News

30 November 2016

British Business Bank backs new £150m Accelerated Digital Ventures (ADV) platform to boost digital businesses

A third of the funding for the new £150m platform, which will provide evergreen, patient capital to smaller businesses looking to grow no matter what stage of development, will be provided under the Bank’s Enterprise Capital Funds (ECF) programme. The Accelerated Digital Ventures (ADV) platform will make funds available to digital technology SMEs, boosting sector […]

21 November 2016

British Business Bank expands eligibility criteria for its ENABLE Funding programme to increase finance for smaller businesses

Since launch, £202m has been committed through the ENABLE Funding programme to three providers, which has facilitated over £200m of leasing and asset finance to around 4,000 smaller businesses. Building on this success, the British Business Bank has today updated its ENABLE Funding Request for Proposals to allow peer-to-peer lenders which facilitate the provision of […]

21 November 2016

British Business Bank partner Seraphim Capital launches pioneering space tech fund

Seraphim Space Fund to be largest ever space sector venture fund Targeting £80m final close by Q2 2017 Reaches £50m first close British Business Bank investing £30m under its Enterprise Capital Funds programme Founder of Google Earth and former Chief Technology Advocate of Google Michael Jones joins as Managing Partner Seraphim Capital today launched the […]

8 November 2016

British Business Bank launches Spotlight report highlighting the opportunities for high-growth and ambitious businesses in the Northern Powerhouse area

The British Business Bank today launches a new report Spotlight: The Northern Powerhouse Investment Fund, at the MADE Festival in Sheffield. The report, published to mark the British Business Bank’s two-year anniversary, draws on the Bank’s own research together with other publicly-available data. It highlights the significant opportunities for ambitious, high-growth businesses in the North […]

1 November 2016

New matchmaking service for small businesses looking for finance launched

From today nine of the UK’s biggest banks will pass on the details of small businesses they have rejected for finance to three finance platforms – Funding Xchange, Business Finance Compared and Funding Options. These platforms will then share these details with alternative finance providers and go on to facilitate a conversation between the business […]