News

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 […]

17 April 2019

Extra £200 million backing for British businesses

High-flying firms across the UK will benefit from a further £200 million of government support to ensure that innovative British firms can access the finance they need to grow. The Exchequer Secretary, Robert Jenrick, today marked the launch of the new funding that will be made available to innovative businesses through funds supported by the […]

27 March 2019

OakNorth announces British Business Bank ENABLE Guarantee of £133m

The ENABLE Guarantee programme is designed to encourage banks to increase their lending to smaller businesses by reducing the amount of capital required to be held against such lending. Under an ENABLE Guarantee, the UK Government takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, in return for […]

25 March 2019

VGC Partners closes Fund II at over £50m

The firm has been supported by a £30m commitment from the British Business Bank through its Enterprise Capital Funds (ECF) programme for early stage venture capital. Additional funds have been secured from private investors and high-net worth individuals. The new fund is the Bank’s 28th ECF. VGC will be investing between £2m and £5m for […]

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 […]