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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 […]

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 […]

  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 […]

Keith Morgan, CEO, said: “In the past year, the Bank has delivered strongly against all six of its objectives and is supporting over 89,000 businesses with £6.6bn of finance, an increase of 27% over the year, following a period of rapid growth both in scope and delivery. The last five years have seen the British […]

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 […]

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 […]

£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 […]

Simply, the non-bank lender that was set up in April 2017 in response to the need for disruption in the asset finance sector, today announced that it has received a third facility from the British Business Bank, which will provide another £60m of lending. Together, the three rounds of financing are expected to provide more […]

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 […]

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 […]