Swansea Building Society News

News

We are delighted to announce that the Society will shortly be opening its fourth branch in Cowbridge in the Vale of Glamorgan. For all enquiries regarding the new Cowbridge branch, please call our Swansea branch on 01792 739100

Cowbridge Branch
Swansea Building Society shows support for cancer foundation

Swansea Building Society has shown its support for a local cancer foundation through making a significant donation to the charity. 

The Society has made the donation to the Golau Cancer Foundation through matching funds raised by a cancer survivor. Ralph Morgans from Carmarthen, a financial adviser and customer of Swansea Building Society, had treatment for cancer of the tongue in 2013. 

Mr Morgans held a ‘staying alive’ event for his 70th birthday to fundraise for the Golau Cancer Foundation. The event raised over £3000, which was complemented by Swansea Building Society, enabling a donation of over £6000 to be made to the Golau Cancer Foundation.

Based in Swansea’s Singleton Hospital, the Golau Cancer Foundation is the official charity of the South West Wales Cancer Centre and is the second largest non-surgical cancer centre in Wales. It supports cancer patients and their families from across South West Wales and provides over 45,000 treatments to those with cancer every year.  

Alun Williams, chief executive officer of Swansea Building Society, said:

“The Golau Cancer Foundation is an extremely important charity in the region and we are pleased to be able to make this donation to support the excellent work that the oncology unit does for cancer patients and their families. Ralph’s dedication to raising these funds is truly admirable, and as a customer of ours and a cancer survivor, we are proud to be able to provide this additional support for his efforts.” 

Dr Martin Rolles, consultant oncologist, added:  

“We are very grateful for this generous donation from Mr Morgans and his friends, and for the matched donation from Swansea Building Society. The support from our community in South West Wales is vital for Golau and for our cancer service.

“Back in 2013 Mr Morgans had to have a very tough course of chemotherapy and radiotherapy. He has shown that it is possible to make a complete recovery and get back to a full and active life after cancer.

“Cancer treatments are changing rapidly, and one of the challenges is to stay at the forefront of new developments, so that we can continue to develop a world-class service for South West Wales. Golau is central to this effort, raising money for training, research and development, specialist equipment, patient care and rehabilitation.”


Building Society Cowbridge
Swansea Building Society expands business to South East Wales

Swansea Building Society is expanding its branch network into South East Wales following the recent purchase of new premises in Cowbridge in the Vale of Glamorgan. 

The Society will be opening its fourth branch having acquired the now closed Yorkshire Building Society branch office in Cowbridge. This new branch will complement the three existing Swansea Building Society branches in Swansea, Mumbles and Carmarthenshire. 

The Cowbridge branch will become the regional hub for the Society for its business in East Wales. The new branch is planned to open to the public during the fourth quarter of 2017. 

Richard Miles, newly appointed Head of Savings/Area Manager (East Wales) at Swansea Building Society, will be responsible for establishing the Cowbridge branch in the local community. 

The Society will be recruiting for seven new members of staff to form a strong team at the Cowbridge branch, helping to bring jobs to the area. This will raise the total number of employees at Swansea Building Society to 51 – an impressive staff-base for a private company with its headquarters based in Swansea. 

Various positions including branch manager and cashiering roles will be recruited for in coming months to meet the needs of existing and new members of Swansea Building Society in Cowbridge and the surrounding area.  

Alun Williams, Chief Executive Officer (CEO) of Swansea Building Society, commented:

“Despite what many other institutions across the country believe, Swansea Building Society continues to prove that there is a demand for face-to-face cashiering and mortgage services on the high street. We are absolutely delighted to be meeting this demand through opening our fourth branch in Cowbridge.  

“I am confident the new Cowbridge branch will replicate the success of our three other branch offices and will be a welcome addition to the town of Cowbridge. The Society delivered a very strong financial performance in 2016 and the opening of this latest branch and relocation of our Swansea branch will strengthen the Society going forward.” 

Richard added:

“I am delighted to have joined Alun and the team at this exciting time and look forward to being part of the enhanced team serving East Wales offering competitive savings products and a personal, tailored and flexible mortgage service. 


“Cowbridge is the ideal location to open a new branch and regional hub as we expand into East Wales and I am looking forward to welcoming and meeting new and existing members. Having been a NatWest branch manager in Cowbridge twenty years ago, I hope to see some familiar faces coming into the branch.”  


Swansea Building Society extends its reach with new appointment

Swansea Building Society has appointed a new member of staff as the Society enhances its reach to the South East region of Wales.

Richard Miles from Cardiff has joined Swansea Building Society as Head of Savings/Area Manager (East Wales) - a newly created position. Richard’s role will be split between managing the savings side of Swansea Building Society, ensuring the products offered continue to meet the needs of the Society and its members, and promoting the Society throughout East Wales.     

Having worked in financial services for over 20 years, Richard brings extensive industry experience to Swansea Building Society. Prior to his current appointment, he worked at Monmouthshire Building Society for 12 years as General Manager of retail, human resources (HR) and training. Previous to this, Richard worked at NatWest for over a decade in various roles throughout South Wales and the Midlands.   

Alun Williams, Chief Executive Officer (CEO) of Swansea Building Society, commented on Richard’s appointment:

“Richard is a highly respected and experienced financial services manager who will bring a wealth of experience and knowledge to the Society. I am delighted Richard has agreed to join us and look forward to working with him going forward as the Society continues to expand in South and West Wales.”

Richard added:

“I am really pleased to have joined Alun and the team at Swansea Building Society at this exciting time. I look forward to being part of the Swansea Building Society family and ensuring we continue to offer competitive savings products and a personal, tailored and flexible mortgage service.

“Swansea Building Society is a unique institution with a proud history and tradition of fully understanding the needs of both its savings and mortgage members. To be a part of this is a great honour.”


Building Society continues to show support for Cricket Club

Swansea Building Society has shown its continued support for Swansea Cricket Club through extending its sponsorship of the club.

2017 marks the third consecutive year that Swansea Building Society has sponsored Swansea Cricket Club. Through its sponsorship, the club has been able to invest in its junior cricket programme, helping to secure a thriving future for the club.  

The Society’s branding will continue to be displayed on team shirts and advertising space for the Society has been provided around St Helen’s ground – home of Swansea Cricket Club – through the organisation’s sponsorship. 

Alun Williams, Chief Executive Officer of Swansea Building Society, said: 

“We are delighted to show our support for a third year to Swansea Cricket Club. Swansea Cricket Club has a strong and long history in the community and this is something we feel Swansea Building Society shares with the club. We are proud to be associated with the club and to be continuing this positive partnership.”  

Mike Hayden, chairman of Swansea Cricket Club, added:

“We are extremely grateful to Swansea Building Society for their support during the last three years. Their kind support has enabled us to invest in our junior cricket programme, enabling us to increase the number of coaches to support our children and their development. 


“As a result of this programme we now have a flourishing junior section with cricket available to boys and girls from the age of five to 15. Every Friday night on our ground we regularly have approximately 40-50 children participating in cricket which is fantastic.


“Without the support of Swansea Building Society we would not have had the resources to develop the club in this way. We are extremely grateful and proud to be associated with Swansea Building Society.” 


Swansea Building Society reveals Swansea office expansion

Swansea Building Society has revealed its plan to launch a new branch on Portland Street in Swansea City Centre later this year having secured planning permission from Swansea Council. 

Its existing Swansea branch on Cradock Street will remain the company’s headquarters and expand further as it takes on more back office staff to support its growing network of branches. The new Portland Street retail branch will provide a more central location for its customers. 

The announcement was made by Alun Williams, Chief Executive Officer of Swansea Building Society, at the Society’s Annual General Meeting (AGM) held at Swansea’s Liberty Stadium yesterday (Thursday 20 April).

The new Swansea branch will complement the Society’s other branches in Mumbles and Carmarthen. Williams said that he feels opening a branch in the heart of the city centre will provide a more accessible location for customers and help generate further growth for the Society. 

The new branch office will be located at 3-4 Portland Street in a space previously occupied by a jewellery store. It is also in the vicinity of several other national banking brands, all adding to the visibility of Swansea Building Society and its viability as an alternative option for financial services.  

The Society’s balance sheet is 100 percent funded by retail and business savings and retained profits, meaning it has no reliance on the wholesale money markets to fund either asset growth or mortgage lending.  

“We need more space in our head office to accommodate growth. The launch of the Portland Street branch will allow us to both free up space in Cradock Street and place our customer-facing branch in the heartland of Swansea, boosting our profile and visibility at the same time,” Williams said.

Williams anticipates that the new branch will be officially opened to the public in the fourth quarter of 2017.

