An organisation that has helped support more than 300 businesses in Merthyr Tydfil has been praised by NatWest’s Chief Executive of Personal and Business Banking Les Matheson.
The Merthyr Tydfil Enterprise Centre (MTEC), which opened in July 2015, supports start-ups and existing businesses looking to develop their companies or business ideas. The organisation includes the local council, Tydfil Training, Merthyr Tydfil College, Business Wales and the Welsh Government, and since its launch has helped businesses from various sectors including digital and retail.
On a special visit to the Valleys to see NatWest Cymru’s work supporting the regeneration of the region, Les met with MTEC members Paul Gray, CEO of Tydfil Training, and Rhian Prosser, Town Centre Manager.
He said the scheme was a shinning example of stakeholders joining together to benefit the local economy and businesses within it.
“It is hugely encouraging to see an organisation like MTEC supporting local businesses and entrepreneurs,” said Les. “There is a shared ethos here with NatWest in regards to how we help more start-ups and existing businesses achieve greater success and MTEC is leading the way in Merthyr Tydfil helping a significant number of entrepreneurs and business people achieve their goals by becoming viable, operating businesses.”
NatWest Cymru has invested more than £1.5b in South East Wales through funding to local businesses and infrastructure projects including those in the Valleys.
Paul Gray, CEO of Tydfil Training, said:
“As a region it is encouraging that a bank like NatWest is so keen on learning more about initiatives such as MTEC and that it is supporting businesses access the funding and investment they need to gain stability and growth. It was great to meet with Les and discuss how we are similarly supporting new and existing businesses to grow and develop in Merthyr Tydfil.
“The town and the Valleys are on the up, with large companies investing and settling in the area and it’s reassuring to know that the spirit of entrepreneurism that created Merthyr Tydfil during the Industrial Revolution is alive and well.”