News

Celebrating Impact: Launching SWIG Finance’s New Impact Report 2023-2024

By | |

SWIG Finance, founded in 1990, is a cornerstone finance provider to small and medium enterprises (SMEs) across the South and West Country of England. Over the years, the company has expanded its reach and influence, making a significant impact on local communities.

SWIG Finance is now excited to launch its Impact Report for 2023/24, showcasing its achievements and the broader social benefits of its lending activities.

As a Community Development Finance Institution (CDFI), SWIG’s mission is to ensure that all small businesses have access to the financial backing and support they need to thrive.

2023/24 has been another strong year of lending activity, with £14m delivered in over 500 loans to a wide range of local businesses across a broad range of sectors.

SWIG’s commitment to inclusive growth, social and environmental impact, and removing barriers to finance is at the heart of everything they do. Reflecting this, 21% of their lending goes into deprived areas, 43% to women-led businesses and 12% to ethnic minority-led businesses.

From offices in Bristol, Exeter, Poole and Truro, SWIG Finance provides a range of financial products tailored to meet the needs of new and growing businesses, backed by a committed lending team that provides support and guidance to their customers.

The social impact of SWIG Finance’s lending activities has nearly doubled in recent years, with 2023/24 generating a social impact value of £71.5 million. These values were generated through the CDFI Economic Impact tool, developed by Responsible Finance.

SWIG’s Managing Director, John Peters commented “At SWIG Finance, we strive to maintain a focus on a triple bottom-line, recognising that Planet, People and Profit together build a stronger future. We are proud of our impact measures and seek to maintain focus on responsible lending to viable small businesses”.

SWIG Finance takes a people-based approach to funding smaller businesses where that support benefits local communities. Its team takes immense pride in the work they do, supporting economic growth and development throughout the South and West Country.

For those seeking alternatives to traditional funding, SWIG Finance invites you to explore the comprehensive support they offer. Download their 2023/24 Impact Report to learn more about their impact and how they can support your business journey.

Download the full report here and discover how SWIG Finance can help your business grow and thrive. For more information, contact our team at [email protected] or visit our website at www.swigfinance.co.uk.