Bibby Financial Services (BFS) has partnered with HSBC in a three-year deal to fund SMEs across Europe.

The €150m funding agreement is available for both new and existing SME customers, and will boost BFS’ European funding capability to €1.1bn.

Steve Box, international chief executive officer at BFS, said “Our new funding agreement signals our commitment to SMEs and will enable business throughout Europe to invest, recruit, and grow with confidence.”

Dan Howlett, head of corporate banking at HSBC, said: “Bibby Financial Services has ambitious plans to support customers investing for growth across Europe,”

“HSBC is in a prime position to help corporate businesses explore domestic and global opportunities.”

Steve Box added: “Our aim is to continuously growth our funding support for business, working closely with our banking partners to fuel economic growth throughout Europe.”