News

28 January 2020

£40 million unlocked for Midlands’ businesses as MEIF reveals new loan fund

• Midlands Engine Investment Fund launches new loan fund • The FSE Group appointed to manage £40 million of debt finance • Fund to address regional demand for alternative debt finance options The Midlands Engine Investment Fund (MEIF) has appointed a new fund manager and made £40 million available to invest in the region’s small […]

15 January 2020

British Business Bank responds to National Audit Office report

Commenting on the report, British Business Bank CEO, Keith Morgan, said: “We welcome the NAO’s findings that the British Business Bank has performed well against its objectives, enabling additional growth in UK SMEs as a result of our activities. “The NAO has provided a robust evidence base, culminating in a balanced report. As well as […]

15 January 2020

Sheffield firm SlothMove wins mentoring session with former ‘dragon’ Piers Linney

SlothMove lets users update their address with TV Licensing, loyalty programmes and all their utility companies in one go by filling in a simple online form. Based in Sheffield, the company has been up and running for eight months, helping house-moving Britons save time and money. The founder entered the Small Business Advice Week competition […]

10 December 2019

Ada Ventures closes flagship fund to invest in overlooked founders

Inspired by Ada Lovelace, the nineteenth-century computer science pioneer, Ada Ventures is founded by experienced early-stage investors Francesca Warner and Matt Penneycard. The firm’s investment strategy focuses on investing in overlooked founders, who are building companies that focus on underserved customer groups. British Business Bank will make cornerstone investment of up to two-thirds of the […]

7 November 2019

Going digital is a challenge for European small and medium-sized enterprises – but key to remain competitive

The National Promotional Institutions of France (Bpifrance), Germany (KfW), Poland (BGK), Spain (ICO) and the United Kingdom (British Business Bank) presented a study today in Brussels on the challenges of digitalisation for European small and medium-sized enterprises. The study is based on a first-time joint survey of more than 2,500 SMEs in the participating countries, […]

5 November 2019

British Business Bank appoints Neeta Atkar as Senior Independent Director

Ms Atkar steps up into the role having served as a Non-executive Director since July 2016 and will continue to Chair the British Business Bank’s Risk Committee. The previous incumbent, Christina McComb, steps down from the Board, having served two terms as Senior Independent Director since 2013. Lord Smith, Chair of the British Business Bank, […]

30 October 2019

Cornwall & Isles of Scilly Investment Fund reaches £5m milestone

The figures, revealed at an anniversary event in Truro last night (Tues, Oct 29) as part of the Cornwall Festival of Business, show that the fund has so far supported 13 local businesses with £2.9m of investment, attracting a further £2.2m of private sector investment. The fund in its entirety; which is managed by The […]