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.

At Spring Statement 2019, the Chancellor of the Exchequer announced that ENABLE Build, a new variant of the programme, would be launched in April 2019 to make available up to £1bn of guarantee support for smaller housebuilder finance. The British Business Bank will work with Homes England to deliver the new programme.

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

  • British Business Bank has committed guarantees for live portfolios of over £800m under its ENABLE Guarantee programme (as at end October 2018).
  • In October 2018, the British Business Bank provided an ENABLE Guarantee to Hampshire Trust Bank (HTB). This is the second time the ENABLE Guarantee has been targeted at boosting the SME housebuilding sector and is expected to support the building of new housing to a value of over £500m.
  • Since November 2017, we have announced three other ENABLE Guarantees with Barclays Bank, Cambridge & Counties Bank and United Trust Bank.

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.