Development Bank of Wales

We want to unlock potential in the economy of Wales by increasing the provision of sustainable, effective finance in the market.

For Wales to prosper, our businesses need to prosper   

When our businesses thrive, they create a higher number of better quality jobs. The taxes they pay strengthen our public finances. The people they employ strengthen our communities. When Welsh businesses are strong, Wales is strong.

For our businesses to thrive, they need finance

The Development Bank of Wales was set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance needed to start up, strengthen and grow.


We’re a unique resource for Wales

We can support Welsh businesses in the following ways:

  • Loans from £1,000 - £10 million to start, strengthen or grow your business
  • Equity investment from £50,000 to £10 million for established businesses
  • Seed finance for pre-revenue tech start-ups
  • Equity investment for early stage and mature technology-based businesses
  • Finance up to £10 million to buy a business (business owners and management teams)
  • Property development loans for projects in Wales
  • Referrals to Business Wales for business advice and support
  • Co-investment alongside banks, crowd funders, grants, investors and other lenders


Visit our Get business finance section to see our range of finance available.

Find out more

We will have a billion pound impact on the Welsh economy over the next five years. Aiming to support 1,400 businesses and for those businesses to create and safeguard more than 20,000 jobs, the development bank will provide flexible funding at all business stages with funding available from £1,000 to £5 million, over periods of up to ten years.


Unlike other lenders, we're backed by a mixture of private and public funds. We manage a number of investment funds for businesses in Wales including the Wales Business Fund which is part-funded by ERDF, through the Welsh Government. As the businesses we help thrive, the money comes back to the development bank in order to be reinvested. That means it doesn’t just help businesses succeed now. It helps fund the next generation of Welsh success stories too.

We also manage the Help To Buy Wales scheme aimed at helping first-time buyers in Wales get on the property ladder. 


Finance Wales was set up in 2001 to help Welsh businesses realise their potential for innovation, growth and economic impact. Over the last 16 years, it invested £0.5 billion in Welsh businesses and attracted £0.6 billion more from private sector investors.

As the landscape for business finance in Wales evolved, an Access to Finance review was announced in 2013 by Welsh Government. It recommended the creation of a public development bank, a national financial institution which would have a greater scope for giving business in Wales the support they need. In 2016, the First Minister announced the creation of the Development Bank of Wales as a key government priority. In July 2017, it was announced that the new organisation would launch in October 2017.

Now open for business, we're here to build on Finance Wales' success and enhance the Welsh economy by backing more businesses in Wales than ever before.

The Development Bank of Wales is a subsidiary of the Welsh Government. It serves Welsh Government, by directing public funds to where they can have most impact - on a larger scale, at a faster speed, and in a sustainable way.

More information. 

We are here to serve Welsh businesses, with a strong focus on micro-businesses and small to medium-sized enterprises (SMEs). We also have the flexibility to support larger businesses. We can support businesses across sectors and at all growth stages. We also have a specialist team to support tech ventures. We operate an ‘all Wales’ policy, monitoring the impact of the investments we make so that every region of Wales benefits.

See our customer charter here

The Development Bank of Wales Group is made up of the Development Bank of Wales, Angels Invest Wales and North of England fund manager FW Capital.

See our reports and documents section for more information.