The Development Bank of Wales has expanded its support to the property sector with the launch of the Wales Residential Property Fund, offering loans of up to £10 million and covering up to 100% of build costs.
The fund is designed to support residential and mixed-use schemes, help unlock stalled projects and encourage innovation in housing delivery.
In 2024/25, the Development Bank provided £48 million in property finance, backing 24 developments and enabling the construction of 390 new homes, including affordable units and commercial space.
To find out more about the fund, Business News Wales editor Gemma Casey spoke to Nicola Crocker, property fund manager at Development Bank of Wales and Neil Dodd, owner of New Generation Developments Ltd. She began by asking Nicola about the current market conditions for residential property development in Wales.
To find out more about the Wales Residential Property Fund visit https://developmentbank.wales/get-business-finance/property-development-loans/residential-property-loans