British Business Investments, a subsidiary of the British Business Bank, has granted Catfoss Finance a £15m finance facility. The transaction, structured as a block discounting agreement, is set to empower Catfoss in aiding smaller companies seeking accelerated growth through the acquisition of crucial assets.

Established in 2001 and headquartered in Driffield, East Yorkshire, Catfoss has been dedicated to serving the needs of small and medium-sized enterprises (SMEs) across the UK. Offering a range of funding solutions, the company enables UK businesses to fuel expansion by investing in new machinery or leveraging equity from owned properties.

This recent financial injection follows British Business Investments’ earlier provision of a similar £15m facility to Performance Finance, a provider of financial solutions catering to professionals such as dentists, solicitors, opticians, surgeons, and vets.

Since its inception in 2014, British Business Investments has played a pivotal role in channeling over £3.8bn towards companies supporting SMEs across the UK.