Review on Development Bank of Wales by yosmal herrera
a platform that boosts the local economy
Many capital companies and financial institutions agree that in order to help the development of the towns, local companies that give life within the regions where they are established must be supported; since from its well-being the collective well-being will be achieved by developing new forms of employment and a better quality of life for its inhabitants. This is a mission taken on by the Development Bank of Wales.
How does the Development Bank of Wales contribute to the development of this region?
• Contributing capital to companies for their start-up or optimal development
• Strengthening the public economic system through the generation of income from the payment of taxes by companies that become taxpayers.
• By injection of significant financial resources of up to 5 million euros to companies already formed
• Financing of startups of technological ventures
• Financing for equipment endowment and company acquisition
• By granting loans for real estate developments in the town of Wales
• Provides financial and corporate advice
The Development Bank of Wales not only promotes the optimal growth of local businesses but also the better quality of life of its inhabitants
Pros
- Promotes the creation of permanent sources of financing
- Encourages the growth of local companies
- Promotes job creation by boosting companies
- Serves as financial support to organizations in the region
Cons
- Local application
