We are the UK Government’s economic development bank and our mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. We do this by designing, delivering and managing access to finance programmes for smaller businesses across the UK. We are a purpose driven organisation, and our values – commitment, collaborative and creativity are at the heart of everything that we do.
As well as increasing both supply and diversity of finance for UK smaller businesses through our programmes, the British Business Bank works to raise awareness of the finance options available to smaller businesses to support the creation of a sustainable UK economy, with smaller businesses at the heart, driving enduring prosperity for all.
At the end of March 2021, the British Business Bank’s core programmes were delivering finance of £8.5bn to almost 95,000 smaller businesses. Between March 2020 and March 2021, the Bank was responsible for running the Government’s Coronavirus business loan schemes, delivering more than £80.4bn of finance to 1.7m businesses.
As part of our ongoing commitment to diversity and inclusion, we welcome the UK Government’s legislation on gender pay gap reporting, requiring employers with more than 250 colleagues to publish their gender pay gap figures on an annual basis.