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Wales Online
Wales Online
National
Sion Barry

The new £50m fund to back the expansion and job creation of firms in the Cardiff Capital Region

PwC Rhys Thomas Wales Development Bank of Wales

A new £50m equity fund to back the growth and job creation of firms in the Cardiff Capital Region has been confirmed.

After a competitive tendering process professional advisory firm PwC has been appointed to fund manage the region’s new Innovation Investment Fund.

While it is not a legal requirement of the fund management contract, PwC is confident that it can secure match funding taking the investment pot to £100m.

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