Let's Do Business Finance: New Lending Opportunity in the South East for SMEs
Deal News | May 15, 2025 | British Business Bank Investments Ltd
The British Business Bank has appointed Let's Do Business Finance as an accredited delivery partner for the Community ENABLE Funding (CEF) initiative in the South East of England. This program aims to provide up to £6 million to underserved smaller businesses over the next two years, supporting firms that face challenges in securing funding from mainstream lenders. Let's Do Business Finance, working alongside other Community Development Financial Institutions (CDFIs), will focus on businesses in disadvantaged areas and those led by underrepresented groups, including female and ethnic minority-led enterprises. Through this partnership, the initiative seeks to support the growth of smaller businesses by offering fair and affordable finance while reinvesting surpluses to facilitate economic growth and job creation in local communities.
Sectors
- Finance and Investment
- Community Development
Geography
- United Kingdom – The British Business Bank is a UK government-owned financial institution involved in this programme.
- South East of England – Let's Do Business Finance is set to provide business finance specifically in this region as part of the CEF initiative.
Industry
- Finance and Investment – The industry is relevant due to the involvement of Community Development Financial Institutions (CDFIs) and the provision of business finance to smaller enterprises.
- Community Development – The initiative supports economic development in disadvantaged areas, directly relating to the community development sector.
Financials
- 6 million – The amount allocated to Let's Do Business Finance for lending to smaller businesses in the South East of England.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank Investments Ltd | PE Firm | Company | A UK government-owned development bank providing financial schemes across the UK. |
| Let's Do Business Finance | Accredited Lender | Company | A financial institution serving smaller businesses with business loans, especially those underserved by traditional lenders. |
| First Enterprise | Accredited Lender | Company | A financial institution based in the Midlands that also received CEF accreditation. |