Development Bank of Wales

The Development Bank of Wales is a Welsh Government-owned development bank established to operate as a commercially driven social impact investor, providing sustainable and effective finance to Welsh businesses. The bank aims to unlock potential in the Welsh economy by increasing the provision of finance where private sector capital is insufficient. It provides flexible financing solutions including loans, mezzanine finance, and equity investments from £1,000 to £10 million across all stages—early stage, development capital, succession, and acquisition. The bank focuses on supporting businesses that will benefit Wales and its people, with particular emphasis on technology ventures (engineering, electronics, advanced materials, ICT, software, AI, IoT, fintech, life sciences, medtech, biotech, renewables, and cleantech), property development, and businesses committed to decarbonization. The bank operates as a committed equity co-investor, building lasting relationships with other investors over multiple rounds and frequently syndicating deals with venture capital houses, business angels, and institutional investors.