News 2016

Read about Finance Wales and the latest investments we've made in Welsh businesses.

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Development bank on course to open next year

The Development Bank of Wales is on course to launch in the first half of next year, following receipt of a detailed business plan, Economy Secretary, Ken Skates has announced today

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Chocci Cake Company opens first shop after £20,000 Finance Wales loan

The Chocci Cake Company has secured a £20,000 loan from Finance Wales to fund the opening of its first shop in Tredegar House, Newport.

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Chepstow-based biotech company Creo Medical to list on AIM

Creo Medical is the fourth Finance Wales portfolio company to list on AIM in the last four years. Our initial investment in 2012 led them to relocate their headquarters and product development facility to Chepstow.

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Six figure co-investment deal for Peerless Gas from Wales Business Fund

Flintshire-based engineering firm Peerless Gas Controls Ltd (Peerless Gas) has acquired Lomax Offshore Couplings Ltd (Lomax), another parts manufacturer based in Burnley, thanks to a six figure co-investment deal from Finance Wales and other funders.

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‘Positive Welsh market despite longer term Brexit uncertainty’ – Giles Thorley

Finance Wales has helped create or safeguard more than 2,000 Welsh jobs since the start of April 2016. More than £26.7 million has been directly invested into Welsh small and medium-sized enterprises (SMEs) with an additional £23.1 million leveraged from private sources since new Chief Executive Giles Thorley took over the helm.

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Software company Koherent secures six figure investment from Finance Wales

Cardiff software start-up Koherent plans to expand its team and operations following a six figure investment from Finance Wales.

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Italian-inspired restaurant Porro opens second restaurant in Cardiff after six-figure Finance Wales investment

Tom Furlong and Gwyn Myring really know their food. The pair of chefs behind the amazing menu at Llandaff’s Porro are preparing to take their Italian-inspired local cuisine to Roath with the opening of their second restaurant on Wellfield Road.

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Audit expert Iraj Amiri joins Finance Wales Board

Finance Wales has appointed audit expert Iraj Amiri to its Board. With over 20 years of experience in audit and assurance Iraj will head up Finance Wales’ Audit Committee.

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Moving on: Have you considered management buyout options?

Business owners looking to move on or retire are increasingly opting for management buyout (MBO) options. This involves selling their company to an existing management team. This can involve the management team initiating the deal (an MBO) or the business owner themselves approaching the existing team in a vendor initiated deal (VIMBO). With the launch of the Wales Management Succession Fund, managed by Finance Wales, earlier in the year these kinds of deals are happening more often.

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Six-figure investment to help Fusion management buyout team

Caerphilly-based Fusion Occupational Health (formerly Santia) has received a six-figure investment from Finance Wales to fund their management buyout (MBO) of the company.

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Successful exit for Finance Wales from SIPHON

Finance Wales has exited SIPHON less than two years after investing in the company. They have achieved a significant multiple on their equity investment in the firm, which received a £1.5million round as recently as March 2015. The company has been bought by the Nuvias Group (backed by Rigby Private Equity).

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Cardiff-based software firm AMPLYFI leading the way in Deep Web AI technology

The internet is a vast and largely untapped resource of data and information. With its leading software platform, DataVoyant, Welsh start-up AMPLYFI is revolutionising how we interact with the web and unlock its full potential. The company recently secured a substantial investment from Finance Wales and is already working with leading blue-chip companies.

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Neath Port Talbot’s Ministry of Furniture celebrates three years of trading

Ministry of Furniture, a phoenix company which emerged following the closure of the Port Talbot Remploy factory in 2013, has celebrated three years of successful trading with an open event at their new showroom in Baglan.

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Finance Wales launches £136 million Wales Business Fund

Finance Wales hosted a breakfast event to highlight their new £136 million fund at the Faenol Fawr hotel in St Asaph. The Finance Wales Board was also in attendance at the event which was led by Chief Executive Giles Thorley.

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£136m Fund and Development Bank will help support businesses in Wales post EU referendum, says Economy Secretary

A pro-business package that includes a new £136m fund and the establishment of the Development Bank for Wales will transform the financial support on offer to Welsh businesses, in the wake of the vote to leave the EU.

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Port Talbot’s Tatami is fighting fit after £220,000 investment from Finance Wales

Tatami Fightwear, which already sponsors a number of fighters and teams worldwide, is punching above its weight and now plans to expand thanks to a £220,000 loan from Finance Wales for additional stock and a new embroidery machine.

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Independent final evaluation report highlights Wales JEREMIE Fund’s significant contribution to supporting Welsh SMEs

An independent evaluation report by Regeneris Consulting and Oldbell3 published today has highlighted the success of the European-backed Wales JEREMIE Fund managed by Finance Wales, praising its significant contribution to supporting Welsh small and medium-sized businesses (SMEs) between 2009 and 2015.

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Cardiff-based software start-up Paperclip lands six figure co-investment deal

Paperclip, the company behind the peer-to-peer marketplace app of the same name, has just secured a six figure equity co-investment deal with Finance Wales and a syndicate of Turkish investors led by Emre Fadillioglu.

