Oxbury: British Business Bank Extends ENABLE Guarantee to £300m for Agricultural Lending
Funding | Feb 18, 2025 | British Business Bank Investments Ltd
The British Business Bank has expanded its ENABLE Guarantee program with Oxbury Bank, a specialized UK bank focused on agricultural lending, by £100 million, making the total transaction £300 million. This increase will enhance Oxbury's lending capacity by £150 million, providing further capital to the agricultural sector while promoting sustainability through lending incentives. Since its launch in 2021, Oxbury has gained a significant presence with over £1.1 billion in loans and £2.3 billion in deposits. The bank, supported by AgTech investors, aims to continue its growth trajectory through 2025.
Sectors
- Banking
- Agriculture
- Fintech
Geography
- United Kingdom – Both British Business Bank and Oxbury Bank are based in the UK, and the financial activity discussed is aimed at supporting the UK agricultural sector.
Industry
- Banking – This sector is relevant as the article involves financial transactions and lending activities by Oxbury Bank, a UK bank.
- Agriculture – Oxbury Bank focuses on lending within the agricultural sector, aiming to support farmers, food production, and the rural economy.
- Fintech – Oxbury Bank employs a proprietary digital banking platform, reflecting its involvement in financial technology.
Financials
- £300m – Total amount of the ENABLE Guarantee transaction between British Business Bank and Oxbury Bank, which includes a £100m increase.
- £150m – Additional lending capacity provided to Oxbury Bank for the agricultural sector as a result of the ENABLE Guarantee increase.
- £1.1bn – Total drawn lending by Oxbury Bank since its launch.
- £2.3bn – Savings deposits accumulated by Oxbury Bank from farm businesses and consumers.
- £162m – Total funds raised by Oxbury Bank from institutional agriculture and AgTech investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank Investments Ltd. | PE Firm | Company | A state-owned development bank that aims to increase the supply of credit to small and mid-sized enterprises in the UK. |
| Oxbury Bank | Target Company | Company | A UK bank focused on providing lending solutions primarily to the agricultural sector, using a digital banking platform. |
| Michael Strevens | Managing Director, Structured FI Solutions | Person | An executive at the British Business Bank involved in the ENABLE Guarantee transaction with Oxbury Bank. |