The AGM also formally announced Swansea Building Society’s 2016 results. The Society enjoyed a strong increase in its total assets and a modest increase in its profits in 2016, mainly driven by the success of its newest branch in Carmarthen, which generated increased retail savings and mortgage balances during the year.   

The Building Society’s annual income was £5.7 million in 2016, an increase of £300,000 or 6 percent on its income of £5.4 million a year earlier. 

The Society also increased its net profit to just over £2 million, an increase of £12,000 in comparison to 2015, despite the appointment of additional staff at its Carmarthen branch and head office, and continued investment in its IT systems. 

The Building Society’s total loan book increased to £185 million in 2016, an increase of £15.2 million or 8.9 percent on the £170 million outstanding in 2015. This helped generate an operating profit before impairment losses and Financial Services Compensation Scheme (FSCS) provisions of £2.7 million, which, in turn, led to increased capital, which now stands at £17.8 million. 


Head of Swansea Building Society attributes Carmarthen growth to personal approach

The Chief Executive Officer (CEO) of Swansea Building Society has hailed the success of the Society’s newest branch in Carmarthen as proof that customers still desire and value face-to-face contact and a personal service for many of their financial transactions.

The branch made an operating profit in its first full year during 2016, performing much better than anticipated, with savers depositing more than £27 million of new savings with the branch. Nearly £22 million of this money has been lent to borrowers in the West Wales locality in the form of mortgages.

The rapid growth of the new branch was one of the main drivers of the Society enjoying a strong increase in its total assets and a modest increase in its profits in 2016.  As a result of the growth in West Wales the Branch employs eight staff including two Managers.

Alun Williams, CEO of Swansea Building Society, said the Society prides itself on providing savers and borrowers with a flexible face-to-face service. This enables the Society to really get to know its customers, understand their needs better and take a more personal view of their individual circumstances. 

Such an approach has gone down particularly well in West Wales, where many banks and building societies do not have full time branch-based qualified mortgage advisors. Mr Williams also noted that many banks and building societies have been closing smaller branches in South West Wales in recent years, preferring to direct customers online or to call centres.

Williams commented: 

“Swansea Building Society has maintained a traditional approach to financial services, where customers receive a personal and friendly service with a branch representative that takes the time to really understand their needs. Getting to know our customers rather than directing them to impersonal automated services has proved successful for the Society, particularly for our customers in the Carmarthenshire region, which just shows a service with a personal touch is of great importance. 

“We are delighted with the contribution made by our newest office in Carmarthen, which has been a significant factor in another strong set of annual results for the Society. Despite the substantial investments we made in staff, infrastructure and IT systems last year, we have delivered an extremely pleasing set of results. 

“Although Carmarthen only opened on 31 October 2015, in its first year of trading to 31 December 2016 it recorded a profit - an exceptional performance from Sioned Jones, Branch Manager and her team. The new branch has had a significant impact in the wider West Wales region, heightening the profile and products provided by the Society.” 

Swansea Building Society’s annual income was £5.7 million in 2016, an increase of £300,000 or 6 percent on its income of £5.4 million a year earlier. It was boosted by increased retail savings balances across all of its branches – but Carmarthen in particular. This helped its total assets increase by 16.2 percent to reach a new record level of £268.6 million.

The Society also increased its net profit to just over £2 million, an increase of £12,000 in comparison to 2015, despite the appointment of additional staff at its Carmarthen branch and head office, and continued investment in its IT systems. 

Swansea Building Society’s balance sheet is 100 percent funded by retail and business savings and retained profits, meaning it has no reliance on the wholesale money markets to fund either asset growth or mortgage lending. 


Solid year for Swansea Building Society as new office makes bright start

Swansea Building Society enjoyed a strong increase in its total assets and a modest increase in its profits in 2016, mainly driven by the success of its newest branch in Carmarthen, which generated increased retail savings and mortgage balances during the year.   

The Building Society’s annual income was £5.7 million in 2016, an increase of £300,000 or 6 percent on its income of £5.4 million a year earlier. It was boosted by increased retail savings balances across all of its branches – but Carmarthen in particular, which opened in October 2015. This helped its total assets increase by 16.2 percent to reach a new record level of £268.6 million.

The Society also increased its net profit to just over £2 million, an increase of £12,000 in comparison to 2015, despite the appointment of additional staff at its Carmarthen branch and head office, and continued investment in its IT systems. 

