The Development Bank of Wales has won a contract to manage a new £19m debt fund in the South West of England.
As part of the British Business Bank’s new £200m investment fund for the English region development bank subsidiary, FW Capital, will manage its larger debt element.
The contract is one of a number awarded by the British Business Bank, the economic regeneration bank of the UK Government for its new regional fund, which will also provide micro loans and equity investment. Other fund managers appointed to its various elements, following a competitive procurement process, include Maven, SWIG Capital and FSE Group.
