31 October 2018
The new role has been created to lead the Bank’s new Demand Development Unit. The new unit will build the profile of the Bank and its positioning and relationship with smaller businesses across the UK, to enable SMEs to seek the finance best suited to their needs. Woodland joins from Bupa UK where, since 2011, […]
29 October 2018
Start Up Loans We welcome the Government’s commitment to funding the Start Up Loans programme until 2021. This is good news for start-up businesses across the UK, and the extension of funding will enable us to work with our delivery partner network to continue to improve the successful delivery of the programme. ENABLE Guarantees for […]
26 October 2018
Their inquiry looked at three main themes – funding options available to SMEs, their ability to resolve disputes and access to fair and reasonable compensation when they borrow money, and the regulation of SME lending. As part of the inquiry, Keith Morgan, CEO, British Business Bank gave evidence to the Committee in May 2018 on […]
25 October 2018
The facility, partially guaranteed by the European Investment Fund, comes on top of an existing £51m asset finance facility granted in 2016 and will allow Henry Howard Finance to extend its leasing and asset finance offering to a larger portfolio of UK smaller businesses. One of British Business Bank’s key objectives is to diversify finance […]
23 October 2018
Key highlights for 2017-18 include: • A gross annual income of £76.2m generated, delivering a pre-tax profit of £67.9m – an increase of 23% on 2016/17 • A gross return on average capital employed for the year of 7.0%, or 6.2% net of costs, both ahead of benchmarks of 5.6% and 5.0% respectively • Supporting […]
17 October 2018
The transaction is expected to enable HTB and the British Business Bank to support the building of new housing to a value of over £500m over the lifetime of the guarantee. This is a significant increase in the amount of housing built by SMEs that HTB can finance. HTB’s Development Finance division offers financing solutions […]
2 October 2018
• Second tranche of financing will enable an additional £60m of lending, with total facility expected to provide over £120m of funding to UK businesses This will enable the asset finance provider to expand its lending to smaller businesses across the UK. Together, the two rounds of financing are expected to provide more than £120m […]
1 October 2018
This new commercial programme aims to address this issue by increasing the availability, supply and awareness of angel and other early-stage equity investments across the country, particularly in areas where this type of finance is less readily available. British Business Bank research published earlier this year in partnership with the UK Business Angels Association found […]
1 October 2018
These activities include: British Patient Capital Ltd which is responsible for investing an additional £2.5bn of funding provided by the Government at last year’s Autumn Budget for UK venture and growth capital. A £500m Managed Funds programme designed to invest in large-scale funds of funds, run by experienced managers, to boost the amount of patient […]
26 September 2018
The Northern Powerhouse Investment Fund (NPIF) is marking another milestone as it celebrates backing £100 million of investment across the Northern Powerhouse region. The Fund has directly invested £60 million in small and medium sized companies since its launch, in deals that have attracted an additional £40 million of investment from the private sector. Investments […]