British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a £25m commitment to asset finance specialist, Haydock Finance.
The three-year funding commitment is structured as a block discounting facility and will help the specialist lender to continue growing its asset finance division.
Haydock suggested the funding will help it to provide hire-purchase, leasing and refinance for business assets to smaller businesses wanting to invest and grow.
The Blackburn based firm specialises in financing physical assets and has also extended to multiple asset refinancing and finance provision for new and used assets in a variety of traditional and specialist markets.
The £25m commitment has been provided through BBI’s Investment Programme, which has made £293m of asset and invoice finance commitments since launching in 2013.
“Our ongoing relationship with Haydock demonstrates BBI’s continued commitment to increasing the diversity of supply of business finance to support smaller businesses across the UK,” commented BBI CEO, Judith Hartley.
“Supporting specialist lenders such as Haydock helps diversify the finance market and contributes to more choices for UK smaller businesses when they look to acquire business critical equipment using asset finance.”
Haydock sales director, Andy Taylor, added: “We are delighted to continue our strong relationship with the British Business Bank. The commitment from them will help to underpin our plans for growth in 2021. We are very happy with the facility which will help Haydock continue to support the British SME community with their investment plans in plant, vehicles and equipment.”
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories