Performance and impact

Our support helps Welsh businesses create or safeguard jobs, be more innovative and increase their contribution to the economy.

Development Bank of Wales impact


As Finance Wales and now as the Development Bank of Wales, we've been investing into Welsh businesses and the economy since 2001.


Direct investment into Welsh businesses


Private sector leverage 


Invested in total into the Welsh economy

(Figures as of 30 September 2021)


Jobs created or safeguarded

We support the Welsh Government’s vision of a strong Welsh economy where businesses grow and create jobs. Since 2001 we have created or safeguarded thousands of jobs in Wales.


Jobs created


Jobs safeguarded


Total jobs safeguarded or created

Half year performance - 30 September 2021

  • £51 million investment into Welsh businesses
  • £37.6 million additional investment from banks and other private-sector funders
  • 248 investments made
  • 1,373 jobs created or safeguarded in Wales    

(Figures as of 30 September 2021)


Development Bank of Wales F/Y ended 31 March 2021

  • £197.6 million total investment directly into Welsh businesses
  • £105.6 million investment into Welsh businesses*
  • £92 million additional loans through the Covid-19 Wales Business Loan Scheme
  • £60 million additional investment from banks and other private-sector funders*
  • 402 investments made*
  • 3,316 jobs created or safeguarded in Wales*     

* From 'business as usual' funds


Notable recent exits from companies we invested in include:

  • Wholebake - a 5.23 return on investment
  • Vista Retail Support - a 4.47 return on investment
  • Unite - a 2.61 return on investment
  • SIPHON - a 2.11 return on investment
  • Hudman - a 1.7  return on investment
  • Imspex - partially exited at 1.26 return on investment

As well as exits, we’ve also supported six companies through initial public offering (IPO) on AIM.

We currently have more than 100 companies in our equity portfolios.


Group figures impact

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.

Group investment history figures since 2001

  • £1.1 billion invested
  • 7,814 investments
  • £1.4 billion additional investment leveraged
  • 86,059 jobs created or safeguarded

(Figures as of 30 September 2021)


Annual reports

Read our Annual report and financial statements for the 2020/21 financial year which provides audited financial statements for the Development Bank of Wales Group as well as additional information about our objectives, how we operate and our performance and impact.

Annual report and financial statements 2020/21

Impact metrics data disclosure

See our reports and documents section for more.