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Development Bank of Wales

Development Bank of Wales

Government

The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.


Recent investments

Seed
£1.3M

The funding will support US expansion plans and team growth following the company headquarters relocation to Cardiff.

"BookingLive is set to grow rapidly in the next two years, as we continue our success in the UK and look to replicate that success in the US. Securing the backing of both Blackfinch and the Development Bank of Wales is a great vote of confidence in our company and in our product."
— Vinnie Morgan, CEO

Cherwell Laboratories and the Development Bank of Wales have taken a minority stake in the environmental monitoring specialist.

"This is an exciting time for Pinpoint. We have been working on very innovative ideas to develop a new generation of microbial air monitors to meet the new Pharmaceutical regulations. This investment is perfect timing for Pinpoint and allows us to create a range of ground-breaking products for this market."
— Gethin Jones, Managing Director
Debt
£7.0K

The Cardiff hair salon raised the fast-track loan from the Development Bank of Wales.

"A fast-track loan from the Development Bank of Wales has enabled me to revamp my salon in Cardiff and invest some money into my brand and marketing. The process was so quick and simple from my application to the turnaround in just two days."
— Warren Richards, Owner
Debt
£45.0K

The ethical skincare maker will use the loan from the Development Bank of Wales to scale up its manufacturing capabilities.

"Firstly I createdtwo products to help with my son’s appalling sensitive skin. I created a cold processed soap, and an oil called Soothe. These have won three national awards between them. I have since gone on to create over 30 products, each one designed to serve a purpose. We have grown from my kitchen table, selling directly to the public at farmers markets to supplying organisations like CADW and The Royal Horticultural Society. We have around 150 independent stockists."
— George Jones, Founder
Grant
£12.0K

The funding from the Development Bank of Wales will support website development, digital advertising, and new staff hires.

"As I grew older and became more spiritual, I started to realise it was difficult to find things that were suitable for me."
— Rifhat Qureshi, Founder and Managing Director