ENABLE Guarantee Renewal

Distribution Finance Capital Holdings plc (AIM: DFCH), a specialist bank providing financial solutions that support manufacturers, dealers and distributors across the UK, provides an update in relation to its participation in the ENABLE Guarantee programme.

As the current guarantee arrangement transitions into its run-off phase, having been in place for the prior three years, the Group has entered into a new ENABLE Guarantee facility with the British Business Bank on facility terms more closely aligned to its lending strategy, allowing it to support more SME lending to its manufacturer, dealer and distributor customers over the term of the programme with a pool size of up to £350m of loans. Commercial terms remain unchanged.

Carl D'Ammassa, Chief Executive Officer, commented: "This successor ENABLE Guarantee with the British Business Bank is a critical ingredient that supports the expansion of our lending capacity through 2028 and in line with our strategic plan. Built on our track record and experience of our previous arrangements, this latest iteration has been specifically structured to better align with our specialist lending model, strengthening our ability to provide finance to UK SMEs. It reinforces a key pillar of our capital strategy, enabling us to continue to deliver our ambitious plans whilst helping more businesses access the funding they need to support their growth."