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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

£100K

The university spin-out has raised over £1m in total funding to develop targeted cancer therapeutics.

"Our technology opens up a new space in oncology drug discovery, to treat a range of malignancies, including rare cancers that currently have no effective treatment options. We are confident that the combined backing of the Development Bank and Start Codon, alongside the universities and M-Sparc, means that we now have the support to fast-track our innovative science into a successful global commercial venture that could help treat cancers."
— Ramsay McFarlane, CEO
Debt
£180K

The occupational health provider has raised a £180k loan to create 17 new roles and invest in new technology.

"We’re incredibly proud of our current position as Wales’ largest, fastest growing provider of occupational health services, and we’ve always had the confidence and support of our existing clients, who occupy different sectors and disciplines. But we didn’t want to stand still – occupational health is an ever-changing field with evolving demands, and we wanted to make sure our offering remained future-proof for our current and prospective customers alike."
— Ellie Taylor, Founder and Director
£1.0M

The funding from the Development Bank of Wales will treble production capacity and create 18 new jobs.

"The equity investment means that we can now continue to scale to meet demand with investment in additional production lines that will boost productivity as we expand our bottling and distribution offering to the growing UK and international markets."
— Rhys Mallows, Director
Seed
£740K

The funding round was led by the Development Bank of Wales alongside Carbon13 and angel investors.

"Energy costs have risen over 350% since 2021 and carbon emissions from buildings need to reduce by 50% by 2030 but almost 90% of non-domestic buildings don’t have a building management system. This lack of data is hindering the ability to reduce energy costs and carbon emissions."
— Nick Tune, Chief Executive
Debt
£25.0K

The specialist running shop is using the new micro loan to increase floor area and stock inventory.

"I worked in IT for 20 years, during which time running and being active was a saviour for my mental health. I now want to help as many people as possible to reap the same benefits by removing barriers to running. That’s why we don’t just sell trainers and clothing, we give advice on all aspects of training and kit. We also run our own social running club and we have a Community Interest Company that raises funds to help people on their running journey with coaching and therapy when needed."
— Paul Thomas, Director