Terms, Conditions & Confidentiality

Terms and Conditions  

The Bank reserves the right at any time not to make a commitment and/or cancel or withdraw from the process at any stage. Any costs or expenses incurred by a Prospective Manager will not be reimbursed and the Bank will not be liable in any way to a Prospective Manager for costs, expenses or losses incurred as a result of this process.  

The Bank reserves the right to amend the timetable and/or the process until such time as binding arrangements are concluded with Prospective Managers. The Bank reserves the right to reject any, and all, Proposals at any stage, with or without cause. The Bank reserves the right to request clarification of information submitted and to request additional information regarding any Proposal, including the right to request face to face meetings. Refusal to provide such information upon request may cause the Proposal to be rejected. Where no reply to a request for information or for clarification is received within ten business days, the Bank may consider that the Proposal has been withdrawn.

No representation, expressed or implied, is made by the Bank as to the completeness or accuracy of any facts or opinions contained in this brief. Potential applicants should seek their own independent legal, financial, tax, accounting or regulatory advice before making any application under the Investor Pathways Capital initiative.

Please note that the Bank is acting as an investor for the purposes of the Investor Pathways Capital initiative and therefore this Request for Proposals does not require approval under financial promotion legislation or corresponding rules.

Prospective Managers should be aware the Bank is not authorised to carry out regulated activity. The Bank will thus be unable to consider responses where receipt or processing would require any form of regulatory authorisation or permission.

Prospective Managers should note that information received by the Bank or any other member of the British Business Bank plc group as part of this process, including personal information, may be published or disclosed in accordance with the access to information regimes. These are primarily the Freedom of Information Act 2000 (FOIA), the Data Protection Act and GDPR (Data Laws) and the Environmental Information Regulations 2004. In view of this, should Prospective Managers consider that any information should be treated as confidential and/or commercially sensitive, it would be helpful if Prospective Managers could set out why they consider this to be the case in each instance. Automatic confidentiality disclaimers generated by IT systems will not, in themselves, be regarded as binding. If the Bank or any member of the British Business Bank plc group receives a request for disclosure of information provided, full account will be taken of any explanation, but no assurance can be given that confidentiality will be maintained in all circumstances. Decisions on disclosure remain the responsibility of the Bank or the relevant member of the British Business Bank group and ultimately the Information Commissioner and courts. Personal data will be processed in accordance with the Data Laws: in the majority of circumstances this will mean that personal data will not be disclosed.

Personal data will be processed in accordance with the privacy notice on our website.

Confidentiality

All information from Prospective Managers will be treated as commercially confidential. Except where required by law or where the consent of the Prospective Manager has been obtained, such information will not be disclosed to third parties other than those involved in assessing or advising on the applications or in other aspects of the management or evaluation of the Investor Pathways Capital initiative. The Investor Pathways Capital Team will retain applications after the application process is completed, for example to support any evaluation of the Investor Pathways Capital application process. This may involve passing certain details to carefully selected external researchers, who would be bound by strict confidentiality provisions.