A St Austell business offering laser hair removal services is the latest company to receive funding from the Cornwall and Isles of Scilly Investment Fund (CIOSIF).
Cornwall Laser Clinic has received a £58k loan made up of £50,750 from CIOSIF and £7,250 from SWIG Finance, which works with The FSE Group, the appointed CIOSIF fund manager, on delivering smaller business loans. The investment was further boosted with an additional £15k from Fredericks Foundation.
The funding will be used to purchase the laser hair removal technology, making Cornwall Laser Clinic among just a few in the region offering the state-of-the-art Alma Soprano Titanium system.
Founder Anne Cooper said: “We believe we are currently the only clinic in the region to focus exclusively on this service and one of only two to use the latest Alma Soprano Titanium technology.
“There is clear demand for this provision in a central Cornwall location, but securing early-stage funding can be difficult when you have no track-record. We are grateful to The FSE Group and SWIG for recognising the market potential and look forward to working with them further as our business progresses.”