Development Bank of Wales

The Development Bank of Wales is a wholly owned subsidiary of the Welsh Government, established in October 2017 to provide a comprehensive range of financial support to businesses operating within Wales. Its core mission is to drive economic growth, foster job creation, and support the development of a more prosperous and resilient Welsh economy. The bank acts as a crucial enabler for businesses of all sizes, from start-ups and micro-enterprises to established SMEs seeking growth capital or succession planning solutions, ensuring access to finance that might otherwise be difficult to secure through traditional channels.

The bank offers a diverse portfolio of financial products, including various types of loans and equity investments, tailored to meet different business needs and growth stages. This flexible approach allows them to support a wide spectrum of ventures across numerous sectors. Their funding ranges significantly, from micro-loans designed for very small businesses to substantial equity and loan packages for larger, more strategic projects. This breadth ensures that Welsh businesses have a dedicated partner for their financial requirements throughout their lifecycle.

Key offerings include the Micro Loan Fund, providing finance from as little as £1,000, and the Wales Flexible Investment Fund, which can offer up to £10 million in loans and equity. Additionally, the Wales Seed Fund supports early-stage technology companies with equity investments typically up to £250,000, while the Wales Angel Co-investment Fund co-invests alongside private angel investors. Since its inception in 2017, the Development Bank of Wales has made a significant impact, investing over £500 million into Welsh businesses.

This substantial financial commitment has translated into tangible economic benefits. The bank has supported over 2,000 businesses across Wales, helping them to expand, innovate, and create employment opportunities. Their investments are instrumental in fostering a dynamic business environment, contributing to the creation or safeguarding of over 30,000 jobs. The Development Bank of Wales remains a cornerstone of the Welsh financial landscape, dedicated to empowering local enterprises and strengthening the regional economy.