28 November 2018

British Business Bank announces new commitment with Funding Circle SME Income Fund Limited to increase UK small business lending

The transaction, under the Bank’s ENABLE Funding programme, is designed to accelerate lending to small businesses and is expected to support the growth of more than 2,000 UK firms.[1] The new facility will provide senior financing to a transaction with the Funding Circle SME Income Fund Limited (FCIF), a publicly traded fund that lends exclusively […]

27 November 2018

Blackpool-based business becomes recipient of the 30,000th Enterprise Finance Guarantee-backed facility as British Business Bank’s programme celebrates milestone

The 30,000th recipient is Blackpool-based business Euro Recycling Brokers Ltd, a waste management specialist which, since being established in 2015, has experienced rapid year-on-year growth. To help them realise their growth ambitions, the business needed a new funding partner to provide both the working capital and new funding to expand their workforce. Euro Recycling secured […]

22 November 2018

British Business Bank announces Haydock Finance as a new accredited partner for the Enterprise Finance Guarantee Asset Finance variant

This accreditation follows the provision of a £25m block discounting facility from British Business Investments, a commercial arm of the Bank, to Haydock Finance in 2016. This facility helped grow its asset finance division, providing hire-purchase, leasing and refinance for business assets to smaller businesses wanting to invest and grow. Jim McAuley, Director, Guarantee & […]