New Vale of Glamorgan business park secures £2.83m investment from the Development Bank New Vale of Glamorgan business park secures £2.83m investment from the Development Bank max taylor – journalist Subscribe to the Businessin Wales daily newsletter for FREE here.  The Orchard Business Park in the Vale of Glamorgan is receiving a major investment from the Development Bank of Wales, set to support the first phase of its construction. This comes as a loan from the Development Banks’ Wales Commercial Property Fund, and aims to strengthen the Vale’s commercial landscape with the new light-industrial business park. The park will be built in Llandow across two phases where 44 light-industrial units will be erected. The first phase that the Development Bank is investing £2.83m towards, expects to see the first 21 units this summer, with the second phase planned for the first half of 2027. At full capacity, Orchard Business Park is estimated to support a minimum of 150 new jobs, boosting the local economy significantly. The construction of the park will generate economic value as well, as Llantwit Major company RDR Contractors are delivering the project using local labour and resources. Prospective occupiers have already shown interest, with a wide-range of businesses enquiring for local, specified, premises. Parties are urged to get in touch with the designated agents, Brinsons, as soon as possible. Industrial developments in Wales with terms of up to five years can be eligible for loans from The Wales Commercial Property Fund between 250,000 – £5 million.  Since 2017, £27 million has been invested in commercial property projects by the Development Bank of Wales, resulting in 270,000 sq. ft of space. Loïc Moinon, Managing Director of LM Prop, is leading the Orchard Business Park project, having already invested £1 million of his own money into the scheme. Moinon said: “This project started from a very simple frustration. I was trying to find a modern unit for my own business and either couldn’t find the right space or found myself priced out.  “That made me realise there was a real gap in the market locally, and that many other businesses were likely facing the same problem. “I’m immensely proud of what Orchard Business Park represents. I came to Wales from France around 20 years ago with nothing, built businesses here and have always believed in reinvesting locally.  “This scheme is about giving other local firms the chance to grow on their doorstep, in high-quality premises with excellent access links, while creating jobs and using local contractors and suppliers wherever possible.” Karl Jones, Senior Property Development executive at the Development Bank of Wales, said: “Orchard Business Park is exactly the type of development the Wales Commercial Property Fund is there to support.  “It is a well-located scheme that addresses clear market demand, creates space for businesses to grow and brings wider economic benefits to the local area. “Loïc has shown real commitment to making this project happen, backed by significant personal investment and a determination to deliver something that will make a lasting difference.  “We’re pleased to support Phase 1 and to help unlock a scheme that will support jobs, enterprise and local supply chains in the Vale.” Rhodri Davies, Managing Director of RDR, said: “Orchard Business Park is a great example of what local business can achieve when investment is backed by ambition and delivery.  “This scheme has been designed locally, is being built locally and will create opportunities for local businesses and local people. “We’re proud to be involved in a development that will benefit the Vale community, support entrepreneurship and provide the kind of modern business space that is in short supply.” Want more from Businessin Wales? Why not follow us on our socials Linkedin X Instagram TikTok Listen to the Businessin Wales podcast YouTube Spotify Apple Podcasts