Business loans to support grants

Who are we?

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.

Grants usually cover only part of the total costs of a project, and often come with a match funding requirement, meaning that you'll either need to use some of your own money or raise external finance. We provide flexible loans which can be combined with grants to give you the complete funding package you require. 

Our loans range from £1k to £10m over terms of up to 15 years with fixed interest rates.
 

Our benefits

99% of new customers recommend us*

• Local teams who want to get to know your business
• Support for both start-ups and established businesses
• Finance that fits around your individual needs 

Just a few things you need to know first:

• Only businesses based in Wales or willing to relocate can apply.
• Our online application takes about 10 minutes to complete on average.
• You can upload supporting documents such as business plans and financials to help speed up processing your application.
• You can save your progress and return to complete the form another time. Partially completed application forms will only be available up to one month before being deleted.

*Based on a customer feedback survey sample of 115 businesses between April 2019 and March 2020.