Select audience

Choose the option that best describes your role.

Search British Business Bank
Popular Search placeholder

British Business Bank makes up to £59m commitment to Beach Point Capital UK to boost growth of smaller businesses across UK Nations and regions

Press release 05 November 2026

  • New fund will seek to deliver growth capital to ambitious businesses across the UK 
  • The Bank’s total commitment to Beach Point Capital UK (“Beach Point”) is expected to exceed £100m

The British Business Bank (the “Bank”) has made a cornerstone commitment of up to £59m to Beach Point’s new fund, BPC Europe SME DAC (the “Fund”), the fourth fund in Beach Point’s UK and Ireland SME direct lending strategy, as part of a £65.7m first close.

The commitment follows the Bank's previous investments of £20m in 2022 and £30m in 2025 into Beach Point's first dedicated UK SME lending fund, taking the Bank's total potential commitment to Beach Point to an amount expected to exceed £100m. The new Fund will continue with this strategy by seeking to provide additional lending capacity and growth capital for ambitious businesses across the UK and Ireland. It will offer flexible senior debt to companies seeking capital to invest, expand, make acquisitions and create jobs.

The Fund has been anchored at first close by British Business Bank and will target growth-focused businesses with annual turnover of less than £25m, providing loans of between £500,000 and £10m to SMEs across the UK and Ireland.

Beach Point's previous UK SME lending fund has invested in 26 businesses across all UK Nations and regions, with a particular focus on Northern Ireland, Scotland and the North of England. The predecessor fund has provided flexible debt financing to support business growth, investment, employment and economic expansion across communities throughout the UK. While the new Fund will be sector agnostic, it is expected to continue Beach Point's historical track record of investing in businesses operating in the Digital and Technologies and Financial Services sectors.

Business Secretary Jonathan Reynolds said
 

Small businesses are at the heart of our communities, creating jobs and driving growth. This new funding will help more of them access the finance they need to grow, particularly in areas like Northern Ireland, Scotland and the North of England.

Our mission is to deliver growth in every postcode and we want every business, wherever they are based, to have the tools they need to succeed.

Adam Kelly, Managing Director and Co-Head of Funds, British Business Bank, said:

By building further on our strong partnership with Beach Point Capital, this new fund will provide much-needed growth capital to smaller businesses across the UK's Nations and regions, particularly in areas where access to finance can be more limited. By providing ambitious companies with the flexible finance they need to invest, expand and create jobs, we can help unlock local economic potential and support growth in communities across the UK.

Shane Lanigan, Portfolio Manager and Head of European Lending Solutions, Beach Point Capital UK, said:

We are delighted with British Business Bank’s continued support and its recognition of the important stimulus our strategy can bring to local and regional growth. The challenge is not simply to generate growth, but sustainable, productive and broadly distributed growth. Viable SMEs with the ambition and capacity to scale are exceptionally important to that process. By providing flexible capital at critical points in their development, we can help businesses invest, expand and create employment in the communities in which they operate.

Further Information

If you are a journalist and have a media enquiry, please contact [email protected].

Notes to editors

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 economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

In 2025/26 1 , the Bank supported UK smaller businesses to access £9.4bn of finance, made up of £1.3bn of public funding, £4.3bn of private capital crowded in by the Bank and £3.7bn of lending the Bank guaranteed. The funding benefited 38,000 UK businesses, including around 30,000 businesses the Bank had not previously helped to fund.

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.co.uk.

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 in respect of Beach Point Capital or its products or services.

About Beach Point Capital UK

Beach Point Capital UK is a non-dilutive, growth capital provider to high-growth SME businesses across the UK and Ireland which are profitable or on a clear trajectory to profitability. It focuses on businesses with contracted or sticky revenue bases, managed by strong, proven management teams, which are entrepreneur owned/owner managed businesses for best incentivised alignment (and don’t require Venture Capital or Private Equity involvement).

It is a business unit of Beach Point Capital Management, a multi-billion dollar global investment manager specializing in credit-related investments with over $20bn assets under management.

Quick links

Latest news