Howells Jewelers has completed a major refurbishment following a six-figure loan from the Development Bank of Wales.
The 155-year-old family business, located on Quay Street in Haverfordwest, has received financial support from the Development Bank as well as funding from Pembrokeshire County Council.
The funding was part of the council’s Houses into Homes Empty Property Scheme, designed to bring empty properties back into use.
It enabled the renovation of the double-fronted shop and the creation of four new apartments, regenerating an adjoining business and safeguarding four jobs in the town.
Each of the two-bedroom apartments has river views and will be rented out to locals looking for accommodation in Haverfordwest.
Paul Howells, owner and fourth generation jeweler, said: “Our building was in poor condition and needed updating to ensure the long term success of the business and to breathe new life into the property. Funding from the Pembrokeshire Development Bank and Council has enabled us to restore the building with a smart new storefront and four new apartments, safeguarding our future and helping the town to thrive.
Development Bank of Wales portfolio manager Richard Easton said: “Buying jewelery is still a purchase most people want to make in person rather than online, so there remains strong demand for high quality jewelers like Howells.
“With a very loyal customer base, Howells has been an integral part of Haverfordwest for over 155 years. Our investment has helped protect this legacy, save jobs, create new homes and support a sustainable and prosperous future for a long-standing and well-respected local business.
The Wales Business Fund is partly funded by the ERDF through the Welsh Government. It was created specifically to support Wales-based businesses with fewer than 250 employees and those looking to set up in Wales with loans and equity ranging from £50,000 to £2 million.