Finance Wales

Finance Wales plc
Public limited company
Industry Financial services
Founded 2000
Headquarters Cardiff, Wales, UK
Key people
Gareth Bullock – Chairman
Kevin O'Leary - Interim Chief Executive
Number of employees
100 (approximate)
Parent Welsh Government (formerly Welsh Development Agency)
Website www.financewales.co.uk

The Finance Wales Group is one of the UK’s largest regional SME investment companies and provides growth capital for small and medium-sized businesses in the UK. The Group manages funds in excess of £400 million and consists of the fund managers Finance Wales and FW Capital, which invest in SMEs as well as xénos, a business angel network. The Finance Wales Group can make debt, mezzanine and equity investments of up to £2 million at all stages (early stage, development capital, as well as succession and acquisition) and also structures follow-on investments for its portfolio. The Group also syndicates/co-invests.

Finance Wales makes commercial investments in small and medium-sized businesses throughout Wales, enabling them to realise their potential for innovation and growth. A subsidiary of the Welsh Government, Finance Wales manages funds of more than £370 million and has invested more than £419 million through 3,700 investments in Wales-based businesses since 2001. Finance Wales’ investments have leveraged an additional investment of £649 million.

Finance Wales has offices throughout Wales, with headquarters in Cardiff.

FW Capital

FW Capital is a fund management company currently managing UK-based funds totaling £55 million.

North West Fund for Business Loans

The £45 million fund is part of the £184.8 million North West Fund. FW Capital can invest loans between £50,000 to £750,000 in viable SMEs in the North West of England. It manages the fund from Manchester and Liverpool.

North East Growth Plus Fund

The fund is part of the £125 million Finance for Business North East Fund. FW Capital can invest between £350,000 and £1.25 million in a single round in established, revenue-earning businesses based in the North East of England. It manages the fund from Newcastle upon Tyne.

Tees Valley Catalyst Fund

The £10 million fund allows North East businesses to apply for short-term finance to fund performance and warranty bonds. FW Capital manages the fund on behalf of Tees Valley Unlimited from its Billingham office.

xénos

xénos, Wales' business angel network is a subsidiary of Finance Wales plc. It provides Welsh businesses the opportunity to network with private investors.

External links

This article is issued from Wikipedia - version of the Thursday, April 07, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.