Designation for the Bank Referral Scheme

RNS Number : 4700S

GLI Finance Limited

17 March 2016

 

17 March 2016

GLI Finance Limited
("GLI" or the "Company")

GLI Investee Recommended for Designation for the Bank Referral Scheme

The Board of Directors has welcomed the announcement that Funding Options, an investee of GLI, has been recommended by the British Business Bank to go forward for designation by HM Treasury for the Bank Referral Scheme.

Announced within HM Treasury Budget 2016, businesses that are rejected for finance by high-street banks will be able to access new options, with the Budget announcing that Funding Options will be designated as one of only three finance platforms to help match borrowers and alternative lenders.

Enquiries

GLI Finance Limited

Andy Whelan

[phone]

Panmure Gordon (Nominated Adviser and Corporate Broker)

Dominic Morley

[phone]

Peter Steel

[phone]

Tom Salvesen

[phone]

Instinctif Partners (PR Advisor)

Tim Linacre

[phone]

About GLI Finance

GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises.  Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance has an equity stake.

The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include global trade finance, UK and US SME lending, offshore lending, UK invoice discounting, European invoice discounting, supply chain finance and UK property-backed lending.

About Funding Options

Funding Options (www.fundingoptions.com) is a leading online alternative business finance provider, having helped UK businesses to access tens of millions of pounds in funding. Funding Options work with providers across the entire alternative funding spectrum to find the right finance deal for businesses, from challenger banks to invoice finance, leasing, crowdfunding, peer-to-peer lending and property-based funding. 

 

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