The Development Bank of Wales (branded as simply Banc; cy, Banc Datblygu Cymru) is a

Welsh Welsh may refer to: Related to Wales * Welsh, referring or related to Wales * Welsh language, a Brittonic Celtic language spoken in Wales * Welsh people People * Welsh (surname) * Sometimes used as a synonym for the ancient Britons (Celtic peop ...

development bank A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitme ...

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

Welsh Government The Welsh Government ( cy, Llywodraeth Cymru) is the Welsh devolution, devolved government of Wales. The government consists of ministers and Minister (government), deputy ministers, and also of a Counsel General for Wales, counsel general. Minist ...

. 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 or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

mezzanine A mezzanine (; or in Italian language, 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 ...

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 invest ...

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 ( ; cy, Wrecsam; ) is a city and the administrative centre of Wrexham County Borough in Wales. It is located between the Welsh mountains and the lower Dee Valley, near the border with Cheshire in England. Historically in the count ...

Cardiff Cardiff (; cy, Caerdydd ) is the capital and largest city of Wales. It forms a principal area, officially known as the City and County of Cardiff ( cy, Dinas a Sir Caerdydd, links=no), and the city is the eleventh-largest in the United Kingd ...

Llanelli Llanelli ("St Elli's Parish"; ) is a market town and the largest community in Carmarthenshire and the preserved county of Dyfed, Wales. It is located on the Loughor estuary north-west of Swansea and south-east of the county town, Carmarthen. ...

and

St Asaph St Asaph (; cy, Llanelwy "church on the Elwy") is a City status in the United Kingdom, city and community (Wales), community on the River Elwy in Denbighshire, Wales. In the United Kingdom Census 2011, 2011 Census it had a population of 3,355 ...

. In October 2017 the Development Bank of Wales was launched replacing its predecessor Finance Wales (2001 - 2017). In 2018 Economic Intelligence Wales 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.

External links

Development Bank of WalesFW CapitalAngels Invest WalesEconomic Intelligence Wales

References

{{Reflist Financial services companies of Wales Wrexham Companies based in Cardiff Banks of Wales