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Wales Technology Seed Fund hits £3 million investment milestone

Since its launch in April 2014, the Wales Technology Seed Fund has invested £3 million, leveraging an additional £3 million in co-investment –a pound-for-pound funding ratio.

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Marine engineering firm Harris Pye secures £2.5million funding package from Finance Wales

Llandow-based engineering firm Harris Pye has ambitious growth plans after a £2.5million investment from Finance Wales.

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Pembrokeshire marine engineering company expands thanks to substantial Finance Wales co-investment deal

Marine engineering firm Mainstay Marine Solutions (Mainstay) has secured a substantial co-investment from Finance Wales and Barclays as it expands its business in Pembrokeshire.

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Finance Wales’ statement on Brexit

A message from Finance Wales regarding the UK’s EU referendum result.

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Finance Wales annual review 2015/16

More than 3000 jobs were created or safeguarded in Wales through investments provided by Finance Wales last year. In the 2015/16 financial year 201 investments were made in 185 Welsh businesses – from £1k to multi-million pound deals.

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Sportswear supplier Linebreak UK scores six-figure funding deal from Finance Wales

Sports compression garment supplier Linebreak UK has secured a six-figure investment deal from Finance Wales to expand their Cardiff-based business.

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Green tech company Perpetual V2G secures £500,000 equity deal from Finance Wales

Award-winning green tech company Perpetual V2G (Perpetual) has secured a £500,000 equity investment from Finance Wales The Lampeter-based business has a ground-breaking battery management system which is already reducing the carbon footprint of customers like Sainsbury’s.

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Welsh disposable beer keg supplier goes for growth with funding package from Welsh Government, UK Steel Enterprise and Finance Wales

A leading manufacturer of recyclable beer kegs is expanding its operation in Bridgend with a £170,000 finance package from the Welsh Government, Tata Steel subsidiary UK Steel Enterprise and Finance Wales.

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Trojan electronics secure equity deal to boost operations

Trojan Electronics (Trojan), the award-winning Swansea-based services provider plans to double its annual turnover within the next 3 years, with the backing of an equity investment from Finance Wales.

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£350,000 equity investment helps healthcare company develop innovative new treatments for chronic skin conditions

Curapel, a healthcare company developing innovative new treatments for eczema and psoriasis as well as skin pigmentation conditions, has set up its headquarters at the Life Sciences Hub Wales in Cardiff.

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Vending specialist looks to provide new services thanks to Finance Wales loan

One of the UK’s leading suppliers of confectionery tower vending machines has secured a £150,000 loan from Finance Wales to expand the range of services it provides.

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£25 million Wales Management Succession Fund set to back the next generation of Welsh business owners

A new £25 million Welsh Government fund will provide ambitious Welsh managers and management teams with the funding they need to buy established Welsh small and medium-sized businesses (SMEs) when their current owners retire or sell up.

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Building contractor looks to build on success after management buy-out

A multi-million pound loan from Finance Wales has supported the management buy-out (MBO) of a leading building contractors based in Cardiff.

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Finance Wales appoints Giles Thorley as new Chief Executive

Giles Thorley has been appointed as the new Chief Executive of the Finance Wales Group.

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Established Port Talbot building contractor looks to build for future following management buy-out

A £1.1 million loan from Finance Wales has helped the management team of one of South Wales’ leading building contractors to buy into the business.

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New £136m EU-backed fund to help businesses in Wales grow

A new £136m EU-backed fund to give businesses in Wales access to finance to help drive their productivity and the growth of the Welsh economy has today been launched by First Minister of Wales Carwyn Jones

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£21million finance package to expand SMEs in Wales

Economy Minister Edwina Hart has announced £21m of new finance to help Small and Medium Enterprises (SMEs) in Wales expand and create or safeguard more than 1,800 jobs.

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Speedy new application process for £1,000 to £5,000 micro loans from Finance Wales

Finance Wales has launched a new, streamlined two-day application process for micro loans of between £1,000 and £5,000.

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Cardiff costume supplier has micro loan approved in 2 days using Finance Wales’ new streamlined application process

When the opportunity to acquire the costumes used in a medieval television drama came up, the owner of Cardiff-based Marigold Costumes (Marigold) approached Finance Wales for a £5,000 micro loan to help fund the purchase.

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Greeting card business speeds up expansion using micro loan approved in 2 days using Finance Wales’ new streamlined application process

When Caryl Halstead started creating greeting cards and wedding stationery for family and friends 9 years ago she dreamt of turning her hobby into a business.

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Finance Wales makes first co-investment with IP Group from the Wales Technology Seed Fund

Finance Wales has made its first co-investment with IP Group from the Wales Technology Seed Fund, investing in Stratium, a Sheffield University spin-out specialising in quantum cascade laser technology.

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Pioneering healthcare company opens North Wales headquarters to spearhead long-term expansion

A company that has pioneered an alternative approach to traditional latex and non-latex surgical gloves is using a six-figure equity investment from Finance Wales to spearhead the next phase of its growth strategy.

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Creative coffee shop gets Cardiff launch with Finance Wales loan

A new family of Welsh artisan coffee shops which will provide inspiring, creative spaces for the business community was launched in Cardiff today thanks to a £150,000 Finance Wales loan.

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