Funding provided to start-up and scale-up businesses in North Wales

Businesses in North Wales are starting up and scaling up thanks to support from the Development Bank of Wales.

From financing tourism and hospitality businesses to arranging funding for property developers, life-sciences and defence, the Development Bank is able to offer commercial loans and equity investment from £1,000 to £10 million. Mountain activity company RAW Adventures, Country House Childcare in Flintshire and Porthmadog-based Mynydd Cleaning and Maintenance are just some of the businesses that have had the support of the Development Bank in recent months.

A £150,000 loan is now helping Richard Holt, owner of chocolatiers Mr Holt’s, and star of S4C’s pastry programme Yr Academi Felys (The Sweet Academy) to expand production with a new factory in Llangefni on Anglesey. The loan has been used to part-fund the fit-out and purchase of new machinery along with

£84,000 from Bathgate Business Finance’s own funding book, Bathgate Capital, and a further £30,000 brokered by Bathgate from a specialist funder.

Andrea Richardson is a Senior Portfolio Executive at the Development Bank. She said: “We’re working hard to support businesses in North Wales to start-up and scale-up. We’re proud to be supporting Richard and the team at Mr Holt’s. They have a distinctive Welsh brand with a popular product, and their unique chocolates get mouths watering across the UK and beyond.

Our message is simple - if you’re starting, buying or growing a business in North Wales then come and talk to us.”

“From small business loans to large financial packages, we’re here to help.

The Development Bank of Wales offers loans and equity funding ranging from £1000 to £10 million. Further information is available at developmentbank.wales

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