Reaccreditation for the impact of Finance Wales’ investments from the Wales JEREMIE Fund
Finance Wales has been recognised for the impact of its
investments from the Wales JEREMIE Fund by Business in the
Community (BITC) Cymru at the Wales Responsible Business Awards
Having received a Big Tick in 2014, this accolade has been
reaccredited in 2015 in the Network Rail Cymru Wales Enterprise
Growth Award category for engaging, supporting and doing business
with SMEs to drive local economic growth.
Since its launch in 2009, the Wales JEREMIE Fund has helped to
create and safeguard 10,759 jobs by investing over £150 million in
nearly 600 Welsh SMEs.
It has also had a range of other impacts which can be felt
throughout the Welsh economy including attracting businesses to
Wales, creating new opportunities for local suppliers as well as
encouraging innovation and research and development.
Investments from the Wales JEREMIE Fund have also leveraged
nearly £200 million of additional private sector investment in
Congratulating Finance Wales on its achievement, Rosie Sweetman,
Director of Business in the Community Cymru said: “Wales has a
growing network of businesses, both large and small, committed to
making a positive impact on the economic, environmental and social
challenges Wales faces.
“The Wales Responsible Business Awards celebrate this commitment
and all that Welsh businesses have achieved in the last
year. It is fantastic that Finance Wales has been
recognised for their continued support for Welsh SMEs and the role
they are playing in building a strong Welsh economy and a more
Accepting the reaccreditation certificate at the 2015 Wales
Responsible Business Awards Gala Dinner, Strategy Team Manager Sian
Price, who leads on responsible business at Finance Wales said:
“Achieving this accreditation again this year is a welcome
endorsement of the long-term impact the Wales JEREMIE Fund is
having on Wales and the Welsh economy.
“Although it’s now in the final year of its investment period,
the impact of the Wales JEREMIE Fund will continue to be felt for
many years to come as the businesses we’ve invested in expand,
safeguard existing jobs and create new job opportunities.”
Finance Wales is committed to being both a responsible business
and a responsible investor and launched its first Responsible
Business Strategy in 2014. This strategy has seen Finance Wales
integrate responsible business practices in its internal and
external operations by implementing actions that focus on its
customers, suppliers, employees, communities, stakeholders and
Community engagement by fundraising for charitable causes and
other activities is a core part of Finance Wales’ Responsible
Business Strategy and its staff raised over £11,800 in the last
financial year for a number of charities including Noah’s Ark
Children’s Hospital Charity, Cancer Research UK, the NSPCC, and the
Juvenile Diabetes Research Foundation.
Two groups of volunteers from the company took part in Give
& Gain Day for the third year running in May.
“Launching Finance Wales’ first responsible business strategy in
2014 was a crucial step towards broadening our overall impact as a
responsible business. It has encouraged us to improve the way
we work and look for new opportunities to engage with our
customers, suppliers and stakeholders as well as the community as a
whole. While we have achieved a lot since the launch, we’re
committed to taking even bigger steps forward in future,” Sian
Read more about Finance Wales’
Responsible Business Strategy.