News

29 May 2020

British Business Bank accredits new lender to Bounce Back Loan Scheme

Metro Bank accredited to the Bounce Back Loan Scheme (BBLS) Friday, 29 May 2020: Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors[1], […]

27 May 2020

British Business Bank support schemes deliver more that £27bn of loans to more than 651,000 smaller businesses

£18.4bn Bounce Back Loan Scheme £8.1bn Coronavirus Business Interruption Loan Scheme £820m Coronavirus Larger Business Interruption Loan Scheme Today the government published new statistics that show businesses have to date benefitted from over £27 billion in loans and guarantees to support their cashflow during the crisis through schemes delivered by the British Business Bank. This […]

27 May 2020

Four new Regional Lenders accredited to British Business Bank Coronavirus Business Interruption Loan Scheme (CBILS)

The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance to join 70+ existing CBILS accredited lenders Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). New lenders The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance […]

26 May 2020

Changes to Coronavirus Large Business Interruption Loan Scheme from 26 May

The scheme facilitates access to finance for mid-sized and larger businesses with a group turnover of more than £45m affected by the coronavirus outbreak. The maximum amount available through CLBILS to a borrower and its group has now increased from £50m to £200m. Term loans and revolving credit facilities over £50m will be offered by […]

20 May 2020

Six new lenders accredited to British Business Bank Coronavirus Business Interruption Loan Scheme (CBILS)

Bibby Financial Services, iwoca, Scania Financial Services, Triodos Bank UK, Ulster Community Investment Trust (UCIT), and Woodsford TradeBridge to join 60+ existing CBILS accredited lenders Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). New lenders Bibby Financial Services, iwoca, […]

20 May 2020

Midlands Engine Investment Fund making an immediate impact and generating over £64m of investment in Midlands’ businesses  

New report shows positive impact on MEIF funding on SMEs in the Midlands region Publication of MEIF Early Assessment Report reveals early impact on Midlands productivity 629 jobs created after £64.8m invested in 257 Midlands’ businesses Increasing Research, Development and Innovation investment by small growing businesses 60 per cent of investee businesses report increased turnover […]

18 May 2020

Government Future Fund to support innovative UK Companies announces Eligibility Criteria

Open for applications from Wednesday 20 May Scheme operates on a commercial basis to deliver an initial commitment of £250m of new government funding Financing will be unlocked by additional third-party investment on a match funded basis Applications submitted via an online platform based on a set of standard terms and eligibility criteria Monday, 18 […]

15 May 2020

New Lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Tide accredited to Bounce Back Loan Scheme (BBLS) Liberis accredited under Coronavirus Business Interruption Loan Scheme (CBILS) Today the British Business Bank has announced that it has approved two new lenders for accreditation to offer Covid-19 business loans to small businesses across the UK. Tide will join the other 16 lenders who have been accredited […]