Asset Management

Funding Circle reforms EU ties with €100m lending pact

Planned multimillion-euro funding programme with the European Investment Bank was put on ice following the 2016 Brexit vote

Funding Circle, Europe’s largest peer-to-peer lender, has reignited a multimillion-euro investment pact with the European Union that cooled in the aftermath of the 2016 Brexit vote.

The European Investment Bank, the non-profit lending institution, will provide Funding Circle with €100m to lend to small businesses in Germany and the Netherlands over the next two years. The deal was revealed in the UK-listed company’s first-quarter trading update.

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