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Development bank recommended to boost Welsh economy

A development bank for businesses has been recommended as a "catalyst and driving force" for them to help the Welsh economy continue to grow.

Professor Dylan Jones-Evans led a group examining concerns firms were not able to borrow the money they needed to expand and take on more staff.

It found a "market failure" in available finance.

The development bank, a first of its kind for part of the UK, could have a "significant impact" on small business.

BBC Wales business correspondent Brian Meechan reports.

  • 10 Mar 2015
  • From the section Wales
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