React native build failure

I have a react native app that when Run from XCode it works as expected (builds and runs on a simulator). But when I try run it from my terminal with

npx react-native run-ios

I get the error:

error Failed to build iOS project. We ran "xcodebuild" command but it exited with error code 65. To debug build logs further, consider building your app with Xcode.app, by opening foo.xcworkspace.
Command line invocation:
    /Applications/Xcode.app/Contents/Developer/usr/bin/xcodebuild -workspace foo.xcworkspace -configuration Debug -scheme foo -destination id=FEB37

User defaults from command line:
    IDEPackageSupportUseBuiltinSCM = YES

xcodebuild: error: The workspace named "foo" does not contain a scheme named "foo". The "-list" option can be used to find the names of the schemes in the workspace.

It might have something to do with my schemes here

When I manage my schemes in XCode I do NOT see scheme 'foo'. It is a generic app so it uses scheme 'bar' which is in the XCode manage gui.

I've also tried

npx react-native run-ios --configuration Debug --scheme Development

and get a very large logout with it ending in:

** BUILD FAILED **

The following build commands failed:
        MergeSwiftModule normal x86_64
        CompileSwiftSources normal x86_64 com.apple.xcode.tools.swift.compiler

If I downgrade XCode from 12.5 to 12.0.1 it works as expected. But I would like to use the latest XCode.

If I run react-native info

info Fetching system and libraries information...
(node:11609) Warning: Accessing non-existent property 'padLevels' of module exports inside circular dependency
(Use `node --trace-warnings ...` to show where the warning was created)
System:
    OS: macOS 11.4
    CPU: (16) x64 Intel(R) Core(TM) i9-9880H CPU @ 2.30GHz
    Memory: 905.50 MB / 16.00 GB
    Shell: 5.8 - /bin/zsh
  Binaries:
    Node: 14.16.0 - ~/.nvm/versions/node/v14.16.0/bin/node
    Yarn: 1.22.4 - /usr/local/bin/yarn
    npm: 6.14.11 - ~/.nvm/versions/node/v14.16.0/bin/npm
    Watchman: 4.9.0 - /usr/local/bin/watchman
  Managers:
    CocoaPods: 1.10.1 - /usr/local/bin/pod
  SDKs:
    iOS SDK:
      Platforms: iOS 14.5, DriverKit 20.4, macOS 11.3, tvOS 14.5, watchOS 7.4
    Android SDK:
      API Levels: 28, 29, 30
      Build Tools: 29.0.2, 30.0.3, 31.0.0
      System Images: android-28 | Google Play Intel x86 Atom, android-29 | Intel x86 Atom_64, android-30 | Google APIs Intel x86 Atom
      Android NDK: Not Found
  IDEs:
    Android Studio: 4.2 AI-202.7660.26.42.7351085
    Xcode: 12.5/12E262 - /usr/bin/xcodebuild
  Languages:
    Java: 15.0.2 - /usr/bin/javac
  npmPackages:
    @react-native-community/cli: Not Found
    react: 17.0.2 => 17.0.2 
    react-native: 0.64.0 => 0.64.0 
    react-native-macos: Not Found
  npmGlobalPackages:
    *react-native*: Not Found

I've tried restarting my mac... Do I have to wait for dependencies to be updated?

Here is the Podfile

require_relative '../node_modules/react-native/scripts/react_native_pods'
require_relative '../node_modules/@react-native-community/cli-platform-ios/native_modules'
platform :ios, '10.0'


target 'vicinity' do
  config = use_native_modules!

  use_react_native!(
    :path => config[:reactNativePath],
    # to enable hermes on iOS, change `false` to `true` and then install pods
    :hermes_enabled => false
  )
end

post_install do |installer|
  react_native_post_install(installer)
end

I have also tried to clean and rerun the start script.

Any help in getting this to build in terminal would be great.