Tag Archives: Chambers Wales South East South West and Mid

Awards, Business

Wales Business Awards 2025 finalists announced

Chambers Wales South East, South West and Mid has today announced the finalists for the Wales Business Awards 2025.

Businesses of all sizes and from all sectors across Wales entered to be in with a chance of winning a prestigious accolade, with 50 companies named as finalists across 12 categories.

Pontyclun-based manufacturer Concrete Canvas Ltd leads the nominations with appearances on the shortlists for four categories: Global Business of the Year, Green Business Award, Manufacturer of the Year and SME Exporter of the Year.

Bridgend’s KYMCO UK Ltd, Caerphilly’s ISCA UK Ltd, Cardiff firms Blake Morgan LLP, Cavefish and GCRS Global, Swansea manufacturer Viscose Closures and south-east Wales-based Safran Seats also feature among the list of finalists.

The winners will be revealed at the awards ceremony, hosted by broadcaster Andrea Byrne and sponsored by Bevan Buckland LLP, on 12 June at Holland House Hotel, Cardiff. One finalist will also be awarded ‘Wales Business of the Year’ during the ceremony.

Gus Williams, interim CEO of Chambers Wales South East, South West and Mid, said: “The Wales Business Awards are an exciting showcase for the successes and achievements of the very best of Welsh business. We were thrilled to have received hundreds of fantastic entries this year, highlighting the innovation, creativity and ambitions of companies across the country.

“We are looking forward to celebrating our incredible finalists at our ceremony in June, together with members of the Welsh business community, distinguished dignitaries and ministers including Secretary of State for Wales, the Rt Hon Jo Stevens MP.”

Tickets for the ceremony can be booked by visiting https://my.cw-seswm.com/calendar_detail.html?eid=5EB128EB-A7B6-4D4C-A630-E2284D754DEF.

Business, Economy & Jobs News, UK, USA, Wales

Tariffs announced by US

David Peña, Director of International Trade at Chambers Wales South East, South West and Mid, said:

“Tariffs and other trade barriers have historically shown their inefficacy when it comes to fostering long-term economic growth and competitiveness of products and businesses.

“Increased levels of uncertainty paired with slow economic growth paint a grim picture for Welsh businesses, all while inflationary pressures are still present. The effect of increased global tariffs will be impacting all sectors: from exporters seeing their products becoming less competitive overseas, to importers seeing their supply chains impacted, to final consumers on all receiving ends.

“We expect our politicians to keep dialogue channels open and arrive to satisfactory agreements. Tariffs and trade barriers that are raised can also be taken down.

“Chambers Wales South East, South West and Mid stands ready to support businesses in Wales through market turbulences and will always work with partners and stakeholders to find alternative and innovative ways to keep trade flowing. We stand for trade, commerce and economic growth.”

Business

Chamber introduces Ogi as latest corporate partner

Chambers Wales South East, South West and Mid has announced Welsh telecoms provider, Ogi, as its newest corporate partner, strengthening both organisations’ commitment to driving business growth across the region.

As one of Wales’ most trusted B2B connectivity partners, Ogi is delivering full fibre broadband side-by-side with business-critical digital solutions to companies of all sizes through its ‘Pro’ suite of services.

The dedicated business services include voice-over-internet services (VoIP), managed wifi, Microsoft licensing, security solutions and firewall deployment, all designed to help businesses thrive in an increasingly digital-first world.

Through this strategic partnership, Ogi will extend its reach, empowering businesses with faster, more resilient connectivity while supporting the Chamber’s mission to elevate Welsh enterprise.

As one of the group’s corporate partners, Ogi will gain access to high-value networking opportunities, industry insights and exclusive events, further embedding itself at the heart of Wales’ business ecosystem.

Commenting on the new partnership, Ogi’s Director of Business Sales, Andy Dow, said: “At Ogi, we believe in the power of connectivity to transform businesses, communities, and economies. As a proudly Welsh telco, we know that digital infrastructure is the backbone of modern business, and this partnership with Chambers Wales allows us to support even more enterprises in unlocking their full potential.

