Development Bank of Wales

Welsh Government

Information last verified: April 2026

Stage

Idea / pre-product, MVP / early product, Early revenue, Scaling

Location

Wales

Equity

Takes equity

Cost

Equity / debt (commercial terms)

Delivery

In-person

Any sector

Idea / pre-productMVP / early productEarly revenueScaling

Welsh Government-owned development bank supporting Welsh businesses at every growth stage. Flexible loans and equity £1k-£5M. Interest fixed at 4-12% depending on risk. Products include start-up loans, the Wales Business Fund (packages £50k-£2M), and equity co-investment. Not a grant provider, but more accessible than commercial lenders. Free financial guides and access to specialist fund managers. Applies to businesses based in or relocating to Wales.

Why this programme

Raise funding

Welsh Government's own development bank, loans from £1k and equity up to £5M, with more accessible terms than commercial lenders

Scale & grow

Flexible loans and equity from £1k to £5M from the Welsh Government's own development bank, supporting businesses through every growth stage

Interested in Development Bank of Wales?

Head to their website for current cohort dates and how to apply.

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