News

2 September 2019

British Business bank supports small business advice week

Businesses that get external support are between 15% and 25% more likely to become high growth firms Research finds 81% of smaller businesses sought no advice when applying for external finance last year British Business Bank Non-Executive Director and former ‘dragon’ Piers Linney offers business mentoring session as competition prize September 02, 2019: The majority […]

29 August 2019

Genesis Asset Finance accredited under the British Business Bank’s Enterprise Finance Guarantee

Glossop-based, family owned and managed Genesis provide hire purchase and lease finance. Focussing on helping smaller businesses underserved by banks and traditional lenders, it has lent £10m of funding since 2000. The Enterprise Finance Guarantee provides lenders with a Government-backed guarantee for up to 75% of the outstanding balance of eligible facilities, potentially enabling a […]

25 July 2019

New report shows positive impact of NPIF funding on SMEs in the North

  New report shows positive impact of NPIF funding on SMEs in the North   New evidence published today shows that the Northern Powerhouse Investment Fund (NPIF) has increased the availability of finance in the region and this is already making a positive impact on performance of those businesses. The ‘Early Assessment Report’ undertaken by […]

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 […]