“Beyond fast, reliable broadband, we are committed to sustainability and inclusive growth, making sure businesses across Wales can thrive in a responsible, future-focused way. We’re excited to work alongside the Chamber to help Welsh businesses compete on a national and international stage.”

Beyond connectivity, Ogi is leading the way in environmental, social and governance (ESG) best practices. From its commitment to sustainable infrastructure and community investment to its role in bridging the digital divide across Wales, Ogi’s impact extends well beyond broadband. As a responsible business, it is actively working towards a greener, more connected future by integrating strong company values into its operations and supply chain.

Penny Lock, the Chamber’s Director of Partnerships and Business Development, said: “We are thrilled to be welcoming Ogi to the Chamber as a corporate partner. By providing them with exclusive access to our networks and events, they can continue to provide world-class broadband services to our local businesses and champion digital connectivity through collaboration.”

Accountancy & Accounts, Business, FInance, Finance and Banking, Finance News

Inflation rises to 3%

Gus Williams, interim CEO at Chambers Wales South East, South West and Mid, said:

“Today’s announcement that inflation has risen to 3%, its highest level in 10 months, will not be the news businesses were hoping for, but is in line with my view that some inflation projections are overly optimistic.

“The rate, combined with wage inflation figures, highlights the inflationary pressures in the economy and the challenges facing businesses. Although we expect interest rates to come down, there is not a clear path as to how quickly they will reduce and businesses should be cautious about relying on optimistic forecasts.

“While over a third (36%) of businesses in Wales cited inflation as a concern in our Quarterly Economic Survey for Q4 2024, 78% were concerned by taxation. Within the next few months, businesses will be facing rises in employer national insurance contributions and the National Minimum Wage, significant labour costs which could fuel inflation to rise further.

“Businesses will be following upcoming announcements and fiscal events with the hope that cost pressures can be eased, enabling them to plan, invest, recruit and trade with more confidence.”

Business

Chamber announces new corporate partner

Chambers Wales South East, South West and Mid has announced UK Analytics as a new corporate partner.

UK Analytics is a leading provider of carbon management solutions and has elevated its membership with the Chamber to partnership status.

This significant development sees the firm become part of an exclusive group that shares a special relationship with the Chamber, underscoring the company’s commitment to fostering strong relationships within the business community.

Through its partnership, UK Analytics aims to leverage the Chamber’s extensive network and resources to drive innovation and growth in carbon management, as well as promote sustainable business practices and contribute to the region’s environmental goals.

As a partner, UK Analytics will have access to a broader range of services and opportunities offered by Chambers Wales. This includes participation in exclusive events, networking opportunities, and access to valuable business insights, enabling the firm to further enhance its services and support its clients.

The Chamber has been instrumental in supporting UK Analytics’ mission to help Welsh businesses decarbonise, providing valuable networking opportunities to connect with potential clients and partners within the Welsh business community.

David James, Managing Partner at UK Analytics, said: “This partnership marks a new chapter for UK Analytics, opening doors to new collaborations and growth opportunities. As we continue to expand our reach and impact, we remain dedicated to providing top-tier carbon management solutions and driving positive change in the business community. The elevation to partnership status is a significant milestone that reflects our dedication to sustainability, innovation, and collaboration, and will pave the way for future success and contribution to the region’s sustainable development goals.

“Chambers Wales has played a key role in helping UK Analytics to succeed. The access to expert advice, workshops, and events on sustainability and net-zero strategies has enhanced our knowledge and service offerings, and the advocacy efforts ensure that the voice of SMEs like ours is heard in policy discussions to support businesses pursuing decarbonisation. This combined support has significantly amplified our impact on Wales’ net-zero journey.”

Penny Lock, the Chamber’s Director of Partnerships and Business Development, said: “We are delighted that UK Analytics have chosen to upgrade their membership and become a corporate partner. By providing them with exclusive access to our networks and events, they can continue to promote their sustainable business practices and bring instrumental benefits to the region in driving innovation in carbon management.”

Awards, Business

Prestigious awards announce new categories as entries open

Today (24 January), Chambers Wales South East, South West and Mid has opened entries for the highly anticipated Wales Business Awards 2025.

The awards, organised by the Chamber, provide businesses across the country with the opportunity to compete for Wales’ most prestigious accolades.

There are 12 revamped categories for businesses to enter this year, with new categories including ‘Apprenticeship Scheme of the Year’, ‘Emerging Exporter of the Year’, ‘Manufacturer of the Year’ and ‘Professional Services Firm of the Year’.

The Chamber will also present the ‘Wales Business of the Year’ award at the ceremony hosted by Andrea Byrne on 12 June at Mercure Cardiff Holland House. Previous winners of the award include BCB International, CellPath Ltd, Concrete Canvas Ltd, Euroclad Group Ltd, Metrology Engineering Services and Penderyn Distillery.

The application process has opened today and will close on 7 March 2025. The awards are open to both Chamber members and non-members across Wales and entries can be submitted by completing an application form.

Gus Williams, interim CEO of Chambers Wales South East, South West and Mid, said: “The Wales Business Awards celebrate the innovation, resilience and ambition of businesses across Wales. They are a vital platform to showcase the remarkable talent driving our economy forward and to inspire others to reach new heights.

“We are excited to introduce new and improved categories this year which reflect the makeup of our membership and the Welsh business community, and their approaches to business. We look forward to learning more about their successes and celebrating their achievements together.”

Entries can now be submitted at https://cw-seswm.com/events/wales-business-awards-2025/

Business, Events, International News

Chamber welcomes trade delegation from Jordan

Chambers Wales South East, South West and Mid has today (22 November) hosted a trade visit in south Wales for a delegation from the Hashemite Kingdom of Jordan.

The visit aimed to strengthen and develop business relations between Welsh and Jordanian companies, with a view to increasing awareness of trade and investment opportunities in both countries.

Hosted primarily at Hodge House with support from Ogi and Veezu, Chamber members and partners had the opportunity to network with the delegation and hear from Assadaqaat Community Finance, Bute Energy Wales, and Genletics. In the afternoon, the delegation and guests toured manufacturer HWM-Global’s factory in Cwmbran.

During the visit, a memorandum of understanding (MOU) was signed by the Chamber and Jordanian Businessmen Association (JBA) to establish the Jordanian-Wales Business Council. The agreement promotes relationships and cooperation between the business communities of both countries interested in increasing trade and economic activities.

David Peña, International Trade Manager at Chambers Wales South East, South West and Mid, said: “We are pleased to have signed a memorandum of understanding with JBA. This marks the start of a close working relationship between the Chamber and JBA, helping to facilitate trade and knowledge transfer between our member businesses.”

Gus Williams, the Chamber’s interim CEO, said: “Wales has played a significant role in global trade historically and has huge potential in building on our successes in advanced manufacturing, life sciences and of course industrial decarbonisation with our huge renewable energy potential.

“There are so many exciting opportunities ahead for the Welsh economy, and it is important that businesses are open to sharing their passion and knowledge through collaboration. Today’s visit and MOU signing strengthens ties between Welsh and Jordanian businesses which will enable us to work together on identifying new opportunities.”

Abdulrahman Abutair, JBA board member and head of the Jordanian delegation, said: “Today’s visit highlights the strategic importance of deepening economic ties between Wales and Jordan and the importance of exchanging expertise between the private sectors of both countries.

“Jordan is a vital gateway for investment and trade in the Middle East, offering attractive opportunities in sectors such as renewable energy, technology and tourism, which are supported by legislation and incentives to encourage foreign investment. We invite Welsh business leaders to visit our country and explore its investment landscape for themselves.”

