Prime Highlights
- The Investment Fund for Wales made its largest £3.5 million investment to support Advantiv’s expansion and growth.
- The funding will help the company open new locations, create jobs, and improve operations across the UK.
Key Facts
- The investment was made through Foresight Group to support scaling, hiring, and system upgrades.
- Backed by the British Business Bank, the fund has invested over £37 million into 93 businesses in Wales since 2023.
Background:
A major boost to Wales’ industrial sector has been announced as the Investment Fund for Wales completes its largest deal to date, investing £3.5 million into industrial services firm Advantiv Limited. The funding is an important step for the Investment Fund for Wales as it continues to support the growth of small and medium-sized businesses.
Advantiv Limited, based in Merthyr Tydfil and Pembroke Dock, provides engineering products, site services, and procurement solutions to businesses in different sectors. The company is known for providing complete industrial support services.
The investment, made through Foresight Group, will help Advantiv grow across the UK by opening new locations, hiring more staff, and improving its systems.
Company leaders said the funding will support their growth while keeping service quality high. They plan to strengthen their team and look for new opportunities.
The initiative is backed by the British Business Bank, which aims to help Welsh businesses get funding and support for long-term growth.
Officials noted that the deal reflects the fund’s commitment to nurturing ambitious companies and enabling them to compete on a broader stage. Over the past two years, the fund has invested more than £37 million into 93 businesses across Wales, alongside attracting £9.5 million in co-investment.
This latest investment will help Advantiv grow and shows confidence in Wales as a strong place for industry and business.
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