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Development Bank Of Wales

Development Bank of Wales is a Welsh Government-backed economic development finance provider offering business loans and equity finance to businesses based in, or relocating to, Wales. It serves entrepreneurs starting, growing, or buying businesses, as well as tech ventures and property developers, providing sustainable and effective business finance to fuel Welsh businesses and communities.

Wales, UK

Overview

Description

The Development Bank of Wales provides finance and support to businesses in Wales, backed by the Welsh Government. Its services include business loans (ranging from micro loans of £1,000 up to large financial packages of £10 million), equity finance for tech start-ups and established businesses, succession finance for business buyers, property development loans for residential and commercial projects, and green business loans to support decarbonisation. It also conducts independent research providing robust data on the Welsh economy. The bank serves entrepreneurs starting a business, companies looking to grow, management teams or buyers acquiring businesses, technology-based ventures, and property developers, having made over £1bn in direct investment and supported over 51,000 jobs in the Welsh economy.