British Business Investments commits an additional £15m to Compass Business Finance

British Business Investments, a commercial arm of British Business Bank, today announces a further commitment of £15 million to Compass Business Finance, bringing our total commitment to £30 million.

This additional investment will further increase the flow of funding from asset finance products to UK-based small businesses operating in the printing, packaging and manufacturing sectors.

It will also provide this specialty lender with additional financing for small and medium-sized businesses requiring critical equipment financing over the next three to five years and contribute to Compass Business Finance’s own growth trajectory while supporting underserved businesses. as they recover from Covid-19. pandemic.

Judith Hartley, CEO of British Business Investments, said: “British Business Investments continues to support independent operators in the asset finance industry. This increased commitment to Compass Business Finance Ltd is helping to diversify the financial market and provide more choice for UK businesses. We look forward to continuing to work with Compass Business Finance Ltd over the next five years to help these UK businesses get the finance they need.

Mark Nelson, Director of Compass Business Finance, said: “British Business Investments’ increased commitment will allow us to further support demand for finance in our core markets. It is encouraging to see companies seeking funding for investment and growth, and continuing to provide financial support in a simple and straightforward way. »