Finance Wales Newtown
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Finance Wales (Development Bank of Wales) - Newtown
While "Finance Wales" is the historical name, the current entity is the Development Bank of Wales. Its presence in Newtown, Powys, plays a crucial role in supporting businesses and stimulating economic growth in Mid Wales.
Focus and Objectives
The Development Bank of Wales' Newtown presence, like its broader operations, aims to:
- Provide funding to Welsh businesses: Offering loans, equity investments, and other financial products to companies that struggle to secure funding from traditional banks.
- Support SMEs: With a particular focus on small and medium-sized enterprises (SMEs), which are the backbone of the Welsh economy.
- Encourage job creation: Funding projects that lead to the creation of new jobs and the retention of existing ones.
- Drive innovation: Investing in businesses with innovative ideas and technologies that have the potential for growth.
- Promote regional development: Addressing regional inequalities and fostering economic prosperity across Wales. Newtown and the wider Powys area are specifically targeted for support.
Services Offered
The Development Bank of Wales in Newtown offers a range of financial products tailored to the needs of businesses at various stages of development. These include:
- Loans: From small business loans to larger commercial loans.
- Equity investments: Taking a shareholding in companies with high growth potential.
- Property development finance: Supporting property development projects that contribute to economic regeneration.
- Micro loans: Smaller loans for start-ups and early-stage businesses.
Impact on Newtown and Powys
The presence of the Development Bank of Wales in Newtown provides a vital source of funding and support for local businesses. This support translates into:
- Increased business activity: Providing capital for expansion, investment, and innovation.
- Job creation: Funding projects that create new employment opportunities.
- Economic diversification: Supporting businesses in a range of sectors, reducing reliance on traditional industries.
- Improved infrastructure: Investing in property development projects that enhance the local infrastructure.
Contact Information
To learn more about the Development Bank of Wales and its services in Newtown, please visit their website (developmentbank.wales) or contact their regional office.
Important Note
Always verify the most up-to-date information, services, and contact details directly with the Development Bank of Wales.