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Top story
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Assembly Govt seeks to plug the £2m-£10m gap
The Welsh Assembly Government is looking at ways to stimulate more private sector investment in Welsh companies, particularly at the £2m to £10m investment level. The move, discussed by deputy first minister Ieuan Wyn Jones last night, follows last week’s emphatic referendum vote in favour of enhanced law-making powers for the National Assembly.
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Deals
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Protyre owner buys Harris Brothers
Harris Brothers Tyres in Swansea has been acquired by the Micheldever Group, which includes retailer Protyre.
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Tyzack brings Ikaros to Wales
Serial entrepreneur Richard Tyzack has set up solar energy consultancy Ikaros Solar UK with an investment of £500,000 from Belgium-based distributor Ikaros Solar NV. The joint venture, which will be based at Technium Springboard in Cwmbran, has also been backed by the Welsh Assembly Government through a £500,000 grant from the Single Investment Fund over the next three years.
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TWL calls up telecoms merger
TWL Voice and Data, a Cardiff-based telecoms company, has merged with MJS Communications, the former telecoms division of Freshbaked Business Services Group.
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Companies
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Property and construction
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South Wales running out of top grade offices
Cardiff, Newport and Swansea do not have enough top quality office space, property consultancy King Sturge said this morning. Its South Wales Report found office take-up in Cardiff increased by 12 per cent to 426,000 sq ft last year, but take-up declined in Swansea and Newport which are more reliant on the public sector.
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Asbri submits new Sebastopol plans
Asbri Planning has submitted a refreshed outline planning application for 1,200 units on behalf of the South Sebastopol Consortium for a site between Cwmbran and Pontypool in the Torfaen council area. The consortium includes the Welsh Assembly Government, Barratt Homes and Taylor Wimpey.
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Selco acquires Swansea site for £2.25m
Selco Builders Merchants has acquired a 27,000 sq ft unit on Swansea Enterprise Park for £2.25m.
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Government and politics
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WBEF and HOVIP could continue in other ways
The Assembly Government is working on new ways to continue the work of two initiatives, the Welsh Built Environment Forum and the Heads of the Valleys Innovation Programme, which are likely to be wound up soon.
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People
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Walker joins Glas Cymru board
Glas Cymru, owner of Dwr Cymru Welsh Water, has appointed Anna Walker as a non-executive director of both companies.
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