News

17 January 2019

First CIOSIF investment with £750k equity investment in wireless internet provider

The investment is being match-funded by the FSE Angel network, private investors and Crowdcube as part of a £1.5m package. It will support Wildanet’s continued expansion across Cornwall and into Devon, targetting 12,000 new customers and creating an estimated 39 jobs over the next three years. Wildanet uses state of the art wireless radio technology […]

8 January 2019

UK Government launches EU Exit business website

The website features a simple tool which enables you to find out: • what your business will need to do to prepare for the UK leaving the EU • what’s changing in your industry • information on specific rules and regulations Other sources of information are available for businesses, including business representative organisations and trade […]

11 December 2018

British Business Bank appoints UK Network Director for the North of England and the Midlands

The British Business Bank – the government-owned economic development bank dedicated to making finance markets work better for smaller businesses – is establishing a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network was originally announced as part of the Government’s modern Industrial Strategy in […]

28 November 2018

British Business Bank announces new commitment with Funding Circle SME Income Fund Limited to increase UK small business lending

The transaction, under the Bank’s ENABLE Funding programme, is designed to accelerate lending to small businesses and is expected to support the growth of more than 2,000 UK firms.[1] The new facility will provide senior financing to a transaction with the Funding Circle SME Income Fund Limited (FCIF), a publicly traded fund that lends exclusively […]

27 November 2018

Blackpool-based business becomes recipient of the 30,000th Enterprise Finance Guarantee-backed facility as British Business Bank’s programme celebrates milestone

The 30,000th recipient is Blackpool-based business Euro Recycling Brokers Ltd, a waste management specialist which, since being established in 2015, has experienced rapid year-on-year growth. To help them realise their growth ambitions, the business needed a new funding partner to provide both the working capital and new funding to expand their workforce. Euro Recycling secured […]

22 November 2018

British Business Bank announces Haydock Finance as a new accredited partner for the Enterprise Finance Guarantee Asset Finance variant

This accreditation follows the provision of a £25m block discounting facility from British Business Investments, a commercial arm of the Bank, to Haydock Finance in 2016. This facility helped grow its asset finance division, providing hire-purchase, leasing and refinance for business assets to smaller businesses wanting to invest and grow. Jim McAuley, Director, Guarantee & […]