SWIG Finance is a non-profit company that supports viable South West businesses that can’t secure sufficient funding from a bank. By empowering underserved small businesses to overcome their financial barriers, the organisation is working to create a more balanced financial ecosystem.
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 reached the milestone within five years of the first loan being made.
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.”
Triodos Bank, whose UK headquarters is in Bristol, is a leading expert in sustainable banking globally.
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 fulfil their potential.”
SWIG Finance is one of the Community Development Finance Institutions (CDFIs) that Triodos supports. A CDFI is a non-profit lender that provides debt finance and support to businesses through a relationship-based approach to lending.
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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.
About Triodos Bank
Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. As an independent bank that promotes responsible and transparent banking, it does not see any conflict between a focus on people and the planet and a good financial return. Instead it believes that they reinforce each other in the long-term.
Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values (GABV), a network of sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.
Triodos Bank UK Ltd is a wholly owned subsidiary of Triodos Bank NV. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales Company No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. VAT reg no 793493383.