwood Industrial Park with CCS McLays, reducing the company’s void space to just 12 per cent.
|
|
Government and politics
|
Government policies "hindering housing" says Principality boss
Peter Griffiths, chief executive of the Principality Building Society, has warned policymakers that efforts to provide more homes are being hampered by contradictory government policies.
|
|
People
|
Ragan to chair gift company
Paul Ragan, the serial entrepreneur and former Protectagroup chief executive, is to be non-executive chairman of Timto, which provides an online gift service for children’s birthdays.
|
