Asset finance ENABLE Guarantee Scheme

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

Solutions to your objectives

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 fewer than 250 employees, 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 can the ENABLE guarantee scheme support 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.

What is the ENABLE guarantee scheme?

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% up to £1,200,000 of the balance to finance to all eligible UK businesses that take up Asset Finance leases within a specified period.

For more information about the ENABLE Guarantee programme, please visit: British Business Bank^.

Cashback features and benefits
  • Key eligibility criteria: fewer than 250 employees, and turnover of less than €50m1
  • Cashback value is 0.25% of balance to finance
  • Funding limit of £1.2m (volume) per customer
  • Available for funding with terms up to seven 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.

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British Business Bank

British Business Bank

A government-owned business development bank dedicated to making finance markets work better for smaller businesses.