Henry Howard Finance has secured an extra £4m in funding, allowing it to significantly increase its lending capacity. In the last financial year, the Newport-based business has loaned more than £30m to SMEs and hopes to increase this to £40m in the forthcoming year. Mark Crook, Managing Director of Henry Howard Finance, said he believed the company could benefit from a lack of lending from banks.“Despite a real push by the government to encourage high street banks to lend more, it is clear that they have, in fact, shrunk their lending this year,” he added.