Folk2Folk exceeds half a billion in lending

Folk2Folk has announced it surpassed the £500m lending mark.

The specialist finance provider achieved the milestone after lending £108m in 2021 alone, 80% more than the previous year.

Of the £108m lent during 2021, 20% was provided viaFolk2Folk’s Innovative Finance ISA.  

The lender’s largest single facility completed in 2021 was £12m, double the size of the company’s biggest transaction of 2020. 

The five largest loans were delivered into Devon, Ayrshire (Scotland), Dorset, Kent and East Sussex respectively.

A variety of sectors have benefitted from Folk2Folk’s funding, including property development, agricultural diversification, alternative energy, as well as leisure and tourism business-owners seeking to capitalise on current and emerging opportunities by investing in their business.

Roy Warren, managing director at Folk2Folk (pictured above), said: “An 80% uplift in the total value of completed loans in just one year is significant by anyone’s measure and, coupled with our consistent and growing profitability, signifies a very exciting future for Folk2Folk. 

“We are proud to have maintained our zero capital losses record through this period of growth and maintained a controlled default rate. 

“However, our grip remains firmly on the tiller with regards to our internal credit processes and portfolio management.

“We are inspired every day by the energy and resilience we see in the business-owners we help; our mission is, and always has been, to help create and sustain financially successful rural and regional communities. 

“We deeply believe that the health of these local economies is essential for the UK’s post-Brexit and post-pandemic recovery, and that is why we are unwavering in our determination to channel funding into new and existing businesses in these areas.”

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