The Development Bank of Wales invested £55m into 240 firms across Wales in the first half of its current financial in funding activity creating hundreds of new jobs. The bank, which is owned by the Welsh Government, said its investment deals, both debt and equity, totalled 280 (some firms secured more than one investment).
The value of equity deals, where it can invest up to £10m per deal, totalled £5.1m which included including £410,000 via the Wales Angel Co-investment Fund. Its equity secured co-investment from other equity funders into Welsh firms of £13m. Its £55m of debt and equity leveraged total co-investment of £31m.
In the sixth months to September this year, regionally the bank invested £16.9m into firms in Mid and West Wales, £16m into firms in North Wales and £22.2m in South Wales. It said its investments have safeguarded 1,197 jobs with 820 jobs created.
