- Type of finance
- Business need
Starting a business
“Working on the sea, fishing, and in my local community has always been a dream of mine. Nothing, not even a pandemic would stop me. I’m really thankful to the Development Bank for their support during this start-up phase of my business.”
Royal Navy veteran, Sion Riley’s fish catches have been in high demand since he launched Holyhead Shellfish in July 2020. He took charge of fishing boat the Pan Arctic following start-up micro loan from the Development Bank of Wales.
Sion became aware that a boat, with full fishing rights, was due to go on sale. He approached the boat’s owner about taking it over and then investigated what support was available for local start-ups on Anglesey. He spoke to local charity Môn CF who put him in touch with the Development Bank of Wales and Business Wales. He received support from Business Wales to create a business plan and then applied for a start-up loan to help purchase the fishing boat.