Wales Business Succession Fund
Closing Date: –
This fund provides equity and debt support for management teams in Wales undertaking buyouts or buy-ins to retain local ownership and safeguard jobs.
The Development Bank of Wales has launched the £40 million Wales Business Succession Fund to support management buyouts and buy-ins across Wales. The programme is designed to help retain Welsh ownership, safeguard employment and maintain business continuity when owner-managers retire or sell equity stakes.
The fund follows the £25 million Wales Management Succession Fund, which will close this year after supporting 26 buyouts and protecting more than 700 jobs since 2019. The new fund is expected to support over 1,000 jobs and aims to assist management teams in securing succession deals that enable businesses to remain embedded in their local communities.
By facilitating business transitions, the Wales Business Succession Fund seeks to provide opportunities for the next generation of owners, support growth and contribute to the Welsh economy.
| Funding body | Development Bank of Wales (Banc) |
|---|---|
| Maximum value | £5,000,000 |
| Reference ID | S54512 |
| Category | Business Support |
| Fund or call | Fund |