The ‘Help to Grow’ growth loans programme addresses the financing needs of smaller businesses which are struggling to raise sufficient senior debt to fund their growth opportunities.
The British Business Bank launched the initial phase of Help to Grow on 22 May 2016, announcing that the first £30m of Help to Grow-supported lending would be delivered to businesses through Lloyds Banking Group. We announced that a second lender, the challenger bank OakNorth, had joined the programme in January 2017. The first investment fund under the programme, with Liverpool-based lender MSIF, was announced in September 2017.
The Help to Grow programme is not currently open to new proposals.