SWIG Finance hits £15m sustainable funding landmark

By Nicky Godding

25 January 2024

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The SWIG Finance Team

South West-based SWIG Finance has reached a landmark £15 million 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, said: “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.”

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.