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BT boosts Welsh economy ‘by £575m’

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BT Employee: One of 2950 BT employs in Wales

BT Employee: One of 2950 BT employs in Wales

BT generated a massive £575 m for the Welsh economy in the past year – a £35 m increase on just two years ago, according to an independ­ent report published on Wednesday (Nov 4).

The report, by Regeneris Consult­ing, also shows that the communica­tions company supports 7,520 jobs in Wales through direct employment, it’s spending with contractors and suppli­ers and the spending of employees.

In employment terms, BT’s impact in 2014-15 was larger than the coun­try’s creative and media sector. Around £213 m was spent with local suppliers.

The overall beneficial financial im­pact of BT activities is expressed as a “Gross Value Added” (GVA)* contri­bution. For Wales the BT GVA totalled £575million – equivalent to £1 in eve­ry £90 of the total GVA for Wales.

Tim Fanning, associate director at Regeneris Consulting, said: “Our anal­ysis confirms the sheer scale and reach of BT’s ongoing economic contribu­tion to Wales and the UK as a whole.

“BT makes a contribution to every community across the UK. At the UK level, £1 in £80 of wealth created is attributable to BT – this is one of the single largest contributions to the UK economy by any firm.”

Alwen Williams, BT’s regional di­rector for Wales, said: “There are few organisations in Wales that have a larg­er impact on the day-to-day life and fu­ture prospects of the country than BT.

“We are one of the largest private sector employers and investors in Wales – our investment in fibre broad­band in Wales alone amounts to hun­dreds of millions of pounds – and the services that we provide are a vital part of every community.

“The facts and figures shown in this report highlight the full extent of BT’s contribution to the local econo­my as we go about the daily business of keeping people connected and in­troducing new technologies, which are creating fresh opportunities and trans­forming lives.

“Aside from the company’s activi­ties, the report also draws attention to the positive ways BT people are con­tributing to the communities where they live and work, whether they are a volunteer for a worthy cause or a local shopper.”

‘Social Study 2015 – The Eco­nomic Impact of BT in the United Kingdom’ analyses the key role BT and its employees play in economic, business and community life across the English regions, Scotland, Wales and Northern Ireland.

It highlights the positive contribu­tions made by BT through the salaries and wages of employees and contrac­tors, and the beneficial impact of its procurement and overall expenditure around the UK.

The report highlights that BT in Wales:

  • Is responsible for the employment of 2,950 people – 2,790 direct em­ployees and 164 contractors – with a total employment income of £94 m;
  • Provides work for a further 4,570 people through BT’s spending with businesses that supply its equipment and services, and the spending of employees;
  • Committed more than £1 m to community, charity and voluntary programmes, spread around many regional communities in 2014/15;
  • Has enabled more than three-quarters – 77 % – of its employees to work flexibly.

BT is investing more than £3 bil­lion in the roll-out of fibre broadband in the UK through its own commer­cial programme and by working with the Government and local authorities in broadband partnerships to extend next generation broadband even more widely – especially to more rural and remote communities.

In Wales, BT is the major private sector partner in Superfast Cymru. Through this partnership and the com­pany’s commercial roll-out, BT has al­ready made fibre broadband available to more than 1.2 million Welsh homes and businesses – and this number is continuing to grow rapidly.

The report also highlights how BT is consistently one of the country’s leading investors in innovation with spending on research and development in the 2014/15 financial year reaching £50 m. Among the latest developments, the company has started trials in Swan­sea of ultrafast G.fast broadband, which is already delivering download speeds up to 330 megabits per second (Mbps).

This new technology will be rolled out to 10 million UK homes and busi­nesses by the end of 2020 and the ma­jority of premises within a decade.

Volunteering is also a core element of BT’s strategy. Last year, BT people in Wales contributed 2,416 volunteer­ing days to worthy causes, amounting to in-kind support of nearly £750,000. Across the UK, the figure is 50,500 days, worth more than £15 m.

In addition, MyDonate – BT’s commission-free online fund-raising service – has helped to raise more than £1m for charities across Wales.

