British Business Bank Boosts Marine Finance with £20m Facility
Deal News | Apr 09, 2025 | British Business Bank Investments Ltd
The British Business Bank has announced a structured finance facility amounting to £20 million with BFS Marine Finance. This collaboration aims at enhancing the availability of finance for smaller businesses within the commercial marine sector. The facility will enable BFS Marine Finance to offer secured financing solutions for the acquisition or refurbishment of diverse marine assets. These assets include coastal ships, workboats, service craft, and passenger ferries. The initiative is designed to help smaller marine businesses update their fleet and adopt more energy-efficient technologies, such as sustainable fuels or hybrid power. This strategic collaboration underscores the bank's commitment to supporting economic growth and sustainability in the marine industry.
Sectors
- Financial Services
- Marine Transportation
- Renewable Energy
Geography
- United Kingdom – The British Business Bank and BFS Marine Finance are based in the UK, and the facility targets marine assets operating in UK and European waters.
- Europe – The finance facility includes marine assets trading in European waters, indicating an operational geography.
Industry
- Financial Services – The article discusses a financial arrangement and facility provided by British Business Bank to BFS Marine Finance.
- Marine Transportation – The facility is intended to finance the acquisition and refurbishment of marine assets, significant for businesses within the marine transportation industry.
- Renewable Energy – The initiative contributes to improving energy efficiency through the adoption of sustainable fuels or conversions to battery or hybrid power.
Financials
- £20 million – The total amount of the structured finance facility provided by the British Business Bank to BFS Marine Finance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank | PE Firm | Company | A UK government-owned development bank aimed at improving finance markets for small businesses. |
| BFS Marine Finance | Beneficiary Company | Company | A finance provider specializing in marine sector financings, focusing on the acquisition and refurbishment of marine vessels. |
| Jonathan Marriott | Senior Director, Structured Financial Institutions Solutions | Person | Senior Director at the British Business Bank involved with this finance facility. |