Review on Development Bank of Wales by Douglas Cachazo
Development Bank of Wales: Supporting new companies in Wales
As it is traditional, the bank in the United Kingdom provides support to new companies that develop and settle in its territory, something of which they are aware since they know the contribution that these new companies represent for the country, whether in development, capital inflow and creation of new jobs for Wales.
Not only does it provide support by financing their start-up, but it is also open to expansion and growth projects, including the purchase of already established companies.
To achieve its objective, the company has its own capital and also the support of a whole network of investors, the loans go up to 5 million pounds sterling to start companies, contribute for expansion or purchase of an already
founded one. They also provide mortgage loans for the purchase of housing.
The grants are for companies in the technological area that impact the region, other requirements are that they must be in Wales and if it is external to move to Wales.
Pros
- Important development bank that generates development for Wales.
- Helps to attract capital inflows and create jobs in the region.
- Up to £5,000,000 in financial assistance.
- Provides support for business expansion
Cons
- Nothing
