The Development Bank of Wales (branded as simply Banc; ) is a Welsh

development bank Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or ...

that provides financial support for Welsh businesses and is owned by the

Welsh Government The Welsh Government ( ) is the Executive (government), executive arm of the Welsh devolution, devolved government of Wales. The government consists of Cabinet secretary, cabinet secretaries and Minister of State, ministers. It is led by the F ...

. The bank provides loans for businesses to start up, strengthen and grow and also provides equity investments for already established businesses.

Services

The Group manages funds in excess of £1.4 billion and consists of the fund managers Development Bank of Wales and FW Capital, which invest in SMEs as well as Angels Invest Wales, a business angel network. The Development Bank of Wales Group can make

debt Debt is an obligation that requires one party, the debtor, to pay money Loan, borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual. Co ...

mezzanine A mezzanine (; or in Italian, a ''mezzanino'') is an intermediate floor in a building which is partly open to the double-height ceilinged floor below, or which does not extend over the whole floorspace of the building, a loft with non-sloped ...

and

equity investment A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an inve ...

s of up to £10 million at all stages (early stage, development capital, as well as succession and acquisition) and also structures follow-on investments for its portfolio. The Group also syndicates/co-invests. Development Bank of Wales has four offices across Wales –

Wrexham Wrexham ( ; ) is a city status in the United Kingdom, city in the North East Wales, north-east of Wales. It lies between the Cambrian Mountains, Welsh mountains and the lower River Dee, Wales, Dee Valley, near the England–Wales border, borde ...

Cardiff Cardiff (; ) is the capital city, capital and List of urban areas in the United Kingdom, largest city of Wales. Cardiff had a population of in and forms a Principal areas of Wales, principal area officially known as the City and County of Ca ...

Llanelli ; ) is a market town and community (Wales), community in Carmarthenshire and the Preserved counties of Wales, preserved county of Dyfed, Wales. It is on the estuary of the River Loughor and is the largest town in the Principal areas of Wales, ...

and

St Asaph St Asaph (; "church on the Elwy") is a City status in the United Kingdom, cathedral city and community (Wales), community on the River Elwy in Denbighshire, Wales. At the 2021 United Kingdom census, 2021 census the community had a population ...

. The Development Bank of Wales was launched in October 2017, replacing its predecessor Finance Wales (2001–2017). In 2018, Economic Intelligence Wales was launched as part of the Development Bank of Wales Group. A collaboration between Cardiff University, the Office of National Statistics and the Development Bank of Wales, Economic Intelligence Wales collates and analyses data to create independent, robust and reliable insight to help better understand and improve the Welsh economy.

References

External links

Development Bank of Wales

FW CapitalAngels Invest WalesEconomic Intelligence Wales
{{Economy of Wales 2017 establishments in Wales Banks established in 2017 Financial services companies of Wales Wrexham Companies based in Cardiff Banks of Wales Government-owned companies of Wales

Services

See also

References

External links