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
