British Business Bank invites proposals from potential fund managers to operate new fund.
The British Business Bank is on course to launch a £130 million investment fund this autumn, aimed at driving the growth of small and medium-sized businesses in Wales.
The Investment Fund for Wales is one of a series of Nations and Regions Investment Funds being launched by the British Business Bank which will deliver a £1.6 billion commitment of new funding to smaller businesses across the UK.
The Investment Fund for Wales will operate across three tiers: smaller loans (£25,000 - £100,000), debt (£100,000 - £2 million) and equity (up to £5 million).
The British Business Bank is now inviting proposals from potential fund managers to operate the new Investment Fund for Wales via its website Requests for Proposals - British Business Bank (british-business-bank.co.uk).
It expects to appoint fund managers in summer 2023 ahead of launching in the autumn.
For further information please select the following link Press Release - March 9, 2023 - British Business Bank (british-business-bank.co.uk)