21 September 2012

Finance Wales Can Now Invest in Large Businesses

 Finance Wales part of the FW Group is a fund management company that invests in growing businesses in Wales by the Welsh Government. It then follows that in a recent development it was announced that this company is now capable to invest and operate by facilitating finance and supporting businesses away from its traditional customer base typically small and medium sized businesses to larger and bigger businesses.

As a result, the Cardiff  investment company that links EU and European Investment Bank based on the Jeremie fund, can now support businesses that employ more that 250 people that are based in Wales. The way it guarantees its investments can be by taking equity, debt or mezzanine.

A representative for Finance Wales stated: “We welcome the Welsh Government’s decision to enable Finance Wales to invest in larger Welsh businesses (non-SMEs). This decision further cements the Welsh Government’s commitment to ensuring that Welsh businesses have access to the investment capital they need to grow. Finance Wales has a successful track record of backing growing businesses and this decision increases the number of Welsh businesses potentially eligible for investment. We will now put in place detailed arrangements to allow it to invest in such businesses and will announce these in due course." source.