Whether you’re starting a new business or growing an existing one, the Development Bank of Wales offers a range of finance packages. Funding from £1,000 up to £10 million is available for most business needs, both equity and debt.
We offer micro loans from £1,000 up to £50,000 to Welsh businesses and sole traders. If you have been trading for two years or more we also offer fast track loans up to £25,000, where a decision on your application will be made in just two business days. This is ideal for businesses looking to take advantage of time-sensitive opportunities like buying stock, securing a lease, or for working capital to support a new contract.
Start-up case study: Brighter Minds Childcare
A new Risca wraparound childcare service has launched, with provision for up to 45 children, following a micro loan from the Development Bank of Wales.
Brighter Minds Childcare, who encourage learning through play, converted a large garage at their base on Gwendoline Road, Risca into an additional room for their bright and friendly childcare facility. Wraparound, breakfast, afterschool club and holiday club support is available to parents of children who attend local primary schools.
Fast track case study: Emily May Interiors
Narberth’s Emily May Interiors are now showcasing a range of high-end kitchen designs at their expanded showroom following a £25,000 fast-track micro loan from the Development Bank.
Owner of Emily May Interiors, Emily Black studied Contemporary Textile Practice at Cardiff University and has over a decade’s experience as an interior designer. She wanted to act quickly when a neighbouring unit at her Narberth base became available. The fast-track process meant she had a decision on her loan within just two business days.
She began construction on the new showroom space shortly before Christmas to showcase a new range of high-end and bespoke in-frame kitchens alongside her existing living area design business.
To find out more about finance from us here, or for an informal chat please email Investment Executive Claire Vokes – [email protected]
