11th July 2016
Finance Wales’ statement on Brexit
Following last week’s EU referendum vote, Finance Wales has clarified its position for all partners and stakeholders.
- The Wales Business Fund is progressing as planned and Finance Wales is working with WEFO on the official launch of the £136 million fund this September.
- Finance Wales currently manages an additional 10 investment funds for SMEs, with funds in excess of £550 million.
- Finance Wales continues to offer a range of flexible finance between £1000 – £3million for businesses based in Wales.
A message from Finance Wales regarding the UK’s EU referendum result.
Giles Thorley, CEO of Finance Wales: “Following last week’s referendum vote I would like to assure our customers that it is very much business as usual for Finance Wales. While there is a level of political and economic uncertainty at the moment, we are still able to offer a range of funding packages to companies here in Wales. In addition, we remain able to support the purchase of new homes through the Help to Buy – Wales shared equity loan scheme. Our investment funds come from multiple sources, including the Welsh Government and European Union. We continue to work with the Welsh Government on their key economic policy priorities – supporting Welsh SME’s and home buyers. In times like these it is our responsibility to maintain the liquidity of the economy. We are committed to doing so. Moving forward, we will work with the Welsh Government and other stakeholders to ensure that funding sources are still open to Welsh businesses.”