ENABLE Programme launched
We have launched a new programme, ENABLE, aimed at improving the provision of asset and lease finance to smaller UK businesses.
Asset finance is an important source of finance for smaller businesses, but providers of such finance often lack the scale to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner.
Funded by the Department for Business, Innovation and Skills and run by the British Business Bank, ENABLE will ‘warehouse’ newly-originated asset finance receivables from different originators – bringing them together into a new structure. Once the structure is big enough, it will seek to refinance a portion of its funding through securitisation techniques, thereby enabling smaller finance providers to tap institutional investors’ funds.
If you provide asset or lease finance to smaller businesses and want to find out more, or express an interest in participating in ENABLE, please download our Request for Proposals.