27 March 2019

OakNorth announces British Business Bank ENABLE Guarantee of £133m

The ENABLE Guarantee programme is designed to encourage banks to increase their lending to smaller businesses by reducing the amount of capital required to be held against such lending. Under an ENABLE Guarantee, the UK Government takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, in return for […]

25 March 2019

VGC Partners closes Fund II at over £50m

The firm has been supported by a £30m commitment from the British Business Bank through its Enterprise Capital Funds (ECF) programme for early stage venture capital. Additional funds have been secured from private investors and high-net worth individuals. The new fund is the Bank’s 28th ECF. VGC will be investing between £2m and £5m for […]

15 March 2019

NPIF supports £184m of investment across the North in its second year

As it reaches the second anniversary of its launch, the Northern Powerhouse Investment Fund (NPIF) is celebrating having directly invested £100m in 385 Northern-based SMEs, in deals that have attracted an additional £84m of investment from the private sector. The £400m investment fund was launched in 2017 by the British Business Bank using funding from […]

13 March 2019

British Business Bank ENABLE Build programme to launch next month

During today’s Spring Statement, the Chancellor of the Exchequer, Philip Hammond MP, confirmed that the British Business Bank’s ENABLE Build programme will launch next month. Funded by the Ministry of Housing, Communities and Local Government (MHCLG), ENABLE Build is a new variant of the Bank’s existing ENABLE Guarantee programme. It will make available up to […]