Business Finance for Welsh companies
…and companies looking to move to Wales.
If you are starting a new business in Wales, looking to expand your existing business in Wales or moving your business to Wales, the Development Bank of Wales might be your first call if you are looking for funding.
Start-up loans are available up to £50,000, and you will need the following during the application process:
- Business plan summary
- Historic accounts (up to two years if available)
- Two years cashflow forecast for loans over £25,000 (One year for loans up to £25,000)
- Up-to-date management information
- Previous three months bank statements (personal if start-up)
- Statement of assets and liability
Expanding your business with finance of over £50,000 is available, documentation you will need is:
- Business plan summary
- Historic accounts (up to two years if available)
- Monthly Integrated Forecast (two years inc. profit and loss, cash flow and balance Sheet)
- Up-to-date management information
- Previous three months bank statements (personal if start-up)
- Statement of assets and liability
The Development Bank of Wales Plc is a development finance company wholly owned by the Welsh Ministers and it is neither authorised nor regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
You can find out more information on what the Development Bank of Wales can do for you on their website https://developmentbank.wales
