QTS Industrial Supplies secures Development Bank of Wales funding to fuel further growth





QTS Industrial Supplies secures Development Bank of Wales funding to fuel further growth

Daniel Bevan - Senior Journalist
Cardiff-based QTS Industrial Supplies Ltd is gearing up for its next phase of growth after securing a micro loan from the Development Bank of Wales. The funding will enable the company to upgrade its machinery and bolster its stock, as it continues a trajectory of rapid expansion.
Founded in 1984, QTS provides industrial supplies and machining equipment to business customers across Wales and beyond. Under the leadership of owner Andrew Harrison, the company has diversified its offering to include cutting tools, precision engineering equipment, hand and power tools, as well as maintenance, repair and overhaul (MRO) services.
The firm also supplies uniforms, PPE, and textiles equipment to a range of high-profile clients including Transport for Wales, Caerdav, Dow Silicones, and Ryanair.
The micro loan, issued via the Wales Flexible Investment Fund, will be used to enhance the firm’s operational capacity — a key factor that has already contributed to a fourfold increase in growth over the past four years.
“We’ve seen some significant expansion over the last few years and that’s been supported by us investing in ourselves,” said Harrison. “The capacity we’ve built up means we’ve been able to provide a wider range of goods and bring in more contracts. This loan from the Development Bank of Wales means we’ll be able to carry on with our growth plans. As a Welsh business based in Wales, it made sense to approach them for support.”
He also praised Investment Executive Donna Strohmeyer for her assistance, saying: “She was fantastic throughout the deal process.”
Nicola Edwards, Fund Manager at the Development Bank of Wales, said the loan was made possible thanks to recent changes to the bank’s micro loan structure. “We’ve recently revised our micro loans to cover any investment from £1,000 to £100,000, and removed the 1% arrangement fees,” she explained. “These changes mean we can now support businesses like QTS more efficiently, helping them start up and scale up more quickly.”
The Development Bank’s micro loans offer fixed interest rates, flexible repayment terms, and fast-track applications, making them accessible for a wide range of small businesses. The bank also continues its partnership with the Wales Council for Voluntary Action to ensure social and third-sector impacts are considered in its lending.
With the backing of the Development Bank, QTS Industrial Supplies is well-positioned to meet growing customer demand and solidify its role as a key supplier in Wales’s industrial and engineering sectors.
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