Wholesale solutions – our ENABLE Programmes

We support lenders such as banks and non-bank financial institutions unlock more lending to smaller businesses.

We are open to working with all lenders, subject to our eligibility criteria, and can structure solutions for a wide range of lending products.

ENABLE Guarantees

The ENABLE Guarantee programme is designed to encourage additional lending to smaller businesses.

Participating banks are incentivised by a government-backed portfolio guarantee to cover a portion of a designated lending portfolio’s net credit losses in excess of an agreed ‘first loss’ threshold, which they receive in exchange for a fee.

The ENABLE Guarantee programme is open to all UK banks and UK branches of foreign banks which lend, or intend to lend, to viable small and medium-sized enterprises operating in the UK. To find out more and express an interest in participating in a transaction please download our Request for Proposals.

ENABLE Funding

In November 2014 we launched a new programme, ENABLE Funding, aimed at improving the provision of asset and lease finance to smaller UK businesses.

Providers of finance to smaller businesses often lack the scale required to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner.

ENABLE Funding will warehouse newly-originated finance receivables from different originators – bringing them together into a new structure.

Once the structure has sufficient scale, it will refinance a portion of its funding on the capital markets. This means the British Business Bank can help small finance providers to tap institutional investors’ funds. If you provide asset or lease finance to smaller businesses or if you are a peer to peer lender that facilitates the provision of finance to smaller businesses and want to find out more, or express an interest in participating in ENABLE Funding, please download our Request for Proposals (updated 21 November 2016).

If you are a lender to smaller businesses and would like to find out more, please contact the British Business Bank wholesale team.

contact the team

ENABLE Guarantees performance

  • In November 2017 the British Business Bank provided an ENABLE Guarantee to United Trust Bank (UTB). This was the first time we have used the ENABLE Guarantee specifically for the housebuilding sector. The transaction is expected to enable UTB and the British Business Bank to support the building of new housing with a value of over £500m over the lifetime of the guarantee.
  • In March 2015, the British Business Bank announced a £125 million pilot transaction with Clydesdale and Yorkshire Bank. It is currently in conversations with a number of other banks regarding further transactions.

ENABLE Funding performance

  • British Business Bank has to date entered into seven transactions under its ENABLE Funding programme (as at end June 2018) and has committed more than £344m to smaller finance providers.
  • Since the first transaction in September 2015, the ENABLE Funding programme has supported lending to over 17,000 businesses (as at end March 2018).
  • In November 2016 we updated our ENABLE Funding Request for Proposals in order to open up the programme to peer-to-peer lenders that facilitate the provision of finance to smaller businesses.

The business finance guide - English version - guide to finance options The business finance guide - Welsh version - guide to finance options
The English and Welsh language editions of the Business Finance Guide are downloadable from the Guide’s dedicated website. This resource also contains videos and additional content about finance options, including equity finance.