FOLK2FOLK, a leading peer-to-peer lender based in Launceston, recently celebrated their move into a new head office with a summer party on July 22, welcoming North Cornwall Conservative MP Scott Mann, Mayor Brian Hogan and many leading local business owners from across the South West.

Folk2Folk have moved into their new national headquarters, Number One, to help accommodate their rapidly expanding business that has enjoyed great success since launching in 2013.

Folk2Folk have a number of offices across the South West and is rolling out further branches in market towns across the country later this year and in 2017.

In June 2016, the peer-to-peer lender passed the £100 million milestone of loans funded, and this move into the historic building in Launceston demonstrates the success of their business model and the level of demand for their local lending service.

Folk2Folk are one of the UK’s largest peer-to-peer lenders with a unique business model focusing on lending within local communities, including bringing together investors seeking attractive and secured returns, and borrowers looking for access to affordable capital to develop and grow their business.

More than 70% of Folk2Folk investors are repeat lenders, demonstrating the strength of Folk2Folk’s product. Folk2Folk is expanding its workforce and recently appointed a new head of Business Development and Sales, helping to widen the company’s reach and deepen its professional networks throughout the country.

Folk2Folk are the anchor tenant of the new premises, Number One, which previously served as council offices and has sat unused for a number of years. The quality and flexibility of space at Number One will provide business space to new tenants and help support the South West’s growing business community.

Jane Dumeresque, Folk2Folk CEO, said: “We are thrilled to move into Number One, which provides excellent workspace for Folk2Folk’s head office base as we expand our business across the country.

“Folk2Folk has enjoyed great success since launching in 2013, and Number One provides the perfect environment to nurture growth for us and other businesses looking for quality office space.”

Mr Mann said: “It is a great pleasure to be here to mark the opening of a new centre for business in the South West and support the continued growth of a local success story, Folk2Folk.

“As a new business centre in Launceston, Number One offers flexible office space for vibrant growth businesses from the South West and beyond, providing an environment in which they can thrive.”