First Enterprise: New Accredited Lender for Community ENABLE Funding
Deal News | May 15, 2025 | British Business Bank Investments Ltd
The British Business Bank has designated First Enterprise - Enterprise Loans as an accredited partner for its Community ENABLE Funding initiative in the Midlands. Starting May 2025, First Enterprise will dispense up to £13m in loans, particularly targeting smaller businesses in disadvantaged areas. This program aims to support businesses often declined by mainstream financial avenues, including those led by underrepresented groups such as females and ethnic minorities. It is also designed to bolster the Community Development Financial Institutions (CDFIs) sector, promoting socio-economic development across local communities. This substantial initiative is set to leverage up to £150m in funding over two years, enhancing the capital availability for smaller businesses.
Sectors
- Finance
- Social Impact
Geography
- United Kingdom – The initiative is taking place in the UK, specifically focusing on the Midlands region.
Industry
- Finance – The article discusses a funding initiative involving financial loans to smaller businesses in the Midlands.
- Social Impact – The initiative targets social impact sectors by improving accessibility to finance for underserved and underrepresented groups.
Financials
- £13m – The amount allocated to First Enterprise for lending to smaller businesses in the Midlands.
- £150m – The total funding aimed at supporting the lending over the next two years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank | Private Equity Firm | Company | A government-owned business development bank dedicated to making finance accessible to smaller UK businesses. |
| First Enterprise - Enterprise Loans | Target | Company | A lending organization accredited by the British Bank to deliver Community ENABLE Funding in the Midlands. |
| Lets Do Business | Other Accredited Lender | Company | Another accredited lender under the Community ENABLE Funding programme, focusing on the South East of England. |