Business, Business Advice, Business Finance, Economy & Jobs News, Politics

The Budget – key next steps for businesses

Gus Williams, interim CEO at Chambers Wales South East, South West and Mid, shares the key next steps for businesses in Wales following the Autumn Budget.

 

National Insurance and National Minimum Wage increases

“Businesses should look at their budget planning for next year and cashflow forecasts. Both of these increases will impact the next round of staff wage increases and the increases to National Minimum Wage don’t just impact those at the bottom, but put upward pressure on those above. Getting this right can take time and require a few rounds of review and revision to get right and ensure all the potential knock on impacts are carefully considered. Businesses will need to consider the impact of these increases to pricing, cashflow and working capital.”

 

Employee Rights Bill

“Although we don’t have fixed dates yet, businesses with staff currently on zero hours contracts may want to include this consideration in their planning for next year and think about the impact of those staff who are able and want to move onto fixed contracts.  Both the tax and National Minimum Wage increases along with the proposed Employee Rights Bill will have impact on future staff planning and recruitment.”

 

Business owners considering selling or retiring

“The increases to Business Asset Disposal start from 5 April 2025, so those business owners already thinking about exiting may wish to consider the impact on their timeline.”

 

Businesses looking to acquire

“As above, the changes in Business Asset Disposal Relief in 2025 may provide an immediate opportunity to look at potential acquisitions you would like to make.”

 

Capital Allowances

“Capital Allowances are set to remain in place as they are. Those businesses who were concerned about certainty can now act and plan with confidence that the rules should remain the same for the foreseeable future.”

 

Inheritance Tax, business property relief and Business Asset Disposal Relief changes

“A common issue we see is business owners leaving it too late to plan effectively for retirement or exit in a way that maximises the value of their business or meets all of their retirement and exit objectives. Achieving this can require several years of planning to align the short-term and long-term business and financial objectives. Ensuring you plan further ahead can help minimise the impact and risks of tax changes.”

 

The government’s growth strategy

“The Budget identified important sectors that the government will be looking to support with specific initiatives. Businesses operating in these sectors may want to keep an eye out for further announcements and engage in any consultations. The Chambers will of course be contributing and help facilitate these. The sectors identified are:

  1. advanced manufacturing
  2. clean energy industries
  3. creative industries
  4. defence
  5. digital and technologies
  6. financial services
  7. life sciences
  8. professional and business services”

 

The industrial strategy can be found on the government’s website.

 

Farmers

“Generational small farmers will feel particularly aggrieved by the changes to agricultural land relief for Inheritance Tax and some intense lobbying will be taking place before these come into effect. Whether that lobbying will have any impact we will wait and see. As with the changes to business property relief, farmers will need to consider their succession planning and seek advice to ensure they have a workable plan in place that meets their objectives.”

Wales-specific impacts

“The increases to funding for the Welsh Government will be rolled into the next Welsh Government budget planning this December. Support for business will be a part of those discussions, and the Chamber will continue to be a voice for members and businesses as a part of the Welsh Government budget planning process.”

Business, Economy & Jobs News

Chambers Wales South East, South West and Mid comment on Autumn Budget

Gus Williams, interim CEO at Chambers Wales South East, South West and Mid, said:

“This was always going to be a difficult budget. The headlines are going to be the £40bn increase in taxes which was inevitable given pressures caused by demographics – an ageing population – increasing numbers of people not participating in the workforce, and the need for long term public investment.

“The approach has been to try and spread the additional tax burden as widely as possible without touching income tax or VAT, focusing on those taxes that provide most certainty that the rises will increase the tax take in the short term. This means changes to Employers NI, inheritance tax, agricultural and business disposal relief, Capital Gains Tax, second home stamp duty, abolition of the non-dom regime, air passenger duty, tax on vapes, VAT on private schools.

