A stone quarry in Swansea is looking to expand under new ownership following a £1.45m joint debt funding deal with HSBC and the Development Bank of Wales.
Gwrhyd Quarry, which has been operational for over a decade in Pontardawe, produces Gwrhyd Pennant sandstone used in significant Welsh landmarks, including the Swansea Arena and the Senedd building in Cardiff Bay.
The funding has enabled the Walton family, who previously managed the operations of the quarry, to purchase Gwrhyd Quarry and take into full ownership. The business is also looking to invest in new machinery and infrastructure, as part of the quarry’s broader sustainability initiatives, which aim to make it the most sustainable quarry in the Ƶ.
Michael Walton, director at Gwrhyd Quarry, said: “This funding is a significant milestone for us. It not only secures the future of the quarry but also allows us to invest in sustainable practices such as investing in solar panels to power the site which will benefit the environment and our community. We are grateful for the support from HSBC Ƶ.”
Ben Youde, relationship manager at HSBC Ƶ said: “Having worked with the team for the last two years, we are thrilled to support Gwrhyd Quarry in their journey toward growth. We look forward to seeing its continued success.”
