Hope Capital has secured an enhanced funding facility with Shawbrook Bank, marking the latest stage in a relationship that has underpinned the specialist lender’s rapid expansion since 2023.

The new agreement, finalised in June, doubles the size of the facility previously provided by Shawbrook.

It follows what the lender describes as a “record-breaking” period of growth, with enquiry levels and completions at their highest since the firm’s inception.

Originally backed by a £25 million committed facility from Shawbrook in 2023, Hope Capital received a further multi-million-pound extension at the end of 2024.

The latest uplift significantly increases its lending capacity and coincides with plans to launch a broader range of short-term finance products.

Kate Cowan (pictured, left with CEO Jonathan Sealey), chief financial officer at Hope Capital, said the new funding package was “a significant and exciting milestone” and praised the lender’s long-standing partnership with Shawbrook.

“We’re extremely proud to have maintained a strong partnership with the team at Shawbrook Bank for nearly two years now and are grateful for their continued support,” she said.

“Securing a new funding facility once again last month expands the scope of what we can achieve as a lender in the short-term market.

“Our diversified funding structure remains a critical component in delivering certainty to our growing network of brokers and borrowers, while maintaining the high service standards we are known for.”

The enlarged facility from Shawbrook will operate alongside Hope Capital’s other funding lines, which include institutional support from Triple Point and capital from an increasing pool of high-net-worth investors.

The move comes as Hope Capital prepares to introduce a series of new product launches aimed at further strengthening its position in the UK’s short-term finance market.

Warren Mutch, head of speciality finance at Shawbrook, added: “Since initially delivering a funding line for Hope Capital back in 2023, we have seen the business grow substantially and maintained our support with a facility top-up late last year.

“Kate and the team at Hope are now looking to move to their next stage of growth with new products and we are delighted to continue supporting them on their journey.”