Welsh development bank reports record investments of £103.3m

The Development Bank of Wales has reported a record 457 investments totalling £103.3 million in the financial year ended 31 March 2020.  

The figure is a 29% rise on the previous year which attracted additional private sector leverage of £75.9 million. 

There was a balanced spread across the country with £38.7 million invested in South Wales, £34.3 million in mid and West Wales and £30.4 million in North Wales.

Over half the number of investments was for small loans, micro loans up to £50,000, with an average deal size of £23,500. 265 businesses benefited from micro loans and 73 of these used the new fast track loan scheme to access £899,500.