The alternative finance provider has said that it is targeting several key sectors this year, including manufacturing, wholesale and professional services.
Last year, Growth Street reported that it had matched £100m of loans between its platform users and borrowers since it launched in 2015.
Greg Carter, CEO at Growth Street (pictured above), said: “Welsh businesses have long been at the centre of industry in the UK.
“We already work with amazing Welsh businesses who are ambitious and excited about the future.
“By channelling this investment into Wales, we want to try and help SMEs all over the country fulfil their potential.
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“Growing UK SMEs aren’t always understood by traditional finance providers.
“We believe that more than ever, businesses need a finance provider that gets them, partnering for the long term and helping them take advantage of opportunities as they expand.”
Harri Lloyd-Davies, president of the South & Mid Wales Chambers of Commerce, added that it was delighted about the announcement.
“Not only is Growth Street’s commitment a sign of confidence in the Welsh economy, it reinforces Wales’s status as a developing powerhouse for ambitious, growing businesses.
“We believe that for Welsh industries to thrive in the coming years, businesses need to work with funding providers that really understand them.”
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