Latest news with #StartUpLoan
South Wales Argus
08-07-2025
- Business
- South Wales Argus
Rusty railway carriage transformed into eco-friendly space
The project is the work of Newport-based architect Spence Gadsby, 32, who launched handcrafted hut business Tŷ Green in early 2023 after securing a £20,000 Start Up Loan from the British Business Bank. Mr Gadsby said: "Every project teaches me something new. "I've gone from constructing moveable huts on wheels to modular garden builds that can be delivered and assembled quickly with workshop-level precision. "It's all about refining the process while staying true to my sustainability goals." Mr Gadsby turned the carriage into a warm, energy-efficient living space using natural, breathable materials. Tŷ Green has completed three major eco-conscious builds so far, with a fourth underway. Mr Gadsby's passion for sustainability was reinforced by a course at the Centre for Alternative Technology in mid-Wales. The £20,000 loan allowed him to secure workshop space and materials for his first project. He uses UK-grown cedar cladding, Welsh sheep wool insulation, and locally milled ash in his designs. His latest build features 100 per cent wool insulation from Wool Insulation Wales and timber from small sawmills such as Coppice & Crown. Demand for his bespoke huts is growing, and he now hopes to expand by hiring support and taking on multiple projects at once. He is also exploring planning permission for an eco-friendly glamping site. Mr Gadsby said: "The Start Up Loan gave me the foundation to get going. "It funded my workshop space and the materials for that all-important first build. "I've not taken on any further funding, but I'm now building a strong reputation for bespoke, sustainable huts that speak for themselves." Jessica Phillips-Harris, senior manager for Wales at the British Business Bank, said: "Spence is a brilliant example of how Start Up Loans can help turn a big idea into a growing business."
Business News Wales
01-07-2025
- Business
- Business News Wales
Wool Shop Revives Traditional Crafting with Start Up Loan Support
An entrepreneur from Carmarthenshire has turned a love of wool into a thriving high street business thanks to a £25,000 Start Up Loan from the British Business Bank. A former market researcher originally from St Albans, Sascha Docwra and her husband moved to Wales eight years ago in search of a different way of life. Her journey into wool began with a small flock of sheep on her farm in West Wales, which sparked a fascination with wool production and traditional crafting techniques. And after attending craft markets and wool festivals, what started as a personal hobby soon turned into a business idea. The Welsh Wool Shop, which opened its doors in Newcastle Emlyn in February 2024, is a niche retail space dedicated to selling 100% Welsh wool, sourced and produced locally. Beyond selling wool, the shop is on a mission to revive and promote the sustainable craft of wool processing, ensuring the tradition remains a key part of the community. With a dedicated workshop space upstairs, the shop also offers hands-on crafting experiences, providing a welcoming environment for customers to learn and refine their skills. 'I had been working with wool as a hobby, but when the pandemic caused my previous business to fold, I realised I had an opportunity to turn my passion into something more,' Sascha explained. 'The idea for a dedicated wool shop came naturally from my experiences at markets and my work as a volunteer at the National Wool Museum, which is just five miles from the shop. I saw the demand for high-quality, locally sourced wool and knew there was a space for it on the high street.' Initially, the business started as a pop-up shop in a council-owned clock tower for three months. The strong demand quickly showed that there was significant potential beyond a temporary space. To take the next step, Sascha successfully applied for a growth grant from Carmarthenshire Council, which required 50% match funding. The Start Up Loan from the British Business Bank provided Sascha with the other 50%, making it possible for her to access the additional funds needed to open a permanent shop and workshop. 'The loan was fundamental in getting The Welsh Wool Shop off the ground,' she said. 'No matter how much you plan, the costs of setting up a retail space always add up to more than you expect. Having access to funding in tranches meant we could pace our spending wisely, ensuring we didn't overcommit too soon.' The loan was used to furnish the shop with racking, shelving, and display units, as well as create a comfortable and inviting workshop space. Additional funds were invested in stock, including an expanded range of pure Welsh wool, which became essential as demand quickly exceeded initial expectations. 'Without the Start Up Loan, the shop wouldn't be what it is today,' she added. 'The support I received throughout the process was incredible. The team was always available to answer my questions, making everything seamless. As someone financing a business for the first time, I felt completely supported rather than overwhelmed.' The Welsh Wool Shop has quickly become a vibrant part of Newcastle Emlyn's high street, providing a sustainable and locally-focused alternative for craft enthusiasts. Looking ahead, the business aims to continue growing its workshop offerings, expand its wool range, and further strengthen ties with local wool producers to keep traditional skills alive. Jess Phillips-Harris, Senior Manager for Wales at the British Business Bank, praised the success of The Welsh Wool Shop, saying: 'This is a fantastic example of how Start Up Loans can support small businesses in making a meaningful impact on their communities, particularly those located in rural areas. The Welsh Wool Shop is not just a retail space, it's a hub for sustainability, craftsmanship, and local heritage. We are proud to have played a part in its journey and look forward to seeing it continue to flourish.'
