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Future looking bright for Welsh family businesses

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familybuisFAMILY firms across Wales are setting their sights on expansion following another hugely successful year for the sector.

New research by Oxford Economics for the Institute for Family Business (IFB) Research Foundation reveals the vast contribution family firms make to the UK economy – employing over 11.9 million people and making up 87 percent of all private sector firms in the UK.

There are now more than 190,000 family run firms in Wales making up one in 20 of all family businesses across the UK. Family businesses also account for 92 per cent of all private sector firms in the region – one of the highest concentrations in the UK, including firms such as Watkin Jones, Brains Brewery, Henllan Bread.

Since 2013 family businesses have increased employment by six per cent and turnover has also seen a strong rise, increasing by two per cent to reach £1.3 trillion. In addition, family firms paid £125 billion in taxes and contributed over a quarter (26%) of the UK’s entire GDP.

Speaking about the new findings, Peter Armitage, Chairman of the IFB, said: “The report sheds light on the sheer size and scale of the family business community. It’s an important reminder of how vital family-run firms are to the UK – serving as the backbone of our economy, with family firms making a phenomenal contribution across all sectors, industries and regions.

“Family businesses have always been at the very heart of the UK economy and based on the steady rise in their recruitment and turnover, it is clear they are here to stay. It’s encouraging to see family firms with such a buoyant attitude towards their future expansion – almost half of family SMEs expect to grow over the next two to three years.”

Growth and expansion is a top priority for many SME family firms with just under half (49%) stating they aim to grow over the next twelve months.

Looking to how they will turn this ambition into reality just under a half of firms (43%) say they will invest in improving the skills of their workforce to support growth, with a third (33%) planning to boost productivity through investing in new machinery and premises.

Looking beyond their traditional activities to diversify their business and customer base, 42% of family firms are planning to move into new markets and 37% are developing and launching new products and services.

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Wizardry night a success at Aberystwyth Library

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The fourth Harry Potter Book Night was held at Aberystwyth Library on Friday, 07 February.

After dark, it was a time for fans to celebrate the iconic series of books with events all around the World.

Ceredigion Library Service held the event at Aberystwyth Town Library, which was decorated with all things Harry Potter.

Emyr Lloyd and Delyth Huws, both Assistant Librarians organised the night. They were very pleased with the success and turnout. Emyr Lloyd said, “We enjoy putting on the Harry Potter Book night. The fourth one was no different with 86 children attending the free event and very positive feedback. We hope events such as these spark a joy of reading in the young and old.”

Three Owls from New Quay Birds of Prey came by and Luke the close-up magician entertained the audience. The children were also entertained with a reading from one of the books and also a crafts and activities area.

Follow the events of the Ceredigion Library Service on Facebook @llyfrgellceredigionlibrary. The next event will be a sale of stock on 22 February between 10am and 4pm at the Bandstand in Aberystwyth.

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Cymraeg

Noson hudolus yn Llyfrgell Aberystwyth

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Cynhaliwyd Noson Llyfrau Harry Potter yn Llyfrgell Aberystwyth ddydd Gwener, 07 Chwefror. Hon oedd y bedwaredd noson o’r fath.

Ar ôl iddi nosi, roedd hi’n amser i edmygwyr y llyfrau ddathlu’r gyfres eiconig gyda digwyddiadau ledled y byd.

Cynhaliodd Gwasanaeth Llyfrgell Ceredigion y digwyddiad yn Llyfrgell Tref Aberystwyth, ac addurnwyd y llyfrgell gyda phob math o bethau sy’n gysylltiedig â Harry Potter.

Trefnwyd y noson gan Emyr Lloyd a Delyth Huws, Llyfrgellwyr Cynorthwyol. Roeddent yn falch iawn â llwyddiant y noson a’r nifer oedd yn bresennol yn y digwyddiad. Dywedodd Emyr Lloyd, “Rydym yn mwynhau cynnal nosweithiau Llyfrau Harry Potter. Nid oedd y bedwaredd noson o’r fath yn eithriad; mynychodd 86 o blant y digwyddiad am ddim, a derbyniwyd adborth cadarnhaol iawn. Rydym yn gobeithio y bydd digwyddiadau fel y rhain yn swyno’r hen a’r ifanc i fwynhau darllen.”

Daeth tair tylluan o Adar Ysglyfaethus Cei Newydd i’r digwyddiad, a bu Luke yn diddanu’r gynulleidfa gyda’i hud a’i ledrith. Diddanwyd y plant hefyd gyda darlleniad o un o’r llyfrau ac ardal gweithgareddau a chrefftau.

Dilynwch ddigwyddiadau Gwasanaeth Llyfrgell Ceredigion ar Facebook @llyfrgellceredigionlibrary. Y digwyddiad nesaf yw arwerthiant stoc ar 22 Chwefror rhwng 10am a 4pm yn y Bandstand yn Aberystwyth.

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Warnings issued as Storm Ciara predicted to hit west Wales

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NATURAL RESOURCES WALES (NRW) is urging people living near the Welsh coast to be prepared for possible flooding this weekend as Storm Ciara reaches the UK.

Current forecasts indicate that strong winds could cause a tidal surge and large waves hitting the coast.

Combined with heavy rainfall which is likely to see rivers rise quickly, NRW expects to issue flood alerts and possibly warnings across the country from Saturday afternoon through to Monday.

With the worst of the conditions expected on Sunday, NRW advises people to keep a safe distance from coastal paths, promenades, piers, and from river banks.

Emergency response workers from NRW are already making preparations ahead of the storm, checking defences are in good working order and making sure any drainage grids and screens are clear, to reduce the risk to people and their homes.

Richard Preece, from Natural Resources Wales said: “Our teams are keeping a close eye on forecasts and predicted river and sea levels this weekend, and if necessary, will issue flood warnings to registered properties in those areas at risk.

“We have already been speaking with our partners from the emergency services and the local authorities so they can put their plans into action.

“We are also warning people to avoid visiting the sea front due to the risk of being swept away by large waves or hit by wave and wind-blown debris.

“Flood water can also be extremely dangerous, and people should not attempt to walk or drive through it unless instructed by the emergency services.”

Network Rail and Transport for Wales have issued joint information ahead of Storm Ciara, which is expected to bring strong winds and heavy rain to the Wales and Borders route this weekend.

The Met Office has issued a yellow wind warning for the whole of the UK and two yellow rain warnings on Sunday.

Transport for Wales Operations Director Martyn Brennan and Amanda Newton, Senior Incident Officer at Network Rail said: “With Storm Ciara set to bring gale force winds of up to 90mph on Sunday, Transport for Wales and Network Rail wish to urge all customers to check their journeys prior to travel.

“We’re expecting very stormy conditions, high tides and winds that have the potential to uproot trees and damage infrastructure.

“The safety of our customers and colleagues is our absolute priority and as such there are likely to be a number of speed restrictions in place around our network, while some other lines may be forced to close entirely. We are working closely together to minimise any disruption and will do all we can to keep our customers moving and informed.”

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