British Business Bank Strengthens Shawbrook's Lending Power with £150m Guarantee

The British Business Bank has entered into a significant ENABLE Build transaction with Shawbrook Bank, furnishing a guarantee facility valued up to £150 million. This strategic partnership aims to enhance the development finance provided by Shawbrook to smaller housebuilders across the UK. Shawbrook, a specialist bank known for its bespoke lending solutions, has notably surpassed £2 billion in lending to UK property developers, which facilitated the construction of over 8,000 new homes. The current transaction is anticipated to bolster further £300 million worth of finance, consequently stimulating the creation of new homes throughout England and Wales. Shawbrook joins as the third delivery partner under the ENABLE Build programme, which the UK government expanded to £2 billion in the 2024 Autumn Budget to bolster the housing sector. This initiative is part of the government's broader strategy to stimulate economic growth by enhancing the housing market and addressing the ongoing housing deficit. Michael Strevens, Head of Structured Guarantees at the British Business Bank, underlines the importance of this transaction in providing crucial support for smaller housebuilders, enhancing their capacity to contribute to closing the housing gap across the UK.