Development Bank of Wales

The Development Bank of Wales is a Welsh Government-owned bank that offers financial support to Welsh businesses, property developers, and homeowners. It provides loans for businesses to start up, scale, and grow, as well as equity investments for early-stage and established businesses. The bank manages funds exceeding £1.4 billion and operates through offices in Wrexham, Cardiff, Llanelli, and St Asaph. It offers a range of financing options, including debt, mezzanine, and equity investments up to £10 million at all stages, from early-stage development capital to succession and acquisition financing. The bank also structures follow-on investments for its portfolio companies and engages in syndication and co-investment opportunities. Additionally, the Development Bank of Wales manages several funds, such as the Wales Business Fund, Wales SME Investment Fund, and Wales Technology Venture Investment Fund, each targeting specific sectors and stages of business development. The bank's mission is to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses across Wales. It aims to increase the supply and diversity of early-stage finance for smaller businesses, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance. The bank also embeds Environmental, Social, and Governance (ESG) awareness into its design to support the UK economy's transition to net zero. Since its launch in October 2017, the Development Bank of Wales has made significant investments, including over £18 million into Welsh small businesses as of June 2025, supporting 71 investments into 67 businesses across Wales. This includes an additional £3 million of private sector co-investment leveraged as a result of the bank's support. The bank's diverse portfolio spans various industries, including technology, healthcare, manufacturing, renewable energy, and creative industries, reflecting its commitment to fostering a robust and sustainable economy in Wales. Its strategic focus on supporting businesses at different stages of development, from startups to established enterprises, underscores its role as a pivotal financial institution in the region's economic landscape. Through its comprehensive suite of financial products and services, the Development Bank of Wales continues to play a crucial role in nurturing business growth, innovation, and job creation across the country.