News

British Business Bank launches online Information Hub about the finance options available to high growth smaller businesses

The British Business Bank has launched a new interactive website that offers independent information on finance options for scale-up, high growth and potential high growth businesses.

The new site features checklists to get ‘investor ready’ as well as articles from finance providers on how smaller businesses can identify and access the right finance for their growth ambitions.

At the centre of the site is the British Business Bank’s new Finance Finder, a simple six-step tool that enables smaller business to explore and identify some of the finance options that might work for them.

The new online hub, backed by research into the way today’s aspiring business leaders access information in the digital age, has been designed to appeal to busy, digitally-savvy smaller business leaders with engaging, jargon free content, infographics, and videos as well as event listings to allow small businesses to grow their networks.  Plus, there are case studies and learnings from real businesses who have successfully accessed finance.

The information hub can be found at financeyourgrowth.co.uk.

Keith Morgan, CEO, British Business Bank said: “There are bright and brilliant businesses all across the UK.  But often, their growth ambitions aren’t realised because the financial landscape is complex, daunting and misunderstood. We want to change that. We want to help businesses understand their finance options and through clear, practical tips put them in the best position to successfully access the right finance for their growth potential. That’s why we have created a best-in-class Information Hub to raise awareness of the finance options available to the UK’s small, high growth businesses.”

Central to the development of the resource is a partnership between British Business Bank and 12 industry leading editorial partners who have provided their expertise on a range of 17 types of finance included in the information hub.

Editorial partners include Beauhurst, British Private Equity & Venture Capital Association (BVCA), Business Growth Fund, finnCap, London Stock Exchange Group, Peer to Peer Finance Association (P2PFA), ScaleUp Institute, Tech Nation, UK Business Angel Association (UKBAA), UK Crowdfunding Association, UK Export Finance and UK Finance.

The information hub has been designed, written and built by Engine Group’s customer engagement specialist, Partners Andrews Aldridge, working in conjunction with the British Business Bank’s communications and marketing team.

The Information Hub by numbers:

  • More than 80 pages of content
  • 17 finance types
  • 12 editorial partners
  • 8 finance type videos
  • 6-step Finance Finder

ENDS

Further information

Scott Shearer

Senior Communications Manager

0203 772 1351 / 07770 704 761

Scott.Shearer@british-business-bank.co.uk

 

Mary Whenman

Director, Communications & Marketing (Interim)

0203 905 1495 / 07799 860 980

Mary.Whenman@british-business-bank.co.uk

About the British Business Bank

The British Business Bank is the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Our remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank is currently supporting almost £4bn of finance to more than 65,000 smaller businesses and participating in a further £6.6bn of finance to mid-cap businesses (as at September 2017).

As well as increasing both supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of the finance options, available to smaller businesses. It has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). This guide impartially sets out the range finance options available to businesses – from start-ups to SMEs and growing mid-sized companies. Take the interactive journey at www.thebusinessfinanceguide.co.uk/bbb or download/print a copy.

More information, including a legal structure chart for British Business Bank plc and its subsidiaries, can be found on the British Business Bank website.

As the holding company of the group operating under the trading name of British Business Bank, it is a development bank wholly owned by HM Government which is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The British Business Bank operates under its own brand name through a number of subsidiaries, one of which is authorised and regulated by the FCA.

British Business Bank plc and its principal operating subsidiaries are not banking institutions and do not operate as such. A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.