News

15 March 2019

NPIF supports £184m of investment across the North in its second year

As it reaches the second anniversary of its launch, the Northern Powerhouse Investment Fund (NPIF) is celebrating having directly invested £100m in 385 Northern-based SMEs, in deals that have attracted an additional £84m of investment from the private sector. The £400m investment fund was launched in 2017 by the British Business Bank using funding from […]

13 March 2019

British Business Bank ENABLE Build programme to launch next month

During today’s Spring Statement, the Chancellor of the Exchequer, Philip Hammond MP, confirmed that the British Business Bank’s ENABLE Build programme will launch next month. Funded by the Ministry of Housing, Communities and Local Government (MHCLG), ENABLE Build is a new variant of the Bank’s existing ENABLE Guarantee programme. It will make available up to […]

28 February 2019

Robert Owen Community Banking Fund Accredited under the British Business Bank’s Enterprise Finance Guarantee Programme

Based in Newtown, Mid Wales, ROCBF has recently launched an enhanced range of ethical loans for businesses, individuals and communities across Wales. These business loans, ranging from £1000 to £50,000, are available to support a spectrum of local enterprises. Their new EFG accreditation will enable ROCBF to increase still further their provision of finance to […]

4 February 2019

Female Start-Up founders missing out on billions in funding

The UK VC & Female Founders report found that for every £1 of venture capital (VC) investment in the UK, all-female founder teams get less than 1p. By comparison, all-male founder teams get 89p and mixed-gender teams get the remaining 10p. The research, commissioned by Chancellor Philip Hammond at Budget 2017 and undertaken by the […]

28 January 2019

MEIF helping to drive the Midlands Engine after £25million milestone

The £250million Midlands Engine Investment Fund (MEIF) has reached its first milestone after supporting investment of £25million in the region’s businesses. Fully launched in late February last year, the Fund seeks to address regional imbalances in finance available to Midlands businesses. Research from the British Business Bank in its Small Business Finance Market Report reported […]

17 January 2019

First CIOSIF investment with £750k equity investment in wireless internet provider

The investment is being match-funded by the FSE Angel network, private investors and Crowdcube as part of a £1.5m package. It will support Wildanet’s continued expansion across Cornwall and into Devon, targetting 12,000 new customers and creating an estimated 39 jobs over the next three years. Wildanet uses state of the art wireless radio technology […]

8 January 2019

UK Government launches EU Exit business website

The website features a simple tool which enables you to find out: • what your business will need to do to prepare for the UK leaving the EU • what’s changing in your industry • information on specific rules and regulations Other sources of information are available for businesses, including business representative organisations and trade […]

11 December 2018

British Business Bank appoints UK Network Director for the North of England and the Midlands

The British Business Bank – the government-owned economic development bank dedicated to making finance markets work better for smaller businesses – is establishing a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network was originally announced as part of the Government’s modern Industrial Strategy in […]