British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank’s core programmes support over £12.4bn ^{Read footnote text 1} of finance to more than 90,000 smaller businesses ^{Read footnote text 2} .

As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.

The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4bn in finance to 1.67m businesses. These schemes are now closed to new applications.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. Wholly owned by HM government, the Bank and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found on the British Business Bank website.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party of Oxbury or its products or services.

About Oxbury

Oxbury is the UK’s first and only AgTech bank, sitting at the heart of the technology revolution sweeping British farming, and the only bank with a singular focus on the rural economy.

Oxbury was founded with a completely fresh vision for how a bank can support the UK’s critical farming and food ecosystem, addressing the finance gap created by traditional banks reducing critical working capital to farm businesses and removing specialist agriculture expertise.

With a proprietary fintech platform combined with decades of banking and farming experience, Oxbury offers clients more tailored, flexible and reliable finance, along with unique data solutions that helps farmers deliver improved sustainability, provenance and productivity across the farming and food supply chain.

British farming and food is going through a period of radical transformation, and farm businesses require more tailored finance, technology and data solutions to help them make the generational shifts required to improve sustainability, provenance and production standards across the farming and food supply chain.

Oxbury Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 834822).

For more information about Oxbury, visit: www.oxbury.com

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  Figures as at end March 2023

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  Figures as at end March 2023