CURRENTLY CLOSED: The Growing Places Infrastructure Fund (GPIF) provides loan investments to companies in Swindon and Wiltshire to use towards capital elements of projects. As a guide, we seek projects requiring loans from £150,000 to circa £1m. 

Investments will focus on projects that:

  • deliver sustainable economic growth within Swindon and Wiltshire
  • meet our strategic objectives as set out in the GPIF prospectus when the fund is open
  • currently cannot be developed due to infrastructure or commercial constraints
  • can proceed quickly
  • can be repaid in around three to up to seven years, five years is the usual term

 Applications to the fund will need to demonstrate ‘value for money’ and will take into account the following:

  •  level of investment per new job
  •  level of private investment leveraged
  •  pace of delivery of the ‘outputs’
  •  certainty and timing of repayments

Please note that the GPIF loan fund no longer invests in pre-revenue companies or projects.  Security against the loan is a requirement.

For more detailed information regarding applying for a loan, please read the GPIF Prospectus, January 2026. NOTE - THIS FUND IS CURRENTLY CLOSED

 

Application Process

Stage 1: Expression of Interest

Applicants are asked to complete a short expression of interest for a loan.  Eligible applications which are shortlisted will be invited to submit a full application.  Due diligence, credit and fraud checks will be undertaken.

A copy of the Expression of Interest can be accessed here.

Stage 2: Full Application

A copy of the full application form can be reviewed here when the fund is open. In addition, we require:

  • three-years of financial accounts
  • Business Plan for the investment
  • Cashflow forecast

The application also requires details regarding:

  • security on offer
  • other lending arrangements

Additional due diligence, credit and fraud checks will be undertaken at full application stage.

Fraud checks and privacy notice

Please note that the personal information we will collect from you will be shared with fraud prevention agencies who will use it to prevent fraud and money laundering and to verify your identity.  If fraud is detected, you could be refused certain services, finances or employment.  Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found at: www.cifas.org.uk/fpn.

In addition, Full Circl will be used for credit checks.

We may share your information with other Wiltshire Council teams and Swindon Borough Council where this is necessary to assess your application and prevent fraud.

More information about our privacy policy  can be found here:
Introduction - Wiltshire Council;

Privacy notice - Economic Regeneration - Wiltshire Council; and
Privacy notice - Revenues - Wiltshire Council

Privacy notice - Swindon Borough Council

 For further details about the GPIF Programme please email  [email protected]