Bibby Financial Services agrees £700m facility to improve access to finance for UK SMEs

 International financier agrees three-year facility with consortium of funders 

Transaction maintains Bibby Financial Services’ total capacity of more than £1bn 

Announcement comes amid closure of govt. call for evidence on SME access to finance 

  

International SME financier, Bibby Financial Services (BFS), has renewed its securitisation arrangement for three years, boosting its funding capacity to improve access to finance for UK businesses.   

The refinance deal has been agreed with lenders including Lloyds, HSBC UK Bank PLC, Bayern LB and with participation of funds under the management of Insight Investment. 

Theo Chatha, Chief Financial Officer of Bibby Financial Services said: “Amid a combination of stubborn inflation, energy prices and tariffs friction, the cost-of-doing-business remains a real concern for SMEs across the country. This agreement provides BFS with significant capacity to help UK businesses access the cashflow they need to overcome these challenges, enabling them to grow and thrive.” 

Michael Hodgson, Managing Director, Head of Corporate, Securitised Products Group at Lloyds, said: “Bibby Financial Services is a long-standing client and we are proud to have supported the business since the securitisation was established a decade ago. Our continued backing, through this new three-year refinancing of the company’s core funding facility, is testament to Lloyds’ commitment to providing securitised funding to the SME sector.” 

The transaction comes amid the Department for Business and Trade’s call for evidence on small business access to finance, which was launched in March and closed on May 8. 

Theo Chatha, Chief Financial Officer of Bibby Financial Services added: “SMEs play a vital role in driving economic growth, and more than ever, these businesses need access to flexible working capital solutions to manage day-to-day expenditure, and to plan for growth. This transaction provides us with significant headroom to support new and existing customers in 2025 and beyond.”