The Investment Fund for Wales will deliver a £130 million commitment of new funding to the country.
The fund aims to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across Wales.
The Investment Fund for Wales offers a range of commercial finance options with smaller loans from £25,000 to £100,000, debt finance from £100,000 to £2 million and equity investment up to £5 million. The fund covers the whole of Wales, including rural, coastal and urban areas.
It is increasing the supply and diversity of early-stage finance for smaller businesses across Wales, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance.
The new fund has embedded ESG awareness into its design and will help support the UK economy’s transition to net zero.