One hundred businesses from across the south west have now received funding totalling over £5 million from the South West Loans Fund.
The ERDF Convergence-backed fund helps businesses which have growth plans but are unable to raise enough money from the bank and other sources and is locally delivered by SWIG and FC Fund Managers.
John Peters, fund manager at SWIG commented: “It is great news that the South West Loans Fund has so far helped 100 local businesses, with many of these being in Cornwall thanks to Convergence support.
“Many more are set to benefit over the next four years as money repaid from the early loans is re-lent for the benefit of other growing businesses in Cornwall and the rest of the region.”
