News

1 July 2019

British Business Bank appoints UK Network Director for the South and East of England

The British Business Bank – the government-owned economic development bank dedicated to making finance markets work better for smaller businesses – has established a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network works with small business finance intermediaries to enhance business finance ecosystems […]

20 June 2019

British Business Bank Start Up Loans Programme Lends £500m to UK Small Businesses

The British Business Bank’s Start Up Loans programme has lent £500 million to UK small businesses since it was set up in 2012, according to official figures published today. New data from the Government-backed scheme shows it has issued a total of 63,920 loans to fund small business across the UK, with the average loan […]

19 June 2019

Midlands Engine Investment Fund reaches £50million milestone

£50million has been injected into the region’s firms with the support of the Midlands Engine Investment Fund (MEIF). Revealed at the MEIF’s anniversary event last night (18 June), this latest milestone is the result of making over 150 investments in firms located across the Midlands and includes £19.02 million of private sector leverage. Now over […]

17 June 2019

Edward O’Hara takes up post of Chief Risk Officer at British Business Bank

As the UK government’s economic development bank, the Bank’s mission is to help drive economic growth by making finance markets work better for small businesses, enabling them to prosper and grow. A key part of the delivery of its objectives is the management of taxpayers’ money efficiently within a robust risk management framework. Edward joins […]

14 June 2019

UK Smaller Businesses Receive a Record £6.7bn Equity Finance Investment

The amount of equity invested in smaller UK businesses rose 5% to £6.7bn in 2018, the highest amount recorded, reveals British Business Bank’s annual Small Business Equity Tracker report, published today. View the 2019 Equity Tracker report 2019 Equity investment outside London increases The report, which provides an in-depth assessment of equity finance markets for […]

16 May 2019

British Business Bank ENABLE Guarantee opens to new types of lenders

The British Business Bank’s ENABLE Guarantee programme is now accepting applications from new types of lenders, with the aim of increasing the diversity of both supplier and type of finance available to smaller businesses. The extension means the programme can now support asset finance and asset-based lending providers, as well as certain other categories of […]

13 May 2019

British Business Bank appoints Dharmash Mistry as non-executive director

Dharmash Mistry is an experienced venture capitalist, entrepreneur and NED who has served on the boards of many well-known businesses and organisations. He is currently a Partner at Lakestar VC, which makes early and growth stage investments on both sides of the Atlantic. Notable Lakestar investments include Spotify, Skype, Facebook and Airbnb. Additionally, he is […]

7 May 2019

British Business Bank ENABLE Build programme launches, offering further support for smaller housebuilder finance

British Business Bank’s ENABLE Build programme is now accepting applications from lenders. The programme, which was included in Chancellor of the Exchequer, Philip Hammond MP’s Autumn Budget 2018, will make available up to £1bn of guarantees to support lending to smaller housebuilders, via specialist and high street banks. Provided by the Ministry of Housing, Communities and […]