The Building Society’s total loan book increased to £185 million in 2016, an increase of £15.2 million or 8.9 percent on the £170 million outstanding in 2015. This helped generate an operating profit before impairment losses and Financial Services Compensation Scheme (FSCS) provisions of £2.7 million, which, in turn, led to increased capital, which now stands at £17.8 million. 

Alun Williams, Chief Executive Officer of Swansea Building Society, said he was pleased with the results and the extent to which its investment in setting up a new branch has delivered results. But he also warned that some aspects of government policy that applies to building societies continues to make life difficult for niche players that do not use the wholesale money markets for funding. 

Alun Williams said:

“We are delighted with another strong set of results, particularly the contribution made by our newest office in Carmarthen. Despite the significant investments we have made in staff, infrastructure and IT systems last year, we have delivered an extremely pleasing set of results. 

“That said, the economic landscape remains uncertain and we still face some challenges. Contributions to the Financial Services Compensation Scheme (FSCS) continue to weigh heavily on the Society and the costs are proportionately higher than that levied on the banks due to our reliance on retail depositors rather than wholesale funding. 

“Following the United Kingdom’s vote to leave the European Union, the Bank of England base rate reduced to 0.25 percent with effect from 4 August 2016, having been at 0.50 percent since 5 March 2009. Most economic forecasters expect UK Economic growth to slow in 2017 and if that is the case then the bank base rate is likely to remain at 0.25 percent well into 2017, and possibly beyond.” 

Williams explained that the Society has also benefitted from stimulus in the form of the Funding for Lending Scheme (FLS), which has served to depress both the retail and wholesale borrowing costs of the banking and building society sectors. But he added that while the resultant low interest rate environment benefits borrowers, savers lose out and Swansea Building Society must carefully manage inflows of funds in such an environment.

“In addition to the base rate reduction, the bank announced a package of measures including a new Term Funding Scheme (TFS) of up to £10 billion of UK Corporate Bonds and an expansion of the asset purchase scheme for UK Government bonds of up to £435 billion. Unfortunately, whilst the above will reduce the borrowing costs for households and businesses, it has led to a further reduction in savings interest rates across the UK. We remain acutely aware of the negative impact that these very low interest rates are continuing to have on our savings members.  

“We kept our savings interest rates as high as we could for as long as we could during 2016. It is a measure of how competitive our current range of savings accounts are that our savings balances increased by £35.7million (16.6%) to £250.3million of savings balances under management during the year.” 

The Society’s balance sheet is 100 percent funded by retail and business savings and retained profits, meaning it has no reliance on the wholesale money markets to fund either asset growth or mortgage lending.  


Swansea Building Society helps homeless people in the city

Following another successful AberDewi Festival – a Swansea event that celebrates the patron saint of Wales while raising money for the homeless - Swansea Building Society has been praised for raising a substantial sum through its sponsorship of one of the event’s competitions.

Swansea Building Society sponsored the Apprentice AberDewi Business Competition, which raised over £1200 for two charities for the homeless - The Mother Teresa Nuns and Zac’s Place. 

Along with Swansea Building Society, the young people from Ysgol Gyfun Gŵyr, Ysgol Gyfun Bryntawe, and Bishop Vaughan Comprehensive School who participated in the competition were inspired by the good will of both charities for their efforts to help people living on the streets of Swansea. 

Alun Williams, Chief Executive Officer of Swansea Building Society, commented:

“We are very proud to be involved with the AberDewi Festival. It is a wonderful event for the city that celebrates Welsh culture yet has a very important cause at its centre. The work The Mother Teresa Nuns and Zac’s Place charities do for the homeless in Swansea is truly admirable and we are pleased to have been able to support these crucial charities through sponsoring the Apprentice-style AberDewi Business Competition. 

“As a business that is built from the support of the community, we couldn’t be more pleased to show our support for the AberDewi Festival.”

The 2017 AberDewi Festival marked the third year the event has been held. Thousands gathered in Swansea city centre to take part in the free community event that not only celebrates Saint David’s Day, but everyone who lives in a modern, inclusive and diverse Wales. 


Jane Parker Sky Dive
Charity Sky Dive for Tŷ Hafan – 25 September 2016

Jane Parker Branch Manager of our Swansea office recently took part in a Skydive to raise funds for Tŷ Hafan. 

Tŷ Hafan - the hospice for children in Wales, is one of the UKs leading paediatric palliative care charities and offers care to children and support for their families throughout Wales.  This incredible charity provides expert comfort and support to families in their darkest hours and beyond.

