The Development Bank of Wales has launched a new £10 million pilot scheme to support high-growth Welsh businesses looking to raise larger amounts of investment.
The scheme offers:
- £500,000 to £2 million of Development Bank investment
- Funding rounds of up to £10 million
- Investment alongside an FCA-registered institutional investor
It is aimed at commercially viable Welsh SMEs with strong growth potential, particularly businesses developing or commercialising technology and looking to scale from Wales.
This is equity investment, not grant funding. Businesses will need to have, or be working with, a suitable lead investor.
If you are considering a significant investment round to support growth, this could be worth exploring.