A new £40 million Wales Business Succession Fund has been launched by the Development Bank of Wales to support management buyouts and buy-ins across the country, helping to maintain Welsh ownership, secure jobs, and ensure long-term business continuity.
Financed by the Welsh Government and the Clwyd Pension Fund, the fund offers structured equity and debt packages of between £500,000 and £5 million with terms of up to seven years. It is forecast to support more than 1,000 jobs across Wales and builds on the success of the £25 million Wales Management Succession Fund, which closes this year having supported 26 buyouts and safeguarded over 700 jobs since its launch in 2019.
The Wales Business Succession Fund offers a mix of equity and debt to structure patient funding packages from £500,000 to £5 million. Terms of up to seven years are available to help fund succession investments. The fund is forecast to support over 1000 jobs.
For further information please select the following link: Development Bank of Wales Launches £40 Million Wales Business Succession Fund to Safeguard Jobs and Welsh Ownership - Dev Bank
Employee ownership means all employees have a significant and meaningful stake in the business.
If a controlling stake of your business is held by, or on behalf of, all employees (the employee owners), this is called an employee owned business. Visit the Employee Ownership Wales website for fully-funded, bespoke advice on Employee Ownership, Share Schemes and succession planning options your business.
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