A loans programme for start-up firms from the British Business Bank has provided funding of £40m in Wales since being set up in 2012.
The British Business Bank, which the UK Government’s economic development bank with a UK-wide remit to provide loans and equity to firms, said the funding total is made up of 4,100 loans have been made to firms in Wales under its Start Up Loans scheme. It said investment activity in Wales was proportionate to the size of the Welsh business population to that of the UK as whole.
Over the last decade the scheme has provided just over £819m of loans to 90,552 firms across the UK.
