We're sorry

Due to the level of demand for Covid-19 Wales Business Loan Scheme we are fully subscribed and not accepting more applications as we temporarily focus our resources on ensuring funds reach businesses as quickly as possible.

We appreciate these are difficult times for everyone and recommend businesses currently seeking a loan should consider the Coronavirus Business Interruption Loan Scheme available for SMEs through over 40 accredited UK lenders.

The Welsh Government has announced the launch of the Economic Resilience Fund. Businesses can benefit from a £400 million emergency pot providing:

• grants of £10,000 for micro-businesses employing up to nine people. This includes sole traders employing staff. Qualifying businesses will be able to apply by mid-April.
• grants of up to £100,000 for small and medium sized firms with between 10 and 249 employees. Qualifying businesses will be able to apply by mid-April.
• support for larger Welsh companies, which are of critical social or economic importance to Wales. This element will be open to qualifying businesses within the next two weeks.

For more information click here.

Full details on the eligibility criteria can be found on the Business Wales Fund Checker.

Business in Wales can also visit Business Wales for more information on support available.

For existing customers, we’ve put in place business continuity measures to ensure our portfolio teams are available and can continue to support you including a 3 month repayment holiday.

If you have any other concerns or need to speak to us about your investment, please contact your portfolio executive or email info@developmentbank.wales