“Changes to Employer NI, just increasing the rate to 15% and reducing the threshold from £9,000 to £5,000 rather than including pension contributions means a slightly lower rise in Employers NI than had been flagged, and makes sense as it retains the pension contribution incentive. But it will be a burden to businesses, particularly in some sectors where wages are at the lower end and where staffing costs are a high proportion of overall costs.

“The increase in the National Minimum Wage and increases to Employers NI will undoubtedly squeeze small business margins, and small business will want to see evidence of government investment, and other initiatives that grow the economy and increase opportunities to counter this squeeze on margins – or the cost pressure on small business could have consequences on hiring and investment.

 

“Some will be upset about the increases in Capital Gains, but it is worth noting that the rises in CGT broadly take us back to where they used to be, there are various exemptions and rules which we will need to look into before providing a full assessment.

“Freezes on small business rates and reductions for the hospitality and leisure sectors are something the Chambers of Commerce lobbied hard for, and are welcome.  The infrastructure investment plans appear sensible, well thought out and achievable rather than just aspirational.  The reduction in draft alcohol duty is welcome news for pubs.

“Changes to inheritance tax for agricultural and business property will impact succession and tax planning for a number of small business owners, and it is important that all small business owners make sure they have a succession or exit plan in place.

“The slight of hand in all this is that a lot was made of personal allowances increasing in 2028 – it’s currently 2024.  The ongoing freeze in personal allowances until 2028 combined with the national minimum wage increases will push more tax revenues into the Treasury, and this is probably where a significant chunk of the additional tax take will over the course of this parliament will actually come from.

“The real test will be whether the government can deliver efficiently on its investment plans, makes the right decisions on capital spending, can deliver genuine reform to the planning system, and can tackle the impact of those not working and particularly not working due to long term sickness.”

Business, Wales

Chamber appoints new CEO with commitment to further growing its business support

Chambers Wales South East, South West and Mid has appointed Gus Williams as its interim CEO.

The appointment comes as the Chamber seeks to underpin and further develop its commitment of high quality business support services for its partners and members.

To drive the Chamber’s mission to promote, connect, support and inform businesses in Wales, Gus and the senior team will particularly focus on services such as key events, international documentation, property support and the highly anticipated annual Wales Business Awards in 2025.

Gus is the CEO of leading Welsh chartered accountancy firm Bevan Buckland, and will continue in that role alongside his role at the Chamber. Gus has a background in international banking prior to joining Bevan Buckland and is passionate about supporting Welsh business.

This appointment follows the recent strengthening of the Chamber’s trade team which saw David Peña join as International Trade Manager to assist members, partners and businesses in Wales with their exporting and importing needs.

Gus Williams, interim CEO at Chambers Wales South East, South West and Mid, said: “Chambers Wales continues to be more than just a business support organisation; it’s a leading voice for business in Wales, playing a vital role in supporting people within our member and partner businesses.

“Its international network also makes it uniquely positioned to bring Wales to the world, and the world to Wales.

“The key pillars of our support are around our events, which continue to prove extremely popular, international trade support, and of course, our flagship awards. Each of these help to enable people to connect and work together regionally, nationally or internationally.

“I am excited to lead the Chamber in its next chapter, and work with the team to use our network and expertise to support businesses in Wales through both good and challenging times as businesses respond to a range of legislative changes, and announcements expected from the Chancellor in Wednesday’s Budget.”

Penny Lock, the Chamber’s Director of Partnerships, said: “Hundreds of our partners and members have been involved in our engaging and impactful events through the past year.

“The Chamber will continue to build and develop this programme in consultation with those partners and members, in particular, the 2025 Wales Business Awards.”

The Chamber has also actively started to strengthen its Board to further reflect the diversity and voices of its membership, and to appoint a new Chair, replacing Paul Clark, who has resigned from the Board.

The Chamber is a membership organisation which supports businesses across 80 per cent of Wales through facilitating connections, upskilling opportunities and trade expertise. It is part of the British Chambers of Commerce and wider global Chamber network.