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The Latest Breaking News from The Development Bank of Wales

Huge £27m written off by 'embarrassing' Welsh Government flagship investment fund

The Wales Life Sciences Investment Fund pumped £50m into fledgling businesses, some of which failed to deliver on their promise

Wales Online

Welsh Government life sciences investment fund closing after £27m in write-offs

The Wales Life Sciences Investment Fund was launched in 2013 and invested £50m in new firms.

Birmingham Post

West Wales decking firm looks to expand follow management buyout

The MBO for Deckrite has been backed with debt finance from the Development Bank of Wales

Birmingham Post

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Welsh Michelin star restaurant expands with new venue

Ynyshir Restaurant Group has expanded with a six-figure loan from the Development Bank of Wales.

Birmingham Post

British Business Bank throws support behind women-led angel investment syndicate

Women of Wales invests equity into companies with female founders and co-founders

Birmingham Post

Development Bank of Wales reports big rise in equity investment

The development bank it increase the value of equity investment in its last financial year by 97%

Birmingham Post

Swansea giftware firm secures first green business loan

Something Different Wholesale has secured a £1.2m loan

Birmingham Post

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The latest equity deals and investment news in Wales

Equity raising firms include Riva UK, Hugh James and Halo Therapeutics

Birmingham Post

Carmarthenshire leisure and entertainment complex opens creating 30 jobs

Pinopolis was part-funded with a loan from the Development Bank of Wales

Birmingham Post

Family ice cream firm in Carmarthenshire collapsed owing creditors £3m

Frank's Ice Cream was founded more than 100 years ago but went into administration in March this year

Wales Online

Welsh family ice cream firm collapses owing creditors £3m

Administrator's were appointed to Frank's Ice Cream in March this year

Birmingham Post

Welsh beauty brand secures six-figure funding deal as it continues global export growth

Founded in 2020 Mallows Beauty has gained a cult following since going viral on TikTok driving demand overseas

Birmingham Post

Wrexham textiles firm Riva UK completes seven-figure MBO deal

Riva UK employs over 50 staff and supplies customer textile solutions to blue chip companies

Birmingham Post

The latest equity and acquisition deals in Welsh business

Companies featured in deals include UPVC Direct, Cansford Laboratories, Carreg, Holyhead Towing Company, TXO and SCS Engineering

Birmingham Post

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news in one place.

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Birmingham Post

The Cardigan family business in global demand for its Welsh wool

Garthenor Organic is opening a new 21,000 sq ft woollen mill creating six jobs to meet growing demand

Birmingham Post

The latest equity deals and investment news in Wales

Deals include fundraising for Creo Medical, Coincover and CanSense with fund managers invited to bid for the British Business Bank's new £130m fund for Wales.

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