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British Business Bank Reaches £5bn Lending Milestone

  • The British Business Bank reached a £5 billion lending milestone in 2025 through its ENABLE Guarantees and ENABLE Build programmes across the UK.
  • Since 2017, the structured guarantee schemes provided government-backed risk sharing to incentivise lenders to fund smaller and medium-sized businesses, especially in construction and housing.
  • ENABLE Build has facilitated £1.2 billion in loans to SME housebuilders, leading to the development of 5,866 new homes, while more than £3 billion has been allocated to regions beyond London and the South East, including approximately £500 million each directed to the North West and East Midlands.
  • Chancellor Rachel Reeves described the milestone as "our Plan for Change in action," emphasizing its role in boosting regional productivity and SME resilience, while managing director Michael Strevens highlighted its rewarding impact on lending and housing.
  • The milestone highlights ongoing support for smaller businesses, aiming to accelerate housebuilding and economic growth while the Bank plans to expand lending with greater pace and purpose.
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British Business Bank broke the news in on Tuesday, June 3, 2025.
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