Investment Fund for Wales


What is IFW?

The Investment Fund for Wales (IFW) is a £130 million investment fund, aimed at driving the growth of small and medium-sized businesses in Wales. 

The IFW is one of a series of Nations and Regions Investment Funds being launched by the British Business Bank which will deliver a £1.6 billion commitment of new funding to smaller businesses across the UK. 

The Investment Fund for Wales will offer a range of commercial finance options with loans from £25,000 to £2 million and equity investment of up to £5 million. By increasing the supply and diversity of early-stage finance for smaller businesses in Wales it aims to tackle an identified funding gap. 

FW Capital manages the £30 million IFW – FW Capital Debt Finance fund. 

We provide loans from £100,000 to £2 million to help businesses grow. The funding can be used for a variety of business needs, including: 

  • Growth capital 
  • Hiring staff 
  • Expanding into new markets 
  • Developing products and services 
  • Purchasing equipment or machinery 
  • Buying, upgrading or expanding premises 
  • Transition to net zero 

Loans are available between 1 - 5 years.


We can help businesses who are based in Wales and have the potential to grow. 

If your business isn’t based in Wales, but is either willing to relocate or will have a material presence in Wales as a result of the investment, then this should be sufficient – our local Investment Executives can provide further guidance on this. 

Before you start your application, make sure your business meets the criteria of the fund.

Making a IFW application

To apply for an IFW loan, you’ll need to provide us with the following:

  • 3 months bank statements
  • 3 years annual accounts 
  • Latest management accounts, including P&L, Balance Sheet and Aged Debtors & Creditors 
  • Statement of personal assets and liabilities 

We may require further information as part of your application.


Need to know more first?

If you have a question on IFW, just send us a message or try reading our FAQ section. Alternatively, if you are ready to apply, you can begin here.