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Verified source: Development Bank of WalesLast verified 27 Sept 2026

Wales Flexible Investment Fund

The £500 million Wales Flexible Investment Fund, managed by the Development Bank of Wales, supports Welsh businesses with loans, mezzanine finance, and equity investments.

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Key facts

Funding amount
£25,000 to £10 million
Deadline
Rolling – no fixed deadline
Region
Wales
Business type
Small businesses & SMEs
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Plain English summary

The Wales Flexible Investment Fund offers significant financial backing to businesses across Wales, providing loans, mezzanine finance, and equity investments ranging from £25,000 to £10 million. Managed by the Development Bank of Wales, this fund aims to foster growth and expansion for Welsh companies, as exemplified by the recent investment in the gaming technology startup, Breaking Change.

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Who this is best for

  • Small businesses & SMEs
  • Organisations based in Wales
  • Projects aligned with innovation funding
  • Teams seeking funding around £25,000 to £10 million

Who should not apply

  • Individuals applying in a personal capacity (unless explicitly permitted)
  • Organisations based outside Wales
  • Large enterprises above SME thresholds
  • Applicants who cannot meet the official eligibility criteria below

Eligibility checklist

Tick what applies to your organisation before applying.

Official source

Funding body
Development Bank of Wales
Last verified
27 Sept 2026

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