Reinald de Monchy

Jul 7, 2024 | ffnews.com | Lauren Hinton |Reinald de Monchy

Further details of the Growth Guarantee Scheme, the successor to the Recovery Loan Scheme, are published today. The Growth Guarantee Scheme is designed to support access to finance for UK smaller businesses as they look to invest and grow and is expected to support around 11,000 smaller businesses between 1 July 2024 and 31 March 2026. The British Business Bank has so far accredited 41 lenders for the Growth Guarantee Scheme.

May 21, 2024 | ffnews.com | Lauren Hinton |Reinald de Monchy

The British Business Bank today publishes the first performance data for the third iteration of its Recovery Loan Scheme. The third iteration of the Recovery Loan Scheme was launched in August 2022, supporting the British Business Bank’s ongoing commitment to promote sustainable, accessible funding for UK smaller businesses, enabling them to invest and grow.

Apr 3, 2024 | ffnews.com | Lauren Hinton |Reinald de Monchy |James Roberts

The British Business Bank has agreed a facility increase that will provide £29.4m of funding to smaller UK businesses, through an existing ENABLE Funding transaction with independent specialist finance provider, Time Finance. The additional funding brings the total small business funding available through the facility to £64.4m. This further supports Time Finance in growing its pipeline and its proportion of own-book origination, so that it can provide more asset finance to UK smaller businesses.

Dec 14, 2023 | ffnews.com | Lauren Hinton |Reinald de Monchy |Matt Davies

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range of business assets.

Sep 18, 2023 | ffnews.com | Katy Garnham |Ravi Anand |Reinald de Monchy

ThinCats, the leading alternative lender, has agreed a new warehouse facility with Citi and Barclays Bank PLC (“Barclays”) supported by a guarantee through the British Business Bank’s ENABLE Guarantee programme. This new facility supports lending of up to £696m for mid-sized smaller businesses in the UK, making it one of the largest, dedicated funding lines with a non-bank lender.