Skip to main content

Research Repository

Advanced Search

Access to finance to SMEs at a regional level – the case of Finance Wales

Jones-Evans, Dylan


Dylan Jones-Evans


© 2015 Taylor & Francis. Since the economic recession of 2008, there is increasing evidence that small to medium sized enterprises (SMEs) have found it increasingly difficult to access funding from conventional sources such as banks. As a result, there have been various public sector interventions within the UK to close this finance gap, although this has been developed at a national rather than a regional level. This paper examines the development of one of the few publicly owned regional development funds in the UK and its role in supporting the SME sector in Wales during the economic recession. It shows the strategy undertaken was contrary to expectation during a time of economic crisis, especially in the failure to reduce the cost of borrowing to SMEs and to utilise the full range of financial instruments to ensure to maximise its impact.


Jones-Evans, D. (2015). Access to finance to SMEs at a regional level – the case of Finance Wales. Venture Capital, 17(1-2), 27-41.

Journal Article Type Article
Publication Date Jan 1, 2015
Deposit Date Jul 20, 2015
Journal Venture Capital
Print ISSN 1369-1066
Electronic ISSN 1464-5343
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 17
Issue 1-2
Pages 27-41
Keywords finance, SMEs, Wales, Finance Wales
Public URL
Publisher URL

Downloadable Citations