Cambridge & Counties Bank receives £20 million in Tier 2 capital from British Business Investments to boost SME lending.
Facts
- British Business Investments, a subsidiary of British Business Bank, provides £20 million in capital to Cambridge & Counties Bank.
- British Business Investments has committed over £3.3 billion to small business finance providers since its establishment in 2014.
- Cambridge & Counties Bank plans to increase lending to small businesses with the new facility.
- Andrea Hodgson, CFO of Cambridge & Counties Bank, mentions the bank’s successful loan book growth and its partnership with the British Business Bank.
- Cambridge & Counties Bank is jointly owned by Trinity Hall and the Cambridgeshire Local Government Pension Fund and regulated by the PRA and FCA.
