FOLK2FOLK is a peer-to-peer business lender (P2P) specialising in secured lending for rural businesses and SMEs. It matches businesses looking for finance with local individual and institutional investors who receive a fixed interest rate of between 4.5% and 9% p.a.[1] secured against UK land or property. Lenders receive the same interest rate that the Borrower pays, with FOLK2FOLK making its profit from an arrangement fee and annual renewal fee charged to Borrowers.[2]

IndustryFinancial technology, Peer-to-peer lending
FoundedApril 2013
HeadquartersLaunceston, Cornwall, UK
Key people
Roy Warren, Managing Director

Tim Sawyer, Executive Chairman

Louis Mathers, Director and Co-Founder
ProductsBusiness loan
Commercial and industrial loan

Formed in 2013,[3] FOLK2FOLK exists to help create and sustain financially and socially successful local communities, empowering local businesses requiring debt finance by matching them directly with investors through its Peer-to-Peer lending platform. FOLK2FOLK enables Lenders to participate in supporting local UK businesses to grow and thrive driving positive impacts in local communities, creating job opportunities and contributing to the UK economy.

FOLK2FOLK Lenders have funded loans in excess of £300m to UK business since 2013[4] making it the third largest P2P business lender in the UK, according to the BRISMO UK Marketplace Lending Index.[5]


FOLK2FOLK's Managing Director is Roy Warren, who was appointed in September 2019[6] having been the company's Head of Risk & Loan Portfolio for four years. FOLK2FOLK's chairman is Tim Sawyer CBE, CEO of Bank of Maldives and formerly Chief Investment Officer of Innovate UK[7][3] the investment arm of UK Government and a former CEO of Start Up UK.


FOLK2FOLK was founded in 2013 by two country solicitors in Cornwall[3] .


FOLK2FOLK is authorized and regulated by the Financial Conduct Authority[8][9]


FOLK2FOLK borrowers come from a variety of sectors including renewable energy, property development, agriculture, hospitality, leisure and tourism facilities and land and property acquisition.[10]

Loan Milestones

After its first year in business (April 2014), FOLK2FOLK had secured £22m in loans.[11]

By March 2015, FOLK2FOLK had introduced almost £50m of funding to borrowers predominantly in Cornwall and Devon.[12]

By November 2015, it had introduced over £75 million of funding from its lenders.[13]

In June 2016 the company had passed the £100m milestone of loans funded.[14]

In August 2016, it had secured £107m worth of loans.[15]

By August 2017 it had secured £176m in loans.

By October 2018 it had secured £250m in loans.[16]

In September 2019 FOLK2FOLK achieved £300m in loans[17]

Other Milestones

In October 2014, FOLK2FOLK chose Crediton as the location for its first agency outside of Cornwall.[18] The expansion has helped over 100 new homes to be built[18] and created new jobs.

In August 2015, the firm introduced funding to kick start a mixed-use development project that will help facilitate infrastructure for Cornwall's 6,000-seat sports stadium.[19]

In the same month, it announced the appointment of Stifel, a global wealth management and investment banking firm, as its financial adviser.[20]

In January, 2016, the company announced the creation of a ‘legal panel’ to support its national roll-out strategy.[21] This national network of local law firms carries out the legal work necessary to complete loans in their locality and provides FOLK2FOLK with local knowledge as part of the security process.

In February 2016, it looked to place shares in the value of £3.5m. The offer consisted of £1.5m in new shares and £2m in shares offered by the founders.[22]

According to Altfi Data: “FOLK2FOLK has seen year-on-year growth of 433% from August 2015 which compares favorably to the 60% growth of UK P2P (peer-to-peer) business lenders over the same time frame.”[10]

In August 2016, FOLK2FOLK moved into their new national headquarters at Number One, Launceston.[23]

In August 2016, FOLK2FOLK pledged support to the Save the High Street campaign.[24]

In January 2018, FOLK2FOLK launched The Local Lending Movement and FOLKONOMICS.[25]

In September 2019, appointed Roy Warren as Managing Director.[6]


In 2015, FOLK2FOLK was named Best Lending Platform for Small Businesses by news site, AltFi[26]. An independent panel of industry experts and SMEs at the AltFi Awards 2015 said FOLK2FOLK had “excellent fundamentals, strong values, good customer engagement and clear transparency of fees”. The judges of also highlighted that FOLK2FOLK's high street offices, which provide an opportunity for face-to-face meetings, was a “key advantage” for its customers, adding: “this kind of access cannot be underestimated or undervalued”.

