Bristol based naval architect receives funding boost


Bristol-based Naval Architect and Boat Design business, ENPLO Ltd, is one of the latest to receive SWIG Finance funding via The Start Up Loans Company.

The £15,000 loan will be used to provide working capital to cover initial repair costs and marketing expenses while the business establishes its profile.

ENPLO Ltd provides consultancy on all aspects of ship and boat design, including repairs and new designs for their customers.

Business owner Despoina Karanta comments: “I am very grateful to Sarah and SWIG Finance for their assistance in securing this Start Up Loan, the funding will play a pivotal role in launching the business. Sarah is very knowledgeable and was able to provide advice throughout the application process.”

SWIG Finance Business Manager, Sarah Osborn, led the deal. She comments: “This is an exciting and unique female-led business that has been launched into a male-dominated industry. We believe that Despoina will be very successful with her venture and we look forward to seeing how the business evolves”.