New Fund Manager to spearhead investment in Welsh Micro-businesses
Finance Wales has appointed former Barclays Area Business
Manager, Nicola Edwards as Micro Loans Fund Manager.
Edwards will head a team of three investment executives based
throughout Wales focused on making micro loans of between £1,000
Micro loans are available from Finance Wales from the £6 million
Wales Micro-business Loan Fund as well as the European-backed £150
million Wales JEREMIE Fund. Demand for micro loans from Finance
Wales more than doubled in the 2012 -13 financial year compared to
the previous financial year.
Business Minister, Edwina Hart welcomed the appointment: “This
appointment reflects the importance of micro-businesses in the
Welsh economy. The Welsh Government is committed to ensuring that
finance is available for them to invest in their businesses which
in turn will create jobs and economic growth.
“I would urge ambitious small businesses across Wales to contact
Finance Wales to explore how they can help.”
Having worked in small business banking for most of her 25-year
career, Edwards is pleased to join Finance Wales at a time when it
has additional capital to invest in micro-businesses thanks to the
Welsh Government’s Wales Micro-business Loan Fund.
“Small businesses are part of the fabric of the Welsh economy.
Many of them have the potential to make an even greater
contribution to it and the Wales Micro-business Loan Fund has an
important role to play in ensuring they can access the funds they
need to do this. I’ve spent most of my career working with
start-ups and small/micro-businesses and I’ve seen how the right
financial support can have a positive impact on them,” Edwards
Welcoming Edwards to the team, New Investments Fund Manager,
Mike Owen said: “This is a significant appointment for Finance
Wales. Thanks to the Wales Micro-business Loan Fund, more Welsh
micro-businesses than ever can now benefit from micro loans. They
can help with a range of needs, such as start-up costs, capital
expenditure and stock purchases and businesses often use them to
unlock much-needed additional investment. Nicola and her team are
keen to talk to micro-businesses throughout Wales about what
Finance Wales can offer.”
Microbusinesses seeking investment can contact Nicola and her
team on 0800 587 4140.
The Micro-business Loan Fund was a key recommendation of the
independent Micro-business Task and Finish Group commissioned by
the Welsh Government.