As it prepares to form part of the new freeport in South Wales under the Celtic Freeport banner, the port aims to solidify its status as the UK’s largest energy port while expanding into hospitality, tourism, and renewables.
With this funding, the port, operating as an independent trust port, will enhance its pilotage capability by investing in a new pilot transfer vessel. It will also revamp a vacant retail unit now occupied by McDonald’s and refinance Ty Milford Waterfront Hotel, a 100-bedroom establishment managed by Celtic Collection.
At Pembroke Port, funds will be directed towards modernizing the dockyard to attract developers of marine renewable technologies and their supply chains. Additionally, the port is positioning itself to be a key supplier for new floating windfarms in the Celtic Sea, aligning with the Crown Estate’s new licensing round. 
The port’s strategic investments are well-timed, given the anticipated growth in floating offshore wind projects. With ambitions for significant turbine installations, the port aims to anchor the supply chain in Pembrokeshire, creating sustainable employment opportunities.
Furthermore, the port is committed to sustainability initiatives, such as expanding its electric van fleet and installing LED lighting, aligning with its goal to achieve Net Zero status by 2050.
Jonathan Chitty, Chief Financial Officer at the Port of Milford Haven, expressed excitement about the growth plans, emphasizing their positive impact on job creation and regional economic development. Simon Williams, Relationship Director at HSBC UK, commended the port’s diversification efforts, recognizing their contribution to local economic stability and job creation.
