News

3 December 2021

British Business Bank responds to National Audit Office Report on Bounce Back Loans

The National Audit Office (NAO) has today published its report – The Bounce Back Loan Scheme: an update. The British Business Bank stepped up to deliver the Bounce Back Loan Scheme on behalf of government to ensure access to finance was available at pace and at scale during the pandemic. The Bank made 28 lender […]

30 November 2021

Enterprise Capital Funds are helping to close the ‘equity gap’ by increasing the availability of early-stage equity finance to high potential UK companies, British Business Bank interim evaluation report reveals

The latest Enterprise Capital Funds (ECF) programme Interim Evaluation Report reveals: 63% of companies invested in by an ECF supported fund were either seed or start-up, and 25% were early-stage – helping to close the early-stage ‘equity’ gap. 388 UK-based companies funded by the programme between 2011-2019 created almost 8,000 jobs and generated £2.2bn in […]

26 November 2021

UK Venture Capital fund performance increased sharply over the last year, finds latest research by the British Business Bank

Performance of UK VC funds has increased sharply over the last 12 months UK VC funds continue to perform well compared to their US counterparts UK has an increased proportion of top performing VC funds reporting very high returns British Business Bank’s Enterprise Capital Funds programme performing in line with wider market Latest British Business […]

27 October 2021

Spending Review and Autumn Budget 2021: British Business Bank Response 

Catherine Lewis La Torre, Chief Executive, British Business Bank, said:   “The package the Chancellor has announced today enables us to build on our range of programmes to support sustainable economic growth by increasing the supply, diversity and demand for finance for UK smaller businesses. “We welcome the provision of this funding to deliver our expanded […]

25 October 2021

Recovery Loan Scheme offers over £1bn to smaller businesses

£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a […]

21 October 2021

Form Ventures closes £30m Fund II to help game-changing startups navigate public policy

Form Ventures today announces final close of a £30m ($39m) Fund II at its target fund size. Form invests in startups at pre seed and seed stage in sectors directly shaped by policy and regulation, and helps founders build game-changing businesses while managing the complexity that comes with being on government’s radar. The fund has […]

20 October 2021

Smaller businesses responsible for around half of all UK greenhouse gas emissions from businesses, British Business Bank research reveals

Smaller businesses account for around half (50%) of UK business-driven emissions, the same proportion as larger businesses Awareness of net zero is becoming significant (at nearly 60%), although only around half of smaller businesses say decarbonisation or reducing environmental impacts is a near-term priority 35% of smaller businesses state cost as a barrier for reducing […]