Does the Welsh Government intend to introduce a replacement fund for the Welsh Life Sciences Investment Fund and, if so, when?
Answered by Minister for Economy | Answered on 29/08/2023
Over the last 5 years businesses operating in this sector have and continue to apply to a range of funds operated by the Development Bank of Wales directly. Funds such as the Wales Flexible Investment Fund offer both equity investment and patient capital borrowing opportunities.
We have no plans to introduce an additional funding stream.