The British Business Bank opened its ENABLE Guarantee programme to all banks that lend to smaller UK businesses following completion of its first ENABLE Guarantee transaction.
The first transaction, with Clydesdale and Yorkshire Banks, will support £125m of new lending to smaller businesses, with at least £50m will go to products and industry segments the bank have not previously covered. The ENABLE Guarantees programme encourages participating banks to lend more to smaller businesses by reducing the capital they need to hold…
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