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Seven-Figure Funding Deal for Welsh Wedding Venue Operator

Gweithredydd Lleoliad Priodas yng Nghymru yn Agor Trydydd Lleoliad yn Dilyn Bargen Ariannu Saith Ffigur



An award-winning collection of wedding venues is opening its third venue in Wales thanks to a joint seven-figure funding package from HSBC UK and the Development Bank of Wales.

The Oldwalls Collection, which opened 14 years ago, has used the funding to add Sant Ffraed House in Abergavenny to its existing award winning portfolio which comprises of wedding venues, Fairyhill and Oldwalls Gower and several luxury holiday cottages.

Set in 16 acres of picturesque Abergavenny countryside, Sant Ffraed House boasts a 150-person ceremony and reception room, substantial on-site accommodation, two bars, and an evening entertainment space. The opening will create 50+ new jobs for the local community and is expected to welcome 15,000 guests through 2023.

Andrew Hole, Managing Director of The Oldwalls Collection, said:

“The wedding events industry has been severely disrupted since the pandemic, with couples rescheduling dates multiple times. As the industry begins to bounce back, we sought an expansive solution to provide more choice.

“HSBC UK and the Development Bank of Wales have been a great help throughout the process of acquiring and opening Sant Ffraed House, and we look forward to continuing a relationship with both banks as we further expand the business.”

Anthony Couzens, Relationship Director for HSBC UK Corporate Banking South Wales added:

“It’s been a pleasure to support Andrew and the team at Oldwalls with their continued expansion alongside the Development Bank of Wales. Oldwalls have delivered a spectacular new addition to the Welsh hospitality offering and raised the bar with the redevelopment of Sant Ffraed House. We wish them every success.”

Daniel Kinsey, Portfolio Executive at the Development Bank of Wales said:

“As an existing customer, we have an excellent working relationship with the team at Oldwalls. They have a stellar reputation across Wales, and we’re delighted to have supported with the businesses’ recent acquisition of Sant Ffraed House to expand its portfolio in partnership with HSBC UK.”


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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