The Development Bank for Wales is a development finance institution that supports the space industry through equity investments. For example, it provided early funding to Space Forge, a company developing reusable satellites for in-space manufacturing, through the Wales Technology Seed Fund. This investment helped Space Forge establish a base in Wales and develop its technology. The Development Bank of Wales provides long-term capital, and technical support, making it a key player in supporting capital-intensive industries like the space sector in Wales.
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