Archives for Development Bank of Wales

Investment in Welsh businesses tops £100 million for the Development Bank of Wales | Development Bank of Wales

The Development Bank of Wales has reported a record 457 investments totalling £103.3 million in the financial year ended 31 March 2020. Highlights include: — Read more on
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£100 Million Development Bank of Wales Coronavirus Loan Scheme is already fully subscribed too …

The Covid-19 Wales Business Loan Scheme is fully subscribed after more than 1,500 applications were received in just over one week. The £100 million scheme was launched by the First Minister on Monday 30 March as part of the Welsh Government’s £500 million Economic Resilience Fund to support businesses in dealing with coronavirusoutbreak. The first loans were approved within three days of the fund launch, with the first loans reaching applicants by the end of last week. The Development Bank, which manages the scheme, will be ensuring approved funds reach businesses as quickly as possible so support can get to those businesses facing
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