Development Bank of Wales
The Development Bank of Wales Group is one of the UK’s largest regional SME investment companies and provides growth capital for small and medium-sized businesses in the UK.
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| Public limited company | |
| Industry | Financial services |
| Headquarters | Wrexham, Wales, UK |
Key people |
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Number of employees | 170 (approximate) |
| Parent | Welsh Government (formerly Welsh Development Agency) |
| Website | developmentbank |
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, mezzanine and equity investments of up to £5 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.
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.
Development Bank of Wales has four offices across Wales - Wrexham, Cardiff, Llanelli and St Asaph.
2017 - The Development Bank of Wales
In October 2017 the Development Bank of Wales was launched replacing its predecessor Finance Wales (2001 - 2017)