03/07/2015

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 Gala Dinner.

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 Welsh SMEs.

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 sustainable future.”
 
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 environment.

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 explained.

Read more about Finance Wales’ Responsible Business Strategy.