In 2017 FOLK2FOLK was named Small Business of the Year by Western Morning News in its Business Awards[27]

In 2018 FOLK2FOLK was announced 'Alternative Finance Provider of the Year' at the Dealmakers awards[28]

How it Works

FOLK2FOLK introduces people and institutions with at least £20,000 to invest to businesses looking for finance of at least £50,000. The company requires loans to be secured by land or property owned by the borrower but not the borrower’s home.[10] Lenders are high net worth individuals often located in the same county as the borrower.[13]

It aims to enable businesses to access finance in weeks not months.[3]

This model of allowing people in business to access interest-only funds (and an opportunity for people to lend within their local area) is said to have helped mobilise money in the countryside and re-energized many small businesses that would have otherwise lacked the necessary investment to develop.[21]

According to one lender, it’s a “virtually guaranteed, very low risk lending proposition with a superb rate of return which can’t be beaten by any deposit account”.[29] For borrowers, the interest rates will be the same or slightly higher than from a bank, but, according to one borrower, the speed, flexibility and interest-only repayment make up for it.[29]


FOLK2FOLK promotes itself as a hyper-local lender based on “traditional values” and a simple, “back-to-basics” way of funding local people and businesses. The company has supported local businesses and injected millions of pounds through investments.[29] FOLK2FOLK reports that approximately 75% of investors are repeat lenders.[10]


  1. "Investing | Folk2Folk". Retrieved 2017-10-14.
  2. "Loans | Folk2Folk". Retrieved 2017-10-14.
  3. Eyriey, Nick (2013-04-08). "Peer-to-peer lending company launched in Launceston | Business Cornwall". Retrieved 2016-09-07.
  4. suzie10 (2019-09-02). "Folk2Folk loanbook hits £300m". Peer2Peer Finance News. Retrieved 2019-12-12.
  5. "BRISMO UK Marketplace Lending Index". BRISMO.
  6. Alois, J. D. (2019-09-27). "Local Focused P2P Lender Folk2Folk Appoints New Managing Director". Crowdfund Insider. Retrieved 2019-12-12.
  7. "Tim Sawyer CBE - GOV.UK". Retrieved 2018-10-24.
  8. "FCA Publication" (PDF).
  9. "FCA Interim Permission Consumer Credit Register". Retrieved February 25, 2017.
  10. "Award Winning P2P Lender Folk2Folk Doubles Business in 2015. Targets National Expansion for 2016". Crowdfund Insider. 2015-12-18. Retrieved 2016-09-07.
  11. "Cornish peer-to-peer lender facilitates £22m loans in just 12 months". 2014-03-20. Archived from the original on 2014-04-06. Retrieved 2016-09-07.
  12. "Peer-to-peer lender Folk2Folk injects £8.3m into South West economy since January". 2015-03-24. Archived from the original on 2015-06-19. Retrieved 2016-09-07.
  13. Archived from the original on 2015-11-17. Missing or empty |title= (help)
  14. "Folk2Folk appoints CMO and four BDMs". 15 June 2017. External link in |website= (help)
  15. "Folk2Folk: Local, secured peer to peer lending". Retrieved 2016-09-07.
  16. Evershed, Tim (2018-10-16). "Folk2Folk reaches £250m lending landmark". Peer2Peer Finance News. Retrieved 2019-12-12.
  17. Neuwirth, Suzie (2nd September 2019). "Folk2Folk loanbook hits £300m". Peer2Peer Finance News. Check date values in: |date= (help)
  18. "Peer-to-business lending firm opens first Devon agency as part of growth plan". 2014-10-07. Retrieved 2016-09-07.
  19. "Peer-to-peer lender Folk2Folk introduces funding to kick start Cornwall Stadium project". 2015-08-24. Archived from the original on 2015-08-26. Retrieved 2016-09-07.
  20. "Cornish Platform Appoints Financial Advisor - AltFi News". Retrieved 2016-09-07.
  21. "Folk2Folk Launches Legal Panel to Support National Expansion". Crowdfund Insider. 2016-01-25. Retrieved 2016-09-07.
  22. "Folk2Folk to Raise 1.5M to Aid National Expansion". 2016-02-16. Retrieved 2016-09-07.
  23. "Brief: Folk2Folk P2P Lender Opens New National Office to Accommodate Expanding Business". Crowdfund Insider. 2016-07-28. Retrieved 2016-09-07.
  24. Eyriey, Nick (2016-08-10). "Folk2Folk backing Save the High Street campaign | Business Cornwall". Retrieved 2016-09-07.
  25. "Folk2Folk launches local lending movement". Retrieved 2018-10-24.
  26. "Peer-to-peer lender Folk2Folk awarded Best Lending Platform for Small Businesses by AltFi | Western Morning News". 2015-11-17. Retrieved 2019-12-12.
  27. Finch, Hannah (2017-11-17). "Western Morning News Business Awards: The best Westcountry businesses revealed". devonlive. Retrieved 2018-01-10.
  28. Ltd, Insider Media. "Insider South West Dealmakers Awards 2018". Insider Media Ltd. Retrieved 2018-10-24.
  29. Folk2FolkUK (2013-04-23), Peer-to-Peer lending company Folk2Folk on BBC Spotlight in Cornwall and Devon, retrieved 2016-09-07
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