The Cotswold Bed Company in Cheltenham has expanded its operations and workforce following a £184,000 finance boost from the South West Investment Fund and the Community Investment Enterprise Fund, facilitated by SWIG Finance.
© Paul Savage
Co-owners Paul and Alejandra Whitelocks used the funds to acquire specialist equipment, including a planer thicknesser and a CNC router, and hire four new staff members, enhancing their bespoke furniture offerings for high-end clients. The investment supports the company's tenth anniversary and enables continued growth, with annual increases of 10–15 per cent and expectations of 25 per cent this year.
The company operates two factories and a showroom near Elkstone, supplying bespoke and bulk orders to clients worldwide. It is among the first in Gloucestershire to gain B Corporation certification, committing to high standards in worker rights, environmental practices, and community involvement.
Jim McLaren, SWIG Finance business manager, highlighted the loan's impact in reducing costs and supporting employment, while David Tindall from the British Business Bank noted the investment enhances productivity, sustainability, and the local economy.
The South West Investment Fund provides loans from £25,000 to £2 million and equity investment up to £5 million, aiming to drive economic growth and support small and medium-sized businesses across the South West of England.
Source: www.bigfurnituregroup.com
