SWIG Finance

SWIG Finance is a prominent not-for-profit social enterprise dedicated to fostering economic growth and job creation across the South West of England. Based in Truro, UK, the organization specializes in providing crucial access to finance for viable small and medium-sized enterprises (SMEs) and start-ups that may struggle to secure funding from traditional high-street banks. Their mission centers on supporting businesses with strong potential, helping them to launch, grow, and thrive, thereby contributing significantly to regional prosperity.

As a key delivery partner for several national and regional funding initiatives, SWIG Finance plays a vital role in the UK's business support ecosystem. They are notably a significant partner for the British Business Bank's Start Up Loans programme, which offers finance to new businesses, and also manage components of the Cornwall and Isles of Scilly Investment Fund (CIOSIF). Their diverse portfolio of loan products is designed to meet various business needs, ranging from initial seed capital for nascent ventures to growth funding for established operations, including support through schemes like the Recovery Loan Scheme.

Over its operational history, SWIG Finance has demonstrated a substantial impact on the regional economy. The organization has successfully lent over £100 million to more than 7,000 businesses, underscoring its commitment to widespread business development. This extensive funding has directly contributed to the creation and safeguarding of over 12,000 jobs across the South West, highlighting their effectiveness in driving employment opportunities. Their typical first cheque sizes vary significantly depending on the specific loan product, reflecting their broad support for businesses at different stages of development.