£25m Wales Succession Management Fund (Wales)

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£25m Wales Succession Management Fund (Wales)

The Welsh Government has launched a new fund to back the next generation of Welsh business owners.

The £25 million fund will provide ambitious Welsh managers and management teams with the funding they need to buy established Welsh SMEs when their current owners retire or sell up. The aim is to help 20 Welsh SMEs create and safeguard over 1,000 jobs under new ownership. Managed by Finance Wales, 5 – 7-year debt and equity investments of between £500,000 and £3million will be available from the new fund. The first step is to complete the form on the website and the Finance Wales team will get in touch to find out more about your plans and provide relevant information.

http://www.financewales.co.uk/business-finance-/buying-a-business.aspx

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