A POPULAR pub in a trendy district of South Wales has announced it is closing.

The Conway, in Pontcanna, described how financial difficulties have become to “unwieldy to manage”.

The gastro pub has been trading in the heart of Pontcanna for 15 years.

On their Facebook page, the owners said: “We are extremely sad to have to announce the closure of The Conway.

“The much publicised financial difficulties which have plagued the hospitality industry have finally become too unwieldly to manage.”

“Despite our very best efforts to mitigate them, the challenge is now too great to enable us to continue trading.”

Penarth Times: They say they are closing due to unwieldly financial pressureThey say they are closing due to unwieldly financial pressure (Image: Google Maps)

The high street has seen eateries and restaurants come and go.

Sausage Revolution in Barry closed its doors for good in November.

Kerry’s Deli, on the town’s Park Crescent, closed its doors in the new year.

While in Penarth, the high street lost an outlet to the brownie chain Love Brownies on Windsor Road in the summer.

However, the town could be getting a new Italian restaurant, with Amici D’Italia opening in the former site of Casa De Margarita on the highly sought-after Esplanade.

Penarth Times: Sausage Revolution closed in NovemberSausage Revolution closed in November (Image: Newsquest)

The hospitality trade seems to be a difficult industry to negotiate at the moment and it's not getting easier, with many people taking up “dry-January” to recover from the excess of the festive period.

Added to that, it won’t help premises that the Welsh Labour Government announced in their latest funding settlement that business rates relief brought in during the pandemic will be reduced from 75 per cent discount to 40 per cent discount when the next budget kicks in in April 2024.

The owners of the Conway finished their statement giving a nod to the community for their support.

“We would like to thank our hardworking, dedicated staff, many of whom have been with us several years.

“And of course all of our customers, but in particular our loyal regulars for their unwavering support over the years.