Wind farm reveals £20.1million funding boost

  • Pen y Cymoedd Wind Farm Community Fund has revealed a £20.1m funding boost to Welsh valleys
  • +450 groups and businesses have been supported by the Fund in its first 5 years
  • The fund has offered grants, loans, match funding as well as a COVID rapid response programme

Energy company Vattenfall has revealed the Pen y Cymoedd Wind Farm Community Fund has helped to catalyse £20.1 million of community investment in the Welsh valleys, supporting more than 450 local projects and businesses in its first five years of operation.

The fund, launched in 2017 in the Afan, Rhondda, Cynon and Neath Valleys, has supported some major success stories across the area with grants, business loans and direct investment, creating or safeguarding almost 200 local jobs within the community. In addition to the £11.2million in funding directly from Vattenfall, a further £8.8 million has been leveraged in match funding -  bringing an additional boost to the local economy.

The fund also flexed its funding capabilities during the COVID pandemic and local flooding incidents, providing a rapid response to support critical organisations locally - safeguarding 67 local jobs.

Run by an independent body that ensures its vision and purpose remains relevant to the interests and needs of the community,  funding awards ranging from £280 to £491,869 have been offered to local businesses and community groups to date.

Berry Jordan, Business and Community Investment Advisor at Vattenfall said:

“Pen y Cymoedd is not only generating fossil free electricity for hundreds of thousands of homes, but it is also starting to show the lasting economic opportunity that onshore wind can bring to local communities.

“By supporting local businesses to launch and grow, community groups to build their resilience, and investing in local facilities, new jobs are being created, and the fund is helping to secure further funding – growing the impacts on the ground. We look forward to seeing what comes next.”

Kate Breeze, Executive Director of Pen y Cymoedd Wind Farm Community Fund, added: 

"The fund is bringing added and new benefits to the area to drive local development. These opportunities that we have been able to support represent a real demand for services, activities, and products that people living, working, and visiting the area want to see. By supporting the vision of the communities, and as the impact of the funding grows, we will continue to work with community to make sure that the fund is community-led, place based and adaptable to community opportunities, issues, and priorities.”



Find out more information about the fund here. 

Find out more about Pen y Cymoedd Wind Farm here.

See also

New deal signed for offshore wind innovators to continue driving forward solutions in real-world conditions

Vattenfall and the Offshore Renewable Energy (ORE) Catapult have signed a three-year extension on their testing and demonstration collaboration at Aberdeen Offshore Wind Farm.

Read the full article

Equivalent of 5000 homes served by Vattenfall’s Bristol Heat Network

As part of Bristol City Leap, Vattenfall Heat UK is now serving the equivalent of 5000 homes with heating and hot water via the Bristol Heat Network.

Read the full article

Vattenfall and RWE conclude sale of Norfolk Offshore Wind Zone

Vattenfall has today completed the sale of the Norfolk Offshore Wind Zone to RWE. The agreed purchase price corresponds to an enterprise value of £963 million.

Read the full article