This follows a previous £30m subscription in 2020.
The bank’s tier two capital note investments aim to help recipient banks grow, increasing the supply and availability of finance to UK smaller businesses.
The capital raised will enable Shawbrook to continue to support the growth of its chosen, specialist small business markets.
- B&C Awards 2025: The Video
- British Business Bank commits up to £50m to Elbow Beach's Climate Impact Fund 2
- Oxbury Bank secures additional £100m from British Business Bank to support agricultural sector
Richard Bowen, managing director of direct financial institution solutions at British Business Bank, commented: “This £10m investment is our third tier two investment in Shawbrook Bank and follows a £150m ENABLE Build transaction in 2024, extending a successful partnership since our first investment in 2015.
“I am delighted to continue our work together to support diversity within the small business finance markets, helping fuel the growth of smaller businesses across the UK.”
Dylan Minto, CFO at Shawbrook Bank, commented: “We are pleased to have successfully completed the issuance of £75m tier two capital, strengthening our capital base to support our growth and strategic ambitions.
“We value the continued support from British Business Bank, with their long-term participation serving as a strong endorsement of our strategy and providing the capital foundation to further grow our SME lending, supporting businesses across the UK.”
Leave a comment