The Development Bank of Wales has reached an investment milestone of £1bn which has supported more than 51,000 jobs since its creation eight years ago.

The bank, which is wholly-owned by the Welsh Government, was launched in November, 2017 - having evolved from what was Finance Wales.

The £1bn invested, through loans, equity investment and property related lending, has supported 51,089 jobs and generated £5.8bn in employment-based GVA (gross value added), while unlocking a further £363m in private sector co-funding. Equity investments have totalled £138m.

Since its launch the development bank has seen 30 equity exits - although 16 involved firms that had received backing from its predecessor Finance Wales.

The original equity investment from the successful exits totalled £50.74m. When

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