The Wales Business Fund is one of our largest funds and helps SMEs looking to grow.
The new Wales Business Fund, is part-funded by the ERDF, through the Welsh Government. It was created specifically to support businesses with fewer than 250 employees based in Wales and those willing to move here.
This source of finance is designed to:
- Provide business loans and equity packages from £50,000 up to £2 million.
- Back start-ups, established small and medium businesses, and early-stage tech ventures
- Support businesses across a wide range of sectors
We provide short-term project finance, longer-term growth finance as well as follow-on investment and additional working capital as the business grows.
Our loans can be used alongside other lenders as well as business grants.
FAQs about the fund
The fund is £180.9 million.
The Wales Business Fund is for deals between £50,000 and £2m.
Loans, mezzanine finance, and equity investments are all available.
Terms typically range between five to seven years
Businesses are usually required to match our investment with other funds.
Any small or medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales, can apply.