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British Business Bank: Announces £99.8m commitment to Shire Leasing

British Business Bank: Announces £99.8m commitment to Shire Leasing

  • British Business Bank is the UK government’s economic development bank. Established in November 2014
  • Shire Leasing Plc was founded by two cousins, John Worton and Martin Smith, in 1990
  • Announces a further £62.4m of financing to Shire Leasing under its ENABLE Funding program
  • Aims to improve the supply of finance solutions to smaller UK businesses for business-critical assets
  • The transaction follows on from the first round of funding of £37.4m in 2017 – bringing the overall amount of money
  • Alongside £6.6m of mezzanine funding provided in 2017 by British Business Investments, a commercial subsidiary of the Bank
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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