7 September 2018
Leading voices from across Scotland’s business community are gathering today in Glasgow to discuss how to support growth ambitions of small businesses. The event, Financing Scottish Growth Ambitions, is being organised by the British Business Bank, the UK’s national economic development bank. Lord Smith of Kelvin, Chair of the British Business Bank, will welcome guests […]
31 August 2018
The British Business Bank is a Government-owned, independently-run development bank that is supporting around £5.2bn of finance to nearly 75,000 smaller businesses. Its mission, which fits perfectly with Small Business Advice Week, is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. The […]
9 August 2018
The British Business Bank has announced that it has accredited Lutterworth-based County Finance Group for the Asset Finance variant of the Bank’s EFG programme. This will enable County Finance Group to offer additional asset finance to smaller business looking to acquire equipment or machinery to boost their growth. Jim McAuley, Director, Guarantee & Wholesale Solutions, […]
31 July 2018
The British Business Bank has today launched the £85m National Security Strategic Investment Fund (NSSIF) Programme, which will support long-term equity – ‘patient capital’ – investment in advanced technologies. The NSSIF Programme will build on the UK’s role as both a leading centre for advanced technologies and as a global hub for venture capital. It […]
19 July 2018
In the last financial year, the Bank delivered strongly against all four of its objectives: Increasing the supply of finance to smaller businesses – total stock of finance provided through Bank programmes rose by 33% to £12.25bn Helping create a more diverse finance market for smaller businesses – 95.6% of the support offered was delivered […]
6 July 2018
The British Business Bank has today announced a new £300m ENABLE guarantee to help Barclays Bank increase their provision of flexible asset finance to smaller businesses looking to invest in vehicles, equipment, plant and machinery. The British Business Bank’s ENABLE Guarantee programme helps banks to increase their lending to smaller businesses by reducing the amount […]
5 July 2018
Total equity investment increased by 89% to a record £5.9bn invested in UK smaller businesses in 2017 Investment values in Q1 2018 exceeded £1bn for the fourth consecutive quarter in a row Equity investment in the technology and intellectual property sectors grew to a record high of £2.1bn in 2017 Published today, the British Business […]
28 June 2018
The fund has been established in partnership with the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP), the European Regional Development Fund (ERDF) and UK Government to provide local businesses with more funding options to help them grow and create jobs. CIOSIF has been designed following input from local business groups, funders, business advisers […]
19 June 2018
43% of Business Angel investments made in London and the South East 75% of business Angels aged over 45 and 21% aged over 65 Healthcare, Life Sciences, Fintech and Software as a Service most popular sectors for investment The survey found that 57% of business Angels are based in London and the South East, with […]
14 June 2018
The British Business Bank’s Enterprise Finance Guarantee (EFG) Programme facilitates business finance to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal credit requirements. The EFG programme provides lenders such as Calverton with a government-backed guarantee of 75% of the outstanding […]