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.

The first transaction of the ENABLE Guarantee programme was completed with Clydesdale and Yorkshire Banks in March 2015.

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.

There have been three transactions to date in our ENABLE Funding programme, which has now committed a total of £202 million to smaller asset finance providers. These are with Henry Howard (a £51m facility) with LDF (also £51m) and Hitachi Capital UK (£100m). The terms of ENABLE Funding were updated in November 2016 to allow peer-to-peer lenders also to apply to the programme.

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 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

  • The British Business Bank has (as at end November 2016) entered into three transactions under its ENABLE Funding programme, and have committed a total of £202m to smaller finance providers. These are with Henry Howard (a £51m facility), LDF (also £51m) and Hitachi Capital UK (£100m).
  • Since the first transaction in September 2015, the ENABLE Funding programme has supported lending to over 4,757 enterprises (as at end December 2016).
  • In November the British Business Bank 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.