The Welsh Assembly’s investment arm, Finance Wales, has backed Snowdonia-based Outlook Expeditions with a six-figure sum.

The Welsh Assembly’s investment arm, Finance Wales, has backed Snowdonia-based Outlook Expeditions with a six-figure sum.

Finance Wales has converted an existing £260,000 loan to equity and is adding £470,000, bringing its total commitment to the company to £730,000. As part of the deal David Wood, a former officer in the British Army, has been appointed chairman.

Outlook, which organises and leads expeditions for young people, expects sales of £3 million this year and will use the additional capital from Finance Wales to expand its core business.

David Staziker, investment manager at Finance Wales, says, ‘With an already high quality product and strengthened environmental and ethical stances, Outlook Expeditions Ltd has a unique selling point to a young audience that is fully conscious of its green responsibilities.’

Staziker adds that the company’s relationships with schools, teachers and youth leaders is expected to underpin its further growth.