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Finance Wales: Growth in small loans investment

Investment in small and medium firms by the Welsh government's investment bank rose by 20% to £31m in the last year, figures show.

Finance Wales attribute the rise to growing confidence in the economy.

It says demand for micro loans of up to £25,000 doubled between 2012-13 with more people setting up in business.

Officials admit they do not have the financial "firepower" as high street banks but that they are more willing to invest in start-up businesses.

Investment up 20% in smaller firms

  • 12 Jun 2013