- Oxbury Bank, a UK-based challenger in the agriculture sector, secures a £100 million ENABLE Guarantee deal with the British Business Bank.
- Launched in February 2021 and headquartered in Chester, Oxbury Bank offers flexible lending and asset finance solutions tailored for farming businesses through its digital banking platform.
- In the last three years, Oxbury Bank has lent out £750 million and collected over £1 billion in deposits.
- The ENABLE transaction enhances protection for their existing lending portfolio, enabling them to provide approximately £45 million in additional lending to small and medium-sized agricultural businesses.
- Reinald de Monchy, Managing Director of Guarantee and Wholesale Solutions at the British Business Bank, highlights that this deal allows Oxbury to provide support to small businesses more rapidly.
- Oxbury Bank has raised over £120 million in investments since its launch and has plans for further capital-raising initiatives to sustain lending growth, including a £25 million Tier 2 capital facility from British Business Investments secured in August 2022.
