Swift Caravans sign 30million financing deal

Wednesday, 14, Jul 2010 12:00

GE Capital has announced a £300 million agreement to provide Swift Caravans with a distribution finance facility.

The additional funding will guarantee the UK's leading manufacturer of recreational vehicles, payment of shipped motorhomes and caravans delivered to their network of dealerships and enable them to focus on product design, manufacturing and sales.

Swift's existing $200 million funding arrangement with the finance specialist has seen it produce more than 10,000 caravans, motor homes and static homes over the last three years.

The Commercial Director of Swift Group, Nick Page says that "Providing adequate stock funding to our dealer networks is a vital cog in the retail chain, enabling dealers to display and therefore sell more of our products."