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ENABLE Guarantee programme with Barclays

Flexible Asset Finance solutions that can be tailored to your specific business needs with the addition of a cashback payment.

Is it right for you?

Our range of products can help you fund the new equipment or vehicles needed, with the additional support of a cashback payment for eligible businesses.

This scheme is designed to support UK based small and medium-sized businesses. To be eligible, your business must have 250 employees or less, and turnover of less than €50m.1

  • We provide a flexible way to finance assets via a range of lease and hire purchase options
  • We can offer products that optimise your cashflow and may require no deposit or additional security
  • We have a team of Asset Finance specialists who help review your business needs and offer you the right solution.

How it supports your business

  • Allows you to finance capital expenditure by securing against the specific asset involved
  • Provides a cash payment back to your business upon drawdown
  • Payments can be matched to the revenues generated by the asset
  • Offers a choice of fixed interest rates or floating interest rates tracking Bank of England Bank Rate to help you manage your cashflow.

If this product isn’t right for you, try the related products below.

What is the ENABLE Guarantee programme?

The ENABLE Guarantee programme is designed to encourage additional lending to smaller businesses. It is managed by the British Business Bank, the UK’s national economic development bank, which is wholly owned by HM Government.
 
The ENABLE Guarantee transaction between Barclays and the British Business Bank allows us to provide increased access to finance. As a result, we are able to provide a cashback of 0.25% of balance to finance to all eligible UK businesses who take up Asset Finance leases within a specified period.

For more information about the ENABLE Guarantee programme, please visit:
 

Cashback features and benefits

  • Key eligibility criteria: 250 employees or less, and turnover of less than €50m1
  • Cashback value is 0.25% of balance to finance
  • Funding limit of £1.2m (volume) per customer
  • The amount awarded will be dependent upon the terms of your deal and will be paid at drawdown
  • Available for funding with terms up to 7 years
  • Available for Lease and Lease Purchase Products
  • Assets must be for business use only.

Important information

  • The ENABLE Guarantee programme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy
  • The guarantee is provided to Barclays not to you. You remain responsible for repayment of 100% of the outstanding facility at all times
  • For fixed rate loans, if you decide to repay early or cancel the fixed interest rate, you may have to pay breakage costs
  • The products referred to in this webpage are subject to separate terms and conditions
  • The provision of this scheme should not be construed as an endorsement or warranty of Barclays by the government of the United Kingdom, including the Secretary of State
  • British Business Bank is not authorised or regulated by the Prudential Regulation Authority or Financial Conduct Authority. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such.

1European Commission definition of an SME.

Talk to us

Find out more about ENABLE Guarantee programme with Barclays by talking to your Relationship Director or Asset Finance Product Specialist.

New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on:

0800 015 4242*

Alternatively we can call you back or you can email us with your query.

Related products

Asset Finance

Finance to help you fund new equipment or vehicles, enabling you to maximise performance or growth.

Enterprise Finance Guarantee Scheme

Access funding with this UK Government guaranteed loan scheme.

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *