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Goldie Lookin’ Chain rapper Graham Taylor and novelist and broadcaster Gary Raymond are using a start-up loan from the Development Bank of Wales to share their love of vinyl records in Monmouth with the opening of Grinning Soul Records. As Monmouth’s only vinyl record shop, Grinning Soul Records can be found at White Swan Court on Priory Street. The micro loan from the Development Bank has been used to part-fund the kit out of the new shop and purchase stock. Having been close friends since their school days in Newport, Graham Taylor of Welsh rap group, Goldie Lookin’ Chain and BBC presenter and author Gary Raymond had a childhood ambition to open a record shop. Gary Raymond said: “Music fans come from all over the world to visit Monmouth as the home of Rockfield Studios, the legendary Welsh recording studios. Bohemian Rhapsody was recorded here yet there was no record shop in the town. Grinning Soul Records will give local people and visitors like the opportunity to buy traditional vinyl records that were made here in Monmouth. This is our childhood dream come true, made possible by the loan from the Development Bank.” Donna Strohmeyer is an Investment Executive with the Development Bank. She said: “Gary and Graham are both passionate about music and have a great opportunity to capitalise on the booming vinyl industry and the international market created by Rockfield Studios. Indeed, Grinning Soul Records is already proving to be a popular hub for music lovers in the Monmouthshire area and beyond. It’s a great addition to the vibrant market town of Monmouth.” The loan for Grinning Soul Records came from the £32.5 million Wales Micro Loan Fund. Financed entirely by Welsh Government, loans between £1,000 and £50,000 are available for small businesses, sole traders and social enterprises based in Wales, or willing to move to Wales. Repayment terms range between one and ten years.

National Grid has submitted its application for development consent to the Planning Inspectorate for Sea Link, a new electricity connection between Kent and Suffolk. This vital project will boost energy security and help deliver cleaner energy and strengthen Great Britain’s energy network. As part of The Great Grid Upgrade, the Sea Link project is designed to increase electricity capacity, as demand for energy is set to double, ensuring more renewable and low-carbon power reaches homes, business and public services. The proposed 138km connection, from Pegwell Bay in Kent to a point on the Suffolk coast between Aldeburgh and Thorpeness, will run mostly offshore. Around 122 km of the cables will be located under the sea with underground cables then linking to converter stations so electricity can be transported to where it is needed in East Anglia, Kent, and the rest of the country. Adrian Pierssene, Project Director for Sea Link said: "We have listened to and considered all the feedback we have received, shaping the plans we are submitting as a result. Sea Link is a vital investment in Great Britain’s energy future, creating the extra capacity needed to integrate renewable power into the grid, boosting energy security and supporting a cleaner electricity network." Following multiple rounds of public consultation between 2022 and 2025, National Grid has developed plans for the project, considering valuable feedback from communities and stakeholders in Suffolk and Kent. The application will now be considered through the Nationally Significant Infrastructure Project (NSIP) planning process led by the Planning Inspectorate. The public will have further opportunities to provide input during the examination stage.

Three new luxury lodges are now available to book at The Crown at Pantygelli, Abergavenny following a £90,000 growth capital loan by the Development Bank of Wales. Located in the heart of Monmouthshire and open all day every day, The Crown is owned by Amy Norvill and Nicholas Clayton-Ford who acquired the thriving pub and restaurant that is popular with tourists and the local community in June 2022. The couple previously worked in hospitality on the tourist resort of Hamilton Island in Queensland, Australia. The loan from the Development Bank has been used to part-fund the installation of three high-specification lodges that offer guests a luxury glamping experience with views towards the Sugar Loaf and Skirrid peaks. It is the second investment by the Development Bank having previously provided a loan of £110,000 in August 2023 to part-fund the installation of a new summerhouse to increase seating capacity at The Crown. Amy and Nick said: “The hospitality sector is tough, but we are fortunate to have the space and the opportunity to diversify so that we can grow The Crown as a destination where our customers can drink, dine and stay. For us, it is all about thinking differently and using our experience in Australia to make the most of what we have here in Pantygelli." “We were originally introduced to the Development Bank by Business Wales. Their collective support has really helped us to evolve our offering with the installation of the new summerhouse and the lodges. The next step is to develop a retail business while constantly investing in our team so that we can continue to attract and retain the very best people who share our commitment to delivering great customer service.” Kelly Jones is a Portfolio Executive with the Development Bank. She said: “Amy and Nick are building a thriving business in a beautiful part of Wales that is popular with both tourists and locals alike. They are investing in the long-term sustainable growth of The Crown, capitalising on the location and their passion for great hospitality. We wish them every success as they continue to strengthen and diversify their offering.” The loan for The Crown at Pantygelli came from the £500 million Wales Flexible Investment Fund. Financed by Welsh Government, the Fund is for deals between £25,000 and £10 million. Loans, mezzanine finance, and equity investments are available for Welsh businesses with terms of up to 15 years.

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