£51 Million Funding to Support Asset Finance in Small Firms

Posted on Tuesday 7th June, 2016 by

The British Business Bank, as part of its ENABLE Funding programme, is to invest up to £51 million in its partnership with independent loan provider Henry Howard Finance.

The investment, which is 50% guaranteed by the European Investment Fund, will allow Henry Howard to extend the availability of asset finance to more small and medium-sized firms.

The ENABLE Funding programme improves the provision of asset and lease finance to firms by funding smaller bank and non-bank providers of asset finance, which are often unable to access cost-effective funding from the capital markets.

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