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