Development Bank of Wales

The Development Bank of Wales is a Welsh Government-owned development bank launched in October 2017, replacing its predecessor Finance Wales. It provides a broad range of financial support to Welsh businesses, including micro loans, business loans, equity investments, property development finance, and seed funding for technology startups, with investments ranging from £1,000 to £10 million. The bank is a wholly owned subsidiary of the Welsh Government and manages multiple funds including the Wales Flexible Investment Fund.