The Development Bank of Wales is wholly owned subsidiary of the Welsh Government. It is here to enable the Welsh Government to deliver its policy objectives across Wales. On the one hand, it will serve Welsh businesses, giving them the capital they need to start up, strengthen and grow. On the other hand, it will serve 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.
“The Development Bank will be the first of its kind in the UK...providing focussed support for micro, small start-ups and innovative businesses across Wales enabling them to become fitter, bigger and stronger."
European Regional Development Fund
The Development Bank of Wales is delivering the £180.9m Wales Business Fund which is funded by ERDF from the European Union and by the Welsh Government.
Our private sector funders
We also have a number of private sector funders:
- European Investment Bank
- Clwyd Pension Fund
Investment into SMEs is substantially improved where finance and business support are aligned. To make this happen, the Development Bank of Wales works with Business Wales, making it simpler and easier for businesses to access support alongside finance. A referral scheme between the Development Bank and Business Wales helps business in Wales benefit from a more rounded approach to business support.