SWIG Supports Japanese Street Food Business Expansion
Summary
Eatchu, which specialises in Japanese street food, has received a smaller loan from SWIG Finance as part of the South West Investment Fund to establish a fully-fitted dine-in and takeaway premises in Clifton.The \xa3200m South West Investment Fund covers the entire South West region and provides loans from \xa325k to \xa32m and equity investment up to \xa35m to help a range of small and medium sized businesses to start up, scale up or stay ahead.Eatchu owners Guy and Victoria Siddall began trading in 2016 and soon became a permanent lunchtime trader at Bristols historic St Nicholas Market. This new takeaway premises will widen our customer base quite significantly, however, the costs are high and so without South West Investment Fund support, this round of growth may not have been possible.SWIGs Senior Business Manager, Nicola Parker, commented What Guy and Vic have achieved through Eatchu is a great example of how to start and scale a business. Despite the challenges brought on by the pandemic, this business continues to grow at a rapid pace.Jody Tableporter, Director UK and Regional Funds at the British Business Bank, said: The South West Investment Fund is here to help small businesses like Eatchu reach the next stage of growth and were delighted to be supporting Guy and Vics latest Bristol venture.The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. The South West Investment Fund will increase the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.SWIG Finance manages the smaller loans part of SWIF across the region.SWIG Finance is a non-profit company that supports viable South West businesses that cant secure sufficient funding from their bank. Download the report here.If youd like an informal chat about your funding requirements, get in touch with our friendly and professional team to see how we can help: info@swigfinance.co.uk / 01872 227 930.