Jane joined fellow daredevils Hayley Davies, CEO and Director of JCP Solicitors and Gavin Jones, owner of Leo Eye Care in Skewen, at Swansea Airport where they flew to 12,000 feet before jumping out of the aircraft.  The event was organised by Hayley in her role as President of Swansea Bay Business Club of which Swansea Building Society and Gavin Jones are fellow members.

This was the last of three events organised by Hayley to raise funds for Tŷ Hafan.

Jane raised £820 through sponsorship which Swansea Building Society will match. A cheque for £1640 will be presented to Swansea Business Club for Tŷ Hafan.  The total funds raised throughout Hayley’s presidential year was in excess of £42,000 at the end of September.


High 5 Awards
High 5 Awards Ceremony – Liberty Stadium 29 October 2016

The High 5 Awards are organised by Swansea Council and rewards Swansea’s most inspirational children and young people.

Jane Parker, Swansea Branch Manager and Martin Lewis, Business Development Manager attended the awards ceremony which Swansea Building Society have sponsored since the scheme was established in 2011.

Other sponsers were Gower College, Swansea City FC, The Wave, Rotary Club of Swansea, Trade Tyres Swansea, Swansea Building Society, Day's Rental, Stenor Environmental Services, Swansea Council's recycling team, Swansea Lord Mayor's Office, Dragon Events, and The Dragon Hotel.

Swans Captain and Ambassador of the High 5, Leon Britton presented honours to those who are overcoming barriers to be the best they can or are improving the lives of others in their families, schools or communities.

Judges honoured a young daughter supporting her mum through cancer and a teenager who won't let illness get in the way of hard work and exam success.

Other winners included a boy turning his behaviour around to make his school and community a better place, teenagers who have overcome troubled childhoods and inspirational young parents overcoming the odds for their own children's future.


New Staff
Swansea Building Society appoints three new staff members as business expands

Swansea Building Society has hired three new members of staff at its Carmarthen branch as the company expands the business into Pembrokeshire.

Jade Francis from Haverfordwest (top photo, right) has been appointed as business development manager for Pembrokeshire. Jade has a solid background in financial services across the South Wales region, having previously worked as a mortgage advisor and financial consultant at Halifax, as well as a financial advisor at Forester Life.

Paula John from Carmarthen (top photo, left) joins the team as manager’s assistant. Paula brings 22 years’ experience in financial services to her new position, having worked most recently at Cooperative Bank and as a financial advisor at Britannia (Coop), Alliance & Leicester and Principality Building Society.

To serve the customers at the Carmarthen branch, chief cashier Jill Allen from Llanelli (bottom photo) has been appointed, bringing with her 32 years’ experience from NatWest.   

Following the opening of the Carmarthen branch in November 2015, Swansea Building Society has experienced more growth in West Wales than anticipated. The society has reported a rise in enquiries from people in Pembrokeshire requiring mortgages and savings accounts. This has meant the company has needed to increase its staff base to meet this demand and continue to provide the highest level of service at the branch.

Alun Williams, chief executive of Swansea Building Society, suggests the growth of the Carmarthen branch is a result of being committed to a face-to-face and personable business model that has been well received in the West Wales region and beyond.

Williams commented: “The business is paddling in the opposite direction to mainstream banks in terms of pushing people to the online banking model. We pride ourselves on providing a more personal approach to our service and really engaging with our customers as much as possible.

“Expanding to serve the people of Pembrokeshire was the natural course for the business due to the number of people from this area approaching the Carmarthen branch for services. This growth has therefore meant we have been able to invest in talented local people and provide them with jobs with the society.”

Swansea Building Society plans to continue its expansion of the business, with the view to branch into Ceredigion and Pembrokeshire to meet demand for its services. 


Swansea Building Society becomes headline sponsor of PRIME Cymru

Swansea Building Society has become the main sponsor of PRIME Cymru; the only organisation in Wales dedicated to providing practical support to people aged 50 and over, who want to become and remain economically active.

The financial services company, which has branches in Swansea, Mumbles and Carmarthen, has provided substantial financial support to the charity as part of its corporate social responsibility programme and dedication to giving back to its customers and community.

PRIME Cymru was established in 2001. Since inception, the organisation has engaged with over 20,000 people over the age of 50 in Wales and has helped over 11,000 of these to find employment, set-up a business, retrain, or become active community volunteers. The charity also runs the largest mentoring programme in Wales with over 400 volunteer mentors.

