"Record" quarter for SWIG Finance
Tue, 28th October 2014

"Record" quarter for SWIG Finance

The South West Investment Group has revealed it lent £1.4m to businesses across the region during the third quarter of 2014, the highest amount since the company was formed in 1989.

More than 130 businesses benefited from SWIG Finance's funding streams, which include the government-backed Start Up Loan scheme, the Regional Growth Fund (RGF) and the European Regional Development Fund (ERDF).

Capital was lent to a range of companies, including start-up enterprises and established groups looking to expand.

John Peters, managing director of SWIG Finance, said: "We are thrilled that SWIG Finance has received record lending in the last quarter.

"Not only does this show an appetite for growth across the South West region, but this also demonstrates the continuing need for alternative finance providers such as SWIG Finance in supporting that business growth."

SWIG was formed in Cornwall in 1989.

category South West  |  source Insider Media