Finance Wales Launches £136M SME Fund

Finance-walesIn order to support local businesses, Finance Wales has launched a new £136m fund.

The new fund, backed by Welsh Government and the European Regional Development Fund, would offer £136m worth of flexible funding solutions to businesses based in Wales to accelerate their plans for investment and domestic and international growth over the next seven years.
It will make debt and equity packages available from £50,000 up to £2 million to SMEs.

Part of more than £700m of funds managed by the Finance Wales Group, the new fund will be complemented by the evolution of Finance Wales into a Development Bank for Wales.
Last financial year, the Government led investment firm invested £45m into Welsh SMEs, leveraging an additional £64.6m in private sector investment.



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