News

19 June 2018

New UK Business Angel Market report published by the British Business Bank reveals clear regional disparity with 57% of Business Angels based in London and the South East

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

CALVERTON FINANCE ACCREDITED UNDER THE BRITISH BUSINESS BANK’S ENTERPRISE FINANCE GUARANTEE SCHEME

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 […]

13 June 2018

£2.5bn British Patient Capital Programme launched to enable long-term investment in innovative companies across the UK

British Patient Capital fulfils the Chancellor’s 2017 Autumn Budget commitment and one of the outcomes of the Patient Capital Review British Patient Capital will support UK businesses with high growth potential to access the long-term financing that will enable them to grow into world-class businesses Investing alongside the private sector, British Patient Capital will support […]

23 May 2018

British Business Bank, Diversity VC and BVCA announce new initiative to examine diversity in Venture Capital industry

Ten VC firms so far signed up to provide anonymous data Project follows recommendation from last year’s Patient Capital Review Initiative will report in Autumn 2018 The British Business Bank – the UK’s economic development bank – Diversity VC, a non-profit organisation focused on increasing representation in venture capital and the British Private Equity and […]

22 May 2018

British Business Bank agrees £100m ENABLE Guarantee with specialist business lender Cambridge & Counties Bank

The Guarantee will allow the Leicester-based Bank, which is jointly owned by Trinity Hall, a college of the University of Cambridge, and the Cambridgeshire Local Government Pension Fund, to offer significantly more funding to smaller businesses. The ENABLE Guarantee programme is a UK government-backed portfolio guarantee which is designed to encourage additional lending to smaller […]

10 May 2018

Northern Powerhouse Investment Fund celebrates strong start to the year with £50m milestone

The Northern Powerhouse Investment Fund (NPIF) has invested more than £50m across the Northern Powerhouse region, supporting over 260 small and medium growing companies. The significant achievement was announced by Ken Cooper, Managing Director, Venture Solutions at the British Business Bank as he spoke to investee businesses, key stakeholders, partners and fund managers at NPIF’s […]

4 May 2018

British Business Bank takes on expanded role with two new objectives

Since November 2014, when the Bank was formed, it has consistently delivered against its four key objectives: To increase the supply of finance to smaller businesses where markets don’t work well. To help create a more diverse finance market for smaller businesses, with greater choice of options and provider. To promote better information in the […]

27 March 2018

ALDERMORE ACCREDITED UNDER THE BRITISH BUSINESS BANK’S ENTERPRISE FINANCE GUARANTEE PROGRAMME

Aldermore, the specialist bank, has become an accredited provider under the British Business Bank’s Enterprise Finance Guarantee (EFG) Programme. The accreditation will enable Aldermore to increase its supply of asset finance to smaller businesses that are working successfully but struggling to obtain the finance they need for future growth. The new offering will initially be […]

27 March 2018

British Business Bank agrees facility with 1pm to provide £35m of additional funding to smaller UK businesses

The facility, made under the British Business Bank’s ENABLE programme, will enable 1pm plc to significantly expand its asset finance lending to businesses across the UK smaller business sector, primarily for those seeking “hard asset” finance (equipment with robust residual values after a period of use) through 1pm Group’s subsidiary Bradgate Business Finance Ltd. Bernie […]