The loan of £195,000 will enable the baked goods specialist to expand their production and invest a total of £700,000 into new production facilities at Heol-Ty-Gwyn Industrial Park, creating ten new permanent jobs and safeguard 20, bringing their total headcount to 90 people employed from the local area.
The new units will provide space for the business to move the cake plant out of the Spelter site so they can increase production, expand and concentrate on the recently acquired Burts Cakes and Biscuits, which is already well established and growing.
The company recently won very significant contracts with Morrisons and Booker, making expansion a necessity to accommodate the very high level of new business which will see the company ramp up production and increase turnover by some 40% by 2018.
Talgarth Bakery was established in 1904 and purchased by its current owner, Howard Hughes, in 1986. The company has grown steadily over that period and now serves more than 200 local customers, both retail and wholesale with some 500 products weekly in its own liveried vans with a remarkable degree of brand loyalty.
Economy Secretary Ken Skates said:
“Talgarth is an important employer in the South Wales Valleys and is a company with an excellent track record of growth and profitability. I look forward to seeing the company reach its expansion goals.”
Howard Hughes Managing Director of Talgarth Bakery said:
“I want to thank the Welsh Government for its continued support in assisting our business to not just expand, but in safeguarding the jobs of our loyal workforce.”
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