EIB and Funding Circle join forces
The European Investment Bank (EIB) has agreed a £100 million investment in loans to UK small businesses originated through Funding Circle.
The investment, alongside £25 million from the Funding Circle SME Income Fund, will enable over £200 million of new loans over seven years, and provides a further injection of funding into the UK’s small business sector.
This new partnership with Funding Circle represents the first deployment of EIB funding through a direct lending marketplace to support small businesses. Improving access to finance for small and medium sized businesses is a key priority for the European Investment Bank.