£130 million British Business Bank backed Investment Fund for Wales (IFW) hits £10 million including investments from Caerphilly to Deeside and Swansea to Bangor.
The £130 million IFW reached its first major milestone after hitting £10 million in investment and lending into Welsh smaller businesses. The announcement comes one year on from the launch of the IFW.
The Bank’s Investment Fund for Wales is the first solely UK government-backed investment fund for smaller businesses in Wales and is helping to increase the supply and diversity of early-stage finance by providing options to firms that might otherwise not receive investment. Funding is designed to help businesses with activities including expansion, product or service innovation, new processes, skills development, and capital equipment.
This £10 million milestone, and first anniversary of the Investment Fund for Wales, shows how the fund is building momentum. They continue to look to the future to see how best the Fund can work for Welsh smaller businesses and contribute to the ongoing sustainable success of the Welsh economy.
For further information please select the following link: Investment Fund for Wales (IFW) - British Business Bank (british-business-bank.co.uk)