The Latest Breaking News from The Development Bank of Wales

Huge £27m written off by 'embarrassing' Welsh Government flagship investment fund

The Wales Life Sciences Investment Fund pumped £50m into fledgling businesses, some of which failed to deliver on their promise

Wales Online · Jul 12, 2023

Welsh Government life sciences investment fund closing after £27m in write-offs

The Wales Life Sciences Investment Fund was launched in 2013 and invested £50m in new firms.

Birmingham Post · Jul 12, 2023

West Wales decking firm looks to expand follow management buyout

The MBO for Deckrite has been backed with debt finance from the Development Bank of Wales

Birmingham Post · Jul 10, 2023

The latest equity deals and investment news in Wales

Equity raising firms include Riva UK, Hugh James and Halo Therapeutics

Birmingham Post · Jun 14, 2023

Carmarthenshire leisure and entertainment complex opens creating 30 jobs

Pinopolis was part-funded with a loan from the Development Bank of Wales

Birmingham Post · May 31, 2023

Family ice cream firm in Carmarthenshire collapsed owing creditors £3m

Frank's Ice Cream was founded more than 100 years ago but went into administration in March this year

Wales Online · May 25, 2023

Welsh family ice cream firm collapses owing creditors £3m

Administrator's were appointed to Frank's Ice Cream in March this year

Birmingham Post · May 23, 2023

Welsh beauty brand secures six-figure funding deal as it continues global export growth

Founded in 2020 Mallows Beauty has gained a cult following since going viral on TikTok driving demand overseas

Birmingham Post · May 22, 2023

Wrexham textiles firm Riva UK completes seven-figure MBO deal

Riva UK employs over 50 staff and supplies customer textile solutions to blue chip companies

Birmingham Post · May 10, 2023

The latest equity and acquisition deals in Welsh business

Companies featured in deals include UPVC Direct, Cansford Laboratories, Carreg, Holyhead Towing Company, TXO and SCS Engineering

Birmingham Post · May 10, 2023