Finance Wales
| 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.