About from company website
The Development Bank of Wales is a development finance company wholly owned by the Welsh Ministers, dedicated to unlocking economic potential in Wales. They provide sustainable and effective finance, including loans and equity, to businesses that can contribute positively to the Welsh economy, both financially and socially. Their investment principles focus on addressing market failure, operating on commercial terms, and considering environmental, social, and governance factors.
They offer a range of funding options tailored to different business needs, from micro loans for startups to larger investments for growth and property development. This includes specific schemes for technology ventures, succession finance, and commercially viable property projects. The bank aims to crowd in private sector co-investment and support businesses with strong social, ethical, and environmental standards.
With a significant direct investment in Welsh businesses and a substantial impact on job creation, the Development Bank of Wales plays a crucial role in fuelling possibilities for businesses and communities across Wales. They manage various funds totalling £2bn, supporting diverse sectors and project types, including new residential and commercial developments, refurbishments, and green initiatives.
Services
Works as
Sectors
Is this your company?
This profile was compiled from public records. Claim it to add the things buyers ask for:
- Services and specialisms in your own words
- Accreditations and insurance, with cover levels
- Areas you cover and how far you travel
- Typical project size and contract types
- Recent projects with photographs
- Capability statements and brochures to download
- Plant and in-house trades you own
- Who to contact for enquiries and tenders
Questions about Development Bank of Wales from the record on this page
What does Development Bank of Wales do?
Development Bank of Wales provides flexible business finance for companies based in Wales, offering loans and equity from £1,000 up to £10 million. Their listed services include Property developer.
Where is Development Bank of Wales based?
Development Bank of Wales is registered at 8 Science Park, Aberystwyth, SY23 3AH, in West Midlands.
What areas does Development Bank of Wales cover?
Development Bank of Wales states that it works across Wales.
How many people work at Development Bank of Wales?
Accounts filed for the year to 2022 report 1 employees, which places the company in the 1-9 employees band.
Is Development Bank of Wales still trading?
Companies House lists Development Bank of Wales as active, with accounts most recently made up to 2022-12-27.
What sectors does Development Bank of Wales work in?
Development Bank of Wales works in Residential, Commercial, Industrial and Energy.
When was Development Bank of Wales established?
Development Bank of Wales was incorporated on 2015-12-23.