# Development Bank of Wales

Development Bank of Wales is a Private Equity based in Wrexham, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wrexham, United Kingdom
- **Region:** Europe
- **Address:** Wrexham, United Kingdom
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** developmentbank.wales
- **LinkedIn:** https://www.linkedin.com/company/development-bank-of-wales

## Regulatory record

- **Reports private funds:** No

## About

The Development Bank of Wales provides sustainable and effective business finance for companies based in Wales, or relocating to Wales. Backed by the Welsh Government, it offers finance and more to businesses in Wales, including business loans and equity finance. It supports people, businesses and communities in Wales.

## Sectors

- Technology-based businesses
- Property development
- Green / decarbonisation

## People

- David Knight — Investment Executive
- David Knight — Micro loan investment executive
- Gaynor Morris — Micro loan investment executive
- Claire Sedgwick — Deputy Fund Manager
- Bethan Cousins — Deputy fund manager
- Bethan Cousins — New Business Director

## Questions

### How is the Development Bank of Wales structured, and who owns it?

The Development Bank of Wales is a state-owned development finance institution, wholly owned by the Welsh Government. It operates as a permanent-capital entity rather than a closed-end fund, allowing it to hold investments indefinitely and prioritize regional economic outcomes over fixed-horizon exits.

### What investment instruments does the Development Bank of Wales use?

It provides a mix of secured and unsecured loans, mezzanine finance, and direct equity investments. The instrument chosen depends on the company's stage and capital needs, ranging from seed-stage start-up funding to management-buyout and succession financing. Deals can be structured as pure balance-sheet lending or equity co-investment alongside private angel investors.

### What is the maximum check size the Development Bank of Wales writes?

The Bank's public mandate authorizes funding from £1,000 up to £6 million per transaction. This per-deal cap applies across all instruments, meaning a single company cannot receive more than £6 million in aggregate from the Bank irrespective of whether the financing is structured as equity, debt, or a combination.

### Does the Development Bank of Wales provide only debt, or does it take equity positions?

It does both. The Bank deploys flexible financing that includes direct equity stakes, convertible instruments, and traditional loan capital. The choice of equity vs. debt depends on the investee's balance-sheet capacity, growth stage, and the Bank's internal assessment of optimal capital structure for the specific transaction.

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- [Deutsche Asset Management Spain](https://altss.com/profile/deutsche-asset-management-spain)
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Last updated: 2026-08-11T15:06:35.052Z

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