The British Business Bank is the UK Government’s economic development bank. Its 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.
To achieve this, we design, deliver and manage access to finance programmes for smaller businesses across the UK. Ours is a purpose driven organisation, and our values – commitment, collaborative and creativity – are at the heart of everything we do.
As well as increasing both supply and diversity of finance for UK smaller businesses through our programmes, we work to raise awareness of the finance options available to smaller businesses. This helps support the creation of a sustainable UK economy, with smaller businesses at the heart, driving enduring prosperity for all.
At the end of March 2022, the British Business Bank’s core programmes were delivering finance of £12.2bn to almost 96,000 smaller businesses. The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4bn in finance to 1.67m businesses. Research undertaken by London Economics and Ipsos MORI for the British Business Bank found that the three Coronavirus loan schemes saved up to 500,000 businesses and 2.9m jobs.