Barclays has launched of a new cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450m ENABLE guarantee from the British Business Bank, this scheme is the largest of its kind to launch in the UK. 

The British Business Bank’s ENABLE Guarantee programme helps banks to increase their lending to smaller businesses by reducing the amount of capital required to be held against such lending[1]. 

One of the key benefits of the ENABLE programme for customers is that Barclays will offer qualifying SMEs cashback on eligible lending, with the intention of supporting SME growth in the UK.