Whopping Welsh Investments

Over the 2010-11 fiscal year, according to a news article in the Daily Post, Finance Wales (FW) “invested a record £39 million in Welsh businesses.” However, this led to the company again going over its annual investment budget, with 199 debt and equity investments, rendering the total to over 2,600.Š To date, there has been an investment totaling more than £197 million in SMEs in Wales. This resulted in an a leveraging of another £390 million investment.

Sian Lloyd Jones, CEO of FW said, “I’m pleased we’re continuing to play an important role in helping Welsh businesses achieve their growth ambitions in such a difficult funding climate.

We made a large number of new investments in the year and we also continued to invest in businesses in our existing portfolio, which highlights the importance of follow-on funding for growing businesses.”

Other Welsh Investment News

There has been more good financial news for Wales. FAUN (LLANGEFNI manufacturer) will be merging with Zoeller Waste Systems as well as acquiring OTTO Lifts. This is great news for the company as with all its experience combined, according to Simon Hyde, it’s CEO, this will be able to “create a strong platform to capitalize on the developing maintenance and private sector markets.” In addition, according to another Daily Post article, he believes this union will “bring together the knowledge and skills of three of the European RCV market’s leading firms.”