Business finance figures for Wales, from the British Business Bank.
46% of smaller businesses in Wales were using external finance in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Smaller businesses (0-249 employees). UK Finance/BVA BDRC SME Finance Monitor, unweighted n=17,011 for 2024. Annual share of businesses using external finance.
The share of smaller businesses using external finance in Wales fell by 7 percentage points between 2023 and 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Change on 2023 in percentage points as printed in the source table. The source table shows '-' for London, which is not recorded.
35% of smaller businesses in Wales were willing to use external finance to grow in 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as '2024'.
Major banks approved or increased an average of 245 loan and overdraft facilities per 10,000 smaller businesses in Wales between 2022 and 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Period taken from the main report passage on 2022 to 2024 averages. The Devolved Nations briefing note repeats the figure but labels the period 2021-2023.
219,955 smaller businesses with 0 to 249 employees were counted in Wales at the start of 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as 'Start 2024'.
74 announced equity deals were recorded for smaller businesses based in Wales in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data, based on the head office of the recipient business.
Announced equity deals for smaller businesses based in Wales were worth £113m in 2024.
Source: Nations and Regions Tracker 2025, British Business Bank, 2024
Beauhurst data.
Major banks approved or increased 5,479 loans and overdrafts for smaller businesses in Wales in 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as '2024'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.
Major banks approved or increased 7,348 loans and overdrafts for smaller businesses in Wales in the 2021/22 financial year.
Source: Nations and Regions Tracker 2022, British Business Bank, 2021/22
Annex table, period printed as '2021-22 FY'. UK Finance data on the largest SME lenders.
Major banks approved or increased loans and overdrafts worth £612m for smaller businesses in Wales in 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as '2024'. UK Finance data on the largest SME lenders; the 2023 annex marks figures as Great Britain only for the share column.
Major banks approved or increased loans and overdrafts worth £697m for smaller businesses in Wales in the 2021/22 financial year.
Source: Nations and Regions Tracker 2022, British Business Bank, 2021/22
Annex table, period printed as '2021-22 FY'. UK Finance data on the largest SME lenders.
The national development bank newly supported an estimated 1,400 businesses in Wales in 2025/26.
Source: Impact Report 2026, British Business Bank, 2025/26
British Business Bank estimates, apportioned from UK-wide estimates using programme data on business location; rounded to the nearest hundred. Includes debt, guarantee and equity programmes.
306 Start Up Loans were drawn by businesses in Wales in 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as '2024'.
Start Up Loans drawn by businesses in Wales were worth £4m in 2024.
Source: Nations and Regions Tracker 2025: Devolved Nations Briefing Notes, British Business Bank, 2024
Factsheet table, period printed as '2024'.
46% of smaller businesses in Wales were using external finance in 2024. The share of smaller businesses using external finance in Wales fell by 7 percentage points between 2023 and 2024. 35% of smaller businesses in Wales were willing to use external finance to grow in 2024.
46% of smaller businesses in Wales were using external finance in 2024.
The share of smaller businesses using external finance in Wales fell by 7 percentage points between 2023 and 2024.
35% of smaller businesses in Wales were willing to use external finance to grow in 2024.