28/08/2021
UK SMEs to receive another £95 million funding boost as the British Business Bank increases the ENABLE funding facility.
Launched in 2014, the ENABLE funding programme supports the Bank’s objective to diversify finance markets for smaller UK businesses. Providers of finance to SMEs often lack the scale required to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner. The ENABLE Funding programme warehouses 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, also helping small finance providers to tap into institutional investors’ funds.
To establish if your business could be eligible for a loan backed by the British Business Bank contact us now and we will introduce you to our extensive network of approved lenders.
