Shawbrook Bank Secures £75m with British Business Bank Backing

The British Business Bank has announced a £10 million subscription in Shawbrook Group PLC’s latest £75 million Tier 2 note issuance. This investment is part of Shawbrook's effort to raise capital needed to expand its services to small businesses in the UK. This latest funding follows a previous £30 million subscription to Shawbrook's Tier 2 note issuance in 2020 and a £150 million ENABLE Build transaction in 2024, marking a continued partnership since their first collaboration in 2015. The objective of such capital investments is to broaden the flow of funds available to smaller UK businesses, thereby stimulating economic growth and supporting UK small business finance diversity. Richard Bowen, of the British Business Bank, emphasized the partnership’s aim to support SME growth across the UK, highlighting the importance of sustainable financial support to smaller enterprises. Shawbrook's CEO praised the continued support from British Business Bank, which endorses their strategy to expand SME lending throughout the UK. The British Business Bank, a UK government economic development bank, fosters access to finance for smaller enterprises, driving sustainable economic growth through a diverse array of financial programmes.