Alun Williams, chief executive of Swansea Building Society, said he was honoured to be associated with such a worthy Welsh charity.

Alun commented:
“We are very proud to have this association with PRIME Cymru through being the charity’s main sponsor, especially as it’s a charity that really means something to the business and our stakeholders.

“Due to the longevity of the business, which was founded back in 1923, Swansea Building Society has many long-term and loyal customers. These customers can relate to the matters addressed by PRIME Cymru, which is why we are more than happy to provide our support across the country for its users.”

Jules Weston, head of communications and fundraising at PRIME Cymru, said:

“PRIME Cymru is very grateful to Swansea Building Society for its support. We are a charity that is dedicated to providing tailored advice and support to the economically inactive 50 plus age group and without the support from organisations like Swansea Building Society, this wouldn’t be possible.”


Swansea Building Society backs the Whites in three year deal
Swansea Building Society backs the Whites in three year deal

One of Wales’ oldest rugby clubs with deep roots in the Swansea community has partnered with a local financial services company with an almost equally long history and connection to the city.

Swansea Building Society, founded in 1923, has signed a three year deal to be the main kit sponsor of Swansea RFC – itself founded in 1874.

Players from senior teams will display the Swansea Building Society logo as the main branding on shirts from the current season.

Alun Williams, Chief Executive of Swansea Building Society, said he was delighted to have agreed a long-term partnership with a club with such close connections to the local community and grass roots rugby.

Alun said:

“As a Swansea based company, we are thrilled to support Swansea RFC for three years. The club has a fantastic heritage and also very strong links into the community, which is important to us.

“The club does a great job in promoting sport across a wide age group in the community. We feel that thanks to this partnership both us and the club will benefit from the association. We are now looking forward to a new season and wish the club every success in competitions this year.”


Society step up to sponsor the second Macmillan Cancer Support event
Swansea Building Society step up to sponsor second Macmillan Cancer Support event

With the 19th instalment of the Gower Macmarathon fast approaching, headline sponsors Swansea Building Society are making a last call to get as many people involved and raise as much money as possible for Macmillan Cancer Support.

Swansea Building Society was the headline sponsor of the event for the first time in 2015. The building society is now celebrating its second anniversary of its partnership with the Macmillian event by once again entering a team of walkers made up of staff at the company.

Leading the society’s walkers on 17 September will be chief executive Alun Williams, who took part in last year’s event for the first time, raising £12,000 at the 2015 Macmarathon with his team. The dedicated team will again complete the 22 miles from Rhossili to Mumbles Cricket Club to raise money for specialist cancer services. Walkers taking part in this year’s Macmarathon have the option to complete a 22 or 14-mile walk around the stunning Gower peninsula. The 14-mile option takes walkers from Port Eynon to Mumbles Cricket Club.

For those looking for something a little gentler, event organisers Volunteer Macmillan Swansea Committee, have this year added a two-mile walk from Caswell Bay to Mumbles Cricket Club.

Last year’s ‘Coming of Age’ event raised £174,000. Since the event started in 1997, the fundraiser has raised over £1m for Macmillan Cancer Support. Over 1000 walkers have already registered to take part in the event. Organisers expect all 1200 spaces to be filled on the day.

Commenting on the sponsorship and the team’s efforts, chief executive of Swansea Building Society, Alun Williams, said: 
“We are delighted once again to be sponsoring and taking part in this very popular fundraising event for Macmillan Cancer Support. It’s great that we can put something back into the local community as the only building society or bank with its headquarters in West Wales. I enjoyed taking part last year for the first time. It’s a fun social event and it helps with the fitness too, so I’m delighted that the Swansea Building Society is the headline sponsor and taking part once again. We hope that we can add to the money we raised last year.”

South Wales fundraising manager, Kathryn Morgan, thanked Swansea Building Society for their continued support as sponsors of the annual event:
“We are very grateful to have the support of Swansea Building Society again this year. As the event enters its 19th year, it’s wonderful to see the fundraiser is increasingly being supported year on year. We’re overwhelmed that the total money raised from this event, which originally started with just a handful of local walkers, has crossed the £1m mark.”

In Wales, over 19,000 people are diagnosed with cancer every year. More than 130,000 people are currently living with or beyond cancer. By 2030, it is expected that this figure will double. Encouragingly, survival rates are steadily improving and many people recover from cancer.