Alwen Williams added: “It’s evi­dent BT people throughout Wales real­ly want to make a positive contribution to the communities in which they live and work. Every day BT employees help millions of people to communi­cate, do business, be entertained and stay informed.”

UK-wide, BT’s total GVA contri­bution is assessed at £18 billion. The company supports 217,000 jobs di­rectly and indirectly and last year spent £6.5 billion with UK-based suppliers. As a result of the full economic impact of BT, the firm supports £1 in every £80 of GVA in the UK economy and one in every 110 UK employees.

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Carmarthen Partner celebrates 30 year anniversary with Ashmole & Co

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SHARON GEORGE, one of Ashmole & Co’s Partners in Carmarthen, is celebrating a significant work anniversary this month having been employed by the firm for 30 years.

A lot of changes have taken place during Sharon’s time with Ashmole & Co. When she started as a Trainee Accountant in 1992 there were just five offices in Haverfordwest, Carmarthen, Newcastle Emlyn, Swansea and Ammanford compared to the current 13. Accountancy has also drastically changed from being an almost completely paper system to these days being massively computerised.

Sharon, who is from Pendine, said, “I started working as a trainee for Ashmole & Co in 1992, straight out of school. I then worked at the same time as studying for my HNC. I remember being told at the time I started that 80 had applied for the trainee position so I felt very lucky to get the job.  A lot has changed over 30 years. It was a very manual job at the start. We had to hand deliver tax returns in big carrier bags to the tax office in Carmarthen!  Nowadays the technology has improved the role of an accountant considerably.”

Sharon has been a Partner with Ashmole & Co since 2011 and as well as managing a team in Carmarthen she also manages the Pontardulais and St Clears offices. She lives with her husband and two sons in Pendine. In her spare time Sharon loves walking along the beach or practising her baking and is an avid Strictly Come Dancing fan. 

Ashmole & Co, Chartered, Certified Accountants, has been established for 125 years this year. It is one of the largest accountancy and auditing practices in Wales, operating from thirteen offices throughout south and west Wales including Swansea, Haverfordwest and Llandeilo.

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Welsh Government partnership brings new office development to Cross Hands

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THE WELSH GOVERNMENT, in partnership with Carmarthenshire County Council, is supporting the construction of new high-quality office space in Cross Hands, which will help create new jobs in the local area, Economy Minister Vaughan Gething announced today.

Carmarthenshire County Council has provided a £492,000 Property Development Grant to Sterling Developments, a local company, to support the delivery of the commercial offices at the Cross Hands East Strategic Employment Site.

The Cross Hands East Strategic Employment Site has been delivered via a joint venture between the Welsh Government and Carmarthenshire County Council, comprising a large programme of infrastructure works. A total of 17 commercial development plots have been created for sale, with a number of plot sales already completed. Delivered in two phases, the second phase has been supported by £2.4m European Regional Development Fund investment through the Welsh Government.

As well as boosting the local economy, the office development will also contribute to the Welsh Government’s aspiration of providing more ready-made commercial space for businesses – which will help create new jobs in communities across the country.

Economy Minister, Vaughan Gething said: “Businesses of all sizes across Wales need modern sites and premises that will enable them to expand and grow. This is a key part of our Economic Action Plan, which sets out our vision for inclusive growth built on strong foundations, supercharged industries of the future and productive regions.

“Today’s announcement will help us do just that, providing a boost to the regional economy in south west Wales as we all continue to recover from the Coronavirus pandemic.

“This project is a prime example of a constructive partnership that’s delivering for the benefit of local people. I wish Sterling Developments well with their new Cross Hands scheme.”

Cllr Gareth John, Cabinet Member for Regeneration, Leisure Culture and Tourism, said: “Carmarthenshire County Council is committed to providing businesses with the best facilities, at the best locations, to thrive. That is why we have been working with the Welsh Government, through the Cross Hands Joint Venture, to secure £2.4million of EU funding to match our own £2.5 million contribution and develop the second phase of Cross Hands East, a 19-hectare employment site that provides serviced plots within a thriving business environment.

“This development has already seen new businesses establish themselves here and begin to flourish with the potential for the site to create hundreds of quality jobs. This second phase of developing Cross Hands East will deliver more sustainable economic growth that will have a positive impact on people, businesses and communities in the area and wider region.

“The Property Development Grant awarded to Sterling Developments by Carmarthenshire County Council stimulates private sector investment at the employment site and will deliver high-quality commercial space to the market.”

Simon Thomas, Director of Sterling Developments, added: “We have designed a building that is architecturally appealing and will deliver high-quality office space in Cross Hands. The new building will provide businesses with modern facilities that they require to grow and prosper. The support from Carmarthenshire County Council and the Welsh Government has been key to the progression of this scheme. Sterling Developments are delighted to be playing a role in the development of this excellent employment site in Cross Hands.”

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Carmarthen grassroots music venue CWRW wins £10,000 PRS for Music Back to Live Music Venue Prize

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L-R: Gem Griffiths (Winger Records, CWRW Promoter), Michael Hilton (CWRW Owner)

PRS for Music, the UK-headquartered organisation that represents the rights of over 160,000 songwriters, composers and music publishers around the world, announces beloved Carmarthen grassroots music bar CWRW (pronounced koo-roo) as the winner of its Back to Live Music Venue Prize of £10 000 for the Welsh region.

The recovery-focussed nationwide competition was launched by PRS for Music to give independent live music venues across the UK the chance to win one of six regional prizes of up to £10,000 and inject much-needed financial support into venues who are dedicated to improving live music experiences in their local communities.

Community advocate and music fan himself, CWRW owner Michael Hilton, plans on using the £10 000 PRS for Music prize money to upgrade the venue’s lighting, add recording capabilities and create a more inclusive space so audience-goers with disabilities can participate and access live music events.

“Winning PRS for Music’s Back to Live Music Venue Prize is incredible” explains Michael Hilton, “incentives like these are fundamentally important for grassroots venues like ours to continue to provide creative spaces for the community and emerging talent to develop their skills. The funds will be used to develop the audience experience, inclusion and continuing to support the next generation of artists”. 

Phillip Deacon, co-owner of The County Music Bar, said: “We are hugely thankful to PRS for Music for this initiative and of course for the recognition in winning this award. We as a venue had barely survived the pandemic and know of many that didn’t. However, we did. This is a testament to the support from bands and fans alike who rallied around as soon as we could provide entertainment again. We now, however, face the perfect storm. Recovery from the pandemic, facing a cost-of-living crisis and a frankly ludicrous energy bill hike of nearly 550%.  This money will provide a significant breathing space to repair and replace equipment and better facilities for all while we focus on our further survival in these difficult times. We want to continue to be a local music hub for all and provide access to up and coming as well as more established bands.” 

The devastating impact of the COVID-19 pandemic on the live music sector has been well-documented; between 2019 and 2021, PRS for Music saw an 84% decline in the number of live performance setlists reported to the organisation, falling from 124,000 in 2019, to 19,300 in 2021. 

Tony Barton, Head of Writer Relations, PRS for Music, said: “Independent live music venues are pivotal within local communities, providing spaces that inspire the next generation of songwriters and performers. Congratulations to The County Music Bar for keeping live music at the forefront through a very difficult time.” 

Andrea Czapary Martin, CEO, PRS for Music, said: “Venues like The County Music Bar in Chesterfield are so vitally important to the health and growth of music in the UK. We’re proud to find ways to support local scenes with projects like the Back to Live Music Venue Prize and thrilled that Phillip and Lauren Deacon are working to keep the music going.” 

PRS for Music’s Back to Live Music Venue Prize competition launched in March 2022 as the organisation’s direct response to the devastating effects of the global pandemic on live music venues in the UK. Open to independent live music venues who are not part of a national brand whose offering included music prior to pandemic closures, winning venues were determined by a judging panel made up of leading representatives from across the music, arts, and hospitality sectors. Complete prize terms and conditions can be found here. Four more UK regional Back to Live Music Venue Prize winners will be announced over the coming months. 

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