Annual Report and Accounts 2017

The British Business Bank’s Annual Reports and Accounts for 2016-17 demonstrated significant growth in the delivery of its programmes to support small businesses.

In 2016/17, the Bank delivered robust results against all four of its objectives:

1. Increasing the supply of finance to smaller businesses – total stock of finance provided through Bank programmes rising by 24% to £9.2bn.
2. Helping create a more diverse finance market for smaller businesses – 94% of the support we offered was delivered through smaller, newer or alternative finance providers (this is up from 90% in 2015/16)
3. Promoting better information in the market – 50% of SMEs (up from 48% in 2015/16) were demonstrating heightened awareness of a range of finance options
4. Achieving the above while managing taxpayers’ money efficiently – an increase to 4% adjusted return on capital employed, exceeding the target set by Government for a third consecutive year