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Mid-Wales General Store Cuts Energy Use Thanks to Development Bank of Wales Help

Siop gyffredinol Canolbarth Cymru yn Lleihau ei Ddefnydd o Ynni Diolch i Gymorth Banc Datblygu Cymru



Knighton Costcutter is a convenience store in Powys, serving the communities of Knighton and the surrounding villages.

The shop has increased by a quarter of its original space and installed new energy-efficient refrigeration and display units, thanks to a £100,000 loan from the Development Bank of Wales.

John Ewens, Knighton Costcutter

The loan – from the Wales Flexible Investment Fund – allowed the creation of more retail space at the shop, and the new cases have helped cut its over-all energy use by up two thirds.

The business is a longstanding customer of the Development Bank. Business owner John Ewens bought the Knighton store in late 2019 with a £200,000 loan from the Wales Business Loan Fund, followed by £60,000 via the Covid Wales Business Loan Scheme in mid-2020.

John Ewens, owner, said:

“I’m really grateful to the Development Bank of Wales for this latest round of investment support. This has given us the chance to take more control of our energy costs, and I wanted to make sure we took steps to future-proof our energy consumption wherever possible.

“The new units have helped us drastically cut over-all energy use, and we’re now able to offer an enhanced range of fresh and chilled goods to our customers.”

Stewart Williams, Portfolio Executive at the Development Bank of Wales, said:

“It’s been a real pleasure to work with John these last few years, and the work he’s done to ensure Knighton Costcutter remains competitive and continues to serve communities in this part of Wales has been fantastic.

“The improvements John has had carried out have been a really sensible step in safeguard the future energy-efficiency of his business, and I’m pleased to have worked with him in securing the investment needed.”

The £500 million Wales Flexible Investment Fund is financed by the Welsh Government and Development Bank of Wales. Loans, mezzanine finance, and equity investments are available for businesses based in Wales from £25,000 to £10 million.

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The Development Bank of Wales funds businesses that they think will benefit Wales and its people. The ones that will create ripples of growth- those that are more than a good business model or a great idea. They finance responsible businesses – those with a strong social, ethical and environmental standards, as well as real commercial promise.

By providing sustainable, effective finance where options have seemed limited, they bring ambitions to life and fuel possibilities for people, businesses and communities in Wales and beyond.

The Development Bank’s ‘big picture’ view means it can often help with debt and equity finance when options seem limited, doing whatever it takes to make a positive difference, bringing together the right people and working collaboratively to find a way to make things happen for Welsh businesses and for Wales.

Its teams are embedded in local communities, working out of regional offices that give customers direct access to key decision-makers and signposted avenues of support. They understand what’s happening in Wales’ villages, towns and cities – the challenges and the opportunities. They see the potential for business growth as a catalyst for enhancing lives and communities in Wales and beyond.

For more information, visit the Development Bank website at to find out more.


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