WAQ79944 (e) Tabled on 23/04/2020

What is the total amount of grant money made available by The Development Bank of Wales to support business in Wales from 1 January 2020 to 1 April 2020?

Answered by Minister for Economy, Transport and North Wales | Answered on 01/05/2020

The Development Bank of Wales (DBW) do not offer grant funding. Rather, their offer is based around debt and equity products.  DBW invested £33.5m through debt and equity between 1 January – 31 March 2020. 

During the same period around 7% of the businesses that DBW received impact information for had a business owner from an ethnic minority. This gives some indication of finance support. However, due to data collection systems and response rates, this figure cannot be directly correlated back to the £33.5m of lending for the January – March period.