British Business Bank agrees a second ENABLE Guarantee transaction with DF Capital
The British Business Bank has agreed a new ENABLE Guarantee transaction of up to £350m with specialist bank DF Capital. The transaction will support a portfolio of inventory finance through DF Capital’s commercial floorplan and unit stocking solutions, enabling smaller UK dealers to access working capital while supporting manufacturers through improved cash flow across the supply chain. Inventory finance plays a critical role in supporting SME supply chains across the UK, helping businesses to manage cashflow, maintain stock levels and respond to customer demand. This transaction builds upon the Bank’s existing relationship with DF Capital, following an initial ENABLE Guarantee of £175m agreed in January 2023 (subsequently increased to £250m in August 2023 and to £350m in July 2024), and a £20m Tier 2 capital facility provided in September 2023. From April 2023 to March 2026, the ENABLE Guarantee with DF Capital has supported over 1,000 smaller businesses through more than £1.9bn of lending, with an average of 85% delivered consistently to businesses outside London and the South-East. The […]