Supported by the Welsh Government, the Development Bank of Wales today announced it has created and safeguarded over 50,000 jobs across the country, marking a significant milestone with £1 billion invested in equity, debt, and property since 2017.
The £1 billion investment has supported 51,089 jobs and generated £5.8 billion in jobs-based GVA – an almost sixfold return in economic value. The Development Bank's contribution to the nation's economy has unlocked a further £636 million in private sector co-finance, amplifying its overall impact.
4,699 different businesses throughout Wales have benefitted from 5,184 investments by the Development Bank since 2017. This includes £89 million for 292 innovative tech ventures, and £275 million for Welsh property developers to build 2,302 new homes.
In North Wales, 1,078 businesses have benefitted from investment totalling £240.4 million and a further £135.3 million in co-investment. 1,399 businesses in Mid and West Wales have had £323.4 million from the Development Bank and £143.2 million in co-investment. South East Wales has seen direct investment of £436.5 million and co-investment of £375.5 million for 2,222 businesses.
For further information please select the following link: Over 50,000 jobs secured by Development Bank of Wales in £1bn investment landmark for Wales - Dev Bank.