Total value of funding and measurement of impact.

Jade Rough made this Freedom of Information request to Development Bank of Wales plc

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

The request was successful.

Dear Ms. Downes,

We are compiling data on the number of start up companies and growing companies in Wales who have received funding. This data will be used to compare the impact of different funding mechanisms.

1) For each year since 2008 how many companies have received funding?

2) What is the total value of the funding each year?

3) How many jobs have been created each year?

4) How is the impact measured (percentage turnover increase)?

5) What do you monitor in order to measure the effectiveness of funding?

Yours faithfully,

Jade Rough
Butterfly Projects

Dear Finance Wales Public Limited Company,

By law, the authority should normally have responded promptly and by 7 April 2014, please could you let me know what is going on?

Yours faithfully,

Jade Rough

Beverley Downes,

1 Attachment

Dear Ms Rough,

 

Freedom of Information Act 2000 – Request for Information:

 

I refer to your e-mail sent to Finance Wales on 30^th March 2014  in which
you requested:-

 

For each year since 2008 how many companies have received funding?

 

What is the total value of the funding each year?

 

How many jobs have been created each year?

 

How is the impact measured (percentage turnover increase)?

 

What do you monitor in order to measure the effectiveness of funding?

 

In response to your request I am able to provide the following
information:

 

1.    Businesses supported and jobs created since 2008 broken down by
year:

Financial Jobs
Year Businesses Supported created
                                     
2008-09 192 647
2009-10                                      254 169
                                     
2010-11 202 250
                                     
2011-12 135 1,118
                                     
2012-13 186 644
      
2013-14                                180 1,556

 

2.    The value of investment by year can be found on the [1]Investment
Performance pages of the  Finance Wales website.

3.    Further detail about our key performance indicators can be found on
the [2]Investment Impact pages of the Finance Wales website

 

Your request has been considered according to the Freedom of Information
Act 2000 and principles set out in the National Assembly for Wales Code of
Practice on Public Access to Information the Code is published [3]here.

 

If you believe that Finance Wales has not applied the Code correctly or
has not followed the relevant legislation please contact me.  If you are
still not satisfied you may make a formal complaint to Finance Wales. 
Details of Finance Wales complaint procedure are available via e-mail from
[4][Finance Wales request email] or alternatively can be obtained by writing
to:-

 

Customer Services

Finance Wales

Oakleigh House

Park Place

Cardiff

CF10 3DQ

 

If you remain dissatisfied with the way that Finance Wales has dealt with
your request you are advised that you have a right to complain to the
Information Commissioner who can be contacted at:-

 

Information Commissioner’s Office,

Wycliffe House,

Water Lane,

Wilmslow,

Cheshire,

SK9  5AF

 

Yours sincerely

 

Beverley Downes

Head of Services - Pennaeth Gwasanaethau

 

+44 (0)7919 324 606

+44 (0)29 2033 8176

 

[5]www.financewales.co.uk

[6]www.cyllidcymru.co.uk

 

 

[7]Description: Description: finance wales logo_rgb

 

 

 

This email is confidential and is intended for the addressee only. If you
are not the addressee, please delete the email and do not use it in any
way. The Finance Wales Group may monitor outgoing and incoming emails and
other telecommunications on its IT systems. By replying to this email you
give your consent to such monitoring. 

 

Finance Wales plc is registered in England & Wales under number 4055414.

Finance Wales Investments Limited is registered in England & Wales under
number 1833687.

Registered office: Oakleigh House, Park Place, Cardiff CF10 3DQ.

Finance Wales plc and Finance Wales Investments Limited are part of the
Finance Wales Group.  Details of the Finance Wales Group are available via
the following link [8]www.financewales.co.uk

References

Visible links
1. http://www.financewales.co.uk/what-we-do...
2. http://www.financewales.co.uk/what-we-do...
3. http://wales.gov.uk/publications/accessi...
4. mailto:[Finance Wales request email]
5. file:///tmp/www.financewales.co.uk
6. http://www.cyllidcymru.co.uk/
8. http://www.financewales.co.uk/

Dear Beverley Downes,

For questions 4 and 5 asked in the previous request -

4) How is the impact measured (percentage turnover increase)?

5) What do you monitor in order to measure the effectiveness of
funding?

You said this information was available via this hyperlink: http://www.financewales.co.uk/what-we-do...

However, having looked at this page I do not believe it contains the answers to the questions. Is there a direct link to this information or could you tell me if I am overlooking something on that page?

Yours sincerely,

Jade Rough

Beverley Downes,

Dear Ms Rough,

Thank you for your query. The page referred to provides the metrics that are tracked as part of investment impact, specifically, Private Sector Investment, Job Creation and Research and Development activity.

Yours sincerely,

Beverley Downes
Head of Services - Pennaeth Gwasanaethau

+44 (0)7919 324 606
+44 (0)29 2033 8176

www.financewales.co.uk
www.cyllidcymru.co.uk

show quoted sections