South West-based SWIG Finance has reached a landmark £15m in lending backed by Triodos Bank to 250 small businesses across the South West.
Most recently, SWIG Finance supported cyber security business, Cool Waters Cyber Security, with a £50k Triodos-backed loan to help them create a new cyber security apprenticeship scheme in Cornwall.
SWIG Finance, a non-profit organisation, reached the milestone within 5 years of the first loan being made. Triodos Bank, whose UK headquarters is in Bristol, is a leading expert in sustainable banking globally.
John Peters, MD at SWIG Finance commented, “Triodos Bank have been a fantastic funding partner for us, and the fact that they’re South West- based makes the fit even better. This milestone proves that through investing in SWIG Finance, investors like Triodos can benefit those smaller businesses that would otherwise struggle to access the finance they need to grow, create jobs and benefit their local communities.”
John Sharpe, senior relationship manager at Triodos Bank UK, added: “We’re proud of our ongoing partnership with SWIG, as we both have a shared understanding of the power of finance to help businesses and communities thrive. Having supported 250 small businesses in the South West through the partnership to date, we look forward to seeing these start-ups and growing businesses continue to fulfill their potential.”
About SWIG Finance
SWIG Finance is a non-profit company that supports viable South West businesses that can’t secure sufficient funding from their bank. By empowering underserved small businesses to overcome their financial barriers, we are working to create a more balanced financial ecosystem.
We’re growing every year. In 2022/23, we lent £14m to 478 businesses, helping to create and secure over 1,000 jobs and generate £44.6m in social impact. Download the report here.
If you’d like an informal chat about your funding requirements, get in touch with our friendly and professional team to see how we can help: email@example.com / 01872 227 930.