British Business Bank announces £10m Tier 2 investment in Shawbrook Bank as part of a £75m capital raise

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, 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. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank’s core programmes support over £17.4bn ^{Read footnote text 1}  of finance to almost 64,000 ^{Read footnote text 2}  smaller businesses.

As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success. 

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. These schemes are now closed to new applications.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at British Business Bank.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party of Shawbrook Bank or its products or services.

About Shawbrook Group

Shawbrook is a specialist UK bank providing practical, personalised financial solutions across real estate, business finance, savings, and consumer markets. Our diversified offering includes buy-to-let and commercial mortgages, development and structured finance, bridging loans, motor finance, and both personal and business savings products.

Through our retail mortgage brands, The Mortgage Lender and Bluestone Mortgages, we support customers with complex income and credit profiles, including self-employed borrowers and first-time buyers, as well as buy-to-let landlords. Following the acquisition of JBR Auto Holdings Limited, we also offer tailored finance for high-end vehicles.

We combine deep sector expertise with data-led decision making and a modern digital infrastructure to deliver the premium experience, flexibility and certainty our customers value.
For more information, visit: Shawbrook Group

Shawbrook Bank Limited is an operating entity of Shawbrook Group plc. Shawbrook Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204574), and is a member of the Financial Services Compensation Scheme.

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  Figures as at end March 2024

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  Figures as at end March 2024