The Development Bank of Wales has ramped up its investment activity to support firms across the economy with nearly £110m in its last financial year.
The bank, which provides debt and equity funding to SMEs and is wholly-owned by the Welsh Government, made 519 investments with an average deal value of £210,276, into 460 Welsh businesses during the year ending March 31, 2022.
Just over half of investments (51%) were awarded to existing customers. Total investment was £109.1m, an increase of £3.6m on the previous year. Equity investments made up 10.6% of the total (£11.58m).
