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7th August 2019

Bombora makes waves with Development Bank of Wales funding

Innovative wave energy technology developer Bombora has secured a seven figure working capital facility with the Development Bank of Wales in a move that will help secure the company’s future in Wales.

Last year the company was awarded a £10.3m grant from the European Regional Development Fund through the Welsh Government. The new working capital facility with the Development Bank will help Bombora to manage its cash flow while the grant is received over the next two years.

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