The UK Government has increased the number of Welsh firms it holds equity stakes in under its Covid response £1.1bn Future Fund.
The now closed fund provided £1.14bn loans to high-growth potential firms across the UK with the option for the debt to be converted into equity for the Westminster Government.
According to new figures the fund, run through the UK Government’s economic development bank, the British Business Bank, has seen the number of firms converting debt to equity rising to 337, of which eight are based in Wales.
