Skip to content
Back to Investors
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

£1.2M

The funding will support cybersecurity growth and the development of a training academy.

"Our mission is to drive meaningful change by enabling teams to collaborate and innovate through technology. Having partnered with Microsoft for over two decades, we have a deep understanding of how workplace technology can transform organisations, but we recognise that true digital transformation is as much about people and culture as it is about technology."
— Ans Aspden, Founder and Chief Executive
Debt
£1.2M

The funding was provided by the Development Bank of Wales to support the construction of four new homes in Merthyr Tydfil.

"We were keen to work on a new build, but it was difficult for us to find a lender that would support us."
— Adam Meah, Commercial Director
Debt
£50.0K

The funding was provided by the Development Bank of Wales to support the establishment of a new deli, café, and bakery in Southgate.

"I love food and I love this beautiful corner of Wales so the opportunity to open my own deli, café and bakery in Southgate is a dream come true. However, starting a hospitality business from scratch can be expensive so we needed funding to make it happen. The support from the Development Bank has made all the difference as I couldn’t have done it without them."
— Christos Georgakis, Chef and Owner
Seed
£1.4M

The equity round was led by Green Angel Ventures and the Development Bank of Wales.

"Current carbon fibre material formats are expensive, hard to form into shape and highly wasteful with poor recycling routes. It is more expensive than aluminium and has a much higher footprint CO2e than steel, yet more than 90% end up in landfill."
— Gary Owen, Chief Executive
Debt
£60.0K

The Gwynedd wholesaler has raised debt financing from the Development Bank of Wales to transition its delivery fleet to electric power.

"We’ve grown over the years because we’ve always taken a long-term view of our business, and we’ve always tried to be sustainable. Not just because it’s good for the environment, but also because it can cut costs and allow us to pass those savings on to our customers."
— Gethin Dwyfor, Director