At the British Business Bank, 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.
The British Business Bank is committed to helping the UK meet its net zero target by 2050.
Here are some of the smaller businesses addressing this challenge that we've supported with funding.
Nova Pangaea, Wilton, Redcar
Nova Pangaea's technology converts woody and agricultural residues into a variety of valuable biochemicals and biofuels, like Sustainable Aviation Fuel (SAF).
It enables customers to decarbonise and shift away from fossil-based products.
Nova Pangaea secured £5.8 million of investment, from the Northern Powerhouse Investment Fund, the Regional Angels Programme and the Future Fund.
Xampla, Cambridge Science Park, Cambridge
Equity investment from British Patient Capital has enabled Xampla to develop a new generation of materials made from plants.
Making an impact on one of the world's more serious environmental problems - plastic pollution.
By supporting the creation of a sustainable Uk economy, with smaller businesses at the hear, we are driving enduring prosperity for all.