stuart law

Assetz Capital secures £15m of BBI funding for UK housebuilding

Assetz Capital has received £15m of funding from British Business Investments (BBI).

The funding will be used for development finance loans and SME commercial mortgages originated by the P2P marketplace platform.

It is claimed that the investment will support in excess of £100m of new lending to SMEs and housing developers.

Stuart Law, CEO at Assetz Capital (pictured above), said: "The support of British Business Investments is a further milestone in this mission, and we are grateful for its new backing towards our continuing commitment to addressing the housing crisis and SME funding gap. 

“It’s a testament to the impact that can be delivered by Assetz Capital and a welcome addition to our growing stream of institutional funding sources, including other banks and investment funds.”

Catherine Lewis La Torre, CEO at British Business Investments, commented: “By providing finance to smaller housebuilders, we’re able to help them to fulfil their growth plans and increase the country’s new housing stock.”

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