British Business Bank announces increased facility of up to £30m with Performance Finance Limited
Press release
The British Business Bank has agreed a facility increase with specialist professional lender Performance Finance Limited, taking its capacity to a maximum of £30m.
This builds on the first transaction the Bank completed with Performance Finance in April 2024 of £15m.
Based in Kettering, Northamptonshire in the East Midlands, Performance Finance offers finance leases, business loans, and hire purchase facilities for use by independent smaller business professionals, predominantly in the medical and legal sectors. This includes opticians, dentists, vets, doctors, solicitors, barristers and accountants.
The facility will boost Performance Finance’s development by allowing it to grow its lending while also passing on the benefit of cheaper funding and lower management costs to its customers.
The British Business Bank partners with the private sector to increase the supply and variety of debt finance so that more smaller businesses across the UK can start, grow and thrive.
This transaction is delivered under the Bank’s Investment Programme, which promotes competition and increased supply through new finance providers or products, and ultimately increases the provision of finance to viable but underserved businesses.
One way in which the Investment Programme achieves this is by investing on commercial terms in participating institutions’ senior, mezzanine, unitranche and subordinated debt instruments. It is open to all finance providers that lend, or intend to lend, to viable UK smaller businesses.
Michael Strevens, Managing Director, Structured Financial Institutions Solutions, British Business Bank, said:
This increased facility with Performance Finance Limited recognises the important role specialist lenders play in ensuring smaller businesses can access the right type of finance at the right time.
Performance Finance’s roots in professional services lending means it is well placed to support professional services businesses across the country. We enjoy working with a lender whose sector expertise make a meaningful difference to their customers.
Stuart Burn, Managing Director, Performance Finance, said:
We are delighted that the British Business Bank have increased their facility with us. They have been a great support to the growth of Performance Finance over many years and more importantly help provide UK Professionals with access to flexible competitive funding. Our relationship goes from strength to strength.
Further Information
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Notes to editors
About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
In 2025/261, the Bank supported UK smaller businesses to access £9.4bn of finance, made up of £1.3bn of public funding, £4.3bn of private capital crowded in by the Bank and £3.7bn of lending the Bank guaranteed. The funding benefited 38,000 UK businesses, including around 30,000 businesses the Bank had not previously helped to fund.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.
The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party of Performance Finance Limited or its products or services.
About Performance Finance Limited
Performance Finance is a leading provider of tailored financial solutions designed specifically for professional markets.
Combining deep industry expertise with cutting-edge digital efficiency, the company provides bespoke asset finance, equipment funding, and commercial loans structured to drive business success.
Defined by transparency, rapid credit decisions, and an uncompromised customer experience, Performance Finance holds a 5-star "Excellent" Trustpilot rating. The organisation maintains robust operational standards through annual Cyber Essentials renewal, Carbon Neutral certification, and full authorisation and regulation by the Financial Conduct Authority (FCA).
For more information, visit performancefinance.co.uk.
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