SWIG Finance reached the impressive milestone of having invested £10m into 1,200 local start-ups and growing SMEs over the last three years.
Not only did this investment help create and safeguard over 1,500 jobs in the South West during that period, but according to industry standard measurements generated an overall benefit of £36,692,669 investment for the region. The statistics have been produced by the Economic Impact Calculator tool, which was developed by Responsible Finance (previously the Community Development Finance Association or CDFA) and supported by Citi.
John Peters, SWIG Finance MD commented: “These statistics are really impressive and demonstrate the tangible economic benefit of Responsible Finance providers like SWIG. All of our investments are made into businesses that cannot easily find the support they need from their bank and therefore this is an additional benefit that would not otherwise happen. It is a fantastic achievement.”