Venture Capital Fund Aims to Support Smes in Wales ; Launch Will 'Fill Gap in Under Served Market'

Western MailMay 13, 2009

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A NEW venture capital fund aimed at supporting small and medium- sized enterprises in Wales will be launched this summer.

Cardiff-based Wales Fund Managers (WFM) said it plans to raise pounds 50m for its WestBridge SME Fund by the middle of next year.

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Venture Capital Fund Aims to Support Smes in Wales ; Launch Will 'Fill Gap in Under Served Market'

The fund has been extensively pre-marketed and expects a first close of between pounds 15m and pounds 20m - before a targeted final...

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