OakNorth Bank announces British Business Bank ENABLE Guarantee of £133m

OakNorth has today announced its participation in the ENABLE Guarantee programme, securing a guarantee of £133m from the British Business Bank, the UK government’s economic…

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OakNorth reports £33.9m profit for 2018 and commits to donating 1% of all future net profit to charitable causes and social entrepreneurship

OakNorth has seen a 220% increase in its profit-before-tax – up from £10.6m in 2017 to £33.9m in 2018; The bank, which lends £0.5m-£40m to…

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OakNorth Bank completes £2.4m loan to Sire Properties to acquire a long-standing care home in Hampshire

The finance will be used to acquire Old Raven House, a grade II listed detached care home registered with the Care Quality Commission; The site…

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OakNorth Bank lends £16.7m to family-run Westcombe Group for new developments in Isleworth and Northwood

OakNorth has completed a transaction with Westcombe Group, a leading property developer established for over 50 years focused on luxury developments in London; The finance…

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OakNorth, Europe’s most highly-valued fintech, and ClearBank®, the first new clearing bank in 250 years, announce strategic partnership

OakNorth, which has lent over £2.7bn to businesses across the UK, has today announced a strategic partnership with ClearBank®. The business will leverage ClearBank®’s platform…

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OakNorth Bank completes £35.4m loan to Union Developments for major new residential-led mixed-use scheme in North West London

The finance will be used to develop a mixed-use scheme in Dollis Hill comprising of 113 residential units (including 24 affordable homes) and over 6,300…

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OakNorth Bank completes £29.2m loan to Regal London for major new mixed-use scheme in Clapham North

OakNorth has completed a transaction with Regal London, the award-winning property developer, and its joint venture partner KKR, a leading global investment firm; The finance…

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OakNorth Bank lends £2.8m to hoteliers Simon Rhatigan and Simon Kershaw to launch new hotel brand, starting with a 59-bedroom hotel in Scarborough

The loan will partially finance the acquisition of an existing hotel and fund its conversion into a 59-bedroom boutique hotel; The new hotel brand –…

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Alchemy-backed Inn Collection Group plans to more than double the size of its portfolio to 21 sites by 2022 following £10m loan from OakNorth Bank

OakNorth has provided Northumberland’s largest independent accommodation provider, The Inn Collection Group, with an additional £10m funding package to support its expansion; This is the…

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Groveworld acquires a major mixed-use development site in King’s Cross supported with over £50m financing from OakNorth Bank and ASK Partners

OakNorth and ASK Partners have provided a combined facility of over £50m. OakNorth’s contribution makes it the lender’s largest transaction since it launched in 2015;…

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