This month SWIG Finance announces the remarkable milestone of investing £10 million into new businesses in the South West through the Start Up Loans scheme.
Launched in 2012, Start Up Loans provides government- backed loans and free business support for new entrepreneurs and businesses trading for less than 24 months. It is managed nationally by the Start Up Loans Company, a subsidiary of the British Business Bank. SWIG Finance was one of the first Delivery Partners to join the scheme, through which it has assisted over 1,245 start-ups in the last 5 years.
More than 290 businesses in Cornwall have successfully received funding from the Start Up Loans Scheme, 149 in Devon and 158 in Bristol with 649 start up businesses across the rest of the region also accessing funding and support for their business.
Over the next few weeks, SWIG Finance will be looking back at some of the businesses that got off to a great start thanks to the Start Up Loans Scheme. Keep an eye out for their incredible journeys and inspiring stories.