Social Impact Report 2024/25

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SWIG Group

SWIG Limited (company number 02463497)

South West Investment Group Limited (SWIG Group) is the holding company for the group and is a not-for-profit company limited by guarantee. It uses any surplus to reinvest in the work of the group and in turn to support economic development throughout the South and West Country.

The SWIG Group is governed by a Board of Directors who are also the members of the company. They are:

Christine Allison – Chair

Bill Baker

David Brown

Winston Duguid

Rebecca Pritchard

Carmen Peacock

David MacCarthy

Gonzalo Trujillo

Harry Partington

Nicky Pooley serves as Company Secretary

SWIG (Capital) Ltd

SWIG Capital is the fund holding arm of the South West Investment Group

Established in 1989, it has been responsible for holding the capital of various of the Group’s loan funds, procuring fund managers and monitoring and reporting on the performance of those funds to the SWIG Group board and to the original funders including the British Business Bank and central government.

Over the years SWIG Capital has invested more than £38m in South West businesses. Currently the only active fund is the South West Loans Fund II which by 31 July will have invested £10.8m in loans to SMEs. SWIG Capital also holds a number of other funds which are now in the realisation phase. This portfolio is managed by fund managers with the requisite experience of operating in this type of risk finance. Much of this is undertaken by the fund delivery arm of the group, SWIG Finance Limited, following a competitive tender. SWIG Capital has a transparent and independent process for undertaking such tenders which has been accepted by external public authorities. The compliance processes for managing and monitoring public funds has been recognised by external funders and stakeholders as being excellent.

Once each fund is completed, SWIG Capital’s portfolio has a significant legacy for reinvestment in the South West region. Monies are generally allocated to the geographical area for which they were sourced and must be used for similar purposes, i.e. risk finance for South West businesses, but the design of the products needs to be determined by SWIG Capital in conjunction with the local stakeholders, such as LEPs and local authorities as well as the national bodies.

SWIG Capital Directors

The directors have experience in business, finance, accountancy and law.

  • Bill Baker (Chair)
  • Nicky Pooley (Executive Director)

Contact

Email: finance@swigcapital.co.uk

Call: 01872 277331

South West Investment Group (Capital) Ltd, a company registered in England number 02360656 is a fund holding subsidiary of South West Investment Group Ltd, a company registered in England no. 02463497, Lowena House, Glenthorne Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9NY.

South West Investment Group (Capital) Ltd is authorised and regulated by the Financial Conduct Authority for consumer credit, licence number 730536. Its address is 25, The North Colonnade, Canary Wharf, London, E14 5HS.