Development Bank of Wales

This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Find sources: "Development Bank of Wales" – news · newspapers · books · scholar · JSTOR (March 2023) (Learn how and when to remove this message)

Development Bank of Wales plc

Native name	Banc Datblygu Cymru ccc (Welsh)
Company type	Public limited company
Industry	Financial services
Headquarters	Wrexham, Wales, UK
Key people	Gareth Bullock (Chairman) Giles Thorley (Chief Executive)
Number of employees	275 (approximate)
Parent	Welsh Government (100%; formerly Welsh Development Agency)
Website	developmentbank.wales

The Development Bank of Wales (branded as simply Banc; Welsh: Banc Datblygu Cymru) is a Welsh development bank that provides financial support for Welsh businesses and is owned by the Welsh Government.^[1] The bank provides loans for businesses to start up, strengthen and grow and also provides equity investments for already established businesses.^[2]

The Group manages funds in excess of £1.4 billion and consists of the fund managers Development Bank of Wales and FW Capital, which invest in SMEs as well as Angels Invest Wales, a business angel network.

The Development Bank of Wales Group can make debt, mezzanine and equity investments of up to £10 million at all stages (early stage, development capital, as well as succession and acquisition) and also structures follow-on investments for its portfolio. The Group also syndicates/co-invests.

Development Bank of Wales has four offices across Wales – Wrexham, Cardiff, Llanelli and St Asaph.

The Development Bank of Wales was launched in October 2017, replacing its predecessor Finance Wales (2001–2017).

In 2018, Economic Intelligence Wales was launched as part of the Development Bank of Wales Group. A collaboration between Cardiff University, the Office of National Statistics and the Development Bank of Wales, Economic Intelligence Wales collates and analyses data to create independent, robust and reliable insight to help better understand and improve the Welsh economy.

• List of national development banks

• Development Bank of Wales Archived 2018-05-25 at the Wayback Machine
• FW Capital
• Angels Invest Wales
• Economic Intelligence Wales