Funds we manage

We currently manage a range of funds totalling £1.9bn

Our funds

How much will the fund invest?

£204 million

Where does the money come from?

Finance is provided by the European Regional Development Fund and Welsh Government.

What are the terms?

  • The Wales Business Fund is for deals between £50,000 and £5 million.
  • Loans, mezzanine finance, and equity investments are available
  • Terms range from one - seven years
  • Businesses are usually required to match our investment with other funds
  • Finance is prioritised for businesses in economically deprived areas of Wales

Who can apply?

Small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

Find out more about the Wales Business Fund

How much will the fund invest?

£500 million

Where does the money come from?

Welsh Government and us.

What are the terms?

  • The Wales Flexible Investment Fund is for deals between £25,000 and £10 million.
  • Loans, mezzanine finance, and equity investments are available
  • We have the flexibility to provide 15-year terms
  • Our ambition is to secure high value co-investment

Who can apply?

Welsh businesses.

How much will the fund invest?

£32.5 million

Where does the money come from?

The Wales Micro Loan Fund is financed entirely by Welsh Government.

What are the terms?

  • Loans between £1,000 and £50,000 are available
  • Repayment terms range between one to 10 years

Who can apply?

Small businesses, sole traders and social enterprises based in Wales, or willing to move here.

How much will the fund invest?

£20 million

Where does the money come from?

The Wales Technology Seed Fund II is financed entirely by Welsh Government.

What are the terms?

  • Equity investments between £50,000 and £250,000 are available
  • Businesses are usually required to match our investment with other funds

Who can apply?

Welsh tech businesses, and those willing to relocate here, at a proof of concept stage.

How much will the fund invest?

£25 million

Where does the money come from?

The Wales Management Succession Fund is financed by Welsh Government and Clwyd Pension Fund.

What are the terms?

  • Loans and equity investments between £500,000 and £3 million are available
  • Terms range between one - seven years.

Who can apply?

Management teams seeking to own and run their businesses.

How much will the fund invest?

£50 million

Where does the money come from?

The Wales Tourism Investment Fund is financed entirely by Welsh Government.

What are the terms?

  • Loans between £100k and £5m are available
  • Repayment terms of 10-15 years

Who can apply?

Distinctive, stand out Tourism projects that align with the priorities of Welsh Government, demonstrating commitment to the Economic Contract. Projects may include high quality, innovative products, all weather attractions, distinctively Welsh visitor focused experiences, innovative cultural or heritage projects, unusual places to stay and flagship attractions.

How much will the fund invest?

£54.5 million operated on a recycling basis 

Where does the money come from?

The Wales Property Fund II is financed entirely by Welsh Government. As the fund is recyclable, money received from these investments is reinvested.

What are the terms?

  • Loans between £150,000 and £6 million are available
  • Repayment terms are typically 24 months or less

Who can apply?

Small and medium-sized developers based in Wales, working on residential, mixed-use and commercial development projects in Wales.

How much will the fund invest?

£55 million

Where does the money come from?

The Wales Commercial Property Fund is financed entirely by Welsh Government.

What are the terms?

  • Loans from £250,000 to £5 million.
  • Maximum 5 year term.

Who can apply?

Small and medium-sized developers based in Wales, working on residential, mixed-use and commercial development projects in Wales.

How much will the fund invest?

£62.5 million (however the fund can be recycled four times over)

Where does the money come from?

Welsh Government

What are the terms?

  • Loans from £150,000 to £6 million.
  • Maximum of four-year term.

Who can apply?

Anyone looking to develop a residential site project that cannot be progressed with traditional development funding.

 

How much will the fund invest?

£8 million 

Where does the money come from?

Welsh Government

What are the terms?

  • Equity and loans from £25,000 - £250,000
  • Maximum exposure to any individual syndicate is £700,000
  • Syndicate members must not have existing investments in the company/project
  • Family or friends of syndicate members, who are involved in companies/projects, will be deemed a conflict of interest 
  • As co-investor we can contribute up to a maximum of 50% of the total deal

Who can apply?

Our Wales Angel Co-Investment Fund is available to syndicates of Investors seeking co-invest in Wales based SMEs. Syndicates will be managed by Lead Investors who have been pre-approved by Angels Invest Wales.

How much will the fund invest?

£12.5 million (initial capital which has the ability to be recycled)

Where does the money come from?

The funding is provided by Welsh Government through the climate change, energy and planning directorate

What are the terms?

  • Support to small renewable energy projects unable to access commercial funding
  • Investment of up to £2m with terms of up to 20 years
  • Demonstration of long term environmental, social and economic benefit

Who can apply?

Community groups, social enterprises, local ownership models and SMEs

 

How much will the fund invest?

£3 million

Where does the money come from?

The Town Centre Entrepreneurship Fund is financed entirely by Welsh Government. The Fund is comprised of a mix of grant (operated by Welsh Government) and loan operated by us.

What are the terms?

Who can apply?

New business start-ups and micro businesses, trading no longer than two years, who are located in the town centres of Rhyl, Bangor, Wrexham or Colwyn Bay.

Our services

How much will the fund invest?

£210 million operated on a recycling basis 

Where does the money come from?

Welsh Government

What are the terms?

  • Search, find and apply online for suitable plots for self and custom-build properties in Wales
  • Successful applicants will get a single plot and will confirm final design, costs, and builders with the Self Build Wales team
  • Applicants provide a 25% deposit on the cost of the plot. The Development Bank of Wales will provide (subject to qualifying criteria) a self-build development loan to cover the balance of the plot (75%) and the full cost of building the property.
  • Applicants oversee the building of their house and repay the property loan, upon its completion, through a repayment mortgage or other available means
  • The completed property must be the applicant’s only one upon moving in

Who can apply?

The scheme is open to everyone in Wales, including but not limited to:

  • First-time buyers
  • Existing homeowners looking to upsize, downsize or simply move to a new home in their local community
  • Older or disabled people looking to build custom adaptive housing

Some plots may have specific priority criteria set by the plot provider. Find out more on the Self Build Wales website.

How much will the fund invest?

£454 million

Where does the money come from?

Help To Buy Wales is financed entirely by the Welsh Government.

What are the terms?

  • Shared equity loans of up to 20% of the purchase price: up to £50,000 where the buyer contributes a 5% deposit
  • Homes purchased must be new builds in developments registered with the scheme, up to a value of £300,000.

Who can apply?

Anyone purchasing their first home in Wales, or those replacing their main residence in Wales.

The Leaseholder Support Scheme is a Welsh Government scheme designed to help leaseholders in significant financial hardship as a direct result of fire safety issues affecting their property. It will enable leaseholders to access independent financial advice as a means to identify solutions to address their individual and current financial circumstances. 

For eligible leaseholders, the scheme will offer a financial assessment by an Independent Financial Adviser to determine the most appropriate course of action for each household based on its particular circumstances. Following the assessment, if the IFA concludes that the most appropriate option for a leaseholder is the sale of their property, then this may be progressed under the scheme. 

Who can apply?

To be eligible to apply to the Leaseholder Support Scheme you will: 

  • Own a property in an eligible building in Wales  
  • Be an owner-occupier or a displaced resident (this is where you’ve needed to move out because the property was unable to meet your physical or occupancy needs, and cannot sell the property due to fire safety concerns so you are now renting it out)  
  • Pass the Financial Eligibility Assessment (where we check if your disposable income means you fall into the Social Metrics Commissions’ definition of significant financial hardship because of fire safety issues)  

The first step is to complete the eligibility checker to see if you're eligible for the scheme.