News

15 July 2020

NEW LENDERS ACCREDITED TO BRITISH BUSINESS BANK CORONAVIRUS BUSINESS LOAN SCHEMES

Bank of India joins over 100 existing CBILS accredited lenders Silicon Valley Bank accredited under CLBILS Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender […]

14 July 2020

BRITISH BUSINESS BANK BUSINESS SUPPORT SCHEMES DELIVER £46BN OF LOANS TO SMALLER BUSINESSES

£31.7bn Bounce Back Loan Scheme £11.8bn Coronavirus Business Interruption Loan Scheme £2.7bn Coronavirus Larger Business Interruption Loan Scheme £419m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,102,561 government-guaranteed loans worth £46.3bn to support their cashflow during the crisis through schemes delivered by […]

8 July 2020

NEW LENDERS ACCREDITED TO BRITISH BUSINESS BANK CORONAVIRUS BUSINESS LOAN SCHEMES

Funding Circle accredited to Bounce Back Loan Scheme (BBLS) Maven Capital Partners and Satago to join nearly 100 existing CBILS accredited lenders Today the British Business Bank has announced that it has approved Funding Circle for accreditation to the Bounce Back Loan Scheme (BBLS), and Maven Capital Partners and Satago for accreditation under the Coronavirus […]

7 July 2020

British Business Bank Business Support Schemes Deliver £45bn of Loans to Smaller Businesses Including 1 Million Bounce Back Loans

Today the government published new statistics that show businesses across the UK have to date benefitted from 1,067,340 government-guaranteed loans worth £45bn to support their cashflow during the crisis through schemes delivered by the British Business Bank. This includes 1,013,410 Bounce Back Loans worth £30.93 billion, 53,536 loans worth over £11 billion through the Coronavirus […]

1 July 2020

NEW LENDERS ACCREDITED TO BRITISH BUSINESS BANK CORONAVIRUS BUSINESS LOAN SCHEMES

365 Business Finance, FOLK2FOLK, Handelsbanken, LendingCrowd, Maxxia, and Nucleus Commercial Finance to join over 90 existing CBILS accredited lenders Close Brothers, ThinCats and HSBC Bank plc accredited under CLBILS Coutts and Arbuthnot Latham accredited to Bounce Back Loan Scheme (BBLS) Today the British Business Bank has announced that it has approved six new lenders for […]

30 June 2020

BRITISH BUSINESS BANK BUSINESS SUPPORT SCHEMES DELIVER OVER £42BN OF LOANS TO MORE THAN 1,000,000 SMALLER BUSINESSES

£29.5bn Bounce Back Loan Scheme £11bn Coronavirus Business Interruption Loan Scheme £2.3bn Coronavirus Larger Business Interruption Loan Scheme £320m Future Fund   Today the government published new statistics that show businesses across the UK have to date benefitted from 1,019,955 government-guaranteed loans, worth £42.91bn, to support their cashflow during the crisis, through schemes delivered by […]

30 June 2020

FUTURE FUND EXTENDED TO UK COMPANIES FROM ACCELERATOR PROGRAMMES OUTSIDE THE UK

The Chancellor of the Exchequer today announced that the Future Fund is being expanded to accommodate businesses that contribute significantly to the UK economy, but do not have their parent company based in the UK because they participated in a non-UK based accelerator programme. Accelerators are open and competitive programmes which are designed to select […]

25 June 2020

Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year

Value of total equity investment in UK’s smaller businesses rose 24% to £8.5bn Growth stage deals are the primary driver of increased investment Early signs of market softening before emergence of Covid-19 British Business Bank programmes supported 11% of all UK equity deals Equity investment in the UK’s tech businesses increased by 27% in 2019 […]

23 June 2020

BRITISH BUSINESS BANK BUSINESS SUPPORT SCHEMES DELIVER OVER £40BN OF LOANS TO MORE THAN 972,000 SMALLER BUSINESSES

£28bn Bounce Back Loan Scheme £10.5bn Coronavirus Business Interruption Loan Scheme £2.1bn Coronavirus Larger Business Interruption Loan Scheme £236m Future Fund   Today the government published new statistics that show 972,026 businesses across the UK have to date benefitted from £40.72 billion in loans and guarantees to support their cashflow during the crisis through schemes […]