Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.

The Assetz Capital platform is no longer open to investment from individual investors. No new investments into peer-to-peer loans are possible and, as a result, no new funds should be deposited. The existing loan book relating to the Retail platform is now in run-off and this will, over time, deliver the return of capital to investors. Full information can be found here . Existing Retail lenders can still log in, view information regarding their account and loan holdings and operate their account in accordance with the information regarding the run-off provided on the link above. Please see this important message regarding the currency of the information on the pages on this website.

Assetz Capital applies for £10 million BCR Pool E grant

Assetz Capital applies for £10 million BCR Pool E grant

Assetz Capital applies for £10 million BCR Pool E grant

Assetz Capital has applied for a Pool E Banking Competition Remedies (BCR) £10 million grant as it continues to scale its SME lending at pace.

The £1bn peer-to-peer marketplace lender has submitted an application for Pool E that consists of £100 million and is open to eligible bodies providing innovation financial services to UK SMEs. The £100m was given back to BCR by Metro Bank (£50m) and Nationwide (£50m) for redistribution to new challengers to the banking sector such as Assetz Capital. The money was returned after the paid of lenders cancelled their growth plans in the SME funding sector.

Assetz Capital is the second largest peer-to-peer business lender in Europe and offers commercial mortgages and development finance. In seven years since inception it has lent over £1 billion to UK SMEs, supporting more than 1,200 businesses and an estimated 100,000 jobs directly and indirectly. It funded 3,000 new homes in both 2018 and 2019 which equates to 1 in 100 of new home starts in England and around 1 in 10 of all SME-built housing for the two years.

Stuart Law, CEO at Assetz Capital said: "We've established ourselves to be a leading SME lender, serving the many underserved SMEs seeking loan funding. We have achieved that and are no ready to scale even further from the current high levels of activity. By December 2022 we're aiming to have lent a further £1 billion to SMEs, supporting around another 25,000 jobs and funding the development of at least 3,500 further new homes.

We have a market-leading lending capability - combining human and technology-based credit assessment, innovative loan application technology and regional relationship directors to meet customers. this BCR grant, combined with a further £10m matched contribution from ourselves, would enable us to build on these strong foundations and grow even faster, allowing us to provide even greater support for underserved UK SMEs."

- August 6, 2020

Back to News Stories