British Business Bank agrees new £37.4m ENABLE Funding facility with Shire Leasing to boost asset finance for smaller businesses.

2. We have good news!
Shire has secured new funding of
£37.4m from The British Business
Bank ENABLE Funding
programme. In addition, British
Business Investments, the
commercial arm of the Bank, is
providing funding of £6.6m under
its Investment Programme.

3. This means that Shire
is able to offer
innovative and
competitive funding
solutions to support
your business needs
and help you acquire
business critical assets
so your business can
grow and prosper.

4. The British Business Bank is a Government owned
economic development bank which aims to increase
the supply of finance to SMEs. It aims to increase
the supply of finance available to smaller businesses
and to create a more diverse financial market.
British Business Bank and British Business
Investments are not banks, and do not operate as
such. Neither entity is authorised or regulated by the
Prudential Regulation Authority (PRA) or the
Financial Conduct Authority (FCA).

5. ENABLE Funding is a programme that helps support
funders dealing with smaller businesses in the UK.
The programme looks at encouraging additional
lending to SMEs by improving the provision of asset
and lease finance that is available. ENABLE funding
gives funders access to competitive rates in the
capital markets, thus allowing funders like Shire to
provide more finance to SMEs, giving smaller
businesses more and better opportunities.

6. The new facilities will allow Shire to both grow and
diversify its funding base. The transaction follows on
from the £40m block line funding provided by the
British Business Bank’s commercial arm in late
2014.
We now have greater capability to look at each
business’s needs individually and offer more
competitive rates.
With over £100m to support British SMEs, Shire
Leasing will always do our best to support your
business.

7. For more information:
Phone: 01827 689 39
Email: info@shireleasing.co.uk
Visit: www.shireleasing.co.uk